Show economic High highlights fights 4 altert ahe lh gln tifft ner ln 1 ald nd cl eke abid tin tax hlll 1111 or of ivry and M Inse paral I 1 e vram fr local ivel welfare r re I 1 tile united tile only country couii try that la is experiencing the trend toward recovery during tile the second quarter of 1933 tit are was a Illar ked upturn in ill commodity prices in ill tunny many parts parta of tile world according to a survey made by tho the council of foreign relations must alost important advances advance have loon been made ili tills this country in franco france the sole major nation left on tho the kold gold and in great brit aln phoso whoso inan aged currency cin rency pol ley icy lias has boon been the ho tonti controlling oiling factor lit in the rise other countries to show advancement include austra lla ila canada austria Aus tili belgium ile giant germany 11 if lily arid switzerland in tile tho first balf or of 1932 british prices were steadier than those lit in either tills this country or france this marks a drastic change from conditions in 1931 arid and 1932 when british price fluctuations were often extremely violent this price question la is keeping tunny a citizen iwako nights light 1118 problem la Is clien will income ln in aronso I 1 ease in fit proportion to rises in tile tho price level lavol the answer to that aj lg still ft a question inest lon mark hulk bulk ot of american wage waga earners particularly those 11 in the white collar class will alavo to to wait time yet before business conditions warrant tiny any substantial advances in ili their earnings the present recovery drive is ay Is natural iiii tural tins has little to do 10 with who havo have incomes in ili tile tho high or middle brackets acketa br it Is 19 concentrated on oil helping those who are lit in lower brackets or have had no ilo income at till all major effort Is being given to manu fac turing luring now new jobs anti anil that cannot long be lone done until there la Is st ablitz atlon of commodity costs ott on a higher level cost of living tins has at advanced materially mitor lally in ili the past few months most marked advances aro are still in tile the future september 1 the now taxes on oil cotton certain foodstuffs arid and other articles passed to help binante the farm relief ac tion wont into effect it Is faulty to speak of at it government recovery program at this time its a roosevelt program pure and simple no one else really counts they como come into the little light tor for a time as lid did raymondl raymond moley malay play a part designed to help t the 11 13 administration and depart never has tho the cabinet been so submerged the congress Is rarely heard of the only true spokesman for present policies la Is the president 1 himself As a result ills informal speech made to neighbors lit in duch ess county now york on a recent visit to park Is more im than such speeches usually ire are mr air roosevelt sald said that ills his pi program was simply one of neigh bor bo illness liness and Is based on oil the supposition that whatever hurts ones neighbors has hag no right to exist that the communal interest Is the tha all important thing ile he expressed also the belief that the new deal program Is winning said that it will be hla fits permanent policy lie ile through worrying yet however next difficulty Is liable to le be a test of tile the constitutionality of ills his two most important pieces or oc legislation the national industrial recovery act under tinder which them the codes are being signed and the drive Is operating and the farni farm relief bill that phase Is be ing talked about in wise circles now la Is it constitutional speculation as to tho the attitude of 0 the supreme preme court justices has been rife opinion Is that four justices will declare tile the program justified because of national crisis and that four others will keep to the letter of the constitution tile the unknown element clement x Is chlof chief justice hughea wit might vote either way in ili case mr air Roosevel ts logi legislation all is ia thrown out by a five to tour four decision lie he still tins hag an ace lit in the hole lie could call congress have the number of members of the court extended from nine to eleven and appoint two justices who agree with ills political philosophy thus giving himself a alx to tive grip on 0 tile the court this tins haa been considered before and presidents have almost always appointed justices whose ideas agreed with theirs so f far r as governmental principle Is concerned A few Illon thE ago inflation was tile the subject of the hour then it moved oft off tile the stage arid and other actors lit in the recovery play took its plue place its coming bac back k again now some observers believe that it Is inevitable in tile tho near future it Is know known that the president has haa been studying annys and ni means e a I 1 is to bring it about an and control it A great 11 many businesses are still as far away as they over were from the usual sources of now credit and til tyve got to get money somewhere if they are going to bo a in in tile job providing wage raising drive start of at an inflationary program Is seen in the till announcement nou e nt that the federal ro servo serve using tho the power granted to I 1 it a 11 s short bort tittle time ago it has is been bean a heavy buyer of govern government or it bonds doing this Is an easy means of expanding public credit tile tho answer to this question as to so many others la Is solely in the mind ot of president roosevelt congress gave him at his demand practically unlimited power over the currency ile he has hag used that power cautiously to date data |