Evening Star Newspaper, September 22, 1933, Page 2

A—2 puw - BANKHEAD SEES [0-CENT COTTON Believes Farmers Will Be Rewarded for Compliance With Acreage Cut. By the Assoclated Press. An administration plan to advance | 30 cents a pound on this year’s cotton | crop to farmers who will conform to | the 1934 acreage reduction program was | predicted today by Senator Bankhead of Alabama, after a call at the White House. After conferring with President | Roosevelt, Secretary Wallace and George N. Peek. agricultural administrator, Bankhead expressed a definite belief that “a plan will be worked out as quickly as possible to advance 10 cents a pourd on this year's cotton crop to farmers, In consideration of an agree- ment by the farmer to comform with the Federal acreage producti>n program for 1934." The Administration has set a goal of reducing the 1934 cotton acresge from 40,000,000 to 25,000,000. Confer With Financial Agencies. Secretary Wallace and Peek left the ‘White House to confer with financial | agencies of the Government with the | obvious intent of putting the plan into early operation. Senator Bankhead was the es- man of cotton representatives recently gathered here and headed the delega- tion which called on President Roose- velt yesterday, urging that the Gov- ernment purchase half of this year's erop at 15 cents a pound. ‘he Alabaman read his statement to newspaper men from notes he had | scribbled on 8 piece of paper. “I have no authority to speak for the Administration,” he said, “and ' this statement is to be considered as my ersonal impression from the confer- ‘ence with the President attended by Secretary Wallace, Mr. Peek and myself.” Bankhead said the subject of cur- gency inflation had not come up. Favors Lower Price. The cotton belt States proj the (Government purchase half of this year's crop still held by producers—about 5,000,000 bales—at 15 cents a pound, with the understanding that for every bale purchased by the Government the producers will cut next year's crop that much. To all appearances, the President 15| Jooking favorably on the proposal to lift cotton Emea. but there is reason to believe he favors a lower price for the Government purchases, nearer 12 cents | & pound Meanwhile, a new hearing on pro- posals to levy compensatory processing taxes on commodities sold in competi- tion with cotton was called for October 2 today by the Agricultural Adjustment Administration in response to requests of cotton processors who contend that | competing procucts are gaining unfair | advantage. Hearing Devoted to Fibers. ‘The hearing will be devoted to the| effects of fibers, particularly jute and hemp, on the consumption of cotton, which since August 1 has borne & processing tax of 4.2 cents a pound. At a previous hearing data respecting silk and rayon was presented, but no action has been taken by the Adminis- tration to determine whether processing taxes should be levied on these. At that hearing administrators said ' they obtained {nsufficlent information | bearing on jute, hemp and other fiber products. The A. A. A. is holding in abeyance | & proposal for a hearing on the effecss | of the cotton processing tax on con- sumption of the staple. ROOSEVELT-SCANS HIS ADVISORS’ PLANS FOR DOLLAR CONTROL (Continued From First Page.) amount of gold in it in accordance with price indices. “This means that should it be de- sirable to stabilize prices at, say 1926 levels, gold could be taken from the 23.22 grains in the gold-standard dol- lar in sufficlent quantity to raise the prices to the desired levels. Conversely, if lower prices were wanted, gold could be added. “By taking gold from the dollar, or adding to it, you increase or decrease the supply, which in turn raises or low- ers prices, respectively, by making gold more plentiful or scarcer. “It would not be necessary to control production of commodities or to fix their prices. A stabilized dollar would not mean that if the wheat crop were short, for example, wheat prices would remain what they were if the crop was heavy, because they would be higher. “But controlling the gold value of the money would stabilize the average price levels of all commodities within mini- mum and maximum limits, would stop price collapses and prevent wild infla- tion of commodity values that are due to gold. It would not prevent fluctua- tions in business due to other causes.” Swedish Plan Cited. “Sweden presents a good example. About three years ago prices started falling rapidly there, but part-way down the decline, Sweden began managing her currency, and through this stabil- ized prices at much higher levels than has the United States, as this country kept right on the price tol . We've Just started to turn uphill. Sweden now wants higher prices, so the cur- rency will be managed to lift the gen- average levels. “That is the way it is worked. If price indices begin to swing one wa or another and the swing is not wanted, the manipulation of the currensy will check it; if a "«'ins is wanted, the cur- Tency control can force it. Homes Show Loss. “It is far better to have stabilized ?rlce levels than stable wages and fall- ng prices, the latter two ruinous to a nation, particularly its hidden in- vestments. “For example, one may figure 3 per cent a year depreciation on his house; but if prices are down on top of that, 2, 3 or 5 per cent more may be added by forces over which the house owner has no control. “Yet his property has depreciated the normal three, plus whatever percentage the price fall is. Multiplying this by the number of houses presents a stagger- ing total of losses.” Senator Thomas said in a statement Jast night that “the fallure to inflate the currency has caused the removal of the New York Stock Exchange from New York City to New Jersey.” Credit Famine Charged. “Deflation,” the Oklahoma Deémocrat, a leading inflation advocate, said, “has caused a famine in currency and credit, and because of inability of the property owners and business men of New York City to pay their taxes, the officials of the city have found it necessary to in- crease the taxes on every active business was about the only institution showing signs of pros- gg‘rlty, and hence the city tax upon the nsactions coming through the ex- hange. 5 'n':: taxes im| by the Federal Government on the State of New York were already a heavy burden upon the | majing exchange and when the City of New York added an additional tax, the ex- change found it necessary to remove to another point where taxes would not be 80 burdensome. “Hence I attribute the forced removal of the e: directly to the opposi- tion of Wall street to inflation and the failure of the Federal Reserve System to - the amount of money in circus | reports submitted at their meeting What's What || Behind News in Capital. Bank Leaders Roast Administration On Credit Policy. BY PAUL MALLON. THE_Advisory Council meetings | of Fedéral Reserve bankers are real secret sessions. Nobody talks outside the closed doors. However, no door could strong enough to hold the stories about what went on at the last session. They say it was as lively a meeting as bank- ers ever held. The administration was roasted unanimously for its banking atti- tude. Chairman Jones of the R. F. €. and Attorney General Cum- mings wer> singled out particu- larly for the sharpest sort of criticisni. ‘The bankers-even selected an unof- ficial commifttee, headed by a promi- nent conservative Democrat from among them. This committee was told to go to the highest administra- tion sources'and to see if Jones and Cummings could be made to talk a little less critically about the banking profession. Attacks Credit Policy. Those who heard the din from with- in say Gov. Black tried to calm his boys down as much as he could. He cajoled them into an agreement to support the administration credit in- flation movement. But he could not stop the statement issued by President Smith of the council, advising banks t0 be cautious about lending too much. In fact, the Smith statement could logically be interpreted as an extraor- dinary attack on the administration policy. At least it nullified the promise of co-operation. The frritation of the bankers is easlly understandable. The private; showed most banks are rflnfing 8.:.]{” cent of their loan applications. ey consider the other 15 per cent bad loans. Scolded Like Children. If they grant any bad loans, the ad- ministration will be the first one to howl. It will close them up. And yet Jones and Cummings have been speaking to them as if they were naughty children for not lending all their money willy-nilly. It the inner whispers are to be believed, the bankers agreed with- out dissent that Black and Con- troller O’Connor were “the only administration officials who have any conception of the banking problem.” What annoyed them most was the effect on public psychology of such statements as those made by Jones and Cummings. Bankers are in a bad spot any way. The good ones have been blamed for the sins of the few. They feel their business requires public confidence and now, when they are trying to come back, the administration starts shoot- ing at them. May Bring Good Results. It probably is a good thing that the matter has been brought to a crisis. 1t should result in a better understand- ing all around. Co-operation rather than further quarreling is in prospect. Incidentally, the reserve council was excited about money inflation pros- pects, but took no action. The bankers agreed the best way to inflate, if it had to be done, was to issue currency against money tied up in closed banks. They all told each other they would support Mr. Roosevelt, no matter what he does. They know their salvation rests in him. An influential administration official outlined Mr. Roosevelt’s view on infla- tion privately the other day. It is not official but it sounds authentic and may be accepted as such. It follows: “The President is essentially a sound money man. But he regards the exist- ing agitation for inflation as legit- imate. If his credit inflation policies feil to bring desired results, he will not hesitate.” Hull Names Congress Pal. State Secretary Hull put a personal friend in as Prof. Moley’s successor. R. Walton Moore is Huil's pal of con- gressional days. Moore took an interest in the foreign service while he was a member of the House Foreign Affairs Committee. He holds the old-time- Democratic doc- trines on international matters, as does Hull Mr. Roosevelt originally called off his scheduled trip to the American Legion Convention because his advisers told him it would not be necessary. They said the convention was all set to ac- cept the administration program gen- erally and that his personal appear- ance would not be needed. Gen. Atterbury is known as the “Peck's Bad Boy” among railroad ex- ecutives. One thing that held up the Russian cotton-metal credit was haggling over terms. The Soviets wanted a four-year credit at a low interest rate. The deal ulti- ‘mately will be made. ‘The State Department frothed when 1t heard rumors that the Chinese were selling our cotton to Japap after we loaned China the money to it. Our diplomatic officials in the East were told to warn the Chinese privately that if they did anything like t they ‘would tget go mor_lgh cotton, money or sympathy here. The prospects were that China would b2 trr htened out of the deal. They should be. Any cotton she sells in Japan will cause the Japanese to buy just that much less here. (Copyright. 1833.) Fairfax Baptists to Meet. FAIRFAX, Va., September 22 (Spe: cial) —The quarterly business of Fairfax Baptist Church will tonight in-the church. - Tt Juvasivaava SLASH N FREIGHT RATES ADVOCATED I. C. C. Examiners Recom- mend Revision in Rail and Water Schedules. By the Assoclated Press. Two Interstate Commerce Commis- sion examiners today recommended to Lakes be revised, in a majority of in- stances downward. : “The railroads, acting under the di- rection of the ¢ommission in connec- tion with recent revisions of rates in Eastern, Illinois and Western trunk line territories, filed rates for combination rail-lake hauls which were protested by many cities in the West and Middle ‘West. Examiners William J: Koebel and Arthur 8. Parker, to whom the case was, assigned, today recommended a complete revision of the rates which would bring reductions of from 3 to 10 cents per 100 pounds from New York and New England ints to Duluth, Marshall, Minneapol and St. Paul, Minn.; Eau Claire, Wis.; 8t. Louls, : Bemidji, Minn.; Fargo, Devils Lake, Bi marck and Williston, N. Dak., and Aber- deen, Lemmon, Sioux Falls, Mitchell and Rapid City, S. Dak, and in some instances from one or more Eastern points to other Western cities. Recommend Rate Zones. ‘The examiners also recommended the commission divide the Eastern section of the country into zones for making rates, including lake hauls, with some variation between the individual zones. The Eastern zone, known as area A, would include all of New England, north and east of the Pennsylvania railroad from Erle, Pa., through Corry, Pa., to Baltimore; thence east of the Baltimore & Ohio to Washington and along the Potomac River and Chesa- peake Bay. The rate between this area and Lake Superfor docks would be 15 cents less than the corresponding all-rail rate. Eastern area B would include the portions of Pennsylvania, eryl.lnd,[ Virginia, West Virginia and Ohio south and west of area A and east and north of the Baltimore & Ohio from Cleve- | land through Akron to Uhrkmvme,w Ohio; thence over the Pennsylvania. through Jewett, Ohio, to Oakdale and McKeesport, Pa.; thence over the Bal- timore & Ohio_to West Virginia Cen- tral Junction, W. Va.; thence direct to Strasburg, Va.; thence over the Balti< more & Ohio_through Winchester, Vs., and Harpers Ferry. W. Va., to, but ex- cluding, Washington. Lake-Rail Rates Lower. western points would be 10 cents per 100 pounds less than the all-rail rates. Eastern area C would include - tions of Ohio, Pennsylvania, Maryland and West Virginia south of area B, east and north of a boundary formed by the Baltimore & Ohio from Uhrichs- ville v.nmu‘;'r;l Holloway and Blaine, Ohio, and eeling and St. Marys, W. Va.; thence on an air line to Lamber- ton, W. Va.; thence over the Baltimore & Ohio through Clarksburg and Graf- ton, W. Va,, and Oakland, Md., to West Virginia Central Junction. There would be no difference in the rates from this area. The examiners also recommended an arbitrary charge of 30 cents be added 10 the rates recommended to and from Duluth on freight from the East to St. | M Paul and Minneapolis, and that be- tween the Twin Cities and the docks,at Lake Erle ports on traffic in directions the following arbitraries be charged: Buffalo-Erie, $1.20; Cleve- land, $1.24, and Detroit, $1.19. For freight to be delivered within the boundaries of any lake seaport the ex- aminers recommended an Arbitrary charge of 3 cents per 100 pounds from the docks to the delivery point. On dairy products, which the exami- ners treated separately from other types the recommendation Wwas that the rate on minimum carloads unds be 60 per cent of the cl correspon« lass 1 rates. PLANS PARDON PROBE OF MUNCIE MAYOR Justice Department Also Acts on . Alleged Framing Case of Police Chief. By the Associated Press. Acth on claims the case was "!n.me!:f." the Department of Justice has asked for an investigation of the merits of a pardon application for George R. Dale, militant mayor-edi of Muncie, Ind, and Frank Massey, police chief, convicted of & liquor con= spiracy. p’l'hey department forwarded to Val Nolan, United States district attorney at Indianapolis, the petition for a pardon from the 18-month sentence and remission of the $1,000 fine im- posed n each, and directed him to mm"fi. recommendation on what action, if any, ghould be taken. The convictions more than & year ago in Federal Court in Indianapolis were upheld last month by the United States Circuit Court of Appeals in Chicago. Unless a stay of sentence or :flg&dtzgumnudmlmhcom- Dale became nationally known sev- eral years ago when he beeame in- volved in contempt of court proceed- ings in Muncie, which resulted in an attempted impeachment by the In- diana General Assembly of Clarence R. Dearth, then %fl the Delaware Circuit Court at cle. Effors to obtain a g:;dan are being supported Z.Bemwr Nuys, Demo- crat, of Indiana. PROFESSORS DRAFT FORMULA TO END TURMOIL IN CUBA __(Continued Prom First Page) supply 300 rations a day to the opposi- tion army officers who have besn bar- ricaded within the National Hotel for are to be delivered by truck at the “fire line” between the he- leaguered officers and the soldiers sup- porting the government, who are guarding the hotel to see that they don’t get out. This plan was effected the .Rotarians. throy .Rof A reporter for El Mundo got into the hotel and found the officers in the hest of spirits, although they were indig- nant at reports that members of the A. B. C. radical group were thelr automobiles and searching their Strikers at the American. i85 o anifesto caling on e S0 a manifesto calling on labor to imitate their example and effect » Soviet organization. SUMMONED TO HAVANA. ! days. He mn&mmm l | the commission that freight rates by | rallroad and water across the Great! Da.aa, 5 "\ 'Officer Dies COMDR. WILLIAM M. IRWIN. COMDR. W.M.IRWIN, RETIRED, SUCGUMBS Officer Served 34 Years After Graduation From Academy. Comdr. Willlam Manning Irwin, U.8.N., retired, 84, died yesterday at his home, Stoneleigh Court. He served in the Navy 34 years, ashore and afloat. Born in Painesville, Ohio; in 1849, the son of Thomas and Ellen M. Irwin, he attended schools in Painesville and Poughkeepsie, N. Y., and was appointed to the Naval Academy from his native State in June, 1867. He graduated from the Academy in 1871, and was commissioned an ensign in 1874, serving on ships in the Pacific and Atlantic stations for several years before being assigned to the Nautical Almanac here in 1878. In 1885 he was attached to the Navy Yard here, and a year later went to the Navy Depart- ment, Bureau of Equipment. In 1889-90 he was aide to Admiral James Gillis, commanding the South Atlantic Station, and in 1891 went back to the academy as assistant instructor in mechanical drawing. He returned for service at the Navy Yard here shortly afterward. When he was commissioned & lieu- tenant commander in 1899 he was sta- tioned at Bethlehem, Pa., as inspector of steel used in bufldm‘fl avy vessels and after the Spanish War he went aboard the U. S. S. Marietta as execu- tive officer, going to the Philippines, where he became captain of the Navy Yard at Cavite. In 1900 his health became poor, as & result of Philippine fever, and he was sent to the Naval Hospital at Yoko- hama, later coming to the Mare Island, Calif., Naval Hospital. He was retired because of bad health in 1901 and much of the time since he had spent in ‘Washington. He is survived by his widow, Mrs. Bessie Barbour Irwin; a son, Harrison Barbour Irwin, and two daughters, Miss Annie Barbour Irwin and Mrs. Thomas B. Larkin, wife of Maj. Larkin, U. 8. Army Engineers, stationed at Vicksburg, 1s8. PFuneral services will be held at St. Matthew's Church at 10 a.m. tomorrow, followed by burial with full military honors in Arlington National Cemetery. CHURCH FIGHT FLARES Pajama-clad Member ‘Women Kicked Her. JONESBORO, Ark.. September 22 (#)—Warrants charging two women members of the Strife-Torn Jonesboro Baptist Tabernacle with assault and battery were issued today as an out- growth of an alleged threat by Miss Fern May to stage a pajama parade down the tabernacle aisle. Miss May, in swearing out the war- rants for Juanita Caldwell and Labelva King, memboers of Rev. Joe Jeffers faction at the tabernacle, charged they struck her face, scratched her and kicked her down the church steps. She was attired in pajamas. The con- gregation has split into two factions— ® ute over the pastorate. DE PINEDO IS BURIED ROME, September 22 (A).—A full| military funeral was accorded yesterday to Comdr. Francesco De Pinedo, Italian | fiyer, who was killed in New York at Avers tor | the start of an attempt to establish a new long-distance record. The body arrived here by rail from Naples, where it was taken by steamer from America. The body was en- tombed at Verano Cemetery in the pres- TSOVIET DEMANDS | Davis’ party. | Premier of Norway Presides As 76th ence of government and Fascist party officials. HALT GRAIN PARLEY Delegates Stumped as Rus- sia Insists on Double Export Quota. By the Assoclated Press. LONDON September 22.— Russia stood pat today on her demand that she be allowed to export about twice as much wheat as has been allotted to her under the international wheat agree- ment, and a meeting between the rep- resentdtives of the Boviet government and of the “big four” exporting na- tions broke up without getting any- where. The original figure set for Russia Wwas 44,000,000 bushels. The Russian delegate, having made known his claims, departed before the conclusion of the meeting, leaving the others to decide what they were going to do about it. Other nations participating were the United States, Canada, Argentina and Australia. The United States was rep- resented by John Van A. MacMurray, Minister-designate to Rigs, and Loyd V. Bteere, who has been the American agricultural attache in Berlin. After the meeting it was said in an authoritative quarter that the Russian stand presented the hardest nut the ' conferees yet have had to crack. Representatives of the exporting na- tions expect to meet again next week to see if they can get any further with the problem. Meanwhile, some of them | may consult their governments for guidance. It is not expected that there will be | any developments making it practical to expand the total of 560,000,000 bushels agreed upon as the export figure for the entire world. The status of the European wheat crops now has been determined, but it was sald in American quarters that more may be known about the Argen- tine and Australian crops before the next session of the full International bAedw;_?ry ‘Wheat Commission Novem- T 27. THREE-POWER PACT ON ARMS REPORTED REACHED AT PARIS (Continued From First Page.) were Sir John Simon, Stanley Bald- win, British cabinet member, who came to Paris from his vacation at Aix-les- Bains, and Cfln. Anthony Eden and Alexander G. M. Cadogan, British dip- lomatic representative. After a three-hour talk at the em- bassy, with Mr. Baldwin smoking his pipe and listening but not participating officially, the French and British rep- resentatives went to the foreign office, where a three-power conference began with Mr. Davis. A | The American representative had with | him Hugh Wilson, American Minister | to Switzerland; J. Theodore Marriner, counselor at the American embassy here, and Allan Dulles, member of Mr. LEAGUE COUNCIL MEETS. Session Convenes. | GENEVA, Switzerland, September 322 | (#).—The seventy-sixth session of th League of Nations Council began today under the presidency of Dr. Johan ‘Mowinckel, premier of Norway. It was announced previously that Dr. Raoul A. Amador, ama's Minister to Paris, will preside at the seventy- seventh session which begins early in October after the election of three new council members. . Amador was consul general in New York for a long time. ‘The famous glass room of the League Building was crowded today as the meeting began with prospects of & period of intense activity. PARK REPORT DESCRIBES “OUTSIDE” C. C. C. WORK Assistant Director Tells How Men Fight Forest Fires and Re- move Poisonous Plants. By the Associated Press. How the Civillan Conservation Corps 1s earning its keep in the forests of the Nation with work “outside the line o: duty” was explained yesterday in a report submitted by Conrad Wirth, as- sistant director of national parks buildings and reservations, to Robert Fechner, C. C. C. director, on August activities of the corps. Besides fighting -some 3,000 forest fires and assis materially in flood rescue work in Western States, Wirth sald the groups’ work included remova! of 1,400 acres of fire hazard, clearing of 675 acres for public camping, treat- ing 6,600 acres for control of tree and plant insects and diseases, and re- moval of 300 acres of poisonous plants. Woman Charged With Fraud On Way Here to Stand Trial Mrs. Mary Purdy, 60, Taken From Detroit Hos- pital Under Care of Nurse. Is Accused With Husband of Obtaining $10,000 Under False Pretenses. Mrs. Mary Elizabeth Purdy, charged with obtaining $10,000 from s Wash- ington woman by leading her to believe she would share in a vast but mythical fortune in England, will be taken from a Detroit hospital today and brought here under a nurse’s care to face an early trial. The incoming train from the Michi- gan city will be met at Union Station morning by deputy tomorrow United States marshals, who will take the ,60-year-old woman to Gallinger Hospital in an ambulance. Mrs. Purdy, who is sald to be seriously ill with heart trouble, will be kept at the hos- pital until her case can be heard in District Supreme Court. Assistant United _States Attorney Chorles B. Murray, who is handling the sald he did is m%mflff.‘ They will er. The couple was located in after a nation-wide seorch by Florence Means Kay, 1840 Mintwood | falsely telling her Mrs. N g E g5t f 9 Lo £ g g avored sey, to avoid the transfe ; { ] §§§?§ ] Medal for Lo ng’s Socker OWNER OF FIST ABSENT AT PRESENTATION. ROOSEVELT ASKS FOR WORKS PLANS Message Read to Mayors’ Convention—Seattle Raps Allocations. By the Associated Press. CHICAGO, September 22.—President Roosevelt told mayors of the Nation's largest cities today to bring in their plans for using the $3,300,000,000 Fed- eral public works fund and the Gov- ernment would allocate the money with all possible speed. The President’s message was read at the United States conference of mayors Just as Mayor John P. Dore of Seattle, had finished a declaration that the Pa< ! cific Northwest was slipping deeper into IS T OLEMN" ceremony at the American Numismatic Society, New York, yesterday, when a medal was presented to that famous but mysterious owner of the fist that socked Senator Huey Long at a Long Island party several weeks ago. founder of the movement for a medal, of the soclety. At right is George PEAGOCK TWO UP FOR FINAL ROUND District Golf Champion Leads Field at Indian Spring. Richard Lunn Second. Roger Peacock, Indian Spring star TN L of a; tourney bei plared at Indian sprEzn Cau:{ry cllfil‘, two strokes in front of Richard Lunn of Chevy Chase. ock scored a 71 over the third round of the tourna- rnrenzt2 5lhla'-mm-nl.n for a 54-hole total of . unn, Wi is the stepson of Benator Wallace White of Maine, scored a subpar 70 to pull up from fourth place at the end of the second round yeste: to a position within two strokes of the defending title holder. Lunn's total of 54 holes was 227. His 70 this morning, one stroke under Er. was the finest round yet played the championship. Maj. Richard K. Sutherland of In- dian Spring, who tied with Peacock for hugule‘d at the end of the first 36 today for an 80, and was nine :?cflklf‘ the leader, with a 54 lwl.t"&kt: Other scores were: John R. ggfiermg’t‘m‘slso—l?—ufl: Dr. L. 8. 3 n Spring, 162—81—243: Bil Detwiler, Congressional, 15H&—2«l.1y NEW YORK PREPARES TO HOLD EXCHANGE UNDER COMPROMISE (Continued From Pirst Page.) water tax rate and a tax of one-quar- ter of 1 cent on assets of sa m ufnnd fire insurance ‘:::! Terminal May Be New Site. Selection of the Pennsylvania Rail- road passenger terminal in Jersey City as the temporary site for the New Jersey Stock Exchange was freely fore- cast in usually well-informed Stock Ex- change quarters this afternoon. Several commission houses were ar- ranging to have their order rooms transferred to Jersey City and were negotiating for office space and tele- phone wires. Brokers sald that trading would start on October 2 with a list of 25 active stocks which would be en- larged as rapidly as possible. Trading would cease In New York in issues moved to New Jersey, it was explained. The Governing Committee of the Ex- change was expected to meet late in the day, and, barring some last-minute change of plan, several Exchange mem- bers understood selection of the Jersey site would be announced following the meeting. It was pointed out that the site could be reached within a few minutes by both ferry and tube from lower Manhattan. It was expected that the stock ticker would quote both New York and New prices, inasmuch as there would be no duplication of trading in indi- WOl obvi sef up a separate ticker system. o In the meantime, Stock Exchange were they 1 moving to New Jer- New York State stock ler and income taxes in effect. S Some leaders in the financial district feared dire consequences to the Wall Street area of the city, should the Stock Exchange be removed, lock, stock and barrel. Banking Center May Shift. It was explained that the Stock Ex- been the chief factor in district De Zayas, , played poorly on the third round | That chair is where the medal recipient would have sat, if the donors knew who he was. Owen P. Whil ite, is giving it to Edward Newell, president who designated the medal. —A. P. Photo. ENTZ ASKS COURT TOEND SCHOOL BAN :Father of Children Involved in Vaccination Case Seeks Mandamus. | H. H. Entz, who for nearly a year has | and present holder of the District ama- | been trying to enroll his two children !teur golf championship, this afternoon | in the District public schools in the ace of vaccination requirements which e school authorities charge he has {not complied with, today filed mandamus | proceedings in District Supreme Court | against certain school officials in an ef- | fort to force their enrolliment. The ac- | tion was flled through Daniel S. Ring, | his attorney. | __The suit names specifically Robert L. Haycock, first assistant superintendent | in charge of elementary schools; Selden | M. Ely, supervising principal of the fifth | division, and Miss M. R. Lyddane, prin- ipal of the Gage School, Ring said. Entg's two children, Barbara, 8, angd | David, 7, yesterday were barred from entering the Gage School by a group of janitors stationed on guard. The bar ‘against the children was placed by | the school authorities after the District Health Department had certified the two children have not been “duly vac- cinated” as required by law. Mr. Ring | said today the children were revacci- Miller, | nated last June 9. A former mandamus suit against the District school authorities was lost by Entz when it developed during the hear- ing of the case that lodine had been applied to the vaccination wounds of both children immediately after the operation and that this application had p:evdenned the vaccine from taking effect. . CLUE IN LINDBERGH KIDNAPING CASE IN PARIS COLLAPSES (Continued From First Page.) establishing regular air routes between America and Europe. The Lindberghs hitherto have surveyed possible routes over the North Atlantic and Scandi- navian countries. Col. Lindl h said he would have to return to United States before giving final judgment on the project. He said there were difficulties, but be- lieves such air connections can be ar- T Antwerp Investigates. NEW YORK, September 22 (A).— Police learned today from Washington that the American consul general at Antwerp, Belgium, was investigating an exchange of American money, be- lieved in some quarters to have been part of the $50,000 ransom paid in the Lindbergh kidnaping case. ‘Two men, a Belgian and a Swede, the information from Wi , have Dbeen detained by the Antwerp authorities. They were have exchanged a sum of American money for $1,000 at a foreign money e e. Col. H. Norman Schwarzkop, head of the New Jersey State - pol who directed the search for the kidnaped baby, heard of the incident only through m':‘paper mflumn, He com- municated with the New York police, who learned from Wi that the consul general was investigating. TAKEN FROM CONSIGNMENT. Stolen Note Traced; Court Doubts It Was Part of Ransom. BRUSSELS, Belgium, September 22. (P)—Investigation by authori- the statement, and the further investigation was launched. It was understood here depression because of delay in allocate ing the public relief money. “The impetus of recovery is collaps- ing,” Mayor Dore had said. “The rea- son is that we can’t get help from the public works fund. I don't believe the President knows it, but the N. R. A.. 80 far as the Pacific Northwest ix cop- cerned, has ended.” Mis:rost Blamed. Mayor Dore declared mistrust of Fed- eral officials in the honesty of cities caused delay. He said Senator William E. Borah had openly declared such a mistrust and the Public Works Federal engineer for the Seattle district had been re- quired before appointment to fill out a questionnaire telling whether he had conflidence in city and State offictals. “The City of Seattle had $400,000 and the State of Washington a similar amount for public works,” he said. “Every day for seven days we tele- graphed Washington an inquiry about whether the Pederal Government would give an amount equal to 30 per cent of that $800,000, as provided by the pub- lic works bill. “We never got & reply. Some one in ‘ashington was afraid to answer.” Curley Backs N. R. A. Mayor James M. Curley of Boston told the executives that they should do everything in their power to speed the national recovery act pregram. He further admonished them to direct to the best interests of the people the ex- penditure of the billions of dollars in Federal funds provided fcr public works {and unemployment relief. i Several mayors from the West and Midwest brought to the conference complaints that Eastern citles were ob- !ll]fi\nt 10; guch of we Federal fund. ayor emmes Walmsley of New Orleans called for establishment of a Federal y to provide cash and credit for municipalities, carrying on | the work of the Reconstruction Finance Corporation, which has ceased making loans. Quick Action Asked. “If it is to serve its real purpose,® Mayor Walmsley told the co%ferencz. “that new agency must be made avail- able quickly.” The New Orleans mayor commended the aims and accomplishments of the national recovery act and the $4,000,- 000,000 Federal public works fund, but declared Government in individual com- munities was fully as needy of financial assistance as is any industry. Pointing out that cities must provide 70 per cent of the money for new pub- lic works under the Federal program, Walmsley said many municipalities had insufficient funds to participate. He sald many States were in no better condition than the cities and Imight el Gike 0reS Spbrttertn Do e over short-| of States as well as cities. Roosevelt's Message. The Roosevelt message follows: “May I send through you my personal greetings to the mayors who are assem- bled in Chicago. I hope that during your deliberations you will consider carefully the relationship of your States and subdivisions to the recovery pro- gram of the Federal Government. Con- gress has appropriated three billions three hundred millions of dollars to fi- nance a comprehensive program of pub- lic works, in part for Federal projects. Approximately one billion six hundred millions already have been allocated. We are at the point now where the States and municipalities interested in public works projects should come for- ward quickly with proposals which will give immediate work to their unem- ployed. “We want to co-operate to the fullest possible extent and I assure you that after your projects have been passed upon by the State Advisory Boards thev will be acted upon in Washington with a minimum of delay. “We will match speed with you. The money is available and we want to put men to work. “I wish the mayors all success in their deliberations and I especially hope that these deliberations will result in & stimulation of interest all along the line on our public works program.” N. R. A. DOOMED, S-AYS HOAN. Milwaukee Mayor Declares End of Profit System Only Cure. MILWAUKEE, September 22 (®)— Daniel Hoan, Milwaukee's Socialist mayor. told the International Associa- tion of Public Works Officials today that the national recovery act was doomed to failure, noble though its purpose, because mere regulation of private bus- iness was not enough. ‘The only way to put an end to un- employment and close the gap between overproduction and underconsumption, he said, is to abolish the profit system and give to those who produce wealth all the fruits of their labors. President Roosevelt, he said, was sent to Washington by a political revolution that spelled the end of the philosophy of “rugged individualism.” “We are facing the death of the cap- italistic system,” he declared. “Fortu- nately we had the ballot to save us from violence. People won't go hungry long.” n’I!he individual industrial giant was a necessity of the past to teach us to produce, the mayor said, but he has outlived his usefulness. “Now we have to find a sensible way to get rid of the stuff,” he added. BAND CONCERT. By the United States Army Band this evening at the United States Capi- tol at 7:30 o’clock. Thomas F. Darcy, hssociate leader conducting. March—“Colt's Armory” «.Smith “First Norgegian Rhapsody’ h ‘ Christiansen A modern composition, based on Nor- Duet for cornets, “Concert Polka”.8hort