'The Washington despatch which appeared recently to gloat over President Roosevelt's victory over big' business" based its view ap: parently on the opinions of political observers. That the President has rely been able to command" from bankers and other business magnates more support than was forthcoming. in the days waen the Administration was trying to hack its way through economic salvation "is a distinct probability. "The "effects of erence have not been one-sided. Tf events have been chastening to "big. business", they have also not" been without influence on the regime "trial and error". Tt was all along perceived that a sweeping success int the recent elections might enable Mr. Roosevit to attune his polley. to economic actualities without having to pay such close regard to the Popular fallacies which had to dnd sympathetic treatment in the early movements of the N-RA. Code, It may be questioned whether Mr. Roosevelt would claim that he had been able to dictate terms of sur render to the wicked financiers, more reasonable reading of the situation would lead to the surmise that a compromise has been effected on the basis of a mutual desire for self-preservation. In other words neither side tas' called the tune, but both have agreed that they have to pay the piper, so they must grin together if they are to. bear he burden of the cost of recovery.
Text read from the printed page and cleaned; old type leaves the occasional error.