, 1935-03-01
The World
AT a Glance
BY LESLIE EICHEL
central Press Staff Writer

Central Press Staff WRITER
NEW YORK, March l. - Strange
as Ii may seem the pronomcement
OF Former President Hoover that
the dollar should be placed back or
a gold basis-at the devalued sum
pleased many persons who had
bitterly opposed Hoover in office.
The former president himself Il
said 70 have a growing belief that
the people will begin 70 appreciate
his money policy Cor was 1t Ogden
Mills policyD when 1t is too
From a purely property point OF
view, Hoover'S views are looked upon
as sounder on money than PreSi-
dent Roosevelt's - although both
men are determined 20 save proper
" rights. The property people.
however, believe that the Roosevelt
policy viii lead TO initiation and
~confiscation.
Certain IL Is. congress win have
nothing Of the Hoover views-and
congress probably represents q
croSs-section OF the mass Of voters.
Congress Is for going far beyond
any Rooseveltian money measures.
II must not be forgotten. critics
say. that a tariff Hoover signed has
been counted as one OF the chief
strangers OF business, Fastening
and adding 10 the world depres-
sion.
Mellon
Andrew Mellon Is not relishing
that tax hearing In Pittsburgh. In
he Is pressing his appeal
against the governments endeavor
to collect more than 100000 In
income taxes.
Nor has former President Hoover
been relishing IL. we imagine.
MELONS confidential secretary ad-
that Mellon. while secretary
u the treasury, sold stocks short"
That Is while President Hoover was
denouncing short" trades as caus-
ing a collapse OF prices.
Then, too. while Mellon was sec
OF the treasury he maintain
ed his private tax adviser. ID. ID.
Sheppard, In the q. S. treasury
building In Washington. near his
own Office. Sheppard had been
hired BY Mellon from the treasury
department
The ~oyarr~a~t .++o,--svg ,Teo
accused Mellon OF wash" sales and
of kiting personal checks to escape
federal income taxes.
Fascist Talk
BY checking up on lectures I'm a
rious cities. one can see there are
more public talks nov on fascism
and it, probability in The United
States, than any other subject.
The lecturers, including liberal
clergymen. are warning against the
Rev. Charles H. C~ouRhhn. radio
Senator Huey Long. DR. (. r.
Townsend, Donald r. Richberg and
President Roosevelt.
Liberals are beginning 70 sense a
great danger" in the radio priest;
he Is likened 70 a pied piper. leading
! people BY aroused emotional &C.
stasy-leading them 70 a state In
one man rules. and In which
democratic institutions are ridicul-
I'd as slow and inadequate and
misrepresentation"
"Kigfish" Huev Is represented as
/ ruffian who will give 10 the people
Il II benefits him, who will talk
Of peoples rights and then
suppress them II they run counter
70 his personal plans.
Mild DR.. Townsend. with his
s20O-a-month, 24-billion-dollar-a-
year pension plan, is likened to
Pandora OF the fables, who lifted
he lid Of a hope chest TO SEE what
vas inside-and set all the devils
1f creation loose. The catastrophe
Of an imitation bubble burst may
we'll shackle American people TO
low standards and to virtual eco
nomic slavery for years TO come. we
are told.
Donald Richberg Is passing as a
'danger-in the eyes OF commen-
.ators-but for a while they assum-
I'd he would rise 70 be q dictator OF
labor and agriculture and what
not. Labor Sensed the danger"
and sho. I'd loud enough to stop
he spread Of damage"
AS for President Roosevelt-the
lecturers r not certain that the
president himself realizes what i'm
nense xtra-legislative powers he
has gathered unto himself. And a
nan not only with tremendous pow
ers, but 9Th billions to spend, and
OF jobs to allot with the
authority 10 remove at will without
,ause. has to b every. very much OF
4 democrat at heart to remain a
democrat IN action.
Interest
The attack on interest is reach
ne a formidable stage.
The mflationistS prefer the issu-
ince OF money to bonds. CCritics
all that printing press money!
bears no interest.
And IN the money markets, them
money is so plentiful, due 70
ack Of trade TO employ IL. that ID
commands little interest.
Money has been in that state pre-
and IL always has come
lack, res 9 the "Setbacks" OF infla-
ion. depreciation and falling inter-
st rates.
But this time the inflationary
movement is joined with a prctram
" social expenditures on q huge
Icale-and that may turn the bal
lnce toward q socialized nation.
Then private investments and in
crest, which Is a Siamese twin to
investments, may find them
Alpna crowded ont