Committee will begin private deliberations this week in the hope of compromising differences regarding proposed revision of the nation's neutrality legislation.
Senator Key Pittman, chairman of Committee, may see his "cash and carry" proposal made the basis of compromise between the isolationists and those seeking to keep the channels of trade free and open in time of war.
The Committee yesterday completed two weeks of public hearings on proposed changes in neutrality legislation which resulted in the expre: sion of a broad set of views by various persons called upon to testify.
Congressional circles were unable to predict the probable outcome of efforts to revise the neutrality legislation but the opinion was expressed in some quarters that the differences of opinion were so great that a solution to the question might not be found in the present session of Congress,—United Press.
What Would Happen During War Washington, Apr. 22.
Two million dollars worth of [orders have been placed with six American firms by President Roosevelt, the War Department announced today. Such orders are intended to "train them" to the work of making war material These firms will have t equ themselves especially for mass -production s masks, new semi automatic rifles, projectors, antiaircrattgun recoil apparatus, field-gun shells ete. Since the Great War, these are the first orders placed by the Government in the line of armaments.
A full report outlining a series of financial measures to be taken by the United States in case of a European war was submitted by Treasury experts to President Roosevelt last night A well informed source stated that the report, is based on two assumptions: in case of a sudden outbreak of war, the U.S. Government would close all Stock Exchanges for a long Period in order to enable the markets to regain a self control. In case of a gradual but slow deterioration of the European situation, the report recommends a series of measures aiming to eliminate any possible disturbance in the economic life of the country and to encourage "business as usual."
The report further insists on the necessity of preserving the normal functioning of the Anglo-French-
American monetary agreement as long as gold movements between the three countries remain free.
Mobilizing Gold ada] quarters, commenting on this report, asserted yesterday that the Treasury would facilitate the application "of any measure to be decided by Britain and France aiming mobilize" the gold and security holdings of their respective nationals in the United States, However, the same quarters added, such a policy would meet with certain difficulties since American legislation does not provide for a Government control of bearer securities, and a special Act would have to be voted by Congress—Havas, Navy Seeks New Dry Dock Washington, Apr. 23.
In a report to Congress made pub-lie here yesterday, the Navy Department recommended that the Huger's Point dry dock at San Francisco be added to the national defence system. The project proposed by the Navy would cost approximately U.S. $6,- 000,000.
The report also recommended that over-age ships be retained in full commission even after their replacement by construction authorized by the Vinson Act.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.