The Alamance gleaner
VOL. LIX. GRAHAM, N, C., THURSDAY NOVEMBER 2, 1933. NO. 39.
? V ? it "
[News Review ot Current
Events the World Over
President Starts on His Plan for Managed Currency and
Commodity Price Raising?Farmers' Strike Under
Way?Move for Recognition of Russia.
By EDWARD W. PICKARD
SOMEWHERE between the "sound'*
dollar demanded by the banker
and the inflated currency urged by
Senator Elmer Thomas and many oth
ers President Roose
velt takes his stand
for a managed curren
cy and a dollar of
fixed value. In a radio
address to the nation
he declared he would
undertake to raise
commodity prices to a
satisfactory level and
then would lessen the
gold content of the
dollar and nee nrires
President ? an(j dollars so they
Roosevelt would remain in a
constantly balanced equation. "Gov
ernment credit will be maintained and
a sound currency will accompany a
rise in the American commodity price
level," he said; but he insisted the
price level must first be restored be
fore anything like Inflation is estab
lished.
For the present, Mr. Roosevelt said.
It was important to tighten control
over the dollar. He added:
"As a further effective means to
this end I am going to establish a
government market for gold in the
United States. Therefore, under the
clearly defined authority of existing
law, I am authorizing the Reconstruc
tion Finance corporation to buy gold
newly mined in the United States at
prices to be determined from time to
time after consultation with the sec
retary of the treasury and the Presi
dent. Whenever necessary to the end
in view we shall also buy or sell gold
In the world market.
"My aim in taking this step Is to
establish and maintain continuous
control. This Is a policy and not an
expedient It Is not to be used mere
ly to offset a temporary fall in prices.
We are thus continuing to move to
ward a managed currency.
"Our dollar is now altogether too
greatly influenced by the accidents of
International trade, by the internal
policies of other nations and by po
litical disturbance in other continents.
Therefore, the United States must
take firmly in its own hands the con
trol of the gold value of our dollar.
This Is necessary in order to prevent
dollar disturbances from swinging us
away from our ultimate goal, namely,
the continued recovery of our com
modity prices."
Jesse Jones, RFC chairman; Under
secretary Dean Acbeson of the treas
ury and Henry Morgenthau, Jr., rep
resenting Mr. Roosevelt, were intrust
ed with the job of fixing the price at
which the RFC would buy newly mined
gold, and the first day they fixed the
price at $31.36 an ounce. Agricultural
staples and securities immediately be
gan to move to higher levels, as had
been hoped. For the second day the
price of gold was put at $31.54, and
thereupon securities and commodities
dropped, to the dismay of the Wash
ington theorists. The RFC pays for
the gold with its own debentures.
If carried to its logical conclusion,
the program means the ultimate fixa
tion of the value of the dollar with a
diminished gold content, the resump
tion of free trade in gold, and of gold
redemptions, doubtless on a bullion
basis.
IN" HIS radio address the President
told of the "relief that is being
given to those who are in danger of
losing their farms or their homes,"
?uu later saia: i
hare been amazed by
the extraordinary de
gree of co-operation
given to the govern
ment by the cotton
farmers in the South,
the wheat farmers of
the West, the tobacco
farmers of the South
east. and I am confi
dent that the corn
iarmors of the ??
Middle West will come M
through in the same magnificent fash
Jon." |
There was, however, nothing in the
speech that reassured the farmers j
who have embarked on a national
agricultural strike. Milo Iteno, pres
ident of the National Farmers' Holi
day association, declared the strike
Would continue despite Mr. Roose
T,lt's assurances of higher farm
prices.
The President failed to even men
tion cost of production," he pointed
out. "We're not going to stop this
battle until we get what we want and
have demanded?cost of production."
Mr. peno reported that the Conti
jjttal Congress of Workers and
farmers and the Technocratic Feder
ation of the World for Industrial De
mocracy had proffered tlieir co-oper
ation in the strike, and said that he
was confident the farmers themselves
would join the nonselling movements
in "great numbers."
At that time the farm leaders in
six states?Iowa, North Dakota, Min
nesota, Wisconsin, Oklahoma and Ne
braska?had officially proclaimed the j
strike, and picketing of the highways
had begun in some localities. ,
Meanwhile the embargo on wheat
shipments out of the state of North
Dakota, proclaimed by Gov. William
Langer, went into effect
'TpHAT code for retailers so long in
the making was finally completed
and signed by the President. It seeks
to insure fair practice and to protect
the small tradesman, the consumer
and the farmer with his low commod
ity prices. Retail employers with
fewer than five persons on the pay
roll are exempt from the code. Those
in communities of less than 2,500
population are exempt from any mark
up requirements. Local tribunals are
to be established to hear complaints
of retail profiteering. Child labor is
forbidden, with certain exceptions,
and the same applies to sales at a
loss.
"Loss leaders," widely used by
chain stores to attract customers, are
absolutely prohibited "in order to pre- |
vent unfair competition against lo<^l j
merchants." ,
Under a comprehensive plan for
working hours and wages, stores may I
choose to operate in one of three I
groups, having a choice of remaining
open for from 52 to 56 hours a week;
from 56 to 63 hours a week; or for I
more than 63 hours a week. Em- j
ployees In the first group will work 1
not more than 40 hours a week; in .
the second group, 44 hours a week; In
the third group, 48 hours a week.
Minimum wages range from $15 for
a 4S-hour week in cities of more than
500,000 population down to a require
ment for a 20 per cent raise and mini
mum wage of $10 a week in places
with less than 2,500 population.
MAXIM LIT VINO V, foreign commis
sar of Russia, probably already Is
on his way to Washington In response
to the Invjtatlon extended to President
Kalinin by President ;
Roosevelt to open ne^
gotiations looking to
the recognition of the
Soviet government by
the United States and
to the adjustment of
other mailers at issue ?
between the two na
tions. Administration
officials in Washing- j
ton believe the con- I
versations will take
about two weeks and *-itvinov
that before the end of the year the
President and Litvinov will announce
the resumption of normal relations be
tween the two countries and the estab
lishment of a large credit for the
Soviet republic to make purchases In
this country.
Though in giving out the correspond
ence President Itoosevelt said he was
not committed to recognition of the
Soviet government, it is said that pre
liminary soundings had satisfied him
that Russia's desire for American rec
ognition Is a concomitant to its desire
to obtain credits for the purchase of
American goods. The administration
is prepared to Join in the development
of reasonable credit facilities for the
quick disposition of accumulated sur
pluses in cotton, meat products, cop
per and other raw materials. There
are other problems that must first be
solved, such as the czarist debts and
the Communist propaganda.
The English press hailed the move
toward a Russo-American accord as a
great fofce for world peace, and said
London could not do better than copy
Washington. In Japan officials ex
pressed pleasure over the news, though
this may not have been entirely sin
cere.
COMMO'ISTS were blamed for wild
disorders that prevailed in Havana
I and in the Cuban provinces of Oricnte
I and Matanzas. linkers, butchers and
truck drivers carried on their strike in
the capital, and Ihe condition was so
serious that President Grau's cabinet
was ready to resign. An attempt was
made to assassinate Carlos Mendieta,
Nationalist leader. A bomb was ex
ploded at his residence, shattering the
front part of the building, but Men
dieta. his wife and his daughter es
caped injury.
IF RAILROADS, merchants, hotel
men and others vitally interested
| give sufficient evidence of support in
the way of guarantees, A Century of
Progress, the big 11 orld s fair in Clil
cago, may be re-opened next spring.
There has been much talk of such a
step, and now It Is urged by President
Roosevelt in a letter to the manage
ment telling of his enjoyment in his
brief visit to the exposition. He
writes:
"There seems to be a very consider
able demand that you reopen next
spring, and since there is every rea
son to believe that there are many,
I many thousands who were unable to
I afford the trip to Chicago this year,
I but hope to be in a better position next
' summer, I am inclined to agree with
I you that it would be a very tine thing
I to keep open.
"In the event that you and your
I board decide it is advisable to reopen j
next year, I shall assure you that 1
will recommend to congress that an I
appropriation be made sufficient to
maintain the government building and
exhibits there."
PREMIER EDOUARD DALADIER'S
government In France was over- j
thrown by the chamber of deputies :
and he and his ministers resigned at
once. Opposition to (
the premier's econo
my program that In
cluded cutting the sal
aries of government
workers and reduc
ing war pensions
caused his defeat,
which came on a mo
tion for a vote of con
fidence on the bud
get. The vote was 329
to 241. iceauy uaia- |
Edouard dier.g downfan was
Daladier brought about by an
outbreak of political and personal en
mities that had been held in abeyance j
for a long time.
In his final speech before the vote
was taken Daladier spoke frankly of j
the danger the franc is already facing ;
from bear raids which have drained j
many millions of dollars worth of
gold from the coffers of the Bank of |
France.
Albert Sarraut, who was naval min- '
ister In Daladier's cabinet, was given I
the task of forming a new government
by President Lebrun and succeeded in |
gathering together a ministry that may ,
or may not survive for a time. He b?- I
came premier and retained the marine i
portfolio, Daladier taking that of war.
Other holdovers were Paul-Boncour,
Chautemps and Cot M. Sarraut an
nounced that France would not enter |
separate disarmament negotiations
with Germany.
SENATE Investigators learned a lot
about Cuban loans In the inquiry |
that is being managed by Ferdinand '
Pecora, the operations of the Chase
National bank being the chief feature. |
The banking subcommittee's counsel I
disclosed that In 1930 when Cuba's
finances began to crumble, the Chase
j bank and associates, which held $40,
000,000 of Cuban obligations, sold $40,
I 000,000 of bonds to the public to pay
off their own holdings.
He developed also that the pros
pectus offering the bonds to the pub
I lie did not show a $7,000,000 deficit I
in the Cuban treasury the year be- I
fore, but Chase officials said the "best
available figures" at that time did not
disclose any shortage.
Albert Wiggin, former head of the '
bank, had previously told of the huge j
sums he received as salary and bonus
and of the $100,000 a year life pen
sion voted him by the bank's board
when he retired. There was so much
criticism of this pension that Mr. Wig
gin told the senators he had re
nounced It
WALTER JOHNSON, chief post
office Inspector In Chicago, an- I
nounced that the federal operatives
had broken up a nation-wide ring of
mall robbers who used Chicago for
the dumping ground of stolen securi
ties, and that $500,000 of the loot had
been recovered out of $050,000 taken
in three robberies.
The recovery includes $100,000 In
Italian government bonds of the $120.
000 stolen from the steamer Leviathan
several months ago; about $200,000
taken In the mail robbery In Chicago
December 0, 1032, and part of the loot
taken In a .Sacramento robbery. In
connection with the last named affair
"Gloomy Gus" Schaeffer, a member of
the Touhy gang under arrest in St.
Paul for kidnaping, and George W.
("Red") Kerr, arrested in Chicago,
have been Identified.
VTAZI propaganda In the United
1^1 States is to be Investigated by a
subcommittee of the house committee
on Immigration, according to Repre
sentative Dicksteln of New York,
chairman of the committee. "If we
did In Germany one-twentieth of what
they are doing here. we would be
shot," said Dicksteln. German so
cieties in New York were refused a
permit to hold a celebration meeting
by Mayor John P. O'Brien. on the
ground that It was arranged to .
spread Nazi propaganda.
DR. HUGO ECKKNEIt piloted the
Graf Zeppelin on another visit to i
the United States. The big airship |
came up from Brazil, stopping briefly |
at Miami, Akron, Chicago and again
at Akron, and then started on Its re
turn trip to German v.
C. 1922. Western Newspaper t'nlcn
I
CHILDREN'S
STORY
?Uy
THORNTON W. BURGESS
REDDY'S SMOOTH TONGUE
J EERY MUSKRAT was old enough
to know better than to stay around
listening to Reddy Fox. But, Uke
most folks, Jerry likes to be praised
and to hear nice things said of him
and of his things. So when Reddy
Fox said that that new house was
the finest he ever had seen, and that
not even Paddy the Beaver could
build such a bouse, Jerry Just couldn't
take himself away.
"As long as I am out here In the
water I am In no danger," thought
Jerry, "and Reddy Fox certainly does
know a good thing when he sees It
It Is a pleasure to listen to one who
understands and appreciates good
things."
So Jerry swam around In circles or
Idly floated on the surface of the
Smiling Pool while Reddy Fox talked.
Now, as of course you know, and
many of the little people of the Green
Meadows and the Green Forest have
found out to their sorrow, Reddy Fox
has a wonderfully smooth tongue. A
smooth tongue, you know. Is one that
can say all manner of pleasant and
delightful things, things to flatter
those who listen.
Reddy grinned down at Jerry In the
friendliest way. "If I were In your
place, Jerry Muskrat," said he "I cer
tainly would be very proud of such a
fine house as that. I fear 1 should
be rather puffed up over It You don't
seem to be, but If you were, I for one
would not blame you In the least
May I ask how many rooms yon have
In it?"
"One," replied Jerry, wriggling all
over with delight at this praise of his
skill. "That Is, I have one above wa
ter, but It Is very large and com
fortable. If you like the looks of my
bouse from the outside you would, I
am sure, like It still better If you
could see the Inside."
"There Isn't a doubt of It, Jerry.
There Isn't a doubt about It" replied
Reddy with great promptness. "I
should love to see the Inside of It but
I really don't need to In order to ap
preciate what a perfectly splendid
house It Is. If I lived In the water I
certainly should want you to build me
a house. In fact I am not sure but 1
would like Just such a house on land.
I think I would if only I knew how
to go about building It Do you sup
pose I could build one If I had some
one to show me how to do It?"
Jerry Muskrat's eyes shone with
pleasure at this praise of his house
and bis skill. For the time being be
forgot that Reddy Fox was an enemy
for whom all bis life long he had had
to be on the watch. Be swam in a
little nearer to the bank.
"Do you really mean that yon would
like a house like mine, only on land?"
he asked.
"I certainly do." replied Iteddy. "I
can't think of anything I would like
as well."
"I?I will be glad to tell yon Just
how to build It," said Jerry In rather
a hesitating way.
Reddy shook bis head, still smiling.
"I am afraid that wouldn't do," said
he. "In fact, I know it wouldn't. I
never In the world could do It from
being told. I should have to hare
some one to show me. Oh, Jerry, If
you would come with me and Just
show me how to build such a bouse 1
would be the happiest Fox In all the
Great World!"
Iteddy looked as If he meant every
word of It, as Indeed he did. A smooth
tongue has Reddy Fox. A very smooth
tongue.
C. 1&23, by T. W. Burgess.?WNU Berries.
FOR THE CHILDREN
C" VERY mother knows how hard It
L-? is to force children to eat the
food they should eat. The only way
to accomplish this Is to begin with
the baby. Food and feeding time will
be a happy time If habits of correct
eating are formed early. The child
who has bad his own way In all
things Is going to make a difficult
adult to live with or for other people
to enjoy being with It takes but lit
tle patience to train* baby, but often
It Is difficult when the child has be^
come willful.
All foods given children should be
simple, well cooked, easy to digest
and attractively served. Tasting the
food before being served Is an Impor
tant duty for the mother or nurse, to
be sure It Is palatable, for often dis
likes have been formed that are hard
to overcome, by one dish of poor food
The following are a few breakfast
suggestions:
Orange Honey Crispy.
Peel an orange and separate Into
sections, removing the membrane. Al
low six to eight sections for each
serving. Dip each section Into boney
and turn over In rice or corn flakes,
puffed wheat or any of the light
cereals which have been warmed un
til crisp In the oven. Arrange on an
attractive plate and serve. Maple
sirup may be used In place of honey
for variety.
Breakfast Cocktail.
One beaten egg yolk, a pinch of
salt, a teaspoonful of honey and the
Juice of two oranges. Beat well and
serve cold. This supplies Iron from
the egg yolk and vitamins from the
orange Juice. This Is a good drink to
give as a mid-meal.
The above recipes are equally good
for the nursing mother who needs to
take as much liquid as possible.
For a child of six years the addi
tion of the Juice of half a lemon to a
glass of orange Juice Is recommended
to give Increased vitamin C and to
prevent and cure tooth troubles.
Frosted Orange Juice.
Into a large glass pour a cupful of
orange Juice. Add a spoonful of va
nlla ice cream and stir a moment, then
serve.
?. 1333. Western Newspaper Union.
L GIPLIQCP
k. /v
?Timet were never to bad," tayt
disillusioned Dell, "that a woman
couldn't collect on a broken heart."
?. 1933. Bell Syndicate.?WNU Service.
Indians Catching Salmon on the Columbia River
INDIAN fishermen utilize a net at
the end of a long pole to catch
salmon as they make the run to jump
the Celilo falls on the Columbia rirer
In Oregon. The Indians hare to be
very alert as It takes great strength
and skill to hold a 30 to 50 pound
salmon when it hits the net going at
full speed.
?
Griffith Observatory Nearly Done
*TP.Hh. new Griffith observatory and hall of science is near completion on a
A mountain top overlooking Hollywood, Calif. Unique In that It will be used
for public education and pleasure rather than for purely scientific purposes, the
observ.it* rvs scientific equipment will rank with the world's finest. One of the
prominent features will be the planetarium which demonstrates the movements
of the stars by projecting their images on an overhead dome. The institution
Is the gift of the late Col Griffith J. Griffith, wealthy pioneer, who also pre
sented Griffith park to the city of Los Angeles.
? ,
Graphic Golf]
zi?i
OVJ?Mt T
USCO
TO WIT
) PCACTC6
L> SwCTS
^ TO
G2ceM
CVS 3 T^StS".
OUIMET'S IRON PRACTICE
MERE practice hitting golf shots
tends to become uninteresting
unless some element of competition
Is injected Into the picture to re
lieve the monotony. Naturally a
golfer to overcome weaknesses In cer
tain shots must practice these shots
painstakingly and regularly, a proc
ess that often calls for a consider
able amount of will power. In such
circumstances it Is an aid to make
the practice as difficult as possible;
making hazards lend a competitive
tone to the play.
for Instance, Francis Ouimet as a
youngster used to hit his practice
Iron shots to the green from behind
a tree and in each attempt try to hit
over the top. Not only was the ele
ment of height to be considered, but
also the length of the shot In order
to land It somewhere near the pin. In
time the former amateur champion
was able to carry the tree tops In
consistent fashion. This valuable
practice made shots from the fair
way a much simpler process and left
a rather confident feeling that even
OTHERS
By DOUGLAS MALLOCH
I DO not always smile.
Forever sing;
And yet not all the while
The earth's at spring.
Life now an acre which
Bat little yields,
I am not always rich,
X'or are the fields.
I do not always reap
Where I have sown;
And yet how many weep
That I have known.
At times the weary day
In sorrow ends;
I am not always gay,
Xor are my friends.
I do not always win.
Forever gain;
For life has thistles In
As well as grain.
At times the skies are wet.
The shadows fall;
But why should others fret,
I not at all?
C 1JJJ. Doaalmj MaUoclL?WJTC Serrt*.
BCNEBS
After Queen Elizabeth Bad got safe
ly across the puddle on which Ra
leigh bad put his cloak she said. "I
am afraid 1 have soiled your coat."
Raleigh replied In French. "Mon Diea
et Mon Droit," which mijrt "My
God, you're right."
BONERS are actual humorous
tid-bits found in examination pa
pers, essays, etc, by teachers.
Part of the leg of a grasshopper Is
called the decanter.
? ? ?
The Dozer Indemnity Is a sum of
money set aside for the maintenance
of old or disabled prizefighters.
? ? ?
Silas Marner's life was full of blank
and he filled up the blank with grief.
? ? ?
A man bleeding from a wound In
his head should be stood on his head
in the sawdust.
? ? ?
Instincts are things what you think
are going to happen.
? ? ?
Pickwick was a clergyman Dickens
met in America,
? ? ?
He bought a cranium for his gold
fish.
C 1131. Bell Syndicate.?WNU Service.
should he lnnd Into trouble, he bad
an excellent chance of recovering with
out taking an extra stroke.
C 1*11. Bell Syndicate.?WNI1 Service