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Show l . j News Review of Current Events the World Over Farm Board to Sell No More Wheat or Cotton This Year I Iowa Farmers Still "Striking" Germany ! Demands Arms Equality. By EDWARD W. PICKARD SALES of its wheat and cotton have , been stopped by the federal farm ! board until next year, according to the j announcement made by Chairman I James C. Stone. He PT""," ?! said the board and j 's"! the American Cotton v Co-operative associa- tion had agreed to the t j terms laid down by jX4 V--'! the Reconstruction S $ finance corporation 1 . 4 for a loan of 850,000,-1 850,000,-1 f j 000, stipulating that - $ their holdings of near- '&?CJ ly 2'000-000 bales of cotton be taken off J. C. Stone the market until 1933. Mr. Stone also announced an-nounced that the board had sold all ; Its stabilization wheat except 3,000,- j 000 bushels. This means the grain sta I bllizatlon corporation has disposed of ! more than 254,000,000 bushels of ; wheat since July 1, 1031, and more than 186,000,000 bushels since Novem- j ber 1 last The stabilization corpora- I tion, therefor, is no longer a factor f In the grain market It still holds what Mr. Stone called "a certain ! amount of futures contracts" which i will be held at least until after the j beginning of the next year. I A loophole for the disposal of the cash wheat was left by the provision ! that, though this wheat would be j kept off the market until the new i year, this limitation would not apply '. to possible sales to foreign countries not reckoned as important buyers of American grain, i In making the announcement, Chair man Stone explained that the purpose ' of the arrangements was to make a better market for the farmers. The cotton growers, he pointed out, will get the full benefit of the market for 1 their crop of this year without the price-dulling interference of the hold over crop. The Cotton Stabilization corporation and the Cotton Co-operative association, Mr. Stone said, would gradually liquidate their holdings hold-ings "during periods when more active demand is anticipated." IOWA'S striking farmers did not approve ap-prove of the truce called by the head of their "holiday" "ssociation and made preparations to renew the picketing of the highways around the larger cities. They also called on Gov. Dan Turner to try to induce the governors gov-ernors of several middle west states, 1 at a conference In Sioux. City, to in stitute an embargo "upon all foodstuffs food-stuffs from the middle western states at less than production costs." Pickets outside Sioux City wrecked a number of trucks and injured the drivers, but the sheriff's forces then got busy and dispersed them and removed re-moved from the roads the formidable obstructions placed by the farmers. In Nebraska the picketing was abandoned aban-doned for the present FINANCIAL circles of the country were intensely interested to read of the new plans for the Continental Illinois Bank and Trust company of Chicago, largest bank outside of New York city. The directors voted to nationalize na-tionalize the institution and to set up special reserves of $40,000,000 out of surplus to cover losses incurred. As a further mark of conservatism they voted a quarterly dividend of $2 a share in comparison with $3 in each of the two preceding periods and with a former annual rate of $16. The bank's capital remains unchanged at $75,000,000. The directors explained to the stockholders stock-holders that "the development of a plan for nationalizing the bank was suggested by recent legislative proposals pro-posals regarding the banking system of the United States, all of which indicates in-dicates a distinct trend In the direction direc-tion of a more unified national structure, struc-ture, strengthened and controlled by the federal banking authorities." FRED HOVEY of Omaha, Neb., has been appointed head of the agricultural agri-cultural credit organization of the Reconstruction Finance corporation and already is busy in his ollice in Wash- ..f-?" ington. For many f i' ! years Mr. Ilovcy has A 1 been connected with L i the Stock Yards Na- C . J tional bank of South s 1 Omaha. He is so fa- miliar with conditions j 1 and the needs of the J. ..-?-- nA stock raisers of the Vi ..;! West that officials of 5v1 the corporation feel he is especially well Fred Hovey fitted to carry out the live stock feeders' loan program. This is to be the first work undertaken by the new Agricultural Credit corporation corpor-ation and Is looked on as of vast importance. im-portance. THIS year's national air races at Cleveland wound up in a Maze of glory for Maj. James 11. Doolittle, who won the free-for-all race and the handsome Thompson trophy with his Gee Bee racer. His average speed for the 100 miles over a triangular course was 232.CSG miles an hour, and he broke all American records for speed around a closed course. Three days previously Doolittle with the same barrel-shaped plane set a new record for land planes, his average speed on four consecutive laps being 292.2S7 miles an hour. Mrs. Mae Haizlip of St. Louis broke the women's world speed record rec-ord for land planes by attaining an average speed of 253.513 miles an hour in four dashes over the three kilometer course. She won the Shell gold plaque. MEXICO has a new president in the person if Gen. Abelardo L. Rodriguez, who was chosen for the position by the congress after Pascnal ,..,,.., Ortiz Rubio resigned because of political differences and his ill health. Rodriguez, X ' who has been holding UJt the portfolio of min- (, 1St!r ' Wal' 'S 0Ile : : -';:J:i of the strong military W: -VmuL ''Sures in the repub-l repub-l -TTf ; lie and In 1320 sup-(JSa sup-(JSa vi S pressed the Escobar ; 'p1 M revolt. On taking of-"""" of-"""" ' flee he issued a state- President ment in which he Rodriguez said: "Naturally I shall continue the same friendly, cordial relations with the United States that have existed." In the new cabinet Manuel Tellez remains as foreign minister and Alberto Al-berto J. Pan! as secretary of the treasury ; several others were reappointed. reap-pointed. Gen. Pablo Quiroga was given the war portfolio. The entire diplomatic corps In Mexico City called on President Rodriguez, and hundreds of congratulatory messages were received by him, Including one from President Hoover. BOLIVIA was reported to have flatly flat-ly rejected the plea of the neutral Latin-American nations for a truce with Paraguay in their dispute over the Gran Chaco. The Paraguayans assumed that this meant war was certain and went ahead with their preparations. It was officially announced an-nounced in La Paz that a Paraguayan force had attacked a defense post on the frontier and was repulsed by Bolivian troops. Brazilian rebels in Sao Paulo state had an agreement with the navy that the latter would not indulge in hostilities hos-tilities for the time being; but the rebels fired machine guns on naval planes dropping manifestos over Montserrat, which seemed to end the semi-neutral attitude of the navy. Seven of its planes flew over Fort Itaipu at the entrance of Santos harbor har-bor and destroyed it with bombs. The federal forces were said to have made considerable gains from both the north and the south. WHILE the Germans were preparing prepar-ing for the crucial session of the reichstag, called for September 12 by Hermann Goering, the National Socialist president of the parliament, the s-?..J Von Papen govern-ment govern-ment was keeping the jf 3 rest of the world P greatly Interested if S not excited by Its pS i.r" s demand for the arms 6 Jk. A equality which Ger- & "H" many Insists was j& -rj promised her In the Jy ..'h jl Versailles treaty. The kj demand had been submitted to France Hermann in the form of an aide Goering memoire and some days later was given to the public by Baron Von Neurath, foreign minister. It is really an ultimatum, announcing that unless the equality in armaments is granted by the powers, Germany will quit the world disarmament conference. Before and after the publication of the note, Gen. Kurt von Schleicher, minister of defense, declared in addresses ad-dresses and interviews that If the demand de-mand were not granted Germany would arm anyway, and he was most emphatic In his statements. To newspaper men in Koenigsberg he asserted as-serted storniily : "I mean everything I have said. We will no longer stand for being treated like a second rate nation." Premier Herriot decided that France's reply to the Germans should be a refusal to discuss their demands, and In this he was upheld by the cabinet. cab-inet. He also disapproved mixing up mollification of the Versailles treaty with the disarmament conference, and in his answer said that If the Germans Ger-mans questioned the accepted Interpretation Inter-pretation of the Versailles treatv and the League covenant, the matter must he referred to arbitration bv the League council or the world court Some stress was also placed on the fact that the military claues In the treaty of Versailles form the b-is of many other post-war treaties and that the entire edifice of post-war Europe will be imperiled If they are tampered with. i ON SEPTEMBER 11, the eighteenth eight-eenth anniversary of the Battle of the Marne, a fine memorial of that mighty struggl- was presented to the French nation by America, whose citizens cit-izens to the number 4,000,000 contributed con-tributed its cost The piece of statuary, statu-ary, entitled "France Defiant," rises 130 feet above a GO-foot pedestal, on an eminence overlooking the battlefield. battle-field. It stand as high as a seven-story seven-story building, and is the largest monument in France. It was designed by Frederic MacMonnies and Edmondo Quattrocchi was the sculptor. The motif of the memorial is a woman symbolic of France at bay, supporting support-ing a stricken soldier son. An infant emblematic of the future clings to the hem of the woman's tattered robe. On the front of the pedestal is Marshal Joffre's famous message to l le French army on the eve of the battle: "At this moment when a battle Impends Im-pends upon which rests the fate of our country no one must look behind. All must unite to attack. Any troop finding itself unable to advance further must hold the ground and fight until death. No tetreatl" JOSEPH V. McKEE, who became mayor of New York on the resignation resig-nation of Jimmy Walker, was informed in-formed by the citizens' budget commission com-mission that the city pays more than $1,000,000 every day in the year for salaries for its employees. Therefore he got busy at once on economies In a way that made the politicians gasp. First he announced that his own salary sal-ary was reduced Immediately from $40,000 to $25,000 a year. Then he served notice that, after October 1, no city commissioner appointed by the mayor would receive more than $12,-000 $12,-000 a year. And more of the same sort was expected to follow. The budget commission pointed out that in the six years of the Walker administration 32,380 extra positions had been added to the city pay roll at a total cost of $120,033,223 a year practically a third of the year's entire en-tire payment for personal service. SCANDAL concerning labor employed em-ployed on government jobs has been transferred from western projects proj-ects to the lower Mississippi river val- ley. Charges have ps'i''wid been made that work-T' work-T' vl ers 'n river flood con-j con-j - . ' trol construction . , camps down there are ssj- v J he13 by contractors In a virtual state of 1 - 4 Peonage; that the I ,..j!H i men are working 12 . V hours a day and 7 " , days a week at very v-J small wages. Since fitf this fallg in the prov. Gen. L. Brown ince of the Department Depart-ment of War, Secretary Secre-tary Patrick J. Hurley took cognizance cogniz-ance of the charges and sent Gen. Lytle Brown, chief of army engineers, to make an investigation. LOS ANGELES, the prolific sourct of tragedies, provided another the suicide of Paul Bern, moving pio ture executive and husband of Jear, Harlow, a famous screen actress For reasons that at this writing ars unknown, Mr. Bern shot and killed himself in the beautiful home he presented pre-sented to his bride when they were married two months ago. He left a note that only added to the mystery, It said he was making good "the frightful wrong I have done you" and wiping out his "abject humiliation," and Miss Harlow insisted she did nol know what he meant and that they had been perfectly happy together. Mr. Bern, who was born In Germans 42 years ago, had been actor, stage manager and director, and In his work in pictures was very successful and popular. His associates said he had been acting strangely of late, and that his mother and three of his sisters sis-ters had committed suicide. One possible explanation for Bern's suicide was revealed when it was learned that for years before his mar riage to Jean Harlow he lived witli another woman. His brother asserted Bern continued to support her in a sanitarium after she had a nervous breakdown, and that Miss Harlow knew all about it For ten years this woman lived at the Hotel Algonquir in New York city as Mrs. Paul Bern and paid her bills with checks senl to her fortnightly from Hollywood bj the movie executive. She left the hotel ho-tel last winter and had her trunks shipped to San Francisco. RAPID progress on the government's govern-ment's $700,000,000 public building build-ing program was reported by the Treasury department in a review oi authorized projects. The report said that specific authorizations au-thorizations aggregated $496,403,942 and that 230 buildings costing S71,-400,219 S71,-400,219 had already been completed. It further reported 3S2 projects with a total cost limit of $324,588,323 were under contract either in whole or in part In regard to 130 projects costing $42,172,900, the treasury said they either were In the specification stage or that bids had been received for their construction. It was explained that Secretary Mills had not yet determined on the expenditure of the J100.0OO.iiO0 provided pro-vided in the relief act for public buildings. MOST widely known of those who died during the week was Sir Gilbert i'arker, Canadian novelist, traveler, lecturer and politician, who passed away in London at t lie a-e of sirty-nine years. He first rained fame as the author of "The ni.-lit of Way" and other novels. P if::. Western New,-; a;;.: L:..n. |