Show N SID IDE E 1 i STUFF Politics and Finance fOo McClure Newspaper Syndicate 9 WASHINGTON By P Paul ul Mallon Bitter Ditter feeling has developed at the White WhiteHouse bIte House toward Governor Govern r Roose- Roose velt en cIt since the war wu debt Mr l Hoover thought Roosevelt let leth h him m down He lie felt sure lure he lie had Roosevelt's Roosevelt's Roose Roose- velt's approval when he sent his debt message to congress That Is why he changed chanted his mind at the last minute and Ind decided to send a public message instead Instead of of keeping the matter under cover t His IUs hair turned two shades lighter when inspired critical dispatches began bet be be- t to out of t gan ran come Albany Not more than three men in Washington Wash Wash- ington know the details Their lips are are sealed The full story may not p r. r be told until Mr Hoover writes his r memoirs But enough of it has leaked f to the thc inner circle to give an indication indication in in- of what transpired tl It appears that Warren Delano Rob Rob- ins las the state of department despite his necessary diplomatic denials was 0 sent zent to Albany as an emissary of i the president He carried carded certain doc doc- r There is good reason for beS bel believing be- be S- S l- l lieving the main negotiations negotiations- were s carried on by telephone between the White House governors governor's mansion man man- sion sian hc he misunderstanding apparently apparent apparent- ly developed on the phone A stenographic such calls Is usually kept at the White House so the facts facts' may eventually ally be dei dc- dc i Those In a position to speak for r Governor Roosevelt have wired confidentially con 2 to Washington that there i was no room for tor misunderstanding They claim the pr president was was trying to push Roosevelt into the commission commis commis- don sion debt policy as as he pushed con con- int into the thc They insist R Roosevelt did not commit com corn mit himself They point to the Hoover Hoover Hoover Hoo Hoo- ver message which says Mr Hoover proposes to seek the cooperation of Roosevelt Roosevell That is an admission they wy say that there ther was not pledge a a a There is at the same time no possibility possibility pos pos- of minimizing the shock of certain administration officials when the critical Albany press dispatches began to pour in A Aver very high official f of the administration outside the thet t White House virtually said in a confidential con con- L conference With ith the press f f- fit at it the time the message was issued that it had the approval of this the elect dent Also it is customary in Washington Washing Washing- ton to sound out men before before be be- fore statements are made The statement in the Hoover message therefore can hardly be considered as asa asa asa a denial of the fact that Mr Hoover had been in touch with Governor Roosevelt prior to that time The whole case has taken on the argumentative aspect of who struck John It is bound to have a a a aNever Never has there been so much secrecy se sc- se- se crecy about anything in Washington a as there was about this thing The president considers himself virtually friendless here hele now and is acting accordingly That is ihy he did not consult or advise with a single congressman durIng during during dur dur- ing the war debt message develop develop- ments Even the thc internationally powerful pow pow- erful Borah and the administration Bupp supporters in the senate were left out of the picture Not a soul in the state department outside of at Secretary Stimson had the slightest idea of what was going on a 0 e a There la Js very definite Information la IA the best diplomatic circles here that high Wall street men adv advised ed the French to default That Is a new angle anle to the yarn I i rec recently published here that certain 4 European governments were private private- complaining about getting dUng bad debt fc ad vice from their New York bank bank- Fil r connections L The advice may yet prove not to be beL f. f L Continued on Pate Page T l Two ol Ir- Ir r INSIDE IN SIDE STUFF Politics Finance Continued From rage Page One so 50 bad as It appeared early in the week French default certainly brought the debt matter out Into the open and encouraged steps for adjustment ad ad- a a a A certain high official hastily summoned summoned sum sum- an exclusive newspaper conference conference con con- ference before Mr Hoovers Hoover's debt message message mes meso sage went to the he senate Only press association men were invited Doors were locked Everyone thought he was going to be let in on some momentous momentous momentous momen momen- tous secret They stood on tip Then the official addressed them for twenty minutes on what a R fine tine fineman fineman man President Hoover is how Mr Hoover was doing Governor Roosevelt Roosevelt Roose Roose- velt a R big favor by asking cooperation in this debt situation It was a R labored I eulogy containing no news much less any confidential material a a a I Special correspondents of individual indi vidual newspapers got wind o. o of the confab They d demanded to be let in inon inon inon on the momentous secret With such big things going on in Washington they demanded that they be informed The official consented to see them later They also came with a feeling of intense expectancy They got the same spiel addressed to the press associations The only reason for foi keeping the whole business secret was that the official would certainly have been embarrassed embarrass cd to be quoted on such excessive compliments to his boss The thing was staged to promote a favorable attitude toward the Hoover message It failed because th the official of made it too obvious Roosevelt private messengers are running around town thicker than Western Union boys All AU claim to have the latest word from Albany about what should be done on this and that Few carry credentials Friends of the president elect here are arc retting getting worried They have passed the word privately ly down the theline theline theline line that Bernard Baruch acted for Roosevelt only in the debt mat matter r. r They say the governor has not yet fully forgotten the Chicago conven lion when Baruch was wu an active anti anti- Roosevelt promoter S 0 Roosevelt's reticence on the debt question is a distinct disappointment in European quarters They claim to have received assurances s for a are re reopening reopening opening of the matter from one of Roosevelt's intimates as early as last May Though it was not mentioned then for obvious reasons this was the basis of the strong support given Roosevelt ii in I Ithe the American foreign language press A discreet reminder this week was met with the reply that Roosevelt personally had never committed himself a Drinking does docs not seem to have anything to do with voting In congress con con- gress Most of the wets In the house now do not drink Many lany but not most of the drys do There Is h the strange case of a Brooklyn N K Y congressman Behas lie He has baa always been w wet t but does docs not drink and Is Ia afraid that thai the word yard t that t he Is a teetotaler will wUl get et around his Ills district Last summer summer he was ill III The doctors made him take some brandy He lie says It nearly killed him a a a Most of those stories about the senate seriate tacking the sales tax onto beer were planted by a Republican con gressman Sales tax senators are are arc not Interested They really want wanta a sales tax and they do not want it to get mixed up with beer They also want to protect Mr Hoover from the embarrassing prospect of facing both issues in one measure A Acer certain tain lain economist on the Doak Deak commission commission commis commis- sion studying technological unemployment calls it the Doak year plan Only four newspaper men signed up to go to Florida with President dent Hoover Before the election 20 would have gone with him S NEW YORK YORE By JAMES JAl McMULLIN Tammany Leader Currys Curry's latest move is not what it looks like on the surface surface surface-an an attempt to supplant Farley as the head of the state Democracy Dem Dem- He h has has no s no such delusions of grandeur Actually it is the first salvo of a bold and desperate of offensive offensive offensive of- of designed to entrench the organization organization or or- for the city battle next fall Curry has decided he will will- get nowhere no where whereby by singing tenor in the Roose- Roose velt Flynn velt harmony chorus So he is deliberately setting I out to create a maximum nuisance value for himself in order to compel com corn pel a bargain when the time for action action action ac ac- ac- ac tion comes He h has s from January 1 when I-when when the new legislature meets meets- to March 4 to 10 show the opposition what an Important fellow he is After that Farleys Farley's patronage power will push him into the background und a a a aThe The Tammany program Involves being being belag be be- ing lag a nuisance in two ways 1 By blocking Governor Lebman's Lehman's Lehmans Leb Leh mans man's legislative program in the state senate 2 By throwing a lot of Flynns Flynn's city appointees out on their ears under under un un- un der the guise of ot housecleaning This could make Flynn very uncomfortable I able until he lie has other jobs to pass out The legislative angle of the program program program pro pro- gram means that Tammany senators will have to punch a time clock Leaders Leaders Leaders Lead Lead- ers are taking no chances of unblocking unblock ing legislation by default There wont won't be any collecting of salaries for staying home in bed Currys Curry's snubbing df di Farley Parley bit deep although both sides have minimized it it for publication Curry forgot to notify the state chairman of a meeting meet meet- ing tag of state leaders until two hours before it was scheduled Then Farley Far ley Icy was too to busy to attend One thing is certain Lehman will not be subject to Curry domination n. n Also it is doubtful whether giving Farley and Flynn the cold shoulder will pay dividends for long The only important factor in Currys Curry's favor is that the opposition leaders would rather not join in a fusion movement if they can help it If It the nuisance maneuvers fail to click there will willbe willbe be a new city setup in another year a a a Hopes for New York City charter revision are arc doomed to be drowned in waves of sound and fury signIfying signifyIng signify signify- ing nothing There are too many ir irreconcilable irreconcilable ir- ir reconcilable differences among advocates advocates ad ad- of reform and Tammany will willbe willbe willbe be In te senate saddle at Albany The Hofstadter committee will sing its swan song in an atmosphere of futility Seabury's platform for administrative ad ad- changes will be politically political political- ly acceptable to no o one oze c but Seabury I Assemblyman Moffat Republican Moffat-Republican Republican member of the committee will committee will also submit a report just to keep his party in the picture The inside reaction is And so what a a a aThe The board of tried to stall off oU its distasteful job jobo of slashing forty million dollars out of the city budget by using the holidays for an alibi But the banks are feeling their oats oats after their triumph at Albany and played Sim Simon Legree to the boards board's Uncle Tom with telling effect a a a aThe The banks have found a new weapon in their argument with the state about carrying state deposits at ata a loss Some of the biggest national nation nation- al banks are privately declining to handle state money at all unless the state rescinds bond requirement require require- ment meat State banks of course have to play ball with the authorities and chances are are the state will tell ten the dissenters to go jump in iri the Hud son a a a Discreet pressure from Important sources is being used on the R R. F F. C. C to induce a rescue act for lor the title companies worried for reasons recently recently recently re re- re- re detailed in this column but the R R. F. F FC C. C so far is unresponsive If this keeps up the banks may have to do the rescuing themselves They probably will will will-if if they cannot pass the tho buck buck buck-as as mortgage bond defaults would raise Cain with their own extensive ex cx- real estate commitments a a a aA A favorable development will be announced shortly in connection with the one billion dollars of American money tied up in Germany under the called so-called standstill agreement Although official negotiations for a n renewal agreement are scheduled sched ached to tn open in London on January 20 American creditors by that time may have everything straightened straighten d out outA A representative ve of the German bankers arrived on the twenty sec ond on a confidential mission to o pass the word v that the rate of ot repayment can be raised if it the Americans in return return re reo re- re turn will reduce the interest rate on the remaining balances Bankers all allover allover allover over the country will wm benefit especially es es- Ily as 33 many b banks have reckoned that they might have to write off ort a substantial part of ef l their German credits Copyright 1932 McClure Newspaper Syndicate S |