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, IotwH a Cm T\wrwimj. OrUWr IV. 1«M News Review of Gurrent Events the World Over Dleakley and Lehman to Fight for New York Governorship \ —Communist Candidate Browder Jailed in Terre Haute—France Devalues the Franc. By EDWARD W. PICKARD C W.it.rn N«w«pap«r Union. William F. Bleakley 13 EPUBLICANS and Democrats ^ of New York state met in con vention at Albany and Syracuse re spectively, selected their state tick ets and started on a hot campaign. The Republicans entered the fight under a new leader for they named William F. Bleakley of Yonkers, supreme court justice, for the governorship. T h * fifty-two-year- old jurist prepared to resign from the bench and take command at onc^. Col. Ralph K. Robertson of Buf falo was nominated for lieutenant governor, Nathan D. Perlman of New York city for attorney general and John A. May, Gloversville, for comptroller. The convention at its evening ses sion heard Col. Frank Knox, Re publican vice presidential candi date, in a strong attack oi the New Deal. The Democrats re-nominated Gov. Herbert H. Lehman, and his can didacy was warmly espoused by President Roosevelt, who went to Syracuse to deliver his first speech as an avowed candidate The Pres ident took occasion to deny again that he seeks Communist support and alleged that issue was a "red herring’' dragged across the trail by his opponents lecting a $2,500,000 ’'windfall" tax, levied in the revenue act of 1936, to recover processing taxes previously assessed under the AAA but later ruled invalid by the supreme court. Judge Baltzell said that he found various "unusual circumstances" creating a doubt as to the possibility of the packing company's having adequate remedy at law in some other court. Because of this, he said, it is imperative for his court to grant the packing company the right to sue in federal court. The decision is said to be directing but not controlling in other similar cases in the district. Dismissal of the injunction suit was sought by the government on the ground there is no authority in law for restraining collection of a tax. wound op fca the first quarter of the 1W7 fiscal year with a deficit of MW compared with a deficit of more than IMO.OOO.OOO for the same period last year. Receipts in the July 1 • Sept. St eriod were $l,llt,19t,M8, com pared with $M6JM,S06 last year, while expenditures were $1,635,- 900,816, against $1,815,219,471. Gen eral expenditures were $1,047,514,- 060 this year, compared with $939,- 977,775 last. Recovery and relief ex penditures amounted to $588,395,755, compared with $875,241,695. Income tax collections for Sep tember will amount to about $287,- 000,000, against $231,000,000 last year, and for the first quarter of this year approximately $358,000,000, compared with $278,000,000. Miscel laneous internal revenue netted the government $617,307,783 in the July 1-September 28 period, as compared with $517,986,451 last year. The public debt at the end of the month stood at $33,831,790,000, com pared with $29,423,624,000 on the same date last year. Natioml Topics Interpreted by William Bruckart National Proso Baltdlng Washington. D. C. We Borrow a Billion QEN. FRANCISCO w furious Spanish F RANK KNOX. President Roose velt and A1 Smith, all on the air the same evening, provided a political feast for radio burgh, reiterated and substantiated that New Deal A PPEALS filed by the national labor relations board offer the Supreme court five new opportuni ties to pass on the constitutionality of the Wagner labor relations court. The board asked the high tribunal to review rulings in a case involv ing the Jones it Laughlin Steel cor poration of Pittsburgh, two involv ing the Freuhauf Trailer company of Canton, Ohio, and two affecting the Friedman-Harry Marks Cloth ing company. New York. The labor relatious board lost all five ci in lower courts. C RANGE at last cams to the coo- 1 elusion that It could no longer support the franc and Premier Blum’s FRANCO’S Fascists reached the ancient city of Toledo and drove out the government troops with shell and bayonet. The rebels fought their vay through strong defense and as they reached the center of the city there was a great about from the Alcazar. Out of that battered citadel rushed the ragged, battered and half-starved ca dets who had with- Oea. Franco stood a terrific siege for almost ten weeks. This heroic garrison joined the insurgents in charging tha de fenders and finally the Socialist troops scattered and fled south ward over the Tagus river. Their way to MadAd was blocked by Franco’s columns. Fascist bombing planes made eral destructive raids killing a large number of the ciu- tngs and damaging two warships la the harbor. The enraged govern- neat sympothisers demanded that Fascist hostages held la tha city w executed la reprisal, and finally a of anarchist amasom pa a vessel ea which kept and brutally slaughtered tit ef them after put ting them la the lari ere. Tha see- thetr way la a prison la kill 69 women hostages whoa they were dispersed by civil guards That tha t^omwk geverumeal re> th lea Ms precanews situeOai IS ew daored by Ms predasaetias order tag Madrid la prepare far p siege, tot ed bp p momtmeo calling ah pm pryeae, aemea aa eeti as assn, la rally la the defenee of the capital. Washington.—Mr. Secretary Mor- genthau lately has gone into the money market to borrow approxi mately one billion dollars. He asked the banks and other people having idle money to purchase four hun dred millions in new government bonds and at the same time asked them to extend loans totalling about $550,000,000 that matured on Sep tember 15. The maturing securi- 'ties, of course, do not take new money out of the money market, but it is borrowing just the same despite the technical name of re funding. The Treasury’s action in borrow ing such a huge sum at this time came as a surprise. To many finan cial authorities, in fact to most of them, there was no need for bor rowing additional funds at this time. It was a circumstance in which, as far as most observers could see, the Treasury had idle money in suffi cient amount to meet the needs for the next several months. Aside from the fact that the Sec retary’s action results in an increase in the public debt by the amount of new money borrowed, it is a matter deserving more than passing atten tion — much more attention than Treasury borrowings heretofore. The reason is that the administra tion is again piling up in the Treas ury a huge amount of Idle funds. As nearly as I can calculate the re sults of the September borrowings, the Treasury will be left with a mere $1,700,000 In unused cash. Of course, to the Roosevelt admin istration which has dealt only In bil lions. this bum may not appear Im portant Mr. Morgenthau said II was necessary to have these funds available because of "uneettled con ditions” abroad But that answer, le me. does not suffice I recognise that moat people And little Inter set in disruesing Treas ury financial pofic*es I knew from the type ef letter r that I get from these whe do me the honsr te reed these reports that the subject of Treasury finance seems far re- ought to defend—tha type of govern ment that we have. Neither Stalin nor Hitler preaches our type of eco nomic thought. In view of that, Americans surely ought to tighten their girdle and take a definite stand for the preservation of our tradi tions, our practices, because it is under those traditions and prac tices that our nation has grown great. • • • I have been a little bit dis appointed that Mr. Roosevelt and . M r. Secretary American Hull of the State Doctrine department have not preached the American doctrine at more length. I am sure pronouncements by them in condemnation of communism or fascism would find a hearty re sponse at the hands of the Ameri can people. It is to be recognized that changes take place in world econom ic and political thought. They are taking place in our country. More are coming. But I condemn tha practices of communism and fas cism because they have ruined the lives of all excepting a few people in every nation where those poli cies are operative. They will de stroy the independence of thought and action, the happiness, t^at we have come to know in this country as a natural right. In negotiations with foreign pow ers, Mr. Roosevelt has not been fortunate. I think H Is generally agreed among observers that the President fumbled the ball when he failed to take advantage of a splendid opportunity to deel with France end Great Britain when he first became President Likewise. I know there are many studenta whe are convinced the! the Presi dent by hie own ects broke up the London economic conference in the summer ef 1133 end with the coi ls pee ef that London meeting went any hope for an early recovery from the deproeeam <a a world beam The war debts fifiooUan ettO Kangs i sir The rerognitma of Raw- Greeley Wished to Share With Others When Horace Greeley was la Greencastle. Pa . to deLvet a lec ture, F. M. Ritezel, a Warren, Ohio., editor, went over to aak him if he would also address a gathering in Warren while ha was in this region. The two men were walking along the street in Greencastle, Ritezel urging him to come te Warren and Greeley eating a peach. When the immortal editor finished the peach he threw the stone carefully into a field so that it might take root and develop into a tree. As he did he said: “There, somebody may have the good of it.’’ TIRED EYES J itJ' W' wm* Reason Enough Man is the only animal that blushes. The other animals don’t need to. LOOSENS TIGHT SCALP Mxiuge pure, mow-white Mote lint lata your acalp to iooaen k; prevent drynot and dandruff. The 10c aiae contain* JVi tiaea aa auch aa the Sc aae. Demand Moroline Faith’s Work Faith may treats mountains as well as move them. A Three Days’ Cough b Your Danger Signal _ _ to take a vnh anything turn than Man. vtur* warn right la the ef the ia I am roe.i-Mwd tartwd awl data to be jailed Debe waa incarcerated World *ar Browder eaa to make a the radio from Terre Haute, ho arrived m that city tbbed by Chief ef Police James C Yatea and put in the on charges of vagrancy and ’ for tnveatigation" Held with him were Seymour Walden and Wal do Frank, both of New York City, Charles Stadlfeidt. secretary of th# Indiana Communist party, and An drew Kernes of Indianapolis. All were released the next day. Chief Yates, who had the back ing of Mayor Samuel O. Beecher and the Terre Haute Merchants’ as sociation, said neither Browder "nor any other Communist’* would be permitted to air their party doc trines over the local radio station; but David J. Bentall of Chicago, Browder s attorney, slipped into the broadcasting booth and delivered the speech his principal had pre pared while Yales fumed outside the locked door. 1UST as the maritime unions on ^the Pacific coast were about to g- on a strike that would have tied up the great shipping industry, the trouble was averted by the signing of a fifteen-day truce between the employers and the workers and the nominal extension for sixty cayMrof working contracts negotiated aftb* the strike of 1934. The truce provides that maritime unions at the expiration of the pe riod, October 15, would either agree to arbitration of issues involving wages and hours which are not set tled, or relations with employers would be broken completely. The negotiations, handled princi pally by the Department of Labor’s ace trouble-shooter, Edward F. Mc- Grady, will von.inue during the fif teen-day period of peace. IN WHAT was said by court at- 1 taches to be the first important ruling anywhere on numerous suits filed by packing companies and others against government collec tion of the ‘windfall” tax, Judge Robert C Baltzell of the United State* district court at Indianapolis, overruled the government a motion to dismiss s suit foe an mji X.-ANDB gwiemniont began th# ronfisr elioA ef Ik# lends ef Ik# wofciiMy end large estate knfdoe* by 60 00a acre# W#MI !•# #► p»a»srtn# Th# land wOt ■tvtded among Ik# peasantry This IB Ike first step U» carrying em a radical project that has bee# eke bred fisc ten year* Julee f*e#«ameraki. wumeae* ef eg* nctsMisr#. kad a bard figbi before Ike prendenl and cabin at fdnreed the decree Muck preeeurs waa brought te bear om Ike government and confiacauena were M per cent from the amounts by the minister m one-third of the aequaa le In east Galicia, the in the east and south of substitute measure te revalue the French currency but denied the gov ernment's original request for full power to control price rues The government approved the substitute bill, withdrawing its opposition to senate objections to particular clauses In the original measure. The price • Axing problem waa solved in this way: After devalua tion, the government may be given the right to control prices for six months by issuing decrees. These decrees, however, must be sub mitted to the national economic council for ratification. From the Chicago Journal of Commerce is taken this plain state ment as to what France’s action means to the ordinary American citizen: “Reducing the amount ol gold represented by one franc will mean that the average 1 American will be able to travel cheaper in France than for the last two years. French wines should be cheaper in this country and women should be able to buy French perfume for less. That should be true of nearly every thing else that France exports to the United States—unless this coun try hikes the tariff on French ex ports or French prices boom out oi moved from anytkmg m wbirb they ; to a fieri te The tar euocere con poeaibiy hove a# MM oreat But gram, if i there was a program. . tto# rMoim ‘.ami-ng tkom fl trla, 1 feel yielded te ■Thing torouo* N meal to tko metier akonalfi bo di txrvrtoed la i said m tr otk we have nor cems ma#4 ovary ooction of Mm i#mm try torevno 1 #N0f fg'%##M • nk J span M directly lour toe every taxpayer. earn and Ihet le of vttal imp ane#ro Witlugl 1 fiM loot few day* ve fc#w* Mere m tow M oMerta 1 tko te*pay ' U* i wUopae of Ike French CMf 1 or and wbon | refer la it ie lospoyer _ renry Wo Kdiw# 1 refer te every InMrvtd UOl 1# that , Femme* * Dm aeon 0m P ‘VNPto* oaoMfry. bocouso all of iss ore pay CeU Urn mdmed deal ham With mg to to* either directm i or indirect Great Brito to to m2 when tko Trvo**«ri f orrange* ng wMb tko F rvnri 0 to 0 cook balance. M pee* tdoa fbndo kauMp- Yet- • la appnr- upon wbirb tko varsouo govommone #nl |» #fk yeno uhn •til rwioe r tto egencar* may draw m i and economic koaSar 7 «f »*th rongrveaiaMol oppi r Xfpt * * t • III# i##t tl wee year* that ike Ff »* To that aslant M la 1 ihm iMNWjr h#K# flfc# de a groat odort w 1 re* yen deposit in a bonk Bill tth>c KM Ike gold standard —and • we M la quite different Ark# C#4kik lh#? Ha4 aa kelp from we wMil they balance in tko Treaeurj f bee Milo im ! got eland Ike strai n It brings a# return, aa po odt to any- It la el • • ##$6#f 1# 100# hind- body eight thxr i far might ft i# earn rr as A Jiu Swcltesun Ifowkwo*# virtue* • % irtoo ' ' » a r , • r • l uf * But Ut I it ire ur..y ree#ury < far this cask b#l*j CHANGHAI dispatches -My Di# ^ Chinese government has reject ed the latest demands of Japan and countered with a list of demands of its own »that include recovery of Manchukuo and a halt to in creases of Japanese troops L< North China. Negotiations between Jap anese Ambassador Shigeru Kawa- goe and Chinese Foreign Minister ChkVig Chun were at a standstill. The Nanking government through its embassies informed all the pow ers of the seriousness of the situa tion and the probability of inter national complications unless Japan was checked. . . LI IGH ranking officers of the navy ^ and army and many federal officials were present at the funeral of Rear Admiral William S Sims in Washington and his interment with full military honors in Arling ton national cemetery. The war time commander of America’s na- va forces in European waters died suddenly in Boston of a heart at tack. During his long years of serv ice he was a severe critic of naval matters, and, he was given credit for developing gunnery in the navy to r Oftwfnhef two ways t# M got tnotwy » **m*ty. by or by taxing you and mm. During the Roooovolt admin istration tha Treasury hat borrowed about $2 12 for every dollar it has | collected in taxes The result is a ! gigantic public debt There is another result, however. ' that ie not as apparent to indivtdio | als Since the Treasury is borrow- mg money it has to pay Interest on what It borrows. You and I are paying Dus interest in the form of additional taxes. So, therefore, not alone are we being taxed for the money that is spent and which must be repaid, but we are being taxed to pay the interest on idle funds. Mr. Morgenthau’s reference to un settled conditions abroad directs at tention to what is happening in Eu rope and Asia and the link that ex ists between those conditions and our own. President Roosevelt lately has said on several occasions that he tllonuon IIm Condition* Abroad pons or rienen prices ooom out Ol f exC ellence proportion to devaluation. Indirec*^^ P° inl OI excellence ly, franc devaluation may keep Americans from vyar as the act may be a wedge for currency stabiliza tion the world over and more broth erly relations between all rations. But don't lose any sleep over ir un less you are getting an income from someone in France. In that case, since it will take more francs to buy dollars, your income will be cut. Ev eryone should have an interest in developing sound foreign trade and if franc devaluation starts th* ball rolling In the right M AJ. GEN. FRANK PARKER, who won fame for his dis tinguished service in the World war, has retired after forty-six years in the army and becomes vice presi dent and general manager of a Chi cago chain of department stores. General Parker was graduated from West Point, served through tha Spanish • American war and was rommander of th# First division of the A. E. F m the World war. Ha wieo fat did not like to be away from Wash ington more than four or five days at a time because of those unsettled conditions. Every one knows that ^otir foreign friends are rearming. I believe every one realizes as well, however, that each of those foreign nations is in a position where it cannot initiate hostilities. At least, each one is in a position where very great provocation must occur before it can justify the start ing of a war in the eyes of nations like our own. Any one who wishes to examine those unsettled conditions will find at the very bottom two types of propaganda. One comes from Rus sia, the other from Germany. The two types of propagandists, while violently hating each other, are preaching exactly the tame sort of thing They ^are telling Die world that if the world wants peace it must align ttsolf with one or the Other el Die two school* of thought. htcfc typo of prop- un I# miotaaeo if## y##rt on#r mm## aai#i#h## have been made tha# la lake a bold aland nben Dm errors were , first discussed These facta, hew- 1 ever, de net in any way lighten Dm . responatbUity that waa ours aa a nation ut 1983 I refer again le Die London eco nomic conference and the events prior to H in 1983 There were plenty of men in Die United Slates at that time who said openly Dial Die United Slates should move quickly and take leadership in world stabilization of currencies It ap peared for a time that President Roosevelt would take that action but instead he is charged with hav ing broken up the London confer ence because he failed to assume that leadership which he could hayp had. That brings us to the link be tween the United States and the conditions of Europe. Mr. Roose velt, through Secretary Morgen thau, says now that the United States will stand with Great Britain in helping the French. The question naturally arises why did not the United States stand with France in 1933 when France and a half dozen other European nations want ed to remain on the gold standard for Jts currency. Personally, I have never seen any reason why the United States should have devalued its dollar $s was done. If we had not devalued, one thing is quite certain: Maintenance of the gold standard by the United States would have continued to strengthen the currency of those countries in Europe, including France, that desired to continue that currency basis. I have heard it said as well that if the United States had remained on the gold standard instead of de valuing its dollar, Great Britain would have been able soon to have restored her currency to a gold boats. 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