The Washington times., 1937-12-09


Great Britain today started re
litical United States as we'll as
The appointment, if accepted,
comes at the time when Mr..
Kennedy is a power in the coun-
cils of the Presidents common
sense and more or less conserva-
tive advisers who have been
struggling with the Left Wing
erS and remaining Brain Trust
ers for domination of the PreSi-
dents program.
TWO POSTS, so FAR
This has special reference to
the tax program, spending pro
gram, budget balancing and re-
lief. Mr.. Kennedy, an ardent
supporter of the President and
most of the New Deal, has held
two Government posts so far.
>, He was the first chairman OF
the Securities and Exchange Com
mission, and his administration of
that body brought him a host of
friends from Wall Street which
came to admit that he was fair
watchman over the doing of the
stock and bond brokers, financial
houses; holding companies" and
others. In fact, Wall Street came
to the point where it boosted Mr..
Kennedy for Secretary of the
Treasury.
In the past six months Mr..
Kennedy and Jesse Jones, RFC
chairman. have been the spear
point Of an inside movement to
get the President to veer sharply
to the right as far as dealings
with industry are concerned;
especially in the matter of finances
and taxation.
CONSERVATIVE ADVANCE
So far, the conservative forces
under these two generals have
been making tremendous head
way. Now that the Presidents No.
One conservative adviser is prob
ably going to London, the queS-
tion Is does the President intend
to swerve left again-or what?
Also, there is another angle:
The biggest job the State Depart
ment has had for years is in the
proposed reciprocal trade treaty
with the British Empire. That pro-
posed agreement has all the pos
SibilitieS Of a solid cementing of
this country and the far flung
British Empire in a partnership
which would, in effect, be deco
cacy against the rest Of the world.
In these negotiations the United
States needs one Of the smartest,
most alert and resourceful Amer
ican who can be brought to the
task. It is no secret that the
President believes Joseph Ken.
nedy is well fitted for the job.
SECOND BIG TASK
Ell has made coed in the SEC
post; and is known to have hustled
the Maritime Commissions work
along to the point where subsidies
for ships Of the sea and air are
together about to be legalized.H
The second task which Mr.. Ken,
nnedy would tackle is the negotia-
tion for Stabilization Of the dollar
which has been clamored for in
British circles for months.
Also would be expected to cor
relate the various plans suggested
recently by English statesmen for
resumption of payments on the
war debt owed this country.
Mr.. Kennedy has been close
friend Of President Roosevelt ever
since the earliest days of the
World War when Mr.. Roosevelt
was Assistant Secretary of the
Navy and in charge of the tire.
mendouS naval construction pro-
gram.
He found that the one man IN
the steel business he could get in
Stant action from was a young
man named "Joe" Kennedy, who
was particularly helpful in push
ing through to success a subma-
rine building campaign which ma
val advisers had told Mr.. Roose-
velt could not be done.
LONG A FAITHFUL FRIEND
The friendship started then;
and Mr.. Kennedy remained a
faithful friend.