The Waterbury Democrat., 1939-05-01


 Jesse" read the most import ant part of Hopkins personal let ter to the REC Chairman, I'm getting hundreds of squawks about REC lending policies every day. So are you, so is the White House and the SEC. Now this can't go on. You'll just have to get down off your high horse anl do some thing about it."
 And Jesse is doing something about it. This is the most i'm portant economic development of the New Deal today. At last he is untying the purse strings of the REC as far as small business is concerned.
 Harry Hopkins polite bawling out apparently has made an inn pression. Also there were several other factors, among them:
 l. Jesse Jones wants to be head of the new spending lending agency.
 2. Jesse also harbors vice. presidential ambitions.
 3. The SEC is making an extensive survey of small bus mess needs, and the results aren't going to do the REC any good.
 4. Economic trends, respite government spending, are downward, and New Deal gen. eraliSsimos are worried. Pump priming into small business is the most likely remedy.
 5. Senator Jim Mead's bill for government guaranteed bank loans to small business is winning powerful support. All of which indicates that the small businessman at least is go- ing to get break.
 GOVERNMENT
 REORGANIZATION
 Newsmen were trying to shake story out of Henry Wallace at his press conference. They were try ing to make him protest possible loss Of two bureaus to Ickes through reorganization. The dia- iOSuG WClI llkc lIllS.
 INT. Secretary, will you com- ment on the plan to shift Forest Service and Biological Survey to Secretary Ickes?"
 "The only agency in the exec utive branch competent to dis cuss that is the President"
 "But you have heard that dis cussed, haven't you, MT. Secre- tary?"
 "The only agency in the execu- tive branch competent to dis cuss that is the President"
 Would you favor it, MT. Sec- retary, as a general proposi- tion?"
 .Ahe only agency in the exec utive branch competent to dis cuss that is the President"
 ''Mr. Secretary, what do you think of Roosevelt for a third term?"
 NOTE-Real fact is that Wal lace wept such copious tears at the White House over the pros- pective loss of his Forest Service that he will probably be able to keep it.
 ARMS TO GERMANY
 Betsy Barton, lovely daughter of Congressman Bruce Barton, re- gently revealed in her newspaper column that during the Spanish civil war, shells fired by Franco bore the mark of a Pittsburgh manufacturer. The shells had reached the Spanish Fascists des- pite the U. s. embargo against both sides in Spain.
 What most people overlook is that Cordell Hull has permitted the shipment of arms to Germany, and that Germany supplied a large part of Franco's ammuni- ton. Arms shipments to Germany continue despite the Treaty of Berlin between this country and Germany which prohibits the Importation of arms" into the Reich.
 Mr. Hull takes the position that the United stataes is not violating the treaty because there is no pros hlbition against exporting arms: therefore 1t is only Germany which Is doing the violating. BARTER DEALS
 The brains behind the barter deals arc those of the State Dee partment's tolSie-haired, pipe- smoking Herbert veis, Adviser on International Economic Affairs. Feis (rhymes and rice) can ss.s. sDss,,s.s .s ~'st e,sS tss