The midland journal. (Rising Sun, Md.) 1885-1947, 1925-04-10

been prominent in negotiations with
Soviet Russia and opposes the govern
ment's Vatican policy. There were re-
ports that the entire Herriot govern
ment would soon resign, in which case
Painleve, BRAND and Caillaux might
be expected to come into power.
Frances financial condition is admit
teddy desperate. - .4,s
CENATOR BURTON K. WHEELER
~ Of Montana, indicted by special
federal grand jury in Washington for
conspiracy to obtain fraudulently gas
and oil permits on public lands in Mon
tana, gave bail Of $1,000 to appear for
trial, and then issued formal state
ment bitterly assailing the administra
ton.
s'The administration seems deter
mined" Mr.. Wheeler said, ito chastise
every one who has the temerity to
criticize or oppose the Illegal practices
Of those in authority at Washington. A
brief survey of political Washington
during the last few years clearly indi-
Gates that am not alone the subject
of administration displeasure. Every
public man who has raised his voice in.
protest against incompetence and cor
ruption has been the subject of attack,
the last being Senator Couzens of
Michigan"
ORIG. GEN. WILLIAM MITCHELL.
- who incurred the resentment of
certain of his superiors by advocating
the creation Of separate air service
and by his talks and writings concern
ing the relative Importance Of planes
and battleships, thereby losing his po-
sition as assistant chief Of the army
air service, has been assigned as an
air officer Of the Eighth army corps
with headquarters at San Antonio,
Texas. The transfer takes effect April
% and on the same date Mitchell auto
matically reverts to his former rank of
colonel. Mitchell wanted to be as
signed to the Sixth corps with head
quarters at Chicago, but Secretary
Weeks decided otherwise. I'm select
ing a post for General Mitchell" said
he, II took into consideration the fact
that his rank as colonel in the air serv-
ice entities him to the, best air post in
the corps area. / understand he wanted
to go to Chicago, but he did not apply
formally for that post"
pY A vote Of four to three the
~ United, States shipping board de-
cided last week to sell to the Dollar
steamship interests its five vessels now
in the California Orient service. The
price obtained is $5625, 900. Commits
sioners Plummer, Thompson and Ben
son vigorously opposed the sale, point
ing out that the price was $25.OO0O00
less than the original cost Of the ships
and $15,OO0,000 less than it would cost
to build them at this time. The Pa
clfic Mail Steamship company has been
operating these ships for the board
and was a bidder for their purchase.
There are hints that this concern may
try to prevent contamination of the
deal and may carry the matter before
congress at the next session.
THE week in the United States was
i marked by two huge financial
transactions. In the first the Dodge
Brothers Automobile company was sold
to a syndicate of bankers headed by
Dillon, Read & Co. of New York. The
consideration was cash and though the
exact sum was not made public it is
The sellers were the widows of John
and Horace Dodge. Some time ago 1t
was learned they were tired Of busi-
ness cares and wished to sell their
property, and at once there began a
lively struggle among various interests
to obtain it. Many bids were rejected
and the final contest was between two
groups of bankers, one headed by Dill
Ion, Read & Co. and the other by ]. P.
Morgan & Co., who are largely inter-
ested in the General Motors corpora
ton. The company is to be maintained
as separate organization. but an en-
tirely new corporation will be formed,
chartered in Michigan, with a capital
of between $175,OO0.OO0 and 100000.
600. Its backbone will be an issue of
first mortgage bonds. probably of about
100000. the balance to be repre-
sented in comrion and preferred
stocks, in which control of the organi-
cation will be vested. 1t is not unlike
ly that an offesing to the public of
some new Dodge Brothers company Sc
curities will be made soon.
1t was announced Wednesday night
that control Of the Pan-American Pc
troleEh and Transport company had