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^The Alamance gleaner VOL. LXI. GRAHAM, N, C., THURSDAY MARCH 21, 1935. ' NO. 7. News Review of Current Events the World Over President's Proposal to Eliminate Utility Holding Com panies Brings Storm of Criticism?Treasury Seeks to Simplify Nation's Currency Structure. By EDWARD W. PICKARD ?, Western Newspaper Union. THE President's special message calling for abolition of utility hold ing companies stirred up a storm that probably surprised even such an astute politician as air. Roosevelt The Presi dent urged legislation to abolish those hold ing companies which were unable to show they were operated in the public interest Representative B e r t rand H. Snell, Repub lican leader, immedi ately attacked the message, claiming the j President had de Senator Norris nounced propaganda against the pro posed legislation, and was himself propagandizing for it Utility compa nies also swung into the battle, and thousands of Investors in utility stocks are reported to have sent In protests to congress. In the senate, Norris, Ne braska Republican, offered a resolu tion calling upon the federal trade commission to Investigate propaganda regarding the legislation. The senate approved without debate. Charges were made by utility companies that because of the administration's cam paign against public utilities "the val ue of utility securities has declined by three and one-half billion dollars since 1933." Enactment of legislation to halt holding companies will cause enormous loss to the American family, one power official testified before the house interstate commerce committee. GREECE Is mopping up the loose ends of the revolt. Some fighting Is reported near the Bulgarian border where one regiment, part of the re bellious Fourth army corps, has de clined to surrender, but the revolution Is definitely over. Eleutherins Venl zelos, ex-premier, and leader of the futile revolt, was reported a refugee at Rhodes, the tiny Island where Julius Caesar was Interned by pirates some 2,500 years ago. V'enizelos was trans ferred there by the Italian government after he had been landed In Italy by one of the rebel warships. Gen. George Karmenos, rebel commander. Is safe In Bulgaria, where officials have re fused extradition. Rebel prisoners are being concentrated in camps, and courts martial are functioning in Saloniki, Kavala and Larissa, and mili tary trials have begun In Athens. It is believed that only a few of the most flagrant rebels will suffer the death penalty. Venlzelos Is almost certain to be court-martialed In absen tia, and banished forever. His elab orate home in Athens, and his valuable library have already been confiscated and will likely be converted to public use. Italy has refused to extradite him, although it Is possible that new demands will be made by the Greek government, who will claim that he took funds from a bank In Crete. Un less he is surrendered, he will prob ably move to Paris where his two sons now reside. THE senate smacked down Senator Huey Long for his filibustering tactics and his efforts to amend the administration's $4,880,000,000 work relief measure. The Kingfisb had de manded alterations in the work relief bill whlcn would take $100,000,000 away from the $600,01X1,000 earmarked for CCC work and allot It to students in colleges and universities. Long's amendment was defeated by a vote of 58 to 27. To prove that old adage of "politics makes strange bedfel lows," Long was aided by Senator Hiram Johnson of California, who de clared that the senate should have something to say about methods for spending the huge sum sought by the President. Johnson has heretofore been considered a supporter of the President. Long's amendment brought forth other proposed changes which should keep the senators busy arguing for several days. ALL outstanding first Liberty loan bonds have been called for re demption by Secretary of the Treasury hlorgentbau. The $2,1X10.000,000 out standing has been called for June 15, before which time the treasury will likely offer lower interest-bearing securities in exchange for the first Liberties, saving the government some 914,000,000 in annual Interest charges. NEW Deal policies took two more batterings as Federal courts held both the AAA and NRA unconstitution al as regards intrastate business. The administration might find some conso lation in another ruling'which held the radical Frazier-Lemke farm mortgage bill was valid. Federal Judge Merrill E. Otis, at Kansas City, declared the Frazier-Lemke law was constitutional, "although unwise in many of its pro visions and | almost Incomprehensible matter." Judge Otis said his ruling was not the first in which the act was upheld, and that an appeal was already before the United Slates Supreme court and a decision might be expected short ly. The AAA was declared invalid as regards Intrastate business by Federal Judge Ira Lloyd Letts at Providence, R. L, who Issued an injunction re straining Secretary of Agriculture Wal lace from enforcing the act against three Rhode Island retail milk dealers, on the grounds that their business was conducted entirely within the state, and the national government had no right to interfere. At Newark, N. J., Fed eral Judge Guy L. Fake ruled the na tional recovery act unconstitutional as applied to intrastate, commerce "be cause it attempts an unlawful delega tion of legislative authority." The lat ter decision agrees with that handed down by Federal Judge Nields in the controversial Weirton steel dispute. Chancellor adolph hitler's "diplomatic" cold Is over, and he I will welcome Sir John Simon, British | foreign secretary, to a conference be ginning March 24. Accompanying Sir John will be Capt Anthony Eden, lord privy seal, and disarmament authority. After the Berlin visit Eden will go to Moscow to talk with Soviet leaders. The | Berlin conferences will discuss legaliza tion of Germany's rearmament in ex change for an air Locarno pact with Great Britain, France, Italy, and Bel gium, and an eastern security pact with Poland and Russia. Limitation of arm I ament by all nations will also be taken I up. The visit is complicated by a re cent announcement that Germany pos I sesses military aviation in violation of the Versailles treaty. Because of this, j France may Invoke the Rome accord with Italy and Franco-British declara- j | tion at London in support of its move | j to keep the reich from giving the air I I force official sanction. ?. \ - ' I SECRETARY OF THE TREASURY MORCENTHAU revealed plans to | dip Into profits from gold seizure to re | tire $674,625,630 of the national debt through the use of gold certificates. Po tentially Inflationary, it will deprive nation al banks of the power to Issue currency, and save the government an annual Interest charge of $13,500,000. Questions on inflation ary implications were avoided by treasury officials, but fhev ad mitted the plan would "put gold back to Sec ret a ry Morgenthau wui~k wmcu caii uc cipanucu. Tbe maneuver will place In the hands of the federal reserve banks $674,025,630 of (told certificates, wtlch must be used as harking fir-r issue of the same sum Id federal reserve notes to retire the bonds. Note Issue against the bonds could be expanded If cur rency demands warranted, to about $1,687,500,000, since a federal reserve note need not be backed by more than 40 per cent gold or gold certificates In like percentage. What will happeu will be the Immediate simplification ot our currency system. The treasury and federal reserve banks will have all the authority to Issue money. The pan Involves retirement on august 1 of $674,625,630 of 2 per cent federal securities and substitution of federal reserve notes for $657,937,080 of out standing national hank currency. These bonds will be retired with sur plus funds created by devaln'ng the I'oosevelt dollar from 100 cents to fp.06 cents, gold. The total profit was $2,812,000,000. National bank notes Issued by na tional hanks against federal securities represent more than one-tenth of the nation's circulating currency. The ad ministration's program likely means the permanent abandonment of the na tional bank note which has been used since the Civil war. The circulation privileges expire on all bonds deposit ed by banks snd held In trust by the treasury on July 22, 1935, except on two Issues. By calling for redemption, tbe treasury will retire all securities bearing "circulation privilege" and na tional bSDka will no longer bave suit able security for issuance of their own notes. THE house appropriations commit tee favorably reported out the De partment of Agriculture appropriations bill for the ld'M fiscal year. A cut of $513,878,758 was due largely to a $411,022, 428 slash In the AAA Item. The total bill calls for $653,278,758, of which $570,000,000 would go to the Agri culture Adjustment ad ministration activities. At committee hearings It was explained that It Is Impossible to esti mate how much would have to be obligated Sec'y Wallace Decause or the crop control program, | j but the AAA Item was a rough estl | mate of processing tax collections and is not controlling. Henry Wallace, sec- ? retary of agriculture, told the commit | tee that the farmers' share of the na- j | tlonal Income is now about 10.2 per cent, and that It should be 13 to 16 per | cent Wallace said "true prosperity" can not come "until there has been a very material increase in the output of phys ical goods, Industrial goods." "If In some way It were possible to | turn out 50 per cent more industrial goods at a price definitely lower than the present price," the secretary testi fied, "the result would be to make It possible for agriculture to buy more with the agricultural "dollar and there would be more factory workers to be fed in the cities." pVEN though the senate will not act immediately on the "pink slip" bill to repeal income tax publicity, income tax figures will not be available to the public for six months, according to internal revenue officials. While it is likely the publicity act will be repealed, the house having so voted, it is not an ticipated that the senate will act on the measure for some time. Even though the latter might not act favor ably, there remains considerable work to be done before the figures can he made public, and income tax payers may be confident that prying neigh bors cannot have immediate access to such information. In the senate a drive has been started for higher fed eral Income and corporation taxes FRENCH courts have formally in dieted 19 persons. Including Mrs. Stavisky, for the Stavlsky scandal | that rocked the government after the 1 financial debacle, which caused losses of millions of francs to investors, had broken, Stavisky, known as "Hand some Alex," died from a gunshot wound as police tried to arrest him in January, 1934. AFTER twenty months of bar gaining, the documents conveying full title to the Chinese Eastern rail way to Manchukuo were initialed in j Tokyo, thus eliminating Russia as a j factor in Manchukuo. The written ap proval of the agreements was signed by Kokl Hirota, Japanese foreign min ister; Dr. Constantine Youreneff. So viet ambassador to Japan ; and by Gen. Ting Shih-Yuan, Manchukuoan minis ter of finance. The consideration was 140,000,000 yen, or about $39,300,000. The documents require that all three j governments approve them before their | formal signing about March 23. ANEW gold suit Is menacing admin istration financing and money pol icies. The suit reopening the question of Investors' claims for payment of 1,800 million dollars of government bonds In gold or an equivalent. Is brought by Robert A. Taft, son of the late chief Justice, over the sum of $1.07. Taft demands either payment of bonds In gold or suspension of all refunding of the gold clause certificates. Before going to court, Taft presented to the treasury a $50 gold clause Liberty bond and four $1.07 Interest coupons at tached, and demanded gold for both, but was refused. The suit may force the administration to close the loop holes left by the Supreme court de cisions, If that is possible. THE llendleta administration In Cuba has established a military dictatorship over the Island, constitu tional law has been suspended, the death penalty for rebels Imposed, and military governors designated for Havana and provinces. Washington is watching the situation with keen In terest. Bombings and rioting are In creasing, according to reports, with ten dead and fifteen Injured. The ob jectives of the opponents of the gov ernment Is the removal from office of President Mendleta and Colonel Ful genclo Batista, chief of the army. The strike has become almost general, nearly paralyzing all activities In the Island. Repressive measures taken by the government to quell the strikers strongly resemble the strong-arm methods prevalent In the Macbado regime, according to observers. THE senate passed the army appro priation blU, and It now goes to the house. The measure adds $20,000. 000 to the original bill making the total appropriation of $400,000,000 al most a record high, and will add 44, 250 to onr army strength, making the total of enlisted men 105,000. Newly Designed Doughnut Million-Volt Generator DR. WILLARD H. BENNETT of Ohio State university's physics department, with his newly designed doughnut mllllon-volt generator, for use In the study of nuclear disintegration. Because It Is much smaller and less costly than the models previously used for the same voltage, the new generator Is expected to greatly Increase the possi bilities for study of the atom and Its nucleus. The generator will be used in operating a hlgb vacuum tube at extremely high voltages, to produce high-speed particles which disintegrate nutlet of atoms and change the chemical elements. The new generator is of the electrostatic type and has a high voltage shield in the shape of a sphere with two holes on opposite sides. The shield Is charged by means of a silk belt whicb passes through these holes. Question box i i?EDWYNN, The Perfect Fool j J Dear Mr. Wynn: 1 am not one ot those persons who believes everything told them. For that reason I am writing to yon to find out If what I heard last night Is true. 1 heard that the richest people In New York neglect their children. Tell me, Is this true? Yours truly, ANN AKKIST. Answer: What you heard Is silly. Rich people do not neglect their chil dren. They engage nurses to do that Dear Mr. Wynn: During our natural history lesson, In school yesterday, our teacher said that about 8,000 elephants go every year to make white keys for pianos; If this is true, what do you think of It? Sincerely. E. KLiySE. Answer: I think It shows how far we have advanced in training animals. Dear Mr. Wynn: What Is meant when they say a man has "horse sense"? Truly yours, JOCK KOY. Answer: "Horse sense" Is the thing which keeps a man from mortgaging bis home to buy an automobile. Dear Mr. Wynn: My mother and father had an argu ment Ma said that Pa doesn't act the name as be used to before they were married, especially if they were on a train and passed through a tunnel. Why should men act differently, in a tunnel after marriage? Sincerely, X. M. A. MAY DIN. Answer: Before marriage a fellow always kisses his girl in a tunnel. Aft er marriage, when he gets in a tunnel, he takes a drink. Dear Mr. Wynn: What Is meant by "A Gentleman Farmer"? Yours truly, Q. KUMBER. Answer: A gentleman farmer is a man who raises nothing but bis hat. Dear Mr. Wynn: I saw a policeman stop an automo bile and arrest the driver. The man wanted to know why he was arrested and the policeman said because he had only one eye. What charge can they place against a man driving a * MOTHER'S * cook book! LABOR-SAVING IDEAS WFIEN making pastry prepare more than Is needed and place in a cold place or Ice chest, tightly covered with waxed paper. The thoroughly chilled mLxture makes more flaky crust than that baked at once. From this pastry a few tarts may be made In a hurry, or cheese straws, a meat pie, usin^left over meat Ice box rolls are another special that Minute make-ups == By V. V. Ear* have come out of biding! Too must pay attention to them and con sider them In your make-up problems. After all, they are a part of your face snd show most to advantage when they look pink and shell-like. A pink liquid powder over them will add color and make them blend with your complexion make-up. Copyright by Public Lodgor. Inc. WNU Sorrico. can be mixed and left In the Ice chest for a week. Take ofT Just the amount needed for rolls and put them to rise; when light, bake. A tin of delicious rolls are quickly served. An hour or two before baking make them Into small rolls and keep very warm, tightly covered. It Is better to grease them well with lard?that keeps the flour from drying out on top while rising. They should be more than double their bulk when put Into the oven. When bakihfg potatoes prepare , enough so that the next day a few will be available for cream potatoes. They are fully as good as those freshly cooked. liy keeping Jars of chow chow, ca pers, olives, pickles as well as cheese, celery, anchovies and numerous other condiments and relishes, one has ac cess to delightful fillings for sand wiches which need to be made In a hurry. A Jar of mayonnaise and a bot tle of french dressing should be made In such quantities that they are always available. It takes very little extra effort to double the amount when pre paring a salad dressing, and then there Is always a supply. Wash the heads of lettuce and place In a cloth or covered dish In the Ice chest, then the lettuce will always be ready for use. I'arsley well washed, leaving the moisture clinging to the leaves. If put In a fruit Jar tightly cov ered, will keep rwo weeks, fresh and green. Add a bit of water If it seems to dry out. C. W'??tern S?wmp&t>*r Union. Four Cltuei of Car Service Both railroads and street cars In French Indo-Chlna have four classes of service, with Europeans permitted to ride first, second and third but not fourth class, which la reserved for na tives. THE GIFT OF, FRIENDSHIP By ANNE CAMPBELL MY FRIEND came borne from far away, And brought a gift to me. But in my hand no bauble lay. And there was nothing I could seei She gave to me a cheering word, A happy smile, a loving glance, 4 "? And in my heart new courage stirred To conquer changing circumstance. There is no gift that can be bought* Or any work of art. As precious as the one she brought; The beauty of a friendly heart. Copyright.?WNU Service. New Style Creation car because the man has only one ej*e? Tours truly, D. SEMBER. Answer: He was probably arrested for driving because be had one lamp out Dear Mr. Wynn: In an article 1 read in one of the morning papers I saw the following headlines: "Robbed by Comic-Opera Bandits." What in the world Is meant by "Comic-Opera Bandits?" Truly yours. 0. MARIO. Answer: That means robbers wtio, after tying their victims so they can't move, use "Old Bags" to keep them quiet ?. the Associated Newspaper*. WNU Service. The "Smart Set" of hat. gloves and hag combining beige and black is worn with a novelty weave woolen dress. The hand stitched hat is felt, trimmed with grosgrain ribbon; the glo\*es and bag suede with silk faille Bedtime Story for Children By THORNTON W. BURGESS REDWING THE BLACKBIRD GIVES WARNING /CREEPING toward sleeping Danny Meadow Mouse Reddy Fox man aged to keep quite out of sight of any one In the Smiling Pool. But there was one person to whom Reddy gave no heed. In" fact, Reddy did not see him at all. It was Redwing the Black bird, sitting on top of an alder tree on the bank of the Smiling PooL Red wing had not seen Reddy until the lat ter had almost reached the Smiling PooL Then, happening to look In that direction, he had canght a glimpse of something red moving in the tali grass. Yon see. he was looking down and therefore could see what those on the ground or In the water could not see. Now Redwing does not fear Reddy Fox. There Is no reason why he should. But Redwing has no love for Reddy Fox. He knows that Reddy would gladly catch him If he could. So the Instant he was sure that it was Reddy creeping through the tall grass. Redwing flew out directly above Reddy and began to scream. "Danger I Danger I" he screamed. "Here is Red dy Fox! Danger! Danger!'* At the first warning note from Red wing, Grandfather Frog dived Into the Smiling Pool with a great splash. There wasn't any real need for hioa to do so because oat on that big green Illy pad of his, he was quite safe from Reddy. But Grandfather Frog always feels more comfortable In the water when any kind of danger is around. All along the shore of the Smiling Pool, half grown young frogs dived into the water in a panic. They knew what had brought Reddy over to the Smittng PooL Of course at the first note of Red wing's voice the eyes of Danny Meadow Mouse flew open. The instant he saw where Redwing was hovering in the air as he screamed he knew that Red dy Fox was last beneath him and that meant that Reddy was right hack of Danny himself. What should he do? Where should he run? To turn bacs l would be to run right Into Reddy's ] mouth. There wasn't a hiding place near. It was useless for him to try to outrun Reddy, for Reddy conld catch him in two Jumps. Was ever a meadow mouse in a more dreadful position? There was Reddy Fox be hind him and the Smiling Pool in front of him. To Grandfather Frog, whose big goggly eyes showed just above the surface of the water, it looked as if Danny Meadow* Mouse would soon be no more. He couldn't see one little rhance for Danny to escape. C T- W. Burgess.?VVXC Senrics. Burning Tanker Salvaged in Mid-Ocean IN TOW of the British cruiser FTobisher, the Glasgow tanker Valverda Is seen here lying deep In the waters of the Atlantic ocean, after a harrowing experi ence that tried the sou Is, and proved the heroism, of Its crew. With a volatile cargo aboard, that Included 8.000 tons of crude oil, and 4.000 tons of gasollna, the crew of the Scotch tanker fought a blaze that. If It had got out of their control, would hare spelled oblivion for themselves and their floating home. Thsjr succeeded in quelling the Are, but only at cost of disabling the vessel, and a rope from the British fishing boat Guardian was a welcome sight to the sorely pressed crew. The cruiser Froblsher then came up and took the crippled vessel In tow and brought It safely to Bermuda.
The Alamance Gleaner (Graham, N.C.)
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March 21, 1935, edition 1
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