ANKERS, business men and many other persons, especially southern politicians, believe inflation soon will be here in full force. The financiers are trying to guess when and In what form {it will come, and the southern sen ators and congress- men are urging stralght-out currency inflation, which latter President Roosevelt has seemed desirous of avolding as long as possible, Of course, we already have a degree of Inflation, shown by the declin- ing price of the dollar on foreign ex. changes—a few days ago it reached the lowest level in fifty years—but this is not enough for the downright infla. tionists. Great pressure was being brought on the President, the leaders in this being Senator Pat Harrison of Mississippl, chairman of the senate finance committee; Senator Fletcher of Florida, of the banking and cur rency committee; Senator Thomas of Oklahoma and Representative Byrns of Tennessee, house majority leader, Harrison predicted adoption of = new administration monetary policy In the near future, indicating it would be in full swing by mid-October when the movement of cotton from the farms reaches its peak. “If the administration does not act before congress meets,” he said, “con- gress will compel adoption of an infla- tionary policy and not leave it to the discretion of the administration as was the case with the inflation amendment.” Declaring that the dollar is too high and the of gold too the Mississippian proposed an inflation pro gram that would include some or all of these methods: Senator Pat Harrison Thomas price flow, 1. Issue treasury notes 2. Rais domestic the price market. treas- «8 wheth co-operation 3. Pure ¢ silver and issue ury notes against | er French and Brit could be obta 4. Create a « to force the value of the dollar and to keep it there. Washington correspondents said the administration was planning to act in accord with a report from the Pres) dent's secretly appointed committee of monetary experts, which Is opposed to radical inflation. Its proposal is that about November 1 an agreement shall be sought between the federal reserve board and the central banks of Europe for the immediate stabilization of American, British, French and Ger. man currencies by a process of “peg. ging” them to one another, The dol lar would be pegged at a point be tween 70 and 80 cents. President lence on the t. recardle yritish ned, Har stabilization fund down toosevelt maintained si. matter of inflation, but was ially concerned about the welfare of the farmer. By his diree- tion the Reconstruction Finance cor poration made available to the fed eral land banks another £150.000.000 to assist in the Immediate refinancing of farm mortgages held by banks whose operations have been restricted by heavy portfolios of such paper. This step, It was believed, would help toward boosting prices for farm prod: nce, espe DMINISTRATOR JOHNSON and his co-laborers finally succeeded in producing a code for the bituminous coal Industry that was accepted by all the operators except two small groups and by the miners’ unions and was approved by President Roosevelt. The principal points In this code are: Provides for fixing of minimum prices; prescribes a maximum 40-hour work week. Sets basic minimum wages for un- derground workers ranging from $3.75 to £5.63 in 16 districts, Recognizes right of miners to or ganize. Creates regional and national boards to govern the industry and settle labor disputes. The sale of coal at less than “fair market prices” is forbidden, and these prices are to be determined by region al marketing agencies and subject to government review. The labor pro visions prescribed by the NRA are contained Intact in the code. Also the workers are given the right to elect their own check weighmen, and are not to be required by their employers to live In company rented houses or to trade in company stores. GPEARING to the convention of the Grain and Feed Dealers’ National association. in Chicago, Secretary of Agriculture Wallace uttered the warn. ing that all plans for fixing prices of agricultural products must surely fall unless the law of supply and demand is complied with, Farmers, he de clared, must control production, and, if they do not, even Inflation will not save them. He sald the production control measures already adopted by the government, such as the plowing under of cotton, the curtailment of whent acreage, and the slaughter and total destruction of 5,000,000 little pigs, will bring about a substantial rise in agricultural prices soon after January 1, If not before. But this “certainty,” the secretary added, had brought from the farmers a great cry for immediate price fixing to tide them over the ensuing three or four months, The general tenor of his remarks indicated that he was op- posed to taking any such action, but the crossroads of economic policy and might have to listen to political clamor. After conferring with the secretary of agriculture and the heads of the farm and relief administrations, Pres- ident Roosevelt announced that the government would spend £75,000,000 to buy surplus food products and cot- ton and give them to the needy who are out of employment. S SUCCESSOR to Prof. Raymond Moley In the position of assistant secretary of state, President Roosevelt has turned to the ranks of the more A practical politicians and selected Robert Walton Moore, a man of long experience. Mr. Moore is a native of Fairfax, Va, where he now resides, and I» seventy-four years old. By profession he is a lawyer. He was elect. ed to the Sixty-sixth congress to fill out R. W. Moore a vacancy and was re- elected to each ceeding congress until the Seventy. sec ond. He then retired to his home During the World war he was assist ant general the United States railroad administration. also a regent of the Smithsonis tution In Washington. Mr. Moore 18 an old of State Hull, and will be able to act In accord rp sue counsel of friend of i tary secretary's views better fessor Moley, EPEALISTS captured mn states, New Mexico and Idaho, these being the thirtieth and thirty. first to turn thumbs down on prohibi- tion. By November 7 eight other states will have voted, and there is no reason to believe that the wets will fail to win In at least five of them— all that is necessary to remove the Eighteenth amendment from the Con. stitution, In New Mexico the vote was abont three to one In favor of repeal, only two of the 27 counties showing a ma- Jority in favor of the prohibition law, Idaho, however, was much closer, the drys there making a showing of strengt second only to that In Tennessee, The repealist majority in Senator Borah's domain was only ap- proximately five to four. Attorney General Homer Cummings handed down a decision in Washing ton that permits bankers to finance the wholesale manufacture of liquor, preparatory to repeal two more V FHILE the statesmen of Europe and the United States are pre paring for reopening the disarmament conference, there Is great interest in the naval plans of Japan. Mineo Osumi, naval minister of the island empire, has an- nounced that his coun- try will seek a re vision of ratios at the next international con- ference so that Japan will be permitted to bulld nearly up to parity withGreat Brit- ain and United States. He holds that under present conditions the defense pur. pose of the Japanese navy is Impaired and that more warships are required to protect the empire from outside attack, Counteracting this somewhat are statements from Koki Hirota, the new foreign minister, and Capt. Gumpel Sekine, spokesman for the naval min- istry. The former asserts that Japan Is striving for the best possible re. lations with all foreign nations, espe. cially the United States, China and Russia, Captain Sekine declares Japan has no Intention of challenging Amer. fea to a naval-building race, although It will ask permission to construct a larger navy. “The Japanese navy is defensive, not aggressive,” Sekine asserts, “The Japanese public does not want a war. We want honorable co-operation. We do not want to be oppressed or dis graced. No happiness comes out of war, But when pressed to the wall we will fight” He deplores propaganda assertedly aimed at stirring up trouble between Japan and the United States “There Is no real reason for n war between America and Japan,” says Sekine, "but there are many people who would like to see such a war, | have read many books and magazine articles, the alm of which seems to be to stir up bad relations between Japan and America. I hope the people of America will not be misled by propa: ganda." Mineo Csumi ESSE H. JONES, chairman of the | REC, has told the bankers how the | government through his corporation, | plans to gain complete control of the | national banks, This will be obtained i by RFC ownership of the preferred | stock of the banks, and the scheme en- | visages RFC agents directing bank | policies, electing directors, hiring and real estate Investments and in general directing the operations of banks, Ramon Grau San Martin as Pres. mobilizing to drive him from office and : the new momentarily expected to break out in Ha- vana, In other parts positionists were In. creasingly active, and altogether affairs in a sad muddle, As the renewed conflict became more im- minent the American warships drew in closer to the capital city, and estab. lished hellographlie communication with the American embassy. President Grau was cogeentrating his cavalry and artillery about the presidential palace, and his opponents were gathering arms and ammunition, At the National hotel, where 500 army officers were beleaguered, soldiers loyal to Grau were placing machine guns on adjacent bulldings and traln- ing them on the hotel. John G. Laylin, a United States treasury expert who went to Cuba with A. A, Berle of the RFC recently, turned to Washington with a rn on the financial situation on the island. What he told has not been made pub. lic, but it is a certainty that he found conditions very bad and that his report will have much to do in determining the attitude of the American gov ment. The State department insisted there was no present intention of land. ing marines or bluejackets, but the sudden sending of four destroyers from o to troubled spots was In. dicative of the serious situation on the Island. Mr. Hull said that Amer. feans er wr should C- J. G. Laylin Guantanan langered In the inte ric move toward the warships for protec N¢ TABLE among recent - that of Dr, Annie Besa ‘ hists of the wy 1 Madras, India hts six Years, armit have nee beginning Leadershiy hists 3 on a stormy life which beg was clergyman, she became the champi divorced from an Deprived of her children, ( f London's and nizoer social Her to the re reforms an attention then was directed ligious movement, ERLIN { that there had been a split between Chancellor Hitler and his right-hand man, Capt. Herman Wilhelm Goering, premier of Prussia These rumors were given body by the fact that Hitler did not attend the ceremony at which Goering in- stalled In the new Prussian state council in the Berlin university, The T1 counselors who took the oath In unison included lead. ers of the Nazi storm troops, the army, navy, church, art, commerce, industry, and also the for mer ruling houses—Prince August Wil- helm Hohenzollern and Prince Philipp of Hesse. The impressive ceremony was witnessed by the érown prince and crown princess of Italy, the papel nuncio, Msgr. Orsenigo: Ambassa. dor Willlam E. Dodd of the United States, and other members of the diplomatic corps; but both President Von Hindenberg and Chancellor Hitler were absent, The new council is merely a con sultative body, having no voting pow. | ers, because, as Goering explained, “that is a relic of parllamentarism.” which he declared had been destroyed by Nazism, together with pacificiem. The same day Foreign Minister Von Neurath expressed Germany's deter. mination to obtain security and equal. ity in weapons of defense or withdraw from the arms conference, In Paris the representatives of the United States, Great Britain and France held conversations prelim. inary to the resumption of the dis. armament conference, the main tople being France's proposal for rigid and permanent control of arms which must be tried over a period of years before she will consent to disarm, was full of reports office Capt, Goering CHANCELLOR ENGELBERT DOLL. fuss of Austria, physically small but mentally something of a giant, seeks to straighten out the troubled affairs of his country by following in the footsteps of Premler Mussolini of Italy. He has espoused Fascism and formed a new cabinet of personalities in which he and Capt. Emil Fey of the Fascist helmwehr are at the top. Vice Chancellor Franz Winkler, leader of the Democratic agrarians, and Karl Vaugoin, who was war minister in six. teen cabinets, are excluded. Dollfuss himself holds five portfolios, being chancellor, and minister of foreign af. fairs, agriculture, defense and public security, © 1922, Western Newspaper Union, Washington.~~With the coming of fail and the usual spurt in commerce rs and Industry accom- Two Million panying cooler Get Jobs weather, two facts about the govern- adjustment programs have been yielding some benefit, but weak- painfully evident, Full advantage is being taken of the gains registered. Whether the vulnerable spots In the ever, remains a matter of conjecture, There has been undisputed progress lines of business; there have been at least two million workers restored to income to farmers, to industry and to workers. But there has been a fly in the olotment at the same time. De spite the enthusiasm with which the recovery program has been supported, there have been some very sore spots created by mistakes on the part of government leaders as well as some rancor on the part of a limited num- ber of industrial leaders that has come from selfishness. From all of the In- formation available here at the seat of affairs, my conviction Is there has been some bull-headedness on each side, and this condition has disclosed where the weak spots of the several programs obtain. To make the going tougher, labor leaders swooped nail fast every possible advantage they can find that they may sition whenever ditions prevail again. no more mistaking this bit of selfish 1088 than there can be by n 3 have down to be in a better po normal economi There car closing eyes to the some trialists to line their own nest difference is that under preset attempts of cumstances, and with tional recover et to labor leaders are powerful now The gr considerably than are the smtest weakness thus far evi the to the conser dent in any of several efforts, according have gathered, is the attemr the rules of codes hidebour elastic. This course has res handicaps being placed on son nesses that actually prohibit expansion of operation where the desired end ob viously Is here are contend thorities, particularly too much haste in some again haste has told that there are a good many codes that will have to be amended or re vised or worked over in some respects In the light of experience, but the pity of this is that able men were not giv. en the chance to have the changes In cluded In the codes in the first in- stance. Probably, the answer to these state ments will be that hearings were held and each industry was given an oppor tunity to state its case, which is true. Yet, In all of the terrific hustle and bustle that has gone on in NRA head quarters, there were Influences wield ed that appear to some persons here as having been tinged with selfishness I do not seek to defend either side In such controversies as occurred over the coal code or the automobile code or some of the others, for each side rath er messed up the program, but, speak ing generally, the staff which General Johnson has around him was capable of doing better work than was done on most of the codes, As to the gains resulting from the united effort, figures tell the plainest story. Official statistics show that In the majority of lines of trade, there has been a greater volume of busihess done since NRA and the agricultural volume. Observers ing that the NRA au have employed band more nstar made waste. I am in months before. This brought new new Jobs carry additional greater comfort for those theretofore out of jobs. Then, there were figures on advertising. Detailed reports from twenty-five of the principal eities showed there had been 16 per cent more advertising printed by their newspapers in August than in August, 1032. : » . . Concerning the efforts to correct weaknesses in the recovery plans, per- haps the most nota- To Correct ple 1s the move by Weaknesses the Reconstruction Finance corporation to push money out where it will be used, The corporation is prepared to make loans to banks If those banks will make loans to private businesses, and to supply the money to the banks at 3 per cent interest If the banks wil} not charge more than § per cent when it is reloaned. In other words, the Re. construction Finance corporation has gone almost the whole way into the banking business, for that which it is now doing Is nothing more or less than rediscounting commercial obligations, As was stated above, whether such moves as this will serve the purpose of correcting weaknesses In the recov. ery plans, no one can say accurately. It is to be remembered that the prime purpose of the NRA was to boost prices, raise wages and make more Joba. Undoubtedly, some of that gen. eral objective has been achieved, else there would have been no need for the proposition advanced by the Recon struction Finance corporation. Its move was designed to provide com- merce and Industry with money to meet the added costs entalled under the NRA scheme. Hundreds of in- stances were reported where firms and individuals simply did not have the resources, after three years of strug- gle, with which to meet the new drain, They had to be helped over the hump between the time when they assumed the new obligation of the blue eagle Insignia and the day when it would produce returns to the business, Banking authorities are not certain that the plan will work. From banking authorities, I learn that there Is a better chance of some benefit accruing under the Reconstrue- tion Finance corporation plan in the West and South, agricultural areas, than in the East, where manufacturing predominates. Money rates seem to be higher in the West and South than in the districts where a larger volume of money is handled. It may be, then, that a maximum rate of § per cent will borrowings to take place that have been held back by banks which seek to hike the Interest charges too high. cause . . » From our own war 25 the depres sion, it seems to me we ought to turn : our eyes a moment The Foreign to conditions abroad Situation that depict to many observers a state of that has not been end of the world gain little views among Cialis, respect. f the foreign sit- “war-mindedness™ the 1918 evident since conflict In One can satisfaction from Our own governmd ing the potentialiti 1 rks from officials at this uation, because reg of the Wa time would si ne, Nevertheles ingion wernment mnly id fuel to no good one's head the ned ob- ints & navy the London id by bulid- available for land seems to be the alone, of all of the majo y rs, making few steps toward arming. unemploy Interest has centerec fortification along the French government has construct. el. No one or will it Is known only that there has been constructed a veritable voncrete and steel system of ibterrancan for tresses, passageways, munitions depots and supply bases the frontier for about one hundred miles, and that these one hundred miles roughly con- stitute the boundary between Ger 1¥ and Italy on hand and the French on the other. 3ut the operations of the other pow erg should not be The Italian government lately has put 160, 0) men through mar vers in a ter. ritory that might naturally be the lo cale from which a “putsch” into France would be attempted, and little Switzerland doubled the size of the army it annually calls out for manen- vers. This action was explained as “training In the defensive” for the army, but at least it was a bit unusual . es» knows what it has cost, cost when ultimately pald for: along the one overlooked. The Germans, under Adolph Hitler's direction, lately have completed and opened for business War Clouds what 1s said to be Over Europe one of the largest of airports on the European continent. It is located al. most on the border between Germany and Austria, and some qualified ob- servers maintain it was placed there because of the growing pro-German sentiment In Austria, Their thought is that Hitler expects some time to have control of Austria, and he as. sured the pro-Germans of Austria that he Is looking after their interests by providing an air fortification where it will be of assistance to them In event of trouble from outside of the two na- tions. In other words, the implication is that Germany is gradually coaxing Austria back into an alliance such as existed under Kaiser Wilhelm, In addition to these things one cane not overlook the Hitler assertions that are strongly anti-French, nor the Mus- solinl declarations indicating he will have more territory, nor the fact that the French have 680,000 =n under arms this year. Likewise, it cannot be passed as insignificant that Brit ishers are reported to be steadily dis posing of French real estate holdings, investments that have been heavy in years past. It may be only hot-head- edness on the part of the statesmen, go-called, now In power in those sev. eral nations, or it may be that there are grievances that are real Instead of fancied. Whatever the underneath condition may be, or Is, it Is apparent there are potentialities of war obtain: ing in Europe now that have not been vigible in a decade, and in, thinking of a European war, it Is well to re member the course of that conflict which raged from 1014 to 108 ‘©. 1933, Wentern Newspaper Union, ! a How I Broke Into The Movies Copyright by Hal C, Herman BY WILLIAM BOYD poEanly I would never have faced & motion picture camera if I hadn't arrived in Orange, Callf., with only 85 cents to my name. My destination was San Diego, 100 miles away, but one can't travel even 100 miles on 25 cents, My parents had died In my early ‘teens, so I was obliged to shift for myself. For some undefinable reason I always had wanted ¢0 go to San Diego, and I left high school in Tulsa, My first*job In Orange was quite a natural one for a hungry kid. It was a8 a grocery clerk. I was standing in front of a window filled with ed- Ibles, thinking how good any portion The pro- prietor placed a card in the window. It announced the need of a clerk. 1 supplied the need. While I was saving money to jour- ney on to San Diego, I met some fol- lows working with a motion company on location near Orange. We struck up a friendship of sorts and they insisted I would screen well and come to Hollywood young and my ambitions ea picture y divert- stead of San Diego, However, it was more before I tried to make I had the grade in sense enough Igh overnight, so I deter- mined to save enough money to keep I could my reser carded muscle an oll 4 of extra work ur I enlisted In June, ms I ci wearing gold sta I was discharged for athletic ball I used to play in my hig dare, any drea rs on my three heart, a souven! Lh veoh post exe Uverside, CC the Marsh some time. I was a little old 0 and upon returning to Hollywood re newed the trips to the studios. I had begun to regard the possibility of mo- tion picture work very ser I was ited when, lucky enough to catch the atient of Cecil B. De Mille, who gave me a bit In “Why Change Your Wife” Other minor roles in various pictures and Mr. De Mille gave me small parts In several of his produc I was placed under contract with a featured role in “The Road to Yester Then came my big chance in This picture Falr, I like working In motion pictures, particularly when I play such roles as I had in “The Volga Boatman” “Jim, the Conqueror,” “The Yankee Clipper” and “Dress Parade.” Since be. coming a Pathe star I have appeared in such screen hits as “Skyscraper,” “The Leatherneck,” “Two Arabian Knights” “Lady of the Pavements” “High Voltage” and “The Flying Fool.” My father was a civil engineer, and If my parents had lived and I bad been able to attend college, T would more than likely have adopted the same pro- fession. But things didn't work out that way. However, I always enjoy the up-and-doing characterizations which remind me of my father and the plans for my own future which he and I so often discussed. WNU Services Spencer Tracy Starred in Many Broadway Successes Spencer Tracy made his debut on Broadway in “Bread” which was fol- lowed by engagements In “Nigger Rich” and “The Last Mile His ex. cellent performance in the last pro- duction resulted In his receiving a contract from Fox films. He made his first picture appearance In “Up the River” in 1030. His more recent pro- ductions are: “She Wanted a Million. aire,” “Sky Devils,” “Disorderly Con. duet, “Young America,” “Soclety Girl” “Painted Woman,” and “Me and My Gal” J 1 b
Significant historical Pennsylvania newspapers