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Show NA NATIONAL TIONAL TIONALAFFAIRS NATIONALAFFAIRS AFFAIRS AFFAIRSRe AFFAIRSReviewed Re Reviewed vH wecl byCARTER by byCARTER byCARTER CARTER FIELDPresident FIELD FIELDPresident President PresuIent Roo Roosevelt evelt makesclear nwkes makes makesclear clear the real battle laczng facing laczngthe facingthe facingthe the New DealJS Dealis Deal is JS the fight fightfor figittfor lor for the control of 01 the 1940 1940convention 1940convention conventlOn convention . . . Inquiry in into zn- zn in- in znto into - to whole 'whole ' silver stiver policy pollcy pollcyIS policyis is de demanded demanded demanded manded . . . . Roosevelt Jolts jolts"peace jolts"peace joltspeace [ "peace peace " at any price PTlce " lobbyWASHINGTONThe lobby lobbyWASHINGTON WASHINGTON WASlliNGTON WASlliNGTONThe WASHINGTON-The WASHINGTON The -The The - The real battlc battle battlcconfrontmg battleconfronting battleconfronting confrontmg confronting the New Deal as PrcsI Presi PrcsIdent President President dent Roosevelt Roose\elt Roose elt Roosetelt \ made crystal clear clearm clearin clearin m in his Jackson Day speech 1 I es m in mthe inthe inthe the fight for control of the 1840 1940 Dem Democra Democratic Democratic ocra ocratic tIc com contention conention % entlOn It seems a long longtIme longtime longtime tIme off to those not accustomed to toget toget toget get interested In politics until the theclosmg theclosing theclosing closmg closing days of a campaign But Butthe Butthe Butthe the convent on is just lust one year flom fiom flomJune fiomJune fiomJune June the selection of delegates be begms begins begins gms gins one year i ) ear hence and andthescheming the schem schemmg scheming mg ing to pick and control those dele dole delegates dolegates delegates gates is already under wayMost wayMost way wayMost Most of the fire tire in m Roose\ Roose Roosevelt Rooseelt \ elt s sJackson sJackson sJackson Jackson Day speech specch it will be not noted noted noted ed was against agamst the outside elements elementsthat elementsthat elementsthat that have infiltrated mfiltrated the Democratic Democraticparty Democraticparty Democraticparty party and are arc now seeking seekmg to con control control control trol it it . . He " wants ants all the Tweedle Tweedledees Tweedledeer Tweedledees dees deer to go join Jom their RepublIcan RepublIcanbrethren Republicanbrethren Republicanbrethren brethren the Tweedledums and lettbe letthe let the tbe New Dealers run the Democrat Democratic Democrat1C 1C IC party partyBut But there were a great many man ) men menand menand menand and women in m the aud and ence at the theMayfio"er theMayflower theMayflower Mayfio"er Mayfioer Mayflower " hotel some of them show showIn showin showin In the photographs taken of the thePresIdentthey thePresidentthey thePresident PresIdent-they PresIdent they - they were so close to toh toh toh h m-who m who m - who are not going gomg to co cooperate cooperate cooperate operate on the side of the New Deal Dealers Dealers Dealers ers m in that battleLeavmg battleLeaving battle battleLeaving Leaving Leavmg entirely as de thosewhose those nhose whose " , hose opinions opmlOns are clearly knownon known on this matter onemIght one onemight r oner ? I Imight might speculate as'to as , \ 'to to " ' - tohlch to \\hlch hlch which \ hich side of thebattle thebattle the ( _ S battle will mcludeJames includeJames include mclude James A Farleywho Farley - who is shortly to retire re reI I 1"41'I 141I 1"41'Ii . " ' S " " ' ( / ! ! tlre Ire tire as postmaster postmasterIJ postmasterf P0 " " ' IJ f / ' \ fs ( f * -i i - general but who isI is I { $ ! c44) c44 " , f ) to continue contmue probably prob ; i ' * S-1 S 1 probS1 { ( - ably right nght up to theJ theconvening the J ) ; , A AI I convening convenmg of thatv that v " j convent on as chaIrAI chairA chairman chair chairM DemoJames M AI AIman man of the Demo James Jamescratic Acratlc A gratic cratlc cratic National com corn Farley Farleymlttee Farleymittee cornParley comFarley cornFarley rnittee mlttee mittee and as chair chairman chairman chairman man of the New York State Demo DemocratIc Democratic Democratic cratIc committeeFancy's committee committeeParley's Parley's Parleys Farley's Farleys Fancy's Fancys ' Influence Bloc"s Blocs Blocks BlocksCandidacy BlocksCandidacy ! " Candulacy Candidacy of Jackson Jac.son Jacson JacksonIt Jac.sonIt ! . It must be recalled to grasp the theImportance theimportance theimportance Importance of this that it was large largely largely largely ly Farley s influence mfluence that prevented preventedwbat preventedwhat preventedwhat wbat what " would "ould ould have been the most mostspectacular mostspectacular mostspectacular spectacular step toward picking plckmg a aNew aNew aNew New Deal successor tor for Roosevelt RooseveltIt It was Parley Farley aga nst Roosevelt s sstrong sstrong sstrong strong des re who stopped the nom nommat nommat nommat mat on for governor of New York of ofRobert ofRohert ofRobert Robert Rohert H Jackson It so hap happens pens dens happens hapdens that this step now turns out outnot outnot outnot not to have been very Important importantas as far as Democratic presIdential presIdentialcand presidentialrand presidentialcand cand rand dacies dacles are concerned For It ItIS itis itis IS the consensus of political Judg Judgment judgmerit judgment ment merit that if Jackson had been beennommated beennominated beennominated nommated nominated Thomas E Deweyould Dewey \\ould ould would wouldnow w \ ouldnow ouldnow now be governor of New York It Itwould Itwould Itwould would have bave been only by gettmg getting gettmgelected gettingelected gettingelected elected got go\ernor go ernor \ ernor of New York and andmakmg andmaking andmaking makmg making a fair record at Albany Albanythat Albanythat Albanythat that Jackson could have\obtamed have obtamed haveobtamedthe have have\obtamedthe have obtamedthe \ obtained obtainedthe the start toward the White House HousedesIred Housedesired Housedesired desIred for him by so many New NewDealers NewDealers NewDealers Dealers including mcludmg the President Presidenth h mself mselfSo So the chief significance of the theblockIng theblocking theblocking blockIng of Jackson s nomination nommatlOn- nommatlOn nomination- nommatlOnassumrng nominationassuming nominationassuming - assuming assumrng that Dewey would have havebeaten havebeaten havebeaten beaten nearly anyone any one except Her Herbert Herbert Herbert bert H Lehman-Is Lehman Is Lehman - is that Farley was wasWIllIng waswilling waswilling WIllIng to oppose the President s splan splan plan lan for building bUlldmg up a 100 per cent centNew centNew centNew New Dealer for the presidency and andthat andthat andthat that he could find sufficient suffi.1ent suffi1ent . strength strengtheen strengtheven strengtheven e\en e en even \ against the desires of the Pres PresIdent President President Ident to make that objection standIt standIt stand standIt It v . would ould seem reasonable to sup suppose suppose suppose pose therefore that Parley rarley WIth WIthmuch withmuch withmuch much the same backing he had last lastsummer lastsummer lastsummer summer will be able to prevent the thesclectIon theselection theselection sclectIon selection of delegates from New NewYork NewYork NewYork York " who "ho ho could be swung sol dly to toany toany toany any other out and out New Dealer DealerFor DealerFor DealerFor For instance Harry L Hopkins Hopkms HopkinsSubsidy HopkinsSubsidy Subsidy Price for SIlt.er SIlter Silver SilverCauses SillerCauses . Causes Many Red FacesThere Faces FacesThere There are a good many red faces facesas facesas facesas as the result of the continuance eontmuance of ofthe ofthe ofthe the present subsidy price for silver silvermmed silvermined silvermined mmed mined In the United States Secre Secretary Secretary Secretary tary Morgenthau of the Treasury Henry Morgen thau thoughtthe Jr is among those who thought the should be price pnce reduced and ex expected expected expected pected it \ would \ ould beSenator beSenator be beSenator Senator John Townsend of Dela Delaware Delaware Delaware ware has introduced a resolutIOn resolutIOnprovldmg resolutionproviding resolutionproviding provldmg providing tor for an inquiry mqUiry into the thebole thewhole thewhole \\bole bole whole \ \ silver slher siher policy pohcy The natural In Interence inxerence inference terence xerence would be that this would be beshelved beshelved beshelved shelved but there are several sevcral sen senntors senators senators ntors ators even on the pro silver side sidewho sidewho who \ \ ho would like nothing notbmg better than thanto thanto thanto to have a thorough public airing alrmg and anddscussIOn andd andd dscussIOn d scussion scussron of the government s silver silverpoltcy silverpolicy silverpolicy silverpolicyActually poltcy policy poltcyA policyActually A Actually ctually of course the treasury treasuryw w tl 11 the approval of the President Presidenthas Presidenthas Presidenthas has flagrantly fiagra:1\\Y fiagra:1 fiagra1 Y flagrgtGtly : ' . \ ignored the laIt law la\\ la \ It ItIs Itis Itis Is a crazy law and this writer wnter be be1 1 eves that the President and Mr Mrllorgenthau MrMorgenthau MrMorgenthau llorgenthau Morgenthau ? should be commended commendedfor for not obeying obeymg it But it should be berepealed berepealed berepealed repealed obeyedAs if it is not to be obeyed As a matter of tact fact it would have haveto haveto haveto to be repealed very shortly it If the thetreasury thetreasury thetreasury treasury should make a Ii really con conSClentlOus conscientious conscientious SClentlOus scientious effort to obey it Ho v vever vever vever ever the proceed ng would cost the thetaxpayers thetaxpayers thetaxpayers taxpayers of o ( this country a good many billion blUlon dollars before the re repeal repeal repeal peal would ensueThe ensueThe ensue ensueThe The point pomt Is that the law directs directsthe directsthe directsthe the treasury to keep on buying sl1 sil sl1ver silver sllver ver until the amount of silver held heldis heldis heldis is one fourth of the value of all aU the thegold thegold thegold gold and silver held by the govern governmentorunttl governmentoruntil government ment-or-unttl ment or unttl ment-or-until until - - or - until the price of silver silvershall silvershall silvershall shall reach one dollar and twenty twentynine twentynine twentynine nine cents an ounceThe ounceThe ounce ounceThe The law was passed bac back ! . in 1933 1933Very 1933Very 1933Very Very shortly shorUy the treasury started startedbuying startedbuying startedbuying buying silver stIver on the world market market.When marketWhen . . When It began the world price ofsilver ofsilver of [ silver was forty five cents an ounce ounceBy ounceBy ounceBy By prod gious glous buying buymg and WIth WIthmany withmany withmany many speculators all over the world worldconvInced worldconvinced worldconvinced convInced that the U S treasury treasurywould treasurywould treasurywould would be able to do just that to the theworld theworld theworld world price the asking askmg price pflce grad gradually gradually gradually ually advanced It went above aboveclghty aboveeighty aboveeighty clghty eighty centsOnly cents centsOnly ' Only Persons to Profit ProfitHave ProfitHaie 'I I 'IOnly Hate Have Been Foreigners rorelgners rorelgnersThen foreignersThen ForeignersThen Then the treasury abruptly abruptlystopped abruptlystopped abruptlystopped stopped the tremendous peculatlon speculation speculationThe speculationThe peculatlonThe The only persons to profit to any anye'ttent anyextent anyextent e'ttent ettent extent ' , , had been foreigners In the thefirst thefirst thefirst first place all silver then above aboveground aboveground aboveground ground in m the United Umted States h"ld hld hid h"ldbeen hidbeen Indbeen " been nationalized and was bought by bythe bythe bythe the government govcrnmcnt at fi fifty ly cents an anounce anounce anounce ounce In the second if an Arner Amer Arner1can American Amcrlean 1can ican bought silver in some foreIgn foreIgnmarketand foreignmarketand foreignmarket market-and market and - and some did-the did the did - the specula speculator speculator speculator tor was taxed 50 per cent of hIs hIsprofit hisprofit hisprofit profit This was a special tax on the thetransaction thetransaction thetransaction transaction and of course was In InadditIon inaddition inaddition additIon to any Income tax In Incldentally Incidentally Incidentally cldentally cidentally an m\ m mestlga in investigation \ estlga estigation tlon was wasstarted \ wasstarted \ as asstarted started to discover who was specu speculatmg speculating speculatuig latmg lating m silver Names of . wives v.lves vlves of ofsenators ofsenators ofsenators senators and all sorts of bIgWIgS bIgWIgSwere bigwigswere bigwigswere were d scovered The invest mvest gat on onwas onwas onwas was droppedWithOUt droppedWithout dropped droppedWithout Without treasury b dd ng up the theprice theprice theprice price of silver promptly dropped droppedbach droppedback droppedback bach back to " where "here here it had been berore before berorethe beforethe beforethe the buymg buying camp-iign camp iign camp"llgn campllgn campaign " - started startcd In Infact Infact Intact fact it . went v.ent vent below that and is no v vhovermg vhovering vhovering hovermg hovering " iround "lround lround forty three cents centsSo centsSo centsSo So thst fullt that the treasury not only has a atremendous atremendous atremendous tremendous loss on all the siver s Iver lver It Itbought itbought itbought bought abroad during the buymg buying buymgspree buyingspree buyingspree spree but has a loss of seven scven cents centsan centsan centsan an ounce on all the silver it took tookoer tookoser tookover o\er o er oser \ from American Amencan cItizensThis citizensThis citizens citizensThis This huge loss augmented by the thesubs thesubs thesubs subs dy price pa d for sIver s Iver lver m ned nedInsIde nedinside nedinside InsIde the United Umted States which whch has hasJust hasjust hasjust Just been cont nued until ne next t June Junewhen Junewhen Junewhen when the law exp res , does not sho v von von von on the treasury books The treas treasury treasury treasury ury does not admit the loss'Peace loss loss'Peace ' 'Peace Peace ' at Any Price ' Lobby LobbyIs LobbyIs Is Jolted by PresidentPres PresidentPres President PresidentPres Pres dent Roosevelt jolted the oldpeace oldpeace old oldpeace peace at any price pnce lobby consld consid conslderably considerably considerably erably erablyHth \ with \Hth Hth the first part of his roes roessage roessage roessage sage It so happens that the ex extreme extreme extreme treme pacifist movement in m thIs thIscountry thiscountry thiscountry country has always been rather rathercloselv ratherclosely ratherclosely closelv closely associated with rel rei red glon-or glon or gron-or gron glonorrather gronorrather gion - - orrather rather with church orgamzat organizat onsOne ensOne ons ens onsOne One line Ime in m the Bible which whtch thiS thiSgroup thisgroup thisgroup group never liked to hear quoted- quoted quotedthough quotedthough quoted quotedthough - though it has been thrown at them themmany themmany themmany many times ' ' ' by irate members of ofthe ofthe ofthe the senate and house naval and m mil military military 1tary itary committees not to mention mentionsundry mentionsundry mentionsundry sundry generals and admIrals-Is admIrals Is admIralsIsChriSt admiralsisChrist admirals - isChrist ChriSt s statement that He came not notto notto notto to bring brmg peace but a sword swordRoosevelt swordRoosevelt swordRoosevelt Roosevelt some researchers assert assertis IS the first important public officIal officialin In 1900 years who madev made a v ' " publ c cstatement cstatement cstatement statement supporting |