Evening Star Newspaper, March 19, 1933, Page 1

“From Press to Home Within the Hour” ‘The Star is delivered every evening and Sunday morning to city and suburban homss by The Star's exclusive carrier serv- ice. Phone National 5000 to start delivery. No. 1461—No. -32,464. Statesmen Talk Frankly on Questions. AGREE BIG FOUR CAN AVERT WAR Need for Haste Is Stressed by British Prime Minister. By the Associated Press. ROME, March 18.—At & discus- sion lasting nearly an hour and three-quarters Prime Minister Ramsay MacDonald of Gredt, Britain and Premier Mussolini to- day dug deep, officials said,into the sore spots of the European po- Jitical situation in an effort to heal them permanently. Thep:wo premiers, meeting for the first time in their lives, talked intensively about the whole Euro- peon situation, including the ques- tion of disarmament. They made their beginning on the basis of Mr. MacDonald's- statement, issued when he arrived at Ostia by alr- plane, that “peace must be organ- ized quickly if it is to be organized at all” The meeting took place at Venezia Palace. Mr. MacDonald, it was said, touched without kid gloves on such delicate points as Italy’s relations with France and Yugoslavia and Premier Mussolinl's intentions in regard to Chancellor Adolf Hitler of Germany, head of another great Fascist government. Strenuous Efforts Urged. The British prime minister urged Signor Mussolini, it was understood, to use every effort to lessen tension be- 1t and PFrance and to utilize ifl‘?finfiu over Chancellor Hitler to “‘:i Europs be stapilized only o0 among the four big powers, Pnnce':hltlly :ln&m e 0 con u::‘twoeprmlm hastened to dress for a dinner of 200 covers given in the yoyal hall of Venezia Palace. The eet again tomorrow afternoon. Mr. MacDonald was accompanied to Rome by his foreign secretary, Sir Jol hn ion | 5 fer his gaughter Ishbel. A i o SThey came here from Geneva, g by tl'ltyn to Genoa, where they were met by Gen. Italo Balbo, the Italian air minister, who flew them to Ostia. There they were greeted by Signor Mussolini, who_stretched out both hands to Mr. MacDonald and said in English, “T am welcome you.” xalmd wnrmah pr{me mln!.stz'-h r explained mission in Rome thus: % h’g‘lt is to exchange views with Italy’s gamous chief on intricate problems con- on, who sat in on the mmmx Mussolini, Entered as second class matter post office, Washington, D. G NEW ANCLOSOVET TRADEPACT WATS London Demands Explana- tion on Arrests Before Re- . suming Negotiations. By the Associated Press. LONDON, March 18—Resumption of Anglo-Russian negotiations for a new trade agreement is not expected by ofi- cials here until Moscow sends a satis- ‘gs i b d5Eagd carned ‘with the organization of peace th t I am here, and I have come with :\:ch confidence as to the effect of my t. Visit. T am impressed with the difficulties confronting us, but believe that with T e e, e o h ations of the 3 ;lned‘:“wn!; out of *our mmmw.cfi. both political and economic, and make the wox;ild n:tnle and p:‘ammnt place for this an ure generat 3 “We have no time to waste, however. Invitation Timely. s 5] it to Geneva and my conl thexywtthm Tepresentatives of countries 3n all parts of the world have impressed T e el caniront S e problems which c . ‘h“sll)rm.vohn Simon l{nd I weleeox? this for a preliminary exchange e ding these problems with His invitation came st a timely moment and we were de- Jighted to accept.” Tomorrow the MacDonald party will | t; ntertained at luncheon by the King :I Queen and the prime minister and Jorelgn secretary will have an audience the Pope. ”fiem&m of the cabinet and the em- bassy staff, Gu;flelmo Marconi, and many other prominent persons atf the dinner p'f;m;m. ‘There were no speeches, but the functions ended with a toast by neml"aum}?lmtg r tish soverel and peop! - mfi' by mlfnumm MacDonald to the Italian rulers and people. STUDEBAKER PLACED IN RECEIVERS’ HANDS Judge Names Three Men to. Take Charge of Corporation in Friendly Action. By the Associated Press. SOUTH BEND, Ind., March 18.—The Studebaker tion, manufacturers of Studebaker, Rockne and Pierce Ar- . Yow autom m;w:: ced re- ‘cetvership by H. Slick in a friendly y. Three joint receivers in equity were lppomteti’nmv;m:iumwm Edwards Iron mek South during raids by secret police. Two English executives of the company have been released from custody. Only & few American firms have rep- resentatives in Moscow, and none of :l:;m has made any efforts to close his ce. Most of them, however, have ed the Metropolitan-Vickers - inci it to their home offices, and, in some in- stances, to the nearest American dip- lomatic representative. In this respect. the Americans have followed the example of other foreign firms located here, although the latter have their own embassies to which to DAVIS ‘ABOUT THE SAME’ tended | Senator May Have to Remain in Hospital for Month. JURGH, March 18 (®). I BENITO MUSSOLINL REPORT REBUKING PERL IS ADIPTED League Council Gives Up Hope | of - Conciliatory Settlement of Leticia Dispute. By the'Associated Press. GENEVA, March 18.—Abandoning hope of a. conciliatory settlement, the Council of the League of Nations today adopted & report condemning Peru and rechmmending total and immediate evacuation of Peruvian troops from Colombian territory. A committee, composed of all mem- bers of the Council and Brazil and the United States, if they accept invita- tions to participate, was set up to exe- cute the recommendations. ia’s acceptance was readily an- by her delegate, Edutrdo Santos, but Francisco Garcia Calderon, - Peruvian - representative, declined to accept” and - withdrew ostentatiousl. from the cil room. He is not a of the Council. The Peruvian in !ué.'m\’ew twice, reu; after first departure . further observations after the did not-definitely reject the re- today, but asked for additional ‘The Lima delegate explained that he -was leaving “the Council, but not ‘the Lesgue.” SAYS REICH WILL PAY ITS PRIVATE DEBTS Agherence to Present sm«hm\ of Mark Also Pledged by Dr. Schacht. By the Assoclated Press. BERLIN, March 18.—Hjalmar Schacht, new president of the Reichs- bank, reintroduced himself to the Ger- man public tonight with a speech in which he acknowledged on behalf of the "Hitler government Germany's in- debtedness, and pledged adherence to the present standard of the German mark. He a to other muon“lfltobml.k“e e 3 world economic recovery poss y the rev;lvn! of the m&m of goods. “We -cknowlfie our commer- cial ” he sald, “but so long as the international world continues to block of German goods we must develop on our own initiative. “If our goods are barred abroad we must 'strengthen our domestic market with more determination than ever. small undertakin ks gold and devisen ,000 marks in 1930, but to one-ninth of that Repeal Action Delayed. ' BATON ROUGE, La., March 18 (#).— Gov. O. K. Allen today delayed a call for, & special no;'p-y session of the act_on | WOMAN ON-*DARE” BRINGS LOCK I. C. C., Radio Commission, Shipping Board Would Go to Commerce Department. WOULD ALSO CONTROL AVIATION AND TELEGRAPH Proposed Regrouping Would Be Accompanied by Shift of Other Bureaus to Interior. A Federal Transportation Buresu of five divisions .under direct supervision of the Department of Commerce is be; ing worked out by the new sdministra- tion, it was learned authoritatively yes- terday. The proposed set-up in divisions sre: board, berge lines and inter-coastal shipping. Fourth—Radio. Pifth—Commercial aviation. The first and second groups will in- clude the present set-up of the Inter- state Commerce Commission. Would Include Shipping Board. The third group will incluce all of the functions of the Shipping. Board and the Inland Waterways Corporation of the War De it, together with those of the rce Department’s Light House Service, its Bureau of Navi- gation and Steamboat Inspection and its Coast and Geodetic Survey. The fourth division will take over the functions of ghe presenk Federal Radio Commission and the fifth will take over the activities of the Commerce - me_xl_lk'l.‘: Bur]:;u l.:f Aeronautics. Te Al & possibility that the Department of Agriculture’s Bureau of Public Roads, which has been handling about $120,000,000 annually exclusive of recent emergency highway funcs, may bet‘ part of the transportation bureau’s set-up. Secretary of Agriculture Wallace has before him a ~memorandum . from Thomas H. MacDonald, chief of this bureau, recommending that since the construction of highways. {s intimately connected with - agricuitural pl 2 the bureau might well remain E. of MasDorag e part of would make 1§ & the transportation agency. x > Transfer Considered. To make room for the new trans- flanl:tmmnm nf t, made famous by President Hoover, will be limited to only four of fis old bureaus, Standards, Patent, Census and Foreign and Domestic Commerce. Attorney, stu possil necessity y mur!uur dyin(u:‘h;’u e COngre legis- lation to carry through the Interstal Commerce Commission ? The Constitution places in the power to regulate interstate com- merce and that the time this authority was delegated to the that action was at a8 unconstitutional. Whether this authority can now be féloke'n from the Interstate tration visers considering the set-up. ‘Throughout last week of Commerce Roper is mownmhd several conferences with transportation experts, including Commissioners Ma- haffey, Eastman and Porter of the In- terstate Commerce Commission; Walker D. Hines, who was in charge of rail- road administration during the World War, and Prof. A. E. Berle of New York, 4 member of President Roosevelt's so- =y kS gTress lven ons. pendent and 1. luporu"gw been le. In this authority to whittle @own de- partments, the Commerce Department (Continyed on Page 2, Column 8.) TORNADOES STRIKE 40BANKS' OPENING SOON ANNOUNCED Woodin Declares Program and States Get Power to Name Conservators. Forty of the closed banks of the Na- tion will reopen soon on a 100 per cent solvent basis, Secretary of the Treasury Woodin announced yesterday, a few hours before President Roosevelt issued an executive order giving to State bank- ing officials authority to appoint con- servators for State banks which are members of the Pederal Reserve System. ‘The President ordered that whenever the appropriate authority of any bank- ing institution in any State which is subject to the jurisdiction of the Upited States shall deem it necessary to place epnesswvator in charge of the institu- tion’s assets, the authority may appoint such an official as authorized under the emergency banking laws. ‘The order did not, however, authorize any such State member bank to reopen until it had received a license to do s0 from the Treasury. Needed Cash Raised. Becretary Woodin in a press confer- ence sald boards of directors and stock- holders of the 40 banks—which he did not name—had personally raised the cash needed to restore the capital struc- ture ‘of the institutions. Their condi- tion had been impaired by the recent panic and heavy withdrawals by deposi- tors, The Treasury Secretary interpreted the move as an expression of belief by these trained business men that assets of the banks now frozen would be worth their full value in years to come. “It is an evidence of their belief in heartening to us lon clearly indicates approval of our prom for putting all banks on a sound be- fore they open. I have been astonished Agi at the loyalty of these men to their institutions and their patriofism in dig- ging into their own funds to make good the money needed to restore the struc- ture of the closed banks. We will issue (Continued on Page 5, Column 4. TODAY’S STAR PART ONE—18 PAGES. General News—Local, National and Foreign. PART TWO—8 PAGES. 2 SOUTHERN TOWNS |ramie Benton, Ark., and' Opelika, Ala., Damaged, and Three Persons Hurt in Latter Place. OF “MUSSOLINI'S HAIR” TO BORAH American Makes Long Search of Rome Barber Shops and Believes She Has Strand. g;gigg’is; fek 5 W gi it PART THREE—10 PAGES. Soclety” Section. PART FOUR—6 PAGES. Grocer Goes to Bank With Bucket of Eggs Camouflaging Cash By the Associated Press. AIKEN, 8. C, March 18— Clerks at the Farmers & Mer- chants’ Bank here were some- what dubious today when a man brought a water bucket piled high with eggs to the institution, placed it in a window and said he wanted to make a deposit. ‘They were certain the new Federal rulings had said nothing about accepting eggs, but were put at their ease when the de- Ppositor explained. He was a wholesale grocer and wanted to deposit several thou- sand dollars in currency. He had put the money in the bucket, then placed two dozen eggs on top as camouflage. BANK DEPOSITORS BACK COL. COOPER Plans He Outlines Indorsed by 3,000 at Unusual Mass Meeting. ‘While & jazz orchestra played “Happy Days Are Here Again” at a mass meet- ing in the Mayflower Hotel last night, some 3,000 depositors in the Commer- cial National Bank, which was taken over by a receiver March 1, authorized Col. Wade H. Cooper, president of the institution, to proceed with plans for a “reorganization of the bank.” A motion calling for appointment of a committee to work with Col. Cooper in reorganizing and reopening the bank as soon as possible was carried without more than 20 dissenting votes. Opening the meeting, Col. Cooper said: “We have met here to save $5,- 000,000. We will save it if you will stand by me. I am going-to ask the nrchue;s',‘n to play ‘Happy Days Are Here The playing of the Democratic cam- paign song by the orchestra of young women was greeted with applause, Pledges All Efforts Possible. “If I ever go down,” Col. Cooper con- tinued, “I'll go down with all flags fly- ing—Afighting for you. I'll never desert the ship.” Should the bank's assets go through & forced liquidation at this time, Col. Cooper said, a loss of from $3,000,000 to $4,000,000 would result. “As at present constituted under ex- Tent bt Liquication of the” Tocssusy ment a of the Treasury Department is nothing more than a wrecking crew. It is destroying your **Gol. Gooper pointed out that L T po ouf any re- organization plan would have to be worked out by the committee and rati- fled by the depositors and stockholders. He suggested a tentative plan, however, mellllng for the formation of a new The depositors would take about 25 per_cent of their present deposits in (Continued on Page 5, Column 1.) (P) Means Associated Press. FIVE CENTS IN WASHINGTON AND SUBURBS BALANGED BUDGET 0 CURB INFLATION Roosevelt Aims at 750 Million Cut' by Drastic Paring of U. S. Establishment. The New York Herald-Tribune to- day prints the following article from its Washington correspondent, Theo= dore C. Wallen. President Roosevelt has projected a minimum saving of $750,000,000 under the sweeping powers granted him- by Congress. That figure has already been reached in a tentative program of re- trenchments, involving the entire Fed- eral establishment and credited by ad- ministration officials with having ended the basis of fears of an uncontrolled inflation such as usually results from & lmz-connnlnd serles of Treasury defl- of The task of cutting down the Gov- ernment establishment is progressing swiftly and quietly, with officlals guard- ing against advance information for fear of having their work complicated by pressure from affected units. i ‘The $750,000,000 “minirnum” objec- tive disclosed yesterday is 50 per cent in excess of the savings claimed for the economy-dictatorship bill put through Congress in the last week and now be- ing prepared for presidential signature. While administration spokesmen in Congress indicated ,that the President could save $500,000,000 by the powers he would exercise under that legislation, $373,000,000 of which would come out of payments to veterans and nearly $100,- 000,000 from cuts in the Federal pay roll, there is nothing to prevent the President going beyond those limits. Other Powers Conferred. thm Iddiflo;z he has the b!nsflt of e powers for reorganizing and con- solidating Government departments which were conferred upon the presi- qdency in the Treasury-Post Office De- partment bill, adopted at the close of the last Congress and signed by Presi- dent Hoover. Estimates of a $65,000,- 000 saving on this score are considered likely to be substantially exceeded, and the administration has plans which are described as “resourceful” for making savings supplemental even to those fa- cilitated by these two bills. A net retrenchment of $750,000,000 would account for all but one-fourth of the $1,000,000,000 deficit foreseen by President Roosevelt at the close of the (Continued on Page 5, Column 5.) A e TR ART OBJECTS STOLEN Museum in Bridgeport Founded by P. T. Barnum Robbed. BRIDGEPORT, Conn., March 18 (#). —A collection of valuable old coins, several paintings and Japanese art ob- Jects were stolen from the Barnum In- stitute of Science and History here early today. The museum was founded by the late P. T. Barnum. Mrs. Grace Wakeman, curatrix of the institute, said the most valuable articles stolen were Confeder- ate gold coins bearing the head of Jef- ferson Davis. GIRL “HOARDER” SENDS ROOSEVELT $5 KEEPSAKE AND GOLD CHAIN Amusement Section—Stage, Screen and | - }nmmw:m—ruu. Radio—Page 5. Serial Story, “Some Onme to Love"— D. C. Naval Reserves—Page 6. PART FIVE—4 PAGES. Sports Section. PART SIX—12 PAGES. Financial News and Classified Adver- pik ¢ 12, Those Were the Happy Days—Page 16. GRAPHIC SECTION—$ PAGES. World Bvents'm Pictures. ; SECTION=$ PAGES. Unsigned Letter Expresses Desire to Do Her Bit in Restoring Sound Money. fexing T to you_ ionctner with & Jieie you T a gold chain, only jewel I It i s S TP of mine is just B ampl -4 , | TEN CENTS ELSEWHERE CONGRESS T0 PUSH FARM AID AS BEER REPORT IS AWAITED Senate Adjournment Before Naming Conferees Causes Delay. AGRICULTURE MEASURE ACTION SEEN TUESDAY Democratic Leadership in House Expects to Put Legislation Through Immediately. BY G. GOULD LINCOLN. Farm relef waits as the major prob- lem for the fast-flying Seventy-third Congrezs this week. ‘The bill to raise revenue for the Gov- ernment from the manufacture and sale of beer—and to give the first taste of beer to the Americans who want since national prohibition came into effect—has passed both Senate and House, It has reached the “conference” stage, with amendments made by the Senate to be ironed out before the bill actually becomes a law. Because the Senate took a recess Thursday, without appointing conferees on the beer bill, the bill has been temporarily delayed. But House and Senate le.«.‘lel-l.y 'ment would be reached on the beer and the measure would be sent to the President by tomorrow night, Silent on Outcome. Just which house would win out in the contest over the alcoholic content —the Senate supporting 3.05 per cent and the House 3.2 per cent of alcohol by weight—Senator Harrison and Speaker Rainey would not predict. They insisted that the differences were not really ma- terial. Some of the House members were insistent that the Borah amendment, seeking to regulate by Federal act the distribution of the beer so as to prohibit the gift or sale of beer to under 16 years of age, should g: stricken _out. ‘This was a matter, they said, which should be left with the States. In other words, they desired the States to have complete control of dis- tribution, with the Federal Govern- ment out of the picture. The McAdoo wine amendment also must be disposed of in conference. President Roosevelt has sent to the Congress his farm relief bill and the House Committee on Agriculture, it is will be ready to report the measure to the House by Tuesday. Once it has been reported, the plan of the Democratic leadership of the House, ac- cording to Representative Byrns of ‘Tennessee, the majority floor leader, is to push it through the House rapidly. Over on the Senate side of the Capi- tol, however, the amendments and sub- stitutes for the administration farm bill already are being trotted out. Senator Bulkley of Ohio is sponsoring a sub- stitute plan, which he has talked over with President Roosevelt. This substi- tute was proposed by the Ohio Senator after it had been outlined to him by Adrian Adelman, an attorney from Pranklin, Pa. The plan would lay a tax on the farmers of all principal crops —a _tax which they could pay in kind or by cutting their acreage. Its sup- porters insist that it would place no cash Mburdml ogmmrmer and none on the ral ent except the mone needed for ldmlm.stnfingt % Surplus Control Seen. Senator Bulkley expressed confidence that if the plan were adopted it would serve to control surpluses and stabilize farm prices. No tax on processors of food products would be required, x> acs- tended, such as is now planned to aid in the operation of the administration’s farm relief bill, which looks to the do- mestic allotment plan as well as the 1 lands” plan. Senator mh s:-f tioum Carolina, o ate Committee on Agriculture, has in mind the establish- ment of a banking system especially for the farmers, to help take care of farm mortgages, finance crops, etc. He in- sisted that commercial banks could not meet the needs of the farmers. The administration farm bill has the indorsement of the leaders of the prin- cipal farm organizations of the country. Six of these leaders sent a letter to med.l’teslflent yesterday in which they “Your special message to Congress dealing with the necessity for a resto- Tation of fair prices for agricultural products directs the attention of the Nation to the fact that the rehabilita- tion of agriculture is the most impor- tant factor in the program of economic Teconstruction. It is comforting and Teassuring to have you, as President, speak and lead so earnestly and cour- l‘mlllyn bmm farm mnzbcyem." e sponsored Representative Steagall of Alabama, chflrgun of the House Banking and Currency Commit- tee, to provide for direct loans by Fed- eral Reserve banks to State banks and trust companies, is expected to have the Tight of way in the House tomorrow, and it is planned to of that measure as well as the beer bill confer- ence report before adjournment toe morrow, if that is possil by April 4, since the bill provides th; after 15 days the p beer may I.z: fime,peris o brewers. e pmCen: 3 ers may be ob- tained from the Cvovemment.y s Plan Fight in Courts. plan to fight the beer bill themm;multbecomeshw. ? the Clarence True Wilson, Methodist Board of Temperance and Public Morals, An ffort will be made to block the sale of