The Waterbury Democrat., 1937-11-18


 by anyone not actually pres His audience was definitely hos tile. Also, 1t was inclined to treat with vocal and sometimes raucous levity the most serious and import ant remarks Morgenthau made. Promises that the Administration was anxious to cooperate with business brought an audible chorus of "Oh yeahs". The pledge that Roosevelt want ed to revise inequitable taxes brought one or two Bronx cheers.
 MT. Morgenthau, very earn est young man, had worked hard on his speech, and this reception got under his skin. However, ke perservered. Finally he got to the most important part of his speech, the promise of a determined" move toward balancing the budget. This brought more jeers and "Oh yeahs". Whereupon, the irEed MT. Morgenthau shot back:
 "All right, you try it your self"
 NOTE-Despite MT. Morgen- thau's good intentions, 1t can be stated categorically that the budget is not going to be balanced this year. Plans to balance 1t have been abandoned by some of the Presidents close and conser- vative advisers, who say the ef- feet on business would be disas- trous.
 Business Against It
 Even business men are now re- versing themselves and arguing that the too sudden stoppage of government spending is causing the slump in business, and that the government will have to go back to a larger relief budget and more pump-priming.
 The only man (beside Morgen- thau) still adding up figures to bring the budget into line is the President himself.
 Unusual Witness
 Washington will see a world famous prisoner testifying before a senate committee in December, If secret plans materialize.
 Friends of Tom Mooney, prin- cipal of Califolnia's 20-year old cause celebrc, propose to ask the senate judiciary subcommittee, appointed to investigate the case, to subpoena Mooney so he can speak in his own behalf.
 The bill calling for the probe was offered by Senator James Murray, Montana Democrat. Wyoming's scrappy Senator Joe O'Mahoney was named chairman of the Investigating committee. He made an exhaustive study Of the case during the congressional recess and has scheduled public hearings early next month. Anti Trust-Buster
 MT. Roosevelt and his dawdling attorney general are not on the best terms these days. In fact, they may be parting company.
 Both will deny 1t, but neverthe- less 1t is a fact that Cummings is dragging anchor on the Presidents vaunted anti-monopoly drive and Roosevelt is very sore about 1t.
 The President is extremly eager to get under way with the monopoly move. He believes vigorous action at this time would produce far-reaching re- suits i'm forcing down prices, thereby energizing tagging con- sumer buying, one of the pri- mary causes of the business re- cessicn. Several weeks ago he personally directed Assistant At torney General Robert Jackson, crusading head of the Anti Trust Division, to make . study Of price fixing and to institute suits against certain manufac- turerS accused of cOllusive bid ding by government depart Inents.
 Jackson hopped to it with en- thusiasm. But under cover, Cum mings has been quietly throwing obstacles in Jackson's way. He poo-poohed the value of the sur- vey and has thrown cold water on the anti-monopoly campaign ili general.
 Old Story
 This reluctance is nothing new. From the day Homer Cummings stepped into office he has shied away from trust-busting.
 For three years he talked about prosecuting the Aluminium Corpor- ation of America, but nothing happened until Roosevelt made Jack chief of the Antitrust Di- vision. Last year, when Cum m,ngs finally was prodded into considering repeated Treasury and Interior Department allegations of