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Show News Review of Current Events the World Over Silver Remonetized Ly Order of President Recovery Program Developments Iluey Long's Income Tax Under Investigation. By EDWARD V. PICKARD CII.VKft lins oorne hack. (!y ex- eciilive order of I'reslrlcut Itooscvclt it Is rcrnoiKHl.cii In the ITuiltM States ttml will he coined Senator Pittman on a lnrgo ncale. I''onnally ratifying the London conference confer-ence agreement and exercising the powers pow-ers given him hy the Inflation amendment amend-ment to the farm adjustment net, the President directed all the federal mints to accept for coinage all silver mined hereafter In P.uenos Aires, said: "My mo:;t enduring en-during remembrance of the conference confer-ence will be the beautiful patriotism, patriot-ism, the patience, and the .statesmanship .states-manship of the Uolivlan and Paraguayan Para-guayan delegates in the midt of delicate and anxious protons. "The tasks were unspeakably difficult, but the good will toward peace which both have shown has been superimposed upon differences, differ-ences, and they offered the world an example of how powerfully a will for peace can conquer apparently appar-ently insuperable obstacles." VA.I. Gen. Edward L. King, U. S. A., commander of the Fourth corps area, died suddenly in Atlanta, C'a. lie was a graduate of West Point and served in France during the World war, earning many decorations. lie also fought In Cuba in tJe war with Spain. DRESIDENi BE VALERA'S jrov-' jrov-' eminent in x'he Irish Free State sustained a severe reverse when Justice IJyrne of the Dublin High court released on a writ of habeas corpus Gen. Owen O'Duffy and Capt. John Sullivan, leaders of the Blue Shirt movement. They had been arrested ar-rested at Westport under the public safety act. Justice Byrne, In announcing his decision, said : "I can only come to tho conclusion conclu-sion that O'Duffy was arrested because be-cause he was speaking to some persons per-sons while wearing a blue shirt. That Is the only reasonable Inference Infer-ence to be drawn from the facts. T do not accept the police superiD tendent's story of the arrest on su: piclon as the true explanation of the case. "So far as Sullivan is concerned there Is no evidence why he waB arrested and his detention Is illegal. So far as O'Duffy Is concerned, I am also satisfied his detention 13 unlawful." "We are teaching the government to respect the law," said General O'Duffy, as he left the prison. "The Blue Shirt movement is perfectly lawful and constitutional and will go on to victory. I don't anticipate there will be any more Interference with Blue Shirts after the high court vindication. If there is, we are prepared to meet It. We will carry on until the objects which we established are achieved and until eventually, as I hope and believe, the Irish people entrust us with the government of this country." OHINESE National air forces ' bombed Foochow, Fukien province, prov-ince, where Communists were concentrated, con-centrated, and in the process damaged dam-aged the church and other property of the American board mission. Fifty-eight Chinese were killed but no Americans or other foreigners were Injured. Nationalist gunboats then took possession of the Foochow Foo-chow forts. PECULIARLY atrocious was the murder of Archbishop Leon Tou-rain, Tou-rain, head of the Armenian church In America, as he was attending services in a New York church. He was stabbed to death presumably by members of a group opposed to the Soviet regime in Armenia. The assassins escaped from the church, but a number of suspects have been arrested. yESSE H. JONES, chairman of J the Reconstruction corporation, believes the railroads will need further fur-ther financial assistance from the been cited for prosecution for refusing re-fusing to comply with prescribed minimum prices. The cash-and-carry cleaners contended these prices were so high that their business busi-ness would be ruined. Johnson defended the prices prescribed pre-scribed us "reasonable and fair for the quality of cleaning which the public has the right to expect," but conceded that "there is some demand de-mand for lower quality or so-called scamped work."' "Accordingly," he continued, "cleaners "clean-ers who wish to maintain higher prices and higher standards, may join with the President to continue the minimum prices originally approved ap-proved and such cleaners will be given the right to display the blue eagle with appropriate Insignia yet to be decided on. Indicating they are maintaining higher quality and higher prices." CHAIRMAN FLETCHER and his 1 senate banking subcommittee received a report In which were listed several million dollars In Instill In-still securities and German bonds among 7,000 Items of collateral held by the Reconstruction Finance corporation cor-poration on the famous $90,000,000 loan to Charles G. Dawes' Central Republic Bank and Trust company of Chicago. Members of the committee refused re-fused to make the report public, but said It showed the outstanding balance of the loan ($62,000,000) was covered by the collateral under the corporation's estimate of present pres-ent value. They said the value of all Instill securities held as collateral collat-eral was not totaled, hut one member mem-ber estimated it at from $8,000,000 to $9,000,000. In addition, committee members said, the collateral included several million dollars of foreign securities, among them many German federal and state bonds. The loan was made in 1932 shortly short-ly after General Dawes retired as head of the R. F. C. to take the chairmanship of the bank. It was sharply criticized by members of congress and was made an issue of the Presidential campaign. CENATOR HUEY P. LONG, the Louisiana "kingfish," may be nearing the end of his rope. The latest news about him is that the the united Mates or Its possessions, up to 21,000.000 ounces a year, ut a price of 6-1 cents an ounce. This Is to be in force for four years. The government split the present legal price of $1.29 an ounce for silver In half In reuchlng a purchase pur-chase figure which Is 19 cents on ounce over the present open market. mar-ket. "This proclamation," the President Presi-dent wrote, "in accordance with the act of congress, opens our mints to the coinage of standard silver dollars dol-lars from silver hereafter produced In the United States, or its possessions, posses-sions, subject to the depositors of such silver surrendering to the government gov-ernment one-half of it as seigniorage seignior-age and to cover all usual charges and expenses. The dollar coined from half of such newly mined silver sil-ver will be returned to the depositor. deposit-or. The half surrendered to the government will be retained by the treasury." Mr. Roosevelt, in ratifying the agreement, pointed out that such action hud already been taken by the government of India and that othr nations concerned were ready also to act. Most jubilant of oil public men over the President's action was Senator Key Pittman of Nevada, who, as a delegate to the London conference, took a leading part In drawing up the silver agreement, lie foresees greatly increased export ex-port business as a result of the move because the buying power of the silver-using countries of the Far Kast, especially China and India, is lifted by about 50 per cent. Senator Pittman said the effect of Senator Long administration has decided upon his prosecution on the often heard charges of evasion of income in-come taxes. When Mr. Hoover was President an investigation inves-tigation of his receipts, re-ceipts, as well as those of his political polit-ical associates in Louisiana, was started, and the new order would be to take Into the treasury about 2-1,000,000 ounces of silver, to coin one-half of It and deliver It to the owner or depositor of the silver. The other CO per cent will be retained as bullion in the treasury. It is his expectation that the new order of the White House will give great encouragement to the silver mining regions in the West. T)OTII the federal Surplus' Relief D corporation and the agricultural adjustment administration have been purchasing commodities for the relief of the Idle, and thereby economy and efficiency have suffered. suf-fered. Such purchasing operations have now been consolidated in the Surplus Relief corporation. The administration also was completing com-pleting plans for utilizing the Sur-plui Sur-plui Relief corporation as a device for retiring millions of acres of sub-marginal sub-marginal lands from cultivation. The work is being directed by Bexford G. Tugwell, assistant secretary sec-retary of agriculture, and it is planned to use funds of the public works administration to purchase the economically unproductive areas. ; 1 Jesse H. Jones government during 1934. He said that the government either ei-ther through the corporation or some other agency would have to help refinance refi-nance the security issues that became due during the year. Several railroads rail-roads already have discussed the matter mat-ter with the enr- dropped probably because the Presidential Pres-idential election was near. Now this inquiry has been resumed, the agents of the internal revenue department de-partment seeking to find out whether wheth-er Long reported In his income tax schedules nil the sums he received both as governor of Louisiana and as United States senator. In Washington Wash-ington it is held virtually certain that this action has the approval of President Roosevelt. Iluey himself professes not to be worried. "That matter was scheduled sched-uled to come up now," he said to an Interviewer. "It has been up 750 times before, and always comes just before congress meets. I am not interested." poration, among them the New York Central, which has a maturity of $4S,000,000 due May 1. Wall Street statisticians have estimated es-timated that the larger maturities total about $372,000,000, but smaller maturities probably will add another an-other $100,000,000, and buying of rails and rolling stock might put the railroads' expenditures for the year far higher. Jones mentioned a figure of $2,300,000,000. Most of the roads are asking the corporation to advance half of the maturities, planning to pay a portion por-tion of the bond issues in cash and the remainder with new bonds. tpD HOWE, known as "the sage of Potato Hill," is eighty-one years old, so he Is retiring to enjoy the leisure he always has desired. It was announced at Atchison, Kan., that Howe's Monthly, for 22 years his personal organ of "indignation and information," has discontinued publication. The veteran journalist journal-ist and philosopher Is spending the winter in Miami, Fla. ERANCE'S worst railroad disaster made Christmas a time of mourning mourn-ing Instead of joy there. Two hundred hun-dred and one men, women and children chil-dren perished when the Paris-Strasbourg dyer crashed into the Nancy express at full speed at Pomponne, ! about 15 miles from Paris. The ac- ' cident happened during a dense fog. 1 In the number of dead this disaster disas-ter was second only to one in Gretna Green, Scotland, in 1913, in which 227 persons were killed. , . 1034. Western Newspaper Union. j Long's power In his home state is fast waning. In the first place, he has been unable to obtain any recognition in the matter of federal fed-eral patronage. And the senate committee's investigation of the election of Long's colleague, Senator Sena-tor Overton, uncovered a most unsavory un-savory mess, the odor of which offends of-fends Louisiana folk. Only a few days ago Mayor T. S. Walmsley of New Orleans announced that he had definitely broken with the "kingfish," and others of his prominent prom-inent adherents have followed suit. O EALTY and personal property taxes, for state purposes, have been abolished by the state government govern-ment of Illinois. The step was taken after state officials decided a 2 per cent tax on retail sales, with perhaps some help from liquor taxation, tax-ation, would be adequate to replace the $35,000,000 levied annually In recent years on general property. This action is notable as the first complete substitution of a sales tax for property taxes any state has made. It will result in a saving ranging from 7 to 19 per cent to property owners. Gov. Henry Horner, State Treasurer J. C. Martin Mar-tin and State Auditor- Edward J. Barrett comprise the board that abolished the tax. p:iE Pan-American conference in Montevideo came to a close, and Secretary of State Cordell Hull, as lie departed for home by way of "OFFICIALS of 21 railroad unions met in Chicago and adopted a program of desired legislation that Includes a six-hour working day for the million or more railway workers in the country as a means of Increasing employment. A. F. Whitney, president of the Brotherhood of Railway Trainmen, who acted as chairman at the meeting, meet-ing, estimated that a six-hour day would cost the railroads of the country SSOO.000.000 annually. The railroads themselves have estimated estimat-ed the probable cost at twice that amount, he admitted. A FTER receiving a report from an Investigating committee headed by Robert S. Lynd. the consumers' con-sumers' advisory board of the NRA recommended the establishment of a consumers' standards board that would be charged with the development devel-opment of means of enforcing accurate ac-curate labeling. Among the articles named as needing quality grading are gasoline, razor blades and children's chil-dren's shoes. Legitimate Industry, In the opinion of the board, Is encountering en-countering destructive competition from unethical producers who are reducing the quality of their products prod-ucts to fill the gap in their profits caused by enforcement of NRA wage and employment standards. Administrator Hugh S. Johnson was busy trying to clear up the sit- itlon concerning the cleaners and 'vers. Many in this Industry had |