Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-11-07

SECRETARY OF the Treasury
Mellon is expected to resign during
the next few months, after the
foreign debt tangle is cleared up.
Mellon, it is gossiped, wants to leave
behind him as his outstanding
achievement, the funding Of the
colossal sums loaned the Allies dur
ing and after the War The French
and Italian debts remain the only
drawback to the realization Of such
an ambition. Il is recalled that
Mellon made desperate efforts to
reach an agreement with the French
debt commission When it APP
peared probable that the conference
would break up without an agree
ment, it was Mellon who presented
the proposal calling for five annual
payments Of S40,00O,0OO as interest
on the debt, after which new con
ference would be held Under See
rotary Of the Treasury Winston is
among the many mentioned as
possible successors to Mellon.
THE ENTRANCE Of Charles
Evans Hughes into the New York
political arena, through his support
Of Republican candidates, has again
given rise to gossip that he will be a
candidate for the Republican pre-
sidentiai nomination in 1928. Re
ports that he may oppose Senator
i g., Il
nomination in 1926 are largely dis.
counted Hughes would have little
to gain and much to lose in such a
race His friends believe he would
not turn down a Republican nominal
ton for the presidency but Hughes is
too good a politician to enter the
race unless the nomination is reason
ably assured. For that reason it is
expected that Hughes will studiously
refrain from committing himself
until he can tell which way the wind
is blowing.
THE LABORIOUS task Of reduc-
ing some taxes and removing others,
which appears TO be the aim Of all
parties at the present time, is now
under way before the House Ways
and Means committee The com
mittee itself, which is dominated by
Republicans, is expected to support
IN substance the recommendation of
Secretary Of the Treasury Mellon
for reduction in surtaXes. The
Democrats promise to introduce d
bin of their own further reducing
taxes on small salaries Because of
the popularity of such a program, the
Republicans are expected to make
concessions TO those making less
than $4,000 year Indications
are that the small man will bee sure tc
win regardless of which bill passes
THE MOVIES have finally reach
ed the charmed circle Of American
industry They are sufficiently
large to warrant investigation by the
government Of charges that one
powerful corporation is seeking t.
control the entire business. Fina
arguments will be heard late this
month before the Federal Trad,
Commission on a complaint charging
the Famous Players-Lasky Company
with conspiracy to monopolize the
industry" An alleged offer t.
Mary Piekford Of $25O.000 to with
draw entirely from screen activities
rather than go with another organ
i2atlon figures largely in the pro
Ceedines
THE CROP reporting board of the
Department of Agriculture is again
under fire, although politicians are
only now beginning to forget the
scandal some time back due to a
leak to SPECTATORS on what the Of
fetal estimate OF a crop would be.
Senator Caraway of Arkansas
promises to lead a fight for the
abolition of the Board The fire
works are due 10 the recent cotton
report. When it was announced.
cotton took hig drop Caraway
claims southern planters lost $780,