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on that. The people of this country are home owners by nature. If a man owns a home, he doesn't want to lose it. He'll go to great lengths to keep his home. If he's tided over now with loans, he'll pay them back. You'll have a minimum of losses and your total operation will show no losses and probably some profit.”

The President used to tease him, saying, “Jesse always wants to make a profit. He can't bear it if there isn't a profit, even when it isn't his money.” Then everybody would laugh and Jones goodnaturedly would laugh too.

He'd say, “That's the way it ought to be.”

That desire to make a profit was just a personal characteristic. That was the way he thought about things, that's all.

So far as I could see, all through these years prior to 1940 the President thought well of Jones and Jones was around a lot. He was always very good natured and very amiable. When a matter on which he was being consulted was up, he knew his stuff. Whether he thought it up out of his own head, or whether he had people in his organization - the latter is likely - which could do the thinking, at least he had those people and he knew how to tap their minds. He knew how to listen,