Evening star., 1935-08-27

him and with a Congress that has
surrendered to his wishes. To me 1t
has been almost pathetic that so many
Representatives and so many Sen
ators would surrender their individ-
uality and cooperate in a coercive
program such as has been put
through.
The $4,000, 1000 900 was put through
for work-relief. To date nobody has
been put to work and relief rolls have
not been materially decreased.
Raps T. v. A. Powers.
Increasing the powers Of the Ten
nessee Valley Authority means the
confiscation Of private property, of
many independent and municipality
owned electric light plants. I know
of one instance where the Public
Works Administration Is loaning near
ly one-half million dollars and refus-
ing to consider the property Of the
independently owned plant located in
that city.
With reference to the A. A. A.
amendments, 1t must be admitted that
the cotton situation is most chaotic.
Just now We have the taxpayer sub
jected to the necessity of paying a
subsidy out of the general funds of
the Treasury to the cotton producer.
This is simply an indication Of what
will be proposed in behalf of the many
other producers of raw products. In
other words, if this proposal is to be
carried on, 1t means that in the end
we will be subsidizing not only the
farmer, but the farm owner, the miner,
the mine owner and many other lines
Of industry.
r. F. C. Octopus"
The authority of the Reconstruc-
ton Finance Corp, the Home Owners
Loan Corp. and the Farm Credit
Administration to extend loans has
been signed. This simply means that,
if the program is continued, the Re-
construction Finance Corp. will own
the banks Of the country and will
practically control many industries.
Several Of the new acts are of ques-
tionable constitutionality. The Wagner
labor disputes act heads the list. To
me there can be no excuse to head up
in Washington a clearing house for
all labor disputes.
1t is my purpose to give due credit
to this administration for the passage
of the central banking act. This Is
a constructive piece of legislation.
However, 1t was not constructive
in the way it was sent to Congress
for consideration
With reference to the social security
act, the old-age pensions provision
may be workable and will probably
receive the Endorsement of most of
the States. On the other hand, the
unemployment insurance provided is
subject to serious question. If this
legislation imposes upon industry an
additional charge that industry is not
able to assume, undoubtedly recovery
will be retarded and unemployment
increased.
Reform Prime Motive.
Throughout the session reform and
not recovery has been the real pur-
pose. Instead Of appraising the ex-
periments, every effort has been to
make them permanent, the Constitu-
ton of the United States to the con-
trary, Notwithstanding.
The President turned on tremendous
heat for a public utilities bill which
rides rough shod over thousands of
citizens who had invested their saw
ings In utilities securities. In the clos
ing hours of the session, he forced
through The so-called soak -the-rich"
tax bill which, according to the best
estimates of Its sponsors, may bring
in a quarter Of a billion dollars in
revenue, O sum less than orle-six-
teenth part of the sum which Con-
gress gave the P1ssident when 1t