, 1934-12-19
The World
At a Glance
By LESLIE c III
Central Press Staff Writer

NEW YORK, Dec. 19.-Needless to
say. financial New York doesnot like
the "a recovery ideas" advanced BY
Senator Edward T. Costigan. Demo-
cratic Progressive. Of Colorado. The
ideas we're advanced as q program
for senate liberals.
Higher speed" In spending for
public works gives the budget bal
ance hopers the creeps. Perhaps
three billion dollars alone for grade
crossing elimination" Is looked upon
as money spent without possibility
OF return.
Social security legislation. includ-
ing federal assistance In promoting
cld-age pensions" Is o. KID. (It's
coming-may as well face It." Is the
Wall Street attitude)
"Enactments tending 70 curb the
growth Of monopolies." (Growls
from financial New York;
Legislation designed 10 assure
genuine collective bargaining" CTo
be fought TO the hilt.)
Further helpful consideration Of
the needs Of World War. veterans"
rNol We Realize what THAT
means.")
Submission to the states Of a con-
stitutional amendment eliminating
tax-exempt securities. 60. K-we
may need that. 10 sell private Sc
curlties, before this thing ends."D
Constructive efforts TO assure in
creased government control OF credit
and currency" C"Nol" shouts
Wall Street,
Legislation to curb excessive
service charges by private electric
power interests and STRENGTHENING
federal and municipality operated
power projects" CTo be fought to
the hilt.)
Restoration OF federal wage cuts
TO meet advancing living costs
(Strenuous obiection-"sets bad ex-
ample and upsets budget still
more."D
More scientific and effective Gift,
estate and income tax legislation. "
Ito be fought to the hilt.)
Legislative efforts TO subject our
munitions industry 10 federal regu-
lation and to inaugurate steps for
effective international supervision of
the industry" c"Meddlingl")
There are other proposals. but
these are the ones that interest
financial New York the'most.
Among the other proposals Is the
CoStigan- Wagner anti-lynching bill
which viii meet opposition from the
south.
Much attention is being paid to a
talk made by Benedict Crowell in
Cleveland, on the NRA. Crowell is
Ohio director Of the National Emer-
gency council Is well as compliance
executive for four states. He was as
sistant secretary OF war under New
ton ID. Baker-and Is looked upon
as one OF the leading experts on in
dustrial organization.
The NRA will be strengthened
rather than weakened. Crowell said.
Going ahead without planning
has proved a false theory the
economic balance cannot be restored
and maintained without attempt at
regulation !. Some profess to be-
lieve We should permit natural law
TO take Its course as the way out
OF depression.
But why has man always pro
Wded himself a home and chopped
WOO and mined coal II not to inter-
fere with natural law for his bene-
Ut and that Of his dependents? So
cia advance has all been by self
discipline.
Would 1t be wise to build another
era Of prosperity on the same old
foundations?"
AS for a concern that cant" af-
ford TO pay as much as the proscrlb-
ca minimum wage-it probably Is on
the way out, anyway"
The huge tobacco firms are in
sistent upon pushing through a court
test Of the processing tax.
They say that the price advance
already has achieved the original
purpose Of the impost.