Show SEEN HEARD around round tr the National Capital fe- fe By 13 CARTER FIELD The n. n The que question of new nl taxes often hinted though never given giten much official notice Is U right on top of the heap again n as a result of the bonus situation Every one on the Inside In Washington Washing Washing- ton Ion providing his vision was as not dis by what hat he wanted Instead of what cold reason would demonstrate has known for some BOrne time that some IOme form of bonus legislation would pass and ana that Its passage unless the whole Roosevelt formula was to be set sH aside would necessitate additional taxes In the residents resident's lents lent's mind the bonus Is la on all fours tours with the cotton proof process ss- ss log Ing tax Where would the money come from from hI his question to New lew England and southern lOuthern demands for repeal of the cotton tax tar applies equally to the drain on the treasury that a bonus compromise would make The only change In the situation Is that the probability now Is II the compromise com corn promise e will result In taking several everal hundred million dollars more out of the treasury than had bad lJ then been en figured up to a few weeks ago For Por example It has been known for some time that despite the residents Presidents views about the bonu bonus he would be glad Jad to o compromise compromise com com- promise for something like 1 But Dut the pr prospect pert toda today 1 Is that It will take at least f t to J turn tun the trick Incidentally lh the President put a s powerful lever In the th hands of the bonus honus advocates In In Insisting on a larger amount when he discussed that Idea of 50 00 Invested now In a govern govern- went ment bond amounting to 1000 by 1915 9 If he be had used the legal bauk bank rate of Interest 0 6 per cent In to calculating cal cat the present value of the bonus bonns certificates he could have ha said 00 Actually a little le lees s. s Low Interest Rates It Is the first time that the UH low Interest rates the government has lino been moving heaven and earth arU to bring about have hare worked against the treasury treasury treas treas- ury Instead of ot for Cor It II Over a stretch of ot ten YI years rs a difference of 1 per percent percent cent In Interest makes a n great deal of difference Especially If the Interest Is compounded as It Is In the Illustration tion the President used The sixth grade u used ed to tell us that money at I 5 per cent doubles Itself In 12 years compounded e It Is not definitely known just what the a administration will recommend In Inthe Inthe inthe the way of new taxes Congress leans heavily to heavy Inheritance taxes This Tills fits In with the Roosevelt policy of whittling away at Inherited fortunes for for- tunes It Is In In tune with heavy Income Income income In In- come taxes reduced Interest on In Investments Investments In- In vestments smaller profits for business etc In fact It Is almost a necessary par part of New ew Deal philosophy For granted that the Roosevelt noose elt program for small profits etc would woul work the whole tendency would be to freeze existing conditions preventing an any new fortunes fortunes for for- tunes from being created but by the safety safely thrown around existing enterprises enterprises enter enter- tending also to preserve existIng existing existing exist exist- ing fortunes A Assuming they were big enough to stand losses In certain directions utility utility earnings for example So It appears likely that heavier Inheritance Inheritance In In- taxes will be nie of the surest t factors In the tile new tax pro Iro program gram grain Under consideration nUo though h with no nn formal ble blessing as yet et from Crom the White House Is the proposed tax on life UC Insurance premiums premium This would be 1 per cent but would 1 be pali paid by the companies 11 direct 1 Polity Policy holders hold ers ere of course conre would really pay It for tor their and policy reductions would naturally be less There Is plenty plent of political dynamite In this one Even r more protests would be 11 e caused canse by another tax under con consideration by bythe bythe the treasury experts This would reduce reduce reduce re re- duce the present exemption of 40 ecu cent centon on movie admissions to 10 to cents IReal I IReal Real Drive Possible If It three thousand farmers Just happen happen harpen hap har- pen to deride to pay n a visit to Wa Wash Wash- h hIngton In Ington inton ton enjoy the sights tell teU congress to pass the tile Agricultural Adjustment administration amendments and listen President with no noor to a 11 speech by the or organization to stir them up rap no nn one oneto oneto to 10 pay their expenses the expenses the whole thing Just out of a Line blie sky ky so tn to speak speak- what may happen when hell there Is really really real real- ly Iy a Washington may see the answer For or sooner or r later laler there Is Ii going to tobe tobe tobe be a 8 serious move more to 10 red reduce u I or maybe Already Al AI eliminate these benefit payments ready there Is a strong stron conviction conviction- getting reinforcements reInforcements reinforcements re re- and those who hold It are get the all the that tune whole system of benefits Is wrong Wrong In that In the Ion long run It Is no noa not nota a good thing for the farmers them selves Then there Is another large lare group the who want to curtail or eliminate entirely different rea ru benefits for Cor an does dolS not think the son aon This group stand the strain Indell treasury can It another wa way that tha Or to put the taxpayers for tor the tho benefits are taxes canno cannot paid pall out oot of processing stand the strain together and yon rOD Put the two groups fair nucleus It would have a pretty prett augmenting sa say nex next much not tale take congress majority In congress a to have year rear curtailment If not t elimination for would be a real l march there Then e by bj the embattled on Washington farmers Those Those who ho have hatEl considered d h the l' l that It I is Ii J very un whole problem m say likely ly prior to 10 election They say sar A the lent would 11 nc never er dare to attempt to o cut off the farmers farmers' payments until the lile he re reelection Is safely achieved That naturally U is Just opinion It Its Is s the ordinary mental process ce I of f a II politician one one who ho knows s that FrankIn Frank rank Un nn In 1 D D. D Is also a politician and 11 who abo bo cannot e his doing icing anything any any- thing so to impolitic as kicking a lot tot of perfectly J good voters In the face Just Juston on the eve of ot their going to the polls Doubtful Logic They may be he right and they may y be he wrong Inong But u tt was al the name sort lort ot of logic ogle that led many allegedly lI minds to a assume ume that that the Pre President would not Dot veto Teto the bonus bilL sill Including lIue Long Including Father Coughlin Cou Including many others So that maybe mayle this logic cannot cannot cannot can can- not be taken at Its full face value It might be he said that the Ille two things are very different That vetoing a s bonus bill never yet jet has bas hurt a Pre l. l dent It certainly did not hurt Coolidge Cool Cool- idge There Is le grave doubt that It If hurt hure Hoover lr although dl difficult to prove Most veterans who happen also to 10 be politicians will tell you privately that Hoover was hurt a great deal more by his hI handling of the bonus than by his veto Teto of the bonus bill But nut the present situation presents the tile sort eort of thing that hiss has seldom l been tested It Is not a ease case of refusing to try a scheme about which there Is violent of or opinion such as liS the equalization fee fre Idea of the Ale Me- Nary hangers bill It Is a ca case e of cutting cut ting ding oft money monel payments which were already being received by a 1 large class And that might be different I DiET Different erent Story Lots of water has flowed ld downstream since the good old days when lIln both house and senate rushed through the administrations administration's security and stock tock exchange regulation bill That measure mens meas- ure url drafted by two of Felix FeUx Frankfurters Frank Frank- furler's furter's boys Cohen and LandIs was put through In th the early arly days days when when President elt's e wishes did dill not have to be expressed by hy the king Ing himself him self to become law The word of an any of his ministers Y Ir br r his lieutenants n was enough nough And e everybody knew that Frankfurters Frankfurter's boys hos were close to tb the tha throne But Dut what bat a n different story now I Which does es not mean the bonus th bonus that t always was outside the ordinary orbit of administration material Nor lor the World court Nor or the St St. Lawrence sea n If and when It comes up No the difference shows hows up op on Ju just t the ordinary run of cf the IIII mine so t to speak legislation And the lire answer Is two fold Cold First the legislators alors on Capitol Hill nm ha have VI discovered that the tile kings king's minIsters ministers min mm- inters may be ber r very powerful for a time but their time Is apt to be short Douglas Is 19 gone gone lives lives In outer dark ness Not ot forgotten forgotten far far from It butt It but Just out of oC the picture n gh Johnson John son Is out still praising the Chief but kicking the t of the kings king's ministers vigorously Thought Though of course loyalty always nt had lain to the kin king not the tie kings king's ministers The 1111 most loyal loyat subject could always deplore the folly foUy of the kings king's advisers That has been true since the tile dawn dawn of ot his his his- tory lory It Is N I not a development of the Roosevelt administration Now 2 the most roost powerful minister In tn Washington Is le not very Tery frightening to the bail bad boys hoys on Capitol Hill If they thel think he lie Is opt apt to be out of the picture picture pic pie ture say six months hence That's That the way politics Is 18 There Is no use trying to please anybody who wont won't be b around to return the favor faTor later on 1 Especially If U pleasing this person In to temporary authority means Irritating folks back home who Just ma may remember ber her It on election day The most Imposing Imposing imposing Im Im- im- im posing figure loses impressiveness If tt the pedestal Is noticed to be he wobbly And the national legislators have haTe come coma cometo to the conclusion that hunt there Is not a single firm foundation under a single one of Roosevelt's present nt advisers May Still Be Around This Is probably a very Jaundiced on view on their part port It may be that lots of them will be he around and powerful power power- powerful ful a year hence nut But the fact tact that so many have hae slipped prevents an any anyone anyone one of them from speaking with the tha theold theold old note nole of authority so far as Capitol Hill Is concerned Congress abolished Its lame ducks After a senator or member of the house Is defeated he be no longer can COD either vote or debate Rut nut there Is a certain lame duck suspicion attached to all the brain Then there Is another reason In Inthe Inthe Inthe the early days of the Roosevelt adminIstration administration admin- admin the Jobs s tone done In drafting legislation leg workmanlike In In In- were ere very Tery deed As A for example the aforementioned Cohen and Landis securities and stock exchange e regulation bill Whether one the Ideas behind behind be be- hind the measure or not there was WIlS no discounting the skill with which th precise Intent of the framers framer was spread on the statute boks boles Hut But that day oy has passed For example example ex ex- ample take lake the social security meas- meas and unemployment ure old age ge pensions ment meat Insurance sent insurance ent to Capitol Hill by Secretary Perkins If It there was anything right about lt It In Its first form It was a surprise It was supposed sup White WhiteHouse Whitehouse posed to come up with the full House blessing nut But It tt was soon loon dis dl discovered covered that the figures did not add up The calculations were weird The astronomical figures were Juggled until could agree within no two taro persons three of ot four tour billion dollars as of a aday aday day certain In to the future formally ad ad- Now 2 this was never Dever mated But the word got Jot round And there has bas been a shocking loss lose of ot eone con con- i dence In the divine origin of administration admin measures ever ver since Cc w NU |