The Waterbury Democrat., 1937-10-25

Ser1OuS as CO require uraSClC A number of proposals have been submitted to Roosevelt. This particular plan, the work of a leading administration expert who predicted the current slump as early as last spring, consists of six points: t
 i. Remit the last quarter of income tax payments, amount ing to approximately half a bil- lion dollars.
 ?. Modify the capital gains tax in some details, and loosen up the undistributed profits tax to ease the load on small busi- ness men and the construction industries.
 3. Lower margin requirements on the stock exchanges.
 {. Put pressure on the Inter- Commerce Commission to grant the freight rate increase long sought by the railways.
 / s. Expand relief expenditures.
 6. Expedite action to get the new low-cost housing program under way at high speed.
 With the possible exception of the proposal to accelerate the temp of WPA spending, this pro- gram would be received by busi- ness men with enthusiastci hosAnnas..
 They have long been clamoring for repeal or revision of the capi- tai gains and undistributed profits taxes. However, the Treasury has just as vigorously been resisting this action, and would strongly urge the president against 1t if he indicated serious consideration of such 8 move. z,
 Rate Boost 4 The railroads demand for a freight rate boost has been pend- ing before the ;ICC for a year. Its failure to act, one way or the other, unquestionably has been an unsettling influence. Some experts claim this is a major factor in the slump. l..,.t ;.
 Whether this is true or not, administra tionites are using the procrastination of the commits sion as a potent argument for the presidents government re- organization scheme. Their point is that while he is held responsible for economic conditions, he is without power to compel the various irllependent agencies. such as the ICC, to move rapidly to bolster up business. Inscriptions
 Side by side on the picture crowded walls of the White House press room hank two photographs, each with a characteristic irscrip- ton interesting in it's own way. ONE READS: "very Sincerely, Calvin Coolidge"
 THE OTHER: "TO the White House correspondents from their still devoted victim, Franklin D. Roosevelt"
 Wanted: A Miracle
 It will be a miracle if anything comes out of the ALF-CIO peace confab.
 Among the rank and file in both camps there is widespread demand for harmony. The average unionite is weary of the cut- throat pickering and wants peace. But the. obstacles in the path of an agreement are well nigh in- surmountable.
 The two major hurdles are:
 I. Fierce personal vendettas among the rival leaders.
 .2. Equally fierce jurisdictional differences. .. .-
 The general public has little realization of the depth of hatred toward one another among the competing labor chiefs. Their feuds are as venomous as a king cobra's. They not only despise one another personally but clash furiously in private ambitions and theoretical viewpoints. .
 CTO's Lewis, HilIman and Bridges are worlds apart in fundamental outlook from Green, Frey and Hutcheson of the A. F. of |. They can no more mix than water and oil. Even if 1t were possible to bring them together again the rap- prochement wouldn't last. It would be only . short time be- fore they would again be at each others threats. < The jurisdictional probie m might have been fairly easily solved year ago. At that, time the CrO had not Invaded the craft union Held. But now tt is deeply imbedded in this Federation pre- serve and has formed more than @ score of competing unions.
 How this tangle can be unrav- eled no one knows. Neither side has any thought of surrendering