Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-30
Last Minutes Before Appeal
Devoted to Beating Down
Opposition.
FINANCE COMMITTEE
BEATS BILL rs TO IS
International Sterilization Talks
Are Believed Imminent
by French.
By the Associated Press.

By the Associated Press.
PARIS, May 30.-Premier Pierre
Etienne Flandin staked the life of his
cabinet today on the hope his personal
appeal would wiring from recalci-
trant Chamber of Deputies the sweep
ing powers he has demanded to COM
bat devaluation.
Before taking the floor TO argue for
his program the premier devoted him
self To last minute efforts to beat
down opposition.
He warned those who would with
hold the dictatorial authority he seeks
that no time is to be lost in aiding
business recovery and balancing the
budget II the franc is 10 be defended
Chamber Hostility Obstacle.
The hostility of the Chamber Of
Deputies Finance Committee present
ed a formidable obstacle for Flandin
The committee voted. IS to Is. yester-
day against the government bill,
which would enable the premier IN
wage his battle for the franc through
measures promulgated by decree.
There were indications that political
opposition may have been partly re-
sponsihle for the committees action,
since the members voted unanimously
for defense of the franc and demand
ed prosecution Of spectators in the
nations currency.
Members said the committee re-
Trained from taking an outright vote
on the devaluation issue only because
it desired to avoid hindering lnterna
tional sterilization negotiations, which
the French believed to be imminent.
Swift Action Held Needed.
Flandin had a powerful ally in for
mer Premier Edouard Herriot. leader
of the dominant Radical Socialist ele-
uent in the Chamber. Although 9
majority of his followers are hostile IL
the F1andin program, Herriot was in
sisting that the heavy drain on the
gold reserve of the Bank of France
made swift action imperative.
He contended il would be impossible
to wait for Parliament TO enact suit
able economic and financial measures
to stave off the threat to the franc.
Herriot urged granting the full pow
ers Flandin asks TO avoid "catas-
trophic effects"
II the Flandin government should
fall. he said. he would not want Il
take power" Some politicians inter-
preted this declaration as warning
to Herriot's followers that he woulo
refuse to participate in any subsequent
cabinet in the event the Flandin gov
eminent is defeated on the pending
issue.
Troubles Discussed Here.
BY the Associated Press.
Financial troubles in France were
the subject of White House confer
ence Yesterday that limited of planning
by this Government for any actor
demanded by developments abroad.
President Roosevelt talked with
George L. Harrison. governor of the
New York Federal Reserve Bank
which is the Treasury's fiscal agent ir
international transactions. Mr.. Roose'
welt would only say it was about the
French situation.
Harrison then visited the Treasury
and conferred with Undersecretary
Coolidge. Later he went to Reserve
Board headquarters.
In official quarters there was in
tense interest in the huge outward
flow of gold from France and Premier
Pierre Etienne Flandin's fight fol
dictatorial powers to defend the franc
The Bank of Frances gold losses
were averaging SOS 100000 a day anc
had mounted to almost $4,000 ,00(
since late March. The huge steam
snip Normandie, on her maiden voyage
Yesterday carried s29, 100000 in eolo
toward this country.
BERLIN, May 80 (P).-Rumors thai
deyaluation OF the mark was being con-
sidered circulated in Berlin last might
but government officials denied any
such step was contemplated.
Financial quarters said they were in
clined to accept the official contention
that Germany could not solve hei
difficulties by further pairing the value
of her currency.
OTTAWA. May 30 lF1.-Power to
revalue the Dominion's gold reserve:
will be sought in permissive bill
which he intends to present to Parlia-
ment before propagation. Prime Min
lister r. B. Bennett told the House
of Commons yesterday.
The measure will come into force
only On proclamation. Mr., Bennett
declared. if it is thought desirable to
revalue gold. which he had no present
intention of doing.