Show news review of current events the world over economic and monetary conference opens in london illinois and indiana for prohibition repeal varied doings in congress by EDWARD W PICKARD SIX nations were represented S SIXTY by some of their best financial and economic authorities when king george formally opened the world economic and monetary conference in london it was a 4 momentous occasion for on the results obtained from the conference depends in great measure the welfare of the world at least in the immediate future the delegates lt will be in ses T sion for many weeks R B W 11 M arison and the success of their deliberations rests on the mutual concessions that may be made for no one nation or group of nations can expect to obtain only advantages most alost atal of the problems to be tackled Is admittedly the of currencies which involves the return of all nations to the goli go standard or at least to a metallic standard and this return must be a synchronous chr onous movement so that all countries will be on the same level at all times in the debate on this question leading parts will be taken by senator key rittman pittman of nevada and ralph W morrison Morr lson retired banker of texas the members of the american delegation to whom the monetary problem was especially given lor for formulation of the policy of the united states senator pittman before the conference opened told something of a plan he had devised by which the nations could use silver as a certain percentage of their currency reserves thereby economizing on gold and stabilizing the price of silver ue he insisted this would not constitute bimetallism as gold would still be the standard the nations appear to be in agre agreement emen t mr pittman said that the currency reserve of gold should be lowered below the 40 per cent now required in the united states twenty five per cent gold coverage was mentioned for purposes of illustration by the senator who said that one fifth of this reserve should be silver when the price of silver was low the governments would buy and maintain reserves of the metal which they could sell when the price was up the senator said the other major alms of the conference are the raising of the world price level and the lowering of international trade barriers of course the three are inextricably intertwined Intertwine dand and they affect all other problems that will come up click back 05 of it all Is the matter of the ten billions odd owed by european nations to the united states war debts were excluded from the agenda by washington but th they ey w will I 1 I 1 be continually in the minds of many of the delegates and eventually something must be done about them I 1 ILLINOIS and indiana by popular vote added themselves to the list of states that assure their ratification of the amendment repealing prohibition hibi tion in the former state the vote was about 4 to I 1 it in favor of the wets and the Hoo hoosiers voted for repeal by approximately 2 to 1 there had been no doubt as to the result in illinois but indiana long one of the driest of states and the very center of the leagues power was counted on by the prohibitionists to stand against ratification one of their leaders L E york explained their defeat by saying the had ample funds supplied by the breweries and distillers and the state organization had paid workers at the polls PAT HARRISONS plan S f for 0 r financing the public works idu industry s t ry control measure was adopted by the senate finance committee which then reported zar out the hill bill for debate the 1 backbone of the harrison pro grani gran which Is calculated to raise XIO Is a capital 4 stock tax or of one tenth Js of I 1 per cent on the net worth of corporations w this tax Is expected 4 1 to raise SO SMA 1 1 corporations are to be allowed to sen harrlson harrison declare their own valuation and ns as check on this provi provision slon a penalty tax is provided of 5 per cent on surplus profits of more than 1212 per cent second feature of the harrison program Is the imposition in lieu of normal tax rates levied on the individual us as the house bill contemplated of a 5 per cent tax on corporation dividends to be levied at the source this Is expected to bring in S third la Is an additional one half cent tax on gasoline calculated to raise instead ot of the three fourths of a cent tax proposed by the house hollm the railroad reorganization bill and the home mortgage measure were among the important bills in conference the latter was passed passi d by the senate without a record vote dof democratic revolt against some of president Roosevel ts measures created discord in both the house and the senate and the administrations program for national recovery was not having a smooth road the first upset had been the senates action in voting a 25 per cent limitation on reductions in compensation payments to war veterans which added about I to the independent offices appropriation bill before it was sent to conference mr roosevelt accepting his first defeat sought peace by compromise at his direction new rep regulations were prepared governing the payments to disabled war veterans and to the dependents pen dents of deceased soldiers under which the veterans would receive an additional or over that which was contemplated in the presidents original orders the reduction in payments under the new orders would be about S instead of the originally contemplated the veterans bloc in congress was not at all enthusiastic over this compromise C PYRUS n H K CURTIS crittis of philadelphia A one ode of the oldest and best known of american newspaper and magazine publishers died at his home at the age of eighty three years he had been ill since may of last year when be was mins stricken with heart disease while on his yacht near new york tork the ladles ladies home journal the saturday evening rest post and the country gentleman were mr curtis magazines and he was also president of the curtis martin newspapers inc publishing the philadelphia inquirer the public ledger and the evening public ledger in philadelphia and the new york evening post nis his gifts to charitable and educational institutions totaled many millions WHY HY the government should have paid richard B bevier sa s1 10 apiece for toilet 1 kits its for men in the conservation corps a price that jl the war department said was 55 cents too hl high h was a question that the senate military committee found 3 t 0 I 1 hard to answer louis iI mchenry cHenry howe secretary seek seck k i to the president t talked with L bevier e 15 minutes before the signing of the contract by robert R ob louis howe fechner director of the conservation corps but mr air howe told the committee he never directly or indirectly attempted to influence any decision as to the purchase lie ile said he transferred the thew whole bole matter to 1 p W lowery assistant to budget director douglas then mr low lowery ry took the stand and declared he never had any responsibility in the matter simply sl di ply making a recommendation to mr fechner this mr air fechner testified lie he construed as an order there was no least intimation of improper motives on the part of any of the gentlemen involved but the senators seemed agreed that mr bevier was a when mr air howe was on the stand senator dickinson of iowa asked him why he did not turn the matter over to the war department instead of starting up all this ibis new purchasing linsing machinery 11 well mr air howe replied this seemed to be a complaint against the war department itself I 1 was told the war department was about to make a n purchase that would be disadvantageous ad anta leous to the government who said it would be disadvantageous ta tadeous tage ous asked senator robert D carey of wyoming mr devier responded howe must be given the council C CREDIT of the league of nations for inducing the hitler government of germany to abandon part of its warfare on the jews the council acting on the petition of a resident of upper silesia unanimously adopted a report declaring that the boycott of jewish hops in that territory and some re regulations ions affecting doctors lawyers and notaries not aries were in conflict with the I 1 pol lol ish german minorities com conent entson lon thereupon frleda ich von kell kellar ar spokesman for the belch told the connell the german government would restore jecsan jews in german upper tipper silesia to positions they had lost since the beginning of the nazi regime Prince tons scholastic year WHEN opens in the fall the old university will have a new president its fifteenth he Is dr harold willis wallis dodds who has been professor of poll ties in the university and chairman of the administrative hoard board of the school of public and international of affairs professor dodds who Is not dot quite forty tour four ears cars old is the youngest man mail to tie be chosen for the presidency of princeton in years ile he Is recognized as an international expert on electoral methods and Is regarded as an authority on municipal C conventions liy by the dozens and scores are being held in chicago this year numerous especially because of the worlds fair most of them thein are commercial or professional but among them was one just held that exhaled a delightful perfume it was the annual meeting of the garden clubs ot of america held in the drake hotel which overlooks grant park and the lake front the organization Is a federation of local garden clubs whose members are tor for the most part women of position and means in their various communities their interests are arc especially ally in the conservation ot of wild flowers the preservation of the redwoods of california and the elimination of the billboard along highways sirs airs jonathan bulkley of new york tork city was reelected elected re national president mrs oakley thorne of AllI allisbrook brook N Y Is the honorary vice president the hostess clubs were the organizations in lake foresti forest kenilworth and evanston A feature of the convention wits was a supper held in the shedd aquarium where the ladles gave evidence that their interest in gardening included tin an interest in the culture of gold fish in rock garden pools F FERDINAND PECORA counsel for the senate committee that has been investigating the doings of J P ifor morgan co undertook to bring to light the details of the op crat orations ions by which the afe I 1 van broth ers of clveland cleveland J financed their extensive railroad expansion lie he said he intended to show that those me men with associates purchase railroads with money paid by the public but always N va ys they sit in the 0 P van saddle 0 41 P van ilan va alln was the gen chief witness and he was the forget tiD gest witness yet set to appear before the committee to almost all mr air re pe coras questions he replied 1 I dont recall or 1 I dont remember until he drew a sharp rebuke frota from senator barkley who was presiding rt it seems incredible that a man of as large affairs as yours could have so little information about them the kentucky senator said sharply 1 I dont want to depend on guesswork van replied about all he remembered was that he and his associates rece reveled led from the morgan firm two loans totaling almost on october persistently boN however keyer sir pecora drove at two matters first to show that the van Swe had built up their railroad holdings not through investment of their own money but through borrowings the pyramiding pyram iding of holding companies and the sale of holding company securities to the public second to show the rise of the morgan interest in the van holdings beginning with equipment loans which were used in several instances to buy from companies doing bu business with the morgans and ending as future evidence Is meant to show by morgan co acquiring control over the van interests vociferously and loudly senator V vociferously arthur R robinson of indiana republican demanded in the sonata senate that secretary of the treasury woodin be impeached and that norman davis ambassador at large be recalled because their names were on the lists of preferred investors of the house of morgan and he be included in his enunciation denunciation robert worth bingham Eing ham ambassador to great britain 1 I say you have a secretary of the treasury that ought to be removed immediately because the american people have no confidence in him shouted senator robinson time after time he accepted gratuities from the house of morgan Is he beholden to morgan of course he Is or elso else he Is an ingrate it if the president does not remove him the senate should impeach him T SHERWOOD that Relus elusive lve gentleman who was reputedly the financial and business agent of jimmy walker while the latter was mayor of new york tork and who disappeared when be was w as wanted as a witness during the seabury inquiry into walkers affairs came back from hiding and was promptly called before a federal grand jury in new york that was invests gating the former mayors income tax R RT T T sherwood i returns ills attorney michael F r dee was vas in an anteroom but Slier sherwood did not dot call on him for advice which was taken as an indication that lie he answered fully and freely all questions put to him when dismissed sherwood hurried to his temporary residence in new jersey so that he be would not be arrested on the state charges pending since lie he fled during the seabury scabury inquiry at that time lie he was fined for contempt and as attorney dee said he be did not wish to be jailed for default in payment of the flue fine PRESIDENT ROOSEVELT noal I 1 trimble jr of kentucky to bo be solicitor for the department of commerce lie ile also sent to the senate the following nominations of united states attorneys jolin john A 1 garver for idaho william J earlier for new Alex mexico leo carl C donaugh fur for oregon Ore Kiin and aill VII linin mcclanahan anali in for western teu ten 1933 western pr aniu |