Evening Star Newspaper, March 15, 1933, Page 1

WEATHER. (U. 8 Weather Bureau Forecast.) Fair and much colder tonight; lowest temperature tonight about 30 degrees; to- morrow fair. Temperatures—Highest, 74, at 4:15 p.m. yesterday; lowest, 48, at 3:00 a.m. today. Full report on page 9. Closing N. Y. Markets, Pages 14 and 15 No. 32,460, post office, BANKING OF NATION NEARLY NORMAL AS AGTIVITIES EXTEND Smaller Institutions Resume Business on Third Day of Reopenings. EVERY STATE IN UNION HAS FINANCIAL FACILITIES Deposits Continue to Exceed With- drawals—Some Restrictions Taken From Savings. By the Associated Press. The Nation's banking system began tunctioning on afi almost normal scale again today as the third day of Presi- dent Roosevelt's progressive plan for the reopening of financial institutions found activities extended to virtually every section of the country. Hundreds of smaller institutions Joined the throng of larger banks re- opened during the past two days in the 12 Federal Reserve district cities and in the 250 clearing house centers. The New York Stock Exchange re- opened for the first time'in 12 days and » wave of buying swept the prices of many leaders 1 to 4 points up. Stocks traded in blocks of 1,000 to 5,000 shares during the first few min- utes. Other exchanges also resumed trad- ing and on the Chicago Exchange brewery stock made a quick advance of 3 points on the strength of confi- dence in the monetary system and the g:ospect of the early legalization of er. . The Chicago Board of Trade and the cotton market deferred reopening until some communities in outlying sec- tions of the Nation returned to full banking activities. Clearing of checks started on & Na- tion-wide scale. Foreign marl continued firm. Every State in the Union had bank- ing facilities. Michigan, the “veteran” bank holiday State, reopened no less than 149 commercial institutions. Deposits continued to exceed with- drawals and in many instances, come restrictions were lifted of withdrawals| from savings banks. Massachusetts raised its withdrawal restrictions from these banks from $10 to $100 for in- dividuals. Everywhere the people were saying: “The crisis has passed.” REOPENINGS EXTENDED. Banks Kept Busy as Holiday Ends for | Smaller Institutions. NEW YORK, March 15 (#)—"“Bank- | er's hours,” long the facetious synonym for a sinecure, continued today to belie the implication of leisure, as the work to speed reopening of the Nation’s sound banks was pushed forward. In most Federal Reserve Bank cen- ters officials worked well into the night in earnest effort to hasten aul tions for bank reopenings today. State banking superintendents and their offices | aiso found the task a heavy one. Everywhere the ambition was to au- thorize openings as swiftly as the rou- tine details could be accomplished. More than 1,500 banks already have been opened in the first two days of the week, and included in that number are the major banking institutions of the country. Those which were given the signal to resume business today were greater in number by far than those already opened, but they were compara- tively emall. Exchanges Delayed. Despite their lack of pretension to size, many of the banks which opened today play an important part in the movement of products of the soil, and it was the fact that so many of these (Continued on Page 4, Column 4.) $500,000 JEWELRY SEIZED WITH MAN Yoot at Miami Beach, Fla., Includes Gems Taken From Grace Moore, Operatic Singer. By the Associated Press. MIAMI BEACH, Fla, March 15— Police Chief Rcbert Teaney announced stolen jewelry valued at $500,000 had been recovered with the arrest of Harry Sidmor, 38, of New York City. Included® among the recovered loot were gems with an estimated value of $65,000, stolen from the hotel room of Grace Moore, operatic singer, last month, while she and her husband ‘were swimming, Cief Teaney said the recovery also included jewelry valued at more than $70,000 taken Monday night from the hotel room of Mrs. Bertha Keller, New York City, and loot of smaller, valuation from the rooms of Mrs. Murray Miiler Entered as second class matter Washington, 115G he WASHINGTON, D. ¢, BANK REOPENING REVIVES TRADE AS MONEY FLOWS Funds Continue to Sweli Deposits After Record Day—Local Stock Exchange Resumes Tomorrow. ‘With money again coursing through the city's revived banking channels, the Washington Stock Exchange ready to open tomorrow, and the marts of trade reflecting the wave of restored confidence that has followed the bank- ing holiday, Washington today was get- ting back on a normal business basis. Heavy deposits were being made again in the 20 Washington banks which re- opened yesterday under Government licenses permitting them to carry on all banking functions. A survey of the banking situation here showed the banks yesterday receiv- ed about $10,000,000 in deposits, break- ing il records in local history, accord- ing to Henry H. McKee, chairman of | ciation. At the same time, withdrawals | were very small, compared with de- posits, Mr. McKee said. | “Yesterday was without doubt the | biggest banking day in the history of the District of Columbia,” said Mr. McKee. “People seemed more inter- ested in putting their money back into local banks than taking it out. They seemed to be relieved at the opportu- nity again to re-establish banking rela- tions and to carry on normal banking activities, There was a spirit of real optimism and enthusiasm.” When the local banks opened for business there was a rush of Govern- ment clerks to cash their March 15 pay checks. Last week, under special Treas- ury regulations, Government workers were permitted to cash pay checks’at local banks, and in all instances re- tained the cash. Today they were de- positing their new checks on their reg- ular accounts. Money also came into the local banks from the Washington Clearing House Association, which for the first time | the Washington Clearing House Asso- |Since the seven-day bank holiday began an interchange of checks between the institutions here. Some checks from out of town were also being cleared at the " (Continued on Page 5, Column 1) STOCKS PUSHED UP §170 §6 PER SHARE Wave of Buying Sends Mar- ket Forward as Trading Is Resumed. By the Associated Press NEW VORK, March 15.—The Stock | Exchange resumed operations with a brillilant display of bullishness today, celebrating the end of its first impor- tant shutdown since 1914. Buying swept through the market in | the first half hour with transactions of | 1,000 to 6,000 shares, and prices of lead- ers soared from $1 to more than $6 a | share. Bears were crushed under the weight of buying, and struggled to ex- | tricate themselves. | Early Gains. American Telephone, ex-dividend, rose to $1C3 in the first half hour, up $5.37; United States Steel, above $29, up more than $23; Pennsylvania Rail- | road, above $17, up more than $2; Amer- | ican’ Can, $58, up more than $3; Gen- | eral Motors, above $12, a gain of over | $1.50; Anaconda, $8, a gain of $2; In- ternational Harvester, close to $20, a gain of $3; Union Pacific, $74, up about $5; Allied Chemical, close to $83, a zain of more than $5; Montgomery Ward, above $12, and up close to $2; New York Central, above $18, up $2.50; Comn | Products, up more than $6 above $55. The so-called wet stocks boomed. Owens Illinois Glasc, a leading bottle | manufacturer, shot up more than $6 to | above $40. National Distillers rose | about $3 to above $23. Crown Cork rose more than $4 to above $20. Coca- | Cola, after sagging a few cents, how- ever, regained its loss. | Stock calculated to benefit from rising | prices of raw staples, as indicated by strength of spot markets recently, also up. American Sugar Refining rose more than $4 to ciose at $30; Anaconda Copper rose $2 to & price of $8; South Porto Rico Sugar, up $3 to $21; Kennecott rose $2 to close at $10; | Internaticnal Harvester rose $3 to close | at $20, and J. I. Case rose about $4 to | above $40. New York City Bank & Trust Co. stocks were irregularly lower. There | were small initial losses for Bankers' ‘Trust, Chemical, National City, First National, Irving and Corn Exchange. Guaranty Trust jumped $5 and Com- | mercial National rose $10. Chase was slightly higher. Bond Advances. Among the most active bond gainers at the opening were Armour & Co 4155, up $7.50 per $1,000 bond; Santa Fe 4125, up $5; Chicago & Northwest- ern 4%s, up $1250; St. Paul 5s, up $10; Missouri Pacific 5l¢s, up $12.50; Missouri Pacific 5s, up $17.50; North American 5s, up $3.75; Frisco 4%2s, up | $250, and Duquesne Light 4125, \lp‘v $2.50. | Foreign bond advances, per $1,000 issue, included Belgian 7s, up $2.50; French Ti:s, up $7.50, and German 5158, up $10. SYKES APPROVED Senate Report Favorable on Reap- pointment to Radio Commission. A favorable report on the nomination of Eugene O. Sykes of Mississippi, for reappointment to the Federal Radio Commission was voted today by the Senate Interstate Commerce Com- mittee. Chairman Dill told newspaper men he would report the nomination to the Senate this afternoon for disposition and Mrs. Sophie Ingle, also of New York. when the Senate desired. FIRST LADY LOATH TO SLEEP WHEN HISTORY IS IN MAKING Former Pupils at Todhunter School Told of Thrill During | First Week in White House. By the Associated Press. NEW YORK, March 15.—Mrs. Frank- lin D. Roosevelt told her former pupils at the Todhunter School for Girls today that during her first week in the White House she was afraid to go to bed nights Jest “something interesting might hap- pen while I was asleep.” 5 “You can get a big thrill out of his- tory in the making, even though you have no responsibility yourself,” she sald in & brief speech at the opening exercises of the school, “During the daytime, of course, things happened mostly over in the executive offices, but at night it was all in the ‘White House and very exciting. “PFinally Friday.night things seemed to have quieted down pretty much and we all went to bed fairly early. “At 12:30 am. however, awakened by the telephone in my room aa:lk told about the Los Angeles earth- €. % “I went in and wakened my husband and told him abcut it. He told ‘me to I was of his secretaries, and to get in touch with Los Angeles at once. “‘But they say the wires are all down,’ I told him. “‘Well, get in touch with Los Angeles anyway,’ he said.” On her first visit back since her hus- band’s inauguration, Mr:. Roosevelt attended the cpening exercises at the school in accordance with a promise she made before leaving for Washington. She appeared at the school shortly before 9 a.m., acccmpanied by her lit- tle granddaughter, Anna Eleanor Dall, just_as she used to do when she was teaching there. After zattending the opening exercises she had a ts with an ear specialist and ntist. Her afternoon program called for attendance at a luncheon at the Women's Trade Union League, visits to a Salvation Army hotel | and a canteen for unemployed women which she established several weeks ago. and the marriage of one of her former pupils, Miss Anne Ward, daughter of & neighbor, to Orville Rundle Gilbert. e will dine with friends tonight and will leave for W early wake up Mr. Howe and Mr. Early, two tomorrow morning. BANKS INNEARBY GOUNTIES REOPEN Most Neighboring Virginia and Maryland Institutions on Normal Basis. With a majority of the banks func- tioning on a normal basis, “business as | usual” was the slogan in the Maryland | and Virginia counties around Washing- ton today. Shortly after their doors opened, bankers of the various counties reported deposits were ‘“heavier than usual.” while withdrawals were described as “normal,” indicating the experience which Washington's banks had yester- day was being repeated on a smaller | scale today in Maryland and Virginia. As President Roosevelt's progressive program for reopening the Nation’s financial institutions reached its third stage, the restored confidence which has been so evident in the financial centers and big towns of the country during the past two days, reached the gm areas and small towns this morn- g. Others to Open Later. Marylanders were particularly happy to have their banks functioning again, as they have been closed by gubern: torial holiday proclamations since Fel ruary 25. Virginia banks had only sus- pended operations during the national| holiday, which began March 6. State Bank Commissioner John J. Ghingher of Maryland emphasized, in announcing the list of banks licensed to reopen, that those not included were not necessarily unsound and probably would be permitted to resume func- tioning in the near future. The com- missioner issued licenses for 96 State banks and expects to have more time to examine the unlicensed ones with a view to reopening them in the next few days. Ten of the 11 banks in Montgomery County whose doors have been closed during the holiday reopened for busi- ness this morning, with the other in- stitution awaiting action by the Fed- eral Reserve Bank in Richmond on its ar;lp_‘ucauon to resume normal opera- With the exception of the Farmers' Banking & Trust Co. of Rockville and the Bank of Damascus the 10 institu- tions open for business were operating with no restrictions on withdrawals. A 2 per cent limit has been placed on withdrawals from the Farmers' Bank- ing & Trust Co. and the Bank of Da- mascus. Eight on Normal Basis. The eight banks that resumed busi- ness on a normal basis are the First National Bank of Gaithersburg, Citi- zens' Bank of Takoma Park, Takoma Park Bank, Germantown Bank, Bank of Bethesda, First National Bank of Sandy Spring, Sandy Spring Savings Insti- mfl and the Silver Spring National Officials of the First National Bank of Gaithersburg said this morning that they have not yet received their license from the Federal Reserve Bank of Rich- mond, but opened for business when given' the assurance that the license would be granted today. The Montgomery County National Bank of Rockville' was not open this morning, but the cashier of the insti- tution declared that application had been made with the eral Reserve Bank for a license to operate on a normal basis with oty no restrictions on Ira C. Whitacre, cashier, Silver Spring National Bank said, “We opened .this morning on a 100 per cent basis and (Continued on Page 5, Column 3.) FRENCH CUT PLANNED National Defense Reduction $80,000,000 to Be Asked. PARIS, March 15 (#).—National de- fense expense will be’ cut $80,000,000 in the $2,000,000,000 1933 budget, which will be presented to the Chamber of Deputies tomorrow. The budget, including the three of monthly credits already voted and new | economies totals 50,731,000,000 francs, against 53.456,000,000 in 1932. An un- determined deficit is covered by a loan recently authorized. The total defense- budget for this fiscal year is $465,000,000 as compared with $545,000,000 in 1932. 30 SEIZED IN RIOTING Several Wounded at Basel When Swastika Flag Is Hoisted. BASEL, Switzerland, March 15 (®).— Thirty persons were under arrest today following fights between Communist manifestants and police 'after a swas- tika flag was hoisted over the Baden railroad station here Tuesday night. Several persons were wounded. (The swastika is the emblem of Chancellor Adolf Hitler's National So- cialist party and became an officia] flag in Germany Monday.) Radio Programs on Page C-3 heningy im’. 7 WITH SUNDAY MORNING EDITION BEER BILL NEARS ENACTMENT WITH REPORT 10 SENATE Amendment to Legalize 3.2 Wine and -Fruit Juices Only Change Made. MEASURE COMES UP AFTER ECONOMY ACTION i Debate Expected to Begin Tomor- row and Passage by End of Week. Speeded Through House. By the Associated Press | The House beer bill neared fina] con- | gressional approval today with a favor- able report from the Senate Finance Committee. The only change made in the House bill was an amendment to legalize wine and fruit juices of 3.2 per cent alcoholic content, which is the same lunluucnl as will apply to beer. Barkley Amendment Fails. | The committee today rejected with- out a record vote an amendment pro- posed by Senator Barkley, Democrat, of Kentucky, to reduce the permissible al- | coholic content from 3.2 per cent to 3.05 per cent which was the limitation in the bill before the Senate last session. The wine amendment was sponsored by Senator McAdoo, Democrat, of Cali- fornia, and was accepted without a| record vote. i Heeding President Roosevelt's request for swift action on the beer legisla- | | tion, the committee approved the buli | without a record vote after less than| an hour'’s consideration in executive | session. | Chairman Harrison said the beer | measure would be called up in the Sen- ate immediately after the pending economy bill, which he predicted would | be passed today. The House passed | the beer bill yesterday by & vote of' 316 to 97. Debate Likely Tomorrow. The Senate probably will begin de- | bate tomorrow on the beer measure | {under a schedule which congressional | { leaders predicted would send the meas- ure to the White House by the end of the week. The measure would become effective 15 days after President Roosevelt’s sig- nature. Experts have estimated it will raise from $125,000,000 to $150,000,000 in revenue. Senate leaders are confident of an overwhelming majority for the bill when it reaches a vote, with virtually solid support from the Democratic side and a majority from the fewer Republicans. The bill will have to go back to the House If approved by the Senate in the form reported today because of the wine amendment. ~However, Senate leaders believed it likely the House would accept this change without send- ing the measure to conference. Similar in form to the beer legisla- tion which failed in the last session, the pending bill would legalize the manu- facture and sale of 3.2 per cent beer by weight in States which do not have local laws prohibiting it. Tax and License. A tax of $5 a barrel would be imposed on the beverage and brewers would be required to pay $1,000 license annually. Provisions of the bill also forbid trans- portation of the new liquors into dry States; leave regulatory measures up to the States; permit advertising: re- ‘quire brewers, wholesalers and retailers to take out licenses costing $1,000, $50 and $20 a year respectively. There was absent in Senate plans on the beer bill this time the thing that pigeon-holed a similar measure there in the last Congress. Leaders planned to dispense with action by the Senate (Continued on Page 3, Column 1.) | | Film Council Created. MADRID, March 15 (#).—The offi- | clal Gazette today published a govern. | ment ' order creating a council of cinematography which, under the s pervision of the ministry of argicul ture and commerce, wiil handle all matters concerning the making and distribution of motion pictures. . Plan Ocean Hop to Cuba. MADRID, March 15 () —Capt. Mariano Barberan and Lieut. Jose Collar expect to leave during the last two weeks in May on a flight from Se- ville, Spain, to Cuba and perhaps to New York. They believe the flight can be made in 42 to 45 hours. . Stores Are Busy ‘The advertising in today’s Star reflects the return to normal business. Local mer- chants are anticipating good business from now on. Reports from out of town state that the situation has cleared and the national adver- | tising that was canceled during ! the bank holidays will be re- sumed this week. Yesterday’s Advertising Local Display Lines The Evening Star. . .29,639 2d Newspaper. . 3d Newspaper . . 4th Newspaper. . 9,829 . 6,618 | | Total 22,107 The stores are offering new and desirable merchandise at attractive prices and thousands of subscribers of The Star read the advertisements day by day to their great advantage, 7 (Other four newspapers) {tornado lashed | after preliminary blows at the Arkansas 3,348 | iy WEDNESDAY, MARCH 15, 1933 —THIRTY-SIX PAGES. T0RNADD KILLS % THROUGHOUT SOUTH Twister From Arkansas and| Missouri Lashes Tennessee | and Kentucky. By the Associated Press. NASHVILLE, Tenn., March 15.—A the Tennessee-Ken- tucky border from the Mississippi to the Cumberlands last night and left behind it 36 known dead, more than 200 injured and property damage esti- mated above $1,000,000. The twister struck early in the night and Missouri side of the Mississippi and mowed a path of destruction from the| valley to the mountains through Nash- | ville, Harrogate, Jellico and Kingsport, Tenn., touching many small villages on | the way. Throughout the night and today the list of dead and injured grew as re- ports trickled in from the rural com- g:mluu over crippled communication ! es. Nashville Hard Hit. Nashville, a city of more than 150,000 Aand the Tennessee capital, felt the full force of the storm as the driving winds | dipped over a fringe of hills and cut| across the eastern portion of the com- | munity, bowling over houses, damaging buildings, uprooting trees and littering the streets with debris. At least 10 were killed here. Lights over the city were snapped out as power lines fell. Ambulances drove | through uncertain streets to take some 100 or more injured to hospitals, where | physicians had to work for a time with | improvised illumination. Scores of buildings in East Nashville | were leveled and the Natonal Guard | was called out to preserve order. Rescue workers with flashlights picked their way over trees and through debris in the hunt for the dead and injured. Two colored churches and a school were | wrecked. Fire added to the confusion. | usion. | First_reports of storm damage came | from Northeast Arkansas and South-| east Missouri. Heavy damage was re- ported at Caruthersville. Other Casualties. ‘Then the storm headed eastward and whipped into Middle Tennessee and on across the State. The little town of Pruden, in the coal mine country, re- ported eight dead. In Kingsport, East Tennessee industrial center, six_ were killed and Jellico suffered heavy damage. Holton, Antras, Eagan, Clairfield, Valley Creek, Fonds, Newcomb, Wool- dridge and Proctor, all in the Upper Tennessee country, were hit. Damage at Jellico was estimated at more than $100,000 and in the Clear Fork Valley above $500,000. The storm winds also reached into the Blue Grass country and there was hail 'in its wake as it spent its force apparently inst the East Tennessee mountains. There were dead at Oswego, Harrogate, Mill Point and at Bellwood, in the Tennessee storm area. Reliet Organized. Relief forces were organized quickly and the rescue work was pushed the utmost as daylight neared. The Red Cross went into action here im- mediately and all policemen, firemen and city forces were ordered on duty in the stricken section of East Nash- ville. There was no official estimate of damage and authorities feared an in- creased toll of death and destruction with the restoration of communication. Two persons were killed in the de- struction of a home at Lebanon, Tenn. The population of the section strick- en hardest by the tornado is prepon- derantly white. 400 ARE HOMELESS. MIDDLESBORO, Ky., March 15 (®). —Four hundred persons were left home- less and about 350 coal miners were thrown out of work at Pruden, Tenn., where nine persons were killed by the tornado that swept eastward along the Kentucky-Tennessee border last night. Nineteen persons were injured seriously enough to require hospital treatment here, and about 25 others were given flrstednm Several of the seriously in- Jure may die. The tornado with lessened fury struck small structures and laying onreelonmeclmg\n. No one among the 400 students and 50 members of the was but there to| try, has $96 Account Paid By 1,920 Nickels Saved Six Months By the Associated Press. MOBERLY, Mo, March 15— A cigar box full of Liberty nickels, 1,920 in all, was received by Fred Maxed, oil salesman, in settlement for a $95 account. The nickels were paid by Ed Griffin of Higbee, who had saved them for six months, but placed them in circulation, prompted by the bank holiday. WORLD AGREEMENT SOUGHT ON WHEAT Administration Would Fix Quotas to Wipe Out Price- Ruining Surplus. The Roosevelt administration is seek- ing a world-wide agreement to limit | production of wheat so as to bring it down to the consumption level, wiping | out the heavy surplus which for several years has been beating down prices. | The proposition already has been taken up in unofficial manner, but it is expected to be made the subject of dip- | lomatic conversations, culminating, if | possible, in an agreement at the world economic conference in London this | Summer The plan, broadly, is to set fixed | quotas of wheat, which may be pro- duced each year by the great wheat countries—Caneda. Australia, Argentina, | Russla, the Balkans and the United States. Other Agreements Likely. Similar international agreements re- | garding other agricultural products may be undertaken later. although plans re- garding them have not yet taken defi- nite shape. The United States itself will be tak- ing definite action to reduce its pro- duction of wheat and other products if Congress enacts the farm relief legislaticn which is to be asked shortly “From Press to Home Within an Hour” ‘The Star’s Carrier system coversevery city block and the regular edition is delivered to city and suburban homes as fast as the papers are printed. i L] (UP) Means Associated Press. Yesterday’s Circulation, 125,705 TWO CENTS. THERE GoES ) My oLD FRIEND To MEXICO! SN GAN VLN ROOSEVELT RUSHES JOBS-FARM PLANS Messages Expected Tomor- row on Reforestation and Acreage Control. By the Associated Press. President Roosevelt will send mes- sages to Congress probably tomcrrow on emergency farm and unemployment measures for immediate action. The employment program calls for recruiting of the idle in the cities for sections of the country. The farm plan will be a one-year ex- | perimental proposition looking to acre- age control with a view to increasing the value of farm products. Democratic leaders at the Capitol have given the President assurance that the great party majorities in both | branches will work for expeditious en- inct.ment of both proposals, after the | economy and beer bills are disposed of. Price Fixing Left Out. Under the latest farm relief plan the bill does not include price fixing. It does make provision for leasing on a broad scale of marginal lands to take them out of production. Principles of the dom-- bill have been abandoned in favor of the new measure. As for the cotton crop {ae featurcs of the ill-fated Smith bill of last ses- sion will be retained in the new bill to some extent. ‘The President believes 200,000 men can be put to work withm iares ot four weeks on an all-year bsis on his reforestation proposal. He has Lewis Douglas, director of the budget, at work seeking to get the funds for this proposition as far as possible smiu made for other Government work. Mr. Roosevelt regards the farm and unemployment measures as on the con- structive side of his emergency program. He feels that if anything is to be ac- complished to help farmers now, action must be taken by Congress before this year’s crops are put in the grounl. Therefore, he believes it imperative that the farm bill go through before in a speclal message by President Roose- | April. velt. In the past, numerous attempts have been made to get international agree- ment to limit wheat production in the several countries, but definite action to this end has been prevented partly because the United States had taken no definite step to reduce its own output. Unofficial Discussion. The unofficial _discussions which have taken place thus far are under- stood to have included a_ conference between President Roosevelt and the Canadizn Minister, W. D. Herridge, before the former took office, as well as conversations between Mr. Herridge and Secretary of State Hull. The fact that the United States has no diplomatic relations with Soviet Russia, a major wheat producing coun- s some bearing on the problems involved, but it is hoped here that the Soviet government will participate in the Economls Gonfereneer oo™ structions from President Roosevelt in an endeavor to bring about an agree- ment among the European wheat-pro- ducing countries to reduce acreage. Price Increase Question. ‘The question of increasing the price of farm products by an international agreement is on the agenda of the International Economic Con- ference, but it is likely that it will be discussed before that conference gath- ers, because of its immediate reaction on_economic recovery. None of the nations principally inter- ested in this question are im) t debtor nations nor are they in age conference does not contain any of (Continued on Page 2, Column 1.) e e BALTO, HUSKY, DEAD Alaskan Dog Led Team Bringing Serum in Nome Epidemic. e P R .5:% siis 51 ril. His plans for reducing production of farm commodities go hand in hand with his ideas for an international agreement on wheat production. Wants Speedy Action. Pending completion of details of his farm and unemployment programs, Mr. Roosevelt is undecided when he will send his message to Congress, but does not want Congress to recess until he has these propositions before it. hopes to get rTow. On reforestation it is his idea that the Nation is quickly outrunning its timber supply. He ot only would plant new trees, but (Continued on Page 2, Column 1.) — FIRE FATAL TO GIRLS Two Perish in Match Factory Blaze Near Ottawa. HULL, Quebec, March 15 (#).—Two irls were burned to death and it was ?nnd others may have perished when fire destroyed & match factory here today. Ph{xr girls were carried out uncon- scious and a fireman was injured. The factory was still burning at noon. immediate work on reforestation in all | from unexpended balances of appropri- | He | measures up by | ECONOMY PROGRAM SURE OF PASSAGE IN SENATE TODAY Roosevelt Plan Wil Speeded as Debate Is Limited. Be DOUBT IS EXPRESSED OVER AMENDMENT FIGHT Bill Again Must Go Back to House' Because of Changes Already Made. By the Assoctated Press. The Senate today opened its third day of discussion of the administration cconomy bill, with debate sharply lim- ited and passage predicted by leaders before adjournment. Already approved by the House, the bill had been amended considerably during a 10-hour session that carried well into last night, but its sponsors sald the changes involved only slight cuts in the estimated half billion dol- lars proposed to be saved by Executive slashes in veterans’ benefits and Federal salarfes. Changes Conceded. Democratic leaders conceded some further amendments might be adopted, but were confident the basic principles of the legislation would be preserved when it is sent back to the House for lcg?:; on1 S;mw changes. sing in favor of an amendment Senator Dill, Democrat, of Washmglol;{ to bar removal from the pension rolls of any Spanish-American War veterans over 62 years of age, Senator Borah, Republican, of Idaho, bitterly assailed Senator Fess, Republican, of Ohio, for his specech on yesterday in which the Ohioan said economies could not be ef- l;rl-;‘ed if the people depended upon Con- ss. | Executive Department Blamed. “Time after time,” Rorah said, “Con- gress has reduced appropriations below estimates sent to us by the executive | department and the Record will dis- | close the real point of extravagance has been in the executive department of this Government.” Borah said “the sole reason” ad- vanced for passage of the bill was the argument that Congress itself would ’nfll"t”ntch' . e | “I'm not willin t Cony | take all the blame," he ameria S ol | Senator McKellar, Democrat, of Ten- | nessee, favored the bill and he believed | “President Roosevelt will carry it out §::Ir]lyestly honestly, sympathetically and Amendments Bring Snarl. So many amendments were pending that when the Senate got into a snarl | last night over Spanish War veterans’ benefits, the Democratic leaders decided | there must be some end to debate. | Senator Harrison (Democrat, of Missis- sippl), chairman of the Finance Com- imittee, presented a request to forbid ny member to talk more than 30 minutes about tne bill or 15 minutes on an amendment. Nobody objected. One of the prime changes made by the Senate was sponsored by Senator Walsh, (Democrat. of Massachusetts). It would prevent removal from the compensation rolls of the names of World or Spanish War veterans whose | disabilities resulted from service. Amendment Accepted. Harrison accepted this amendment | after saying the Finance Committee be- | lieved the President had nc intention of touching that class of benefits. One of the prime purposes of the bill, though, is understood to be to permit reduction or elimination of compensa- tion paid to other then totally disabled veterans whose ailments are not’attrib- | utable to actual war service. Fess Sees Dangers. Senator Fess opened debate for the measure yesterday by saying he would vote for it, but “feared the elemental | dangers” involved. . Other Republicans who said they would support the President, though re- luctantly and only because of the emer- gency, were Senators Hastings, Dela- | ware, ‘and Hebert, Rhode Island. | “I must make the humiliating con- fession,” Fess sald, “that if we depend | on members of this body to make re- | trenchments we'll have no retrench- ment.” Senator Vandenberg, Republican, of Michigan, asked Fess “If the Democrats |can bind themselves to this bill, why can’t the majority bind themselves to n‘: these changes by legislative ac- tion “The Senator from Michigan would (Continued on Page 2, Column 6.) FASCISTS HONOR WOMAN ROME, March 15 (#).— Princess Bianca Plo di Savoia, a distant rela- tive of King Victor Emmanuel, was appointed today secretary of the wom- en's section of the Fascist party in Rome and the Province of Latium. The princess is a noted social service worker and directed Fascist women of the Garbatella workers’ section of Rome. BY WILLIAM BIRD. By Cable to The Star. PARIS, March 15—Dr. Hans Lu- ther’s resignation as director of the Reichsbank is expected daily in inter- national banking circles. This correspondent learned today of s dramatic incident that occured & few days ago in Berlin and to which two foreign bankers were witnesses. Uniformed Nazls, with revolvers drawn, burst into Dr. Luther’s office deman immediate resigna- REICHSBANK CHIEF THREATENED BY ARMED NAZIS SEEKING OUSTER Draw Guns on Dr. Luther and Declare Hitler Sent Them With Demands. “Hitler,” the Nazis replied. “Excuse me,” said Dr. Luther, “if I telephone Hitler for confirmation.” Reaching the Nazi chancellor by tele- phone and explaining the situation, Dr. Luther was surprised to hear Hitler say, with some embarrassment, “I don’t approve of the revolver part.” Dr. Luther subsequently saw Hitler, who did not conceal his desire to have his tion, stating that he wanted to place Dr. Hjalmar Schacht at the head of the Reichsbank. Upon Dr. Lu- ther's refusal to resign, Hitler threat- ened that he would create a new bank to deal with foreign exchange, which is the Reichsbank's principal source of profits, and make Dr. Schacht the head of it. This would render the Reichs- bank stock worthless, consequently it is ted that Dr. Luther will withe