JUST STUMBLING ALONG

Hawera Star, Volume LIV, 14 June 1935, Page 8

JUST STUMBLING ALONG

President Roosevelt Has Quick Changes of Policy U.S.A. BUSINESS CONDITIONS WIDESPREAD UNREST (By Telegraph—Presa Association.? AUCKLAND, To-day. Business conditions in the United States of America are extremely confused, according to an Australian commercial man returning by the Mariposa. “No one seems to know what is going to happen next and _ there Jis widespread fear of further industrial trouble, which already existed all o\ er the country, accentuated by recent decisions of the Supreme Court,” he said- „ . These reversals of the N.R.A. nacl produced a bad effect and the whole country seemed to be reeking w it-i dissatisfaction. President Roosevelt 'retained his personal prestige, but the opinion seemed to be general that ho was just stumbling along Quick changes in his policy had 1 had an unsettling effect and present conditions made it easy lor agitators to foment industrial trouble. The State most affected at present was California, where a former Sydney Labour leader, Mr Tom Budges, was prominent. Another traveller commented also on the difficulty of carrying on business if a complete change of policy wcie brought into operation and then scrapped after a short time. Some of these mistakes arose from a natural desire to restore prosperity by short' cuts, which were soon found to be impossible He thought, however, that, conditions had begun to improve; aithough plenty of pessimists were to be found, the traditional American optimism and confidence in their country underlay it.