Indianapolis Times, Volume 34, Number 203, Indianapolis, Marion County, 4 January 1922 — Page 10
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PEKIN BEHIND NO CONCESSION CHINESE POLICY Dr. Sze Says Bending to Japan in Shantung Negotiations at an End. PUT HOPE IN MEDIATION ■WASHINGTON, Jan. 4.—The new government at Pekin stands squarely behind the Chinese delegation here in its policy of making no further concessions in the negotiations with Japan for the return of Shantung, it was announced today by Dr. Alfred T. Sze, one of the senior members of the delegation. Instructions received from the new Chinese prime minister npprove the work already done by the delegation and announce that there is to be no change in the foreign policy, I>r. Sze said. Any effort by Japan to bring abouc a settlement of Jhe Shantung controversy by direct negotiation with Pekin will therefore come to nothing, it was stated, and no opportunity will be given the Japanese to avoid the Shantung issue in the Washington conference when China brings it up. SEE EFFORT TO EVADE CONFERENC E DISCCSSION. Notwithstanding denials by Baron Kato, head of the Japanese delegation, that efforts have been made to renew negotiations directly between Tokio and Pekin, members of the Chinese delegation believe such efforts are being made. They see in the Japanese statement that the subject of Shantung was brought up only casually during a courtesy call by the Japanese upon the new premier of China, merely another attempt on the part of the Japanese to camouflage their efforts to avoid discussion of the Shantung question in the conference. Meanwhile the Chinese delegates are bringing all the pressure they can muster to bear upon Secretary Hughes and Mr. Balfour to use their good offices in the interest of a s°ttlement. Since it was only because of the tender of those good offices that the Chinese agreed to attempt a settlement of the Shantung problem outside the conference, the delegates will have no hesitation in demanding that they be given the benefit of such mediation. The Chinese are not entirely satisfied with the way their suggestions of mediation thus far have been received. Mr. Hughes is extremely anxious to see the Shantung problem settled before the conference adjourns, but he is loathe to proceed too rapidly in view of the assertion of the Japanese that they must await instructions from their home government. OTHER SPATTERS HINGE ON SHANTUNG SETTLEMENT. Nevertheless the Secretary of State realizes that several other important matters affecting China and the fullest success of the conference are contingent upon a solution of the Shantung problem and he had no intention of setting the seal of his approval upon obstructionist tactics on the part of Japan. He is not forgetting that France agreed to surrender Kuang Chouwan only in the event that similar action was taken by other powers bolding leased areas in China, and that Great Britain made the Return of W'd-Hai-Wei contingent upon Japanese#giving up Shantung, any rale there must be at least one flkJljtoe of tm so-called “collateral converthe Japanese and jSfiSSyMPele gates before tu-got'.ations off. Ibis meefmg will We tne purpose of permitting .Tanau BHBally to acquaint China with the r--of the exchange of communications Washington and Tokio. It is Ken that announcement is most likely V be made of the mediation, if Mr. Klughes and Mr. Balfour decide to accede ■o the importunities of the Chinese.
RATE-MAKING POWERS MAY BE REDUCED (Continued From Page One.) by all the expert engineers, both those of the plaintiff and those of the public service commission.” The physicial valuation of the property on Jan. 1, was found to be $1,785,280. REPORT SHOWS DEPRECIATION. The report states the annual rate of depreciation will be not less than 6 per cent on the property, but, for the purposes of the report 5 per cent, the figure used by the commission, will be used. It suggests, however, the commission might Increase ths depreciation rate. This is a vital factor in determining earning Xtower and rates. The report has the following to say on the financial condition of the company: “The master finds the net income to the plaintiff corporation produced by the rate fixed by the commission in the order complained of is 1 3-10 per cent based on the conceded valuation of the property used and usable. The evidence shows the prevailing rate of interest in the city of Ft. Wayne on well secured bank loans for short time is 7 per cent. The rate on public utility preferred stock or first mortgage bonds, where the security is of undoubted soundness and the company has had an uninterrupted history of di-vidend-earning power is 8 per cent. BOND ISSUE IS ALTERNATIVE. “The plaintiff company la in the position where one of two things must inevitably happen. Either It must float a considerable Issue of preferred 6tock or first mortgage bonds to obtain more than $1,250,000 to reconstruct the plant and, In order to do this, it must have c net return on its property, used and usable, invested la the business of not less than 8 per cent, or It must continue to stumble along in its present condition, furnishing a poorer and poorer service, until it inevitably goes Into bankruptcy. Os course, the latter alternative involves a gradual confiscation of the property of the corporation, for its capital must Inevitably Ne consumed piecemeal in attempting to provide service under the rate fixed by the puLlie service commission.” TRIAL ADDS TO INCOME. ST. CtAIRSVILLE, Ohio, Jan. 4.—Several lo<Jai residents are making money out of (he trial of Andrew Surgent, charged, with murder. They go to court as soon as the building opens, get front seats nn< sell them to murder fans for sl.
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When Congress Met in Wall Street
BT O. P. AUSTIN. Statistician, the National City Bank of New York. Just 131 years ago the Congress of the United States was bidding adieu to Wall street, where it had associated with the “money power” for a five-year period, returning temporarily to its scenes of former activity at Philadelphia, whence it was to finally remove to the new capital to be established on the Potomac. Few of the thousands of people who pass the historic spot at the corner of Wall and Nassau streets, but a few feet from the doors of the National City Bank of New York, are mindful of the stirring events which occurred during the five years in which it was the abiding place of Congress. It was in 1755 that the Congress of the Confederation, after a decade of wandering in search of a permanent abiding place, established itself in the modest old City Hall, which then stood at the corner of Wall and Nassau streets. During the period of its existenee, which began at Philadelphia in 1774, it had held session in no less than seven different cities and towns, thus making New York the eighth capital of the United States, while Washington became in its turn the ninth capital. CONGRESSMEN KEPT ON THE RUN. The peripatetic life which Congress had led during the decade before settling down in New Y’ork had been in large degree due to the necessity of hurried moves to prevent the capital and the Congress falling into the hands of the British. The first movement from the original meeting place, Philadelphia, occurred in 177<i, when the British were preparing to move upon that town, and the December session of that year, 1770, was held at Baltimore. With the danger of an immediate occupation of Philadelphia temporarily removed, however, the Congress returned to that city in March. 1777. But with another movement of the British In that direction, it hastily removed to Lancaster, Pa., where it remained for but three days, removing thence to York on the opposite side of the Susquehanna, where it spent all of that terrible winter in which Washington was at Valley Forge. COLONS RETURN TO OLD QUARTERS. On the evacuation of Philadelphia by the British in 1778, Congress returned to its old quarters in that city, remaining there until 1753. Owing to some misunderstandings with the Philadelphia authorities, it removed over night to Princeton, N. J. At Princeton it completed its session and there adopted a plan for the creation of two permanent capital cities, one to be located on the Potomac and the other on the Delaware: the sesslous pending the construction of the proper buildings at the neve capitals to be held alternately at Annapolis and Trenton. The session of 1783 was held at Annapolis and that of 1784 at Trenton, where it appears that the lure of the great city of New York, which had then a population of 33.000, overturned the double capital plan, and in January, 1753 the Congress removed to New York, where it was granted the use of the city hall. All of the meetings up to this time had, of course, occurred under the Articles of Confederation, which, however ,had proven unsatisfactory, and when the ninth State ratified the proposed Constitution, in 17SS, the Congress, then in session in New York, hastily passed a measure requiring that the vote for the President, provided by th new Constitution, should occur on “the first Wednesday in January, 1789,” that the electoral votes should be east on “the first Wednesday in February,” and tha tthe President should be inaugurated on “the first Wednesday in March.” As it happened that the first Wednesday in
"Wall street in the early days of the Republic . The building with the "custom house” sign is ou the site of the present home of the National City Bank of New York,
March fell upon the fourth day of that month, the date “March 4th,” as the beginning of the term of the President and Congress, was thus permanently established. INAUGURATION IS DELAYED. With the limited facilities of communication and travel which characterized those days In which the telegraph, the wireless, the railroad, or the flying machine had not yet been dreamed of, the official report of the election did not reach General Washington at his home in Virginia until April 14, 1789, and because of the time occupied by his Journey thence to New York, his actual inauguration did not occur until April 30, 1789. Meantime, the enterprising citizens of New York, realizing that the dignity of Congress and President under the new Constitution required more suitable surroundings than those offered by the old '•it'- hall, had contributed $32,500 for the Improvement of that building, and it was ien.uuc<i “Federal Hall,” und thus became the meeting place of the First Congress under the Constitution and the place in which Washington took the oath of office as the first President of the United States. It was during the second session of that first Congress under the new Constitution that tho events occurred which resulted in the departure of the Congress from New York and the establishment of I the permanent capital of the Nation at I the spot now designated as the District
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The American Con gross had ten meeting places up until the time it was located in Washington in 1800. The pictures reproduced here are from rare old prints and original drawings collected by Mr. Austin. They are listed below in the order in which the buildings were occupied by Cougress: 1. Nassau Hall, Princeton. N. J., November, 1783. 2. Courthouse, York, Pennsylvania, 1777. 3. StatehouKe ( Annapolis, MJ., 1783. 4. Old City Hall, New Y’ork, Wall and Nassau streets, 1783-88.
of Columbia and the city of Washington. One of the first important questions laid before the Congress had bepn that of the assumption by the Government of the existing debts of the Confederation and those which the States had created during the revolution. The foreign debt amount ed to $12,000,000, the domestic debt of the Confederation $42.000,000. while the debts of the various States incurred during tne Revolutionary War aggregated Sjf.ooo.ooo making the grand total of $80,000,000, a sum which then sounded large, no matter how small it seems to us in these days in which we count governmental appropria tions in terms of billions, ALEXANDER HAMILTON’S THREE PROPOSALS. The proposition submitted to the Congress by Hamilton included: First, tbs assumption of the foreign debt of th* Confederation; second, the full payinen of the domestic debt, which had fallen far below par in market value; and third, the assumption by the Government of the debts incurred by the respective States during the revolution. The first proposition, for full payment of the foreign debt met with no opposition, and that for the payment of the
domestic debt was opposed by many but received a majority vote. The third proposition, that the Gov- ■ eminent of the United States should assume the debts created by the respective States during the Revolutionary War, 1 was bitterly opposed and Its flnnl settlement resulted incidentally In the goodby of Congress to Wall Street. The; opposition to payment by the Government of the claims of the respective States was bitter and long drawn out, much of the opposition being based upon the assertion that the claims had already been bought up ty speculators, and that the asumption by the Congress under that date would not be materially beneficial to the States themselves. Most of these claims were held in the North, and as a result, the members from the Northern States favored tho proposition, while those of the South were almost solidly ; against it and succeeded in temporarily! defeating this feature of the measure. HOW QUESTION WAS SETTLED. At this juncture, when the aiaump- : ! tion of the debts of the States seemed j | likely to fall, diplomacy got in its fine j | work. The question as to the perma- j nent location of the capital of the Na- ! tion was then pending. New York, Phila- | delphia and Baltimore wanted it. So did ; several other enterprising cities and towns in the middle States and In Yir- j ginia. The South, which was opposing l the measure for the payment of the j claims of the States, was solidly in fa- j vor of the transfer of the permanent seat j of Government to that section of the i country. Hamilton favored the payment of the claims of the States, Jefferson fa- j vored the location of the capital at the j South, and these two experienced men, j putting their heads together, worked out j a plan which was laid before certain of | their colleagues at a dinner at the home I of Jefferson, where the details were j agreed upon. The next day, to the as- j tonishment of those not immediately j participating in the agreement, the hos- j tility of certain Southern members to the payment of the claims of the States mysteriously disappeared. The bill for payment of these claims was passed and a little later the measure establishing a permanent seat of government on the Potomac became a law, with a proviso that Congress should remove to Philadelphia before the date set for the next session, the first Monday in December, 1790, and remain there until tile year 1800. by which
INDIANA DAILY TIMES, WEDNESDAY, JANUARY 4, 1922.
6. Courthouse, Trenton, New Jersey, 1784. 6. Baltimore, December, 1776. 7. Federal Hall, New York (reconstructed City Hall), Wall and Nassau Streets, where the first Congress under the Constitution met, and President Washington was Inaugurated. 8. Carpenter's Hall, Philadelphia, 1774. 5). Courthouse, Lancaster, Pennsylvania, 1777. lb. Independence llnll, Philadelphia, 1775, 1777-78, 1790 1800, 11. first Capitol building at Washington, D. C., 1800.
time the capital buildings and presidential residence would le ready for occupancy. And this is how it happened that. 131 years ago Congress was tearfully pack-
Advisory Delegate Sees Gain in Arms Conference
BY CONSTANCE DKF.XEL. WASHINGTON, .Tan. 4.—No one can deny the disappointment over the apparent failure to at least restrict the building of submarines. That means that the mad race In other forms of auxiliary craft and instruments of warfare will also go on What are the four women advisory delegates thinking about it ? Are they satisfied with themselves or with the conference? Have they contributed as much to its success as might have been expected? It has been impossible to determine bow the women advisory delegates have felt about the submarine crisis because all except Mrs. Kelson are still out of town. However, Mrs. Edson, who lives way out in California, and tbns found it impossible to go home for Christmas, has returned from New Y'ork, and is staying with Mrs. Gifford I’lnehot. Sho was found at Mrs. Egan’s desk in the rooms of the advisory committee in the conference headquarters In the new Navy Building. "What do you think of the conference?" I asked her. “Do you think it has failed because of the failure to curb the num ber of > submarines?” Bho was asked. “No Indeed,” was her quick, emphatic answer. “The agreement to stop building capital ships costing $40,000,000 apiece and the willingness to scrap some of those already building as the United States, England nnd Japan have agreed to do, is an immense step in advance toward disarm ment. “Secondly, there is tha four-power treaty. Coming from the Pacific Coast, as 1 do, perhaps I attach more Importance to that treaty than persons in tills part of the country. But that
An Appreciation We take this occasion to thank the many thousand friends who responded to our invitation to be our guests at the opening of our new banking home Tuesday, Jan. 3. We wish to assure the hundreds who opened new accounts with us of our hearty appreciation. We expect to render the people of Indianapolis and Indiana a service far exceeding what we were able to give in our old location. Our wish for 1922 is that it will bring Health and Prosperity to All National City Bank of Indianapolis National City Bank Building 108-112 East Washington St.
ing its belongings at the corner of Wall nnd Nassau streets preparatory to the trip to Philadelphia, which was then a matter of several days, instead of a couple of hours, us at present.
four power treaty, eliminating as it does the British Japanese pact, which we have always disliked In the West, is the second great accomplishment of the ron ferenee.” Mrs. Edson was not a hit downhearted and felt that the Washington conferenct has fully Justified itself, even though all that might have been accomplished will not be possible,it this time. A large audience, mostly of women be longing to affiliated organizations, listened with rapt attention the other aft ornoon to a summing-up of the British position on submarines by Capt B Domvlllo, one of the chief naval advisers to the British delegation, at the headquarters house of the national council for the limitation of armaments. Captain Domvllle explained at some length the reasons why British claimed submarines were useless as a defensive weapon except breaking, no matter what international rules might be made. It Is with this contention that the United States naval advisers differ, thus preventing the United States from supporting Britain in her plea for the abolition of submarines by this conference. However, the British Intend (o keep up that agitation in Washington, and the subject will not be dropped, even though the failure to curb this weapon of war will bo laid to the conference. The Root proposals are considered merely ns a temporary expedient without much import one way or another Perhaps the men will forget atl about the submarines after the conference is over, except to go on building them, so it may devolve upon women to keep up the struggle against them.—Copyright, 1921. by Public Ledger Company
HAYS DISPOSED TO ACCEPT BID TO HEAD MOVIES Does Not Wish to Change Jobs if Construed as Harding Desertion. NEW IN CABINET TALK WASHINGTON, Jan. 4.—Postmaster General Hays in personally disposed towards accepting the offer to become head of the motion picture Industry of America, although his final decision is still under consideration, it was learned authoritatively today. While the offer of a three-year contract at a net salary of SIOO,OOO a year, exclusive of all income taxes is admittedly appealing, Hays does not wish to make a move at this time which might be construed as a desertion of the Harding Administration. He is also in the midst of working out a number of policies in the postofftee department which he wishes to see realized before he leaves the cabinet. Whether these policies will be carried out if he resigns i) understood to be 'tie question on which his decision is hanging. Hays spent two hours af the White House on his return here yesterday and he will hold another con;v-'-' h the President within the next, few days. President Harding is said to lie reluctant to have his cabinet disarranged so soon after the beginning*of his Administration, but Hays has assurance that the President will interpose no obstacle in the way of a resignation if Hays decides upon that course. Hays is attracted by the educational feature of the proposed job. The movie industry, now fourth in the United States. offers opportunities for educational work yet scarcely touched, he thinks. Speculation as to the next Postmaster General in event Hays resigns is al ready being widely Indulged in here. William B yi e Thompson of New York, a close friend of Hays and prominent In the Republican party, is mentioned as a possibility. Others whose names are being discussed include Senator Harry New, Indiana; John T. Adams, who succeeded Hays as chairman of the na tinnal committee, and John T. King, former national committeeman, of Connect!-
SHANK SCHEME FOR PARK PLAYS IS FINE IDEA R. Walter Jarvis. Director of Recreation, Sees Big Possibilities. I>. Walter Jarvis, director of recreation, said today that he sees great possibilities in Mayor Saraurl Lewis Shank's pi.i n to have standard plays presented in the public parks under the direction of Mr and Mrs. G. farlton Guy. proses stonals who hue been appointed to positions in tlie recreation department. Mr. shank has instructed Mr. Guy to work out a plan with Mr Jarvis. The two will start work on details in a few days. In a preliminary disenssion of the scheme Mr Guy discovered that he will have a qualified helper in Mr. Jarvis since tlie latter was at one time professionally interested in the theater. During the Spanish American War. in which Mr. Jar vis was a volunteer, he had charge of recreation for the 6th Brignoe. stationed at Camp Alger. Va., and gained fame all over the Past for the theatrical troupe he organized among the soldiers. Shortly after the close of the war be spent thirtynine weeks studying under Walter Brown, assistant .tuge manager for Richard Mansfield and several months studying under Wright I.primer, stage manager for “The Shepherd King,” then one of the leading success! k in New Y’ork City. The assis.an-c of the Little Theater Society in • rc-enting the out of-door theatricals was offered to Mr. Shank yesterday afternoon by Mrs. W. O. Bates, president ; Mrs. R Felix Gedries, member of the board of directors and It. Felix Geddes. member of the society. Mr. Shank declared 1m was happy to receive the offer and believed the society could be of great help. ASKS TO GO TO JAIL. EAST ST. LOUIS, 111., Jan. 4.—Jesse Hanley, 37, is not n masher, but got a ninety day sentence at his own request. “My wife wouldn’t believe I was falsely arrested and would kill me.” Hanley told the judge, in asking for a jail term.
NEWBERRY TO MAKE DEFENSE BEFORE SENATE Michigan Election Case Rests With Man Who Seeks to Keep Seat. OTHER SOLONS WEIGHED WASHINGTON, Jan. 4.—Truman H. Newberry of Michigan, today held bis senatorial fate in nls own hinds. Hit own defense before (fte Senate against charges of too lavish expenditure in connection with his election probably will determine whether he retains or losses hit seat. Half a dozen Senators will determine the question. If Newberry convinces them with his defense, which he is now preparing, he will keep his place, if bis personal appeal to the Senate fall! to move them, he will be ousted. Newberry’s defense ’‘managers’’ who have seen the speech he will deliver in person to the Senate late this week ot early next, predict the mere fact that he defends himself will satisfy the "doubtful” Senators. There were indications, however, that some of them who insisted he mu<t defend himself, wish more than a mere perfunctory answer to the charge). Meantime it is becoming apparent to the Senate that the country feels more deeply about the Newberry matter than either Republican or Democratic leaders suspected. The result has been to put several Senators who next November will seek ree'ection in uncomfortable places. Cummins of lowa, is one; Johnson of California is another. Cummins insists he lias not commited himself. Johnson is on his way to Washington from the Facific coast end is expected here in time to vote on Newberry. Poindexter of Washington, who is still on the coast, has sent word
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he will leave for the capital the middle ot January. He said he expects to be here in time for the vote. Townsend, Michigan, Newberry’s colleague, finds his political fortunes tangled with tbo Newberry case. Some Republican Senators say they wish to bsar Townsend's final defense of his colleague before making up their minds.
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