Show INSIDE STUFF By PAUL MALLON WASHINGTON June 14 The 14 The Tugwell Tug Tug- well case was only a public skirmish t E to lo screen a real political politic il movement It was started by several conservative conservative conserva tive southern Democrats who are dissatisfied dis- dis satisfied atis led at heart with the way the new deal is going Case They do not like i Was fas Used for the N R A A A A r- r Smoke Screen or even the P PV W V A spending although they cannot afford aford to say so publicly f F is as yet They did not like the thc gold goldI I policy but they have had to keep more or less quiet about that also The nomination of or Professor Tug Tug- well veil as undersecretary of agriculture gave rave them an opportunity to release some up pent-up feelings without exposI expos expos- I It ing lag their position They jumped at it r In e 9 The senate agriculture committee r hearing showed how they felt Celt They knew they could not defeat Tugwell's r promotion and they did not care to They merely wanted to talk about their own attitudes attitude and they did f No one went so far as to break t. t with the new deal but only so far asto as asto asto I to express displeasure with radicalism radical radical- urn lam The whole show smacked of oC second see see- end cad rate political vaudeville involving involve ing lag stump speeches and sharp side remarks much the same as in the I Wirt hearing Tugwell handled himself rather modestly and quietly as if it he did not want to antagonize anyone He was was amply protected by the liberals on the committee including Senators Norris Wheeler and nd Bone The crowd whooped and booed The professor professor pro pro- fessor seemed to have the advantage audience because because be be- with t the ladles in the cause he was younger and more handsome handsome hand hand- some than the senators present Mrs Tugwell was so bored she he f went home after the second hour It that bad was just j e eThe I I The serious portent of ot the thing f was entirely lost on the participants two wand and on the audience r Fit It is that there will be more more- Wirt hearings and more Tugwell hearings 1 in one form or anNew anNew an- an l l New Deals Deal other as long as asI ast I t Opponents the new deal conGrow coni con con- i Grow Bolder to encounter tar ter the private dis dis- i r approval of ot the m more re c conservative element among ils 1 own supporters Day b by da day rae opposition is getting bolder Dr Wirt was not important Prot Protessor Pro- Pro t fessor Tugwell is only a little more so 30 o. o The e underlying motives behind each tach case else will undoubtedly continue r to to grow in importance as the newL newness new new- L ness of oC the new deal wears off oCL I r. r r 9 e k The senate enate never was able to find out what Professor Tugwell really r was a was a Socialist a Democrat or aI a 1 what not notI I I If It the senators had called upon Tugwell's friends for the answer they would nave have found that he is rated among his intimates as a 3 parlor par pat lot lor pink That is about the only phase which accurately describes his political views It is a term coined many years ago by red agitators to describe scornfully scornfully scorn scorn- fully tully a diluted radical It Implies t such uch things as white collar liberalism liberalism liberal liberal- t ism ism a rejection of both socialism and communism a passive agitator with with- I f r out political moorings r s e a. a I E It II is also the con consensus among r Tugwell's associates that his pinkish I hue tue has faded sev- sev Professors Professor's eral shades since Pinkish Hue he has had the re r Fades a i iLot Lot s po n ol of public office If you compare his 1931 sp speeches with wilh his 1934 speeches you will get gel the idea He Hc has whispered to lo several several sev seve eral pals that those old addresses have come back to haunt him like forgotten ghosts of the past He would like to tear them up If it he could Not being able to do so so he must defend them as best he can Nothing will make a n man grow graw away from radicalism fas faster er than reI re re- re I a a a Th The Inside situation is working l around now to lo the point where the theIl l I-l Investment bankers are going to promote promote promote pro pro- mote the capital finance market markel They have b been n virtually on strike since Ince the securities act t was ivas passed That may have been because t they were afraid of ot the securities act or because no big financing could be done dOMe Beginning June 16 investment bankers can no longer be bc private bankers A number of ot houses un tin tin- like Morgans Morgan's have ha chosen to be InVestment in in- vestment bankers and nothing else eke They can have no other source of ot revenue That means If they are arc to live they raey J will ill have to get busy and stir sUr up come fome capital capit 11 financing They wilL Copyright 19 1934 for The he Telegram |