| Show I DE i INS I STUFF Politics and Finance j q WASl WASHINGTON By Paul raul Mallon Tnt rjae rte n house e Democrats are very err wry on the Inside about this patron patron- e Jfe e business badness The administration has in influence to first Ie lect sec lec- t sd 4 anti nd third class postmasters of witch Ieh deh none Done have been beeD distributed Th is ii dISclosed by what to toa a certain North Carolina e He lie had bad a man for asi as as- i t attorney general lie He was told unless he heo hep i M dill did not Dot have haye a chance p o approval from the two North Korth f of Carolina senators lie ile does not Dot ret get slur sling well with the senators and ni the theft ft tension do no not ret get d with I c each ch eh other Id l result was he could not ret get S S Ever Even on the postmasters the house members must obtain approval from sv their county chairmen Most chairmen chair chair- men want the best c tot jot themselves relatives 1 That at leaves es the poor congressman feeling like an orphan in the storm 7 They have been honeying around i Mr Roosevelt and Mr Farley trying l I 11 to jet the patronage rules rules' changed nat is one reason why so many of them were willing to listen to reason on cn the veterans veterans' ns' ns issue I If the rie ru es are not changed the congressmen congressmen will not contain them them- indefinitely 0 t The Republican wits biz are whis to io each other that they came iut at t of If the first Roosevelt congress In good political shape They are quite proud roud of themselves They grabbed sit art If two twoS Issues veterans veterans' veterans veterans' and rod rold old They kept out of the London conr confer confer- r t lace toce ce t The Tho veterans veterans' Issue b Li planned for r use In the next ned congressional The party part Is united on it U. value the of-the gold rold issue Is Isques ques ques- finable There is b a tool chance yet yd I fast Mr tr Roos Roosevelt will make a alue sue sue- C I of it U. c a S t f The master r stroke w was s keeping g a ai aI I i Republican J leader off oft the thc London t conference delegation Mr Roosevelt Roosevelt Roose Roose- velt tried hard to hook hool one but they all til refused to bite bUe The ono vho went Senator Couzens Is Lot liberal he cann cannot t sway party Wf influence ence Hooking the opposition in such affairs affairs af- af fairs Is an political custom The have nev never gone to a. a eon j. j L I Continued on Pate Pan Two r ut u w R INSIDE STUFF Continued Front From rue Page P e One I J c Jn the past 13 years without faking L g a Democratic leader along i hey got Underwood on on arms nii conference Robinson n of ot Arkan Arkan- on the London naval confere conference ce Swanson on or the Geneva Genevaa conference always ays these men returned to ded dethe dethe de de- d the action of the conference There e will b be none of that this time The De Republicans pUblicans R were too smart When Congressman Will WUl Rogers Borer not the comedian arrived here tour four i months ago O he Issued d a call to newa newcomer new new- a comers c comer iners to form a a. bloc The Idea was wa b to overthrow the old leadership and andr r let the new newmen men run things The movement move move- anent ment fizzled Congressman Z a of Wisconsin was about the only on one oneto to Join It x The closing night of of congress Rot flog the lead era ens rs made a speech praising the skies skits He compared them r tS rosebuds arnon amon among other things That is Washington Bright men wIth brilliant ideas come here to toi toi oJ i t i overthrow the old order and remain to Join oln it J J rr fr Roosevelt's inside id strategy In getting getting rid of 01 congress was practically perfect effect It was worked out largely by byus us Vice Nice Pr President Garner They hey whittled awa away all aI the business M t except v veterans erans They prevented any g other issues from being played against M w that one They afforded no opportunity opportunity for filibusters If Jf the leadership had been less skill h been here until un un- would have Wi til il July 1 and perhaps longer 9 e Mr Roosevelt always takes care of M w the he newsmen He knows his publicity i 4 A week before J fore his vacation he dispatched dispatched dis- dis dis- dis dispatched patched h his son son James to o N New w England England En En- gland for the express purpose of pro pros pros' s' s viding a boat for the journalists to f follow fol fol- ollow ol- ol I low low him Every reasonable convenIence w once ence was offered them i That is JS a far ar cry from the days of rf the Hoo Hoover Hoor r administration when the I. I boys had to find their own boats They re e treated like nui nuisances ances then r The administration says privately toward those LS as no hard feelings who came around to the compromise in Inthe the end In t group Is Senator Connally who i the amendment that Ir used all an he the trouble klu ut the White House ha has filed tiled for forr fori i ure reference the ho list of e eight Demo Dem Dem- i L. L r o ratio senators senator who opposed Mr l pf- pf to the last I I. j are Bone none Copeland Hayden Ml hl ong Neel Neel Overton Trammell an ans and s heeler I x t least three members of ot the house lYe jave e been receiving retirement pay n. n rAm rpm the government They all ted led against the veterans veterans' cuts cuu ator Bulkley went lobbying in inthe the for tor the pres- pres house ot Ohio delegation V t. t veterans' veterans stand Bulkley Noted mostly against the president but ut switched at the end Other senca sen sen- en- en 1 ca tors ors also came over to buzz buu in the theu ars rs o of their state congressmen for tor fIrs u F t. t Roosevelt Th The truth truth in in s me es division expects to do a a rushing in also concluded there therel l 1 be between and 1000 new se se- C. C rc Issued during the thc rest of this s They base the esti estimate on estimate estimate- nate on ex ex- l Change wange registrations lit x ORK By James McMullin ee j Insiders will tell you that a alight i P in business and the markets r g be the best bes thing that could t L pen this summer They will also allo Wn you there Is a a- rood food chance it will willi i f rk k that way Cooperation between Mho e government and financial and aDd ands 1 s l leaders ade s will be dl directed eded to end It remains to be seen Been u they can control it lt It fiU continuous continuous' rise 1 eY dont don't want a to seasonal tendencies Such Sueh f si movement could only come from r speculation and might lead ff lt j an unhealthy reaction when an up- up upI I in Is It needed most On the other r 1 a a. full seasonal drop wo would ld dJs dis- urage re business and damage damare l prospects tI fome ome mighty important Wall Watt are arc all set to cooperate every everyn y y they can n They he are arc now c connee con con- con con- n. n nee ced that the only salvation for J ill and and for the country Is a in tW course the president has char charted d. d Ir knowledge and specula- specula ct IJ should make them useful allies I 2 Wall street is is' saying that Rocke Rocke- r. r ers era never lose a chance to ride oni on i a front seat of virtues virtue's bus They refer to the prospectus of jf i corporation offe offering ing an ex- ex f of securities to the traso 11 of one ono of ot its subsidiaries It corny comi com com- y i mss IBM fully with the new v. securities w and is a lengthy and illuminating t i q Equity corporation and its 6 were recently purchased r DauId Milton Muton John D. D Rockefeller Z J. J Krcs s son son m in w Atlas Ui corporation has as just put out a aJ aspect J for tora tor a similar purpose on ii exactly the opposite principle They as little as possible was not due to a desire toy to y yade y dethe the la law The e leverage factor so rapidly with Atlas that they F e r lm im it is is' literally impossible to set Gt CL tI aI a statement print it and still have I J Inaccurate ic accurate by the time it reaches the ther f r They dont don't want to encourage money honey oney lawsuits on such uch grounds b Thet strike suit fraternity rub Is-rub J Ming ing its hands at the prospect of ai a aUW i UW h harvest wh when n th the securities law lawe tlell really e lly get going Lawyers who thrive o uch business are getting gg ready or r the bigg biggest rush in history story h Insiders t predict th that the mortality g directors director of corporations which are are obliged to offer securities public will run as high as 80 per rAer 1 cent Everyone will get out from ier who can 1 t U. U L' L Chemicals Chemical's plea of patriotism w kU In this column a week a ago 10 o i t CD go Koover over so 10 well here The critics critic claim c lm Im the information the stock exchange ex ex- change c re wants wanta couldn't couldn possibly help foreign competition The stock exchange touched a sen- sen Uvo spot PO when it backed formation kret inist a committee to elect new Allied Chemical directors direCtor The management i ay y not care eare whether their stock is ted on the exchange or not They do ot i care who runs the company iia The e federal r reserve seive banks are about ready adY to give up their heir credit t program through the purchase f ts- ts for lor th the time being i iVA ey y have created of ex ex- reserves reServe of o which about f arc in the he New York district district t he banks baw wont won't this extra U the use cred credo its it's is Z a cinch here's heres no use we pumping down 1 their r throats This s do down n mean that credit cr tl on has has' failed It simply means means that thai thata a II t. t neither the banks bank nor business are arc lre quite ripe for it yet Germanys Germany's American creditors are not as docile as might appear from newspaper accounts There is a strong feeling that the moratorium move was not made in good faith What the Germans fear tear most is seizure of some ome of their finest ships which are ire technically technically tech tech- pledged for certain loans New York acts l private word that Austria now outranks even Danzig as ashe the he possible source of an explosion The Austrian nazis may prove stronger strong strong- er than the government If they gain power they will probably declare Austria Austria Aus Aus- tria part of Germany This would create cre create create cre cre- ate an Immediate crisis with both France rance and Italy Local observers say that Sir Herbert Herbert Herbert Her Her- bert Samuels Samuel's liberal group in parliament par par- parliament is anxious to join the opposition opposition opposition in spite of election pledges to support the government They will probably move over shortly Liberals in hi general would like to see Lloyd George return to leadership Conference Conference Confer Confer- ence results result may shape a new gov gov- Business leaders here say ay that Britain Britain Brit Brit- ain aln seems to be the first to show real improvement in employment There is a steady st dy monthly decrease in unemployment unemployment there for lor the first time in r five years year two Ninety thousand more people are arc at work in England today than a a year ago aco Confidential figures from Paris show that armament makers were almost almost almost al al- most the only ones to show a profit last year Private figures of Hotchkiss factories reveal a net profit of nearly 15 million francs for 1932 a a gain of more mare than two million over the preceding preceding preceding pre pre- ceding year car a The death of Dr Rudolph Metz Betz removed removed removed re re- moved a unique figure from Wall street He was was' probably the best authority authority authority au au- on Europe's financial l Who's Who If U a European wanted to do business business busi busi- ness with certain New York banks they would first check his reputation with Dr Metz i Wall street calls th the London conference con ference the Century of ot No Progress Stock market professionals professionals want to be bullish these days but jut they never know when th the skids may nay be ki kicked ked from under them They try to console themselves with he thought that Mr Roosevelt wont won't allow illow the market to bite the dust He wouldn't let that happen to us would he |
