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Newspaper
The Peoples Voice
Location
Cincinnati, Ohio, United States of America
Date
May 07, 1935
Page
3
Liberals nationwide praise a rift between President Roosevelt and the U S Chamber of Commerce as the White House faces pressure to return to a leftward stance. Key advisers once nudging moderation now confront a reshaped balance with big business and liberal factions.
President Roosevelt says the United States Chamber of Commerce and similar business groups misrepresent the views of most American business men. He asserts they do not reflect prevailing business opinions.
In Washington Senators defend Rev. Charles E. Coughlin against anti-lynching foes. Senator Neely blasts Southern filibusters over blocking the bill and targets Sen. Bailey. Long joins with biblical trappings while questioning church leaders linked to political sermons.
The Securities Commission bill shines on executive pay with Thomas J. Watson of International Business Machines leading in 1934 with a $365,348 salary plus profit sharing. Others earning six figures include Crawford of Jones & McLaughlin and E R Crawford of McKeesport Tin Plate, with a broader list featuring executives from United States Rubber, Owens-Illinois, Standard Oil of Indiana, and more.
The Supreme Court will decide the New York chicken code case likely by late May or early June. Predictions favor a 5-4 decision in favor of the administration, with Congress able to act to conform laws to the ruling.
Secretary of Agriculture Henry Wallace will speak in Louisiana on May 11 addressing farmers at Alexandria. The speech may tackle Huey P. Long and policy questions, with observers awaiting his stance on the political climate.
Washington. The Senate battle over the bonus bill grows clear as the Harrison amendment to withhold full payment is seen as doomed. The Vinson plan would authorize but not fund the payment, while Patman forces push for full soldier compensation and oppose government money issuance.
Senator Huey Long claims President Roosevelt will not veto the bonus bill. He says Roosevelt is a candidate for reelection and notes he believes the President will approve the measure. Long asserts he did not receive information from administration circles.
Washington reports that big business, led by the Chamber of Commerce, attacks the administration’s banking proposal, the NRA, and the five point program. Old age pensions are singled out as the main target, with liberals arguing the president has not gone far enough. Optimists urge more focus on people’s problems over further compromise.
Washington reports the Nye and war profits bill has Senate support. It proposes a 100 percent confiscatory tax in war time on personal incomes above 10 000, a graduated scale starting at 6 percent to 1 000, and even $500 incomes taxed. Corporations face a 50 percent levy on the first six percent of profits and 100 percent on profits over six percent. The bill aims to fund wartime costs by taking profits heavily.
Mellon, former secretary of the treasury under Coolidge and Hoover, charges Henry Morgenthau Jr. with interfering in justice by wiring government aid to influence his income tax case.
A playful observation questions the idea of crooked horses with a light tone. It hints that bettors and players often win or lose based on chance and skill, leaving outcomes unpredictable and the ride imperfect.
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