Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1936-02-06


credit machinery. In addition, he sue
geSted an emergency experiment
special crop production TO be subsi
died by the national government, an
named sugar and vegetable oils, whic
we now import, legumes and prod
ucts needed by industry.
The Administration is understood I
be ready TO speed the use of privat
funds for building construction an,
thus stimulate the already increase,
activity in the construction field. Som
legislation may be necessary to facil
ltate the establishment of a Nationa
Mortgage Association which would &C.
quire mortgages from lending agen,
cies and issue bonds against them
thus providing a wider market TO,
mortgage paper. President Roosevelt
recently emphasized the need for pro-
ducing private homes at a cost of less
than $1,000 per dwelling, and it is un-
derstood that a small house program
to be financed by private interests, is
desired. While the proposed mortgage
association would be something of a
new departure in this country, this
system has been used in France, Ger
many, Chile and Argentina.
With the proceeds of the jackson
Day dinners and the money received
from Philadelphia in connection with
the national convention, the Demo-
cratic National Committee will clear
off its debts ard have a surplus. The
other day it paid the last installment
on the S120,250 due John ]. Raskob.
who ran the Al Smith campaign and
left the party badly in debt.
The Treasury Department has in
stltuted a suit against Pierre du Point.
asking S617 .3l7 in 1929 income taxes.
n charge is hat he established SIC
titious losses through stock manipu-
latlon with John J. Raskob. Politicians
see significance in the fact that Ras-
kob and du Pont are financial main
stays of the American Liberty League,
and Raskob insists that the action rep
resents tyranny and cheap politics"
On the other hand, the story is that
before the suit was instituted, the facts
were submitted to government counsel
m a theoretical statement without dis
closing the names of those involved.
This was done, it was claimed, in or
der that the legal opinion would not
be affected by the political activity
prominence of the parties in
The Senate Committee, headed by
Nye, which has been conduct
ng a widespread inquiry into the part
by munitions makers, bankers
md other profting interests in putting
he United States in the World War,
Gems destined to end its career. The
urious controversy precipitated by
Nye, who charged that Wood
Wilson falsifed the record in say
ne that he had no knowledge of the
treaties Of the Allied nations.
las resulted in a determined attitude
n the part of many Senators to with
lold further appropriations to the
ommittee. S
Senator Glass, who was Secretary {
I the Treasury under Wilson, deliv- {
red a particularly bitter attack on I
hose who accused the war president. |
Boiled down, the essence of the Nye !
barge is that. Wilson, shortly after {
ur entry into the war, was advised S
t the treaties under which the Allied c
overs agreed to divide up the terri e
orial spoils of the war. President Will t
On, before a committee of Congress- a
len, stated that the first information S
e had of these treaties was when he S
'ent to Paris to arrange the terms of Y
eace. |;
While confidential files of the State o
department were mentioned by the
enator from North Dakota, it ap-
ears that the basis of his charge rests il
pom statements of Secretary of State a
ansing, Ambassador Page, Balfour v
IL Lloyd George. Senator Clark, of S.
L%issouri, who attempted to defend his
from the hurricane of criti- =
SIN, stated that he did not accuse the !,
ar president of a false statement. =