Show New New York Whirligig The N News ew s Be Behind h i n d the Ne News Ws POLITICS FINANCE By JAMES McMULLIN NEW V YORK YORK The The Du DuPont Pont donations donations do do- nations to the American Liberty League gave fresh proof proof proof-If If any were needed that needed that this Industrial dynasty knows its financial onions Published reports revealed that the tha league Is virtually a pu Du DuPont Pont family party Keen observers ers noted that the tho figures also betrayed an astute astuto system in their generosity The major part of their contribution contributions contri contri- listed as loans only loans only n a relatively small portion as gifts gift Do they expect to be repaid Hardly But when Jt it becomes evident evident evi evi- dent that tho the loans are aro as as it will In time time they they can be deducted from Income tax returns as bad debts and thus reduce Du Pont contributions to the U. U S. S treasury Cant Can't they the tho gifts They can always try of course courso but it Isn't hard to visualize the glee gleo of a Democratic income tax inspector Inspector-if if there thero are aro then still confronted such such confronted with tho the chance to disallow tho listing of ofa a Liberty league donation as a gift to char char- ity Several other of tho the leagues league's leading financial backers followed tho the Du Ponts' Ponts cagy example The he presidents president's opening ples- ples sago sage to congress was the first step stepIn in his shift to the left predicted predicted predicted pre pre- several weeks ago There h havo vo been plenty of red cars and short tempers in New York since Particularly resented was the crack about wo have again agal made mad Washington the capital of the United States Conservatives claim that one one was below the belt But despite Mr Roosevelt's slashing assault on the forces of entrenched greed spotted consoling indications that his bark is going to be much worse than his bite Cat at l until least election elec clec- tion His implication that the re reform reform re- re form program is completed his statement that no new taxes will willbe be needed this year and his reference reference reference refer refer- ence to approaching a balanced budget are aro realistic sedatives for tor blistered New York nerves Many right wing leaders arc sore soro at G G. O. O P. P Chairman Henry Henr P P. Fletcher for making such a fuss about tho the broadcast of the presidents president's sp speech ech They call it downright dumb dumb to give the nation nation na na- tion the Impression that the Republicans Republicans Republicans Re Re- publicans arc afraid to let him himbe himbe himbe be heard Political fn insiders prophesy that New York Congressman Bertrand H. H Snell Snell-G. Snell G. G O. O P. P floor leader Inthe Inthe in inthe the house house will will have a far more mor important voice behind the Cleve Cleveland land scenes than an Is generally re rc re- re Despite f for Borah delegates delegates del del- eg tes and nd th sub r rosa sa lining up of or gro groups ps pledged to Hoover London Lan Lan- don and others it is already clear that most important state dc delegations delegations lega- lega aro are comin coming to the convention conven- conven convention conven tion uninstructed That will tend to lead d to a 1 r repetition of a 1020 1020 a deadlock on the floor and a n. hotel room conference t to pick a n. com corn compromise promise nominee Mr Snell ha has few equals as as' an offstage neg negotiator tl tor He Is a n political po po- po- po realist and ho knows h human man ria nature ure He Ho is is' especially skilled at winning his point while seeming to compromise c. c His Ills Influence will bo be out and conservative Governor Lehm Lehmans Lehman's ns n's proposal for an additional New York liquor tax c to pay old ag age pensions will run into strenuous undercover opposition op op- position Distillers and brewers are arc working frantically to get it sidetracked Their problem Is Is' complicated because even legislators favorable to their cause are leery about sayIng sayIng say- say Ing lug so openly That would put them in the position of befriendIng befriending befriending befriend befriend- ing the liquor interests as against old folks in need which need which would hardly bo be helpful politically The he liquor mens men's main argument argument men ment t is that the tho added tax will willbe willbe be a blessing to the tho bootleggers whom tho the federal gov government is trying to stamp out The bigger the price spread between legal and illegal stuff tho the more customers customers cus cue for the outlaws Informed observers remark this claim would carry more weight if tho the legal manufacturers had done dono anything voluntary about reducing their own prices instead of devoting their energies to lobbying lobbying- for tax cuts This column has previously mentioned tho the discouraging angle of recent record gains gains' in electric power production Th They y signify In part increasing substitution of machines machines machines ma ma- chines for men In industry and thus give proof of an added obstacle ob ob- ob- ob stacle to solution of the reemployment reemployment reemploy- reemploy ment meat problem But there is also a much brighter bright brIght- er side to the power consumption picture Domestic use of electricity electricity elec elec- has stepped up even faster than industrial use use use-to to toa a point 42 per cent above the 1929 figure This means thousands more electric electric elec elec- I refrigerators radios ranges etc In active operation No loss of labor labOris is mirrored here here r rather here rather ther a stimulated demand for elects i. that should keep more workers busy Ut lity leaders feel teel they are entitled entitled en en- titled to claim an assist They contend that voluntary rate Tate cuts cut especially specially for tor the higher brack brackets els ets of domestic consumption consumption- were the biggest factor In encouraging encouraging encouraging aging wider household use of electricity elec dec A New Yorker recently returned from says that the that the old Chinese custom of ot q quietly engulf engulf- J g their despoilers is alre aIre already elL dys w well n under way He was abI to get authentic information that there have been seven r. r eight times times' as s many Chinese immigrants to Man- Man as Japanese since the theatter theat Jatter Jat lat latter ter took over and pacified the country The percentage is even higher in the case of women The coming generation will be Chinese In an overwhelming majority A story in n p point in Js is that of the Chinaman who was told of a great battle in which Japanese h had bad d been killed He beamed with delight and re remarked remarked xe- xe marked go good d news news Pretty soon no more mor Japs Copyright McClure Newspaper Syndicate |