The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1934-11-30

n l. DU POINT DE NEMOURS q
- Co. has supplied most of the gov
ernment's explosives almost ever since
the establishment of the Republic, and
during the World war, according to tes-
timony before the senate special com
mittee on munitions. the concern re.
ceived orders totaling one billion two
hundred and forty-five million dollars
and paid dividends tOtaling 45S per
cent of the par value of its original
stock.
At the request OF Chairman Gerald P.
Nye of the committee, Lammot du
Pont, president of the company, has
set forth his recommendations con-
corning the business of war munitions.
These are, In brief, the elimination of
all excessive wartime earnings applied
to every business and every individual,
and federal control over the export of
munitions.
DRESIDENT ROOSEVELT has gone
to his winter retreat at Warm
Springs, Ca, where he will remain
until after Thanksgiving day, and on
the way had some interesting expert
ences. First he travelled to Harrods-
burg, KY, where he helped Gov. Ruby
Laffoon and other officials In the un-
yelling and dedication of memorial
to the men and women who established
there the first permanent Anglo-Saxon
settlement west of the Alleghenies.
The monument, erected by the federal
government at cost Of 100000, over
looks Pioneer Memorial State park.
It depicts an epoch rather than an
event, and the only portrait among the
many carved figures is that of George
Rogers Clark, who there planned his
conquest of the old northwest terri
tory. II
From Harrodsburg the President
went to see the Tennessee valley de-
ve1opment which has been well called
the laboratory of the more abundant
life" 1t was with deepest interest
that he viewed the work that is being
Gone by about 1000 men building dams
in the Tennessee river and tributaries
to provide power, flood control, navi-
CATION and new fields of work for per-
sons drawn from improbable land.
After a visit to the Hermitage, home
of Andrew Jackson at Nashville, Mr..
Roosevelt inspected the revived Muscle
Shoals plants and the Wheeler and Will
son dams, and then went to Tupelo,
Miss, the first town to purchase power
from the new federal development
Senator Pat Harrison introduced him
at exercises in the town square. The
party continued to Warm Springs by
way of Birmingham.
nor the purpose of obtaining better
l. cooperation among federal agencies
engaged in lending government funds,
the President has appointed a commit
tee consisting Of the heads of the agen-
cies, with Secretary of the Treasury
Morgenthau as chairman. The new
organization will report to the Presi-
dent from time to time and its activi-
ties will cover the treasury, interior,
public works, federal housing, farm
credit, Home Owners Loan corpora
ton, agricultural adjustment admins
tration, export-import banking, COM
modify credit, federal deposit insur-
ance, the RFC, federal reserve board
and public works housing.
In connection with this co-ordinating
move, the White House stated that
when the present applications of the
Home Owners Loan corporation have
been reduced to terms of approval the
original s3,OOO,OO0,OOO allotment will
have been used up.
A NDREW MELLON may now have
"A another cause for grievance
against the federal Treasury depart
ment, for the government has made
charges against the Union Trust
company of Pittsburgh, Mellon insti-
tuition, Of filing "a false and fraud
ulent income tax return" for 1880 in a
tax action demanding payment of $685.
1913 plus a so per cent penalty.
In supporting its claim, the govern
ment listed eight transactions in 1881
as evidence that all were "a part of
a false and fraudulent course of con-
duct on the part Of said Union Trust
company" Among the 1881 .transac-
tions were two Accommodation" deals
with Andrew w. Mellon.
r INCLE SAM need expect no pay
~ ment from France on the war debt
on December Is, when the next install
ment is due. 1t is stated in Paris that
:::33:33;;sssxssssssxs** France will then de-
We fault for the fifth
straight time. Pierre
Etienne Flandin, new
premier, opposed pay
n ment in 1882, when
he was minister of
M finance, and his cab
met is now taking the
same position as the
III previous government
sS|:$ g S awaiting an Anglo
American settlement
Flandin -. g.
American negotiations.
The ONLY idea for revision of the