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Show News Review of Current Events the World Over American Delegation on Way to London Economic Conference Con-ference Brookhart Becomes "Agricultural Ambassador" Ambas-sador" to Russia Morgan Inquiry Proceeds. By EDWARD W. PICKARD SIX delegates and nineteen experts are on their way to London to represent the United States In the International In-ternational economic conference from which so much Is expected In the way of finding a path out of the world depression. de-pression. Secretary of State Cordell Hull heads the delegation and his associates as announced by the White House are: James M. Cox, vice chairman, former governor and Democratic Demo-cratic Presidential candidate in 1920; Rep. S. D. Senator Key pittman McReynold. of KeTadai Democrat; Demo-crat; Senator James Couzens of Michigan, Republican; Representative Bamuel D. McReynolds of Tennessee, Democrat, and Ralph W. Morrison of Texas, retired banker. Chief of the experts are William C. Bullitt, executive execu-tive officer; James P. Warburg, financial finan-cial adviser; Fred K. Nielsen, legal adviser, and Herbert Feis, chief technical tech-nical adviser, under whom will serve leveral members of the "brain trust." Of all the delegates the one con-listent con-listent conservative Is Congressman McReynolds. He Is chairmaD of the bouse committee on foreign relations ind his influence Is expected to be potent In the deliberations of the delegation. dele-gation. Senator Couzens, the one Republican Re-publican member, has frequently lined up with the more radical Republicans Re-publicans and Democrats in congress. The administration, according to Assistant Secretary of State Raymond Moley, has considerably modified its expectations of what the conference will accomplish, and now realizes that the prospects are definitely limited end do not Include a lowering of tariffs tar-iffs or an Immediate permanent stabilization sta-bilization of currencies. Secretary Hull Is said to be the only one of the administration leaders who still ad-rances ad-rances the urgent necessity of a drastic dras-tic International agreement to lower tariffs and trade barriers. Mr. Moley Included only the following follow-ing among the solutions which prob-ebly prob-ebly would be obtained at the conference confer-ence : An agreement on monetary policy through action of central banks supplemented sup-plemented by an agreement among governments to synchronize policies of Internal public expenditure. An agreement on progressive removal re-moval of restrictions on exchange. The International wheat conference moved from Geneva to London and there the representatives of the United States, Argentina, Australia and Canada Can-ada continued their discussions. If they agree upon any plan for curtailing curtail-ing wheat acreage it will be submitted submit-ted to the economic conference for approval. GREAT BRITAIN. France, Italy and the other nations that owe war debts to the United States failed In their effort to have the debts Included In-cluded In the agenda for the economic conference, but their delegates enter the conference with the cancellation or drastic reduction of the debts their chief aim. The Roosevelt administration administra-tion Insists that the war debts, however how-ever Important thev may be, were not a major cause of the depression and are not a major remedy. Consequently Consequent-ly the parleys In London are almost certain to develop Into a great battle of diplomacy. President Roosevelt has flatly de- Dled that be Intends to negotiate new settlements of the war debts without recourse to congress. This was made necessary by dispatches from Washington Wash-ington published in London, saying Mr. Roosevelt had offered to accept from Britain $10,000,000 as part payment pay-ment of the $75,000,000 due June in. It seemed fairly certain that the British government would make this payment In full. This will be easier than before because of the devaluation devalua-tion of the dollar. Britain can either pay In pappr dollars, which cost about 2 per cent less to buy than gold dollars, dol-lars, or In American securities. .which can he bought with paper dollars at. a discount and turned In nt par. CHAMPIONS of the gold standard In both the house and tin; senate had little chance as the administration administra-tion forces pushed through the Fletchcr-Kt'-acall resolution for the abrogation of the gold clause In all governmental and private contnirt.H, both present and future. The mean-tire, mean-tire, ashed by the President to legalize legal-ize netlon already taken, was f i rut passed by tile house by a vole of 2V! to D7. Twenty eight Kepuhlleans and all five of the Frmer-,ahoriles Joined with the J lemornits In favor of the resolution. Representative Lure of Massachusetts, who led the small minority, denounced the measure as a breach of faith on tin: part of the government ; but Chairman Slea-;ill of the hanking committee Kald II, was frsscnlial for tln recovery of national prosperity. TNVI.:-I I'JATI'iN of the hanking J home of .1. I'. Morgan V Co, was resumed by the seriate banking com mittee, and a new list of Important persons who had received bargains in stocks was produced. Ferdinand Pe-cora, Pe-cora, the committee's counsel, was persistent in his probing, but was compelled to tell the senators, in executive ex-ecutive session, what evidence he proposed pro-posed to Introduce and what he expected ex-pected to prove by it, and to convince con-vince them of the propriety of his purpose. pur-pose. Senator Glass was still determined deter-mined that Pecora should not bring out matter outside the committee's Jurisdiction or irrelevant to the Inquiry. In-quiry. Mr. Glass said he had received re-ceived a number of anonymous threats by mail and what he termed "blackguard telegrams" because of his stand. Though William H. Woodin's name was on one of the Morgan lists of "preferred" customers before he became be-came secretary of the treasury and hence demands for his resignation were made by various men In public life. Mr. Woodin declared he had not resigned. His statement left no doubt that he would be willing to quit his office if his presence there in any way hindered the return of prosperity, but it also was interpreted to mean that Mr. Roosevelt wished him to hold on, at least for the present. More serious, perhaps, is the case of Norman II. Davis, the very active "ambassador at large" in Europe, who also was on a Morgan list. Representative George H. Tinkham of Massachusetts has demanded de-manded a congressional Investigation of the financial dealings Mr. Davis may have had with International banking bank-ing and business Interests. Asserting that Mr. Davis has spoken at Geneva in "repudiation of the traditional tra-ditional American foreign policy." Mr. Tinkham said that a congressional committee should also Investigate Mr. Davis' connection with "disloyal and seditious American organizations and foundations in the United States." SMITH WTI.DMAN BROOKHART, former senator from Iowa, has a new Job. Secretary of Agriculture Wallace has appointed him "agricul- f 1 S. W. Brook-hart tural ambassador to Soviet Russia. and has Instructed him to explore the opportunities opportu-nities for disposing of American surpluses of cotton and live stork in that country. In effect, this means the opening of trade negotiations with a government that Is not recognized by Washington, but Brookhart says his work has no connection with the question of diplomatic relations, though he hopes recognition will result re-sult from his efforts to effect a thriving thriv-ing trade between the two countries. The lowan has been given the title of "special adviser to the agricultural administration" and serves under Administrator Ad-ministrator George N. Peek. "I've done a lot of work already." he said. "I have gone Into the matter mat-ter with people here. Including the Soviet representative. Boris Skvlrsky. ITe'3 a pretty fine fellow and I've had several talks with him." Mr! Skvlrsky Is not a trade representative repre-sentative of the Soviet, nor has he connection with the Atntorg corporation, corpora-tion, organized by the Soviets to transact business In Amcrlrn. Mr. Skvlrsky said that he Is a representative representa-tive of the Soviet foreign office. GERMANY has refused to accept an unfavorable report of the League of Nations on her treatment of the Jews and virtually told the league that the affair Is none of Its business. The league council, however, how-ever, referred Juridical nspecls of the Issue to n committee of Jurists with the understanding that the matter will have a complete airing. WIIHN President Roosevelt the other day selected Arthur K. Morgan, Mor-gan, president of Antloch college nt Yellow Springs, Ohio, as director of the vast Tennessee valley conservation project, there were many derogatory remarks re-marks about the appointing ap-pointing of Just another an-other professor for a big Job. But the skep-Ileal skep-Ileal ones dii not know about Morgan. Since 1!))'J. when he was Just out of high i : t 'W' "' . school, he has been ... -Arthur E. active In engineering ,. iii , i Morgan work and has planned and supervised construction of about seventy live water control projects. These Include the Important reclamation reclama-tion work In St. Francis valley In Ar Kansas and the Miami conservation project at iMiyton. Ohio. lie was chief engineer In the Pnehlo (t'olo.) conservancy con-servancy district; he drafted the revised re-vised drainage codes for Minnesota, Arkansas, Ohio, Mississippi, Colorado and New Mexico, and has been consulting con-sulting engineer on drainage and Hood control projects fill over the nation. IP; Is entirely familiar with conditions In the Tennessee valley. REVERTING to the matter of the gold standard, dispatches from Vienna tell of how, In the seventieth congress of the International Chamber of Commerce, the United States was bitterly denounced by Charles Bolsse-valn Bolsse-valn of Holland for what he called its "immoral" monetary course. He condemned the behavior of those nations na-tions which abandon the gold standard stand-ard "although unquestionably In a position po-sition to maintain it" He condemned also what he described as the "repudiation" "repudi-ation" of the gold clause in contracts by the United States. In the transportation section, Ira Campbell of New York defended United Unit-ed States shipping against what he termed an international attempt to rule it off the seas. American merchant mer-chant marine cannot exist without subsidy, sub-sidy, he said, and an International agreement to abolish subsidies would mean the abolition of American ships. W. L. Runciman of Great Britain objected to his argument that the American marine is needed for national nation-al defense, asserting such argument Is out of place in a commercial congress. con-gress. War debts also came up for discussion. discus-sion. W. H. Coates, British delegate, asserting that they must be settled before it would be possible to Improve world economic conditions. f ILITARY representatives of Ja-pan Ja-pan and China signed a formal armistice in the warfare in north China at Tangku, where the negotla- Gen. Feng Yu-hsiang tions took place under the guns of Japanese naval craft. The truce provides for demilitarization demili-tarization of the area bounded by the great wall on the north, the Peiping-Mukden railway rail-way on the east and the Peiping - Sulyuan railwny on the west; for dissolution of the Chinese volunteer corps In this area and for resumption of rail traffic between Peiping and Shanhaik-wan. Shanhaik-wan. Just before the signing of the truce the banner of revolt against the Chinese Chi-nese Nationalist government was raised by Gen. Feng Yu-hsiang, usually usual-ly alluded to as the "Christian general." gen-eral." Feng denounced Gen. Chiang Kai-shek, the dictator, as a traitor and announced himself as commander-in-chief of the "people's anti-Jnpanes army." lie had been recruiting a largt1 force at Knlgan and It was believed he was acting In rinse co-operation with the army of Canton, which was reported to he moving to the northward. north-ward. In Tientsin It was thought that Feng must have been receiving large supplies of arms and ammunition from the Russians of .Mongolia by the old caravan mute from I'rga. The National government Issued a declaration that the Tangku truce Is entirely local and of a temporary nature. na-ture. "It Is not Incompatible with the declared de-clared policy of continuing a sustained resistance and efforts for the recovery of lost territories," the statement said. "It Is absolutely Impossible for the National government to agree to an Ignominious surrender since the Man-chnrian Man-chnrian Issue Is entirely outside the sphere of the local military truce with Peiping." T AN SI NO state penitentiary near ' Leavenworth. Kan., was the scene of a sensational escape of 11 convicts who were led by Wilbur Underbill, a lifer and one of the most desperate outlaws of the Southwest. During a baseball game Warden Prather and two guards were seized, used ns shields and forced to accompany the fleeing convicts over the wall. Other guards were disarmed and the men got away In the car of the prison farm superintendent, keeping their prisoners with them ns hostages until un-til hours Inter, when they were released re-leased In Oklahoma. In their flight they commandeered two other cars and captured three women, who were set free near Pleasanton, Kans. CIX bandits held up the Stale Kx- change bank of Culver, Ind.. and tied In an automobile with KtO.IKH). lint the men of the town bad been trained ns vigilantes and, receiving word of the crime, they mobilized Immediately Im-mediately under command of Captain Ohennuf of the Culver Military in ad-emy ad-emy nnd went Into action. Result : All six bandits were captured, one of them being fatally wounded, and the loot was recovered. ONIj hundred thousand spectators saw Louis Meyer of California win the fiOO tulle automobile race at the Indianapolis speedway in record-breaking record-breaking time. They also saw n series of fatal accidents that sadly marred the great spectacle. Three men were killed and three others were badly Inlnrod. .Mark I'.illman of Indianapolis In-dianapolis was crushed todeathwben he lost control of his car and It crashed Into tin! retaining wall, and Elmer Lombard, his mechanic, WMH I hurt. Later the car driven hy Mai-comb Mai-comb Fox of New .lerscv lost n wheel and skidded Into the middle of the track where It was smashed by llm car of Lester Spanglcr of Los Angeles. An-geles. Spangler nnd (I. L. .Ionian, his mechanic, lost their lives, anil i'.ert Cook, Fov's mechanic, was In J 1 1 1 i-'l. In a test run the day before the big race William Denver and Hubert Hurst lost their lives. Meyer completed the run In 1 hours and 'IH minutes, his average speed he-Ing he-Ing lOI.IC'J miles in hour. lie won SI", out) first prize money and $I,1.",0 In lap prizes. Xi. 1 P .t a . Wi'dturn NiiwuLinpor Union. |