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Show 'money & . MARKETS By James McMullin The Teleoren'i Eichtsrve Obww Alan Wall Street NEW YORK The high command com-mand of the CIO has functioned to date with very little friction, largely because the handful of topflight leaders have accepted Lewis as the big boss without -argument. But there are some indications in-dications of a rift deep down Invisible as yet to the outside eye' which may lead to sensational changes In the CIO setup. Sidney Hillman. head of the Amalgamated Clothing Workers and one of Lewis' ablest lieutenants, lieu-tenants, has admirers of some influence in-fluence who feel that ha is better fitted to direct the successful growth of the CIO movement than the aggressive mine workers' chief. They point to the quiet and effective progress Hillman has made in organising textile workers in comparison to the steel atrike setback and the more or less constant uproar in motors. Those who feel this way have no intention of precipitating a rebellion inside the CIO to unseat un-seat Lewis. They figure that sooner or later Lewis will make some impetuous blunder that will wreck him, and that when that happens Hillman wiH be-thw leg-ical leg-ical man to take over the reins. Some sources are bold enough to predict that this will happen within with-in a year. Meanwhile Lewis and Hillman remain perfectly friendly friend-ly so far as the world can tell only the latter doesn't exactly haunt CIO headquarters in Washington, Wash-ington, nor does Lewis frequent the Textile Workers' organizing committee in New York. Al Smith has taken full command com-mand of Senator Royal S. Cope-land's Cope-land's candidacy for mayor of New York. The senator was in something of a dither when Tammany Tam-many Leader Dooling died and left him apparently the bone of contention between competing Tiger factions. Then Al stepped in, told the doctor to keep his chin up, and squelched the panicky dissension with a vigorous vigor-ous hand. He doesn't purpose to let this chance to mop up the New Dealers in New York be lost by default. It was Smith also who sold Cope land on entering the Republican Repub-lican primary as well as the Democratic. Dem-ocratic. This was an essential brick in the foundation of the national na-tional coalition which Al and a number of backstage New York anti-New Dealers hope to build into a substantial structure for 1838 and especially 1940. Many of the G. O. P. machine politicians in the metropolis will rush for the Copeland bandwagon with a whoop. What do they care if he is a Tammany Democrat? They have more to hope for from Tammany than from LaGuardia. And they will have strong backing back-ing from important financial and industrial sources even though the latter have no great love for Copeland personally. At present the CIO war chest is something like five times as great as that of the A. F. of L. Lewis has close to $135,000 per month to throw into his organisation organi-sation drives against Green's 130,-000 130,-000 per month. Where a per capita cap-ita . v n r 1 Mitt MPmnnth is levied on each A. F. of L. member mem-ber to swell the Green fighting fund, the CIO national treasurer receives 5 cents per month at least theoretically from each CIO rank-and-filer. Large donations to the CIO treasury from member unions should also be taken into consideration. con-sideration. The United Mine Workers alone have contributed over 11.000,000, Sidney Hillman's Amalgamated Clothing Workers an estimated $650,000 and David Dubinsky's Ladies' Garment Workers close to a half a million. mil-lion. Green had no fund to oppose op-pose Lewis and it was only after considerable haggling that he was able to pry the 30,000 per month from his followers. Hot angle: Lewis' United Mine Workers contribute exactly $30,-000 $30,-000 per month to the CIO against the entire A. F. of I contribution contribu-tion of the same amount to Mr, Green's "defense" fund. A number of railroads including includ-ing New York Central and Pennsylvaniareported Penn-sylvaniareported rather disappointing disap-pointing figures for June. Net earnings were smaller than for the same month last year despite increased in-creased traffic The answer is that both these big roads spent a great deal more for maintenance in June, '37, than in June, '36. The comparison of profits would have favored this year, except for this item. It is perfectly true that most railroads scrimped on maintenance mainte-nance ail they could during the depression and should reasonably spend more as recovery develops to make up for it To that extent higher maintenance costs are legitimate. le-gitimate. Buf. the poorer net showing is a very pat argument against wage increases demanded by the railroad unions. Maybe this is merely a fortunate coincidence coin-cidence certainly it would be impossible to prove to the contrarybut con-trarybut shrewd analysts suspect sus-pect that the Pennsy and Central Cen-tral managements are indulging in a little timely window-dressing. - New York insiders learn that George H. Payne of the federal communications commission msy be transferred to some other federal fed-eral agency if a auitable berth can be found for him. Mr. Payne has been something ef a storm center and there is reason to believe that high administra- , tion circles are concerned about maving him to some post where he won't be quite such a shining mark. The communications commission commis-sion has been under heavier fire than almost any other federal agency. Broadcasters and public pub-lic have criticized it savagely. Word is that the White House is anxious to make it over into a body that will command more respect re-spect The expected appointment of Naval Engineer T. A. M. Craven Cra-ven to fill a vacancy rates a atep in that direction. (Copyright, 1937, for Tha Telegram) |
