The Centre reporter. (Centre Hall, Pa.) 1871-1940, July 27, 1933, Image 2

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    PURRED on by President Roose
velt—though the stimulus was
gearcely necessary—Gen. Hugh 8S.
Johnson, industrial recovery adminis.
Rd trator, let it be known
that he intended to
get the principal in-
dustrial groups under
federal control as
speedily as possible.
He and the President
desire that the indus-
tries come In volun-
tarily, but if they do
not, the general Is
ready to hold arbi-
trary hearings and
then fix the wage
rates and working
hours the recalcitrant trades.
These enforced regulations will apply
until the industries present their own
codes,
If it is necessary to adopt arbitrary
codes, these will be based on data
gathered by the administration’s sta-
tistical expert, Dr. Alexander Sachs,
who has already prepared a setup
codifying various leading industries
according to a number of conditions.
They have been rated according to
wage scales existing In various years,
chiefly the boom year of 1020, and
charts have been showing
how far cuts in must
be made to restore a mass of en
Hugh 8.
Johnson
for
prepared
working hours
ploy-
ment equal to predepression days.
With
shown
each industry
mum wages, how many en
eught to absorb from the 1)
idle, and how many hours those em-
ployees ought to work every week.
Two Important codes received were
those for the lumber and steel indus
tries. The former pegged
low and working hours so
General Johnson sald:
wholly unacceptable and will, in no
case, be approved.” A public hearing
on this code was set for July 20. In
submitting the code, John D. Tennant,
representing the lumber men, declared
it would result in “a substantial In
crease” in the number of employees,
and that it would increase pay rolls
by more than £10,000,000 in the month
of August alone.
The most extraordinary thing about
the lumber code Is that it would set
up “an emergency national commit.
tee,” to be appointed by the 27
ciations applying for the code, which
wonld have the strongest of autocrat
fc power, to the point of exerting ab-
solute control over the entire indus
try.
The cotton textile code was ap-
proved by the President and went into
effect.
these data Doctor Sachs has
conclusions as to how much
ought to pay in
mini-
Wages SO
long that
“They are
A880
F )R the purpose of co-ordinating the
many new functions and new bu-
reaus created since March 4, the Presi.
dent has created a super-cabinet, called
the “executive council,” similar to the
gupreme war council of World war
days. Besides the President and his
cabinet, the members are: The direc-
tor of the budget, Lewis W. Douglas;
the federal relief administrator. Harry
L. Hopkins: the chairman of the Re-
construction Finance corporation, J.
H. Jones: the governor of the farm
eredit administration, Henry Morgen-
than, Jr.: the chairman of the board
of the Home Owners’ Farm corpora-
tion. William F. Stevenson; the ad-
ministrator of the Industrial recovery
act, Gen. Hugh 8. Johnson ; the admin.
fstrator of agricultural adjustment,
George Peek: the chairman of the
board of the Tennessee valley authority,
Arthur BE. Morgan; the federal rail
road co-ordinator, Joseph B. Eastman,
and the director of the civilian con-
gervation corps, Robert Fechner
Frank CO. Walker, treasurer of the
National Democratic committee, was
appointed secretary of the council
During the summer and perhaps long-
er the regular Tuesday cabinet meet.
ing is to be superseded by a meeting
of the council
ECRETARY OF THE INTERIOR
ICKES, In his capacity as publie
works administrator, and his assist-
ants are mighty busy these days, for
government departments, states and
municipalities are scrambling for
shares of the $3.300,000000 which is
to be spent under the public works
program of the administration. The
proposed federal projects were given
first consideration, and a long list of
them was approved by Mr, Ickes and
submitted to the President. Applica.
tion from states and municipalities
eame next, many of them having pre
viously been approved by the Recon.
struction Finance corporation and
passed on to Mr. Ickes,
An additional $20276400 of the
£400,000,000 allocated for public road
gifts to the states was approved when
the allotments for Ohlo, Massachusetts,
and Utah received the final Indorse-
wents of Secretary Ickes and Secre.
tary of Agriculture Wallace, With the
£22.800.101 already nssigned to New
York state, this action means a total
of $45.000.501 already donated ax an
outright grant from the federal treas
ury ‘for road building, Under the al
lotisents Massachusctts gets $6,507,
100, Ohlo $15,484,502, and Utah $4,
104,708,
LLINOIS and Jowa, by their dele.
gates In state conventions, ratified
the repeal of the Eighteenth amend-
ment, the votes being unanimous in
both cases, They were the tenth and
eleventh states to take this action to
wipe out prohibition.
Citizens of Oklahoma went to the
polls and enthusiastically voted for
the legalization of 8.2 beer by a ma-
jority of about 2 to 1, In Oklahoma
City the people made a rush for sixty
carloads of beer that were waiting in
the railroad yards for distribution, but
Gov. “Alfalfa Bill” Murray called out
the National Guard and kept the cars
closed until next day, after which Okla.
homa, dry for 26 years, slaked Its
thirst,
ACKETEERING is to be wiped out
if the federal government can do
it and its agencies throughout the
country are uniting in a drive to bring
about this end. Such was the state.
ment made by Senator Copeland of
New York, chairman of the
committee on crime, after he had called
on President Roosevelt and Attorney
General Cummings. The first
of the eampaign, he added, will be re
search and the mapping of lines of co
work
New
where it is
senate
operation. For the present the
centers In
York, Chicago and Detroit,
directed, respectively, by
Copeland, Murphy of Iowa and Van.
three leading cities,
Senators
denberg of Michigan.
Manufacture and
guns will be one of
tackled by the committee, it
dicated, Copeland urged a program
which would require all manufactur
guns to be licensed, all
transportation of
tasks
was In-
the first
ers of guns
numbered, all dealers licensed, and all
purchasers examined for permits
NDICATIONS In London
the economic conference might con-
tinue until the end of July and then
recess until September or
The steering commit.
tee favored
course. It also decided
that one monetary
subcommission should
discuss International
commercial indebted
ness (war debts ex-
cluded), and that an-
other should deal with
the questions of cen-
; tral banking and sil
ver. Nearly all the
Neville work is being done by
Chamberlain 0 ommittees. Re
stricting the conference program was
a complete victory for the gold bloc
nations.
In addressing the house of commons
on the government's policy, Neville
Chamberlain, chancellor of the ex.
chequer, sald: “There is no doubt that
the avowed policies of this country
and the United States are closely par-
allel to one another,” whereupon the
house cheered enthusiastically. Mr.
Chamberlain continued:
“It is the declared intention of the
government to pursue by all means
in thelr power any measures which
they think will tend toward raising
price levels, which we believe to be
the first essential step toward recov.
ery.
“lI also agree that this country
should not depend wholly upon what
i done In conjunction with other
countries, but that we should do
what we can to help ourselves, That
is what we have been doing and we
have met with a considerable meas
ure of success, sterling figures of com-
modities having risen from the first
of the year no less than 8 per cent,
“We have really at last begun to
gee signs that show unmistakably that
improvement is not a fleeting one.
that It has a solid foundation and
may be expected to continue.”
were that
October.
this
HICAGOANS, especially those of
Italian birth or descent, were
eagerly awaiting the arrival at A Cen.
tury of Progress of Gen. Italo Balbo
and his fleet of 24
Italian royal force %
seaplanes, The air
armada was delayed
several days at Reyk-
javik, Iceland, by une
favorable weather con-
ditions, and then, de
spite continuing calm
that made it dificult
to get the huge planes
in ths alr, it took off
for Cartwright, Labra- =~ . ° o o.
dor, this being the Gen. Balbo
fourth and probably most perilous
stage of the 7,100 mile flight to Chi-
cago. THe route thence as lald out
in advance was, to Shedine, New
Brunswick, 800 miles; Montreal, Que-
bee, $70 miles, and Chleago, 1,000
miles,
Preparations were made by the ex.
position officials In Chicago and the
city authorities to give the Itallan fly.
ers a great reception and to entertain
them lavishly during their stay. A
landing piace for the planes was ar
ranged near the municipal pler, and
another on Lake Geneva in case the
lake was too rough,
INDING of Jimmy Mattern, Amer-
fean aviator, alive but Injured in
Siberia, was cause for rejoicing. For
gixteen days after he erashed in the
northern wilds he was barely able to
keep alive, and then he was picked
up by Eskimos and taken to the village
of Anadyr. The Soviet goverpment
was active In the efforts to rescue the
fiver, and reports from Khabarovsk
sald a Russian aviator expected to
take him from Anadyr to Nome,
HAT Col. Charles A. Lindbergh is
still one of the country's most
popular figures is made evident by the
general interest taken in the route-
rng mapping flight he Is
making over the
northern air course to
Europe. Mrs. Lind.
bergh. her husband's
rival in popularity, is
with him not as a pas-
genger but as radio
operator and assistant
pliot of their big
monoplane, Thelr
plans were to fly
across Labrador,
Greenland and Ice-
land, and perhaps on to Denmark.
Col. Lindbergh
They had no fixed route or stopping
places and did not know they
would return
The Lindberghs' trip started
New York and the first stop was near
Rockland, Me.. where they were forced
down by fog When
they went on to Halifax, and after an
overnight stop, procee led northward
when
from
the alr cleared
on the way to Greenland, stopping en
route at Johns, New Brunswick.
The plane was provided with new pon-
toons and Instruments and the motor
had been speeded up considerably.
St.
CENTRE
HALL, PA.
=
washington.—One of the most de
pressing factors in the three year-old
economic crisis has
Lesson for been and still is the
discouragement ex-
Shylocks perienced by vast
numbers of solid, substantial citizens
as a result of Inability to continue
payments on their farms or homes in
towns and cities, They bave strug:
gled, worked and saved to apply the
sums so accumulated on a home or
farm that they can call their own, In
the last three years, thousands upon
thousands of them have seen these
savings swept away, the homes or
farms taken by the holders of mort
gages,
It has taken an extraordinarily long
observers here are agreed, for
A good many mort
such as life insurance
more than two
easy” in foreclos
morigage.
holders,
began
ago to “go
too few for the good of the
or the good of the mortgage
as a according to the
around the Na-
holders
class,
gather
SECRETARY SWANSON Is
J mined to hu the navy up to
treaty limits, his department has
been allotted $238.000,000 of the pub
lie works The navy's con-
struction program, it is estimated, will
than
‘
more
of work, and will
deter
money
create 2430000 "man
result in the
Bids on
weeks”
modernization of the fleet
authorized
will be opened in a few days. The re
will be con
government navy
seventeen of the vessels
maining fifteen vessels
structed speedily In
1, end
Unit
8032 O00 -
ficenl year 100
people of
the
id an additional
al taxes, this being because
the new levies more than offset the de
cline in we
Internal rev
vear were about
yield Incredsed in 31
dropped in the other 19,
Most of the drop in Income
had been in corporation returns which
showed a decline of 35 per cent last
year. Corporations’ Income yielded
only $305.000.000 of federal taxes last
year. compared with $630,000,000 the
year before. Returns from individ
pals, where the rate increases were
heaviest, dropped from $427.000.000 a
year ago to £351.000,000 last year
» to the depression.
the
The
and
for
21° 616.000.000,
enue collections
states
tnxes
RESIDENT ROOSEVELT has
granted a full pardon to Francis
H. Shoemaker, congressman from Min-
nesota, who served a year in Leaven-
worth penitentiary before his election
to congress. He was convicted In 1630
of sending libelous and defamatory
matter through the malls, to a
litical enemy. The President
pardoned Owen Lamb, whom
maker met in prison and took to
Washington as his secretary. Lamb
was convicted of abstracting money
from a national bank,
o-
aniso
Shoe.
it of the failure, or refusal,
holders to realize the
conditions confronting them—I speak
The resu
One of these
the request of
that
up made
Roosevelt 4
works, as it appears
too much of an ex-
federal
home loan act
laws passed at
President Hoover, but
vamped and a new sel
request of President
the present law
ft may, without
pense the
fenders of money on
as the
was
was re
at the
government,
upon es
mortgages
farm
in towns and cities will
find themselves paying
penalty in the end
In any analysis of the mortgage sit-
dan-
governmentally
functions in
uation cannot overiook
% inherent In
one
any
institution that
a half-way private fashion
loan act and its purposes are
to entirely
face the same possibilities as the farm
joan act that as initia@d by the
jate President Wilson. That
ment has cost the government {which
means the taxpayers) many millions
of dollars, yet it has done some good,
Of that there Is no doubt But it
pever does any deny weak
nesses, The results will be revealed
eventually, and they will be disclosed
in the jonn act just as they
have been shown In farm loan
law
jut the point of this consideration
ts that extraordinary measures have
been and are necessary. One of the
things that must be accomplished ia
a revival of confidence. It is agreed
among students of the situation that
home loan act and the re
vamped farm loan structure develop
any appreciable amount of new con
or restore old confidence, it
the same Influences
enact-
good to
home
the
fidence
combined help extended by those two
laws can enable individual owners of
EADERS of the Republican party,
+ determined that the G. O. P. shall
not die or sleep, are actively
planning for the elections of 1834 and
profess the belief that
they can regain much
of the ground lost In
1682. Under the per
sonal direction of
Everett Sanders,
chairman of the na-
tional committee, Aa
gsories of regional
meetings is being
held, the latest being
in Chicago where na-
tional committeemen
and a few others
from eight central
states gathered. Their proceedings
were not made public, but it was
learned that they are banking on the |
“mistakes” made by the Democratic |
administration and are expecting more
of them to be made in the future, La- |
ter there will be similar meetings in |
western cities, i
Mr. Sanders said in Chicago that |
three conferences in the East had giv.
en assurance of better times ahead |
for the party, provided enough hard |
work was done. He said the attitude |
of national headquarters is one of
looking forward and not backward. |
Nonpartisan observers are inclined to
think that at present no headway can
be made on the basis of opposition
to the Roosevelt policies—at least not
before they have been given a fair
chance to succeed or fail
eten
Everett
Sanders
NE THOUSAND veterans of the
Rainbow division celebrated the
fifteenth anniversary of the battle of
Champagne-sur-Mer with a three-days
reunion In Chicago Including a fete
at A Century of Progress exposition,
In the list of those who addressed
the former soldiers were Ma). Gen,
Douglas McArthur, chief of staff of
the United States army; Gen. Chagles
Pp. Summerall, former chief of staff;
Maj. Gen. George E. Leach, former
mayor of Minneapolis; Col. William
P. Screws of Alabama; Ma) Gen.
Matthew A. Tinley of lowa, and Col
William J. Donovan of New York.
©. 1933, Western Newspaper Union
to lead the country out onto solid
ground of economic prosperity again.
» * .
The home loan administration is ex-
ceedingly slow in getting into motion,
Admitting that time
always is required in
the development of
any organization
Frown on
Foreclosures
does appear that the home loan board
has been guilty of too much delay.
it may be sald to the board's credit,
however, that it is trying to encour
the time when the new structure has
been completely formed. The argu-
if mortgage holders forego their
rights, as denominated in their mort.
gages, for a short while, they have
a chance to emerge from the situa.
tion with new bonds on which the
government guarantees the interest
payments,
Let us examine that privilege and
home owners may benefit, This must
necessarily be considered in conjunc
tion with what the law offers to the
home owner, and which will lead him
to utilize its privileges
The wmorigsge holder may surren
der his existing wortgage to the home
owners loan corporation, the. official
name of the agency which will han-
die the funds under the supervision
of the home loan board. He will yet
in exchange new bonds, bearing 4 per
cent Interest. The payment of the
interest is guaranteed by the govern:
ment, but the principal of those bonds
remains in the same category as does
the principal of the existing mort.
gage. The bonds are exempt from all
taxation and 1 think it Is generally
agreed they will constitute a high
clues Investment,
it is to be remembered that the law
limits the amount of the mortgage
that may be issued against any prop
erty to $14000, The total loan may
not he more than 80 per cent of the
appraised value of the home, so that
it may be sald the security behind
the bonds is somewhat better than
average when It is remembered the
interest will be paid by the govern
ment if not otherwise, The morigage
holder obtains a long term bond, he
is freed from the necessity of making
advances to keep the property in
shape or pay taxes, etc, and he takes
only the usual chance on the princi-
pal,
Now, from the standpoint of the
home owner, there 1s the probability
that the home owners’ loan COrpora-
tion will be more lenient in the matier
of enforcing the terms of its mort.
gage by foreclosure, which it would
have the right to do. That ought to
make home owners feel more secure.
The mortgage belder has another
alternative. He may borrow up to 40
per cent of the vaiue of the property
and give the home owners’ loan cor-
poration his mortgage a8 security.
* * *
When the home owner seeks to
use the home loan act priviliges, he
gets a benefit in the
May Run shape of a postpone.
15 Years
of the matur-
of his debt,
That ig. there {8 a new mortgage writ-
ten and it may run as long as fifteen
In addition, if home own
ers’ loan corporation agrees, the home
t amounts
ment
ity dale
Years. the
owner may be allowed wi
to a moratorium In the ment oF
either the or any Installment
on the prin That gives the home
owner a breathing for
example, he is
rep t
good, it
lose his home,
Then, the home
funds from the without
the necessity of paying a Commission
to anybody, and what you will,
these con ssions for l ing a
joan are a burden. The makes
gure there will
charged by making
crime.
Another avails
vided for the home
vision allowing him to pay off a part
mortgage with bonds
interest
so that if,
owner
corporation
say
nw
oro-
pr
or all of
of
his
the home owners’ loan corporation.
It may be readily seen that if by
any chance the bonds of the corpora-
tion should sell below par, a borrower
might be able to buy the bonds, say,
at 85 per cent of their value and turn
them In st 100 per cent Of course,
everybody here connected with ad-
ministration of the act. insists that
the bond price will never fall below
par, yet there are some who think
that condition may eventuate.
- » s
1 hope in a few weeks to be able
to discuss the set-up arranged by the
home owners loan corporation by
which home owners can take advan-
tage of the legisiation’s terms. The
machinery Is being created slowly
and it is obvious why that is so be-
cause there will be two agents of the
board in virtually every
county of the nation. They will be
the point of contact for the individual
home owner and it will be from those
agents that all necessary detalls can
be ascertained and with them that
individual problems may be solved.
* » .
The farm loap structure is some
what further advanced There was
some machinery already In existence
for use under the terms of that law
and Henry Morgenthau, Jr, the farm
credit administrator, is getting things
in shape so that his organization soon
will be making loans on farm lands.
- . *
We have just witnessed the United
States treasury adopt 8 new system
\ of reporting its con-
New Treasury dition. It Is required
Statements by the Constitution
public a statement of its receipts and
of these items has been issued con-
ever, the statement has appeared In
a new suit of clothes, and an explana-
pears to be important.
of accounts all of the regular
penditures such as salaries and ordi
nary running expenses. in another
set of accounts, it is listing the so-
called extraordinary expenditures. In
these items are the long list of relief
payments, the emergency construction
expenditures, the payments to farm-
ers for crops destroyed, and other
outgo of a similar character.
{ have heard both criticism and
commendation of the new policy. Pres.
{dent Roosevelt has maintained that
the emergency expenditures should
not be included in the regular budget
because they are extraordinary in
character and will not recur, or at
least none of us hopes they will re
cur. The emergency expenditures are
being financed thivigh borrowings by
the government and will be repaid
later so that the President says they
should not be considered when plans
are being worked out for balancing
the regular budget.
On the other hand, It Is contended
that this is nu dishonest budget, that
it dove not properly represent the
financial standing of our government.
© 1918, Wests Sewnpaper Union,
By William Bruckart
THE PRESIDENT'S JOB
¥: IS quite apparent to anyone that
the job of being Pres of the
United States carries with it some
more than honor that at
taches to that great office, Those who
observed the performances of
dent
the
is in thelr
arrive, 1 believe,
irres conclusions re
enable
i One of them pre
for which I ean offer
no solution, The other constitutes a
fact that is a glorification of a nation
producing
guch men.
These convictions are, first, that the
of our nation is a
for any one human
second, tha
burden too great
ft no per-
$
§ served long in the office
without the guidance of
gBOme mone] gE #11 Gus nihllosonhs
ligious philosophy,
when he assumed the duties,
It was only a few
YEArs ago w
comparatively
en it was a comme
in Was wwton to see the
strollin hie
meeting
1 sight
sident
The
in those
resident
rin lex
plex,
his
add
content
the whol
cles. In an organization ome 7
is not difficult to see
hed
by variou mbordinates, and in our
how unwise decisions may be reac
government, the
“outs” overlook no opportunity
italize the mistakes of the °
to cap
And
An error or an unwise de-
cigion or a be-
comes as a snowball and grows as it
“ns.”
piece of malfeasance
The therefore, has to be
concerned with all of the thousands of
activities, and assume responsibility
for results without able
same time to supervise them except in-
President,
being at the
directly, Nor is there ever any short-
ters to call at-
HOLE,
advisers to the
He has his cab-
the cabinet mem-
age of critics and agit
tention to the vulne
are close
. of course.
There
Preside
inet, but loyal as are
bers and wise andgeareful as they may
be. the head of the nation still must
lead. He must
lating to intern: al affai
think respecting the nation's
frame the po
»
re: he must
HCIeR Te-
clearly
the thought that from every word or
deed of his flows consequences so far-
reaching that nation may be
plunged into war or ite whole people
may the privations of “hard
times” Even further, from the things
he says or does may come hlasted rep
utations or unmerited riches.
Perhaps It is the constant thought
our
suffer
men consult the depths of the souls
for the guidance that they need. It
ig a fact, nevertheless, that whatever
they have done or whatever their
gource of wisdom may have been prior
to becoming President of the United
States, their private thoughts during
their terms of office have shown their
regard for the truth as it is imparted
in one or another of the religious
teachings.
Things of thig sort about the Pres
jdent seldom reach the people. It Is
one of the numerous things which can
not become known, The President is
entitled to some privacy, though he
gots very little despite all of the effort
to provide it. My thought always has
been that the President ought to have
a lot of sympathy. Everybody Is sc
anxious to get a glimpse of him or to
talk with him that he is not given the
time to have a good hard-boiled
grouch, however much he may feel
like it.
It might be just as well, therefore,
that the fond mother who looks upon
her firsthorn as a President-to-be
might change her hope, If she seeks
happiness for him, It may come
through the honor that attaches to
the Presidency, but patriotism does
not prescribe that there shall be »
continual rending of heart strings and
a searing of souls for all who serve
thelr country.
@. 1922. Western Newspaper Union,
Tested by Time
“Ig there any way in which one ean
deelde whether the standards of con
duct set up by sociely are true ot
false?" has been asked. If they have
been wrought for, fought for, and suf
fered for, by ploneers of the race,
those of value will last. What makes
for happiness, order, and final ie
the test.—London Tit-Bita { or
A