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...going to be raised." Always more docile than the Senate, the House Agricultural Committee voted (12-to-6) in favor of $30,000,000 drought loans for feed & seed after squashing a $60,000,000 proposal of Louisiana's Democratic Representative Aswell. His comment: "The crookedest, cheapest political action I've ever had thrust in my face. ... I thought I was dealing with honorable gentlemen." Meanwhile the G.O.P. moved to set up at Des Moines an "agricultural division" of its National Committee to try to win and hold the farm vote...
...Costs of Medical Care reminded the country last week. Original investigation occurred three years ago. Reasons for extravagance: 1) the family wants to show respect, satisfy conventions, or "impress the neighbors"; 2) the funeral industry is wasteful and unorganized. Funerals cost least in the South, most in the East. Cheapest are Orthodox Jewish funerals (a pit, a plain, loose casing), average cost...
Meanwhile, "broker's loans" were the lowest since Jan. 7, 1927, inventories were everywhere reported low, commodity prices rose slightly, a definite rise was reported in homebuilding, money continued cheapest since 1925 and total reported dividends paid by U. S. corporations were actually greater this year than last...
Secretary Mellon was no man to rest on these fiscal laurels. Interest on the public debt is a major item of Federal expense. To reduce that interest, to get the cheapest loans possible is the eternal duty of a vigilant Treasury Secretary. Therefore last week Secretary Mellon announced that his department would on March 15, recall $1,149,380,050 in Government obligations which normally would not mature for a year or more. The Treasury is now paying 3½% interest on these notes. Every banker knew that Secretary Mellon had recalled these issues with the expectation of refunding them...
Sugar (Cuban). House rate: 2.40? per lb. Senate rate: 2? per Ib. Chairman Hawley begged for a 2.40? per lb. duty: "Sugar is the cheapest food we have. This is an industry that needs protection and the additional cost (60? per family per year) is so small it won't be felt." When defeat loomed again, he again tried to compromise at 2.20? per lb. But the House, now thoroughly insurgent against top-notch rates, turned savagely upon bewildered Chairman Hawley, voted (229-to-160) for the low Senate rate, an increase of 24 100? per lb. over...