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■“^i- /. PXQE SIX / 1 'TH0 CLINTON aiRONiCLt. C^LINTON. S. C THIUSDAY. APRIL 6. 1933 News Review of Curreiit Events the World Over Fresident Scraps Farm Board arid Combines Several - Bureaus Into One Agency; Wins First Round W ith British on Debts. A NATIONMVIPE hoTcott on all I, 3 . ^ \ t riTAT the Prosidont terms thL ' ^ “fhnii cnnlit administration** was rreatod b.v pxeciitive ordor wlilcli. If It meets with conjrressiona! ap provnl. as is expe< led. will ijecoine openitive 'May 27 Tlie “.farm ercMiif ad III 1 n i St i nt ion” re plai es tlie ! e <1 era I farm lioa-rd. t.lie f«‘(l eral fiirin loan lioard and t!ie farm credit act i vi ties'tliat have lM‘en scattered liimn::!' seven dirferetit ;rov erniinoital aL'clieies Tlie •■administration’* will be beaded by Henry MorL'enthau, Jr.. iAitli tlie title of po\enior, and an assistant, for tlie present at least. I’aiil Hester, with the title of commissioner. Henry Morgen- thau, Jr. .“H'be nrijrinnl and present welpht of debt and interest obliL'utions. *‘Prl(^ of (iriinarx commodities and price of nmniifacinriHl poods, botii wlndesale and retail. “'J'be exisrinp volume of production In different staide commodities enter ill" in world triMle. , ' ■ 'I'lie willinpiiess^ of creditors to iiK.l.e iiitern.itlofial loans and tbeir uiit V IlinpnesK to reieive diayment in i.oods .and services “’I'lie (llstrilmtiori in different eoiin trii's of the availaide pidd supplies of tlie world. “Till* disiiarmony iietween tlie stable and fliiciuatinp rales of e.Mdiaripe." Prime Minister Itanisay Maclionald, ot linpland. will fireside at tlie ♦‘<•0110- mic conference and will riiime tlie date for its coriveninp. Jewish busines.s and professional men in Germany has b<vn <d:ii!!p«*d down by ('bancelipr Hitler's Naiio'ml .•soiialist i»arty. jTlie announcement states that ft will la’s! "‘until Jevvbh life in Geriiianv Is paralyzed.” Hit ler’s povernment. while not ofllclally countenancinp the boycott, is not ex- | p«M-ted to Intervene, / •At Nazi headquarters It was said | that the tMiycott “is s purely defensive i measure solely dlrectt-d spninst Her ! man Jewry as retaliation for the anti- ' t'.ermaii caiiqiaipn In foreipn. cfuin tries.", . j ■All over Germany Jewish * owned xhojis and dejuirtnient stores closed their doorsT, and were picketed by storm troo|M>rs. ' / IT S ALWAYS GOOD BUSIN T UK President’s bill providinp for TO USE file eiii|iloyment of iJ.'iOJtOO men P KOGIJK.S.S of tbe farm relief tiill in I tlie si-mite lias been slow. .Sena- trfter tt)rffn‘’tnL^hff.r 'miintp TTf -tniy sinuice of the order that tlie aetivltlej^ ’ si>eediiip up of the [londerous maciiiri of the poveriiment in pnintiiip loans I ^-ry of Hie iifiper house repardiess of to fjiriiiers wTIT tie and farm orpanizatioiis the nlea of Ki>eii;tary uf Airrly^ltlife fully eo-onlTnated. In tlie past. Wallace for sfieed and for tiie jiassape with tlie poveriiment miikinp loans I of tlie lull as orii^iially written liy tlie tliroupli the I ifjiartiiieiit of Apriciil j F’residenf and Ills advisors. ’I'liere Just tiire, tlie Iv. I'. tlie farm board and fP,. ppi ariil j.b’an Kmli rntion of Labor. for tile (iUriMis«*.-^of reforestation and Ollier work in povernment forest re serves and alone Jbe rivers, passed coiipre.ss with Mune aruenifments made tiy tlie s»*n:!te. fine of these amend- l merits removes the state quota re strictions <ui tlie sixty-eipht million dollars reiiiaiiiinp of the relief funds in the haiHls of tlie Iteconstrimtion I'itiaiiee <-or|M»ratii>n. Tbl.s makes it (Kissilile for states fbaf have Imrroweil up to tlie qiioi.i previously provided to continue to liornov until the sixty- eipht million Is evliaiisif^d. In file lionso flm lull was adofTted witliout a ndl rail, but w'ilYyihf* Ile- Iiiibliean^members in opp<)Krtion. Ttila rrppiHHnii ■was* not dircc^Wi-a' luit at the niethmlstvfrulipp the house liy tlie rieinocrprlc majority. It was the first of^Tne adnilnistration hil 1 s 4 = = n I ;'-T that had,/not received non-partisan :: siiiipoitT The bill was stronply o[)- j: 1 fay PresiilepJl CJHjNea of flie Auier- p otlier apem ies, varviiip rates of inter est were <•11:1 rped and different tuir- poses and condii ions were set iin. and under the new repime. Governor .Mor pent hail said, unity of fuirpose and treatment will be obseiwod strictly. lie also d(*cl;ired IlDit all emidoVecs of tlic new credit adiiiinistralion -will be plai eif under l ivil service. Instead <d- u.ider »i pal roll,-ipi* sv.siem as e\ I.st.s in many of the bureaus at t»reseiit • 'I'he executive order issued hy tlie I'residciit direi ted the ahoHslimeiit ^ the farm, staltili/,ation activities ojXlie fartii bo.tnl wtiidi have resuTfed In losses of three liuiidredj ndlllon dol lars. exccjit that lie provided tliey sliould lie cotitliuiecl only to liquidate the left over hohlinps of the board This consists of lliirly million liusbels of wtieaf and tvveiitv elpiit tliousand I evervliody, for and apainst. must liaye ’’ a cliance to talk, and they Imve talked. At this writitip it seems that “a” '’V I liiH will eveiitmilly pass jMIt vvliefher It will fie tlie liill tj>«i passeil tlie bouse, and is ae«-e|ij>ifile to tlie admin i.stralioii. or wlieHTcr it will tie so rad icaily ^•ll.■Ulp'ed^its to lie unrecopnized by its iirppoiicnts. or iinaeceptatile at tbe \\ 1mT»“ Ho use. is for tiie future to rev^>af. D IRKcTOR of the Hudpet Lewis TV. Iioiiplus has complett*tl' the task piLM ^ movi'd (iroposal hales ^ c+4t»m ^Tti a messape to conpreks aecom T>anyinp the order President Uoose vidt said Ills luiriiose was to **maln- taln and sfreiipttivn a sound and per niiinent s.vsteiii of eo-rqierative nprl cultural iredit subject to federal supervision and operated on tbe basis of providinp tlie maximum of aecurlty^ to present and f)ros}s»ctlve Investors In bimtis and debentures restlnp on farm niortpapes or other aprlcnltural securiti«*s all for the |iur|tose of Tu**etiiip tlie credit needs of aprjeui tore at niiniiiiiini ^•osl.'’ Tlie coiisolidalion of these varloii'-' n< tiviffi*s ttndcr one head Is eX(M*cted to result in an administrative savltip,. of approximabdy two million dollar^ a Ve;ir. relief In otlier directions aloiip more rapidly. Tin* for retinancinp farm mort- papes lias taken ffirm and tlie propo sition is for the sellinp of farm mort- pape ImuuJs to tlie extent of from nine to ten hllliun dollars on v hicli tlie povernment will puarantee the Inter est, hut not fhe iirincipal. It is ex- j veter;ins* h runwTnt'w*gunwiiTH»w amidf of revisinp the payment to veterans ' under the terms of the economy bill i piv inp the President dictatorial powers I for such revi«|en. Tfiis revision ellini- tiatc,,« fnuii the fi**n*>|«*n rolls all vet erans with non v».rvice dis;ibllltTe8^>Si4 rediiebs the tuivinents to tliose with service ifisabilities iiy approximately l.'’i per e«*nt. the same pereentape of r**dm*ti«in as that made In the wapes j / Chronicle Publishing made .of povernment employees. I J perteij tff4» - ’^be e<*onomles that either have been, or are exj>e«'ted to l»e, effected cover the reduction of 15 per cent in the wapes of all povernment emidoyees made by the President; reduction in itenetfts and administration TfiMftmTi Tff-ttn* Ilompany 4 4 Publishers.— Printers — Stationers Sir Ronald Lindsay wlnui lie said T ilK efforts of l'uroi>ean nations to camel or prcatly reduce tlie war debts owed to tlie i'nited S^tates are r n, atid it is said I'resident Rouseve!* lias won til* first 'skiiiiilsli to tlie ex tent of coiislderinp world •■coiuunic curl ditions Tiefore any <1 I s c ti s s i ( n of war delfts. .As a result of Mr RiMfscvelt's InsLstiyice J It is rc|Mtrted the B r i t 1 s li povernment has b .a eked d o w ti from tlie iiusition an- nouii<e<l by .Austen Ghaniliei lain, cliaiiccl- lor of tile exclicqiicr that Rritai'n would not swap t'conomic C<uicessi<ins for revision of tin* delit. TIm- r.ritisli are now williiip to dis cuss ec.momic concessions before the delit <|Ueslioii is taken uj). By Virtue of tilts siiddeTi chffiipe oT TfentTbirtTiiT' part of Hie Maid lonald "iTiitdstry. Hie woTbl ecomuiiic conference is likely to he lit Id in April <.r .May insteatl of next summer or auluiim. as tlie Kii ro|i(‘an powers vl^mv pla 1111'tip. Till- I’.rilisli amliJMssadifr. Sir Ronald IJiulsav. lias dis< uss»‘d vvitli .S(*cretary of Stale Gortlidl Hull, the queslionk,|^ to <"obie hefort’ Itie eciuitimic conf**r- eiice before the debt ipii'stion ■ is ia*n- Httlereti. —* Tiie 1-rciicli are also vviliinp to tils rus.s economic qiiosHoiis litdore yon sldcrinp war ih-lits. Kollovvinp a interest will make tlie liorn^ niarl^- iible at a ctvmparalively low intel^sf rate. Farm leatlers liave urpetl a povern ment puarantee of Hie princifial on such a Ifoiid issue, hut such a puar- anfee would make tliciu a *llre<‘t olili- putiou of tlie povernmetLt, and mean .simply an increast* In tiie national delit of nine or ten billion dtdiars. Guar- anteeinp tlie inleri*st only means tliaf shtiuld Hien* la* a complete iltffaulf oh the part of flu* farmers, vvliieli is nevt*r nr'oluiiblt*, Hu* treasury would Imve from three liumired to four hun- ilred niilltnn dollars to pay annuaH.v until the bonds had matured. partments and biireaiia In the admin istrative branch of the povernment, for which the President has author ity. and on which he Is now workinp H 4Kit ,— iiiM Cfinton, S. C. fMtsfal service eronomies. nov*- heinp CfUisidered. When all liave be<‘n com pleted the fnliowinp savlnps will have b4M»n efT**«-ied: llllllilllllllllllllllil S4S0.0C0.0no Veferniis’ heueflts and ad- luiulstiatioii Hc<*rKRni*«tioii of adirinis- tiv«- l>ranch of tho govern- meiil. including abolition of functions fGO.OOO.OflO Reduction In the p.ay of Koverninent einivloyces . .. 125,000,non PqMai service economies.. 75,000,000 r *T^IIKRI' is a pr<»wi!ip boli«'f in Wash- * iliptun Hi.'it the biidpet vviII not he balaiiccd duriiip the next fiscal year bcpimimp .Inly 1. rcpanilc ss' of the economies made by mittinp tbe pay of povcriimenl employees, ^eorpanizalioii of burc.'ius and deparfni<>n(s. and re dncHons fa |ia\meiits to veteratis, anionrifiiip to an e\p«*cted total of come sev«*n liundred millions, and re Total S030,000.0OO AWAKENED .Amonp the new ex|*endittires Hint ^ will tiff.set tlwM* Siivinps Is Hie appr«v- rtatlnn 'Tif flTP-finwlred—uridRop -ilol—- lars as a plft to the stat«‘s to be used for non einplovinent relief, and the re forestatlon plan of the President whleh conpress has aiithorize<|. and which Involves an ex|iendllnre of not l«*ss than two hundnsl million dollars. pardless of an added revenue from Hu* tax on bt‘«*r. estimated at about one hundred and fifty jnillioii. Tlie relief pl ant of live liundred mil Hons provided for in a liill now before eonpress. and Hu* two liundn'd millioiiH for the refore.slalioii plans, will altine I iff set Hie economies. R is prolmliie tliaf the more umiiitions plans of tlie Presiilent will lie financed thronph new bond issues, but there will lie Increased interest charpes and a slnkinp fund to provide for whlcli vvlll run Into tiiin- dreds of millions anniiall.v. Alonp wifir these Hiinps tax yields are fallinp short of estimates because of the continneil prostration of hiisiimss. F l^jjKXK'AN t'oinmunIstR object to The Perfect Serial Josephus as American Haniels ambassador at* Mexico City. Pasters cafitibned “Out with l>aniels*’ have nfipeari'il on walls in the capital. They call him “fbe niunlerer of .Vzneta and Crilie.” These mep were Mexicans wlio were killiMl In the tiphtinp when United States forces landed at Vera (*ruz In IffH. .At that time Mr. Dan iels was s^'cnffafy of the navv. . Mystery • and Love. U .NDFR the authority prantisl liim by conpress the I’resident has or- dcrist a t.'’i isT cent,cut in the pay of aii feileral emplo.v»*es, effective .April 1. ofiTeF aTTiH-ts ttfe” einpld.vws-lh all' Wliite Ifonse cuiifereiice betvv«*en Pres blent Roosevelt and M .lat'(|nes Stern, vice clmlnimn of tiu* timince cbjiimlt tee of tlic Frciicli cluimlier of deputies. ' M. Stern jj.'iid that he had not ^lis ciihm*<I war dclits vvith-Hie President; f that their coineis.iHoii ha.I been con fin<*<l to the eciiiiomic conference Which ^ the deputy Hionplit “If would lie very ! I.rifiortniif to hold as sooiV as run be ‘ nuide fsissihie.” Asked aiioiit the ilelit. lie said “it i would lie very iiiqiortant for France to ’ pay tlie Ib*<*enih<*r Insfalliiunt as s murk of^ res|M*ct to Presbii nt ltie>,* velL Mr. Rmisevelt and Mr Hujl^have t:;ken the poKitiiin from the start that . the war delits lire se<*omliiry in liiqior tunce to the reiiiovul of tariff, eitdiar po. qiiofH, exchanpe and other restrlc- tliiMs on Infcriiritlonal trade. A pri-fiaililory commlsKion naiued foy I he punsiRe of |ircpsirinp an apeii da for the einnomlc isinfereiice hat l|rfc*| fi,j. frdihw’inp aiihjcctf fur eon •iileraliou; . IJ' Senator La Fotlette dollars to lie provided liy tlie federal povern ment and disfriliiiled as unemploy ment relief liy tlie states is called for in a tiiil introduced in tlie Semite liy'S»*fiator.>- Wapiier of New York Gostipan of ('olorado and I.a Folli*tte ol Wiscon.'>in. The lull ’t*r'Avides that tiu* hiipe sum shall he piven out riplit to such states as shall apply for aid. and filaCe.s the re s(KUisiliiljly for s«?e Inp tliaf Hie money Is piven wisely In the hands of H "feder.il trator.” .1 Tills oflielal would lie appointed h.v the President, with the consent of flip ‘•enate. and carry on his diirii*s Inde- (•endebt of any otlier <lejiarflueiif. The Rei'onst ruction Finance eor- iMiration is piven auHuirity, under the bIH. to borrow flu* tiVe hundred mill- loh dollars, lint will have no powers tievond tnrninp the money over to the rt'liof ndministrator. Ten diiys after rhe apiioiiitmenf of the relief execii- t!ve. tile Reconstruction Flnam*e c»vr IMvration v^onld c«‘iiKe to have an.v con trol over the pr.'intinp <if lo.nns to states or municlpnlfties for relief piir- poscH. and thus all of the povc* tW nient's relief flniincinp would lie under the one Jiirimlfctlon. depa.rtinents includinp olliceis and en listxal men in the ariny and navy. Post Olhee de|iartnient. and all others on the povemyient pay rolls, a total of npproxlinately The aniliority piven by conpress provided for such cut as reduced liv inp expenses niiplit warrant tip to a total of 15 per cent. An investipatiou of livinp costs made hy the Depart iiient of l.atair showeil a decrease from .I line .’td of Iasi yepr to the present time of 21.7 |a*r cent. 4»n the strenpfh of that rejmrt the President ordered the cut in. pu.\ to the limit of that ai- lowtsi hy the terms of the ei'onomy law. It Is esiimatisl the savinp to Hie poveriiineni vvMl lie ■ appraximately !A12.'.dtid.t«Ki amiuall.v. 1 Joyce, as she opened her eyes.^on that memorable morniiiK, was equally siirjirised at tHFUlTm, flower-scented air, at the luxurkHis sleeping ^rcTi“ whete she lay and at the diamond circlet on her wedding finger. # Was she married? Was it_summer? Surely the fruit-laden trees shv» could see were not in Chicago—this silk-covered bed was not a hospital cot. Yet—the last thing she remembered was a skidding taxicab on a sleet ing November day in Chicago. . And when a man came and sat op her bed and kissed her goodbye for a hurried business trip, telling her to be careful after her fall from her horse the day. before, her m.vstification was comfrfete. So she was married. ^ ' ' ■ I ’ ' *■ Later she discovered from her toilet articles that her initials are . ;. and that the house :?he lived in was rich—and beautiful. velief .KlminiK HTliKliAL repiilation of new ntock i • ami Imml Issues is |ir«qii»sevl h.v thi* Presiilent. He asks the pas.«:ipe of lep- islatiun that will reipilre the orpatilx- ei*s. pruinolers. Mini s**Ih*rs of the is- * sues to siilunit Gir piililic information j iTs A MASTERFIX STORY . . . .M.ASTERFCLLY TOLD, BY ELINORE BARRY If Y’ou Mitis a Single Installment . . . Y"ou will Regret It, ICs That Gripping a coinplete flnanci:il statement con- ccrniiip tbe atm-ks and Ininds offered. The pro|M»s<*fl law would firovide that full inforiiiation lx* piven on ev- ery pros|»e«ius offerinp sts’iirltles for piililic sale, ami siuiilar information be made av}:ilH.lde at otb^r sources. .Bonus«»s and ^cxunndsslons paid to sel!ei*s would j4so lie reveal«*d to the pijfblii*. .Vo serious *»bje<*tb‘n to the tenns of tbe mi is exp«H*ted In elHier* tin bouse «*r the senate. e 1433. WVsteni t’ntoa. Torn to Page Seven and Keep Up With This Interesting -'1 i'. v ri* if ■ A. ^ K I • .'inwyfcrra