The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

A Growing Newspaper in a Growing City | The Osh aa Dail Succeeding The Oshawa Reformer VoL 11--NO. 58 OSHAWA, ONTARIO, FRIDAY, SEPTEMBER 9, 1932 PRICE y Times PROBS. Fair Today and on Fri- day, But Slightly Cooler. THREE CENTS EIGHT PAGES NEWCASTLE BOY IS KILLED BY CAR District Local Settlers Are Going to New Liskeard MEN WILL GO FIRST TO BE FOLLOWED BY THEIR FAMILIES Wives and | Children willl Follow When Home for Them Has Been Built on Land Selected LAND IS CHOSEN FOR LOCAL PARTY Officials of Department are Interviewing Those Selected, and Gjving, In- formation as to\ Condi- tions of Settlement Ald. Louis Hyman, chairman of the special committee in charge of local arrangements for families to take advantage of the Government's land settle- ment relief schenie, stated to The Times this morning that definite information received now from departmental officers is to Lhe effect that the men themseives will be sent forward to the new settlement ahead of their fami lies. '"'One question that has been asked us by has been definitely settled," Ald. Hyman. "In many cases applicants wanted to know whether the man of the family would be able to go ahead and make provision for his depend- ents, or would the whole family be sent up together. Men Go First "Information which we now have from departmental. officers have fro mdepartmenta] official: sa'd co-operating with us in making « | final selection is to the effect tha' the man goes into the settlement district first. He goes ahead and sees the land which has has previously selected on a map. He is met by a government super visor who takes care of him and shows him the allotment. If Le is mot pleased with his selection he is shown other allotmenis When he is finally suited he is shown tow to erect a smal] home suitable for his family. Whe! he has built his home, and it has passed the inspection of the dis- trict supervisor, then, and then only, are arrangements made for the family to join him on the land. Going to New Liskeard "The settlers from here wil all go to the New Lickeard dis- triet," said Ald. Hyman, "There are already about 400 families settled under this scheme and everyone of them making good according to departmental officials." Ald. Hyman stated that th work of having departmerninl of- ficials interview the prospective settiers will he completad today, "and it appears as if a great ma- jority of the ten families ai cody tentatively selected. iocaliy will stay with their original idecs and g0 on the land." Plan Is Explained It was explained Ly Ald. man that, through no fault any member of the ily Cou or civic officiai, misleading formation had p:>n given to the applicants rezardinz the placing of livestock on their embryo farms, "Information given to the City Council in the first » ace hy de- partmental officials suberdin. ate appointments was to 'he ef- fect that a cow, chickens, a hirood gow, and other liveciock would be immediately provided }. Government for each settl.r," said "Ald. ilyman. "This has since proved to bz Incorrect and this is one of the reasons tnat (Continued on page 2 are Hy- of neil t= 1 i the SOON AFTER Trade Within Empire Tending to Increase Ottawa, Sept. 9. -- A ten- dency to increased trade within the Empire is shown in Canada's export and ime port statistics for the month of July, according to a re- port by the Dominion Bur- cau of Statistics, In the month of July 29.9 per cent. of the total trade was with the British Empire countries as compared with 24.1 per cent in the previous month. The proportion with the United Kingdom was 20.7 per cent., as against 17.6 per cent. June. Trade with the United States amounted to 56 per cent, July against 57.7 per cent. the previous ZONE MEETING OF LEGION. CALLED Business in "connection with the coming provincial convention at Sault Ste. Marie will be discuss- ed at a meeting of executives of Zone No. 23 of the Canadian Le- gion in Ontario, in which Oshawa is situated, to be held at Cobourg this evening. Notice of the meet- ing was read to the Oshawa Branch at its meeting last night, when the following executive members were appointed to rep- resent the branch: A. Gladman, A. J. Graves, C. A. Vermoen, J. Holt, A. Tierney, J. T. Dalby, B. Jacklin and D. J. Thomas, It is likely that the meeting this even- ing will select the comrade to be nominated as zone representa- tive for the next year at the Sau't Ste. Marje convention. Alex McColl, of Campbellford, is the present zone renresentative, hav- ing' been elected at the conven- tion held in Nshawa a year ago. It is likely that the zone repre- sentative for nevt year will be selected from either the Bow- manville or Oshawa Branch. "The theatrical business would be | was \ with struggling hetter if half the theatres and movie | houses were turred into garages." month, William A. Brady. CONDEMNATION OF WARRIORS' DAY PARADE AS EXPLOITATION OF WAR VETERANS VOICED BY LOCAL LEGIOY prospective settiers | A paragraph which lin the "Town Crier" column in last Saturday's issue of The Times formed the basis of an in- teresting discussion at last night's meeting of -the Oshawa Branch of the Canadian [eg:on. the result Leing the passing of a resolution to the effect that "This Branch of the Canadian legion expresscs condemnaucn of the exploitation of veterans in the Warriors' Day parade at the Canedian National Exhibition. which, in the opinion of this branch, serves no good purpose, and has as its basis only the en- largng of attendance records at the said exhibition, and we fur- ther suggest that in future the Canadian Legion does not associ- ate itself with this parade." The resolution was introduced by D. M. Douglas, who spoke feelingly of this year's parade, which, he said, was an exhibition of the sufferings of the men who had served their country, an! who were almost down and out. Many of them, he said, were ap- parently attracted by the offer «.f refreshments served after the parade, because they needed food. He felt that the exhibition authorities exploited the war veterans on this occasion solely to boost the attendance record, and had no real intention of do- (Continued on page 3) aopearely Vimy Memorial Ceremony Halted Arras, France, Sept. 9. Hanging {rom the end of a great crane 'a nine-ton stone is poised to-day over the summit of Cana- da's memorial at Vimy Ridge while mayors of neighboring towng and other notables are wondering why the ceremony of completion was interrupted. At the last moment, Lr; Henry T, Hughes, afier confer- ring with the builders, decided the stone should not be laid yes- terday. Apvlogies were tendered to the French guests, who ac- cepted them with graceful ges- tires and puzzled glances at "the last stone' still hanging far above them. It was explained afterwards an employe of the Canadian auth- orities had circulated news of the memorial"s completion with g.Gen, misplaced zeal, causing a party of eminent visitors to attend. Parkwood and Ontario Again Score Successes at the Exhibition County Horses Oshawa and Ontario County have added to their already ivug list of winnings at the Canadian National Exhibtion in the awards made in yesterday's events, At the evening horse show, hela in the Coliseum; the horses of R. S McLaughlin were again in the limelight. In a class fcr green heavyweight hunters, he took second place with Rathskamony, while his entry My Delight, cap- tured first place in a ladies' sau dle horse class, iu the 1nter- municipality jumping contest, ba. tween teams of three horses, the McLaughlin entry was placed third. On the previous evening Mrs, Churchill Mann, riding her father's horses, took two first prizes, one.in the green lighi- Weight division, with Sydney WwW and the other in the . middle. Weight green hunters' class, with River, In the scurry hunter event she was placed fourth, go- ing around the course in 31 16 seconds, less. than two seconds behind the winner. Bey Hoddc:, another McLaughlin entry, war second in the green lightweight hunter class. Agricultural Horses In the agricultura] horse see- tion, Robert Duff and Son, of Myrtle Station again won several awards, He had the first prize mare or gelding of any breed, in Scotland's Sample, and the first prize pair of agricultural horses Fred Ormiston of Brooklin, had the second place one year old filly or gelding, and was fourth with a brood mare and foal. An Oshawa Winner In the poultry section, Tho Wragg, 281 Jarvis Street, this city, made a splendid showing with cavies and guinea pigs. Ia Need for Faith is Stressed at Kinsmen's Club Ww. M. Gilbert Gave Inspir- ing Address at Meeting Last Night Declaring that faith in the future | of the country, and not mere timism, was the attribute needed at the present time, W, M, Gilbert, president of the Oshawa Lumber Company, delivered an in spiring address at a supper nicetin; of the Oshawa Kinsmen's Club at the Hotel Genosha last night, An- nounciny as his subject, "I'he road that lies immediately ahead of the young fellow." Mr, Gilbert reviewed portant factors to be tound in condltions across Canada today, and stressed their significance as an in- dication of what the future develop ment of this country will hold for the young who 1s ready to grasp the opportunities set forth, "1 do not believe there 1s man. in Canada who has to use the word 'depr Mr, Gilbert, "because know what it means, need for faith, op- most Magy 4 young right ssion'," said he does not "There is a such as that in which a mother sent her son overseas to the war believing he would back safely, inspite of the which he would face, Reviews Hiih Lights Reviewing conditions in from coast to coast, Mr. stressed highlights in every section of the country. 'n the Martie provinces, he said, there had been a recovery from economc troubles, When they were diagnosed, it was found they were largely due to the fact that the young men were leay iny Marit y elsewiiere. and any come terrors Canada es to; | they had lost their voung manhood Now they were niki OPO ii. ties for their young people and hold- (Continued on page 3) FARMS IN CANADA INCREASE 17,574 | Census Figures Reveal De- creases in Ontario and to Atlantic Ottawa, Sept. 9. -- There were 175.74 more farms in Canada at the time of the 1931 census than in 1921, according to figures is- sued by the Dominion Bureau of Statistics. The total for 1931 was 728,664 and for 1921 1t wae 711,090. There were decreases in the eastern provinces from Ontario to the sea, but increases in all the other provinces. = Saskatche- wan showed an increase of 17.- 021 in the decade, Alberta 14.- 454, British Columbia 4,106, and Manitoba 947. There were 41 farms in the Yukon. Prince Edward Island had a decrease of 836, Nova Scotia 7.- 988, New Brunswick 2,630, Que- bec 1,662 and Ontario 5,879. There was a total of 586,2¢ farms owned by their occupiers, 74,382 tenanted and 67,942 par- tially owned. Full ownership of farms decreased 4 per cent, In the decade, while tenant farmeus (Continued on page 3) increased 32 per cent, | | | | | | | | | ted that { measurable harm | what that should Gilbert | night Thirty-seven Killed and Fifty Missing When Vessel Blows Up on East River Near New York (By Canadian Press) New York, Sept. 9.--Thirty- seven men were killed; 50 were reported missing and more than a hundred others were injured today by an explosion of a boiler on a work boat in the East River. The ferry "Observation" was carrying workmen to Rikers Is- land, where the city penitentiary is under construction, when the boilers exploded. About 700 men are employed in building the penitentiary, and the majority of them had already been trans- ported to the island on the *Ob- servation" when the accident oc- curred. Persons on shore in the Bronx and on the island said they saw the "Observation" suddenly dis- appear in a cloud of smoke and when the smoke cleared the boat gone, and water was filled men, Within an hour 25 bodies had been recovered and an hour later the number had risen to 37. Half a hundred were still unaccount- ed for, and practically all the rest were injured, The Observation, a wooden steamer built in 1888, was about 25 feet from the pier when the people ashore were stunned by a terrific roar. Bodies and wreck- age were catapulted into the alr. When the smoke cleared there was nothing left of the boat but debris floating on oily water, Priests came to the ferry house and kneeling among the rows of dead administered the last rites to the dying. It was the worst river tragedy here since 1926, when 58 men were drowned as a work launch was crushed in the jce-choked Hudson. Police. Commisisoner Milrooney commented that it was at this same ferry dock that in 1904 he arrested the Captain (Continued on page 3) Juestion of Over-Production Was Discussed at Open Forum, W. H. Moore Leading Debate The question up for discussion at last night's meeting of the Open Forum in Centre Strect School was "Overproduction" with WH. Moore, M.P.,, F. W. Watkinson and C. Bonscon being the speakers. The matter wa fully gone into from al} angles, but apart from admitting thot conditions as they were were uu- fair to the working class, litte of a constructive nature wes brought out, Mr. Moore in his remarks sta- trusts had done im- to the world. Instances of their effects were to be found in almost all branches of industry, with artificial price structures being set up that re- sulted in hardship on the worker, The natural laws of production were being violated and some a. - tion would have to be taken ic remove exploitation, but just be he did not fee; himself in a position to ro veal. Canada Better Off Canada was much better off during the boom years from 192¢ to 1927 than many other couu- tries, he said and went on to quote figures to show the trerd which numerous industries hed taken making particular reter- ence to the motor car industry One of the big factors in present conditions, Mr. Moore asserted was that Industry as a whole was swayed by the automobile man: - facturers and bhercame subsidu- ries to them with the result tha' when hard times arrived th whole country was affected. One of the big mistakes mad by Canada, New Zealand, and Australia was that occupyinz one-seventh of that térritory: of the world and with a population: of only twenty millions, they (Continued on page 3) WILL CONSIDER WATER PAYMENT Council and Commission Utilities' Get Together to Agree on Basis A. sub-committen council] consisting Boddy, Ald. 1. S. Hyman Ald, G. Bunker, conferred with the members of the Public Utih- tieg Commission at the regular meeting - of the Commission last with a view to deciding upon ways and means to put the Government's new policy in forre regarding the providing of wa'er for citizens in receipt of rene. The members of the commis- sion and the delegation from th¢ city counciy were in complete ac- cord that steps should be taken immediately to establish a uni- form method of administerinx this phase of relief, the matter of details being eventually left in the hands of the Commission's chairman, F. [. Mason, (George I', Shreve, General Manager of the Public Utilities, and the City Treasurer, P, A. Blackburn, The Commission, through its chairman, re-iterated its former assurance that it is ready to de fray a fair proportion of this re- lief so far as water is concerned, and definitely promised a fairly substantial contribution towards the city's relief funds, in propcr- tion to the amount of reilef giv- en for water, when the public welfare hoard called for under the new government policy ha: been appointed, r of the of Ald. cily w and Ontario Tobacco Prospects Bright Simcoe, Sept. 9. Cheerful news for Canadian tobacco growers is contained in a repert from Raleigh, North Carolina. that prices ranging in some cases to double those of 1931 aré be- ing paid for the American to- hacco crop this year, This is due, it is claimed, to a reductien in the amount of the American leaf of approxmately 100,000,- 000 pounds, which will result in a shortage. This condition cannot but ma- terially aid the marketing of ti.e Canadian crop, those in touch with the industry claim. | | | SECURED SUPPLY OF WATER FREE Commission In- vestigates Situation at Lowal Factory A curious state of affairs has re- centiy come to the notice of the wa- ter department of the Public Util- ities Commission, whereby it may be presuiied that some person ob- tained a free supply water through his own ingenuity, thereby eis auding the Utilities Commission of a certain amount of revenue, An inspection ot the Millard fac- tory betwee, Richmond and Bond Streets, which has been vacant for some time until recently occupied by local company of artizans who are to build pianos and engage in high-class cabinet making, shows that the 'supply of water available to this building had, in the past, been obtained hy piping from the main serving a house in the inmme- diate vicinity, The junction of this piping with the main had been made between the meter which measures the wa- ter used i, the house and the lock or valve whereby the supply to the house is turned either on or oif. The water used in the factory bullding, therefore, did not pass through any meter and was avail- able as long 2s the service to the house was maintained. Now that the local manufacturing company has taken p lcase of this buildin the present owners, The City Planine and Woadworking (Continued on page 3) France io Refer Berlin to League of Paris, Sept. 9. -- France's re- ply to Germany's brusque de~ mands for military equality hes been completed, it is understood, and consists virtually of an ad- monition that the Government of Chancellor Franz: Von Papen wl! have to go to the League of Na- tions' Council) or the World Court with its request, * The procedure Germany---that negotiations for an agreement he conducted Le tween Berlin and Paris--is turn- ed down abruptly, it is reporter, and ia described as "inadmissabie procedure." suggested © by PRIZES DRAWN BY KINSMEN'S CLUB At last night's miecting of the Oshawa Kinsmen's Club, at the Ho- tel Genosha, a drawn was made for the prizes which were offered by the club in connectio,, with its cam- paign to ralsc funds tor work on pehalf of Oshawa's under-privileged children, Four prizes were drawn, the winners of these being as fol- lows : Ist prize--Solid Walnut Combina- tion Bookcase and five foot grand- father clock, won by Mrs, J. Mec- Cullough, 133 Gladstone Avenuc, ticket No, 254, 2nd prize--32 piece set of silver flatware, wo,, by S. Collis, 632 Som- erville Avenue, ticket No. 680, 3rd prize -- Hand-painted table lamp, won by Jerry Mountenay, 72 Church Street, with ticket No, 677, 4th prize--Electric kitchen clock, in colors, won by D, W, Cole, Dun- das Street, Whitby, ticket No, 142. JAMES ALLDREAD WAS STRUCK WHILE GOING HOME FROM SCHOOL Whitby Tp. Man Has Seen C.N.E. Each Year William Pyle, farmer liv. ing on the seventh conces- sion of Whitby Township, went to the Canadian Na- tional Exhibition yesterday, and thus maintained his rec- ord, of having attended the exhibition every year since its inception. Mr. Pyle cele- brated his ninetieth birthday last month, and, in spite of his age, is hale, hearty and alert. Interviewed by a news- paperman, he recalled the days when he used to exhibit horses at the exhibition, and said if he was able to get around he would be back again next year. Committee to ' Action Will Probably Be | vice gralrman. | the committee will Meet Tonight Taken to Form Welfare Board | = Definite action is likely to be | taken to-night in the naming of the proposed personnel to con- stitute a public welfare hoard for Oshawa which will be charg- ed with the administration of re- lef in this city under the condi- tions of the policy recently adopted the Ontario Govern- ment, A meeting of the Citizens' Ad- visory = Relief Committee, of which George W. McLaughlin is chairman, has been called for this evening at eight o'clock by | the seeretary, I. V, Disney, in | the absence of the chairman and At this mesoting confer with a of the city by special committee council consisting of Ald, W. Boddy. Ald. Louis S. Hyman, Ald. Gordon Bunker and ex-ofti- cio, Mayor Thomas Hawkes, in accordance with the recommen- dation made to city council by the finance committee, It is expected that at to- nizht's meeting some definite de- cf'sjon will be reached regarding the members who will constitute the public welfare hoard, and that this decision will be for- warded to the city council for formal approval, while it is also likely that city council will meet in special session to consider such a recommendation immedi- | ately it is received so that fur- ther delav in appointinz the new board will not be 'Necessary. AEROPLANE BASE IN MID-ATLANTIC German Company Takes Steps to Establish Half- way Station Berlin, Sept. 9.--~The North German Lloyd Company yester- day announced it had desisnated the liner Westfalen as a floating air station in mid-Atlantic to fa- cilitate the establishment of regu. lar air mail between South Am- erica and Europe. The liner will be equipped as a mother ship for trans-Atlantic mail planes. This will include an alighting platform, stores of tools and spare parts, radio equipment and weather forecast. ing paraphernalia. The liner will be permanently stationed midway between Bath- urst, British Gambia, or a nearby point on the African coast, and Fernando Noronha. The establishment ing air station is solve the fuel problem long overwater jump. of a float- expected to of the international avia- tion congress at Rome revealed a triple race among Italy, France and Germany to be the first na- tion to establish a successful commercial air line to South America, ; The recent "No matter how rich or poor a man may be, work in some form is the only honourable occupation."-- Andrew W, Mellon, I like that kind of a workman best who can work with both nis hands and his brain. We have too many workmen who don't think and too many who think it bencath them to train them- selves to work with their hands. SILTRATION PLANT "EXTRAS" ARE PRESENTED TO PUBLIC UTILITIES COMMISSION, AND TOTAL $4,50C 'At last night's meeting of the Public Utilities Commission the main business under discussion was the report of the engineer in charge of construction at the new filtration plant, this report dealing chiefly with the claime for 'extras' placed in his hands by the two main contractors. The filtration plant is now complete, with the exception of painting and a few very miner details, and the chairman of the commission, Commissioner Frank [. Mason, announced after ad- fournment, that plans are beiig made for a formal ceremonial opening of .the plant to be held during the last week = of this month, A Splendid Plant Commenting generally on the new plant the engineer, F. A Dallyn, of Toronto, who has hal charge of several similar enter- prises, stated to the commission, "you have a plant down these now that is absolutely up-to-da'e in every particular. It com- pares favorably in equipmert and construction with any simi- lar plant that I have seen on this continent, "The work has been delayed in construction, extras have crept in but not to any great amount Thess things, we find, are un- avoidable sometimes, but on the whole I feél that the commission can be well satisfied," said M: Daliyn. The engineer submitted quite a mass of figures comprised of large and small amounts claimed as "extras" by the contractors, counter claims against one an- other, accounts to be rendered against contractors by the com- mission, and all the usual details connected with the fina] closing of such a contract, From 'these figures it was es- timated that the "extras" which (Continued on page 3) Kiwanis Club Held Corn Roast Members of the Oshawa Ki- wanig Club, with their wives and friends, to the number of about seventy, went to the Kiwanis Camp Grounds at Kedron last night, and thoroughly enjoyed a corn and weiner roast, A splen- did spirit of goodfellowship per- vaded the party as it assembled around a huge bonfire, under a beautiful moon, and enjoyed an hour or two of social fellowship, with hearty community sing- ing. as one of the out- standing features. Ample sup- plies of corn, weiners and marshmallows were handed around to satisfy the appetites of the guests. Later in the evening, the party adjourned to the main building of the camp, and enjoy- ed dancing until nearly midnight, when the very enjoyable event was brought to a close with the singing of "Auld Lang Syne." Car Driven by Akron, Ohio, Motorist, Inflicted Such Injuries That Boy Died Within Fifteen Minutes TT BOY STEPPED OUT IN FRONT OF CAR Much Sympathy Expressed for Bereaved Parents, Who Have Eight Other Children -- Inquest Ad- journed Until September 12 (By Bowmanville Staff Reporter) Newcastle, Sept. 9.--Stepping out onto the highway in the een- tre of the village while on his way home from schol yesterday, James Aldred, six-year-old son of Mr. and Mrs. E. L. Aldread, of this village, was struck by an automobile driven by a motorist, named Gilford, of Akron, Ohio, and suffered such injuries that he died shortly afterwards. The boy had started going to school only on Wednesday, and his sec- cond day as a schoolboy brought the accident which resulted in the loss of his life, An inquest was ordered by Dr. R. McDerment of* Port Hope, who was called to the scene of the accident, and the jury met last night to view the remains and release the body for burial, adjourning thereafter un- til September 12. According to eye-witnesses, young Aldread had been walking home from school when he step- ped to watch some men working on a ditch, At the corner of Bea- ver and King Streets, opposite Hoar's garage, he stepped out to ci'>ss the road. Two cars going east passed by, and he walked outs behind the second of them. right into the path of the car driven by Mr. Gilford, which was going west. The driver had no chance to avert the accident, and the boy was struck down. He was picked up, still conscious, and carried into the office of Dr. Butler, where he complained of paing in his legs. In a few mo- ments, however, he relapsed into unconsciousness, and died within fifteen minutes. Dr. McDerment was called, but nothing could be done for the lad, and he ordered an inquest to be held into the fatality. The tragedy has aroused a great deal of sympathy for the lad"s sorrowing parents, who sur- vive, along with eight brothers and sisters. Arrangements have been' made for the funeral to be held on Saturday afternoon, MURDER SUSPECTS IS GIVEN REMAND (By Canadian Press) Teterboro, Sept. 9. -- Henry Reid, alias the "Michigan Kid" charged with the murder of Harry Thomas, unemployed war veteran, was remanded till Sept. 16, when he appeared in police court here today. Arrested yes- terday after a long search through the district, Reid, ac- cording to the police, confessed to having slain Thomas in seli- defence. Thomas was found dead from knife wounds. Reid was not represented by counsel today, and did not plead or elect. PENSIONS PROBE TO OPEN SEPTEMBER 26 Ottawa, Sept. 9.--The opening sessiong of the committee whose duty it will be to investigate the administration of the Pension Act will probably be held on Sept. 26, Mr. Justice Thibaudeau Rinfret, chairman of the com- mittee, said here yesterday. The exact date had not been fixed and would be decided upon on Mon- day: but Justice Rinfret '"'ex- pected' that the day mentioned would be agreeable to all con- cerned. Hopeful United States Will Compromise, Great Britain Takes No Action on Debts London, Sept. 9--Hopeful the Un- ited States will offer some manner of compromise -- perhaps another moratorium--Great Britain has de- cided to pass up her opportunity, on Sept. 15 to notify Washington she inténds to postpone payment of the war debt annuity due Dec, 15, it was reliably reported yesterday. Under the agreement all the debt- or nations must file notice of such postponement 90° days before the annuities are due. If all the 10 Eur- opean countries which owe her war debts were suddenly to exercise their option of postponing payments, ~--Henry L. Doherty. the United States would have to go without about $70,000,000, according to a compilation made vesterday. The war debt experts who have been stewing over columns of fig- ures the last few wecks in London are confident the United States will, at 'the propitious moment, offer Great Britain some readjustment or further moratorium, It is understood, further, that the United States treasury would be satisfied with 30 days' notice of in- tention to postpone payment, re. cognizing President Hoover's re- cent declaration in which he placed a ban on war debt discussions until after the November election,