Show says say waste and extravagance caused panic cincinnati in his anual lefore the national Ilard hardwood wood lumber as association r ocia tion on thursday ay iy president john B D rasom declared that maste wasteful ful extravagance in public and bubness buhl life way was the cause of the recent panic lie he spoke of the value haluor or of the movement for improving the tha waterways and pres presuming eming national forest lands lie ile said a large percentage of the lumber mills were closed but that the lumbermen were far from dead the report of secretary lewla lewis doster showed that 70 76 per cent or of the mills had been shut down during tho the panic and that most of these will not begin operations until march 30 or later |