Richmond Palladium (Daily), Volume 92, Number 22, 26 January 1922 — Page 1

RICHMOND P ALLABIUM VOL. XCII., No. 22 rvtiiadtum. Kst. H31. Consolidated With Sun-Telegram. 1907. RICHMOND, IND., THURSDAY EVENING, JAN. 26, 1922. SINGLE COPY, 3 CENTS

AFRAin R flM 1 1 .v GOVERNMENT TO SUE

...."..J DAYTON COMPANIES

WILL INuntASE

INTEREST RATE Republicans Foresee Effect on Market of Borrowing Millions Must Care for Short Term Notes. NO CASHlRl EUROPE

ny MARK SII.I.IVAX WASHINGTON, Jan. 26 It isn't merely the bulk of the soldiers who are demanding a bonus; what weighs more with congress Is the fact that the bulk of the people generally seem to be demanding it. It was readily apparent that the one episode that had most to do with causing liarding and the other Repub

lican leaders to change front was an election held in Ohio last fall. That election was on the specific issue of a bonus to be paid by the state locally to its own soldiers. The project carried by a vote of something like 900. 000 to 300,000, and the state was directed by the clear mandate of the people to make an initial appropriation of some $25,000,000. That was interpretated as an unmistakable indication of public feeling Buch as no party in power can ignore. It might be said that if the thing i3 not right the party ought to be willing to resist and go out of power. But that Is the sort of counsel of perfection which no party lives up to. Partially Correct.

Moreover, the Republicans are more! or less in the right when they say that Ihey are granting the bonus not because they say that they are granting! ihe bonus not because they fear for re-election, but because it is the duty of those who are managing the country to obey an unmistakable mandate of public opinion. The subject is unmistakably difficult, and It is causing the leaders more worry than any other thing in the present political situation. They understand Secretary Mellon's opposition, and admit it is sound. Incidentally Mr. Mellon in his letter, did not make clear the largest single financial objection to passing the bonus bill at this time. The objection rests on interest rates. The interest rate on money tor both public and private borrowers has been going down steadily. The chief reason is that the government, by a gradual process, has been spending less and less money for over two years past. It was on the first of September, 1919. that the peak of government expenditures was passed. May Reverse Process This gradual reduction of government expenditures and of interest rates might be expected to continue

to go on, but If the government mur.t

borrow something like a billion more

during the present year, in order to meet the bonus, the process will be

reversed.

From Mr. Mellon's point of view, th'i heart of the situation lies in the fact

that the government already has

among its debts six and a half bil

lion dollars of short-term notes which

will come due and must be paid with

in the next sixteen months. In the

normal course Mr. Mellon would pay

off these notes by borrowing an equiv

alent sum from the public on refunding

bonds, which would run for many

years. Fear Interest Rates

Normally, Mr. Mellon could expect

to make this new borrowing at a rea

sonably'low rate of interest. But if

be must, in addition, raise another

billion dollars to meet the bonus, the interest rates will go up. Not only

will the interest rate of the billion involved in the bonus be high but it

will also be high on the other six and

a half billions.

Whatever rate is fixed will extend

over many years, as a result of this

it. has been said that to pay the bonus

now would amount to paying it twice

once in the shape of the present cash payment and onre in the shape of the

unnecessarily added interest burden To put in another way. the govern

nient could better afford to pay the soldiers two billion dollars three years

from now than one bilion dollars now,

The best intormed persons tell me lhat the project of paying the bonus

out of receipts from our European

debtors is sheer nonsense. There is not. the faintest prospect of getting any cash payment that amounts to anything out of these European countries in the near future. Get Better Security In the operation of refunding these European debts, we shall be able to get a dilerent and better form of security, and otherwise manage things to our advantage, but no well inform

ed person believes we will get any measurable amount of immediate cash. , Anyhow this whole suggestion is a mere bookkeeping operation. Any money we get from Europe will go into the treasury, and will be available to meet the ordinary treasury obligations. To attempt to earmark it for the soldiers bonus is camouflage. It is merely the sort of- device th:t worried politicians use to Jiiake things seem what they are not. President Harding does not share this disposition to camouflage. On the contrary, he is understood to deplore it, and to insist firmly thai whatever bonus bill is passed shall be in good faith with the soldieir. and shall carry as a part of the bill some definite means of raising mone. There isn't any means of raising t-.c money, except by new and additional forms of taxation. Bill Will Go Through. The bill will undoubtedly go through

. somehow or other. Secretary Mel

lon's opposition will not defeat it When the same bonus bill was pend ing last July Mr. Mellon wrote a let

ter similar to the present one, but that did not head it off. Thereafter the Republican leaders in the senate

appealed to President Harding, and he

ON WAR CONTRACTS

(Ry Associated Press) WASHINGTON, Jan. 26 The government is ready to bring suit against the Dayton Wright company and the Wright Martin Aircraft corporation, to recover a total of more than $7,000, 000 in alleged over payments on war contracts, Attorney General Daugherty announced today. The suits to be filed against the two concerns, would be civjl proceedings only, Mr. Daugherty said. The proceedings against the Dayton Wright company he said, would be

brought in federal courts in Ohio and against the Wright-Martin plant in New York. Work of investigating the war fraud cases generally will continue as fast as the magnitude of the undertaking would permit, Mr. Daugherty asserted, adding that "while the innocent need feel no alarm, the government will exhaust every civil and criminal remedy to reach the guilty."

Grant's Granddaughter Urges Aid for Russian Exiles

v r san.

DAYTON, O., Jan. 26. Both H. E. Talbott, president and G. M. .Wil-

I liams, general manager of the Dayton

Wright company of Dayton were out of the city today. However, a few days ago, they announced that the trouble was the result of a misinterpretation of the contracts by the government. Both officials, before leaving the city, expressed confidence that the matter would be settled in a satisfactory manner.

WASHINGTON, Jan. 26. (Special) After a residence of twenty years In Russia, Princess Cantacuzene, who was born In the White House during the presidency of General Grant, her grandfather,, has returned to Washington. In the old War building at 532 Seventeenth street, where General Grant had his office during his term as secretary of war in 1865. while the State, War and Navy building across the street was under construction, she has opened headquarters for the American central committee for Russian relief, the only organization aiding refugees outside of Russia. The Russians we help gave all they had to the allied cause. They are now dying from cold and hunger, refugees from Bolshevism. They did their part. Will you do yours? ' This is the slo-

PAVING OF NATIONAL HIGHWAY WILL COST

$27,000 PER MILE

(By Associated Press)

INDIANAPOLIS, Jan. 26. Bids for

raving the gaps of the national road

submitted today to the state highway

commission, indicated that the pave

ment would cost between $26,000 and

$27,000 a mile, according to Lawrence

Lyons, director of the commission.

The bids did not include the cost of cement.

In all, 96 bids were submitted for

the 56 miles of paving and they ranged

$250,00 between the high and low. Contracts for the work will be award

ed later by the commission.

BENEDICT XV BURIED WITH SOLEMN RITES

Historic and Beautiful Ritual Witnessed Only by Members of the Sacred College and Few Others. BODY LIESlN CRYPT

(By Associated Press) ROME, Jan. 26. Pope Benedict XV was entombed with solemn and im-

BAD RAILROAD LINES HOLD UP RELIEF FOR STARVING IN RUSSIA

(By Associated Press) GENOA, Jan. 26. Nineteen million persons are suffering intensely for want of food in Russia 15,000,000 will certainly die unless succored Dr. Fridtjof Nansen told the league of Nations' international committee on relief in Russia here yesterday. Dr. Nansen said he was dissatisfied with the way in whic the Russian

government had acted under the I

agreement signed on Aug. 27, the transportation situation especially leaving much to be desired. In giving the new details of the situation in Russia, he declared the total population affected was 33,000,000, and it was now too late to save all, even if the workers were able to use the

railroad lines at full capacity. As a

pressive ceremony this afternoon. His . to moye g-x hundml ton3 of cerea,s

uooj. enciosea m uir, aM between now and the harvest, which, dressed m the pontifical robes i,eS m I n ,f noth,ng ,.ere wltnheld for

yyi uuuu u.e S w . , Reed coud on,y gaye 6000,000 Ol

The historic and beautiful ritual

Princess Cantacuzene at her desk at headquarters for the American Central Committee for Russian Relief.

FRIENDS OF SOLDIER BONUS LEGISLATION CONFIDENT OF ACTION AT CAUCUS TONIGHT

CHINA'S ACCEPTANCE

OF SHANTUNG OFFER AWAITS PEKING WORD

(By Associated Press)

WASHINGTON, Jan. 26 The

Shantung controversy had been brought under the spotlight today

through President Harding's direct move to bring Japan and China together on the issue that now appears

to present the only serious obstacle to a speedy conclusion of the whole range of arms conference negotiations. The result of the president's direct appeal to Minister Sze of the Chinese delegation who went to the White House late yesterday with Secretary Hughes that China accept the latest compromise offer on the Tsingtao

railroad issue, appeared today to!

hinge largely on the attitude of Peking. Acceptance by the Japanese dele-l

JlLeS lilt ItMieWtU Ullt'I Ul WU offices" by Secretary Hughes and Arthur J. Balfour, hitherto declined, was understood to have opened the way for the president's move to secure Chinese acceptance of the compromise plan sponsored by those officials. No Formal Pledge While there was said to have been no formal pledge of approval by Japan, her acceptance 'was regarded as a foregone conclusion. Under the proposal Japan would abandon her proposition for a loan to China, the latter purchasing the railroad with treasury notes payable at option of five to 15 years hence. China's concession would be withdrawal of her opposition to retention of a Japanese traffic manager and chief accountant during the period of payment. Agreement on a policy as to development of Chinese wireless facilities t ill remained to be reached today by the far eastern committee, the inconclusive debate which occupied all

of yesterday's session centering about the question of whether a competitive or co-operative policy should be adopted.

PALLADIl'M NEWS BIHF.AU I WASHINGTON, Jan. 26. Friends of soldier bonus legislation are confident that the caucus of Republican members of the house of representatives, to be held this evening, will instruct the ways and means committee to bring out a bonus bill as speedily as possible Supporters of this legislation have no fear that it will be delayed by the ways and-means committee because Representative Fordney, chairman of the committee, ha-s always been an active bonus advocate. It is understood that the bill which the ways and means committee wi!l report provides a complete plan for raising and distributing the gratuities It is also understood that when this bill has been introduced in the house, it will be given the right of w?y over all legislation except the appro

priation bills and will retain its pi

Harding's action in stating that he favors adjusted compensation for service men of the late war provided the bill carried specific provision for ob(Continued on Page Three)

FIVE N. Y. BUILDINGS WIPED OUT BY FIRE; LOSS OVER $200,000 (By Associated Press)

NEW YORK, Jan. 26. The great plant of the Morse Drydock and Repair company, occupying six blocks

along the Brooklyn waterfront be

tween Erie Basin and Fort Hamilton,

was threatened with destruction to-

ority until final action has been taken j day when fire wiped out five shop

was witnessed only by members of the Sacred College, members of the pontifical household, the papal nobility and diplomats accredited to the Vatican. The great bronzed doors of St. Peter's had been closed at noon, cut

ting off the great stream of humanity

which for three days had been pass

ing before the great catafalque where

the body lay in state. The ceremony began with the removal of the body from the chapel of the Holy Sacrament to the chapel of the choir. It rested upon a bier which was borne upon the shoulders of the red-robed ushers, whose usual .functions are to carry the pope in the papal chair in pontifical processions. Chant Anthem. The funeral cortege was headed by the Vatican clergy bearing torches and chanting the anthem "Exaltabunt Domino," on either side of the bier strode members of the Swiss guards and the papal gendarmie. As the procession moved the choir of the chapel Julia in flowing robes of purple sang the "Miserere." ' Noble guards in dazzling full dress uniforms, formed an escort of honor, and

the nontiff's bier was covered with a

tanestry of red damask upon which

the bodv had rested while lying in

state in the basilica.

All the morning a seemingly endless

stream of humanity flowed past the bier in the basilica where the body lay

and the scenes of the past three days were repeated, except that the crowd seeking admittance to the cathedral was greater if anything than before. Churchmen, pilgrims and laymen mingled in the mass that strove to gain admission . in time to get a glimpse of the dead pontiff. " Breaking the shuffling of feet inside the basilica was the sound of hammers as workmen built the catafalque on which the body was borne in the funeral procession.

000,000 persons.

Furthermore the committee had insufficient funds at present to buy the necessary stocks, the 26.000,000 gold frames at its disposal being inadequate. More funds must be raised before the month of May, after which all help would be in vain.

on it. The success obtained by the friends of the bonus bill in having the Republican house leaders call a majority caucus came on the heels of Presidenc

MAY WELD FACTORS FRIENDLY TO LABOR

INTO ORGANIZATION

(Rv Associated Press)

CHICAGO. Jan. 26. According to a report published today plans for a coalition of all factors in public life friendly to labor have been instituted by hands of the 15 to 16 railroad unions and invitations extended for a general conference to be held here on February 20, to perfect such an organization. The purpose of forming such aa

MORE MARRIED MEN NOW, CENSUS SHOWS; DIVORCES INCREASE

buildings, entailing a loss estimated

at $200,000 and upwards.

The fire started in the company s garage and destroyed 50 automobiles.

The fire spread to the boiler shop, tool J iliary bishop to Cardinal Dougherty, room, pipe shop and other shops be- solemn high masses of requiem were

fnro the firemen Kiimmnned hv four : Celebrated

alarms, succeeded in cnecKing

in checking tne

flames. The floating drydock, said to be the

I largest in the world, caught fire, but ! was soon extinguished. The tanker ' S. M. Spalding from Los Angeles was

in the dock.

(By Associated Tress) WASHINGTON, Jan. 26. The proportion of married men to the total male population of the country 15 years of age and over increased from 55.8 percent to 59.2 percent in the 10 years preceding the 1920 census, according to a compilation of martial statistics made nublic today by the

census bureau. ' ' 1 The bureau Delieved,' however, that this was probably more indicative of a change in the age composition of the population an increase in the percentage of males between. 15 .and. 25 years of age, due to increased immigrationthan a growing propensity to matrimony. Of the total male population of 53,900,431 above the 15-year classification the census figures showed 21 19.266 married, 1,758,308. widowed, and 235,284 divorced, the latter figure, however, including none divorced and remarried. Divorces Increase. The divorce total showed an increase of 20 percent in its ratio to the total population . during the 40-year period, constituting six-tenths of one percent cX the latter against fivetenths in 1910. Although due to the absence of the wives of many foreignborn residents, the number of married women was shown to be about 500.000 less than the male total, the number of divorced women exceeded men by approximately 40,000, representing

closely the difference between the number of men and women remarried after divorce. By states, Massachusetts led the field 1n the proportion of single women with a percentage of 34.1 although the district of Columbia exceeded this with 37.3 percent. The census bureau pointed out, however, that the ratio of

5 DIE FROM EATING PRESERVED GREENS

(By Associated Press i BOISE, Idaho, Jan. 26 The death

toll stood at five today in the family

of Charles W. Tuttle. of Cambridge, Idaho, as a result of botulimus poisoning from eating preserved greens at a birthday dinner Sunday for Har-

CUT FREIGHT RATES, PLEA OF FARMERS Railway Transportation SubCommittee's Report Urges Corporations and Labor "Share Deflation." CONSIDERING'REPORTS (By Associated Press) WASHINGTON, Jan. 26. Reduction of freight rates on farm products and -products of allied industries and sharing by both railroad corporations and labor of "deflation of charges now affecting all industries," was recommended in the railway transportation sub-committee report prepared today for submission to the transportation committee of the national agricultural

conference. The committer declared labor should not carry the whole reduction, but the railroads should take their share, saying the railroads made $560,000,000 profit last year when farmers lest $7,000,000,000. The committee also recommended withdrawal by congress of authority to the interstate commerce commission to fix valuation of real estate held by railroads at mere than its actual cost or more than the value of similar adjoining lands in making up the capital account of the railroads. Recommendations

Repeal of the guaranty clause of the Transportation Act, restoration to the state railroad commissions of full powers as of date when railroads were taken over by the United States government but retention by the commission of control of movement of empty cars in interstate business were urged. Recommendation, It was declared, should be made to the interstate commerce commission that the present r lation between the charges for long and short haul in the inter-mountain regions be not disturbed. Dr. H. J. Waters of Kansas City, chairman of the general committee on transportation said today that the report of tha sub-committee would be considered later in the day and a report prepared for the conference. Must Decide. The United States is approaching a condition of adverse food balance and must decide whether to retain a proper ratio between agriculture and industry or permit the latter to take a dominant lead at the expense of th former. Dr. Ed Ball, director of scientific work of the department of agriculture declared in an address today before the national agricultural conference. The nation's balance between the two fields of endeavor will be last he warned, unless the tendency toward industrial dominance, "is made one of the major problems for national consideration." "The critical period in which a de-

j termination must be made is close at

hand he declared, adding that the situation requires a complete reorganization of the national life, since the problem of increasing: the food supply for an increasing population nirit concern every industry. Pleads for Knowledge. If American agriculture is to sue-

WOMAN WHO FASTED

53 DAYS BY ORDER OF HUSBAND, TO LIVE

(By Associated Press) MADISON, Ind., Jan. 26 Mrs. Violet I. Roche, who was compelled by

her husband to fast 53 days, is ex- i

pected to recover, by attending physicians. She has shown slight improvement since eating light foods. William Roche, the husband, made his wife fast to cure rheumatism, it is said. He is confined in jail and is continuing a hunger strike, begun when he was arrested. It was first believed Mrs. Roche would die. The husband has expressed a desire to die, it is said, if Mrs. Roche should fail to recover.

PHILADELPHIA, Jan. 26 Catholics of the Philadelphia diocese today paid silent, tribute to the late Pope Benedict XV and offered prayers for the repose of his soul. Divine assistance also was asked in guiding the cardinals in the selection of a new pope. In compliance with the request of

the Right Rev. Michael J. Crane, aux

in nearly every Latnoiic

church in the diocese. All parochial schools were closed and the pupils were requested to attend the masses in their parishes.

No further word has been received

POLITICS, SHOP TALK ARE INTERMINGLED BY REPUBLICAN EDITORS

(By Associated Press) INDIANAPOLIS, Jan. 26. Political and shop talks were intermingled by the Indiana Republican Editorial association members today. The associition held the first session of its annual mid-winter meeting this morning and heard the address of E. J. Hancock, publisher of the Daily New?, Greensburg, president of the organization. Reports were made by Jesse Pierce of the Clintonian, Clinton, and George I). Lindseym of the Chronicle, Marion, secretary and treasurer, respectively.

Between the morning and afternoon

sessions the editors found an opportunity to discuss politics with the members of the Republican state central committee, which was in session here. The program for the sessions this afternoon includes addresses of in

terest to newspaper publishers. Talks

a nouaay cruise to tne west mines when the pope died. He is expected to arrive in New York tomorrow on the steamship Saint George and will come to Philadelphia the same day. Plans have been made for him to sail for Rome on Saturday to attend the sacred conclave at which Pope Benedict's successor will be chosen. The personnel of the party that will accompany the cardinal has not been announced.

BALTIMORE, Jan. 26 A pontifical high mass of requiem for Pope Benedict XV was sung at the cathedral

rett Tuttle, youngest member of the : this morning with Archbishop Curley family. Two'daughters and three sons . as celebrant, assisted by members of are dead and the father is not ex- j the local clergy. Bishop Thomas J. pected to live. Miss Bessie Clare, 15, Shahan, rector of the Catholic Univera guest, and Russell Tuttle, another I sity at Washington, delivered the

son, who also partook of the poisoned

vegetables, have not yet shown symp toms of the poisoning. Tutle's daugh ters preserved the greens.

Weather Forecast

MOORE'S LOCAL FORECAST Unsettled and warmer tonight and Friday; occasional snow or sleet. Under the influence of a valley shape storm extending from Saskatchewan, southward to Texas, the weather will become unsettled followed by snow or sleet, which is due to arrive sometime during the next 21 hours, with general moderation.

nm.ils;imntinn. nceordine to the renovt

i m' further the interest of labor and i men to women in the population "nat

hrw the svmnort of Tabor to the urally has a very important tearing

candidates for public office that are

favorable to it, regardless of political party. Invitations to attend the conference it was said have been extended to heads of the Socialist party, the Nonpartisan party, the . Farmer-Labor party, members of the "Committee of Forty-eight" and the American Federation of Labor, as well as other labor chieftains. Appoint Committee A committee to work out the or ganization of the coalition has been appointed, says the report, composed of E. J. Manion, president of the Telegraphers' union, as chairman; Warren S. Stone, president of the (Continued on Page Fourteen)

on the proportions of single men and women." Wyoming led with 70.6 percent in the proportions of married women, while the largest proportion of married men 62.8 percent was shown for Mississippi and Arkansas, and the smallest 45.9 percent for Nevada.

WOLVES, DRIVEN BY STORM, KEEP VILLAGERS INDOORS LEON, Spain. Jan. 26. Owing to the

heavy snowfall in the mountain regions, large numbers of wolves have made their way down the slopes into the plain districts. The villagers of Corniero and Sopena are unable to leave their homes after dark owing to the large number of wolves prowling the streets. i

For Indiana by the United States Weather Bureau Cloudy; probablylocal snows tonight and Friday warmer. Temperatures For Yesterday. Maximum 22 Minimum 2 below Today.

Noon 27 Weather conditions The storm continues over the Gulf coast with heavy rains over Lousiana, Texas, Mississippi and Alabama. Snow and rains over Georgia and South Carolina. Cool weather has overspread the Florida peninsula. It remains very cold over the New England states' and the St. Lawrence valley, with temperatures 20 to 30 below zero, in the latter district. It is much warmer over western states, due to a general fall in barometric pressure over British Columbia.

eulogy.

100 STREET CARS BURN IN CHICAGO

CHICAGO, Jan. 26 Fire seriously damaged the Devon avenue car barn of the Chicago surface lines here early today, destroyed 100 street cars and forced fifty families living nearby in cottages to the streets scantily clad. Wellington Fish, general manager of the surface lines, said the loss would be approximately $1,500,000. Two hundred other street cars were saved when, with the motive power automatically shut off they were coupled together and hauled from the barn by motor trucks. Gasolene stored in the barn caused

Schmid ot the lndianapols .News on

"Building Circulation," Will O. Feudner of The Republican, Rushville, on (Continued on Page Fourteen)

3 MEN SUSPECTED OF BEING ROBBERS

(By Associated Press) DANVILLE, 111., Jan. 26 William Keating, James Brennan and Claude Coake were arrested here yesterday on request of Sheriff Peare, of Rockville, Ind., who suspects them of participating in the bank robbery at Montezuma, Ind., Jan. 11. The prisoners were taken to Rockville by the Indiana sheriff. On the day of the robbery a Montezuma woman saw four men in an auto, whom she suspected of being bootleggers and engaged them in conversation, also noticing the license number on the car. This later proved tobelong on the car of a Chicago physician, which evidently had been stolen. The men were arrested on information given by this woman.

CHILE DELAYS NAMING DELEGATE TO U. S.

(By Associated Press) SANTIAGO, Chile, Jan. 26 The appointment of Chile's representative to the proposed conference in Washing-

numerous explosions but no one was ton to settle differences between

injured. Sparks fell on the roofs of a i Chile ai

score of cottages but these small blazes were quickly extinguished. Windows in thirty homes were shattered by the intense heat.

Paid Circulation Yesterday, was 11,575

PHILIPPINES NEED SI 0,000,000, WOOD MANILA. P. I., Jan. 26 Governor General Wood in a message to the legislative body today urged authorization for a $10,000,000 bond issue, which he said would complete the financial rehabilitation of the Philippine government if bills previously introduced providing for the issue of $27,500,000 of bonds are passed. He explained that rehabilitation of Philippine finance requires issuance of about $37,000,000 of bonds guaranteed by the United States government. Leaders in the legislature predicted the bills would be passed before adjournment two weeks hence. 4

and Peru arising from the treaty

of Anson has been deferred, it was stated after a cabinet meeting yesterday.

The newspaper LaNacion in an edi

torial on the conference asserts that

it should be clearly established before the Chilean envoys embark for Washington that the negotiations shall not alter the terms of the treaty, which "was the basis of the North American invication and of Chile's

acceptance.

ural resources and cheaier labor of

otner countries, "we must depend upoi our superior knowledge." Raymond A. Pearson, president of Iowa State college of Agriculture and Mechanical Arts told the conference, in a plo.i for increased agricultural research. "New methods for reducing cost of production, the better distribution of farm products and better methods of marketing are sorely needed at th'j time," he said, adding that "such methods will help to reduce the cost; of living." A national policy for agricultural research Mr. Pearson declared, should provide for a liberal federal and state financial support. Higher salaries e said, were needed to attract able men to the research work since the scientific ranks were being depleted rapidly by industrial concerns offering greater remuneration. He also advocated special scholarships and fellowships to provide competent men for the work. Hear Reports. Winding up the program of formal addresses the coherence was expected to prepare for consideration ot committee reports and resolutions. It was thought possible that some of the committee recommendations might be

taken up by the conference late today. Recommendations covering an intermediate credit system to provide farmers with working capital already have been drafted by the committee assigned to this problem, little opposition to its report Is anticipated, since President Harding and virtually every other speaker before the conference has suggested such a program to relieve the present situation of the producers. Certain delegations who favor endorsement by the conference of the activities of the "agricultural bloc" in congress were understood today to be still undecided whether to introduce such a resolution.

Among matters on which the conference is expected to take action are resolutions dealing with readjustment of railroad labor pay, reduction of freight rates, crop insurance and waterways transportation.

FATE OF SHIP CREW IS STILL IN DOUBT

(By Associated Press) ST. JOHN, N. B., Jan. 26. The fate of Captain Waarli and eight members of the crew of the sunken Norwegian steamer 'Mod may be learned today from their rescued comrades, being brought to this port aboard the Read liner Melmorehead.

GENOA CONFERENCE

TOOEARLYiSAYSU.S. (By Associated Press) WASHINGTON, Jan. 26. Indications were given in official circles today that the United States Is adverse to participation in a general European economic conference, should such a meeting be held at the time set for the Genoa gathering, but would look with more favor on a conference to be held at a later date. 4 '

(Continued on Page Fourteen) !