Evening Star Newspaper, May 6, 1932, Page 1

WEATHER. (U. 8. Weather Bureau Forecast.) Fair and warmer tonight snd to- ww; gentle to moderate southerly ds. ‘Temperatures—Hi yesterday; lowest, 54, , 71, at 1 pm. at 5:15 a.m. todsy. Full report on page B-11. Closing N. Y. Markets, Pages 14 and 15 WITH SUNDAY MORNING EDITION he & pening Star. Au?cilted service. The only evening paper in Washington with the Press news Yesterday's Circulation, 126,028 Entered post office, No. 32,147. second class matter Washington, D. WASHINGTON, D. C, FRIDAY, MAY 6, 1932—FIFTY PAGES. #%% () Means Associated Press. TWO CENTS. — ASSASSIN SHOOTS PRESIDENT O DOUMER IS NEAR DEATH FROM 2 BULLET WOUNDS; RUSSIAN SEIZED ‘WHITE ‘Author Is Shot in Capturing Gunman. VICTIM RECEIVES TRANSFUSIONS ‘Die for Fatherland!’ Man Shouts as He Fires. By the Associated Press. PARIS, May 6.—At 6:45 o'clock this evening the senior surgeons attending President Doumer left the hospital after pronouncing his condition “very satisfactory.” The Presi- dent’s nephew said the patient’s chances now were largely a matter of his advanced age, since no vital spot had been struck. He said his uncle had shown some improvement in the past two hours. By the Associated Pres: PARIS, May 6.—President Paul Doumer, critically wounded by an assassin identified as a “white” Russian, late today underwent two blood transfusions and a trepan- ing operation, and the doctois held out some hope he might re- cover. The police hammered at the assassin until they learned that his name is Paul Gouguloff, that he had come here from Monaco especially to commit this crime and that his motive was revenge for the French refusal vene in Russia agal bolshevik. 95 Gouguoloff was born a Cossack, he told them, and two years ago formed what he called the Society of Russian Fascists. This evening the mimst{y of the in- terior issued this statement. “Today at 3 o'clock President Doumer, during & visit to an exhibition by war Veteran writers, was the_victim of an attempt on his life by a Russian Anar- chist who appears to be not in full pos- session of his faculties. ““The President was struck by & bul- jet in the head and another in the r, which caused a flesh wound. He was taken to Beaujon Hospital. where he received the sttentive care of Jeading surgeons.” Condition “Very Grave.” At Beaujon Hospital this statement ‘was issued at 5:30 o'clock by the physi- cians attending the President: “The President was struck twice by bullets, once at the base of the chranium d the other just under the right sboulder-blade. “There was extensive hemorrhage and a pronounced state of shock “Two transfusions have been made. “The situation is very grave.” It was signed by nine doctors. United States Ambassador Edge and Norman H. Armour, secretary to the embassy, were among the first to visit the hospital. At 5:30 o'clock Mr. Edge sent another embassy secretary to get the Jatest report on the President’s con- dition. The secretary was told that a second transfusion had just been per- formed. Then Mr. Edge sent a radio- gram to Secretary of State Stimson, Wwho is on the way back to Washington aboard the steamer Vulcania Ambassador Edge issued this state- ment: i “1 am greatly shocked at this das- tardly attack on the President. No man in public life commands greater respect and admiration. In my freguent con- tacts with him I have always been deep- Jy impressed by his kindliness and friendly consideration. I join with my countrymen in hoping for his speedy Tecovery.” Mgr. Maglione, the papal nuncio, pre- sented a message of sympathy from Pope Pius to Premier Tardieu tonight in connection with the attack on the President Author Captures Assassin. M. Doumer had come from the Elysee Palace with Claude Farrere, the noted suthor. Together they entered the grand hall of the Baron De Rothschild Foundation near the palace. Farrere walked with him up the grand staircase, where the President paused (Continued on Page 2, Column 1) 0’CONNOR REAPPOINTED Member Shipping Board. President Hoover today reappointed T. V. Q'Connor, chairman of the Ship- pioe Board, for a new term as a mem- 1 of ‘that board O'Connar was appointed by President Named by Hoover of Harding.in 1821 and renamed by Presi- | dent term. CANDIDATE WON'T RUN Nominee of National Party Wants Coxey to Make Race. VINELAND, N. J., May 6 (#)— George 1. Wilson, druggist, who was nominated as the presidential candi- date of the National party at its con- vention in Indianapolis last Tuesday today decided not to accept the nomi- nation. Wilson, who is 72, said he would recommend to the nominating commit- Coolidge in 1926 to a six-year tee of the party that it select Jacob 8. |ing Coxey, mayor of Massillon, Ohio, and leader of the famous “Coxey's Army,"” as the candidate. 9 | PRESIDENT PAUL DOUMER. AL BONIS PLAN AREVOTED DOWN V-a'nd Means Committee Also Decides on Unfavorable Report for New Money Bills. By the Associated Press, All plans for cashing the $2.000,000,000 soldiers’ bonus were rejected today by the House Ways and Means Committee on a 15-to-10 vote. The committee further voted to re- | port the new money bills to the House adversely. | ‘This action creates a parliamentary | situation that will delay any effort to | force a House vote through a discharge petition. | " Acting Chairman Crisp announced | the committee action, but declined to MASSIE MAY QU FIGHT FOR PARDON Darrow Advises Four Clients Not to Push Matter at Present Time. | By the Associated Press. HONOLULU, May 6.—Lieut. Thomas H. Massie, his socially prominent mother-in-law, Mrs. Granville Portes- cue, and two Navy men may not seek a pardon for their conviction of man- slaughter in the slaying of an Hawailan. The sentence of each, 10 years at hard Jabor, was commuted to one hour by Gov. Lawrence U. Judd of Hawail. | They served that in custody of the ter- | give out the individual vote of members. | ritorial high sheriff and were not at any All the 25 members were recorded, some | time confined in prison. Then came the by proxies. announcement a full pardon would be Representative Patman, Democrat, of | Texay, chief bonus advocate, has op- | S0Ught for the four, who were tried for the committee action making an | lynching Joseph Kahahawal, who al- g::nzg:nb:\efl;:pag;no the Houf,e, Uli!;‘leaedly had confessed participation in ys would e the first day on which s vote | & criminal attack on the naval officer’s could be forced through a petition | “ie, Mrs. Thalla Massie signed by 145 members. JDCICAtiOn: WeRe Joday Hat, Dpon the Represintative Rainey of Tllinols, the | dvice of Clarence Darrow, their ad- | viser and defender, they would discon- il leader, was designated bY | jinye their efforts to obtain a pardon. ‘po;tctbm{:e"fi;“flm““ the adverse re-| "'narrow denied he had ever asked ] | cov. Judd to pardon the convicted | | catone course now open 1o bonus advo- | quartet, explaining that newspaper men a5 e odicion of”s specia] 48" CAEIEN, P AR I erre, : legislative status. Such & resolution | fai iy e, Sh0 'heY OUBhL lo have a would go to the Rules Committee and | "L, Pardon- should this committee fail to act after seven days a discharge petition would be in order. |~ Rainey said that in view of the forth- coming ~adjournment of Congress in | time for the national conventions the committee action definitely killed any | opportunity for a House vote on the Minimizing the importance of a par- don, Darrow advised them late last night to let the matter drop. He told them to accept Gov. Judd's commuta- tion of sentence without seeking further relief at this time. He suggested the restoration of their citizenship rights— rights which they did n.t regain by the | commutation—be taken up later bon! e Although indicating that Massie, Mrs | ~ (Continued on Page 2, Column 2.) SHIP, AFIRE, ABANDONED | e NEW YORK, May 6 (7).—The schoon- | Attempt to Bomb Train. er Herbert Parker, of Gloucester, Mass., | CAIRO, Egypt, May 6 (#).—An at- | has been abandoned aflame off the New | tempt to bomb & train on which Premier | | Jersey coast, a message to the Coast|Sidky Pasha was traveling near Tor, | Guard said today |on the Sinai Peninsula, failed today | The cutter Reliance reported she had | when the bomb exploded prematurely. taken the master and crew of 13 on| Two watchmen were killed and three board. | others injured by the explosion. ’ - |NEVER SELL AMERICA SHORT, MR. MELLON ASSURES BRIT ISH | Ambassador Quotes Morgan for Expressing Country’s : Hopes for the Future. By the Associated Press. | when we shall find ourselves on a more | LONDON, May 6—J. P. Morgan's solid economic foundation and the on- | four-word sermon: “Never Sell America ‘"fldgflflch of progress will be re- |Short” was preached again today by |SUTed: o, | The Ambassador said that often it is United States Ambassador Mellon to a | dificult to obtain a true picture on gathering of bankers and business men |one side of the ocean of what is hap- at a luncheon in London's city hall. ngm ‘";'"‘f 0';‘;2‘“ ot pead Kb | “Over here,” , “you res a | Guests at a luncheon of bankers and | our Congress is having difficulty bal- business men where United States Am- |ancing the budget, and one is apt to | bassador Andrew W. Mellon spoke to- |8et an impression that there is a lack day observed that the Ambassador |Of Will on the part of either the Con- drank whisky and soda during the |Tess or the country, whereas the op- meal. posite is the case. The country has When he first came to London re- |determined that the Government shall cently, Mr. Mellon, questioned as to 5t its own house in order and that whether there would be a cellar in the the public credit shall be protected embassy, said he would follow the cus- | at all costs” | tom of the country. | Mr. Mellon said the important thing |, “A great and patriotic American who |to remember is that Congress is seek- 1llved in England and loved his country ing to levy over a billion dollars in |once said to a compatriot, ‘never seil | new taxes and that that is not an | A.l:ner!cn thort," " said Mr. Mellon. |easy thing for any legislative body to do. | “I would reiterate what Mr. Mm'm\ President Hoover, he aid, “has shown |said then, and I would apply it to|leadership of the highest order,” and | England no less than to my own country. | when the full effect of the legislation “None of us has any means of know- | he has Inspired is felt, “banking and when or how we shall emerge from | business organizations will be in posi- the valley of depression in which the |tion to take advantage of any improve- world is now traveling. But I do know ment in the general situation wi * that as in the past will come | comes.” RANCE MRS. MLEAN TELLS JURY OF PAYMENT 10 GASTON MEANS Inquiry Into Alleged $100,000 Fraud in Lindbergh Kidnap Case Finished. ATTORNEY AND BUTLER ARE OTHER WITNESSES Unable to Make Bond, Former U. S. Agent Stays in Jail—Officials Forecast Indictment. A melodramatic story of how she al- legedly was defrauded of more than $100,000 by Gaston B. Means, former Department of Justice agent, Wwho claimed he could recover the kidnaped Lindbergh baby, was related to the Dis- trict grand jury today by Mrs. Evalyn Walsh McLean, estranged wife of the publisher of the Washington Post. The grand jury completed its in- vestigation before nocn after hearing, only Mrs. McLean, her attorney, Nel- son T. Hartson, and her butler, Gus- tav Griffoni. United States Attorney Leo A. Rover announced the jury will report on “regular indictment day,” next ‘Tuesday. The portly Means, who was arrested at Scott Circle yesterday after being trailed from Chevy Chase by a Depart- ment of Justice agent and Deputy Mar- shal John Clarkson, was not called by the grand jury. He languished in a cell at the District jail, where he was taken yesterday afternoon on faflure to make bond of $100,000. Means' Home Watched. Officials were confident of obtaining Means' indictment under a warrant charging larceny after trust. The war- rant was issued yesterday by United States Commissioner Needham C. Turn- age at the request of the United States Bureau of Investigation, which had con- ducted an intensive two-day inquiry. J. Edgar Hoover, director of the bureau, and John M. Keith, agent in charge of the local fleld office of the bureau, were in consultation with Rover &t the grand jury room. At Hoover's direction, Keith had kept Means’ home at 112 Leland street, Chevy Chase, Md.. :lnder constant surv ce since Thurs- y. 2 o Mrs. NiéLaati, fashionably attired in black satin, with black straw hat and fur, said as she entered the jury room: “This is distasteful to me, of course, but I am going through with ft.” Hartson added: “She knew all the time of Means' past record, but she certainly believed this was one time he would come through.” The attorney sald Griffoni was called as a witness because he was present when Mrs. McLean is alleged to have turned the $100,000, in $50 and $100 used bills, over to Means at her home several weeks ago. Bureau Continues Probe. Hoover, when questioned in Rover's office, said his bureau is continuing its investigation of Means' activities in connection with his claims of having contact with the kidnapers of Charles Augustus Lindbergh, jr. He indicated none of the money, total- ing $106,000, including “expenses,” has been recovered. It is understood = search warrant may be obtained to per- mit a thorough inspection of Means' home here and in Concord, N. C. It was in the latter place that Means is reported to have declared he left the money during a phase of the “negotia- tions.”, It had been planned to call Rev. Francis J. Hurney, pastor of the Im- maculate Conception Church, and pos- sibly the president of a local bank as other witnesses before the grand jury, but it was explained additional testi- mony was found “‘unnecessary.” Father Hurney served as an *‘observer” in the transactions between Mrs. Mc- Lean and Means after the latter had suggested, it was alleged, that the serv- ices of a Catholic priest were desired by the kidnapers to insure “good faith.” Mrs. McLean was accompanied to the grand jury room by Hartshorn and an- other attorney, Albert W. Fox. She re- mained in the room about an hour, Means Taken by Surprise. If the grand jury indicts Means it will obviate necessity for his appear- ance before the United States commis- sioner next Tuesday for a preliminary hearing. Means was unaware he was being shadowed at his home, and was taken by surprise when his car was halted at the intersection of Massachusetts and Rhode Island avenues yesterday after- noon by the Federal officers. Just prior to the arrest Deputy Mar- shal Clarkson, driving the automobile of Special Agent Keith, lost control of the car and drove it into a flower gar- den in front of a residence Leaping out and leaving the official car amid the flowers, Clarkson and the Justice agent commandeered a private automobile and continued the chase, overtaking Means at Scott Circle. Means readily agreed to submit to ar- rest when Clarkson flashed his official badge. Later police found Keith's car in its unusual parking place and took charge of it on the theory it had been aban- (Continued on Page 2, Column 5. MACDONALD RESTLESS AFTER EYE OPERATION Condition Regarded as Satidfactory as British Premier Continues Fight to Bave Sight. LONDON, May 6 (#.—A medical bulletin issued from Downing street this morning said Prime Minister Ram- say MacDonald, who underwent an operation on his right eye for glaucoma yesterday, had a sémewhat restless night, but the condition of his eye was satisfactory. The ailment, which might eventually lead to blindness, resulted four months ago in s similiar operation on the left eye. It will be necessary, the physicians said, for Mr. MacDonald to rest at least six weeks, He e ts to be able to return to his du in time for the Lausanne Reparations Conference in T |SAMORE) - INTERESTING = g N COLLECTION #Z ~ THAN MY & 3 HOUSE TURNS DOWN SENATES BLANKET 10 PER CENT SLASH Labor, Justice, and State Supply Bill Goes to Conference. By the Assoclated Press. ‘The House today disagreed to the Senate amendments to the supply bill for the State, Justice, Commerce and Labor Departments and asked-for a conference. The entire subcommittee was ap- pointed as House conferees. They are Renresentatives Oliver, Alabama; Grif- fin, New York; Cannon, Missouri; Blan- ton, Texas; Shreve, Pennsylvania, and Tl.r_i_khhlm‘ mfi;mtu. e en as it passed the House carried a total of $124,215,992.33, which was cut by the Senate to $111,- 792,939.12. The 10 per cent slash on the total of the bill does not mean 10 per cent on each jtem in the bill, but is covered under 291 amendments. For example, in the Department of Commerce, the Bureau of Foreign and Domestic Com- merce suffers a 20 per cent slash; the Bureau of Standards, 18 per cent; the Federal Stabilization Board, Radio Di- vision, and Bureau of the Census, each suffers a 17 per cent cut. These figures all represent reductions made by the Senate beyond the re- ductions which had been made by the House. For these four departments the cur- Tent appropriation totaled $139,001,- 704.34. the next fiscal year, submitted in the budget, was for $129,784,136.80. The House reduced these to $124,215,992.33, and the Senate reduced them to $11 792,939.12. The Department of Com- merce appropriations for 1932 are $54,332,230; the budget estimate for 1933 was $44,716,304; the House Com- mittee’s report was $44,129,857; the bill s it passed the House carried $43,935,- 242; the Senate reduced this to $39,459.901 459,908, For the State Department, the 1932 appropriation was $18,365,073.34; the budget estimate was $16,683,071.89; as passed by the House, $15,192,148.33; as passed by the Senate, $13,658,761.12. For the Department of Justice, the 1932 appropriation totaled $51,229,201; | the budget estimate for 1933 was $53,- 900,364; as passed by the House, $50,- 781,215 as passed by the Senate, $45,- For the Labor Department, the 1932 appropriation was $14,985,200; the esti- mates for 1933 were $1 ,39° $14,346,827, as passed by the Senate, $12,875,770. SHOUSE’S MOTHER SUCCUMBS IN OMAHA i Chairman of Democratic Committee at Bedside as Death Ends Long Illness. By the Associated Press. OMAHA, Nebr, May 6.—Mrs. Anna Shouse, 90, mother of Jouett Shouse. chairman of thé¢ Democratic Nationa! Executive Committee, died at 1 o'cloc this morning at the home of her daugh- ter, Mrs. Sidney Smith. Mr. Shouse was at her side. She had been in failing health for several years and critically ill for the last week. Mr. Shouse arrived here Thursday morning. Private funeral services will be held at the residence this afternoon at 4 o'clock. The body will be sent to Lex- ington, Ky., Mrs. Shouse’s former home, where final services will be held Sunday morning. GARNER SETS SELF AFIRE Hot Ashes From Cigar Fall on Speaker’s Hair. By the Associated Press. Speaker Garner today set himself afire. At his daily press conference, he raised his right hand to brush his white hair, as he often does. But in that- hand was a lighted . Its hot ashes fell on his hair and burned three patches before the Speaker slapped the fire out. He was not injured. Commerce | BY DAVID far beyond the question of fluctuating Never before has the Congress of tax_legislation. RESPONSE 15 SEEN 10 HOOVER'S PLEA President to Issue Second Statement Today Appealing Directly to Count_ry. BY G. GOULD LINCOLN. ‘The first fruits of President Hoover's urging speed on budget-balancing in the financial and business capital of America. superficial irritations as the Stock Exchange inquiry or even the chaocs over special message to Congress y:sterdayl CONGRESS SEEN FORCING U. S. TOWARD DISASTER Writer Finds Demoralization and Fear in Business World Over Legisla- tive Acts and Threats. LAWRENCE. NEW YORK, May 6—The biggest enemy that business recovery could possibly encounter has seized the financial and business community to an extent markets. the United States stricken such terror It is not explainable by such Disaster Is Seen. It is an apprehension abput funda- | mentals—a belief that Congress by its | indecision does not realize the extent to which it is forcing the country to the brink of economic disaster. Interviews with some of the people who have funds to invest for large institutions, such as insurance com- panies. educational institutions, trust estates and the like, reveal the reasons | why people in positions of responsibility are spending sleepless nights. They | may be enumerated thus: | First, a belief that Congress is mot aware of the way Government credit has been slowly built up by Federal Re- serve open market operations, only to have confidence suddenly upset by definite indications, such as the Golds- | borough bill, that tinkering with the | currency is really cherished vet as an artificial cure to money conditions. Second, a fear that the unequal sys- | tem of taxation proposed will never i The President’s estimate for | legislaf re; ith | yield the revenues talked about and egalition were xopees today W |that the budget will not be actually the perfection of the revenue bill by | fent Do the Senate Finance Committee and the | boines will be R i o Tejection by the House Ways and Means | large quantity once more, thus affecting Committee of the soldiers' bonus bill. | the price of long-term gecurities maw Meanwhile, the President made plans | *Tii5 g growing conviction on the to go to the public in appealing for im- | part of possessors of large foreign bal- mediate action on budget-balancing. |ances held in America that the time Shortly after 4 p.m. today he will make Column 1.) & public statement seeking to gain sup- port throughout the country behind the | militant drive started in his special | message to Congress yesterday. Other indications this message would be effective in bringing about quicker (Continued on Page WHITNEY FIRM’S ACTION CRITICIZED action on the tax and economy ques- tions confronting Congress were in evi- dence today. Several of the Democratic Senators, following the lead of Senator Robinson of Arkansas, said there was no disposition on their part to deal with tax and economy legislation from a partisan point of view. They said they would co-operate with their Republican colleagues to get this legis- lation through as rapidly as possible. X ; as|Among them was Senator Walsh of | passed by the House, the bill carried Montana. Senate Being Watched. ‘The eyes of the country turned par- ticularly upon the Senate today. The House has passed the final drafting of tax and economy legislation to the Up- per House. The fact the Senate is be- ing watched by the country and will be so watched during the next few weeks apparently was having effect upon the members of that body. A certain amount of underlying re- sentment to the President’s message existed. Some of the Democrats are inclined to take the position the Presi- ["dent was angling for popular approval, while he was striking out at Congress because of delay of budget-balancing legislation. Reacting to the message, Chairman yrns of the House Appropriations resented figures to Page 3, Column 2.) (Continued David Stock, Assistant Counsel of Senate Committee, Discusses Bond Deal. A statement criticizing the action of | the firm in which Richard Whitney, president of the New York Stock Ex- change. is a member, in purchasing German reparation bonds to support the market while the bonds were being sold, was issued yesterday by David Stock, assistant counsel for the Senate Banking Committee. Emphasizing he was speaking as an individual and not as an official of the committee, Stock compared the action of Whitney's firm with manipulation of the market which he pointed out Whit- ney said was a violation of Stock Ex- change rules. ‘Whitney testified in the commit- tee's_stock market investigation that his firm bought $9,200,000 of German reparation bonds on'the order of a syn- dicate headed by J. P. Morgan. “It is difficult to see wherein the sup- port of a security at a price higher than it would ordinarily go to, in order to sell |it to the public, differs from the manipulation of a bull market pool which has the same purpose,” Stock said. By the Assoclated Press. CHICAGO, May 6.—Thanks to the depression, Chicago’s death rate is low- er, prominent physicians observed today Their explanation is that fewer per- sons are dying because there is not so much eating and drinking, but more walking and physical recreation. Dr. Herman N. Bundesen, commis- sioner of health, said there were 900 fewer deaths in Chicago the last four months than for the same period of 1931, “ SLUMP REDUCES CHICAGO DEATHS, EATING LESS PROMOTING HEALTH Physicians Give Share in Credit to More Walking and Physical Recreation. | “People are eating less” he sald. “About one-third of what they eat keeps them alive; the other two-thirds | keeps the doctor alive. People are | walking more, working harder, doing | more things for themselves. They are | getting more sleep.” | * Lessened drinking and eating, de- | clared Dr. Karl Meyer, head of the Cook County Hospital, has helped cut down the number of respiratory dis- | eases and build up resistance. | Respiratory diseases travel in, cycles, | with the high point several years away. |sald Dean Irving C. Cutter of the Northwestern University Medical School, COMMITTEE VOTES COMPROMISE BILL ON TAXES AS MILS ASSAILS ORIEINAL Secretary of Treasury Tells Senate Group That Reve- nue Measure Has Dealt Blow to Public Confidence. HIGH INCOME RATES CUT IN MODIFIED PROPOSAL New Levy Placed on Rubber Im- ports—Automobile Assessment Raised From 3 to 4 Per Cent. Return for 1933 Under Changed Schedule Put at $1,004,000,000. By the Associated Press. The Senate Finance Committee today adopted a compromise tax bill, estimated by Secretary of the Treasury Mills to raise $1,004,000,- 000 in 1933. Confronted with a warning from Secretary Mills that it had dealt a disastrous blow to publie confidence and with word that the President was about to issue a statement calling the attention of the country to his views for a prompt balancing of the budget, the committee accepted a com- promise program presented by the administration. Calling for modification of the high income rates, it was ad- :;x;:ed by Mills and was accepted, Surtax Rates Reduced. The surtax income rates were modi- ?Sed!mmlmxlmumo(flmcemw Normal rates of 3 per cent on the first $4,000 income, 6 per cent on in- | comes over $4,000 and 9 perweent on incomes over $8,000 were approved. These yesterday had been raised to 4 and § per cent for the first $4,000 and By an 8-to-7 vote, the committee added a provision imposing a tax of 80 per cent on bonus salary payments Was sponasred by Bemsiee ool Sooent nator Gore, m’l!".h:!.volkyhhm“ P “July 1, 1934, limit on the li of the new excise taxes was rmurer; fo 'ae” measure, together with the a o it d g'rAupd redtd per cent eductions on new levy of 5 cents a pound on ru’l;:r irnoombl‘lvu added. 4 e automobile ta: £ g 4‘09“ iy x was raised from evious rates of the committee o lk‘eg,tm' telephones and telegraphs. wers The committes then voted to accept in full the program outlin 3 okatens i hnls Elimination of the 1! per cent added :‘Axmun consolidated returns of corpora- ons. Reduction of the exemption on ad- missions to include 10 per cent tickets in the 10 per cent tax. Stock and Bond Rates. Approval of the committee’s rates on stock and bond transfers of 4 cents. Exclusion of tires from the automo- bile accessories tax of 1 per cent. Approval of the increased postal rates on first and second class malil. A rate of 4 cents a gallon on lubri- cating oil. Approval of 2-cent levy on all bank checks; 3 per cent tax on gum; 15 cents a gallon on brewer's wort; 2 per cent on automobile trucks; 3 per cent on ofl pipe lines. The corporation rate of 14 per cent agreed upon by the committee was re- The House estate and gift tax sched- ules previously adopted by the commit- tee were retained. |STOCKS FORGE AHEA ON HOOVER MESSAGE Wall Street Cheered by Prospect of Early Balancing of U. S. Budget. By the Assoclated Press. NEW YORK, May 6—Stocks made their best gains in some time today co- incident with Washington news that Wall street labelled as “constructive.” Progress toward a tax bill agreement in the Senate Finance Committee, the House Ways and Means Committee de= cision to report adversely legislation for a cash bonus and President Hoover's budget message were the chief develop- ments to which brokerage houses at- tributed the rally. Shares moved indecisively in the morning, but pushed higher in more active trading during the afternoon when net gains of $2 or more became numerous. American Telephone was strong, rising about $3 to the vicinity of $100. Tobacco stocks were cheered by elimination of the proposed tax in- crease from the Senate bill. United States Steel rose more than $1, while Coca-Cola, Santa Fe, Allled Chemical, Eastman and American Can were up $2 to $3. Pan-American Petroleum & B jumped more than $6 on news of the terms for acquisition of its rties by Standard Ofl of again quoted at rates unfavorable to for Turther shipmenis of ol Yo Bur lor of gold to Bu- rope, chiefly Holland. Radio Programs on Page C4