The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-03-08

&c belief as to the extent OF the feder-
al government should go in managing
your business and mine. 1t is held by
all observers to be q perfectly nor
NAL and natural line of cleavage.
This legislation would attempt to
control the sales of all shares of
stock and bonds whether on the floors
of the trading exchange or across the
counters of brokers. The operations
would be directed from Washington
through the Federal Trade commits
sion. It's scope and the fact that adj
ministration of this phase of business
like so many others, would be center
ed in Washington causes concern
among that school of thought which
clings to the idea of policy permit
ting individuals to conduct their own
business without having to bow and
scrape before a bureaucrat in Wash
ington.
The activities of some of the MIRA
leaders in debating business policies
and practices is well known, but those
opposed to them are none the less OPP
posed because they made less noise
in the last few months. They will join
in any movement that promises to
overturn the program of business die
tatorship that has been set up. The
same is true respecting the attitude
of business men and women of numer-
Gus other phases of the New Deal. It
is an opposition that thus far has not
been allowed to blow off steam.
Thus, in many questions of Wash
ington and from many business lead
ers who have to come to Washington
these days to iron out even small
details with the numerous administers
tors, commissions, big dictators and
small dictators, and other govern
mental agencies, hear the express
sion that the battle with the meat
packers may result in an alignment
of those forces who find the New
Deal to have dealt them hand with
a ten-spot as the high card. In re-
porting that circumstance, however,
it SENS to me one should call atten-
ton to the possibility that the Depart
ment Of Agriculture may have "the
goods" on the meat packers. IF that
be the case, it is obvious that oppon-
ents Of the new deal will have to look
elsewhere for peg on which to hang
their hats.
! Further, it is apparent here that if
the President succeeds in his plans
to get congress out of town before it
reaches the stage where it has idle
hands, the chances of frontal at
tack on his program seem materially
less.
| Supervise Security Sales
| When the legislation for control OF
the security exchanges passes, as, Of
course, it will pass since it is an adj
ministration proposal, the Federal
Trade commission will be placed IN
the position of virtual supervisor of
all transactions in the issue and sale
of securities, whether they be stocks
or bonds, notes or any other form OF
corporate Indebtedness. The circum-
stance has directed considerable at
| tention lately to the relationship be-
tween that federal agency and bust
ness interests, as well as the treat
! ment business may expect from the
commission as now made up. Accord
inply. I have done some digging
! around to find out what the feeling
is.
Through the period in which have
| watched Washington, the commission
distinctly has had its ups and downs
i / believe that, in most instances, bus
| mess has looked upon the commission
with more or less favor respectively
as it has pursued an economic policy
i Of reasonableness or radicalism. In
other words. as the commission has