Evening Star Newspaper, June 30, 1933, Page 1

“From Press to Home Within an Hour” WEATHER. sannt (U. 8. Weather Bureau Forecast.) Local thundershowers tonight; tomor- row generally fair; not much change in temperature; moderate southwest winds. Temperatures—Highest, 92, at 3 p.m. 'The Star’s Carrier system covers every city block and the regular edition is delivered to city and suburban homes yesterdsy; lowest, 74, at 6 a.m. today. Full report on page N.Y. Markets, Pages 13,14&15 Entered as second class matter post office, Washington, 3 as fast as the papers are printed. Yesterday’s Circulation, 115,277 WITH SUNDAY MORNING EDITION Star. FRIDAY, JUNE 30, 1933—FORTY-SI) ch ¢ Fheninng No. 32,567. WASHINGTON, D. C, PAGES.” %% P) Means Associated Pres TWO CENTS. ROOSEVELT PUTS MONEY [KUIN, LOFB ASSETS STABILIZATION OUTSIDE REALM OF CONFE Leaves Question of Dollar to Bankers. LEADERS MEET IN NEW YORK President Replies toj Reports From London, By the Associated Press CAMPOBELLO, ISLAND, New Brunswick, June 30.—President Roosevelt regards the question of temporary stabilization of cur- rency as a banking rather than a governmental problem and therefore outside the immediate realm of the troubled economic conference. The Chief Executive made this view known here today after being advised of London dis-| patches quoting “high British quarters” as saying they under- stood that Mr. Roosevelt had re- plied favorably to a plea to pre- vent erratic dollar fluctuations. Will Leave Tomorrow. The President was planning his de- parture frcm here on board the cruiser Indianapolis for tomorrow afternoon, in keeping with his original schedule, but, like a true sailor, he says, “God permit- ting.” It all depends on the weather and if | there is a fog he won't hesitate to re- mzm over at this retreat for the week | end. AMERICAN STAND UNCHANGED. | Problem of Stabilization eBing Studied | at Woodin’s Home. | By the Associated Press | Administration officials are making a thorough study of currency develop- | ments at London, but it was said today in official quarters that thus far—from the American point of view—there has been no change in the situation. | Whether the study might lead to a change in the attitude of President Roocsevelt that stabilization of the dol- | lar at this time is undesirable was a subject on which officials declined to comment. Confer in New York. Acting Secretary Phillips’ desk at the State Department is serving as a clear- ing house for communications between the Delegates at London and adminis- tration officials. | Messages received from London are | dispatched to President Roosevelt, to| the Treasury Department and to Sec- retary of the Treasury Woodin, who is convalescing in New York. Advices to | the delegates follow the same channel. | Mr. Phillips said he understood that | a conference on the stabilization ques- | tion was in progress today at Mr. Wood- | in's home in New York. Ambassador Calls. Meanwhile, the French Ambassador, | Andre de Laboulaye, talked with Phil-| lips at the State Department today con- cerning the stabilization problem, which has created so much uneasiness in| France. ‘The Ambassador told newspaper men he brought no proposal of any sort, but merely called to get information con- cerning the possibility of a compromise (Continued on Page 2, Column 5.) INHERITS $152, H. C. Morris of Capital Is Named Beneficiary Under Aunt's Will. | Special Dispatch to The Star. | NEW YORK, June 30.—Henry C.| Morris of the Shoreham Hotel, Wash-| ington, D. C., receives approximately $152,000 as his share of the estate of | his late aunt, Mrs. Electa Matilda/| Ziegler, according to an appraisal of the| estate filed in the State transfer tax department office here today. 1 The residuary estate was valued at| approximately $930,486. The estate showed a net value of $950,486. Specific bequests totaled only $20,000. Mrs., Ziegler, the widow of William Ziegler, founder of the Royal Baking Powder Co., died September 1, 1932. | Rosevelt Stays In Camp While Ship Stands By Back From Inspection Trip Aboard the Indianapolis. { The Navy was informed late to- day that President Roosevelt still is at his camp at Campobello, Me. The cruiser Indianapolis is an- chored off Campobello awaiting the Chief Executive’s command. Earlier, the Navy received a radio message the presidential party was aboard the Indianapolis. Later re- ports explained, however, that Mr, Roosevelt went aboard for an in- spection trip, after which he returned to_shore. The Indianapolis is at Campobello under orders issued weeks ago to meet the President there and re- turn him to the Capital if he de- | sired. BANKS DRAFT PLAN TOEND GOLD CRISIS Approval of Rooseveit Is Awaited to Curb Speculation. | By Cable to The Star. LONDON, England, June 30.—An agreement by the central banks, J.n‘; | cluding the Federal Reserve Bank of | New York, to curb speculative fluctu- | ations on the exchanges and an agree- | ment by the gold countries to stay on the gold standard—these are the latest form the search is taking for| a formula to save the conference. It is believed that James P. War- burg, economic adviser, acting for the United States, sat in one room while the | gold bloc deliberated in the other,| with the British acting as go-between. | The new double formula, reached after repeated failures, is believed to | be supported by ‘Prof. Moley, War- burg and Dr. Sprague. Roosevelt’s approval, it is said, wil be asked before its publication is made. | Britain in Between. Tension, crisis, deadlock, climax are | the words everyone is using today to describe the plight of this unhappy conference. The United States refuses to stabilize | the dollar. France, Italy, Holland, Switzerland and Belgium refuse to join in any other resolutions or agreements reached here unless something is done about stabilization. Great Britain, pulled strongly from both sides, refuses to tie itself finally either to the gold bloc or to the dollar. ‘What is being sought is a formula which will soive these conflicting ele- ments. The task obviously is difficult. Private meetings abound. The bankers " (Continued on Page 5, Column AMERICAN PROPERTIES | ARE BOMBED IN CUBA | Authorities Believe Blasts Were | Protest Against Effort to Reconcile Politicians. By the Associated Press. HAVANA, June 30.—Two bombings of American properties occurred early today, apparently in protest, authorities | indicated, against efforts of American Ambassadcr Welles to settle Cuba’s po- litical differences. | Two bombs exploded almost simul- taneously inside and outside the Ni tional Cash Register Co. agency. Win- dows were broken, but no one was hurt. An American grocery was damaged by an explosicn about an hour later. Authorities believed a small faction, expressing dissatisfaction with the plans for mediation, was involved. Shakespeare Folio Brings $61,900. LONDON, June 30 (#).—Dr. A. S. W. Rosenbach of Philadelphia paid a rec- ord price of £14,500 (currently $61,900) today for a first folio of Shakespeare at Lord Roseberry’s library sale at Sothe- by’s aucticn room. “POLITICAL VICT IMS,” DISMISSED COMMERCIAL ATTACHES CHARGE| Thirty Arriving Here From Foreign Posts Declare U. S. Has Been Cheap: Asserting their opinion that they hndl been political victims, 30 of the 31 com- | mercial attaches, trade commissioners and assistants of the Commerce De- partment’s European trade promotion service came here today to have it out with officials who were responsible in dismissing them from their posts with a week’s notice- Frankly, they said, they did not be- lieve economy entered into the matter, but that their vacated jobs would be| filled in due course of time by “deserv- ing Democrats.” They cited the fact that Henry M. Bankhead of Alabama and J. T. Scott of Georgia already have been appointed to European posts. Bankhead is a brother of Represent- ative Bankhead of Alabama. Com- merce Department officials, however, in ennouncing Bankhead’s appointment, | stressed that politics did not enter into his selection, but that the appointment ‘was made purely on “business merit.” The chief complaint of the men was that they had but one week’s notice to assemble and sail from Havre to this country. Many said they had to break house leases at their own expense. They explained that the European laws specify that the tenants must give from 80 to 60 days’ motice. Some said they had to borrow money ened by Action. Havre in time to catch the liner Wash- | ington. Others charged that in order to move quickly they had to dispose of | their furniture either by giving it away or_selling it at heavy loss. Bright and early this morning the attaches began arriving at the Com- merce Department Building to inter- view officials. At noon, none said he had gained entrance to the offices of Secretary of Commerce Roper or As- sistant Director Amory of the Bureau of Foreign and Domestic Commerce, who is said to have aided in the econ- omy survey that resulted in these men returning home. “The so-called economy move that has brought us home has cheapened the United States Government in the eyes of European nations,” one out- standing attache declared. “The outstanding thing is that tne | move has placed members of the Amer- ican consulate service and other emis- | saries abroad in a peculiar position be- cause Europeans now realize that they | are taking matters up with men who probably will be recalled within 24 hours’ notice.” Throughout the day, the attaches went from one office to another in the bureau, making an effort, they said, to “find out what it is all about.” “The Government saved a million dollars by herding us at Havre so that | Moley and Prime Minister Ram- ! gold President | P! RENCE British Report End of Crisis Is Near. PRICE CHANGES NOW PROBLEM Gold Bloc Insist on Promise Later to Stabilize. By the Associated Press. LONDON, June 30.—The dead- lock over currency stabilization remained unbroken tonight after a series of conferences attended by leaders of the World Economic Conference. The next move was said to be up to the United States Government, “We are still waiting on Wash- ington,” said Finance Minister Georges Bonnet of France after a meeting attended by leaders of the gold bloc, American Assistant Secretary of State Raymond say MacDonald and Chancellor of the Exchequer Neville Cham- | berlain of Great Britain, at No. 10 Downing street. Accepted in Principle. Before the meeting high British quar- | ters had said they definitely under- stood President Roosevelt had replied favorably to a plea to prevent erratic dollar fluctuations. According to the | British, the reply amounted to substan- tial approval in principle if not full ac- ceptance. After the meeting it was understood from an authoritative source that a new bloc proposal, under which | America and Britain would join in stopping currency speculation and would aid in preventing violent fluctua- tions of the dollar, had been submitted to Mr. Roosevelt. His answer was ex- pected tonight. ‘The original gold bloc proposal, which was forwarded to the President by Mr. Moley last night, contained not only a rovision ahout speculation but also called for a declaration that the signa- tories pledged themselves to ultimate stabilization. It was understood that Mr. Roosevelt was willing to accept the proposals for smiphu speculation, but he called Mr. Moley that there must be no specific | mention of “stabilization.” | The President is said to have stated | tirat the proposal must be confined to | a fight against speculation. Gold Bloc Says No. Mr. Roosevelt's reply was regarded in high British quarters as favorable. The | | 974.845 and deposits of $29.118918. CUT ALMOST HALF DURING PAST YEAR Balance Sheet Given Senate Probers Shows Huge Drop in Figure. PROFIT NEARLY $6,000,000 IN PENNROAD FINANCING Sharp §hrinkuge in Cash of Firm During 1932 Also Revealed in Statement. By the Associated Press A balance sheet of Kuhn, Loeb & Co. for 1932, placed before Senate investiga- tors today, showed total assets had dropped during the year from $67,000,- 000 to $34,000,000. Just previously Otto H. Kahn, the senior partner, said Kuhn, Loeb made a profit of nearly $6,000,000 in financing Pennroad Corporation, the $140,000,000 holding company organized by the | Pennsylvania Rallroad. Questioned closely by Ferdinand Pe- | cora, counsel for the Senate Banking Committee, Kahn agreed his firm re- ceived total compensation of $5.472,245 in organizing the corporation and an- other $400,000 from sharing in the pur- lchm of other companies by the Penn- | road. WE'RE ALL HOPING THI FOG WILL SOON LIFT! fi\\‘\‘?'w“ i Iy iy | 13 ’Distinguis.hetrl .5 G‘eologists Retired Under Retrenchment Deposits Also Smaller. The balance sheet as of December 31, 1932, showed total assets of $34,266,405 and dcposits of $15,210.248. A previous balance sheet, as of the end of 1931 had shown assets of $66,- | | A sharp shrinkage in cash also was shown during 1932, from $16,295,242 to $3.600,996. Pecora sald investors in the Pennroad Corporation had lost more than $100,- 000.000. | Kahn agreed that would be true if all the stock sold was held to the present day, when it is selling around 3!, and 4. Question Two More. ‘The committee also expected to ques- tion Frank E. Taplin and H. H. Lee be- | fore recessing until Fall. Taplin could not appear today. however, as he noti- | fied the committce he had received the subpoena too late. The committee will meet Wednesday to hear him. | Lee is president of the corporation. | The committee was told yesterday that | $38,000.000 was paid by the corporation | for stock in the Pittsburgh & West Vir- ginia at higher than market prices through Taplin. Taplin is a Cleveland capitalist and :lmo.mcfl' of the Pittsburgh & West Vir- Questioned on Pennroad Corporation. | Pecora began today's hearing by questioning Kahn about formation of | the Pennroad Corporation. Pecora put in the record the agree- | ments under which the Pennroad Cor- | poration sold 5,800,000 shares, most of it going to Pennsylvania Railroad stock- holders at $15 a share. | Kuhn, Loeb & Co. purchased 217,000 | at the same price and under a nepamu‘v agreement was given options for four | gold bloc, however, would not accept. At a meeting at the American em- bassy among the interested parties, in- | cluding Mr. Moley, the phraseology of | the gold bloc proposal was debated. A new draft finally was drawn up, it was said, and Mr. Moley forwarded it to the President. What changes were made in the original draft was not known. In a well informed quarter close to Mr. Moley it was said that the Assistant Secretary of State was expecting a fav- orable reply from Mr. Roosevelt. Earlier the American delegates and Mr. Moley gathered at the American (Continued on Page 2, Column 7.) MARRIED WORKERS' | DISMISSAL UPHELD Justice Proctor Rules Government, Officials Have Right to En- force Economy Act. ‘The right of the heads of Govern- ment departments to enforce the mar- ried persons clause of the economy act was upheld today by Justice James M. Proctor of the District Supreme Court. ‘The ruling of the court was handed down in the case of Mrs. Pearl G. Stansbury, a married employe in the Government Printing Office, who was threatened with the loss of her position because her husband is also in the Government service. Mrs. Stansbury had appealed to the court for an order restraining the public printer from dis- missing her as an economy move. Justice Proctor held that Congress, if it saw fit, had authority to eliminate entirely the civil service laws, and that therefore. also had authority to modify them. The Government was repre- sented by Assistant United States At- torney John Fihelly. Mrs. Stansbury has been employed at the Government Printing Office for 14 years and would be eligible for re- tirement next year. Her husband is employed at the Naval Air Station. ENDS PUBLICATION Memphis Evening Appeal to Con- solidate With Commercial. MEMPHIS, Tenn., June 30 (#).—The Memphis Evening Appeal will be pub- lished for the last time today and con- solidated with the Commercial Appeal, James Hammond, jr., publisher, an- nounced early in the day. ‘The Memphis Press Scimitar, evening Scripps-Howard newspaper at Memphis, has applied for membership in the As- sociated Press in the evening fleld and is publishing the report. The Commer- cial Appeal will continue to publish the Associated Press in the morning fleld. l GUIDE FOR READERS | Amusements Comics Features ... Finance Radio . Serial Fiction . from residen‘s in the cities in which their offices were located to get W ! N it could save money on our passage I _(ccnunuedonrqu.c?mmnu Society Sports “. blocks of 125,000 each at $16, $17, $18 | and $19 a share, respectively. | “That was our compensation for | work done and advice given,” Kahn said, regarding the purchase of the latter. In organizing the Pennroad Corpo- ration, Kahn said his firm advised that it be undertaken “without any fixed charge” or issuance of preferred stock, and that it offer nothing but equity or common stock, as the “result depended entirely on the future.” | Advice Was Sound. Kahn testified the advice “turned out to be sound” and the ‘“best we ever gave.” He added that to have underwritten (Continued on Page 5, Column 1.) BRITAIN AND RUSSIAN TRADE PACT UNSETTLED Sir John Simon and Maxim Lit-| vinoff Fail in Agreement at Third Conference. By the Associated Press. | LONDON, June 30.—A third meeting between Maxim Litvinoff, Soviet com- | missar for foreign affairs, and Foreign Secretary Sir John Simon failed today to produce a preparatory agreement for settling the trade confiict between Rus- sia_and Britain. The two men met at the foreign of- fice. A communique stated that, while | progress was being made, the matter | was not yet complete and another meet- ing was expected at an early date. Embargoes against each cther's goods were laid down by the two nations three months ago as a result of the controversy growing out of the convic- tion in Moscow of British engineers tried for espionage and sabotage. CLAIRE WINDSOR SUED LOS ANGELES, June 30 (P).— Brought to the Los Angeles Superior Court from San Francisco on a change of venue, a suit for $100,000, alleging alienation of affections, was filed against Claire Windsor, motion picture actress, by Marion V. Read, who as- serts Miss Windsor stole the love of her husband, Aifred C. Read, jr., for- merly of Oakland. With Mrs. Read’s petition was an answer filed by the film actress denying all the allegations. Dr. David White, Vice President of National Acad- emy, Included in Geological Survey Program. Cuts Made to Prevent Hardships. Retirement of some of the most dis- tinguished American geologists. includ- ing one member of the National Academy of Sciences, was announced today by the Geological Survey, in order to come within the limits of its reduced appropriations. In addition it was necessary to separate from the service some of the younger members of the staff to meet the appropriation cut of approximately 25 per cent. About 80 per cent of the entire appropriation goes for salaries. In this way. it was explained by Dr. C. Mendenhall, director of the BEING CONIDERED Propose New Veterans’ Bureau Head. Administration leaders were known today te be casting about for a new administrator of veterans' affairs to succeed Gen. Frank T. Hines, who has been in office since the Harding regime. In political circles it was said that| POWers contained in the industrial re-| | Postmaster General Farley and his COVEry act relating to the handling of | aides were holding daily conferences with subordinate officials of the vfl_\stufls except those provisions relating | erans’ Administration and with veteran organization officers to determine who | would get the appointment. Names Considered. The names of three men were ad- vanced today as being outstanding in. both the organization headed by Hugh | the eyes of the administration for the S, Johnson, the industrial administra- | office. They are: Col. J. Monroe Johnson of South Carolina, one of the ranking leaders of the American Legion and one of the outstanding civilian soldiers in the World War. He was attached to the Rainbow Division. James O'Connor Roberts, solicitor of the Veterans’ Administration, who was selected by Budget Director Douglas to economy _act. Col. Watson Miller, another out- standing Legionnaire and for the last of that organization. Friends of Col. Miller said today, | r, that s (Continued on Page 2, Column 3.) BINGHAM NOT ILL —— Report of Serious Sickness of Envoy | to England Denied. LONDON, June 30 (®—A l§e'pm't published in London today that United States Ambassador Bingham was dan- gerously ill drew an emphatic denial from the embassy. Bingham, it was stated, is recovering from a latent infection which tends to send his temperature up when he exerts himself. An official in the embassy said “Mr. Bingham ' is not seriously ill, but we want to keep him quiet, because when he moves about too much his tempera- ture rises.” The official added that the Ambas- sador is quite able to' carry on his Traditions of Public Life Whichghould be Which should be Mrs. Franklin will discuss these question overlooked? rigidly observed? D. Roosevelt s in an interesting article in the Society Section of The Sunday Star July 2 however, that he was | Geological Survey, it was possible to keep almost intact the large group who are in the midst of their active careers as geologists, and upon whom separa- tion from the service would have brought the greatest hardships. ‘The men retired today have made contributicns to economic geology which have added materially to the wealth of the Nation, and at the same time have conducted researches which are corner- stones in the present knowledge of the composition, structure and age of the earth. The personnel cf the Geological Sur- vey probably goes through a more in- tensive poriod of training than that of any other Government bureau and in (Continued on Page 2, Column 6.) HINES' SUCGESSOR WALLACE IS GIVEN *RECOVERY POWERS |Farley Declared Ready to‘President Delegates Author- ity Under Act to Agricul- ture Secretary. | | | | By the Associated Press. To clarify the relationship between the national recovery administration and the Farm Administration, Presi- dent Roosevelt today delegated to Sec- | retary of Agriculture Wallace all the | milk, tobacco and all foods and food- to hours of labor, rates of pay and other conditions of employment. The move—made in an executive | order—was intended to avoid difficulties | which have arisen through certain in- dustries handling foodstuffs applying to | tor, and George N. Peek, administrator | of the agricultural adjustment act. Will Facilitate Co-operation. In a joint statement, Johnson and Peek said the executive order would facilitate the closest co-operation be- tween the two administrations. | 'To_assure uniformity, the provisions of the recovery act relating to fair | draft the veterans' regulations in the | competition codes will be applicable to |all industries, including those covered | by the agricultural adjustment act. | “As to those trades referred to in the 110 years national rehabilitation officer ' executive order,”- the statement said, |“codes of fair competition will be " (Continued on Page 2, Column 2.) {ADML. HOUGH SUCCEEDS NULTON AT NAVY YARD | T Yates Stirling, Jr., Assumes Com- mand of Brooklyn Post, Re- linquished by Phelps. By the Associated Press. BOSTON, June 30.—Rear Admiral Louis M. Nulton, commandant of the Boston Navy Yard and commander of the 1st Naval District since June, 1930, retired today and was succeeded by Rear Admiral Henry Hughes Hough, who has commanded the United States fleet base at San Pedro, Cal NEW YORK, June 30 (#).—Rear Ad- miral Yates Stirling, jr., former com- mandant of the navy base at Pearl Harbor, Hawaiian Islands, today as- sumed command of the Brooklyn Navy Yard, succeeding Rear Admiral W. W. Phelps, retiring. The_new commandant, who arrived from Honolulu with. his family yester- day, in addition to being a naval officer with ished record, is also a writer of books for boys. He was born in Vallejo, Calif., but lived in Baltimore for 8 g in many years. was appointed to the United Sta Naval Academy in 1888 and served the Spamish-American and World Wars. — 98 TO BE FURLOUGHED Prohibition Agents Slated for Lay- off Tomorrow. CINCINNATI, Ohio, June 30 (#).— W. N. Woodruff, Emhlhlunn adminis- trator for Ohio, tucky, Tennessee and Michigan, announced today that 98 of the 235 employes of his administra- an ares would be ive COMPROMISE MADE ON TEXTILE WAGES 'ew Figure of Cotton Manu- facturers Not Officially Reported. By the Assoclated Press. An agreement among cotton manu- facturers on a comprcmise on a new minimum wage schedule to be offered labor in the cotton textile industry was reached todsy, after a four-hour con- | ference in a stuffy hotel room. ‘The new figure which the manufac- turers were to submit at once to Gen. Hugh Johnson, administrator of the na- | tional recovery act, was not formally disclosed, but it was reported reliably that it would be $12 for Southern mills and $13 in Northern mills. In the code originally submitted the $10 in the South and $11 in the North, labor ting this scale. A. Sloan, chairman of the Manufac- turers’ Committee, rushed through the hotel lobby saying he was “on the fly to meet Gen. Johnson.” The matter of working hours, to which labor also had entered ous protests, still remained to be de- ! cided, but the operators felt confident the 40-hour schedule as originally sug- | gested would not be altered. Seek 40-Hour Week. Also heard among the operators was a determination to stand by their plan against the 30 suggested by William | eration of Labor. | Intensely anxious that the first code be one acceptable to all parties, and not promulgated by the administration cver objections, Johnson and his deputy, W. L. Allen, offered their assistance in any negotiations between labor and employer outside the hearing room. On the one side cf the issue was the operators’ proposition—an $11 weekly minimum in the North, $10 in the South, and a 40-hour week. On the | other was various worker demands | which Green gathered into a call for a minimum wage of from $14 to $16 and | & 30-hour week. Northern textile manufacturers said they believed the code as submitted represented an agreement fair to both operators and labor. They were under- stood as willing to make some further allowances on minimum wages. But on the hoursof-labor question, prominent industrialists insisted just as emphatically that 40 hours “is the (Continued on Page 5, Column 5.) |NAMED TO SCHOOL BOARD | Two Members Appointed and One Reappointed. The District Supreme Court today appointed two new members of the Board of Education and reappointed a third member. They are: Mrs. Philip Sidney Smith, reap- pointed. » Henry I L Charles Houston. Armada Still on Ground. | _ORBETELLO, Italy, June 30 (#).— Gen. Italo Balbo, Italian air minister, who will lead a squadron of 25 seaplanes or a flight by stages to Chicago, said the armada will be unable to leave to- day Weather continued unfavorable in Central Europe. | | minimum wage provision called for | As the conference broke up George to limit hours of work to 40 a week| Green, president of the American Fed- | FEDERAL WORKERS SUFFERINECONOMY EFFORT FOR NATION Hundreds Enter Ranks of Jobless Today and Others Face Additional Pay Cuts. 3,000 EMPLOYES IN D. C. WILL BE DISMISSED Government Starts New Fiscal Year Tomorrow Under Billion-Dollar Cut in Funds. With the Government bending ef- forts toward creating work for the idle in the world of trade, and boosting the wages of those already on pay rolls, hundreds of its own employes scattered over the globe today enter the ranks of the jobless, and other hundreds, their income already cut 15 per cent, face additional reduction in compensation. ‘Tomorrow the Government starts the new fiscal year under a program that calls for a billion-dollar slash in normal expenditures—excluding, of course, the vast sums going into the new emergency activities—and the pinch is being felt | all along the line in the old-established agencies, with the whole range of per- sonnel, whether unskilled laborer or | eminent sclentist, affected in one way or another. In many cases, outright dismiscals are being resorted to; in others, definite furloughs,” which mean the same thing, are being applied. In ad- dition, there will be, almost universally, payless furloughs for some set period, which cut the wage of employes, but at the same time, save jobs of those who would otherwise have to go by making some funds available to pay them. Number to Go Undetermined. Any estimate of the total employes | to be cut off is more or less of a guess, for administrative officers themselves | have, in most cases, only a general idea | of what must be done. It has already been made clear that 30-year em- ployes, eligible for pension, and mar- | ried workers, whose husbands or wives already are in Government service, | will lose out wherever there is need. Once the saving that may be expected | 11 these quarters is determined offi- | cials will figure how to spread retrench- | ment elsewhere. In several quarters | the opinion has been expressed that the full effect of these reductions will not be evident before the middle of July, when the first pay roll for the month is fixed up, and some groups | are making their cuts ssively, with the intention of ha them completed at that time. 3,000 Separations in D. C. On the basis of partial estimates, and | with some few definite figures from the 10 executive departments and the principal independent establishments, there will be more than 3,000 separa- 4 pay roll by that time, and this does not take into account either In- terior or Agriculture Departments. At the former, where the depart- mental force is 3,000, it was said that there will be “several hundred” less jobs, it being the intention to fill no vacancies, make transfers where pos- sible and apply furloughs of varying de- Agriculture also must use every e method of retrenchment, it was gree. | possib said. Commerce, where the ax is most active, is cutting off 200 married work- ers and retiring 100 of the 30-year employes tonight. and 300 more of the (Continued on Page 2, Column 1.) 'TRADING IN DOLLAR CALMED BY PARLEY Rate Closes at $4.28!/, but Gains in Light Dealings After Regular Hours. By the Associated Press. LONDON, June 30.—While the World Economic Conference was trying to hammer out a formula to prevent wiid fluctuations in exchanges, dealings in the United States dollar calmed down considerably today, but the movements were still irregular. The rate closed at $4.28'; to the pound, & quarter of a cent above the overnight gquotation. Early selling depreciated the dollar’s rate from the opening at $4.27 to $4.29, after which covering brought improve- ment to $4.25. But in the late after- noon, with little business, $4.29'; was touched. In trading after regular hours the dollar gained, the last transactions being at $4.26. Dealings were light. PARIS, June 30 () .—The United States dollar closed at 20.02 francs on the Bourse today. an increase in value of 49 centimes from yesterday's official close, but a drop from the rates quoted after hours yesterday afternoon, which ranged from 20.10 to 20.20. There will be no dismissals, separa- tions or compulsory retirements st the ‘White House or executive office today as @ result of the retrenchment ax which is falling heavily in the various departments and bureaus of the Gov- ernment. The $369,000 sppropriation, which also includes the salaries for the Presi- dent and Vice President is suficient to not make it necessary to any of the employes, or to put into effect any payless furloughs. For maintenance of the White House mansion, and the ex- just ending, be met, it was exp'ained at the White House today, without affecting the per- sonnel. mm«wwu ding | year he must be WHITE HOUSE WON’T CUT STAFF OR GIVE FURLOUGHS FOR ECONOMY Appropriation of $369,000 Sufficient to Make It Unnecessary to Force Payless Leaves. the executive staff of the White House, for whose salaries $106,000 has been allowed for next year, there are 25 temporary clerks, stenographers and typists detailed at the executive office from other departments. These de- tailed employes are not on the White House pay roll, but it is understood that none of them will be affected by the retrenchment. Besides the cut of $5000 for main- tenance of the mansion, office and grounds, the appropriation for next year included a cut of $5,000 in the annual allowance for the President’s traveling expenses. During the next content with $20,000 for traveling tead irposes, inst of $25,000. The President’s salary of $75,000 is not affected by the 15 per cent economy cut, but Mr. Roosevelt has volun! ly applied this cut to his salary, and each month turns back to the Treasury $937.50 out of his $6:250 monthly pul