Show t l THE DAILY NEW YORK TORK I Fina Financial in J Whirligig lr Ii gig r I Written for Th The i By JAMES JMES McMULLIN NEW YORK YORK Mayor Mayor L LaGuardia will still sun get gel his New York City economy bill from the state legislature but hell he'll be a wise vise father if he recognizes recognizes rec rec- his child Democratic legislators are stubborn about preserving the county offices the mayor wants to abolish They're looking forward to recapturing recapturing recap recap- turing the city in 1937 and they need to keep the machine tuned up It doesn't help to allow your supporters to be pried loose from the public payroll Political insiders insist that Jim Farleys Farley's private private vate attitude as Democratic state chairman is h vastly different from his public statement supporting supporting supporting sup sup- porting LaGuardia's program The fusionists are bitter about it One of them remarks Jim spread the old oId sauce apple-sauce for the record buthis buthis but buthis his real concern is to take care of the boys That even goes for the Tammany warm chair ers Farley doesn't want to destroy Tammany he he wants to capture it The Democrats cant can't afford to block all city reform but they'll squeeze out every exemption they can Lehmans Lehman's Popularity Waning Then theres there's the Lehman angle Inside evidence evi evi- dence shows that the governor isn't nearly as popular with state party leaders as he was a year ago A number of or them would privately like ike to discomfit him so he wouldn't care to run again That's another reason why his leadership on the New York City economy measure has been so blandly ignored The point is that Lehman hasn't played as close to these leaders as they thought he should and they rate him as lacking in political gen gen- Its It's known of course that Washing Washing- ton would l like ke to see the governor repeat but hopes are secretly cherished in Albany cloakrooms cloakrooms cloak cloak- rooms that Washington can be induced to see party harmony in letting Lehman slide Whether it turns out that way depends largely large large- ly on Farleys Farley's liaison work between the state machine and the national administration The grapevine has it that Farley Fancy himself would shed no tears if Lehman decided not to run Macy lacy Branded Double Grosser A ghost of ot 1932 rises to plague Kingsland Macy in his attempt to recapture prestige as Republican state loader Macy called a conclave conclave con con- clave dave of party bosses in that year to try to get their endorsement of Bill Donovan for governor before the convention met The conclave was cold to the idea Macy told them he didn't enthuse about Donovan himself but the colonel was the Mills Hoover-Mills choice and the state couldn't afford to rebuff the then national administration Even that argument failed to produce re results results re- re suits and it was understood and agreed among all concerned that there would be no endorsement Then a few days later Macy himself and Buffalo Boss Hickey came out in public in support of Donovan Many of the other state chieftains called it a double- double ross cross and are privately using it to grease grense the skids for Macy s eviction A Break for Stockholders Consolidated Oil has set a significant fashIon fashIon fash- fash Ion Jon with its plan to pay out all earnings as dividends after charges and reserves are taken care of Cf The old theory o of building up a surplus sur- sur plus is out of the window The object is to duck the tax on idle capital now on the horizon Many other companies contemplate similar especially action action especially in the utility field The utilities util util- used to be proud o oj otheir their plump surpluses but now they find they're there expected to dig int into them to offset rate cuts They dont don't intend to be quite so Scotch in the future The new system will be a break for stockholders stock stock- holders when business is good and should also check the tendency to invest surpluses in unnecessary unnecessary un un- un- un necessary plant and equipment which contributed contributed contributed contrib contrib- heavily to overproduction in the boom days The government is expected to favor the he development as helping to speed purchasing ing mg power Austria and the Reich New York insiders understand that the British British Brit Brit- ish governments government's real attitude toward Austria differs materially from the position it has taken in in public The word is that Britain has privately assured assured as as as- Hitler she has made no commitments to either France or Italy This amounts to an in invitation in- in to Hitler to do his stuff when he pleases without fear of British intervention Experts predict this will vil hasten the day of Austria's Austria in incorporation in- in corpora corporation tion in in the reich Copyright Newspaper Syndicate I |