The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-06-21

in its scope Of Jurisdiction that it
touches that little country school and
the lives of all of us. Judge from the
expressions I have picked up that
passage of the exchange control law
has brought us to a turning point in
the matter of what we do with the ex-
ira few dollars that we can save and
invest with the expectation of getting
q return of interest.
The consensus seems to be t h a t
whether anything is accomplished
under the combination control of Sc
curity issues and stock exchange will
depend entirely on administration of
the laws. That is to say, if good is to
come, there must be reasonable inter-
probation of the provision of those
laws, according to the general view
of those directly affected. The stock
exchange control law underwent a
major operation in congress from the
manner in which the professors of the
brain trust had drawn it originally.
Until those Objectionable features
were eliminated there was a battle
royal in house and senate. Since the
features omitted We're deemed too rad
ical by congress it is to be assumed
there was merit in the claims of the
brokers and investors in stocks that
the bill would have damned up money
that otherwise could have been put to
work and used by commerce and in
dustry which necessarily has to oper-
ate to a great extent on borrowed
funds, credit.
But / hear many expressions around
here that there is still serious prob
lem ahead in the matter of keeping
the channels open for investment
funds. 1t is asserted by many that "the
PROFESSIONAL type of mind" should not
be chosen to serve as members of the
five-man commission that is set up
to rule this phase of commerce.
Still Pie Hungry
Numerous Democrats continued
right up to the dying gasp of the Sew
enty-third congress to seek political
pie for their constituents. They are
still pie hungry now, insofar as one
attempted raid on government Jobs is
concerned. A broad jump was attempt
ed in the house to place several hun
dred extra workers in the general ac-
counting office for the purpose of
auditing the expenditures of several
dozen Roosevelt agencies that are de-
nominated by their critics as the
alphabetical soup" Up to this time.
j. r. McCarl, the comptroller general
Of the United States, has had little
chance to find out what the alphabet
ical agencies have been doing with the
vast sums appropriated them by the
President from the various huge APP
preparations. He has to, and does, pass
on the expenditures of the regularly
established government agencies, but
none of the new ones were put un-
der his watchful eye.
Mr.. Roosevelt ordered the audit. To
do the job, however, required addi-
tional help for Mr.. McCarl and about
P1SVVV,OOV was nkCluOCu q oS1lC-
iency appropriation bill. The pie
hunters saw fine chance, and they
never overlooked any chance. So they
slipped q. line into the appropriation
bill that said the extra workers were
to be chosen without regard for the
civil service. What huge piece Of pie,
in fact, many pieces Of piei
But something happened to the
well-laid plan. Somewhere the lang
uage got changed to read that the
comptroller general "may appoint"
the extra workers without regard for
the civil service instead Of the COM
mand that he "shall appoint And,
in this case, the change is of vast i'm
portanace to maintenance Of the civil
service as government method Of
employment.