Jasper County Democrat, Volume 22, Number 88, Rensselaer, Jasper County, 31 January 1920 — STOLEN BONDS SEIZED BY U. S. [ARTICLE]

STOLEN BONDS SEIZED BY U. S.

Brokers and Accomplices Arrested In Raids In Various Cities. BOBUS PLANTS ARE FOUND Elaborate Equipment for l*rinting War Saving Stamps Discovered by Sleuths—Women Taken, Too. Wasinngton, Jan. 30. —Secretary «f the Treasury Glass consented to a reduction of the amount in the European relief bill from $150,000,000 to $125,000,000, but insisted that to cut it to $50,000,000, as proposed, would be worse than nothing. Mr. Glass told the house ways and means committee he had discussed with Herbert Hoover the suggestion that the amount should be out to $50,(X)0,000, which are the profits of the t.e Grain corporation. “Mr. Hoover confirmed my opinion that $50,000,000 would do more harm than good and would not relieve the situation," Mr. Glass said. Hoover Agrees to Cut. "We concluded, however, that the $150,000,000 might be pared to $125,000,000. This is not, as you know, an additional appropriation, but will come out of funds already on hand in the grain corporation. “Those who have come to my office to depict conditions in Europe literally horrified me with their recitals. They tell me that men, women and children are dying by thousands. “One gentleman told me that within two squares, In one of the Austrian cities, he counted 87 dead bodies lying on the streets unburled; that the children who survive are growing up deformed. , May Lose Some of It. “We shall hope to get some of it back, hut shall not bo disappointed if we don’t get it back, directly. Mr. Hoover thinks some of the securities which we shall receive will be good; all will be slow, some will be bad, some worthless.” Norman Davis, assistant secretary of the treasury, told the committee that the British government had agreed to furnish all the tonnage available for the transportation of the food from the United States or to pay for It. Mr. Davis said that the freight on $110,000,000 worth of food would be about $30,000,000.