As an adept hand in managing the press, Franklin Roosevelt knows when to make news, when not to make it. Last week, in the midst of the sharpest U. S. diplomatic crisis since the World War (see col. 2), his cue was not to make it.

For the aftermath of the sinking of the gunboat Panay kept news of the business slump off front pages, even blanketed the defeat of the Wages and Hours Bill (see p. p). If the latter was not inconvenient so far as it reassured business, both kinds of...

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