, 1935-03-28
WASHINGTON
BY IRA BENNETT

by ina bENNElA
short - Sidney Hillman of the
National Industrial Recovery Board
took q page out of Rex TugTeAs
famous book Of recantations when
faced with a drumfire by Senator
King on the subject Of Hillman's
alleged radicaliSm-
King sprang a leaflet Of the Anal
gamated Clothing Workers Union,
OF which Hillman is president. urg-
ing workers TO develop class con-
ciousness" and aim at control OF
the industry. Hillman disavowed
the leaflet and denied that he vas
a radical. He made an emotional
appeal for betterment OF labor con-
ditions which brought applause. But
his argument in favor Of placing
service industries under NRA runs
afoul OF numerous court decisions
which bar federal interference with
state business.
Members OF the senate committee
dealing with the new NRA seem to
be convinced that service industries
should not be placed under codes.
"Hillman Is strong on wage boosts
through legislation but short on
constitutional law observed a
member Of the committee.
Brewing Still another "reor-
~ganization and coordination injec-
ton Is given to NRA 70 keep the
moribund institution alive until
congress gives it another lease of
life or kills II off. Donald Richberg.
handy coordinator. is made head OF
the National Industrial Recovery
Board and a labor representative Is
added TO the board.
The administration and ALL are
backing away from a death feud.
Each Is afraid Of the other and
each has lost faith In the other
but they are trying to work togeth-
er for selfish reasons. President
Green puts out a hint that FDR
Will get behind the Wagner bill.
and FDR doesn't deny II 49, but ne
has made no commitment for all
that.
The fur will ny when the Wagner
bill reaches the floor. If IL ever gets
that far. 1t conflicts with Section
Ia by outlawing company unions.
yet Bill Green wants both. The
industries r active In trying to
block the Wagner bill - and they
have Section IA as a club.
Sound ~ Life insurance com
panies are cooking their ears at the
news that they can reap So on
goyernment-insured real estate
mortgages long-term paper that
just suits them. The New York
Life Insurance company has decid-
ed 10 take 1000 900 worth. Ad-
ministrator Moffett OF the Federal
Housing Administration has an in
creasing list Of insurance men ask
Ing for information.
Financing OF new construction
under the MISUNDERSTANDING svs-
TEN is now on an important scale
and rapidly growing. Building con-
tractors smell business The first
activity began near Washington but
Is spreading through the country
For the first time IN history home
mortgages Xrayed and approved by
the FILA = Rilt-edced investments.
guaranteed By Uncle Sam.
Trouble Carter Glass exploded
when he read Mariner Eccles sage
observations before the house COM
mittee dealing with the banking bill.
Eccles opined that IL was not 80
easy 10 bring about initiation - that
II took a LOT Of skill and hard work.
The banking bill gradually comes
forward. ike a mudScoW out Of the
fog. 70 bump into the program for
this session. Carter Glass has been
accommodating munitions against the
bill and against EcCles' confirmation
as Governor Of the Federal Reserve
Board. The initiation wing on thf
democratic side intends to make
trouble. Big and medium-sized
bankers are fighting the bill. Eccles
admits TO the committee that the
Reserve Board under the bill would
BE practically a central bank
factS - A lou OF talk was stirred
up by the private luncheon party OF
FDR and Senator Borah The word
goes around that FDR placed infor-
nation before Borah that was cal
culated 10 make him 20 slowly In
trying 10 put teeth back III the anti
trust laws - In other words. 10 de-
nature NRA bv outlaWing the con-
genial little price-fixing code agree
ments Of steel. cement. ct al. Not
that FDR favorS monopoly. but Ne
sticks 70 the idea Of cooperation for
recovery's sake.
The picture Of national difficult
ties was black. they say. But
Borah knows all that. and he 4 a
hard mar 10 budR. He has under
taken the herman Job Of fighting
the trusts. He charges them with
profiteering IN misery during the
depression. One way ont. he saws.
Is 70 prevent government relief
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