The Waterbury Democrat., 1938-04-19

tOtO!
 Most congressional insiders feel that he won't, much as he dis approves of the measure as an abandonment of New Deal tax principles. They base this reason ing upon the fact that the tre- mendous business pressure for signing will be coupled with pow erful cabinet support.
 With the exception of Secre- taries Morgenthau and Ickes, the Cabinet, including the idealism- talking Henry Wallace, who has his eyes glued on the White House, favors any kind of a bill giving tax relief to business.
 As a result, the congressional master minds are confident that in the end the President will sign on the dotted line. He may accompany his signature with 8 caustic statement, but he will have to swallow the bit- ter pill.
 While convinced of the sound- ness of their logic, however, the boys are not entirely certain of it. And one of the chief rea- sons for their doubt is con- fidential bit of information.
 Old Hickory
 On the day the President sent his letter to the House and Sen- ate conferees vigorously assail- ing the Senate bill, he started reading Marquis James brilliant life of Andrew Jackson, which with great dramatic force relates Old Hickory's historic battle against rechartering the United States bank.
 Jackson's House and Senate voted overwhelmingly to give the bank new charter. And with the exception of Attorney General Roger B. Fancy, every member of Jackson's cabinet urged him to approve it. But the hard bitten old warrior refused, took the issue directly to the country and licked the all-powerful bank.
 Roosevelt's devotion to An- drew Jackson is legendary. And the boys on Capitol Hill wonder if Roosevelt is refreshing his memory about this historic struggle with the idea in the back of his mind of emulating "Old Andy.
 Much as they approve the sen- ate tax bill, the last thing the congressional leaders want is to have it thrown into this years election as a major issue. It is not the kind of measure on which to make ar appeal for popular sup port.
 NOTE-New Deal foes of the legislation are calling it the "Baruch BilP'. "Berney" Baruch, multi millionaire New York speculator, is an intimate friend of Chairman Pat Harrison of the Senate Finance Committee and proposed most of its major fea- lures.
 Very Angry
 Of all the critics of the Senate Bill none is hotter under the col- lar about it than Under Secretary Roswell Magill, the Treasury's young tax expert.
 When the House emerged from the House Ways and Means Con- mittee, with the rate schedules of the capital gains and undivided profits taxes Whittled to the bone, left-Wing Administrationites bit- terly denounced Magill for "sav- ing the principle but throwing away the taxes. Reason was that he had been the committees con- sultant in the framing of the bill
 When the bill moved to the sen- ate side, Harrison completely dis regarded Magill. The door liter ally was slammed in his face. Pat directed the revision of the House measure in accordance with the theories advanced by Baruch.
 Magill is the pedagogic type, mild of manner and cOnciliat0ry, but the kicking around he got from the Senate committee burned him up, Publicly he said nothing. But he talked where it counted.
 NOTE-The sizzling letter the President sent the congressional conferees on the tax bill was writ ten by Magill.
 Garner and Roosevelt
 Despite all denials of a clash between the President and Jack Garner, here is a significant in- dication of what the grizzled little Texan thinks of the man whom he acclaimed effusively as "my Commander in- Chief" at the Philadelphia convention just two years ago.
 Last fall, when the vice presi- dent returned to the Capital, he