Show BOTH BorIl SIDES OF THE CA CAMPAIGN NO 4 Advances o of Business Cited Under Policies o cloy o of Roosevelt a Note Official of the Republican and Democratic national committees s are given glien today In the fourth of a series of 12 articles Republican and Democratic views w will be presented on alternate d daye Ys By SENATOR JOSEPH C. C Ol IA ONEY Vice Chairman Democratic National Campaign Committee The sane and sound leaders of business should should and and most of them do thank do-thank thank God for Franklin D. D Roosevelt There is is a multitude multitude multitude multi multi- tude of others of course who curse him The sane and sound leaders of business get beyond the political news pages and the partisan editorials of their daily papers into that department where no newspaper publisher can afford to tolerate error They go to the business pages About the time that Governor Landon was accepting accepting ac ac- l the Republican nomination and the Chicago Chicago Chi Chi- cago Tribune in common with other deal papers was hailing him as the saviour saviour of business business busi busi- ness Hess the Tribune printe printed a remarkable statistical summary in its business pages ages In a graphic and understandable way it told the story of what has actually happened to business under the Franklin D. D Roosevelt whom its editorial writers were denouncing denouncing de de- Haunting as a menace to business Its principal features compared important busin business ss factors forthe for forthe forthe the first six six months of 1933 with the same factors for 1936 Ol Two of the four months of 1933 were under Hoover it should be remembered the candidate canidate who predicted that the grass gass would grow In m our city streets if Roosevelt was elected to his place H Here re are 4 the s. s facts 4 s- s from 41 the r Chicago Chicalo non c Loadings of freight cars and and nobody nobody no- no body loads a freight car unless there is an actual business transaction transaction trans trans- action a sale increased more than 24 per cent for tor th the first six months of this year over the first six months of or 1933 For the same period our foreign trade which President Roosevelt ruined according to his opponents actually increased 85 per cent Nobody builds an automobile unless unless unless un un- less it can be quickly sold In the first six months of or 1933 the automobile auto auto- automobile mobile industry built cars In the first six months of 1936 it built almost cars an in increase increase increase in- in crease of per cent This despite the shifting of the opening of the automobile season into the fall to provide steadier em employment ploy men t through the winter but taking the first rush of buying new models out of the first six-month six period False leaders of business have I criticised the administration for no not t helping the heavy industries out of the depression The rice e Chicago Tribunes Tribune's Tribunes Tribune's Trib Trib- Tribunes Tribune's unes une's facts show that steel production production o- o tion Lion the barometer of heavy indusI industry indus indus- I try rose steadily almost from th the theof e beginning of his administration I Ithe In Inthe Inthe n the first six months of or 1933 it w was as less than tons In 1934 1 i it t doubled In 1935 it held its own a at t better than tons and for fo r I the first six months of this year itI it I has ha reached tons That Is Isan an Increase of per cent in three thre e years There can be no better index o of t I the solid permanence of this improvement improvement im im- im- im p provement than the remarkable increase increase increase in in- crease of building construction be between be- be tween 1933 and 1936 People do not put their savings or their borrowings borrowings borrowings borrow borrow- ings Into new buildings Industrial or housing unless they feel that a profit on othe the investment is certain for many years to come According to the Chicago Tribunes Tribune's Tribunes Tribune's Tribunes Tribune's Trib Trib- unes une's summary of or facts for the first firs t six months of 1933 new building g construction was valued at only In the first six mont months hs of or 1934 it jumped to There was a slight recession in th the e first six months of 1935 But f for r th the e same period in 1936 building construction construction con con- reached That was an increase of or percent per cent And let there be no doubt about it President Roosevelt and his administration ad ad- administration ministration are responsible the for for the Improvement The tycoons of big business and finance had been in the saddle riding government as owell well as business up to 1933 They dominated congress Their advice was eagerly accepted at the White House For 12 years they had been th the lords of or creation creation but but they couldn't stop the panic They could not end the depression Franklin D. D Roosevelt did that with the mandate of or the people whoa when he took the helm of government and economics in m 1933 Then they came to Washington and cried for help They got it ft They got more They got a new viewpoint of the responsibility of business to the people as a whole W Where here necessary they got laws to prevent the follies of or charlatanism and inflation that led to the ster s- s ter of 1929 And It worked If It you you dont don't believe be believe be- be lieve it see the business pages of the Chicago Tribune or any other otner reputable paper Why are some of or these business leaders like the Chicago Tribunes Tribune's owners and I that other Chicago newspaper owner Colonel Frank I Knox Republican candidate vice for president now demanding President Roosevelt's head and the repudiation of or his policies ought to be They grateful No institution institution tion more than the benefited from the newspapers has business ery recovery Personally I think it Is because they hate the man who their futility in itt the field exposed in which they thought the they had the last word And of or course there Is their ral desire to natural natural natu natu- regain the power once exerted in both they economics politics though they almost and the nation by their abuse wrecked As the of or it campaign progresses however however how how- ever it will be and overwhelmingly evident election day that the soundest evident o on business business busi busi- ness leaders together sound with the common sense of ot the the American mass of ot people thank God Franklin D. D D Roosevelt for tor |