Show I a aI I THE DAILY WASHINGTON J I Financial Whirligig I Written for The By JAMES McMULLIN NEW YORK YORK New New York financial and business business business busi busi- ness leaders have a mad on at General Hugh Johnson They thought he had really begun to see things their way His backstage efforts to head off the steel strike certainly pointed in that direction Industrialists from here who have talked to him recently found him more sympathetic to the problems of capital than at al any time since he became the Blue Eagles Eagle's boss Then he went to San Francisco and nd spoiled l lit it all Despite his castigation of radicals in labor ranks he isn't playing the game as the thc conservatives would have it played Two of oi his unpublished moves have annoyed New York timers big-timers especially Mayor Rossi ossi of ot San Francisco was all set setto setto setto to ask Governor Merriam to declare martial law aw Johnson persuaded him not to That was upsetting to those who thought martial law would help sell the public on the seriousness of ol the communist menace behind the strike Insiders also learn that Johnson got very rough in rough private with the representatives tives who blocked arbitration by refusing to recognize some of the maritime unions He failed completely to show proper solicitude for forthe forthe forthe the open shop His backstage attitude has been friendlier to the unions than New York likes and its it's feared his intervention will save labor from the rout open shop advocates foresaw and hoped for may for may even help the strikers to a qualified victory That's enough to brand him a villain in in fi financial financial Li- Li eyes New York Worried The closed shop aspects of the battle assume increasing importance in New Yorks York's view The informed say the ship lines were asked to sign signa signa a blank check check agree agree in advance to accept the results of arbitration on all counts They were pointedly not allowed to make reservations to protect them against the closed shop which shop which is why they turned down the proposal A very stubborn scrap is in in prospect on this score and no amount of pressure is likely to break down the ship mens men's resistance In this they have staunch moral support from here as well as from the San Francisco Industrial association The latter's year five plan to fight for the open shop is warmly ap approved approved approved ap- ap proved in in financial circles circles so so much so that thai similar campaigns may be launched with New NewYork NewYork NewYork York backing in other ind industrial centers threatened threatened threat threat- ened with labor troubles Confidential reports indicate the ship companies companies com corn panics particularly resent the tho demand that they deal with the Seamen's union n. n They charge that this organization organization because because so few of its members can gather in one orie place at one time time time- is the special prey of labor radicals and racketeer racketeer rack rack- Settlement and Recovery New York awaits with bated breath the official official official cial announcement of whatever federal agency or official finally settles the strike strike or or claims to have done so Conservative leaders believe the tone of that announcement will have far more effect on future labor capital-labor relations than the terms by which th the strike is ended If its it's as neutral as the presidents president's statement on the auto strike settlement settlement okay But if it intimates that labor has won won and anc insiders fear it will because of the attitude of General Johnson Senator Wagner and Secretary Secretary Secre Secre- tary Perkins they Perkins they expect a fresh wave of f strikes all over the country which will thoroughly thoroughly thoroughly thor thor- disrupt recovery I Influential l New Yorkers arent aren't so confident that the thc unions will be squelched as a's they were when the str strike ke began Admitting that labor has helped its own cause by its ill moderation they blame this change in the outlook on federal federa interference This will sharpen the thc determination determination tion of big business to get the c country back into safe hands via a a. a conservative congress congress' The Thc situation is grist for such mills as the Crusaders and the Republican builders Nonchalant Ship Owners The threat to cancel ocean mall mail contracts as asa asa asa a club to bring the ship companies to time isn't as terrible as it sounds To many lines Unes the mail mai subsidies are simply a means of ot paying of off R F C loans If they lose their contracts the thc R F C can whistle for its dough dough and and they should worry The same angle applies to Farleys Farley's plan of revising ocean mail contracts to a weight basis recently mentioned here Comment runs that thai Farley Fancy doesn't seem to care how much money Jesse Jones cant can't collect New Anti-New Dealers are encouraged and amused by the thc growth of rows They add a prospective Jones Farley-Jones ar argument argument argument ar- ar to a alist list that includes Jones-Ickes Jones Rich- Rich berg Cummings Ickes-Cummings Ickes Mor Jones Joncs Roper-Perkins Roper and Wallace Johnson-Wallace dis dIs- dis- dis agreements They say the thc president rates a Nobel prize if it he can keep his own official family from chewing each other up Copyright 1834 1034 McCure newspaper per Syndicate dl at |