Evening Star Newspaper, October 3, 1930, Page 4

CRITICS IN ADDRESS Takes Issue Before Bankers { With Those Who Dwell on “Unhappy Features.” (Continued From First Page.) those who believe American standards ©f living should be lowered. Personally replying to opposition eampaign declarations for the first t:me, Mr. Hoover asserted befor: the Amer- fcan Bankers’ Association in Cleveland last night there were “several folks in the political world who resent the notion that things will ever get better and who wish to enjoy our temporary ‘To relate to these critics that the Government is Co-operating with the people to improve conditions and that the United Stat:s’ econcmic suffering 18 far less than that in other countries, he said, only “inspires the unkind retort that we should fix our gaz= solely upon the unhappy features of the decline.” Replies to Banker. Just before going to th- :uditorium to deliver his speech the P.:sident made a last minute addition to Dhis text in which he took vigorous exception to remarks of a banker d:legate who was quoted as saying American living stand- ards should be on a lower plan, “To that I cmphatically tHe President asserted amid ar and added: “Any retreat from our American philosophy of constantly increasing standards of living becomes a retreat into perpetual unemployment and the acceptance of a cesspool of poverty for some large part of our people.” ‘The auditorium, scene of great Eallflcll gatherings in the past, -was led during the President’s' 35-minute address. Its seating capacity is esti- mated at something over 10,000. Addi- tional hundreds heard - the speech through amplifiers in an adjoining hall, while-millions of radio listensrs caught it from Nation-wide broadcasting chains. A group of: self-styled Communist demonstratoss, carrying banners, march- ed from the public squere to the audi- torium during the speech, but they were ckly dispersed by police. Left Cleveland at Once. Immediately Rfter the speech, the s~esident boarded his special to make e return trip to Washington. ~Any recession in American husiness 3 but a temporary halt in the pros- swrity of a great people,” the President lagd his audience. He expressed con- Sfence in an early recovery, said the wankers should Elny a leading rart by supervising & flow of iit, and an ample supply of credit at low in- terest rates was available th co-operation of the banks and the Federal Reserve system. “Qur "greaent experience. in relief,” he sald, “should form the basis of even more amplified plans in the future. But in the long view the equally important thing is prevention. ‘e ‘would: need have less concern about what to do in bad times if we discovered and erected in good times further safeguards against the excesses which lead to these e did not believe the Amer- ican form of Government could solve problems by *‘direct action,” the ident indicated he might favor reduction in a the ins tax and Peviston of certeln setdons of the teais: rm act ms safeguards. against Transporfation Act. He said an “in might develop 1 taxes upon capital gains directly encourages inflation by strangling the free movement of land and securities.” As for the mnlporhu;nd act, - asserted: “During a period of depression gl T unemployment is expansion of public works and construction .in these private industries is about four or five times that in public works. the present depression these industries have done their full part, but especially the railways have been handi- capped by some provisions of the trans- portation act of 1920. With wider vision railways could be strength- ened into a greater balance wheel of stability. We have need to consider all of our _economic . legislation, - whether banking, utilitles, or agriculture, or any else, from the point of view of its éffect upon business stability.” WILE SAYS PROHIBITION IS NOT CLOSED ISSUE ‘Writer Sees National Referendum by 1932—Predicts Democratic Gains in Coming Elections. Bpecial Dispatch to The Star. BALTIMORE, October 3.—Frederic m Wile, writer and radio broad- caster, Wednesday in a speech before the ‘Women'’s Club of Roland Park, discussed tics and prohibition in a talk on ‘Behind the Scenes in Washington.” A showdown on prohibition and a na- tional vote on repeal of the eighteenth amendment will come mnot later than 1932, Mr. Wile predicted. “Prohibition is not a closed issue,” he sald. “It is as wide open as are the speakeasies of the country. It is not a y question nor a political question, it remains the one issue in which the whole Nation is interested.” ‘The Democratic party will score sweeping gains in the coming election, Mr. Wile declared. “I believe they will capture the House of Representatives or come very close-to«it,” he said. “There will be & Democratic increase in the Benate, also.” His two years as Chiaf Executive have taken a terrible toll from President Hoo- ver rhysically, Mr. Wile stated. “The President is not blessed with the worry- f temperament of Calvin Coolidge,” sald. “He has suffered visibly under the merciless barrage of criticism during the past year. After an absence of two months from Washington I was shocked at the change which has come over Mr. Hoovar.' Senator Millard Tydings was declared by Mr. Wile to be an outstanding possi- bilitv for President in 1932 on the Demo- eratic ticket. % U. S. MARINE IS KILLED IN NICARAGUA FIGHT Another Wounded in Clash After Bquad Is. Ambushed by Bandit Band. By the Associated Press. MANAGUA. Nicaragua, October 3.— One United States Marine private of tlon, or to mention that we are suffer- ar was Pvt; Law- L. Culbreth of Roseboro, N. C., a son of Lyle L. Culbreth, according. to the official announcement of the én- counter. Mortally wounded in the clash which followed an smbush of a "} economics. ad th T OLEVELAND, Ohio, October 3.— Presldent Hoover, addressing the Amer- ican Bankers' Association Convention here yesterday, said: “‘Members of the American Bankers' iation and guests: “I am glad to meet with this as- sembly of representative bankers from every State and almost every county of our country. During the past year you have carried the credit system of the Nation safely through a most diffi- cult’ crisis. In this success you have demonstrated not alone the soundness of the credit system but also the ca- pacity of our bankers in emergency. “We have had a severe shock and there has been dmr%lnllltlon in our economic syim1 which has temporanly checked the march of prosperity. But the fundamental assets of the Natlon, the education, intelligence, virility and the spiritual strength of our 120,000,000 people have been unimpaired. The re- sources of our country in lands and mines are undiminished. Scientific dis- covery and invention have made further progress. The gigantic equipment and unparalleled organization for production and distribution are in many parts even stronger than two years ago. | States Problem of Today. “Though our production. and con- sumption has been slowed down to 85| or 90 per cent of normal, yet by the | very fact of the steady functioning of the major portion of our system do we have the assurance of our ability and the economic strength to overcome the decline. The problem today is to com- plete the rostoration of order in our ranks and to intensify our efforts to prevent such interruptions for the future, e *And it is not a problem in academic It is a great human prob- lem. The margin of shrinkage brings loss of savings, unemployment, priva- tion, hardship and fear, which are no part of our ideals for the American economic system. “This depression is world-wide. Its causes and its effects lie only partly in theé United States. Our country en- gaged in overspeculation in securities which crashed a year ago with great losses. A perhaps even larger imme- diate cause of our depression has been the effect upon us from the collapse in prices following overproduction of im- poriant raw materials, mostly in foreign countries.” Particularly had the plant- ing of rubber, coffee, wheat, sugar and, to a lesser extent, cotton expanded be- yond world consumption even in normal times. production of certain metals, such as silver, copper and zinc, had likewise been overexpanded. Buying Power Reduced. “These major overexpansions have taken place largely outside of the United States, Their collapse has re- duced the buying power of many coun- tries. The prosperity of Brazil and Co- lombja has been temporarily affected from the situation in coffee; Chile, Peru, Mexico and Australia from the fall in silver, zinc and copper. The buying power of India and China, de- g:ndent upon the price of silver, has en affected. ~Australia, Canada and the Argentine have been affected by the situation in wheat; Cuba and Java have been depressed by the condition of the sugar industry; East India generally has suffered from the fall in rubber. 5 and other causes have pro- duced in some of the countries affected some political unrest. These economic disturbances have echoed in slowed- down demand for manufactured from Europe and ourselves, with inev- itable contribution to unemployment. But the readjustments in prices, which were also inevitable, are far along their ‘course. Most of these commodities are below the level at which sufficient pro- duction. can be 'maintained for worlds normal needs, and therefore sooner or later must recover. . the present depression is world-wide and because its causes were world-wide does not require that we should wait upon the recovery of the rest of the world. We can make a very TEXT OF PRESIDEN economic poverty—is perhaps not a sympathetic approach. Nevertheless, I always have been, and I remain, an vn- quenchable believer in the resistless, dynamic power of American enterprise. This is no time—an audience cf Amc ican leaders of business is no place— talk of any surrender. We have known & thousand temporary setbacks, but the spirit of this people will never brook de- feat. “Our present situation is not a new experience. These interruptions to the orderly march of progress have been re- current for a century. And apart from recovery from the present depression, the most urgent undertaking in our economic life s to devise further meth- ods of preventing these storms. We must assure a higher degree of busi- ness stability for the future. “The causes advanced for these move- ments are many and varied. There is no simple explanation. This is not an occasion for analysis of the many the- | ories such as too liftle gold or the in- flexible use of it. Whatever the remote causes may be, a large and immediate cause of most hard times is inflationary booms. These strike some segmnent of economic life somewhere in the world, and their re-echoing destructive resulis bring depression and hard timcs. Thase inflations jn currency or credit, in land or securitles, or overexpansion in some sort of commodity production beyond pessible demand even in good times— may take place at home or abroad—but they all bring retribution. Seeks Cause of Depression. “The leaders of businé$s, of economic thought and of Government have for the last decade given carnest search into cause and remedy of this sort of insta- bility. Much has already been accom- plished to check the violonce of the storms and to mitigate their distress. As a result of these efforts the period of stable prosperity between storms is and the relief work far more effec But we need not go beyond our sit tion today to confirm the need for fur- ther effort. “The economic fatalist believes that these crises are inevitable and bound to be recurrent. I would remind these pessimists that exactly the same thing was _once said of typhoid, cholera and smallpox. If medical science had sat down in a spirit of weak-kneed resigna- tlon and accepted these scourges as un- controllable visitations of Providence, we should still have them with us. This is not the spirit of modern seience. Science girds itself with painstaking re- search to find the nature and origin of disease and to devise methods for its prevention. That should be our attitude toward these economic pestilences. The; are not dispensations of Providence. am confident in the faith that thelr control, so far as the causes lie within our own boundaries, is within the genius of modern business. “We have all been much en&lued with measures of relief from the effect of the collapse of a year ago. At that time I determined that it was my duty, even without precedent, to call upon the business of the country for co-ordinated and constructive action to resist the forces of disintegration. The business community, the bankers, labor and the Government have co-operated in wider spread measures of tion than have ever been attempted before. Our bankers and the reserve system have car- ried the country through the credit storm without impairment. Our leading busi- ness concerns have sustained wages, have distributed employment, have expedited heavy co: ction. What Government Does. “The Government has expanded pub- lic works, assisted in credit to agricul- ture and has restricted im tion. These measures have maintained a higl ree O tion - than would have otherwise ‘They have thus prevented a large meas- the | re of unemployment. They have pro- vided much new empl ent. Our pres- ent experience in rellef should form the basis of even more amplified plans in the l!uzuln, But 'ln":;he l‘oanc vlewuthe equally important thing is prevention. We would need have less concern about what to do in bad times if we discovered degree of recovery independently of what may happen elsewhere. . Recalls 1922 Measures. “I should like to remind you that ‘'we did precisely that thing in 1822. ‘We were then experien the results of the collapse tion in all comm tween the business community and the Government to help mitigate that sit- uation. The rest of the world was in chaos far more severe than they are at pres- ent. The comm banks particu- larly were sufferers from a large vol- ume of frozen credits and enjoyed nothirig to compare with the comfort- able liquidity that prevails today. We then had overexpansion and Ilarge stocks, in most commodities; - today, with one or two exceptions, we are free from this deterrent. But we led the world in recovery. It was our inde- pendent recuperation from that depres- sion and’the economic strength which we so liberally and largely furnished to other countries that was the very basis for reconstruction of a war-de- moralized world. “We are able in considerable degree to free ourselves of world influences and make a large measure of independent 0! because we are so remarkably self-cf ed. Because of this, while our ecoriomic system is subject to the shock of world influences, we should be ablé, in large measure, to readjust ourselves. Our national production is oyer one-third of the total of the whole commercial world. We consume an av- erage of abo of our own production of. ties. If, for ex- Must Depend on Selves. “We:shall ‘need. mainly to depend own strong arm for recovery, as_othi are in greater diffi- culty thdn we’ We shall need again to undertake to ‘assist and co-operate with them. Our imports of commodi- ties in the main depend upon our do- mestic” prosperity. Any forward move: ment in-our recovery creates a demand for foreign raw materials and goods and thus instantly reacts to assist other countries the world over. “I wish to take your time to discuss some of the pivotal relationships of the bankers not only to the immediate prob- lem of recovery but to the wider prob- lem of fong-view business stability. A discussion of the one involves the other. “Before I enter upon that subject, however, I wish to say that no one can occupy the high office of President and conceivably be other than letely confident of the future of the United States. Perhaps as’'to no other place does the cheerful courage and power of a confident people reflect as to his of- fice. There are a few folks in business and several foiks in the political world who resent the notion that things will ever get better and who wish to enjoy ‘To recount to ing ess than other countries, or that savings are piling up in the banks, or that ote people are pa: off install- ment purchases, that abundant capital i8 mow pressing for new ventures and employmeng, only es the unkind retort that, we should our solely m,fln unhappy features of the de- v - Faith in Nation. and erected in good times further safe- %fll ainst the excesses which lead ese pressions. American business has provéd its ca- ruuy to solve some great human prob- ems in economics. The relation be- tween employer and employe has reached a more stable and satisfactory basis than anywhere else in the world. We have largely solved the problem of how to secure the consumption of the gigantic increase of produced through that multiplication of per capita production by the application of science and the use of labor-saving de- vices. That solution has been attained by sharing the savings in “production costs between labor, capital and the consumer, through increased wages and salaries to the worker, and decreased ices to the consumer with consequent creased buying power for still more . Every step in that solution is a revolution from the older theories of busin ess. “We may safely assume that our eco- nomic future is safe so far as it is de- pendent upen a competent handling of problems of productivity. But one re- sult is to render further advance to- ward stability even more urgent, be- cause with higher standards of living the whole system is more sensitive and the penalties of instability more wide- spread. Public Looks to Bankers. “There is no one group of which the public expects so much in assuring sta- bility as the bankers, because in the vortex of these storms many values lose their moorings. Nor can any other group contribute so much in construc- tive tl ht and action to solve the problem either today or in the long run. “Three most important relationships to these business movements lie in the banker’s field. ‘The first is what, for lack of better terms, we call psychology —both that contagious overoptimism which accelerates the inflation of the boom and those depths of fear and pes- 0t | simism which deepen and prolong the depression. The American banker has come to occupy & unl?ue position in the strategy of stability, for he is the eco- nomic adviser of American business. He is"the listening post of economic move- wment. He in large measure makes or tempers its psychology. “I do not suppose the banker has consclously sought this new function of general adviser, but such he has be- 36000 g0 | THE MORRIS PLAN BANK Under Bupervision U, 8, Treasury pessi- the 1408 H STREET, N. W. 'WASHINGTON, D.C, longer, the period of storm is shorter | come. His business is no longer the simple function of discounting com- mercial bills and lendm money on first mortgages. That is lay but part of his work. These days, when he estab- lishes a line of credit to a b , Or furnishes loans upon securities of & business, or advises investment in a business, he must know the elements which make for success and failure of that business. And he must form fudgment as to the future trend of busi- mess in general. Part Credit Plays. “On the other side, the American business man, big and little, the farmer and the labor leader are coming more and more to consult with the banker on problems of his business. Whatever the origin of his position may be, the banker is now the economic guide, philosopher aend friend of his customers, and his philosophy can dampen our enthusi- asm and equally it can 1ift our courage and hope. “The second point of the banker's unique position in relation to business trend lies in the part which credit plays in the whole business process. Obviously during the inflationary period the use of credit for unwise expansion and speculation draws away the supply of credit from normal business. It im- poses upon normal business an interest rate which strangles the orderly com- merce of the country. Commerce sick- ens under this pressure, its pace slack- ens and contributes to collapse. There- fore, I wish to emphasize what has long been recognized—that is, that the flow of credit can accelerate and it can retard such movements. Equally a wise direction of credit provides a large con- tribution to recovery from depressions. “The third reason why this is so much a banker's problem is that bank- ing i5 the one great line of business ac- tivity that is in itself interconnected. Each credit institution shares the credit burdens of others, and all are largely co-ordinated through national organiza- tion—the Federal Reserve system. Agencies Work Together. “The reserve system and its member banks and the Treasury participation in fact form a widespread co-operative or- ganization, acting in the broad interest of the whole people. To a large degree it can influence the flow of credit. Bankers themselves are represented at each stage of management. And, in ad- dition, the various boards and advisory committees represent also industry, agriculture, merchandising and the Government. The reserve system there- fore furnishes an admirable center for co-operation of the banking business with the production and distribution industries and the Government in the development of broad and detached policies of business stability. “You have gained much experience from the two great crises of recent years. I trust you will seriously and systematically consider what further effective measures can be taken either in the business world or in co-operation with the Government in development of such policies, both for the present de- pression and for the future. I know of no greater public service. It is a serv- ice to every business man, to every farmer, to every worker, whether at the desk or bench. I am not assuming you can do it all, or that all disturbance, domestic or forelgn, can be wholly pre- vented or cured. “The Government should co-operate. It plays a large part in the credit struc- ture of the country. Its fiscal system has most important bearings. For in- stance, I belleve an inquiry might de- velop that our system of taxes upon capital gains directly encourages infla- tion by strangling the free movement of land and securities. Refers to Act of 1920. “The regulatory functions of the Fed- eral and State Governments also have a bearing on this subject through their effect upon the financial strength of the raflways and utiliMles. During a period of depression the soundest and most available method of relief to un- employment is expansion of} public works and construction in the ulilities, rail- ways and heavy industries. The volume of possible expansion of conatruction in these private industries is abaut four or five times that in public works. “During the present depression these | My industries have done their full part, but | mig! especially the rallways have handi- capped by some provisions of trans- portation act of 1920. With T pub- lic vision the rallways could be strength- ened into a greater balance whvel of stability. We have need to consider all of our economic legislation, whather banking, utilities, or agriculture, or #ny- thing else, from the point of view of its effect upon business stability. ) “I have never belleved that our form of government could satisfactorily soive sconomic problems by direct action— could successfully conduct business in- stitutions. The Government ‘can and must cure abuses. What the Govern- ment. can do best is to encourage and assist in the creation and 'developmenf of institutions controlled by our citizens and evolved by themselves from their own needs and their own experience and directed in a sense of a trusteeship of public interest, The Federal Reserve s such an institution. How Movement Helps. “Without intrusion the Government can sometimes give leadership and serve to bring tcocther divergent ele- ments and .ccure co-operation in de- velopment of ideas, measures and in- stitutio: That 15 a re-enforcement of our individualism. It does not cripple the initiative and enterprise of our peopge by the substitution of govern- ment. “Proper co-operation among our peo- ple in public interest and continuation of such institytional growths strengthen the whole foundation of the Nation, for self-government outside of political gov- ernment is the truest form of self-gov- ernment. It is in this manner that these problems should be met and solved. “I wish to revert to the influence of the bankers, through encouragement and leadership, in expedition of our recov- ery from the present situation. You have already done much, and at this juncture the responsibility of those in control of money and credit is very great. Without faith on your part and without your good offices, the early re- turn to full prosperity cannot be ac- complished. This depression will be shortened largely to the degree that you feel that ‘z:u can prudently, by counsel and specific assistance, instill into your clients from industry, agriculture and commerce & feeling of assurance. “We know that one of the prerequi- sites of ending a depression is-an ample supply of credit at low rates of interest. ‘This supply and these rates are now available mrou:h the co-operation of the banks and the Federal Reserve System. 3 Effect of Fear Cited. “The income of a large part of our people is not reduced by the depression, but it is affected by unnecessary fears and pessimism, the result of which is to slacken the consumption of goods and discourage enterprise. Here the very atmosphere of your offices will affect the mental attitude and, if you please, courage of the individuals who will de- pend upon ,you for both counsel and money. Many, perhaps all of you, have been through: other periods of depres- sjon. Those of you who have had occa- slon to review the experience of the last will, I believe, join in the thought that there comes & time in every depression T ¢ can help move- “1 started the e that this The High Cost of CHEAP CLEANING! FOOTER'S ) NEW LOW PRICES! I-pe. Plain Dresses, $1.00 2.pe. Plain Dresses, $1.25 Lightweight Coats, $1.25 Heavyweight Coats, $1.50 Jacket Suits. .....$1.50 Women’s Hats ....75¢ Stop and Save at Footer's! Price is one thing— VALUE received is anoth- er—get both at Footer’s! It may be true that you save a few pennies else- where on cleaning, but what good will that “saving” do you, when your apparel must be cleaned again after only a few days’ wear? In addition to our new low prices—we GUARAN- TEE that you will receive the same FOOTER quality and service which you have known for 58 years! Prices opposite are cash and carry on cleaning—add 25¢c on each article for call and delivery. ) FOOTER’S 1332 G St. N.W. Phone District 2343 1784 Columbia Rd. 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No one can con- tribute more than our banking com- munity, “In conclusion I would again profess own undaunted faith in . those hty spiritual and intellectual forces of liberty, self-government, initiative, in- vention and courage which have through- out our while national life motivated our p and driven us ever forward. ‘These forces, which express the true genius of our people, are undiminished. They have already shown their ability to resist this immediate shock. Any recession in American business is but a temporary halt in the prosperity of a great people.” o CLAIM DEMOCRATS SHOW FAVORITISM mator Watson Charges Incon- sistency in Advocacy of Tariffs. Charges that Democratic Senators had inconsistently advocated tariffs af- fecting their States and then voted Ifillnat passage of the Smoot-Hawley bill were made last night in a speech by Senator Watson of Indiana, the Re- publiean leader. “Today we find the Democratic party and its allies having no policy of their own for the betterment of industrial conditions,” Watson said in a speech over the Columbia Broadcasting Sys- tem. He added it was ‘“endeavoring to destroy the leadership of President Hoover” and that for 14 months Senate Democratic leaaers had kept “American business in uncertainty as to the fu- ture of a tariff policy upon which busi- ness commitments must be made.” ‘Asserting the recent tariff increase in Canada was not a retaliatory measure, the Republican leader said the rates in fhe Smoot-Hawley bill on Canadian products were substantially lower than the Canadian rates on American prod- ucts under the Canadian schedules which existed before the Smoot-Hawley bill was enacted. ‘There are a million and a half more women than men in England. CLEVELAND POLICE | ROUT COMMUNISTS Hoover Unaware of Disorder Outside Auditorium Dur- ing His Address. By the Associated Press. CLEVELAND, October 3.—Charges of mounted policemen and swinging night- sticks broke up an impromptu parade of Communists and unemployed near the public hall where President Hoover was addressing the American Bankérs' Association convention last night. When the paraders, variously esti- mated between 600 and 800, attempted to turn toward the public hall, motor cycle officers laid down a smoke screen and mounted police charged, driving the marchers off the street and sending them dashing for doorways-and alleys. Several men were knocked down, a detective was beaten by a parader, one reporter received cuts and bruises that necessitated hospital 'treatment, an- other reporter was inadvertently struck with a nightstick wielded by a police- man, and spectators sald scores were clubbed by police. Four Men Arrested. Three store windows were smashed during the melee &nd four men were arrested for investigation. The parade had formed in the public square, a few blocks away from the scene of the disorder, after Tom John- son, a Communist orator, and others exhorted the throng to march to the public hall and protest against unem- ployment. Acting Chief of Police George J. Matowitz instructed Capt. John Savage, in charge of the escorting mounted police, to permit the parade so long as there was no violence. ‘The marchers, singing the “Interna- tionale” and other s, were forced by a line of police which surrounded the hall to turn down St. Clair avenue. After they had marched two blocks beyond the hall, many of them tried to turn back and the smoke screen was laid down, leading some, including fire- men on traffic duty, to believe tear bombs had been hurled. Soon there were cries of “fight” and the police charged. Some paraders used RAL AN PROPOSAL STRS DISCUSSON President’s - Suggestion of Removing “Handicaps” Cause of Speculation. '| By the Associated Press. A paragraph in President Hoover's speech of last night before the bankers’ convention at Cleveland became in- stantly the subject of intercsted specu- lation and interpretation in both rail- road circles and official quarters re- sponsible for railroad regulation. It was a section which expressed the de- sirability of amending the transporta- tion act of 1920 to remove “handicaps™ to raflroad functioning. Opinions at Odds. Considerable diversity in the opinions as to how the President intended the reference to apply was evident. In behalf of the important and various ralroad groups Interested in consolidating pres- ent operating systems of carriers into larger units, it is suggested that the menton dealt with the shaping of new legislation to facilitate that enterprise. Some strength was lent to this view by previous presidential utterances and messages to Congress. Principles Often Questioned. However, leading railroad spokesmen frequently have questioned principles incorporated in other phases of the act, touching on valuation, the recapture of excess earnings and standards of re- turn by which the Interstate Commerce Commission has power to fixe rates, Since the reference conceivably might - apply to any or all of these matters, it was assumed in most discussions today that President Hoover will specify his wish for changes in future addresses or messages to Congress. A variety of bills are in congressional files tentatively out- lining new legislation on all the phases of railroad control mentioned and en others as well. — iy sticks to which Communistic glclfll were attached in an effort to fight back, but were disarmed, police said. ‘The disorder was short-lived and those listening to Mr. Hoover were un= aware of the trouble. Capt. Savage insisted there was no pdlice violence and that he Halted the parade because it became a traffic menace. §ro NEW YORK AVENUE a ¢ FIETEENTH LearBury Collége Clothes Correctness Is Their Tradition The bizarre, the freakish The personal whims or are never found in ideas of designers Learbury clothes. are completely absent. Instead Learbury goes right to the leading campuses of the country and assures correctness for its styles by consulting college leaders and adopting their style preferences. The success of this plan is proved by the fact that authentic college clothes mean “Learbury” wherever you go, In Wash inigton, Learbury clothes are exclusively at the P=B store. s40 45 All Learbury Suits with Extra Trousers NATIONAL