Montana labor news., 1933-02-09
THE EDITORS SCRATCH-PAD

THE EDITORS SCRATCH-PAD
The New York Times reports that Jesse Jones, a d-
rector of the Reconstruction Finance Corporation, made
a pleasant visit to Representative Howard, asking him to
keep the R. F. G. loans from being made pubic, because
publicity would be contrary to the corporations policy
and would embarrass borrowers.
Embarrass borrowers! 1t sure did-one embarrassed
man was former Vice-President Dawes, whose bank bor-
rowed 500, 100000 from the R. F.. C. a few days after
he resigned as chairman of the government corporation.
He had been embarrassed before when the public thought
it was only S6O,00O,000, and he is almost mortified now.
Another embarrassed man is Jones himself, who is
chairman of the board of the Bankers Mortgage com
pany of Houston, Texas, which borrowed 81 ,489, SOL.
Another OF the embarrassed is Atlee POmerene, present
chairman of the R. F. c., who is a director of the Guard
ian Trust company of Cleveland, o., which borrowed SILL
I915,962, and has just been authorized to receive another
Sc, 900, 900. Power Trust Couch" Arkansas shining
light on the R. F. c., is probably embarrassed a little,
too. The st. Louis-San Francisco Railway Company, of
which he is a board member borrowed 1895, ITS.
Notice, too, the bargain sale" figures that look like
the old "98c sale" gag-$11,9 1862 instead of an even
.$12, O0,OO0; $~5,9O0,000 instead of an even $6,OO0,OOO
1895, ITS instead Of an even $8,00O,0OO Clever psy
biologists, these R. F. c. directors!
But anyway Dawes isn't so bad. He at least had
the good taste to resign!
We have a Twentieth Amendment. People began to
think we ought to do something about Lame Ducks" a
generation ago. Senator Norris has been fighting for a
definite proposal to e~xtinguish them for over ten years.
When the proposal finally was put through Congress and
submitted to the states, a year saw it adopted. The Con-
.stitution can be changed sensibly after all!
How about a Twenty-first Amendment. People be-
gan to think years ago that something should be done to
keep the Supreme Court from ruling unconstitutional So
.os,1 oos1o4s~ xoaIo ~ oNoroo A 1on-o xrn1 c+ou+o1 II
over a year ago to fight for a definite amendment to
cure the evil. Now to build forces to have the new
amendment accepted! Victory may be nearer than we
think.
Here's the Edison Electric Institute, organized to purge
the industry of evils that have grown up in some COM
panies, such as the looting of operating companies by
holding companies, the publication of inaccurate and OBJ
scure financial statements, and the use of questionable
propaganda and lobbying methods.
Sounds nice? Well, the Edison Electric Institute is
headed by a group which has been in control of the Ma
tional Electric Light Association, bribers extraordinary
of American public opinion. Watch out for the new
influx of reform propaganda!
But let John Paine take the floor. o. K. Paine, make
it hot!
Who says there's no prosperity on the farm?
Sherfts sale at Perry, la, Jan. 70, brought S4o.O5, OF
38 times the $118 netted from the one at Perkasie, Pa,
on Jan. 3.
Things are booming!
The Conservative Party of Ontario, Canada, with an
overwhelming majority in the present legislature. has de-
cided to extend its governments life one year without a
general election.
N-DEMANDTH