Evening Star Newspaper, June 26, 1921, Page 1

WEATHER. Partly cloudy today and tomorrow; Member of the Associated Press The Assoclated Press Is exclusively entiited to the use for republication of all news credited to it or not stherwise «r dites paper and also the loeal news published aceein. little change in temperature. Temperature for twenty-two hours ended at 10 p.m. est, 94; lowest, 3. last night: High- 848— No. 28,182, No. BRITISH IN APPEAL T0DEVALERAFOR PEACE INIRELAND Lloyd George Urges Leader to Meet Sir James Craig at Once in London. ANXIOUS KING’S PLEA SHALL NOT BE IN VAIN Safe Conduct Promised Irish Party in New Move to “End Ruinous Conflict.” By the Associated Press. LONDON, June —Premier Llovd George has sent a letter to both Famon de Valera, the Irish repub- lican leader, and Sir James Craig, the Ulster premier, declaring the British government to be deeply anxious that King George's appeal for reconcilia- tion in Ireland shall not have been made in vain. The letter appeals for a conference between representatives of the government and southern and northern Ireland so that the oppor- tunity for a settlement in Ireland shall not be lost. ‘The letter, which is dated June 24, is couched in identical terms to both Mr. de Valera and Sir James, except for necessary verbal changes. British Appeal for Peace. “The British government,” it says. “are deeply anxious that, as far as they can re it, the king's appeal for reconciliation shall not have been made in vain. Rather than allow an- other opportunity for a settlement in Ireland to be cast aside, they feel it incumbent on them to make a final appeal in the spirit of the king's words for a conference between them- selves and representatives of South- ern and northern Ireland. *“I write, therefore, to convey the following invitation to you as the chosen leader of the great majority in southern Ireland and to Sir James Craig, premier of northern Ireland: “First. that you should attend conference hero in London, in col pany with Sir James Craig, to ex- plore to the utmost the possibility of a settlement: second. that you should bring with you for that pur- pose any colleagues whom you may select. The government. will, of course, give safe conduct to all who may be chosen to participate in the conference. Entered as second-class matter post office Washington, D. Builds Funeral Pyre And Applies Kerosene, Burns Self to Death By the Associated Press. KALAMAZOO, Mich., June 23. —Making a funcral pyre of a kerosene soaked brush plle, Henry Papper, seventy-year-old farmer, after saturating hix clothing with oil, crawled into the pile and, lighting it, burned himself to death at hix home at ‘West Oshtemo, near Rere, today. Hin body was found tem min- utes later by his aged wife, who aaw the smoke and belleved the barn was affre. Papper been despondent becaune of ill health. LS. SHANGHA B SHPRIG NEN Lasker Determined to Com- mandeer Brains of Marine World for Board. WILL ASK HIGH SALARIES iPlans Model of Large Corporation. Policies to Follow Re- organization. Special Dispatch to The Star. NEW YORK, June 25.—Reorganiza- tion of the personnel of the United States Shipping Board will take prece- dence over the formulation of new policies, said Albert D. Lasker, chair- man, at his headquarters here today. To obtain a definite view of the conditions now confronting the re- | habilitation program, Mr. Lasker has | called a meeting for the owners and | operators of the country, and will give due consideration to their sug- gestions and recommendations as a result of the conference. He declared | no relief could be obtained for at least {a year. Interesting data were made public | Commander R. D. Gatewood, U. S. | regarding the present status of the | operating department, in which he stated that approximately 675 Ship- ping Board vessels were laid up, in- volving a total in round numbers of five million dead-weight tons. Mr. Lasker left for Washington to- night and will make a report to the President Monday. Seeking Co-Operation. "Have been advising with the ship lowners and operators since my arrival ! WASHINGTON, D. C, GOMPERS' VIGTORY INAF.L CREATES | WILD ENTHUSIASM Veteran Labor Chief Almost in Tears as He Thanks His Supporters. HAILS HARMONY IN FACE OF “CORRUPT INTERESTS” Re-Eelection as President Achieved in One of Hottest Battles Labor Ever Experienced. Haeers EWING SAMUEL GOMPERS. 25.—President Samuel Gompers, with his entire ad- ministration, was returned to office for another year by the annual convention of the American Federation of Labor, after overwhelmingly defeating opposi- tion for the presidency, and one of the vice presidents. This sweeping victory, the labor chief said tonlght at the close of the federation’s forty-first annual conven- tion, demonstrated that the American trade wnioh Weveiteit:~will-not ‘sib- mit to dictation from the forces of corruption or greed—neither the |here yesterday.” said Mr. Lasker. “I|Hearsts nor the Garys can chart our \ ’; SUNDAY MORNING, JUNE CONGRESS )//}//////// 26, [ The Sunday Star. 1921, DREAM. Grants Motion to Drop Case Involving Actress’ Separa- tion From Owen Moore. MUST STAND DECREE Attorney General, Who Alleged Contempt, to Appeal to State Supreme Court. By the Associated Press. RENO, Nev., June 25.—The effort of the state attorney general to have from Owen Moot set asTle Minden this afternoon, when et Judge Langan granted a motT quash the summons in the attorney general's proceedings. PICKFORD DIVORCE UPHELD BY JUDGE the divorce decree of Mary Pie . ! Aphasia Sufjerer Consults Directory and Recalls Name A tclephone directory was re- sponsible for K. C. P. Kennedy, who xays he In from Welch, W. Va., extablixhing hix identity lant might at Washington Axy- lum Howpital, where he had been under trentment for what appeared to be aphasia. The man was for uncor nejous Iate Friday night at 17th d C xtreets woutheast by a policeman. He was unable to give either his name or address, although he gave detalls of hix Iite. Laxt night the man told phy- sicians at the hoxpital he re- membered working in a mine at | Welch, W. Va. He said he left there and went to Baltimore two weeks ago and later k- ed to Washington. Physicians gave hi and told him to find hix name fn it. When he reached the “Ken- nedy” Hut' Be exclaimeds “That’s: my last nmme.” Kennedy then told the phy- sicians his initialx and said his home was at Welch. Police ! i PROPOSE NEW SITE FOR ALTER RED IRepresentatives Keller and Lampert Favor Removal to Soldiers’ Home Grounds. !BELIEVE SPREAD OF CITY SHOULD NOT BE IMPEDED Quiet Secluded Spot for Nervous Patients Could Be Acquired With- out Cost, It Is Said. ! Removal of Walter Reed Hospital {from its present site to the Soldlers’ Home grounds, or to some other se- cluded place &f sufficient area to meet the growing demands of such an in- stitution is suggested as one solution All rights dispatches of publication of special herein are also rescrved. = ———————————— FIVE CENTS. — =/ Leeds Refuses Title, So Princess Xenia Will Abjure Royalty | | DN, June 23—The wed- ding of Willam B. Leeds, son of Princexx Anantasia of G and Princess \enia of Greece probably will be cclebrated In Parix on July 17, according to Information reaching here. When the xon of the tinplate king and hix fiancee came (o London two weekx ago it wan announced that they would be married here, but subsequent developments have caused the palr 1o change the setting 1o Parix, where the othordox Greek ceremony will be performed. ix understood that King mtantine conxidercd confer- ring a title on Leeds, but the boy was unwilling to give up hix Amerlean citizenxhip and ax a result the Princess wil become | a commoner. NEWSTOQ00POST INBUDGET VAGAT Office Superseding Auditors, Still Unfilled, Causes Pol- iticians Concern. XISTING OFFICES TO END 1All Present Agencies to Close Under Terms of Act—Appointee Will i Have Sweeping Powers. BY WILL P. KENNEDY. With the fiscal year starting Friday, {the office of controller general. pro- | vided for in the national budget act, i has not been filled. { This is the best patronage job that {has ever been at the disposal of any i President—with the single exception | of appointments to the Supreme Court {of the United tes. The Supreme {Court bench $14.500 for life, while the office of controller general is to pay $10.000 a year for fifteen |years. The next best job is on the board of general appraisers for the | customs service, which pays $3,000 a | year during good behavior. | The particular concern over the! failure of President Harding to name a controller general is because the national budget act automatically abolishes all the existing :accounting and auditing offices to concentrate all| responsibility in the new office of con- troller general. iMr. Hoover expr 1., FUNDTOASSIST FARMERS OPPOSED BY ADMINISTRATION Secretary Hoover Announces Private Capital Is Being Mobilized. FORCED LIQUIDATION SEEN UNLESS RELIEF IS GIVEN Plight of Agriculture Recognized, But Government Believes It Should Keep Out of Business. The adn ation s “mobilizing {private banking credits to prevent the foreed liquidation of farm commod- ities, particularly cotton and sugar,” Secretary of Commerce Hoover of th told Department te committee vesterday. He was appearing in con- neetion with a hearing on the Norris bill to create a hundred-million-dol- lar corporation to aid i e n farm exports approval of the bill, but said that the adminis- tration recognized the plisht of the American farmers and was secking to aid them. et us first prevent forced ttempt.” he uidation mobilizi en done said. “to of these =z private the cattle na fail there will be time enouzh to eet | the government to take up the burden !directly.” Pointing out that the United States had sent to Europe “a billion dollars’ worth affs in the last eleven mont . Hoover said it “was ev t the govern- ments and peoples there find mene for foods,” but conceded that the uation as to cotton was worse, cause they tend to reduce their normal requirements of textiles! ins Funding Bill. Expl “One wishes to make many mental reservations upon the possible recu- peration in Europe,” Mr. Hoover said in the course of a general di of the econnmic Situation overseas, “but the securities pessible to obtain cannot be classed as Al Chairman Norris referred to the { administration bills which Congress | has been asked to pass. empowering | general steps to fund all of the w debts which the United States hold: “The object of that bill ix to get these loans in some sort of shape for handlinz,” Mr. Hoover said. and when Anxi & & have visited them with a view of se- | cours select leaders. s 1o, N Contiiet i ol s ek of the conteat over the proposed ex- pressed for a statement as to whether Six Auditors Abolished. “We make this invitation with the fervent desire to end the ruinous conflict which for centuries has di- vided Ireland and embittered the re- lations of the peoples of these two islands, who ought to live in neigh- borly harmony with each other and whose co-operal much. not only to the empire, but to humanity. We wish that no endeavor should be lacking on our part to realize the king's prayer and we ask you to meet us, as we will meet you, in the spirit of conciliation for which his majesty appealed. “I am, sir, your obedient servant, “D. LLOYD GEORGE.” Refuses to Meet Irish Women. Gen. Jan Christian Smuts, premier of South Africa, today declined on be- half of the British dominion premiers to receive a deputation of Irish women, including Mrs. F. Sheehy Skeffington, whose husband was ex- ecuted in Dublin in 1916. In his reply to the deputation’s re- quest, Gen. Smuts sali he dominion premiers will doubtless, when the op- portunity presents itself, render such service to his majesty’s government as they think fitting.” DE VALERA STANDS FIRM. lfefuses to Disapprove Shooting of Young Subaltern. DUBLIN, June 25.—After Kamon de Valera, the Irish republican leader, had been arrested Wednesday night and brought to the Portbelle bar- racks in Dublin, in which is quartered | the regimental mess of the Worcester- shire regiment whose youngest subal- | tern was shot in the Dublin moun- tains a week ago, Gen. Boyd, com- manding the Dublin district visited de Valera at the barracks and en- deavored to induce him to disapprove such acts as the shooting of the sub- altern. Reports of the interview allege that the republican leader declared he would repudiate nothing and nobody, but, notwithstanding this attitude he was released and went to his home at Greystones. Tolay de Valera was seen walking in the streets of Dublin. —_— GREECE DECLINES OFFER. By the Associated Press. ATHENS, June 25.—Greece today declined the offer of France, Great Britain and Italy to mediate with the Turkish nationalists for the pur- pose of putting an end to the hostili- tles between them and the Greeks and Asia Minor. —_— JAPANESE ARMY COST. TOKIO, June 25.—The army esti- mates for the next fiscal year amount to 260,000,000 yen, according to news- paper reports. This sum is slightly less than last year's estimates. DR. W. T. JENKINS DIES. NEW YORK, June 25.—Dr. William T. Jenkins, former health officer of the port, who achieved distinction in thé early 90's by the stringent meas- ures he took against entry of cholera, ‘died in & hospital today. He had been suffering from liver trouble. n would mean so | curing their co-operation. I have also | been looking into and thinking of the | necessary operation changes. | “We may have to devise something | unique to fit the peculiar conditions now existing. I told the owners and operators that I saw that co-operation had to be translated into something {more than mere words, namely ac- tions. Co-operation means initiative on beth sides. “If any steamship company has a big man whose loss to it would be a calamity, but whose services are needed by the government, that com- pany will have to hand him over. 1 have in mind lots of such men and it necessary T will commandeer them. I believe, however, that the compa- nies, whether they will or will not iturn these men over at the present time, will ultimately do so. Regard- {ing their remuneration T do not ex- I pect to hire a $50,000 man for a $5,000 la year salary. That is one of the I most disastrous things in the past | policy of the board. { i | Will Seek Falr Salaries. “I certainly will try to find com- mensurate salaries for the man I ob- I'tain. A man who enters the govern- ment service for a small salary does %o in the majority of cases for the experience and then, having obtained it, is taken over by some private corporation. That is the main reason 1in the board. “I would rather have men who are prejudiced in favor of the shipping |interests, who can help us to win, than to have the best men | who have no such experience. I will engage no man who has not made a i record in the shipping industry, 1 am thinking of men of brains, of courage and of guts to do things, who ican resist a compromise under pres- sure to do wrong. “After we get the right key men 1 “Our movement is united. It is pre- pared to be aggressive in defense of the rights of the toilers. It will not be swerved from its course. be a sad day for the aspirations of the working people of our land when corrupt and intriguing interests can either divide our movement, change our course or destroy its leadership. The vote today has demonstrated to the world that we have not yet come upon that day. % Predicts P'rogressive Future. “The whole work of the convention, the resolutions and declarations adopted, the policies indicated, mean for the future a united, pragressive, militant movement, following upon a progressive, faithful and militant past. “For myself, 1 may say that the work of the convention and the re- sult of the election fill me with satis- faction, gratitude and pride, not for myselt, but for our movement. “We are facing serious times, but we face them undaunted and with confidence and courage.” The labor chief's forces made a clean sweep from the beginning, ! when President Gompers was return- ed to the.presidency for the fortieth time by overwhelming John L. Lewis, president of the United Mine Work- ers, by a vote of 25,022 to 12.324. The vote was taken amid scenes of | wild enthusiasm, rivaling those of na- why the present situation has arisen }The convention floor was overflowing tional political conventions. The gal leries were racked with spectators. with delegates and their friends. Cheers and applause swept the audi- torium at every vote. Several attempts by the Gompers supporters to stampede the delegates | for the veteran during the demorstra- tions failed, as scores of delegates withheld their enthusiasm and re- mained silently in their seats, un- moved by the urgings of fellow dele- gates. This was the first time that Gompers had been seriously opposed since 1894, (Continued on Page 2, Column 5.) (Continued on Page 5, Column 5.) ' It will ¢ PRESIDENT TOO BUSY TO MIND HEAT, BUT FINALLY DONS HIS PALM BEACH The court held that while true the state was a party divorces, as contended by the attor- iney general, yet the state was repre- |sented by the trial judge and not by the attorney general. As the decree had been accepted by the plaintiff and defendant, the Jjudge decided the state was estopped from proceedings to set aside the decree. Many of the members of the bar from all western Nevada were present at the Minden court this afternoon when the decision was rendered. Divoree Granted in 1020, Mary Pickford was granted her de- cree here March 20, 1920, by District Judge Frank P. Langan, and, in a short time, married Douglas Fair- banks in Los Angeles, Calif. Moore, Fairbanks and Miss Pickford, who gave her name in the divorce action as Gladys M. Moore, are motion pic- ture stars. Testifying at the divorce trial, Miss Pickford said she had come to Ne- vada February 15, 1920, for the bene- fit of her health. She charged Moore with desertion and cruelty. Moore was not present at the hearing and did not contest, although on the day before he was served with the sum- mons in Douglas county, in which Mipden is located. Miss Pickford testified that she did not know Moore was in Nevada, at the time. Fol- lowing the divorce both left the te. = Attorney General's Claim. Nearly one month later, on April 16, jafter Miss Pickford and Fairbanks were married, the attorney general filed an action here asking that the decree be set aside “In the interests of the state of Nevada” He charged Moore and Miss Pickford with “fraud and collusion,” declared Judge Langan had no jurisdiction in the case as both principals were residents of Los Angeles, safd the decree was “color- oble,” sald that the two principals | held the Nevada court “in utter con- tempt” and charged that the marriage of Miss Pickford and Fairbanks was part of a “fraudulent plan concocted by the defendants.” Moore, he charged, came to Douglas £Y o have notified the West Virginia authorities. SOCIAL STS QUASH ' MOVE T0 JOIN REDS By the Associated Press. DETROIT. Mich., June 25.—Refus- ing by a vote of 35 to 4 to affiliate with the Third Internationale of Mos- cow, the Socialist party of the United States today voted in its annual con- vention here against international re- lations of any kind, and for the next year at least will pursue its course alane. The vote came after Victor Berger. Morris Hillquit, Algernon Lee and other leaders had denounced the soviet government as the murderers jof the socialists of Russia and as a { “wrecking crew"” bent on the destruc- {tion of socialist parties throughout {the world. Action of the convention followed three hours of heated debate, during which Chairman Hillquit threatened to clear the galleries when com- munist sympathizers started a dem- onstration. Unlike the conventions of the last two years, which have ex- \pressed sympathy with the bolshe- fviki aims and sought some form of international relationship, this year's gathering showed scant patience with the extreme left wing. “I want no dictatorship,” Mr. Ber- ger declared in his attack on the soviet government. “I have had the dictatorship of Burleson, the dictator- ship of Wilson and the dictatorship of Palmer. That is all the dictator- iship I want for the rest of my life.”” | Hoenn bitterly denounced the Rus- sians for appealing to American !workers to quit the socialist party jand join the communists and also at- itacked Samuel Gompers, president of the American Federation of Labor. “There is a man running for re- It took three consecutive steam- ing hot days and nights to cause President Harding to get his Palm Beach suits out of camphor. He has never been accused of being cold-blooded nor of possessing any fondness for sweltering weather, but, to the surprise of every one, he labored on through the first three days of the hot spell without . abandoning his blue serge suit, and, strangest of all, not once dur- ing that period did he utter a sound of complaint about the weather. In response to the hundreds of uweather salutations” he received daily and the almost continual grumbling and growling on all sides of him he merely admitted “it was warm,” but that he was “not uncomfortable.” “I have been so busy I guess the thought of the heat entirely slip- ped my mind,” was the simple man- ner in which he expressed himself when asked what he thought of the heat and why he ]n delaying putting on his cooler clothes. He probably is best known to - the American people as being at- tired in white or some other light- colored attire. He wore either Palm Beach or white flannels throughout last summer, and the many early pictures of him ap- pearing on the front porch in Marion gave the nation its first real impression of the nominee. Several times this summer he has appeared in public and in his of- fice wearing white flannels and a blue. serge coat, but it took an unflinching spell of heat to bring the Palm Beaches to the front. The majority of the cabinet mem- bers have, during the past week, donned their coolest suits, although Herbert Hoover, Secretary of Com- merce, still sticks to his regula- tion blue serge and soft felt hat. Secretary Hughes long since cast aside his hot clothes for a dark, silky, flimsy attire which not only becomes him, but suggests much comfort. county solely to submit to personal) . ction out at Denver who is going service of the divorce summons. The attorney general's action was pred- jcated, he declared, on the principle that the state “reserves interest in all divorce cases.” Denied Any Collusion. Attorneys for Miss Pickford an- swered the attorney general's charges and asked that his suit be set agide. They asserted that the attorney gen- leral had no authority under Nevada laws to bring his action, and declared that it the principle on which the state’s suit was predicatea was sus- tained, the attorney general could re- view all divorce cases ever granted in Nevada. The defense counsel said that no case could be found as prece- dent for Fowler's action. The right of review, which the at- torney general said he held, was at- tacked. The state. it was ‘claimed, was represented at the trial by the court, and the court’s action in grant- ing the decree was final. They held that the divorce was legal in every way, that the residence requirement had been lived up to and claimed there was no collusion between Miss Pickford and !ovm hand in hand with the soviets in their eftorts to destroy us,” he said. “Sam- uel Gompers is attacking us from one side and the soviets from another. Morris Hillquit told the convention Karl .Marx had laid down the rule that the first duty of socialists is to fight capitalism in their own country, and opposed fnternational affiliation on the ground _that American soctal- ists cannot fight capitalists in Rul sia, Germany or other countries. “And besides,” he sald, “the Rus- sians have told us many times they don’t want us.” He branded the Engdahl proposi- tion as “a motion to commit suicide.’ “The so-called Russian interna- tionale,” he added, “is imperialism in_disguise.” In the general resentment against the arbitrary terms dictated by Mo: cow s the only basis on which the ‘American socialists could join the third internationale, the convention voted down all proposals for foreign afiliation, including a motion to join the “two and a half’ internationale at Vienna, sponsored by the “centrist” H faction. The extreme right not only con- trolled the day in the field of inter- national relations. but made a clean sweep of the permanent organization, fing & majority on_ every com- inclu mittee. tension of 14th street north. Repre- sentative Oscar E. Keller of Minne- sota makes the suggestion and Rep- resentative Florlan Lampert of Wis- consin heartily indorses it. Both are members of the House District com- mittee. They say that the Soldiers’ Home grounds, comprising more than 500 !acres, being an institution for vet- erans, is the proper place for a sol- diers' hospital, and point out that no- where within many miles of the Na- tional Capital could be found a retreat |50 pleasant and helpful to the maimed {and nervous patients who are now be- Ilng concentrated at Walter Reed. Hegion Is Valuable. Representatives Keller and Lampert both believe that the region about ‘Walter Reed is very valuable for residential and commercial uses, and that the spread of the city in that direction should not be impeded. They realize that a determined fight will be made to prevent the extension of a street car line out 14th street through the Walter Reed grounds Representative Keller explains that if the soldler patients are removed to a new and modern hospital in the Soldiers’ Home grounds they will not only be better situated for care and quiet, but they will be convenient to two street car lines. They can get real quiet and upbuilding surround- ings when the environment of the present Walter Reed site is built up wjth residences and stores, he says. Suggested by Car Line Issue. The ciash of opinion between those urging the extension of a street car line through the Walter Reed Hos- pital site to develop the residential section beyond and those who are opposing such development led Rep- resentative Keller to make this sug- gestion. 4 He believes that the government, if it does not make use of the Sol- diers’ Home area, should buy many acres of land in a proper location It abolishes the six auditors for| federal departments, five of whom have been receiving $4.000 each and| one $5,000; the controller of the Trea- ! sury, who has been receiving $6.000, | and the deputy controller at $4.000. All of these have been presidential appointments, held by democrats, and | S0 there is scant likelihood of any of them being retained. In their stead is created the office of controller general at $10,000 and an as- sistant controller at $7.500. The con- troller general is head of the general ac- counting office and on him are imposed all of the duties heretofore performed by the six auditors, the controller and deputy controller of the Treasury. The controller general has to delegate people to perform all these duties. Any- thing that is done must be done in his name, and he prescribes the dulies ot | his assistants. After a fifteen-year term | he is ineligible for reappointment. | le for Final Accounts. Respons The controller general is also respon- sible for the final audit and settlement of all accounts. During the incomi fiscal year, starting Friday, these 1 amount to $4,500,000,000, according to the estimate of expenditures sent to the ways and means committee by Secretary Melion on April 30. The controller general is also supreme authority in interpretation of : priation laws. He says what is and wlat is not available for certain purposes. He prescribed the form for keep- ing and rendering accounts of moneys paid into and paid out of the Treasury. He also prescribes the| manner of making administrative ex- amination of accounts in the various departments and independent estab- lishments. Crities of All Expenditures. The law also says that he shall in- vestigate all matters relating to the application of public funds. This is very broad authority, and makes him in effect a critic of all government expenditures. He is to make a re- 1 (Continued on Page 2, Column WILD SCENES OF By the Assoclated Press. NEW YORK, June 25.—The New York curb market today gave up its outdoor life. - ‘When the chimes of Old Trinity pealed the noon hour the bab:l that for years has marked the curb's operations on Broad street died down to a Murmur after a final roar. Mon- day the curb will have a roof over its head and four walls to shield it from the gaze of the curious. But the final roar was nnprece- dented. Brokers multiplied the shouts, the furious wiggling of fin- gers, the waving of arms, tho swing- ing of caps and the mad milling that have made the curb seem like a band of deaf mutes holding a carnival with some acquaintances from a lunatic asylum. Up into the air went scores uf vari- colored caps and bisarre jackets— curious habiliments by which brokers A (Continued on Page 2, Column 2.) JOY MARK END OF CURB MARKET’S OUTDOOR LIFE perched beside telegraph wires in windows above the street in the past had been able to tell their repre- sentatives from the other fellow's in the scramble below. Nimble fingers, through which the men in th: win- dows and the men on the street ex- changed sign messages, demt thcir ‘wireless orders for the last time. Nobody agrees on the dafe when the business of dealing in unlisted securities out on the curb got its start, but 1873 marked organization of the assoclation which left the open air today. Its members transacted business in rain or snow, sleet cr sunshine, and, to the unknowing, it seemed they were ever in chaos. Many of the big brokers now hold- ing seats on the New York Stack Ex- change went to school on the curb. There it was, too, that some of the stocks now listed on the large ex- change got their start. | through the Treasury intended to permit ex- change of German reparations securi- ties he said: “Well, it is quite possible that the Treasury could get better securitles by exchanging some of the securities of new nations for German bonds.” “England owes four billions, ! tor Norris said. “Do you mean to say | we would be asked to take German ! bonds against this debt and that they | would be better?” | “Xo,” Mr. Hoover responded. “T satd { exchanges might be made which !\would give us better securities for | 1ess good, so far as T know. [ “I dom’t want to appear to depre- |cate any proposal intended to assist ! the agricultural industry.” Mr. Hoover said, “because the situation today which has reduced the purchasing power of the American farmer 67 per ! cent has put him to the most serious dliress agriculture has ever had to face. The situation is the most acute and dangerous in the country at the { present moment. Yet. 1 cannot feel that the n of further credit facilities the supply of food products to Europe would give any adequate remed Cotton Serious Problem. While sixty million Europeans still jare *under food restraint, rationing { or similar systems,Y Mr. Hoover said, Poland, Austria and “in a minor de- gree Czechoslovakia” werc the only countries where a diminished food supply might result from failure of credits. European harvests, generally good, he said, might be sufficient to meet their needs, but that in any case thirty million bushels of wheat was all that would be involved. He added that Europe “found the money some- how to take a billion dollars in food from the United States in the last eleven and a half months.” “As to cotton, however, the problem of disposing of our surplus is much more serious,” Mr. Hoover continued, “because experience has demonstrated that the governments and the peoples will secure their food, but that they will cut in texiles. «“There is a marked tendency in Europe to live on their own food resources, and make their harvests stretch as far as possible through the yoar, which indicates that the Ameri- can farmer must carry Rereafter his crops for a longer period through the year because the European demand will only come at later months. Aravors Private Capital. | uwe are trying to set up such machinery as will prevent forced liquidation in cotton and sugar and negotiating through the banks of the mnntX. If this cannot be done e mobilization of private banking capital in such a way as to avoid putting the burden on the gov- ernment, why then we may have to call on the government. «Happily, there is a short crop of cotton this year, and there have also been artificial conditions which have depressed the market, such as the long strike in England and the repaia®o=y discussion with Germany, which worked to cut our cotton exports. The shelves of the world are growing bare ~(Continued -on Page 5, Column-4.- '~