AMERICAN MONEY PLANS

Press, Volume LXX, Issue 21146, 23 April 1934, Page 11

AMERICAN MONEY PLANS

President's Stand on Silver Issue COMPROMISE OFFERED V (UNITED l'il'-.SS ASSOCIATION—r.Y ELECTRIC TELEURAI'II COI'YKIUUT.) (Received April 22, 8.15 p.m.) WASHINGTON, April 21. Mr Roosevelt received a delegation of Congressional silver advocates, but said flatly that he would not accept legislation to make the remonetisation of silver mandatoryHe reiterated that the problem must be settled on some sort of international basis, and offered to compromise by accepting the Dies Bill to accept foreign silver for American farm produce, and also to accept permissive legislation for them to remonetise it if they see fit. There is some grumbling among the advocates of silver money, but there is little likelihood that they will be able to radicel legislation over the P~r ,lint's hrar l . at

RAILWAY STRIKE THREATENED PRESIDENT'S ADVICE IGNORED BY MEN (Received April 22, 8.15 p.m.) WASHINGTON, April 21. Mr Roosevelt urged the railway unions to accept an extension for six months of the 10 per cent, cut in pay, the owners to pledge themselves to use the increased earnings for rehabilitation of equipment and extension of services to absorb more unemployed. The unions rejected the suggestion, declaring that the workers had lost faith in the owners and therefore demanded a return to the wage level current before the depression. If this was not granted they would call a strike.

REDUCING COTTON PRODUCTION CONTROL THROUGH TAXATION (Received April 22, 7.15 p.m.) WASHINGTON, April 21. The Bankhead Cotton Control Bill was signed by the President today. It is pointed out that this is the first attempt the Government lias ever made to control production through power of taxation. All cotton produced in excess of 10.000,000,000 bales will be taxed 50 per cent, of its market value for processing. VIOLATION OF CODE GAOL SENTENCE FOR I'RICE-CLTTING (Received April 22, 0.16 p.m.) NEW YORK, April 21. What is believed to be the first term of imprisonment for violation of the National Recovery Act was imposed on a tailor of Jersey City, who was sentenced to 30 days' imprisonment and fined 100 dollars for charging 35 cents to press a suit, compared with the code minimum of 40 cents. The tailor, who has a small shop and no helpers, said he supported his family on limited business which he was able to attract only by cutting prices. Big operators in court expressed sympathy but insisted that the law must be enforced.

LAW SUIT FOLLOWS LYNCHING VICTIM'S WIDOW SUES GOVERNOR HEAVY DAMAGES CLAIMED (Received April 22, 7.40 p.m.) SAN FRANCISCO. April 21. Mrs Evelyn Holmes, widow of one of the men lynched in November, is suing the Governor. Mr James Rolph. and others for 1,005,000 dollars damages. I Two men who had' been arrested on a charge of kidnapping and murder inf.; a wealthy young California!! undergraduate were taken from tho San Jose police by a large crowd last November, and lynched. Mr Rolph caused a storm of controversy by praising the action of the mob.l LEADER OF TAMMANY REMOVED (Received April 22, 0.16 p.m.) NEW YORK, April 21. After months of smouldering discontent Tammany Hall removed John Curry from the leadership by 1-t votes to 10, on a motion declaring the oflice vacant. No successor was named.