James Andrew Moffett, onetime vice president of Standard Oil of New Jersey, is a member of the Roosevelt Administration to whom most businessmen look with rousing hope. The Federal Housing Administrator, who speaks their language, has taken the lead within the Government of rallying chat conservative opinion which believes that sound recovery must wait on private capital, which opposes huge Federal expenditures that put the Government in competition with private business and frighten off the first faint flutters of returning business confidence. The other school of New Deal thought favors spending Federal funds on a grand scale for...
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