Evening star., 1939-03-06
President Held
Favoring Early
End Of Session
Roosevelt Takes
Charge Of Drive
To Aid Business
BACKGROUND

BACKGROUND
Latest Ne1p Deal Development
Is rigorous driue to appeaSe buSi-
ness President Roosevelt and
Secretary of the Treasury
Morgenthau led of BY saying
there should be no ne,D tares nert
year. Secretary of Commerce
Hopkins made plea for busi-
ness cooperation, saying most
of New Deals reforms are ouer.
From the gro,Uing economy bloc
in Congress hare come demands
that the Ne1u Deal retrench
financially.
BY the Associated Press.
President Roosevelt, who has taken
personal charge of the administra-
tion's campaign to stimulate busi-
ness. gave White House callers the
impression today that he is willing
for Congress to adjourn as soon as
it clears up its current slate.
Representative Rayburn of Texas
House majority leader and one OF
the Congress chieftains at the weekly
White House conference, said Mr.
Roosevelt reiterated that he had
nothing new to submit to Congress
On that basis, Representative Ray
burn predicted a reasonably early
adjournment.
Speaker Bankhead, who attended
the conference, said afterward that
with oil t1,n aev
from the administration, business
should be justified in going ahead" "
He told neWsmen that the Iowa
address of Secretary Hopkins, recent
statements by Secretary Morgenthau
and repeated assertions that no new
taxes were in prospect should assure
business of new cooperation on the
part of the Government"
To Do All Within Reason.
"The President and the whole
administration and Congress are
anxious for cooperation in getting
off what we might call dead center
for investment of new capital" p"
Speaker Bankhead said
THE policy of the administration
Is to do everything within reason
to help, without abandoning its pro-
gram for social reform which I think
most of the country accepts
What went on in the conference,
no one would say. Those attending
did have an opportunity to discuss
an economy bloc contention that
only by reducing expenditures can
the Government create industrial
confidence. Mr. Roosevelt's calling
in of the party leaders was the first
of two actions having a bearing on
business improvement.
Second, he fixed the opening meet
ing of the c. I. GA. F. of L. Peace
Committee for 2:30 pm. tomorrow
1t probably will be devoted to ar
ranging procedure for the negotia-
tions. Secretary OF Labor Perkins
is expected to attend with the con-
ferees.
President Has No Proposals.
Miss Perkins said today she ex-
pected President Roosevelt would
"bestow his blessing on the propec-
tive negotiations.
Talking to reporters after 30
minute chat with Mr.. Roosevelt, she
said the, President would offer nc
proposals of his own tomorrow, but
probably would talk to the rival
negotiating committees about the ef-
feet the labor movement division
has had on outside conditions.
The Secretary said she had re-
ceived 1879 joint C. I. O.-A F. of l.
resolutions supporting MI. Roose-
velts effort to bring the rival labor
factions together.
The immediate legislation sought
by the economy advocates is a re-
vision of business taxes. Secretary
Morgenthau Saturday promised
Senator Harrison, Democrat, of
Mississippi and Representative
Doughton, Democrat, of North Caro-
lima that the Treasury would make
recommendations as soon as possible
after March Is tax returns are can
vassed.
Controversy Threatens.
Activities of Senator Harrison's
group, however, threatened to pre-
cipitate controversy with admin
istration proponents of continued
spending that may speedily relegate
to the background the Senate argu-
ment over foreign policy and the
defense program.
The Federal Reserve Board, mean.
while, contended that greater pub.
lie expenditures" were needed tt
start a business upturn.
The board, headed by Mariner
S. Eccles, a leading advocate of gov
ernment spending, said in it,
monthly bulletin released today thai
industrial prodution now is abou
even with national consumption.
"a further growth in activity
the bulletin said, appears to de-
pend on an increase in consumption
ICoo pTTCrNECC Doro hol