The Arvada enterprise., 1923-03-29

indicates that the demands would not
be understaied On the face of them
the terms are severe enough. If they
have really been made, to ALLEVIATE
many friends of the French govern
mcnt.
I ORD BIRKENIIEAD. one of the
~ cabinet ministers In Lloyd
Georges government. addressing the
house of commons last week, stated
that France has eight alrplanes to
position TO blow British Industries into
the air at any time II disagreement be.
tween the two countries reached the
stage Of war. His remarks were the
prelude to an appeal for more funds
for the military arm of his govern.
ment. Students OF British politics will
gather mostly from his remarks that
Lloyd George merely Is starting ont
to undermine the Bonar Law ministry.
although there seems little doubt that
England is In bad shape, compared
with its cross-channel rival. in regard
to fighting aircraft.
"ALL STREET WAS BACKED
w mp to the wall the past week
by Clarence Saunders. n Memphis man
who asserts the big 6nnnciers tried to
hang the name Of n boob from Ten.
nesscc" on him. The financial dis
trict Of New York has not had such a
JOLT In years. The denl came about
through Saunders deals In Piggly
WIggly, Of which corporation he Ia
president. He quietly nmassed near.
ly all the available stock that was
not held by legitimate investors and
then bought some 10000 shares on
margin for future delivery. Without
warning he demanded the delivery
Of These shares and the scurrying
around by brokers and the gamblers
who were the principals In the trans.
actions, forced the New York Stock
Exchange TO bar trading In Piggiy
Wiggly to save some big traders from
financial disaster. Saunders threatened
To force those who have sold to him
to pay him 500 n share In lieu Of
their delivery of the actual stock, a
figure that meant ruin to many of the
stock gamblers.
The stock exchange charges that
Saunders acted In bad faith. to which
Saunders retorts that he went into
the market for the first time In his
life in his Plggly Wiggly deals and
that the financial powers let him run.
feeling certain he would come n crop.
per. When he outguessed them. he
says they showed themselves poor
sports. He further says that brokers.
who nrc practically nll members Of
the New York Stock Exchange. tried
to break him by demanding that he
settle In full for all Of his commit.
mcnts md that he surprised them by
doing so and demanding the nctua,
stock In return for his cash. He says
thnt threats by the exchange to ex.
punge the stock from It's Trading list
have M fears for him and that ~
company whose stock Is traded In on
the New York board. II Ia snid that
It took slO.Oo0.0OO at one time to
hnndl. saunders deals and that the
New Workers figured he would never
he able To control that amount. A
few years ago Mr.. Saunders was n
grocery clerk NJ 81 week.
JUDGE WALTER EVANS, UNITED
- States district Judge for the west
crn district Of Kentucky. has ruled
that dry agents cannot stop and search
automobiles FOR liquor without n spcclf.
lc search warrant. lie Is reported
to have made the curious ruling that
the prohibition law is not the supreme
law OF the land" n construction that
viii be novel TO many who had thought
II had become part Of tn. Constitution
OF The lnnd ms the famous Eighteenth
Amendment. More recently Judge
John II. liazel Of Buffalo. In the Fed.
crnl court Mt Syracuse. n. T., ruled
that prohibition enforcement officers
could no, enter homes In search Of
liquor.
ON the other hand Feticrni Judge
John NJ. ki,lits. ut Cleveland. sen.
fenced Joseph Bicner. Of Pittsburgh,
n liquor law vloln,or who hnd pleaded
mot guilty" md then been found
guilty. to the full limit Of the law.
sending him to Atlanta penitentiary
for two years. f,ning him $4,000 and