Newspaper Page Text
COTTON MARKET
MIDDLING .. . +4 ss s 9 7-8¢
PREVIOUS CLOSE .. ... .. 9%c
Vol. 101, No. 259.
President Strengthens Stand On Gold Buying As Rumor
Of Rift With Treasury Is Vigorously Denied by Woodin
EW GOTTON LOANS
PROMIGED GROWERS
WO REDUCED CROP
Additional 4 Cents Per
Pound to Go to Hold
ers of Options.
AGREEMENT REACHED
Farm Officials Near Last
of Payments for Cash
Rentals.
WASHINGTON .—(#)—The loans
io fcotton farmers who cooperated
in the crop reduction campaign
have been decided upon by farm
administration authorities in the
form of loans on which options
were given as part of the bene
fit payments.
Farm officials said a tentative
agreement had been reached to
make $37,000,000 available for op
{jon loans from the reconstruction
corporaticn, ¢
The intention is to make loans
of four cents a pound on more
than 2.200,000 bales. The loans
would be made through the Com
modity Credit corporation and de
tails are expected to be completed
within ten days. The Commodity
Credit eorporation is now making
loans of ten cents a pound on cot
ton held by the farmers.
Farmers were offered ‘two meth
ds of payment for plowing up
otton. One was h flat rental for
wnd taken out of production, the
rate of payment varying according
o productivity of the land and
the other was a lower rental plus
an option on cotton held by the
covernment equal to the amount
of cotton that ywould . have heen
produced on. the land plowed un
der. .
Tarmers taking options were
redited with paving paid gix
enta a pound for the cotton. It
otton represented hy the options
< sold for more than six cents.
that margin will go to the option
holder as profit. The eombination
option-rental method of benefi!
was selected by more than half
of the farmers joining in the re
duction campaign.
Farm' officials have about com
pleted payment of $111,000,000 -in
cash rentals. The options have
been withheld by farm] officials
and farmers have not yet had an
opportunity to eash in on them. If
is expected the loans made avail
able on options will cause farmers
to retain their options as long as
cotton is selling helow ten cents
at the market. 3
CATTLE DISEASE
WORK MAY STOP
Commissioner of Agricul®
ture Says Taimadge Veto
Will Halt Activities.
ATLANTA—(®)—A warning that
bovine tuberculosis work in Geor
gia “apparently is about to stop
because the governor vetoed ap
propriations for 1984 and 1935 has
been issued here by Dr. J. M.
Sutton, state veterinarian.
The last field man available for
bovine tubercular tests already
has lLeen removed, Dr. Sutton,
who is in charge of the work, said,
and other activities are threaten
ed.
The work at present {is being
carried on with funds remaining
from a appropriation of $75,000
for 1932-1933 bug the money will
(Continued on Page Two)
Dean of Abraham Baldwin College Tells
Of Unique Experiment in Farm Education
CHICAGO.—(AP)—An agricultu
ral college designed to turn out
leading farmers rather than farm
leaders was deseribed in an ad
dress prepared for delivery here
Monday before the American As
sociation for the Advancement of
Agricultural Teaching.
The speaker was George H. King,
dean of instruction at Abraham
Baldwin Agricultural college, now
in its first year of operation at
Tifton, Ga.
The sole announced purpose of
the school is to send better equip
bed farmers and farm home mak
“rs back te the soil in rural Geor-
Zla, ard all of its courses have
been designed fßr that end. Mem
vers of the Board of Regents of
the University System-of Georgia
call it an unique educational ex
beriment .
The founding of the school, King
‘aid, “was partly in answer to the
‘riticism that agricultu al colleges
Viie not been training farmers.”
& h -n}qiaogr~i§ p}’ S 0
ATHENS BANNER-HERALD
Full Associated Press Service
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After having blanketed Germany with feverish pro-Nazi propaganda,
Chancellor Adolf Hitler (left), and Propaganda Minister Joseph Goeb
bels were given almost unanimous support of the nation in the ple
biscite Sunday which determined the power of the Nazi regime.
Hitler Standing Today
At Peak of His Career
Nation Voices Almost
Unanimous Support of
Nazi Regime.
BERLIN, —(P)—Adolf Hitler is
armed with the almost unanimous
support of his people Monday to
press his bold drive toward a new.
deal for Germany.
More than 90 per cent of the
qualified voters cast ballots in Sun
day’s reichstag election and for
eign policy plebiscite—and ell
wover 90 per cent of those electors
rung up a resounding “Ja!” (yes)
for the chancellor and his program.
Monday the entire nation joined
in a celebration of the event hailed
by Nazi party leaders as a “Miracle
of Germany. becoming one people,”
No sooner had the result been
indcated than propaganda minister
Goebbels, whose work figured
large in the big turnout at the
?po]ls. called for a day-long demon
stration. 2
Jubilant Nazis saw Hitler in
crease the party following from 17
to 40 million voters as they con
trasted Sunday’s results with the
elections of last March 5
Besides, he got another reichstag
which will take orders willingly.
For the Nazi slate of reichstag
candidates the vote as reported by
Wolff'g agency was 39,621,437 or
92.2 per cent of the total ballots:
cast: Invailed votes 3,348,125 or 7.8
per cent. It was a total vote of 42,-
969, 562,
_+ln the plebiscite by which the
nation approved Hitlers foreign
policy and, the count was: “yes”
40,583,430 or 935 per cent: “No
2,052,100 or. 4.7 per cent; invalid
789,999 or 1.8 per cent; total 43,-
425,529,
Unmarked ballots or those which
were not marked properly or were
marred were thrown out as invalid.
Thus, with the overwhelming
support for which ne had pleaded
throughout the <ampaign, Chan
cellor Hitler was thrust upon the
pinnacle of power he sought
through popular acclaim; bui Mon-
(Continued on Page Two)
the charge on theg ground that
rural leaders were needed,” he
continued, “the large percentage
of agricultural college graduates
who failed to return to the farms
leads one to believe that perhaps
all of the graduates who went into
positions of leadership were not
leaders. 5
“In Georgia, for example, only
18.4 percent of the graduates of
the Georgia State ‘College of Agri
culture from 1902 to 1925 became
farmers, and half of these had
other business interests in addi
tion to farming.”
He said the need for recruits
had passed in the field for the
type of agricultural leaders turn
ed out by the more formal agri
cultural schodls and the present
need is for leading farmers.
The Georgia school also was de
signed to meet the needs of stu
dents of limited means, unable to
:ipdy for a four-year course in the
“type of college, King said, and
the two-year course at Abraham
SOVIET COMPACT
SEEN BY FRIDAY
WASHINGTON.— (AP) —Fresh
conversations between President
Roosevelt and Maxim Litvinoff
hurried Russo-American negotia
tions Monday toward a positive
understanding by Friday.
This goal was set by Mr. Roose
velt's sch'edulgd depatrure for a
Warm Springs, Georgia, vacation.
To reach it threre were new State
department conferences Monday
with the Soviet commissar.
Spurring the talks, whceih offi
cials confidently predict will mean
Russian recognition and perhaps
even more in the way of trade and
commercial relations, was another
personal chat Sunday night be
tween Litvinoff and the Chief
Executive.
William -C. Bullitt, State de
partment expert on Russian affairs,
was the only other official present
during the two-hour discussion.
He described it as “a peaceful
conversation with the President’
marked by the ‘“customary pro
gress.” :
F. D. R’s MOTHER
TO VISIT GEORGIA
Warm Springs and Savan
nah Make Preparations
for Distinguished Guests
WASHINGTON.— (AP) —Pres
ident Roosevelt will be accompan
ied on his trip to Savannah and
Warm Springs, Georgia, by his
mother, Mrs. James Roosevelt, sr.
It is the plan of Mrs. Roosevelt
to remain with the President dur
afternoon for Warm Springs.
The President will leave Wash
ington Friday night, arriving in
Savannah on Saturday morning to
attend the Ceorgia bi-centennial
celebration. He will depart that
afternoon fro Warm Springs.
It has been announced that the
Georgia Bi-centennial celebration
in which the President is to partici
pate, will be broadcast by WJZ
NBC next Saturday morning. It
will come from Savannah. Other
spealkers will inciude Governor
fEngene Talmadge. A massed cho
rus of 15,000 school children will
sing. The occasion marks the an
niversary of the colonization of
Georgia.
| FEAST PREPARED
WARM SPRINGS, Ga.—(AP)—
Every day the President’s Thanks
giving turkey is getting fatter and
fatter. |
The first turkey to be sent here
for the Thanksgiving night dinner
iof President Franklin D. Roose
velt is being given special atten
tion by workers at the Georgia
Warm Springs Foundation.
| The turkey came from Mrs.
lEliza F. Manry of Goggins, Lamar
county, Georgia. Mrs. Manry, whe
lis 96 years old, sent the bird by
Judge and Mrs. J. R. Terrell of
!nearby Greenville, who were recent
visitors in the Manry home.
In sending the bird, Mrs, Manry
expressed the fear that the turkey
]will not be cooked “just right for
the President,” but cooks at the
Foundation here say every effort
will be made to dissipate JMwrs.
Manry's fears.
The Pregident is coming here
|this week-end and will eat his
—ESTABLISHED 1832—
Athens, Ga., Monday, November 13, 1933.
WOMAN ~ CAPTURED
N MASSICIE CASE
(EADERS 0T FOUND
Roundup in Memphis
Fails to Net Verne or
Charles Miller.
CANGSTER /IS SLAIN
Police Shoot Suspect to
Death When He At
tempts to Escape.
MEMPHIS, Tenn—(P)—A wom
an described by police ag Mrs. K.
B. Conner, under indictment at
Kansas City in connection with
the famocus Kansas City, massacre,
was captured here Monday.
“Federal operatives said Mrs.
Conner is the woman. who tele
phoned from Hot Springs, Ark., te
Kansas City to give the gangsters
the information that resulted im
the¥massacre in which four offi
cers and Frank Nash were killed
in front of the union station om
June 17. :
Police said they had hoped they
would arrest either Charles (Pret
ty) Boy) Floyd or Verne Miller,
the Kansas City machine gunner
in the raid, bzt if either haa been
in hiding here, they were gone
when officers #aged their raid on
a dinner club on the outskirts eof
the ecity. i
The arrest was made at 8:30 a.
m., (. 8. T.) Another woman
was takeén intogcustody with Mrs.
Conner, but police withheld her
name on the theory she was not
invelved in the case.
Will T. Qriffin, inspector of po
lice detectives, sald he had obtain«
ed information some time ago that
Mrs. Conner was hiding here,
and wrote. J. Bdgar Hoover, chief
of the federal bureau of investiga
tion. Griffin saild he had been
hopeful either Miller or Floyd
would show up here. The house
in which Mrs. Conner was taken
has been watched for several davs.
George '(—l;rféfi—hine Gun) Kelly
was captured here with his wife,
Kathryn September 26.
GANGSTER KILLED
PEORIA, Illl.—(®)—Russell Hugh
es, 35, wag¢ shot and killed in a
parber shop Monday by police
seeking to question him about the
operations of “Handsome Jack”
Klutas’ half milion dollar kidnap
ing gang.
Police said Hughes was an inti
mate friend of Klutas and other
members of a syndicate that is
charged with kidnaping a dozen
wealthy gamblers of Chicago and
other Illinois cities. They indicated
he might have heen & member of
the gang.
Two police detectives were
wounded in the fight.
' Detective Fred Montgomery rec
ognized Hughes in a doorway in
spite of a false mustache as the
officers cruised by the shon.
Hughes retreated to a barber chair
and was shot dead.
As the :detective entered the
shop, Hughes hegan blazing away
with two pistols. Montgomery was
wounded in the right side and de
tective Robert Moran in the shoul
der. .
Despite his wound. Montgomery
continued firing until Hughes fell
dead. Physicaing said Montgom
ery’s wound was serious, but that
Moran’s was not. Detective Jay
Dusenberry was unwounded.
Two Are Arrested
On Liquor Charges
By County Officers
W. L. Frierson was arrested
Sunday by County officers Kidd
and McKinnon and Bailiff George
Nash, on charges of possessing
and transporting intoxicating li«
quors. Taken into custody along
with Frierson was Roosevelt Rob
inson, Negro. The arrest took place
on the Simonton Bridge road be
tween Whitehall and Watkinsville.
Committal trial was waived, and
the case will be brought before the
City court which will convene for
the November term nexi{ Monday.
Cameron Hughes will be brought
to trial Tuesday afternoon on
charge of statutory offense, it was
announced today.
Arthur Short was arrested by
city policemen Saturday on a war
rant charging larceny, and turnec
over to county officers. The war
rant was sworn out by W. A.
Cornelison. Mathew Ware is being
held in the city jail on a charge of
larceny.
Ten arrests were made for
drunkenness over the week-end,
eight for disorderly conduct, three
for ‘speeding, one for one-light
driving, and one for discharging
fire-arms within the city. One
i . \
Rumor of Lindbergh |
i Crash Proves False
MADRID, — (&) — Colonel and
Irs. Charles A. Lindburgh, landed
safély Monday near <Caldelas De
&'y, province of Pontevedera, on a
#light across Spain.
" Criginal reports were that the
American f{liers, who itook off
from Santona, Spain, for Portugal,
had been forced down near the lit
tle village in the mountains,
Red Cross Selects Cam
. paigners for One Day
Roll Call Here Tuesday.
Cross Roll Call starting in Ath
ens and Clarke county Tuesday,
were selected this morning at a
?neeting in the Georglan. hotel.
+ No distriet assignments will be
given this year and the workers
will choose their own cards of
names to solicit for funds.
Prof. H. M. Heckman is chair
man of the Roll Call and Mrs
Dave Miller and Mrs. Lester Rum
ble are co-chairmen.
The list of workers, as announ
ced by Prof. Heckman, includes:
Mrs. S. B. Adair, Miss Eugenia
Arnoid, Miss Mary Arp, Miss Mar
garet Bickerstaff, Mrs, Chas.
Brockman, Mrs. Carlton Beusse,
Mrs. Geo Burpee, Mrs. E. M.
Cartey, Mrg. Miller Clarke, Mrs.
G. B. Cook, Mrs. Lawrence Costa,
Mrs. Julian Cox, Mrs. Forrest
Cumming, Mrs. T. T. Dottery,
Mrs. Beolling Dußose.
Mrs, M. D. Dunlap, Mrs. Troy
FRdwards, Mrs. Roy Epps, Mrs.
Allen Findley, Mrs. W. L. Flor
ence, Mrs, Frank FWler, Mrs. C.
G. Garner, Mrs. R. H. Gloyd,
‘Mrs. Grant, Mrs. Bob Gunn, Mrs.
W. 'L. Hancock, Mrs. W, K
Hawks, Mrs. H. A. Heins, Mrs.
W. E. Hines, Mrs. Gilbert Henry.
" Mrs. Harold Hodgson, Mrs. Me-
Bride Howell, Mrs. J. W. Jarrel],
jr., Mrs. Jake Joel, Mrs. Paul
Keller, Mrs. R. L. Keener, Mrs.
J. M. Lewis, Mrs. Clyde McDor
man. Mrs. T. H. McHatton, Mrs.
C. D. McNelly, Mrs. Chas, Mar
tin. Mrs. Geo. Mayne, Mrs. Leroy
Michael, Mrs. Nesbit, Mrs. E. J.
O'Kelley.
Mrs. T. W. Paschal, Mrs. J.
K. Patrick, Mrs. Frank Prater,
Mrs. L, O. Price, Mrs. E. D.
Pusey, Mrs. Carl Saye, Mrs. E. S
Sell, Mrs. Hope Smith, Mrs. Beu
lah Stewart, Mrs. R. F. Thomas,
Mrs. Warren Thurmond, Mrs. L.
§. Watson, Mrs. J. T. Wheeler,
Mrg. Tom Whitehead.
Rabbi Abraham Shusterman will
speak over WTFI tonight at 7:1%
o’clock in the interest of the Roll
Call and Tuesday night Leßoy Mi
chael, chairman of the Red Cross
board of &directors will speak at
the same hour over the radio.
Wednesday Prof. M. H. Btyan
will speak at 7:00 o’clock over the
radio.
RELIEF INSTITUTE
IS PLANNED HERE
Administrators From 25
Counties to Be Trained
in Athens.
An institute for the training of
administrators in 'the surrounding
counties will be held in Athens
Thursday Friday and Saturday of
this week, it was annouced today
by Mrs, Frank Camstra, adminis
trator of the Clarke County Emer
gency Relief funds. Representatives
from twenty-five counties will
come to Athens at that time tp
study the work ag it is being carried
on here.
Elmo Ragsdale, Atlanta has been
appointed garden supervisor for
Clarke county and the morning
was spent in confurring with Home
Demonstration Agent Ru by
Thompson and County Agent Luke
Watson on plans for gardens. Mr.
Ragsdale will assist those on the
relief list in planting spring gar
dens.
Work on the waterworks and
High school drill field projects has
been resumed. Each case coming
up for relief Mrs. Camstra ex
plained is investigated -carefully.
| A budget for the family is planned
| with their aid, and enough work is
given each person to permit him
to live up to that budget, which
[ provides only for the necessities:
food shelter and clothing, Thus
‘some of the men given relief work
only two days a week, while other
lwork more,
COTTONSEED REPORT
WASHINGTON. —(#)— Cotton
seed crushed in the three-month
period, August 1 to October 31,
was reported Monday by the cen
sus bureau to have totaled 1,402,
345 tons, compared with 1,432,033
tons in the same period a year
M e R
Rumor of Job As
Notre Dame Coach
. A
Denied By Mehre
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HARRY MEHRE
Coach Harry Mehre this morn
ing emphatically denied that he
had been approached in regard to
a job as head codch of the Notre
Dame’ Irish next year,
“All 1 know ig what I see in the
papers,” Mehre declared, when ap
proached on the subject. “There is
nothing to the rumor,”
A story came out of New York
Saturday stating that Mehre was
being gonsidered as 8. successor to
Coach Heartly “Hunk”™ Anderson,
Notre Dame mentor.
Several other well known coach
es have been mentioned in the
same connection' during the past
few weeks. These include Bernie
Bierman, of Minnesota, and Nobel
Kizer, Purdue coach, 'whose team
defeated Notre Dame last Satur
day, 19 to 0. !
It is reported that Amderson' is
“on the spot” because his Notre
Dame squad has lost the past four
games/ in which the Irish have
have failed to score.
JURORS FOR CITY
COURT SELECTED
November Term to Begin
Next Monday; Judge
Tuck to Preside.
Fifty jurors for the ecity court
November term which will begin
next Monday have been selected, it
was announced at the office of El
mer J. Crawford, clerk, this morn
ing. Judge Henry Tuck presides at
this court.
The jurors drawn are:
G. M. Caskey, jr., Ralph Saye,
L. A. Palmisano, Herbert Swartz
Jno. T. Saye, H. S. Johnson, Fred
J. Ball, I. J. Oldham, M. T. Tony,
D. B. Michael, R. E. L, Snelson,
Howard Johnson, H. O. Langford,
A. B. Short,
B. F. Carr, C. N. Hodgson, jr.,
J. E. Mealor, Edwin 'Kellogg, J.
Guy Hancock, W. H. Little, Ern
est Michael, C. J. Michael, R. J.
Palmisano, J, Barbher Wier, J. G
Crawford, E. B. Braswell, R. J.
Hardeman, W. L. Florence, D. O.
Lindsay, John T. Hardeman, Carl
A. Fowler, H. J. Jackson, Ed I.
Hale, Kell Fowler, Glenn N. Dil
lard.
C. F. Elder, H. L. Laboon,
Wade S. Saye, Geo. W. Griffeth,
L.. W. Secarbrough, Roy T. Scog
gins, J. Hs Couch, H. L.’ Parr,
J. H. Patman, W. H. Benson,
Charlie Bough, H. T. Male, Chas.
1.. Rice, B. C. Lumpkin, and C.
R . Daniel, .
Freak Dust Storms
And Heavy Snowfall
Take Twelve Lives
By The Associated Press
Death preperty damage and dis
comfort Monday marked the trails
of two meteoralogical disturbances—
a heavy snow storm in portions of
the east and a blinding hard-driven
series of freakish dust storms that
pelted middlewesternerg with dirt.
A dozen or mere deaths were
attributed to the two attacks ‘by
the elements. Seven of the deaths
occurred in the Rochester, N. Y,
region, blanketed by snow over the
week end. One man lost his life off
the coast of Cape, N. J., when a
barge sank during a .gale. Two
others were reported drowned at
Leamington, Ont., while in New
Hampshire < young mountain
climber perished from exposure in
a snow storm, ¢
Republic, Mich.,, reported ‘two
trappers were believed lost in the
vicinity of Granite lake, while twe
duck hunters were missing on
Lake St. Cair.
Driven by High winds, originat.
ing over Saskatchewan, the Mid
west deluge of dust early Monday
was apparently sweeping toward
the eas whete it was expected te
W
A. B. C. Paper—Single Copies, 2c—sc¢ Sunday
University Debaters
Meet Columbia Team
Toright in New York
R R e : |
NEW YORK.— (AP) —Debaters
from the University of Georgia, C.
E. Gregory, jr., .of Atlanta, and
William Maddox of Rome, meet
Columbia University speakers here
Monday night. The Georgians won
from Yale in a debate Friday
night. On Tuesday they go to
Philadelphia to debate the Univer-‘
sity =of Pennsylvania - before 500
Philadelphia bankers and business
men at a luncheon meeting of the
Bankers’ club. |
|
More Than_Six Million
Dollars Loaned by Chase
- Bank to Railroad.
WASHINGTON.— (AP) —Sen- |
ate stock market investigators’
records yielded evidencg Monday
of loans of more than $6,000,000 by
the Chase National bank in 1930 tof
two syndicates in Seaboard Airline
stock in which Harvey C. Couch,
now director of the Reconstruction
corporation, figured. ‘
The records also disclosed a
loan of $549,000 in 1929 to a third
syndicate in the same stock.
All three pool operations were
during the year in which the road
went into receivership. The rec
ords, however, did not disclose
whether the syndicates were or
ganized to dispose of the stock,
nor did they explain any other
details of operation.
The biggest of the three appar
ently . was. a syndicate -in which
Norman H. Davis, American am
bassador-at large, acted as mana
ger for S. Z. Mitchell, New York
capitalist,
The record showed the syndicate
borrowed $3,300,000 from the Chase
bank in January, 1930, and that
the participants, together with
their respective - interests, includ
ed:
Dil'cn, Read and Company, $2-
500,000; V. Everitt Macy, $260,000;
Coverdale and Colpitts, engineering
firm of New York, $500,000; Chase
Securities corporation, $1,000,000;
U. 8. and Foreign Securities cor
poration, $500,000; Southwestern
Investors corporation, of which
Couch was® president, $800,000;
Equitable Trust company, $600,000;
Rogers Caldwell, Tennessee capi
talist, $500,000; E. A. Vates, Alaba
ma Power company, $250,000; W.
W. Atterbury, president of the
Pennsylvania railroad, $100,000; I.
B. Tigrett, Jackson, Tenn., SIOO,-
000; Frank M. Swacker, New
York, $100,000; Clarence H. Mac
kay, New York, $100; and Leonard
A. Yerkes, New York, SIOO,OOO.
- In the same month, the Chase
bank made a loan of $2,795,000 to
a syndicate managed by Dillon,
Read, on which collateral was fur
nished as follows: Dillon, Read,
$1,020,175; Coverdale and Colpitts,
$69,875; J. A. Moffett, $279,500;
Rudolph G. Pack, $209,625; Couch,
$987,600; Caldwell, $237,5675.
~ The third syndicate was shared
in equally by Chase Securities,
‘\Redmon and Company, and Free
man and Company.
~ The committee will resume its
hearings Tuesday with Harry F.
Sinclair, millionaire oil man, sub
poenaed to tell about operations of
a $35,000,000 pool in stock of the
Sinclair Consolidated Oil corpora
tion, which netted profits of $12,-
000,000,
All Checks But One
Received For Cotton;
Total’ Near $30,000
All the Clarke county cotton
checks have been received except
one, iy was announced today at the
office of County Agent Luke Wat
son, Thess checks total $2,614 and
brings the total of the moeney re
ceived here to approximately $29,-
950,
It is expected that instructions
as to the cotton options will be re
ceived soon. These options were
given farmers who plowed under
part of their cotton. It is believed
that the tep-cent loans will apply
to this cotton also, although noth
ing definte has been decided.
New NRA Supplemental
List Is Rececived Here
A supplemental lis¢ of signers of
the President's reemployment
agreement has been received from
the National Recovery Administra
tion by Postmaster Paul Smith.
The list hag been posted on the
bulletin board in the federal build
ing and includes:
Retailers: Fickett's, Lawrence
MecCune, B, F. Von Cannon and
H. R. Whaters.
Service organizations: Antonio
Bojuso, W. O. Coker, Fred G.
Flournoy, Albert M. Hanson, Jack
son’s Laundry, Isaac D. King, F.
C. O'Kelley, John T. Saye, W. W.
OOSEVELT STANDS
FIRM ON MONETARY.
PRICE-LIFT POLICY
. ~lal
Conference of Financial
Leaders Held At White
. House Sunday.- =
NO NEW MOVE SEEN
Cold Price Placed At New
High Today By Finance
= 4 RS
Corporation.
——ee LA "
WASHINGTON.— (AP) —Pres
ident Roosevelt Monday steod by
his gold-buying, price-lifting mon
etary policy with administration
sources understanding that he mow
proposes no considerbale chan ”‘”
but hopes his aides will be parties
ularly careful. (oS
Officials were called in on Qé?
White House conrerence Sunday
night but would not talk for publi=
cation Monday. They did indicat \?
privately that no new money move
was in prospect. o j;
The President was represen }»«2?’E
as simply wanting to talk over de= *
‘velopments with the men who b d .
‘been watching them. It wds ~
‘derstood he asked caution so th it
‘bond preies would not be furtk
or materially depressed, as
were last week, and so that other =
countites would not feel compelled =
’tu start a currency depreciation
race matching the dollar's fall.
Conference Friday b
No attention, it was said, was"
given to the meeting called by ¢
Senators Thomas (D.-Okla.) and =
Smith (D.-S. C.) for next Friday. &
| Participants in the White *
conference indicated they had ne |
advance notice of the senatorial =
call for a gathering of “all schools
of thought on monetary reform.”
Thomas, in a statement accom
panying the call, said this:
“In spite of opposition at home
and abroad, the President is mak
ing progress in the revaluation o
gold. There are many reasons so
believing that our price of g¢ 4 i
must go to deuble the statutory
figure—that is, it must not stoj
short of $41.34 an ounce.,” ,
When President Roosevelt initi~
ated his plan of buying gold at a
higher figure than the world mar
ket price, in order to make the
dollar cheaper, some believed that
he might be aiming at the ‘;!T*",’M
mark, long advocated by Senator
Thomas and others. There has
been nothing tangible, however, to
confirm that belief. i
Price Again Boosted .
A price of $33.46 was fixed Mon=
day for R. F. C. purchases of
newly-mined domestic gold, 18
cents higher than Saturday and &
new high. T AN ‘ff:' 2
been watching them. It mas unm=
the price of gold at -London, cons
verted into dollars at the opening
excpange rate of $5.11, i
The exchange rate later moved
to ss.id. T
The increase of 13 centq*‘& he /!
domestic rate compared with an
increase of 30 cents in the
gold pride. r o
—me e
WOODIN BACKS CHIEF
WASHINGTON—()—A vigorous
‘denial that the treasury is oppos= =
ing President Roosevelt's gold &
' buying policy was made Monday
by. Secretary Woodin.
Coincident with another hike in
the RFC purchase price for newly
mined domestic gold to $33.45 an
| ourice, the secretary of the treass =
ury was a White House visitor,
Later he ecalled reporters to his
desk at the treasury and said: =
“The president has beén good
enough to consult with me in *‘“
program. e s S
“I am heartily in sympathy with =
all his policies and will back them =
to the limit.”
The move apparently was oo€s
casioned by published reports th&fl;
Secretary Woodin, as well ag Gov!%
ernor Black of the federal
board and Henry Bruere were :»"":%j'
e &
(Continued on Page Two)
——— R
LOCAL WEATHER
e e ——— s “3‘:
Fair tonight and Tuesday,
colder tonight and in extreme
south portion and on the coast
Tuesday, rising temperature in
north portion Tuesday; frost,
mostly light, tn north and -
west central portions tonight,
TEMPERATURE = . © &
Highest ..es wneas ass m’ A+
TOWESt s.oe’ wsas Sess aianßil s
MEAN ...v sees suse +nen i
NOFMAL scc. +ses seee ouiREE
RAINFALL e S A
Tnches last 24 hours .. ssse, of
Fotal since Nov. 1 .. ... "E
Deficiency since Nov. 1 .. .86
; Average Nev- *w: