The Holly chieftain., 1924-03-13

adoption CT the Ford offer, but this
automobile magnate seems to have our
legislators "buffnloed" politically.
DRESIDENT COOLIDGE sent a spe.
cial message to congress last week
urging 1t lny aside all other business
and authorize 25 per cent reduction
in 1923 income taxes before March 10
the last day for the filing of schedules
He said the people expected 1t and II
would benefit all elements. Opposition
appeared at once, and Representative
Longworth told the President there
was not the slightest chance of passing
the emergency resolution. The Demo.
Gratis and insurgent Republicans ac-
cused Mr.. Coolidge Of playing politics.
On all sides, however, 1t was agreed
that the general tax BILL now being de-
bated In the senate, will carry the 25
per cent retroactive reduction,
THE new soldiers bonus bill, pro
viding paid up life Insurance pol
icies. was completed by the house COM
mittee. The policies ure to be twenty
year endowment and valued on the
basis of length Of service, with 81 al
lowed for each day of home service
and $1.25 for each day of overseas
service, and to the total will be added
% per cent. Provision Is made for de-
pendents and for cash payments to
veterans not entitled to more than $50.
The total cost of the bill, 1t is esti-
mated, would be about S2,00O,0 ,0OO.0 900,
and not more than S90,00O0O0 would
have to be expended by the govern
ment In any one year.
FEDERAL JUDGE KENYON having
declined the navy portfolio. Presi-
dent Coolidge offered the position to
Curtiss d. Wilbur, chief justice of the
California Supreme court, and that
gentleman accepted 1t by wire, saying
ne would go to Washington us soon as
the appointment was confirmed by the
senate.
Justice Wilbur was born in Boones-
boro, la., In 1867 and was educated in
the public schools there and In James
town, N. D. He was graduated from
the United States Naval academy at
Annapolis In 1888. Later he studied
law and began practice in Los Angeles.
For many years he has been regarded
as one of the leading lawyers and jur-
lists OF California, and is known espe-
cially for his work In behalf OF child
welfare. He Is Congregationalist
and prominent Sunday school worker
Judge Wilbur's brother, DR.. Ray L.
Wilbur. is president Of Stanford uni.
versity.
EDWIN DENBY'S retirement from
~ the position OF secretary of the
navy was accomplished with dignlt,
on his part and accompanied by heart,
expressions OF esteem by his assocl
ates and personal friends. Before h,
LETT his Offices he was sworn In as {
major in the marine reserve corps II
the presence of many high officers o
the navy and marines, and as he tool
the oath the marine band outsId,
played the corps march. "Semper III
delis."
BANKERS OF New York and neigh
~ boring cities have gone to the res
cue of the French franc by establish
ing banking credit of not less tha,
SlOO,00o,OO0 IN favor of the Bank o
I France. acting for the French govern
ment. The loan will be used to sta
biii2e French exchange and for othe
purposes. and Is so well secured b
gold held in the vaults Of the Bank q
France that the interest rate Is said t
, be relatively low. When the loan wa
, announced there was a sharp rally +
} francs on the exchanges. and specuia
tors began to wall. Poincare was sti
> having trouble in forcing his tax ir
/, crease measure through the senate.
There were disturbing rumors fror
Paris that military coup d'etat wa
, being hatched and that the government
, was aware of 1t and was ready to pre-
, claim a state OF siege or martial law.
, The German government also wa
Z meeting resistance to Its tax regult
4 tions and other emergency ordinance.
{ and the Socialists were so determine
: that President Ebert dissolved til
5 reichstag on Thursday. Ebert IN
t told his friends that he will retire afte
Q the elections in May. ...
: REECE is now added to the n,
r ~ tions that have recognized til
: Russian soviet government. The Gree
cabinet under Kafandnrls having r,
e signed. II new ministry has bee
e formed by Papanastasiou.