Evening Star Newspaper, November 3, 1929, Page 2

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

/ THE SUNDAY STAR WASHINGTON, D. ¢ 1 929—PART ONXNE. RECORD AVALANCHE O BUYING IS SEE Wall Street Gets Ready for Rush of Orders at Opening. (Continued From Fiist Page.) for the enormous Cash was in plenti- ful supply at 6 per cent with the de- mand comparatively light. This was taken to indicate that the speculative interest has given way to a greater vol- ume of outright buying of stocks in which every section of the United States is participating, as well as for- eign countries. Buying From Abroad. Reports were current of large buy- ing orders having been received from Canada, Britain, Germany, France and other foreign countries. Transactions in odd lots will com- prise 40 to 50 per cent of Monday's business, according to the big odd- houses. ‘This class of business was an important factor in the recovery of the markets Wednesday and Thursday. On Tuesday, a 16.000,000-share day, when the break in stock prices reached the lowest point, De Coppet & Dore- mus reported that their 40 brokers on the Exchange floor dealt in Approxi- mately 2,500,000 shares in odd lots Some of the Wall Street houses have been so short of help in the last few days, due to overwork of the regular staffs, that thousands of temporary em- ployes have been taken on to be re- tained during the period of abnormal volume. In some instances these firms have borrowed pages from the New York Stock Exchange to act as mes- sengers, and all of the 600 pages were earning some extra money in this man- ner on Priday and today. Margin Rate Reduced. TFollowing the example set a few days ago by F. B. Keech & Co., E. A. Pierce & Co. announced today a reduction of margin requirements, a move taken to indieate that the firms concerned are convinced that relatively healthy con- ditions in the security markets hav been re-established. The reductions bring margin requirements to 30 per cent on brokers’ wire accounts, 10 points when stocks se!l below 30, 12 points on stocks selling between 30 and 40 and 30 per cent on stocks above “40. Advices from other cities indicated that the restoration of something ap- proaching normal trading conditions in New York had extended its influence to all parts of the country. The Chicago Board of Trade and Stock Exchange, in joint announcements, stated an agree- ment had been reached to eliminate dual listings, settling a dispute which had threatened to interfere seriously with their business, On the Cleveland Stock Exchange a seat was sold for $15,000, compared with a previous high price of $6,500. As the week came to an end the financial world and investing public sur- veyed what is recognized as the greatest stock market shakeup and readjustment in world history, aside perhaps from war-time periods. On Edge of Chasm, ‘Within a space of approximately 10 permit facilities shifting in loans. ot {Once Notorious Bandit Advo- cates Vocational Training for Youths. Believes That Best System to Control Young With Way- ward Tendencies. | _Pat Crowe, arch outlaw of & quarter |of a century ago and finally chief actor |in one of the most famous kidnaping | cases in criminal history, came to Wash- | ington yesterday to hobnob with law- I enforcement_officials. For Pat Crowe has gone straight for {25 years since his acquittal after a | sensational trial of charges of kid- for $25.000 ransom, Edward | Cudahy, 16-year-old son of E. A. Cudahy, multi-millionaire meat packer | of Omaha, Nebr. Once with a $50,000 eward offered for his capture “dead or 2 ali | | | ex-bandit of 60 years of age, now is di voling the remainder of his life in e | piation of his crimes, by working in the cause of prison reform and under- | privileged boys. Wants Vgeational System. Crowe is campaigning for a national vstem of vocational training as a solu- tion for what he terms the “criminal- | breeding” reformatories for youthful | offenders against the law. In the {studles of President Hoot :'s Crime | Commission he sees an opportunity for | the acceptance of his ideas on prison | reform tlL.rough legislative action. He | intends to remain in Washington to lay { his plans before the commission and see { what_action is taken before Congress | to solve the widespread lawlessness in | the country. | “The Crime Commission is offering to | the public an opportunity to make the United States the heart of peaceful world civilization instead of being. as | |it is now, almost the laughing stock of | the world for its record of non-inforce- | ment of the law,” Crowe explained. Reformatories, jalls, electric chairs, | gallows nor any of the other present- | day penal barriers stretched across the | way of the transgressor will solve the crime problem, this former outlaw col tends in support of his plea for a national system of vocational training as the answer. Crime Commission Ideal. “Each State should have a place where underprivileged children and errant, wayward youth would be taught ' of operation, and its effect will be to improve the demand for high-grade | securities. { The paying off of debis, illustrated by the amazing decrease in street loans, afforded evidence of the extent to which margin _holdings had been reduced. mostly by forced or distress liquidation during the recent break. Indication that the reduction of in- debtedness incurred in stock market operations is not merely a superficial | evidence of a prospective easy credit | condition is given by the action of the | Federal Reserve Bank of New York in cutting the rediscount rate from 6 to | 5 per cent and subsequent action by London, Berlin, Amsterdam and Buda- trading days, the whole financial struc- ture of the Nation appeared to trem- rgc:‘n the "'5“ 2 flcd asm. Owners of , shorz. of confidence and reason, tossed their holdings on the market for what they. would bring, and prices de- =cended to dangerously low levels. Whis- pers of bank and investment house fail- ures, of insolvencies on the part of busi- ness and industry filled the air. 3 At noon Tuesday, when the collapse looked hopeless, hundreds of long-estab- glh!d lnd'rwu(:hulll ltreealmmu- lons could - not said fnitei ‘where they stood. ¥ President Hoover had issued a state- ment declaring his confidence in the fundamental soundness of business and the Nation’s commercial life. Other leaders of his administration and heads of the country's greatest corporations indorsed his words but stocks continued to tumble. Prom every State and city and town came selli orders from panic stricken holders of securities and these overwhelmed normal buying power —suddenly dwarfed and puny—until the whole edifice which had been erected over several years of prosperit, and advancing prices threatened to Tall, Rockefeller Steps in. Late Tuesday John D. Rockefeller, sr., and his son, gave out a brief statement that they considered prices had fallen too low and were buying stocks. For the first time the mass of people who had sacrificed waluable holdings took stock of the situation. They realized that “dollars were selling at discounts” and the repurchasing rush started. But meanwhile thousands of specula- tors who had built fortunes through the pyramiding of marginal holdings were ruined through the wide down ward swing of market prices. For time doubt was expressed that recupe: tive buying wer would be adequate to_restore values. Evidently these conservative thinkers had only rudimentary knowledge of the country’s great money resources or had not taken into account that for many © months the real investment buyers had remained out of the market because they thought prices were too high. Reassured by the expressions of the President, knowledge that the most pow- erful banking group in the Nation had combined to guard against a further collapse in security values and con- vinced by the Rockefeller nounce- ment that stocks were going at bargain rates, this class released the cash saved for such an eventuality. The flood is still flowing into the security markets, Joint Warning Issued. On the eve of resumption of stock trading brokers joined, however, in warning stock buyers against the specu- Jative excesses which brought about the | disruption a week ago. Advise was re- iterated that stocks should be bought for investment yields and not for possi- bility of increase in principal. At the same time it was poinied out that the period of readjustment prob- ably is far from completion: that weak accounts taken over in the recent crash must be liquidated, and that some of the buying of the last two market day: which realized large profits on paper, | may be turned into cnsPA ‘Warning also is given that before long the market should settle to more normal levels as regards volume, with attendant orderly trading and smaller price swings. ‘Without doubt the most healthy and constructive development as affecting the stock markets has been the correc- tion of the credit position. Observers say that probably no other nation on earth could have, within a year, accom- plished the sweeping readjustment which has taken place in the United States during October. The brighter outlook in credit conditions is illustrated not only by the $2,440,559,111 slash in street, loans, but by a cut within a week of $1,096,000,000 in brokers’ loans as reported by the Federal Reserve Bank of New York, and a contraction of ap- proximately $2,000,000,000 in tge “all other” loan item. Outstanding Item. The last-named instance is of out- standing importance to the productive forces and interests of the country. I means, in effect, that the “bootlegger” in the money market has passed “Other” loans was comprised for the most part of money made available for call by large corporations and indi viduals, and int from all parts of the country of cash industry and business. attracted to New York by . required for ‘This money, high demand loan rates, will now be utilized for expansions and for increas- | pest in cutting their respective redis- count rates. Meanwhile the news services of the country, in_response to the request of | business and financial leaders, have published figures giving out proof of general prosperity. One of the main factors responsible for the restoration of public confidence in s s was the action of a number of leading corpo- rations in declaring extra cash divi- dends out of the year’s increase, and in most - cases Tecord-breaking net earnings. Still another development was the nouncement by the Government of a $922,000.000 increase in American export trade for the first nine months, 9 per cent more than in the previous record period of 1927. An announcement of general im- portance, particularly to the ofl in- dustry, was that of the American Pe- | troleum Institute that the overpro- | duction problem of the Nation had | been solved by California operators agreeing to curb output by 30 per cent, | thus bringing production and con- sumption for the entire country into | line. ‘World is Still Dazed. But as the new week of market oper- ations opens the world is yet some- what dazed at the recuperative invest- | ment and buying power of a country where $20,000,000,000 to $30,000,000,000 | in open market values were shorn | from securities in the space of two | trading days, without serious failure | and no dislocation of business, and the | restoration, again within a two-day | trading period, of 80 to 90 per cent of | the losses. | Some speculators were eliminated and unsound and badly managed brokerage establishments embarrassed, but a new army of stock buyers with greater resources of cash than ever | before sprouted in their place. During this period of drastic read- justment the volume of stock Lrldlnx‘ created new records for all time. 1In| the market period of eight days, from | ‘Wednesday, October 23, to Thursday, | October 31, Inclusive, 70,780,030 shares were dealt in on the New York Stock | Exchange, compared with less than 20,000,000 in the same period last year, when stocks were then considered ab- normally active. Stock exchanges in all cities of the country report similar | increases. (Copyright, 1929.) PARTY REACHES GOAL Men Cross Dangerous Crevassed Area and Lay Last Supply Depot. BY RUSSELL OWEN. | ing_to him during PAT CROWE ON CAPITAL VISIT IN BEHALF OF BOYS OF NATION PAT CROW —Star Staff Photo. ful trades,” he said. “Industrial pursuits lessen crime pursuits. - two per cent of the country’s criminais are under 20 years of age. Hoover's Crime Commission is the ideal group to foster the vocational training movement throughout the various States. “Stop crime at its source and that can be done by educating youngsters and starting them in the right direc- tion. Reformatories only train new candldates for Sing Sing and the gal- lows. Prison walls and other manner of penal restrictions only make the embryo criminal sullen, defiant and eventually an enemy of soclety.” Instead of feeding the inmates of the penitentiaries at the expense of the taxpayers .the former bandit sug- gested that the authorities put them to work reclaiming and opening up mil- lions of acres of waste lands through- out the country. Would Develop Land. “Send lifers and habitual criminals | to Alaska and put them to work on de- velopment of this country,” said Pat Crowe is a_singularly unimpressive “bad man.” He packs no gun and of- ficers of the law from whom he once hid in & mad career of crime In the West are now numbered among his staunch friends. 1f Mr. Crowe had got what was com- career of train robbing, dynamiting md terrorism, he would have served 970 years. He fig- ured it all up one time in an idle moment. DRYRADSLAVER SHELDGULIY Volunteer Who Shot Okla- homan Faces From 4 to 99 Years in Prison. By the Associated Press. CHANDLER, Okla, November 2.— Jeff D. Harris, 65, volunteer dry raider who shot and killed Oscar Lowery, Pottawatomie County farmer, July 4 in search’ for Mquor, was convicted here today of Arst-degree manslaughter. The sentence was left to the district judge, Hal Johnson, who will impose it November 12. The penalty is a mini- mum_ prison term of 4 years and a maximum of 99 years. The verdict was returned after the Jjury had deliberated 17 hours. Harris also is charged, with W. W. (Snake) Thomason, Federal prohibition SEEKING ., HELP FOR GRAF POLE HOP | IDr. Walter Bleistein Coming Here to Enlist Aid of Federal Government. Government - and American _scientific organizations in a proposed Arctic ex- pedition of the German dirigible Graf Zeppelin will be sought here this week by Dr. Walter Bleistein, secretary and treasurer of the Aero-Arctic Soclety, who arrived in this country from Eu- rope recently. Dr. Bleistein probably will arrive in this city tomorrow and will remain here two or three weeks, It is expected. Dr. Bleistein will request the as- Department and Weather Bureau in arranging the details of the expedition, in setting up fueling and servicing de: pots and in maintaining communica tions and weather forecasting services while the big dirigible is in flight over the areas mapped for exploration. The sclentific party aboard the Graf Zeppelin _probably will be headed by Fridtjof Nansen, noted Arctic explorer. The Graf Zeppelin is to leave Fried- richshafen, Germany, its home base, s me time in April, according to present ph and proceed to Tromsoe, Nor- vay, where a mooring mast has been erected. § Will Ask Co-operation. From Tromsoe the Graf Zeppelin will fly to Fairbanks, Alaska, where & mast | Is now being erected. The Army sta- | ton at Fairbanks, under command of | Maj. Gen John L. Hines, commandant of the 9th Corps Area, will be asked to | co-operate with the Graf Zeppelin party during their operations ~from Fairbanks. _After completing its work from the Fairbanks base, the Graf Zeppelin will return home by way of the Bering Sea and Siberia. | The principal objects of the projected | expedition, it is understood, will be to | | mark the boundaries between deep and | shallow waters in the Arctic seas, to study meteorological and magnetic con- ditions and to prepare for the estab- | lishment of scientific survey stations in Co-operation of the United States | sistance of the War Department, Navy | | ballot,” which has been undcr attack MOORE PREDICTS POLLARD VICTORY ;‘lnsists Best Interests of State Demand. Defeat of Coalition. | | | | Representative R. Walton Moore, | speaking over the radio last night, pre- dicted the election on Puesday of John | G. Pollard, the Democratic nominee 1or Governor of Virginia, by a majority of | 130,000 to 50,000. Mr. Moore insisted,| | that the best interests of the State do- manded the election of Pollard and the defeat of the Republican anti-Smith | Democratic coalition. | Mr. Moore prefaced his discussion of | the campaign for governor with = | statement to the effect that he himseif had “little expectation of ever being a | candidate for any office” because of “rather poor health.” Several weeks ago Mr. Moore sald he probably wouid not be a candidate at the next election. “I must be acquitted,” said Mr. Moo:>, | “of any purpose to serve myself by com. plying with a request to say somethiny | about the political campaign in Vir- ginia.” Defends “Short Ballot.” Mr. Moore declared that the State has made great progress under the Demo- cratic administration, headed by Gov. | Byrd. He defended the so-called “short | by the coalition candidates and speak- ers, saying: “One reform which has been much debated authorizes the governor to ap- point the treasurer, the commissione: of agriculture and the superintendent of | public instruction. This change, how- | ever, can be repealed by the 'peopie | through the Legislature, should it be so desired. But in my humble judgment it is & desirable reform. It is in Jine | with the Federal method of the ap- pointment byithe President of the heads | of the various departments who consti- tute his cabinet. His appointees are subject to_confirmation by the Senate, whereas the governor's appointees are subject to confirmation by the enti Legislature, the Senate and House o Delegates. The purpose is to give the governor a cabinet, so that all the ac- | the Far North. According to word received here from | Dr. Bleistein, who now is in New York, | Dr. Hugo Eckener, master of the Graf | | Zeppelin, will not make the trip, turn- ing command over to his first officer, | | Capt. Ernst Lehmann, who commanded | the dirigible on the last leg of its| ‘round-the-workd flight from Lakehurst to Germany in September. Dogs and | | sleds will be carried for ground survey | work in the immediate vicinity of the Arclic bases. | Knows Magnetic Cenditions. While in_ this city Dr. Bleistein will consult with John Adam Fleming, vice president of the Americran branch of | | the Aero-Arctic Societ. Flemming was | magnetic _obser-~ the Coast and | Geodetic ' v i.om 1904 to 1910 and has bc-n calef magneticlan of the Carnegie Institution's department of terrestrial magnetism since 1904 and | chief of the magnetic survey division | since 1919. For three years he also| was head of the institution's observa- tory division. Mr. Fleming is thoroughly familiar etic conditions in the Arctic, having gained international prominence as author of “Scientific Results of the | Ziegler Polar Expedition of 1903-1905- |1908.” He also was co-author of the | second to fourth volumes of researches | of the department of terrestrial m: netism of the Carnegie Institution. | TARDIEU SUCCEEDS IN FORMING CABINET BUT ROAD IS ROCKY (Continued From First Page.) ol | | M, Briand the ministry of foreign af- | tivities of the State can be unified and | function in a comprehensive, vigorous and orderly manner. “In the country at large, this reform | which we talk of as the short-ballot | plan, has been advocated by leading men’ of both parties. Among its Re- publican - advocates have been Presi- dents Taft and Roosevelt and Judge Charles E. Hughes. The advocacy of | the plan by Judge Hughes. which he started several years ago while governor | of the State of New York, has re- sulted in its adoption there. where it is now universally approved. ~During the present campaign the plan has been | declaimed against as undemocratic and opposed to the principles of Thomas Jefferson, notwithstanding it was in cluded in the constitution which Jef ferson drafted for the Virginia conven- tion of 1776 and that it was in force prior to the constitution of 1902. | | | ment,” as the United .States Govern- | Americans in Chinese-created courts, | should appof | at least Tid China of the system under | CAPITAL WATCHES SHOTWELL EXTRATERRITORIALITY MOVES Professor Unofficially Is Try- ing-ta Bring China and U. S. Closer on Issue. American Educator. Urges Plan to Gradually Abolish Gonsular Courts. BY WILLIAM RUFUS SCOTT. An American professor is attempting to bring China and the United States together on the delicate issue of extra- | territoriality, which China has an- noynced would be abolished January 1| regardless of exigting treaty provisions, | and his efforts are being watched in Washington ~with marked interest, | though he is acting solely on his own | responsibility. | Prof. James T. Shotwell of Colum- bia University, “got_the jump” on the other delegates to the Instiute of Pa- | cific Relations, now in session in Kyoto, | Japan, by placing before the institute | at the outset of its deliberations last week. his plan to end extraterritoriality by a process of “gradual relinquish- ment's last note to China proposed, but it is Prof. Shotwell's interpretation of such a process, not an official plan or interpretation. Diplomatic 0. K. Necessary. Should the proposal made in Kyoto | ultimately find acceptance in Nanking. it still would be necessary for an agree ment to be reached through the usual diplomatic channels, The United States | has stated its willingness to give up extraterritorial _privileges, Tegards the right of Americans in China ta be | tried by consular courts, and any sug- | gestion China may make to this effect, | Which seems to offer protection to and which does not violently end treaty provisions, would be given sympathetic consideration here, according to present understanding of the situation. In brief, what Prof. Shotwell pro- poses is that China should set up six or more special courts in the principal Cities in China where foreigners are chiefly congregated, and that China d int the judges, who would d whose names would | be suggested by the World Court, Dri some other international body accepta- ble to the United States and other in-| terested powers. China Would Name Judges. The gain in this plan for China lies | in the fact that China, not the for- eign powers, would name the judges, | and even if China would be expected to name foreigners rather than Chi- nese as judges for the present it would be foreigners, an which foreigners have courts in China without China having any say-so as to their personnel or processes, as pres- | ent_treaties stipulate. | The advantage in this plan to the United States and other powers would | be that, while they would relinquish PROF .JAMES T. SHOTWELL. plan by Prof. Shotwell. The warfare now going on in China makes a more complicated situation for the United States and China to face while worl ing out new official relalions. At tI time no one can say that the present Nationalist regime, under President Chiang Kai-shek, will be in contror at Nanking by the end of the year, the date originally set by Nanking for ar- bitrarily ending extraterritoriality, if an agreement has not been reached. New Regime Promises Nothing. A new regime in China, hawever, does not promise any easier situation for the foreign powers. Such a regime might repudiate the foreign policy of Nanking and introduce either a more radical or a more conservative policy toward foreign nations. In the group now fighting Chiang Kai-shek are some extreme radicals, who, if they won con- trol of China, would be in a position to confront the powers with more drastic actions than Nanking has proposed. 4 ‘The last note sent by China to Wash- ington remains unanswered. The note asked “immediate” appointment by the United States of representatives to dis- cuss with China the abolition of extra- territoriality by January 1. It cannot be forecast what kind of reply the United States will make to this note, except that the request for “imme- dll:fi" action manifestly has not been met. United States Contention Holl There is no reason to believe that any substantial change has taken place in the American contention, namely. that the abolition of consular courts should be gradual and in pace with the progress of China in setting up a qualified judiciary. The treaty which China may abrogate January 1 runs until 1934, Within less than 60 days, therefore, the possibilities in the situation include the trumph or defeat of the present Nanking regime. 1If it conquers its foes, the carrying out of the plan to abolish extraterritoriality would be feasible, with or without agreement, or some SENATE EXPECTED T0 VOTE CENSURE Bingham’s Friends to Seek Deletion of “Condemn” From Resolution. | By the Associated Press. i (Agreement was reached yesterday in the Senate to vote Monday on the reso- lution for condemnation of Senator Hiram Bingham, Republican, of Con- necticut, and its adoption was forecast. Priends of the Connecticut Senator ‘were preparing to seek a modification of the resolution of Senator Norris, Repub- i lican, of Nebraska, but little hope was . beld for success. The Nebraskan de- clined to modify his proposal, the first of its kind to be put before the Senate in 27 years. Amendment of the resolution to strike out Bingham's name or to change the word “condemn” to “disapprove” prob- ably will be asked. Norris informed conciliators he had drafted his resolu- ticn after mature consideration, and ° thought it represented an understand- ing among those who would go even farther. There were indications that before the vote is taken Senator Bingham will tell the Senate again how he was as- sisted in_his work of helping to write the tariff bill by the assistant to the president of the Connecticut Manufac- turers’ Assoclation. He has refused to apologize for placing this man on the Senate pay roll while he being paid by the ionnecticut association. The manufzurers' representative did not accept the Government pay. He went into the secret rate-making sessions of he finance committee Republicans as a ecretary” to Bingham. Norris called up the resolution yester- day, but announced that in response to several requests from absent members he would defer consideration until Mon-' day. Senator Pess of Ohio, the Repub- lican whip, who has been seeking a modification of the proposal, agreed to the vote on Monday. The Ohio Senator is one of several who says he cannot vote ‘“condemnation” of his colleague under the circumstances, although he would be willing to vote disapproval. If attempts are made to amend thé resolution by modification, there are re- ports that counter proposals will be made to have Bingham dismissed from the finance committee. . Friends of the Connecticut Senator do not believe he will resign if the reso- lution is adopted. The lobby committee, which inqhired into Bingham’s relations with the Con- necticut manufacturers on the tariit legislation, will resume hearings Tues- day with further questioning of J. A. Arnold, vice president and manager of the Southern Tariff Association. BOSTON & MAINE RAILROAD HEAD DIES | i | 1 Praises Byrd Administration. | their present treaty right to have their “The result of the Byrd administra- |own consular courts, they would have tion is remarkably convincing proof of |the assurance that in the courts China the success of the work for the State |sets up competent judges and juristic such compromise as Prof. Shotwell sug- | gests may be deemed ‘a satisfactory ar- rangement temporarily and an offer to | the United States of that nature con- George A. Hannauer Is Victim of Heart Attack Suffered at which has been done. There has been | processes would be provided, pending rapid progress in hard road construc- tion, in the growth of educational facil- \ ities, in the protection of publc health | nd in the care of the disabled, helpless | d dependent. There has been such | careful management of the finances | that today the State possesses quick | assets more than equal the amount of | her labilities, so that the entire in-| debtedness might be paid and | & large surplus remain in the uexuryx So many new industries have bedh at- tracted to our borders that at the moment I speak Virginia is the richest State between Pennsylvania and Texas | and with the lowest tax rate of all the | 48 States; with only two exceptions.. | “It would be & fatal mistake to piace | the coalition party in control upless | we can be satisfied that it can and will do more for @irginia than is_ be- the time when China’s own judiciary and legal and penal system reach the stage where complete control can be assumed by China with safety to for- eigners. It is frankly offered as a transition | celvably could avoid the unpleasant shock to the hitherto good relations between China and the United States such as would come from a repudiation :{nclh‘n:h of a treaty. If the rebels vi n the present fighting, s la- tion as to probable relations is m CANP IS REOPENED | FOR HODVER PARTY Chief Executive and First | lieved was hidden in the vicinity enforcement, officer, who deputized him, | fa! . Cheron the ministry of with murder in connection with the | finances, M. Georges Leygues the minis- shooting of James C. Harris, Lowery's | try of marine and M. Jean Hennessy | brother-in-law, on whose farm Lowery | the ministry of agriculture. also was killed. ‘Thomason awaits | Former Premier Poincare mustered & trial in the United States District | majority from groups more or less | Court. hostile to one another. He rallled them | Accompanitd Thomason. on_the plea P:mm he_was '&mng e | finances of ‘ance. at . Tardieu 5 s, th e D Har D o cte the | can repeat his success is hoped, with time accompanying Thomason on a | Misgivings, in well informed quarters. . ® | ™ Consequen‘ly, there now is talk of an search for a still which Thomason be- | early dissolution of the chamber. with | new general elections to give voters a | chance to return a working majority the farm. Thomason, did not accom pany the deputies to the farm. t was | for some party. brought out that no evidence of Iquor | “irpe guty of finding a man capable of 2 he | forming a stable government devolves The defendant testified that after | on President Doumergue. If there is a had informed the Harrls and Lowery |0, 5t majority for all combinations, families that he was an officer he | can dissolve the chamber with the d 1 ing done and will Ee done under exist- ing conditions. It would be a sacrifice of certainty for uncertainty, a step | backward into the dark instead of a| step forward into the full light of | . GERMAN AGREEMENT | ON DEBT DRAFTED U. S. Will Probably Forward Direct Reparations Plan to Berlin Tomorrow. looked into a chicken coop and corn crib. He returned to the house and | approval of the Senate. was fired upon without warning, buck- | M. Tardieu, who has shown much | shot striking him in the face. He | courage and energy in the present opened fire upon James C. Harris, who | Crisis. is thought to.have enough fled from the house, later to be killed | recommend this course if the chambe in a ravine, and emerging from the | refuses to support his government. house, killed Lowery, he said. As Le Temps remarks this evening, the people are getting a little tired of Started as Officer at 17. the confusion in the chamber. The widows of the slain men, who | “Public opinfon has had enough of were the principal witnesses for the | quarrels, maneuvers and the tumult of State, testified that the deputy brought | groups and factions,” it says. “Public no warrant with him and said that he | life has been suspended for more than did not inform them he was an officer. a week because the ministry fell under They expressed belief that their hus- | conditions in which incoherence was the bands thought Harris a dangerous tres- | principal element. The country will be passer and asserted that he fired the | grateful to M. Tardieu if he succeeds, first shot. They said, as Lowery also| M. Tardieu led his new ministers ted in a death-bed statement, that | the Elysee Palace shortly before mid- the raider shot Lowery while Lowery night and prese.ted them to President was pleading, unarmed, for his life. Doumergue. T ‘When only & boy of 17, Jeff D. Har- ris recelved his first commission as & peace officer. He was employed unt cattle thieves in Texas, Six s before he had run away from his e in Kentucky. He has served as sheriff, over” man, town marshal, posse man nd constable. HAMILTON TESTIFIES. e Says Son-in-Law 8lain “in lartnl‘ Battle” Over Pistol.” WEATHERSFORD, Tex., 2 (#).—In a quavering voice, R. to “under November peared from the new cabinet and was replaced as minjster of public instruc- tion by Plerre Marraud. Other min- isters were Francois Pletri, colonie: Pierre Flanding, commerce; Geory Pernot, public works: Senator Gallet, pensions; Louls Rollin, merchant ma- rine, and Senator Lucien mbflh Justice. Pernot was taken from the Union Republican group, which is expected to bring the suj members to t e cabinet. Import Liquor From U. 8. SYDNEY, Australia, November 2 (). --Government statistics show that Aus- | | At the 1ast moment, Painleve disap- | pport of many of its 100 By the Associated Press. The draft of the American-German agreement to provide for direct repara- ‘flml payments to the United States by | Germany has been completed by the | State and Treasury Departments and will probably be forwarded to Berlin | | tomorrcw for submission to the Ger- | | man foreign office. | ‘The agreement will provide for the | payment of America’s share under the | Young plan directly to Washington and | without the machinery of the Young plan or the International Bank of Set- | tlement acting as an intermediary. After signature by representatives of both governments, it will be submitted to the Senate for approval. PLANE REWARD SOUGHT. T. A. T. Pilot Who Found Wreck- age Files Claim Here. LOS ANGELES, November 2 (A).— Steps toward collection of rewards of $10,000 by George Rice, Western Air Express pilot, for discovery of the wreckage of the Transeontinental Air Transport liner City of San Francisco | ney here. Allen announced that releases from crew and passengers as requested by the T. A. T. have been signed and are be- ing forwarded by him to the legal de- were taken today by Kent Allen, attor- Lady Entertain Old Neigh- bors at Rapidan Lodge. By the Associated Press. Affaifs of state were foresworn by President Hoover late yesterday so that he and Mrs. Hoover might play host over the week end at their Rapidan camp .in the Virginia mountains to their former neighbors. Smiling as they left the White House, | Mr. and Mrs. Hoover manifestly en- FILIPINO FREEDOM King Promises New Agitation of Problem Before U. S. Legislature. BY A. EDWARD STUTZ, Associated Press Staft Writer. Philippine independence, long in proc- ess of ‘digestion by the United States Congress, promises to become one of the earliest legislative morsels of the regular session in December. joyed setting out for the long ride while an Indian Summer sun beat ! warmly down. Thelr cabins, nestled | high In the Blue Ridge Mountains, | had been closed for the Winter since last they were there with Prime Min- ister Ramsay Macdonald as the guest of honor. Decision to take the jaunt had led to reopening the camp, however, and last night once again logs were blaz- ing in the fireplaces. The Secretary of the Navy and Mrs. Adams and the Secretary of Labor and Mrs. Davis were among those who enjoyed walks | along the leaf-laden lawns. Most of the others in the party were residents of the neighborhood in which Mr. Hoover lived as Secretary of Commerce | | under Calvin Coolidge. Senator Walcott of Connecticut, who now occuples the former Hoover resi- | dence, and Countess De Buyer, a Bel- | glan friend of the Chlef Executive, | were included. Others were Mr. and Mrs. Ernest 1. Lewis, Dr. non Kellogg, Miss A Mrs. Gertrude L. Bowman, Miss Janet Large, Mrs. C. D. Walcott, Lawrence | Richey and Dr. Joel T. Boone, the ‘White House physician. ENDURANCE HOP BEGAN. Monoplane Takes Off at Tampa in Effort to Break Record. TAMPA, November 2 (#).—A Curtiss- Robin monoplane took-off at the Mu- nicipal Afrport at noon today in an at- | tempt to break the refueling endurance | | record of 420 hours made last Summer | ) l volved the draining away | ney the afternoon of October 15, its By Radio to The Biar and the New York Times. | LITTLE AMERICA, Antarctica, No- | vember 2.—The supporting party, aftsr passing the badly crevassed area Across | the trail, reached its destination last | night at 81 degrees 45 minutes south | and now will begin its homeward jour- n ey. The depot laid down at the point where it turned back is the half-wa depot to the mountains, and depots be- yond will be laid by the geological partly, which will leave in a few days. Led by Arthur Walden, the veteran musher of the Yukon. Comdr. Byrd's vanguard, comprising Joe de Ganshl, Christopher Braathen and Jacob Bur- sey, have sledged 200 miles due south of the base camp and established four supply depots about 50 miles apart along the trail which they have marked with flags for the geological party, which Js to follow them. The 'scientific group, headed by Dr. Lawrence Gould, will press on another 200 miles beyond depot 4, to the Queen Maid Mountains, where an extensive | portant problems of the Antarctic ter- ain. ‘The support party started on its jour- Hamilton testified in his murder triai | tralia jmported $445 worth of alcoholic partment of the T. A. T. at Washing- | | by Dale Jackson and Forest O'Brine in ton, D. C. He expressed belief that|St. Louis. | | survey will be undertaken to solve im- | here today that his son-in-law, liquors from the United States last Walton, jr., 21, was slain last May 4 in | year. No details, such as amount, con- Hamilton's Amarillo law office “in a | signors, consignees, mortal battle” over a .44 caliber pistol. | given. reasons, el RE-ELECTED OFFICERS OF CITIZENS’ FEDERATION | three teams of nine dogs each hauling six heavily laden sleds. The lord the start was 1,100 pounds. On_ the way back the sleds will be running light over a known trail and considerable ration holdings of bonds and other investments for the employment of idle funds. Its shifting marks the return to & proper and ecopomic basis acceleration of is expected. | (Copyright, 1929 the. New York Times Co. and the s Post Dispatch. All rights for publication’ reserved throushout the world) & . upon receipt of these in Washington | | the $5,000 checks now being held there | will be forwarded to the pilot. L The pllots in the plane were Earl Steel, 42, and R. W. Schrock, 45, of St. Louis. | dast night J | &ett to right .&. George Havenner, president; B. A, Bowles, vice president; David ubp, secretary, and A. W, Gregory, treasurer, © ! answer was ved Promise of new agitation of the is- sue has been made by Senator William H. King, Democrat, of Utah, and Sena- tor Hiram Binhgam, Republican chair- man of the territories committee. Independence will mean the culmina- tion of centuries of native military and civic struggle against foreign rule in the islands. The Filipinos did not lay down arms in the campaign to prove themselves capable of self-government until-after the American occupation in 1898. Viewed as Peak Point. Pedro Guevara and Camilo Osias, Resident Commissioners, view the pro- | jected legislative battle as a peak point in Philippine history. Believing that independence would mean the start of a long climb toward national solidarity, they are confident the islanders would give an unique ex- ample of united purpose as they wel- comed their “national Gethsemane.” In Manila, the Philippine Indepen- dence Commission, which is composed of all members of the insular legisla- ture, has taken two steps in the cam- paign. For one, & commission composed of prominent Philippine political leaders has been named to come to Washing- ton and present the Philippine cause. For the second, a resolution provides for a committee to formulate a pro- gram for indevendence and present it to Congress. Both resolutions must be ratified by the legislature. Cultare Strengthened. ‘The Resident Commissioners see com- pensation for early _trials in the de velopment of & genuine Philippine cul- ture, influenced and strengthened by long contact with Spain and the United States. Improved commercial conditions, revealed by & 1,000 per cent increase in United States trade with the Orient, is advanced as a guaranty that the Filipino, favored by recent local au- tonomy. would cherish his commercial solvency under a free government. NAVY FLYER IS LOST OVER CHESAPEAKE BAY Search Party to Take Off at Day- break, Department Announces Here. The Navy Department was advised that Ensign Hatfield, fiver | val Air Station a} Hampton | was long overdue on a Philadelphia to his home | A Pnrty will leave at day- break to patrol the waters of Chega- peake Bay, it was announced. | Hatfield had taken off in midafter- noon, and shortdy after 7 o'clock asked for his bearings by radio. He then w: estimated over the bay, below Wasl Ington, but it was believed this infor- mation did reach the pilot, as no o DECEMBER ISSUE, Yale Game. By the Associated Press. NEW J'AVEN Conn., November 2.— George A. Hannauer, president of the . Boston & Maine Railroad, died at Hptel Taft here this afternoon after & heart attack suffered while he was spectator at the Yale-Dartmouth foot ' ball gamey, , : IMr. Hannauer left before the game was over with his wife and returned “his mfix where he died shortly affer MF. Hannauer was 56 gears old. He and Mrs. Hannauer were early at the game foday and he seemed in good health and in good spirits as he watched the play.. As the game res the second quarter he collapsed. Death was ascribed to acute pectoris. Mr. Hannauer had served as presis dent of the Boston & Maine since January 1, 1927, succeeding James H. Hustis, resigned. Born in St. Louis, he gained his first railroad experience at the age of 18, when he entered the employment of j the Terminal Railroad Association as & clerk. He later served as a conduc- tor and, in 1897, became chief clerk to_the superintendent. In 1900 he was made general yard master and three years later was ap- pointed superintendent of the Wiggins Perry Co. in St. Louis. In 1905 he went to Chicaga and entered the service of the New York Central Railroad system as superiniendent. In 1911 he became general superintendent and, in:the fol- lowing year, general manager of the Indiana Harbor Belt Railroad and other terminal properties of the New York Central. In 1922 he was elected president of the same system. In 1917 Mr. Hannauer was made chairman of the committee on co-ordi- nation of the Chicago ter 5 A widow and two sons survive him. BURGLARS ROB HOME OF $1,700 IN JEWELRY Mrs. David Gregory Reports Thieves Entered While Family Was Away on Shopping Tour. Mrs. David Gregory reported to the police last night that burglars gained entrance through an unfastened win- dow on the rear porch of her home, at 1735 D street southeast, and escaped with $1,700 in jewelry. Mrs, Gregory said that, in company with her husband, she went on a shop- ping tour at 7 o'clock, and on return- ing to her house later found a rear window raised and the top drawer of a dressing table opened, with most of her jewelry missing. She reported that thieves, in their apparent haste, had overlooked a lavalliere valued at $200. The robbers evidently knew where the jewelry was located, for Mrs. Greg- ory reported. that nothing else in the house was touched. The woman said that last night's absence of two hours from her home was the first time in two weeks that she had been away. ‘The jewelry that the woman said she missed inciuded two diamond rings, an Egyptian amethyst ring, her wedding ring and a wrist watch. C. H. Tram- mell of the Detective Bureau is investi- gating the case, RIVER SOUNDED IN HOPE DREDGE MAY BE SAVED By the Associated Press. MEMPHIS, Tenn.. November 2.—The Saturn, Government river fleet steamer, was taking soundings today in a hole created in the Mi -issippl River by the New Madrid earthquake in 1812 to de- termine if the United States dredge Gamma can be salvaged. The Gamma sank near New Madrid late yesterday |from an undetermined cause. “Emerson Harvey, Caruthersville, " i sville, Mo., was belleved Government engineers went to the scene today and opened an inquiry into the disaster. None was able to explain what caused the boat to sink. Thirt; e members of the crew were rescued y the steamer Charles P. Richardson, whifh was nearby when the Gamma suddenly shipped water and sank with- |in 10 minutes. River men wera con- i vinced the Gamma, pride of tI - ernment fleet, l'elt&dpll :h: bnlrwgozl a tremendous hole in the river ca by the earthquake. The boat and were l‘;nh.\«l at $350,000. The Ga carried machinery an headed Memphis. s " 8 4

Other pages from this issue: