Show INSIDE 1 I STUFF r By Br PAUL MALLON t jV WASHINGTON Dec 10 The mirtest business thinkers here be be- lie e. the next 90 days das will tell the M of the important cards now Own n or or uncertain will be out tn Washington table by then one will know officially about resident Ident Roosevelt's plans h ins his adget his expenditures his money The N R It A r reorganization b eme rne then will have been b n worked Ut l The effect of securities comon com corn Ion on regulation will be apparent Yo u also atro will know what congress f Ze iI o to do about money and other t It things create a favorable v V. V general impression I tat tt Data you Jou ou will see the kl rate Fate of existing tight light sit sit- Wiry 5 Plan fun loosen looren up 1 L considerably Tb Insiders who know what is Ini I believe e a a vcr very favorable sit sit- on fa reasonably to be e expected t 11 alt til the news will be good but butof t of it will At least those who ire are arc privately preparing it in In- to tOmake make it good goode the Inner feeling now seems to be beer beo o er general that President Roose- Roose t must t have a more amore substantial r and have it soon All the r l In th the thc world will wUl not do any L good d Unless unit it Is d 7 hopeful business leu- leu conditions r H really needs the substantial re- re iy now to protect the reforms hu hH made There Thore Is for instance 1 other Giber safe way out of o the th govern govern- wit et t I spending ending situation M ou You U can ean sense ense this unspoken feel feel- I H lut Plainly in n all aU the government bulut bu bu- us from the White House on Wn Of O. course wishing for reco nd nd d getting it arc two different It C but the change in government Continued on fw PUt Tw t 1 INSIDE STUFF Continued from PAre Page One approach approach is at least the first half halt of ot the battle batUe S C t The securities commission Is js putting putting putting put put- ting the final touch on i its regulations for permanent reg- reg S E K C Plans of ot stocks Re Registration now on the marOf marOf marOf mar- mar Of All Stocks ket keto These There will be published within two weeks You will find that they probably are practical or at least are intended to be Those Thoe who are close to the commission Relieve lIeve the financial crowd will coo cooperate rate The commission has been dodging headlines sin singe since e it first met but it has done a bigger job than any other government agency in a similar length of time possibly aside from the N R A A. The movie rights to the private meetings would be worth plenty There have been strong differences differences dif dif- dil- dil of opinion but all aU decisions except one have been unanimous It really has turned out to be the best commission in town Some of the liberals have tried to blow up the securities commission differences over the northern states power case into a big inside liberal liberal- conservative fight The truth is it did not amount to much The power company pulled a fast bookkeeping bond transaction back in 1924 The commission was unanimous in disapproving i it but all also seemed to agree it was not sufficient sufficient suf suf- grounds for tor holding up the current reorganization of the com corn pany The majority Kennedy Landis and Mathews took the obviously practical view that Case Compared the commission To Story About should make the Casey Casey's Drink facts public and let it go at that The minority Pecora and Healy prepared minority opinions which may be out by the time you read this The question was the same one Involved In in that famous case when the bartender asked the saloon proprietor if it Casey's credit was good for tor another another another an an- other drink As Casey had the drink his credit was good The power company company com corn pany took the drink 10 years ago There has been n s a lei lt o of backstage lately about the Brook Brook- Manhattan lyn Transit bond case Dont Don't be surprised when you read one of these days that the bankers have applied for registration of ot that issue which they originally framed as the big test case against securities regulation It will be a major victory for the commission if that tha happens It will mean that the bankers have backed down in their shrewd campaign to challenge regulation What the commission paid for lor a surrender like that probably never will be known The least it must have offered is approval of ot the issue Also a few lew subtle sledgehammers may have been used on the heads o othe ot of the bankers III Treasury Brain Truster Viner has I dug dUi himself into a hideout and is isnow isnow now v writing his Freshman Brain final report on tax Trusts Trust's Work and banking reTo reTo reTo re re- re- re To Be Scrapped form summarizing the work of the freshman brain trust rust last summer The Inside assumption Is that Viner Vine will vill tear up about 90 per cent o of what the freshmen recommended ant and andI I that tha t the treasury will sidetrack the theother theother other 10 per er cent Mr Roosevelt now has a better bette workroom than probably any big business executive It Is a garden office half filled with sunshine mos most of ot the day and on two sides looks out on the inspiring White House Housel l lawn wn Copyright 1934 for lor The Telegram |