| Show news review of current events the world over the ilic united states joins great britain and france in in recognizing the new spanish republic hoover upsets coolidge Coolid gc precedent by EDWARD W PICKARD the united W WITH states G great r e a t britain Urit france and several smaller republics of the world according tile the new government at madrid headed by nicoto niceto nicol nicel 1 alcala zamora f formal 0 r m a I 1 recognition republican ex has come promptly into being abeln president dent the rg recognition of zamora the g spanish republic by the british government served to clear tho the way for similar action by the united states secretary of state henry L I 1 stimson instructed the american ambassador to spain jo to advise the republican government of the action taken by washington by the united states was as said to have been hastened by the consideration urged by Presh president lent zamora that a general recognition of the now government by tho the great powers will tend to strengthen it of at homo home and enable it to maintain order although ambassador irwin 11 II Laughl laughlan ln Is to continue at for the time being ills retention tion there will depond depend uton upon tits acceptability to tile the republican govern mont there have been reports that the ambassador who Is a pittsburgh steel millionaire has publicly expressed a low opinion of the republicans forming tile tho new government the provisional government announced it would all debts of tho the monarchy this resulted in strengthening of stocks and securities on the exchange HE federal farm board during the T THE w week eck announced its decision to offer f for or sale on tile the Nur european market mark t as aa ra rapidly eidly as possible the huge at surplus I 1 r of wheat acquired under tie the I 1 wheat stabilization operations of 1030 31 it has been estimated the surplus of such wheat controlled by the board will be approximately bushels by july 1 next the board Is of the opinion th that nt such euch bales can bo be made without depressing rg domestic wheat prices the government purchases were mado made at fin an average price of about 02 cents a bus beshel liel and tho the estimate has been made that the board might suffer buffer a loss as aa high as 60 50 per cent in sales on title this wheat if made in europe at the present time advice to farmers to store their grain on the farm Is extended it will cost about one third of the tha regular carrying charges it if the wheat Is stored on tho the farm itself the attempted solution of the problem so fur far as the board has worked it out appears to be that the board Is going tu to try to unload its surplus when and where it can BO be tar far as it can without bring las ing about too great a slump in the market the farmer Is then to be asked to help carry the load of tile corning coining crop and the boari will offer jilin him a tentative promise alse of aid through co operatives an additional incentive to tile the farmer to join a cooperative james S stone chairman of the board announced that the government had bad sold bold bushels of wheat abroad recently at a figure above the world price decrease of superior product T THE in e sa age of secretary y of state stata stimson americans Amer leans to get out 0 of the tha interior of ban dit infested nicaragua was sent to the american ak legation nt at managua mai I 1 and to the tha american consul at the message dratted by sc secretary ret tiry secretary eon con after lie had bud talked to president hoover wua was as follows follow in view of outbreak or of banditry in portions of nicaragua hitherto free from such auch violence you will advise american citizens that this government cannot undertake general protection of americans throughout that country with american forces to do so BO would lend lead to difficulties and commitments mit ments which this government does not propose to undertake therefore the department recommends recommend a to all americans Amer leans who do not feel secure under the protection afforded them by tile the nicaraguan government through the nicaraguan national guard to withdraw from the country or at least to the coast towns whence they can be protected or evacuated in case of necessity ces sity those who remain ilo so at their own risk resl and must not expect amerlean american forces to be sent bent inland to their aid six years yeara ago calvin coolidge thea president affirmed lu in an address la in vew bew york what he called the distinct and binding obligation on the part of self respecting governments to afford protection to the persons and property of their cItI wherever they may be this american doctrine stimson now amends american protection by the now policy follows american alti zens zena ashore but not to the interior of rebel infested nicaragua H LJ interesting at tills time Is the announcement that the ifie soviet government has hag decided to adopt a new wage system known its aa the Khom lot which apparently changes the governments policy and amplifies the inauguration of riece piece work it Is to go into effect at once the wages of workers wor kera according to soviet authorities will not be based on the communistic theory of equal division but on the capitalistic idea ot of reward ina individual efforts in skill and ability tile the word literal literally 11 means economic accounting it 1 Is interpreted in tile decree to mean that each factory plant collective farm mine railroad and such henceforth must take the responsibility of ful filling contracts and adjudging wages without interference from trade un tons although certain elements among the file disciples of lenin view the sinnova tion alon regretfully as a compromise with capitalism the government hopes the system will speed IP production I ead ors era affect to see tile the ns as tending to eliminate waste and fix Bs re for managers ina and workers H HIGH GI in the list of encourage ing comments on tile the business situation Is accorded that of W babson the trade prophet who told president hoover that better times are on the way business tie lie said has turned arned the corner and now Is definitely on the up roger w grade babson in almost every y line itne of industry there are some con cerns cerna which in march showed an in crease in earnings ovo ove february what to la more important they showed an increase for this athla march or over er a march larch of last year certain of the railroads also have hare turned the corner tie ho said mr babson has earned the right to be listened to when ahro he bo ventures upon the thin ice fee of economic prognostication ti statistics being his dally diet he asks tile the country to observe the statistics of car loadings these are steadily increasing they have nl al ways waya been of barometrical sig nill canco cance when lien freight to la moving factories are working and shipping mer chants lire are buying and customers are consuming in every key industry statistics show allow that one or two big firms have turned tile the corner promising that smaller fry too are headed out of tile red it the american people turn their raise gaze from the big board in wall street to the bigger opportunities which await them in constructive it ill lons of every sort tile the upturn foreseen by mr air babson will come all the sooner and all the surer recognition of the imperative I 1 ro lve necessity of solving tho the problem of unemployment Is a seen in the complete ration leation of the united 4 8 states 1 a t 0 a employment se service rylee with 43 state employment bureaus and one in tile the district of 0 columbia and seven special central secretary ac v divisions established doak n i to deal with tile the problems of various trades miles announced fly by william N doak secretary of labor john it alpine of new york will headtke hend the now new setup set up willell which has s SOO of fit appropriations available fur for its ita work francis L jones Is to continue as aa director general pe with supervision also over the special mining and quarrying trades division aion the veterans Vote ralls placement service will be maintained nation wade in its scope rind and tile the farm employment service will be expanded the united states employment service has decided Secret secretary nry doaks announcement said to open up at least one emp employ inen bureau in each of the states and the district of columbia to co operate cooperate with state and local authorities A coordinated co service throughout tho the entire country will undertake in the atie broadest sense to take care car e of interstate labor placements in coop co op aeration with employers and employees giving employers employ era a ready held from which to draw all needed labor necessary nery to carry forward any kind of works M MUCH to the surprise of financial financial circles stockholders of tho the united states steel corporation adopted a proposed pension plan under which james jamea A farrell president and tor for several years a leading figure in the steel industry would automatically retire on reaching rea chlus the age ot of seventy or in 19 1053 mr parrell farrell was a leader of those to IB favor of the new plan pointing out that the 0 old id one had been unsatisfactory there or are others in the groat great united states steel corporation who will retire ti re it if the plan la Is adopted it provides 05 65 for voluntary retirement and 70 for compulsory 0 n pul sory es I 1 in n t this h c lass class soon boon would fall I 1 IS J buffington president of 1111 illinois steel joshua A Ilat neld president of amer ficai bridge wari ward n pepley preal dent of canadian steel J S keefe president of american steel wire and C U W pargny president of american sheet 1 it tin all these are subsidiaries the retirements would fall between 1033 and 1035 it was pointed out that mr gary as chairman of the board of directors worked nt at his steel until lie died ten years later than the proposed retirement plan would require it may be that sonic some other plan will affect mr air Ir irn rrell tirrell that lie too may carry on but the pension plan says 70 ITH more ease W wy T than he himself 0 expected donald cornea comes safely through the tempest of a serious parlia 4 m e n t a r y setback stanley baldwins baldvins Bald wins motion of censure nu an 1 open and beralde her alde effort to drive daiv e the macdonald govern in e n t out of office was wag defeated ramsay by a majority macdonald of 54 votes lloyd george whose liberal follow following ng holds holda the balance of power in the house housa of commons turned the tide to macdonald when he denounced the con lve motion as unfair of 58 lib oral eral votes macdonald received 35 the conservatives only 10 the remainder not voting or absent quite evidently great britain to Is in no mood to fall victim to political spellbinding it knows that none nona of the political leaders possesses a magic world wand that can charm away the disastrous consequences of the war the nation must climb a long ong and weary trall trail and it Is prepared to do so doubtless tile the indian situation w which aich has been one of the calef causes 4 for the depression in the british textile industry because of the indian boycott on british goods was an important Port consideration with the liberals in supporting Al macdonald acDonald B E I 1 I 1 B F that the tj re revolution v alution in honduras on dur as Is related with operations of the ln in sur genta under au gustino sandino in nicaragua has gained ground among observers of central american W politics it Is pointed out that geri gen gregorio Gre Ore gorlo ferrero Eer rera head of the fausto revolutionary movement davila me t in honduras flon durns Is 0 penly openly opposed to united states intervention activities sharing Sandl nos views in this regard F ferrera errera was in Blex mexico leo a year ago ile he Is of indian blood and hits has a large following among the laborers on the large united states banal a plantations of the north coast of honduras dr jesus castro honduran charge daf daff faires alres nt at mexico city who recently returned from a visit to tegucigalpa said president iella colindres Coll refusal to admit ferrera into tits his cabinet was the probable cause causa of the revolution ile iio la Is confident it will fall as the president has an influential backing and a well trained army dr vicente kiejla colindres Coll was singed president of honduras in the last election and was inaugurated on february 3 1029 1929 municipal elections lust last december gave the liberal party a majority julius G lay iny united states minister in honduras reported to tile the state department that in tits his opinion tile the revolt would wool soon out lie he sold sald no military or political figures of consequence appear to be connected with it fausto davila Is the premier arid anil foreign minister of Ilon honduras duras and la Is considered by south american diplomats it at washington ns well able to deal with the situation A STATEMENT setting out the attitude of newton new ton D linker baker of cleveland former secretary of war toward talk of ills hla candidacy tor for the Denio democratic cratIc nomination for tile the prest dency la Is accepted by politicians as clearing the atmosphere issued by W B gongwer Cong an ohio democratic lender leader after a conference with mr fr caher baker tile statement sta nent ind andl bated that the ex secretary will not nol do anything to obtain tile the mimi nation but lie he will not refuse it fc hould it come to him harn it if the democratic nation at al convention Is unable to agree on any of the active candidates during the scramble tor for delegate delegat to the convention mr baker will not use his bla influence in behalf of any particular candidate the statement also said the rhe many kind things said about newton D raker baker as a possible democratic canal date for the presidency are certainly gratifying to mr fr bakers friends and naturally to him in my conversation with mr baker mateer he be has shown verl ver great interest in the bartys platform but no interest in possible ble candidates and all d I 1 do not believe he lifts hns choll changed get lila ills former judgment on the subject this tins has always been that h he had n desire for further political crmen of anny kind U L im beetem na atar union |
