The Barnwell people-sentinel. (Barnwell, S.C.) 1925-current, January 17, 1935, Image 2
News Review of Current
Events the World OvOr
President Roosevelt Tells Congress of his Great Work
Relief Plan—Designed to Supplant the _ v
Downright Dole.
By EDWARD W. PICKARD
® by Wattern Newspaper Union.
President
Roosevelt
PRESIDENT ROOSEVELT in his
* inessHfre f6 congress, delivered in
person at a Joint session, offered the
Inw-mnkers a "new and greatly en
larged plan” of work
relief. He did not esti
mate Its cost.i but as
serted that the system
of outright doles
should be dropped and
the government should
undertake projects of
slum clearance, grade
crossing elimination
and other public works
that would give era-,
ployment to about IV
500,000 persons’ now
without Jobs. The fig
ures to lie proposed' for this were re
served for his budget message, but he
assured congress that they would be
“within the sound credit of the gov
ernment.”
Roosevelt declared the gains
maue Tir the year 11W4 were greater
than the losses and expressed “a
strong ho|>e In the coming year.” He
reasserted his belief in the “profit mo
tive" but uttered a warning against
wealth “which, through excessive prof
its, creates undue private power over
private affairs, and, to ppr misfortune,
over public affairs as well.” This, nat
urally, was taken ns applying espe
dally to the public service Interests,
which have been so apprehensive of
the administration's intentions.
As for a legislative program, the
“resident made no attempt to outline
one, but he did promise that definite
legislation soon would l>e proposed cov
ering old age and unemployment in
surance, benefits for children and
mothers, and other features of his so
cial security plans.
He declared the nation was making
headway toward the "new order," but
under the framework of the Constitu
tion, and he spoke of the Increased In
dustrial activity, benefits to agriculture
and profits to merchants that have
been realized. Then came this stern
warning:
"Let him who, for speculative profit
or partisan purpose, without Just war
rant would seel, to disturb or dispel
msffSStrnrn^TfiWireed'TjereTe'Treaa
sumes responsibility for any act
which slows our onward steps."
The President reported an unsettled
condition In the foreign field, with the
resurrection of old Jealousies and pas
sions and new strivings for armament
and power In more than one land, add
ing:
“There Is no ground for apprehen
sion that our relations with any na
tion will be otherwise than-peaceful.”
Discussing the-matters that will be
brought before congress for action, Mr.
Roosevelt said: .
“Among the subjects that lie imme
diately before us are the consolidation
of federal regulatory administration
over all forms of transportation, the
renewal and clarification of the gen
eral purposes of the national Indus
trial recovery act, '.he strengthening
of our facilities for the prevention, de
tection and treatment of crime and
criminals, the restoration of sound con
ditions in the public utilities field
through abolition of the evil features,
of holding companies, the gradual ta
penng off of the emergency credit ac
tivities of government, and Improve
ment in our taxation forms and
methods.
"We have already begun to feel the
bracing effect upon bur economic sys
t*ffu of a restored agriculture.
“Th^ hundreds of millions of addttfon-
al Incohig that farmers are receiving
Is findlng^Mts* way Into the channels
of trade. \
“The farmersNshare of the national
income is slowly rising. The economic
facts Justify the widespread opinion
of those engaged in agriculture that
our provision for malntainTog".* Eai-"
anced production gave at this time the
most adequate remedy 'for an old and
vexing problem.
“For the present and especially in |
view of abnormal world conditions, ng
rlculturai ndJwstnfPnt with certain nec
essary Improvements In methods
should continue.”
T HE Seventy-fourth congress, elect
ed on the sole Issue of support of
the New Deal, began its dirst session
on the dot and devoted Its first day
to the organization of
the two houses and
the swearing ' in of
new f members. The
lawmakers assembled
in the Capitol were 1
serious looking lot.
and with reason, for
they have on their
hands a big Job, that
of making the New
Deal permanent; and
In the doing of It they *'
must solve some of
the most perplexing
problems that our national legislators
ever have faced. It would seem that
the Democrats will have no trouble in,
passing -any legislation they wish, for
they have an overpowering majority.
In the senate are 69 Democrats and
only 25 Republicans, plus one Progret-
aire—Robert li. La Toilette—and one
Farmer-Laborlte— Henrik Shlpstead
The house Is comprised of 322 Demo
crats, 102 Republicans, rfeven Progres
sives and three Farmer-Laborltes. The
administration Democrats do not an
ticipate any trouble from the Repub
licans; it Is from the radical mem
bers of their own party that their
woes are likely to come; and the help
of the Republicans may be necessary
to curb those left wingers The ma
jority leaders In both houses can be
counted on to hold the radicals under
a tight rein If that la possible.
In the speaker's chair sits Joseph T.
Byrns, chosen unanimously by hls fel
low Democrats. He Is too much of
a compromiser to suit many of them,
but Is now tied to the administration,
which declined to oppose his election.
John H. Bankhead of Alabama, like
Byrns one of the old school, won the
leadership of the house after a brief
struggle. Senator Joseph Robinson of
Arkansas was re elected majority lead
er of the senate, and Senator Lewis of
Illinois continues as whip.
In their pre-session caucus the Dem
ocrats voted to reduce materially the
Republican representation on house
committees, and decided to abrogate
the 145 rule for discharging a com
mittee and bringing a bill to vote with
in a week. The number now required
for this action Is 218. This latter ac
tion will provide another restriction
on the radicals.
T WO thousand eight hundred bills
were Introduced and referred to
committees .on the first day of the
new congress. Number 1, handed In
by Representative Wright Patman of
Texas, provides for the payment of
the adjusted service certificates of vet
erans Immediately In cash, through the
issuance of greenbacks. Patman and
other supporters of this plan call it
“controlled Inflation.”
Lemke of North Dakota, Republican,
Introduced a measure for the liquida
tion and re-financing of agricultural
indebtedness. The liquidation would
be carried out at a reduced rate of
Interest, according to the bill, by es
tablishing an efficient credit system,
through the use nf floral farm
loan aqd federal reserve hahTcTng sys-~
terns, Lemke also provided for the
creation of a board of agriculture to
supervise the program.
Continuance of the HOLC was pro
posed by several congressmen. The
bond issue of this agency would be In
creased anywhere from one billion to
four and a half billion dollars In the
various bills Introduced on the sub
ject.
A 100 per cent payoff for depositors
whose funds are tied up In trust com
panies was sought In two bills written
by Representative Clarence J. McLeod
ofxMichigan.
Many bills were Introduced providing
unemployment and old age insurance.
Senator
Vandenberg
S ENATOR VANDENBERO of Mich
Igan, liberal Republican, says ha
will introduce In the aenate a bill do-
aigned to take the Poet Office depart
ment out of politica.
The measure be baa
drafted would put all
poatmastera and pov-
tal officials, except the
poatmaater general,
under the civil aerv-
Ice, and in the giving
out of Jobs the post
office employees would
have the preference.
Senator Vaudenherg
has been persistently
demanding that Post
master General Far
ley either resign from the cabinet or
give up hla chairmanship of the Demo
cratic national committee. In line
with this hla bill would prohibit the
postmaster general from holding any
politica] office.
By taking politica out of the de
partment and establishing a career
service, Vandenberg said, “the pave
ment-pounding letter carriers may look
forward to ultimate graduation to the
high post of first assistant postmaster
general.”
“Under .this bill,” he added, “politics
and postal affairs at -last are sep
arated as far as is* possible In a
democracy. All local postmasters are
put squarely under civil service with
emphatic and effective priorities given
to the 'postal grays’ themselves.
“Existing postmasters are permitted
to serve out their present commissions.
Thereupon the vacancies are filled by
promotion from the service ranks.
Only in the event that no such person
Is available—and we anticipate that
this contingency would not arise other
than In some of the smallest offices—
can the vacancy be filled otherwise
than by promotion.”
O NE of the most serious Issues that
will confront congress is the bat
tle between business and Industry on
one side and organized labor on the
other, especially over the thirty-hour
work week. The American Federation
of Labor Is committed to this proposi
tion, and to the retention of the col
lective bargaining provisions of the
NRA act Big business, as represented
BRISBANE
THIS VEEK
A Long Swim
Money Flow* West ,
$5 for $3.39
Not So Barren
The new year, 1935, latest contribu
tion of Father Time v to the long chain
of beads called “eternity,” is here,
and we are In it
We shall continne to read opinions
and rumors, plans and [gritldsm of
plana, In our alow progress to pros
perity’s shore It Is a long swim when
you are thrown overboard in the mid
dle of Lake Superior. This country
was thrown overboard In another lake
of superior prosperity and unlimited
expectations back In 1929. \
6
National Topic* Interpreted
by William fenickart
Farmers, newspapers devoted to the
farmers’ Interest big bankers of .the
East are Interested In the fact that
the money tide that for so long flowed
from producers In the West to accum
ulators in the East, is now flowing In
the other direction.
The money tide goes out toward the
farms of wheat raisers and stock, in
the West and Middle West, and to the
cptton farmers in the South. It Is ag
though the Great Lakes had been tilt
ed upward at the eastern end, and the
waters sent rushing toward the Rocky
mountains.
The tide will not flow long In that
western direction, probably. Men that
have the mortgages and collect the in
terest accumulate the money, in the
long run.
Long ago, a man wagered that hs
would stand on London bridge offer
ing genuine gold sovereigns for a shill
ing each and find few takers. The
gold sovereigns were genuine, but no
body would buy. Mel Smith, a circus
official called “Lucky” Smith, bet that
Los Angeles citizens would refuse to
buy genuine $5 bills for $3.39. Hun
dreds walked by, looked at the genu
ine bills. Some cried “Fake!” Only
two purchased. “Lucky” Smith won
t $100 wager.
by the Chamber of Comerce of the J .vv uju
United states and the National Menu- 1 “""r ^rtoans "»t> hey had been
faeturers’ association, ta opposed to , * s j U k ' ptlcal ,t,out < * rtaln 8tock b,ck
the thirty-hour week, and now has the “ *
support from the Brookings Institution.
It also' seeks the separation of labor ,
The distinguished Georg*. W.. Rus-
bargalning and practice codes In the Ireland, who signs hls waitings
reorganization of the NRA. The open- !-‘ 4AE . ,, * a ys. “I am always struck by
Ing shot In this battle is the Intro- t* 16 terrible barrenness of rural life
ductlon by Senator Hugo L. Black of !n America.” He thinks we must “find
Alabama of hls thirty-hour work week someway to enrich it,” and if we don’t,
hill, which at present has not the sup- i **then the disease which destroyed an-
port of the administration. dent Italy will eat Into America. You
will no longer feed yourselves, and
you will be struck with palsy of bread
jy^MOCRATS -of--Rhode Island sur- ar T<i circuses.
U prised themselves and everyone Mr. Russell may And greater rich-
else by gaining control of both houses ness in Irish farmhouses, but It is a
of the state general assembly when a ^ Richness of the character and of the
senate committee recounted the ballots mind, not of surroundings. There is
from Portsmouth and South Kingston little barrenness about, other than in-
and declared two Democrats had been tellectual, In our rural life with its
elected to the senate Instead of the automobile, ra(Uo, moving .pictures
two Republicans who had been certified within easy reach, rural delivery, por-
as winners by the state returning celaln bath tubs, mail order cata-
board. The Democratic legislators Im- Jogues, prayer meetings, revivals, an-
wnedintely organized the assembly, nual circus, the public library, soon
ousted the supreme court members, rea ched by automobile.
abolished the state appointed board of
public safety and passed a reorganiza
tion bill to consolidate more than 80
agencies Into 11 state departments.
PRESIDENT ROOSEVELT .did not
* wait for the opening of congress
to start his fight against immediate
payment of the veferahs' bonus. The
commander of a Legion post In Texas
wrote him for information on the mat
ter and Mr. Roosevelt replled'Xt length,
detailing his reasons for opposing the
payment. He argued that the obliga
tion is not immediately due; that of
3,.WOOD certificates outstanding, 3.038,-
500 veterans have borrowed $1,000,000,-
000, or “more than the present worth
of their bonus certificates,!’ and that
when the veterans borrowe^SO per cent
of the face value of the certificates in
1031 they used the funds to discharge
their debts.
Tills last.point, according to Na'tiou
a) Commander Belgrauo of the Ameri
can Legion, is one of the strongest ar
guments for immediate payment of the
adjusted service certificates. ' 8 -
‘The foUIidatfon of good business
is good credit," said Commander Bel
grade. "Ihe money due veterans
wyuld be used to satisfy bills at the
corner grocery, would help pay rents
that are long past due and would go
to bard pressed merchants to discharge
the accounts of, harder pressed, vet
erans." ,
Speaker {Jyrns admitted that the
casli bonus bill would pass the house
"because, there Is no opposition to it
there," Rut be added that If the meas
ure is finally enacted the administra
tion will insist on some additional tax
ation to meet the estimated $2,OUO,OOU,-
000 expenditure. It Is believed the
senate also will pass the bill, but lead
ers doubt Its passage by congress
over the Presidential veto. .
I F LOUISIANA wants any more pub
lic works money from the adminis
tration, It must “clarify” some of the
new laws which Its legislature has
phased at the beheat of Senator Huey
P. Long. Tbia la the gist of a letter
sent -to Gov. O. K. Allen by Prealdenf
Rooaevelt, and the t’klngflab” la. not
pleased by It He told the reporters
be would make hie reply on the floor of
the senate* at the first opportunity.
The President’s warning applied espe
cially to the Louisiana moratorium law
pawed in November. Since Its enact
ment the PWA has held up payment*
on about 60 lioulslana projects .
F oreign minister pierre la-
VAL Is carrying out successfully the
work begun by his murdered predeces
sor, Barthou, to bring France and
Italy into friendly accord for the set-
Next summer our ships of war, “ven
turing almost to Oriental waters,” will
engage in far-flung war games cover
ing more than 5,000,000 square miles
of the Pacific ocean. '
How Interesting that will, be, and
how rapidly those ships would come
running home to -hide away in port If
a few large bombing planes should
tlement of all the conflicts that have , ^ . ... ™ L ^
arisen between those nations since the sal fr f m AS . ,a ’ fr ° m T 0ky0 wL
World war. The agreement. It is be- I * ia 8 Vladivostok, over those 5,000,000
lleved. will also Insure peace In the I 8< l uare mi,es of the Paclfic - and dro P
Balkans. After a week of lively ne
gotiations It was announced that M.
Laval woul^go to Rome “to have Im
portant conversations with Premier
Mussolini on questions which Interest
the two countries and on international
politics^ and to conclude conversations
which have beeh going on between
the two countries.’’X
W ITH remarkable celerity the Jury
In the Hauptmann trial was se
lected, consisting of eight men and
four women, and Attorney General
Wllentz set. forth-vthe State’s case
agaihst the Bronx carpenter who Is
accused of kidnaping and murdering What would happen If Byrd should
the baby son of (’olonel Lindbergh.
The colonel and Mrs. Lindbergh were
present, and they and Betty Gow, the
child’s^ nurse, were among the early
witnesses. On behalf of the state the
attorney general demanded the penal
ty of first degree murder.
I N 1933 the James E. Sullivan memo
rial trophy, awarded to the athlete
contributing the most to the cause
of amateur athletics during the year,
was missed by Bill Bonthron of Prince
ton by Just ,one vote and was giveu
to Glenn Cunningham. Now it is In
Bill’s possession as the result of bis
great toot-racing campaign during
1934, in the course of which he estab
lished a world record for 1,500 meters
and beat Cunningham In three out of
five races.
lo the nationwide ballot, conducted
by A. A. U., Bonthron led In the pre
liminary voting and then piled up 1,072
^dtes In the final*u$t after.the field bad
been cut to seven. Benjamin 1l. East
man. former Stanford track star, ran
second with 929 and then came Ralph
Metcalfe, Marquette universlty’i negro
sprinter, with 413, and Glen Hardin,
Louisiana State university, with 285.
Three swimmers trailed the track
men. Lenore Eight of fcjomestead, Pa n
received 262 votes; Jack Med lea of
Seattle, 169, and Katherlna Bawls,
explosive bombs and poison gas bombs
on the battleships!
Geological explorers from the Byrd
expedition, near the South pole, report
important veins of mineral quartz, dis
covered in mountains along the coast
of Marie Byrd Land.
If the geologists should bring back
actual samples rich In gold, bow quick
ly men would find a way to reach those
mountains, how Indifferent to death
they weuld be in the effort to get
there! r .
We' have piled up in Washington
already $8,000,000,000 worth of gold.
——
discovermountain containing $1,000,-
000,000,000 in gold? That would be
overdoing it, for instantly our $8,000,-
000,000 in gold would shrink In value
to almost nothing, and the gold metal
would be only metal, not precious.
In Kansas aterrtfle dust storm, hid
ing the sun, suggests that the Agri
cultural department help farmers by
developing some temporary covercrop
that could be sown on wheat and corn
fields when the crops come off, a nitro
gen-fixing plant if possible. It'would
protect dusty surfaces from high winds
and be plowed under, contributing
humus, before the next planting.
In the Northwest, farmers have used
the “duckfoot” cultivator, which cuts
a path 60 feet wide, going throogh the
roots of weeds and not destroying the
protection of the stubble from wind
and the washing of heavy rains.
A wise moQj) of earlier days waat
•When in doubt refrain.” 1
In Russia and other countries where
the will of one takes the place of alow
decisions by the majority, the maxln
reads: ^ -—.
“When In doubt,shoot”
Moscow reports 14 more executed
to aVenge the killing of Sergei Kirov,
making 1l¥ Uvea taken to expiate that
Washington.—It will be remembered
that prior to America’s entrance Into
the World war, the
Watchful then President Wood-
Waiting row Wilson pursued
an announced policy
of “watchful waiting.” Mr. Wilson
justified that policy on the high plane
of a love for peace and the country
supported him iu thaf decision.
We are seeing a simulation of that
^course at present although the coun
try is at peace and not at war. The
policy of watchful waiting, adopted by
President Roosevelt, has reference not
International relations but to do
mestic Uffatrs. To be specific, It "i©'
lates solely to the political situation
Id the new congress. The Presidentds
confronted, as everyone knows, with
a huge bloc of extremely radical mem
bers in the house and senate and he
has his hands full in compelling the
congress to rubber stamp administra
tion legislation.
Recent developments, White House
pronouncements and other straws tend
ing to show which way the,wind blows
indicate definitely that ifr. Roosevelt
is going to avoid open clashes as far as
possible. He is not going to test the
mettle of the radical group too far
without being sure of his ground.
Therefore, we may expect to see
considerable delay in enactment of
new banking legislation and in dealing
with highly controversial questions
centering in section 7 (a) of the na
tional recovery act Likewise, there
will be hesitancy on the part of the
administration to push forward a pro
gram of revision for the Agricultural
adjustment administration and the
policy of waiting may be expected to
be disclosed In some other phases of
legislation such as the unemployment
Insurance scheme.
I do not mean to convey the Impres
sion that there will be an entire ab
sence of bills—some of them already
are In the congressional hopper—deal
ing with these various questions. But
definitely, It can be said at this time
that the White House Is watching con
gressional developments to determine
Just how far to the radical side It
must -go in order to avoid a wide open
spilt between the ultra-radicals and
the New Deal contingent. Just where
the conservatives will figure In this
picture Is yet too early to determine
except that certainly they can prove
themselves to . he. thorns In.. .the kidea
of .tire Democratic lenders at most in
opportune times.
• • •
To better indicate problems con
fronting the President with respect to
his relationship with
Toughest of congress, it Is neces-
Quettions sary only to call at
tention to that most
controversial of all questions—section
7 (a) of the recovery act. This pro
vision has had numerous Interpreta
tions placed upon it and its effect
generally has been to assist the inter-
national^unions in strengthening their
organizations throughout American In
dustry. Section 7. (a) specifies, - in'ef
fect, tlfat the" union in any factory
having the most votes speaks for all
of the employees in their dealings with
the plant management. This provision
Is what the American Federation of
Labor describes as collective bargain
ing. It has resulted In many cases in
disruption of the so-called company
unions, organization^ having no affilia
tion with any other union but usually
fostered by the corporation of which
the workers are employees.
The consensus among unbiased ob
servers here seems to be that the Fed
eration of Labor overplayed its hand
last winter In enforcing such a far-
reaching interpretation of section 7 (if)
as to give the larger union the’voice
of all employees. At that time,NRA,
with Donald R. Richberg guiding the
policy, 'Tomrriltted Itself definitely in
favor of such a construction. Current
developments are generally accepted
as showing that either the NRA admin
istration or union labor failed to look
far ehdugh Tfito the Ftftiire" to foresee
the reaction that Is now taking place
As a matter of fact, tremendous pres
sure Is being exerted on Individual
members of the house and -senate for
a revision of this Section, and some
thing will come of It before congress
adjourns. Of course, when nnlon la
bor acts is concert, it usually turns
the gizzards of politicians very white
from fear, but In the present .instance,
the politicians are torn between the
devil and the deep blue sea.
Industrialists after all, are the boys
who usually contribute to campaign
funds. The politicians do^not dare
Ignore that segment of political
strength, either. Consequently, it is
apparent now that there will be an at
tempt to rewrite section 7 (a) In a
manner that will eliminate Us ambigu
ities and take away from Mr. Richberg,
ndw the policy director of NRA, the
authority to do so much interpreting.
‘ At the same time, the President has
a problem of some consequence on hls
hands In the AAA.
Another Cheater Davla, the
Problem administrator, is gen
erally -regarde
among Washington observers as a maif
with both feet on ^the ground. Such
la not their ▼lew, however, with respect
to some of the other individuals in tha
department
Taka H.R. Tolley, for example. Mr.
Tolley has the title of director of plan-
nlng for the Agricultural Adjustment
administration. Hls relationship with
Mr. Davis is almost identical with that
between Undersecretary Rexford Guy
Tugwell and Secretary Wallace of the
Departnient of Agriculture. Mr. Davla
la known to lean upon Mr. Tolley, but
Tolley and Professor Tugwell do not
always see eye to eye. So there is a
personnel problem that may or may
not become acute.
But aS regards the congressional sit
uation Mr. Tolley carries much more
water on hls shoulders than does Pro
fessor Tugwell. Readers will recall ef--
rtr made in the last session of eon-
gress to "strengthen” the agricultural
adjustment act. Professor Tugwell
supported those amendments and, hav
ing his head out of water, he became
the target Actually, the best infor
mation available is that while the voice
was that of Tugwell, the hand was the
hand of Tolley.
The common gossip now Is that Mr.
Tolley is presenting, rather preparing,
proposals for “strengthening” the act
and that he has not taken Mr. Tugwell
Into his plans. This being true, the
suggestion Is frequently'heard that Mr.
Tolley may commit the administration
In certain directions toward regimen
tation of the farmers to an extent
which Mr. Roosevelt does not de
sire to go.
Mr. Tolley is said to favor inclusion
of the fruit and berry and specialty
crops under federal control. This la
believed to come from his California
background, but regardless of its root
it must be admitted its sponsbr is mak
ing headway with the plans.
None can tell, however, until the de
tails of the Tolley program fire out in
the open exactly what congressional
reaction will be. Suffice it to say at
this time that there are numerous Dem
ocrats, important Democrats at that,
who do not go along with Tolley oi
with Tugwell, and the prediction la
frequently made th^ Tolley’s name
may receive treatment as rough In con
gressional debate as did the name of
Professor Tugwell last winter.
• • •
With respect to banking legislation
radicals and conservatives likewise
are at each other’s
Banking throats, only this
Legislation has become bit
ter already. Oover
UfirJEccles of the Federal Reserve
'
hoard has been made the target bf ft “
vicious attack by Senator Glass of Vir
ginia, recognized everywhere as the
outstanding financial authority among
Democrats at the Capitol. Senator
Glass openly charged Governor Ec-
cles with exceeding his authority in
a recent rifling requiring state bank!
that are not members of the Federal
Reserve board to reduce ..their—in
terest rate paid on time and sav- '
ings deposits. These banks wer*
reached through the Federal Deposit
Insurance corporation of which they
are members and with whose regula.
tions they must comply. The Virginia
senator holds that the Federal Re
serve board, under the guidance of
Governor Eccles was responsible for
this action and he was not careful in
tearing off the bark in a letter stating
his views. Senator Glass has forced
a temporary halt in the order.
While the Eccles-Glass row may be
regarded as purely a controversy be
tween two Individuals In positions of
high authority, It is much more than
that. It presages trouble on any bank
ing legislation that goes farther afield
than has occurred heretofore because
Senator Glass is an unequivocal fight
er for retention of the independence
of the Federal Reserve system from
treasury domination. ycr
* It Is -not difficult to see why Sena
tor Glass fears such policy as the Jp-
terest rate reduction, fie thinks that
the Federal Deposit Insurance cor
poration already has been figuratively
swallowed by the treasury and he be
lieves that the administration also de
sires the treasury to swallow the Fed
eral Reserve hoard. The next togtefil
step If the v latter is accomplished, la
for the treasury to seek establishment
of a central bank where the currency
would be under control of politicians
Instead of responsive to business
needs as It Is now with the twelve re
glonal Federal Reserve banks In op
eration. ^ .
• • •
Too much attention should not be
paid, In the opinion of astute' observ-
ers here, to the mass
Radical of radical bills now
Bills flowing through the
routine channels of*
Introduction and reference to commit
tees. , Some of them, it is true, will be
come the basis of legislation later on
but every hguse member or senatof
with an idea drafts it Into tlie form
of a bill and presents It In order that
at sometime or other hls name miy
be attached to the legislation. But II
must be remembered that with the
radical strength existing in both
houses of congress some of these bill*
may get farther through the legisla
tive mill than they ordinarily would
reach. This fact apparently Justifle*
Mr. Roosevelt’s waiting policy. Bui
ft the same time, i hear. It is subject
ing the administration to a fresh out
burst of criticism among that segment
at the population which would like t#
know what the administration pol
icy is. * \
Q, WwUra NMrap&psr Union.
- *