| Show weekly news review at least live five tax measures to get congressional hearing by J joseph W la rine bine white louse house inconveniently close to ele election cojo n day have come piecemeal reports and offhand predictions concerning the U S fiscal situation when president Roo roosevelt sevet talks finance before congress on january 3 he may ask almost anything bubrig but right bt now as the president busies himself with budget plan planning he can be guided by facts and forecasts facts despite up swinging busl busi ness the U S treasury deficit for or the current year jumped above one billion dollars dc tober 20 leap leahi ing forward several million mon dollars a day gold czae reserves arves mounting since the european scare hit bit revised the 1939 foscat fasca deficit prediction stands at second largest in new deal history by next june 30 when the fiscal year ends the U S public debt deb will twill hit compared with in june 1931 forecast though pump prim mg ing will help business the 1940 et will be unbalanced only by con linued spending can the adminis tra SECRETARY MORGEN THAO coolest of alt all concerned tion hold a mass vote tor for the 1940 election thereby forestalling the normal swing to republicanism but it is far more painful to pay than merely file dle away the bill and next winters congressmen will present at least five new methods of making john public pay 1 A 10 per cent one shot income tax levy to garner needed for increased armament 2 a processing tax to pay tor for the agriculture departments proposed domestic dumping program tor for crop surpluses 3 removal of tax exemption from future issues tf of federal state and local bonds also on official salaries 4 extension of social security to include farm laborers domestics domestico bank employees seamen self employers etc 5 lowering of income tax exemptions under 1000 coolest of all concerned with fiscal fisca I 1 affairs has been the man in direct charge secretary ot of the treas treasury ury henry jr unworried by mounting gold reserves he has chosen not to deny the hope that next years budget may be balanced war with troops japan covered miles in nine days capturing canton without dropping a single bomb such peaceful aggression has hitherto been unheard of in the chinese war giving rise to charges ot of a cantonese sellout british whose nearby crown colony ol of hong kong Is seriously damaged by the new japanese conquest claim the military governor of canton betrayed his bis trust tor for a handsome tee communistic chinese choose instead to blame generalissimo chiang kal kai shek for or withdrawing can tons crack troops into the bankow battle sector but these squabbles have become secondary to chinas cainas completely de sp airing picture with both panton canton and halkow in their grab bag japs intend to push on until all chinese opposition crumbles generalissimo chiang is ready to resign and the brave nat nations ionO amazing defense is about to crumble under internal strife virtually sneering at great brit ains charge of a cantonese sellout angry chinese trace their fast sinking morale directly to great britaina Brit ains own sel sellout loui at munich when it became apparent the british uon lion was unwilling to help her european neighbors much less a distant nation labor second taxation in unpopularity among US U S industrialists is the national labor relations board which last april 9 ordered republic steel to reinstate workers who struck in may 1937 to correct pos pod sable technical errors NLRB quickly withdrew its first order and held more hearings which critics termed star chamber proceedings what NLRB gained by its second five month hearing is a mystery since a new order substantially the same was handed down recently the result may be an important test of power tor for republic steel has already filed an appeal with the U S circuit court of appeals what stuck in many an impartial observers gullet was denial of the republic contention that many workers should not be reinstated because they engaged in violence answered NLRB it must be remembered that the acts of which the respondent s spon ondene dent republic complains were committed by strikers in the heat and turmoil of bitter industrial strife in which the threat of violence on the part of the respondent against the strikers was ever present and frequently carried into execution Vom domestic estic the new wage hour law affecting the lives of some people engaged in interstate commerce industries dus tries has gone into effect with much less bluster and coercion than the ill 01 fated placing a floor door 25 cents an hour under wages and a ceiling 44 a week over hours the act brings pay raises to people with shorter shorter hours tor for more responsible tor for the acts smooth inauguration hasteen has been ad elmer F andrews whose slow moving policy has left many employers puzzled over their compliance requirements but has nevertheless been a potent force in encouraging peace between government and business since was outlawed because it attempted to regulate intrastate as well as interstate commerce the administration hopes each state will formulate its own fair labor act thereby making the national state program complete but wage hour regulation is due tor for headaches before its numerous bugs are removed at austin texas where several thousand low salaried pecan she flers were thrown out of work and in puerto rico where more workers were ousted laborers wondered it if low wages better than none politics in an organization the size of corruption will creep in regardless gard less of who holds the reins spasmodically pecking away at new deal prestige tor for three years corruption has again raised its ugly head at the crucial election time in new jersey where fascist like mayor frank hague of jersey city is the democratic bartys head man indictments have been returned against 16 corporations and 32 per sons the charge conspiracy to defraud of in purchase of sand and stone but a much more distasteful case nas arisen in new mexico where a crusading grand jury returned in against 73 persons charged with making political capital of behind this wicked picture stands democratic sen dennis chavez who like every other senator has wangled every possible cent of cash tor for his home state new medicos cos indictments naturally do not touch senator chavez but they strike very close to home among inductees indic tees are his sister his sonin son in law anahis cousin the charge use of threat and intimidation timi dation against employees r x Z e 14 NEW CHA CHAVEZ VEZ lightning struck close to home enforced political contribution on pain of discharge for noncompliance enforced membership in political clubs disguised as social organizations and diversion of funds for personal use indictment in one form or another is almost a prerequisite for nomination in pennsylvania where republican sen james J davis da vis I 1 once indicted for running a moose lottery and democratic gov george H R earle indicted tor for alleged graft in office are opposing each other tor for the senatorial seat although pennsylvania tax payers have good reason to dislike their democratic state administration observers are wondering whether the opulent republican machine has very much more political prestige reason the five angels of pennsylvania republicanism are joseph N pew oil millionaire moses 1 I annenberg philadelphia newspaper publisher who has purchased an immense interest in the party ernest T weir of steel tame fame jay cooke rich philadelphia political leader and joseph N grundy a reactionary of amazing tenacity without bothering to question the motives of these men shrewd politicians cans nevertheless recognize that in 1938 1933 a quintet of millionaire sponsors is an unpopular asset tor for any party foreign rather than celebrate their twentieth birthday anniversary czecho slovakians slovak ians were told to spend the day working to rebuild the republic this was much like telling a drowning man to reach for a straw for troubled czechs czecho hardly know where to turn moreover their highly touted republic has slipped so far toward totalitarianism and internal dissension Is so rife that there indeed seems little purpose in working having placed czechoslovakia in her economic orbit nazi germany is losing no time making the little democracy behave nazi wise since germany hates the jew czechs czecho are now forced to embrace this policy since germany despises russia the czechs czecho have notified the soviet minister that they are no longer interested te in their pact with russia the communist party has been suspended and many pro soviet newspapers have ceased publication to complete the picture of chaos the large eastern province of slovakia has been unofficially reported in rebellion against prague while poland and hungary seek to nip off bethenia Bu thenia extreme eastern province 0 had a E european european war te resulted suited from the czech crisis french and english aviation would have been a poor second to the combined plane strength of germ germany ny and it aly still arming feverishly despite the peace treaty of munich F france rance now realizes she must get U S aid to boost her air force writing anle in le journal chairman Chair manA A de la granie grange of the senate air force committee recently asked france to prepare prepa rethe the industrial mobilization of american industries to our advantage this means france wants to buy U S planes but needs credit such c credit r edit is blocked by the john johnson son act which bars loans to nations defaulting in their war debt payments white house attaches claimed it was pure coincidence that william C bullitt U S amb ambassador assa to france visited president roosevelt the same day as a copy of le journals article reached mr Roosevel ts desk but with both france and england clamoring for U S financial aid it is a safe bet that war debt settlement will be talked before the next congress once that settlement is reached the johnson act could be repealed and american money might finance european rearmament miscellany adnew york RCA president david announced television will be ready tor for regular two hour a week transmission by worlds fair time next april also that television reception in the home within a 50 mile radius of transmitting apparatus is now technically feasible 9 still seven or eight months away the proposed state visit of En glands king george and queen elizabeth already has eastern society buzzing washington reports the government has no appropriation to pay for roy altys entertainment also that the white house cannot accommodate a large royal entourage most likely U S hosts J P morgan or mrs cornelius vanderbilt agriculture one feature of the 1938 farm bill calls tor for U S loans on crops affected by falling prices when crops are sold loans must be repaid due november I 1 were repayments on loans covering bushels of corn but by mid october with corn selling on the farm from 33 to 38 cents and at market tor for 44 cents disgusted farmers saw they would be money ahead to default on loans and give uncle sam their corn thus overnight the U S government became the worlds world largest corn broker this is but one phase of a chinese puzzle known as the american farm problem since 1933 it has been the personal headache of iolas henry A wallace secretary of agriculture who can remember the halcyon days when all surplus wheat and cotton the two basic crops were bought readily by foreign nations but foreign markets are now glutted american farm surpluses must either be dumped abroad at any price foreign buyers are willing to pay or be left to rot in U ST 9 granaries most people have favored the latter policy meanwhile deploring the economic unbalance that allows many U S citizens to go hungry despite bountiful crops the easiest remedy would be to let low prices drive american farmers off the land but this is socially inhumane politically unsound and economically foolhardy when the new deal started in 1933 AAA was formulated to pay farmers for limiting their acreage funds came from processing taxes levied against manufacturers but ultimately paid by consumers when the supreme court ruled processing taxes invalid a soil conservation program was set up to pay farmers tor for retiring their land ostensibly to give it a rest but actually to limit production thirty per cent ot of customs receipts were set aside to pay tor for it last spring with surpluses still piling up congress passed a new farm law too late to limit uon tion this year which partially accounted tor for its failure under it the government may 1 control production with consent ota majority cju aim farmers 2 make daymen payments tor tiring land 3 make additional parity pay payments as a protection against less than production cost prices 4 loan mon money e y against crops if compulsory control Is enforced next year as provided wheat and cotton must be reduced one hall half agricultural ise rebellion would result still seeking the answer secretary wallace recently tried export subsidies which the state depart ments undersecretary francis B sayre condemns as the uneconomic giving away of our substance to ao foreign nat nations lons though U S farmers are being subsidized the difference between export prices and the domestic market price many observers consider it ridiculous to sell gell surplus foodstuffs abroad at a loss when n several mw milli americans are going h hungry COM cot 4 next winters congreso con congress gresi will be asked ask ed to adopt still ar another iother farm bill the most tar far reaching attempt yet made to kill two birds 4 at SECRETARY WALLACE poor people are also a problem with one stone the birds farm problem and poor relief the wallace plan surplus farm products would be distributed to U S low income groups instead ot of being dumped abroad though the federal surplus commodities modi ties corporation already distributes potatoes prunes milk and other minor products not affected by AAA the new plan would include beet beef pork wheat corn and cotton broadly it would follow new york cites method of selling milk to relief families for eight cents a quart the city paying the difference ur if expanded to a national proposition the U S would pay retailers the difference between standard price and cost price to pay for it secretary wallace asks restoration of processing taxes which theoretically tall fall on manufacturers but ultimately strike the consumer opponents argue that retail prices would rise that consumption would drop and substitutes would be encouraged thereby hurting the farmer but since the government hopes to stabilize farm prices its counter argument Is that producers would have steady income and increased purchasing power thereby boosting U S prosperity ty these are the arguments next winters congress will hear people betrothed sally clark sister aan law of son john roosevelt who ath surrenders new york night club career to marry george X aban on december 3 |
