Show r THE SALT’ LAfcE TRIBUNE SUNDAY MORNING MAY i HOPE REVIVES IN CLAIM ON SOUTH Holders of Repudiated Bonds Find Interest in Two Recent Events By ARTHUR SEARS HENNING WASHINGTON D C May 23— Two recent events 21 A 5 1931 6-- 95 Length" Cloves Slip-O- n 95 Crepe de Chine Silk Scarfs Leatherette or washable fabric in white eggshell and pastel shades Wrinkle at the wrist! toffiEma® Long double styles with fringed ends Light grounds with bright colored borders! Sports shades GUyUHHB have served to direct public attention again to the repudiated bond issues ol ten southern states Investors In which at home and abroad have in vain implored the federal government to assume the obligation to liquidate The state ol Mississippi a de-- T faulter of 100 rears standing Is The again In financial straits bankers of the state have come to Its rescue for the time being having advanced funds to prevent default of payment of $900000 of short term stale obligations on May 1 By December 31 the state will owe an additional $9000000 The credit of the state is In such low repute that In numerous states savings banks are forbidden by law to InvesLtheir funds In the bonds of Mississippi The other development was the default by theAustrallan state of NewBoutn Wales of payment of to 'tenet on Its bonds The federal government of Australia announced that It would meet the Interest payments on behalf of Its subsidiary government Several Thousand Americana Sweaters less or Skirts in white or pas short-sleeve- d with pleated skirts Misses' sizes 14 to Women’s sizes 20 995 36 to 42 (Right) Don’t Neglect Your Beauty Skirt I (Left) Wbit Wash Bilk Dresses—Sleeve- tela) sizes 24 and — Flannel to 32 293 Wool Sweaters in pastels or white sizes 32 to 42 195 In the Good Old Summertime! (Right) Woo) Knit Pajama Suita — Widelegged trousers striped wester white lash and brown beret 1495 Our Beauty Parlor Haa only the best and most expert hairdressers and and numbers in its personnel— Among Bondholders Among the Australian bondholders are several thousand American citizens who are thus Indebted for payment of the Interest due them to the recognition by the Australian federal government of an obligaUon respecting payment of the debts of a subsidiary state which the Amer lean federal government has refused to recognize up to date with respect to the repudiated debts of several American states Incidentally one of the aspects of the rise of the United States to the front rank of creditor nations Is the banding together of American Investors to foreign securities to protect themselves from loss by default and repudiation There Is in process of formation for this pur- pose an American organization similar to the British corporation of foreign bondholders which for MISS PASSERINE— Specialist In permanent waving hairdyeing and facial massage MIS S SHEARER — Permanent waving marcelling eyebrow arching and finger waving MISS SHERBURNE— Permanent waving eyebrow arching and dyeing Finger waving HISS CLEAVES— Manicuring eyebrow arching and hair-dyei- ng MB LEONARD— Hair cutting MISS LOVE— Permanent war-to- scalp treatment g and finger waving Permanent 750 Combo-Ringlet- te Duart Eugene $8 ri mas-seur- $5 Frederick’ Crocquinole $5 t Ptione for an Appointment— Wasatch 7100 fifty-seve- years has protected the Interests Of British investors to foreign securities effecting the payment of five billions of dollars In principal and Interest that otherwise would have been lost Exclusive of Civil war bond by Confederate states the repudiated debts of the ten southern states aggregate $155525856 with accrued Interest the total repudiated debt now exceeds $600000000 The oldest debts date from the early years of the nineteenth century the most recent from the reconstruction era The ten states with the amounts of their repudiated bond issues outstanding “What’s Your Game?” FACTORYVILLE Pa—Awarded the bronze medal and $1600 in cash by the Carnegie Hero Fund pretty J Annetta Brenneman of Factoryvlllc Pa aged 19 takes her place In the roll of honor of civilian heroes honored by the Institution Miss Bren-- 1 neman won her award when she' I risked her life in saving Frank P Demeck from drowning Although the girl weighs but 112 pounds and Demeck 175 she brought him ashore after he had stunned himself by knocking hts head on the bottom of a canoe coralhg up from a dive Summer Sports Shop PRAIRIE FIRE HITS NEBRASKA! 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Cotton Complex That’s All Our Newly Opened 0: r Now We Have n (j follow: Louisiana $27780924 North Carolina $28270534 Alabama $20338-33Virginia $18045813 South Carolina $17607452 Tennessee Arkansas $16177584 $12473648 Georgia $9863500 Florida $4120-91- 1 Mississippi $2847362 Many Debts Incurred During "Carpetbag” Days A good many of these debts were incurred by these slates during their administration by "carpetbag” go- Blizzards AIsoDeslroy Catvernments to the reconstruction pc-- l tle as in Days of lod following the Civil war As the comwere carpetbag governments Pioneers posed preponderantly of northerners and negroes and frequently dominated by federal troops and as IIALSEV Neb (UP)— Two of the these governments were character- greatest fears of the pioneers In this ized by much profligacy of public state — g fires and prairie expenditure the southern ' wliiu blizzards— have not passed control their of upon regaining Recent weeks have given Nebrasstates repudiated the debts of the kans In the central and far western (Carpetbag regime ss unauthorized sections a taste of both A carelessly promises to pay emitted by usurpers clgaret stub started a prairie That the repudiation of the debts dropped in central Thomas county west o? the reconstruction era was Jus- fire of here recently and over 100000 tified Is still the attitude of the acres of grasslands was burned across who southerners contend that if rangers at the U 8 nation-- 1 these obligations are discharged at al Forest forest here watched the blaze all It should be by the federal gov- from observation towers ready to ernment under the auspices of the fires should they threaten which they were Incurred In the fight Jack pine timber on the cases of two arbitration treaties the the young - The fire burned from the senate at the Instance of southern prefernor banka of the Dismal river In senators voted amendments exclud- the south part of the couuty to the Infrom claims arbitration of ing bank of the Middle Loup in debtedness against Individual Amer- south the northern part of the county ican states fires A large portion of the repudiated a Luckily the prairiesection traversed of the thinly populated Indebtedness Is held by British subcounty racing across the dry sandject who are represented by the hill pasture lands Range cattle were council of foreign bondholders The able the blaze and escape council annually reports on various Theto outflank March blizzard which hit late for states the American forcing plans western Nebraska took a toll of be- to pay up or of Inducing the Amer- tween and 40000 cattle graz- ican federal government to assume tog on 20000 the ranges the debts So far it has got nowhere having failed even to Interest the British government In making any aggressive move in the matter When the British government obtained It World war debt settlement with the United State? it did not ask a deduction to the amount CHICAGO (UP)— A studio on of the repudiated bonds of Ameri- wheel In which painter may can states held by British subjects roam the country the looking for subject Only last year when Lord Reedsdale material has been constructed for asked In the house of lords whether Charles W Dahlgreen Chicago arthe government was disposed to seek tist an adjustment by setoff against the It has the advantage of bringing war debt to the amount of the Brit- an artist to touch with his subject ish holdings of repudiated American without the disadvantage of sun rain bonds Lord Ponsonby replying for wind or mosquitoes Dahlgreen said the government said that "although He'plans to do the question of these debts had been this summer and painting to the west recently completed considered at different times since a trial trip In Indiana 1843 It had never been found posThe is truck equipped for painting sible to open it up with the United as well as living quarters States government” " Lord ponsonby explained that the year a committee considering the be-- 1 United States government had no sponstblllty of governments concern with the obligations assumed action of subsidiary states for the reported by Individual states and that It had Its study incomplete but Is ex- no power to compel the defaulting pected to report at the next constates to pay I ference The council Is now pinning its The hopes of the council are In- to connext the International hopes the replies made by the spired ference on the codification of inter- United by States government to a ques-- 1 national law from which lb expects tlonnaire of the which! a declaration that will Impel the disclosed that the conference American govern- United States to assume the repudi- ment had on occasion recognized the ated debts At the conference 'last principle of such responsibility i 98 Our best seller! 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