Show liia amm OTH LETTER r gy dy national W dional Asse lioi fec P to alio s san a 11 ti linn an iti 16 emd liln arton august 24 prices of farm fain products pio ducts and commodities gim gi M ei ally ire aie now regarded ded as tle tits alu bi a ometer of political teal trends ali alif the fluctuations 0 of markets are lood load ed to the cumiles pu miles with sIgni fleance hence politicians share the intense interest ot of business men nad iid workers I 1 in n the conference ot of industrial awl am banking leaders here this weel ee the ability of those these men members of adi ad bisoy boards 1 in ench each of the twelve federal reserve districts to devise ways ss and means to stimulate a healthy upturn in trade Is of more import anre lhnn all from fio n both jor parti airtes Ets it la Is darkly acknowledged that the is sut par fering fron from nn an acute attack attick ot of ral cal indigestion a malady which may be cured by zeal leil evidence of better times these coun councillors cillers meeting here arl day represent lepie sent the flower of american Ameil can industrial and financial life they selected be because causo of the publics confidence in their acumen and with alth out regard to their political affiliation affiliations r many of the contress con trees frees have liven been mentioned years as presidential timber their problem at present la Is to suggest methods of releasing the vast credit available for productive purposes and to start the wheels of industry turning again the possibility of cf the reconstruction finance Corp oraton getting back ot of commodities modifies modi ties with its gigantic resources Is another team claiming tion of business led leaders ders the this year are handl capped by bv a seni senility city of funds heavy c contributors are unknown and many C candidates andi dates for high office are obliged to 10 dig down 1 own into their private fortunes for expenses not even the se nation al i ilso Is so in the stock market Is enough to coax the dollars into party chests opinion varies as to the advance in stock values va aes ues doubt I 1 is s ex p that the market Is politically ltv aimed rimed rl sred as na it Is too early to capitalize in votes the investing public like a burned bild Is yet to be convinced all that t tile the presidential year influences are not back of the movement in stock and b bards bords 0 r 1 A I 1 the resentment vota ote like all matters la Js something which wit will j tl yield to the measuring stick the two parties are floundering under tile the uni un certainty tile the republican sc scouts out complain that candidate hoover I 1 la suffering from the publics desire to place the responsibility for their hard had times on tile the republican party the deac cratic baity leaders insist that the roosevelt camp has always alanis given A al smith a square deal voters in ili large laige numbers with ingred tempers are aie difficult to convince coni ince catching the lie spirit of their candidates for state and consie office are running largely on thi tai lepoids rather than under the T p pig flig the tha situation Is decidedly alain aing to the national ticket promoters Promote ts i recent lucent reports from the burau or of internal Int einal revenue premie show that t tax a x i le e despite the new echlee or so called call til nut nuisance sance taxes enacted by the last session of congress Con giess are aio greatly below tho the estimated income the dureault Buie Dure aus auls total tax collecting collect ong ons during july 1932 1922 were over twelve million nill llon dollars less than during july jul 1931 the tax ti ott on bank checks up to the present time has produced tile the largest revenue iee nue while gasoline was second and wort ait oit malt and gi gince ape concentrates was vas third it the present ta tax receipts are aie it ft criterion of what may be expected for tile the balance of ct the year the next session of congress Con giess convening in Le cember will have the un enviable task of devising further means of federal income to balance the budget the opening of tills this much enuch debated subject will inevitably brin biang to life again tile the question oi 1 l of the manufacturers tax as a of the problem lessened demand for financial relief will ft ill probably be the direct outcome of the decision of tile the cl cicik e rk of the house of represent a it e 8 to make nia ke public the monthly reports of oe the re ile construction finance I 1 corporation there are many large laige institutions which have no fear of elty for their applications but many groups relief from government agencies are not so happily situated an application from an industrial organization having many ors ers like insurance companies applying for a loan might create a parley reeling feeling on the part of the uninformed mel 1 owners of securities the mere fact that an application la Is filed for 11 1 federal 1 arouses suspicion wilch which no na amount of explanation can clarity clarify those who favor publicity for government loans argue with reason that tile ho taxpayers are entitled to know what groups are borrowing money from tile the national treasury |