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The summary. (Elmira, N.Y.) 1883-19??, October 16, 1920, Image 1

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THE SUMMARY V olume 38 » « * E lmira , N. Y,, S aturday , O ctober 16,1920. N umber 42 Farmers Blame Federal Reserve ‘*General Bankruptcy Ruin A r e Inevitable,*' Report A d o p t e d and Says W ashington . —‘'General bankruptcy and ruin arc inevitable,” unlesa some immediate remedy is found to reiiave.the preasnt price situation as it affects ibe farmer, says a report submited to tbe agricultural conference Wednesday by a gen­ eral committee appointed to study the situation. The report was adopted by the conference with- cut a dissenting vote. The committee blames the Federal Reserve i;itrm for prssent prices, charging that it \has arbitrarily withheld from assisting the basic in- duitry of this country to maintain a level of prices that at leastmeets the cost of production. ” Declaring that the condition of the mind or the farm population is ominous, the committee says, ■‘this 31 ate of mird can only be changed by a frank and fair at itude on tbe part of those in anthority- tbe test of which can be only their acts,” The committee say: \It is wrong as a matter «fpolicy artiffcially to pressdown prices of com- Bodiiies and it is particularly wrong to begin with tbe raw commodities for such a program iaevitably forces upon the producer the heaviest burden sf reconstruction an^ readjustment.” The report of the committee says the present situation was brought about by the following offi tial acta. “Restriction of credits. ” “Railing the rate of diecount on farm pro- dnct».” \Discontinuance of the War Finance Corpora­ tion.” The statements given out by the Secretary of tha Treasury, and Governor of the Federal Re- iitve Board and Federal Rererve banks have baen construed to the effect that commodity pricas, particulary the price of farm products, ware too high and that a pre-war basis, or an ap- pruximation of a pre-war basis of prices must be reached within a short time. The consequent e f­ fect of tnese utterences upon the member banks ef the Federal Reserve systems and tbe banking isdustry of tbe country generally was to cause them to withold accommodations because of the fear that tbe security taken would necessarily decline. GOV. SMITH ADDRESSES DEMOCRATS O? ELMIRA E lmira , N. Y .—The largest campaign crowd ef the year assembled at tbe Lyceum 'Thursday night to hear Governor Alfred E. Smith present lie side of the issues involved in tbe gubernat- eriai campaign and William Church Osborne talk on the national issues. Miss Harriet May Mills epeke on the inffuence of women in tbe coming election. John J. Crowley presided, and the platform was filled with prominent Democrats ot the city and county. At the opening of the meeting, Walter Herandeen, in behalf of the American Legion, spoke to the audience on tbe soldiers, Inos bills, and urged the support of the Demo­ crats. LEAGUE INVITES U. S. TO NAME REPRESENTATIVE WaihingtoD.—The of Nations Council has ofii- , dally invited the United States to appoint a rep- Rientative on the League Commission which is to undertake a settlement of tbe dispute between Finland and Sweden over the Aland Islands, it ■scstated at ihe State Department. As yet no American ^ representative on the (omvissian has been appoiatmens. ROAD BUILDING TO BE RESUMED Albany, N. Y,—Frederick Stuart Greene, high- commissioner notified Governor Smith that •tricta for new highway construction which _ ire suspended last April, will be resumedOcto- b«r 2d, when proposals will be received for 12 Ugkwsys. An elaborate construction program for ISil hsi been prepared, the commissioner stated. CoBmiitioBer Greene also said that in spite of hbor and material shortage the maintenance ■oik of tbs department had been snccessful. \Haitian Occupation I Britian Faces Starts Probe R e p o r t Upon the Work of yiarin e s on the H a n d of Beyond N e g r o e s “S h o c k s Expression'* W ashington . — Disclosure that a summary in­ vestigation of alleged “ practically indiscriminate killing” of Heilian natives by United States Ma­ rines was ordered by Major General Barnett, then commandant of the marine corps, was made Wednesday in publication of a report by General Barnett on operations in Haiti during the Ameri­ can occupation. Evidence at tha trials of two marine privates for the killing of nativeB\shocked me beyond ex­ pression,” Genera] Barnett said in a letter of September 27 to Colonel John H. Russel, com­ manding in Haiti, ordeiing an immediate investi­ gation with the approval of Secretary Daniels. It was at once carried out by Colonel Russel who submitted a report to tbe navy department March 20,1920, but General Barnett said,the report bad not been turned over to the marine corps head­ quarters up to last June when he was succeeded as commsadant of the corps by Major General John A. Lejeune. General Barnett’s report contains no indication of the result of the investigation for this reason as it covers operations in Haiti only up to the time be was relieved as commandant. CARPENTIER AND LEVINSKY DENIES FIGHT WAS FAKED New York.-Reports circulated in sporting circles and published in some newspapers inti­ mating that {he bout Tuesday night at Jersey City between George Carpeotier and Battling Levinsky was not fairly fought, brought strong denials from the principals and others interested in the contest. \Before 1 came to America,” said Carpentier in a signed statement, \I looked upon all Amer­ icans as the personification of fair play; of sportsmanship in the true sense. In fact, 1 thought America was the land of the square deal. You went to war to insure thq wnole world of fair play. I did all youasked me to do. I fought the man you selected for me to fight. And this is what 1 g e t—tbe fight is called a fake. \Give me a square deal. That is all I ask.” Levinsky’s statement said in part: ^ \It is not possible for me to do anything to prove that this cowardly attack on my honesty is undeserved. In regard to the fight, Iknow my vindication will come if ever Carpentier meets Dempsey. In the second round Carpentier hit me harder than I have ever been hit before. From that moment to the end of the contest, I was dezed.” John S. Smith, chairman of the New Jersey Boxing Commission’ expressed the opinion that the contest was absolutely honest. NATION'S WHEAT INVENTORY W ashington . —Stocks of wheat in the United States on October 1 totalled 608.000,000 bushels, the department of agriculture estimated Wednes­ day. This compares with 747,000,000 bushels ih the country on the same date last year. The total on hand the first of this month, the department announced, represented 477,000,000 bushels held by farmers, 102,000,000 bushels held at country mills and elevators, and 29,000,000 bushels held at other points of accumulation. Last year on October 1 farmers held 515,000,000 bushels, country mills and elevators 142,000,000 bushels and other points of accumulation 90,000,- 000 bushels. WANT TO STAY WITH AUSTRIA P aris . — Canvass of more than 36,000 votea cast in the plebiscite had on Saturday last at Klang- enfurt for tbe purpose of determining whether that district would remain a part of Austria or be given to Jugo-Slavia, shows a good working majority in favor of Austria, says a Havas dis­ patch. The count at the time of filing tbe dispatsh was: \For Austria,21,852;for Jugo-Slavia, 16.096.” CUBA REQUESTS FINANCIAL AID W ashington . - Cuba has appealed to the Am­ erican government for aid in its present financial difficulties. Officials will see if some plan of as­ sistance eannot be worked out. Industrial Crisis S t Hi H a V e H o p e ~^lediation I s P o s s i b l e A n d N a t i o n w i d e P a r a l y s i s of Business Be A v e r t e d L ondon . —The coal miners 'dslegates at a meet­ ing held Thursday in connection with the crisis resulting from the miners’ rejection o( the owners’ wage proposals, decided that the noiices of a strike, given some time ago, should expire the coming Saturday. This means that the great coal mining strike, whieh has been feared will begin next Monday, unless there is some new intervention to prevent it. L ondon . —The United Kingdom Thursday was faced with perhaps the most omnibus induatrial crisis in its history, due to the decision of the coal miners to allow the strike notict s to become effec­ tive Saturday night following their rejection of the compromise offered to tteir demand for a two- ehiliing per shift increase in wages. It seemed certain tbat unless the government or the mine owners conceded to the domands of tbe miners more than 8(10,000 miners would not return to the pits Monday, tt ereby throwing hundreds of Ihousands of workers in other indus­ tries out of work paralyzing the life of the country. No sooner had news of the decision of the Rjiners been received in the great steel district of Cleveland, Yorkshire, than tbe iron and sleei manufacturers there began preparations for clos­ ing the works. Ic is expected that if the strike materializes most of the blast and steel furnaces will become idle immediately. The official figures of iha ballot taken by the miners lo decide upon acceptance or rejection of the basic line of produc. ion offered by ihe owners beyond which an inccease of wages would he granted was given out as follows: For acceptance —181,428. This made a majority against acceptance 453,670. The meeting w s presided over by Robert Smillie. On its behalf a statement was issued announcing the deciaion of the executive com­ mittee that by virtue of the balloting the strike notices be^al owed to expire Salutday. It was then decided to send the result of the ballot and the conference’s decision to Premier Lloyd George. TO INVESTIGATE BOOT­ LEGGERS’ \CURB MARKET’ N ew Y ork . —Frank L. Boyd, supervising pro­ hibition enforcement agent for New York State, has received orders from Federal headquarters in Washington to investigate reports of the e x ­ istence of a \curb market” in contraband liquor in the Bowery, it was learned Wednesday. Pressed for confirmation, Mr. Boyd admitted he had beard about the matter. According to pubished reports, the traffic in liquor it) this seciion has become so thriving that the bands of bootleggers engaged in supplying saloons and speakeasies have bit upon tbe plan of modeling their market after the curb market of the financial district, in order to faciliate trans­ actions. TO LET GERMANS IN CONFERENCE Paris.—Exchange of views relative to repara­ tions continues between England, France and Belgium, it is said, and Premier Lloyd George persists in the belief that the Germans will carry out more williogly an agreement in which they have had a share in faiming. France and Belgium, it is indicated, have ac­ ceded to this view, and Gersians will probably b« admitted at the proposed Brussels confer* nee. They may also share in the dsliberations of tbe Supreme Council. TRAVIS TAKES BLAME FOR BONDS New York.—State Comptroller Eugene M. Travis took full responsibility for every sale of bonds to the State since he took office in 1915, when he totik the stand today in the John Doe in­ vestigation into conduct of his office. Purehase of almost $40,000,000 worth of bonds for the State sinking fund which aie alleged te have yielded Albert L. Judson, a dealer, more than $800,000 profit wene made with authority of tbe Comptroller, he testified, after signing a waiver of immunity. ' i-li 14 / ■■ 1 : M ij ii' it iBl ‘I n :

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