| Show news review of current events the world over great britain forced to abandon the gold standard steel cuts wages presidents appeal to the flie legion by EDWARD V W PICKARD gweek REAT BRITAIN started off the ateek with a bans bang that could be henr beard around the world the national government finding the gold reserves of tho the bank of england were reduced to the danger point the money borrowed from america and france exhausted and the withdrawals of foreign balances from the country continuing in g adopted the evidently wise course of abandoning the gold r standard tan dard at least chancellor temporarily the situ antior had become so snowden critical that this had to be done in the words of the official announcement this decision will ill of course not affect obligations of his maje government go eminent or of 0 the bank of england angland which are pa payable able in foreign currencies on monday the governments bill was ru rushed s hed through both houses ot of parliament parl am ent and unproved approved by the king and the gold standard act was mius suspended Bus for or six sit months whether the nation will go back to that standard depends on the course of events though the governments decision was not announced until sunday night it was reached several days earlier and ad the rulers of america and france were nere warned la in the stock exchanges of both countries a check was put on short selling belling so BO the evil effects were minimized and the bears held under curb or of course the pound sterling dropped to low figures but there was a decided recovery within a few ew hours the london stock exchange and some continental houses ft were ere closed temporarily pora rily chancellor snowden always courageous in difficulties presented the case to the house of commons when the bill was fins up for passage and to the crowded benches and galleries he had no apologies to make lie ile cited the chief reasons for the action as f follows 0 the tying up of british funds in germany with its immediate effect on the london market criticism abroad concerning the british governments expenditure in keeping the unemployed on the dole the adverse balance of trade which he be said has been seized upon and exaggerated the new governments inability to command a united front tn in the house bouse of commons the naval unrest exploited in foreign newspapers causing general nervousness abroad mr snowden explained that as a result of all this people began to take their possessions away from england but b ut added that the actual crisis started last tiny with will the collapse of the chief banks in australia J P morgan who was in london gave ave one of his exceedingly rare interviews ter views to the press this stop step seems to me he said to be the second necessary stage in the work of the national government the first being tile the balancing of the budget the completion of the governments ern ments work will be the restoration of trade in this country this being the case it seems to me to be a hopeful and not a discouraging vent event and one which brings the great work e of the government much nearer dearer to accomplishment JAPANS action in seizing mukden and other south manchurian Manc hurlan cities was causing a lot of cf trouble not only for china but also for the japanese government the og ag grosche course it appears was taken by the war office without awaiting the approval of the lie covern ment at tokyo and the cabinet was badly split ablit war minister aggravated this rupture by a sending e n d I 1 n g reinforcements to Man manchuria churla from the corean gar lehara elsons on his own ani olathe foreign minister kijuro Sh Idehara was ft as especially rolled tor for he hoped to settle the quarrel with china by peaceful negotiations and apparently premier was of the same name mind on demand of alfred sze chinese delegate to the league of nations Nat tons a special meeting of the league council was called to hear bear rankings Nan Nanh kings ings protest against the action of japan and a mild resolution was adopted mr air sze charged that japanese troops without provocation opened rifle and artillery fire upon chinese soldiers at mukden bombarded the arsenal and barracks set fire to the ammunition depot and dl disarmed chinese troops in other cities lie ile asked that the league act to prevent further development develop me t of the situation and determine the amounts and character of reparations due china Jo pariese spokesman announced to the tha council that japan would respect in every my the stipulations of the league covenant and of the kellogg pact in her policy toward manchuria T V soong soon chinese minister of 0 finance proposed a sino japanese commission to fry ry to solve the manchuria churia problem and this suited tokyo but it was reject rejected id flatly by president chiang kat kai sueh shek in a message to the chinese people declared that it if the league of nations and the kellogg pact signatories signa tories fall to uphold justice between china and japan the national government Is prepared for a final and supreme struggle I 1 shall lead the army and the entire nation in the fight for the preservation of our race I 1 shall go to the front and if necessary fall with other patriots the canton rebel government ceased its hostile campaign against the nationalist regime in order that all china might unite to combat japan soviet russia took n hand in the melee making formal protest to japan against the batters lat course in taking steps in Man manchuria churla without first notifying moscow russia says saya her interests in Man manchuria churla are as large as an those of japan the tone of the moscow press was warlike on wednesday secretary of state stimson sent notes to both japan and china urging them to cease hostilities and the lea league ue of nations council cabled to tokyo asking japan to permit a neutral commission to investigate the situation PRE president HOOVER deciding 1 suddenly to appear before the convention of the american legion went to detroit monday and delivered a address to some soma legion narres end and their families he was nag warmly received and listened to with respect and it was as evident that his main purpose the heading off of demands by the for additional bonus loans at this time had been president accomplished hoover mr r hoover made his message 01 brief and lie dealt with ho no other subject thim than that which tools took him there in effect the president denti made a request that the legionnaires should not press for additional loans under the veterans adjusted compensation act there had been a concerted movement within the legion to have this convention pass a resolution demanding that veterans be permitted to borrow the full amount of their adjusted compensation certificates instead of only half as at present but the president shrewdly avoided making a direct plea ile he said it was not fitting that the president of the united states should plead with them in a test of patriotism ile he was pointing out the path of service sen ice in this nation mr air hoover said and he left the choice with the legion the president outlined the financial plight of the country and said lie he was ft as convinced that eliat the legion would seek to add no DO further burden the president finished and had left the alie hall with ft ath tries cries of we ve want ft ant beer I 1 ringing behind him h he e was wai driven directly ha ancl ell to his sp special e train left at once for washington after a warm debate tile the legion adopted a resolution condemning the eighteenth amendment gild and calling on congress to hold a nationwide nation wide referendum on the repeal or of the dry laws the convention alsi als voted not to press for full payment ent of compensation at this time henry L Ste stevem veng jr of warsaw N 0 was elected national com mantler of the united states D steel corp ration the bethlehem steel corporation end and the Young stoin stow n sheet and tube company announced that wage rates of their employees would be reduced about 10 per cent effective october 1 at the same time the general motors corporation announced a readjustment of salaries the cuts ranging from 10 to 20 per cent and the united states rubber company gave out word tint that its entire organization would go on a live five day week without change in the hourly scale of wages but involving a reduction of one eleventh in salaries these readjustments by huge corporations were ft ere not unexpected but were greatly regretted by the hie hoover ad minest ration the wage cuts were bitterly resented by organized labor whose feared they would lead to reductions lons nil all along the line As a matter of fact several other ethl r big concerns did put in effect similar tilts LANS tor for a general armaments P PLANS construction holiday go on apace the league of nations armaments committee invited the united unite states to participate in its discussions of ehlt s subject in a consultative capacity ity and uncle sam gladly accepted then secretary of state announced that hueh it wilson amer lean can minister to switzerland had been instructed to inform the committee that the united states is favorably inclined toward the idea of an international building hol holiday iday for or land air and naval armaments armament ur air wilson will report to Washing washington tod on any plan ot of action advanced and will then receive further instructions from the a administration another hopeful sign Is th jacl that premier level laval of prance france has accepted an invitation from president hoover to visit washington it la Is expected he be will come some time in october chairman of 0 the executive committee of the democratic national committee Is one of those who believe it Is not always wise to let sleeping dogs does lie ile nc he knows his bis party Is bound to come up against the prohibition question before or during the next nest national convention and he consequently lias has stirred up the animals by publishing lishing some platform suggestions suggestion iel in the organ of the W comans womans 0 in a n I 1 a national jouett democratic club shouse in general mr shouse stands on the liquor question with the smith raskob faction of the party lie ile favors the submission to tile the states of a substitute tor the eighteenth amendment whereby wet states could restore the manufacture and sale of liquor while dry states could remain dry pending such action he would have light wines and beer legalized by congress as in fact nis ills suggested plank on agriculture calls tor for the repeat repeal of the federal farm board legislation which he ha terms a costly failure and he advocates something in the lindlof line of a surplus control device employing the tb equalization fee as i a means of aisuss ing the farmers instead of the taxpayers generally tor for the cost cast of stabilization liza tion the discussion which sir mr Sho uses article already has aroused to Is welcome to national chairman raskob who Is openly seeking to crystallize party views on the major issues ESPITE the presidents determination dation to keep down governmental expenditures it is revealed now that the budget estimates for the 1033 fiscal year which have just been submitted to him call for expenditures that would break all records since the days of the world war atar it was stated authoritatively that the estl esti mates top the estimated 1032 expenditures by almost a quarter of a billion dollars mr hoover tl it was said was having a hard time deciding just where to use the pruning knife but it seemed certain that he would use it effectively for he ha be virtually pledged pledge himself to hold aown the cost of government in 1933 for six days and nights F FLOATING on their fallen plane south of the newfoundland coast willy rody body christian and fernando fernanda costa alega were nere picked up by the norwegian motor ship Belm olra they started from portugal on a flight bight to new york and had not been heard from since september 14 indeed they had been given up for dead when the glad news of their rescue came by radio colonel and mrs lindbergh flew flevy to from japan and promptly put their plane and themselves at the service of the government to help in flood relief they went out several times over the flooded region and andoe obtained photographs and data of 0 value to the relief agencies ASHINGTON officialdom was wag washington surprised and scarcely pleased to learn that senor don manuel ambassador from mexico and for to ho years dean of 13 the diplomatic corps had been recalled to matico city alt where X it was said he would be I 1 given fl a post ln in P the foreign office or j possible sent to some european nur capital lie Is to be succeeded by dr pull Casau casaurang ranc senor has bai been regarded by his bla colleagues in the dip manuel corps as sue one in conducting diplomatic represent tit ions b before e fore this government ile he came to washington in loio 1920 lo io as first secretary seen enry shortly afterward became charge daf daff faires alres upon the departure of ambassador Ron illas and remained in that capacity until 1021 when lie he was vaa appointed ambassador by president calles callen five years tears afterward when ortiz bublo assumed the presidency of mexico feliez conforming to the custom in diplomatic missions tendered ills his resignation but this was declined later when ortez and his family visited the capital they were the guests of the ambassador M MOST OST noteworthy among the tha deaths of the week was that of dr david jordin jordan venerable chancellor emeritus of stanford university ver sity tie ile passed awny away at his campus home after a stroke of pa at the age of eighty years doctor jordan had achieved distinction as a scientist an educator and a philosopher and 1 ir r ninny many years had been an advocate of world peace in the field of science lie he was best as an ichthyologist 40 by N capr uba |
