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Show Economic Highlights Happenings That Affect the Dinner Pail i, Dividend Checks and Tax Bills of Every Individual. National and Interantional Pr blems Inseparable Insep-arable from Local Welfare. It locks like the new deal is about to attempt tho most dramatic and aggressive fight yet made to put its thieori's into law through conetl-tuticnal conetl-tuticnal amendment?, if need be. The Pr sie! r: is apparently con vinced that further cctticentration of power in the federal govel-rnmenit is aeislrublj, and that thi, existing eoeiai andl economic set-up domanojs extra-oriniary extra-oriniary 1. gislation of the NRA ana AAA order even though most un-biatjed un-biatjed comrruentors are dramatically oppos-d to this vevw. Ihe ttage for the struggle was establish-d when the Supreme Court aeclared the NRA, the Frazier-Iiem-ke Act, and the Railway Pension Act, uncd-isLtutional. Thosa epochal de-ci.ions, de-ci.ions, in the opinion of constitutional constitu-tional authorities, make it ineviable that tha court will l.kewise' hold that ihe Wagner Labor Bill, the Guffey Com Bill, the Social Security Act, and other New Deal measures are opposed to the basic law of the land. Irrespect.vsi of that, the President is using the whole of his influence to put such laws through. The Wagner Wag-ner Bill nan already become law, and the Social Security Act will ini all probability follow within a short time. And in one of the most startling start-ling statements ever made by a Cheif Executive, the President, recently re-q:sted re-q:sted that the Guffey Coal Bill be pase): oven if its con titutionah.y is doubtful. Ha is likewise holding f rm to his opinion that the Public Utilities Bill ttiould provide a "death sent ince" for holding companies though the Hou d has refused to accept ac-cept it, and able lawyers are confident; confi-dent; that the Supreme Court would do away with it if it did become! law. It is apparent that many of the Nrw Dealers who are closest to the White House are fralrik in saying that the Constitution is out of date, that it must b? drartically overhauled over-hauled if it is tr. be adequate in cop-in cop-in : with modern conditions When the Supreme Court meets "gaiiii. ;t will be called upon to pass on iwo more measures clo.ve to the heart cf Mr. Rocsevit the A .HA and Uie TVA. Tne chances sic that it will coclaie those- bureaus wholly cr partially unconstitutional. If that tipr-e.il., tiic New Dial w.ll b. forced forc-ed to go into th? vital iS36 campaign witii a platform demandi-ig C.cjisii-tutionai C.cjisii-tutionai revision drastic, thorough and imeliate. It usod to be believed that the President could got his way by having hav-ing Congrees pass a law whereby he could add to the number of Justices on the Court. However, the NRA and Frazier-Lenike decisions were unanimous the President would be forced to appoint ten new Justices, all of whom he could control 100 per cent, In ordor to effect change. He knows that tile country would not otanl fcr that and that it is manifestly mani-festly impractical. Therefore, the only chance the New Deal nas to s .: i ,ve is through changes in the ContMl ution. It takes 36 states to jn- a consti-U consti-U " ci.al aniendent, and moot oom-men.ators oom-men.ators are of the oouiion that it would be impossible tc mm-..: them, inasmuch as the enti.e. South, stronghold of States' Rights, would be almo.t certain to oppose granting the federal gover.nnent new powe) s. Whether or not that is true, nay soon be decided and in the meantime, mean-time, Mr. Rooeevelt's constitutional policy is providing the animuniticu that makis fcr first-classi paiidcal wars. There has not been a time in many years in which the issues were so clear or so diverse- and when the 1936 spokesmen take the stump, there will be fireworks. Heere are tome business briefs1 of interest : EMPLOYMENT: Has gained 60 per oerlt in heavy industries s nee March, 1933; shewn a lesser advanae in co;i-eumer co;i-eumer industries. The unemployed am now eetimrjted at about 9,000,000. INDUSTRIAL ACTIVITY: Has fooled the forecastas, by hold ng up better this year than was anticipated; antici-pated; was at 85 per cent of the 1923-25 average in May, and the iirst half of 1935 war. five per ceat better than the same P'nod last year. AUTOMOBILES: Fir t half production produc-tion was 35 per c'rit over sa.me period per-iod in.lP34, represented the highest volume since 1929. STEEL: Steel makers are hopeful, and the usual summer decline has been less severe than in the past, Structural steel business is good, due to government order.?. MINING: Copper prices recently took a sharp drop, following tho elim'nation of NRA prioe-fixiug. Silver values alno dieclinel lately, due largely to the Treasury's refusal to buy additional silver stocks in large quantities. AGRICULTURE: It is estimated that the farmers' 1935 income will be about the sam-! as in 1934, which registered a b-Jlion-dollar jump over lf'.cu. Crops will be larger this year than last, but prices will probably be lower. LABOR: Lateft trouble has occured in New England textile mills, where 'he, union recently called a strike on one large operator, is threatening ethers. It is sa'd to bo inevitable "hat there will soon be a strike of cloak and suit workers in the east. Potetial labor troubles have moot big industries norvous. |