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Show i I ! LEHI FREE PRESS, LEW, UTAH i SEEN- -' HEARD around th CARTER thfSJ0'11 , National Capital --n. GID DAP! nEL- D- President Roosevelt Is on the question of the adamant natal ratio for the United Stales, Great will be no Britain and Japan. There insistence on yielding to Japanese U concerned. go far as this country If japan insists on increasing her ratio, will reluctantly the American delegates the treaty to jail for home, permitting WasliiBfe-tu- tUmaa Probability reduced the cold """" OUR COMIC SECTION L' cents, Lriuun would at once put Pound sufficiently to Inch would Clrtin putxl down about 45 cents in ter tor tU j 3 be abrogated. But the next step will be that the United states will proceed to maintain nt least the present differential by to just that extent any building program Japan may attempt That Is gay, the White House would recommend to congress such appropriations would he necessary to accomplish 0 is that This would not come immediately, onless Japan actually broke faltb by starting to build before the expiration notice that the treaty the be must given before modi provides It so happens lying any section of that Franklin D. Roosevelt is perfectly He familiar with the naval situation. has never lost the interest he acquired during the period of nearly eight years These reductions In value of the pound and dollar, the gold bloc sentatives told Mr. Roosevelt, reprewould force similar action on the of part tueir countries. Events in the Lives of Little Men Might Cause Trouble I .. It Is not a question of protecting their gld. That could easily be done by other meaiis. But the trouble would be that such a lowering of values of the currencies of their chief tors in world markets wouldcompetiforce them to reduce their own producton costs. Klse they would not be able to export any product which is also produced in the United States or Great Britain. This Is nothing new, as a matter of fact At the time the United States went off gold, the French told Mr. Hoosevelt they could stand a depreciit ation of the gold value of the dollar down to a certain point but if It went to 50 cents they would be very reluctantly obliged to reduce again the gold value of the franc. te wag assistant secretary of the navy The case applies with greater force Also, It so happens that he has a great to Italy, and is further magnified when many friends among the high naval of- applied to Switzerland and Belgium. ficers. Most of them were Juniors when France Is more self and supporting be was in the department and they than any other nation tohis ear in no trouble finding tare In the gold bloc. Italy Is obliged to day. And It is quite a sympathetic ear. do a great deal of and even exporting, One visitor noticed recently a map then an unfavorable struggle against on the wall of one of his rooms show balance of trade. With the value of Ing the Far Bast Japan and the man the dollar reduced further, she visualdated Islands, which she denies she is izes a much smaller amount of Italian fortifying, but will not allow our ships goods bought In America. to visit and the Philippines. The point Is that this administration Comedy of Errors does not believe Japan needs for deA fensive purposes anything like as large comedy of errors has characterized a navy as the United States or Great the relentless march of the adminisBritain, Any war which could possitration toward more control bly be Imagined between the United by the President and secretary of the States and Japan would be fought, in treasury over the federal reserve the opinion of naval experts of all board and comptroller's office. There Pacific. seems little doubt that Roosevelt and countries, in the western Which means that the American fleet Morgenthau will accomplish their purwould arrive at the scene of action aftpose In the long run, but the slip-up- s er a very long Journey, with no fortifare amusing certain Insiders. ied base from which to operate and The errors all center around replacet which to take on supplies, and, even ing Comptroller of the Currency J. F. more Important, subject to possible T. O'Connor, former law partner of losses en route from air and submarine Senator William Gihbs McAdoo and beattack. Even the little question of the fore that Democratic candidate for bottoms of the ships being slightly of North Dakota. fouled would detract enough from their O'Connor simply could not see why he should do what Morgenthau comspeed In maneuvering in battle to become highly Important manded, either as a member of the reserve board, or In running the naU. S. Will Not Yield tional bank examiners of the country. He could not be removed out of hand, Another point on which the Ameriso to speak, for several reasons. He can delegation at London is not going had been duly appointed by the Presito yield is one made by both the Japdent and confirmed by the senate. anese and British. This Is the eliminatSo O'Connor had to be "kicked upion of guns for cruisers. Amer- stairs." Morgenthau decided to have ica Insists upon guns. Japan him elected federal agent for the Reand Britain want the size limited to serve bank of San Francisco, a position which would not only take him Answer the British and Japanese back to his adopted state, but would both have any number of fast mergive him twice the salary he draws chant ships actually constructed with a as comptroller. view to mounting guns. Such a Two members of the federal reserve ship would be helpless before a cruiser board, Adolph C Miller and M. S. carrying guns, but could give a Scymczak, Journeyed out to San Francruiser armed with the same sized guns cisco to look Into the situation. They a fair battle. Which means that if the found the bankers on the coast were caliber were reduced to guns for very anxious to have Judge Wilson Mcall cruisers the British and Japanese Carthy of Salt Lake City, former memwould start with a tremendous superiber of the Reconstruction Finance corority. made reserve agent They It Is highly Important to realize, In poration, also found that the bankers did not considering these London discussions want O'Connor. on naval armament, that the American delegation has no positive orders to A Comic Note arrive at an agreement At only one prior naval conference was this the So, when Secretary Morgenthau atcase-- the last one at London, And tended personally a reserve board that was the only time that our dele- meeting, and proposed the name of gates were enabled to refuse to accede O'Connor for the reserve agent at the to foreign demands. Which may be San Francisco vacancy, there was a the reason for the saying that has be- division. come a byword The vote stood three to three, as folthat the United States never lost a war or won a conference. lows: It may be of some Interest to note at For O'Connor: Morgenthau, Charles this time that at the other confer- S. Hamlin, and J. J. Thomas. only ence where our and delegates did not have Against: Miller, Szymczak, orders to reach an agreement, Mr. George R. James. Roosevelt was also President Which So Morgenthau was temporarily interesting as showing his realizatstalemated. It was at this point in the ion of the situation, and of his situation, it may interest some bankers willingness to take the only steps which naval to know, that the impression was given officers insist very strongly to certain news agencies Japan understands. the administration might turn to that Gold Content Stands a central bank. In short, that if It could not control the federal reserve President Roosevelt, though making existboard, It would legislate It out of no promises, has been so impressed that something substitute and ence with the arguments of representatives could be controlled. the gold bloc countries of Europe But pressure was brought to bear that there Is little likelihood of any in one direction and another, and Just farther devaluation of the gold content recently there was another vote, by the f the dollar for gome time to come. same six men. This time it was five to He still retains the power to devalue one for O'Connor, the only man to hold t 9 cents further, in gold, to the 50 out to the bitter end being Aloph Milcent limit imposed by congress. this power, it is almost certain, ler. Which Is another phase of the commi not be exercised in the near future. has Just been edy of errors. For Miller be held as a reserve weapon reappointed a member of the board, his Wlnst any y possibility of things not term having recently expired. So ng the way the administration one had assumed that he would nPes, either In international or domesvote as the appointing power desired. tic affairs. received his Apparently, however, he ttJhp presldent was told bluntly by reappointment with no strings binding . vvuumcg OLUl VU LUC him to vote as directed. Which would Ja 8iandnrl-Ita- ly, France, Swltzer- - trouble the administration a great deal r,"u; "ei8ium and Holland that if the more if it had not been able to perunited State .u suade Szymczak and James to chang "cents authorized by law they will their votes. u" alternative as to their course, The final comic note came whei reryone of them would be compelled O'Connor hesitated about taking this has - " """ I i, mneucy mruier. new place. As this is written he f,.t tl P'nted out that despite the not accepted nor promised to do no. at BrltalD and the CnIted he knows he can Ktato Cynics remark that have enna nrr he hold on to his present Job, but that continues in terms of pounds could be removed from the better pay-ini- r Utl ,? and dollar8-- A1o that Britain a moment! ISa? San Francisco Job on l"aa given every Indication of assurances written So keeping notice. maybe fa! to be given. meth!ng like the presrate of exchange with the dollar. will have I OoprrUht WNO Srlo .. - .. v- - - t'j H:'H!J.- - How did you come out on th bora race yesterday?" Oh ; I broke even. How about youl "I'm even broke." vT,i Fint Aid "Oh, Martha," the Uttl girl called from the pringhouse to the dairymaid. there's a mouse iwimmin' round la the blggeBt pan of milk." "Goodness," said Martha, "did yoi n take It .7,1 . VX KZ -- In outr "No," said tha little girl, "I throwad th cat" two-year- s' Real Ability? "Why do you regard Einstein th most able of iclentiitar "He stopped all argument," anawtrad Mlsa Cayenne, "by announcing at th outset that be was the only person who would understand the things he was going to talk about" Cti.WTOOX. 6DLVMUS 1 OVER THREE MOUTHS TOCR0SS Tfie ATIANTjC : i XX A if it WtmCAl - s- Ft Not Too Canarovt Mother Tour Uncla Angus has sent you a postal order for 73 cants from Australia to buy yourself something foe your twenty-flrs- t birthday, darling. Daughter (ungratefully) Goodness! So far and yet so near. Stray Storias Magazine. WA Yr Take Pick Mrs. Da Fashion (at the Children's Party) Marguerite I Nursemaid Yes, madam? Mrs. De Fashion It's time for as to go home. Which of these children Is mine. Pearson's Weekly. air-tig- FINNEY OF THE FORCE HELP! "t: , ire Oai I Jutt the Type Motorist I want a chauffeur who, can think quickly In an emergency. Applicant That's me, sir I I never smashed a car yet that I couldn't think up an A-- l excuse In five seconds, Equally Suspected NMHatSA V6 VZZti HELP ! i FIFTY-FIFT- Y gov-ern- or El teiu 11 i fAW M WHQT I Ji t f ls itf 1 " I ri I J VMIV I ARE THE OWLY 'r. vSSkvVJ l "Here's a prominent woman giving bachelors an awful calling down." "That's ' right. We married men oughtn't to get all the lecturing." - fOWJB PoLLARS PISCOVEREP I ' WAL - WOW WHY PONT EACH O' YSZ FUT 5ACIC WAS CMECKiMCr HE PAY'S RECEIPTS 1 NOW-Trl- Kl- L Poor Girl Friend Why did you dismiss your stenographer? Business Man AW IT C . e ' OMES f I t IHt HO HANUUtr s-- r slow Economy "Are you studying political "Yes," answered Senator aeon-omy- ?" Sorghum. "It's absolutely necessary to do something to hold down campaign sxi penses." Man 3i : Rolling Stock THE FEATHERHEADS I - i JiUilllWiW mnM?!Jl MWJyM flfr NOT PoTriEREP NO-I- 'M Hitch-hike1 I I ( ixIwaUtfKsr riisr par rs SICS4 ,M THE pofrGONE! SOME THlMG-JS,5 THB MATTER rWHAT CAR. J ' ) L TH,S wtavi" WlKlDSHlELP Xp0r pj W1TH THIS Jut A Good Have you ever seen a prlta-figh- t? Neighbor No, never, but I one looked In on one of my wife's after- noon bridge parties. ( Perm clever J 7 I p'sosHl WAL, COME. OUT They Know "How many people," a novellat wonders, "know exactly how many relatives they possess." All thoBe who have won big sweepstake prizes. London Humorist Magazine. , J Encouraging Johnnie "I don't think the man upstairs likes Johnnie to play bis drum." "Why?" "Well, this afternoon he gave Johnnie a knife and asked him If he knew what was Inside the drum." jr er-er- s g I HEAR ou THAT thuMPI J if I OH. THAT5 TUST A MR. WATgRMELOM SAVE wi. innnnni 1 |