| Show I I TilE THE DAILY V WASHINGTON AS INGTON J I Fin Financial an cia 1 V Whirligig h j r 1 i gig I Written for The Tho Telegram 1 By JAMES McMULLIN NEW V YORK YORK The The presidents president's housing program program program pro pro- gram evoked a warmer response in New York than anything he has tried for a long time Heavy industry leaders and their banking friends rate it a huskier horse to haul them out of the swamp than the public works pro pro- gram They're confident it will lead to a sustained sustained sus sus- tamed demand for building materials from private private private vate sources which will move faster and las longer than the slow motion picture directed by Mr Ickes Local conservatives hall hail it as the first as assault assault assault as- as sault on unemployment from the right flank Mr Roosevelt's words about government co cooperation cooperation cooperation co- co operation with private capital and industry fill them with cheer They believe he means it and see a chance to work with him for lor once on lines that dont don't threaten the profit in in- in The program fits their contention that the capital goods industries must be given givena a substantial boost before permanent recovery is possible Real estate interests are wary but hopeful They are always suspicious of anything which involves new construction but in this case the suspicions are more than offset by the outlook outlook out out- look for greater stab stability lity in the mortgage mar mar- ket A widely idely circulated market letter from a conservative and influential Wall Van street house grows positively lyrical in its enthusiasm enthusiasm lor for forthe forthe the housing plan Its It's significant as a fair sampie sample sample sam sam- pie of local rank file ile right wing sentiment The idea is stressed that F. F D. D R. R has finally fo found nd the right key to the reemployment gate and that such foolishness as monetary experiments experiments experiments ments and shorter hours under N R A are arc henceforth doomed t io to the ashcan This house is so pleased that it extends blanket absolution t to the president for his earlier sins It informs Vall Wall street readers that the housing program is Mr Roosevelt's own whereas own whereas such heresies as the Thomas amendment Warren gold buying plan and N R A were forced on him by a radical con con- gress Reed Victory Machine Made New York Republican inner circles didn't gloat as heartily as you might think about the primary victories of Dave Reed over Gifford Pinchot and Hamilton Kean over utility-baiter utility James Blauvelt Naturally they favor playing them up for the record as a sock in the eye for the new deal Privately they discount that angle heavily In Pennsylvania the machine was mustered full force to put Reed across and across and it did But inside apprehensions are freely expressed that Guffey will corral a a dangerously large proportion proportion proportion tion of the impressive Pinchot Pinchot- minority in No No- vember In New Jersey Blauvelt staged what amounted to a one-man one show show so so his nis defeat meant nothing It have been a shocking surprise to the old guard if he had even come near winning whining Still the utilities derive comfort comfort comfort com com- fort from the indifference of the New Jersey electorate to their status as an issue No Help to Tammany The elevation of f William Villiam P. P Kenneally to temporary boss of Tammany is no no help to Jim Farleys Farley's plans for party harmony Jimmy Hines who Hines who en engineered the Kenneally coup coup coup- is a very practical politician and will exact a high price in terms of patronage and trades for any cooperation he gives ives the Roosevelt Lehman wing Moreover Moreover- Edward Ahearn who Ahearn-who who was closer to teaming with Farley than any other Tammany leader leader has has been thoroughly frozen out Ahearn Abeam will combine with Boss ex-Boss Currys Curry's friends in an effort to dethrone Hines but it will be quite a job Its It's understood that Farley Fancy will vill continue hi hh hands off policy and keep his fingers crossed But his dream of one big happy family begins to look Jook like an unreachable unreachable able mirage The informed hint that the thc leadership candidate candidate candidate can can- privately favored by Farley Parley is s Stephen A. A Ruddy a Ruddy a dark horse who is also a prot ge of Senator Wagner Vagner South American Picture Several seething pots in Central and South America show signs of blowing off the lid at any time In Cuba Cub the Mendieta following hasn't turned far enough to the left to satisfy disgruntled disgruntled disgruntled dis dis- dis- dis elements Radical sentiment is backing backing backing back back- ing San Martin and the army may swing to him The key man is probably Batista who Batista-who who is proving himself bigger than expected Summer will bring of money for army payrolls in S Santo nto Domingo and the Trujillo Trujillo Trujillo Tru- Tru government may not weather the storm Authorities say revolutionary plans are far farenough farenough farenough enough advanced tr make fireworks likely Continuation of the Chaco warfare may y in involve involve involve in- in in- in volve Argentina and Chile now Chile now said to be backing the contestants financially Chiles Chile's economic dependence on a slackened demand for her minerals mineral is a factor She might help Bolivia win the war and then invite her into a permanent political merger Cop Copyright 1 McClure |
