The producers news., 1927-12-30

to Washington and sent south. l was
listening to President Coolidge in the
executive offices of the White House
when he told the correspondents thai
the flight Of Lindbergh had no politi
cal significance. That was the first
l heard of the proposed flight. Mex
day Lindbergh started from Washing
ton to Mexico. l could see the signi
ficance when the Associated Press
friendly to Morgan, spattered the first
pages of the daily newspapers will
the Lindbergh reception in Mexico
City and "whOoped her up" for "peact
and good will" at the same time
Hearst was exploding his bombshel
before the senatorial investigating
committee. The tremendous baragt
of good feeling, 'Fbetter relations
with our Latin-American neighbors,
etc, had the effect of multiplying the
effect of the Hearst offensive.
The New Diplomacy
The dominant Wall Street group
is out to capture the South Amer
lean markets. If "sOft soap" diplO-
AchAAS tAhCA LIC I1CdlSl HtGLHOU
will have its day but it is evident
that 'W.R." is now out of tune with
the rest of the band. The new Hi-
plOmacy consists Of sending out a
Jester before the airplane. The
flag and trade follow the other two.
The captains Finance are now us
ing the policy of the boa construct
or, which salaviates its victim be-
fore devOuring it. Hearst repre-
sents the absentee feudal landhOld-
er and is for war. Morgan, the
general of finance capital believes
just now that a live Mexican is a
better prospective subject for ex-
plOitatiOn than a dead one. So we
are to have peace.
Deadline of Walsh
The shelving of the Walsh resolu
tion, proposing the investigation O.
the Power Combines is construed
here as presaging the downfall of thu
prestige of the Montana senator
Many members of his own party wht
loyalty supported him in the past de
serted him when the crucial momen
came with the result that the motion
of Senator Moses prevailed and tn
matter was referred to the InteIstat,
Commerce committee whichT Is sup
posed to be hostile to-the Sinvestiga
ton. proposed by Whator Walsh
December 16 is the date fixed for
hearing on the resolution and it i
certain that the gloomy senator will
wage bitter fight to dynamite hi
pet project out of this committee ontt
the floor of the senate.
Walsh ''Buts In
When progressives, who assembled
the information which was to be pre-
sented to this committee, were inform
ed that the resolution would have
better chance, if it was proposed b,
Senator Norris or some one who hat
not Standard. Oil or Montana Powe
friendships, they. replied that Walsl
wanted to take hold Of this investiga
tion very bad, He knew that if
committe was appointed to conduc
the investigation that he would b
the chairman and in that way woul
have his name on the front page fo
months before the Democratic Con
Vention meets. The cunning old fake
would rake fore and aft, every powe
company the Ryan-Kelly Kerr com
bination didn't like and would max
himself strong with the democrat
outside Montana who do not know hi
corporate friends. Officials of th
Montana Power company, who wer
here said they had nothing to fea
from any investigation by Walsh.
They were not an interstate monor
oily like the holding companies. cor
trolling the Billsby, the insult and tn
General Electric interests. The Nor
tana Power Company is not control
ed by any Electric Bond and Shar
Company; it is the private graft @
Kelly and Ryan. 1t is the instrumer
tality by which these captains of f
nance MIXED the Anaconda compan
and the Milwaukee railroad. The Of
ficials of the Montana Power Con
pany knew they had nothing to fes
from an investigation sponsored
their retainer, Walsh. and their rel
resentatives here made "no bones
about this patent fact
Walsh's Presidential Kite
Strange as it may appear Walls
thinks that by some turn of the whe'
of chance he might be named as den
ocratic candidate for president at II
national convention of his party. TIL
power investigation was the tail /
intended to tie to his Cite. The m;
Jority of the senators here sa
through the scheme and they used
very large and sharp shears betwee
the kite and its tail. The RESULT
that the visage of the Helena state
man is more detected looking thu
usual. Walsh looks like a kid fro
whom his rattle was taken away.
Norris or Johnson Should Move
If a resolution for a wide and ho-
est investigation of the predatol
practices of power companies were i
trOduced by such men as Senator No
ris or Senator Johnson, the weight
public opinion would be behind the
In their move. They would not be a
cued of having any ulterior polite
purpose in view. The suspicion
favoritism toward any electric
group would be eliminated. Such
resolution and such an investigate
would be successful and would resu
IN bringing out facts about an indu
try that is fast assuming a predom
nant place in American enterpris
It would probably result in the pas
age of legislation that would CORE
the abuses now existent and preve
the further spoilation of the natur
resources of the country by the po7