Show 4 4 11 V 4 I 1 M ez Z fill lot I 1 vice president curtis und and go governor arnor emmerson Emmer sou of 11 II ligols at the armistice day exercises on soldier field chicago Clil cago 2 president ident hoover delivering ills his notable armistice lay address at arlington national cemetery 3 view down the long span of the ambassador bridge across the detroit river which was dedicated with great ceremonies NEVIS REVIEW OF CURRENT EVENTS reduction of income tax by one per cent proposed by the administration by EDWARD W PICKARD IF CONGRESS Is agreeable and it almost certainly will be our income taxes for this year will be reduced by about this Is the plan of the administration the announcement of which was made in advance of the presidents budget message to congress in the hope hop that it would serve sene to ameliorate the stock market situation secretary of the treasury mellon undersecretary ogden mills and roy young governor of the federal reserve board conferred with sir mr hooner IIo oer and sir mr mellon then issued h a statement which said in part while the final detailed estimates of revenues and expenditures for the fiscal year 1930 and 1931 have not been completed the secretary of the treasury considers the estimates have reached the point where tax reduction should be recommended to the congress at the coming sessions the indications are that business profits dividends interest and wage payments in 1929 will considerably exceed those of the year 1923 1028 our estimates indicate that the government should close both the fiscal years 1930 and 1031 with a surplus taking all factors into consideration the secretary of the treasury with the approval of the president will recommend tax reduction to the con congress ress the form of relief to the taxpayers which the treas recommendations will probably take will be a 1 per cent reduction of the normal tax on the incomes of individuals and corporations po rations applicable to 1929 incomes and payable in the calendar year 1930 the total reduction of taxes to be collected during the calendar year 1930 will amount it Is estimated to approximately the reduction it Is hoped will take the form of a joint resolution of congress thus permitting prompt action by both houses by avoiding a general revision of the revenue law the proposal has been discussed with the republican and democratic leaders of both houses of congress who the have tentatively approved the proposed recommendation it was believed in washington that enactment of the necessary legislation will come early in the regular session of congress which opens on december 2 COMMENT C on the stock market situation seems superfluous tor for every one in the country has been reading tho the financial columns with avidity it not with dismay day after day prices continued their downward way and it seemed as if the market had no bottom even the bears were surprised and one ol of their leaders jesse jeso livermore LIver was quoted as saying that prices of many of the good stocks blocks bad fallen too low but the amateur speculators were panic stricken ricken rt and refused to listen to reaton reason many of the highest priced industrials dus trials fell to new low records for tho the year and lots of bargain hunters of the previous week were cau caught in the jam the new york stock exchange on wednesday took steps to ferret out the undercover selling that had foiled all efforts to stabilize the market every member was called on to give at once the following information A list of stocks borrowed and from whom and for whose account a list lift of stocks loaned and to whom infra office borrowings and tor for whose accounts a list of all stocks which they have failed to deliver and for whose account this action together with the tax reduction news brought brou glit on a flood of buying orders and prices began to move upward P PRESIDENT RESIDENT HOOVERS armistice day address at arlington national cemetery was hailed in america and europe ai 05 one of the tha most important 3 ever made by him an and it was given general approval briefly lie he challenged the other powers powers to a radical reduction of caval armaments declaring that the united states would reduce its naval strength in proportion to any other mat lat it remained for the others to say how low they would go and that it il cannot be too low for us lie ile suggested the exemption of merchant ships carrying food exclusively from seizure by belligerents lige rents as the first step in solving the problem of the freedom of the seas lie ile proposed amplification of the kellogg antiwar anti and war pact by provision of 0 automatic machinery for amesti a tion of disputes involved in violation of the pact subjecting the aggressor to the searchlight of public opinion and lie he suggested the need of additional arbitration treaties and of an authoritative system of international law throughout his flooder revealed himself as an ardent advocate of world peace pad and the reduction of preparations for war but asserted the latter must be by agreement only 1 I have no falth 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 fear tie be most dangerous of all national emotions has been proved groundless by long proof of international honesty until the power of 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 defense among nations to do so may invite war 1 I am for adequate preparedness as a guaranty that no foreign soldier shall ever step upon the soll soil of our country it should be noted that sir mr hoover said his bis suggestion concerning food ships in war times would not be discussed at the london naval reduction conference 0 ONE NE of the many interesting events eventa on armistice day was the dedication of the ambassador bridge the first to be built across the detroit river to canada it Is the e longest bridge of its type in the world 0 d and cost its fr tree S span an is 1850 feet ton long and its total length Is one and eight tenths miles the ceremonies included ary parades in both detroit and canada and addresses lauding flauding the structure its as an aid in perpetuating the years of peace between the united states and the dominion S CIR M RONALD LINDSAY british un kj der secretary of state tor for foreign affairs has been selected as ambassador to washington to succeed sir esme howard who retires from the diplomatic service early next year sir ronald Is well known in this country and his wife Is an american a daughter of the late colgate hoyt of new york nelson johnson Jolin soD assistant secretary of state in charge of far eastern affairs was appointed by president hoover to be minister to china to succeed john van A macmurray resigned lie he Is a career diplomat who 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 minister to canada to the deep regret of president hoover and the state department ue ile was offered another diplomatic post but wished to return to the united states on ac account count of his bis children SENATOR theory that the senate lobby committee was packed against the republican tariff bill received a measure of substantiation tion when its chairman senator caraway asserted that its labors would soon be concluded for of all the lobbies operating in washington little or no attention has been pali pail by the committee to any others than those whose concern Is the tariff joseph R grundy veteran lobbyist for pennsylvania interests was recalled by the committee last weel week and mr caraway demanded that lie name the senators from backward states who he contended have too much voice in fixing the policies of the elie nation mr grundy said that on reflection he bad decided this would be improper and unbecoming and mr caraway called him a and yellow kut but a moment later the senator retracted this shook mr grundys grandys Grun dys hand and said that after all he be liked him in a report to the senate chairman caraway dealt with the testimony given by william burgess of new jersey representative of pottery and other interests the senator flatly accused burgess of perjury and slander and said he be was a paid who had no regard whatever for his reputation to the conference to D DELEGATES establish the new bank of international relations signed the statutes charter and trust agreements of the institution and departed from caden baden caden baden the statutes as published immediately fix basel switzerland as the seat of the bank and describe its purposes as to promote operation cooperation co of the central banks provide additional facilities cili ties tor for international financial operations and to act as trustee or agent in regard to the international financial settlements entrusted to it so long as the young reparations plan Is operative the bank will not only observe provisions of the plan in administration of operations 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 functions of receiving and distributing the german reparations and supervising and assisting in commercialization anel and mobilization of certain parts of the german annuities ADIR the new king of 0 NADIR afghanistan has issued a proclamation la saying that strict prohibition Is to be enforced in that country the rights of the people are to be equal with no distinctions as to nationality tiona lity caste or birth excepting those prescribed by the sacred law A recognized national army has been established and equipped with ith the latest implements of war A military school Is to be founded at kabul the capital where officers will be trained in modern scientific warfare king nadir also says he be hopes to conclude a trade treaty with the united states T REDUCED EDUCED to poverty and without desire to live longer the former princess victoria eldest sister of the ex kalser of germany died in a hospital in bonn at the agi age of sixty three years wilhelm was estranged from her when she married alexander boub I koft a russian refugee and gave her no assistance when she was forced to sacrifice all her possessions to pay her husbands debts she had applied for divorce from the dissolute who was expelled from germany and has been working as a waiter la in luxemburg other deaths were those of james A robb finance minister of canada dr E A allen alien chief of the experiment stations of the department of agriculture dr frederick of 0 california eminent anthropologist and james J riordan Rl ordan new york banker and close friend of at AI smith who committed su suicide icile HAT Is believed to be the largest WHAT west embezzlement in the nations natrona na tlona history was revealed by it a statement of the officers of the union industrial bank of flint mich it shows that within the last few months ten or more of the banks employees have stolen from it money and securities to the amount of charles S mott president of the institution has deposited cash enough from his private fortune to guarantee the depositors po against loss along the atlantic seaboard teas seas S SOCIETY was provided with a sensation when it was learned that william wiiliam fin W willock jr of new york had married adelaide ingebert a recent immigrant from norway who had been lis his mothers chambermaid chambe imald taeyoung the young groom Is the son of W W willock of the social register and former vice president of the jones lauchlin Laugh lla steel company and his mother was wag the daughter of the late B F jones the family fortune Is reputed to be be more than one hundred million dollars but how much the son will get Is questionable tio ue lie and his bride were found in a 5 a week room in oyster cays bayef yr U 1929 la 12 western newspaper unto |