Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-16
BY JOHN r. SINCLAIR.
Special Dispateh to The star.


Special Dispatch to The star.
NEW YORK, June 16.--Not since the
market decline last November has the
stock market been so confused and be-
wildered as now. The modest rally oil
Friday last was followed by an impress
sive decline on Saturday, with many
g. Telegraph, touching new lows for the
year.
AS another week begins today Presi-
dent Hoover will find on his desk the
Hawley-6moot tariff bill needing only
his signature for it to become a law
Should he sign it-and he has an
nounced that he villa stock market
rally is expected. But that business is
| giving more sober appraisal OF stock
market values in the light of their true
worth than at any time since the de-
preston values of 1921 Is now recog-
niEed
| Until commodity values become more
| stabilized no substantial improvement in
business Is expected.
Four we'll known Anericans-Col H.
L. Cooper, builder of Muscle Shoals
Thomas D. Campbell, the worlds largest
individual wheat farmer; Arthur B.
Davis, one-time head of the United
States Reclamation Service, and Ralph
Budd, president of the Great Northern
RAilroAd-are all either in Russia or on
their way 70 assist the Soviet govern
ment in making its Industrial and busi-
ness organizations stronger.
In recent years Col. Cooper has been
In Russia frequently, helping In the
construction OF the znieper River hy-
oraulic construction plant, which will
cost Sl20, 900 900, and will be the largest
and finest Of its kind in Europe.
Thomas D. Campbell is organizing
Russia's farming area into new 100, 600
acre wheat units, to be cultivated by
American machinery and American
methods.
Arthur p. Davis. one-time president
OF the American Society of Civil En-
gineers, is there to supervise construc-
ton work on several power dams and
to develop irrigation projects especially
In Central Asia. where such work is
most needed.
And now Ralph Budd, president Of
the Great Northern Railroad, is on his
way to help reorganize Russia's railway
system, the hardest job of all.
Besides these outstanding business
men, from 700 to 800 other American
business experts are in Russia, being
paid generously and well, to help that
country Americanize itself.
Before Mr.. Budd left last week he
was given q dinner in New York, at.
tended by some of the most powerful
financial business leaders Of the world.
The politicians may not be interested
In Russia, but the business men are.
Three business men In the last three
DAYS have told me that they expect to
spend their vacations in Alaska. Not
one OF them has ever visited the North
Country before.
Alaska is inst haeiyyi,,,, a. ..,.n,,, 80.
1t is beautiful country in the Summer
time. Its natural resources are almost
unlimited. Its vast timber resources are
hard to beat. It's estimated that !, 300.-
600 tons of neWsprint can be manufac-
tured annually from the territory with
out endangering the foreSt-enough to
supply one-fourth of the newsprint needs
OF the united States at the present
rate of consumption.
Two paper plants are in process of
construction now the beginning of a
new and important industry.
Mining in Alaska has always been A
big industry. Two mining companies
alone have produced 5000, 900 900 worth
of copper during the last 10 years of
operation. The gradual depletion Of
these mines offers encouraging pros
poets for future mineral Developments.
But more particularly a new active
travel bureau has begun to function
With aviation becoming popular and
the construction of new roads proceed
ing rapidly, Alaska is bound to become
a big tourist center.
Alaska, after q hundred years of neg
lect, seems to be coming into its own,
Bandit raids on American banks are
on the increase. For the six months
ending February % last the banks re-
ported for investigation 3ll forgery
cases, lot hold-up robberies, 16 bur-
glaries, sneak thieves and mortgage
SwindlerS.
Unless an improvement Is shown
the remainder of the year the record
breaking total of nearly 400 daylight
bank robberies is indicated" says a re-
port of the American Bankers Asso-
citation.
How are these daylight robberies to
be controlled? Unemployment undoubt-
edly has aggravated the problem, but
the American Bankers Association be-
lieves thai a State police force is pref