THE NEW ORDER IN U.S.A.

Evening Post, Issue 50, 27 August 1935, Page 8

THE NEW ORDER IN U.S.A.

While claiming a "new order" in liis radio speech to youth, President Roosevelt is careful to reserve a place for "freedom and opportunity.," which may be taken to mean the individual's freedom ; and ; opportunity. His speech as summarised in Monday's cablegrams, can be described as an attempt to advance without leavjing too far "the middle of the road." He may deploy now to left and now to right, just to prevent other traffic from passing him (as, for instance, a Republican right-hand landau or a third party Left-hand racing machine) but he always has his eye on the middle of the \ thoroughfare. The President has not the faintest intenjtion of bouncing along on a Bluebird, and he is watching the speedometer as well as the chalk-lines. After ally the extraordinarily-prolonged session of Congress has been prolific of numerous Acts. The President has just signed the Banking Act (aimed at transferring power from the New York Reserve Bank Board to the Federal Reserve Bank Board, whose head, Mr. Eccles, does not consider it necessary to balance the budget >every year) and he has also garnered the long-expected Security Act and may soon be .signing the scarcely-expected Neutrality Act, which tries to put a complex problem within cast-iron rules. '■■■/.'-.; .' .'.-;.■ ,■. ■ •'•: •'