The Waterbury Democrat., 1936-02-13

For months the Commit Co be Q Moley admiration ga' Brain Truster expounded o and, incidentally, boosted clrcula- ton and advertising Of his maga- Rine, Today.
 Now Allie Freed, financial father of the committee, has sold Q new housing program to the President.
 This was behind Roosevelts conference last week on the un- expended balance of the HoLC. One billion dollars from It's uns used funds will be transferred to Q new housing set.up, and this In turn will be lent to private companies and municipalities At one per cent interest.
 The President is sold on the plan one hundred DOT cent. He thinks M will mean tho construc- ton of Q million private homes and the biggest building boom since the Bull Market.
 Mrs. Sold Too
 Mrs. Roosevelt also is sold on the plan of making Allie Freed head of the new housing set.up,
 To this end. Allie has played his cards well, It probably escaped general attention, but Allie was one of those who recently accom- panied Mrs. Roosevelt to her Homestead Project ct Reidsville, w. Va.
 Furthermore. Allie has held out hopes that he might build Q factory at Reldsville to employ the homesteaders. yf there Is one thing dear Co Mrs, R0ose. velt's heart lt ls her Reldsvllle homesteaders, and Allie Freed knows it
 And if there is one fault con. sistently entertained by the Roosevelts 1t is Q perennial pre- possession for colorful and charm ing personalities who cannot pos- sihly fit into 0 smooth-runnin piece of government machinery.
 Hence the General Johnsons, the peeks, the Jimmy Moffets, the Jimmy Warburgs, the Ray Moleys and all tho other New Deal tliscards.
 Tho 40-year-old Allie Freed is king of Paramount Cab Corpora ton, Q New York taxicab com- pany, He Is on enthusiastic, sin- cere, vigorous Roosevelt rooter and deserves credit for ooncocting the new housing plan.
 But as It's prospective head, Al-, lie Is . risk,
 Pan-American Peace
 Tho Pan-American peace con- ference being discussed secretly by the State Department and Latin American diplomats would carry out tho idea emphasized by tho President In his message to Congress---the Good Ncighbor poll icy in tho Western Hemisphere.
 Tho Conference would rub home to Europe the idea that
 the New World nations, at least, can live peacefully to- gether, and would attempt to
 strengthen political and ccon-
 Omlc ties between the Americas.
 Some of the far-seeing gentle- men in the State Department believe that during the next war in Europe, the United States must confine It's trade almost entirely to Latin America. Certainly this will be true If American ships and war materials are to be with drawn from European helligerent waters.
 NOTE-After discussing the Peace Conference with Assistant Secretary Welles, Latin American envoys ell told Q different story. Chilean Ambassador Trucco said he had discussed the Chilean Railway strike. Uruguayan Min- ister Richling said he had dis- cussed the sale of chilled beef to the United States. Mexican Ambassador Najera said he had discussed @ "very personal mat ter"
 J. P. Morgan
 His two weeks appearance be- fore the Senate Munitions Com mittee was a pleasant and inter- esting experience for J. P. Mor- gan--as he cordially assured Chairman Gerald P. Nye upon its conclusion. But his partners were less enthusiastic. More political minded than he, they were in constant sweat that the famed international banker would make an unguard- ed remark which would hit the headlines. And the last thing he did was exactly that. Just before leaving the committee room. he observed:
 "If you destroy (by taxation)
 Che leisure class, you destroy
 civilization"
 At the time the statement was made, Morgan's uneasy associates said nothing to delighted news papermen. But several hours later Thomas Lamont. canny dean of the Morgan partners, called up several newsmen and said: "T just wanted to make sure that MT. Morgan's views were
 not misinterpreted."
 0EE THF RrC0Rn