THE CENTRE REPORTE
R, CENTRE HALL, PA.
ERMANY, feeling that it is being
treated like a second-class na-
tion, startled the world by withdraw-
ing from membership in the League
of Nations and from
the disarmament con-
ference. At first blush
this looked rather like
a threat of war In the
not distant future, but
sober consideration of
the facts and condi
tions dissipated most
of the fear that armed
conflict was near. In
the first place, the
German government
Chancellor left the way open for
Hitler its return to the league
and conference if properly conclliated
by the other nations. More potent yet,
perhaps, is the faet that none of the
nations is financially able to support
& war at this time. Nor do the people
of any of the countries directly In-
volved wish to go to war, unless it
may be the always militaristic Prus
slans of the reich.
Chancellor Hitler, having announced
Germany's withdrawal, President Von
Hindenburg Immediately decreed the
dissolution of the reichstag and pro
claimed a general parliamentary elec-
tion for November 12, with a plebl-
scite at the same time to obtain the na-
tion's approval of the government's de.
cislon. All the state parliaments were
dissolved and there will be no new
state elections, so the pawer will be
centralized in Berlin,
Hitler's speech of appeal to the Ger.
man people to support his policy was
full of ardor and yet was half coneill-
atory and caused hopes In Great Brit
ain and the United States, if not else.
where, that the reich might be brought
to a reconsideration of its action. The
officials of other nations refused to get
excited, and some of them admitted
privately that Hitler's protest was
Justified, but not his methods. The
managers of the disarmament confer-
ence were naturally disconcerted and
decided to adjourn until October 25.
Some of them were ready to quit In-
definitely, but this move was blocked
by Norman H. Davis, the American
representative,
A little later Mr. Davis received In-
JStructions from the White House and
thereupon his position became consid-
erably more detached. In a statement
to the press he informed the European
nations that America would gladiy co
operate in any disarmament negotia-
tions but was “not Interested In the
political element or any purely Euro
pean aspect of the picture.” In other
words, the United States will leave
Europe to settle its own quarrels In
its own way,
Italian officials rather hoped the
disarmament negotiations could be
continued with the framework of the
four power pact, but France Indicated
she would not consent to this.
The British cabinet heard a report
from Sir John Simon, foreign minis
ter-—who had been in violent con
troversy with Baron Von Neurath, for
eign minister of. Germany—and was
sald to be In a conciliatory mood,
though there was no indication that
it would abandon its attitude of co
operation with France,
Hopes that Germany would come
back Into the concert of nations by
the back door were dashed by Hitler
who, in a powerful address, declared:
“Germany Is determined In the fu.
ture to attend no conference, enter no
league, agree to no convention, and
sign nothing as long as she 1s not
treated equally.”
NE billion dollars will be put into
circulation speedily when and if
the President's program for the liqul.
dation of closed national and state
banks is carried out. . v0
The depositors will \
be paid about 50 per
cent of their deposits,
the money being
loaned by the Recon
struction Finance cor
poration. To adminis-
ter the liquidation a
special division of the
RFC Is set up to
make loans to the
several thousands of ° -
closed banks. C. B. Dean Acheson
Merriam, a director of the RFC, is the
head of the liquidation board, and the
other members are: Jesse H. Jones,
chairman of the board of Reconstruce
tion Finance corporation; Dean GQ.
Acheson, undersecretary of the treas
ury; Lewis W, Douglas, director of
the budget; J. F. T. O'Connor, control
ler of the currency, and Walter J.
Cummings, chairman of the Deposit
Insurance corporation.
In general, loans to closed banks will
be limited to 50 per cent of deposits,
thus establishing a 60 per cent max
fmum for payment to depositors. In
some cases, where assets justify, a
somewhat larger distribution may be
possible, but where assets are not
worth 50 per cent of deposits the divi
dend will be less. In some cases, the
White House statement warned, no
dividends beyond those already paid
will be possible.
The division will make loans to
closed banks, tanking over their assets
as security to the ex of the ap’
praised valug of the assets. Thus a
closed bank desiring to liquidate will
not have to sell its real estate mort:
gages and other frozen and semi-fro-
zen assets at bankruptcy prices on the
open market. Instead, these assets
can be held for a market more in line
with their real value, while depositors
meanwhile receive as large a propor-
tion of their tied-up deposits as they
would get If they were forced to wait
for the money,
The plan will be applicable only to
banks closed after January 1, 1033.
IOLATORS of the NRA agree
ment, thousands of whom have
been reported, are facing imprison.
ment and fines, for the President has
issued an executive order directing
that force and prosecution be resorted
to by the recovery administration. He
proclaims that those who are false
to the blue eagle shall be subjected
to fines up to $500 or imprisonment up
to six months or both.
Senator Robert Wagner of New
York, head of the national labor board,
followed this up with a warning to all
industrial groups that heavy fines and
Jail sentences are provided in the
licensing provisions of the recov.
ery act for those who flout the de
cisions of the board and that these
penalties will be enforced when nec-
essary. “There will be no escape,” he
sald, “for the misguided minority who
arise to interfere with every construc.
tive program.” To organized labor,
which seems to many to be seeking
solely Its own advantage, Wagner
said: “The strike should be abandoned
as an Instrument of first resort. In-
dustry and labor eannot co-operate
by means of the strike. Such con-
flict may determine which of the two
contestants is stronger at a given mo-
ment, but It Is merely accidental If it
produces a solution which serves the
best interests of both parties and of
the NHAers"
Ses
HEN Joseph B. Eastman, federal
co-ordinator of transportation,
announced recently that orders might
be placed soon for $30,000,000 in rails
the steel operators wm rs
were greatly cheered J
up. But since study-
ing the conditions un-
der which the orders
would be placed some
of them are not so
happy. C. V. McKalg,
vice president and
general manager of
sales for the Carnegle
Steel company, United y,
States Steel corpora-
tion subsidiary, Is one J. B
of these. He quoted Eastman as say-
ing the order would be placed only if
an “expected” reduction in the price
of steel materializes.
“Such a reduction ls the last thing
the operators want,” sald McKalg. “1
think the present ‘pegged’ price of
$40 a ton is about right. One of the
purposes of the NRA is to assure a
reasonable return to the manufac
torer. From this observation a lower
price now would seem to defeat this
purpose.”
Eastman said the order would put
thousands of workers back in the
mills. McKaig sald the steel mann
facturers already have contributed an
estimated $£100,000,000 annually to the
NRA in the form of Increased salaries.
Eastman
ECRETARY OF AGRICULTURE
Wallace and George N. Peek, agri.
cultural adjustment administrator, an-
nounced that a plan would soon be
put in operation for restriction of pro
duction of corn and hogs. It Involves
the distribution of $350,000,000 to farm.
ers, mainly In the Middle West. and
is designed to take 12500,000 acres of
corn land out of production next year,
cutting the corn crop 360,000,000
bushels and hog production 25 per
cent,
The government will advance the
funds necessary for immediate pay.
ment of benefits to farmers and will
be reimbursed from the proceeds of
processing taxes levied on corn and
pork.
Secretary Wallace also disclosed
that the imposition of a compeneating
tax on beef cattle is contemplated for
the benefit of live stock producers.
The cattle benefit will be determined
by the extent to which the Increased
price of pork switches consumption to
beef,
The administration arranged for the
purchase of approximately 1,000,000
bushels of wheat and completed its
cotton loan program In moves ealen.
Inted to provide resistance to recent
falling prices of the two commodi.
ties, Henry Morgenthan, Jr, governor
of the farm credit administration, an.
nounced purchase of the wheat at six
markels through the Farmers Nation.
al Grain corporation for the account
of the federal emergency relief admin.
istration, which will distribute It to
The purchase of large quantities
of butter for distribution through re.
Hef agencies also was announced,
Secretdry of the Interior Iekes, who
is also ofl administrator, undertook
the first pegging of prices ander the
RA, ordering minimum levels fixed
ofl on
ond. its produsts, effective on
NDUSTRIAL control of trade is now
being tried, with cotton textiles as
the ground for the experiment, under
regulations approved by Administrator
Johnson, From now on no man may
start a new cotton mill without the
approval of Johnson after a commit.
tee of cotton men elected to super:
vise operation of the industry's code
has made recommendations. Not only
that, but no mill owner may Increase
his productive machinery without the
same approval, recorded in a certifi.
cate bearing the industrial adminis
trator's signature,
AX IMMEDIATE embargo on im-
ported medicinal liquors was or
dered by President Roosevelt on evi
dence that such importations had in-
creased sharply In anticipation of pro-
hibition repeal, The President also re
Jected a proposal to permit importa.
tion of beverage liquors in bond pend-
ing the date of legal sale,
NVESTIGATION of the federal hos
pital at Canton, 8, D,, revealed what
Secretary of the Interior Ickes calls
“sickening and Intolerable” conditions
and the confinement
of perfectly sane In-
dians among the in-
sane. Mr. Ickes Is
sued a statement se-
verely condemning
local political and
commercial interests
for preventing the
removal of the sane
patients by obtain-
ing an injunction
y from a Canton court
Sec’y Ickes 4 for bringing po-
litical pressure to bear on officials ef
the Indian bureau in Washington. The
bureau has sought for several years to
close the institution,
“Those responsible for securing this
Injunction presumably are actuated by
a desire to save for Canton the reve
nue that continued operation of the
Institution there means” Mr. Ickes de.
clared. “They appear to be willing
to make a profit out of the degredation
of helpless Indians. They do not ob-
Ject to locking up sane human beings
in an Insane asylum.”
Conditions in the institution were
revealed by Dr. Samuel A. Slik, med]
eal director of 8t. Elizabeth's hospital,
&
request of Secretary Ickes. His re
port, made public by Mr. Ickes de
#cribed the asylum as “filthy, Inhuman,
and revolting.”
RESIDENT ROOSEVELT in an ad-
dress from the White House
opened the four weeks’ drive of the
= —
Washington.—~Almost no one can
talk about Russia, her relations with
other nations, or her
Recognition form of government
of Russia without taking slides,
yet we are hearing
#0 much about Russia these days that
the situation can hardly go unnoticed.
Whether it is right or wrong to recog:
nize the Soviet government and estab
lish diplomatic negotiations Is rather
likely to continue a long time as a con-
troversial question, but there are nu-
merous facts available that are impor.
tant to know. It 18 from that angle
that I propose to examine the question.
Obviously, economic questions enter
Into international relationships what-
ever the problem may be that forms
the focal point at the moment. And
economic questions are to the fore in
the present Russian equation. Out.
standing proponents of Russian recog-
nition, and a great many others who
merely think they are outstanding, are
urging that the United States has suf-
fered Immense loss of ‘trade by the
long delayed recognition. They argue
also that our position of delay has af-
forded other powerful industrial na-
tions to get there ahead of us, to gain
a foothold from which It will he dif.
cult to jar them loose. Because of
recognition being withheld so long,
they contend, other early birds got the
Important worm,
And another thing about which ree
ognition exponents proclaim their fesl
ings Is that our government has been
Inconsistent In {ts foreign policy and
has insulted the people of a great na-
tion by withholding diplomatic rela.
tions from them. They point to that
which Is true, thet the United States
has recognized de facto, or revolution
made, governments throughout the
Central and South American nations
with the very minimum of delay.
Why, they have asked, has our gov
ernment accorded recognition to gov.
ernments In South America where the
Individuals at their heads have been
little, If anything, more than brigands
(racketeers, we call them In our own
Much of the propagands favoring
1033 mobilization for human needs
which Is headed by Newton D. Baker.
He urged that individoals everywhere |
give what they can to local organiza- |
tions carrying on welfare services, in-
stead of leaving it all to the national
government. He re-emphasized his po-
sition that state and local responsibil |
ity come first in the rellef program.
“It Is true,” sald he, “that I have de
clared that government must not let |
any one starve this winter; but at the
same time this policy is based on the
assumption that the individual Ameri |
can citizen will continue to do his and
her part, even more unselfishly than
in the past
“let me stress that a great many |
people will still need the help of relief |
agencies this winter. It Is true that
because of a partial, but I belleve a |
steadily growing, re-employment of the |
unemployed, many families and many
individuals have been taken off the
local relief rolls
“But, on the other hand, the need
of those who are still on the rolls is |
proportionately greater than it was be.
fore, and, in addition to the work of |
direct relief, it is necessary for us to |
continue our support of the permanent |
hospital and welfare services that ex- |
ist In every county and In most eom-
munities”
EW MEXICO has a new United |
States senator in the person of |
Carl A. Hatch, who has been serving |
as district Judge in Santa Fe. He was |
appointed by the governor ts succeed
Samuel G. Bratton,
ITH Florida now on the list, 33
states have voted for repeal of
the Eighteenth amendment, and only
three more states are needed to put an
end to national prohibition. Florida
went wet by a vote of approximately
4 to 1,
G%: ROBERT H. GORE seems to
have regained his prestige In
Puerto Rico. A coalition majority of
union Republicans and Socialists
staged a parade and mass meeting in
support of the government's program,
and the governor, addressing the
crowd, pledged himself to work for
the greater happiness and well being
of the Puerto Ricans.
Part of the plan for the future, Gore
said, contemplates building to prepare
to meet conditions twenty years hence
when the Island, now overcrowded,
would be burdened by a population
double present figures
OVERNMENT forces In Siam
were reported to have suppressed
the Insurrection that was led by a
member of the royal family and for
a time threatened to upset the exist
Ing regime. The rebels who attacked
Bangkok were in flight and thelr lead.
er was among those captured,
y [SLOG to the persuasions of
concesslonaires and business organ
izations, the management of 'A Cen.
tury of IP'rogress In Chleago decided
to keep that great exposition open
until after Armistice day, so it will
not come to an end until midnight,
November 12, Rallroads arranged to
continue their reduced rates, and an
exciting and Interesting program
recognition has had its origin among
nite and discoverable axes to grind.
Bome of It has come as straight as
gandists. That being their job, I think
it Is unfair to criticize them. though
1 disagree with them and their pur
poses, From many students of the sit
the
aims by dirty, sneaking trickery
Being acquainted with a good deal
of the Soviet program to bring about
recognition of their government by the
United States, I took oceasion to look
op the trade records. The figures in
black and white ought to be convincing
They fail to show that any
nation which has established diplomat.
ictator, Stalin, has profited from that
recognition,
* * *
In the case of our own nation. our
ecoimnmerce with the Soviet was virtual
ily on a level with
As to Trade nny of the nations
Results whose diplomatic
representatives were
accredited to the Soviet. Our trade
has gone up or has gone just about
the same as has the volume of those
nations that have recognized the Rus
sian experimental regime, This
that rec.
ognition had nothing whatever to do
with the question. Further, it seemed
to prove that the other nations had
gained no advantage, no foothold, which
our own exporters had not had. To
me, the figures definitely confirmed the
statement made by the former secre
tary of state, Bainbridge Colby, that
recognition had no bearing whatsoever
on trade results,
There are some social and humani.
tarian objections to recognition, how.
ever, that strike me as being worth.
while In view of the history of our na.
tion and the freedom of religious wor
ship which was guaranteed by being
written Into the Constitution. Pres!
dent Roosevelt got very close to the
key In his speech in New York on Oc
tober 5 whei Le suggested that no na.
tion denying ty citizens the right of
religious worship could subsist long.
He intimated a belief that eventually
such a government would find itself
alienated from other peoples, and if
that be true, then Mr. Nooseyelt pre
dicted the ultimate outcome of the
system of which Stalls is. now the
overlord. So It seems to me that In
stead of Insulting the Soviet by deny:
ing, or rather, withholding, recognition,
we Insult our own people when we
take a position that makes equals of
those who destroy all evidence and
rights of religious worship,
Now as to reasons for the lack of
development of Russian trade: the
‘best authorities tell me that Russia
ean export only a given volume of
the several commodities figuring in In
ternational trade, She cannot Increase
that because she has had insufficient
equipment with which to produce, ex
cept by a very slow process. The nat
question to follow, of course. why
sell ber that equipment? To this
reply is simple: who will pay?
hv
D
ans
TERRE |
gh
ni
need
Russia has not the money and she can-
not get the money from outside of her
domain because she nas no credit.
ss » »
1 bad the pleaisurs oi “witnessing
quite an unusual ceremony in the
treasury the other
Unusual
day, and it was so
Ceremony interesting that I
feel it should be de-
scribed in these columns. The treas-
ury had decided to exercise its option-
al right to redeem a portion of the
gigantic fourth Liberty loan. It want.
ed to “call for maturity” approximate-
ly one-third of the issue which now
has a total outstanding in excess of
$0.268,000000, To accomplish
ments of law to be met, and one of
them was a determination of which of
the bonds would be called by a meth-
od of chance.
The great Issue, sold during the
strife and strain of World war days
and on the basis of patriotic appeal,
was not due to mature until twenty
years after its issue, which made It
mature in October, 1038. But when
the government sold the bonds, it re
served the right to call them for re-
it so desired. Money market condl-
bearing a cheaper rate of interest than
the 43% per cent carried by the fourth
Liberty bonds could be sold, If they
could, the government, which means
the taxpayers, could save money on
interest, Hence, the determination to
call a part of the issue and, hence, the
ceremony. It was felt that only a por-
tion of the big issue could be réseld
at this time, so only ene-third of it was
called.
Knowing of the program, 1 went in
advance to the lobby of the undersee-
retary’s office. A iall, wooden ped.
estal stood in the middie of the room.
Atop It was a glass bowl. At the ap
pointed time, an attache of the treas-
urer's office deposited ten envelopes
in the bowl Each was neatly rolled
and held by a rubber band. Each en-
velope carried a formal order directing
the retirement of certain portions of
the issue and stating that interest on
those bonds would cease as of April
sary because the bonds themselves
stated that a notice of six months had
to be given 18 case of rédemption In
advance of actual maturity.
Presently, the tall, dignified, Dean
Acheson, undersecretary of the treas-
ury, entered the reom. There was
much taking of pictures, stills and
movies. Mr. Acheson then reached
inte the bow! and drew therefrom an
envelope. It was opened by Frank
Birgfeld, the treasury's chief clerk.
Mr. Acheson read its contents alond. It
sald that fourth Liberty bonds whose
numbers ended In the digits “9” 0”
or “1” or whose letter designations
were either “J" *“K" or “A" were
called for redemption. That meant
that
into the government or lose interest
on them after next April
cent Interest, so that the saving will
Neurailg 4 Feeling of Weakness
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Loss of Appetite Mouth Acidity
Auto-in
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Tiny Milk of Magy
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Tablets — ome tablet for
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MEMBER M.A.
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Mr. Chas 8. Habn of
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| Scales on
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“My scalp bothered me terribly
and there were scales as big as s
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“lI saw an advertisement for Cuti-
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Ointment
the bonds called total $1.875,000,000,
German,
Hitler, assanlts
Germany
Irritates
made to punish the offenders, but 1
think It Is po longer a secret that the
Washington government is not at all
satisfied with the way Hitler and his
cohorts are treating citizens of other
nations. Indeed, 1 believe 1 can see
signs that the Washington administra.
tion is growing a bit “cold” on Hitler,
himself,
The Incident may or may not pro
duce anything. It Is possible that the
secretary of state may take that
step. as bold as It is rare, of issuing a
proclamation that the United States
cannot guarantee the safety of Amer.
jean citizens In Germany. The best
judgment I can obtain Is that this
stage will not be reached In the eon
troversy. Because, to make such a
declaration is an action between na-
tions as bitter as applying the short
and ugly word to an individual. On
the other hand, attention must be
called to the latent dangers in the sit
pation and one must consider as well
that Hitler is playing a far-flung game.
To Washington observers, the early
advices In response to Mr, Hull's order
to check up on punishment of storm
troopers who have assaulted Ameri
cans have meant nothing but that the
Nazi chieftain was dodging the issue
When his foreign office sald “efforts
were being made” to catch the offend
ers, the corps of students of the sit
uation here immediately ejaculated
that slang. but quite effective, ex
pression: “Oh! Yeah” For It is to
be remembered that Mr. Hitler has
complete domination of Qa=—n affairs.
and that under conditions where the
dictatorship i= so completely in con
trol, there ought to be little difMculty
in putting an end to the condition of
which Mr. Hull complains, E
©. 1933, Western Newspaper Union.
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