Evening star., 1934-03-11
Meat and Dairy Products.

rise of Z per cent. Cereal products
registered a per cent advance Com
pared with February, 1888, however
cereal products. with an advance OF
nearly % per cent, registered a
greater rise than any other group
Dairy products moved upward 1875
per cent and meats per cent
AS compared with February Is
1858. all of the cities included in the
report showed material advances in
prices. Minneapolis, where the in.
crease was more than 26 per cent
showed the largest advance during
the year The smallest increase OF
8.5 per cent was registered for Los
Angeles, with Washington well up In
the ranks.
In the two-year period since Febru.
ary is, 1882. total of 43 cities have
shown advances, ranging from 2 pei
cent in Seattle to los per cent ir
Buffalo, compared with nearly 4 pei
cent in Washington. In the eight
cities where prices declined the de.
creases ranged from less than one
half a per cent in Portland, Me-, tx
nearly 9 per cent in Butte, Mont.
Pittman to Answer Reed.
Senator Reeds speech assailing the
administration money policy was
made while the Senate was passing a
House bill to authorize the President
to compensate foreign service officers
and employees for losses due to the ap.
probation of foreign currencies ii
their relation to the American dollar
Senator Pittman, Democrat, of Ne
vada. indicated he would reply te
Reed this week
After declaring that the experience
Of other countries in reducing the
gold content of their money units has
shown that it had to be followed "by
Just such adjustments as this ACT
typifies,' Senator Reed continued:
THE devaluation of the dollar as
Of those currencies was reflected i'm
mediately in foreign exchange rates
and Immediately in the prices OF
those commodities. like tin. rubber
hemp and other things which we our
selves did not produce and which we
must import. To that extent, the
cost of living in dollars rose the very
moment President Roosevelt debased
the currency of the United States.
Inevitably the cost Of living rose
instantly upon all Americans living
abroad on incomes derived from this
country. We made their problem
harder by the terms of the economy
law a year ago.
For example, the American Battle
Monuments Commission had about 6
oozen officers working in France com.
pieting work in the military cemeterie.
on the battlefield monuments. Thost
young men found that the purchasing
power of their American dollar wen
down 40 per cent by this debasement
They found that their salaries wer,
affected by the cut provided in th'
economy law. Another Is per cen
was taken away from them through
that.
The pay freeze as it was callee
in the Army, prevented their receiving
the pay which was given them by ths
act of 1922. and, all told, those cumu'
,atlve reductions in their pay amounted
In some cases to approximately 81
per cent Of the compensation thos'
men and their families were living on
Some of them actually found tha
their American pay. after these reduc
tions, was not enough to pay ever
the rent for their quarters abroad
not to mention the cost of subsistence
and their families expenses.
Other Nations Examples.
1T is a safe prophecy, because tn
experience of those other countrie
has proved it over and over again
that these conditions which We ar
trying to correct by the pending bill
will, after a comparatively short lag
be reproduced in this country 70
every one who is living on fixed in
come.
1.-The pensioners Of this Government
will be forced to come to Congress
for a 60 per cent increase in the com
pensation they are receiving for thei
disabilities The employees of tn
Government will be forced to com
to Congress for 60 or IS per cen
increase in their pay. so that the
may be on even terms with their stu
alton before this debasement Of on