Commerce, today emphasized he was not quarrelling with the President's spending plan but on the other hand favoured "pump priming" as an aid to "several lines of business which id, "I refer to small business and industry" but am opposed to "outright spending where it is unnecessary." He said the nation's biggest problem was relief costs saddled on the employed, While disavowing any Pollyanna intentions, the Secretary said there were evidences that conditions were improving, Urging retention of the principle of the undistributed profits tax which the Senate eliminated and removal of the Senate's modifications of the capital gains tax, President Roosevelt today sent letters to Senator Pat Harrison, Democret of Mississippi, and Mr, Robert L. Dough-ion, Democratic Representative from New York, explaining his stand on the tax bills, "Modifications have shown by experience to be desirable," the President wrote, "Particularly an exempt tion for small corporations should be made. Tne principle (of the undistributed profits tax) is sound and shauled be retained, Senator Harrison said' the "President is entitled to his views" but they do nat coincide "with the overwhelming sentiment in the Senate," The President applauded House provisions of the undistributed profits tax. "Business" he said, "will be helped, not hurt, by these suggestions,"
Text read from the printed page and cleaned; old type leaves the occasional error.
