Evening star., 1938-06-26

that in the dangers and difficulties Of this disastrous
period American business management as whole has so
far failed to fulfill the full Of responsibility
to the American people" little later on said Il
mean only that by temperament. training experience
intellectual equipment and knowledge American business
management not adequately prepared for the un-
precedened and tremendous which imposed upon
by the vast economic political changes dur
ing the past 40 years since the war"
Another count in the indictment against the admins
Tation at Washington is that it is jeopardizing
American liberties and hamperng the enterprise Of
captains Of industry.
America Sole Refuge Of Freedom
I'm the rst place." this hish counselor OF bsi-
ness I'VE should remember remains today prac-
tcany the only spot on this unhappy planet where we
retain in freedom action to determine
our own Destiny He suggests that business should
M criticisms and complaints for future reference and
should come forward to the American people with
unconditional pledge and specific program reemploy
our labor and to rehaotae industries step by STEP
during the next two and it should then
aid OF Government in certain specific that
Now wonder how much Of that kind of Dr. Glenn
Frank going to put into the Republican platform which
ne and hundred other great minds supposed to
trying to formulate.
And here is another economist who has some
views on business opportunity and the
pursuing In recent interview with Roger Babson
recited that retail trade only of IS per cent in the
densey populated industrial cente where the recession
hitting the hardest in the agricultural districts 1t is
of only OF per cent but factory production is of full
40 per cent.
80" says Roger Babsou I'VE fnd that th, new nun,n
prins attempt coming when natural business adjust
men In its nal stages This huge addition to the uur
chasing power OF the Nation comes just when business
was about ready to forge ahead Of accord An
other thing, this same pump printing should be 4 ma or
force to prevent the usual et-down NAV start
business upward in the future instead of await
ing the fall months."
Babson Would Seek Share Of Billions
1T a manufacturer" continued Roser Babson.
making product sold to the general public or If were
IN an industry selling to the factories that sell generally
would be getting ready to get my share IS OOO
100000 Also. If were in of the so-called heavy
industries whose products will be used greatly in the
type OF construction contemplated would be getting
ready too believe that if business total would match
this Government expendturematch it in spite of any
fears they might have of the future trend Of legislation
match it in spite of their probably warranted dstrust Of
the adminstraton-that we'd quickly be on the way up"
Now these two economists not New Dealers In fact
Mr. Babson said ANY time call upon business man. or
any time that business me- lot of time is
wasted cussng Roosevelt before get
tacks and talk about something constructive"
do not expect to much Of an echo of these two
statements in the columns of the minority parys press
agents who have been long addicted to the habit Of
insisting that ANYTHING the administration any of its
supporters says about 1t must be unrighteous And that
reminds me of something else.
Depores Resurrection Of Foes Statements
number OF the big newspapers of the country since
the advent Of the publicity chief of the Republican
National Committee are printing his views and mine in
parallel columns think that Is fine, but do deplore
present tendency the of writers to bring
some of Mr. Watmans utterances made prior to his
assuming his present post simply because they seem
congruou For instance somebody resurrected
stores in which, some time ago he arraigned the Repub
icans for asssing the New Deal reciprocal tariff program
They quoted Mr.. Waltman saying They rush in
where ecoomiss fear to tread into buzz
saw in the person Of Secretary Of state Cordel Hull"
That of course does with the general Repub-
can contention that the New Deal must be assaed on
all fronts.
should hate respective columns of the pub
cy directors Of the two parties the form
Of debate between press agents hope that the COM
front the @. O. p propaganda chief Let them
remember that although he Democrat in the years
prior to his getting into political post it is different