Show SEEN and HEARD around tho National Capital c By CARTER FIELD FIELDa a Desire Washington Desire Desire of ot the ad administration ministratIon to prevent present the few at the expense of ot the many wany the the avowed owed reason for tor na an aliver 1 will 1111 enable for forel foreign el elga n speculators to reap a rich har harvest harvest harvest vest vest while depriving Ing American speculators of such an aD opportunity the U If the world price of sliver silver fol Col follows follows lows the course coure now generally ex es expected The Ille treasury has been doing Its utmost utmost In tl tI tie e a period bet between een all ad adjournment adJournment of ot congre congress s follo following Ing the ure of ot Iho tho ho silver sliver net act and the nationalization of ot silver to pre prevent vent American speculators taking advantage of ot the situation Many 1 requests to transfer money abroad for Cor purchase of ot silver salter In I were declined Prior to the pass ago of ot the pr act the treasury had bad Insisted on OD a stiff tax being In n eluded on any profits made on OD salver sal sll ver This nils was WIlS fixed In III the law at liO per cent despite the insistence ot of the sIlver sliver senators senator that thit the reg regular ular Income taxes would gh give e the government a considerable revenue re from any such profits The Zhe real cause of ot the sudden act ct ot of nationalization was the covert covery by the treasury that Amer Amerlean Amerlean lean speculator hal bal found n a way to effect purchases on the London market despite treasury treasure refusal to permit transfer of American funds to London I ondon for that purpose The Tho system was surprisingly sim simpie pie pic and was l being worked In col volume 01 ume right up to the moment of ot na an The point was 1 as that certain stocks Including International Mel Mcl el had their registry ot of flees In London So an aD AmerIcan speculator wishing to buy some sll sil silver ver In ID London and aDd denied treasury to transfer funds there could buy or 1 1000 or er 10 shares ot of International Mckel Rickel on OD the NewYork ew York Stock tock Lachange Then TheD he could Ship the certificates to London dl di direct reet or by wag wiy of Canada and sell the stock In London taking of course pound sterling In ID pa payment ment Tho The 01 ownership of ot the stock would be transferred In la the London ot of otIce Ice ice and aDd the American speculator would have his pounds In London with no DO strings airings on them leading bac back to the American government So he could use those pounds to buy silver sUrer Treasury Wakes Up Purchases of or silver through thIs maneuvering maneU of ot International rick rickel Mckel Ick el and other stocks Blocks with registry In London had bad run Into a good many millions of or dollars when the treasury here found out what was going on Sires Ires Ires were hot In the t neat few v hours after this discovery ery between Secretary and the President resident and the order was rushed out ju just jut t In ID time It was as learned to prevent tremendous fur further further ther operations of ot this character Brokers at once started to fig figure figure ure out a new way to beat bent the rea re II a In the nationalization or order order order der and skim shim some of or the cream represented by the difference be- be between be between tween the nationalization price price- price bare bard barcli I over oer 50 0 cents an ounce ounce- ounce and the alleged not objective objective not less than 70 cents for Cor sliver silver er all over oyer the theM world orid orld There were complications enough before one of ot them being that sit sll sitter ter er as traded In ID a at t London Is of ot a different fineness from silver sll ns as traded In ID In ID the United States Some brokers hold that the Inter International International national Nickel route Is still open despite the order But the real reil objection of or the brokers Is that speculators speculator In Eu Europe Europe Europe rope In Japan and In ID China and aDd are free o 0 buy silver at the present world orld price counting on the obvious objective of ot not Dot only the United States government but that or of Great Greit Britain to put the world price higher whereas the lions make mahe It hard for any Amerl can an to profit even een by paying the 50 per cent tax imposed In the silver sll law hw and such Income taxes as would result Fort Peck Project Both noth army engineers and Lion officials were startled at President dent Roosevelt s comment In hIs at Glasgow that some 8 acres of ot land would be Irrigated project by water ater from the tile Fort rort Peck prof project eeL The point Is that the project was not designed or planned as an aD project at all It was designed for two purposes One was flood Dood control I The he other was to provide a navigable channel for boats and barge Large lines on OD the Mis lIs Bourl river Obviously engineers and Lion officials point out water can cannot cannot cannot not be used for tor both I keeping n a channel at navigable depth through throughout throughout throughout out the length of ot this very ery long Ion river and aDd for Irrigation of ot some 85 acres of ot land laDd In the vicinIty Ity of or the reservoir What they think happened Is that the President aghast at the dust storms 0 over er deserts where fel fertile tile 6 t farmS farm'S used to be leaped to the con conJ wat wast elusion that water on OD the land was wa s t far more Important than thun a gable stream especially as most of o othe othe f the area Is la already served by more railroad capacity than there Is Ig any an y 7 likelihood of ot being belD tested by b y bumper Cr offerings for year ears s to come All of ot the other projects which h lie be President resident visited on his return return r trip 1 were ere primarily Irrigation prof projects bo So o there are some who think the President simply made a slight slip sill In discussing the I ort ont Peck project ct But a much more reasonable assumption as according to friends or of orthe the President her here Is that Mr Is COD convinced that the drouth problem Is far more Important Important tant than any an aD question of ot maintain maintainIng Ing i a channel In the river riser Obvious Obvious- Obviously Obviously I ly also they point out out tile the second purpose for which tho the project was as planned-flood planned Hood control control- control control be en d just as by divert divertIng Ivert lag Ing the project to Irrigation Farms Come First Water Impounded behind a bl bit dam for the purpose of or pre presenting a flood Hood on the 10 lower er rh river riser cr cnn can be used usell In either was n they say sa sn It caa be released as S intended at times when lIen the water level down downstream downstream downstream stream Is low OW or It cm can be distributed distributed uteri on arid land The flood con control control trot function would bo be served In either e exert evert ert It Is just a question ot of whether 1 hether the 1 water aler would be more used valuable used for than Irrigation It if used for keeping the channel na navigable hen t s hen the tho President eDt realized thIs he decided quickly his friends hero here Sly say that tl tI e a drouth aspect was far more Important Ulan titan the transportation transportation tation difficulty For one thing the assert the drouth situation Is new and very menacIng whereas the transportation tion Uon Ion problem would merely be add addIng lag Ing something to transportation fa Ca already adequate There Is very real fear on OD the part of ot many maDY observers ers of ot the tile pros pres eDt ent drouth situation that this year may not see the end of ot It The rain rainfall rainfall rainfall fall In ID n the whole affected 1 area has been subnormal for ten years May lIy be be the curve cur will start swinging up- up upward up upward ward ne next nest t year ear But nut maybe not Iso o one knows s If It the winds which formerly brought rain to this regIon by way wiy of ot the river valley vat val ley lev and aDd which thIs year ear 1 were ere dl vertell eastward down the Hudson Bay route should continue to blow that 1 way ay next Dext year there Is noth nothIng nothIng Ing h ag that can be done about It It This Is the real explanation ot of President Roosevelt noo elt e 3 s dream of ot the huge buge forest belt so much discussed He wants some plan plaD which would pre present ent the northern Middle West Vest from being turned Into a desert It if It should develop that a change In Intile tile he wind currents points In that dl df Duce Does Not Want Vant War WarThe WarThe The most amazing thing about the alleged threatening war clouds In Europe from an aD Inspection or of which the writer has just returned Is that Mussolini Is even en more firmly firmly firm ly Iy In n the saddle than at any tIme since his amazing rise to power and aDd that apparently the duce does not Dot wish Ish a war nr at this tails moment So despite all the bad news from Vienna tollo following on the heels or of orthe othe the bad ne news nes s from Berlin the strong probability Is that there will willbe willbe willbo be no war for some little time to come Instead of ot pro ing a n war the theas as assassination of ot Dollfuss actually drove droe the two most bitter enemIes In Italy Europe Europe Italy and aDd France Into France each others other B arms rach Fach was as equal equally equally ly Iy determined that Germany should not absorb Austria It Is the first time that Italy and France have had a common objective for twenty y ears or more leaving out of ot the plc pic picture picture ture the a agreement which brought Italy Into the World war ar on the sIde ot of the Allies But let no one ODe think that the tern tem agreement of ot Italy and France means meaDS the beginning of ot a beautiful friendship The feeling Is la still there It Is still a n controlled press In ID n Italy especial especially especially ly Iy and It Is apt to provoke the next war Italy still feels that she was bad badly badly ly Iy cheated heated at the council table at She thinks she got noth noth- nothIng nothing nothing ing like her just deserts She be- be belIe be believes lIe Metes es I ranee got the lion lions s a share The most encouraging feature Is lathat that no other nation agrees with Italy In this Interpretation All her hernel nel neighbors to the east cast think she got gottar tar far more than she deserved British Fleet Ready Nothing was WitS printed about It In Inthe Inthe Inthe the newspapers nel In Europe but Brit Britain aln managed to get quite a fleet leet to together together gether In to Greek waters aters 1 with Ith a gen general eral cral holiday cruise Idea during the troubles In Austria The big airplane air airplane airplane plane carrier Furious with ten teD de de- de- de destroyers destroyers destroyers cast anchor In Corfu the northernmost Greek port right across the Adriatic from tile the Important tant taut Italian ports of ot Bart Bar and Perhaps there was as no connection statements mean so little but but American tourists returning through northern Italy at the time 1 were ere aghast at the mo movement ement ot of ol Italian troops up to toward the Aus A Austrian us Irma Irlan frontier In ID short there was wai every Indication of ot trouble so much murl so that there was 1 as a w widespread vu ru rumor rumor mor In Europe that actually the an announcement announcement of ot the news vs of ot the kill Ing tag of ot Dollfuss was as concealed for forat forat at least forty Corty eight hours But there was no DO popular excite excite- excitement excitement ment In Italy It was just jut maneu vers erB None of ot the tragic working up of or the population to fever heat which preceded the breaking out ot of the World war oar In other words Mussolini 1 had the situation In his own hands The Italian people would follow tollow him to towar towar t war In a moment It he be decided that tha It was as necessary Copyright 8 |