Abstract

Editorial Paragraphs
February 20, 1935 issue

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The anomaly of the U.S. National Recovery Administration being administered by a board headed by S. Clay Williams, whose own tobacco industry remained without a code, has finally been corrected. The delay was not due to neglect but to the skilful use of the greatest of all industrial weapons at Washington, obstruction. The U.S. President Franklin Delano Roosevelt's rejection of the proposal to barter 500,000 bales of cotton for German goods may be construed as a clear-cut victory for the internationalist wing of the Administration. Not to be outdone by the half-billion-dollar naval budget, the chief of staff of the U.S. Army has hastened to present a $400,000,000 plan for modernizing their national "defense."

See Also:

UNITED States -- Politics & government -- 1933-1945; PRESIDENTS -- United States; COMMERCIAL policy; NATIONAL security; UNITED States. National Recovery Administration; UNITED States
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