Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1934-05-03
cONGRESSMEN NEED VOTES
PRESIDENT IN CONTROL
JApAN'S NEW POLICY
DEFICIT FALLS SHORT
MUNITIONS INQUIRY
THE RAILROAD DISPUTE
PRESIDENT ON SILVER

With 0ne-third of the Senate and
the entire membership OF the house
facing battles for reelection In Novem-
Der. one need not be surprised III, In
their zeal to do something to get
play OF themselves. Into this situa-
ton the President is attempting to
inject a sfeadying influence.
He would prevent, if possible, any
thing like the Mcleod bill, which
would repay M hundred per cent
to every depositor who lost money
in closed banks; the Frazier-Lemke
bill, which would have the govern
ment underWrite every farm mort
gage and take over credits, giving
the farmers the cash; and, remone
tization OF silver. although he is not
unwilling to declare a fixed monetary
base ratio of silver to gold with the
other nations.
There is no doubt that there is q
real conflict going on between the
Chief Executive and certain members
of Congress who would pass asst
hat he thinks would handicap his
economic policy but which they think
would be 'life savers" at the poll. The
President naturally desires a work
Ing majority in the next congress and
he must therefore preserve frindliness
with those who support his policies.
4~+
On the other hand, the popularity OF
the President throughout the country
Is phenomenal. and few congressman
opposition to him. For this 8
even some Republicans prefer not to
draw the line too tightly. Moreover.
all congressman realize that there is
a common benefit to be obtained
through proper cooperation between
the Congress and the President. While
the President is generally credited
with power to prevent enactment OF
proposals leading directly to compul
sorry initiation, most observers expect
him to do this as gently and painless
.iy as possible In view OF all the cir
cumstances involved.
4 y
Considerable interest has attached
to the recent enunciation of Japan-
ese foreign policy. setting forth the
position that the responsibility for
peace in the Far East is Japan's, with
plain lntimation that the Island E1n-
pire expects to follow her wv plans
for the ~"pacification" OF China and.
therefore, protests against any loans.
assistance, training or sales OF ma
terials which might be factors In dis
turb1ng the peace. The pronouncement
specifically concerns the United
States, Great Britain and other ma
which have enormous interests
In China and. under the Nine-power
treaty. are entitled to equal rights in
china.
Expenditures for emergency pur-
poses are falling far short OF predic-
tons and it is estimated that the de-
Icif at the end OF the fiscal year will
not be much In excess OF four billion
dollars. In January, the President In
that 1t might exceed seven
billion dollars. With these figures. 1t
should be understood that the PWA
outlay Is not as heavy as anticipated
and that more than one billion dol
a r on its projects will be carried
over into the fiscal year 1885 which
begins on July /.
Within several weeks, public hear.
ings will begin In an investigation OF
The arms and munitions industry END
all other agencies engaged In the man
ufacture, sale, import or export OF
implements OF a Senator Nye.
OF North Dakota will be chairman OF
the committee OF investigation and
promises a thorough job" The Sen
ate resolution gives the investigators
practically unlimited authority, in
Guiding the inquiry into the desir-
OF creating a government