Show NEW EW YORK B By fly James McMullIn 1 The Tho governments government's command to return return re reo re- re turn gold and gold certificates by May first was based on round figures of stubborn hoarding Best es estimates at say that around still out in private hands This compares with some returned since the first request Certain big bir hoarders claim to be Immune Im ha- mune from prosecution They shipped gold to England or France before the holiday and in many cases have since either exchanged it for British or French c currency or used it as collateral collateral col col- col lateral for tor loans Their lawyers maintain main main- tain taut that they do not now possess the gold and therefore cannot be penalized penalized penal penal- for not returning It The Tho names of these patriots are known They may zany be legally impregnable impregnable but publicity plus an informal boycott could make them extremely uncomfortable Wall street gives the president credit for an astute psychological move inthe In Inthe Inthe the gold proclamation He was Just beginning to be criticised for being rough with the little fellows and let ting the big ones one get away with it Vigorous prosecution of a n shining example ex cx- ample or two is expected I New York got all excited the day of the pr proclamation Speculators figured fig fig- tired it meant devaluation the devaluation the idea being to prevent hoarders from profi profI- leering Quite a rush for stocks stocks stocks-cs- es especially gold mining equities equities and and commodities resulted This dope looks all wet to the real insiders There has been a quiet relaxation of restrictions on gold exports for legitimate business purposes Transfers Trans fers era can now be arranged without difficulty if It you can prove reasonable cause a S I New York Is just getting wise to the significance of the blue blae sky law l in relation to planned production The bill would give rive the federal trade commission com corn mission authority to revoke security licenses not only for fraud but for any consideration contrary to public policy polley Authorization could coald be withheld with held beld If it the government rated a corporation cor car as u no not useful economically or politically or as contributing to excessive competition Bitter DUur hostility to io the technique of the bill still Iun prevails on the Inside One Wall Wail streeter says It should be titled A A bill to restore London as the financial center of the worldS world S S S SNo No matter what the world economic conference may decide nothing can be done about th the British tariff on Iron and steel The Th Ottawa Ottaw conference conference conference confer confer- ence guaranteed a 33 3 1 per cent duty with two years to io go The quotas of the New British agricultural marketing mar roar bill also are beyond negotiation tion Opinion is divided In British parliamentary parliamentary parliamentary par par- circles as to whether that government will be able to push stron strongly ly for the removal of trade restrictions restrictions re reo or whether protectionist pressure will triumph The latter hatter would num nullify any possibility of suc successful successful bargaining by Britain at the conference S S S New York hears that the new German German Ger Ger- man word will vill soon be as world-famous world as vcr vcr- The literal translation is arms joyfulness and the meaning Is desire desire de dc sire to bear arms It Is the Hitler governments government's avowed policy polley to use every means at its disposal to promote Any utterance public or even private which is contrary contrary contrary con con- to will wUI be se severely severely e- e verely punished German editors must watch their step on international disarmament S S 5 The repayment of ot the credit by the was not so voluntary as indicated by press dis dis- dis- dis patches The Inside story is that the creditors demanded Immediate pay pay- ment Dr Schacht simply could not refuse He would have risked an immediate im ha- mediate collapse of the mar mark Inflation Inflation tion Is feared by the nazi narl regime more than anything else lse It would be the theone theone theone one thing which could overthrow them within a a few weeks Repayment of th the In tn Ingold ingold gold was merely a choice between two evils It has depleted Germanys Germany's reserves reserves re re- re serves to a point where th the mark is vulnerable Quotations day by day should be worth watching S S 9 S Dev Developments In Germany have agitated France more deeply than is generally known in this country Posters all aU over Paris picture Hitler as Samson pulling down the temple labeled Peace of the Nations French military preparations are being being be be- ing Int pushed at top speed and the sItuation situation situation situa sItua- tion resembles that of July 1914 In almost every respect The French government Is endeavoring endeavoring endeavoring oring to ta avoid anything which might further alarm the public but there Is concern over the new and supposedly edly secret Instructions to mayors to tobe tobe be followed In case So of mobilization S eo S S The Austrian government Is between between between be be- tween the devil and the deep blue sea The present dictatorship of Chancellor Dollfuss is fighting desperately desperately des des- to keep the nazis down They will not be beable able to do this much longer long long- er The Thc danger of a German aGerman Intervention intervention tion Is growing daily An open with move move agreements agreements Germany Germany to to forestall this possibility is out of the question because the little hittle entente would regard this as asa asa asa a casus belli bem and march within 12 hours hour S SS Having learned nothing and forgotten forgotten forgotten for for- gotten nothing nothing The German note to Poland complaining com com complaining of German anti activities in Polish Silesia recalled in tone the famous famous fa fa- fa ultimatum which Austria sent to Serbia in 1914 Polish authorities state that If the text were published and especially the language used by bythe bythe bythe the German minister when he delivered ered the message the Poles would rise A German nationalist who is an active supporter of the Hitler regime described the note as DS a provocation to which there can be only on one an an- Poland Is too shrewd to make it S S S New York connections know that Prague authorities are preserving strict secrecy about the activities of the famous Skoda arms factories In Pilsen and the state arsenal in Brunn The Skoda works is employing men against a few months ago The state arsenal is is' b busy y night and day without interruption Any factory seen talking bIking to a stranger Is dismissed and charged with high treason Inquisitive visitors visitors tors are likely to be locked up as spies The export of weapons to foreign countries is camouflaged in official statistics as iron or other metal goods Czecho Slovakia supplies arms regularly reg to certain European nations and lately has sent has sent vast quantities to Japan China Bolivia Peru Ecuador Ecuador dor Brazil and Uruguay S S S Furthering the Idea of ot a Pan Pan-Asiat ic union has opened negotiations negotiations ne ne- ne- ne with Siam on the subject of joining interests with Japan The Thene new ne states state's activities will wm make news for years to come 5 I S |