DAILY TROJAN, Vol. 29, No. 74, January 25, 1938
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Editorial Offices Night-PR-4776 RI-4111 Sta. 227 SOUTHERN DAILY CALIFORNIA TROJAN Volume XXIX United Pres* World Wide News Service Z-42 Los Angeles, California, Tuesday, January 25, 1938 Number 74 Class P/epares ew Bill NEW DEALER? New Deal Foe Plans Legislaiion To Purge Bank Holding Concerns WASHINGTON, Jan. 24 — (l'.E> — President Roosevelt’s drive against bank holding companies took an unexpected turn today when Sen. Carter Glass. D.. Va.. usually a foe of the New Deal, disclosed that he is preparing legislation to purge all such financial units over a five- j year period. Glars said he has discussed his proposal with Secretary of the Treasury Henry Morgenthau, Jr., I but has not. yet taken it up with! the president. Morgenthau, declaring himself in “complete accord"! with Glass, said a sub-committee of i the inter-departmental banking committee will meet this week to discuss legation aimed not only at banking holding companies but similar companies in the utility industry. "UNHEALTHY SITUATION” The cabinet officer described as “an unhealthy situation” one in which holding companies are allowed to hold bank stock. The extent of these holdings was revealed in a survey by the federal deposit insurance corporation showing that . 23 major bank holding companies, through 400 banks, control one-eighth of the total deposits in the na‘ion's 15.000 banks. Meantime, Robert H. Jackson, assistant attorney general in charge I of the New Deal's trust-busting campaign, and Benjamin V. Cohen, roung administration lawyer who participated in the writing of the public utility “death sentence” act, ronferred with the president. They k-ould not sav whether thev dis- Relief Asked F.D.R. by President Asks Support Of Fund to Aid Civilians In China V/'ar Zones FRENCH SEND STERN WARNING TO SPANISH AFTER BOMBINGS PARIS, Jan. 24 —(U.P.)— The French government today warned the Spanish nationalists, coincident with a bombing attack on a French torpedo boat, that further bombings of French territory will bring armed retaliation from artillery batteries and fighting planes. *— Edouard Daladier, minister of co ordinated defense, was instructed to hasten reinforcement of anti-aircraft defenses along the Pyrenees fronfier to give full force to the threat, if necessary. BOMBS FALL ON FRENCH SOIL The warning was delivered to Reformation of League Opposed WASHINGTON, Jan. 24 — <l*.P> — President Roosevelt appealed to the nation ton:eht through the American Red Cross to donate ‘ promptly and generously*’ at ;east $1,000,000 for the relief of Chinese civilians Generalissimo Francisco Franco’s who have been deprived of their'Salamanca headquarters by French livelihood by the Sino-Japanese consular agents after the border war * | prefecture report that, during yes- In a letter to Admiral Cary T.! tPrdarv’s nationalist air raid on the Gravson. Red Cross chairman. Mr.! sP£nish town of Puigcerda, Rnnseveh said he ic “-^fidpnt”i bombs fell on French soil. RooseveL said he is confident Thg prQtest tQ Salamanca was British and French cabinets, meet- lodged. however, before word was ing simultaneously tunignt, decided received in Paris of today's nation- upon a joint policy of opposition to alist airplane attack on the French ! any “hasty and dangerous reform” French and English Form Joint Resolution Concerning Peace Body 24 — (U.E) — The LONDON, Jan. Senator Carter Glass, administration foe, who has joined with F. D. R. in the fight age:nst the bank holding companies. treme distress of millions of civ people in China.” ACTION UNPRECEDENTED Grayson said he had instructed the Red Cross' 3.170 chapters to take immediate steps to raise the fund. The president's action in seeking Mozart Work Scheduled Listening Hour Also Programs Brahm's Fourth Symphony to Grayson, the Respite the government victory in be oil trust cases in Madison. Wis.. ne still feels that anti-trust laws peed to be amended. Interest in Glass' proposal was heightened by the 30-year-old Virginian's bitter animosity toward the [naior part of the New Deal's re-orm and recovery program. He fought the NRA and challenged the composers featured on the program government to try to impose its re- last week, is a modern writer. Var-trictions on his Lynchburg. Va., iations on a Nursery Theme com-[ievvspaper; he branded the govern- posed by this Hungarian musician nent's eold policy as ’ immoral." and will be played tomorrow, failed angrily into the administra- medical help. In his letter President said: “There is. I am confident, a widespread desire on the part of our | citizens in every section of the country to contribute to a fund to aid j in meeting the extreme distress of ! millions of civilian people in China. I feel that our people are deeply I sympathetic with those in need in | this situation and will wish by their I voluntary contributions to take some ________: larger part in aiding in this hu- In the 19th century. Johannes manjtarian task in which the people Brahms revived an interest in of manv countries are participating, chamber music which had died with Beethoven. The Symphony No. 4 which will be given at the Listening Hour is on the old form of variations on a theme in the bass. Ernesto Dohnanyi. one of the Chamber music, a form of com-russed currently reported plans for position which is having a renewal : m inquiry into alleged monopolistic of mterest with the approach of the ! yr?ctices in the motion picture in* coolidge Chamber Music festival in ! lu.'try. Bovard auditorium next month, will ; INVESTIGATIONS MADE be presented at the weekly Listen- Asked if movie operations are be- ing Hour concert tomorrow at 3 I ng surveyed, Jackson said a “lot of o'clock. hing.1- are being in\estigated b\ the Mozart was the great exponent of department of justice, but that it this styje 0j music during the 18th rould be “unfair to any industry" to century. His Quintet in G Minor [ ingle ’t out before an official an- be plaved tomorrow by a string ouncement is made. He said that quartet with an extra viola that there is a “widespread desire on the part of our citizens in every section of the country to contribute to a fund to aid in meeting the^ ex- torpedo boat La p0Ursuivant, off I of the League of Nations when the Cerbere while a sea and air battle j league council convenes in Geneva was in progress between National- j Wednesday. ists and Loyalists. | British Foreign Secretary Anthony WARNS BOTH SIDES ; Eden and the French foreign min- Th French protest said that any j ister, Yvon Delbos, who will confer plane—either Nationalist or Loyal- in Paris tomorrow, are expected to ist—which ventures across the bor- ! make declarations before the counfunds 'lor foreign relief durinp der again immediately will become cil that Britain and France want to armed conflict, was believed un- the target of French guns and 1 avoid using Geneva as a battle-precedented since World war days, fighting planes. j ground for Europe’s ideological blocs. MANY NATIONS AID The action was taken after con- j (There have been charges in the Grayson said" the fund would be sultation among Daladier, Minister Italian press in recent weeks, fol- expended in China under super- of Interior Albert Sarraut, and For- lowing «--1 vision of an American advisory com- ei&n Minister Yvon Delbos. mittee appointed by American Am« I SITUATION TENSE bassador Nelson T. Johnson. He, Additional army planes were sent disclosed that during the past six to the border with orders to go up months the Red Cross made avail- J and bring down any Spanish planes able $181,000 to Johnson for similar crossing the border. Spanish mili-work. He said that the “hardships tary planes which cross the border faced by the Chinese people have but do not attack will be forced to so greatly increased in the past few land. At the same time, however, weeks” that Red Cross societies of anti-aircraft gunners were instruct-many nations had rallied to provide ed to “shoot to hit” any foreign funds for food, clothing, shelter, and plane flying over the border. The situation was made more tense by reports from Marseilles to Japanese Head South Planes Wreck Chinese 'Life-Line' in Attempt To Cut Off Hong Kong SHANGHAI, Jan. 24— (U.P)—Japan carried her war against China to the south coast today, sending fleets of bombing planes to wreck the Can-ton-Hankow railroad, China’s “life j line,” and attempting to cut off rail coommunications with the British | crown colony of Hong Kong. For nearly nine hours Japanese airplanes, working in relays, bombed stations along the Canton-Han-kow railway and then cut across and bombed the Canton-Kowloon line connecting Canton with Hong Kong. LONGEST ATTACK It was the most prolonged attack suffered thus far in the Canton | area. The raids started at 6:30 a. m., and shortly after 9 o’clock a ‘ squadron of Japanese planes bomb- j ed Kongtsun, five miles north of : Canton. At noon another Japanese squadron bombed the northwestern suburbs of the city, dropping 14 bombs. More than 20 persons were reported killed in the raids on Canton’s suburbs, which drew heavy antiaircraft fire. United States authorities meanwhile were reported to be planning to reduce the American military forces in the Shanghai area by 50 GIVES PRAISE Sheriff Eugene Biscailuz, who in a radio interview yesterday praised Troy's "Fight Paraly- Italy’s formal withdrawal from the league, that the Geneva institution is an alliance opposed to totalitarian states.) Tonight’s meeting of the British cabinet, Tsfaich met at No. 10 Downing street under Prime Minister j per cent within a month. The U. S. Neville Chamberlain and remained transport Cbaumont was scheduled in session an hour, came as a sur-, to leave next month with the sixtfri prise because the ministers were regiment of U.S. marines, not scheduled to meet until Wednesday. The special meeting was decided i „ recluction ^.^wer here but Government To Probe Monopolies Trust Busier Petitions Judge lo Impound Chrysler Records Paralysis Drive Praised Medical School's Work On Infantile Paralysis Lauded by Biscailuz Sheriff Eugene Biscailuz, in an 1 interview over 25 radio stations of the Mutual-Don Lee Pacific coast network with Al Gordon, chairman of the U.S.C. “Fight Paralysis” committee, praised the scientific contributions of the U.S.C. medical school, made in its war against infantile paralysis. He also expressed the j-hope that with the recent grant of $25,000, in addition to many local contributions, for poliomyelitis research. U.S.C. would take even further steps toward the eventual conquest of the dread malady. “Give a kid a chance to walk,” was the sheriff’s plea, as he appealed for unanimous support of the national infantile paralysis foundation’s nation-wide campaign. Biscailuz also expressed his belief that the 5000 red, white, and blue “Fight Paralysis” buttons, which the university accepted as its quota, would prove insufficient. D^IV* BEING WAGED On cmapus an intensive drive is being waged by organizations to achieve 100 per cent subscription. The university’s goal is $500. The drive on campus is part of nation-wide campaign which by MILWAUKEE, Wis.. Jan 24—CE) —The federal government tonight the indicated it intended to reopen its was instituted four years ago investigation of alleged monopolistic Presioent Roosevelt. Tne purpose of practices in automobile financing. the drive is to repel the inrcads Robert H. Jackson, chief trust that the disease has made, and to buster of the Uni ed States attorn- stimulate intensive research in an ey general’s staff, petitioned U. S. effort eventually to remove all traces I District Judge Ferdinand A. Geiger of noliomyelitis. B^ITATN FOLLOWS SUIT | to impound for 90 days records of P' ^POSE CITED Great Britain also Is planning the Chrysler Motor corporation and The proceeds of the fund will go ___. ____ .. „ . ... | a reduction in man-TOwer here but its a.filiated commercial credit com- to local chC-'rens anJ orthopedic upon to prov.de Eden with instruc-, Brig Gen A p D Telfer-Smollett, pany. I hospitals, as well as to the Georgia - - °Rnmn^ commander of the British forces Jackson explained he desired the Warm Springs foundat'on. The night that the French destroyer Al- ™r ®na geneva, rumors in the Shanghai area, said that the documentary evident neld to give money raised will be used for the batros had “rescued” the French spread that the cabinet was abou reduction depends on circumstances. the government an opportunity to scientific treatment and prooer care freighter Prado from a nationalist to undertake an important decision He said nothing definite had been re-present evidence ‘ against the of infantile paralysis victims, the gunboat off Palamos and escorted j regarding I al an demands for r <> dcjded beyond replacement of the Chrysler company “in this or an- purchase of modem equipment for it into Barcelona. Spanish Loyalist ognition of her Ethiopian conquest, ’ second battalion of Welsh fus*leers other judicial district * provisional capital. K,,t i i Loyalists Assert Bombs Aimed at British M.P.'s lion’s agricultural acts. Russia Asks Withdrawal Of Consuls WEIMAN SERIES BEGINS TONIGH1 Speaker Will Discuss Problems of Youth “Youth Looks at Love and Marriage” is the title of the lecture to be given by Dr. Regina Wescott Weiman at the University Methodist church tonight. This is the written for only a small number of first of a series of four weekly lec-instruments so that the tone of tures to be presented by Dr. Wei-cach stands out as a distinct part man in a course dealing with “Prob- Chamber music is defined as a form of music designed for intimate presentation in the home. It is usually instrumental music but is HENDAYE, Franco-Spanish Frontier. Jan. 24—<lTJR>—A Spanish Loyalist communique asserted tonight that yesterday’s Insurgent air raid on the frontier town of Puiggerda was designed to wipe out a party of seven British parliament members. The parliament group, including a former member of the admiralty general staff, had been in Spain on Continued on Page Four but it was stated authoritatively that “no initiative” was planned in this direction by either Britain or France. orthopedic hospitals, and the en- CAMERA CLUB HAS EXHIBIT Prize-Winning Prints Shown in Bookstore of the musical dialogue. lems cf Youth.” The course is under the sponsorship of the Young People’s Conference of the Southern California Methodist churches. Dr. Weiman is an authoress, consulting psychologist, lecturer, and authority in the fields of psychology and psychiatry. She has been a discussion leader on many cam- EXECl’TIVES TO MEET LONDON. Tuesday. Jan. S5-C»! student eItecutlVK of th<_ „enom. [—London morning newspapers to- inational groups on campus will ley said Russia had requested the meet at 3 p.m. today in the Student irithdrawal of foreign consuls from ''n^on lounge announced John Leningrad so that the Baltic sea- G*s% chairman of ^ the president's ; ?art mieht br secre'.lv converted 0wllw- -or the University Religious ; puses on the subject of “Problems nto a gigantic naval base. conference. I of Youth.” The Daily Telegraph said that ------—- ■further steps have been taken by ;he Soviet government to dismiss ill foreign consular representatives xom Leningrad. £ FLORIDA CRICKETS VISIT TROY CAMPUS L.A.S. Leaders To Discuss Campus Needs Student representatives of the College of Letters, Arts, and Sciences will meet for the third time at a luncheon in the Student Union today at 12:15 p.m. Reports of existing departmental conditions that were not given at the last meeting will be presented. Walter Slike and Wanda Elvin, as representatives of the School of Music, will present the report of the School of Music student body, which met yesterday to discuss the need of a university orchestra and better facilities. As this is the last meeting of the group during the present semester, the following are asked to attend the luncheon: Aileen Dallwig, Norman Lehmann, and Ben Marshall of “Warning has been given to Scandinavian governments ihat the ------------------------------- mhdrawal ol their consuls im- Housed in a small glass cage with a wicker ventilator, five the School of Speech: Richard frnedia rouued London is Florida crickets gazed at the U.S.C. campus yesterday, but J Huddleston of the Division of Radio; p:vpar*d ior a similar intimation, they didn't seem impressed by the view. Jack Herzberg of the Trojan Re- “Shouid ir come Britain doubt- Five crickets where there were fifteen, and one of the gal- ! view’ Wanda Elvin and Walter Slike Bess - «MM in ihe Iant survivors is minus a leg. It all started when the Hal of tiie school of Music: Don Bar- Cnir.d of the Soviet governm.hat -oach studio needed ;.'.e crickets for*____j if111' ^ard Lester, lit regards th" ____- the new Laurel and Hardy Droduc- - Zerbs of the department if cinema courteous. The Sa Tang Poa, Chinese army organ at Hankow, reported that Chinese guerrilla units had made a swift thrust from the Nanyang lake region and recaptured Sunchih-tien, between Yenchow and Tsining in Shantung province. The’newspaper said hand-to-hand fighting was in progress in the vicinity of the Sunchihtien railroad station and that Chinese reinforce-With subjects ranging from char- ments were being rushed into the acter studies to sand dunes, the area in an effort to cut off the seven prize-winning photographs by Japanese rear guard and isolate the members of the Trojan Miniature enemy. Camera club are now being ex-1 pjjjj^ese STRIKE hibited at the camera counter in ,, , ,__, ____, The Chinese were said to have the student bookstore. , . , , surrounded Tsining in a large arc. Every month the camera club se-; ^ chinese t^ps therei under lects a group of outstanding photo- Qenerai lju yao-Ting, struck be graphs that exemplify the best wor■* fQre the japanese had an opportun-of the exponents of this field.! to bring up reinforcements and Prints are selected on the basis o s^aged a surprise counter-offensive individual merit instead of by clas- instead of pursuing their guerrilla sifications. All photos were origin- harrassing tactics, ally taken with miniature cameras and then enlarged by an equal number of Seaforth judge Geiger ordered the records ■'ouragement of scientific research. Highlanders from Hong Kong the held pending a hearing on Jack- “Fight Paralysis” committee mem-first week in February. son’s petition. bers may secure additional buttons The Chrysler company was one of from Virginia Holbrook or Gardiner three automobile manufacturing Pollich, Gordon stated, as he ex-concems under investigation by a pressed his belief that many sales-federal grand jury which Judge men will sell more buttons than Geiger recently dismissed without they had been given. allowing it to make a report. The -— court ruled at that time that the attorney general’s staff had conducted “highly improper” 'negotiations with representatives of the automobile firms for settlement of charges contemplated against them. A striking feature of the exhibit COEDS TO FILE POINTS is a colored floral photograph. This Coeds working for Amazon credit print, made by the chromatone are warned by Ellen Holt, WSGA color process, was presented to the president, to file their activity points club by a local photo enthusiast. Students whose work is being exhibited include Charles Betts, Leo Appleman, Irwin Emig, Allen Selz ick, and Bob Robertson. nr;inn n* mnc di*.- new Laurel and Hardy produc-,. action as mos. di. ^ ^p j increase their stubbornness. In this picture. Walter Woolf They appeared on a coast-to-•Nor wi,. London be m«ied as to King. sin?T; the - cricliet Seng.” the coast broadcast over NBC entitled if’ ; tography, and Jack Golay, editor of the Daily Trojan. Ithc iPa purp .se underlying Soviet mei0dy of which is based on the ‘ Cricket in the Hearth,” but it was li., is-ence I rnnigrad a chirp of a cricket. Mr. King sings ’ a rather dismal affair as the crick- in the k«y of G. but it seems the ets refused to utter even one chirp. California crickets sing in a slight- About a week ago, however, the ly sour B flat. surviving crickets were placed in a Requests v.ere sent to 14 leading dark room alone with a microphone. lii which no foreign official may be allowed to have headquariers Trojan Review To Feature Color Fiims Merchant Ship To Aid Navy .__JL. PORTLAND. Ore.. Jan. 24—(U.P>—! f9fhnms ffi 000 feet) and it was be- universities !.-rcu, hout :ie United - w. n.ing mo n^niaii j tney chirp- ^avor Joseph K. Carson, Jr.. said jjeved the bodies of Capt. Edwin States for crickets singing in the - * a-ou i. ^ ie ength of the today sentiment in congress is grow- c Musick and his six companions, Bits of Samoa Clipper Found PAGO PAGO, American Samoa, Jan. 24—(U.E)—Natives of Manua Island, 100 miles east of Pago Pago.j were reported today to have found small bits of wood identified as from the Samoan Clipper, Pan-American Airways plane which exploded and sank off Samoa with a loss of 6even lives. The reports reaching authorities here said the tiny bits of wreckage were washed up on Manua’s beach. Strong westerly winds have been prevalent since the plane crash. The principal wreckage of the Clipper was believed to lie at 1.000 in the WSGA office Wednesday morning during the assembly period. Activity points may be filed for work dope this week and last week. key of G. Only one, the University sound track before lapsing again in-of Florida. responded. Fifi?en stur- j silence. dy crickets arrived at the state Since production costs make a reborder. where they stayed for a order impractical, the remaining period of time while the state de- crickets are to be insured for $500 partmcnt of agriculture questioned apiece in c.~.Ee they are killed before their entry. the sound track is compteted. They Other shots on the program will Brought io the stuiio at last, the were brought for examination by nclude the Listening Hour. Both j crickets maintained a sullen silencc. the eniymologists at U.S.C. and for our ilouses, inappropriate ap- broken only by fits of fighting, advice as to their care and conser- which created a high death toll, i vation. For these sendees the uni-Desperate property men tried to woo versity will be presented with the them into song with no success: one-legged cricket. The studio fig-heat, light, and even tickling the urcs he can’t sing anymore, so he’s crickets’ hind legs seemed only to no good to them anyhow. Color films of recent U.S.C. basketball games will be featured at the next showing of the Troian Renew. Thursday in Bovard auditorium. jarel. Rhodes scholars, winning de-jaters. and Spooks and Spokes sell-ng cokes, announced John Crowe jnd Don Bartelli. editor and assist-ueer ot the news reel. ing more favorable toward the de- jQst Qn an air express flight from velopment of the merchant marine jjcnoiuiu to Auckland, New Zeal- as an adjunct to the navy. and on January 11 were at the Home from Washington, D. C.. bottom of the sea. where he testified before several _________________ congressional committees. Carson M1NCO ASKS FOR proofs said plan.; of Joseph P. Kennedy. chairman of the maritime commis- Sorority and fraternity members sion. for the merchant marine are receiving a sympathetic response. “The navy says 1.000 new ships are the real need of the merchant marine now,” Carson said. "The maritime commission now has about 100. who still have proofs of pictures taken for El Rodeo panels are asked to return them to Joe Mingo as soon as possible. Students returning proofs are asked to bring them to the El Rodeo office at a time other than assembly period. Today's Organ Program Archibald Sessions, university organist, will play selections from the works of Carl von Dittens-dorf and Karg-Elert this morning in Bovard auditorium during assembly period. Larghetto and Minuet——..........—~ .........................Carl ton Dittersdorf “Carl von Dittersdorf was one of the first to attempt the program symphony. About 1784 he composed twelve symphonies with such titles as ‘The Four Age6 of the World,’ ‘Jason and the Golden Fleece,’ etc. “With such pictorial music as Dvorak's ‘New World' and Tschai-kowski’s ‘Pathetique’ ringing in our ears, we would not regard Dittersdorf’s works as other than absolute music,'*'*but it must be remembered that in the orchestra of pre-classic and classic days, only the strings were to be relied upon; wood-wind and brass instruments were still in the elementary technical and tonal stages," Sessions explained. Two Choral Preludes..............Karg-Eler “An Wasserflussen Babylon” “Nun danket alle Gott.” ; EXAMS SUBJECT OF KNOPF TALK Final Religion Assembly Planned for Wednesday “With a real motivation behind one is it possible to pass our college exams without that extra spurt of studying the day before?” This is one of the questions which Dr. Carl Sumner Knopf, dean of the School of Religion, will discuss during the last religion assembly of the semester on Wednesday during the assembly period. Dr. Knopf, acting as chaplain, will give a brief talk on the practical subject of taking our religion to the examination. He will deal with possible value of religion in the everyday life of the student. Music for the assembly will be provided by Organist Archibald Sessions. Special features will be given by Teru Hirashiki at the piano and Allen Hastings as tenor soloist. Sponsored by the School of Religion the assembly is interdenominational. Engineers Plan Mountain Trip Engineering students are planning an outing at one of the nearby mountain resorts between semesters, Charles Schweitzer, president, announced yesterday. Engineers who have paid their dues are invited to attend the snow party, the president explained. Although a final selection has not been made for the place of the short vacation, Big Pines is expected to be the ultimate choice. The student engineering council will meet this morning at 10 o’clock to discuss the holiday plans, Schweitzer said. The meeting will take place in 1 Bridge hall. The engineers will leave on Friday, February 5, but it has not yet been decided how long the outing will last. Those who are interested in going should see the president this week. Chinese Crew Refuses To Sail Ship To Japan SAN FRANCISCO, Jan. 24—(HE) —The Chinese crew of the SJS. Federal today staged a sit-down strike and refused to sail the freighter to Osaka, Japan, with a cargo of steel rails. Through a spokesman the 39 crew members said they had t--~en taken from Hongkong several months ago to New Orleans under the impression they were to sail the Federal from New Orleans via San Francisco to Shanghai with supplies tor the Chinese government When the crew learned the ship was destined for Osaka, they refused to sail it and demanded United States government intervention. Captain Jack Crossett, veteran skipper of China seas, commanding the Federal, conferred on the matter with both the British consulate and Federal officials. The ship is under British registry. A Chinese on the ship who spoke English declared: “The ship is now going* to be taken to Japan and scrapped. It will make bullets to kill our countrymen. We will not help them do that.” The Chinese pointed out that the crew felt death was certain if they sailed the ship. “We will be made prisoners in Japan and probably shot,” he said. “Even if we are allowed to return to China, we will be arrested and shot as traitors to our country.” Dr. Mangold To Leave On Sabbitical Tour Dr. George B. Mangold, professor of sociology, will go on a sabbatical leave to Europe next semester to combine sightseeing with a study of sociological problems abroad. Professor Mangold will observe th* methods of carrying out social service programs, particularly in the Teutonic countries; methods of constructive social improvements in the Scandinavian countries, and the housing program in London and Liverpool. He plans to be back at U.S.C. for the second summer term.
|Title||DAILY TROJAN, Vol. 29, No. 74, January 25, 1938|
|Description||DAILY TROJAN, Vol. 29, No. 74, January 25, 1938.|
|Contributing entity||University of Southern California|
RI-4111 Sta. 227
News Service Z-42
Los Angeles, California, Tuesday, January 25, 1938
P/epares ew Bill
New Deal Foe Plans Legislaiion To Purge Bank Holding Concerns
WASHINGTON, Jan. 24 — (l'.E> —
President Roosevelt’s drive against bank holding companies took an unexpected turn today when Sen. Carter Glass. D.. Va.. usually a foe of the New Deal, disclosed that he is preparing legislation to purge all such financial units over a five- j year period.
Glars said he has discussed his proposal with Secretary of the Treasury Henry Morgenthau, Jr., I but has not. yet taken it up with! the president. Morgenthau, declaring himself in “complete accord"! with Glass, said a sub-committee of i the inter-departmental banking committee will meet this week to discuss legation aimed not only at banking holding companies but similar companies in the utility industry.
The cabinet officer described as “an unhealthy situation” one in which holding companies are allowed to hold bank stock. The extent of these holdings was revealed in a survey by the federal deposit insurance corporation showing that . 23 major bank holding companies, through 400 banks, control one-eighth of the total deposits in the na‘ion's 15.000 banks.
Meantime, Robert H. Jackson, assistant attorney general in charge I of the New Deal's trust-busting campaign, and Benjamin V. Cohen, roung administration lawyer who participated in the writing of the public utility “death sentence” act, ronferred with the president. They k-ould not sav whether thev dis-
President Asks Support Of Fund to Aid Civilians In China V/'ar Zones
FRENCH SEND STERN WARNING TO SPANISH AFTER BOMBINGS
PARIS, Jan. 24 —(U.P.)— The French government today warned the Spanish nationalists, coincident with a bombing attack on a French torpedo boat, that further bombings of French territory will bring armed retaliation from artillery
batteries and fighting planes. *—
Edouard Daladier, minister of co
ordinated defense, was instructed to hasten reinforcement of anti-aircraft defenses along the Pyrenees fronfier to give full force to the threat, if necessary.
BOMBS FALL ON FRENCH SOIL The warning was delivered to
Reformation of League Opposed
WASHINGTON, Jan. 24 —