Show news review of current curra Curr it 3 events the world over insull Brou brought glit back for trial defends I himself token payments on war debts are barred compromise silver bill bein being 0 formulated by EDWARD W PICKARD AMUEL INSULL once the grand S SAMUEL old man of public utilities lias has been brought back home to be tried for or his alleged sins after his long ions period of refuge in foreign lands ills 4 V prison ship the exilona Ex llona arrived oll fort El hancock ancock N J and insull instill was P taken on at open s sea ea by the united states coast guar guard cutter Elud dudson son which landed him film quickly after an I 1 automobile ride to samuel insult insull princeton junction n tie he was put aboard a train a and nd transported swiftly to chicago his son aon samuel insull jr had been permitted to join him on the E exilona and accompanied him on the trip west landing on american soil insull appeared to recover hla hii old time confidence fi to reporters he said 1 I am in america to mal make ze the most important fight of my life I 1 am ain fighting not only for freedom hut but for complete vindication I 1 have erred but my greatest error was lo in underestimation the effects of the financial panic on american securities and particularly on the companies I 1 was trying crying to build 1 I worked with all my energy to save gave these companies I 1 made mistakes but they were honest mis takes they were errors in judgment but not dishonest manipulations arbitrarily I 1 had been instructed to resign as head of these companies which I 1 had built and which I 1 had tried to protect 1 I was told that I 1 was no longer needed tired from the fruitless struggles to save the investments of thousands of men and women discouraged in my attempts to save the investments of my friends and associates as well as everything I 1 had haa I 1 got out no charges were brought against me until I 1 had been away for three months my return at that time would have further complicated the problems of the reorganization of the companies 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 aide of the story when it la is told in court my judgment may be discredited but certainly my honesty will be vindicated R D has been angered by a lv ruling of attorney general cummings and there Is danger that all the plans for reestablishing establishing re trade with that country will go awry mr cummings was called on to determine what nations would be barred by the johnson act from marketing their securities in this country or in any way receiving financial assistance this he did by announcing the six foreign nations that brenot 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 alter after the attorney gener generals ars ruling was made public it was authoritatively stated in washington that president roose volt velt had beaded decided to accept no more token payments therefore england and the others that have made such payments will fall into the default class on june 15 when the next payments are due even finland may now default it 1 the nations proffer token payments they may be b accepted by the treasury aston ason ai account count but the nations will still be b held in default and thus will be shut out under the new johnson ad act from obtaining any government loans in the united states state s the president will inform con gross grass it Is reported that he desires no legislation at this time with respect to the debi question soviet russia fell in the default class because it ignored obligations of the preceding czarist and kerensky Keren shy governments the azars czars sold bonds totaling in america and the brief kerensky regime gime e borrowed from the united states treasury AIMING A directly at the american amerla ameria telephone and telegraph company and the western union company compan yr both of which are said to have defied him recovery administrator johnson made public a drastic code for the wire communications industry prepared by his own staffs staffe impositions IMPo of a code Is 1 regarded to all intents the same as writing law tor for the industry affected equal in scope to the authorization for licensing industry nothing like it has been resorted to heretofore in the telegraph case with nl all I 1 but one minority group flatly dally opposed to any code the Is proposing to change longstanding long standing conditions and alter the internal economy of the industry on the ground that existing conditions burden commerce and reduce emr employment A date for hearings was set after which the president was wa s to be asked to take action the code if adopted would deprive extensive interests of financial advantages amounting to many millions of dollars the NIRA NIIA a authorities u ties les declaring these tire are not fairly held amon among the things it would abolish are exclusive rights of the western union telegraph company to something like worth of business annually use by many corporations of private wire circuits cIr cults leased eased at figures alleged to be out of line with regular charges for the same volume of business and free use of these circuits by clients of the lessels lessees to the tune of millions of dollars worth of words each year OME sort of a compromise on S SOME silver legislation that will be acceptable cep table to both the white house and the sliver silver bloc in congress Is likely to be worked out though senator 1 I 1 borah w who 11 0 wants outright of the white metal thought the plan being prepared would not serve secretary of the treasury and eight sll ver vcr senators held secretary prolonged confer ances and all but the gentleman from idaho were fairly well satisfied senator king of utah said lie 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 as to policies and permissive in leaving to the discretion of 0 the president the means of carrying out those same policies TO 0 AVOID impending defeat by the senate the president withdrew from its consideration tho the names of two men he had appointed to office one was willard L thorp who had been made head of the commerce departments bure bureau au of foreign and domestic commerce the senates objection to mr thorp who has been ser head of the commerce bureau pending action on his nomination was based on the fact that he once registered as a republican in a massachusetts primary the other withdrawal was of reno rene A as united states attorney tor for the eastern district of louisiana he was opposed by senator huey P long ANDREW W MELLON the ven erable and wealthy ex secre tary of the treasury and former ambassador to england came out on top in his latest contest with the department of justice the government had accused him of evading his income taxes and sought his indictment 4 by a federal grand jury in pitts pitta b u r g h however the grand jury refused to return a true biu bill declaring A W mellon the charges were without basis the foreman of the jury was willlam william W ll 11 beeson a bank clerk among others on the jury were five fire laborers two farmers two engineers two mechanics two clerks one plumber one carpen carpenter fer a lumber dealer and a writer mr mellon said bald 1 I am of course gratified that I 1 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 tho the good sense and fairness of the american people r in previous statements mr mellon had charged attorney general cummings with playing politics of the crudest sort and had set forth at length his innocence asserting he be had overpaid rather than evaded his taxes the finding of the jury pro probably babli ended finally the affair mr cummings saying the government wo would uld not challenge the decision it may also put an end to the not I 1 infrequent fren attacks on mr mellon in both houses of congress AIR A in mall mail flying by the army has I 1 A come to an end and the routes are being taken oar over by commercial aviation asfalt as the short term contracts are let ti t taj |