SIDE GLANCES . COPK. 13 BV NEA SEftVICt, WC."T E8 U WT. 'You gotta admit the new up this National PRESENTING NEWS WASHINGTON By Ray Tucker LEADERSHIP Herbert Hoover's role in backing Tom Dewey, never before revealed shows how deeply the former president depends on the young New Yorker to drive the Roosevelts out of the White House. When Dewey began his campaign for governor last fall he could not obtain enough money to pay his office staff at headquarters. The check boys buttoned their pockets because of his supposed close association with National Committeeman Kenneth F. Simpson, whose negotiation of an alliance with the American Labor party had terrified them. Dewey could not afford to repudiate Simpson openly, although there is no love lost between the two. Dewey and most New York liberals share .his viewpoint does not regard the national committeeman as a real liberal. Neither does Mavor LaGuardia. With funds so low that it appeared as if Dewey would lose by default, Hoover gathered a score of wealthy Republicans in his room at a New York hotel. He insisted that Dewey was the hope of the party for 1940, and demanded that they waive personal feelings and prejudices and support him politically and financially. In response to an exhibition of party leadership spirit Hoover rarely chose to show in the White House, they did. The only contribution Dewey did not accept smart boy was a $2,000 kick-in from one of the duPont family. ; CHECKUP Radical changes in laws affecting corporate accountancy systems and setups may result from the government's protracted investigation of the great Coster swindle. Former SEC Chairman Douglas and D. of J. experts are cooperating closely in preparation of legislation on the subject ACREAGE 94 $10.00 DOWN $6.50 per month buys this fine level acre of garden soil. Shallow water district. Total price only $17o. 05- ANGLE REALTY CO., INC. 410 North 4th Ave. Phone 5060 MUST sell, 5 acres norttheas.t-nnwa?J' and electricity available. $600. 4 acres Amphitheatre district, $lo per acre. Phone owner 2o26-W. . By George Clark 4-17 OFT. chief of police has cleaned city." Whirligig BEHIND THE NEWS Major reform would, require certified public accountants to make a regular and detailed "spot check" of inventories listed by them or the reporting corporation as assets, numerous corporation executives have informed investigators that they could not swear to the inventories which they submit to accounting agents. An Oklahoma oil man told D. of J. representatives that, although his company borrows money on oil stored in thousands of tanks, there has never been an actual physical examination of the tanks. "Could you swear now that the oil was there?" he was asked. "No," he admitted. Another change under consideration would provide that officials of a company should not sit on the board of directors.' That would admittedly work a great hardship, but the Coster affair has convinced SEC-ers that the board should function as an independent outside checkup agency. As SEC chairman, William O. Douglas long advocated this reform. The post-mortem Coster inquiry convinces him he was righter than he knew. STRATEGY The reduced Democratic .majority in the Chicago mayoralty election from more than 600,000 in 1935 to less than 200,000 in 1939 has prodded New Dealers into demanding generous relief for the farmers, even though it means a repudiation of their ancient prejudice against subsidies, dumping and raids on the treasury. Democratic strategists here are deeply disappointed over the results in the Windy City, as they study the ward-by-ward vote. They had figured that they would sweep the cities in 1940, hold their own in the normally Republican rural districts and squeeze .through again. But the Chicago test proved that unless they can improve their position in the agricultural areas, they are gone. Detailed analysis indicates that, on the basis of the Kelly-Green vote, they would lose such electorally pivotal states as New York, Pennsylvania, Illinois, Ohio and Indiana, And how that would hurt! Those states have 150 electoral votes. At a private pow-wow on farm and political problems a Demo- cratic strategist said it all in a few words: "We have got to increase farm income, keep the folks happy, even if we have to bankrupt the treasury." PROTECTIVE Humanitarian proposals designed to succor European refugees will fail, of passage at this session of congress. Not even the Wagner-Rogers act to admit 10,000 children below fifteen outside the quota will be enacted. The 76th American congress is overwhelmingly nationalistic and materialistic. Tremendous pressure has been brought by educators, social welfare workers and politicos to let down the immigration bars in the present crisis. F.D.R. privately favors such a gesture, though he doesn't dare to publicize his attitude. But with 10,000,000-plus unemployed, the boys and girls on Capitol Hill are in no mood to increase the workless surplus. Discussing the proposal to admit refugee children under fifteen, one key legislator remarked somewhat callously: "Sure, they're kids now, but they're going to grow up and compete for jobs with American youngsters getting out of high schools and colleges." The state department has learned confidently that other countries, especially prospective South American havens, take the same attitude. The world-wide motto these days is that "Charity begins at home.' So, rightly or wrongly, it just looks too bad for Europe's downtrodden insofar as escape to the western hemisphere is concerned. GENEROSITY America's financial experts both treasury and federal reserve are beginning to feel deep concern over the "gold rush" which has made Uncle Sam the sucker possessor of almost 60 per cent of the world's supply of the once precious metal. Messrs. Morgenthau and Eccles used to pooh-pooh suggestions that the United States might eventually hold an empty gold bag. Proceeding on the conventional economic theory that gold was the basic measure of wealth they welcomed each shipment as proof of this country's superior economic position. But now they begin to suspect that nations organized on a socialistic or a fascists basis can dispense officially with gold as a basic support for their currency; then can, as Hitler has apparently done, resort to internal regulation and , management of money, raw materials, exports. Now the countries which have turned away from gold include Russia (she is selling it at a huge profit to the U.S.), Germany, Italy, Japan and Spain. Great Britain, France and the United States have a near-corner on the yellow metal perhaps 80 per cent of the world total. It sounds fantastic, but one of these days -those nations may repudiate gold entirely and thank Uncle . Sam , for the buggyride! UNTOUCHABLE It's .too bad that Herr Hitler and II Duce didn't see the parade of Uncle Sam's armed , forces on Army Day at Washington. Toward the end of the line of march several "baby tanks" did their stuff. Their 'chauffeurs cut loose and their military monsters raced down Constitution avenue at more than 40 miles an hour. Overhead several of our newest planes swept the skies at a speed close to 400 miles an hour. "Europe," confided a member of the army's general staff, "has nothing to touch these babies." TRAINS 'HELD UP' AS PUBLICITY GAG DOUGLAS, Ariz., April 16. (JP) A gang of bewhiskered westerners "held up" and momentarily terrorized passengers on three of the Southern Pacific's transcontinental trains near here today. But it was only a publicity stunt for Douglas' boosters rodeo next month. Observers said it required considerable assurance from the "bandits" to convince some passengers that it wasn't the real thing. The trains boarded by the "hold up" men were the westbound Cali-
