The Barnwell people-sentinel. (Barnwell, S.C.) 1925-current, October 15, 1936, Image 2
,
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. Certainly, the British could
noi have remained off of gold aa
long as they hove if gold coin were
to circulate m the Ugited
1
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