Evening Star Newspaper, June 29, 1933, Page 1

WEATHER. (U. 8. Weather Bureau Forecast.) Partly cloudy, probably local showers and thunderstorms tonight and tomor- row; not much change in temperature; gentle southwest winds. -Temperature— The only evening paper "in Washington with the Am?cmted Press news service. Highest, 87, at noon today; Full report on page Closing N. Y. Markets, Pages11,12&13 lowest, 170, No. 32,566. post office, Wa: Entered as second class matter shington, D. C. GOLD COMPROMISE REJECTED AS BLOC TURNS 10 U. S. T0 SAVE CONFERENCE France, Belgium, Holland and, Switzerland to Quit Unless| Currencies Are Stabilized, at Once, M’Donald Is Told. MOLEY AND WARBURG | JOIN IN NEGOTIATIONS () WASHINGTON WORLD STEAMSHIP POOL IS PROPOSED BY FRANCE [Plan Offered at Conference Calls for Single Set of Books for Lines of All Naiions, By the Associated Press ¥ LONDON, Junz 29.—A world steam- ship combine, especially on the North Atlantic, designed to lift the shlpplng‘ business from its present chaos, was | proposed by France today at the World Economic Conference. The French suggested an agreement which would limit‘the tonnage of future construction as well as the speed, which would regulate prices, and serve as a “Washington” limitation treaty in the field of commercial shipping. The ' far-reaching proposal was laid | before a subcommittee considering all | forms of government subsicies. It calls for the joint working of all steamship ines, with a jont acccunt covering all futile sttuggle between national flags, which has taken the fcrm of constantly increasing competition in tonnage and speed and in dangerous rates which menace the budgets of both shipowners and states,” the resolution said. “The French delegation proposes that the World Economic Conference advise the states to issue a firm invitation to the shipowners and countries concerned to establish international agreements for the working of the big ocean routes under multi-latera] contracts and to limit the tonnage of future construc- tion, the governments reserving the right to supervise execution of such agreements. ¥ “The World Economic Conference should suggest joint working, subject to maintenance of national flags, of the vessels mentioned in the agreements, to determine routes, timetables and rates WITH SUNDAY MORNING EDITION ’ TEXTILE PARLEY DROPS ITS STUDY OF WAGE DISPUTE Turns to Problem of Costs Increased by Proposed Trade Code. DEPARTMENT HEARINGS MAY CLOSE TOMORROW | Manufacturers Concerned Over Ad- 2t justme:t of Their Oper- ating Schedules. By the Assoclated Press D. C, THURSDAY, JUNE 29, 1933—FIFTY-FOUR PAGES. working_receipts and expenses | and the_tonnage, speed and comfort of ¢The Cotton Textile Industrial Con- Roosevelt Believed Called Upon by ! Americans for Statement of The French would pool interests, but | |would permit ships to operate under i i ition—. national flags. The plan would control Wulungton J sl | sailings in such a manner that a trans- i isi |atlantic traveler would not know Wl i et oo BEnE e e going on a German, French or American ship when he purchased his ticket. “On the big international steamship lines there has sprung up & ruinous Other Matters Dropped for qu’ By the Associated Press. ! LONDON, June 29—An| eagerly-awaited British compro- | mise plan for solution of the stabilization crisis of the World | Economic Conference was| chucked overboard in a meeting | this evening with European gold) bloc countries, and responsibil‘nyi for a way out was laid on Wash- | ington’s doorstep. | The British and the represent—{‘ atives of the gold bloc decided to | appeal to Washington for assist ance in overcoming the stabiliza- tion problem. 1 Demand Stabilization. The British compromise had been offered to meet an ultimatum by the gold standard nations, headed by France, which demanded currency stabilization as the price of their re- maining in the conference. Prior to the meeting between the British and the gold nations there was 2 lengthy conference of British leaders to discuss the compromise plan offered by Prime Minister Ramsay MacDonald, the details of which were not published. | The British conference was visited by Raymond Moley, American Assistant | Secretary of State, and James P. War- | ‘burg, financial adviser to the American | delegation. What part, if any, they| played, was kept a secret. | (INIDENTIFIED MAN ships. The best method of reciprocal control is a joint account covering working receipts and expenses.” The French defended some subsidies as legitimate while the Norwegians, the Britons and the Finns asked that they be abolished. The Italians and Ger- mans termed subsidies a form of pro- tectionism which should be treated with tariffs. KILLS SELF INFALL Taxi Driver Looks on as| Passenger Drops From Calvert Street Bridge. i An unidentified man, apparently about 35 or 40 years old, leaped to his death today from Calvert Street Bridge while a passing taxicab driver looked on. powerless to intervene. | The cab driver, E. M. Morningstar. | 1429 Potomac avenue southeast, said the man rode up to the west end of the 'span in a taxicab, got out and began to run almost immediately. “He dashed toward the center of the bridge.” said Morningstar, “and I kept my eye on him to see what the excite- ment was all about. Suddenly he swerved to the right and vaulted over the rail—apparently without even touching it.” Morningstar, out of his taxi by this time, Tan to the railing and looked over. “He was still going down,” Morning- star said. “There were some tall trees | there and I saw his body shoot through | DAVIS 15 ORDERED BACK T0 GENEVA Ambassador Directed to Re- sume Efforts for World Disarmament. By the Associated Press. LAKEMANS BAY, Rogque m.nd,} June 29.—Norman H. Davis, President Roosevelt's special ‘Ambassador, was | under orders today to return to Geneva to renew American efforts for dis- armament, toward which the Chief Executive feels public opinion in Eu- rope is progressing. A hopeful report on prospects for world peace and disarmament was pre- sented Mr. Roosevelt by the Ambas- sador as they chatted yesterday below | deck in the Amberjack II, fog-bound now for its fourth day of the Presi- dent’s vacation cruise to New Bruns- wick. Mr. Davis was instructed to return ference today grappled with problems of contract adjustments to meet costs in- creased by the proposed trade code, leaving behind differences between em- ployers and labor over wages and work- ing hours. W. L. Allen, deputy administrator, in announcing the next step in the re- covery administration’s effort for a business betterment program for tex- tiles, said the hearings at the Com- ¢ Foening Star. ( N TWEY THougH 1 VACATIONS EATIN co?mrav merce Department may close tomorrow. All who want to will be heard. Of considerable importance to oper- ators is clause 5 of the code which con- stitutes the Cotton Textile Industry Committee, the drafters to assist in ad- Justing contracts for textiles should | COMMODITY PRICES work week. | | Value of Wholesale Dollar 53 Social Problems Aired. Miss Lucy R. Mason of the National Cents Above 1926 Base, Figures Reveal. Consumers' League, and Miss Margaret | Wieseman of the Consumers’ League of Massachusetts, today discussed social | and labor problems in the code. | Some officials expressed surprise that | possible price increases to the comumeri have not figured in the testimony. So " % far in the hearing no spokesman has | [ndications that general business con- | discussed possibilities of price fixing | ditions are continuing to push forward under the code or what that price fixing | despite the falling off of seasonal activi- m‘hg/[ht n;ea? to the consuming p;blic. | ties were seen in the Labor Depart- anufacturers are concerned over P ‘hole- difficulties of adjusting their operating | MeDU'S announcement today that whole schedules to the code by July 17. | sale commodity index based on 784 They are aware of a possibility that‘-mc‘.u had jumped to 65.1 from 64.5 their “recommendations for hours of | guring the last seven days. labor per week and minimum wages per 1 " week which they proposed might be re- The value of the wholesale dollar, vised before the code receives adminis- | Which has steadily increased since the llemnm:h ‘g""}‘fl" and are anxious b!;o indices began to descend on October 1, arn the final figures as soon as possible | 2 for making necessary adjustments. 1932, stood today at 53 cents a?ove its New Hampshire textile mill workers 1926 base. The wholesale dollar’s value protested today that the $11 weekly reached a new low point of 72 cents minimum wage provided for them in | above its base on March 4 this year, Railroad Washout Delays Wallace on Trip to Chicago By the Assoctated Press. HURDLAND, Mo., June 20.—A washout on the Santa Fe Rail- road’s main line near Kenwood, Mo., blocked all trains here today and delayed Santa Fe train No. 6, on which Secretary Wallace of the Department of Agriculture was en route to Chicago. A rainfall of unprecedented proportions had virtually isolated Hurdland and Brashear. ARNAL SERVCE RATES T 5T ' Operators Notified of Slash Pending Determination of *okxk 'Rouu"m UP) Means Associated Press. Yesterday’s Circulation, 115,881 TWO CENTS. T BE SPENDN’ MY Al 300 DUE TO LEAVE COMMERGE POSTS {100 Retired, 200 Married Workers Ordered Off Pay | Roll, Starting Tomorrow. ‘The Commerce Department will re- tire 100 workers and separate 200 mar- | rled persons from its rolls, effective at |the close of the fiscal year tomorrow, it was made known today. At the same time, it was said that | 300 married workers are to be relieved within the next 15 days, leaving only 100 in the depsrtment whose husbands or wives are employed elsewhere in the Government, and these are to be re- | tained because of some special quali- fications. ‘These avenues of retrenchment, along with some others, will absorb the $10,- KAHN ADVOCATES REPEAL OF CAPITAL GAINS TAX CLAUSE Says Sale of Stocks at End of Year Is “Sort of An- nual Custom.” GOVERNMENT GAMBLING ON ITS OWN PROSPERITY, Admits He Sold Shares to Members of Family in 1930 and Other Years. Chairman Fletcher told newspa- permen today the Senate Banking Committee “may make some inquiry into the Roosevelt boom market,” but it would not be done now. “I think it is simply based on antici- pation of what prices may be under the new governmental program,” Fletcher said of the stock market rise. By the Associated Press. Testifying that sale of stocks at the end of the tax year was “sort of an annual custom,” Otto H. Kahn, senior partner of Kuhn, Loeb & Co., recom- mended to Senate investigators today repeal of the capital gains clause of the | tax law. | Kahn said the clause made the Gov- ernment “gamble” on the prosperity of the Nation and caused the market to be depressed at the end of the year. Senator Barkley, Democrat, of Ken- tucky sald Kahn was the first witness to tell of “bear raids” on the market. Kahn asserted that Congress would perform a “great service” if it would find a means to regulate speculation. Must Adjust Selves. The witness contended the adminis- i tration’s “new deal” must be given a | fair chance. “We all must adjust ourselves to a | new day,’ he said. “Whether reaction- | ary or progressive, we must attempt to | give this new legislation a new deal. | “No one” he continued, “is prepared to say now whether it is wholly or | partly right or wholly or partly wrong. | We must give a little time to test the thing out and ascertain later what sug- | gestions could be made without pull- ing out half cocked.” Kahn had told the committee he sold the leaves with a swishing noise. Small | within a week or ten days and pushithe code proposed to govern the in-|g;..oraing to the Labor Statistical Bu- Economy Program. stock to members of his family at the When Mr. Moley departed he said | he had merely taken the opportunit; to shake hands with Mr. MacDonald. | Mr. Warburg was non-committal. It was understood that during the discussion on the compromise by Frenc:: and the British, representatives of the London government stated they coul: snot commit themselves to any arran; ment which left America outside sta- bilization. Roosevelt Cabled. | The British press reported that the Americans had sent a cable to Presi- dent Roosevelt suggesting that there| was urgent need for a definite pro- Douncement on this situation and ask- ing when the President considered such & pronouncement timely. At _American headquarters it was (Continued on Page 3, Column 2.) g e ' PRESS MATTERN HUNT Boviet Sailors Believe He Came Down Southwest of Khabaroysk. KHABAROVSK, Siberia, June 29 () —Soviet guards and sailors con- tinued to search for Jimmie Mattern north of here today, but the belief grew the American aviator had been forced down southwest of Khabarovsk, whence he took off for Alaska June 15. | Aviation experts believe the Texan had not reached the Aleutian Islands and that he could not have crashed near Okhotsk Sea, because the visibility was good when he left here to continue | his projected world flight. He carried a rifie, ammunition and fishing tackle,. so if he were forced down on a remote island safely he could easily survive for a long time, they #aid. TWO HELD AS PIRATES Death Penalty Possible in Theft of Norfolk Boat. NORFOLK, Va. June 29 () —Two men who gave their names as Robert Stonewall of Norfolk, and Robert Brice of San Francisco, were lodged in jail early today in connection with theft of the cabin cruiser Geneva, owned by W. R. Shackelford of Newport News. The vessel was seized by the crew of the Oregon Inlet coast guard sta- tion yesterday. Capt. W. J. Whegler, commandant of the Norfolk division, said the man had been arrested under the old pirate law, which makes a death penalty possible in event of con- ‘viction. branches dropped off and followed his | body downwerd. Then he landed be- side a roadway below.” Morningstar jumped into his cab, he went on, and drove down under the bridge. Meanwhile, another passerby, who also had_witnessed the leap, had | telephoned police. A cursory examination of the body disclosed no marks of identification, and it was taken to the morgue, pend- ing further examination. Morningstar and other witnesses said the man was well dressed, but wore no hat. s NEWSP-A;ERS WIN BAN AGAINST RADIO STATION | New Orleans Injunction Granted to Stop Unauthorized Use of Press Reports. By the Assoclated Press. NEW ORLEANS, June 29 —Sustain- | ing a suit filed by the daily newspapers | of New Orleans, Judge Walter L.| Gleason of Civil District Court today | ordered issuance of an injunction to| prevent radio station WDSU from | broadcasting news taken from the col- | umns of the newspapers here. The ruling in favor of the newspapers | was announced in brief form with the | notation that a written opinion was in | process of preparation. | The injunction authorized would pre- | vemt the radio station from using any news from the papers for broadcast | purposes for 24 hours following first | publication, the court holding that the | papers were entitled to “full protection of their news for a 24-hour period.” | FIGHT BROAIZ.)CASf BRIEF Husing and McNamee to Sum- marize Sharkey Bout. NEW YORK, June 29.—Tonight's broadcasting of the Sharkey-Carnera fight will be confined to a brief sum-‘ mary at its close, Ted Husing to give it | for C. B. S. and Graham McNamee for | N. B.C. Earth Shocks Recorded. NEW YORK, June 29 ().—The| Fordham University seismograph today | registered two distinct earth shocks, the first at 7:44 am., and the second several minutes later. Officials said the distance was approximately 4,000 miles. PROTESTANT BISHOPS OBJECT TO *MUTUAL CONSENT” DIVORCE Suggestion of Indiana Professor Held Menace to Religious | Significance of Marriage. By the Associated Press. CHICAGO, June 29.—Bishops of two Protestant churches arose in unison to- day to voice objections to a plan of “mutual consent” for divorce proposed by Prof. Charles R. Metzger of Indiana University before the Association for the Advancement of Science “This is the year of the century of progress,” said Bishop George Craig Stewart of the Episcopal Church, “and surely we are not going to revert to primitive customs upon the threats of | those who have no religion. “Marriage should be looked upon as a permanent state, rather than a mere convenience,” said Bishop E. L. Waldorf of the Meth- odist Episcopal Church. Both prelates were emphatic in their complete denunciation of Prof. Metz- ger'’s idea that divorce upon a plea of mutual consent—with a six months’ in- terim before granting of the decree— | afte: would end perjury and subterfuge in €ivorce courts and make for happier lives afterward. | “Under such a plan said Bishop Stewart, “marriage would degenerate into an agreement between two parties to keep house together. The funda- mental idea that when two persons are bound in wedlock they become one, would be destroyed.” He said that from one point of view—the sociological—that divorce by mutual consent had its points, but said the religious significance in marriage was deeper than the social. “It would make for a grotesque life,” he said. ‘As for Bishop Waldorf, he said he favored strengthening rather than weakening divorce laws despite Prof. Metzzer's assertion that divorces were | mounting in the face of more stringent other sources. laws to preserve marriage. “The time to do the serious think-| Ing,” Bishop Waldorf said, “is before | the marriage ceremony, rather than rward. “Only where conditions prove to be absolutely intolerable should divorces be considered at all” c 5 toward a general agreement at the long-drawn-out Geneva Conference. The President made it clear, how- ever, that American offers for consulta- tion' when peace is threatened are based entirely on a disarmed Europe. Davis said Mr. Roosevelt's plea for peace and his offer for a non-aggres- sion pact had made a “tremendous effect over there.” Ei'“er Peace or Chaos. “Europe had made up its mind,” he said, “that it is to be either peace or chaos. This is the greatest prog-| ress Public opinion is developing for disarmament. The people are still a little nervous and we must have a little time to settle some of the political problems.” The future rested to a great extent, he said, on stabilization of the Ger- man government. In regard to the American stand that a consultative pact must carry with it a disarmed Europe, Davis said that France now sought the formula- tion of treaties among European na- tions for mutual assistance to con- tinental European countries alone. This move came, he said, after France had reached the understanding that neither the United States nor Great Britain could assume any guaranty of conti- nental security. Explains United States Proposal The American offer to consult was explained by Davis thus: “Our proposal is simply this: If you| nations can agree on disarmament and | actually carry it out, then if any trou- ble arises we are ready to sit down and talk it over with you in an effort to preserve peace. There is another very remote contingency. That is, if, after all, some nation still runs amuck and we agree that she is guilty, then we say that we shall not aid and dustry is “unfair,” and the 40 hours a | week stipulated as a maximum ‘is a mite too high.” Today's hearing at the Department of Commerce was attended by fewer than on the previous two days, but still by many representatives of industry and labor to be affected by the new law. Winant Sends Spokesman. John L. Barry, representing the New Hampshire Federation of Labor, said he appeared at the request of Gov. John G. Winant to represent the State’s workers in textile mills. He contended the 40-hour work week :i'lould not greatly restore employment ere. Barry did not recommend a figure for | the minimum wage, which the code would fix at & dollar a week less in the South than m the North, but said a study of living costs in his State showed $11 weekly unfair. “What evidence have you the $11 is too low?” Allen asked. “‘Unfortunately, we have no minimum rate commission in our State and the best_evidence we can present is that the Massachusetts Minimum Rate Com- mission in 1932 set the minimum scale at $12.50,” Barry said. Allen asked Barry to supply him with figures giving up-to-the-minute facts about the labor, wage and living cost conditions in his State and Barry said | reau. | Since March, the indices, considered | | the most sensitive of all business ba- | | rometers, have risen from 59.6 to 65.1. | While a rally was noted during April, the sensitive indices really did not begin to climb until May, leaping on an aver- | age of 2 per cent weekly. For the same period last year the indices were re- | ported at 64. During the period from March 4 to | today, cotton has jumped from 6.15 to 10.20 cents; hides from 4 to 12!. cents: wheat, Kansas City No. 2, 48% to 91 cents: silk, $1.1715 to $2.2712, and wool, 43 to 79 cents. The Moody index of 15 raw mate- | rial stabilizers has jumped from March | 4 from 819 to 127.4. These stabilizers | are wheat, cotton, hogs, corn rubber, sugar, wool, copper, hides, corn, rubber, silk, coffee, lead, silver and cocoa. | Economists attribute the rise to a| series of factors, tne outstanding in- fluence being considered the recovery activities of the Roosevelt, administra-| tion. In this connection, special em- phasis is placed by them oft the effect the industrial recovery act will have on increasing wages and reducing work- ing hours in application to higher unit cost of commodities. The experts also stressed today that | the boost in the indices was due to/ increased buying on the part of mer-| chants to restock their depleted shelves | in_anticipation of even higher prices. Threatened inflation is another ele- ment which economists believe is hav-| he would comply immediately. Witnesses were kept strictly to the issues by Allen and Chief Administrator Hugh 8. Johnson. abet that guilty nation. It is all negative.” While the President and his Ambas- sador had their talk the destroyer Ber- nadou, which brought Mr. Davis here (Continued on Page 3, Column 6.) ROSCOE ARBUCKLE DIES IN NEW YORK Heart Attack Follows Celebration of Film Comedian’s First Wedding Annjversary. By the Associated Press. NEW YORK, June 29.—Roscoe Arbuckle, bulky comedian of the films, died early today of a heart attack that followed a celebration of his first wed- ding anniversary. He was 45 years old. The actor, who had been attempting a “comeback” from the blight that fell on his career as the result of the mys- terious death of an actress during a gay party in 1921, died in his sleep in a midtown hotel. His third wife, the former Addie Mc- Phall, screen actress, discovered his death. After summoning the house physician she became hysterical from grief. Physicians said Arbuckle died of angina pectoris. Arbuckle completed a , “Tama- lio,” yesterday. It was one of six he had recently done for Warner Bros. After dinner he went with his wife to a party given in honor of their anni- versary. Arbuckle became known to millions in the palmy days of pie-tossing come- dy. The scandal cut short his career as a movie headliner. After his ac- quittal it was reported his comedies would again circulate, but there were protests from church organizations and He remained ‘in ,ob- scurity 10 years. After entering vaudeville in 1913 and making a success of it, he spent four years playing for Sennett, and during that period he acted with Mabel Nor- mand, Chester Conklin, Charles Chap- lin, Ford Sterling and others well An attempt by B. E. Gordon of Bos- ton, representing the Massachusetts knitting mills, to submit a plan for a surplus distributing corporation for the cotton industry was halted by Allen's (Continued on Page 2, Column 5) — RAIN TODAY TO BRING RELIEF FROM HEAT But Present High Temperatures Due to Continue, Says Weather Bureau. ‘Thundershowers are promised for late' today, tonight and tomorrow, to bring temporary relief from the high temperatures which, Weather Bureau officials said, are due to continue. ‘Three persons were stricken yesterday, when the mercury reached 86 degrees and humidity was high. Today’s maxim probably will be around 90 degrees,’ unless an afternoon storm breaks before that maximum is reached, it was forecast, with humid- ity remaining almost as high through- out the day as yesterday. At 10 am. the thergiometer registered 82, 3 de- grees r than 10 am. yesterday, although a breeze from the south brought some coolness. prostrations included Percy Hall, 50, Arlington County, Va.; Edna Thompson, 20, 2700 block Thir- teenth . street, and Irene Hagar, 27, colored, employed at a laundry in 6800 block Blair road. Traditions of‘ Public Life Which should be Which should be M:rs. Franklin will discuss these questions in an interesting article in the Society Section of The Sunday Sta; signed by the | partner so that responsibility for state- ing influence on rising wholesale prices. | WILL BAR CUSTOMERS’ MEN FROM TRADING Stock Exchange Also Forbids Speculative Dealings by Secur- ity Salesmen. By the Associated Press. NEW YORK, June 29.—The New York Stock Exchange today announced a change in its rules designed to pre- vent customers’ men employed by mem- ber firms from having any speculative dealings in securities. Hereafter no member firm will be per- mitted to accept a speculative account from a customer’s man employed by it or any other exchange firm. This ban also applies to security salesmen and branch office managers. The intent of the ruling, it was said, was to place customers’ men beyond any temptation to give advice to their clients which would be influenced by their own positions in the market. The exchange authorities also ruled that market letters hereafter issued by member firms must be ed ments made can be overlooked? rigidly observed? . D. Roosevelt July 2 By the Associated Press. Air mail operators were notified #o- day that service rates would be re- duced 25 per cent on July 1, pending determination of new rates and route readjustments. Postage rates for air | mail remain the same. To date, the Post Office Department announced, there has been no curtail- ment in mileage of air mail routes. The order was necessitated by the reduced appropriation for the service, a cut from $19,000,000 to $15,000,000. Operators were requested to submit not later than July 9 their suggestions for the order of preference in which the curtailment on the routes be made. Representatives of the carriers are ex- pected to meet with postal officials here shortly after July 9 to discuss means of in utilization of the air- mail. The “service rates” are the payments by the Government pound on mail carried by the individual lines holding mail contracts. While the lines hold contracts, the Postmaster General has arbitrary power to reduce the rates at any time. Reposing in him also is the power to abolish an air mail route upon 60 days’ notice. The details of the cut are to be worked out at the forthcoming confer- ence here. At that conference, the in- dividual operators and the Post Office Department officlals © will decide, whether the savings are to be accom- plished by rate cutting or by reducing mileage. ARMY OFFICERS HELD Four Are Accused of Plot Against Hitler’s Authority. BERLIN, June 29 (#).—A conspiracy against Chancellor Adolf Hitler's au- thority was revealed today by the ar- rest of four former army captains, all of whom were in the Nazi economic section. A Hitlerite communique said they were excluded from the party and taken to a concentration camp, on the | chancellor's orders, for attempting to interfere with Hitler's decisions in eco- nomic matters by “trying to influence chambers of commerce and business Capts. Von Warwits, Wolf and Zucker. s i e S CHAIN STORE TAX VETOED Michigan Governor Fears Law Would Imperil Sales Levy. LANSING, Mich, June 29 (®.—A graduated chain store tax bill, provid- ing for fees from $10 to $250, was ve- lo!dkwd-l! by Gov. William A. Com- stock. N ‘The Governor said he feared the tax would imperil the general 3 per cent retail sales levy, which goes into effect Saturday. He also termed the tax “viclous and confiscatory.” A bill reducing the legal interest rate on small loans from 31 to 13 per e ave an - tunity to override vetoes when uxpor_ convenes for final adjournment next month. l GUIDE FOR READERS I 000,000 cut in the department’s funds for the next year, which will total $29,000,000. Heavy slashes previously have been announced in two important branches mestic Commerce and Bureau of Stand- ards, and another move directed against the former 1is contemplated by Secretary Roper, who has announced that he will ask that 250 employes covered in under civil service by President Hoover be stripped of this protection by President Roosevelt. Trade Attaches Due. At the department today, it was sald that a number of the foreign trade at- taches recalled from their posts, are expected here tomorrow, when they "propau to see Roper about retaining | their jobs. Of the 100 in this class | recalled, 70 were due to arrive in New York today. Plans for the future of the 18 com- modity divisions of the bureau are be- ing held up pending decision by Gen. Hugh S. Johnson, Federal control ad- ministrator, as to whether he would in- clude the use of their facilities in the recovery program Secretary Roper also is withholding the program to be fol- {lowed with regard to the 14 technical divisions of the bureau. up, only the Department of Justice, of | the 10 executive departments, remains | to make at least tentative plans for| the new fiscal year. In few instances, | however, is there anything definite, and | the consensus is that the Government establishments will not be set for the forthcoming period much before the first PIY day of the new year the mid- dle of next month. Pay Cut Likely to Remain. Meanwhile today it was recalled that the 15 per cent pay cut expires tomor- row night, but there was no expectation that the President would do otherwise than continue it by executive order when he returns, although the cut, made effective April 1, was governed by price levels at that time, and some rises have been reported since. (Continued on Page 2, Column 8.) WALES BEAT LADY ASTOR IN PARLIAMENT GOLF Prince Overcomes Handicap to Decide Victory, 2 and 1, and Go Into Finals. By the Assoclated Press. WALTON HEATH, SURREY, land, June 29.—Overcoming the handi- cap of conceding seven strokes to his feminine rival, the Prince of Wales today defeated Lady Astor, American- born member of the House of Com- mons, 2 and 1, to gain the final round of the annual parliamentary golf tournament. Lady Astor hole, as the Prince found the handi- cap of seven strokes a serious obstacle. of the department—Foreign and Do- | With the Commerce plan shaping| The indication that employes in | | 'Kahn testified the stock was sold Seven-Stroke | was 1 up at the sixth| jend of 1930 as well as other years. He admitted this after saying secur- ities he sold in December, 1930, were reacquired from his daughter three | months later, though the exchange was | dated the following day. Deducted $117,000 Loss. He said he could not remember how often he had sold stock at the end of a year or whether he bought the stock back each time. Kahn said the stocks sold in Decem- ber, 1930, caused him a loss of $117,000, which he deducted in making out his income tax return. Government agents contended the stock was bought back in less than 30 days and therefore was not deductable. In a prepared statement, Kahn said he obtained similar stock from his daughter, Maud E. Marriott, in March, 1931, but the exchange was dated De- cember 31, 1930, on the advice of at- torneys. The weary Senators plan a quick wind-up of the current inquiry into Kuhn, Loeb & Co. Hoping to com- plete the present hearings by tomor- row right, the committee announced the current inquiry would be confined to the income tax evidence and one or two large Kuhn, Loeb financial opera- tions. Decision to resume the investigation in the Fall, beginning with J. P. Morgan & Co., with the date fixed tentatively for October 3, quieted fears of some that the inquiry was to be choked off, | or hurried through. Delaywas sought by committee mem- bers who want Ferdinand Pecora, com- mittee counsel, to have adequate time in which to prepare his cases. Sold Stock to Daughter. As Kahn took the stand today Pecora asked if he had been able to refresh his memory about the stock sales he was_questioned about yesterday. The banker said he had sold the block of more than 3,000 shares of stock {in various companies, on December 30, 1930. directly to his daughter. He then asked permission to read from a memorandum prepared by his counsel overnight. [ | _With the committee's permission, he | (Continued on Page 2, Column 1.) GERMAN LE.ADER HELD BERLIN, June 29 (#).—Former Chan- cellor Gustaf Adolf Bauer, a Socialist, was arrested today and charged with corruption. He allegedly enriched him- self to the extent of 750,000 marks ($222,000) at the expense of taxpayers. Dr. Bauer, 63, headed the ministry | formed to accept the peace treaty of | Versailles. He served in the post-war Mueller and Wirth cabinets as finance minister, commerce minister and vice chancellor. Before the war he was | president of the General Committee of Trade Unions in Germany. 32 FOREIGN COMMERCE AGENTS AND FAMILIES LAND IN NEW YORK Officials Barely Caught Liner Washington After Being Ordered Out of Service and Home. By the Assoclated Press. NEW YORK, June 29.—Summoned home from their posts in foreign capi- tals as an economy measure, 32 officials of the Department of Commerce for- eign service arrived with their families on the United States liner Washington today. ‘The rush back to this country started cial attaches and their assistants re- ceived notice from Washington on June 14 that their resignations would be ef- fective on July 1. ck their be- hflm‘ and w&h‘: shi it ‘ashington af Hamburg on June 21 or at Havre and Southampton on June 22. Some said they barely made the boat. All declined to discuss the order or offer criticism, gflm . &5 one f the said, to “take it on the » suavk”