Indianapolis Times, Indianapolis, Marion County, 5 May 1938 — Page 3
JI
THURSDAY, MAY 5, 1038
195 Pledge
bit -— a3, aa of x ik RT ~ . en ware TNTK HAT Ta RPh
Wage-Hour Support;
Minton Subpenas Publisher of Magazine
Senate Committee Backs | Bill to End Rail | Furloughs.
By HERBERT LITTLE Times Special Writer WASHINGTON, May 5.-—-One of | the most intensive pressure campaigns seen in Congress in years brought advance pledges today from 195 House members that they would sign a petition to force the | Wage-Hour Bill up for a House | vote, A group of about 40 members, representing four parties, is meeting daily in the office of Rep. James M. Mead (D. N. XY.) to report on progress and to assign members to buttonhole doubtful Congressmen. It is an exampie of “lobbying” by members themselves, and today the effort is being extended to crack the | Deep South, hitherto regarded as 100 per cent opposed to a bill like the | present one which omits special preferences recognizing the low wages beneath the Masdbn and Dixon Line. |
Bill Passing Predicted
This unofficial “wage-hour steering committee,” headed by Rep. Arthur Healey (D. Mass.), issued a statement today through Rep. Mead asserting that the overwhelming primary victory of Senator Pepper (D. Fla), an advocate of wage-hour | legislation, “foreshadows the passage of the bill.” The pressure is geared for speed —for immediate signature of the | discharge petition, “If the petition is not completed with 218 signatures in four days, signatures are almost useless,” Rep. Healey said today. If the petition is not completed by next Wednesday, under the rules, the bill cannot be brought up for a vote until June, when adjournment fever will be high. If completed at once, the vote will come May 23. Labor men brought their strongwith telegrams from William Green of the A and Chairman John L. Lewis of the C. I. O. to all members asking signature tomorrow-— | the first day on which the petition | can be started.
est President I, of 1.
pressure,
Southerners Canvassed
Homer Martin, president of the C. I. Os automobile union, made a personal appeal to Michigan Congressmen at a luncheon yesterday, and obtained pledges from all Mich‘igan Democrats to sign at once, A committee of Southern textile ainionists is canvassing all Southern members in personal interviews. The approach to the Southern Congressmen is aided by two recent developments, One is the vice tory of Rep. Patrick (D. Ala.) in the Tuesday primary. Although Mr. Patrick voted to recommit the | earlier Wage-Hour Bill last Des | cember, he changed his position and | campaigned this time in support | of it. The other is the Florida victory of Senator Pepper. Chairman Eli | Oliver of Labor's Nonpartisan | Ieague commented that the election proves that “the Southern states are not the rock-ribbed repository of unalterable antagonism to human progress which some | Southern Congressmen seem to believe they are.” One of the strongest Southern opponents of the bill conceded to- | day that the House would pass the | bill, but added that he hoped the Senate Southerners would be able to frustrate its enactment,
Railway Furlough Loan Bill Reported
WASHINGTON, May 5 (U. P.).— The Senate Banking and Currency Committee today reported favorably a bill to permit the Reconstruction Finance Corp. to make more liberal loans to railroads. Chairman Jesse Jones of the RFC said the loans would speed re-em-ployment of idle rail workers and would provide for maintenance | work which the railroads have been | forced to abandon in a general re*trenchment program + The bill would waive & requirement that the Interstate Commerce Tommission certify that the railroad seeking a loan is not in a condition precipitating bankruptcy. The ICC merely would certify that
Edited
® ® Ww
| commerce,
ment on his own responsibility and |
| present | sity, ‘when it
| alike suffered.
| being of one depends upon the well i being of the other.”
a y cing y | : lend money “that Hopkins (WPA | sumption. Harry
[ clared
‘sion for study, however, he said.
by Glenn Frank
NATIONAL AFFAIRS
WAGE-HOUR petition backed by “lobhy” of Congressmen,
MINTON to probe magazine edited by Glenn Frank.
RAILROAD LOAN bill favored by Senate Committee,
MONOPOLY PROBE resolution introduced in Senate.
GAPITAL-LABOR ACCORD URGED
Well-Being of Each Depends on Other, Pierson Tells U. S. Chamber.
0’ Mahoney Proposes 7Man Group to Investigate Monopoly.
By DANTEL M. KIDNEY Times Staff Writer WASHINGTON, May | Reynolds of Chicago, publisher of Rural Progress, a free-circulation farm magazine, has been summoned to appear tomorrow before the Senate Lobby Committee, | Rural Progress is edited by Dr. [Slo Frank, now chairman of the
Republican Party's “program com- { mittee.” | Senator Minton (D. Ind), Lobby | Committee chairman, revealed that [this was the organization the { Committee had in mind when it recently obtained an order from President Roosevelt permitting it to [ inspect income-tax returns, “We expect )
WASHINGTON, May 5 (U, P.).— Lewis E. Pierson, board chairman of the Irving Trust Co.,, New York, today called on management and I bor to join in a program of co- | operation to end industrial strife and promote employment, Mr, Pierson's statement, which followed a similar call by the A. F. of L., was not addressed to any specific groups. Although he is a past president of the U. S. Chamber of Mr. Pierson made it clear that he was making the state-
to show,” he said, “that this so-called farm publication operates at a loss of hundreds of thousands of dollars and is | financed by ‘fat-cats’ interested in | strangling the New Deal by slow | editorial poison. “Committee investigators have { learned that most of the backers are in the farm implement business, {but there are other large industrialists such as Allis-Chalmers.” Edward A. Rumely, $1500-a-month not the Chamber's. | executive secretary of Frank N, “I believe that the time has NOW | Gannett’s “National Committee to come,” he said, “when management | yynhalq Constitutional Govern and labor shoulda work together oN | ment,” was named by the Senator those things of common INIErest | oq 4150 connected with the publicawhich fairly protect their respec- | tisn's financing. tive interests, promote industrial | Mr. Rumely angered the Lobby peace and stimulate employment, on |, © ole a fow woeks ago by which the enduring prosperity ol } . the nation depends.” : : . respondence of his organization.
He said need for industrial peace | never was greater than during the Senator Minton also expects to period of economic adveris recognized on all|is another financial “angel” of
prosperity can | Rural Progress. Mr. Vallee is said firm and |to be a relative of Mr. Reynolds, the re- |
'Seven-Man Monopoly
Calls for Harmony Probe Proposed
WASHINGTON, May 5 (U. P).— Senator O'Mahoney (D. Wyo.) today
sides ‘that national be re-established on & lasting basis only through vival of private industry.”
“Labor disturbances regardless of the merits in any particular dispute, | have been a major [actor in creat-
{ ing the present business situation in| introduced his proposal for a joint executive legislative investigation of |
which management and labor and |
every segment of population have | monopoly.
Senator O'Mahoney called for creation of a seven-man national eco- | nomic committee instructed to The A. F. of L. called upon in-| ‘make & full and complete study
“Management and labor are nat- | ural allies, not enemies, and the well
dustry industrial warfare directed against|tion of economic power in and labor by employers’ associations both | financial control over American innow and in davs gone by and to dustry” and make recommendations accept “a new vision of the changed | to_Congress. i . attitude between labor and capital.” His joint resolution calied for a “Many economic wrongs can be | Preliminary report on the opening righted” by such action, the Fed- day of the next congress. It carried eration said. and “many of indus-|3n authorization of $500,000 for the try’s legislative burdens can be rem- | EY vestiution would ‘direct IAN S y irec edied. | Committee to determine: : : 1. The causes of concentratior the carrier has an earning €apa-| ..onomic power in industry nr city to pay the loan. ; ., | the effect of such concentration and Under the bill, borrowing rail- | control upon competition.” ora epi: rien pry TH CCL the, extuing STIs since Sept, 1 JosT > | price system and the price policies { { x 1, 1997. of industry upon the general level Mr. Jones asserted that under |qf trade, upon unemployment, upon the proposal the government would | jong-term profits and upon con-
Hopkins) otherwise would |
3. “The effect of existin ax spend and get most of it back.” hE
| patent and other Government poli-
Si Jv ai uray . hai] n fet : Simultaneously, railway labor or | cies upon competition, price levels, |
ganizations demanded a congres- | ynemployment, sional investigation of the Interstate | sumption.” Commerce Commission as reports| The Committee would include two circulated that Congress may be! Senators, two Congressmen, the asked to set up a special committee | Attorney General, the Federal Trade of Government and private experts | Commission chairman, and the Seto prepare a long-range solution to | curities and Exchange Commission the railroad industry's critical | chairman. problems.
profits and con-
President George M. Harrison of | | the Railway Labor Executives a. TOWNSEND TO VISIT | sociation asserted that the ICC had | failed to protect the public “against
the floating of worthless railway securities” and demanded that the | FT. WAYNE, May 5 current investigation of railroad | Governor Townsend finances be extended to include the | Gov. Schricker will ICC. the Northwest Territory Senator Truman (D. Mo), author | of the bill to grant RFC loans, de- | day. that a plan of Senator | Wheeler (D. Mont.) for reorganization court for railroads |part of the celebration. would have to wait until next ses-| van is traveling from Ipswich, Mass sion for action. v
(U.
and Lieut.
5—M. V,
| refusing to present records and cor- |
show that Rudy Vallee, the crooner, |
“to discard the weapons of | and investigation of the concentra- |
the |
THE INDIANAPOLIS TIMES
pate
PAGE 5 THC——————
PAGE 8
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The four convicts who escaped the Indiana State Prison at Michi« | gan City by concealing themselves in a boxcar were captured by police a mile west of Mahomet, Ill. They are shown above at the County Jail in Urbana, Ill, awaiting return to Indiana. Left to right: Ernest Powell, Ernest Grigsby, Wilbur Dawson and Frank Mears,
Await Return to State Prison |
I ey
Duce Displays Sea Power; Loyalists Report Victory.
By WILLIAM PHILIP SIMMS Times Foreign Editer WASHINGTON, May 5.-—Events in Rome, Berlin, London and Paris, combined with her military sethacks in China, may force Japan to abandon her aspirations for a hegemony over the Pacific and Far East. Neither Adolf Hitler nor Benito Mussolini, according to reliable information, wishes to see a Japanese victory on the scale hoped for by Nippon, regardless of the Rome-Berlin-Tokyo entente. That entente was entered inte for a strictly limited objective-—opposi« tion to communism, Neither Gers
Times-Acme Telephoto.
DETROIT, May 5. WPA and local relief agencies for laid-off automobile workers. This is the story of what happens to one of the country’s great cities when its heart, in this case the automobile industry, goes bad. Other Michigan centers are feeling the shock, and it radiates through the industrial circulatory system to distant communities from which the | industry draws its materials. Here {is one of the chief causes of the depression, WPA and local relief headquarters, visited here today, recall the [scenes of 1933-34, Men and women sit on hard benches amidst the clat[ter of paper work incident to put[ting them back on relief. But the story is worse than in | those other days, | The City has the biggest relief load in its history. The total of 100,000 families on WPA and relief today in Detroit and Wayne County compares with the previous peak of 63,000 families in December, 1934. That included local re[lief and CWA, the predecessor of | WPA, Blow Strikes Suddenly
One hundred thousand families | represent a lot of people. At five to [& family that would be 500,000—in |a eity with a population of 1,500,- | 000—who are dependent upon Gov[ernmental agencies for their daily | bread. { The blow struck suddenly. Last July the WPA rolls had gone down to 12,500. They remained station[ary until January, when they { jumped to 19,000; then, in February, [to 32,671; to 55995 in March; today
| they stand at 66,452,
| 37,671. Detroit is scraping the bottom of its cupboard to care for its part— the unemplovables, the aged, the | Sick, the children, The City's | money is expected to run out in a A special session of the
few days. Legislature undoubtedly must be called. Already the City has, in | effect, borrowed a million dollars | from WPA by taking back tempor- | arily the local contribution of that amount to WPA projects. WPA is employing 55,000 men, {mostly former automobile workers. on local streets and alleys; 5000 on the boulevards; the rest on sewer | projects, conduits for power and [light, and rehabilitation of the De- | trait street railways, | “I don't know what we'll [this continues until fall,” said one
| relief director who was wan and . a
| | | |
FT. WAYNE PAGEANT
Dy |
appear at | pageant here May 18, it was announced to- |
An ox-drawn caravan will arrive | a special | here—its first stop in Indiana—as | The cara- |
Senator Wheeler ( along routes traced by the early |
plans to introduce the bill this Ses- (Pioneers in opening up the North- |
west Territory.
IN INDIANAPOLIS
‘Here Is the Traffic Record)
County Deaths | Speeding ..., 11] (To Date) ini 1938 43 Reckless 1937 “ae 3S Driving .... Running Prefer-
Citv Deaths (To Date) ential Street 16 |
3938 |. a: mene 1937 Running Red | apn Light 9 May 4 ron Accidents .... Drunken Jdnjured Driving .... 1 Dead ‘Arrests
1) |
——
j'Others ...... 13
MEETINGS TODAY
Advertising Club of Indianapolis, lunchon, Columbia Club. noor | : Business Club, Jumbia Club n
oon Indianapolis Real Property Management Hotel Washngton n Fin Paper Credit Group, Men's Grille William H noon Sigma Chi, luncheon, Board of Trade. hoon Acacia, ! Sigma Nu,
luncheon, Co- |
Estate Board Division,
American
and |
mncheon
luncheon, | Block Co.,
the
ung
n. Board of Trade, noon cheon, Hotel Washington
Toon : \ Caravan Club, luncheon, Murat Temple 0
hoon ¥ Indiana Motor Traffic Association, 1 Antlers. noon
Juncheon, Hotel A: + Radio Engineers’ Guild, meeting, Hotel Antlers, 8 dD. n = Oil Cub, luncheon, Hotel Severin, noon. Juncheon. Architects and Builders Bldg. « Construction League of Indianapolis. noon Indianapolis Camera Club, meeting, 110 £. Ninth St, 8 bp. m.
MEETINGS TOMORROW Club,
noon
Club,
Officers’. Association, ar { Trade, hoon Phi Delta Theta, luncheon, tage, noon, Delta Tau Delta, luncheon, Columbia Club
Exchange luncheon, Hotel Wash- « 1ngton Optimist
luncheon, Columbia Club
luncheon,
Canary Cot-
+ noon. Beta Theta Pi. luncheon, Town Tavern, * noon Indiana Stamp Club, meeting, Hotel Lin-
T colin, p.m Printcraft Club, dinner, Hotel Washington, 6:30 p. m. Kappa Sigma, luncheon, Hotel Washington,
en's Club, luncheon, Hotel Washington, noon.
{ Koehne
| ford, carcinoma
| lobar pneumonia.
| cerebral
MARRIAGE LICENSES
Bridget Sullivan, 72, at St. acute ¢ : ¢ (These lists are from official records | Harvey Sine, dilatation "1, at
in the County Court House. The Times, | cent's, carcinoma, therefore, is not responsible for errors in | Harry L. Vestal, 65, at 1004 N. Delaware, names or ndiresses.) cerebral thrombosis,
——— William J. Deunree, 46 St.: Josephine D. Rauh. Ave W C. Bain, Lucille
Vincent's,
St, Vin-
{ we or RSoe" Path | OFFICIAL 2,200, | WEATHER
32, M.
tlliam mont St; ' Belleview St seen United States Weather Bureau Ernest Teeters, 38, of Indianapolis; Ruth C. Richardson, 38, of 37 N. Temple Ave. Carl Ford Jr.. 24, of 3050 N, Sheiman Prive. Margaret Toole, 21, of 114 N. Sheffie
Eugene Elmore. 21, of 1866 St.: Elsie Mae Blake, 17. of 568 N. Pershing Ave Earl M. Ramey. 25. of Kokomo: Mav Gruenert, 19, of Indianapolis.
BIRTHS
Boys Marion, Martha Rash, at Coleman. William, Nellie Brandt, at Methodist. Lorin, Freda Engler, at Methodist. Herman, Genevieve Jennett, at City, George, Opal May Gill, at City, Harry, Sarah Alender, at City, Ely, Maxino Yovancvich, at 167 Bright. Girls
Robert, Sarah Lucille King, at Methodist. Jack, Maxine Conover, at Coleman, Paul, Sally Davie, at St. Vincent's, John, Elizabeth Kretler, at St. Vincent's. Kenneth, Imogene Webb, at 829 Edison. Elmer, Marie Bailey, at 1138 8S. Senate, Russell, Alice Hiatt, at 812 Laurel.
INDIANATOLIS FORECAST—Fair and considerably cooler tonicht and tomorrow.
Sunrise
Snnis vou 4:40 | Sunset
TEMPERATURE May 3, 1937 Ales nnn 1h. BAROMETER 20.58
Carrie
Nam... Precipitation 24 hrs. ending Total precipitation since Jan. Excess since Jan. 1
MIDWEST WEATHER Indiana—Generally fair tonight morrow except unsettled tonight portion: considerably cooler, HMlinois— Generally fair tonight and tomorrow: cooler tonight ana in extreme east and extreme south portions tomorrow. Lower Michigan—Cloudv, showers tonight and probably in extreme north portion tomorrow mol Ring: cooler except tonight in extreme north portion. Ohio—Generally fair and cooler tonight and tomorrow, Kentucky--Generally fair tonight and
DEATHS Westerfield, 65, at Methodist, | (MORON: fooler tonicht and ‘in ‘east and
chronic parenchymatous nephritis, — William Nicodemus, 67, av 2416 W. Me- | _ EW Carty, cerebral hemorrhage. WEATHER IN OTHER CITIES AT 7 A. M. Freddie Allen Skiles, 3 months, at Riley, Station, Bar. Temp meningococcic meningitis, Amarillo, Tex. PtCldy 20.90 50 Ulysses Nixon, 22, at 807 Camp, Bismarck, N, D, \ 44 tinal tuberculosis, ston ..... 0000000 C 20, 4 222 E. St. | Chicago .... 'y y \ 8 Cincinnati )
Marietta McCarty, 85, at & ‘ J ' 6 Cleveland .... Clear 0.64 68 De x . 38 48
and toin north
Fanny
intes-
Lettie May Shackle, ilton, cerebral hemorrhage, Loretta Estella Keiber, 46, at 5549 Guil-
41, at Methodist,
Marcus D. Trader, 81, at 2441 E. Michigan, cardio vascular renal disease, Minnie M, Peirce, 79, at 623 N. La Salle, Bertha
embolism. 43, tuberculosis.
Tabor, Nannie Ewing, 52, at 1256 N. West, lobar pneumonia. Herman O, Pauley, 57, at 2030 N. Delaware, coronary occlusion, Virginia Lillian Westerman, 48, at 352 “Stargbier Schiotter. 63, at 1438 E. Wash T, - ington, anging pectoris.
Joseph, arteriosclerosis, 73, at 801 N. Ham- . nver % a, Dodge Citv, Kas, ..., 9, Helena, Mont, vvo.Clear ] 3 Jacksonville, “ 2090 9 Kansas City, Mo, \ 50 Little Rock, Ark, ....C . 58 Los Angeles .... voll 54 Minmy, 94 8
Lucille Henningar,
at Flower Mission,
from
And the City | { welfare organization is caring for |
do if |
Detroit Is Aiding 100,000 Needy Families in New Slump
By THOMAS IL. STOKES Times Special Writer One hundred thousand families on working
|
| |
| | | | | |
|
| { |
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BE. P. FISHER, Gon, Agent $11 Merchants Bank Bldg,
trol
to the Chinese market which both | very much desire to cultivate,
German Officers Aid
German Army officers are aiding the Chinese in thelr struggle against Japan, These military advisers are given much of the credit for the disastrous defeat of the Japanese a month ago in Shantung, and for this week's reverses in , y OT, | same sector. weary from ‘the job Which has Neither Der Fuehrer nor Il Duce
fallen upon him in recent weeks, was perturbed over the Japanese The consensus of automobile men | invasion as long as they believed it and other businessmen would be confined to North China is that the industry won't Their understanding was that what i Tokyo had in mind was to drive a until fall.
wedge between Red Russia Yet, Detroit people generally seem | China proper and thus stop the cheerful,
[spread of communism among They hold up
[ China's 450,000,000 people. they walk down the street, as one
‘ne wh hy Japan, however, has revealed far vaster ambitions. She clearly aims man put it. The stores are busy People are buying.
at mastery over all Eastern China In those other days
[at a minimum-—with its great sea- | ports, its railroads and its populacould | tion of 250,000,000—a magnificent throw one of General Johnson's| future market. cats from one end of a store to the | other and not hit a soul--not even a | clerk. | and Ttaly had expected. They have There is an underlying feeling | everything to lose and nothing to that improvement will come in the | gain by such a development. Japan fall. As in other places, people here is driving China into the arms of
communism, instead of rescuing her 0 ! 8S Ce ’ point out the soundness of the bank herefrom. Both Herr Hitler and
ing structure, the fact that retail | gig. Mussolini held Gen. Chiang trade is holding up well, the fact | Kai-shek in high esteem as a sort
relief day and night to provide
interviewed improve
their heads
you
Agreed on One Thing
This was not all what Germany
that there is no wave of stock-mar- | 0f Oriental Fascist something like |
themselves, they have seen
ket speculation, A ’ y 1 % If the drop is checked by fall, it is | Reds felt that the inevitable reaction on | Japan, therefore, can other parts of the country, aside | pect much help from from the relatively nearby regions | European partners, ; | his is y m already affected, won't be severe. In his 1s highly important. I ; ha Y means that, divided though {they a recent visit to the south this re- | gp among themselves nearer home, porter found no evidences of real |the Europe's great powers are now depression, and more recently he
more or less in agreement that a discovered that Towa. for instance knockout must be avoided in China has not yet felt any real effects. |
It means, too, that China That Wisconsin, with its diversified | P® given aid.
hardly her
exXtwo
Britain, France and
industries, is holding its own, and | SOviet Russia will supply her with
that Chicago is far less blue than | War materials in so far as they | are able. Germany will contribute
the Bast, | aati Depressions move outward from | military advice through ex-army For
the Bastern and Middlewestern in- | Officers now in the Far East, dustrial belt rather slowly, But if the automobile industry should be long recovering, the story would be different, The automobile is the largest user of steel, gasoline, rubber, plate glass, nickel, lead and mohair, and draws upon innumerable other sources. Its illness is reflected to some degree in all parts of the country. Automobile production is less than half what it was a vear ago. Contributing to its difficulties are the inventories the industry built up in the face of sitdown strikes, fearing interruption to production and high labor costs, and the excess stocks of used cars.
JI OLA
FOR THE
remodeled standard
INDIANAPOLIS, IND, Phone: Riley 3077
THE FOREIGN SITUATION WASHINGTON-—World powers silently glad of Japanese defeats, PARIS—Franc temporarily stabilized at 2.79 cents, SANTIAGO-—U. 8. to decide dispute over islands, NAPLES—Mussolini gives Hit ler mammoth display of sea power, HENDAYE—Spanish Loyalists | stop Rebel Valencia drive, SHANGHAI — Chinese “big | swords” cut off Japanese in
Tancheng, |
|
the present there is little that Italy | ean do. | Britain, France and Russia must |
[ many nor Italy wants Japan to ¢one- | China as she does Manchukuo. | On the contrary, such control would | result eventually in closing the door |
the |
and |
Japan | force him into partnership with the |
must |
help China for their own good. | China is now waging their war, All| three have enormous stakes in the | outcome. If Japan won, all three | fear she would continue her con- | | quests at their expense. If Japan is checkmated, the Soviet | Union would hardly need to fear her | | for an indefinite time to come France's Indo-China would be | [relatively safe. Britain's interests | [in the Yangtze Valley, Hongkong, | | the East Indies and Australasia | [could breathe easier, So could the | | Philippines As for China herself, she would | [ have a chance to develop, along her | own lines, into a power which might | well balance Japan. The rest of the | world, including the United States, | woud stand to benefit by trade through China's Open Door, which, | unless closed by Japan, will probably | remain open for a long time
Jap Garrison at |
Tancheng Surrounded
SHANGHAI, May 5 ((U, P) Chinese “big swords,” celebrating | | the sixth anniversary of the ‘truce’ in the 1932 Shanghai war, today | started an ocensive against Tan- | cheng, strategie Japanese-held town [in Southern Shantung Province, The “big swords,” vanguard of thousands of Chinese troops, includ- | | ing the hard-fighting “red spears” {and “suicide squads,” cut off the city | completely from Japanese lines, ac- | cording tO Chinese reports, | How many Japanese troops were | inside Tancheng could not be deter. | mined, but reports indicated they | were outnumbered. In addition, Chinese military au | thorities claimed that their troops had prevented heavy Japanese rein forcements from reaching the { Southern Shantung front where the Chinese already had pushed back the invaders 12 miles,
|
[| commission
thusiastic oh noise. It was indicated that word
Mussolini, Hitler Secretly Hope For Japan's Defeat, Reports Say; Franc Is Stabilized at Record Low
& » » » &
strengthen the currency and attract refugee French capital back to the
| country,
This works out at about 2.70 cents a franc or a little less than 38 francs to the dollar, It is the lowest gold rate in French history M. Marchandeau said that the new rate would not constitute a final stabilization It was indicated that if the "da facto” rate were altered into a legal
| rate, it would be at about or above { the level of today's rate.
the 420 million dollar loan was deferred the temporary
Issuance of national defense until the effect of
| stabilization could be determined.
Cummings to Arbitrate
Ownership of Island SANTIAGO, Chile, May 5 (U. P). U. 8. Attorney General Homer 8, Cummings was asked today to are bitrate a dispute between Chile and Argentina over ownership of the Beagle Channel islands near Cape Horn, An agreement appointing Mn, Cummings and creating a bilateral in accordance with the Pan-American treaties was signed by Foreign Minister Jose Maria Cantilo of Argentina and Foreign Minister Jose Ramon Gutierres of Chile,
Duce Displays Naval
Power to Hitler NAPLES, May 5 (U, P.)) «Premier Benito Mussolini treated his gusst Fuehrer Adolf Hitler to a gigantie display of Italy's new sea power toe day at a gala fleet review in the Bay of Naples, More than 200 warships, including a massed fleet of 90 submatines took part in what Ttalians said proudly was the biggest navy review since the World War, the ships sure passing in number even if not in tonnage those at the British coroe nation review of last year The two dictators had as their post, of review the 23,000-ton battlee ship Conte Di Cavour, newly recone structed at a cost of $15810,000 and bristling with antiaircraft guns Naples gave the Fuehrer an ene welcome, with emphasis
had been sent quietly ahead that (he demonstrations in Herr Hitler's honor in Rome had been a little tod “restrained,” and that more ene thusiasm might be desirable,
Loyalists “‘Annihilate’ 1000 Moorish Foes
HENDAYE French Frontier, May 5 (U. P.) =Lovalist dispatches asserted today that a Rebel advance northeast of Teruel had been halted with the “annihila«
Spanish
| tion” of 1000 Moors in the village of
French Stabilize Franc Under 36 to Dollar
| PARIS, May 5 (U, P)) Finance | Minister Paul Marchandeau an[nounced today that the franc would | [be held at a maximum rate of 170 | (to the pound sterling, in an effort | [by agreement with the United | | States and Great Britain-—to
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was Aa
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The Loyalists said the engagement rout Reports from Barceslona said that the battle fought with bavonets, hand grenades, the curved swords of the Moors, tanks, artillery and airplanes, shattered a Rebel offensive and halted an attempted drive from Teruel to the coast and
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