“MISTRUST TOWARD BUSINESS”

Press, Volume LXXIV, Issue 22304, 19 January 1938, Page 9

“MISTRUST TOWARD BUSINESS”

♦ REPLY TO CiyXICISM BY U.S. .MINISTERS (Received January 18, 5.5 p.m.) PHILADELPHIA. January- 17. The running battle between Mr Roosevelt and important businessmen has been taken up by Mr Thomas Lament. Ostensibly speaking in the interests of Mr J. Pierpont Morgan, he said, in a university address: "I cannot but believe that a good part of the current business recession arises from bewilderment and loss of confidence among our citizens because of the general attitude of mistrust toward business which for the last five years has been cultivated in this country-. Would it not be nearer the mark to say not that capital was on strike but that it had been locked out?” He declared that the attacks of M. H. L. Ickes, Secretary of the Interior, and Mr J. R. Jackson, one of the six Assistant-Attorneys-General. were “based on a devil theory of economics.” [Speaking in Philadelphia on December 27, Mr Jackson said that certain groups in big business w ere attempting to liquidate the New Deal and to throw off all governmental interference with their "incorporated initiative and aristocratic anarchy. They only criticise. What can he made from the economic operations of the New Deal?” he said. “Is that it. They set out a breakfast for the canary and let the cat steal it. The New Deal insufficiently guarded recovery from the raids of the monopolist. 1