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Show THE WEEKLY REFLEX Pare 2 Trust company of Breathitt county, News Review of Current Events the .World Ovet i Congress Quickly Acts on President Roosevelts Request for New Legislation. Reopening of Ranks Spurs Upturn in Business Activities. templated law are wheat, corn, cotton, cattle, sheep, bogs, milk, dairy products, tobacco and rice. Along with this the President proposes the aoaling down of farm mortgages snd s reduction In tbs Interest rates through agricultural credit agencies, all of which are to be consolidated under the direction of Henry Morgenthau, Jr. PRESIDENT ROOSEVELTS congress that be be riven authority to make cuta In the aalarlea of government employees Vr-- np to 15 per cent, " ' v "and to make redue- ' tiona in the amounta paid to "veterans, that authority to include practically an entire revamping of the government policy aa It appliea to government expenditures, aa it appliea to veterana of the World war and other wars, met t - sponae on the part repreaentatlvea and the senate. The bill passed the senate by a vote of C2 to 13. Forty-thre- e Democrats and nineteen' Republicans voted for the measure; four Democrats and nine Republicans against it Tlie voteln thehouse was 206 for the measure and 138 against it That result waa not achieved without difficulty, and the difficulty came in the ranks of the President's party, and its passage would not have been 1 approval It la believed the President will make a saving of approximately 8385,000,000 In the expenditure for veteran relief by cutting ont all men whose disability, on which claims for relief are based, was not the result of war service. The reduction In the' salaries of government employee! la expected to save approximately another $150,000,000. In the senate an effort was made to delay the passage of the act by proposing amendments and the senate chamber resounded to the oratory of friends of the veterans and of federal employees, battling against certain and overwhelming odda to win some amendment to the bill haa Republican aid in securing desired legislation for his banking, economy and beer program, he will probably not be able to depend upon It to the same extent at least for his farm program. That contemplates giving the President dictatorial powers In somanlp-ulatlngjhprice of farm products aa to bring them up to e whatla JtcrmedLA parity price. The contemplated' law would authorise the President acting through the secretary of agriculture, to .fix a parity price of each farm product; that Is, a price at which the producer of the product would be placed on a parity with the producer of manufactured articles For example, the secretary of agriculture might .declare $1 a bushel to be the parity price of wheat. The object then would be to manipulate the price of wheat upward until . the desired parity prlcc.Bhauld-.be....rfachcdL- J, In order to raise the prices of fajm products the secretary of Agriculture under the lerms of the bill would Invoke various devices. He .might.. employ . tli?.. domestic allots ment pan to Influence the prices of one group - of commodities and tlie government land leasing plan in the case of another group. Secretary Wallace Insists that tt would ot be a price fixing law for the 'reason that no price would be fixed by fiat Inst end. a price would, be declared to aim at and the measures adopted would be those Judged most likely to raise the price to the point desired. . The products covered In the con , The banking crisis Washington. nation is passing the which through Illustrates better Real Danger than language the Not Realized delicacy Nof bal ance that exists In Tiormul times k) the country's financial structure and the money litical snd economic those methods show disorders snd ex- problem, for bow a misstep or a slip pressed a fervent clearly would wreck that has been acall wish for disarms-- ' restoration of for including complished, opening began ment .and settleBANKS on March 1& On that date confidence. public ment. of war debts. It has been, and continues to be, only hanks connected with the Tbe p o n 1 1 f bean Reserve system snd located In ordeal by fire or whatever jneth-od- s stowed ths Roman Pius Federal Reserve bank cities opened Pops they used of old as a test, for on six new Roosevelt and his secrePresident their doors under licenses from the cardinals of thspurpls chnrch and an- Treasury department Ranks In all nounced that two others would be tary of the treasury, William H. clearing house citlec that had ap- elevated later. Tbe six elevated Woodln. Thus far, Mr. Woodln has retained hissense of bumorT and plied for and been Issued licenses were.: Pietro Fumasonl-Blondl- , foreither by the federal treasury, or mer apostolic delegate at Washing- it appears due to that fact alone that In case of state banks, by state ton be has been able to last under tbe ; Archbishop Vllleneauve of Quebanking departments, began openbec, Angelo Dolcl Archbishop Innit-ee- r strain of tbe eriloua period. A a time passes since the memorable ing on Tuesday, and those In the of Vienna, Archbishop OsU of smeller cities snd towns on Wednes- Florence and of Murch 5, when the Presinight ArchHiiiop Foasatl of dent, by' proclamation, closed the day. Turin. There were no restrictions placed countrys banks, and when he called on the banks In the way of limitthe congress Into extraordinary sesa special message of only It became more evident that ing withdrawals, except where the tbe shortest Pres sion, was to secure the depositor country could not know tbe real attempting Identlai message ever written sums that would Indicate hoarding of the situation at Its worst danger when the person making tbs with- the President secured legislation That accounts for much of the semakdrawal waa required to state his amending the Volstead act and the sev-- , 8.05 per cent beer legal In the crecy experienced during ing ersl days succeeding March 5, when purpose snd glVs1 his name and ad United State. Tbe President's 72 the I dress. treasury was unable to tell fully words were ij t, The banks were also required not waa happening. There had to what , I recommend to the congress the to pay out gold or gold certificates, be a period in which to survey the passage of legislation for tbe Immeth embargo the President had diate modification of the Volstead situation and consider as quietly as placed on gold being continued, and act. In order to frightened men could. what the best legalise the menu course was. vast amounts of the metal were befacture and sale of beer and other In other words, to have the bank ing returned to the banka. Up to of such alcoholic content March 13 it waa estimated the Fed- beverages structure from wreckage and Ing as Is permissible under the Con eral Reserve bank In New Fork had hold the currency of the nation np to provlds through received more than. $100,000,000 of stltutlonr; snd In the faith of the people, drastic hoarded gold and In Chicago more such manufacture and sale, by aub action was require. a proper snd much than $23,000,000 bad been returned. stantlal taxes, It became evident immediately revenue needed for the government. The returns throughout the nation after the decision ad been reached 1 deem action st phis time to be to close the banks until Indicated a larger amount of gold legislative ' of the highest Importance." remedies could be enacted, that the brought back to the banka than the The beer bill provides for-aal most difficult Job lay ahead. The total withdrawal of the metal since cohollc content of not over 3.05 per banka could be closed with ease, February 1, though the government cent, for a tax of $5 a barrel, for but did not give out any definite statecould not be opened with a license fee of 11,000 for each the they ment on the subject same celerity. So a group of It was after the President had brewery, and the law to be effec- earnest men, government officials, 15 days after It Is signed by the bankers and economists, set to repeated snd emphasised the em- tive bargo he had placed on gold pay- President, which means beer will work to find out the way. ments that Governor Blood of Utah be on sale shortly after the first of Those men recognized that pubj signed a bill passed by the legisla- April lic confidence was shaken. It had The bill was passed by a strictly been disturbed ture requiring the treasurer of the by isolated cases In the house vote. state of Utah and of each taxing such as Jmjl occurred In Michigan subdivision within the state to pay 238 Democrats voted for It, and 58 snd In Maryland. These had resultall public employees under their against; 73 Republicans for and SO ed In hundreds of thousands of peofor against, and 5 Farmer-tabo- r Jurisdiction In gold coin." ple niHhtng to the banks to withdid not members and vote, Twenty Where will Utah get the gold? draw their money. That was natThe President, In a published there are two vacancies ural Whether it was right or Kansus was the only state whose wrong to he a hoarder does not statement and also a national broadcast, detailed In simple Uinguage representatives voted solidly against figure here. The condition hapthe reasons for the national bank the bill while the representatives ol pened, and In order to reopen the holiday and the plans for opening. 18 states voted all wet. In seven banks, there had to, he a measure He was careful to emphasise the states the representatives cast s of confidence point that the time of opening any dry majority. Here is where the emergency bank was not determined by its The senate amended the hoiiB4 banking legislation enters the picrelative condition, hut by the ability bill to Include wine, to mnke the al ture. It proposed to make sufficient of the officials of the Federal Re- coholic content of both 8.05 Instead funds available so that the banka serve banka and of the Treasury of 3.2 snd to prohibit sale to dill could have all of the cash they department to make the proper dren under sixteen years of sge needed to pay out when their deposcheck for the Issuing of licenses. The vote In the senate was 43 for itors cnlled for 1L Unless the He explained that banks that were the bill and 90 against, also along banks could do that, there was no not sound would not be permitted strictly lines. use to reopen them; if they could to open except under government It Is estimated that $5 a barre do that, nearly all of ns were made supervision for the purpose of re- tax on beer will produce about $125, to feel that there was no necessity 000.000 additional revenue. organising them. for taking our money out of the The reopened hanks were supplied bank, except, of course, the money with s liberal allowance of the new for Immediate we had to Send for food and that PLANS currency based on hank assey but rehabilitation are wel clothes and ordinary expenses. In practically no case waa any of under way In Los Angeles and Its this needed aa the deposits exceed- suburbs, where earth tremors caused Secretary Woodin several times ed .the withdrawals, and In many 115 deaths and property damage es has expressed his amazement at the cases the new currency was re- timnted at $75,000,000. An appeal calm demeanor of turned to the Federal Reserve has been made to the federal gov Calm the American peo-iPeople banka. v eminent and the Reconstruction Crisis pie in the crisis. Finance corporation for the majorHe said he bePRESIDENT ROOSEVELT took ity of funds needed for rebuilding lieved that no other people In the from the urging of Congress passed a bill. Introduced world would have accepted the sitnew legislation to give some con- by Senator William G. McAdoo of uation with the same philosophical sideration to the fllDng of Impor-- t Los Angeles, for an emergency ap calmness and understanding that a n t diplomatic proprlatlon of $5,000,000 to relieve marked their attitude in the circumHe sent hsa posts. immediate distress. stance of a Presidential order that the names of Rob The eurthquake will probably give closed all banks st one stroke of ert Worth Ring to science the first accurate records the iea. It made solution of the ham, Louisville of Just how the earth shakes dur problem much easier. Of that there as ambassador Ky tng such a disaster. Information can he no doubt to Great Britain f which nay be highly valuable in It may be several months before Jesse I an dor Straus constructing buildings to withstand banking, as we have known It In president of It. H earthquakes In the future. nprnml times, will he operating MacyA'Co.,New Rut that should not be disagain. V o r k department French cabinet Is sounding couraging. The banking operations THE the members of the chamber that are not store, as amhasss going to go forward as dor to France, and of deputies In sn attempt to whip they used to will be of the type Daniels, Josephus op a majority In favor of paying that does not Interfere with the bulk war secretary of the navy, under the $19,261,432 war of the folks. Ordinary transactions whom Mr. Roosevelt served as asdebt Installment to can even now he carried out sistant secretary, as ambassador to the United States through the banka without the Mexico. which waa defgult slightest hitch. The story It tells At least one of these will meet ed on December 15. one of accomplishing what many is with some opjaisHlon In the senFormer Premier observers here feared were Insurate. Senator Arthur Robinson .Herr lot ha& leen mountable -.- difficulties wheit they IRepn"lfiT:T5hruVtniceJTriurhJ lobbying In the govfirst arose. would offer evidence that Mr. Bingernment's behalf, There waa much that was not ham had roade.speeches in England to seeking pledges written for the metropolitan press which cruised him to he' labeled as vote g favorably TtrTtnrTtrwarf'theTyrtTtmyiiwk" apologetic American. case Premier Dala- March 5. Things happened so j of Advisers of the President, how- dier should decide ami the dangers were so grave fast satwas ever, declared that he fully to bring the matter that many trained newspaper cor isfied that Mr. ItingliRm will assert Daladier a T0,eRerrlot round inemselvee at a respondents a nd defend Americas position on iTns heen the deputlesthaL , loss to present the picture.- -. They jelllng all Issues emphatically and "pa 11 is necessary to act quickly, as the were handicapped, of course, by the trloticnll.v. government would like to have the secrecy that the officials found necpayment coincide with the departure essary and consequently there was II70RI.D war veterans, the Unit oftlie new French ambassador to confusion. Hence, tt appears likev V ed States Supreme court de- Washington. months must elapse some that ly cided, are without priority over he an analysis of can before there other depositors In tlie claims A TORNAIH) swept the Tonnes At least, there the circumstances. against Insolvent, hunks for the see Kentucky border from the must be more time before we can money 'received from the United Mississippi river to the Cumber learn from the experience of these States. The ruling was handed land mountains killing 30 persons, events what the lessons were snd down in a case involving a deposit injuring more than 200 and did what can he 'done to prevent a reof approximately ffl.OiKL which Sam damage estimated at $1000.000, currence of the dangers and the unSpicer had In the Hargis Bank and & 1923, Western Nwnt'iiper t'ntoi. wise moves. If there were such in non-partisa- n -- , n n - - ( the decisions of 6. 1111, Boll Syndicate. 'By . . LOUISE M. ,COMST0c By ED HOWE WNU Bervlc. Rachel Jackso growled at me lately be cause I so frequently denounce Look at the river Improvement. Rhine, he said; Improvement has of black cm undoubtedly been profitable there." symbol that iD And 1 replied: The Germans have been practically using the Rhine for more than fifty years. I have lived lD! on the Mississippi river longer than ration, martjre maVS thal seen money wasted on Its Im- W Political eneiiilw provement every year, and not a For Rachel was single steamboat . Thats what I ow Hl'kh grumble about: the American plan of spending public money and getfrom North Carolma ting nothing out of It" aw and order in the o The most merciless critic I ever tlement of Nnstmiie he ZZ the home o, linrM knew and I may add, the ablest has been a. charge on the county Widow Donelhon. . many years as an Inmate of the poor a vhd()Ug e 0f Uwls U,,bri bouse. . . . And not one of those he Ihl met during , criticized so severely Is In the poor ,isil house with him. There was a dull tncky. Rohurds it seems r man named Lem Whalen the critic Jom home, but chose m be of his was particularly severe with, but fe when he Lem kept at work In his dull way, there. Finally Rnhards loudly nounced his Intention of and Is a leading cltlsen. W administration. MAN Sound money advocates have exemerpressed much fear over the waa that gency hanking legislation enacted by congress with s speed that has been equalled only In war time. It 1a true that the law Is nothNone ing but wide open Inflation. bd we use In dally life. An obsound that communism Is that lesson has been furnished also denies it, anywhere. The ject attempting to ex- In the methods developed by the money group, however, are not so ploit ths world's po- federal the law as they would government to deal with the fearful of non-partisa- Heroine O. O. McIntyre I - the President OF riea Spending Public Money One Critics' End WITn Farmer-Laborlte- WHILE SPECIAL Interest to Roman Catholics Is ths allocution delivered by Pope Plus st tbs secret consistory Inaugurating tbe holy year. His holiness Issued a warning Howe About Fed-era- T Quick- re- withj of thA house of possible without the aid of RepubV llcan members of the house, in a party caucus 02 Democratic members bolted tlie President's leadership and voted against the measure, their opposition being to that portion of the bill giving the President dictatorial powers In the matter of expenditure! for veterans. At the final poll call, 1Q7 Democrats and 69 Republicans voted for the bill, and 02 Democrats, 41 Republicans and s five against it Several members who were opposed to the' bill bnt who did not wish to be recorded as against an economy.-measure, decided not to vote. ' An analysis of the vote shows that 68 per cent of the Democrats voUng and 62 per cent of the Republicans stood by It, but leaders said that the Democratic percentage for the measure would have been much lower had not a parliamentary maneuver been invoked to prevent rebellious members of the party caocua from going through with their plana. Still another factor waa credited with part of the favorable vote, and that was the word passed- around tha house cloakrooms that President Roosevelt planned to denounce the radio opposition In a nation-wid- e broadcast If the bill had failed of ' Kentucky, when It became Insolvent The assets of the bank were not sufficient to pay all depositors, and it was contended that money received from the United States by veterans for Insurance and disability allowances Was money of the United States while on deposit In banks to the credit of veterans and was therefor entitled to priority. The Supreme court decided priors permabe If It were enacted as Their only concern nent policy. now Is, and they seem Justified In It, over "the question .whether the emergency provisions will be withdrawn at the proper time. The law provides that Its emergency sections may be withdrawn by Presidential proclamation, which would be an action restoring the former cur Isrency basis If the currency "taken is sued under Its provisions out of circulation slowly there ought not to be any bad effects, according to the experts on money questions r anf1 lesson with which I have been greatly Impressed Is that everything worth while requlres hjgrd work and enthusiasm, no man can succeed at anything and be Idle, shiftless and thoughtless. There la a man In New Tork named O. O. A McIntyre who has succeeded as a writer. , That he Is unusual must be( admitted, but It depresses me to read of his great Industry. When he walks about goes to a theater, or1 to s dinner, he la at work; looking for something to write about It la said of the poor farmers that they work from sun to sun. McIntyre does It and. In addition, works half the night Some one has recently written of the real Thos. A. Edison, who became so famous the entire world paid him tribute. He turns out to have been quite sn 9rdlnary man; very untidy, often unreasonable, chewing tobacco constantly and spitting wildly, bnt he was a great worker. He moved a bed Into bis shop that he might economize on the tfme required for rest; and had a better time working than others have playing. Good work provides the good times we hear of, and are always looking for vainly in vacations, in night dubs, st card tables and on golf fields. - u, Jr., who la tlie new chairman of the Fedora! Farm board, la dead set against it He wants to get the government out of the field as qulcklj as he can. And with the power he la understood to have from the hands , C President Roosevelt Is going forward In carrying out his promises to reorganize the government aa though he Intended to accomplish something. Heads are falling everywhere; new faces are appearing with a suddenness that Is quite unusual even after a j change In administration, and plans are being formulated that are announced as definitely In the direction of money saving In the cost of government It must be stated, however, that the appointments thus far, for the most part, have been generally recognized aa plums! They are the Some animosity Is behigher-up- s ing aroused, and U la possible that It will spread to congress where politicians want and are counting upon, their share of the pie. Rifts may result At any rate, the President has moved boldly on his appointments thus far. Just as he moved with boldness in dealing with the hanking crisis Attention should be called. In passing, however, that In the banking crisis Secretary Woodln relied to an amazing extent upon the adof the men vice and who had preceded him in charge of the treasury. Ogden L. Mills former secretary, has participated In all of the many conferences. Respecting this sharing of the labor, there Is gossip around Washington that Mr. Mills and his associates had worked out the program for closing the banks and for their reopening on a new basis Just as has been done, but that President Roosevelt while still Presidentelect. declined to sanction the plan. None knows of course, whether this Is true It can be dismissed, therefore. as being among the things that are most interesting. If true. . The new administration, apparently la going to have nothing to do with crop No Crop Price price stabilization Stabilization Henry Morget-tha- ncJS dark-eyed- off J for JacksonS political M 111 St he 'enemle quick to seize upon It and us As a result Jackson fought at one due) melodramatic aspec In 1828, when her husband making hia second attempt tor Presidency. Rachel was sixty, old as women of the frontlet n an rtn it i arc at sixty. Once again tbe old a dal waa revived, circulated thro out 'the country Back in the mitage. busy tending the plants while the general waa away, er iij etc o ledJ t&lning his friends, among them famons Sam Houston and Gen Lafayette. Rachel was keptignoi of her unwelcome pan In the c paign. After the election, I ever, waiting in the bach roon a hotel In Nashville where the bees buying clothes to wear i she accompanied her bnshaud Washington. Rachel overheard I believe in a fight when It - be- pie laughing and talking out fr comes necessary to effectively re- They were talking about her! sent wrong. The most absurd, use- returned to the Hermitages bm And less and. unnatural sentence ever sick woman, and when to Washington written was the advice to love our Jackson went up I enemies. No one does It; no one next March, he went alone should do It From the beginning To bey Riddle f time men have, on proper occasion, hanged enemies for the comIT was an Indian womas mon good, but some one (who hated aided the white man ta Ida enemies) did not neglect as a his first foot hold in this cost literary novelty, to advise others to so another Indian woman, appcc of love them. I have never been able ately called the Pocabonta to understand why more than' half Lava Beds," befriended hltaiga that Is written or spoken today is her own people over two sad wrong, useless and unnatural centuries later. Wlnetua. daughter of the Moc In my home In the country I nave bad married Frank Riddle, l heard no show commended as much man. adopted hla custom, ten as Of Thee I Sing." The show has hi language and taken the t not come within two or three hun- of Tobey Riddle Now the M dred miles of me, but travelers to were a small and peace-lovlithe big towns have seen It snd told of tbe Pacific Nortbweit, t tan me of its nnusual cleverness. doom was seajed by tbe h aettler whit The writers of the play have maae ing Inroads of a great fortune. Soon we will be gon and California, to to hearing of their yachts, their Modoc braves, with three vtf children, strings of raee horses, of their be- many women and near bed lavn ing sued for alimony. trenched in the w Can anyone doubt they have won border. In vain Gen. E. R $ en tbe with their distinction and money hon- attempted to treat not to f estly? Any poor man who abuses He wan under order them because they do not divide they would not. At length-agewith him, or charges we need a new of gaining their ndl " form of government because these of the Modocs planned to rnortw men have succeeded, la unfair and whites at tbelr next QtTtoj . mean.' their leader. Captain AS . I of the President, there remains, little chance that Mr Morgenthau contemplates lndulglug In any operations such as the previous Farm board employed to keep prices up. It might be said In connection with Mr. Morgenthau's appointment, that eventually he will blossom out as the agricultural spokesman for the president He may These men spent many s day and even overshadow the secretary of In drilling dry holes;, now dollar A. Wallace. That agriculture, Henry that they .have struck oil they are of course. Is a guess, but President Roosevelt wants to amalgafairly entitled to all a gusher may mate all of the various agencies bring In. having to 0o with farm credit and JThe old soldiers - seem- - to -- love make- -' them - function as - one --un!t. : Supervision of this work Is slated declarations that they Baved the to be placed in Mr. Morgenthaus country, snd to quarrel with citihands, and It takes no stretch of zens who doubt It Why do they the Imagination to foresee the trend not confine their quarreling to other men who are opposed to of events. the bonus? I read that In one Of course, one of the reasons why the rearrangement was plnnned. It neighborhood eleven American Was stated. Is to effect savings- - of posts have denounced the boone nus; man prints a government money. The President thinks such an organization will not statement in the papers that the he so. expensive toopernte. Rot ft bonos la plain graA and gives his in case' anyone TOmatTiS t6 Le'seeri whether tVls wfil namnnfflflares wlkhes to argue or shoot It out with be true. The experienced observers In him. ne says hla future taxes, on ta,k Bar- - more It la easy to see where finally than his bonus payment saving will amount to. Iq addition to prob-ahlbe made In eliminating useless or wrecking the country. 1 have surplus agencies of the government qjso wondered and regretted that Tel'lt Is not so easy to attain tho savings. Payroll In government of 'drunkards do not argue, sing and tell Joker to each' Other, snd let so' flr'es," opce established.' nearly ways have a tendency to grow, am her people alone. tlie politicians proceed to fill place 1 am tired of os fast as they can and J hearing old things to crest-n- ew of no great Interest talked about Job where possible. The suit Island It applies to the tv over and over. As s young man nrc reaches adult years he begins think posed , wilficntlon of farm cred ing of mating. The same thing has agencies as Well others, thos been going on for some millions of now on he payroll are more tha years, but we tnlk shoot It today likely to stay.' How they win aa though-stt- ch a thing never hap off Is something that non. iwned before, and watch the young here have been able to answer t man my satisfaction. closely. In hojie of discovering more about this new Nfwsptpt Cah development Is human nature. , jLe-glo- n to such trearhery. woman's hat anl aha consent shaming him Into sod Now Tobey Riddle band were frequently to act as interpreter bet docs plot, she General Uanby. to call off the conference rd his tojM b, had given , men. Five 'hl,es J tea to meet the Modoc b to True flag of true. by went out unnrmedjo . Indiana With whites, two f weapons. Tobey "irVas-inrentw-ro- nnl Modocs again Uanby again ref ' ' -- Captain Jack men were down, fourth hnd taken menu a ( ,the. wa wi she only wounded, th was She fene.rifle. a of butt she cried. Soldiers the Modoc fled nu Mearham wa health, the 1 CS 3. , Ute.-poaiti- ' C which still controlled suck m In Tennessee territory, to rr for It News that his request been granted filtered back to rille, and In the summer of believing herself free, Rachel ried Andrew Jackson. Three years later. Robard i ally did secure the divorce, on ngly grounds of adultery, thonghj he couple, was etralght remarried and thelrll friends quite wii ing to forjk the ma g $s u.J n te , j fCt-- L hunted down and and 'Tobey. teacher and ujlssin ' guunji . race. died In 1ICU- |
