The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-09-20
WALLACE SAYS.
lUICK RESULT.
no Be AVOIDED.
Administration Prefering
Long Time Plan Of Fu-
ture Benefits
MARCH OF MILLION
MAY URGE INITIATION

i CHICAGO, Sept. 20. CUP)-
Secretary Of Agriculture Wallace
kp 4 sarytully considered address
(which had been read and approx.
h tg resident Roosevelt today
have .ra nation the administra-
g aas Jews on growing demands
h. atlation and price fixing,
Wallace, speaking before the
kan dealers association here
rrclred Initiation is not 4 cure
and that attempts to fix
a.es without control of produc~
ion we're dangerous and doom
to failure"
Waving of wands will not
suffice 70 disSipate real econmic
|v5,emS" he continued. There's
/ Danger that optimism, price
king and initiation will all of
hem tend to increase, rather
han TO reduce the lack of bal
a,ce resulting from our creditor
5s.tion, our high tariffs. our
IlrpluS acres and our excess
ahcss of fundamental goods.
Its time for the people to
'sg,n 70 think in terms of long
inc supply and demand a situa-
ton which spreads over years
6I&sai of days.
There Is no money in 1t Tor
Eism right now but there will be
Satisfaction in it for their chill
|tren. Grandchildren" he declar-
81.
Wallace denied, however. that
be had changed his belief IN
controlled initiation.
WASHINGTON, Sept. 20 (UP)
r. march of 100000 men on
| he capital TO demand initiation
|Fas proposed yesterday as the
demand for cheap money deve-
|Dged increasing impetus, but
freSident Roosevelt disp a y e d
parked GOODNESS toward attempts
rush his administration into a
~ monetary policy.
The president was represented
+ Senator Key Pittman, Dem,
H.. who called on him to urge
Sflation through free silver coin
D., as feeling that the signing
4 the coal code marked the
IIning point in the recovery
&0gram, and that a continuation
the present program of in
keaslng credit and encouraging
f. flow of money already
Hailable was the best course for
time being.
The president. Pittman made
clear. was greatly encouraged
Ia the general economic situation
D. was standing firm on his
y o6cy Of promoting a gradual
Icreasc i'm commodity prices
& nle working to bring back into
b business stream S40,00O,OOO-
no deposited in banks and
hoaftei in vaults of the nation.
81 The threatened march on
Washington to demand initiation
as proposed by Sena t
nomas. Dem, Okla, as a ma
0aal farm initiation conference
q eMbrace war veterans and IN
as,ria representatives as we'll
4 agriculturists. It might be
tered within a fortnight, 1t
Pas Indicated. If the admins
Futon did not move toward
rect initiation.
he made his suggestion at
tcret session of the cotton con-
s'ence which previously n d
s. lopled unanimously a resolution
smanding issuance of millions
treasury notes and a guaran-
OF 20 cent cotton. 1t was
eIdcdly an inflationist day IN
aSh!ngton, but the administra-
on displayed what appeared to
1Sleryers TO be a careful lack OF
0'huS'asm about it all.
4 a delegation from the cotton
kynterence called at the White
louise 20 present Mondays reSO-
1''onS, hut was informed that
e Presidents cold. which con-
81 ned him for another day tn
s PerSnal apartments prevented
m from receiving visitors.
Inc 100 advocates of hundreds
i millions in new dollars climb
II INTO fleet of 20-cent taxi
aus and sped to the agriculture
eyastment to see Secretary Wal
Ia ~, The secretary shook hands
sIaOIv and said he had an en-
a5Sement. He left agricultural
iuMinlStrator Peek to listen to
imitation demands. Peek said
would be fine if the delegates
%.Ied a committee 'to sit in
IN as and show us the proyi-
ohS Of the AGRICULTURAL adjust
"a, act YOU think will give you
% tGIUBS y-CT,r-o &c.. t.,.tF ..