The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-09
SOUND MONEY
One PLANK IN
new PLATFORM
Borah's Suspicion of Wall
Street Influence Is
Bitter Factor
LANDONITES WORK
THROUGH SESSION

CLEVELAND, June 9. (UP)-
Leaders of Governor Alfred M.
Landon's board of strategy labor
ed through the opening session Of
the 1886 Republican convention
here today in their efforts to COM
plete platform plank calling for
sound currency and at the same
time hoping not to ALLEVIATE their
supporters who are opposed to a
return to the gold standard.
"You can say it will be sound
money plank" one influential ad-
wiser told the United Press rep
resentatives. otis big issue that
is unsettled as yet, but don't
think the Landon group will men,
ton the gold standard"
Equally strenuous delibera-
tions went forward in an effort
to clarity the Landon agricultural
plank. Representative Clifford
Hope, Senator Arthur Capper of
Kansas, sponsors of the plan to
pay the farmer a subsidy equal
to the increased prices he has to
pay because of the tariff, confer
red with officials of the American
Farm Bureau Federation and the
National Grange.
1t was understood that Farm or
ganization officials contended that
the Hope apper plan. which has
Landon's sponsorship, is "too con-
sentative"
SO intense were Borah's suspi-
cions that Wall Street influence
was behind Landon's platform
that he was attempting to ar
range to defend his own program
in a dramatic appearance on the
convention floor. The fasteners
on such move.
A sudden decision by the New
York delegation to postpone its
caucus-expected to favor Lam
don-until Wednesday was re-
ported to be a threat to bolt IL
Borah were permitted to write in
to the Kansan's platform a provi-
sion for a managed currency.
Into this controversy, which ex-
tended to other important planks
such as foreign policy and monop-
oily, marched the old guard of the
eastern states with a complete
platform on which they invited
Landon to stand.
The United Press learned that
this completed platform of l,2O0
words centered on these issues
which are the heart of the fight:
/. A deleclaration for sound
currency and against permission
for the president to "juggle with
our money" but with no mention
of the gold standard. Borah mean
while discussed with his advisers,
a nex-New Dealer, Amos
Pinchot of Pennsylvania, a man.
aged currency plank providing for
orderly expansion of currency
adequately backed by gold re-
serves.
2. The old guard made a gen.
eralized statement for "the pro.
lection and full price benefit of
the American market for the
American farmer" by tariff llml-
tations or some other plan of ben
eft payments to compensate the
farmer for lack of tariff protec-
ton. This would, in general, in
clude the I,andon camp farm pro-
posals. Borah conferred on
farm plank with Louis Tabor OF
the National Grange. Taber said
the Idahoan would ''have a good
one." Borah favors aiding the
farmer by curbing industrial mo
nopoly and restoring purchasing
power by preserving the American
market for the American farmer.
8. The old guard plank refer
ring to monopoly reads: we ia.
vor the impartial enforcement OF
the antitrust laws to, prevent mo,
nopoly and unfair trade practices
Borah criticized Landon for fail
ure to state his position on mo-
nopoly-the strongest card in the
Idahoan's deck-and was told by
the Kansan's manager, John Ham
ilton, that he could write the mo-
nopoly plank for Landon and
make it as strong as he desired.
There was no disagreement
among Landon forces and the
eastern old guard leaders about
A. ~>oo-a,, o1onk ...