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Show News Review of Current Events the World Over President Roosevelt Tells Congress and Nation the New Deal Must Be Permanent Declares Recovery Policies Are Succeeding. Dv EDWARD W. PICKARD JCST whnt Pri.-.ildent Roosevelt In tends to do and what he wants cuurf'KH to do wan not revealed In any detail la the message which he read before a Joint ncsslon of senate sen-ate and house at the opening of the regular session. However, It was an excellent speech, addressed to the nation rather than to the congress and beard over the radio ra-dio by millions of his countrymen wno President 8,ould be eneour-Roosevelt eneour-Roosevelt BKC(, by hs ge,,eral statement of progress made by the recovery administration and all the allied collectlvlst Institutions. In plain, forceful language, Mr. Roosevelt declured that the old methods have gone Into the discard and that the new social and economic eco-nomic order upon the lines laid down by the national recovery legislation legis-lation must be pushed forward and made lasting. Opposition to this, be asserted Is found only among a few Individualists. In general terms he told of the success of the NHA In lessening unemployment, abolishing child labor, establishing uniform standards of hours and wages and preventing "ruinous rivalries within Industrial groups." The President's claim for farm relief re-lief will be questioned by many. Said he: "Actual experience with the operation of the agricultural adjustment ad-justment act leads to my belief that thus far the experiment of seeking seek-ing a balance between production and consumption is succeeding and has made progress entirely In line with reasonable expectations toward the restoration of farm prices to parity." lirlef allusion was made to the war debts, and It was stated that stabilization of the dollar Is Impossible Impos-sible at present because certain other nations are "handicapped by Internal and other conditions." The message referred specifically to the disclosures before the senate bank- t.ig ... il l iiTency committee of rich and powerful Bnanclers who "evaded "evad-ed the spirit and purpose of our tax laws," enriched themselves at the expense of their stockholders and the public and through reckless speculation with their own and other people's money, "injured the values of the farmers' crops and the savings of the poor." It also de clared the Intention of the government govern-ment aud the people to suppress "crimes of organized banditry, coldblooded cold-blooded shooting, lynching and kid raping that have threatened our security." se-curity." The President's closing sentences especially aroused the supporters of the Constitution. He thanked the members of congress for their cooperation co-operation and eoucluded: "Out of these friendly contacts we are, fortunately, building a strong and permanent tie between the legislative legis-lative and executive branches of the government. "The letter of the Constitution wisely declared a separation, but the Impulse of common purpose declares de-clares a union. In this spirit we Join once more In serving the American Amer-ican people." 'TMIIS message of the President was addressed especially to the American people. A few days before be-fore he delivered another that was meant more for the rest of the world. It was his speech on Wood-row Wood-row Wilson's birthday delivered at a dinner given by the Woodrow Wilson Wil-son foundation, and In it he vigorously vigor-ously attacked political leaders of other nations for frustrating the hopes of the people for world peace. Ninety per cent of the population of the earth, he averred, Is desirous that there shall be no more wars; but the remaining 10 per cent are misleading politicians who have Imperialistic designs and selfish motives. mo-tives. Mr. Roosevelt's peace plan, offered, of-fered, to the world, may be thus summarized: Every nation would agree to eliminate over a period of years and by progressive 6teps all weapons weap-ons of offense, keeping only permanent, per-manent, defensive Implements. Each nation could Inspect Its neighbor to Insure against offensive weapons. Every nation would Join In a simple, declaration that no armed forces would be allowed to cross Its borders Into the territory, of any othe'ri nation. By ruling that such pacts would be effective unless all nations agreed (he nations still believing "In the use ef the sword for Invasion" In-vasion" would be pointed out to "the pressure of world opinion. The President also proclaimed a modification of the Monroe Doctrine, Doc-trine, asserting that It would henceforth hence-forth be the policy of the United States' to "undertake no single-handed armed" Intervention In any of the f ' American republics. lie declared that It was the Joint obligation of all those republics to Intervene In any one of them If such Interference Interfer-ence should become necessary to protect their Interests. FOR the current and the next fiscal fis-cal years the President asks congress to provide sixteen and a half billion dollars, in the budget message which was transmitted to the lawmakers. Of this Immense sum the recovery agencies will require re-quire almost ten billions, the remainder re-mainder being for the routine government gov-ernment establishment For these two years the treasury deficits are estimated at nine billion three hundred hun-dred million dollars. To meet these deficits the President proposes to borrow on the credit of the government gov-ernment ten billion dollars or more In addition to borrowing about twelve billions to refinance maturing matur-ing government bonds and other obligations ob-ligations In the next year and a half. By July 1, 1035, when the President Presi-dent proposes to halt recovery operations op-erations and begin paying the bills out of taxes, the public debt, he estimates, will stand at the all-time record peak of thirty-one billions eight hundred and thirty-four millions. mil-lions. Republican senators and representatives repre-sentatives and some Democrats pro- j fessed to be appalled by the President's Presi-dent's spending program, but It probably will be put through, Just the same. PRESIDENT ROOSEVELT announced an-nounced that he had accepted the long expected resignation of William Wil-liam H. Woodln as secretary of the treasury, and appointed Henry Mor-genthau, Mor-genthau, Jr., to succeed him. Mr. Morgenthau took the oath of office on New Year's day In the presence of Mr. and Mrs. Roosevelt and the members of his own family. Mr. Woodin's retirement had been expected since last summer. He la still In Arizona endeavoring to recover re-cover his health, PRESIDENT GRAD and his sup- porters In Cuba were preparing to combat an anti-government conspiracy con-spiracy which Secretary of the In- terior Guiteras said had gone too far to be halted by any plan of political conciliation, or even recognition of the Grau regime by the United States. The revolutionists, h e said, were operating operat-ing from Miami, Fla. In Havana the army's home President made tanks were Grau placed In strategic positions, the police were armed with rides and soldiers were stationed sta-tioned on housetops to check sniping. snip-ing. The Miami revolutionaries' plans "are too far advanced," Guiteras said, "because they accepted money from American corporations In exchange ex-change for certain concessions If they attain power. They can't return re-turn the money. Therefore, they must carry out their plans." President Grau signed a decree setting April 22 as the date for the election of a constitutional assembly assem-bly which will meet on May 20 to choose a new provisional president and draft a new constitution. Grau said he would not continue in the presidency after May 20, regardless of whether the assembly confirms him as provisional president 'TpLlOUGH the year closed with -1 prices for farm products and manufactured foods showing a downward trend; though the estl- mates or the government gov-ernment and of grain dealers re vealed that the acreage reduction on which the Agricultural Agri-cultural department spent vast sums was virtually a failure and though there were other discouraging discour-aging signs, on the Is w n o 1 e President Roosevelt arid his speaker advisers had reason to believe the new year promised to see considerable success achieved by their recovery plans. Many leaders lead-ers in economy and politics gave them this assurance, and there was manifested a general determination to go along further with the President Presi-dent and support his efforts. Speaker Rainey predicted that the session of congress would be harmonious. harmo-nious. "We are going to have a short and constructive session," said Mr. Rainey. "It will be a very Important session, bnt a working one rather than a dramatic one. We will pass the supply bills, the tax bills and the liquor measures and adjourn early In May. "There will be no attempt to overthrow over-throw the recovery program or to oppose the President. It isn't possible. pos-sible. If there Is any sniping the snipers are apt to be left at home. "We had the extra session and enacted en-acted the recovery program and It is Just beginning to work. Recovery Is on the way." TORRENTIAL rains lasting many hours wrought disaster In Los Angeles and its suburbs for floods rushed through the towns and countryside coun-tryside and probably 75 or more lives were lost. Glendale, Montrose, Mont-rose, La Crescenta, Echo Park, Long Beach, Alamltos Beach, Venice, Re-dondo Re-dondo Beach and other towns were those In the direct path of the inundation. in-undation. It was in these places that the heaviest toll of life occurred. oc-curred. DEVALUATION of the dollar appears ap-pears to be a certainty of the not distant future, and the Treasury department Is getting ready for that step. To start with, it Is about to seize all remaining private holdings of gold. Henry Morgenthau, Jr., now secretary, In an order isued under the emergency banking law, demanded the surrender of all gold holdings, with five specific except-tlons, except-tlons, regardless of their size. Failure to follow the treasury's order and conviction carries a maximum max-imum penalty of ten years In prison, $10,000 in fines, or both. The order applies to . corporations, partnerships, partner-ships, and associations as well as Individuals. One Important exception which still blocks the way to devaluation was left In the new gold order. Federal Fed-eral reserve banks, which own $3,-700,000,000 $3,-700,000,000 in gold and gold certificates certifi-cates out of a total American gold stock of $4,300,000,000, were still allowed al-lowed to keep their gold. How to deprive de-prive the reserve banks of. this gold legally, or at least of the profit which the bank3 would otherwise reap from devaluation, has long been puzzling treasury legal experts. ex-perts. NOW It Is up to the United States Court of Claims to decide whether wheth-er or not President Roosevelt's action ac-tion in removing William E. Humph- I i rey as a member of the federal trade commission last October Oc-tober was "illegal and vol d." Mr. Humphrey has filed with the court a petition demanding from the United States $1,251.39 which he says is due him as his sal- . ary irom uciooer o W. E. Humph- tQ November30. He rey laid before the court a transcript of four letters from the President. Two of them requested his resignation, a third accepted ac-cepted his resignation, although Mr. Humphrey contended, none had been offered, while a fourth contained only these words : "I am in receipt of your letter of September 27. Effective as of this date (October 7) you are hereby removed re-moved from the office of commissioner commission-er of the federal trade commission." Mr. Humphrey refused to resign or get out, and formally notified the trade commission of ' this refusal re-fusal ; but the commission wrote him that It had voted to recognize the executive order of the President. Mr. Humphrey Is a Republican and the controversy between him and Mr. Roosevelt has been taken up as a political issue by some others of that party. It Is certain to be the subject of oratory and argument in congress. For fourteen years Mr. Humphrey represented the state of Washington In congress, and he was appointed to the trade commission by President Coolidge in 1925 and reappointed re-appointed by President Hoover in 1931. C OME weeks ago Jon G. Duca, premier of Rumania, outlawed the Iron Guard, an anti-Jewish organization. or-ganization. He has paid the penalty, penal-ty, for a member of the guard assassinated as-sassinated him in a railway station sta-tion In Sinala. The murderer, who was arrested with two accomplices, proudly admitted his crime. The assassination came as a climax cli-max to a long series of disorders characteristic of the new wave of anti-Semitic radicalism which has swept Rumania since the victory of Chancellor Hitler's anti-Jewish campaign in Germany. O ADICALS in Argentina at-tempted at-tempted a revolt at Rosario and Santa Fe, In the northern part of the country, attempting to prevent the forthcoming elections. But the authorities were alert and suppressed sup-pressed the uprising. The mounted police fired on the crowds and a score or more of the reds were killed and many wounded when they attacked the arsenals and police po-lice headquarters. OARY N. WEISINGER, JR., depu-' depu-' ty administrator In charge of the banking code, was fired by General Gen-eral Johnson because he was held responsible for the issue of a press release Inferring that Johnson had approved a proposed set of fair banking practice rules that some 700 banks and clearing houses were about to adopt Johnson suspended the proposed fee schedules, stating that he had never seen them. by WeaterD Newpapr Unlou. |