The midland journal. (Rising Sun, Md.) 1885-1947, 1934-11-23

spend the new money for government
bonds, thus creating an endless chain
Of credit arrangement. So long as this
chain were maintained unbroken, the
governments credit would be mex
haustible.
Something like fifteen billion dollars,
according to Mr.. Eccles, should be
spent by the government for public
works and housing projects, and he
thinks this vast sum can be obtained
by following out his monetary plans.
TINE government has issued an order
L permitting the free expectation of
capital from the United States, and
business men take this as a concession
to those who demand sterilization of
the currency as prerequisite to bust
ness recovery. 1t does not mean
sterilization but is a step toward it
and indicated the administration has
dropped the idea of bringing about re-
covery by debasing the dollar. Pre-
sumably, if further attempts to cheaper
the dollar in foreign exchange were
contemplated. the treasury would not
leave the doors open for the wholesale
flight of American capital abroad.
a RIZONA is determined to prevent
"A the construction of the Parker di-
version dam across the Colorado river
unless it gets what it considers its
share of the hydro-electric power to be
developed by that project. Gov. B. B.
Moeur declared war zone" on the
Arizona side of the river at the dam
site and sent detachment of National
Guardsmen with rifles and machine
guns to halt work there.
The United States bureau of RECLAIM
alton ordered that work on the Parker
dam on the Arizona side be stopped
until the dispute is settled, so Gov
ernor Moeur called the troops back to
Prescott and Phoenix.
Its a showdown this time," Moeur
said, 1--WE are going to get something
or we aren't. And if we can't expect
anything, we want to know it before
this project is farther advanced"
w. p, Whitsett,, chairman of the Los
Angeles metropolitan water district
board of directors, said he heartily
agreed" with Governor Moeur that Arr
IONA should have one-half of the power
privilege at the Parker dam.
DELIBERATIONS Of Armistice day In
~ the United States and the allied
countries of Europe were generally
marked by warnings Of the dangers OF
another terrible war in the not distant
future. At Arlington national cemetery
President Roosevelt quietly laid
wreath of chrysanthemums on the
grave of the Unknown Soldier while
military detachments stood at atten-
ton, and then. as taps sounded, Mrs
Roosevelt stepped forward and placed
a single white flower at the foot OF
the shrine. National Commander Bel
grano of the American Legion was one
of the speakers at Arlington, and called
for adequate defense of the nation
against both foreign foes and the forces
of unrest that are attacking our insti-
tutions.
TN A cablegram to the League of Ma
1 tions, Chancellor Riart of Paraguay
said his government could not accept a
truce in the Chaco war In return for
international guarantees. as was pro-
posed by the league. Riart insisted
that an end to hostilities should come
before negotiations are undertaken to
solve the war and to arrange definite
terms for peace. However, Paraguay
accepted the principle that the conflict
proper should be settled by concili-
alton.
The Chaco consultative committee of
the league asked the secretary gen.
eral to request the United States and
Brazil to collaborate in ending the war.