Evening star., 1935-06-25

SsS+-
The confidential Hull memo says
the subsidy plan would encourage for
eign nations to retaliate and thus
would start a new international tariff
war. He thinks it violates the spirit of
our own anti-dumping statute for the
Government to permit unlimited pro-
duction here and then dump cotton
abroad for cents a pound less than
our domestic price. It would cost the
Treasury a third of customs revenues
(about $100, 900 900 a Year, to gee rid
of the processing tax that way. he
says. 1t reminds him Of the Coolidge
Hoover policy of lending money abroad
to finance an abnormal export market.
AS you can see, he is hot about 1t.
Committee BefuddIed.
The cabinet Textile Committee al
ready was in confusion before Mr..
Hull's blast arrived. 1t has discovered
that the Supreme Court clipped its
powers by the N r. A. decision, Just
as the decision affected nearly every
other New Deal agency. The decision
stopped it from doing anything about
wages. hours. production control. The
only ideas it could play with were
japanese imports. the processing tax
and the subsidy scheme, which is con-
tanned in the A. A. A. amendments
now being passed in Congress.
Now with Mr.. Hull on a rampage
against the subsidy and the A. A. A.
inclined to agree with him, the COM
mittee Is out in the middle of the
car tracks with no place to go.
Next President.
When Lewis Douglas president
Roosevelt's ex-director Of the budget
appeared at Amherst College recently
to deliver commencement address. he
was introduced as "the next President
of the United States" Many people
have been introduced that way who
never became President, but it Is a
further indication of probable surge
for Douglas, of which you were warned
two months ago.
One OF those supposed to be in
terested confdenttdllu in Douglas
is Frank Stedrrs, the Boston friend
OF Caluin Coolidge.
Douglas is in the same position Mr..
Hoover was once in. He can be a
Democrat or Republican, and he is
young enough to wait five years or
more.
On N. II. A. Flying Trapeze.
There are about $500 men on the
flying trapeze down at N. r. A. They
are the ones who will be thrown out
Of jobs.
A net has been put up for some Of
them by Prof. Tugwell. Robert Straus,
son of the Paris Ambassador, and
John Swope, son of the utilities mag
nate Eyes, there Is a son Of a utilities
magnate in this administrator, have
both landed in Tugwell's Resettlement
Administration. This Is undoubtedly
record leap for two such young con-
servatives. Still another small group
has negotiated a Jump to rural elec-
trification.
These are men with pull beyond the
ordinary. The regular patronage ma
chine here Is overtaxed as a result OF
N. R. A. dismantlement.
Tt Is against the law for any one to
tell you who are the millionaireS to be
affected by Mr.. RooSevelt's newly pro-
posed wealth taxes. But it is all right
to tell you where they are, or rather
where the leading ones were in 1882.
Persons ,Dith incomes of more
than a million dollars that year
mere divided as tollotDs: DelGDare,
Undoubtedly Du Pont); Mich
iodn, probably Henry FordJ:
Pennsylvania, 2 certainly Mellon
Dds one); North Carolina, 2 (sup-
posedly including q ReynoldsJ;
NeD York. 8 (sarely including J. D.
Rockefeller, 5r., and Morgan
partner or tWoJ: New Jersey, 4,
and Illinois, 2; total, 20.
In 1888 there were 46. Back in 1929
there were over 500.
1t would thus appear that, if Presi-
dent Roosevelt Is going to get any
sizable revenue from these sources he
will first have to put business back to
the 1929 level.
Coal Dispute.
Coal operators, opposing the Guffey-
Snyder bill, dispute the assertion re-
Gently made In this column that o
majority of operators, as represented
by tonnage, want the bill. They claim
IS per cent against it. The pro-Guffey
crowd claims IS per cent for 1t.
The mine workers claim rs per cent
for it. You may take your pick of
these contentious. but If you add up
the figures you will find one of the
things wrong with the coal business:
namely, that there are 20 to 80 per
cent too many operators.
Holding Firm Bill Safe.
The White House has not been
worrying as much about the House
insurrection against the holding COM
panies' bill as you may think. Every
thing is supposed to be fixed for Vice
President Garner to name men favor
able to the White White viewpoint as
Senate conferees. No matter what
kind Of bill Is passed by the House the
Senate conferees will hold out for the
White House bill. It will be long
and hard struggle, but there seems to
be no other possibility than that the
House will give La.
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