The Clinton chronicle. (Clinton, S.C.) 1901-current, April 06, 1933, Image 6
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PXQE SIX
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'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