The Daily Worker Newspaper, April 10, 1924, Page 2

WALL ST. PLAN SCRAPS TREATY OF VERSAILLES: Dawes’ Experts Put Mortgage on Europe (Continued from page 1) of Versailles. We have been ‘con- cerned with the practical means of recovering this debt, not with the imposition of penalties and guar- antees which we propose are eco- nomic, not political,” the committee said, by way of explanation, Consideration was given to what extent balancing of the budget and stabilization of the currency could be re-established in Germany as she actual'y is at the present moment, with limitations as to her fiscal and economic rights over part area, “We should say at the oytset that we have been unable to find any Yractical means of ensuring per- manent stability in budget or ni the 4 THE DAILY WORKER Thursday, April 10, 1924 PARIS, April 9 that the experts’ p! Germany’s currency and balancing her budget may be successfully con- summated was expressed by General Charles G. Dawes in a covering letter transmitted to Louis Barthou, chair- man of the reparations commission, together with the report of commit- tee number one, Dawes declared the entire world had “vital and enduring concern” in what the experts proposed. He ex- plained the open mindedness with which they had attacked their prob- }lems, and paid high tribute to his | colleagues. | Expect Germany to Prosper. Two outstanding features of. the | report which Dawes stressed in his | covering letter were that the commit- | tee has endeavored to so arrange matters that Germany pays taxes as high as those in any creditor country A devout wish for stabilizing tions payments are to be guaged by | her increasing prosperity. | “The plan submitted is fair and {reasonable in its nature, and if ac- | cepted, is likely to lead to ultimate and lasting peace,” Dawes wrote. involving her people in hopeless mise- ry.” The text of the letter in part, fol- lows: “The President of the Reparations Commission, “Sir; Your committee has unani- mously adopted a report upon }means for balancing the German budget and the measures to be taken to stabilize its currency which I now have the honor to submit. Where Did We ear This? | its responsibility to your commission |and to the universal conscience, the committee bases its plan upon the principles of justice, fairness and mutual] interest, in the supremacy of | which not only the creditors of Ger- many and Germany itself but the world also have a vital and enduring concern. the | pl | | ' casion.’ More than this limit could not be expected. And less than this would relieve Germany from the com- mon hardship and give to her an un- fair advantage in the industrial com- petition of the future. The plan of the committee embodies this princi- “The plan has been made to include flexible adjustments which from the very beginning tend to produce a maximum of contributions consistent with the continued and increasing productivity of Germany; the con- “Deeply impressed by a sense of! servative estimates of payments to be made in the near future are dic- tated by business prudence in out- lining the basis of a loan and should not ios the perspective as to the effects to be registered in the aggre- gate of eventual payments which will annually increase. * * * * Oh My! Oh My! “To ensure the permanence of the “Since, as a result of the war, the, new economis’ peace between allied ! so also must Germany be encouraged cord with the just and underlying reney under these conditions,” ting ieerte reported. “we have there- | “The rejection of these proposals by|May 29, 1919, that the German fore, been compelled to rake the|the German government means the| scheme of taxation must be ‘fully as wW assumption that the fiscal and eco- nomic unity of the’ reich will be restored. Modify Ruhr Occupation? “Our pian is based upon the as- sumption that existing measures in so far as they hamper man eco- nomic activity will be withdrawn or sufficiently modified so soon as Ger- many has put into execution the plan recommended.” The committee expressed so opinion that if occupation of the} Ruhr were modified, settlement of reparations “must be reinforced by | adequate productive securities.” «| Referring to the “economic po- | pentialities of: Germany” the report | said “the task would be hopeless if the present situation in Germany | accurately reflected her potential | capacity.” but, “Germany is well | equipped with resources, She Dos- | sesses the means of exploiting them | on a large scale and her present | eredit shortage has been «vercome. | She wil be able to resume a fa-| vored position in the activity of the | world.” The committee outlined its plans for a new bank of emission, to have a capital of 400 million gold marks, part to be subscribed in Germany | and part abroad. The bank would be administered by a German presi- | “The work pi dent and a German managin. board. Alongside this managing board | there would be another board. called | the general board which would con- sist of seven Germans and seven} foreigners. Proposed Relief for Germany. The report goes into detail about provisions relative to the issuance of notes and maintenance of the/ bank’s reserves and provides for a/| majority over which would give the | allied members of the general board | a controlling vote. The benetits that | would accrue to German lator from stabilization of the German cur- rency are noted. fe “For the working classes insta- | bility is always evil,” the report} says. “It has no whatever.” If the statutes of the proposed bank are strictly observed there can be little danger of future inflation, the experts declare. The proposed relief for Germany during the next two fiscal years is detailed. “In addition to stable currency, the 34.—,budget requires certain re- lief from immediate charges for treaty yurposes,” the report says, adding “while securing the budget- ary position this will not imply ces- sation of payments indispenb‘e to the alties in the form of deliveries in kind and the basic priciples of Germany’s annual burden.” Hastening to reassure what considered the French the committee says: Want German Capital to Return. “We repudiate of course, the view that Germany’s whole domestic de- mands constitute a first charge on her resources and that what is av able for her treaty obligations merely revenue that she may be wil- ling to realize. Rut if the prior obligations for reparations. . .to- gether with an irreducible minimum for her own domestic expenditures make up...a sum beyond her taxable capacity, then budyct insta- bility at once ensues and currency stability is also probably involved.” The experts stress their belief that “success of our proposals to attain financial stabilization depend essentially upon return of confi- dence.” Without this, German capital in- vested abroad will not return, for- eign capital will not be attracted and even collection of taxes will be tmpossible, the report says. Taxation Burden On People. In discussing a plan to regulate Germany's future payments in ac- cordance with her increasing pros- perity, the experts hold that “the German people should be placed un- der a burden of taxation at least as heavy as that borne by the people of allied countries. It particularly questions that the wealthier classes have paid their fair share in the past. Considerable detail is devoted to “an index of prosperity,” whereby Germany's increasing ability to pay is to be gauged, “Six sets of rep- resentative statistics—railwa, traf. fic, population, foreign trade, con- sumption of tobacco, etc, budget expenditure and consumption of coal ~should be ascertained,” and an av- * erage taken, it is proposed. ¢ committee expresses the be- lief that it is necessary “that treaty is | dropped compensation H viewpoint, | deliberate choice of a continuance of jeconomic demoralization, eventually heavy proportionately as that of any of the powers represented on the oc- principle of the treaty of Versailles,! reaffirmed by Germany in its note of | |ereditors of Germany are paying! governments and Germany, which in- of her| but no higher, and that her repara-| taxes to the limit of their capacity,! volves the economic adjustment pre- sented by the plan, there are provided to pay taxes from year to year to the | the counterparts of those usual eco~ limit.of her capacity, This is in ac-| nomic precautions against demorali- zation which are recognized as essen- tial in all business relations involving express obligations. * * * * “Great care has been taken in fix- ing the conditions of the supervision over Germany’ internal organization ference consistent with proper pro- so as to impose a minimum of inter- tection. The plan submitted is fair and reasonable in its nature and, if accepted, is likely to lead to ultimate and lasting peace. The rejection of these proposals by the German gov- ernment means the deliberate choice of a continuance of economic demoral- ization, eventually involving her peo- ple in hopeless misery. * * * * “In its work the full committee has held since January 14, 1924, forty- eight meetings, “The sub-committee on the stabilizing of currency, com- josed of M. Harmentier, Sir R. M. indersley, M. Emile Francqui and Professor F, Flora, assisted by Henry ship of Owen D. Young, has held sixty-eight meetings and the sub- committee on balancing the German budget, composed of M. Alix, Baron Houtart and Dr. Pirelli, under the held sixty meetings. These sub-com- mittees have also had the assistance of Andrew McFadysan, the general secretary of the reparation commis- sion. e time of the committee, out- side of that consumed by its meet- ings, has been given largely to in- vestigation and study, Isn't He Vexbose? “In speaking of my colleagues and as bearing upon the value of this re- port, I feel that I should make known to the reparations commis- Dawes Offers Up Devout Wish For His PlanSUGAR TRUST sion and to the world that their gov- ernments have in no case limited their complete independence of judge- ment and action, either before or | after their appointment by the repa- rations commission. Limited only by the powers granted by the commis- sion, each of my colleagues has per- formed his work as a free agent; these men searching for truth and 'advice thereon were answerable only to their conscience. In granting this freedom, the governments have on the same lines followed the commis- sions spirit and intent in constitut- ing the committee, but in so doing they have paid the highest tribute M. Robinson and under the chairman | which governments can bestow, name- ly, complete confidence in a time of crisis in human“affairs. In their vision, in their independence of thought, and above all their spirit of high and sincere purpose, which arises chairmanship of Sir J. C. Stamp, has} above the small things over which the small so often stumble, my col- leagues have shown themselves | worthy of this trust, “That their work, which I know place in the commission’s hands, may assist in the discharge of the com- mission’s. great responsibilities is their prayer and the knowledge here- after that it has done so will be their full reward. (Signed) “Charles G. Dawes, chairman.” || FRENCH PRESS HITS DAWES’ REPORT; HUGO STINNES ON SIGK BED BERLIN, April 9.—At the hour when the reparations commission in Paris was receiving the report of the experts, Germany’s strong man who led resistance to repara- tions demands—Hugo Stinnes— lay gravely ill at his home here. The industrialist’s wife was con- tly at his bedside and physi- s held out some hope for his recovery. Stinnes was operated on for gall stones March 22. He collapsed following a second operstion last Saturday and grew steadily worse. oes French Are Skeovtical. PARIS, April 9.—The French press was critical of the Dawes report, skeptical as to its success and unfavorable to its adoption, Pertinax, celebrated critic of the | Eche de Paris, nted is hardly It gives Germany of starting once mote her evasions of 1921-22.” * * «© Heavy Selling In Wall Street. NEW YORK, April 9.—Officiel publication of the Dawes’ report was followed by heavy selling di- rected principally against indus- | trials. Studebaker broke to a new low on the week’s decline at 91% where it was within half of the year's low.. American Can also to within fractional distance of the record 1924 low when it broke to 10256 and simi- was exhibited by tive rails were elso under pre: 2. demands will not, in the period to |which the settlement relates, be again the subject of negotiations |and disputes.” It suggests, how- ever, that whereas the treaty pre- scribes German’s obtigations in terms of gold, these can he met by other payments possible and prac- tical under the committee's plans. | Germany is not to have an ekter- nal loan to meet‘ordinary deficits \during the transition period as in jthe case of Austria and Hungary, the report s, Germany is not, in so many words, to receive a moratorium, but the com- mittee says “we are satisfied that |heither by reduction of expenditures nor by increase in receipts can Ger- many (in 1924-25) be expected to provide out of her budget resources for any peace treaty payments to the | allies.” Hope is expressed that during the period of “relief,” expenditures on unemployment in Germany will ex- hibit a notable decrease as well as expenditures on the army. Regarding the German railways, a |transport tax of 250,000,000 gold marks per annum should be with- drawn from the revenue side of the budget and devoted to the payment of treaty charges, the experts believe, “We believe that at the end of the | fiscal year 1928-29, the financial and economic situation of Germany will have returned to a normal state and that in this and subsequent years the ordinary budget should support the inclusion of a sum of 1,250,000,000 of gold marks,” the report says, is is the gist of the committee’s proposals: That this sum be the standard annual payment, “plus the additional sum computed upon the index of prosperity. as @#om the year 1929-30 onward.” It is from the German railways that the experts propose to raise a considerable portion of Germany's inereased internal revenue. They say that the railways have in recent years been badly mismanaged owing to post-war dimculties, have been enorm- ously. over-stuffed and extravagantly administered. The ern farmers. is estimated by the experts on a con- servative basis at 26,000,000,000. Hopes on German Railways. Belief is expressed that the German railways can, without difficulty, earn a fair return on their present capital value for the joint stock companies, into which it is proposed to convert the lines, The German railways, it is recom- mended, should pay eleven billion gold marks, represented by first mortgage bonds bearing five per cent interest i una a one per cent sinking fund. Aj board of control will have 14 German members with German chairman and) general manager. ‘Under the heading “industral de- bentures” the experts propose to re- quire as a contribution to repa payments from German industries the sum of not less than five billion gold marks, to be represented by first mortgage bonds at five per cent with a one per cent sinking fund per an- num. ‘or one thing, the committee points out, industrial concerns “have profited in many ways thru depreci- ated currency,” and would be bear- ing an equal burden had the mark not collapsed. It suggests the exemp- tion cf agriculture from the obliga- tions of the proposed mortgage. “We are now,” says the report, “in a position to summarize the full pro- vision we contemplate for treaty pay- ments, Provisions for Three Periods. “Budget moratorium period: First year, from foreign loans and part in- | terest (200,000,000 on railway bonds) a total of one billion gold marks; | second year, from interest on railway | bonds (including 130,000,000 balance |from first year) and interest on in- | tributions, including the sale of rail- way shares, a total of 1,220,000,000 ; gold marks, |. Transition period: Third year, from interest on railway bonds and indus- | trial debentures, from transport tax 'and from budget, a total of 1,200,- 000,000 gold marks, subject to con- tingent addition or reduction not ex- ceeding 250,000,000 gold marks; fourth year 1,750,000,000 gold marks. “Standard year: Fifth year 25,- 000,000 gold marks.” The first year qvill begin to run from the date when the plan shall have been accepted and been made effective. As soon as the plan is put into ac- | tion the reparations commission will | be in possession of bonds for 16,000,- 000,000 marks, (11,000,000,000 from the railroads and five billion from the industrials) which may be sold to the extent to which the finaricial markets are capab‘e of absorbing them. Plan for Deliveries in Kind, Referring next to deliveries in kind, the committee says that “unless they can be confined to natural pro- ducts of Germany, they tend to be- come uneconomic in character.” France’s wishes are deferred to in the report when it proposes that the costs of the armies of occupation are a first charge upon the proceeds of deliveries in kind. Another reason is given, however, The necessity is urged of expending “almost exclusive- = within Germany the sums available or iret A eh brigglee in 1924-25 and 1925-26, it’ being lained this will work out, first to the advantage of the German budget and consequently to Germany's creditors. ‘ The report provides “that all pay- ments for the aceount of reparations will be paid in gold marks or their equivalent into the bank of issue. to the credit of an ‘agent for reparations payments,’” and that the “use and withdrawal of the moneys so de- posited will be controlled by the said agent and five persons skilled in mat- ters relating to foreign exchange.” Here the committee again provides that Meegen | is never to pay more than the allies can receive without upsetting the balance of the ex- shetad, or the trade balance, if pay- ments are in kind. 0 too low a fi » unac- ceptab’e to Germany's creditors and unwarrantably favorable to Ger- The capital value of the railwaysmany, is deplored. Farmers Broke in Minnesota, So Another Bank Goes to the Wall ST. PAUL, Minn., April 9.—Another bank has closed its doors here, reflecting the bankrupt condition of the Northwest- H Brainerd State Bank, with deposits totaling | ry DAIL: $500,000, was closed after a run on the institution, | dustrial debentures and budget con-| lernor Len Small, 281,701; CAL AND SMALL BEATING RIVAL ILLINOIS FAKERS Scab Crowe Still Sitting In County Office President Coolidge yesterday was leading Senator Hiram Johnson in the Illinois presidential preference ; race by 19,684 voteg in the unofficial count from 2,487 out of the state's 5,758 precincts. The count: Coolidge, 185,526. Johnson, 165,841, For senator, republican, ex-Gov- ernér Charles Deneen had a lead of approximately 14,000 over Senator McCormick. The count: Deneen, 165,682. McCormick, 151,785. For governor, republican: The count from 3,012 precincts was, Gov- Senator Essington, 237,753. Oil Record Swamps McAdoo. On the democratic side the regu- lar organizaticn led by George E. Brennan, democratic boss of Ilinois, swept everything before it; Unofff- cial returns show that Brennan's uninstructed slate of delegates to the democratic national convention received an overwhelming majority over the slate of William G. Mc- Adoo, candidate for the democratic presidential nomination. Brennan’s slate carried by two and three to one in nearly all parts of the state. Thousands of democratic voters wrote in the names of Mayor Dever of Chicago and Governor Al Smith of New York for president. a (Special to The Daily Worker) Johnson Routed In Michigan. DETROIT, Mich., April 9.—Presi- dent Coolidge’s majority over Sena. tor Hiram Johnson in Michigan's residential primary Tuesday probably will total 120,000 returns from the accumulating precincts indicated to- vy. Henry Ford slowly increased his margin over Senator Woodbridge N. Ferris, later returns failing to show any trend against the automobile manufecturer. Returns from 2,349 precincts out of 2,894 gave: Coolidge, 191,627; Johnson. 89,189. In the Democratic primary 2,296 precincts rave: Ford, 35.572. Ferris, 32,263. . se : Knocks Out Hiram, (Special to The Dally Worker) LINCOLN, Neb.. April 9.—Presi- dent Calvin Coolidge was leading Senator votes in 865 precincts out of 1.936 in the Nebraska primary of yes- terday. , The vote was: Coolidge, 88.783, Johnson, 28,216, Senator George W. Norris, pro- gressive republican, was assured of re-nomination with a vote of more than two to one over his nearest opponent. Few democratic voters wrote in their choice for presidential nom- inee. William G, McAdoo received the largest number of voluntary votes, Governor Bryan apparently is re-nominated by ‘a two to one vote over Charles Graff, : Low Wages Won't Make Work. Prompt Pa., April 9.-—A statemen ‘ohn Bro: esident District 2, United Mine Workers, in reply to B, M. Clork of the bitumin- ous coal operators of central Pennsyl- vania, declares low wages will not settle unemployment in the industry, Call Off Milk Strike. BOSTON, Mass, April 9.—Milk wagon drivers in Boston have called off their proposed strike. Under the new agreement they will work on a commission basis with a weekly minimum guarantee of $88 a wevk, their present wage. of Bre shop mates read WORKER. Get one of them to subscribe today, Hiram Johnson by 15,567 | g5: Wallace, Another Coolidge Crook, Aided the Livestock sentative King, of Illionis. mission. tion, refused to permit the National Livestock Producers’ Co-operative Association to file an application to trade in live stock on the Kansas City ex- change, after it had stated its intention to reduce the rate of commissions to farmers. Recently, however, two individu- als filed a rate 30 per cent below the regular commission rate on the Oklahoma City exchange, and the combine asked Wallace to biock their doing business, They were subjected to such pressure that they finally agreed to charge the regular rate, and were admitted to the exchange. Earl Haines, prominent in the federal trade commission's study of stockyards conditions, which led: to the enactment of the present make- shift lew, agreed with burns that from 25 to 40 per cent should be returned to the farmers, from the $40,000,000 taken from them by the live stock commission men each year, Haines resigned from Wallace's department last October, submit- ting a letter in which he declared that the important advantages gained by the farmers after 30 years of struggle against the meat packing combine are rapidly slip- Ping away, due to the shieldizg of profiteers by the very agent’ of government thet was created to guard the public against. them. |Klan Candidate Wins Mayor’s Job In Kansas City (Bpceial to The Dally Worker) KANSAS CITY, ™o.. April 9.— Albert I, Beach, rbublican, was elected mayor of Ka‘ City in Tuesday's election by a majority of 4,794 over Frank H. Cromwell, democratic incumbent, The vote: ‘Beach, 66,446, and Cromwell, 61,- 2. Beach was charged with being the Ku Klux Klan candidate by his op- ponents. he klan influence was generally credited with being an important factor in victory, WASHINGTON, April 9.—Tho prevented from making any formal expression, state department offi- ciels today let it be known that the report of the Dawes committee was “highly pleasing” from an Ameri- can point of view. “We earnestly hope that this ex- cellent piece of work will mean the solution of this serious problem of reparations,” a high department offi- cial said, “It is not a governmental arrangement, however, and we can pak express governmental approval The department spokesman id high tribute to Dawes and his toate leagues, who devised the tantative solution of the problem, Fesr Wind and Rain. PRINCE RUPERT, B. C., April 9. ~—Rain, accompanied by strong west- erly winds, wes falling here early today threatening to delay the start for Sitka, Alaska, of America’s flyers attempting to circle the globe. No Charge In California. SAN FRANCISCO, April 9,—Lit- tle ie in the Northern California jhoof and mouth disease epidemic was reported here over night. Ring Against the Farmers (By The Federated Press) WASHINGTON, April 9.—After hanging fire for many months, the investigation of Secretary of Agriculture Wallace has been started before a House committee headed by Repre- The first testimony has come from John M. Burns, former attorney in the packers and stockyards administration, and from Earl S. Haines, formerly an examiner in this same division and previously employed in the stock- yards and packers investigation by the federal trade com- Burns told how the farmers are robbed by thé livestock commission men’s ring, and how Chester Morrill, executive assistant to Wallace in directing the stockyards administra- —____—__¢—_—_ SENATE VOTES PROBE OF THE WHEELER ATTACK Republican Committee Knew of Indictment (Continued from page 1) spiracy in the shadow of the dome of this capital,” Wheeler said. Try to Call Him. “I ask you to investigate, and I will tell you that you will never find one ‘dishonest thing in my life.” Wheeler told the Senate of several attempts he Fo hg had been made to “call him off” in his investigation. “Shortly -after the investigation started the republican national com- mittee made an attack on me as a protector of I. W. W’s,” he said. “They have sent their miserable sleuths to Montana to frame a mem- ber of the United States Senate. “I am not asking for sympathy. am able to take care of myself, but want the Senate to know the truth.” Cae oe ae Senate Votes Investigation. WASHINGTON, April 9.—The Senate today voted an immediate in- vestigation of charges by Senator Wheeler of Montana that.he had been “framed” in the indictments returned against him yesterday at Great Falls, ‘ont. Followin; a stirring speech in which he denied the charges in the indictment, and declared it was a move to block the Senate Daugherty investigation, Senator Walsh, Mon- tana, his colleague, introduced a re- solution providing for an investiga- tion of this charge, which was prompt!y passed. Labor Faker Reaps Reward for Helping Corrupt Politician The Chicago labor leaders who induced trade unionists to clect the corrupt Small to the gubernatorial nomination, are their reward. Yesterday, William Brims, of the Carpenters’ union, convicted of conspiracy in 1922, had his sentence commuted and went free while other officials of the Chicago flat janitors’ union were granted a gs of sentence on a similar ease. it is good news that labor men ure prevented from serving unjust sentences, when their only crime is organizing labor. But these men got out of jail by aligning them- selves with a corrupt political ma- chine, instead of being freed be- enw of the organized protest of the workers, Another Vietim Dies. ALTOON, Pa, April 9.—John Miasco, 88, who claimed to have dis- covered the armed Klansmen on a teuin gol.g to willy last Saturday night and who was later shot during the riot, died here late last night. BEHIND CAL VS. FILIPINOS Secretary of War Weeks Is Also Involved Here By JAY LOVESTONE. (Special te The Daily Worker) WASHINGTON, April 9.— When President Coolidge took the special pains to issue a lengthy message against the in- dependence movement of the Filipino people, many won- dered what was the driving force behind the Chief Execu- tive’s imperialist elbow. An examination of the pres} ent conflict in the Philippine against the encroachments o the American capitalists tells the whole story. Grabbing the Sugar. ,_ The writer has obtained from un- impeachable sources tha following facts which are typical of the policy of aggrandizement and exploitation pursued by the Washington govern- ment against the Filipino nation and the other subject colonial peoples. No sooner had General Leonard Wood been sent to the Philippines than the American business interests launched preparations to take away the natural resources of the Islands from the natives. Mr. Atkens is one of the big sugar plantation owners in Cuba. Mr. Atkens also is the son- in-law of Secretary of War Weeks who is one of the bitterest enemies of Filipino freedom, When General Wood made his first attempt to drive the Philippine government out of business and handgver the sugar cen- trals to private American capitalist interests, this same Mr. Atkens used his intimate connections with the cabinet, P oebinga iy with Secretary of War Weeks, his father-in-law, un- der whom General Leonard Wood is working in the Philippines, to get in first on the spot, on the ground floor ’ as it were, to grab up all the Filipino sugar centrals for himself, The “Principal” Is Involved. It was only the persistent deter- fnined opposition of the Filipino legis- lators and the native directors of these sugar centrals that thwarted General Wood’s plan which would have thrown these sugar centrals in- to the hands of the family of Secre- tary of War Weeks. Mr. Atkens has repeatedly expressed great interest in ee | hold of the sugar centrals of the Philippines, because, in his Spleens sugar can be luced nifuch cheaper in the Philippines than any- where else, As it is the “sugar” agents of the son-in-law of the Secretary of War Weeks have been held Li cgay Their prospecting has done little good and netted Mr. Atkens very slim results so far. This case is characteristic of the policy of ernment towards the weaker nationalities. Here we have President Coolidge, Secretary of War Weeks, and Governor General Leonard Wood tied up in a conspiracy to rob the Filipino people of their natural resources, It is the huge in- terests,cf Secretary of War Weeks and his crowd of Boston bankers that are making Coolidge so bitterly op- posed to the Philippine independence movement. Investigation Not Wasted. But Congress is not showing any signs of life in bringing to the fore the resolutions demanding an invest- igation of General Leonard Wood’s scandalous administration of the Philippines. In well-informed circles it is maintained that such an invest- igation would bring forth revelations far more shocking than the Teapot Dome disclosures, No Subpoena Has Yet Been Served on Mrs. Jake Hamon (Continued from e 1) teeman for Pennsylvania and direc- tor of sales of the alien property custodian’s office. “To sum un the whole thing,” said Wheeler, “this man Guffey juggled the government’s funds, used them to promote his own companies; he was indicted for embezzlement, and the only thing that Daugherty did about it was to recommend that the case be no:le prossed, Is that cor- already reaping | rect? “Yes,” said Stork. “They put a quietus on it some- where, didn’t they?” asked Wheeler. “Nothing was done,” said Stork. The cummittee recessed until 10 o'clock tomorrow, o..8 6 Mannington Drops From Sight. NEW YORK, April 9.—Howard K. Mannington, much mentioned figure in the Senate Daugherty inves- tigation, dropped from sight in New York today and it was believed he had gone to Washington to appear before the committee, Mannington said when he arrived from France late Tuesday that he was in no hurry to go to Washing- ton and that he usually stopped at the Continental Hotel while in New York. ‘the subpoena was served as soon as Mannington alighted from the steamer late yesterday. The Senate Committee wants him to answer charges made by witnesses that he was 4 party to an alleged split on funds paid for liquor illegally with. ‘drawn from government warehouses and other charges. }