The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-09-09

II
in addition to Walkers 60 no, -.
salary boost, by which The =, r,s esle
raised his own pay from s2s s ~
to $4,000 during the first v vsS,V
the economic crisis. 70. 80 y
himself admits the New Y0rr 'V ~.
corruption in the fOIlowinS >. '.. S.s
ment, but concludes that h !. ~
fectly legal. Per
Says Corruption Is Legal
For example, local governmsr,.
require surety bonds for their l mn,
lie works, contractors doinr NV ~.
work pay millions of dollars y
premiums. 1t is not illegal f., :
contractor to get his bonds tb,.
his relative. Yet the whole bu.;.
ness is indefensibly unethieal \
illustrates the cash profit n 4.
municipal politics. No law -
prevent this" '
Thus he brings himself around
to the conclusion that he carnot
DO anything about the graft. and
that is just what the grsfFs,.
want him to say. His own metboS
OF paying and receiving graft i
less direct, as we have seen. INIT
no less profitable.
Roosevelt and the Power
Companies
]. P. Morgan and his Nisvs,o.
Hudson Power company know thew
have nothing to fear from any $50
cialistic" tendency in Franklin D.
Roosevelt. By seeming to threaten
the big utility companies with the
state ownership of TRANSMISSION
lines, ne was making bid for the
progressive votes in the West hut
he quickly covers any interpr,ts-
ton of his remarks as "radicslU
with such a statement as the fol.
lowing: II do not want, any more
than Mr.. 0ttinger CHS Republican
OppOnent) or the power Interest,"
to put the people of the state b
New York into the business Of dis-
tributing power to the ultimate
consumer. This is matter wheA
can now be properly taken care 4
by private companies. @
Or again in the following sen
tence:
The Democratic policy towards
the great water power Of this stats
does not contemplate the stab
going into the business Of selling
electricity to the homes, nor dos
it seek to deprive any legitinssi
investor of his legitimate retuR'
Speaking for his fellow capital
lists, William II. Woodin endorse,
Roosevelt with complete conf
dence. Woodin is president Of th'
American Car and Foundry con
Ipany, and chairman Of the beam
of American Locomotive Co.: 2
have every confidence that with
Mr. Roosevelt rs president, II
problem (of water pswer) viii ,
] tackled in the spirit l have ina
cated-Of fair dealing and Of equa
! justice to all concerned. There J
nothing Of a destructive nature D
Gov. Roosevelt's makeup and out
look on life and affairs-for Whltl
reason I have no fear that IN !.
approach to the problem he WI
bring TO it either inelinatiea q
desire to destroy or hammer -
many companies that for yssr'
have devoted their time card, -
money to the development Of IN
great industry" ),
The Journal OF Commerce stasa
that Wall Street knows RooseVsl
As ~safe." The KiplingT Washing
ton Letter, circulated privately :
business executives, also endOrss !.
Roosevelt in its letter Of July /"
| 1882.
Raised Electric Rates mr.
Workers
] With all his publicity about y
ducing the rates of electric GU \,
Dent for the consumer, RoOssVe =.
policy has actually raised the fs'
for all the smaller individual con
Isumers. The only reduction ~.
for the industrialists and O'ns
large consumers of electric RoSa,
Workers families in New isn
must now pay the minimum cnaI ~.
of one dollar a month, In oros
to have electricity st all, Tne y
/ formerly their electric light On'
may have been only 50 cen" y
month or less. This means 3 ~
Iper cent increase in this item J
expense for many working s'''
families. -,
No, Mr.. Roosevelt is no 1fls e..
of the workers, Negro or wnl.s I
He is a candidate Of Wall Sfss =.
advocating a "fair return on 10y
Iital invested" more "mO s',
tariffs as against the RepuDno~ &C.,
higher tariffs, the payment o. y" =
debts 10 American capitaliss =
the starving workers Of Gern ..',u
- H. NJ fuHk4bN