The Waterbury Democrat., 1938-02-02

winter fishing vacation this
 Nothing has yet been said about it publicly, butt he tip-off on his plan was the little announcement that Jimmy, his son and secretary, would participate in the Marines war-game maneuvers in the Carib- bean next week. Jimmy holds a reserve commission as lieutenant colonel in the Marine Corps.
 With the national defense mes sage out of the way and ony one or two more business conferences scheduled, the President is about caught up with his current plans and feels he is in position to takea couple of weeks off from the official grind.
 Preparations for the trip were begun very quietly several days ago, but in keeping with the cus- tomary Secret Service policy no information will be released until the President is about ready to depart.
 Unbashful Brain Truster
 Adolf Berle, original Brain Truster and great believer in his own destiny, was telling friends of the offer he had re- ceived from Cordell Hull to be- come assistant secretary of state.
 "They want me to come down and prevent the world from massacring lot of women and children" Opined Berle. T don't want to go but I suppose someone has got to save them" Berle Boycott
 While Berle was debating whether or not he would accept the job, newspapermen covering the State Department had de- clared a boycott against him if he were placed in charge of press relations, as Secretary Hull has intended.
 Worried, Berle appealed to an executive of 8 newspaper in New York to telephone his Washing ton bureau and ascertain how seri- ous was the boycott.
 Little Business Man
 Secretary of the Treasury Mor- genthau and SEC Chairman Doug las are working out the details of a plan-to be sent to Congress shortly with White House blessing that really will do something for the little business man.
 The proposal will meet one of the most urgent needs of the present economic situation-that of suppying little fellows" with long term credit.
 With business in the doldrums, banks are leery about such loans, and there isn't enough in stock issue of ten to hundred thou sand dollars to interest investment houses. As a result, small business men have complained to the Pres ident and Secretary Roper that literally they are bc,ng starved to death through lack of low inter eSI-rdIe money LHaTkSC.
 The Morgenthau-Douglas plan is aimed at filling this urgent want through new government corporation which would issue debentures up to S500000 at charge of not over per cent.
 The Reconstruction Finance Corporation had authority to make commercial loans, but this power has expired. Also, the loans were limited to short term credits and were hedged around by many restrictive conditions. The new proposal not only would re-establish these credits, but go step further and pro- vide long term financing as we'll.
 Morgenthau and Douglas plan to set up Little Business Credit Corporation as part of the Fed eral Reserve Board, which has the power under certain conditions to extend short-term loans. The new corporation would be modelled after the limited dividend mort gage corporations authorized by the new Housing Act to finance low-cost apartment projects.
 ROOsevelt'S Economic
 Adviser
 The bright young man whose name has been in the papers re- gently as economic adviser to the White House was nicknamed Dub" when he was in college.
 His real name is Leon Hen dersOn, but at Swarthmore Col lege, where he was an expert basketball player, not an expert student, no one called him Leon. The sobriquet Dub" was uni- versal.
 Henderson came from a poor farm home on the outskirts of Millville, N. J., and worked his way through college as 8 table OFF THE RECORD