The Western news. [volume] (Libby, Mont.) 1933-current, 1934-12-13

along about 1887, If conditions still
seem suspicious from the White House
viewpoint.
Seek Borah's Scalp
II Is rather Interesting In this con-
| nectIon To note that Senator Borah
comes up for reelection in 1896, aud
that the present plain of the New Deal
| is To take his scalp In that fight
Idaho went overwhelmingly Demo
cratic last November. 1t not only elect
ed Democratic governor by ma
| jurity or around l7.U0U-very large for
such small state-but elected two
Democrats to the house. All the dope
prior to election, had been that one OF
| the former Republican members. de-
feated In the Hoover debaele Of 1882,
| would come back.
/ In addition. Idaho elected a tremen-
dous Democratic majority of each
house of Its legislature. So the New
Deal organization III the{ state is all
set to retire Borah To private life. So
TINT there Is little doubt In the minds OF
New Dealers who believe they can beat
I,ornh that ratification of the League
Of Matthias covenant would be much
simpler If postponed for couple Of
years.
A glance over the old roster OF SEN
ators who broke Woodrow Wilson's
heart and kept the United States out
of the league shows but few are left
Rrandegee of Connecticut. Knox and
Penrose of Pennsylvania Fernald OF
Maine, Shields of Tennessee. and
Thomas of Colorado. are dead. So Is
Henry Cabot Lodge. who. though not
an irreconeilable. Unanswered The light
that killed the treaty.
Fall Is very much out of public life.
France of Maryland just WAS defeated
in an attempt to come hack. Freling-
huysen of New Jersey tried In vain
to come back In 1890. Hardwick of
Georgia. and poindexter of Washing
ton. are interested In other things.
Sherman of Illinois moved TO Florida
Moses Of New Hampshire was beaten
in 1879. Reed of Missouri. the bitter
, est of ALL thought about coming back
last time. but voluntarily decided
against bothering.
The elder La Toilette Is dead, but
{ young Boh Is In his place and seldom
goes counter TO any of his fathers Idea.
Which Ipaves Borah, Johnson and
! Norris. of the old battalion Of Death.
Government Housing
j Public Works Administrator Harold
. l.. Iekes. secretary OF the Interior. and
although not one of the radicals who
/ hopes private industry will collapse
under the New Deal and thus produce
\ something akin to socialism, Is some
what premature from the real Rnose-
Welt viewpoint In his Ideas about gov
i | eminent housing.
4 For example, his comment thai
. would-he home builders should be sup
q piled with money ut per cent.
Y Although just few weeks before
o the President Ind said per cent.
I Again. his thought of the government
II Itself lending all the rooney needed fo
new home construction. Whereas. tn
Il President Is hoping vigorously that pri
r vate capital will supply not only fund
il for this purpose. but for refinancinl
n old mortgages.
< A little thought on this striking diff
se ference between Roosevelt ami lckes
" throws a considerable and very brgh
r. light on the whole idea underlying tn
m New Deal. Especially, II 1t Is taken In
n. to consideration with various thing
Of Roosevelt has said about capital.
~ The President has long believed tina
N one of the worst features Of the Ol
e. Deal was the big profits that resulte
Id IN piled up SURPRISES" Why? FL
cause biz profits meant huge return
ne on already big fortunes, which return
ne were reinyested This too large amour
nj of reinvestpd capltal-lncome whic
"a the neople receivingsit could not spen
nj but attempted to put out AT a profit-
40 was Mr.. Roosevelt believes, one OF II
~ fundamental causes Of the crash
IN 1879. and the depression. which, att
lie causing IT, continued 70 get worse.
" Cause of Depression
~ There has been mucn talk annuI II
stock market crash causing the depre
sion. Mr.. Roosevelt knows better thu
that. So do most or his ndvisers--b
elt not all. The President believes VIII
to caused the depression was the pourli
he OF excessive profits. over period
~ years. into new factories and plan
me- Of All SORTS Until finally there W
to produce far more-som
nm times ten times more-than the Peep
rm corld consume.
lot Especially ns too large a phrcenta
In Of the prices paid for all articles we
Ing into protit--that is into reinvestIne
no In the final analysis-instead OF IN
If channels where 1t would be spent
the |-goods Immediately consumed. Or.
Ing short. kept In circulation.
The 2 per cent statement OF lck
!. Is one of the extremes which makes
!. mimi clear capitalist enis m