Salt Lake Telegram | 1935-12-09 | Page 14 | The Financial Whirligig

I r The Financial Whirligig 1 By J JAMES AMES McMULLIN NEW V YORK Dec Dee 9 Rentals 9 and 4 benefit farmers farmers' payments to amounted to in the fiscal fiscal fiscal fis- fis cal year 1934 i in 1935 1935 and are estimated at 5 I for the current fiscal year ending ending end end- Ing next JuI July Experts figure that the peak of such payments was reached in 1935 Several factors will then operate to cut them down in- in eluding the fact that agricultural surpluses arc nearly wiped out that t demand for farm products will be stimulated by industrial recover recovery and that farm prices haven't much farther to rise to reach their theoretical theore theoretical the- the ore parity Meanwhile revenue from processIng processing process process- ing taxes was only for the first four months of the current fiscal year rear as against in the same period a year ago due ago due to the constitutional argument Informed Informed Informed In In- formed New Yorkers understand that the president hopes for a sufficient sufficient sufficient suf suf- increase of revenue from existing levies to cover farm benefits benefits benefits bene bene- fits without the imposition of special special I cial new taxes Its It's a safe bet that I those benefits will not be bo included in any emergency budget for the I simple reason that F F. D D. R. R regards them as permanent Chiang shek Kai virtual head of the Chinese government go is up against a complicated riddle He has to cope not only with the Japanese Japanese Japanese Japa Japa- nese urge to wolf wole large chunks of his country but also with constant pressure from soviet Russia In the form of effective and contagious propagation of communist ideas The latter hasn't had much attention atten atten- tion lion but hut well informed New Yorkers Yorkers York York- ers say it has reached serious proportions proportions pro pro- portions If Chiang wants to keep the r reds ds under control he is practically practically practically cally forced arced to play ball baIl with the Japs Insi Insiders ers comment that both Republicans Republicans Re Re- publicans and Democrats are arc planning planning planning plan plan- ning campaign expenditures for 1936 on a scale that should certainly certain certain- ly relieve a lot of unemployment among those those- who yearn earn to serve ina Ina in ina a great cause either one They a add d that Roosevelt really should pin pm a a. model on the C G. G O. O P. P for planning to help him out this way with his toughest problem especially especially especially espe espe- as tho the workers will be absorbed absorbed ab ab- absorbed as he be desires by private en- en Copyright 1935 for The Telegram