Show news review of current events the world over bloody riots in paris drive out deladier Da ladier an and d dommergue Doumer gue becomes premier devaluation of dollar brings flood of gold by EDWARD W PICKARD F RANCE CRANCE seemingly narrowly es 1 a civil war following two days of bloody rioting in parts paris and other cities premier deladier Da ladier ladler and his C cabinet a b I 1 D e t capitulated and the reins of government were put in the hands bands of gaston dommergue Doumer gue the sev enty one year old former president who was in retirement on his country estate ills reappearance on the political stage was in response to the c t pleadings of president gaston lebrun and many oth Doumer guo er pg patriots were g convinced that he alone could restore the country to quiet it was conditioned on pledges that both chambers of parliament would support him unreservedly and that the president would give him an exec uthe order dissolving the parliament and calling new elections to be used it if he considered it necessary so the iron man of france as he has been dubbed returned to paris with plans tor for a small cabinet made up of former premiers and party leaders and with power to make himself the virtual dictator of the country war veterans monarchists communists and other elements joined in the dolent demonstrations that forced out the deladier Da ladier regime all joined in opposition to the government though no one of the groups was in accord with any others in other respects the were furious and fought desperately with the pollee police and the troops that deladier Da ladier had brought into the capital the rioters operating mainly in the place de la concorde concord and the region about the palais bourbon where the chamber of deputies sits were raked railed by machine gun fire ly by mounted troops and clubbed and shot by the infantry nf antry and pollee police cut but they returned return cu to the fray time after time and would not ce cease ase the struggle until deladier Da ladier resigned the number of dead was estimated at fifty and more inore than a thousand persons were wounded after the battles were over the boulevards in the center of paris presented a scene of desolation an and destruction unequaled there since days of the commune in nationalist elements resented especially the removal by deladier Da ladier ladler of jean as prefect of police feeling that he was being made a scapegoat in the cayenne bayonne bond scandal the communists and socialists accused chiappe of fomenting the rioting but the right elements said the leftists were determined to get the corsican out of the way because they knew he be would block the proletarian coup they were planning the royalists were in the mix up hopeful as always that they mi might bt be able to restore the monarchy and put on the throne the due de guise head of the bourbon house of orleans who lives in exile in brussels Pr naturally the pretender shares in that hope but he was quoted as deploring the bloodshed evaluation of the dollar dolIar and the at 35 a fine ounce caused a turmoil in the worlds money markets and an immediate result was a great flow of gold bullion from europe to the united states the pound sl sterling erling and the franc made gains but not big enough to suit president roosevelt and his monetary advisers later both the pound and franc declined again and the confusion was made prof warren greater the french aers alarmed by the drain on their gold and expressed intense resent resentment meEt against the american policy charging that the administration was making deliberate efforts to embarrass france for the time being the administration was preen presented ted from driving the dollar down to its projected parity points in foreign exchanges by the rising tide of american dollars flowing back to this country hut but most of its financial experts were confident that the cents value would be made to prevail after a reasonable time to allow fur for the shakedown As for tire the 9 5 an ounce for gold it Is the opinion of prof arof george F P warren chief deviser of the experiment that Is under way that the figure must be raised it 1 prices of commodities are to be put up materially frank E gannett the rochester newspaper publisher after a visit to the white house and talking with both bogli the hie president and professor warren said bald in his rochester times union that he had bad been convinced by those conver nations that we shall continue to raise thi the price of gold and that the 35 figure probably would succeed only in ID pre lenting prices from slipping bythe ry the presidents devaluation stroke a treasury deficit of was transformed overnight into a surplus of I 1 IT T WAS authoritatively stated in washington tant the president be cleves that excessive interest rates on all classes of debts should bo be reduced as an important step toward reduction of the debt structure nis 1119 viewpoint applies to foreign debts owed to united states citizens to private debts and to those of industry tie he was said sa id to be of the opinion that reduction of interest would make payment more probable and that fixed charges also could be cut down bills before the senate which have house approval already would enable corporations and municipalities or other political subdivisions of states to scale down the principal and interest of their debts through an agreement with the majority of their creditors legislation Is already in effect which enables the individual to rearrange his debt and interest rates through a pact with the majority of those he be owes and to give similar help to railroads there have been complaints that ti these iese laws have not been particularly effective and that they need strengthening the president in letting it be known that he thought the debtor was paying too much on obligations contracted in better times did not say what he believed was a fair rate nor did he specify particular charges that he regarded as too high cinto RA and the steel industry came into sharp conflict and the to a certain extent backed down executives of all the leading steel companies met and considered the claim of the national labor board to authority given by the president to conduct elections for employee represent representatives at ives when a substantial number request that action to this the steel men took exception they issued a gen johnson anso statement saying saving tho the industry intends to resist all attacks upon company unions and that it holds that the present plan of employee representation resent resen tation atlon coe complies plies with the the statement however declared the steel industry is operating cooperating co wholeheartedly with the president la in his efforts for national recovery and subscribes fully to the principle of collective bargaining as provided in section 7 a of the national recovery act the had given out a press statement imp ing that all company unions are dominated by employers this drew sharp criticism and the statement was retracted administrator johnson and counsel donald chberg Rl upheld the right of the labor board as stated above they asserted box however Never that the executive order which said that representatives elected by a majority of workers have been thereby designated to represent all the employees does not abridge the rights of labor minorities to conduct negotiations with employers AMUEL INSULL who was due to S SAMUEL be ousted from greece on february I 1 1 was permitted to remain for a time because of III health but the government at athens then informed him unofficially that he must leave before february 13 two physicians having reported he was able to travel with out danger to his life tire the fugitive immediately began packing up but at this writing it was not known where he would go in his effort to avoid ex ou TWENTY WENTY TWO days after he was edward G bremer banker of st paul alinn was set free in rochester minn and made his way home borne nervous and with wounds on his head inflicted when he was snatched but kotlier otherwise ise unharmed ills father adolt adolf bremer wealthy brewer had paid the demanded by the kidnapers in 10 rind and 5 bills bill through an intermediary during his captivity bree brec 0 br bremer emer mer was gg kept in a dark room and under constant guard state and federal law enforce enforcement agencies were conducting an intensive hunt for the abductors of bremer who probably numbered ten or more it was believed the victim was held in either cither sioux city or kansas city verne notorious kidnaper who was captured recently in chicago Clil cago and taken to sioux falls S D for safe keeping until hla his trial in a federal court committed suicide in his cell by hanging banging using a loop made of neckties ile he had admitted the abduction of 0 charles boettcher of denver and haskell askell II bolin bohn of st roul poul P PRESIDENT resident IDENT ROOSEVELT called congressional leaders into conference and with them formulated bills designed to bring the stock markets of the country under federal control the measures were ere then introduced in both house and senate they deal with short selling marginal trading specialists pool operations and manipulation by the president a federal berand grand jury investigation was going on in washington that promised to uncover a scandal in the war department two lawyers prominently connected in the past with the american legion were said to be involved it was asserted that automobile manufacturers had been asked ached for a fee 0 of in return for war department contracts tor for trucks running into millions the house bouse naval committee made an inquiry into airplane and engine contracts that it was predicted would lead to changes in the navy departments system of audits ILLIAM P MCI tACKEN who awas WILLIAM was assistant secretary of commerce for aeronautics in the hoover administration and three air line officials got into a jam 1 with the senate committee that Is investigating air mall mail contracts all four of 0 them were cited to appear before the senate sei aate to show cause why they should not be punished for contempt mccracken practices law in washington the others are L n H W P brittin Britt ln vice president r mcc acken of northwest air A I 1 r ways harris II al hanshue Uan shue president of western air express and gilbert givvin Hans hues secretary mccracken has been under technical arrest but this was vacated chairman clacks blacks report to the senate showed that fiat brittin admitted that he had removed from mccrackens office and destroyed subpoenaed correspondence spon dence and also that ga on order from hanaghue Han ghue had r removed ted confidential papers since recovered reco ered by the committee senator black also told the senate that testimony before the committee showed post office contracts had been awarded collusively and fraudulently and that former postmaster general brown and mccracken participated in a secret meeting g held in a room adjacent to browns post office department office at which the country was divided into certain mail routes and contracts were distributed among particular operating companies TN N A unanimous opinion the supreme 1 court of the united states held that all persons accused of violating the late national prohibition laws and whose cases had not been finally adjudicated judica ted by december 5 last when the eighteenth amendment was repealed should be set free the opinion held that repeal canceled the of prosecution according to the department of justice there were prohibition cases with about defendants pending in federal courts TU little debate the senate wa passed the bill introduced by senator hiram johnson of california which Is designed to prevent the floating t in america of private loans to countries i now defaulting on past debts before passing it the senators amended tho the measure so that it would not hamper the presidents new scheme to grant to RL foreign nations loans ans with which ilitch to buy american goods A sen hiram proviso was written in i i johnson declaring that loans to foreign defaulters default ers could still be made by government owned corporations As it now cow stands however the bill puts in the hands or of the administration its most powerful weapon for forcing payment of defaulted war debts no defaulting nation may float any private loan in this country and any american aiding in the illegal notation flotation of a private loan to a defaulter would be liable to five years in jail and in fines according to chairman jesse jones of the the presidents plan calls for the creation of a trading bank which will partially underwrite extension of credits to foreign purchasers of american goods the bank would be entirely owned by the government so the arrangement would actually be a partial government guarantee of payment to the american producer the bank would be a division of the one representative voted toted ONLY 0 no when the house of representatives senta sent tives athes passed on the bill to appropriate prop pro printe for continuation of and direct relief activities the lone opponent was representative Ke george II 11 terrill of texas democrat the money Is to be used by the federal emergency relief administration for keeping up the federal dolo dole to the idle for another year and for continuing the civil works administration until the early part of may about millions Is to be used for the former purpose it was said and about tor for the L A MILLS who whether or 0 OGDEN not you like him Is one of the most forceful leaders of the republican party has often been spoken of as a possible or even probable candidate for the G 0 P presidential nomination in 1930 1030 but the new yorker has now removed himself from that category while in california Calif orril a to see ECO herbert hoover and others mr mills told the press 1 I most certainly have no intention of becoming a candidate nor will I 1 mix in local or factional politics a by western newspaper union |