Show news review of current events the world over i hitler takes germany out of league of nations and disarmament conference depositors in closed banks to get 50 per cent payment by EDWARD W PICKARD GERMANY ERMANY feeling that it Is being treated like a second class na us tion startled the world by withdraw ing from membership in the league of nations and from the disarmament con terence ference at first blush this looked rather like a threat of war in the not distant future but A sober consideration of the facts and condl bons dissipated most of the fear that armed conflict was near in the first place the german government chanc chancellor flor left g the g o 0 way aaa open for hitler I 1 i its return to the league and conference if properly conciliated by the other nations more potent yet Ier perhaps haps is the fact that none of the nations ions Is financially able to support war at this time nor do the people ct of any of the countries directly in evolved wish to go to war unless it may be the always militaristic of the retch chancellor hitler having announced germany germanys s withdrawal president non on immediately decreed the dissolution of the reichstag and proclaimed a general parliamentary elec tion for november 12 with a at the same time to obtain the na tion a approval of the government governments s de cislon all the state parliaments were dissolved and there will be no new state elections so the power will be centralized in berlin hitler e speech of appeal to the ger man people to support his policy was full of ardor and yet was halt half concill atory and caused hopes in great brit ain aln and the united states if not else where that the retch might be brought to a reconsideration of its action the officials of other nations refused to get excited and some of them admitted privately that hitler s protest was justified but not his methods the managers of the d ament confer ence were nere naturally disconcerted and decided to adjourn until october 25 some of them were ready to quit in definitely but this move was blocked by norman H davis the american representative A little later mr davis received in from the white house and thereupon his position became consid drably more detached in a statement to the press he informed the european nations that america would gladly cooperate in any disarmament negolia eions but was not interested in the political element or any purely euro aspect of the picture in other words the united states will leave europe to settle its own in its own way italian officials rather hoped the disarmament negotiations could be continued with the framework of the four power pact but france indicated she would not consent to this the british cabinet heard a report from sir john simon foreign minis ter who had been in violent con troverse tro versy with baron von neurath tor for eign minister of germany and was bald said to be in a conell atory mood though there was no indication that it would abandon its attitude of co operation with france hopes that germany would come back into the concert of nations by the back door were dashed by hitler who in a powerful address declared 1 germany Is determined in the fu ture to attend no conference enter no league agree to no convention and ign sign nothing as long as she Is not treated equally 0 NE billion dollars will be put into v circulation speedily when and it the president s program for the diqui dation of closed national and state banks is carried out the depositors will be paid about 50 per cent of their deposits the money being loaned by the recon V W st ruction finance cor horation por po atlon ration to adminis ter the I 1 liquidation a special division of the is set up to VAN make loans to the I 1 several thousands of closed banks C B dea dean acheson merriam a director of the Is the head of the liquidation board and the other members are jesse H jones chairman of the board of reconstruction finance corporation dean G acheson undersecretary of the treas ury lewis W douglas director of the budget J F T 0 connor control ler ef of the currency and walter J cummings chairman of the deposit insurance corporation in general loans to closed banks will be limited to TO O 0 per cent of deposits thus establishing a 50 per cent max imura for payment to depositors in come cases where assets justify a somewhat larger distribution may be possible but where assets are not worth 50 per cent of deposits the divi bend will be less in some cases the white house statement tat ement warned no dividends beyond those these already paid will be bc possible the division divis divi sinn mn nill ft make loans to clocea banks taking over their assets as security to the extent of the ap praised value of the assets thus a closed bank desiring to liquidate will not have to sell it its real estate mort gages and other eiwen and semi fro zen assets at bankruptcy prices on the open market instead these assets can be held for a market more in line with their real value while depositors meanwhile recene as large a tion of their tied up deposits as they would get it if they were forced to wait for the money the plan will be applicable only to banks closed after january 1 1933 ament VIOLATORS of the NIU agreement thousands of whom have been reported are facing imprison ment and fines for the president ent has issued an executive order directing that force and prosecution be resorted to by the decol recovery ery administration he ile proclaims that those who ilbo are false to tie tle blue eagle shall be subjected to fines up to abo or imprisonment up to six months or both senator robert wagner of new york head of the national labor board followed this up with a warning to all industrial groups that heavy fines and jail sentences are provided in the licensing provisions of the ery act for those who flout the decisions of the board and that these penalties will be enforced when nee essary there will be no escape he said for the misguided minority who arise to interfere with every construe tive program to organized labur which seems to many to be seeking solely its own advantage wagner wagn er said the strike should be abandoned as an instrument of first resort in austry and labor cannot co operate by means of the strike such con filet may way determine which of the two contestants Is stronger at a given mo ment but it is merely accidental if it produces a solution which serves the best interests of both parties and of the wco joseph B eastman federal of transportation announced recently that orders might be placed soon for 30 in rails rail 8 the steel operators were viere greatly cheered up but since study ing the conditions un der which the orders would be placed some of them are not so happy C V ackal mckaig vice president and general manager of 0 sales for the carnegie steel company united states steel corpora J B aas eastman man alon subsidiary is one of these he quoted eastman as say ing the order would be placed only if an expected reduction in the price of steel materializes such a reduction Is the last thing the operators want said mckaig I 1 think the present pegged price of 40 a ton fork Is about right one of the purposes of the Is to assure a reasonable return to the from this observation a lower price now would seem to defeat this purpose eatman eastman aid said the order would put thousands of workers back in the mills mckaig said the steel manu facture rs already have contributed an estimated annually to the in the form of increased salaries or agriculture wallace and george N peek agri cultural adjustment administrator an bounced that a plan would soon be put in operation for restriction of pro of corn and hogs it involves the distribution of 30 to farm ers mainly in the middle icv west est and Is designed to take acres of corn land out of production next year cutting the corn crop bushels and hog production 25 per cent the government will advance the funds necessary for immediate pay ment of benefits to farmers and will be reimbursed from the proceeds of process ng taxes levied on corn and pork secretary wallace also disclosed that the imposition of a compensate ng tax on beef cattle Is contemplated for the benefit of live stock producers the cattle benefit will be determined by the extent to which the increased price of pork siv itches consumption to beef the administration arranged for the purchase of approximately bushels of wheat and completed its cotton loan program in moves calca to provide resistance to recent falling prices of the two commode ties henry jr governor of the farm credit administration an bounced purchase of the wheat at six markets through the farmers nation al at grain corporation for the account of the federal emergency relief admin which will distribute it to the needy the purchase of large quantities of butler butter for d str button through re ilef agencies also was announced secretary of the interior lobes ickes who Is also oil administrator undertook the first pegging of prices under the ordering minimum levels fixed for oil and its products effective on december I 1 industrial control of trade Is now being tried with cotton textile textiles as the ground for the experiment under regulations approved by administrator j johnson from now on no man may s start tart a new cotton mill without the approval of johnson after a commit tee of cotton men elected to super vise operation of the industry s code has made recommendations not only tl at but no mill owner may increase his productive machinery without the same approval recorded in a certify cate bearing the industrial adminis s signature AN A N IMMEDIATE embargo on am in ported medicinal liquors was or dred by president roosevelt on evi dence deuce vat tl at such importations had in n crea ed sharply in antiel atlon lation of pro hib tion repeal the president also re ejected a proposal to permit imports tion of beverage liquors in bond pend ing the date of legal sale I 1 investigation of the federal hos hog pital at canton S D revealed what secretary of the interior ickes calls sickening and intolerable conditions and the confinement a of perfectly sane in among the in sane mr ickes ie Is sued a statement se verely v e r e 1 cond condemning eining local political and commercial interests Inte reste for pre pren enting the removal of the sane patients by obtain ing an injunction ion from a canton court sec see ickes and aaa for f bringing po lotical pressure to bear on officials of the ind an bureau in washington the bareau has sought for several years to close the institution those responsible for securing this injunction presumably are actuated by a desire to save sale for canton the revenue that continued operation of the insel institution aution there means mr ickes declared they appear to be willing to make a profit out of the degre depredation dation of helpless indians they do not ob jeet to locking up sane human beings in an insane conditions in the institution were revealed by dr samuel A silk cal director of st elizabeth s hospital he conducted an investigation at the request of secretary ickes his report made public by mr ickes de the asylum as filthy inhuman and revolting PRESIDENT ROOSEVELT tn in an ad A dress from the white house opened the four weeks drive of the 1933 1033 mobilization for human needs need which Is headed by newton D bak baker er he ile urged that individuals duals everywhere give what they can to local eions carrying on welfare services in stead of leaving it all to the national government he re emphasized his po that state and local tty ity come first in the relief program it Is true said he that I 1 have declared thit that government must not let any one starve this winter but at the same time this policy is based on the assumption that the individual ameri amerl can citizen will continue to do his and her part even more unselfishly than in the past let me stress that a great many people will still need the help of relict relief agencies this winter it Is true that because ot of a partial but I 1 believe a it steadily growing employment reemployment re of the unemployed many families and many individuals have been taken off the local rel ef rolls but on the other hand the need of those who are still on the rolls Is proportionately greater than it was before and in addition to the work of direct relief it Is necessary tor for us to continue our support of the permanent hospital and welfare services that ex 1st in every county and in most corn com EW MEXICO has a new united estates NEW states senator in the person of carl A hatch who has been serving as district judge in santa fe he was appointed by the governor gov einor to succeed samuel G bratton WITH ITH florida now on the iise list 33 states have voted for repeal ot of the eighteenth amendment and only three more states are needed to put an end to national prohibition florida went rent wet net by a vote of approximately 4 to I 1 OV LOBERT H GORE seems to chave GOV have regained his prestige in I 1 berto rico A coalition majority of union republicans and socialists staged a parade and mass meeting in support of the governments program and the governor addressing the crowd pleaded himself to work for the greater happiness and well being of the puerto ricans part of the plan for the future gore said contemplates building to prepare to meet conditions twenty years hence nhen vi hen the island now overcrowded wo ild be burdened by a population do ible present figures forces in slam geere were reported to have suppressed the insurrection that was led by a member of the royal family and for a time threatened to upset the exist ing ling regime the rebels who attacked bangkok were nere in flight and their lead er was wag among those captured to the persuasions ot of Y concessionaires and business organ izat ions the management of A cen fury of progress in chicago decided to keep that great expos tion open until after arm stice day so it will not come to an end until midnight november 12 Rall railroads toads arranged to continue their reduced rates and an exciting and interesting program for the final two weeks was concocted by the pair managers a 19 1933 s 3 western newspaper union |