The Waterbury Democrat., 1935-08-27

Washington, Aug. 27-(UP) - Congress ended in a temptest, but it left behind many fundamental new laws that for generations will affect the welfare of Americans.
 Tn the social security act, 1t es- tablished foundations of a vast federal old-age annuity system which will, compel an estimated 25, 900, 900 workers to conserve part of their wages to save themselves from the threat of breadlines and poorhouses in old age.
 To the country as a whole the banking act oe 1936 which streng- thens federal control over money and credit may prove equally im- poftant in the long run although It's affects on the individual may not be 50 direct.
 Remnants of MIRA
 Picking up some of the rem- nants of the shattered MIRA, con- gress through the Wagner labor relations act sought to restore the old Blue Eagle-guarantees of labor's right to organize and bar gain collectively.
 With the Guffey coal act con- gress launched into a new exper- inent in industrial regulation = an experiment certain to be tested soon In the courts. The supreme courts ultimate decision on the venture into federal regulation of coal production and prices may be expected to provide . new and more detailed guide to the extent to which the government under present constitutional limitations may regulate industry, labor and commerce.
 The supreme courts battery of MIRA and other New Deal legisla- tion forced congress to devote much time to repairing and bolster. ing the agricultural control pro. gram, the IVA, the farm martgage moratorium law, the railroad pen. sion act and others.
 Did Not Exceed Budget
 Without exceeding President Roosevelt's budget, this congress passed out federal funds with the. most lavish hand of any in history, save the world war congress of 1917. Its spending ranged in the neighborhood of $10,000,000.00
 That is about one-fifth the en. tire estimated national income last year. In pre-war days that sum would have run the national gov- ernment about 15 years.
 | It took presidential veto to prevent congress from paying out $2,200,000,000 more for the sole diers' bonus. There are indications now that the administration will consent to q compromise bonus are rangement early next session.
 The $4,SS0, 100000 work-relief act was the largest single aprop- riation ever made by Q legislative body in the worlds history.
 That entire fund is being bor- rowed by the treasury, adding to the burden of national debt that must be met some day. New Deal. CTS insisted expenditure of that amount. was imperative to meet the burden of unemployment and to make another effort to speed up in- dustrial recovery.
 Net Revenue Raisers
 The new taxes imposed at Presi- dent Rooseveit's behest are of com. paratively little importance as rev. enue raisers, being estimated to bring only about $250,000,000 a year into the treasury. They fall entirely on wealthy, or at least well-to.do individuals and profit making corporations.
 New Dealers perhaps were most proud of tn esocial security act. It laid down the basis for systems of old.age and unemployment bene- fits which citizens of many other nations have enjoyed for years. The vast importance of the social se- curity plan will be brought home to millions with increasing force during the next few years as its major provisions are put into ef- feet.
 If the president is successful in finding funds which were to have been provided in the deficiency bill that Huey Long filibustered to death, the social security program immediately will provide federal contributions of up to $15 a month for persons who receive old age pensions under state systems.
 Taxes of 1035
 Beginning in. 1897, the federal government will begin to collect taxes on the wages of an estimated 25,000.000 workers and on their employers payrolls. From those tax collections, beginning in 1942, the