Evening star., 1933-12-24
How Al lphabetic Administrations Stand
On Eve of Convening of Congress

liquor business. This organization NAV
form the basis Of permanent control
agency, but thus far the President has
not said what he though of giving
T. A. c. A. a permanent status. The
liquor industry doesn't like the powers
enjoyed by the administration.
F. S. r. c., or Federal Surplus Re-
lief Corporation, is one alphabetical
agency that may come in for some close
congressional inspection. 1t was in
tended to be the agency through which
the Government would buy up surplus
1000 products and distribute them 10
the poor. But a number Of things COM
plicated the operation Of T. S. r. c.,
and 1t got the worst end Of a coupe
OF tood-buying deals. However. the
articles Of incorporation of this agency.
disclosed this week, indicate that il
may ultimately enjoy broader powers
than those vested in any other recovery
unit. II the President chooses he NAV
empower the F, S. r. C. to exercise all
authority now vested in the P. w. A
the A. A. A. and the F. E. r. A.
c. c. c. stands for Civilian Conserva-
ton Corps. and it is going to get more
money from Congress to support its
5000 youthful workers in the forests,
if the legislators follow the wishes OF
the President.
c. C. C.. also stands or Commodity
Credit Corporation, and here hundreds
OF millions now are being loaned cn
corn and cotton. This is . price-peg-
g1ng agency, making loans to farmers
with their crops as security, at a price
above the market. If prices advance
the grower can sell and liquidate his
loan, but " prices do not advance or
go lower, then the Government gets
the cotton or the corn and stands the
loss Thls method of lending is popu-
lar with the farmers and some mem
bers OF Congress are considering how
the plan can be applied to more crops.
L " A thinks that it is going to
have to stand congressional investi-
cation and is preparing for one. This
is the Tennessee Valley Authority that
plans TO bring the new deal to a vast
area in the Southeast through devel-
opment of cheap power and planned
economy. What the President thinks
OF T. V. A. can be seen from his inti-
nation that he probably would not op-
pose an M. V. A. or c. r. V. A. The
first is a Missouri Valley Authority that
would do what T. v. A is doing, only
in the valley of the Missouri River, and
G. r. v. A. would do the same in the
valley of the Columbia River. These
projects lie in the future and their de-
velopment may depend on the outcome
OF the Tennessee Valley experiment.
N. E. c., or National Emergency
Council, is the mystery man of the al
phabet corps. 1t is the creation of a
recent executive order and, according
TO the announcement, is to coordinate
the various recovery agencies in eacn
county Of the country The President
Is reported to have referred to it as an
emergency agency. Some others con-
tend that 1t may become vast political
machine, while still others see in it
sort OF super-co-ordinating agency to
tie up the various recovery programs.
F. 7. G. stands for Federal Trade
Commission as revived organization
1t is administering the new securities
act and may get the job OF enforcing
the N. r. A. The best information,
coming out Of the White House, is to
the effect that the securities act-so
vigorously opposed by flnanciers-may
be clarified by the coming Con-
greSS, but is not likely to be modi-
fied, If the views Of the President pre-
vail.
When the affairs of these emergency
y. ~ SoAAA1ot tAoAlo iidfe pScu SedIL WIN.
Congress will have the money problem
on its hands. A wide interest is re-
ported in silver, ranging from 16-to-1
advocates Of the william Jennings
Bryan era, to advocates of coinage for
the few million dollars of newly mined
silver. Latest reports are that Mr..
Roosevelt probably will ask for wider
authority to use his discretion in deal
ing with money.
AL In all, in spite of lack Of success
full opposition, many Congressman |
think they are going to be in session |
well into June. Speaker Rainey thinks |
that April will see the wind-up.
(Copyright, 1887 |