New Britain Herald Newspaper, September 28, 1925, Page 11

W\ BANKERS FACING . FIGHT ON POLICY Attitode on Federal Reserve System s Big Issue Atlantie City, N, J., Sept. 28 (A — The American Bankers' assoclation opened {ts 51st annual convention here today with the prospete of an open fight over the declaration of policy outlining the assoclation's at- titude toward the federal reservo system, The opening gun was fired by Ed- gar L. Mattson of Minneapolls, who pleaded, in an address before the national bank division, of which he is president, for a perpetuation of the federal reserve system substan- tially in its present basic form. The meeting was one of a series of di- vislonal conferences called primarily for the discussion of speclal prob- lems, preliminary to the general ses- slons of the convention, which open tomorrow and continue through Thursday. B Expressiig the bellef that a downward revision of taxes is as- sured at the coming session of con- grese, Representative John Q. Tilson of Connecticut, the new republican floor leader ,told the national bank division that In his judgment the permanent peacetime maximum rates should not exceed 15 per cent. “It s my bellet,” he sald, “that with such a rate in force the increase in total amount of income returned for taxation will alone make good the initial 1nss of revenue, to say nothing of the tremendous indirect effect.” Features of the present bill which he gajd should he eliminated were the Inheritance tax, the gift tax, the amusement tax, and the Tom" publicity amendment to the income tax | The surplus of rev- enues above necessary expenditures, he explained {s what makes it at all possible at this time to reduce taxes, hut there 15 not a real surplus in the | treasury. “If there were an actual surplt in the federal treasury,"” he declarec “'a special edition of the Lord's pray ar ought to ba gotten out for the use of congress and of the executive de- partments, printing in large red let- ters the line of that wonderful pray- er which ys: ‘Lead us not into temptation Alvin P. Howard, New retiring president of the savings bank division said that ings de- posits had Increased from $20,844,- 000,000 to $22,984,000,000 in the last vear and the number of depositors Orleans, “Peeping | numerous material witnesses some of whom were in Canada. The government charges that the court erred In its rulings holding the Sinclalr contracts for the Teapot Dome navul oil reserve valld, and that it erred in holding the question Jof validity of the presidentlal order lof May 81, 1921, to be immaterial and that the lease would have been {valid without the order. It expects |also a ruling that there was no fraud in the executive order. | The government excepts to the court's finding that no fraud was committed in negotiating the lease or the supplemental agreement, It |excepts to the court's ruling ghat Al- bert B. Iall, then secretary of the linterior, and Harry I, Sinclair did |not conspire to defraud the United | States by the lease or the supplemen- tal agreement, It excepts further to the finding |that the negotiation of the lease was |not a private or secret agreement {between I'all and Sinclair, and was |not attended by undue and unlaw- ful secrec It charges error in the court's rul- |ing that Edwin B. Denby, then sec- |vetary of the navy, was authorized |under the law to award the lease {Without advertising and obtaining competitive bidding: also that no other bidder stood ready to obtain any lease on the lands in contro- versy, and hence that none was de- nied an opportunity to bid. “The court’s ruling that disposal of royally ofl was exchange and not sale, is assigned as error, as it is the tuling that neither the lease nor the supplemental agreement was in any wise fraudylent, illegal, nor void, but that they were, valid and binding instruments, duly and law- fully exccuted on behalf of the Unit- led States. . Today Marks End of Bowles’ Campaigning Springfield, Mass., Sept. 28 (P— Today marked the close of the cam paign of Henry L. Bowles of this city, republican, and Representative |Roland D. Sawyer of Ware, demo- |erat, for election to congress from the second district to succeed the late George B. Churchill of Amherst. The campaign has been rather ibare of high lights, though Mr. |Sawyer has conducted a speakin, [tour of the district. Mr. Bowles has spoken little but workers in his be- half have made a careful cany Mr. Sawyer in a statement last night [conceded the eiection of his oppon- |ent but indicated that he would not on that account abandon his efforts. Mr. Rowles' supporters have argued |that his defeat or election by a small {lead would be construed by the country at large as luke rmness to- ward {he administration's policies in |the home district of President Coo- A small vote tomorrow is in- NEW BRITAIN lsAILY HERALD, MONDAY, SEPTEMBER 28, 1925, The Great American Melting Pot Towa, school. | Dutch, Twenty-four nationalities are rei The nationalities follow presented in this group of 24 children attending a Sioux City Top row, left to right, German, Indian, Hebrew, sian and Norwegian; middle row, Brazilian, Luxemburg, French, Bulgarian, American, Mexi- | can, Danish and Polish; lower row, Rumanian, Irish, Lithuanian, Spanish, Gregian, Bohemian, |!'p to the Paclfic coast the craft | British, African, Scotch and Austrian, us- BRITISH ARISTOCRACY INVOLVED ¥ RUM DEAL | Said to Haye Been Financing Opera. tions of “Beautiful Rum Runner" London, Rept. 28 (A—Members of |the British aristocracy and well |known financiers of both England |and the western hemisphers were | beck of the scheme to deliver whis- key in America’s “rum row" from [Mme. Gloria De Casares’ much- advertised ship, the General Serrett, |1t is now sta‘ed in a quarter which i3 in A position to know the facts. Mme. Cgsares, divorced wife of a | wealthy Argentine and formerly a British film actress, has announced |that she merely leased her ship to |others and had nothing to do with [the cargo or the rum running |scheme which came to naught re- cently when 1 controversy arose over the social register and move in ex- clusive circles, The whiskey now {s being held in |hond here, and Mmé, Casares is ne- | gotiating for the sale ot the ship, | with which she is having further |'rnvllv‘rr \ | On Saturday the schooner's water |supply gave out. and she ran up th | “water flag.” |ing wages which they claimed were |due. Early today unknown persons | broke into the ehip's stores. The | wircless apparatus was also dam- {aged, and it s reported that some- |thing is the matter with the boflers which supply the steam for the [schooner's auiliary engines. | Mme, De Casares hopes to go to INew York short | Transportation Act | Changes Are Urged | Washington, Sept. 28 (A ion act to fa- Amend- ment of the transport cilitate railroad conselidation and to set up a new system of settling labor Then the firemen sent | la delegation to the master demand- | RLEGT MRS, MeCARTHY | New Britain Woman Is President of the A, O. A, Auxiliary Associa- tion lanchester, Conn., Se (A—The county conventfons Ancient Ordar of Hibern v held here yesterday, | The Hibernians elected these officers, President, Thomas D, Dignan, Hart \ lent, W. F. Smit financial seeretary, Southington; treas- " Miner, South Manchester; vecording secretary, Thomas Noonan, ns and its The anxiliary elected these officers: President, Mrs. N v McCarthy New Tiritain; vice-president, Mrs Mary Carolin, Hartford; Margaret Holleran, Unionville; tre urer, M Annie Ervire, Southing- chairman, of Trish his- ary MeCarthy, secretar VALYE COVERS ON DIRIGIBLE REMOVED Further Testimony Into Condi- tion of Shenandoah Gas Cells Lakehurst, N, J,, Sept. 28 (P—All |covers on the automatic hellum valves on the alrship Shenandoah were removed on the first rapld as- cent in the storm on September 3, Lieutenant Roland G. Mayer, con- struction officer on board, testified today before the naval court of in- quiry. The officer sald he, personally re- moved the covers from two of the valves and ordered those on two others' removed, The other valves were uncovered before the ship Ift Lakehurst, Licutenant Mayer denied that the | purpose of the covers was to prevent the escape of helium gas; that their | tunction wus to prevent the gas bags sucking in air. | Rapld Rises Told i | | | andoah on the first uncontrolled [flight was not as rapid as the ship | |had gone up on three occasions in other flights, Mayer sald. On the went up 400 feet at three times the |rate of fhe September 8 rise and |2gain in a line squall oft the New |Jersey coast, she arose twlca at the |rate of more than three meters per | second. | Lieutenant Mayer sald that the |first sound of failure he heard was on the down drop after the ship had reached the extreme altitude. He heard wires snapping but could not identify where they were at that time the ship had been pitching and tossing for 10 minute Wlhen the ship was falling the cells cupped and flapped, the officer , and this fact probably led some of the crew to believe the cells falled. Trat was my first thought,” May- or testified, “but later T scrutinized the one over my head carefully and found that it was 85 per cent full.” Progressive Break-up There of the ship, the officer declared. Soon after the sound of snapping wires there was a sound of an en- gine car breaking away. Then the ship went to pieces rapidly, the hull eaking and control car glving way. Questioned by Rear Admiral Hil- ary P, Jones, president of the court, | Lieutenant Mayer sald that on the The rate of the rise of the Shen- | was a progressive breaking | squall off the New Jersey coast to get back to the station,” “Why was this change in the re- llet (automatic) valves made?” ask- ed Admiral Jones. “It was made primarily to welght,” Mayer replied, “Experi- ence had proved to us that the change was not detrimental to the ship." “‘Was there any criticlsm from any ycompetent source of this change in the valve system?" “Not any that came to my person- al attention," the manifold equalizing system be- {ween the gas cells like that in the Shenandoah?" “No sir. It was developed for uso |With the Shenandoah, The Germans |objected to putting it in the ZR-3 (Los Angeles) on account of its weight onl TROLLTY HITS AUTOMOBILE, Harold J. Joseph of 71 Curtls street was a victim of the trick trol- ley turn at Main and North streets yesterday afternoon. He arrived at the corner with his automoblle just as a trolley was making the turn. Joseph’s machine was struck and slightly damaged, Patrolman Charles Johnson, who investigated the accl- dent, reported. tigated an dent at the corner of North and n streets last night about 10 o'¢lock in which a ma chine driven by Joseph Sylvester of Rocky Hill collided with a car driv- aged. Automoblles driven by Ernest Goodrich of Plainville and G. G. Bush of Maple Hill collided on Main street yesterday, causing slight dam- age to both machines. Traffic Police- man Edward Kiely Investigated the crash but found no cause for an ar- rest. Harry Olson of 251 West street, | driving his automobile on Elm street about 8 o'clock last night, became | involved in a collislon with a ma- chine operated by Alphonse Brous: sen of 3 Seymour avenue. Patrolma Thomas Woods investigated and found that both machines had been slightly damaged. ON THE POLICE BLOTTER. Eric Lindroth of 32 Seymour av- enue reported to the police this morning thath a motormeter, pump and set of tools had been stolen from his automobile last night. He sald the machine was parked in a drive- way leading to his yard. Detective Sergeant George C. E Nnger is investigating & break that was made Into the office of the| Barnesdale Coal company some time Saturday afternoon. It is save | “Is it the German practice to use | en by Paul B. Barnes of 100 Wooster | street. Both cars were slightly dam- | MANNING ANNEXES GOLF CROWN AGAIN Wins Shattle Meadow Cham- pionship Iqr Second Year . €. W, Manning for the second ¢ ecutive time, won the golf chi | plonship of the Shuttle Meadow elub at the links yesterday, defeating 'W. 9. 8 ney in the finals. This gives | g the second leg on the cup awarded for the winning of the champlionship. Another season's win for him will give him permanent possession of the trophy, 1t belng ree quired that the cup be won thres times in successlon to give the holde er permanent possession, Manning played wonderful golf te come through both the morning and afternoon matches, He won the first three holes and in the first five Patrolman Thomas Woods inves- | 0. W, MANNING holes he made birdies on three of |them. At the end of the 13th hole, he was five up, but Sweeney, making a desperate spurt, reduced his lead to two up at the end of the morn« |ing play. | In the afternoon play, |got another birdie on the [hole Manning second e played consistently and at fhe end of the 11th hole, he was up. Sweeney, however, | playing his shots with a champlon's precision, spurted to win the next three holes In succession making & |birdie two on the 13th, The match was over when the 16th hole was Short Wave Signals From | Pacific coast flight the Shenandoah T W aard S o . had her orlginal valve gystem of 18 WIIC HeaxdtiniGermanyilac s tiel Ss TG e i el Hartford, Sept. 28 (P— the sudden aseent, however, all ex- - > signals cept four of the valves were covered, | urday night that her purse, contain- | Manning— ve be 'he officer sald the Shenandoah |ing about $3, had been stolen from| Out: 53 45 come from R. Hork- nqq made 10 fiights before Septem. an automobile parked in front of | In: 4 3 4 3 § Rottenture BGErmany.lias BT hotnew i ana Briiucedl Moorn a)lon Al arh et ety Sweeney— belleved that boys were responsible |tied in four and Manning was the tor the entrance. | victor by the score of three up and Susanne Gill of 38 Ollve street, WO to play. Hartford, reported to the police §: Morning round |the payment of the crew. |disputes was advocated today by | While the General Serrett has fre- |Samuel Rea, retiring president of the |quentiy been referred to as a “rum Pennsylvania railroad, during a con- ed that recognition be given by BULOISTE by runer,” it is stateg that the vessel | ference with President Coolidge. banka to changes in publio fancy in|| Norwicli, ‘Conni, Sepls (R1— never actually, made a trip Wwith | The law at present s unsatisfac- selecting their Investments. and |Peter Dufilio whose car killed for- | whiskey and fhat this was to have tory, in his opinion, because it seels Frank P. Bennett, Jr., of Boston, |mer Alderman Bdward Crooks ves- been her first, to give the interstate commerce com- wer of who urged stricter supervislon of |terday was held until Oct. 13, for a| Her hackers planned that she sail |mission the authority to formulat: building and loan associations {hearing, by the city court today. The |ostensibly for Halifax and unload |consolidation schemes. Prac The government alleges that the |request for postponement until the her cargo outside the 12-mile limit | all railroads ot the country, he court abused its discretion hefore |coroner can make a finding, wasjoff the American coast upon soms [are getting on a satistactory financial |on a 40-metor wave length. He also | “The Shenandoah seldom made a Cowles, originator of the W Manning— the trial, in refusing to grant an ap- fmade by City Attorney L. L. Rob-{real rum runner, which would pay|basis and if given freer latitude fn said that his DX work Is with the fight that she did not encounter | broadecast station, elected a direc-| Out: § plication of the government for a |bins. |cash and take changes on delivering |eftecting voluntary consolldations T'nited States and New Zealand. |strong head windsand rough gales” |tor of the national association of | In G continuance, to enable the govern Dufilie was plaeed under 85,000 | the wet goods in the United States.|would have at their disposal more | The instrument which was used for |Lieutenant Mayer replied. “O broadeasters, has recelved notice of Sweeney— ment to make further efforts fo get honds and early this afternoon had| Some of the men Involved figure’ money for new line construction and the low wave broadeast was made when we were returning from man- his appointment as regional chair-| Ou the testimony on depositions of (heen unable to furnish it |in the British “who's who" and in|improvement. by Chief Engineer Randall of WTIC. euvers we had to run through a line (man for New England. fror 35,000,000 to 39,700,000, Other | speakers at this meeting were Kent M. Andrew, Laporte, Ind., who urg- n recefved in Germany, 338 4 4 65—35—T74 65 55 that he had heard the signals loud - avitom: and clear at 4 a. m. Sept, 10. His station K-K14 received the signals [weafher?” asked Admiral Jones, Hartford, Sept. 28 (A —Walter G. 544 e encounter any rough WTIC MAN HONORED 534 ¢ What the ASSOCIATED PRESS IS What the ASSOCIATED PRESS IS THE ASSOCIATED PRESS is an association of persons represent- ing more than 1200 morning, eve- ning and Sunday newspapers scattered throughout the United States, Alaska, Cuba, Costa Rica, Mexico, Hawaii, Philippines, Porto Rico, and Central and South Ameriga. Its sole object is the collection and distribution of the important news of the world for publication {h its member papers. Each member contributes ex- clusively to the organization the THE ASSOCIATED PRESS hagno stock capital; it makes no profits and declares no dividends. The revenues reach an anmual aggregate of $7,000,000 derived wholly from weekly assessments levied pro rata upon the mem- bers. The members of THE ASSOCI. ATED PRESS are persons of every conceivable political, economie and religions advocacy. They demand accurate news; notwithe standing their varying opinions, they are united in one thing—that news of his vicinage. i News of all other countries in the world is gathered by staff men in centralized bureaus and in the field. In addition, there is available, through exclusive news-exchange contracts with the important foreign news agen- cies, all of the news that they gather, 80,000 individuals report news to THE ASSOCIATED PRESS. This news is distributed by leased wires. There are 55,000 miles of leased wires operated in the daytime, and 53,000 at night. It is the greatest clearing house for news in the world. The number of words daily received and transmitted at each of the more important offices is over 75,000—the equivalent of 60 col- umns of the average newspaper, The Assoriated rfirtss Leasep Tevecrapt Lings CoRRECTED T JANUARY 1st 1925, “LEGEND B3 Drvision Meuseeuarres ve.d g | Doumur s s Trma e €101 ey O Burtis wo.st ot ® liots Wae Comemons Sk ot Y g —— Rowmre e St 0w R s A THE ASSOCIATED PRESS news service shall be wholly free from partisan activity; the news must be important, clean, and fres from any tinge of propaganda. To this end the news is intene tionally and necessarily sube jected to the criticism of fifteen directors, twelve hundred meme bers and, most important, the reading public. { It is the theory of THE ASSOCTe ATED PRESS that, in a self-governe ing country like ours, the citie zens, if given the facts, must be able to form their own opinion and judgments respecting them, - These Telegraph Wires Keep the Readers of The New Britain Her in Touch with the News of the World