Historical Newspapers of South Carolina

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Hm Banwll Ll: t f If News Review of Current X Events the World Over Hitler Demands Return of German Colonies—American Fleet to Maneuver in North Pacific—Discord » . in World Power Conference. By EDWARD W. PICKARD • W.it.ro Newspaper Union. Adolf Hitler U UNDREDS of thousands of * ■* Nazis, attending the party con vention in Nuremburg, were roused to great enthusiasm by a proclama tion from Reichs- fuehrer Hitler to the effect that Ger many, naving re armed and scrapped most of the Ver sailles treaty, was ready to press its demand for restora tion of its pre-war colonies. This, he asserted, was nec essary to the eco nomic independence of Germany and would be achieved within the next four years. Said the chancellor: "It is regrettable that the rest of the world fails to understand the na ture and greatness of our task. If a certain British politician declares Germany needs no colonies as she may buy her raw materials, then this remark is about as bright as that of the Bourbon princess who, when she saw a mob crying for bread, wondered why—if the people had no bread—they did not eat cake. "If Germany had not, for fifteen years, been squeezed dry and cheat ed of her entire international sav ings; if she had not lost her entire foreign holdings; if, above all, she still possessed her colonies, we could much more easily master the difficulties " Then addressing the convention direct'/, the fuehrer launched a new campaign against bolshevism and the Jews. "Bolshevism seeks to ealerminste governments based on a community of race and blood and replace them by non-Ary an Jewish element at no race." Hitler warned "Sooner or later sovietistlc authority states will end in anarchy. since Jewish eie- Uea. never or g ami mg reconstruc tive ones "The rack of foundation at the elate te an authoritarian will Un limited individual Liberty leads la rrhy Ail slates have eaperv the destructive effects of de al the rate of more than a million pounds a month for manufacture of a butter substitute. Mr. Hull referred the protests to Assistant Secretary Sayre, who pointed out that the provision for free importation of the nut and oil was authorized by congress in the trade agreement act of 1934. He added that the success of the pro gram was of vital interest to the American dairy farmer, "who has more to gain from the re-establish ment of prosperous domestic mar kets for his products through the restoration of an abundant foreign trade than by a policy of excluding even the most remotely competitive products.” 'T'HERE was glee in government -*■ circles when it was announced that the United States treasury of fering of 1914,000,000 in 90 to 23- year two and three fourths per cent bonds dated September 15 was oversubscribed nine times. Of course those who are informed know that the reason is the banks, in surance companies and other in vestment institutions are glutted with money for which they have been seeking profitable employment. Of the treasury's latest offering $400,000,000 of bonds is to raise new cash and $514,000,000 is to provide for the exchange of 1.5 per cent notes maturing September IS. H UNDREDS of delegates, from many nations, were present when the third World Power con ference opened in Washington, with President Julius DorpvnueUer in the chair. Pros pec ta were good for a use ful discussion of the F ollowing cwweiy upon the vts- M to France of Gea Kydi IWnigly of PoUnd. Franc# and signed a military treaty of ship It was reported, too. France hnd agreed to lend tOO MO francs lor completion of Po und s new railroad Unfctng the 5» leeian coat field■ with the port of Gdynia, rival of the Free CHy of Daniig Jooef Beck. Polish foreign min uter. told Berlin the Franco-Polish mcord would have no effect on friendly reUtmns with Germany, but nevertheless there • erable anxiety in Waraa' ir.g Germany s reaction B ACK at hi* after an tllneos of *ii months. Secretary of the Navy Claude A Swanaot. im mediately m*de an announcement that will be of deep interest to Japan The annual II e e t maneuver*. which last M r y were shifted to the Canal Zone as a concilia tory gesture to Ja pan, will be held next year in North Pacific and Hawai ian waters, and probably the Tokio press will yelp again. With the announcement Sec. Swanson asserted Japanese plans to retain overage submarines and de stroyers invdlve a ‘‘violation’’ of the London and Washington naval trea ties, which are to expire December 31 by Japanese abrogation. He fol lowed up his charge with the state ment that the United States has completed plans for tw'o new battle ships and is prepared to begin con struction ‘at a moment’s notice.” The fleet maneuvers, officially cesigrated as "fleet pruolem No. 18,” will be held during late May and early June. The area of opera tions, it was indicated, will be the triangle between the Aleutian Is lands, Hawaii, and Seattle, where the 0eet problem of 1935 v as con ducted. Vessels and planes prob ably will work as far west as the Wake Islands. Armament of the new battleships is at present limited to 14 inch guns, but Admiral William H. Standley, chief of naval operation^, said frankly that i f Japan does not agree to this limitation by next April, "the sky is the limit ” with the but discord crept ta early la the pro ceedings At table debate be regula ownership of ties. M P. Devtd- • •b. Mayor Firrotto La Goardta of Hew York, aaid the only way ta alactnc raiao to by ihr be ownership Three «ate utility men promptly a walk." and John C Dalian, ofer of the Cbunty of Land an trie Supply cnucued D«vuiaaaa aa a ” FIERCE attacks by the r rebels resulted in the capture at I run, oa the French border, and the defenders were mercilessly slaughtered save tor those who wars sbls to taka refuge in France. The town was reduced to smoking ruins, and the victors promptly started an advance westward against San Sebastian, their main objective in the north. Recognizing the fact that this large resort city could not long be defended, the government administration there offered to sur render the place if full amnesty were promised; but declared if this were refused the city would be burned to the ground and the 625 fascist prisoners held there would bo shot. There was great discord among the defenders, the anarch ists insisting on destroying the city anyhow. Then the Basque nationals took a hand, assuming control of the city and sending a lot of the an archists to Bilbao. This move re- gulted in a virtual armistice while negotiations for surrender/of the city went forward. Later it was reported that the rebel forces had rejected the terms of surrender, and shelling of the city began. Tlie civilian inhabitants were fleeing in panic. South of Madrid the government forces were said to have made progress and there were claims that Talavera had been taken and that the Alcazar in Toledo was practical ly batteral to pieces by loyalist artillery. The rebels' advance on Madrid from the south and west was supposed to have been halted. The Madrid government was re organized and Francisco Largo Ca ballero, left wing Socialist, was made premier. French workers in Paris in m great demonstration insisted that the government abandon its non intervention policy and give active aid to the Spanish government. Premier Blum, while not conceal ing his sympathy with the Madrid crowd, declared that if France dropped neutrality, Italy and Ger many would be able to give the Spanish rebels much speedier and more effective aid than the French could give to the loyalists. Representatives of twenty- four powers were scheduled to confer in London on plans for the establish ment of a nonintervention control committee. Portugal, however, was ■till KolHmg out. C REWS of two aKina mu'. Washington Digest 4 KM /£m National Topics Interpreted By WILLIAM BRUCKART mm r* Hi take the vessels to the aid of tha Spanish government forces at Mal aga or Valencia Aa the ships to leave their buoy* the ENATOR GEORGE W NORRIS at Nebraska. Republican* whe The discuss win started to ttoa with a paper by Jebn £ merman, president at the Lsited Gaa Improvement company. held that power yardsticks" as the TV A and Boulder Dam can- ■ ith private utili se c. Swanson similar will already satisfactory In paper view. Prof. William E Mosher at Syracuse university, and Jair.es C Bonrtght of the New York Bute Power Authority, held that public competition with private companies is "indispuUbt# evidence' of de clining faith in regulation ACCORDING to the New York Times, whose dispatcher from Washington are usually moat reli- , able. President Rooaeielt is consid ering for submission to congress, to event of his re-election, a far-reach ing plan of governmental reorgani zation. The plan possibly would in volve. the Times stated, the con solidation or abolition of some of the major departments and bu reaus. "Whatever the President finally proposes,” the Times said, "one may hear in informed quarters now that the regular cabinet posts might be decreased ..." A possibility, the Times stated, would be consolidation of the army, navy and air corps in a department of national defense. "The administration proposes, to follow a definite policy of curtailing or dismantling emergency units that have outrun their usefulness,” the paper continued. to seventy five years old Chairmen Fartey ut the Democratic party said the filing of the Noma petition him "very happy ” Gov. Eugene Talmtdge of gta. severe critic at the New Deal, was defeated for nominatioo as United States senator by the pres- ent incumbent. Richard B Russell. It Washington state Gov. Clarence D. Martin was renominated by the Democrats and former Gov. R. H. Hartley was named by the Repub licans Gov Ed C Johnson of Oslo rado captured the Democratic nom ination for senator and will be op posed by R L Sauter, Republican. Arizona Democrats refused renorm- nstion to Gov. B. B Moeur, select ing instead R. C. Stanford of Phoenix. In Connecticut the Re publicans nominated Arthur M. Brown for governor. A MERICAN dairymen are pro testing vainly to Secietary of State Hull against the reciprocal trade treaty with Bran) which, they assert, is seriously injuring the in dustry by encouragement of the manufacture of imitauo butler Under the treaty. Brazilian to Uni tad Stat C' RANGE’S government has de- ^ cided that conditions in Europe are so threatening that it must spend a huge sum for national defense. So it adopted a program for in creasing the efficiency of the army which will cost $930,000,000 in the next four years. The proposal was made by Edouard Daladier, min ister of defense. The first install ment of $280,000,000 will be dis bursed in 1937. The program calls for an in tensive increase ol mechanized units and also fqr rearmament. Furthermore, it provides an tn- cfease in the size of the professional anny a no the creatio. of a special ized group of long service noncom missioned officer* such as alraady exist in the Fienrh navy. Tha program also provtdaa tor strengthening the iron liar fortifica uons But the chief anil b* nd* to tlto « H EROIC actions and dramatic rescues marked the collision of the excursion steamer Romance and the steamship New York in a dense fog ten miles off Boston, Mass. The Romance sank in twen ty minutes, but every passenger and member of the crew was taken safely aboard the New York. The rescued numbered 268, most of the passengers being women and chil dren from Greater Boston. The New York men turned back into Boston harbor with a twelve foot hole in her bow. There was no panic aboard the Romance, and the officers and crews of both vessels displayed discipline and bravery that elicited high praise. J ULIANA, crown princess of the Netherlands, has found her fu ture husband in a German prince, Bernhard zur Lippe-Biesterfeld. The announcement of their betrothal was hailed in the Haegue with ut most joy. Juliana, who is twenty- seven, is beloved for her jollity and good humor, and also she has been carefully trained for the throne. Prince Bernhard, twenty-five years old, has been working for the Ger man dye trust. “ M RS BERYL MARKHAM of | England put her name on the roll of fame aa the Brat woman to make a solo flight across tha north Atlantic from east to west Sha started from London for New York, cut her fuel gave out and aha was Washington.—The Department of Commerce has lately released its annual "World T rua E c o n omic Re- Picture view,” and again has painted offi cially a picture of general condi tions that I believe to be the most accurate obtainable under present chaotic conditions. I might add that it is one of the few official analyses coming out from the government these days that is not colored in any manner or form. The reason this review is so in teresting is because it points out what can be expected to happen by a disclosure in detail of what has happened in commerce and indus try. To that extent it delivers a rather definite body blow at some New Deal policies affecting busi ness. Since it does this sort of thing, the review is entitled to more faith and credit than usually is ac corded government publications, whether compiled by the Roosevelt administration or those before it. Political leaders always want to put their best foot forward and the New Deal under Mr. Roosevelt has not failed to carry on this tradition to the fullest possible extent. The section of the "World Eco nomic Review" that was most in teresting to me contained this state ment: "Deficits of great magnitude cre ated yearly during the depression to meet pajrments of wages, salaries, interest and dividends sapped the vitality of the entire businear struc ture and could not have been sus tained indefinitely.” Here then is an official declara tion from that agency of the govern ment most concerned with com merce and industry which says that corporations and employers of labor maintained aa far as they were able the payrolls and interest pay ments during the depression. It aays likewise that had corporations failed to do this, our unemployment problem wdold have been much greater, the income of those who hold securities, whether la large or small amount, would not have re ceived dividends on their stocks or interest oa tha bonds and. as a result. M to obvious tha buying pow er at the country as a whole would have been sharply reduced That to to say. had theae payments both to labor and capital, been curtailed there would have been even a tower level of retail huatiieaa than ob tained during the depression It aught to be added aa well that had a tower level of buaineaa resulted, the manufacturing Industrie- from which the retail stores buy their supplies would have cJ their plants In r her than they did Aa ere took back over the or six years N to easy to things could have been very much worse It to easy to recognize that the strength that comae from amassing capital In corporation form has developed In this country on* of the greatest shock absorb ers that any people may have when those corporations, those busi nesses, are permitted to develop under sound management and with as little governmental interference as the general public welfare will permit Now, aa to the reason why these businesses were able to accomplish the things they did: The answer is simple. Managements of businesses must follow the same practices in guiding the financial affairs of those businesses as you or I do in the management of our personal af fairs. • • • This brings us to a point of cur rent interest. In preparing for the n • .n rain y day. ail Kenny Uay business, whether Fund great or small, lays aside a cer tain percentage of its profits. This is called a surplus. The surplus is invested. It is made to yield a re turn in the form of interest or divi dends. It is seldom touched. It is treated just as you and' I would treat our savings accounts—just as we deal with our Christmas savings account. Thus, the arrival of slack times, dull business, no profits, the arrival of the time when we must live on our own fat so to speak, does not find us without a reserve because that'is what a surplus is. The records of the savings bank and of the life insurance compa nies through the last six years show definitely how many hundreds of thousands of people had to draw cn that surplus just as the Department of Commerce statement now re veals how many corporations drew upon their supluses in order to main tain their organizations, pay the workers and be honest by paying the interest on their debts. All of this sounds like a Chautauqua lec ture on savings. But however it may sound, it links in directly to legislation that was enacted in the last session at Congress, a law the lash of after II was by • so-called brain trust at Washington. That .law levies a new tax on corporations. It does not touch us as individuals except indirectly. Tha tax applies to surplus, to the sav ings of business, a savings designed to meet just such conditions as those through which we have gone and which business was able to meet because heretofore it had been permitted to pile up reserves to car ry it through the rainy day. Official figures from the Depart ment of Commerce show that the payments for wages, salaries, in terest and dividends from 1930 to 1934 amounted to $21,288,000,000. In 1935, according to incomplete fig ures, business paid out $1,500,000,000 for these same purposes, thus mak ing the total for five years approxi mately $23,000,000,000. Now, in normal times these fig ures would not prove exciting. Un der present circumstances and those through which we have been passing, they border on the sensa tional. This is true because these payments have been made, not from the earnings of the businesses during the years in which they were paid, but from earnings of earlier good years when a part of the prof its were laid aside as a protection. It would seem therefore that since business has performed a social service of this kind under its own management that it ought to be al lowed to continue. I am convinced that it is a much safer method than to have the federal government mess around through laws such as the tax on surpluses for it must be remembered that under the law which I have criticized, no corpora tion can build up again such sur plus as has happened in the past. I might mention further that the effect at this law is going to be to prevent small corporations from av er growing Urge. I mean by that, if a corporation, through careful management and frugal savings, was able to expand its ptont facili ties. increase tu production and thereby increase the number of worker* It employs, it will be un able to do so. It will be unable to accomplish this for the reason that tha operation of this tax Uw pro* vents II from storing its savings Tha Uw take* such a heavy toll of any stored-up earnings that no cor poration can afford to store them up They must be passed out in dividends during tha year they are earned or else the government puts IU Us hand Into the treasury. One might say that such a distri bution to helpful and undoubtedly in the casee of some owners of curitie* it la holpful But quest; of this kind must be treated in the whole and not on tha basts of isoUt ed cases. Consequently, it takas aa stretch of the imagination to a business to forced to distrtbuW IU earnings, to distnbuU them in good times when a comparatively small number of iU security own ers need the funds—and the result U obviously a shortage of reserve for that rainy day. In other words, a corporation is compelled to be a spendthrift or else pay a Ux that is designed aa a punishment • • • There is another phase of these paymenu by businesses that de- . serve* attention. Show dividend pay Upturn menu, in fact, many of tha earn ings reports of business lately hav* shown a decided up-turn. Thia cir cumstance has prompted Democrat ic Chairman Farley and Attorney General Cummings to enthuse somewhat about business recovery. Each of them insist in recent politi cal statements that prosperity ac tually is here; that it is not "just around the corner,” as Mr. Hoover once predicted while he was presi dent. But there should be some atten tion pdid to the meaning of the divi dend payments and increased earn ings. They should be analyzed. It is true that some industries, like the automobile industry, for ex ample, have increased production beyond the hope of any students of economics and that they have re stored to their payrolls a« consid erable percentage of Jie workers they once employed. Some other industries likewise have moved for ward and promise to get on their feet again in sound fashion. Yet I find a number of authorities in the business world who continue to be doubtful. They fear that the founda tion is not sound. These facts have not deterred Mr. Farley and Mr. Cummings from shouting from the house-tops that this is prosperity, resulting from Roosevelt policies. Their declare Lons, however, are just as falla cious, * ist as political as some po litical pronouncements that I have heard from the Republican side to the effect that business is picking up because of prospects of electing Governor London as President. All of these statements in my opinion are pure hokum for the reason that the tacts generally apeak do bear out any at then* Of IKlERfST TO ffi HOUSEWIFE When making bread and butter pudding, sprinkle each slice of bread and butter with desiccated coconut instead of currants, and strew some on the top. This will make a change from the ordinary pudding and will be found very tasty. Japanned articles should nevet be washed in hot water, as the japan is likely to wash off. Use lukewarm water and soap * * * * Steaming is a good way to cook vegetables, as it reduces the loss of minerals and vitamins. It is also economical, because you can cook several different vegetables at a time. « • • If the stalks of broccoli are too thick, split them lengthwise be fore boiling, so that stalks will cook in the same amount of time as the buds. Broccoli should cook for 20 minutes after water starts boiling. * » * Refrigerator cookies may be wrapped in waxed paper and kept in refrigerator for several days. Make into a roll and slice when ready to bake. © Associated Newepapcrm.—WNU Service. FAMOUS TONIC CREAM QUICKLY TRANSFORMS DEAD SKIN 3 minutes a day remores freckles, blackheads, toot NADINOLA Ciesm actually away the doll, dead cuticle that hides your natural beauty. All yos do ia this; (!) At bedtime spread s this film of Nadine 1* (.'ream over year face—no mawfiPf, ao rabktog. (S) Leave on while you sleep (S) Watch daily Us- provement—eroaOy ia 6 to 10 days yon will aaa a marvelous tramformation Freckles, blackheeda disappear; dell. rcareened akin becomes creamy wkite. mttoeamsUk. lovely! 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