»
OUND money advocates were rather
dismayed though perhaps not sur
prised by the sudden shift of treasury
officials that has taken place in Wash-
osnasisees ington, Secretary
Woodin, still suffer-
ing from the throat
affection that has
troubled him all year,
sought to resign, but
President Roosevelt
Instead gave him an
indefinite leave of
absence. Dean Ache-
son then, at the Pres.
ident's request, re
signed as undersecre-
tary of the treasury
and Henry Morgen-
thau, Jr. was appointed to succeed
him, thus becoming actual head of the
department during Mr. Woodin's ab-
sence. The Inference drawn, and It is
Inescapuble, is that now the treasury
will be dominated by inflationary pol
cies designed to ralse prices for the
benefit of the farmer,
Mr. Morgenthau, long a close friend
and adviser of Mr. Roosevelt, is one of
the Cornell university group that In-
cludes Prof, George F. Warren, co-
author of the gold buying plan
So far as known Mr. Morgenthan
has never advocated currency infla-
tion via the printing press. As gov.
ernor of the farm credit administra-
tion he has been more conservative
than many farm leaders wonld have
liked him to be, His main concern,
however, Is for agriculture and his as
sociations are with men who have de
veloped radical and Inflationary ideas
for meeting present conditions.
The new undersecretary is a farmer
and a farm publisher. He owns a
large fruit and dairy farm in Dutchess
county, New York, where he special
izes In raising pure bred Holstein cut-
tle and Red Mackintosh apples. He
became Interested in agriculture as a
boy when he spent considerable time
on ranches in the West. On gradua-
tion from high school, he attended the
agricultural college of Cornell univer-
sity, to equip himself for scientific
farming. During the World war he
served as a lleutenant, junior grade,
in the navy. His father was chalrman
of the finance committee of the Demo-
cratic national committee during Wil
son's first term and held numerous dip-
lomatie posts, Including ambassador to
Turkey.
Mr, Acheson's retirement, according
to observers In the National Capital,
is likely to be followed before long by
the resignations of others not In ac
cord with the gold purchase scheme,
these Including Prof. O. M. W. Sprague,
financial adviser of the treasury; Di
rector of the Budget Lewis Douglas
and Gov. Eugene Black of the federal
reserve board.
Mr. Woodin announced that he
would go to Arizona In search of re
newed health and that he would ae
cept no salary from the government
during his leave of absence, The be
lief 1s general that he never will re-
turn to his post,
Henry Mor.
genthau, Jr.
OVERNORS, mayors and relief ad-
ministrators In large numbers
gathered in Washington to pledge as-
sistance In the government's drive to
put 4000000 persons back to work
within 8 month, and President Roose
velt told them that relief of the needy
must not be made a political football
Bald he:
“Your national government Is not
trying to gain advantage one way or
the other out of the needs for human
relief. We expect the same spirit on
the part of every governor of the 48
states, and we expect the same spirit
on the part of the mayors and relief
administrators,
“We would like to have a rule that
everyone associated with rellef work
never ask whether a person needing
assistance be Democrats, Republicans,
Socialists or anything else”
Mr. Roosevelt described his gigantic
employment venture, which will be
engineered by Harry L. Hopkins, relief
administrator, as a “partnership be
tween the United States, the states
and local governments In which ail
are expected to do thelr share”
“The effort we now are engaged in"
he sald, “is to put 4,000,000 people on
the job so that we can honestly say
this winter is not going to be lke
last winter or the winter before. At
least half of the 4.000000 are now
on what we call a dole. When people
are on a dole something happens to
them mentally, The sooner we ean
take them off the dole the better off
we will be.”
Expenditure of $400,000,000 for the
work projects on which the 4,000,000
will be engaged, the President sald,
would not add to the financial burden
of the country.
“We are going to take thls money
out of the public works fund, but It
means putting the money to good use,”
Mr. Roosevelt explained,
DETERMINED to give the mone
tary plan of Professors Warren
and Rogers a full chance to work out,
the President, It was stated anthost.
tatively, will not change his policy at
present. If It falls, he stands ready
*
to turn to devaluation of the dollar
and return to the gold standard. In
its first three weeks the program of
buying gold at premium prices at
home and abroad ralsed the price of
gold considerably, and the sponsors
of the plan assert it also has been re
sponsible for the rise of 4.1 per cent
in commodity prices.
The “committee for the nation”
whose ideas are largely embodied in
the present monetary program, now
has a rival organization, known as the
“committee on monetary policy.” It
was formed by 26 business and Indus-
trial leaders of Chicago who Indorse
the stand recently taken by a group of
mid-western university professors
against tinkering with the monetary
unit. The new committee thus sets
forth {ts policy:
“1. Recovery can be achieved only
through an Increased volume of busi
ness, which Increases wages and the
whole national income,
“2. The fundamental condition for
an Increased volume of business Is
confidence In the dollar and In the na-
tional credit, and a reasonable ex-
pectation of profit for Individual enter.
prise, In Industry, in trade, and In ag-
riculture,
“3. Confidence In the dollar and In
the national credit demands that cur-
rency experimentation be abandoned,
and that depreciation of the curreucy
be stopped before it gets out of hand.
“4. A higher price level is desirable
only If accompanled by increased in-
come—for farmers, wage earners and
business men, big and little—and this
cannot be achieved by manipulation of
our currency.
“8. Further depreciation of the dol
lar by government action is the road
to printing press money, which means
the further disorganization of agricul.
ture and Industrial production, and
the ultimate impoverishment of the na-
tlon—of its wage earners, its farmers
and of every Individual citizen, debtor
and creditor alike,
“6. An announced determination to
return to a fixed gold standard, giving
effect to current needs and experience,
Is Indispensable to elimination of un-
certainty and to the restoration of
confidence in the dollar.”
\ ITH the earnest, not to say
'¥ eager, assistance of William Bul
litt, special assistant secretary of
state for Russian affairs, the conver
sations leading up to
recognition of the So-
viet government pro-
ceeded in . Washing
ton. But because the
matter was so com
plicated, and because
President Roosevelt
insisted on discussing
with M. Litvinov the
issues previously cov
a Si ered In the State de
partment by Under
W. C. Bullitt oo retary William Phil
lips, the negotiations went into anoth-
er week. The expectation was that
they would be concluded before the
President left Washington for his
Thanksgiving holiday In Georgia, but
Mr. Bullitt said that while this was
possible, the business might take long-
er. It appeared Mr. Roosevelt was
not satisfied to let the matter of eco-
nomic relations and the question of
the Russian debt to Americans go over
until after formal recognition,
Senator H. D. Hatfleld of West Vir.
ginia, one of the few Republican seh-
ators who has been bold enough to at-
tack the NRA, also has come out
strongly against the recognition of
Soviet Russia, but rather ridiculously
he bases his objection mainly on the
ground that the Russian Communists
are atheists,
Further on in his argument the sen.
ator becomes more rational, saying:
“Is our trade with Russia to be
financed by the American government?
If so, what are they golng to pay us
with? Are they to pay us In goods?
Then, that means displacement of so
many Americans from present and
future jobs. Are they to pay us with
money obtained from exports to other
nations? If so, then they displace by
so much our exports that formerly
went Into these markets.”
PRESIDENT ROOSEVELT left the
Chpital for his Thanksgiving holiday
at Warm Springs, Ga., and Ambassa.
dor Sumner Welles came up from Ha-
vana to tell him personally about de
President Grau's supporters are bit
terly opposed to Mr. Welles, and Sen.
ator Willlam H, King of Utah has
asked the State department to with.
draw him from his post, It seems cer
tain that the ambassador will remain
there indefinitely,
JEP WARD N. HURLEY, an eminent
manufacturer and financier of Chi-
eago who was chairman of the United
States shipping board during the war,
died suddenly of leukemia compli
cated by pneumonia, :
demands of Chancellor Hitler for
support of his foreign policies. Nearly
forty-three andone-half million persons,
or 96 per cent of the electorate, went
to the polls, and of this vast number
only a few more than two million
voted “no” to the question submitted
to the plebiscite:
“Do you approve the policy of your
gevernment and are you ready to ree.
ognize It as an expression of your own
view and your own will and solemnly
pledge yourself to it?”
The voters elected 661 members of
the new reichstag, and all of them had
been picked by Hitler, But this was
not remarkable, since no name not so
selécted was permitted on the ballots,
worked hard to get out every vote,
and their success was extraordinary.
EPRESENTATIVE DICKSTEIN of
New York and his house commit.
tee on Immigration and naturalization
arrived in Washington and began
thelr Investigation of alleged Nazi
activities In the United States,
ERMAKY having taken (itself
out of the disarmament confer
ence, Italy now announces it will par
ticipate as. an observer merely, and
the Hungary effectives committee says
it will maintain a like attitude. More-
thing approved by the great powers
since July 15, when Germany accepted
the original MacDonald plans as a
London and Paris agreements and the
plan which Sir John Simon offered
the day Germany left the League of
Nations, Observers In Geneva were
forced to the conclusion that the dis-
armament conference in
form was doomed to fallure,
NTERESTING, whether true or not,
was a copyright story in the New
York Dally News to the effect that Al
Smith's visit with President Roose
velt at the White House concerned
these shifts and
signed to overcome the advantage
gained by the fusionists In the New
York election:
1. Resignation of Willlam H. Wood.
in as secretary of the treasury and
the appointment of John J. Raskob as
his successor,
a Resignation of Jesse Isidor
Straus as United States ambassador
States Senator Royal 8 Copeland as
his successor,
8. Appointment by Governor Leh
man of Al Smith as senator to take
Copeland's place,
4. Designation of Postmaster Gen
eral James A. Farley as the next
Democratic candidate for governor of
New York.
REAT BRITAIN is alarmed by the
naval bullding programs of the
United States and Japan, and the gov-
ernment announced in the house of
commons that It Intends to bulld
larger warships within the limits of
the naval treaty of 1030,
(GUoRGE W. NORRIS, the veteran
to stand for lots of abuse in the past
because of his determined advocacy
of policies that didn't
suit others, but of
late he is coming into
his own. On the cam.
pus of the University
of Illinois at Urbana
the other day he re-
ceived from the hands
of Governor Horner
the
was given the medal because of his
contributions “In human welfare In
half a century.”
State Representative David Shana-
han read the citation, as on all pre
vious oceasions, and addresses In
were made by United States Sena-
tors James Hamilton Lewis and W.
H. Dieterich.
Previous reciplents of the Cardinal
Newman medal have been: Francis
Illinois; Patrick Henry Callahan,
Louisville, Ky., and Frank B, Kellogs,
St. Paul, former secretary of state,
(ONIROLLER GENERAL JOHN R.
and Independent officials of the gov
ernment, got into the headlines twice
within a few days. First he put an
end to the NRA boycott against Henry
Ford by informing the secretaries of
agriculture and commerce that bids on
equipment by Ford dealers must be
received. This decision was held to be
broad enough to forestall further at.
tempts to keep government business
away from dissenters to the NRA, so
long as the latter comply with the
terms of the codes. The controller
general pointed out that nothing In
the national industrial recovery act,
and nothing In the code for the auto
mobile manufacturing companies, re-
quires that units of the Industry must
sign anything.
A day or two later Mr. McCarl ruled
that William E. Humphrey, deposed
federal trade commissioner, no longer
is entitled to the salary of that office
missioner. Salary In the amount
$04.44 covering the period October
am
National Topics Inter
Washington. —With the farm strik-
ers still threatening mischief and
with some labor agi-
tators continuing to
make disturbing mo-
tions, officials of the
government, wherever they can con-
| tact people, are counseling patience
more than they ever have since the
gloom of the depression settled over
us. It is undoubtedly true that the
great bulk of the American people
want to see a proper and final solu-
tion accomplished for the economic
troubles In which the nation, and the
world, too, finds itself. But it does
no good to hide one's head as an os
trich does and insist that there are no
conflicting Interests that are danger.
ous, They exist, and they are virile
and they may eause serious trouble,
{| Hence, the government policy of ask-
| Ing those who want to help to be pa-
| tient.
As nearly as I have been able to
| arrive at the base of the present erop
i of conflicting Interests, 1 belleve much
| of the current trouble results from a
lack of understanding of the basic
problems. It seems to be undeniably
| true, also, that there are certain indi.
viduals or groups of individuals who
do not want to understand the situa.
tion. They want to use the bad con
ditions to further selfish ends of their
| own and they are of the type who will
| deliberately and carefully plan to mis-
lead whosoever they can enlist as fol
lowers, Unfortunately, my research
i discloses that there are many follow.
| Ing such leadership who are doing so
| blindly.
There seems to be searcely a single
| official of the government but who holds
| the view that such leadership will ac
i complish anything but self-destruction
of a majority of the followers of those
ure-all doctrines. That sort of thing
never has accomplished anything in all
istory, and there seems to be no
ground for believing there will be any
other result this time,
Unfortunately as it may be, In our
| rush to get back to what we call pros
| perity, some groups have
Jealous of other groups and Interests
This jealousy has been translated in
| to action In numerous Instances. 1
do not say that Jealousy Is the cause
of all of the troubles, but Inbred sel:
fishness of one kind or another to
| gether with personal motives of an ul
| terior character can surely be sald to
be the general foundation for all of
them,
Jut the natural question is: why
should the situation be one permitting
existence of such diffieuities as the
farm strike and labor troubles? The
| answer seems to me to lle In a law
{ with which none of us had anything to
{ do, namely, the age-old law of supply
and demand. Just as none of us had
anything to do with framing that law,
none of us is going to be able to amend
it or change It. Farm strikes, labor
strikes, capital shirking, hoarding of
money, none of these things can ac
complish the purpose. Indeed, the
only way that we can get back to
something like normal conditions is by
| pulling together, That is why the
government Is urging everyone to be
patient within reason.
. * 0
I am indebted to Secretary Wallace,
of the Department of Agriculture, for
an expression that
|» Mast Pull seems to fit the pic
ture better than any
Together I have heard. He de
| scribed the condition as one requiring
a two-horse team to pull as forward.
By that phrase, he meant that pro-
ducer and laborer must pull together.
| If one of them balks or is unhitched,
| the load simply stops. That is all
there is to It.
Let us analyze the necessity for
pulling together which the government
so strongly urges upon us, If all of
| the cobwebs are swept off of the ple
| ture, It seems to me to be fairly clear,
and surely there is no point In becom
| Ing more confused as to what the need
is or what may be done about It or
| why things move slowly,
After some research into the fleld
of figures, I cannot escape the con-
clusion that there Is an absolute and
positive relationship existing between
the money pald to labor and the money
received by the farmers. There ls,
therefore, a necessity for the farmer
and laboring man keeping in step, If
one gets a step ahead, the team Is not
pulling and conditions grow worse.
It really does not matter whether it
is the labor-horse or the farmer-horse
that moves too fast; the result all
through the history of modern econom-
fes has been precisely the same, and,
thus, too much selfishness on either
side causes trouble
The government has collected stat.
istics that provide a most Interesting
proof of the statement I made above
that there must be absolute
work. For example, those figures show
that gross income of agriculture and
pay rolls of factories have been
Urge
Patience
become
Ld]
/ TEE re
SA
[IT
=D]
each was between nine and ten billions
in 1030, There was a further decline
in each In 1081 and the totals were
about seven billions. Last year, as
nearly as accurate records can be ob-
tained, gross farm income was about
five billions and labor's wage through
factory pay rolls was just about the
same,
From these statistics, compiled year
after year, the government has devel
oped what the statisticians call an in-
dex. It Is a yardstick, a basis, for
measurement, From this index | learn
that gross farm income is just about
half what can properly be called nor-
mal (an Index figure of 100), while la-
bor Is receiving a total only about 58
per cent of that normal amount,
* ® ®
jut to get back to those conflicting
interests. Everybody who makes any
thing or grows any-
Recovery a thing, in short, every
Slow Process producer, wants to
gei as high a price
as he can for anything he sells. It
hands and sell thelr services,
who sell want as high a price as they
low a price as they can force,
wage Is not high enough and that its
too high.
this,
Farmers get wrought up at
demanding so much.
urged. In the first instance,
not be made an accomplished fact over.
night. It Is a slow process, and it
seems slower than It is
to take such a long time for benefits
to reach the man in the street after
conditions and among the so-called key
industries. But It is to be remem-
bered that when the depression took
hold, there was a shrinkage In Income
of those who had put their monéy into
great had Invested
them in stocks and bonds or tangible
property quite a while before the shock
was felt by the man in the street
. "0
the factories or
Washington observers are expecting
ginia
a mite of a man, but that
apply to his mental eapacity.
moreover, a
greatly concerned
pleces of legislation.
does not
He Is,
about
will see the tozzled red head from Vir
ginia very much in evidence on the
senate floor,
. . .
Sometime In the foture when the
next generation has grown to matur-
ity, the users of
CCC Doing lumber, and that Is
about all of us, will
Useful Work look about them and
observe fine growing timber awaiting
the ax of the woodsman., The picture
before them will be the matured re
sult of a program about which Presi-
dent Franklin D. Roosevelt dreamed
before he was elevated to the highest
office in the land. Whether one agrees
with the expenditure of public funds in
this manner or not, none can say that
his reforestation program will not pro-
duce lumber for the future, and none
can say that It will not be sadly need-
ed by the time the saplings now belng
planted have developed to the point
where they are ready for use
Mr. Roosevelt started out In execu
tion of his reforestation program as
a means of alleviating onemployment.
He proposed that congress create the
civilian conservation corps so that up-
wards of three hundred thousand un-
employed men might be given work
that was of a character of which they
would not be ashamed. He believed
the money paid te them would reduce
suffering among their families and, if
not among their families, would take
that number of men off of relief rolls
or lift them from the almshouses,
And such it has proved to be to the
extent of some two hundred thousand
families and about one hundred thou-
sand Individual men,
They are working; they are clothed
well and they are fed well Their
morale is high, according to all per
sons who have visited the conserva-
tion camps. The men feel that they
are not a burden on society, for the
work they are doing Is useful. Conse
quently, it is the view of those with
whom I have discussed the corps that
these men feel life to be worthwhile,
1 was reminded of the scope of the
conservation program, the tree plant-
ing plan, the other day when one of
LAND SET ASIDE
FOR SOLE USE OF
FEMALE NIMRODS
Connecticut is trying out a new
experiment In feminism by setting
aside 300 acres in the Farmington
valley for women who wish ‘o hunt
game, Last year a woman game
warden was appointed and a trout
stream was reserved for women
anglers. Now they are encouraged
to try their hand at such game as
Connecticut yields—rabbits, quail,
and perhaps a groundhog now and
then. Deer may not be killed In
Connecticut, and bears seem to have
disappeared, although they are to be
found In Vermont, New Hampshire
and Maine.
One peculiarity of the Connecticut
plan is that women are permitted to
shoot throughout the 55,000 acres of
publie shooting grounds, while men
are excluded from the feminine pre-
serve. Is this the beginning of a
new deal, to culminate in the elim-
ination of man and the development
of female Nimrods holding a monop
oly of hunting In the Nutmeg state?
The authorities say uo: they merely
suggest that women are backward
hunters, and that the special pre-
serve will encourage them to become
good shots, The warden, Miss Edith
Stoeher, will be on hand to furnish
clay pigeons to amateur gunners, and
they will be Instructed in the game
laws, “so that they will know which
kinds of game protected, and
do not blaze’ away wildly at any-
thing that comes within range.”
Naturally, preserve set aside
irresistibly
tempting to male hunters, but for the
danger of being mis cen for wild
game, If they they will
keep out of this preserve until the
women learn how to handle firearms
and to withhold t t
see thelr t
in the hi
is notoriously =a
Washington Post.
HOW TO FIND UT
IF YOU HAVE
ACID STOMACH
EE ——————— EE
HERE ARE THE SIGNS:
Nervousness Frequent Headaches
Neuralgia Feeling of Weakness
Indigestion Sleepleseness
Loss of Appetite Mouth Ac idity
Nausea Sour Stomach
Auto-intoxication
are
the
for women would prove
are wise
WHAT TO DO FOR IT:
TAKE 2 peaspoont uls of
Phillips® Milk
ness in 2 glass of water
rrang when you
Take another
ful 30 minutes
ng. And another
3 £0 to bed,
OR—~Take the new
Phallips” Milk of Magnesia
Tablets «one lable! for
each tesspoontul as di
rected above,
If you have Acid Stomach, don’t
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directions fjiven above. This small
dosage of Phillips’ Milk of Magnesia
acls af once to neutralize the acids
that cause headache, stomach pains
and other distress. Try it. You'll
feel like a new person.
But—be careful you get REAL
milk of magnesia when you buy—
genuine PHILLIPS' Milk of M
pesia. See that the name “PHI
LIPS'” is on the label,
ALSO IN TABLET FORM
Each liny tablet is the J
Syuivaleot of 2 teaspoonful &&
Genuine Phillips’ Milk
of Magnesia,
MEMBER N.R. A,
Phillips’ Milk of Magnesia
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