The basic programme of the New Deal has now reached "substantial completion" and business interests compelled by New Deal legislation 10] effect numerous readjustments are to have. the benefit of a. "breathing spell," President Roosevelt wrote to Mr. Roy W. Howard, chairman of the board of the -Scripps-Howard Newspapers and the United Press Associations, in a letter made public at the White House to-day.
The President's letter, dated September 2, was in reply 4 a letter in which Mr. Howard, on August 26, declared that throughout the country. many business men had grown hostile to the New Deal and were frightened by some of the policies of the Roose-vet Administration. Mr. Howard, whose 25 newspapers supported Mr. Roosevelt in the 1982 election, said he intended to continue in support of the President's stated interpreta tion of American liberalism. At the same time, he urged President Roose-elt to clarity his Administration's policies and to "smoke out the sinister forces seeking {0 delude the pub-into believing that the orderly modernization of the system we want, to preserve is revolution in disguise".
In response 40 Mr. Howard's suggestion that many business men desired a "breathing spell for industry and a recess from farther experimentation," President Roosevelt explained how at the beginning of his Administration It had seemed better to achieve the objectives of the New Deal as expeditiously as possible, but he added that "the breathing spell of which you speak is here—very decidedly so."
"It is a source of great satisfaction, the President wrote, "that at this moment conditions are such as. to offer further substantial and widespread recovery. Unemployment is still with us but Is steadily diminishing and efforts to meet its prob-Jems are unflagging. do not claim a magician's wand. I do not claim the Government alone is responsible for the definitely better circumstances. But we all know the very great effect of the saving of banks, of farms, of homes, of the building of public works providing relief for the destitute and. many other direct governmental acts for the Detterment of conditions and we do claim to have helped restore pub-lie confidence, which. now offers a substantial foundation for recovery."
United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.