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Show SEENandilEARI around t fie NATIONAL CAPITAL yfy Carter Field FAMOUS WASHINGTON CORRESPONDENT ' 11 's Washington. President Roosevelt Roose-velt is enormously pleased with the general reception of his acceptance accept-ance speech at Philadelphia. Those who must support him for party regularity reasons but who have been hoping he would be more conservative if re-elected the group following Senators Glass, Byrd, Tydings and Adams are distressed. And the radical fringe is delighted. The thought of comparing the New Deal fight against capital against investments, if you please to the fight of the colonists against British royal iomination came to the President almost at the last moment He did not prepare pre-pare his speech much in advance, and it is pretty nearly an accident acci-dent that he took this particular tack. It all grew out of the fuss and furore that was kicked up when announcement was made, a little more than a month ago, that the President would make his trip to Texas and other states at a time when the Republican national convention con-vention would be in progress. It was charged he was trying to steal the convention's publicity, to deprive de-prive it of its normal share of front page newspaper display, not to mention radio broadcasting and newspaper picture sections. So he announced that on that trip he would make "historical talks," going into the history of the sections he visited. He not only did, but found some very adroit ways of working good political arguments into them. Even Went Further But the conservative Democrats are very unhappy as a result. For, once embracing that theme, the President went a great deal further, fur-ther, by inference, than he has ever ev-er gone before. Just as, in the platform, which of course he dictated, dic-tated, he went a great deal further fur-ther with regard to TVA than he has ever gone before. In fact, he approved language which might have been disquieting to the Supreme Su-preme Court in his TVA decision. For instead of talking about "incidental" "inci-dental" power, the President had the platform boast about the "yard- w I could, if he wished, h f three things authorize Vl P has taken advantage of JS1! It these powers. Thi-M Its marked down the gold v U dollar to 59.06 cent I H der the powers to aS could still mark it downt ; un' of the original collar. fr be considerably l ew, -1 cents of the present iw, s T would be 9.06 cenuo! ft f?. gold dollar. It would -jal' present dollar slightly J?,! sept 15 cents in its present gjj L Which would be immedH K tive in making the dollar ill Tm much less valuable in 1' ftS change, hence making it , k much easier to sell ve goods abroad, and that much J L expensive for Americani , t foreign goods. s, ;n President Roosevelt, ft l l'ie pens, has no present 1 F" exercising this power. Then, :'r'i: been a firm conviction in 4nt ington for some time that fr I V would devalue the franc, am'. I then Britain would let the $ sterling drift down to equalia' French cut As a matter da I there has been surprise is ington that this has not occur long since. When and If this occurs the F; i ident will face a real problec to whether to meet the ekr? 1 so vastly important in ton iN trade. But the best infonJ A obtainable is that he U us clined to exercise his further f . er to devaluate the dollar eve der this provocation. Murray Causes Worry "Alfalfa Bill" Murray oil f homa is really causing mores r" cern among Democratic chief ; by his "walk" than is AIM Smith. Or James A Reed ?, Bainbridge Colby. Or Josepk Ely. Or Judge Daniel F. Ok, The answer is very simple. I tions are decided by electoral ra not by the size of popular f ities in any particular statet , ; majority of 700, while i Sr. , nerve-racking when the return , coming in, is just as good is I X 000 when the electoral volar counted. .B stick" which would force electric elec-tric rates down, and make electric elec-tric current cheaper to all consumers. con-sumers. Naturally the radical fringe is highly pleased. They had been somewhat disturbed at the soft-pedaling soft-pedaling of their leaders at Philadelphiathe Phila-delphiathe complete blackout of Dr. Tugwell, the failure to mention men-tion Prof. Frankfurter, the absence of most of the so-called Brain Trusters. But a few hours before the President was accepting the nomination Secretary of Agriculture Wallace was telling an audience that competition must go, even in manufacturing, eventually, and that collectivism and co-operatives were the thing! All of which spells a much wider cleavage in the Democratic party, next year, assuming that Roosevelt Roose-velt is re-elected. For beyond the shadow of a doubt there would have been more than 21 Democratic Democrat-ic senators opposed to that tax bill, aimed so sharply at corporations, corpora-tions, had the President and Wallace Wal-lace made their speeches before instead of after that final vote was recorded in the senate. Humorous Mistake Failure of the Democrats at Philadelphia Phil-adelphia to make any statement answering the demand of the Republicans Re-publicans at Cleveland that the special power giver the President to mark down still further the gold value of the dollar be revoked, was not an oversight. Senator Roberi J. Bulkley of Ohio, one of the leading Capitol Hill experts on currency, pointed out to members of the resolutions committee, when this matter was under advisement, that the Republicans Repub-licans had made a rather humorous mistake. The special power which the President still has, which would permit him to mark down the gold value of the dollar to one half its original value, along with the power pow-er to issue paper currency, or to adopt bimetalism, expires by limitation lim-itation just a few days after inauguration! in-auguration! So that. Senator Bulkley pointed out to demand its repeal by a congress which does not come into in-to power until a few days before that nothing like sufficient time to put such an important measure through the house and senate is rather in the nature of a futile gesture. Even, the senator pointed out, in what Democrats regard as the unlikely un-likely contingency that the Repbu-hcans Repbu-hcans capture the Presidency and the house, there is no possible chance of their obtaining control of the senate for four more years. So eve., if there were a Republi-can Republi-can landslide they could not repeal re-peal the provisions against the will of the Democrats. Could Cut Dollar During the months that remain before this power expires by limitation, lim-itation, in January, the President It so happens that the Derams ic strategists do not regard I i three states in which the W lets" reside as douhtful &, i York, the home of Al SrACoS and Judge Cohalan, they rejarii "in the bag." Massachuseta, i ! i home of former Governor te B. Ely, they regard as t asSp account of their confidence 1111 ernor James M. Curley'i 4 Missouri the home of Former in ator Reed, is conceded even bj J Republicans as probably for M velt Naturally the Democratic f not worried about the "Show M state at alL I jj But Oklahoma is something is ? again. It is normally Democrat ' but two factors are threatening j upset this normal alignment W is the fact that over a long P . of years. Governor Alfred M- don, as an independent oil op tor, has been building up & ; ' ships. As told in a recent a. patch, it was one of these B ships-that with Former W! sentative Charles Hamilton; 1 Western New York, who : Kansas to go in the oil bi . about 16 years ago-which w potent In lining up the New delegation for Landon. In fact it is the old frie of Landon with met. who bW to be influential in a num eastern states that made W forts of the "Old Guard s Landon so futile. Lehman Relents The oil fields of Oklahoma pen to be mostly In the part of the state. Where., pens that the influence 01 BUT Murray is strongest southern part Putting t things together, friends " who have been sizing up tion are predicting he w the state by a very com or majority. Which would not the Democrats so muh " to Ik publicans were not offers on itl jjinsf This, plus the situation in sola and North Dakota 1 cau the prospect tha' the Coughlin-Townsend ticK ,; votes away from the wew the explanation of why v such terrific pressure p nor Herbert a Lehman 0 York to reconsider ni tion not to run again for The pressure proved uc p The private view rf I J,,,. York Democrats s that tne fairly safe for R,oSfve"d do man is on the ticket w p ful, if not swinging towar publican side, tf a" on the ticket B New votes are safely in the column, there need be a Janes A. Farley s office tion night about how goes. Or Minnesota, With New York in the bag. Illinois can take a wa- O Ball 8ndlc.t..-WN |