Newspapers / The Cherokee Scout (Murphy, … / May 19, 1933, edition 1 / Page 2
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News Review < Events th International Tariff Truce Toward War Debt Settl Bill for Control By EDWARD 1 NE of the busiest men in the world these days is Norman II. Davis, American ambassador-at-large In Europe, and it would appear that he is doing his multifarious Jobs very well. It was up to him to persuade I the British govern/_ | ment to accept the ; 4K % proposal of President J fj Roosevelt that there Bp 4 M an international t-jk jlr in tariff truce pending ioL*^ Jig the outcome of the 4H wor-^ economic conference in London. N H Davis Thls he aCcorai>Iishc<J' according to an announcement by Prime Minister MacDonald in the house of commons, although Great Britain made important reservations providing that the trade pacts now being negotiated by Britain should not be affected. The text of the agreement between Davis and MacDonald was cabled to Washington for the final approval of the American government, which was promptly given. France, Italy and Belgium have accepted the tariff truce, the two former stipulating that It be based on the present dollar valuation and that a superduty can be Imjiosed if the dollar depreciates further. Favorable responses were expected in Washington from Japan, Germany, Holland and China. PRIME MINISTER MAC DON \LD In his speech to parliament also took up the subjects of war debts and world disarmament, throwing considerable light on the negotiations between his government and President Roosevelt. He declared that the world economic conference cannot be fully successful unless the war debt difficulties have been removed before it comes to an end. He said that on this "there Is complete union of opinion." The premier asked parliament to hush up discussion of this question and not ask embarrassing questions concerning his negotiations with the United States. He said that if the world disarmament conference was to come to anything like a satisfactory conclusion, the United States would have to take pnrt in a consultative pact, "the effect of which would be to increase the security of European nations and the safety of threatened nations against war." The United States, he said, had so agreed and an announcement would soon be made in Washington to that effect. * President Roosevelt presumably agrees with MacDonald concerning the necessity of settling the war debts. He sent to congress n message asking that he be given authority to deal with the other nations in settling the debt issue, at least temporarily. Secretary of State Hull admitted that the debt matter would be taken up concurrently with the issues before the economic conference, hut both he and MacDonnld insisted it would not form part of the conference discussion. MacDonald said the June 15 due date on debts was "an awkward hurdle" and asked parliament not to make it harder to surmount by premature debate. In his message to congress President Roosevelt also asked for a grant of blanket power to negotiate tariff revisions so he can carry out his program for stimulating world trade by breaking down high tariff barriers. TURNING back to the matter of world disarmament, we again find Norman Davis active. He had a long talk In London with Dr. Alfred Rosenberg, who is Chancellor Hitler's chief advisor In foreign affairs, and is said to have told him flatly that the United States Is utterly opposed to any Increase in armaments by anyone, and umi nmriiLa icgaiuB ucniiany a present policy of demanding a larger army as an obstacle to the success of the disarmament conference He let the German know that the United States government thinks Germany Is tending to become a disturber of European peace Hosenberg in return, It Is said, disclaimed any Intention on Germany's part to disturb peace, but reiterated Germany's claim to equality of armaments, preferably to be obtained by disarmament of other nations to the present German level than by Germany's rearming to their level. THE! Wheeler resolution, urging American delegates to the world economic conference to work for an agreement to remonetlxe sliver at 16 to 1 with gold, was approved Dy the The Cherokee Sc 3f Current e World Over i Seems Assured ? Progress lemeni?Senate Passes 1 I of Securities.* I X. PICKARD senate. The resolution merely calls on the delegates to "work unceasingly for an International agreement to remonetize silver on a basis of a definite fixed ratio of not to exceed sixteen fine ounces of silver to one fine ounce of gold." 'IPFIE international wheat conference opened in Geneva and the American delegation was on hand, its mem- ] hers including Henry Morgenthau, Sr.; < George C. Haas, member of the federal i farm board, and Frederick E. Murphy, i publisher of the Minneapolis Tribune. ' I *HE Simpson price-fixing amend- < ment to the farm bill was rejected i by the house by a decisive vote?283 1 to 109?because Chairman Jones of t the agriculture committee declared the i President was opposed to it and Ma- 1 jority Leader Byrns urged the house j to stand behind the administration. 1 The senate agreed to the report on j the measure by the conference com- < mittee after vain protest by advocates < of the price fixing amendment. It also yielded to the house by agreeing \ to broaden the power of the secretary of agriculture to Initiate nnd approve < U(i.vvu.cuia iui uiui Keuug iarm proa- j ucts, without regard to the anti-trust i laws, and to license the handlers of i agricultural commodities. Under the l bill as finally passed the secretary inay < include under these provisions not only the seven basic commodities embraced by the benefit and production control portions of the bill but all agricultural products processed and marketed in this country. PRESIDENT ROOSEVELT contln ued his economic conversations with foreign statesmen, and the most colorful of his visitors was T. V. Soong. the youthful appearing minister of finance of China, who was presented by MinB J Jster Alfred Sze. ^ Doctor Soong naturally was especially w'Interested in what Bk .stand the President | might take in the Sino-Japanese qoarrBPrel, and he stated in T. V. Soona detnil U,e Posltlon of M China. No information was given out Indicating Mr. Roosevelt's intentions in the matter, but press dispatches from Washington were received In Peiplng quoting Soong as saying he had been assured of American Intervention in China if Japanese troops captured Peiplng. These dispatches probably were misleading if not entirely false. Viscount Kikujiro Ishli is on his way from Japan to Wnshineton. and when he meets the President he. too, will < be concerned mainly with the American attitude toward the Fur East em- < bioglio. He is prepared to defend the 1 Japanese conquest of Manchuria and ] will urge American recognition of the j puppet state of Manehukuo. One of his important tasks will be to learn how tar the idea of a consultative pact to implement the Kellogg-Briand anti-war treaty has developed. As was said above, Mr. MacDonald told parliament that the United States had agreed to take part in such a pact. Others who consulted with Mr. Roosevelt were Dr. Hjalmar Schacht, president of the Reichsbank, who brought up the questions of German equality at arms and boundary revisions; and Albert J. Pani, finance mi ni ofr?r nf \foTt^A OING ahead with the President's program for federal regulating of most things, the senate passed the administration bill for the control of securities sold In Interstate commerce. Differences between the senate measure and that already put through the house were mostly slight and easily compromised. The former, however, contained an amendment offered by Senator IIIram Johnson of California setting up federal machinery to aid holders of foreign bonds that are In default. Under the bill, the federal trade I commission will become the governing body of the securities trade. Persons or corporations about to sell securities In Interstate commerce and agents of foreign governments about to sell foreign securities must register each issue with the commission, together with detailed information concerning the Issue. WAR against Bolivia In the Gran Chaco dispute was formally declared bj President Eusebio Ayala of out, Murphy, N. C., Fric Paraguay, the peace negotiations con- ' ducted by neutral South American nation* having failed. The warfare has ( been going on unofficially since June, 1932. Neither nation ibors any signs of yielding. The Paraguayans hailed | iueir President's action with Joy, and , the Bolivians said they were ready to fight. SUMNER WELLES, the capable new j American ambassador to Cuba, was received at the d?H*k in Havana by a few officials and about 100 other ( persons who were permitted to pass through W' the strong guards esT 1 tablished by the gov- j | l ernment to prevent a 40K. demonstration. Along I it WT1^ sea wa^ drive on d. j, his way to his hotel 1 > he was cheered by ffi ffir % thousands who hope :-v" he can help In restorIng prosperity and Sumner Welle, >*????la T",C ,5,,a"d republic. In a statement handed to local newspaper men the ambassador referred to the historic bonds between the United States and Cuba. MT will give my most earnest consideration to the fundamental problem 3f regenerating the healthy flow of trade between us," he said. 4,I hold the sincere conviction that It Is to the prime Interest of Cuba, as well f is to the Interest of the citizens of the United States, that there bo considered at an appropriate moment the bases for an agreement which will !(lmil1n?? ?k. ...? I_. _ xiuiuiaii; uie advantageous mier* :hnnge of commodities to an equal jxtent be ^een both countries." Concerning the Cuban political situation. Mr. Welles said: "The government of the United States reiterates the (ElilnO Root In:erpretation given to the Platt amendment In 1901 that Is, that the Platt imendment Is not synonymous with ntermeddllng In the domestic affairs >f Cuba.** REPORTS from Washington that President Roosevelt planned to provide emergency relief to avert a Tood shortage In cities were Ignored >y the National Farmers' Holiday as- j tociation at Des Moines, and an appeal was Issued by It to every planter ! tnd cattleman In the country to Join I n the farm strike. Mile Reno, president of the assocla- j don, said that when the house of rep- i resentatlves killed the Simpson amend- j ment to the farm relief bill, which vould have guaranteed production j *osts, all hopes of cancelling the , strike were shattered. The other four points of the assoclit ion's demands are: Settlement of mortgages on a low-Interest, long-term lasls, lower property taxes, free silver ind payment of the soldier bonus. Meeting In Montevideo, Minn., mem- ; >ers of the Minnesota Farm Holiday issoclatlon voted to Join In the strike, j They also demanded that the Presllent remove Secretary of Agriculture Wallace from office because he op- i iosed the Simpson amendment. The 1,000 delegates decided they would ; lot pay Interest, taxes or other debts until the dollar became an "honest j noaci ro nt vnlnn " HARVARD adds itself to the list of universities with young presllents, the corporation having selected lames Bryant Conant, forty years ! old, to succeed A. Lawrence Lowell. He Is Sheldon Emery , professor of organic * chemistry In the uni- (F. rersity and is widely jffii ^ known among scien- TfjS? ^ tlsts for his research gjpKj. M work In special fields. SBBjBpT ^ I Born at Dorchester. ' Mass., March 26, 1893, '' the son of James ?||l|||pBP^ Scott Conant and Jen- n R nett Bryant Conant, r* he entered Harvard Conant college in 1910, after preparing at the Roxbury Latin school. Completing his college work in 1913, after three years in which he attained high honors, Conant was graduated with the degree of A. B. His degree of Ph. D. was conferred In 1910 and the next year ne received an appointment as ! Instructor at Harvard. After serving during the war with J the bureaus of chemistry and mines, : he returned to Harvard in 1919 as as- ; sistnnt professor of chemistry. In 1925 he became an associate professor and two years later a full professor. His present position of Sheldon Emery professor dates back from the year 1929. SENATOR GLASS produced a new banking reform bill that was expected to have the backing of the administration. It was approved by the senate banking subcommittee after that body bad mode an Important change which would require private bankers to abandon either their business in deposits or in securities. The bill Is designed to curb the use of federal reserve credit In speculation and to Insure deposits in federal reserve member banks through a $2,000,000,000 corporation. e. ItH. WwUra Cmtea. lay, May 19, 1933 KIDNAPERS NABBED WITH THEIR VICTIM Officers, Informed of Plot, Capture Two. Freeport, 1IL?A fantastic story of how a fifty-four-year-old wealthy local manufacturing company executive allowed himself to be kidnaped for $25,000 ransom was unfolded as the victim was safe at home again and his two alleged abductors were in jail. The man, William Trevillian, vice president of the W. T. Kawleigh company, was found by United States agents from Chicago late at night bound and gagged in a cabin near Pnrnod, 111., a few hours after being seized by two men as he left his office for the day. Two men in the cabin with him were arrested as the kidnapers. They were: William Stubbe, twenty-seven. Rock Grove, 111., and reported to be formerly of Monroe. Wis., sind La Verne Moore, twenty-one, Freeport, uiw?n a whom officers said they found the ran- t some note threatening "hot irons on a his hide" if the $25,000 was not forth- i coming. I The story of the kidnapiug was one ] in which the law officers had been s completely informed beforehand of the kidnap plans and followed their developmcnt, Sheriff C. J. WcUer of La J Salle, 111., said. The Informants were "Red" and "Jack" Schultz, brothers and former ondercover men for Sheriff Weller. t Stubbe, married and the father of ' two children, according to the plans revealed by the sheriff, was to receive $2,000 for providing the hideout, and Moore was to get SS.000 as his share 1 in raising the ransom. The balance i of $15,000 was to be divided between v the two La Salle aids. c With the Trevillian kidnaping sue- t cessfully consummated the sheriff said a the gang then planned to seize W. T. s Kawleigli, head of the company and a relative of Trevillian by marriage. b The stake for his return was to be c boosted to $100,000. s Provincetown, Mass.?Held in $100,- * 000 bail each, Kenneth and Cyril Buck * of Karwlchport were taken back to c the Barnstable Jail to await trial for kidnaping ten-year-old Pe^gy McMatli. t Kenneth Buck is charged witli the ac- <1 tual kidnaping and his brother with c extortion. Ransom of $00,000 was * paid but recovered, after the girl had 4* been returned. 2 Rhode Island Ratifies Dry Repeal Amendment 0 Providence, R. I.?Rhode Island net- ' ed officially to repeal the Eighteenth amendment, which it had never rati- J fied and which it fought consistently throughout the 13 years of national ? prohibition. Crowded galleries in the house J cheered as 31 delegates, elected last . Monday by vote of 150,2-14 to 20.S74, met In constitutional convention and ^ speedily ratified the nroDosed Twentv first amendment to the Federal Consti- t tution to do away with the present dry c laws. a One by one the delegates, 2G men and five women, went to the rostrum and signed the resolution of ratlficn- ' tion amid wild applause. The resolution was transmitted forthwith to the secretary of state of the United States, f there to join similar documents from r Michigan and Wisconsin. t I Amelia Resigns From ? National Air Society t, New York.?Mrs. Amelia Earhnrt t Putnam, transatlantic flyer and holder p of the women's trans-continental rec- 1 nr.l o nnmmnA.1 " ? , ..s_w-s? nci icsi^iiuiiuu as vice I president and as a member of the Na- c tional Aeronautical association. n "Finding myself at variance with c the views of those who dominate the I organization," she explained. "I feel fc that It Is for the best interests of all f concerned that I resign." Copeland Demands Senate Investigation of Rackets "Washington.?A senatorial invest I- C gation of rackets was asked by Sen- v ator Copeland, Democrat. New York, c In a resolution. The senator declared t rackets had grown up In the United r States so that gangs had obtained con- ? trol of legitimate business. He de- i clared newspaper reports told of racketeers In beer, poultry, milk, food, v laundry and other lines of business. j 3 6,000 Peasants Make ' Farm Gift* to Pope Vatican City.?Lice sheep, chickens, rabbits, pigeons and a mass of vegetables and fruits were presented to Pope Plus by 6,000 peasants of the Ro- f man countryside who filed before the t Reggie hall throne on a holy year t visit. t One peasant gave the pontiff a large ( hnnch of onions, explaining that he t had nothing better. j COL. C. A. LINDBERGH I nr^^ IWLJi Col. Charles A. Lindbergh appeared t is a witness in Washington in the rial of Gaston Means and N. T. Whitiker, accused of defrauding Mrs. 2valyn McLean in connection with the .indbergh baby kidnaping last year. The famous aviator told again the tory of the tragedy. SECURITIES BILL IS PASSED BY SENATE Change Protects Investors in Foreign Paper. Washington. ? The administration's egislative program was once more lecisively advanced when the senate, vithout a roll call, passed the Fletcher bill for the furnishing of infonnaion in regard to Investment securities ind the supervision of traffic in such eeuritles in Interstate commerce. The bill was passed with little de- 3 ate and after consideration of only 1 ne hour and a quarter. The discus- j Ion of the bill in the senate was even nore brief than that In the house, vhleb passed the bill without a roll all, after a five-hour discussion. The senate bill was given the house j ill's title. The program provides for lisclosures of all essential facts concerning security issues to the federal rade commission through which the nfOrmation would be of a public charicter and available to Investors. Before passing the bill, the senate idded an important amendment by Senator Hiram Johnson, Republican if California, to set up a corporation o protect the interests of owners of oreign securities. These security iwners have invested billions of dolars In governmental and private foreign securities and the purpose of the rohuson amendment, he said, was to lo something constructive to "protect hem and salvage whatever is possiile.** The broad program for reviving lusiness through $3,000,000 for pubic construction and federal co-operaion on industrial regulation, was ompleted by administration advisors nd submitted to President Roosevelt :arm Relief Bill With Inflation Now Is Law Washington.?Involving not only arm relief and refinancing of farm nortgnges but also currency inflation, he long-discussed agricultural inarketog measure with Its amendments was ;iven final approval by the senate . in approving tiie Dill tne senate >ade defiance to the pressure from he National Farmers' union and its iresident, John A. Simpson of Oklaloraa, and also the legions of the arm holiday movement and knocked ut the cost of production amendment. The senate turned down the ost of products plan, known as the orris-Simpson amendment, after the louse by an overwhelming vote reused to accept It, budget Board Cuts Navy Funds Down $55,000,000 "Washington.?A navy cut of $55,000, 00 for the coming fiscal year, which ?ill throw hundreds of naval officers ?ut of the service, place one-third of he fleet on the Inactive status under a otating plan, and probably close down ill training stations, was announced y Secretary Swanson. The budget bureau, Swanson reealed, has allowed the navy only 270,000.000 for the 1933-1934 fiscal oar. The appropriation for this year va a $308,000,000. rornado Uproots Trees, Wrecks Barns in low* Rem sen, Iowa.?Barns were torn rom their foundations, trees uprooted ind smaller buildings overturned by a ornado which struck here. A bo$ arn at the Paul Rodesch farm completely destroyed and a number of logs killed. The storm covered 13 irea of three miles.
The Cherokee Scout (Murphy, N.C.)
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May 19, 1933, edition 1
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