THE PRESIDENCY: Incubator Miracle

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Promptly the Board of Trade's executive committee chairman rose to say: "It is not a question of the acts and policies of the United States Government, but rather the acts and policies of a temporary administration of the United States Government!" (applause).

*A trade "treaty" to Mr. King, a trade "agreement" to President Roosevelt because under (lie Act passed by Congress in 1934 such "agreements" do not need to be ratified by the U. S. Senate whereas "treaties" (by Constitutional requirement) must be. †Not yet in force because still unratified by Colombia's Senate.

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