Western news and the Libby times. [volume] (Libby, Mont.) 1920-1933, 1929-09-26

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BY Arthur Brisbane
Another Biggest Bank
Poor Broker-Sold Short
Our Disgraces
A Fight for John D.
Again 1.-THE worlds biggest bank"
:, makes Its bow. bigger than any thus
far.
Charles Il. Mitchell, head of New
York's National City bank. absorhs
the Corn Exchange bank. creating an
institution with resources OF two
thousand five hundred millions Of dol
lars.
This one financial giant will have
/ 100 branch banks In New York. The
old-fashloned million has given way
to the new billion"
When will the TRILLION be trans
ferred from books on astronomy to
the books of United States bankersi
In Wall street a broker has closed
up. His story is sad and brief. HE
SOLD SHORT.
And, most strange, he sold bank
stocks short
To short" bank stock with banks
getting from 10 to 20 per cent for
money on call, calls for an investiga-
ton In lunacy.
The Prince of Wales buys bis frst
airplane, making his first flight as an
owner to see his father at SandrIng-
ham. 1t Is g. Fl. Gypsy Moth, price
only $500.
The prince would not buy anything
not pure British" The little Moth
makes ninety miles an hour, Is painted
bright red and blue, and carries
silver plate marked III. r. II. the
Prince of Wales
We have an assortment of nation
al dlsgraces' One, our high percent
age OF illiteracy; another. the high
efficiency OF bootleggers. hijackers, or
ganized criminals.
Another Is the official usury estah-
lished by ihe federal reserve az 4
basis for dealing In American securi
ties.
Our worst disgrace Is the fact es-
tablished by the American Associa-
tIon Of Obstetrlcians, Gyneeologists
and Abdominal Surgeons, that this
nation has the highest maternity death
rate In the civilized world
OF the thousands Of mothers dying
every year In childbirth, CO per cent
are killed by septicemia md toxemia.
both preventnble.
You read that the naval confer
ence will depend largely on what
japan wants and agrees to. The pow
erful face OF the Japanese Premier
Hamaguchi, who will do the deciding,
tells you that japan will talk plainly.
II Uncle Sam and Britain cannot
agree, Mr.. Hamaguchi might be useful
as good excuse.
Why doesn't Uncle Sam decide for
himself what he wants In airpanes,
cruisers, submarines and everything
elsei Do we NEED the approval of
another country
Col. n. w. Stewart. formerly head
OF Standard OIL OF Indiana, beaten
In fight with Mr. Rockefeller, has
gone to England. Perhaps he goes to
join the Shell company in great
British oil merger and anti-Standard
oil fight.
Colonel Stewart will visit Sir Henry
Deterding, head of British She'll"
the biggest Rockefeller rival In the
worlds OIL trade.
II the British want action and an
American representative who knows
the oil business, they show intelligence
In selecting Colonel Stewart.
1t looks like real oil fight.
Betting is wrong, and apart from
that 1t might be unwise to bet against
the Rockefellers. They have never
acquired the habit OF losing.
News from Jerusalem that will
doubtless cause indignation and mass
meetings tells of the arrest OF A Jews
Of Haifa, held without bail, accused OF
premedtated murder OF Arabs during
the recent Arab-Jewish riots
The President announces the ap-
pointment of Harry r. Guggenheim
as ambassador to Cuba.
Cubans Will welcome Mr.. Guggen-