davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-12-30
Why Cheap Sterling Is Bad
II.
A British Economist Tells Americans That What
appears Specifically as advantageous
Is Really a Blow.

OF the two countries. In the nrSt III
months of 1882 British exports showed
q decline, as compared with 1881. Of 81
per cent, while Americas fell by 346
per cent.
And it is not only by stimulating
British competition In production and
export that cheap sterling Is bad for
American producers; 1t also hits them
hard by lowering the prices Of the food
and materials they grow and make.
Exporters Are Handicapped.
For Britain Is the chief importer of
! food and materials. which she pays for
in sterling. As sterling falls. the coun-
tries that sell to her cannot charge
higher prices in sterling. because COM
petition to get into the British market
is too keen. They have to take as much
sterling as Britain will pay.
! American growers Of wheat. cotton
and other crops have to sell their
greatly influenced. by the markets Of
Liverpool and London. Farmers III
America and all over the world have
been faced with ruin because the prices
of the goods they produce do not pay
! for the brains and work and capital
absorbed by their output.
This terrible hardship inflicted on
those who keep the world alive is in
creased by every fall IN sterling. Since
England was forced of the gold stand
ard sterling prices have been compare
lively steady. with a slight advance on
balance, while world prices have tum-
bled heavily.
In the Economist Of December II
a table shows the British sterling index
at 1922, the level Of September Ii,
/ ~ 1Ior rd va
! abandoned), being taken as 100: but
! the index of International gold prices
was 1872. These index number calcu-
| lations can never be taken as strictly
accurate. but as a rough indication they
are trustworthy, and in this case their
evidence, for what 1t Is worth, Is strik-
ing.
Affects War Debts.
Since the British war debt to America
is payable in dollars. it follows that
every fall in sterling makes 1t more
difficult for Britain to meet this charge
/ have never seen any reason why
America should be expected to cancel
the British or any other war debt: but
the fall in sterling greatly reduces Brit
aims capacity to pay. Owing to II.
to pay a sum in dollars which would
formerly have been procured for nine
| teen and one-half million pounds. the
British treasury on December Is had to
pay twenty nine and half million
pounds to buv the necessary gold.
Cheap sterling thus seriously In
creases the dif1iculties OF a debtor, al
ready terrincally highly taxed, In meet
ing obligations undertaken when Sterl-
ing was worth nearly half as much
again in dollars as it is today.
Summing the matter up We see that
cheap sterling while good for Amer
leans who buy British goods, is seri-
Gus obstacle to the recovery OF Amer
ica's agriculture and export industries.
and makes it more dimcult for the
United States Treasury to collect Its
war debt charge from Britain.
,Copyright, 1872 by North American News
Evening star., 1932-12-30

American public. released gold to the
Federal Reserve. but. at the same time,
they sold dollars on the Paris market.
"A great deal of the gold which
France thus imported to Paris from
New York had to be reshipped i'm
mediately to certain adjoining coun-
tries, whose names never appeared in
these complicated operations.
Technical defense of the dollar on
the Paris market was carried out by
American banks with large funds placed
at their disposition by the Bank Of
France. Thus France, far from attack
ing the dollar, actually defended it."
Such, roughly speaking. is the account
offered by the Bank Of France regard
ing the famous French Withdrawals
These Withdrawals are now completed
Virtually all French holdings abroad
have been lQuidated.
And now gold Is beginning to now
away from France again. Almost every
steamer during the last few days has
been carrying gold back to New York.
The Bremen, German liner, yesterday
took 100000, 900 francs worth ($7.800.-
0oo). The movement Is expected to
continue. for France has a heavy de-
ficit IN its balance Of payments.
copyright, 1892
Evening star., 1932-12-30
AL SMITH, 50 TODAY, LOOKS BACK,
BUT CAN'T PICK OUT HICHLICHTS
Important Events for Him Too Numerous,
He Declares-Draws Line Against
Serious Discussions.
BY the Associated Press.

BY the Associated Press.
NEW YORK. December 30.-Alfred
e. Smith. the Happy Warrior" of many
campaigns, donned his famous brown
derby today and 1t wasn't for Q battle,
but for . birthday.
Entering his ofiice high above the
sidewalks from which he rose to be
four times Governor of the Empire
State and Democratic presidential
candidate in 1928, he hung the rust
colored iron hat" on q peg and settled
down at his desk to cast q reminiscent
eye back over his 50 years.
mo, I can't pick out the highlishts,"
he said There are too many. I pre-
fer to remember the whole period Is
one of service and labor"
Questions started flying and he raised
hand.
Nov, wait . minute. Wait q min
ute," he said. "I'm declaring q mora
torium on all serious discussions. This
is my birthday. Christmas tro,s are
still up and the children are playing
with their toys. 4 refuse to tall. about
-vhAH thaty Technocrec4S
Evening star., 1932-12-30

Continued From First Page)
Of the 25th Infantry Regiment, who
came here from his headquarters at
Nogales, later added:
In so far as the regiment is con-
cerned. there Is no breach of discipline
but. on the other hand. there is great
commendation for Corp. Peter hardley.
Company L, member Of the provost
guard, who pursued and killed the mur-
derer upon his own initiative
Believed Mad.
Officers at the post unofficially ad-
vanced as a possible cause Of the slay-
er's madness his brooding over q re-
cent demotion from the rank of ser
geant. Abernathy had been involved in
fatal automobile accident. He had
been released to State courts and was
placed on 10 years probation.
Capt. Wesley was the first to be
killed. He was shot down without
warning as he drove into the service
station where Abernathy was employed.
After killing the officer the assailant
drove to the captains home, where he
apparently burst in upon Mrs. Wesley
and killed her.
From the Wessely home he went to
tne fhlmeI IeolQtnCe, WHERE nc dPPdI-
entity killed Capt. and Mrs. Palmer
without . struggle. The two Palmer
children, David, IL, and Polly. 10, es-
capped. David showed his sister into a
closet, slammed the door and ran from
the house to notify post headquarters.
Assailant Slain.
After killing Capt. and Mrs. Palmer,
Abernathy ran to the home Of Lieut..
Matthews and opened fire on him.
Meanwhile the provost corporal had
been attracted by the shooting and. OBJ
tanning a rifle, ran toward Matthews
home. He found the officer lying on
the ground and the colcred man firing
shots into his body. The corporal then
killed Abernathy.
His onicers said Corpl. Hardley has
an enviable record with the regiment.
He enlisted from Camden, Ala, in 1918.
and has four honorable discharges, all
bearing the notation Character excel
lent"
Both Capt. Palmer and Capt Wesley
had served in the World War, with the
ranking Of majors.
Evening star., 1932-12-30
MANS TORSO FOUND
IN AN INCINERATOR
Marks Indicate Recent Operation
and Police Suspect Gam.
sters Slayers.
Nv the Associated Press.

By the Associated Press
LOS ANGELES, December So.-The
torso of q man. who apparently had
undergone an abdominal operation re-
Gently at the hands Of a surgeon. was
found early today In an inclnerator at
the city dump. A leg and arm were
found near the torso. There were no
marks Of Identification.
The find was made by employees Of
the incinerator plant. who said they
did not know how the torso and other
parts Of the mans body had been de-
livered at the dump.
Police and deputy sherifYs expressed
the opinion the torso may be that of a
gangster who had been wounded and
treated by an unlicensed surgeon. Fel-
low ganssters, they said, may have de-
cided to dispose Of the body to escape
being involved in . police investigation.
Evening star., 1932-12-30
HOOVER VETO SEEN
ON PHILIPPINE BILL
AFTER RETURN HERE
Continued From First PageD

Continued From f1rSt faeeD
one will be passed next time because
Of the selfish interests In agriculture.
Leaders in the Philippines were d.
vided In their attitude. Manuel Quezon.
President Of the Insular Senate. called
the measure a Joke" asserting 1t would
meeting of island legislators adopted Z
resolution. saying the difference OF
opinion among Filipinos was based on
the lo-year clause and retention OF
naval bases by the United States.
Freedom for the islands has been
advanced in this country for many
years as Q farm relief measure. Under
the bill approved yesterday tariff
exempt exports to the United States
would be limited annually to $4,000 tons
of refined and 100000 tons Of raw
sugar 200 900 tons of eoconut oil and
3.0O0,0 900 pounds Of flbers during the
transition period, and In the sixth year
export taxes would be applied as .
means Of paying on Philippine indebt-
edness.
Some Republicans were so confident
Of q veto that they did not demand .
hours debate, shouted its approval OF
the independence agreement reached
with the Senate. They argued more
votes could be obtained 10 uphold q
veto If members did not 60 on record
at this time.
Opposed BY Underhill.
On = record vote, the same House
last year passed an independence bill,
306 to Al. Neither on FIRST passage nor
in acting ON the conference agreement
was q roll call ballot taken in the
Senate.
During the hour allotted to discuss
the conference report in the House
only one Representative, Underhin.
Republican. of Massachusetts,. spoke
against the bill.
This is an injustice to the Philip
pines" he said. IT'S unfair, It's un-
Christian, it's uncivilized. and it's goinG
to cause more woe and troubles in the
world than any Of US here conceive to-
day"
Though he voted for it, Representa-
tive Hooper, Republican, Of Michigan,
said he did SO only for fear the next
Congress might pass q worse bill and,
God knows, this Is had enough"
Chairman Hare of the Insuiar Affairs
originally devoted most Of his time to
outlining the bills provisions, but In
reply to questions said personally he
would have preferred Independence
within five instead of 10 years.
Representative Knutson, Republican,
of Minnesota said the bill was not the
best. out the best possible under the
circumstances Representative Yon,
Democrat, Of Florida, said he was glad
to vote to free the Philippines.
These five speeches were all the dis
cussion before the vote. Afterward the
two islsnd commissioners. Camilo Osias S
and Pedro Gueyara, expressed their
thanks to the House.
HONOR PATRIOTS MEMORY.
Evening star., 1932-12-30
VICTIM ONCE STATIONED HERE.
Capt. Palmer Served in Quartermaster's
Office In 1919.

Capt. David A. Palmer, one Of the
victims of a crazed colored soldier who
ran amuck yesterday at Fort Huachuca,
Ariz., formerly was stationed here.
He was on duty as chief of the gen.
eral statistics branch in the office Of
the director of purchase in the Quarter
master Corps at Washington from July,
1919. to October. 1920. when he was
ordered to Fort Benning as an officer
in the Infantry School, from which he
was graduated the following year.
Besides graduating from the Infantry
School he also took the special Army
courses of the Command and Staff and
Signal Corps Schools. He was ordered
to duty at Fort Huachuca In August.
1880.
Evening star., 1932-12-30
Ex-GOLF PRO DIVORCED

DETROIT, December 30 R.-Mrs
Monnie Lacy was granted a divorce in
Circuit Court yesterday from Arthur
Lacy, former New York golf profess
sional. She testified Lacy never proper
ly provided for her and had threatened
to kill her and himself. -
Mrs. Lacy daughter Of Col. Sidney D.
Waldron, prominer. ;cccc..roiter. told the
court that on ore occasion In Febru-
airy, 1881, Lacy drove out Of their home
at the point of . pistol guests she MAS
entertaining st gard party. ..x...
Evening star., 1932-12-30
REAL TEST OF BEER
BY SENATORS URGED
TO DETERMINE "KICK"
Continued From First Page)

Continued From First Page)
the experimental jury. He suggested
that the only limit to be placed on the
beer would be the amount that each
individual iuryman desired to drink
After ALL" said Senator Dill, III the
beer be legalized, that would be the sole
limit placed upcn what the citizen. man
or woman, might consume"
The Senate Judiciary Committee has
the duty of determining whether. under
the Constitution and the eighteenth
amendment, the beer proposed in the
House bill is legal-that Is. whether 1t
be notwithstanding.
viii Oppose Hearings.
Senator Norris. chairman Of the sJu-
dietary Committee, has indicated that
he will oppose hearings on the bill on
the ground that all that could be said
about the proposed beer has already
been said. Senator Dill, however,
tackles the problem from q new angle.
He does not propose to take oral tes-
timony but actually to provide for q
practical test of the Intoxicating quail
ties Of the beer.
It has been expected that the Senate
Judiciary Committee would refer the
beer bill to a subcommittee when 1t
meets on Monday, provided = quorum
Of the committee Is present. Senator
Norris has indicated that it would be
headed by senator Blaine OF wisconsin
which has been considering the pro-
posed resolution for the repeal Of the
eighteenth amendment.
hot 10 al ho
Of Senator Dill for q practical test of
the beer would also be referred to the
subcommittee In all probability.
Senator Bratton Of New Mexico. an
other member of the Judiciary Com
mittee, when his attention was called
to the proposal for q practical test Of
the beer, expressed interest in it. but
declined at this time to commit him.
self on 1t.
Evening star., 1932-12-30
HOLD-UP SUSPECT INSISTS
UPON IDENTIFYING VICTIM
ny the Associated Press.

ny the Associated Press.
MINO". N. OAK, December 80
Usually the victim Identifies the rob-
Der. but it worked the other way here
Emil johnson, transient, told police
he'd been robbed Of s4 by two men.
Authorities picked up Walter Hatch. "a,
Of Flint, Mich, but johnson couldn't
identify Hatch.
"What?" exclaimed Hatch, accord
ing to police. YOU'RE the fellow We
stuck up. Don't you remember how I
searched your"
Hatch re-enacted the hold-up and
Johnson was convinced they had the
right man. Robbery charges were
placed against Hatch and Lewis G..
Birdwell, Whitehouse, Tenn.
Evening star., 1932-12-30
HONOR PATRIOTS MEMORY.
Filipinos More Interested in Tribute
Than In Csnsress Action.

MANILA, December 80 Op.-A me-
mortal celebration for Jose Rizal, Fill
pino patriot, executed In 1896. by Span
iards. apparently held the major inter-
est here today Of Filipinos instead of
final congressional action on Philippine
independence.
They lined streets for . parade in
RizaIs honor. Steamship and factory
whistles blew at 1880 am, to mark the
hour Of Rizals execution There was
no demonstration occasioned by passage
of the independence measure by the
House.
A charge made by Manuel Que2on,
Senate President, at n legislative gath
ering last night that the independence
bill was ''the work OF the National City
Bank" was featured by the Manila
Tribune Nlipino.owned morning daily.
Quezon asserted the bank has 81 .000.-
900 900 invested in Cuban sugar inter-
ests and Is bent on running the Philip
pine sugar industry, CubA's strongest
competitor in the United States"
Evening star., 1932-12-30

Cadet Walter P. Gray, jr., son Of
Mr.. and Mrs. Walter p. Gray Of the
Valley Vista Apartments, was on the
distinguished honor roll for the first
term at Fork Union Military Academy,
Fork Unicn, ya,.H was announced. To-
day. -.
Evening star., 1932-12-30
Would Suspend Public Debt.

BUENOS AIRES, December 30 R-
The government Of the Province Of
Buenos Aires today sent to the Legisla-
ture q projected bill providing sus-
pension OF services on the public dehk
Tor three ysars. effective January !.
Evening star., 1932-12-30

Coli history in Scotland has been
made by the .appoiptment Of . woman
secretary Of q mems. goH club.
Evening star., 1932-12-30

Musical program. Young Mems
Jubilee Chorus Of Friendship Baptist
Church, Vermont Avenue Baptist
Church, $50 pm.
Evening star., 1932-12-30
TOMORROW
D. C. Cadet Honored.

Luncheon, Harvard Club. University
Club. lis pm. -
Evening star., 1932-12-30
CITY NEWS IN BRIEF.

Buffet supper, Brown Club, University
Club, 8 pm.
Evening star., 1932-12-30
ATTACK ON GOLD
BY BRITAIN SEEN
IN SOUTH AFRICA

Continued From First Page.)
Evening star., 1932-12-30
TWO ARMY CAPTAINS
AND WIVES SLAIN
BY SOLDIER AMUCK

Continued From First Page)
Evening star., 1932-12-30

Former Editor of the London Economist ,
Former Financial Editor OF the Lon
Times
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08

Charles McFadden and Frank Chiles.
Delta Gamma Mothers Club will
hold l o'clock luncheon hour in
honor Of pledge mothers Tuesday at
the chapter house, 269 Buckingham
drive. Mrs. Earl P. Ensley, presi-
dent, will be in charge. A special
program will be given.
Sigma M Mothers Club will en-
terrain for new members at a
luncheon Wednesday at the chapter
house, 1915 Sunset avenue. Charles
Edward Thomas of Indianapolis,
editor Of The Delta-Sigma Nu mag
azine, will speak.
Mrs. Charles Hoffman is in charge.
assisted by Mrs. w. B. Bennett and
Mrs. Fred Farnann. A program Of
music has been arranged by Mrs.
A. w. Macy.
Mothers of girls newly pledged to
Kappa Alpha Theta sorority will
be honored at tea to be given by
the Mothers Club Tuesday after
noon at the chapter house, 442 West
F'orty-sixth street. Hostesses will
be members of the executive board,
including: Mesdames William H.
Adams. B. S. Goodwin, j. c. White,
George Woody and l.. G. Buehler.
There will be musical program
and singing of Theta songs by the
active chapter. Special guests will
be Mesdames Harold Robinson,
chapter adviser; Walter Scott
Athearn. Thor G. Wesenberg, Lee
o. CARRIER; Miss Sarah Cotton and
Miss AIena Grafton.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
Butler Mothers Clubs Honor
Parents of Years Pledges

Opening meetings of mothers
clubs of sororities and fraternities
on the Butler university campus are
honoring mothers of pledges. Three
groups have planned such affairs
during the next week.
The Pi Beta Phi Mothers Club
will entertain Monday at the
chapter house, 800 West Forty-third
street, with a luncheon and program
in honor of the pledge mothers and
new officers.
Officers are: Mrs. George w.
Bowman, president; Mrs. Forrest
Kellogg, first vice president; Mrs. A.
w. Early, second president;
Mrs. w. NJ. Springer, recording sec
rotary; Mrs. E. j. Baker, cor
responding secretary; Mrs. w. K.
Gearen, treasurer, and Mrs. w. j.
Behmer, publicity.
Chairman of committees are. Mrs.
Thomas P. Carson, program; Mrs.
Henry Holt, ways and means; Mrs.
Earl Mushlitz. reception; Mrs. Rob-
ert Wands, calling: Mrs. Bert Beas-
ley, telephone; Mrs. A. B. Weyl,
luncheon, and Mrs. Frank Chiles,
advisory.
The program following the lunch
con will include readings by Miss
Gwendolen Schort; songs, by Miss
Mary Ruth Palmer Of Lebanon, and
songs and banjo numbers by Mrs.
Russell Spivey.
The luncheon committee is COM
posed of Mesdames Carl Weyls
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
New Officers
to Take Office
at Annual Tea

Annual fall tea and installation of
officers will be held by the Indian
apOlis Pan Hellenic Association at
a Monday afternoon tea at the
Marott.
Tea will be served in the Crystal
room, with autumn flowers in
shades of purple used in the decora-
tionS. A musical program will be
presented.
In the receiving line will be the
new and retiring officers. Incoming
officers are:
Mrs. Donald ONNeil. Alpha Delta The
ta. president; Mrs. c. R. Hamilton Pi
Beta Phi. vice-president; Mrs. Paul
Myers Alpha Delta Pr corresponding sec
rotary: Miss Edith Allen Alpha Chi Omega.
recording secretary, Miss Martha CraW-
ford Alpha Phi. treasurer. and publicity
chairman; Miss Ruby Hamilton and Mrs.
Retiring officers are:
Miss Hamilton. Kappa Delta president
Mrs. ONeNil vice president, Mrs. Henry
Morgan Delta Gamma. corresponding sec
retarY, Mrs. Boyd. Zeta Tau Alpha. re-
cordinR secretary. and Mrs. j. P. Lahr.
Alpha Gamma Delta, treasurer
The committee in charge is Mrs,
Frances SineX, Mrs. G. c. Crum-
baker and Miss Martha Crawford.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
to Give
Y. w. Member
Drive Reports

Final reports on the Y. w. G. A.
membership campaign, now in prog
ress, will be made at a luncheon
meeting Monday at the Central 7.
w. building. All team workers are
to make complete reports to their
captains for final tabulation.
The team headed by Mrs. A. w.
Bowen, 1902 Washington boulevard,
was leading Thursday.
Team captains are.
Mesdames Louis H. Wolff, william Her
bert Gibbs. C. Norman Green. W; S. Ben
ham. c. NJ. Starr A II. Hinkle. F. L.
Kenneth E Hav and c. A. Sunthimer.
Roller skating season at the Gen.
trail Y. w. G. A. rink will open
with a public party for men and
girls at 7:3O tonight.
A souvenir will be given to each
skater during the grand march.
A number of skating parties are
being planned for the year, the first
to be a Halloween masquerade Oct.
%. A reduction in fees has been
made for these parties this year.
Groups already scheduling parties
include the Chi Sigma NJ sorority
for Oct. 20, and the Eighth Chris
tan church for Oct. % with Lee
Hodde as chairman.
For further information those in
terested may call Miss Louise E.
Noble, physical education director,
at the Y. w. G.. A.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08

Group Will
Open Work

The fifty-fifth season of the In
dianapolis Matinee Musicale will
open at 3 Friday with a Presidents
day reception at the John Heron
Art institute, honoring Mrs. Frank
w. Cregor, new president.
Other members receiving with
Mrs. Cregor will be Mrs. Helen
Warrum Chappell, vice president:
Mrs. Marie Dawson Morrell, Mrs.
Robert 1. Brakeman, former presi-
dent. and Mrs. Frank B. Hunter,
president of the Indiana Federation
of Music Clubs.
Artists for the day will be Mrs.
MorTell, violinist, and Mrs. Chap
pell, soprano. accompanied by Nina
Hayes Dutton and Mrs. Frank T.
Edenharter.
The reception for members and
guests will follow in Sculptor court.
Admittance by Card
Members of all sections will be
admitted on presentation of mem
bership cards. Each member is en-
titled to one guest card.
Mrs. William II. Gibbs is chair
man of the room committee, assist
ed by MesdameS Charles o. Fitch,
Verna Palmer Sterling and Misses
Bernice Reagan and Helen Thoms.
Chairman Of the social committee
is Mrs. Glenn o. Friermood. She
is assisted by:
Mesdames Oscar BohIen, Isaac Born.
Arthur V. Brown, Frank C.. Daley H H
HornbTook, Edgar F. Kiser, John A. Mac
Donald, William H. Morrison. William S.
Tomlin. Henry Warrum. Larz A. Whitcomb
ana MISS Mary l.. Sullivan.
Honorary members who will be
special guests are:
Mesdames Robert I. Brakeman, ]. s.
Jsnckies' Hugh h, MSseSGiibney Lafayette Page.
Henry Schurmann and Miss Ida Belle
Sweenie.
First Recital Is Set
Life members who will attend are:
Mesdames Frederic M Ayres, Isaac
Born, John N. Carey william H. Cole
nan James Cunning, j. / Holc1m6 J. s.
Hugh J. MCGOWAN, Frances T. sayles,
A. H. Steinbrecker, Charles N. Williams
and Miss Florence Howell.
The first artist recital will be
Dec. 6, when the choral section, di-
rected by Elmer A. Steffen, will
appear with the indianapolis Sym
phony orchestra, conducted by Fer
dinand Schaeffer in Hadyn COM
positions. This will celebrate the
Haydn bicentennial
An illustrated lecture on the Gill
bert and Sullivan operats will be
given in April, with the choral
section assisting. Mrs. Cecil Stall
maker is chairman of this group.
Mrs. G. Harold Larsh heads the
student section and Mrs. Friermood,
program committee.