Show 4 sj IF g J 11 I 1 0 IX 1 vice president curtla curtis and governor Govern br emmerson En imerson of illinois at the armistice day exercises on soldier field chicago 2 president hoover delivering his notable armistice flay day address at arlington national cemetery 8 view down the long span ot of the ambassador bridge across the detroit river which was waa dedicated with great ceremonies nal OF CURRENT EVENT S reduction of income tax by one per cent propped ed by the administration by EDWARD W PICKARD TP F CONGRESS Is agreeable and it almost certainly will be our income taxes takes for this year will be reduced by about ICO this ts Is the plan of the ad administration ni the announcement of which was made in advance of the presidents budget message to congress in the hope that it would cerveto serveto ser veto to ameliorate the stock market situation tion i secretary of the treasury mellon AI ellon undersecretary ogden mills and nd roy young governor of the federan federal I 1 reserve board conferred with mr hoover and mr mellon then issued a statement st which said in part while the final ae detailed estimates of of revenues and expenditures for the fiscal year 1030 and 1031 1931 have not I 1 been completed tile the secretary of the treasury consider the estimates have reached tit the T point where tax reduction should be recommended to the congress at the coming sessions the indications a are e that bus business alness profits dividends interest a and nd wage payments 1 in 1029 0 will considerably exceed those of the year 1828 1023 our estimates indicate that the government should donld close both the fiscal years 1030 1930 and 1031 with a surplus taking at nil 1 factors into consideration the secretary of the treasury with t the lie 0 approval bt the president will recommend tax reduction to the congress the form of relief to the taxpayers which tile the treas recommendations will probably take wilk wll be a d I 1 per t cent reduction of the normal tax an on the lit incomes comes of individuals and corporations po rations applicable to 1929 incomes and nd payable in the calendar year 1930 the total reduction of taxes to be collected during the tha calendar year 1930 1030 will amount it Is estimated to the n duct lon it Is hoped will take the form of a joint resolution of cod congress gress thus permitting prompt action by both houses by avoiding a general revision of the revenue law aw i the proposal has haa iteen been discussed with the republican and democratic leaders of both houses of congress who vibo have tentatively approved the proposed recommendation it was believed in washington that enactment of the necessary legislation will come early in the regular session cession of cf congress which opens on december 2 raiment on the stock market situation C COMMENT keemp seems superfluous tor for avery every one in the country has haa been reading the financial columns with avidity it not with dismay day after da day y prices their downward way wa and it seemed as aa if ff the market lad had no bottom even een the bears were surprised and one ol 01 their leaders jesse jcsse livermore was quoted as saying that prices of many of the good flocks had fallen too low bu but t the amateur speculators were panic liOen en and refused to listen to reason j on many of the hi highest hes priced industrials dus trials fell to new low reco records ads for the year and lots of bargain hunters of the previous week were caught th in the jam the new york stok stock exchange on wednesday took steps to ferret out the undercover selling that iad had foiled all efforts to stabilize the market every asvery member was waa called on to give at once the following information A list of stocks borrowed bud and from whom and for whose account a list of stocks loaned and to whom intra office borrowings borro and for whose accounts ants a list of all stocks which they have failed to dellver and for account this action together with the tax reduction news brought on a flood of buying orders and prices began to wove inov upward P PRESIDENT RESIDENT hoovens HOO VEng armistice day address addres sat at arlington national cemetery ivies was hailed la in america and europe as aa ofie one of the most important pati iver mada by him and it was given general approval briefly lie the other oilier powers to a radical reduction of naval caval armaments declaring aring that th ohp 0 united states would reduce duce its naval strength in proportion t lon to any other that mat it re remained for tit tins others to say how low they would go and that ill U cannot be too loo 10 low for us lie suggested the exemption of merchant ships carrying foo fool I exclusively from seizure by belligerents lige rents as tile the first step in solving the problem of the freedom of the spas sells tie lie proposed amplification of the kellogg antl dwar d war pact by provision ot of automatic n u machinery for investigation of disputes involved in violation of the pact sult subjecting JoLting the aggressor to tha mhd searchlight of public opinion and tie lie suggested the need of additional arbitration treaties and of an authoritative system of international law throughout his address mr air hoover revealed himself as an ardent advocate of world peace and the reduction of preparations for war but asserted the latter must be by agreement only 1 I have no faith in the reduction of armaments by example alone said the president until such time as the nations can build the agencies of pacific settlement on stronger foundations dat ions until tear fear the most dangerous t of jf all national emotions has been proved groundless by long proof of international honesty until the power 0 of f world public opinion as a restraint of aggression has had many years of test there will not have been established that confidence which warrants the abandonment of preparedness for foi defense agony nations to do so BO may may invite war 1 I am for adequate preparedness as a guaranty that hat no foreign soldier shall shail ever step upon the soil boll of our oui country it should be noted that mr lier sa said ld his suggestion concerning food sit ships aps fps in war times would not be discussed at the london naval reduction iod conference ONE NE of the many interesting events on armistice day was the dedication of the ambassador bridge the first to be built it across cross the detroit river to canada it Is the longest bridge of its type in the world and cost its tree free span spa Is 1850 feet long and its total length is one and eight tenths miles the ceremonies included military parades in both detroit and canada and addresses flauding lauding the structure as agn an aid in perpetuating the years of peace between the united states and the dominion sin S M RONALD HONALD LINDSAY british under of oti secretary state tate for foreign affairs has been selected as am ambassador basia to washington to succeed sir esme howard who retires from the the diplomatic service early next year sir ronald la Is well known in this country and his wife Is an american a daughter of the late colgate hoy hoyt t of new york nelson johnson asil assistant stant secretary of state in charge of tar far eastern affairs aff alra was appointed by president hoover to be minister to china to succeed john van A Ala macmurray cMurray resigned ile he la Is a career diplomat who ho has served in china and Is remarkably mar kably well posted on the entire far eastern situation william phillips has resigned the post of american in minister inister to canadate the deep regret 0 of f president hoover and the state department lie ile was offered another diplomatic post but wished to return to the united states on account of his children SENATOR bIN CHAMS theory that thep the senate tabby lobby committee was packed against the republican tariff bill received a measure of substantiation when its chairman senator cara way asserted that its labors would soon be concluded for of all the lobbies operating in washington little or no attention has heep been palt pali by the committee to any others olbers than those whose concern Is the tariff joseph it t Sr undy veteran lobbyist for pennsylvania interests was recalled by the committee last week and mr caraway demanded that he name the senators from backward states who he contended have too much voice tn in fixing the policies of the nation mr grundy said that on reflection he had decided this would ile be improper and unbecoming and mr CaraNi caraway ay called him a and yellow but a moment later the senator retracted this shook sir air Grun grandys grundys dys hand and bald that after all he liked him in a report to the senate chairman caraway deau dealt with the testimony given by llam burgess of new jersey representative of pottery and other interests the senator flatly accused burgess of perjury and slander and said he was a paid who had no regard whatever tor for his bis reputation 11 D DELEGATES to the conference to establish the new bank of international relations signed the statutes statute a charter and trust agreements of the institution and departed from baden baden the statutes as published publIsh edAm immediately fix basel switzerland na as the seat of the bank and describe its purposes as to promote operation cooperation co of 0 the central banks provide additional addition nI facilities cili cill ties for tater international national financial operations and to act as trustee or agent in regard to the international finan caal settlements entrusted to it so long as the young reparations plan la Is operative the bank will not only observe provisions of the plan in administration of operations operation of the bank but also will conduct its affairs with a view to facilitating execution of the plan during the young plans operation the bank Is vested with the fun functions etione of receiving and distributing the german reparations and supervising and assisting in commercialization and of certain parts of thi the german annuities ADM SHAH the new king ot oi afghanistan has issued a proclamation la saying that strict prohibition bl Is iii to be enforced enthat in that country tile the rights of the people are to be equal equa w with ith no distinctions as to nationality tiona tion lity allty caste or birth except excepting ini those prescribed by the sacred law A recognized national armi army has been established and equipped with the latest implements of war A military school Is to be founded at kabul the capital where officers officer will be trained in modern modem scientific warfare king Nadi ralso says he hopes to conclude a trade treaty with tha aba united states REDUCED R EDUCED to poverty and without desire to live longer the former princess victoria eldest sister of the ex er kniser kaiser of germany died in a hospital la in bonn at the age of sixty three ahrea years wilhelm Wll helm was estranged from her when she married alexander boub kofr koff a russian refugee and ga no assistance when sho she was forced to sacrifice all hir her possessions to layher husbands debts she had bad tip applied plied for divorce from the dissolute who was expelled from germany and has been working is as a waiter la in luxemburg other deaths deaths were 6 those of james A hobb hiance annance mi minister liNter of canada dr B U A allen alien chief of the experiment stations of the department of agriculture dr frederick monson of california eminent anthropologist and lames J riordan ni ordan new york banker and an d close friend of at AI smith who committed suicide WHAT west HAT la Is believed to bs be the largest embezzlement in the nations nat lone history was revealed by a state statement meni of the off officers leers of the union industrial bank of flint midi it shows allows that within the last few months ten or more mo re of the banks employees baa h RV stolen from it money gonei and sec securities urille to the amount of cha charlea le S mott president of the institution has deposited cash enough from his private fortune to guarantee the depositors po ra again against S t I 1 toss os SOCIETY along ohp th atlantic seaboard was provided with a sensa tion alon when it was learned that willlam william NY willock Wll lock jr of new york had married adelaide In gebort a recent immigrant front from norway jorwa y who hail had been be his mothers chambe chambermaid rinald the young groom Is the son of W W V willock of the social register and former vice president of the jones I 1 ila steel company and his mother was vas the daughter of the late into n B F jones the family fortune Is reputed t to 0 bo be more than one lit hundred indred million dollars loll nr but how much the son will get to la questionable tio lie ile and his bride were found in a 5 a week room in oyster nay bay 0 la 1929 petern |