The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1934-01-12

&2$ READY nave ulScuSStu
h. the matter with the
corporation, am ing
jesse ~. 'o"es them the New York
Central, which has a maturity of $4S,-
100000 due May 1.
Wall Street statisticians have es-
timated that the larger maturities to-
tai about $372, 100000, but smaller ma
turtles probably will add another
$1O0,OOO,OOO, and buying of rails and
rolling stock might put the railroads
expenditures for the year far higher.
Jones mentioned figure of S2,300,0O0,-
600.
Most of the roads are asking the
corporation to advance half Of the ma
turtles, planning to pay portion Of
the bond issues in cash and the re-
mainder with new bonds.
THICAGO's great meat packing in
~ dustry expressed indignant sur
prise at sweeping charges of noncom-
pliance with the Presidents recovery
program made at Washington by
Speaker Rainey. Spokesman for all
the big concerns declared they were
doing all possible to cooperate with
the government and that Mr.. Rainey's
statements were inaccurate and mis-
leading.
In Washington 1t was said the
AAA was investigating the packing
industry and that If the latter does
not comply with the spirit of the farm
relief and recovery programs it faces
the possibility of being virtually taken
over by the government.
D ADICALS in Argentina attempted
IN revolt at Rosario and Santa Fe,
in the northern part of the country,
attempting to prevent the forthcoming
elections. But the authorities were
alert and suppressed the uprising.
The mounted police fired on the crowds
and score or more Of the reds were
killed and many wounded when they
attacked the arsenals and police head
quarters. Buenos Aires, the capital,
was excited but as the police and
troops were held in readiness there
was no violence.
light hundred representatives from
II all parts Of the Soviet union gath
cred In Moscow for the opening of their
parliament-the all-union central exec
utive committeeman heard Vyaches-
laff Molotoff, president of the council
of commissars, assert that the recogni-
ton Of Russia by the United States
was the outstanding success of the
Soviet policy in 1888. He warmly
praised President Roosevelt's initiative
and said the removal Of the abnormal
situation" of non-recognitfon was well
coined by the peoples of both countries
Molotoff pictured In contrast the
betterment of Soviet relations with
France and Poland and the uncertain
ty regarding Germany and Japan. He
warned his hearers that the danger of
war was never more threatening than
now.
Concerning domestic affairs the pres
ident declared the successes Of the first
year VI IAc SCNOh0 Dldu lU-
Guided rise of IL per cent In the out
put of heavy industry and crop un-
precedented in Russian history.
DLANS of the Navy department to
build up to full treaty strength by
1889 contemplate congressional sane
ton for the construction of 1O3 ships,
and for maintaining the fleet at the
strength allowed by the London naval
agreement or any arms pact to which
this country might adhere
An average of twenty vessels would
be built annually. The cost is esti-
mated at S516,OOO,O0O.
The United States is now 2O7, O3O
tons under the total granted by the
London treaty, but "a ships are build
ing or under contract. The money
comes from regular appropriations and
public works funds.
MAJ. Gen. Edward L. King, q. S.
1Sl A., commander of the Fourth
corps area, died suddenly in Atlanta,
Ga. He was graduate of West Point
and served in France during the World
war, earning many decorations. He
also fought in Cuba in the war With
Spain.
COLUMBIA university's football
~ team gave the country a surprise
by defeating Stanford, to O, in the
Rose Bowl game at Pasadena. The
field was like swamp and rain fell
continuously during the game.
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