The Western news. [volume] (Libby, Mont.) 1933-current, 1939-01-05

- ~ in order to make
Gen. Johnson certain his renomi-
nation and reelection.
This johnson article aroused no
end of bitter comment in Washing
ton, not only because of his frank
characteristic of many of the New
Dealers as "crackpots' but because
of his prediction that an overwhelm-
ing flood of returning prosperity
would come within three weeks aft
er John Nance Garner became Pres
identl
The New Dealers of course do not
concede that an administration such
as Garner would conduct would re-
suit in prosperity. But they object
even more violently to the idea OF
Garner for President. Obviously
they do not want any such 'exodus
of crackpots' as Johnson predicts
would occur if Garner became Pres
ident. They would much rather
have an exodus of the Gamers.
Department OF Commerce
Does Not Regulate Business
In the policies to be carried on by
the new secretary OF commerce
there is not SO much interest as one
might think. Actually there are 9TH
er branches of the government
which are of much more interest
to business. For example, the trust
busting division of the department
OF justice. For example, the secur-
tiles and exchange commission. For
example, the ice, the federal trade
commission, the WPA, the PWA,
yes, even the IVA.
Actually the department of COM
merce is not menace to business.
1t does not regulate business. 1t
does not decide on the taxes that
business will have to pay. II makes
many studies and gathers lot OF
data which is of value to business,
especially on exports and imports.
But even on that it is of nothing
like the importance to business that
the tariff commission is, and does
not compare to the reciprocal trade
treaty negotiating division of the
state department.
But nevertheless the appointment
of a secretary of commerce is oil
enormous Importance, despite the
comparatively drab and workaday
functions of the department he will
head. Not by any means because
of the actual acts that the secretary
of commerce will perform, but be.
cause his mere selection is hint
as to the attitude of the President.
So it makes a lot OF difference
whether the post is filled by a. mar
whom business men regard as g
witch burner, or whether the ap
pointment goes to man TO whom
business generally feels friendly.
No More Foreign Loans
EiH Be Slogan This Winfer
No more foreign loans will be tn
slogan on Capitol Hill this winter
Congress is all set to be isolation
list, as far as Europe is7concerned
It is all set to be extremely friendl
to the other countries Of this hemi
sphere. 1t would even be willin
to fight to prevent foreign aggres
sion south of the Rio Grande. Blu
it is not willing to risk another do
lar of taxpayers money on loan
to any foreign government, or t
individuals in any foreign country
either for trade development-th
idea Secretary of the Treasury Her
ny Morgenthau Jr. is toying with
or for building up their own nations
defense.
This last idea seems to be stron
in Lima, where the Latin-America
countries that favor the new We
sion of the Monroe Doctrine, whic
might now be called mutual d,
fensive alliance, are rather intrigue
with playing their own part. TIL;
part of course, as far as one ca
learn here, to be financed froi
Washington.
Loans for trade development wei
always popular in New York and
big manufacturing conmunitie
There is a selfish interest as big ,
barn door to explain il. Much
the 1927, 1928 and early 1929 pro
perity was built on foreign loan
Out In the country, If one is to b
heve returning congressman, the