The Waterbury Democrat., 1935-07-29

ment bonds. In other words, It
will hold the throttle of govern
ment bonds. In other words, 1t
will hold the throttle of gov
eminent credit, the crux of the
financial system of the country.
AS the bill emerged from the
house banking committee and
was approved by the house, the
membership of this key agency
was made UP of >the seven
members of the federal reserve
board, all government officials
appointed by the president with
senate approval.
But in the senate banking
committee a combination of old
guard democrats and republic
cans, led by Virginia's Carter
Glass, wiped out this clear-cut
governmental control.
The pro- banker bloc did not
dare 60 the whole hog and set
mp outright private banker
domination. But they did, SO
by indirectiOn.
In place Of the federal reserve
board making up the open mar
ket committee was substituted a
milk-and-water combination OF
the seven reserve board menu
bers plus five bankers chosen by
the privately owned reserve
banks.
On the surface this would app
pear a fairly acceptable COM
promise--seven government rep
resentatives against Ave bank
ers.
Actually, however, the lineup
would mean banker control.
Experience repeatedly has shown
that at least two of the reserve
board members always line up
with the bankers.
BIG JIM
Big bald, bland Jim Farley
may be about to retire as post
master general, but he is neg
lecting no tricks regarding the
vote registration Of New York.
A total of 1900 New York.
ers now have landed cushy
government jobs in Washing
ton, and the ever-watchful
Big Jim wants their votes to
count.
So, since they cannot count in
the voteless District of Columbia,
Jim is planning a special ex-
cursion. During the weekend
from August 16 to Is special
rates will be given to New
York's 1900 to take the train
home for registration. Once they
register they can vote by mail.
But after August it will be too
late.
Leave It to big bald, bland,
ever-watchful Jim Farley.
CAME THE DAWN
One thing can be said for
HELL Dick" Dickinson
he does not let principles in
terfere with his campaign for
the republican presidential NOM
nation.
The big, numbering Iowa
senator has been one of the
bitterest foes OF the AAA.
Throughout the existence of
New Deal, he has waged un-
ceasing warfare against 1t. In
the 1884 congress he took a
leading role in shelving group
of administration sponsored
amendments to extend the scope
of the AAA.
When the bill, in modified
form, aagin came before the
senate, Dickinson blasted it with
shot and shell.
Throughout, the twelve days
that it was before the chamber
he was in the forefront Of the
opposition, excoriating the AAA,
talking against the legislation
and giving enthusiastic support
to every proposal aimed at ham,
stringing it's operation.
But when the senate finally
got down to the concluding
rOllcall, Dickinson ducked the
showdown.
A few minutes before the
vote was taken he slipped quietly
out Of the senate.
Note: Explanation for Dickin-
sons squeamishness Is the fact
that the farm-belt is decidedly
pro-AAA. Witness: The recent
''grassroots' republican confer
ence did not dare pass resolu-
lions condemning the Democratic
crop-benefit program.
NEWSSTAND DEFICIT
Jim Farley and Emil Hurja
do not care how they run up
news bills as long as the demo-
cratic national committee pays
for them. Here are their news
stand bills at the Mayfower
hotel as recorded by the COM
mfttee:
January .............$ 44.IS
FEBRUARY ...s........ ov'vo
March 49,. 1f4.45
Note-The Mayfiower news
stand charges five cents for all
New York newspapers. The un-
paid deficit Of the democratic
national committee as of March
/ was $441.976.75.
MAIL BAG
II. r., Chicago, Ill. - Negro
CONGRESSMAN Arthur w. Mitchell
will not speak in the house on
the subject OF Ethiopia. He has
been urged to do so, both by
Negro societies and by colleagues
in congress, but declares he does
not want to embarrass the adj
ministration. Perhaps more inn
portant, he has an Italian ele-
ment in his district. =. p. @. s.,
Cleveland, O.-Roll call in the
house comes on the average OF
once a day. The 140th roll call.
made last week. fell on the