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ORT COVINGTON SUN VOL. L. FT. COVINGTON, N. Y.. THURSDAY. MAY 17. 1934. NO. 4. JNews Review of Current Events the World Over Cnsull, Brought Back for Trial, Defends Himself—Token Payments on War Debts Are Barred—Compromise Silver Bill Being Formulated. Bf EDWARD W. PICKARD S AMUEL INSTILL, once the grand old man of public utilities, has fceen brought home to be tried for his alleged Bins after his long period of refuge In foreign lands. Bis \priso n ship,\ the Exilona, ar- rived off Fort Han- cock, N. J.. and Insull was taken off at open sea hy the Unite d States coast guard cutter Hudson, which landed him quickly. After an automobile tide to Princeton Junction, be was put Samuel Insull aboard a train a nd transported swiftly to Chicago. His 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 reporters he said: \I am in America to make the most important fight of my life. I am fighting not only for freedom but for complete •vindication. I have erred, but my. greatest error was i n underestimating the effects of the financial panic on American securities, and particularly on the companies I was trying to build. *'J worked with all my energy to save those companies. I made 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, dis- couraged in my attempts to save 4he investments of my friends and 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- - lems of the reorganization of the com- panies. \The whole story has not yet been told. Yon 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. \Wnei it is told in court, my judg- ment may be discredited, but certainly •my honesty will be vindicated.\ R 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- xnings 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 tnations that are not in default to the United States government on their obligations. These are Finland, Grea 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 wa authoritatively stated in Washington that President Roosevelt had decided to accept no more token payments; therefore England and the others thai liave 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 nation proffer token payments they may be accepted by the treasury as \on ac- count,\ but the nations will still fe held In default and thus will be shu out nnder 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 defauli <class because It Ignored obligations o the preceding czarist and Kerensky governments, A IMING directly at the America Telephone and Telegraph com- pany and the Western Union compan both of which are said to have deflei him, Recovery Administrator Johnsoi made public a drastic code for th •wire communications industry prt pared by his own staff. Imposition « CQde Is regarded to all Intents th same as writing law for the Industry affected, equal In scope to the author- Uatlon for licensing Industry. Notr 1ng like It has been resorted to her tofore. In the telegraph case, with all bi one minority group flatly opposed < any code, the NRA Is proposing change long-standing conditions an- Ulter the Internal economy of the In dustry on the ground that exlstlm conditions burden commerce and re duce employment A date for heartni waa set, aft^r which the Presidei was to be asked to take action. The code, If adopted, would deprt extensive Interests of financial ft' •DRASTIC reorganization of vantages amounting to many millions dollars, the NRA authorities de- tlarlng these are not fairly held, mong the things It would abolish Exclusive rights of the Western nlon Telegraph company to some- ling like $25,000,000 worth of busi- annually; use by many corpora- ons of private wire circuits leased at figures alleged to be out of line with egular charges for the same volume business, and free use of these cir- cuits by clients of the lessees to the ne of millions of dollars worth of ords each year. the NRA to give the federal govern- ent a permanent balance of power between large and small Industries was recommended in the majority re- ort hy the Darrow board, which Pres- dent iRoosevelt decided not to make jublic In Its original form but referred three government agencies for pre- [minary digesting. On the theory that the NRA has shown business incapable of self-regu- ation, the 5-to-l majority report pro- poses to scrap all the present code au- horities in favor of an entirely new set-up in which the federal govern- ment, big business and little business ave equal voting representation. ME sort of a compromise on silver legislation that will be acceptable o both the White House and the silver bloc in congress is likely to be worked out, though Senator Borah, who wants outright remon- etization of the white metal, thought the plan being prepared would not serve. Sec- retary of the Treas- ury Morgenthau and eight silver senators held prolonged confer- ences, and'all but the gentleman from Idaho were fairly well satis- fied. Senator King of Utah said he hoped for a bill which 'ould nationalize silver bullion and provide for the establishment of a 25 per cent silver reserve for currency. Probably the measure will be manda- tory as to policies and permissive in leaving to the discretion of the Pres- ident the means of carrying out the policies. H OW the League of Nation* pro- poses to aid China was told In a Idng report, made public by the Nan- king government, covering the ar- rangement made by Dr. Ludwlg 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 lnocuous, being chiefly the recommendations of technical ad- visers for projects designed to attract foreign capita) to China and 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 States, concerned the section devoted to cotton. It shows that China must purchase about $60,000,000 worth of raw cotton annually, most of which comes from the United States. The report also proposes an exten- sive road* building program which is likely to improve the market for Amer- ican 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. R EPORTS from Cairo, Egypt, told somewhat hazily about fierce fighting that was going- on in the Ara- bian peninsula where Ibn Saud, the fanatical king of Saudi Arabia, was making war on the ancient kingdom of Yemen, determined to conquer it. Already the- Saudian army, which is powerful and equipped with all mod- ern arms, had cap- tured the Yemeni sea- port Hodeida, and it was advancing to at- ibn Saud tac ^ Shan, the cap- ital. The war started with a border dispute. According to the conflicting stories reaching Cairo, both sides claimed vic- tory. One report was that the Emir Feisal, heir of Ibn Saud, had over- taken and defeated the rear guard of the retreating Yemeni army. From Yemeni officials, however, came telegrams stating that their re- treat fcad been halted and that the Saudian army suffered a severe defeat In a 23-hour battle. Capture of 36 ar- mored cars, nine of them undamaged; \36 guns, and 40d 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 In- terests. Scenes and Persons in the Current News T O AVOID impending defeat by the senate, the President withdrew rom 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. Thorp, who has been serv- ing as head of the commerce bureau pending action on his nomination, was based on the fact that he once regis- tered as a Republican in a Massachu- setts primary. The other withdrawal was of Rene A. Viosca as United States attorney^ for the Eastern district of Louisianaf He was opposed by Senator Huey P. Long. A 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, d e c I a r I n g the charges were without oasis. 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 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.' 1 The finding of the jury probably ended finally the affair, Mr. Cununings saying the government would not chal- lenge the decision. It may also put an end to the not infrequent attacks on Mr, Mellon in congress. P RESIDENT ROOSEVELT la again a grandfather, for down in Fort Wortb, Texas, a daughter has been bora to Mr, and Mrs. Elliott Roosevelt The baby, who weighed six pounds six ounces, has been named Ruth Chandler Roosevelt AtR mail flying by the army has come to an end, and the routes are being taken over by commercial rr r aviation as fast as the short term w fci3j competitive bids were aek** contracts are let ' © b 7 w«t«m N»W*P*P«J uniea< H USBANDS 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 Amer- ican divorce business. President Men dieta signed a decree that shortens the time required to get mutual consent di vorces from three years to six months. It also provides that, instead of three appearances before the court at 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 char- acter. G REAT 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 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- tion that it would not yield to the Brit- ish ultimatum that it must modify Its trade program and tactics. The Brit- ish already have begun to impose quotas on Japanese goods, but trade leaders in Tokyo said this would not hurt their country seriously, especial- ly since Japan's itoports from the British isles In 1933 totaled 83,000,000 yen or almost as much as was 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 domin- ions will not follow the mother conn try's lead—especially Australia, which sold to Japan In 1983 four times its purchases, and Canada, which so! seven times as much as It bought A CCORDING to the unanimous r port of a house committee of i; vestlgatlon, Maj. Gen. Benjamin D. Foulois, chief of the army air corps, acted \In clear violation of existing law\ In the proposed purchase of air planes costing $7,500,000. Coupled with the criticism of Foulol was a commendation of Harry H >Voodring, assistant secretary of wai The report stated that late m 193 the Public Works administration aside $7,500,000 for the purchase army airplanes. It asserted thai Foulois had decided to buy the plane? without competition, from the North rup corporation, the Boeing Airplane company and the Glenn L. Martii company. On Woodrlng's Insistent the plan for direct purchases dropped and specifications orawn Howe About: Shaw Back to the Farm3 Heroes ©, Bell Syndicate—WNTTService. 1—Unveiling the monument to William Jennings Bryan in Washington which was erected by congress. 2—Air ew over Governor's island showing the part of the East river between the island and Battery park which may be led In to form afi airport site. 3—Funeral cortege of the late Maj. Gen. Hugh L. Scott, famous Indian fighter and »rmer chief of staff, as It neared the grave In Arlington National cemetery. Japan's New Houses of Parliament in Tokyo This handsome building In Tokyo, the new houses of parliament, is nearing completion. It Is of Japanese design and construction throughout, the only foreign articles being a mail chute and a thermostat \BLOSSOM QUEEN\ Miss Connie Le Gard of Muskegon, Micb., who ruled for a week over the blossom festival iirBenton Harbor and St. Joseph'. ARAB RULER FIGHTS Ibn Saud, fanatical ruler of Saudi Arabia, who has been fighting to con- quer the auclent kingdom of Yemen. He has a powerful army with modern equipment Pyramid, of Egypt The pyramids of Egypt are awe-In- spiring projects, judged even by mod- ern engineering standards. Architects recently estimated that a solid stone replica of the Great Pyramid, if erect- ed in New York, would cost about $156,000,000 and would take 2,250,000 man-days,of labor. A modern struc- ture of the same size and shape In steel and concrete would cost $X5,OOO,9OO and require 750,000 man-days.—Liter- ary Digest — President Gets First Buddy Poppy Little Miss Muriel Morgan of Eaton, Mich., presenting to President Roose- velt the first buddy poppy of 1934, while James E. Van Zandt commander In chief of the Veterans of Foreign Wars, looks on. Muriel, who is three years old, made the trip from the organization's national home for widows and orphans of ex-service men to start the poppy campaign. Cavalcade and Garner Win the Derby Mere I Latalcade, winner of the sixtieth Kentucky derby, with Jockey Mack Car_er up, photographed immediately after the race. The brown colt was entered by the Brookmeade stables owned by Mrs. L D. Sloan, By ED HOWE BERNARD SHAW has <*iingid his .*•* mind again about Communism, la an address to Oxford undergraduates, who' thought they were Communists, he said: \Yon don't know what you are iking ahouj. No single breatfi of tyranny Is missing In Russia, it Is carried into effect there on a gigantic scale.\ ... Shaw wants to 1>» * Communist, bnt Is so intelligent ft*. in not avoid seeing its faults. When Itf Russia he made fun of the Com- munists to '•.heir faces. They were ofce dny taking-.him «•' the races, and be said to them: *M suppose you hay^ * arranged fur all the horses to win, you'believe so much in equality.\ ••• • • f •-\ ; _ ••- . / • How do some favorites get their start? Buodha is an old-time foreign hero to whom millions say their prayers, yet the British encyclopedia says no such person ever existed. I think we common people pay too much attention to heroes; none of them are as good or great as the shouting 6& followers would indicate. • • • * I raet a man recently who lives in a town of a thousand population in the South, where there are three negroes to one white. \We are getting along,\^ he said, \because we have always Jived' simply; we hare known how to produce our food, .and are doing that now.\ ... The same word comes from , rural places everywhere. The rush to theHowns has been stopped; the tide now Is the other way. Originally the first duty of the people was to feed themselves, and they did it. They can do it again. The towns and cities are most artificial, and are being hit hardest. There have always been too many agents, judges, colonels, gener- als, in the towns. I thank the Lord they are being starved into going to work. *. * * • Silerius said, in his memoirs,, that his favorites among his generals, neighbors and wives often annoyed him with acts^ and words with which he found fault; but he recalled that his generals, neighbors, wives and spe- cial friends had cause for equal re- sentment at times against his conduct toward them. Men are so constructed (and tfomen, gf course, are cnt In the same timber) they cannot entirely sat- isfy anyone. The little good in as all must be cultivated, and made as agreeable as possible. Any man of reasonable candor and intelligence knows he Is a wretched bundle of poor flesh always wearing out, and that a decent average in managing It is all he can hope for; that to achieve this decent Rverage is success. \1 have been\ occasionally proclaimed as wise, strong,\ Silerius adds, \but am so weak I am ashamed in my own pres- ence, although I sincerely believe In Exchanging civilities, and such small assistance as I am able to offer, with those who are equally kindly disposed toward me.\ ' • . • * • The Beer Bust Head punishes me very savagely. So does the bust head following a big dinner, but I rathej enjoy the Road Bust Head. We hav« about ruined the country voting bonds for good roads, and stolen a good deal of the money so appropriated; but we have the roads. And fearful as I am of debt, and na- tional bankruptcy, I find a little satis- faction in good roads when I am able to temporarily forget the future. Re- cently I motored 1,400 miles through country unfamiliar to me. Fine paved roads every foot of the way. When able to forget the bond interest con- stantly piling up, the threat of na- tional bankruptcy, I was almost proud of my country again: the Road Bust Head was almost enjoyable. • * * No man Is willing to grant others the right fce demands of himself, th« right of chcosing his own opinions and amusements: George Jean Nathan once .wrote of E L Mencken: **Hov» can a man like Mencken waste his time upon such idiotic spectacles as political conventions?\ And Mencken replied: \What keeps a man like Na- than in the theater, breathing bad air nightly, gaping at prancing Imbeciles, and sitting contentedly for hours with cads?' • • • At my home there are three flights of steps: two from the street, and one to the porch. There is ranch com- plaint about them from elderly friends who call. . , . My excuse is I built them when young, and my friends did not find them objectionable. (I have lived in 1 the same house 54 years). • • • Nothing disturbs me more pro- foundly than to be annoyed by the Ill- behaved when I. am myself willing to behave, having been finally whipped Into belief In the importance of good behavior. • • * I have not before known Americans to be as ashamed of themselves a» they are now, because of the mess they have stepped Into; the present trip to the mourner's bench, with a fool's can, on our heads, will do ns all good. We are taking a tremendous ticking now that was entirely unnec- essary, but let us admit it was de- served, and get what good we can o«t of the experience. No one ever knows, bnt some »re Able to educate themselves Into bet- ter guessers than others. I
