Evening Star Newspaper, August 30, 1933, Page 3

ROLDEXPORT.K. INGREASES PROFIT $15,000,000 Gain for Miners Seen—Ban Raising Hits at Hoarders. B the Assoctated Press. New gold may now be shipped freely from the United States under the pro- visions of President Roosevelt's decree, but hoarders remain in just as much discredit as ever with the adminis- tration. Thus gold miners, ranging from those who have panned Rocky Mountain creeks with kitchen sieves to the great corporations with elaborate chemical processes, find they can make 30 per cent more dollars today than they could yesterday But gold in the form of money or gold that was bullion when the em- bargo was declared still must remain in the United States, and no person, excepting collectors or those spacially licensed, may hold more than $100 in gold. The miners who now may ship pure new gold abroad hitherto were forced to sell their gold in the United States for $20.67 an ounce, or. more recently, to ship it in the form of amalgam, with consequent loss to American refiners and the added expense of shipping such unretined metal §15,000,000 Profit Seen. ‘This means a profit of at least $15,- 000.000, and perhaps much more. if gold mining is as stimulated as mining ex- perts anticipate. Gold mining has been exceedingly profitable during the de- pression, because while costs of labor and other expenses were going down, the price of gold was fixed by the Gov- ernment at $20.67 an ounce. When the United States left the gold standard miners feared those profits might go glimmering, since rising prices meant rising expenses with gold prices still kept fixed at $20.67 o Meanwhile, however, gold was being sold freely in England at no fixed price just as any other commodity—wheat, for instance—is sold on the market The price of gold in England rose to about $30 in terms of American money, but American miners were not permitted to benefit from this rise because of the gold ecbargo. Treasury to Direct Sale. Now this new gold may be refined Into tullion in the Unitea States and sold to the highest bidder any place out of the countr-, under the supervi- sion of the Treasury. The reason why any gold should be permitted to leave the country may be answered in several ways. First, the United States has no special need for more of the metal for monetary pur- | poses. Second, the rest of the world does need it, and in buying our gold miners in this country are directly ben- efited with increased earnings. Third, an increase of thne floating supply of | gold in the world should serve to in-| crease pric | A basic reason involves & somewhat | abstract distinction between gold as| money and gold as a commodity. To permit the free sale of our present ! stocks of monetary gold would give to| hoarders or Alors profits which | non-hoarders may not get. On the! other hand. those persons who pro-i duce the gold from the ground. Lterally creating new wealth, are held to be en titled to the profit therefrom. Will Combat Hoarders. Federal Is described the t"\'o‘ Executive orders as providing an effec- tive method of combating hoarders as! well as a stimulus to the domestic gold mining industry The Justice Department last night fssued a formal stalement expressing gratification at the crder rclating tol holders of gold and predicting it would prove a helpful instrument in the drive | against hoardcrs. “The Exccutive order issued today by the President supplies an efficient means of reaching hitherto unidentified in-, dividuals who are holding gold, gold coin and gold certificates, contrary to the public interest the department | gaid. It added that detailed instructions | and the necessary printed forms would be issued later by the Treasury All of the foregoing is in pursuance of the general plan whicii has been followed since the matter me one | of national importance,” the statement continued. *“The Department of Jus- tice is continuing its work of classifying and interviewing the known gold hoard- | ers, who will be expected. of course, to | comply with the new Executive order.” | Both orders were drawn up by Treas- ury experts several days ago after an| intensive study by President Roosevelt ! and his intimate advisers. i MINERS HAIL CHANGE. Bee Greaf Impetus for Industry in Export Approval. DENVER. August 30 (£ —Colorado mining men concurred unanimously to- | day in predicting President Roosevelt's | order lifting immediately the embargo | on the sale of gold in w will_give their industry “Removal of the gold cmbargo is a ' most beneficial stimulus to mining in | this region,” said R. P. Peynolds, gen- ! eral manager of the American Smelting | & Refining Co. “The next step is to get | a better price for silver.” 1 MINING STOCKS SOAR. Jump 10 to 50 Per Cent in Marila on Export Ban Lift. MANILA, August 30 (#).—Gold min- ing securities skyrocketed here today on | the strength of President Roosevelt's order removing restrictions on exporta- | tion of the newly-mined precious metal. Mining stocks, which had been boom- ing in recent weeks, appreciated 10 to| per cent in dollar value as sales for the day reached 376,000 shares. John W. Haussermann, president of , bo.h the Balatock and Genguet Consoli- | dated Mines, leading producers of the | ds, s2id his companies had in San "cisco and afloat 154,800 ounces of | gold and that the Executive order auto- matically increased its value by about $900.000. Before the o-der was made | lllgx; amount of gold was worth $3,183,- g 1 — __ _SPECIAL NOTICE WANT TO HAUL FULL OR PART LOAD TO or r New York. Richmond. Bostoii. Pitts- NATIONAL DELIVERY AESNfa'iCNIC.. N_ Y =ave. NA 1460 Local i —PURE FANCY. 5 10 1bs.. §1: 7 LYNCO.. WEst 0654 by 10 MOIC CONTRARY TO ANY STATEMENT PUB- lished in this column. the North and after Seplember 1. 19ii located at 1234, 1236 and 1238 9th and will not aite the rear of 1219 and all way_ points: 2 38 9th st nw. r that date be located in 13th st. n.w. PETER A. GROSE. " Proprietor. *, SUITABLE FOR | uets. weddings and meetings, 10c up per dav each: new chalrs. Also_invalid rolling_chairs for rent or sale. UNITED STATES STORAGE CO.. 418 10th st. nw._ MEtropolitan 144 Treasury Department Office of the Comptroller of the Currenecy Washington, D. C. ay 21 CHAIRS FOR _RENT. BRIDGE PARTIES, b rsons who . F. T. O'CONNOR. Comptroller_of the Curreney ROOF WORK any nature capably performed by Srescal rooters, Call KOONS et COMPANY Gold Orders THE _EVENING STAR, WASHINGTON, D. €., WEDNESDAY. AUGUST 30, 193 Long Nurses Mystery Wound BANK RE[]PEN'NG by President Miners Permitted to Sell American Product to Industries and Abroad, and New Hoarding ‘The text of President Roosevelt's gold orders follows: “By virtue of the authority vested in me by section 5 (B) of the act of Oc~ tober 6, 1917, as amended by section 2 of the act of March 9, 1933, entitled, ‘An act to provide relief in the existing national emergency in banking and for other purposes,’ I, Franklin D. Roose- velt, President of the United States of America, do declare that a period of national emergency exists, and by virtue of said authority and of other au- thority vested in me, do hereby issue the following executive order: “The Secretary of the Treasury is hereby authorized to receive on con- signment for sale, subject to such rules and regulations and upon such condi- tions as he shall prescribe, gold recov- ered from natural deposits in the United States ¢r any place subject tothe juris- diction thereof. Sales may be made: “(A) 9o persons licensed to acquire gold for ype in the arts, industries or professi or “(B) By export to foreign purchasers. Secretary to Determine Price. “Suci: sales shall be made at a price which the Secretary shall determine to be equal to the best price obtainable in the free gold markets of the world after taking into consideration any ipcidental expenses such as shipping costs and in- surances. “Such sales may be made through the Federal Reserve banks or such other agents as the Secretary may from time to time designate and shall be sub- ject to such charges as the Secretary may from time to time in his judge- ment determine. “Every person depositing gold for sale as provided herein shali be deemed to have agreed to accept as conclusive, without any right or recourse or re- view, the determination of the Secre- tary or his duly authorized agent as to the amount due such person as a result of any sale. “Consignments shall be sold as near- | Iy as may be in the order of their receipt. “The Secretary of the Treasury, in his discretion and subject to such regu- lations as he may prescribe, is hereby authorized to issue licenses permitting the expert of articles fabricated from gold sold pursuant to this executive order. “This executive order may be modi- fied or revoked at any time.” Anti-Hoarding Order. The text of the anti-hoarding order follows: Executive order. “By virtue of the authority vested in me by section 5, (b) of the act of October 6, 1917, as amended by sectiol 2 of the act of March 9, 1933, entitled ‘An act to provide relief in the exist- ing national emergency in banking and for other purposes, I, Franklin D. Roosevelt, President of the United States of America. do declare that a period of national emergency exists, and by virtue of said authority and of all other authority vested in me, do heregg prescribe the following provi- sions of the investigation and regula- tion of the hoarding, earmarking and export of gold coin, gold bullion and gold certificates by any person within the United States or any place subject to the jurisdiction thereof: and for the investigation and regulation of transac- tions in foreign exchange and trans- fers of credit and the export or with- drawal of currency from the United States or any place subject to the jurisdiction thereof by any person within the United States or any place subject to the jurisdiction thereof. “Section 2—Definitions: “As used in this crder the term ‘per- son’ means an individual. partnership, association, or corporation: and the term ‘the United States’ means the United States and any place subject to the jurisdiction thereof. “Section 3—Returns: “Within 15 days from the date of this order every person in possession cf and every person owning gold coin, gold bullion or gold certificates shall e, under oath. and file as herein- m { after provided a return to the Secre- tary of the Treasury containing true and ccmplete information relative there- to, including the name and address of *he person making the return: the kind and amount of such coin, bullion or certificates held and the location thereof: if held for another, the capac- ity in which held and the person for | whom held, together with the post cffiee address of such person: and the nature of the transaction requiring the holdjng of such coin. bullion, or cer- tificdtes and a statement explaining why such transaction cannot be carried out by the use of currency other than gold certificates; provided that no re- turns are required to be filed with re- spect to— i “(A) Gold coin, gold bullion. and gold certificates in an amount not ex- ceeding in the aggregate $100 belonging to any one person; “(B) Gold coin having a recognized special value to collectors of rare and unusual coin; “(C) Gold coin, gold bullion and gold certificates acquired or held under 2 license heretofore granted by or under authority of the Secretary of the Treas- ury; and D) Gold coin, gold bullion. and gold certificates owned by Federal Re- serve Banks. 4 Such return required to be made by individual shall be filed with the colloctor of internel revenue for the collection district in which such indi- vidual resides, or, if such individual has no lozal resicence in the United States. then with the collector of internal revenue at Baltimore, Md. Sych re- turn required to be made by & part- nership, association. or corporation shall be filed with the collector of in- ternal revenue of the collection district | in which is located the principal place | of business or principal office or agency | of such partnership, association or corporation, or, if it has no principal place of business or principal office or agency in the United States, then with the collector of internal revenue at Bal- timore, Md. Such return required io e made by an individual residing in Alaska shall be filed with the collector of internal revenue at Seattle, Wask. Such return required to be made by a partnership, association or corporation, having its principal piace of business or principal office or agency in Alaska, shall be filed with the collector of in- ternal revenue at Seattle, Wash. “The Secretary of the Treasury may grant_a reasonable extension of time for filing a return, under such rules and regulations as he shall prescribe. No such cxtension shall bz for more than 45. s from the date of this executive order. An extension granted hereunder shall be deemed a license to hold for a period ending 15 days after the expiration of the extension. “The returns required to be made and filed under this section shall con- stitute public records, but they shall be open to public inspection only upon order of the President and under rules and regulations prescribed by the Sec- retary of the Treasury. “A’return made and filed in accord- ance with this section by the owner of the gold coin,” gold bullion and gold certificates described thereig, or his duly authorized agent, shall b2 deemed an application for the issuance under section 5 hereof a license to hold such coin, bullion and certificates. “Section 4—Acquisition of gold coin and gold bullion. “No person other than a Federal Re- serve bank shall after the date of this order acquire in the United States any livery of such coin, bullion and certifi- cates, except under license therefor is- sued pursuant to this executive order, provided that member banks of the Federal Reserve System may accept de- livery of such coin ,bullion and certifi- cates for surrender promptly to a Fed- eral Reserve bank, and provided fur- ther that persons requiring gold for use in the industry, profession, or art Deadline Is Provided. in which they are rly engaged may replenish their of gold up to an aggregate amount of $100 by acqui- sitions of gold bullion held under licens- es issued under section 5 (b), without necessity of obtaining a license for such acquisitions. “The Secretary of the Treasury, sub- ject to such further regulations as he may prescribe, shall issue licenses au- thorizing the acquisition of— “(a) Gold coin or gold bullion, which the Secretary is satisfied is required for a necessary and lawful transaction, for which currency other than gold certifi- cates cannot be used, by an applicant who establishes that since March 9, 1933, he has surrendered an equal amount of gold coin, gold bullion or gold certificates to a banking institution in the continental United States or to the Treasurer of the United States. “(b) Gold coin or gold bullion which the Secretary is satisfied is required by an applicant who holds a license to export such an amo of gold coin or gold bullion issued under subdivisions () or (d) of section 6 hereof, and “(c) Gold bullion which the Secre- tary, or such agency as he may desig- nate, is satisfied is required for legit- imate and customary use in industry, profession or art, by an applicant regu- larly engaged in such industry, pro- fession, or art, or in the business of furnishing gold therefor. “Licenses issued pursuant to this section shall authorize the holder to ac- quire gold coin and gold bullion only from the sources specified by the Sec- retary of the Treasury in regulation issued hereunder. “Section 5. Holding gold coin, gold | bullion and gold certificates. “After 30 days from the date of this order no person shall hold in his pos- session or retain any interest, legal or equitable, in any gold coin, gold bullion or gold certificates situated in the United States and owned by any | person subject to the jurisdiction of the | United States, except under license therefore issued pursuant to this ex- |ecutive order; provided, however, that | licenses shall not be required in'order to hold in possession or retain an in- | terest in gold coin, gold bullion or gold certificates with respect to which a return need not be filed under section 3 hereof. “The Secretary of the Treasury, sub- ject to such further regulations as he may prescribe, shall issue licenses au- thorizing the holding of— “(a) Gold coin, gold bullion and gold | certificates which the Secretary is sat- isfled are required by the person own- ing the same for necessary and lawful transactions for which currency, other than gold certificates, cannct be uced; “(b) Gold bullion which the Sccre- ary, or such agency as he may desig- nate, is satisfied is required for legiti- mate and customary use in industry, profession or art by a person regularly engaged in such industry, profession or art, or in the business of furnishing gold therefor; “(c) Geld coin and gold bullion ear- marked or held in trust since before April 20, 1933, for a recognized foreign government or foreign central bank or the Bank of International Settlements; and “(d) Gold coin and gold bullion im- ported for re-export or held pending | action upon application for export li- | censes. | “Section 6. Earmarking and export of gold coin and gold bullion. “After the date of this order no per- son shall earmark or export any gold. coin, gold bullion or gold certificates from the United States, except under license therefor issued by the Secre- tary of the Treasury pursuant to the provisions of this order. “The Secretary of the Tweasury. in his discretion and subject to such reg- ulations as he may prescribe, may issue licenses authorizing— “(a) The export of gold coin or gold bullion earmarked or held in trust since before April 20, 1933, for a recognized foreign government, foreign central bank or the Bank for International Settlements; “(b) The export of geld, (I) imported for re-export, (II) refined from gold- bearing materials imported by the ap- plicant under agreement to export gold or (III) in bullion containing not more than five ounces of gold per ton: “(c) The export of gold coin or gold bullion to the extent actually required for the fulfillment of a contract en- tered into by the applicant prior to April 20, 1933; but not in excess of the amount of the gold coin. gold bul- lion and gold certificates surrendered by the applicant on cr after March 9, 1933, to a banking institution in the continental United States or to the treasurer of the United States: and “(d) The earmarking for foreign account and/or export of gold coin or President, for transactions which the Secretary of the Treasury may deem necessary to promcte the public in- terest. ection 7—United States possessions, shipments thereto: The provisions of | Sections 3 and 5 of this order shall | gold _certificates which is situated in the Philippine Islands, American Samoa, Guam, Hawail, Panama Canal Zone, | Puerto Rico or the Virgin Islands of | the United Stat:s, and is owned by a person not domiciled in the Continental | United States. The provisions of Sec- tion 4 chall not apply to acquisitions by persons within the Philippine Islands, American Samoa, Guam, Hawaii, Pan- ama Canal Zone, Puerto Rico or the Virgin Islands of the Unitcd States. or gold coin or gold bullion which has not | | bzen taken or sent thereto since April | 5, 1933, from the Continental United | States or any place subject to the jur- | isdiction thereof. { _“S:zction 8. Until further order, the Secretary of the Treasury is authorized, through any agency that ke may drsig- nate, to investigate, regulate, or prohibit, | under such rules and regulations as he may prescribe, by means of licenses or otherwise, ary transactions im foreign exchange, transfers of credit from any kanking institution within the United | States to any foreign branch or office of such banking institution or to any foreign bank or banker, and the export —or withdrawal of currency from the United States, by any person within the United States, and the Secretary of the Treasury may require any person en- gaged in any transaction referred to herein to furnish under oath complete information relative thereto, including the production of any books of account, contracts, letters, or other papers, in connection therewith in the custody or control of such persons either before or afte? such transaction is completed. “Section 9—The Secretary of the Treasury is hereby authorized and em- powered to issue such regulations as he may deem necessary to carry out the purposes of this order. Such regula- tions may provide for the detention in the United States of any gold coin, gold bullion, or gold certificates sought to be transported beyond the limits of the continental United States, pending an investigation to determine if such coin, bullion, or certificates are held or are to be acquired in violation of the pro- visions of this executive order. Li- cences and permits granted in accord- ance with the provisions of this order and the regulations prescribed here- under, may be issued through such officers or agencies as the Secretary may designate. “Section 10—Whoever - willfully vio- lates any provision of this executive order or of any license, order rule, or regulation issued or prescribed hereun- der, shall, upon conviction, be fined not more than $10,000, or, if a natural persona, may.be imprisoned for not more than 10 years or both, and any officer, director, or agent of any corporation who knowingly participates in such vio- lation may be punished by & like fine, Amprisonmgent, or both. |<* “Section 11—The Executive orders of April 5, 1933, forbidding the hoarding of gold coin, gold bullion and gold cer- gold bullion, with the approval of the | | not apply to gold ccin. gold bullion or | | lWI\RSHIPS MOVING ON REDS IN'CHINA Americans and Other For- eigners to Be Given Protec- tion—Missionaries Safe. (Continued Prom First Page.) since early in August, when they moved on Amoy, an impoertant port, but they were turned back from there by Gen. Chiang’s famous 19th Route Army, herges of the Shanghai warfare last year. Make Way to Kienning. It was understcod here that the American missionaries recently trapped in Fukien province by Chinese Com- munist civil warfare had made their way to Kienning. Provincial military authorities claimed that they held that city securely. Although the Communists captured Yenping in the province all foreigners departed before they entered the city. Foochow military cyt.orities dispatched a, force up the 1 River to guard against a possible Yurther advance of of the invaders eme.ward. U. S. ORDERS SHIP TO MOVE. Protection of Americans In Southeast China Quickly Provided. By the Associated Press. An American warship has been ordered to Southeast China, the State Department announced last night, to protect American citizens endangered by communistic civil warfare. The order for protection was sudden, and the Department said quick aid was certain as the gunboats Tulsa and Sac- ramento were at Swatow and Hong- kong, only a short distance from the endangered city of Foochow. ‘The call for naval aid was dispatched to the commander in chief of the Asiatic Fleet by the American Minister at Peiping. Nelson T. Johnson, on rec- ommendation of the consul at Foochow. All Americans in Western Fukien were advised to withdraw to Foochow. Four Americans from the interior city of Yenping. which was reported to have fallen to the Red forces, arrived safely in Foochow, but the consul was informed that on August 7 three others were in the danger zone on their way to that city. Their names were given as Father Paul Curran. Father John Henry T.| ‘Werner and Father Bernard C. Werner. State Department records failed to show Father John H. 1. Werner, but the address of the other two was given as {in the care of the Dominican Fathers, 1896 Lexington avenue, New York. In New York. the Dominican Fathers said Fathers Curran and Werner have served for eight years as missionaries in the Orient. Officials at the headquarters of the ! organizaticn said t had no knowl- 1 edge of the Father Werner, also reported in danger, but thought an error might 1 have been made in transmission of the |name. as a third Dominican missi | ary, Father John H. Warnock, is in F chow. The names of the four Americans { who reached Foochow from Yenping were not given. Two Americans also i were understood to be at Kienningfu, and one in Kienyang. AMERICANS REPORTED SAFE. | ‘ [ | Hankow Wire Says Missionaries Are i Still at Yuanchow. | HANKOW, China, August 30 (#)— | Eight American Passionist missionaries who two months ago were caught in | warfare at Yuanchow botween rebels and provincial troops were today re- | portea safe. A telegram received by mission head- | | quarters "here from Chinese authorities | | at Hungkiang. 50 miles south of Yuan- | | chow, said the Americans were still at | Yuanchow after government troops had | { captured the town and ousted rebels, | who fled toward the Kweichow border. | Efforts to communicate with the mis- | sionaries have been futile since June | 27. when rebels took the town from i troops of Gen. Li Chiao, provincial mil- | itary overlord of Hunan Province, who | | immediately started a_siege The Americans ar> Rev. Edward Mc- | | Carthy of Boston, Rev. Prancis Fla- herty of Cincinnati and six sisters sent | from the American Passionist Mission in Pittsburgh. | | newspapers asserted today that Soviet Russia. confident of friendly relations | with Western neighbors. is now re- inforcing the army in Far Eastern Si- beria. . One journal credited its report to an | unnamed source in the Tokio war oifice, | for developments e \FAMED PILOTS HERE IN CODE DISPUTE ' Increased Working Hours and De- creased Pay Opposed at N. R. A. Hearing. Many famous air transport pilots were gathering in Washington today to fight provisions of the =air transport | code submitted by the Aeronautical Chamber of Ccmmerce to the National | Recovery Administration. tive La Guardia of New York, himself {a World War fiyer, as counsel, will ap- | pear before N. R. A. officials at hear- ings beginning tomorrow morning to [ contest provisions of the code which, they said. would increase their working hoeurs and decrease their pay. The prcposed minimum of $250 a month stipulated in the code for air transport pilots is less than half their prevailing earnings, the pilots contend. The proposed code would increase their working hours 40 per cent “in direct contradiction of the spirit of the N. R. A.” it was stated. ROBS BANK OF $7,000 DUBLIN, Ga., August 30 (4).—A rob- ber held up the Farmers & Merchants’ Bank of Brewton, near here, today and escaped with $7,000 to $9,000 of the bank’s funds. The cashier, J. B. Herndon, was alone at the bank when the man walked up to the window and covered him with a submachine gun. The robber made the cashier put all the available cash in a sack and marched him out t> his.auto- mcbile. Two miles away the robber permitted the cashier to get off. tificates, and April 20, 1933, relating to foreign exchange and the embarking and export of gold coin or bullion or | currency. respectively, are hereby re- voked. Revocation of such prior Exec- utive orders shall not affect any act done or any right accruing or accrued, or any suit or proceeding held, or com- menced in any civil or criminal’ cause prior to said revocation, but all liabil- ities under said Executive orders shall continue and Tay be enforced in the same manner as if sald revocation had not been made. This Executive order and any regulations or licenses issued hereunder may be modified or revoked at any time. "(slnanedw ‘FRANKLIN D. ROOSEVELT. “The White House, August 28, 1933.” | which, it said. was anxiously watching ! { hotel here when he we ¢ ‘The pilots, with former Representa- | URSING a_gash over his left ey shown as he shaved in a Milwaukee hotel room after an incident which he described as an attack by a was attending a chearity benefit at a “place near Great Neck, Long| Island.” e, Senator Huey Long of Louisiana is “gang” of three or four men while he ! A. P. Photo. LONG OFFERED $1.000 NIGHTLY AS ATTRACTION IN SIDE SHOW | By the Associated Press. 1 NEW YORK, August 30.—Bert Nev- ins, a press agent. announced today that he had sent Senator Long a tele- gram offering him $1,000 a day to ap- pear at a (Luna Park) Coney Island sideshow. The telegram follows “You have made yourself the greatest attraction in America. Have been au- thorized to offer you $1.000 nichtly to appear as a freak attraction at Coney Island. Wire acceptance or rcjection immediately.” Nevins said the offer was made “legitimately soliciting” Long's services as a sideshow entertainer “because by his recent activities he has made him. ASSAILANT OF LONG IN CLUB DECLARED TO BE POLICE CHIEF (Continued From First Page ) “I'd be popular and I'd lose my job, too. Asked if he would object to the pub- lication of the report that he was the man behind the fist, Webber replied: “Not at all, as long as you print along th it my flat denial of the report™ Webber explained that when he at- tended the party, he had just gone off duty. He was in the lobby and in the bar room both, he said, but not in the wash room at the time of the assauit In Milwaukee, where Scnator Long had gone ktefore news of the fracas leaked out, Long issucd a statement in which he s2id that he had bren “ganged” in thre club wash rcom by about four men, one of whom wielded 2 knife “or something sharp.” The version gradually leaking out from club members and guests, how- ever, was that Long had offended a {man’ in the wash room and that that man, witiout any aid. had knocked the Senator down. Onc club member said he saw Long rush from the wash room with both hands over his face and with blood streaming down his shirt front. Friends piaced him in a taxi and took him to his New Yori hotel where he was given medical at- tention for a two-inch cut over one eye. Former Police Commissioner Edward Mulrooney. who is now head of the tate Alcoholic Control Board and who as a guest in the same party as Senator Lorg. said when told about the Senator's “ganging” statement that he had seen no thugs at the club and ‘that every one there acted like ladies land gentlemen Senator Long left his beggage at his nt to Milwaukee and informed the hotel he would re- turn. He was expected today but this | morning the hotel received a telegram ) from him saying he was on his way to New Orleans and giving instructions for his baggage to be sent to him there The board of governors of the club. meeting last night, asked all the club attendants if they knew who hit Long and received a negative answer. Then the board issued a statement saying: “Senator Long apparently got into an argument in the wash room with a gentleman not a member of the club. * © * Senator Long’s statement abou being ganged is, of course, not worthy of comment.” V. F. W. IGNORE LONG. | | | Disregard Senator’s Attack on Press at Convention. MILWAUKEE, August 30 (#).—Dele- | gates to the national encampment of | Veterans of Forcign Wars went on with | their convention business today, in- clined to dismiss Senator Huey Long's | outburst against the press as a personal | quarrel which did not reflect their | opinion. i Although the Senator preceded his . speech here yesterday with a caustic | tirade against Milwaukee newspapers because of the attention they had given the now famous cut over his left eye, | the convention was on record as sorry it all happened. | Admiral Robert E. Coontz. com- | marder in chief of the organization, in | a statement issued last night through Barney Yanofsky, editor of Foreign Service and publicity director for the encampment, expressed regret at the Senator’s attack. The statement said: “The officers and members of the Veterans of Foreign Wars regret that 811 E St. NW. | an attack upon the Milwaukee press by | senator Huey P. Long of Louisiana | Schill; delegate from the sixth district, self one of the most colorful personages | in_America." “If he had been unknown.” said Nevins, who is currently acting as im- presario for a “kiss marathon” at Coney Island. “his brawl would have been unimportant. But because of the dignity bestowed upon him by the! mantle of the United States Senate the | vnusual pugilistic activities in which he recently engaged contributed to his | right to claim the title of the most picturesque man in America. “We believe, not as people concerned with color, but as business men con- | cerned with profitable exploitation, that Huey Long. if exhibited. would more | than pay any compe; would hand him to appe hould | have interrupted temporarily 3] Scnator his views,ei0t those of the V. This stand was concurred in by E. H. ch comprises Louisi Mississippi and Tennessee, “That is a personal affair entirely between Senator Long and the press. He said. “As for myself, and I belie 1l the veterans feel the same way, our encampment has received much finer treatment from Milwaukee newspapers than we ever could have anticipated.” The convention itself gave a “roar- irg expression of approval and thanks the pers for the fine way operated on encampment labama, When Long arose before the 4.000 delegates, 1o whom he had bren intro- duced ‘the friend of all dewn-trod- he found himself staring into a | of cameras. Whereupon he as- e papers in his most vigorous He cbserved that there has been a “exodus of polecats from Louisiana “When I picked up your Milwaukee v knew where all the polecats had gone,” he declarcd. The: veterans encouraged him with cheers. Long compiained of the pres ence of photograpiers and a force of sergeants at arms descended. The photographers were rushed out, a tangle of iripods and cases. Then the Sen- ator glared at newspaper men, seated at a table near him, saying that any one belicving what they wrote “should be bored with a hollow horr Veterans stood on their chairs and surged down the aisles. For several minuies the confusion was so great | that there was some doubt that the | meeting could continue. Through the turmoil Long cccasionally shouted and waved his hands. When a semblance or order was re- stored the Senatol to a fighting piteh, sailed full-tilt into “Morgan, Wall Street. the Rockefellers and the Baruchs.” Blue Shirts Raided. DUBLIN, Irish Free State, August 30 (.—The authorities raided the Blue Shirt headquarters in Dublin this afternoon, scizing a quantity of docu- ments. No arrests were made. Beware Of ltch On Feet and Toes | I's ‘Athlete’s Immediate Relief Assured The symptoms of ringworm infection or_so-called “Athlete’s Foot,” are unmi: takable. They are—itching on feet, tiny blisters on foes, cracked, thick or white skin between the toes. Lose no time in getting rid of this infec- tion, as it can easily spread to other parts of the body. Make-shift remedies—“cures” for many conditions—simply prolong your misery. You will get relief at once with Dr. Scholl's SOLVEX. This &pe ointment immediately ends intense itching : penetrates deeply into the infected tissues and quickly kills the germs. It also relieves Eczema and Tetter. Get a jar of Dr. Scholl's SOLVEX at your drug, sthoe or dept. store at once. Up They Go Prices on Marlow's Famous Reading Anthracite—the premium coal without the premium price—go up Sep- tember 1st. Fill your bin today at low Summer prices SAVE REAL MONEY Don’t delay, phone NA. 9311 NOW. Marlow Coal Co . NAtional 0311 Dependable Coal Service Since 1858 | the Chevy PLEA SUBMITTED Depositors’ Committee Urges “Wholesale” Instead of “Piecemeal” Action. Claiming restricted banks should be reopened “wholesale” and not “piece- meal,” former Attorney General A. Mitchell Palmer, on behalf of the Na- tional Depositors’ Committee, has sub- mitted to the controller of the currency a plan for reopening banks as a vital part of the President’s recovery pro- gram. The plan, according to a statement from the committee, which claims to represent 6,000,000 bank depositors, pzo- poses a classification of the restricted banks into four groups, with definite requirements stated as to each group. The conservators of the banks would be supplied with the four plans required to detern.ine in which groups their banks belong, and directed to submit a plan of reorganization within 60 days. The alternative would be liquidation of the banks. Outline of Classes. The committee outlined the four classes as follows: “Banks whose surplus and reserves have been entirely wiped out by de- rr-iation and losses directed by the examiner to be charged off, but the capital not impaired; “Banks whose surplus and reserves are entirely wiped out and the capital partially impaired; “Banks whose capital, surplus and re- serves are entirely wiped out, but the re- maining acceptable assets sufficient to protect creditors; “Banks whose capital, surplus and re- serves are entirely wiped out and a deficit still appears. “Much information has been obtained by the National Depositors’ Committee,” said Mr. Palmer, “indicating that some | conservators are in no hurry to have their banks reopencd. Most of them are former employes or officers of the banks they now control and in many in- stances they are receiving higher sal- aries as conservators than they were as cashiers or tellers. Neither Open Nor Closed. “There is, of course, no warrant in law for a restricted bank. It is neither an open bank nor a closed one. No cther course was open to President Roo: 1t except to restrict them as an emergency measure, but at the present rate of reopenings it will be two years or more before all of these banks will have received attention from the Gov- ernment. If they are hopelessly in- solvent, the devositors should know it and they should be liquidated. If they are not insolvent. they should speedily | be opened to the end that the purchas- | | ing power of the country may be re- stored by that much and in order that the business of many communities now without banks or h inadequate bank- ing facilities may be restored.” In the District of Columbia, there were 14 unlicensed banks. of which one, Chase Savings Bank, has been reopened as a branch of Riggs National Bank. Eight banks are now planning to reopen in the proposed Hamilton National Bank merger. and three more are being given careful con- sideration by the Treasury Department for reopening. under other plans. FROZEN ASSETS ACTION URGED. United States Asked to Issue Currency Against Deposits. NEW YORK. August 30 (#).—Presi- dent Roosevelt was urged by the Com- mittee for the Nation last night to use his emergency powers to restore value to the Nation’s frozen bank assets, which the committee placed at $7.- 500,000,000, or nearly 20 per cent of the deposit circulating medium. “The Government's delay in repair- ing the Nation's banking structure has brought serious harm to individuals and communities and has become a menace to naticnal recovery.” said the commit- tee in announcing survey of the ef- { feets of frozen bank deposits. The committee urged the President | to take the fcllowing steps: Issue currency against frozen bank assets sufficicnt to pay a substantial part of frozen deposits, amounting to about $7.500.000.000. Recrganize and co-ordinate various Federal agencles dealing with bank reopenings, putting them all under one competent head. Have the Federal Government carry for & reasonable time all frozen bank assets to which value will be restored by a rise in the price level. Make immediate use of emergency monetary powers to reduce the dollar to its normal purchasing power and raise * the price level. “Release of this tremendous purchas=- ing power is dependent upon Govern= ment action,” said the committee. “Without prompt, decisive steps to raise the price level and thereby restore nor- mal value to bank assets, depositors” and bank stockholders’ money will be allowed to waste away. “Bureaucratic control has made de- positors, stockholders and bank manage= ment powerless to save themselves from unnecessary losses. Although the eal- vaging of bank assets is wholly in the hands of the Government, today, after five months, no adequate machinery to cope with this problem exists.” ADVANCE GUA‘RD READY FOR DEMOCRATIC RALLY Assistant Secretary of War First” High Official to Arrive for Tomorrow's Session. By the Associated Press. KANSAS CITY, August 30.—The ad- vance guard of the Young Demccratic Clubs of America took over Convention Hall today preparatory to opening the first nation-wide Wathering of the or- ganizations. | Harry H. Woodring, former Governor of Kansas and now Assistant Secretary | of War, waz the first of the high of- | ficials of the Roosevelt administration | to arrive. Many others were expected for the thres-day ccnvention, which starts tomorrow. £ | Heading the list of speakers will be | James A. Farley, Postmaster General. | Others who have been called upon to speak include Woodring, James Roose- velt, scn of the President; Mrs. Nellie Tayloe Ross, director of the Mint, and Jesse H. Jones, chairman of the Ree construction Finance Corporation. NOTED YALE ALUMNUS CHARGED WITH LARCENY Nicholas Roberts Arrested in Cone nection With Sale of Bonds 1 by S. W. Straus & Co. | By the Associated Press. NEW YORK, August 30.—Nicholas Roberts. 53, New Yorz banker and promin:nt Yale alumnus, was arrested on a grand larceny charge yesterday in connection with the sale of $10,000 in real estate bonds by the S. W. Straus & Co., which he formerly headed. After a brief arraignment, during which h> supplied $5,000 bail for an examinaticn tomorrow, Roberts declared the charge against him based upon false allegations, and is wholly without merit. Roberts for years has annual “Yale barn” pa at his home in Montclair. N. J. for memb: Luniversity's foot ball team. plainant, Miss Anna Kuhlman. charges Roberts was president of the Straus Co. in Cctober, 1928. when she and her sis- ter purchased $10,000 worth of bonds which she claims were as first mortgage bonds. | | LOS ANGELES, August 30 ¢ | Suit for $7.500 said to be due I Jones, a lawyer. was filed yeste | against David Hutton, booming bari formerly of Angelus Temple. The action was brought by M Eagan, to whom Jones assigned claim. Jones was attorney for Hu in the breach of promise suit against him by Myrtle St. Pierre, won $5.000 damages. An attachr complaint was issued, but she: deputies reported they had been able to discover any property helc Hutton. onducted an REDUCED BRIEF PRICES BYRON S. ADAMS "I Never Diagppoint” Merchants of Diamonds for Over 43 Years To continue, a business concern must definitely serve its customers’ best interests as well as its own...true years ago; true today. forty-three e — = Between Fand G Sts. DISTRICT O74 4 ONLY ONE us MORE DAY To Place Orders for COAL at PRESENT LOW PRICES—Which , Advance Sharply September 1st Storage yards and main office, 1dth and ter ; o opposite Bureau Engraving and Printing. "