davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
EN

eased to five percent. Time money,
which was available at 4 5-S for
some of the shorter maturities up
until recently, was quoted on fiat
Sd percent basis. Commercial pa
per rates were unchanged.
Foreign exchanges were slightly
reactionary. Demand sterling ruled
around $4.S5 9-16 and French francs
around 1867 cents. Norwegian kroner
saged six points to 21.50-cents and
Polish zlotys broke 40 points to $50.
The bond market today shared in
the general depression which marked
rtading in securities and commodi-
ties. Activity was restricted by the
diversion of speculatives interest to
the dractic decline in the stock mar
ket and the continued frrnness of
money rates. Thading also suffered
from the counter demand for funds
for March take payments and other
purposes.
The most notable exception 20 the
downward trend lay in the strength
of the Third Liberty 4 ia per cent
bonds. which were aided by the an
nouncement that the treasury would
buy up 100000, 900 worth for sink
ing fund purposes on the lawest lend
ers received by March 10. Other lib
berty issues moved up in sympathey.
some of them accompanying the third
ANS into new high ground for the
year.
Reactionary tendencies prevailed in
all groups of corporation bonds. Rail-
road issues were freely pressed for
70 sale, witrh moderate recessions
taking place in Atchison. Chesa
peake and Ohio, Central New Eng
land, st. Paul, Chicago and North
western, Chicago and Eastern Illi-
nois, Hudson ana Manhattan, Katy"
Western Maryland and Western obi
cations.
Liquidation of many small ac-
counts also contributed to the hea-
viness of public utility lients, par
ticularIy the local traction issues.
New York railways, Third Avenue
and Interborough bonds continued to
slide back and losses of point or so
were recorded by international Tele-
phone 51ks, United Railways of St.
Louis As, and Brooklyn Union Gas
SIS.
More than SIS 100000 in new bond
offerings have been scheduled for to-
morrow, including small issues for
the city of Leipsic, Germany. the In
SEPARATION Copper Company and the
Goodyear Tire Company of Califor-
MIA.
The financing of the Consolidated
Copper Company will taken the form
of of five year 20 u notes priced at
nar and interest. The offering will
be made through syndicate headed
by the Guirant. Company. Speyer
and Company reported heavy adj
vance applications for the 100000
21-year per cent loan to Leipsig,
which will be formally offered at
price of 81 "a to yiled Z IL per cent.
A 100000 issues of five-year 5 1-2
per cent notes for the Goodyear Tire
and Rubber Company of California,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
FINANCIAL NEWS

uneasiness of investors continued
however. to hammer at supposedly
vulnerable issues, meeting with
marked success in International
Combustion Engineering, Sears Roe
buck, WoolWorth and a number OF
others.
AS a result scores of stop loss or
ders which had been placed by
frightened investors were touched
off. and sweeping declines took place
in many sections of the list. Such
high grade issues as U. S. Steel
common. American Smelling, Stand
ard Oil of New Jersey, Mack Trucks
Mack Central, Atchison, Union IA
cific and Southern Railway were
driven down to new levels Tor the
wear, although closing quotations III
MANY cases were above the low lev
els for the day. u. S. Steel common
rallied from a low of ID IL to
1913 "a, where it was off / Ia net.
American Can dropped from
341 IL to . and then rallied TO
31S IL off IS II net. Foundation
Company dropped from lZS 90 10
113 but snapped back to lilo - OF.
10 points. Woolworth closed ~ 81
points lower at 1873 "a, after having
been as low as $50 IL. Extreme de-
cIines of ) to nearly II points also
took place in Allied Chemical, At
Iantic Coast Line, Coco Cola, Case
Threshing Machine. the Commerclai
Solvents issues, General Electric,
Jordan Motors, McCrory Stores b.
nickel Plate" common. Pan Amer
lean Western. Remington TypeWrit-
err. Rossia Insurance, Sears-Roebuck,
Westinghouse Air Brake and United
Drug.
Call money renewed at II per-
cent, but funds became more plentl-
full during the afternoon and the rate
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

the wheat market, with prices at vir-
tually the days bottom level, 81 TO
6 rs cents net lower, May new
15S "a to 1.59 and July LAO 1-S 70
LAO IA. Corn finished s-S TO I-s
cents off. oats / al Is cent down, and
provisions varying from 1910 cents
decline to IL cents advance.
A big share of the selling in the
wheat market was ascribed to one OF
the largest spectators here. He is
credited with having been the owner
of huge line of wheat, and the fact
that he has a considerable following
of smaller traders did much to render
the market unstable when talk spread,
that he was letting go of his holdings.
Downwards swings of wheat values
began about the time that estimates
from private crop experts began to be
circulated relative to domestic farm
stocks of wheat. Prior to this time
the general impression in the trade
was that the estimates would show
,about S5,000,oO0 to S7,000.000 bushels.
Instead, however, the figures ranged
from 5000, 900 to 97,00a,000 bushels.
In addition to the depressing effect
of the surprise in regard to farm re-
serve estimates the wheat market here
was confronted by an unexpected de-
cline in wheat quotations at Liverpool
and later by word of severe breaks in
the New York stock market. Persis-
tent heavy selling of wheat enSued.
and although rallies were witnessed
they all failed to last, Notwithstanding
that today's bottom figures were the
lowest since November. 1925.
In the stampede to sell the fact
was also practically ignored that the
average of the private estimates Of
farm stocks of wheat, 81 100000 BUSH
els, is the smallest since 1895, and that
the estimated aggregate domestic sup
ply is likewise the smallest IN some
years.
Corn and oats gave way with wheat.
A large increase of the visible supply
of corn was a further weakened in
fiuence.
Provisions were governed mainly by
irregular changes in hog values.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
Chicago Cattle Market
Chicago, March

SnlCaSO, MdTcn 4.
CATTLE-Receipts $4,000; general
ly steady market on all classes; clos
ing fairly active: clearance good: some
weakness on medium weight in-be-
tween grade steers, kinds of value to
selel at 925 to 1900; spots strong on
choice kinds; best matured steers
HOO: yearlings 1915; bulk 800 @1O.25:
meaty feeders upward to 800; most
feeders 7.50@S.50; Gamers $3.50 400;
mostly 400; yealers 11.00Q 1900; out
siders 1880 1850.
HOGS-Receipts $4,000; market ir-
regular: lighter weights opened steady
to strong, closed is to 25 lower: me-
dunn and heavy weight butchers
opened Is to % higher; closed with
part of advance lost: bulk 240 to 325-
pound butchers 11.65 1910: majority,
desirable zoo to 225-pound weights
12.75@1S.20: sorted $50 pounds down
largely 13.40@13.S5: top 14e pounds
up 1900; 100 pounds up 1886: pack
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

NEW YORK MARKET
Fures OF the Days Dealings i'm All
\ the Leading Stocks

llEeW York, Mar. 1.-(By The AS
lIaled Press)-Acute weakness de-
||sped today in the principal Sc
lIIles and commodities markets.
llss broke l to Is points, wheat
on = "a to & 1-2 cents a bushel
cotton futures declined "A to 81
lE,s' most of them touching new
levels for the year. Total stock
II were 2,5O1, 900 shares, the larg-
VI any session this year.
tnefe was nothing in the days
H. 10 account for the reactions
le speculative markets, which
street was inclined to regard
au overdue correction of specu-
s eAeesses that have been TAX
p,ace since last fall, and which
I'M. ueeh strikingly revealed in the
s rs collapse of recent stock
asI pools. AS a matter of fact
VI me days news was favor
n. I,,tnGnadaing the publication of
Eh ~ NO earnings reports and the
- s, VI me ne tobacco products divi-
NV. announcement before the
h. mug mat banking interests had
Nm, V "s the holdings of certain
|ls MI winch had been operating in
l[nS.as.a Brake Shoe and Foundry.
iTn ssaeon Company and New York
lsn, ; d.. or which had recorded
lfrissuu.e eiihes on Saturday, inspired
| tsan.ssno snort covering to give mi
| bsrs A'actions a firm tone. Bear
kas !, encouraged by their sue
lk,m.",,uh covering weak spots and
| aoiy taking advantage of the
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
Boston Produce Market

Boston. March I.
BEEF-Choice whole cattle 15M15s
BUTTER-Extras 45i@46; extras as
Q45.
CHEESE-Fresh choice 25A996.
CORNING. yellow 92@93.
EGGS-Nearby hennery brown ex-
tras 40@41: white and mixed extras
36@ 80; eastern extras 35@36: western
extras 34@35.
FLOUR-Spring patents, 1876 sacks,
special short 10.10@10S0: standard
9.00@10.05.
HAY-No. 2 timothy IS.
LAMB-Spring 23@27.
OATS-Forty pounds 56657.
PORK-Medium backs 3363e.
POTATOES-Green Mountains l40
q $50 per 100 pounds: sweets 2.e5.
SUGAR-American Sugar Refinery
quotes 5.25 cents in 100-barrel lots
less per cent. for cash.
VEAL-S@22.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
Chicago Produce Market
(By the Associated Press)

NNICdSU, VMdTCH T.
Forced downward by storm of
selling, the wheat market today suf-
fered fall of as much as 78 cents
a bushel and carried down other grains
as we'll.
Unofficial estimates that the amount
Of wheat held on United States farms
is much larger than has generally
been supposed was among the chief
factors which brought about the gen.
eral rush to sell. Contributing also
was a violent setback of stock mar
ket values in Wall Street.
A semi-demoralized close resulted in
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
Seeds, Plants and Flowers

OCEAN POINT HOME OWNERS
You may wish to beautify your sum-
mer home grounds. Chase Bros.
Rochester Nursery Stock Agency is
at East Boothbay. Fruit and orna-
mental trees, flowers. shrubs. roses,
climbing vines and hedge plants.
Prices and varisties on request. j.
w. Winant, Agt., E. Boothb2.s
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
u. S. Bonds Closing

New York, March 1.-(AP)-Closing
Liberty bonds:
Liberty 33s, 101.1.
First 1?4s, 1922.
Second las, 100.25.
Third 4 Las, 1917.
Fourth 4 las, 1021t.
Il. S. Treasury IS, t04.5.
u. s. Treasury las, 107.25.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
Situations Wanted-FemaIe So

TEACHER-Expe-
rienced. will go to seashore with fam
lily having l or youngsters, during
summer vacation period. For inter-
view, write Box 93, Augusta.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
NEWS BRIEFS

John A. Foster, new federal superS
visor of the alcohol industry, prom
ised cut in the output made under
government supervision.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

ing sows .1o.1e61o.s5; shippers took
$4,000; estimated holdover 5000.
SHEEP-Reeeipts $4,000; fat lambs
mostly so higher; feeding lambs 25
to so higher; fat aged sheep steady;
bulk fat wooded lambs 13.9O@1450:
several doubles choice handy weight
to shippers 14.S5@15.00; feeding
lambs 13.5041400 mostly; few choice
handy weight fat ewes upward to 900.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

Suzanne Lenglen withdrew from
tennis tournament and left for Italy
to rest.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

New jeweler robbed of 100000 in
gems on busy street corner by man
who sought match.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

Captain Anton Heinen, German
dirigible expert. employed in New
Jersey as Sc day surveyor.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
Poultry and Supplies

BROODER-Buckeye coal burning,
500-chick size. Used one season. Bar
gain. 73 Harrison Ave, Gardiner.
MATCHING EGGs-R. I. Reds, heavy
laying strain, 75c for Is or IS for 100.
Eric Miller, r. 10, Gardiner.
S. c. RED-Chicks 20 cts. each, hatch
ing eggs Sc hundred. from healthy
trap-nested stock. +. Z. Moore, So.
Gardiner.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
EMPLOYMENT

Situations Wanted-Female SO
BUNDLE WASHINGS-Called for and
delivered. Write LA, care Journal.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

London newspaper announced that
five American battleships are fitted
with most powerful anti-aircraft
guns in the world.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
Specials at the Stores

BE SAFE-Use galvanized iron ash
barrels and garbage pals. We have
all sizes. Malcolm & Dyer Co., Au-
guSta.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

Wanted-Live Stock SO
LIVE POULTRY--Highes cash prices
J. H. Desmond. Tel Gardiner 272-R.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
LIVE STOCK
Horses, Cattle. Vehicles

HOGS-10 fat ones, 200 lbs. each: 7
good COWS, Guernseys. Jerseys and
Holsteins. Tel. 4-24 Sidney. f. O.
Hamlin, Waterville.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
Solicitors, Canvassers, Agents s

FINE OPPORTUNITY-F reliable
brokers': sell first class Florida real
estate; liberal commission and terms.
Write Northern Realty Co.. 237
West 35. n. Y.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
to be offered at Dillon, Read and
Company will be priced at 9S12
Total sales We're S10,910,000.
STOCK MARKET AVERAGES

sex divided .0625.
SEX dividend .125.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
New York Money Market
New York, March 1.-(AP).

New York, March 1.-(AP).
Foreign exchanges easy.
Great Britain, demand ASS 9-16. ca
bles 4.S5. 1916, 60-day bills on banks
4.S1 "a.
France, demand 1864. cables 3.67
Italy, demand 4.o14. cables 4.0l S-i.
Belgium, demand 4.54a.
Germany, demand ease.
Holland, demand 4002.
Norway, demand 21.5Q.
Sweden. demand 1852.
Denmark. demand 1886.
Switzerland. demand 19.24i.
Spain. demand 14.09.
Portugal. demand 5.1S.
Greece, demand LA.
Poland, demand 1850.
Czecho-Slovakia. demand 2.96.
Jugo-Slavia, demand 1.76.
Austria. demand IA.
Rumania, demand .43a.
Argentina, demand 40.75.
Brazil demand 1870.
Toxic, demand .451.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

Premier BRAND told deputies tina t
France would have been isolated IL
she had not signed the Locarno Sc
curity pact.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

Four members of family were
burned, three probably fatally, in
kerosene explosion in Fail River
home.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02

Chinese textile strikers stormed
Japanese owned mill in Shanghai.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
LIVE STOCK
.eSs

CLASSIFIED NEWS is good news.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
New York Stock Market
Corrected Daily by
J. A. GAMAGE & CO.

STOCK BROKERS
335 Water Street Augusta
Phones 1291-1292
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-03-02
AUTOMOBILES

|iTYES-19el touring. Reprinted:
|Erlcally new tires. This is a good
ETnr car and runs fine. Down
Iment only Sis. Waterville Motor
In Augusta.
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15
Greatly to Be Pitied
Is Elderly Bachelor

"Then let us look at that distin-
guished bachelor, Herbert Spencer, "
III. w" writes, in the London Times.
He confessed in his memoirs that all
through his life he had never known
any real happiness. Even after he
had finished his synthetic Philoso-
ply" he felt no glow of exkilaration.
Despite his wonderful friendship, life
to him seemed fiat, stale and unprofit-
able-the natural result of cutting
himself off from the normal relations
with wife and family Philosophy
may engross a man during his work
ing hours but it won't make him a
cup of tea when he's i'll in bed or
smooth mis- hair for him when he's
tired and discouraged.
'An elderly bachelor of any station
in life is about the most pathetic
thing that ever bloomed on this
broad-bosomed planet. His thoughts
turn more and more to himself as the
years goSlon until at last the sun
seems to rise In his stomach and set
just west of his liver.
"Of course l realize that many
young men today cannot afford mar
riage unless the wife continues work
ing. In that case I'd say let her con.
tinue."
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15
French influence Felt

The French influences of Mary OF
Guise and the close association of the
Scotch and French courts in the Four
teenth and Fifteenth centuries, are
said to seem to have left something
Of the quaint beauty of old Paris on
the houses and streets of Edinburgh,
Scotland, and the tragedies of the
Stewards seem to give ITS gayest mo-
ments the same somber seconds that
the Robespierre days vet give to
every visitor who muses. on the past
of theiFrench capital Detroit News.
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15

THE French governments weak
4 ness was revealed in the chamber
of deputies on the request for emer-
gency funds to sustain state functions
during April. War Minister Paul Pain
Levels demand for 100000 francs
($350.OO0) credits to carry on opera
tons in Syria were reduced 100000
francs on the motion of Socialist Dep
uty Baron. The vote was 26S to 265.
Premier BRAND, who feared sim
liar attack on the appropriation for the
war in Morocco. rushed to the rescue.
He pleaded with the deputies not to
hamper him at a moment when peace
in Morocco was just over the horizon.
He defended the much criticized
French refusal to consider Abd-el
Krim's peace offers. and then an
nounced France was about to make a
counter offer to the rebellious Riff
fans. These terms are already formu-
lated. he declared.
Deputy Baron, who has just re-
turned from a first-hand investigation
of the Syrian rebellion, said he thought
it would be a good idea to hand over
the Syrian mandate to Premier Mus
solini of Italy,
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15

~ REAT BRITAIN will not continue
" to support Spain in her fight for
a permanent seat in the League of
Nations council and will definitely op-
pose any enlargement of that body ex-
cept through the addition of Germany
when the League assembly meets
again in September.
This change in the British attitude
was announced by Sir Austen Cham
herlain when he made a complete pri-
vate expose of the recent British policy
at Geneva regarding the League of
Nations to group of members of the
house of commons representing both
opposition and government support
ers. He kept nothing back, he de-
clared, and even read confidential tele-
grams exchanged by the powers.
Brazil will not be permitted to con
tinue to veto Germany's application
for admission to the council In Sep
tember he declared The League as
sembly will meet and re-elect tempo
rary council members before the ques
ton of Germany's admission again
comes up and unless Brazil agrees in
advance TO withhold her veto, she will
not be given temporary seat In the
next council. The place win be given
to some other South American power.
The foreign secretary declared Brit
ish policy has been altered to meet
public opinion as clearly expressed.
and his pledge to support SPANS aspi-
rations, which was one of the causes
of the difficulties at the last League
meeting has been formally Withdrawn
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15

L FFORTS to solve the Tacna-Arica
Il boundary dispute by the plebis-
citary commission set up by President
Coolidge have been abandoned for the
present in favor of direct negotiations
between the United States and the gov.
ernments of Peru and Chile. Both
Peru and Chile, the State department
announced. have accepted the offers of
mediation made by the United States
and correspondence is now going on
between Secretary Kellogg and the
two governments over the question of
the best method to go about settling
the controversy.
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15
Coming Great Man

"Jnhn.1 said Mrs. Norris to her
husband, II really believe our Junior
is lazy He persuades little Freddy
to do all his work =
Lazy Y exclaimed Norris 'That's
executive ability. Legion Weekly.
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15

N PIGMENTS of the Italian debt
~ settlement were heard in the SEN
ate. Senator Robinson (Dem.. Ark.l
minority leader. led the attack. He as
sailed the ''capacity to pay" theory
governing the settlements made by the
American debt commission. He de-
manded that Italy before receiving
concessions from the United States
show her good faith with respect to a
disarmament conference. Senator Reed
(Dem., MOI asserted that the United
States can collect larger sum than
proposed from Italy IF we had some
good red blood in our statesmen"
Senator Borah (Rep., Idaho). chair
man of the committee on foreign re-
lations; Senator Howell (Rep., Neb),
Senator Shipstead (Farmer-Labor.
Mimi. and otner opponents of the
Italian settlement also participated in
the discussion.
Senator Robinson said the capacity
to pay" standard is false and unre-
liable.
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15

ID ERMISSION has been granted by
the prohibition division of the bu-
reau of internal revenue TO two large
breweries to manufacture a matt liquor
containing 3.75 per cent alcohol by
volume and % per cent malt solids. to
be sold to the public through drug
stores without prescriptions or dealer
permits
The permits were issued to Anheu-
ser-Busch company of st. Louis and
the Pabst company Of Milwaukee on
six months trial during which the
breweries are required to aid the pro
hibition division in the prevention of
the sale of the malt liquor to the pub
lie for beverage purposes.
Director of Prohibition James e.
Jones gave his consent to the new
brew after chemists of the bureau of
internal revenue had reported that the
tonic could not be used as beverage.
The senate confirmed the nnmina-
ton of Thomas F. Woodlock of New
York as a member of the Interstate
Commerce commission by vote of 50
TO %.
Confirmation came after a fve-hour
executive session. in which the attack
against Mr.. Woodlock was led by Sen
ator Wheeler (Dem., Mont), who
charged that he was under the intiu-
ence of Wall street.
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15

II UNANIMOUS agreement on meas
~ ures contemplating the creation
of an army air corps, under a second
assistant secretary of war, and author
izing the undertaking of a FIVE year
construction program as result of
which 2,2O0 new planes would be added
to the equipment of the existing air
service, was reported from an execu-
tive session of the house military af-
fairs committee.
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15

The bill, 1t is said. will embody many
Of the major recommendations of the
Morrow aircraft board as well as sug-
gestions made by the Lampert investi-
eating committee, the Lassiter board
and Secretary of War Davis in his con-
fidential program.
The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1926-04-15

bill to raise the retirement annuities
of government employees involves
such an increase. and while the Presi-
dent favors higher annuities, he is not
sure that the government can afford
to raise them as high as the bin asks.
Increase in the salaries Of federal
judges, on the other hand, is favored
by the President, since this would not
require large increase in expendi-
lures. The outlay of $5000O,O0O for
new public buildings and a like
amount for waterway development is
approved by the executive as addi-
lions on capital account, but the pro-
grams for increasing army and navy
expenditures about $60,O00,O00 annual
ly the President is inclined to view diff.
ferently.