The Alamance gleaner ] VOL. LVIII. GRAHAM, N, C., THURSDAY APRIL 21, 1932. ._ ?. NO. 11. _ News Review of Current Events the World Over Senate to Rewrite Revenue Bill?Lindberghs Still Hope Despite Double-Crossing?April Market Crash Cost Six Billion Dollars. T^ETE senate will rewrite the billion * doljar tax bill passed by the house, Chairman Reed Smoot of the senate finance committee announced. After a long delay in getting down to busi ness on the budget balancing measure, action at last appears in sight. Many of the soak-the-rich provisions of the tax bill may be eliminated In the upper house's revision. Sraoot's announcement followed a bitter partisan debate In the finance committee. For nearly two hours. Secretary of the Treasury Mills and Senator Harri son, Mississippi Democrat, sparred for political advantage over the revenue measure. Harrison sought to have Mills sub mit a tax program which could be labeled an administration bill. Mills declared that the treasury sticks to Its original recommendations presented to the house ways and means com mittee, and rejected. Millls promised to submit to the committee two new proposals, minor modifications in the treasury's first pro gram. These, he indicated, would be for lower taxes on home consumption of gas and electricity, and for a tax on wort and malt. He also told Harrison he would point out specific flaws in the house tax bill and suggest corrections. This action, he warned, could not be con sidered as offering a treasury pro gram, because the treasury is bitterly opposed to the house bill. The general manufacturers' sales tax as carried in the bill reported by the ways and mean? committee is ac ceptable to the treasury, Mills re iterated. He suggested that the treas ury would like to have the committee accept a 1^ per cent manufacturers' sale tax, estimated to yield $350, 000.000. Mills was optimistic over the federal economy drive, saying a minimum ap propriations slash of $200,000,000 is "definitely in sight" after conferences between the President and the house economy committee. THE senate banking committee was advised -by Richard Whitney, president of the New York Stock ex change. that stock and bond values had depreciated at least six billion dol lars during the April collapse in security values. Testifying as the principal witness In the committee's in vestigation of short selling on the stock exchange, Mr. Whit ney said that the drop in securities values had been as drastic during the past week as during any other Richard Whitney period of Hie depression. He con curred in an estimate by a committee member that stock market and bond losses from the peak of high prices In 1929 had dropped $43,000,000,000. Mr. Whitney's estimates were made at the conclusion of the second day of the committee's attempt to pin re sponsibility for recent stock market losses upon the activities of Wall street bears engaged in short selling operations. At the conclusion of the day's bearing the Investigation was adjourned until Monday, when Mr. Whitney is expected to place be fore the committee a complete record of the short sales during the last week together with a list of the prom inent bears who have been on the short side of the market. Mr. Whitney vigorously denied that short sales. had anything to do with the recent drop in security values, asserting that widespread liquidation and unsettling business developments rather than bear raids were respon sible for the drop. He asserted, and produced figures to prove his point, that during the first week of the April decline, the reduction in stock prices was accompanied by a decline In the short Interest or short sales. In response to questions, Mr. Whit ney said he thought between fifteen and twenty million persons were trad ing on the stock market when the crash came In 1929. DKSITTE the failure of the kid napers to restore the Lindbergh baby after the $50,000 ransom was paid by Colonel Lindbergh, the be lief persists in official circles that the child will be restored to its parents. The optimism seemed to spring chiefly from faith In the ability of Dr. Jobn F. Condon of the "Jafsle" con tact to re-establish communication with the gang which li believed to J be holding the baby, stolen from his parents' home near Hopewell. N. J., on March 1. Doctor Condon Is reported to have told the members of some of his classes at New Rochelle college that he had recognized the penmanship in all the notes from the kidnapers as the handwriting of a former pupil. It was supported, too. by the grow ing conviction that the kidnapers as well as the baby's father were double crossed by the mysterious individual who received the $50,000 In currency from the hands of Doctor Condon on the night of April 2 in a lonely cor ner of St Raymond's cemetery In the Bronx. No word has come from the crimi nals, however, since the money was paid. In order that Doctor Condon can pursue his efforts to recover the baby tree of official interference, represen tatives of Colonel Lindbergh have re quested Bronx officials not to question him. They agreed to heed the re quest ? pLANS for retaining the full fight ? ing strength of the United States fleet in the Pacific, while conditions remain unsettled in the Fai East, are being considered by administration of ficials. At present the scouting, as well as the battle force, is operating in Pacific waters. Orders, however, call for the return of the scouting fleet with its big eight inch gun cruisers in May. It is expected these orders will be canceled. Th- State department, it is reported, notified Navy department officials that if practicable it would like to have the scouting force retained in the Pacific following the Hawaiian and west coast maneuvers which were con cluded several weeks ago. The under standing is that the State department officials took the position that main tenance of the fleet at Its full strength In Pacific waters would have a bene ficial effect on the far eastern situa tion. PRESIDENT PAUL VON HINDEN burg who was re-elected president of Germany In the run-off election by an overwhelming majority, issued a proclamation accept- _____ ing tne election ana thanked the German people for their re newed expressions of confidence. He pledged himself "to continue to serve my fatherland and folk with all my power." "True to my oath, I will continue to ful fill my duty of re mainiug above all Pre,iden, partes with Justice HindenbuI, dominant, and with a fixed desire to help our fatherland to freedom and equality externally, and to unity and progress at home," be said. The eighty-four-year-old president again urgently appealed to the Ger man people to unite. "I implore all German men and women, whether they voted for or against me, to cease their wranglings and close their ranks," he said. "Again, as seven years ago, I appeal to the entire German people to co operate. It is necessary to unite all powers in order to surmount the pres ent confusion and distress. Only by standing together are we strong enough to master our fate. There fore. in unity, let us go forward with God." ADOLF LIITLEH has been ordered* by the German government to dis pand his army of 400.000 national cialist shock troops and to end ter rorizing activities for which It holds them responsible. This sodden blow it the strong Fascist organization came in the form of an emergency de- . cree signed by President Von Hinden burg. This decree dissolved Immedi ttely all "quasi military organizations" )f the national socialist workers party. THB battle over Immediate cash payment of the soldiers* bonm lared Id both houses of congress Tues jay as the house ways and means committee began hearings to deter mine whether the public should be isked to assume an additional rwo billion four hundred million dollar :asb burden to enable the World war reterana to cash their adjusted com pensatloo certificates. The advocates of legtslsrlon per sitting veterans to cash io Lbeir bonus certificates at once disclosed that thej hope to float (tie bonus Inw through congress as *a rrosperlt.v measure" rather than as simply a bill to advance veterans upwards of two billions In cash. Spokesmen for the bonus law asserted its passage would start the United States back toward prosperity by increasing money in :lr culation. boosting prices and reducing the value of the dollar. Shortly after the bonus udvocntes had had their say the movement for full payment of the bonus was assailed in three quarters. Senator Joseph T. Robinson (Dem., Ark.), senate Demo cratic leader. Issued a statement In which he asserted that payment of the adjusted compensation certificates would produce harmful results. Ma jority Leader Henry T. Italney (Dem., III.), and Representative Hamilton Fish (Rep., N. Y.), also attacked the bonus laws. JUSTICE FIERCE BUTLER of the United States Supreme court handed down a decision that throws a further safeguard around the Amer ican home against uiimn iui ocnrviies mill seizures. The decision affirmed the circuit court's decision that the prohibition agents who raided, on t mere arrest warrant, the New York premises of Daniel M. I^f kowiz and Pauline Paris, used by them ae headquarters for Pierce Butler noon eg liquor orders, and then took possession of all the pa pers and documents in the rbom, were not legally justified In so doing. The Supreme court holds the arrest of Lefkowlz was properly made, but says: "There Is nothing In the record to support the claim that at the time of the arrest the offense for which the warrant was issued or any other crime was being committed in the presence of the officers. The mere so liciting of orders from the room in connection with the other uses alleged in the complaint is not sufficient to constitute the maintenance of a nui sance thereon." PRESIDENT HOOVER and Gover ^ nor Roosevelt won favor of the electorate In primary elections and conventions in five states. In Illinois, although the delegates to the state convention are unin structed it is believed that a majority of those chosen favor the President. For governor. Judge Henry Horner of Chicago won the Democratic nomina tion. while the Republicans chose former Gov. Len Small. In Nebraska's preferential primary. Governor Roosevelt was the winner for the Democratic nomination by a substantial margin. The slate of Re publican delegates favors President Hoover, whose name did not appear on the preferential ballot. The prospects of both President Hoover and Governor Roosevelt were strengthened by the action of three state conventions. In Missouri the Republican con- I vention instructed the entire state j delegation of 45 to vote for Hoover. I The Florida Republican convention j pledged nine delegates at large to ! Hoover. District meetings gave him four more and two other district dele- j gates remain to be chosen. Kentucky's entire Democratic delega tion of 2C was instructed by the slate | convention for Governor Roosevelt to J vote for him as long as his name is j before the national conventioul. FRANCE does not take a fancy to j the American proposals for dis- j urmameDt as presented by Hugh S. j Gibson, the American representative. Premier Andre Tar dieu of France, rep- n resenting his govern- ? inent, bitterly assailed W the plans at the Ge- ? neva conference, BP Mr. Gibson pro- I posed that tanks, big ? guns and gases be B abolished in the inter- I ests of security, but B| he made no mention ^ of battleships, "the B most odvious ?|T? ,, ,, .. Hugh Gibson Rive weapon, said M. " Tardieu. Abolition of certain types of aggressive arms will not neces sarily provide ?ecurity. he Raid, but might, on the contrary, be dlsad vantageou* to an invaded country. The only means to security, he de clared, is common action against an .aggressor. This was generally accepted as a restatement of the French proposal for placing offensive forces at the disposal of the League of Nations In any case, the premier reminded the conference, this disarmament meeting Is under the auspices of the League of Nations, and he suggested that nonmembers of the League keep this in mind. Mr. Gibson's proposals were In line with plans worked out by Norman H. Davis In conference with President Hoover and Secretary gtlmKm. i& Hit. w?tera Newspaper L'aloa.) ( * , BEDTIME STORY FOR CHILDREN By THORNTON W. BURGESS nHPHREE times I've turned upon A my tall, And crossed my toes, but still I tall To win from Luet tot-simple wish For just one single little flab." As he said this, Buster Bear sot and stared Into the Laughing Brook with wrinkled brows. He had set out thgt morning to get fish for breakfast, and' because he bad s$t.hls heart on fisb, nothing else 'would da Ton know. Buster Bear Is sometimes what is called pig-beaded?that Is, he starts to do a thing, and no matter what hap pens he persists In trying to do it. He had started out for fish that morn ing, and fish he would have or else go hungry. Now, everybody knows that It Is of no use to try to drink from an empty pall, and every fisher man knows that It Is of no use to fish when the fish have gone away from their favorite places. Buster Bear knew that for some unknown reason there were no trout In the lit tle shallow pools where he does his fishing. Of course, he didn't know this when he started out that morning, but It didn't take him s great while to find It out Not so much as a glimpse of a fin or tall had Buster had, and he had followed the Laughing Brook al roest to the place where it leaves the Green Forest on its way to the Smiling Pool In the Green Meadows. And just because he couldn't have fish. Buster wanted fish more than anything else In the world. People are that way sometimes. So Buster persisted In wandering along the Laughing Brook, hoping that luck would turn. Fishermen, you know, are great believers In luck, and Buster is like the rest That Is why he said that foolish little verse at the begin ning of this story. Of course, he knew It was all foolishness to turn around- three times and to cross his toes, and when he did these things he looked around first to make sure that no one would see him. And, of course, his luck didn't change. Tou see, there isn't any such thing as that kind of luck. No matter what hap pens there Is a cause, a reason for It. The reason Buster Bear saw no fish that fine morning was that there were no fish to see. They had all gone down to the Smiling Pool because, the water there was deeper and cooler than in the Laughing Brook. Tou see, the weather had been so hot for so long that the Laughing Brook was growing smaller and smaller, and so the fish had moved down to the Smil ing Pool for comfort and safety. If Buster had used his common sense he would have known this and given up all thought of fish. At last he sat down In a little open place close hy the Laughing Brook and not far from where Plunger the Fish Hawk bad built bis nest. Buster sat down to rest and cool off. He bad not been there long when he heard voices, harsh, screaming voices. They came from high up In the nlr. Buster tipped his head back and looked up. There he saw Plunger the Fish Hawk and King Kagle, and they were quar reling. Plunger was dodging this way and that way, now up, now down, now to this side nnd now to that. And clutched in Plunger's claws was a great, big. fat fish. At the sight of that fish It seemed to Buster that his stomach Just flopped right over. Yes sir, that Is the way It seemed. Water began to trickle from the corners of his mouth, water of pure longing. Plunger was high In the nlr, nnd if that fish was hlg enough for him to see at that distance It must he very, very much bigger than any fish Buster had ever caught in the Laughing Brook. Buster could hot keep his greedy little eyes otf It. He knew by what he saw that King Eagle was try ing to make Plunger give up that fish. "Bobber!" grumbled Busier Bear, quite forgetting that were he in King Eagle's place he would he doing the same thing. "Bobber! I hope Plun M. * w Butter Tipped His Head Back and Looked Up. ger gets away from him." A sudden thought came to him. What if King Kagle should make I'lunger drop that fish! Would King Eagle be nhle to catch that fish before It reached the ground? Decidedly this was a quar rel worth watching. They were al most overhead now ond not so very far up In the air. Plunger made a sudden swoop that brought him still nearer the tree tops, and at the same Instant King Kagle swooped with a scream so fierce that it gave even Iiuster Bear a funny feeling. And then, right then, something silvery, something shining In the rays of Jolly, bright Mr. Sun, dropped straight to ward Buster Bear.