Show t i J. J STUFF I Politics ck and andt t Finance l Paul ul M Manon Uon WAS WASHINGTON INGTON By Dy Paul 1 Malibu Mallon T Current red tape charges s wounded the administrations administration's pride It does doesn Jt want the idea that It is procrastinating n to get around the country orders have now been quietly p passed d down cOin th the line to accelerate every every- thing as much as possible So 50 great is the strain for speed that J the federal land banks have been secretly to clear up 14 H months' months cf appraisal work before December 1 p Interior Secretary Ickes indignantly indignant indIgnant- IiI ly denied the tape charge in public Slat but turned around and privately told boys inside to apply the spurs I rf e CO G S Officials seem to be a little more Incited i. i than they need to be Any observer here can see there had Pv en less red tape in this administration tion than tan In ln any of Its predecessors The reason is that congress gave Mr dictatorial powers to cu cut corn corners rs No other president has had power even In war t times V There have been a few specific cases ses where officials asserted red tape Vas yas holding them back In most o of oft oft t t these Instances a political purpose t f could be discerned The officials 1 usually did not want to do a certain I thing and used red tape as an excuse PUBLIC WORKS 2 The public works program is 5 diff differ differ- er- er f ent No one except Ickes thought he could put enough money out this winI win win- I tb Ur to do much good It is impossible rite tto be speedy and careful at the same f toe time in doling out federal funds for lor j lUch work I Ir f. f r Ickes Icke-i rushed through allotments of honey j-ioney oney at a swift pace He also made j S' S Soney vish predictions Both he and his i critics are irritated because the allotted al- al alj j money has not actually been j t. t fi Government experts figured long Tap ago IO that at it takes six months months' from rom j the time the money Is allocated to start actual construction on a build- build log ing That period has been cut down i in numerous instances Still you can- can rot DOt build castles lD in a day k h It n is as as obvious now as when that the bulk of his hL three bilIon bil- bil Ion dollars will not reach the labor labor- e en 1 before next spring Q S i Interior department we usei-t usei t ta d a 4 haven for Iber Hber liberals ti t It Iti t i I lda fut losing that n. n Tho lit t nearly came to the point or- or or-a or tP public c airing recently It was WilS reported re- re ported Assistant Secretary Walters m- m ml l f ded resi resigning ning He Be denied it and i things calmed down f. f ff f Underneath there is a strong conflict con con- between the liberals and Ickes' Ickes administrative assistant Ebert K Bur Bur- t l w The liberals say Burlew opens ran til Il the mail and the man who opens taU ill the mail controls the department While Burlew Burle is getting closer to Ick the liberals liberal are getting farther away v- v Most dejected is is Henry Slattery He was wu long a confidential adviser of Gifford Pinchot the Pennsylvania progressive p Ickes chose Slattery as ils Lii per personal onal ass assistant tant but since tak- tak Continued yn n Pate Pare Three ESIDE STUFF from P pue One r- r a. a side side- has been on a j department who want the In lit MeI done go to Burle t rankleS the progressives es most rost It What Is Is' a holdover from that the H C over ver probablY will get his b bays ys without a n n resignationS down r bones but ut It t will re- re broken jons o or b reorganization inner hair an n IG SHOT insiders of the most influential One who keeps his name out outi tit I n man He is Frank newspapers tf bE the head of the federal stalls stalls- i Wilker coordinating agency His job hIm contact with every un- un department He HeI rUnt government spokes spokes- the I using it to become the thC w with th government govern govern- Jilin for fot That gIves him a aI ment with the president so equal ture concerned arc they juI as I t c the TroN price o of cotton Is the hidden loan fice ree he Russian n export K deal was stalemated for a while be Interested Interest d dapin b t B. B p F F. C. C officials got that into suddenly when they noted apin a- prices n needed ded stimulating Jones SSt Chairman Jesse t is why Lh see other officials instead of f him It makes them co come e to o Having consummation of the deal that tL be m ii ouch nearer t t. t NOTES Ithe Henry Ford has hired new adver- adver to conduct his new cam cam- agents The idea of employing war should be in the Ford plant Credited edited to them 1 t j G General Johnson now speaks of the thet If you guild government hUt t KR A as read ad the history of guild governments in ia England gland you will receive some en- en on what he has in mind mind I The F. R.-F. C C. has been paying the ther treasury r ury 31 2 J 2 1 2 per c cent nt for funds it borrows but there will have to be bean benn an now ROW Jesse Jones cannot lend money t to banks at 3 per cent and M p pay i the treasury 3 31 2 l 1 per cent for forthe forthe the same money aa fr E Experts believe the new Jones credit will have little effect on commercial inter interest t rates generally N NEW NEWYORK YORK K t By James James 1 k Copyright r McClure N Newspaper Syndicate The Nazis have have been busy butter butter- the side tut 11 their American bread on i I they think will help the most When When Hjalmar Schacht took over Dr D Luthers Luther's job as head bead of the bank bankhe he Intimated broadly and pub- pub that Germanys Germany's foreign short tern term creditors could go whistle for tor their money His bark alarmed the tHew- tHew NewYork York banks which owned such f r But it seems that he was kidding for or borne home consumption He hasn't bitten bit bit- ten yet On the contrary nearly 40 per cent of that short term debt has hasI I seen paid off oft since the Nazis came into power power much much to the surprise e anaI and ana I delight of the creditors Some Sonic creditors cred credo came off oU better than others but the en whole the Nazis NazLa have done their bes bl best the people they t think are most worth pleasing 4 Evidently they are acting on the F principle that a bank in the hand is worth two boycotts in lii the bush 3 t 1 The scheme is Js apparently working tout about as planned There has bas been a aI I remarkable increase of pro Hitler sentiment among the high and mighty j lof W bf Wall street in inthe the past few y fe weeks Their approval of the Nazi regime 1 doesn't yet go so lar tar as to imply fresh t I credits It ma may be that the lire fire overestimating the power of their ew friends to do them good In other directions 1 h n Of course theres there's no guarantee that the tUie balance of the debts will be paid i f the thes e s same me way The banks are as about that as a small boy who i Expected a licking and got a piece of candy instead But two-fifths two of the I loaf is a distinct improvement on none one BOYCOTT I i j The Nazi anti-Nazi boycott has b had d very little effect on the passenger list of German steamship lines but freight traffic is something else Hamburg- Hamburg American ships used to average to tons of imports Now the average Average is 1000 to 1500 English Trench french and Italian lines profit S Japan and Russia are getting the cream of American toy trade that wed ed to togo go to Germany Italy is also torning borning on ng in for a slice L New New Yorks York's response to its us big pa i We rafe astonished even the local loca N R A I They expected a quarter of oft ofa t I a million Bullion on the march but they had hadrI 0 rI t Jo O t Idea a. a that more than a million and andI andt I t halt lf bystanders would stick sUck around J f 10 Mr for Z nearly Jearly ten hours The crowds Vwe ere thick at the thc finish I 1 L I This phase of the demonstration registered deeply with local big big- timers who are not so keen about the blue eagle agle They hadn't dreamed th that thai popular Interest ran so high Hall Hall- formed plans to start a belittling campaign cam corn looking toward the revival of rugged individualism have b been en put away in moth balls and will probably stay a while The Thc stock exchange parade contingent contin contino gent was booed against as ao well as boo boo- ing Wall street runners and clerks had the time of their lives razzing Mayor OBrien O'Brien but they in turn got the berry Irom the sidewalks at several several several sev sev- eral points along the line of march n BANNER NN R I. I The only blue eagle banner displayed displayed dis dis- dis played for lor blocks along lower Broadway Broadway Broad Broad- way on parade day floated in front of the Guaranty Trust Wall street got a kick out of that because the Guaranty is known to lack affection for the bird and up to then had certainly made no point of ol displaying the thc symbol of its N NR R A membership It is under understood tood that Washington inquired how come and I the bank de decided decided decided de- de it would rather surrender its dignity than argue Anyway it Jt was a 8 conspicuous gesture when they finally made i it TAMMANY Tammany intends to make a campaign campaign campaign cam cam- issue out of Wall streets street's Bronx cheer for lor OBrien Its It's O. O K with the If Jf they do The financial financial finan finan- cial district has so 50 far been a a trifle cool to th the fusion cause because it is suspicious of Candidate LaGuardIa The fusion fulon leaders are hoping that the Issue raised ed by Tammany will cause the boys to climb aboard and render some needed financial assistance The grim specter of Joseph V. V McKee Mc- Mc Kee is arising again t to plague the T Tammany greats If the thc threat grows serious Grover Whalen will undoubtedly undoubtedly edly be trotted out to head it Jt off oft Grover stands in well veIl with the Merchants Merchants' Merchants Merchants' Merchants Merchants' Mer Mer- chants' chants association and has long been n groomed as a possible lightning con ductor Tammany is sunk i il if either LaGuardia or or McKee becomes mayor TAXES Not a single item on Tammany's shiny new tax program will be collected collected col cal without a terrible struggle Every Everyone one of the interests affected is planning a court fight to the last ditch New York bankers are full fully lully aware of this even if il Tammany isn't so so the thc tiger is lS In for lor a jolt if it expects expects ex ex- credit to come any easier just because the tax bill has bas been passed And on top of that the leaders ol othe the faithful are arc in for lor a salary slash Its It's a hard life lire SIDELIGHTS It It- was tactful of Mr not to try try- to tax the commercial banks Th That t would have been biting the hand you hope will feed leed you ou The stock exchange continues continues continues con con- to shadow-box shadow about maying moving moving may may- ing to New Jersey But after alter all the costly exchange building wont won't fiton fiton fit lit liton on a ferry lerry or slide through the tunnel Wall street has bas no rio intention of yielding supremacy to La Salle street in Chicago cither either There has been a m marked improvement in Mayor O'Brien's ns n's literary style tle His ghost is as anonymous as the man who socked Huey LongI Long I I |