Foreign News: Crisis of Confidence

• Share

(3 of 3)

Winston Churchill, now a British elder statesman, onetime Chancellor of the Exchequer, Home Secretary, Colonial Secretary and War Secretary, sonorously summed up in London last week the new British view: "The quarrel in which President Roosevelt has become involved with wealth and business may produce results profoundly harmful to the ideals which to him and his people are dear.

"It is surely far better to allow the productive forces of capital and credit to create wealth and abundance and then, by corrective taxation of profits, meet the needs of the weak and poor! Instead, the Washington Administration has waged so ruthless a war on private enterprise that the United States, with none of the perils and burdens of Europe upon it, is actually at the present moment leading the world back into the trough of depression.

"A prosperous United States exerts directly and indirectly an immense beneficent force upon world affairs. Those who are keeping the flag of peace and free government flying in the old world have almost the right to ask that their comrades in the new world should, during these years of exceptional and not diminishing danger, set an example of strength and stability. There is one way above all others in which the United States can aid European democracies. Let her regain and maintain her normal prosperity."