| Show news review of current I 1 events the world over senate passes farm bill with the inflation amendment roosevelt to ask authority to deal with war debts herriot enters conversations by EDWARD W PICKARD by the administration by babe BACKED the big democratic majority in the th senate and apparently by the favor of a large part of the population of the country the thom thomis is inflation amendment to the farm relief bill won an easy victory in the senate with this most portentous addition the aba farm bill was passed and sent back to the house for concurrence the anti led by senator david A reed heed of pennsylvania sen T thomas annas made a ties des but hopeless fight arguing that while controlled inflation as prom ased by the amendments sponsors might temporarily restore a measure of prosperity to the nation previous ioui experience here and abroad showed that control could riot cot be maintained and that the ultimate results would be disastrous reed need tydings of maryland a democrat and others seemed terribly dismayed dis maed by the prospects for the future and their sincerity could not be doubted senator thomas of oklahoma himself elf led the debate for the opening with the startling statement that the amendment if it prevailed should transfer value to the extent of almost from the creditor class to the debtor class of course the effect of this assertion Is greatly really weakened when one realizes that our people cannot really be divided into such classes there is scarcely a creditor in the land who is not also a debtor and vice versa but this point and many another were ignored by tile the proponents of inflation senator pat harrison of mississippi for instance on the second day of the debate confined his efforts mainly to taunting the mellon mills reed group for its alleged failures during the hoover ad ministration the wheeler king silver coinage amendment was accepted by the senate it would enable the president to fix the ratio between gold and silver and to provide for unlimited coin age of both metals at the ratio so fixed what inflation even if con JUST trolled strolled troll ed will do to the nation and its business Is a question or fin which economists and financiers are as f far ar apart as the poles for the present the prospect of its adoption and the abandonment of the gold stant standard lard haye served to create almost a boom in certain lines of business and the prices of commodities have begun to rise put but how this will in the ion run benefit the ordinary citizen has not dot been shown to the satisfaction of most of us an especially dangerous clause in fit the thomas amendment is the one gir ing the president power to dealue the gold dollar to the extent of 50 per cant senator benator horah batah an argued that this would be declared unconstitutional it may be this power will never be exercised by the president hut if it Is it will be followed by steps to abrogate the gold clause in bonds mortgages and other contracts provision for such action Is made in the pending bill which provides that existing contracts shall be satisfied by payment of their face amount in legal tender that after its enactment gold clause contracts cannot be made legally and that any profit made from exchanging gold for legal tender would be subject to a per cent tax some experts are of the opinion that the inflation hill bill may neer be used that it Is a mere bluff intended to have the very effect it Is now having arresting and reversing the downward course of prices and giving avid the president a better position in the economic conversations with foreign statesmen as did the abandonment of the gold standard which also was inflationary AR debts and reduction of armaments W WAR came to the for fore in the white house conversations us its primp minister macdonald concluded his part of the parleys and prepared to depart for home and former premier edouard her riot of france began his sessions with the president these three gentlemen met er and after an informal 1 dinner mr air ax roosevelt took up the disarmament question with them his evi M H herriot ariot dent purpose being to bring frince france fr ince into line nt at the geneva conference french demands for guarantees of security against attack which have blocked all agreement hitherto were discussed by the president pres 1 and it was said he indicated that he was searching sincerely for means of associating the united states with international efforts to check aggressor nations such association might inight take the form of consultation with signatories signa tories of the kellogg peace pact lu in the event of its violation and in addition there Is the administration bill authorizing the president to join other nations in ID declaring embargoes on arms and munitions As for the war var debts they were first brought up by mr macdonald who let mr roosevelt know that great britain would like a downward revision and their said that the basis was laid of a clearer understanding of the situation affecting the two nations though DO plan or settlement was under way yet this encouraged M herriot and his expert associates to press the arguments of france for cancellation then mr air roosevelt let the correspondents spon dents know that he was planning to ask ash congress for authority to reopen the war var debt settlements and negotiate a reduction of the 11 billions ons which european europe an nations owe the th e united states if he were vested with this power the united states would enter the london conference prepared to bargain for stabilization of curren cles cies on a modified gold basis re of silver lowering of tariffs and other trade barriers and adoption of measures to raise commodity prices and restore purchasing po poi er members of the french delegation said the president had promised mac donald and IIer Iler riot that tie be would ask congress for authority to postpone the debt installments due june 15 and that in return herriot would ask the french parliament to pay the defaulted december 15 payment of As sir mr macdonald cDonald Mn said goodby good by to the white house he and mr roosevelt announced that they had bad agreed on the following an increase in tile the general level of commodity prices orientation reorientation re of commercial pol policies iches reduction of tariffs quotas and exchange restrictions world expansion of credit capital expenditures by governments to stimulate business lie ite establishment of an international monetary standard improvement of the status of silver RIME MINISTER RICHARD B P PRIME bennett of canada was already in washington to talk with the president finance minister guido jung 0 of f I 1 italy t a I 1 y and hjalmar of germany were e on their wa way vl and japan announced that viscount kikujiro ishii would arrive aal 1 may 23 mr bennett told the newspaper men that canada stands ready to discuss any proposals that took look toward clos er cr commercial relar B bennett antt lions the y united states and said tile the ottawa agreements do not affect these trading possibilities ties in a prepared statement he used these emphatic phrases we have readied reached a point where it Is certain that nothing but united action can avert world disaster immediate action is imperative imperati re the world Is in tragic trouble and distress if we do 10 not soon defeat the forces or of disruption and discord they will defeat us we must act boldly and unselfishly otherwise we shall hall be certain witnesses of the wreck of our 6 civilization 1 asked whether canada really had gone off the gold standard as had been asserted by finance minister rhodes the prime minister replied canada is as much off the gold standard and as touch much on the gold standard as tile the united states lUSINO to accept tile norris R RK senate bill as a s substitute the house passed the mcswain bill for the operation of the muscle shoals development opi nent the vote being 3 to 91 S seventeen ev republicans and five farmer labovites laborites Lah Lab orites voted with the majority the house version is regarded as a less drastic measure than the norris hill the file principal point of nf difference liet the to tn is that tile hie house hill bill pro provides an appropriation of dioio und and a bond issue of S for starting the development pro program grom uldale tile norris bill simply authorizes all appropriation necessary the I 1 nebraskans Nebra measure is lihew likewise 1 se more rigid with regard to government construction const st of power transmission lines I 1 1 E the world disarmament conference W WHEN rn f 1 ce resu resumed ined its sessions in geneva the french plan for an antiwar pact of consultation was presented by ilene Massi Mas sigil sli it excluded the american continent on the ground that it was impossible at present to make the pact universal fassl massagli ll suggested the creation in tile the ca capital altal of each signatory power of a which would determine violations of f tile the briand kellogg pact and the rights righta of 0 a victim to assistance concrete measures to prevent misuse of civil airplanes for military ni flitar y purposes were presented by the united states canada argentina and japan four power pence peace plan Is causing a lot of excited discussion in various european cou countries n great britain and germany german y might gladly agree to this but france still asserts the sanctity of treaties must be respected and in this she Is of course supported by all the nations of the little entente and by poland in czechoslovakia especially sentiment was aroused aron sed and foreign minister edouard benes bencs told the parliament in prague that whoever desires to changa the boundaries of that country rnest must bring an army along with him lie he criticized the mussolini plan as a great backward step and added history shows that surrender of territory always Is connected with the bloodiest wars S OVIET russia was on the verge ot of t a quarrel with japan over the equipment of the chinese eastern railway and in that connection it was interesting to note that a new alignment was bringing russia and france together the former drifting away from germany and the latter beginning to take sides against japan already the french and russians have arranged for exchange of military information and military instructors before long t the lie situation on the european continent may be pan german isna ism against pan with france on the side of the latter and italy with the former chinese resistance near C CONTINUED Ku pass on the road to neiping so ent enraged raged the japanese mill mili tary command that it announced the early occupation of all strategic points in the north china area with thlik in view the japanese launched a general attack south of the great wall designed to open the way to the old chinese capital As usual japan finds a ready excuse for offensive movements already planned the government has announced that only nations recognize rec ing that state will benefit by its prom ise of an open door trade policy T THE HE nazi campaign against the jews in ID germany continues with vigor dr joseph goebbels of propaganda speaking at cologne said we consider the jews oui enemies but hitherto have exercised a clemency which the jews do not de serve it if they believe that this clem ency Is weakness we will quickly teach them differently goebbels proclaimed may I 1 as the festal day of national labor to the disgust of the communists who have long considered that day sacred to their cause caum students of kiel university asked the rector to compel 28 jewish professors to resign the anti jewish movement also was manifested in rumania where a ten day boycott of all jewish shops in the province of bukovina was ordered by a fascist organization F FORMER anmer gov nellie tayloe ross r of wyoming finally has been placed in a federal position the president appointed her director of the mint obviously mrs ross was entitled to a good place for as vice chairman ot of the democratic national committee and head of the bartys organization she has been very active and valuable gar pC PUBLICAN federal assoil v ates Is the name given an organization just formed by men prominent in the hoover administration to aid the party in returning to power in the 1934 cong congressional elect elections lons walter F crown brown former postmaster general Is its president and ogden mills secretary of the treasury A under hoover is wy a I 1 ij chairman of the 3 board bartl arch coleman who IV ho was first assistant ogden mills ills postmaster general in the hoover administration Is in charge of washington headquarters and AV irvin glover who was second assistant postmaster general Is director of organization mr coleman Co lemin said the organization was primarily to keep together those who ho have been active in republican circles for the last twelve years to keep them advised advise of what is going on and to bring back bach to the party fold those republicans who supported roosevelt noo sevelt last year ernest lee iee Jah jahncke ricke the hoover assistant secreta secretary ry of the navy Is first vice president mrs nicholas longworth second vice president charles 3 moos third vice president william 11 castle treasurer and coleman general secretary six of the lie hoover cabinet members are represented on tile the board of directors mills crown brown roy D chapin arthur M hyde william N doak and pay lyman iyman I wllbur wilbur others include walter E hope former assistant secretary of the treasury james J itchell Pi union onion city ind mrs longworth castle moos st paul jahncke harry culver culver calif coleman Coi einan glover clover john richardson boston ferry K heath former assistant asI stant secretary of the treasury nud and mrs albert G sims new mexico has the honor of being wing WISCONSIN the second state stale to ratify the prohibition repeal amendment to the constitution and the first to do that by unanimous vote ote fifteen delegates assembled in the capitol building in madison were addressed by governor and to in eight minutes thereafter tile the resolution of ratification had been drawn up and adopted to the accompaniment of calipers 0 1933 western now apor enlon |
