Show news review of current events the world over senator harrison voices demand for monetary inflation wallace warns the farmers japans al demands for bigger navy by EDWARD W PICKARD business men and many bother BANKERS other persons especially southern politicians bel eve inflation soon will be here tn in full force the financiers 7 are trying to guess when and in what form it will come and the southern sen sell acors and congress men are urging straight out curre currency nev inflation nelch w latter president roosevelt has seemed desirous of avoiding as long IL as possible of course senator we already have a degree of inflation pat harrison Harrlson shown by the dealin ing price of the dollar on foreign ex changes a few days ago it reached the lowest level in fifty years but this is not enough for the downright iffla zionists great pressure was being brought on the president the leaders in this being senator pat harrison of mississippi chairman of the senate finance committee senator fletcher of florida of the banking and cur rency committee senator thomas of oklahoma and Re representative presenta t ve byrns of tennessee house majority y lea leader der harrlson harrison predicted adoption of s q new administration monetary policy in the near future indicating it would be in full swing by mid october when the movement of cotton from the farms reaches its peak if it the administration does not act before congress meets he said con eon gress will compel adoption of an iffla flonary policy and not leave it to the discretion of the administration as was the case with the thomas inflation amendment declaring that the dollar Is too high and the price of gold too low the mississippian proposed an inflation pro gram that would include some or all of these methods t 1 issue treasury notes 1 2 raise the price of gold in the domestic market 3 purchase silver and issue treas ury notes against it regardless cheth er french and british operation cooperation could be obtained 4 create a dollar stabilization fund to force the value of the dollar down and to keep it there washington correspondents said the administration was planning to act in accord with a report from the dents secretly appointed committee of monetary experts which Is opposed to radical inflation its proposal Is that about november I 1 an agreement shall be sought between the federal reserve board and the central banks of europe for the immediate stabilization of american british french and ger man currencies by a process of peg ging them to one another the do lar would be pegged at a point between 70 and 80 cents president roosevelt maintained st sl lence ou on the matter of inflation but was especially concerned about the welfare of the farmer by his diorec tion the reconstruction finance cor po horation por atlon ration made available to the fed eral land banks another to assist in the immediate refinancing of farm mortgages held by banks whose operations have been restricted by heavy portfolios of such paper this step it was believed would help toward boosting prices for farm prod ace uce administrator JOHNSON and his laborers co finelly succeeded in producing a code for the bicum coal industry that was accepted by all the operators except two small groups and by the miners unions and was wag approved by Prel president dent roosevelt roosevell the principal points in this code are provides for fixing of minimum prices prescribes a maximum 40 hour work week sets basic minimum wages for un der ground workers ranging from 3 75 to 5 63 in 18 16 districts recognizes right of miners to or gamze creates regional and national boards to govern the industry and settle labor disputes the sale of coal at less than fair market prices Is forbidden and these prices are to be determined by region al marketing agencies and subject to government review the labor pro visions prescribed by the are contained intact in the code also the workers are given the right to elect their own check weigh men and are not to be required by their employers to live in company rented houses or to trade in company stores PEAKING ts the convention of the S SPEAKING grain and feed dealers national association to in chicago secretary of agriculture wallace uttered the warn ing that all plans for fixing prices of agricultural products must surely fall unless the law of supply and demand Is complied compiled with farmers he declared must control production and if they do not even inflation will not save them he said the production control measures already adopted by the government such as the plowing under of cotton the curtailment of wheat acreage and the slaughter and total destruction of r 5 little pigs will voll bring about a substantial rise in agricultural prices soon after january 1 if not before but this certainty the secretary added had brought from the farmers a great cry for mined trained ate price firing fixing to tide them over the ensuing three or four months the general tenor of his remarks indicated that he was op posed to taking any such action actio but that the government was standing standing at the crossroads of economic policy and might ha have e to listen to pol clamor after conferring with the secretary of agriculture and the heads of the farm and relief administrations pres u ident dent Roose roosevelt Nelt announced that the government would spend to buy surplus food products and cot tun ton and give them to the needy who are out of emp employment loment S SUCCESSOR to prof raymond aioley lx moley in the poci position tion of assistant secretary of st ite president roosevelt has turned to the ranks of the more practical politicians and selected robert walton moore a man of long experience mr moore Is a of fairfax va where he now res des and Is seventy four bears i ears old by profess on he Is a lawyel he ile was elect ed to the sixty sixth congress to fill out a vacancy and was re R W moore elected to each sue beeding congress until the seventy sev see ond he then retired to his home during the world war he was assist ant general counsel of the united stites states railroad administration he is also a regent of the smithsonian insel aution tn in washington mr ar moore Is an old friend of secre tary of state hull and presumably will be able to act in accord with the secre secretary s views better than did pro fessor moley p captured two more estates lv states new mexico and idaho these being the thirtieth and thirty first to turn thumbs down on prohibit tion by november 7 eight other states will have voted and there Is no reason to believe that the wets will fall to win in at least five of them all that Is necessary to remove the eighteenth amendment from the con ution in new ew mexico the vote was about three to one in favor of repeal only two of the 27 counties showing a ma bority in favor of the prohibition law idaho however wis was much closer the drys there making a showing of strength second only to that in tennessee the majority in senator borah s domain was only ap proximately five to four attorney general homer cummings handed banded down a decision in washing ton that permits penults bankers to finance the wholesale manufacture of liquor preparatory to repeal HILE the statesmen of europe WHILE wand and the united states are pre paring for reopening the disarmament conference there Is great interest in the naval plans of japan mineo osumi naval minister of the island empire has an bounced that his coun try will seek a revision of ratios at the next international con ference so that japan will be permitted to build nearly up to parity with great brit ain and united states mineo osumi he holds that under present conditions the defense pur pose of the japanese navy Is impaired and that more nar warships ships are required to protect the empire from outside attack counteracting this somewhat are statements from koki hirota the ne be v foreign minister and capt gumpel spokesman for the naval min astry the former asserts that japan Is striving for the best possible re lations with all foreign nations especially the united states china an and russ a captain declares japan has no intention of challenging amer lea to a naval build ng race although it will ask permission to construct a larger navy the Ja pinese ze navy Is defeis defensive lve not aggressive asserts the japanese japanese public does not want d 4 war NA e want honorable co on we do not want to be oppressed or dis ds graced bo no happiness comes out of war but when pressed hi to the wall we will fight he deplores propaganda assert edly aimed at up trouble between japan and the united states there Is no real reason for a war between america and japan says but there are many people who would like to see such a war I 1 have read many bool s and m agazine articles the aim of which adems to be to stir up bad relations between japan and america I 1 hope ohp people of america will not be misled by kropa ganda ESSE H JONES chairman of the has told the bankers how tl e government through his corporation plans to gain complete control of the national banks this will be obtained by arc ownership of the preferred stock of the banks and the scheme en visages agents directing bank policies electing d rectors hiring and firing officers directors and employees setting their salaries limiting theli their real estate investments and in general d erecting the operations of banks soldiers and civilians opposed to S ramon grau gran san martin as pros pres ident of cuba were reported to be mobilizing to drive him from office and the new revolt was momentarily expected to break out in ha vana vans in other parts of the island the op were tn in creakingly crea singly active and PW altogether affairs in the republic were in a sad muddle As the renewed conflict became more tin eminent the american J G layl ay n w warships drew in closer to the capital city and dished heliographic hello graphic communication with the american embassy president grau gran was concentrating his cavalry and artillery about the presidential palace and his opponents were gathering arms and amm at the national hotel where TOO army officers were beleaguered sold ers loial to grau were placing machine guns on adjacent buildings and train ing them on the hotel john G laylan a united states treasury expert who went to cuba with A A eerie berle of the arc recently returned to IN washington ashington with a report on the financial situation on the island what he told has not been made in ade pub lie but it is a certainty that he found conditions very bad and that his big report will have haye much to do in determining the attitude of the american govern ment the state department ins sted there was no present intention of land ing marines or blue jackets but the sudden sending of four destroyers from guantanamo to troubled spots was in d captive of the serious situation on the island mr hull said that amer leans endangered in the interior should move toward the warships for krotec tion N among recent deaths la is i that of dr annie besant leader of the theosophists of the world she passed away in madras india at the age of eighty six years death being due to the infirmities of old age she claimed to have hake been reincarnated many times since beginning life bears ears ago Lea dersh p of the world theosophists was attained following upon a life wh ch began after she wp wpc divorced from an english clergyman deprived of her children she became the champion of london lond on s poor a leader in political and social reforms and a strike organizer her attention then vi was as d reeled to the religious movement erlin was full of reports that there had been a split between betteen chancellor hitler and his hand man capt herman wilhelm goering premier of prussia these rumors were given body by the fact A that hitler did not attend the ceremony at which goering in stalled in office the new prussian s state t a t e council in the berlin university the 71 counselors who took the oath in unison included lead capt boering ers of the nazi storm troops the army navy church art commerce industry and also the for mer ruling houses prince august wil helm and prince philipp of hesse tle tl e impressive ceremony was witnessed by the crown prince and crown princess of italy the papel nuncio msgr orsenigo orsell 0 o dor william wiiiiam E 13 dodd of the united states and other members of the d plo matle corps but both pres dent von hindenberg and chancellor hitler were absent the new council Is merely a con sulta tive body having no voting pow ers because as goering explained that Is a relic of which he declared had bad been destroyed by nazism together with the same day foreign minister von neurath expressed germany s deter mi nation to obtain security and equal ity in weapons of defense or withdraw from the arms conference in paris the representatives of the united states great britain and france held conversations prelim inary to the resumption ot df the dis dig armament conference the main topic being frances proposal for rigid and permanent control of arms which must be tried over a period of years before she will consent to d arm EN GELBERT DOLT C fuss of austria physically small but mentally something of a giant seeks eel to straighten out the troubled affairs of bis his country by following in the footsteps of premier Mush mussolini olInI of italy he ile has espoused fascism and f formed 0 r in ed a new cabinet of personalities in which he and capt emil fey of the fascist heim helm wehr are at the top vice chancellor franz winkler leader of the democratic agrarians and kar karl who was war minister in six teen cabinets are excluded dollfuss himself holds five portfolios being chancellor and arid minister of foreign at af fairs agriculture defense and public security 0 1933 western newspaper union |