Business & Finance: Scold

When other methods seem to fail, President Roosevelt likes to send his lieutenants into the land to rally the sagging morale of U. S. businessmen with strong language. First it was Secretary of Commerce Roper, then Donald Richberg who tried to soothe the business jitters by loud strumming on silver-lined harps. Last week President Roosevelt selected as his newest goodwill ambassador Securities & Exchange Chairman Joseph Patrick Kennedy, dispatched him to Manhattan where business gloom is currently thickest. There in an address to 1,200 bankers, brokers and business executives at a luncheon...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!