The Holly chieftain., 1923-11-15

3 IOr lnankSSlVlnRs OlnnefS.
Fields in Kentucky and Whitefield II,
Mississippi. and Tammany was victori-
GUS in New York city. routing both the
Republicans and William Randolph
Hearst in the judicial contest.
In the next congress the senate will
have 81 Republicans. 43 Democrats
and 2 Farmer-Laborites. The lineup
In the house will be: Republicans 225,
Democrats 205, Socialist |. Independ-
ent l. and Farmer-Laborite la Re
publican majority Of II. with two va
cancies still to be filled.
Senator-elect Dale is dry and de,
feated an avOwed wet. but In general
the results were accounted victory
by the anti-Volstead law element. This
was especially true in Maryland and
Kentucky. In many localities the ku
klux Klan was an issue. and in most
cases the Klan won.
GOVERNOR WALTON Of Oklaho-
NJ ma sought the Intervention of the
federal courts to halt the Impeachment,
proceedings against him. but this was
denied by Judge Cotteral at Lawton on
the ground that the court had no juris-
diction In the case. However. the gov
ernor was granted new hearing al q
date not yet set. Meanwhile the trial
has begun and Walton has appeared
before the senate court through c0un-
sci and pleaded not guilty, making .
sweeping denial of all the charges. The
governors lawyers insist the court
shall hear all the evidence on ah'the
charges before voting on verdict
IN A report to the President the War
Finance corporation asserts that the
solution Of the wheat problem requires
the adjustment Of production to Amer
ican needs II the world market 10 over
supplied from other producing coun-
tries at lower prices than are salts
factory to American growers, and the
development of an improved marketing
system. The latter. the directors Of
the corporation think. can be brought
lucers Of the country for the purpose
of marketing their wheat under the co
operative marketing plan. making 1t
unnecessary to rely so completely upon
the uncertain functiOning Of the specu-
lative public contract market.
The report expresses strong opposl-
tion to the various proposals looking to
an increase In the tariff on wheat. gov
err nent price-fixing and government
purchase of surplus" wheat.
a FTER hearings in the branch
"A banking controversy. the federal
reserve board has ruled, as condi-
tion Of membership In the reserve sys-
TEN of state banks, that the applicant
agree to establish no branches except
within the city where the parent bank
is located. This policy goes into effec,
February l, 1924. resolution adopt.
ed by the board declared that estab-
lishment Of branches by state banks
produced an inequitable situation for
national banks, which cannot establish
branches without permission Of the
controller of the currency.
CIR ERIC DRUMMOND. secretary
" general Of the League of Nations
was received the Other. day by Premier
Mussolini, and came away with the as
surance that Italy had no prejudice
against the league and that the pre-.
mier favors its principles. MussolIni
however, informed the secretary gen
eral that Italy required that her posi-
tion as one Of the great powers and
one of the founders of the league ant
| principal signatory of the Treaty ot
Versailles should be adequately estab
| lIshed."
THE budget bureau has received tn,
Il department estimates for the mex,
fiscal year. pared them to the bone ant
submitted them to President Coolidge
The total sum asked by the bureau |,
ST, 700, 100000, this representing "A saw
ing of S126, ,00O, 600 from the amount be
ing expended in the current fiscal year
OF course congress may see fit t.
change some of the items.
IN A decision announcing the princi
pies to be applied in determining
American claims against Germany, tht
mixed claims commission upholds
broadly the claims growing ont of the
torpedoing of the Lusitania. numbering
27S and aggregating about 800, ,60O,0OO
The commission refuses to assess ex
emplary. or punitive. damages. holding
they are penal In nature and not au
thorized by the treaty of peace. It dis
missed 30,190 claims. totaling abou,
$345,OO0. 600, for the recovery Of insur
ance premiums paid by Americans fol
protection against war hazards.