The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1933-10-27

lions made 1t seem likely that bonds
bearing a cheaper rate Of interest than
the Az per cent carried by the fourth
Liberty bonds could be sold. II they
could, the government, which means
the taxpayers, could save money on
interest. Hence, the determination to
call part of the issue and, hence, the
ceremony. 1t was felt that only por-
tion of the big issue could be resold
at this time, so only one-third of it was
called.
Knowing of the program, went In
advance to the lobby of the undersec-
retary's Office. A tall, wooden ped
estal stood in the middle of the room.
Atop it was a glass bowl At the APP
pointed time, an attache Of the treas
urer's Office deposited ten envelopes
in the bowl. Each was neatly rolled
and held by a rubber band. Each en-
velope carried formal order directing
the retirement of certain portions of
the issue and stating that interest on
those bonds would cease as Of April
Is, 1884, the future date being neces-
sary because the bonds themselves
! stated that notice Of six months had
to be given In case of redemption In
advance of actual maturity.
Presently, the tall, digniied, Dean
Acheson, undersecretary Of the treas
ury, entered the room. There was
much taking of pictures, stills and
movies Mr.. Acheson then reached
into the bowl and drew therefrOm an
envelope. 1t was opened by Frank
Birgfeld, the treasury's chief clerk.
Mr.. Acheson read it's contents aloud. 1t
said that fourth Liberty bonds whose
numbers ended in the digits SO" SOP
or "1' or whose letter designations
were either 81" tx" or "a" were
called for redemption. That meant
that anybody holding any of those
bonds either would have to turn them
into the government or lose interest
on them after next April
The new issue will bear only 81 per
cent interest, so that the saving will
be almost S19,OOO,OOO a year, because
the bonds called total $1,S75,000,OO0.
Secretary Hull, Of the State depart
ment, apparently has had stomachful
of unw warrant d
Germany German. or rather
Hitler, assaults on
American citizens by
Hitler's storm troopers, and has asked
pointedly what is being done about
ending such indignities. He will be
told, of course, that efforts are being
made to punish the offenders, but /
think it is no longer a secret that the
Washington government is not at all
satisfied with the way Hitler and his
cohorts are treating citizens of other
nations. Indeed, believe / can see
signs that the Washington administra-
ton is growing a bit "cold" on Hitler,
himself.
The incident may or may not pro-
duce anything. 1t is possible that the
secretary of state may take that
step, as bold as it is rare, of issuing
proclamation that the United States
cannot guarantee the safety of Amer
lean citizens in Germany. The best
Judgment I can obtain is that this
stage will not be reached in the con-
troversy.
To Washington observers, the early
advices in response to Mr.. Hull's order
TO check up on punishment of storm
troopers who have assaulted Ameri-
cans have meant nothing but that the
Nazi chieftain was lodging the issue.
When his foreign Office said efforts
were being made" to catch the offend
ers, the corps of students of the sit
uation here Immediately calculated
that slang, but quite effective, ex-
preston: "Oh! YEAH" For it is to
be remembered that Mr.. Hitler has
complete domination of German affairs,
and that under conditions where the
dictatorship is so completely in con-
troll, there ought to be little difficulty
in putting an end to the condition of
which Mr.. Hull complains.
Among Washington observers these
days there is general tendency to
hand palm to Senator Joseph T. Rob-
inson, of Arkansas, Democratic leader
in the senate, for his courageous state
ment in favor of sound money. Senator
Robinson, it is generally agreed, took
his political life and his senate leader
ship in his hand by announcing the
other day that he Is unequivocally and
irrevOcably for sound money. do not
know what the outcome Of his action
will be, but of one thing am certain:
Senator Robinson broke open breach
as wide as the river between himself
and many of the Democrats from the
South when he declared for sound
money.
It is to be noted, In passing, that
such old-timers as Senator Pat Har-
rison of Mississippi, and Senator Dun
can Fletcher of Florida, each holding
powerful senate committee chairman
ships, have cast their lot with the
group of inflationists that numbers
such individuals as Huey Long of Lou
isiana, Burton K. Wheeler of Montana,
and Elmer Thomas of Oklahoma. Mr..
Thomas, it will be recalled, was the
senator who fathered the famous, or
infamous, Thomas amendment that
gives the President power to initiate
the currency in half dozen different
ways. That group also includes Rep
resentative Patman of Texas, who
wants to have the government pay
the soldiers bonus with greenbacks.
But to get back to the Robinson
statement: the Arkansas Democrat