| Show news review of current events the world over secretary b on costs of new deal realign ment of codes interesting results of recent primaries by EDWARD W PICKARD stern union SECRETARY OF ann ahr TREASURY J ifor in his first speech since taking office forecast an even inflation ot of by an bouncing noun cing the treasury expects sooner or later to apply its gold profit to a reduction of the national debt for the present this f is un der er ock lock and key sir air said most of it by authority ot of congress is segregated in the so tai galled called stabilization sic se ary fund and for the mor k anthau present we propose to keep I 1 it there but I 1 call your attention tion to the fact that ultimately we expect this profit to flow back into the stream ot of our other revenues and thereby reduce the national debt the profit in question accrued through a bookkeeping operation when the amount of 0 gold fixed by law as the equivalent of 1 was reduced from 23 2322 2 gr uns to 1371 grains this meant that an ounce ot of gold was worth one day and the next had a value of 35 just previously tile the treasury had taken title to all the monetary gold in the country paying for it at the 1 j rate on every ounce it made a profit of 1433 the difference between the purchase figure fig gure and W 35 the secretary gave in figures his estimate of the cost of the new deal against an increase of in tile the national debts debt he be asserted various assets should be deducted ile he listed them as follows an increase of in the treas cash balance since march 4 1933 the gold profit amounting to 2 an increase in the net assets of agencies wholly owned or financed by the government amounting to 1095 1005 did not carry the proposition through to its arithmetical conclusion but the cost of the new deal under his theory would amount to GEN ga I 1 hugn HUGH S JOHNSON through a spokesman has flatly denied the story of his dispute with donald and secretary of labor perkins over control of the but well informed persons in washington bo be ineve it is true the president calmed the storm but put oft off the di decision cislon the is being reorganized temporarily to serve until tile the next congress gives it permanent form and for the present johnson retains ills his supremacy to bring about greater efficiency and economy the codes of the are being realigned industry Is divided into 22 classes the initial move toward cutting down the number of codes from to about and grouping them in ten grand divisions mergers are relied on to make the drastic reduction in the number of codes codes with willi similar or related interests axe are grouped together allied businesses will thus receive identical treatment treat treatment meni on common problems officials said the codes also are expected to be easier and cheaper to administer the 22 classifications in turn ore are based on four fundamental groups as follows producing industries rood food textiles leather and fur ferrous metals nonferrous metals nonmetallic non metallic products fuel foe timber lumber and timber chemicals and and drugs paper rubber fabricating industries equipment manufacturing graphic arts construction service S industries public utilities transportation communications amusements finance distributing trades professions and services wholesale and retail codes JOHNSON has repeatedly GENERAL G said that he could not afford to sacrifice his private business earning capacity by remaining at the head of the on a salary of a year intimating that lie he would have to retire from bis big governmental job it la is now revealed that on july I 1 his salary was increased to a year by order of president roosebelt Roos eielt UCH political benefit to the administration M MUCH in the congressional campaign Is expected to accrue from the reciprocal trade tret treaty ity with cuba which has just been announced it Is tho first of tile the projected trade agreements and little criticism of it Is likely to be heard the domestic sugar producers who of course do riot not like the reduction in the duty on cuban prepared fot for tile the action sugar suar su ar vere ere ht by discussions of past months and accordingly had adjusted themselves to the situation the domestic tobacco interests are consoled tor for reductions to in duties by the limitation of imports of cuban tobacco cigars and abe cigar leaf of f all kinds to IS 18 per cent of routs 00 of tobacco used in quantity the I 1 total hl united states during the previous the L for the manufacture of cigars year in duties on fruits ilie reductions edu eions imported from cuba ond cd vegetables apply only to certain seasons and thus thos are not as 88 objectionable to domestic producers as they ml might dit othe otherwise fwise be As against the concesa concessions ong made to cuba which are regarded as so important from the standpoint of that country as to offer great promise of economic recovery there should be rather widespread benefits to agricultural and industrial producers ot of the united states the most valuable concession Is a great reduction in the cuban duty on hog lard BELIEVING Bagri EI IrVING the emergency phase of agricultural cultural adjustment Is about over the AAA officials are simplifying their program for the future tentatively they propose these control plans for 1935 wheat 10 per cent reduction in acreage below that of the base period 1030 32 inclusive desired acreage about desired production to bushels corn possibly a 15 to 20 per cent reduction in acreage instead of 20 to 30 per cent as specified by the 1934 1034 program hogs and other livestock no direct control supply being regulated by adjustment of feed crops cotton 10 to 15 per cent acreage reduction under base period 1028 32 inclusive instead of about 40 per cent desired acreage to desired production to bales ERGUSON ISM in texas was struck a probably fatal blow when james V allred the young attorney general of the state won the democratic nomination for governor in the democratic runoff primary by a ma arity of about votes he defeated tom F hunter who was backed for the nomination by sia ila ferguson the present governor and her husband A james E ferguson v vho aho ho formerly J v allred alfred occupied the office until ousted by the legislature the fer guions have controlled democratic politics in texas for some twenty years but their sanay probably Is now coming to an end mr allred Is only thirty five years old but has come to the top swiftly ills nomination Is equivalent to election SINCLAIR the socialist U UPTON author who turned democrat in order to run tor for the democratic nomination for governor of california succeeded in his bis purpose in the primaries he be ran tar far ahead 0 of george creel who was director of propaganda during the world war justus S warden wardell conservative serva tive and milton K X young the democratic candidate in 1930 sinclair campaigned on a plan to end poverty in california which was set forth in a book he published it calls for the state to take over and operate defunct factories and businesses and farms acquired because of tax tai ta i delin quenches quen cies as a means of placing the unemployed Sin clairs opponent in the election will be frank F merriam the republican acting governor senator hiram W johnson easily won and Is on the republican democratic progressive and commonwealth tickets his only opponent Is george R kirkpatrick socialist south carolina democrats will have to hold a runoff primary to decide between cole L blease former governor and senator and olin D johnston young attorney of spartansburg Spart ansburg for the gubernatorial nomination in a referendum held as a guide tor for the legislature uie the drys were defeated democrats of mississippi also will hold a runoff primary to determine whether former governor theodore 0 or senator hubert D stephens shall represent the state in the senate people the world over rejoiced at the announcement that prince george fourth son of the king was wag engaged to wed the lovely princess marina niece of the late tan king constantine of greece the announcement f from r n rn the palace in london said bald it Is with the greatest pleasure that the king and queen announce the betrothal of 0 their dearly beloved son prince george to princess marina daughter 0 of prince and princess prince george eorge nicolas of greece to which union the king has gladly glen his consent an acquaintance that dated back five years to the young couples first meeting in london ripened into love at the summer home of prince paul of where prince george and princess marina have been ri visiting the princess who was waa educated in athens At liens paris and london speaks fluently french english greek russian and german sho she inherits all the beauty and charm of her ter russian mother and the pleasing personal qualities of lier her father RANCIS J GORMAN head bead ot of the tha astrike strike committee of the united textile workers sent to the sectional leaders the secret instructions for a general walkout walk out in the cotton textile industry on september 4 the order affects approximately cotton mill workers and about more will go on strike then or toon soon alter after in the silk rayon and woolen mills 1 I am fully convinced gorman german toll told reporters that the strike not only will materialize but will be successful the administration however still hoped that the strike could be averted through the efforts of the national labor relations board headed by lloyd garrison the union leaders have made it plain that they expect the strike will be indirectly financed by the government through the relief organizations they admit that their unions have not sufficient funds td carry the workers through the prospective period of at idleness S SENATOR THOMAS D SCHALL of minnesota republican engaged in an acrimonious controversy with president roosevelt concerning the formers assertion that the administration 1 Is seeking to curb the press and the blind senator used language langu aga that was so desro ful to the chief executive that even mr Roosevel ts severest I 1 critics could not approve of it the president had asked clr ir schall for the senator or schall ct c t facts on which hs based his bis ree recent ent assertion that plans are under consideration for a national press service to take the th place of the associated press the hearst news service and the united pre press SS this service mr schall said would have exclusive use ot of all government news and be in a position to give its service only to ta those newspapers loyal to the roosevelt dictatorship once these facts are in my hands said mr roosevelt they will receive immediate attention in order to make impossible the things you say will be done because I 1 am just as much opposed to them as you are the senator immediately sent to the th president and made public a MO word letter in which he said in part you tou ask me for information concerning what you yourself have done are you attempting to secure the facts so that you may be in a position to refute yourself your tour telegram to me bears out oat the tha suggestion of the constant effort to mislead and fool the public your de sire to make yourself appear before the people of the united states as champion of a tree free press may be as ansin cere as your promises to the when you accepted the democrats Democrat ill nomination at chicago with the state ment that you were for their platform per cent to date you have not kept one of the covenants you pledged the he people at that time let me recall your testy anger at your disappointment lo in keeping out of the press code the expression pres slon of a free press schall went on to cite what he h called specific evidence of an intention by the president to force a censorship of the press so that your acts and the acts of your communistic bureaucrats might be hidden from pub lie lic gaze 0 sir mr roosevelt sent the senator an answer sharply rebuking him for bit vituperative letter which gives no do facts and does not answer my simple request in conclusion he said the incident is closed schall retorted in somewhat milder language that he as a representative of the people could not let the affair rest M MORE ORE electricity for more people at lower rates Is the aim of the tha federal power commission lo in a national survey which has just been started according to basil manley vice chairman of the commission the survey will enable that body to compile and submit to the next congress the most comprehensive and authentic exhibit of our power resources and possibilities ever made in this or any other country to obtain the data required the commission has sent a question dalre to every private and municipally owned power plant in the land determining the nations power re quire ments and how they can be most economically and advantageously supplied Is the primary purpose mr manley explained markets must be considered as well as power sites that can be developed at reasonable cost either by governmental enterprise or private capital one purpose Is to establish and maintain that balance between steam and hydroelectric hydro electric power which will give america the most dependable sources of energy at the lowest possible rates ebrite the polish denials that a D DESPITE secret pact has been concluded between germany and poland la alberte Ll berte nationalist newspaper of parts paris charges that such a treaty has been signed and gives its alleged which provide that poland shall relinquish the polish corridor to the retch in exchange for german support of a polish attempt to gain control of lithuania peaceably or otherwise the organ reports in addition live five military and territorial articles and t the be fact that the treaty contains a series of economic agreements the chief of the latter calls for furnishing row raw materials to germany by poland even in time alyne of war in return for german exports to poland I 1 |
