Show II Inside ns de s tuff L I By PAUL MALLON 0 N WASHINGTON June 13 Some 13 Some lirly fancy bookkeeping has been one on treasury ledgers in the past he Tie Republicans often were proud f r the neat ways in which the they made madelie madee lie be e government accounts give the est cst po possible IDle picture of their situa- situa lon ton I It is now evident they were ama- ama mrs iura There has never before been i recorded such an exquisite degree posts oats of perfection as Balance lance has been exhibited exhibit exhibit- I i ed latel lately C Consider for instance the fact nat a at the working balance balance of oC thee the tho e ury Increased by r-er r ver er a holiday recently when no loney coney was coming in and nothings nothing S s going out You know a treas- treas y accountant has to be good to how a profit of more than a er r of a n. billion dollars while whilo the thee e ury is closed There appears to have been noth- noth gi particularly wrong about the Suction cllon What happened on the ide was that a bright treasury discovered that the books were trying ying reserve funds of the post post- lice Ice T P V A A. A H HO O 0 L C F C A and f tw w others in special accounts as asney oney ney oney alread already spent He found out money was being spent slowly i iy y not put it back in the treasury l 1 as u cash cashon on hand until the tho other us rel renus drew on it A holiday was selected for U the e re re re- efer fer As a result the treasury treasur closed May 29 n tl Stroke with only d dt Many 50 in the ens treasury cash box and opened May with therein A oke olce of the pen pen acting like a aWand aWand ay y wand had deposited exactly when no one was kin king ua us WJ the treasury was able to at t Its breast proudly in the an- an Continued d. on P Pare Pan Three Inside Stuff Continued from Pare Pace One made last Monday re regarding regarding regarding re- re garding a new offering o of notes and conversion of an old one In a technical sense the treasury prospectus prospectus prospectus pros pros- for its note issue made mado its cash ash position appear to be bo about 25 per cent better than it was The Thc securities and exchange commission commission commission com com- mission is supposed to get after any private corpora- corpora New White tion that fails to House Souse Trends present facts ac- ac Foreseen in its pro prospectus s p e c t u s on bond jond issue but there is little likelihood likelihood hood that it will proceed against its brother department in the new deal deat For one thing the treasury will contend that its hocus-pocus hocus was leg legitimate good business For another another another an an- other thing it will sa say there was no connection between the ledger de demain demain demain main of May 30 and the Juno June 15 financing These explanations may maybe maybe be 30 argued Indefinitely but business businessmen men will agree that inasmuch as the treasury boys got away with it it it was good and even if it they had failed to it was smart I a Every time President President Roosevelt goes to Hyde Park wiseacres here remark how Is the tho name of ot the tho Roosevelt estate From experience experience ex ex- they have learned that the president resident retires to his Hudson river retreat occasionally for more purposes purposes purposes pur pur- poses than rela relaxation and rest I Living in the White House here is isike like ike being a movie actor in Holly Holly- wood Every time anyone is seen coming in or going out the world hears about it and starts drawing deductions which are arc usually er er- er- er At Hyde Park the president president president dent has real seclusion Newsmen are quartered miles away in town Tho The world cannot watch This not only permits him to think without Interruptions but also to summon into private conference persons whose appearance at the White WhiteHouse WhiteHouse House would cause headlines The insiders here have heard that on this trip he has not only been canvassing the N R A situation but has spent considerable time on the political situation They expect a n anew new lew trend of or White House activity in n respect to both subjects soon after after after af af- af- af ter his hb return The farm crowd crowd outside outside the tho administration administration administration ad ad- ministration has a tip that the A AA AA AA A A will certainly Export turn to tho the ex- ex Subsidy port part subsidy the the- Trial Seen ory of ot farm relief re relic relief re- re lic lief by fall faU Cotton Cotton Cotton Cot Cot- ton wheat and lard arc are mentioned as the first products with which the experiment will bo ho undertaken There are three in which the tho United States has exportable s surpluses Whether the A A A will use the Haugen McNary-Haugen plan planor or the thc export export- debenture plan Is uncertain Both arc are still included in the amendments to the tho A A A act now pending in congress A leading agitator behind the scenes hero here for Cor introduction of tho the export subsidy method of ot farm re- re relic relict lic is George Peck the foreign trade adviser of the new deal whose advice in that matter has not been followed lately He has been fighting for the export control control control con con- con con- feature for 10 years ears It is now being icing ardently denied dented but he may leave tho the government service to re resume resume reume re- re sume ume an active position in farm organization organization organization or or- circles It a a I o oThe The resignation was announced announced an an- a week ahead o of time In order to have a beneficial effect on senators who were considering the new N R A resolution The resignation resignation resignation nation was actually Uy agreed on privately privately vatel months a ago o when General Johnson left and the tho N R A was being icing temporarily reformed under Copyright 1935 for Cor The Telegram |