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Newspaper
The Peoples Voice
Location
Cincinnati, Ohio, United States of America
Date
Jun 04, 1935
Page
4
A writer argues the NIRA decision shifts power to state governments and outlines a four percent land tax plan in Ohio. The piece contrasts federal overreach with fiscal reform, urging taxation focused on land values to reduce wealth concentration and support local governance.
The Philadelphia Record endorses immediate payment of the Patman bonus and advocates greenbacks as the best method. It argues the veto preserves losses for veterans and urges using two billion purchasing power now to lift the nation from low mood, warning against bond-based funding and deflation.
New York David A Reed a long time Republican senator from Pennsylvania calls for abandoning party labels and forming a united conservative party. He advocates uniting sane Americans across past party lines to support sound candidates on a pure platform. The speech aims to energize a drive to couple conservative Democrats with traditional Republicans to oppose Roosevelt in 1936 following Mark Sullivan's fusion proposal.
A Senate Interstate Commerce Committee review trims the Wheeler-Reyburn utility holding bill. The softened plan extends dissolution to 1942 and lets the SEC decide holding status, with broad exemptions for intrastate and primarily operating companies. Critics warn over vague terms like predominantly and primarily.
The Senate approved a bill requiring all paid persons seeking to influence legislation to register. It mandates quarterly reports of receipts and disbursements to the Federal Trade Commission or Congress, and now moves to the House for consideration.
Joseph Schechter head of a Brooklyn poultry company that challenged the NRA codes says the Supreme Court decision matters less than the cost of the fight. He notes the legal bill reached $60,000 with $22,000 already paid and laments losing markets and falling weekly business from $20,000 to about $2,000–$3,000 as strikes hit consumer demand.
The text questions Moody's holding company designation for Cities Service and notes a shift in wording by a company pressuring the image of being non-holding. It argues that Moody's may misclassify firms while the 8. E. C. dismisses Moody's authority.
In New York a department store and many tobacco shops cut cigarette prices to 11 cents a pack, with cartons priced as low as 1.10. The drop equates to a net 3 cent reduction per pack as retailers begin price cutting despite NRA restrictions. A wave of liquor price cuts followed the code abandonment.
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