Evening Star Newspaper, May 7, 1933, Page 1

WEATHER. (U, 8. Weather Bureau Forecast.) yesterday; lowest, 49, at 5 a.m. Full report on page 9. No. M’ MATH KIDNAPER SOBS A GONFESSION AS POLICE RECOVER RANSOM OF $60.000 Kenneth Buck, 28, Jobless Chauffeur, Admits Plotting Abduction—Brother Held as Go-Between. CHARGES ARE PREPARED| FOR HEARING TOMORROW 1,468—No. 32,513, Principal in Crime, Himself Father of Small Son, Describes Black- ing His Face With Cork to Ef- fect Theft of Girl—Case De- clared Closed. By the Assoclated Press. HARWICHPORT, Mass., May 6. —Kenneth Buck, 28-year-old un- employed chauffeur, tonight tear- tully confessed to plotting and ex- ecuting the kidnaping of 10-year- old “Peggy” McMath after swift police action had brought Buck and a brother into custody and recovered a $60,000 ransom. He related, Gen. Daniel Need- ham, State public safety commis- sioner said in a statement, a fan- tastic tale of how he used black- | face make-up and a grotesque hood in accomplishing the ab- duction, and then receiving the $60,000 ransom for the child's return. With his brother, Cyril, 41, Ken- neth was lodged in the county jail tonight as authorities pre- pared charges which will be pre- ferred against them Monday in Provincetown District Court. As related by Needham. Kenneth, the father of a child three years young- ! er than “Peggy,” told how he conceived the plot to kidnap the girl, whose grand- parents are wealthy Detroft residents. He worked out his plan last Sunday, Needham said, two days before he drovs up to a sehoolhouse in Harwichport ana carried the girl away. He kept her for three days, when, after negotiations with her father, Neil C. McMath, he| delivered her to him on a little yacht in a harbor near the McMath home. Entire Ransom Found. ‘The ransom money, in bills, was fur- nished by the child’s grandparents. It | was recovered in its entirety today in Kenneth's home. Last Tuesday, Kenneth said, he| walked into the woods in the rear of | his home, burned several cork stoppers and applied the residue to his face. Then, putting on white gloves, Need- ham quoted him as saying, he drove to the South Chatham post office, called the school and, under the ruse he was the child's father, obtained her dis- missal from school. He drove through two streets into a | sparsely settled section, bound the | child and then placed her in a house. | After hiding the girl, young Buck removed the black makeup and then went to another school to bring home | his 7-year-old son, Kenneth, jr. Contact with the parents was made by his brother Cyril, Kenneth said, after he asked Cyril to help him by being an emissary. Letters in “Peggy's” own handwriting were furnished and Kenneth demanded $250.000. Further negotiations brought the sum from $25.000 offered by McMath finally up to $70,000, which was agreed upon Cyril, however, refused to take $10,000 as his share, and only $60,000 was de- livered. The final negotiations, the alleged | confession disclosed, were made in the yacht Bob, owned by William Lee, busi- ness associate of ‘Peggy's” father. Wore “Bunny's Hood.” ‘There again, Kenneth was disguised by a peculiar hood, which “Peggy” he self described as like a “bunny’s” Ke: neth did not speak, but asked and a swered question by writing with tk Bkl Y W he (Continued on Page 2, Column 5.) STATE PROSECUTOR'S | DISBARMENT SOUGHT Refusal to Allow Probe of Vote Frauds Is Cited in New Orleans Case. By the Associated Press NEW ORLEANS. May 6.—The New Orleans States said in its Sunday edi- tion today that Attorney General Gas- | ton L. Porterie “has been recommended for expulsion from the Louisiana State Bar Association by the Committee on Ethics of that organization.” The newspaper said the committee recommendation was based on “his ac- tion in refusing to allow District Attor- ney Eugene Stanley (of New Orleans) to Investigate glaring vote frauds per- petrated in the November election on constitutional amendments.” The Ethics Committee, the States said, granted a 10-day period to allow appeal from its recommendation to the Executive Committee of the bar associa- tion, adding that Porterie had taken such an appeal. Porterie could not be immediately reached for a statement. Investigation into the vote count here on State constitutional amendments adopted in last November’s election was started late last year by District Attor- ney Stuslty uexg gen:;ln h-loud boxes ‘were subpcena y the grand jury. Subsequently, Attorney General Por- terie announced that he had superseded Stanley in the grand jury inquiry. Nu- merous sessions of the jury have since been held, but no report on the investi- gation has been made. Destruction of ballots six months after an election is authorized under Lou- isiana law, and with this period expiring today, a joint committee of the State Bar Association and the Honest Elec- tion League two deys age secured & court order to prevent any destruction pending completion of the grand jury , at 5:30 pm. yesterday. Entered as second class matter post office, Washington, D. C. Clark Howell Shuns Big Political Plums To Aid Party at Home By the Associated Press. Literally beseiged by job hunt- ers, the administration found one man yesterday who does not care for one of the political plums— Clark Howell, Atlanta publisher. President Roosevelt offered Mr. Howell a choice of several im- Argentine, Peru, Poland and Turkey. The Atlantan, who is prominent in the Democratic party, is un- derstood to have sent word to the President that he felt he would be of more service to the party remaining at home and in his present capacity. DEMOCRATS RENEW DRIVE TOMORROW T0 FINISH PROGRAM Completion of Farm Relief Bill Remains—First Re- port-to House. BY G. GOULD LINCOLN. Democratic leaders in Congress, fol- lowing a week end recess, are preparing to drive ahead with the administra- tion’s rehabilitation program again to- morrow. They have still to put the finishing touches on the farm relief bill, although both houses have agreed to the same currency inflation proposal. The con- ferees are to report to the House first— & complete agreement on the bill except on the so-called cost of production plus amendment adopted by the Senate. The administration is opposed to this cost-plu$ plan and the party leaders in the House expect it to be voted down in that body. Certainly they are plan- ning to do their best to defeat it. While the House is tackling the farm bill conference report, the Senate may dispose of the conference report on the $500,000,000 relief bill. That legisla- tion is expected to be passed finally within a day or two. The Senate has, too, the so-called censorship bill, ready to take up, reported from the Foreign Relations Committee. And of the ma- Jor legislative measures of the adminis- tration's program, the securities bill, de- signed to protect the investing public from fraud, i1s pressing for considera- tion in the upper house. Measures to Be Compared, Senator Fletcher, chairman of the Senate Banking and Currency Commit- tee, said last night that he would call up the securities bill as soon as possi- ble. The House has passed such a bill and sent it to the Senate, while the Senate committee has drafted and re- | Chairman | ported a bill of its own. Fletcher today will compare the two measures. It may be that the House bill will be substituted for the Senate measure now on the calendar and passed by the Senate with a few amend- ments. Senator Fletcher said that he expected this legislation to be put| through without much opposition. The important bank reform bill, which Senator Carter Glass of Virginia, as chairman of a subcommittee, has had in charge, is expected to bz re- ported to the full Banking and Cur- rency Committee Tuesday. Senator Fletcher said that the full committee was ready to take it up for considera- tion and action as soon as the sub- committee made its report. He said that he believed this measure should be | written into law certainly before the Congress adjourns. While it has been reported that Sen- ator Glass has reached agreement with Secretary of the Treasury Woodin that he Swdi WITH DAILY EVENING EDITION N/ WASHINGTON, D. C, SUNDAY. MORNING, MAY 7, 1933—NINETY-SIX PAGES. TWO NATIONS BACK TRADE TRUCE IDEA; U. 5. HAS NEW DEBT PLAN, PARIS HEARS Italy Approves Proposal on Tariff as Japan Indicates Sypport—Argentina Favors “Economic Disarming.” LUMP SUM SETTLEMENT REPORTED ACCEPTABLE French Newspaper Understands Single Annuity Arrangement Was Submitted by Washington. Democratic Opposition to Reduc- tion in Obligation Is Indicated. PARIS, May 7 ®.—The newspaper Petit Parisien sald today it understood a Washing- ton plan for a general adjust- ment of war debts had been submitted to France. The newspaper said it under- stood the plan provided for cancellation of interest, with a lump-sum settlement, the | principle payable in a single annuity in three ways: One- third in gold, one-third in cer- tificates to be issued imme- diately and one-third in cer- tificates to be issued later through the Bank for Interna- tional Settlements. | | By the Associated Press. | The Roosevelt drive for a tariff ! | truce among nations, pending the | world economic conference at | London next month, was carried on vigorously yesterday, winning the support of two nations. Guido Jung, Italy’s finance min- | ister, joined President Roosevelt hege in a declaration that “a truce in the field of tariff” is essential to success of the conference. He left early today for Boston to sail for Italy. In Tokio the Japanese government indicated its agreement to the truce, subject to reservations. Norman H. Davis, American Ambas- sador at large, received instructions to remain in London to press the tariff question instead of returning to the disarmament conference at Geneva. A | powerful conservative element in the ‘Brmdsh government is apparently op- | " Though tariffs were not mentioned, | a statement issued jointly by President cial Argentine envoy, referred to “si- multaneous economic disarmament of the world” as imperative, and men- tioned a “close similarity of views and judgment” on ways and means to re- store trade. Debt Disagreement Reported. Meanwhile the President and spokes- men of the European debtors were said to be in disagreement on the issue of war-debt relief, and what steps the Chief Executive will recommend to Cu’ngress remained highly problemati- cal. Even as this became known it de- veloped that some Democratic Congres- Roosevelt and Thomas Le Breton, spe- | sicnal leaders privately were voicing militant opposition to any move by the administration toward debt cancella- tion, reduction or even a moratorium during the fast-approaching London economic ccnference. The_world parley will meet on June 12. Payments of $144.000,000 from debtors are due on June 15. From a source close to President Roosevelt it was stated that the Chief Executive is counting on at least a partial payment on June 15 of the sums the bank reform bill will, if it carries a bank deposit insurance provision, post- pone that feature’s operation for a year, such an agreement will meet with (Continued on Page 4, Column 4.) ANOTHER AMERICAN TO HEAD WORLD BANK Leon Fraser Will Succeed McGar- rah After Serving as Alter- nate at Basel. By the Associated Press. BASEL, Switzerland, May 6.—Leon Fraser of New York will become presi. dent of the World Bank for Internatiol al Settlements at the third annual meet- ing of the directors, which begins here Monday. He will succeed Gates W. McGarrah, also of New York, who has guided the world superbank since its foundation three years ago. Fraser has been alter- nate to the president. He was desig- nated to become head of the bank when McGarrah decided several months ago to retire. Central bank governors began to ar- rive tonight for the informal meeting of governors tomorrow. They meet monthly as a prelude to the directors’ meeting, but tomorrow's session is ex- pected to be an important one in view of the world monetary situation. ‘The general assembly, over which Mc- Garrah will preside for the last time, will open Monday and is expected to close Tuesday. A 6 per cent dividend has been de- cided upon for the third time. due—if not the whole amount. This was echoed on Capitol Hill. A program of world recovery encom- passing arms reduction, a tariff truce, a return to a gold standard, an inter- national plan of public wcrks bullding and a world-wide expansion of credit was set forth by President Roosevelt and Mr Jung as the upshot of four days of intensive concentration upen the world's econcmic ills. No Decision on Debts. To reporters at the handsome stone Italian embassy on Sixteenth street, Jung said in answer to questions: “We explored the debts .problem sympathetically and in a spirit of friendliness, each of us setting forth the peint of view of his own government. There was no agreement nor decision.” Italy owes the United States about | $2,000,000,000, but enjoys the easiest payment terms of any major debtor nation. In a second joint statement at the White House an American-Argentine accord on world economic revival was made kncwn as a series of earnest talks with Dr. Le Breton of the far South American republic likewise drew to a close and the President turned to (Continued on Page 5, Column 2.) FOREIGN STUDENTS FRIENDLY TO NAZIS INVITED TO GERMANY New Writers Supplanting Ludwig, Mann and Wassermann School Named in By l‘hr Associated Press. BERLIN, May 6.—Foreign students who have an understanding of the German spirit will be cordially wel- comed to Germany, Bernhard Rust, Prussian minister of education and cul- ture, announced today. He issued a communique aimed at dispelling apprehensions abroad that such students would recelve less friendly treatment at German universities than they have in the past. He announced the names of 14 new members of the authors’ section of the Pressian Acad- emy, wl:;drephce such writers as Pl Emil Lud- | copi Prussian Academy. wig, Jacob Wassermann and Bernhard Kellerman. ‘The new appointees include Werner Beumelberg, Erwin n!}olbenheyvr. Peter Doerfler and Agnes k, Included in the works bannéd from Jack London, Bertha von Suttner, who wrote “Die Waffen Nieder” (down with weapons), also appeared. New books “com] included all those by Nazi writers, like Chancellor Hitler’s “Mein Kampf” (my fright), of which there must be 3 to 10 es kept in each library. o BROKER'S TPWINS | KENTUCKY DERBY Bradley Horse Noses Out Speedy Head Play by Scant Margin. BY ALAN GOULD, Assoclated Press Sports Editor. CHURCHILL DOWNS, LOUISVILLE, May 6.—Roaring down the stretch in | one of the most thrilling, bitterly fought | two-horse finishes in fhe 59-year his- s tory of the classic Kentucky Derby, , Broker's Tip carried the famous colors of Col. Edward Riley Bradley to tri- umph today, by a scant nose, over the speedy Head Play in a smashing upset that hurled back the East's challenge to the thoroughbred resources of the bluegrass. Nowhere at the start and only ¢leventh in the 3-year-old field of 13 around the first turn, Broker's Tip hand- ed the form players a terrific jolt. The dark, powerful son of Black Toney- | Forteresse came with a sensational | rush on the far turn, passed the tiring Charley O and Ladysman, the favorite, and then battled Head Play, nose and nose, in a tingling duel of horseflesh and rough riding right down to the wire. First one, then the other colt moved | ahead as they came tearing toward the | finish, every nerve straining and every | heart in the crowd of 35,000 beating | wildly. It was so close at the finish that most onlookers had no idea which horse had won until the official result | was posted. The race itself was so hotly fought that Jockey Herb Fisher on | Head Play, filed a protest on a charge he had been fouled in the stretch by | Don Meade, the winner's rider. The | protest was disallowed, while the judges | withheld the official result, but Fisher | and Meade were still so excited that they started to trade blows in the dressing room before companions pried | the rivals apart. Beaten off badly in the closiny Charley O, owned by Mrs. R. M. East- man, and Ladysman, star of the W.| (Continued on First Sports Page.) TODAY’S STAR PART ONE—20 PAGES. Gmufln News—Local, National and| Foreign. | g drive, | t PART TWO—10 PAGES. Editorials and Editorial Features. | The Home Gardener—Page 4. Army and Navy News—Page 4. Community Chest News—Page 5. Community Centers—Page 5. Disabled American Veterans—Page 5. Stamps—Page 6. Schools and Colleges—Page 6. Spanish War Veterans—Page 6. Italian War Veterans—Page 6. Fraternities—Page 7. D, C. Naval Reserves—Page 7. PART THREE—12 PAGES. Society Section. D. A. R. Activities—Page 9. Veterans of Foreign Wars—Page 9. News of the Clubs—Page 11. | PART FOUR—é PAGES. Amusement Section—Stage, Screen and Music. Y. W. C. A. News—Page 3. 1 In the Motor World—Page 4. Aviation—Page 4. District National Guard—Page 4. . Marine Corps News—Page 4. * American leflan—hfill, American Legion Auxiliary—Page 4. Radio—Page 5. PART FIVE—4 PAGES. Sports Section. PART SIX—14 PAGES. Pinancial News and Classified Adver- Parent-Teacher Activities—Page 13. Y. M. C. A. News—Page 13. W. C. T..U. Notes—Page 13. American War Mothers—Page 13. g‘mnmd Reserves—] 14. ic Library—Page !;:‘e PART SEVEN—16 PAGES. Section. m( New Books—Page 11. Notes of Art and Artists—Page 12. Crossword Puzzle—Page 13. Hivnughis of HistorsPage 1. o —] . Those Were the Happy D':p—l’ue 16. GRAPHIC SECTION—§ PAGES. ‘World Events in Pictures. COLORED SECTION—S PAGES. Holly of Hollywood; K¢ Up With the ; 'Smatter ; Mr. and Mrs.; Ta: Little n_Annie; Moon Mullins; The Timid Soul, Piece of Flag Left In Arctic by Peary Is Given to Family | | By the Assoctated Press. NEW YORK, May 6.—A small plece of an American flag that Admiral Peary left in a cairn on the shores of the Arctic Sea while on his famous sled trip in 1906 was returned to the family of the late explorer today. The presentation was made to Mrs. Edward Stafford, a daugh- ter, by the American Geographi- cal Society in whose possession it had been since found by the MacMillan Expedition in 1914. The plece was a part of the silk flag made by Mrs. Peary her- self and that the admiral car- | | ried on all his expeditions. Mrs. Stafford is the former Marie Arnighite Peary and is known as the “snow baby” be- “cause she was born north of the Arctic Circle. AGREES T0 MODIFY JOBCUTSBY QUOTA | Deficiency Subcommittee De- cides to Change Plan Be- cause of Inequalities. Modification of the provision written into the independent offices appropria- tion bill that discharge of Federal em- ployes in the departmental service in | Washington be on the State-quota basis, | was agreed upon yesterday by the de- ficlency subcommittee called into a surprise executive meeting to consider | this matter. General opposition to this | proposal had been experienced in both ! House and Senate. | The clerk of the Appropriations Com- mittee was instructed yesterday to have | the new language drafted for submission | to a meeting of the full Appropriations Committee Tuesday morning. Representative Thurston, Republican, of Towa, who sponsored the provision, acmitted at the meeting that he was mistaken as to its effect. The provision would apply only to the departmental employes in Washington and in no way affect the feld service. It would not dismissed in the fleld to place in the District to complete the State's quota. As a matter of fact, Thurston's home State is one of State’s that have employes here in excess of their quota. Jowa, under the quota system, is en- titled to 668 appointments and has re- ceived 741. Other Western members were misled regarding the effect of the provision and followed Thurston's lead. There are 33,733 positions in Washing- ton under the State-quota system. ‘Two Oppose Provision. It was brought out at the executive session yesterday that the Civil Service Commission has consistently opposed dismissals under the State-quota sys- tem. Chairman Buchanan of the Ap- propriations Committee and CI an ‘Woodrum of the Subcommittee on Inde- pendent Offices both are opposed to the provision as written into the bill re- ported to the House. The independent offices measure comes up for consideration in the House this week under a special rule making in order as riders on the appropriation bill this and other important legislative provisions essential to President Roose- velt's economy and reorganization pro- gram. These include authority for the President to make selective retirement with annuity of workers who have been in the Federal service for-30 years or more, in advance of their regular re- tirement, a%ec . C. Babcock, secretary of the Civil Service Commission, and C. E. s accountant, were withesses before the committee yesterday. They had been called to furnish data regarding the number of employes who would have been affected the State-quota pro- vision and statistical information con- cerning the number of appointments under civil service to which each State or Territory is entitled and the number actually made. would suffer most se- verely, it was shown, in the statistical information. The District and four States are in excess of their quotas, while only one State, New Hampshire, has its exact quota. The District is entitled to 132 positions, and 10,714 ap- pointments have been made, but it has been pointed out that many of these appointees are Washingtonians by adoption, having originally come here from the States, taken their examina- tion and remained in Government em- SECONDD.C BANK NOVE T0 REOPE | District National Outlines Re- organization Basis to Stockholders. Pirst definite steps by officials of the District National Bank to bring about |the organization of an entirely new banking institution were announced last night by Chester Wells, chairman of the Reorganization Committee which | has been hard at work on the baffling problem for the last nine weeks, or since the bank failed to open after the Nation-wide bank holiday. The proposed plan, which was mailed | to all District National Bank stockhold- | ers late yesterday, calls for the forma- | tion of another national bank, having |s capital and surplus of $1,000000, $800.000 of which sum shall be obtained through the sale of common stock and the other $500,000 from preferred stock taken by the Reconstruction Finance Corporation. One of the most important aims of the new reorganization plan is to make available at once to the depositors in the present District National Bank from 50 to 60 per cent of their deposits, the announcement says. This sum to be obtained through the disposal of liquid assets. “From Press to Home Within the Hour” The Star is delivered every evening and Sunday morning to city ‘and suburban homes by The Star’s exclusive chrrier serv- ice. Phone National 5000 to start delivery. (UP) Means Associated Press. FIVE CENTS [ TEN CENTS ELSEWHERE IN WASHINGTON AND SUBURBS GIGANTIC JOB PROJECT DRAFTED BY INDUSTRY 'TO REVIVE PROSPERITY 56,000 Manufacturers Reported Supporting Program to Re- employ 3,000,000 Men. BILL RELAXING TRUST LAWS TO BE GIVEN TO PRESIDENT Safeguards Against Monopoly Provided in Legislation Calling for Close Government Supervision. (Copyright, 1933, by the Associated Press.) A gigantic plan designed to put at least 3,000,000 men back to work in private industry on a specified date was revealed here yes- terday, reported as having the backing of 25 chosen representatives of 56,000 manufacturers. Meanwhile, friends of the administration had almost completed the draft of a bill to be presented to President Roosevelt next week | for relaxing the anti-trust laws so that private enterprise, by regulat- ing itself, could throw its combined strength against the walls of the depression. Two Major Principles Embodied. | This far-reaching measure, described by its supporters as em- bodying a long stride from individual to co-operative effort on the part of industry, was asserted to have two major principles: 1. Industry would have every chance to regulate itself under close Government supervision, with complete flexibility of the anti-trust laws, but with safeguards against monopoly. 2. A concerted movement would be provided against unemploy- ment, with concessions being granted to industry in return for the employment of additional working forces. While not integrally a part of this legislation, the program for calling upon industry voluntarily to put at least 3,000,000 persons back on their jobs is intended as a supplementary attack on the present economic conditions which would move alongside of the Government’s public works program. | The plan has been approved by a steering committee represent- |ing the Association of National Manufacturers, and in addition re- ceived endorsement by a 9-to-1 vote from the Committee of the Na« tion, composed of more than 700 leaders of the national life, banded together to chart a way upward from the depression. Members of Steering Committee. Among those of the Steering Committee of the Manufacturers” Association are J. H. Rand, jr, New York manufacturer; Lammot du Pont of Wilmington, Del.; Robert P. Lamont, former Secretary of Commerce and now head of the Steel Institute, and former Governor O. Max Gardner of North Carolina. The association last week re- | solved in favor of reviving the Council of National Defense, but Mr. | Rand said yesterday the committee now had approved the plan for | putting men back to work and manufacturers over the country were ing notified of the action. | Rand, who is chairman of the Steering Committee and also of the Committee of the Nation, said that industry believed that if given the legislation to work out its own problems on a co-operative basis, it should be willing to anticipate and aid recovery by putting men back to work. “This legislation, if approved, would be the greatest mg forward for industry in the last 40 years,” he said, predicting that t! le manu- facturers of the country would stand back of the committee’s action. The bill ftself is being drafted bye | friends of the administration headed |'tnat buying power would be quickly re- The announcement further proposed new institution | subcommittee made up of Assistant | started turning aga that the states| by Senator Wagner of New York. and the wheels of factories would own no real estate, slow or doubt- ful paper, as it is intended that such assets be held by the present bank and liquidated for the benefit of depositors and stockholders. It is understod that Joshua Evans. jr., president of the District National and conservator of the bank, is fully in accord with the reorganization pro-! | posals and that he lent the fullest co- operation in their preparation. 20,000 Shares Planned. The plan being sent to stockholders contemplates the issuing of 20,000 ‘ Secretary John Dickinson of the Com- | merce Department and David L. Podell | of New York, a nationally known ex- | pert on the anti-trust laws, is whipping | it into final shape for presentation to | the full committee and probably to the | President early next week. | _Its supporters, including Senator | Wagner, are hopeful that the Chief | | Executive will give the measure his ap- proval so that the legislation may be introduced at this session of Congress. Mr. Roosevelt as yet, however, has not viewed even an outline of the pro- posals. in. President Roosevelt and his aides will tacl the problem of control of in- dustfy and wages this week with a view to expediting legislation at this session. Spokesmen of business, labor and the public will gather with advocates of various plans and under the guidance of special representatives of the Presi- dent seek a formula for emergency leg- islative action. ‘The outlines laid down by Mr. Roose- velt in his talk to the Chamber of Commerce for Government supervision of voluntary industrial control are ex- pected to be the basis for action. Lewis Douglas, director of the budget make possible the transfer of employes | t0 shares of common stock, par value $20 | | per share, to be sold at $25 per share.| ettt i (ahombne alhen s | X- |tained in the following official state- in the program is how the new set-up ment made public last night: | would be Sdministered. "The adminis: The Reorganization Committee of | tration in similar matters, including the the District National Bank has today | ralroad bill, has leaned toward a single | r‘:llled to its stockholders a plan which | gjrecting head or co-ordinator. Some cludes the organization of & new members of the committee, however, National bank with a capital and sur- | favor & separate agency composed of P"l;efl‘ 31rm~mk°§a';‘i21:‘:3fognfl} perlb'tllps fl;’e‘ men, intimate with the mium of 25 per cent, making $500.000. | * Unon. this :g‘e';tg’would fall the re- and the obtaning of, $500,000 additional | sponsibility for approving agreements Board of Five Proposed. One of the points to be cleared up loy—the city' 1a. dustry. Kihytand 15 entitied o H41; and 3004 a tments have been made. Virginia is entitled to 655, and 2,254 have (Continued on Page 2, Column 2.) | from the Reconstruction Finance Cor- poration through the sale of preferred stock. “It is said that the first object of the plan is to have made available im- mediately to unsecured depositors of | the District National Bank from 50 to 60 per cent of its deposits. This is contemplated through the acquisition by the new bank of the liquid assets of the District National Bank, consisting of securities and loans which could be immediately converted into cash, if necessary, and the assumption and pay- ment by the new bank of about 55 per cent of the unsecured deposits of the present bank. The new institution would own n» real estate, slow or doubt- ful paper, as it is proposed that such assets be held by the present bank and liquidated in an orderly manner, first, for the benefit of its depositors and then for its stockholders. “The new bank is to have no con- nection with the District National Bank and no interests in the latter's assets. It will have prime loans and interest- bearing securities carried at present market values, in addition to its capi- tal stock and surplus of $1,000,000. “Stockholders are being requested to subscribe for stock in the new bank (Continued on Page 2, Column 8.) within the various major industries, in- cluding steel, textiles, mining and the like, and for watching over operation of the laws so that in any relaxing of the Sherman and Clayton acts there would be no monopolies created or violation of the rights of labor. scales for the entire country, each in- dustry would be enabled to fix its own minimum wage, fix working hours and otherwise act to prevent cutthroat com- | petition and “sweatshops.” In drafting the legislation, the com- mittee, which includes Wagner, Dickin- son, Rand, Podell, Jerome Frank, solici- tor of the Agriculture Department; M. C. Rorty, noted engineer, and others, has recently consulted members of the American Bar Association, the Chamber | of Commerce of the United States and | Tepresentatives of labor. Labor's Right Guarded. It was said yesterday by one of the drafters that the bill would carefully safeguard the anti-trust laws and the rights of labor, and that before it is laid before the President, organized labor would be further consulted. The entire program is envisioned as ! tying in with the Government's public | works program on such a huge scale “LITTLE WHITE HOUSE” GUARDED TO CURB SOUVENIR HUNTERS Georgia Adjutant General Details Two Soldiers to Protect Property at Warm Springs. chair off the front porch. The souvenir x A, May 6.—To curb the ac- tivities of souvenir hunters at Presi- Gen. Camp said Arthur E. Ca: resident trustee of the Springs Foundation, had “The reports to this " sald Gen. Camp, “are that souvenir hunters have af shrubbery, have broken twigs off trees in the vicinity and have taken away other ghings, including & rpenter, ‘Warm . | on the reservaf hunters mean no harm, of course, but the damage to the President’s property must cease.” Sergts. Allison L. Little and Atlanta were prings y 8, 1933, for duty as guards at the residence of the Presi. dent of the United States at that place.” Mr. ’s vacation residence is tion of the Georgia Warm Springs Foundation, which he founded for treatment of persons suffering from after effects of wmwnl’ll The at the foun- Under it, instead of minimum wage | mind. h is w “m on s w ' A and general utility man of the admin- istration, and Department of Com- | merce officials probably will co-ord: ate the varying propositions now ad- ‘L‘;‘:efl by the leaders of business and T. It will be Douglas’ job to bring to- gether the many groups which have | been meeting separately on this pr lem. Under the leadership of Sen: tor Wagner, one group of experts ha: pointed to & plan for establishment of trade associations within each industry to control production, minimum wages and hours of work. There is every indication that this proposition, which would involve Gov- ernment sanction of a relaxation in the anti-trust laws to permit the trade as- sociation agreements, is very much in line with what the President has in Respond to Wage Appeal. Donald Richberg, counsel of the Rail- way Labor Executive Association, also has been working on the problem, as has Col. Hugh Johnston, an aide of Bernard M. Baruch. Meanwhile, the President received word yesterday from two New York con- cerns that they had increased wages in response to his appeal for a higher wage scr:le to meet the increase in commodity prices. Whether the industry control legisla- tion will be advanced as a part of the impending public works bill or as a sub= stitute for the Black 30-hour worke week measure is unknown. Senator Black, Democrat, of Alabama, (Continued on Page 2, Column 2.) FARM AREA QUIET AS QUIZ IS RUSHED First of Prisoners Expected to Face Trials Next Week—Army Rule Nears Close. By the Associated Press. DES MOINES, Iowa, May 6.—Nine days of military control in Northwest owa’s farm war area neared an end today, with quiet reigning over the sec- tor where agricultural unrest broke into mg;nlclfn: lu:' week. more than 150 prisoners has revealed evidence that threats of violence were used in iracy. It Mfly that military rule will be lifted next week and