Show New Y York rk Whirligig hii POLITICS FINANCE S By y JAMES McMULLIN NEW V YORK YORK Alfred Alfred Landona S chances chance of New Nev Yorks York's vote at the Cleveland convention have Improved greatly In the past week weck Albert who Ottinger-who who hl has has' taken charge of at the Landon boom in this state is state Is a skilled cam cam- Ottinger Is Is' strictly a an organIzation organization organization organ organ- man Ho wont won't repeat tho the mistake Of f Borah's boosters in trying to secure a delegation pledged in advance He Ho will wUl play tho the game as tho state committee wants it played which played which will make malco state leaders all the tho more responsive responsive sive to his diplomatic sale sales sales' efforts efforts efforts ef ef- ef- ef forts on tho the Kansa Kansans Kansan's s 's behalf behall Ottinger hasn't b been en in the public pub pub- lie lic eye lately but his his' judgment carries weight among New ew York G. G O. O P. P chiefs They re respect his remarkable record as as a vote get ter Twice he was elected state att attorney general in the midst of an Al Smith l landslide And al although although although al- al though b beaten aten by Roosevelt for forthe forthe forthe the governorship In 1928 he piled up the highest vote on that o occasion occa occa- castan ca- ca stan sion of at any Republican candidate for governor in New NewYork York history Ho Ha knows all the letters in the political alphabet Financial l leaders ad rs are delighted with reports from trusted scouts that the paper money crowd In congress 1 is lI licked ked and knows it They have havo discovered that WhiteHouse White House Howe and organized labor opposition opposition op op- op- op position is a stone wall wal they hey cannot can can- cannot cannot can can- not hope to get through or around They Thoy continue continuo toi to mako make loud sounds but sounds but only for tor the record Father Coughlin hasn't yet conceded con con- conceded conceded con con- ceded defeat teat on the Frazier Frazier- Lemke bill but the inCo Informed med say his prestige restie e will get get a terrible shellacking if he tries to force the tho issue Keen New Yorkers or have a hunch hinch that the tho president doesn't mind the tho inflationary agitation on capitol hill in the least If It it continues he ho will have a grand chance chanco to play tho the savior of sound money by putting his foot down hard at an opportune moment moment- and they expect him to do just that If It farm pr pressure gets too hot he could still use we his power to de devalue devalue devalue de- de value the tho doll dollar r by 9 cents more and take the curse off oft it by explaining explaining ex ex- that this was ne necessary to protect us from a far wor worse e inflationary fate Its It's not ex ex- peeled There has been a subtle change in the tactics of ot the tho National Association As As- of Manufacturers Manufacturer under the leadership of ot its new president dent dent Colby Colby M. M r. r Chester of ot General General General Gen Gen- eral Foods You may have n nOticed no noticed nO- nO that it no longer features a steady stream of ot deal blasts Mr Chester who Chester who has hB been making a speaking tour around the country country has been sparing in his criticisms of the tion He has hM dwelt rather on suggestions as as' as to how industry can best cooperate with government government govern govern- ment mont in solving unemployment and other pressing problems He urges a comprehensive survey of at unemployment unemployment there there are no really authoritative statistics on that subject yet so yet so that business business busi bus ness and government alike can have havo a factual foundation on which to base future efforts at solution The keynote of Mr Chesters Chester's policy is Ls that big Industry should remedy abuses Ues which make It vulnerable to political attack Instead Instead in instead In In- stead of blandly denying their existence Then ho he favors a broad brond scale campaign of institutional advertising to educate the tho public on the constructive c contributions of business to the national wel wel- fare lare John Lewis' Lewis projected radio campaign on behalf of his Industrial Industrial Indus Indus- trial union plan flutters the tho In Industrial industrial in- in dovecotes Heretofore union organizers lave done their recruiting almost entirely by personal c contact Corporations Corporations Cor Car fighting the clo closed cd shop have found it relatively simple to keep track of or union agents and to neutralize their activities The motor Industry havo been espe- espe especially especially efficient at this It would be much harder to stop Lewis if it he takes to active prose prose- on the air Surveillance of workers' workers radios radio Is Ls impractical j Many workers who would be afraid to talk to union recruiters for tor fear of ot losing their jobs might bo ho willing to sign up secretly with Lewis protected Lewis protected by complete complete com corn anonymity until he had built up an organization strong enough to stand on its feet in public If this threat becomes serious its it's a safe bet that broadcasting companies companies com corn will vilI be emphatically urged to deny facilities to the mine mineworkers mineworkers' mineworkers mineworkers' mineworkers mineworkers' workers' workers chic chief The high margin requirements imposed by the securities exchange ex ex- change chango commission has has' cut down the tho volume of speculative stock tock buying buyIng but but most moot brokers ar are now willing to agree that the develop develop- ment meat Is healthy for their business It will be a tremendous w us factor for tor stability in times of str stress Largo Large scale bear raids will be almost Impo impossible in future In Inthe Inthe Inthe the old days a a. little skillful sellIng selling selling sell sell- ing was sure suro to wreck a flock lock of thinly protected accounts and touch off ort forced sales that added Impetus to tho the decline This stunt wont won't work when tho the margin cushion is thick In the carefree 20 a customers customer's worth to a brokerage house was often determined by the tho activity of his account So br brokers kers were inclined to pare m margin requirements requirements requirements require require- ments to a minimum in bidding lor for tho tho business of active traders Such accounts account were a particular source of weakness in any kind of ot ofa a market break The uniform margins now in force prevent competition on or this dangerous basis The American Liberty 1 league ague is Ls a brain trust of its own Ma Many y college professors have been invited to give the cause a hand The league promises wide for as Views view M as al already ai- ai ready g v n. n t to to Professors rs E. E W. W Kemmerer Neil Nell Carothers and Walter A deal member of a university faculty says say its nice to find the league conceding that professors do have their uses Wes Copyright McClure Newspaper Syndicate te |