The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1935-02-01


mered through congress and received
the legislative body's rubber stamp by
direction Of the President.
What is going to be done about it? I
don't know. Further don't believe
the administration
Wndt 20 knows what it is GO
Be Done? ing to do in event
the court rules
against the government In these cases.
There have been numerous confer
ences, frequent speculations by subor-
dinate officials and many guesses by
individuals. The President himself
said in a press conference the other
day that he would not discuss the gold
question while the matter was pending
before the Supreme court. 1t was a
simple way to avoid expressing his
hopes or his fears.
1t is to be noted, however, that dur
ing the ten days in which the court
heard arguments in the gold cases, a
considerable number of senators and
representatives sat glued in their seats
in the gloomy old Supreme court cham
Der under the dome of the Capitol.
They were obviously wondering. None
of them thus far has offered publicly
a suggestion as to what he will do in
event the monetary policies are over
turned. After all, If the Roosevelt pro-
gram is upset, congress simply will
have to enact some new laws and that
was the chief reason why so many of
the congressional leaders were seen in
attendance at court.
The court will rush its decision. OF
that there can be no doubt. Always, it
has put cases of paramount impor-
lance to the nation ahead Of those that
affect only small number of private
litigants. Everyone believes, therefore,
that in this instance the Supreme court
has laid aside most of It's other work
in order to devote it's attention to a
thorough-going examination of the
present problems.
Lawyers tell me that if the court re-
jects the Roosevelt policies as unten-
Z able under the Constitution. congress
will have to put through some new
laws on the subject at break-neck speed
in order to avoid a hiatus that would
flood the courts with an unprecedented
number of suits.
The agricultural adjustment admin
L. 60
the coming season at
To Restrict lO,5OO,OOO bales :
Cotton Output the same as last
year. At the same
time, we have begun to hear talk in
Washington of plan to seek a world
agreement restricting the output of cot
ton after the manner of the attempt to
restrict the world production of wheat,
move that went exactly nowhere.
Determination of the same produc-
ton for cotton in 1885 that was used
as the base in 1884 is accepted as in
line with the administrations plans for
raising prices artificially through cur
tailment of production. 1t had been
expected that the 1885 crop might be
as high as 100000 bales. But since
the administration has decided to
carry on further its experiment into
artificial price raising fields by produc-
ton limitation, some of the background
of that policy and the American rela-
tionship to world conditions warrant
examination.
The American production until few
years ago was about 60 per cent Of
the worlds cotton output. Now it is
down to about 43 per cent of the total
Last year, the world consumption of
cotton, according to the Department
of Commerce figures, declined by about
100000 bales whereas the world con-
sumption, excluding that used in the
+, United States, increased by something
over 100000 bales. 1t is to be noted
further that although American ex-
ports in general increased last year,
the quantity Of cotton shipped last
year fell off by approximately % per
cent.
For several years now, we have been
uCdllnS LutkC anu AuOAO VI CihoA 10 Wy
foreign nations to increase thier cot
ton production. Brazil has been max
ing a determined drive to develop cot
ton as a major product. Mexican cot
ton production has increased in sub
stantial way. Egyptian cotton produc-
ton is on the increase. The British
guidance has served to spur production
of cotton in India and at the moment
there is no sign of any Stacking of
the increase there. All of this is hap
pening while our own southern cotton
fields are being limited in their ca
pacity to produce that staple COM
modify.
The combination of circumstances
here and abroad has produced much
discussion. Arguments of the New
Dealers In behalf of production cur,
tailment are too we'll known to need
repetition In these columns. But the
opposition argument which, last year
was none too vigorous has taken ON new
strength. One of the points now be
ing stressed by those opposed to crop
curtailment is the assertion that this
experiment shows clearly one of the
greatest obstacles to planned economy
New Dealers have made much OF
planned economy on national scale
| Their critics now are declaring the
New Deal philosophy to be fallacious
because, it is argued, national plan
ming is not enough. If it is to succeed
at all, the critics say, planned economy
must be carried out on an international
scale. That is, to be truly effective all
nations must join in and must agree to
abide by whatever plan is drafted
With that belief In mind, opponents