The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1934-06-01


party and named 1t
the Progressive party.
SENATOR No statement of prin-
Ia rohe''e ciples was made, all
attempts to bring one forth being
sQuelched.
Senator La Toilette kept in the back
ground until questions of organiza-
ton were settled. With the party
name decided, the senator came into
the picture with prepared speech.
The period called Republican pros
perity, he said, had eliminated In the
collapse of the country's economic life.
1.-THE disaster of 1929 and the acute
distress and suffering of the American
people that followed were made pos
sible by the betrayal Of the peoples
trust by men in both parties, con-
trolled through their party organiza-
tons by privileged interests"
John ]. Handley, secretary Of the
Wisconsin Federation of Labor, told
the delegates he was disappointed In
the character of the conference.
Speaking deliberately and carefully
for organized labor he said he had
hoped and expected the conference
was to bring together all of the forces
Of liberal thought If 1t does not, he
said organized labor will not go along.
A few hours later state central
committee was formed, with former
Gov. Philip La Toilette as its chair
man, and in Milwaukee it began map
ping out the campaign for the autumn
congressional and state elections.
The new party is the second to be
born in wisconsin. Eighty years ago,
at Ripon, only few miles from Fond
du Lac, members of an anti-slavery
movement gathered at schoolhouse
to form political party and named 1t
Republican"
IN ORDER that congress may adj
L journ June s, or at the latest by the
middle of the month, the President and
several congressional leaders got to-
gether and pared down the legislative
program. They agreed to limit the
must" bills to four measures. These
are:
The one billion three hundred mil
lion-dollar emergency appropriation bill
carrying funds for the continuation Of
the New Deal relief activities.
The communications control bill pro-
posing the consolidation Of federal reg
ulation over all communications.
The loans to industries bill, author
izing RFC and federal reserve bank
advances to smaller industries on in
termediate credit terms.
The deposit insurance extension bill,
continuing the temporary federal bank
deposit guarantee plan for another
year in lieu of putting the permanent
program contained in the Glass bank
ing bill into effect at this time.
Mr.. Roosevelt sent to congress a
message explaining why the first
named bill is necessary, and urging
that no more than the amount asked
be appropriated.
One other measure that may be put
through at this session is the silver
bill upon which the President and the
silver bloc agreed and which was to
be introduced with a message from
Mr.. Roosevelt. AS predicted, this is
a compromise containing these pro-
visions:
A declaration of policy that the gov
eminent recognizes silver as primary
money and that the nations metallic
reserves shall be Is per cent silver
and rs per cent gold. This is manda-
tory.
The secretary Of the treasury is au-
thorized and directed to purchase sill
yer until it reaches $1.29 an ounce or
until its metallic reserve strength
reaches Is per cent. This Is both per-
missive and mandatory.
The President is authorized to ma
tionalize silver through condemnation.
This is permissive.
CONSIDERATION Of the records Of
~ three Chicago federal judges in
receivership and bankruptcy cases were
under consideration by the house judi
ciary committee, with the possibility
of impeachment in prospect. A SUBJ
committee turned in report on the
jurists. Charles E. Woodward, James
II. Wilkerson and Walter G. Lindley,
making no recommendations for or
against impeachment but criticizing
sharply their allowances for attorney
and receiver fees.
With respect to Judge John p.
Barnes. who has handled several re-
ceiyerships and bankruptcies In the
federal courts at Chicago since 1888.
the subcommittee declared it had mo
criticism as to his conduct, in these
matters"
CECRETARY OF THE NAVY
- SWANSON announced that as soon
as funds can be obtained from the
public works appropriation asked by
the President, the construction of
twenty warships win begin. These
vessels viii cost $40,0O0,0O0.