The Waterbury Democrat., 1938-03-24

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 Miracle of miracles, even Sec retary Morgenthau is now veering to the spending point of view.
 Until recently Morgenthau was dead against loosening the pub lie purse strings. Hopefully and consistently, he still clung to his grand passion of balancing the budget. But pessimistic business reports from private agents have convinced him that this is vain hope this year, that the country is urgently in need of another shot in the arm from government spending.
 Also playing an important role in Young Henry's change of mind is the sinister European situation. He is profoundly alarmed at what is happening there, and fears that prolonga- ton of the recession in this country would have grave econ- cmic repercussiOns abroad which might be the final factor per- cipitating war.
 So in the last few weeks Henry has changed his tune. Though now leaning toward increasing expen- ditures, he doesn't go as far as most of the other presidential ad- visers. who want Roosevelt to unite the money bags and unleash a big spending program.
 Inner Struggle
 Federal Reserve Board Chair man Mariner s. Eccles, for ex- ample, has been trying for months to sell Roosevelt oil a $3,0OO,- 100000 spending plan.
 Siding with him are Bill Doug las, chairman of the Securities and Exchange Commission, Relief Administrator Harry Hopkins, Sec retary Ickes, Senator Bob LaFol- lette and other militant inner circle counselors. ..
 They present two arguments: FIRST, that even if there is a slight business pickup this spring, as TOW seems likely, there is nothing in the cards to indicate that the upturn will be more than temporary. SECOND. every dol lar spent now by the govern ment will be worth three dollars spent a year hence.
 Ia other words, S3.0OO, 100000 spending program now will accomplish what it would require S1O,OOO, ,OOO, 900 to do next year if business is allowed to sag in the interim.
 In private conversations, the President has expressed complete agreement with the Eccles-Doug- las-LaFollette viewpoint, though in practice he has followed Mor- genthau's previous don't-spend advice.
 But now with Morgenthau himself beginning to concede the need of more spending, the Eccles group is hopeful it can persuade Roosevelt to go still further and jaci. up the new relief budget. Hoover Loves Wisconsin
 President James Bryant Conant of Harvard is the proud owner of unique set of dishes. Each piece is stamped with the em- blem of a prominent university.
 The china was used at a din- ner which Conant once gave for Herbert Hoover. President Con- ant laughingly explained to Hoov- CT that the soup bowls bore the Dartmouth insignia, the fish plates the emblem of Yale, and the meat platters the seal of Harvard.
 "I trust" added MT. Hoover, that the nuts arc served in Wisconsin bowls.
 Austrian Minister
 For Edgar Prochnilz, the Aus trian minister who had to fly the Nazi swastika in front of his Washington Legation when Hit Ter marched into Austria, the number 13 was most unlucky.
 For Prochnik has been Austrian Minister to the United Staets for exactly 13 years-and the 18th will be his last.
 Although the oldest minister in point of service, except for the Swiss, Prochnik now has the al- formative of stopping to the much lower position of counselor of the German embassy, or going back to Austria to face a regime which he opposes. Without money of his own, Prochnik is in 8 tough spot.
 Returning to Austria, however, is the last thing he wants to do. Ever since he graduated from the Consular School in Vienna in 1904, Prochnik has lived in the Unitedl States either as a consul or minister. Twice he has mar ried American wives (Mary Batchelder of Chicago, who died 0-wS pvSvuw@ ~-~~~~