, 1935-06-27
WASHINGTON
H. III - fT,wwN~

nhokAANG
BY Ray Tucker
Sweet - Several OF President
RooSevelt's key advisers on power
~deprecate his inSistence on the death
sentence for holding companies.
They prefer strict regulation to
determination. 1t may explain the
JauntineSs Of the magnaJes and
the strength OF their stocks.
The more extreme senate measure
gives holding companies q Ieprieve
Until 1912. Then there viii be sew
eral years OF litigation during which
n hand OF the government may
be stayed. BY that time, however,
1914, II not l940-we may have a
less strenuous administration. III
the courts don't upset the measure
a congress S-ubServient 20 a nor
malcy chief executive may.
The power people are beating
the tom toms publicity over the
pending measure. But II you take
into consideration numerous stock
split-upS, their securities are selling
as high as they did when Warren
Harding was president. They aren't
losing any sleep.
Threat-Mr. Roosevelt Is passing
up no chance to outmaneuVer the
power interests.
He has quietly revived discus
sions with Canada for a st. Law
renee waterway pact. The original
treaty met senate defeat because OF
miowestern and eastern objections
TO its navigational features. Now
Mr.. RooSevelt's diplomats are en-
pbasizing the power question in
their puorparlers with Canadian
representatives. They've gotten very
far, and probably won't. but it's a
threat and a talking point IN ne
gotiations on Capitol Hill.
MI. Roosevelt will soon point TO
reduction in power rates resulting
In part from his program. The cut
70 the consumer from JAY /. .e34
TO the same date this year amour s
to about $50. 100000. Although one
third Of the gravy was iEled cut
In the vicinity OF TyA the benefits
we're fairly widespread. TIE report
vii precipitate some private squirm-
ings and explanations.
Truce - Administration labor
scouts don't look for any maicr
strikes until fall. There may be
sporadic outbreaks, but they expect
basic industries-Steel. automobile
and textile-to escape ~larFe-scale
disturbances through the summer
months.
AFL-er Frances J. German. for
instance. yearns 70 stage a strike
demonstration In the textile indus
try Friday. He would like to protest
against the industry's installation
Of lower wages and longer hours
since the codes flew out the win
dow. But the manufacturers would
welcome a strike now. They have
large inventories and would APP
preciate a summer war.
The Goddess NRA is watching
this situation closely. The new La
boz Relations Labor Board will
tackle this armed truce as its first
problem. Mr.. Roosevelt Is banking
heavily on fall recovery. He does
not want 1t jeopardized by indus
trial upSets.
Fate-It would not serve rs legal
evidence in the controversy between
tie government and the airpalne
company as to what caused the
crash In which Senator Bronson
Cutting was killed. But 1t Is the
talk Of the capital.
On the night before the late Sen
ator Cutting flew home he dined
with Evelyn Mclean. the owner OF
the fatal Hope diamond. She wore
II at the dinner. It's lustre at racta5
the artistic senator. He reached
toward II. Mrs. Mclean warned him
! of the superStition-allegedly borne
out by many deaths-that 70 handle
X was disastrous 10 everybody ex-
cept the owner.
Senator Cutting scoffed at her
warning. Two days later he was
dead.
Practical-Senator Norris has re-
framed his constitutional amend
nent for abolition Of the electoral
college and direct election Of presi-
dents.
He Matched this revolutionary plan
when presidents he did not like
were in the White House. He thought
1t would encourage and case the for
nation OF a third party. III was de-
signed to tighten the expense and
the task Of fomenting a potential
revolution.
Brt Senator Norris still dotes on
Franklin ID. Roosevelt another
Roosevelt" He believes that the
president has made some serious
mistakes. but he Is strong for the adj
m~inistration's social program. 50
he won't give aid and comfort to
thi- : p~artyites at this particular mo-
ment II he can help IL. Mr.. Norris
is a very practical politician.
Unlikely - 1t Is well 70 bear in
mind the impediments facing at
tempts to amend the constitution. No
proposed amendment can be submit
ted to the states unless AZ "a pasged