, 1935-05-23
WASHINGTON
By Raw Tucker

JAx1ing The Federal Reserve
Bulletin may furnish as popular
reading as the Police Gazette If Fed
eral Reserve Board Governor Eccles
carries out his plan. MI. Eccles
means to make II an interpretative,
analytical and colorful journal In
Stead Of a cold, factual balance sheet.
Whereas the bulletin now pre-
sents price and production changes
without comment, Mr.. Eccles intends
TO supply explanations. He may. for
instance, attribute increased prices
on foodstuffs to the drought. to hog
and-cattle curtailment. TO any num-
Der OF things. He may charge that
Increased costs OF manufactured pro-
ducts are due TO financial burdens
imposed by NRA.
II Is q far-reaching reform even
though II may seem TO be only a
change In style and attitude. And
Mr.. EccleS, young and new TO the
Capita, may be letting himself and
the administration IN for all kinds
OF trouble. The line between analy-
sis and propaganda Ia thin and OPP
ponents Of proposed grants OF new
power to the Reserve Board will not
miss this chance to say Il told you
So"
Slipping - Secretary Perkins is
slowly losing caste with the women
according 10 reports reaching Wash
ington from lady democrats. Since
labor leaders and politicians have
never warmed to the first woman
cabinet member the growth OF dis
satisfaction among her ovn sex wor-
ries her friends.
Chief criticisms have been that
she Is too chilly. too abrupt. too SUI
perior. The politicians say they can
not get on with her. The labor men
contend that she has a social well
fare" rather than an industrial
mind. The women cannot seem to
define the reasons for their disap-
pointment but they apparently feel
that their cabinet champion is not
making good in the way they ex-
pected. They fear her lack of po-
litical color may initiate against put
ting women in az high a place IA
hers in the future.
These vague rumors don't bother
her. She w runs from trouble.
No rough male could have made a
more determined campaign for get
ting the new Labor Disputes Board
under his wing than she has.
Complete - The liberal and con-
servative cliques surrounding the
president are constantly at war. One
week the liberals - Wallace. Ickes.
Tugwell. Perkins and Morgenthau-
are smiling. and the next week II Is
the take-it-easy boys - Roper. Far
ley. Cummings, Swanson who bob
up with a grin. Last week the lib
erals were happy.
The presidents under-cover insist
ence on passage Of certain must"
bills furnishes cause for their re-
jo1cing. Besides demanding enact
ment Of reform measures like the
banking. holding company and o
cial security measures, he has prom
Used his aid for bills to reorganize
railroads. strengthen labor and re-
vitalize the AAA. II the liberals re-
port the presidential mind correct
ly. he has responded to suggestions
that he string along with them.
Only belatedly are some conServa-
tives coming to realize that this con-
Rressional session may prove more
historic - and more revolutionary
than any in years. It's prospective
output Of major legislation alters
Dur social and economic course more
than the reform measures Of the
1888 session. II Capitol Hill gives the
president what he wants before 10
adJourns in July the New Deal struc-
ture viii be finished from cellar to
roof
Smash - Tragedy treads on the
differing holes OF the New Deal
Within q few blocks OF the White
House a great family and fortune
amaSSed under the old order Of
things are breaking up. And the
story can be told many times over
elsewhere - though there may be
no moral or economic lesson In II.
The founder Of the fortune was q
miner a fighting. rugged indiv-
idualiSt. His son once entertained
president. cabinet members, royalty.
diplomats and financiers at the
Washington residence. and the great
ones struggled for invitations. HIS
breakfasts we're more famous than
Calvin C~oolidge'S. He was a politici-
an. a publisher. a power.
Now he lies in a hospital. The
government will soo rent his beauti-
ful but bedraeeled mansion for Of
fee space. splitting the grand ball
room into cubbyholes. A short but
strategic railroad which his father
built as a threat TO two vast lines
seeking a gateway to the capitol must
be sold for a song. And his wife
seeks q loan from the RFC for de-
velopment Of the source of the fam
lily fortune - q gold mine in the
West.
Godsend - The report that Donald
Richberg was yearnin' to return to
law practice was thrown out to soften
senatorial Ire and grease the ways
for NRA. Richbelg S stay depends
upon passage of the big recovery act.
II u flops he will retire. but If II
passes you may expect him to give
reluctant consent 10 sacrifice him
self on the altar Of the public good.
Richberg and NRA r tied to-
gether.
The Ways AVID Means committee
doesn't like Richberg's ingenious
scheme 70 enlarge interstate COM
merce power by applying the new
MIRA TO all state businesses that
affect" interstate commerce. Yet
II that PROPOSAL IA turned down the