}
I~
ILVER has come back. By execu-
tive order of President Roosevelt
it is remonetized In the United States
and will be coined on a large scale,
Formally ratifying
the London confer-
ence agreement and
exercising the powers
given him by the in-
flation amendment to
the farm adjustment
act, the President di-
rected all the federal
mints to accept for
coinage all gilver
mined hereafter in
the United States or
. its possessions, up to
Pittman 24,000,000 ounces a
year, at a price of (4% cents an
ounce, This is to be in force for four
years,
The government split the present
legal price of $1.20 an ounce for sil-
ver in half in reaching a purchase
figure which is 19 cents an ounce
over the present open market.
“This proclamation,” the President
wrote, “In accordance with the act
of congress, opens our mints to the
coinage of standard silver dollars
from silver hereafter produced in the
United States, or its possessions, sub-
ject to the depositors of such silver
surrendering to the government one-
half of it as seigniorage and to cover
all usual charges and expenses. The
dollar coined from half of such newly
mined silver will be returned to the
depositor. The half surrendered to
the government will be retained by
the treasury.”
Mr. Roosevelt, in ratifying the
agreement, pointed out that such ae-
tion already has been taken by the
government of India and that other
nations concerned were ready also to
act,
Most jubilant of al! public men
over the President's action was Sena-
tor Key Pittman of Nevada, who, as
a delegate to the London conference,
took a leading part in drawing up
the silver agreement. He foresees
greatly increased export business as
a result of the move because the buy-
ing power of the silver-using
tries of Far East, especially
China and India, is lifted by about 50
per cent,
Senator Pittman
the new order
the treasury about
of silver, to coin one-half of it and
deliver it to
Senator
coun-
the
the
to take
said
wottld be
24.000 006)
effect of
into
ounces
he owner or depositor
of the silver. The other 50 per cent
will be retalned as bullion in the
treasury. It is his expectation that
the new order of the White House
will give great encouragement to the
silver mining regions of the West,
Surplus Hellef
Bem the federal
corporation and the agricultural
adjustment administration have been
purchasing commodities for the relief
of the idle, and thereby economy and
efliciency have suffered. Such pur-
chasing operations hate now been con-
solidated in the Surplus Relief corpora”
tion,
The administration also was com-
pleting plans for utilizing the Surplus
Relief corporation as a device for re
tiring millions of acres of submarginal
lands from cultivation. The work is
being directed by Rexford G. Tug-
well, assistant secretary of agricul-
ture, and it is planned to use funds
of the public works administration to
purchase the economically unprodue-
tive areas,
FFICIALS of 21 rallrond unions
met in Chicago and adopted a pro-
gram of desired legislation that In-
cludes a six-hour working day for the
million or more railway workers in the
country as a means of Increasing em-
ployment.
A. F. Whitney, president of the
Brotherliood of Railway Trainmen,
who acted as chairman at the meet-
ing, estimated that a six-hour day
would cost the railroads of the coun
try $300000,000 annually. The rall-
roads themselves have estimated the
probable cost at twice that amount,
he admitted,
AFTER receiving a report from an
investigating committee headed
by Robert 8. Lynd, the consumers’ ad-
visory board of the NRA recommend-
ed the establishment of a consumers’
standards board that would be charged
with the development of means of en-
forcing accurate labeling. Among the
articles named as needing quality grad-
ing are gasoline, razor blades and chil
dren's shoes, Legitimate industry, in
the opinion of the board, is encounter.
ing destructive competition from un-
ethical producers who are reducing the
quality of their products to fill the gap
in their profits caused by enforcement
of NRA wage and employment stand-
ards,
Administrator Hugh 8, Johnson was
busy trying to clear up the situation
concerning the cleaners and dyers.
Many In this Industry had been cited
for prosecution for refusing to com-
ply with prescribed minimum prices.
The cash-andwcarry eleaners contend.
ed these prices were so high that thelr
business would be rulwed,
Johnson defended the prices pre-
scribed as “reasonable and fair for the
quality of cleaning which the publie
has the right to expect,” but conceded
that “there is some demand for lower
“Accordingly,” he continued, “clean
ers who wish to maintain higher prices
and higher standards, may join with
the President to continue the minimum
prices originally approved and such
cleaners will be given the right to dis-
play the blue eagle with appropriate
insignia yet to be decided on, Indleat-
ing they are maintaining higher qual-
ity and higher prices.”
HAIRMAN FLETCHER and his
senate banking subcommittee re-
celved a report in which were listed
several million dollars in Insull
curities and German bonds among
7.000 items of collateral held by the
Reconstruction Finance corporation op
the famous $00,000,000 loan to Charles
G. Dawes’ Central Republic Bank and
Trust company of Chicago.
Members of the committee refused
to make the report public, but sald it
showed the outstanding balance of the
loan ($62,000,000) was covered by the
collateral under the corporation's es
timate of present value. They sald
the value of all Insull securities held
as collateral was not totaled, but one
member estimated it at from $8,000,000
to £0.000.000.
In addition, committee members sald,
the collateral included several million
dollars of foreign securities, among
them many German federal and state
bonds,
The loan was made In 1832 shortly
after General Dawes retired as head
of the R. F. C. to take the chairman-
ship of the bank. It was sharply criti.
cized by members of congress and was
made an issue of the Presidential cam-
paign.
Ree
ENATOR HUEY P. LONG, the Lon
LU isiana “kingfish,” may be nearing
the end of his rope. The latest news
about him is that the administration
r has decided upon his
prosecution on the
often heard charges
of evasion of Income
taxes. When Mr. Hoo-
ver was President an
investigation of his re.
ceipts, as well as those
of his polit
ates in Louisiana, was
cal associ-
because the
! ial election
Senator Long was near, Now this
inquiry has been resumed,
of the Internal department
seeking to find out whether Long re
ported in his income tax schedules all
the sums he received both as governor
of Louisiana and as United States
senator. In Washington it is held vir.
tually certain that this action has the
approval of President Roosevelt
Huey himself professes not to be
worried. “That matter was scheduled
to come up now,” he sald to an inter.
viewer. “It has been up 750 times be-
fore, and always comes just before
congress meets. I am not interested.”
Long's power In his home state is
fast waning. In the first place, he has
been unable to obtaln any recognition
in the matter of federal patronage.
And the senate committee's investiga
tion of the election of Long's col
league, Senator Overton, uncovered a
most unsavory mess, the odor of which
offends Louisiana folk. Only a few
days ago Mayor T. 8S. Walmsley of
New Orleans announced that he had
definitely broken with the “kingfish™
and others of his prominent adherents
have followed suit.
the agents
revenue
EALTY and personal property
taxes, for state purposes, have
been abolished by the state govern.
ment of Illinois. The step was taken
after state officials decided a 2 per
cent fax on retail sales, with perhaps
some help from liquor taxation, would
be adequate to replace the £35,000.
000 levied annually in recent years on
general property.
This action Is notable as the first
complete substitution of a sales tax
for property taxes any state has
made, It will result in a saving rang-
ing from 7 to 10 per cent to property
owners. Gov. Henry Horner, State
Treasurer J. C. Martin and State Audi-
tor Edward J. Barrett comprise the
board that abolished the tax,
HE Pan-American conference in
Montevideo came to a ecloge, and
Secretary of State Cordell Hull, as
he departed for home by way of
Buenos Alres, said: “My most endur.
ing remembrance of the conference
will be the beautiful patriotism, the
patience, and the statesmanship of the
Bolivian and Paraguayan delegates in
the midst of delicate and anxious prob.
lems,
“The tasks were unspeakably dim.
cult, but the good will toward peace
which both have shown has been su.
perimposed upon differences, and they
offered the world an example of how
powerfully a will for peace can con.
quer apparently insuperable obstacles.”
AJ. Gen, Edward I. King, U, 8, A,
commander of the Fourth corps
aren; dled suddenly In Atlanta, Ga.
He was a graduate of West Point’ and
served In France during the World
war, earning many decorations, He
also fought In Cuba In the war with
Spain,
EPEAL of prohibition has by no
means silenced the WW, C. T. U.
From its headquarters In Chicago
comes this statement:
“The first fortnight of liquor's legal
return in the 24 wet states includes
some unnoted but mevertheless sig-
nificant developments that thoughtful
citizens can scarcely afford to ignore.
“The results may be epitomized as
follows:
“1. For the first time in 14 years
approximately 50,000,000 American cit-
izens, including fathers and mothers,
and nearly 15,000,000 young people.
have been made the legal target of
high pressure liquor salesmanship.
“2. In consequence thousands of
American homes are suffering today
from the direct results of the return
of legalized liquor,
“3. Thousands of young people in
these opening days of ratified repeal
have taken the first serious step
toward dissipation amid the flashing
lure of the modernized barroom ap-
peal.
“4. Thousands of men and women
have returned to their business with
Judgment impaired, efliclency dimin-
ished, liability to accidents Intensi-
fied, pockets depleted and nothing to
mouth and a memory of seared ideals,
“5 Millions of dollars have already
since repeal been diverted from
mediate tragic needs of charity and re-
lief, to the till of the liquor seller and
the cash drawer of the brewer an dis-
tiller.”
For the present, however, this is as
a volce crying in the wilderness,
RESIDENT DE VALERA'S govern
ment in the Irish Free State sos
tained a severe reverse when Justice
iyrne of the Dublin High court re
leased on a writ of habeas corpus Gen,
Owen O'Duffy and Capt. John Sullivan,
leaders of the United Ireland party
and the Blue Shirt movement. They
had been arrested at Westport under
the public safety act,
Justice Byrne, In
decision, said:
“1 can only come
that O'Duffy was
was speaking to persons
wearing a blue shirt, That is the only
reasonable inference to be drawn from
I do not accept the police
story of the arrest
the true explanation
announcing his
to the conclusion
arrested because he
some
he facts
superintendent's
on suspicion as
of the case.
“So far as
there Is no evidence why he was ar-
rested and his detention is lllegal
far as O'Duffy is concerned, I am als
satisfied his detention is unlawful’
“We are teaching the
to respect the Iaw.™ sal
O'Duffy, as he left the prison.
Blue Shirt movement is perfectly law.
ful and constitutional and will go on
to victory. 1 anticip there
will : interference with
Blue court vin-
Sullivan is concerned
he
don't ate
any more
Shirts after the high
”
: .
00.
be
dicat
HINESE Nat
bombed Foochos
where Communists were
and in the process d
church and other proj
American board m
Chinese were killed
or other foreigners were injured,
tionalist then took
sion of the Fooclhiow forts,
but no Americ
Na
gunboats posses
ESSE H. JONES,
«7 Reconstruction corporation,
Heves the rallroads will
financial assistance fre
ment during 1034, He
said that the govern.
ment either through
the corporation
some other agency
would have to help re-
finance the security is
sues that become due
during the year, Sev.
eral rallroads already
have discussed
be
need further
wm the govern
or
the
matter with the cor
poration, among them
the New York Central, Jecse H. Jones
which has a maturity of $48.000,000
due May 1.
mated that the larger maturities total
ities probably will add another $100.
ditures for the year far higher. Jones
mentioned a figure of £2.300.000,000,
corporation to advance half of the ma-
turities, planning to pay a portion of
the bond issues in cash and the re
mainder with new bonds,
ECULIARLY atrocious was the
murder of Archbishop Leon Ton
rain, head of the Armenian church in
America, as he was attending service
in a New York church. He was
stabbed to death presumably by mem-
bers of a group opposed to the Soviet
regime in Armenia, ‘The assassins es
ecaped from the church, but a number
of suspects have been arrested,
D HOWE, known as “the sage of
Potato HILL" is eighty-one years
old, so he Is retiring to enjoy the lels-
ure he always has desired. It was an-
nounced at Atchison, Kuan, that
Howe's Monthly, for 22 years his per
sonal organ of “indignation and Infor.
mation,” has discontinued publication.
The veteran Journalist and philosopher
is spending the winter in Miami, Ma.
RANCE'S worst railroad disaster
made Christmas a time of mourning
instead of joy there. Two hundred
and one men, women and children per-
ished when the Paris-Strashourg flyer
crashed Into the Nancy express at full
speed at Pomponne, about 15 miles
from Paris. The accident happened
during a dense fog. In the number of
dead this disaster was second only to
one at Gretna Green, Scotland, In
in which 227 persons were killed,
15, 4 1934, Western Newspaper Union.
TIT
ain
TI]
eb
Washington.—Congress convenes on
& January date, for the first time In
our modern history.
Congress 1t meets at that
Under Way time pursuant to the
provisions of a con-
stitutional amendment that was added
to our Constitution chiefly through
the efforts of Senator George Norris
of Nebraska. Senator Norris popular.
ized the idea by calling It a “lame
duck” amendment. He argued early
and late that a member of congress
had no right to sit In representation
of his state or district after he had
been defeated at the polls.
Which may or may not be the cor-
At any rate it has hap-
pened, and a new congress is under
way. Where It {8 headed as a part
alone
things,
plain,
President
can tell, There
however,
One of
Roosevelt is
Are cer
that are per-
them is that
following a
In other words, the President
have planned a program
that will prevent any snowballs from
getting started down hill,
> . a
one hears
Reasons for dis
As the session gets going,
plenty of rumbling.
jut they can be concentrated sudden.
ly. At least that is the record of dis-
gruntied other years.
Mr. Roosevelt and his advisers and his
leaders In congress know it and,
everything has been done and is being
uttered. If
should be ax issue devised or
which
congresses of
hence,
done to keep the firing s«
on buik of senators
tatives agree In opposi-
Chief Executive, there will
administra-
tion. Republicans, you know, are not
going to pour oll on troubled waters.
They play politics, too,
Looking over some of the possibill.
ties of trouble, one ebserves such
life of
corpora-
revision
extension of the
Reconstruction Finance
banking legislation or
control laws,
the
corporation that sells its shares of
it its financial status, re
1 »
legisiation in its vari
others of no less con-
sequence, observers are
these contains
igton
one of
t may lead to a break be
8 and the President. But
g that Mr. Roose
band and that
members of the
ise who will take the bit
in their teeth,
CE
velt holds
here are
I said a moment ago that Mr. Roose-
veil's course was almed to prevent the
molding of a snow-
ball, for it is a physi-
cal that once a
snowball starts, it
gains both in momentum and size.
This largely explains the action of the
President in proclaiming the London
conference treaty on silver buying In
effect just when he did. The plan for
Silver
Buying
fact
|
|
|
{
i
i
i
i
i
{
t
1
get the benefit of the silver purchases
by the government. It means a profit
for them that they have not had In
half a dozen years. It is quite obvious
that they won't become rabid support.
None of the observers here seem to
purchasing and coinage order is out-
gram. They are agreed, however, that
sald, there was no assurance hereto.
fore that the present session of con
gress would not enact straight-out in-
flation legislation oa its own responsi.
bility.
- * . »
And while the discussion centers on
congressional possibilities and poten.
tialities, it seems proper to call at
tention to a battle that has started on
the outside, but directed at congress.
I refer to the revival of the long-time
opposition to government competition
with business. In this Instance, the
hue and cry concerns competition by
numerous relief agencies and also by
the Tennessee Valley authority which,
to burlesque an old saying, is de
signed to make two bulbs for electric.
ity grow un the home and farm where
one or none grew before,
The T. V. A. started out to be an in-
teresting experiment and a plan to
demonstrate what was possible with
water power in development of a more
or less barren area. Its purposes have
been expanded so rapidly that none
of us here can keep up with all of its
moves, Suffice it to say, however,
that the T, V. A. Is now trying to sell
electricity for power and light In
scores of cities and towns and v
and farms throughout the section from
he Oho river to the Gult of Mexico,
Getting back to the relief agencies,
so-called, It was the general under
standing a year ago and less when
“public works" were being promoted
that the construction to be undertaken
by the government should not be of the
sort that would compete with, or ham-
per the operation of, private business,
No one suggested that, for the sake
of relief, there should be paralleling
of railroad tracks, one of them govern.
ment owned. While that was not done
~{it {8 an exaggerated llustration-—the
government has promoted
the rallroads by expanding every
known artery of highways. At the
rate the Tennessee Valley authority
is moving, private enterprises of wva-
rious kinds will be driven out of ex.
istence by a government agency,
down a
tion turned joan that was
i
i
i
Fort Worth, Texas, with which to
build a municipal power plant.
has happened since, I do not know,
but the reason for the first
lower for
were
made rate schedules
projected plant than
by private Interests.
able, but the
same,
import of each is
question: ought the
United States
indirectly, such deve drive
the
payers of
from the
country?
difference
the
vantage point,
general
1:
From th
x
questionable a rim of put
even in the guis
will wis
not done
lieve,
80,
History does repeat itself!
In the days before
young, Ms
History sy
Repeats the only means of
tem of barter was
or desired. 1 do
nt would
by
would be traded
Yet, that Is just w
in this day
tion,
It seen
n, who had bull
lod ar
ZH ang
adopt
tem of barter
for a human
of so-called
¢ that Sam
CARO juite a
bus NeEs in iis
and other utilitlie
me of the folk
like to talk
they would 1
ness stand before 2
then nsk him que
natural that they
ald of the g«
ington In their
the government
Mr. Insull over the boundary
of their country. Greece did not join
so readily with that plan, because Mr,
Insull was regarded by the Greeks as
a nice man. Now, here is where his-
iry repeats
should
wvernment at
efforts to
of Greece ito
» ® .
There came a day when prohibition
was repealed. At the same time, there
was a shortage in the United States
of certain kinds of wine which Greeca
could supply. tut Greece was not
welcomed as source of the shipments
which could be made under our rules
of the game only under a quota fixed
by our government. There was some
direct word spoken here in Washing
ton to the minister of Greece. It ap-
pears that an understanding was
reached. Greece was placed on the
quota list for 25.000 gallons of wine,
and Mr. Insull hereafter may not find
Greece such a pleasant haven,
Of course, 1 do not profess to know
what went on in the private conver.
sations that preceded the action by
the federal alcohol control adminis
tration In placing Greece on the quota
ist. Rut I do know the conversations
were not all about the wine quota.
And I have heard subsequently that
the American government expects
eventually to have Mr. Insull return to
the United States #0 that his ideas
about the fallen utility empire can be
heard.
- * *
An incident at the treasury a day
or two before Christmas distressed me
greatly. An elderly
Pathetic lady—1 believe she
: sald she was eighty.
Incident four—~called at the
window of the treasury cashier to
get a $20 gold piece. She offered a
$20 bill in exchange for it. The pay-
ing teller was courteous, but positive,
He could not deliver gold; It was
against the executive order Issued last
March by President Roosevelt. ‘I'he
little old lady couid .not seem to un
derstand why it had to be that way,
but the refusal was definite,
walked wearily away from
“It Is the first time si
was twenty-one years old
not given him a $20 gold
getting childish If 1 fall this
She was almost in tears at
ure. I thought there was a |
that situation, and still believe it
quite unnecessary for-any governsient
to break hearts In the interest of
commerce and Industry, Where has
our vaunted civilization led us?
© 1933, Western Newspaper Union.
DULL ENGLISH “ORATORS”
The historie feat of the late duke
of Devonshire in yawning, to the de.
light of Disraeli, in the middle of his
own maiden speech in the house of
commons, I8 generally reckoned
unique of ii kind, Actually, how-
ever, it has been beaten by Sir Guy
Fleetwood Wilson, who retired some
years ag: oa the office of finance
minister of the eouncil of India, The
occasion in question was when Sir
Guy was required to answer the crit-
icisms on his first budget before the
viceroy’s iegiglative council, “It was
on March 20. 1000,” Bir Guy relates,
“and the Gay was abnormally hot and
close, even far that time of the year
in Calcutta, Partly owing to the
heat, but largely no doubt owing to
the wearisome effect of my first at-
tempt at oratory, one by one every
single member present went to sleep;
and it ple truth that after
a while I actually fell
conree of
ment.”
is the si
asleep tn the
t}
the ¢
Dr. Pierce's Pleasant Pellets are the orig-
inal little liver pills put up 60 years ago.
They regulate liver and bowels. —Ady,
Here's an Explanatiou
A large part of the present troubles
of the arises from the tact
that its affairs are being ennducted
by tired men.—Bruce Barton,
world
Tormented for
Five Years
with Dandruff
——————
Healed by Cuticura
“For nearly five years I was tor
mented with dandruff, My scalp
ftched and burned and became very
gore and from scratching. My
hair becam hin and dry and fell
out in handfuls, and the dandruff
scaled off and could be seen on my
clothing.
“I had lost all hope of ever being
healed. A friend told me about Cuti-
cura Soap and Ointment and I sent
for a free sample. The first applica-
tion stopped the itching so I bought
mere, and I used only one cake of
Cuticura Soap with two boxes of
Cuticura Ointment and I was healed.”
(Signed: Mrs M. I. Carruthers, Je-
tersville, Va, Aug. 1833.
“yp
—
Talcum 25c.
Drug & Chemical
Mass. —Ady.
ny
Boap £25 and 50c
Potter
Malden,
"We, went
prietors:
Corp.,
CHERRY-GLY.CERINE
COMPOUND
For Coughs due to Colds, Minor
Bronchial and Throat lrritations
JAS. BAILY & BOX, Baltimore, Md.
i
See cur famous Knock
about corduray College
Jacketsal the blg games,
embroidered with
Tigers, Bulldogs, Bears,
Rams, etc. on back.
Jopt DAMS, Class Fear,
and letteron fromt. Al
school colors — $4.98.
LEN Sop” Dasroheot
COLLEGE SHOP, Detroit, Mick.
THIS FINE
LHR
aoa g AE
1000 ROOMS
but WHAT rooms they are
Cheerful, cory rooms, each with
private bath, shower, rodie,
circulating ice woter and many
other features you'll be hoppy
ebout.
1 minute to ofl theotres. Shops
and business centers nearby,
. ROY MOULTON
© Executive Vics Prev. ond Manoging Dir,
¥