Evening Star Newspaper, June 26, 1933, Page 7

THE EVENING STAR, WASHINGTON, LD EE, MONDAY, JUNE 26, 1933. SPREE OF SPENDING LAID TO DEMOCRATS Snell Opens Fire on Record of Administration in Last Congress Session. | off the drain on ) political spoilsmen.” | culture Department estimated 200,000 | | real financial condition of the Gov-| iernment may succeed in its for a brief time, but it does not pay e debts. It does not stop the| the public credit. It does | not stop the increase- in interest charges. It does not halt the upward march of Federal taxes.” Snell also charged the administra- tion “has prostituted the public service by stipulating in the legislation creat- ing new activities and setting up new machinery that the Federal employes needed in those operations shall be He said the Agri- | purposei d individuals would be needed to carry out the domestic allotment law alone. The Democratic Congress, he said.[ “legally repudiated the gold standard” | KUHN, LOEB PROBE OPENG TOMORROW Senators Silent on Course They Will Follow in Bank- ing Inquiry. tacular inquirles, is expected to .mve! today in time to confer with commit- tee members before the first hearing tomorrow. Investigators have announced that in a general way the Kuhn, Loeb in- | quiry will follow the lines of the recent J investigation of J. P. Morgan & Co., in which bankirg practices and security | sales were closely scrutinized. There have been indications, nlso_‘ that income tax testimony, which has | played such a prominent part in Mor- | | gan hearings might figure in the Kuhn, | Loeb case. Investigators have examined | income tax returns of the firm's part- | m‘]rs. but have not disclosed the re- sults. | Chairman Fletcher anncuncad Sat- quent executive meetings to argue over | Democrat, Kentucky; Costigan, Demo- | and map out procedure. crat, Colorado; Townsend, Republican, | ‘This will not be necessary in the ap- | Delaware; Goldsborough, Repub'ican, proaching case, members believe, be-| Maryland, and Steiwer, Republican, cause the decisions reached in the | Oregon. Morgan inquiry, and the course ap- | A s e approaching hearings. KIWANIANS PLAN FETE It was indicated, therefare, that no question would be raised about the ad- | tax transactions, favored customer lists, | CLARENDON, Va., June 26.—Joining individual borrowers among other | the other 1872 Kiwanis Clubs in the bankers, and other information that | United States and Canada, the Arling- One of the members of the subcom- | “All Kiwanis night” tonight at the mittee, however, is Senator Glass,|home of Earl W. English, 309 West Kiwanis proved at that time, will stand for the mission of evidence dealing with income | BY ® St& Correspondent of The Star. causad controversy during the MOrgan | ton Cqunty Kiwanis Club will observe Democrat, Virginia, who frequently pro- | Pershing drive. _The “All urday that despite the acquittal of | tested the course of the Morgan inquiry night” is being held throughout the IF’s so easy to make faded Charles E. Mitchell, former chairman |and criticized Pecora’s methods. country in conjunction with the annual By the Associated Press. the first time in its history delib- | By the Associated Press. of the National City Bank, on charges | Other members of the group in addi- | convention of Kiwanis International, The Republican effort to win back | erately dishonored the pledges to those | Senate investigators today shrouded | Of income tax evasicn, the committee | tion to Fletcher, ae Senators Barkley, | which opens in Los Angeles today. control of the Federal Government is|who have bought Government securi- | in silence fhe course they irtend to fol- | Would continue to disclose any practices officially under way. by low when their inquiry starts tomorrow | encountered that were considered “un- and the United States Government “for old sbz'ngles It was initiated yesterday by Repre- sentative Snell of New York, a Repub- lican leader, and indicated a decision | to start now, during what usually are the political dog days, instead of wait- { ing to see the effect of the Roosevelt program. » Primarily, it will be based on charges that the Democrats just went on a| “spending spree”; that they used “tricky | bookkeeping” to justify their acts; that, | “instead of reducing the Federal ex- penditures 25 per cent, the Democratic administration in 100 days mors than doubled them.” Will Regain Seats. That was Snell's summation of the special session. It followed by two days his prediction that in the November, 1934, congressional elections the Repub- licans “will regain between 50 and 70 normal Republican seats * * * and “have an equal fighting chance of win- ning enough to seize control.” His contention was that huge appro- priations put the budget more out of balance than it ever has becen, except during the war. He objected to two budgets—one rep- resenting crdinary expenses and the| other the emergency projects; he pre- dicted that new taxes would have to be levied, said that repeal of the gold clause constituted “outright repudia- tion,” that there was too much haste in the special session and that Demo- crats were building up a new system of bureaucracy and tending toward Government ownership and operation of transportation. Snell said the National legislators continued $400,000,000 in new special taxes enacted last year, and in addi- tion added $220,000,000, to make a total of $620,000,000 “additional new taxes to be paid by the American people dur- ing the coming fiscal year.” “Disavows Responsibility.”” “This Congress authorized the issu-| i ance of $8560,000,000 in new Govern- ment bonds and securities,” he added. “The Government disavows responsibil- ity for the payment of the principal of $4,000,000,000 of this amount. “This act of outright repudiation has set an example to other nations owing us money which is already bearing us costly fruit,” he charged. Government Ownership. Snell also said that the Democratic | Congress “put the Government directly into Federal ownership and operation | of public utilities and took a long step | toward establishing Government owner- | ship and operation of railroads and other transportation systems,” in addi- tion to setting up “the most elaborate | system of bureaucracy dictation that | has been known to the civilized world | outside of Russia” through the domes- tic farm allotment and national re-| covery acts. | He asserted Congress had repudiated the Democratic party's 1932 platform by repealing the anti-trust laws. “In some instances.” he said, “in di- rect violation of the United States Con- stitution and in practically all in- stances in violation of the traditions and practices of the Republic, extend- ing over a period of 150 years, this Congress_gave to the President of the | United States more power than was| given to Lincoln to save the Nation or to Wilson to win the World War.” He asserted the House acted 8s & “rubber stamp.” “With some of the legislation the Republican minority is in sympathy,” into the operations of Kuhn, Loeb & | Wholesome.” Co., one of the Nation's biggest private | banking houses. | The same secrecy which has veiled their preliminary work in previous in- quiries was evident as the Kuhn, Loeb | investigation approached, but lherei were hints of hitherto unmade dis- | closures. Members of the Investigating Com- mittee said everything was in readiness for resumption” of their inquiry into private banking practices and only the | arrival of Ferdinand Pecora, committee | counsel, was awaited. Pecora Expected Today. Pecora, the swarthy New Yorker who | has conducted all of the recent spec- ! Outbound Journey July 1, 2,3 | Loeb hearings will be conducted by a | subccmmittee of the Banking Com- Publec Duty Seen. “It has been my view, and I believe it is the view of the committee,” | Fietcher said, “that when unwholesome or unethical prac; were_discovered, we had a public duty to expose them | and to call them to the attention of | Congress for such remedial action as might be deemsd appropriate. As chairman of the ccmmittee, I propose to pursue this policy so long as the investigation proceeds.” Unlike the Morgan inquiry, the Kuhn, mittee. The full committee sat in on the Morgan investigation and held fre- Return Journey July 8, 1933 Get Away From the Grind Over the Fourth IT'S QUICKER BY TRAIN “With the issuance of these bonds, our interest-bearing public debt will exceed by b:.saoml‘,:moigoo v%hexge% of our lic del luring the Worl ar. w:?m view of this, what of the pledge of the Democratic party to reduce ex- penditures of the Federal Government 25 per cent and balance the budget? It hhas gone to the realm of forgotten ~—just another (‘zsne of those Democra campaign promises. “&t«d of reducing the Federal ex- penditures 25 per cent, the Democratic administration in 100 days more than doubled them.” “The Federal budget has not been Wbalanced,” Snell asserted. “It is more out of balance than at any time in the history of the United States, with the single exception of one year during the World War. “That is a delightful way of fooling one’s self until the day of reckoning is at hand. * * * Tricky bookkeeping devised to conceal from the public the ““Quite all right 'Bill. Thanks to my bedside exten- sion I didn’t have to move a step.” ASIDE from the con- venience of a telephone by your bed, there’s the security of know- ing that emergency calls can be made immediately. Yet the cost of this comforting assurance is but a few cents a day. Ml'[qupoli'lun 9900 Will Take Your Order The Chesapeake & Potomac Telephone Company (Bell System) 1883 —1933 Celebrating Fifty Years of Te ephone Progress “Open House” will be held tonight, 7 to 10 p.m. at the Georgia Central Office 926 Gallatin Street N.W. and every night this week at the Display and Leng Distance Rooms 725-27 13th Street N. W, he explained. “To some of it, it is vigorously and unalterably opposed upon the grounds that it violates every sound economic principle as well as the letter and spirit of the Constitution, and is subversive of the institutions of this Republic.” He sald the Republicans hoped “these experiments will prove equal to the hopes of the President, who pro- them,” but added that only time ‘would determine whether they were se. CITY TICKET OFFICE, 15th & K Sts. N. W. National 1465-6 SOU RAILWAY Will Fete Church Group. ARLINGTON COUNTY, Va. 'June 26 (Special).—Mrs. J. Earl Smith will aatertain Circle D of the Women's Mis- sionary Soclety of the Clarendon Pres- byterian Church this evening at 8 o'clock. Enjoy s Short Vacation - o Greensboro, N. C. . Memphls, Tenn. ... Nashville, Temn. ... New Orleans, La.. Raleigh, N, C........ Proportionate fares to other points One Cent per mile for each mile traveled Lowest Cost and Minimum Loss DEPOT TICKET OFFICE Union Station NAtional 27 ERN SYSTEM IM DRIVING SIX CYLINDER “I Figured I'd Get More Fun and More Value from Plymouth” 'HANK YOU, Mr. Abrams! We wish every car buyer would buy as you did «..after actually driving all three low- priced cars ... as well as some that cost a whole lot more! That kind of test shows you how much smoother patented Floating Power engine mountings make a car! It gives you a cMance to compare com- fort...and room...and driving ease. You can even measure the gas you use on your test run...and compare economy. There are a lot of things to #z/k about in the Standard Plymouth. Safety-steel bodies « .. 70-horsepower L-head engine . . . hy- draulic brakes big, roomy bodies. The fact that it’s a six at the price of a four. What we want you to do is see those things for yourself! Trust your own experi- ence! Drive it . . . and drive others! That’s the way to buy cars today! Won’t you ask your dealer to give you a rideina Standard Plymouth ? You won’t be asked to buy if you’re not completely convinced. Priced as Low as the Lowest Standard Plymouth Six with Floating Power engine mountings, hydraulic brakes, safety-steel body, Duplate Safety Plate Glass optional at slight extra cost. 2-door sedan, $465; 4-door sedan, $510; rumble seat coupe, $485; business coupe, $445. All prices F.O. B. Factory, Detroit, and sub- jecttochangewithoutnotice.Lowdelivered prices. . SEE PLYMOUTH AT CHRYSLER MOTORS BUILDING, CHICAGO CENTURY OF PROGRESS “I'm a business man fun :;; and value g “We're old Plymouth users, 50 that Plymouth ad was like fresh news about an old friend.” Entire Broadway Cast WMAL at 7:30 em. Eastern Standard Time Every Monday, Wednesday and Friday Presented by FEEN-A-MINT i like new . . . The Best Show in Town Tonite Potash and Perimutter if you know about CREO-DIPT BRUSHCOAT STAINS HOSE faded, unsightly shingles. Creo-Dipt Brushcoat Stains make them like new . . . even better than new. Mary shades of gray, green, brown, red and blue. Also the famous Dixie White for stucco and stone as well as shingles. Creo-Dipt Stains are quickly, easily ap- plied. They are' made.by the makers of Creo-Dipt Stained Shingles . . . widely known for their lasting colors and resist- ance to weather. Phone us today for free color chart and full information. HUGHREILLY CO. Established 1888 PAINTS—GLASS “Ride to Reilly’s”—FREE Parking at Capital Garage 1334 New York Ave. and CLARENDON, VA. sl ez “We had looked at several higher-priced cars «« « but we went to see the Plymouth anyway.” : i ” 4 poor Sepan B ) k “T was amazed to find the Standard Plymouth actuallyout-performed other more costly cars.” : price, . 0. B. Qotrolt; s ; and figure things out from the dollars and cents mndpoi:;!. Wh;n 1 Md Plymouth n;ngfins:it: co;;efi(ors, 1 figured I'dhg:td: lot more by sticking to Plymouth: Mrs. Abrams voted for a Standard Plymouth, t00 : : ; So now we've got ou fifth Plymouth in the Abrams garage!™ NEW PLYMOUTH SIX 445 AND UPF. O. B. FACTORY, DETROIT « SOLD BY DODGE, DESOTO & CHRYSLER DEALERS