The Brooklyn Daily Eagle from Brooklyn, New York on February 17, 1929 · Page 1
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The Brooklyn Daily Eagle from Brooklyn, New York · Page 1

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T TrT Tn (WW. mi SW FLUtfRTB TO. DAY; MONDAY, PARTLY CLOUDY, IOLLOWED BY SNOW OR RAIN jUjOj I rr 9 SECTIONS Volume W No. 41 TY, SUNDAY, FEBRUARY 17, 1929. 83 PAGES riV'C rPVTQ in oriir i bbvrn crNTS rlVC ll.illJ m you I ;vher A TT V ZOTiCT BOARDS WITH FAT FEES ROUSE PROTESTS Thousands Wasted by Not ; Giving Cases to City's Alienists Judges Name Relatives and Other Lay-men to Posts. By o. R. riLAT. Lunacy commissions are being appointed in ever Increasing numbers by the Ave county judges in Brooklyn with the result that the fat fees of the commissioners and the constantly mounting expense to the taxpayers has drawn a fire of criticism against the Judicial practice. Many thousands of dollars would be saved the taxpayers if the Brooklyn judges would have felons suspected of being insane examined in city hospitals by city-employed alienists as Is done by the judges in Richmond and Queens. In addition to the expense involved, outside agencies which have Investigated the lunacy commission system denounce it as affording an opportunity for nepotism, political patronage and "honest graft." They intend to go before the Legislature with a demand that the entire system be abolished. In the matter of expense, investigation by The Eagle reveals that in 1928 the Brooklyn judges appointed 23 commissions which cost the taxpayers $25,000. In 1928 they appointed 134 commissions at a cost of $140,000. Two out of every three defendants examined by the commissions in the last three years have been found sane. Relatives on Commissions. From the standpoint of patronage, the Investigation disclosed that relatives of four of the five Judges have served on lunacy commissions. The single exception is Judge McLaughlin. Other appointees included friends of the Judges and men with well-established political connections. To all of this criticism, the five Judges Algeron I. Nova, W. Bernard Vause, George W. Martin, Alonzo G. McLaughlin and Franklin Taylor reply, in effect: Although a law has been en- - acted which was intended to abolish the commissions by making it mandatory that judges ."shall" commit persons suspected of being Insane to Bcllevue Hospital or the Commissioner of Public Welfare, the old law never was repealed, the Kings County Hospital staff is not anxious or competent to handle the work and successive Grand Juries have found an escape hazard at the hosiptal. Relatives and friends have been appointed, the Judges continue, because in these appointees they have Implicit con-' fidence, the same reason given by Federal Judges in ' bankruptcy scandals. So far as the facilities of Kin"' County Hospital are concerned. Dr. I. L. Nasher, new head of the psyco-pathic ward, said yesterday that he had reported to Dr. Menas S. Gregory, in charge of psychiatry in all city hospitals, that "the ward Ls guarded better than most Jails." Four city alienists, none wltft less than 15 years of expjerience, he continued, are prepared and thoroughly competent to make promptly any mental examinations required of "them. Would Mean Big Saving. If the Judges acted in accordance ' with the most recent legislation in- Flcase Turn to Page 18. "LONE EAGLE" LANDS OFF HATTERAS AS FOG STOPS FLIGHT Raleigh, N. C, Feb. 16 (VP) The "Lone Eagle" tonight rested at the Hatteras Inlet Coast Guard station awaiting better weather. Forced down on the beach, 15 miles south of Cape Hatteras, this afternoon by fog and rain, Colonel Lindbergh added to the anxious periods of search that have marked several of his recent flights. For the second time in two days friends, officials and fellow airmen were given anxious moments. The Colonel left Charleston, S. C, at 6 o'clock this morning en route to Washington. He was due in the Capital City about noon, and after he was an hour or- more overdue search was started by the Govern' ment Lighthouse Service. REGIME OF RIVERA IN SPAIN TO END, FRONTIER HEARS Hendaye, Franco-Spanish Frontier, Feb. 16 (P) Word that the five-year dictatorship of Gen. Primo de Rivera may soon end was received here today from court quarters of Madrid and from persons close to the Premier. Primo de Rivera and his government showed strength in repressing the recent armed revolt of sections of he Spanish Army, but signs indicate that the Premier may bow to a growing peaceful demand that Spain be restored to a constitutional government. Fontball Star Widow Left Yale $3,000,000 Elmira. N. Y., Feb. 13 IP) Vale University is the beneficiary of a bequest estimated ' at $3,000,000 in the will offered for probate today of Mrs. Ray Tompkins of this city, who died Jan. 22 in Cannes, France. Mr. Tompkins, a famous Yale football star, died June 30, 1913, leaving his widow a life interest in his estate and directing that if no provision was -wade otherwise his entire estate was to go to his Alma Mater. Combined bequests in Mrs. Tompkins' will, which disposed of her husband's $4,000,000 estate and her own of approximately $750,000, give Vale a total al $3,000,000. Returns $6,500,000 Tax to Astor Heirs Federal Judge Henry W. God-dard in Manhattan yesterday signed a judgment order in favor of the Farmers' Loan and Trust Company as trustee, under a deed of trust of the late Lord William Waldorf Astor. and against the Collector of Internal Revenue, for $4,634,834.32, with interest from Aug. 1, J922, which will bring the total amount of the judgment to approximately $6,500,000. The trust forming the basis for the trustees' suit was established on May 25, 1916, when it consisted of about $20,000,000 worth of securities, for the benefit of members of Baron Astor's family. After his death the Government in 1922 collected $15,-961.321.34 as an estate tax against three trusts which had been made in this country by the deceased baronet. One of. these was the trust executed in 1916 and as to this suit for $4,971,560.61 was be-Run by the Farmer's Loan and Trust Company against the Collector. s E U.S. Federal Prosecutor Says Ancient Barrels Bring Fancy Prices. That pre-Volstead legend, "aged in the wood," still has a connotation in this era of statutory dryness, a suit 'now In .process in Brooklyn Federal Court has disclosed. But the legend has been revised, modernized to meet the exigencies of the times. It is now: "Made from the wood." Both refer to liquor. Before Prohibition octogenarians and other veterans of the past age recall, liquor was made mellow by being permitted to stand years in vats or barrels of wood. Now, according to Assistant Federal Attorney Morris Packer, the wood in which the last generation's liquor mellowed is induced to convey the ghosts of its absorption to fresh, green alcohol and the product, properly intensified as to color with a little burned sugar, is sold as "just off the boat or across the border." The whole story is contained in a complaint filed by Mr. Packer at the Instance of Federal Attornev William De Groot against 22 alleged members and employees of the firm of Glickstein & Turner, Inc., who own a two-acre plant at 240 to 246 N. 10th st. The avowed business of this concern is to sell any sort of bottle, barrel or cork the trade desires. Mr. Packer asserts they go further and supply labels and strip stamps. Explaning the genesis of the pendinj prosecution, Mr. Packer said last night: "A Prohibition agent called at the plant recently and contracted to buy a huge quantity of this whisky wood. He paid over some $2,000 and took away as his initial sample what is known as a single unit. That is the shavings of the inside ol three barrels which at one time contained booze and which is said lo be able to Impart to a mixture of 75 percent alcohol and 25 percent water a respectable whisky flavor when these shavings are soaked in it. The technical name for these shavings in the bootleg set is 'chips.' The price of one unit of chips is $132. "We're going to proceed against them under Section 18 of the Volstead Act. which prohibits possession for sale of preparations, concoctions, etc., designed or intended for use in the unlawful manufacture of liquor. Until two weeks ago, when we invoked it against Irving Marks, of 153 Washington Ye for his possession of a large qSrmtity of sub-formula toilet preparations which could be readily converted to potable alcohol, this section has rever been employed anywhere in the United States, so far as I can learn. Marks had a hearing before Federal Commissioner Wilson last week and has been held for trial by the Court." Harold L. Turk, counsel for the defendants, dclares the proceedings a "novel farce." "Why,'.' he exclaimed, "the Federal Marshal periodically sells at Please Turn to Page 2. 1 i N W 00 DISCOVERS Harvey, Fearing "Frameup," Gives All Property to Wife Boro President George U. Harvey of Queens last night admitted he has turned over all his property and his bank account to his wile to prepare against the possibility that somebody may "take a shot" at him. "Yes, I turned my property over to my wife," he said. "I have even gone farther. I have transferred my account in the Murray Hill branch of the Bank of the Manhattan Company over to my wife and have given orders to the bank not to accept any deposits from any one except myself or my wife. "I am doing this as a precaution against being placed In the position of receiving money from improper sources, as I have found out that any one can make a deposit in my name without my having knowledge of it." Defense Prepares Fight. The usual preliminary battle of technical motions which attend all felony trials were In the making yesterday by counsel for Frank Berg, Rockaway private detective, and Albert Levin, Kew Gartleua "manager," REED HAY HUME DNuIK WHO DRINK RUM Lets Loose Torrent of Scorn on Volstead Act and Predicts Its End. Washington, FeQ. 15 (IP) A tor rent of scorn and derision for Pro hibition and the disciples of Prohl- hlbltlon was loosed in the Senate to day by Senator Reed of Missouri. Delivering one of the few extended speeches of the session which ls seeing the Mlssourlun bow himself voluntarily off the stage of public service, he turned upon those who voted dry and drink wet with a fury which even he has seldom ap proached in the historic years of his turbulent Senatorial career. So scorching was his attack that the long-awaited Recd-Borah debate on Prohibition, the dream of those who love to listen to sharply-turned forensic thrusts and counter thrusts, became a possible oratorical treat for next week. At the request of Senator Borah, the Senate agreed to remove the limit on debate,. but whether the Idahoan will decide to reply directly to Stnator Reed on Monday was not luuy aiscicea. Calls Law a Crime. The Missouri Democrat contended that the United States ls in a- "reign of hypocrisy and cant, of violence, chicanery, false pretense and fraud," and predicted that the time would come when the American people would awaken to the view that "the prohibitory law is the worst crime that has ever taken place." He shouted that a man who voted dry but, nevertheless, drinks is "a coward a knavish coward!" and said he might in time make public the names of members of Congress whose personal habits are contrary to their sentiments as registered by thelr votes on Prohibition proposals. The Jones bill to Increase penalties for Prohibition law violators was the order of business in the Senate and under a previous agreement debate on .the measure would have been limited after 4 p.m. today. At the request of Senator Borah, four additional hours of unrestricted discussion was provided. Predicts Death of Law. As Reed warmed to his subject he predicted that in time the country will see the Prohibition law come "to an ignominious end." "The day will come," he thundered, "when the man who votes for Prohibition and who himself violates the letter and the spirit of the law will be held In that kind of contempt which ought to be visited upon the knavish hypocrite who masks himself behind pretended virtue and who seeks to hold office by virtue of his false pretense. Acidly the Senator told of drinking at the Republican and Democratic conventions last summer at Kansas City and Houston. He said that Just prior to the convention at Houston a boat was seized and great quantities of liquor were confiscated. "It was manifest to anybody but a plain, ordinary fool," the Mis-sourian declared, "that that arrest was arranged for. Thp. naners ! spread it broadcast that the Demo- crats wanted to have a convention where everybody was as dry as a Sahara Desert camel. In the note's everybody was informed the particular room where the liquor could be obtained." At G. O. P. Convention. ( At Kansas City, he went on, turning to the Republican's side of the chamber, "leading official Prohibitionists were paying the boys in the hotels from $7 to $10 a pint "for a glass of whisky that no respectable Missourian would ever think of drinking." There was laughter from floor and gallery and attendants hushed down this infraction of the rules. "The liquor was across the street from the leading hotels and could not have been there if the Republican Convention had not been there." Reed shouted. "Then these sniveling hypocrites adopted a piank In favor of Prohibition enforcement. I have sometimes been tempted to write a list of the names of men who vote Dry and drink Wet. I do not Know but I shall do it yet, "Prohibition is the breeding place or -crime, because there has been driven from the open into the dark tne uquor business, ' he declared. Liquor in Washington. "There has never been any attempt to enforce this law as we enforce the laws against murder, arson, rape or burglary. I have traveled extensively in the United States in the last 18 months. I never entered a State a rltu a town nr a village where I was' not tendered uquor ana wnere a lew minutes conversation did not disclose the fact that the distilleries were all around the towns and all around the villages and that liquor could be obtained anywhere. "There is not apollceman in a 'city of the United States who can-Please Turn to Page 2. who are under Indictment on charges of offering Harvey a $200,000 bribe to reinstate the old Phillips crowd as monopolists on boro improvement contracts. Their trial is scheduled for March 4. Anthony Horn for Berg and Dana Wallace for Levin were both mysteriously impressive yesterday on what they were doing and expected to do in connection with the mo tions they forecast. Wallace Indicated that during the coming week he might move for an inspection of ine grand urv minutes. A motion to quash the indictment on the grounds of. "insufficient grounds to constitute a crime" would logically I0110W. "I -can sav with eertalntv." de. clarcd Horn, "that I shall have an Important motion or motions to make before Judge Adel this week I am not ready to state Just what mey win oe as yet." il IIOtRS TO FLORIDA "The Mlmln. Lv. Prnn. Sti. 8;15 A M. daily to East Coa.it Retorts: OULF COAST LTD. lv. 9 15 A.M. daily to West Coatt RewrU. ATLANTIC COAST LINE, I W. 40111 St.. M. V. AdT, dent Mm Sr .eds to Save 40 On Ship in Distress Liner President Harding and her commander, Capt, William Rind. Rudderless Freighter, Radio Gone, Pounded by Heavy Seas in North Atlantic. U.S. Liner 300 Miles Away Rapidly Closes Gap. Another United States liner, the President Harding, plowed her way through the waves of the 'North Atlantic last night in response to a wireless call for help from the sea. Three hundred miles south of; Cape Race, Newfoundland, and 1,000 j miles east of New York was the American freighter Padnsay, rudder less, helpless, her radio apparatus torn away, and with about 40 souls- two passengers and a crew of be tween 35 and 40 on board. The Radio Marine Corporation at 10 o'clock last night received the following message irom the S. S. London Corporation: "Now in lati tude 4:30 north, lqngitude 49:50 west. Founa no trace oi s. s. Padnsay Now going to search to leeward." At 10 a.m. yesterday. Cant. William Rind of the President - Harding picked up the Padnsay's SOS, according to the Associated Press, and immediately changed his course for the indicated location of the freighter. Six hours later he re ported, by wireless that he had received no further word from the stricken vessel, but that he was continuing on. . May Reach Ship Today. By 4 a.m. today, he said, he honed to close the gap of 300 miles that lay between him and the Padnsay. The freighter's wireless, he thought, had been blown away. Because of heavy seas, the President Harding r.ad been making only about 12 knots. Somewhere out on that same storm-swept expanse was the famous giant Samaritan or the sea the United States liner America, under command of its young chief officer, Harry Manning, but no word hai come to indicate that the America had heard the Padnsay's distress call The America, which rescued the crew of the stricken freighter Florida In a storm several weeks ajo, was 700 miles from the Padnsay. Steering Gear Broken. The steering gear of the Padnsay presumably was broken sometime during the 36-hour storm that had been sweeping the Atlantic steamer lanes. Rain and snow, driven by winds which had approached gale force, were abating, although weather continued thick and a heavy sea was running. The offices of the Barber Line, Two Boys Ride to Death Over Pond on Bicycles ; Ice Gives Way Under Them " " 11 - - i One Loses Life as He Goes From Shore to Assist Chum Who Had Broken Through Two Other Pals See Tragedy and Flee One's Story Sounds Alarm. Lawrence, L. I., Feb. 16 Two boys were drowned today when Ice broke on a pond on the estate of Origen S. Seymour, prominent Manhattan attorney, on Broadway here. They were Frederick Ross, 13, of 605 Wanser ave., and Vincent "Snnno" TTnirmHmv 13 oft' i McNeil ave., both of Inwood. Humphrey was the first to fall in and Ross lost his life when he went to his aid. Humphrey was riding on the ice on a bicycle when the ice broke. Ross and two other boys were on shore. Ross Jumped on another bicycle and rode out onto the Ice. As he reached the spot where Humphrey had gone in, the ice broke under him and he, too, went in. The other boys were a younger brother of Humphrey and Richard Mitler, 9, of 226 Bay View ave, In-wood. After the tragedy, the two young ones ran. Mitler told Rich ard Presser wnat naa nappeneo ana Presser telephoned Lawrence police. Police Reach Wrong Pnnd. The incomplete information the Mitler boy supplied caused police IN THE EAGLE TODAY FIRST INSTALLMENT OF A GREAT NOVEL, "SILVER S 'P-PERS" (Page A Section F) THE ROMAN SITUATION, By H. V. KALTENBORN (Page 1 Section E) THE EAGLE'S AVIATION IN THE EAGLE TOMORROW EXPOSE OF ALBANY BASEBALL POOL SWINDLE LUNACY COMMISSION UNDER FIRE Second Installment Harding : a operators of the Padnsay, said the vessel's captain might be able to rig up a Jury rudder and fight the storm safely. The freighter had two passengers bound for Monrovia, Africa, and carried a crew of 35 or 40 The Padnsay, owned by the Amer ican West African Line, is 380 feet long and 2,977 tons net register. Photographers Record 5-4 Tests Under Sea Aboard U. S. S. Mallard Off Key West. Fla., Feb. 16 (IP) By using artificial lichts photographers today recorded on films the action of men conducting safety tests aboard the salvaged submarine 8-4. sunk in 3fc feet of water off the coast h.'re. Inclosed in a steel box with gla, windows on two sides, the photographers were lowered down alongside the submarine, where they obtained pictures of the men making their way safely from the undersea craft by use of a "lung" resembling a gas mask. ' Bizhop McConnell Urges Combining of All Creeds The combining of all creeds for the purpose "of fighting the common enemy of the world, secularisation and materialifm" was urged yesterday by Bishop Francis J. McConnell, president of the Federal Council of Churches of Christ in America. In an address at the "Saturday Non-Partisan Discussions" at the National Republican Club, 54 W. 40th st. Referring to the subjret under discussion, "How Can We Have Religious Co-operation With Uniformity?", Bishop McConnell declared that "the task of religion today is to transform the jungle of a person's life and make it into a paradise. "Our problem today," he said, "ls to combine all secular creeds. We must work together If we are to accomplish worthwhile results." . to go to the pond at Rockhall, the estate of Oeorge Hewlett, which adjoins the Seymour estate. When they found no sign of the boys there they hurried to the Seymour Pond.' . Detective Michael . Dillon started to walk on the Ice, which gave way under him. He was immersed to the waist and was helped to shore by Capt. Charles H. Mc-Kinney. Police hurried to the Rockhall Pond and borrowed a boat. Meantime firemen from the Law-rence-Cedarhurst department had arrived. Patrolman Bert Burdcll got into the boat and, breaking the Ice before him with a fireman's pole, finally reached the place where the boys had gone down. After 15 minutes searching he finally brought Humphrey's body to the surface. Ross' body was brought up an hour later. RECORD (Page 3 Section A) 51 CRUISER ISSUE U. S. Is Not Apt to Adopt Conciliatory Attitude With Present Program. K.nglr lliiroHii, t'lilornriti Hnllritnv. By HENRY SLYDAM. Washington, Feb. 16 An attitude of reserve hung over Washington tonight with respect to the announcement that the present British Oovernmcnt will Initiate further discussion of cruiser limitation, In the event that Premier Baldwin's ministry is returned to power in the approaching election. President Coolldge, for the obvious reason that he has but 18 days more in the White House, ls refraining from comment. Secretary Kellogg, for the same reason, is not discussing the subject, which, It is felt on all sides, is a matter for the new Administration. Even the Senate, which ordinarily bursts into print on sliRht provocation, ls not sprak-ing for publication. Senator Borah, chairman of the Foreign Relations Committee, said: "I hope there will be a conference, but I can't become Interested in the proposition until after March 4." Further than that Mr. Borah would not go. Official Silence Profound. On all sides there ls a "pro forma" declaration that the initiation of new discussion with respect to navies would be welcome to the United States, but the fact that the British suggestion is contingent upon domestic English politics, that it ls shot out in the closing stage of Mr. Coolidge's Administration, and that It is designed in part for home consumption, tends to moderate official American opinion on the sub.tect. An official silence so profound as to be almost without precedent greeted Sir Esme Howards en nouncement to the Amerlri press. There is a sharp opinion in the Senate that among tne motives which promoted this Interview is a desire in England to thwart the summoning of a conference on the freedom of the sis, In which. It has been indicated, Mr. Hoover is much Interested. There is a strong feeling that no further conference .should be held. at least prior to 1931, unless conti riential exchanges between Oreut Britain and the United States show that a formula for limitation of cruisers is possible The question of parity, which is of s ipreme political imnortance to Aiirflo-Amcrican re latlnns, ls still ciouded. While various Brltihh statesmen have admitted the -principle of equality as botwen the two navies. It Is far from evident that Great Britain would countenance an exact mathematical parity on the part of the United States. The delegations at Geneva in 1927 could not agree on the number of 10.000-ton cruisers to which each government should be entitled. Will Give V. 8. 33 Cruisers. Nothing ls known here as to the nature of the new British studies of riease Turn to Tage 3. PARAGUAY CHARGES BOLIVIAN TROOPS INVADE COUNTRY Washington. Feb. IV () The danger of a "new imminent conflict" between Bolivian and Paraguayan troops in the disputed territory between the two countries was set forth In information from the Asuncion Government mid available to the State Department today by the Paraguayan Charge d'AfTaires. The advices related that Bolivian troops were active in the middle Chaco and were advancing into territory held by Paraguayan troops. The telegram received by the Paraguayan Legation said in part: "Indians from that district are retreating before the advance of the invading troops and have taken refuge in the Paraguayan hamlet of Pozo Azul." HOUSE VOTES BILL TO DEPORT ALIEN RUM VIOLATORS Washington, Feb. 16 () Laden with provisions for the deportation of alien gunmen and liquor law violators, the Senate Deportation bill was passed by the House today and returned to the Senate for agreement to amendments. The measure as passed by the House was changed materially from the form in which It came from the Senate. It carried provisions for the deportation of persons found upon investigation to be undesirable aliens and put in this class violators or the white slave, narcotic, Prohibition and Immigration laws and those who are habitual criminals. Throngs Push In Rush to Belle Isle, Miami Beach, Fla., Feb 16 P President-elect Hoover returned to his pre-lnaugurai vacation home hare at 5:40 o'clock this afternoon from his Everglades trip, after almost being mobbed by an enthusiastic crowd at Fort. Lauderdale, where he stopped for a few minutes. Mrs. Hoover, who had Joined the President-elect at Palm Beach, was with him as the crowd carried them along for two blocks In Fort Lauderdale. Scarcely had the next President and the next First Lady stepped from the car before they were surrounded. The crowd broke through police lines and Secret Service men were brushed aside. In going into the Everglades re-tion yesterday with Governor Foyle Carlton Mr. Hoover saw the rehabilitation from the Hood of last September. South Bay was the first of the three flood-stricken towns rcuched. and Mr. Hoover loft his car to inspect the damage and the progress ot restoration. ,i GONCES I REICH PLEASED AS BRITISH HINT EASIER DEBT PLAN What the Reparations Experts Are Discussing Fourteen financial and banking experts, representing Britain, Italy, France, Germany, the United States, Belgium ond Japan, constitute what Is known as the Young Committee. They are meeting In Paris to complete the work begun by the Dawes Committee in 1924. They will determine the total Germany will pay In reparations and how the payments will be distributed. They will also consider plans for selling German bonds In various countries to ralso about $1,000,-000,000 In cash. SHEET EXPECIS Warnings of Inflation Hit Market Hard and Future Looks Gloomy. The bears raided again along the whole front of the Stock Market yesterday, and many millions in paper profits melted away before the onslaught. There was heavy trading in the short session yesterday, and In the brief two hours from 10 a.m. to noon, scared narrow-margin traders sold their holdings for whatever they could get, which was progressively less and less. Now and again there were rallies. That Is, the bulls stepped In with buying orders at the bargain prices and so prevented the bottom from dropping out of things. But all In all, it was a bearish holiday, and the prospect, as the last sale was made and recorded, was anything but bright for the buyers. Wall Street, chewing over the cud of the Federal Reserve Board's warning against speculative Inflation and the Federal Advisory Council's approval of that warning, expected a continued downward movement in prices for some time to come at least for the coming ween. Last Week Waa Worse. Yesterday's "break" was not as large as that of a week ago, fol lowing the Federal Reserve Board's first warning statement,, poksidjv it could not be prices had already Mid down and down, to a point where the more optimistic traders saw an opportunity to step In at an advantage. But still there were considerable losses. The chief cause of yesterday's drop and of the Rlooiny outlook for the Immediate future remained the credit situation, as it has been ever since the Reserve Board stepped in with its warning against inflation. That warning will not soon be forgotten. The higher discount rate in London will continue to hang lik'. a financial sword of Damocles over the New York situation. Any day now the bank rediscount rate may be raised in the United States to 5'i percent, the London figure Re-Fervc Bank meetings throughout t he-United Slntes will be carefully watched for possible increases in the rediscount rote, to be followed by a similar Increase by the New York bank on Thursday. The executive committee of the New York bank will meet tomorrow and that meeting also will bo carefully watched. Factors in Situation. Sales of government bonds, expansion of the spring demand for credit, liquidation of bankers' acceptances and higher ra,tes for these bills, together with the open market policy of the Reserve Banks and the withdrawal of loans by the member banks of the Reserve system, will all act as bearish ln-Jluenres. On the other hand, certain of the stocks are in good position to recover from the slump. Copper stocks led the rallies yesterday, and rteels are also In good position to recover. Certain banking interests expect a rise which will bring unprecedented new price levels. Such bullish prophecies are based not on credit conditions but on profits by corporations. As soon as the extent or these prctlts Is realized, these prophets hold, there will be a tremendous rally, not to be stopped until some time In the summer or fall. Firmer money rates by midyear, they expect, will bc?ln to have a depressing effect on such a rally w hen it comes. Police Aside Greet Hoovers Hoover is withholding decision of what part he will ask the Federal Government to plav in the Job of damming up and furnishing add'-tional outlets to Lake Okeechobee so that the' country will be made safe from further disaster. His party regarded It as significant that alter, he- had left Canal Point he stopped the motorcade to summon to his own car Representative Frank R. Held cf Illinois, chairman of the s House Flood Control Committee, with whom he colnferred for nearly an hour. The next President and Mrs. Hoover will spend the last day of their Florida vacation tomorrow quietlv. attending church services and having a few friends in for luncheon. They will leave Monday morning at 10 o'clock for Washington, arriving Tuesday. srw ropiisn rmcrn kdition or THE EAGLE ALMANAC Just publijhMl. A complete World, Nllnnl, 8tata tnd City Reference Buok. Al tagle otllct snd book Mlleri. 11.00; by B0. 1.10. Adf. CIIIED DIP IN STOCK FRIGES London Favors Provisional Accord and Hopes Thus , to Reopen Whole Ques. tion of Payment cf War. Obligations. KiiBle II ii rr im. f,:l Hnr C'nnibon By C.l'Y 1UCKOK. (.S'prctaJ Cahln to The F.agte.) Paris, Feb. 18 The Eagle learn that In the penumbra surrounding the official sessions of the experts' conference on relations the Germans have received encouragement to anticipate the possibility or an other provisional reparations accord w cover five or six jours, with payments possibly even larger than tiio present Dawes annuities, but compensated by the elimination of the troublesome prosperity Index ar.rt not committing them to a nxcil number of years. The Oermans ie rather happv at, such a prospect. On Investigation, these trial balloons rr traced to thf British side of the conference. Thcv are put forward not In the hope that they will be accepted, but that as an alternative the experts may fa a back on the present Dawes payments, agreeing to let them run without change another five or s. years. Would Provide a Pftext. It Is known that the British wool I not regret a breakdown in Mis Dawes plan. It would provide them im a preiexi, not. oi their o',v;i making, to force reconsideration of the whole plan or great International payments, Including the Allied war rlehf nut nf uhlrh llwir hope to obtain something moro aureeuoie to incmselvcs tlmn the present Buldwln debt settlement. The Americans are prepared t hlnrk provisional plan by referring to th expens mandate wnicn calls lor mini Beiiirmcni. ine present uawet 1)1 an is nrnvlnlnnnl anrl tm.rlran. see no reason for another of th same nature, at least until this ureuKS aown. TheV llltpnr! tA ivnlrl am, Infrlnr,-. ment whatever on the terms of their mainline, ior u ine door is opened to one extraneous element others Will U'Prlffft fhffir fav thmiirrk unH .....ou ...... .... vri.i, soon the Allied debts, the Rhtn evacuation and the whole heterogeneous collection of international ptmles will be on the table. V. 8. View In Matter. Although the Rhine evacuation Is not mentioned here, preparations are under way to bring It up collaterally at Geneva during ths March meeting of th Council cf the League of Nations at which tim It ls hoped that the expert' negotia tlons will be far enough advanced. The Americans feel that the rent key to success in the experts' discussions will be the dLscnvery of something that will enable Schacht ta return to Berlin and show the German Parliament and public opinion that he can substantially reduce next yeur's budget since nothing is so popular anywhere in Europe now as a chance to reduce taxes, however slightly. Although it Is officially announced that Monday's conference will bring the experts to the meat or their negotiations, this Is apparently over-optimistic. Mora sessions are likely to be occupied with "feelers" antt polite binning before they get down to hard pan. On the surface the Reparations Conference is expected to becoms stormy. More than once. In a l probability, Dr. Schacht, chief German delegate and director of the Relchsbank, is expected to leave tha table to go home to Berlin, giving somewhat the impression that tho conference is breaking up. In reality he Is going back tn report progress to a scries of non-polltlcal commissions formed by ln- dustry, labor and banks to tollow the conference from alar. Dr. Schacht will have a busy tw months. In Paris he will have U keep saying: "This is awful." But In Berlin they are already sure that it li awful. And Dr. Schacht must convince them that he Ls doing a wonderful job. In Berlin he must say: "This Is wonderful." Then ho must hurry back to Paris and Inform the other delegates that: "They won't accept it. I ma t get something better." The organization of this series ot labor, industrial and financial committees bock In Berlin is a very shrewd move on the part of U German delegation. It will enablts them to bring their organized public opinion into the conference, and to use it as a lever with which to pry more concessions out cf tht Allies. rians Kill Hie Air. Repirallons plans are fllllni tli air. But these plniis are not tha experts' plun. Although nobody has a preconceived general settlement in view, each interested nation has come t the table with ceita::i li:tle details, like bits of a piclur? puzzle. Thes little disconnected f:agmrnis they will cling to like grim death. "Make any plan you want to" ls the attitude. "But It nuust b? a plan into which tM little pet ldta of mine will fit. O. her wise we might as well adjourn." Practically all thi allies come ta the table in this frame of mind, Kr It is Germany, not t:iey, who des.ir.- a change. Thus far the Dawes annuities have been paid satisfactorily, and ther is a certain reasonableness in a willingness on the part cf France, Belgium, Italy and Lnglund to lot things rest as they me. Germany's first condition Is that she must know how long th payments are to continue, for though the Dawes Plan fixed the amount it left the number of annuities U be determined at a Inter date. to this the Allies have a ready replv, which most of them insist is final. Also Wants Fixed Annuity. ' We are perfectly willing that a time limit should be fixed," they say, "Let the last annuity Germany p'vvs us coincide with the last annuity we have to pay the United States mere trifle of 60 years from now." That the Germans will accept thl Please Turn to Th

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