After Mr. Roosevelt had started the re-organization of the NRA rolling along last night under two bodies and numerous aides, he said a few words to the Herald-Tribune Conference. While the country is waiting for meat in his speech on Sunday evening over the radio, there were one or two rather interesting features in last night's talk.

Everyone is waiting for some definite reassurance from the President which has not been forthcoming. The resignation of General Johnson and the growing importance of Richberg in the NRA has aroused more intensely vague fears which many have held during the last month or two that Mr. Roosevelt threw no oil on the troubled waters. He showed a distinct inclination, however, to pass off most of this criticism as vague rumor which no one should believe. He did say that it was valuable for the people of the country to think but he did not assuage their suspicious by one definite statement.

It is certain that last night's speech will not allay fears. If Mr. Roosevelt does not do it Sunday, business will become more certain that he is swinging to the left. The sniping of which he complains will develop into a fusillade. Thus it would be wise if he gives definite indication of what he intends to do. A conservative tone may enable business to benefit from the world recovery which is underway. A radical toss will at least let them know what he is doing and a definite program will show the country what to expect. His big job Sunday is to restore, confidence by revealing what is in his mind.