: - " A ' i . r
Thursday, May 12. 1938
l»eL
Washington, May 10 Before
President Roosevelt left Washing
ton for a vacation voyage on the
new cruiser "Philadelphia" he
took occasion to send a message
to Congress asking for half a
million dollars to be used for in
vestigating private monopolies.
Concentration of economic power
in the hands of a few persons or
groups, he said, tended toward a
condition which he compared to
Fascism. That Congress will vote
the money is more than likely.
That the investigation, to be made
by the Federal Trade Commission,
the Department of Justice and the
Securities and Exchange Commis
sion will produce any results that
will be politically useful is doubt
ed by many. And what Congress
is most concerned about, now as
always, is political results.
Congressional leaders do not
look for any important political
results from the expression by
sixteen of the nation's financial
and business leaders that they
are ready to go along with gov
ernment whenever government
shows signs of being willing to
play ball with them. The elder
statesmen on the Conservative
side have never had any doubt'
that business men were eager to
continue in business and finan
ciers to finance business, once the
hobbles imposed by onerous tax
ation were removed and business
was not kept in a state of sus
pense and apprehension.
Ease Up on Business
President Roosevelt's expression
of approval of the evidence of co
operative spirit on the part of big
business is taken in some quarters
as indicating a change of front by
the Administration in its attitude
toward business. Whether that
proves to be true or not, there is
no quesion that the attitude of a
majority in Congress has become
definitely realistic, and that no
new legislation which is calculated
to have a deterrent effect upon
business expansion and reemploy
ment has a ghost of a chance of
enactment at this session.
The response of the nation to
the new tax bill as finally agreed
on by the conference committee
of the two houses has been to en
courage the conservative Demo
crats in their attitude of inde
pendence. The new tax law prac
tically abolishes the tax on cor
poration reserves, and so greatly
modifies the capital gains tax as
to eliminate that barrier to the
investment of new capital, for all
practical purposes. There is, to
be sure, some trace left in the
new bill of the Administration
plan of taxing undistributed cor
porate earnings. That was re
tained in principle as a matter of
"saving face" for the President.
But in effect the tax plan agreed
upon is another victory for the
rebellious group in Congress, who
have been heartened by success
to take an even more defiant
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stand in opposition to another of
the pet measures of the White
House.
Wage-Hour Bill Stymied
That is the bill to regulate
wages and hours of labor by fed
eral statute. The executive pres
sure upon Congress to enact such
a law has been tremendous and
persistent ever since the proposal
was first broachen. There have
been a series of bitter fights in
both houses, chiefly behind com
mittee-room doors, over the plan
sponsored in the House by Repre
sentative Mary Norton of New
Jersey. The original measure has
been revamped and modified in
committee until it bears little re
semblance to.its original form.
At last it took a form upon which
the majority of the Labor com
mittee could agree, but it in
stantly ran into a snag in the
shape of the all-powerful rules
committee.
Without the consent of the rules
committee, under parliamentary
procedure, no bill can be placed
on the calendar for consideration
by the entire House. And the
Rules Committee refused to grant
a rule placing the bill on the cal
endar. Five Southern Democrats.
Cox of Georgia, Driver of Ark
ansas. Smith of Virginia, Clark of
North Carolina and Dies of Texas,
joined with three Republican
members of the committee to re
fuse the rule. They were reflect
ing the general opposition in the
South to any legislative attempt
to put the wages of Negroes on a
level with those of white workers.
Unless Chairman Norton can
get 218 members to sign a petition
discharging the Rules Corw-;****;
from consideration of hex bill, it
has no chance of passage at this
session. And in view of the time
it would take to make action
under a petition effective, and the
almost unanimous desire of Con
gress to adjourn by June first at
the latest, the outlook for a wage
and-hours law seems doubtful.
Garner Backing F.D.R.?
It is no secret on Capitol Hill
that there is antagonism between
the President and the Vice-Presi
dent. Both men are too good pol
iticians to admit an open clash
between them, but it is suspected
by many insiders that Mr. Garner
is the master-mind behind much
of the political strategy which has
resulted in the defeat of many
of the President's pet measures.
The President still has many
loyal supporters in both Houses, of
course. There are nearly two
hundred Representatives and
more than forty Senators who
can be counted upon to stand by
Mr. Roosevelt and the New Deal
through thick and thin. Not the
least important of these is Sen
ator Sherman Minton of Indiana,
who is understood to be very
closely in the President's confi
dence, and is often regarded as
the President's spokesman.
Senator Minton succeeded Sen
ator Black, upon the latter's ele
vation to the Supreme Court, as
chairman of the Special Commit
tee to investigate lobbying. His
attitude in that capacity has been
one of bitter hostility toward any
one who criticized or tried to block
the passage of any measure fav
ored by the President.
What You Can Do
Each of us can help to save a
life or prevent a possible serious
injury.
We can correct unsafe condi
tions in our homes. We can teach
our children the proper way to do
things, and safe playing habits.
We can help in organized efforts
to make everybody safety - con
scious.
Do this, and you and your loved
ones have a better chance of liv
ing a normal life span.
It Pays to Advertise
The editor received the follow
ing letter several days ago:
"Monday I lost a gold watch
which I valued very highly. I
immediately inserted an ad in
your lost-and-found column and
waited. Yesterday I went home
and" found the watch in the
pocket of another suit. God bless
your paper."
Stable Government
Beniler—What do you consider
a stable government?
Hitto—One that locks the stable
before the horse is stolen.
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