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Show News Review of Current Events the World Over Business and Industrial Conference Called by President Hoover Smoot Predicts Revision of Revenue Law Walker Case Developments. By EDWARD W. PICKARD IN THE nature of a culmination of his program for economic recovery will be the conference which President Presi-dent Hoover has called to open August Au-gust 20 In Washing-'Vtti:.! Washing-'Vtti:.! J4 ton. Those summoned p wj are the members of t the business and in- r - $5 dustrial committees ! recently set up In ' " f $3 tne twelve federal re- ( ' jb- fi serve districts' aad V -'-, f the purpose an- ' 3 nounced by Mr. Hoo- k ' 4 ver Is to start a "con- I." J centrated campaign Eak.aafc e. ajong the whole eco- Franklln nomlc front-" Fort Continuing the Pres ident said: "The conference con-ference will deal with specific projects proj-ects where definite accomplishments In business, agriculture, and employment employ-ment can be attained, and will co-ordinate the mobilization of private and governmental Instrumentalities to that end." Committee chairmen and officials who were to hold the preliminary organization or-ganization meeting were: Carl P. Dennett, Boston ; Owen D. Young, New York; George H. Houston, Philadelphia; L. B. Williams, Cleveland; Cleve-land; Edwin C. Graham, Richmond; George S. Harris, Atlanta; Sewell L. Avery, Chicago; J. W. Harris, St. Louis; George D. Dayton, Minneapolis; Minneap-olis; Joseph F. Porter, Kansas City; Frank Kell, Dallas; K. R. Kingsbury, San Francisco; Secretary of the Treasury Mills; Secretary of Agriculture Agricul-ture Hyde; Secretary of Commerce Chapln; Secretary of Labor Doak; Eugene Meyer, governor of the federal fed-eral reserve board ; Atlee Pomerene, chairman of the Reconstruction Fi-nace Fi-nace corporation ; Paul Bestor, chairman chair-man farm loan board ; Franklin Fort, chairman federal home loan board, and James Q. Stone, chairman of the federal farm board. Much Is expected to be accomplished accom-plished by the home loan banking system sys-tem created by congress, of which Franklin Fort of New Jersey has ben made chairman. In a radio address Mr. Fort explained that the home loan banks will have the power to make direct loans on first mortgages up to the same percentage of the value of the property that they may loan to Institutions. "We shall all be greatly disappointed," disappoint-ed," he continued, "if the home loan bank system does not put under the real estate and mortgage structure of America the type of underpinning which not only will prevent its collapse col-lapse In these troubled times, but will form a foundation for the continued expansion and growth of home ownership." own-ership." The machinery of the new organization, organiza-tion, which will be set up as soon as the board decides upon the sites for the establishment of the eight to twelve home loan banks provided by the law, is designed primarily to advance ad-vance loans to building and loan associations, as-sociations, savings banks and Insurance Insur-ance companies In the mortgage field. SENATOR SMOOT, chairman of the senate finance committee, realizing realiz-ing there are many Inequalities in the new revenue law, expresses the opinion opin-ion that congress, when it reconvenes, will find necessary a revision of that measure to fit business conditions as they will then exist And he believes the plan of a general manufacturers' sales tax will be revived. "Personally" "Personal-ly" said the Utah senator, "I think that the bottom of the business depression de-pression has been reached and that conditions are getting better everywhere every-where In the country." The Chamber of Commerce of the United States has announced formation forma-tion of a special committee on taxation taxa-tion to examine "the manufacturers' sales tax and other possible sources of federal revenue" as a means "of curing Inequities In the taxation system sys-tem as set up In the last session of congress." VICE PRESIDENT CURTIS was formally notified of his renomina-tlon renomina-tlon by the Republican party at his Lome In Topeka, Kan., The ceremony cere-mony was notable for Its simplicity, for "Charlie" had said he did not wish his friends and neighbors to go to a lot of expense. There were no parades, pa-rades, but the Topeka Post band of the American Legion played and the same post provided a color guard. Senator Dickinson, chairman of the notification committee, spoke for about ten minutes, and Mr. Curtis then delivered de-livered his address of accept a nee, an effort that received high praise from Ilia follow Republicans. SOUTH TRIMBLE, clerk of the house of representatives, decided that Speaker Garner and Representative Represent-ative Uainey were right and that it was mandatory on him to make pub lie the details of loans made by the llecotist ruction Finance corporation since July 1. In this he disagreed with President Hoover, who sin-'it t,, avoid this publicity and who thought further congressional action was necessary nec-essary if the transactions were not to be held as confidential by the clerks of the senate and house, FIVE distinguished engineers will iass on all applications for loans for self-liquidating projects as provided pro-vided for in the relief act carrying a fund of $1,500,000,- tlll, 000 for construction li;Slltli work to aid the tin- :y:;IMI&l;'!il employed. At the head of this commit- ;, tee of five is Dr. &tt ""v Charles David Marx. :: E? 'Jh one of the foremost silfeJjiSli engineers of Califor- p -pSL' J nia. He is a personal U&& 00&::i friend of President (X. J Hoover, who esteems Av'j him highly and has utmost confidence in Dr. C. D. Marx his ability to handle the big job put in his hands. Doctor Marx, who was born In Ohio in 1S57, was educated in Cornell university and in Germany. He was United States assistant engineer on Missouri river improvement fifty years ago, and afterward after-ward was on the faculties of Cornell, Wisconsin and Stanford universities. His home Is in Palo Alto. ONE of the strange developments of the times Is the farmers" strike that was started in Iowa for the purpose pur-pose of forcing higher prices for farm produce and that spread to some extent ex-tent In other states of the central west The Iowa farmers undertook to compel com-pel all agriculturists of the state to withhold their products from market, and In some regions, notably about Des Moines, picketed the highways and stopped nearly all trucks carrying vegetables and live stock to the city. Deputy sheriffs were Instructed to keep the roads open, but few farmers cared to run the blockade. City milk distributors obtained sufficient supplies by train, but urbanites had tc rely on home gardens for their vegetables. In North Dakota the farmers united to withhold their wheat from market until the price shall reach $1 a bushel, and their leader said this movement had made progress in eleven states. Plans for financing the threshing bills of farni3rs who promised to hold back their wheat were being worked out. IVf AYOR JIMMY WALKER of New York put in another strenuous week trying to convince Governor Roosevelt that he should not be re-u re-u moved from office. FjiiVi J The examination con- v ducteu by tne sv ? 1 ernor went Into all ij,, jj facts connected with U. Walker's relations IV t 'l?" with Russell T. Sher-t-4i'A ' wood, who handled v' the mayor's financial vwp affairs and has long I been missing ; and s A with many other J charges made by Mayor Walker Samuel Seabury. During Dur-ing the questioning there was a lot about an "unnamed woman" who was unofficially admitted to be Betty Compton, an actress now living In England. The evidence before be-fore the legislative committee had shown that this person, whosr name was not then revealed, received a check for $7,500 from a brokerage account ac-count of Mayor Walker's and that cash and stocks valued at $75,000 were turned over to her from the various accounts of Sherwood. The mayor In his testimony referred to the "unnamed person" as having been his personal friend ; he offered to explain his "arrangement" with her, as It was expressed on one occasion, but the governor refused to permit an explanation. Throughout the trial Governor Roosevelt has shown a commendable determination to get at the truth and frequently found occasion to squelch Walker's counsel, John J. Curtln. To the lnyman at a distance It seemed that the efforts of the attorney did nothing to help the mayor's case to put It mildly. Supreme Court Justice Staley Issued Is-sued an order competing Roosevelt to delay his decision In the case until after a hearing on a writ of Injunction, Injunc-tion, and there was a good prospect that court proceedings would block removal of the mayor. If that is decided de-cided upon hy the governor, until after the Presidential election. MEW'S of Interest to all the country came from Englewood, N. J. There, in the Morrow home, a second son was born to Col and Mrs. Charles A. Lindbergh, and it was announced that mother and child were doing well. The happy event came five months and sixteen days after the kidnaping of the first Lindbergh boy from their home In Hopewell. Colonel Lindbergh Issued a plea to the press not to invade in-vade the privacy of his home, feeling that the publicity to which the family had been subjected wns in lare meas;, ure responsible for the tragic deal!' of their first child. RUMORS that Theodore Roosevelti governor general of the Philippines, Philip-pines, would be called home to take part In the Presidential camgaign on behalf of Mr Hoover were strengthened strength-ened when it was announced that John EL Holliday of St Louis, Mo., had been appointed vice-governor of the Islands by the President He has been acting as legal adviser to Colonel Roosevelt The managers of the Republican campaign cam-paign felt that a few speeches In the middle and far western states by Governor-General Roosevelt would greatly help the Hoover cause because it had been found that many voters out there were going to cast their ballots for Franklin D. Roosevelt under the impression im-pression that he is the son of former President Roosevelt to whose memory mem-ory they are devoted. FOR the first time In a year and a half President Hoover took a vacation, va-cation, but it lasted only a few days. He spent the first part of the time on the Commerce department boat Sequoia fishing in the waters of the Chesapeake, and he and his companions compan-ions caught a lot of fish and had a good rest Wednesday evening the President landed at Annapolis, whence he motored to the White House and then went on to the Rapldan camp. COAL mine fields of central and southern Illinois were greatly disturbed dis-turbed following the acceptance by the union of a compromise $5 a day rate. Many of the miners rebelled against this and there were mass meetings and picketing activities that gave the authorities much to do. Joe Colbert, a union official at Orient and one of the protesters, was called from hi3 house and shot to death. Many of the larger mines reported that they were operating with full forces at the reduced scale. STATE politics in New York Is getting get-ting lively, and the Republicans are preparing to select their candidates candi-dates at the convention, which meets in September. To op- pose United States Iks! s Senator Robert r tlluJk Wagner, Democrat, pSSSS who seeks re-election f S I it is likely Charles S. . 3 Whitman will be js m' picked by the G. O B P. He Is a veteran S. gsif In politics, having p, 'HfJ been elected governor V a s Jj in 1914 and re-elected gJtaiLiJ two years later; but he was defeated in c. S. Whitman 1918 by Alfred E. Smith, since when he has not held or sought office. Mayor Rollin B. Marvin Mar-vin of Syracuse is another possibility for the senatorial nomination. For the Republican nomination for governor the most conspicuous aspirant aspi-rant to date is Col. William J. Donovan Dono-van of Buffalo, who acquired the nickname nick-name "Wild Bill" in the World war. He commanded the old "fighting Sixty-ninth" and won the Congressional Medal of Honor, the Distinguished Service medal and other decorations. During the'Coolidge regime he was assistant attorney general. WITH economy in mind, Italy is about to reorganize her navy and will retire about 130,000 tons of her fighting ships. These will include two battleships, three heavy cruisers, nine light cruisers, twenty-five destroyers and a dozen submarines, all reasonably reason-ably old, but still within the age limit The ships will be stripped of their crews, but not Immediately scrapped. In this condition they will continue to serve as a bartering point when the world disarmament conference resumes re-sumes its discussions at Geneva, Switzerland, Swit-zerland, this fan. GEN. KURT VON SCHLEICHER, minister of defense In the Von Papen ' cabinet Is moving steadily toward realization of his ambition to xa - - -? become master of 4 Germany. Reports I . : " I - . from Berlin Intimate I that out of the poiitl- tWZt 'sM ca' cliaos may emerge i-i Mi a new government fe 'ii' !i;-i J with that "strong f $ man" as chancellor M&ffA'iM and Franz Bracht as - ;.:';- yfisl premier of the state of Prussia. Von Schleich- er 1S muc'1 more high- M iy regarded than Von Gen. Von Papen by the Junkers, Schleicher who have been urging that all pretense of parliamentary government be dropped. Adolph Hitler, leader of the Nazis, In conference with President Von Hin-denburg, Hin-denburg, demanded not only the chancellorship chan-cellorship but the same power assumed by Mussolini after the march on Rome. This the aged president curtly refused, but he did offer to make Hitler vice chancellor and give his party other cabinet offices. Hitler would not accept the minor post, preferring pre-ferring to remain opposition as the prophet of the Nazis. The National Socialists So-cialists thereupon began an attack on the Von Papen government, and they now have the assistance of the Com munists, numbering some 3,500.000. The latter decided to Institute a nation-wide strike to force the government govern-ment to take action for relief of unemployment un-employment ECSEBIO AYALA. who has become president of Paraguay, is as firm as his predecessor In determination not to yield to the demands of Bolivia Bo-livia concerning the Gran Chaco, but in a public statement he declared that war between the two nations over that issue would be "an absurdity." which was encouraging for the ca-jse of peace. . 1932, Western Newspaper L'DJon. |