Show THE DAILY WASHINGTON MERRY ROUND MERRY GO ROUND Trad Mark By Drew Pearson and Robert S. S Allen Author of or Round Oo and More Mon Merry Oo V WASHINGTON Some WASHINGTON Some of Or Roosevelt's close advisers have been urging him to stabilize the dollar They say the alternatives are either that or else sacrifice his recovery program The fact is that every day of stock market speculation makes it harder for General Johnson Johnson Johnson John John- son to put across his fair trade codes for indus indus- try Industry never was really enthusiastic about NIRA accepted it because it thought even state socialism was better than complete bankruptcy But now they see prosperity reviving and every day that they see this they are less anxious anxious ious to submit to government regulation of hours wages eventually prices and production What worries Johnson and Roosevelt is that the present business activity is based purely on speculation The market is bettin betting on the future Present consumption doesn't justify present price increases 0 i iOne One small business item last week was considered considered considered con con- more important by the Roosevelt ad advisers advisers advisers ad- ad than all the reports of increased steel activity This was the A. A P. P chain store re report report report re- re port that during the five weeks ended July 1 sales were off 76 per cent compared with last year In other words people haven't got the money to buy the most essential of all commodities corn corn- modi ties groceries The remedy that is being urged d on Roosevelt Roosevelt Roosevelt Roose Roose- velt is to stabilize the dollar As long as the world has before it Roosevelt's statements to the London conference that he doesn't care how low the dollar drops the flight from the dollar dollaris is going to continue As long as this continues people will invest in commodities the bull market will plunge ahead and administration of the recovery act will be more difficult for General Johnson So several people close to the throne predict predict pre pre- dict diet that stabilization will come sooner than anyone in London ever dreamed 0 Although still in embryonic state and shrouded in deep secrecy the Farm Relief ad administration administration administration ad- ad ministration is working on a plan to sell worth of American pork products in soviet Russia The U U. S. S R 11 R. R has suffered for some years from a dearth of pork The U. U S. S A. A has suffered suffered suffered suf suf- from a surplus lus Several questions are under consideration to arrange the sale One scheme calls for the creation of an export corporation by the pack pack- ers This agency would transact the deal with money it borrowed from the treasury The treasur treasury in turn would raise the mone money for forthe forthe forthe the corporations corporation's operations by a small processors processor's sers ser's tax on hogs Another plan is a straight out barter The Soviets would v turn over to the F. F R. R A. A or worth of furs fursin fursin in exchange for an equal amount of hog prod prod- nets The corporation would then sell the furs to the domestic fur business 0 9 Among at least four cabinet members there is considerable opposition to Postmaster General General General Gen Gen- eral Jim Farleys Farley's potency as boss patronage dis dis- dis- dis But not in the new Home Loan board There his sway as job distributor is undisputed Jim has one of his own men there ensconced behind a desk and all applicants m must st pass his muster before they go on the payroll A few days ago the board decided to employ an expert to install an up-to-date up filing system The field was scanned and a woman fortified with college degrees and considerable experience ence was invited to call Her interview with the secretary of the board was very satisfactory Then he referred her to Jims Jim's manHave manHave manHave man Have you a letter from Mr Farley he asked The woman looked blank Mr Farley Fancy she said I dont don't know anyone anyone anyone any any- one by that name Well Im I'm sorry replied Jims Jim's faithful re re- re tamer If you haven't got a letter from Mr Farley Fancy you cant can't get a job here And that ended that e a Japanese intelligence officers in the United States have been gathering every available scrap of information regarding the Citizens Citizen's Conservation camps Their fear apparently is that the United States is building up a trained arm army reserve They attach special significance to the fact that the conservationists are under military officers subject to military discipline The Japanese seem to have increased their respect for the United States since the new 32 ship building program was announced Their military party part according to intelligence reports received here had passed out the word that the U. U S. S A. A was a nation of pacifists It came as asa asa asa a great surprise to the Japanese that Roosevelt had decided to build up the fleet a 4 Secretary of Interior Ickes pronounces his name Ikus with a short i i 1 Postmaster General Jim Farley Ori originally recommended to the president that he pe raise the age limit on off postmasters from 65 years to 68 F. F D. D R R. R cut him down to 66 Missouri's former Senator Harry B. B Hawes co-author co of the Hawes-Cutting Hawes Philippine in independence independence independence in- in dependence act has been representing sugar interests of the islands in the sugar quota conferences conferences conferences con con- here Hawes has incurred the ire of domestic producers by insisting on a ton importation from the Philippines Domestic Domestic Domestic Do Do- producers want the islands to be held to short tons Attorney General Cummings distributes ci cigars cigars cigars ci- ci gars at his press conferences Miss Perkins passes out ginger ale Copyright 1933 by United Feature I I Syndicate Inc |