The Waterbury Democrat., 1935-12-20

The big issue, these advisers say, is whether the Administra- tion goes further left before elec- tions or continues its present breathing spell" for business. The supreme court decision will swing the balance.
 This is how the New Dealers reach this conclusion:
 A Court decision discarding
 the AAA in toto would have
 tremendous political and econ-
 Omic reverberations throughout
 the Farm Belt. So to keep the
 Farm Belt in line, the Adminis-
 tration would become militantly
 liberal.
 But should the Court not
 tamper with the basic principle
 of the law-the power of the
 federal government to regulate
 farm production-then the Ad-
 ministration would be content
 to let things ride at least until
 after elections.
 That the New Dealers devoutly desire the latter, there can be no doubt.
 It is clearly indicated by the fact that no important new legislation is on the Presidents program for the coming session of Congress. Also he is urging Capitol Hill leaders to con- centrate on making their legis- lative plans short and snappy.
 Only powerful provocation will bestir the Administration to re- newed militancy.
 Bond Limit
 Secretary Henry Morgentahu has quietly knocked the props from under one of the most popular walls made by the bank ers-their claim that the Treas- ury was forcing too many gov- ernment bonds on them.
 He has issued a Treasury regu- lation limiting the amount of bonds banks can subscribe for to one-half their combined capital and surplus.
 The purpose of the new rule --the first of its kind in Treas ury history--was not to set up an alibi against banker com- plaints. Its aim actually was to keep banks from gobbling up government issues.
 For, despite public grumbling, the banks have been avaricious in snapping up offerings of Treasury notes and bonds. So much so in fact that the small private buyer has had trouble in obtaining 8 share of the issues.
 It was with the interest of the private investor in mind, there- fore, that Morgenthau slapped down a limit on the banks. Leave It to the Ladies
 Mrs. Roosevelt,s party for Grid iron widows broke up at 1:30 e. m., later than the Gridiron club. Apparently it was more amusing. Among the last to leave was Mrs. Cordell Hull ... One shot which never leaked to the press was at the expense of the Inuch-married Senator McAdoo, whose second wife was the daughter of Wood- row Wilson. A group of rubber neck" cabinet ladies making . tour of the White House. sang: Senator McAdoo was married over there, long, long ago; long long ago." Each cabinet wife apparently has her own fem- mine brood of admirers. So also Miss Perkins, Senator Caraway Josephine Roche. As each en- tered the dining-roons, they went to separate tables, and their special admirers gathered round. Mrs. Roosevelt wore a plum colored < velvet evening gown with a spray of lily on her left shoulder. Mrs. William Ran- dolph Hearst, Jr, won admira- ton in Q white evening gown with flowing white sleeves The new system of having cole cred voting slips to ballot on the first, second and third best skits Of the evening. didn't work. ush- CTS got the ballots mixed up i. The 500 women present. had q spread out through three differ ent rooms-the Blue Room, Red Room and State Dining Room.