The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-10-12
LYLE c. WILSON .
l,,.S Press Staff Correspondents

,ted Press Starr
C.oyrirht, 1884, by U. P:
TSSHINGTON, Oct. II. (UP).
IN Sgns today point to contlnu-
! rrSp control and the woolng
! foreign markets as the prII-
lar Methods by which the adj
p;Tis-ratiOn will seek to boost
n-mojitv prices and wages.
Evidence is accommodating that
h new money magic will bear
t;ttls Il any. Of the principal
Fprisr of supporting the hoped
tor higher price and wage struc-
trrs Best informed opinion IS
HI president Roosevelt is rely
frg more upon the so-called WAL
<aSe recovery plan than upon up
kp any other anti-depresslon
>reiicine.
Such immediate and near-tu-
.tlre aid as the prices may OBTAIN
frOn manipulate nOf monetary
real will be from silver rather
Man gold.
The administrations present
klyer purchased program Is a
moderately inflationary policy
kslcuiated somewhat to increase
trces by cheapening money. If
Dr. Roosevelt desires to go be-
bond that comparatively mild
ksnulant, ne has congressional
pl.tority to increase the price
b alTer in relation to gold.
The field of gold dollar re-
ba1ation has diminished to
906 cents. This less-than-1O-
tsls margin is believed to be
trzed for use only when the
United States can enter an in
Sensational currency stabilzaton
kontsrence with Great Britain
Ant France.
It is understood that there is
Fnly the most remote possibility
fiat Mr.. Roosevelt would toss his
fsmaining dimes worth of gold
FoLar chips into the domestic
frce boosting game.
SymptOmatic of the continuing
EIver-purchase initiation was the
September increase of silver
Honey in the hands of the public.
rose S48,414,505 during that
nonth to new high of $780,
p43,6S2.
SPECULATION that Mr.. Roosevelt
OntemDIated further monetary
nanlpulatiOn was aroused today
men Prof. George Warren, Cor
ell mOnev expert, reappeared at
ne White House after foreign
faTel with fat brief case. War
IN formulated the administra-
on polio. under which the gold
ontent Of tho dollar was reduced
9OS cents congress author
Ied Nr. Roosevelt TO make a
rsTyrnum cut n 30 cents.
senator Robert J. Buckley. D..
anotN"r caller. EMERGED from
up PRESIDENT office and said:
me possibility of (dollarl
Nn'tion cannot he dismissed.
OuiSIev ir member of the
suFa banking and CURRENCY
.uDolff"o hut does pot recessar-
' sneak for the ?HmiriStratior
mr1ev "'atterS. Mr.. Roosevelt
.nSeIF grudrirol~ comedies that
sI"'ar" ma0inrlntion may be a
ar in confirming the rrice-
,unP policy hut he does not an
~ TO he verv certain about il
ID N,s ou,n rnd -
,,n ADMINISTRATION favor seems
c, ,ner 70 - With The plnu OF
w. q Agriculture Heury
Wallace contends that +he
S.pSeVoIt mo0otarv nolicv has
W.. ne" Temporary norav
,u u" saws ~ was a dnsir,
ran. p,n"d'n"t hut one which
.o, n&"t lon" "ortinun 10 omen new
eoosg markets for Americar
/ MAJ, oe"""Se other nations ulti,
1ar,V viii hriro Their money
b,qi, ~" nr'"Ns to a competitive
'' s,D Nth ours.
! no r, IRE mice Of pold IL
oarr, mice States will not serv,
,p,oL,"n.n'ir 70 rastore foreior
f,,s -"aSl0' nowe~ for our snrplu
a.. h"odurt-" iz Wallace
e:.,. "' '"Tn solve that w
"a, wv hove - irnpo~+ r-are nbvsi
SION 49,, rom abroad cr. els
frT"oncin" 50 much for ez
continued on page four)