The Waterbury Democrat., 1937-10-18

aASAAAAS WAAVVA AV0e
 While discussing domestic af- fairs, Roosevelt read Q short quo. tation from Heading economist" He did not name this man, but he meant Professor O. M. w. sprague, one-time adviser to the Bank of England.
 Only because Roosevelt asked him to, sprague left his e20,000 c year British post to join the treasury ct e0,O00. But he didn't stay long. eprague wanted the New Deal to embark on Q large scale, low.cost housing and sluEns clearance program as the English had done, but Roosevelt couldn't see 1t. Also, sprague clashed with him over tho issuO Of prices.
 Enc president had been sold on the idea that the way Co revive industry was TO BOOST PRICES. Bprakuo held thls was temporlElng. Ilo advocated low prices and large volume of pr0s ductlOn.
 But when he couldn't got Roosevelt to follow his articles, sprague quietly departed and re. turned to his old Job at Harvard. Unlike Professor Ray Moloy, General Hugh Johnson and other one.time counsolors, however, he didn't break with the president. They continued good friends, and in the past year have resumed their earlier close relationship. More of Sprague
 Moreover, as c result of fre- quent exchanges of opinion and tho present stock market slump, Roosevelt has completely changed his mind on tho price issue and now agrees with eprague.
 In his speech tho president gave two indications of this new view: (i), the fiattcring reference to gprague; (e) tho statement, ". increased volume of sales ought to lessen other costs Of production So much that even c considerable increase in labor costs can Do absorbed without imposing higher prices oil the consumer"
 Among other things, RO0se- welt believes abundant cotton and wheat crops may bring about . wider distribution Of money, even though they sell at lower prices.
 White House insiders predict more specific statements along these lines in tho near future. George Washington
 A Virginia agent of rural eleo- trlfication called 6 meeting of farmers In tho high school of Bowling Green recently to discuss establishment of c utilities co- operative. Following tho meeting, prizes were given out, consisting of an electric iron and fuils course meals cooked by electricity Oil the stage.
 Names were drawn out of c hat, and tho top prize winner proved to Do George Washington"
 Boyd Fisher, in charge of the Ri1A meeting, thought c prAe- tieal joker had put this name In the hat. But at that moment George Washington rose in the audience, claimed his priEo.-the electric iron--and explained that ho was the seventh lineal deseen. dant Of George Washington's brother John.
 Handing over tho New Deal prize to George Washington, Fisher asked If there were e Martha Washington to make use Of tho iron. George replied that there was not; he would use the iron to press his pants.
 Unexpected Friend
 Hanging In 6 prominent place among the large collection of Au. tosraphed photos jn Postmaster General Jim Farleys office is 6 picture of c certain ardent New Deal critic and Senator from Virginia. The inscription below reads.
 "T0 my staunoh friend and
 genuine Democrat,
 With cordial best wishes
 Carter Glass"
 Put and Take
 Although not advertising it, New Deal iegaiists are for from eiAted with Chief Justice Hughes ruling on Justice Black,
 Privately they refer Co it as the put and take" decision. Black was given c pat on the back, but simultaneously the Court took more power for itseif--the right Co pass upon who shall or shall not sit on the Supreme Court Under the Constitution this Is the prerogatiye only of the President and the Senate
 Hughes decision was . EliAss teEplsOe Of legal flnesss. For dektness and historic signns canoe, RdmlnIstTatiOnltes say lt
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