Indianapolis Times, Volume 47, Number 258, Indianapolis, Marion County, 6 January 1936 — Page 1

E SCRIPPS^fOWARn]

AAA OUTLAWED BY SUPREME COURT

BILLION RELIEF DEFICIT AHEAD, SAYS PRESIDENT

But Balanced Regular Budget Is Proposed in Message. DEBT TO BE 31 BILLION p 'osevelt Asks Billion for National Defense Because of Crisis.

Complete Text. Page 9

BY LYLE C. WILSON WASHINGTON, Jan. 6. President Roosevelt today submitted to Congress a balanced budget for regular Federal expenditures in the 1037 fiscal year, but forecast a work-relief deficit of $1,000,000,000 to $3,000,000,000 for that period. Mr. Roosevelt withheld from Congress estimates of the size of the work - relief appropriation to be sought this spring. He said, only, that the appropriation would be "far less" than the $4,880,000,000 which Congress grudgingly voted last year. The message forecast the second largest annual revenue in American history for the next fiscal year that income would give him a $5,000,000 surplus of receipts over regular expenditures in the 1937 fiscal year—still excluding the prospective rdief appropriation which •" ill be determined and revealed in March or later. National Debt Doubled This budget showed that, seven depression years will more than double the national debt—from $15,000.000.000 in 1930 to $31,000,000,000 in 1937. Mr. Roosevelt promised only that the 1937 deficit would he smaller than the $3,234,00,000 estimated for 1936. He asked for $1,000,000,000 for national defense. This draft on the Treasury for men and guns gave< grave emphasis to his Jan. 3 warning that the threat of war is upon (he w'orld. Without mentioning the bonus, Mjr. Roosevelt reiterated to Congress that it must impose new taxes to meet, cash payment, on any other burden imposed on the Treasury beyond budget items. This message committed President Roosevelt to permanent Federal efforts to control American agricultural crops. If the Supreme Court outlaws the AAA. the New Deal will seek new legislation. Overall appropriations recommended in this budget aggregate $6,400,000,000. although the President promised to hold his regular expenditures within the smaller sum expected in tax and other revenue. The $6,400,000,000 recommended today is $1,254,000,000 greater than the overall appropriations proposed in the budget presented one year ago. It was.pointed out that there was little connection between the actual budget estimates and the appropriations as they do not. cover the same period. For example, the larger part of ♦he $4,000,000,000 work relief appropriation for the current fiscal year ended June 30, next, probably will not be actually spent until the start of the new 1937 fiscal year. Thus the estimates of expenditures for a particular period do not correspond with the appropriations that might be made in the same period. Revises Debt Estimate Mr. Roosevelt said conditions w j ere improving and that his policies were aiding the nation to better times. H--revealed that New Deal spending was far behind schedule. Mr. Roosevelt's failure to Include his prospective relief appropriation recommendation prevented accurate estimate of the prospective deficit or of the probable national debt when the next fiscal year ends on June 30. 1937. One year ago. Mr. Roosevelt estimated the national debt would aggregate $34,238,823,656 on June 30. 1936. when this fiscal year ends. Today's message revised that estimate downward to $30,933,375,017 and forecast that 18 months hence, when the 1937 fiscal year ends, the national debt will aggregate $31,351,000,000 plus any appropriations Congress may make this year for relief. This message covers the 12 months beginning July 1, 1936 comprising the last half of this year and the first half of next, designated at the fiscal year 1937. The President revealed a fundamental change in New Deal policy structure. He announced the Agricultural Adjustment Administration, the Civilian Conservation Corps and (Turn to Page Three) 14 Holdups—Loot, sl. VINCENNES. Ind . Jan. 6 .--Literally speaking, crime doesn't pay. Looting of eight filling stations and attempt®d robbery of two others within three hours here early today netted the perpetrators less than sl.

V, The Indianapolis Times FOR EC AS i : Snow tonight; tomorrow partly cloudy; much colder with lowest temperature about 18 by tomorrow morning.

VOLUME 47—NUMBER 258

HIGHLIGHTS By I ■ ilrd Prree WASHINGTON. Jan. 6. Highlights of the 1937 budget: President Roosevelt reported a balanced budget for regular expenditures, but a work-re-lief deficit of over $1,000,000,000. The 1930 deficit was $3,234,507,392. a a a Estimated a surplus of receipts over regular expenditures $5,000,000. a a a FORECAST revenue for 1937 of $5,654,000,000. compared to $4,410,793,946 in 1936. a a a Forecast indirectly that new taxation would be necessary if bonus legislation enacted. a a a Disclosed that the AAA—now facing Supreme Court test as to its validity—the CCC and major public works prop,rams in the future would be part of regular budget rather than emergency.

HOUSING FUNDS ARE OMITTED Roosevelt Fails to List Money for Co-Ordinator of Transportation. BY RUTH FINNEY Tim** Special Writer WASHINGTON. Jan. 6.—ltems omitted Irom President Roosevelt's 1937 budget caused as much comment today as items included in it. No funds are provided for administering the Potato Act. The Administration opposed the act from the beginning, but its political opponents, ignoring this fact, enlisted wealthy women to grow potatoes on their formal terraces as the basis for a "Boston Tea Party” potato rebellion. The President s answer is a recommendation, emphasized by its position in the final paragraph of his message, that the act be amended along lines suggested by the Department of Agriculture. Nothing, of course, is included for immediate payment of the bonus. In a cryptic paragraph, w'ell understood by members of Congress, the President warns that ‘‘as we emerge from the depression no new activities should be added to the government unless provision is made for additional revenue to meet their cost.” Nothing for NRA Nothing is included for NRA. old or new. No funds are provided for housing. No provision is made for continuing the office of Federal Cos of Transportation. The act under which Joseph B. Eastman is now occupying this office expires next June. Considerable opposition to making it permanent exists in Congress, and the original Administration plan apparently has been dropped. No funds lor the Resettlement Administration are included. The work will go on. financed from last years’ work-relief appropriation. But by leaving it out of the budget the President has prevented a Congressional verdict this session on Administrator Rex Tugwell. Nothing is included in the budget to carry out the congressional mandate, adopted in the last minute rush of the last session, requiring the Secretary of Agriculture to spend approximately $100,000,000 a year for encouraging exportation and domestic consumption of agricultural commodities. The President suggests this should be repealed. Direct Relief Stopped No funds are provided for FERA, making it clear that the President does not intend to resume direct Federal relief. No provision is made for tne National Emergency Council, the New Deal co-ordinat-ing agency formerly presided over by Frank Walker. The Public Works Administration gets no new appropriations. It will continue, apparently, to administer revolving funds already set up out of relief appropriations, making loans and grants to states and cities only as the revolving fund provides cash. On the other hand, Comptroller General McCarl. whose adverse rulings have hampered many New Deal projects is allowed an extra $300,000 for 1937. J. Edgar Hoover's G-men get an additional $800,009 to hire 143 additional workers in headquarters ar.a 145 field employes. The secret service gets an extra $225,000 to fight counterfeiters. The Securities and Exchange Commission and Federal Power Commission get substantial increases to administer the new Utilities Act. and the Department of Justice gets extra fluids to push the legal fight for this and other New Deal measures.

STOCK PRICES SOAR ON NEWS OF AAA UPSET Tickers Fall Far Behind as Buying Rush Gets Under Way. WHEAT IS UP 2 CENTS Processing Company Issues Advance; Farm Shares Take Drop. [ill I nilrrl Prefe NEW YORK. Jan. 6. Stocks swung ini ' a turbulent advance today when the Supreme Court found the AAA unconstitutional. Tickers fell far behind in the buying rush. Wheat gained nearly 2 cents a bushel at Chicago. Cotton futures firmed slowly. Some of the farm shares dipped small amounts but stocks of processing companies soared. Corn products was up more than 3 points. National Biscuit rose 3 points. Wilson & Cos. and other packing stocks advanced. General Foods gained a point. Tobaccos joined the rise. Farm implement shares and mail order issues were easier. Chrysler Scores Comeback Chrysler, which had been depressed just before the decision was announced, came back more than a point from its low. Leadihg industrials strengthened. Rail., were quiet. The tape was three minutes late at 12:36 p. m. Confusion prevailed on the cotton exchange. Prices rose slowly at first and then leaped ahead. The exchange officials were watching the market carefully and according to a prearranged plan were ready to close the market temporarily in event speculation ran wild.

CITY BANKING GAINS SHOWN REPORT Business Spurt Revealed by Clearing House. Strong indication of Indianapolis business recovery was mirrored today in the annual report of George C. Calvert, secretary-manager of the Indianapolis Clearing House Association. The 1935 business of local banks increased $245,171,000 over that done in 1934. Bank deposits gained $40.000,000. Last year business transactions totaled $1,800,000,000 compared with $1,558,000,000 in 1934. Deposits for 1934 were $176,563,000 and for last year $216,565,000. Increase in new depositors was marked, Mr. Calvert said. Federal guarantee of deposits up to SSOOO was a decided factor in the gain, it was indicated. Both state and national bank calls have been issued this year as of Dec. 31. RIGID EMBARGO ACT READY FOR SENATE Backers Hope for Support in Morgan Quiz. By United rress WASHINGTON. Jan. 6—The Senate Munitions Committee planned introduction today of its drastic neutrality bill, for which it hopes to gain support through an inquiry beginning tomorrow into transactions of J. P. Morgan <fe Cos. The bill, only slightly more drastic than the Administration measure introduced Friday, will be offered by Senators Gerald P. Nye <R.. N. D.) chairman, and Bennett C. Clark <D.. Mo.). Rep. Maury Maverick YD., Tex.) will introduce the Nyt-Clark bill in the House. In a joint statement, advocates of the bill said that the ‘‘broad objectives are similar to those now advocated by the Administration.” SCHOOL BUS IN WRECK 20 Children Hurt as Vehicle Collides With Car in Snowstorm. By United Press LOC.ANSPORT. Ind.. Jan. 6. Twenty children suffered minor bruises today when a school bus and automobile collided head-on during a blinding snowstorm near Grass Creek. Mrs. C. A. Irwin, driver of th= automobile, was treated for cuts and bruises. The school bus was driven by Marion Wright. Giants’ President Stricken By I nitrd Press HOT SPRINGS. Ark.. Jan. 6. Charles H. Stoneham, president of the New York Giants baseball club, was reported in a "very critical condition here today. Attending physicians said they held very little hope for his recovery from nethritis, or inflammation of the kidneys.

INDIANAPOLIS, MONDAY, JANUARY 6, 1936

254,000 in State Hit by Decision; FDR Begins Study

By United Prrtm WASHINGTON, Jan. 6. President Roosevelt will confer this afternoon with Atty. Gen. Homer S. Cummings and Secretary of Agriculture Henry A. Wallace for a comprehensive study of the Supreme Court decision outlawing the AAA. The White House issued the following statement: “The President, at 2:30 p. m. today, in conference with the Attorney General and the Secretary of Agriculture, will begin a preliminary study of the Supreme Court’s decision and dissenting opinion handed down today in the AAA case. “I emphasize that this will be a preliminary study because the general belief that before final analysis is possible—there being two opinions, majority and minority, and many other aspects to be considered —there will be three or four other conferences within the next three or four days. “No announcement will be made after today’s conference and none can be expected until final analysis of the opinions has been arrived at.’’

G. 0. P. CHEERS UPSETOF AAA New Dealers Are Glum; ‘Not Unexpected/ Says John Garner. By United Press WASHINGTON, Jan. 6.—President Roosevelt received news that the Supreme Court had invalidated his farm program while at his desk today and "just held the sheet of paper in front of him and smiled.” News of the President's first reaction was. given by Secretary of War George H. Dern, who was with Mr. Roosevelt. Word of the court's adverse decision spread rapidly through the Capitol, with Republicans in Congress generally indicating gratification and Democrats cautious in their comment. Democratic leaders, refraining from commenting until they have had an opportunity to study the decision, indicated they believed it would not be difficult to remedy the situation. McNary Proposes Plan Republican Leader Charles L. McNary of Oregon announced he would introduce his three-way farm program as a substitute for the AAA. It provides for export debentures, equalization fees and a domestic allotment plan. "If the AAA is dead, it’s dead as hell,” Senator McNarv said, ‘‘and something will have to be done about it.” ‘‘The decision was not unexpected,” said Vice President John N. Garner. Senator John H. Bankhead YD.. Ala.), accepting incomplete reports on the decision, said he believed the situation could be remedied by passing anew law separating the processing tax feature from the produc- j tion control provisions. The court's decision threw the '.louse into excitement and uncertainty. New Dealers Are Glum News of the decision reached the floor as the President's budget message was being read. Republicans hailed it as a victory in their fight against the New Deal. Administration supporters were glum. Indications were that a substitute program would be attempted immediately to replace that outlawed by the decision but leaders wrere not prepared to discuss its scope beyond that “we will try to keep within the bounds set out by the court.” The decision was seen as probably delaying adjournment of the present session, which Administration officials hoped would be brief in view of the forthcoming campaign. Rep. John R. Mitchell YD.. Tenn ), member of the House Agriculture Committee, said that it was regrettable that the farm program could not be permitted “to afford the relief for which it was designed.” “It will have to be revised.” said Senator Arthur Clapper <R.. Kas., adding that the decision was “anticipated.” Republican Senators laughed and exchanged quips about the Administration's predicament. One Republican leader said, “We all hope it w’as a unanimous decision." GET READY! FREEZING WINDS ARE DUE TODAY Snow to Accompany Brisk Breezes. Armington Says. Freezing weather, turning the slushy pavements in Indianapolis to treacherous sheets of ice, is expected here this afternoon by J. H. Armington. Federal meteorologist. Brisk winds late this afternoon.! accompanied by snow, will usher in a cold wave which is expected to drag the temperature to 18 by tomorrow morning, he said,

$6,000,000 in Impounded Processing Taxes May Be Returned. When the United States Supreme Court today invalidated the Agricultural Adjustment Act. it materially altered the economic lives of 254,000 Indiana farmers and returned to the pockets of Indiana processors about $6,000,000. impounded. Purdue University officials stated that the Federal government has signed contracts in the state with 200,000 corn and hog producers; 50,000 wheat producers: 3000 tobacco producers and 1000 sugar beet growers. In the state. 85 per cent of the corn-hog growers and more than 50 per cent of wheat raisers signed contracts this year, Purdue announced. Substitute Measure Ready According to information at the university, the United States Department of Agriculture had anticipated the adverse decision and had planned a. substitute measure, which is to be introduced in Congress immediately. In line with this announcement is the statement of H. E. Abbott, Marion County agricultural agent, who, when told of the adverse ruling, said that there is to be no change in operations in the county. He said assurances were received from the Department of Agriculture in advance of the decision, tnat in the event of an adverse ruling, other means of carrying out AAA plans would be provided. Meetings W’ill Be Held Meetings to obtain 1936-1937 crop contracts as provided in the invalidated law', are to start in Marion County tomorrow', to continue through the W'eek, Mr. Abbot stated. The schedule is not to be affected bv the decision. At the same time Will H. Smith, Indianapolis internal revenue collector, said that his records show that more than $10,000,000 was collected in AAA processing taxes in the fiscal year ending June, 1935, in Indiana. He said that since June. 1935. approximately $6,000,000 in taxes had been paid under protest and impounded to await the Supreme Court decision and now' probably will be returned to packers, millers and other processors in the state. Ninety-two Federal court cases, involving the $6,000,000 in processing taxes, awaited the decision. The internal revenue collector said the impounded taxes would be returned only upon court order, however. Food Prices May Drop Dismissal of the 93 processing tax suits and an order restoring the impounded taxes to Indiana firms is expected by Federal officials. The decision is to have a farreaching effect on commodity prices and will affect every person in Indiana, it is believed, but at this time no official or expert would attempt to forecast whether retail food prices are to rise or fall or to what extent. Retail prices of pork, flour and sugar are likely to be those first affected, wholesale and retail grocers indicated. Edward W. Harris. HamiltonHarris & Cos., tobacco wholesalers, said the consumer will not be materially affected by the processing tax being cut from tobacco. “It will all be lost in the shuffle.’ 1 he said, “but it will mean that tobacco will be slightly cheaper.” Russell McDermott, manager Indianapolis branch of Abbott, Proctor & Paine—“ The AAA decision should be similar in effect to the ruling on NRA. Farmers will now' receive benefit of the full amount of what the consumer pays, whereas formerly they received only 64 per cent, the rest going to bureauocrats in Washington. “If prices of raw commodities remain the same, farmers will receive more and the consumer pay less.” PATMAN TO SUPPORT UNITED FRONT BONUS Inflation Backer Joins in Early Vote Move. By United Preen WASHINGTON. Jan. 6—House factions strengthened their lines on the soldiers' bonus issue today when Rep. Wright Patman <D„ Tex.), called on his bloc to get behind the “united front 1 ’ bill and push it to a vote before the end of the week. Rep. Patman's demand came after the steering committee for his bill, which would pay the bonus through $2.200.000.000 in currency expansion, agreed unanimously to back the Vinson-McCormack united front bill, sponsored by the three major veterans' organizations. Mr. Patman’s proposal to pay the bonus through issuance of new currency may come up later on the floor. His strategy was to get the bonus payment authorized first and arrange the means of payment later.

Entered as Second-Class Matter at l’ostoffiee. Indianapolis. Ind.

DELIVER OPINIONS

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Roberts . . , Kills AAA;

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Stone . . . Dissents.

FAIRBANKS Cl!. TO EMPLOY 500 $250,000 Yearly Pay Roll Is Seen in Reopening of City Plant. Employment of 500 men with an annual estimated pay roll of $250,000 was foreseen today with the announcement of the Fairbanks, Morse & Cos., of the reoccupation of its plant at 21st-st and Northwest-ern-av. Repairs of between $50,000 and SIOO,OOO are to be made in preparation for housing the FairbanksMorse Home Appliances, Inc., a subsidiary, which manufactures radio sets, electric refrigerators, washing and ironing machines. The plant is to be occupied as soon as machinery can be moved in, although extensive repairs are necessary before the 200.000 square feet of space can be fully occupied, according to S. T. Kiddoo, vice president and treasurer. The Chicago plant will continue to manufacture home appliances (Turn to Page Three'

TAG DRIVE STARTED! MOTORIST IS KILLED 12 Nabbed: Traffic Claims Third 1936 Victim. Indianapolis police swung a heavy club today on motorists with cars bearing 1935 license tags. Twelve drivers faced arraignment in Municipal Court. Parked cars formed the first offensive as police ordered machines hauled into a private garage when found with the last year’s plates. Seven mortorcars awaited identification and drivers were to be arrested when they sought to claim them. Meanwhile the third traffic fatality had been recorded for 1936. ‘James Lanning, 40. of 3450 Hoveyst, died in City Hospital yesterday from injuries received Friday when his auto crashed into a street car at 30th-st and College-av. The following were arrested on improper license plates charges: C. V. Edwards, 1923 Park-av; Rudolph Klapper. 1025 S. Senateav; Morris Gold, 21, of 2906 Rucklest. Seven were detained for improper plates and no drivers’ licenses. They were: Ralph Mitchell. 30, of 22 N. East-st; Lonny Mitchell, 33, of 22 N. East-st; Marvin Chumley, 35, of 25 N. East-st: Morris Mitchell, Negro, 21. of 1800 Troy-av; Paul Patton. 41. of R. R. 11, Box 491-K; James Steele, 41, of 5849 Beech-wood-av, and Archie Whadeck, 51, of 250 S. Emerson-av. Times Index Amusements 4 Births-Deaths 17 Broun 13 Comic.? 19 Editorial 14 Financial 15 Mrs. Roosevelt 6 Pegler 13 Radio 8 Sports 16-17 Want Ads 17-18 Womans Pages g-7 ♦ ' " ... ...

RULED ILLEGAL MOVE TO TAKE FARM CONTROL All Processing Taxes, Crop Agreements, and Potato Act Clauses Are Struck Down in Tribunal’s Sweeping Verdict, VOTE OF JURISTS IS SIX TQ THREE Decision Goes Down as One of Most Important Since Civil War; Stunning Blow to New Deal Programs. By L nited Prcee WASHINGTON, Jan. 6.—The Supreme Court of the United States in a 6-to-3 decision of vast consequence today held the New Deal’s AAA farm policy wholly and completely unconstitutional. The court’s opinion, presented by youthful Justice Owen J. Roberts, was a condemnation of the New Deal keystone so sweeping that it carried with it;

The whole scheme of AAA crop control and reduction. The Bankhead cotton act. The Kerr-Smith tobacco act. The newly enacted potato control law. Only by constitutional amendment did it immediately appear possible for the New Deal to repair the gaping hole rent in its recovery structure. A. c a breathless audience listened in the marble-pillared courtroom, Justice Roberts, speaking with only a glance or two at his opinion, condemned the AAA as “a statutory plan to regulate and control agricultural production, a. matter beyond the powers delegated to the Federal government.” “Invades Rights of States” Not a listener in the quiet elegance of the chamber was in doubt of the significance of the opinion as Justice Roberts, with a rising voice, said: “The tax, the appropriation of the funds raised, the direction for their disbursement, are but part of the plan. They are but means to an unconstitutional end. “The act invades the reserved rights of the state?” The court’s decision placed a crushing financia. burden upon the Administration on the very day that President Roosevelt, with optimism, submitted a 19?7 budget that was within balance, except for relief expenditures. Chief Executive Smiles It meant that the government is obligated according to latest AAA estimates to pay $602,000,000 which it has contracted to give to farmers under the AAA crop scheme. To meet the payment, it must find some new form of taxes as the whole system of processing levies under AAA was swept away. In addition it meant loss of some $200,000,000 impounded in Federal courts pending the Supreme Court ruling. President Roosevelt met the situation with a smile. Roosevelt “Just Smiled” Secretary of War George Dern was with President Roosevelt when the news was received in the executive offices. “He just held the sheet of paper in front of him on his desk,” Mr. Dern reported, “and smiled.” Officially, the White House reported “no comment.” In spite of the sweeping nature of the decision. Agriculture Department officials clung to hope that some substitute measure might be evolved. They had been prepared, at least partially, for such a ruling and have been studying substitutes for weeks. New taxes will certainly be sought to replace the lost processing levies. A drive for a constitutional amendment to permit such a form of control may be launched. This, however. would take many weeks. There was some hope that a form of state AAA organizations, roughly similar to grants-in-aid now made by the Federal government for state road systems might be tried. Reverberations Anticipated The decision was considered the most important in political significance since the Civil War. Briefs and arguments submitted during consideration of the case showed the deepest sort of cleavage between the industrial attackers and farm defenders of the AAA. Reverberations over the court's decision were expected to sound furiously through the coming political campaigns. The issue of a constitutional amendment was regarded as an almost inevitable outcome, although the exact form it would take was uncertain. The court based its decision on the finding that AAA was an invasion of the right of the states. It also held that the plan itself was “in itself not voluntary.” Substitute Bills Ready It was planned by Administration, leaders to submit substitute legislation to Congress without delay to : replace the AAA to whatever extent i 4r

FINAL HOME PRICE THREE CENTS

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is deemed necessary and possible. The exact legislation will be uncertain until study of the decision. The government was expected to be liable for benefit payments to farmers already contracted for. Justice Owen J. Roberts, who read the opinion, said as he proceeded, that the Bankhead Act was merely “a step further” along the same route as AAA, compulsory as was AAA. Striking at the very heart of the ; law, the decision held that control ! of crop production, even by volun i tary agreement and the payment of I bounties exceeded the limitations placed on the power of the Federal i government. New AAA “Impossible” I That there was no possible chance of anew AAA without constitutional amendment was assured when Justice Roberts said that even if the plan was unquestionably voluntary it would fall because it used Federal | funds “to purchase compliance.” i Only the three regular liberals, j Justices Harlan F. Stone. Louis D. ; Brandeis and Benjamin N. Cardozo stood for the law. After he had announced the court's finding, Roberts continued for some time, seemingly in argument in defense of the finding, Stone Reads Dissent If AAA's theory were upheld, he said, the government might go into a state with its taxing and spending power and redistribute the industrial population in violation of the state’s powers. “For the appeal from unwise laws the recourse is not to the court, but to ihe ballot.” Justice Stone said in a dissenting opinion. The court’s sensational opinion almost voided the necessity of rulings in the appeal against amended processing taxes brought by Louisiana rice millers and in the attack on the Bankhead Cotton Act brought by Lee Moor. Texas cotton grower. The issues raised in the rice case are of no practical importance, since the whole AAA was invalidated. The Bankhead Act was characterized by Justice Roberts in his AAA opinion as an even greater exercise of compulsory crop control than the unconstitutional AAA. TOWNSEND PLAN PROSE IS DEMANDED IN HOUSE Resolution for Inquiry Offered by t Congressman. Dtf T nitr/f Prraa WASHINGTON. Jan. 6—A resolution calling for a congressional investigation cf the Townsend oldage pension organization was introduced in the House today by Rep. Marion Zioncheck yd., Wash.). The resolution called for a special committee to investigate all old-age pension organizations, ‘rackets and schemes." COMPTROLLER ISSUES NATIONAL BANK CALL Asks Conditions as of Dec. 31; Federal Deposit Corp. Requests Report. By l nitrd Prrss WASHINGTON. Jan. 6—Comptroller of Currency J. F. T. O'Connor today issued a call for condition of national banks, as of Dec. 31. It was the customary year-end condition call. The Federal Deposit lasurance Corp. called upon insurance bank* not members of the Federal Reserve System for reports of condition, “amings. expenses and dividend* as of Dec. 31, 1935. Returns From Hunting Trip. By L nitrd Perm ANTIOCH. Cal., Jan. 6—Police and firemen dragged the San Joaquin River today for the bodies of four high school boys who drowned yesterday while returning from a hunting trip on an island.