Evening star., 1933-09-20
PRESIDENT WILLING.
To HEAR INITIATION.
VIEWS OF SOUTH
Roosevelt Will Likely Meet
Delegation of Cotton Grow
ers Tomorrow.
THOMAS SAYS EXPANSION
is ALREADY UNDER WAY
Chief Executive Silent on Stand,
but Believed to Hold to
Former Position.
By the Associated Press.

BY the Associated Press.
President Roosevelt sent word today
he would be glad to receive the South
ern delegation urging currency imitation.
but meanwhile he maintained his strict
silence as to his views on the sub
ject.
He will be unable to see the delega-
ton of infationists before tomorrow.
however.
Leaders in the cotton gathering had
decided not to insist upon conference
with the President because Of his cold.
Before hearing from him and in
view of his indisposition, the leaders
had tentatively agreed to let letter
stand as their appeal.
Situation Held Desperate.
The letter. signed by several score
delegates late last night, said the sit
uation in the cotton-growing States ''is
desperate" and asked for immediate
effective action to raise the level Of the
price of cotton and other farm pro-
ducts" through imitation.
Senator Thomas, Democrat, Of Okla
homa, acting chairman Of the conven-
ton in the absence of Senator Smith.
Democrat, of South Carolina, who left
last night for his home on a private
mission, said there was no necessity
for the committee selected to wait here
until the President recovered suff1c-
iently to see 1t. to pursue this course.
I'VE have accomplished all that can
be accomplished at this time Thomas
said.
Thomas Sees Imitation.
An assertion that President Roose-
welt gradually was bringing about in
f1ation of the currency, but would not
even dare to admit it," was made today
by Senator Thomas.
1T is my opinion" Thomas told news
paper men that President Roosevelt
does not want to make statement on
imitation because if he even limited 1t
commodity prices would jump too fast
and too high before the money is dis
tributed among the people.
When all these codes are signed up
under the N r. A. and millions OF peo-
pie are returned to work, then the
President will be free to openly con-
cede imitation. That time IS now ap-
preaching rapidly. The cotton and other
farmers now harvesting their crops want
1lllldIlOIl lIllIuculdIcly 81 t41Cy Io1 W.
tain benefits from it."
Thomas said Mr.. Roosevelt by
mere statement could increase prices Of
all commodities within few minutes
but 1 think he is trying to bring 1t
about gradually in order to avert any
thing drastic"
The administration, the Oklahoman
said, was bringing about imitation IN
many ways.
Cotton Pool Rumor.
He said it was rumored that the ad-
ministration was seeking to organize
mortgage company to purchase large
quantity of cotton and possibly wheat
to be sold to Russia or China on
credit basis. He said as he understood
the proposition the organization would
90 into the open market and buy prooa-
bly, million bales of cotton to increase
the price of the staple. Either the Re-
construction Corporation or Federal Re
serve Bank could finance the PROPOSE
ton. he said. ;.
cold today is at the highest price II
has been probably in the history OF
present-day nations" Thomas Saio.
."This indicates the world believes the
United States is initiating its currency
because the higher gold goes, the lower
the dollar falls"
Thomas then enumerated i've ways IN
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