Mr. Altschul, senior partner of Lazard Frères, feels with Mrs. Lindbergh that drastic social and economic reforms are called for, but unlike her he wants them effected by strengthening democratic processes and ideals, not by surrendering supinely to the new barbarism. Mr. Altschul believes that the salvation of sanity and decency lies with the moderates and he calls upon all who belong to that way of thinking to rally behind President Roosevelt.