Show New NewYork York Yo r k Whirligig Wh i ri I gig Th Tho o News Behind d the fhe N News w POLITICS POLITICS' FINANCE FINANCE- r B By y JAMES Mc McMULLIN V NE YORK YORK Astute Astute New NewYork York observers rs pi predict edict th that t. t a constitutional constitutional amendment to broaden federal fed fed- eral powers power will be n ft a major campaign campaign campaign cam cam- factor fa-clor whether or not F F. D. D R. R wishes to make it so 80 The meetings of ot farm and J labor bor leaders mean business B Bill I I I Green has to push for an amendment amendment amendment amend amend- ment as ns hard as he ha can on behalf of the Federation of Labor The sentiment of oC his followers followers' is too strong be bo shushed since the A AA AI I A A decision foreshadowed wed Judicial Judi judi- cial death for the Wagner act On the farm side Edward O ONeal eat and his American Federation of F Farm rm Bureaus are lure sure aure to go fo for it vigorously sly and nd other farm groups probably will vill join them President Ro Roosevelt sevelt earmarked the amendment idea a as his o own after the the- theN the NR N R A k Ruling and then packed It it in mothballs to await a surge 8 of of popular demand Now o that the demand is is be begh to flame he is obliged to g go alon along with It or disappoint groups whose support he ho urgently needs The whole constitutional question is b likely to be transmuted from An an emotional abstraction Into the livest and cleanest cut cleanest cut issue American Amen Amer l lean ican an p politics has seen seen in years No oth other industry not even the utilities utilities got got t as big a a cup of or comfort out of ot the A A A ruling as the railroads ads Their woes were about to b be increased by three different new new deal me measures rail measures rall rail pensions social security and the Guffey act The first two taxed th them directly and the tho third lifted the cost of ot coal coat The Th best estimates indicated that the combined burden imposed by these laws lawa w would uld have amounted amount amount- ed to to 5 per cent of or total gross revenue Most roads ar are having havin too t tough ugh a time Ume making ends meet as it is to view yiew this subtraction sub sub- traction with equanimity Now it looks as 88 if it the Hie supreme court is certain to strike off oft the added shackles sOne s. s One rail insider says Bays he knows of at least thre roads to which the supreme co court rt will mean the difference between solvency solvencY- and bankruptcy bankrupt y if it remains consistent con con- and t and if it retains the power r to annul legislation Two vo big men in German finance J Emil Pu Fuhl Puhi l director of the tho and and Dr Hans Hartenstein Harten- Harten stein of the ministry of finance finance- came to New York last Jast week Their mission is very hush- hush hush and they arent aren't likely ly to t admit admit ad lid mit any serioUs serious purpose But in informed informed in- in formed circles understand that German finances are in a m much ch worse mess mesa than the outside world realizes and that the visitors are hero on a n. desperate errand Bankers Bankers Bank Bank- I ers expect t to to be braced for new loans Joans to Germany German on an urgent I plea that they must help if cha chaos s sis r is to be a averted I If It th that's ts t's what the Germans have in mind Ina they are due for a frigid reception New York banks have no intention of advancing Germany Germany Ger Ger- many many another er nickel It will wUl make ilo lio i difference if f th they y yar ar are told as they will be be that this I 1 Ia th the only possible hope of salvaging salvaging salvaging sal sal- va-ging va the tho theold old German Cerman credits redl l still aUll on on their books One banker remarks that thal if he lie want wanted vanti d to throw money away ho he would much ra rather her do it at home hom l' l New cW c v York gets word ord that hal senatOr senators sena sena- t tors tOr r are digging into their books booksin boOksIn in preparation for or a I lengthy de de debate bate on neutrality Unmistakable signs point to lo loa a str strenuous ous struggle struggle gle gleit if F F. l t D. D R R. sho should ld insist upon discretionary dl mary power to apply embargoes embargoes embargoes' em em- bargo s in n su such h a waYla to punIsh punish pun punIsh pun ish an A strong el element in lit the senate will wUl hold out out for tor freedom dom of tho the seas that seas that t Is is the the rul rule o of commerce com corn merce as ae usual despite the iJ risks ks of oC foreign war It is n not nat t safe nCe to toi i assume that congress will wUl consent on ent to suppression of commerce omm for fortHe forthe for fortHe the sake f avoiding war New Yorkers Yorker accept bonus agreement as In the air air Politics air compels all sides to give the veterans veterans veter vetere ans their m money ney before election With the toe budget unbalanced anyhow anyhow anyhow any any- how and with a t d of f tam tain it will be comparatively comparatively campara- campara easy to put through ugh an all allowance of with trimmings take care of ot the veterans' veterans claims In fulL Behind the bon bonus s looms a movement move move move- ment for pensions n to to World war veterans A bill paving the w way y for them already has been drafted Bankers learn that General Hines veterans' veterans administrator fully expects ex cx- to see a vast va-st pension established d. d The knell of processing taxes gave Standard Commercial Tobacco Tobacco To To- bacco company compan a beautiful a-beautiful break This concern recently bought control con con- trot of ot the Axton Fisher i r Tobacco company through a New York broker The money set aside for p payment pay pay- ment of processing taxes which now returns to the Axton Isher treasury amounts amount's to half the tho price paid for lor control That makes it quite a a. b bargain n. n New York conservatives remark that F Father ther Coughlin is more to tobe tobe tobe be pitied than censured these days His efforts to recapture the limelight limelight lime lime- light strike them as a rather pa pa- etl They cite cUe his announced Intention Intention intention tion of ot suing to have nave the federal I reserve act of ot 1913 and all its Iti amendments declared unco C Comment mm nt runs that t its it's all all' very wen well for him to want to be in instep instep II step with the current legal fashion fashion fash fash- ion but why doesn't he sue to have havo the World war annulled and be done dono with it I L Loridon Paris and Amt Amsterdam rushed to to buy American an stocks ks on the heels of oC th the A A A A ruling I The Young Republican National federation with headquarters InDes in inDes inDes Des Moines has ha h had d to give up the ghost Same sad old story story- I no more dough Copyright McClure Newspaper r Syndicate |