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Show N&TIOML CAPITALl W AFFAIRS SB Monopoly in Radio Apparatus Charged WASHINGTON. The federal trade commission has Issued a complaint, charging that a monopoly has been formed In radio apparatus, both domestic and foreign, and that efTorts are being made to perpetuate the present control beyond the life of existing patents. The Hadio Corporation of America, General Klectrle company, American Telephone & Telegraph company, Western Klectrle company, Inc., West-Ingliouse West-Ingliouse Klectrle & Manufacturing company, the International Uadlo Telegraph Tele-graph company, United Fruit company and Wireless Specialty Apparatus company are named as respondents, and are alleged to have violated the law against unfair competition In trade to the prejudice of the general public. In the language of the complainant, "the respondents have combined and conspired for the purpose of, and with the effect of, restraining competition and creating a monopoly In the manufacture, manu-facture, purchase and sale In Interstate Inter-state commerce of radio devices and apparatus and other electrical devices and apparatus, and In domestic anil trans-oceanic radio communication and broadcasting." The complaint cites that to attain the present control alleged the respondents re-spondents : Acquired collectively patents covering cover-ing all devices used In all branches of radio, and pooled these rights to manufacture, manu-facture, use and sell radio devices, and then allotted certain of the rights exclusively ex-clusively to certain respondents. Granted to the Radio Corporation of America the exclusive right to sell the devices controlled and required the Hadto corporation to restrict Its purchases pur-chases to certain respondents. Restricted tlrt competition of certain cer-tain respondents In the fields occupied by other respondents. Attempted to restrict the use of apparatus ap-paratus In the radio art manufactured and sold under patents controlled by the respondents. Acquired existing essential equipment equip-ment for trans-ooeanle'conimunleatlon and refused to supply to others necessary neces-sary equipment for such communication, communica-tion, and also excluded others from the trans-oceanic Held by preferential contracts. Sea-Level Channel at Panama Canal WAR DEPARTMENT engineers en-gineers are giving considerable considera-ble thought to the Idea of a sea-level canal without locks at Panama, 1,(X)0 feet wide and 50 feet deep, for which Col. Philippe Runuu-Varilla Runuu-Varilla has been pleading. The proposal pro-posal Is all the more Interesting In that It comes from a man who for 40 years has been Identified with Panama, Pana-ma, and who has been styled the "Father "Fa-ther of the Panama Revolution." As an engineer, Colonel Bunau-Varllla knows the canal and Its problems In all Its technical- details. As a diplomat, diplo-mat, and the fratner with John Hay of the so-called Ilay-Ilunau-Varllla treaty recognizing the Independence of Panama and the rights of the United States In the Canal Zone, he Is thoroughly thor-oughly familiar with the strategic and commercial questions involved. His plan provides for the progressive progres-sive deepening and widening of the present route. Beginning at tlte highest high-est level, the bottom Is to be dredged In stages of five feet at a time, and new locks built to meet the requirements require-ments of the lowered water level and to serve until the highest level has been brought down even with the next level. This, in turn. Is to he. deepened, until at last the entire canal Is at sea level and has been broadened sufficiently suffi-ciently to permit the free and uninterrupted uninter-rupted passage of ships of all sizes at all times. In this manner the canal would be made safe In peace and war, he argues. No accidental sinking of a vessel could then obstruct the navigation naviga-tion of the canal, and no damage to the locks could put It out of commission commis-sion for a suflicient time to Interfere with commercial tralllc or to prevent the Atlantic and Pacific fleets from Joining. The probable need of such an enlarged en-larged canal is brought out by the rate of trafllc lncrense during the last decade. To the pertinent question, How much will the new canal cost and who will pay for It? the French engineer makes this answer: He estimates esti-mates the total cost, spread over a period of 20 years, to be about $1,000,-(KHUMX). $1,000,-(KHUMX). It will be needed only In Installments. In-stallments. They can be raised without with-out any cost to the taxpayer, inasmuch as the canal already has a surplus of earnings, which will lncrense with the Increasing tonnage. During the last year It earned about $8,000,000 over and above the costs of operation and the Interest on the outstanding bonds. This Is enough to pay Interest on a loan of fJOO.tX 10,000. With the revenues reve-nues from eacli additional 5,000,000 tons' Increase In trafllc, be estimates, It will be possible to meet the Interest on an extra $100,(X)0,X0 of bonds for the carrying on of the work of deepening deepen-ing and widening the canal. Canada Replies to Waterway Proposal THE reply of the Canadian government gov-ernment to Secretary Hughes In the matter of the St. Lawrence river power and deep-waterway scheme Includes the following: "My government has had und.'r consideration con-sideration the note of the secretary of state of the United States transmitted on the ,17th day of November last, which refers to an earlier note transmitted trans-mitted on May 22, 1922. "It Is observed that the secretary of state In the latter suggests either the Immediate conclusion of n treaty looking look-ing to the development of the St. Lawrence Law-rence waterway along the lines recommended recom-mended by the International joint commission com-mission In Its report and providing for the constitution of a Joint commission, doubtless a special one, charged with the formulation of a complete plan which would be subject to the approval of the two governments, or alternatively alterna-tively the constitution of a Joint commission com-mission of experts to make preliminary studies and Investigations and frame a project of a treaty. The report of the International Joint commission, recommended recom-mended that before any work was gone on with the Joint engineering hoard, whose proposals It generally approved, should be enlarged and that as so en larged It should further consider the technical aspects of the problem In detail de-tail and decide upon the plan which should be adopted. "My government fitni considering tli suggestions made by the secretary of state of the United States, but considers con-siders that, without awaiting a decision upon them, the proposal made by the International Joint commission might be acted upon. It Is accordingly prepared pre-pared to npitoint additional engineers to enlarge the Joint engineering board, with a view of having the board so enlarged en-larged prepare a final report covering the engineering features of the whole project, Including Its cost. "My government would welcome a suggestion from the government of the United States and would also be ready to nominate one or more technical officers of-ficers to discuss with technical officers of the United States the terms In which they would recommend that the Instructions to the enlarged Joint engineering en-gineering board should be couched and the time within which It should be directed to report, "My government trusts that these proposals pro-posals will receive the favorable consideration con-sideration of the government of the United States." 'Duplicate Liberty Bonds in Existence? TIIK smoldering enters of the bureau bu-reau of engraving controversy, which first blazed u,i two years ago with a wholesale dismissal of employees by president Harding, has again been fanned Into flames. .Charles I?. P.rewer, DeporlMent of Justice attorney, who Investigated charges of duplication of government securities, hrutight the case into the open with the filing of sen.-atli nal i charges against the treasury, and, tle-gpite tle-gpite denials by Secretary Mellon ai:d other official that I'.rewer's allegations allega-tions contained merit, l!epresenta!i La (iuanlia (Hop., N. Y.) began steps by Introducing a resolution to force a congressional Inquiry. The charges of P.rewer were contained con-tained In a copy of a report he had sent previously to president ("ooli'lge and AMorney (ielieral I'lauglierly, and ' wore made public when they were at-' at-' Nvhed us exhibit to an injunction sii't tiled here against government of-ficlals of-ficlals whom P.rewer said were interfering inter-fering witli his Inquiry. They set forth that there hud been duplications of bonds; Hint the treasury treas-ury hud suppressed knowledge of them; that treasury ollicers had thwarted IJrewnr In his attempts to uncover the condition, and that duplicates dupli-cates of bonds had been destroyed In the treasury. Secretary Mellon, on learning that I'.rewer's charges had been made public, pub-lic, said that for every bond which lias been Issued, its face value had found Its way into the treasury vaults. He added that there had been duplications duplica-tions of numbers, but there had been no loss to Hie public or the government, govern-ment, lie attributed the duplicatloj of numbers to mechanical errors, which P.rewer bad said was not the case. Ilivwer's charges covered a wld range, the main features of which, treasury ollicials said, had been undof Investigation and disproved. They Included In-cluded the assertion that a clique swayed the actions of the Treasury d purtmcnt and that .1. V. ,Mc('nrte former assistant register of the trea ury, bad complained of being ilit, cliii'ged for bringing complaint to th noti-e of the treasury olllclals in connection con-nection with alleged Irregularities. Among the conclusions Lnvver drew from Ills investigation, Hie report salrt whs that there are between ahxut ,VKt known pairs of duplicate bonds ano about -USX! pairs of duplicate coo puns, with duplicate nlll cooiiny |