Evening star., 1932-05-11

Suggestions in this place 10 days ago
that the Roosevelt shoppers particularly
the AL Smith contingent, are grooming
Owen D. Young as the Democratic dark
horse are now borne out by late devel-
opmentS in New York. Next Tuesday
| night May II, Mr.. Young is TO be guest
of honor at Metropolitan Club dinner
with Messrs. Smith, John w Davis and
! Charles H. Sabin as hosts. Washington
politicians look upon this news as prima
facie evidence that the Young-for-
President movement is under way and
in practical hands. The reported
scheme is that the chairman of the
General Electric Co. and the Radio
Corporation of America will be trotted
out at Chicago only If and when Gov.
Roosevelt is definitely unable to make
the two-thirds grade and the conven-
ton is deadlocked A no less significant
sign of the times is an address just de-
liYered by Mr.. Young before the North
ern New York School Masters Club
at st. Lawrence University, Canton,
N. Y, Of which he is a graduate. Young
makes a direct bid for the farm vote
by proposing that the equalization fee
of McNary- Haugen fame-may lead the
country out of depression. What he ac
tually said at Canton this week was:
Our salvation may lie in the adoption
Of the equalization fee, which, If prop
erly organized and administered, would
give to the agricultUralist something of
the protection enjoyed by the indus
trialiSt."
In Finance Committee quarters at the
Capitol they're laughing up their sleeves
over the recent action of the House i'll
cutting down the salary of Gov. Meyer
and his Federal Reserve Board col
| leagues from $12, 900 to $4,000 a year
| The slash is part and parcel of the
economy mania. Congress Is author
| rlZed. under the Reserve act, to fix
members salaries, but the Government
| does not pay them, so pay reductions in
| the boards case have about as much to
do with Federal economy as the flow
erS that bloom in the Spring. Members
are remunerated out of a fund raised
| by prorating the boards total annual
cost among member banks throughout
the county. The fund generally amounts
to something like 100000 and includes
all the running expenses of the Federal
Reserve System, including the printing
Of currency.
x =
Americas financial woes are respon-
sible for an entirely new crop of stories,
all indicative of the country's determi
nation not to take its troubles too seri-
ouSly. Here's sample yarn. A Wash
| ington daddy came home the other
afternoon from a hard days work at
| the Office, rushed into the nursery to
greet his 4-year-old hopeful and said to
! the gOVerness, well. has my precious
I been good as gold tOday?" The gov
erness replied: We'll not altogether
He went of the gold standard about an
| hour ago!'
Secretary of War Pat Hurley, who
| isn't easily f1abbergasted nearly passed
out the other night at a Republican
| primary campaign meeting in Massa-
chusetts. The meeting. over which At
! torney General Charles B. Rugg was
! presiding, was to be addressed by
! Hurley and a candidate for Congress.
| AS the aspirant for a House seat got
into his stride Hurley discovered an
| amazing resemblance to the remarks
he himself intended to make He
| leaned over to Rugg, pulled his manu-
| script out of his pocket and, sure
enough, the would-be Congressman
was reeling off Pats speech word for
| word. The Secretary of War took the
gaf manfully, made UP a new speech
and didn't say word to the plagiarist
until the meeting was over Then ex-
plantations were asked and ensued. The
Republican National Committee In
washington had issued Pats address
O. an advance news 4e1easss 1t came