Show 0 ID national topics interpreted by william bruckart washington whatever may be gleaned from recent developments in Wash logton it can ajda wn will be stated with continue dainty that president roosevelt has hag now set his mind definitely to continue the national recovery administration as a governmental unit it may well bo be that the organization will be changed as to form it may be possible that the name came will be revised and that there may be revision of methods but there can be no equivocation about the fact that mr air roosevelt intends to maintain and that he has acted at juhls ahls time to give notice of his bis decision in advance of the convening of congress observers here have taken note of tho the unusual emphasis placed upon the presidents part in NL RA reorganization plans they think this was done at the behest of the chief executive with the thought in mind that it would serve as a reassurance to hundreds of thousands of people throughout the country I 1 believe there can be no doubt that a good many people some influential some come just the mine run have questioned the flying qualities of the blue jingle eagle their dissatisfaction and distrust has been shown in many ways and thus it appears logical that mr air roosevelt would seek to allay their fears under the new setup set up of the president ident has taken active leadership of course he has been the leader heretofore but there has always been the disposition on his part to allow the former administrator gen hugh S johnson to guide his own ship despite the fact that sir mr johnson was given a free hand it was easy for sir mr roosevelt to take control because after all he Is president of the united states stater by dividing management of NR A among the heads of three boards it Is generally believed that the president has made it easier for himself to assert his influence and his ideas more directly than has hitherto been the case this Is particularly true when the personality sona soria lity of the former administrator Is considered alt although houll tile the president had only one man zill with whom to deal under that circumstance politically minded people in washington seem to be wondering however what the effect will be on mr roosevelt suggestions have been heard beard that by taking a direct hand in mr roosevelt Roose roosevelt has put himself out front where rome come seem to think he may be the target for some of the rotten eggs about which tl tle the e bombastic general johnson spoke so frequently the re tiring administrator said frequently he did not mind being the target but many times mr roosevelt has taken occasion to fight back at his critics by calling them tories rip van winkles and other such descriptive terms it Is yet too early for a general reaction to be evident among conservative business men on the opposition presidents re active organization program those who have given voice to their feelings thus tar far however have indicated that the wing group in the country are finding small unction from the new program indeed the undercurrent of information which wo we get in washington Is to the effect that there are arc mor secret meetings and definite moves among business interests to ward off any left wing swing by the administration than there has been at any time since mr roosevelt took office the che presidents recent radio speech to the country was generally understood ns as a conciliatory move on its his part pait and it seems not to take a stretch of tie te imagination to link that speech and reorganization with these various movements against the overhanging threats of such liberals as donald chberg Rl former chicago labor lawyer who Is certainly the most influential man in the new setup set up everywhere I 1 go I 1 ind find that bustness business interests are accepting the reorganization of as notice of its continuation and it may be possible that one result of this interprets Inter preta tion of the presidents act Is the gro growing opposition movement mentioned above business generally Is mindful that the matter of continuing NITRA must be decided by congress they recognize that the present recovery act expires next nest june and that the president will lay before congress a comprehensive program early in january after congress returns their efforts in opposition therefore naturally will be directed to the congress in an effort to accomplish some of tile changes in the law which they believe advisable to permit tree free and untrammeled commerce and industry with regard to the presidents determination to continue it needs need to be pointed out only that it he had wanted to scrap that unit of his recovery setup set up the retirement of general johnson afforded an excellent opportunity it was then that he could have allowed the organization to disintegrate and could have transferred to various agencies of the government that are permanent in character such functions as ho he desired should continue but he did not do that lie ile acted with dispatch this Is best shown by the chronology of events it appears that the president Ident made up his mind over ono one weekend week end ue ile received general johnsona resignation on a monday 1 and announced it on a tuesday hla his return to washington on wednesday was followed immediately by conferences wm with sir mr chberg ni and a quick announcement cement of the new program it Is evident therefore that when the president decided something had to be done he moved at once to get rid of general johnson and to start the new machinery through orders issued to mr air Rl chberg formulation of industrial policies henceforth are regarded as likely to be more on the basis of trial and error than heretofore has been the case lancial banking and other financial interests of the country are apparently quite disturbed over the financier financiers trend toward easier 1 disturbed bank examinations mr air roosevelt lately has told the treasury that the bank examiners were too hard in going over loans held in portfolios of banks and that he was anxious to see a more uniform system developed than the e examining methods long in use the fear seems to be that the bank examiners will relax too tar far in grant ing approval for loans outstanding heretofore banks have had bad to toe the mark and any questionable papers or any loan that gave evidence of not being liquidated in accordance with its terms was promptly called to the attention of the bank management with in to make corrective adjust ments on the books if as some finan caal authorities expect bank elamin ers become too lenient it is suggested in many quarters that the banks again may find themselves with paper upon which they cannot realize just as oc currod at the beginning of this depres slon it was bad loans that forced the closing of many banks then too many observers are find end ing it difficult to reconcile the dents attitude with the frequent cratl ariti clems he has made of banking cices tices heretofore employed I 1 am re minded also of the stinging rebukes that have come from the senate corn com on banking and currency after its investigation of the banking ture lure time after time that commit tee which proceeded with its invests gallon with a blessing from the white house has attacked banks and bank ers era because of bad loans and worse judgment in dealing with the borrow ers the question has been asked sev eral times lately whether banks are arc going to be willing to make loans that are in some respects a gamble even under the presidents urge if 1 later they will be subjected to attacks in the halls of congress 0 on the bank loans the president Is convinced that bank examiners have been throwing out a examiners lot of loans that are arc too stringent eaf perfectly good they have been forcing the banks to charge off this paper as a loss in other words sir mr roosevelt believes that under the old rules of examination a too stringent attitude was adopted by the administrative authorities in the treasury and the bank examiners carried out those rules lit orally in the background it is to be kemem bared limi holever hO Mever ever there Is the federal deposit insurance corporation this agency guaran guarantees tees that the depositors will III be repaid in full up to a limit of on each account it would seem to be that the existence of this ansur ance corporation ought to fend oft off any particular fear but bankers know and a good many of the political and administrative leaders recognize that the corporation could not withstand wholesale bank failures it draws its funds from assessment of member banks and therefore when hen its present rescues series re are exhausted banks must dig up more rol following lowing this line of rea rca one cannot help arriving at the conclusion that a series of bank fall ures resulting from bad loans would throw more ot of a burden upon the good banks than they can carry thus it Is made to appear that a high percentage of bankers in the country after all are going to continue to exercise their judgment on the type of loans they make and will not be in influenced fluen ced materially by administration wishes some of course will extend credit with abandon and it Is this group of bankers who eventually will wit ness the deposit insurance corporation paying off their depositors consumers must mast look to a change in their diet as regards some items of 0 food during the coming winter accord ing to a statement from the depart ment of agriculture through the bu reau ot of agricultural economics the de apartment part ment said that it expected some increases in prices between now and the end of the year rear but that the climb in price levels likely would be more grad ual and not so large as has occurred in the last three months this fact it appeared was traceable to the short ago of some kinds of food resulting from the drouth in the central states and a superabundance of some other kinds produced in the eastern halt half and far western of the united states the department suggested that the full effect of the drouth on retail food prices wilt will not bo be felt until next nest spring at that time supplies of 0 meats dairy products and poultry products will have been reduced 0 newspaper New union |