Evening Star Newspaper, April 22, 1933, Page 1

WEAT. (U. 8. Weather Bureau Forecast.) Fair, slightly colder tonight; probably light frost: tomorrow fair and cool; mod erate northerly winds. Temperaturcs— Highest, 60, at noon at 4:30 am. today. Full report on Page A-3. Closing N.Y. Markets, Pages 10 and 11 HER. today; lowest, 38, ch WITH SUNDAY MORNING EPITION ¢ Foening Star, Associated service. The only evening paper in Washington with the Press news Yesterday’s Circulation, 124,957 [= ¥ tered as second class matter st office, Washington, 5 e WASHINGTON, D. C, SATURDAY, APRIL 29 ooy 1933—TWE NTY-EIGHT PAGES. *% (P Means Associated Press. TWO CENTS. No. 32,498 U. S. EMBARGO DEFENDED IN WHITE HOUSE PARLEY:; PARIS REMAINS ON GOLD Domestic Need| Is Cited by President. SEQUOIA CRUISE DUE TOMORROW| Premier Dispenses| With Callson U. S. | Officials. BY G. GOULD LINCOLN. President Roosevelt and the| British prime minister, Ramsay PacDonald, flanked by their chief | ndvisors, got down to brass tacks | today in their discussion of world | economic affairs. At their meeting in the oval SHIFT N PARLEY room of the White House, soon niter 11 o'clock this morning, Jn | addition to the President and Mr. MacDonald, were the British Am- bassador, Sir Ronald Lindsay, and economic advisors of the British government, Secretary of State Hull, the Assistant Secretaries of State Raymond Moley and W. C. Bullitt and Herbert Feis, eco- nomic advisor of the State De- partment. Stabilization of the monies of the weild and international exchange was stressed at today's conference, it is un- 0od, in conjunction with efforts to | raise commodity prices. Reduction of the gold base for currencies to bring about such increases in prices and such | stabilization were discussed. Representa- | tives of the American Government at the conference were prepared to give em- phasis to these questions. It has been reported that the Roosevelt adminis- | tration would seriously undertake to bring about some international agree- ment with regard to currencies and international exchange in its efforts to deal with the econcmic situation. The President and his advisers sought to impress upon the foreign visitors the | Prench representatives, will have to be | t0 remedy that. Consequently France’s | mjles above earth's surface fact that the withdrawal of the United States from the gold standard, through 1he pacing of an embargo on gold ship- nts cut of this country, was brought | by domestic. needs and was not ned to give this country advantage | coming economic conferences. Others Also Notified. This same nformation was conveyed | ) the governments of Greet Britain, Germany and Italy today -in| es sent by Secretary Hull. In| messages it was said that the val of America from the gold was not to give this country will take a hand in the fateful par- | lar advantage, but to im- ide commodity prices. | 1% may be hoped,” the message said, hat other countries, by taking suitable | monetary measures, will assist in pro-| ducing the desired price movement. The‘ altimate aim is to create a price condi- | tion under which the world can again ‘be prosperous, not to seek any speclalx American advantage.” | These messages were considered high- | Qv significant, particularly in the light| of the approaching visit of former | Prime Minister Edouard Herriot of | France, who will reach washmg’.cn‘ ftomorrow afternoon. e ‘The morning conference at the White | House broke up about 12:40 o'clock. Secretary Hull described the conference ®ms a preliminary get-together and| urvey of the problems which are under | onsideration. There was an exchange jof views and a program was cutlmedl Qnd the economic experts were set to ork. The British _prime _minister _has | (Continued on Page 2, Column 6.) HARLEY BOSS DENIES " HE STRUCK WOMAN Piember of Cleveland Base Ball Team Says He Saw Accuser Only Once. By the Assoclated Press. CLEVELAND, April 22.—Harley Boss, the Cleveland Indians’ rockie first base- | man named defendant in the praecipe of a $50,000 damage suit filed in Chicago by Miss Eloise Mitchell of that city, | acscrted he had seen her only once. s Mitchell charged Boss struck her | ring a party here last Wednesday and, through her attorney, said she suffered a discolored eye and a broken teoth Bess before leaving for Chicago, where the Indians open a series with th> White Sox today, denied he had molested Miss Mitchell. “'A frierd of mine from Chicago,” he gaid, “called me up Wednesday night and said shed like to see me. She o out and brought a friend with T guess it was this Eloise. They here in my rooms for about an Odell Hale and Frank “I only saw this Eloise that once.” Hale is a substitute third baseman and Pytlak a catcher for the Indians. Cleveland obtained Boss, who played for Chattanooga of the Southern Asso- ciation last year, in a trade with the ashington Nationals. Dollar Makers —contain suggestions which the business man and others will find interesting and helpful. These short, concise sell- ing pointers will appear in the financial pages of The Star beginning April 24. Montagu Norman, En Route to India, Changes His Mind By the Associated Press. MARSEILLES, France, April 22—Montagu Norman, governor of the Bank of England, came here on his way to India, but suddenly changed his plans to- day, sailing back to England on the steamship Comorin. The financier arrived Thursday night aboard the Pando Kaiseri- hind, bound for Bombay, but he left the ship at this port. Herfi;;;_T_ old to Find Out What U. S. Means. FRANCE AVOIDS EXCHANGE TAX Cabinet Advised Not to Impose Tariff Measures. | By the Associated Press. PARIS, April 22—France de- clared tod~y for maintenance of the gold standard. After the first cabinet meeting to consider the present monetary situation, Finance Minister Georges Bonnet said the govern- ment hopes “all countries will re- turn to gold as soon as possible.” Former Premier Edouard Her- riot, arriving in New York tomor- ittt conoastor Tineine st st ZOW) pwAERECTt Rncw instouction s ©On the success or failure of the “ex-| DY the cabinet and told to in- ploratory” conversations between Presi- quire immediately from President dent Roosevelt, Ramsay MacDonald and | Roosevelt as to his intentions in Edouard Herriot depends the stability | removing the United States from of the Western Hemisphere. | the gold standard. The hopes of a speedy agreement “in| He was told to inquire whether principle” between the three men have | the action was temporary or the been somewhat dimmed on account of % 5 licy to- e it e o reat) BT LB O CEN LSO CY | ward devalorization. Britain and France by America aban- Await World Parley. doning the gold standard. | It was stated the cabinet surveyed TOPICS EXPECTED Tariffs Believed Relegated to Less Important Role, Due to Gold Ban. BY CONSTANTINE BROWN. A new page in the history of the world will be written in Washington But this feeling of dissatisfaction does | not preclude in any way the possibility the situation without alarm and de- of an agreement. | cided to urge the speediest possible Discoes el Face it | meeting of the World Economic Confer- It will be necessary henceforth, it ence. was stated this morning in Washington | “All experts have unceasingly pro- diplomatic circles to shift somewhat Claimed that monetary instability is one the discussions of the varlous topics| Of the primary causes of the crisis,” M and the breaking down of tariff bar- | Bonnet said at the conclusion of the riers which was considered at one time | cabinet sessicn. the paramount topic to be agreed upon| “One of the principal objects of the between the American, British and | World Economic Conference has been relegated, temporerily, at least, to the position is clear and she hopes that all second plan. | countries will return to the gold stand- Last night President Roosevelt and |8rd as soon as possible. Premier MacDonald had thelr first busi- | 1 40 not need to add that there car ness talk, a general conversation, it ‘be no question for a single instant of was stated, covering a wide range of our renouncing it.” political and economic topics. These talks will be resumed in more SEat Sxckanre Inex Government commercial experts, it detail tomorrow, when the two mer | was learned, believe the dollar will ap- will have most of the day to talk at their leisure on board the Sequoia. But | proach par and consider it unnecessary the real important conversations will : INT_KNOW JUS‘TDVSMI\} WE CAN Do BUT WEMUST DO IT QUICKLY'! //// i Stratospherc Winds BY HOWARD W. BLAKESLEE, Ascociated Press Science Editor. PHILADELPHIA, April 22.—Discovery of high sky hurricanes, tremendou$ winds blowing almost 150 miles an hour in the stratosphere fully 40 miles above the topmost point attained by Piccard’s | balloon, was reported to the American | Philosophical Society today. | One of these winds was travelling up- ward at an angle of 55 degrees, and fast | enough to have sucked a balloon up- | ward at twice express-train speed in the | direction of empty space. Others showed |a turbulance unexpected at 50 to 60 ‘where | neither clouds nor dust ever betray any | agitation in the blue vault. Measured With Aid of “Trains.” | _These winds and speeds were observed and measured with the aid of meteor | “trains” described by Dr. Charles P. Olivier, professor of astronomy of the University of Pennsylvania. They were | caught while 14 stations strung be- HURRICANES AT ROOF OF SKY ARE DISCOVERED BY SCIENTISTS ured While Charting Flights of Leonid Meteors. Observed and Meas- | | | _Eighty-seven of these Leonids and 10 | meteors of a different kind were ac- | curately charted, but it was the linger- | ing “trains” Jeft behind by two un- usually Jarge Leonids which disclosed the swirl of under atmosphere. One of these trains was watched for several minutes while it floated between 50 and 60 miles aloft. Several stations watching it from different angles were | able to “survey” its motion quite accu- rately. The wind drove it upward at an angle of 55 degrees and a speed of 236 . kilometers an hour, or 143 miles. Parts of this train were about 2 miles in diameter. Not Just a Steady Blow. The other train was about three- quarters of a mile wide. It was caught in a wind of 90 miles an hour, which | blew it upward on a slant of 35 This 90-mile wind was not just a {steady blow, for the movements of the | :m:teor train shouzed that it increased | its velocity fully 50 per cent during one | of the observations. Dr. Olivier told also of charting a meteor over the Catskill Mountains in | tween New York City and Fredericks- | 1931, which showed winds moving in burg, Va., were charting the flights of | different directions and with varying Leonid metecrs last November. ‘ velocities at 50 and 60 miles altitude. | would begin only on Monday, when Herriot eys. In American official quarters it is | stated the economic questions are still considered of paramount importancs in the following order: Tariff barriers, re- turn to gold standard on a modified basis, with less gold covering for the issued paper currency, remonetization of silver, probably debts and disarma- | ment, with all the political questions which this problem entails. | Europe Plays Down Tariff. | In diplomatic quarters it is believed the order of importance of the discus- sions has to be changed at the pres- ent time, since by the abandon: (Continued on Page 2, Column 4 MEXICO MAY OFFER TO PAY U. S. CLAIMS Global Settlement Suggested by President Rodriguez on Eve of Parley. By the Associated Press. MEXICO CITY, April 22—A sug- gestion that the Mexican government is prepared to offer an immediate, global settlement of American claims against Mexico has come from no less an authority than President Abelardo Rodriguez. Speaking last night on Mexico's role at the forthcoming economic discussions at Washington, he said: “Although the primary object of ths Washington conference is not the ar-| rangement of private obligations, it is| possible that some reference will be| made to the claims of the United States against Mexico, which have been sub- mitted to mixed commissions. “For this reason the Mexican chan- | cellory will prepare the way and will furnish necessary data at least to initi- ate the approach to the problem, sug- gesting perhaps the convenience of an immediate global settlement.” The President indicated the Mexican commission will go to the preliminary discussions at Washington prepared to discuss silver in particular, for that is of special interest to Mexico. He said the Mexican commission be prepared to discuss ques- tions of money, tariffs and interna- tional banking. | had sent M. Herriot a message express- | ment and, feeling that this question was at present to impose an exchange tax or tariff measure against a possible “in- vasicn” of American goods. The finance minister reported fully |on the dollar situation at the cabinet meeting, and discussed its effects on, France. Prior to the meeting a govern- ment spokesman, reaffirming the na- tion's determination to stay on gold, dis- | counted the possibility that any action ! was necessary to protect the franc or to | | protect French commerce. According to this spokesman, govern- ment experts believe it will be difficult to keep the dollar down without some new American action such as inflation. Premier Daladier told the cabinet he ing his own hopes and the hopes of the country for success. This was in con- nection with newspaper reports that the Herriot mission had complained that the government apparently had for- gotten it. The cabinet also discussed disarma- temporarily in the background, Foreign Minister Joseph Paul-Boncour postponed | his departure for Geneva. Norman H. Davis, American Ambassador at large, | also has delayed his trip there. HERRIOT MISSION READY. Overcomes Initial Surprise at United States Gold Action. ABOARD ILE DE FRANCE AT SEA, April 22 (#).—Former Premier Herriot has fully recovered a cheerful determi- nation to pursue the Washington con- versations with President Roosevelt with the greatest energy and optimism. He spent today, his last day aboard ship, seeking to get a firm grasp on the essentials of the new situation arising from abandonment of the gold stand- ard by the United States before landing tomorrow in New York. News dispatches from Washington and Paris were read and confidential messages exchanged as the experts in the French party consulted in order to inform themselves of the latest devel- opments and the freshest ideas -on which to base constructive plans. With amazing elasticity, Herriot and his staff have adjusted themselves quickly to the new realities. They were surprised by the first announcement of the American suspension of gold ments and the experts exhibited some resentment. The basis of all their calculations for ; RUSSIAN EMBARGO ; attorneys, was before the Soviet Cen- =|DOLLAR IS IMPROVED PLACED N BRITISH Soviet Puts Complete Ban on English Goods in Reprisal Move. By the Associated Press. MOSCOW, U S. S. R, April 22— Soviet Russia, striking back today at Great Britain, ordered a complete em- | bargo on British goods and drastic | measures against the shipping of the mistress of the seas. Heralding the possible approach of | an economic war of historic proportions, | the Soviet government's decrees will be- come effective Wednesday if Britain goes through with its plan to invoke an 80 per cent embargo on Russian goods on that date. The decrees will remain in effect, it was announced, as long as the British restrictive measures may continue. Hope for Release. Earlier, foreign circles here had ex- pressed expectations that the two Brit- ish engineers, whose imprisonment on charges of sabotage and espionage started the trade war, would be released and deported within a week. A formal petition asking that the prison sen- tences be canceled or commuted to de- portation, presemted by their Russian tral Executive Committee Y. It was considered likely that if the men, Willlam L. MacDonald and L. C. (Continued on Page 2, Column 7.) the Washington talks and the world economic conference has been upset, | but the portly, good-humored deputy from Lyons declined to be dismayed and immediately began to instill fresh morale in his staff. CHAUFFEUR INHERITS ESTATE OF MRS. MARTHA H. PEARSALL Adopted Son of One-Time Society Beauty, Otherwise Provided For, Is Left Out of Will. The entire estate of Mrs. Martha H. Pearsall, at one time one of Washing- ton society’s mbst popular beauties, was left to her chauffeur under the terms of her will, which was filed today in District Supreme Court. Mrs. Pearsall, whose first husband was James G. Blaine, jr, son of the “Plumed Knight” of American politics, died Thursday at Emergency Hospital. She was 57 years old. In leaving all her pro) to the chauffeur, Winter B. Sim , 2014 P street, Mrs. Pearsall said bad made no provision for her adopted son, Philip Hichborn, because he had been other- wise sufficiently provided for. Mrs. Pearsall, who lived at 1016 Six- teenth street, drew the will on October 21, 1926. The will was filed today by Atturne{gdmé F. P\:‘o&e }t was ‘:&L '°& companied by a petition for probate an no information was available as to the value of the estate. Mrs. Pearsall was the daughter of the late Admiral Philip Hichborn and had been a resident of the Capital since she | was 12 years old. She was buried in Cambridge, Mass, this morning. s = ON FOREIGN MARKETS Opens at $3.82 to Pound in London and Unofficially Traded at 23.50 Francs. By the Associated Press. LONDON, April 22.—The American dollar improved this morning on an active market. It opened at $3.82 to the pound, com- pared to yesterday evening’s $3.85, and advanced to $3.80%. Later it weak- ened to $3.84, but closed at $3.82%. There was considerable fluctuation of the French franc. The opening quotation was 89.87 francs to the pound, improving to 88.37 and ¢! at u.sal. Gold dropped from 11 ! pence to 118 shillings. began at 23.50 francs, Wefl wg’zs.ls before the Bourse Phe official closé yesterday was 32.00 grancs. Thursday it closed at 2246, _ | ences with the President and the VETERAN WORKERS ASSURED LENIENCY, “Very Material” Change to Be Made in 30-Year Re- tirement Ruling. Definite assurance was given today by Chairman Buchanan and other mem- | bers of the Subcommittee on Deficien- | cles, considering the budget recom- mendations for the independent office appropriation bill, that there will be a “very material” change in the provision | suggested by Budget Director Douglas, | which would have directed compulsory retirement on July 1 for more than 18,- 000 Government employes who had completed 30 years or more of service. Chairman Buchanan, after confer- budget director, will sponsor substitute language which will make the compul- sory retirement much “more flexible,” and granting the President authority to retire, where it is found desirable on ac- count of reorganization or for the good of the service, veteran workers where it will not impair the efficiency of an agency or do an injustice to the em- ploye under the provisions of the re- tirement act. During hearings yesterday on the| budget estimates, emphasis was placed ! on the fact the proposed compulsory | retirement, instead of being an econ- omy, would result in a greatly increased cost to the Government through pay- ment of annuities to workers who are now at peak of their value to the Government service. Chairman Buchanan stressed his posi- tion to promote the efficiency of the civil service, but at the same time not to do an injustice to Government workers through ruthlessly cutting them off from their expected compensation under contract for employment with Government. Hearings are to be concluded today various items of appropria- on the tion and Monday a spec] session is to be held on the legislative retirement, ported House probably taken up Thursday or Friday. NOBILE ALIVE AND,WELL Moscow Spikes Report of Death of Italian Aviator. MOSCOW, U. 8. 8. R., April 22 (#).— Despite to_the contrary, Um- berto Nobile, the Italian aviator who two flights over the North Pole, 1l here. vetuuo,u:;uwu ‘The {s the survive. a- mous fiyer has been mrer construction of dirigibles a'“ngmn government. £ FRAZIER EXPANSION DEFEATEXPECTED Senate Considers Farm Bill Amendments to Clear Way for Inflation Vote. By the Associated Press With a monetary expansion rider proposed by Senator Frazier, Repub- lican, of North Dakota up for ccnsider- ation and headed to certain defeat, the S:nate today renewed its work on the administration farm price lifting and mortgage relief bill. Frazier's proposal, which he is back- ing on the behalf of the National Farm- the mortgage sections. Instead of refloating farm debts at | 4': per cent through a $2,000,000,000 bend issue, as the White House wants, Frazier seeks refinancing at 115 per cent through a currency and bond issue. Under an agreement reached yester- day, it will be voted on by 1 p.m. Connally Motion Pends. Pending also is a motion of Senator Connally, Democrat, of Texas to recon- sider the addition of sugar cane and ::n;ul]:eeu to the basic commodities in e bill. This may not be pressed today, al- | though Democratic leaders, who wart sugar eliminated. may seek a vote on it. A Republican substitute for the whole | farm program, introduced by Senator | Carey of Wyoming, was expected to ccme up for a decision before the day ended. The farm bill is virtually complete except for these major issues, but a final vote will be held up until next week because of the pending Roosevelt- backed inflation rider. Frazier's plan calls for refinancing all the estimated $8,500,000,000 farm in- debtedness at 3 per cent yearly, divided equally between annual interest and amortization. Farm loan bonds, secured by land mortgages drawing 1!, per cent inter- est, would be issued to final he plan; (Continued on P RUTH JUDD TO HEAR SANITY FINDING SOON| Arguments and Judge's Instruc- tions Only Remain for Jury to Retire in' Case. By the Associated Press. FLORENCE, Ariz,, April 22—Winnie Ruth Judd, Arizona’s netorious “trunk murderess,” may know late today whether she is to hang next Friday for the slaying of Agnes Anne Leroi, or if she is to be committed to an insane asylum. Only the arguments and the judge's instructions to the jury remained to be completed at the condemned woman's sanity hearing before the case is placed in the hands of the jury. To reach a verdict that Mrs. Judd is insane the jury must find she has not sufficient intelligence to understand the nature of the proceedings against her, to understand for what she was tried, conyicted and condemned, to compre- hend the purpose of the punishment meted to her, nor ability to convey to the court or her counsel any facts which might tend to show her punishment to be unjust or unlawful. APANGSE TRODPS ORDERED TO CEASE DRIVE BELOW WAL |Objectives Gained When Chi- nese Are Driven Away From Jehol Border. NEUTRAL ZONE PLANNED EAST OF LWAN RIVER Brigades to Be Returned to North to Combat Bandits in Con- quered Area. By the Assoclated Press. TOKIO, April 22.—The war oTce announced today that J->°n r00pS have been ordered to cease their at- tacks on, and halt their pursuit of, Chinese troops south of the Great Wall of China. The campaign south of the wall, it said, has gained all objectives—the termination of Chinese pressure on the southern boundary of Jehol Province and the pushing of the Chinese be- yond artillery range of the wall. The campaign began officially April 10, more than a month after the seizure cf Jehol. A wsr office spokesman said the Chinese have been expelled entirely from the district eastward of the Lwan River and also from a zone extending an average depth of 10 miles below the wall west of the Lwan River as far as the Miyun area. | Bitter Fight Reported. Shortly after the war office an- nouncement was made the Rengo (Jap- anese) News Agency received a dispatch from its Kupeikow correspondent say- ing sanguinary fighting had been go- ing on southwest of Kupeikow since Friday morning. On FPriday, the cor- respcndent said, the Chinese attacked | positions held by Maj. Gen. Tadashi Kawahara's brigade. The attacks were repulsed with heavy Chinese losses, according to the | Japanese account, which admitted there were numerous Japanese cas- ualties. Today Gen. Kawahara attacked for the purpose of driving back the Chinese |in the direction of Miyun, which is | about 35 miles northeast of Peiping. Reinforcements were be | ers’ Union, comes up as a substitute for }nofln! steadily into the Chinese lines | from Miyun. ‘The Japanese claimed some progress | despite stubborn resistance. They as- ‘sened there were five Chinese divisions { iyun district, including some | of the regulars of Marshal Chiang Kai- Shek, the most powerful military figure \ of China. Plan Neutral Zone. | ‘The triangular area east of the river, | which cuts through the wall, extends nearly 100 miles to the sea and about 60 miles, at its base, along the seacoast. | (A Shanghai dispatch said Japanese | and Manchukuan officials established | an independent provisional government in that area Priday at Pettaiho.) The occupied section along the wall to the west of the river extends another 100 miles inland. Recent air bomb- | ings were believed to have scattered | Chinese concentrations at. Miyun, 35 | miles northeast of Peiping, below the | western end of the Jehol border. The | Japanese contended these concentra- | ticns were threatening Kupeikow, a | Great Wall pass 30 miles north of | Miyun. | Without seeking Chinese agreement, | the Japanese army intends to ‘maintain | & neutral zone in this area thus cleared, | it was stated. Any Chinese troops at- | tempting to re-enter will be bombed by Japanese planes. If this fails, In- fantry operations will be renewed. ‘The Japanese command believes the Chinese are unlikely to attempt to re- occupy the zone. Want Troops Against Bandits. ‘The Japanese intend to hold the present lines only a little longer, they said, until there is no likelihood of fresh Chinese attacks. The war office spokesman admitted the Japanese were anxious to return a portion of the brigades participating in the Jehol and north China cam- paigns to their former stations in north Manchuria, owing to & revival of ban- ditry and insurgency against the Man- chukuo government. ‘The war office denied that Japan was encouraging the reported attempt of the Manchurian general, Ting-Chiang, to establish a pro-Manchukuo regime east of the Lwan River and declared such schemes would be disclosed. Japan has no intention of assisting in the extension of the Manchukuo government’s authority beyond the Great Wall, it was asserted. Since the Japanese offensive south of the Great Wall began, there were reports that it was not likely to halt until it reached Tientsin and Peiping, the two cities where most of the 3,000 Americans in the area live. Bomb Explodes in Havana. HAVANA, April 22 (#).—A bomb ex- ploded shortly after midnight today at the corner of Aguila and Barcelona streets. The bomb, blamed on politico- terrorism which had not manifest it- self since the bloody events of Holy day, did no damage. FACTOR MADE KIDNAPERS THINK ONE OF GANG WAS DOUBLE-CROSSER Wrote Himself Ransom Letter Asking Only $50,000 as/ Trick to Create Dissension. By the Associated Press. CHICAGO, A 22.—The strategy } e into_bel as State’s attorney’s polic tinued their hunt for the youth’s ab- ductors today. Young Factor, 19-year-old North- western University student was released. unharmed, by his captor, and returned to_his home early yesterday. Reiterating a previous statement that he did “not pay a cent” of ransom, the elder Factor said his entire campaign | retaliation. back was devoted to & lan of crea After the first ransom ved he wrote another himself, ask- ing for $50,000, pretended tbat it had Teceived from the sbductor, and | gang was betraying them. IDEMOCRATS 0BEY PRESIDENT'S ORDER T0 RUSH INFLATION Bill Driven Toward Senate Passage in Face of G. 0. P. Resistance. |REED, WALCOTT, SNELL AND LUCE ASSAIL BILL Mortgage Refinancing Section of Farm Bill Pending—Vote Due on Frazier Plan. By the Associated Press | . Senate Democrats moved steadily for- ward today despite the Republican storm raging around the administra- tion's controlled inflation plan, ready to strike and drive the legislation through at the first break in the clouds. Heeding emphatic word from Presi- dent Roosevelt that he regards prompt enactment of the measure as essential to his general reconstruction program, ar- rangements were made to take it up in the Senate at the first opportunity, probably late today. But the severe indictment of its pro- visions and aims from the pen of four prominent Republican members of the Senate and House foretold the bitter denunciations to come before the Pres- ident’s proposal for complete power over inflationary moves is granted him. Senators Reed of Pennsylvania and Walcott of Connecticut and Representa- tives Snell of New York and Luce of Massachusetts, issued a 1,000-word statement last night, asserting the con- trolled inflation plan will ring no permanent prosperity,” that it “violates {the most elementary principles” of eco- nomics and is “better designed to de- feat than promote business recovery.” Mills Called Lobbyist. The Republican attack was prepared in conferences attended by Ogden L. Mills, Secretary of the Treasury under President Hoover, and was issued a few hours after Representative Dies, Demo- crat, of Texas had introduced a resolu- ;1:(1:01: t}fleX lggu&e calling for an investi- of lobbyists in general “‘-m l‘)c:lnr.) I 1 and Mills e Democratic reply to this crystal- lization of opposition was a rergzwed determination to let the storm blow out its fury and then roll up the over- whelming Democratic majority to bat- ter the legslation through both Houses. Leaders took mnote of Mr. Roosevelt's desire for such an instrument in nego- tiating with foreign statesmen for in- ternational agreements to stabilize cur- rencies and promote trade revival. ‘The controlled inflation measure, in- troduced by Senator Thomas, Demo- crat, of Oklahoma, as an amendment to the administration farm bill, will be made the pending business of the gflnu;mmu'mu e re- inc of the farm bill disposed of. ] be acted upon, the Senate must vote on the Frazier substitute for it, & sub- stitute proj unrestricted issuance of Federal bonds for refinancing farm debts. A vote on the Frazier substitute was set for 1 p.m. today. Republican attacks did not wait for terday by Senator Reed, who asserted that it would allow expansion of the currency by $20,000,000,000. The steady Republican fire culminated last night in the statement issued by Reed, Wal- cott, Snell and Luce. ‘Would Back One Section. ‘They said they could support only one provision of the Thomas amend- ment, that authorizing the Federal Re- serve System to buy up to $3,000,000,000 of Government bonds as a means of ex- panding credit. But, they added, they could support that section only in view of the “existing emergency” and felt it “contained grave objections.” The section permitting the issuance of $3,000,000,000 in new currency was denounced as “inflation on a grand scale,” while the provision to empower the President to reduce the gold con- tent of the dollar was attacked as un- constitutional, with a prediction it would prove disappointing. If the issuance of new currency, the (Continued on Page 2, Column 5.) ACTIVITY SUBSIDES ON STOCK EXCHANGE Shares Dip $1 to $2 at Opening, but Recover, Several Issues Showing Slight Gains. By the Assoclated Press. NEW YORK, April 22.—Wall Street excitement subsided today and markets quieted down to relatively narrow trading ranges. ‘The flurry incident to the suspen- sion of the gold standard appeared to have passed and markets awaited developments in Washington in the direction of controlled inflation and international steps to stabilize cur- rencies. The stock market dipped $1 to $2 & share in spots at the opening, but soon recovered, with several issues showing slight gains. Cotton lost nearly a dollar a bale in the early dealings, but regained much %tlu loss a trading comlm;ehd.. Bfl':: ures, after yesterday's rp back, recovered moderately. The bond market was somewl mixed, but was quieter and with a gen- erally firm tone. Fluctuations in the dollar in relation to other currencies narrowed. It ap- peared that foreigners had reduced their supply of dollars and had no more to sell, and that it would be diffi- cult for the dollar to go sharply lower unless Americans were permitted to sell. American Telephone dropped nearly $2 at the start, then regained most of its loss, getting back above $92. Union Copper Jsies were up Slightly by mid- opper issues were uj tly by mid- rning. The share as a whole at is | mo; that time showed little e from y's moderately active,