davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-11-24
yocates AZ reflected BY Prof. sprasue In

vocates AZ reflected by Prof. sprague In
his letter Of resignation would seem to
involve abandonment by Mr.. Roosevelt
Of two positions. Apparently he would
be obliged to stop the present activity
of buying gold at steadily rising prices.
In addition to that, Mr.. Roosevelt has
said that so soon as the gold buying
has achieved the price level he aims at,
he will thereupon adopt as q permanent
institution what Is known as the COM
modify dollar instead of the dollar hav-
ing fixed and permanent weight in
gold. Apparently. the sound money ad-
vocates would not regard the commodity
dollar as Sound money" because It
would have q movable weight in gold.
If Mr.. Roosevelt clings to his policy of
buying gold at rising prices. in order
to raise the price level. and clings to his
expressed determination to adopt later
on what is known as the commodity
dollar" 1t Is evident that the country
will see a battle over currency similar to
that which came to a climax in the
Bryan Mckinley election of 1896.
The greatest fury OF that 1896 fight
was in this prairie territory through
which I am passing. If a new battle
arises it may come to a head in the
congressional campaign next Summer
and Fall.
Evening star., 1933-11-24
VANDERBILT OFFERS
NEW MONEY PLAN
Would Use Gold Bullion as.
Basis-Sees Stability As.
sured by Program.
BY the Associated Press,

BY the Associated Press.
NEW YORK, November 24.-Frank
A. Vanderlip, noted financier. last
night outlined plan for stabilizing tie
dollar without reverting to the gold
standard Of the postwar period.
Vanderlip, expressing opposition To
unrestricted currency imitation as well
as to the gold standard as 1t previously
existed, said. however, that he did be-
lieve "in the definite attachment to
gold OF our currency, so far as ability
to settle foreign trade balances in gold
is concerned"
He expressed the opinion that his
plan would return us to the gold
standard. would stop the exaggerated
gyrations of the foreign exchange mar
ket and give legitimate exporters and
importers solid basis upon which 10
calculate"
Would Prevent Hoarding.
Also. he said:
1T would prevent gold boarding. It
would prevent our monetary base from
augmentation or depletion without re.
gard to any proper elements of the.
monetary problem, which amounts to
the most vicious tinkering with our
currency by foreign forces
AS outlined in a statement released
through the Committee for the Nation
Vanderlips plan follows:
First: Permanently cease the coinage
of gold.
Second: Convert all existing gold
coin into bullion.
Third: Confne the convertibility Of
the stabilized dollar to eXchangeability
for gold bars only, with a minimum
weight equal to approximately $4,000 in
the new currency
Fourth: Prohibit the Federal Reserve
banks from receiving deposits from for
eign central banks and compel all men,
Der banks currently to inform the Fed
eral Reserve banks regarding the total
OF foreign controlled deposits in mem-
Der banks.
Would Keep Control.
Fifth: Retain the present Govern
ment control of all foreign exchange
transactions. Specifically define that
control as meaning that gold will only
be freely supplied for settling legitimate
foreign trade balances. Shipments of
gold moved in response to international
finance bills or the purchase or sale of
securities or merely by the will of
frightened owners of timid capital
should be controlled by Government"
With respect to his fourth recommen-
datiOn, Vanderlip said, Foreign bank
ers have tinkered with our currency to
an extent which We have not recog-
niZed."
Evening star., 1933-11-24

ruling that Ford is eligible to sell his
cars to the Government"
The answer: A grin and wave Of
the hand.
Asked about the labor situation in
the agricultural industry. he said that
was being handled by Secretary Wal
lace.
There can be no question Of the sue
cess of the recovery act" he said. Il
am confident of that when we've al
ready accomplished rs per cent recov-
cry in the few months of operation"
johnson told the newsmen that the
newspaper code was not brought along
to present to President Roosevelt be-
cause there was some technical Ian
guage to be handled before the final
draft was completed.
Are the newspaper reporters taken
care OFF" he was asked.
We'll" he answered slowly, II be-
lieve that is one of the matters that
has not been finally disposed Of"
He turned questioner. Have you a
newspaper guild here?"
Informed there was no such organ
ization. he said: We'll, you ought to
have one. That's the way you are 60
ing TO get things-organiZe"
He was in Warm Springs today to
confer With President Roosevelt.
Evening star., 1933-11-24
Funds Run LO,u,
Mrs. Dali Declines
Dra,oing Room,
President's Daughter
Proves She Must Take
Ordinary LO,cer Berth.
BY the Associated Press.

by tne hSsOClateu EIeas.
BOSTON, November 24-This Is the
story, as told at the South Station yes
terday, of how q Presidents daughter
happened to travel back to Washington
in a lower berth instead of a drawing
room.
1.-THE Presidents daughter can't ride
in an ordinary lower BERTH" said the
conductor, feeling certain a mistake had
been made in the reservation. so We
have engaged the drawing room for
you"
Mrs. Anna Roosevelt Dali was equally
positive no mistake had been made in
her reservation and dumped out the
contents of her purse to prove it.
I've $4.53 here. and that's all" she
said. III you want to give me q draw.
ing room for that. I'm perfectly sat
isf1ed."
Make up lower g." the conductor told
the porter.
Evening star., 1933-11-24

about the published report that the
Federal Reserve advisory council had
warned against the new monetary pro-
gram.
The vacationing President yesterday
enjoyed another day of complete relax
alton. He took a swim in the open pool
and then drove his car about the vicin-
ity Stopping as he passed a group Of
newspaper men, who accompanied him
from Washington. he accused them,
with laugh, of waylaying him. When
the personal conversation veered to the
monetary dispute he laughed. showed
in the clutch and waved a farewell
Evening star., 1933-11-24
PROGRAM MOVES AHEAD.
M0rgenthau Gives President Latest
Data on Dollar Policy.

BY the Associated Press
WARM SPRINGS, Ga, November "a.
PRESIDENT Roosevelt moved resolutely
anead With his dollar deValuation pro-
gram To-Day in conference with Acting
Secretary Morgenthau.
Mr.. and Mrs. Morgenthau travelled
here from Atlanta unheralded at the
Little White House" by any signs of
new moves or changed policies.
Tonight the President dedicates the
new Georgia Hall, given to the Warm
Springs Foundation by the people of
this State. He will talk over the air
10 the Nation, but his associates say he
regards this event as one of intimacy
through his close association with this
retreat for infantile paralysis victims.
So they do not look for any public
discussion OF the monetary controversy.
Silver Action Possible.
Mr.. Morgenthau brought the latest
data on the trend of events in the
Governments program to increase the
price OF gold and there was very much
OF a suspicion that the President and
he might be ready to consider a step
coupling silver rise with this effort.
The President is saying nothing about
the criticisms of his monetary policy,
voiced in the last few days, unless his
call for fighting policy in his talk of
Tuesday could be attributed to the
money dispute. There is every indica-
ton he will make no public reply to the
critics. and let the results speak for
themselves.
Intimates Of Mr.. Roosevelt expressed
no surprise at the public criticism
voiced by James NJ Warburg The
views of Warburg and o. NJ. w. Sprague,
who were financial advisers to the Lon
don economic delegation. were overruled
by the President in his stand against
immediate currency stabilization at the
London parley.
1t was stated at the Little White
House" that nothing is known here
Evening star., 1933-11-24
MONETARY POLICY
CONTINUANCE SEEN
Roosevelt -Morgenthau Par
ley Expected to Bring De-
cisive Stand on Program.
the regularly appointed Secretary OF
Continued From First Page)

the regularly appointed Secretary Of
the Treasury.
Under an Attorney Generals ruling
OF a previous administration, it was
held In a similar instance that the
Acting Secretary could not serve in
this capacity
Morgenthau, who previously had said
there were no obstacles to his serving
in this way. yesterday said it would
prove no handicap to him in his activ-
tiles.
The appointment of Roswell Magill
OF Columbia University as the Treas
ury's tax adviser was announced yester-
oay by Morgenthau. He will replace
Harold M. Groves who was named 10
that post before Morgenthau came to
tne treasury The Acting Secretary
SAID Groves had been unable to meet
The civil service requirements. Magiu
however. will not be required to take
civil service examinations, Morgenthau
SAID, as a place has been found for him
IN budget not requiring such a test
Morgenthau described Magill as the
Al man on taxes in the country.
Evening star., 1933-11-24
NEW ANTHRACITE STRIKE
DELAYED FOR DECISION
Postponement of Walkout Asked
Pending Wagner's Interpretation
of Labor Board Order.

WILKES-BARRE, Pa, November "a
R)-A new strike which threatened
the anthracite field has been delayed
pending an official Interpretation of the
National Labor Boards order that op-
orators were to rehire miners without
discrimination.
Thomas Maloney. district president of
the United Anthracite Miners of Penn
sylvenia, who had announced that a
walkout might be called within "a
hours said he would ask miners to re-
main at work until Senator Robert F.
Wagner. chairman Of the Labor Board,
rules on his recent order.
Evening star., 1933-11-24
PLANS BUTLER HONOR
Presidents Cup Regatta Group to
Give Farewell Luncheon.

The farewell luncheon to be given
Rear Admiral Henry v. Butler. COM
mandant of the navy yard, by the
Presidents Cup Regatta Committee
will be held next Friday at 1915 pm
Postponed from yesterday because OF
the illness of Admiral Butler. the af-
fair will be held at the headquarters OF
the Chesapeake g. Potomac Telephone
Co., John A. Remon. general manager
of the telephone company and COM
mittee chairman, has announced.
Admiral Butler, who will leave Wash
ington next month to assume command
of Battleship Division 3 on the West
Coast. was said by naval officials today
to have recovered.
Evening star., 1933-11-24

Votes Every Time for 40 Years.
Mrs. Bertha NJ. Gray claims she ha.
never missed voting in 40 years. Tht
ballot box has been installed in hel
front room in Salt Lake City. Utah. al
every election during the last two dec.
AIDES,
Evening star., 1933-11-24
Mountains Unexplored.

Hundreds of square miles of noun
famous Utah have never been visited
by white men.
Evening star., 1933-11-24
FORD HAS COMPLIED
WITH RECOVERY ACT,
JOHNSON DECL ARES

Continued From First Page)
Evening star., 1933-11-24
Promises S2,60O, ,OOO, 900 Budget.

with respect to the fiscal year 1885.
Il is the aim of the Bureau OF the
Budget to send to Congress estimates of
expenditures and appropriations to meet
them in the amount of less than
$1,000, ,000,0 900, exclusive Of sinking fund
requirements.
"Because there is no present way to
estimate what the cost Of living will
be during the fiscal year in question,
Evening star., 1933-11-24
abandonment Seen

Complete compliance by Mr.. Roosevelt
with the demands of sound money ad-
Evening star., 1933-11-24

"The final objective of these expendi-
lures is the attempt to support the price
of agricultural commodities during the
period in which it was to be hoped the
effects of recovery would become evl-
dent.
"Predicated upon the present estimate
OF expenditures for these purposes and
for the purpose Of operating the normal
agencies of the Government, the ma
tional debt in the fiscal year 1894 will
be substantially increased. Because Of
certain still underlined policies of the
Government the amount of the increase
In the national debt cannot now hon.
estly be stated. OF the increase, how
ever, approximately $2,5o0 100000 will
be paid by the liquidation, through a
period of years, of loans made by the
Government.
AT the present time, this is as accu-
rate and as honest a statement Of the
budgetary position as can be made. at
least in so far as the fiscal year 1884
Is concerned.
Evening star., 1933-10-28

U u D
building and loan fundamentals. book
keeping and accounting, real estate APP
praising, commercial law and allied
subjects. The curriculum is directed
by the American Savings, Building and
Loan Institute, which Is the educational
branch of the United States Building
and Loan League.
The development Of the American
Savings, Building and Loan Institute
is interesting in that; while it is the
educational agency Of business 103
years old, the institute Is less than 10
years old. The first building and loan
association in the United States started
business in 1881. The idea became
popular and. institutions Of this type
were started in all sections Of the
country, progressing steadily and con-
tinuously until at the present time
there are over 5000 ,0o0,0 invested in
these associations, these funds being
used to finance the purchase Of mill
lions of homes.
So purely local in character were
the associations each operating on its
chosen plan, that no need was felt for
educational facilities until about 1917.
Eight years later the first text book
was published. The remarkable growth
Of building and loan, especially in the
pdSG 10 years, 1ldS ttllk)IldS4ZeO lllS cOu~
cational need. Further, the legislation
of the past two years, creating the Fed
eral Home Loan Bank System, and the
system of Federal Savings and Loan
Associations renders a broad educa-
tional program essential to the proper
conduct of the business, Mr. Dyer says.
The local chapter has the unqualified
support of the building and loan leaders
in this city and it is anticipated that
from time to time the present courses
will be supplemented to enable this
chapter to render greater service to its
members.
Evening star., 1933-10-28
EUROPEAN WHEAT
MARKETS ARE DULL
Continental Crop Slightly Above
Last Years Record
0utturn.
BY the Associated Press.

BY the Associated Press
European wheat markets have been
very dull in recent weeks as a result Of
a continental crop slightly above last
years record outturn, together with
larger than usual carryover in many Of
the more important countries.
The most difficult problem now facing
the continental countries is said to be
the disposal of domestic wheat which
cannot be absorbed by the domestic
milling industry
Overshoot Mark.
In that respect European countries
have overshot their mark The last few
years have seen decided efforts among
these nations to become seIf-sufficient
in the production of bread grain. The
very presence Of large supplies is said
to have contributed to the success of
the international wheat agreement. the
completion Of which probably marked
the turning point in the expansion of
wheat acreage in Europe generally.
After years of advocating self-sufi-
ciency, however, it undoubtedly will take
some time Tor the various governments
publicly to reverse their stand. but many
of them already are reported to be
quietly preparing the ground for an
eventual reduction in wheat acreage. In
any case, the peak Of acreage expansion
on the continent seems to have been
reached and a gradual decline together
with gradual easing of import restric-
tlons may be expected to follow.
Lower Production Seen.
Even If perceptib1e reduction in
q cR on rOr7ti ont
ours during the next yea-, it is more
than likely total production will be con-
siderably below that of the last two
years Assuming an acreage equal to
that harvested in 1888, yield equal to
the average for the years 1928-1e32,
would produce a crop 10 per cent below
that harvested this year The excep-
t'onally favorable weather experienced
in July and the first half of August this
year is not likely to occur again in
many years, observers say.
Evening star., 1933-10-28
PROMOTERS GIVING
AWAY GOLD STOCK
Business Bureau Warns Public
Many New Issues Are
Assessable.
Special Dispatch to The Star

Special Dispatch to The Star
NEW YORK, october 28.-Taking
advantage of aroused public interest in
gold, some Western mining companies
Offering stock to investors by an in
genious expedient through which they
apparently hope to avoid the respon-
sibilities imposed by the Federal securi-
ties act, the National Better Business
Bureau announced in a Nationwide
warning to investors today.
Under the terms of the act, the
bureau explained, any company offer
ing a new issue of securities for sale
must furnish investors with pros
pectus containing complete disclosure
of all material facts affecting the issue
and must file a registration statement
with the Federal Trade Commission.
Some new gold mining enterprises in
an apparent effort to evade these re-
stricticns are offering their shares to in
vestorS free of charge. With the stock
comes a glowing but incomplete report
about the company and its prospects.
The catch Is that the stock Is assess
able and the new stockholders soon
receive notices of assessment which they
must pay or lose their equity. Such
methods CT raising funds are in vio-
laClOn OF IIe SplrlC OIL tIle SeCurltleS dCG,
the bureau warned. even though they
indy not prove to be in conflict with the
letter Of the law, and investors who
participate on the basis of the meager
informa ton furnished by the offering
company are denying themselves the
protection which the Federal securities
act provides.
Declaring that there has been a
marked increase in offerings by new
gold mining companies the bureau en-
phasized that the majority Of such
promotions are highly speculative. In
vestors were also advised to supplement
the data contained in registration state
ments filed with the Federal Trade
Commission by an investigation of the
individuals behind the issuing company.
Disclosure of the antecedents of the
Cficers and promoters is not required
by the law. the bureau explained. and
in the case of some companies which
have filed registration statements the
past records of the principals at interest
do not inspire confidence.
Evening star., 1933-10-28
TRADING IN BONDS
!. MOVES UNEVENLY
U. S. Governments Steadier
European Gold Bloc Is
sues ReaCtionary.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, october 28.-Bonds
moved unevenly in today's session on
the Stock Exchange. United States Gov
ernments were somewhat steadier than
early in the week. European gold bloc
issues reactionary after their recent
rises and domestic descriptions dull,
rails and most uniform weakness in
the gilt-edged carriers.
Cause Of Improvement.
The improvement in Federal bonds
may have resulted from the strength
of the dollar in London or may have
represented merely the completion of
some selling of excess allotments of the
new Treasury Al -3As, which issues
will be formally traded in next We'd
neSday. At any rate this betterment
in Libertys and Treasurys helped mu-
nicipal and State bonds in over-the-
counter transactions.
Italian loans, which were whirled Fri
day on the belief that some sort of con-
version offer would be made for them
as was rendered for the Swedish issues,
reacted today. French issues f1uctuated
fractionally despite the movements of
francs. Brazilian securities for time
were in supply as cables from Rio in
dicated possibilities of revolt there.
Denver G. Rio Grande Western SIS Of
1855 proved an important exception to
the general SteadineSS of junior rails,
this movement being caused by publica-
tion of September net operating income
of S637 ,305, which compared with
$65l 800 in the same 1882 month. St.
Paul adjustments afterwards were also
in supply.
Carriers Quotations.
In the better grade carriers soft spots
included Chesapeake Corporation SIS,
Chesapeake e. Ohio 4l2s, series B. Of
1895, and New York Central 3l2s Of
1897. Rumors of possible agreement
on rubber restriction brought out better
bids for United States Rubber IS OF
1947. Metal debentures moved mar
rowly. Meanwhile some of the high
grade rails, like Atchison general As,
opened higher.
Finnish loans for a time frightened.
Danish bonds, however. inclined down.
wards Argentine IS of October, 1853,
opened higher Australian securities
lacked the vigor of the preceding ses-
sion.
Evening star., 1933-10-28
New York Cotton
Special Dispatch to The Star

Special Dispatch to The Star.
NEW YORK, October 28-An unex-
pectedly large crop estimate by Chi
cago house of 13,740.000 bales, or
100000 over the last Government es-
innate. caused a slight decline in cot
ton prices today, with loss of to 10
points at the close. Spots were reduced
10 points to 9.75.
Weekend profit taking, combined
with the normal Saturday hedging oper-
ations against spot purchases in the
South, supplied moderate trade buying.
and the market held within narrow
range.
A week ago December closed around
GIT, which was about the same as the
previous week, while today's quotations
were about 81 bale above levels pre-
vailing when the last Government crop
estimate was issued on October 9. In
other words though the South has mar
keted approximately 1000, 900 bales dur
ing the past three weeks, prices are
actually higher than at the beginning
of this period.
Considering the falling of in new
orders as q direct result Of the higher
production costs made necessary by
processing tax and codes, action OF the
market shows steady increase In buy-
ing power on the theory that contract
quotations will tend to be established
on a basis commensurate with the 10
cent lending figure for low mloonne as
interior warehouses
Evening star., 1933-10-28

CINCINNATI, October % [P.-Di-
rectors of the Kroger Grocery d Bak-
ing Co. declared a cash dividend OF 70
cents a share on common stock, pay
able December 1 to stockholders of
record November 10.
Ale per cent dividend was declared
on the first preferred stock, payable
January 2 to stockholders of record
December 20, and a dividend Of pa
per cent on the second preferred stock
payable February to stockholders as
Of January 19.
Evening star., 1933-10-28
Earnings Reported.

NEW YORK, October % Lp).-Sout:.
Puerto Rico Sugar Co. reports for the
year ended September 80 net income of
S2055,77l. equal to S222 a common
share, compared with 1892 ,267 or 81. SO
a share year ago
The report of Fisk Rubber Corpora
ton, successor to the Fisk Rubber Co,
for the quarter ended September 80.
shows net income of s533,85l. For the
period May 20 to September 80 net in
come amounted to S725,130.
Evening star., 1933-10-28
TRUCKMEN BACK AT JOBS
Philadelphia Strikers See Their
Demands Get Consideration.

PHILADELPHIA. October % (P.-
Striking truck drivers returned to work
Yesterday, With their wage and work.
ing hour demands under consideration
by the National Labor Board repre-
SentatiVes.
John L. Connor, board mediator. said
he had obtained the cooperation of
employers and union officials in ending
the drivers two-day strike. He said he
had received no reports of failure of
any Of the 1000 strikers to return to
work
Connor will preside over conferences
between union representatives and en-
ployers The workers asked a 44-hour
week to supplant working schedules
which they said now run from 54 to 100
hours. Their wage demands were not
announced.
Evening star., 1933-10-28
Hog Prices.
MONETARY GOLD STOCKS
UNCHANGED FOR WEEK

Monetary gold stocks Of the United
States were unchanged during the week
ended October IS as the record was kept
by the Federal Reserve Board. In the
table that follows the total of such
stocks is given for comparable periods,
as announced by the board:
Week ended October Is. 81 1923 900 000
Previous week, s4,323, 900, 900.
Same week last year, $4,257, 900, 900.
Evening star., 1933-10-28
$6.415,027 in Bonds.

NEW YORK, October pa small
volume of State and municipal financ-
ing is scheduled for next week. Daily
Bond Buyer estimates the total at
Sc, 5,o27, which includes a call for
tenders on Tuesday of s5000000 in
State Of New Jersey emergency relief
bonds to bear interest at not more than
5 per cent.