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Show UINTAH BASIN RECORD WmPkwimQowkr rs.":? and i' V'K itsBMf I y a' 4 1 1 , National Prea V fcwj IJ to the -- lish what Is called an open market committee In Washington and to include as members of this committee three members of the Federal Reserve board. The two remaining members would come from Federal Reserve banks. From this It is seen that the Reserve board becomes the dominant body. It takes no stretch of the imagination to recognize the possibilities. Members of the Reserve board, while they are appointed for a term of ten years, sometimes resign or die off. It Immediately becomes possible, therefore, to make the Federal Reserve board a purely political body dominated by the President of the United States. The function of the open market committee, as proposed in the bill, Is to order the purchase or sale of government securities in the open market If these securities are bought the Reserve banks Issue currency for them and they Increase the amount of money In circulation, thereby easing credit If the banks sell bonds which they have in their portfolios, the currency paid for those bonds obviously Is taken out of circulation and that action results In a contraction or reduction of the amount of credit available. If, for example, the occupant of the White House at any time hapInflationpens to be an ist, It is easy to see how government bonds can be absorbed by the Reserve banks and new currency put In circulation in whatever volume the administration policies require. Another phase of the bill would allow national banks and state banks that are members of the Federal Reserve system to make loans on real estate for a twenty-yea- r term. Five years Is the present limitation. One has only to go back for an examination of causes of hundreds of bank failures In recent years to discover that the five-yelimitation probably increased the mortality among otherwise sound banks to a greater extent than any other factor. to ready is now 4 ' A 4 fc r ; , r" ' i , ,7t. y' Beqinninq 7 - !4 w "' , v-- ; i ; t t "'.a.. ,ZXv ' '?? 'f'; pP syP'A ,y,-- - ai.-v kit & , ' - y i $-- : tvf .1 I -- a; v ? ?4 r,rtw tf JP3- ,Vt ': '' i ? ' O iJkv- - KA .: J f 7. 47 fsv V' V 5 WATSON JOHANN STBAUSS ol Vienna was very busy compos Ing waltzes. So begins chapter one of a new book, Thantom Crown The Story of Maximilian and Carlota of Mexico," written by Bertlta Harding and published re company. cently by the r.ohbs-MerrlA dreamy Strauss waltz, played in the ro mantle city on the Danube, is an appropriate theme song for the main character in the drama thnt is about to begin. Maximilian was like that a dreamer, an idealist, a man of extraordi nary purity and simplicity but lacking utterly the clear vision and the ability to deal with practical matters. If he had been otherwise, some North American history even a part of the bistory of the United States might have been different. Dhantnm Crown Is an appropriate title, too, for the story of Maximilian and Carlota, who made the last grand, bewildered gesture of royalty on the American continent" and who attempted a visionary conquest which ended so For the theme song tragically for them both. given to the Austrian archduke In the opening chapter of the Harding book soon changed. The notes of a Strauss waltz were drowned out by tho crackling of the Homes of rebellion and that sinister sound rose to a crescendo in the crashing volley of rifle shots on the Hill of Hells in (Jueretnro where he who would be em peror of Mexico died facing a firing squad. Maximilian wore his phnntotn crown only three years. Carlota wore hers for more than fifty. Maximilian, facing death, declared I die in a Just cause. 1 forgive all, and pray that all tuny forgive me. May my blood flow for In the good of this land. Long live Mexico his last few moments on earth, he heard a faithful subject salute him with Hull Kmperor. Carlota lived to become the mad farewell empress, to linger on In the twilight of insanity, to cherish a delusion that she was still a sovereign and to talk with the Imaginary members of an Imaginary court. Who, then, can say which was the greater tragedy Maximilians or Carlotas? Archduke Maximilian, the youngest brother of Kmperor Franz Joseph of Austria, was born at Schonbrunn on July fi, 1'vl. In 1ST7 the tall blue-eyeyoung archduke was marPrincess Charlotte ried to seventeen-year-olMarie Amelie Augustine Vletolre Clementine lavipoldlne, daughter of King Leopold I of Belgium. When Franz Joseph made the archduke viceroy of the Austrian ruled provinces of Venice and Iaunbardy In Itnly, his bride changed her name to Cnrlotta, the Italian for Charlotte After two years of rule In the Italian provinces, Maximilian was glad enough to retire to tho ease of private life in the splendid Chateau Mlranmr at Trieste. Meanwhile afTalrs across the Atlantic which were t affect the destiny of the Austrian archduke , were rapidly taking shape. Mexico had thrown ofT the yoke of Spain but wns troubled by the internal strife which was to characterize that turbulent land for the next century. Because of these unsettled condl tlons Kuropenn loans became so endangered that In October, 1801, France. England and Spain signed a Joint agreement to Intervene in Mexlee Jn order to protect the Investments of their citizens. Other factors, however, entered Into tills decision at least, so far as France wns concerned For France wns ruled by Napoleon III, Nnpo Icon the Little, a master of Intrigue and poBesides desiring to collect litical scheming. the French debts in Mexico he wns dreaming of a French empire In America to save Catholicism, ns well as tile Latin races, from being engulfed by the Anglo Saxori culture. True, the Monroe Doc trine had been a wnrnlng to the Kuropenn r.a tlons to hoop hands otT In the New World, but this time tho United States was In the throes 1 d d .t ,j4 1 s , i ,A. ( f cirf ; ! Vvv- 'fi 4 v' v :"' 3- - - ' y N - b- ,A - y&xA y : left-win- g .. .. ' s -- v , , V" ''7; p , - ' 'v ; 1 " $ -- :"i s 4ia t?- - $ v;' ''& ' 'a 'C1' w'wV 2" 4 t.v' ' y m V--1 ijs ( ' x - re- f 4 ?, 44 S 4 n rnxoM ElUt fair-haire- 'i n '"' " vyy Xs "t 'x&r Last Moments of Maximilian mvwrwo Car lot a ! ' ','v; .'i.' , ' ;, n J By ELMO SCOTT s . Hff'f J - l:.' ' '4- - - iSiK7 ,, , , Vi t 5 ? ; VVt s & if : , ii kk'-- . Jf Av- - " Av - v, v , ' 7 :j - &,, 4j t - r'i cr '- , 'H- J their assertions. occurrences In the reAmong the how cent period that tend to show Is putting again the administration are home affairs to the forefront for the plans bill, new banking the five bilthe under revival recovery and lion dollar public works bill, and senhouse of determination the ate lately, under a White House If not spur, to clip the wings of. holdthe wholly eradicate, be ing companies. Attention might the in the to uprising called also where Department of Agriculture and Agricultural Wallace, Secretary Chester Adjustment Administrator Davis combined a few days ago to members of their eliminate sumrespective staffs. They did It either not end'is yet, the but marily, as respects plans of Messrs. Wallace and Davis, or the yelps that may be expected from the radicals who .v ,t the Emperor and Empress on deceptionn of Mexico Ending , J - JVwx. ijiVvK Jin , . v&bjf of engage In rehabilitation oftoter exclusion the to tic affairs matter the except national problems, that true is of reciprocal treaties. It of the Department Hull Secretary o the of State, Secretary Roper Sena and Commerce, of Department have tor Borah, In the senate, In one talked about foreign affairs but none of them way or another, or sugoccasioned any observation House by White the from gestions IpO- ' f V. r .,,n -r ny ' ka L , ' $ ? v$U' . -- ' of a civil war and therefore in no condition to hack up thnt doctrine. Or at least, Napoleon thought that this was a good time to put Its strength to the test and England and Spain too no doubt were willing enough to see It tested On December 14, 1801, Vera Cruz was occu pled by Spanish troops; soon afterwards the French fleet arrived with a large force of soldiers and Great Britain sent ships and lauded TOO marines. When It became apparent, however, that France was Intending to interfere In domestic politics in Mexico, especially In regard to the relations of church and state, beyond the scope of the agreement, Spain and Great Britain withdrew their forces in March, 1802, leaving France to go it alone. France thereupon increased the number of her troops by many thou sands and set about to conquer Mexico. The following spring her army besieged and reduced Puebla and on June 7, 1S63, entered the city of Mexico. A provisional government of Mexicans was set up as the puppets of the French and this temporary organization voted in favor of a monarchist form of government. It was Napoleon's idea to offer the crown to Archduke Maximilian of Austria. But Maximilian, enjoying his books and the life of a private gentleman at Miramar, refused to accept the honor and went off on a botanical expedition to Brazil. lteturnlng from Brazil he was approached again. Napoleon was' persistent. The giant shadow of Bismarck, which loomed with an Increasing menace across the Prussian border, was causing both France and Austria some concern and the French emperor hoped that an alliance with the House of Ilapsburg might lessen thnt menace. But Emperor Franz Joseph wns suspicious of this upstart emperor In France and he strongly advised his brother against having anything to do wilh Napoleons schemes. But Carlotta was ambitious. She had tasted the delights of being a ruler, even though a minor one, during the time her husband hnd She was been viceroy of the Italian provinces. dazzled by the Idea of being an empress. For all her youth, she was a stronger character than her husband and she exerted all of her Influence over him to get him to accept Nnpoleons ofTer. At last he yielded to her persuasion and, after renouncing his rights of succession to the Austrian throne, accepted the title of emperor of Mexico. On May 28, 1804, the new emperor and empress arrived at Vera Cruz and although their reception wns not as ardent as they might have hoped for, yet they were warmly welcomed by the clergy and the military elements which hoped, through the monarchy, to regain some of the prestige and the property they had lost. Prior to the establishment of the empire Mexico had known two factions. One was the liberals led by Benito Juarez, an Indian patriot who had been exiled by Santa Anna, the dictator, nnd returning to Mexico after the fall of Santa Anna, had succeeded to the presidency upon the death of Jean Alvarez nnd In 1S57 hnd promulgated the great reform measures which brought about a complete severance of church and state. When Maximilian was set upon the throne by French troops, Juarez was again forced to flee, hut although he was again down he wns far Ti byZgan baul uaurems response to urgent Finally representations by the United States, Napoleon promised to withdraw his troops from Mexico. In the meantime open revolt had sprung up In Mexico! In October, lSGo, Maximilian had Issued a proclamation threatening death to all who offered resistance to the government It was aimed primarily at the bandits who had been ravaging the country. But the Imperialist and French officers took advantage of the proclamation to execute many Liberals who were classed as brigands after their capture and this strengthened the hand of Juarez in his revolt against the usurper. It gained rapid headway and Maximilian, realizing at last thnt Napoleon could not be trusted to support him, saw that the end wns almost In sight For a long time he had been blind to the fact that he was an unwanted ruler In Mexico and that his reign was destined to failure. Even blinder was his empress Carlota, (she had changed to the Mexican spelling of her name upon becoming empress). When he proposed to abdicate his throne, the empress stormed at him. So It was decided that she should go to Europe for a personal appeal to Napoleon to abide by his promises of support and protection to the Imperial venture. Falling In her efforts to win such a promise from the wily Frenchman, Carlota went on to Home to appeal to the pope for aid. In the Vatican she developed her first traces of Insanity and so violent did she become that It was necessary for her to spend the night there. Thus history accords her the honor of being the only woman ever to remain overnight in that historic building. Having failed utterly In her efforts to gain support in either Taris or Rome and with her health and her mind failing, Carlota was removed to her castle In her native Belgium. Meanwhile back In Mexico events were drawing to a swift close. In February, 1SG7, after the departure of the French troops, Maximilian withdrew from Mexico City and went to Queretaro where he assumed command of a small army. There he wns besieged by the revolutionists. He made a last desperate effort to break through and escape but he was betrayed by a Colonel Lopez and the sea. In 1800 in taken prisoner. A month later he was court martlaled and after a trial that was something of a farce he was sentenced to die. The end came for him on the morning of June 10, 1807. The following winter they brought his body to Vienna and the Kapuzlnergruft another crypt of Capuchin monks. A long line of Hapsburgs slumbered here and he was laid quietly among them. . . And while he slept eternally, she ronmed through the corridors of a distant Belgian castle, as far removed from him as their separate childhoods. At times It was as If he had never been. . . Five empires crashed while she sat In her garden. . . . Brooding In her armchair, she watched the sunset of five dynasties: Bonaparte, Brngnnza, Romanov, Ilapsburg, lio! henzollern. Would there be a sunrise? Death came quietly on January 10, 1927. Until thnt moment, however, hers wns an ep'lc hold on life, She knew herself to be a monument to Maximilian and while she lived she from out would not allow men to forget him. To all who The other party wns the conservatives, or the paid her formal visits church party, to whom- Maximilian owed his them remember the she would whisper- Lot fair haired stranger who crown and It had the support of tho military gave his life for the ambitions of that grasping the French troops maintained there by Napoleon unscrupulous Napoleon U't them know that we and commanded by Marshal Bazalne, who was acted In good faith; and may (hid grant that our almost as much the ruler of Mexico as Maxi memory be sad but never hateful. . , mtlinn was. In Mexico they remember Carlota os the As the Civil war drew to a close, It became Mexican Empress, who was nn Innocent apparent that ttie North wns sure to win. The victim In the game of European politics. United States then would he aide to turn Its She will remain upon our history in engraved Doctrine. Monroe Na to the attention enforcing her goodness, her nobility and, above alt as polmm saw the handwriting on the wall. Ut the most loving of women." The world reiuem-l.er- s Maximilian to his all of promises terly fmgetful her ami her emperor as "two royal wnlfs lie prepared to nhumion him to his fate although of chance whose tragic misadventure calls tor some time the French ruler kept up a pro more lor pity than for blame. tense of supporting his puppet emperor across e bv VVKtnrn 1 Xi,niolr Uulo. were ousted. The general Information Is that. In shelving foreign matters, Mr. Roosevelt has determined to lay aside the St Lawrence waterway controversy until pressing domestic matters are disposed of. Almost In the same breath it can be said that new activity has been disclosed on the part of the New Dealers to spread their doctrine Into the states and establish, If possible, uniform laws everywhere concerning privately owned utilities such as electricity and gas. While no one will say so, it is the nnderstanding that considerable pressure is being placed behind the effort to get state legislatures to pass uniform public utilities bills, measures which have been drafted In the Public Works administration here. bill. It was transmitted to congress In a most unspectacular manenner. There was no dorsement by the White House, nor was the sponsoring of the draft made clear. The legislation was dropped Into the house hopper the day after Representative Steagall, chairman of the house committee on banking and currency, had given out his own summarization. Chairman Fletcher of the senate committee on banking and currency received the bill the same day as Mr. Steagall and Immediately went Into a huddle with himself behind closed doors to study the draft Later he announced with apparent pleasure that It was a great piece of legislation. Now that the bill has been printed and Is available for public Inspection, a perfect furore has been aroused. The conservative critics began to squawk Immediately thnt the measure proposes to destroy the Federal Reserve system and concentrate on power of credit and currency expansion or contraction. In the hands of a small group In the Treasury they contend that this amounts to establishment of a central bank nnd thnt, under our political system, a central bank would mean an unstable currency. What more could there be then, they ask, to destroy confidence In the currency which we use? New Dealers, In defense of this new banking legislation, have been s given to making about the Old Dealers, who, they assert, desire to see conditions of 1928 and 1929 repeated. They cite, with some Justification, It seems to me, that central banks exist in most of the major countries of the world and that their service has not been a bad thing at all. Further, the New Dealers qrgue that the political cap-ltof the United States Is In Washington, and the financial capital has been In New York. Why, they ask should there be such a division? ,,IPSe two schools of thought are sound money advocates and courageous conservatives who minv 4 riSlt,0r! thnt the b!1 hns qualities and that It wise-crack- ,k. niany ?to !ms be avoided. Provisions defl-bltc- ly To summarize the banking and l think It Is 0f Centralized every control very wne ,nrst to because It touches the cur- - of bllhn(S(i There is another section of the measure which I think Is worthy of close Federal Re- n of 8erv e Worthy Hon. It proposes to combine the Jobs of governor and agent, and that the bank policies should be executed by the governor who Is selected by the bank board of directors. This provided something of a dual control, a check and balance on the exercise of power. Now, however, the effort Is to be made to combine the Jobs and make the head of the bank a strictly government representative. That course naturally is In line with the Roosevelt program of extending and expanding federal authority. The President has constantly Increased the scope of power and Influence exercised from The current offering Washington. Is accepted everywhere as bringing under federal domination completely the banking system of this nation. It does so because none can deny that the Federal Reserve banks hold a club over the heads of private bankers wherever they examlna-Examinatio- Probably as Important as any legislation that has gone to congress In recent months .. New Banking ia the new bank-Bil- l lng - money. The bill proposes to estab- dome- '' f Washington, D. C. Building to appear Washington. It begins administration Roosevelt that the has returned from excursion Into its Affairs Home and Fore foreign parts .. ' s K ? , S' 44 4 National Topics Interpreted Bruckart by William ' , ' worth $10,009,000 may be. So I believe It Is a fair statement to say that Mr. Roosevelt, or those who are responsible to him. Is reaching out to amplify the control of credit from Washington which was Initiated through the Reconstruction Finance corporation, the Home Owners Loan corporation, and other leading agencies. The Federal Reserve system was set up, according to the debate on the measure In congress at that time, to decentralize credit control and break the grip which New York exercised over the volume of credit. Now, apparently, It Is all coming back to Washington, In connection with the administrations attention to domestic affairs and the consequent leglsla tlve changes, attention might well be centered on the meaning of some of the moves. One Washington observer wrote In his newspnper the other day that the administration wns renewing Its notes at the bank. What he referred to was the extension of life of the Reconstruction Finance corporation and the pumping of more blood Into the veins of the nome Owners Loan corporation. Something similar has occurred with respect to ttie Reconstruction Finance corporation which has been given new lire and about $350,000,-00- 0 In new money by nn act of congress. Then, President Roosevelt has asked for renewal of the life of the National Recovery administration and for reenactment of the National Industrial Recovery art, both of which expire next June 10. As a result of these maneuvers a good many observers are of the opinion thnt the recovery efforts hnve not been ns successful as their optimistic sponsors had predicted a year ago. . Wtitcrn New iiia ptr Union. A CHILDS 1 SHOULD BE l (Ask any doth For your own comfort, and' children s real ff:fUlW!! you should The bowels cannot b i, Lfgytylaxativeb as to dose doctors use A liquid 4 liquid laxative laxative can j. reduce the graduallylhe;ig!ilou dosage ,s the snret relief from constipation . The right liquid laxative the right amount of J heir repeated instead of more a take las. S' Until bowels you mg regularly and thorotir. c any help at all. The liquid laxative k- hIs Dr. Caldwells Syrup contains senna and cascara laxatives that form no habit m children. Its action is r sure. It will clear up a co; biliousness or shmaishnesr upset. Every druggist has SYRUP p PE? in Praditi Always Does your husband c. business troubles to your Yes, every time I buy i ylRRITATIOl, dustocoLk AiV. Relieve the dryness i irritation by apphu Menlholalum and nijte morning. 7r7 COM FORT MIS Pains In Mu B: Hard Vega E. Lo Springs, vas bad? very had constant aches email Dr. St Cow,, t? and pajis $ of my bau. Pierces F and ecription strengthen hoadaches fi my and disappeared. Sold by 50druggists br New size, tablets ltomdcts., ' tabs, or Urge Size, JWrite Dr. Pierces Cluuc, - PARKER' hairbals J 1 t i. Dandroff aemoves impatoCoie RmhI to Gray GUc and J1 W i mswi nsPLORESION SHAMPOO -isHsirta connection with Parker ibv rents 60 hair soft and fluffy. W orka r11- Hiscox Chernies! 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