The Holly chieftain., 1922-06-08

would assume personal responsibility
for fixing minimum prices at the mine,
in order to prevent profteering. He
asked, however, that the operators
agree among themselves on fair prices
In order that the antitrust laws might
not be infringed. Mr.. Hoover then
announced what he considered fair
prices In three districts. These ranged
from $3.50 to $500 a ton for the Ala
bama district; $3.50 ton for the
smokeless coal districts of West vir-
ginia, and $3.50 ton for the Harlan
and Hazard fields of Kentucky and
the southern Appalachian fields of
Tennessee and Kentucky. The maxi
mum for the Alabama district is 25
censt ton below the final Garfield
wartime SCALE while the maximums
proposed for the other districts are
somewhat above the Garfield prices.
The prices are to apply only to spot
coal.
GERMANY'S reply to the ultima
~ tum of the allied reparation COM
hatocioh "db HCui CiipuSh " NohIHiClC
acceptance to satisfy that body, which,
after days intensive study of the
note, telegraphed to Berlin It's apprOv-
al Of the German promises to bal
ance the budget and to stop the issue
of paper money. The commission then
turned over to the committee of inter-
national bankers In session In Paris
the entire question Of German finances
and payment of reparations. Those
bankers, among whom Is ]. Pierpont
Morgan OF the United States, are now
studying the questions of Germany's
capacity to pay, the guarantees she
can give for the series of huge loans
that will be necessary, and, In cOnnec-
tion with the latter, the possibilities
involved in the Russo-German pact
The German proposals were drawn
up by Finance Minister Hermes and
are not at all liked by some other
members of the Wirth cabinet and
many members of the reichstag. The
SHINES group especially attacked
them MS surrender of sovereignty
that will bring on catastrophe. The
reichstag refused to pass vote of
lack Of confidence in the government,
but the cabinet is believed to be in a
shaky condition.
Lloyd George made statement on
reparations In the house of commons
In which he strongly intimated that
Germany would be granted reductions,
pOstpOnements and revisions when
these appeared necessary, and this
was greeted with cheers. France
naturally, is not pleased with develop
ments, but is not in position to object
strenuOusly.
ENATOR M'CUMBER'S bill for a
- soldier bonus was approved by the
sennte finance committee by vote Of
0 to 4, and he announced he would be
ready to make favorable report on
the measure to the senate within n
few days. He hopes to induce the
senate to sidetrack the tariff debate
long enough to pass the bonus bill, but
as the latter does not go into effect
until January ! next, many of the Re
publican leaders are opposed to this
idea. The Democrats. will support
McCumber's plan for immediate con-
sideration Of the bonus The bill as
approved by the finance committee is
almost identical with the bill passed
by the house. The Democrats are not
satisfied with 1t. and Senator Smoot
will try to have his Insurance measure
adopted MS a substitute, so the debate
/ In, tho fa 10 fn hn
one.
INVESTIGATION of war frauds now
is under way In Washington, the
first of the governments series Of
cases. dealing with contracts for dis
posal Of surplus lumber. having been
presented to the special federal grand
jury by United States Attorney Pey-
ton Gordon. Attorney General Daugh-
erty Issued n statement saying that at
no time during the grand jury investi-
cation would any information be given
out as to its activities or the names
Of the cases presented.
Meanwhile Senator Caraways and
others continue their attack on the
attorney general unflaggingly. with
the avowed intention OF driving him
out of the cabinet because of his con-
nection with the release of Charles w.
Morse from the federal penitentiary.
1t is stated in Washington that Presi-
dent Harding has full confidence in
Mr.. Daugherty's honesty and integ-
rIty,. which of course means that he
will not ask him to retire from the
| cabinet.