Medford mail tribune., July 26, 1922, Page 1, Image 1

F
. i.
: '
On,
rertt;
'fir
The' Weather
Fair and warmer Thursday.
Maximum yesterday 84
Minimum today W2
Weather Year Ago
Maximum 84
Minimum 50
it
Dally Seventeenth Tear.
Weekly Fifty-Second Yea.
MEDFORD, OK EG OX, WEDNESDAY, JULY 2G, 1922
NO. 107
Picturesque Oregon
Pioneer Passes On
LITTLEST GIRL MAKES A RECORD
Medford
mail Tribune
E
Woman Kills Prest.,
Iowa Ice Company,
Assault Is Claimed
At a Ripe Old Age
WIJE8R J.
MAD
ARGUMENTS
i
. ST. BREAKERS
Forty Women Throw Bricks
and Stones at Non-Union
Workers in Toledo, Ohio
R. R. Pickets, Creston, ll.,
VShot General Situation Is
the Same.
TOLKDO, Ohio, July 26. Forty
women; wives and relatives of strik
ing railway employes attacked a par
ty of non-union railroad shopmen on
their way to work in the Feartnfc
street shops of the New YoVk Central
railroad here early today. Police re
sponding to a call for help were met
with a shower of bricks and stones
which resulted in a call for police reserves.-
Three patrol wagons filled
with officers were rushed tc the
scene with orders to arrest every wot
man found In the vicinity, v ", ,. .
When the reserves reached the
scene, the women had fled and no ar
rests were made. . The trouble started
about 7 o'clock when roundhouse em
ployes were met with a volley of
bricks as the automobiles they occu
pied entered a short subway near the
shops. The women Jined up on eith
er side of the street with plies of
bricks and stones beside them and as
each automobile, carrying the men
who are taking the places of strik
ing, shopmen entered the subway It
was showered with the missiles. No
one was seriously injured, according
to the police and outside of a few
broken windshields, little damage
was done.
CRESTON, Iqwa, July 26. -Kay
Blbdgett and George McCloud, doing
picket duty for striking ; shopfnen "of
the Chicago, Burlington and Quincy
railroad, were shot by a. guard em
ployed by the company; shortly after
midnight.
Blodgett was removed to the hos
pital and is said to be in a, critical
condition. McCloud was not serious
ly wounded.
. Government in Control
CHICAGO, July 26. (By the As
sociated Press.) With the govern
ment assuming control ' of freight
traffic from midnight last night, the
eastern railroads continuing their ef
forts to form new unions of shopmen
and" indications from Montreal that
a walkout of 40,000 Canadian shop
men had been authorized, peace in
the railway strike today seemed re
mote. On the other hand good will was
apparent in the meetings being held
at Baltimore between officials of the
Baltimore and Ohio railroad and rep
resentatives of the shopmen ' which
have been regarded as a possible pre
cursor to other individual settlements
If successful. -.- !
No further spread, of the strike
was looked for. Plans have been
perfected for delivering mail by mo
tor truck at least once a day to every
community in tipper Michigan, North
and South Dakota and 'Minnesota.
Curtailment of train service ' dur
ing the last 24 hours was negligible.
The Pennsylvania railroad issued a
statement last night saying passenger
and freight service had been restored
t-ft normal on that road.
' Dentson, Texas, was placed under
martial law at 5 o'clock this morn
ing by Governor fN'eff who ordered
fivo companies of the Texas National
guard to duty there.
California Fruit Hit
Governor Stephens of California in
a inesqge to President Harding call
ed attention to possible -shortage of
refrigerator cars for transporting
fruit. . . ;.; ?; W ;;;'" ;)
Two big western "trunk JineS, the
(Continued ori page eight) -
MM FOR
AUSTIN, Texas. July . 26. Basset
Miles, United States prohibition en
forcement officer and three others
have been x indicted on a murder
charge by the Travig county grand
Jury. In connection with tne hoot
ing several months ago - of Peeler
Clayton. The indictments returned
yesterday, were made : public today.
Others indicted are LAfe Young,
chief of detectiws of Austin: W. 8.
Mayherry. custodian at Camp Mabry
and W. Iv. McNeil, Austin policeman.
Clayton was killed in an alley in the
PROHIBITION AGENTS : CHARGED WITH
SOUTH BEND, Waah., July 26.
One of the distinctive charac-
ters of the old northwest Is being
burled here today In the person of
Judge John Nathan Skldmore who
died at the age of 89 years. He
came from Kentucky to Oregon 69
years ago and helped cloar the
forest from the present site of
Portland. In the Indian uprising
in 1855 Mr. Skidmore joined the
.Oregon mounted volunteers and
he engaged in a number of bat-
ties during the warfare. .
Son of Former French Banker
. Faces Breach of Promise
Suit for $500,000 Marie
Porquet, Girl in Case, Hiding
'in New York.
, NEW YORK, July 26. Baron
James , Henri DeRothschild, son of
Baron Henri de Rothschild, head of
the famous Rothschild family of
France, was sued for $500,000 dam
ages in state supreme court here to
day, by Marie Porquet, a French girl,
who alleged she came here last
spring upon bis promise to marry
her and that be has since refused to
fix a date for the marriage.
A statement issued by the baron'B
counsel, fidgar" . T. Brackett, de
clared the French nobleman "denies
most strenuously the statements' of
the plaintiff and says that the claim
that he ever promised or contemplat
ed marrying her is absurd and with
out the slightest foundation."
..The baron now is" in Plirls. The
complaint was served .on him here
June 27. , . - - . : .
In her complaint Mile. Porquet
alleged Rothschild promised her in
France last April 22 that he would
wed her within a reasonable time if
she would come to the United States.
She agreed, to become his wife and
arrived here about May 15, the pa
pers said. She declared he has re
fused to agree' on any date for the
marriage though more than a reason
able time has elapsed since her ar
rival. ' :
Answering tle . complaint. Roth
schild's attorneys deny that their
client proposed to Mile. Proquet in
France .or that she came here Under
such a promise.
' "'This' Is one of those cases where
a man is confronted with the alter
native of. either paying a large sum
of money or fighting out the issue
Regardless' of publicity," said the
statementof Mr. Brackett.
' DeRothschild, according Ho Mile.
Por'q'uet'eiattorneys, Is the eldest son
of Baroh. Henri DeRothschild,' and is
27 years old.- He Is unmarried and
was widely entertalneu when he came
to the United States In March for a
tour of this country. Mile. Porquet
is 2 4 and is hiding in New York City,
the attorneys said. .....
The Daily
Bank Jobbery
I HARROLD, S. D., July 26. The
sheriff of Hand county with a posse is
searching for five bandits who blew
I the safe in the State Bank of Holablrd,
fn.ear here, early today and escaped
, with $900 in cash and $40,000 in secur-
' itiesf
KILLINGS IN - TEXAS
neighborhood of the Ku Klux Klan
hall here.
BEAlMONT, Texas, July 26. In
djctments charging William A. Nil
son, division chairman of the gene-:
rat prohibition 1 agents at Dallas and
General Agent Oonzaullos with mur
der in connection with the fatal
shooting here Saturday night of Jus
tice of the Peace Showers was re
turned by the Jefferson county grand
jury today. Both men were placed
in the county Jail yesterday when de
nied bail following a preliminary
hearing in Justice court.
DE ROTHSCHILD
IS ACCUSED BY
FRENCH MAIDEN
FOR R. RETE
Ex-Member of Ku Klux Klan
Reported to Have Given
Complete ReporJ of Meeting
Which Ended in His Sus
pension Fiery Speeches in
Klan Reported.
The special grand jury investigat
ing the night riding and other opera
tions and activities In Jackson county
lust Rnriiifr Wjih wtill riflvincr tntn Ihn
"hanging" of J. F. lfale, and it is
not expected they will conclude hear
ing the testimony in this cuso until
late Thursday afternoon. tHalo,
already on the stand once, when he
gave Intimate details of his experi
ences, will be called back.
The chief witnesses before tho In
quisitorial t body Wednesday, were
James B." Ednilston and Kaymond
Keter, former members of the local
chapter of the Ku Klux Klan. Edmis
ton withdrew and wrote an open let
ter criticising the alleged methods of
the organization following the first
of the series of outrages. Reter, fol
lowing a ruction, within the lodge
rooms, was "suspended for six
months." Reter told tho officiating
officer, he testified, "to make it as
long as you please," and left.
Edniiston On SUind.
Edmlston was on the stand for four
hours, and is slated for anothor ap
pearance He told of klan meetings
he attended, of members present, of
speeches, some of them fiery, and all
the intimate details of tho workings
of the secret political organization.
Reter In his testimony corroborat
ed Edmlston, it is reported, and de
scribed the initiations of March 4th,
discussed ' at great length by resi
dents of tho Rogue River valley. Re
ter. was accused- of violating onths
"the penalty of which is death,"
when ho resented the imputation
made on the floor of tho lodge, that
a warm friend was a Catholic. Reter
tojd the grand jury Mayor Gates
made a speech in his behalf when his
case - was under consideration for
Violation of "vows." Reter also
told of the sentence of the officiat
ing officer, his own fervid reply, and
leaving the hall in a huff. Later,
with his friend, he faced the latter's
accuser on the streets of this city,
and the matter was adjusted at a
stormy session on the street, In which
denials were abjectly made.
Halo Affair Dlscu&scd.
1 Reter told the grand jury that he
had "heard the Hale matter" talked
of after the regulatr sessions of the
lodge, and gave the names of those
he had heard in these conversations,
deploring to one acquaintance the
folly of such action. 1
The testimony of both Edmlston
and Reter, ft is said, both confirms
the letters found in the Los Angeles
raid on the office of the Grand Gob
lin, when valuable documentary evi
dence was obtained.
Tells of Halo Trial.
Department of Justice agents are
expected today to tell of the "jury
trial" given Hale, and tell who was
the judge and who were the jury,
who were the witnesses, and who was
tho outer guard. The "trial" is al
leged to have been given in the of
fice of a local professional man. The
"trial" took place three weeks before
the "necktie party."
More Witnesses.
Witnesses subpoenaed to appear
before the grand jury today, include
among others, J. P. Hittson, former
Medford chief of police, Dr. McM. M.
Dow, Joe McMahan, state traffic of
ficer, Jack Hempstreet, former Med
ford policeman, Dwight Vimont,
until recently a postoffico employe,
M. B. Bunnoll, party in a suit for
150, filed against Hale, John J.
Hoogstraat, local Kleagle who was
'out of the clfy Tuesday, when a sub
poenea1 was Issued, and P. E. Wyn
koop, a local citizen.
The Tuesday afternoon witnesses
at the hearings were H. E. Griffiths,
local kleagle, W. J. Warner, post
master and Tom Word, head of the
department of justice In the north
west. Bring Burr Hero.
Arthur Burr, colored bootlegger,
who after serving 30 days in the
counfy Jail on conviction for boot
legging operations, was decoyed into
an auto, and driven to the summit
of the Sisklyous, where he 'was sub
jected to hanging and told "to run,"
has been located by the federal au
thorities at Modesto,' Calif., and will
be brought back to this city to tes
tify. Burr's whereabouts have been
indefinite, and he has been trailed
through several central California
towns. Burr was the first victim of
the nlghtrltflng operations.
The third case is that of Henry
Johnson, of Jacksonville. Evidence
will be introduced in this case to
show where the charges against him
started and who spread them, to hip
alleged fellow knights, resulting In
an "uplift movement" with a rope.
Johnson appeared before the last
county grand Jury, Johnson says he
can Identify his persecutors, and Is
open in, his charges.
(Continued on' page eight)
Bettv Unlink Whn haa Knnn ,,111
good, night stories to kiddies since
sne was four is said to ho n, .,n
est and youngest ltttlo person ever
c" youngest irttlo person ever
to have her stories recorded for tho1
LEAD, SI. LOUIS
BEATEN 10-5
NEW YORK, July: 26. With their
lead safe for at least a day, the New
York Giants took a chance of pitching
Phil Douglas tortny in the second game
of the series with the. Cardinals. Doug
las'Vas bothered with' a sore arm all
tfirough New York's western trip and
has not gone through nine innings in
weeks. '
Bill Sherdel, who defeated the
world's champions by a score of 1 to 0
when they last were in St. Louis, was
on the mound for the Cardinals, . Sher
del, a left-hander, lias been the most
effective St. Louis pitcher tills season.
The Giants scored an unearned run
in their half of the first with one out.
Rawlings slashed an infield single to
Stock. Frlsch filed one to Flack. Meu
sel walked, advancing Rawlings to sec
ond. Young singled to, centor and
Smith's good throw had Rawlings at
the plate but the runner was safe when
Alnsmlth dropped the ball. Klem, who
had first called Rawlings out, reversed
his decision. MeuscI reached second
on the play and then he took a lead off
second, Alnsmlth picking him off the
base with a good throw to Lavan.
Cardinals Take Lead
The Cardinals toolc the lead with
two runs in the second. Fournier sin
gled and stole second, aided by"a short
passed ball, reaching third when Stock
sacrificed and scored on Ainsmlth's
scratch single to Ilancroft. Alnsmlth
stole second aided by another passed
ball by Snyder and scored when Lavan
singled to center. Sherdel and Flack
expired on easy plays to the Giants'
infield.
The Giants tied the score with a run
in their half of the second. Kelly sin
gled to center and scored on Cunning
ham's long double over Mueller's head.
Snyder grounded to Lavan and Cun
ningham was cut down at third. After
Douglas filed out Ilancroft singled
Snyder to second but Rawlings left tho
pair with a lift to- Mueller.
St. Louis took the lead by scoring a
third run in the sixth. Hornsby dou
bled to left center and reached third
on Mueller's out, Frlsch to Kelley.
Fournier brought him home with a
single to right. Stock grounded to
Kelley, Fournier taking second and
Alnsmlth was retired on a stiff groun
der to Bancroft. '
Sherdell Knocked Out
The Giants finally knocked Sherdell
out In the sixth and lumped out in
front with four runs. Cunningham and
Snyder led off by slashing singles to
center. After Douglas fanned Ilancroft
hit to right scoring Cunningham and
advancing Snyder to third. Sherdell
then was taken out after fourteen hits
had been made off him. Pfeffer re
placed him. Rawlings singled to left,
scoring Snyder but Rawling was out at
second trying to make that base on the
throw-In. Frlsch walked and was safe
at second on an attempted steal when
Lavan muffed Ainsmlth's good throw.
Frlsch came hme on Meusel's single
to right. Young ended his string .of
hits when he bunted foul for his third
strike. ' i
A homajMin by Jack Smith put St.
Louis bacilli the game In the seventh,
the Cardinals scoring twice. Lavan
walked and Mann ran for him. Topor
cer batting for Pfeffer, was called out
on strikes. After Flack filed out Smith
hit into the lower right field stands for
a home run, scoring Mann ahead of
AN
CINCH
whirling disk. Little Betty is only
to thousands of children throughout
1110 country, vv. o. j.
engineerjllrcUnK.
tile country, vv. . jjuroy, recording
National 1cuguo
At Boston
First game:
Chicago
Huston t
n.
..t
. .2
and
II. B.
6 1
10 0
Hutterics: Alexander
O'Far
roll; McQuillan and O'Ncll.
Second gamo: B- 1L
rhlfiiiro J"' 1
n.,1,, 1 4 0
Hutterics: Kuuffmnn and O'Fnr
rell; Miller, McNaniara und Gibson.
At Brooklyn B- H. E-
Pittsburg .... .0 4 2
Brooklyn .7 10 0
Batteries: Glaxncr and Jonnnrd;
Reuther and Doberry, Hungling,
, . .. '
At Philadelphia i
Wlmrt enmot R. H.. B.
Cincinnati 1 H 3
liVitliiHoltihlfL -..12 16 1
Butteries: Itlxoy and Hargrave:
i Weinert, Winters, llubbell, Bins and
Petors.
.American IX'UBiie.
At Cleveland B. H.
Philadelphia, ' 1 ' 0
mnvelnnd .... .2 4 1
Butteries:' Rcltlg, ISckort and
Perkins; Uhlo and O'Ncll.
At' Chicago: B. H.
Boston 3 8 .
Phlcniro 1 3 0
Batteries: Quinn and Huclj Bob
ertson and Schalk.
At Detroit: B. II. B.
Washington 6 0 0
Detroit 4 14 2
Batteries: Mogrldgo and Plclnlch,
Gharrity; Plllettc, Olsen and Woodall.
Dozen Eggs Too Much.
YAKIMA, Wash., July 26. "Uncle
Tom" Fife, who is about 75 and one
of tho real pioneers ot tho upper Yak
Ima Valley, this morning ato a dozon
scrambled eggs for breakfast after
which ho suffered a paralytic stroke,
His condition is serious. "Uncle
Tom" is one of the best known char
actors of tho district and loft anitand
ing order for n dozen scrambled eggs
for breakfast at his favorite restau
rant whenever ho was In Yakima,
him. Hornsby was thrown out at first
by Bancroft.
Glanta Make Three
Barfoot went In to pitch for the Car
dinals at the start of the Giants' sev
enth Inning. The Giants came back
with three runs in their half of tho sev
enth. Kelly singled and was forced at
second by Stengel batting for Cunning
ham. Snyder singled and when Doug
las was hit on the right forearm it
filled the bases with one out. The
crack on Douglas' arm was exceeding
ly painful and at first It was believed
the bono was broken. Bancroft forced
Douglas on a grounder to Hornsby,
Stengle scoring and Snyder reaching
third. Bancroft stole Becond as Raw
lings struck out. The third strike was
a passed ball by Alnsmlth on which
Snyder scored, Bancroft reaching third
while Rawlings got left on first base.
Bancroft scored on Frlsch's slnglo to
right. Pertlca went in to pitch for the
Cardinals. Rawlings was nailed at
third for the third out.
R. H. B.
St. Louis 0 2000120 0 6 7 4
New York....l 1 0 0 0 4 3 1 010 20 0
Batteries: Sherdell, Pfeffer, Barfoot,
Pertlca and Alnsmlth; Douglas, Ryan
and Snyder.
Babe Hits 16th Homer
ST. LOUIS, July 20, Babe Ruth got
his sixteenth home run of the season
off Wright with none on base in the
seventh inning of today's New York
St. Louis American game. Both sides
went out In order in the sixth.
The New Zealand government is
replacing Its wooden telegraph poles
and letter posts with relnfrneed con
crete ones.
' BASEBALL SCORES
COUNCIL BLUFFS, Iowa, July
26. S. C. Freden, president of the
Citizens Ice and Coal company of
Council Bluffs, was shot and
killed today by Mrs. Linda Taylor,
wife ot William Taylor.
Mrs. Taylor alleges that about
one week ago when Freden came
to her house to collect a bill he
assaulted her; that county of tie-
ials refused to take any action 4
and that today when Freden
again appeared at her home she
shot him. According to the police
there was a dispute between them
about a bill.
.
IN HERJDEATH
Mrs. John Reisler of N. Y.,
Whose Sister Is Shot By
Son, Says 'I Hope She Dies,
if She Don't I'll Choke
-Her!'
NEW YORK, July 26. Miss Bertha
Katz, named as co-respondent in a sep
aration suit filed lust November by her
sister, Mrs. John J. Rolsler, against
"John The Barber," was shot throe
times and fatally wounded today in her
Brooklyn bedroom. Police arrested
Mi b. Reisler, her two sons, Morris and
George and the slain woman's brother,
Max Katz, charging each of them with
homicide.
After taking Miss Kntz to a hospital,
detectives who snidtliey found her
sister, brother nnd nephews In a room
adjoining the bedchamber, took all of
thorn to the deathbed whoro the detec
tives declared, the dying woman identi
fied Morris Rolslor as the one who
shot her. Her Bister, Mrs. Reisler, the
police alleged, declared that she and
not her son, did the shooting.
"I hope she dies If she don't I'll
choke hoi- I have been waiting a long
time to got her," they quoted . Mrs.
Reisler as saying on tho trip to the hos
pital. '
Mrs. Relsler's husband, formerly a
Harlem barber, now an automobile sup
plies salesman, was once manager of
Jack Dempsey, It is said.
Informed that her sister had died
Mrs. Reisler- said, according to the
police:
"Good, I'm glad of It."
In her complaint for a separation
last fall, Mrs. Reisler said that while
her husband was riding around in his
automobile with her Bister,- she was
compelled to "ruin her eyesight by
making bead bags for her neighbors to
buy bread for her children."
CHICAGO, July 26. The settle
ment of $150,000 reported to have
been awardod William C. (Billy)
Camp In ending a suit by his former
wife, Mrs. Kutherine C. Thome, was
under attachment today by his cred
itors. Deputy sheriffs picketed the
Thome home for five hours before
they could serve th garnishee on
Mrs. Thome and prevent' the trans
fer to Camp of stock In Montgomery,
"Ward company which was to have
completed the transaction.
BANKS CALLED ON BY
AID U S. A.
WASHINGTON, July 26. Banking
Institutions of tho country were culled
upon today by Secretary Mellon to
extend their facilities for tho ex
change of outHtandinpr four and
three-fourtha per cent Victory notes
for the new four and one-fourth per
cent treasury notCH offered for 8Ub
scription as part of the fcdurul pro
gram for funding tho short dated
debt.
In a letter to bankers the treas
ury explained that approximately
$4,500,000 of the nation's short dated
debt must be refunded during- the
current fiscal year.
"The refunding of this dobt," ho
said, "will have to be accomplished
within the next ten mon'thH. The
$300,000,000 of treasury notes will
provide for the treasury certificates
maturing August first und for the
GIRL MURDERED;
SISTER GLORIES
FOR RECALL
DELIVERED
Howard Hill in Affidavit
Claims Opposition to Recall
Is Political Plot to Gain
Votes for Olcott and Injure
Schools Judge Hamilton
Opposed By Defendants.
All affidavit signed by Howard A.
Hill, local orchardlst, charging that
the application for an injunction
against the recall election Saturday
ib "Inspired by a sect that Is opposed
to the public schools," was filed in
the circuit court this morning, by
John J. Jeffries, of Portland, legal
representative of the Ku Klux Klan,
In thiB vicinity. Hearing ot the ar
guments for and against, the grant
ing of tho injunction wore begun
this morning, and were still in pro
gress late this afternoon.
The Hill affidavit!, also charges
that the legal steps, are also "part
and pnrcel of a political plot to gain
votes for Governor Ben W. Olcott."
, The attornoys for Sheriff Terrlll,
will combat the affidavit, on the
grounds, that age-old religious pre
judices, and the political viewpoints
of the Ku Klux Klan, are not matters
to bo discussed, at a hearing on a le
gal point of law.
. Jmlga Hamilton Retires
Witli the opening of court, and the,
calling to the bench of Judge J. . W.
Hamilton of Douglas county, to hear
the injunction- pleadings, Attorney
JeffrieB,' appearing for the Ku Klux
Klan, filed an affidavit of prejudice
against Judge Hamilton handling the
case, signed by W. D. Hughes,'- a vul-'
canlzer, with a shop on North Grape ,
street. Judge Calkins had requested
Judge Hamilton to sit on the bench
during the hearing. The clerk read ,
the affidavit, and it was granted,
as a matter of legal form.
After sotting ,f5rth that the de
fendants In the Injunction proceed
ings are D. M. Lowe, recall candidate
for sheriff, the Rev.'W. Judson Old
field of Ashland. John J, Hoog
straat, local Kleagle, George Iver
son, a carpenter, Clay Walker, How- '
ard A. Hill, R. L.r Ray. Thomas E. '
Goodie and W, D. Hughes, the
affidavit stntes "that' it Is al
leged in the complaint herein, that
said defendants and myself are
Knights of the Ku Klux Klan, and
that said allegation is made for the
purpose of prejudicing said defend
ants in the eyes of the public, and In
the eyes of the said judge, which will
not enable them to have, Bectire, or
.receive a fair and impartial'-trial in
the said court before said court."
iKobcrtM Opens Argument
, The opening argument foi"the In
junction was ,m ado by Attorney
George M. Roberts. Ha dealt''tipon
l,he fraud -allegations, holdtng'that
proof of such vitiated the'entlte ta'ocu
jnunt', and. that the'laW-'Btated'.'that '
the signers of a recall! petition; re
quired all signers to be' 'Voters' a't the
last general election, andndt the
primary. In support of this conten- ,
tion Attorney Roberts Bald, that it
such were not the case, It would be
easy for a political organization to
move from county to county, stay the
required length of time, and then use
the recall as a means of usurping tho
public offices.
Attorney Roberts also sot forth
that no specific charges had been
mado against the sheriff, and that
the real motive back ot tho recall
(Continued on page eight)
MELLON TO
uf rwT
IN
'treasury,'! remaining-'; xah. (roquiro
ment 'between now: jinc Septomber
15, 1022, while tho offering to allot
bonds in exchange for 4-'s Victory
notes should accomplish the refund
ing of some more of the Victory
Liberty loan and reduce the amount
of Victory notes to bo provided for
upon redemption or maturity.
"By January 1, 1023, tho outstand
ing Victory notes will have been re
duced to nbout $1,000,000,000, a
manageable maturity which can bo
dealt with as opportunity . offers
without spectaexilar refunding oper
ations that would upset the security
markets and disturb the courwoj of
business and Industry."
Mr. Mellon stated that by June SO,
1022, the gross public debt had boon
reduced to about $22,003,000,000, n
reduction .of about $1,(152,000,000
during the past fourteen months. ;