Senators Nye and Vandenberg who have been conducting their munitions inquiry in a highly sensational manner felt that the President had wilfully ignore them either because he was displeased that Republicans should obtain so much favourable publicity or Because he did mot wish Certain secrets of the War and Navy Departments to be revealed. They Tnsisted that they would continue with their own inquiry and draft Ealance between lott wing and right ther own legislation. They also wing was very clearly shown in his sought to discredit Mr. Bernard message on "ihe state of the Union" Baruch by suggesting that he delivered in person to Congress on January 4. Mis administration had undertaken "a new order of things" yet at the same time "we progress towards it under the framework and the spirit and intent of the Constitution" Excessive profits were attacked but at the same time insisted the President "we continue to recognize the greater ability of some earn more than other" The unemployed must be taken off the dole fand put to work under a vast national. public works scheme, but the expenditure would be kept "within the sound credit of the government" and pay was to be lower than that La private enterprises, Legislation was foretold abolishing "he evil features of holding companies," and in ithe very next sentence business was promised "the gradual tapering off of the emergency credit activities of the government."
Text read from the printed page and cleaned; old type leaves the occasional error.