Show INSIDE j. j STUFF r. r Politics po liti cs and t. t Finance WASHINGTON t- t ii By Bi George Durno almost suspect Robert Roberti f. f One might i H. H Gore of Chicago and Florida Is ib bout bou ut washed up as governor of or P Porto Rico t He's Hes e the h gentleman who legalized If i e cock ck fighting on the island and air ob- c t tamed ined d u undated d ted resignations from all allI r I of chis liis s appointees 1 This his week he is due to enter Johns John Johnsr r Hop Hopkins s' s f for or Jr a kidney ailment His Hist t entire family accompanied him from f San n San Juan Juan for the ordeal V t t J E Criticism of cf Gores Gore's reign over Porto PortoRico t f. f Rico has ha's transcended even that leveled lev- lev ele against the administration of Ei El E E. i l I Mont Mont ReI Reilly y who was was appointed by J. J President resident Harding Reilly had a Q at at t 1 fruit vender cast Into the jug for having hav hay log ing the to display his native flag ilag on his pushcart A Native Native Senator Luis Luis' Munoz Marian after alter a protest hearing before President dent Roosevelt and Secretary of f War Dern Darn told Washington friends without with with- out reservation a Q continuation of the Gore regime would result in wide wide- I spread d rioting and bloodshed f Return of the whole Gore family looks de decidedly significant 5 SPLIT i Sen Senator tor Millard Tydings of Maryland Mary Mary- J land chairman of the senate Insular i committee has some very de decided decided de- de views about our treatment of ol the iUle territories 1 As it U now stands congress gives them th m attention whenever it has a aI spell and nothing much I eIse lse to to consider This is seldom Furr Furthermore Fur- Fur t r therm re their administration is split up up between the war navy and interior in in- tenor departments f personnel changes frequently and maths forever green to the customs nd d of the Philippines HaI Ha Ha- I lIa li the Panama Canal Zone Porto k Rico A Alaska iska- iska the Virgin Islands and J Guam JOINED OIN D As soon as congress goes into its Us huddle Tydings intends to fi January uary 1 1 1 drop a n bill in the hopper Jf 1 ing all aU of ot them under a director of H l insular affairs and territories T This would be nearly a cabinet job jobi i in ix importance tance All AIL of at the territorial governors would be under the i tor His office would junction function p per r J i. i here hue and overseas to maintain main main- I tam tain intelligent contact A concerted I and continuous front would would would-be bc presented pre- pre t J seated ted to c gres n White UH J A House owe t t But dont don't call all the proposed new post secretory secretary of colonies That f rubs our outlying regions the wrong j jf f j way was a I i Ant AIR WISE r American aviation will be vastly ex ex- i j Roosevelt has hI his hist t t way at the forthcoming Pan Amen Ameri i can cari conference convening at Monte Monte- i video I It T Although the United States States' position V to b be he expounded at the Uruguayan 1 stresses capital improved communication I tion between the two western continents continents conti conti- I by water water and and even by a road wh which h our government promises to survey the thet the real real means of travel be be- tw tween en the Americas in the future is in the air 1 Mr Roosevelt mentioned the disadvantage disadvantage 1 vantage we were put to by the regular regu regu- I lar oceanic trips of Zeppelin J Decision to build up c our bur r long range flying carriers will not be news to the I 1 advocates of aviation as a Q first line I j i defense se J SUBSIDIES In this connection conn cUon most of the papers pat pa pa- c J t pers Jailed to give any prominence I f l at all to one point in lathe the White House statement of position 1 I I This had todo with ocean mall suby subI sub- sub y V I President nt Harding made an n effort eUort toi to give the American merchant merchant merchant mer- mer chant marine direct subsidies as do other ther nations It became a 8 national lost President Roosevelt says the general gen gen- 1 L eral public would better understand t a bald subsidy than thana a disguised m moil mail il au subvention n. n He promised sed to ask con con- grus for gress-for or such action which action which will renew renew re- re new the fight of 1921 4 t It t might b be added Mr Roosevelt It sho should Id be placed on on a strictly X Business basis This Thu probably m means ns J some of at the steamship lines will have I their present high moil mall carrying subI subventions sub sub- I reduced materially ENEGE El-EGE t Relief Administrator Hopkins minced no words in condemning the t. t t. t Continued on Pille Two INSIDE STUFF Continued from Pace Pare One failure of Kentucky to help look after alter Its ts destitute unemployed Now v that the federal government has LOS been forced to step in and do the whole job officials here point privately privately to the many ways ys the Blue BlueGrass BlueGrass BlueGrass Grass state could have raised Its share of the ante One suggestion was a tax on the get of the stud farms arms and anda a further lev levy on the race track pan parl parI But why not really meet the situa situa- Ion tion Governor Laffoon by taxing all of those Kentucky colonels NOTES Ever since the shooting began again In n Cuba our ambassador Sumner Welles has been a real war corre corre- In addition to using the he long dist distance telephone frequently he 10 has b been n sending rending from four to five cables daily deity ranging from to 1000 words Simeon Fess probably vill will get some tall competition from Harry larry L. L Davis for the job of Republican ican liron senator from Ohio now that Davis avis has proved he could come caine back politically Davis former governor gover gover- nor lor of Ohio and once in congress ls is Isi the new mayor of Cleveland NEW YORK By James lames McMullin 1 Some of Wall streets street's keenest observers ob- ob servers will tell teJI you that Mr Roosevelt's Roosevelt's Roose Roose- velt's currency maneuvers are aimed at it higher stakes than most people realize When he hc mentioned raising the world price level during the London conference Europe couldn't even bo be bothered talking about it Britain BriWn was wa-s especially aloof and stuck to her principle of a cheap pound for foreign foreign for for- eign trade with no domestic price rise Now Britain is being forced toward our position whether whether- she likes it or not The pound at or more would ruin her One measure she he can ke without undue risk would be e to raise the sterling gold price from the shilling level it has maintained for several months This would mean a cheaper pound in terms of dollars but it wouldn't af affect ct the gold price of dollars and therefore wouldn't impede our program But It would probably raise British domestic prices in accordance with the original Roosevelt plan France and the others would have to follow suit Montagu Norman wouldn't like it it but but so what RETALIATION Of course Britain might try retaliation re ye tali first She has several alter natives One would be to slap a tariff amounting to an embargo on our goods when the tariff truce expires Another would be to call Australian bonds here for conversion to sterling Still another would be to place restrIctIons restrictions re re- re- re on the London gold market Or she might even take steps to finance American Industry in London which would tend to strengthen the dollar against our administrations administration's wishes Theres There's just one slight drawback draw I b back ck to this enticing scheme No American borrower who cant can't get service service ser ser ser- vice here is likely to be able to meet the rigid requirements of ot the British capital market There Is an important reason why she Is more likely to cooperate by raising the sterling gold price than to retaliate even though it grieves her to do so The dominions favor avor our policy because they have agricultural agricultural agri agri- cultural products to sell too and end England England En En- gland isn't crossing her dominions these days das if she can help It DOLLAR New York hears that American representatives representatives representatives rep rep- of European governments are advising them to expect the dollar dol dol- lar Ian gold price to go to 35 and quite possibly to 40 CONSOLATION England can get one consolation out of ot the rise of the pound against the dollar If it keeps up it will make that token payment In December December De De- cember practically painless To say nothing of transferring to the United States whatever debt settlement is isor isor is- is is-i is I or has 1 been arrived been arrived at CAPITAL J The flight of American capital to London has speeded up lately through the sale of securities and commodities ties abroad The federal reserve still imposes technical barriers to direct exchange dealings Most people expect ex ex- poet billions to return with a Q rush Uwe if U we make a move to stabilize The wisest observers are not so sure They point out that congress meets against soon and is perfectly capable of upsetting any presently discussed stabilization agreement the government may have reached They believe most capital exporters will wil continue to feel safer with their funds somewhere else until after congress has finished its act many months hence GREENBACKS Local financial sharps are now convInced convinced con con- vinced that we might as well get used to the Idea of greenbacks I They remark that government ideas about spending money get broader every week The new civil works project to give jobs to the loans to railroads to buy rails roils and locomotives the growing list of loans and bonuses to farmers the lIquidation liquidation liquidation liquida lIquida- tion af assets in closed banks the R. R F. F C. C advances of capital to banks to qualify them for deposit insurance together add several fat billions to the outlay contemplated several months ago Then theres there's always the chance we will rate Russia as a public works project by advancing her R. R F. F C C. credit In some diluted form And on top of all this nearly a billion billion bil bil- lion dollars of the Liberties called for Cor payment next April have not been turned in for conversion That means the holders want cash and the g gov government v. v has to provide it There is real doubt here th that federa fed fed- era end erot credit can possibly stretch that far Paper money money or or extreme devaluation de de- de- de valuation valuation valuation-Is is the only other answer SOUND MONEY IO EY EYThe The National Economy league formed to reduce veterans' veterans appropriations appropriation and the Crusaders for repeal repeal re re- ro- ro peal are arc both thinking about abouL enter lag ing the tho field of sound money propaganda ganda There are two obstacles The leaders cant can't agree on what is sound money and they're not sure that the armies recruited for one one cause caus could be led to battle for tor another TAXES Wall streets street's dr dream m that repeal would repeal its own pet nuisance taxes on capital capitol stocks and excess profits is coming true true for for how long The ex extraordinary budget has grown too much to 10 permit such relief to 10 be bep p permanent Some of the boys bos think they'll be lucky If these taxes arent aren't jacked up when congress reenacts them I SIDELIGHTS SIDELIGHTS' Calls Colls for office workers In Jn the metropolitan met district were nearly 75 per percent percent percent cent higher from April to October than in the same period a year ago Samuel Crowthers Crowther's new book America Self ContaIned records a major turn in American history It has the approval of the leaders in our once vast export trade George Schmitt current visitor from Germany calls calli himself a big shot inthe in inthe the He isn't really but the publicity helps help his wine business |