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Show PAGE TWO News Review of Current Events the World .Over stratosphere, and accompanying him was hi plucky wife, Jeanette, the only licensed woman balloon pilot, In the United States. TlW ascend-ed from Detroit with their 600,000 cubic-foo- t bag, passed over Lake a height of about ten to rose Erie, came down on a then and miles, Bankers and President Roosevelt Move Toward an farm four miles west of Cadis, Ohio, In s tree but landed Balkans Over Hover The gondola Accord War Clouds Still th two occupants were only slightly bruised and scratched, and It Legion for Bonus Cash Payment. believed tbe delicate scientific Instruments they carried were uninBy jured. The trip wae made for the by. WhIiii NwpMf purpose of studying th cosmic no effort was mads to eschief wers In secret contact with rays, snd thousand or ao financier altitude. FOUn and tablish a record for Hungarian' or Itallso-offldaIn Washington for the If It can be established that their Aonufel convention of francesco ageixo most Bankers' association, and It became funds rams from such sources, known as "Craxy Boy" serious complications .may result. because of hla daring aerial perapparent at once .(bat they wer far The permanent councils of both formances, set a new record for from unanimous to their opinions little entente and the Ralkan en- speed In flight when he drove his tbe Francis Deal New tbs concerning retente which include Rumania, Jug Marlon, Law of.Uouston, Texts, seaplane over a course at Desen tiring president of the association, ala via, Cxechoslovakla. Greece and tano, four tiroes it an averagt of gave out an Interview la which he Turkey, have Issued Identical com- 440.29 miles an hour. aid be believed that economic re- muniques asserting their solidarity . Cl I APPLE, Republican covery had arrived at a point where with Jugoslavia and laying respon JOHN bankera of th United States could slblllty for King Alexander's for United State senon by ator from Wisconsin, proved hlmeelf terrorists to men upon urged bu sines go advise honestly Into debt again In order to put Idle the foreign policies of patlona which to be a gentleman at Waukesha. He ' bank reserves to work. Further, he were not named but which dearly was listed as prinare Indicated to be Hungary snd stated that bankers feel tha cipal speaker at a of the United 8tatee govItaly. rally there. John f The communiques gave warning ernment ere the best Investment on Gay, candidate for tbe face of the earth" and that there of a probable war unless "Internacongress, preceded him on the pnK seed be no concert! over the condi- tional measures are loyally adopttion of government credit ed" to atop political assassination gram, and alluded to President RooseWhat made this expression espe- and conspiracy. Roth the ententes fact waa that the common measures velt as "a man who derided to cially noteworthy adopt cant stand on hla nly recently the federal advisory against all political conspirators. . bank-own of feet' without la 80 far, Hungary leading council, composed bearing the brunt of the blame tfor the Mae era. Issued a warning that govern crutches." Mr. went credit waa being menaced by settles assassination, but Premier Chappie arose and his country la J. B. Chappie said: the unbalanced condition of the fed- Coeinboes assert "Men and women of Waukesha, eral budget and the unatablllxed dol- "entirely guiltless of any conneclar. tion with the foul crime." the President of the United States Then appeared before the bankhas been Insulted by a previous in a seriers In Constitution hall President cash payment of the speaker on this program I may while and Roosevelt hlmeelf and made an ap- IMMEDIATE ous way, personal certificates was peal for an alliance of all forces demanded by the American legion differ with Democratic policies, I will not stand for that kind of an Intent upon the buslneae of recov- In convention nt Miami, Fla., despite to banka on the on the President's physical called He attack ery." the knowledge lend money to finance the New and 1 therefore refuse to Infirmity, that It Is opposed on Deal program. this program and will reby President speak Government should assert Its at some later Waukesha to turn Roosevelt and the time." leadership In encouraging not only be belief confidence of the people In bank would veto any bat the confidence of tbe banke In rayoo dyers did not legislation providSILK and the people," he said. In the recent general ing for such "In March, mi, I asked the The vote strike of textile worker because country. to. renew. Iheit them oMlmlr contract hut. JpW'Q confidence In banka. They took me In the Passaic valley and thiT New The Legion' at my word. 'Tonight I ask the new national comYork metropolitan area have now beakers of this country to renew mander Is Frank quit their Jobs and the dye houses Frank their confidence In the people of BHgrano. Jr, of were closed perforce, I thlob Belgranoy -- Jr When negotiation fora new enn- -i rranclic,-nome at my word." a bunker. All other candidates tract began two months ago the lie enld that the administration withdrew and Mr, 'Relgrano was union asked for a 30 hour week at stood squarely bark of continuance elected unanimously. In his ieech $1 an hour and a closed shop. The of the profit system and that emer of acceptance he said he would closed waa the sore point of shop gency activities would be curtailed conduct hla office with vigor and Issue. Neither side would chauga as fast as private business could determination and would give It hla Its attitude, pick ep the load. undivided attention. George Raldanr.1, president of It waa noted that the President "Our country la filled today with the Federation of Silk and Rayon made no promise to balance the bud- too much talk about Isms," he anld. Dyers, then waived the demand for get or atablllxe the currency; also "Everywhere we henr about Coma week at $30 a week and that he did not comment on the pro- munism. Socialism, Fascism, Hitler- said the union would accept a miniposal to create a central bank. Ilia ism. and others too numerous to mum guarantee of $20. Thla protalk waa heartily applauded, but mention. posal was rejected bjtfhe employmany of his bearera were far from 'There la room In this country ers. satisfied. for only ono Ism. That la AmeriI. W. Chappell, conciliator of the Before Mr. Roosevelt spoke, the canism. Wltho- -t equivocation or of tabor, waa on the Department bankera were addressed by Jackson reservation, I sav to you that under to effect e comproground trying Reynolds, president of the First Namy administration this American mise, but the leaders on both tional bank of New Tprk and S Legion la a aworn enemy of every sides were so angry that his early stanch sound money advocate. He other lam. That la a declaration efforts were unavailing. with tho of war." appealed for President, highly praising his efThe following were elected as to CONVERSATIONS preliminary forts at rehabilitation and saying: national vice commanders: opened "If the government and the banke In tandon, and the Japanese did Daniel J. Doherty, Woburn, continue In the role of antagonists Mass; Harold J. Warner, Pendlo what waa expected of them. Amit will Involve the gravest conse- ton. Ore.; John Kenedy, Mandan, bassador Matsudalra and Admiral quences to our country, perhaps N. D.; Milo J. Warner, Toledo, Yamamoto told the British and the even .the destruction of many In Ohio; and Qulmby Melton, Griffin, Americans In turn that Japan waa Gtutlona and principles we have fia. not satisfied with the existing long held dear. Itev, Dr. Park W. Huntington, treaties every one knew that and "If, on the other hand, we aban- pastor of St. Stephen's Lutheran set forth these main points: don our antagonism for friendly, church In Wilmington. Del, waa 1. The power should agree that as national understanding, sympathetic unantmously chosep Japan may have equality, "In prinI believe we can make s chaplain. ciple," In defensive armaments. Z The ratio system should be great contribution toward the per John D. Crowley of Cambridge, petuatton of our cherished Institu- Masa, was elected chief du cheraln abolished, and "defensive" ships tions, the encouragement of our fel- de fer of the "40 and 8." play or- limited on a total tonnage basis. Inlow citizens, and the gradual and ganisation of the legion, and Mrs stead of by categories. 8. Each nation would drastically sound rebuilding of the shattered A. C, Carlson of Wlllmar, Minn, economic and financial structure of waa elected national president of reduce "offensive" armaments, thus our country," cutting down the chances of any the American Legion auxiliary Next convention waa war of aggression, while building Further overtures to the bankera year's whatever "defensive ships within were made by Jesse II. Jones, chair awarded to SL Louis, Mo. . the tonnage limit agreed It feels It man of the Reconstruction Finance for security. corporation, and J. F. T. OConnor, records all along the needs, BREAKING comptroller of the currency. Roth the new streamhaubtmann s effort to of them gave assurance that the lined train of the Union Pacific, made Bruno extradition from New economic condition of the country an extraordinary run from Los An York failed, so he was taken to Jail Is sound, snd Mr. Jones urged the to New York In 56 hours 55 gelcs N. J to an alt trial at to to bankers, expand their loans minutes. The best previous time for Flemlngton, the murder of Colonel Lindbusiness. for transcontinental train crossing To all this the bankers responded was established In 1906. when the bergh' baby boy. Attorney General Wllents and hla staff of assistby unanimously adopting resolulate E. II. Ilarrlman. then chair with man of the Union Pacific, traveled ants were completing their arrangetions promising to tbe government, but demanding a from San Francisco to New Turk ments for presenting the case against the carpenter. balanced budget , In 71 hours 27 minutes. C. L. Light foot of Franklin Tark, Rudolf 8. Hecht of New Orleans The - new train also N. J told reporter that hi ton. was elected president of the as- established a world speed record Richard, flfteeirjears old. bad Men sociation to aqcceed Mr. Law.' of 120 miles an hour as It sped tilled Hauptmann as the man who from Buffalo to New Tork. The had talked to the family chaufstretch feur on tbe back .road ten T I F AR clouds over central Eu- - train passed over the days berope are not dissipated by the of straight away betw'een Buffalo fore the Lindbergh kidnaping. Batavia. ,on which the Empire prntal solution of the plot that re and Hauptmann waa arraigned before salted In the assassination of King State Express of the New York Cen- Justice Thomaa E. Trenchard and Alexander of Jugo- tral achieved a speed of 112 miles pleaded not guilty. The trial wsi slavia. It Is estah an hour on May 10, 1803. set for January 2 at the request ef llshed that the Mr. Wllenta, who said : T don't murder was the CW. A. SCOTT and Campbell think thla trial should go through work of the Croaof England, flying their the holidays. I think It would be tian group of ter Red Comet plane, won the great distasteful to the people. Then, too, rorlsts , called the London to Melbourne air derby, re thla Is a capital case and the Ousts cha. and the during the record by many hour. should have ample time to head o, he gang. The second plane to arrive in Mel prepare Its case." Dr.' Anton Pavellc boiirne was that of K. D. Parroen has been arrested, tier and J. J. Moll of Holland They American physicians together with his gave the winners a close race THREE been, awarded the Nobel assistant. Eugene though flying a longer route. Cad prize In medicine for 1914. They Kvafetnlk. The Rosooe Turner and Clyde Panghorn; nre Drr George Minot and lr. Wilcompanions Americans, lost time when they liam P. Murphy of the Harvard of the assassin, who were captured wandered from the 'course near A! medical school and Dr. George IL ,ln France, have confessed that they lahubml. India, hut came In third Whipple of the University of trained for the Job In a camp In Janies ana Amy Molllson. the fa Rochester. AThe prize of $41,000 Is Hungary and held Hungarian pass mous flying collide frotn Englaiid. divided among them for their decharged In the French led at the start but were forced to velopment of liver therapy la porta. It press that they or their Oustacbs quit in India by damaged motors. anemia. -- r . Uncommon Ssnse JEAN riOCARD made PROF., balloon excuralon Into the being, made to ByBallJOHN U BLAKE v O, a eral reserve system was created very real rift has 18 Is Politics developed EDWARD. WrPICKARD , la, Lieut, ' these-curttle- s that puy-tnen- peo-of-tW- a ymt-wllMak- sn tube-shap- ed - . e de-ten- , three 1 y - its statement: t serious factor of rapidly in creasing JmportHiioeJs Jhetendency of business enterprise directly con- ducted by government agencies to reach out further and further Into fields heretofore occupied by private capital, thereby destroying taxable value The use of government money In competition with private business Is not only paralysing to private Initiative but experience hag amply demonstrated that it is costly, generally Inefficient, and that its disastrous effects reach far beyond the limitation of the particular industry Immediately affected." A w 30-ho- - 1 asans-slnatlo- n thle-rountr- yr b- i The council had much more to say respecting other policies of the present admlnls- Fear Savings tratlon, Including Threatened what It descrlled as a constant "threat of Inflation," a condition that the council felt was stifling per sonal thrift. It asked directly whether there was any Inducement for an Individual to save or to buy life Insurance snd preserve earnings against the time when age will prevent continued production of income If there was an overhanging threat that air these savings may be wiped out by uncontrolled Inflation of the currency. Obviously, the- - federal reserve hoard was wrought up when the advisory council did the unusual thing of making public Its views. A1 though the council withheld Its statement until three weeks after theimeeting at which It was given the reserve board, that lapse of time did not salve the feelings of the board. To show how It felt about the action of the advisory counctl, the board very promptly met and adopted a resolution by unanimous vote returning the council' statement to Its secretary. This "spanking" has roused a great many business leaders who have expressed fears that politics now la permeating the two federal agencies, for the advisory council U a body created by statute Just as much as the federal reserve board. No one can tell what the situation may outcropping. is be. Thor are a number of men In the advisory council membership who tm$fbeen outspoken In their aui'pertT of President Roosevelt. Likewise, the President has ''named two mercrs of the present reserve board, ore or two others of that grour' of seven are entirely in harmony w'th hla economic policies Conscqu,.atly, there Is mqch talk In Washington that the two schools of econ-m- :c thought are engaged In a c!ah thi.t may be aerlous In Its ef-feet on the supervision of the coua-- . tryi banking structure. draft-edan- d of-th- Whatever may be the attitude of the reserve board, I have found 'a considerable bod f It could allow th council views and forgotten. to be pigeon-holeBut the point- - la that the council la representative of business and financial . Interests and therefore, when Jt considered federal policies o It was speaking for that segment our national Ufa which otherwise of making Itself bad no mean in vocal, according to much opinion . the National Capitalcouncil Further, the fact that theadministhe took direct Issue ltb tration Is being regarded In many I bequartera as a healthy sign. tho about lieve there Is no dispute to or groups right of Individuals respon-slbl- e party criticize the political for government management at any time snd If the particular and Industry, part of our commerce council, th advisory represented by gold the with dissatisfied feels the unbalanced budget. Icy. exwllh the continual spending and there on. have gone periment that InIs a great number of people who disclosed. be sist those views should Some students of economy and government here hold to the opinion that such expressions may have tendency to lead to policies acceptable to both sides. This phase of the situation may be linked to the efforts which the administration has been making to accomplish an understanding with some Important business leaders through frequent, conferences at the White House and through Informal and Indirect meetings outside of Washington. I refer to the dinners and meetings which have been held, many In New York, by Prof. Raymond Moley, formerly the number one member of the brain trust but now a magazine editor. Although White House sources deny any part In the Moley dinners, most Washington observers accept the denial with a grain of salt They are convinced that Mr. Roosevelt Is fully Informed of the views expressed by Jodiyldual. business Jeaders In thosd meetings snd that he Is 'seeking' some basis of understanding with business. It takes no stretch of the Imagination then to connect these 4espUo tha wounded feelings of the federal " reserve board. - O? FPiMon holdi ng Jls Rights advisory coun c11 as function lug w..hla Its own sphere when P lua.e the statement to the board As explained above, the hoard wa no compunctlotUo abide In the expressions from the advtson n' and If It elected to t un-.c- do. aTeS ,SbbSl . pol-wl- th Not long ago I visited a town where I lived as a young man. There had been many young fellow with great promise among my ' friends. Some of them were still there, going tq seed. They managed to make Just about enough money to live on. Bift there their ambition ended. There had been opoprtunitles in their own town of which they might have taken advantage. But that meant work and thought It was easier to follow the line of the least resistance. "Knowledge comes, but wisdom Ungers," said Mr, Tennyson. Wisdom la the fruit of knowledge. Without It nobody can get the best out of himself, or make the most of his opportunities. The dose of a liquid Lmiw. mil ye eu, but don't bt a. pedant who is contented with knowing Xo laj'j. measured. The acUoau regulated to suit individual double dose" a day Krwdlami!dliquiiias,jJt' the kidneys. The right liquid laxalhnj' a more natural movement n no discomfort at the tin. ward. The wrong cathartic may t more harm than good. An approved liquid Iaia!j which b most widcFy nsed b adults and children) isDr.Cal: Syrup Pepsin, a prescript perfectly safe. Its laxative t, based on senna a nature L The bowels will not becoocd ent on this form of help, u ti do in the case of cathartic ing mineral drugs. Ask yourd - Dr.- - Qddu;cil Sjnpi things. Put that knowledge you hare acquired Into running some business vartous-'hapjenlng- CTTHRTlclngTome-professlon- Delinquencies uj D Is your husband be! Ohrindly enough fori IIow ;: Make It work. Make It do some- thing for other people as well as for yourself. Get all you can of It. You will need It today more than ever, for there Is more compettloin. . Dont worry If you cant go to college. But If you dont, get yonr own education, for yon will need IL ' Henry P. Fletcher, chairman of the Republican national committee, said the other Makes It day he anticipated Losing Ftght Mil Increasemem-In Republican bership In the house of representatives. lie can see no method, he said, of defeating the disbursement of cash that has been going 'on In the Roosevelt administration. The Republican chairman's statement followed compilation by the Democratic national committee of figures showing the amount of cash that has been paid out by the government through Its various channels since President Roosevelt took thfc reins. The Democratic committee compiled a list of states snd set off against each state the amount of money dlstribuigA therein for relief, agricultural benefits, public works construction and otherwise. Democratic campaigners were not Invited to use these figures but Chairman Fletcher Insisted that was the basis and the real reason for their compilation. The Republican chairman told newspaper correspondents In a press conference that he was not accusing the Roosevelt administration of bujlng votes but he added with candor that votes naturally were going to go toward the source of money supplied. Wllh several billions being distributed and a considerable amount being turned loose within the Inst month, Mr. Fletcher made a clean breast of his feelings that It was difficult to battle Santa Claus. In connection with the Republican charges over cash distribution both of the national committees have been compiling statistics respecting registration of voters through the country in preparation for the election. These reports Indicate that public Interest Is aroused far beyond the usual condition. Voters are awakened to the Importance of these elections Obviously, there are many local Issues to he fought out and settled by the ballot. The situation In California Is Illustrative of this. Never before, I am told., has California seen such s registration list as ta made up there In anticipation of ths vote on Urton Sinclair's program to "eliminate poverty in Califor-nla.- 7 Agricultural areas, according to the registration lists, are to support' or upset policiesprepared of the agricultural adjustment administration and some industrial centers show figures indicating widespread Interest In the vote that Is natural-t,to have a bearing on the status of the national recovery administration. Many astute politicians are saving-tha- t the -- great registration makes guesses as to the outcome rather hazardous, while the students of government welcome the large polling lists as encouraging evidence of awakening Interest among the populace In this thing w call government. C. W.Mtr Nrw.ptf,,, CaW. , f earthW d the federal Creepingln? tween reserve board and the federal advisory council, that is group of business leaders which bes intermediary supposed to act tween the reserve board snd the ha public. The line' of, cleavage It far How developed over gold. the in. faith In disturbing may go federal reserve eyatem as a bankyet too. early to ing structure fretell, but I find in many quartera Indicathe to aa quent questions tion that politics may be creeping into government anpervlalon of the countrys largest banking unit, the federal reserve system., Tbe controversy had Its origin In a statement of views delivered to the reserve board by the advisory council last month. Of course, the and advisory council haji no power accordance in can only function with its flame and give suggestions to the reserve board. It Influence nevertheless heretofore always has been an important factor in federal supervision of bank policies and any wide difference of opinion between the advisory council and the reserve board naturally la an influential factor In financial conditions. Tbe reserve hoard did not enjoy the statement of view from the adefvisory council, which was to the fect that "no real or permanent recovery" can be hoped for until the federal government return to the gold standard for our currency. It said unequivocally that the currency and credit supply now existing Is ample for all needs and that business cannot be expected to go for ward until It has some assurance of a permanency in our currency. In addition to the council's criticism of the currency policy of the administration. It did not pull Its punches with respect to the counties''5 governmental '"pmment " 1 business, I quote that paragraph of call? S' 1 . a10 Irs. SanmJrV ervatory Knowledge la poweflbut only If W will support they cenunnumbered For It la used. land la 2 turles the Niagara drifting river tumbled eastward rotation of tS? Wisdom over !u tw0 uu Lingers cliffs, and pro- land causes the and thus form duced nothing but the aand It i ground from the stone wall down thought th,t ,he which K poured. Magazine. Then the discovery of the use of to It men to enabled put electricity work. ' "How late do yonTV Today - It turns wheels which, useof manner all Sunday run mile distant, morning?" "It all depends." ful machinery. Depends However Intelligent you may be, your Intelligence will be of no value to you unless you set it to work. To make K of benefit you must learn how to put it to work, and for what kind of work It Is best fitted. Doubtless you have met many people of whom their friends said: These fellows are keen witted and observing. Why dont they do something beside sitting around and making wise cracks' ? Probably because they are too lazy too averse to Intelligent snd consecutive thinking without which there cun be no real education. National Topic Interpreted hv William Bruckart For the first tlm aerv.tory that moved 4j If hole Sysdlcsts-WN- re's I think." e Today there Is as much acreage in the world as there ever has been. There Is Just as Times What much Intelligence, Men Make EmPerhaP mor-Trivers still flow full banked,' the rains descend to h supply them. At the present time nobody dreams that the supply of oil and coal on which modern Industry depends will give ouL Who then was responsible for the lean years out of which we are now happily passing? - PLU Cleaned 1 SAVE YOU K STOP THE WASTI Of IN 10 . CHAN ED 1 Ut n- BY THE AC C only Men. Some of them were too thoughtless, some of them were too greedy. Some of them were a little worse than greedy, and gathered b Increment which did not belong to them. Oxide-Coate- mis-fir- e six-roo- m S they intermittently. I This wastes as much to gallon of ga AC any Registered ServDealer, Garage or ice Station to stop thi ing Joss of ph sperk your Cleaner. AC with the I I money-byelean- Replace badly vo w A& plugs with new Help Kflfc- - o KttansSs- m about partnership In a - business whtclr he knew nothing.-ir- ws a never boelnessi It But promising r - i' When your sparkplug are 1 The point Is that we are Uvlng In the same world that we always had lived In, and that, as far as we can find out, this world Is going to endure for a great many more cen, turies. , what do to about It?- Well, Make It teach us something. Do a little thinking about people who got bumped. Take Jones, Brown and Robinson, for example. Jones got a promotion In the firm for which he was working, and figuring that he would be sure to get another before long, moved out of a house and Into a twelve-roohouse. Now he Is trying to borrow money to keep It heated till the mortgage Is foreclosed. Brown was persuaded to take a W TOM . . HAYI SaltlakeC fulfilled Its promises, Robinson became convinced that tho rise in tho market was going to continue forever like tho rivers in their 9! valleys, It didn't Robinson wished he could get the old Job back. Lets hope he will. Times are Improving, and maybe, with hla new stock of knowledge he will be able to hang on to a good part of what he makes. r An old for whom 1 once worked In the neighborhood of a California town which- wae left flat after the breaking up of the gold rush, said to me one day: "Young feller, you can' drink whisky, if yere keerful. you .can chaw tobacco without hurtln' you tone, you can even smoke them clgarets, but If you want to get any where, you gotta leave gamblin alone". There Is a bit of advice, which had It been generally followed would have saved people a heap of money. . Forty-nine- i - y - ) .(O 200 Room . ... rates Rad ERNEST s |