Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1922-10-13

cancellation of orders with entire alb
sence of fresh demands. On the Lon
don market Wednesday German marks
| struck a new low level. About 1000
/ of them could be bought for dollar.
| THE American Bankers associa-
i ton, in annual convention in New
York, was addressed on the subject of
the allied war debts by Rt. Hon. Reg
| maid McKenna, former chancellor of
Great Britain, and now chairman of
the largest bank in the world. He
said England was able to pay her
! debt to the United States in full and
would do so, but he suggested that
| the bankers use their influence in
favor of postponement of payment by
any others of our creditors. Mr. Nc
kenna warned his hearers that an at
| tempt to enforce payment of the war
! debt beyond the ability of the debtor
nations to. pay would be fraught with
| the most serious consequences for the
| United States, as well as the countries
of Europe. There would be an inev
| liable injury to the international
trade of the whole world, reduced
profits, lower wages, and unemploy-
ment, lower standards of living.
| AS a solution of the problem he
suggested that "a full and frank" con-
ference between the debtor and cred
| itor nations should be called in order
| to discover the exact amounts that
| could ultimately be paid by the ma
| lions unable to meet their debts in
full
| After warm debate, the associa-
| ton adopted by viva voce vote res
olution declaring that 'it viewed with
alarm the tendency toward the es-
tablishing of branch banking in the
United States and expressed it's oppo-
sition to any branch banking in any
form by either state or national banks
The banks of the towns and smaller
cities were far too strong numerically
for the big bankers who protested that
branch bank system must prevail. John
ID. Puelicher of Milwaukee was elect
! ed president of the association.
OVERNOR HARDWICK of
- Georgia was DESTROYS that his
state should be the first to have a
woman United States senator, so he
appointed to succeed the late Tom
Watson, Mrs. William FL. FELTON,,
eight--seven years old and dis
tinguished for her work in the causes
of temperance and woman suffrage.
AT the same time Mr. Hardwick an
nounced himself a candidate for the
unexpired term of Watson. The cleo
| ton is to be held November and
| there is no chance for Mrs. FELTON, to
| qualifys before that date by taking the
oath of Office in the senate chamber.
Authorities in Washington are wonder.
ing whether or not she will be en-
titled to the salary and to the frank
/ ing privilege and other prerogatives.
Anyway, she has the distinction of be-
| ing the first woman to be appointed
! United States senator with credentials
duly made out and sent to Washington
| by governor.
| THAT the prophecies of another
L coal strike next spring will be
! fulfilled was made fairly certain by
! the action of the policy committee of
| the United Mine Workers of America
! Wednesday, 1t reaffirmed the demands
| of the February, 1922, convention of
| the union in Indianapolis, demanding
| the continuance of the present wages
in coal mines until 1925, and, in addi-
| ton, the six-hour days and five-day
week, time and one-half for overtime
work, and double time on Sundays
and holidays
According to a bulletin sent out by
| B. NJ. Jewell, SO railroads, operating
| about $4,000 milessof line and employ
ing between $4,000 and 10000 mem
bers of the shop crafts organization,
| have settled the shopmen's strike with
| their system declarations. The latest
road to join the peace ranks Is the
| Chicago Great Western.
| FOREST fires in northern Ontario
| have destroyed the mining towns
of HaiIeybury. North Cobalt. Charl-
| ton and Heaslip, and several other
| towns have been partly burned. More
| than 5000 persons were rendered
homeless and there was considerable
| loss of life. Refugees from Haley
| bury arriving at North Bay said be-
| tween 80 and 100 persons were
drowned when they were crowded
from dock while irving to board a
rescue ship.
Northern Minnesota also is suffering
severely from forest fires, some small
settlements have been wiped out and
! many more are threatened.