Evening star., 1933-11-29

On reputed White House and Treas
ury authority categorical statements
are now circulating both in Washing
ton and New York that there will
positively be no imitation, at least in
the form of greenbacks or other
'baloney" money of printing press
origin. Neither Acting Secretary Nor
renthau nor any other responsible
official. to say nothing of the oracies
at Warm Springs, will authorize
definite statement to this effect. APP
parently the plan is to let actions SPEAK
louder than words. On December 10,
s727 600 900 Of refinancing OF Feoerai
securities will take place and TINS Is 70
be handled in routine fashion, WiInout
resort to inflationary devices OF any
kind. Uncle Sam will raise the heceS-
sary wind through public funds, pre-
sumably short term bond issues, and no
difficulties are expected in conducting
the transaction on that time-honoreo
basis. Mr.. Morgenthau is serenely con-
fdent that his recent assertion about
the Governments credit being as
strong as Gibraltar" will be handsomely
vindicated.
Another impression now steaolly
taking root in many quarters, with some
oficial authority claimed for 1t, Is tnat
President Roosevelt, anti-inf1atlonlstN ~
heart, Is resorting to his goio-puIcuAse
nlans in the deliberate hope that they
will prove sufficiently effective to ward
of all necessity for imitation under the
nermissiye powers Congress conferred
,Inon him. Administration supporters
Continually contend the best evidence
that F. D. r. is sound money" man
is that he has resolutely declined TO m
woke the wide authority contained IN
the Thomas amendment. Yet, one more
persistent monetary statement Is tnat
dollar stabilization is just around the
corner and will be ordered By the time
Congress is on the Presidents hands
probably at a point somewhere between
SO and 60 cents. Nothing Will be Done
that could possibly play the game OF
spectators by letting any premature
cat out OF the bag. When Mr. Roose-
velt is ready to stabilize-he Will sta,
bilize, SO the story goes. And that VIII
be that. All these various theories
about coming events are predicated on
the realization of administration hopes,
respecting prices and recovery in gen
erai IF these fail to materialize, WASH
ington won't be surprised II an 1nna-
tion-minded Congress takes the bit IN
its teeth and turns permissive powers
into mandatory authority. In nut.
shell. it's a race between recovery ana
imitation during the next six weeks.
X X X X
Albert w. Fox. former Washington
political writer, aud now of the District
Of Columbia bar, has just been admitted
to practice before the United States
Supreme Court. Fox, who used to quiz
Secretary. Charles Evans Hughes vig-
orously at State Department press con.
ferences in former days. met the Chler
Justice not long ago and warned MIN
of his approaching matriculation: the
court will tremb1e," said Hughes In
semi-solemn accents. Fox is waiting to
inform Mr.. Hughes that all that really
trembled on the day Of his admission
was the floor on which he stood before
the Nations most august tribunal.
Muscle Shoals has q brand-new radio
station Of It's own, with the up-to-date
cau letters Of "wNRA," chosen in honor
uniaue u distinctioneit.s owned and op-
Grated by a woman. Mrs. kathryn Jones,
one of the few members Of her sex to
conduct broadcasting station. WNRA
was dedicated on November II and
pledged its facilities to the cause Of the
Tennessee Valley Authority. Pending
the granting of its application for
permanent license by the Federal Radio
Commission, WNRA, a 100-watt station
with a frequency OF 1,400 kilocycles. Is
broadcasting for 80 days on a so-called
program test basis.
\ y X
Public hearings were held at N. r. A.
yesterday On the proposed code for
the Comfortable Industry" This seems
to dispose Of the theory that there Is no
such industry left In the country.
Paragraph I, Article II, of the code