Show L I STUFF TU FF Politics and aid Id 1 Finance i C e W WASHINGTON ASH n By Paul raul Mallon MallonI I Copyright 1934 by Paul Mallon T The best tip Up on the new money pol pol- leY lev is the fed fact th that t James Warburg Si will be around th the Wh White te House pin again very shortly r Warburg Is th the presidential money went out cussing several sev sev- adviser r who I I eral months ago BEAL LEAL when the Warren j kON ON MONETARY gold price auto auto- DECISION I gyro was started 1 He has has' not ot been teen back alone H He spent th the intervening against the time campaigning i ing e Warren mode of economic uplift The return of oC the sounder mon money y 1 ri to the White White House ous fold will c confirm the Ufe recently growing suspicion cion n that there will be more Warburg and ELd less lesa Warren in the money policy polk h Ci h J pMj RO did not jump into hIs new new money policy He was I pushed phed t is 15 a very touchy topic PIC and no noone one cne wants to talk tolk about it but there terns ems lo to be good cause f for r believing that hat the e bankers gave him the nudge which sent him overboard They are re practical men When tl ti tie y- y raw his budget provided that they hey sh should uld handle hand e 1 of I government securities in in- In- In inthe the n next six months hs hey they began to make pertinent Inquiries about the future monetary of the borrower The Th answers answers the they received about Uhe Hie government g to ing-to make e o big t profit out of devaluation some time rin the future did not satisfy them J E. E The They prefer efer to lend money on real- real lUes not prospects fi i What they pe really eally wanted anted ted was devaluation de de- valuation j and stabilization on a cessac cessa cessa- c h. h Lion tion Cn of ol this tam tarn COMPROMISE with money II GIVES BANKS and establishment definite base ASSURANCES of a I f th they y could bank on t LWe We We arc going Into a B period of of- an almost certain business business' upturn The rc capital pital finance market mark is dead e d. d One Onel l cause ause probably the main one is money ney uncertainty Bankers would be e C too fools to go o out tand and fi fina finance aj c business busi- busi d. d ne ness nes projects end cad he hc c government gov in on grand K-grand scale c l without ut reasonable as as- what the the dollar will be worth orth when collecting time c tomes comes mes around r na Mr compromised with th m. m frig vc them positive assurances assurances assur assur- ances of ot stabilization at itt not more than tham 60 cents end and not 1 less Jw than 50 cents on the dollar That lIh should uld be assurance enough to 10 permit per mit government financing and possibly possibly possibly bly encourage private financing 1 0 The experts experts' are chuckling about the fact that Mr Roosevelt gave no nomore nomore more assurances than were necess s sary r While he be surrendered about three inches he reserved a whole mile of new v leeway behind him There her was a characteristic superb as to his plans He Re asked congress for Jor worth of chips to play poker on the f foreign re exchange table He hinted that he was going to score scare most of or orthe the players ph out of the game and force an International agreement that all poker playing be stopped hereafter He hinted slyly at bimetallism but pr promised nothing He avoided an any mention of the commodity dollar aGe a aThe The p political sf have havea a faint idea what he has In mind It ItIs is faint because he FAINT IDEA J i is confiding in no noALL noALL noALL ALL ON TAP oneAS one AS TO PLAN The They b believe the move Is 15 a clever shift from the old gold price theories They figure he will now center on onrea rea reaching hin better batter commodity price levels lev els through domestic means With Withal all al the money the government is now pouring out and a natural business improvement provement in prospect he should have li little tle dl difficulty In reaching his 1926 price level within a reasonable time Ume That shift shirt will permit Whim him to handie handle han ban dle die the international l currency and on Pate Pane Three INSIDE ST FF F Politics and Finance Continued from train Page Pare One gold problem with a vie view v to to restorIng restoring ing stability thereby opening the way for a ft resumption of foreign trade It sounds like a better belter plan than the last one a a aThe The long and the short of senatorial money matters ore are Senators Glassand Gloss Glass and McAdoo They CARTER GLASS came came out of the SEEN RUNNING presidents president's Sunday TEMPERATURE TEl night conference together McAdoo towering at least east three feet teet above Glass Glass GlaS's was pounding his fist In his hand and md telling McAdoo strongly He didn't d do it he didn't do It Obviously Glass was inferring that Mr Ro Roosevelt did not nol dare seize the federal reserve gold without congressional authority McAdoo nudged Glass and pointed to lo the n newsmen surrounding them Both immediately became circum circum- a a a aNEW NEW YORK By James McMullin Mcl Copyright 1934 McClure Newspaper Newspaper News Newspaper paper Syndicate The Heckscher suit against Rockefeller Rockefeller Rockefeller Rocke Rocke- feller Center for swiping tenants focuses fo to- cures a condition that has been developing developing de do- for meREAL more me REAL ESTATE than a year Plen Plen- PIRATES MAY l ty of other land land- BOW TO CODE lords have been sore at the Rockefellers Rockefellers Rockefellers Rocke Rocke- fellers are the only guilty parties Fierce competition among office buildings with a dwindling tenantry has led to unusual inducements all allaround around the town The gamel was so obviously cutthroat it was generally considered bad taste to sue But two final straws broke the Heckscher camels camel's back One was the loss of Universal Pictures corporation corporation cor- cor cor cor- prize tenant of the Heck Heck- building The other was the conduct of ot agents for the Rockefeller Foundation who not only abandoned their offices in a downtown Heckscher Heckscher Heck Heck- property but offered the space for the remainder of their lease periods periods pe pe- pe- pe nods at about half halt the rent theoretically theoretically cally prevailing in the building The new real estate code code if if it is ever adopted adopted Is is des designed to abolish I Ithe the piratical methods so prevalent since 1930 a 1 General Johnsons Johnson's sudden enthusiasm enthusiasm enthus enthus- for the hour 30 week is interpreted interpreted inter inter- here as an effort to outmaneuver outmaneuver outmaneuver the A A. F F. of AUTHORITIES L L. The federation SEE NO HOPE wants urgently to IN LONG WEEK be represented on C code cod 0 d e authorities Ge General cral Johnson opposes that Idea Idea Idea- but heres here's a sop to Cerberus I Local Insiders Insiders' doubt that the federation fed will be drawn off of the trail but they do think that Johnson Is forecasting an inevitable trend Authorities Au Au- I on employment feel reel more strongly than ever that there is no no other way to take up the slack The dope here is that the administration will press the he point gradually and as painlessly as possible Even so there are bound to be lusty yells Its It's primarily manly marily a question of putting social benefits before profits profit New York experts point out that hat one aspect of the shorter week has not been spotted Operating from a hour 30 base additional consumer demand demand de do- domand mand c could be met in future by I lengthening hours instead of requirIng requiring ing costly and uneconomic capital expenditures The industrial system would be much more flexible a aThe The International Silk Guild has recently been formed to resist further further further fur fur- ther encroachments of synthetic s fabI fabrica fabrics fabrics fab fab- fab- fab rica on the market I GUILD GUn FO FORMS for the original FOR FIGHTING product The de de- BOGUS SILKS tense Cease fund has so far been partly by American and and partly by Japanese sources There will wiil be an aggressive publicity publicity pub pub- licit campaign on on behal of the natural natural natu natu- ral rat product with special emphasis on the proper labeling of fabrics The enormous strides made by rayon and other substitutes in the past year created created cre cre- an urgent problem for tor the silk dealers The Ironical twist h is supplied by bythe bythe bythe the fact that the chief publicity agent happens to be the same individual who first put over a a successful campaign camS cam to sell rayon a aThe The most powerful man in Germany Germany Ger Ger- many after Hitler and Goering is Heinrich commander in chief of ot elite nazi special guards Himmler is also police also police commissioner commissioner com corn missioner for Munich He was recently appointed in addition addition ad ad- to his other jobs as head of ol the political police of all the German federal states with HEAD SLEUTH the exception of RANKED ONLY Prussia BY TWO NAZIS Insiders here see in m this move the first sign of the coming break between between be be- tween the Hitler and the Goering fac fac- ac- ac The latter personally heads the secret state police which is practically practically pra limited to Prussia Recently he was t tricked into accepting a government government gov gov- official by the name of ot as inspector general allegedly to relieve Goering of the detail work Diehls Diehl keeps Himmler and Himmler-and and through him Hitler informed Hitler informed on Goering's not so public activities |