Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1934-05-10
SPEED pWA PROJECTS
STfMSON SURPRISES G. O. p.
DEFICIT BELOW ESTIMATES
SILVER BLOC DISPLEASED
TARIFF PARTISAN ISSUE

IAhlFF PARTISAN ISSUE
GREEN WANTS 3o-HoUR WEEK
Expenditures under PWA projects
are a~ccelerating so that it is expected
that ore than $1,000. 0OO, 900 will be
used IN 1884. Something more thar
$500, 900 projects have been approved
10 date and WORK has started on prof
ects involving expenditures OF $ 1.2OO.
600. The peak is expected to come ear
" III the SUMMED and Secretary Ickes
says that cash is pouring into every
state.
WIKI only two months remaining OF
the present fiscal year, 1t is interest
ing to point out that the governmental
deficit, exclusive of statutory dent re-
tirement, was only s 5000, OOO. 900 as
May began. This indicates that when
the books close on June 80, the deficit
will be much less than the 81, 800, 0OO,-
900 estimate made by President Roose-
welt IN his message to Congress In
January.
The surprising factor has been the
failure OF expenditures for relief, pub
lie works. RFC loans and other recOv-
cry purposes to reach the totals that
had been expected. These emergency.
OUTLAWS, since January /, have amount
ed to only onehalf OF the estimated
$4,000, 900 4 day. This Is due chiefly
to the fact that banks. railways,
building and loan associations. insur-
ance companies have needed less help
from the RFE than was expected. and
that repayment of loans already made
are coming in at the rate Of SO. 00O. 900
a day, 1
The silver bloc, apparently con
vinced that mandatory remonetiza-
ton OF silver cannot be passed at
this session. is said to be planning
to carry the issue into the election
this fall. The leaders hope that the
next Congress will be predominantly
in favor Of using silver for currency.
|
They have been somewhat disap-
pointed by the attitude of President
Roosevelt, who stands firmly behind
the London Conference Agreement
and believes that international CO
operation will be necessary to make
silver a monetary commodity. it Is
understood that the President is VIII
ing to back thirty per cent OF the
nations money ny silver. AL present,
the figure is about IL per cent. with
gold being behind e~ighty-eight q
cent. Mr.. Roosevelt feels that none
taTy conditions r unsettled. but
should be clarified within a year,
and that this country should with
hold positive action In order TO take
advantage of all experience.
That the tariff powers sought by
the President will stir up partisan
feeling in this country is apparent.
A solid Democratic front in the Sen
ate was expected to face something
like determined opposition from the
Republican minority, although pri
vately Senators admitted that the
measure would pass. That sentiment
is somewhat divided lis seen in the
fact that leading Republicans, incIud-
ing H. L.. Stims0n, support the pro-
pOsal.
Among others, Robert Lincoln
0aBrien. former Boston newspaper
man and the Republican chairman OF
the Tariff Commission, urges that
the President should have tn g
authority to make changes In tariffs
to meet world conditions. Mr.. O'Brien
appointed to the Tariff Commission
by President Hoover in 1881, insists
that his body, ii not actually sub
servient to. is strikingly Influenced
by the ideas OF any president and
that, under the rev law, the Presi
dent would have no more power
than he possesses today.
In extending the Rail Control Act
to June is, 1885, the maximum per
lod permissible, the President ex-
pressed qualification at the settle
ment of the railway wage e~ontrover-
sy and the general labor of Joseph
B. Eastman, transportation co-ordl
nator. While Mr.. Eastmen has long
held government ownership and oper-
alton will be the only satisfactory
solution OF the railway problem and
the President has recently suggested
that the railroads must reduce their
fixed obligations or face being taken
over by the Government, the extern
sion is generally regarded as giving
the roads the chance to avoid govern
ment operation It Is possible that
increased economy and efficiency
might enable them to operate salts
factorily under private management
The recent japanese assertion In
regards to superior rights in Chl /
ma has been followed by some