The Bismarck Tribune Newspaper, May 12, 1933, Page 1

North Dakota’s Oldest Newspaper THE BISMARCK TRIBUNE Weather Report Partly cloudy tonight and Saturd not much change, in temperature.” ESTABLISHED 1873 BISMARCK, NORTH DAKOTA, FRIDAY, MAY 12, 1933 PRICE FIVE CENTS Roosevelt Signs Big Farm Bill IS READY 10 PUT LAW IN OPERATION Agricultural College Extension Chief to Direct Work in North Dakota {TENTATIVE PLAN IS READY Advisory Committee Expected to Be Called Into Session in Near Future Fargo, May 12—(#)—In North Da- ‘kota the machinery will start moving immediately under the farm adjust- ment act, according to C. F. Monroe, North Dakota agricultural] college ex- tension director, who has been desig- nated state administrator of the act. Governor William Langer has in- formed Monroe of his intention of calling together immediately the state advisory committee suggested in all states by Secretary Wallace. Membership of the state commit- vees will include the governor, the chief justice of the supreme court, the commissioner of agriculture, the director of extension, who will act as secretary, and one farmer to be named by these ex-officio members of the committee. . North Dakota commodities which ‘will feel the most direct effect of the national farm legislation are wheat, milk and milk products, hogs, and corn. The plan calls for placing these products on price levels which will give a farm buying power equivalent to that prevailing from 1909 to 1914. Other commodities included in the basic list are cotton, rice and to- bacco. Definite announcement of the pro- cedure to be followed in North Da- kota is to be made following the meeting of the state advisory com- mittee to be called by Governor Langer, Director Monroe says. In- formation from officials in Washing- ton also is being awaited. Offers Tentative Outline An outline of the various phases of the farm adjustment act and @ general idea of its provisions are pre: sented herewith by Director Monroe: “There are three distinct titles or sections to the law: “The production-control and bene- fit-payment section. “The agricultural credit law. “The national financial and cur- rency measure: “The first part is administered by the department ‘of agriculture, the second by the farm credits adminis- tration and the third part lies at the discretion of President Roosevelt and his treasury aides. “Under the production control sec- tion, commonly referred to as the farm act, at least three broad means of securing proper adjustment of do- mestic production of basic farm com- aodities to meet world demand levels and to attain fair returns for agricul- ture are provided. The secretary may use one or all of them. They are: “(1) Acreage reduction of the ba- sic agricultural commodities by ren- tal and benefit payments to farmers. “(2) Payment of allotment bene- fits on the domestic portion of a crop in return for agreements cover- ing specified crop reduction. “(3) The use of marketing agree- ments with processors and handlers of farm commodities so that higher prices will go to the farmers under a guaranteed system of pro- duction control and fair play.” $100,090,000 on Hand “To meet the cash payments re- quired to reimburse farmers for acre- age reductions and crop control to| P! needful amounts, the federal govern- ment has $100,000,000 on hand for immediate use; but later sums paid out of the treasury will be restored by means of a processing tax. This tax will be levied, as- sessed and collected by the internal tevenue department upon the first domestic processing of each basic commodity, including imports pro- cessed in this country. The tax will be levied gradually and kept within reasonable bounds, always subject to the control of the secretary and based on current conditions of sup- ply and rate of consumption. First steps in the operation of the law cannot be exactly stated with full assurance, but a general idea of the progressive movements which should soon take place are given by Director Monroe. State Councils to Serve “State councils for commodity con- trol and adjustments, acting as offi- cial arms of the federal service, will be set up at once. The agricultural extension service system and state statisticians will be represented there- on. These committees will afford the connection between the headquarters at Washington and the individual farmers, and in a large degree the actual field supervision will be han- died by districts. viemone’ [Powers Agree on U.S. Tariff Proposal [Probing His Affairs | QFFICIALS MOVE 10 |Morgenthau Acts to | — Extend Farm Credit | ANDREW W. MELLON Washington, May 12.—(?)—An in- vestigation of the income tax returns of Andrew W. Mellon, the wealthy former secretary of the treasury and ambassador to Great Britain, has been started by the justice department. Charges made on the floor of the; house by Representative McFadden! (Rep., Pa.), form the basis of the ac-| tion. McFadden asserted that Mel- lon, while in President Hoover's cabi- net, had been guilty of “a specific tax evasion” on approximately $6,700,000. In addition to the McFadden! charges, Attorney General Cummings | said, a number of letters had been re- ceived from private citizens asking for such an investigation. Cummings indicated he would han- dle the case through a special investi- gator. | McFadden last week read a letter! to the house from David A. Olson, former investigator for the senate that in 1931 Mellon sold stock in the Western Public Service company and the’ ‘Pittsburgh Coal company showing a loss of $6,700,000, “which logs. was deducted for income tax) purposes.” PERU AND COLONIA AGREE 10 TRUCE IN| FIGHT OVER BORDER South American Nations Will Negotiate Directly to Settle Dispute Lima, Peru, May 12.—()—Peru and Colombia agreed Friday to di- rect negotiations to solve their con- flict over the Leticia border territory; in the upper Amazon region. The conflict between Peru and Co- lombia was precipitated Sept. 1, 1932, when Peruvians seized the town of Leticia and ousted Colombian offi- cials. Since that time there have been a few instances of fighting on a fairly large scale. Both nations have concentrated men and materials of war in the dis- trict. Meanwhile American neutral countries and the League of Nations have endeavored to compose the dis- jute. Leticia is a sun-baked village of only a few hundred residents and less than 200 buildings in jungle country which was ceded by Peru to Colombia in 1922. It is important because it is at the tip of a strip of land which gives Colombia an out- let to the Amazon river system and! eastward to the Atlantic. International interest has been centered on the dispute during the last few days because of the move- ment of'a Peruvian cruiser and two submarines through the Panama canal. These ships had orders to proceed to the upper Amazon coun- try, where several Colombian ships already have been concentrated. ‘The League of Nations held that refueling and repravisioning . facili- ties should be denied the Peruvian vessels. At one time Colombia was} reported ready to send aircraft to bomb the ships before they entered the Amazon, but this plan never was carried out. Last March the League of Nations adopted a report condemning Peru's occupation of the ceded territory and demanding immediate evacuation. Financial Giants Are Called as Witnesses “Decision regarding methods to be} New York, May 12.—(?)—A long list followed in applying the optional pro- visions of the production-control sec- tions of the law will be made by Sec- retary Wallace. Processing tax levies will be the last objective and these will not start on any basic commodity whose control is undertaken until full examination of existing gondi- tions-is made and the proper margin between current market prices and the parity level is fully ascertained. “No farmer will be forced into ac- cepting the provisions of the act as applied to the operations of his own farm,” Monroe declares. “However, he will have every possible opportu- nity to learn everything regarding the act, its provisions and their ap- plication as applied to his own farm- ing operations.” of Wall Street's mighty men will be called in the government drive to con- vict Charles E. Mitchell on a charge of evading $858,429 income taxes. Federal Attorney George Z. Medal disclosed this late Thursday at the trial of the square-jawed, gray-haired former head of the National “City Bank. Three sore throats made a gap in the trial Friday. It was put over un-; til Monday because Federal Judge W. Goddard, Defense Counsel Max D. Steuer, and Medalle all have throat infections, The jury was completed Thursday night and on Monday two alternates will be selected. Then will begin the task of sifting the charges. ‘ NULLIFY PROPOSED STRIKE BY FARMERS Many States Will Protect Those Who Wish to Market Their Produce WISCONSIN BARS DISORDERS Governor Warns Sheriffs They Will Be Held Responsi- ble For Trouble Chicago, May 12.—(#)—Officialdom moved Friday to prevent any farm strike inconvenience to the American public. At various points where tie- ups of marketing of food stuff were threatened, officials took action. The strike, under sponsorship of the Farmers’ Holiday association, is scheduled to start Saturday. In Wisconsin Governor A. G. Schmedeman warned sheriffs and dis- trict attorneys they would be held responsible for any disorders growing out of picketing attempts, while in Oklahoma Governor W. H. Hurray declared that “every man will be pro- tected in his right to sell to him who wants to buy.” A strike by some dairy farmers in northern Illinois, which was opposed by members of the pure milk asso- ciation, was threatened for Saturday, and Health Commissioner Herman N. Bundesen issued a warning that milk from any section where tie-ups are attempted would be barred from the Metropolitan area. Representatives of about 2,000 milk producers in Maryland, Delaware, New Jersey and Eastern Pennsylvania decided to lend moral support to the strike movement. In South Dakota, Emil Loriks, sec- retary of that state’s division of the Holiday association, said no organiz- ed effort toward participation had been made. At St. Paul, Minn., directors of the Twin City Milk Producers associa- tion declined to participate in’ the proposed strike. RENO DISGRUNTLED BY ROOSEVELT’S MODERATION 8t. Paul, May 12.—(?)—The nationai farm strike will start Saturday despite President Roosevelt’s action in signing the farm bill and urging farm mort- gage creditors to abstain from fore- closures, Milo Reno of Des Moines, Ia.. president of the National Farmers’ Holiday association, said here Satur- day. A message asking President Roose- velt whether he intended to declare a moratorium on farm foreclosures and executions on chattel mortgages had been sent by Reno from Des Moines lest night. Reno conferred here today with Farm Holiday association members from Minnesota, Wisconsin, Iowa, and North Dakota relative to enforc- ing the farm strike, voted at the Na- tional Farmer Holiday convention in Des Moines: last week. Told that the president had signed the farm bill and urged a relaxation in foreclosures, Reno said: Not Yet Satisfied “I would be better satisfeid if the president had made it a demand that creditors refrain from foreclosing on farms. This battle has got to be fought. It is a contest. You never will solve this problem until it is fundamentally solved. “President Roosevelt told the bank- ers ‘you fellows close your doors and protect your property and by protect- ing your property you are protecting your depositors’ now, what has been done to give the farmer at least cost of production prices?” Asked if he would call off the strike if Roosevelt issued a proclamation halting farm mortgage foreclosures, Reno said: “I can’t call off the strike. Such ac- tion would have to be taken by the di- rectors of the various state organiza- tions. If we felt there was need for such a meeting, the directors would be contacted hurriedly and a con- ference held.” Gandhi Is Weaker; Persists in Fast Poona, India, May 12.—(#)—The Mahatma Gandhi began the fifth day of his projected three weeks’ fast to- day too weak to move without being carried. Fears that he may die increased since he is determined the fast, pro- testing the treatment of the lowest Indian caste, the “untouchables,” will not end before noon, May 29. He was too weak Friday even to move his arms to operate his ever- Present spinning wheel. His physi- cian said he has failed in health more rapidly than was expected. SENTENCED FOR SHOOTING Moorhead, Minn. May 12.—()— ie | John Newberger of Valley City, N. D., was sentenced to one to five years in Stillwater penitentiary on a charge of second-degree assault in connec- tion with the shooting of Tommy O'Loughlin, Moorhead and Fargo fight promoter, by Judge Don M. Cameron in Clay county district court Thursday. O'CONNOR SWORN IN Washington, May 12.—(#)—J. F. T. O'Connor of Los Angeles and formerly of North Dakota, was sworn in as day. JOINT STATEMENT SAYS REDUCTION IN ARMS IS NECESSARY Roosevelt and German Negotia- tor Make Declaration At Washington Washington, May 12.—(7)—A joint; statement issued Friday by President Roosevelt and Dr. Hjalmar Schacht, German representative, were convicted the world economic conference could not be a success un- less “along with economic disarma- ment, there is military disarmament.” “We emphasized the necessity of a Speedy elimination of the obstacles to international trade,” the commun- ication said, “and we feel that the creation of stable conditions in the monetary field is equally important. “Economic and monetary questions are so interdependent that the ad- justment of both must necessarily go hand in hand.” s The statement issued at the con- clusion of the informal parleys with | Germany's representative preparatory to the world economic conference in London said that “quick and far- reaching solutions are né to save the economic life of the world.” Must Help Unemployed Until restoration of ordex in econ- omic life has relieved unemployment, it added, “endeavors must be made to |help the unemployed by sound inter- nal credit expansion and by a synch- ronized international program for the mobilization of public and private; \eredit for productive purposes.” Thus far Germany has been the stumbling block in the way of prog- ress toward adoption, but officials here feel that Japan likewise will] - Present objections in due time. French opposition has been dis- | pelled, at least temporarily, by Roose- velt’s assurances that the United States will help guarantee interna- tional peace by some form of consul- tative pact if definite arms limitation is achieved. The MacDonald plan, which in- cludes such a “security” provision, would abolish heavy mobile guns, heavy tanks, bombing from the air nd poison gas. It likewise would set definite limi- tations on the size of continental Eu- ropean armies and would require that they be of a short term conscript militia type rather than cromprised of a professional, long-term-service soldiery. GERMANS DISSATISFIED WITH PARLEY RULING Geneva, Switzerland, May 12.—(?)— said both) Dissatisfied with a decision to give military value to Chancellor Hitler's brown shirts in computing the strength of the Germany army, the German delegation at the disarma- ment conference Friday insisted that French sport associations should be estimated in fixing the size of the French army. Colonel Lucien of France retorted that there is a difference between youths armed with bombs and ma- chine guns and youths armed with tennis racquets and bicycles, as are the members of the French sports groups. The Polish delegate contended that if the German thesis were accepted Prime Minister Ramsay MacDonald should be counted as a member of the English army because he is a golfer. an agreement or would continue with Germany making reservations con- cerning unacceptable clauses in the convention that is being discussed. Arthur Henderson, conference pres- ident, is trying to save the parley by advocating simultaneous discussion of armed forces and war material. SEES RESTORATION OF VERSAILLES SANCTIONS London, May 12.—(#)—Lord Hail- sham, secretary for war, said in the house of lords Thursday night that he believes Germany's attitude at the disarmament conference may lead to the restoration of sanctions provided | in the Versailles treaty. These sanctions called for occupa- tion by the allies of German territory west of the Rhine and the bridge- heads of Cologne, Mainz and Kehl until 1935. The allied armies of occupation, in- cluding that of the United States, evacuated the Rhineland before the time limit on assurances that the Ver- sailles treaty provisions were being re- spected by Germany. Lord Hailsham told the lords it was his personal opinion that any attempt on the part of Germany to re-arm would bring into operation the treaty senctions. If Germany walked out of the arms conference it would be 2 matter for “gravest consideration” by [tne allies, he added. REICHSTAG CALLED TO CONSIDER ARMS IMPASSE Berlin, May 12.—(#)—The Reichstag Friday was called into session May 17 government |comptroller of the currency Thurs-|io discuss the deadlock at the world (disarmament conference at Geneva. Delegates predicted that, because of| continuing depression, the conference either would adjourn after public ad- | mission that it was unable to obtain; ! Roosevelt Aide Completes Set- Up For Making Farm Re- lief Bill Effective ‘ciate ORGANIZATION! ! | Present Agencies to Be Coor- | dinated Into Centrally Controlled Plan Washington, May 12.—(#)—Activi- | ities of the new farm credit adminis- | Itration which will begin functioning | \‘May 27, will be organized in five! divisions which will have correspond- ! ing units in each of the 12 cities where federal land banks now are situated. Henry Morgenthau, Jr., farm board chairman, and governor-designate of the new administration which will unify scattered federal farm credit agencies, expects to have the setup complete and ready for operation in 15 days when President Roosevelt's executive order creating the central | agency becomes effective. The nation will be divided into 12 regions for all loan functions, fol- lowing the same pattern now in use by the federal land and intermediate credit banks. One of the banks is in St. Paul. All loans will be handled through these banks except for some to be made directly to the Washington of- fice to national farm marketing co- operatives. Under Morgenthau will be three deputy governors, a general counsel and five commissioners, each heading a division. The biggest will be the land bank division which will continue the work of the federal farm land bank board. This division wil! handle the $2,- 00,000,000 mortgag¢ refinancing pro- gram, just authorized by congress, and will have supervision of the liquida- tion program for joint stock land banks. Plans Credit Set-up Another commissioner will head the intermediate credit bank division and will have supervision of the activities ef the 12 regional intermediate credit banks, which are housed with the federal land banks in the present set-up. A production credit division will be set up to supervise the development of a system of farm production credit cooperatives which will be similar in organization to farm loan coopera- tives of which there are now more than 4,000 operating under the fed- eral land bank system. This division will seek to enable farmers through UNANIMOUS ACTION ON WORLD TRUCE IS TAKEN AT MEETING Announcement Made After Ses-| sion Lasting More Than Three Hours RESERVATIONS ADVANCED Decision Enables U. S. Ambas- sador to Return to Crisis At Geneva London, May 12.—(®)—The Ameri- van proposal for an international tariff truce was unanimously adopted with several minor reservations Fri- day at a meeting of the organizing committee of the world economic con- ference. The armistice was agreed upon af- ter the representatives of the eight nations on the committee had been in session more than three hours. The United States was represented by Norman H. Davis, President Roose- velt's special negotiator, Ray Ather- ton, charge d’affaires; and Allen W. Dulles, Mr. Davis's aide. The ambassadors of the other na- tions on the organizing committee represented their governments. Sir John Simon, the British for- eign secretary, presided over the meet- ing. It was understood the ambassadors were authorized to accept the tariff truce with reservations. Agreement on the truce enabled Davis to leave London immedi- ately for Geneva, where the world disarmament conference is in the throes of a crisis. Davis is handling the American. end of both situations, making tele- phone contacts with Paris, Berlin and Geneva. The text of the truce project, an- i nounced Thursday, called upon gov- ernments “to refrain from any fresh initiative calculated to aggravate ex- isting difficulties which tend to par- alyze international trade” and per- mits withdrawals from the truce Faces Recall Issue | pe a JUDGE W. H. HUTCHINSON Petitions asking the recall of W. H. Hutchinson, LaMoure, judge of the third judicial district, were placed in circulation Thursday by members ot the Farm Holiday association. Charged with refusing to obey a proclamation by Governor William Langer, Judge Hutchinson replied he had taken an oath to uphold the con- stitution and was, in conscience, bound to do so. ; Told that the recall movement would be called off if he would change his stand, Judge Hutchinson declined do so, CHINESE PREPARING TO DEFEND PEIPING FROM JAP INVASION} Second War Plane Showers An-| cient City With Propagan- | da Handbills Peiping, May 12—(#)—Chinese au- thorities moved swiftly Friday for the defense of Peiping after a second reconnaissance of the city by a Jap- anese war plane. after July 31 upon one month’s no- tice. BURLEIGH CHILD 1S DROWNED IN TANK cooperative arrangements to make use of intermediate credit bank funds for livestock and crop production. The cooperative loan division, to be headed by F. W. Peck of St. Paul, re- tions of the farm board in making loans to cooperatives, handling these on a regional basis through the re- gional banks. ‘The fifth division will handle emer- gency credit activities including loan functions now. handled by the re- gional agricultural credit corporations set up under the Reconstruction Corporation. It will continue to discount paper with the Reconstruction Corporation but plans to taper off this activity within five years and to have loans of this type handled henceforth through the farm production credit cooperatives. It is also intended to taper off the emergency seed loan activities. (SEMI-FINAL DEBATE IS SET FOR TONIGHT |Bismarck and Minnewaukan Trios Will Clash For Right to Enter Final | ! | Bismarck and Minnewaukan high; ; school debaters will meet in a North Dakota semi-final contest in the city auditorium Friday evening, beginning | at 8 o'clock. The winner will meet the winner jin the Larimore-Bisbee semi-final in | the contest for the state champion- | ship. | Judges for the debate here will be | J, G. Gould, superintendent of Man- dan public schools; Supreme Court Justice A. M. Christianson and Shar- on R. Mote, superintendent. of the U. 8. Indian school here. . Members of the Minnewaukan | team, coached by J. Herbert Bam- jford, are Eunice Plummer, Jean Salisbury and Cleora Scheidt. Bismarck’s team includes Frances Cox, Junior Birdzell and Lloyd Ode. bed are coached by Miss Pearl Bry- ant. |Gravel Roads Held | In Good Condition | | All gravel highways in North Dako- ;ta were reported by the state high- way department Friday to be in fair to good condition, with earth roads slippery in places due to recent rains. U. 8, 83 from Minot ten miles south is under construction, but a de- tour is provided. cently appointed member of the fed-| eral farm board, will assume the func- | ON PARENTS’ FARM 21-Month-Old Son of Mr. and Mrs. Harold Perkins Is Victim of Tragedy This plane, like that of Thursday, dropped handbills saying the Japan- ese are ready to extend their attack to Peiping and Tientsin unless the Chinese cease armed resistance. Chinese anti-aircraft guns fired in- effectively at the plane. The plane flew directly over the American le- gation and quarters of 500 United States marine guards. Chinese aviators, trained by Ameri- cans, are expected to give battle if the Japanese attempt any more flights over the city. An official announcement said Jap- anese fliers again bombed a Chinese base hospital at Chihsien, 40 miles east of here Friday. Ten persons were reported killed, including four hospital inmates, and 20 persons were jof St. Paul was elected a Great North-|urged that barriers between town and ddied a few months ago. injured. eee, fighting was continuing at Paul Eugene Perkins, 21-month-old| Nantienmen, on the northern road son of Mr and Mrs. Harold Eugene |Je@ding to Peiping. Japanese forces Perkins, living nine miles east andj Were reported trying to turn the right three miles south of Wilton, was|flank of the Chinese forces massed found dead in a watertank on his|there but the latter were offering parents farm at 3:15 o'clock Thurs-|Stout resistance. Heavy casualties day afternoon. were reported. ‘The tot had left the house about 10] Friday, the Chinese said, Japanese | minutes before and had toppled into|bombers visited numerous places | the tank, the edge of which was|North of Peiping and Miyun, the op-j about 18 inches to two feet above the | €rations lasting as long as three hours ground. Coroner W. . Perry said the|in some instances. Communications child apparently had become unbal-| with the north are crippled and de- anced while standing on tip-toe and) tails of the air activity were not re- fallen into the tank, which was about} ceived here. half full of water. At Nantienmen, where the Chinese | ‘When she went to look for the child] have made a stand to protect Miyun, Mrs. Perkins found the body lying on|40 miles north of Peiping, sharp its back in the tank. Efforts to re-|counter-attacks succeeded in improv- vive him failed. ing the positions of the defenders, ‘In addition to his parents the tot|Chinese sources declared. leaves one brother, Harold Lloyd Per-| Four hundred Chinese wounded ar- kins, three, and one sister, Adeline|rived from the front and were sent Myrtle, four. Before her marriage|to hospitals. Six hundred more are Mrs. Perkins was Miss Hannah Aman-/en route. : da Tosseth, pia Oe ere ey ! Funeral services will be held at 2:30 Americans at Wheat Pp. m., Saturday at the Sunne Luther- | an church in Ecklund township, one Meeting Are Hopeful’ Geneva, Switzerland, May 12—(?) mile south and five miles east of Wil- —American representatives at the ton, with Rev. W. E. Vater, pastor of McCabe Methodist church, Bismarck, international wheat conference said Friday they believed an agreement in charge. Burial will be in the would be reached by the “Big Four” chuch cemetery nearby. Bismarck Rotarians _ [exporters to limit wheat growing for & period of one or two years. Win Prize at Fargo) * this woud be favorable to the in- terests of American farmers, they) Fargo, N. D., May 12.—(P)—Bis-| said. The Big Four are the United marck Rotary club, for the third time} States, Canada, Argentina and Aus- in the history of the ninth district] tralia. . conference of Rotary international, won the prize for having the best at- tendence at the 1933 conference con- cluded here Friday. Hibbing, Minn., was second, an- nounced C. L. Ashley of Fargo, who presented the prize, a wrought iron plaque, with the Rotary wheel as a centerpiece, the work of the veteran Slope Ministers Ar Elected at Meeting Two Slope ministers were elected as officers at the 52nd annual meeting of the North Dakota Congregational N. D. A. C., Haile conference at Grand Forks Wednes- foe marke at the day, according to an Associated Press ‘An invitation for the 1934 confer- Supate. Soe ived from Owatonna, eee Se Boce wes Taner *!named assistant scribe and Rey. L. L. Following adjournment of the con-| Williams of Tappen was named teller. ference, the ninth district Rotary as-| Another Slope miriister, Rev. Edgar sembly, in the nature of a school of|Winn of Dickinson, was named to the instruction for newly elected club of-|Tesolutions committee. | ficials, was held. The conference ended Thursday! night. LILLY NAMED DIRECTOR At the opening session Wednesday, | St. Paul, May 12—(#)—R. C. Lilly|Dr. Frank Lincoln Moore of Chicago ern railway director Thursday at the country residents be broken dowa. annual stockholders meeting succeed-|He said “we must rethink rural mis-} ing A. C. Loring of Minneapolis, who|sion in terms above sectarian lines end learn to work together,” _ SAYS HE WILL USE GRANT OF POWER IF AND AS NECESSARY Now Has Authority to Regulate Currency, Reduce Dollar’s Gold Content CAN RAISE FARM PRICES Refinancing of Mortgages Also Provided For in Omnibus Measure “ Washington, May 12.—(?)—Presi- dent Roosevelt Friday signed into law the massive bill to raise farm prices, giving him extraordinary inflationary Powers and enabling easement of the agricultural mortgage burden. In taking over this unprecedented management over currency, he had made it clear he was ready to use it “when, as, and if it may be neces- sary.” The legislation gives him power to increase paper money, reduce the gold content of the dollar and to fix a ra- tlo between gold and silver. The farm provision gives the ad- ministration wide latitude to control Asks Patience of Farmers, Creditors Washington, May 12.— (% — President Roosevelt Friday urged farm mortgage creditors to abstain on foreclosures pending opera- lon of the newly-signed mortgage refinancing bill. In signing the agricultural debt- relief measure into law, the presi- dent in a formal statement said: *Every effort will be made to administer the act promptly, con- siderately and justly. “I urge upon mortgage creditors, ‘until full opportunity has been given to make effective the pro- visions of the mortgage refinane~ ing sections of the farm relief act, that they abstain from bringing foreclosure proceedings and mak~ ing any effort to dispossess farm- ers who are in debt to them.” Production either by acreage allote~ merf@ or by the leasing of lands ta; withdraw them from production. ' The refinancing of agricultural mortgages allows for a lower interest rate with a three-year moratorium om inierene Payments, group of government, congres- sional and farm leaders surrounded the president’s desk as he affixed his signature. In accordance with the putting provisions of the peer bil into execution as soon as possible, Secretary Wallace formally desig- nated George N. Peek, of Moline, TL, chief administrator of the measure. The president had been to sign the bill as soon as it got to him but the absence from the city of (Continued on page Nine) CABINET WORKS ON PROGRAM TO OPEN EMPLOYMENT FIELD Roosevelt Submits Proposal to Advisers Before Sending It To Congress Washington, May 12.—(/>}—Prest- dent Roosevelt’s industrial control- public works program. designed to open up vast fields of employment, was to be presented to his cabinet ’ Friday for approval before going to congress next week. The proposed legislation, including provision for @ $3,300,000,000 bond is- sue for public construction and au- thority for industry to enter agree- ments designed to stabilize produc- tion, improve wages and better work- ing conditions, was virtually com- pleted Thursday night by the presi- dent’s special committee. The measure will carry a new levy to pay interest and sinking requirements on the bond issue, will be used to finance fede and municipal projects. A sales described as “re-employment tax” or a “breakfast tax” on coffee and tea bas been suggested as possible fom, some opposition alrea = veloped. oy The total amount of the been estimated at 200,000,000," » tHe & Misr ATE ON OLSON eapolis, May 12.—()}—Gover- nor Floyd B. Olson early Friday un- derwent an operation for aj citis at a hospital here, His physi- cian, who decided ta operate the governor suffered a severe attack last evening,’ said he was “restir fairly well” with no sign of com. plication. ? pais, « ki ? re : FORMER GRAIN BUYEE DEAD Browning, Mont.,, May awe former gr Gilbert Cayn, about 45, grain died “here shotgun buyer at Belfield, N. D,, Wednesday of a self-inflicted wound, @ coroner’s jury Ml and without tan O89 ie dived here for 18 months. Cs