The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-09-28

degree Of imitation, shown oy tne
declining price Of the dollar on ror +.
sIgn exchanges-a few days ago 1t
coached the lowest level In ifty
.sors-but this Is not enough for
the downright infiationists. Great
nressure was being brought on the
PRESIDENT, the leaders in this being
senator Pat Harrison Of Mississippi,
chairman Of the senate finance COM
mittee: Senator Fletcher OF Florida,
of the banking and currency COM
mittee: Senator Thomas Of Okla
homa and Representative Byrns OF
tennessee, house majority leader.
Harrison predicted adoption OF a
nav administration monetary policy
II the near future, indicating 1t
would be in full swing BY mid-Oc-
tober when the movement OF cotton
from the farms reaches its peak.
.Tf the administration does not
act before congress meets" he said.
congress will compel adoption Of
IN inlationary policy and not leave
II to the discretion of the admins
tration as was the case with the
Thomas imitation amendment"
Declaring that the dollar Is too
high and the price Of gold too low,
the Mississippian proposed an in
hation program that would include
some or all Of these methods:
]. Issue treasury notes. d
2. Raise the price of gold in the
domestic market. -.
8. Purchase silver and issue
treasury notes against it, regardless
Of whether French and British CO.
operation could be obtained. f..
4. Create a dollar sterilization
fund to force the value Of the dol
lar down and to keep it there.
Washington correspondents said
the administration was planning to
act In accord with report from the
Presidents secretly appointed COM
mittee of monetary experts, which
Is opposed to radical imitation. It's
proposal Is that about November 1
an agreement shall be sought be-
tween the federal reserve board and
the central banks of Europe for
the Immediate sterilization Of Amer
lean, British, French and German
currencies by a process of "pegging"
them at one another. The dollar
would be pegged at a point between
20 and 80 cents.
President Roosevelt maintained
silence on the matter of imitation,
out was especially concerned about
the welfare Of the farmer. By his
direction the Reconstruction FL
nance corporation made available
70 the federal land banks another
sioO,VOO,OOO to assist in the immedi-
ate reinancing Of farm mortgages
aeid BY banks whose operations
nave been restricted by heavy port
Iolios OF such paper. This step, it
was believed, would help toward
Doostlng prices for farm produce.
a DEMONSTRATORS JOHNSON
ana his co-laborers finally Sue
seeoea In producing a code for the
luminous coal industry that was
accepted by all the operators ex-
eept TWO small groups and by the
miners unions and was approved
:. ~; PRESIDENT Roosevelt. The prin-
eipal points in this code are:
ffoVides for fixing of minimum
p.ices; prescribes a maximum 40
nour work week.
sets basic minimum wages for
sa1s 'sround workers ranging from
WHO TO 1888 in 16 districts.
sanize. - niihers 70 or
o'eates regional and national
40, us 70 govern the Industry and
se,.le labor disputes.
~. sne sale Of coal at less than
., ,a,f market prices" is forbidden.
m,u .nese prices are to be deter.
, eias u oy regional marketing agen-
vls s and d, subject to government re-
,cr,h,, Inc labor provisions pre-
into. ny the NRA are contained
s.s In the code. Also tho VOL.
own as gwen the right to elect their
to h. AeeA Weighmen, and are not
to live t y by their employers
Or ~ tive 81. In company rented noises
''aoe In company stores.
y tbo NG to the convention of
Nations, 'raln and Feed Dealers
SecrO. nal association in Chicago
tered a. OF Agriculture Wallace Mt.
fSins n,, warning that all plans for
uets rr, prices of agricultural prod.
Of sunn1N surely fail unless the law
With pply and demand is comnIied
sout,o, Farmers, he declared mnst
PRODUCTION, and, if they do