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Show THE PAGE TWO News Review of Current Events the World Over Unitetl States Steel Cuts Dividend Rate an.I Will Keduee Salaries Germany Now Is Helping Herself. EDWARD W. PICKARD I5y Tils i ""T J. A. i.u United Steel. ,9 York reduced the quarterly iiiviueiiii on A 1 I generally regarded ii.i llu' barometer or American business conditions, went on record when the directors nt their 3 I v. mi coiiiiiion Ktock sharply from $1.73 The new (o $1. d Farrell I v I il en (I rate amounts to $4 a nhare Instead of $7 imd Is the lowest pnld by the corporation In years. At the name time the directors dealt with the wage question through a recommendation that salaries of olllcers anil employees he adjusted, leaving It to the management to determine the amount of reduction In pay. There was no mention of readjustment of wages and the officials would not comment on the possibility of this action, but In some quarters It was thought the directors were authorizing the first move In a program that would be extended to labor In case this became apparently unavoidable. President Hoover's administration took occasion to repeat ils plea Hint there be no lowering of wage scales In key Industries and i.f living standards, and of the President .tamos A. United States Steel corporation one of as the lias been regarded fitancliest supporters of this policy. It Is in The reduction salaries. understood, will he put Into effect as soon ns the adjustments can he worked out. The proposed cut will be applicable to nil salaried employees and will average about 10 One ruper cent. It is believed. mor Is that some of the higher executives will accept larger reducPresident Karrell himself Is tions. In this latter category. The exact amount of bis salary has never been made public, hut one guess places It between $100,(MK and six-tee- $1.m.ooo. of the dividend The reduction rnte more than UOO.ooo Stockholders. Steel stock Is owned and traded in throughout the world Wall Street took the news alTects the directors' action quietly, tliouen It hn.l hnnnil the divlilend rate would be placed no lower than $1.25 a quarter. f C'Ol'R more bold crossed aviators sue- the Atlantic cessfully though the first pair were far from reaching their destination. Hugh Herndon, Jr., and Clyde Pangborn took off from the New York municipal airport with the Intention of flying to Moscow and thence around the world. All the way across the ocean they flew through dense fogs and they were compelled to land In a farm field Bear Cardigan, Wales. They went on to London and continued their flight from there. Russell Bonrdman and John who left at the same time and from the same airport on a flight to Turkey, were more successful, for they landed safely In disIstanbul, beating the tance record established by Coste f France. ocean, non-sto- CHARLES Pol,. and Mrs. p A. LINDBERGTI Lindbergh started from Washington on their long and perhaps perilous aerial Jaunt to Japan In their big sc.trlet and black seaplane. The first hop, which was intended to take them as far as North Haven, Maine, where Is the summer home of Mrs. ended In parents, Lindbergh's Flushing bay. New York, in the ildst of a thunderstorm and heavy downpour of rain, The next day they proceeded to North Haven, and then to Ottawa. The tour of the Lindberghs will take them up across Canada to the Far North, across Alaska and to Japan by way of the Aleutian islands. Their Lockheed Siriu.s plane has been equipped with every device needed to make the trip safe and successful. 1 up by encourag- CHEERED and ing promises of predictions Prime Minister M a cDon a 1 d of Great Britain. Secof State retary Stlmson of the United States and ether eminent G e statesmen, worked hard during the week to rescue herself from Herr Schmitz financial collapse. The distinguished visitors were received In Berlin with uproarious demonstrations and were the chief figures at banquets and conferences. "Britain's confidence In Germany is undiminished." declared Mr MacDonald. "We are filled with admiration for Germany and we are firmly convinced that If she continues her efforts, If she exerts all her Intellectual, moral, and economic powers to get on her feet again, without giving way to despair, other nitions will help her and not suffer her to go under. A free, Germany is Jodispensable." Mr. Stimson, before leaving Berlin for London, Issued a statement lo which he said : "The American people have faith la the German people and believe In their future. My faith In Germany hax been strengthened by my visit here. I believe the present difficulties are due mostly to temporary lack of confidence and that through courage and renewed confidence (iermuny'M welfare will be restored " The German government announced the formation of the "Acbank ceptance ntnl Guarantee" with a capital of $ IS.OoO.tdK) to facilitate the Immediate financial transactions of the country and to of all make possible the German hanks. The lteichsbank and eleven other leading German banks guaranteed the credits to the new bank. In addition to removing the restrictions on banking activities throughout the country, Dr. Hans Luther, president of the lteichsbank, and Chancellor Bruerilng said they hoped the new bank would the closed a'so help I larmstaedter lind National bank, and save other small banks now tottering. One important step taken by the government was the appointment of Hermann Schtnllz to assume control of all German banks during the crisis. He was made controller of the country's financial structure with power to draft plans to stop the flow of funds from the various banking bouses. Herr Sclimltx lias been closely identified with the gieat chemical Industries of Germany. -- - I & 1 V i CONSIP V. R Is evidenced In Washington In the political future and plans of Henry P. veteran Fletcher, who has diplomat, .A I Just tendered to Hoover President bis resignation as chairman of the tariff commission. i. effective o n P. Fletcher vember 15. Being M r. Interviewed, Fletcher said tersely: "My plans are Indefinite, but 1 certainly don't intend to go into a convent." There were rumors that he would seek the Republican nomination for the Pennsylvania senatorship ns suc- to liuaiitor llavla, but tll riuir he denied. Also It was thought he be might appointed governor-genera- l of the Philippines. In view of the tong experience of Mr. Fletcher In the diplomatic service and the fact he served ns ambassador to both Italy and Belgium, there Is talk that, if any chnnge should be made In the office of secretary of state, he would he n logical man for the post. Following the election of Hoover In 1028. he was mentioned freely for secretary of state and for ambassador to Great Britain and ambassador to France. Long a friend of President Hoover, he accompanied him on the good-wil- l trip to No-H- Latin-Americ- H. NORMAN of America's most em-- I n e n t financiers and at present trustee of the Bank of New York and Trust company, an- nounced that he had accepted a post on the finance co- mmittee of the League of Nations and would sail for Europe almost Im- N. H. Davis mediately. His first business there will be to attend a conference on European credits which will open August lit). He will then take part in a meeting of the finance committee early In September. He will return home in October, and will not be obliged to relinquish any of his business Interests In this country, ns the finance committee of the league Is called together only three times a year, each meeting as a rule, continuing for only a few days. Mr. Davis Is entirely familiar with European finances for during bis distinguished career he has been a member of numerous international commissions and conferences. In 1020-2he was undersecretary of state. 1 ONE more report has come from Wickersham commission. It deals with the American prison system, which it condemns as Inefficient, antiquated, failing to reform the criminals or protect society, and ns using brutal and unmeasures. justified disciplinary Much of the report is a denunciation of prison conditions, characterized as "almost Incredible," under which men are imprisoned In overcrowded cells without sufficient light or fresh air or benefit of modern plumbing. It attacks also the system of prison discipline described as "traditional, antiquated, unintelligent and not infrequently cruel and Asserting these methods "contribute to the Increase of crime by hardening the prisoner," the commission urges they be changed by law. Outlining what Is considered the Ideal, the commission asserts segregation of the diseased. Insane, and hardened criminal is one of the first requisites. It holds fortresslike prisons of the Auburn type are unnecessary gave for the worst types. drug-addicte- Under the proposed system all prisoners would be paid wage,.i their treatment would be more of-' ni.cil. the cliooKing of prison ficlal would be removed from poll-tieand guard would be trained tpeclticully for their tak. It Is advocated Hint "no man should be ent to a penal Institution until II Is definitely determined that be is not a fit hubjert for probation." L'xtPintluii of the parole system also Is urgd ns the "best et devised for releasing bieulis prisoners from confinement." fedSanford Bales, director of eral prisons replied to the Wickersham report with the statement that the government already bad put Into effect the major Improvements suggested. Corporal punishment In federal prisons has been banned, he asserted, while improved personnel is being secured by requiring officials and guards to enter under civil service and to train In a school now In operation. liu-iii- s the most strongly opinions ever handed down In a prohibition case, the United States Circuit Court of Appeals of Chicago severely attacked the tactics of dry agents in entrapping offenders, declaring their methods to be "a shock to the court's sense of Justice" and observing that there Is "an ever Inof similar frequency creasing cases" The opinion reversed the conviction of five policemen of who last year were found guilty of conspiracy to protect a speakeasy. "That there was a conspiracy to violate the prohibition law, there can be no doubt," said the Appellate "The conspiracy court's opinion. was conceived by the three prohibition ai;eiits, who enlisted the services of a decoy, Lyle, to more effectually accomplish their object. Horace Lyle, who managed the government operated speakeasy. Is a notorious colored dry spy who has been Indicted for bribery and arrested several times for ONE ISworded of Is n lot of labor trouble East. In New York workers in the men's and children's clothing industry went on strike on orders from the Amalgamated Clothing Workers of America. The objects of the strike, according to union officials, are to prevent a return of sweat shop conditions and to put an end to gangster's intimidation of union workers and otlicers. The two unions In the textile Industry at Pnterson, New Jersey, which are affiliated with the American Federation of Labor, had scheduled a strike for August 3, but their hand was forced by a premature strike engineered by the radicals, and the more conservative ones were compelled to quit work earlier than intended. Thousands of workers walked out and the mills were stopped. THERE "0,-CN- CARLOS and president dictator of Chile, who held bis own throughout all the Latin-America- revolutions of last year, has fallen at Inst. The "man of destiny," as he styled himself, faced with a popular uprising that was all arranged, Carlos Ibanei resigned verbally Just before the general strike. The congress promptly accepted the resignation but apparently withheld the safe conduct out of the country which Ihanez asked. Therefore, In the early morning hours the overthrown dictator, accompanied by his wife and three army officers, fled from the palace in a motor car. At Los Andes they boarded a special train for Argentina, and It Is considered unlikely that any attempt will be made to bring him back to Santiago for trial. When Ihanez fled, Pedro Opazo, president of the senate and vice president of Chile, became acting president, but he lasted only a few hours, for the people were convinced he had aided Ihanez to escape, lie, therefore, stepped out in favor of Juan Esteban Montero, who presumably will be chief executive until a president is elected. Montero Is one of the country's lending lawyers. Chile hailed with approbation the announcement that Pedro Illan-quieone of the most popular men In Chile, had agreed to accept the post of finance minister. His "bread and water" policy during his eight-da- y term as premier has been accepted by most Chilenng as a great step to rid the nation of its economic distress. saw the belated the marble column at Ohio, memorializing the victory of Commodore Oliver Hazard Perry over the P.ritish in the battle of Lake Erie In 1S12. The 330-foshaft hns been completed for 15 years, hut the ceremonies were put off from time to time until the present. Dedication addresses were made by Senator James Hamilton Lewis of Illinois and Gov. George White of Ohio. Among others on the program were Webster P. Huntington of Columbus, president of the Perry's victory memorial commission; John II. Clarke. Cleveland, former associate Justice of the United States Supreme court, and Edwin A. Scott, president, and A. W. J. Flack, secretary of the Canadian cluh of New York. FRIDAY C. MAJOR, representative In congress from the Seventh Missouri district, died in Fayette. Mo., and the Republican majority In the next house was thus restored to two, for Mr. Major was a Democrat, one of the twelve In the present Missouri delegation of sixteen. He was sixty two years old and was elected to his fifth term last autumn. UdV 1931 Western Newspaper tljlon.) SAM TIMES-NEW- NEPIII. UTAH S. Thursday, August 6, 1931 Germany's Cavalry Units Reviewed Once More This Week hj Arthur brisbanb Fortune Tellers? Lore We Need a Yata Crow Lady of Old Auctralia Alfalfa Bill Speak Up The solemn Smithsonian Institution condescends to notice magicians, soothsayers, clairvoyants and fortune tellers, said to extract more ban 1100.000,300 a year from the American gullible. The boldness of predictions made publicly Is Interesting, the predictor knowing that a coincidence may bring glory, while failure means nothing, the prediction forgotten. At a dinner party, recently, entertained by a clairvoyant, Walter Chrysler, automobile man, beard these predictions: "The Kaiser will die on August 3. "Our most distinguished aviator (meaning Llndberg) will meet with an accident in September, serious but not fatal. "In October, Calvin Coolldge will announce his Intention to run for the presidency In 1932. "In November, President Hoover will appear before Congress to request a change in the prohibition law." And for a wlndup, in December there will be a great earthquake, with great destruction. But It will reveal "a magnificent diamond mine." For the first time since the close of the World war the officers of Germany's cavalry units were reviewed and their colors unfurled in Berlin. General Von Mackensen was the reviewing officer and is seen at left wearing bis famous shako. SURPRISE WINNER Lindberghs on Way to the Orient , Walter Chrysler remarked: "If he will answer a question about what is going to happen Id Wall stVeet, I'll give him enough tc buy himself a couple of diamond mines." To the gullibility of the public there is no limit. But our capacity to believe what Is not true, especially about ourselves, accounts for 90 per cent ol our happiness. If only we had a "yata crow" in this country. It Is a bird sent by the sun goddess to Jlmmu Tenno, first Emperor of Japan, long ago, to guide him when, surrounded by enemies, he had lost his way. The Japan Advertiser annual review prints a picture of the yata crow, intelligent looking bird with three lega. The third was tacked on, that it might not be "confused with other birds." Our yata crow ought to have about ten legs to avoid possibility of mistake, and it would be cheap at $10,000,000,000 if it could really guide us, InSur national. International and economic wanderings. In Australia have been found fragments of a young woman wha lived when "human beings were still attempting to walk erect and talk articulately." Hers is "the most primitive complete human skull ever discovered." The back of the skull, you will be sorry to hear, "resembles that of an anthropoid ape." The lady who lived, perhaps, when Australia was not yet separated from the continent, had a brain cavity about half that of a modern human being. And, most interesting, she proves that the muscular system "by means of which man maintains an erect posture, dominates the intellectual system." However the intellectual system also dominates the muscular. It was intellectual curiosity that made our primitive ancestors stand on their hind legs to look above the deep grass and bushes, to spy out dangers. Later, that intellectual curiosity made us stand till stralghter, and turn our skulls backwards, that we might look at the stars. Governor Murray of Oklahoma, proud to be called "Alfalfa Bill," intends to stop squandering the oil treasures of his State at ridiculous prices. He tells the big oil companies if they don't Increase their prices to one dollar a barrel by next Saturday night, he will sign an executive order shutting down all but "stripper wells" in Oklahoma. Federal courts may "drag the constitution" into the question, proving that the governor can't carry out his plan. But there is common sense In what the governor says, and in his statement that oil should sell for more than a barrel. 4 f if l'if jfsgtii Ik w. Col. Charles A. Lindbergh and Mrs. Lindbergh standing beside the plane in which they have started for a flight to Japan and perhaps China, by way of Canada and Alaska. Arizona Man Setting a New Record T " --- 14 (ria .V J Eleanor Egg, the young Patterson (N. J.) girl, who conquered the d famous Stella Walsh in the dash at the national A. A. C. women's championship meet at Pershing field, Jersey City. Her time was :11 and her victory was the biggest surprise of the meet for never before had Miss Walsh been defeated at this distance. Miss Egg is the daughter of stage acrobats, and off the stage is known as a teacher of dancing. 100-yar- INHERITS $200,000 ;J ; A's;-- .5"li&r. r icirMgii - , 'f ?rT - js Everett Bowman of San Carlos, Ariz., broke the world record for secroping and tying a calf when he accomplished the feat In 16 onds. Bowman Is shown tying the last knot that bound the bleating animal. He won the Major Steadman trophy for the feat at the annual This Is Jesse Shima, young JapaCalgary stampede. nese secretary of the late Mrs. John B. Henderson of Washington, to whom that lady bequeathed $200,000 17 for his faithful services. Yacht Crosses Ocean in Days 7 Thickness of Coin The thickness of each of our gold, coins is as follows: Double eagle," .077 inch; eagle, .000 inch; .040 Inch; quarter-eagle- , .034 inch. The silver dollar is .080 inch thick; half dollar, .057 Inch; quarter, .045 Inch; dime, .032 'Inch. The nickel is .002 inch thick, and the cent .043 inch. half-eagl- succeed if you have what people want, and let them know you have It. Mr. Tom May, like other able merchants, understands that. He began, recently, a sale to celebrate the fiftieth anniversary of what Is now the May store in Los Angeles, and did the biggest day's business In all the fifty years, not excepting recent boom years. In addition to having the goods, he really advertised them. You will Some things are encouraging, in our depression. The public buys now, for about $40,000,000 the same quantity and quality of coffee that cost us formerly $200,000,000. That is what makes Brazil sad. America buys now for $50,000,000 as much and as good rubber as we used to buy for $300,000,000. That saddens the British who have a on rubber. But it Is monopoly cheerful for ycu who buy tires. IViu. Dt Klo tatura Eradicate. iac ' T : 1 e, Petrified Natural Bridge In the famous petrified forest of Arizona there Is one petrified log which became embedded In and then ns erosion scooped out the rock beneath the log. It has been left to form a natural bridge. snnd-ston- -- i iirfi "H'lif . ;: . . 4' i s a w i - if QMmim3tnMmn. ....... I! Roderick Stephens' yawl Dorade, shown above, was winner In the transatlantic yacht race from Newport, R. I., to Kngland, and made the remarkable time of 17 days for the Plymouth. crossing Get Used to Draft Don't guard against a draft that only lasts a minute. You are bound to be in them at times and if totally unused to a draft It is almost certain to mean trouble. Harm in Too Much The world's ills are blamed upon lack of imagination, but if a man gets too much Imagination somebody likely will come along and lock him op. Indianapolis News, |