Show news review of current events the world over eugene black to sell new deal to the banks president warns against food profiteering cotton textile strike voted by EDWARD W PICKARD C C b by union ea E IL R BLACK has resigned as governor of the federal reserve e board and president roosevelt Koos ovelt has given him a new position c contact officer between the banks and the government this means that mr black Is expected to sell bell the new deal to the financial institutions r tut ions which in the lie past have been among the severest critics of many features of the presidents president a program for recovery lie ile returns return 9 to his former eugen R position of governor wick bla of the atlanta federal reserve bank which he be left in may hay 1033 1943 to assume the direction of the whole reserve system mr black himself said his new as algrim ent Is to muster the strength of our financial institutions behind recovery in america some observers in washington thought the move indicated that the administration was going to make another attempt to thaw out the vast sums in commercial credits that are lying idle in the banks you can do much good president roosevelt wrote black to in accepting his bis resignation by presenting the recovery program to the count rys reserve banks commercial banks and other financial institutions by acquainting them with the successive steps taken by the administration which have resulted to in the present prosperous condition of these institutions and which inake possible their operation cooperation co with tle the administration in its program of complete business rehabilitation 1 I am pleased to think that your position as governor of the federal reserve bank at atlanta will give you opportunity to undertake this work and that that bank together with the Ite federal deral reserve board will operate cooperate co with you in its performance among those mentioned as likely to succeed black as governor of the federal reserve board was marriner S eccles utah banker who Is s now a special assistant to secretary of tile alie Irrea treasury sury ile he Is close to rexford guy tugwell PRESIDENT ROOSEVELT it turns 1 out Is not at all dismayed by the catastrophic drouth that has afflicted a large part of the country to the tha white house correspondents he indicated his belief that the drouth was in a way a blessing in that it was wiping out ont farm surpluses two years sooner than could have been done by the wallace crop reduction plan ile he ex el pressed the belief that there will be plenty of food for all and made it clear that the administration would not mot stand for any profiteering la in food prices or grain speculation to the detriment of the farmer and the public chiselers it was promised will be promptly and severely punished the federal grain futures administration directed by J M mehl it was revealed Is watching grain trading closely the first evidence of mantsu manipulation will bring punitive action the tha consumers council of the AAA under tinder dr frederic C howe Is charting food prices housewives will be warned earned of any increase out of line with market supplies Bupp lles secretary wallace has admitted that there will necessarily be increases in food prices and figures released by hla his department show they are already beginning to go higher WHILE W HILE harry hopkins federal relief administrator Is vacationing in europe his place Is taken by aubrey williams his assistant mr williams has been in conference with the president laying out the plans for drouth relief and the conservation of food supplies among the first thing things i the relief administration k will wih do Is to buy up hay bay and fruit that otherwise might go to waste hay on public J lands also will be cut and baled the aubrey orey complete program williams was wag being formulated by mr williams and secretary wallace it was expected this would include expenditure of left in the special drouth appropriation and distribution of food and clothing to the needy by the surplus relief corporation aid for live stock block to Is to be provided mr roosevelt Is determined that the relief administration shall be kept clear of politics at his suggestion telegrams were sent bent to relief directors and workers everywhere telling them to keep keel out of partisan politics and to resign it if they wish to run for office wout thuen IJEN the INRA Is reorganized and put under control of a commis slon a change that Is soon due gen cen hugh S johnson may still be in the fhe picture despite the belief that he would retire completely he told something of the plans for the shake up and tit at the same time said it if the president wants me to stay I 1 might serve as chairman of the board provided it did not take all of my time johnson said eald he expected the whole reorganization reorganisation of the to be completed within the next CO 60 or 90 days the first step he be said will be the formal submission of plans to the prest dent congress will be asked next winter to enact the revised NIIA setup as a permanent government control over industry johnson disclosed it will be the new deal tor for business which president Roose roosevelt Nelt will try to fix on the country for all time this permanent as sketched by Job johnson would consist of a general governing board a stogie administrative officer to carry out the boards dictates and a long string of government representatives sitting on code authorities as umpires in disputes between employers empl and workers and between industry and the public broadly speaking the might retreat and allow business greater freedom president roosevelt can U UNLESS prevent it about halt half a million workers in the cotton textile industry will be on strike on or about september 1 because they are utterly dissatisfied with their NKA code the tha convent convention lori of the united textile workers of america in new york voted mandatory instructions to the unions executive council to call this general genera strike and it it goes into effect it may later spread to other branches of the industry involving an additional leaders Lad cra in the 6 strike movement are norman tho thomas was former socialist candidate tor for president and the younger element in the union the specific aim will be to obtain a reopening of the textile code and its revision along lines demanded by the union demands will be made for the 30 hour week with 40 hour pay elimination of tile the stretch out system with corresponding readjustment of machine loads and a universal system of collective bargaining on the basis of free choice of representatives by the workers primary elections in several states 1 brought about interesting results in nebraska representative E IL burke of omaha advocate of the new i deal won the demol demo k I 1 cratic nomination for senator defeating gov r charles W cryan bryan by an astonishing plurality of more than go the republicans nominated robert G simmons it was predicted by friends of senator norris radical republican that the progressive republicans E R burke burka public ans would support curke burke for simmons a member of congress has been attacking the and the AAA ohioans are given their choice between two veteran politicians in the race for the senate A V donahey three times governor of the state was made the nominee of tile the democrats running tar far ahead of gov george white and charles 0 west the last named was the choice of the national administration but he made a poor showing senator simeon D fess one of the most vociferous opponents of the roosevelt programs easily won by tile the republicans for governor the democrats nominated martin L davey the tree doctor and the republicans put up clarence J brown gov J M futrell of arkansas was as were all but two of the states congressmen who sought reelection election re democrats of idaho are so BO well satisfied with gov pen ben C ross former cowboy that they him tor for a third term the republican nominee there Is frank I 1 L stephan looking over these primary results and considering the prospects all over the country democratic leaders leader in washington predicted their party would gain six senate seats republican campaign managers said eald the G 0 P will hold its own As for the house the democrats admit they will ani lose at least twenty five seats and their opponents claim the republican agn gain in will be between fifty and sev enty five seats RELATIONS between russia and lv japan have been further strained bv the arrest of 17 soviet subjects all officials and employees of the chinese eastern railway by Manchu kuo authorities ties they are accused of plotting against Manchu kuo and japan and of 0 being in collusion with bandits in recent attacks on the rall railway way the russian consul general at harbin vainly demanded the release of the prisoners in moscow the arrests gave rise to rumors that japan was preparing to declare military law and take over the rall railway way the sale of 0 which has long been a subject of fruitless negotiation boklo dispatches quoted a foreign office spokesman as saying the government was considering sending a general warning to moscow 1111 the sanction ol 01 the american wean federation of 0 labor a strike was called lu in the plants ot of the aluminum company of america which Is controlled by andrew W Bl ellon former secretary of the treasury and his family six of the plants at new kensington arnold and logans ferry pa alcoa tenn east st louls louis UL and massena N 1 were closed and those at fairfield conn and raden baden N C were about to shut down the company normally employs about persons person L proposals offered by the workers woi kers representatives late in july were flatly rejected by the company PRINCE RINCE RUDIGER RUDI GEIl VON tI EMBERG of Aut austria tria who has just been in italy consulting with premier mussolini says the austrian government go expects a new nazi outbreak in that country within the next few months lie ile says he has information that a W putsch Is being prepared and that he distrusts the pence peace N k talk of the german government lie he also doubts the reports of the dissolution of the prince von austrian nazi jeglor Star hemberg in germany and believes the belch Is still fin financing the nazi in austria the princes statements are borne out by the fact that austria has sent cent a note to great britain france and italy aking permission to enlarge its army because it fears another nazi putsch Is imminent still hemberg asserts that an overwhelming wh elming majority of the austrian people are in favor of the hapsburg restoration that the vatican Is for it and that italy and england are neutral but that france and the little entente would oppose it TWENTY vanty years ago august 16 1914 the panama canal was opened bopf neil to traffic lc and the figures giver given out on the anniversary are interesting Interest inc during the canals existence commercial vessels have passed through it tolls collected totaled S A total of tons ol of cargo were v cre carried and the net ton tonnage ringe ot of the ships using the canal was united states shipping totaled vessels which paid in tolls and carried tons of cargo it had per cent of the assels es sels per cent of the tonnage the same percentage of tolls and isi per cent of the cargo carried british shipping was second with ships in tolls and 06 0 tons of cargo the corwe glans gians were third with vessels tolls and tons of cargo german ceriman ships numbered japanese 2858 dutch aim and then came the french danish and swedish LONG was marching SENATOR S rapidly toward victory over his arch foe mayor T semmes walmsley of new orleans and there seem to be anything the latter could do to stop the th the state legisla ture safely in the control of long and his henchman governor allen alien was swiftly pushing through a series of measures designed to put every parish and city of louisiana in the grip of 0 those two gentlemen before the state primary on september 11 the legislators also passed a bill for an investigation into the affairs of new orleans ABOUT BOUT GOO COO grizzled members of the grand army of the republic were able to attend the sixty eighth encampment at rochester N Y and many of them even insisted in marching in the parade scorning the automobiles that carried their feebler brothers commander ln in calef russell 0 martin presided over the sessions and the chief speaker was secretary of war dern mr dern told the veterans that the world was seething with unrest and that weak nations might become involved in chaos and war america he be asserted Is in the grip of another kind of war one against economic adversity intensified by the terrific drouth but he expressed confidence american character american grit will win out ile he added we will vill surmount the obstacles clea ahead of us and because of this period of trial ours will be a stronger nation more ready to meet the other crises which lie in the future we must be strong administrator A administrator JAMES A inaugurated the housing administrations billion dollar home repair program the first loan being made by a washington bank tp t miss alma magrum a home owner in the presence of many bankers and government officials mr moffett sald said credit facilities were available in cities and towns with populations aggregating A booklet issued by the housing administration explains that any property owner may apply for a housing loan to any bank building and loan association or other finance company approved by the administration for a loan of to 2000 for improvements on the property notes are arc made to run up to three years ana tile the only security Is a good credit standing in the community and a regular income the finance companies nay may not nol charge more than 5 per in fees interest or discounts and the notes are to be repaid in equal monthly installments stall ments applications may be made for family residences residence apartment build ings stores office buildings factories warehouses farm buildings garages or any other kind of housing w v tur ness property properly |