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Evening star. [volume] (Washington, D.C.) 1854-1972, April 25, 1935, Image 1

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»wSMif The„,on'y evening paper
Fair tonight and tomorrow: not much 111 Washington With the
change in temperature; lowest tempera- A^npinfprt Pvpco Npw?
ture tonight about 46 degrees; gentle ■ \ > W ASSOCiaiea rress i>ews
northerly winds. Temperatures—Highest. ■ f\ ■ ■ and Wll'ephotO Services.
72. at 4:30 p.m. yesterday; lowest. 47. at H S H ■ r
6:15 a m. today. Full report page A-12. ________________________ wiooommut
rl . N v m l d 1CYeiterday’s Circulation, 130,503
Closing N. Y. Markets,Pages 15,16&17 Some Returns Kot Yet Received.
No. 33,231. t^t^eaess^aorhV1!ftonmi)t.tl-. _WASHINGTON, D, C., THURSDAY, APRIL 25, 1935—FIFTY PAGES. *** <*> Mean, A.aeci.t.d Pr,„. TWO CENTS.
F. E. R. A. Chief and Ickes
Expected to Sit on Im
portant Board.
Admiral Peoples May Be Given
Job of Purchasing for Huge
Works Program.
*Vv the Associated Press.
As the outlines of President Roose
velt’s vast work relief set-up became
clearer today, the Capital heard more
definitely that Frank C. Walker and
Harry L. Hopkins are destined tc
share the most direct responsibility
with the Chief Executive in directing
the task of getting 3,500,000 persons
to work.
Walker recently was recalled from
private business by the President tc
reassume that directorship of the
National Emergency Council. He also
will handle applications for allotments
from the $4,000,000,000 job-making
fund, and is described generally as
the President's ‘personal representa
tive" in that work.
Hopkins, who will continue to ad
minister direct relief under the new
program as long as necessary, is
understood to be in line also for a
key place on the all-important Allot
ment Board under the new program
Appointments Expected.
An announcement will be made to
night of appointments to this board
the agency to parcel out the money
The President himself is expected tc
head this group.
Hopkins’ experience in setting up the
4.000,000 Civil Works Administration
job in 10 days was said to have made
him an almost certain choice foi
membership on the board.
Secretary Ickes. the public works
administrator, also has been mentioned
for a place, along with several others
The machinery which Mr. Roosevelt
Is setting up to spend the work reliel
fund drew praise and criticism today
from opposite sides of the poUtical
"It shows,” said Speaker Byms,
•’that he is going to carry out his
promise to handle the money through
existing agencies. He is keeping an
other promise by remaining person
ally responsible for expenditures."
Taber Caustic.
Representative Taber of New York,
ranking Republican member of the
Appropriations Committee, which han
dled the relief bill, fired this comment
at the job-making set-up:
"It is well under control—of the
Democratic National Committee!”
One official predicted that the com
pleted organization for giving work
to 3,500,000 now’ on relief rolls would
Include these men and these assign
Hopkins, chief of F. E. R. A., to con
tinue direct relief in communities un
able to care for their destitute unem
ployables, and to take a hand gen
erally in the transfer of 2,500.000 now
on work relief to jobs in the New York
Rear Admiral C. J. Peoples, Treas
ury procurement officer, to supervise
purchase of all work relief materials
and set up a central agency to buy
some of them.
Secretary Ickes, to have a hand in
administering more than $1,600,000,
000 set aside for public works—includ
ing $450,000,000 for low-cost housing.
Walker already has taken office as
director of the National Emergency
Council to maintain a clearing house
for information and application forms
and to check proposals against em
ployment needs,
Rexford G. Tugwell, Undersecretary
of Agriculture, has been named to
direct the resettlement of stranded
farm and city families in rural-indus
trial communities and on farms.
In addition, Robert Fechner. direc
tor of the Civilian Conservation Corps,
and Thomas H. McDonald, chief of the
Bureau of Public Roads, were men
tioned as possible members of the Al
lotment Board.
New Agencies Forecast.
Tugwell was designated by the
President yesterday to direct rural re
settlement projects. Mr. Roosevelt
disclosed he would create new agencies
to handle grade-crossing elimination
and rural electrification, but did not
immediately announce who w’ould
head them.
He named 43 existing governmental
agencies to help carry out the work
program and indicated some of these
would have to increase their staffs
I temporarily. Treasury officials said
1 they would need 1,000 extra men to
1 write the checks that will go to those
| benefitting from the huge program.
Brother and Sister of Condemned
Fair Taken on Secret
By tha Associated Press.
DEDHAM, Mass.. April 25—A
brother and sister of Mutton and Irv
kng Millen. who now are awaiting elec
xocutlon at State Prison for the slay
ng of a policeman, were arrested to
i lay at their Boston homes for con>
i piracy to deliver their kin from Ded
J 1am Jail last January.
The brother, Harry, and the sister
Hrs. Mary Goodman, were taken at
their home on secret indictments
brought by the grand jury three weeks
The conspiracy charges resulted from
the attempt of Edward C. Frye to de
liver the brothers January 10. At that
time, Frye fired through the jail win
dow as one of the Millens threw pep
per In the face of a guard.
The attempt was unsuccessful. Frye,
arrested the same day, pleaded guilty
and was due to be sentenced today.
Roosevelt Plans
To Give Fireside
Radio T alk Sunday
Speech to Be Principally
Devoted to Program
for Making Jobs.
By the Associated Press.
President Roosevelt will go on the
air Sunday night in a resumption of
his fireside radio talks to the Nation to
discuss the new works-relief program.
He will speak, beginning at 10 p.m..
for half an hour.
Although the President's speech will
be devoted principally to the program
for making jobs, he is expected also to
discuss generally his stewardship of
It will be the first time Mr. Roosevelt
has talked to the people since last
September 30.
Throughout his recent disputes with
some congressional factions over his
work-relief bill, the President was
urged by some advisers to present his
problems to the country via the radio,
but he put these suggestions aside.
With the bill finally enacted and
about to be put into operation, the
President was represented today as
feeling it vital that he explain the vast
undertaking to the Nation. Meanwhile,
he will unfold his organization plans
in further statements to the press.
Civil Service Has Eligibles
to Fill All Positions in
Work Drive.
The Civil Service Commission can
i furnish eligibles for all positions to be
created for administration of the
$4,880,000,000 work-relief fund, it was
stated definitely today as plans went
1 forward for gearing up the operating
1 machinery, under the direction of
Frank C. Walker.
The commission already has before
it the first request for personnel, the j
Treasury planning to take on by de
grees some 1.000 additional employes
for disbursing activities.
Terms Up to President.
To what extent the commission will
be called on will depend primarily on
j President Roosevelt, who is empowered !
I by the new law to prescribe the terms
of employment—either under civil
service or exempt from its provisions,
j However, as he has expressed himself 1
In favor of using commission regis- ,
i ters, these are expected to constitute
the principal source of supply.
In going to the commission for its
new personnel, the Treasury was fol
lowing a policy established for han
dling public works disbursements two
years ago. This method of selection
was preferred there even though pub
lic works funds could be expended for
hiring non-civil service workers. Some
other groups adopted the same prin
ciple, but there were old line agencies,
however, which made patronage ap
Pay Question Raised.
! Along with the new employment.'
the question was raised today aa to
whether rate of pay would coincide I
with the regular Government scale or
be fixed on what might be called a
subsistence basis. This matter, how
ever. is one that must be decided by
, the President.
Unless instructed to the contrary,
the Treasury is proposing to pay the
classification scale just as is'done for
their regular employes.
This was the procedure for those
workers hired under P. W. A. funds,
but it was not followed uniformly
throughout the Government.
Market Is Quiet After Holiday
Forced by Difficulties of
Grain Firm.
By the Assocleted Press.
CHICAGO. April 25.—Trading was
resumed without excitement today in
the grain pits of the Chicago Board
of Trade, closed Wednesday by the
financial difficulties of the Rosenbaum
Grain Corp., one of the biggest firms
operating on the Chicago Exchange.
Wheat and corn quotations opened
slightly higher than Tuesday’s close,
but dropped in the first few minutes.
Officials of the board predicted the
holdings of the Rosenbaum Corp.
could be disposed of in half an hour
and would cause no disturbance of
prices. No definite figures were made
public as to the market commitments
the corporation had but they were
reported to total 4.000,000 bushels.
The Rosenbaum Corp.. one of the
largest grain storage firms in the
Nation, put its affairs into the hands
of Federal Judge William H. Holly
Tuesday, applying for reorganization
under section 77-b of the amended
bankruptcy act.
Its market positions in grain, com
modities and securities were closed
out today under rulings of the court.
Yesterday plans were worked out to
cushion the shock of liquidating the
Rosenbaum firm’s business.
Refuses to Elaborate Rea
son for Slaying of
Texas Jurist.
Killed Mother First, Then Shot
Both Through Head,
He Declares.
By the Associated Press.
AUSTIN. Tex., April 25—Howard
Pierson. 20, clean-cut and handsome,
said today he killed his father and 1
mother. Associate Justice William A. i
Pierson of the Texas Supreme Court,
and Mrs. Pierson, for "a reason.” 1
After Deputy Sheriffs Sam Rogers
and Paul Blair announced he had
confessed, Pierson told newspaper 1
men he shot his parents to death late j 1
yesterday on a lonely country road 1
about 15 miles from Austin, where |
ne had lured them on the pretext of
ylewing a scenic drive.
First he shot his mother, he said,
then his father, then he sent a bullet
through the head of each "to make ,
sure they were dead.”
Next he shot himself in the left
arm. concealed his father's watch and
purse, his own purse, the .38 caliber
revolver and a pasteboard box con
taining eight discharged cartridges in
bushes several miles away and re
turned to Austin with a story that
two robbers had perpetrated the
Leads Officers to Scene.
Subsequent!’, after nine hours’ grill
rng. he led officers to the place where
tie had hidden the watch, purses, pis
tol and box. all of which were re
covered. Officers found two other
discharged cartridges in the pistol
and three at the scene of the killing.
In charging the youth formally with
murder Sheriff Lee Allen said. “We
have found the motive.” Pierson told
newspaper men he had “a good rea
son,” but officers quoted him as say- ;
ing he did it for "revenge.”
Deputy Blair quoted him as saying j
he purchased the revolver in Galves- j
ton last Saturday, driving 100 miles
out of his way to obtain it.
Pierson made the confession after
a wild night in which he twice was
taken to the scene, once to direct offi
cers to the bodies and again to recover
the gun and other articles. He also
was taken to the morgue to view the
jodies, during which has calm was not
yrnlr an
"How long had you been planning I
the killing?” he was asked. “Not very
long,” he replied.
Q. You don’t deny that you did it?
A. No. ,
Q. Your mind didn't suddenly go
blank out there, or something of that
A. I remember it all.
Q. How many shots were fired?
A. I don't know.
Q. Why did you tell your mother
ind father you were taking them out
:hat road?
A. Just to show them a scenic drive.
Q. How did you get them out of the
A. I told them I wanted to show
:hem an old Indian grindstone.
Q. What do you think your brother
rill think? (His brother is a gradu
ite student in the University of Chi
A. I suppose some one notified him.
Hie understands my troubles.
Q. Did you hit your father? (Judge
Pierson had marks on his head as
bough he had been struck.)
Young Pierson's eyes flashed as he
"I didn’t do that. He must have
Q. Why did you shoot your mother
A. Because she was closest to me.
Deputies Rogers and Blair said the
'ormer Texas University student told
hem that after he had killed Justice
ind Mrs. Pierson, he felt of their
podies and then sent a bullet into the
bead of each "to make sure they
sere dead." •
"What did you kill them for?”
Rogers said he asked him. "For re
venge.” he replied.
"Do you mean you killed your
nother for revenge?” asked Rogers.
“Yes," Pierson said.
Bleeding profusely, young Pierson
prought the first news of the tragedy
£ Austin, making his way to a hos
pital in the Pierson automobile. After
pis wound was dressed he accom
panied officers to the place where the
oodles were found.
The youth slept soundly about two
(Continued on Page 5, Column 3.)
One of Lithuanians Is Reported
Killed by Germans.
LONDON, April 25 UP).—'The
Reuter's correspondent at Kaunas re
ported today that two Lithuanian
brothers. Karl and August Einikis,
were shot, allegedly by German sol
diers. while crossing the frontier.
Karl, he said, was killed outright
and August was wounded and taken
to a hospital. August was said to
have stated that they were crossing
the frontier in a legal manner.
Sonnally Affixes Clause to
Provide Cash in Place
of Bonds.
ETinson and Patman Measures Are
Turned Down, 12 to 8 and
13 to 4.
ir the Associated Press.
The Harrison bonus compromise,
ibcralized to provide cash instead of
tonds, was approved today by the Sen
ite Finance Committee after the two
ull-cash-payment proposals had been
iverwhelmlngly rejected.
The compromise, for which admin
stration support is claimed, was voted
>ut by the committee without a rec
>rd vote after an hour and a half
executive session.
Previously, the committee had voted,
2 to 8. to substitute the compromise,
ilan lor the Vinson cash-payment i
>111, after the Vinson proposal had
>een substituted bv a 13-to-4 vote for
he inflationary Patman bill passed
>y the House.
The major change in the Harrison
oill was an amendment by Senator
formally, Democrat, of Texas, which I
was supported by Chairman Harri-1
son. to permit veterans to exchange
heir adjusted service certificates for
rash instead of negotiable bonds as
inginally proposed.
$880,000,000 Needed.
The amendment was adopted with
But a record vote. Preliminary esti
nates were that it would require about
5880,000.000 in cash, but the total
would depend entirely upon how
many veterans wanted to hold their
rertificates until maturity.
Another amendment adopted by the
’ommittee would permit the President
in his discretion to pay the cost of
the measure out of the recently en
acted $4,880,000,000 work-relief fund.
This amendment by Senator Gore,
Democrat, of Oklahoma carried by a
vote of 11 to 7.
Chairman Harrison predicted, how
ever. President Roosevelt would I
"neter in the world" take advantage i
of it.
The committee also adopted an
amendment by Senator Harrison to
Bermit veterans to apply for adjusted
service certificates until January 3,
1937. This would be an extension 1
>f two years. The original period ex
aired last January.
Two proposals to refund or cut
iown interest on previous loans by
veterans against their certificates were
rejected. An amendment by Senator I
Barkley, Democrat, of Kentucky to
refund all interest on loans since
1931 was beaten. 14 to 5. A pro
Bosal by Senator Connally to cut down
the interest to 2 per cent was de
feated 12 to 7
Policy Declaration Refused.
Before reporting the bill, the com
mittee overwhelmingly rejected an
jmendment by Senator Black. Demo
crat. of Alabama to eliminate the pro
posed declaration of policy against
i future pension law for World War
veterans. Another amendment by
Senator Gore to refund the World
War debts and pay the bonus out of
them was rejected, 11 to 7.
By its swift action today the com
mittee disposed of an issue which has I
oeen gathering strength in Congress
since before the session began. Its
iction. however, merely transfers the
oattle to the Senate chamber, where
it has been concluded from the first
that the veterans' issue finally would
oe settled.
Sentiment for the cash-payment
plan Is known to be proportionally
stronger in the Senate than in the
committee, but administration leaders
were confident the Harrison bill would
ne the final choice of the Senate.
Harrison immediately introduced
:he compromise measure In the Sen
Patman Bill Beaten.
The committee began its delibera
tions today by taking up the Patman
sill, which passed the House by an
overwhelming vote. The first motion,
jy Senators Clark. Democrat, of Mis
souri and George. Democrat, of Geor
jia, was to substitute the Vinson bill
for the Patman measure.
The vote. 13 to 4, follows:
For the Vinson bill: King. Walsh.
"(Continued on Page 3, Column 1.) I
-._ I
M’Elroy Girl Plans
Plea to Governor
To Save Kidnaper
Appeals Tomorrow for
Commutation in
McGee Case.
By the Associated Press.
KANSAS CITY. April 25.—Mary
McElroy, striking brunette daughter of
City Manager H. P. McElroy, said today
she would make a personal appeal to
morrow to Gov. Guy B. Park for the
commutation of the death sentence
awaiting her kidnaper. Walter McGee.
She and her father will drive to
Jefferson City tomorrow morning, she
said, and will present her appeal to
Gov. Park some time before noon.
Miss McElroy indicated that she
should suggest that justice would be
served and her own life made easier if
McGee's death sentence—set for exe
cution on May Id—were made life im
Both Miss McElroy and her father
have steadfastly refused to comment
on the case in any way while it was
before the courts.
(/P).—The Supreme Court, Division No.
1, today denied a rehearing to Walter
H McGee, under sentence to be hanged
in Kansas City May 10 for the kidnap
ing nearly two years ago of Miss Mary
McEloy, 26, daughter of the city man
ager of Kansas City.
One legal pathway still lay ahead
for McGee’s attorneys—an appeal to
the United States Supreme Court.
iVaivy to Retain 207 Ensigns
Serving on Revocable Basis
Gcod news came today to 207 young
ensigns when Rear Admiral William D.
Leahy, chief of the Bureau of Navi
gation, announced that all have
passed their examinations and will
remain in the service. Secretary
Swanson has approved the findings
of the Naval Examining Board, which
retains the whole class.
The ensigns are of the Naval Acad
emy class of 1933, and since they
were handed their diplomas at Anna
polis, Md., have been serving under
two-year revocable commissions, in ac
cordance with the present law. They
wUl now be mads permanent and take
# <
rank In the order in which they hate
passed their examinations.
Topping the list of those taking
the examinations are Robert B. Mad
den, Robert A. Gallagher and Ray
mond W. Thompson, Jr. The son of
former Assistant Secretary of the
Navy Ernest Lee Jahncke, Ernest L.
Jahncke, jr„ was fifty-fifth on the
list. Another of the fortunate ensigns
is William V. Pratt, 2nd, son of Lieut.
Col. H. B. Pratt, now on duty at the
Marine Corps Recruiting Station at
Boston, Mass., and nephew of Rear
Admiral William V. Pratt, now re
tired, but formerly Chief of Naval
f it does look)
l woiuy
News Note—Taxpayers were alarmed at the sight of a steam shovel working in the
Treasury grounds.
Dern Censures Col. McMullen,
Terming BusinessiScandalous’
Report on Activities Is
Turned Over to
Secretary of War Dern has admin
istered his "deepest censure' 'to Col.
Joseph I. McMullen, chief of the
patents section, judge advocate gen
eral's office, for "scandalous" business
activities and has called these al
legedly improper actions to the at- j
tention of Attorney General Cum- .
The rebuke to the Army lawyer
climaxes a long investigation of his
activities and those of certain other
Army officers by the House Commit
tee or. Military AHairs. Chairman
McSwain of the committee today dis
closed the War Department's action
In the case when he made public a
i Continued on Page 5. Column 4.) i
Senate Conferees Approve
Clause for $100,000
Hospital Fund.
Early enactment of the bill author
izing the Commissioners to borrow
$3,000,000 from the Public Works Ad
ministration to put up several urgently
needed court buildings in Judiciary
Square was made possible this after
noon when Senate conferees accepted
the House amendment authorizing a
$100,000 loan for Children's Hospital.
As soon as the House and Senate
ratify the conference report, which
is expected within a few days, the bill
will be ready for the President's
The conferees who worked out the
agreement this afternoon were Sena
tors King of Utah. Glass of Virginia
and Capper of Kansas; Representa
tives Norton of New Jersey. Ellenbogen
of Pennsylvania and Dirksen of
The bill does not raise the bor
rowing limit of $10,750,000 in the
District's P. W. A. loan law of last
year, but authorizes the Commission
ers to apply to the Federal agency
for loans for these additional pur
poses out of the balance remaining
under the present law.
The plan of the Commissioners is
to erect in Judiciary Square three
buildings to house the Police, Juvenile
and Municipal Courts, and the record
er of deeds' office. This program is
the flrs%t step toward modifying the
original* municipal center plan, which
has been held to be too elaborate
for the District to undertake under
existing conditions. Under the orig
inal plan, the District was lequired
to buy four squares north of Pennsyl
vania avenue, between Third and
Sixth streets.
It is the hope of District officials
that by placing the small court build
ings in Judiciary Square, it will be
passible at some later date to dispose
of half of the large Municipal Center
site, leaving enough ground in that
area for a new District Building
whenever the Federal Government
requires the District to vacate its
present building in the Pennsylvania
avenue Mall Triangle.
The Children’s Hospital amendment
is intended to make possible necessary
repairs and improvement. Advocates
of the amendment in the House
pointed out this will be merely an
advance to the hospital toward pay
ment for the treatment of cases that
are being sent regularly to the Chil
dren’s Hospital by the District
Forest Dating From Dim Past
Discovered in Russia.
TIFLIS, U. S. S. R.. April 25 f>P).—
Discovery of a petrified forest dating
from a prehistoric age on the slope
of the Adshar Mountains was an
nounced here today.
Prof. Vinogradov of the Tiflls For
estry Institute, who made the dis
covery, said he found trunks of-jnany
different species of trees, some of
gigantic proportions.
The forest was buried beneath the
volcanic ash of some unrecorded erup
$3,000,000 Contract for
Metal Sheeting Is Largest
of Kind in 15 Years.
The Soviet government has placed,
through the Amtorg Corp.. an order
for $3,000,000 with the United En
gineering Sc Foundry Co. of Pitts
burgh for metal sheeting.
This is the largest order of the
kind placed in the United States by
any foreign country in the last 15
years. Amtorg officials state that
further orders will be placed in the
course of the coming Summer, despite
the fact that the trade and debt nego
tiations between the Soviet govern
ment and the United States have
Russian factories which are equip
ped with American machinery are
expanding at present and the Soviet
government intends to continue the
purchase of American machinery de
spite the deadlock which exists In the
debt negotiations.
U. S. Not Involved.
The purchases are paid partly in
cash and partly on credit, but the
United States Government is not in
volved in these transactions, which
concern only the Soviet purchasing
agency in this country and American
The State Department lcoks favor
ably upon these transactions without
assuming any responsibility.
Despite the desire of the Soviet
government to negotiate a reciprocal
trade agreement on the pattern of
those negotiated with Cuba. Belgium,
Haiti and other countries, it is point
ed out at the State Department that
such negotiations are impossible.
The Soviet government has a trade
monopoly and consequently there are
no tariffs on merchandise which are
purchased abroad. There are certain
taxes for handling the goods in the
Soviet ports of entry and that ts all.
Consequently it is impassible for
this Government to negotiate a trade
agreement based on reciprocal tariff
concessions with a country where
there are no tariffs.
Kansas Committeeman to
Come to Capital to
Push Campaign.
In line with its revival of fighting
spirit, the Republican National Com
i mittee is planning to bring to Wash
ington headquarters John Hamilton,
national committeeman for Kansas
and general counsel of the commit
Chairman Henry P. Fletcher of the
national committee announced today
that Hamilton would join the head
quarters staff here. He will assist
the chairman in organization work,
and is to take up his residence here,
but will be available for work in the
field as well.
Mr. Hamilton was in Washington
yesterday. In conference with Chair
man Fletcher. Today he had break
fast with Senator Capper of Kansas
and then left by plane to return to
Senator Capper expressed approval
of the appointment of Hamilton as
an assistant to the chairman at head
quarters here, saying that he should
be able to do valuable work.
Hamilton brought to Washington a
favorable report, from the Republican
point of view, of conditions in Kan
sas and other States of the Middle
West. He said that President Roose
velt's popularity was on the wane dis
tinctly In that section of the country.
Hamilton expects to return to
Washington in a few weeks and to
remain here for a year.
As an organizer. Hamilton has had
both experience and success, although
he is comparatively a young man.
There was a definite drive to make
him chairman of the national com
mittee at the Chicago meeting last
June when Everett Sanders of In
diana and Washington was stepping
out of that office. When the roll was
called. Hamilton received a very cred
itable vote, particularly when it was
considered that the controlling and
key men in the committee had
reached an agreement on the election
of Chairman Fletcher.
Aids Parley Plan.
1 Hamilton was a prime mover in the
plan for a Midwest regional Republi
can conference, which has been so
prominently mentioned in recent
weeks as a sign of a resurgence of
Republican spirit and sentiment. He
, is now helping Harrison Spangler,
j (Continued on Page 4, Column 1.)
Earl W. Sheets Discharged by
Agriculture Department
After Probe.
Earl W. Sheets, co-ordinator of the
Beltsville. Md., experimental farm, was
discharged by the Department of Ag
riculture today, effective May 15.
The action against the former chief
of the department's Division of Ani
mal husbandry is the culmination of a
three-month probe of charges of
"neglect of duty, maladministration
and misfeasance."
Sheets was implicated in certain al
leged irregularities concerning a P.
W. A. SI,000.000 construction program
at Beltsville.
“25 Years of RobberyShout
Communists at King’s Jubilee
By the Associated Press.
LONDON, April 25.—King George’s
silver jubilee was described today as
“25 years of robbery” in a manifesto
issued by Communist leaders of the
so-called "London First of May Com
mittee.” The manifesto urged work
ers to Join in a monster May day
“On May 6 the ruling class will
celebrate 25 years of robbery of
workers in which millions of our
brothers have been slain, mutilated,
gassed and tortured,” the manifesto
says. .
“Let them have their May <J and
their jubilee; we have no cause to
rejoice. Our day is May 1. March
on that day to give a clear and de
termined reply of the working class.”
Hie Communist newspaper, Dally
Worker, declared all but the cheapest
seats at vantage points from 'which
to view the procession are .going
Meanwhile electricians swarmed
about London’s historic spots. Famous
landmarks, freshly scrubbed? and
made gay by decorations and flowers,
will be illumined from dusk uA dawn
for periods varying from a fq?rtnifcht
to a month, beginning with accession
day. May 6. \
The rays of 130 powerfu1 lights will
play upon Buckingham PalacA and
Its memorial to Queen VictoriA In
St. James’ Park across the way! 200
gas lamps will bring the illusion of
day light to flower beds, lawns, trees
and shrubs. Famous Whitehall will
be floodlighted from its one end at
Trafalgar Square to Its other at thr*
Houses of Parliament. j
Treasury Intent on Building
Up Stocks to One-Third
Ratio With Gold.
Morgenthau Points Out New In
crease Is in Accordance
With 1934 Act.
By th« Associated Press.
Secretary Morgenthau said today the
Treasury would continue to buy silver
until it reached SI 29 an ounce, or until
Treasury stocks equaled one-third of
the total gold.
The Treasury head said last night's
action In boosting the Federal price
for domestic mined metal to 77.57 cents
an ounce, as well as previous actions
in elevating the price, was simply
carrying out a mandate of Congress.
Unless total stocks reach the stipulat
ed point first, price boosts are slated
to continue until the world price
reaches $1.29.
Morgenthau was referring to the
silver purchase act passed last Sum
mer, which required that the bullion
base should be in the proportions of
75 per cent gold and 25 per cent silver.
Far Shy of Silver Base.
He pointed out that there was no
time limit set for building up the
stocks to the required levels.
Treasury statistics show the Gov
ernment stil Is far shy of its required
25 per cent silver base.
The latest Treasury statement, as
of April 23, reveals that silver stocks
of $2,900,046,727 would be necessary
to equal one-third of the gold assets
of $8,700,140,182 on that date. As
against this the Treasury had stocks
of only $931,414,722. or $1,968,632,005
short of the required total.
The Treasury's silver assets con
sisted of $801,891,201 in silver and
silver dollars, listed as “silver assets":
$4 253.601 of subsidiary silver coin,
which means dimes, quarters and half
dollars: silver bullion of a cost value
of $114,566,895. and silver bullion with
a recoinage value of $10,703,025.
Silver Senators said Morgenthau's
announcement was In compliance
with the silver purchase act.
Under it, they pointed out again,
the Treasury is compelled to continue
buying silver until the price reaches
*1.29 an ounce, or until the sil
ver monetary stocks in the Treasury
are at a ratio of X to 3 with the gold
monetary stock.
Though the Treasury has discretion
in the time and manner of the pur
chases. the law is mandatory in its
ultimate effect.
Silver Senators said the only un
certainty was the possibility that
Congress might change its mind.
They did not foresee any such change.
In fact. Senator Wheeler. Democrat
of Montana, predicted that the price
of silver would continue to rise after
reaching the American statutory price
of $1.29 an ounce. He would like to
see it go to a price representing a ratio
of 16 to 1 with gold, which, at the
present price of gold, would be above
$2 an ounce.
China Shows Concern.
Senator King, Democrat of Utah,
said, on the other hand, that if the
price went above $1.29 the Govern
ment would begin to sell, but would
always hold the price up to *1.29 un
less the law was changed.
Meanwhile the continued concern
of China over this Government's silver
policy was Informally given to Secre
tary Hull by the Chinese Minister, Dr.
Sze. That Government has previously
protested the policy as detrimental to
Chinese economic affairs.
China is now faced, Sze said, with
the same situation as existed in the
! United States in 1933. but has not the
| -4
(Continued on Page 4, Column 6.)
Silver Issues Take Leadership
With Rise of $1 to $6 a Share.
Industrials Also Gain.
By the Associated Press.
NEW YORK. April 25 —A fresh
buying wave, with silver stocks on Its
crest, swept through the New York
Stock Exchange today.
Some of the non-ferrous metal is
sues rose $1 to $6 a share and a num
ber of industrial shares advanced $1
to $2, in the most active trading in
months. Many issues reached new
highs for 1935.
The upswing in shares was a con
tinuation of thp movement which has
been under way since March. Fresh
momentum was provided by the rise
in the Treasury's silver price to 77.57
cents an ounce, from the 71.11 cents
fixed a fortnight ago.
Speculators Complained, however,
that there were but a -handful of the
stocks that might be called silver Is
sues listed, and that most of them
had the bulk of their production out
side the United States.
While some quarters saw inflation
ary implications in the silver pro
gram, markets generally failed to fol
low a distinctly inflationary pattern.
United States Government bonds held
up well and commodities were mixed.
Guide for Readers
After Dark. B-4
Comics .C-8
Finance .A-15-16-17
Lost and Found.A-11
1 Radio .B-14
Serial Story.B-12
Short Story.C-U
Society . B-2
Sports .C-l-2-3-4
Washington Wayside.A-8
Women’s Features—C-5-6-7

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