Show THE DAILY WASHINGTON MERRY ROUND MERRY GO ROUND Trade Mark By Drew Pearson and Robert S. S Allen Authors of Round Oo and nd Moro More Merry Oo V WASHINGTON ASHINGTON How strongly Roosevelt sided with the French d during ring the th- a arms ms controversy controversy contro contra versy can be gauged by the inside story of what he told Hjalmar Schacht G German derman rm n economic envoy Roosevelt first discussed the entire armament armament armament arma arma- ment situation taking no sides but asking Schacht what conc concessions Germany could make to France on disbanding her professional 1 army and on not increasing her heavy armament nt Schacht promised nothing Roosevelt then notified the German that the United States had hadas hada a as a's ts its ts only choice the support support support sup sup- port of the French position at Geneva He said he personally favored disbanding the wehr and he could see no consistency in GerI Germanys Germany's Germanys Germany's Ger Ger- I many's present position against it since for years Germany had wanted had wanted to replace her professional professional professional pro pro- army with conscripts Just because Hitler had come into power the president intimated was no reason for this change in arms policy especially since Germany Germany Ger Ger- many was in iii worse financial shape than everand ever everand and could less afford the luxury of ol the wehr R Roosevelt said he was guite willing that the be disbanded grad gradually all keeping pace wi with h gradual reduction of heavy arma arma- ments Schacht remained adamant and left Washington Washington Wash Wash- ington convinced that the United States was more closely allied with France than ever e 9 0 One name strongly strong urged by certain Democrat Democratic Democratic Demo Demo- crat cratic c leaders on Roosevelt President as a member member member mem mem- ber of the American delegation to the London International l economic on ic conference was was was' that n. n of n. n Alfred E. E Smith The argument was that in addition to being a political coup at home Smiths Smith's selection n would add acid color and drama to the American representation The suggestions never got to first base with F FD D. D R. R And for obvious difference reasons difference in views views between en the two men marked indifference ence in in- in methods method and last but not least b be because ause the president has no intention of diverting the spotlight from the White House I 4 Senatorial cost the White House the first round in its undercover maneuvering to shelve the Glass banking reform bill For weeks the president on one pretext or another staved off action on the much disputed disputed dis dis- measure Meanwhile le its author Senator Carter Glass was getting hotter and hotter under un un- der the collar He suspected the presidents president's s motive motive motive mo mo- tive but being a loyal Democrat gave him the benefit of the doubt Finally however confidential information n reached the fiery little Virginian that removed all question of the presidents president's purpose After that Glass wasted no more time He went vent before the senate banking committee commit commit- tee and put the issue squarely on a personal basis On this ground the committee bowed to Glass' Glass wishes He has been a member of the body since he dame came came to the senate 13 years ago He is its most revered and noted banking au au- au- au So the committee ordered the bill re reported reported reported re- re ported to the senate Apprised of what was happening the president president president dent made a personal telephone plea to Democratic Democratic Democratic Demo Demo- cratic Floor Floors Leader Joe Robinson But it was too late Personal Person l friendship had carried the q day for Glass t p The reason Roosevelt wanted the bill killed in n committee vas briefly this It contains a provision provision provision pro pro- vision whereby the government guarantees deposits deposits deposits de de- de- de posits up to tg in all aU banks members of the federal reserve reserve system Vh What t Roosevlet fears is that when this provision provision provision pro pro- vision is debated on the floor of congress the theman theman theman man in the street who has a little money in a bank not b belonging longing the federal reserve system will immediately draw it out Another nation- nation vide bank run might result R Roosevelt fears So to forestall such a run an antidote has been projected in the form of an amendment extending the guarantee of deposits to all banks including those not members of the federal reserve 9 IJ Representative Louis T. T McFadden is on the trail of what he believes are startling figures in his resolution directing the treasury to make public what it knows abo about t salary and pension sums paid by the Chase National bank to Al Albert Al- Al bert H H. Wiggin its former former- president The Theother other day a huge bunch of wh what t looked l like ke flowers arrived at the apartment of Ernest Lee Jahncke former assistant secretary of the navy Unwrapped th they y proved to be mint from the White House Hous mint bed sent by another noth r former assistant secretary secretary-of of the navy navy navy-F. F. F D D. R. R Roosevelt knew Jahncke's taste for mint juleps knew also that since he was out of or official Ii life fe he could enjoy them while he Roosevelt Copyright 1933 by United Feature FeatureS S Syndicate Inc |