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Show News Review of Current Events the World Over International Tariff Truce Seems Assured Progress Toward War Debt Settlement Senate Passes Bill for Control of Securities. By EDWARD W. PICKARD cla! peper, government, state, and municipal bunds, s..-curU;es of railroads rail-roads and other utilities subject to federal regulation, national bank securities, se-curities, and securities issued by educational ed-ucational and benevolent organizations. organiza-tions. WAR against Bolivia In the Gran Chaco dispute was formally declared by President Eusebio Ayala of Paraguay, the peace negotiations negotia-tions conducted by neutral South American nations having failed. The warfare has been going on unofficially unoffi-cially since June, VJ?,2. Neither nation na-tion shows any signs of yielding. The Paraguayans hailed their President's Pres-ident's action with Joy, and the Bolivians Bo-livians said they were ready to fight. SUMNER WELLES, the capable new American ambassador to Cuba, was received at the dock In Havana by a few officials and about ONE of the busiest men In the world these (lays Is Norman II. iJavIs, American ambassador -at-large In Europe, and It would ap- is 3 Iiear that he Is doing do-ing his multlfarl-ous multlfarl-ous Jobs very well. It was up to him to persuade the British government to accept the proposal pro-posal of President Roosevelt that there be an International Inter-national tariff truce pending the outcome out-come of the world economic confer- i IT' ' i 100 other persons who were permitted permit-ted to pass through the strong guards established by the government to prevent pre-vent a demonstration. demonstra-tion. Along the sea wall drive on his way to his hotel he was cheered by thousaDds who hope he can help In restoring pros- N. H. Davis Sumner Welles other nations to the present German Ger-man level than by Germany's rearming re-arming to their level. TPIIE Wheeler resolution, urging American delegates to the world economic conference to work for an agreement to remonetlze silver sil-ver at 10 to 1 with gold, was approved ap-proved by the senate. The resolution merely calls on the delegates to "work unceasingly for an International Interna-tional agreement to remonetlze silver sil-ver on a basis of a definite fixed ratio of not to exceed sixteen fine ounces of silver to one fine ounce of gold." TPIIE International wheat confer-ence confer-ence opened In Geneva and the American delegation was on hand, Its members Including Henry Mor-genthau, Mor-genthau, Sr. ; George C. Haas, member mem-ber of the federal farm board, and Frederick E. Murphy, publisher of the Minneapolis Tribune. npIIE Simpson price-fixing amend-ment amend-ment to the farm bill was rejected re-jected by the house by a decisive vote 2S3 to 109 because Chairman Chair-man Jones of the agriculture committee com-mittee declared the President was opposed to it and Majority Leader Byrns urged the house to stand behind be-hind the administration. The senate agreed to the report on the measure by the conference committee after vain protest by advocates ad-vocates of the price fixing amendment. amend-ment. It also yielded to the house by agreeing to broaden the power of the secretary of agriculture to Initiate Ini-tiate and approve agreements for marketing farm products, without regard to the anti-trust laws, and to license the handlers of agricultural agricul-tural commodities. Under the bill as finally passed the secretary may Include under these provisions not only the seven basic commodities commodi-ties embraced by the benefit and production control portions of the bill but all agricultural products processed and marketed In this country. DRESIDENT ROOSEVELT con- tinned his economic conversations conversa-tions with foreign statesmen, and the most colorful of his visitors perity and peace in the island republic. re-public. In a statement handed to local newspaper men the ambassador ambassa-dor referred to the historic bonds between the United States and Cuba. "I will give my most earnest consideration con-sideration to the fundamental prob-blem prob-blem of regenerating .the healthy flow of trade between us," he said. "I hold the sincere conviction that It Is to the prime Interest of Cuba, as well as to the interest of the citizens of the United States, that there be considered at an appropriate appro-priate moment the bases for an agreement which will stimulate the advantageous Interchange of commodities com-modities to an equal extent between be-tween both countries." Concerning the Cuban political situation, Mr. Welles said: "The government of the United States reiterates the (Elihu) Root interpretation given to the Piatt amendment in 1901 ; that is, that the Piatt amendment Is not synonymous synon-ymous with intermeddling in the domestic affairs of Cuba." REPORTS from Washington that President Roosevelt planned to provide emergency relief to avert a food shortage in cities were ignored ig-nored by the National Farmer's Holiday association at Des Moines, and an appeal was Issued by It to every planter and cattleman in the country to join In the farm strike. Milo Reno, president of the association, asso-ciation, said that when the house of representatives killed the Simpson Simp-son amendment to the farm relief bill, which would have guaranteed production costs, all hopes of cancelling can-celling the strike were shattered. The other four points of the association's as-sociation's demands are: Settlement Settle-ment of mortgages on a low-interest, long-term basis, lower property taxes, free silver and payment of the soldier bonus. Meeting in Montevideo, Minn., members of the Minnesota Farm Holiday association voted to join in the strike. They also demanded demand-ed that the President remove Secretary Sec-retary of Agriculture Wallace from office because he opposed the Simpson Simp-son amendment. The 4,000 delegates dele-gates decided they would not pay interest, taxes or other debts until the dollar became an "honest measure of value." The association associa-tion demanded federal operation of banks and other credit agencies and a national Presidential moratorium mora-torium on farm, city home and personal per-sonal property foreclosures, and other oth-er relief measures. R. L. Rickard, president of the Oklahoma Holiday association, predicted that 90 per cent of the farmers of Oklahoma would withhold their products from market. HARVARD adds itself to the list of universities, with young presidents, the corporation having selected James Bryant Conant, for- I J was T. V. Soong, the youthful appearing ap-pearing minister of finance of China, who was presented by Minister Alfred Sze. Doctor Soong naturally was especially espe-cially interested in what stand the President might take In the Sino-Japanese Sino-Japanese quarrel, and he stated in de- T. V. Soong erico In London. This he accomplished, accom-plished, according to an announcement announce-ment by Prime Minister MacDon-ald MacDon-ald In the house of commons, although al-though Great Britain made Important Impor-tant reservations providing that the trade pacts now being negotiated by Britain should not be affected. Tho text of the agreement between Ituvls and MacDonald was cabled to Washington for the final approval ap-proval of the American government, which was promptly given. France, Italy and Belgium have accepted the tariff truce, the two former stipulating that It be based on tho present dollar valuation and that a superduty can be imposed If the dollar depreciates further. Favorable Fa-vorable responses were expected In Washington from Japan, Germany, Holland and China. PRIME MINISTER MAC DONALD In his speech to parliament also took up the subject of war debts and world disarmament, throwing considerable light on the negotiations negotia-tions between his government and President Roosevelt. Ho declared that the world economic eco-nomic conference cannot be fully successful unless the war debt difficulties dif-ficulties hnve been removed before it comes to an end. He snid that on this "there is complete union of opinion." The premier asked parliament par-liament to hush up discussion of this question and not ask embarrassing embar-rassing questions concerning his negotiations with the United States. He said that If the world disarmament disar-mament conference was to come to anything like a satisfactory conclusion, con-clusion, the United States would have to take part In a consultative pact, "the effect of which would be to Increase the security of European Euro-pean nations and the safety of threatened nations against war." The United States, he said, had so agreed and an announcement would soon be made in Washington to that effect. President Roosevelt presumably agrees with MacDonald concerning the necessity of settling the war debts. He sent to congress a message mes-sage asking that he be given authority au-thority to deal with the other nations na-tions In settling the "debt Issue, at least temporarily. Secretary of State Hull admitted that the debt matter would be taken up concurrently concur-rently with the issues before the economic conference, but both he and MacDonald Insisted It would not form part of the conference discussion. MacDonald said the June 15 due date on debts was "an awkward hurdle" and asked parliament parlia-ment not to make it harder to surmount sur-mount by premature debate. France hopes for a moratorium or its equivalent on the payment it owes June 15, and the cabinet con-flrmed con-flrmed Its decision pot to pay the nineteen million odd defaulted In December unless it Is granted, rejecting re-jecting Herriot's proposal that the debt interest due be paid immediately. imme-diately. In Washington It was said the administration felt strongly that no consideration should be given France on the June 15 payment pay-ment unless she first paid up the sum that was due in December. In his message to congress President Presi-dent Roosevelt also asked for a grant of blanket power to negotiate tariff revisions so he can carry out his program for stimulating world trade by breaking down high tariff barriers. TURNING back to the matter of world disarmament, we again find Norman Dav's active. He had a long talk in London with Dr. Alfred Al-fred Rosenberg, who is Chancellor Hitler's chief adviser In foreign affairs, af-fairs, and is said to have told him flatly that the United States is utterly ut-terly opposed to any Increase In armaments by anyone, and that America regards Germany's present pres-ent policy of demanding a larger army as an obstacle to the success of the disarmament conference. He let the German know that the United States government thinks Germany is tending to become a disturber of European peace. Rosenberg in return, it is said, disclaimed any intention on Germany's Ger-many's part to disturb peace, but reiterated Germany's claim to equality of armaments, preferably to be obtained by disarmament of tail the position of China. No information in-formation was given out indicating Mr. Roosevelt's intentions in the matter, but press dispatches from Washington were received in Peip-Ing Peip-Ing quoting Soong as saying he had been assured of American intervention interven-tion in China if Japanese troops captured cap-tured Peiping. These dispatches probably were misleading if not entirely en-tirely false. Visirount Kikujiro Ishii is on his way from Japan to Washington, and when he meets the President he, too, will be concerned mainly with the American attitude toward the Far East embroglio. He is prepared to defend the Japanese conquest of Manchuria and will urge American recognition of the puppet state of Manchukuo. One of his important tasks will be to learn how far the Idea of a consultative pact to implement im-plement the Kellogg-Briand anti-war treaty has developed. As was said above, Mr. MacDonald told parliament parlia-ment that the United States had agreed to take part in such a pact. Others who consulted with Mr. Roosevelt were Dr. Hjalmar Schacht, president of the Reichs-bank, Reichs-bank, who brought up the question of German equality at arms and boundary revisions; and Albert J. Pani, finance minister of Mexico. A v ty years old, to succeed A. Lawrence Law-rence Lowell. He Is Sheldon Emery professor of organic organ-ic chemistry In the university and is widely known among scientists for his research work in special fields. Born at Dorchester, Dorches-ter, Mass., March 26, 1S03, the son of Dr. J. B. Conant (" OING ahead with the President's program for federal regulating of most things, the senate has passed the administration bill for the control of securities sold in interstate in-terstate commerce. Differences between be-tween the senate measure and that already put through the house were mostly slight and easily compromised. compro-mised. The former, however, contained con-tained an amendment offered by Senator Hiram Johnson of California Cali-fornia setting up federal machinery to aid holders of foreign bonds that are in default. Under the bill, the federal trade commission will become the governing govern-ing body of the securities trade. Persons Per-sons or corporations about to sell securities in interstate commerce and agents of foreign governments about to sell foreign securities must register each issue with the commission, commis-sion, together with detailed information informa-tion concerning the issue. Large groups of securities are exempt, ex-empt, such as short term commer- James Scott Conant and Jennett Bryant Conant, he entered Harvard Har-vard college in 1910, after preparing prepar-ing at the Roxbury Latin school. Completing his college ' work in 1913, after three years in which he attained high honors, Conant was graduated with the degree of A. B. His degree of Ph. D. was conferred con-ferred in 1016 and the next year he received an appointment as instructor in-structor at Harvard. After serving during the war with the bureaus of chemistry and mines, he returned to Harvard in 1919 as assistant professor of chemistry. chem-istry. In 1925 he became an associate asso-ciate professor and two years later a full professor. His present position posi-tion of Sheldon Emery professor dates from 1929. . 19SJ. Western Newspaper Union, |
