Show news review of current events the world over lau made acting 0 treasury head woodin woo din on indefinite leave president on relief and employ ment soviet recognition neo negotiations by EDWARD W PICKARD 41 S SOUND money advocates were rather dismayed though perhaps not surprised by the sudden shin shift of treasury officials that has taken place in washl vl VI n J g t 0 n secretary woodin still suffering from the throat affection that has troubled him all year abw ltv sought to resign but I 1 president roosevelt kz instead gare care him blin an I 1 0 A 7 o indefinite leave of absence dean acheson I 1 then at the presidents alt request resigned as underscore henry mor arry y of the treasury gen thau jr and henry py jr was w as appointed to succeed him thus becoming actual head of the department during mr goodins Woo Wo dlos absence the inference drawn and it is inescapable Is that now the treasury will be dominated by inflationary policies designed to raise prices tor for the benefit of the farmer mr long a close clos e friend and adviser of mr roosevelt Is one ot of the cornell university group grou p that includes include prof george r warren coauthor of the gold buying pla plan n so far as known mr has never advocated currency inflation via the printing press As governor of the farm credit administration he be has been more conservative than many farm leaders would have liked him to be ills main concern bowsier bo bodei weier er Is for agriculture and ills his associations soc lations are with men who have developed radical and inflationary ideas tor for meeting present conditions the new undersecretary Is a farmer and a farm publisher lie he owns a large fruit and dairy farm in dutchess county new york where here he be specializes in raising pure bred holstein cuttle and red mackintosh apples ile he became became interested in agriculture as a boy when he be spent considerable time on ranches in the west on graduation from high school he attended the agricultural college of cornell ucher sity to equip himself for scientific farming during the world war he served as a lieutenant junior grade in the navy nis HIS father was chairman ot of the finance committee of the democratic national committee during wil sons first term and held numerous diplomatic posts including ambassador to turkey mr Ach esons retirement according to observers in the national capital Is likely to be followed before long by the resignations of others not in accord with ill tile the gold purchase scheme these including prof 0 M W sprague financial adviser of the treasury trea sury director of the budget lewis douglas and gov eugene black of the jeweral federal reserve board mr wooden announced that he be would go to arizona in search of renewed health and that he would accept no salary from the government during his leave of absence the belief Is general that he never will return to his post GOVERNORS mayors and relief administrators in large numbers gathered in washington to pledge assistance si in the governments drive to put persons back to work within a month and president roosevelt told them that relief of the needy must not be made a political football said he be your national government Is not trying to gain advantage one way or the other out of 0 the needs for human relief we expect the same spirit on the part of every governor of the 48 49 states and we expect the same spirit on the part of the mayors and relief administrators we would like to have a rule that everyone associated with relief work woric never ask whether a person needing assistance be democrats republicans socialists or anything else mr roosevelt described his gigantic employment venture which will be engineered by harry L hopkins relief administrator as a partnership between the united states the states and local governments in which a all tire are expected to do their share the effort we now are engaged in he said is to put people on the job so that we can bo honestly nestly say this winter Is not going to be like last winter or the winter before at least half of the OW are now on what we call a dole when people are on a dole something happens to them mentally the sooner we can take aben off the dole the better off we will be expenditure of tor for the work projects on which the will be engaged tile the president said would not add to the financial burden of the country we ve are going to take this a money out of tin the public works fund but it means putt putting lilg the money to good use mr roosevelt explained D to to give the monetary plin plan of i professors warron warren ind rogers a t full chalice to work out tile president art klant it was staled slated au authora thorl nill nut not change his fats policy at irr im orif li it fails lie stands ready read to turn to devaluation of the dollar and return to the gold standard in its first three weeks the program of buying gold at premium prices nt at home and abroad raised the price of gold considerably and the sponsors of the plan assert it also has been responsible for the rise of 41 per cent in commodity prices the committee for the nation whose ideas ore are largely embodied in the present monetary program now has a rival organization known as the committee on monetary policy it was form cd by ag business and industrial leaders of chicago who indorse the stand recently taken by a group of midwestern mid western university professors against tinkering with the monetary unit the new committee thus sets forth its policy 1 I 1 recovery can be achieved only through an increased volume of business which increases wages and the whole national income 2 the fundamental condition for an increased increased volume of business to 13 confidence in the dollar and in the national credit and a reasonable expectation Pec tation of profit for individual enterprise in industry in trade and in agriculture ri 3 confidence in the dollar and in the national credit demands that currency experimentation be abandoned and that depreciation of the currency curr eucy be stopped before it gets out of hand 4 A higher price level Is desi desirable rable only if accompanied by increased income for farmers wage earners and business men bl big and little lettle and this cannot be achieved ed by manipulation of our currency 5 further depreciation of the dollar dellar by government action is the road to printing press money which means the further disorganization of agriculture and industrial product production lo and the ultimate impoverishment of the nation of its wage earners its farmers and of every individual citizen debtor and creditor alike ft 11 an announced determination t to 0 return to a fixed died gold standard giving effect to current needs and experience Is indispensable to elimination of uncertainty and to the restoration atlon of confidence in tile the dollar WITH ITH the earnest not to say eager assistance of william bul lift special assistant secretary of state for russian affairs the conversations leading up to recognition of the soviet government proceeded in washington but I 1 ut because the te matter was so complicated and because president RooF roosevelt evelt insisted on discussing ewt with ith SI 11 lievi litvinov nor the tSO Tl issues previously cov 6 ered in the state department part ment by C bullett secretary william phillips the negotiations went into another week tile the expectation was that they hey would be concluded before the president derit left washington for ills his thanks thanksgiving ring holiday in georgia but mr air bullitt said that wyle while this was possible the business antt take longer it appeared mr roosevelt was not satisfied to let the matter ot of economic relations and the question of the russian debt to americans go over until after formal recognition senator ri D hatfield of west virginia ginia one of the few republican senators who has been bold enough to attack the also has come out strongly against the recognition of soviet russia but rather ridiculously he be bases his objection mainly on the ground that the russian communists are atheists further on in his argument the senator becomes more rational saying Is our trade with alth russia to be financed by the american government if so what are they going to pay us with are they to pay us ua in goods then that means displacement of so many americans from froin present and future jobs are they to t pay us with money obtained from exports to other riat nations ions it if so then they displace by so much our exports that formerly went into these markets PRESIDENT RESIDENT ROOSEVELT left the capital for his thanksgiving holiday at warm springs ga and ambassador sumner welles came up from havana to tell ell him personally about developments in cuba though many of president grails crays supporters are bitterly opposed to mr welles and sell senator william n H king of utah ling has asked the state department to withdraw him from his post it seems certain that the ambassador will remain there indefinitely DWARD N nurley nUR IrY an eminent E EDWARD manufacturer and financier in ancier of chicago who ho was chairman of the united states shipping board during the war died suddenly of leukemia complicated coll ifill by pneumonia william K X vanderbilt III one of the count rys wealthiest young joling men was killed in an automobile accident in south carolina as he was on his way from to visit ills hla mother in new kew york G responded nobly to thoi th demands of chancellor etler for support of 0 his foreign policies nearly forty three and one half million persons persona or PG 00 per cent of the electorate went to the polls and of this vast number only a few moro more than two million voted no to the question submitted to the plebiscite 1 I do you approve the policy of your government and are arc you ready to recognize it as an expression of your own view and your own will and solemnly pledge yourself to it the voters elected members of 0 the new reichstag and all of them had been picked by hitler but this was not remarkable since no name not so selected was permitted on the ballots nazi agents throughout the count country ry worked hard to get out every vote and their success was extraordinary R U representative DICKSTEIN ot if iv new york and his house committee on immigration and naturalization arrived in washington and began their investigation of alleged nazi activities in the united states G lERl ERMANY fANY having baling taken itself J out of the disarmament conference italy now announces it will participate as an observer merely and the hungary effectives committee says it will maintain a like attitude moreover italy declares it ignores everything approved by the great powers since july 15 when germany accepted the original macdonald plans as a basis for discussion this includes the london and paris agreements and the plan which sir john simon offered the day germany left the league of nations observers in geneva were forced to the conclusion that the disarmament conference in its present form was doomed to failure interesting whether true or not I 1 interesting was a copyright story in the new york dally daily news to the effect that al smiths visit with president roosevelt nt at the white house concerned these shifts and appointments designed to overcome the advantage gained by the in the new york election 1 resignation of Will william farn n H woodin as secretary of the treasury and the appointment of john J raskob as his successor 2 resignation of jesse isidor straus as united states ambassador to france and appointment of united states senator royal S copeland as his successor 3 appointment by governor lehman of al smith as senator to take copelande Cop elands place 4 designation of rost postmaster master general james A parley farley as the next democratic candidate for governor ot of new york GREAT BRITAIN Is alarmed by the naval building programs ot of the united states and japan and the government announced in the house of commons that it intends to build larger warships within the limits ot of the naval treaty of 1930 1030 W NORRIS tile the veteran GEORGE senator from nebraska has had to stand for lots of abuse in the past because of his big determined advocacy of policies that suit others but of late he be Is coming into his own on the campus of the university ot of illinois at urbana the other day he received 24 from the hands of governor horner the 1933 cardinal newman medal which Is presented annually to some american who senator norris nonh has distinguished himself by contributions in the field of 0 statesmanship education philanthropy or humanitarianism senator norris was given the medal because of bolis his contributions in human welfare in n the field of statesmanship for almost halt half a century state representative david shanahan read the citation as on all previous occasions and addresses in laudation of sir mr norris and his deeds were made by united states senators james hamilton lewis and W U H Dle dieterich previous recipients of the cardinal newman medal have been francis J lewis chicago david kinley president emeritus of the university of illinois patrick henry callahan louisville ky kr and frank R B kellogg st paul former secretary of state GENERAL JOHN R C controller mccarl one of the most powerful and independent officials of the government ern ment got into the headlines twice within a few days first he put an end to the boycott against menry henry ford by informing the secretaries of 0 agriculture and commerce that bids on equipment by ford dealers must be received this decision was held to bo be broad enough to forestall further attempts to keep government business away from dissenters to the so long as the latter comply with the terms of the codes the controller general pointed out that nothing in the national industrial recovery act and nothing in the code for the automobile manufacturing companies requires that units of the industry must sign anything A day or two later mr mccarl ruled that william E humphrey deposed federal trade commissioner no longer Is entitled to the salary of that office despite his claims that he Is still commissioner miss loner salary in the amount of covering the period october 27 to 31 1033 1933 was ordered paid to george C matthews who was appointed by president roosevelt to replace humphrey Q i 1931 1033 western newspaper U balao |