The midland journal. (Rising Sun, Md.) 1885-1947, 1925-06-12

| trusts or the guaranteed issues, name
ly those of the Chicago, Terre Haute
& Southeastern Railway company Cop
| Grated under lease) and of the Chicago,
Milwaukee & Gary Railway company.
According to one expert, the pro-
gram will enable prompt reconstruc-
ton Of the property, relieve the road
of pressing obligations and prevent
prolonged receivership, with the conse-
quences of controversies and loss of
business because Of inadequate re-
sources and constructive policies But
the plan will not greatly alter the cap
ital structure and it does not bring
the prospect of dividends any nearer
to the stockholders. In this respect,
the reorganization managers appear to
be willing to let the future decide"
THOSE who have been seeking to
l. use the President for advertising
purposes, and they are many, received
declined to be starred in a film that Is
being made with the cooperation of
the navy authorities. 1t was planned
that the President should be photo
graphed in the act of handing diplo-
ma of the Naval academy to movie
actor, but as has been said he re-
fused. However, he was present at
the graduating exercises at Annapolis
| and made an address to the class of
1925. He made strong plea and ar
gument for national defense and pre-
paredness, asking that every citizen
be a potential soldier to back up
comparatively small army and navy.
At the same time he denounced jingo-
ism and declared there was no justifi-
cation at this time for assertions that
other specified powers are arming
against us, thus arousing national sus-
picion and hatred.
~ ERMANY has received the note
NJ from the allies specifying the in
stances in which she has failed to COM
ply with the disarmament clauses of
the treaty of Versailles, as result of
which the allies declined to evacuate
the Cologne bridgehead. She was not
pleased with the note, of course, but it
was said the governments reply would
contain a promise to keep all its
pledges France also answered Ger
many's proposals for security pact,
her note being conciliatory but firm
in the matter Of protection for her
allies on the eastern German frontier.
DROGRESS toward the funding Of
the Italian debt to America is re-
ported to be quite satisfactory, though
no details of the suggested terms have
been made public. 1t was announced
that J. P. Morgan & Co. have extended
a loan Of $50O00,OO0 to Italy to stab
ilize the lire. This is a step of great
Importance and had it's effect on all
bourses. Finance Minister de Stefani
told the Italian chamber that the ma
tional budget was safely balanced.
despite heavy appropriations for the
army and for public works.
THE crisis in the war against the
Il Riffians has not yet been reached,
and both sides seemingly put In the
week preparing for more decisive oper-
atoms. Abd-el-Krim, it was said, was
planning to concentrate all his effec-
tives against the French, Withdrawing
from the Spanish zone. Both the
French and Spanish are using bomb
ing planes with telling effect.
CELDOM has there been such gen.
~ eral and spontaneous mourning
over mans death as in the case of
Thomas R. Marshall Of Indiana, vice
president of the United States during
Mr. Wilson's two administrations. He
passed away during visit in Wash
ington, and was buried at Indianapolis.
The President and innumerable other
government officials and members of
the diplomatic corps attended the
services in the national capital Aside
from his admitted ability, Mr.. Mar
shall was notable for the genuine af-
lection in which he was held by all
who knew him. His keen sense of
humor, his sparkling wit and manner
of plain speaking, his kindly philosophy
and his fidelity to his friends made him
for years one of the most interesting
figures in American public life Al
ways he held to his simple Christian
faith.
G ECRETARY OF WAR WEEKS I'M
- derwent an operation in a Boston
hospital recently, and since then his
condition has caused great deal of
anxiety. The physicians admit it is
not satisfactory, though they declare
there is no immediate cause for alarm.