New Britain Herald Newspaper, October 16, 1928, Page 7

BORAH-TURNS T0 “NORTH CAROLIVA Sonator Atiacks Smith on - hibition Stand in Richmond ‘With Benater Borah En Route to Charlotte, N. C, Oct. 16 UP—Hav- ing commenced his southern cam- palgn with an assault upen Gover- nor Smith’s prohibition stand at the capital city of Virginia, Senator Wil- Mam E. Borah, today turned to an- other state of Dixie, North Carolina, to direct another bombardment against the democratic presidential seminee. The senator will make the second wpescn of his southern swing at Charlotte tomorrew night and he expects to make ‘‘prosperity” and tarift protection the principal topics of his address. His arrival at Charlotte was scheduled for late today.. Prohibition Talk Benator Borah in his speech last night at Richmond directed most of his fire againat the position of Gov- ernor Smith on prohibition. The democratic nominee, he declared, wished: to repeal the prohibition smendment and he claimed that this was the objective of the gover- | nor's presidential aspirations. The senator . also attacked John J. Raskob, ' demecratic national com- mittee chalrman, and Tammany Hall, democratic organization, for opposition to the dry law. For Repeal “Qet this,” Senator Borah told his audience, “Smith is for the repeal of_the prohibition law; Hoover is againgt the repeal; Hoover belioves it is ¢ ‘noble experiment’ and Bmith torms it an ignoble experiment; Raskob cally it a ‘damnable afflic- tiony of the country. 'Phe senator also criticized 8mith's views on immigration and farm re- lipt. ‘The proposal of the governor, he said, to eliminate the present queta restrictions “would increase the quotas of southern European countries by 300 to 400 per cent, while decreasing those of northern Hutope.” : Wants Report Qovernor Smith “probably s awelting,” he continued, referring to farm relief, “the report of Professor Seligman (Columbia university eco- nomist) to Chairman Raskob on the problem before he makes up his mind whether he & for or against the equalization fee." Borah praised the republican standard bearer for his viewpoint on the agricultural problem. The abil- ity and capacity of Hoover to solve economic prot™ms, he said, includ- ing that of agriculture was “unques- tioned” by the - farme; Hoove f00d administration, he added, w: metivated by marketing policies to Lenefit the farmers, i Ehe senatér planned little of a pofitical haturg’for his program to- fight In ChaMoMe. He had been in- foumed ha would, be met by & com- 1mittee of North Carolina Hoover supporters, but expected most of his epriferences with-them would take Blace tomorrow. * Asked {f he would Senator Furnitold M. Simmons, senlor democratic senator from North Carolina, and leader of the 8ti-8mith forces of his party in that state, the Idahoan said if Senator Bimmons were in the vicinity of Charlotte he would “‘pay his respects to Rim,” but that he had been told Simmons was in ahother section of the state. BENJANIN STRONG DIES IN NEW YORK (Continued from First Page) confer with daughter. He was educated in pub- lic schools at Montolair, N. J., and fn 1918 the honorary degree of doc- tor of laws was conferred by Prince- ton university. In 1919 he was made * knight of the Leglon of Honor. with other Americans, for services in France, His testimony at the joint con- gressional agricultural inquiry in 1921 and before the house commit- | tee on banking and currency in 1926 | was' considered such an intelligent | Analysis of the federal reserve sys- tem that it is now in college test- books for the study of the system. | Beginning business in November, | 1914, the Federal Reserve bank of New York had a staff made up of mostly borrowed help from neigh- bering member banks. Less than two months later, it had 1ts own permanent staff of five offi- cers and 36 others. Under the di- | rection of Governor Strong the bank casily absorbed the great Increase in | business that came to it from the country’s most importynt financial center, The expansion, which was steady, was given impetus during the world war and the years immediately after. | and eventually the annual volume of | the bank's business went up into billiens . The institution's staft like- wise grew in number and in less | than 15 years had been increased | from the original 41 to more than | 3,000 employes. As chairman of the liberty loan | committée of the second federal re- | serve district, Mr. Strong direcied | the campaigns for the sale of gov- | ernment securities during and after | the world war. When the commit- Serve SODERHOLM’S Swedish Rye Bread to! your guests and then they will be Sure set a Good tee’s work had been concluded the members adopted resolutions declar- ing that “the five liberty loans of the United States have been written down as glorious chapters in our public finance,” and that *“Benjamin Strong as chairman of the liberty loan committee of the second federal reserve district, has risen to a high occasion and has discharged the responsibilities, the duties and the arduous tasks of that position with a gzeal for the public good and with soundness of judgment that ranks his work among the most devoted instances of service rendered to the United States during the war.” Beginning his banking career as a clerk for Cuyler, Morgan and Co., of New York, Mr. Strong later serve ed as secretary of the Atlantic Trust compauy and the Metropoli- tan Trust company. Eventually, he was elected president of the Bankers' Trust company. He became one of the leading fig- ures in the federal reserve system as chairman of the open market in- vestment committee and chairman of the governors' conference of the system, Although the Tederal Reserve bank is not authorized to make loans, the New York bank, through Governor Strong, was able to aid in the money stabilization of England, Italy, Belgium and Poland by ar- ranging to sell gold or buying bank- ers' acceptances’ in these markets. The eminence of Governor Strong’s position in the fleld of in- ternational finance was indicated by the excitement caused by his arrival in Europe on each occasion. Governor Strong was a member of the Academy of Political 8cience, the Merchants' association of New York, and the Chambers of Com- merce of New York and Paris, the Japan society and the France- American soclety. He also belonged to a number of clubs in New York and Washington. EXPLORERS SEEK OLD PIRATE GOLD Manx Castle Reported Hiding Place of Wealth Peel Isle of Man, Oct. 16 (M— | Buried treasure, supposed to have been hidden in Pecl Castle as far back as 1266 by Orry, the Icelandic | pirate-king, is to be sought by an | expedition now being organized un- der the auspices ofsthe British and Isle or Man governments. Legend has it that vast quanti- ties of valuable loot and histeric relies were buried by the Norre kings who ravaged the British onJd Mediterranean coasts five or six | hundred years ago. The imperlal gofernment at ‘Whitehall, which owns the castle, has given perniission for the work, which will be under the su- pervision of J. E. Douglas, Isle of Man government survéyor, assisted by G. H. Quilliam, clerk to the Peel town commissioners, and P. M. Ker- mode, who represents the Antiquar- | fan society of the Isle of Man, Beveral old gold coins and other articles of value have already been found, thus giving color to the old legend of burfed gold that has heen handed own for hundreds of .years in Manx families, ' — ISNT SHE THE MOST REMARKABLE PERSON YOU HAVE EVER KNOWN ?: ABOUT EMMY | usu;‘n's Mm;u [ Beatrice Burton A/Tb START IN TheHerald Thurs.,Oct. 18 to know you table. Ask Your Grocer NEW BRITAIN DAILY HERALD, TUESDAY, OCTOBER 16, 1928 The ruing of the castle stand on aeven acres of massive rock, linked to the mainland by a modern cause- way. Within the castle grounds are earthworks belleved erected by men of the Stene Ag:, and burial places in the form of long barrows, used hundreds of years before Christ. The great natural fortress was employed by the early Christian monks and missionaries, the Norse pirates and sea-kings, smugglers, and the Celtic ralders. The modern antiquarian expect toy find man relics of th fferent occupations of the isolated apot which stands in the Irish sea almost midway between Liverpool and Ireland, The island was occupled by the Norsemen in 1266, led by Orry. He roved the seas in search of adven- ture and treasure, pillaging the coastal regions as far south as Afri- ca. His stolen wealth is said to have been brought back to his base of opcrations at Peel Castle. His hidden treasure chamber has never Slip-over, striped, 100% all sizes. Sport Sweaters '1.55 wool with many patterns: and colors. V-neck, crew neck and student neck— been found and this is the first or: ganized attempt in history to loeate it The Celtic raiders displaced the Norsemen so suddenly that it seems impoasible for the latter to have @8- caped with all their loot. In turn, these Celts used the rocky point as a storing place for their booty. For hundreds of years later the rocky caves were the refuge of smugglers and the headquarters of an organ- | 1zation which cost the modern Brit- ish government some $1,250,000 & year in loss of revenue. Finally the British government bought the castle to stamp out the illicit traf- fic. Three unexplored caves on the island are believed to lead to differ- The present organized search is be- ing made as the result of confiden- tial letters received from F. A. Price who was familiar with the ancient ruins when he left the island 60 years ago for Australia. As he is ent parts of the ancient building. | getting old, Price is said to have re- leased certain secret information he possessed to the Isle of Man gov- ernment, MOVIE REEL PRESENTED A motion picture film, “Master of Emergencies,” showing outstand- Hoover, has been presented to the Woman’s Republican club of this city. Announcement of the gift was made by Mrs. Buell Bassctte, presi- dent, at a card party last evening. 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