Salt Lake Telegram | 1925-12-31 | Page 1 | Every Sign Points to New Assaults on Postwar Depression

ery Sign Points to ew Assaults on Postwar Depression I See Good Farm rs Irs I- I Fear ear r Higher Wages Increased Business the Asted Asted As- As rAGO HI AGO Dec 81 By ted led Press Press Financial Indus- Indus fed nd agricultural leaders hail hall hallas hailU U as promising to lead the nan na- na away from the n 2 much farther of postwar depression rb t representative oft of t lt aBd nd retail dry goods the farmers labor and lInd bank- bank both In agricultural and lIve bye in industrial dis- dis and loDs eU tJ agree th the new ew year will r hal In an on era of ot better times rali outlook comes come come on the heels bu buy Christmas most ison which closed a I which many manyi tol year during ss i records were broken ThIng sIll ng standard of living will p n upward trend In wages and prices business INCLUDED Ea armer is on the threshold o of or us days Industry and nu Captures will increase I ad d need peed all o of the available r he railroads will be busy If ay traffic trama and the year will lavy no ne of r large but conservative nJ s the t money will tend to a mod mod- it l of stock and bond t. t And speculation in real est es- es t 14 other fields It is felt The Ic n is for ample credit att at i t rOry rates rate I ba peak of this period of oJ prost pros- pros t t probably will wm be reached dur duro 6 says Colonel Leonard P. P r tIC the Cleveland and Trust com com- TI nationally known 1 In the earlier months of ot thea the I jo a 0 course of oC general business n se iea to be ascending to that end nd during luring the latter months byear descending from It lt OMPSON TALKS T farmers farmer's condition Is 19 on the fe the most favorable since Jwia Samuel H. H Thompson II i of ot the American Farm cello be done 0 put a e cut 1 ure ball basis Is ItH h business strong but con- con lle e in balanced proportion m ea r ahead of oC us should be one gP genuine lne widespread prosperity lt lasses throughout all parts cOuntry Is Js the Inspiring 1 voiced by James Simpson t of ot Marshall hall Field Co i n tar far as one can forecast the r ear 1926 should be a year equal to or greater lit at of oz 1926 1925 a year ear for the theof ron Jn of ot those disparities which x a n year ear to for consistent it of at constructive Ive business 5 ent concludes Walter V. W. I of the Omaha Nati Na- Na ti ank centered In the agri- agri l iraj beU LOOK PROMISING t 12 prosperity 1 Is now an esah es- es ah d fact tact and the future outI out- out I splendid said eald Frank L. L J Ih i president nt of oC the Chicago rI d Underlying farm it ons gs ar are healthy and sound found h far farm credit situation Is Ce he balance between farm farmand ind and other articles having n. n a mor more equitable status I. I Lasater asater sater president of the t Ita ta m 1 nn l Federal deral Land bank ii Kansas Oklahoma r ral 2 and New Mexico thinks Ines M r 1926 probably will be the Bince the tho called so-called period of ot pg t following the war var In o country a purely and livestock district fie It a ady distinct business on affecting of he be basic basi industries I every evely Federal Economy and Tax Reduction High Spots in 1925 Development By Dy LUDWELL DENNY United Press Staff Correspondent WASHINGTON Dec P 31 a 1 United Press Press Politically and anti legislatively legislative legislative- I ly the year 1925 was quieter than any since war pre years ears For the first time since before the war congress congress congress con con- gress was in recess for nine months and it was an S n off oft year for elec elec- Buttressed behind the mandate of ot votes received in the 1924 1 election President Coolidge intensified intensified fied fled his policies of conservative administration administration administration ad ad- ministration with federal economy and tax reduction as the focal points Meanwhile administration opponents challenged and defeated the administration when the senate re rejected rejected rejected re- re the presidents president's nomination of ot Charles B. B Warren as attorney general gen gen- eral and again at the polls when Robert M. M La Follette Jr following the death of his father was overwhelmingly overwhelmingly overwhelmingly over over- elected senator from Wisconsin over his Old Guard opponent nent I Overshadowing other attacks against the administration in public public public pub pub- lic interest were the sweeping charges of ot Brigadier General William Wil VU liam Mitchell assistant army air chief against his superiors the consequent Mitchell l demotion and and special presidential air board probe While Europe was apparently moving toward in international accord through the Locarno security and arbitration pacts the state department depart depart- me meat ment t here was having its difficulties difficulties I ties In Latin America and the far east A sharp exchange of ot words with Mexico the disputed ted preliminaries preliminaries under General John Pershing PershIng Pershing ing of the Tacna-Arica Tacna plebiscite and Chinese civil war and for anti eign demands embarrassed the administration ad administration administration ad- ad ministration in conduct of ot its Us forein foreign for tor- eign ein policy CABINET CHANGES Cabinet changes which continued throughout the year began with the announcement early In January of the resignation of Secretary of ot J Hughes Hughe who was waS' f B. B Kellogg to Gr Great at Britain On the retirement of oC Justice e McKenna Mc- Mc Kenna Attorney General H Harlan B B. B Stone was elevated t t to the supreme court and John G. G Sargent of Vermont Vermont Vermont Ver Ver- mont was put In charge of ot the department de department do- do of ot Justice President William Wil ViI liam tiara M. M Jardine of ot the Kansas State Agricultural college was appointed to succeed Secretary of ot Agriculture Gore lore who had been elected governo governor governor gover gover- no nor of West Virginia Alter After five months' months absence from Washington following a a. paralytic stroke Secretary Secretary- of War Var John W. W Weeks resigned in October and Assistant Assistant Assistant As- As As As- Secretary Dwight F. F Davis was appointed In place Vice President Dawes celebrated his Induction into office oice on March 4 with a n. vigorous and sweeping at attack attack attack at- at tack on the senate rules and al alleged alleged alleged al- al methods of ot that body During the summer and autumn he campaigned in various parts of ot the country in p preparation for tor an attempt to limit senate de debate debate debate de- de bate and speed up p parliamentary procedure Dawes gained further prominence by being absent from the chair when the tho senate deadlocked 40 10 votes to 40 on acceptance of ot the Warren nomination and when hen his vote would have meant victory forthe forthe for forthe the administration On later ballot ballot ballot bal bal- bal bal- lot Senator Senator Overman an ot th changed his vote dl an affirmative affirmative af af- af- af to a n negative pd d for the first time limo since 1868 a presidential cabinet nomination was rejected bythe bythe by the senate CONGRESS The e months' months session of the outgoing Sixty-eighth Sixty congress produced produced pro pro- little important legislation The postal pay bill vas adopted over the tho presidents president's veto It provided provided pro pro- vided for increased postal rates to cover salary raises for tor government postal workers Most of ot January and February was spent in an effort to determine how the tho government should hould dispose dispose disPose dis dis- dis- dis pose pose- of ot Us its it big nitrate te power plants at Muscle 1 Shoals No conclusion could be bo reached and Continued on page 5 FED FEDERAL RAL ECONOMY TAX REDUCTION FEATURES OF 1925 Continued from page 1 t. finally the house Just before It ad adjourned ad- ad adjourned l Jl 4 adopted a resolution resolution resolution tion asking Mr Ir Coolidge to appoint a commis commission ion to study the problem This was appointed and andrec rec recently made a a. divided report to the president which he has submitted submitted submitted sub sub- to congress Steps were taken to punish those In tn the Republican ranks who participated par par- In iii the uprising against President Coolidge In tn the 1924 elec tion Senators La Brookhart Brookhart Brookhart Brook- Brook hart Frazier and Ladd were shorn of ot their Republican status by vote of the Republicans for their part partIn In the third party movement The administration organIzation in In the I house also took action ag against thirteen thirteen thir thir- I teen Republican Progressives On June 18 Senator La Follette died In Washington and four days i later his Progressive associate Senator Ladd of ot North Dakota died in Baltimore The Democratic party was also bereft of its oldest leader William Jennings Bryan who died following his spectacular fight for orthodox religion as a a. counsel for the state In the prosecution of John Thomas Scopes for tor teaching evolution In th the e Dayton Tenn high school During the year the American debt funding commission reached funding agreements on war and re relief relief re- re elIet lief lIet debts with Jt Italy ly Belgium Czechoslovakia Rumania and Latvia These agreements have been submitted to congress for ratification Following an unsuccessful attempt to fund the French debt resulting In a tentative five five- year agreement the French government government govern govern- ment no notified titled the United States that it would reopen negotiations in the near future N Despite civil cl war conditions i in n China and foreign anti-foreign riots the thelong thelong long deterred deferred customs conference convened in Peking Ip October with wit h representatives of ot the United States State s and other powers attending The I conference which is still In session recognized the right of ot China to tariff autonomy beginning January 1 1929 with the Peking government in turn agreeing to abolition of ot the tho likin or provincial tariffs Silas H H. Strawn of Chicago was American representative to the joint commission on extra- extra rights in China which convened in Peking December 18 MITCHELL CONTROVERSY The aircraft controversy which h centered around Colonel William Mitchell was many sides involving hearing by the special Lampert house committee the presidents president's special aircraft board hoard under Dwight Morrow of New York the navy inquiry In Inquiry Inquiry In- In court on the Shenandoah dirigible disaster in which fourteen lives liveR were wele lost and the Mitchell court martial Immediately after the Shenandoah tragedy and ten day disappearance of ot the naval plane p 9 1 9 1 off oft Hono- Hono u Its San Hawaii Francisco ti tl 1 ude n d' d navy officials with incompetency criminal negligence and almost treasonable administration of ot the national defense I The Morrow aircraft report which was submitted to congress did not uphold the Mitchell charges or 01 support support support sup sup- port his plea for a unified air ser ser- vice It recommended among other things appointment of assistant secretaries of war navy and commerce commerce com com- merce melce to handle air problems and the creation of a bureau burea of air navigation in the commerce commerce department department department depart depart- ment to further commercial aircraft development The house committee report however supported Mitchells Mitchell's demand demand demand de- de de de- mand for a single department of defense with coordinate branches for tor arm army navy and air It placer the United States third In n air an r strength compared with other powers powers powers pow pow- ers and stated that adequate air equipment and a definite policy are ale lacking Other Othel departments and administration admInistration administration adminis admInis- policies also came under attack during the year Homesteaders Homesteaders Homesteaders Home Home- and western congressmen and senators charged that Secretary of ot Interior Works Work's policy of forcing instalment payments by settlers on reclamation projects despite agrIcultural agricultural agricultural agri agrI- cultural hard times worked great hardship on the homesteaders rs Criticism wag levied against the official crop reports ort and estimates tes of the agriculture department especially es especially especially es- es b by cotton otton growers and ana senators senators sen sen- from southern states Follo vine Folio ving attacks upon the ad- ad ministration for alleged d Inefficiency In prohibition en various federal prohibition agences were and coord la ted under the single command of ot General Lincoln C C. C Andrews as assistant secretary of ot the treasury Renewed efforts were vere made by the United States guard to check rum running I I With appointment of ot William E. E Humphrey of Washington a Coolidge Cool- Cool idge campaign campal n manager on the federal trade commission that body adopted new rules limiting the publicity of its cases and adopting pro procedure allegedly favorable to big business ss interests Senators Borah Norris and others then declared that the original purpose o of the commission commission commission com com- mission had been changed and that It should be abolished SHIPPING BOARD Controversy raged around the United States shipping board during most of the year ending In President PresIdent dent Coolidge's recommendation to congress In his annual message that the boards board's powers be curtailed and its administrative functions placed In the hands of ot the Emergency Fleet corporation subject to the president Earlier In the year Commissioner Bert E E. Harley Hal a minority member refused to resign at the presidents president's request F F. I I. I Thompson another minority member resigned to be free to oppose administration policies policies pol- pol and the board ousted Admiral L L. C C. C Palmer supporter of ot the ad administration administration administration ad- ad ministration and head of ot the Emergency Emergency Emer Etner- gency Fleet corporation Secretary of State Kellogg was attacked for excluding from the country as visitors Countess Catharine Catharine Catha Catha- rine Karolyn wife of Hungary's first firs t I president and the British communist communIst com corn and member of ot parliament Earlier Eailler Secretary Hughes was attacked for tor an alleged gag rule on Count Karolyi Karoly Senator Senator Sen Sen- ator Borah introduced a bill In the incoming congress amending the law on aliens and restricting the state departments department's discretionary power In n exclusion case cases Stabilization to Continue Mellon Continue Mellon Mellon WASHINGTON Dec 31 AP AP- AP Improving conditions both at home and abroad during the past year justify the belief beliet that 1926 will st see e continued progress progress toward world stabilization in the view of ot Secretary Mellon The year just closed the secretary secretary secretary secre secre- I tary said today has been a fortunate fortunate fortu tortu- nate one for this countr country There has been a a. steady Improvement in general economic conditions which has been reflected in the governments government's governments government's governments government's govern govern- ments ment's finances The treasury shows a comfortable surplus which is not only available for fOl reductions in taxes but affords an opportunity for fOl placing the tax system on on- ona a sound basis The past year has also seen important im inn- developments tn to Europe The funding agreements which have been reached by this country with th debtor 1 l 1 ave reaching far results and already there are signs of improving condItions conditions conditions condi condI- abroad which inspire confidence confidence confidence dence for the future and Justify us In the belief that the year ahead of ot us will l see continued progress toward world