Wairarapa Daily Times [Established Over 50 Years.] TUESDAY, 1st AUGUST, 1933. THE “BRAIN TRUST.”

Wairarapa Daily Times, 1 August 1933, Page 4

Wairarapa Daily Times [Established Over 50 Years.] TUESDAY, Ist AUGUST, 1933. THE “BRAIN TRUST.”

The American commercial public seems to have become anxious under a rapidly generated dislike of the “brain trust,” and especially with the patent somersaulting of the Washington executive under that influence. Unable to discover any answer to the question—- “ What is this brain trust aiming at?” New York and Chicago papers sought an answer from analysis of the published works of the members of the “trust. ’’ Several of them are Assistant Secretaries of State —Assistant Prime Ministers, as we would say. They completely overshadow the Cabinet. Professor Moley is blamed for the policy of abandoning the gold standard as an advocate of inflation. Another, Professor Tugwell, has declared that he regards capitalism “as in process of evolution into socialised industry.” Leading Democrats in Congress are dismayed at the influence with the President of “experts who either cannot or will not say what they are really seeking to put through.” The “New York Times” was shocked by the bill abrogating the gold-payment clause in Government and private obligations, especially after Mr Roosevelt, during his election campaign, had indignantly scouted the idea of any Government’s repudiating this promise. Again the President suddenly deserted currency stabilisation at the World Confer-

ence after the leading Press of the country had supported Washington’s pre-conference argument that currencies must be stabilised for the sake of international trade. The nervousness now reported is a symptom of rising apprehension in the United States.