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Joseph P Joe Kennedy Sr — Part 5
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Roliage 3 Ootobecr 19 THE MaTiOuaL FEIRLIGIO 4 Newsparcr Byndioate
, wthid = & ‘ Mews Bebind the Weww tudeon Strect
La ‘ 2 a York City
. WASH) 10K
By Ba Tskar nes Oo
LISTESING The inspiration behind President Rocecvelt"s grature of fricndlincas toward
. fasurancc extoutives, bankers and utility heeds fe ewprosed to be Joacph Py cnned ys
Tee former SEC ehairemn ta working the ailifomirce! #ide of the New Dra) strigt.
With the writte: aod @poktn word the redeheaded Boston bey who banked his first
million before he me forty te infecting ala and balm into the commign. He is ate
euwing the “reanomic royaliste” + he framework of the New Deal bas been finished,
amd thet FOR bos mam out of redien) blucprinta, & sfeond tern, it is hinted, would
be devoted nlmost entirely te ironing out the kinks and reeenelling bonking, taxotion
- apd utility lows with rigid reclitics.
While the preeidentic] spokcasto erkrs no specific pledges, be hee thrown out
@uggtetions that FOR ery net opcosc modermte modifisction of the holding company oct,
the undistributed dividmds inw and SEC stctutce, Om erversi srotors there ore signe
thet the "big boys" ere nt lenat “listing” to these overtures.
SPECTLATIVE Demoerntie penetiepushers beve emerged from their mctheartio:l] cubby.
holes with the conoluaion th.t Fresident Reosrvelt en stend c 25 per sent drop from
hie 1952 wote and till win. If the loss is omly 20 per oent, be will sorrcl cimost
aa mony elector] votee4TZewce he did ceninst Herbert Hoover.
The defection, of sourse, sust be fairiy unifora for theee aalqulations to have
eny meaning, But aswuming that the 25 per oent dceertione run fairly cren throughout
the nation, Ur. Roosevelt would turn up on @leetion Sight with approximately 274 clee-
a toral votes, If the out sage to 20 per cent, he would register viotorics in Few York,
. Tilinole and Indians, and therchy boost his eclestoral total to 36¢, On this basis
et encther 100 are in sight. .
Mr. Rocecvelt is guarding oarcfully his own predictions, He has written thr
mmicr of clestoral ballots he expecta ine scaled cnvelepe. Beat info is thet he
{ eounte on a minis of S86 for himself, Although itts entirely apecululive, thie
l figure sugreste that the President ia not ao eure of eertain middle western atetca as ot
Mesers. Furicy and Burjc arg.s
. ween
azarisp The Demoornte! sorcet hecodache ct the moment is te breoket the defrotion
ios respect to closses of wovers, states and tot.la. The difference betwem 2& cod
28 per arnt, poselbly lesa, m.y toll the presidgntic! story.
Thz peopiz yeors age, but who acy murk their
eross for Sovernor Lando:, are divided into five welledefined cond wellercoogniseble
groupe. They ore the Lenccites, Kepubliern wets who pluzped for repel mther thon
Mr, Roosevelt, Republiciné who were diseusted with Herbert Eocwerta perconriity tad
Policics, Jcffersonirn Democrte, -nd folk wno feel tht the G,U,f. kucas how to
bendle prosperity onee we get lt, dg.iret this corey the Temoerte own orray such por
plelenxce se labor, the oolored woters, WToealARaS WA benecfioiarics, young voters ond
& pokities] orgiatertion bulwrrked by jobs,
whe voted for lr. Reasevelt four y
New De-] enlculrtora ineist th t the hove the eder in pereentages=sth*t more
than 25 per cent of his 1932 following will not desert the President, But the truth
de thet there we so eomy “Anvcnientles” in this election nobody oon fievre it oute
The deat kept recorts don"t count for much these dnyee-a the politicos rdmit privrte
« Proat)
, f-ceivg The plobe elreling proce betoten two Areriesn reporters hirhlirhtes the fost
thos three re tions lend the worga in tee vevedujecns of ovmmerei. avinticn, They 4
wi the United Streteca, Cersnry erd Velired, The | i+
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