OCR Text |
Show THE PAGE TWO News Review of Current Events the World Over Treasury Issues $300,000,000 Long Term Bonds of Big Deficit Teague Retires From Federal Farm Board. Be-cau- se By EDWARD W. PICKARD at the '"piioucn United State populurly sup- the be j posed to $ richest nation ou earth, the govern ment is "up ugaltiHt It" the "It" meaning a billion dollur with the deficit, prospect of anothdeficit er billion during the next fiscal year. The treasAndrew is ury, therefore, Mellon about to isKiie long term bonds for er cent JSOO.OO.OOfi, hearing 3'i Interest. This is In lieu of an increase In taxes, which probably will not be asked until after next year's residential election if at all. The r en win fur this course Is obvious. It is expected that there will be further bond issues, as well us borrowings on short time certillcates f indebtedness. The public debt, which had been steadily reduced since IMS, now begins to climb upward again. This bond Issue announced by Secretory of the Treasury Andrew Mellon is the largest peace time offering of long term government obligations In the country's history 0 with the exception of the bond issue of 1924. which was put out to refinance World war Indebtedness. The Interest rate of SH per cent on this Issue Is the lowest of any long term government financing since 1916-17- . By Thursday night the new bond Issue had been oversubscribed nearly eight times, and Secretary Mellon was nble to report to the President that the plan of handling the deficit by nddlng to the national debt instead of Increasing taxes was successful. The bonds will be dated and will bear Interest from June 15. 1931, and will mature on June 15, 1949, being redeemable at the option of the treasury on and after June 15, 1946. They will be Issued in both bearer and registered form In denominations of $50, $100, $500, 000, $5,000. $10,000 and $100,000. In addition there will be registered bonds in the $50,000 denomination. The federal reserve banks will be the otlicial agencies for the flotation f the issue, but all banks will receive subscriptions from Investors. The bonds will be exempt from federal, state, and local taxes, except Inheritance taxes and sur- j' la $1,000,-000.00- taxes.- huge flying boat long delays and various accidents, finally crossed the Atlantic ocean successfully. It Bade the flight from Cape Verde Islands to Fernando Noronha off the coast of Brazil in 12 hours and 15 GERMANY'S In other respects the outlook Is not bad. "Farm crops," says the report, "are recovering from the effects of ttie continued cool weather. Winter wheat prospects have been Improved. Fruit prospects are generally reported fair to good. Live stock growers appear to be keeping up herds and flocks despite somewhat adverse conditions in feed prospects In several sections." rww t wm I ? 1 yiRois lands now is- efficien- cy, has bad a spat doctor with and retired from the the which he has exercised for nearly H. D. Brown two years. In 102!) congressional committees asked Mr. Brown to Investigate the Islands with a view to reducing administration costs. lie made three long visits there and his recommendations were displeasing to Capt Waldo Evans, then naval governor. Also, he obtained $141,000 to be expended under his sole direction. Last winter he recommended transfer of the Islands to the Interior department and when this was done he returned to help the new governor. Doctor Pearson, whom he had selected for the Job. It la said In Washington that Brown, having quarreled with Pearson, has urged the removal of the later, but that it is unlikely the President will take any such action. The exact cnuse of the friction between the two men Is not publicly known. OVERNORS of about half the states took part in the annual conferences at French Lick, Ind., and several of them disrupted the program of harmless topics by injecting their own vigorous opinions Pinchot of into their addresses. Pennsylvania, for Instance, insisted on making a hot attack on the public utility corporations Instead of talking about timber; and in the closing session Ritchie of Maryland, criticising the conference for trying to avoid controversial subjects, urged the return of liquor control to the states as a solution of taxation problems. TENNESSEE'S ft IJTJ , approaching a climax during the week state with the legislature minutes. Defying superstition, 13 preparing to vote on the question of persons were aboard the DO-It was announced by the State Impeaching the department In Washington that governor, Henry enel and Mrs. Lindbergh will start H. Horton. The before long on a pleasure tour of situation In Nashthe Orient In their Lockheed plane, ville was tense. flying to Japan and China via the Though the foes of Gov. Horton North Pacific and Russia. They the executive were probably will follow the route tak- apparently in the majority. Horen by the army flyers In 1924, go- ton seemed undaunted. Most of the eight articles of lm? ing to Siberia by way of the Aleutian Islands. peachment reported to the legislature by a committee relate to a " fL TEAGUE. main charge of conspiracy, alleging plots between the governor and tin tr vi i ii c vi Col. Luke Lea and Rogers Caldlglnal members of well, two bankers who are now unthe federal farm der indictment as a result of the board and its vice bank failures of last November. chairman, has re23 Congressman Ed Crump, the Memsigned, having served one more phis political boss, was conducting the fight against the governor, year than he at first intended. In though he kept himself In the bis letter to Presibackground. The resignation of Senator Scott Fitzhugh, one of the dent Hoover ten Crump faction, from the speakerdering his resigna- - ifoss tion Mr. Teague c- cship, and the election of Senator - Teaflue A. B. Broadbent of Clarksvllle to declared the board fill his place took much of the bad fully Justified thunder away from the defense, Itself and Its cost to the taxpayers. He said that for Senator Broadbent Is an indeman, and without Its advice and revolving pendent, an he will be the next governor if fund many fanners' would have gone under; and he Mr. Horton is forced out. warmly defended the emergency and western air operations of the board in stabilizFOUR eastern whose planes fly about ing wheat and cotton. "There are two distinct methods 12,000,000 miles annually, have f stabilizing markets." he pointed consolidated their management, opout "Probably the one that has eration, traffic and sales and now been emphnslzed most in publicity become divisions of the United Air bas been the stabilization operaLines, with general offices In Chitions on wheat and cotton, which cago. The lines Involved in this were entirely emergency operations big merger are: The National Air nndertaken to meet emergency con- Transport, operating from New ditions and which I believe are en- York to Chicago and Chicago to tirely Justified and which will have Dallas; the Boeing Air Transport, resulted in benefits to agriculture operating from Chicago to San and business generally far out- Francisco; the Pacific Air Transweighing any cost to the treasury. port, operating from Seattle to San "However, in my Judgment the Diego, and the Varney Air Lines, greatest benefit will come through operating from Salt Lake City to another type of stabilization of Seattle and the Pacific Northwest. P. G. Jonnson. president of the markets which will come through the long time project of developing Boeing companies, who was recenta system of control of ly mnde president of the National agricultural products, which will Air Transport and the Varney Air effect a better control of producLines, is to be president of the tion and a better control of distri- new company. an bution and thus have important Influence in the stabilization of CANADIAN tax payers are hard markets." first budget presented to parliament by Premier on the general R. B. Bennett. He announced a REPORTING the bureau deficit of $80,000,000 and said new of agricultural economics of the De- taxes would be required to meet partment of Agriculture shows that It Consequently he proposed ImAmerican farmers are selling their ports as follows: Increase in the produce at less than prewar prices, sales tax from 1 per cent to 4 per cent ; relntroduction of but are paying about pos more than before the war for the tage; Increase of the income tax things they buy. The bureau esti on corporations and stock com mates that fanners now receive 8(' panles from 8 to 10 per cent and i new special excess tax of 1 per cent of prewar prices and pn per ISO per cent for goods bought nt on all Imports. to? anti-Crum- p one-thir- d $Ci!-Sld.50- .... 3 - have only one governor. and that is i'r. I'aul Pearson; for Herbert D. Brown, chief of the federal bureau of of the United Manufacturers States came off more easily thai been had expected. Only about 2Xi items in the tariff uguliist them were altered by the premier. Customs duties were raised on anthracite coal, furniture, oranges and the higher priced automobiles There was bad news, however, for Americans who have Investments In Canadian companies, for Mr. Bennett ordained that beginning next July an income tax of 2 per cent must be paid by all foreign investors receiving dividends from Canadian concerns. The only bright spot In Canada's Mr. Bennett financial picture, stated, was the fact that the dominion's conversion loun of $250,000,-0O- 0 had been subscribed up to He emphasized that during his regime no fewer than 75 American manufacturers had established plants in Canada and made it clear he was sticking close to his "Canada First' attitude. His conclusion brought a great ovation from his followers. '" Vv7-'- A VJ ERMANY is ex- - pectins great benefits to result from the remarkat able meeting Chequers, bngianu, of Chancellor and For- Bruening eign Minister Juliwith us Curtlus "" I foA Prime Minister Ramsay MacDon-ti t faTTLaita uld and Foreign Minister Arthur Chancellor Henderson. The Bruening German statesmen went there Thursday on Invitation from the Englishmen, and the four men discussed thoroughly the bearing of reparations on the world economic crisis. It was the hope of the Germnns that this conference would find a way out of the present financial wilderness. The Chequers meeting aroused the French and led them to reaffirm their contention that German reparations and the Allied debts to America were inseparably connected by the Young plan. As It Is put by A. L. Jeune in Le Midi of Paris: "On the battlefield of international debts, where we held the front line so long until the Young plan brought us back to the reserve trenches. It would be a great Imprudence to give them up." A decision that seems to give assurance that the press of America is and shall continue to be free, the Supreme court of the United States held unconstitutional the Minnesota statute authorizing the suppression of newspapers and other periodicals publishing matter which the authorities deem to be defamatory of public officials or other persons or institutions. In the opinion of five members of the court Chief Justice Hughes and Associate Justices Holmes, Bran-dels- , Stone and Roberts the Minnesota law. In so far as it authorizes such suppression. Is "nn infringement of the liberty of the press guaranteed by the Fourteenth amendment." The majority of the court took the position that the freedom of the press to criticize public officials is one of the bulwarks of our institutions, that for any abuse of this freedom there Is the remedy of punishment under libel and other laws, and that the suppression of periodicals because of the character of the matter published would amount to the setting up of a censorship of the press. Associate Justice Pierce Butler, himself a Minnesotan, read a dissenting opinion concurred In by Justices Van Devanter, Mcltey-noldand Sutherland asserting that the majority opinion gives to freedom of the press a broader interpretation than any that had ever before been recognized. IN s, of the church, in session at Pittsburgh, rebuked the Federal Council of Churches of Christ In America for report of Its committee approving of birth control, and adopted a motion Instructing the council to "hold Its peace on all questions relating to morality and delicacy" until they have been discussed with Its constituents. THE general assembly RELATIONS Mussolini Vatican and the were strained almost to the breaking point and outwardly it there appeared could be no peaceful settlement of the quarrel. But efforts at conciliation were being carried on quietly Dino Grandi by Foreign Minis ter Dino Grandi on the one hand and Cardinal Gaspar-r- l on the other. The trouble centers in the Catholic Action clubs. Mussolini decreed the disbanding of all youth organizations connected with Catholic Action because of aland leged political propaganda closed the clubs and playgrounds. The pope protested against this, both as head of the Vatican City He and as head of the church. mnde effective his disapproval by withdrawing his personal representative from the Padua celebrations, canceling the diocesan eucharastic congress in Rome, prohibiting church processions and placing the Catholic Action societies under charge of the bishops. Mussolini gave out a statement saying there was nothing temporary about his v jr TIMES-NEW- Achievement I Easiest in Field of Education This Week Arthur Brisbane Lindbergh's Next Day Cool id ge 1932? No. Religious Agitation Wheat, Copper Down Lindbergh rei.iernbers the ques tion that Napoleon used to his marshals when they reported a victory: "What did you do the next day?" This is "the next day" for Lindbergh, and be Intends to fly, with his wife, to Japan and China, over the Pacific Ocean. Because his wife is going. Colonel Lindbergh will fly over a northern narrow stretch of the Pacific, no "middle of the ocean, and no matter what happens" this time. And be will fly a ship that can land on water. Mr. Coolldge talks to his manager about discontinuance for a while his dally articles that appear in the Chicago Herald and Examiner, Seattle Post Intelligencer and other newspapers. Mr. Coolldge, it is suggested, does not choose to be a slave and work every week day in the year. Some other Inferior slaves wonder how he would like to work seven days every week in the year, writing for two sets of daily newspapers on week days, and two articles for each Sunday. It is even suggested that Coolldge intends to stop newspaper work entirely, but that is not probable. He gives good advice, publishes wise and helpful comment, and earns twice as much as the people pay President Hoover, while leading, as the late Joseph Pulitzer used to say, "the life of a millionaire without Its cares." Some suggest that Mr. Coolldge Intends to run for President in 1932. It Is quite safe to say that that is not so. In 1936. perhaps, not 1932. .J IS-- i Old Too Soon who always Pitt the poor men and women feel tired and old too who grow luggih oon never knowing the teal thrill of complete health and vitality. Recapture that old time zest in life, that keen appetite, lamina, and eweet ileep at night. Take Fellows' Syrup, the wonderful tonic for wealcnen, "nerve," and "rundown" condition. It replenishes the system with the valuable elements demanded by Nature. It aids you to regain youthful energjr and vitality and doublet your These benefits, and awakened Interest In living, r quickly evident after the first few doses. Be sure to ask you' druggist for the genuine Fellows' Syrup, which doctors prescribe. FELLOWS' SYRUP PARKER'S HAIR BALSAM Mr. I Imparts Color ud Beauty to Grar and Faded Hairl ouc ana vi.uu at imirvuuj. Hlwo Chfm. Wk..PttWu.H.T Ideal for dm in KLOKtSTUN SHAMPOO connection with Parker's Hair BaUam.Makes the hair soft and fluffy. 00 cents by mail or, at drugN.Y. gists. Hiaeoz Chemical Works, Patcboft-aa- - 1,335,-617,90- Mid-Wes- (, t, follows flies1 foot- steps I o e MKsal aftassa x Largest Seller la 121 Conntriea North Pole Shifting Now we can truthfully say that the North pole Is coming our way. For the North pole is actually moving south toward the Arctic coast of North America. A bulletin Issued by the National Research council says this theoretical top of the world is coming our way at the rate of seven inches a year. While the cause of the shifting is unknown, W. D. Lambert of the coast and geodetic survey thinks It might be accounted for on the basis of some slight change in the shape of the earth. Ear-Shape- Salt Lake City's 'fewest Hotel 4 s?s 4-- H .till EST? HOTEL d 3 Sugar From Maple Sap The amount of maple sap required to make one gallon of maple syrup varies with the trees, the lo- cation and the season, according to a bulletin of the United States But Department of Agriculture. In a normal year a barrel of sap 32 gallons should produce a gnllon of syrup or seven nnd a half pounds of sugar. In many camps, and for many years, It takes n much ns 50 pillions of sap to make a gallon of syrup. Definition Poetry Is "imaginative metrical disconrse; or, more explicitly . . . the art of representing human experiences. In so far as they are of lasting or universal Interest, In metrical langunge. usually with chief reference to the emotions and by menns of the Imnclniitlon." A. M. Alden, in "Introduction to Po etry." 31. (Cutic tar a ITaleum Powder Purs and delicately medicated, is ideal Talram Powder and this drtletu-- a for daily use. Just a shake or two, fragrant, antiseptic powder gives that finishing touch to your toilet! It absorbs excessive perspiration, and cools the skin. Sop2$e. Oinaao Fmpriabn! Patter Drag aa4 Me. Talcam 15a. Tlnaafaial Cera, Maid. M.M, ISe. Woman Warrior's Banner Joan of Arc herself designed her flag or banner. It was made of white linen and fringed with silk. On It was painted a figure of God holding the world in his hands, with an angel kneeling at either side. The lilies of France were dotted over the linen and the words "Jesus Maria" were Inscribed. There Is a record in the public library at Tours that this flag was made by a Scotchman named Poulrolr, who received 25 francs for his work. Industrial Museums The American Association of seums says that the Deutsches seum In Munich Is the largest MumuIn- dustrial museum in the world, and the second museum In this class is probably the Science museum In London. There are many Industrial museums In Europe, but few in this country. Our largest Is the Museum of Science and Industry, Chicago, althongh we have a large commercial museum at Philadelphia. Ocean Barrier to Fish There Is a marked difference noted between the aquatic life of the North and South Pacific oceans and recent scientific discoveriet have revealed the renson. At a point 800 feet below the surface there is a long, wide and deep line of water that is devoid of oxygen, and as the marine life cannot exist without oxygen, the fish never get by this line. Home of White China Dresden china was originated in Meissen near by. There. In 1700, .Tohann Boettger was experimenting on a process by which he hoped to make gold nnd discovered the nrt of milking white porcelain which hns been mnde there ever since. Meissen la an Interesting town with a cathedral and beautiful castle. Quick Change A paper hanger had a telephone ca.'l recently at the noon hour. A femfnine voice snid : "Come over to avenue as soon as yon finish lunch. I would like to have yon change the paper, as I'm having a bridge party at three o'clock. Bring some paper that will look well with my red hair." Watch Thote Labels of the deaths due to poisoning are accidental, according to a report of a lending life Insurance company statistician, who found US of 400 such fatalities were cansed by persons mistaking bottles of deadly poison. Thp most frenm-n- t victims were found to be child rtrt. One-qimrt- Not So Costly When a man proves unsatisfactory as nn employee he gets fired, but he at least doesn't hnve to pay the boss so much a month ever afterward for having tried him out. the way hp does n wife when he has proved nnsatlsfnctory as a husband. Cincinnati Fnqnlrer. TEMPLE SQUARE Resembling a human one-tent- o Last year, Americans ate Among all the callings and professions available to young men, teach ing offers the shortest and easiest road to a place at the top or the ladder, according to computations made from a study of "Who's Who" by Krellng Foster. "My purpose was to find an Index to the opportunities for real achievement existing in different kinds of work," he eiplains in Collier's Weekly. "Therefore I tabulated the varying number of years that elapse between graduation and inclusion in Who's Who, for the various recog-ulze- d occupational classes." His tlnul figures show that educators require an average of eighteen years to be recognized. The similar period for scientists is twenty years, years, editors writers twenty-twtwenty-fou- r years, physicians and years, artists surgeons twenty-fivtwenty-siyears, lawyers thirty years, and business men thirty-on- e years. Violin Shown ear, a violin Invented by a German musician was Facts Nobody Knows shown in Germany recently. It Is Among "facts nobody knows," as- said to produce sounds of great sembled from all parts of the world sweetness and purity. As the soundweekly by Collier's, the following ing surfaces are vertical to the bow 200 Tile Baths 200 Rooms It was not necessary to curve them get first place for the month: connection in every room. Radio In Is the costliest Radium to make room for It. This apparently thing the world, because only one gram has Increased the resonance of the RATES FROM f(U0 can be extracted from 10,000,000 instrument. JuMt ssSMilr Jfama TttmttU grams of rare ore. ERNEST C ROSSITER, Mgr. The only woman who sits on a Worried state Supreme court bench today Is roast. a don't "John, buy large Judge Florence EX Allen of Ohio. W. N. Salt Lake City, No. "Why not?" Uncle Sam now has 2,100,000 fin"The cook may quit before it's Deon file the with cards gerprint Not (or It done." partment of Justice In Washington. a for parsnip salad?" "Want recipe on earth are The shortest people as if It had to That sounds often heart the "Nope. Quite begins the African "negrillos," who average harden with the arteries. in it" parsnips 77 pounds in weight and 4 feet in height. There is reason to believe that the sudden violent outburst of hostility in Spain, Italy and elsewhere will be overcome by conciliatory measures. In Italy, the Pope has forbidden all Catholic processions and demonstrations of any kind, outside of churches, and forbidden the official Vatican organ, the Osservatore Romano, to publish hostile comment on the Fascist government Moving Cityward Mussolini, on his part, has forbidIn 1800 there were only six cities den the Italian press to continue the publication of news articles and in the United States with populations of more than 8,000, and only editorials calculated to foment 4 per cent of the population resided hatred. h In them. Today of the total population resides in the three Sudden, entirely unexpected outbreaks have appeared cities of New York, Chicago and in different places. For Instance, Philadelphia. in Scotland, Catholic religious proBlue Blood cessions on the streets are broken Lost A new fountain pen by a up by mobs on the streets, in one man full of Ink. Unidentified case, the mob actually stoning the young Clipping. carried of the Virgin Mary, image in a Catholic parade. Millions whose feelings are deeply New York's Infancy wounded ey such demonstrations, An article published In the Chriswill remember that religion has tian Advocate says: "At the bealways thriven under attack and ginning of the Nineteenth century the "commercial metropolis of the persecution. United States' occupied only the Good news of the wheat crop In lower end of Manhattan Island, Texas, enormous crops. And that, what is now up town" being still as usual, was bad news for wheat made up of spacious farms and including the little growers. Under our intelligent sys- country estates, tem of agriculture and marketing, village of Harlem. The actual measurements of the city proper good crops in wheat or cotton mean are as three miles in length trouble and poor prices for farmers. (fromgiven the to Fourteenth With a cessation of Government street), one Battery and a half miles In the and price width and eight miles in circumfer"pyramiding," buying of American wheat fell sharply, as ence." might be expected. In one hour June wheat dropped 12 Vi cents in West Point The United States Military acadChicago. Old "supply and demand" is pa- emy at West Point was founded by virtue of a resolution passed by the tient, waits and wins. Continental congress on October 1, While our farmers mourn about 1776, calling for the preparation of "too much wheat" and other Ameri- acheplan for "a military academy for On June 20, 1777, orcans mourn too much cotton, coal, ders army." were given for the organizaoil, etc., Russia is rejoicing In the tion of a corps, which, however, did certainty of a bumper wheat har- not move to West Point until 1781. of one billion three The academy was not formally vest, a crop hundred and fourteen million bush- opened as a school until July. 1802. els, and a surplus, for dumping, of two hundred and fifty-twmillion Gratifying Thought bushels. Let every man be occupied, A great wheat crop means cash and occupied In the highest emfor Russia, sorrow for other naployment of which his nature is tions. There must be good busicapable, and die with the conness men in Russia, in spite of their sciousness that he has done his "fanciful theories." best. Smith. pounds of candy. Something over 14 per cent of the total amount is supposed to have been eaten by children, which is not enough. Pure candy, of the proper kind, is not merely a good, but an absolutely necessary part of diet in childhood. Candy is Important also for the old. Sugar is the best food for the muscles. And the old, with weakened hearts, should feed the heart muscles directly, by eating candy or sugar. Governor Roosevelt of New York, in the appears an intelligent and tactful candidate for the He will Democratic nomination. not make the kind of mistake that led a Republican candidate to acts and Unit the clubs were per- Ignore Hiram Johnson in his own State. When Governor Roosevelt, manently closed. Governor Wednesday the directory of the in Indiana, found that Fascist party ordered the leaders Ritchie had not been invited to a of all groups to be ready to defend certain luncheon given in his, Fascism against Its foes "under Roosevelt's honor. Governor Roosewhatever banner." and charged velt declined to go. The 1932 camthat some sections of the Catholic paign will give those that "guess Action society had been "openly politics" excellent opportunities to :ind surreptitiously" hostile to Fasshow their skill. cism. 1910. frT Ktna Futures Sradicau, la. 1931. Western Newspaper I'D Ion.) (. Thursday. June 11, 1931 NEPIIL UTAH S. Word Has Many Meanings The Chinese word for blessing or good luck is pronounced "fu," and the Chinese character expressing It is a favorite one with the Chinese-peoplfor embroidering on linen or having placed on the walls of their houses. It should be borne In mind that the word "fu" means blessing only when written In this way. There are dozens of characters having this same pronunciation, all written differently, and having utterly different meanings. Washington Star. Hothouse for Every Plant To shelter them from chill and speed their development every plant on some English truck farms Is being provided with a hothouse of its own. The hothouses take form of forcing Jars of solid the glass metal frames Into which panes of glass are set. The latter type Is the most popu- or pyramid-shape- d lar because the panes can be replaced If shattered. Each type provides the necessary ventilation through a hole In the top. Pelf Pity Addressing a financial editor, a mountaineer complains tlmf oil stock from a "slicker" and was "skun" out of his money. "I'leeze what shall I dor he begs. "If you were 'skun, brother," apprises the editor, "you're In a class by yourself. Be comforted in the thought that "Many are skinned. but few are skun.' " Cloak of Feathera in me year 1S4; King ikt-aiha III presented a gorgeous cfyak. composed of the feathers of bin-dnow extinct, to Commodore Lawrence Kearney of the United States This cloak Is now on exhl- navy. bitlon In the Bishop museum In Honolulu, nnd Is valued at $100,000. mc- Contrasts Where there Is the greatest sincerity, there Is the grentest humility; and where the least truth there Is the greatest pride. A. Nicholson. Queer Custom "At a foreign wedding I attended." say a correspondent, "thfi bride was given a pomegranate to throw on the floor. What was the significance?" It Is an eastern symbol. The number of seeds is held to Indicate the size of the family to be established. I |