Show INSIDE IDE STUFF I f. f B By PAUL MALLON WASHINGTON Aug 14 N 14 N R It L Leon on n Henderson received off stage raspberries raspberries' rom from his ex colleagues in business when he said recently re reo re- re that a marked fall all improvement improvement improve improve- ment was a good gamble Mr Henderson was suspected of whistling while passing graveyards Also there were many chuckles over fer the uncertainty implied In the use of bf that hat word gamble Yet a check of ol the cOI confidential estimates b be being e I in n g Confidential made by the best Data Uphold business author author- Optimism ties lies indicates Mr S Henderson k knew new what he was talking about abouL The Thc sources of these estimates cannot be disclosed ed publicly but you may rest assured they are arc not graveyard whistles whis whis- tIes for the new deal They have confidential data showing show fn ing ine the scope of the governments government's spending pending plans Solely on these figures figures fig fig- ures they judge that the fall rise September and October will willmore be bemore bemore more than seasonal possibly 7 percent per percent percent cent more Exact figures figure on spending sending cannot be published All that can be said now DOW is that the money will b be pushed out ut in increasing quantities through the A A A AP P W A and other agen des les As an an instance o of what can cm be done The Fh C W A method of ol direct handouts hand hand- outs is supposed lo to have been en abolIshed abolIshed abolished abol abol- last spring but bul right no now th the F FER E R B. A is passing out money under different guises to a substantial portion por por- lion tion of the people who were living off oU the C W A. A There arc are un con mable Ih-mable indications that thal as many as persons are now b being ing cared for lor or or will shortly be cared for tor through this device I S Far Farm purchasing power can be S Continued on P Pare Page BC Two INSIDE STUFF Continued Scorn from Pace Fate One Onel maintained at a Flow of or Money much s stronger t r on g e r to Accelerate level than the Durin During Elections drouth would suggest sug su suggest gest Farmers who have any crops will get real prices for them Those in the drouth areas will be supplied money by the government gov This money flow from Washington will certainly be accelerated accelerated Olccel- Olccel until after the November Nov elec elec- lions Then winter relief arrangements arrangements arrange arrange- ments will be ready S 0 There is much more underlying bitterness bitterness bit bit- against President Roosevelt among big business men than has been publicly expressed For instance in stance the most popular book in financial financial fi fi- fi New York is one entitled Frankie in It was written anonymously but Is published published pub pub- by a reputable firm appropriately appropriately with a red paper cover Copies are at al a premium The first printing was sold out long a ago o. o Also the financial air is filled with smoking room jokes about the new deal deat some of which are printable Apropos of the federal deposit insurance insurance in and the popular son song Of Thee I Sing Baby it is related that Mr Roosevelt is cracking the bankers with a rule and requiring them to yodel F D. D I. I sing 0 S S Much of the sarcasms come under the head of ot good fun even if it it is not always clean and you find some f financiers fin in- in taking a sympathetic attitude toward the government One financial financial finan finan- cial wizard wiard whose judgment is as asgood asgood asgood good a aS any has this very interesting S view I I dont dont don't mind wh when n the new deal says there ase e e to be no profits for a 8 afew afew few years 1 r am not trO troubled bled when it il tells the fat at fellows they will have to live off oU their fat at for a while I do donot donot donot not get aroused even even when it decides to make those who have money pay half hall of ot it il to the government in taxes I think all those ore are probably good things But I d do believe the time has come for Cor a change of at tactics on the part of ot the administration I think its attitude attitude atti atti- tude is all wrong rong The time has come to end uncertainty uncertainty es much as asT T Time me Arrives to po possible ble and en- en n- n End Unc Uncertainty courage business for Business to fo go ahead For instance all aU the cards in social insurance legislation next sessi session n should be laid on the ta ta- ta ble Business should be permitted permUted to know how much its costs are going to be raised by such legislation It also should be permitted to know the extent to which It Is going to be affected af at- by tariff policy S I I 1 do not ask that Mr Roosevelt change his new deal All I say is 15 let us have it and get it over with Business can readjust itself to to what is demanded of ot it il and then get started start started ed on something like a permanent basis Until that Is done I cannot see any end to uncertainty or any chance for substantial progress w S S The opinion is general In the best silver circles that the new silver polIcY policy policy pol pol- icy will hasten the collapse of ot Europe's Europe's Europe's Eu Eu- ropes rope's gold bloc The retirement of France from gold leadership has been expected as long and is yet considered consid considered ered as certain as General Johnsons Johnson's retirement from the N R A. A S S S Chairman Kennedy of ot the securities commission h has s had some private business experience with the motion picture industry His associates say that at a recent private gathering of business men one told Kennedy Now take the motion picture industry indus indus- try Whereupon Mr Kennedy broke in and said You take them Ive I've had th them m. m S S S German circles here have what appears app appears ap ap- ap- ap p pears to be creditable information indIcating indicating indicating in in- that Herr Hitler littler will very shortly 1 cut ot off h his right hand man Dr Goebbels Copyright 1934 for lor The Telegram |