Evening Star Newspaper, April 28, 1933, Page 5

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RAI BILL MESSAGE DRAFTED BY ROPER Document to Accompany Co- ordinator Measure to Con- gress Is Completed. (Continued Prom First Page.) Washington, chairman of the Interstate Commerce Committee, has already ex- pressed himself to this end. Witnesses likely to be heard in that connection include railroad presidents, shippers, Secretary Roper and Commis- sioner Joseph B. Eastman of the In- terstate Commerce Commission. Jatter is being mentioned in ranking circles here as the administration’s choice for Federal co-ordinator. The measure was drafted by Secre- taries Roper and Woodin, Senator Dill, | Dr. W. W. Splawn, railroad expert: Commissioner Eastman, Representative Bland, Democrat, Virginia, and Repre- sentative Rayburn, chairman of the Mouse Interstate Commerce Committee. Section 2 of the bill, according to a copy of its original draft, sets out that “in order to protect and foster interstate commerce in relation to railroad trans- portation by preventing and relieving obstructions end burdens thereon, re- sulting from the economic emergency, and in order to safeguard and maintain an adequate national system of trans- portation,” the office of Federal co- ordinator is created Section. 3 directs the co-ordinator to divide the railroads of the country into three groups—Eastern. Southern and Western. He also may make changes in these as he may deem to be neces- sary. Three regional co-ordinating committeés are to be created. one for each group, consisting of five members. Carriers to Fix Rules. The carriers in each group, acting through their directorates or designated officers, shall select the members of the co-ordinating committees, and shall pre- scribe the rules under which the com- mittee may operate. The carriers in making the committee selections, ac- cording to the bill, will have a vote in proportion to its mileage lying within the defined regions, subject to the ap- proval of the co-ordinator, Section 4 stipulates that the purpose of the bill is to “encourage and pro- mote or require action on the part of the carriers which will avoid unneces- rary duplication of services and facilities of whatsoever nature and permit the Joint use of terminals and trackage.” This section also provides for promo- tion of financial reorganization of the capital structure of carriers so as to re-} duce fixed charges, the stability of rail- way credit and to call for an immediate The | RS. OGDEN M. REID, wife of ilation is to be deemed a misdemeanor Jand calls for a fine of not less than 1$1.000 or more than $20,000 for each offense with a dgily accrual of these penalties if the violation is continued. Improvement of Service. Section 11 directs the co-ordinator to investigate and consider means of improving _transportation conditions throughout the country, and this would include the ability of carriers, financial or otherwise, to improve their proper- ties and furnish service and charge rates which will promote commerce and | industry, and stabilize rallroad labor employment. ‘The co-ordinator is also directed to submit from time to time recommendations for further legislation to obtain these objectives to the Inter- state Commerce Commission, which in turn will submit them to the President and to Congress. Section 12 provides for the expense of the co-ordination administration as set forth above. Scction 13 stipulates that the Inter- state Commerce Commission shall not approve a loan to a carrier under the Reconstruction Finance Corporation act, nor shall it authorize a carrier to issue bonds or other evidence of in- debtedness under the interstate com- ! Douglas, United States director of the budget, pictured at the annual dinner of the Bureau of Advertising held last night at the Waldort- Astoria, New York. The dinner was held in connection with the annual convention of the American Newspaper Publishers’ Association. ° THE the New York publisher, and Lewis W. —A. P. Photo. | | DOUGLAS ASSALS BUDGET INFLATIN \Uncontrolled Spending by U. S. Held Unfair to People. EVENING EXPORTERS 10 ASK TRADE GUARANTEES Convention Envisions Period of Reciprocal Tariffs With South America. By the Associated Press. PITTSBURGH, April 28—A happy family of nations, trading together with | reciprocal tariffs in an era of harmoni- ous prosperity, was envisioned today as the annual convention of the Nlflflnfl” Foreign Trade Council neared a close. Bolstered by messages from Presi- dents of practically every South Amer- ican country giving whole-hearted sup- port to reciprocal trade between the | Americas, delegates went into their final session with every indication of voting to support President Roosevelt’s ‘“new deal” with foreign countries. and of asking the government to guarantee long-term credit abroad. | The “new deal,” as expiained by Fred | I. Kent, foreign exchange controller of | the Federal Rescrve Bank, pictured Uncle Sam as agreeing to drop specific | ihza-—uku-ng American goods. ‘Want Export Guarantees. National Trade Council officials said that 75 per cent of 700 exporting firms | have voted in favor of the Government forming a foreign trade insurance cor- poration to guarantee exporters against loss in long-term loans to purchasers, STAR. WASHINGTOX, e e caiarty n outh amer- PARENTS FOUND DEA !Mr. and Mrs. Claiborne Fox Dis- APRIIL 28, 1933. BRITAIN PERFECTS | NEW TRADE PACTS Agreements Made With Den-; mark, Argentina and ‘The veteran traveler, who Winters in Charleston, 8." C., (LHEYE suggests that Cong;'lcm bje paid - off for a year in silver, just to test the idea. He said: B e e “I wish Uncle Sam would pay | | ek -—Trade agree- the Senate and House in silver ments with Denmark. Argentina and dollars for a year and then you | Germany were announced yesterday | never would hear of inflation or | by the British government to enlarge | silver again. If they would only | Great Britain's foreign markets. go to China for a ccuple of Walter Runciman, president of the weeks they would find out very | |Board of Trade, and Julioc A. Roca, quickly the good old American Vice President of Argentina and head dollar is the only money on of a commerc] delegation to Europe, earth. initialed a commercial pact in which “I think there are about $600,- | “all points of principle” were agreed 000,000 in silver dollars stored in | |upon. Washington now, and it would be | | Subsequent negotiations in Buenos a good thing to pay off the en- | | Aires will deal with tariffs, but authen- tire term of Congress in advance | |tic reports said the understanding in- in this sort of money.” | volves a loan by British financial | houses aggregating $38,000,000, to run | for 20 years. CITY PROSECUTOR’S Doubled Coal Quotas. ! Under the Anglo-German reciprocal trade and tariff concessions, the United | Kingdom granted tariff changes in a limited field in_return for the double [ of quotas for British coal exports to Germany. The Danish market for British in- dustrial products will be increased by the Anglo-Danish agreement, in return for larger quotas for Danish agricul- tural products in Great Britain. Mr. Runciman gave no details about D. C., FRIDAY, U. S. “Marco Polo” Praises Dollar in Inflation Attack Julius Brittlebank, 73-year-old “American Marco Polo,” who has found American dollars the open sesame to many strange places on 12 trips arcund the world, and is planning a thirteenth in June, today called upon Congress not to inflate the dollar or re- monetize silver. covered in Burning Bed at Home. and predicted that a resolution indors- noon. Department of Commerce speakers indicated that the administration is not averse to such an organization, suggest- ing that the Reconstruction Finance Corporation be given the organizing job. Questions of currency inflation, ex- change restrictions and credit expan- sion, which have been submitted by delegates and are to be answered in open forum by experts, will be debated | prior to the closing session this after- noon. They were postponed late yes- terday because of protracted discussion of South American problems. of Pennsylvania, sent word that he will be unable to address the convention Special Dispatch to The Star. NEW YORK, April 28—Lewis W. Douglas, director of the Federal Bud- get. says “budgetary or uncontrolled nflation” would be unfair to the people of the United States. “This task of balancing the budget is in process of accomplishment,” he told members of the Bureau of Ad- vertising of the American Newspaper Publishers’ Association at a dinner last night. “I am sorry I can't say that it because of the press of legislative mat- ter in Washington. ! Explains Brazilian Situation. | Answering a_ question by representa- | | tives of several firms. asking what was being done to permit them to withdraw sums tied up in Brazil. Kent said: ‘The Brazilian situation i America is a very difficult one. Their debt charge ranges between $150,000.- 000 and $200.000.000 a vear. It can ing this step will be adopted this a(ler~l Beihsisssciated bress lhe" atrrnngnanznthm_gh Argentina ex- | MAYSVILLE, Ky, April 28.—The SEP 0 say al e “cotton textile in- | | dustry has been considered & | parents of Andrew Fox, city prosecut- | case” wE |ing attorney, were found dead on their| It was understood that Great Britain | burning bed here vesterday, but officials Wil take as much of the foreign ex- |said they apparently were dead before change from Argentina as is actually | the flames reached their bodies. earned—meaning_ that Argertine mar- ‘The couple was Claiborne Fox, 60, Kkets would be left on the old competi- | well-to-do retired farmer, and his wife, ' tive basis for the present. l?;nmn.fi 53, prominent Maysville club- Detalls Not Divulged. Burns they suffered were insuffi- cient to have caused immediate death, Coroner Albert Knox reported. His verdict, he said, would be withheld un- til after he received the report of a| they had died of poison before the flrei broke out. Kerosene had been poured over the | bed, Fire Chief R. E. Newall said, be- | fore the clothing was ignited. i Belief that Mr. and Mrs. Fox were dead or at least unconscious when the fire broke out, officials said. was indi- cated by the fact that they lay in flames, and that they evidently had made no effort to escape. although the window of their room is only a few Definite details will not be divulged, it is expected, until the formal ratifi- cation, but it was learned that the agreement has two principal parts, one involving exchange, which provides for Senator David A. Reed, Republican. |y, 200, “Ky " laboratory, on whether | the thawing of frozen pesos in Argen- tina so that English exporters can get money for gocds sold and British own- ers of railroad and other stocks in Argentina can get their dividends. Entailed in this is a grant by Bar- ing Bros. of a £10.000,000 loan for 20 vears, at 4 per cent interest, to be is- Sucd at par, with amortization to begin | after five years. The loan was consid- o Soutn | sleeping posture as if unaware of the ered more in the light of a credit In return for exchange concessions, the gist of which is that Great Britain will be allowed such proportion of for- feet from the ground. | eign exchange as she is actually en- ® HART SCHAFFNER ® KNOX HATS & MARX CLOTHES o HANAN SHOES - Hatters to the past 23 Presidents of our country KNOX Now you can have this distinguished label in YOUR hat, at only g E style you want—off-the-face or snap brim—in the shade most becoming to you . . . A KNOX « « « last word in quality and styling « « « select yours today or tomorrow! has been accomplished, but it Will be | only be paid by means of investments study s of v udy of other means of improving|pioie"act" oo mended, unless it should Fire Chief Newell said there was no | titled to there, is & meat agreement Other Knox Hats—$7, $10, $20 accomplished. * transportation conditions in all its forms and for the preparation of plans, Section 5 is regarded in railroad cir- cles as highly important. It provides that it shall be the duty of the regional committee on their own initiative sepa- rately, within each group, and jointly, where more than one group is affected, to carry out the purposes in the pre- ceding sections, so far as that action “voluntarily accomplished by the carriers.” Punishment Provided. In instances where committees are unable to carry out such purposes by voluntary action for reasons either legal or otherwise, they may make a recommendation to the Federal co- ordinator for a suitable action under & specific order against a recalcitrant carrier. Specific provision is made authorizing the co-ordinator to enforce such orders and they shall remain in effect until revoked by him “or sus- 'nded or set aside or modified by the terstate - Commerce Commission.” This section also specifies that the eo-ordinator may provide for the crea- tion and administration of “a just pooling arrangement.” Section 6 directs the Federal co- ordinator to ‘“confer freely with the committees and give them the benefit of his advice and assistance.” The committees, carriers and the Interstate Commerce Commission also are direct- ed to furnish him such information as he may desire in investigating any matter within the scope of his duties. “If in any instance,” the bill states, “a committee fails to act with respect to any matter which the co-ordinator has brought to its attention and upon which he is of the opinion that it should act, he is hereby authorized and directed to issue and enforce such order, giving appropriate directions to the carriers with respect to such mat ters as he shall find to be consistent with the public interest.” Section 7 directs the co-ordinator to provide means whereby such central committees as may be selected by and represent railway labor organizations in each of the regional groups shall be advised of any contemplated orders requiring changes in service or opera- tion which will affect the interest of employes. The co-ordinator is directed to confer freely with committees of or- ganized labor before issuing such orders. Collective Bargaining. The bill preserves collective bargain- by the railway unions and declares that it shall not be construed so as to amend or modify in way the rail- way labor act or contracis entered into under the act. In railroad labor circles here today discussions indicate dissatisfaction with | quarters of important French industrial | some phases of the bill. The Associa- tion of Railway Labor Executives was in session here today considering the; measure and will decide on its policy. | Section 8 provides for appeals to the | Interstate Commerce Commission by any interested partics. including car- riers, shippers and employes. Each may , petition the commission for a review and the commission would be author- ized to suspend an order pending re- view. Express direction is given, ho ever, that if an order is suspended, ex- | pedited public hearings must be held. | The commission may affirm, vacate or | modify an order of the co-ordinator. | The full text of section 9 is as fol- ows : “The carriers affected by any order of | the co-ordinator or commission made pursuant to this act shall, so long as! such order is in effect, be, and they are hereby relieved from the operation of | the ‘anti-trust laws,’ as designated in | section 1 of the act entitled ‘An act| to supplement existing laws against un- lawful restraints and monopolies and for other purposes. approved October 15, 1914, and of all other restraints orl prohibitions by law, State or Federal, other than such as are for the protec- | tion of the public health or safety, in | so far as may be necessary to enable | them to do anything authorized or re- quired by such order made pursuant to | this act; Provided, however, that noth- ing herein shall be construed to re- | peal, amend, suspend or modify any of the railway labor act or the duties and - obligations _imposed thercunder ~or through contracts entered into In ac- cordance with the provisions of lhe{ said act.” Section 10 sets forth penalties for non-compliances with the orders. Vio- RIGHT IN STEP WITH NEW DOLLAR VALUES ATLANTIC GREYHOUND find that the financial structure of the carrier is such that there is reasonable prospect that the carrier can, without reorganization, survive the depression. ‘The final section, 14, specifies that the set-up shall go into effect for one year unless extended for another year by presidential proclamation, but in no event continues beyond two years. The co-ordinator bill will be accom- panied on its journey to Capitol Hill by the reorganization plans of the Commerce Department. This reorgan- ization provides for the creation of a five-section transportation bureau hav- ing jurisdiction over land, sea and air commerce. The plans call for the trans- fer of some of the Interstate Commeice Commission’s Bureau to the transpor- {tation section. However, the comnis- ision will not be a part of the new struc- ture. OIL PRODUCTION SLASH . Restoration of *“Fair” Prices Aim of Independents Since “Dime- | a-Barrel” Notice. By the Associated Press. KILGORE, Tex. April 28 —Aroused to_concerted action by “dime a barrel” offers for their product. independent | operators in the prolific East Texas oil field today undertook to slash produc- “fair” crude prices. In mass meeting. members of the ,newly organized East Texas Independent ,Oil Operators’ Association said were in favor of closing their wells un- Itil the posted price for oil was raised by the major companies. They asserted |independents own approximately 5,000, jor half, the wells in the field. A telegram was sent to Jesse H. | Jones, chairman of the Reconstruction | Finance Corporation at Washington, |asking if it would be possible to ob- tain loans to carry them through the shut-down period by putting up back allowable oil and reserve oil as security. [tion as a means of restoring IHERRIOT TO ATTEND RITE | NEW YORK, April 28 (P —Officials of Rockefeller Center announced yes- | terday that former Premier Edouard | Herriot of France will attend cere- { monies Saturday dedicating La Maison | | Francaise. one of the buildings under | construction at the development. i The building is to be American head- !m!ll‘x!ies and also will house Govern- | STARTED IN EAST TEXAS, they | “There could be nothing more unfair to the people as a whole - * * than budgetary or uncontrolled inflation. And for that reason the credit of your | Government must be kept unimpaired.” Asks Aid of Newspaper Men. He called upon the country to “have {faith in the Government” on the ground that it has demonstrated com- plete control over its fiscal affairs. Douglas asserted that newspapers have the power to dispel fear and called upon them to exercise it. “It is important that you and I have faith in the future.” he said, “because any recovery depends upon faith. There will be no recovery if we all have a foar of looking forward. Nothing is conducive to defeat than fear. “This task of balacing the budget is | in process of accomplishment. I am sorry I can't say thal it has been ac- complished, but I can say that it will be accomplished, and when I say that, I mean it. Credit Must Be Unimpaireds ; “There are many ways in which this balancing of Federal expenditures and receipts can be expressed. such as em- ployment and happy homes. | . “There could be nothing more unfair to the people as a whole, to the war veterans, to the Federal unemployed, to holders of insurance policies and all others than budgetary or uncon- trolled inflation. And for that reason the credit of your Government and m: Government must be kept unim- paired.” : Retrenchment was not matter of cutiing here and there, Mr. Douglas said, but was “very pammli the and heartbreaking” because of great number of war vetcrans whose funds from the government and contented merely_a | | by_other countries at this time. “Brazil bas no gold. having shipped her last to London recently as a debt pavment. 1 understand she is nego- | tiating with England for another loan. | But her repayments of this and former loans is dersndent upon Brazils ex- ports. “I believe the Department of State, and possibly of Commerce, are present- ing to Brazil a proposition to find a way wherebv fcreign exchange control can be made to dovetail in operating. If we can help her find a market for her products. we hope that the extra dollars of a trade balance which might be accumulated can be used to recover American funds segregated there and to repay some investors.” Mutual Co-operation. Kent said that other South American countries are being dealt with sim- ilarly, mentioning Brazil's condition as “probably worst.” with Argentina, Chile and Peru next in order. “We are going to have the power to eliminate many of the ills” Kent said, “and I mean ills on both sides. We are approaching the subject in a complete spirit of mutual co-operation, of good will.” Missionary Group Elects. ROUND HILL, Va.. April 28 (Spe- cial).—Group 1 of the Women's Mis- sionary of Potomac Baptist Association again named Mrs. Luther Otley of Pur- cellville leader for the group and Mrs. Anna T. Carneal of Leesburg secretary- treasurer. Rev. J. L. Hart, missionary to Chile, spoke. The Time and Place Committee named Hamilton as the Fall meeting place of the group. were to | be cut off and the Federal employes | whose salaries had to be lowered. If anything made such a situation easy to bear, he said, it was the manner in which the veterans and employes themselves accepted the inevitable. Miss Earhart Is Speaker. “The veterans' ethics were worthy of the uniform they wore,” he said, “and the ethics of the Federal em- ployes were worthy of the government they served.” Other speakers included Mrs. Amelia Earhart Putnam and Charles F. Ket- tering, vice president and research di- rector of General Motors. The aviatrix praised the accuracy of American newspaper reporters, and said that “those in aviation realize the ideb! we owe to the news associations | ZI know I speak for every aviator when | I say this.” Edwin S. Friendly, business manager of the New York Sun and chairman introduced Frank E. ment offices. It is next to the British | of the dinner, o, | IS™&F 'evigrnce to indicate the fire was ac- by which Argentine producers may ex- port virtually up to the level prevailing before the Ottawa agreements. FLYING ANTS (Termites) Cause £10.000.000 Damage Annuslly cidental. The blaze, he said. was cen- tered in the bed, and little damage was done in the room except to the bed and to the ceiling above it. Stanford Medical Dean Dies. SAN FRANCISCO, April 28 () —Dr. William Ophuls, 62, dean of the Stan- ford University Medical School and widely known authority on pathology and bacteriology, died here yesterday after a long ill Vacating Unnece Terminix Co. of Washington 1102_National Press Bldg. 3 Phone National Marlow Quality Marlow’s name is vour guidepost to Quality fuel and fuel service. Let us put you on the road to greater heating comfort with Marlow’'s Famous Reading Anthracite—the fuel that comes from America’s richest hard coal mines. Lower prices this month, but full Spring reductions | have not been effected as yet—announcement will be made at the earliest moment. | | Marlow Coal Co. i 811 E St. N.W. NAtional 0311 | Dependable Coal Service Since 1858 ... better LATE than never! So we took the saving OTEE L and pass it on to you! Famous Empire Building on the Fifth avenue side, which is nearly completed. [a[——=|a[———ol———|a] DEEP CUT PRICES fEVERGREENS; Our Final Sale of Finest Quality Ever- [ 8reens—Actually W These Varieties Biota Nana Golden Juniper Stricter Juniper Chin. Alba Juniper Depressa Plomasa Spreading Juniper Juniper Prostrata E Juniper Sabina Juniper Tamariseifolia and many other vari ties. On Sale.. oo Only 2 Varieties of a Kind to a Customer Extra Special—$ Japanese Red —now in bloom—the lowest price we've ever quoted on these fmc azaleas. 10 for $5—ep« All Sales Cash—Free Delivery ’s Opposite Ft. 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Our very finest Suits Repriced to $30.50 And where to find the finest selection of SHIRTS LL Manhattan Shirts are good, of course . . . From the plain white collar-attached style to the fan- ciest separate-collar-to-match shirt . .. at $1.55 or anywhere to $3.50, whatever your price . . . you're get- ting fine pre-shrunk fabrics and un- excelled tailoring . . . but if you want to “‘pick” from assortments that have been selected in best taste, you must “pick” your store . . . We have an excellent showing of plain colors at -$155 OTHER MANHATTAN SHIRTS $1.65 to §3.50. Manhattan Pajamas & Mansco Underwear You are invited to open a CHARGE ACCOUNT You may pay in 30 days, or use our Extended Payment Plan— with 4 months to pay, no down payment, and no interest charges © WASHINGTON'S FINEST MEN'S WEAR STORE o fl'lmqu HABERDASHE 1310 F Street 5

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