Oakland Tribune from Oakland, California • Page 15

A DAILY AZIN El (0M CHESTER ROW ELL'S COMMENT FAIR ENOUGH 6Y WESTBROOK PEGLEK 7VVJ TODAY AND TOMORROW THE NEW DEALERS BY THE UNOFFICIAL OBSERVER i I I L1PPMANN BY WALTER si An Uncompleted Task TNr resisting the silver movement dependent, upon Mrs. Roosevelt Gives Newspaper Women a Place In the Sun But a Baby of the Tack-Eating Stage Gives Average Mother a Full-Time Occupafon NEW YORK. N. April 28. As a newsmaker, Mrs.

Roosevelt ranks among' the greatest of her time and is the only woman, so far as my knowledge goes, who has ever been regarded as a regular news' assignment, no more safely to be neglected for a day than the county courthouse, police headquarters or the city hall. She commands the attention of corps of lady journalists in Washington and on her travels, and hy her brisk, newsy activity has created jobs for newspaper girls which did not exist in times when ladies of more retiring disposition lived in the White House. The lady journalists have established a distinct corps of their own in Washington, covering Mrs. Roosevelt and Mrs. Ferkins of the Department of Labor.

Male Correspondents Mijrht Be a Bit Self-Consciou FOURTEENTH INSTALLMENT (Copyright. 1934. for The Tribune. i M' AGILL was equipped tn plug the hole in the dyke through which our big incomes bad been pouring in a torrent of legally ins) 1 fieri tax exemptions. However, the real test will come on the issue of revising the whole Federal Tax system and increasing the levies on big incomes- and in-hei 1 ances.

Until I hat time comes, il is impossible to say whether Morgenlhau is- a liberal who is will-ing to use the tax system so as to revise the economic system or whether he is merely an able administrator whose ideas on taxes do not differ greatly from those of Ogden Mills. Then, too, will be the test of Magill's ability -if he stays that long. When Morgenlhau took charge of the Farm Board, he went in search o( a personnel man. As usual, he I wanted "Hie best man," and found I 1 1 i 111 in the person of William II. McReynolds of the Budget r.ureau.

who had been in the Civil Service for years. Tall, slender, thin-faced, round-shouldered. McReynolfls is" Mor- fenlhau's goad for minor officials. I His job is to counteract Hie deadening effect of Civil Service on individual initiative and to keep Ihe Treasury employees on their Iocs For-this purpose, he ha' been given the position of special assistant to Ihe Secretary of Ihe Treasury. Not one of these key men owes his job lo political influence.

In fact. Morgcnthau's indifference to politics is responsible for his one had blunder. tj I business Relations ML At Press Conferences Conducted by President' Wife I have never made an effort to crash one of Mrs. Roosevelt's press conferences, but I was told that they were for ladies only, and certainly the impression was conveyed that a gent would be too greatly Outnumbered on one of these occasions to enjoy being present. Gents do embarrass a little more readily than ladies.

It seems very unlikely that any discussion would lake place al one of Mrs. Ronsevelt'a interviews with the press which should rause any fairly well-poised male to blush or simper, but the mere fact of his being outnumbered might put him off his ease. A lone lady correspondent among a crowd nf gents, on the other hand, dors nol seem at all aware that she is outnumbered. The girls are capable of a perfect professional calm in such circumstances, and evfn a lady loner "rnvrrinq a suburban torrh murder generally goes about her work with a concentration which completely ignores ratio. If It Is Correct That Girls and 1 Boys Have the Same -By John Hix Interests It Is Worth Looking Into a Little Further Now Mrs.

Roosevelt has remarked that women had developed an interest in big affairs of the world which crowded over beyond the boundaries of the conventional so-called woman's page and the society page, and were, generally speaking, of the same public, with (he same interests, as men. If this is correct it should he worth a follow-up story, because the idea was prevalent until Mrs. Roosevelt raised (he doubt that the girls and the boys were two separate and, in a general way, opposed groups, with many separate interests. F.xamining Mrs. Roosevelt's speech I begin to realize that the girls actually have invaded those pages of the papers which, to the extent that they were not called women's pages, might have been regarded 'as gents' pages.

They know much about sports nowadays, although I think their interest in baseball, football and hnrseracing is still unimportant as compared with the obcession of a far greater number of gents. needed to be. In fact. Spracue was enough of a liberal to be in substantial agreement wilh Tugwell on many fundamental points. Real brains, combined with real liberalism, are (00 rare in this country for the administration to lose the support of men like Spracue who happen to be in disagreement with minor points in a major social program.

New Deal's Family Critic The survival of Lew director of the budget, and a few others of the "go-aloii-i" school of practical financial politics, illus-Irates the value to the administration of keeping an eflcelivc and critical opposition alive within its own ranks. With the temporary abdication by Congress of its deliberative func-I lions, the function of criticism and opposition to policies-in-the-niaking on the bin eauci acv This is the barest lesson for bureaucrats and politicians to learn. For this reason. Spragur's resignation is a rcaMoss and the presence of Lewis X. Done las is a real gain tn (he Administration.

is Ihe leader of Ad-mui istral 1 ve oppo-ttinn to the implications of the New Ileal. It is a delicate role hut a vital one. Without hi? vigorous and continuous crilicism the Administration policies would be inadequately armored againsl attack from the Old Guard react innartes. Pouglas got into the Administration because he was a man whu believed in saving Government money and in fighting for what he be- Moved. 1 In his kite thirties, he made his in Congress as a biidgel-1 balancer, a young, fighting.

Ivvo-i isted epi cscwtal i vc from Ai'mina. Wall Street greeted most Hooso-" -It's Cabinet appointments wilh deafening silence, but it cheered itself hoarse when Douglas was named Director of the Budget. Responsible for Economy Bill The F.eononi.v Hill was Douglas' handiwork and his one and only Ii iiimpli. II was al ii a triumph for Itoose-vrll. for il lured In bis support ei'iuenls' which etliervvi-'C ive-oppo ed the pi opo al to grant liim wide discrct lonai powers.

Once lhat was accompli' hod. flnose-vell readily admitted thai Ihe Feonmny Act cut a litllc loo far and consented In its modification. Mouglas wanted bmi to stand pat and use Ihe veto, but Roosevelt u. ed minor concessions to the veterans as a means of luring the radicals also into line Doug bis is an extremely intelli gent and able man. No one in the I Administration has a heller brain.

and during i oiening months he was rr-vular member of Ihr I'resi-idi'iil's hi ilsine cabinet, along ith I I uis 1 lowe and I 'I'ol'essnr Moley. lie was usd as conservative ballast. He was al liral Ireely mentioned as Woodiu's probable successor as; Secretary of the Treasury. His budget policy made such an appointment impossible. Saving money was all thai mattered.

Back of this Scotch mania for saving, Douitlas had a very highly developed economic philosophy, which was the reverse of the New Deal at almost every point. Continued Tomorrow.) Cause Detonations policy with a clear conscience. In He needed an "issues man'" lo fact, it was understood behind Ihe help wilh Ihe Treasury financing. scenes that he had refused to sign Wall Street is the only place some of the ueee. sai papers con-where you can find a specialist in neetcd with the measure, insisting field, so Ilenrv called on his instead that Wood in should do it.

in Congress it, would be a pity for the rresident tn give out thej impression that he regards further) monetary action to break the de-, pression as useless, some such mi-; nrt-icinn Vi hni.n r-si in I Ins newspaper dispatches. There are. to be sure, excellent reasons for objecting tto the present silver proposals. Technically tiiey are among the poorest which have been discussed in Congress, and furthermore, any measure in the field of money which is compulsory is unsound. To have a Congressional majority lay down a fixed rule as to what be done in uncertain times as thisse.

and then go home, is a risky piocedure. If the President can be trusted to manage gold, he can be trusted to manage one metal and not about the other is no way to git a coherent national policy. Rut when all this has been said, it is still neccs-aiy to rrrngnie that we are in the early slagc- ol monetary i rciW -Iriiel ion after the greatest monetary debacle in modern history, and that the Congressional sentiment for inflation is on that fact. The methods put forward at the moment may be poor ones, the mandatory procedure may be very bad. but the impulse arises from the real nerds ol the people and calls for positive satisfaction.

Obstacles Raised to Expansion of Credit There are two directions in which constructive measures have still to taken. The first of ihr-e is to make ellectivc. under careful cun-Irol. the effects of, I he gold devaluation. Uy thai measure we have made possible very great expansion ol the supply of money.

But Hie expansion has been inconsiderable and ought to be greatly increased. It cannot he accomplished by Government spending alone. It. can only be accomplished in substantial amount by loans from hanks to producers and by the sale of mortgages and securities. To this expansion.

In this credit inflation or reflation whatever may be the proper name for it thrre are certain obstacles. There is the Securities Act as it now stands. There are certain feature of the Rankin Ae which disrupt the mechanism for underwriting securities. There may he some a' peels of thr Stork Exchange Bill even in its amei rkd form, fhough that is less eleai. There are those pohries of NRA which raise oust rud inn costs and therefore discourage new enter-piisr.

And then their is a state of mind, always latent in the Federal Rese' ve System aM in the Treasury, which dispnVs those who manage our money 'to shut down on expansionist policies when Ihey are beginning to take ofloct. This has happened two or three tunes since and there are some slight indications, that is might happen again. In any event a bold, consistent policy of credit expansion is needed to make effective what the gold devaluation made possible. Such a licy calls, for I he amendment of those laws which obstruct il and then a resolute use of Hie whole mechanism of credit expansion. We niii-l not hi the theoretical of too much cirdil inflation oh ine tlv a I a I dinger, and no "iio" id Hie donation which still ('VI.

Is. Sections Dependent Upon Sale of Goods This is the immediate task before us and it ran promote a very considerable revival. Bui it is not likely tn bring full recovery. For. since laree sections of the country are I They gambled on storks when thr boom was and they probably know as much right now about John Dillingcr as the gents.

I am willing; to concede that they arc a little more up to date, say by one or i iriii-iiiiiuuiin, uiuii iiic ineii, un iiic great luiiiauuc. irageuy Ol ins rickford-l'airhankses. Husband More Than Likely to Be All Burned Up Over I Opening of Trout Season When the Linen Sales Begin I Rut until the proof is offered in some belter form than a general opinion' based on personal Idlers from ladies who would seem not to be typiql, if there is such a creature as a typical lady. I have to believe that ladies are ladies and gents are gents. He will be all nf abother about the possible significance of the new British naval base in Singapore, when the little woman is much more ronrerned about the proximity of first base in the backyard to the kitchen window and the foul-fly that landed in the jelly, A hahy alnnr tnwarfl the tack-eating and door-slamming age Is full-time preoccupation for the one who Is in personal charge, lesvinx her very little interest to spare, on foreign policy.

If she has any interest lo spare I think she would prefer to use It on something important, such as the linen sales or Ihe furniture sales. And Just About the Time the First-Born Is Able to Find Way Around Another Little Appears 1 don't think many men could snap out right quick the answer to the question "When ere the linen sales?" and when the baby has passed tjie tack-ealing and door-slamming stage, and she might possibly begin to catch up on her reading about Ihe real merits of the airmail thing, why, what-ho, who can this be but another little tack-eater and door-slarnmert I think Mrs. Roosevelt may have been too much impressed by the sort of letters which are written by the sort of ladies who write letters to the wife of the President. As to most of them, mother's work Is never done and there Is almost always a light murder or a Hollywood divorce in the papers to ease a mind fatigued by problems that really matter. Mrs.

Roosevelt also- said women were less interested in matters Of currency than men. That would be news. K'opvritflil, IIVI4. for The Tribune. THERE is one aspect of the pffianial garbage war in San Francisco which has so far escaped attention.

That is the service which the "fill and cover-' method may render to future archaeology. For the principal sources of our 'knowledge of the remote past are its rubbish heaps. Whpn Grote wrote hi? classic his-lory of Greece, he began with the earliest documenls. arvi had tn discount the oldest even of these, being poetry and mythology, as fabulous Since then, nut of the debris of Mycene and Crete and the garbage-heaps of Athens, we have more than doubled the length, and vastly added to the detail of our knowledge of Greek historv. a THK annals of r.I noan and Etruscan civilization have perished or are illegible; the very tradition of the earlier periods of Su-merian and Assyrian life had been forgotten, and the cave' men, the lake dwellers, the pilers up of kitchen middens, and the American Indians never had any annals to preserve.

Yet out of their rubbish heaps, their garbage and excrement, we have dug up the story of their lives, their their progress and their destruction. Bones and potsherds, broken utensils, all manner of discarded trifles, fragments thrown into wells, or rubbled into fallen walls, the thing? worth nothing to their owners but In be thrown sway, these are the materials out of which we piece together the picture of the past. 0 0 SOME day when, San Francisco ha? gone the way of Nineveh: when everything written or prinled of our time has gone to join the library of Alexandria: when our only remaining documents are the giant sculptures and inscriptions of Guton Borglum. carved on gran-He cliffs, as mysterious as the statues of Kaster Island, the drivers of the hundredth century may exhume from our "fill and rover" garbage heaps the sole mementoes of our time. From half-fossilized bones and vegetable tissues they will conjecture what we ate; from impacted masses of paper Ihey will conclude that we were a literate people; and from our imperishable bricks and tiles and broken dishes, from bits of di -carded Ibis and that, they will reconstruct our lives and what tnan-nrr of pirn we 'itit.

The e. and our our may be all that remains of ir. for the enlightenment of our remotest po--teritv. 0 0 0 1AM ennvinrcd." Alfred Sloan president of General "that from every fundamental standpoint, the real interest? of both employer and employee ran best be promoted through the route of the employee rni-rsrnlation plan" romnany union'. Vn doubt! Sloan "rnn-vircd" of Ihi-.

Bui suppose the rpipl, rrc- CO 11 1 i ('('( OtlUT" VnnviclUm" -lv-i'l dr bow the implovecs shall be rrpro: cnted or Mr. Sloan's? 0 0 0 THF. employees, fur Instance, might be "convinced" that it would be best for General Motors that sour body else be president of it. and tliiil it have a new board of directors. They might even be "convinced" that it would be better for it to break up into its original in-lead of remaining a nationwide or ion.

Thov might prefer to deal ill) it the li "ii some Mm- nn i ii i ii i. I rai i -I a rather than 'hrotigli an "out id'" attorney cho: i by Mr. Sloan Rut what bn would il be of F.von if they were correct in their judgment, would it not be the right of the employers to he wrong, in choosing how they wished to be organized and represented" And i. not the argument equally ood in the reverse direction' 0 TfK United Railroad of San Frunriseo have reached that conclusion. After year? of refusal, they have now consented to permit their employees who wish It to organize under the American Federation of Labor.

It is not that the managers of the United Railroads are "convinced" that this is the best way for the employees. Much more probably, they retain their original conviction that it is the worst way. What they have concluded is that employee representation is the employees' business, and that in this, their business, they have the right tn be wrong. a ONLY one more step remains, and this will doubtless be learned, not in the easy school 'of logic, but in the hard one of experience. That is that the same rule must apply to both sides, in the matter of minority representation.

If it is right, as prescribed in the NRA codes, that the organization to which most of the units of an industry belong shall represent and determine the conditions of them all, then it is equally right that the union to which most of the employees choose to belong shall represent and determine the conditions for the rest. Or, vice versa, if any minority, however small, of the workers, is entitled to its separate organization and representation, then the same principle should be apnljAj to 0 Tie 'logic is clear. But the test will be experience. When the minority representation rule. adopted to slip in the "company union" alongside the Federation one, turns out equally to authorize the IWW -union, for the radical minority, and collective bargaining turns out to be unworkable when the bargainers are separate and warring groups, then the employers will themselves insist, for the workers, as they have already done for them-lelves, on majority rule.

NEVER LIED TO HIS WIFE SPRINGFIELD, Mo. Marion Baker, of the city fire department, has a domestic record he offers anyone In thp. country to challenge. Although married for '14 years. Baker claims that he never told his wife an irntruth.

That, is an almost impossibility-, he asserts, but he has managed never to lie to kcr. the sale nf goods that go into world markets, since the country as a whole is dependent upon the prosperity of all its parts, the level of world prices is a matter of great concern td us. That level is not rising much, and it cannot be made to rise by the expansion of our own credit. It does not rise because the international cold panic has not been overcome. The world's roUI supply, hich is the base of orld prices, is cornered in a few countries and hoarded by central banks j5 and by individuals.

I Gold, therefore, has an exorbitant value in terms of all other eom- imidities, which means that gold prices are stagnant at a very low level. Until this abnormal condition I is cured, there can be only partial revival of internal trade in coun- tries that are managing their money. but no real revival of world tradt and no real rise of inleination.il prices. New Mines Would Break Gold Corner There arc several ways in which this condition could theoretically be cured. One way would be the pit -pension of the gold standard in all countries, and the refusal nf central hanks to buy any more gold.

The value of gold would collapse and world prices would almost certainly rise. This, will not happen, however, fn; the people? of the world are more attached to gold than ever and will not slop accumulating it if they can. The corner in sold would alsn he broken if great new gold mines were discovered as in Ihe fifties and a.ain in thr nineties. If treat quantities of new gold were brought forth, the value of gold would fall and the value of goods measured in gold would rise. Kill no new gold nil lies are in sight.

So that is not likely to happen. It is here thai the silver advocates a their strongest case. They say: Gold acquires ils chief value from the fact that il is lawful money: make i l-v lawful money in some ratio to gold, fixed or fluctuating as seems expedient, and silver, having become interchangeable with gold, will become an equivalent for gold. The monc-tialion of silver would have the same result as great new discoveries of gold Thai is to say it would raise world prices. Opinions Differ as To Best Procedure There are real differences of opin-Tnn among students of the problem as tn whether nne country, like the United Stales, could safely remnn-rtue silver by its own action.

There are differences of opinion as to what Ihe ratio of silver to gold ought to be. as to whelher it should be fixed as il used to be when we bad bi-niolallism, or whether it should be fluctuating as is proposed under Ihe so-called Janney Plan and embodied in Hie Fiesinger Bill. There are differences of opinion as to how great would be the effects of remonetizution at different ratios. 'There are differences of opinion as to how the thing would work in a world where central banks can impound and sterilize the precious metals. I hcsc are the chief points remain lo be determined in framing of a policy.

But there be little doubt that a policy have In be adopted. It is not that the can will sonable to suppose that nothing will be done In raise the world price level by monelaary action or that anything so important as Ihe silver exchange will he allowed to remain forever at the mercy of political agitatinn and private speculation. Tnnvnght. I1M. for The Tribune form or another.

He tells us that "all the hypocritical moralists and social reformers who wish to be something else aril merely beasts nf prey with their teelh drawn who hale- the others, fearing their attacks which thev I hemsflvf. to avoid." it is his conviction that "a long war few men can stand without demoralization; a long peace nobody could stand." These brief extracts give you some idea of the underlying thought in Spengler's book. He wants a 1 line of new Caesars who, moreover. he confidently predicts will come. 1 "The London Spectator" terms his utterances "bladerdash." Rut they are also "bad medicine" for Ger many's flarhing youth.

Christ said "Suffer Jhe little children to come Unto me," but Spongier says, "Bring the little children to Ihe god of war." tk Minus inn small none tor any power except Germany, to which one is tempted to retort that the rest of the nations may well pray for her deliverance from Spengler's nightmares. Democrals are missing the leadership of Senator Joseph T. Robinson, Democrat, Arkansas, who has been called away by a death in his family. Senator J. Hamilton Lewis, Democrat, Illinois, majority whip, nominally should take over the reins, but the Senate hasn't quite carried on in the usual manner since Robinson has been absent.

0 0 Happy hunting for the Indian as in the days of the Old West will become a reality if the government achieves its aims. Buffalo, deer and antelope wlil roam the tribal lands wilh the Indian as the game warden under plans of Secretary of Interior Harold L. Ickcs and Indian Commissioner John Colder. The project is being inaugurated at once. i An area 3600 acres is being fenced on the Pine Ridge Reservation in South Dakota.

A herd of 50 buffalo. will, be there from Yellowstone Park. Antelope, deer and elk also will be distributed. STRANGE AS IT SEEMS Prof. George F.

Warren lias instructed llie New Healers in some fancy lucks Willi tlie co-lar. gav the impression ttiat he thought that Roosevelt was both Stupid end itjnn'ranl. Acheson Calked At Gold Purchase Dean got along pretty well as uuder-srercl ,11 to Wnodin for several months, until he took the difinitc po, ition thai Ihe gold purchase plan was i 1 1 I lie was eiiipiiaiu 111 ins views iliai lie Lhviunsiv could not cany out the I So out lie went and without cere- 1 moiiv, except a remark from The While House that he was "a nice boy" but that be didn't know what it was all about. There was a good deal of sorrow in Die adnuui (ration over this political exeeiil ion. Arheson popular and hi- hunii public anil he did not a Idler of 111.

inks for hi hard hi k. 1 Invvcv ei liauon was ven I'eeeivi niont ol il Ihe line Ihcre wa a lion-; i o.r on lo believe that he was Ihe souice through which a Id of a 1 1 a I ii I 1 1 1 1 1 propaganda as mil of the treasury, lie wasn't, being a gentleman, bill what Ihe public did nol know was lhat Roosevelt had interpreted his atlcnipl lo obstruct the gold policy, not only as a menl on principals but as administrative revolt. In some ways Acheson' aeree-an act ol uncrre-para'iil ii on Ihr i monimis capuai ion wa i lo the ceri niooial hai i-k; slops Ti in p' rtorinod by Profi's Spr.r: lie. Profe.ssor Sprague Side-Tracked While preparing fur the London Conference. the administration looked around for an expert in monetary matters in order to bolster up young Warburg who had hitherto faced single-handed the experts ortlfe lirilish and French treasuries, neither wisely nor too well.

The administration hit on Dr. O. M. W. Sprafiue, former professor of hanking anil finance at Harvard, who was then serving as ccommoc adviser lo Hie Itank of I'tiglaml.

Spra- ue a one of our leading anl hi a 1 1 ie mi 'I in" and 1 1 nance, Ite hail Mirorilnl anullier Ami i lean prnfe iir Montagu Sec -rotary of Stale for American Affairs, be possessed intimate knowledge nf the workings of European central hanks, and was presumed lo be familiar with the intricacies nl international exchange and the sub-leties of the British half billion dl-lar exchange equalization fund. Willi the help of Felix Frankfurter, Ihe Roosevelt administration persuaded Sprague tn givr up a salary nf five thou, and pounds sterling in order to return and serve his country for S'iOOO although no one would he surprised to learn that this salary was supplemented out of Ihe pocket of Hill Woodin. Sprague reached Washington just in time to turn around and go to London. He got entangled In the temporary stabilization scheme and, at the end of the Conference, was out of the While House picture, where he was su peeled of having played too close to Montagu Norman. In the Treasury he worked out Hie Liberty Loan conversion scheme which was hopefully iuleiprclcd by Wall Street as implying a return to "sound money'' only lo be slood on his ear by Ron1 cvcll's announcement of the gold purchase plan.

Finding himself on a side-track when he thought he had been on the main line, Sprague resigned with a public letter which warned of disaster from the gnld plan. Then he wrote a series of newspaper articles setting forth bis own views and returned lo Harvard to teach. He is fil years old. Real Brains Still Rare Commodity He was quickly forgotten, but his rcsignalion was an unnecessary loss to the administration. If he had been given a little attention, he could been usefully retained-He was in sympathy with the objectives of the New Deal and, far from being the rock-ribbed conservative which the Old Gang strove to make him, saw no necessity for balancing the budget in time of depression.

He thought, in fact, that the government ought to spend a lot of money and get it back by taxation in limes of prosperity. And he saw slum clearance and the development o( belter housing each of them a challenge to some of the dirtiest rackets in America as one of 'the great opportunities- for expanding purchasing powc. He was. a real inflationist who happened to disagree with the gold buying prog-ram, and his personal irritation, at not having been consulted probably made him more-vehement on that, point than, tie REV. S.

PARKES CADMAN I personal friend. Karle Hailie, a partner 111 J. W. Seligman cv Of Bailie's competence there was nil question, hut Senator Collens. the peppery Liberal Republican from Michigan, and many young Liberal lawyers in the Administration dctnnaled over his business ihr Seligman firm had been exposed by Senate no ligation as peculiar in its methods of American financing.

So ('niieos aj, flnvvn Ihe law lo Morgenlhau. Haihe did a beautiful ieh on the difficult mid-Drermhor financing and proposed a scheme for linking income lax evasions more difficult for the highrr brarketeer. but; he could not make his peace wilh the opposition. When Morgenlhau was up for Senate confirmation in January, il was made plain to him that he would nol get the portfolio unless Hailie got Ihe boot. On Ihe same day that Morgen-lliau's name was recommended for confirmation 'by the linancr Committee.

Hailie re-sis lied. He had intended to stay six months. He stayed six weeks. When a Wall Street hanker can't (tet a financial job in Washington, there has been a revolution. Sets of Casualties Shot With Gold The financial enrl of the revolution began with Ihe depinlure from Ihe gold standard.

Su, a revolution could not fail tn nianv to Ihe psychological guillotine, and gold ha-, in fact, taken two sets of i uall ie- from Ihe Hon evcll rank The fn I casualties were several indi' idnal ho names showed up on Ihe of big gold-hoarders. They were on the gold list, which is equivalent tn being on Ihe black list. They had showed their lack of faith in Ihe New Heal and in Ihe Government itself. The second set of gnld casualties developed from the furious struggle with Ihe Administration over the gold standard, the most notable victims being Dean G. Arheson, Under-Secretary of the Treasury; Or.

O. Sprague. who was brought over from the Bank of England lo be special adviser tn Hie Secretary of the Treasury, and James I'. Warburg, the ilew York banker who was for a lime identified as a member of the Brain Trust. Warburg Wanted Stabilization Jimmy Warburg was another illustration of Ihe complete inability of a Wall Street banker to serve Hie New J'al.

He was not a stand-pat banker. He favored reduction of the gold coverage of the dollar and the use of silver as supplemental coverage. He saw that Ihe old simon-pure Gold Standard hadn't worked and wanted to invent a new one. He is a keen business man. wilh direclnr-ales in many corporations, an international banker and an officer of Ihe International Acceptance Rank.

Wilh expert knowledge of a highly-specialized financial field, he impressed the Roosevelt crowd, who were innocent of the intricacies of international finance. Warburg used his position to fry to get the dollar stabilized. Instead of acting as an expert, he tried to roll his own policy. He tried to get Roosevelt to stabilize Ihe dollar at about M.Ki, then at $3.85. and then at $4.00 to the pound sterling, and then tried to get Roosevelt to approve "de facto" stabilization schemes.

It is a mystery why Roosevelt kept him as long as he did, as it was perfectly evident that he was incompatible with the New Deal. -At the London Conference, Warburg worked endlessly to stabilize or steady the exchanges when Roosevelt was deliberately letting them find their own levels When Warburg came back from London he found himself out of the piclure. He 'was brought in on a few occasions by Roosevelt to show there was no personal feeling, but in the autumn he again went to bat for international banking stabilization. He had the nerve to talk to Roosevelt "like a. Dutch uncle" and succeeded, in ushering himself permanently out of the White House: He Von have referred to Oswald Spengler as a German author who believes our Western civilization is on the tohaggan.

What are his reasons for "liifc.Jielief? Spendler is convinced that every civilization runs its appointed course of youth, maturity, senility, decay and death, and he asserts that ours has reached the decayinX stage. His argument for this statement is based on the historic declines of earlier nations in the past, Ihe instances of Roman and Greek dei dence being relied on as examples supporting his theory. Bui he has gone further still in his latest book, the title of which. freely translated, is "The Decisive Years." Within a few weeks of its. publication forty thousand copies of this volume were sold.

It is os- tentatious and shoddy in though I and style, but it goes down with his countrymen like hot rakes. He asserts as his main premise that "man is a beast, of prey," and reiterates it again and again in one I i 1 1 1 1 1 iWi OReWOf 3... MAP'S A U-I1rbb-Mtl -fJ Vb ttOiR, RUNNING 1FW Ti Vfll back 7D TrK jqw, ii tfu nation K'niivricht. 19:14. tor Tin Tribune.) (...

Arthur Haufe a very large needle unbeatable IN WASHINGTON 9J Vf mJ tvwes iMA ,3 sw6Z nipple 1 I WASHINGTON. The Senate, seems to be losing its popularity with visitors. With the largest crowdsjn the capital in years during the Cherry Blossom festival, the gallery remains virtually deserted. Even Senators unable to muster enough interest to sit through long debates. While Republicans held the floor recently, five Democrats sat across the aisle, shuffling papers, talking a themselves, but never giving the slightest heed to the minority speakers.

Senator Simeon D. Fess, Republican, Ohio, made a long speech, assailing air mail policies of the administration. Senator Wallace H. White Republican, Maine, sat nearby, prompting the speaker when he felt his aid was" needed. Senator Warren R.

Austin, Republican, Vermont, was interrupted in a lengthy speech by a motion to adjourn. He continued his discourse when the Senate met the next day. 7 used machine twist thread and. when he set out to establish an needle-threading record. At first he put' nrm i 4 41 ned STRANGE as it seems, the popularity of prizefight-, ing in Ireland, where men arc noted for fighting, was brought about in the lale eighteenth century largely through the efforts of Daniel Mendoza, a fighter iH Jewish descent.

MeilUjcr who is regarded by some auihorities on pugilisnPsjory as the father of scientific boxing, appeared in Ireland in 1791 on tour with Astey's circus. When he arrived in Dublin he opened a boxing school which accounted largely for the sudden increase in interest in boxing, in Ireland. Many of the "fighting Irish" of the ring took their first lefsons Under the direction of Mendoza, and in his school. tuu imcuus uiLuugit avaj si iiinc, uien iuu more in one group ot 100 and three groups of 50 each. The last 140 threads were -put through the needle in pairs.

i-- v. Dee Wite's 4468-mile trip started at Detroit, went by way of the Great Lakes and dowA the Hud-eon River to New York City. From there the litis boat followed the cTast down to New Orleans, ar i then continued up the Mississippi to St Louis,.