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

predomlnateS. Money rates seem to
be higher in the West and South than
In the districts where larger volume
OF money Is handled. II may be, then,
that maximum rate of per cent
will cause borrowings to take place
that have been held back by banks
which seek to hike the interest charges
too high.
From our own war on the depres-
sion, it seems to me we ought TO turn
our eyes a moment
The Foreign to conditions abroad
Situation that depict to many
observers a state Of
"war-mindedness" that has not been
evident since the end Of the world
conflict In 1918. One can gain little
satisfaction from interviews among
our own government officials, respect
ing the potentialities of the foreign sit
uation, because remarks from officials
Of the Washington government at this
time would simply add fuel to the
flame. Nevertheless, an ordinary OBJ
server can see the potential dangers
once the facts are made known.
In France, in Italy, In Germany and
even in Switzerland, that little republic
that always has been a barometer of
international relationships, there is
evidence of war planning. Even In
our country, attention can be called to
the program for building up the navy.
Our government says ii wants navy
of the strength allowed by the London
and Washington treaties, and by build
ing it now, work is made available for
the unemployed. England alone, of
all of the major powers, seems to be
making few steps toward arming.
Interest has centered in gigantic
fertilization along its frontier that
the French government has construct
ed. No one knows what it has cost,
or will cost when ultimately paid for |;
it is known only that there has been
constructed a veritable concrete and
steel system of subterranean for
tresses, passageways, munitions depots
and supply bases along the frontier
for about one hundred miles, and that
these one hundred miles roughly con-
stitute the boundary between Germany
and Italy on the one hand and the
| French on the other.
But the operations of the other pow
ers should not be overlooked. The
Italian government lately has put 160,-
coo men through maneuvers in a ter
ritory that might naturally be the To-
Gale from which a ''putsch" into
France would be attempted, and little
Switzerland doubled the size of the
army it annually calls out for maneu-
vers. This action was explained as
training in the defensive" for the
army, but at least it was bit unusual.
The Germans, under Adolph Hitler's
direction, lately have completed and
opened for business
War Clouds what is said to be
Over Europe one of the largest
of airports on the
European continent. 1t is located al
most on the border between Germany
and Austria, and some qualified OBJ
servers maintain ii was placed there
because of the growing pro-German
sentiment in Austria. Their thought
is that Hitler expects some time to
have control of Austria, and he as
sured the pro-Germans of Austria that
he is looking after their interests by
providing an air fertilization where it
will be of assistance to them in event
of trouble from outside Of the two ma
tons. In other words, the implication
is that Germany is gradually coaxing
Austria back into an alliance such as
existed under Kaiser Wilhelm.
In addition to these things, one cam
not overlook the Hitler assertions that
are strongly anti-French, nor the Nus
solini declarations indicating he will
have more territory, nor the fact that
the French have 6SO,O00 men under
arms this year. Likewise, 1t cannot
be passed as insignificant that Brit
ishers are reported to be steadily dis
posing of French real estate holdings,
investments that have been heavy in
years past. It may be only hot-head-
edness on the part of the statesmen,
so-called, now in power in those sew
eral nations, or it may be that there
are grievances that are real instead
of fancied. Whatever the underneath
condition may be, or is, it Is apparent
there are potentialities of war obtain
ing in Europe now that have not been
visible in a decade, and in thinking
of a European war, it Is well TO re-
member the course Of that conflict
which ragged from 1914 to 1918.
The signature Of the treasurer Of
the United States appears on all Of the
currency issued by the treasury and
William A. Julian of Ohio lately has
become treasurer of the United States.
That provides the setting for this
story. A few days ago, callers at Mr..
Julian's office found him with a pile
of new dollar bills on his desk. They
were crisp, shiny notes, and Mr.. Julian
was in rare good humor over them.
While admitting that most everyone
would be in rare good humor over
stack of bills, there seemed to be some
reason for Mr.. Julian's holiday spirit.
How many children have you?" he
asked of one caller. The visitor replied
there were three. Mr.. Julian handed
him three dollar bills Another caller
had no children, and Mr.. Julian In
quired whether he had any nephews
or nieces. and when told there were
two, he gave that visitor two Of the
bills. II went on that way all day, ac-
cording to gossip around the treasury.
Mr.. Julian was giving away money al
most Ike a sailor on his first shore