But since the President announced his five-point new New Deal programme-—crop control, wages and hours oplslation, executive" reor~ ganization, "stronger anti-trust laws and the development of a public electric power programme—the public. has been startied by the reappearance Of a ghost from the dark ages of pre-Roosevelt America, the ghost of 1020, which most people' believed had been ald by virtue of New Deal incanta~ tions, "The President has. frequently chided business for being like a jittery spinster who was continually seeing. things under the bed, but the October spectre was more ' substantial. It shocked and startled oven the New Dealers themselves "The problem which now confronted the President was this. "He had made his plans for the: special session when the general expectation was that thanks to various checks and controls established since 1929 the business chariot would no Tonger swing now high, and swing now low, Should those plans be altered? Should not the changed condition of the patient Tend to some, modification of the Wigime prescribed? Many" of ° the President's advisors, still being very young, must remember an Incident that stirring schoolboy tale "Masterman Ready." Little Tommy, extremely sick, was about to be given 1 dose of castor oil when the sagacious Masterman Ready discovered that 'Tommy's illness was due to swallow= ing' easter all berries, and stopped the dose. Business, many people insist now sick because it has been sub-Jected to too much "reform" and will not be improved by further doses, The President does not accept. this} @iognosis and the castor of bottle must be uncorked during the special session, and business take medicine for ity own good.
Text read from the printed page and cleaned; old type leaves the occasional error.