The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1935-03-29

AT, message, claiming the
President had de-
nounced propaganda against the pro-
posed legislation, and was himself
propagandizing for it. Utility compa-
MES also swung into the battle and
thousands of investors in utility stocks
are reported to have sent in protests to
congress- In the senate, Norris, Ne
braska Republican, offered a resolu-
ton calling upon the federal trade
commission to investigate propaganda
regarding the legislation. The senate
approved without debate. Charges
were made by utility companies that
because of the administrations cam
paign against public utilities "the val
ues of utility securities has declined by
three and one-half billion dollars since
1885," Enactment of legislation to
halt holding companies, will cause
enormous loss to the American family,
one power official testified before the
house interstate commerce committee.
THE senate smacked down Senator
L Huey Long for his filibustering
tactics and his efforts to amend the
administrators $4,SSS0,OOO,O work
relief measure. The Kingfish had de-
manded alterations in the work relief
bill which would take $1O0,0O0O0O
away from the $600,0O00OO earmarked
for CCC work and allot it to students
in colleges and universities. Longs
amendment was defeated by a vote Of
So to q. To prove that old adage
of politics makes strange bedfel-
lows" Long was aided by Senator
Hiram Johnson Of California, who de-
clared that the senate should have
something to say about methods for
spending the huge sum sought by the
President. Johnson has heretofore
been considered supporter of the
President Longs amendment brought
forth other proposed changes which
should keep the senators busy arguing
for several days. The bonus bill may
be dragged in and an attempt made to
make it rider to the relief measure,
and infatiOnists and leaders of other
lists" will insist on having their say.
4 IL outstanding first Liberty loan
4 bonds have been called for re-
demption by Secretary of the Treasury
,MOrgenthau. The $2,0O0,OO0,O00 out
standing has been called for June 15,
before which time the treasury will
likely offer lower interest-bearing
securities in exchange for the first
Liberties, saving the government some
$14.000,000 in annual interest charges.
NEW DEAL policies took two more
gatherings as Federal courts held
both the AAA and NRA unconstitution-
al as regards intrastate business. The
administration might find some conso-
lation in another ruling which held the
radical Frazier-Lemke farm mortgage
bill was valid. Federal Judge Merrill
E. Otis, at Kansas City, declared the
Frazier-Lemke law was constitutional,
although unwise in many of its pro-
visions and almost incomprehensible
matter" Judge Otis said his ruling
was not the first in which the act was
upheld, and that an appeal was already
before the United States Supreme court
and decision might be expected short
ly. The AAA was declared invalid as
regards intrastate business by Federal
Judge Ira Lloyd Let's at Providence,
II. l., who issued an injunction re-
straining Secretary of Agriculture Wal
lace from enforcing the act against
three Rhode Island retail milk dealers,
on the grounds that their business was
conducted entirely within the state, and
the national government had no right
to interfere. At Newark, N. j., Fed
eral Judge Guy L. Fake ruled the ma.
tional recovery act unconstitutional as
applied to intrastate commerce "be.
cause it attempts an unlawful delega-
ton of legislative authority" The lat.
ter decision agrees with that handed
down by Federal Judge Nields In the
controversial Wierton steel dispute.
DRESIDENT ROOSEVELT clashed
l with veterans over immediate pay
ment Of the two billion dollar bonus,
and through Chairman Harrison of
the senate finance committee, an
nounces he will veto the Patman or
vinson bills If passed. The President,
1t is said, will not compromise, but is
prepared for "no-surrender" fight.
The house rules committee has ap-
proved the Vinson, Patman and Tyd-
ings- COchrane bills. and the big bat
tie is ready to begin.