Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1936-04-30

delayed on account Of internal incid-
ents. Numerous suggestions have beer
made by the various republics.
1t is too early to state definitely
what subjects will be taken up but i
is interesting to point out that Chile
and Guatemala have suggested elabor-
ate proposals, the former included &C.
onomic and disarmament discussions
and the latter urging an inter-Ameri-
can Court Of Justice and a pledge oil
mutual aid in case of attack by a non
American power. Chile proposes
Strengthening of arbitration and con-
ciliation instruments and the improve
ment of the economic basis for peace
by encouraging reciprocal trade ano
the removal of barriers to the flow OF
commerce. Even if the conference does
nothing except obtain general applica-
ton of existing instruments of peace,
it would perform a great service in the
opinion of many diplomats.
President Roosevelt pledges himself
to continue the Administrations social
experiment, and suggests limitation of
active working years by shorting it lat
both ends" as well as lessening the
number Of hours of work each week.
The Baltimore speech of the President
makes clear his intention to ask re-
election as an endorsement of the type
of experiments that have marked his
three years in office. MI. Roosevelt
ironically rejected as panacea planks
the subjects of immediate sterilization
of currency, restoration of the gold
standard, acceptance by the United
States as a creditor nation, and bal
ancing of the budget, declaring that
1928 was no millennium"
The President refused to accept the
theory of a vast permanent army Of
unemployed and insisted that a greater
purchasing power, far more widely
distributed, will mean the consump-
ton of more goods and more employ
ment. He would attempt to keep boys
and girls in school until at least IS
years old and create a condition OF
security that would permit the great
majority of people over 65 to retire
from employment. These factors would
give many jobs and cause practices OF
employment to affect the problem OF
unemployment. He thought the Gov
eminent must give End will consider
such subjects as the length of the
working week, the stability of en-
ployment on an annual basis, and the
payment Of at least adequate minim-
um wages.
The recent 6-3 decision of the Su-
preme Court in restricting the powers
Of the Securities and Exchange Com
mission, reveals again the division OF
the Court and gives evidence that the
feeling is somewhat intense. The Court
did not pass on the validity of the Sc
curities and Exchange Act, which is
aimed against secrecy or misstate-
ments in promoting the sale Of secur-
tiles, but did definitely rule hat one
who applies for registration of a Sc
curity issue could, by withdrawing the
request for registration, stop the S. E.
c. from hearings on the proposed is
sue,
j. Edward Jones of New York and
OHidilOind SOuBlit W iSSuS pluu,VOu
worth of certificates, and filed a state
ment with 1.-The S. E. c. Before it went
into effect, the Commission subpoen-
aed him to appear with certain ledgers
and accounts, alleging that his regis
tration statement contained untruths
and omissions. Instead of appearing he
decided not to~tssue the certificates
and withdrew his application. The
| Commission ruled that he could not
withdraw registration without its con-
sent, but the Court, in an opinion by
| Justice Sutherland, termed its action
Unreasonable and arbitrary, resemb-
ling Star Chamber proceedings" and
IAN example of bureaucratic tyranny
alien to the spirit of personal liberty
in which our Constitution is written"