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Show NEWS REM OF GUARENTEVENTS (Hoover's Prosperity Program Pro-gram Is Heartily Supported. By EDWARD W. PICKARD T) UfilNIiSS as usual and then " some. This appears to be assured as-sured by the responses made to 'resident Hoover's call and by the programs disclosed In the series of conferences held in Washington at Ills summons. The last of these conferences with different groups was that with the representatives of public utilities on Wednesday. They "were the spokesmen for the electric p-ower and light interests, the gas companies and the street railways, and after hnving held separate meetings in New York to canvnss the situation In their respective re-spective fields, they went to the National Capital prepared to assure as-sure the 'resident that they, like the other groups, were ready and willing to assist in his program for stabilizing business conditions and assuring the continuance of the country's prosperity. They told iiiii: their organizations would spend about $1,500,000 in improvement improve-ment and expansion during 1930. Mr. Hoover sent a message to the governors of alt the states asking ask-ing that they co-operate by canvassing can-vassing the state, municipal and county programs and speeding up, so far as possible, public works so as to further employment. The responses re-sponses were most gratifying, giving giv-ing assurance of the expenditure with the next year of hundreds of millions for road building and oth er public Improvements. Pennsylvania Pennsyl-vania headed the list of states making mak-ing definite pledges, announcing that $155,000,000 would be available In 1930 for roads and public buildings and that it would be distributed dis-tributed throughout the state with a view to taking up any employment employ-ment slack that occurs. Leaders of farm organizations met with the President Monday, Secretary of Agriculture Hyde and Chairman Legge of the farm board being present. Mr. Hyde announced that they were In hearty accord with the Hoover program and promised to aid it in every possible possi-ble way, and he added : "The general gen-eral opinion expressed was that confidence has been gaining In agriculture agri-culture and that the morale of agriculture agri-culture Is now better than it has been for years past. Except In short crop areas there has been genuine Improvement in agriculture and an increased income, and therefore there-fore an increased buying power this year." V) Alt.IiOAD executives having an-nounced an-nounced extensive plans for expansion and improvement; leading lead-ing industrialists having promised there slmll be no reduction in wages, and heads of organized labor la-bor having pledged their word that there shall be no demands for increases in-creases in pay next year; and numerous associations of manufacturers manufac-turers and merchandisers reporting good conditions in their fields, it would seem that the prospects for continued prosperity are indeed bright. The nation is determined to show that the speculation crash has not done vital damage. Edward Ed-ward N. Hurley, one of Chicago's level-headed business men and a former president of the Illinois Manufacturers' association, put the matter so well that he Is worth quoting. "There Is nothing wrong with American business and the outlook for 19:10 is most encouraging," Mr. Hurley declared. "We have everything every-thing today that we had on September Septem-ber 1 In the way of brains, wealth and earned Income. Nothing is gone except some delusions as to tiie amount of profits which American Ameri-can industries might earn in years to come. "The deflation of so-called stock values from about $90,000,000,000 on September 1 to some $71,000,-OOO.IXM $71,000,-OOO.IXM now does not represent the disappearance of one ounce of material ma-terial wealth. Ultimately this 'loss' represents a positive gain, because it will insure more and cheaper capital and the Industries will be relieved of the pressure to earn extravagant profits which is exercised, by a speculative securities se-curities market." As a culmination of the President's Presi-dent's conferences, some two hundred hun-dred of the country's leading business busi-ness men were Invited by the Chamber Cham-ber of Commerce of the United States to gather In Washington on December 5. It was announced that Mr. Hoover would open this conference, con-ference, the result of which was expected to be the formation of a business council for continuing study of business conditions and the co-ordination of activities. A summary of business conditions, condi-tions, published by the federal reserve re-serve board, reveals a higher industrial indus-trial activity during the month of October last than in the same period of 1928, although there was a decline in both industrial production produc-tion and factory employment as compared with the preceding month. The report says that the decrease in production was confined largely to steel and automobiles, although al-though there was also a drop in the daily acreage output of shoes, leather and flour. CHINA'S Nationalist government and the governments of the three eastern provinces of China have appealed to President Hoover, Hoov-er, the League of Nations and the powers signatories of the Kellogg pact for action to halt Russia's invasion in-vasion of Manchuria and to punish pun-ish the Soviets for the seizure of Chinese cities and the massacre of Chinese citizens. Russia's aggression aggres-sion is termed a deliberate violation viola-tion of the Kellogg treaty, which both Russia and China signed. The message from the Manchurian provinces prov-inces was dispatched directly to President Hoover. It cited many definite Instances of Russian invasions, inva-sions, raids and massacres, naming places more than 100 miles within the border lines, and added: that if the world tolerates this Russian policy it means "the triumph of Bolshevism and the end of humanity: human-ity: also the end of the anti-war pact, which certainly Is not the intention in-tention of the United States and other signntory powers." The appeals ap-peals from Nanking were equally specific and urgent. It was said in Washington that there was no indication that the State department would take any immediate action in response to the call from Manchuria. And the officials offi-cials there were rather at a loss to know what could be done about It, since the Kellogg pact contains no sanctions and depends wholly on public opinion for its effectiveness. Within the last two weeks the Soviet invaders have made decided decid-ed advances in both eastern and western Manchuria. Hailar was captured, as were Muling and other important points, and it looked as if the Russians were getting ready to close in on Harbin from both sides. Chinese troops everywhere were reported to be retreating almost al-most without offering resistance, and thousands of them were made prisoners and disarmed. Those still in the field were described as lacking lack-ing sufficient food, ammunition and winter clothing. Japan was excited by the push into Manchuria, for she has many nationals resident there. The Japanese Jap-anese ambassador to Moscow, Toki-chi Toki-chi Tonaka, told the Soviet government gov-ernment that Japan demanded that full protection be given its citizens in Manchuria, and Russia promised to exercise every care. The military mili-tary group is very strong in Japan and there is some reason to believe it has been preparing to have the country eventually enter the conflict con-flict on the side of China. f NE more of the great figures of the World war perhaps the greatest passed with the death of Georges Clemenceau, who, as premier, pre-mier, guided the destinies of France during the most critical years of the mighty conflict and by his tremendous tre-mendous courage and ability kept his countrymen nerved to their task until victory was achieved. The old giant he had passed his eighty-eighth year died in Paris of uremia after many hours of suffering, suf-fering, and the next day the "Father "Fa-ther of Victories," as France called him when he was its idol, was laid to rest in a little village of the Vendee with only a dozen to witness wit-ness the interment. In accordance with his Injunctions there was no state funeral, nor were there any religious rites, for Clemenceau was an avowed atheist. Premier Tar-dleu, Tar-dleu, however, ordered all flags at half staff and the firing of a salute of 101 guns, such as was fired on November 11, 1918, In honor of the armistice. And the Sunday following follow-ing the funeral the World war veterans vet-erans marched past the tomb of the Unknown Soldier in honor of the Tiger. p EATH last week also claimed Francis Emory Warren, United Unit-ed States senator from Wyoming, who had the distinction of serving longer in the senate than any other man. He was a member of that body for 37 consecutive years. A state funeral for Mr. Warren was held in the senate chamber, with President Hoover and his cabinet, Chief Justice Taft and his associates asso-ciates of the Supreme court, members mem-bers of the senate and house and the entire diplomatic corps in attendance. at-tendance. The body was then taken to Cheyenne. Senator Warren's death removes one of the last three survivors of the Civil war who held high office in Washington. Warren served In the Union forces with Justice Oliver Wendell Holmes of the Supreme court Representative Charles M. Stedman of North Carolina served the Confederacy. Another well-known American who passed away was Raymond Hitchcock, actor and musical comedy com-edy star, who died suddenly In Los Angeles from a heart attack. He had been in poor health since last May. Lieut. George T. Cuddihy, one of the best pilots in the navy, was instantly in-stantly killed when an airplane which he was testing at Washington Washing-ton crashed. Cuddihy, who was thirty-three years old, graduated from the Naval academy In 1917, served In the World war and rater entered the aviation' branch. He distinguished himself in the Schneider Schnei-der cup and other races, and in 1927 flew over the Andes. TOKYO correspondents sent over what purported to be the Japanese Jap-anese program for the London naval conference, and It contained the demand for a 10-10-7 ratio in cruiser strength and other auxiliary auxil-iary ships, as well as a reduction in the size of capital ships. It seemed certain the United States would oppose the increase of Japan's Ja-pan's ratio in cruisers, but later dispatches from Japan said its delegates had received private instructions in-structions to accept considerable less than 70 per cent of the British and American auxiliary navies. France and Italy were still trying try-ing in vain to reach a preliminary agreement on policy in the conference. confer-ence. The principle obstacle is that the Italians insist on complete parity par-ity with France in all categories of warships. The French oppose this on the ground that Italy has only Mediterranean interests, while France also requires sea power in the Atlantic and in the English channel. The French also oppose giving Italy parity because of France's widely distributed colonial empire, whereas Italy's possessions are chiefly Tripoli and the area facing fac-ing the Red sea. HP HE text of the trust agreement for the Bank of International Settlements has been made public by a Paris correspondent. The principal provisions relative to the issuance and marketing of bonds are contained in article 12, which provides that the International bank, as trustee, will be guided In matters relative to mobilization of annuities "by the provisions of the (Young) plan which govern mobilization." mobili-zation." The bank also will Inform the creditor governments when It seems "practically possible" to proceed pro-ceed with the issuance of bonds. CREATION of five new cardinals was announced at the Vatican, bringing the membership of the sacred college to 62, of which 33 are non-Italians. The new list included in-cluded the Most Rev. Joseph Mac-Rory, Mac-Rory, archbishop of Armagh; Msgr. Cerepeira, patriarch of Lisbon; Archbishop Verdier of Paris, Archbishop Arch-bishop Lavitrano of Palermo and Archbishop MinorettI of Genoa. GEX. C. P. SUMMERALL, chief of staff, 1n his annual report recommends the enactment of a selective se-lective service law to operate in war time as the one method of procuring procur-ing new units for the "far from complete" Infantry division of the army. In other respects the report reflects a generally satisfactory condition through the army, says the decentralization system is justified, justi-fied, and that Increased ration allowances al-lowances have great'y Improved the morale of the troops. ((c). 1929, Western Newspaper Union.) |