Show THE THE forces making for permanent recovery are arc the forces of private investment investment in new plants and equipment for the mills and factories making consumption goods in new equipment and replacements for the railroads in new equipment and new extensions for the utilities in new housing to replace the accumulated deficiencies of 10 years in which little residence construction has occurred in new stores and office buildings in the nations cities and towns the failure of private investment to revive was the distinguishing characteristic of the so called recovery which he had in 1936 and 1937 capital is afraid to enter new fields and has some reason for its fear we like eke the new note that has been sounded by harry hopkins secretary of commerce if government will cooperate with industry instead of attacking it we should soon be back on a solid and substantial basis |