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Show Utah Murray Easle. Murray, News Review of Current Events the World Ovei Treasury Issues 800,000,000 Long Term Bonds cause of Big Deficit Teague Relire3 From Federal Farm Board. Be- By EDWARD W. I'ICKARD the THOUGH State Is d popularly to lie the richest nation on earth, the government Is "up Against It" the "it" meaning a billion dollar with the dellelt, prosper! of another billion dellelt during the next fiscal year. The treasAndrew ury, therefore, Is Mellon about to Issue long term bonds for $SO0,(X)0,00O, bearing 3 ft per cent interest. This Is In lieu of nn Increase In taxes, which probably will not be asked until after next year's residential election If at all. The reason for this course Is obvious. It Is expected that there will be further bond Issues, as well as borrowings on Ehort time certlllcates The public debt, of Indebtedness. which bad been steadily reduced sup-nose- Since VfSl, now begins to climb up- In other respects tho outlook Is not bad. "Farm crops," snys the report, "are recovering from the effects of the continued cool weather. Winter wheat prospects have been Improved, fruit prospects are generally reported fair to good. Live stock growers appear to be keeping up herds nnd flocks despite somewhat adverse conditions In $1,000,-000.00- and Paul $1.-00- huge flying boat. long delays ami various accidents, finally crossed the Atlantic ocean successfully. It made the (light from Cape Verde Islands to Fernando Norouim off the coast of Brazil In 12 hours nnd ir GFIiMANYS minutes, tefying superstition, 1.1 persons were aboard the Imi X. It was announced by the State department In Washington that Colonel and Mrs. Lindbergh will start before long on a pleasure tour of the Orient In their I.ockhoed plane. Hying to Japan and China via the Kortli I'aclllc and Hussla. They probably will follow the route taken by the army flyers In I'.CI, giving to Siberia by way of the Aleutian Islands. c. C. TEA Gl'E. one of the or iginal member of the federal farm board nnd lis vice chairman, bus resigned, having served one more at car than jfirst Intended.be In Pi. ' bis letter to President Hoover tendering his resignaMr. tion Teague declared the board C. C. Tejgue bad fully Justified Itself nnd lis cost to the taxpayer. He nald that without Its advice nnd revolving fund many farmers' would have gone under; and lie warmly defended the emergency iterations of the board In stabilizing wheat mid cotton. "There are two distinct methods of stabilizing itiaihots," he pointed out. "Probably the one that has leen emphasized most In publicity the Mobilization operahas tions on wheat nnd cotton, which were entirely emergency operations undertaken to meet emergency con lilt Ions nnd which I believe are entirely Justified nnd which will have rctiltod In benellt tn agriculture rnd tuisiiios generally fur out welching any rest to the treasury. "However, In my Judgment the greatest benefit will come through another type of stabilisation of markets which will come through the long time project of developing control of system of agricultural product, which will effect n belter control of production and ii better control of distri butlon nnd thus have nn Important Influence In the stabilization ol markets." b-- cti TEpoliticalESSHE'S finanX X were f cial trouble approaching a climax the during week with the state legislature preparing to vote on the question of Impeaching governor, on the general ngrl the bureau of agricultural economic of the of Agriculture shows that American f.irmer nrc selling their produce at less than prewar prices, but are paying about more than before the war for the thing they buy. The bureau estl nintcs that farmer now receive 8! per cent of prewnr prices and pa IM per cent for good bought. one-thir- the Henry The liorton. situation In H. Nash- was tense. ville Though the foes of Cov. Horton the executive were apparently In the majority. Horton seemed undaunted. .Most of the eight articles of Impeachment reported to the legislature by a committee relate to a main charge of conspiracy, alleging plots between the governor nnd Col. I.tike l ea nnd Kogers Caldwell, two bankers who are now under Indictment as a result of the bank failures of last .November. Congressman I'd Crump, the Memphis political boss, was conducting the tight against the governor, though he kept himself In the The resignation of background. Senator Scott FIt:.lmg!i, one of the Crump faction, from the speakership, and the election of Senator A. Is. P.roadbeiit of Clarksvllle to till his plme took much of the thunder away from the defense, for Senator P.roadbeiit Is nn Independent, an null Crump man. nnd bo will be the next governor If Mr. Horton I forced out. and wpstern nlr whose planes fly about tulles annually, have 12.ooo.nixi consolidated their management, operation, tmilic and sales and now become division of Ihe United Air I.lncs, with general offices In Chicago. Ihe line Involved In this big merger are: The National Air Transport, operating from New York to Chicago nnd Chicago to li.allas; Ihe Boeing Air Transport, from Chicago to San operating Francisco; tho Pacific Air Trans port, operating from Sent He to San Ihcgo, and the Varney Air Lines, operating from Salt Lake City to Scuttle and the Pacific Northwest. P. G. Jonnson. president of the P.oelng ci tnp uiles, who was recently made president of the National Air Transport and the Varney Air Lines Is to be president of the new company. F Ol'U lines, eastern CANADIAN tat payers are hard first budget preto parliament by Premier lie announced a U. It. P.enuett. deficit of JsOoui.iXio nnd said new taxes would be required In meet be proposed ImIt. Consequently ports n follow: Increase In the sale tat from 1 per cent to 4 per cent; relnlroduction of Scent pos Inge; Increase of the Income tax on corporation and stock com lanle from 8 to 10 per cent and i new special excess tax of 1 pet ut on all Imports. sented RF.PoliTlNG tv r ay iMk smurjr Tvtiir 1 1 iktitii ivvf jiik er-v- J ..pctlnc great benefits to result from the remurk-iibl- e at meeting Chequers, England, IS- lands now have only one governor, ward again. This bond Issue announced by Secretary of the Treasury Andrew Mellon Is the largest peace time offering of long term government obligations In the country's history 0 with the exception of the bond Issue of HUM. which was put out to rellnance World war Indebtedness. The Interest rate of 3 ',4 per rent on this Issue Is the lowest of any long term government financing since 1!1G 17. Hy Thursday night the new bond been Issue bad oversubscribed nearly eight times, and Secretary Mellon was able to report to the President that the plan of handling the dellelt by adding to the national debt Instead of Increasing ' taxes was successful. The bonds will be dated and will bear Interest from June ).", 1!C1, "OYEKNOKS of about half the and will mature on June 13. UH'.i. slates look part In the annual being redeemable at the option of the treasury on and after June l.ri, conferences at French Lick. Ind rld. They nil! be Issued In both and several of them disrupted the bearer nnd registered form In program of harmless topics by Inof J.Mi. f 1(10, $..K), jecting their own vigorous opinions S.i.OOO. $10,01 HI and $100,000. Pinchot of Into their addresses. In addition there will be registered Pennsylvania, for Instance, Insisted bonds In the S.lo.tHK) denomination. (ii making a hot attack on the pubThe federal reserve banks will be lic utility corporations Instead of the ollicbil agencies for the Hot at Ion talking about timber; nnd In the of the Issue, but all banks will re- closing session Ititehle of Maryland, ceive subscription from Investors. criticising the conference for tryThe bonds will be exempt from ing to avoid controversial subjects, urged the return of ll'iimr control federal, state, and local taxes, exto the states us a solution of taxacept Inheritance taxes and surtion problems. taxes. KRMANY is "S3 VIRGIN bureau of efficiency, has bad a spat with the doctor and retired from the co governorship w hich be lias exerfor nearly cised H. D. Brown two years. In congressional committees asked Sir. P.rown to Investigate the Islands with a view to reducing administration costs. lie mado three long visits there nnd were dishis recommendations pleasing to Cnpt. Waldo Evans, then naval governor. Also, he obtained $141,000 to be expended under his sole direction. Last winter he recommended transfer of the Islands to the Interior department nnd when this was done be returned to help the new governor, Imetor Pearson, whom be had selected for the Job. It Is said In Washington that with P.rown, having quarreled Pearson, has urged the removal of the Inter, but that It Is unlikely the President will lake any such action. The exact cause of the friction between the two men Is not publicly knowu. 1 1 had been expected. Only about 200 Items In the tariff against them were altered by the premier. Customs duties were raised on anthracite coal, furniture, oranges and the higher priced automobiles. There was bad news, however, for Americans who have Investments In Canadian companies, for Mr. Bennett ordained that beginning next July an Income tax of 2 per cent must be paid by nil foreign Investors receiving dividends from Canadian concerns. The only bright spot In Canada's financial picture. Mr. Bennett stated, was the fact that the domin- 1 ion's conversion loan of S'.'oO.ooo,-0MJ had been subscribed tip to He emphasized that during bis regime no fewer than 73 American manufacturers had established plants In Canada nnd made his!t clear he was sticking close to "Canada First"' attitude. Ills conclusion brought a great ovation from bis followers. feed prospects In several sections." that Is Ir Pearson; for Herbert U. P.rown. chief of the federal 66 Manufacturers of the United States came off more easily that of Chancellor For- urift 1 7 - J 5 M "7fl J.u M e,8n JIillIs,Pr Jl'11" with us Curtiiis Prime Minister '!,,lnsn' Macl'nn- aid and Foreign Minister Arthur The Henderson. German statesmen went there Thursday on Invitation from the Englishmen, and the four men discussed thoroughly the bearing of reparations on the world economic crisis. It was the hope of the Germans that this conference would find a way out of the present financial wilderness. The Chequers meeting aroused the French ami led them to reaffirm their contention that German reparations and the Allied debts to America were Inseparably connected by the Young plan. As It Is put by A. L. Jeune In Le Midi of Paris: "On the battlefield of International debts, where we held the front line so long until the Young plan brought us back to the reserve trenches. It would be a great Imprudence to give them up." Chancellor Bruening to give IN A decision that seems assurance that the press of America is and shall continue to be free, the Supreme court of the United States held unconstitutional the Minnesota statute authorizing the suppression of newspaper and other periodicals publishing mailer which the authorities deem to be defamatory of public officials or other persons or Institutions. In the of the opinion of the member court Chief Justice Hughes nnd Associate Justices Holmes, Bran-del- . Stone and Koberts the Minnesota law, In so far as It authorizes such supiresion. Is "an Infringement of the liberty of lie press guaranteed by the Fourteenth The majority of the amendment." court took the position that the freedom of the press to eritleire public officials Is one of the bulwark of our institutions, th.it f.,r any abuse of this freedom there Is the remedy of punishment under libel and ether laws, and that !hc because suppression of periodical of the character of the matter pub lished would amount to the Setting up of II censorship of the press, . Assi elate Justice Pieice Butler, himself a Minnesota!), read a dissenting opinion concurred in by Mellcy-noldYan I'ovmitor, Justice and Sutherland asserting that the maturity opinion give to freedom of the press n broader Interpretation than any that had ever before been recognized. "THE general assembly of the Presbyterian church. In session rebuked the Council of Churches of Christ In America for report of Its committee approving of birth control, an I nd'pted a motion Instructing the Coutull to "hold ils peace on nil question relating to morality nnd delicacy" until they have been discussed with its constituents fit Pittsburgh, n ELATIOXS rrvrsffl lx tweetl Prctllh Mussolini and the V a c n n were strained almost to the breaking point It and outwardly appeared could be no peaceful settlement of the quarrel. But efforts nf conciliation were being carried on quietly Dino Gi.inji by Foreign Minis ter I 'inn Grandi on the one hand nnd Cardinal G,i' p:ir-r- l on the other. The trouble enters In the Catholic Action club. Mussolini decreed the disbanding of all youth organization co- neelcd with Catholic Action bcmisi. (f tied pol.tic.-propng.itH.i closed ihe clubs and playground. The pepe protested against this, both as be.id of i lie Yatienn City nnd ns head of the church. He made effective bis disapproval by vvlthdtawitig his personal represeii. lathe from the Padua i del. rat Ions, canceling the diocesan etielurastic In congress Kome, prohibiting church processions and placing the Catholic Action societies under charge of the bishop. Miis,.inl a out statement sjylug there gave was nothing temporary about hi ae mid tlmt the club were per niaiieiitly close!, Wcdnesiliiy the directory of the KnscM pjirty ordered the leader of all gr.iupi to be ready to defend fascism iigaint Its foe under hntever banner." and charged hat Seine section nf the Catholic Vetiotl society bud been "openly ml surreptitious.';" hostile to Fas 1 there cNm. I t) Iff! Wtfrn NfM'pf Cnlo ?tf D. GRANT JOHN By d powers of Europe are .frankly bothered over Germany's tf, A latest 'addition to Its navy, the H ' ? "mystery" ship or "vest pocket" Ti 1 recently cruiser, Ieutsehland, launched at Kiel. Jl J T V The cruiser, which lias taken f,? f , If jf vs3 .12 nioiitlis to build at a cost of - Jl'O.i'oo.iMi, is admitted by French II ---t. It expert to be the greatest small j? ""-'I? ' j dU lighting ship ever built. There are many pessimistic expert In the French naval staff who Insist that ton for ton the lVulschland will greatly surpass the new 2.'!.."'i;t ton London treaty cruisers France is to build. The new lightweight engines In the Ieutsch-latid- , which have been brought down In weight to IS pounds per horse power unit, have no equal in any other navy and the advantage of the German warship lies In the fact that, filled with such engines, it ;m mitsjieed liny other ship in a long cruise, 'Mial make It particularly dangerous as a raider along the commerce sea lanes of the wirM. Even among its newest cruisers. Great Britain has nothing to compare to the I 'eutschlainl. France and Paly, eat h allowed two ii cruisers under the recent agreement, may develop something iis equal, but the superior tonnage wiil make the French nnd Biili.ui ships i twice (he targets. line of (he most striking features of the I is (he fact that the ship's liew oleu n in. h i uiis are able to tire Circe times the weight i f aiaiuun.'iou of similar guns of the old build. This, ,,uipo, with the guns' range of almost ::o m;!,. tM. greater speed and case i.f maneuvering, greatly increases the military value of the s!, ,. i i,,;.,. pi ;st nut! nirer.ift gun nod spc. j.i! f,v-- treating apparatus help protect the ship from air atlai k. The ship has relatively s.iiall draft, enabling 'motor ships, Tloy nave her a weight of about her to sad in shallow waters where submarines (on and give her a cruising radius of l1',. iiniiot follow. At the same ume her ability to mil.- - at 2o knots. By economic, c fuel she sail in shallow water Increases l.er value for could, so It is contended, cruise is.ooo mile coastal defense, which Is of prime Importance, without refueling. for the want the ship to defend Fast She I designed f..r a maximum speed (,f 2; Pruss,a, whi.h was cut off from the motherland but it is anticipated Unit she will be able jkuuts. by toe pohli corridor. to exceed this figure. She is nldtf ll,.. first f Whether the I will fulfil all expoe- her das-t- he Braun-latioiiErau l.othringoti. of the German li.ival authorities will be nnd l:isas (also known a h,- - " es( erkreunr P.. C nnd I') lire planned to follow, by (;n.e. Nevertheless. l ockef cruiser Is u threat to all other wiirship The first appropriation for the Ersatz I.othrlng. aim a matter of Ueen concern to even- feiw.lion were voted bv l ie tisi ... till .v. ir. power. It Is, i.f course, possible that the shin will l lihT Arti.le Is of the peace treaty Ger- not cnydetily fulfill what I expected of her. I liiatiy's naval for.es l.re limited to s.x battle somewhat of nn experiment and there ships, sit b.ht cruisers, twelve destroyers, ami r'in be no final Judgment until she lin made her ttteHe torped'i boats. These units may, under j 'rip, only two dof.n seem to be antic!- AriMle l;i. In replaced by "armored ship-- ' as at nil possible; Excessive vibration ll'd t'Xi.'eeditii: M.IKO (oil, hgbt cruiser not ex'"! a low freeboard which will, tierhai.n make '..mm ton, destroyer her rather a wet mount for pun in a hi h not eviiM-dniset otis nnd torpedo boat not exceeding "mi ..n i.ui even tr (he slight relating to CoIb-bnttlcships nnd cruiser tnav otilv be re- - otie of (),.- most remarkable nnd formidable e emi ,.f ii j ear, her stniiiler craft i W'M llmugh sis... n proportion to her puiici nt lit the end of !... And a her present bailie- - '"linage, ot.e i.f (he most extK Hs've for t,n I,... ship! are nil more than 2 venr old. she i !,'"st about ft.'ii.iVKiiin) free o carry out a replacement program. The Inila.-ncf c,e i..s...i ,i... The .es,!.ilitie within the harrow limit proldetn of Internal i..nn nlreadv ly the treaty huve b i exploited with extreme (apparent. She prove th .j maximum fighting etli- skill and resourcefulness. The tuni! have imt j can be achieved without Ihe huge , overstepped by h hair's bretidth. but -nt. tdai cinents .f il,e i.,..st . .,...(... i. "i.-ii iiiiioai h it ia ( ere Intended to Itiough th.-prevent t jcriMiiiy hV.e t!,,. NVNon. i,.,,,,r,j from having a I' 't that would be more Ihaiii"' "LVft tons. M,e has bronchi the I.I....1 a N'orih s,.;, r p,,,,,. jitn.t. the I.eutsehhttid efli. maximum ieticy d..n to perhnp immi so a type .is to give Certminy a naval or, at the ntott '.iMsm (ti preponderance over all the other P.altie power The great .dvui.tm-.- . u IIi'll L I... n ,i...It desl rMV cnihilied. to llillueiiee the construction proj-ray "'her Vese of her own s.7.e (Ihi pHSSt. i f the gnat naval powers, nnd i.nce more to put 'on. finch Cun ' u iishington Treaty" rrnUer inio Ceriti.tiiy'n band that wcii,o whiili she woui'l j le lit,. ipnte .((,,,! Itgaitist ,er) ue ;!, .... . (m i, l ie effect hi the World war 'Kill I It lr.iif - soul sia ( an run awny the Wi ef i.iiimieiie raid, tig. fr-.ai.iial ship win, header nrmatnent (M,e 'Ihe In Ves. .listened f,,r o:liiial!y termed an 'ur NiKeti f ,h,lK) n,ore. rn's.-r(i'miri rreu.erl. but she Is really Ihe o, iv .),!,. that ...;.i ..v.rhaul her with ,h,v more ike a bati'e crti s.r t'mti n cru r l:i ea. and b falily ru-- e ,.f l,..r i ti i of her Small Sie, Wllieh ll Al"'" the British battle rruis.T Ho.., earm-sp'b' for (H.'.MH lo r llie iia Khiilne of "no. Let batllesha inn normal i.... ll.r or o l ll nil spee. ' ' . ... standard diphn emeni, n o, n,,, hunt and lu r 1.'. inch pre-i- i gun. Scrd-epiml toll. Her length, beam ii I Ill datklios ,.r with low visi!,,v ,,e draught nre still unreveuled, , I that lur crui.cr could. It ,,,,,. Mri,risi. ,. draught i known to be shallow. She carries f t la.k en capilal st,i,,, M.(i , 11 im h. eight feiiuh, four 3.t Imh gut, Mn, six attempted by . t, ,lf .p h)fo , ( in" iti.li tropedo tutu. Her IMmh gun nrc of war. Whether Wilt be built In .hip "replv" t Krupp maiiuf.u ture. They Pre n pr..Je, tile i v i.i nn tne c(Oir taken by tiaval weighii s lit'i pound nt u range of r." l n n who". di'iitiinitiieiit st nn elevatHUi of rl degree. Kiev have jar The (hief rriti. ef the put !eiit, bland who Inent loading gear whidi. so It I said, will enable i "me rtiiiiieiit pnvnl expeii pi. Flllil Alhodt liiein to fire four rounds a lliinute each. I'd the h.tn Admiral UnMer, ledd Hint the blefl Iter underwater protection (,:,, t ,0 ..f the Is bas- -l n stratevie nd t.olltlc.t re r to any thing hitherto siiowtt. Mm ha a oncepiion (hat are iinre.il n, n,e world sitim-tlot- i (ompiete belt .f armor and protective .hi it i im, Arm . moid nr.. Her hull t,t absolute electrically welded. Mie currle f but relative, ;eriimi.y,ti new tutvnl program will set engine that nre ;rft.t and powexceptionally it.cr.-Msher relative strength only n bmc n the erful and weigh only IS pound per unit of horse ther navul power ii iiw lf , Krpf)1.h i.vi compared villi hhh i were to regard this program a n unit, tnenBe to the average f.r the lightest Moel engine (,t 'heir s.s unty M s..t, they cmhl be'Ll ship more ' xvs. tf-- H'? ' I ixsL,J ' ? ' w'V k I L- V'lx mi - II V ' i'f ViJ- ' I ''' . 'b Ci"" V''A .. 3J tsf" ZSf3?ffc&( - ' flfS , ' - f tsT-ZCja- "S f si ' n kt 2.'!,"g'-'t-Io- mm Fritt - i:rtx s ri-- - "'-"- I i - s-- ar - tt. i:,n I s.-- t m-.- din-bee- - - i i, )., j (is,:,.r.)lt i,r"' s 'ti. - , Vt - ap-a- i I . m .,.,,, ! . !. tri-tti- . flss.-r,,,.!- ,;,,,, ,.,,, ,,, Ve-s- .! - in ,.r fir u vee .jeo 'V- - than the Iicuttfchlund end readjust the balance Jn their own favor. In other word, the otln r naval powers can always "go one better'' Hum Germany, for whom there Is a limit fixed by the Treaty of Versailles, whereas for the other power, although there ore limit, there are none a rigid a thl. Also, the treaty forbid Germany to replace her vessels before they are ) years old. There are probably few Germans who have much faith In tho future of International disarmament. But such prospects a there are o critic of the Iieulschland would maintain can only be diminished by Germany's new naval program. There will not be another disarmament conference In which the I'eutchland will imt lurk In the background and perhnp In foreground. She ha started n rivalry In navnl In the Baltic sea. For Poland. ' nrmatnent power h.i now become a matter of serious consideration. If Germany's own security were Increased, then the price of Impeding the rather problematic progress of disarmament might from the Gorman point of view be worth paying. Bu so far from Increasing Gcrmnny's security. th Heutschlatul Im decreased It. : Illtlirrta postwar Germany simply did not count on the e nnd wn not even a potentliil enemy In naval wnrfare. Now she I n potential enemy, but al0 one that can, If necessary," be placed In a of permanent Inferiority by the buihlint program and naval alliance directed against her. What make the arguments for Ihe Icut'h-lancritparticularly unreal In the eye of her ic (he general character of a prospective war In which Germany might be Involved. Sinn war would Hot be decided by operation slow as (he embarkation nnd dlenibnrkali'"i p' troops, or the gradual economic pressure of comIn tlf merce raiding. A doren German cltie lluhr, the Bliliiohind, Saxony and Silel!- ittllhln easy range of French, .ech nnd Polish heavy artillery and could be swiftly detro"l without any Invasion of German Soil. U'ith-- ut heavy artillery, tiink nnd alrphme. Germany I quite helpless, and the IoutclilHti'k even With her Sister Ship, doe not make l) les helples. Her passenger ulrphinct might conceivably carry out n few raid In darkness, e they could hardly riigage tho modern air S'l""" run of the grout power. 'To build the Ieiiti wM" land was, therefore so the critic say of nmney, and a very large sum, too, and thef i (Highly bail politic a well. Her fhntiiplonn have won. Natural prhle wonderful engineering feat Im had a g"'M' ir to do Willi ihelr victory. In any mse. the "mystery ship" that li sin riled the world I not quite the uuiniii-"1and Indubitable terror t Germany's pntr-nilrtiettil.- - and the Insuperable defense to Gcrm"f9 herself that her pwn Instrlnslc merit engineering font might seem to warrant. e.Tis tive i 111 P"1-Ho- n d I ' 0: W t.rn Kewapaptr Union.) I 1 |