Salt Lake Telegram | 1932-06-03 | Page 4 | Inside Stuff on Politics, Finance

INSIDE STUFF ON POLITICS FINANCE Regret Hoover Plea to Senate Senale Sen ate ale Lacked Fireworks Fire works NEW YORK By James McMullin The sales tax was becoming an Increasingly In important issue in the eye eyes s of the financial district It was almost almost al most universally regarded as the keyo key to o the budget situation Most informed in in- formed ormed observers here now believe it t is an ace in m the hole for the next congress Interesting evidence of the banking community's viewpoint is given b b the lie status of the bond pool A provisional prOVIsional provi ional pool has been actually formed by y the banks with initial funds o of It was not prepared to function unction and could not unless and until the budget is balanced for keeps Rumors and counter rumors counter rumors have flown own thick and fast about this pool It t originated with a group of banks subject to the condition above stated The Young committee had nothing to o do with it officially Even though the sales tax is apparently dead the the skeleton organization set ct up to administer the pool is in a aI I position to stop the scare if conditions seem eem set for the effort to succeed a a 4 Hoovers Hoover's personal plea to the senate senates Is s int interpreted as a political gesture which should be helpful to his cause There is some disappointment be cause he did not make his appeal with any ny fire of leadership a a 3 o New York has watched the advance of f the bonus army on Washington with interest It It is regarded here as primarily an unemployment demonstration demon demon- ration rather than a bonus gesture The point is made that the demonstrators tors ors are veterans and can therefore get ct away with such publicity as the of trains which would get gel ordinary citizens in trouble A 09 a s Walter Teagle of Standard Oil is in favor avor of ot shorter working hours as asa asa a means of creating a wider distribution tion on of purchasing power Mr Teagle is s a member of the Young committee and nd there is reason to believe that he heill will ill lay emphasis on this point in committee corn com deliberations S. S S The employment situation In New NewYork NewYork NewYork York City is getting rapidly worse Federal relief in m some form is widely considered to be the only alternative to o serious disorders The Gibson block lock aid committee has not been as much help as was hoped a s aThe w a The financial district believes that Seabury is holding back evidence on Walker which is much more ing ng than any that has yet been re re- The delay is supposed to be due ue to a desire for incontrovertible proof roof There now seems little chance that Roosevelt will wiH be called upon to make a decision as to Walkers Walker's fitness for office before c convention time Roosevelt Roosevelt Roose Roose- velt elt himself himsel does not believe the question will be raised for some time It may have a bearing on n the fhe election it if Roosevelt is nominated Impolite snickers are in evidence whenever Paul Blocks Block's explanation of f his philanthropy on t l Mayor or Walkers Walkers Walker's Walkr's Walk Walk- ers er's r's rs behalf is discussed And the covering cover n up of a womans woman's name is accepted as essential thus far