Page Two News Review < Events tli Devaluation of Dollar Brings IS'RA and Steel Indi More Fore By EDWARD T"\EVALCATI<">Xof :) > I :.>.r. a=i the parches* : g Ma: $35 a f.r.e o - *e caused a tcrmci! in the w- Is ::: -t markets and an immediate result was a great fl< w . I b ;l4ik I; n from K? ^ the United sm:-s. $ I The i -urM sterling a and the franc m i i* Wc pair.,'. " g y enough to su : Pre- . d*nt I: sevelc and ^ his c r.-Mry ad-.;?er-. Later both the , 7 .r.i a: : franc de^ clir.ed again. and the _ , "... c: :. '.-i-. a was made Prof. Wjrrer* ;r(. >r T; ? Fr#r.h were alarmed by the drain on their gold and expressed intense resentment against the Azneri .-.a policy. charging that the administratMa was making de liberate efforts to em - irrass Fmdc For the time being the administration was prevented from driving the dollar down tu .:s pr .- ted pari'y points in foreign exchanges by the rising tide of American dollars flowing back to this country. But most nf its financial experts were confident that the oD.'? cents v.ii-.e would be made to prevail after a reasonable time to ai low f. r shake-: own. As for the $35 an :: ce for _M. It is the opinion of Prof. Ge? ?r?e F. Warren. chief deviser of the experiment that is under way. that the figure .znust be raised if prices of commodities are to be put up materially. Frank E. Gannett, the Ii ...uo-ster newspaper publisher, after a visit to the White House and talking with both the President and Professor Warren, said in his Rochester Times-Union that he had been convinced by those conversations "that we shall continue to raise the price of gold" and that the $35 figure probably would succeed only in preventing prices from slipping and could hardly be expected to raise them much. Ky the President's devaluation stroke a treasury deficit of Sl.OtjQ.OOO.OOO was transformed overnight into a surplus Pot SP73.710.037. The cut in gold content of the dollar produced a dollar profit of .r.i2,?W).S7 as of February 1 and a record cash balance of $4,434,713.155.18. pending deduction of the &!.ort already has been made to the President but it has not been elven to the public. The Borah resolution also asked for a study of ! Increases in gasoline prices. /"\VLY ore representative voted ^ no" when the house of repre- j sentatlves parsed on the bill to appropriate SfOi Lfjno.OOo for continuat.on ; j of c\VA and direct relief activities, t The lone opponent was Representative ' ! Oeorge Ii. Terrill of Texas. Democrat. The money is to bo used by the fed- ' ^ral emergency relief administration f r keeping up the federal dole to the idle for another year and for continuing the Civil Works administration until the early part of May. About 500 i millions is to be used f"r the former purpose. It was said, and about 450 ' for the CWA. \1TITH little debate the senate * ? passed the bill introduced by SenI ator Iliram Johnson of California which is designed to prevent the floating in America of prill^ vate loans to coun^ tries now defaulting Hp i.' 1 on past debts. Before ^ 1 passing it. the sena1 tors amended the -* ( B uitiiMJi?- so ilia I it I would not hamper the M President's new scheme to grant to JggBH^ pB foreign nations loans i Bfcl with which to buy American goods. A Sen. Hiram proviso was written in ohnson declaring that loans to foreign defaulters could still be made by government owned corporations. As it now stands, however, the Dill puts in the hands of the administration its most powerful weapon for forcing payment of defaulted war debts. No defaulting nation mav float I any private loan In this country, and any American aiding in the Illegal flotation of a private loan to a defaulter would be liable to five years in jail and $10,000 In fines. According to Chairman Jesse Jones of the RFC. the President's plan calls for the creation of a trading hank which will partially underwrite extension of credits to foreign purchasers of American goods. The bank would be entirely owned by the government. so the arrangement would actually be a partial government guarantee of payment to the American producer. The hank would be a division of the RFC. The scheme Is devised mainly to promote trade with Russia and it is hoped the Soviet republic will take much of our surplus farm and industrial products. Y^ILLIAM P. M'CRACKEX, who * - v? as usMsiam secretary or commerce for aeronautics in the Hoover I administration, and three air line offi- ! cials cot into a jam ; with the senate com- Ifr. mittee that is invest!gating air mail con- 1 tracts. All four of &?. J them were cited to appear before the senate to show cause why jWfc A .1 they should not he punished for contempt McCracken practices I law in Washington. fl | The others are L. II. ' _ j Brittin, vice president **' , i of Northwest Air- M'Cracken ways; Harris M. Hanshue, president of Western Air Express, and Ollbert Glvvln. Hanshue'a secretary. McCracken has been under technical arrest bnt this was vacated. Chairman Black's report to the senate showed that Brittin admitted that he had removed from McCracken's office and destroyed subpoenaed correspondence; and also that GIvvId, on order from Hanshue, had removed confidential paper* since recovered by the committee. Senator Black also told the senate that testimony before the committee showed poet office contracts bad been awarded "collnalvely and fraudulently" and that former Postmaster Gan' , Murphy, N. C., Friday, eral Brown and McCracken participated In a "secret meeting'* held Ln a room adjacent to Brown's Post Office | departmeat office at which the coun- \ try was divided Into certain maii routes and contracts were distributed among "particular'' operating companies. The chairman declared that Brown was a "heavy stockholder" in the Pennsylvania railroad and other companies interested in aviation, and charged that the practice of distributing contracts "ln secret'* was a violation of the law. IN A unanimous opinion the Supreme * Court of the United States held that ail persons accused of violating the late national prohibition laws and whose cases had not been finally adjudicated by December 5 last, when the Eighteenth amendment was repealed should be set free. The opinion held that repeal canceled the power of prosecution. According to the Department of Justice. there were 9,576 prohibition cases, with about 13.000 defendants, pending in federal courts. *"p HADE reviews say that January rec"rds of retail distribution indicate that consumer buying was the largest in three years. Industrial production averaged about 25 per cent higher than January. 1933. Automobile factories, steel plants and textile mills all were expanding their production and calling back their workers. In ninny other Industries the improve- ' rnent was marked. OOYALISTS, organizations of war veterans, young patriots, and. of course, the ever active Communists. were doing their best to upset the government of Premier - Dnladler In France, I and many of them 9^^^^ ' were even hopeful of i ' overthrowing the republic -all resulting || from the Bayonne w . bond scandal that la /' .afe caused the downfall of Chautemps. The Immediate cause of the turmoil was the ousting of Jean ChlEdouard appe as prefect of Daladier police of j.aris. This Corsican politician has many powerful friends and they and the opponents of Daladier held the premier was making Chiappe the scapegoat in the Bayonne affair. The latter's enthusiastic friends started a series of riotous demonstrations and the situation became so threatening that heavy reinforcements of troops were brought Into the city from nearby garrisons. It was feared the police could not handle the manifestations expected when Daladier should present his new ministry to parliament. fUST as the Soviet Russian government always denies responsibility for the doings of the Communist party with which it is identical, so Chancellor Hitler disclaims responsibility, for himself and the government of Germany, for the Nazi camnairn of vio lence in Austria. In neither case is the world deceived. But realization of the truth doesn't help poor Austria, and the big European powers do not seem Inclined to interfere. When the German-Polish treaty was signed, Hitler surrendered the German claims to the Polish corridor for at least ten years. To compensate the Germans, he appears determined to Incorporate Austria in his National Socialist state. I If it comes to a matter of armed conflict?and It well may?Austria will be helpless. She has made an appeal to the League of Nations, but Germany doesn't recognize the league any longer. Prince Ernst von Starhemberg, leader of the Austrian heirawehr. the armed home guard, and other patriotic leaders are not wholly trustful of Chancellor Dollfuss* ability to withstand the Nazi attacks, and perhaps they doubt his good faith. Thp hpim wehr has virtually taken possession of the Austrian Tyrol, where the Nazi propagandists have been especially active. The guard occupied Innsbruck and a commission of heimwehr, peasant league and Catholic storm troop leaders was formed to replace the elected provincial government. Foreign ministers of Greece, Rumania, Turkey and Jugoslavia completed their negotiations in Belgrade and initialed the much discussed Balkan treaty which is Intended to guarantee territorial security to its members for ten years. Bulgaria and Albania were not represented but both may sign the pact later. The text of the treaty was not made public. OGDEN L MILLS, who, whether or not you like him. Is one of the most forceful leaders of the Republican party, has often been spoken of aa a possible or even probable candidate for the G. O. P. Presidential nomination in 1936. But the New Yorker haa now removed himaelf from that category. While in California tc tea Herbert Hoover and other*, lfr. Mill* told the press T moat certainly have no Intention of becoming a candidate. Nor will f mix* In local or factional politic*." by W?tT% Hwpmw Oil?. February 16, 1934 Distillery Grain to Aid Dairymen Cattle Feeders May Be Able to Obtain Additional Supply Soon. There will be a "new deal" in ra tions for many of the dairy cows when distillers' dried grains and brewers dried grains will be available in great ly increased quantities. Both these types of grains are looked upon with favor by dairy cat tlemen. The largest outlet for then is In proprietary mixed feeds for dairj cattle. Considerable quantities alsc are bought in unmixed form by dalrj cattle feeders to he used as proteir supplements in dairy rations. Feeding tests with milk cows have shown that distillers' dried grains an eoual to mixtures of wheat bran, cot tonseed meal and linseed meal con taining equal amounts of protein, am that distillers' grains from corn an more valuable than those from rye Further, distillers' grains were founr more valuable than brewers' grains Other comparisons have shown dis tillers' grains superior to corn glutei feed, and brewers' grains oetter that wheat bran. Dairy cattle feeders contemplatinj the purchase of one of these feed: should be guided bv the cos* of * pound of protein in that feed in i comparison with the cost in othei available protein supplements common ly used for dairy cattle. Buyers o mixed feeds containing considerabb proportions of distillers' and brewers grains will find the analyses as guar anteed by the manufacturer are indi pqrifa nf tKn .... I.... When made largely from corn, dip [ tillers' grains as a rule contain abou | 32 per cent protein. The fat, or oi content Is high, being about 11 pe cent, and the fiber content Is low ranging from about 10 to 12 per cenl Distillers* grains made largely fror rye contain from 1G to 25 per cen protein with an average of about 1 per cent. The fat is about 7 per cen and the fiber about 1G per cent, al though the fiber may range from 12 t 18 per cent. When corn, rye and oc casionally other grains are combine by the distiller, the resulting grain have a composition lying between th extremes for corn and rye and ai proach one or the other depending ur on the proportions used. Brewers' dried grains contain froi 22 to 25 per cent protein. The fat cot tent is about 7 per cent and the flbe about 13 per cent. Several other products from thes and allied industries often are aval able In the form of malt sprouts, drie malt grains and yeast and vinegi | grains. Clover Seed Is Scarce; Other Crops Are Shoi Producers of clover seed will mei with little competition from Europe? producers this year. In spite of sma domestic crops. Supplies In Euroj are smaller than usual. The red cl v?r seed crop Is just two-thirds I large as last year's. Alsike seeu pr duction Is 30 per cent below averag and the sweet clover seed crop is on fifth less than that of last year, whh was the smxllest in ten yea.s. Droug; and hot weather, which curtailed tl production of clover seed, helped increase the yield of alfalfa seed, i though almost twice as large as la year, alfalfa seed yields this year we near normal. The carryover is tl smallest in recent years. Demand for Horses Receipts of horses and mules public stock yards were 221.142 f the first eight months of 1933. as coi pared with 171.587 for the same peril in 1932. almost a 30 per cent gai Demand has overtaken supply, says L. Harvey of the animal husband division. University farm. St. Pat Tfealers are scouring the whole con try buying up all the horses and mul thnt fflrmore ??"? "-n"?~ ?? ?" " a.c mums 10 ?eji. p oa yearlings, and two-year olds are est dally in demand, and fillies bring mo than geldings of equal merit. T 1930 census showed that 86 out each 100 farms were operated entii ly with horses or mules. Agricultural Rakings Thirty states now have farm prot< tlve committees. Meat cures better If the animal h not been fed for 24 hours before kl ing. At Cornell, a wheat which is pn tlcallj Identical with the wild whc of Palestine has been made by era Ing a cultivated wheat with a dun type. a Cotton growers is North Caroll will receive an average of $11.1ft acre for withholding land from pi | dnctics tar 1994, my state college aj | delists. MercolizedWax f\(eeps Skin Young Absorb blemishes and discolors tions using Mercolized Wax daily as directed. Invisible particles of aged skin are freed and all delects such as blackheads, tan, freckles and large pores disappear. Skin is then beautifully clear, velvety and so soft?face looks years younger. Mercolized Wax brings oat your hidden beauty. At all leading druggists. I Powdered Saxolite ?i I Reduces wrinkles and other wcMicna. Sim- I I piv dissolve one ounoe S&zoLte in naif-pint I | anted hotel and use daily as fsoe lotion. | Why the Sudden Change to Liquid Laxatives? Doctors have always recognized the value of the laxative whose dose can he measured, a ad whose action can be thus regulated to suit individual need. 1he puDiic. too. is last returning f to the use of liauid laxatives. People ? have learned that a properly prepared liquid laxative brings a perfect movement without any discomfort at the time, or after. The dose of a liquid laxative can be varied to suit the needs of the individual. The action can thus be f regulated. It forms no habit; you 1 need not take a "double dose" a day r or two later. Nor will a miid liquid laxative irritate the kidneys. The wrong cathartic may often do a more harm than good. Dr. Caldwell's Syrup Pepsin is a 3 prescription, and is perfectly safe. t Its laxative action is based on senna I- , ?a natural laxative. The bowels will 0 not become dependent on this form of help. Dr. Caldwell's Syrup Pepsin ^ is at all druggists. Member N. B. A. s " A. Three Days' Cough Is Your Danger Signal Don't let them get a strangle ;r hold. Fight germs quickly. Creomulsion combines 7 major helps in ,e one. Powenul but harmless. I'leas1 ant to take. No narcotics. Your d own druggist Is authorized to refund ir your money on the spot if your cough or cold Is not relieved by Creomulsion. (adv.) i GIRL TO WOMAN at Mrs. Hester Cisoo of 2429 Wolf St., Brunswick, 111 ^Hjj^FGa.. said: "\Vhen I was a ill young girl growing. I became rundown but Dr. Wiy Pierce's Favorite PraeripO w^L- W tion 8000 h*d me feeling -r fine and I developed naturally. After I married I