Show I lIs STUFF TUFF t t P Politics 0 1 t t t cs t and Finance I IS bl Paul nation WASHINGTON Paul l b Malibu Mallon OD I By Dy r f flie administration bigwigs gener- gener do not share the op optimism timis m 0 of f rL d dollar billion credit edit J It may be inflation to him f it that way they cannot see I t iS Their 1 private vi view w is that tha the bil- bil pump will produce no more ft tenth one of I its capacity They i than as a psychological for it only i are ae S They The W hope it will pacify the until Mr Roosevelt gets for real inflation ady eadY seems to be the true hidden pur par nose behind it j j j pe re reserve au authorities th on t ies are arc se- se Johnson althe al al- skeptical General cr cr 11 tb the phrase I if it works works' statement he mak makes on n behind any the set setup T The he fundamental un point Is that two WO and nd two to will wl make no more sort sorto of even with wIlli the best r advertising 1 B Business i ess concerns in good shape wuI t-wuI ril be able to get short term ad ad- 1 outside the south and middle tat at lower rates than the R R. R F. F C C. Swill WUI offer Banks will vill b ie be skeptical cal about getting involved with a any y other of business concerns concern even on oi R R. ip 1 Y C. C money Some business houses on onUi the Ui hairline between a good g Od and a aHad abad Had bad condition may be benefited fe Extent of ot these b borderline loans will 1111 ill hardly be sufficient ent to influence commodity prices or to bring any substantial inflation n. n I K What the plan does however is to tob b taut the N R A campaign It affords i opportunity for lor commercial ex- ex randon if it the business men and the bankers are arc willing No concern will 1 be able to sa say that it cannot af- af f. f 1 td to adopt the N R R. A principles flar Ir want of ot money A very shrewd observer for Jor New York banks advised ad his people the plan wOOld bild succeed better than anyone be be- He based his whole r lon on the assumption that bankers men and others believe monetary mon mon- Inflation is coming He Be suspects frill take all the tue R. R F F. C. C money they can get now expecting to pay payin in a devalued dollar doUar within the thc r t period He may be right r BD BD- sein In General Johnsons Johnson's Inner would like to forget about Henry Ford They have nave figured out a tv a of doing it 15 I et T reason that the immobile pe- pe De- De is under the code as effective effective- eff lr 11 he bad had He is is' also within the code and probably continue to do so In that case they a see no reason why any further should be given the matter mat mat- iler ter w unless unIe and until Ford violates the code They do not believe that ida will arrive J Perhaps ef ps the problem could have kl ea burled buried that wa way were it not for newsmen Th They y are re re constantly fa Iri what is going going- to happen to the ealy big man who ho re rebelled against the N R B nA A A. Y You Yu u c cannot n ot expect Gen Gen- I enl Johnson to con confess that nothing ill 1 happen to him b The situation may become so embarrassing embarrassing em em- as to require action I t There is an interesting yarn behind I toe the delay in the aluminum code Ex Ex- Secretary SeCretary Andrew Andrew Mellons Mellon's company Continued on Pace Pae Two INSIDE STUFF i Continued from Pue One controls control manufacturing but only I about 75 per cent of the processing hu Independents represent the other 25 per cent and they are arc getting gettin a sym pathetic ear around the N R A. A They demanded that the aluminum code prevent Mr Mellons Mellon's manufacturing manufacturing manufacturing turing company from selling to o his own processing companies any cheaper cheap er than to them President A. A V. V Davis of the Mellon e company laughed He lie said that of course the manufacturing ing lag company would not favor lavor its processing proc proc- essing It never did They asked him to put that In writing in the code Mr Davis thought it unnecessary unnecessary sary and said so I The mc meeting tin broke up over the thel question of whether to write or not noto notto I Ito to o write HOOVER It was no surprise when Arthur Race of the hotel men announced Mr Hoover Hoo was personally for or repeal the thelast thelast last ast year of his 1115 administration The statement should not have been confined con- con confined fined ined to the last year Those closest to Mr Hoover Hooe throughout l his s term knew he personally personally person person- personally ally had bad no sympathy with wilh ion tion However all were convinced he Ule e country was dry politically and so was he They thought it foolhardy then for anyone to espouse po e repeal The fates of politics not his personal per beliefs put him on the dry side ide and kept him there LOYALTY Few know that the late Ike Hoover Hoove White House majordomo turned down a a offer of for lor forlis his lis memoirs shortly before his death That would have been a fortune for him lim He declined on the ground that hIs lis personal observations inside the White House were confidential and should be kept so roo He knew plenty about what went on inside but was loyal to every pr president under whom he ic served NOTES The Thc reason renson the state department continued to hold back on ree recognizing Grau San Martin in Cuba is 15 that secret secret se se- se cret reports from Havana indicated he ic might be pushed ot off the political map at any moment S S e Mr Roosevelt Is the only onh modern president who makes a habit of speak speak- lug ing ng without manuscript on minor oc oc- oc All the rest read what they had lad to say in order to avoid embarrassing embarrassing embar embar- rassing errors error Mr Roosevelt's talks are nearly always prepared in advance advance advance ad ad- vance but buthe he easil easily NEW YORK By James 1 i Copyright McClure Newspaper Syndicate New Yorks York's beer business has reached an important crossroad The big question is whether the roughnecks and gangsters are going to get the upper upper- hand They are trying hard lard enough bootleg Ex-bootleg brewers cant can't get repeat orders on merit and strong strong- arm stuff to improve sales records is increasing at an alarming rate The legitimate brewers are getting fed red up The They are tired of or being tainted tainted taint taint- ed by the reputations and methods of gangster sangster competition compe The slimy trail rail of dirty politics sticks right out Prosecutions for slugging and b bomb bomb- ingS get quietly squelched Under Under- world protection of prohibition d days ys ysis is Li still on the job State and municipal authorities have lave been remarkably sluggish in taking action and the legitimate brew brew- ers' ers hands because they cant can't get evidence that will stand up In court But the first break came last week when a New York newspaper published the name of a beer which a racket salesman tried to put across on a man who was afterward slugged It will be hard now for the authorities authorities ties to resist pressure for a thorough investigation and possible revocation of or license licens On One or two sharp lessons might make the boys behave But so far state control has been pretty prett much of a flop lop The question is important nationally national ly as well as is locally The drys are storing up ammunition from New NewYork NewYork NewYork York examples to prove that legalized b beer r is not nol curing the evils of The problem must be solved or the repeal cause may find it hard to recover from an ugly black e eye e MUSCLE SHOALS The inside dope here has it that tl the e Tennessee valley alley authority is working work In trig ing out definite plans to blanket the country in a radius of miles from Muscle Shoals with federal power R F C l loans ans to to build distributing plants will b be freely en Utility Interests in the affected affected af at area are arc plenty bothered They talk a lot in private about unfair e competition but they cant can't figure what to do about it Experienced utility men do say soy say although they may be a tr trifle le prejudiced diced that diced that the idea of pow power er to residential consumers at 3 cents a n kilowatt hour is an economic ab ab- ab- ab They claim that any municipality municipality muni muni- which tries It will go broke in the attempt and are arc caustic about the governments government's estimate of power costs They admit that having no taxes to pay will give public owned plants a big break but even so they insist that the T T. V. V A. A is excessively optimistic TELEPHONE There are rumblings that rate reduction reduction reduction re re- re- re lighting will hit the telephone companies next The telephone people peo peo- pIe wont won't be caught napping They have wele welcomed med a very large number of small stockholders for orthe forthe the purpose of or building up a backlog of political pressure to resist such action They may soon find out whether their theory is good or not CUBA Disaffection in the Cuban army is reaching concert pitch It may soon touch the point where the army will tell Mr Grau San Martin to go co hop hopin in the Caribbean New Yorkers who know the island say the average Cuban private is no mental giant Under the Machado regime he at least got paid regularly Now he doesn't The dispossessed ed officers officers of of- acted as paymasters and In his simple way the private connects them up with the money he used to get So theres there's a growing demand for the return of the officers The officers know it n It wl which ch is one reason they have been en so obstinate They see the balance of political power In their own hands and the prospect pleases The various Cuban factions are all aware of the necessity for army support support sup sup- port and are all bidding for it on the quiet The l highest bidders will be bethe bethe bethe the next rulers of ot Cuba but no one can stay in power unless unIeS he keeps the army fed ed and reasonably satis sails fled fied RUSSIA Foreign diplomats talk talk and and act act act- as if American recognition of Soviet Russia were a fait accompli Japan for or instance Is putting out feelers for fora a commercial treaty with the Soviets Tokio is not terribly keen over the project but e considers i it nece necessary ary to offset the effects of 1 the expected American gesture One feature of the pact will be Russia's consent to receive receive re re- re- re part of th the payment for the Cl Chinese nese Eastern railway in the form torm of Japanese industrial industrial- pro products products' A German business man who has had close relations with wIlh the Soviets reports that sabotage against the soviet soviet soviet so so- viet Industrial program seems to be bemore bemore bemore more serious than the outside world knows Out of 12 huge machinery units unIte which this mans man's firm shipped to Russia Russin only four were Installed and two of these were out of commission commission commis commis- sion at after r a week The eight remaining remaining remain remain- ing carloads disappeared without a trace en route SIDELIGHTS South America aims to get on our wine list when repeal becomes ef ef- ef- ef They dont don't propose to let Europe get all the gravy Argentina even has wine pipe lines The copper copper cop cop- per people are not as hopeful about Russian trade as they were Russia has unearthed large copper deposits in the Ural mountains |