Evening star., 1934-11-01

Here is what they are up TO: They
want to change the two Fundamental
N. R. A policies of price fixing and
restriction of consumption. They are
not going to abolish these two policies
entirely, but they intend to work or
the broad basis that there should be
no price fixing and no restriction OF
production. In fact, they have already
adopted those two new principles, al
though they have not announced
them.
No,U they knoD Uery nell that
there uiH hare to be exceptions to
these tWo policies. For one thing,
the soft coal industry is in such a
state that restriction OF production
is necessary. An exception tcill be
made for that and for other SIM
ilarly afflicted industries.
Also they know they cannot put
their new principles into general opera
ton Immediately. They intend to work
along quietly, applying their new pol
icies to each case as it comes up, until
next June 16, when practically all
existing codes and the act itself ex-
pire. Then they will try to revise
codes in accordance with their ideas.
New Laws to Be Proposed.
There will have to be new legisla-
ton at the coming session of Congress.
Mr.. Roosevelt will recommend it in
his message opening the congressional
session in January.
They may encounter some trouble
from the industrialists. What the
White Shirts like most about the N.
r. A. is the curtailment of chiseling.
underselling, overproduction. That's
what they wanted for years, but
couldn't get because of antitrust laws.
They can decide whether they want to
come into new codes or not. The New
Dealers believe they will come in for
cooperative protection.
Consumer Aid Difficult.
Everybody's heart bleds for the dear
old consumers, but no one ever does
much for them as a class. The bald
fact is nothing much can be done.
All workers are consumers. So are
all the White Shirts. The New Deal
ers have an idea that, if they help
the workers and help the Industrial
lists, they are helping the consumers
generally, without any specific con-
sumner activity.
There is an idea running around
loose in high quarters that q def
mite consumer Increment could be
started The idea is to organize
UdSt consumer education bureau
here Ia hundred times bigger than
DR.. HOtDe'S Consumers CounSel)
and haze it keep tab on prices.
When certain prices get unredSon-
able, the ne1Us mould be broadcast.
Whether that lUiu be done has not
yet been determined.
1t is a 10-to-1 bet that they will
waddle along with something like the
existing three consumers protective
set-ups, which do nothing more than
maintain pretense of activity.
Ex-New Dealers Story.
An eminent ex-New Dealer says the
explosion which blew him out of the
New Deal reminded him of another
experience He tells this story:
''I 1uds going to my room at an
Army post one night ,Uhen a tello1D
officer in pajamaS called me aside
and asked me to accompany him to
his room He said there pds a
snake under his bed, that it UaS
against the regulations to shoot
firearms on the military reSerUd-
ton and that he t0dnted me as
UitneSS Uhile he shot the snake.
Il went along, watched him point
the pistol under the bed and blaze
away. Imagine our surprise when the
bed went up in the air about 5 feet.
1t developed that the snake was Is
foot python"
Enthusiastic on Bonds.
The fiscal authorities of the New
Deal will not say so openly, but they
are highly enthusiastic about the re-
suits of the $50,000,00O H. o. L. G.
test bond issue.
The marketing houses reported that
the proportion purchased by small in
vestors in $50, $100 and $500 lots in
dicated there is an untapped puLlic
market for long-term Government Oh
legations If offered in small denOmi-
nations.