Evening Star Newspaper, June 10, 1933, Page 4

Background of World P International Desire - DOLLARS RETURN Delegate to Economic Parley Predicts Price Debacle if Parity Was Regained: The background of the World Economic Conference, which will convene at London on June 12, is portrayed in a series of 10 articles, of which the first is presented in this issue. BY ARTHUR CRAWFORD. Among odjectives of the World Eco- nomic Conference the establishment of stable monetary conditions is of pri- mary and fundamental importance. This phase of the many-sided prob- lem involving financial and economic relationships is of even greater moment to the United States than it was a few By the Associated Press. i LONDON, June 10.—The opinion| that there is not the slightest belief in the United States that the dollar ‘would be returned to its gold parity was expressed today in a press interview by Ralph W. Morrison of Texas, a member of the American delegation to the World Economic Conference. “If the dollar were returned to its |Tonths ago ;’;.’:‘:é.‘,‘,‘;;:“"“fi’,.‘:“;; ©ld basis there would be the greatest | qohih “i1c % e recognized more than debacle in prices ever seen,” the Amer- | previously by nations which profited by fcan asserted. ;:-u\son of their depzafited cu“rr\;élcz)e: e i emal “People who are now running from | i€ the Uit B money to sccurities and properties| ‘There are reasons why it is not easy back to money, and the fall | for all nations to return to a full gol mm,: e 1d be terrific. standard ab once, but there is general = W uo Fis agreement that gold should be the Debacle of Prices. ! monetary unit supported perhaps to & “I do not think there is the slightest | minor extent by silver. Stabilieation of paper currencies is likely as the first| belief among the population of the|step in a gn:duxla‘!l e;t.ablishmcm of an i international gol asis. 1‘;’,"‘:‘(.?“rs,f;;esmu:,?r,‘,}}';md{fli?r:‘;‘2,&"’;g Gold has superior qualities for use Stable Monetary Conditions. fraction grams gold “If it were, there would be the greatest debacle in prices ever seen, be- cause all these peopl who hav run to property would immediately run back to | the dollar. “A lot of our people would like to see the President use his full power and go to 50 per cert, other would like to see 20 or 15 per cent devaluatiol It would be very difficult to establish @e facto currency stabilization, he added, and say specifically that the dollar, pound and franc should be held to stated levels. He contended that the removal of trade restrictions is essential to any stabilization of more than the most temporary character. “Internal necessities of correcting debt structures require the devaluation of currencies in most countries,” the American maintained in reference to a question on private debts. He expressed the belief that stabiliza- tion of the dollar at some point would be acceptable to the administration, but doubted if the administration itself knows what figure should be selected. Stabilized at 10-Cent Cotton. ‘When asked whether a price of 12 cents a pound for cotton would be agreeable to the administration in establishing its internal price level, Morrison said a lower figure would be satisfactory. He mentioned “around 10 cents” and #aid cotton farmers in his section were doing fairly well at 9 cents now. A corresponding figure for wheat would be, roughly, $1 a bushel. Questioned concerning the partial German moratorium on private external debts, Morrison said it would “just be the hard luck” of purchasers of Ger- man bonds and that the moratorium is not a governmental matter. He ex- pressed confidence Germany would work its way out of the difficulties. —_— OKLAHOMA CHILDREN HONOR INDIAN MAID Btate's Pocahontas to Be Remem- bered by Granite Marker Erected at Muskogee. MUSKOGEE, Okla. (#).—Moved by the story of an Oklahoma Pocahontas, Muskogee children are saving their pen- nies to erect a granite marker to her memory. Grant Foreman, historian who dis- covered the history of Milly Frances Hadjo, a Creek Indian maiden, told it to the children at the local public li- brary, and for several weeks they would listen to no other story-hour narrative. ‘The proposal for Milly’s commemora- tion was largely the development of the children's own desires, Mrs. Dorothy Coachman, librarian, said. In 1817 Capt. Duncan McKrimmon, on American officer, was captured by a band of Creek braves and, according to tribal custom, was to be killed. Milly ' appealed to her father, the chief, to save his life, but was told his fate was in the hands of the braves who cap- tured him. Thereupon the girl declared they could not kill him without taking her life first, and he was spared Afterward, legend relates, the captain asked Milly to marry him, but she re- fused, coming to Oklahoma when the Five Civilized Trizes were moved West. Many years later she was found, ill and in need, by Capt. Ethan Allen Hitehcock, making an official inspec- tion of Five Tribes forts and agencies for the War Department As a result of his efforts she was voted 8 small pension as well as the Con- gressional Medal of Honor in 1844. She died near here several years later. VETERAN GROUP DEMANDS ECONOMY ACT REPEAL Representatives Hoeppel and Lemke Criticize Legislation in Speeches at Meeting. A group. of veterans assembled last night in Stanley Hall, Scldiers' Home. listened to denunciation of the economy act by two members of Congress, and adopted resolutions opposing it. Representatives Hoeppel of California and Lemke of North Dakota made the speeches against the act adopted afterward reads “Whereas we who of this country which made large num- bers of millionaires and billionaires and those of us who served in peace time are about to be depiived of cur meager allowances in order o permit the spend- ing of immediate sums in preparations for future * * * be it resolved that repeal of the act im- oup, acting as the Veterans’ National Rank and File Committee, in- dorsed the demands made the re- cent veterans' convention at Fort Hunt TREATED FOR POISON Peter Samos Several Days Ago Was Overcome by Gas. Peter Samos, 40, a roomer in the 1300 block Monroe street, who was treated several days ago after being overcome by illuminating gas, was in a critical condition today in Freedmen’s Hospital after swallowing poison at his home. Samos was given first aid by mem- bers of the Fire rushed to the hospital. the illuminating gas were not serious it was said, but the man's recovery from the poison is held doubtful. SHOE FIRM RAISES PAY Rescue Squad and The effects of as an international monetary standard. It is necessary to have some sort of a |link to connect national monetary sys- Items so as to provide a method by which_transactions may be carried out. | Gold has been found to be a conven- | ! jent standard of this sort. It acts as a | common denominator in measuring Conference arley at London Includes for Establishment of being forced to operate on a basis of inconvertible paper currency. Foreign exchange fluctuated under very wide limits. In the years immediately fol- lowing the war the monetary systems of Germany and a number of other European countries broke down com- pletely. The reorganization _process lasted about a decade. The Brussels Conference of 1920 recommended a re- turn to gold and the Genoa Conference of 1922 recommended a wide use of the gold exchange standard. New monetary systems were established in some coun- tries, while in others, such as Great Britain, where the currency had been kept under control, there was a stabili- zation on gold. The reorganization process had no more than been completed when the financial crash of September, 1831, | forced Great Britain to abandon the |gold standard. | Withdrawal of short-term credits from London by investors of other countries followed other repercussions of the series of events which com- menced with the collapse of | Creditanstalt in Austria earlier in 1931. | The demands of British gold reserves were more than could be met with safety. _Other nations quickly followed Great Britain in abandoning the gold |standard. In the case of some of them, !such as the Scandinavian countries, commercial relations with Great Britain were so close that it was desirable that they should adjust their monetary basis to that of the pound sterling. Since that time about 35 nations have officially suspended the gold or gold ex- change operations with many restric- values of transactions between countries. Conversion of Currency. | Thus in dealings between the United States and France, while both coun- a simple matter to convert one cur-| rency into the other. The amount of gold in an American dollar was approx- | imately 25 times the amount of gold | in a French franc. Therefore the dol-| lar was worth approximately 25 times a franc. 3 | If the exchange situation remains stable commerce flows freely among gold standard countries. Under con- ditions now existing with France, the only major nation remaining on a free ;gold basis, exchange values fluctuate. | Mot countries, including even the | United States, have been forced to place restrictions upon exchange trans- actions in order to protect their cur- rencies and facilitate payment of their external obligations. In ordinary times countries main- taining a gold standard accept gold without limit af a fixed price for mint- ing into coin. ~There is a free circu- { lation of gold coin as full legal tender | | and redemption of paper currency in gold. Reserves of from 30 to 40 per cent or more in gold form the element whieh inspires confidence in the sound- ness of the monetary system. No re- strictions are placed upon imports and | exports of gold. There are no hard and fast rules as to all features of a gold standard. The system has varied in different | countries in the paci and still more variations are expected when there is a return to gold following the present experience with managed paper cur- rencies. Three Kinds of Gold Basis. In the past there have been three | chief kinds of a gold standard. There was the specie standard, as in the United States, under which notes are | redeemable in coin. There was a gold bullion standard under which notes are redeemable in gold bars or bullion. There was also the gold exchange standard under which notes are re- deemable at the option of the central bank in either gold or in exchange drawn upon other countries where it ;ls redeemable in specie or bullion. Most European countries in returning to a gold basis after the war adopted either the gold bullion standard with a rather | high minimum redemption limit or the | gold exchange standard. | Great Britain and France both | iadopted the gold bullion standard, but | the former was unable to maintain it, | having made the mistake of returning | to the pre-war parity of the pound with {gold. France, by stabilizing the franc | at_only about one-fifth of its pre-war | value, wiped out a large portion of its| {internal debt and has become, next to | the United States, the largest gold hold- ing nation of the world. In restoring an international gold standard it will be necessary not only i to establish a relationship between the currencies of the different nations, but | also to adjust the gold parity of the monetary unit of each to internal price | levels. When Great Britain in 1925 re- stored the pound to the pre-war gold | par of $4.86 it meant that the burden of debt was increased instead of being | reduced. 'There was a decline in prices. | | It proved impossible to adjust the wage | level to the new relationship. | Not only is Great Britain determined to fix a much lower basis for the pound when gold again becomes the standard, but there is a possibility, despite vig- | orous opposition, that the United States, under the authority vested in President Roosevelt by the inflation provisions of | the farm act, may take similar action | with respect to the dollar. Low prices in the United Stales have caused a de- mand for a cheaper dollar so that more dollars will be required to buy commodi- | ties, or, in other words, so that prices will be higher. | It has been suggested that the United States may reduce the gold content of | the dollar by 15 per cent and that| Great, Britain may cut the former gold | content of the pound by from 20 to 30 per cent. The pound had fallen about 30 per cent at the time the United States placed restrictions on exports of gold. Since then it has risen despite the efforts of the British to hold it down. It would be to the advantage of the United States if the pound should be stabilized at about $3.90, which would be 20 per cent below the former | par, rather than at $3.40 or 30 per cent below, but the British would prefer the lower figure The framers of the inflation amend- ment to the farm act had in mind the possibility of an international agree- Inder its terms the President ed by proclamation to fix weight of the gold dollar in grains -tenths fine and also to fix the ht of the silver doller at a definite xed ration to gold. It is provided jthat “in case the Government of the Unlted States enters into an agreement with any government or governments der the terms of which the ratio be- een the value of gold and other cur- issued by the United States and ch government or governments established, the President may fix | the weight of the gold dollar in ac- cordance with the ratio so agreed upon.” All forms of money issued by the United States shall be maintained at a parity with this standard The present weigh of the gold dollar of 258 grains, nine-tenths fine, may not be reduced by more than 50 per cent. In the debate in Congress on this provision opponents, including Repub- lican leaders, questioned its constitu- tionality as a delegation of power vested solely in Congress, contended that a reduction in the gold content of | the dollar might fail to raise domestic | | price levels as expected, that it would accelerate world competition in cur- rency depreciation and further depress world prices and markets to the detri- | ment of agricultural producers. Presi- | dent Roosevelt has given no hint as to ST. LOUIS, June 10 (#).—A 5 per his intentions under this authority. cent salery increase, applying to all of 10,000 workers in ‘Tennessee its approximately Missouri, Illinois, Indiana, 20 Monetary Systems. Before the World War there were in and New York, was announced here |Europe 20 monetary systems, all of yesterday by the Brown Shoe Co. and its associate, the Central Shoe Co. The wage hike becomes Monday. John A. Bush, president of the concern, said the new schedule will partially restore salary cuts made dur- ing & recent husiness slump, ‘The char- which were based on gold. gold standard varied. ! acter of the rates of only slightly. In the war period the gold standard was abandoned, the Europesn countries exchange fluctuated 1 | abandonment of the gold clause in pub- tions. A féw countries, including Ger- many. Holland and Switzerland, remain on gold. Without much doubt the ! United States, with the largest gold re- |serves of any nation, might have re- | matter of stabilization of international tries were on the gold standard, it was | mained on gold in spite of attacks on| conditions than international agree- the dollar abroad, considerations bear- ing on internal price levels being an important factor in the decision made by the present administration. The decision of the Roosevelt admin- istration to seek legislation for the lic and private obligations and to make all lawful money legal tender in fulfill- ment of obligations does not alter in any way the purpose to encourage a restora- tion of an international gold standard. By removing this burden on gold the problem of maintaining a gold standard l is somewhat simplified. 125 DIE IN 3 DAYS OF EXCESSIVE HEAT Scattered Thundershowers and Breezes May Bring Relief to East. By the Associated Press. The East, still fainting under heat that had felled men and animals, kept its fingers crossed today and waited. It wondered if scattered thunder showers and stirring breezes really meant relief. More than 125 people died in a wave of steaming torridity that rolled first over the Middle West three days ago, | and then over the Atlantic seaboard. Many of the deaths were directly due to the heat, some to related causes. Heat Records Fall. Pictures of eggs done to a turn on sidewalks and of youngsters sloshing in hydrant water broke out on front pages again. Heat records fell by the score. The Middle West enjoyed some sur- cease after heat that killed more than a score in Illirois alone, but 100-degree heat returned to the Southwest yes- terday. In the New York area thun- der showers before dawn today sent the mercury easing downward. In or near that metropolis six persons died yesterday, more than 40 collapsed. and 20 horses dropped in the streets. Twen- ty-three persons have died in Pennsyl- vania as a result of the heat. Sample temperatures for yesterday were: Arkansas City, Kans., 104; 100 at Washington, 98 at Philadelphia and 96 at New York. These were all official figures, and in many spots the mercury | climbed much higher. Highway Explodes. In New York, for instance, meteorol- ogists pointed out that the official ther- mometer is in a shaded shelter atop a skyscraper. They said that it might | easily be 125 on the unprotected pave- ment_below. Citizens of Barnsboro, N. J. were, amazed to see a section of a public| highway explode. The heat had ex-| panded it to the bursting point. At| Mitchel Field, Long Island, another hot | spot, Army officers issued heavy over- coats, blankets and gloves to lads of | the civilian conservation corps. Asked about it, they sala it would be cooler | at Baker, Oreg,, where the youths are | going shortly. TWO WOMEN INJURED IN TRAFFIC COLLISION | = I Auto and Truck Crash at Arkansas' Avenue and Allison Street. the | By the Associated Press. NGTON, iS PARLEY ARE URGED Stabilized Money Problem Is! Studied by Trade Confer- ence Delegates. By the Associated Press. LONDON, June 10.—Monetary and | exchange control problems came to the | | fore today in preparations for the { World Economic Conference. With the arrival of American bank- ing, financial and economic officials and experts, the keenest interest was aroused in world financial quarters over | a possible solution of what London | economic quarters call the American | “enigma” — the ~American monetary | poticy. A drop this week in the dollar ex- change has re-emphasized the vital im- plications in world financial affairs of the eventual stabilization of the dollar. De facto stabilization is being strongly urged as a prime objective of the con- ference, which opens Monday, with | representatives of 67 nations sched- uled to attend. Finance Experts on Scene. Oliver M. W. Sprague, assistant to| the Secretary of the Treasury, who,| with three other experts, George L. Harrison and J. Crane of the New York Federal Reserve Bank and James War- | burg, official adviser to the American| delegation, arrived yesterday, has said | that currency stabilization is more a| i ment. ‘This statement has led to the belief that control of exchange rates in ef- forts to smooth out fluctuations and achieve virtual stabilization may be the best that can be expected pending the development of an internal program | for an American business revival. Secretary of State Cordell Hull, chief of the United States delegation, has pointed out that exchange stabilization is only one step in the solution of world economic problems and unac- companied by the removal of trade bar- rlcrsé cannot succeed in restoring world trade. Nevertheless, tariff experts doubt that any progress can be made in readjust- ments in that field without the achieve- ment of comparative currency stabili- zation first. Hope to Cut Preliminartes. The American delegates, meanwhile, in a round of preliminary discussions, | are urging steps to expedite the con- ference. A procedure such as has been fol- lowed in previous parleys sponsored by the League of Nat:ons, in view of the number of delegates at this conference, would indicate that two or three weeks will be taken in preliminary speeches, another three weeks or so in the se- lection and organization of committees, and several weeks of study by commit- tees before any decisions are reached. The Americans hope the procedure can be shortened so that real results will be evident in at least two months. Secretary Hull and Prime Minister Ramsay MacDonald of Great Britain met yesterday at luncheon in the home of Ray Atherton, counsellor to the American embassy. Great interest at- tached to their conversation, because of the imminence of the due date of the $75,950,000 British war debt install- ment to the United States, Debts Not Discussed. It was said emphatically that the debt was not talked about by Mr. Hull and Mr. MacDonald. Widespread attention also was paid reports of the abandonment of a reso- lution seeking flexible tariff powers for the President, but Americans here be- lieved the American Tariff Commission procedure gives some leeway in making tariff adjustments. The arrival of former Gov. James M. Cox, vice chairman of the American group, and the four financial experts was followed almost immediately by th'l beginning of discussions to frame the American financial policy. 341,000,000 BUSHELS IS WHEAT ESTIMATE Winter Crop Expected to Be 121- 000,000 Under Last Year's Production. Production by important States of this year's Winter wheat crop, an- nounced &s totaling 341,000,000 bushels as compared with 462,151.000 bushels last year, was made public today by the Department of Agriculture. The condition of the crop on June 1 and indicated production follow: | Pennsylvania, condition, 85 per cent | of a normal, and production, 15.947,000 | bushels; Ohio, 80 and 33.022,000; Indi- ana, 74 and 21930,000; Iilinois, 75 and Missouri, 74 and 16,016,000; South Da- kota, 63 and 2,740,000; Nebraska, 74 and 27,310,000; Kansas, 50 and 56,696,000; Oklahoma, 51 and 25.432,000; Texas, 39 and 15,810,000;. Montana, 68 and 7,378~ 000; Idaho, 73 and 9,392,000, Wash-! ington, 57 and 10,735,000; California, 66 and 9,324,000, The condition of all Spring wheat on June 1 by States was: Minnesota, 86 per cent of a normal; North Dakota, 86; South Dakota, 82; Montana, 87, Washington, 83. i Victims Sent to Hospital. Two women were injured late yester- | day when the automobile in which they | were riding and a laundry truck col- | lided at Arkansas avenue and Allison | street. They are Mrs. Isabel Newbold, 41,| and Mrs. Rosa Waldron, 52, both of | 3500 Fourteenth street. They were | taken to Garfleld Hospital. Mrs. New- | bold was reported to have received | bruises and a shoulder injury and Mrs. | Waldron bruises. X-rays were to be | taken to determine whether Mrs. New- | bold's shoulder was broken William O. Newbold, 3500 Fourteenth street, was driving the automobile in which they were riding, police said, while the laundry truck was being driven by Alfred E. Hervitz, 600 block of Otis street. BANK RECEIVERS NAMED | Richmond Court Acts on Corpora- tion Commission Recommendation. | RICHMOND, Va, June 10 (#)—| Judge Julien Gunn of the Richmond City Circuit Court yesterday entered an | order naming receivers for the closed American Bank & Trust Co., Richmond. The receivers are Sherlock Bronson, attorney; Logan R. Ritchie, chief State bank examiner, and the Bank of Com- | merce & Trusts, Richmond. | Appointment ‘was made on applica- | tion of the State Corporation Commis- | sion. Miklas’ Daughter Weds. VIENNA, Austria, June 10 (#).—The effective ' There were free exports of gold. The | marriage of Marianne Miklas, daughter ! of Wilhelm Miklas, the President of | Austria, to Eric Foistreite, registrar of lower Austria, took place today. Cardi- nal LArchbishop . Innitger officiated.. | fighting their marital battles in court, | CLASH ON WEDDING DAY Couple in Court Discover Date, but Refuse to Make Up. PHILADELPHIA —It was just an- other day to Mr. and Mrs. Felix Smith, until Judge Lewis asked them how long | they'd been married | “We were married——, why we were | married eight years ago today,” gasped Mrs. Smith. “This is our wedding an- niversary.” The realization failed to bring recon- ciliation, however. Truck Leaps 5 Feet And Spills Load as Heat Damages Road By a Staff Correspondent of The Star. FALLS CHURCH, Va., June 10. —Buckling under the intense heat yesterday afternoon, a sec- tion of the Lee Highway at the car tracks here is claimed to have raised a truck five feet in the air and to have dumped the load from the truck into the strcet. 'The driver was said to have narrowly escaped injury, his escape being attributed to the slow speed with which he was approaching the cg tracks. There were nurherous places where the cement shoulders on the highway gave way and buckled during the height of yes- terday's heat. In order to avoid accidents and to prevent incon- 23,664,000, Michigan, 77 and 14.310_000.1 g venience, State highway forces were put to work to repair the damages last night and motorists this morning were not subjected to any hazards. D. C., SATURDAY. TEPS T0 SPEED UP [IAPAN ANNOUNCES Arbitration Pact Reported “Crystallizing”—Roosevelt Denies Knowledge. By the Assoclated Press. TOKIO, June government hopes to establish new peace pacts with all nations, including the United States, and at the same time is considering steps to curb British anti- Japanese commercial policies. A foreign office spokesman told the Associated Press that efforts for a new Japanese-American arbitration treaty are today “hopefully crystallizing” after it was suggested at the White House talks last month between President Roosevelt and Viscount Kukijiro Ishii. He emphatically denied newspaper as- sertions that the prospective “better- ment” of Japanese-American relations would in any wise be due to Japan's desire to strengthen its front in the British tariff controversies. The spokesman revealed that Japan hopes by the proposed peace treaties to offset “her seccesion from the League of Nations.” Negotiations between Holland and Japan for such an agreement were first announced April 14. It was said that this accord would serve as a pattern for similar treaties with other powers. President Roosevelt was quoted as say- ing he did not know of any arbitration treaty understanding between the United States and Japan. relations but included no understand- ing for a new arbitration pact. 10—The Japanese | It was said | his talks with Viscount Ishii embraced | nearly the whole field of international | JUNE 10, 1933. By the Associated Press NEW YORK, June 10.—Mrs. Algernon Sydney Sullivan, who danced quadrilles with King Edward VII when he was Prince of Wales and who was one of the last survivors of Ward McAllister’s original “Four Hundred,” died yester- day at the age of 96. She had suffered from pneumonia | for several weeks and a few days ago | | developed pleurisy. With her when she | | died was her only immediate survivor, | |a son, George Hammond Sullivan, an attorney. | Mrs. Sullivan led every grand march | of society’s annual charity ball from 1883 until 1920, dancing with the Prince of Wales, Levi P. Morton, former Vice President of the United States, and | other notables. She was reputed to have been the only woman living who lliengl_fed at the first charity ball in Mrs. Sullivan, the former Mary Mil- dred Hammond, was born in Charles Town, Jefferson County, W. Va., oldest SURVIVOR OF M’ALLISTER’S 400, MRS. A. S. SULLIVAN, DIES AT 96 TSR i i s i Winchester, Va., Her True Home. of the six children of George Washing- ton Hammond and Sarah Ann Miiton Taylor Hammond. Her birthplace then was part of Virginia. Her grandfather was Capt. Thomas Hammond, who married Mildred Gregory Washington, a niece of the first President. In 1855 she married Algernon Sydney Sullivan, a son of Judge Jeremiah Sullivan of Madison, Ind. After living in Cincinnati two years they came to New York and immediately took an active part in this city’s social life. Mr. Sullivan died in 1887. _ Mrs. Sullivan maintained her interest in her native South and always con- sidered Winchester, Va., her true home. She will be buried there. She was president of the Southern Industrial and Educational Association | for Southern Mountaineers for several years after its founding in 1905, and a patroness of the art school of the | George Peabody College for Teachers at Nashville, Tenn., to which she con- tributed a large art collection. |Former Arkansas Couple Starts Over After Business Failure. HOLDENVILLE, Okla (#).—Nineteen | vears ago, when J. W. Williams was 65 | |years old and his wife 55, they lost their last dollar in a business venture in | Arkansas. ‘Today, without benefit of inheritance, fortunate speculation, striking ofl or any [other short cut to wealth, they possess | SUCCESS LATE IN LIFE [ | a home, 28 town lots and a savings ac- count. They've accumulated all of it “the| hard way,” at first living in a tent, working & rented farm, selling vege- tables from door to door until they | saved enough money to buy a two-| wheeled push cart. | tiga PROVIDES FOR PROBE Senate Favors Investigation of Air and Sea Mail Contracts. The Senate today adopted a resolu- | ton by Senator Black, Democrat, of Alabama, providing $25,000 for an in- vestigation of air and ocean mail con- tracts. The resolution authorizing the in- quiry was adopted several weeks ago, but Senator Copeland, Democrat, of | New York, had objected to the meas- | ur:':1 providing $75,000 for the inves- on. This was cut to $25,000 and Sena- tor Robinson of Arkansas, the Demo- cratic leader, said Copeland had with- drawn his objections. VNG WACE " PASSED BY OHO Roosevelt and Miss Perkins Had Urged Enactment of Measure. By the Associated Press. COLUMBUS, Ohio, June 10.—Legis- lative action on a bill to provide a minimum wage for women and chil- |dren in Ohio industry was completed last night, when the State Senate passed the measure by a vote of 31 to 0 and sent it to Gov. White. The Federal Government, through President Roosevelt and Secretary of Labor Frances Perkins, had urged passage by the legislature of the wage bill and another measure to provide unemployment insurance. The latter has passed the House of Representa- tives, but has not been adopted in the Senate. In a telegram to Gov. White, the President said the un!mg;flyment in- surance bill pending in the legislature is in accordance with our platform. " His dispatch came a few hours after the Governor received a message from Secretary Perkins favoring approval of the minimum wage law. Carrying an emergency clause, the minimum wage bill will become effect- ive immediately upon signature by the Governor, who announced he would approve it. e bill calls for creation of a spe< cial board of the State Industrial Com- | mission to fix minimum wages in various communities. The measure itself stipulates no specific wage, leav- ing that to be based on local condi- tions. 8 - Peanut Exports Increase. | The peanut export trade showed a | 400 per cent gain in 1932. WoobpwARD & LLoTHROP ,JO™™F AND G STREETS PHoNE DistricT 5300 Here Are a Dozen Grand 0pportunities to Save if You SEW YOUR OWN ... these are the COTTONS Powder Puff MUSLINS Printed Chiffon Cotton VOILES Novelty Cotton PIQUE Radium SEERSUCKER Bemberg CHIFFONS Printed Pique VOILE .. .36 inches wide. Regul ... 40 inches wide. Reg larly much more. ularly 38¢ yard. % .. 36 inches wide. Regularly 28c yard. Wide-Wale Novelty Cotton PIQUE ... 36 inches wide. Regularly 50c yard. _Imported Embroidered BATISTE . . . . .. 36 inches wide. Regularly $2 to $2.50 yard. ... 36 inches wide. Regularly 28¢ yard. . . . cotton-and-rayon. Regularly 58¢ yard. Printed Celanese NINON ... 40 inches wide. Regularly 75c yard. ... 40 inches wide. COTTONS, SECOND FLOOR. . . . these are the SILKS Printed CHIFFONS .. . 39 inches wide. . . . discontinued patterns. Re; discontinued patterns Regularly $1 yard. . . . . Exceptional values. Mallinson's Pussywillow PRINTS gularly $2.50 yard. Pu/re-Dye PRINTS from our best makers . .. . regularly $1.95 to $3 yard. BILKS, SECOND FLOOR, '28¢ 7 5c $].65