The Waterbury Democrat., 1934-01-15

order to force public airing OF
the whole matter.
TREASURY HARD HIT
No other department Of the
New Deal has had such a hard
time getting shaken down to eff
cient working trim as the treas
ury. Now at last 1t Is gradually
getting there.
Under william H. Woodin, the
treasury as an integral unit, did
not exist. A dozen different parts
pulled against each other. A lot
of politics-Senator Glass sis
ter, Mrs Blair Bannister, ex-
Governor Nellie Talot Ross of
Wyoming, "Chip" Roberts of
Atlanta had been put into key
positions by Jim Farley and were
supposed to be handling the
most important fiscal affairs of
the nation.
The idea of an integral treas
ury department was as big a
myth as the one that Woodin is
a great composer. At first the
appointment of Young Henry
MoEgenthau did not help much.
Obviously iil-at-ease over the big
responsibility suddenly placed
upon him, he made a splurge to
cover his nervousness. He was
abrupt and dictatorial.. Few ex-
ecutives have made SO many
mistaken in SO short o time as
MorgentIlau when he first as.
sumed Office.
His press censorship and
Earl Bailie were two of them.
Bailie, as a student in the Har-
ward Law School, once caused
Dean Pound to remark: "Bailie,
why are you here?' Having
been born well, educated well,
and married well, Bailie was
taken into the Jewish firm of
Selisgman and company, as the
Gentle to give 1t front.
ECONOMICS BAILIE
AS the man behind that colas-
sal Wall street bubble, Tri-
Continental, Bailie used to sit at
board meetings and explain val
ues by saying: ITS the law of
economics, gentlemen, the law Of
economies"
And with this background,
MoIgenthau took Bailie into the
treasury as his chief aide and for
the purpose of floating big gov
eminent bond issues in Wall
street.
With Bailie on the way out,
MOrgcnthau now has begun to
find himself. Some of Farley
pOIiticos are ON the slkids. Nor
genthau Is gradually knitting
together a more compact, less
wieldy treasury department.
Young Henry sometimes shows
signs OF being deliberately mar
ticulate, but he has one great
asset in his favor. Roosevelt
trust him implicitly. The two.
work together beautifully, which
after all may be the best thing
for president who intends to
be his own secretary of the
treasury.
NAIL BAG
M. e. r., Hartford, Conn
Jay Franklin Is the pseudonym
for John Franklin Carter, a for
mer official of the state depart
ment, but now no loner with
the government. He resigned
after writing a magazine article
entitled, 1--WE Need War" b.
III. O., Madison, Wis. - Senator
Bob La Toilette is still the
youngest member of the senate.
He was born February 6, 1895.
In length of service, however, he
ranks up among the veterans
now completing his eighth year
in the chamber. IT. r.,
Meridian, Miss.-Representative
Ross Collins is known as Gen
eraP to his associates. The title
results from his service as attor-
ney general of Mississippi.
j. F., Tulsa, Okla.-Representa
tive Ernest w. Marland, one
time millionaire oil man, plans
to run for governor this year.
He has been actively campaign
ing for the job since he came to
Washington last spring.
Il. D., Dallas, Textile White
House has twenty-one cars for
the use of the president, his fam
lily and staff. The light trucks
and small cars are Fords, the
big official motors are Lincolns,
Pierce Arrows and Packards.
w. S., Scranton, Pa
Governor Pinchot is generally
credited with planning to run
against Senator David Reed for
the republican senatorial nomin-
alton this year. 1t is also report
ed that Pinchot is trying to get
the backing of the states DEM
ocratic organization for his
candidacy.
Copyright, 1894, by United
Feature Syndicate, Inc.)