Evening Star Newspaper, August 3, 1933, Page 1

WEATHER. (U. 8 Weather Bureau Forecast.) Showers tonight and row; cooler tomorrow: ibly tomor- ; moderate southwest winds tonight, shifting to northwest. Temperr.tures—Highest, 94, at 2 p.m. yesterday: lowest, 74, at 6:30 a.m. today. Full report on pag e 4. Closing N. Y. Markets, Pages13,14&15 No. 32,601 post office, Entered as second class matfer Washington. D. C. he Fp 71 NAY CONTRACTS FOR SHPS ARELET ASBOSARED KD Trammel Charge of Collusion on Estimates Unfounded, Probe Shows. 16 ALSO TO BE BUILT AT GOVERNMENT YARDS Five-Day Week at All Shore Sta- tions Decrezd in Line With Shiptuilding Cod By the Associated Press. The Navy Department today awarded Three Priso Beer Baron Granted Libertiés of Trusty at Leavenworth. Visited” as He Truck, Probe Reveals. | By the Associated Press. Thre: members of the staff of the suspended for granting privileges to Terrence Druggan, Chicago beer baron, scnience there. The Juslice Depariment announced that, actinz upon confidential n thzt Drugian was resciving poitileges, the Burcau ,of ns had in ecigated and found the charges true. It said Druggan had b2en a persistent seeker for extraordinary | teday infor Drove Leavenworth penitentiary have been.| serving a two-and-a-half-year prison | Undue Privileges Given Druggan, TERRENCE DRUGGAN. marily suspsnded” after acmitting their port in the affair. The t <id it was surprised ;10 learn recently th°t Druggan had been made a trusty, driving the institu- tion's truck. Upon w.ihdrawal of tifat privilge, he again sought to receive pref- WITH SUNDAY MORNING EDITION WASHINGTON, - D. €, THURSDAY, AUGUST 3, 1933—FORTY-TWO PAGES. ening Stat The only evening paper in Washington with the Associated Press news service. Yesterday’s Circulation, 112,409 (#) Means Associated Pre: TWO CENTS. $5.45,000 IN LOANS FOR MERGED BANKS APPROVEDBYR.E.C. “Last Big Obstacle” in Way of Opening of New Ham- ilton Removed. CONTROLLER O’CONNOR PLANS SPEEDY ACTION | Final Details to Be Worked Out on Aid for Eight Insti- t.ons. The Recohstruction Finance Corpora- | tion has *approved loans aggregating — nmlmmnmlmm : I | erential tre ¥ h t) 2 ssument, and the department | goiges 0o 6 the eipht member bhuks eontracts “to the lowest responsible bid- privjleges and that Chaplain James A. der” for new naval vessels. The de-|ording, Lester M. Wahler, guard, and partment also allotted 16 vessels to be | Vernon R. Swearingen “have been sum- asserted the -investigations indicated that while he was ostensibly driving the (Continued on Page 2, Column 3.) of the new Hamilton National Bank merger. % constucted in navy yards, | Buds for the vessels awarded private yards were opened July 26. Announcing the awards, officials sald charges by Chairman Trammell of the Senate Naval Committee of collusion between the bidders had not been sub- stantiated. President Rcosevelt had approved the Navy plans at Hyde Park, N. Y. last night Meanwhile, in view of the shipbuild- ing code as to wages and hours in private yards, the Navy today ordered a five-day week of 40 hours for civilian employ at all shore stations. Will Replace 5'2-Day Week. The new work wesk will replace the present 5!.-day wces for which 6 days’ pay is given Pay will now bz on the basis of § davs’” woges for the 5-day week. Soma 44.000 emp!-ves will b> afected. s to the Navy Yards for I er and two destroyers to the Philadelphia Navy two de~ 3 $7 iis.-o: “ard, ctrovers to the Purget Sound nd two dectrcyers to the Mare mont announcad it wouid y indicated Tgut cruise New York yard and ole gun the Charleston, S. C.. Navy Yard. Gets Aircraft Corrier Job. The contract for two a'rcraft car- riers was awarded to the Newport News Shipbuilding & Dry Dock Co., for $19.000,000 each, subject to ad- justment for cost of direct 'abor and material within definite limitation. The Bethlenem Shipbuilding C: tion. Quincy, Mass.. w-s ewerded fer a | fixed price of $11,720.0°0 the con- tract for a hemvy cruser which ca: not be laid down before .T2 1934, or completed before 1927, under the London treaty. < Contracts for two light cru'sers were awarded the New York Shinbuilding Co.. Camden, N. J., for $11,677,000 each. The Electric Boat Co., Groton, Conn., was awarded contracts for two sub- marines at & fixed price of $2,770,000 each. x Contracts for all eight of the 1.850- ton destroyers were awarded on a fixed price basis, without adjustments for labor costs and material. The Bethlehem Shipbuilding Corpo- ration also was awarded four of them for $3,896,000 each and a similar num- ber was awarded the New York Ship- building Co. for $3,775,000 each. Six Destrayers Ordered. Six 1,500-ton destroyers were awarded on the basis of price subject to adjust- ments within indefinite limitations for lebor and material cost changes as follows he Bath Iron Works, Bath, Me. two for $3.429,000 each; the Federal Shipbuilding Dry Dock Co., Kearney, N. J.. two for $3.410.800 each and the United Dry Docks, Inc. of New York City. two for $3,400,000 each. All except five of the vessels for which contracts were awarded are to be built out of the $238,000.000 fund allotted to the Navy by the Public | ‘Works Administration. The five are the heavy cruiser to be built by the Bethlehem Corpora- tion and the four destroyers to be built by them. These vessels are being built with regularly appropriated funds, which are also being used to carry on present construction. The order placing Navy Yard workers on a five-day basis affects 3,300 em- ployes at the Washington Navy Yard. The order becomes effective Sunday and the new work week will be from | Monday to Friday, inclusive. ‘The 3,300 | workers here include many that have | been furloughed. CHACO NEGOTIATIONS LEFT TO A. B. C. P. POWERS By the Associated Press. GENEVA, August 3—The League of Nations Council decided at a secret ses- sion today to turn over to the A. B. C., P. powers the negotiations to end the | conflict between Bolivia and Paraguay over the Gran Chaco. i A resolution to this effect was sched- | uled for adoption at & public meeting later in the day. : The parties to the conflict, favoring negotiations by neighboring countries in-tead of by the League itself, requested that the problem be placed in the hands of Argentina, Brazil, Chile and Peru. | EXCHANGE ADOPTS SPECULATION CURB Takes Most Drastic Action in History, Fixing Margin 30 to 50 Per Cent. By the Associated Press. NEW YORK, Avgust 3.—The New York Stock Exchange has moved to curb wild speculation. New rules, called the most drastic in the history of the exchange, were pro- muleated last nigit. They make margin requirements spzcific and high—50 per cent on small accounts and 30 per cent on larger ones. Full informotion as to pools, syndi- cates, joint accounts and cptions will be required weskly. The rules also aim to proiect customers against undesirable solicitation at home. Furthermore new customers’ men must be approved by the exchange and will work on & mini- mum salary instead of a straight com- mission basis. Ruling en Margin. The rulizg about margin.said: “The minimum amount of margin which must be regiired siall be suffi- cient in all cazes t6 finance the account, and, in any efent, shall amount to at least 30 cent of the debit balance in the e of accounis having a debit balaneé of more than $5,000 and to at least 50 per cent of the debit balance in the case of accounts having a debit balance of $5,000 or less.” No margin can be granted on stocks selling below $5 a share or bonds selling at less than 10 per cent of their face value. Previously the exchange had required only that margin be “adequate.” The volatile security markets shuffied about somewhat uncertainly today fol- lowing the announcement of new and drastic rules. Trading in both stocks and bonds was hesitant and dull and the more important operators were inclined to defer further commitments for the mo- ment, in order to await whatever reper- | cussions might result from the tighten- ing of the speculative reins. Leading shares moved narrowly. RADICAL MEASURES NEEDED. Senator Robinson Would Outlaw Con- tracts on Margins. LITTLE ROCK, Ark., August 3 (P).— A need for radical measures to safe- guard the Nation agains, “foolish and unrestrained” market transactions, even | quarters under suspension to tell Billy | to outlawing contracS on margins, is| Evans his side of a verbal tilt with| foreseen by Joe T. Robinson, Senate Democratic leader. Speaking at ;‘homecomlng celebration in his honoy-here last night, the Sen- ator praised President Roosevelt’s “fear- less and aggressive efforts %o overcome unemployment, to revive hope and to quicken the spirit of the people into actlon” and struck at “wild” specula- tion. “The recent session of Congrss,” he caid, “passed a stringent securities measure designed to protoct the public aga‘nst commerce in fraudulent stocks and bonds. The indications are that radical remedies must be resorted to to cafeguard the business of the Nation and the happiness of the peopl> against foolish and unrestraincd so-called transaction: on the market. even if it becomes necessary to outlaw contracts on margins.” ‘Scores Stock Market. Pointing to a need for hard work and | safeguarded bank deposits as funda- mena:_‘l;m!z;o a :ggsger\nl nation, to n added: The worst thing observable is the " (Continued on Page 2, Column 17.) Sen- EHERRIANS KIN REPLACES PIGS STOLEN FROM JEFF DAVIS ESTATE By the Assoclated Press. Two pigs were solemnly delivere a young Southern officer at the Department today at the instance of & brother officer, kin to Gen. William T. Sherman, to replace a pair stolen by Sherman's raiders.in the march to the “?51 ifled officials were amazed when ed offic! a C!l'(: containing two fat Poland China igs was lugged to_the office of Capt. omas Jefferson Davis, aide to Gen: Douglas MacArthur, chief of staff. ~ But an accompanying letter told the story. Capt. Davis had often-tau” ~d Lieut. John B. Sherman, a grand- nephew of Gen. Sherman, about pigs the latter's forces had ‘taken from the Davis estate in the swing from Atlanta and the conscience-stricken lieuterant was making restitution in the name of his distinguished relative. d to War Wrote Lieut. Sherman, who is nu;' stationed with the 16th Brigade Wum‘x,muzn:w “Subject: ! "TOZjClpL Thomas Jefferson Davis, A G. D, War Department, Washing- ton, D. C. “1. In answer to your claim for prop- erty stolen by Gen. William T. Sher- | man, during his stroll through South | Carolina and Georgia;it gives me great | pleasure to be able-to reimburse you, in | kind for the property)taken. “2. Gen. Shermar was very leni~x* in the terms of peace offered the rebel army anid I am sure that it was a mat- ter of oversight that your family was _pot reimbursed many years ago. “3. T hope that this favorable action on your claim will go far to cement the friendly relations between the North and the South an rebol from claiming that he would have been a millionaire todayv had it not been for my uncle’s march through the South. “4, Will you be so kind as to acknowl- edge receipt of the two pigs by indorse- ment hereon. “(Signed) John B. Sherman, first lieutenant, Infantry, for and in the ab- sence of Wflmm. Sherman, general, United States L Capt. Davis laughingly said he will now make & claim for all the increase of the pigs his family RAIL MEN ATTACK Consulting Co-ordinator, Says Brotherhood. By the Associated Press. CLEVELAND, August 3.—A state- men. to the effect that the rallroads epparently were workirg out economies of operation without consulting the Federal oo-ordinator of transportation came frem the offices of the Brother- hood of Railway Trainmen today. The irformal statement was inspired by an Associaied Press dispatch from Weshizgton, which b-gan: “In working out economies in co- operation with Joseph B. Eastman, Federal co-ordinator of transportation, the railroads must not reduce personnel below 938,406, the number employed | during Mayv.” W. G. Cantley of the schedule and statistical department of the Trainmen's | Erotherhood, said that sentence con- | tained the crux of the problem before \tcdly'x conference of representstives of tile 21 railroad organizations in the United States. “It is our contention,” he said, “that the raflroads are not constlting the co- ordinator in effecting economies, but PERSONNEL CUTS cffecting Economies Without | This was announced today by J, F. ‘T. O'Connor, controller of the currency, in a formal statement in which he in- dicated all possible speed would now be exercised toward opening the Hamil- ton Bank. In his formal statement, the con- trolleg said: | e Reconstruction Pinance Cor- poration has approved, subject to final working out of details, loans aggregat- |ing $5,455,000, to conservators of eight |banks in the District of Columbia particjpating in the new Hamilton Na- tional Bank plan. Last Obstacle Removed. “With the approval of these loans, the last big obstacle in the way of the organization of the Hamilton National Bank has been overcome.” | tailed work which must be accom- | plished before a definite date may be set for the opening, and all possible speed will be exercised to work out these details at the earliest possible moment.” The action of the R. F. C. was wel- comed by Hamilton Bank officials as steps toward consummation of their plan. President Edwin C.\Graham of the Hamilton Bank was in conference dur- ing the day with various groups of his assistants at headquarters of the merger, at Fourteenth and G streets, working out many of the remaining details. A shield for the Hamilton Bank has virtually been approved and includes, as its central feature, the figure of Alexander Hamilton, the first Secretary | of the Treasury. Directors’ List Announced. The names of 18 men who have been | selected for directors of the new bank | were announced last night by Graham, | after a meeting of the Organization | Committee ‘st “the ™ Federal-Ameri | National Bank & Trust Co. Sever; the men have been acting for some “There remains a large volume of de- | ) [ (s i I el il HOURS AND WAGES FIXED BY CONTRACT WILL STAND UNDER RECOVERY RULING |Richberg Decision Paves Way for Large Employers to Join N. R. A. Program Without Adjusting Pay and Work. {COAL PEACE SESSIONS SUDDENLY TERMINATED Johnson fo Meet Groups Later To- day—0il Code Again Denounced by Lawyer for Failure to Allow Price Fixing—Prominent O0ffi- KIDNAPING THREAT - SEENBY DR. MAYO 'Nurse’s Scream Frightens Intruder Standing at Door of Children’s Room. By the Associated Press. ROCHESTER, Minn, August 3.—An apparent attempt to kidnap one or more of the three children of Dr. and iM"' Charles W. Mayo Tuesday was made known today. | The children, ranging in age from | 21, to 6 years, are grandchildren of Dr. Charles H. Mayo, world-famous surgeon. Miss Marie Langseth, nurse, said she | was awakened about 2:30 am. by the sound of an approaching automobile. | Within a few minutes, she said, a man ,‘nlked quietly up the back stairway of |f‘o': | the house and approached the children’s | time | door. ¥> turned the locked knob, and| | as members of the Organization Com- ' hurriedly departed when the nurse | are working them out independently.” | Mittee, while others are new appoint- | ;. teq “who's there?” In calling the conference yesterday, A. F. Whitney, chairman of the Rail- road Labor Executive’s Association, said he had received many complaints from railway workers that men were being cut off in various parts of the country, “contrary to th: spirit of the Presi- dent’s recovery program. ‘Whitney seid a national recovery act code for railway workers would be prominently ~discussed, although dis- patches quoting Washington authorities sald it was the understanding there that the railroads apparently came un- der the Federal transportation act, and not the N. R. A. Adjournment of today’s conference was nct expected until late in the after- noon. HILDEBRAND ENDS FEUD WITH JOHNSON Cleveland Pitcher Ready to Make | Up With “Big Train” After Talk With Evans. By the Associated Press. | . CLEVELAND, August 3.—Lanky Oral | Hildebrand, who came to Indian head- | Manager Walter Johnson, left the In- | dian boss’ office with the announcement | that he was ready to make peace with the Big Train. ’ e LEHMAN ASKS REMOVAL OF NEW YORK’S SLUMS Governor TUrges “Dwz:llings of Standard Quality to Be Leased at Low Rentals.” By the Associated Press. ALBANY. N Y, August 3.—The re- | meval of city clums end tleir :eplace- ment by “dwall'nzs ol sicndard quality to be leased at low reatals” by mu- nicipal housing authorities financed under the national recovery act, was in a special message to the New Yerk Legislature. ‘The Governor asked the lawmakers to approve measures that will permit citiss to set up their own housing authorities, berrow from the $3,200, 000,000 Fede'al fund for public worl wipe out their slum districts by con- demnation and substi‘ute new dwellings for versons of rm~ll or modcsi means. a’s> {hat sters be taken to reduce gas and e'ectrici’y rates in the State b~ broed-ning the powers of the Public Servicc Commission. 40 ROUTED BY BLAZE |Five Firemen Injured by Blast. Proprietor Arrested. CHICAGO, August 3 (#)—A fire in a rooming house early today injured five firemen, drove 40 men and women to the streets in their sleeping garments, and cauted the arrest of the preprietor, | Thomas Butina, 36. | ‘Three separat> fires were reported d et least keen one ' to have broken out in the b:scment of | the building and firemen said ihey | encounte'ed g2-olinc “And kerccene fumcs. An ocion' all-gedly cauced | b the fume- in‘ursd the five fi Brtalicy Chief Pririck Me: | ed ebcut the face and back, was mos seriously hurt. ——— Agriculture Minister Dies. BUENOS AIRES, August 3 (®). Antonio De Tomaso, minister of agri- culture, died of angina pectoris today t urged by Gov. Herbert H. Lehman today | | The 1ist 1s as follows: Dr. Charles G. Abbot, secretary of the Smithsonian Institution: Edward C. Baltz, secretary, Perpetual Building | Association; Emory H. Bogley, lawyer; | William H. Clarke, laundry owner; Dr. | A. L. Day, d¥ector, Geophysical Labora- tory, Carnegie Institute of Washington: Joshua Evans, jr., president and con- | servator of District National Bank and a vice president of the proposed Hamil- { ; Edwin C. Graham, president, | Naticnal Electrical Supply Co.; Willlam F. Ham, chairman of d, Poto- | mac_Electric Power Co., and_president of the Washington Railway & Electric 0. M. E. Horton, presicent, M. E. Horton. Inc.; Harry K president, Harry Kaufman, Inc.; Ralph W. Lee, insur- ance; Wilfred B. Putmang president, Putman Construction Co.; C” C. Rogers, insurance; H. G. Smithy, president, H. G. Smithy Co., Inc.; L. P. Steuart, pres- ident, L. P. Steuart, Inc.; Capt. Chester | ford, lawyer, and counsel for the’ Hamil- ton Bank; Lloyd B. Wilson, president, Chesapeake & Potomac Telephone Co. ‘These men will serve as directors until the first annual meeting of stockholders next January. PARLEY ON CAB CODE Might Go Leng Way Toward Clearing Up Situation in District Field. ness from all parts of the country are meeting at the United States Chamber of Commerce today in en effort to draft a national code, might go a long way toward clearing up the tangled situation here. Besyond the fact a first draft had beer made, W W. Cloud of Baltimore. Taxicab Owners. refus=d to divtlge any information. | tion section of the National Recovery Administration had reguested that no code is agreed upon. The job of the conferees is made more difficult, it was pointed out, Ye- cause representatives of the industry in nearly every city have more or less dif- ferent problems to face. Harry C. Davis, president of Inde- pendent Taxi Owners' Association of Washington, last week informed the Public Utilities Commission he would present a code which would make pro- vision for the installation of meters ar.d a rate of 25 cents for the first tvc miles end 5 cents for each additional one- third mile as a substitute for the present zone system. RED TAPE SLASHED FORT HOYLE Md., August 3 (®).— All red tape wes slashed swiftly here last night when Elwo.d T. Pierson, 20-year-old student at the Citizens’ Military ‘Traini Camp, rececived telegram his mother had died in Gal- litzin, Pa. Lieut. John Mesick, camp adjutant, arranged to have Pierson honorably dis- ch rg>d immediately &nd the Fconsylvania Railroad to sto) ersck treim, the Pennsviveniy Fly Within a {few hours the youth was en rou‘e home. Silver Com'ng to U. S. VICTORIA. British Columbia, Au- gust -3 (#).—Nine thousand bars of sil- ver, said to be a consignment from Brit- ain to apply on the American war debt, will be shipped Saturday to New York via San Francisco. The cargo arrived from the Orient Y. | Wells U. 8. N., retired; Roger J, White- | MAY HELP LOCALLY[ Representatives of the taxicab busi- | the cffect of which| head of the National Association of | H> said the transporta- | information be given out until a definite ' The children were at the Mayo home at Maywood, the family country estate, three miles southwest of Rochester. At the instance of the grandfather, guards, with loaded guns, patrolled the grounds of the estate today with orders to “shoot first and explain afterward.” The elder Mayo expressed the beliel this region may have been singled out for an attack by kidnapers. O’CONNELL'S THREATENED. | Stalk Mcther of Youth Re- cently Ransomed. | ALBANY, N. Y. August 3 | Threats to kidnap the wife of Ed O'Connell, prominent leader, or one of the three O'Connell | brothers, uncles of the ransomed John J. O’Connell, jr., were reported today to have been received by the family. The threats were said to have been responsible for the heavy guard main- taind at the mountain camp of Dan 'Connell, where several members of | the family are staying. Police and private guards, armed with rifles, patrol the O'Connell camp, 20 miles frpm the city. Young “Butch” was returned to the camp last Sunday morning after a 24-day captivity in New York City. It was the police theory that the kid- | napers, now aware that they had been given marked money and that the O'Connells worked with the authorities, Kidnapers rd | ! uncles with threatening letters. The O'Connell brothers are Ed and ' Dan, uncles of Johnny, and John, J., sr._(Solly), father of “Butch." Reports_also were being circulated that the first arrest in the case would be made today. Manney Strewl, inter- mediary, has been held in custody for questioning and his pal, John Oley, was ordered picked up. Louis Snyder, young Albany attorney, who acted as counsel for Strewl, to- day threatened to “tell the world” all | the details of the case if Dan O'Connell | continues his silence. Snyder d¥clared that statements made by District Attorney Delany were put- ting him “in a bad light” and that the family of John J. O'Cennell, jr, could clear up matters if they desired. BALLOONS RISE 9 MILES Temperature Zero Found in Stratosphere. CALGARY, Alberta, August 3 (#).— A height of 9 miles and a temperature of 87 degrees below zero is the record thus far obtained by meteorological ballocns released from Calgary by Capt. C. H. Bromley in connection with Polar- yea" tests. ‘Twelve of the 22 balloons, which are equipped with instrument: to record conditions in th-~ stratosphere, have been recovered. The balloons have been x;lensed twice a month since Septem- T. _— Capt. Pond Resumes Flight. NFW GLASGOW, Novia Scotia, Aug- ust 3 (#).—Capt. George Pond, Ameri- can aviator who plans a two-way flight between New York and Rome this Sum- mer, took off from Mollison Field to- day on the second lap of a flight from gar}!‘wr Grace, Newtoundllng, to New ork. GUIDE FOR READERS Page .C-10 C-6 .C-4-5 3-14-15 Amusements Camics .. Featuies ... Finance Radio .. = Serial Fiction . Society . Democratic | sought to silence the youth and his| 87 Degrees Below British Policemen Must Wait 4 Years Before Marrying By the Associated Press. LONDON, August 3._Lord Trenchard, commissioner of met- ropolitan police, issued an order today forbidding constables to marry in the first four years of their service. The commission prefers to keep the majority of its constables un- married that they may live in section houses and be available for emergency calls. ROOSEVELT ORDERS HOME LOAN SPEED Exchange of Securities for - Mortgages Expected to Get Under Way Next Week. | By the Associated Press. | HYDE PARK, N. Y. August 3.— | President Roosevelt today gave the word to speed thé operation of Federal relief for small home owners in a con- ference with Vincent Dailey, manager of the Federal Home Owners' Loan Corporation for New York State. | Dalley said he expected to begin the | exchange of the bonds for the mortgages held by hard- | pressed home owners by next week. | The Government has made two billion dollars available for bonds bearing 4 per cent Interest to be exchanged for the mortgages of higher interest rate. Thirty Per Cent Needed. It is estimated by Dalley that 30 per cent of this total will be required for New York State alone. The declaration to Dailey today by | Mr. Roosevelt was regarded as a word to all State administrators of this re- lief agency. laws to take full advantage of the Fed- eral relief. Amendment of the New York State laws is expected next week. “We are going right ahead” said | Dailey. “We are going to the people rather than wait for them to come to us. Assistants to help carry out the plan will be named immediately.” Dailey has offices in New York, Al- bany and Buffalo. Regional offices also will be established. Discuss State Politics. The New Yorker also discussed State politics with the President, asserting to him “the State Democratic ¢ gani- zation was never in better shape.” He discussed the August 19 State " (Continued on Page 2, Column 1.) ROOSEVELT HAILS INFLUX OF CASH _— $1,500,000,000 Balance on August 15, All-Time Record, Is Assured. By the Associated Press. HYDE PARK, N. Y., August 3— President Roosevelt, pointing out that on August 15 the Treasury will have the largest cash balance in its history, moved confidently ahead today with his national recovery and defense plans. He happily scanned reports from the Capital, determined to press to the | limit his prcgram to spread work and maintain wages in an unprecedented |drive to improve mass purchasing power. Backing the President is the as- surance that came with the six-fold oversubscription of the Government’s $850,000,000 August refinancing. The President has ordered subscriptions closed—except for the smaller pur- TS. At the middle of the month the Gov- ernment will have in its vaults the greatest cash balance in history as the result of this successful financial op- eration—$1,500,000,000. The calling list at the Summer White Hcuse was held to & minimum as the President sought relief from the heat. Secretary of State Cordell Hull, chair- man of the delegation to the Lcndon Economic Conference. Raymond Moley, | Assistant Secretary of State, was given |an assignment . yesterday to make a special studv of kidnaping and racke- teering for tho.Attorney General. There have been reports of strained relations between Hull and his assistant, but fll‘: | Some States must fix their | On Saturday he expects a visit from LOWER PAY ASKED IN OIL INDUSTRY |Chiefs Want Filling Station Workers and Many Others Under Blanket Code. By the Associated Press Lower pay rate for employes of retail outlets of the petroleum industry that leaders of the business had agreed to previously was recommended to the ad- ministration today by chieftains of the oil business. They sought to bring the thousands of workers in filling stations and other outlets under the blanket code, instead of the labor section of an ofl industry code worked out between them and Hugh 8. Johnson, the industrial ad- ministrator. Under the blanket code, oil men said, e rates would be from $12.50 to $15 $16 for a 40-hour week, as compared with rates ranging from $16 to $19 for the 40-hour week proposed in the labor )pmvisxons of the oil trade practicz plan. Open Sessions Ended. The recommendation was presented | to the administration as K. M. Simpson, | deputy administrator, brought to an lend open sessions on the proposed |trade plan, with advocates of price | regulation waging a determined cam- paign to the end. Oscar Sutro, general counsel and vice | l(h or lower interest-bearing | president of the Standard Oil Co. of | California, spokesman for what he called the “very large group” insisting on price control, told Simpson those favoring it felt “If you don't give us price regulation, you can write codes from now until doomsday and accomplish nothing.” Johnson has definitely gone on record | against price control pending a trial of production control to see what effect it will_have on prices. “The school of thought that has op- the Government in business, those views that dictated this code, do not represent the liberal views of a liberal administration,” Sutro asserted. “This group of conservatives repre- sents the views that were swept out of power last November.” Price Control Telegrams. Telegrams to Johnson from Govs, Comstock of Michigan and Landon of Kans: advocating price control, were put the record. The recommendation that retail out- let employes be put under the blanket code, leaders in the industry said, was | | made because many retailers handle | gasoline and oil products only as a sideline and the burden on them under the higher oil code rates might be too great. It was estimated between 400,000 and 600,000 employes would be affected. Sim, closing the open meetings, (Continued Page 2, Column 8.) ARRESTS MADE IN BLAST Arsenal Explosion Brings Modified Martial Law in Managua. MANAGUA, Nicaragua, August 3 (). —Several persons were under arrest to- day for investigation in connection with an arsenal explosion that caused in- juries to four guardsmen and consider- able damage. A wire was found at the scene, and officials believed the blast might have been set off by electrical contact. Five hundred men were ordered here from Leon as Managua was placed under modified military law, and the arsenal was heavily guarded. cials Drafted as Speakers. By the Associated Press. The way was cleared today for big employers of labor under con- tract to join the country-wide N. R. A. program without alter- ing existing wage and hour terms. While Hugh S. Johnson, as head of the Recovery Administration, | continued efforts to bring peace |to the coal strike territory ot | Western Pennsylvania, Donald Richberg—his general counsel— issued an interpretation of Presi- .:dent Roosevelt’s voluntary agree- ment under which contracts reached by collective bargaining and which specify a definite num ber of hours’ employment per week, may be maintained unim- ! paired. | The employer affected, to obtain his | blue eagle insignia, must conform in | other ways to the wage and employment | increasing move, however. Newspapers in Group. Newspapers are a principal group affected by the new ruling, since a huge proportion have their mechanical forces now under union-negotiated contracts. Johnson's coal peace conference, be- gun last night, were resumed this morn- ing, but suddenly suspended until late afternoon at the request of the mine operators involved. Gov. Pinchot of Pennsylvania and union labor spokes- men had filed into Johnson's office to start talking when the postponement was asked. They filed out again, tight- lipped. Meantime, the effects of one of the codes of fair practice now in force be- came evident. The Navy awarded mil- lions of dollars’ worth of ship con- tracts to private yards which will oper- ate on a 32-hour week under the code, and simultaneously, civilian employes in ) the Navy Yards were ordered on a flat 5-day, 40-hour week. Further adjust- ment and changes may be made later. 200 Speakers Drafted. In driving forward the mobilization for a national campaign to place public opinion actively behind the re-employ- ment drive, the Recovery Administration meanwhile announced more than 200 speakers, including Governors, Con- gressmen 2nd even cabinet members, had been drafted to stump the country. Prominent in the list were Secretary of War Dern, John Dickinson, As- sistant Secretary of Commerce, speak- ing today in Pittsburgh; Speaker Rainey; Senators Robinson of Arkan- sas, Harrison of Mississippi, La Follette of Wisconsin, McAdoo of California, Byrnes of South Carolina. Bulkley of Ohio, Walsh of Massachusetts, Bark- ley of Kentucky, Wagner of New York, King of Utah, Brown of New Hamp- shire, Lewis of Illinois, Clark of Mis- soyri, Byrd of Virginia. Duffy of Wis- coflsin; Glenn Frank. president of the University of Wisconsin, and Prof. Paul Douglas, University of Chicago. Negotiations on codes for individual industries were being carried on simul- taneously. Steel, oil, lumber and many lesser in- dustries were dealing with recovery officials in these efforts. 0il Code Is Denounced. | The oil code. the only major one now {in open session, brought out fresh strife today with Oscar Sutro, general counsel |~ (Continued on Page 2, Column 4. | | | MATTERN HEADS WEST To Be Guest of Honor at Celebra- tion in Chicago. NEW YORK. August 3 ) —Jimmia Mattern, whse attempted world fiight ended in Siberia, wes winging his way | alone today to Chicagc. where he | to be the guest of a celebration in his | honor. | Flying a low-winged monoplane, Mat- | tern took off frem an unannounced air- | port at 8:15 am. (Eastern standard time) and was expected to make a refueling stop in_Cleveland and from there fly on to Chicago where he will | visit the fair. He will return to New York tomorrow by plane. Definite relief from the heat by to- morrow afternoon or night was promised | Washington today as the city continued |to suffer from temperatures hovering percentage of humidity. The number of victims here of the torrid wave that has gripped the East since Monday mounted to more than 40, with two more deaths resulting from the heat. James T. Gillam, colored, 45, died early today in Casualty Hospital. He was overcome late yesterday at First street and Constitution avenue. The man gave an address in the 600 block of Second street, but police say 2 check showed he did not live there. Henry Selby, 63, colored, died last night at Casualty Hospital after col- lapsing yesterday at his' home near North Capitol and D streets. Despite overcast skies today, no rain is gredlnted for Washington until to- night when there probably will be oc- casional showers, ‘Weather just below 90 degrees and a high | 'REAL RELIEF DUE TOMORROW; HUMIDITY ADDS TO DISCC*FORT expected to continue throughout the | night at intervals, but the temperature | probably will not drop sharply until | tomorrow afternoon Then, said the forecaster, there will be a “noticeable change.” At 2 p.m. today the official thermom- eter registereqg sy. Nve degrees less | than at the same hour yesterday. The | humidity, however, was 67 per cen, | while yesterday it was only 50. The | prediction for this afternoon was that | the mercury will not climb above %0 | degrees unless there is an unexpected | clearing of the clouds. | The highest tempsrature yesterday was 94 degrees 2t 2 pm. The lowest for the past 24 hours was at 6:30 this morning, with 74 degrees. | No prostrations were treated at hos- pitals here up to noon today. Amorz those overcome lat> yesterday were: i-. | Smith, 31, of 2 Logan circle; Frank Lee. 29, 129 F street southwest; James Galloway, colored, 33, collapsed in rear of 1623 K street; James Adams, col- ored, 8, 22 Fenton street northeast; Ed- ward Green, colored, 50, 1744 T street, Second > | and Ruth Jackson, colored, 1033 southwest. street, .