The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-26
M'ADOO, CLASS
PROVE HOSTILE
TO ROOSEVELT
Old Line Democrats Unable
to Adjust Themselves
to New Deal.
BY THOMh L. STOKES
Times Special Writer.

" AodlNO lON- April Zb.-PTeSl-
dent Roosevelt today finds himself
embarrassed by two prominent and
influential members Of his own
political household as he faces a
major test with the big financial
and business interests over the stock
market regulation bill.
Senator Carter Glass Of Virginia,
q frequently acid critic Of the new
deal, led the revolt in the senate
banking committee which upset
well-lsid plans of the administra-
ton. Joining him in modifying the
measure was Senator William Gibbs
McAdoo, who has bolted the admin
istration on several occasions, most
notably when he voted TO override
Mr.. Roosevelt's veto Of the veterans
bill
President Roosevelt revealed his
displeasure at their successful coup
by demanding of his congressional
leaders that they regain at least part
OF the losses even if it takes a
Hock-down- and-drag Tout fight on
the senate floor.
Detection of the two senators con-
stltutes a peculiar threat to admin
lstration detectives, not only on this
Dill but on others, because Of the in
huerce these veterans carry in
party councils and because of their
prestige as former treasury secre-
tarles in the Wilson administra ton
"OldFashiOned" Democrats
Whether consciously or not. they
are regarded as having played into
the hands of the enemy-at least by
administration leaders-and at a
time when Wall street is concen-
tfating its assault on the admins
traiion program for stock market
regulation.
%Each essentially is of the old
order, particularly Senator Glass.
They are apostles of what is some
times called fashioned Democ-
racy, by some seriously, by some in
Jest. They find it hard at their
time in lfe-Mr. Glass is "a. Mr..
McAdOo, Toto accommodate them
selves to the new order represented
IN the Roosevelt program.
The Virginia senator is unyield-
ing, occasionally bitter. His Cali
fornia colleague is more resilient
and finds it easier to adjust him
self, particularly where a POLLEN Is
Highly colored with politics. This
he has demonstrated on several oc-
casions.
McAdOO More Adroit
Senator Glass, with his snarling.
csustic diatribes, has openly fought
administration measures on the
floor. Mr.. McAdOo is more adroit
He makes very few speeches. But
a survey of his record will show that
he voted for the soldier bonus, de-
serted the President on the veterans
bill, supported the cOcOanut oil tariff
which President Roosevelt opposed.
left the reservation on the stock
market measure, and now is conSid-
ering following California producers
rather than the President on the re-
ciprocal tariff bill soon to come
before the senate
Hs w A4l4G III LllG AOlAliilOll GdltkOlN VI
critics of some of the Roosevelt
program. the two men are different
in character and Statecraft.
8 Mr.. Glass stands out as the father
of the federal reserve act, regarded
as one of the ma jor achievements of
its kind in recent years. and has
lived to see it first used as the in
strument of the financial interests
during Republican rule and now
dominated by the Roosevelt policies.
His advice has been valuable in
shaping party policy for years-even
now in the field of finance and
banking, though he absolutely re-
fused to follow the administration
monetary program.
Virginia Independent
The Virginia senator. Independent.
and with many enemies. has never,
apparently, had presidential ambi-
tons.
Mr.. McAdoo got a very tempting
look into the promised land of
presidential hopes in 1924 at Madi-
son Square Garden. only to see it
fad away. Eight years later at
Chicago he got his revenge upon
Alfred E. Smith. who had blasted
his hopes at New York. and there
by played a great part in putting
Roosevelt into the White House.
The California senator is The pro-
moter type. He loves politics as a
game. Like an old war-horse, he
turned up at Chicago to save the
day for Mr.. Roosevelt. and then ac-
complished the unusual by captur-
ing a senatorial seat from Cali
fornia.
President Roosevelt owes him
much. as he owes Mr. Glass good
deal. The President has remembered
him we'll in patronage to Califor-
MA; McAdoo men hold several key
positions in Washington.
Owes Debt to Both
Mr.. McAdoo will carry with him
into history a few dramatic en-
frances and exits upon the political
stage-that bitter grip with Alfred
E. Smith in Madison Square Gar
OEU MilSIl AAlt A&OONNN ANh- ANAtt-N
Khan was A power in politics. and
that critical moment when he stood
before the bowling throngs at Chi
cago. smiling. and cast the die for
Mr.. Roosevelt against Mr.. Smith.
His purely political career CHI
makes his service as treasury Secre-
tsrv and as director of railroads
during the war. and his early
achievement, a daring young man
from the south. as builder of the
first tubes under the Hudson river.
Mr.. Glass might have gone back
into the cabinet as treasury Secre-
tary in the Roosevelt administra-
ton. He tells in his biography III
the congressional directory how he
was offered the portfolio and de-