THE "NEW DEAL."

Auckland Star, Volume LXV, Issue 2, 3 January 1934, Page 7

THE "NEW DEAL."

ROOSEVELT TO SPEAK. Powerful State Paper for Congress. HOLD OVER BOTH HOUSES. (United P.A.—Electric Telegraph—Copyright) (Received 12.30 p.m.) WASHINGTON, January 2. Uncertainty as to United States monetary policy overshadowed all other issues to-day as Congress made preparations to convene at noon tomorrow to hear President Roosevelt personally read his annual message on the state of the nation. Not since the Coolidge Administration has the chief executive undertaken personally to deliver the annual message. Observers expect a powerful State paper explaining the "New Deal" to date and outlining what the President expects of Congress in the immediate future. Whether he will immediately dig into the monetary question or withhold it for the Budget or a later message is not known.

Informal prc-convention conferences of Democratic ans Republican supporters indicate that, barring unexpected developments, President Roosevelt is likely to maintain Tils strong hold on both Houses.

Republicans admit that they have not formulated a positive opposition programme. They expect to await developments and diagnose trends of public opinion to guide their policies. They expect that the first work of Congress will be to undertake liquor legislation and routine appropriations, and possibly a quick agreement will give the President tariir revision power. On the other hand, advocates of silver currency may early try to force their demands into legislation, while the N.R.A. and other features of the recovery programme are sure to be hotly debated before the session terminates.