Newspaper Page Text
COTTON MARKET
MIDDLING .. i ii'as oo »o 10c
PREVIOUS CLOSE .. .. .. 10%c
Vol. 101, 'No. 263.
Russian Recognition By Tonight Is Seen As Roosevelt
Prepares To Leave For Vacation At_m- Home
VONETARY GHANGES
IAE PREDICTED BY
BACKERS OF SILVER
Roosevelt Said to Have
Definite Plans For
Restoring Silver
cOLD PRICE STEADY
Morganthau Takes Charge
Of Treasury Today;
More Changes Seen
WASHINGTON. — (AP) — To
American monetary developments
there was added Friday a predic
tion by Senator Pittman (D.-Nev.),
long an advocate of silver re
monetization, that President
Roosevelt “will take the initiative
in the restoration of silver.”
“He has under consideration now
various plans to accomplish this,”
gaid Pittman in a speech for the
monetary conference called Friday
by Senators Thomas (D.-OKkla.)
and Smith (D.-S. C.)
“One plan that I have submitted
to him for his consideration, is
the opening of the mints of the
United States to the coinage of
silver produced in the United
States.” 3
No Indication
From the White House had come
no indication, however, that Mr.
Roosevelt favored this plan above
the many others that he is study
ing. But persons familiar with the
President’s program expressed a
belief that eventually, at least, he
would try to do something more
concrete for silver.
So far, these persons said, the
President has relied wupon his
gold-buying plan, hopeful that as
the prices of commodities went up
that of silver would too. Some of
his advisers even fail to agree on
whether silver is a monetary
metal, like gold, or just another
commodity .
With Henry Morgenthau, -jr.,
Friday morning taking his oath as
under-secretary of the treasury,
some administration sources held
there was no change likely soon
in the government’s monetary
plan. Whether the fact that the
gold price Friday, for a fourth
consecutive day, was kept steady
at $33.56 meant Mr. Roosevelt was
any nearer stabilization of the
dollar in foreign exchange none
would say.
Skidding Too Fast
The dollar had been skidding—
obviously faster than the adminis
tration desired. But late Thurs
day it rebounded vigorously in’
New York, in terms of other cur
rencies, 'closing at $5.26 to the
pound sterling as against a peak
of $5.52 5-8. !
At the same time, Wall street
took cognizance of reports that
there would be federal action of
some sort to stem the export of
rapital through foreign exchange
control although Washington offi
cials denied knowledge of such
steps. Commodities strengthened,
cotton and wheat went up, govern
ment bonds after early heavy
sales and declines stiffened a lit
tle in later tradings.
One bond influence, it was
agreed, was disclosure -in the
weekly Federal Reserve statement
that Reserve banks last week
bought only $2,000,000 of the fed
eral securities. This contrasted
with an average_ of $10,000,000 for
the lsat several wekes.
~There had been reports that the
Federal Reserve was buying bonds
heavily to keep them up, but Wall
street was impressed to find that
the recent sales had been absorbed
mostly by investment purchases.
Budget Limit Set ;
Another factor in the situation
was disclosure in Washington that
Lewis Douglas, budget director, had
set $2,500,000,000 as the limit he
hopes to fix for federal expnedi
tures in the next fiscal year.
"nglus 21so denied that he was
about to resign, as had Dean
Acheson, under-secretary of the
treasury, and as Secretary Woodin
tried to Ao. Some other changes
were expected by officials, but they
(Continued on Page Five)
LOCAL WEATHER
=S
Fair and warmer tonight,
Saturday cloudy and warmer,
possibly light rain in north
west and extreme north por
tion.
TEMPERATURE
Highest ...% ‘Clh Siie 'vis DOO
Lowest .ol iiag iy i 850
Mean o ivivi s drse 1900
Normigl:- .0 r Hae L 3 089
RAINFALL
Inches last 24 hours ~ .... 00
Total since Nov. 1 ¢4 ¢4 o+ 34
Deficieney since Nov. 1 ... .76
Average Nov. rainfall .. .. 2.89
Total since Jan. 1 ve by e 5090
ATHENS BANNER-HERALD
Full Associated Press Service
Federal Regulation Of
Wall Street Is Urged
By Exchange Member
Recommends Board of Six
To Senate Investigation
Committee
SAYS REFORM NEEDED
Goldman Thinks Banks
And Bankers Have Lost
People’s Confidence
WASHINGTON —(#)— Creation
of a federal board to regulate
stock exchange practices was rec
ommended Friday in a letter to
the senate stock market committee
from Henry Goldman, jr., a mem
ber of the exchange.
Goldman submitied his recom
mendation in a letter to Chairman
Fletcher, enclosing a letter he had
written the exchange asserting
“the banks and the bankers” have
lost. the confidence of the public.
The writer said his father for
many years up to 1917 was senior
member of Goldman, Sachs and
company.
He recommended that the gov
ernment appoint a board of sis
men, composed of two members of
the senate banking committee, two
members of the exchange, and two
business men to “establish rules
and regulations on the various
stock exchanges for trading in se
curities which are not only legal,
but fair and equitable to all con
cerned.” !
The board should have power
he said, to “supervise, regulate
and scrutinize the activities of
stock exchanges, stock exchange
firms and stock exchange mem-«
bers.”
“Goldman’s recommendations, be
lieved here the most drastic ever
proposed by. a member of the ex
change, were placed before the
committee Friday by Fletcher at
the opening of the hearing into
organization of General Theaters
Equipment, Inc.
The committee chairman char
acterized them as very important
but made no comment on the wis
dom of the proposal.
Goldman said he was proposing
a means by which the exchanges
could operate “without the con
stant storm of criticism from the
government and the vast public.”
“In my opinion,” Goldman said
“the bank, bangers and stock ex
changes of the country have lost
the confidence of the public, and 1
believe that this confidence must
(Continued on Page Seven)
RETAIL DEALERS
HOLD FOOD SHOW
HERE NEXT WEEK
An N. R. A, free food show,
sponsored by the independent re
tail food dealers of Athens, will
be held next Thursday night at
9 o’clock, according to an an
nouncement today by G. H. Bell
secretary of the Retail Food Deal
ers assoclation of which L. O.
Price is president.
More than 500 prizes will be
given away to Dbpersons who buy
from local grocery stores during
the week. A ticket will be Biven
with each purchase of twenty-five
cents and the winners must be pre
sent Thursday night inorderto re
ceive their prizes. The building in
which the show will be held will be
announced later. ;
Methodist Scores Spending Funds Beyond
Budget to Detriment of Pastors’ Salaries
BRUNSWICK, Ga—(®—Dr. T.
D. Ellis, secretary of the exten-l
sion board of the Methodist Epis
copal Church, South, Friday saidl
the church spent $7,000,000 annu
ally outside of the regular budget!
and as a Tresult many pastors |
were unpaid and budget itemsi
were not met. |
Dr. Ellis, who lives in Louis
ville, Ky., but is a member of the
South Georgia Conference in ses
sion heére, présented figures to the
conference to- show a large part
of moneys collected by the church
es was expended on items not
within the budget as provided by
church laws. b
He said much of the money went
to work that various Sunday
school clasges and societies be
lieved to be benevolent but in
many cases had proved either un
worthy or not as worthy as reg
ular listed missions and the paying
of pastors’ salaries.
He discussed instances where
Sunday school classes had bought
false teeth, paid house rent and
performed other supposed charita
ble acts fur the needy and the
persons to whom the money was
given spent it on pleasures. He
urged that the 1000000 be applied
ATHENIAN 13 NAMED
T 0 CONTROL ROARD
Walter C. Pitner Is Latest
Appointee, Giving Tal
madge Full Sway
Walter €. Pitner, promineni
Athens broker, has been named 2
member of the State Board of
Control, Governor FEugene Tal
madge announced today. Mr. Pit
ner was & strong supponter of
Governor Talmadge in his last
race and his selection to succeed
Dr. H. W. Shaw gives the gover
nor a majority of the board.
Five of the present members are
holdovers from the Russell admin
igtration. Six are Talmadge ap
.pointees and the governor also is
a member,
Mr. Pitner is president of the
brokerage firm of Wi. C. Pitner
and Company and was formerly a
member of the board of trustees
of the Milledgeville state asylum.
He is an alumnug of the Univer
sity in the class of 1898 and a na
tive of Athens. He also is a mem
ber of the district executive sen
atorial committge.
Governor Talmadge was sched
uled to give the oath of, office to
Mr. Pitner Friday morning.
TO NAME CHAIRMAN
ATLANTA —(#)— Marion Allen
of Milledgeville, a member of the
state board of control, said as the
meeting opened Friday he believed
a chairman would be elected at
today’s session, as well as the
heads of some institutions.
The chairman was left vacant
when Arthur Lucasg of Atlanta re
signed at the request of Governor
Talmadge. Lucas’ resignation was
asked because the governor said it
was illegal for him to hold the of
fice and also be a member of the
state public works advisory board.
KIDNAP VICTIM’S
BODY IS HUNTED
Slayers of Brooke Hart
Taken to San Francisco
To Forestall Mob :
SAN' JOSE, Cal—(#)—Efforts tc
recover the body of Brooke L.
Hart, which authorities said would
complete the case against his al
leged kidnapers and slayers, were
pressed by state and federal au
thorities Friday.
John M. Holmes, 29, and Thom
as H. Thurmond, 28, who depart
moent of Justice agent® and state
officials said confessed to throw
ing Hart in San Francisco bay
after abducting him, were held in
a San Francisco jail.
Grappling hooks brought up a
strip of white cloth with thin pur
ple stripes frem the bay near the
place the two men were quoted
as saying they tossed the 22-year
old San Jose store executive.
Authorities said the material
matched the description of a shirt
Hart was wearing when he van
ished shortly before a $40,000 ran
som demand was made by tele-
(Continued on Page Two)
Dr. Ellig spoke during a general |
discussion of finances of the church
in south Georgia. N. H. Williams
of Tifton urged that the church
separate pastors’ salaries and'
items on the budget for benevolent |
purposes. He said a pastor could
‘plead for benevolences but when
his salary was a part of the budget
;tor which he was pleading the
members were likely to believe
{that he was seeking money solely
|for his own gain,
i The majority of the ministers
lwpparent]y did not agree with him
however, and a number urged the
{churches to adhere closely to a
‘budget. the pastor accepting his
[percenta.ge of what was collected
Bishop John M. Moore, présl-!
dent of the conference, told the
ministers to accept only what was
actually collected@ for their salaried
and not allow the church to make
‘bank notes to pay them and then
|leave the note for some other min
|ister to raise the mext year.
He also warned the ministers
against accepting larger salarie¢
than they could collect. He told
them not to repory a salary of $3.-
000 and then “pay SI,OOO of it
vourselves in order to appear big
before the conference.”
—ESTABLISHED 1832—
Athens, Ca., Friday, November 17, 1933
CHIEF FIGURE IN
ELECTION PROBE
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John H. Overton, supporter of
Huey Long and Louisiana senator,
whose election is being investigat
ed in New Orleans by a special
sub-committee from the United
States senate. /
LOUISIANA PROBE
KEPT IN TURMOIL
Overton Investigation |s
Marked by Charges,
Counter-Charges, Uprnar
NEW ORLEANS —(#)— For the
fifth consecutive day, John G,
Holland, investigator for the spec
ial senate sub-committee, investi=
gating Senator John H. Overton's
election, threw the session into an
uproar by shouts of censure
against the committee.
During the examination of a
witness by Allen Ellender, Senator
Overton’s counsel, Bllender asked
the witness why he had waited
until Friday to appear before the
committee, asserting that Holland
had “been here for more than a
year investigating.”
Leaping to his feet, Holland
shouted: “I object. The asking of
that question is unfair. I have not
been permitted to come into this
state for nine months to gather
such testimony. I have never seen
this witness before.”
Chairman Connally, (D.-Tex.)
ordered Holland to sit down and
then said:
“The committee is trying to get
the truth, Mr. Holland is an em
ploye of this committee, buy he
seems to want to dominate the
committee, and not to help us pro
duce testimony. Blinded by head
lines, he has been attacking the
committee, particularly me and
Senator Logan.
Mrs. Hilda Phelps Hammonds,
chairman of the womens’ commit
‘tee of Louisiana which is seeking
(Continued on Page Six)
METHODISTS PLAN
SPECIAL SERVICES
Local Churches to Ob
serve ‘‘Victory Day’’ Sun
day Before Conference
Sunday will be observed by the
three Athens Methodist churches
as “Victory Day” in connection
with an effort to make as full an
annual report as possible, The
day is the last Sunday of the con
ference year for North Georgia
Methodists.
The pastors and stewards of the
three local churches are rounding
ou¢ another twelve months of en
deavor, trying to meet all the ne
cessities of the church's program
Methodist members are asked
particularly to attend church Sun
day ‘and participate in “Victory
Py - :
Although Rev. Lester Rumble,
pastor of the First Methodist
church, and Rev, L. B. Jones,
pastor of the Young Harris church,
have served their terms here, it is
rumored that their respective
churches will make an effort to
fetain them for another year. Dr.
Rumble has been here five pears
and Rev. Jones hag served the
Young Harris church for four
years.
First Methodist
An item contained in a mid
week bulletin issued by the First
Methodist church shows its ex
pectations for the last Sunday of
the conference year. The item
follows:
A Negro preacher walked into a
newspaper office in Rockmount, N.
C., and said: “Misto Edito, ‘they
ijs forty-three of my congregation
{w.hlch subgeribe fo' yo' paper. Do
STEEL INDUSTAY 13
HEHLY PLEISED BY
N, JONSON SIS
Renewal of Compact Is
; Expected Before Code
. Expires Next Month
1S STILL CONFIDENT
Recovery Chief Displeased
With Negligence in
Local Boards :
WASHINGTON. —(®— The
steel industry late Friday re
quested the NRA for an exten
sion of its, code until May 31,
1934, at the same time record
ing in a formal resolution “its
general satisfaction with the
operations of the code in its
effects on the industry.”
The original steel industry
code was adopted for a trial
period of three months and the
extension is for purposes of
further trial, “to the end that
sufficient time may be given
more fully to demonstate” that
the code will effectuate the
purposes of the NRA law.
WASHINGTON —(#)— Hugh 8.
Johnson sent to President Roose
velt Friday an “enthusiastic re
port” from the steel industry on
its code operation and inferred the
industry would seek renewal of
the compact upon its expiration
nex¢ month.
At his first press conference
since returning from the mid-west
speaking trip, Johnson sald the
steel reports did not refer to re
newal specifically but that he did
nat expect difficulty.
“The NRA head expected the
President to sign codes for the
news-print industry, the general
paper and pulp field and for auto
mobile tools and die plants before
hig departure for Georgia late in
the day.
(A study is being made for him
of the' ruling of comptroller gen
eral MeCarl in regard to giving
government contracts to firms
which have not signed codes.
Johnson contends that McCarl’s
ruling did not take into considera
tion all regulations issued by the
President on the point,
Regarding comptiance conditions,
he repeated earlier assertions that
he was not satisfied with the de
gree of enforcement secured by lo
cal compliance boards and that
“we will come out in a few days
with complete plang”’ for dealing
with the situation.
He declined to detail what would
be done.
Asked what he expected to do if
the forthcoming Imvestigation of
profiteering charges revealed clear«
cut eases of price gouging, John
son said he would expect the code
authorities to deal with offending
members of the respective indus
tries, making them reduce the
prices to a proper figure.
In reply to questions regarding
the heavy eriticism recently direct
ed at NRA the administrator ob
serbed.
“I'm not shaken at all in my
faith.”
More compacts will be sent to
the President for his approval at
Warm Springs, so as not to delay
their going into effect.
German Churches
Rescind All Laws
Against Non-Nazis
BERLIN,—(&)—Non-Nazi dhris
tiang hailed a sweping victory Fri
day in the gnnouncement that all
church laws adopted %in recent
months—including the so-called
Aryan statute—will be recinded.
Reichsbishop Ludwig Mueller,
of German protestants announced
Thursday night he would draw up
a law resecinding, the measure at
once.
His announcement climaxed a
bitter dispute between the domi
nant Nazi faction and the Non-
Nazi groups.
Under the Aryan statue Chris
tians with Jewish blood were de
nied privileges of worship in
churches ' with Aryans—were, in
fact, told to form new ,congrega
tions.
Despite the triumph on laws, the
group headed by former Bishop
Friedrich Von Bodelschwingh still
was not completely satisfied,
For one thing they vigorously
seek the ousting of the Rev.
Joachim Hossenfelder head of the
Nazi movement in German protes
tantism.,
! Another factor in the tense re
|ligious situation is the order for
!the suspenson of three ministers
lwho challenged the anti Semetic
stand of the Nazi-German Chris-
PRESIDENT STARTS TONIGHT FOR
HiS “SECOND HOME” IN GEORCGIA
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President Roosevelt and members of his party leave the nationa
capital Friday night for Warm Springs, Georgia, where the chief exec
utive will spend the Thanksgiving holidays in accordance with his cus
tom of many years standing.
Cuban Interest In Georgia;
Welles To Meet Roosevelt
New Move Creates More
Excitement Than Recent
Revolution
By Edmund A. Chester
Associated Press Foreign Staff
..HAVANA, —{(/}—Cubans forgot
their own politics Friday and al!
eyes were focused on Warm
Springs, Ga, to which United
State Ambassador Summer Welles
planned to fly for a conference with
President Roosevelt, Y
Nothing short of last week's two
day revoly could have caused asg
much comment as the American
Amhaseadar’s trin set for Friday
afternoon.
In cases, on street corners and in
private homes talk of intervention
or recognition by the United States
dominated all conversaton,
Cuban papers gave ‘prominence to
the meeting at Warm Springs on
all front pages along with the
plans for the trip of the Cuban
delegation to Motevideo for the
Pan-American conference there.
On the eve of tFelr departure,
Alerto Graudy president of the de
legation, said “we are going to
treat matters of interest to Cuba
only a basis of absolute independ
ence and equality for our country.’
MAY ASK FEDERAL FUNDS
MONROE—PIans to borrow fed
eral funds were discussed Thurs
day at a meeting of the Walton
county board. These funds will be
used to repair the court house and
to uild a modern jail and sheriff's
home combined. No definite steps
have been tagen but plans are be
ing drawn up by a selected archi
tect,
Blue Horses and Plaid Monkeys Are in
Advance Guard of New Christmas Toys
CHICAGO—(#)—BIue horses with
red lined ears and plaid monkeys
—they're here and S 0 are pink
rabbits, pin striped dogs and yel
low cats as the advance guard of
the new 1933 Christmas toys.
The plush teddy bear, the stuf
fed dog and the fuzzy white kit
ten are back too, but they have
some rivals as pigs, in threes, and
wolves, big and bad, are making
their debuts in toyland.
Another rising star in the toy
animal fieid is the donkey. Oh,
yes, the elephant is there, too.
Both can be found stuffed and
mounted on wheels to be pulled.
And they are in sizes large enough
to rival the hobby horse. %
There is a new lamb out—a sort
of a modernistic bit of fleece. His
A. B. C. Paper—Single Copies, 2c—sc¢ Sunday
aCOUTS JOIN DRIVE
TOFILL STOCKINGS
Many Civic Organizations
Back Move for Christ
mas Tree for Needy
More than 100 Boy Scouts are
going to the bat for the poor chil
dren of Athens, .
Scout Executive Hugh D. Max
weli today annouiced thati ihe en
tire Boy Scout membership in
Athens Monday will begin a house
‘o-house canvas to aid the Empty
Stocking fund being sponsored by
practically all of the civic, religl
ous and fraternal ojganizations in
town.
Mr. Maxwell and his aides will
divide the residential district of
the city into zones and the Scouts
will make a house-to-house can
vas asking that each home give
something to the fund.
Money is not being asked, but
will be accepted gratefully. The
big thing the Scouts expect to do
is to unearth everything from old
razor blades and discarded or
broken toys, to old magazines
worn out clothes.
Anything and everything that
the housekeeper is not using will
be received with thanks for it all
means money for the fund to run
the huge Commpunity Christmas
tree to be open to the poor chil
dren of the community on Christ-
(Continued on Page Fiwe)
flappy. His long stuffed legs are
flappy too, and they won't Go for
him to stand on.
Last year’'s blondes are being
turned into this year’s red-heads
with a new wig in the doll depart
ment. And when it comes to make
up, well, seeing is believing how
much good a touch of paint does
dolly.
In the section that particularly
appeals to boys, there is a new
fire chief’s auto with a siren that
would bring any fireman on the
run.’ .
As iz the case each year, toys
reflected in ~ the miniature the
grownup world, and with the new
stream line, - rubber tired trains
being tried out, a few and quite
expensive copies in toys are being
m 3 oo il Beu i e
Ho E|
W
LITVINOFF BELIEVES
SOVIET BECOGNITION -
TOBE MADE FRIDAY
Soviet Commissar Stays
In Capital as Roosevelt
Speeds Souxhward o
HEADS FOR GEORGIA
President to Remain at
Warm Springs Resort
Until December 4 =
@ —— ¢ w3k
WASHINGTON.—(AP)—Emerg
ing from the White House after &
conference with President Roose
velt, Maxim Litvinoff told %k
ers that he “though there would
be a statement today” on recogni
tion of the Soviet by this goverm
ment after 16 years of abnormal
relations. o
It was the first time since ar
rival of the foreign commissar
that he has ‘answered questions by
newspapermen, and his attitude
was a further indication that the
cl'max of the negotiations between
himself and the President was
close at hand. Ll
Litvinoff added, however, that
any annuoncement was to come
from Mr. Roosevelt. This is ex
pected before the Chief Execufiwve
leaves for Warm Springs, Georgia,
Friday. 0
Litvinoff said he had made i
plans to go to Warm Springs but
that he did not intend to leave
Washington immediately, as he
has “some pusiness here.” s %
A conference which broke up at
1 o'click Friday morning Lrought
the President and the Soviet com
missar into mutual agreement on
the problems involved. 5
. Major Difficulty g
A formula for handling the debt
question presneted a major difficul
ty in the ltoosevelt-Litvinoff con
versations. The Soviet had refus
ed to recognize any obligation be
cause of loans to the Kerensky
government. American loans
agwunted to $187,000,000, and ac
ctimulated interest since pushed
the total over $300,000,000. :
The Soviet government, how
ever, indicated a willingness to
talk apout debts claims. Those
filed against Russia by
|States nationals amounted to about
| $400,000,000 and incuded about $86,-
{000,006 of v.. .zarist flotations,
| Russia, for her part, has an un=
' totalled claim against the United
| States for the Archangel and Vid
| divostok expeditions. oo
‘ Understandings reached by Mr.
‘Roosevelt and Litvinoff were be
lieved to cover such issues as pro
paganda, religious = worship and
| trade relations. L
| Mr. Rooeevslt supervised all dis
|cussions. He and Litvinoff, per
‘a dozen hours in personal cenfer
i ence. i Lhis
’ HEADS FOR GEORGIA =
| WASHINGTON.— (AP) —Pres
lident Roosevelt Friday cleared his
desk of current government affairs
[tor a get-away Friday night om.a
|two weeks sojourn at his Warm
iSprlngs, Georgia, retreat. 'E o
| Friday night, just before @i ~‘;.
he boards a special train .whieb
will take him to Savannah e@
Saturday to participate briefly in
the Georgia Bi-centennial celebra~
tion. R E
After a few hours in Savannah,
the President will hurry along te %
reach his cottage on Pine z&n b
tain for the night. Once there he
intends to remain over Thanks
giving day which he will observe
at a dinner with the children pa
tients in the Warm Springs Foun
dation he helped to found. ~=~ =
Mr. Roosevelt plans to remaim -
away until December 4. - «9
The Thanksgiving trip to Warm
Springs has become an %% o
pilgrimage of the President. He =
goes back Saturday for the first =
time as President of the United
States. Ao
Postmaster General James Al
Farley said Friday the pressure of
business in his department would
prevent acceptance of M’.
invitation to accompany Presidenk
FORMER ATHENIAN
ON CAPITAL PAPER
MACON, GA., —(&)— The ecity
editor’s chair of the Macon Tele-
graph today was occupied by Gh
Emmett Snellgrove. mie
Snellgrove succeeds Edwin Tribe
ble, who has resigned to become &
member of the staff of the Washe
ington Star, ! 2%
Edwin Tribble, who has just
taken a position with the Washe
ington Star in the nation’s capi=
tal, is a former Athenian, having
been an honor graduate from At
ens High school in the class of
1924, . eila o
Mercer universty and has beem in
newspaper work tor seyerai i
(Continued on Page Three)