The Centre reporter. (Centre Hall, Pa.) 1871-1940, May 24, 1934, Image 2

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    AMUEL INSULL, once the grand
old man of public utilities, has
been brought home to be tried for his
alleged sins after his long period of
refuge in forelgn
lands. His “prison
ship,” the Exllona, ar
rived off Fort Han-
cock, N. J., and Insull
was taken off at open
sea by the United
States coast guard
cutter Hudson, which
landed him quickly.
After an automobile
ride to Princeton
Junction, he was put
aboard a train and
transported swiftly to Chicago. Hig
son, Samuel Insull, Jr., had been per-
mitted to join him on the Exilona and
accompanied him on the trip west,
Landing on American soil, Insull
appeared to recover his old time con-
fidence. To reportershesaid: “lamin
America to make the most Important
ight 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 1 was trying to
build
“lI worked with all my energy to
save those companies. [ made
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 1 had
tried to protect.
“lI was told that 1 was no longer
needed. Tired from fruitless
struggles to save the Investments of
thousands of men and women, dis.
couraged in my attempts to save the
investments of my friends and
ciates as well as everything 1 had, I
got out.
“No charges
Samuel Insull
mis.
the
ARRO-
were brought against
me until I had been away for three
months, My return at that time would
have further licated the prob-
lems of the reorganization of the com-
panies,
“The whole
com
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 It is told In court, my judg.
ment may be discredited, but certainly
my honesty will be vindicated.”
USSIA has been angered by a rul-
ing of Attorney General Cum-
mings and there is danger that all the
plans for re-establishing trade with
that country will go awry. Mr. Cum-
mings was called on to determine
what nations would be barred by the
Johnson act from marketing their 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 thelr
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 gen.
eral's ruling was made public it was
authoritatively stated in Washington
that President Roosevelt had decided
to accept no more token payments:
therefore England and the others that
have made such payments will fall in-
to the default class on June 15, when
the next payments are due, Even Fin.
land may now default, If the nations
proffer token payments they may be
accepted by the treasury as “on ae
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 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 czarist and Kerensky
governments,
0. Sie directly at the American
Telephone and Telegraph com.
pany and the Western Union company,
both of which are sald to have defled
him, Recovery Administrator Johnson
made public a drastic code for the
wire communications Industry pre
pared by his own staff, Imposition ot
a code is regarded to all intents the
same as writing law for the industry
affected, equal in scope to the author.
fzation for licensing industry, Noth.
ing like It has been resorted to here
tofore.
In the telegraph case, with all but
one minority group flatly opposed to
any code, the NRA Is proposing to
change long-standing conditions and
alter the internal economy of the ine
dustry, on the ground that existing
conditions burden commerce and re
duce employment. A date for hearings
wre set, after which the President
was to be asked to take action,
The code, If adopted, would deprive
extensive Interests of financial ad
vantages amounting to many millions
of dollars, the NRA authorities
claring these are not fairly held.
Among the things it would abolish
are: Exclusive rights of the Western
Union Telegraph company to some-
thing like $25,000,000 worth of busi-
ness annually; use by many corpora.
tions of private wire circuits leased at
figures alleged to be out of line with
regular charges for the same yolume
of business, and free use of these cir-
cuits by clients of the lessees to the
tune of millions of dollars worth of
words each year,
n———
de.
RASTIC reorganization of the
NRA to give the federal govern.
ment a permanent balance of power
between large and small industries
was recommended in the majority re-
port by the Darrow board, which Pres.
ident Roosevelt decided not to make
public in its original form but referred
to three government agencies for pre-
liminary digesting.
On the theory that the NRA has
shown business incapable of self-regu-
lation, the 5-to-1 majority report pro-
poses to scrap all the au-
thorities In favor of an entirely new
set-up in which the federal govern-
ment, big business and
have equal voting repre
Sous
to both the White House
silver bloc in congress is likely
coop worked out,
3 Senator Porah,
present code
sort of a compromise
wants outrig
metal, thought the
plan
would not
retary of
ury Morgenthau ane
eight sliver
held pr
Sec.
Serve,
the
Secretary
Morgenthau Senator
Utah said he hoped for a bill
would nationalize siive
provide for the Llishme
per cent silver reserve ‘oF 1
Probably the measure will be
tory as to poli
leaving to the discretion o
ident the
policies,
estal
les and permi
means of carrying out the
0 AVOID impending defeat by the
Tam 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 de-
partment's bureau of foreign and do-
mestic commerce. The senate’s objec
tion to Mr. , who has been serv-
ing as head of the commerce
pending action on his nomination,
based on the fact tl regis.
tered as a Republican in a M: 1gsachy-
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.
Thorp
bureau
was
at he on
NDREW W. MELLON, the ven
erable and wealthy ex-secretary
of the treasury and former ambassa-
dor to England, came out on top in his
latest contest with the
Department of Jus
tice, The government
had accused him of
evading his income
taxes and sought his
indictment by a fed
eral grand jury in
Pittsburgh. However,
the grand Jury re
fused to return a true
bill, declaring the
Shutges were without A. W. Mellon
The foreman of the jury was Wil
liam Beeson, a bank clerk. Among
others on the jury were five laborers,
two farmers, two engineers, two mee
chanics, two clerks, one plumber, one
carpenter, a lumber dealer, and a
writer,
Mr. Mellon sald: “1 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. Cammings
saying the government would not chal.
lenge the decision. It may also put
end to the not Infrequent attacks
on Mr. Mellon In congress,
RESIDENT ROOSEVELT is again
a grandfather, for down in Port
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,
AR mall 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,
OW the League of Nations pro
poses to ald China was told In a
long report, made public by the Nan-
king government, covering the ar.
rangement made by Dr. Ludwig Rajch-
man, 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 fnocuous, being chiefly
the recommendations of technical ad-
visers for projects designed to attract
foreign capital to China and
date it as an independent nation,
list of advisers did not include
Japanese,
The chief Interest in
from the standpoint of
States, concerned the
to cotton,
consoll-
The
any
the report,
the United
section devoted
It shows that China must
purchase about £060,000,000 worth of
raw cotton annually, most of which
comes from the United States,
The report also proposes an exten-
sive road bullding program which Is
likely to improve the market for Amer-
lean cars 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 mem-
bers are instructed to learn how China
can acquire a modern war machine
and methods of communication that
are up to western standards,
REPORTS from Calro, Egypt,
somewhat hazily about
18 going on in the
where Ibn Saud,
king of
i Arabia,
making war on the
ancient kingdom of
Yemen, determined to
Sonquer it. Already
the 3
which is rowertv) and
equipped with all mod.
told
flerce
fighting that wi Ara-
bilan peninsula
was
ern
tured
port
wi
From
ame
reat
terests,
USBANDS and wives who want
be divorced—and lots of them do
~MAay DOW
in conjunction with a pleasant ¥
Cuba, which is bidding for the
lean divorce President Men
dieta si at shortens the
time required to get mutual consent di-
vorces from three
It also provi
appearances before
vals of
make three appearances
Four new causes
15 recognized as grou
They are bigamy, o
use of any drug, and di
acter,
accor ish
business
decree th
gned a d
years to six months,
des that, in stead of three
the court at inter
the parties may
30 days apart.
are added to the
nds for divorce,
or immorality,
sparity of char.
six months,
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 gov.
ernment officially declares it will do
everything to maintain amicable rela.
tions with Japan, The official position
in Tokyo Is that Japan can take care
of herself, and there was every indica.
ish nitimatum that it must modify its
trade program and tactics,
ish already have begun
quotas on Japanese goods, but trade
ly since Japan's imports from
British Isles in 1033 totaled 83,000,000
yen or almost as much as was export-
ed there, BO.000,000 yen,
able to make reprisals,
Trade with the British
is considered far more Important and
the Japanese are confident the domin-
fons will not follow the mother coun-
try's lend-—especially Australia, which
sold to Japan in 1033 four times its
purchases, and Canada, which sold
seven times as much as it bought,
A SCORDING to the unanimous re.
port of a house committee of in.
vestigation, Maj). Gen. Benjamin D.
Foulols, chief of the army air corps,
acted “in clear violation of existing
law” in the proposed purchase of alr
planes costing $7,500,000,
Coupled with the criticism of Foulols
was a commendation of Harry IL
Woodring, assistant secretary of war
The report stated that late in 1033
the Public Works administration set
aside $7,500,000 for the purchase of
army airplanes, It asserted that
Foulols had decided to buy the planes,
without competition, from the North
rap corporation, the Boeing Alrplane
company and the Glenn L. Martin
company. On Woodring's insistence,
the pian for direct purchases was
dropped and specifications drawn on
which competitive bids were asked,
© by Western Newspaper Union
Washington.—The Republicans are
glving some indications that they in-
tend to fight for elec.
Queer Quirk tionof theirpartisans
in Politics In the next congress
on the ground that
the emergency is over and that Presl-
dent Roosevelt and his administration
are continuing on a spending spree
Just to afford deserving Democrats
with pie from the government counter,
The tipoff as to the direction from
which the attack will come arose the
other day without attracting a great
deal of attention, It came from Rep
resentative Snell of New York, the Re
publican leader in the house, who op-
posed one of the newer brain-trust
creations because he declared, un-
equivocally, “the emergency is over.”
After Mr. Snell had made the state.
ment, I inquired of a number of per-
sons, astute in politics, what they
thought of this anomaly. Here is a
leader of the opposition party declar-
ing that the emergency is over, and if
that condition exists, the leader of the
inference at least, has
admitted that credit for the job must
Roosevelt administration,
admit the correctness of the
without admitting at the
that there should be an end
to the erge i.
hat the Roosevelt ad
It seems to me,
one
time
countless em
cy agencies t
therefore, that we are witnessing
that
where
rule. Sue
side
other
occurred In
things are the
amounts to this:
ever politics
wtly, it each
is Cont ing that the
hould be sald, much
under the bridge be
wmnted in Novem.
changes will
the votes are o«
ber: Indeed,
come be
paigns In
many
fore the
the various st
hite heat,
course tle now indicated is
tered, re t the
ngressional can
#1 > §
ates get stirred
unless the
» to thelr mass
“we have not
wp the AAA
thers? And, at
hinders
Democrats licked the de
pression and they must now put an
end to thelr orgy of spending and run-
ning up bills which the taxpayers must
meet”?
have
Neither side, of course, will
those words, But, if the
goes ahead as it has started,
have to be the substance of their tale
to the voters, Therewillhave to be some
careful, as well as very
before the
very quick,
campaign's end
that this may turn out to be a most
campaign because of the
is now presented by Mr
#1
aration,
conf
anomaly that
Snell's decla
using
. - *
considerable disen
ax to how far reaching the effect
may be if the Re
Just publicans stress,
Speculation with sufficient vigor,
the contention that
the Democrats are trying to hold on
to the extra jobs and that they are
continuing to spend taxpayers’ money
for repayment of political debts. There
is always something sinister about
that kind of thing. Whether the
charge is right or wrong, many voters
get suspicious when campaigners per.
‘here is asion
eral treasury. They always think of
it in terms of theft of money from the
local bank or stores and not in the
terms of political maneuvering, al
ference. It always has happened that
the spots where the funds will do the
most good, politically, and when either
side kicks about that, it seems to me
it Is exactly like one mule calling an-
1 won't even suggest that 1 ean
guess what the ultimate effect of these
strange arguments Is going to be,
Anyone who tries to predict the result
at this time is just being silly. The
best Judgment I ean get is that the re.
sults in the various congressional dis
tricts are going to vary. The differ
ence likely will be dependent entire
ly upon how many mistakes—plain
bonehead statements—the various can
didates make in their attempts to fol
low arguments and analyses laid down
for them by the national political com.
mittees. My belief is that there will
be plenty of them and there ought to
be, therefore, a considerable amount
of surprise when the votes are
counted,
It is quite apparent to the Demo.
cratic leaders, and they say so, that a
number of house seats, now held by
Democrats, will be turned over to the
Republicans next fall. There are
seats occupled by Democrats who have
no reason on earth to be In the house
except by virtue of the tremendous
landslide that placed Mr, Roosevelt in
the White House, Districts normally
Democratic are more than
ing to continue to elect
but the “political accidents” that elect-
ed many others of the vast majority in
the house are going to send many
home because they from over-
whelmingly Republican communities,
The Republican leaders are asserting
they will pick up eighty or ninety
seats from the Democrats next No-
vember. There can be no doubt that
they will gain some, but eighty or
ninety is a high figure in anybody's
language.
likely go-
Democrats,
come
CE
It seems to me
Mark Wilcox of
that Representative
Florida won a
os , rather gignal honor
First Termer in his first term as
Wins Honor fa member of the
house of representa-
tives by obtaining passage of the leg.
islation that has come to be known us
the municipal bankruptey bill. It
something like twenty years
“freshman” member of the
representatives has sponsored a plece
of leg national scope that
wis ag law. Plenty
of new members have introduced bills,
nationwide In thelr effect, but
as my research has disc
been successful In the
years,
Mr, Wilcox won m
house Mrs,
inughter of the
Bryan, for the
in his
has
gince
- house of
islation of
passed and become
as far
loged, none
embers
defeating
district where the
amount to an elec-
fon. So he was given a baptism of fire
reached the house it-
self, Vhether It
prestige won
be fore he ever
Democratic
the
ing wom
fact rems
r
reasons,
orced through
t may pe
ion a federal court for the ri
arrange its debt on a8 new basis but
the court must he
three-fourths in
of holders of the bond
agree to the terms of a
If they do agree, then the
igsue a decree that will compel
maining bondholders to accep
ghown that at least
num!
is are
compromise,
the ree
t the set.
tiement.
What happens,
taxing district will be
the defanited bonds with
1
of course, is that the
to replace
a fresh series,
ly at a lower interest rate. The
taxing district gets out of the predie
ament of what amounts to bankruptcy,
and the bondholders get new securities
which are marketable and have some.
thing like their face value beca
Interest will be paid. This privilege
is extended for only two years, but it
is the general understanding that the
communities concerned will be able
to accomplish settlements with their
creditors much seoner than that, and
it Is obviously hoped also that im
proved financial conditions through
out the nation will make the job of
rearranging the debts easier than it
wis a few years ago.
The bill did not get through con
gress without a fight. It had plenty
of opposition from members who con.
tended it was a step toward repudia.
tion of debts, a thing always to be ab.
horred. There was argument also that
by granting permission for the muniel-
palities and taxing districts to force
such compromise as will result, the
congress was making such securities
lesa attractive to Investors,
* *» »
able
probatl
use the
One of the obvious results of having
the spotlight turned onto an individual
. . or a fact or an is
Kidding sue is plenty of com
the NRA
ment. People talk
about it. Sometimes,
however, the talk develops jibes and
Jests and ofttimes they'are not pleas
ant for the ardent advocztes of a
proposition to swallow. For Instance,
until recently discussion of NRA had
been confined to serious argument,
very often of a heated character
Lately, however, jokes and puns about
NRA have been emerging with greater
frequency and there are now a con
siderable number of them. The lat
est, and one of the best that I have
heard, runs as follows:
N. R. A. me down to sleep,
I pray Thee, Lord, my codes to keep;
If I should bust before I wake,
A. F. of 1. my plant will take,
I heard already that the American
Federation of Labor considers the ref.
erence to it in the doggerel to be close
ly akin to unfair practice, or what.
ever it is organized labor says about
those who are not its supporters, Gen.
eral Johnson's reactions are not yet a
matter of record, although I know he
has seen the thing.
© by Wenters Newspaper Unton.
Historic Metiories of
Little Iron Wolverine
The
BAYH:
At Erle, Penn., new ribs are
fitted to a bit of the origina)
the
National Geographic Magazine
being
keel of
Perry's vice flag
but also interestin
sel
Niagara, whip,
g i8 the little ves.
now Mis
ery bay near the Perry monument,
The Wolverine was the fron.
hulled ship on the Great kes, It
was forged In Pi tisbur;
ported In pleces
ness to Erle,
to sink She
Wolverine, anchored
through
Seoffers
until all the
gone hon Le
self du
Flyi
de throne d King
land, and helped
fou
she
that an |
Quick, Safe Relief
For Eyes Irritated
By Exposure To
Sun, Wind and Dust
At All Drug Stores
Write Murine Co., Dpt. W, Chicngo, for Pree Book
OLD AGE PENSION INFORMATION
IDGE LENMAN - = Kan,
LOST 57 POUNDS OF
FAT DIDN'T CUT
DOWN ON FOOD
Humboldt,
——
FERRY’S ian: |
ween SEEDS
5c in fresh-dated
at your local store
LET HIM
BE FREE
FROM
WORMS
Whenever you decide to free
your child from Worms or
Tapeworm, get the medicine
that will drive them out with
one single dose.
Dr. Peary's DEAD SHOT Vermituge.
fa bottle at &
or
Wright's’ ® rin Co, 100 Gold St, NX. Oity.
=eeeCUT ME OUT-=====1
and mall we, with Ide cols oretampe and
Pe hn nddress to MDA a
wil i fring
ua Ah ge rons sample of as Face
er and Lomtobe, the mares long all-purpose
uty cream. Also details how to make
10 $10.00 a week extra In your spare tims,
a
Ivy POISONING
Soothe burning itching torment
quickly and help nature clear
Resinol
Robust
{ Hea Ith
depends
(88 Teds
proper
[eR sRs
assimilation. Keep
the digestive pro
sses active with
Weights 3 HE