The Waterbury Democrat., 1932-01-23
Dawes Will Be The
 Supreme Dictator
(Continued Prom Page D

funds in order to save its life.
 The corporation Is relieved Of responsibility only in the case Of agriculture and interstate steam and electric roads. The secretary of agriculture will supervise lend- ing of $5O,000. 900 to $200.600, 900 atptted for emergency aid to far. mers suffering crop failures last year. The interstate commerce comm lssion will pass ntranspor- tAtion loans.
 The corporation will pass on the security offered for loans sought by banks, saving banks, trust com panies, building and loan associa- tons, insurance companies, mort- gage loan companies. credit unions, government sponsored agricultural banks, and agricultural and live stock credit corporations.
 Dawes is given almost unlimited lattiture.
 The corporation is given free hand except that 1t cannot lend more than $100.000,000 to any one concern. In its reports to congress 1t need only state the aggregate and the numbers of borrowers by StutSo III CuSh ANO s"hbA names are to be disclosed.
 As & check against abuse of this tremendous power, officials of the corporation are forbidden to pass on any loans of concerns in which they are even indirectly interested.
 Who Dictator Is
 Washington. Jan 23--U. P)- This man Dawes, whose job Is to breathe life into the new 32,009,- 900, 900 reconstruction Finance Cor pOratiOr, is a demonstrated master at such things.
 He is the only living man, for instance, who is known to have shaken a broom In the faces of a president and his assembled cab inet. It was his way of dramatiz- ing such @ tedious. unspectac cular task as budget reduction.
 Dawes had just been made direc- tor of the budget by the late Pres ident Harding. He induced the president, the cabinet and all bu- reau chiefs to attend q mass meet ing--in reality an economy pep meeting. It was a torrid June day.
 Harding was in 8 palm beach suit. Dawes wore a two-inch chok- ing collar and a loose gray suit, the sleeves of which hung down half-way over his hands. The as- sembled government bureau chiefs, little czarB of their corners in the great government departments were cynical about this shouting. gesticulating figure who proposed to make them cut down their ex- penses.
 Dawes. to show them that all of- fcials looked alike to him, turned on then Secretary of State Hughes. austere, thinking of high intsrna- tional problems and chided him for failing to send in the name of the state department budget ofncer.
 "I hope the secretary will do it to- morrow" Dawes said.
 He chided Secretary Mellon for like negligence. He warmed up on economy. swinging his arms around his head. shouting shrilly, stalking up and down the stage like Billy Sunday.
 Then he seized a broom which he had brought into the room with him. He shook 1t at Hard ing and the cabinet, demanding to know why one department paid twice as much for that broom as another department. Some of the cabinet members laughed. Others looked startled. Harding smiled.
 Dawes had just made his na- tional reputation few months before. It was not for his able management of supplies for the A. F.. F. It was not for any pro- found acts Of atatcsmo nship, H0