Show News NevIs Review of Current Eve Events Event 1 the World Over tT t 1 Senator Harrison Voices Demand for Monetary l ary In Inflation Inflation- Wallace Warns the Farmers Japans Farmers Japans Japan's Demands for Bigger er Navy B By EDWARD W W. PICK PICKARD ARD r B business men and many other persons especially southern politicians believe Inflation soon will willbe be here in full rull force The financiers v I are trying to guess J when and in what f form it will come f i i and the southern sena senators sen sen- tt a tors and congressmen congress t men are 11 urging l' l gin S g straight-out straight currency Inflation which latter 1 Roosevelt President has seemed desirous s of avoiding as Jon long longas i k t as possible Of course we already have a 8 aPat Senator degree of f inflation Pat Harrison shown by the declining I ing P prIce ce of the tIle dollar on foreign exchanges ex ex- changes changes-a hanges-a hanges a few days ago It reached the lowest level In fifty years but years but this IsI is I not Dot enough for the downright Great Grent pressure was being beim brought on the President the leaders in this tills being Senator Pat Harrison of Mississippi chairman of ot the senate finance committee Senator Fletcher of Florida of the banking and currency cur rency committee Senator Thomas of Oklahoma nn and Representative Byrns of Tennessee house majority leader lender Harrison predicted adoption of H i anew new administration monetary policy In the near future Indicating It would be In n full swing by October mid when the movement nt of cotton from the farms reaches Its peak If the administration does not act before congress meets he said congress con congress congress gress will compel adoption of an Inflationary policy and not lea leave ye It to th the discretion of the administration as was the case with the Thomas inflation amendment Declaring that the dollar is too high and the price of gold too low Jow the MIssissIppian proposed an inflation pro program program gram ram that would Include some or all alJ of these methods 1 Issue treasury y notes 2 Raise the price of gold In the domestic market 3 Purchase silver and Issue treasury treasury treas treas- ur ury notes a against It regardless whether er French and British operation co-operation could be obtained 4 Create a dollar stabilization fund to force the value of the dollar down and to keep I it there Washington correspondents said till the administration was planning panning to act In accord with a report from the Presidents Presidents President's dents dent's secretly appointed committee of monetary experts which Is opposed t to radical Inflation Its proposal is that about November 1 an agreement shall he bo sought between the federal reserve resen-e board and the central banks of or Europe for Cor the immediate stabilization cf American British French and German German Ger Ger- man currencies by a process of pegging peg ging ping them to one another The dollar dol dol- Jar lar would be he pegged le ed at a point between be be- between tween 70 and SO 80 cents President Roosevelt maintained silence si sl sl r hence lence on eu the matter of or Inflation but butr r was especially concerned about the welfare of the farmer fUlmer By y his direction thou tion the Reconstruction Finance cor corporation made available to the fed federal federal eral land banks another i to assist In the Immediate refinancing t. t of farm mortgages held by banks whose operations have been restricted c by hea heavy portfolios of such paper This step It was believed would help i E toward boosting prices for farm prod lice uce l A A J II Ton JOHNSON SON and L his laborers co-laborers finally succeeded In code for the bituminous J I pro producing n a l 4 m coal Industry that was accepted by all the operators except two small groups I and by the miners' miners unions and was approved by President Roosevelt The principal points In this code are Provides es for fixing of ot minimum r prices prescribes a n maximum j hour 40 hour l work week weel t Sets basic minimum wages for underground un un- underground workers volkers ranging from to In 10 16 districts Recognizes right Hof of ot miners miners' to or or- Creates regional and national boards to govern the Industry and settle labor disputes The sale of coal at less than fair market marlet prices Is forbidden and these prices are nrc to be determined by re region regional lon al nl marketing agencies and subject to government review re The fie labor pro provisions provisions provisions visions prescribed by the NHA ore art contained Intact In the code Also A Als 1 o the till workers are given the right to elect their own check and are not to bo he r required by their employers crr to live lI in company rented houses orto or orto orto to trade In company stores S PEAKING to the convention of the Grain and Feed Dealers Deniers National association in Chicago lI y f of Agriculture Wallace uttered thi- thi warn In Inn inc that all nU plans plains for fixing price p. ol ot agricultural n products iii must 1 t slit full unless I the law lacy of or supply lI and Is complied with l he It must wust control production anti and I if tf they do not even I will not ot save sac them He lIe said the production control measures already adopted b by bythe bythe the government such s a as the plowing under of cotton the curtailment of wheat acreage and the thc slaughter and total destruction of oC little pigs will hrin hiring bring about a substantial rise In agricultural prices soon after January If not before But this certainty the secretary a added had brought from front the farmers a n great reat cr cry for immediate price fixing to tide them thorn over oer the ensuing three or four months The general tenor of his bis remarks indicated that he was opposed opposed op op- pose posed to taking an any such action but that the go government eminent was standing at atthe atthe atthe the crossroads of economic policy ane and might have hae to listen to political nl clamor After conferring with the secretary of agriculture and the heads of the farm and relief administrations President Pres Pres- ident Roosevelt noose announced that the government go would spend to buy surplus food products and cotton cotton cot cot- ton and give ghe them to the need needy who are out of employment AS S SUCCESSOR to Prof Raymond lole l Moley in the position of assistant secretary of state President Roosevelt has turned to the ranks s of the morer more practical politicians r and selected Robert nobert 1 Walton Moore a man mati manof manof of 1 Jon long o n g e eI experience s J i Mr Ir r. r 1 a n native nati of oC Fairfax V Va a a. a where W he now resides and IP IR I I seventy four years cars old oM By profession he Is a i lawyer lie fie was vas elected elected elect elect- A ed to the SL Sixty sixth ty sixth 1 congress to fill out a vacancy nn and was reelected re- re R R. R W. W Moore elected to each mc sue- cee ln congress until the Seventy sec se ond He lie then retired to his home During the World war he was assistant assistant assistant assist assist- ant general counsel of the United States railroad administration lie is also a regent of the Smithsonian Institution In Washington Mr 11 Moore IC ore is an nn old friend of Secretary Secretary Secre Secre- tar tary of State tate Hull HnIt and presumably will be he able to act in accord with the secretary's s views better than did Professor Pro re fessor sm Mol Moley r R captured two more states stales New l Mexico Ic and Idaho these being the thirtieth and thirty thirty- first to turn thumbs down on tion B By November ember 7 eI eight ht other states will have voted and there J Jno is no reason to believe that the wets will fall fail to win twin in at least five of them them them- all aIt that Is necessary to remove the I Eighteenth i amendment from the Con Continued on page two In New Mexico the thc vote rote tuns about three to one In favor of repeal only I two of the thc 2 27 counties showing a majority ma in favor of the prohibition law low Idaho however was much closer the thedr dr drys s there making in n a showing of strength second only onh to that In Tennessee Th Tho r majority in Senator Borah's domain was only approximately ap nI proximately pro live five to four Attorn Attorney General Homer hairier Cummings s handed down clown n a decision in Washing Washington ton that permits bankers to f finance the wholesale manufacture of liquor preparatory to repeal the statesmen of WHILE and the time United States are preparing preparing pre pre- paring for reopening the thc disarmament conference there Is great groat interest inthe In Inthe Inthe the naval plans of I Japan laps n. n OsumI f naval minister ter of the thc M Island empire has announced an nn N m i that his country cOlin coun t try will seek seel a n revision re re- 1 vision of ratios at nt the t 0 next international conference con con- x ference so that Japan will he be permitted to V build nearly u up I m to ail parity with Great Grent Brit Brit- alt aln and United States Mineo Osumi He lIe holds that under present conditions the defense purpose purpose pur pur- pose Iose of the Japanese na navy Is Impaired Impair and that more warships hips are required d to protect the thc empire from outside mm attack Counteracting this somewhat are mc statements from Kola l the new foreign minister and apt Gumpei spokesman for fur the naval nasal mill min Time The former assorts ns that Japan Jwan Is striving tri in for time tho host It po possible relations re re- lations with nil all foreign nations especially espe espe- the tile United States China Cilina an 1 Russia Captain Sekino declares Japan has no intention of challenging AmerIca AmerIca America Amer Amer- ica to a naval building race although h hIt It will ask permission to construct a n larger larder navy The lime Japanese navy y Is defensive not ng aggressive e asserts Time The Japanese public does docs not want n a war We Wc want honorable co We Wedo Wedo do 10 not want to he be oppressed or dis graced No r happiness comes out of war Hut hat when pressed to the wall ve we will fight He deplores propaganda anda aimed at nt stirring up lIll trouble between Japan and the time United States There Is no real reason for a war between America and Japan sa says Sel ine but there are man many people who would like Bice to see such a n war I have read many hooks books and magazine articles th the tho alum aim of which seems to be beJo beJo Jo stir up bad relations between Japan and America I J hope the people of America will twill not be Ie misled IJ by p opa ganda JESSE TESSE ESSE 11 II JONES chairman of the J has told the bankers how the government through his corporation plans to gain complete control of the national hanks banks This will be obtained h by ownership of the preferred stock of the time banks and the time scheme envisages envisages en en- vl visages ages agents directing bank policies electing directors hiring and firing officers directors and employees ees setting their salaries limiting their real estate investments and In general directing the operations of banks ntH and civilians ci opposed to S SOLDIERS Ramon Grau San Martin as President President Pres Pres- ident of Cuba were reported to he be mobilizing to drive him from oll ollice ce and anti the new revolt was wasP momentarily expected P v y 1 to break out in lla lla- comma mila In Iii other oilier parts l r of the Island the opS oppositionists opt op op- op- op t S a j j were Increasingly In In- 1 J active and D M d altogether nO affairs airs Inthe in inthe S1 the republic wore eve Ie ink in ina k t X t r a n sad muddle As tj the renewed conflict t. t d became more Im- Im Tr the American G Laylin i L ay I i- i In vv mf drew In jn closer to time the capital city and established estal- estal heliographic communication with Il the American embassy 1 I President Grau w was s concentrating his cavalry and artillery n about out the presidential palace and his opponents opponent were gathering arms and ammunition At the National hotel where 00 army y officers ol kers were beleaguered soldiers lo loyal al to Grau were placing machine gUlls guns on adjacent buildings and training train train- In lug ing them therm on un the thc lintel hotel John Juhn G. G Laylin a United States I treasury treas expert n who ho went to Cuba with A. A A A. A of the tile nrc recently re n. returned returned re- re turned to Washington ton with n a report on the financial situation on th the tho Island What he told has not been heen monde made public pub puh lie lic but It Is a certainty that he lie found conditions very cry bail bad and that h tep rep will have hae much to do in the thc attitude of the thc American merIcan govern gO government m. m meat ment The State department Insl tr I there was ryas no present intention of h hd Hj ing Ink marines or but hut 1 till chi In- In sudden sending of four destroyers rs f. f ni cm to troubled spots was Indicative in I of the serious situation 1 a the time island Mr Ir null Hull said that Al r r r leans cn endangered In the Interior sl tild move toward the warships for pro ll tion NOTABLE among recent deaths Is IR L that of Dr Di- DiAnnie Annie Jer lo ler-lo- of the Theosophists of the world sn 11 passed away in Madras India at nt tage t y age of six eighty six years ears death lentil be bea a tg due to the time Infirmities of old n age e. e Fhe She claimed to hove have been ed cd many times since beginning life 1 12 00 OO years ago ngo Leadership of the w w. rid Theosophists was attained folio ng ng upon a n storm stormy life which hc began nn ar n or 1 she was divorced dJ from an Eng Ing Jongh h clergyman Deprived of her child i m she became the time champion of or poor a n leader In political nn and soc socil 1 reforms reform and a strike organizer n lit FUr r I attention then was directed to the re movement mo was full of ot reports that B there thele hall had been a split between Chancellor Hitler and his rl right hand hand ht-hand man Capt Herman Wilhelm Goering premier of Prussia js These rumors were r given gl bod body b by the fact that littler Hitler did not attend aUen l tho tiro ceremony at nt which Goering Installed installed In in- stalled in office the new Prussian s state t n a t e I council In the time Berlin university The Time 71 counselors I who took tool the oath In Included lead lead- unison Ca p F t Goering ers of the storm troops the thc army navy church art commerce Industry and also the former former former for for- mer ruling houses PrInce houses Prince August Wilhelm Wilhelm Wil- Wil helm and Prince Philipp I of nes Hesse e. e The Time Impressive ceremony I was witnessed by the the- crown prince and amI crown princess of Italy the time papel I Ambassador nuncio Msgr dor dol William E. E Dodd of ot the United States and other members of the time diplomatic corps but hut both President Von and Chancellor Hitler HIUer I were absent II The rim he new council Is merely a neon consultative consultative con con- body having no voting powers powers pow pow- ers because as ns Goering explained i that is a relic of which he declared declare had been destroyed estro ed I b by Nazism together with The Time same day Foreign Minister Yon Von expressed Germun Germanys Germany's s 's determination determination deter deter- to obtain security and equality equal deter I ity fly in weapons of defense or with withdraw raw from ruin the arms conference I In Paris the thc representatives of the United Stales Great Britain and I France held conversations preliminary prelim preHm Inar inary to the resumption of tire time disarmament disarmament dis dig armament conference the main topic being Frances France's proposal for rigid and anti permanent control of arms which must be bo tried over a n period of years ears before she will consent to disarm I DOLLfuss DOLL DOLL- CHANCELLOR fuss |