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About The Banner-herald. (Athens, Ga.) 1923-1933 | View Entire Issue (April 3, 1933)
[ COTTON —-——-d BoLiNG ...~ i vev.. .80 EV CLOSE . ......Gyzc L—" e ———SE Flo"- No. 71. //’fi Returns ‘‘No Bill”% fter Investigating| urder Charges Monday ternoon. OND ACQUITTAL | OF PAUL SLAYING‘ ived Preliminary Trial;i itin Elected Gram:h| py Foreman. i Clarke county Grand Jury | ned a “No Bill” early Monday‘ hoon in the case of Policeman Beusse who was charged | the murder of Charlie Paul, bre on the night of March 25.‘ bhiceman Beusse waived pre ary trial on a murder war nefore Justice Joe H. Lump fonday morning. The police shot and Killed Paul in at ting to arrest him. He was ned in the Clarke county jail ut hond Saturday afternoon warrant sworn out by Mrs. ard Paul, mother of the youth. coroner’s jury which investi -1 the case last week declared klaving “justifiable in self de- ‘u',w\ B. Martin was elected ‘-“vm of the grand jury when nvened. ’ o jury is composed of Charles : },.mn. 3. H. BHubert, §¢ . ! klin. Thomas A. Gibson, s R. Crawford, Charles S. in. W. W. Hayes, John K. b« Van Noy Wier, Claude }“.\ s, W. A Capps, Roy T. cins, J. Fred Whitehead, \\'.‘ Hartman, John T. Pittard, E. ishop, B. B. Braswell, Albert 'l owns, and D. Ed Williams. i ne divorces were awarded in rior court Monday mol'ninu,‘.} the court calendar for lh:'l k was re-arranged with all nining cases listed for Mundayl 'noon. cond degree verdicts were I rded Jim Ford vs. Maggie R, M. David vs. Sara Re l n David; Mrs Ruby Pittman Douglag Pittman; Rose (,‘ut-i Cohel Samuel Cohen; enia Smith Alman vs, Nm‘munl | Altman; Mrs, Annie Lorine H.l ’ th vs. Clyde Smith; Lucile | ; jards v Clarence Edwards; | ‘ k Watkins, jr. vs. Lessie Mae | ’ kins, and Jame Fredrick \'r-,i ' ir L. Cole i : rst degree verdicts were | rded Minnie Lee Jackson \'.\'.l ' ter Jackson; Hazel Louise | ; KOl Vs Herman Jackson: l r p H. Adams vs, Charles E, ms; Jewell Estelle Moore v%.! ; L. Moore; Mrs. H. ‘A, Mer- | ' Charlie Mercer; B. ('.! ph vs, Annie I, Joseph; Ruby : th Irier vs,. Advah Hansel ' r; J. H. Tilson vs, Ethel Til- | E. C. Fleming vs. Cree B. | ‘ ng; Edr Turner Binder v-‘.3 : piph Bind Mrs. Lula Mae | ' b Evans vs, Tommie Evans, | " Mrs, Ectelle Schampert vs. E. | | ichampert : Monday Afternoon | ' °CS Stheduled to .be taken up | . day afternoon were as follow: | s ik D. Stribbling vs. State | S Y Board of Georgia; €. W. | l el vs, State Highway board: | ‘ B. B n v State High- | : voard; John Beard vs. State | Way Board; H, M. Elliott vs, | : ® Highwa Board; Hquitale | Assurance Society of U, 8. | U 5. Athe Cocoa Colo Bottling by and F, B. Williams; Few | F b ymbie vs, Aber- | ‘ d W ¢ vs. Nabors L“' " e vs. Coile; Kile vs i.‘ s two cases), and | "' VS, Athe Coach company. | F ———— | 1 | iness Confidcnce ; " Revival of Trade | Seen By Col. Michael| T | : s i sthu pirit of confidence | Newe U in promoting :|i ' of na business \\';n’? est trip to New| ( M. G. Michael. , . M vho went east on! b Mis Michael xv!urn-i New. York where | : Visit their = son, Jerome ! :_ of law in(‘-»lum-! ind farmerly assis- | raj in the feder fpartmg of “justice, | M tid Monday th{lt! T business ecircles he! ‘ v optimistic spirit, | I tbpently was borr E determined move k. £ lines of business ! normal basis. | ‘f. e ‘nd decisive actions | s Roosevelt have pul . : '0 the business men L, Michiael said. And . mendation the president is 1 “Yerywhere s strength- E . his endeavor to ; N, he declared. AU S — SIB,OOO FIRE {“,"""}-"'3' \. Ga.—(AP)—Fire in ‘ \rfiold Feed mill here ght destroyed a large - Of feed anq materials, in -30 from SIRB.OOO to $20,- THE BANNER-HERALD FULL Asscciated Press Service. Farm Striker | Gets Pen Term! N et §@ e R e ; f-.l; R : - g Ty Wee e L B E b Nile Cochran, above, father of seven children, is in South Da kota’s penitentiary. ® He was sentenced to a three-year term for manslaughter in his trial for killing R. D. Markell ip a milk strike gun battle. Cochran was a picket attempting to halt milk deliveries. { 1 i | 1 Vi ! Analysis Shows Money Is . 28 = Emerging From Hiding. . . g Places With Rapidity. | By HIRMAM HERTELL ;Associated Press Financial Writer | i NEW YORK —(#)—The use ot {«hm-l\s. rather than actual money, iful' the conduet of corporate ane personal affairs is fast returning | ito normal proportions, it is re 3\'uulul in an analysis of bank Islutislivs just made public. | In the days which led to the :hunking' crisis, the demandy ®or icuslx reached unprecedented pro portions. Money in circulation on March S—the first weekly report following the declaration of the ‘lmtiunul banking holiday—reachea | the dizzy peak of $7,538,000,000, by lt’uy the most stupedous figure in ‘lhw hi._\'lnry of the country. ! Wit the return of confldenc«:l lin the nation’s fiseal strength, | which rapidly become evident fol lowing the administration’s ag gressive banking reform policies, money began to emerge from hid ing places, and on March 29 the figure was down to $6,353,000,000, | a drop of $1,185,000,000. A study of the records shows that bank deposits in this country in 1929 totaled ' ’approximately, 1357,000,000.000, whereas the ag gregate of check clearings in thatl year was more than g00.000.0UU,1 000 something like 12-12 times all deposits. But the total amount of money in circulation during that ‘ycur was only about $5,000,000,000. I These figures serve to bring out,‘ the fundemental truth, bankcrsi explain that money is primarily a standard of value in the wurld' of business, but plays only a min-l or part. as the actual means of | payvment. ‘ The fact that same nine-tenths | of all payments are made throughl checks, which . cancel out when' brought together, is not a matter ot of chance under normal conditions. It works out this way because the financial transactions es each coéun- | ltl‘y. and between countries, natu-j ‘mlly cancel out in the statements.‘! ! ’_l‘hua the whole system of the i use of the barter process,. demon - i strates where real buying power ‘orlginatos—not in money in =2 sock or safe-deposit box, but in the products and services which the people desire to exchange. ! l ————————————————————— ] LOCAL WEATHER M | e | Fair Monday night and- ! Tuesday. Somewhat cooler in | extreme east portion Monday | night. | it o TEMPERATURE T HMheEt .. pee s eeee ces 180 | LOWESt ... seeeosoen L.... 480 ‘I MROHN ... es 2 00N Ndvenal 0 Soy s GON i RAINFALL i Inches last 24 hours .. .... .00 Potal since April 1 .. .. .. .70 Excess since April 1 .. ... 40 Average April rainfall .... 3.58 Total since January 1 .. ..12.39 Deficiency since January 1. 3.02 I Citizens Ballot Monday ~ As State Blazes Trail ~ Leading to Consideration of Prohi Repeal. | : g | 'CONVENTION WILL 1 i MEET ON APRIL 10 \ : S ——————— Wisconsin Votes Tuesday | For Delegates to Repeal . Convention. { B i DETROlT—(®)—Midhigan blazes ‘:m unmapped trail Monday, as the Ifll'st state to eleect its constitution al convention for consideration of the amendment to repeal national ptohibition | An estimated 900,000 voters will elect 100 delegates to the conven | tion, one from each of the 100 rcp | resentative districts. In each district there are twui candidates. One is pledged to vote for ratification of the l’opeall amendment; the other for retemtion of the Eighteenth amendment. Thus, when the convention assem bles on April 10, it will have no deliverative function to perform— | only a formal recording of the| ‘sentiment expressed by the vot-} ers at the polls. Although this is the first oppor-“ tunity voters anywhere have had ' to render a decisive verdict on na l&ional prohibition, state prohibition {was a clear-cut issue at the polls ilast November—and the wets won, 'U'epealed the “bone dry” clause in the Michigan constitution by a \‘vote of 1,022,508 to 475,265. { Chances Hurt - I That was done by a popular ma-| %jority. Detroit's vote weighing‘ i heavily in the balance. Monglay,‘ however, with the vote in each dis trict standing alone, the chances for repeal are proportionately less and prohibition leaders are hasing their hopes principally on that factor. Repealists concede that the vote by districts constitutes a major \hazard to their hopes and, al {though 87 of the 100 districts voted ‘last fall for repeal of the state @prohibition amendment, they issued |warnings over the week - end against “over-confidence”. ‘ In Monday's election Wayne county (Detroit), which casts ap proximately half the popular vote, elects only 21 of the 100 delegates. Governor William A. Comstock, addressing a Democratic rally, as serted that Monday's vote will de termine the ultimate fate of na [tional prohibition. “If we vote wet we'll lead the way,” he said. “If we turn about by going dry, the country will Inever get the amendment of the | books.” VOTES TUESDAY MILWAUKEE, Wis.—(#)— Wis consin will pass official judgment on the 18th amendment Tuesday, with the head of the state’s Anti- Saloon League frankly pessimistic of the outcome. The Rev. Warren Jones, state superintendent of the league, said he conceded that the repealists would . win. He said there was no hope for prohibition in Wis consin in an election at which del egates to the state's 18th amend ment convention are chosen from the state at large. If the dele gates, he added, were chosen by districts there might be some pos (Continued on Page Three) “VISITING WEEK” ; WILL BE HELD BY | ~ ATHENS SCHOOLSI | | L 52y i ' Visiting week in the Athens| Epuh]io schools will be held 'j‘hurs-z ' day and Friday, according to [slxpt. B. M. Grier. The public| in general is invited to attend, and | ‘the parents are urged to be pres~! ent | The hours are from 3:30 until 6! | ench afternoon. In all the schools.| | each grade and department will| ‘plzwe on display = some of the| school work done during the y(‘ur‘l The work is not especially ])l‘f‘-‘ pared for exhibit « but represents ‘:u:tual work done by pupils in ro::,-l éulal' school work as it is now car iried on. | | The purposes of Visiting Week fare: (1) To bring as méany par |ents as possible inside of the | school to observe the nature and character of work their c'hildren] are doing: (2) To acquaint citi-‘ | zens with the conditions and needs |of the school; (3) To bring about! ia better understanding between lhome and school, enabling parents iand teachers to work more effici "ent]y in a unified program of child l development. ! Several schools last year regis !tered 106 per cent attendance of {parents. A total of 2,304 parents !inspected the schools, observed the work, ‘'and held conferences with principals and teachers. Superintendent Grier also an nounced that a physical education exhibit will be open each after {noon at the High school gymnas- U. S. Probes Morgan & Co. Deals e et =T P gg . & : e T : S g 2 s % ":;f:"l; 4 ‘:5,.;:,:: S 3 M"{' X h: /o 2 . e g L g fk gl el . 8 s g b s ] g’ f’*j b 4 Tevamay DR A S RRy{3 B S B RS R e SR SRS el Bl Oaa 3 EoSa i e oRt ¥ ) SRR B s TR R SRR L b i e ’f’ F AT P S aee R ;}\ S§ / ?)’ i N / .:;f'é'iii?’?- SR e e ogy . eoe ‘# . ' A b o il T R B l;/ e WwRE L o L TamE o e e NEA Mfl ’ Determined to get to the bottom of security dealings as conducted by J. P. Morgan & Co., much as a congressional committee probed those of the elder Morgan 20 years ago, Ferdinand Pecora, left, and Senator Duncan Fletcher, right, conferred on means of getting ac cess to the firm’s books,”™ They are counsel and chairman of the Sen ate Banking and Currency Committee, which wants information on flotation of bond issues. SPECIAL SESSION | i I‘ WINNING SUPPORT i W | More Legislators Agree to Serve Without Pay.i Brunswick Officials Ask! ' Session. | ATLANTA —(&— Two membcrs! of the state senate who were in; Atlanta on business Monday said; they would serve without pay fm" a limited time to pass a beer bill provided the legislation carried a iltax which would go for the sup lport of common schools. They were Senators Andrew Tut lcn of Alma and Gordon Knox of I Hazlehurst, “I would vote for a beer bil) ‘provided it carried a tax, the pro !ceeds of which woud go to the] support of the ~common schools”,| Senator Tuten said. “I would hol willing to serve for a sHort e tsuy a week or ten days, withuul‘i |pay to pass such a bill” | : Senator Knox said he felt the |same way about the situation. | Both said they felt that any such ’hill should carry a proviso mak ing the sale of beer optional with ltho counties, | Senator Tuten said that in some | counties in his district, some citi !zc-ns who “ordinarily would not be lintorvstml in a beer bill, feel that [it would be all right now, since it |appears that Georgia is going to il»(- surrounded with beer states.” { The governor has not comment !('(l on the beéer situation. Several Imomber‘! of the general assembiy 'hzu'(» been quoted ag saying they i\\’ould serve without pay to pass [&l beer hill. A number of these | men said the proceeds of a beer |tax should go _either to schools or to pay Confederate pensions, ot both. “All T know about the beer sit uaticn is what I read in the news papers,” Governor Talmadge said Monday and added that no mem her of the legislature has asked him to summon the assembly in extra session on beer, although cther individuals have written to him and forwarded petitions. Representative Allen Chappell of Sumter county, here for the day, said he was in favor of beer in Gieorgia and said he would serve in an extra session without pay “if everybody else does the same.” Similar sentiments were expressed by Representative Rogers bf Wayne and Turner of DeKalb. -~ Representatve Fred Scott of Thomas county remarked that he was “undecided about the beer question because if the bill was passed it would throw a lot of my people out of employment.” He did not comment further. URGE SESSION BRUNSWICK, Ga.—(®)— Bruns wick's city commission wants beer iegalized in Georgia. The commission Monday pessed a resolution calling on Governor Talmadge to call an extra session of the state legislature to enact a beer bill. It was said at the session that the commission wanted beer for revenue and to protect the city ‘against illegal sale of the brew af ter it becomes legal under federal Jaw. | FAVORS SESSION | ATLANTA, Ga.—With sentiment favoring a special payless session of the legislature to legalize beer growing throughout the state, the | Atlanta Georgian in its leading iedltorial Monday declared: “It isn't a question of beer or no beer. I “It's a question of brining more income to Georgia or having | neighbor states receive it from l(}eorgia citizens.” ! In urging the proposed special session, the Georgian editorial cites the revenue from beer taxes which states adjoining Georgia are expecting to receive, and asserts that the tax receipts from the beverage in this state says ¥ 5 & —-‘-—' = Athens, Ga., Monday, April 3, 1933. GERMAN POLICE 10 OK, PSSP BERLIN . —(#)—W!lthout offering |! any explanation, the government | announced Monday that beginning'. at midnight no one will be allow- |’ ed: to leave German soil without| special permission of the police|! stamped onh his passport. . For several days reports havej told of an exodus of Jews in con-|< ‘giderable number to neighboring countries. At Koenigsberg Mon-I day the authorities ordered all passports withdrawn from Jews living in east Prussia. The newspaper Taegliche -Rund schau reoprted Monday afternoon that a train had been halted by }nfil‘ iee near Dresden to prevent “an‘ ~of Jews to Czecho-Slova-;| kia.” Considerable sums of money’ ‘\\'ere confiscated, the newspaper said, but Jewish passengers \verel | permitted to return to their homes !in Germany. l WELL SATISFIED { BERLIN.— (AP) — Chancellor. lAdolf Hitler's National Socialist party apparently was satiflfiedl Monday thdt it has dealt a stun ‘nlng, if not a knockout, blow to |whg;t it regards as an international Jewish menace. | l A_ resumption of Saturday's na-l tionwide boycott which paralyzed all Jewish commercial activity !was considered unlikely. Its an lhnunced purpose, to force an end to the spread abroad of stories of | anti-Jewish atrocities in Germany, Iwas believed achieved. | The Nazis also had reason to be | satisfied with the permanent ef ’ sects of the great organized dem ionstration. The boyecott was kept ! {Continued on Page Three) l { \ Expect Payments ~ Of Income Taxes . March f 0 Exceed Mar i P —— i WASHINGTON, —(®)—lncome itaxes of $2,380,200 reported on March 31 the last day for filing ‘returns brought the total fer the [month to $180,712,300, compared lwith $195410,800 a ‘year ago. | ‘The amount, however, does not |represent all returns filed because i many were mailed and would not be counted until Monday so offi :;-m|s believe the government still |has a chance of exceeding the jamount collected during last | March, The treasury statement for the lend of March showed the govern .ment completed 9 months of the | 1038 fivcal year with a deficit of | $1,361,613,789, with receipts of |'51.522, 239,493 and expenditures of | $2,885,858,282. { The gross debt of the nation on March 31 amounted to $21,362.- ]4(;{.177 as compared with $20,934,- { 729,209 at the end of February and | $18,506,720,307 on March 31, 1932. ! Cause of Deficit i A drop of nearly $300,000,000 in ‘income tax collections for the !9 months of the fiscal year was one of the causes of the deficit. In that -time the tax has amounted to $564,044,349 compared with |5653,532,165 last year. The statement showed that na tional banks had taken advantage of the Glass-Borah amendment to {the home loan bank act to in | crease their circulation backed by ! government ~ bonds carrying not {more than 3 3-8 per cent interest. } On March 31 there wast out | standing $966,660.540 of national {hank notes with $550.841,969 in {actual circulation. ! This was an increase of $81,000,- | 600 -since February 28 and $250,- ‘ooo,o@o since the law became ef it‘ective e Jaty, 1T | Before that time national bank ! notes could only be issued” when lbacm by certain varieties of 2 Roosevelt Farm Rid Program Goes Forward Rapidly; Legislation T ~ Lighten Debt Burden Is Proposed | | > , | | | | | . | | | | | it a |Open Forum Session to Be?l | Held At Memorial Hall | Wednesday. ; | e f | Complete program of the Ninth ‘l.\nnu:xl Religious Welfare Confer ence to be held at the University | Wednesday under the auspices of | the voluntary leligious associations ,was announced Monday. - At 11 o'clock there wii be al procession of regents, faculty, vis-1 itors, and students to Woodruff Hall where the first session of the conference will be held. President §. V. Sanord will preside. There will be music by the University band, a song “America’, a prayer by Rev. Lester Rumble of the First Methodist church, Athens, and then the main address “Voices of Times" % Bighop Francis J. McConnell. Pollowing Bishop Mc- Connell's address the audiemce will sing “Alma Mater” and the bene dietion will he given by the Rev. J. C. Wilkinson of the Athens First Baptist church. The music will be under the direction of Pro fessor Hugh Hodgson. At one o'clock in Memorial Hall |the annual meeting of the board lnf directors of the voluntary relig iious associations will be held. L AL 600 B w 8 eplen forum will be conducted, led by Bishop McConnell to which the public is also invited. This meet ing will be held in Memorial Hall. At 8 p. m. the concluding ses sion, of the conference will be held \in Woodruff Hall with Pro fessor Paul W, Chapman presiding. tThe orde rof procedure will be as follows: Music by the University ]G!ep club; song “Alma Mater”; Prayer by the Rev. J. W. Veatch; the main address “Christian Ap peal to the 'Best in Men”, by ims'hop McConnell; "song “All Hail the Power of Jesus' Name’; bene [diction by Rev. E. L. Hill of the | Athens First Presbyterian church. Between four and five thousand people are expected to attend the conference ;hls year according to 2. L. Secrest, director, “The suc cess of the conference will depend upon the interest nd support it re ceives from parents, educators, ministers and church people throughout the state. The commit tee extends a cordial welcome to all. WORLD’S LARGEST BREAKFAST SERVED ‘ IN N. Y. HOSTELRY | e NEW ¥ORK—The “world's larg est breakfast” was gerved Sunday to 6,000 members of the New York Police Department Holy Name So ciety at Hotel Astor. The quantity of food consumed at that Gargantuan feast exceed {ed by far the total emount re |quired for all breakfasts aboard |t'he giant F¥rench liner Ile de lF‘rance on onetrans-Atlantic round Ltrip. | ‘ This is what the policemen guests ate: 3,000 grapefruit; 1,200 pounds of oatmeal; 24,000 scram bled eggs; 33,500 rolls; 1,500 roast chickens; 4,600 pounds of potatoes; t 12.000 sausages; 900 gallons of cof fee: 1,200 pounds of butter; 1,250 quarts of cream; 800 quarts of milk and 1,000 pounds of sugar. It took vut forty-five minutes with the aid of 40,200 pieces of silverware to eat the meal cooked in two hours by Chef Frederic F. l(}uillot and forty-eight assistants, and served on 48,000 pieces of '(:hinuwal‘c by 700 waiters, The napery, if sewn together, would be large enough to cover the administration building on lthe Chicago World's. Fair grounds. iWalton County Men | Are Placed in Jail l On Whiskey Charges ! i | Four Walton county men charged with manufacturing and possess ing whiskey were placed in the Clarke county prison in default of SI,OOO bonds each following a preg liminary hearing before U. S. Com-' missioner Sara K. Hawkins here Monday morning. | Calvin Johngon, Eddie Johnson, Herbert Tuck, and Joe Wood, a Negro, were arrested by Federal | Officers Thomas and Culger and | Sheriff Gordan of Waiion county | Jast Friday at a still near Logans !vme. Six_ hundred gallons of beer and 20 gallons of whiskey were copfiscated. . .. e bool e B S sl sIR e e A. B C. Paper—Single Copies, 2c—s¢ Sunday. | He Is ‘General’ Of Forest Army | O i _‘l:]’::s:‘:}’:‘:l‘s2‘,"?:"'""v TTR | P % R e Foe a 0 o e S ? eg R R @ . e T R TR WM L. S | ‘ . i NEA Maj. R. Y. Stuart, above, chief | of the U. S. Forest Service, will l be “general’” of the 250,000 un employed who soon will gtart 1 Prgsident Roosevelt’'s reforesta tion work. i 1 A | l . | Il : Filipino Cult Members Buried Woman Alive As Husband Objected. } MARTINEZ, Callf‘——(Al’)—An-.\ cused of burying a young woman alive in a ceremony prescribed hy‘; 'itheil‘ cult for unfaithful wives, | | eight Filipinos wtre held in jail f here Monday. | Authorities said others would bhe arrested and charged with partic lipatlun in ‘the horrible death of 2 -year-old Celine Novarro, whose {body was exhumed from a hidden !gravo on Jersey Island in the San Joaquin river Sunday. By the light of flaming torches, investigators reported, the young expectant mother was thrown into her grave the night of last Nov ember 19 and earth shoveled over her living body. SBhe had been accused of un faithfulness to her sick husband when brought before a meeting of \the Kalaya-An-Marie-Clara earlier the same night in Redmen’s hall in Stockton. Her husband, who has since died, was ready enough to forgive her but the women !members of the cult demanded her death. WG < e N A Mrs. Novarro was bound and gagged, police continued, and car ried by automobile to Jersey Is land where two Filipino laborers were roused from bed to dig the grave. / While men members of the cult held torches, women hurleé Mrs. Novarro into the grave and death. And " into her face they threw a purse contain ing $l3O she was accused of steal ing from her husband’s brother. Leon Kantinello, 40-year-old Jersey Island labor camp foreman and alleged leader of the cult which has a large membership, confessed to the burial District Attorney F. J. Hoey sald. “It was justice,” Sheriff R. R. Veale quoted Kantinello as saying. «Qur justice., She was an un faithful wife.” The story of her death was brought to authorities by Pablo Busbriuante, a Filipino who had quarreled with the cult leaders: “At least seven or eight murder .charges will be brought,” said Hoey who declared he would ask the -grand jury Monday to indict 'all conected with the death ritual. Veterans Pension ] - Payments Will Be Mailed This Week ATLANTA —(®— Two p;{h‘tdlul)!\ payments of pensions to i'nnfml-1 erate veterans totaling $179,360 will be made about the middle of this week, says A. L. Henson, di rector of the veterans service of fice. ‘ Western and Atlantic railroad | rental certificates amounting to! about $63,650 will be distributed among veterans whose names were on the pension .rolls of 1930 and an amount estimated at $115,650 derived from the tobacco tax will| go to all pensioners, he said. | The railroad rental money will make about sls to sl7 available to those on the 1930 rolls and the other revenue will make .it pos sible to pay all S3O, which repre sents the February pension. Reduction in the tobacco tax from 20 to 10 per cent, effective Aprii 1, will mean about $600,000 a year less for the pension funds and no further pension mo ev will be available fi‘h rentals this year, Henson said. H2XE EDITION i ) i\ Roosevelt Measure to Re finance Farm Mortgages Introduced Monday. WASHINGTON ~—(#)— President Roosevelt’'s farm aid porgram surged forward Monday on a burst of senate speed, ? As the Chief Executive sent to congress legistation to authorize relinancing of the great load of faim indebtedness, the senate ag= r.culture committee approved—with amendments—the big farm price= raising bill which the house al ;rrc;uly has passed. : | It immediately pitched into con= | sideration of the mortgage bill | with the intention of approving it, | attaching” it to the price bill, and | reporting the consolidated mcasure i for action of the senate, all with {in the day. Ny P. o The Roosevelt message accoms panying the new bill set forth that he desired readjustment of the principal of farmers debts, reducs tion of their interest rates, and a temporary readjustment of amortis zation, to give the farmers & chance to get back on their feet. The farm price bill was amended by the committee this morning to include as an additional alternative available to the secretary of agri culture in boosting prices, tha 'Simpson plan which is intended to guarantee the farmer his cost of producing crops. As it now stands, the bill will authorize aid to pres 'ducers of wheat, cotton, corng hogs, rice, tobacco and dairy prods lut:ts. Cattle and sheep were elimis | nated. g <~ Robins®’n Sponsor o Senator Robinson, the Democras tic leader, introduced the Roosés velt mortgage bill. It was refer= red to the ' banking committes rather than the agriculture com mittee, but the latter went ahead to give ig. own approval, regarde less. 5 Here is in the main what thaq mortgage bi]l provides: A $50,000,000 appropriation foe the Treasury to subscribe to fede eral land banks’ capital to get th 4 plan at work immediately. - - A $2,000,000,000 farm mortgage ‘bond issue, the bonds to be exs changed with mortgage holders foe ‘the mortgages, under the general supervisiop of the recently con solidated’ federal farm credits 'agency. = - It sets up machinery for taking over the unpald balances of movts :gages oytstanding, and in the case of mortgages on which nothing 'has been paid, provides that the property be reappraised and a ‘muximum of 70 per cent covemq 'in a 4 new mortgage based on cure rent appraised value. 2 . This 70 per cent would be made up by 50 per cent of the value of ‘the farm and 20 per cent of the fmprovements. ¢ it n BUSY WEEK e WASHINGTON —(#)— Full em= phasis of the administration’s = economic recovery program véaé; placed Monday on the farmer, hig low prices and mortgaged home. With the reconvening of congress at noon for the fourth full weeld, of the extra session, President Roosevelt had ready a sweeping proposal to lift the debt burden em farmers by a billion dollars and more. N This legislation, an exchange of present mortgages for new certifi= cates of indebtedness camrying }sha.rply reduced interest rates, was prepared to be tacked anto - tha broad price-liting bill due to ba reported to the senate by its agri= culture committee, possibly in time for consideration Monday, & = . The farm relief bill is designed lm restore the farmer’'s pre-war purchasing power through a series of optional plans invested in thae :Ss'crntary of Agriculture, each ‘plan aimed at curtailing preduc= ‘tion. Speedy agreement in subs= stantially the same form as pros | posed by Mr. Roosevelt was exs ; ' pected Monday by committee mems bers. ¥ | Program of Week e Mr. Roosevelt intends to send %1 congress soon the same sort of relief for burdened owners of small ‘urban homes. ”géi ] This week also may see these - | parts of the Roosevelt program ‘emerging from the White H‘!‘%&f% A broad railroad mrgan::@? plan; legislation for strict r o tion of the stock and commodity exchanges and a proposal for the deveiopment of the Tennessee rivet - valley. . ' _ SR Leadcrs were hopeful Monday that within ten days the far legs . islation will be through congress and in the bands of the ad R ‘fifiifi'x ot (Contin on Page Three) g e e R e AR
