THE ASHEVILLE CITIZEN
THE WEATHER
Nerjh Carolina: Generally fair and
colder Thursday, preceded by rain In
northeaet portion Thursday mornlnai
Friday (air.
COMPLETE Reports of
The Associated Press
Supplemented by Many Spe
dot Correspondents.
"DEDICATED TO THE UP-BUILDING OF WESTERN NORTH CAROLINA"
ESTABLISHED 1868.
" . ASHEVILLE7 N C, THURSDAY MORNING, DECEMBER 28, 1922.
PRICE HVE CENTS
llnrprtaintv Hancrina
)Over Results Of The
I Lausanne Conference
ONEAS
NESS
IS
AS
SPREAD
n
Finale in Near East Ses
sions Is Now Expected
Early Next Week.
ENOLANDWILL NOT
RELINQUISH MOSUL
llied Delegations Grow
Less Tractable as End
Approaches.
LAUSANNE. Iec. 27. (By The
uclated Press) Great uneasl-
f 'ricjSls spreading throughout Near
L Kast conference circles as the time
f approaches for a final reckoning
.n all Important questions, which
n unsettled, between tue
and the Allied powers.
, . ..I.
i ., &r '.v. ............ ....
merit today that ureat Hrnain win
not cede Mosul to Turkey and
iloea not propose) to discuss that
question further, was thesjforerun
ner of less positive statements
rora the other delegations.
The sub-commissions are mak-
-, littlo nmrrriM. Riza Mur Bey
as-less truculent today In the eub-
i'OtnmlSHlon un mmuimoa. iiicu
delegations are clearly becoming
less tractable In preparation for a
final and complete statement of
the Maximum they will yield.
The indications are that the finale
will comq early next week with an
uncertain outcome on capitula
tions, coptrol of the straits and the
rights of minorities,
Seemingly every one is Walked
nut and every foot of ground be
tween Mount Ararat and the Gar
den of Eden has been traversed.
Old Testament History
Completely Revived.
Old Testament msiory hm uocn
revived from Genesis to Malachi;
poets, historians, soothsayers, who
. . .t,.i- .nrntrr rtirectlv back
to Adam and Eve, have presented
claims: ecclesiastic, soldiers and
statesmen of many races, languages
and religions have been nearu. ine
hopper is filled to overflowing and
1 how the mill Is starting to grind.
J Kurds. Arabs. Assyrio-Chaldeans,
Armenians, Greeks, Turks, Bul
JAarlans and Russians are watching
'with tense Jnterest-as the Allied
leaders meet dally IB private con
ferences, which are really deciding
what the map ot Asia Minor shall
be. Lord Curzon, Marquis di Gar
roni and M. Barrere had a long
discussion today on casltulatibns
which, after Mosul oil, M probably
i he most stubborn question for
settlement.
The three leaders made no an
nouncement as to what decision
had been reached. It was made
-leur however, that foreign super
vision of foreigners tried In Turk
ish cnurta must stand.
The Turks are insistent against
lhis and will not even consent, to
have a probationary period fixed
so their courts may advance to
Western standards.
Meantime Censtantinople is be
coming more unsettled and Greece
and Bulgaria are floundering
along under the burden of miser
able refugees, who dread a re
sumption of hostilities between
Greece and Turkey.
All
2
Allied Delegates Are
lnlnly Discouraged.
I The Allied delegates tonight
vere plainly discouraged after sev
eral hours'- discussion with tne
PITCHED RATTLE
WAGED BEFORE
Lone Man in House
Stands Off Sheriff's Force,
State Police, Citizens.
BTEtTBENVILLE. O.. Deo. 27.
More than 1.200 shots were ex
changed tonight between deputy
sheriffs. State police and ne
citizens and Joseph Jones, 60 at
Follansbee, W. Va., after Jories
had shot Harry. Jne f .k
County deputy sheriff, and barri
caded himself-ln his home.
The deputy had gone to the
Jones home In response to a tele
phone summons from Mrs. Josepn
Jones that her husband was
Vratn1?icr her life.
.AAn.inv if Mrs. Jones
husband came home early tonight
and attempted to force her at ine
point of a gun to deed him three
v.,,.c vhirh mh owned. She re
fused and made her escape, call
ing the sheriff's office at Wells
burg. "W. Va. Deputy Sheriff Jones
and Lee- Chambers, chief of Police
of Wellsburg, hastened to the
home and found Jonea standing
on the front porch.. Jones im
mediately oaened fire, wounding
the deputy in the leg. About 20
shots were exchanged between
Joseph Jones and Chambers before
the latter retired.
. Taking the wounded deputy,
Chambers returned to Wellsburg,
where he secured six. deputy sher
iffs, two atata policemen, two ma
ins guns and ten not guns m
nin started for tna jones hbm.
volley- of shots from the house
wJL v
met the posse and heavy tiring
was Immediately opened by the
officers, who were Joined by arm
ed Follansbee citizens.
. The machine guns wre immedi
ately brought ..Into action and a
hail of bullets poured into the
house. Jonea kept up a steady re
turn fire from downstairs windows
and later from upstalrsv Officers
iMiimi Jones fired at leest 100
REGKGNING
1
PRISONER
L
COAL INDUSTRY
Corporation Commission
Makes Public Biennial
Report to Governor.
WOULD AMEND THE
NEW BANKING- LAW
State Regulation Motor
Vehicle Transportation
Is Suggested.
RALEIGH. Dec. 27. (By The
Associated Press) State regulation
of motor vehicle transportation,
Federal control of the coal Indus
try, amendments to the new bank,
ins law providing semi-annual ex
aminations' of all State banks, and
employment of an expert to relieve
"unsatisfactory handling of freight
shipments between points In North
Carolina, are recommended in the
biennial report of the Corporation
Commission made public tonight.
On September 15. 1912, total
banking resources in the State
were $254,588,817.07. being an in
crease of $241,366,312.95 over the
figures of December 2. 1899, when
the commission was given super
vision of all State banks, accord
ing to the report. This la a per
centage increaso of 1825 per cent.
In 1899, there was G2 State banks,
21 private banks and eight sav
ings banks, making a total of 81
banking institutions. The number
had Increased to 649 on December
1. 1922, it Is stated.
"During the year, 1 92 , IS banks
were authorised to begin business,
which number included seven
branch banks," the report reads,
"and, during the year, 1922, 19
banks were authbrized. which In
cluded 11 branch banks. .
Twelve Banks.
Consolidated during 1923.
"There has been a consolidation.
of 11 banks in 1921 and 12 in
1922, including branch banks that
have beea consolidated with their
home offices; a liquidation of two
banks in 1921 and three banks In
1922. wherein the depositors and
creditors of these banks were set
tied with in full: and four State
banks surrendered their charters
as State institution and went into
the national system during 1922;
none in 191.
"During the year, 1921, the com
mission cloied 12 banks. Involving
$2,352,251.49, and in 1922 'closed
five banks, involving $1,761,136.96
a total of 17 banks closed, in
volving $4,113,887.45 during the
two years. Of the resources in
volved an estimate of the total or
percentage loss at this time is
problematical, and varies in ac
cordance with the deficit and the
amount of capital stock.
"These failures for the most part
were caused on account of over
extended conditions, and shrink-
ago in value of assets held by these
banks. In a few instances, the
failures were caused on account of
dishonesty and bad management.
A number of defaulting bank of
ficers have been "prosecuted by the
department within the last two
years, and several are mow serv
ing terms in the State prison on
account of such defalcations.
AKgrogata Amount Involved
Comparatively Small.
"In the opinion of the commis
sion,'' the report continues, "the
aggregate amount involved In
ICuaimut m Mi Tmi
TA
OS
E B APT ST
ITAL BODY
Sprunts of Wilmington
Charter Steamship
Line at $100,000.
onsu saws bobuo
(t BROCK URKLMl)
RALEIGH. Dee. 27 An lmaort
ant charter Issued today Incorpor
ates the North Carolina Baptist
Hospitals, Ino., with principal of
flees In Winston-Salem, a non
stock corporation to be controlled
by the Baptist State convention
and which will "construct, own,
maintain and operate hospitals,
sanatorius and Informarles." .
Twelve prominent North Caro-
llnt RaDtists are the incorporators
and will serve as a board of trus
tees until the next Baptist State
convention when a governing bodjr
will be named by the Baptist or
ganisation. The incorporators are
B. F. Huntley, J. Wilbur Creks,
Egbert L. Davis and Mrs. Ruth
Rlddick, all of Winston-Salem; A.
Wayland Cooke, Greensboro; A. E.
Tate, High Point; J. H.-Bostic,
Charlotte; T. l. Johnson, Lumber
ton; Mrs. Laura Rose Vaughan,
Nashville; R. 7. Bateman, Ashe
ville; Zeno Wall, Goldsboro, Gil
bert T. Stephenson, Raleigh.
The Sprunts, of Wilmington,
chartered a new steamship line to
engage both in foreign commerce
and coast-wise trade. The corpor
ation Is known as the Cape Fear
Shipping and Trading Company,
North Front Street, Wilmington,
and It has a paid in capitalization
of f 100. 000. It is authorised to
"take, bold, and lease or charter
one or more steamships or other
vessels and to operate them under
the American flag or other -wise,"
between the . port of Wilmington
and forefgn ports and In coast-wise
trade.
The Incorporators are James
Sprunt, William Sprunt, T. E.
Sprunt. J. T..Lwrnce and Walter
H- Sarunt.
FEDERAL G01MTR0
RECOMMENDED
GRANT
EDCRARTER
3F0E I CO.
FOLKS. HANT
70 call youff
AT TENTON ro
a few of rue
tHs youRc
Q0H$ T0?m
MEM BE ft NE BY
G1VEEHI THE
ONCE CVEK
HOT 20 BAD.
E WHAT?
PLAN TO RESIST
E
ONE Till MR
McKoin First Angered,
Now Treats Arrest Order
ed by Parker Lightly.
BALTIMORE, Dec. 27 Cap
tain George G- Henry, chief in
spector of the Baltimore police, re
ceived a telegram tonight from
Governor John M. Parker, of
Louisiana, asking that hearing in
fha jent of- habeas corpus, ob
t .-rifled by counsel for Dr. McKoin,
be held up Until officers arrived
with extradition papers.
The writ was obtained In an ef
fort to obtain bail for Dr. Mc
Koin, who was arrested here yes
terday after a telegram was re
ceived from the Louisiana gov
ernor requesting that the -former
be held on a charge of murdetj In
connection with the Morehousa
parish murder an' kldnaplngs.
Hearing on the writ is scheduled
for tomorrow.
Requisition papers iaaued by
Governor Parker on Governor Al
bert Richie, for the return to
Louisiana, of Dr. McKoin, are not
expected to reach here f of two or
three days. Governor Ritchie to
day asked what, action he would
take said he would await receipt
of the papers before issuing a
statement.
Meanwhile friends of Dr. Mc
Koin are rallying to his assistance.
Money and Moral Support '
For MoKoln Pledged
Telegrams were received today
from many persons pledging their
moral and financial support.
Among them was one from two
physicians, signing themselves as
fellows of the American College
of Surgeons, composed of many
leading men in the medical profes
sion.
Another telegram from the
Central Savings and Trust Com
pany, of Mer Rouge, La,, offered
to deposit any amount of money
In a local bank in' an effort to ob
tain release of Dr. McKoin.
Dr. Hugh Toung, head of the
Brady Institute, of the Johns
Hopkins Medical School, with
whom Dr. McKoin has been asso
ciated since he arrived here last
October 1, made public the tele
gram received.
In an interview witn newspaper
men prior to his arraignment in
police court this morning. Dr. Mc
Koin started he was unable to
throw any light on the deaths of
Thomas Richard's and Watt Dan
iels, whose mutilated bodies were
found several days ago in Lake
LaFourche, near Mer Uouge.
While angered at his arrest. Dr.
McKoin la incline o treat the
matter llfHitly. He said he could
aocount for every hour prior to the
kidnaping of the murdered men,
and every minute since their mys
terious disappearance.
MoKoin Never s Klansmaii,
Not Asked to Join Them
Dr. MoKoln reiterated he was
not a member of the Ku Klux
Klan. Neither had he been asked
to Join the organization, he said.
"In fairness to them, however," he
added, "I must say they have done
much good work in the matter of
ridding Mer Rouge of undesirables.
I do not mean to say that they
have driven people out of town
On the contrary they have, by the
use of common aense, talk ana
tact, made good men of Individu
als who undoubtedly would have
landed in Jail sooner or later."
Former United States District
Attorney Robert R. Carman, of
counsel for the accused, stated he
would fight any effort to extradi
tion by the Louisiana governor.
TRAII. masked men took
FOLIOWED BY ACTHOKITrES
BASTROP. La. Dec. 27. Civil
and military authorities today fol
lowed through the low red hills
and swamps of Morehouse parish,
the trail they believe was taken, by
the masked men on the afternoon
and night of August 24. when Ave
men were kidnaped a.nd two mur
dered. -
The trail covered a distance or
25 miles from a point on the
Bastrop-Mer Rouge -highway,
where the men were kidnaped to
a ferry- landing at Lake LaFourche
near where the bodies of two of
them were feend last week.
The recoKo!er" were seeking
I i .1 - - '-T-r ' l --IsT saw t- i M I i . I 1 I ! n r U J I I 1. V I
XTRADIT ON
0
OUR LEGACY
BY: BILLY BORNE
! xm Mm
'111 TO
Mm: w.
w$XS&y ICGLUMBUS SCENE
nrffoLOFjlfl(OLESALE
North Carolina Quota to
Wilson Fund Mate
rially Increased.
WASHINGTON, Dec. 27.
Wood row Wilson in expected to
spend the greater part of his 60th
blrthd8r tomorrow quietly in h's
"S" Street home, though it is un
derstood he probably will receive
a delegation duriner the afternoon.
The Woodrow Wilson Founda
tion, it was announced tonight, will
send a delegsttoif) to th residence
of the former President a t 3
o'clock to eirtenj birthday greet
ings. and inform him of progress
In its efforts to raise a Jl.000.ooo
fund to advance Ideas enunciated
by him while President.
RALEIGH, N. C Dec. 27-
Contributions to the Woodrow Wil
son Foundation materially In
creased 1 North Carolina's quota
yesterday and the total for the
iewl
state will be announced in
days according to Mrs. Josephu
Daniels, chairman of the Wood
row Wilson Foundation" In North
Carolina. i !
Mrs. Daniels made public a tele
gram from Hamilton Holt, chair
man of tho movement in the na
tion In which he said:
"Congratulations to North Caro
lina. Permanent record of foun
dation W'U reflect great credit upon
your good ttate."
MEDICAL SCHOOL
fULAR APPEAL
Special Committee of Uni
versity Trustees to In
vestigate Soon.
eiTiza vsws arista
TARaoaaros aorat,
(Ht BROOM, BiHKLBYt
RALEIGH, Dec. 27. Three de
nominational . college presidents
put their okay on the eight mil
lion dollar medical college project
following a conference with Gov
ernor Morrison today. The con
ference was upon the Invitation of
the Governor who wanted to ex.
plain the whole scheme to Presi
dent Martin, of Davidson, the
Presbyterian boys' school of the
State; President Harper, of Elon
the Christian College, and Presi
dent Binford, of Guilford.
The Governor will confer soon
with President Potest, of Wake
Forest College, who is now in New
Tork. Within a few days he will
call a special meeting of the com
mittee of university trustees, who
are to Investigate the prospects
ana make a recommendation to
the full board ot trustees.
Support of the scheme by the
trustees seema probable, so that
there appears to be little doubt
that it will go before the general
assembly at the coming session.
A decided change in sentiment to
ward the project is reported with
the clearer understanding as to
Just what Trinity proposes in the
way of turning over Its million
dollar building fund and three
million dollar endowment and an
nouncements as to the State
reached In consideration of the
plan.
. That Trinity's action would
amount to a virtuat gift of four
million dollars to the State for the
construction and maintenance of
the school and hospital upon con
dition that the State appropriate
a smaller amojint Is the announce
ment of officials dealing with the
proposal. About the only string
now tied to Trinity's offer is the
location of the institution at Dur
ham, as it offers to place the op
eration of the college entirely un
der the Statw's controW with the
board of trustees appointed by the
Governor and confirmed by the
Senate. -
PLANNING FOR POSTAL
EMPLOYES CONFERENCE
RALEIGH. N. C, Dee. Vt.
conference of postal employes un
der the personal direction of Dr.
Hubert Work, postmaster-general,
will be held' in Raleigh, January
1. It was announced here today.
Arrangements are being made to
accommodate 1.200 or more postrl
employes of the state, according
to W. B. Duncan, postmaster at
Ralelah V
LAN
GROWS
V.
ULV1 BfST-Ttiri PrXWS,
rCftL
COX- it BEET D-
viFi DPME.NT
NV4 KtHlLWOrVTrt
HOTEL
CITY pLANNmbCOrt.
mcmm SCHOOL BLDGS
MORE PAVED 5TRftT3
KE VIEW DEVElOr
HENT
Will
PL
OT
Allege Homes of All City
.Commissioners and
uthers Are Marked.
i
dOLUMEUS, Ga.. Dec. 27. This
city was stirred as it had not been
in years when announcement by
officials was made late today of
the discovery of an alleged plot to
blow up the home of all five of
the city commissioners, an apart
ment house, and a factory. The
authorities have taken precautions
to prevent the carrying out of the
schedule of murder and destruc-.
tlon.
The county grand jury will meet
tomorrow morning to make a full
investigation of the affair, it was
TTtl
DYNAMITING
announced tonight. The names it)repWj,s commission thaf
. . 1 fiarmanv hurl riflfAiiIr in thm da-
several persons, believed to have
information . regarding the plot.
were placed into the hands ol the
roreman of the Jury by the city
commissioners, and It Is expected
they will be subpoenaed to appear
before the. body
The active plotters, according to
the police, are about a dozen men.
criminals, anarchists and persons
who are believed to be enraged
over the strict enforcement of the
prohibition law here. They have
in their possession 100 pounds of
TNT, enough to wreck wholesale
destruction, according to inform
ation in the hands of city authori
ties.
Tonight the homes of the five
city commissioners, the Dimon
Court apartments, the largest
building of its kind in the city,
and the factory of the National
Show Case Company, of which
Mayor J. Homer Dimon is presi
dent, are all under guard, . while
the city is at high tension.
While these precautions have
been taken, officials do not believe
sny attempt will be made tonight
to carry out the plans of the al
leged bomb plotters, because of the
publicity given to their scheme.
Police officials say the plotters
met last night in a local cemetery
and mapped out thefna- 'or
tack. They charge that among 12
men- attending the meeting were
members of the police force, mal
contents, criminals, and one or two
persons from the Alabama clues
across the Chattahoochee River.
Discovery of the plot was an
nounced at a citizens meeting at a
local hotel this afternoon, follow
ing a session of the city commis
sioners, at which time Judge
George P. Munro and Foreman
Frank G. Lumpkin, pf the grand
Jury were called into conference.
A verbal resolution was adopted
at the meeting requesting the city
commissioners as the constituted
authorities, to .meet snd recom
mend sny eteps they might deem
necessary to forestall violence. The
aid of those present was pledged
to the commission In the fight
against the lawless elements.
TWO LOSE L1VE8 IN
FIRE; THIRD MAN SOVGHT
GA8TONIA, ' N. C Dec. 27.
Search continued tonight for E. J.
Eddings, who Is believed to nave
burned to death in the fire which
today destroyed the Underwood
boarding house and property of
the Oamlbrill and Melville Mills at
Bexsemer City, near here, snd in
which John D. Hough and his
stepson. Mack Hopper, lost their
lives. ,
Irs. Hough, wife of the dead
man, remained In a serious con
dition at a hosmiUl here tonight
as the result of Injury sustained
when she leaped from a second
story -window and struck a fence
paling.
Damage to cotton stoca ana
property was estimated between
125,000 and $30,000.
24,000 ARE EMPLOYED
BY STATE CO-OPERATION
RALEIGH, N. C. Dec 27
Twenty-four thousand men nd
women ware given employment 1i
North Carolina daring the past 12
months through the contperatlou
of the i stats and federal govern
nent in the employment service of
which M. L. Hhlpman Is director,
according to the summary of em
ployment statistics made by Mr.
Shlpman today. Actual place
ments totalled 24,2(1 againat a
total registration of It.tSI. Re
quests for help during the period
totalled 14,721,
First Official Disclosure New
International Conference Is
Being Sought Made In Senate-
E
SEIZE GERMAN
STATE FORESTS
Will Present Plan to Take
Them as Guarantees Fol
lowing Default.
WILL BE ISSUE AT
PREMIERS' MEET
French Contend Now Qer
many Would Resist All
Her Obligations.
PARIS. Deo. 27. (By The As
Hoclated Press) Premier I'olncare
plans to follow up the rrsnrntions
commission's, decision declaring
Germany in default of her wood
deliveries. Iiy presenting to the
Allied premiers' meeting here next
week a sclinme for taking over the
German state forests as a guaran
tee. If opposed. It Is understood,
France Is preaared to set alone.
It is now feared that the British
and French altitudes will he as
far apart then as they were when
the recent London conference ad
journed. Sir John Brandbury went
to London today to confer with
Prime Minister Ronar Law and
other members of the government
on the effect of the reparations
commission's action "and on the
question of (he gennral British
policy toward the premiers' meet
ing. Sir John's reasons for refusing
to support the default vote were
that certain extenuating circum
stances entitled Germany to more
lenient consideration and that fur
thermore, the Allies had previous
ly agreed on a course less radical
In the event of Germany's failure
to make the deliveries.
France's victory in the repara
tions commission vote is ascribed.
to the personal efforts of Premier
Polncare, who is said to have care
fully planned a coup.
' The commission's sudden decis
ion too( not only the Americans
but Frerfch political circles by sur
prise, since It was generally un
derstood that the commissioners
would take no decision until after
the premiers' meeting. .
The notification of the Allies by
Germany had defaulted in the de
livery of telegraph poles' snd lum
herprovlded for In the scheme of
payments and deliveries on repar
ations accounts, fixed on May 19,
1(21, is regarded in Franch of
ficial circles as making applicable
the article of the Treaty of Ver
sailles authorizing the Allies to
proceed to take repralsals and put
Into force economic and financla.1
measures as a penalty.
The matter will come up before
the conference of premiers next
Tuesday when Premier Polncare
will propose that the Allies In turn
formally register Germany's de
fault but reserve the question of
the applicability of the penalties
clause of the treaty.
The French government will
maintain at the premiers' meeting
that Germany's failure to deliver
the lumber and telegraph poles
-1cim rm fi
STATE'S AFFAI
MAY S1W0THE
RINT
NG
Governor Is Too Busy
Now and May Not Con-.
sider Complaint.
ermas bbwb bcnbau
TABBOBODOB SOTB1.
mock UniLi.Br
RALEIGH, Deo. 27. Busy days
for the Governor and other offi
cials of State, comprising the state
Printing Commission may postpone
Indefinitely, and probably deny al
together, official consideration of
the complaint of Edwards and
Broughton. local printing house.
concerning responsibility for proof
reading and alleged discrimina
tions in printing orders as regis
tered in the recent controversy be
tween the firm and the State
Printing Commissioner and his as
sistants.
Governor Morrison has refused
to make anv statement relating
to the controversy, and when asked
today If he proposed railing the
printing commission together for
consideration of the printing
houses complaint replied that he
did not care to make an announce
ment. However the Governor who la
chairman of the commission and
the official who would call a meet
ing, is busy with the preparation
of his annual message to the Leg
islature, the medical college pro
ject, snd a dozen other Important
matters, and. with the legislature I
convening next week, little time
seen which can be devoted to
such a subject, looked upon by sev
eral in official circles largely as a
local business matter, that can well
afford to wait in view of the press
ing demands of State affairs.
The controversy has quieted
down now, in the absence of a re
ply by Printing Commissioner M.
U. ghipman to tne last say-so oy
President Smith of the printing
house. But there Is no guarantee
that it will remain quiet. In fact.
reports have been current that ef
forts have been made to get the
Legislature to look In on the
squabble. But the Legislature, too.
will be quite a busy body. Not a
vary opportune time was selected
for breaking the row if any one
wanted officialdom to give it any
ffleial consideration.
POIfJCAF!
WOULD
?JffSeBr
Senate Delays
Conrad W. Crookcr.
An appeal to the Massachusetts
courts to unseat Senator Lodge Will
be taken If the Senate committee
on privileges and elections delays
hearing the petition filed with
Vice-President Coolldge. by Con
rad W. Crooker. Crooker Is at
torney for John A. Nlcholls, Pro-hlbitlon-Progreeslve
candidate
against Lodge, at the recent elec
tion. He threatens, immediate ac
tion If the Senate refuses to act.
Forecasts Trip forBonar
Law if Labors of First
'Body Successful
WAUUK, -Uec. II. ly inn
sooiated Press,) The v British fi
rs ncial mission" to fii tJnltel
States headed by Stanley Baldwin,
chancellor of the exchequer, sailed
for New York this morning on the
liner Majestic, Besides the chan
cellor tin party included Mrs.
Baldwin and daughter; Montague
C. Morgan, governor of the Bank
of Engand; Rowe Dutton, flnan"
rial adviser, and P, J. Grlgg, of
the treasury.,
it Is expected the mission will
return about the end of January,
In a statement to the Evening
Standard today. Mr. Baldwin point
ed out that under the present ai
risngementfc Great Britain's pay
ments to the Ur'ted States would
amount to between 60,000,000 and
70,000,000 pounds sterling an
nually.' ''We hope to fund tnls debt," he
said, "and get the burden of inter
rut eased. If It is successful I hope
America will be kind to a much
more Important mission which Mr.
Bonar Law is shortly to under
take." The Evening Standard says this
latter refers to a reparations
M'ttlemenl. The chancellor added
that it is of supreme importance
to Europe that America would
have her say as regards Europe's
financial problem.
Mr. Baldwin's statement follows:
"My mission concerns our I. O.
I'.'s held by the United .States and
U a delicate one. We are is the
position of debtors. We must
triad warily. Nevertheless we hope
to persuade the United states gov
ernrnent to come to a permanent
settlement on the terms of our debt
to America, of something like
95ff,000.00fl pounds sterling.
"At present a law or congress
provines mat this must be repaid
witnin Zi years at 4 1-2 per ceni
interest. i nts would mean an
annual payment by Qreat Britain
of between 60.000.000 and 70,000.
000 pounds sterling, a very heavy
Item in our budget. We hope to
iuna mis aent ana get the burden
of Interest eased, but of course, the
jasi word is with America.
If we can effect a settlement
on such a matter we shall set an
example to Europe, an exampla
wiut:u mipni wen oe an augury for
the settlement of even greater
I roblems than this one interna
tional problems.
if 1 rm successful I hope
America, having seen the result of
one mission, win be kind enotiKii
to the much more important mis
sion wnun Air. Bonar Law is
miomy io undertake (the word
reparations' was here parenthetl.
rally Inserted by the newspaper)
and which Is more dlfileult than
mine.
"It Is nf supreme Importance to
Europe tl-at America should have
""j in in many perplexing mat
ters now engaging the attention of
GRACE LINE STEAMER
STILL HARD AGROTTND
CHARLESTON, a o.. Dec. 27.
The Grace Line Steamship Santa
Rosa from Chile, with a cargo of
nitrate of soda. Is still hard
aground by the bow. off Morris Is
land, with five tugs standing by to
float her. The coast guard cutters
Yamacraw and Modoc are reported
to be standing Into the Santa Rosa
for tha-purpoae of aiding. The
Santa Rosa grounded Tuesday, but
the position of the vessel at this
time is not considered dangerous.
She earrles a crew of 41 men.
Officers and crew of the steam
freighter are still on board. The
next effort at floating will be
made at high tide after midnight.
Today 'a efforts were futile.
ft
BALDWIN LOOKS
FOR REPARATION
M SSI TO U. S.
TLODGE REVEA
S
Does Not Oppose Flan In
Principle but Wants
It WeJllDefined.
BORAH FORECASTS
ANOTHERBIO WAR
Says Present Conditions
Will Bring One in Year,
Entangling U. S.
WASHINGTON. Dec. 27. (By
the Associated Press.) The first
olTtcial disclosure that President
Harding Is negotiating toward an
International conference for tha
consideration . of European eco
nomic problems was made by Sen
ator Lodge, ot Massachusetts, Re
publican floor leader, during open
debate in the Senate today on tha
proposal of Senator Borah. Re
publican, Idaho, for the President
to call an International conference
to discuss econotnlo conditions and
armament. In opposing the Borah
propsml, which Is In the form ct
an amendrnent to the NavJ Ap
propriation Bill, Senator Lodge
urged that the President be not
embarrassed "in the efforts
which he is now making as a mat
ter of fact."
Senator Lodge did not oppose
the calling of an economlo confer
ence but said it should be careful
ly and strictly defined with such
questions as reparations and allied
debts, and that Immigration be
specifically excluded from consid
eration. . . .
' The State Department, which
has consistently maintained 111 :ca
declined to add anything to the
statement of Senator Lodge, but it
was learned that President Hard
ing was considering' aj-liusly
transmitting a letter to tb Senate
giving information of his negotia
tions and at the same time fplor
ing any Congressional intervention
which might hinder his efforts.
Important Details of Scheme
Remain t'ndlBeJase,.'v-At. - s:
It Is understood that ."through
the State Department, the Presi
dent has bean "sounding out" sov
S1 Jojyra ragsTdins:..the deaa
felllty of holding an economio con
ference. Whether the proposed
conference would be called by or
held In the United States or wheth
er tins nation would be a par'lcl
pant were, however,. 'Importa-it.
details not disclosed. Secretary
Hughes conferred with, the Presi
dent at the White House lata to
day, but no announcement . was
made at Its conclusion.
The Borah amendment was' dis
cussed for four hours in the Sen
ate. Senators Lodge and Lenrnot,
Republican, Wisconsin, opposed
and Senators Borah and Williams,
Democrat, Mississippi, supported"
the propogal. No action was
taken and further debate went
over until tomorrow. The open-
ins- debate on the amendment de
veloped the full fores of adminis
tration disapproval for It as draft
ed and also bi-partisan support
and onnosltion.
Administration leaders mappeo.
out a program to defeat tne
amendment on a parliamentary
BIG INCREASE IN
CAPITA
STOCK
OF MILLS ASKED
Charged With Using
Stock Increases to 8
, cape Corporation Tax.
RALEIGH. Deo. 17. A ood of
charter amendments from cotton
mills into the secretary of states
office, providing for heavy in
creases In capital stock, is being
channeled around Uuole Sam's
corporation tax system, according
to explanations here by person
familiar with the plan pursued by
the mills.
Through the stock increases, th
mill corporations are issuing their
surplus in stock dividends and
thereby getting around a system
of taxation that has been heavy on
them, it a said. A dosen or mora
of the larger mills of the state re
cently have procured amendments
to their chatters permitting enor
mous increases. Many of the mills
that formerly had a capitalization
of four cr five hundred thousand
dollars have run their authorisa
tion up to a million ami in some
instances to two millions, while
even larger mills have made pro
portionate Increases.
Surpluses and heavy Incomes
thst would have been reported for
collection escape the fedwal tax.
It is expected, while money Is madj
cvallable for further expansion of j
the plants and the stockholders
Increase their holdings in the cor
porations. Another charter amendment was
Usued a cotton mill today, provid
ing for an Increase in the capital!-
w.tlon of the Smitherman Cotton
Mills, of Troy from $160,000 to
4350,000. . .
Through another charter today.
Western North Carolina lfnes up
1th the Sandhills In the forma
tion of large and substantial com- I
panles for horticultural develop
ments. The Boon Trail Orchard
Company, of North Wllkesboro. I
with a large list of substantial men I
of agricultural Interests as lncor-1
poratoi-s. lias a- paid In capitalisa
tion of $23,000 on a hundred thous
and dollar authorised capital stock.
I' will specialise in the growing!
nf apples, reaches and other fruits. I
tpMiBU pea rttt omj
epuTMr r put i n
Gunu.iL Nuniwu m
BORAH PROPOSAL 1
i .
a