The Waterbury Democrat., 1938-04-14


 First warning of this was given by Congressman Jack Dempsey of New Mexico, to colleagues who were exulting over their Reor- ganization bill victory. Referring to Roosevelt's proposal for a new $1,5OO,0o0,000 public works bill. Dempsey shouted:
 And don't think the Presi- dent will get this new spending program through the way he wants it. Wen tie him up in knots and earmark it the way we want 1t, not the way he wants it." . In other words, if Congress has its way the new spending program will become one gigantic piece of pork, with each Congressman grabbing off a new post office, newly dredged creek, or a newly irrigated desert.
 Pork Champion
 Jack Dempsey, by the way, hasn't done badly for himself when it comes to pork. The en- tire State of New Mexico has less than one-fourth the population of Manhattan, but at the last ses- sion of Congress, Dempsey secured so much New Deal money for his state that Representative Kleberg of Texas chided him:
 "Jack, we're going to intro duce 8 resolution whereby Texas slices off some of its territory and gives it to New Mexico SO you'll have more room to hold all your projects"
 NOTE-Some congressman have turned sour on Roosevelt because they haven't enough pork or pa tronage, but this was not the case with Dempsey. Dempsey was swept into office on the Roosevelt landslide supposedly as a New Dealer, but actually is million aire president of the U. s. As phalt Corp, with an economic and political philosophy about as close to Roosevelt's as J. P. Morgan's. Recovery Plans
 Following her latest trip across the country, newswomen queried Mrs. Roosevelt at her press con- ference regarding economic con- ditions. The First Lady was non- committal, so one of the reporters asked:
 Did you hear any construc- tive plans for curing the re- cessiOn?"
 "Oh, I came back with a bag full of depression cures. However, the general run of people don't have any constructive criticism"
 What did you do with the plans you brought back?"
 q passed them along"
 "To whom?" eagerly demand ed 8 correspondent.
 "Oh," said Mrs. Roosevelt with a sly chuckle, 'I passed them along to people I think would be interested in them."
 NOTE-Mrs. Roosevelt returned from her tour tremendously en- thusiastic about the work of the National Youth Administration, and told the President that the IVA staff twas the keenest group I have met in long time. There is more imagination in their pro- jects than in a great many other federal undertakings"
 Weak Recovery Reed
 The last man to think the new $500, ,000,0 ,000 loans-to-industry act will be a major recovery factor is REC Chairman Jesse Jones' who was chiefly responsible for the legislation and will admins ter 1t.
 "What business needs," the hefty Texan remarked to friend on the day the bill passed, "is not loans but orders. Any business that has collateral that the REC will accept doesn't have to come to us for money. The banks will be glad to lend it."
 Jones is well qualified to talk in this vein. Since 1884 the REC has had the power to lend up to $30O,O 100000 to industry on easy terms. But under Jones' tight listed, banker-minded rule only $107,O 100000 has been disbursed in the four years. This is a trifle more than $25, 5,000,000 8 year, an insignificant drop in the economic bucket.
 On the other hand, during this period, the REC had ladled out several billion dollars to rail- roads, banks and insurance com- panies.
 Fights Off Attack
 Jones was so tight-fisted about helping small business men and distributing money appropriated for flood relief, that after last springs disastrous floods de- termined move was made to take 0w@v@ THE TEA nH00Dn