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Show ' INSIDE ISTUFF ' Politics and Finance aoeserlsnt, atcClnra Weeaseost aiaSlcaU.1 WASHINGTON By Fan! Mallea Oar officials are getting shaky beat Great Brltala la the Jaaaaeee altaatlea. Ceafldentlal government reports from Geneva Indicate Sir Jaha Buaea I playing a Strang Japanese game. The British ferelga minister apparently appar-ently lengs for the eld day ef the Angla-Japanese alliance. He dees net want th leagae ef aatieas to de anything to earns Japanese withdrawal. with-drawal. That means yea caaaet expect ' taaeh tress the leagae. e e The Invisible telegraph reports the British cabinet la aplit ea the aabjeet. rremler MacDenald la a great negotiator nego-tiator and a charming aeraeaallty, bat ks ha a remarkably Tag me mind. Ha seems 1 b exeresslag R aew la the Japanese sataaliea. Oar eftialala d aet. expect the British te walk eat ea ar aearee. egaiUea deetrlna. They do he be-lieve be-lieve there will Its a pre-Japaaese lira la British ferelga policy.' The velvet gleve may prove to sever aa trea hand. Bat they weald aet b ft Mt aar-arlsed aar-arlsed at the change came, . e . It weald eeme only If? private advices ad-vices vol Japaa's anticipate ahaage ef attlteda at Geneva prove yisasa tare. Bares Vehida'a aadleaw with the emperor gave the traditional Japa-4 Japa-4 aeae epperteaily for a shift ha pel-ley. pel-ley. The aeadstreag attitade toward all the world will probably be akaav Sorted for a compromise with the leagae. The step will mark a victory vic-tory for the liberal greap seeking world peace. The name ef Tasake Tsarml, liberal lib-eral leader, well kaewa la the United States, Is likely te make the head lines. e Thore who have observed the Roosevelt technique from close up front the last few month call it "smilin' thru." Th president-elect, knowingly or not appear to be fol-. fol-. lowing th theory that (miles breed it (miles and frown beget woes. There is something in that Mr. Roosevelt has kissed hi middle-aged secretary for the rotogravures; rotograv-ures; eaten hot dog for th movie; ridden airplanes snd even Fords. Aiwa Ai-wa va there has been a broad, infectious, infec-tious, pleasant grin on his face. He has given more broad laugh than ' words to the sound films. Instead of Teddy's "bully," he uses "Fine, fine, fine." " His whole demeanor In public and i (Continued en Pate Three) Uoa . . Crump Is the biggest boas in the south, outside of Long , , , He waa looking for more than a few pointer! on bow to do it . . . The open door la China seems to be closing clos-ing a little . . Our private governmental gov-ernmental reports indicate the Chinese Chi-nese have between 200.000 end 100,-000 100,-000 disorganised troops on the northern north-ern frontier to atop the Jap . . . The latter have no more than half that many , . . Yet the conquest of Jehol is considered only a question ques-tion of time ... The only thought about It here is amassment that It haa taken so long . . . The Chinese may surprise them, as they did et Shanghai . . , And perhaps the International In-ternational coat of taking the province prov-ince now looks high. NEW YORK Br Jesse MeMeUla INSIDE I STUFF ;- Politics, F inane ; toeaisaetd trees Pace Oast in private seem to be trying to say: "Buck up Don't feel so badly about If It may be that something like that will do more than legialauoa. e e e Stranger things mey have happened hap-pened then the recent aeries of Huey Long developments but certainly not since fairies became extinct, figure fig-ure it out for yourself. First Mr. Long conducted filibuster fili-buster against the Ciaa bllL ' The If Stella Is ae everlhrewa within Iks Boar fa tare bms here la eleee leash wHh ths soviet have been sale-led sale-led gravely. The passes revolt grows saaalaally stronger. They eaa say wbea the eiUee shall eat, e e e Locst opponent of Inflation are inclined to give Senator Borah a vote ot thanks. Ever sine his remarks about the necessity for devaluing the dollar banks snd insursnoe pan lea have been getting huge volume vol-ume of mail from nervous depositors and policyholders all worried about inflstion- There are well Informed people who think that Borah waa a trifle disingenuous. It is noted that he is the first advocate of inflation who has ever presented the dollar shrinking shrink-ing tide of the picture. New York opposition to the $3,000,-000,000 $3,000,-000,000 public works bond Issue in the Tugwell tor Roosevelt) program has cooled off a lot Antlinflation-ist Antlinflation-ist ere beginning to see that it is vsatly preferable to currency tampering tam-pering as a concession to public opinion. opin-ion. a a a Pestereae's resaarks steal "eeld aterace beaks" are interpreted here ss a bid la held hla Job. It lent likely to get hisa anywhere, bat H Is eeearid-ered eeearid-ered a sisal flea at lereeast that the basks assy have to argaaiae their ewa relief expedlliesa hereafter. The aatleipaled shift la the WL F. C. peltcy has Wall street seers dlslarbed lama H earee la a Salt A tseal same official expreaeea the general viewpoint of hie aeseclelee as fellows! "Tbey want as te lean , saere freely aad sacrifice llqaldlty. If we did that we wealdat be nearly ea keea fee government seearlUee. Taea when weald lbs treaaary bef The beaks feel tbey have a rssl grievance griev-ance sa this scare. e e a Disclosure of the R. F. C. loan to the Bay Ridge Savings bank caused the other New York savings banks soma uneasy moments. The Bay Ridge was the only local savings bank Democreue leaders were admittedly in seerch of something to slop him. Well founded report sot out that Mr. Long' Income tax was being investigated. in-vestigated. Party harmony was meneced. Then Mr. Roosevelt stopped off here to sea Mr. Hoover. He alto sew Mr. Long and the Democratic congressional leaders. Next day the treasury denied it waa investigating the tax matter, although nothing cam up that dsy to snake a denial necessary. The story bed been In print soma time. The following day Mr. Long abandoned aban-doned his filibuster in the senste. Some dsys later ha and his old foe. Senator Glass, were seen hob-nobbing frequently together in privet. Then who should take him up to the R. F. C. but Harvey Couch.. In case you haven't heard, Mr. Couch is the close friend of Democratic Floor Leader Robinson, cordial former for-mer hater of Huey Long. Now come Mr. Long making a Democratic harmony speech on the floor. a a a Whatever personal arrangements have been made temporarily about Long, they cannot last Sooner or later the issue of Long will have to be dealt with. He will sea to that if no on also doe. e e a Apparently the people la New Terk have been led te believe the reesptare elsaee ef the Interstate eeeasaeroe act will be abrogated shortly. Tbsl eaa easy be dene by eeagreee. The legislators are hs ae sseed for It The eedy wsy It eeald he pressed Is la nave Mr. BisssvaH iaderee M. There la aa ladseallea hs wUL Abeat the ealy thlag pleasant la pros peet for the rallreade fa defeat ef ths Cease as aaaeadsaeat M pre-peeee pre-peeee to slop B. F. C. lea as ta reads for retiaaaelag. Strong opposition frees the B. F. C. probably will pre-veat pre-veat saaetsseat ef that idea. a e A nalv effort to set private publicity pub-licity through government sources investment would have been sharply off. , . , a a Radio City tponeora tr proud of their record ot employing more than 5g,000 people directly er indirectly in connection with their building construction con-struction program. This is their answer an-swer to criticism of Mr. Rockefeller's memmoth operation. The original space contract In Radio City for the RCA. group (Including (In-cluding National Broadcasting and Radio-Keith-Orpheum) was not .-000.000 .-000.000 square feet, as reported here recently. It did amount to 100 pet cent of two buildings, 75 per cent of another and 3d per cent ot a fourth The last named is the lsrgest build Ing snd the commitment thereir amounted to 725.000 square last Final reductions on the total specs adjustment hsva not been worked out, but ere plenty drastic. the senate "forgot" ta revoke CCon-nell'a CCon-nell'a authority before the bill had the governor's signature and O'Con-neil O'Con-neil went aheed with hi appointments. appoint-ments. Ignoring Farley's wishes. There 1 little chance thst the appointment ap-pointment will be nullified and Farley's Far-ley's only consolation will coma in a flood of flowery oratory. This Incident hss heightened the tension between the nettling wings ot the state party. There is reason to believe that Farley will Ignore Curry entirely when it come to dispensing dis-pensing the valuable federal patronage. patron-age. Thst won't help Curry next (all. a a a Continued deflation of loans and investments is blsmed on the Federal Fed-eral Reserve bank of Chicsgo by high sources her. They claim the Chicago Chi-cago bank is doing everything possible possi-ble to vitiate the credit expansion program which was New York's baby in an effort to discredit New York Influence as completely as possible. pos-sible. The dominating figures in the deflation statistics come from the Chicago district New York state's financing last week kept the latest member bank statements from looking much worse then they did. If it hsd not been for this flotation sll classes of loans and borrower. As a matter ot fact the publicity did start a few wild-eyed and unfounded rumors, but net deposits de-posits have increased since the pub-licstion pub-licstion snd the banks feel belter shout it now. a a The lata csmpsign friendliness of Roosevelt and Smith is waning tap-idly. tap-idly. Those who know Smith sey he feels slighted because he hss been omitted from the consultations with leaders. Thst feeling wss behind his curt remark thst he would not be interested in going into the senste or the cabinet The betting now is thst he will not have a direct hookup with the new administration. This will make him a much mora prominent promi-nent factor next fall in the city situation. sit-uation. a A New Terk bank with first rats Japanese eeateets baa re porta of aa Imports at ahlft In Japeaeee poller. The liberal aleaaaat keeked by asaall baatness ssea tkreagbeal the empire. Is gal aing the aseeadaaey. This implies im-plies a drawlag 1st ef the sallltartsUe heraa. The Maaeharlaa expedition left the small besiaees asaa eel. He saw the two hag corporations Mllaal aad Mltsahlshl twaaaplag hisa with cheap labor aad BBsehlaee la Mss eharle. Ala be waa being rained by the financial eeajeef assess f las sallllary policy. a A plan to attack the debt problem by replacing all long term debts with a preferred equity interest is gaining ground and may be publicly announced an-nounced soon. It hs support in several sev-eral high financisl quarters The plan would apply to both mortgages snd bonds and is designed to forestall fore-stall a recurrence of the present domestic do-mestic debt snsrL e c e The chsnge in Germsny fsils to worry New York except for Germsny' Ger-msny' privste creditor. Hitler in power is rsted less dangerous thsn Hitler as an agitator. Th creditors sre not worried ebout Hitler, but they er worried shout the probsble gsin in Influence of Schscht, who is listed to replace Luther as head of the rekhsbank. Schacht is known to be sn enemy oi th present sgreement snd sn sdvo rate of still easier term by threat oi possible repudiation. e e e Finsncisl Interests with a Tarn many hookup are esclns on the na wss tried by Assistant Secretary of Wsr Psyne. The wsr department press buresu issued a release ot 1000 words. It announced Mr. Psyne was to become associated with a cotton distribution concern. Then followed bold press sgent hoopla about what a greet concern con-cern it was, whet a great man Mr. Payne wat, what a colossal thing it all wss. It sll went for nsught Th newspaper news-paper men dumped the whole release into the wests bssket e e e Al gmlth Is still the Mel ef a great fallowing. He demonstrated that on hat visit here. Crowds bang ea alt heals wherever he west Tbey evinced faUy as mack Interest la Al as la Oeveraee Beesevelt a mi Ik 'i meellag with the eerahwe-sasa eerahwe-sasa seheelnsste waa arranged by a third party. He was Informed ahead ef time the weasaa had geae le school with him. It made a eraekerjack lea-tare lea-tare etery. Thai's good polities. e e Charles D. Hilles hss been appointed ap-pointed one of the receivers for Paramount Para-mount They should sign him up as i a gag man. When he was secretary t to President Taft he sccompsnied . Mr. Taft to New York. A csller at I th old Waldorf, where the president wss stopping, was the duke of Con-. Con-. naught, then governor general of : Canada. A Washington correspondent sent a message to Mr. Hilles which reed: "Can you tell us what the duke of Connaught talked to the president about?" Mr. Hilles replied: "I sm very sorry, but I Con-naught" Con-naught" see The La Gusrdia bankruptcy bill was full of holes as passed by the house. Not more than five members out of the iii knew what it was all about. Holes will be plugged In the senate, sen-ate, but not in a way aatiafsctory to the administration. Senator Couzens is working with Senator Hastings on the revised version. e e House inflationists are grumbling about the Glass bsnking bill snd threatening not to psst it but they will. Some chsnges will be mad to give them the satisfsction of not accepting ac-cepting the measure as a whole. They may even try yet to load it up with the amendment (uaranteeina bank tronsge battle between Farley and Tammsny. They figur it will be one thorn in Mr. Roosevelt's side to distract his sttention from measures which might affect them. This battle hss developed some funny meneuvers at Albsny. Tsm-msny Tsm-msny senstors joined unsnlmously in s vote to confer the patronsge privilege on Majority Whip Dunni-gan Dunni-gan a Farley ally and take them away from Senate Clerk O'Connell, who works with Curry. It looked like s besutlful peace gesture. But deposits. In the end the bill will pass without with-out thst provision. see A recapitulstlon should be msde on the Dawes losn to keep the record straight permsnently. General Dawes hsd $120,000,000 of collateral. He negotiated sn R. F. C. loan for $90,000,000 in July. He took only $30,000,000. Some months later he dipped in for $10,000,000 more snd finally took the remsining $50,000,-000. $50,000,-000. Several authorities who investigated investi-gated the loan were never advised thst Dawes took more than $30,000,-000 $30,000,-000 until after the loan was made public the other dsy. Recent statements state-ments in congress are in error on that point. This column has been in error similarly. No correction has been requested, but this one is given voluntarily. see One thing shout Mr. Stinuon is thst failure never beats him down. His first statements in officlsl life were sdvices to the world powers to be good boys snd not to fight His last will be the ssme. His conferees remsrked about it after his latest note to Peru on the Leticia dispute. They also remsrked thst no one yet has paid the slightest heed. e e e Mr. Roosevelt told s recent Werm Springs visitor he had whittled down the names tor the twenty key positions posi-tions in his sdministrstion until he hsd 45 from which to mske a final choice. He fsiled to mention any of th nemes. see Bos Crump of Memphis brought friends to the gallery to hesr Huey Long denounce the Republican in quiry into the last Louisiana elee |
