OCR Text |
Show MAGNA TEIES. MAGNA. UTAH PAGE TWO News Review of Current Events the World Over -- Insull, Brought Back for Trial, Defends Ilimself-Toke- n Payments on War Debts Are Barred Compromise Silver Bill Being Formulated. INSULL, once tbe grand old man of public utilities, baa Sees brought bark borne to be tried for Me aliened alna after bis Iona period of refute to foreign lands Ills prison ship," tbe Ballons, arrived off fort Hancock, N. JH and Insull was taken off at open sea by tbe United .States coast ftard cottef Hudson, which landed him quickly. After an automobile ride to Samuel Insull Princeton function, bo was put aboard a train and transimrted swiftly to Chicago. Ills non, Samuel Insull, Jr. bad been permitted to Join him on the Ballons and accompanied him on tbe j trip west Landing on American soil, Insull appeared to recover his old time conI fident's. To reporters he aald: am In America to make tbe most Important fight of my life. I am fighting not only for freedom but I have for complete vindication. erred, but my greatest error was In underestimating tbe effects of tbe financial panic oe American securities, end particularly on the com pastes I was trying to build. I worked with all my energy to save these companies. I made mis takes but they were bohest mis takes They were errors in Judg ment. but not dishonest msnlpu latlona. Arbitrarily, I had been Instruct ed te resign as head of these companies which I had built and which 1 had tried to protect I was told that 1 wee no longer needed. Tired from the fruitless struggles to save tbe Investments of thousands of men and women, discouraged In my attempts to save tho Investments of my friends and associates as well as everything I had, I got out "No charges were brought against me until I had been away for three months. My return at that time would have further complicated the problems of tho reorganization of tbe companies. "The whole story has not yet been toht' You only know the Not charges, of the prosecution. one word has been uttered In even feeble defense of me. And It must bo obvious that there also Is my nldo of the story. When It Is told In court, my Judgment may be discredited hut certainly my honesty will be - . it. t ? - - R USSIA has been angered by a ,uUng - of Attorney General Cummings and there Is danger that nil the plans for reestablishing trade wltb that country will go awry. Mr. Cummings was called on to determlhfi what nations would be barred by the Johnson act from marketing tbelr securities In this 'country or Id any way receiving financial assistance. This be did by announcing- the sti foreign nations that are not In default to the United States government on their obllga tlons. These are Finland Great Britain, Czechoslovakia, Italy, Latvia and Lithuania. Finland has met lu full all Installments on Its war debt. The others have made token payments on recent Installments. Immediately after the attorney general's ruling was made public It was authoritatively stated lu Washington that President Roosevelt had decided to accept no more token payments; therefore England and the others that have made such payments will fall Into the default clasa on June 15, when the next Even Finland payments are due. may now default If the nations proffer token payments they may be accepted by the treasury as on ' account," but (he nations will still be held In default and thus will be ahut out under the new Johnson act from, obtaining any government loans In the United States. The President will Inform congress, It Is reported, that he desires no legislation at this time with respect to the debt question. .Soviet Russia fell In the default class because It Ignored obllga tlons of the preceding czarist and Kerensky governments The czars sold bonds totaling $86,060,(100 In America and the brief Kerensky re from the glme borrowd-glS7,J00,0United Slates treasury. In the telegraph case, wltb all but one minority group flatly opposed to any code, tbe NRA is proconposing to change ditions and alter the Internal economy of the Industry on tbe ground that existing conditions burden commerce aod reduce employment A date for hearings was set after which the President was to be asked to take action. The code. If adopted, would deprive extensive Interests of financial advantages amounting to many millions of dollars, tba NRA authorities declaring these are not fairly held. Among the things It would abolish are: Exclusive rights of the Western Union Telegraph company to something like $25,00Q.-00- 0 worth of business annually ; use by many corporations of private wire circuits leased at figures alleged to be out of line with regular charges for the same volume of business, sod free use of these circuits by clients of the lessees to the tune of millions of dollars worth of words each year. SOME sort of a compromise on legislation that will be acceptable to both the White House and the silver bloc In congress Is likely to be worked out, though Senator Borah, who wants outright remonetisation of the white metal, thought tho v plan being prepared would not serve. of the Secretary I Treasury Qy. Morgen- - than and eight sll- - eId Sac rotary confer- Morgenthau enw bnt M(J the gentleman from Idaho were fairly well satisfied. Senator King of Utah said he hoped for a bill which would nationalize silver bullion and provide for the establishment of a 25 per cent silver reserve for currency. Probably the meas ure will be mandatory as to policies and permissive In leaving to the discretion of the President the means of carrying out those same policies. Prln$l TO AVOID Impending defeat by senate, the President withdrew from Its consideration the names of two men he had appointed to office. One was Willard L. Thorp who had been made head of the Commerce department's bureau of foreign and domestic commerce. The senate's objection to Mr. Thorp, who has been serving as head of the commerce bureau. pending action onehia nomination, was based on the fact that he once registered as a Republican In a Massachusetts primary. The other withdrawal was of Rene A. Vlosca as United States attorney for the Eastern district of Louisians, lie was opposed by Sen. ator Huey P. Long. w. Mellon, the Andrew and wealthy ex secre- tary of the treasury and former ambassador to England, came out on top Id his latest contest with the Department of Justice. The government had accused him of evading his Income taxes and sought his Indictment by a federal . grand Jury In However, the grand Jury refused to return a true bill, declaring the Charges were without basis. The ?tma!Ji of the Jury was William Reeson, ink.flerk. Among others on the Jury "w ere five laborers, two farmers, two engineers, two mechanics, two clerks, one plumber, one carpenter, a lumber dealer, and a writer. Mr. Mellon said : "I am of course gratified that I have been exonerated by a Jury of my fellow citizens. The fact that the grand Jury reached a sound conclusion, notwithstanding the unusual methods pursued In my case. Is proof of the good sense and fairness of the American people. In previous statements Mr. Mellon had charged Attorney General Cummings with playing- - politics of the crudest sort," and had set forth at length his Innocence, asserting he had overpaid rather than evaded AIMING directly at the and Telegraph his taxes. company and the Western Union The finding of the Jury probably company, both of which, are said ended finally the affair, Mr. Cumto have defied him, Recovery Ad-- mings saying the government would minlstrator 'Johnson made public a hot challenge the decision. It may drastic code for the wire communalso put an end to the not Infreications Industry prepared by his quent attacks on Mr. Mellon In both own etaft Imposition of a code houses, of congress. . Is regarded to all intents the same as writing law for the Industry afA IB mall flying by the army hat fected, equal lu scope to tbe author-Izatlocome to ad end, and the routee for licensing Industry. Noth are being taken over by commercial lug like It has been resorted to aviation as fast as the shoit term heretofore. contracts are let - a Pitts-burgh- govgive ernment a permanent balance ef power between large and small Industries was recommended Is the majority report by tbe Darrow board, which President Roosevelt decided not to make public In Its original form but referred to three government agencies for preliminary digesting, . On the theory that the NRA has shown business Incapable of the majority report proposes to scrap all tbe present code authorities in favor of an In which the entirely new set-u- p federal government, big business and little business have equal voting representation. . Within the NRA Itself there la a growing feeling that it would be better to let up on the extension aod enforcement of codes for small and miscellaneous Industries end reduce the NRA policy to control of hours and wages. Administrator Johnson doesnt like this, and It would also be opposed by the big Industries and organized labor. The President la waiting. AMERICAN PLANING LULL CO., INC. MILL WORK. ALL KINDS OR CABINET WORK STORE FRONT! sad REMODELING MANUFACTURERS OF SASH. DOOR SCREEN! TEL. VASAlblJ247 ' . . OFFICE 135 Sooth 5th W National Topics Interpreted by William Bruckart SALT LAKE CITY, UTAH The Washington. - Republicans are firing some Indict tlons FELT RADIO ' they GOIMllV la accordance with arrangements set forth below, allows a discount 40 per cent oa all radio accounts and tabes purchased, oa presentation of tbh Unit letted to Queer Quirk fight for election thelr Pr0n tn Politics . ot In the next con- gress on the ground that the emergency In over and that President Rooeevelt and hla administration " Sig. of carto met. are continuing on n spending spree Date mi wen This coapoa good entfl Sept. I, 193) only.' Just to afford deserving Democrats wholesale prices ivca to dealers, service seen, amateurs, bams, etc. Cot this with pi from the government counont and ve at FELT'S ter. The tlpoff m to tbe direction firom which the attack will com 331 S. Main SALT LAKE CITY Call Was. 5678 arose the other day without attract945 South Stats Street It Call Waa. 5671 ing a great deal of attention. cam from Representative Snell of New York, the Republican leader In the bouse, who opposed one of MODERN WOODWORKING the newer brain-trucreations beof Nation MANUFACTURERS OP cause bo . declared, unequivocally, HOW thetoLeague aid China wa told In tho emergency la over." a long report, made public by the BANK, OFFICE AND STORE FIXTURES After Hr. Snell bad made the Nanking government, covering the I Inquired of a number statement, SASH, DOORS AND SCREENS arrangement made by Dr. Ludwig of persona, astute in politics, what Rajchman, representative In China of General Mill Work Cabinet Work they thought of this anomaly. Here Remodeling the league. This plan. It Is supis a leader of the opposition party Phone Was. 8183 So. Sutt Street posed, led to Japans recent statedeclaring that the emergency la Salt Lake City ment of a policy demanding that over, and If that condition exists, other nations keep their hands off the leeder of tbe opposition, by InChina. The document was politicalference at least, has admitted that ly Inocuous, being chiefly tbe reccredit for the Job mnst be given tbs TEETH FILLED FREE: ommendations of technical advisRoosevelt administration. I find as silver each Yon one dollar or two porcelain: two pay for two fillingi: ater for projects designed-t- o wen that the Democrats can hardly 1 dollars each, and will give yoe one filling FREE, to introduce my new tract foreign capital to China and admit tha correctness of the statelocation. consolidate It as an Independent ment without admitting at the same Plates givs satisfaction. Priced 29:50 to 30.00 My nation. Tbe list of advisers did not time that there should be an end (Bring this tdv. for specials) Include any Japanese. immediately to the connUeaa emer164 So. Main St. Boyd Park Bldg. Rooms 301-30- 2 , The chief Interest In the report, gency agencies that tha Rooeevelt Was 9227. Salt Lake City SPECIALS EACH WEEK from the standpoint of the Unitadministration has set op. It seems ed States, concerned the section to me, therefore, that w are witEUGENE MARSTELLER DENTIST devoted to cotton. It shows that one of tho moat ridlcnlona nessing NOTICE: ENTRANCE IS THRU FLORSHEIM LOBBY Oilna must purchase about $00,000,-00- 0 situations that has ever occurred In worth of raw cotton 'annually. politic where peculiar things are A Chinese national military and the rule. Succinctly, It amonnts to communications commission has this: each aide actually Is contendThe Fun Of STARTER TEETH ing that the other la right Just left hanghal for the United States by way of Europe. Its twenty-tOf course, It abonld be said, REPLACED WITHOUT REwo members are Instructed to much water will flow under the MOVING FLYWHEEL. learn how China can acquire a modbefore the rotes are counted bridge ern war machine and methods of Can Be Enchanced If You Williamaon Method in November: Indeed, many changes communication that are up to westRead Some Books on 10 Yean Experience will have come before the congresern standards. AQ Kinds of Electric Welding sional campaigns in tha various states ret stirred np to a white McDonald Welding REPORTS from Cairo, Egypt, heat But nnlesa the course of bat-ti- e hazily about now Indicated Is altered, I preWorks fierce fighting that was going on In dict the campaigner! will have to the Arabian peninsula where Ibn 460 S. State Phon W. 3265 do some fancy high rope walking. We Have A Score on SALT LAKE CITY Jgaud, the fanatical surely appear that getting ones Different Kinds of Plants WAVUVWWWWVVWWVWb It king of Saudi Araown legs tangled np In those arguwas bia, making ments la about tha easiest thing In Ask us About Them war on the ancient The Largest Stock of sight kingdom of Yemen, DESERET BOOK CO. USED FURNITURE Curious possibilities are offered determined to conIn the City consisting of by the situation. For example, are quer It. Already 44 East On South Temple DINING ROOM. BEDROOM the Democrats going to go ont on the Saudlan army, KITCHEN FURNITURE, the hustings and saying to their Lake Salt Citj which la powerful mass meetings in effect that we RUGS. LINOLEUM and and equipped with have not succeeded; we mnst keep all modern arms, RANGES the AAA and tho NRA" and othhad captured the These are Clean and Up to ers? And, at the same time, are wo goods Be Wise and Give Yemeni seaport Date and you can buy them M going to hear from Republican H o d e 1 d a, and It One-Hathe regulat price. . spellbinders that the Democrats OSTEOPATHY was advancing to attack Sana, the More have licked the depression and they Pay Why a war with started capital. The must now put an end to their orgy A Fair Chance border dispute. 1 of spending end running up bills HEALTH is Nature's greatest According to the conflicting which the taxpayers must meet? stories reaching Cairo, both sides blessing: the world's best bargain. Neither side, of course, will say science of OSTEOPATHY, (tbe was One claimed victory. report In those words. But, if the arguIt Natures is healing by adjustment) that "the Kmtr Felsnl, helroflbn ment" HEALTFL goes ahead aa trhas started, to 127 East Broadway way Saud, had overtaken and defeated will have to be the substance that -'the rear guard of the retreating Dr. Alice E. Houghton of their tale to the voters. There Yemeni army. will have to be some very careful, 520 Mclntyrt Bldg. Salt Laks City From Yemeni officials, however, as well as very quick, thinking becatne telegrams stating that their Salt Lakes Exclusive fore the campaign's end. One poretreat hajJ been halted and that litical observer here suggested that the Saudlan army suffered a severe this may turn ont to be a most conBABY William a 23 hour battle. Capture defeat lu fusing campaign because of the of 36 armored cars, nine of them . FOR INFANTS UP TO anomaly that Is now presented by CHIROPRACTOR 400 30 and sixYears ; prisguns, undamaged Hr. Snells declaration. IN SPECIALIZING oners was claimed by the premier Service & Neurocalometer X Ray n f Yeman, who wired that the Baby Shoes . There Is considerable dlscnsslon casualties exceeded 2,000. Palmpr Graduate dfc Vanta Garments here j as to how tbe efBecause of their nearby terriSuite 206 - 207 Clift Bldg. 4 fect be If may Shop tories In Asia and Africa, Great Sait Lake City Phone W. 2899 Just the Republicans Britain, Italy, and France were EVERYtHING FOR BABY" watching the conflict with deep Hours: 10 to 1 1 a. m-- 2 to 6 p.m. Salt Laks City Speculation dent w,th the 58 So, Maiit-- ; ' vigor, ?' concern and all had warships at 10 12 to Saturdays ooq contention that the Democrats are hand to protect their Interests. trying to hold on to the extra Jobs and that they are continuing to SHEET WASATCH BRITAIN and Japan are pilEAT spend taxpayers' money for repayon the verge of a big trade ment of political debts. There Is war. Tbe British nave threatened METAL WORKS always something sinister about to take strong action to protect that kind of thing. Whether the their textile export Interest against la right or wrong, many Diseases Of The Skin Heating, Ventilating charge Increasing Japanese competition, alvoters get anspldons when camthough the British government offl; In talking abont Air persist paigners Conditioning, Ezra daily declares II will do everything 510 Thompson Bldg. raids on the federal treasury. They to maintain amicable relations with always think of It In terms of theft Guttering, Spouts Jaan. Tbe official position lq Toof money from the local bank or Phone Wasatch 3309 kyo Is that Japan can take care PL 2504 Was. stores and not In the terms of poP.O. 35 Inof herself, and there as every litical maneuvering, although I conSalt Lake Cty. Utah dication that It would not yield to Salt Lake City fess I can see little difference. It the British ultimatum that It must always has happened that the politmodify Its trade program and tacical party In. power has controlled tics. The Rritlsh threat was that Earn while All batteries V work gnaranteed Learn the flow of public moneys Into the you quotas would be Imposed on JapaHyland 3555 spots where the funds will do the The Beauty Trade nese goods, but trade leaders In most good, politically, and when not would hurt Tokyo said this either side kicks abont that. It Enroll Now their country seriously, especially seems to me It la exarily like one SPECIAL PRICES FOR THIS since Japan's Imports from tbe & Co. TERM mule calling another longeer." 83.000.-00British Isles In 1!W3 totaled I wont even suggest that I can Call In and Talk It Over yen or little more than was exSpecialist On Auto Electrical guess what the ultimate effect of Work Only ported there, 80.tM0.txi0 yen. Hence, these strange arguments Is going SalTLake School of they said, the Tokyo government New and Rebuilt Batteries, to be. Anyone who tries to predld would be able to make reprisals. Generator!, Starter. Magnetoes. Beauty Culture the result at this time la Just being Trade wltb the British dominions TeL Waa. 7537 Ignition silly. Tbe beet Judgment I can get R. E. Cameron. Manager Is considered far more Important la that the results In the various State Lake Salt So. 956 Cry A and the Japanese are confident districts are going to congressional VUVWWVWVWWtfVUWWWVbV the dominions will not follow the The difference likely wilt he very. mother country's lead especially LAWN MOWERS dependent entirely upon how many Australia, which sold to Japan In AND ALL EDGE TOOLS mistakes plain bonehead - state1033 four times Its purchases, and -SHARPENED ments tbe varioue candidates make STOMACH TRC JTLES Canada, which sold seven times as Washing Machines, Vacuum-Qeantr- a, A SPECIALTY la thetr attempts to follow argumuch as It . bought. Bicycles Repaired. ments and analyses laid down for GIVE US A CALL"r (We give factory , service foe the them by the national political comEasy Washer) PRESIDENT ROOSEVELT I Wt Can Help You Nc Obligation mittees. My belief U that there W make keys W File Saw for down Mail Orders promptly attended to wilt be plenty of them and there In Fort Worth, Texas, a daughter Sal Fake Cty 30 E 4th So ought to be, therefore, a considerhas been born to Mr. and Mrs. ElGREENHALGH able amount of surprise when the liott Roosevelt. The baby, who votes are counted. Prop. REMEDY CO., INC weighed six pounds six ounces, It Iwqulte apparent to the DemoOffice plione W 5)94 has been Darned Ruth "handler Phone Hy. 2111 1989 So. 11 S. cratic leaders, and they say an. that 1353-Residence Phone SUGARHOUSB Hy. Roosevelt. I444444tm444444 VWWAWVWWAAWAA a number of hone seats, bow held foapoa, - . - - - - s - st fit W. 'tdlEIEIEIEJEJEJ, fcJHIEJBIBIHIEJ, Raising Flowers tUSEISISMISB lf Salt Lake Furniture Comply SaltLakeCity Dr W.Seare SHOP V Ideal Sau-dln- Patience Baby Z03320HE J. F.McGregor,HJD, fyy2SHy22EKfffi fSCOHEEB Cameron Battery Ignition 0 j J Family Remedies Ji Ideal Repair Shop MJL-&RODBE- R by Vnttn Ntwapspsr Uaiao. ?. ' WALTER SCHMIDT. Mgr. n. By EDWARD W. PICKARD OAUUKL ef the DRASTIC reorganization the federal Friday. May IS, j Kr by Democrats, will be turned1 to tba Republicans next fall. I are seats occupied by Denx L who bar no reason oa earth , la tho house except by vlrti Via the tremendous landslide ( placed Hr. Roosevelt la the ' House. Districts normally era tic are more than likely to contlnna to elect Democrat the political accidents" that ed many others of the vast Ity la the house are going to many home because they come overwhelmingly Republican munltiea. Tbe Republican era art asserting they will pi, eighty or ninety seats fron Democrats next November, can ba no doubt that they wll some, bnt eighty or ninety la i figure In anybody's language. e It seems to mo that Rep; Uve Hark Wilcox of Florid; t won a rathe Q Firet Termer nal honor I peo Wine Honor flr term member oC k house of representatives hy o s lng passage of tho legislate laoe baa come to be known as th ping nlclpal bankruptcy bill. It Is Lm thing Ilk twenty years sli freshman" member of the ho senl representatives has sponsoi ifs piece of legislation of mi kte scope that was passed and a law. Plenty of new member tea Introduced bills, nationwide k V i effect, but as far as my re ay baa disclosed, sons has bee; tod cessful In tbs last twenty yet I Hr. Wilcox won members) b the houae by defeating Mrs I TMS. Bryan Owen, daughter of the William Jennings Ryyan, ft regiv Democratic nomination In nope trict where th nomination tamount to an election. So I iti fo given n baptism of Are bef J ever reached tbe boose ttsel Tbe measure, aa I said, I tlons In scope and it probata affect the financial status of 2J500 communities which tl calls taxing districts. This taxing districts includes pall ties, counties, borough lages, parishes, townships, corporated taxing districts schools, drainage, Irrigation, sewer, paring, sanitary, port, other districts In which menta have been made In bo old to pay for them. la take advantage of the provjr the law, the taxing . dlstrV. declare Itself to be lnsolvet unable to pay the Interest c cipal of tbe debt The offi the taxing district may pet federal court for the right range lta debt on a new ba tbe court must be shown s In numt least amount of holders of the boj a, () willing to agree to tho ter 4 1 f nil , three-fourth- compromise. If they j do J ag then the court may Issue a that will compel the ret bondholders ' to accept the: ra 5t I Far ment What happens, of course,! ! the taxing district will be t replace the defaulted bonds !ie fresh series, probably at a t9 a Interest rate. Tbe taxing gets out of the predicament amounts to bankruptcy, at bondholder get new set fj tnq I Wnd , vat face their like something Vat be will cans the interest pal -- urea privilege la extended for on years, but lt Is the general standing that tbe commnnitk cerned will be able to acre settlements with their cf t much sooner than that, and k Inc that also Vtl vlously hoped financial conditions through nation will make the Job o' ,Jr ranging the debts easier than a few years ago. 1 it One of the obvlons results cai T; lng tbe spotlight turned onto dividual or' lrllI Kidding or aa taif jeth plenty the NRA meat Peof abont It Sometimes, howev talk develops Jibes and Jed oft times they art not pleas( the ardent advocates of a tlon to swallow. For lnstan til recently discussion of NI been confined to sertons ar very often of a heated cho Lately, however. Jokes and about NRA have been en 4, of with greater frequency andi, re now a considerable nor them, Tbe latest, and one best that I have beard, runs lows: N. R. A. me down to sleep, I pray Thee, Lord, my co ; keep; If I should bust before I wak orc A. F; of L. my plant will I beard already that tha can Federation of Labor coil the reference to It tn tho dii to bo closely ekln to nnfalrbut tlce, or whatever It la organlp' I bor says abont those who a?i General Joh" Its supporters. reactions are not yet a mf ? BIa record, although I know ba M 4 I tho thing. 1 e kr wuti Kneos c1 m( r. |