![]() Therefore assumes an extraordinary importance at tenor of his informal addresses while touring the The re- have good cause for their confidence, naturally addĮxamination of public policies and programs which to the distrust that is now rather widely felt concernhas apparently been in progress during recent weeks ing the President's attitude in such matters. Ment in the business and financial situation, and, in ently reliable reports from other quarters, that they Given a reasonable opporthe Administration, and appartunity, produce a substantial measure of improve- more radical wing of May safely be left to take care of themselves. System adopted are mere technicalities that ![]() Is undesirable at this time the details of the Not make the mistake of supposing that bebelieving that the Presiyear and a half,forces have The part of the AdminisThe financial community should therefore The knowledge and apunfortunately weakened byĬommunity and it is also a matter with which Ter of first importance to the whole business The reserves under any plan chosen is a maternmental policies. ![]() Ture and direction of govAgain, the question of the investment of Would make the plan pubchanges in the general nacontributions at all from the beneficiary. Last session of Congress, would require no Naturally hesitates to suplarge measure upon how Tion of the specific plan brought forward inīut there are other important differences Substantial importance attaches to the quesPresident will not consent To more than two per cent of gross receipts,Īny such amount. Something less than one-half of one per cent The cost to business enterprises subjected to Reformers have in the past year or two procoming fiscal year, and ofĭuced dozens of schemes for this purpose. Very little is known as to the particular plan Proval of any such protion's much-heralded "turnĪmong themselves as to costliness and probagram as this would naturble effect upon the business community, and ApThere are, however, many possible unemway to the Administraployment insurance systems, varying widely Ployment insurance legislation this winter. Tainty about the social security plans of theĪdministration is that there will be unemactivity. ![]() The one thing that seems to be a virtual cerPresident in respect to this Ities and curtail its exSome Unemployment Insurance Facts Wished, but none the less assurances, have been given some eight or nine billions of dollars would be approthat the Federal Government would retire from some priated for expenditure upon an undisclosed but veryĮlaborate program of soof its more obnoxious activcalled "work relief." A Hopkins's proposal for the formaances, not so forthright and unequivocal as could be tion of a Federal Work Relief Corporation, for which Growing out of the unemployment situation. Weeks about giving business a chance to show what would therefore be hazardous to undertake any preit can do to solve some of the problems that have diction of the results of the week-end conversations.īy far the most important single matter under conproved too difficult for the Government,such as those ![]() A good deal has been said in recent ability to do the unexpected is well known. With and largely center around what takes place in vouchsafed during recent weeks. Of the business outlook or any helpful chronicle of will do more to clear the atmosphere of uncertaintyĭay-to-day developments having an important bear- than all the abstract assurances of conservatism, offiing upon the course of business affairs, must begin cial, unofficial and semi-official, that have been General what they now are, that any appraisal announcement of the conclusions reached is made, it IT REMAINS true, as it must with conditions in at vital points. The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies. ![]()
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