The Waterbury Democrat., 1937-12-04

WILLIE SSeA0SASsSSSS SAA WeeS eAAe Ickes and Hopkins are the big spending authorities of the New Deal. Five years experience ladling out billions have taught them what can and cannot be done. So if Q new "shot in the arm" Is undertaken, twill be their job to do the shooting. Fur. ther, both are strong advocates of the view that more spending is necessary to combat the business slump.
 That Tckes and Hopkins were taken cruising while Secretary MOrgenthau, Number One econ- OmiHer, was left behind with the budget balancing, is highly significant. It reveals how far along the way toward new pump-prlmlng Roosevelt has gone.
 his mind yet that additional spending Is required. But he definitely does not intend to take any chances with letting the TO. cession plummet Into c full blown depression.
 If by March conditions show no signs of betterlng, he will be ready tO unlock the Treasury agaln-Mr. Morgenthau not. wlthstandlng.
 Meanwhile he is getting ready for fast spending action If it has to be taken. That was what was discussed between bites off the Florida Keys.
 Legal Lobbying Jobs
 Donald R. Richberg, one.time NRA boss and assistant President, together with William Stanley, ex- assistant attorney general, have fallen Into unique and highly i'm. portant legal lobbying jobs.
 They are representing General Motors, Chrysler and Ford in discussions with the Justice Dc. partmcnt to settle charges of anti.trust law violations.
 Tho charges grew out of com. plaints by dealers that they were forced to do business exclusively with finance companies controlled by the Big Three--Ford, Chrysler and General Motors,
 A Milwaukee, Wis, federal grand jury recently re-opened an inVestigation of c case pending for more than e year. Richberg md Stanley immediately appeared ct the Justice Department on the plea that prosecutions would diSs turb already wobbly business con. ditions, and tried to negotiate on out of court settlement.
 Once c labor lawyer atid c pArts sier of Secretary fckes, Richberg has gone in for cooperation prac. tice in c big way since leaving the New Deal. He k now c partner in the lew firm of Jo. seph Davies, U. s. ainbassador to Russia and husband of the for. iner Mrs. Marjorie Post Hutton, multimillionaire food heiresS.
 Stanley Status
 Bill Stanley is in on even stranger position. While engaged in private practice, he still draws ten thousand dollars c year from the government as special assist- ant to the attorney general.
 This extraordinary status ros suits from c special act of con- gross. While assistant attorney general, Stanley handled the fight against the late William Waldorf Astor estate to recover twenty million dollars in Inheritance taxes.
 When Stanley resigned from Che Justice Department, Attor. ney General Cummings told congress that Btanley's services were 70 important An the Astor case the government could not afford to lose him. Cummings asked that Stanley Dc continued as counsel by . special.
 NOTE--The Astor case b now pending in the Circuit Court where 1t was appealed by tho estate after . government victory in tho District Court of Southern New York.
 Hand Shaking
 The President has his hand- shaking down to c science. At c White House reception, he cail step ID to the head of c Tecoiy. itig line at Q o'clock, ask aii aide How many have we got this eve- iiing?" and figure out just when his task will Dc finished.
 He figures on the basis Of HOO an hour, AIlowing for rest periods. Me can so into ecti0n at Q, shake hands for three shifts of fifteen or twenty min. utes each, with two breathing spells Of four Of i've minutes esCh, and Do through at 70, CT