davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-08-10
FOREIGN EXCHANGES.

NEW YORK. August 10 R1.--Foreign
exchange hrm Great Britain In dollars,
Great Britain demand. 5.oe%; cables.
mand, 6.67E; cables. 667h; Italy de-
mand. s.e9hi- cables. s.69h.
Demands; Belgium, 1870; Germany,
Sweden. % rs; Denmark, sS.7e: Finland
2.24; Switzerland. 33.06; Spain. 1885:
Portusal; 4;60i Greece. .96A; Poland,
2.32; Austria, lg25n; Hungary. 29. son;
Rumania. |, ,03; Argentina. 81 Don; Brazil
Si95n; AeII Toxic GO .2oi shanshsi, ae;351s;
pesol, 27.95i Montreal in New York,
log 75; New York in Montreal. 81 .25.
Nominal
Evening star., 1934-08-10
ARMY ORDERS.

Brown, Maj. Gen. Arthur W., the
Judge Advocate General, granted IA
days leave of absence, ON or about
August 10.
Gaujot, Col. Julien E.. Cavalry, re-
tired from active service. September 80.
Henry. Mai. Roy o.. Cavalry, from
Fort Oglethorpe, Ga, to the Army
War College, here.
Forster, Mai Arthur Oscar, Corps
of Engineers Reserve, ordered to active
duty, here, August IL.
Thompson, Mai. william L., Medical
Corps, from Letterman General Hos
pital, Presidio of San Francisco, Calf,
to the Panama Canal Department.
Balsam, Mai. Alfred s., Infantry.
from Fort George G.. Meade, Md, to
Baltimore, Md. on or about August IT..
Whitaker, Capt John c., Quarter
master Corps. Detroit, Mich, proceed
to home and await retirement.
Richmond. Capt. Neal w., Infantry,
from San Juan. Puerto Rico, to Yer
mont National Guard, Montpelier, vt.
Hallock. Capt David Horace, Med
ical Corps Reserve, ordered to active
duty, Raritan Arsenal, Metuchen, N. j.,
September l.
Greene, Capt. Carl r., Air Corps,
from Governors Island. N. Y, to
Wright Field. Dayton, Ohio.
Hollett. Capt. Rhey T., Cavalry,
from Edgewood Arsenal. Md, to New
Mexico National Guard, Santa Fe, N.
Mex.
Williams, Capt. John c., Air Corps,
from Randolph Field. Tex, to Wright
Field, Dayton, Ohio.
Smith, Capt. Harvey H, Infantry, to
pursue course OF application, French
Tank School.
Honan, Capt. John j., Finance De-
partment, from Fitzsimmons General
Hospital, Denver. Colo. to the Judge
Advocate Generals Department, here,
October /.
Cole. First Lieut.. James ", In
fantry. from Fort Sam Houston,
Tex, to New York University, New
York, N. Y, on or about September
Is.
Cole. First Lieut.. Joseph Fred,
Coast Artillery Corps Reserve, pro-
Corps Reserve. August g.
Fishback. First Lieut.. Fred c.. Air
Corps, Hawaiian Department. pro-
ceed to home and await retirement.
Wilcox, First Lieut.. Herbert B.,
Infantry, from University of Nevada,
Reno, New, to Fort Huachuca, Ariz
Veal. Second Lieut.. Jesse H,
QuartermaSter Corps, from Hamilton
Field, San Rafael, Calf, to Massa-
chusetts Institute Of Technology,
Cambridge. Mass.
Silver, Second Lieut. Samuel f.,
Infantry, to Fort Benning, Ga, upon
completion Of present tour of foreign
service.
Crumley. Second Lieut. Newton
Hunt, Air Corps Reserve, from
Selfridge Field. Mich. TO home,
August IL.
Rose. Second Lieut.. Llewellyn
Francis, Infantry Reserve, promoted
TO first lieutenant. Infantry Reserve,
August 8.
sciple. Second Lieut.. Carl NJ.
transferred from Coast Artillery
Corps 70 Quartermaster Corps, July
1e
Leave Of absence granted the fol-
following officers. on or about the dates
specified:
Bohlenoer. Capt. John F., Medical
Corps, two months, September Ia
Sullivan. Capt. Leon r.. Infantry.
month and % days, August 8. to
expire not later than September 80
Nichols, Second Lieut.. Kenneth D.,
Corps Of Engineers. four months, Sep
ten6er /, with permission TO visit
foreign countries.
Xhe following ofacers are assigned
Evening star., 1934-08-10
New York Cotton
nv tie Aasociassd Press.


NEW YORK, August 1o--6ubstan-
tial advances In the previous seAsion
we're followed by reactions In cotton
today. The technical position had
evidently eased. and realizing or
liquidation was heavy during the early
trading. with selling encouraged by
reports Of showers IN some sections Of
Texas. After selling OF 70 i372 for
December contracts, or about "A
points net lower. the market recovered
part Of It's losses on covering or trade
buying The midafternoou market
vas steady. with December selling at
f3s2 and the general list showing net
losses Of 10 to Ie points.
FasnreA eloaee barelY nteadY. 1870 loweT.
Evening star., 1934-08-10
GOLD STATEMENT.

NEW YORK, August 10 R.--The
Federal Reserve Banks daily gold
statement yesterday showed imports
of $3,765, 1000 from England. $2.l44.-
400 from Colombia, sl,920,i00 from
India, $l.673,90 from Canada and
$40, 700 from Ecuador. There was a
loss of $2,215,100 through net in
crease of gold held under earmark for
foreign account. No exports were
reported.
Evening star., 1934-08-10
SERVICE ORDERS

to Fort Benning, Ga, upon compile
ton of their present tour of foreign
service.
Williams, First Lieut.. Lee r.
Reilly, Second Lieut.. George M.
NAVY ORDERS.
Bureau of Navigation.
Bastedo, Comdr. Paul H, detached
U. s. S. Indianapolis about September
10; to Naval Operations, Navy De-.
partment.
Smith, Comdr. Lybrand p, addi-
tional duty Navy Yard, Washington,
d. C.
Andrews, Lieut.. Walter E., detached
Navy Yard, Mare Island, Calf, in
August; to continue treatment, Naval
Hospital. Mare Island, Calf On dis
charge treatment, to home, relieved
all active duty.
Miller, Lieut.. John F. p. additional
duty as reserve inspector OF naval
materiel, Carteret, N. j.
Padgett. Lieut.. Lemuel p, jr., duty
as assistant gunnery officer, U. S. S.
Colorado.
Gaines, Lieut.. q. G.) Richard K,
detached Vo Squadron, 1B CU. S. S.
Arkansas) about September !; to VP
Squadron ST, Coco Solo
Medical Corps.
Polak. Lieut.. Comdr. Isaac B., de-
tached Navy Yard, Washington, D. c.,
in September; to ASiatic Station.
White, Lieut.. Comdr. Samuel H., de-
tached U. S. S. Nokomis; to Navy Re-
cruiting Station, Nashville, Tenn.
Supply Corps.
Adams, Lieut.. Comdr. RAYMOND ".
detached U. S. S. Texas in September;
10 9th Naval District, Great Lakes, III.
Gale, Lieut., Comdr. Edison H., de-
tached Naval Aircraft Factory, Navy
Yard. Philadelphia. Pa. about August
26; to U. S. S. Texas.
Hopkins, Lieut. Comdr. William T,
detached 9Th Naval District in No.
vember; to u. S. S. Arkansas.
Humphreys, Lieut.. Comdr. Harold
E., detached Naval Supply Depot, Nor
folk, Va, about September 10; to U.
S. S. Lexington.
Davis, Lieut.. George w. detached
U. S. S. Lexington about September
IS; to Naval Supply Depot, Norfolk.
Va
Urquhart, Lieut.. Alexander w,
granted sick leave two months; wait
orders Mare Island. Calf.
Construction Corps.
Wright, Capt, Henry T. additional
duty as Navy inspector of ordnance.
Newport News Shipbuilding & Dry
Dock Co, Newport News, Va.
Hale, Lieut.. Comdr. John l.. de-
tached Bureau Construction and Re-
pair, Navy Department, about Sep
tember /: TO Norfolk Navy Yard
Portsmouth, Va
Warrant Officers.
Thrasher, Radio Electrician Thomas
c., detached Navy Yard, Boston, Mass.
about September 2o to instructor, Ra-
dio Materiel School. Naval Research
Laboratory. Bellevue, D. C.
Ciesluk, Chief Pay Clerk RAYMOND.
detached q. s. S. Bridge about Sep
tember 8; to commissary store, Nor
folk. Va.
Ludlan, Chief Pay Clerk Irwin l..
detached Naval Home, Philadelphia.
Pa, about September 20, to ASiatic
Station.
Layton, Pay Clerk Earl W, detached
o. s. S. Guyana about September l6;
to Naval Operating Base, Norfolk. Va.
Colvin. Chief Carpenter John r.. de-
taehed U. S. S. Rigel on November l:
10 home, relieved all active duty.
Death.
Martin. Lieut.. Comdr. Carl Ken
narc. retired, died August 2, 1884, ut
Pittsburgh, Pa.
Evening star., 1934-08-10
HIGHER NET REVEALED
BY PHILADELPHIA CO.
BY the Associated Press.

BY The Associated Press.
NEW YORK. August i0.--Net IN
come Of the Philadelphia Co. for the
year ended June 80, totaled $500, ,788,
compared with $7.525,84i in the pre-
vious year. After dividends on pre-
ferred and common stocks and pro-
visions for stocks reacquired, earned
surplus at the end Of the period
amounted to $40,s34,41l, cmpared
with Sal, $40, TAT q year ago.
Evening star., 1934-08-10
U. 8. TREASURY POSITION.

BY the Associated Press.
The position Of the Treasury August 8
lures. SI54,l2O. .4s6. So; balance. S2.363.
e5e. 1878: customs receipts for the
month So 3o2.424. .O6.
Receipts for the fiscal year since July 1.
S329. 751.312 81; expenditures: $624 262,-
971.74 Oncluding S304. .537,2o4.6 of
emergency expendituresl: excess Of ex-
penditures. 1894 ,511,659,13: gold assets.
Evening star., 1934-08-10
MONEY MARKET.

NEW YORK. August 10 O7.-Call money
steady; / per cent all day.
Time loans steady; so days-6 months
s<a1 per cent
Prime commercial paper. a..
Bankers acceptances unchanged
ReuiScount rate. New York Reserve
Bank Ia per cent.
Evening star., 1934-08-10
LESS COTTON CONSUMED.
NEW YORK. August 10 OT.-Tf

New York Cotton Exchange service
estimates consumption of cotton by
domestic mills in July at S5S,ooo
bales, against the Census Bureau re-
port of 363 900 bales consumed In
June, and COL 900 in July, 1888.
Evening star., 1934-08-10
EXCHANGE PACT SIGNED.

LONDON, August 10 R.-An An
German exchange agreement was
signed today In Berlin. referring only
to future business.
Evening star., 1934-08-10
COttonseed on

LOttOnseed UfL
Bleachable cottonseed oil futures
closed steady: spot unquoted. August.
se0b; September, 673b, October,
6.76b; November. 67sb; December.
6-e7b: January. lob: February. 7.o4b:
sales. lit contracts. including four
switches. Bid.
Evening star., 1934-08-10
CHICAGO STOCK MARKET

CHICAGO August 10 Up Following is
the complete Official llSt OF transactions In
stocks on the Chicago Stock Exchange
today
Evening star., 1934-08-10
INVESTMENT TRUSTS

NEW YORK. August 10 OYl.--Eev York
Security Dealers Association
Evening star., 1934-08-10

New York Air Brake Co.-Net In
come, six months ended June 80, was
$50, ,696, equal to IL cents q common
share, VS.. deficit $22l, ,535.
Evening star., 1934-04-28
FIRST LADY TO VIEW
GARDEN ADDITION
Will See Stone From Mary Todd
Lincoln's Home, at Girl
Scout Home.

Mrs. Franklin D. Roosevelt will be
among the first to view one of the
newest acquisitions of the Rock and
Memory Garden at the National Girl
Scouts Little House" at 1850 New
York avenue when she visits there
around 4 pm. today-a rock from
the foundation of the Mary Todd Lin
coin Home in Lexington, KY.
Mary Todd Lincoln lived in the
house until her marriage to the
President, and, with her husband,
often visited there. The stone was
sent by Troop 6, Girl Scouts of
Lexington.
The garden also contains a copper
stone, from the Butte, Mont, Girl
Scouts; a paving stone from the old
part of New Orleans, which was once
used as ballast in early sailing ships,
sent by New Orleans Girl Scouts; a
buckeye tree from the Ohio Girl
Scouts and a Mary Wallace rose,
named after the sister of the Secre-
tary of Agriculture. Flowers and
shrubs from many parts of the coun-
try have been sent by Girl Scouts. to
be placed in this Memory Garden.
Evening star., 1934-04-28
BAND CONCERTS.

BY the United States Soldiers Home
Band this evening in Stanley Hall at
$50 O'Clock. John S. NJ Zimmerman.
bandmaSter. Anton Pointner, assist
ant. Concluding concert of the in
door series:
March. Navy Blue. ... Zimmerman
Overture, King Mydas". Eilenberg
Suite of dances, Spanish Dances
No. l. and 5"....... .MoszkoWsky
Excerpts from musical comedy.
The Desert Song" .... Romberg
Intermezzo Oriental, The Star of
lnola Bratton
Waltz suite, The Beautiful Blue
Danube reQueSD ........ Strauss
Finale, The Land of Moa". .Lithgow
The Star Spangled Banner"
BY the United States Marine Band
this evening at o'clock in the audi
torium, Marine Barracks; Capt. Tay-
lor Branson. leader; Arthur S. Wit
comb, second leader. Evening dream
hour program:
Overture, "Orpheus". .... ,Offenbach
"Adagietto," from Suite 'Arlesi-
enne .......:. ...........B Bizet
Bassoon solo, "Grandfathers
Clock Foot q
Musician William H. Koch.
HumoreSque, "A Stag Party" . Sousa
"Andante Cantabile," from SYM
phony No. S. .Tschaikowskv
Suite, Looking Upward" .. Sousa
BY the Light of the Polar Star"
Beneath the Southern Cross"
Mars and Venus"
Clair de Lune,' from Suite Ber-
gamasque" .Debussv
The Girl With the Flaxen Hair"
from the First Book of Pre-
luueS ..'.......... .DebuSSy
"A Glorious Day." Opus 4S-
Albert Roussel
Marines hymn
The Halls of Montezuma"
The Star Spangled Banner"
Evening star., 1934-04-28
ADMIR-. STANDBY
|NSPECTS FLEET
Chief of Naval Operations
Observes Maneuvers in
Caribbean Sea.
BY the Associated Press.

By the Associated Press.
COLON. Canal Zone, April %
Admiral William H. STANDBY, chief
Of naval operations, joined the fleet
in the Caribbean Sea yesterday to
ship Pennsylvania.
Accompanied by Mrs. Standley. the
admiral passed through the Canal
on the u. S. S. Virginia, inspected
the submarine base at Coco Solo and
returned by train this afternoon.
Admiral Standley expressed great
satisfaction over the request of Presi-
dent Roosevelt for appropriations to
build the Navy up to treaty limits.
Wants Adequate Defense.
"All we want is an adequate ma
tional defense" he said. in discussing
his desire to have naval strength in
creased.
1t was recalled that the operations
chief had opposed modernization Of
three battleships as unwise since there
is possibility of modification after
the 1885 Naval Conference
In view of this attitude. he was
asked If he favored building new
warships which might be scrapped by
international agreement.
I'm not in favor of scrapping any,
thing" he replied. II am in favor
of keeping everything We build"
To Remain in New York.
Admiral Standley said that the feet
would remain at New York after the
presidential review until Fall, "un-
less an emergency arises"
Sailors continued today to come
ashore on leave by the thousands,
spending considerable time drinking
beer in the cafes Of Cristobal and
Colon. The warm weather made the
beer cafes the most popular resorts
for the men not engaged in the vari-
GUS sports programs arranged for the
personnel.
Evening star., 1934-04-28
-FOUR ARE ACCUSED
IN GAMING CASE
Switchboard, Racing Chart
and Receivers Seized
by Police.

Arraigned before United States
Commissioner Needham c. Turnage
today on charges of conspiracy to
violate the gaming laws, four men.
arrested in raid in the 800 block
of I street late yesterday, pleaded
not guilty and were released on
$1,000 bond each, pending a hearing
on May 7.
At the same time police announced
they would obtain a warrant for the
alleged proprietor of the establish
ment.
The men arrested in the raid
were represented by Attorneys Wilton
j. Lambert and R. H Yeatman. They
are:
Anthony Lettina. A, of the 5400
block of Illinois avenue; Melvin j.
GroomS, %, of the 600 block of Far
ragut street; Martin j. Madden, 90.
of the TOO block of 1 street. and James
T. Clarke, 80, of Baltimore. The men.
all of whom said they were hired as
telegraph operators, were released on
81 600 bond each.
According to the raiders, the estab-
liShment, known as the District News
Co.. furnished direct reports from vari-
Gus race tracks TO bOokmaking places
in all parts of the city
Information was flashed from the
tracks by direct wire and then broad
cast over loud speakers set up in the
various establishments subscribing to
the service. it was said
The raiding squad, led by Little and
Sergt. George Deyoe. seized a switch
board, racing chart, telegraph re-
ceiver, a transmitting device and
other equipment all of which was
turned over to the United States mar
shalS office.
The raid was the first ever made
here on such an establishment. Lit
tie said his men had been working on
the case, with view to making the
raid, since last month.
Evening star., 1934-04-28
CANNON CLEARED,
FACES NEW TEST.
Bishop Leaves for Metho.
dist Meeting and Quiz
on Character.
Continued From First Pagc.)

verdict was announced on the other
count. he slumped into his chair and
turned to Miss Burroughs with a smile
of congratulation.
Leaves to Take Nap.
The churchman appeared complete
ly exhausted by the strain of the long
trial. To reporters he said: I'm going
home for a nap now. don't see how
the verdict could have been other
wise"
Miss Burroughs, a self-effacing fig
ure throughout the trial, was steadfast
in refusing to make any statement.
Under persistent questioning, however,
she finally said she was "gratified, of
course" by the verdict
Friends of the two defendants, who
had sat in patient attendance
throughout the long trial, ignored
warnings from deputy marshals that
there must be no demonstrations and
rushed UP to the Bishop and his sec
retary, showering caresses upon each
Of them.
A woman spectator. Ada Pairecy, of
w. va 2ouSAI AASh
way through the crowd surrounding
the Bishop exclaimed:
Bishop, I said I'd hug you if you
were acquitted"
Hug away" the Bishop said. smil-
ing.
She did.
I'VE still love you, We know you're
not criminal" she said. 1T is VIC
tory for Professionalism"
Wife Thanks Jurors
The Bishop remained seated at the
trial table for several minutes after
the verdict had been announced His
attractive wife, however, walked across
the room and thanked each juror in
dividually.
1t was reported the jurors took three
ballots before finally voted for acquit-
tai The first was 9 to for acquittal,
the second 10 to and the third IL
to /.
Much of the bitterness of the 1923
political campaign was reflected in the
trial.
The prosecution charged that the
Jameson contribution was made to the
Headquarters Committee of Anti
Smith Democrats, of which Bishop
Cannon was chairman and Miss Bur-
roughs treasurer. Miss Burroughs only
reported the contribution of SIT. 300 of
this money to the committee, and the
indictment alleged they conspired not
to report the remaining SAG 900, there
by violating the election laws.
Bishop Cannon met this with the
assertion that the $4,000 was spent
in Virginia through a separate Vir-
ginia committee and that no report of
it was required by law Miss Bur-
roughs testified that she never heard
Of this money until long after the
campaign.
Denied Conversion
The Government also undertook to
prove the churchman converted a con-
siderable portion of the Jameson
money to his own use. This was de-
MED Bishop Cannon said he merely
reimbursed himself for advances out
of his own pocket during the early
stages of the campaign.
The religious question. vital issue
during the campaign. was brought into
the trial indirectly when Justice Pey-
ton Gordon asked each juror if he or
she entertained any religious senti-
ments or views on the prohibition
question which might prevent them
from rendering an impartial verdict
based solely on the evidence.
The Governments case was pre-
Evening star., 1934-04-28
SHIP CLAIMS DENIED.
Agents Asked Damages for Delay
Caused by Fleet.

BALBOA, Canal Zone, April % up.
Claims of steamship agents for pay
ment of damages based on delays
while the United States Fleet was
passing through Panama Canal were
rejected yesterday by Gov. J. l.
Schley of the Canal Zone.
The Governor said a few agents had
made claims, but he assumes full re-
sponsibility' for the schedule Of tram
sit adopted during the passage Of the
feet. Some of the commercial ships
we're delayed two days or more. The
congestion now has been cleared.
Gov. Schley said the canal regula-
tions provide that in an emergency or
in the case of congestion he may in
his discretion arrange a schedule.
Normally ships are taken through in
the order of their application.
"All Of the vessels of the feet ar
rived at the canal and applied for
transit before any other ship was de-
layed," the Governor said.
He complimented the personnel Of
the canal for efficiency in restoring
normal conditions within 81 hours
after the historic movement of the
fleet
Evening star., 1934-04-28

hams charge, made to another Senate
committee, that Cannon reported only
$1,000 of that total. And from that
charge came, after another year had
rolled around, another charge before
a grand jury, which handed down an
indictment of 10 counts.
Eight of the counts charged four
specific failures to report separate
contributions Of Jameson; the re-
mainder charged Cannon and Miss
Burroughs with conspiracy in their
failure to make the campaign con-
tribution reports.
After more than two years Of legal
controversy, the Supreme Court held
the corrupt practices act constitu-
tional and declared the conspiracy
charges we're valid. For technical
reasons. the court threw out the eight
other counts.
Ignored Questions.
Burroughs had refused to testify
before separate Senate committees.
Before one committee, Cannon picked
up his hat and cane and walked out
of the committee room when mem
bers sought to question him. He said
they must subpoena him if they
wanted him to talk
1t was a resolution offered by
Senator Carter Glass of Virginia
which authorized the third and final
committee TO deal, indirectly or
directly. with Cannon's handling Of
campaign war-chest contributions.
Cannon disregarded the invitation
Of this committee to appear; Miss
Burroughs came to the stand. read
brief formal statement and told
the committee she would answer no
questions
This last committee, headed by
Gerald P. Nye, North Dakota Re-
publican, eventually turned over to
the United States district attorneys
Office all material in its possession
There was questioning of Cannon by
the district attorneys staff. The in
dictment followed.
Evening star., 1934-04-28
PACT ON SILVER
HELD NECESSARY
President Says Monetiza-
ton Program Depends on
World Agreement.
BY the Associated Press.

BY the Associated Press.
The White House emphasized today
that a program for monetiZation of
silver on a 1910 ratio with gold de-
pended upon international agreement.
President Roosevelt. in seeking for
the first time a fixed ratio of sill
yer to gold, feels the white metal can
be made a monetary basis only by
world agreement. He desires that
action.
This program, he has told congress
slonal leaders, is his objective and
for that reason he is attempting to
ward off mandatory legislation.
The President is of the opinion that
with silver such an unknown quao-
tity and SO much in the hands of
private interests rather than the Gov
eminent and banks, it must be Dealt
with by international agreement.
Basis Made at Conference.
The basis for an understanding was
laid down at the London Economic
Conference when it was proposed that
world powers put aside a 25 per cent
reserve of silver in relation to their
gold holdings.
A 30 per cent figure was fixed as
a maximum.
There is every indication that nego-
tlatlons are going forward in an eff
Tort to bring about an agreement on
this plan.
Meanwhile, Mr. Roosevelt is explain
Ing this proposition to congressional
SILVER advocates. Administration
leaders believe he has successfully
Warded off mandatory legislation.
Meanwhile, publication of the names
OF silver holders submitted to the SEN
ate by Secretary Morgenthau was as
sailed in the Senate by Chairman
smith of the Agriculture Committee.
Interrupts Speech.
1nterrupting speech by Senator
Fess, Republican of Ohio. on the air.
mail bill, Smith asked whether anv
moral turpitude" was involved in the
purchasing of silver.
What right have We to pillory these
people in the press? he asked,
1T is only a commodity, isn't it?'
FeSS agreed that he saw nothing
wrong with holding the metal unless
'ne no4oer were using official position
or influence to boost its price.
We who are legislating to raise
commodity prices" Smith continued
are Just as reprehensible as those
leglslatlng to raise the price of silver.
were all trying to raise commodity
prices. l protest against using the
names of these silver holders"
The Senate authorized publication
OF the names.
Chairman Steagall of the House
Banking Committee yesterday intro
duced bill designed as a compro-
mise measure in the struggle over the
Mcleod bank depositors' pay-of
measure.
1t would authorize the Federal De-
pcSlt insurance Corporation to make
loans on assets in banks, savings
banks and trust companies closed
from December 80, 1929, to January
l, 1884, the assets could be appraised
at values they would have under nor
NAL business conditions"
The conferees said there had been
no discussion of the Mcleod bill at
the White House, but that the post
ponement Of the permanent deposit
insurance fund had been mentioned.
The President. it was asserted,
would have no substantial objection
to a small increase in the size of
deposits to be insured but would want
Congress to make a thorough study
OF the situation before it took such
8 step.