| Show news review of current events the world over international tariff truce seems assured progress toward war debt settlement senate passes bill for control of securities by EDWARD W PICKARD 0 N NC r of of the busiest bus test men in the world these days Is norman U davis american ambassador at large in europe and it would appear that he Is doing his multifarious jobs very well it was up to him to persuade the british government to accept the proposal of president roosevelt Koo sevelt that there be an international tariff truce pending the outcome of the world economic conference in london this he accomplished H davis according to an ann no by prime minister maedonald macdonald la in the house of commons although great britain made important reservations providing that the trade pacts now being negotiated by britain should not be affected the test of the agreement between davis and macdonald was vas cabled to washington for the final approval of the american go government which was promptly given france italy and belgium have accepted the tariff truce the two former stipulating that it be based on the present dollar valuation and that a super duty can be imposed it if the dollar depreciates further furt lier favorable responses were expected in washington from japan germany Il holland olland and china P anime RIME MINISTER MAC DONALD in ills his speech to parliament also took up the subjects of 0 war debts and world disarmament throwing considerable light on the negotiations between his government and president roosevelt Hoo sevelt he be declared that the world economic conference cannot be fully successful unless the war debt difficulties have been removed before it comes to an end lie ile said that on this there Is complete union of opinion the premier asked parliament to hush up dis cission of this question and not ask embarrassing questions concerning his peg negotiations got lations with the united states lie he said that if the world disarmament conference was to corne come to anything like a satisfactory s atIs factory conclusion the united states would have to take part in a consultative pact the effot effect of which would be to increase the security of european nations and the safety of threatened nations against war mar the united states he said had so agreed and an anDO announcement would soon be made in washington to that effect president roosevelt presumably agrees with macdonald concerning the necessity of settling the war debts ile he sent to congress a message asking that ho be be given authority to deal lea with the other nations in settling the debt issue at least temporarily secretary of state hull bull admitted that the debt matter would be taken up tip concurrently with the issues before tile the economic conference but both he and macdon aid insisted it would not form part of the conference discussion macdonald said the june 15 due date on debts was an awkward hurdle and asked parliament not to make it harder to surmount by premature debate france hopes for a moratorium or its equivalent on the payment it owes june 15 and the cabinet confirmed its decision not to pay the nineteen million odd defaulted in december unless it Is granted rejecting Iler riots proposal that the debt interest due tie he paid immediately in washington it was wd said the administration felt strongly that no consideration should be given france on tile the june IS 15 payment unless she first paid up tip the sum that was due in december in lils his message tr to congress president roosevelt loosevelt noo sevelt also asked asic d for n I 1 grant of blanket power to negotiate tariff revisions V so he can carry out ills his program for stimulating world orld trade by breaking down ghigli hi tariff barriers TURNING b back ack to the matter of world disarmament we again find norman davis active ile ie had a loo ion talk in london with dr alfred rosen berg who Is chancellor hillers Hit lers chief adviser advis er in foreign affairs airs and Is sald to have told him flatly that the united states Is 19 utterly opposed to any in fit crease to in armaments by anyone arid and that america regards germanys germanas Germ anys present policy of demanding a larger army as an obstacle to the success of the th disarmament conferee ile he let the german know that the united states government thinks germany Is tend ing to become a disturber of european peace rosenberg in return it Is said dis claimed any intention on Cerman germanas germanys Germ anys ys part to disturb peace but reiterated reiterate germanys germanas Germ anys claim to equality of armaments preferably to be obtained by disarmament of other nations to t alie e present german level bevc than by ger banys re arming to their level UE wheeler resolution urging TUB american delegates to the world economic conference to work for an ogre agreement ement to saher at IG to 1 with gold was approved by the senate the merely calls on the delegates toI to work unceasingly for an international agreement to silver on a basis of 0 a definite fixed ratio of not to exceed sixteen fine ounces of miser to one one fine ounce of gold T tinb 1111 international wheat conference opened in geneva and the american delegation was on hand its members including henry sr george C blaas member of the federal farm board and frederick E murphy publisher of the minneapolis tribune TUB HE simpson price fixing amendment to the farm bill was rejected by the house by a decisive vote ote to IM because chairman jones of the agriculture committee declared the president was opposed to it and majority leader byrns urged the house to stand behind tile the administration the senate agreed to the report on the measure by the conference committee after vain protest by advocates of the price using fixing amendment it also yielded to the house by agreeing to broaden the power of the secret secretary arv of agriculture to initiate and approve agreements for marketing farm products without regard to the antitrust anti trust laws and to license the handlers of agricultural commodities under the bill as finally passed the sec secretary y may mav include under these provisions not on only ly the seven basic commodities embraced by the benefit and production control portions of the bill but all ng ag ri cultural products processed and mar betea in this PRESIDENT P RESIDENT ROOSEVELT continued his economic conversations with mill foreign statesmen and the most colorful of his visitors was T V soong the youthful appearing minister of finance of china who was as presented by minister alfred sze doctor soong naturally was especially interested intel asted in what stand the president might take in the sino japanese q u a r rel and he be stated in T T v V soong annn detail the position of china no information was given out indicating mr Roosevel ts intentions in the matter hot but press dispatches from washington were received in peeping quoting soong as saying he be had been assured of american intervention in china if japanese troops captured neiping Pei ping these dispatches probably were nere misleading if not entirely false viscount kakujiro Kl kujiro ishill is on his way from japan to washington and when he be meets the president lie he too will be concerned mainly with the american attitude toward bonard tile the far east em eln bro brogulo brog ilo llo ile he Is prepared to defend japanese conquest of manchuria and will urge american recognition of 0 the puppet state of one of his important tasks will be to learn how tar the idea of a consultative pact to implement the kellogg briand antiwar anti antl wa war treaty his has developed As was said above mr macdonald told parliament that the united states had bad agreed to take part in such a pact others who ho consulted with mr roosebelt Roos eielt were dr hjalmar schacht chr president of the who brought up the questions of german equality at arms and boundary re ils 11 lons and albert J paul panl finance minister of mexico exico 31 GOING ahead with the presidents program for federal regulating regula tiD of roost most things the senate pass passed ed the administration bill for the control of securities curi ties sold in interstate commerce differences between the senate measure and that already put through gli tile house were mostly slight and easily compromised ali the former however contained an amendment offered by senator johnson of california setting up federal machinery to old aid holders of foreign bonds that are in default under the alie bill the federal trade commission will nill become the governing body of the securities trade persons or corporations about to soil sell securities in interstate commerce and agents of foreign about to sell foreign securities must register each issue with the alie commission together with detailed information concerning the issue large coups of securities are exempt such as short term commercial paper government state and municipal bonds securities of railroads and other utilities subject to federal regulation national bank securities and securities issued by educational and benevolent organizations w rap against bolivia in the gran craft chaco dispute was formally declared by president euseblo eusebio ayala of paraguay tile the peace negotiations conducted liy by south american nations aming im ing failed the warfare Nar rare has been going on unofficially since juric june 19 1932 12 neither nation shows any signs of folding 51 elding the paraguayans Paraguay ans hailed their presidents action with joy and the bolivians ians said they were ready to fight SUMNER SA WELLES the capable new american merIcan ambassador to cuba was rec elied at the dock in havana cavan by a few officials melis mel Is and about other persons who were permitted to pass through the strong guards established by the government to prevent a demonstration along the sea wall drive on his way to his hotel he be was cheered by thousands who hope he be can help in log prosperity and welles peace in the island republic in a statement handed to local newspaper men the ambassador referred to the historic bonds bet between leen the united states and culm cuba 1 I will give my most earnest consideration to the fundamental problem of regenerating tile the healthy flow of trade between us lie he said 1 I hold tile the sincere co conviction that it Is to the he prime interest of cuba as well as to the interest of the citizens of the united states that there be considered at an appropriate moment the bases for an agreement which will stimulate the advantageous interchange of commodities to nn an equal extent between eboth countries concerning the cuban political situation I 1 on sir f r welles slid sad the government of the united states reiterates the ellhu root hoot interpretation terp given to the platt amendment in 1001 1101 that Is that the platt amendment Is not synonymous with intermeddling in the domestic affairs of cuba R REPORTS E PORTS from washington that president roosevelt planned to provide emergency relief to overt avert a food shortage in cities were ignored by the national farmers holiday oliday IT association asso so at des and an appeal was issued by it to every planter and cattleman in the country to join in the farm strike milo reno president of the ass association ocla sali said that when the house of representatives killed the sampson amendment to the farm relief bill which would have guaranteed production costs all hopes of 0 cancelling the strike were shattered the other four points of tile the associations demands are settlement of mortgages on a low interest long term basis lower property taxes free silver and payment of the soldier bonus in montevideo minn members of the minnesota farm Tl holiday oliday association voted to join in the strike they also demanded that the president remove secretary of agriculture wallace from office because he opposed the simpson amendment the delegates decided they would not pay interest taxes or other debts debt s until the dollar became an honest measure of value the association demanded federal operation of banks and other credit agencies and a national presidential moratorium on farm city home and personal property foreclosures fore closures and other relief measures R L rickard richard president of the oklahoma holiday association predicted that 00 10 per cent of the farmers of oklahoma would withhold their pro products dutts from market arvard adds itself to the list of H HARVARD u universities diversities with young presidents the corporation having selected james bryant conant forty years old to succeed A lawrence lowell re ile Is sheldon S b e 1 d 0 n emery professor of organic chemistry in the university and Is widely known among scientists for his research work in special fields born at dorchester mass I 1 march darch 20 the son ot of james A w scott conant and jennett r J 13 bryant conant conant cona it t he entered harvard college in 1910 after preparing at the roxbury latin school completing his bis college work in 1913 1013 after three years in which he attained high honors conant was graduated with the degree of A C B ills his degree of pit ph D was con confer ferreol reil in 1910 and the next year lie he receded an appointment as instructor at harvard after serving during the war with the bureaus of chemistry and mines he returned to harvard in IND as as tant professor of chemistry clie in 1925 1023 he became an associate professor and two years later a full professor ills present position of sheldon emery professor dates back from the year 1029 1920 SENATOR S GLASS produced a new banking reform bill that was expected to have the backing of the administration it was approved by the senate bahk edg subcommittee m attee after that body had made an important change which would require private bankers to abandon either cither their bustness business in deposits or in securities tim the bill is designed to ceib the use of federal reserve credit in speculation and to insure deposits in federal reserve member banks through a corporation P PRESSED by the budget bureau the navy agreed to cut its expenses 50 MM in the alio next fiscal year As a part of tile the economy move officials tentatively have decided to place one third of the alie fleet on the rotating plan or inactive status recruiting and training at the norfolk san diego newport and great lakes training stations also will be stopped temporarily pora rily it was understood a 1 1000 reduction in officer personnel Is contemplated tem plated ted 0 1333 western newspaper union |
