Show Sensible le Men Jllen Know now Our I Progress Must Be Slow Blow The road to recovery is n not t to be traveled at full speed d. d Few sensible men thought it could be The lion in business which came caine in September Sep should h have ve c caused used no great grea surprise Nor was it ft remarkable that it should haye hase been accompanied by bya a still greater mental reaction Late spring and early summer saw the country in an emotional state The Theair Theair air nir was full of blue eagles filled the streets The moving pictures pic pie tures exhorted us to rally round theN the theN N R B A and President Roosevelt It was like an old fashioned revival Business ha has but to believe and be saved But as as the emotional s stage died down there came a sobering t ion tion that the whole plan Involved serious serious seri seri- ous Otis problems of readjustment It was was a sort of ot morning after which will be followed is being followed fol tol low lowed d perhaps as this Is read by a are re renewed ewed confidence that business given a chance to Uto eliminate unfair competitive practices can go co ahead to a amore more permanent level of pros pros- Not all the signs on th the business horizon were bad And it should no nobe not be forgotten that the upturn which started in March was almost Unprecedented Unprecedented in Its rapidity One excel excellent excellent lent index o of industrial activity waS waSat was wasat wasat at 55 per cent below normal in April Apri and four months later was less less' than 25 per cent ent below below Nations Nation's Business |