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Show News Review of Current Events the World Over Roosevelt Calls on All Nations to Ban War and Disarm Hitler Approves, Provided Germany's Equality Demand Is Granted. By EDWARD W. PICKARD PRESIDENT ROOSEVELT'S rinsing 'call to 'all the civilized world to unite in outlawing war, in abandoning its weapons of offense and in agreeing r-3C Chancellor Hitler not to send armed forces across national borders aroused the peoples of the earth to enthusiastic approval, ap-proval, and may well prove to be the greatest great-est act of his regime. Coming as it did when Europe was on edge with rumors of coming com-ing wars and when Chancellor Adolf Hitler Hit-ler was about to make his first declaration of international policy, the reaction to Mr. Roosevelt's message was awaited with intense interest. Everywhere it was considered that he was directing his admonitions especially toward Germany Ger-many and for twenty-four hours the absorbing question was "What will Hitler reply?" The German chancellor had summoned sum-moned the almost obsolete reiclistag to hear the speech he had prepared in seclusion, and when he delivered it, it was found that he Indorsed President Koosevelt's plan for a non-aggression pact and agreed to join it. At the same time, in ringing tones, he reiterated reiter-ated Germany's claim to equal armament arma-ment and refused to adhere to a disarmament dis-armament agreement, even if it were reached by a majority of nations, unless un-less this demand for equality is fully recognized. Otherwise, he declared, Germany will withdraw from the League of Nations. The chancellor agreed with Roosevelt Roose-velt that lasting economic reconstruction reconstruc-tion is impossible unless the armament question is settled, and accepted the MacDonald plan, indorsed by Roosevelt, Roose-velt, as a basis for disarmament, but Insisted any new defense system must be identical for Germany and the other nations. He promised to disband dis-band the German auxiliary police and also to subject semimilitary organizations organiza-tions to international control, provided other nations accept the same control. Hitler declared his nation had suffered suf-fered too much from the insanity of war to visit the same upon others, and denied that Germany contemplated invasion in-vasion of either France or Poland. He Demanded revision of the Versailles treaty, asserting that Germany had fulfilled the "unreasonable demands" of that treaty with "suicidal loyalty." Officials of the State department In Washington said Hitler's speech was encouragingly conciliatory. In France It was not so well received. The French government was rather cool toward the Roosevelt proposals, and the fear was entertained In Paris that Hitler's approval of them would isolate France. r " ' " IN HIS special message to congress accompanying a copy of his dispatch dis-patch to the nations, President Roose-- Roose-- velt thus summarized the peace plan that he had proposed for the world : "First, that through , a series of steps the weapons of offensive warfare be eliminated. eliminat-ed. "Second, that the first definite step be taken now. "Third, that while these steps are being taken no nation shall Increase existing arm- ") " V ; -a "V'' , ., ,. ... President above the limitations ,. , . . . ,. Roosevelt of treaty obligations. "Fourth, that subject to existing treaty rights no nation during the disarmament dis-armament period shall send any armed force of whatsoever nature across its own borders." To the correspondent he said lie had consulted no other governments concerning his project, and had confided con-fided the plan only to Secretary of State Hull. The cablegram was a complete surprise sur-prise to the chancelleries of the world, and the President's direct method of approach rather shinned some of iliem, especially the Japanese. The emperor of Japan, It was explained In the Tokyo foreign office, "never speaks with foreign nations on political matters mat-ters and the foreign office cannot comment on communications to the emperor." Prime Minister Mai-Donald, speaking speak-ing at a dinner of the Pilgrims' society so-ciety In London, praised the Roosevelt Roose-velt plan almost extravagantly, rejoicing rejoic-ing that "henceforth America, by her own declaration, Is to be Indifferent to nothing that concerns the peace of the world." In Italy, the P.alkans and Mexico, OH well as elsewhere, Mr. Roosevelt's proposals were received with warm approval, and Norway's cabinet was quirk to be the first to accept them formally. Russia felt that the mes-Huge mes-Huge might he the first step toward recognition of the Soviet government by the United states, so Moscow was pleased with It. ((pinion In Ihe United Slates, us reflected re-flected In editorials In newspapers of 'l part of the country, was that the President had made a hold and timely move to save the world from warfare, and that it had a chance to succeed; but there was some fear that he was trying to extend the Monroe Doctrine over all continents, and some doubt as to what his future course would be if his proposals were rejected. Generally, the President was highly commended for his energetic and enlightened en-lightened action. T TNLESS Japan yields to the peace pleas of President Roosevelt and others which is unlikely the Chinese Chi-nese may burn both Peiping and Tientsin Tient-sin to prevent their use as bases by the invaders. Late dispatches from Shanghai said the defenders, already driven back to a point only a few miles north of the old capital, had planned to destroy both cities if they could not hold them. Ail the Chinese banks in Peiping had transferred their specie reserves to Shanghai, and British Brit-ish mining operations north of Tientsin Tient-sin had been stopped. Thousands of families had been evacuated from Peiping in the belief that a Japanese air attack would soon be made. The navy office in Tokyo announced that the 10fi3 grand maneuvers of the navy would be held in "seas south of Japan," beginning early in June. Ad miral Mineo Osunii. naval minister, explained that "there is nothing sig niflcant" in the fact that the maneuvers maneuv-ers are being held in waters south of Japan. "Such a big event cannot be staged on the sea of Japan owing to the lack of space," he said. D CSSIA'S new alignment with China was endangered by the Soviet proposal to sell the Chinese Eastern railway of Manchuria to Japan. Ja-pan. The Chinese were enraged by this plan and called off the negotiations negotia-tions for a trade treaty with Moscow. Chinese papers claim that China Is likely to retaliate against Russia with a boycott on Soviet oil. which has made serious inroads on the Chinese market in the last two years. PRESIDENT ROOSEVELT'S big public works-industrial regulation hill finally was completed bv his advisers ad-visers and submitted to congress. It provides for a S3.300.. 000,000 construction program with which It Is hoped depression will be routed and the industries of the nation na-tion put on their feet. How this immense sum will be raised was left to the ways and means committee of the house to do- cue, .ir. nooeu Lewi, Dougas conferred with Lewis V. Douglas, director of the budget, and thereafter it was made plain that the plan to finance the program by the issue of greenbacks was abandoned, though Senator Glass, wisest financier In the Democratic party, had said he preferred that to any form of taxation, taxa-tion, despite his general opposition to inflation. The President was Informed that congress would not stand for a sales tax to provide the J22n.nm.iKtO required during the first year for Interest In-terest and amortization charges. The bill, as drafted by Director Douglas and others, would authorize the following construction works: 1. Public highways S lOO.HOO.OHO, of which S2."0.0OO,OO0 would follow the present allocation and S 1 ."O.OOOx io would he for extensions. 2. Public buildings No set limit. 3. Naval construction ! I OO.ooo.Oi 10 maximum. 1. Army, Including equipment and possibly a huge airplane flotilla should the disarmament conference fail $1 00,000.000 maximum. T. Slums and bousing following the pattern of the United States Housing corporation of war days No set limit. 0. Natural resources. Including soil and erosion work, forestry and similar proocls No set limit. 7. Loans to railroads for maintenance mainte-nance ami equipment No limit. PTMNCETON university was Ihrnwn Into deep mourning by the death of Dr. John Crier IliMion, president emeritus, who was killed at Wood-ridge, Wood-ridge, N. .1., when his automobile collided col-lided with a truck. Mrs. Hlbbcn, who accompli nied him. was severely Injured. In-jured. Doctor Iliblien. who was born In Peoria. III., In ISfil, was educated at Princeton and the University of I'.erlln. He succeeded Woodrow Wilson Wil-son as president of Princeton In 10112 nnd retired In June hist. year, lie ranked high as an educator and as author of works on philosophy. PRESIDENT ROOSEVELT notified Unfits U. Dawes, president of the Century of Progress, that he would be unable to go to Chicago to open that great exposition on May 27. He added that he hoped to attend the fair bo-fore bo-fore It closes. Notwithstanding this disappointment, the exposition will bo formally opened on the dale named above, ami the Intensive activity on the groundH gave assurance that It would bo practically completed and ready for visitors at that time. THREE members of the American delegation to the world economic conference In London have been selected select-ed by President Roosevelt, They are Secretary of State Hull, "chairman; James M. Cox of Ohio, once Democratic Demo-cratic candidate for the Presidency, and Senator Key Pittman. SITTING as a court of Impeachment for the eleventh time in its history, the senate began the trial of Federal Judge Harold Louderback of the northern district of f -i Judge Louderback California. Vice President Pres-ident darner w a s president of the court nnd Henry F. Ashnrst of Arizona, chairman of the judiciary committee, com-mittee, served as master mas-ter of procedure. The opening statement for the prosecution was made by Representative Representa-tive ilatton W. Stunners Stun-ners of Texas, chairman chair-man of the house judiciary committee. The proceedings took up the day sessions of the senate sen-ate and It was believed the trial would end by May 27. Judge Louderback is standing trial on five articles of Impeachment charging him with Irregularities In receivership cases. It is alleged that he displayed favoritism in appointing receivers, that be appointed incompetent incompe-tent persons, and ordered them paid exorbitant fees. One article claims that he appointed a telegraph operator as receiver for a three million dollar motor company; another that he forced an expert re ceiver out of ollice because the re ceiver would not comply with his orders or-ders to select a particular attorney. EXECUTIVES representing twenty-nine twenty-nine of the leading life insurance companies that hold farm mortgages called on Henry Morgenthau, Jr., in Washington and told that chairman of the farm board that, while they were desirous of helping in the successful suc-cessful administration of the emergency emer-gency farm mortgage act, they were opposed to any general writing down of mortgages or their wholesale exchange ex-change for federal land bank bonds under the terms of the emergency legislation. leg-islation. For refinancing the outstanding farm mortgages the land banks under the direction of the new farm credit administration are authorized to Issue up to $2,(X0,iX0,000 of bonds which may be sold or exchanged for mortgages mort-gages held by the Insurance com panics and others. Loans on or exchanges ex-changes of bonds for these securities may not exceed 50 per cent of the "appraised normal value" of land mortgaged plus 20 per cent of the Insured In-sured Improvements, however, and Mr. Morgenthau recently said that "in or dor to effect an exchange of first mortgages mort-gages for bonds It is anticipated that in many cases the amount of such mortgages will have to be curtailed to come within the sum which can b loaned." It was the consensus of the execu fives that most of their mortgage? had been conservatively written and that In Justice to their policyholders they should not make additional sacri fices of assets to losses sustained dur ing the last four years. The opinion prevailed Hint the companies should continue to carry their farm mortgage holdings pending a return of Increased land values to come with the general prosperity which they felt was not far off. Meanwhile the companion would continue avoiding foreclosures wherever possible and decide lndi vidua! cases on their own merits. SOME time ago the senate called or the secretary of agriculture for In formation concerning grain fpoculatlnc on boards of trade. Mr. Wallace has Just reported In response, and he says that big speculators In wheat futures In the grain pit were short "on an average five days out of every six" from A pri 1 1, 1!:i0, to October Octo-ber 22, 1!2. In bis report, Wallace Wal-lace declined to give the names of persons j t i -- and firms short I ..mm... Olio bushels or more during the last "two or three years' on the Chicago P.oard of Trade, as asked by the senate, lie explainer' the grain futures trading laws pro hllilted release of this Information. A total of 700 trading days covered In bis report. Wallace said, showed "the big speculators, as a group, wort predominantly on the short side of the wheat, futures market. "As a group, their net position as of lh(! close of llii; market each day was short on OKI days, or Ne.tl per rent of the time, ami long on 12.'i days, or 10.1 per cent of the time, and one day evenly balanced," Wallace re ported. President Peter 11. Carey of the Chicago P.oard oT Trade said the Information In-formation presented to -the senale Is "simply a repel II Ion of data assembled assem-bled by Dr. J. W. T. Duvol. chier of Hie grain futures administration. In an effort to retain his bureaucratic Job." Alit laws for the world are being drafted at an International conference con-ference on aerial legislation now In session In Itome. The rules adopted will be embodied In an Interna I limn I agreement and will be applicable In all adhering countries. The delegation delega-tion from Hie Culled Slates Is headed by John C. Cooper. Jr., chairman ot Hie committee on hit ilics of tin American I'.nr a--soclalinii. (i, l!i:i:l, Wi'jl.iii Ni'W.-im ;'T U:ilntl. |