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Show News Review of Current L Events the World Over Morgentliau Made Acting Treasury Head, Woodin on Indefinite Leave President on Relief and Employment Employ-ment Soviet Recognition Negotiations. By EDWARD W. PICKARD SOUND money advocates were rather dismayed though perhaps not surprised sur-prised by the sudden shift of treasury officials that has taken place in Wash- V r 4 Henry Mor- 1 n g t o n. Secretary Woodin, still suffering suffer-ing from the throat affection that has troubled him all year, sought to resign, but President Roosevelt Instead gave him an indefinite leave of absence. Dean Ache-son Ache-son then, at the President's Pres-ident's request resigned re-signed as undersecre-tflrv undersecre-tflrv of the trpnsitrv genthau, Jr. fln(J Henry Mor;en. thau, Jr., was appointed to succeed him, thus becoming actual head of the department during Mr. Woodin's absence. ab-sence. The inference drawn, and it is inescapable, is that now the treasury will be dominated by inflationary policies pol-icies designed to raise prices for the benefit of the farmer. Mr. Morgenthau, long a close friend and adviser of Mr. Roosevelt, is one of the Cornell university group that in-. in-. eludes Prof. George F. Warren, coauthor co-author of the gold buying plan So far as known Mr. Morgenthau has never advocated currency inflation infla-tion via the printing press. As governor gov-ernor of the farm credit administration administra-tion he has been more conservative than many farm leaders would have liked him to be. His main concern, however, is for agriculture and his associations as-sociations are with men who have developed de-veloped radical and inflationary ideas for meeting present conditions. The new undersecretary is a farmer and a farm publisher. He owns a large fruit and dairy farm In Dutchess county, New York, where he specializes special-izes in raising pure bred Holstein cattle cat-tle and Red Mackintosh apples. He became interested in agriculture as a boy when he spent considerable time on ranches in the West On graduation gradua-tion from high school, he attended the agricultural college of Cornell university, univer-sity, to equip himself for scientific farming. During the World war he served as a lieutenant, junior grade, In the navy. His father was chairman of the finance committee of the Democratic Demo-cratic national committee during Wilson's Wil-son's first term and held numerous diplomatic dip-lomatic posts, Including ambassador to Turkey. Mr. Acheson's retirement, according to observers In the National Capital, Is likely to be followed before long by the resignations of others not in accord ac-cord with the gold purchase scheme, these Including Prof. O. M. W. Sprague, financial adviser of the treasury; Director Di-rector of the Budget Lewis Douglas and Gov. Eugene Black of the federal reserve board. Mr. Woodin announced that he would go to Arizona in search of renewed re-newed health and that he would accept ac-cept no salary from the government during his leave of absence. The belief be-lief is general that he never will return re-turn to his post GOVERNORS, mayors and relief administrators ad-ministrators in large numbers gathered In Washington to pledge assistance as-sistance In the government's drive to put 4,000,000 persons back to work within a month, and President Roosevelt Roose-velt told them that relief of the needy must not be made a political football. Said he: "l'our national government Is not trying to gain advantage one way or the other out of the needs for human relief. We expect the same spirit on the part of every governor of the 48 states, and we expect the same spirit on the part of the mayors and relief administrators. "We would like to have a rule that everyone associated with relief work never ask whether a person needing assistance be Democrats, Republicans, Socialists or anything else." Mr. Roosevelt described his gigantic employment venture, which will be engineered by Harry L. Hopkins, relief administrator, as a "partnership between be-tween the United States, the states and local governments In which all are expected to do their share." "The effort we now are engaged In," he said, "is to put 4,000,000 people on the Job so that we can honestly say this winter Is not going to be like last winter or the winter before. At least half of the 4.000,000 are now on what we call a dole. When people are on a dole something happens to them mentally. The sooner we can take then off the dole the better off we will be." Expenditure of $ 100,000,000 for the work projects on which the 4,rxX),WIO will be engaged, the President said, would not add to the financial burden of the country. "Wo nre going to dike this money out of th public works fund, but It means pulling the money to good use," Mr. Roosevelt explained. D';Ti:i:..il.M:i' to give the mono-l.-iry plan of I'mlevKurs Warren li 1 1 ' I I(o"er full eh.-irne to work out, (lie I'll -l. III. II "US Stilled Hlllhorl-tfltivl;.. Hlllhorl-tfltivl;.. tv'M lint chtltlgo Ills (Mi) Icy nt j,i-e e. i. I, it fail'i. he stands ready to turn to devaluation of the dollar and return to the gold standard. In Its first three weeks the program of buying gold at premium prices at home and abroad raised the price of gold considerably, and the sponsors of the plan assert it also has been responsible re-sponsible for the rise of 4.1 per cent in commodity prices. The "committee for the nation," whose Ideas are largely embodied in the present monetary program, now has a rival organization, known as the "committee on monetary policy." It was formed by 2G business and industrial indus-trial leaders of Chicago who indorse the stand recently taken by a group of mid-western university professors against tinkering with the monetary unit. The new committee thus sets forth its policy: "1. Recovery can be achieved only through an increased volume of business, busi-ness, which increases wages and the whole national income. "2. The fundamental condition for an Increased volume of business i? confidence in the dollar and in the national na-tional credit, and a reasonable expectation ex-pectation of profit for individual enterprise, enter-prise, in industry, in trade, and in agriculture. ag-riculture. "3. Confidence In the dollar and In the national credit demands that currency cur-rency experimentation be abandoned, and that depreciation of the curreucy be stopped before it gets out of hand. "4. A higher price level is desirable only if accompanied by Increased income in-come for farmers, wage earners and business men, big and little and this cannot be achieved by manipulation of our currency. "5. Further depreciation of the dollar dol-lar by government action is the road to printing press money, which means the further disorganization of agriculture agricul-ture and industrial production, and the ultimate impoverishment of the nation na-tion of its wage earners, Its farmers and of every Individual citizen, debtor and creditor alike. "6. An announced determination to return to a fixed gold standard, giving effect to current needs and experience, is Indispensable to elimination of uncertainty un-certainty and to the restoration of confidence in the dollar." WITH the earnest, not to say eager, assistance of William Bullitt, Bul-litt, special assistant secretary of state for Russian affairs, the conver- ICS 'irf ft W. C. Bullitt sanons leaning up to recognition of the Soviet So-viet government proceeded pro-ceeded In Washington. Washing-ton. P.ut because the matter was so complicated, com-plicated, and because President Roosevelt Insisted on discussing with M. Litvlnov the Issues previously covered cov-ered in the State department de-partment by Under-secretary Under-secretary William Phil lips, the negotiations went Into another anoth-er week. The expectation was that they would be concluded before the President left Washington for his Thanksgiving holiday in Georgia, but Mr. Bullitt said that while this was possible, the business might take longer. long-er. It appeared Mr. Roosevelt was not satisfied to let the matter of economic eco-nomic relations and the question of the Russian debt to Americans go over until after formal recognition. Senator H. D. Hatfield of West Virginia, Vir-ginia, one of the few Republican senators sen-ators who has been bold enough to attack at-tack the NRA, also has come out strongly against the recognition of Soviet Russia, but rather ridiculously he bases his objection mainly on the ground that the Russian Communlst3 are atheists. Further on In his argument the senator sen-ator becomes more rational, saying: "Is our trade with Russia to be flnnnccd by the American government? If so. what are they going to pay us with? Are they to pay us In goods? Then, that means displacement of so many Americans from present and future Jobs. Are they to pay us with money obtained from exports to other nations? If so, then they displace by so much our exports that formerly went Into these markets." PRESIDENT ROOSEVELT left the Capital for his Thanksgiving holiday at Warm Springs, Ga., and Ambassador Ambassa-dor Sumner Welles came up from Havana Ha-vana to tell him personally about developments de-velopments In Cuba. Though many of President Grau's supporters are bitterly bit-terly opposed to Mr. Welles, and Senator Sen-ator William II. King of Utah has asked the State department to withdraw with-draw him from his post. It seems certain cer-tain that the ambassndor will remain there Indefinitely. EDWARD N. HURLEY, nn eminent manufacturer and financier of Chicago Chi-cago who was chairman of the United Stales chipping board during the war, died suddenly of leukemln complicated compli-cated by pneumonia. William K. Vandcrbllt III, one of the country's wealthiest young men, was killed In an automobile nrrldent In Sonlh Carolina as he was on his way from Miami to visit his mother In New York. GERMANY responded nobly to th demands of Chancellor Hitler for support of his foreign policies. Nearly forty-three and one-half million persons, or 90 per cent of the electorate, went to the polls, and of this vast number only a few more than two million voted "no" to the question submitted to the plebiscite: "Do you approve the policy of your government and are you ready to recognize rec-ognize It as an expression of your own view and your own will and solemnly pledge yourself to it?" The voters elected 061 members of the new reichstag, and all of them had been picked by Hitler. But this was not remarkable, since no name not so selected was permitted on the ballots. Nazi agents throughout the country worked hard to get out every vote, and their success was extraordinary. O EPRESENTATIYE DICKSTEIN of New York and his house committee commit-tee on Immigration and naturalization arrived In Washington and began their Investigation of alleged Nazi activities in the United States. GERMANY having taken itself -J out of the disarmament conference, confer-ence, Italy now announces it will participate par-ticipate as an observer merely, and the Hungary effectives committee says it will maintain a like attitude. Moreover, More-over, Italy declares it Ignores everything every-thing approved by the great powers since July 15, when Germany accepted the original MacDonald plans as a basis for discussion ; this includes the London and Paris agreements and the plan which Sir John Simon offered the day Germany left the League of Nations. Observers In Geneva were forced to the conclusion that the disarmament dis-armament conference In its present form was doomed to failure. INTERESTING, whether true or not, was a copyright story in the New York Daily News to the effect that Al Smith's visit with President Roosevelt Roose-velt at the White House concerned these shifts and appointments designed de-signed to overcome the advantage gained by the fusionists in the New York election: L Resignation of William H. Wood-In Wood-In as secretary of the treasury and the appointment of John J. Raskob as his successor. 2. Resignation of Jesse Isidor Straus as United States ambassador to France and appointment of United States Senator Royal S. Copeland as his successor. 3. Appointment by Governor Lehman Leh-man of Al Smith as senator to take Copeland's place. 4. Designation of Postmaster General Gen-eral James A. Farley as the next Democratic candidate for governor of New York. GREAT BRITAIN Is alarmed by the naval building programs of the United States and Japan, and the government gov-ernment announced In the house of commons that It Intends to build larger warships within the limits of the naval treaty of 1030. G::oRGE W. NORRIS, the veteran senator from Nebraska, has had to stand for lots of abuse In the past because of his determined advocacy if C' hi Senator Norrls of policies that didn't suit others, but of late he Is coming Into his own. On the campus cam-pus of the University of Illinois at Urbana the other day he received re-ceived from the hands of Governor Horner the 1933 Cardinal Newman medal, which Is presented annually to some American who has distinguished him self by contributions In the field of statesmanship, education, philanthropy or humanitarlanism. Senator Norrls was given the medal because of his contributions "in human welfare In the field of statesmanship for nlmost half a century." State Representative David Shnna-han Shnna-han read the citation, as on all previous pre-vious occasions, and addresses In laudation of Mr. Norrls and his deeds were made by United States Senators Sena-tors James Hamilton Lewis and W. II. Dieterich. Previous recipients of the Cardinal Newman medal have been: Francis J. Lewis, Chicago; David Kinley, president pres-ident emeritus of the University of Illinois; Patrick Henry Callahan, Louisville, Ky., and Frank B. Kellogg, St. Paul, former secretary of state. CONTROLLER GENERAL JOHN It McCarl, one of the most powerful and Independent officials of the government, gov-ernment, got Into the headlines twice within a few days. First he put an end to the NRA boycott against Henry Ford by Informing the secretaries of agriculture and commerce thnt bids on equipment by Ford dealers must be received. This derision was held to bo broad enough to forestall further attempts at-tempts to keep government business away from dissenters to the NRA, 80 long as the latter comply with tho terms of the codes. The controller general pointed out that nothing In the national Industrial recovery act and nothing In the codo for the automobile auto-mobile manufacturing compnnlcs, requires re-quires that units of the Industry must sign anything. A day or two later Mr. McCarl ruled that William 10. Humphrey, deposed federal trade commissioner, no longer Is entitled to the salary of that olllce despite his claims that ho Is still commissioner. com-missioner. Salary In the amount of JO 1.44 covering the period Ovtobor 27 to 31, 10.'!3, was ordered paid lo George C. Mallliews, who was appointed by President Roosevelt to rcplaco Humphrey. Humph-rey. . 10.13. Wosloro Newspaper Uulsa. |