OCR Text |
Show rf THE PAGE TWO News Review of Current Events the World Over Insull, Brought Back for Trial, Defends Himself Token Payments on War Debts Are Barred Compromise Silver Bill Being Formulated. once the grand public utilities, tins been brtiujilit hack home to be tried for his alleged aim after his long period of refuge In forelgD lands. Ilia 1 "urlson shin." the Kxllona. arrived off Fort Hancock, J., and Insull was taken off at oen h'H by the United States const guard cotter Hudson, l'l''h landed tilnt VaifV-'- l f... - j quickly. After an automobile rule to Samuel Insull I'rlnceton Junction. lie was put aboard a train and traiisMirted swiftly to Chicago. IIU ton, Sumiiel InHull, Jr.. hud been permitted to Join him on the and accompanied blin on the trip west Landing on American soil, Insull appeared to recover his old time con fi deuce. To reporters he said : "I am In America to make the most Important fight of my life. I am fighting not only for freedom but I have for complete vindication. erred, but my greatest error was In underestimating the effects of the financial panic on American securities, and particularly on the companies 1 was trying to build. "I worked with all my energy to ave these companies. 1 made mis takes but they were honest nils takes. They were errors In Judg ment but not dishonest manipulations. "Arbitrarily. I had been Instructed to resign as bead of these companies which I hnd built and which I had tried to protect "1 was told that I was no longer reeded. Tired from the fruitless struggles to save the investments of thousands of men and women, discouraged In my attempts to save the Investments of my friends and associates as well as everything I had, I got out. "No charges were brought against me until I had been away for three months. My return at that time would have further complicated the problems of the reorganization of the companies. "The whole story has not yet You only know the been told. Not charges of the prosecution. one word has been uttered In even feeble defense of me. And It must be obvious that there also Is my aide of the story. "When It Is told In court, my Judgment may be discredited but certainly my honesty will be N. a O has been angered by a ruling of Attorney General Cuniiuings and there Is danger that all the plans for trade with that country will go awry! Mr. Cummings was called on to determine what nations would be barred by the Johnson act from marketing their securities In this country or In any way receiving financial assistance. This he did by announcing the six foreign nations that are not In default to the United States government on their obligations. These are Finland. Great Britain, Czechoslovakia, Italy, Latvia and Lithuania. Finland has met In full all Installments on Its war debt. The others have made token payments on recent Installments. Immediately after the attorney general's ruling was made public It was authoritatively stated In Washington that President Roosevelt had decided to accept no more token payments; therefore England and the others that have made such payments will fall Into the default class on June 15, when the next Even Finland payments are due. may now default If the nations proffer token payments they may be accepted by the treasury as "on account," but the nations will still be held In default and thus will be shut out under the new Johnson act from obtaining any government loans In the United States. The President will Inform congress, It Is reported, that he desires no legislation at this time with respect to the debt question. Soviet Russia fell in the default class because it ignored obllga tions of the preceding czarist and Kerensky governments. The czars sold bonds totaling $86,XK),000 Id America and the brief Kerensky re glme borrowed $187,J00,000 from the United States treasury. USSIA directly at the Amerl-caTelrphone and Telegraph company and the Western Union company, both of which are said to have defied him, Recovery Administrator Johnson made public a drastic code for the wire communications industry prepared by his own staff. Imposition of a code is regarded to all Intents the same lis writing law for tho Industry affected, equal In scope to the authorization for licensing industry. Nothing like It has been resorted to heretofore. A IMINO n In the telegraph rase, with all but one minority group flatly opposed to any code, the NKA Is proposing to change long standing conditions and alter tho Internal economy of the Industry on the ground that existing conditions burden commerce and reduce employment A date for hearings was set, after which the President was to be asked to take action. The code, If adopted, would deprive extensive Interests of financial advantages amounting to many million of dollars, the NKA authorities declaring these are not fairly held. Among the things It would abolish are: Exclusive rights of the Western Union Telegraph company to something like $25,0K),-00worth of business annually ; use by many corporations of private wire circuits leased at figures alleged to be out of line with regular charges for the same volume of business, and free use of these circuits by clients of the lessees to the tune of millions of dollurs worth of words each year. 0 SOME sort of a compromise on legislation that will be acceptable to both the White House and the silver bloc in congress Is likely to be worked out, tnougn senator Borah, who wants outright of the 's"wr1 I, ' v Thursday, May 17. 193 NEPHI. UTAH S. A Living Memorial to the v Soldier Dead of the DRASTIC reorganisation give the federal gov- ernment a permanent balance of power between large and small industries was recommended In the majority report by the Darrow board, which President Roosevelt decided not to make public In Its original form but referred to three government agencies for preliminary digesting. On the theory that the MIA has shown business Incapable of the majority report proposes to scrap all the present code authorities In favor of an In which the entirely new get-ufederal government, big business and little business have equal voting representation. Within the NRA itself there is a growing feeling that It would be better to let up on the extension and enforcement of codes for small and miscellaneous Industries and reduce the NRA policy to control of hours and wages. Administrator Johnson doesn't like this, and It would also be opposed by tho big Industries and organized labor. The President is waiting. j' - r'" ' n, Jiv EDWARD W. PICKARD SAMUEL INSULL. of TIMES-NEW- white metal, - -v - I jn.Ji .... f I Si". I W I il I - Sri- -'- U ! ; i-- j 1 - . 1,1 B'J . . j HI all IIS li u n 1 8 , 4 the Nanking government, covering the arrangement made by Dr. Ludwlg Itajchman, representative In China of the league. This plan. It Is supposed, led to Japan's recent statement of a policy demanding that other nations keep their hands off China. The document was politically inocuous, being chiefly the recommendations of technical advisers for projects designed to attract foreign capital to China and consolidate It as an Independent nation. The list of advisers did not Include any Japnncse. The chief Interest in the report, from the standpoint of the United States, concerned the section devoted to cotton. It shows that China must purchase about $60,000,-00- 0 worth of raw cotton annually. A Chinese national military and communications commission has just left Shanghai for the United States by way of Europe. Its twenty-two members are Instructed to learn how China can acquire a modern war machine and methods of communication that are up to western standards. f ',. ' l"ii'JS "' J '" fj 4 at approximately seven tons. The purpose of Memorial Hall, or the Shrine Room, Is to inspire good citizenship In all those who visit It. This inspiration will come from the room, Itself, its architectural treatment, its shape and lighting, which all form a magnificent setting for the American flag, hanging in the center of the room, above which shines the crystal Star of Destiny. Beneath the flag Is placed the Altar of Consecration. It Is also presumed that the room will extend a hand of fellowship and wel-tcome to all nations of the world as typified in r the Inscriptions on the four sides of the Altar. s'j Around the inside perimeter of the room is a, marble wainscot about 17 feet high. In this mar--' ; ble wainscot on the east and west sides are six',-niches, three on each side, which frame the por-- f trnlta nt tha lpnilinir" nnlfltpra nf Ampr1n ' Frnnce ' England, Belgium, Italy and Serbia, painted bys Walter Brough. Above the marble wainscot arouna me enure perimeter or me room is an allegorical sculptured frieze; the subject on the north wall represents America Joining the Allies, under the conditions of war prevailing, the head of war appearing over the world of turmoil.1 The east and west sides are devoted to the por-trayal of the great struggle. The south side Indl-cates the contrasting conditions realized by ultl-- j mate peace and the activities of mankind under these conditions. The sculptor for this work was Frank Jirouch. The main architectural features of the room are the 16 dark red columns of American marble surrounding the room, the shafts of which are approximately 40 feet high ; the color of the marble itself being a symbol. The columns stand unusually close together, symbolizing the de fense of the nation in their sturdy quality, and the aspiration of the nation in th'elr verticality. The columns stand on bronze bases which In turn are seated on dark green American marble. The capitals are richly decorated In gold and form a noble termination to the shafts. Between the corner pilasters and columns ad jacent to them are groups of flags of all the Allied nations, again echoing the international spirit of the room. In the four corners of the room are four silk banners of royal blue upon which are embroidered the American eagle from the official seal of the United States. The banners are placed between the flags of the Allies ' symbolically linking them together. The Altar to the Flag Is in no way a religious altar In any part of Its design but rather an altar where homage can be paid to the flag, and where people can consecrate themselves to good citizenship and patriotism. This is intended to be world wide in scope, the four sides' of the altar facing riorth, south, east and west. The four marble eagles at the corner of the altar are the guardians of the shrine and the gold stars in the blue marble field above the eagles represent a united band of states. The top of the shrine Is executed In brilliantly colored enam els, embracing the American golden eagle, the shield of the United States, the wreath of memory, the palms of victory and a broad gold ribbon upon which is inscribed In blood red letters the pledge of allegiance to the flag. On the four sides of the altar are appropriate inscriptions. At each corner of the altar and situated on the raised plinth are four marble and gold tripods representing sentinels of light throwing their luster on the apotheosis of the whole design, the American flag, whose dimension l about 17 by 30 feet Above the flag Is the !j of Destiny, a large crystal star symbolizing guidance of the future welfare of the nation. Looking down from the north end of the Plaza' is tbe James Whltcomb Riley library, considered one of the finest examples of Greek architecture In this country. The south end of the Plaza is a beautiful square of old trees, shrubbery, flower beds and grass. Its central figure Is the graceful De Pew memorial water fountain. At the south side of this square stands the Benjamin narrlson statue. In the southeast corner is being erected a statue of Abraham Lincoln, the gift of Henry Clay Long, a veteran of the Civil war. At his death in 1901, Mr. Long left a fund to provide this statue, with the provision that it be erected in this location. In the near future, a statue of Woodrow Wilson, the World war President, will be erected In the southwest corner of this square. At the south end stands the large federal building which is to have extensive additions In the near future. It Is hoped that before many years have elapsed, the Plaza will be surrounded by handsome structures such as the Scottish Rite cathedral situated on the west side. Is given rvr'' JV, 'WJ' IW 111 fa ft TO large-calib- . 0 j j xts ry' r i thought the plan V --111prepared 0 being would not serve. Secretary of the iT I Morgen-,.- J Treasury Y-- . : fA thau and eight sil ver senators neia Secretary prolonged confereMorgenthau from Cairo, Egypt, nces, and all but the gentleman from Idaho were REPORTS hazily about fairly well satisfied. Senator King fierce fighting that was going on In of Utah said he hoped for a bill the Arabian peninsula where Ibn which would nationalize silver bul- ..,,,, Saud, the fanatical By ELMO SCOTT WATSON lion and provide for the establish- ! fir king of Saudi Ara- IIEV tell the story of a philanthro ment of a 25 per cent silver reserve bia, was making aW who, upon being asked to pist for currency. war on the ancient Trobably the measassist in a World war memorial ure will be mandatory as to polikingdom of Yemen, project, replied "Money for cold In .concies and permissive determined to leaving to stones? Never 1" Whether or not the discretion of the President the quer It. Already his attitude la Indefensible demeans of carrying out those same 1. General view of the Indiana World War the Saudian army, pends upon what form It was which Is powerful policies. planned to have those "cold Memorial shrine from the northwest and equipped with 2. The Altar to the Flag In the memorial stones" take. If they were to be AVOID Impending defeat by all modern arms, piled together and topped by one shrine. senate, the President withhad captured the 3. The statue, "Pro Patrla," which stands on of those hideous cast iron statues, drew from Its consideration the Yemeni seaport which broke out like an ugly rash the main staircase at the south side of the Ibn Saud names of two men he had appointII o d e I d a, and It all over the nation after the memorial shrine. ed to oflice. One was Wlllard L. was advancing to attack Sana, the Civil war, perhaps he was quite right, both mor4. The Memorial Hall or Shrine Room with Thorp who hnd been made head of capital. The war started with a ally and estheticHlly, In withholding the support the Altar to the Flag In the center. the Commerce department's bureau border dispute. of his money. But If it was proposed to erect of foreign and domestic commerce. to the conflicting a memorial of the kind that several states have According The senate's objection to Mr. Thorp, stories reaching Cairo, both sides built to honor the memory of their World war tiles the United States of the , flag every day who has been serving as head of claimed victory. One report was heroes since 1919, then perhaps his refusal Is year. acthe commerce bureau pending that the Emir Feisal, heir of Ibn open to criticism. Looking to the south from the Cenotaph, the tion on his nomination, was based Saud, had overtaken and defeated A contributor to the columns of the New York visitor to the memorial sees the Mall, a large on the fact that he once registered the rear guard of the retreating Times, commenting on the words of the philan- expanse of blue grass with terraces on either as a Republican In a Massachusetts Yemeni army. thropist quoted above, pointed out that In mem- side and on both sides of it are walks and grass primary. From Yemeni officials, however, ory of the men who "went through the scourge plots lined with avenue trees and shrubbery. The other withdrawal was of came stating that their of devastating fire In France, there now exists In Continuing southward to the next block, the Rene A. VIosca as United States at- retreattelegrams had been halted and that one American state a magnificent hospital. In visitor arrives at Obelisk square, an entire torney for the Eastern district of the Saudian army suffered a severe another a school. In another an auditorium. In block paved with macadam and bordered with Louisiana. He was opposed by Sen- defeat In a battle. Capture another a shrine," all of which owe their con- grass plots and trees. At the four corners are ator Huey P. Long. struction to the spirit of dedication, the desire pairs of captured German field of 30 armored cars, nine of them to perpetuate the memory of the dead, as the guns. In the exact center of this square is the 30 guns, and 400 prisundamaged; W. MELLON, the dead themselves would have it not In cold Obelisk rising to the height of 100 feet Near oners was claimed by the premier ANDREW and stones but In some vital and inspirational con- the base on each side are the bronzes of the wealthy of Yeman, who wired that the Sauof the treasury and former dian casualties exceeded 2,000. tribution to the living." sculptor, Henry Hering, representing the four ambassador to England, came out The shrine to which he refers is In Indiana fundamentals on which the hopes of a nation terriof their Because nearby on top In his latest gsss$s tories in Asia and Africa, Great where the project for honoring the memory of are founded Law, Science, Religion and Educacontest with the of a series of splendid tion. Britain, Italy, and France were her dead heroes consists Department of JusIn 1920 the construction of the Indiana World the conflict with deep buildings grouped around a massive temple watching tice. The governwhich stands In the center of a plaza that Is War Memorial Shrine or main building was at hnd all and concern warships ment had accused 1 spread down like a long strip of carpet five started. The foundation for this mammoth struchand to protect their interests. him of evading his blocks long and one block wide, through the ture begins about 20 feet below the street level income taxes and and consists of reinforced concrete and steel BRITAIN and Japan are center of her state capital, Indianapolis. EAT Giton the verge of a big trade Nine years ago, In 1925, the first unit of the girders to carry the enormous load of the walls sought his Indictment by a federal memorial structure was erected as the home for of the large tower which rises to a height of war. ' The British have threatened grand Jury In Pitts- the national organization of the American Le 210 feet above the street level. The base is apto take strong action to protect burgh. 1 However, f aetivlties of proximately 230 feet wide and 400 feet long, their textile export interest, against gion. The fact that the nation-wid- e 4 A althis organization are centered here is another consisting of a basement and a ground level competition, Japanese Increasing rusea 10 return a reason why this memorial Is more than just a floor which are still In the hands of the finishgovernment offtrue bill, declaring A- - w- - Mel,on though the British state do will It declares icially project but instead is one that has a spe- ing contractor. everything the charges were without basis. The halls and corridors of the basement and cial for thousands of Legionnaires in Interest with relations to amicable maintain The foreman of the Jury was Wilfirst floor will provide the space for a World the country. of In Toofficial every The part position Japan. liam Beeson, a bank clerk. Among The American Legion building, situated near war museum. In the center on the first floor kyo Is that Japan can take care others on the Jury were five laborInwas and of the there northwest corner of the Plaza, a magnifl will be an auditorium seating about 600 persons. every herself, ers, two farmers, two engineers, two that It would not yield to cently plain structure finished in Indiana lime There will be two other rooms on this floor with mechanics, two clerks, one plumber, dication a capacity of 250 persons each for meetings of one carpenter, a lumber dealer, and the British ultimatum that It must stone, is of Greek architecture and of fireproof taca floors patriotic organizations. About 40 feet above the and and four trade contains Its It construction. large program modify a writer. was that both the national and street level Is the podium or porch which enand houses British threat The tics. Mr. Mellon said : "I am of course state organizations of the American Legion and tirely surrounds the tower of the building. At quotas would be Imposed on Japagratified that I have been exonerat- nese goods, but trade leaders In their auxiliaries. Space has been provided near tills level will be found the cornerstone which ed by a Jury of my fellow citizens. said this would not hurt the northeast corner of the Plaza for a com was laid by Gen. John J. Pershing on July 4, The fact that the grand Jury Tokyo their country seriously, especially panion building to be erected at some future 1927. reached a sound conclusion, not- since Between the five large windows in the tower Japan's Imports from the time. withstanding the unusual methods British Isles In 1933 totaled 83.000.-00of on each of the four sides are six magnificent to the In east a sunken Immediately garden In my case. Is proof of the pursued the Legion building is Indiana's tribute to her stone columns, above which stand the six heroic yen or little more than was exgood sense and fairness of the 80.000.000 yen. Hence, war dead and known as Cenotaph square. On a figures sculptured in stone, representing Cour there. ported American people." floor of red and dark green granite sits the age, Memory, Peace, Victory, Liberty and Patri they said, the Tokyo government In previous statements Mr. Mel- would be able to make reprisals. Cenotaph of black granite. On the north and otism. lon had charged Attorney General On the north facade above the four bronze Trade with the British dominions south sides of this tomb Is the following inscrip Cummings with playing politics "of Is considered far more Important tion: "A tribute by Indiana to the hallowed entrance doors to the ground level floor Is the the crudest sort," and had set forth and the Japanese are confident memory of the Glorious Dead who served in the inscription taken from the law creating the Indl at length his Innocence, asserting the dominions will not follow the World War." On the north side of the Ceno ana World War Memorial which reads: "Erected he had overpaid rather than evaded mother lead especially taph In the floor Is a bronze plaque with the to commemorate the valor and sacrifice of mem country's his taxes. 'In Memoriam, James hers of the land, sea and air forces of the Australia, which sold to Japan In following Inscription: The finding of the Jciry probably 1!)33 four times Its pnrchases. and Bethel Gresham, of Evansrille, Indiana, Corporal United States and all others who rendered faith ended finally the affair, Mr. CumCanada, wblch sold seven times as Co. F. 10th Inf. 1st Division, A.E.F. Killed at fill and loyal service at home and overseas In the Bethelemotit France, Nov. 3, 1917. First member World War. To Inculcate a true understanding mings saying the government would much as it bought not challenge the decision." It may of American Expeditionary Force to lose his and appreciation of the privileges of American also put an end to the not InfreI RESIDENT R O O S E VEI.T Is life In action in the World War, citizenship. To Inspire Patriotism and respect for the law to the end that Peace and good will quent attacks on Mr. Mellon In both attain a grandfather, for down At the four corners are majestic columns als houser of congress. In Fort Worth, Texas, a daughter of blark granite surmounted by eagles of gold. may prevail. Justice be administered. Public riler maintained and Liberty perpetuated." has been born to Mr. and Mrs. ElThe base is surrounded by grass with pine shrub by the nnny has liott Roosevelt. The baby, who bery at the corners. The elm trees at the corners On a base of pink granite In the middle of the AIR mailto Cying an end, and the routes weighed six pom ds s!x ounces, of this Bunken garden and privet hedges at the south stairway to the Memorial Shrine Room are being taken over by commercial has been named Ruth Chandler tops of the terraces complete the plantings of ,tnnds the largest sculptural bronze casting ever aviation as fast as the siioit term Roosevelt. this area. Above the garden to the north stands ;nade in America Henry Herlng's "Pro Patrla." contracts are let a graceful flag pole 80 feet in height, from which I'lils statue is 24 feet in height and its weight by Western Newspaper Union. fiVV'- it t .....4 iT-:- ,:. ' If t : - the League of Nations proHOW poses to aid China was told in a long report, made public by i . 1017-1018.- " v " h fi ' U C by Wutcra Nawapajwr Uuloa |