Evening star., 1933-07-13

A year ago such troubles might have
caused apprehensions. They do not
now. They merely point out the
problem.
Ofhcials who must find the solution
may have a few sleepless nights. Nc
one else needs to.
Plenty of Power to Act
The underlying truth is that this ad-
ministration has about as much power
as there is on earth to meet its prob
lens. 1t can take industrial giants by
the ear and spank them like school
children. 1t has billions ready to boost
purchasing power.
Also. public psychology has been SC
far restored that it is no longer timid
about difficulties arising from time to
time
Therefore. those who have their feet
on the ground are interested solely IN
seeing how the administration works it.
self out.
Strong inside pressure has been
ererted to make President RooSe-
relt chart q ne1U course A certain
amount of defation has been dd-
Wsed. That 1Ce1pot 1CdS used very
effectively jor the same purpose in
the POSTWAR period. 1t kept prices
from going up too fast. 1t put
rein on the business horse.
At least one influential party man has
been trying to sell the scheme to the
administration for use now. His long
distance telephone calls have reached
even to the White House. He believes
it would be an effective curb against
industrial slackers.
The thing is, it is too dangerous. II
may be displayed as weapon, but not
seriously employed. Other more ef-
fective means of accomplishing the
same results will be sought first.
'Brotherly Love" Boy.
People are trying to spread the word
around that No. brain trustee, Pref
Moley Is coming home from London a
beaten man. They point to the current
ascendancy of State Secretary Hull.
The trouble is they do not understand
how Mr.. Roosevelt works.
Mr.. Hull is the hands-across- -the-sea
man of this administration. He is the
brotherly love boy.
The heavier duties devolve on the
hard boiled nationalist, DR.. Moley.
When President Roosevelt wanted tc
push his strong nationalism program at
London he sent Dr. Moley. Now that
Mr.. Hull has been left there to salve
the wounds.
The point Is that each man has
his particular job in the inside pic
ture. Each ServeS his purpose. Their
duties rarely conflict. When they do,
DR.. Noisy can usually be found ON
top.
The new super-cabinet scheme was
devised because of the confusion
backstage here. During recent weeks
it has been just like war-times.
Officials have been running around
in all directions. A clear idea of what
it was all about was lacking. There
Ice Code Unwanted.
The ice pool went to one authority in
the industrial control set-up. They
were told the administration did not
want code for that industry. Later
they saw another authority and he
told them the Government did not
want an ice code. For days they did
not know whether they were in or out
Oh The The SseatD; soft drink people had exactly
the same trouble.
A simple solution would have been
to mix the ice and the soft drink and
enjoy it. That is what the Super-cabi-
net is supposed to do.
There are lot of things the Senate
failed to find out about Wall Street
One is that orders frequently are placed
to buy stocks far above the price they
are quoted.
The specialist in General Electric
stock could haze testified that when
the stock was at 81 he had large
orders to buy it as soon as it got to "a
The idea is that stocks haue GER
tain resistance leuels. Certain pur-
chasers 1pere convinced that if Gen.
eral Electric euer passed "a it 1Uould
90 to 80. 1t did.
Gen. johnson has been insisting he
has So codes in his sleeve ready to
start. They may consist largely Of the
type offered a few days ago by con-
tractor who strolled into Johnson's
headquarters. This fellow submitted q
code for the contracting industry Of the
United States.