Richmond Palladium (Daily), Volume 92, Number 56, 7 March 1922 — Page 1

RICHMOND PA H 1 VOL. XCIL, No. 56 Palladium, Est. 1S31. Consolidated With Sun-Telegram, 1907. RICHMOND, IND., TUESDAY EVENING, MARCH 7, 1922 SINGLE COPY, S CENTS

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BITTER FIGHT IS AHEAD ON PACIFIC PACT Expect Hot Debate on Ratification But Friends Believe Alliance Will Win Attitude of Senators.

Editor Is Named HEAVY VOTE IS EXPECTED IN PRIMARY Flees From Reds TROOPS FIRE Heir to Throne

AGREED UPON COMPROMISE BONUS PLAN To Call in Democrats SaturdayMinority Report Not Expected To Rush Formal

INTO BELFAST STREET MOB

PUBLIC OPINION RULES llr MARK SILUVA5 WASHINGTON, March 7 Let there he no doubt that there is a real fight head of the four-power treaty. The present probability is that it will pass, but there will be a long debate, and the chances are that most of the developments of that debate will be

adverse to the treaty. Nearly all that can be said in its favor is already known, and most of 1he speaking in its favor will consist of repetitions of the familiar appeal to confirm the results of the Washington conference. As it stands today, the overwhelming bulk of the Republican party m favorable to ratification. Many of the Republican senators have doubts, but these doubts are mostly of a kind that can bo satisfied by reservations of one sort or another. Four In Opposition. Only four Republican senators arc definitely in opposition. They arc: Borah, of Idaho; Lafollette, of Wisconton; Johnson, of California, and France of Maryland. Incidentally, the last three of these come up for nomination pnd election the coming summer. Johnson, for example, will need to satisfy the voters of hia state thai he Is right, at primaries that conie in August and the election in November. France will need to do the sam thing in September and LaFollette in the same month. Aside from these four, there are three other Republicans who are nearer the area of doubt than any others. These are McOormack, of Illinois, Moses of New Hampshire, and Brandegee, of Connecticut. No one of these three has made any public statement of his attitude, but persons who talk with them privately get utrnnelv the idea that their nresent rMsnnsitJrm in tn accent, the eeneral I favorable nolnt of view of the country. and "e-o alone" with the nartv. Aside from these seven the entire ' or another favorable to ratification, i Only some unexpected development i during the debates, or some obvious change in the present . attitude of the public would lead to further detection; among the Republicans. Where Democrats Stand

As to the Democrats, there are about 1 and Internal Revenue Solicitor Mapes, half a dozen who are inplacably hos-jat which it wa3 said the Treasury rectile to the treaty, and about an equal ' ognized the plea of the company that number who are definitely and strong- j the recent hearings in Philadelphia ly favorable to it. But the bulk of before S. F. Rutter, former assistant Ihe Democratic party is on the fence director for Pennsylvania, were not

and the attitude of the party as a whole will be determined by events vhich are in the making this week. One thing is clear. Underwood is not able to deliver his fellow Democratic senators as a party. Hardly any of the Democrats will be determined in his position, or even in any degree Influenced by the fact that Unrterwrind is for the treaty. If

Harding thought he was Insuring j non-Deverage aiconoi to Deverage purDemocratic support by making the j poses, disposed of alcohol without Democratic leader of the senate one j permits and on false permits, failed to

of the participants in the conference, he will be disappointed. On the treaty, as well as on some other matters, Pat Harrison, of Mississippi comes nearer being the nolresman of .what may be called the militant Democratic thought in the t enate than Underwood. Trying To Decide. There is no definite anti-treaty leadership among the Democratic senators. They are merely in a state of trying to make up their minds what lo'do. You talk with one of them on Monday and he expressing a halfhearted intention to voto for ratification. You talk with the same man on Saturday, and find he has begun to wonder whether the country may not change its attitude and is going to wait until the debate is over before taking a definite position. This thing that may be called the sentiment of the country is what will really determine the question. If the country stays where it is now believed to be namely, in favor of making the Washington conference a clean job by ratifying rll of its results then the considerable body of Democrats who have the balance of power will vote that way. But if the country shows fcigns of being disturbed, if the suspicions and doubts expressed in the opposition speeches find any measurable response among the public, then the treaty will fail. . Public Opinion To Rule. If tho country continues to be bo overwhelmingly favorable to the treaty that it would be disposed to thov resentment against any formal party action against ratification, the Democrats will avoid incurring that odium. The factor that will determine the question will be the crystallization of public opinion, it must be said that on any question of foreign relations it is

easier to arouse public opinion in opposition than in favor. It is easier to arouse suspicion over a small objection than to achieve clear popular understanding of the whole of a subject that is both complex and foreign. If Harding and Hughes had the political genius to dramatize the favorable aspects of the treaty and the need of ratifying it they could win. Ledge Not Genius Lodge has no euch genius. The violence of the things he did during the league of nations fight is such that his present sponsorship of the fourpower treaty is a liability rather than an asset. It has been suggested that a strong and moving appeal from the president to the country to give an "O.K." to his negotiations with foreign governments might bring such a response aa would settle the matter. It has also been suggested that (Continued on Page Four)

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George B. Lockwood George B. Lockwood of Indiana, editor of the National Republican, has been appointed secretary of the Re publican national committee, succeed ing the late Clarence B. Miller. He has been an active G. O. P. worker in Indiana since 1890 and has been urged several times to run in gubernatorial and senatorial campaigns. YEAST COMPANY'S APPEAL FROM DRY LAW RULING HEARD (By Associated Pres) WASHINGTON. March 7 Appeal of the Fleischmann company, inc. of New York, from the orders issued Friday by prohibition commissioner Haynes revoking its industrial alcohol permits and directing the seizure of alcohol in 11 of its branches was being heard today by internal revenue commissioner Blair. Mr. Blair had announced his intention of rendering a decision on the case as quickly as possible. At the hearing today the company was represented by Henry J. Kaltenbach, vice-president of the company; Henry A. Wise and Carl Whitney of New York a3 consul and Robert A. Kane, of the company's legal staff. The prohibition bureau was repreRented by Commissioner Haynes and Assistant Secretary of the Treasury uover sac wun Mr. uiair. Rehearing Granted A rehearing of the case was granted the company by Mr. Blair after a conference with Secretary Mellon Satur day attended by Mr. Dover, Mr. Haynes Deiore an actual deputy or tne prom bition commissioner. Cancellation of the company's permits and the seizure of alcohol at the branches was ordered by Mr. Haynes upon the recommendation of Mr. Rutter. He assigned as grounds for the issuance of the orders that at the Philadelphia hearings it was estab lished that the company had diverted keep proper records and otherwise acted "in the utmost bad faith with respect to conforming with the national prohibition act and the regulations in carrying on business under its several permits." Counsel for the company It was understood, were prepared to enter a denial of the charges, contending that the company had made every effort to conform to the prohibition regulations. According to Mr. Blair, no new evidence was to be admissible at the hearing which being in the na ture of appellate proceedings was to be confined to testimony already of record. In the event of the revocation orders being upheld, it was understood that consideration would be given to working out regulations under which the company could continue the manufacture of yeast as fermentation producing alcohol is a necessary part of the process. PRIZES FOR PICTURE CONTEST COMING IN Prizes for the Famous Picture contest are coming in rapidly and many valuable ones have been offered. J. E. Bundy has offered one of his best paintings as a prize. Other artists who have offered pictures are: Miss Kempton. Mrs. Elmer Eggemeyer, Mr. Norrls. Francis Brown and Miss Blanche Waite. Many other artists and people interested in the contest have offered prizes that will be well worth having. The contest is scheduled to start Monday and will continue for three weeks. Flans have been made to have complete sets of pictures In every school room of th ecity and to have them on sale at local dealers before the opening of the contest Monday. Many of the pictures are now on display in the public library and Mrs. Banrhart, the librarian, is planning to add many more a3 soon as possible. People are invited to the library to inspect these pictures at any time. Reports coming from the committees on the contest at the meeting Monday afternoon showed that there is much interest being aroused. FAMILIES RESCUED IN BOATS FROM FOND DU LAC FLOOD POND DU LAC, Wis., March 7. Fond du Lac last night was threatened by a dangerous flood. Several streets are covered with water. Residents had to be taken out of their domiciles In row boats. Employes of the city are blasting all . ice jams in the two branches of the Fond du Lac river and Deneveu creek.

Women as Well as Men to Participate in Election May 2, W he n Republicans and Democrats Nominate.

LARGE LIST OF OFFICES The heaviest vote that has ever been cast in a primary election will be that of May 2 when Republicans and Democrats nominate candidates to be voted for at the regular Novvember election. At the last state wide primary election in 1920, women were not entitled to vote though they were legal voters at the election which followed. This year women as well as men will participate in the primary and based on the last general election there will be approximately 21,000 votes cast by both the leading parties. In consequence of the fact that the election precincts in Wayne county have not been reduced In size, similar conditions will prevail as in the last general election and in some of the precincts there will be extra booths and clerks provided to handle the vote. Election of Officials The total number of voting precincts will be 66. Republicans will name all Inspectors and also have one clerk, one judge and one sherrlff, excepting in precincts where the voto is exceptionally large and in these the Republicans will have an additional clerk. The Democrats will name one judge, one clerk and one sheriff and like the Republicans will have an additional clerk in those precincts where they are deemed necessary. There will be no difficulty this year in procuring the necessary assistance in conducting elections and the var ious appointments will be made with in the next few weeks. The Republican county chairman, Paul Comstock, must certify the list nf Roniihlian mpmbrs of election boards; and the Democratic members must be appointed by Frank R. McFail, the Democratic chairman. . List of Offices The list of offices which will be voted for at the primary is as follows: United states senator. - Congressman for sixth district. Prosecuting attorney. County auditor. , County clerk. j , County sheriff. - 4 , : County treasurer. - County assessor. County commissioner (western dis trict) County commisioner (eastern dis trict) i County surveyor. County councilmen-at-large. County councilmen for districts. Township trustees. Township advisory boards. Township assessors. Constables. Justices of the peace. Precinct committeemen. Delegates to state conventions. THREE MEN KILLED, NINE ARE INJURED IN TANK EXPLOSION (By Associated Press) KANSAS CITY, March 7. Three men were killed and nine injured when a compressed air tank at the Kansas City Railway company barn exploded this morning carrying out 20 feet of brick wall of the plant and de railing many street cars standing on nearby tracks. SEVENTH AND LAST TOWN AND TOWNSHIP INSTITUTE SATURDAY The seventh and last of the town and township institutes for superintendents, principals and school teachers of the county will be held in the high school building, Saturday, March 11. The program for the institute has Just been announced. Although this is the last . for the township schools other institutes will be held for the city schools, it was stated Tuesday. Discussions of the subject, "The Classroom Teacher," will be held during the morning session. Roll call and discussion of the teachers' federation will be held later In the morning. Teachers who will lead In the discussion are Marie Bolenbaugh, Katherine Carr, Iva Monger, Marguerite Haisley, Ruth Kellum, Ardath Thompson, Hazel Garrett, Mary Connell, Elizabeth Jarrett, Ruth McCormick, Marjorie Pickett, Iva Outland, Margaret Smith, Archie Heller, Nettle Deardorff, Lora Eldridge, Helen Roller, Emma Suton, Leatha Pegg. High school, intermediate, primary and district sectional meetings will be held In the afternoon. The topic, "Dynamic Americanism," will be discussed in the afternoon by Mildred Cutter, Worth Fletcher, Inez Funk, Mary Henning, W. O. Wissler, Grace McCullough, Paul Koons and Gale Hunt. Final reports by the county superintendent and a parting word to be given as the last feature of the afternoon, program will end the session. BANKRUPTCY PETITION (By Associated Press) NEW YORK. March 7. An involuntary petition of bankruptcy was filed In federal court today against Charles H. Clarkson and company, stockbrokers, of 66 Broadway, on petition of three creditors. The liabilities were estimated at $145,000 and assets xrl $70,000.

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Mme. Pierre Ponefidine Mme. Pierre Ponefidine, daughter of an American missionary to Persia and widow of Pierre Ponefidine, for thirty years in the Russian diplomatic service, nas Just escaped from Red ruled Russia after a thrilling exper ience. Her two sons were with her in the perilous journey. RUMORS THAT I.H.G. PLANT WILL MOVE ARE BRANDED FALSE There is no possibility of removal of the Richmond plant of the Interna tional Harvester company from this city, according to Edward H. Cureton, superintendent, Tuesday. "Reports," said Mr. Cureton, "that the local plant may be taken away from Richmond is but idle gossip. Our plant is the only plant among the 30 owned by tne International Harvester company in the United States that manufactures wheat drills. The buildings here are arranged for making the drills a specialty, and all of our employes are specialists in their respective positions. "It is true that we have had to shut down our plant for lack of business, but It is only temporarily. When conditions become so that the, farmexils financially able to purchase our" uct, we will again be open for busi ness. It Is just a matter of having stock in all of our 92 branch sales houses and a decreased market. The company realizes that it must reduce its inventory before it should manufacture additional stock." Letter Made Public Mr. Cureton said that a small order was received from H. F. Perkins, vice president in charge of manufacturing, last fall and that 20 per cent of the usual number of employes were engaged until the middle of February getting out the order. A letter from Mr. Perkins regarding the manufacturing situation, sent to Mr. Cureton, reads as follows: . "I can see nothing to offer contrary to the schedule, laid out excent that my regrets that the schedule is so I small. I am very sorry for the organization and particularly for the workmen in Richmond, and I hope conditions may regulate themselves during 1922 so that hereafter we may have a more regular and satisfactory 'employment and avoid the extremes that have lately characterized our industry." Mr. Cureton said that when the International Harvester company purchased the plant from the American Seeding Machine company that one of the agreements was that the old staff and organization continue. This has been the case, Mr. Cureton said. LEAVES ESTATE TO LEGION (By Associated Press) HARTFORD CITY, March 7. Word has been received here that Mrs. Jay A. Hindman, who died recently at Stockton, Calif., left the bulk of a $48,000 estate to the American Legion Post at Stockton. Mrs. Hindman formerly lived here. Weather Forecast FOR RICHMOND AND VICINITY By W. E. Moore The gradual eastern movement of the Rocky Mountain storm will be fol lowed by a temperature of freezing or below tonight, with a moderation beginning some time Wednesday, due to a falling barometric pressure over the northwest. Temperatures Yesterday Maximum 55 Minimum 35 Today Noon 37 Weather Conditions The Rocky mountain storm which has been causing blustery weather over the central states, with rain and snow, is now centered over the eastern lake region and is moving slowly down the St. Lawrence valley. It is considerably colder in the west with a temperature of zero at the Yellowstone National park and 10 below at Edmonton, Al berta, Canada. However, temperatures are moderating - today over these districts. For Indiana by the United States Weather Bureau Occasional snow flurries and colder tonight. Wednesday partly cloudy, fair at intervals, with a rising temperature. Paid Circulation Yesterday, was. 11,541

Rioting Results in Military

Killing Two Bays and Wounding Another Martial Law Imminent. TROUBLE IN DUBLIN (By Associated Press) BELFAST, March 7. Rioting In Hanover street this afternoon resulted in firing into a crowd by the military killing two "boys and wounding another. Lord Mayor announced that the imposition of martial law is imminent. Gunmen were active in the early morning hours today increasing tension in this city in spite of efforts by police and soldiers.

A man was shot dead on Perry Hill!..,. . . .

on way to his work and John Roddy a news dealer had part of his right arm shot off. A carefully planned but futile attempt was made to destroy by fire a furniture making plant In Library street close to Royal Avenue. ' Today's disturbances were chiefly limited to the Carrlckhlll Sinn Fein district where gunmen hidden behind chimneys made pot shots at workers going to the ship yards. This brought police from barracks nearby with machine guns and rifles who did battle with the snipers. No casualties resulted so far as is known. Firing Rarely Ceases. During the night firing rarely ceased in Stanhope street area adjac ent to Carrickhlll. The military surrounaea a wme ai strict and over whelmed it with machine gunfire. The gunmen rapidly took flight and casual ties therefore were light, if any at all DUBLIN, March 7. Richard Mulcahy, minister of defense in the Dail I Eireann cabinet, left here for Limer ick this afternoon. It was expected that his visit there would result in the settlement of the difficulty which has arisen as the result of the invasion of the town by detachments of Irish Republican army troops. Reports ihat Republican mutineers have given free state forces 48 hours notice.; to.t.sujTnjier Tifnarlak pMce

prod-tbarracks today intensified the situa

tion and caused genuine anxiety to free staters. These rumors lacked substantiation but it was agreed that free statera would stubbornly resist dispossession and in event of an attack the barracks would be vigorously defended. No breach of peace, however, had been reported early today. Forces Stronger Free state forces grow stronger daily and a further detachment of Irish troops has arrived at Beggars Bush barracks to undergo brief training and to be uniformed and equipped. A continuous stream of men is passing through Dublin; after intensive training they are sent to various barracks or kept for guard duty around public buildings in the capitol Several armored cars and a fleet of motor transports that were bought for deporting British troops have been turned to authorities at Beggars Bush barracks. BALL PARK IS SAVED BY FINAL APPEAL TO RICHMOND CITIZENS Richmond citizens made a splendid response to the final call for subscriptions to save the baseball park. The 24 hour extension of time saw the movement go well over the top with a grand total of 2,510 tickets pledged. Following is the list of Tuesday's subscribers: J. F. Maher 2 Walter Williams , 1 Forrest Gartside 10 Richard Plamnitt Ed Cooper 1 Paul Beckett 2 John Howard 2 H. R. Marlatt 1 K. J. White lj Moose Lodge 25 W. H. Longman 1 J. W. Henigar 1 Mathew Mercurio 1 Frank Loschavio 1 Earl Moore 5 Roy Dye ; 1 Rev. J. J. Rae 2 W. L. Seaney 5 N. L. Funk t 1 J. H. Mills 37 Klute and Smith 2 J. A. Kennepohl (126 S. 6th st.) 2 Everett Skinner 1 Cleveland Pyle (815 S. A st.) 1 Rex Hotel 1 Peter Husson 1 K. P. Chappelle (20th Century) .... 1 Ben Magg, Jr. 3 Arlington Cafe 10 Y. M. I. Club 2 J.-P. Dillon 1 Silent Subscriptions 3 Richmond Lumber Co So Miller-Kemper Co. (Additional) ... .21 W. E. McWhinney 5 Kandy Shop 5 Fred Bod 1 Tom Boyce . . . . 1 W. L. Ellis 1 Guy Robie 5 Howard Ridge . : 1 L. M. Hays ' 1 Great Central Tea Co. 5 E. M. Campfleld 6 James M. Towsend Branch of Community Service 13 Grand Total 2510 90-YEAR-OLD JAIL LOGANSPORT. March 7. Logans port's first Jail was tuilt 90 years ago,

Prince Faud Pasha. The recent action of the British government In releasing Egypt from the protectorate maintained over it leaves heir to the Khedive, will some time U. " - J w, have the opportunity to rule the nation and play an imnortant nart in the development of his country. CABINET OF SPAIN QUITS; WAS HEADED BY ANTONIO MAURA MADRID, Spain, March 7. The Spanish cabinet headed by Antonio Maura resigned office today. The cabinet of Premier Maura was formed Aug. 13, last, succeeding the ministry of Allende Sallazar. The Maura ministry went through a crisis in January, offering its resignation because of difficulties that arose over the military Juntas but continued in office after the Juntas had agreed to dissolution. Recently the cabinet has run into renewed trouble chiefly over the demand for many years for restoration of the constitutional guarantees. There has been recent threats by the liberals to withdraw from the government. THEODORE NEWMAN, LAST OF OLD BAND, DIES MONDAY NIGHT Theodore Newman, 86 years old, the last member of the famous Mitch- j

ell s Cornet Band, which was widely inafter in this section called 'Bank') known throughout the middle west in j is authorized to loan to any veteran the Civil war period, died Monday j upon his promisory note secured by evening after a long illness. his adjusted service certificate (with He was one of the few residents of I or without the consent of the beneficRichmond who had the opportunity of j iary thereof) any amount not in exconversing with President Lincoln. cess of fifty percentum of its loaa He was a member of the cornet band basis (as defined in subdivision 'F of in the days when it was the premier j this section), such loans to mature musical organization of its kind inon or before Sept. 30, 1925. The rate Indiana. Mr. Newman was a mem- i of interest charged on the loan by the ber of the Richmond City band, which J bank shall not exceed by more than siicceded the cornet band, for many j two percentum per annum the rate

years, meeting with it only occasionally, however, after bis wife died. Mr. Newman was born at Germantown, Pa., Sept. 5. 1835, and came to Richmond with his parents when he was one year old. He was a member of Whitewater lodge of Odd Fellows, and of the First M. E. church. Surviving him are two daughters. Emma and Anno Newman of this cKy; one son, Edgar Newman of Chicago; a granddaughter, Margaret Newman of Chicago, and one sister, Mrs. Emma Milliken of Hillsboro, Ohio. Funeral Thursday The funeral will be held at 2 o'clock Thursday at the parlors of Doan and Son. The burial will be In Earlham cemetery. The Rev. R. W. Stoakes will conduct the services. Friends may call at any time but are asked to omit flowers. Shortly before he was 85 years old, the Richmond City band visited him at Reid Memorial hospital to play a program of old melodies. Authorities of the hospital arranged a party on the lawn for Mr. Newman and other patients. , Lee B. Nusbaum led the band. Mr. (Continued on Page Twelve) LLOYD GEORGE DEFERS RESIGNATION WITHOUT PLEDGE OF INTENTIONS (By Associated Press) LONDON, March 7. Prime Minister Lloyd George has deferred his resignation without giving his colleagues any pledge as to future action regarding the premiership according to the most reliable sources of information reaching The Associated Press today. - : It is commonly accepted that he will retain leadership of the government until Irish legislation ha3 been completed and possibly until the Genoa conference. . He is credited with on aarnaar oal va t rrv fAnsvo -and will devote all his time to pre- ! parations for the trip during convalescence at ms. country .home, in Wales Nowhere has it 'been reliably sug gested that his illness is assumed for diplomatic purposes and it is generally agreed by his friends that he needs a complete rest.. , His supporters attribute his complaints as to lack of loyalty by conservative' coalitationists es sentially to nervous exhaustion. The prime minister has held care laden ministerial offices for 16 consecutive years including the period of his prime ministership. He stood up during the most trying years of the war and period of peace settlement and his admirers declared that any man of less harfiy physique would have collapsed long ago. They now hope that for a time at least, he will be permitted to enjoy undisturbed quiet.

Report.

FOUR OPTIONS CARRIED (By Associated Pres WASHINGTON, March 7. Final agreement on the compromise soldier bonus bill was reached today by house ways and means. Rep. Forduey announced that tho Democrats on the committee would bo called in Saturday to pass formally on the bill. He said that it was his plan to present the formal report to thef house immediately after the measure had been approvved by the entire committee. The Democrats are not expected to submit a minority report. As finally drawn the measure carries the four options with an adJ:jd provision of immediate cash payment to those former service men entitled to not more than $50 of adjusted service pay. It was stated that no changes of importance had been made in the new bank loan provision of the adjusted service certificate title or in the other three options which are vocational traning, home and farm aid and land settlement. Effort Falls The effort, to have included in h measure provision for the payment of compensation to immediate relatives of men-who have died since their discharge from the service was unsuccessful. Charles Fordney predicted that the measure would be passed by the house. Under the provisions of the bill as now drawn, a veteran would mean any individual who was a member of tb5 military or naval forces of the United States at any time after April 5, 1917 (the date of the war declaration) and before November 12. 1918 (thp day after the signing of the armistice). In computing the length ot service credit would be given for time served up to July 1, 1919. . Text of Provision TTpre is the tPTt nf tha hnnlr Inan provision of the compromise soldier..' bonus bill: "(A), That, a loan may be made to any veteran prior to Sept. SO, 1925, upon his adjusted service certificate Xpnjy in . accordance withth-iHw-tions or this section. "(B) Any national bank or any bank or trust company incorporated under the laws of any state, territory, possession or District of Columbia (herecharges at the date of the loan for the discount of commercial paper under section 13 of the Federal reserve Act by the Federal reserve bank for tha federal reserve District in which the bank is located. Shall Cancel Note "(C) If the veteran does not pay tha principal and interest of the Joan with in six months after its maturity, or in any event by Sept. 30, 1925 the bank shall present the certificate and the note to the secretary of the Treasury not earlier than May 30, 1925 and not later than Oct. 15, 1925. The Secretary shall thereupon cancel the nola and the certificate and pay to v- th bank the amount of tiie unpaid principal due it and the unpaid interest accrued at the rate fixed by the note, up to the date of the check issued to the bank. The difference between" 60 percentum of the loan basis of tho certificate at the time of its receipt; by the secretary and the amount so paid to the bank shall be Immediately paid by the Secretary to the veteran, if living. In case of the veteran's death after the expiration of the six months after the maturity of the loaa or in the case of his death after Sept. 30, 1925, such difference shall be paid to the beneficiary under the certificate except that if such beneficiary dies before the veteran and no new beneficiary is named, or if the beneficiary in the first instance has not yet been named, then the payment : s-hall be made to the estate of the veteran. In Case of Death "(D) If the veteran die before the principal is due the amount of the unpaid principal and the unpaid interest accrued up to the date of his death, shall be immediately due and payable. In such case or if the veteran dici sfter the principal is due but before the expiration of the six months after the prlntipal is due or before 1 o'clock, 1925, the bank shall upon notice of death present the certificate and note to the secretary who shall thereupon cancel the note and pay to the bank in full satisfaction of its claim, the nmmin t nf the unDaid Drincinal and I interest at the rate fixed in the note. accrued up to the date of the check issued to the bank; except that if prior to the payment the bank is notified of the death by the secretary of the treasury and fails to present thfc certificate and note to the secretary within 15 days after notice, such interest shall be only up to the . fifteenth day after such notice. The secretary f hall deduct the amounts so paid from the face value, as determined under section 501, of the certificate. ) "(E) When any loan is In default, the bank shall within thirty days thereafter notify the secretary of the treasury of the facts relative to thu note, the name of the veteran and the number of his certificate. "(F) The loan basis of any certificate at any time shall for the purposes of this section, be the amount (Continued on Page Twelve)