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Show MAGNA, UTAH, fEIDAY, MARCH 17, 1833 News Review of Current f trnment Events the World Over r of v w 4 Congress Passes Legislation Asked by President to End the Banking Crisis -- Japanese Complete the Conquest of JehoL By EDWARD W. PICKARD ,FXPANHOX of the currency to ' tlie extent of biillous of dollar will reeutt from the legislation i Despite all the confusion and L. the American public convenience, remained fairly calm and appeared to have confidence In President Roosevelt and faia advisers. The general feeling waa that the vigor otia new Chief Executive would be able to devise competent measures for temporary relief of tbs situation and to force their adoption by congress. -Following the enactment of the legislation for the reopening of the banks the President asked congress for authority to cut an estimated $o00,000,000 out of government expenditures by cutting government salaries up to 15 per cent, and by drastic reductions In payments to .veterans It Is expected that another $200,000,000 will be saved by the reorganization and combining of many government departments, authorization for which was passed In the closing days of ths last North China, accepting the blame md asking tfytt !Ihj nuthmul gov relieve him of ail his posts Maxim Litvinov, foreign eoumils Russia, bluntly Informed the League of Nations that the Soet ovemment would not participate the doings of ths league com nfttee set up to bundle the SIno . lapsnese quarrel j j ? X la -- S1.00 Advance A Editor and Pabliaber WWVWWWWWWWWWVWVWVWWWWWWWfWW HOUSE. FOR. RENT EXCEPTIONAL FREIGHT SERVICE You do not pay a premium for our Red Arrow Fast Freight Service although it is far superior to competitive freight j; ser- - j; II 3 room strictly modern furnished house """" . 1 , with bath, Gas Heat, Electric Water Tank, vice in the territory served by the Garage Complete. Inquire Magna Times. SALT LAKE & UTAH RAILROAD m New Low Prices on iTnes Glass-Steaga- BALANCE Balance Means that both tread and You get BALANCED tires when you buy f00d- - il WHY NOT PLAN ON GOODYEARS ENSUING MONTHS f OR THB r You can certainly afford them thi There nevspring. er has been a time when the could bur as money much as right now. Rubber and cotton are cheap consequently fare pnees are the lowest theyve ever been; anyone afford the best So smart buyen insist on Goodyears two-thlrd- a XT SUBSCRIPTION RATES 12.00 Six Month H. A. JARVIS first-degre- mzto.VV--- TIMES Advertising Races Given on Application.' r A ; MAGNA Issued Every Friday at Magna, Utah mail matter under the Eatered at the postoffke at Magna, Utah ar second-clas- s act of Congress of March 3, 1879. Payable j Glass-Steaga- THE , Owe Year EXPREfcSI.NO bis "cordial the work done In the Philippines as governor general by CoL Theodo-Uoosevelt. the President accepted that gentleman's eslgnaiion. He reappointed John H. Hollioay a a vice governor and the Missourian will be acting governor general until a man la chosen for that place. It la almost certain that Homer Cummings will get the plum. Mr. Cummings was made attorney general In the new cabjnet after the death of Senator Walsh, but It la taken for granted that this appointment Is only temporary. . Lewis Douglas was formally appointed director of th budget and waa busy wdth the drastic economy plana he has been formulating for several weeks. Tills able young man from- Arizona believes he cat cut a billion dollars from the annual federal tax bill. which President Uoosevelt asked of the extraordinary session of congress and which was enacted within a few hours after the new congress was convened on Thursday, Uarcb 9. The new currency la based not oo gold, out on the liquid asseta of the banks. was deThe Saey Woodin vised plan after long hours of conference by the Presl "HlICAGO was thrown into mouru-in- g dent. Secretary of the Treasury William H. Woodin and a number by the death of its mayor, Anton J. Cermak, who succumbed of financial advisers of the adminto complications resulting from the istration, and it was the main feabullet from Zangflras pistol when ture of their solution of the bankthat assassin tried to kill Mr. Rooseing crisis that was paralysing the velt In Miami. Cermak's body waa nation. taken home from Florida on a speThe Other chief points In the legislation which the President culled rkEMOCRATIC membership of 813 cial train and lay in state In ChIn tire house of representatives for In his brief but spirited message icago! city hall for a day and night gives them an unwieldy majority, many thousands passing the bier were : and the certain consequence is intra-i- " to Continued suspension of gold pay say farewell to the man who party wrangling. At had made himself leader of the Dei meuta and embargo on exports of f v 1 present the control mocracy of Illinois. Ills funeral In gold. seems to be to the the Stadium was a Clothing of the President with the stupendous cerehands of Speaker mony and the powers or a financial dictator. procession was the Henry Rainey and longest-eveseen In the city. Continuation of the national bank .two allies. Floor Zangnra was promptly Indicted In lug holiday, w holly or in part, pendLeader Byrns , and Miami and arraigned on the ing complete reopening of the charge Sule Representative of murder, and there banks. len, leader of the waa no doubt as to what the outLegalization of the bank holiday Tammany delegatcome of his trial would be. proclamation of March 5 and all ion from New York. measures adopted by the treasury Opposed to them la 'UOUGI1 it was generally admit-- ' to carry It Into effect. a faction headed by A ted that the world Because the new currency Is not dlsarmnm'ent McDuffie of Ala- conference In Geneva was in a had backed by gold It is called federal who bama, sought way, the British started to make reserve bank notes to distinguish vainly to be elected speaker. It waa last effort to revive it from federal reserve notes which said several of the Alabaman' most It br at least to sal are bucked by gold. The act creating the new currency active supporters were quietly In- vage something formed that they would be punished from Its liberalizes the provisions of the work. With by being shifted from Important this in mind. Prime act by allowing committees to minor assignments. Minister MacDon banks to Issue notes with no gold Senator James Hamilton Lewi aid and Sir John reserve behind them. The notes thus Issued are backed only by United of Illinois was elected whip of the Simon, foreign secStates bonds in the same manner Democratic majority In the senate, retary. went to tlp as national bank notes Issued by and Senator Joe Robinson of Arkan- Swiss city to see national hanks. It further liberal- sas was chosen to be senate leader. what could be done Also party authority was made They denied they izes section 10a of the federal restronger than it has been for many had any definite serve act as untended by the act so as to enable hanks years. .JTbe caucus agreed that the plan of action, but to obtain currency on liquid as- vdte of any future caucus upon any they hoped to get sets of a character not previously measure recommended by the Pres- Premier Daladier of France and ident should be binding upon all Chancellor Hitler of eligible. Germany toexcept those who excused them- gether on some arrangement that Oue of the effects of the legislafrom voting for cause. It was would prevent the utter breakdown tion will he to produce a unified selves further agreed that a simple major- of the conference. banking system Only member banks Sir John Simoi said before leavof the federal resene system are ity. instead of the more customary majority, should make ing London that one of the first able to avail themselves of the privthe action of the caucus binding issues he and Mr. MacDonnld would ileges afforded by tills legislation and that two thirds of the whole take up In Geneva would be the to convert assets previously inellg lble into currency State banks are number of Democratic senators fact that no other nations had fol should constitute a caucus. lowed Great Britain's lead In Imcompelled to Join the federal gjs-teThe caucus further chose Senator in order to obtain the funds posing an arms embargo against Kendrick of Wyoming aa assistant China and that will enable them to reopen. Japan, which, aa he reSenator Key Pittman aa marked, leaves Britain in a situaAnother foreseen- -' effect Is the leader, Democratic candidate for president tion which cannot be allowed to weeding out of weak banks. Instl tutlons unable to furnish liquid as pro tempore, Edward Halsey as can- continue." sets for currency will be unable to didate for secretory of the senate, W. as candidate for reopen. Others will be able to re- Chesley at Jurney seated in power by vlc- arms, and L. L. Blffle plIUILI the main open to the extent of tlielr sergeant relclistn, elections, aa secretary to the majority. lkf ttltll ty-- f vending-- , a t least i .Chancellor Adolf Hitle jqost plpns to rule Germany without parliament ery of general public confidence In "UR1XG Its brief special session banks. tary aid for about two years. Ills that convened on inaugural day National Socialists hold about 44 Legislation to stop hoarding also the senate confirmed these appoint- per cent of the votes In was consiiiered by congress and the new ments by the President j measures for reaching and punish Prof. Raymond Moley of Colum- relchstng and the Nationalists, his ing the hoarders of currency whose bia as an present allies, have 8 per cent. The assistant secretary of election withdrawal of deposits brought on state. passed off quietly Instead of the panic and caused the closing being th.e bloody affair the foes of William Phillip of Massachusetts of fiie banks were discussed by as the Nazis bad of state, who will cellor believes predicted. The chanthe administration and leaders of be undersecretary that democracy la In charge and accounta failure In German) and now has the senate and house. As a pre- abledirectly to Secretary Hull liminary move in this direction the Wilbur J. Carr of New York, re, the legal tools to annihilate it. There were mauy Indications that the federal reserve hoard at the In as assistant secretary of appointed atance of Mr. Uoosevelt. sent tele- state. country Is on the waj to restoration of the monarchy. One superflriul graphic orders to all federal reHenry Morgenthau. Jr, of New serve hanks to furnish by March of this was the rapid disapYork, member of the federal farm sign 13, lists of persons who have withof the flags of the repearance board. drawn gold since February 1, and William F. Stevenson of South public, the flags of the Nazis and of the old empire being substibad not by that time redpposited Carolina, member of the federal their gold withdrawals. tuted. Hitler, however, feels that home loan bank board. T. Dwight Webb of Tennessee, the restoration must he postponed until conditions are Improved, and FOR days there waa considerable member of the home loan board. In this the monarchies agree with concerning the hankhim.' ing situation mainly because of differences between the President's P'OLLOWIN'G out th campaign plan devised by Lieut Gen. Kunl-ak-i ress appropriated proclamation and the orders Issued Kolso, the Japanese armies vir$8,440,000 for the annual exby governors of various slates. Tlda was especially true in New York tually completed the conquest of penses of the bureau of prohibition the province of and Illinois. Day by day Secretary enforcement it stipulated that none The Chinese Woodin f the money was to be peat on Issued orders modifying governor fled nul wire tapping or the purchase .of those In the government's proclama all the Chinese tion closing down all banks, hut liquor as evidence Thi,-- provisions troops were forced do not bWotne iffocwe until July there was much mlsmiih-Minuilnout after a last deof bis regulations regarding limit L hut Amo W. V. Woodcock has fensive struggle at ordered them Into effect now. pointIng opening of the Institutions Koupeikow, a pass Clearing houses were busy holding In ing out that cases made contrary the Great Wall to them now probably will be tried but to failed live up to meetings Japanese planes their name by clearing up the situ- first after these provisions Imoonie law." bombed the ation and the banks were uncerThe result of the order, Mr Chinese positions tain of both their powers and their Woodcock said, will mean a com there, and t h e i vfeK responsibilities plate change in enforcement meth 3nKunlaW General Kawuhnras In many cities and towns bank, ods and "will caue this bureau Koleo took he were open to' carry on limited ac brigade to operate almost exclusively tlvltles that were required to pro- place. The Japanese bin completgainst the manufacturers and ed the seizure ilO miles of the vide food, foodstuffs and medicines of liquor. This, nattransporters' Great Wall, extending from the Inand for the meeting of pay rolls urally, ia'good new s to the operator ner Mongolia to the Yellow sen. Throughout the country prepare The Chinese tied toward Peiping of night clubs and speakeasies. tloos were made for the Issuance and the confualoM and fright In that of scrip, pending the receipt of the 'T'HREE days after completing his city led the authorities Is establish A ninth consecutive term In from necessary authority the Washing martial law., The Japanese said ton. boose of representntives.'VIll R. Secretary Woodin. however they would o eo to push Peiping Wood of Indlnna died ruled against scrip, though he sano quite unexunless forced to by reprisals against In New York. He was about Honed the Issuance in various lopectedly their countrymen to that dty. Mar to sail ou a two calities of clearing house certifimonths' cruise of Hsueh-lianwas severecates against sound assets of banka aha) Chang tor Mediterranean for a complete the hc toes of Jehol ly criticized rest a ft eh bis long and arduous lafor use aa aa emergency circulating and resigned a military arerlord bors In Washington , medium. , A IHt. WiatM Sawspapwr tfck WHO CAN WRITE: you have dwirt for, with a fctling of ability for producing , stories, feature articles, essays, editorials, rvvnvs. etc., aad With to profit- You ait ; ably market the same, you must get with a Press Syndicate. invited to write to Judge Joel E. Smith, TP-THOS- tire-buye- rs Paulos Auto Co. - j t nut i ito' ' 5? HS J If ?? 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