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.