, 1934-12-05
WASHINGTON

WASHINGTON
Leader-The grand strategy OF the
forthcoming session Of Congress will
be mapped out this week by Pres
ident Roosevelt and Vice President
! Garner-that IN. FDR will shape hts
procedure largely on Gamers adj
vice. It's surmised that Cactus
Jack isn't enthusiastic over some
White House policies. but he stands
BY as u valiant lieutenant when IL
comes To putting the presidential
program through Congress. Garner
has "A keen sense or timelineSs In
! handling legislation. and his influ-
ence In the House Is more potent
than eve
Frauds-An immense amount OF
~ work must be performed 70 run
I down possible frauds In income-taX
| settlements. Records run back ia
years. during which time a Treasury
official now under grand jury Scru-
tiny was handling tax adjustments.
All cases handled BY him will Be
gone over.
other suspects are said 10 have
operated BY obtaining tips aS 70 adj
justments and then offering tax
/ PAYERS tO settle the dispute In the
manner they knew Ii was To be set
/ tied anyhow. By doing nothing at
All merely waiting Tor the decision
they apparently influenced the IN
ternal Revenue Bureau To settle
their way In these instances only
taxpayers are sWindled. Other cases
are believed H. have been corrupt
IN settled hy officials In favor OF
taxpayers who participated IN the
frauds
FrOEen-Therc isn't anything
! tangible in the way III a debt set
Element with Soviet Russia says a
Whirligig informant vino knowledge
of the conditions Il precise. Am
abassdor TrCyan0vsky Is coming
back To present III modified form
the same aold proposal lend uS
/ the money and well buy some
goods. We can't find that the So
Wet government has changed It's
policy. III has refused since 1920 10
make any deal to settle debts. Eu-
rUpcan creditors OF Russia stand In
the way Of a settlement OF the debt
To this country. III exporters want
IN sell % Russia they can get some
credit on their own account and
risk. but no way has vet been found
to grant credit 70 the Soviet itself.
y K
Sp0t-Standard oil vi Indiana,
Cities Service. Aluminium GO. OF
America. and Great Atlantic AZ
Pacific Tea co. OF America are
among the concerns included III the
forthcoming report of the Federal
Trade Commission. giving details OF
salaries and bonuses paid To eXeCu
tives. All concerns not previously
reported which dO "A business OF ST.
100000 N year OF more will have
their salaries reported. whether
they II engaged In interstate COM
merce OF not.
The senate resolution ordering
the inquiry stated that the purpose
was to ascertain whether excessive
salaries and bonuses tended to d.
minish income taxes payable by the
corporations. and whether "by va
rIOus devices certain OK said direc-
tors and officers may have been
avoiding the payment M n just
amount of tax
LeaI-FederaI Judge Grubbs ruiz
Ing at Birmingham against the va
lidity Of tho Tennessee Valley act
III its primary purpose is to produce
and Sell power and develop social
experiments. brings the iva one
step nearer IA test in the U. i. su-
prcmc c1urt. Utility interests fight
ing iva are relying upon noiscreet
official statements of TWAS purpose
t0 have I'D declared invalid. These
have been gathered tor the past two
years and assembled into AT inn
prCasivc volume.
The ACC itself is based upon claims
that M is intended % improve navi
cation. provide flood control and
aid the national deiense-all lcgi-
innate constitutional powers III IVA
should be curbed by All official ruiz
Ing IN may bc because the Authori-
tv-or its perSOnnel-has read into
the lew more than was intended by
Congress. AS interpreted hy the
court
Amend-AnOthcr New Deal Law
all set tO run the gauntlet of the
supreme court is the Frazier-Lemke
farm moratorium act. Federal
Judges OI Maryland and Virginia
have held section 75. subsection 8.
unconstitutional III pt0vides for
the appraisal oI property after
debtor and creditor have failed ~
agree on An extension Oi time 10
pay debts and for retention OF the
property IN the debtor for five
years The courts held this 10 be
a violation XII the due process
clause.
without waiting for a Supreme
C-H.t U...