| Show Merry Round Merry Round Go-Round By DREW PEARSON and ROBERT S. S ALLEN WASHINGTON The The day after the senate passed the new spending bill clearing the way for early adjournment Federal Reserve Chairman Chairman Chair Chair- man Marriner Eccles strongly advised Roosevelt that congress should stay in session long enough to enact emergency railroad legislation Eccles' Eccles plan was to have Roosevelt shoot a special message to congress asking it to o sit one one more week in order to consider the ominous rail situation Eccles based his worried plea on the ground that unless the government steps in immediately immediate immediate- ly a number of major lines will go into bankruptcy bankruptcy bank bank- within a few months This would gravely affect affect the slowly reviving business picture possibly possibly pos pos- sibl sibly with serious political al repercussions in November No No- vember Another bad economic economic upset Eccles argues would be disastrous to the administration Other presidential advisers concede this but differ with the Federal Reserve head on the desirability desirability de de- de- de of trying to prevent the railroads from going through the wringer They argue that this would be the best possible thing both for them and for the country that it should have been done long ago They agree with Eccles that the process will wiIl willbe willbe be painful but they differ with him that it will seriously affect business as a whole They contend contend contend con con- tend that the value of rail securities has depreciated depre depre- elated so much during the past eight years that it will wilt make little difference to investors if the lines go into receivership These White House advisers believe the roads should be forced to purge their fiscal structures then start anew on n a firmer footing Rocker Justice Hugo Black is the rocker of the su supreme supreme su- su preme court in more senses than one He not only pioneers his colleagues in l left ft wing dissents probably dissents probably shocking some of them but but he is the only member of the bench who consistently rocks back and forth in in his high- high backed chair during sittings This is is an old habit of the Alabaman As a senator he constantly constantly con con con- rocked in his seat A friend joshed him about this saying that it made him nervous to watch Black easily solved retorted Black Dont watch me and you you wont won't get nervous I like to rock when Im I'm concentrating in that habit when I was a boy tending store and played checkers between customers Dangerous Error Secretary Henry near nearly y got himself himself himself him him- self into hot water with his Tennessee mountaineer mountaineer mountaineer moun moun- cabinet colleague Cordell Hull the other day Asked at a press conference whether it was true that U. U S. S business had suffered as a result of the recent depreciation of foreign currencies currencies currencies curren curren- cies replied that on the contrary the one bright spot in the business picture was export trade Our favorable balance he said is now around a month I attribute that directly to the stability of the dollar which is due to the operations of our stabilization stabilization sta sta- sta fund What about Secretary Hulls Hull's much vaunted trade agreements inquired a reporter Seems to me he claims that they are responsible for increasing our foreign trade Oh yes yes indeed exclaimed Morgen- Morgen thau I am very glad you called that to my attention You may say that three factors are responsible for our favorable trade balance the reciprocal trade agreements the tripartite monetary monetary mone mone- tary agreement between the U. U S. S France and England and the stabilization fund Coincidences Here are some remarkable coincidences under under under un un- un- un der the heading The president is not interfering interfering ing in in primary contests 1 On May 31 White House Secretary Maryin McIntyre spent the day in Atlanta Ga for the ostensible purpose of receiving an honorary degree degree degree de de- de- de gree from the Atlanta law school Next morning morning morning morn morn- ing a few hours before the deadline for filing nomination papers expired Lawrence Camp 45 year-old year U. U S. S attorney announced his candidacy candidacy candi candi- dacy as a new dealer against Senator Walter George veteran administration foe 2 Sometime between August 10 and 15 two months after the close of the regular school term President Roosevelt is scheduled t to go to Athens Ga to receive an honorary degree from the University Uni of Georgia oldest State university ip in the country He will also make a speech The last time Roosevelt spoke in Georgia Gainesville he inferentially spanked George who was in in the audience for voting against the wage-hour wage bill bilI 3 Twenty-four Twenty hours after Camp threw his hat into the ring S Senator n tor George lined up squarely with the administration in voting down the public power-limiting power amendments to the new spending bill bilI This was the first time since the early days of the n new w deal that George supported the president president pres- pres v ident adent on a power issue t S Joe Green munitions censor of the the state department department department de de- de- de got a rush call from a longshoremen's longshoremen's longshore longshore- mens men's union in Philadelphia saying their men had been put to work loading munitions bound for Franco Franc in in n Spain and asking that the shipment shipment ship ship- ment be stopped Green investigated found the munitions were crates of saxophones consigned consigned consigned con con- signed to a European jazz band Representative Fred C. C Gilchrist is a Republican can but he pooh the so-called so corn-belt corn revolt against AAA crop control as a lot of empty talk The Iowan lowan says he has received but two complaints one from a lawyer and the theother theother other ther from a woman who would squawk even if she got strawberries and cream in winter Copyright 1938 for The Telegram |
