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"-9M The Alamance gleaner ? ? > 1 x. r VOL. LVIX. GRAHAM, N, C., THURSDAY APRIL 6, 1933. NO. 9. News Review of Current Events the World Over President Scraps Farm Board and Combines Several Bureaus Into One Agency; Wins First Round With British on Debts. TIT"FIAT the President terms the * * "farm credit adminlstration', was created by executive order which, if It meets with congressional ap proval, as is expected, will become operative May 27. The "farm credit administration" re places the federal farm board, the fed eral farm loan board, and the farm credit activities that have been scattered through seven different gov I ?! -- ernmemai agencies. Henry Morgen- ? _ . ...... H .. , The "administration* than, Jr. ... . . . . . will be headed by Henry Morgenthau, Jr., with the title of governor, and an assistant, for the present at least, Paul Bestor, with the | title of commissioner. Governor Morgenthau said, after 1s ?uance of the order, that the activities of the government in granting loans to farmers and farm organizations will be fully co-ordinated. In the past, with the government making loans through the Department of Agricul ture, the It. F. C., the farm board and other agencies, varying rates of Inter est were charged and different pur poses and conditions were set up, and under the new regime, Governor Mor genthau said, unity of purpose And treatment will be observed strictly. He also declared that all employees of the new credit administration will be placed under civil service, instead of under a patronage system as ex ists In many of the bureaus at present. The executive orcler issued by the President directed the abolishment of the farm stabilization activities of the farm board which have resulted in losses of three hundred million' dol lars, except that he provided they should be continued only to liquidate the left over holdings of the board. This consists of thirty million bushels of wheat and twenty-eight thousand bales of cotton. In a message to congress accom panying the order President Roose velt said his purpose was to "main tain and strengthen a sound and per manent system of co-operative agri cultural credit subject to federal supervision and operated on the basis of providing the maximum of security to present and prospective investors In bonds and debentures resting on farm mortgages or other agricultural securities?all for the purpose of meeting the credit needs of agricul ture at minimum cost." The consolidation of these- various acttvtrtes under one head Is expected to result In an administrative saving J of approximately two million dollars j* a year. TIE efforts of European nations to cancel or greatly reduce the war debts owed to the United States are r?n. and It is said President Roosevelt nns won tne nrsi skirmish to the ex tent of considering: world economic con ditions before any discussion of war debts. As a result of Mr Roosevelt's Insistence It Is reported the British government has backed down from the |?osltion an nounced by Austen Chamberlain, chancel Sir Ronald Lindsay i lor, of the exchequer, when he said i that Britain would not swap economic concessions for revision of the debt. | The British are now willing to dis cuss economic concessions before the debt question Is taken up. By virtue of this sudden change of front on the part of the MacDonald ministry, the world economic conference Is likely to | be held in April or May instead of next summer or autumn, as the Eu ropean powers were planning. The British ainhussador. Sir Ronald Lindsay, has discussed with Secretary of state Cordell Hull, the questions to come before the economic confer ence before the debt question is con sidered. The French are also willing to dls cuss economic questions Iwfore con riderln?r" war debts. Following a White House conference between Pres ident Itoosevelt and M. Jacques Stem, vice chairman of the finance commit tee of the French chamber of deputies. M Stern said that he had not dis cussed war debts with the President; that their conversation had been con lined to the economic conference which the deputy thought 'it would be very Important to hold as foon as can be ?*de possible.** Asked about the debt, he said "It would be very important for France to pay the December Installment as a mark of respect to President Roose velt. Mr. Roosevelt and Mr. Hull have taken the position from the start that the war debts are secondary in Impor tance to the removal of tariff, embar go, quota, exchange and other restric tions on International trade. A preparatory commission named for the purpose of preparing an agen da for the economic conference has listed the following subjects for con-. slderatlon: "The original and present weight of debt and Interest obligations. "Price of primary commodities and price of manufactured goods, both wholesale and retail. "The existing volume of production In different staple commodities enter ing in world trade. "The willingness of creditors to make international loans and their un willingness to receive payment In goods and services. 'The distribution In different coun tries of the available gold supplies of the world. "The disharmony between the stable and fluctuating rates of exchange." Prime Minister Ramsay MacDonald, of England, will preside at the econo mic conference and will name the date for Its convening. FIVE hundred million dollars to be provided by the federal govern ment and distributed as unemploy ment relief by the states Is called for in a bill Introduced In me sennie ny senators Wagner of New York, Costigan of Colorado, and La Follette ol Wisconsin. The bill provides that the huge sum shall be given out right to such states as shall apply for aid, I nnrt nlnroa the ra. sponslbllity for see- 8enator lng that the money L, Fo||ett, ts given wisely In the hands of a "federal relief adminis trator." This official would be appointed by the President, with the consent of the senate, and carry on his duties Inde pendent of any other department. The Reconstruction Finance cor poration is given authority, under the bill., to borrow the five hundred mill ion dollars, but will have no powers beyond turning the money over to the relief administrator. Ten days after the appointment of the relief execu tive. the Reconstruction Finance cor poration would cease to have any con trol over the granting of loans to states or municipalities for relief pur poses, and thus all of the govern ment's relief financing would be under the one Jurisdiction. pARM relief In other directions " moved- along more rapidly. The proposal for refinancing farm mort gages has taken form and the propo sition is for the selling of farm mort gage bonds to the extent of from nine to ten billion dollars on which the government will guarantee the Inter est, but not the principal. It Is ex pected the government's guarantee of interest will make the bonds market able at a comparatively low Interest rate. Farm leaders have urged a govern ment guarantee of the principal on such a bond Issue, but such a guar antee would make them a direct obli gation of the government, and mean simply an increase In the national debt of nine or ten billion dollars. Guar anteeing the interest only means that should there be a complete default on the part of the farmers, which is never probable, the treasury would have from three hundred to four hun dred million dollars to pay annually until the bonds had matured. TIIFHE is a growing belief-In Wash ington that the budget will not be balanced during the next fiscal year beginning July 1, regardless of the economies niade by cutting the pay of government employees, reorganisation of bureaus and departments, and re dnctinns in payments to veterans, amounting to an expected total of some seven hundred millions, and re gardless of an added revenue from the tax on beer, estimated at about one hundred and fifty million. The relief grant of five hundred mil lions provided for In a bill now before congress, and the two hundred millions for the reforestation plans, will alone off-set the economies. It Is probable that the more ambitious plana of the President will he financed through new ( bond Issues. but there will be Increased interest charges and a sinking fund to provide for which will run Into hun dreds of millions annually. Along with these things tax yields are falling short of estimates because of the continued prostration of business. DltOGRESS of the fartu relief bill In the senate has been slow. Sena torial dignity would not permit of the speeding up of the ponderous machin ery of the upper house regardless of the plea of Secretary of Agriculture Wallace for speed and for the passage of the hill as originally written by the President and l?is advisors. There Just had to he hearings on the bill and everybody, for and against, must have a chance to talk, and they have talked. At this writing it seems that "a" bill will eventually pass hut whether It will he the bill that passed the house, and Is acceptable to the admin istration, or whether it will be so rad ically changed as to be unrecognised by its proponents, or unacceptable at the White House, Is for the future to reveal. A NATION WIDE boycott on all ** Jewish business and professional men in Germany has been clamped down by Chancellor Hitler's National Socialist party. The announcement states that It will last "until Jewish life In Germany Is paralyzed." Hit ler's government, while not officially countenancing the boycott, is not ex pected to intertlPne. At Nazi headquarters it was said that the boycott "is a purely defensive measure solely directed against Ger man Jewry as retaliation for the nntl German campaign In foreign coun tries." All over Germany Jewish owned shops and department stores closed their doors and were picketed by storm troopers. THE President's bill providing for the employment of 250,000 men for the purpose of reforestation and other work in government forest re serves and along the fivers, passed congress with some amendments made by the senate. One of these amend ments removes the state quota re strictions on the sixty-eight million dollars remaining of the relief funds In the hands of the Reconstruction Finance corporation. This makes It possible for states that have borrowed up to the qhota previously provided to continue to borrow until the sixty eight million Is exhausted. In the house the bill was adopted without a roll call, but with the Re publican members In opposition. This opposition was not directed at the bill but at the methods of ruling the house by the Democratic majority. It was the first of the administration bills that had not received non-partisan support. The bill was strongly op posed by President Green of the Amer ican Federation of I.abor. SAMUEL T. "ANSEI.L. counsel for the senate elections committee in the Broussard-Overton contest, has brought suit against Senator Huey Long of Louisiana for libel, and asks $500,000 damages. ?? The suit Is the second brought against the Louisiana senator by Mr. Ansell. It Is the result of an attnek made on him by Long on the floor of the senate. In the first suit the senator Invoked congressional Immn nity. - The new action is based on the transmission of copies of the speech throngh the mails. UNDER the authority granted him by congress the President has or dered a 15 per cent cut in the pay of all federal employees, effective April 1. The order alTects the employees In all departments Including officers and en listed men in the army and nary. Post Office department, and all others on the government pay rolls, a total of approximately 800,000. The authority given by congress provided for such cut as reduced liv ing expenses might warrant up to a total of 15 per cent. An Investigation of living costs made by the Depart ment of Labor showed a decrease from June 30 of last year to the present time of 21.7 per cent. On the strength of that report the President ordered the cut In pay to the limit of that al lowed by the terms of the economy law. It is estimated the saving to the government will he approximately $123,000.00u annnnlly. FEDERAL regulation of new stock and bond issues is proposed by the President He asks the passage of leg islation that will require the organiz ers. promoters, and sellers of the Is sues to submit for public Information a complete financial statement con cerning the stocks and bonds offered. The proposed law would provide that full Information tie given on ev ery prospectus offering securities for public sale, and similar information be made available at other sources. Bonuses and commissions paid to sellers would also be revealed. No serious objection to the terms of the bill Is expected In either tb? bouse or the senate. t OIL Westers Newspaper Wales. "Little Stories ?>r Bedtime^ irO ThornfoitW" <y Surges JOHNNY CHUCK GOES BACK TO THE FAR CORNER JOHNNY- CHUCK sal licking b's wounds, for- (he teeth of Iteddy Cox were sharp and despite the tough ness ~of Johnny's coat they had .torn It In several places. So he sat on the doorstep of his new house pud licked his wounds, this being the way of the little people in fur whenever they are hurt. And as he licked Johnny did a little thinking. For the first time he realized bow poorly chosen was this place where he had dug his house He understood l>erfectly how It was that Iteddy and Mrs. Fox had been able to surprise him, and he knew that they would be able to do It again. That wall was too high for him to look over to see If enemies were about, so every time he left his doorstep to go to that distant clover patch he would risk having happen again flie very thing that had happened. And he knew. too. that If it should happen again he couldn't hope to have Bowser the Hound come along just in time to save him. An automobile rushed past on the other side of the wall and Johnny ducked Inside his house, lie just couldn't get used to those noisy things. He waited for the dust which it had raised to settle before he came out again. The grass all about and the leaves of the bushes were gray with dust. Johnny thought of the cool, clean, green grass in the quiet far cor ner of the Old Orchard where he and I'olly Chuck had lived so long, and suddenly a great longing to be there swept over him. It was wholly use less to try to fool himself. This place didn't compare with his old home. As lie sat there licking his wounds and wishing that he never had thought of wanting a new house, along came Sammy Jay. Sammy looked down at him with a twinkle In Ids shrewd | little eyes. "That was a great light, Johnny j Chuck." he said. "It certainly was a great fight while It lasted. Are you much hurt?" "No." muinhlcd Johnny Chuck. "Didn't tliInk you ever would owe Bowser the Hound a favor, did you?' chuckled Sammy. "This is a funny old world any way you take It. Some times our besf^riends do us the most harm and our worst enemies do us the greatest good. Yes, sir, It Is a funny i old world. Now that you have found, It out, w hy don't you go home and he sensible?" "Wh whwhat's that?" stuttered Johnny, for it seemed to hito that Sammy must have read his thought*. "I asked you w hy you don't go home and be sensible." repeated Sammy, "Tolly Clntck isn't safe there alone. "Huh," grunted Johnny. "I guess she can take care of herself. If she can't she can come up here and live." Sammy laughed right out. "I know now on which side of the house the sense In tlie Chuck family Is." said lie. "Think It over. Johnny. Think it over." With this away flew Sammy to tell Tolly Just how much Johnny was hurt. Also he told her thai he hadn't a doubt in the world that Johnny would return as soon ns his obstinacy was cured, and he suspected tlutt the cure was already working. 6 1933 by T w nurerm ? ?* I?rv!r? IT ALL DEPENDS By DOUGLAS MALLOCH OLI) Club will let you pull his tail If you're 11 child, Is nil. You seldom know n dog to full In kindness to the smnll. Old Club will let you pull his enrs, The way that babies do. Rut you must be as young In years. Must be a baby, too. And so I say to you, my friends. And to you, my foet#. The thing thai you may do do|>cnds On just such thin;:* as those. A man a friend of mine must be. Ami I a friend of his: The thing a man may do to me Depend* on who he Is. _ ^ 1933 Douglas Malloch. ? WNLl B?rrtr? BONEES s-rOp m -(OUVS- _ |& -^lS Qv^ 3^/?^?= l-= ? An anecdote Is a blllj gout with horns. BONERS are actual humorous i tid-bits found in examination pa- I pers, essays, etc., by teachers. Dew Is formed on leaves when the sun shines down on thetn find mokes them perspire. ? ? ? A cirri re I, a skinny necked animal I living In Africa. II hna a Ions neck so It can look around and s>* when things nre coming and warn the other animals. ? ? ? The vanishing point It the dot you erase off. ? ? a When you haven't got enough Iodine In your blood you gel a glacier. ? ? ? The Ides o' March Is tlic day when people are "out of luck": Julius i 'nesar went to the Forum on that day and came back dead. ? ? ? i don't know wbat Hallowe'en means bat I say It every day. Our Father which art In heaven. Hal lowe'eo be Thy name. I ft dd MI eradicate?WNL tsr>lc% GraphicGolf CLAPSMCE GAMafeg UEPT TOE T URNED IXWMJO HELP? PNOT. A V~,\ WMSS ?1} pCjSHOUUXS! 2 L jFMsrwsi S/ I A jwatXNO. A V.ONG DRIVER CI.AKRXCB OAMIIKIJ. Michigan's long driving pro, has consistently gained tremendous distances off the lee Drives of well over three hundred yards are a rather common occurrence wi!j? him. At 0;ikm.<nt one year on the twelfth hole, which' measures OX: yards fie was on the green with a drive and iron. At Muskegon, Mich., on a hole which measured Oil yards, pnr 0, he followed upi a tremendous tee shot with a slaShir-c second to the green. Ills prodigious driving has al ready become legendary. Strange to say. tciruln-r* drives are nearly all carry. Although Onmler is right hand ed. lie attribute* much of his distance to his left shoulder muscles which are more developed. He keeps the left arm straight and at the top of the backswlng his shoulders are at right angles to the line of flight. Like Chick Evans, lie feels a hard tug at his left shoulder when he has reached the top of the swing. This makes the downswing much like the un coillnj of a spring. Camber's stance Is slightly pigeon toed, the left toe turned inward allows him to pivot more freely. Cyril Tnlley, another long driver, also does this. Gamber ad dresses the ball slightly o(T the heel of his cluhhead. He starts the upstroke hy pushing the clubliead backwards a bit outside the direction line and al lows a w ide sweeping arc, although his elbows are kept close to the body, ft 1933. Bell Syndicate.?WSU Servica SEASONABLE FOODS MINT enhances the deliclousness of lamb, which Is one of our early summer meats. After roasting the leg of lamb, crown roast, or stuffed breast, serve It surrounded with individual molds of mint jelly, garnish the top of the roast with cress or parsley. Mold the jelly in halves of lemon, then cut, with the lemon peel left on if de sired, into eights or quarters. Mint Jelly. Take one-half cupful of vinegar, one cupful of water and add enough green coloring to make of the desired sh<t<le; add three and one fourth cupfuls of sugar, one half to one .and onehalf renspoonfuls of spearmint extract and one-tin If cupful of pectin. Bring all to a boil except the pectin; add the pec tin and the flavoring, let stand a minute removed from the beat, skim and pour into jelly glasses or molds. Cover with parnfl.n if to be kept any length of time. If lemon Is used la stead of vinegar use one and one-half cupfuls of water and the strained juice of two lemons. Thii makes See glasses of jelly. Apricot RalL Take one cupful of aprteot jam, spread orer the following roll: Sift two capfuis of flour with three tea spoonfuls of baking powder, one-fourth leaspoonful of salt and mix in two tablespoonfuls of butter. When well Men-led add one beaten egg and two thirds of a cupful of milk. His and roll out. spread with softened butter and cores with the jam. Roll np and press gently to flatten. Place in a greased pan, brush with milk and bake in a quick oven for 20 to 30 min utes. Serre bot with: Simple Salad. Chop rather coarsely a small cab bage?to two cupfuls of cabbage and one coarsely chopped green pepper, one onion, and a half-cupful of celery. all well, add enough' mayonnaise to moisten, and serre on heart leases of lettuce. 0 1921. w?t?rs N?v?r*p*r tTnion. What Firebugs Did to Reichstag Building AN INTERIOR view of the German relchstag building, showing how it appeared after the recent Incendiary Are. The fire was attributed to Com munists, one of whom confessed to the police that he had set fire to many parts of the great chamber. The cham ber In which the parliamentary ses sions are held was completely burned out Boyishly Tailored This ensemble will B( either the masculine or feminine mood, for the suit Is boyishly tailored^ whiie the top coat. rrith Its gray Persian lamb eoh tar. stresses the feminine note. Secretary Ickes Becomes Sioux Chief HAItul.d 1CKKS, the secretary ol the interior (right) id the cabinet ot President Franklin O. itoosevelt, photf-graphed after he bad been made a Sioux Indian chief by Chief Two Bean (left). A delegation of Indians from the tribe visited Secretary (ekes and presented him with the headdress he Is shown wearing. ? ft > % I PAPA KNOWS-1 i : 1 "1'op. what la a mastodon?" I "A croaa-bon* puaale." ? i?n a*n mtktit-wtro Ivtim
The Alamance Gleaner (Graham, N.C.)
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April 6, 1933, edition 1
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