moderate some of the excessive optimism of his New Deal. cham~ pons for permanent recovery is a3 tunlikely to be effected by exclusive reliance on that doctrine as by re~ turn to the complacency of the laissez faire school which even Mr. London has had partly to reject. Another Important. consideration may help to reconcile the defeated party to the President's re-election, view of the critical state of affairs and, perhaps, of the momen-{ous issues now coming forcibly before the statesmen of the world outside, it is exceedingly convenient—to use no more pretentious word that there should be continuity at Washington. Although the period between the election and the assumption of office by the new or re-elected President has been short ened, it still would have been em-during the next' two months. the supreme Government had to remain Jn'a state of suspended animation. President Roosevelt can proceed, with his great task in the confident Knowledge that he has a.fyll term of office awaiting him. It Will, in all human probability, be his final term and he can therefore afford to be more Independent of political anxieties than on the occasion of his election four years ago. He showed himself In 1983. capable of rising to the needs of a great crisis, He may now have the opportunity of showing that he can no less accurately assess the decisions demanded of him in grappling with he possibly even more difficult task of stabilizing the structure hurried ly and experimentally erected during his first term of office. The Roosevelt of the present has shown himself to be a fearless and astute politician. The Roosevelt of the fature will be called upon to prove himself a. patriotic. statesman—no less fearless and astute—it only to pay the debt which he owes to a nation's trust and to, vindicate his Jeadership of a great' and vigorous people, to whom the world to-day looking with special cogency of appeal.
Text read from the printed page and cleaned; old type leaves the occasional error.