The Alamance gleaner
VOL. LIX. GRAHAM, N, C., THURSDAY NOVEMBER 30, 1933. NO. 43.
News Review of Current
Events the World Over
Business Men, Bankers and Others Assail President's
Monetary Policy?Russia Recognized, Envoys
Named?Welles to Leave Cuba Soon.
By EDWARD W. PICKARD
American Dusiness, as represent
ed by the Chamber of Commerce
of the United States, Is now out In
open opposition to President Roose
veits monetary poli
cy. The board of di
rectors of that nation
wide organ i z a t i o n,
which la headed by
Henry L Harrlman of
Boston, adopted a res
olution declaring that
the President's course
was gravely retarding
business recovery and
re-employment, under
tti i n \ n tr tho cnvprn.
President ment's credit, prevent
Rooeevelt |ng expans|on 0(
normal credit and prolonging the de
moralization of foreign trade?In other
words, doing just the opposite of what
Mr. Roosevelt hopes It will do. The
directors demanded of the administra
tion "complete avoidance of monetary
experimentation, greenbacklsm and
flat money."
Until this time the chamber has
been supporting the President and
Mr. Harrlman has been active In pros
motlng the alms of the administration.
He attended the meeting of the board,
as did P. W. Litchfield, president of
the Goodyear Tire and Rubber com
pany; Redfield Proctor, president of
the Vermont Marble company; Paul
Shoup, vice president of the Southern
Pacific railroad; Chester I. Barnard,
president of the New Jersey Bell Tele
phone company, and nearly all the
rest of the 52 directors.
Besides attacking the President's
monetary policy, the board adopted
three other resolutions of similar
tenor.
AS HAD been expected, Prof. 0. M.
W. Sprague, special adviser to the
treasury, resigned, and In doing so he
told the President, once his pupil at
TT open p d tViot thn ?? i mmmi
?* * I u 1 u, umi MI?
Roosevelt dollar de
preciation policy not ?1
only will fall to raise J
prices substantially In :|
the absence of trade 1
recovery but will ruin |1
the credit of the gov
ernment and precipi
tate an Inflation panic.
"I believe." Sprague ?:
said In his letter, "you jj
flrfl fnrwi with tho t>l
ternative either of Prof' M' W'
giving up the present Sprague
policy or of the meeting of govern
ment expenditures with additional
money."
Having finally lost all hope that the
President might be persuaded to
change his course before It Is too late,
Professor Sprague said he was resign
ing to take the field against the Itoose
velt policy, believing that the last
chance of averting a currency inflation
debacle lies In arousing public opinion.
Another of the President's financial
advisers, though unofficial, James P.
Warburg, New York banker, Joins with
Sprague in protest against the present
monetary policies. Like the profes
sor, he will undertake to arouse public
opinion against them. This he an
nounced at a meeting of the American
Academy of Political Science in Phil
adelphia. At the same meeting Prof.
Irving Fisher, Yale economist, said the
President's monetary policy was "sub
stantially right"; and Senator Thomas
of Oklahoma asserted that he was op
posed to inflation, which will cause
general surprise.
Members of the advisory council of
the federal reserve board, composed
of prominent bankers in each federal
reserve district, met In Washington
and adopted a resolution favoring the
re-establishment of the currency on a
gold basis, together with safeguards
to be agreed upon by International ac
tion.
A CTINQ Secretary of the Treasury
Morgenthau replied to criticisms
by saying that "the credit of the United
States is as good as the Rock of Gib
raltar"; but at the same time he let it
be known that, in order to bolster up
the prices of government securities,
which have been dropping, the Treas
ury department Itself would buy fed
eral bonds with some of its surplus
funds.
PRESIDENT ROOSEVELT'S answer
to these protests against his pol
icies, as obtained by Washington offi
cials who communicated with him at
Warm 8prlnga, was to direct that the
program of depreciating the dollar for
the purpose of raising commodity
prices be continued.
The action of the chamber was co
Incident with the delivery of an ad
dress by Mr. Roosevelt at Savannah,
Ga., In which he denounced the critics
of his recovery program as "torles"
and "doubting Thomases" and warmly
defended the "experiments" he Is mak
ing. He promised that "the principles
and objectives of American self-gov
ernment will remain the same."
Washington correspondents said
that an ambitious second stage recon
struction program was being formulat
ed there for the President In his ab
sence. Important features of this plan
are sound money on a devalued gold
standard; a balanced budget to come
from proceeds of a devaluation, liquor
I monopoly and other "painless" rev
enues; a revived foreign trade on
parity currency and real progress In
resumption of foreign debt collections.
SECRETARY of the Interior Ickes.
as public works administrator,
announced that he bad turned $100,
000,000 over to the new federal hous
ing corporation that is undertaking
slum clearance work In cities through
out the country. The undertaking, he
said, would be started In Detroit with
a model housing project
RESUMPTION of diplomatic rela
tions with Russia and the recog
nition of the Soviet government came,
as was expected, on the eve of the
President's departure
ior vv arm springs. tie
and Commissar Llt
vlnor Issued a Joint
announcement of the
happy ending of their
negotiations, and Mr.
Roosevelt Immediate
ly designated William ,
0. Bulllt as American j
ambassador to Mos- I
cow, which greatly '
pleased the Russians. " "*
Within a day or so A. A. Troyan
the Soviet government ovsky
announced that Its ambassador to
Washington would be Alexander An
tonovich Tro.vanovsky, formerly dip
lomatic representative at Tokyo and
now vice chairman of the Russian
state planning commission. This gen
tleman was bom In Russia In 1882,
studied In the University of Kiev, was
exiled to Siberia in 1909, escaped and
lived in France until 1917, and served
In the Russian revolutionary army.
With recognition by our government,
Russia agrees not to allow Its agents
to propagandize against the govern
j ment of the United States; guarantees
I religious freedom and legal protection
for American nationals in Russia, and
waives all claims against the United
States growing out of the American
expedition Into Siberia in 1918-21. No
promise whatever was made by Mr.
Litvlnov concerning the attitude of
his government toward the payment
of $708,583,000 In debts owed by Rus
sia to the United States government
and to private American citizens.
FOLLOWING his conference with
Ambassador Welles in Warm
Springs, President Roosevelt Issued a
formal statement concerning the Cuban
I cltontlon tt'hloh 1MB
Bliuaiiwu
designed to let Pres
ident Grau know that
the United States Is
not ready to recognize
his government and
will not do so unless
he can persuade the
Island factions to
cease their warring
and agree among
themselves.
The statement re
Sumner Welle. lte?tV the admlnls
| tratlon's policy of recognizing any gov
I ernment, regardless of Its partisan or
factional color, which proved Itself
i representative of Its people and able
to secure their support But It was
made clear that the present Cuban
government assailed as It has been
by one revolutionary attempt after an
other, did not at present meet these
conditions,
Mr. Roosevelt supplemented his
| statement by the announcement that,
1 though Ambassador Welles would re
turn to his post In Havana after visit
ing Washington, he would soon be re
placed by Jefferson Caffery and would
resume his former position as assistant
secretary of state for Latin American
affairs. This Is In full accord with
Mr. Welles' desires though he has
been unwilling to retire from Havana
under the heavy Are directed against
him by the supporters of the Gran
government. The latter had been or
ganizing a great protest demonstra
tion designed to keep the ambassador
from landing at the Havana docks and
serious trouble was feared. Mr. itoose
velt's announcement it was hoped
would ease this teuse situation.
DREMIER ALBERT SARRADTS
government was upset by the French
chamber of deputies by a vote ot 821
to 247 due to Its Insistence on reten
tion of the gold standard and balanc
ing the budget Its defeat was really
brought about by the determination of
the unions of civil servants not to sub
mit to any financial sacrifices In the
Interests of the state. There was a
belief In Paris that Edouard Herrlot
might again be called on to form a
new ministry.
SECRETARY OF STATE HULL, who
doesn't seem to cut much of a
figure In the administration. Is to have
a new assistant secretary. President
nOAOOl'nU annololn^
??vvsvtv.iv a^uiuicu
to this post Francis
B. Sayre, son-in-law
of the late President
Wilson, and he will
succeed Harry F.
Payer who has been
transferred to the
position of special
foreign trade adviser
to the RFC. Mr.
Sayre Is a professor
In the Hnrvi?r<i lnw
school and will re- B' ?>yr*
move from Cambridge to Washington
as soon as arrangements can be made
with the university.
As adviser on foreign affairs to the
government of Slam, Mr. Sayre has
had wide experience In the negotia
tion of political and commercial
treaties. Since 1925 he has negotiated
treaties between the Siamese govern
ment and the governments of France,
Great Britain, the Netherlands. Spain,
Portugal, Denmark, Sweden, Norway,
and Italy. Be holds decorations from
all of the principal nations of Europe.
Lieutenant commander set
tle of the navy and Major Ford
ney of the marines finally found
a day of favorable atmospheric con
ditions and made their long-delayed
flight Into the stratosphere. Their
big balloon ascended from Akron,
Ohio, and reached an altitude of 61,237
feet This beat the existing record by
about 8,000 feet, though Rnssla's strat
osphere explorers claimed to have ris
en above 62,000 feet.
Settle's balloon and aluminum ball
came down In a southern New Jersey
swamp and the two daring explorers
extricated themselves safely and were
taken by airplane to Washington
where they were received by the sec
retary of the navy and other officials.
Newfoundland is about to lose
Its status as a British dominion
and be demoted to that of a crown col
ony. This course has been recom
mended by a royal commission that
has been Investigating the dominion's
tangled financial affairs. The report
of this body charges that Newfound
land's debt, which has reached the
point where the Interest consumes 50
per cent of the state's Income, Is
"largely due to reckless waste and ex
travagance and to the absence of con
structive and efficient administration."
Newfoundland was the first of Great
Britain's overseas colonies. Labrador
is Included In its government, and one
of the suggested solutions for the Is
land's difficulties has been to sell Lab
rador to Canada, paying the public
debt with the proceeds.
Seismographs an over the world
showed the other day what scien
tists declared was the greatest earth
quake ever recorded. But fortunately
It occurred way up toward the North
pole, between Greenland and Baffin la
land where there was nothing to de
stroy except land formation and no
lives to be taken.
ERNEST W. GIBSON, who formerly
was a congressman from Vermont,
will go back to Washington to repre
sent that state In the senate. He was
appointed by Governor Wilson to fill
the vacancy caused by the death of
Senator Porter H. Dale.
WISCONSIN'S farm strike flnled
out, so It was called off by the
heads of the Farm Holiday associa
tion snd the milk pooL The pickets
were all withdrawn and shipments of
milk and other farm produce to the
markets were resumed. The milk
pool leader said another "holiday"
probably would be ordered In Feb
ruary.
CHINA seems to be beaded for an
other civil war of major propor
tions. The famous Nineteenth route
army, which defended Shanghai against
the Japanese early last year, has re
volted against the Nanking govern
ment and Issued a declaration of In
dependence of Fuklen province. It la
rumored the army has reached an un
derstanding with the communists In
Klangsl province.
The fact that Fuklen's chief political
principle Is continued opposition to
Japan has caused apprehension that
It Is likely to provoke Japanese Inter
vention. The province contains exten
sive Japanese Interests and la re
garded as a Japanese sphere due to Its
location opposite the Japanese Island
colony on Formosa.
A lilt. Wsstvra Nvwaespw Cslse.
"Futurist" Church Arouses Protests * I
tpXTERIOR view ol St. Saviour's church at Eltham. England. which was
completed recently at a cost of about SoO.UUU. While some church-goers
express a liking for the new edifice. It has. In general, aroused a storm of pro
test because of Its fortress-like construction. It Is built of purplish brick and
has long slit-like windows. The vicar. Rev. (1 11 Isaacson, sees In the build
ing an attempt on the part of the church to meet the needs of the Twentieth
century.
BCNERS
, TWE auAuT-r of .
The leading character In "The Mer
chant of Venice" Is Skylark.
BONERS are actual humorous
tid-bits found in examination pa
pers, essays, etc., by teachers.
Pedagogy Is the science of walking.
? ? e
The words "give me liberty or give
me death" are attributed to Mrs. Car
rie Chapman CatL
? ? e
The Albanians are people with pink
eyes and white hair.
? ? ?
The Golden Gate Is the gate of
heavefc where all good children go
after they are dead.
? ? ?
The division of powers means that
the law-making, law-enforcing, and
law-breaking powers are separated.
?. 1933. Bell Syndicate.?WNU Service.
THE FIRST GOOD |
SNOW
By DOUGLAS MALLOCH
WHEN you And the first white
hair.
Sort of takes you by su'prlse.
Ton have had your usu'l care,
Clouds that came to summer skies,
But the clouds have drifted on
And the sun has shone again?
Though the spring has passed and
gone.
Never thought of winter then.
Bnt some morning In the fall.
Yes, some day before you know,
Yon will find the meadows all
Covered with the first good snow.
It's a warning and a sign
That the winter Isn't far.
And yon fill the shed with pine.
Knowing what our winters are.
When yon find the first white hair
It Is time to think of things.
Wrap your heart In warmer wear.
In the faith that comfort brings.
Draw np closer to the fire.
To the loved and loving near.
Think of things the old require.
For the first good snow Is here,
e. I'll. Donslu Mtlloch. ? wvu hcrlei.
CAKE WISDOM
FROM the lowly gingerbread to the
losclons melting sweetness of the
Lady Baltimore, there are cakes and
still more cakes. There are cakes for
every occasion, birthday, Christmas,
wedding and christening cakea.
With cake for dessert there Is an
Infinite variety from which to choose.
A square of gingerbread with whipped
cream flavored with a bit of chopped
preserved ginger and sweetened with
Its sirup?there la nothing equal to
It, If yon like ginger.
Chocolate cakes seem to hold the
preference, they may be rich and lus
cious, full of soft rich fillings of fruit
and nuts, or plain, covered with a
fudge frosting, any kind. If chocolate.
Is welcome.
Ribbon cake, an old-fashioned fa
vorite. Is another pretty cake with Its
light and dark layers and fruity filling
Cup cakes filled with various fillings
are always popular. Scoop out the
center, leaving a shell thick enough to
h id a chocolate nut filling or sweet
ened and flavored whipped cream and
topped with a maraschino cherry.
Chocolate cup caker filled with a
mocha or a caramel filling are espe
cially tasty.
After all the care In ingredients, ex
act measurements and careful mixing,
comes the baking. The oven should
be slow for fruit cakes and those with
molasses and brown sugar. Divide
the time the cake should bake Into
quarters. The first quarter It should
begin to rise; the second, finish rising
and begin to brown; the third, finish
browning and began to shrink from the
pan; the last quarter, test with a
toothpick to be sure the cake Is baked
to the center.
Cool on a rack to avoid a moist and
pasty bottom when the cake Is cut
If no rack Is at band use anything to
keep the bottom of the pan free from
the table.
Too much flavoring Is like too much
pecfume?In poor taste. It Is better
to blend a few drops of vanilla, lemon
and almond or two of any desired fia
voring extracts.
?. 1932. Western Newspaper Union.
K QCLiOiSP
"Stout women are like ocean liners."
says corpulent Cora. "It's hazardous
for them to try to get into their slips
under their own power."
?. 1933. Bell syndicate.? WNU Service.
BEDTIME STORY FOR CHILDREN
By THORNTON W. BURGESS
REDDY COMES BACK WITH
A BRIGHT IDEA
IN VAIN Redd; Fox sat on the bank
I of the Smiling Pool waiting for Jer
ry Muskrat to reappear. After awhile
it became clear to Redd; that Jerry
didn't Intend to return. He got up
and stretched. Then he yawned. He
looked down In the Smiling Pool and
his face was anything but pleasant
In fact there was an ugly look on Ited
dy's face.
"Now what did he have to think of
that mud for?" growled Reddy to him
self. "Kyerythlng was going One un
til be thought of that mud. He was
so Interested In the plans for that
bouse for me that In a few minutes
more 1 would have bad him out of
there to show me what to do and bow
to do it Then he remembered that
he bad to hare mud to build a bouse
properly and that ended his Interest.
I believe he was as disappointed at
having to give up the Idea of that
house as 1 am at not having him for
my dinner. I must think this over. I
certainly must."
The next night Reddy was back at
the Smiling Pool, Just as pleasant as
ever, and. If Jerry Muskrat had only
known It, Just as crafty as ever. He
waited some time for Jerry to show
himself. You see. having remembered
that no house could be built without
mud and that there was no mud to be
had where Reddy would want to build
a bouse, Jerry had given np all
thought of that house and concluded
that Reddy bad done the same. So
he wasn't looking for Reddy to re
turn this night.
As soon as he saw Jerry swimming
Reddy called to him. "Hello, Jerry
MuskratI" he cried. Tee good news
for you. I've thought of a way to get
the mud for that Dew house, so we
woD't have to give up our plana after
all."
In an Instant Jerry was all Interest.
He headed straight toward the bank
where Reddy was sitting. "How are
we to get that mud?" he squeaked.
"I've thought and thought aDd thought
until my bead ached, but the only way
I could think of la to carry It from
here, and that we can't do."
Reddy grinned. "Listen," said he.
"What Is mud?"
"Why?why?why I suppose It la
earth and water," stammered Jerry.
"Exactly," replied Reddy. "Certain
ly. Of course. To be sure. Now
don't you see how we can get all the
mud we need?"
Jerry scratched one ear. Then be
scratched the other ear.
"No-o-o," he replied slowly. "No-o-o,
I can't say that I do."
"We'll wait until It rains I" cried
Reddy triumphantly. "Well wait un
til It rains and then we will get all
the mud we need from the pile of
earth I have thrown out In digging
my underground houses Wasn't It
clever of me to think of that. Now
we won't have to give up the boose
after all and you will help me build
It just as we planned. We'll make It
the most wonderful house that ever
was!"
For a minute or two Jerry Musk rat
brightened up. Then he remembered
that what Reddy probably had throws
out wa^ mostly sand, and sand lea
not make real mud.
"You'U have to think again. Reddy
Fox," said he, and told him why. So
once more Reddy went away disap
pointed.
e. lilt, bv T. W. Bcnsw.?WXC Scrrios
i IGraphicGolfI
7
j fl?vea suoold
' udo< out
at 6aul
in putting
keeo putter
mead
i close to ?
\ gsouno.
V 0 4!
u
PUTTING SUGGESTIONS
IN TAKING the putting stance the
player should make sure that tie If
cot standing too close to the ball
Oftentimes golfers are stooped so far
over that they are looking back at
their feet Instead of outward at the
ball, their body tensed and not re
laxed. With the eye looking forward
one is better able to keep the hands
on the Inside of the line of play aud
also gain the proper path to the hole.
The clubface Is closed and the arc of
the stroke kept low to enable a sweep^
In# stroke. With this long, low arc
the tendency to hit the ball on the
upstroke is minimized. Although hard
ly noticeable, there is the same weight
transference here as in other shots.
This enables the left hand to travel
further to the left. Insuring a longer,
(latter arc.
?. 13 31. Bel! Syndicate. ? WNTJ Berries.
For the Tea Hoar
For the tea hoar, this basque of a
novelty black and white crepe bor
dered with black Persian lamb is wora
with a black crepe skirt and Cossack
cap trimmed with a gay red tassel.
Volar Bears Arc Happy in Chicago's Mew Zoc
CHICAGO'S new zoological park at
Grooklield, a suburb, U fast ap
proaching completion and many ani
mals are being Installed In quarters
made to resemble closely their natural
habitat. The photograph shows a
group of polar bears In their den re
joicing In a touch of wintry weather.