The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1933-09-29

Cd" "ar''h by the more conserv-
alive factions that favored the return
to power of Des Cespedes whom the
radicals had showed out. In the har-
Dor of Havana and elsewhere about
the island were American warships, en-
bodying the possibility of armed inter-
vention by Uncle Sam If conditions be-
came too chaotic. In the capital city
and other centers new political and
revolutionary factions formed nightly,
and various strikes complicated the
situation. Money, food and gasoline
for the troops that were supporting
Grau San Martin were running low,
and merchants were refusing credit to
the government.
In a general conference Of all fac
tons the old school politicians and
representatives Of various opposition
revolutionary groups demanded the
immediate resignation of Grau San
Martin. He refused and made the
counter proposal that he retain the
presidency and change his cabinet so
as to give representation to all
groups. No decision was reached at
that time, and the peril of American
Intervention increased hourly for there
was disorder all over the island.
Then the opposition leaders held an
other meeting and announced that they
had agreed to truce and to give tenn
porary support to Grau San Martin
until some proposal for harmonized
provisional government should be ac-
copied. This plan, reduced to writing,
was handed to the Rotary club, serving
as mediator, and by it transmitted to
the President. The opposition had not
receded from its position that Grau
San Martin and his government must
resign.
WAsHINGToN' OF course was
w watching the developments In
Cuba with deep interest, not to say
anxiety, but President Roosevelt was
determined to avoid Intervention If
possible. Through Secretary Of State
Hull he indicated that he would fol-
low a line of strict neutrality among
the islands factions and would permit
Cuba to solve her own political prob
lens. Mr.. Hulrs formal statement
was:
1.-THE government of the United
States has no interest in behalf of or
prejudice against any political group
or independent organization which is
today active in the political life of
Cuba"
CECRETARY of the Treasury Wood
- in, resuming his duties after two
months absence due to throat infec-
ton, was surprisingly optimistic con-
corning the governments financial con-
dition, asserting that he believed the
treasury might show surplus for the
period from January to June 80 next.
"We are getting in lot of money"
Woodin said. Receipts are rising
rapidly and will go long way toward
balancing the budget"
NEW YORK city's new high tax
IN rates may drive the Stock Ex-
change out of the metropolis and to
Newark, N. j. Already Incorporation
papers have been filed in Trenton for
the National Stock Exchange" the
fncorporators being members Of the
New York exchange. Col. William
Freiday. it's president, said:
"This move was made after much
elaboration and a series of confer
ences among members. The new city
tax of s4 per 100 shares moved in
stock transactions is supposed to be
effective for six months only, but the
same tax imposed by the state recent
ly was extended year and the men,
bers are skeptical that this city levy
will be lifted at the end of six months"