The midland journal. (Rising Sun, Md.) 1885-1947, 1933-02-03

views will number at least half as
great as the number Of representa-
tives and senators.
Mr.. Roosevelt campaigned on prom
voters to do away with truckload or
so of government functions. Most Of
the Democrats in congress made the
same sort of arguments. Now, how
ever, 1t seems as though some Of them
had their tongues In the cheeks.
Economies are necessary. judging from
the argument one hears In both house
and senate, but make 1t apply to the
other fellow, first.
Farm Relief and Banking.
Among other things due to face the
extra session are farm relief and
banking legislation. If the senate
takes the house farm parity BILL" the
domestic allotment plan under another
name, it faces certain veto from
President Hoover. The bill over
which Senator Carter Glass (Dem.),
OF Virginia, has worked SO long and
ably to revise the national banking
and federal reserve laws, is going mo-
where in this session.
So it is easy to see what gigantic
forces will be exerted against two
measures which it appears Mr.. Roose-
welt favors. Each Of these bills has
opposition spreading from coast to
coast, but it remains to be seen wheth-
er that opposition is Strong enough to
break the unit Of Democratic strength.
The character Of the fight that il
to come over the Glass banking bill
has been thoroughly demonstrated by
that which took place in the senate
recently. 1t is no game at which chill
dren can play. There are tremendous
ly big bankers against it, and there
goodly number of little bankers
against it. Their objections are not
to the same sections, but that is imma-
terial.
This banking legislation links right
into the problems of domestic debts,
and that, in turn, is tied like a knot
about the use Of the Federal Reserve
system as an aid to economic restora-
ton.
Back Of it all obviously are the two
camps, one urging imitation Of the cur
rency even to the point of abandoning
the gold standard and the other group
preaching sound money and retention
of the gold standard. This phase Of
the problem that will be left on Mr..
Roosevelt's lap provides an entree in
to the picture for all Of the varied
patent medicine legislators who have
their own plans for curing everything
from the hives to an economic break
down.
Into this picture also is seen the
probable advent of leaders in the
movement to pay the soldiers bonus
Immediately. Many of them want to
pay in currency that has just come
from the government presses, and with
nothing behind 1t.
The domestic debt situation also
gives the self-appointed type of econo-
mic doctors another opportunity.
There are farm debts and debts of
city home owners over whose heads
mortgages hang. Plenty Of words will
rend the atmosphere about these con-
ditions.
Probably some legislation will come
out of the situation centering around
debts. Changes in the bankruptcy
laws are now impending, as ex-
planned in an earlier dispatch. The
consensus is that this legislation is
moving in the right direction and that
something worthwhile will eventuate.
That legislation, however, has only
a very slight connection with the
general farm problem. 1t may, and
probably will, result in help in the case
of mortgages of city property, but 1t
will not deal with mortgages on farm
lands. Those mortgages are so great
that distinctive and separate consid-
Grafton must be given them.
Complex Foreign Questions.
Mr.. Roosevelt lately has given much
thought to the whote category of for
eign questions, too. Some of them are
in situation at present that indicates
they are growing in completely. re-
fer to the Japanese-Far Eastern con-
dition, particularly, but there are dis
turbing elements in South and Central
America as well.
It can be seen, without recourse to
Imagination, that these are closely re-
lated to war debts. Any mention Of
war debts connects up at once with in
ternational tariff policies, and Mr..
Roosevelt is proposing some sort of an
international new deal with respect to
the high tariff walls erected in so
many countries.
Congress has said 1t would have
nothing to do with any proposals for