Show news review of current ja I 1 events the world over bankers and president roosevelt roosevel t move toward an accord war clouds still hover over balkans i legion for bonus cash payment by EDWARD W PICKARD 40 by western Nw piper union OUR thousand or so 0 o financiers feathered FOUR gathered in washington for the annual convention of the american bankers Ban kor association and it became apparent at once that they were far from unanimous in their opinions concerning the new deal francis marion law of boguilon Bou Elou ilon texas i retiring president of the association gave care out an in which he be said he be believed that economic recovery had bad arrived at a point where bankers of the united states could honestly advise business men to go into debt again in order to put idle bank reserves to work Fur further therbe be stated that bankers feel that thai the these securities curi curit ties les of the united states government are the best investment on the face of the earth and that there need be no concern oyer over the condition of government credit what made this expression especially noteworthy was the fact that only recently the federal advisory council composed of leading bank ers issued a warning that government credit was being menaced by the unbalanced condition of the federal budget and the dollar then appeared before the banker erx in constitution hall president Roose roosebelt Boo evolt himself and made an appeal for an all alliance fance of all forces intent upon the business of recovery he called on the banks to lend money to finance the new deal daal program government should assert it its leadership in encouraging not only confidence confluence of the people in banks bank but the confidence of the banks in the people he be said in march 1933 1 I asked the pepie people of this country to renew their confidence to in banks they took me sit at my word tonight I 1 ask the bankers banken of this country to renew their confidence in the people of this country I 1 think you will take me at my word he said eald that the administration stood food squarely back of continuance of the profit system and that e emergency ML r activities a would be curtailed as tut fast as ai private business could pick up the load it was noted that the president made no promise to balance the budget or stabilize the currency a alo igo that he did not comment on the proposal to create a central bank his hl talk was heartily applauded but many of his hearers were far from satis ati sned ded before mr roosevelt spoke the bankers were addressed by jackson jackion reynolds Reynol dx president of the pint first national bank of new york and 1 stanch sound money advocate he appealed for operation cooperation co with the Pros president Ident highly praising his af eort forts at rehabilitation and if the government and the banks bankc continue in the role of antagonists it will involve the gravest consequences to our country perhaps ton ten the destruction of many to ln and principles we have hate long hold held dear 1 if on the other hand we abandon our for friendly standing sympathetic coop co op oration era tion I 1 believe we can make a great contribution toward the perpetuation petua tion of our cherished MOM the encouragement of our follow fellow citizens and the gradual and sound rebuilding of the shattered economic and financial structure of our cw country i further oyer overtures tures to the bankers were made by jesse H jones chairman of the reconstruction finance corporation and J F T oconnor comptroller of tho the currency both of them gave assurance that the economic conom lc condition of the country lt sound bound and mr jones urged the bankers to expand their loans to business to all this the bankers responded by unanimously adopting resolutions promising to operate cooperate co with the government but demanding a balanced budget rudolf S hecht of now new orleans was wa elected president of the association oci atlon to succeed mr law W WAR AR clouds over central europe are not dissipated by the partial solution of the plot that resulted in the assassination of king alexander of it la Is established that the murder wax the work of the croatian group of terrorist called the Oua tacha clia and the head of the gang dr anton patella PaTel PaYs lic lc has haj been arrested arrea ted together with his assistant aaa litant eugene dr anton the t three h r e a companions of f the who were captured in france hate confessed that thel trained fer the job in a camp to in hungary ano held hungarian pass porta it Is IB charged in the french press that they or their Oua tacha chief were in secret contact with hungarian or italian officials and it if it can be established that their funds came from such sources most moat serious complications way may result the permanent councils of both the little entente and the balkan entente which include rumania ju ezo czechoslovakia greece and turkey have issued identical muni ques asserting aRs ertIng their solidarity with and laying responsibility lIty for king alexanders assafi striation sl upon terrorists urged on by the foreign policies of nations which were not named but which clearly are indicated to be hungary and italy the gave warnon of a probable war unless international measures are loyally adopted to stop political assassination and conspiracy both the en decided to adopt common measures against nil all political conspirators so tar far hungary Is bearing the brunt of the blame for the marseilles assassination but premier asserts his country Is 18 entirely guiltless of any connection with the foul crime cash payment of the I 1 IMMEDIATE veterans bonus certificates wax was demanded by the american legion in convention contention at miami fla despite the knowledge lal that it Is opposed i by president roosevelt and the belief that he would veto any legislation providing for such pa payment Y the vote was to the legions Leg long ILL new national commander Is frank fra frank belgrano jr of belgra belgrano 0 jr san g francisco nowa now a banker all other candidates withdrew and mr belgrano w was as elected unanimously in his speech of acceptance he said he would conduct his office with vigor and determination and would give it hla his undivided attention our country la Is filled today with too much talk about isms iams he said everywhere we hear about communism socialism fascism hitler lam ism and others too numerous to mention there Is room in this country for only one ism that la Is americanism without equivocation or reservation I 1 say to you that under my administration this american legion la Is a sworn enemy of every other ism that Is a declaration of war the following were elected as national vice commanders daniel J doherty wiburn mass maas harold J warner pendleton ore john kenelly Ko nelly mandan N D milo J warner toledo ohio and quimby melton grimn Griff ln ga rey bev dr park W huntington pastor of st Step stephens bens lutheran luther a n church in wilmington del was chosen unanimously as national chaplain john D crowley of cambridge mass was elected chief du chemin de fer of the 40 and ana 8 1 play organization of the legion and mrs mr A 0 carlson of willmar Wll lmar minn was elected national president of the american legion auxiliary next years convention was wa awarded to st louis ato records all along the th broute BREAKING route M loboi the new streamlined train of the union pacific made an extraordinary run from los angeles to new york in 56 hours 55 0 minutes the best previous time for transcontinental train crossing was waa established in 1906 when the late E 13 harriman then chairman of the union pacific traveled from san francisco to now new york in 71 hours 27 minutes the new tube shaped train also established a worlds speed record of miles alloa an hour as it sped from buffalo to new york the train passed over the 30 mile stretch of straight away between buffalo and batavia on which the empire state express of the new nev york central tr at achieved a speed of miles an hour on may 10 1893 CW W A SCOTT and campbell black of england flying their red comet plane won the great london to melbourne melbourna air derby reducing the record by many hours the second plane to arrive in melbourne was that of K D tier and J J moll of holland they gave the winners a close race though flying a longer route col roscoe turner and clyde americans lost time when they wandered from the course near al la In habad babad india but came in third james ani and amy mollison Moll laon son the famous flying couple from enil enild england d led at the start but were forced to quit in india by damaged motors motor |