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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Sep 24, 1925
Page
7
Scrambled market notes from Savannah and Chicago reflect turpentine at 1.08 1/2, 3275 sales, 14 358 stock. St Louis grain futures with Sept and Dec around 1.53 1/4 and 1.49 1/4. New York stocks weak and cotton steady at 23.65 middling. New Orleans futures show Oct at 22.90 and May at 23.23.
The League of Nations council in special session decided to dispatch a representative to the Mosul district of Mesopotamia to investigate British charges of mistreatment of Christians by the Turks.
Washington from the Associated Press reports that Chairman Madden of the appropriations committee pledged to push the tax reduction bill through the House and to sidestep supply bills. The statement came as Coolidge was told a clear path to passage is possible.
In Chicago on September 24, Col William Cooper Procter sues Col A A Sprague to recover half of a $100,000 note tied to Procter's financing of Leonard Wood's 1930 presidential campaign. The defense cites $750,000 spent by Wood supporters, with Procter accounting for $700,000 via his own notes. A note bearing Sprague's name backs the suit as central evidence. A remonstrance over lavish expenses is cited with Procter's remark about spending details being none of Sprague's business.
Ernest Camp of Monroe was elected president of the Georgia Press Association at the convention session. Miss Emily Woodward of Vienna becomes first vice president, and the second vice presidency is abolished. Jack Williams of the Waycross Herald Journal received the Sutlive trophy for service to his community.
The AIF board closes its initial inquiry phase as it weighs future expansion tied to industry growth. Mr Hoover notes federal guidance for water navigation, safety inspections, and navigator licensing, with much work suitable for the Commerce Department using existing personnel and structures.
Delegates from France and the United States met in informal sessions at a Baltimore hotel to discuss debt settlement terms. M. Caillaux, spokesman for the French group, refused to disclose details, signaling further talks to come. The French embassy hosted a dinner where Caillaux noted they had discussed many topics except the debt. Senator Robinson of Arkansas expressed cautious optimism about the negotiations.
A French commission led by a capable financier seeks a conciliatory settlement. If both sides show willingness to concede, an agreement may result from the visit. The financier notes France’s need to settle now as economic and industrial revival approaches.
Washington notes detail the 1917 1918 French debt to the U.S. Treasury for war purchases and other needs. Principal stands at $3.34 billion with accrued interest totaling $870.0 million, bringing total indebtedness to about $4.21 billion. Significant portion comes from surplus war materials sold in France with 5 percent interest.
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