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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Silver Lake Record
Location
Silver Lake, Indiana, United States of America
Date
Apr 26, 1923
Page
3
Rosenberg urges adoption of Secretary Hughes' program while the government moves to halt sugar speculation. The Supreme Court upholds the Gran1 Futures Act, shaping market oversight amid ongoing fiscal policy debates.
Edward W. Pickard reports SBert H. Gary of United States Steel Corp warns the labor shortage may worsen and calls for more European cheap labor. The administration resists relaxing immigration standards or admission rules.
The crisis deepens as negotiations falter with no clear path to an accord. Premier Poincare vows Germany must pay reparations and warns Ruhr occupation will persist, while Berlin denounces French pressure and hints at peace gestures.
Berlin sources say secret talks involve Secretary Hughes on a new financial court. France seeks a threefold package including a two year moratorium, continued Ruhr occupation, and large cash and bond payments. Britain and Russia comments touch on Italy and Zepliak case amid broader economic strain and rising unemployment.
About 1900 members of the National Economic League Council, including eminent Americans, vote on international questions. A large majority support the French Ruhr occupation to collect reparations, backing for a world court, and joining the League of Nations with reservations, plus an international conference on war finance. Just over half favor limiting interest on war debts to 3 percent.
The Republican national committee condemns Lord Robert Cecil and other propagandists for promoting the League of Nations in the United States. It accuses them of portraying Americans as sordid and selfish and calls chambers of commerce to stop promoting foreign visitors. It urges focus on Americanism and keeping to home affairs.
Lenin, bedridden, opened the all Russian Communist Congress and called for stopping the Soviet retreat and for government action against internal efforts aimed at reestablishing capitalism. Zinovieff, bearing his leader's age, 4
Italy's premier confronts a Populist split as Turin congress endorses opposition to Fascist policies. Vatican approval follows. Four Catholic cabinet members face pressure to back Mussolini or resign. Milan ultimatum foreshadows a larger crisis. outcome remains uncertain.
Attorney General Daugherty acting with President Harding filed injunction proceedings in New York to end all trading in sugar futures. The New York Coffee and Sugar Exchange and members are named, seeking a permanent injunction. The action cites an orgy of speculation driving sugar prices up for consumers. Seymour leads the case. criminal Sherman law action is under consideration.
Henry Gibson Brock a wealthy Philadelphia banker and clubman was intoxicated when he rammed his car into a street car killing three people. He admitted drinking and had no memory of the tragedy. Judge Audenried ordered six to ten years in solitary confinement and Brock began serving immediately.
The high court upholds the act requiring grain exchanges to admit farmers' cooperative associations. Chicago grain men say the act ends cornering and cramps large speculators yet legalizes futures trading. Exchanges become contract markets under Secretary of Agriculture oversight to curb manipulation harmful to producers shippers consumers and legitimate interstate grain dealers.
The article accuses William Randolph Hearst of using his papers to pressure Chief Justice Taft by alleging he receives an annuity from Andrew Carnegie. It condemns the insinuation as slanderous and contemptible while noting a broader fight to alter constitutional checks on Congress.
Congress and officials debate American war damage claims against Germany totaling about one billion dollars for private losses and noncombatant deaths. The mixed claims commission hears figures including $150 million in final estimates, with $350 million in German assets in play and potential use to satisfy claimants.
Senate discussion seeks curb on Supreme Court power with proposals for at least six of nine justices to rule a law unconstitutional. Fess cites Ohio practice and argues departments must act independently, opposing Borah and La Follette on expanding congressional override.
Representative Frear of Wisconsin articulates a tentative program for the progressive group led by Senator La Follette. Plans include a lower rate on excess profits tax at lower brackets, retroactive tax on undistributed corporate earnings, higher inheritance taxes, gift tax measures, and abolition of secrecy on tax records. Also urged is a constitutional amendment to reach tax exempt securities and stock dividends.
The report by a special committee appointed by President Hoover's unemployment conference blames overexpansion, inefficiency, waste, and boom excess for depressions. It urges credit control, inflation management by the Federal Reserve, delayed public works, prompt government statistics, unemployment funds, and a national unemployment bureau system.
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