| Show news review of current events the world over avei senate forewrite Rewrite to rev revenue buc bill Lindberg lis still hope elope despite doubli crossing april market crash Q coat ast six billion dollars 1111 1 senate will rewrite the billion J dollar tax bill passed by the house chairman reed smoot of tile the sanat I 1 finance committee a announced after a long delay in getting down to business on the budget balancing measure atlon action at last appears in sight many of the soak the rich provisions of the tax tar bill may bo be eliminated in ili tho ahe upper houses revision smoots announcement followed a bitter partisan debate in ili tile finance committee for nearly two bourg secretary of the Treasury mills and senator ilarra eon mississippi democrat sparred for political advantage over the revenue measure sought bought to have mills sub it a tax program which could bo be F wit an administration bill mills ellla declared that the treasury sticks to its ita original recommendations presen presented it cd aa 0 tho the house ways waya and moans means corn com WOO and rejected 0 clinis Wl inis pr mUsed to bill PU W tile mit I 1 cevo n minor P td c treas first pro hei ho he indicated would he be i 9 on home consumption lon 0 6 gas s and for a tax on vort boft ah and d malt lie ho also told lie he would point out specific flaws in the house tax bill and suggest corrections this act action lori ho he warned could not be considered as aa offering ng a tren treasury sury program because the treasury Is bitterly opposed to io the house bill the ge general manufacturers sales tax ns C carried in the bill reported by tho ways and means committee Is acceptable cep table to the treasury mills reiterated he suggested th that atthe the treasury would like to have bave the committee accept a 1 per cent manufacturers sale tax estimated to yield wills was optimistic over the federal economy drive saying a minimum appropriations slash of la Is in eight bight after conferences between the president and the house economy committee HE senate banking commit committee fee was THE Tad advised by richard Ulc liard whitney president of the new york stock exchange that stock and bond values had depreciated at least six billion dollars luring during tile the april collapse in security values testifying as the principal witness ln in ITI the committees 16 la ap 4 I 1 of short selling on the stock exclia exchange mr whitney said that that the drop in securities values had been as drastic richard luring during the past week kainu whitney wanney as luring during any other period of the depression lie ie concurred in an estimate by a committee member that stock market and bond losses from tile the peak of high prices tin in 1029 had dropped I 1 sir mr Whit whitneys estimates were atthe conclusion of the second day of odthe the committees attempt to pin responsibility for recent stock block market losses upon the activities of wall street bears engaged in short selling operations at the conclusion of the bayli hearing the investigation was adjourned until monday when mr whitney la Is expected to place before the committee a complete record of the short sales during the last week together with a list of the prominent bears who have been on the short side of the market mr whitney vigorously denied that short stiles had anything to do with the recent drop in values asserting that widespread liquidation ond and unsettling business developments rather than benr bear ralda were responsible for the lie drop lie ile asserted and produced figures to prove tits his point that during the farst week of the april decline the reduction ton in stock prices was accompanied by a decline in the short interest or short sales bales in response to questions mr air whitney white said he thought between otte quteen e n and twenty million persons were trading on the stock market when the crash came in 1029 1920 the failure of the kidnapers DESPITE to restore tho the lindbergh baby after the ransom was paid by colonel lindbergh the belief persists in circles that the child will be restored to its parents the optimism seemed to spring chiefly from faith in the ability of dr john F condon of the jaisle Jafs le contact to reestablish establish re communication with the rang gang which to la believed to bo be holding the baby stolen from froin hla his parents home near hopewell N ja J on march 1 doctor condon Is reported to have told the members mer obera of some of his elas classes cs at new college that he had recognized the penmanship in nil the notes from the kidnapers as the handwriting of a former pupil it was supported too by tile tho grop tag ing conviction that the kidnapers as well as tho the babas father were double crossed by tho the mysterious individual who received the in currency from tho the hands of doctor condon on tile the night of april 2 in a lonely cornor corner of st nn cemetery in tho the bronx no word has come from the crial nals nale however since the money was paid in order that doctor condon can pursue tits his efforts to recover the bob anby y free of official interference re presen preson natives of colonel Lindh lindbergh ergh have requested bronx not to 0 o question him they agreed to heed tile ho request A new nod and puzzling angle was in ejected into the mystery when tits ills patches from london quoted an ar nr teclo in the dally mall that sonic of tile the ransom bills had been found ip the capital colonel revealed that efforts to trace the ransom bills had not provided a clew A wor woe in ia s questioned 1 1 hours in man fan A hn UW ln in the belief that it was a she lie iilo who tendered one of the bills in payment for purchases in a greenwich conn balc bakeshop eshop monday night hut but she elie finally filially was rc released with apologies P LANS for retaining the full light 1 ing strength of the united states fleet 1 in th the Paci pacific while condit conditions ions remain unsettled in the pat far east are being considered by administration officials fici als at present the scouting as well its as the battle force ab g in pacific waters orders however call for the return of the scouting fleet with its big eight inch gun cruisers crul scra in slay may it Is expected these 0 orders rd ers will be canceled the state deportment it Is reported noti notified fled navy nary department officials that if practicable it would like to have the scouting force retained in the pacific following the Ha hawaiian wallan and west const maneuvers which were concluded several weeks ago the understanding Is that the santo st ante department officials als took the position that main cenance of the fleet at ita full str strength in pacific waters would have a beneficial effect on the far eastern situation PRESIDENT RESIDENT PAUL VON berg who was reelected elected re president ident of acri germany anny in tile runoff run off election by an overwhelming majority issued n procla proclamation matlon accept ing tho the election and 18 the german 1 people for their rel expressions of y confidence lie he a lk pledged himself to 1 continue to serve my fatherland father landl and folk with all my pow power er true to my oath awill I 1 will continue to fulfill eftim my duty of re president present parties with jus justice taco hindenburg dominant iland with a fixed desire to help our fatherland to freedom and equality externally and to unity and progress at home he be said 1 the eighty four year old president again urgently all appealed caled to the german people to unite 1 I implore all german men and women whether they voted for or against me to cease their lings and close their ranks he said i again as seven years yeara ago I 1 appeal to tho entire german people to cooperate it Is necessary to unite all powers in order to surmount the present confusion and distress only by standing together are we strong enough to master our fate therefore in unity let us go forward with god A DOLF HITLER has been ordered aby A A by the german government to dis his army of national socialist shock troops and to end terrorizing izing activities for obiel it holds them responsible this sudden blow at the strong fascist organization cume came in the form of an emergency decree signed by president von motion burg this decree dissolved immediately till all quasi military organizations of the national see socialist workers party A punishment of a months imprisonment Is provided by the daree decree to which may be added a fine for any participation in the dissolved or support accorded it TUB irhe panic which swept over portions JL of argentine and chile as a result of the eruption ot of nearly a score of volcanoes in the andes mountains quickly subsided as the ire fire and aslea which had belched from the craters diminished scientists immediately began nn an in an effort to 31 discover scover what lind imd caused the phenomenon several parties of sets eels made air surveys of the volcanic regions meanwhile tile ho great area over which tho the ashes fell extending tile the entire width of the continent from mhd pacific c coast of chile to the atlantic chast of argentina and nd uruguay and about miles wide looked as it if it had been visited by a hen hea y snowstorm at some points the ashes were fe reported ported to be lying 14 inches deep alin IIII 1111 battle over immediate cash payment of tile eol soldiers diers bonus flared in III both houses of coil cung gref teea 49 TIM jay as tho house ways anil and means indans begun began hearings to determine whether tho the public should be asked to assume nn an two billion four hundred million lollar dollar cash burden to enable tile tho wor world id war or vo veterans to cash their adjusted com poli certificates the advocates of legislation permitting nili ting veterans to cash in their bonus certificates ot at once disclosed that they hore hope to float tile lie bonus law inny through congress ns as a rr asperity me allure rather than us its simply n bill to vot veterans erana upwards of two billions in cash spokesmen for the bonus law asserted its passage would start the united states back toward prosperity by increasing money to la dr ir cu lation boosting prices and reducing tile value of the dollar shortly after the bonus advocates had had their suy any the movement vemont mo for full fall pa payment of tile the bonus ana assailed in three quarters senator josep joseph it T dem ark donio dome cratic lender leader issued a statement in which lie ho asserted that 1 payment of the adjusted compensation cortil lentes would produce harmful results majority lender leader henry T balney dem and representative hamilton fish rep N aj Y also bonus laws BUTLE 11 of tho the J united states supreme court handed down a decision that throws a further safeguard around tile amer iann homo home against unlawful searches find and seizures SLl the decision affirmed tho the circuit courts decision that J 1 1 the prohibition nf cents who rattled on A mere t w wy i j m 3 arrest warrant tile the j now york premises X V 01 5 of dant daniel el at let lef ity koelz and I 1 0 lail lille o fal f parts used by them thein as headquarters for receiving 8 b bootleg 0 0 t I 1 e g alerce butler liquor orders and then took possession of all the papers and documents in the room were not legally jusli fled in so go doing tile tho I 1 supreme court holds the arrest of was properly made but says there la Is nothing in tho the record to support the claim that at the time of the arrest tho the offense for which tile warrant was issued or any other crime was being committed in tho the presence of tile the off officers leers the more mere soliciting li of orders from the room in connection with the other uses alleged in tile the complaint Is not to constitute tile tho maintenance of a nuisance thereon PRESIDENT and gover P 1 nor roosevelt won favor of tho the electorate in primary elections and conventions in wo alvo states in illinois although the delegates to tile the state convention are strutted ted it is bell believed eyed that a majority of those chosen favor tile the president for gove governor anor judge henry horner of chicago won the democratic deal nomination tion while tile the republicans choso chose former gov len small in braskas nebraskan Ne preferential primary governor roosevelt was the winner for or the democratic a substantial margin the slate elate of republican delegates favora president hoover whose name hame did not appear on the preferential ballot the prospects of both president hoover and governor roosevelt were strengthened by the action of three tareo state conventions 1 in missouri the like republican republica n 1 icon on volition instructed the entire tta to delegation of 45 to vote for I 1 hoofer 1 the florida republican convention lion pledged nine delegates at large to hoover district meetings gave him four more and two other district delegates remain to be chosen Kentuck ys entire democratic delegation of 20 was instructed by the state convention for governor roosevelt to vote for him as long ns aw ills hla name Is ii before the national convention HANCE does not take a fancy to F FRANCE the american proposals for disarmament arm amenti BS as presented by hugh 8 gibson the american representative premier andre tardieu of france rep resenting hla his government bitterly assal assailed led the plans at the geneva ev conference I 1 i 1 mr gibson proposed that tanks big guns and gases be abolished in the interests of security but he made no mention of battleships the most obvious hugh huah gibson sive weapon said M Tard tardley leu abolition of certain types of aggressive arms will not necessarily provide security be said but might on the contrary be disadvantageous vant ageous to an invaded country the only means to security lie ho declared Is common action against an aggressor this was generally accepted as aa PK restatement of the proposal for placing offensive forces at tile disposal of the league of nations in any case tho the premier reminded tile the conference this disarmament meeting Is under tile ho auspices of the league of nations and he suggested that non nonmembers members of tile the league keep this in mind mr propopis pro are wore in ili line with plans worked out by norman I 1 H davis day la in conference with preside hoover and secretary mao Sn a 1932 newspaper or UI union |
