| Show news review of current events the world over J senate passes patman bonus bill in face of presidential veto amelia earhart slakes makes another fine record flight by EDWARD W PICKARD 0 western newspaper union c t sn the patman inflation BECAUSE nua b bonus 0 bill would be easier for foi the president to veto than the vinson measure some of the adminis t tra r a tion n senators V joined with the pat man followers to 14 put the oriner former bill through the senate ril IN by a vote of 55 to 33 previously for some devious reason the senators put aside the compromise measure offered by pat har committee rep P patman aman with the assurance that mr roosevelt would sign it that the president would veto the bill was taken as a certainty and it was believed the iffla zionists could not gather enough votes to override the veto in the senate though they had enough in the house rather surprisingly senator william wilham G mcadoo of california a former secretary of the treasury advocated the patman bill assert ing in that it was a mere conjecture that the issue of in hearing bearing notes or green backs bachs would be inflationary we have nothing in the united states today but greenbacks green backs he said Is your money redeemable in gold Is it redeemable in silver no it is redeemable in nothing but the lionor and good faith of the american people what constitutes inflation Is a matter of conjecture it Is also a were mere conjecture that we must have a so called specie basis the best proof of that Is that since going off gold the dollar Is as sound as it ever was the issuance of in new lew currency would affect the credit of the united states about as much as it if I 1 threw a of sand into the ocean and tried to stop the incoming tide some friends of the measure after the president Ident indicated he would veto it decided it might be better to amend it than to lose it enU entirely rely they proposed to give ire the president the choice of several ways of paying the bonus certificates ROM mexico city to the metropolitan airport at newark N J nonstop 2100 miles in 14 hours a and n d 22 minutes that Is the new record set up by ll 11 amelia earhart in Z her red monoplane her husband george palmer put namand nam and more than other enthusiastic thusia thus lastic persons were at the airport to welcome her and she was almost mobbed by the throng amelia Amella earhart after her start from mexico city mrs putnam was not heard beard from nor reported teen seen for more than six hours her course took her straight east at first over the mountain peaks between the mexican capital and tam paco she was not seen at the oil ports port nor was she reported by radio observers knew however that she expected to be above feet as site she crossed the shoreline out over the g gulf ulf 0 of f her mile hop over the water to new orleans passing over new orleans she communicated by radio with the department of commerce station there and then flew swiftly along the airways of american air lines and eastern air lines As she swooped over hoover airport washington eugene vidal director of the air commerce bureau radioed you ton have done a splendid job so come down but amelia replied with thanks for the invitation that the was going on through and that Is what she did FOLLOWING a lively debate the house passed the omnibus banking bill which rewrites the federal reserve act so as to make a virtual central bank out of the reserve system with power to manipulate mon detary policies for or the purpose of promoting business stability the final tote after various amendments had been rejected was to jill in the senate the measure will be strongly with senator carter glass leading the opposition glass wrote the banking bill during the wilson administration and he objects to having baving the system tampered with by federal reserve gov GOT marriner S eccles WO billion dollars of the works TWO relief fund were segregated tor for immediate distribution by the works allotment division at its first session the sum eum was divided into works classifications as provided by the works relief act these including road construction grade crossing elimination rural rehabilitation rural electrification tj on lo 10 low w cost housing and general construction allotments lot ments for specific projects were to be made later a list of these contemplating expenditure of being submitted by mr ickes iches as approved by the and referred to framk walkers division of applications and information GEORGE 1 EORGE N PEEK in his capac ity of advisor to the president on foreign trade has just maje pub lie lic statistics that teiji to show the united states Is los ing ng its position as the worlds chief creditor nation and makes recommendations that are in Z accord with the gr growing owing trend against internationalism in the administration and in conflict with secre tary tacit hulls program george N peek of removing barriers to international trade by reciprocal trade agreements stating that whether or not this country still owes less to other nations than they owe to it appears to depend on the true value of defaulted war debts mr peek recommends these immediate steps L 1 the inauguration of a je study of our direct investments abroad and foreigners direct investments in the united states to supplement the studies now in progress of capital movements 2 A review of all national policies based in whole or in part upon our international creditor status the proposal sal seems to lead toward high tariffs and a policy of allocating our foreign trade among other nations as is done by many of the european countries figures compiled by mr peek indicate that the united states state ts is a net international creditor by SIG but this includes 10 principal amount of war debts owed by foreign governments and also foreign bonds bonde held by arl private investors in the united states invoiced at their face value and a pre depression estimate of the value of american branch factories abroad and other direct investments in foreign countries sir mr peels peek strongly infers that a re estimation of these assets will result in such a scaling down that this country will no BO longer be a creditor nation and need not at act as such by his recommendation for a review of all our national policies based in whole or in part on our in ter national credit status mr peek unquestionably means that there will be no further validity to the argument that as a creditor nation we must open our markets to imported goods and that imports need be only sufficient to balance current exports taking into consideration such invisible items of international a trade as shipping services and tourist expenditures IN TN THE crash of a transport plane of transcontinental western air near atlanta mo senator bronson M cutting of new mexico and four other persons fell to their death the pilot was unable to land at kansas city because of a dense tog fog and his fuel gave out before he could reach an emergency landing geld beld at Kirks kirksville ville besides mr cut ting those killed were miss bliss jeanne A ulillah of kansas senator city mrs william cutting kaplan of west ios s angeles and harvey rolton bolton and K H U greeson pilots both of kansas city eight passengers were seriously injured bronson cutting a millionaire of an aristocratic family was a radical republican and was one of the outstanding members of the senate ile be supported mr roosevelt tor for president in 1932 but when ho he came up for reelection election re last tall fall lie he was not dot given the endorsement of tho the administration HERES likely to be another hat THERES tin in the republican presidential ring soon congressman hamilton na mllton fish jr of new york says be may be a candidate for the nomination it if the call cane came on a basis of 0 party fish said he would not listen nor would he listen if it came from the east alone ile he saldie knew the people would want a young man tor for president one who Is liberal and yet reaffirms and defends the constitution a man who has the interest of the farmers and the workers at heart and just about the kind of man mr fish thinks he be Is the congressman Is forty seven years old and like air roosevelt Is a graduate ot of harvard ile he believes the republicans have better than a good chance to win the 1930 1936 election OLD medals of the national lunil in iii GOLD of social science were awarded to four american humanitarians carians io at the instituted Institute a no dinner in new york anti and no one will say they were not deserved one was afis ghen senator carter glass of virginia in recognition of distinguished services rendered to to humanity as one of the hie lender leaders in the planning and creation of the federal reserve banking system ils as secretary of the treasury its as united states senator and as one who through a long life consistently and unsparingly devoted his abilities and energies to public ser service ilce DrI dr harvey larvey cushing of boston received a medal tor for his distinguished ser services vices rendered to humanity as aa a leader in surgery and social medicine dr george E vincent was wag honored tor for services at as professor of sociology as president of 0 the university ot of minnesota as president of the rockefeller foundation as president of the chautauqua institution as one of the leaders in the development of community chests in the united states and as an educator whose life and addresses have been an inspiration toward unselfish public service to cornelius N bliss former president of the institute was presented a medal for his work as aa a director of the juillard Jull lard school of music as a director of the metro politan opera association inc as a member of the central committee of the american red cross as a governor of the new york hospital as a director of the milbank memorial fund as a trustee of the metropolitan ro museum of art an and d as a member of the board of managers of the association for improving the condition of the poor this comes as a pleasing interlude in the midst of political aqua squa squabbles b international bicke rings business neis troubles crimes and disasters A ALL LL the vast british empire celebrated the silver jubilee of king george V and queen mary the twenty fifth anniversary of their accession and f for 0 r t three it r c e months there nili be a continuous se N rles ries of fetes in the united kingdom and all the domin ea ions and dependencies london of course was the scene of the chief celebration on the opening day and king 3 the metropolis was george thronged thron ged ed with vs visitors hotels and rooming houses were overcrowded and the king or nr dered that hyde park be kept hept open so some of the oNer overflow low flow thousands could sleep there there were seven state groces alons the first day the first was that of the speaker of the of commons capt edward A rItz roy with five ancient ent gilded coaches the second thai tha of minister ramsay Mac macoonald Donnld nith six coaches in which rode the lie in do minion prime ministers then came a two coach procession of lord illah chancellor sankey and one of the lord mayor of london sir stephen the fifth procession n astha of the duke of york from bucking ham palace two carriages will a captains escort of the m magnificently appareled royal horse guards ie had with him in addition to the duchess and their children princesses elizabeth and margaret rose lose the duke and duchess of kent the prince of wales as heir to the throne came sixth ue he had with him a captains escort of the life guards and two cari carriages lages in the first of which he rode with queen maud aland of norway and his brother the duke duhe of gloucester like ille him a bachelor finally in the most gorgeous parade of all came george and mary and as their ornate coach drawn by the famous grays passed the voices of all loyal Britis hers bers rose in a roar of god bless the ling king and queen the rulers accompanied by all the other notables went vent to st pauls cathedral to give public thanks to god A arx A F F DIMING a decision of tile the sit preme court of the district of columbia the united states supreme c court C urt held unconstitutional the railroad retirement act ruling that many of its provisions are in valid the act provided for a tern tem of old age pensions for all rail road workers the decision was read by justice owen J roberts tt it condemned many provisions of the law as aa arbitrary placing an undue burden on the railroads and having no relation to safety and ef fi clency cleney in the operation of the rail ways the act was passed by tile the seven ty fourth congress just before it closed and hat had tile the tacit approval of the new administration although president roosevelt said he believed it would have to be perfected perfect el by bi amendment it set up a compulsory pension plan I 1 TN N THE name lame of knights 1 ot of columbus martin U H carmody supreme knight of the order has sent to president roosevelt a letter urging american diplomatic intervention on behalf of catholics in mexico the matter has been up in congress at various times but quite I 1 naturally the administration Is hesitant about interfering in what alist mexico I 1 considers a domestic affair d |
