The midland journal. (Rising Sun, Md.) 1885-1947, 1927-10-07

WASH. -WdUaI0dkeT OlTl CduelS dS
eat parade Of the American Legion in
t Centaur, Mo-, "a Colorado excursion
ing the rediscount rate Of the Chicago
Federal Reserve bank from 4 to ga
per cent.
1t is understood that President Cool
idge and Secretary Mellon in choos-
ing Mr.. Young as a member of the
board hope that the threatened attack
upon the federal reserve board in con-
gress during the coming winter will be
averted. ...,.,..,. I
VXIILLIAM G. McADOO removed
w himself from the possibilities for
the Democratic Presidential nominal
ton, and now the dry element in the
party Is casting about for a leader
to succeed him. Edwin T. Meredith
of Iowa, former secretary of agricuI-
ture, himself thought to have fair
chance for the nomination, has said
the "dry progressive" Democrats must
make haste in this or the nomination
would go to Gov. AL Smith by default.
He said he believed the principal is
sues in 1928 should be farm relief and
prohibition, with plank calling for
strict enforcement of the Volstead act
and an attack on the Coolidge admin
istration for failure to enforce 1t.
Deprecating talk Of his own possible
candidacy, Mr.. Meredith named New
ton D. Baker of Ohio, former secretary
of war; Senator Thomas J. Walsh of
Montana, Senator Joe I. Robinson of
Arkansas, Representative Cordell Hull
of Tennessee and Daniel q. Roper OF
Texas as among those whom his wing
of the party would support. He de-
clared his group would not support
Governor Smith, Senator James A.
Reed of Missouri or Gov. Albert q.
Richie of Maryland for the nomina-
ton. 3, ..,s.--->''"
OUR new ambassador to Mexico is
" to be dwight Morrow of New
Jersey, a member for twelve years of
the banking firm of J. P. Morgan 4
Co. He was classmate Of the Pres
ident in Amherst and Mr.. Coolidge Of
fered him the diplomatic post last
summer. He recently accepted and
told the President he would at once
resign from the Morgan firm.
While administration officials stated
that the appointment of Mr.. Morrow
will not mark any change Of policy
toward that country in the present
oil and land disputes, 1t is believed
that the bankers acceptance means
that the chances of clearing up the
difficulties between the two countries
are brighter than before. 1t is felt
that Mr.. Morrow would not have con-
scented to represent this government at
Mexico City unless he believed that
conditions were such that he had
reasonable chance of settling the pres
ent troubles, precipitated by American
property coniscations in Mexico.
n EPLYING to the French govern
Nment's note in the tariff contrOver-
sy, the American government has made
an emphatic protest against discrimina-
lions against American commerce,
such as the recent increases in French
tariff duties. While the note did not
threaten retaliatory action, it did point
out the existence Of section BIT of
the tariff act, under which 1t would
be possible for the President to as
sess additional duties or impose en-
bargoes on goods coming from nations
merce of the United States.
TRENCH resentment against the ac-
L ton of Christian Rakovsky. Rus
sion ambassador, in signing a Com
munist manifesto calling on workers
of other coutries to rise against their
governments, has eliminated in an Of
fetal statement to. Moscow that fur
Their negotiations with the Russians
regarding a pact Of nonaggresslon can
not be conducted until Rakovsky has
been recalled.
TT WAS announced in Louisville that
/ members of the Burley Tobacco
Growers Cooperative association in
Kentucky, Ohio, Indiana, West Vir-
ginia, Tennessee, Missouri, Virginia,
and North Carolina, will, within the
next few weeks, receive total Of be-
tween $16,OOO,O00 and S1S,O0O,00O. the
sum representing payments on the
1928, 1924 and 1925 crops, according
to information given out.
president COSGRAVE and his
/ government won the Irish Free
State election but by only margin
of six votes in the Dali Eireann. 1t
is expected there will be no change in
the government for a year, despite