The Waterbury Democrat., 1936-01-31

buIU UBb tklAt Aho kBkfueE Wuu yVhs lected the i2 cents and deposited his cotton iii Q government ware- hcuso as collateral, is now going to the warehouse to repay his loan and haul away his bales.
 Reason is that cotton is now selling below what he would have to repay the government.
 The Commodity Credit Corpora. ton, federal agency which loaned the money, may extend the loan for another few months. But this only postpones the day of reckon. ing when the administration will have to decide how to get rid Of the cotton millstone.
 Two Plans
 Two plans for dumping tho cot. ton have been discussed baokstage.
 A proposal by Senator aCottOn I'd" Smith of South Carolina to market the cotton at the rate of 1000 0hales Q week.
 2. A plan by Secretary Wal lace and Chester Davis, AAA ad- mlnistrator, to take over the cotton and sell 1t on the world market when the time iS ripe.
 BetWeen the packers of these two plans there is vigoroue dis- agreement. Senator Smiths plan IA omphaticaily opposed by the ARricuiturM lDepartFnent.
 10 sell sO,OOO bales weekly Wallace contends, would play directly Into Che hands ok Che Dig cotton brokers. Only four firms ln the entire United states are blg enough t0 handle that much cotton per week. Furthermore, it wOuld depFess tho market, since if Che mar. ket expected thls amount Of cotton Co come up for sale, and the demand were less, . price sag would bs inevitable.
 on the other hand, Wallace and Davis believe they could sell Dee tween one and two million bales before next season tAugusO If they pick tho right time for the aale instead Of being required to sell each week.
 Only ono thing is agreed upon ---that the cotton surplus held by tho government must be got rid of aB carefully, but as expeditions. iy ag possible. To hold 1t must eventually depress the market. Mrs. Roosevclt's
 pRcss Conference
 The most exclusive press con. ference in Washington is the one held in tho White House each Monday morning at il. ft is with MW, R0osoveit and no newsmen ara admittedf---oniy newBw0inen.
 "IIas your Christmas mall differed from last yeAF3"
 "Wlll you accept Che inviaa. tl0m C so to Texas?"
 "AFe you buying some new Ohalrs for the Red lloOm9"
 no you knew the King of Iingland7"
 These questions pop from . group of forty aewHwoiiaen sitting before tho Tirst Lady in the West IEail, second floor. It iD 6 striet- ly feminine party, with no males allowed except the White House dogs. Mrs. Roosevelt sits on . a0ka, with her secretary. Mrs. MalVinA Thompson Schneider, taks ing notes beside her. The news. women sit in . seml-circle 0fi chairs covered with slips Of hens fia-and.white linen. On the walls about them are pictures Of ships, . part of tho President's exten- sive collection.
 Buslness.Like
 Tho women gather for the cons ference on the first floor, after passing inspection by Head Usher Raymond D. Muir. Tho usher sends word to the First Lady that they are assembled. They mount the stairs and turn left to the end of tho West Hall.
 Mrs. Roosevelt talks informally, rapidly. She will answer almost any question, barring only mat- ters of state. Sometimes she asks that her comments Do Jeff the record"
 Mrs. Roosevelt and her news. women talk longer than Che President and his newsmen. Average conference length ia forty minutes, about twice the length Of the Presidents. When they gre talked cut, N1rs. Ilo0se- welt says, "Anything else9 Any ether questions7 .... All right, geoA.bye, ladies'
 No refreghmenh are served, no cigarettes smoked, there is no tarrying ct the end. The women hurry out to write their stories before . l2 o'clock deadIine. Townsend CIu6
 Townsend Club Number One" presents on nisiazlng appearance.