Show THI special to the park record washington D 0 rebr february uary 2nd and there was as a period in american history that a t still t ill Is e erred to as the era em of good feeling it was terminated about 1825 after lasting from the start ot of tiia war ot of 1812 by the candidacy of turbulent andy jackson the period was one during which satch everybody minded his ow own n business and the politicians were sh shoved oved I 1 ito the Is b background k rou I 1 N kot a few 6 students U of on 3 of his history to or are e af th the present re se t situation i on I 1 in was washington hington itt t to that which ic h obtained h ti n d in th those e days the expected PC d cit and dd dog fight between con congress g r and ri d t the he president r es I 1 of e n t be has f tailed alea w to ra materialize er azo instead so one see sees of on n e very every hand a sincere iner desire on the part of tha th I 1 leaders e ers of both big parties rt to make k c a very genuine effort to save the country 0 y Us its present economic ills the reconstruction finance corporation now beginning to function has met with heaitly approval from everybody Fres president ident hoovers choice of the men who willa will control its policies Is receiving equally warm approval general dawes the whole country feels Is the one man who can cut all red tape and make the new huge financial giant work quickly ard and ar d efficiently his work as head ol of the service of supply during the war showed that he Is no respecter of when there Is a job to be done second only in popularity Is the selection of eugene meyer as chairman of the board meyer Is a man who can be relied upon when dawes outlines a plan to explain just how to go about achieving it without going into details as to why it cannot be done A third man who will be powerful in the B R P F C is ogden L mills under secretary or of the treasury and tor for the past few months me its practical spokesman secretary mellon la Is undoubtedly feeling the weight of 0 his years and Is leaving most or of his active dut duties tes like appearances ppe arances before congressional committees m mit tees to mills when mills was a plain congressman he was regarded as a high hat sort of 0 person he is descended from a and tor for three generations has it been ee surrounded bounded with all the trappings gb ot of wealth and has become an aristocrat lately his grasp of financial questions ara a newly delopes de deel loped oDed gen lUty lity have made him a popular acure fidure one of the main reasons why the financial world has taken the R F C to its heart Is the he act that it Is set net altogether a 3 new experiment it Is sue such h a close copy or of the successful stul war finance board that the depression of 1921 and returned a profit of many millions to the national treasury without costing the taxpayers a cent that whole sections or of that act have been bodily lifted and incorporated in the new act changing the name only where it occurs in the war board legislation 1 proof prof that the money that Is being hoarded by the workers through tear fear of bank crashes can be brought out of its hiding has been demonstrated by the I 1 recent offering of new york cites notes tor for that amount was oversubscribed in fifteen minutes after the books were officially ciany 0 opened the public i raced faced with the low prices ot of stocks re 1 fuses to invest in any of them fearing not only a further drop but the risk that I 1 they may be entirely wiped out I 1 NOW MOW with the government putting its guarantee back of the new capital the public has shown by its response to the first offering of bonds j under the new act that it Is ready and willing filing to put its money back to work the Trea treasury was swamped with requests new from bankers and private investors asking for blanks on which to bid for the new securities as soon as the first plans ifor for the new R F C were divulged when I 1 the first official bids were asked the treasury again found itself swamped with tenders for the he t securities there seems seem to b be no 0 re reason as 0 to doubt that the government can obtain all the mel money it needs whenever it Is willing to put its ita guarantee back ot of a loan 0 0 confidence has returned at last everybody in washington Is saying even it if it did require the government itself to lead the way it is 13 beyond question that private investment channels will be enabled to obtain loans themselves because ot of the great confidence instilled by tho the to the big public loans one reason for this return ot of confidence la is seen in the implied determination ol of congress not to allow another dollar of oti american funds to be sent abroad lately the cry Is american money for american business let europe get from under its financial load as best it can I 1 frances ability to return to a safe financial basis has been shown in the tha past six elx years at the start of which it appeared as though it never could make a comeback now it Is second only to the united states in its ownership ot of gold reserves that Is designed to relieve europe belore before our own troubles have been conquered Is almost certain to be kaj fed ed by congress As one public speaker declared the other day this country cannot be in financial difficulties while it 11 has as in prime securities on oil which to borrow A hint as to the democrats solution ot of the way to meet the budgetary deficit of the treasury was given give by the ways and means committee tax bill offered congress for passage the bill avoids imposing nuisance taxes and will offer plans to tax telephone users ten cents an instrument add one cent a gallon tax on gasoline perhaps levy halt half a cent a kilowatt kl on electric current tax trucks which are competing with railroads and levy further on luxuries lux urics the big industrial giants which are said eald to be carrying 1 all they can afford to right now are arc ito to be b let alone according to the democrats P plan 1 I an |