Oakland Tribune from Oakland, California • Page 1

i iri -x. i r. ii "i wtm i mm mmmi Evclusivq 'i-cssf-; ocr vice OAKLAND AND VICINITY-Fair, iih normal temperatures tomcht and Sa'wi-day Sunday fair but with morning 'ex moderate veslCrJy Temperatures vrjtrrriav Mav. PC. nw RAIN I A LI- AT fHAROT.

hours curling at 7 a. ni .00 Season In date 11.14 Normal to riatr 23.1 JLart year to dale 10 1(fu-J-r United Press Consolidated Press Association VOL. CXVIII THREE CENTS. SUNDAY TEN CENTS OAKLAND, CALIFORNIA. FRIDAY.

MAY 26, waktalsi a -V VJ II II El 18 II S3 ki IV 11 ll "V- lJ 1 I) 40 PAGES NO. ute Saves 1170 ROOSEVELT ASKS LAW T0 ItZ ws5U3 22 PER CENT OF HATIQ 11 ELECTRICITY ABOLISH GOLD STANDARD PUBLIC WORKiFRANCE TOLD IflLL PERiLEDiDEBTDUEU. S. I TAX DOW 1ST BE PI nnnnin 11 mm BY MORGA Vast Utilities Empire Bill Introduced in Congress Proposes to Make All Coin and Currency Legal Tender, Abolishes Act for Dollar Deflation Probe; Senator Carter Glass Demands to Know Where Investigation Is Leading may rkduck war dul: PHCORA OI' FKRS By NATHAN Revealed in Senate TO RESIGN JOB ROBERTSON business of the nation. A few minutes later the hearing was recessed until WASHINGTON.

May '2(1- AP)--Prcsirlonl Konsrvclt has decided that the United Stairs should no off the sold standard by statute. He today requested Chairman Steaqall of the House banking committee to introduce a resolution tn place the United States off the standard by law. The Alabama Democrat conferred villi the President at the White House. Later he called newspaper men to his office? Associated Press Staff Writer WASHINGTON, 26. Suppressed tension over the Senate's Morgan investigation burst forth in depute at today's hearing, in the wake of disclosure that the wealthy banking house controlled the United Corporation utilitietf stock holding organization which in turn is affiliated with companies doing 22 per cent of the electric and gas output "XL VJ II 1 Japan to Proceed Ar Alert Onlv in Fa.miI Old; Treaties.

Not Mentioned' GFA'KVA. May 26.. -Ambas- sador Naotake Sato, Japan's repre- sentaHve. told the disarmament conference today that Japanese adhesion to the disarmament conven tion, now under -negotiation, will be possible only if the conference ac- (ipiS 111V HUKIll.l!ICn( 10.11 there must be no reference to the Washington and London naval 1 treaties. Japan is dissatisfied wTth the I 5-5-ft naval ratio set forth in these treaties, and desires a better allotment when the time comes to renew (hem.

The Japanese amendment deletes the cause in the British disarmament plan which says naval armament as arranged at Washington and London remain :fiib.icct to the limitations resulting from those treaties. The British plan is bring diseusr-ed by the conference. The Japanese, amendment Japan cannot share the view it 15 desirable to establish a new agreement 011 the basis of existing tveaties "which are unstable in character ri which will soon ex- iK. in. .0., i there is no for referring to I hem.

Ambassador Sato insisted the Japanese amendment did not affect the structure or existence of the Washington and London treaties. He repuclidated a suggestion by Norman II. Davis, American ambassador at large, (hat deletion of the reference would have unfortunate effect on public opinion. The Japanese rr presontal ivo com plained that Ihe P.i ilish plan merely provided for a truce in naval iirniii merits and did not provide 'for re duet ion. Bottomley, 'John Bull' Editor, Dies next Wednesday.

Senator Carter Glass of Virginia fumed over the tactics of Ferdinand Pecora, the vigor- ous New York attorney who as counsel for the inquiry has had J. P. Morgan and one of his partners, George Whitney, under stringent examination in the past three days; and today drew further evidence of Morgan activities from George Howard, president of the United Corporation. The tart Virginian demanded, to the excitement of the crowded audience, the exact courst of the inquiry. He raised questioni about Pccoras retention as counsel, while silence fell on the huge hearing hall.

Pecora returned in kind, drawing applause with a veiled hint that his resignation could be had if the committee asked. OBTAINED STOfNK AT S.12,000.000 DISCOUNT Through Howard, he had developed that the United Corporation received from Morgan stocks in various utilities concerns in the '29 boom days at $12,000,000 less than their market value; and that th banking house had in consldera- tion obtained a dominance over af' fairs of the United It was likewise disclosed by hit questioning: of Howard thai through a Morgan United deal, the banking firm was given options on a million shares of United Corporation at one dollar earn at a time when It could have been sold within a month to the tune of a $29,000,000 profit; or at some 53!) more than was paid for each option. TELLS OF OBTAINING ,1 into the Morgan Company Tol ck Mil Mntii-r nanring methods were within the UlltC I tllsCS i0 lOlH limits of the authority conferred Of PilCt Difficulties by the Senate in proposing the Mav 2fi. (Pi nenorts investigation, from Paris or diHirulties arising1, Fletcher then ruled in favor of over Mussolini's four-power pact. Conzens.

since Ihe informal agreemenl was i Pecora was revealing details of announced here Sunday had no Morgan financing of echo in a communioiie issued early 1 1 ho United Corporation, utililies today after a four-hour secret ses- i holding company. Senator Glass sinn of the Fascist Grand Council. jojerruplrd Ihe proceedings just as Premier Mussolini presided. George Howard fini' hed his state- The communique contained noth- men! and George Whitney war. re-ing lo indicate bother Ihe Ihe stand.

cal Flier Crash in Air ary Yin Willi Dcaih Wliru Anm Luck. Fall In Farth Davis A vary. 21, Oakland youth and a graduate of Stanford University. won a brush with death today in the clouds above Har- 1 a a 1 e. Tc when hir.

a i i 1 a I 1 i i a li-'l her r-ng a practice flight. I plane 1 ked together, spun to earth a a iv i i a few fert of a home containing seven persons, a riina to dispatch- PA VIS rs. Avary. a cadet at Kelly Field. Texas, was pinned in his plane by the collsion, hut managed to tear himself free and leaped to safety with a parachute.

The second flier, Cadet William M. Altenburi, extricated himself from the crushed fuselage and likewise floated safely to earth. The telescoped planes spun down over the home of Harry Davis and landed a few feet from il. Davis, his wife and five children were in Ihe dwelling, which was splashed with gasoline. Avary graduated last June from Stanford I "diversity, where he registered from Oakland.

The other cadet is a graduate of the Harvard School of I'lisiness Administration Avary is th" son of Dr and Mrs. Hugh Aar.v. fiUi Mandana l'oule-vard. While at Stanford, he majored in economics, and was a member of the Delta Tau Dcla train nitv. JF POUGE IS Oakland'- Molorcvclr Officer Fails to Kally flrr lliai'i Hrmorrlta'ir Scr'-reanl l.es Manning.

veteran Oakland motorcycle officer and one of the most prominenl traffic officers in this section of the state, died yestrrr'ay at Merrill Ho pital. Death was due lo cerebral hemorrhage, which (Hired him to he removed to the ho pilal in a coma Wednesday night. The hemorrhage resulted in paralyis of his right side, and he never regained consciousness. The funeral will be held at o'clock tomorrow afternoon at the Grant D. Miller Cathedral Chapel.

2R50 Telegraph Avenue The F.Ik, Club will conduct at the mortuary. A guard of honor comprising 'be drum and hugle corp of flak land Post No. a. American Legion, members of Oakland and other police departments, and the California Highway Patrol, will accompany the body lo the California Crematory. Irv Hazelline.

commander of (he legion post, said that taps will be sounded by Robert. Uigelow, and A. Peterson will sing at Ilia crematory. Pallbearers will he George Moynahan, assistant chief of the California Highway Patrol; F. 17.

Leber, inspector for Ihe patrol: Marshall, captain of the Stanislaus County patrol: Sergeant Pierre Van Do Wiel and Motorcycle Officers L. Tonner and O. Bennett of the Oakland police department. Manning, a charter member of the Last Man's Club of Alameda County, a war veterans' organization, is the first member of that group to die, Elmer Zollner. secretary, revealed.

Zollner said a vacant. chair at all future meetings of the club will honor Manning's memory. Manning was vice-president and one of the organizers of Ihe California Association of Highway Patrolmen and officials starter for the American Automobile Association. He was well known in raring circles. He was Oakland's first motorcycle officer, joining the police force in During his prriod of service he was frequent ly injured while on duty, and it was his boast that he had received "thirty-two broken bones in more accidents than I can remember." He was a veteran of the World war and leaves a widow, Mrs.

Ada Manning; a daughter, Gloria, and his father, William Manning. Former Kentucky Congressman Dies PAINTSVILLE. May 26. fP Andrew J. Kirk, 69, former congressman from the old Tenth District and former circuit judgs, died last night after a long illness.

He was elected at a special election in February 1926, to succeed the late John W. Langley in Congress after Langlcy was convicted of violating the Federal Prohibition Act INfllllE and read a copy of the resolution, which he said "declares the U. S. is off the gold standard by statute." "It repeals the 'gold standard act'," Steagall said. Adding that under the resolution no bonds, no obligations of the Fed-rral Government and no obligations By Associated Tress.

Government bonds need not he redeemed in (fold, but can be paid In any legal moneys Private debts, surh as niort-Kajtes, can be paid in any legal money, regardless of whether tile original contract stipulated gold. The war debts owed by foreign countries can be paid in any legal money, gold not being necessary. It will be unlawful to stipulate gold, in contracts made hereafter, as the medium of payment. All coins and currency legally issued will become legal tender for payment of public or private debts. of any form would have to be paid in Kold or sold currency upon Ihe enactment of the measure.

He said it would be possible for the foreign debtors to pay the United States their war debts in any legal money. "fhi." bill frees tte United Slates from the obstacles and the gold standard," he declared "It is an administration hill and a part of President emergency relief proqram." DF.VAI.UATION WOII.P KV, UNNECESSARY In addition. Sleasall said tlv hiw would make it- unnecessary for President Rnosevell to dev aluate the gold dollar under the inflation prolusions of the farm relief act. Steagall termed the measure one of thff greatest steps money in the United States. All legal money under this act, he asserted, would meet all obligations payable sold.

Chairman Fletcher of the Banking Committee will int roducH an identical resolution in the Srn-Bte. Early hearings will be held, and Steagall expects action In cinv in both Congressional branches next week. PROSPERITY PR BDICTFO WHEN BILL INTRODUCED Steagall immediately introduced the bill in the House and made the following statement: "I fuvo it my bumble judgment that this lull marks a final, definite and determinate step that will brim: a revival of business and a restoration of prosperity and happiness to the American people." Chairman Fletcher of the Sena'e banking and currency committee troduecd an identical bill in the Senate. The resolution is entitled "to assure uniform value tn the coins and currencies of the Uniled Stales," nd reads as follows: "Whereas, the holding of or dealing in gold effect the public inler- Continued on Papr. 2.

Col. 6.) SECTION Ivri'lcs oil 'The ImpMigalion of Private. Banker?" IN THE MAGAZINE i ijt i oiutna With the Glass Pecora clashj'' which set the room moinenUHrlTyin Ilili Prcr-surr Iiracltcd a. Hotir-c ole en Hi; Industry Measure Amendment I ittj: l)e- duel ion mi I it l.c ie en iiri ill WASHINGTON, May 2. An amendment to the adminMra 1 tion's public works industrial I control measure to limit dedue- I tions from rap'tal looses to one year in making out income tax returns was approved today by the House Ways and Means Committee.

The proposal, an outgrowth of testimony before the Senate Banking Committee thai J. P. Morgan had paid no inrome la In this country in the last tun years, was approved as the House neared a vote on the huge measure. A final rnlecall was expected before adjournment. WASHINGTON.

May Congressional revolt against imnos- ing higher inromr taxes when some 1 of the country's wealthier men have been paying none, imperiled today me l-ioosevel! puhnc wot ks program and spurred hasty plugging of tax law holes. The revelation of (he Morgan inquiry, especially that the partners of the celebrated hanking firm paid no income tax during the (ao hardest years of Ihe depression, poured a stream of protests from back home upon Congress. The pressure reached il highe- in the House which hail up for passage before ni'rbt fall. Ihe Public ial Conlrol bill carrying a new. highly onerous, schedule of income taxes.

The tax protest was mingled wild a block of opposition to suspending anti-trust laws necessary lo the industrial program for eontbiuitt to boost prices, cut production and raise wages promising the measure Ihe sliffesl opposition yet faced by a Iloosovelt bill. TARTY LEADERS ARE CONFIDENT The party leader' bad In "i their harde-l, but were i oiiti.lent of victory after hastily rrtin' to amend the bill to prevent holders of securities such the Morgan from carrying over of a year's los.ser. lo ranerl I he come tax they would the next year. That has neon I'l ro far. Until I fact, thev could carry 1 ovf uch los.es for 1 wo year: The reaction a I read had ha-t-encd Senate pas' age of Hie ricfoim bill a incisure which will strip P.

Morgan Co of much of its power by the light it on private banking house: BANK BILL HEADED FOR ONLERENf I. The bank bill hear' toda fe conference with the Hoire over difference winch may prove bard to settle though renator, arc optimistic. The Senate put in provision for immediate insurance of bank depor ils under an emergency ono- "car plan: pur a p- i in. on o. ance schedule to go into elfe'-l voa.

The House iia: the bill with an insurance prove urn r. easier for small la'e The congressional determination to Hie hill nassed was coun'ed on I gel, it agreed to this session, even though President Honsevell has not lifted a hand to help it. The Senate passed it late yesterday without even a roll rail. Besides insurance, the bill demands severance of commercial and private banks from investment businesses, and up the Federal Pcrerve credit machinery in a way counted on lo prevent of stock speculation like the big bubble (hat. burst in SALES TAX HAZARD TO PUBLIC WORKS BILL The biggest hazard to Ihe Public Works bill in the.

House today was a pending Republican move to throw Ihe whole thing' back into rommitlee to put in a sales tax. The income tax furore was counted on by engineers of this move to help them, especially since Ihe -rule for six hours' donate and no floor amendments was voted on yesterday by the narrow Kl to 194 margin. This threw surh a sea.c into Ihe Democratic leaders that they hastened lo the While House for help in forcing objectors into line today. The only other amendments to gel, a vote are: The capital losses plug-up; one transferring Ihe present per cent electric tax from consumer to producer 'a bill for this already has passed but is snarled in a bad conference mixup). and one to allocate $100,009,000 of the public works money to the states for highway construction, to be distributed on an apportionment in which population will count for aO per rent, area of the stale and length of its post roads, 25 per cent each.

Farm Board Goes Out of Existence VASHINGTON. May 26. The Farm Board, created as a major life saver for agriculture at the outset of the Hoover adminis- (Continued 'on'Page 8.) I i I I i llerrinl Inform OepiMif Iooseell Iiir-ir-ts on Dec. licfore liiirrcsi "Made inmlil ion of ny Nerpol int ioiir- in Future PAHIS. May 26.

President I Uooscvplf made ment of Ihe rjlfinnn.nnfl wa- debt interest due la'M December an essenlial condition of future settlement of the debts, Edouard Herriot. France's special envoy for the Roosevelt economic conversations in Washington, told the Chamber of Deputies today, "If France agrees to pay the De cember 13 installment," M. Herriot i said, "Roosevelt told me nogotia-tions could be undertaken imme- diately." Deputy Feroard Laurrta, m'rrpel-laling Ihe government on its policy for the world economic conference, expressed artonishmenl that the debt question was not on (he conference agenda, adding lhat American opinion is against a moratorium. "In a proportion of 99 per cent." interjected Deputy Henry "it must be remembered that Mr. Rnosevell is absolutely powerless to offer us a solution.

He is the prisoner of Congress." Ilerriol ohjccled lo doprocatiftg in advance the efforts of Ihe American President. Higher -Prices, Wages Urged for Coal Men CINCINNATI. May JPi A call for higher prices and a 10 per cent wage increase won! out lo Ihe coal industry of four States I today from Appalachian Coals. Inc i huge marketing agency. 1 The wage scales of more than 117 mining companies are involved in eastern Kentucky, southern West Virginia, southwestern Virginia and eastern Tennessee the region! where Appalachian rook; represents the bituminous coal industry.

i ft Is. Ifou'e. executive secretary; of lire agency, he could not accurate'v i.ite the average wage reale for Ibe region or how far a 10 per cent raise would go toward ro: Inring normal Slayer Is Accused of Murder A NG IsLF.S. 2'i iP; A eoniolainl formally charging him with the murder of Edwin f.ul Patterson, general manager and publisher of the Los Angeles lllu.slraleA Dailv Mews, has been issued against F.d'vin Davis. eai -old former janitor at the and he will be given preliminary hearing next Friday Trstimon" at the inquest, developed lhat Patterson as fatallv wounded by Davis hen the foi nv wrnt to the aid of W.

McGiure, another oorulivo of the newspaper, who being threatened by Davis because of bis discharge as janitor at. the newspaper plant. Pope Pius Grants De Valera Audience VATICAN CITY. May Pope granted an audience to-, day to Fainon de Vah ra, president, of the Irish Free Stale, ho was accompanied by llie inrli iMuur to the Holy See, Carlo Sub' equenlly the Irish I epi enla- lives (ailed on the Pajjal Secretary of Stale. 4 Senate Ncars Vote On Rail Merger Bill WASHINGTON.

May 2fi. The Senate today consideration of the admini: I rat ion's railroad ec- nnmy-onnsolidalion bill with a I view lo pa sing it late today or Monday. No session is planned to-i morrow. U. S.

Ambassador to Argentine Named 'j WASHINGTON. May 26. tPl I Presdenl Pon-eveM today nomi- I mated Alexander W. Weddell, of Virginia, as ambassador to Argen- ttiia. and William Zimmerman of Illinois, to be as- islant commis- sioner of Indian affairs.

Inland Customs Offices May Close WASHINGTON. May 2B. live Curke raid today he had received word from the Treasury Department that its economy program probably will include closing all inland cus-lonis offices July 1 except at Chicago. Means and Whitaker Each Get 2 Years WASHINGTON, May 20. 'Pi Gaston B.

Means and Norman T. Whitaker were sentenced today lo serve jail sentences of two years each for conspiracy to defraud Evalyn Walsh McLean of $35,000 in a Lindbergh baby hoax. Gen. Cheney to Rule Coast Artillery WASHINGTON, May 26. (U.R The War Department today assigned Brigadier -General Sherwood A.

Cheney, Fort Logan, to take charge of the ninth coast artillery district, San Francisco. g. I I I I I I i 1 I an uproar. Chairman Fletcher of the committee defended the fcer-sistent counsel, and the Florida Senator also drew applause from the throng that awaited every word of Ihe testimony despite the oppressive heat of the day. Members of the crowd' pressed around the table to vatch the controversy.

Howard told how three dayi after the United Corporation formed it obtained from Morgan much stock in Mohawk Hudson Power; the Uniled Gas Improvement Company and Public Service Pecora and Glass Clash; Pecora Wins WASHINGTON, May Senator Glass Va.i today inter- rupleri tne benate investigation oi J. P. Morgan Company to insist lhat employment of Ferdinande Pecora as committee counsel never had been authorized by the subcommittee in charge of the inquiry. Chairman Fletcher supported Pecora. Glass had been pecking away at Pecora all week.

There was a sud-dent flare up today, with the aged Virginian pounding the table in complaint. Senator Couiens Mich.) backed Pecora to the limit and insisted that (halrman Fletcher rule whether his line of inquiry GLASS PROTFSTS RFING KFPT IN IGNORANCE. "I'm tired of sitting around here In absolute Ignorance of here we are going or here w-'re heing taken," the Senator aid. "I think the rnmmict.ee Is rnlillrd to know. I'd jnst like to knew what it's all about here today." Turning tn Howard.

Glass asked: "I want to as' if anything revealed here this Is In violation of either State or Federal stat'cles." "No, sir. After a few remarks, Glass then said: "Well, I want, to know what it's all about." Glass complained sharply thai he as a mepiber of the suR-rommitlee had not been told in advance wnai Pecora intended lo develop. I The crowd broke into loud ap- plaiisc, the first during the in e-li gation, when Pecora holly replied to Class. The committee prosecutor flared under the attack of Glass. Peeora said lie had not sough (he job as investisra'or and the "compensation of a inonCli Is no Incentive to eonl "Tins IS A CIRCUS." GLASS COMPLAINS.

The applause at. Ibis point provoked Glass into a sharn retort. 'This is a circus. All we lack is peanuts and pink lemonade," Class said. i Senator Co I i gan Colo.) stepped in to the argument to de- fend Perora.

saying no wanted to commend the counsel for his work so far. Peeora's dark eyes shot one final flash at Senafor Gl.gss. "I think I have been sustained In this particular line of questioning," he said. Pecora then referred to press reports he had threatened to resign on the issue of publishing lists of bargain stock buyers, prepared by ihis investigators. i "I never made any such threat to resign." Pecora said.

Cooling down. Glass then said he was in favor of adequate pav for any counsel of the Senate and that he agreed the lawyer's compensa-, tion was inadequate. Fake Sale Charge In Mitchell Trial YORK. May 26 (U.R) The government today opened the third of its income tax charges against charies F. Mitchell, former prcsi- dppt of (he Bank.

Unjted states Attorncy George Z. which, it is contended, Mitchell received from a "management fund" of the bank and failed to report. With the exception of one witness, George Whitney, partner of J. P. Morgan, the government has offered its complete testimony on two charges that Mitchell made a "false and sham" sale of stock tq hb wife and a second sale of stock to W.

D. Thornton, a lritnd, In order to sweat, off income, trfxes amounting to $850,000 for.te years 15Z9 and, 1930. -k rV II Alt It FLORA. I nilod Prrs Staff Correspondent. LONDON.

2r (U Pi Iloratm Ilotlomlev. 1'iie of the nmr amiuiiv; figures of modern England editor, silver-tongued orator, nnllionaire. convict, pauper died in a free ward of Middlesex 1 Inspital today. r.ottomlev. "the man who mi'jht ha'o been prime died behind a i re( ii that sheltered hnn from the stares of his fellow charity patient: He was operated on a week 7.1.

a flabby old man. he II: il few r.n. i i Ills about of I said, end "I and unable to fj-ihl verv hard, la public appearance came i k. lien be applied Hiiucl. an Id I VK etei islle thai cannot really believe," he "that Mr.

II. It. is going to like this, criuld have got anywhere been anything if I had not inailc fned of myself." That war; what, millions of flitl-: fins ho admired the man they mar' (died at the tb.it rent hmi off into crooked path There was. no bitterness him In last day Alw.a.v a ph 1 1 i pi 1 1 1 be i that he life, if olr cured at the 'art. had been a i lull one.

r.Ror.nr it in MISERABLE POVERTY. Notlnmlfv was broiirjhl up in I mrrrah'r povertv. was an oilier boy at HI in a lawyer'- oflice Hi-aerpiif ilive Coikuev mmd ahsorbefj a Irrmendoii a'nounl of leal information, lie became a court reporter and was a one for five yflr At Z'. lie became a financier. His companies flared like sky- rockets across the London financial sky.

and fizzled mil, like them. He as prosecuted. His i defense "made" him. He as called the creates! lay lawyer in i England. He brianir dollar mansi I.nv'ate rare i 1 1 His million Sussex had ils and he went in for hnircrs lie was elected to! liamrnt.

He was a war lime! orator and a magazine aiblisher with a rr on iidoir- So great m.is his power to move I Ihe mob that lie boasted he could have overthrown the imr govern- I ment and made himself prime minister, and there are many who believe Hill he could have made good his hoiist. I DIPPED INTO I BOND I CM). After the war. eonl inuini: his magazine, his prcslige led to Ins nun. He offered to help the govern-j tnenl sell victory bonds.

Through the Hull, he ap-' pealed to the public to buy. through him. The ic statmerecl him. Millieins rtf pounds flowrd mt'i his office He had to hire more I He hiirl not allowed for overhead. I and he never knew how much money he had.

He dipped into the victory bond funds, and finally his structure crashed. i An obscure printer, who had a grudge against him. went about the streets in IJI22 distributing circulars entitled "The Downfall of Horatio Bottomley." The circulars denounced the great Rottomlcy. Bottomley sued for criminal libel. His legal knowledge failed him.

He was. manocuvered into offering material upon which the defense was entitled to call for his books. Examination of the books showed the victory bond embezzlement and sent him to the Old Bailey and a term of seven years penal servitude. nc never came back, fie tried lot start another John Bull, railed John Blunt. Its circulation the first, week was almost after a tew months, almost, nothing.

"I have been a great personality, he said in his last interview. "That's wdiat people like color. A great personality does not have to be pure as the driven snow, for the public loves him." MADE FREQUENT ATTACKS ON AMERICANS. LONDON, May 26. 'Pi When Horatio Bottomley directed the weekly "John Bull," one of the feat ures of the publication was it's quent attacks on the United States and Americans.

The American-born Lady Astor was one of his targets. In Bottomley's eyes the United States was a country where greed was uppermost. or Kcw Jersey. vy In turn, the United CorpoxaUon was authorized to issue a total capital stock of 13.000,000 shares consisting of 1,000,000 first-, pre-ferred. 2.000.000 preference shares and 10.000,000 common.

His words being followed closely by J. P. Morgan and other of the Morgan partners, Howard told the crowded room no first preferred Ind been issued, but 600,000 of the $3 prelcrence stock had been Issued and also 800,000 shares of common, all being taken by Morgan. CONTROL HELD BY national situation had changed since hot Saturday's meeting when the Diieo reported great improvement. It.

r- iid Mussolini addressed the council lengthily on the internal political and economic affairs and lhat Achillc Slarace. s-cretary of the Fascist party, made a report on parly statistics. Press reports carried, without comivent mention of an opposition peep pact presented by the Lil'le Entente I Jugoslavia. Czechoslovakia and Rumania i. The report said this I fact appeared to carry weight v.

Mb the French government The council was again convoked for a meeting May 31. Britain Bncks I J. S. in Stnnd Townnl Pence LONDON, flay -Great r.ntain joined Roosevelt today i ilh President, a common at- tiliide towards Luropean security demands. In a hisloi'ie pronouncement in Ihe House of t'omnionr-.

Sir John Simon, foreign rotary, announced Britain's unrnub-neal support of the Uniled Stales attiludo on "security pacts" and informed (he continental powers lhat P.ritain would assume no further 1han she has already taken to protect them from war. Agreement to Demilitarize Area Soiilh of (mtiiI Wall Mancliti Kmpire Looms WASHINGTON. May The American Legation in Pci-ping reported to th Slate Department today there "seemed no iloulit" lhat Hi" Japanese ant Chinese had a truce to stop fighting in the Peiplng area. nv Monpas .1. iiAitms SHANGHAI.

May 2fi -P De-snite slrict. com whip, and official denials due lo fear of the conse-ouences. there appeared no doubt today lhat a provisional Chinese-Japanese truce was signed at Miyun last night. The document was brief, provid- tn- only lor the cessation of nos- 1,1, tics through fixing of a line to which Cnmese forces arc to with- dr aw, leaving details to be arranged at formal armistice to be begun shortly. FIVE POINTS STRESSED IN AGREEMENT Representatives of the Chinese and Japanese commanders were believed to have reached an understanding containing the following points: i Chinese forces will withdraw the agreed line.

Until a formal agreement Is HMIIMA unmn, uni mi mrnnnn Tnimr 1 I MORGAN COMPANY The firm also received 714.000 op tion warrants entitling it to buy that number of common stock shares at $27.50 a share. "Each share had one vote," Howard said. "Who had control?" Pecora asked. P. Morgan and Company," Howard returned, while Senators at the long committee table leaned over to hear.

Earlier the "nvestigating com-(Continued on Page 2, Col. flow Many Dust Cotlcctors Have You Around Your House? Today 's Tribune Subject Theater' 28 Aviation 36 Classified Ad. 37 Comics 27 Cross Word Puzzle 26 Culbertson Contract 26 Editorials 40 Editorial Fea.ures 25 Fiction 26 Financial 31 Geraldine 26 Look Out. It's a Kack-t. ..13 Marine 36 Minute Mysteries ') A 22 Radio ,36 Society, Women's Events'.

.22 Sports Viral Statistics 39 1 0 How lung has it been since you looked really looked at the accumulation of furniture, tools," jelly glasses and what not in your basement or garuge? Arc these articles still usable? Sure they are, or you would not bo keeping them! Only, you do not use them, so why not Find buyers av Tribune Want Ad calL. LA keside 6000, order your ad by 4 "-) i on Page 1.