Show 1 TW A T prediction re dictions from radical rai lieal J jk parti par ns of a reactionary type as to va ct that would follow tit 4 election of a republican press A it t have ha e fortunately proved un un aided one was to the effect the federal reserve system ld be e overhauled and re ped the other promised the abolition n of the federal trade commission Inis sion it ia announced from washington that no nr change changet are to be nande made in the federal reserve act this system has commended itself to the business interests of the country and proved during the war to be fully as necessary and valuable as the 8 sov e e eutee n t e c n nth t h amendment legalizing the income tax the announcement is is made also that the trade coninis commission is not to be supposed Slip posed to be extremely unpopular in business circles inquire by the adain has convinced it that the work of the commission 14 11 vain valt able and that it can call even be broadened and extended vuth advantage this is said to be the opinion I 1 of secretary hoover a wi well inell as us of the ident and of leading members of both branches of congress and it is the intention after litter pending legislation legis lution is out of the way to take up the trade com mission inis sion act ait and broaden it accordingly A washington dispatch reports that opinion in the senate as to the has veered about in in a favorable way the senate no litwer hesitating to call 11 upon it to undertake important inquiries ill qu iries there nedr probably was wai a serious purpose of the federal reserve la lan in ill any ally fundamental way but the trade coin mission has had its active enemies camping on oil its trial ever since it was organized the country how ever has ai approved proved of such an 11 agency of tho government and it is satisfactory 0 to o know that a good many influential business interests have become favo able to it |