, 1934-11-16
The World
At a Glance
by leslie EICHEL
Central Press staff Writer

central rTco1 Cbd11 WIlter
NEW YORK, Nov. l6-Govern-
ment bonds are likely TO decline
due to the public spending that will
ensue when the new congress gets
into action. That will cause many
banks 70 turn their bonds into cash,
To maintain their liquid reserves
without depreciation. And that, too,
VIII expand credit but viii 1t
expand credit too greatly?
The hungry man does not worry
concerning that. But initiation and
then deflation do have their effect
On men. Often that is why they are
hungry.
Social Services
The United States, when congress
gives II the social service measures
that r coming. will be among the
last OF the great nations 10 recOE-
nize that obligation to Its citizens.
A writer telling Of highlands social
services says that II every person IN
the United States had been charged
on the same per capita basis as the
British for social services the
American bill would have been more
than l8 billion dollars since 1920.
A woman writing from Germany
says: las poor as Germany Is, We
have our health and unemployment
payments. That is more than one
VINO - penniless can expect in the
United States"
MELONS Loss
For once Andrew Mellon Is on the
short end.
Mellon has q monopoly in the
United states on aluminium manu-
featuring. That monopoly Is pro-
tected By a tariff-which helped to
boost the price the American gov
eminent had TO pay for aluminium
when IL was badly needed during
the war.
Well, when II began to appear
that the government would loan
large sums to railroads to build
streamlined motor trains, the nat
ural assumption was they would
build OF aluminium. But lightweight
steel is winning out, evidently,
against aluminium and duralumin.
The government desires the rail-
roads 10 borrow 30 million dollars
for speed trains and trackage to
correspond.
Home Work
One OF the chief problems faced
by NRA officials is home work.
The majority OF women workers
IN New York were found TO be
working at home for 2 to 10 cents
an hour, according to Miss Frieda
5. Miller. director OF the women's
division on the New York state de-
partment OF labor.
There are $4,000 OF SucL women
workers in New York alone.
And the articles those women
make bear the NRA insignia.
Wheat In 1885
What win be the price OF wheat
IN 1885?
The 1896 presidential election may
hinge largely on that.
Henry A. Wallace, secretary OF
agriculture, recently told q Chicago
audience that ne was mot sure but
what the Chicago price of wheat
should be allowed to sink TO the
Liverpool COR naturaD level"
Wallace added: with ordinary
weather in 1885 there will be real
trouble with wheat "a drop in
price,"
Wallace further remarked: IN
telligent people have not had CUTS
enough to impress our emotional
citizens u shift from a debtor
to a creditor nation"
In brief, If the United States
does not purchase goods abroad.
foreign purchasers cannot purchase
American wheat.
Mrs Hauptmann
New Jersey authorities believe
federal operatives came upon a
strange piece Of evidence when they
unearthed that q $4,000 brokerage
account was opened by Bruno
Hauptmann's wife under her maiden
name, Anna Schoeffler, four months
after the Lindbergh ransom was
paid.
The New Jersey authorities have
q whole room Of evidence, which
must be pieced together. That pro-
cess viii take every available day
UP TO the trial date-January 2.
It Is said now that II HAUNT
mann's former counsel had demand
ed an immediate trial. the state
would have been put ON the de-
fensive. II would have had no evil
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