The Bismarck Tribune Newspaper, April 9, 1924, Page 1

) t if f r = 4 5 a ‘\in the returns from Chicago voters + the police Monday. - The; WEATHER FORECASTS Fair tonight, probably followed by increasipg cloudiness. ESTABLISHED 1873 iT BISMARCK, NORTH DAKOTA, WEDNESDAY, APRIL 9, 1924 HE BISMARCK TRIBUNE FINAL EDITION PRICE FIVE CENTS EXPERTS HOLD GERMANY CAN PAY COOLIDGE CARRIES TWO MORE STATES TO AMAZON! ILLINOIS AND NEBRASKA FOR PRES. COOLIDGE President Wins by Handy Ma- jority Over Californian in Both These States GOV. SMALL WINS OUT; Illinois Executive Under Fire} Renominated Handily — McAdoo Men Defeated Chicago, April §—(By the A. P.)— Mlinois Republicans, added their in- dorsement of President Coolidge by giving him a majority over Hiram | primary clec- | 5 lifornian after | a vigorous campaign ran the Presi- dent a close race in Chicago, where | he helped found the Progressive part- ty which nominated him for Vice- President several years ago, Senator Johnson took an early lead but later tabulations gradually cut down the Johnson advantage until with 800 precincts still missing the Californian had a lead of fewer than 3,000 votes. Outside the metropolis President Coolidge kept an average majority of | ® nearly 30 votes to the precinct which advantage if kept up would give the chief executive nearly 100,000 votes | more than Johnson. W. G. McAdoo, unopposed for pre- sidential preference on the Demo- cratic ticket, polled only about half the number of votes cast by Demo- crats in Chifigo and his delegates to the Democratic national convention were defeated overwhelmingly by the! state organization delegate ticket. McCormick Behind Democrats nominated A, A. Spra- fsue of Chicago for United States Senator while Medill MeCcrmick, Re- ‘publican incumbent, with two-fifths of the vdte in, was trailing former Jovernor Charles 8. Deenen by 12,000 votes. The hottest contest in the primary s for the Republican gubernator- al nomination and Governor Len Small, who had been bitterly oppos- (d by: Attorney-General E. J. Brun- cage, handily won the nomination for :nother term by defeating State Sen- stor T. G. Essington and carrying Dr. Hamilton A. Rice (top), plorer of Boston, will try to get to the headwaters of the Amazon River, Brazil this summer. He will take party, fully equipped with radio. jIn the party will be, amony others, Walter Hinton (lower left), pilot of the NC-4, which crossed the Atlan- tic first. by and John W. Swan- son, radio expert. OFFICER OF STATE HEALTH BOARD NAMED Dr. Maysil' Williams of To- ronto to Head Division of State Department ysil M. Williams of Toronto, has ‘been engaged as head of the division of child hygiene and Dr. Ma Canada, most of his supporters for other tate offices through to victory. In the Democratic gubernatcrial race Norman Jones had a com{crt- ble lead over Lee O'Neill Browne, who advocated modification of the Volstead act. CONCEDES VICTORY Lincoln, Neb. April 9.—(By the A. P.)—Frank Harrison, campaign manager for Hiram Johnson in the Nebraska presidential _ preference primary, conceded victory to Pre vent Coolidge today. HAS GOOD LEA! Omaha, Neb., April 9.—(By the A, i.)--Nebraska is in the column of states favoring President Calvin Coolidge, it was indicated by unoffi- vial returns from 731 precincts out of 1,936 in the state, reporting every ‘ounty except three. These returns gave him 33,319 votes compared with 18,738 votes for nator Hiram Johnson of California, his only opponent.’ The senate com- mittee’s oil Teasing disclosures were; among the issues injected into the pre-primary campaign. Senator George W. Norris, Repub- lican of the independent type, shoes friends charged that “eastern politi- | cians” and “moneyed interests” were out to defeat him, was apparently renominated by a substantial plur- ality over former Representative Charles Sloan of "Geneva, regarded as n administration - man. Governor Charles W.-Bryan was renominated Democratic candidate for Governor yut who his Republican opponent would be next election has not been definitely determined, EARLY FORKS SETTLER DIES Grand Forks, N. D., April 9.— Or- jans H. Brenna, 72, resident of Grand iam county for the last 46 ycurs, and for whom Brenna township was ngmed, ‘died here. Born in Halling- dol, Norway, he came to the United States 48 years ago, settling in Grand Forks county some two s later. MINNESOTAN IS | MISSING HORSES ON ‘RAMPAGE East Grand Forks, Minn, April, 9.— C. L. Thompson, former alderman of East Grand Forks and a plumber by trade, has been missing ever since last Tuesday, his wife reported to is no rea- son known for his disappearance and it is feared that he has met with an accidegt. Montreal, April 9.—Thousands of ld horses are overrunning the cing lands in the Caribou district of British . Columbia, damaging ranches and enticing domestic ani- mals away. They ate becoming such a nuisance that farmers are arrang- ing a great ve ant The captured horses will be sold. for $5 each. public health nursing of the state heafth department, to succeed Dr. L. E. Bouttelle, who igned to cept a similar position in South Da- kota, Dr. A. A. Whittemore, state health officer, announced today. Dr. Williams in her position will have charge of the administration of the re: ac- Sheppard-Towner act, funds for which are supplied jointly by the state and federal governments. Dr. Williams Whittemore, is health work. She ed in the faculty of Medicine, University of Toronto, is a member of the College of Physicians and Surgeons of On- tario, served an interneship at the Woman's College Hospital, Rush Home, Toronto; spend some tinie in children’s hospitals and has engaged in public health and child welfare ding to Dr. in public ork, The Sheppard-Towner maternity act, designed to give mothers the benefit of expert advice from public health departments, is at present en- gaged in u strong campaign in Dunn, Cavalier and Williams counties, to acquaint people with the workings of the law through local conferences, MINER TRIES TO TAKE LIFE Jones, Well Known Wilton Man, Shoots Self Wilton, N. D., April 9.--Thomas Jones, about 45, mine foreman in the Washburn Lignite Coal Company's mine, living in Chapin, the mining village, attempted to commit suicide about 6:30 o'clock this morning, ac- cording to officials, and his recovery is doubtful. Jones, worried about financial, matters, it is believed, went to the barn and shot himself with a 12- g&age shotgun, the charge entering the body to the left of the stomach. His wife found him there later. He walked to the house, supported by her. Medical aid was called. Jones did not pees consciousness and talked rationally to those about him. Jones, who was a former Pennsyl- vania miner and an expert, being a pit boss in the lower levels of the mine, -recently, bought the Painted Wobds lake resort, intending to run it in the summer. A little later he an- nounced he would lease it. Yester- daj he remained away from work, and walked about his yard a great deal. It is believed that worry over the prospect of a bad financial deal caused him to attempt to take his life. Hé has a wife and seven chil- dren, Move Is Made to Securé Aid For Playground for City Through Foundation A national ment. of rivers particularly the M and Ohio, is favor for tion, which river. ation of a better inland The A. of Cc bill No. |the national body, ment and complet for the tion of souri rivers. The ing in Kansas City April 11 which proposes a national measure. Ask Playground The A. of C. The Foun playground. securing playgroun Bismarck as an eligible letter the Secretar city. tion of the Foundation to the that Bismarek has spent $3,500 $4,000 in playground work. tional P: Highway (Red from No, 3 to Ni A, M. Christiansor Nuessle and Burt Fi Judge tions to State Engineer W. along this line. along the highway. Referendum poli The policy is national commerce. way transportation, the important principles ment of the principle of of a fair proportion of ex road earnings us in the publ est, supplementary subjection of rates and 5 by sta them. the worse this afternoon, day. LEADERS OF onment. TEAM GU GUEST OF CLUB Grand Forks, N. D., April 9—Mem- bers of the Grand Forks high school basketball team were guests of the “Y Men’s” club at the Y. M. C. A. Other guests, who deliver- ed brief addresses, were Paul Davis, director of physical education at the state university; J. S. Hotten of the Y. M. C. A. college at Chicago; and Monday, IMPROVEMENT OF MISSOURI IS INDORSED Association of Commerce Di- rectors for Proposition to Make Stream Useful TAKE OTHER ACTION policy for the de the Association of Commerce, who last night discussed the proposition lof the M ppi Valley Associa- s working to secur velopment of the Missouri river from the headwaters to the mouth of the The organization urges government recognition of the need for develop- | {ment of the entire stream, as its first {step in the program for actual ¢ waterwa directors indorsed house , introduced by sentative Newton and now pending in improve- pre: ctions of the Ohio, Mississippi and Mississippi alley Association will hold a meet- and 12, The A. of C. directors also indor: a house resolution at the reque: the flood commission of Pittsburgh, which may eventually lead to tional policy which it is felt would benefit this section of the state eventually through control of, or im- pounding, waters of the Missouri near the source as a flood prevention directors instructed the Secretary to take up the propo- sition of securing aid from the H mon Foundation of New York for and has named will call ‘atten- The directors indorsed the proposal to change the number of the 1, and named Judge Ww. ney as a com- mittee of three to make representa- Similar action has been taken in Fargo and other cities The Bismarck Association has been asked, along with 1,200 other organi- zations in the Chanber of Commerce of the United States, to take a ref- erendum vote on a propdked national of transportation development. recommended by the It provides for coordination of rail, water and high- continuation of Avansportation Act of 1920, indor: legislation to en- courage voluntary rail consolid motor common carriers to regulation e and federal commissions, and requiring road users to pay the en- tire cost of maintenance of highways through special taxes levied against HUGO STINNES SERIOUSLY [LL Berlin, April 9.—The condition Hugo Stinnes took a serious turn for The dustrial magnate has been ill sometime and has been twice ofer- ated on, the second time last RIOTS JAILED Manila, P. I, April 9.—Three lead- ers of recent outbreaks of fanaticy, in Surigao province have been “sen- tenced to death and 198 others were given sentences of 30 years impris- velop- de- Repre- cribed | ed of survey a- a ion offers sums up to $2,000 to assist cities in In his fact to Na- Trail) L. Black of the inter- of in- for Satur- J. W, Adams, general secretary of the Y. M. C. A, at Fargo, | CONSUL’ BODY IS TAKEN HOME D.,. Fessenden, N. D., April 9—Burial of George Henry Richardson, Jr. aged about 25, United States viee- consul at Auckland, ew Zealand, | who died here, will be made at the} home of his father at San Francisco, according to word received here. Richardson wag taken from a Soo train from which he had tried to jump, and w held here for treat- ment. He twice tried to take his life, and showed symptoms of having been drugged, according to attending phys s. In lucid intervals Rich- ardson charged he had been drugged while on the train. A brother of the dead man left San Francisco Monday and was expected to arrive here yesterday to take charge of the bod: The dead man ill at San Frane father is reported C0. SEN. WHEELER INDICTED; SAYS CHARGEUNTRUE Montana Solon, “Prosecutor” For Daugherty Committee, Sold Influence, Charge PROBE WILL GO ON Washington, April 9.—Investi- xation of the charges against Senator Wheeler of Montana, prosecutor of the Daugherty committee, in the indictment re- turned against him in the fed- eral court of Montana, was or- dered today by the Senate. A resolution which — provides for a special investigation com- mittee of five was adopted with- out a record vote. It was offe ed by Senator Walsh of Montana at the request of Wheeler. Washington, April 9—The Sen- ate committee appointed to in- vestigate the De Justice and the officials acts of Harry M. Daugherty announced after an executive session t that its inquiry would proceed further with force despite the {udictment in Montana of Senator ° yheeler, the committee prosecu- tor. Great Falls, Mont., April 9.—Un' ed States Senator B. K. Wheeler, prosecutor of the senate Daugh investigating comwittee, was indicted here by a federal grand jury on a charge of unlawfully receiving money as retainer fees to influence the issuance of oil and gas prospect- ing permits by the etary of the interior and commissioner of the general land office. John L, Slattery, United States dis- trict attorney who presented the cases*to the grand jury, stated that a warrant for Senitor Wheeler's ar- rest would be telegraphed to Wasi- ington. The technical charge is vio- lation of section 113 of the United States penal codes. ENTERS D Washington, — April Wheeler declared that he would not return immediately to Montana as a ult of his indictment at Great Falls, but would remain and yroceed with his work as prosecutor for the ate Daugherty investigating com- mittee. Any steps necessary in meeting the indictment, he indicated, could be tuken in the first instance in the District of Columbia, so that he could continue actively in his com- mittee work and not go to Montana immediately. “There is absolutely nothing lo the charges,” he asserted in a brief for- mal statement. simply the result of my activities here on the investigating committee trying to show up the corruption in the department of justice.” With Senator Wheeler were indict~ ed Gordon ' Campbell, oil geologist and operator and L, C, Stevenson, oil promoter and principal owner oi an oil refinery. Campbell and Stevenson were the discoverers of the Sen burst-Kevin oil field in Monta nf Other oil mén of lesser prominen also gyere indicted on charges of us- ing the mails to defraud, The grand jury charges that on two occasions Senator Wheele: ac- cepted money improperly after he had been elected United States sen- ator but before he had qualified for office, and on a third occasion agreed to accept money. DEFENDS SELF o Washington, April. 9.--Senator Wheeler, Democrat, Montana, today brought the indictment returned against him in his home alate, to the attention of the Senate. The Montana Senator entered the Chamber and a number of his Dem- ocratic associates went over to shake his hand. He got the floor on a point of personal privilege and Senator Brookhart, chairman of the Daugherty committee, called for a quorum to hear him. The Montana Senator first gave a brief resume of his personal career from his birth in Massachusetts to hfs entrance into public life in Butte where he said he!incurred the enmity of one of the largest financial concerns in the state by voting for Senator Walsh, his colleague. BCONOMIC AID TO GERMANY IS URGED BY BODY on Report of Experts, Says New Policy Necessary Approached Problem Not From Standpoint of Penal- ties, But Results, They Say | | tis, April 9. les G. Dawe ican represen Brigadier General the unofficial ive on the first mmittee which examined into the omic and financial situation in rmany, in a covering letter to the report of his committee tells the rep- j #rations commission that the commit- s recommendations must be con- sidered not as ng _ penalties, but as suggesting n ns for assist- ing the economic ery of all; European peoples and the entry upon! a new period of: happiness and pros perity unmenaced by | The cove ter follows ' | | war, ring of Gen. Dawes’ let “To the president of the reparation’ commission: “Sir: “Your committee has unanimously adopted a report upon the means for balancing the German budget — and the measures to be taken to stabil- ize its currency which I now have the honor to submit. “Deeply impressed by a to your sion and to the universal conscience, the committee bases its plan upon those principles of justice, fairness and mutual interest in the suprema- cy of which not only the credito of Germany itself but the world also have a vital and insuring concern. “With these principles fixed and accepted in that common good faith which is the foundation of all busi- ness and the best safeguard for‘ uni- versal peace, the committee s recom- mendations must be considered not as inflicting penalties but as sug- gesting ni sting the eco- homie recovery of all European peo- ple and the entry upon a new period of happiness and prosperity unmen-|{ aced by war. ors of “Givin are s to the limit of their so also must Germany be encouraged to pay taxes from year to yeur to the limit of her capacity. This is in cord with the just and underlying principle of the Treaty of Versailles, re-affirmed by Germany in its note of May 29, 1919, that the German scheme of taxation must be fully as heavy proportionately as that of any of t powers represented on the commission. More than this limit could not be expected and less, than this would ev ermany from the common hardship and give to her an unfair antage in the in- dustrial competition of the future. The plan of the committee embodies principle. The plan has been made to. in- clude flexible adjustments which from the very beginning tend to a maximum of — contributions stent. with the continued and ‘oductivity of German ervative estimates of pay- ments. to be made in the near future are dictated by business prudence in outlining the basis of loi should not destroy the persp as to the effects to be register n and h will annually inere: With the normal econom tions and with productivity restored in Germany, the most hopeful es! mates of the amounts rei justified without such restor: such payments as may be obtained will be of little value in meeting ur- gent needs of creditor nations. “To insure the permanence of the new economic peace between the Al- Ti governments — and which involves the economic adjust- ments presented by the plan, there are provided the counterparts of those usual economic precautions against demoralization which are rec- ognized as essential in all busine relations involving express obliga- tions. “The existence of safeguards in no way hampers or embarasses the ease of ordinary business contracts. The thorough effectiveness of these safeguard: normal economic functioning of Ger- many and is of fundamental impor- tance to Germany and her creditors. “Great care has been taken in fi ing the: conditions of the supervis over Germany's internal organization so as to impose a minimum of inte ference consistent with proper pro- tection. The plan submitted is fair and reasonable in its nature and if accepted is likely to lead to ultimate and lasting peace. these proposals by the German gov- ernment means the deliberate choice of a continuance of economic moralization, eventually involving her people in hopeless misery. “In the preparation of this report. the committee has carefully covered a broad field of investigation. It has had the constant cooperation of able staffs of experts in gathering (Continued on page 6) | Dawes, in “Covering Letter”) HOW THEY VIEW MATTER) sense of | commis-| aggregate of eventual payments | Germany, | | UNDER FIRE | | | | | i | i } Investigation of Major Louis Grant's administration in the 2th Veterans’ Bureau District is under way in San Francisco. Tt wa brought about by disabled veterans. Grant devlares he welcomes. it, trict comprises the states of Cali- fornia, Arizona and ada. HOSPITALS OF BISMARCK HOLD FIRST RANK M Hoerman Tells Value in Commercial and Scienti Way to City NEW ROTARY BOARD Bismarck’s hospitals and their value seiéntific and commercial — to this vicinity graphic given to the Rotariar at the noon luncheon today at the MeKenzie hotel by Miss Louis Hoerman, superintend- ent of the Bismarck hospital. She declared that Bismarck had the third largest clinic in the United States and that outside of the very large centers its laboratories were unsur- ‘Pasi Dr. E. P. Quain of the April pro. gram committee presided and — in- troduced Miss Hoerma She praised the Rotary spirit and likened the Rotary emblem to a large wheel with a driving force for community service. Gives Figures Quoting defi figures she = vealed to Rotarians just how much is pended yearly by the hospital over h she presides a t auanti- sof supplies a ased d 192: wh on the local market. declared there had been entered patients of this number 0" from Bismarek ind ing the range of the territory ¢ red, Forty to 45 gallons of milk are used daily, tons of ice are consumed. The sugar consumption often reaches 800 pounds a month, The fuel bill she gave as nearly $1,000 in January and with this the water is pumped, heat and electricity developed at ing to the institution. y $ month in gus is used for the ious denartments and gas as an aid to hospital and laboratory work was. commended highly. The total payroll of the institu- tion, she declared was m than 000 a year. Other figures gave the scope of the work and she in- dicated in passing the large number of people brought to Bismarck yearly through the operations of both the Bismarck hospitals which make this y one of the most important m dicul centers in the United State jaist on Program “Billy” Laist who is directing p- erations at the State Capitol for the Rotary conference told of the pro- gress being made in converting the House Chambers into a |banquet room. ‘Twenty under his leadership went state house this afternoon ome of the heavy work. of his Americanization, he | that the proudest moment of his life the do to to was when he received his second papers He topped his number on the program by singing a song which ix one of * ites. He told of the many functions for which he has furnished the “trimmins i Chairman Henry Duemeland an- nounced that Hibbing was after thd 1925 conference and Grand For wanted to land it in 1926. Ed. Flint of Devils Lake is being men- tioned as the next district governor. L. S. Craswell, head of the Rotary club's boy welfare work told of his conference with the board of educa- tion relative to carrying on this work for another year. The three year period under Rotary auspices expires May 1. J. L. Bell awarded a prize of $10 to one of four members who have had a perfect attendance score. Bir- lea Ward drew the lucky slip. The other contenders were: E. J. Taylor, Ray Bergeson and L. K. Thompson. The nominating committee named the following directors for the en- suing year and their choice was con- firmed: H. J. Duemeland, J. L. Bell, V. J. La Rose, L. S, Craswell, George (Continued on page 6) Declare, Her Must Take Their Hands Under Plan and League of Paris, April 9.— (By the experts who have been engagi in the task of ascertaining da The two committees respectively, have gone deepl many pr oblems connected with’ problem by the Dawes report, the experts’ plan. An Ameri control for the proposed new duty will be to decide when G asked to arbitrate if the Com ing the “indext of prosperity” or the allies. WINTER WHEAT DROP FORECAST hington, April 9.—A at crop of 549,415,000 bushels year was forecast today by the Department of Agriculture, assuming average abandonment of acreage and average influences to harvest. Last year's crop was 572,340,000 bushels. The average condition of winter wheat on April 1 was 83 percent of a! normal, compared with on that date last year and 82 10-year average. winter the a There was a decrease of 5 points in the condition between Dec. 1 last r and April 1 this year with an average decline of 4 points in the last 10 years. MURPHY’S LEAD OFFICIALLY IS SHOWN LARGER Defeated H. H. Perry for Democratic Committeeman By Majority of 451 Votes OTHER OFFICIAL TOTALS R. B. Murply, elected Democratic national committeeman in the Murch tabulations made today by the state canvassing board. The vote was: Murphy 6,782; Perry 6,331. W. G, McAdoo, unopposed | Democratic ndidate for the preferential prefer- ence, received 11,273 votes. The five Democratic electors no- minated by the Democrats received votes as follows: Hugh McDonald, a Kennedy, 7,406; W. E G. H. Trimble 6,267; , 6,158, I vote on the nnounced as follows: amendments—county measures Consti- offi- was tutional cials, for 70,447; ag bond 345, Initiated issue, for 64, measure—Farm — labor lien, for 51,550; against 78,174. Referred measures—partisan elec- tio for 54,867; against 65,747 partisan election ; Gi mariicenteal comnittece’ con 449; against Bank tax val- idating measu ‘a 64,189. i FOUND GUILTY Grand Forks, April 9. yHeaton was found guilty on charge of imaking se entries on Seandinavian-Amer- ican bank books. CAPITAL LIKES JAZZ Washington, April 9-—As_ the sult of a careful inguiry and {mary of requests received, the D trict of Columbia radio broadcasting stations state that more than 30 per cent of listeners-in| want and ask for jazz music. The class next in demand is “standard” mu: TOOTHBRUSH GIFTS Pekin, April 9.—Hsiong- Chinese military leader, has sented each of his soldiers with a handkerchief inscribed with eight characters reminding them of their meritorious service. Other generals wu, pre- are distributing wash cloths and toothbrushes. A BOY’S POCKETS London, April 9—Knocked down and run named Arthur Parker, 9, had in hi pockets, two whipping-tops, three in the covering letter they approached the task * men anxious to obtain effective result: The League of Nations is drawn into the reparations likely to fill the important post of “Commi over by a taxicab, a boy; DAWES COMMITTEE, IN REPORT T0 REPARATIONS COMMISSION, GIVES PLAN FOR MEETING GERMAN DEBT However, Germany Must Be Left Free to Exploit Own Economic Resources, and French and Belgians Off Ruhr Industries and the Rhineland Railroads — American Given Important Post Nations Drawn in as an Arbi- trator of Germany’s Prosperity Progress. A. P.) —The report of the ed for the past three months Germany's capacity to pay reparations was handed to the reparations commission to- under the chairmanship of Brigadier-General Charles G. Dawes and Reginald McKenna, ly into the intricacies of the reparations and {as mentioned ‘as business while an unofficial represent- ative of the United States is slated for an important role in can member ot the board ot gold bank of issue is quite ioner.” His to pay has ermany capacity been reached while the League finance committee will be missioner’s decision in apply- is disputed by either Germany A business matter bereft of pol itics is how the experts describe the task they have just completed. They interpreted the object of their work us tending to the collection of the debt, rather than to the application of penalties with a purely economic solution in view Recognize Obligation + Recognizing the obligation of Ger- many to pay and declaring that she has resource with which to pay, the experts insist that if Germany does pay she must have her hands free to exploit her economic re- sources. The experts carefully omit in their report mention of the Ruhr, but make it plain that the French and Belgians must satisfy themselves by leaving garrisons in the Ruhr, if they see fit, but taking their hand off the Ruhr and Rhineland railroad and the Ruhr industric. The first prerequisite to the pay ment of reparations, the experts sert, is sound money in Germny They propose to this end the ests! lishment of a new gold bank of i with 400 millions gold mark cay in the organization of which make it to the interest and pre of Germany as well as to the adys: tage of the allies, to cooperate Can Meet Requirements Germany’s production, they sa will enable her to mect her own ré quirements and raise amounts to ap ply to reparations as contemplate in the plan. These payments fi on a sliding scale, run from 110 mil lion gold marks in 1926 to two bil- lion five hundred million in 1923. In order to prevent these payments from affecting adversely Germany's financial stability, an index of pros- perity has been fixed, making it pos- sible to judge whether the amounts of scheduled payments are or are not beyond her capacity, The index is to be based upon German exports and imports, the total budget re- ceipts and expenditures, road traffic, the monetary value of the consumption of sugar, tobacco, beer and alcohol by the total population and the consumption of coal. Per- centages will be fixed on the for three years, then for six years, the percentage of each of the six groups compared with the base be- ing separately computed with the average of the six percent results forming the index. Value of Railroads Germany's railroads, estimated bs the experts to be worth 26 billion gold marks, with a net earning ca pacity as high as one billion gol yearly, were found to be a» ailable means for securing repart- tion payments and aiding German finances. The experts propose 1 blanket mortgage of. 11 billion go): marks on the entire German railrotd system, bearing five percent inter est with one percent sinking fund annually. The inter t and sinking fund on they figure, represents less than three percent on the entir: ed value of 26 billion. Ful interest will not be required during * the period of reorganization but th: payment of 30 million marks will be asked in 1924 and 1925, increasing on a sliding scale to 660 million in 1927 and 1928, which the experts thin‘: ought to become normal years. Industry Must Aid German industry, under the plan is expected to provide five billior gold marks, represented by first mortgage bonds bearing the sam: rate of interest as the railroad bones. This amount, the experts explain, | less than the total debt of the. ix- dustrial undertaking in Germany be- fore the war. The interest on these bonds wi!! be paid on a progressive sca ginning the second year with two and a half percent, five percent the third year and five percent, plus one | percent sinking fund, the fourth year. peg tops, 73 brass trouser buttons, 60 marbles in a bag, a pair of clap- pers, two oranges, a wooden ‘cigaret ; holder, 10 cigarets, a small mouth organ and a jew's-harp. In the event of default in the nay- ment of the interest on the sinking fund or principle upon either rail. roads or industrial bonds, provision ny (Continued on page 6)