Show ezet 0 national topics interpreted by william bruckart Bruc katt washington Washing tofi the republicans are giving some indications that they in tend to t fight 01 for els elec queer quirk their partisans in ml politics in the tb next dext congress on the ground that the emergency Is over and that president roosevelt and hla his administration are continuing on a spending spree lust just to afford deserving democrats with pie from the government counter the as to the direction from which the attack will come arose the other day without attracting a great deal ot of attention it came from representative snell of new york the republican leader in the house who opposed one of the newer brain trust creations because he declared unequivocally uJ the emergency Is over after mr air snell had made the statement I 1 inquired of a number of persons persona astute in politics what they thought of this anomaly nere here Is a lender leader of the opposition party declaring ing that the emergency Is over and if that condition exists the leader of the opposition by inference at least has admitted that credit for the job must be given the roosevelt administration I 1 find as ag well that the democrats can hardly admit the correctness of the statement without admitting at the same time that there should be an end immediately to the countless emergency agencies that the roosevelt administration has set up it seems to me therefore that we are witnessing one of the most ridiculous situations that has ever occurred in politics where peculiar things are the rule succinctly ly it amounts to this each side actually Is contending that the other Is right of course it should be said much water will flow under the bridge before the votes are counted in november indeed many changes will have come before the congressional campaigns in the various states get stirred up to a white heat but unless the course of battle now indicated Is altered I 1 predict the campaigners will have to do tome some fancy high rope walking it surely appears that getting ones own legs tangled up in those arguments Is about the easiest thing in sight curious possibilities are offered by the situation for example are the democrats going to go out on the hustings and say to their mass meetings in effect that we have not succeeded we must keep the AAA and the and others and at the same time are we going to hear from republican spellbinders spell binders that the democrats have licked the depression and they must now put an end to their orgy of spending and running up bills which the taxpayers must meet neither side of course will say it in those words but if the argument goes ahead as it has started that will have to be the substance of their tale to the voters There will have to be some very careful as well as very quick thinking before the campaigns end one iclal observer here suggested that this may turn out to be a most confusing campaign because of the anomaly that Is now presented by sir air snells declaration 0 0 there Is considerable discussion here as to how far reaching the effect may be if the re just publicans public ans a stress t r e a a speculation with sufficient lelent vigor the contention that the democrats are trying to hold bold on to the extra jobs and that they are continuing to spend taxpayers money for repayment of political debts there Is always something sinister about that kind of thing whether the charge Is right or wrong many voters get suspicious when campaigners persist in talking about raids on the federal treasury they always think of it in terms of theft of money from the local bank or stores and not in the terms of political maneuvering although I 1 confess I 1 can see little difference it always has happened that the political party in power has controlled the now flow of public moneys into the spots where the funds will do the roost most good politically and when either side kicks about that it seems to me it Is exactly like one mule calling another Ion gear I 1 wont even suggest that I 1 can guess what the ultimate effect of these strange arguments Is going to be anyone who tries to predict the result at this time Is just being silly the best judgment I 1 can get Is that the results in the various congressional districts are going to vary the difference likely will be dependent entirely upon how many ini mistakes stakes plain bonehead statements the various candidates make in their attempts to follow arguments and analyses laid down for them by the national political committees mit rait tees uy my belief Is that there will be plenty of them and there ought to be therefore a considerable amount of surprise when the votes are counted it ja Is quite appa apparent reut to the democratic leaders and they say so that a number of house seats now held by democrats will be turned over to the republicans next fall there mere are seats occupied by democrats who have no reason on earth to be in the house except by virtue of the tremendous landslide that placed mr roosevelt in the th white house districts normally democratic are more than likely going to continue to elect democrats but the political accidents that elected many others of the vast majority in the house are going to send many home because they come from overwhelmingly republican communities the republican leaders are asserting they will pick up eighty or ninety seats from the democrats next november there can be no doubt that they will gain some but eighty or ninety Is a high figure in language it seems to me that representative mark wilcox of florida has won a rather signal honor first Ter merin in his big first term as wins honor a member of the house of representatives by obtaining passage of the legislation that has come to be known as the municipal bankruptcy bill it Is something like twenty years since a freshman member of the house of representatives has sponsored a piece of legislation of national scope that was passed and become a law plenty of new members have introduced bills nationwide in their effect but as tar far as my research has disclosed n one none has bag been successful in the last twenty years mr wilcox won membership in the house by defeating mrs ruth bryan owen daughter of the famed william jennings bryan for the democratic nomination in his district where the nomination domination Is tantamount to an election so he was given a baptism of fire before he ever reached the house itself whether it was the political prestige won by licking an outstanding democratic woman or for other reasons the fact remains that mr cox finally forced through a piece of legislation that constitutes something entirely new in our national structure of laws the measure as I 1 said Is national in scope and it probably will affect the financial status of some 2500 communities muni ties which the bill calls taxing districts this list of taxing districts includes municipalities counties boroughs villages parishes townships and incorporated taxing districts such as schools drainage irrigation levee sewer paving sanitary port or any other districts in which improvements have bare been made in bonds and sold to pay tor for them in order to take advantage of the provisions of the law the taxing district must declare itself to be insolvent and unable to pay the interest or principal of the debt the officials of the taxing district may petition a federal court for the right to arrange its debt on a new basis but the court must be shown that at least three fourths to in number and amount of holders of the bonds are willing to agree to the terms of a compromise it if they do agree then the court may issue a decree that will compel the remaining bondholders bond holders to accept the settlement tl what happens of course Is that the taxing district will be able to replace the defaulted bonds with a fresh series probably at a lower interest rate the taxing district gets out of the predicament of what amounts to bankruptcy and the bondholders bond holders getney securities which are marketable and have something like their face value because the interest will be paid this privilege Is extended for only two years but it is the general understanding that the communities concerned will be able to accomplish settlements with their creditors much sooner than that and it Is obviously hoped also that lm im proved financial conditions throughout the nation will make the job of rearranging the debts easier than it was a few years ago the bill did not get through congress without a fight it had plenty of opposition from members who contended it was a step toward repudiation of debts a thing always to be abhorred there was argument also that by granting permission for the municipalities polities pali ties and taxing districts to force such compromise as will result the congress was making such securities less attractive to investors 0 0 4 one of the obvious results of having the spotlight turned onto an individual or a fact or an la kidding sue Is plenty of comae ment people talk about it sometimes however the talk develops jibes and jests and they are not pleasant for the ardent advocates of a proposition to swallow for instance until recently discussion of NIIA had been confined to serious argument very often of a heated character lately however jokes and puns about NIIA have been emerging with greater frequency and there are now a considerable sid erable number of them the latest and one of the best that I 1 have heard runs as follows N R A me down to sleep I 1 pray thee mee lord my codes to keep it if I 1 should bust before I 1 wake A F of I 1 L my plant will take I 1 heard already that the Ame american americal federation of labor considers the reference to it in the doggerel to be closely akin to unfair practice or whatever it Is organized labor says about those who are not its supporters general johnsons reactions are not yet a matter of record although I 1 know he has seen the thing a by b News baver union |