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Show News Review of Current Events the World Over rnsull, Brought Back for Trial, Defemls Himself Token Payments on War Debts Are Barred Compromise Silver Bill Being Formulated. By EDWARD W. PICKARD SAM TEL INSUI.L, once the grand o!.l man of public utilities, him been liroiiKht home to he tried for his BlIcK'-d sins after his long period of refue ,n foreign r ;: ,'(. lands. Ills "prison ( . ship," the Exilona, ar- s 4 rived off Fort Ilan- 1 cock, N. J., and Insull ; fJ&iti was taken off at open ' ,.- I sea by the United t.. States coast guard ' I ci'tt'T Hudson, which fi landed him quickly. , 3 After an automobile '"Vj ride to Princeton S i- junction, he was put Samuel Insull al)fmrd a train and transported swiftly to Chicago. His Hon, Samuel Insull, Jr., had been permit per-mit lei! to Join li In) on the Exilona and accompanied him on the trip west. Landing on American soil, Insull appeared to recover his old time confidence. con-fidence. To reporters he said : "I am In America to make the most Important light of my life. I am fighting not only for freedom but for complete vindication. I have erred, but my greatest error was In underestimating the effects of the financial panic on American securities, and particularly on the companies I was trying to build. "1 worked with all my energy to save those companies. I made mistakes mis-takes but they were honest mistakes. They were errors In Judgment, but not dishonest manipulations. "Arbitrarily, I had been Instructed to resign as head of these companies which I had built and which I had tried to protect. "I was told that I was no longer needed. Tired from the fruitless struggles to save the Investments of thousands of men and women, discouraged dis-couraged In my attempts to save the Investments of my friends and associates asso-ciates as well as everything I had, I got out. "No charges were brought against me until I had been away for three months. My return at that time would have further complicated the prob: Jems of the reorganization of the companies. com-panies. "The whole story has not yet been told. You only know the charges of the prosecution. Not one word has been uttered in even feeble defense of me. And It must be obvious that there also Is my side of the story. "Whe.i it Is told in court, my Judgment Judg-ment may be discredited, but certainly my honesty will be vindicated." RUSSIA has been angered by a ruling rul-ing of Attorney General Cum-mings Cum-mings and there Is danger that all the plans for re-establishing trade with that country will go awry. Mr. Cum-mings Cum-mings was called on to determine what nations would be barred by the Johnson act from marketing their securities se-curities in this country or in any way receiving financial assistance. This he did by announcing the six foreign nations that are not in default to the United States government on their obligations. These are Finland, Great Britain, Czechoslovakia, Italy, Latvia and Lithuania. Finland has met in full all installments on its war debt. The others have made token payments on recent Installments. Immediately after the attorney general's gen-eral's ruling was made public it was authoritatively stated In Washington that Tresident Roosevelt had decided to accept no more token payments ; therefore England and the others that have made such payments will fall into in-to the default class on June 15, when the next payments are due. Even Finland Fin-land may now default. If the nations proffer token payments they may be accepted by the treasury as "on account," ac-count," but the nations will still be held In default and thus will be shut out under the new Johnson act from obtaining any government loans In the United States. The President will inform congress, it Is reported, that he desires no legislation legis-lation at this time with respect to the debt question. Soviet Russia fell in the default class because It ignored obligations of the preceding czarlst and Kerensky governments. AIMING directly at the American Telephone and Telegraph company com-pany and the Western Union company, both of which are said to have defied him. Recovery Administrator Johnson made public a drastic code for the wire communications industry prepared pre-pared by his own staff. Imposition of a code is regarded to all intents the same as writing law for the industry affected, equal in scope to the authorization author-ization for licensing industry. Nothing Noth-ing like it has been resorted to heretofore. here-tofore. In the telegraph case, with all but one minority group flatly opposed to any code, the NHA is proposing to change long-standing conditions and alter the internal economy of the industry in-dustry on the ground that existing conditions burden commerce and reduce re-duce employment. A date for hearings was set, after which the I'residVnt wan to be asked to take action. The code, if adopted, would deprive eitenalvo interests of financial ad vantages amounting to many millions of dollars, the NUA authorities declaring de-claring these are not fairly held. Among the things It would abolish are: Exclusive rights of the Western Union Telegraph company to something some-thing like $i;ri,(XKi,iioo worth of business busi-ness annually; use by many corporations corpora-tions of private wire circuits leased at figures alleged to he out of line with regular charges for the same volume of business, and free use of these circuits cir-cuits by clients of the lessees to the tune of millions of dollars worth of words each year. DRASTIC reorganization of the Nit A to give the federal government govern-ment a permanent balance of power between large and small industries was recommended in the majority report re-port by the Darrow board, which President Pres-ident Roosevelt decided not to make public in its original form but referred to three government, agencies for preliminary pre-liminary digesting. On the theory that the NRA has shown business incapable of self-regulation, the 5-to-l majority report proposes pro-poses to scrap all the present code authorities au-thorities in favor of an entirely new set-up in which the federal government, govern-ment, big business and little business have equal voting representation. SOME sort of a compromise on silver legislation that will be acceptable to both the White House and the silver bloc in congress is likely to be " iw,'"' worked out, though I jS"' . Senator Borah, who tit t ! wants outright remon- f M etization of the white I metal, thought the I CSsn -fe P'an being prepared fk t j would not serve. Sec- a J, M retary of the Treas-V Treas-V "f' tj ury Morgenthau and & 1 eight silver senators I't1"' M held prolonged confer- -to'V Jg ences, and all but the N gentleman from Idaho Secretary yere fairy weU satig. Morgenthau fle Senator King of Utah said he hoped for a bill which would nationalize silver bullion and provide for the establishment of a 25 per cent silver reserve for currency. Probably the measure will be mandatory manda-tory as to policies and permissive in leaving to the discretion of the President Pres-ident the means of carrying out the policies. TO AVOID impending defeat by the senate, the President withdrew from its consideration the names of two men he had appointed to office. One was Willard L. Thorp who had been made head of the Commerce department's de-partment's bureau of foreign and domestic do-mestic commerce. The senate's objection objec-tion to Mr. Thorp, who has been serving serv-ing as head of the commerce bureau pending action on his nomination, was based on the fact that he once registered regis-tered as a Republican in a Massachusetts Massachu-setts primary. The other withdrawal was of Rene A. Viosca as United States attorney for the Eastern district of Louisiana. He was opposed by Senator Huey P. Long. ANDREW W. MELLON, the venerable ven-erable and wealthy ex-secretary of the treasury and former ambassador ambassa-dor to England, came out on top in his latest contest with the p.;..ia.Mnagi Department of Jus- k , tice. The government p' 1 had accused him of i"1 evading his income j ' taxes and sought his L I indictment by a fed- - J eral grand Jury in , ', t& s Pittsburgh. However, - , ' 1 the grand Jury re- Af fused to return a true e- A bill, d e c 1 a r i n g the 'J, J charges were without ,,, . A. W. Mellon basis. The foreman of the Jury was William Wil-liam Bceson, a bank clerk. Among others on the jury were five laborers, two farmers, two engineers, two mechanics, me-chanics, two clerks, one plumber, one carpenter, a lumber dealer, 'and a writer. Mr. Mellon said : "I am of course gratified that I have been" exonerated by a jury of my fellow citizens. The fact that the grand jury reached a sound conclusion, notwithstanding the unusual methods pursued in my case, is proof of the good sense and fairness of the American people." The finding of the jury probably ended finally the affair, Mr. Cummings saying the government would not challenge chal-lenge the decision. It may also put an end to the not infrequent attacks on Mr. Mellon in congress. PRESIDENT ROOSEVELT is again a grandfather, for down in Fort Worth, Texas, a daughter has been born to Mr. and Mrs. Elliott Roosevelt. The baby, who weighed six pounds six ounces, has been named Ruth Chandler Roosevelt AIR mail flying by the army has come to an end, and the routes are being taken over by commercial aviation as fast as the short term contracts are let. TTOW the League of Nations pro-poses pro-poses to aid China was told in a lung report, made public by the Nanking Nan-king government, covering the arrangement ar-rangement made by Dr. Ludwig Rajch-nian, Rajch-nian, representative In China of the league. This plan, it is supposed, led to Japan's recent statement of a policy demanding that other nations keep their hands off China. The document was politically inocuous, being chiefly the recommendations of technical advisers ad-visers for projects designed to attract foreign capital to China and consolidate consoli-date it as an independent nation. The list of advisers did not include any Japanese. The chief interest In the report, from the standpoint of the United Stales, concerned the section devoted to cotton. It shows that China must purchase about S(n,(.iO(UliO worth of raw cotton annually, most of which comes from file United States. The report also proposes an extensive exten-sive road building program which is likely to improve the market for American Amer-ican ears as well as gasoline. A Chinese national military and communications commission has just left Shanghai for the United States by way of Europe. Its twenty-two members mem-bers are instructed to learn how China can acquire a modern war machine and methods of communication that are up to western standards. T EPORTS from Cairo, Egypt, told somewhat hazily about fierce fighting that was going on in the Arabian Ara-bian peninsula where Ihn Saud, the . fanatical king of f" x Saudi Arabia, was making war on the Jf-'i "ifr.!,: ancient kingdom of emen. determined to ' "t. conquer it. Already t the Saudian army, h S i which is powerful and 1 equipped with all mod- T rt H ein arms, had cap- ' f tnred the Yemeni sea-f sea-f " port Hodeida, and it " was advancing to at- Ibn Saud tack Sana the cap. ital. The war started with a border dispute. According to the conflicting stories reaching Cairo, both sides claimed victory. vic-tory. One report was that the Emir Feisal, heir of Ihn Saud, had overtaken over-taken and defeated the rear guard of the retreating Yemeni army. From Yemeni officials, however, came telegrams stating that their retreat re-treat had been halted and that the Saudian army suffered a severe defeat, in a 23-hour battle. Capture of 3G armored ar-mored cars, nine of them undamaged; 36 guns, and 400 prisoners was claimed by the premier of Yemen, who wired that the Saudian casualties exceeded 2,000. Because of their nearby territories in Asia and Africa, Great Britain, Italy, and France were watching the conflict with deep concern and all had warships at hand to protect their interests. HUSBANDS and wives who want to be divorced and lots of them do may now accomplish their purpose in conjunction with a pleasant visit to Cuba, which is bidding for the American Amer-ican divorce business. President Men-dieta Men-dieta signed a decree that shortens the time required to get mutual consent divorces di-vorces from three years to six months. It also provides that, instead of three appearances before the court at intervals inter-vals of six months, the parties may make three appearances 30 days apart. Four new causes are added to the 15 recognized as grounds for divorce. They are bigamy, vice or immorality, use of any drug, and disparity of character. char-acter. GREAT BRITAIN and Japan are on the verge of a big trade war. The British have threatened to take strong action to protect their textile export interests against increasing Japanese competition, although the British government gov-ernment officially declares it will do everything to maintain amicable relations rela-tions with Japan. The official position in Tokyo is that Japan can take care of herself, and there was every Indication Indica-tion that it would not yield to the British Brit-ish ultimatum that it must modify Its trade program and tactics. The British Brit-ish already have begun to impoc quotas on Japanese goods, but tradu leaders in Tokyo said this would not hurt their country seriously, especially especial-ly since Japan's imports from the British Isles in 1933 totaled 83,000,000 yen or almost as much as was exported export-ed there, 80,000,000 yen. Hence, they said, the Tokyo government would be able to make reprisals. Trade with the British dominions is considered far more important and the Japanese are confident the dominions domin-ions will not follow the mother country's coun-try's lead especially Australia, which sold to Japan in 1933 four times its purchases, and Canada, which sold seven times as much as it bought. ACCORDING to the unanimous report re-port of a house committee of investigation, in-vestigation, Maj. Gen. Benjamin D. Foulois, chief of the army air corps, acted "in clear violation of existing law" in the proposed purchase of airplanes air-planes costing $7,500,000. Coupled with the criticism of Foulois was a commendation of Harry H. Woodring, assistant secretary of war. The report stated that late in 1933 the Public Works administration set aside $7,500,000 for the purchase ot army airplanes. It asserted that Foulois had decided to buy the planes, without competition, fron. the North-rup North-rup corporation, the Boeing Airplane company and the Glenn L. Martin company. On Woodring's insistence, the plan for direct purchases was dropped and specifications drawn or, which competitive bids were asked. by Western Newspaper Union. |