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Show NEWS REVIEW OF CURRENTEVENTS Farm Board's Experiment in Stabilizing the Price of Wheat May Succeed. By EDWARD W. P1CKARD UNCUS SAM, through the medium of the farm board's stabilization corporation, Is engaged in another noble experiment, namely, the support of the domestic wheat market to keep prices from experiencing unwarranted declines. Thus far the experiment seems to be successful, for purchases by the corporation maintained the price on the Chicago Board of Trade around the 73-cent level, while wheat in foreign markets was slumping far below that point. Before the week closed, it was estimated, esti-mated, the stabilization corporation was holding about 100,000,000 bushels, and it was said in Washington that the federal farm board would ask congress in the next session for another an-other appropriation of $100,000,000 to continue the purchasing policy. The coarse grains committee of the board at a session in the Capital strongly endorsed the policy adopted by the corporation. It pointed out that prices of coarse grains had failed to reflect the shortage caused by last summer's drought, owing to the weakness in the wheat market. A check to this decline has been essentia if coarse grain prices are to show the strength warranted war-ranted by the feed shortage this year, the committee declared. It recommended that the Treasury safeguard the interests of domestic producers of coarse grain "by levying the maximum duty on all mixtures of feedstuff s.'' The government's stabilization efforts ef-forts were at first severely condemned by many grain men, but their success In the admitted crisis brought about a decided change in opinion and won general support for the plan. However, How-ever, there remains the question of the disposal of the great surplus accumulated ac-cumulated by the corporation. Whether Wheth-er any considerable part of it can be sold abroad is problematical, for other countries are getting ready to prevent this by anti-dumping legislation and decrees. PREMIERS and bankers of' the western provinces of Canada are doing what they can to restore wheat prices and prevent a recurrence of the slump, and with a measure of success. On the Winnipeg grain exchange prices were rising and greater confidence confi-dence was manifest. The leaders up there declared the Canadian wheat pool would not be broken by the crisis. The premiers of Manitoba, Alberta and Saskatchewan were in conference in Montreal and suggested that the government set a temporary mimimum of about 70 cents a bushel. A dollar mimimum, however, is the goal of Saskatchewan farmers, and wheat growers of Alberta urged a mimimum of SI. 15. Any plan for stabilization by the Dominion government must await the return of Premier Bennett from London. THE immediate reason for the farm board's action is thus set forth by an expert : The western wheat co-operatives, both in the United States and Canada, have borrowed heavily from banks. As wheat prices declined, and the margin of collateral got thinner and thinner, the co-operatives were faced with just one thing the forced selling of millions of bushels of wheat. A drop of a few cents more a bushel might bring on a crisis of major proportions. pro-portions. American millers have been contending con-tending with plenty of cancel! 2d orders or-ders upon the theory that wheat can ' be bought much cheaper at a later date. Possibly 100,000.000 bushels of wheat were affected in these two situations. sit-uations. So, Mr. Legge and his associates asso-ciates of the farm board again entered the market to stabilize prices. WITH a stirring and optimistic speech President Hoover opened I Wednesday night the White House conference on child health and protec tion which undertakes to develop into a national welfare program the suggestions sug-gestions be made a year ago. Twelve hundred experts have been working on the problems he set 'forth at that time and it was for this conference to co-ordinate their solutions. When the big gathering had been called to order by Secretary Wilbur, its chairman, Mr. Hoover delivered his address in which he asked for safeguards safe-guards and services to childhood beyond be-yond the reach of the individual parent and which can be provided only by the community, the state or the nation. "If we could have but one generation of properly born, trained, educated and healthy children" he said, "a thousand thou-sand other problems of government would vanish." His solution for the Questions concerning5 childhood which he said should stir a nation was "much learning and much action." FOLLOWING the collapse of the investment in-vestment banking house of Caldwell & Co. of Nashville, Tenn., more than fifty banks have closed or suspended payment. Most of them are i: Tennessee, Tennes-see, but some are. in Arkansas, Kentucky Ken-tucky and Missouri. The affairs of Rogers Caldwell, head of the investment invest-ment concern and formerly regarded as a financial wizard, had been in parlous state since September, when a state bank examination of a subsidiary of his company, the Bank of Tennessee, caused the authorities to require a deposit of ?3,S10,000 in securities to cover liabilities. Incidentally, the attorney at-torney general of Tennessee now announces an-nounces these securities are missing. Thursday morning the Central Bank and Trust company, largest financial institution in Asheville, N. C, failed to open for business. A notice was posted stating the bank was closed by order of the board of directors "for the conservation of its assets." The bank's latest statement of condition showed deposits of more than $1S,-000,000. $1S,-000,000. William Virgil Bell, president of the First National bank of Horse Cave, Ky.,' which closed early In the week, committed suicide by hanging. TRUSTEES and faculty of the Unl-versify Unl-versify of Chicago have sanctioned a radical experiment in education. The traditionally required four-year course will be abandoned and a system sys-tem substituted whereby a student may be graduated whenever able to pass examination requirements. The undergraduate school and the graduate college, as such, will be abolished. The institution hereafter will consist of the professional schools and five divisions in arts the humanities, the biological sciences, the social sciences, the physical sciences and the college. President Robert "faynnrd Hutchins says of the reorganization : "It means that we shall be able to co-ordinate our teaching and to coordinate co-ordinate our scholarship. The student stu-dent who hitherto has been prevented by departmental limitations from working work-ing in fields related to his special Interest In-terest will get such an opportunity from the divisional program. Co-ordination achieved by divisional program pro-gram means a saving to the university univer-sity in that duplication of courses will be eliminated. "Our research program will be aided because the divisional organization puts in one group all the faculty members mem-bers who have a common interest and relation in their work. "Those students who wish to obtain only a general education may get It as fast as they are able, and if that Is all they want, they may depart from the university with honor. By enabling en-abling a student to acquire a general education as quickly as his abilTty permits, per-mits, a considerable saving ln time should result for those who wish to go into professions such as law or medicine.' p.N'GLAXn is hearing some unpleas-- ant statements concerning her rule of India from the native delegates to the roundtahle conference in London. And those delegates, representing the princes, the Hindus, the Moslems, the Brahmins and the untouchables,' are united in the demand that India he granted at least dominion status witli federal rule. Among the distinguished Indians who voiced their country's wishes last week were the maharajab of Iiikaner, noted fighting prince; Sir TeJ P.alian-dur P.alian-dur Sapru, leader of the Nationalists- Mr. Jayakar, a brilliant young lawyer; Dr. B. S. Moonje, a Hindu leader; Mubammed All, prominent Moslem, and the beautiful Begum Shah Nawaz. The attitude of the Tories of Eng. land was set forth by Lord Peel, former for-mer secretary of state for India, who surprisingly asserted that no promise of dominion status, now or In the near future, had been given by Great Britain. Brit-ain. After defending the British rule In India lie suggested that a beginning be made by giving the provinces a certain cer-tain amount of autonomy, while maintaining main-taining a strong central government unchanged from the present one. There would be time enough to change-the change-the central government after the provinces prov-inces had proved their capacity to rule, he said. CTRIKES and' riots prevailed In many cities of Spain for a week and strenuous efforts were made by the Republicans and Communists to convert them Into e political . demonstration demon-stration that would overthrow the monarchy. But the government adopted adopt-ed stern measures and succeeded ln quelling the disorders. The biggest of the strikes was In Earcelona, always a center of disturbance, but after several days Its abandonment was-ordered was-ordered by the labor federation that started it. In Madrid and Salamanca there were strikes by students, who-demanded who-demanded a republic. The wiser antl-monarcliists antl-monarcliists in Spain believe they will succeed before very long In their alms but that the time is not yet ripe, S TEN IO VINCENT, editor of the Haiti Journal, a lawyer and former for-mer diplomat, was elected President of Haiti by the national assembly to-succeed to-succeed Eugene Roy. Vincent is one -of the most strenuous opponents of American occupation and his victory was rather a surprise. He is the first regularly elected President of the republic re-public since American intervention la 1016. Following the recommendation of the Hoover commission that went to Haiti in February, that the officer of American commissioner general b terminated, Brig. Gen. John H. Russell has left the island, and the new American Amer-ican minister, Dana G. Munro, has arrived ar-rived in Tort Au Prince, the capital. GEN. CHARLES P. SUMMERALI on Thursday concluded his fonr-year fonr-year term as chief of staff of the army, and was succeeded by Maj. Gen. Douglas MacArthur. In his farewell statement General Summeral! spoke enthusiastically of the reorganizations that have given the country Its best organized army since the armistice, and gave high praise for the officers' and enlisted men's intelligence, loyalty and devotion to duty. 0 ESULTS of the prohibition refer-lx refer-lx end ii in held by the American Bar association show that 13,779 of the members voting are in favor of repeal of the Eighteenth amendment, while 0,340 are against repeal. Judge Orrle L. Phillips, chairman of a subcommittee subcom-mittee that handled the matter, says that whether the association. In view of the referendum result, will take steps toward repeal of the Eighteenth amendment probably will not be known until the next annual meeting in Atlantic At-lantic City next September. He also said it was possible that no definlt action would be taken then. pMUGfil.IXG of liquor and aliens by airplanes from Canada by two 1 uwerful combines lias been exposed with the indictment of fourteen meo by a federal grand jury at Detroit. Although the operations of the flyini rum runners were confined for'tlie most part to the Detroit area, plans loads of whisky and fancy liquors occasionally oc-casionally were flown across (he border bor-der direct to fields In the vicinity of the larger cities In Ohio, Indiana, and Illinois. It is charged that nllens sometimes wore carried as extra cargo car-go on the liquor trips, and that special trips were occasionally made for alieun. A P'CUT a score of men, women nnd children wore killed and n '.hundred '.hun-dred others injured by n tornado thai struck the Utile church coloay of Bethany, a few miles from Oklahoma City, Oklu. More than two hundred buildings were destroyed bv t lid twister. twist-er. The storm first struck n country school house, where four pupils died ((S l30. Western Newspaper Uuloa.) |