Show news review of current events the world over 0 ver 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 G ERMANY feeling that it Is ig being treated like a second class nation startled the world by withdrawing from membership in the league of nations and from the disarmament conference at first blush this looked rather like a threat of war in the cot distant future but sober consideration of the facts and conditions dissipated most of the fear that armed conflict was near in the first place the german government chancellor I 1 eft the way y open for hitler its return to the league find and conference if properly concil conciliated by the other nations more ilore potent yet perhaps Is the fact that none of the nations Is financially able to support a war at this time nor do the people of any of the countries directly invoked wish to go to war unless it may be the always militaristic of the delch chancellor Chancel loi hitler having announced Germ germanis Germany Anys 8 withdrawal president von hindenburg immediately decreed the dissolution of the reichstag and proclaimed a general parliamentary election for november 12 with a klebl tilte incite at the same game time to obtain the elie nations approval of the governments decision all the state parI parliaments laments were dissolved and there will be no new tate state elections so the power will be centralize dlin berlin hillers Hit lers speech of appeal to the german people to support his policy was full of ardor and yet was half conciliatory and caused hopes in great britain and the united states it if not elsewhere that the belch might be brought to of its action the officials of other nations refused to get excited and some gome of them admitted privately that hillers Hit lers protest was Ju justified stIfled but not his methods the managers of the disarmament conference were naturally disconcerted and decided to adjourn until october 25 some of them were mere ready to quit indefinitely but this move was blocked by norman IT darls the american representative A little later mr darls received in instructions from the white house and thereupon his position became considerably more detached in a statement to the press he informed the european nations that america would gladly cooperate in any disarmament negotiations but was not dot interested in the political element or any purely european aspect of the picture in other words the united states will leave europe to settle its own quarrels in its own way italian officials rather hoped the disarmament negotiations could be continued ft ath the framework of the four power pact but france indicated the would mould riot not consent to this the british cabinet heard beard a report from sir john simon foreign minister who mho had bad been in violent controversy tro versy verEy with baron von neurath foreign minister of germany and was said eald to be in a conciliatory mood though there was no indication that atwould it would abandon its attitude of cooperation with france llopes 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 germany Is determined in the future to attend no conference enter no league agree to no COTI convention and sign nothing as long as she Is not treated equally 0 ONU NI billion dollars will be put into circulation speedily when uben and it II the presidents program tor for the liquidation of closed national and state banks Is carried out izai the depositors will A be paid about 50 per rr cent of their deposits the money being f loaned by the recon j foj st ruction finance co corporation po ration to administer the liquidation a special division of the la Is set lift up to make loans to the several thousands of closed banks a B dean acheson merriam merryam Merr lam a director of the Is the head of the liquidation board and the other members are jesse jchse 11 jones chairman of the board of reconstruction finance corporation dean G acheson undersecretary of the treasury lewis W douglas director of the budget J F T oconnor controller of the currency and walter J cummings chairman of the deposit depoll t insurance corporation in general ce loans to closed banks will be limited to 10 1 0 per cent of deposits thus establishing a 50 per cent maximum fur for payment to depositors in tome cases where assets justify a somewhat larger distribution may be possible but where assets are not worth 50 per cent of deposits the dividend will be less in some cases the white house statement warned no dividends beyond those already paid will be possible the division will make loans to closed banks taking over their assets as security to the extent of the appraised value of the assets thus a closed bank desiring to liquidate will not have to sell its real estate mortgages and other frozen and semi fro zen ren 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 receive as large a proportion 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 of the agreement ament VIOLATORS thousands of whom have been reported are facing imprisonment and fines for the president lias has issued an executive order directing that force and prosecution be resorted to by the recovery administration ile he proclaims that those who are false to the blue eagle shall be subjected to fines up to or imprisonment m up to six months or both senator robert wagner of new york tork 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 recovery act for those who flout the decisions of the board and that these penalties will be enforced when dec necessary there will be no escape he said for the misguided minority who arise to interfere with every constructive program to organized labor which seems to many to be seeking solely its own advantage wagner said aid the strike should be abandoned as an instrument of first resort industry and labor cannot operate cooperate co by means of the strike such conflict may determine which of the two contestants Is stronger at a given moment but it Is merely accidental it if it produces a solution which serves the best interests of both parties and of the klaers HEN joseph B eastman federal wco WHEN co of transportation announced recently that orders might be placed soon for to in ralls rails the steel operators were greatly cheered up but since studying the conditions under which the orders would be placed some of them are not so happy C V mckaig i vice president eDt and aa general manager of sales tor for the carnegie steel company united states steel corporation J 0 eastman subsidiary Is one of these ile he quoted eastman as saying the order would mould be placed only it if an expected reduction in the price of steel materializes such a reduction Is the last thing the operators want said mckaig 1 I think thick the present pegged price ot of 40 a ton Is about right one of the purposes of the is to assure a reasonable return to the manufacturer from this observation a lower price now would seem to defeat this purpose eastman said the order would put thousands of workers back in the mills mckaig said the steel manufacturers rs already have contributed an estimated annually to the elie in the form of increased salaries OF agriculture S SECRETARY wallace and george N peek peck agricultural adjustment administrator announced that a plan would soon be put in operation for restriction of production of corn and hoss hogs it involves the distribution of to farmers mainly in the middle west and Is designed to take 12 i acres of corn land out of production nest dext year cutting the corn crop bushels and hog bog production 25 23 per cent the goern government ment will a advance the funds necessary for immediate payment of benefits to farmers and will be reimbursed from the proceeds of processing taxes levied on corn and pork secretary wallace also disclosed that tile the imposition of a compensating tax on beef cattle Is contemplated for the benefit of live stock producers the cattle benefit will mill be determined by the extent to which the increased price of pork switches consumption to beet beef the administration arranged for the purchase of approximately bushels of wheat and completed its cotton loan program in moves calculated to provide resistance to recent falling prices of the two commodities henry jr governor of the form farm credit administration announced purchase of the wheat at six markets nar liets through the farmers national grain corporation for the account ot of the federal emergency ailef administration which will it to the needy the purchase of large quantities of butter for distribution through relief agencies also was announced secretary of the interior ickes who Is also oil administrator undertook the first arst pegging of prices under the KRA ordering mInli levels fixed for oil and its ita products effective on december L 1 control of 0 trifle trade Is if now industrial being tried with cotton textiles an a the ground for the experiment under regulations approved by administrator johnson 1 F from r 0 n cow 0 on n n no 0 nan may co or cle s start r t a new w cotton ott m mill 1 11 w without the approval of johnson after a committee of cotton men elected to supervise operation of the Indu code has hag made recommendations not only that but no mill owner may increase his productive machinery without the same game approval recorded in a certificate bearing the industrial orators tra tors signature sported AN N IMMEDIATE embargo on imported medicinal liquors was ordered by president roosevelt on evidence that such importations bad increased sharply in anticipation of prohibition hibi tion repeal the president also rejected a proposal to permit importation of beverage liquors in bond pending the date of legal sale I 1 investigation of the federal hos pital at canton S D revealed what secretary of the interior ickes calls sickening and intolerable conditions and the confinement of perfectly sane indians among the insane mr ickes issued a statement severely sev v e r e I 1 y condemning local political and commercial interests for preventing the removal of the sane patients by obtaining an injunction from a canton court sealy sec y leke ickes and n for bringing political pressure to bear on officials of the indian bureau in washington the bureau has sought tor for several years to close the institution those responsible for securing this injunction presumably are actuated by a desire to save for canton the revenue that continued operation of the institution 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 object to locking up sane human beings in an insane asylum conditions in the institution were revealed by dr samuel A suk silk medical director of st elizabeths hospital ile he conducted an investigation at the request of secretary ickes his report repart made public by sir mr ickes iches described the asylum as filthy inhuman and revolting P PRESIDENT RESIDENT ROOSEVELT in an ad dress from the white alouse opened the four weeks drive of the 1033 mobilization tor for human needs which Is headed by newton D baker ile he urged that individuals everywhere give what they can to local organizations carrying on welfare services instead of leaving it all to the national goern government ment ile he re emphasized his pp ap i that state and local responsibility come first in the relief program it Is true said he that I 1 have hale d declared 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 american citizen will continue to do his and her part even eien more u unselfishly ns elfishly than in the past let me stress that a great many people will still need the help of relief agencies this winter inter it Is true that because of a partial but I 1 believe a steadily growing re employment of the unemployed many families and many individuals have been taken olt off the local relief rolls cut but on the other hand ban 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 for us to continue our support of the permanent hospital and welfare services that exist in every county and in most cow coin 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 ile he was appointed by the governor to succeed samuel G bratton Er atton ITI florida now on the list 33 WITH states have bare voted tor for repeal of the aig eighteenth amendment and only three more states are needed to put an end to national prohibition florida went wet net by a vote of approximately 4 to 1 av ROBERT 11 GORE CORE seems to G GOV have hake regained his prestige in puerto rico A coalition majority of union republicans and socialists socialist staged a parade and mass meeting in support of the governments program and the governor addressing the crowd pledged himself to work the greater happiness and well being of the puerto ricans part of the hie plan for the future gore said contemplates building to prepare to meet conditions twenty years when ben the island now overcrowded would be burdened by a population double present figures forces in slam geere government were reported to hare suppressed the insurrection that was led by a member of the royal family and for a time threatened to upset the existing regime the rebels who attacked bangkok were in night flight and their leader was mas among those captured to the persuasions of 0 YIELDING concessionaires and organizations izat ions the management of A century of progress in chicago decided to keep that great exposition open until after armistice day so it will not come to an end until midnight november 12 railroads arranged to continue their reduced rates and an exciting and interesting program for the final two weeks was concocted by the fair managers 0 1933 western newspaper union |