Milford chronicle., 1937-04-23
ECONOMIC HIGHLICHTS
Happenings That Affect The Dinner
Pals, dividend Checks and Tax
Bills of Every Individual


importance. (The exceptions include
the passing of bills extending the
life of the RFC until July 1, 1899;
renewing the Presidents authority
to execute reciprocal trade agree
ments; renewing his power over dol
lar devaluation, and providing for
the voluntary retirement of Supreme
Court Justices on full pay at the age
OF 70). This congressional inertia
is principally due to the judicial re-
organization purposal, which is COM
manding the full time and interest
of the bulk of congressman. But,
sooner or later. Congress will have
to get around to other items on its
calendar and weight proposals
touching almost every phase of in
dustry, commerce, government and
agriculture.
The status of major proposed legis-
latiOn was recently summed up by
the Capitol Daily. 1t shows that
many bills are still in committee,
though a number have been reported
out and have passed one house or
another. Notes on some of these
bills follow:
Coca White House sponsored
bill to make the CCC a permanent
instead of an emergency agency has
been introduced in the House. 1t
will probably become law with little
opposition. The CCC is one New |
Deal project which has received al |
most unanimous endorsement.
Coal Control-SenatOr Guffey has !
introduced a bill which would, in
directly, subject the soft coal indus
try to little NRA." A Federal
Coal Commission would be estab-
lished and would create code con-
cerning marketing. working hours.
labor relations, etc. All companies
subscribing to the code would be
taxed " per cent of the sale price
of their coal. Non-members would
he taxed Is per cent Thus. joining
the code would be voluntary" in
theOry-but ruinously expensive for
company to stay out. Has good
chance to pass.
Licensing of Business in Interstate
Commercial much debated proposal :
to force Federal licensing of all bust
nesses operating in more than one
state has been introduced i'm the Sen =.
ate by Senator O'AIahOney, and in ,,
the House by Representative Mead. +;
Has relatively poor chance to pass. !,
Crop Insurance This farm relief .
measure enjoyed the distinction of g
being supported by both candidates .
in the last Presidential election. A :,
bill to create Federal Crop Insur- :. q
ance Corporation with a capital of :,
500. 900. 900 to insure wheat against g
losses from natural causes. has pass u
4 al mi hppnmn
law. :,
Retail Price FiXing-Senator Ty-
dings and Representative Miller are +"
co-spOnsOrs of a bill which would
permit manufacturers to establish G
minimum retail prices at which their II
products can he sold. Several states g
have laws to this effect in operation S
now. and the principle has been up Il
held by the courts. However, con- Ii
siderable agitation is developing Ia
against the Tydings-Miller bill "t
among business men as well as con- ST
sumers. and it may find the going r,
hard O;
Senator Sheppard is father ee
of bill whose future is doubtful, -
that would authorize the President ~ -,
to fix prices in time of war, and ~
requisitiOn any and all needed goods p'
or services. Ill
Transportation - Most important
measure in this field is the Pettengill W
bill which would repeal the long and re
short haul provision of the Trans u
,ortation Act This bill passed the de
House last year, but never came to m
vote in the Senate. Chance of it IN
'ecoming law this year is fairly good. ev
hough considerable opposition is DR.
developing. or
Pure Foods-A bill introduced in ~
he Senate. which is very similar to e
bill beaten last session. would pre- ~
'ent adulteration. mishandling. etc. ="
If drugs and foods in interstate COM th
ncrce. Future doubtful er
Farm Tenancy-Practicall every pc
me agrees that the high percentage at
# farm tenancy in all agricultural
tates is one of the gravest farm be
roblems. Leader Bankhead has au- I'M
horized House bill to make loans 90
o tenants so they may purchase fa,
arms and equipment. The White
louise is strongly in favor of such
plan. but recent reports say that "o
he President doubts whether the sp
eccssary money can be raised-esti- ce
lates show what the cost of substan- Uni
ALLY reducing tenancy would be is
asst ap
Labor-The Black 30-hour week in
i'll is in committee. probably will me
OF pass. of
This by no means eXhausts even
he more vital items on the calen- val
ar. but it indicates that Congress ne,
as big job ahead. On practically in
] of these matters there will be a sIi,
elter of debate. and almost as many no,
vergent opinions as there are Con- 49,
'essmen. AS in the past, White ,il,s ,ns
ouse views will be the decisive fac WI
~ pai
Business Week reports the results acc
an advertising cansus. involving l
212 agencies placing almost $780, rise
% 900 of business. Newspapers get eau
per cent of this, magazines q per inc
mt. radio f6 per cent, with the bal dril
ce divided among direct mail, trade acc
pers. outdoor and car ads. law
accidents constitute +
increasingly grave social prob bee
m. They constitute a highly SER Z n,
is economic problem as we'll fata
st estimates place the annual enc
)ney waste of highway mishaps at CEN
IRE than $1,500,000, 900. N
AS a consequence, the problem is mos
lining the attention of economists Owe