Evening Star Newspaper, July 23, 1933, Page 3

TOREQPEN MONDA Shorter Sessions and Mini- mum Price Limits Set in Chicago. By the Associated Press. CHICAGO, July 22.—Grain futures markets of the Chicago Board of Trade will reopen at 10:30 a.m., Monday in a shortened session and with minimum price limits established. These limits will prevent any decline of wheat, corn, oats and rye below the closing quota- tions of last Thursday. This action was taken tonight by di- rectors of the exchange under the pro- visions of one of their standing rules end as the culmination of a series of meetings. Until further notice, the hours for trading in grain and pro- visions will be from 10:30 ., to 1:15 pm, except on Saturday when the market will close at noon. The change announced by the di- rectors in placing 2 minimum on fu- tures prices is revolutionary, and in a statement issued by Peter B. Carey, president of the exchange, is pointed to a5 a measure of benefits for the farmer who is preparing to harvest his grain crop and as “an act which should result in restoring the confi- dence of the general public.” Action Held Justified. “Placing 8 minimum price on_the principal cereeals traded here is fully justified by the action to the cash market in the past two days.” Carey Dollars and Currency Debasement Price Ratio Chlng?g Ef- fected in Past Without ~ Changing Standard of Value—Some Difficul- ties Flc\ed in Pursuit of the “Honest Dollar.” (Note: This is the first of three spe- cial articles discussing proposals to aid debtors by cheapening dollars.) Mos’r of the Government's ef- forts toward recovery are aimed at restoring prices, for in employment gains, renewed business activity and prosperity. Prices might be broadly defined as rising prices normally result |l bt T Ly the exchange ratio between the money | mehma; standard—or the standard adopted for the mepsurement of value, the Ameri- can dollar—and commodities. It is a ratio that is seldom fixed or stable for any length of time and its violent fluctations, one way or the other, bring | various forms of distress. ! It may be agreed by everybody that | 2L ihe ch higher prices are desirable. But there is widely divergent opinion over methods . s chosen to produce higher prices. The inflationists would change the price ratio by manipulating the standard of measurement and cutting down this standard by debasing its unit of meas- | urement, the dollar. stick of value measurement—the dollar stated. “Wheat and corn showed a decidedly strong tone both on Friday and today, and made a material up- turn in value. “There is every indication that flour mills and industries processing corn and oats have experienced an exceptionally large demand for grain products during the past two days. Since the futures market closed, processors have been buying cash corn at 2 to 3 cents over the basis prices of Thursday and flour mills have been bidding eagerly for cash wheat. Basic prices on wheal have- advanced 2 and 4 cents since ‘Thursday. Crops Deteriorating. “The new corn crop in this country, together with Spring wheat in both the United States and Canada has been steadily deteriorating, due to_hot, dry weather. Corn receipts and Win- ter wheat receipts are diminishing and there is every indication that the cash grain demand, together with lighter receipts will create still higher pre- miums for cash grain. “The Chicago Board of Trade is & market place, solely, but its officials and directors are convinced that no hysteria induced by excess public liqui- dation should be encouraged. Wi believe that the minimum prices we have established are fully justified by the conditions as we see them now.” The minimum price established by the directors today will remain in ef- fect until further notice. President Carey, with the presidents of the Minneapolis, Duluth and St. Louis Grain Exchanges, will attend a national agricultural conference in ‘Washington which will conevene Mon- day. Trading Range Suggested. Outlines of the first broadly oon-i structive plan to institute a rule of reason in the speculative grain trade took shape here today. Preliminary to a national agricultural conference Monday at Washington, called by Secretary of Agriculture Wal- lace, long-distance telephone talks b&l tween grain trade leaders here and Government spokesmen in the National Capital evolved a tentative proposal that instead of permitting unrestrained wild fluctuations in prices a method be adopted by which extreme advances or setbacks would be limited to a rule- of-reason range above or below $1.03 a bushel for wheat in Chicago. The wheat standard of $1.03 a bushel here is equivalent to an average price of 88 cents a bushel on the farm, and is identical with the commodity parity aimed at by the agricultural adjust- ment law sponsored by the Roosevelt administration and recently enacted by Congress. 95 Cents Set as Minimum. Complete liberty to speculate at any range within reasonable limits either above or below the parity price would be preserved, the limits being say 95 cents as & minimum and $1.10 as ®» maximum. These specific limits, how- ever, are not at present authoritative but illustrative. Enforcement of whatever limits may be adopted would be attained by mea of a Government license system under the agricultural adjustment act. Trad- ers in the various grain markets, Chi- cago and elsewhere, who did not sub- scribe to an agreement to refrain from buying or offering to sell grain outside of authorized price limits would be de- prived of their rights to do business. Highest officials of the country’s grain exchanges zre already en route to Washington to be in readiness to par- ticipate in preparations for any action taken by the national agriculture con- ference. The proposed plan is widely at variance with long-time traditions of the grain trade. Nevertheless, restrict- ing of grain price changes to proposed definite limits above or below the pro- posed parity price is believed by many traders to be a much more desirable course than suspending of trade in fu- tures, or attempting to limit maximum swings from day to day. Doctrine of Fair Price. Back of the plan is the doctrine of a fair price. It is asserted by advocates of the plan that the measures would be in accord with the administration policy ©of a new deal, and would be a practical means of preventing under unduly rapid price changes such as in two days this week pulled the wheat market down 30 ceénts a bushel after a hectic rise that hoisted values to almost triple what they were about six months ago. A feature of the proposed grain trade agreement or code is a provision that the code would be appropriately altered or canceled in case of presidential ac- .changing the gold content of the or using any other device of currency expansion. SPECIAL NOTICES. . INVALID ROLLING CHAIRS_ FOR RENT OR m!r mplete line of new and used chairs: ‘sizes, “styles and _adjustments: reduced ‘Also folding chairs. we etal. BrICe S NTTED STATES STORAGE GO 418 10th 8t. N.W. ME. 1843. ESSMAKING AND REMODELING AT P ana out by ‘the dav: all work neatly ed: prices _reasonable. NOrth 0741-1 NEY 5 LBS._ TABLE. 90c: COOKING, 10, FONEY mbe. S1. del. Cail LYNGO, WEst m.. all Summer. . CHASE _ OUTSTANDING Phone NAtional 6925. WE WILL _PUR accounts receivable. ERS OF NOTES SECURED BY Be2dof Frust on lot 71, square kA own us - premises No. 3" De Seles st. N.W.. mm te with interested party. Address e 0.y Star oftce. WHEN YOU NEED CIAN the Electric S8hop Inc. A ST B o et 20 B S R i T 933 N reisl May 29. Notice 13 hereby given ims agains) —1s cut down from 3 feet to 2 feet or 1 foot, the apparent value of the things measured would be correspondingly in- creased. In general cl in commodity prices over relatively short are due to changes in value of goods that are based on changes in the relation of production (supply) to demand, rather than to changes in the value of gold, although it is claimed that the discov- ery of new sources of supply and the resultant increase in production of gold h‘i‘;:e in the past stimulated rises in prices. Currency Debasement Fought. The hope of millions of Americans— sound money men—is that the admin- istration will raise the prices of com- modities, not by manipulating the money standard element of the price ratio, but by the scientific control and direction of American production, and by reciprocal arrangements with foreign nations which ‘will enlarge the market for American products, and by other devices to the same ends which the President is empowered to use without resort to the artificial and delusive in- crease of prices which comes from cut- ting down the money standard of meas- urement. -In his address to the American peo- ple by radio on Sunday night, May 7, the President explained that “the ad- | ministration has the definite objective of raising commodity prices to such an extent that those who have borrowed money will, on the average, be able to repay that money in the same kind of dollar which they borrowed. We do not seek to let them get such a cheap dol- lar that they will be able to pay back a great deal less than they borrowed. “In other words, we seek to correct & wrong and not to create another wrong in the opposite direction. That is why powers are being given to the adminis- tration to provide, if necessary, for an enlargement of credit, in order to cor- | rect the existing wrong. These powers will be used when, as, and if it may be necessary to accomplish the purpose.” Higher Prices Desirable. Now, it is of course desirable that prices go up, and the efforts of the ad- ministration are being used to raise prices by exert] various forces on commodities. If these efforts are suc- cessful and prices are increased, say, to the general level that prevailed before the long-drawn-out process of depres- sion and deflation began, the revival of business and all the advantages that flow to everybody from such a revival would, in g;\erfl. have been ac- complished. th debtors and creditors would have profited. But if the National Government set out deliberately to raise prices in terms of the dollar by debasing the value of the dollar, tampering with the standard ©f measurement (as by taking from it a considerable fraction of its gold.con- tent or by issuing a cheaper silver dol- lar in competition with the gold dol- lar), and did this for the purpose of enabling those who have borrowed money to “repay that money in the same kind of dollar which they bor- rowed.” thereby attempting thus to cor- rect the difficulties resulting when & person borrows “cheap” dcllars and must repay the debt in “dear” dollars— if these things are done to reach the objective stated, there are difficult obstacles ahead. The Besetting Difficulties. One of these is standard by which is the correct value of the “honest dol- lar” that is to be given debtors to al- low them to Tepay their debts in the nm:d kind of doliar which they bor- rowed. If in some way it might be postible to approximate the desirable or “cor- i rect” value of the dollar in-terms of purchasing power. the next step would be to determine the identity of the “gverage” debtor, and the year in which he assumed his indebtedness. Such knowledge would, of course, have to be available if the debtor “on -the aver- age” is to be enabled to repay bor- rowed money with the same kind of dollar which he borrowed. The Standard of Value. Gold, as a standard of measurement, has been generally regarded as the| cease standard that through the years has shown the least tendency to fluctuate and which is most stable in the con- duct of international trsde requiring the exchange of currencies. Its pur- chasing power, of course, does go up | and down with changes in condi- tions affecting the commodities which are purchased. One point on which economists disagree, erally s 3 is whether the rise and fall of price levels or averages is due to & faulty e o Tactors aflecting supply and de due to fa a - ; whether the up or down of dollar as If the yard-|* 18\ been be considered ‘Cost B1" Lavin = thing as_the “purc for which it is excha changing value of the ‘The Department of Labos 1926, prices for that year being is representative of whols groups: Parm products. foods, shting metals and metal product furnishings goods and miscellaneous.” This all commodities is more far-reaching than usually chosen. sometimes in modified form e of the hides and ot intended t Inasmuch as it value of siiver and o T of dollar in term: o) ver; of the gold dollar, and the lower ihe (ltp.—l in Terms of Purchasing Power.) . [ 't of Labor 't of Lal Dt or Cout. Whmiesale e $1.43 146 of the dollar—in term: arner. TEePo" s Cined hete. 1 P erely e ul re. res it (A" terms of ihe ‘selecisd commodities for wholesale index, ner iven the figure of 100. prices of 784 lea building materia. i er ve he higher the ratio. the great Dollar Values Farm Dollar Ratio, Silver to Gold 143 117 76 2 102 103 99 1.01 133441 H e o IBBIIIIBII g2332 zab2a%sE 1. 153 rtment of Labor's “Cost of Living Dollar fuel and lient. bousefurnishing up ‘mal The indexes are based and miscellaneou ing. The index numbers year 1913 as represent- by dividing S1 by the t nearly representative it could be 00ds of 1ivi on the dollar is determined is used be remem| which varies with the comme xpressive of the which is based on the year for all commodities divided into the following fuel ane house commaodiie: textile products. em| and 1 ther products. ¢ symbol of the dollar's value in the retail dollar value in eolumn 1. including only some of the commoditi orm by Gollar in terms of wholesale commodity pri used here to express the changes in terms of the farm produce for which the purchasing power of the dollar in con for which the farmer exchanges it when he buys, instead of sells. Das been claimed that on s some peculisr affinity bet! e S T il S T ter the purchasing price of sllver which it buys. of silver to gold the smaller Mmrwerolmmwhr;m higher the ratio, the greater the pur- cl power of the gold dollar and of commodities. hasing the lower the pri ver as a commodity represent with e: actness similar fluctuations in the value of other commodities, this claim could not be refuted, but the table accompany- ing this article shows that the value of silver does not, for example, fluctuate precisely with the value of the com- modities that enter into the cost of m calculated by the Department of ‘The cost of living dollar is calculated from 1913, its value in that year be- coming the standard, with the dollar being given a value of 100 cents. This dollar, worth 100 cents in 1913, decreased in every subsequent year down to and including 1920 as follows: 1913— 100, 1914—97, 1915—.95. 1916—.84, 1917—.70, 1918—.57, 1919—.50, 1920— 49. Thus the cost of living commodities increased in price in each of the seven years following 1913. Any debtor who borrowed money in any of those years and repaid the loan in a subsequent year of the same period paid to his creditor a cheaper dollar— that is, a dollar with less power to purchase commodities that enter into the cost of living—than he received from his creditor. Thus, if loans made and repaid in these eight years are to be made just by causing the debtor to repay in the same kind of dollar that he received, compensations must be made in every case to the creditor, who has been paid in every case a “dis- honest” dollar—that is, one less in pur- chasing power than the ome that he loaned. a, v g A comparison ‘of the cost of lving figures with the ratio of gold to silver in these eight years shows conclusively that the price of silver and the price of the commodities that enter into the cost of living do not go up or down in exact, or even approximately exact, accord. For every vear between 1913 and into the cost of living increased, while gold—as measured in commodities—cor- respondingly decreased. In the same years silver in relation to gold fluctuated 40 in 1915, then appreciating to 30 in 1916, to 34 in' 1917, to 21 in 1918, to 18 in 1919 and depreciating to 20 in 1920. Silver Does Not Cantrol Prices. Clearly the fluctuations in the price of silver do not reflect with any exact- iving, and the Labor Department fig- ures thus become the more enlighten- ing and the more helpful and reliable. Continuing an analysis of the depart- ment’s figures concerning fluctuations in the cost of living as measured by the gold dollar, we find that in the years of 1921 to 1929, both included, there were very slight fluctuations up and down, and that the purchasing 1920 the price of commodities that enter | Prl in value and price, first depreciating from 34 in 1913 to 37 in 1914 and to | Just power of the gold dollar and the aver- of those modities age ‘com! practically the same during the period. Thus the department’s figu 1923—.57, 1927 In cont this period, the dollar of repayment was practically the dollar borrowed, and no injustice was done to either debtor or ator. (The ratio of silver to gold during these years ranges from 32 to 38, the fluctuations are not in accord with the slight fluctuations up and down of the prices of commodities that enter into the of living. But why try to measure fluctuations in the price of commodities that enter into the cost of living by fluctuations in the price of silver? ~We cannot eat silver, or clothe ourselves with silver, or burn silver to keep us from freezing. The table shows the fluctuations in silver are not in accord with those of the commodities necessary to sustain life. And we get from the Department of Labor the figures direct that measure the purchasing power of the gold dol- lar in those essential commodities.) Prices Already Increasing. In 1930, 1931 and 1932 there has | been ingeach year a distinct increase in | the purchasing power of the gold dol- lar, a decrease in the price of cost of living commodities. and an appreciation of gold. (In 1930—.62, 1931—.68 and 1932—.75.) Debts created and repaid in these years, or created in any year since 1913-1917 and repaid in the last three years were repald in dearer dol- lars than those borrowed. But the price of the commodities necessary to life is already in 1933 increasing, and it is that the exercise by the Presi- dent of his power to control and regu- Iate domestic production in such fash- jon as to prevent overproduction. and | of the power, with consent of Congress, to make reciprocal, trade-increasing, tariff-lowering arrangements with other nations, will continue to increase the ce of these essential commodities, so that there will be no need to debase the dollar in order to do justice to the debtor as against the creditor. If the President decides that he compelled to debase the r to tice to debtors, the figures of table suggest that he will find it possible to fix the amount of the basement which will do justice | debtors as a whole, that the 1913, ’14, 15 and ’16 and that the dollars of these years and subsequent years became cheaper dollars witheut resort to the dollar to accom- plish the result.) SILVER PRICE RISE ACCORD SIGNED AT ECONOMIC PARLEY (Continued Prom Pirst Page.) monetary use while agreeing not %o sell any monetary silver. Signature of the pact was described by Senator Pittman as “the most dra- matic moment of my life.” In his long efforts the Nevada Senator has been as- sisted by Edward Bruce, silver expert. ‘When the accord is ratified it will make effective & resolution adopted by the Monetary Commission of the con- ference under which states agreed to debasing silver colnage and to in- crease, where feasible, the use of the white metal for small pieces of money. E. N. Rhodes, Canadian finance min- ister, was the last of the silver dele- gates mtm his signature to the agreement. Sees Pressure Reduced. Although the American delegation was unable to obtain in the conference itself an agreement for as extensive use of silver for monetary purposes as had/ hoped, Mr. Pittman felt that the between the silver nations went values as reported for each year in the relation of the llar to these commodities, including ver. DALRYMPLE BRINGS YEAR'S BEST YARN FROM FISHING TRIP ~ (Continued From First Page.) he was, and very tired. Still the fish pulled and McClintic pulled, and all of a sudden the fish pulled McClintic into the water again. By this time the hands were beginning to wonder whether McClintic had caught a fish or a fish had caught McClintic. But any- how the now-hardened life savers pulled McClintic back again and the fish began to weaken. Two and a hilf hours after he first swallowed the bait lb(oe.cllnflc hauled him alongside of the it There is no doubt in any one’s mind that the animal they landed was a fish, but very grave doubt what kind of a fish it was. z Fish Weighed 700 Pounds. “It weighed,” said Maj. Dalrym; h,l 1t looked like a mx.rul:m,3 WOMAN [S MISSING Police Asked to Search for Mrs. Sarah Scaggs, 70. Police last night were asked to search Dog- | vate W00 LT N FORCK "“'m::‘::";d‘;m“ , Go—n. ,' Jolmo‘ : n Regards De- ““pression in Senqe of In- vading Army. BY MARK SULLIVAN. ‘The essential spirit of the national yecovery administration is that it shall be & Nation-wide movement including emotional fervor, self-dedication and self-sacrifice of the same sort that at- tended the war-time Liberty Loan these | drives. Gen. Johnson regards the de- the dollar g upon the petition and passed it on to Johnson. The attitude of the recovery ad- ministration toward the proposed '“e scales, ranging from $10 to $20 weekly and hours of work, 40 to 48, was given point by questions which Cates put to A. L. Osborne of the Northern Hem- lock and Hardwood Manufacturers As- sociation. He repeatedly asked Osborne ’t'he » ’lzs‘—een“ t-:efz-shour :-u, instead of an cent rate proposed would not be feasible. Osborne ‘said such & step would “shut us all down.” In view of the fact the district which Osborne _represents competes with Southern lumber producers, asked if the wages of ti two ions might not be equalized at the 35-cent figure. Osborne thought Situation Expisined. this inadvisable. “You can't help labor in Wisconsin bydlmpollnc & 35-cent hour on us,” he sall He gave as his opinion of the cause of present difficulties of the lumber and | industry that “exorbitantly high \u'e\'im to construction labor” had ca stoppage of constructfon and conse- quently of lumber use. : Tennent said the request for imme- diate application of the code was prompted by the fact certain elements within the industry were seeking to benefit themselves ~financially over-prod hich :h‘,eulodm“ '&w fTect. code goes effect. He was questioned on the proposal not only by Cates, but also by Edward P. McGrady, assistant administrator. Tennent said that never before had there been such rate unity within the industry as at the present time. Mc- Grady asked if this unity could not be utilized to reach a gentleman's ment for the elimination of pres- ent overproduction in advance of the code’s becoming effective. Unaest_Is Revealed. The indust§y was 50 scattered that it would take cbnsiderable time to bring this about, Tennent said, adding that about 20 per cent of the industry was| Wi engaged In the practice which he de- nounced. Cates brought out that if the code were made temporarily and imme- diately effective, pending final revision, as much time would be required to bring the recalcitrant operators into line as would be necessary to negotiate a gentleman's agreement. Tennent spoke of unrest on the part of both employes and employers and in response to questions from Cates as to just what he meant said gmployes knew of the rates proposed in the code and anxious that they become effec- were tive. At the same time, he added, the employers wanted to stabilise the in- dustry at the earliest possible moment. HOLD REPEAL WOULD LEAVE D. C. WITHOUT LIQUOR CONTROL LAW (Continued Prom Pirst Page) legalising the manufacture and sale of | ter liquor after thé eighteenth amendment is repealed. D. C. Had Excise Board The District, before the Sheppard act put prohibition in force here in 1917, had an excise board which controlled the sale of liquor in saloons, hotels and | aff act re- railroad locomoti! the influence of intoxicants. ‘The Crusaders will have a bill ready for introduction when Congress meets next January 3 for control of the sale of liquor , but both the national and District Anti-Saloon Leagues say that they will cross that bridge if and when they come to it. “Our method of liquor control,” said Edward B. Dunford, counsel for the national body, “is the eighteenth amendment. We would not prepare any | 2! bill for introduction on the theory that the amendment will be repealed. That would give the impression that we are g‘ll:n‘ %lhue o&h our workers in the es who are t L May Suggest Commission. Mr. Lusk said that-the Crusaders’ bill would bly call for the crea- tion of a uor commission, equal in mer and dignity to the Public Utili. Commission. The sale of liquor would be made the monopely of a pri- be controlled in the controlled by lon Way as a public utility is the Utilities Commission. AUTO ACCIDENT VICTIM. SEEKS $100,000 IN SUIT 118 i Bl i Iy TH PEEELJ0F g by | nearly . $5,500,000,000 and same Ppression as an enemy in the same senge 85 an invading army. In that picture, we must all stand together or all fall separately. In the spirit of the national recovery administration headquarters, one feels that argument about the merit of the and admit argument as an academic matter.. For the pres- ent, however, we are at war and war is m‘e ?’n.&hn:rl' from the l:’mmdz of recovery administra- tion headquarters that new: wril ers as much as all others con- tribute to the common spirit of get behind and push. Probably this is just. This path out of depression has been chosen by those having the re- sponsibility. If it fails, the assump- tion is, the whole effort at recovery fails and we are back in the pit. A picture of the situation which is unemotional would say not that some oppose the national recovery adminis- tration movement but some think it un- necessary. A school of thought not great in quantity but and high- ly placed thinks we on the way to recovery through natural forces, and that the national recovery administra- tion movement is not needed. Prac- tically none say it will do any harm, ;:devenmnyo(mcfluu-qynmy p. War-Time “Drives.” ., a8 to fully nine-tenths of | 1l it A & faithful copying of war-time “drives.” It includes features of the Liberty Loan campaigns, the four-min- ute men and Mr. Hoover's food admin- istration. Many individuals who con- ducted the war-time drives are con- ducting the present one. war-time drives succeeded, it is this one must succeed. Some critics assert there are funda< | mental differences. ,One difference is that the present is not war time. To this friends of the movement reply %ILH this isn't war time it ought Another difference is that this meas- ure deals with labor all over the coun- in war time. In the war, labor ques- tions were handled by arbitration. In the N. R. A, rates of wages, hours, and some other conditions are decreed by W n. Prediction is made by some that as a sheer matter of administration this is extremely dif- ficult. It is easy to see how details are going to pile up in Washington. Nevertheless the policy of the N. R. A. is to keep all essential matters cen- tralised in Washington. It is a fun- damental policy not to delegate any essential power to gnybody outside of ‘ashington. The Tesult is an enor- mous accumulation of detail here. Interesting Illustration. One day last week in an Eastern city, a clerk read in the local news- paper that there is to be a minimum '.IE and maximum hours for “white- collar” workers after August 1. The clerk, according to the story coming from him, suggested to his employer that the raise might as well be made before August 1 comes. Thereupon the employer instantaneously became . The disemployed one wrote the episode all out in a tele- gram which, judging by its length, must have consumed a large fraction of his minimum weekly pay. The tele- Gen. Jol personally. The amiling equanimity with which he re- ceived it is the best reliance for hope that the whole N/ R. A. movement may be made to work. Gen. Johnson really is an efficient administrator. Nevertheless there is ething certainly a little appalling, s little absurd, about the o som perhaj guu:ped on Washington. It runs coun: to every theory about decentrali- sation. Practically every worker and every employer in the country is go- ing to feel that wage questions are to be referred to Washington. Not mere- ly matters coming within the mini- mum wage rule. According to the N. R. A. code, literally all workers are fected. Whenever a minimum wage is adopted, all workers in the upper brackets must continue to receive as uch above the minimum as they re- jved above the old one. Application of these differentials is going to be intricate as wetl as add to the cost of doing business. e TWO ELLA SCOTTS MEET Victim of Accident and Auto Driver Have Same Name. ‘Two Ella Scotts, both 29 one white and one colored, the same automobile accident last eve- on_Anacostia road southeast. rs. Ells Scott, 517 Anacostia road southeast, was walking in front of her home when a car driven by a colored woman of the same name, who lives at rs old, in lowed to return home. England's War Cost. LONDON (#)—Since 1914 war pen- sions have cost the British government current expenditure is to $5,000,000 a The of pensions has week. ministry bout 4,000 patients in hospitals. close Since the | argued graphic complaint was duly “put_up| hnson ty of detail that is going to be| 5. EMERGENCY, | | | | | | Are YouSeeing All There Is To See? Or is faulty vision robbing you of half the joy of living? When you realize that you / may go for years, straining your eyes night and day, without even knowing it, you can appreciate the importance of an expert examination at Castelberg’s, 1004 F St. N.W. No charge if you don’t need glasses; if you do, only 50c a week. | the GEN. HUGH S. JOHNSON. 1L MEN DECLINE | ROOSEVELT'S PLAN Refuse Blanket Code for Time Being, Pending Own Hearing. America’s huge oil industry declined temporarily late yesterday to approve President Roosevelt’s proclamation es- tablishing minimum wages and max- imum hours, preferring to wait until its own specific code has been placed in effect. ‘The industry, the fifth largest in the country, rejected a resolution asking approval without qualification of the President’s program. Instead, a com- mittee representing the entire industry voted to apply the proposed 40-hour week only to retail dealers and agencies handling oil products as a side line. ‘The decision was based on a desire of certain interests to delay definite ap- proval until aftel the industry’s own code comes up for hearing before the National Recovery Administration to- morrow in the United States Chamber of Commerce Building. Some commit- tee members feared the “blanket code” laid down by Mr. Roosevelt might con- flict with the oil industry's code, espe- { clally with respect to working hours. Votes on Price Regulation. In another vote, however, the com- | mittee decided to support a proposal for the regulation of prices within the try in a way that was not attempted | Indusiry and for general licensing of the industry, an issue which has split the ranks of the oil men for the past few weeks. ‘The proposal concerning retail dealers engaged in selling oil “as a side line” provides that if maximum hours of labor and minimum rates of pay. in the opin- don of the Recovery Administration, can- not be practically enforced, they would be exempt, but licensed to sell oil prod- ucts not more than 40 hours a week and at prices not below those established by the administration. ‘Would Put Monmey to Work. Harry F. Sinclair, chairman of the Labor Subcommittee and advocate of bringing all retail outlets under the 40-hour week, estimated its general ap- plication would mean putting from 250,000 to 300,000 men back to work, as compared with an increase in em- ployment of only 75,000 to 100,000 if all retailers were not covered. Sinclair, in a surprise move, obtained committee’s agreement to recom- mend to the recovery administration a rule to prohibit any refiner, distribu- tor, wholesaler or jobber from con- tracting with any dealer, service station operator or vender for the exclusive sale or distribution of ofl products. The recommendation was made so suddenly by Sinclair that representatives of the “major” companies were taken off their feet and failed to block its adoption. The rule had been advocated strenu- ously by the “independents,” and its proposal by Sinclair, aligned with the “majors,” took the committee by sur- Present Substitute Code. While the Emergency Committee was winding up its meeting, the Independent Petroleum Association opposed to monopoly and a group of other inde- pendent associations not taking part in the Emergency Committee sessions, presented a substitute code to Adminis- trator Hugh S. Johnson and numerous objections to the code before him. ‘The Emergency Confmittee is com- posed of 54 members chosen by repre- sentatives of about 90 per cent of the oil industry at a recent session in Chi- cago, at which the code was formulated, and two members chosen yesterday to represent retailers and fuel oil interests. John B. Elliott of Los Angeles, of the Independent Petroleum Association of California, and Jack Blalock of Mar- shall, Tex., representing the Independ- ent Petroleum Association of Texas, led in drawing up the substitute code. Child Struck By Auto. ‘Two-year-old Joe Carbonaro, 318 Fif- teenth street northeast, escaped serious injury late yesterday when knocked down by an automobile in front of his home. He was treated at Casualty Hospital. The automobile which struck him was said to have been operated by Robert C. Hurd, 1700 biock C street northeast. e REPAIRING Guaranteed One Year PHILIP FRANKS, Inc. One Flight Up 812 F St. N.W. FORUM AUDENCE TOHEAR OHNSDN Recovery Administrati)r o Tell of Latest Develog-> ments in Recovery. Supplementing President Roosevelt’ Ll radio address tomorrow night, during which he is expected to summarize steps ration - to ang E ment, Brig. Gen. Hugh 8. Johnson explain the latest developments in Fed- eral control of industry in an address coast-to-coast hook-up of the National Broadcasting Co. at 9:30 p.m. Station WRC will carry the speech in Wash- ington. The former bers of industry, setting the minimum wage and maximum work houss. for b'rohtill h;): uhfll Ebh: “white-collar” class. X w among the sub; to be discussed. . = Johnson also will explain how ‘the section of the national recovery sact, of which he is administrator, functions and the progress being made to get his vast administrative machinery in order. His speech will be the third of a series of discussions on the recovery act. Secretary of Commerce Roper, chair- man of the Cabinet Industrial Comtrol Board, spoke a fortnight ago. Seare- tary of Interior Ickes, administrator for the public works section, was the lsst speaker on the program. WOMAN PATIENT SUES Charges Lack of Care in $50,000 Action Against Surgeon. Claiming she did not receive proper care after an operation, Ellen Del 701 Eleventh street, filed suit in trict Supreme Court yesterday for $80.- 000 damages from Dr. H. A. Wood, 300 Rittenhouse street. She was represent- ed by Attorneys Harlan Wood and Charles E. Paine. LOS ANGELES. July 22 (#).—Prank C. McHugh, screen comic, and Dorothy Spencer Mclsaacs, stage actress, were married in Beverly Hills today vy Jus- tice of the Peace H. E. Billings. They met nine years ago in Hartford, Conn., when they were playing in stock. McHugh said his studio work would prevent a honeymoon trip. One Cent aDay - Brings $100 a Month Over One-half Million Dollars Al ready Paid in Cash Benefits | One cent a day ($3.65 per year), invested in a National Protective Policy, will now buy more insurance benefits than can be secured from any other Company for any amount up to $10 per year. i This new policy, paying benefits Send No Money For 10 days' free inspection of pokiey. age. address. Send ays. ay | isement. | while offer is still open.——Adverti ASHINGTON'S OWN BREW ABNER DRURY’S Old Glory (dark) Royal Pilsen (light) OFFER GOOD UNTIL AUG. lst L AR SPECIAL ‘OFFER Dog Chow, a food your dog will relish and keep him strong Dealthy. ; 2 Lbs. 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