SWEEPING DICTATION

Feilding Star, Volume 10, Issue 2977, 11 March 1933, Page 5

SWEEPING DICTATION

By President Roosevelt HIS DRASTIC CHANGES IN BANKING AND FINANCE CONGRESS COMES TO lIEEL PASSES LEGISLATION Sy Telegraph—Press Assn—Gopyright (Augt. and N.Z. Cable) Washington. March 10 Behind the outward drama of an extraordinarily humble Congress today, accepting without quibble or remonstrance sweeping dictation from President Roosevelt Tor drastic change in hanking and finance, was Iho even greater drama of the capitulation of the once strongest, forces in American economic life, namely, the great Conservative bankers and financiers, and the general acceptance and approval of a new order. G EXE RA L APPROVAL Not only almost universally did idle press approve the new Banking Bill, which within 30 hours from its introduction obtained the consent of both I louses of Congress, hut ex-Pre-sideni. Hoover himself, who had been supported for re-election by the chief banking figures of the country against Mr Roosevelt, approved of ihe measure in a statement to-niglit BRTTISII VIEWPOINT FIR STSTEI*COMM EXI>K D London. March 10 Financial writers generally commend President Roosevelt’s plans as a first step