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Show News Review of Current Events the World Over Congress Approving the President's Rehabilitation Program Pro-gram Step by Step Oliver Wendell Holmes Resigns From the Supreme Court. By EDWARD W. PICKARD "VN'LY eight senators out of 81 vot- ' Ing opposed the passage In tlie senate of the administration's bill creating a reconstruction finance corporation cor-poration that will ex-tend ex-tend S2,0(JO,000.(iiO ,uA-&b credit to banks, insur-i insur-i ; ance companies, rail- rl roads, mortgage loan fSr 'JSCr conlPan,,'s' farm credit I and other associations. , r : A similar measure I jg&s ,f wns rushed rapidly t ' j througli the house. , r and before the close t ' ,Joy A of the week President l....... ! Li Hoover had the satis- . faction of signing the Senator E. D. net enlh()lyi1(; his Smltn most ambitious plan for the financial rehabilitation of the country. Debate of the measure In the senate sen-ate was chielly over proposed amendments, amend-ments, many of which were offered and few were chosen. The most Important Im-portant amendment adopted was proposed pro-posed by Senator Ellison D. Smith of South Carolina. It added a new section sec-tion to the hill authorizing an appropriation appro-priation of S."j0.000,U00 for use by the secretary of agriculture to extend loans to small farmers. It stipulated further that the .f-iri.000,000 now remaining re-maining in the drought relief fund should be applied to such loans. During the discussion there were frequent and fierce attacks on the banking Interests, especially those of the "international" variety which are being accused of questionable methods meth-ods and elides in the flotation of foreign for-eign securities in the United States. The eight men who refused to vote for the bill were all from the western states. They were Norrls of Nebraska, Nebras-ka, Brookhart of Iowa, and Blaine of Wisconsin, all "progressive" Republicans, Repub-licans, and Bratten of New Mexico, Bulow of South Dakota, Connally of J Texas, McGill of Kansas, and Thomas of Oklahoma, all Democrats. PROCEEDING with the economic program, the senate put through the bill Increasing the resources of the federal land banks by $125,000,000. Meanwhile subcommittees began hearings hear-ings on the $150,000,000 home loan discount bill and the $750,000,000 depositors' de-positors' relief bill. The senate finance committee continued con-tinued the taking of testimony relating relat-ing to the deals of our international bankers In foreign securities, and it was often most interesting. For Instance, In-stance, it was brought out that Secretary Sec-retary of State Stimson and Francis White, assistant secretary, took an active part in ironing out an alleged misunderstanding between the Colombian Colom-bian government and a syndicate headed head-ed by the National City company, which early in 1931 temporarily withheld with-held a payment of $4,000,000 on a $20,000,000 credit arrangement. Also, Oliver C. Townsend, formerly commercial com-mercial attache in Peru, said he was severely reprimanded for making a pessimistic reports on the financial status ot Peru when that country was trying to float a large loan in the United States. NEARLY ninety-one years old and growing feeble physically, Oliver Wendell Holmes voluntarily brought to an end his service of thirty years as as associate justice of the Supreme Court of - the United States. The venerable and beloved if1 : jurist sent hisresigna- y. " tion to President Hoo- TjJI ver, who reluctantly V V. accepted it, writing: 1 -' "I know of no Ameri- ia -can retiring from pub- J: v J lie service with such . a sense of affection i;., and devotion of the V, A whole people." Only ., . . . Justice O. W. the dav before Mr. , , , -r , , Holmes Justice Holmes had rendered a decision with characteristic character-istic pithy phrasing, but his voice wavered wav-ered and he had to be helped from the bench and into his automobile. So he penned his letter of resignation, closing: clos-ing: "The time has come, and I bow to the inevitable." There were many suggestion for i successor to Justice Holmes, among them being: Newton D. Baker, Wilson's Wil-son's secretary of war; Curtis D. Wilbur, Wil-bur, Coolidge secretary of the navy; William Dewitt Mitchell, Hoover's nt-torney nt-torney general; John W. Davis. 1924 Democratic Presidential candidate; William S. Kenyon, judge Eighth district dis-trict United States Circuit court; Robert Rob-ert Von Moschzisker, former chief justice jus-tice of the Supreme court of Pennsylvania; Pennsyl-vania; Benjamin Nathan Cardoso, chief judge. Court of Appeals. New York, and Learned Hand, judge Second Sec-ond district. United States Circuit court. Middle westerners put forward also the name of James II. Wilkerson of Chicago, who about the same time was elevated by the President from the district court to the federal Circuit Court of Appeals. WHEN Gen. Charles G. Dawes informed in-formed the press that he would retire re-tire from the ambassadorship to Great Britain after the disarmament confer ence gets under way, he created a great (lurry among the minor politicians, politi-cians, some of whom assumed that he was putting himself in line for the Republican Presidential nomination If the opponents of Mr. Hoover could prevail. But the genera put an end to such speculation in just such a statement as might be expected from him. In it he said: "I cherish for President Hoover the highest admiration admira-tion and deepest affection. Any intimation inti-mation to the effect that in any possible pos-sible way or under any possible contingency con-tingency he will not have my loyal and entire support is an insult to me. "I find both parties and all the people peo-ple standing behind a legislative program pro-gram of reconstruction, which Is a common-sense program. It is based upon an old-fashioned idea that our government should always raise the money to pay its expenditures and not borrow it. "As for President Hoover, whatever may be temporary political reactions and they are unimportant In such times he has made a record in Presidential Presi-dential Initiative and constructive ac eomplishment unparalleled in the eco nomic history of this nation or of any other. He has done this without fa I tering and without discouragement." C PEAKING of resignations, it may be recorded right here that James A. Farrell resigned the presidency of the United States Steel corporation, effective April 18. He has held the position since 1911 and would be retired re-tired automatically in February, 1933, but says he believes "the time has now-arrived now-arrived for my successor to be appointed ap-pointed in order to establish the management man-agement upon a more permanent foun dation composed of younger men." Mr. Farrell will remain on the board of directors. M ETIREMENT of Dwigbt F. Davis from the position of governor general of the Philippine islands had been long expected, for Mrs. Davis is in ill health and can-r.o! can-r.o! live in the tropics. s'.4., , j President Hoover "'f ' '".;! promptly sent to the li: ::M senate the name of l Theodore Roosevelt, Z governor of Porto 11 '' -. ' "" ' Rico, as the successor I ; f to Mr. Davis, and the ' selection, also no sur- I V- ' prise, was generally V"J conlmen,,e3. Colonel 't Js Roosevelt, son of the former President is Col. Theodore forty.four years old Roosevelt and nas ma(Je nn ex. cellent record as governor of Porto Rico, where he has been since 1929. He was assistant secretary of the navy from 1921 to 1924, in the latter year being the Republican candidate for governor of New York, but was defeated. de-feated. His war service Included participation par-ticipation in practically all the offensive offen-sive operations of the A. E. F. Roosevelt's successor in Porto Rico is likely to be James R. Beverly, attorney at-torney general and second ranking officer in the island government. RETURNING to the doings of congress: con-gress: The house ways and means committee began Its hearings preliminary prelim-inary to drafting a bill for increase of taxes. Secretary Mellon of the treasury treas-ury and Undersecretary Mills were called to explain their department program, which is designed to raise a billion dollars in revenue by boosting income rates all along the line and by levying taxes on many things the ordinary or-dinary citizen enjoys automobiles tobacco, amusements, radio as well as such conveniences as bank checks and telephone and telegraph messages. The judiciary committee of the house had before it the resolution of Representative Wright Patman of Texas for impeachment of Secretary Mellon. The Texan set forth his charges of "high crimes and misdemeanors" misde-meanors" based on Mr. Mellon's alleged al-leged connection with business In violation vio-lation of law. The secretary was represented rep-resented by Alexander W. Gregg, former for-mer solicitor of the internal revenue bureau. MRS. HATTIE W. CARAWAY of I Arkansas, widow of Senator T. H. Caraway, is now a senator in her own right, having been elected to that high post by the people of her state. She is the first woman ever elected to the senate. Her victory at the polls was a foregone conclusion as soon as fiie Democrats nominated her. There were two "independent" candidates but they didn't get many votes. Mrs. Caraway made no campaign. She remained re-mained in Washington, serving in the senate under a temporary appointment from Gov. Harvey Parnell. THOSE Democrats who oppose the nomination of Franklin D. Roosevelt Roose-velt for the I'residency felt they had gained a point when the national committee com-mittee sold the national convention to Chicago. "Sold" is the right word, for the prize was frankly awarded to the city that would guarantee the most money for the convention's expenses. The Chicagoans offered $200,000 outright. out-right. The opening date is June 27. POLITICAL scheming resulted In the upset of the French cabinet and conditions in Paris were described as chaotic. Premier Laval handed to President Doumer the resignations of all the ministers except himself, and tried hard to get the support of the radicals, offering the post of foreign minister to Edouard Herriot. That gentleman declined, stating that his party could not participate in the government gov-ernment until after the spring elections, elec-tions, and so Laval was left no course but resignation. Laval then formed another cabinet from which Briand was omitted. It was assumed that there would be no change in France's foreign policy at the reparations rep-arations and disarmament conferences. confer-ences. CHANCELLOR BREEDING, who recently re-cently declared Germany could no longer pay reparations, failed to get the support of the Nationalists and Fascists for his plan to have President Von Hindenburg's term extended by the reichstag, and Is said to have threatened to resign. The chancellor sought to create an "iron front" in preparation for the reparations conference con-ference but could not do so. Bulgaria also has announced that it can pay no mo.'C reparations. SECRETARY OF STATE STIMSON is at peace with Japan again and the incident of the assault on Consul C. B. Chamberlain by Japanese soldiers sol-diers In Mukden is -, considered closed with j J the punishment of ,7 ' 1 those who actually x "j participated in the at- 1 tack. Tokyo offered s j also to discipline Ma- jor General Ninamiya, j commander of the mil-1 mil-1 v s 1 itary police, and his t j subordinate ollicers, , ( held responsible for js2 the actions of the military mil-itary police. Putiish-C. Putiish-C. B. Chamber- m(;nt Qf Q majf)r gen. eral in such cases is rare, and the secretary accepted the other punishments as sufficient and asked remission of the punishment of the general and his subordinates. The neutral commission of investigation investi-gation fathered by the League of Nations Na-tions will leave Europe at the end of January for Manchuria, where it will he joined by Gen. Frank R. McCoy, the American member. ATTORNEY General William D. Mitchell began a searching investigation inves-tigation into the enforcement of criminal crim-inal laws in Hawaii, with especial reference ref-erence to the recent killing of a native Hawaiian who had been accused of attacking the wife of a naval officer. Crime conditions in Honolulu are wretched, according to a report of the house naval committee, and some congressmen con-gressmen think it may be necessary to change the organic law of the territory terri-tory to make the islands safe for white women. Meanwhile1 the naval officer concerned, con-cerned, Lieut. Thomas H. Massie; his mother-in-law, Mrs. Granville For-tescue, For-tescue, and two enlisted men are under charges of having murdered Joseph Kahahawai, one of the men alleged 'to have attacked Mrs. Massie. The lieutenant indicated that he would be satisfied with a trial in the local court, and though there was opposition to this in navy circles In Washington, Secretary Adams decided that all the defendants should be turned over to the territorial authorities. Gov. Lawrence Judd called a special session of the territorial legislature to consider Honolulu's crime situation. LEADERS of the dry forces of the United States, aroused but by no means dismayed by the activities of the wets, held a big five-day conference confer-ence in Washington to Inaugurate what f1" , they declare will be a fi VSj year of "the most In- i ;,;MS" - J tense activity since ii ! the adoption of the 6 Eighteenth amend- ment." These big guns i , of the Anti-Saloon ' league and a large ' ', number of their adher j ents made and listened , to red hot speeches j and laid plans for the .... .- i F. Scott Mo- 19132 national cam- . , m, Bride paign. They formulated formu-lated unified action on the proposed resubmission of the dry amendment to the states, which the league opposes, and arranged for public meetings everywhere and the wide circulation of literature. Most prominent among the speakers and planners in the convention were F. Scott McBride, general superintendent superin-tendent of the league; Bishop YV. N. Ainsworth of Birmingham, Ala.; Gov. William H. Murray of Oklahoma, Senator Sen-ator Morris Sheppard of Texas, Patrick Pat-rick Callahan of Louisville and Ernest H. Cherrington. general secretary of the v'orld League Against Alcoholism. CHICAGO was the scene of a momentous mo-mentous gathering of railway union leaders and railway presidents, assembled to endeavor to reach a settlement set-tlement of their mutual problems of wages and employment. Ignoring the many complications in these problems, it may be said that in general the railroads rail-roads propose a wage cut of 10 per cent, which they would like to have the unions accept voluntarily; and the workers put forward a program for stabilization of employment, lessening les-sening of unemployment and relief for the jobless. Both groups expressed the hope that an agreement would he reached. (. 1932. Western Newspaper Union. |