davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-26

pored over by another commission.
Unless your memories are shorter
than I believe them to be, you know
the essential facts. The issue is plain.
1t Is an issue of fundamental belief.
It Is whether such powers as we
possess over monetary policy, which
affects the welfare of all of us, shall
be definitely placed In 'ody which
shall have not only the necessary
means Of control, but the fixed re-
sponsibility for its exercise, or whether
these powers should be left, as at
present, where they can neither be
effectively used nor the responsibility
for their exercise definitely fixed. 1t
calls for a decision by the people of
the United States through their rep
resentatiyes In Congress. In the brief
time at my disposal I have not been
able to touch upon many other i'm
portant features Of the bill which
would In my judgment contribute
toward recovery, as well as toward a
better co-ordinated and more efflcient
administration of the Federal Reserve
System.
Three Plans Summarized.
I have outlined to you three plans
which have been suggested for the
body which Is TO exercise monetary
powers The first is the plan which
I have recommended. Under this
plan the authority and responsibility
would be placed definitely in the Fed
eral Reserve Board, which, however,
would act only after consultation with
five governors Of the Federal Reserve
banks The second plan is that of
the American Bankers association,
under which the Federal Reserve
Board would be reduced from eight TO
five members, who, together with four
governors of the regional banks. would
have the authority and responsibility.
Under the third. plan which has been
suggested. the Federal Reserve Board,
as at present constituted. would act
in conjunction with five governors Of
the banks in the exercise Of monetary
policy. This third plan appears 10
represent q middle ground. Let me
repeat-I do not wish TO be dognlatic
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-26

ISOLATION that the Federal Reserve act
was denounced in language SO nearly
identical with that being used today
by much the same organized OPPOSE
ton, that unless you knew the dates
you could not distinguish between
what they said more than 40 years
ago and what they are saying today.
Glass Book Quoted.
Then, as now; the same interests
were crying imitation and political
control. Then, as now. they de-
manded full control. Indeed, they
undertook to persuade President VIII
son that they should have banker
representation on the Federal Re-
serve Board. Senator Glass Of Vir-
GINA, in his authoritative and illum-
mating book on the Reserve System
entitled IAN Adventure In Construc-
tive Finance" tells of how these bank
ers made their arguments to Mr.. Will
son, and according to Senator Glass,
when they had finished, President
Wilson said quietly:
will one of you gentlemen tell
me in what civilized country Of the
earth there are important government
boards of control on which private
interests are represented?"
There was" wrote Senator Glass,
painful silence for the longest single
moment I ever spent; and before 1t
was broken, Mr.. Wilson further in
quired.
Which Of you gentlemen thinks
the railroads should select members
of the Interstate Commerce Commits
sion?'"
And Senator Glass adds in his
book:
There could be no convincing re-
ply to either question :"
Let me quote another pertinent
paragraph from this illuminating
book:
while the Federal Reserve bill was
pending" wrote Senator Glass, 1T
was mercilessly condemned In de-
tail by certain interests. Where there
was any praise in these quarters, ii
was faint enough to damn. This hos
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-26

as to the composition of the control.
ling authority. Any one of these
three proposals would be a vast i'm
provement over the present situation,
because 1t will place responsibility In
one body to which would be given
the three instruments of control which
have described to you, to be used
In achieving a definite and stated
objective, so far as that is possible
within the scope of monetary action.
1t Is my sincere conviction that this
bill is in the interest of the banking
system as a whole, because it will
enable it better to serve the public
interest.
1 thank you.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-26
ECCLES DEFENDS
MONEY CONTROL
Bank Bill Approved in Radio
Address of Reserve
Board Head.
(Continued From First Page.)

IContinued From First Page)
banking system so an endless series
Of Government deficits could be
financed.
Text of Address.
The text Of Gov. Eccles' address
follows:
I am grateful to The Washington
Star for the invitation to speak in
this forum.
I should like to talk to you as
plainly as I can about the banking
bill which is pending before Con-
gress. I shall assume that you believe
that in order to have our money sys-
TEN controlled for the benefit Of the
Nation as a whole, and not for the
benefit Of special interests. this con-
troll must be In the hands of a re-
sponsible body. If, after all that this
Nation has gone through during the
past five years, you still believe that
we can leave our monetary system to
chance or to fate. then 1t would be
futile for me to try to persuade you
that our present system can and
should be improved.
With the banking cataclysm so
fresh in our memories. we would be
justified in saying that the Govern
ment had failed in its duty If 1t
neglected to correct at least some of
those apparent defects in our banking
system which contributed to bringing
untold distress to millions of our peo-
pie and threatened to plunge our en-
i,1to tho VIC q q
told that there is no emergency at
this time which demands prompt
action to correct these defects, but
surely we should not wait for another
crisis before taking the steps neces-
sary to remedy obvious defects which
painful experience has exposed. We
should profit by the lessons we have
learned from the emergency.
The real problem is the control over
the volume and cost of money. The
defects which I have mentioned are
not due to the absence Of powers of
control, but to the fact that at pres
ent responsibility for the exercise of
these powers is so diffused and di-
vided as to hamper seriously, if not
to Illustrate, their effective use.
Proposes Definite Objective.
We need also to state the objective
toward which these powers should be
directed. At present there is no OBJ
iective for monetary policy stated in
the law. The banking bill. as passed
by the House of Representatives. pro-
poses a definite objective, which is. in
q word. that monetary policy shall be
directed toward the maintenance OF
stable conditions of production, en-
ployment and prices, so far as this
can be accomplished within the scope
OF monetary action.
I do not wish to be understood as
believing that by monetary action
alone we can eliminate all booms and
depressions and achieve permanent
and unvarying stability. I do believe
firmly, however, that by monetary
means exercised promptly and cour-
sgeously we can greatly mitigate the
worst evils of imitation and deflation.
What are these powers of control
to which I refer? There are three
principal means of control which now
exist. The first is the power to raise
and lower the discount rate, that Is,
to determine the cost at which banks
can borrow from the Federal Re-
serve banks and consequently to in
fiuence the cost at which the public
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-26
200 SWIMMERS BRAVE
BREEZE AT GLEN ECHO
Opening of Crystal Pool Inaugu-
rates Outdoor Bathing Season
in Capital Area.

The Crystal Pool at Glen Echo Park
was opened yesterday where. despite
brisk breezes and chilly waters, more
than 200 swimmers were on hand to
inaugurate the outdoor swimming sea-
son at the amusement center.
The first boys to don their suits and
test the temperature of the water
were Walter Crist, IL, of 2420 Chain
Bridge road Walter Payne, II. Of
1875 Eleventh street. and Thomas
Jones. 9. of 1911 Eleventh street Mrs
Anna Becker, 5235 Sherrier place, was
the first woman swimmer.
The pool, built in 1881. will be the
scene of several swim meets of
national importance this Summer,
Practically the same personnel as last
year is found there this season. with
Boyd A. Hickman. former George
Washington University athlete, as pool
supervisor. and Carl A. Hechmer as
chemist and engineer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-26
THE WEATHER

District OF Columbia-Fair and
slightly warmer today; tomorrow fair,
light variable winds.
Maryland, Virginia and West Vir-
ginia-Fair and slightly warmer today:
tomorrow fair.
La gaceta., 1935-11-22
ESTAN ARMANDOSE LOS
MAESTROS MEJICANOS

Ciudad de MEXICO, Nov. 22.-
Los maestros rurales han pedi-
do permiso al ministro de la que
ira para armarse Y defender
sus vidas contra los "cristeros"
asesinos. Mas de IL maestros
hansido asesinados EN- ell 1ltimo
han sido asesinados en- el 1ltimo
los estados de Puebla, Jalisco y
Morelos. Las trOpas capturaron
en- Puebla, fusilandolo, al jefe
de una banda que cometi6 seis
de esos crimenes. Aseguran las
autoridades que los criminales
son inspirados por fanaticos re-
iigiOs0s,
La gaceta., 1935-11-22
LA WPA RECLUTA
JADORES EN- TAMPA

A la delegation local de la
WPA, que va ha mandado $50
obreros a las obras del canal,
en- Orlando, Sc lie pidi6 aver
que reclute 1850 mas para fl
mes de la semana pr6xima. Es
to elevara a 1900 ell total bus
cado en- ell distrito de Tampa.
Tn grupo de 200, de blan-
cos y negros, saldra hoy. Ell
microbes parti6 un grupo de
1870.
Dicese que a los obreros Sc
paga $1,000 por una jornada
de SO horas, de los cuales sc
lie quitan $3.50 para alojamien
to y manutenci6n.
La gaceta., 1935-11-22
EN- Ell CONDADO SOLO
HAN SACADO LICENCIA
PARA Al MAQUINAS DE
c.

Hasta la manana de hoy so.
10 habian sacado licencia en- e.
condado Al maquins de jugar
aunque ell numero puesto en- di-
ferentes establecimientos de
esta ciudad es mucho mayor.
Esas maquinas han pagado al
estado 1880 y al condado 1915.
Los autores de la ley habian
calculado que esos aparatoS
producirian ingresos de $1,000,
900.
Hasta ell presente solo har
cbtenido licencia los Sres. Add
son Logan, H. E. Sanders y Co.
Peninsular Amusement Co., AL
corn Novelty Co., Star Vending
Co., y otros. Ell dueno de una
ma4uina debe pagan $3.50 al es-
taG9 y SIS al condado, y luego
$50 al estado y SIS al condado
per cada aparato.
La gaceta., 1935-11-22
OTRA MUERTE POR Ell b.
ENVENENA
Do

San Francisco, Nov. o.
Armenia la inquietud por ell
m~isterioso case de las 900 IL
bras de bicarbonato envenena
do, mientras los detectives in
wesleyan siguiendo varias pis-
tas. George Purnaras, de as a.
nos, murio aver de convulsio-
mes en- I'm cafe donde estaba
e%mpleado. La policia dice que
cerca de Ell Sc encontr6 un pa
quote de bicarbonato. Los me-
dicos opinan que ell hombre mu
rio por la ingesti6n del bicar-
bonato. Otras tres defunciones
sc lie han atribuido a esa dro-
ga, que en- un descuido Sc mez
clio con arsenico.
La gaceta., 1935-11-22
MURIO Ell OH3ERO ANTO-
MO

Dejo de existir anoche, en- el
sanatorio del Centric Asturiano,
ell Sr. Antonio Fernandez, de Al
amos, un tabaquero, victima de
las heridas que lie ocasionara en-
ell pechO Antonio Menendez, un
amigo sUyo.
Fernandez, que residia en- ell
1911 de la Decima avenida, de-
ia a su viuda; una hija, Raquel
Fernandez; un hijo, Antonio
Fernandez, Jr.; un hermano, JIG
Sc Fernandez, y cinco hernia
mas, Sras. R. Campo, N. Coma
lez, Johnny Royal, G.. Reyes y
A. De Diego.
Menendez admite haber heri-
do a Fernandez, pero que 10 hi
20 en- defensa prOpia, porque ell
hombre lie habia pegado cuando
los dos jugaban al domino en- la
,Deeima avenida y Gale 20.
Ell fiscal presentara una acu-
sacion de a~sesinato.
La gaceta., 1935-11-22
CONTRA LA
DEL JUEZ
COLEMAN

Baltimore, Nov. 22.-Una j.
pelacion en- la cual Sc mencio-
nan IL erroreS cometidos por 81
juez federal Coleman al decla-
rar invalida la ley Sobre las com
panias Intermediates de las uti
lidades p1blicas, Sc present6 a
yer en- la Corte del Circuito Fe-
deral de Apelaciones. Los argu-
mentoS de las dos parties Sc OIL
ran en- ell mes de enero, cuando
ell Tribunal Sc reunira, presi :
diendo ell juz John P. Parker, en-
Charlotte, Carolina del Norte.
La gaceta., 1935-11-22
CIUNGAS Y NO CHUNGAS
Marcelino.D Domingo y los Trigos. = Una opinion
de McMullen. = Ell Fascismo amenaza

gun A | de la propia ley de
Autorizaci5nes aprobada por
las derechas, son 60O,0 900 tonela-
das y en- 1882 solo Sc importa-
ron 28O, 1000, no puede ser la i'm
portacion, por l62ica, causante
de la situaci6n actual.
Ahora e>Poder pdbsico ofrece
un espectaculO de inepcia, de te
jer y destejer, de legislar y no
cumplir 10 legiSado, de empezar
y no continuar NADIA de 10 en-
pezado, 1nico en- la ASTORIA.
La contrarrevolucion es STEM
pre- incompetence y calumnia.
Lo tragico eara la revolution es
que Sc sienta influida por la cam
pana difamatoria y contribuya
con clio al eXito de la contra
.revolucion y que no admita la
Incompetence de la contrarre-
volucion hasta que, victofiosa y
dominadora, ha producido en- ell
pals ell estrago que en- este mo-
mento y en- este pals tiensn un
ejemplo y un escamiento que
entran por todos los sentidos
la cataStrofe triguera.
La gaceta., 1935-11-22
DEFIENDE HULL Ell IRA
TADO CON Ell CANADA

Washington, Nov. 22.-La re
ciprocidad en- ell concrete inter-
nacional es la alternative para
regular la production, declare
aver ell secretario de estado
Hull, defendiendo ell nuevo ira
tado con ell Canada. Debemos
contribuir a la restauraci6n de
los mercados extranjeros o a.
bandonar la idea de aumentar
las exportaciones. La reaction
en- TODD ell pals, segun ell secre-
tario, ha sido favorable al ira
tado.
La gaceta., 1935-11-22
McMullen opina que deben tomar possession los
ciudadanos electos para la Junta Electoral =,

lien dice que el Drefiere hacer
una recommendation directa, de
que deben tontar possession, a an
dar por la tSgente y que los
miembros act ales renuncien y
en- su lugar Rnombren los cleo
toS.
Compondran la nueva junta
electoral los Sres. Robert E.
Carter, w. J. Bivens, w. l..
Blocks, John G. Anderson y Ed
win X. Nelson, jr.
Colaboraron con McMullen
en- redactar esa opinion los le-
trados L. H. Hill, X. l. Mckay,
Morris E. White, w. J. Bivens
Y Herbert S. Phillios.
La gaceta., 1935-11-22
Sc PIDE LA RENUNCIA
DEL GRAIL. GONZALEZ

Ciudad de MEXICO, Nov. o.
Ell peri6dico LA Prensa" de-
manda hoy en- un editorial la
renuncia del general Vicente
Gonzalez, jefe de la policia fe-
deral, porque falt6 a su deber
permitiendo un combate entire
izquierdistas y los "fascistas"
de camisa dorado. A consecuen-
cia de la Iucha entire esos ele-
mentos, murieron 2 personals y
AZ sufrieron heridas.
La gaceta., 1935-11-22
PONCHE EN- LA EMBAJA-
DA ARGENTINA

Madrid, Nov. 22.-El emba-
jador de la Republica Argent
ma ofrecio aver un ponche en- no
nor de don Julio CANA, ell illus
tire portuguese, y de una conoci-
da artista. Asistieron varios mi
nistros, entire ellos ell de estado,
y diplomaticos acreditados en-
Esipana.
La gaceta., 1935-11-22
CON TR A
Ell CONDESTABLE NEW
BERGER

Alegando que el condestable
Newberger lie insult6 y mortifi-
CD, registrando violentamente
su casa, en- s~eptiembre 8, M. NJ.
Barksdale present6 aver una re
clamaci6n de danos y perjui-
clos, en- la Corte del Condado,
por $3.50.
Mantiene Ell ciudadano que Ell
registro sc hizo sin mandamien
to judicial e ACKNOWLEDGEMENT.
Representa- al demandante e1
letrado Reginald l.. Williams.
La gaceta., 1935-11-22

Ea abogado consulfor del a
yrnAmiento, Sr, Alonzo Nc
Mullen, emiti6 aver una OPT
ni2, remitiendola a la junta
municipal electoral, en- Ola que
sostiene le nuevos miembros
de la junta electoral han sido
electos bajo una ley valida y
que proceds darles possession a la
mayor brevedad.
La opinion sera presentada
en- la tarde de hoy, en- una reu-
Mon extraordinaria del ayunta-
miento, y probablemente seran
jurados en- seguida los nuevos
miembros de la junta. MENU
La gaceta., 1935-11-22
CERRA ABSUELTO

Por orden directa del juez
Alderman, que presidia ell jul
clio, un jurado absolvi6 aver al
joven Salvador Cerra de la a.
cusaci6n de perjurio, que Sc lie
hacia.
La vista dur6 varias horas,
declarando Cerra y su senior
padre.
Ell fiscal lie acusaba de CO
meter periurio para violar las
ieyes de immigration.
La gaceta., 1935-11-22
Pide Ell Estado de New Jersey que
Sc rechace la peticion de Bruno

Washington, Nov. 22.-El es-
tado de New Jersey pidio aver
al tribunal supreme de la ma
ci6n permita que la ley siga su
curse en- ell case de Bruno Rich
ard Hauptmann, secuestrador y
asesino del hijo del coronel
Lindbergh. Jose Lanigan, asis-
tente abogado general de csc
.estado, present6 aver gn sscri-
La gaceta., 1935-11-22

Mr.. McMullen opina que in :
mediatamente debe darse pose,
sion a los nuevos miembrCs de
la junta electoral municipal, sin
cortapisas de ninguna clase.
Asi 10 hemos dicho nosotros
y nos place que ell Sr. McMullen
piense igual.
La vieja junta lha cumplido
Su mission y debe retirarse, a.
briendo ell canine a la nueva.
TEL Gambia es la promesa de
elecciones imparciales, absolu-
tamente imparciales, dentro dc
dos amos!
La gaceta., 1935-11-22

Italia, Sc dijo hoy en- Roma,
tomara rd2resalias contra los
Estados Unidos 81 Sc prohibe la
exportaci6n de petroleo al fas-
cismo arrOgante Y despiadado.
Sera question de asustarnos y
de temblar por las r~epresalias
nue Ell Duce pueda implantar en-
contra del bondadoso, energico
Y valiente TIC Samuel.
La exportaci6n de petr6leo debe
prohibirse, aunque Mussolini
abra la boca con la esperanto
de tragarnos a todos de una
veZ.
La gaceta., 1935-11-22
BAlLE PARA Ell N
MENTO A WILL ROGERS

I'm bale Sc efectuara en- ell
Coliseo de la Isla Davis para
recaudar fondos con destino al
monumento .nacional a Will Ro-
gers. Tocara la orquesta de An
tonic Lopez y la entrada costa
ra IS centavos la pareja.
Tn programa de variedades
Sc esta preparando por I'm CRU
pc de conocidos artistas.
La gaceta., 1935-11-22

lEl gobierno japones ha desau
forbade al general Doihara, au
tor de la combination para for
mar un estado aut6nomo con
cinco provincias chinas. Parece
ser que Doihara Sc ha extrali-
mitado-se dijo aver en- Toxic.
Cuando Sc extralimitaron en-
la Manchuria, logrando su OBJ
jetivo, los autorizaron. Ahora
que ell general ha fracasado por
la actitud del gobierno de Nan
king y los generates chinos, lie
desautorizan...
La gaceta., 1935-11-22

to de SO paginas manteniendo
que ell carpintero del Bronx ha
sido juzgado imparcialmente y
que en- tdos momentos sus dere-
chos constituencies fueron res
petados.
Esperase que 81 mas alto tri-
bunal anuncie, no mas tarde del
8 de diciembre, sa decision en- Ell
case,
La gaceta., 1935-11-22
CUBA. AL Ola
lie encontraron a una artista seis billetes de los
del secuestro de Falla Bonet. = Para responder
al arrendamiento del Teatro Marti Sc deposita-
ron $1S,OOO.s- Cesar Vilar comparecera hoy
ante ell Tribunal de Urgencia No. 2

Francisco ueI IlHO, uOS empled-
dos de companies particulares.
Quedaron a disposition del juz-
gado de urgencia.
-Cerca de la finca Limones,
en- la carretera de Vento, fue en-
contrado aver ell cadaver de un
senior llamado Valcarcel, a
quien dieron muerte en- otro lu-
gar, con Varios diSparoS de re-
v6lver, llevandolo despues al ST.
ti6 donde la policia encontro ell
cuerpo. Ell policia Narciso Lam
tigua descubri6 ell cadaver, que
Sc hallaba boca abajo, avisando
a los medicos. Presenta ell cuer-
po A o 5 heridas morales por
necesidad. Sc lie ocuparon en-
las ropaS que veStia una fosfo-
rera, un alfiler de corbata, 5 re-
cetas, un recibo de la Orden Ca
ballero de la Luz, una fotogra-
fla con tres ninos y As centa-
tvos. Ell cadaver no muestra Sc
males de lucha. Una perforaci6n
de bala presenta ell sombrero de
pajilla del occiso. Varios dispa-
ros fueron oidos anoche, a las
diez, por un vecino que decla-
r6 ante la policia. Valcarcel ha-
bia sido serene en- un almacen
de Luyan6 y recientemente la
policia lie detuvo, siendo mas
tarde puesto en- libertad.
-Falleci6 aver en- la Quinta
Covadonga, del Centre Asturia-
no, ell panadero Segundo Sua-
req Garcia, q quien ell dfa ante
rior habia atrdpellado, en- Mon
te y Estevez, un autom6vil de
la policia.
-Desde el balloon del hospe-
daje La Guiana Sc lanz6 aver al
patio, con ell prop6sito de suici-
darse, ell ciudadano espanol A
mador Ledo. Dijo a la policia
que Sc hallaba enfermo y sin a.
fecto familiar, por 10 que inten-
10 matarse.
Continue aver ell juicio de
la causa pOr ell secuestro de don
Antonio San Miguel. La prueba
t~estifical favoreci6 al procesa-
do Leiva, que iprobo Sc hallaba
en- Camaguey, no en- la Habana,
Ell dia del secuestro. I'm infor-
me detallado de la policia tam
bien lie favorece.
lie fud entregada aver al
coronel A. Gonzalez,
jefe de La marina, una espada
que lie regalaron los Veteranos
Americanos de la guerra Ex-
tr%anjera por haberse mandado
crucero Patria a los actos que
Sc e~fectuaron en- Filadelfia. Hi
20 entrega de la espada ell CAPT.
Tan Casas, que mand6 ell buque
en- csc viaje.
LComparecera hoy ante ell
de Urgencia No. 2, ell
.ider obrero Cesar Vilar, que
tiene 5 causas pendientes. Los
testigos han sido citados. Acu-
san la policia y ell servici0 Sc
,reto del ejercito.
-Sostuvieron un duelo a Gu
EN- Santiago de Cuba, Va
entin Leon Prieto y Sebastian
Bretones. Ell primero ingres6
IN un hospital, en- muy grave
y Ell segundo Sc halla en-
a carcel, sujeto a la causa que
3e instruira.
Con rumbo a Gran Cal
nan, donde sera inaugurada
ina estaci6n meteorological cos
.eada por ell gobierno cubano,
iali6 ell cah0nero Barre. La ban
la de m1sica de la marina to-
ara alli en- un bale. Los ingle-
'es ofreceran un banquete a la
lelegaci6n cubana, que va pre-
por ell DIR. Castro, sube>
:retario de agricultural. Castro
'ronunciara I'm discurSo en- in
yiSs,
La gaceta., 1935-11-22

do en- fuga a su ejercito. Los
abisinios Sc llevaron con ellos
a sus muertos.
Ign6rase ell ndmero de bajas
sufridas por ell enemigo. Sey-
cum, gobernador de la provin-
cia de Tigre, es uno de los HON
bres de confianza del Negus.
La gaceta., 1935-11-22
Dicese que ell Ejercito %italiano
denoto a Ras Seyoum

Roma, Nov. 22.-Afirmase
Iueel ejercito etiope del Norte
de Abisinia, mandado por Ras
Seyoum, fue derrotado ell jue-
ves.D Dos Columns italianas
quele buscaban entablaron
combate con csc jefe, ponien-