AMERICAN ITEMS.

Hokitika Guardian, 10 June 1922, Page 2

AMERICAN ITEMS.

ITJ3TUALIAN AND N.Z, CABLE ASSOCIATION. LENIN’S POAVF-R. GONE. NEW YORK, June 8. Chicago “Daily News” states cables and private advices declare Lenin is absolutely eliminated from the Russian situation. A crisis is developing which must inevitably affect the entire Europe. Brain trouble, and paralytic stroke or acute breakdown is taking Lenin out of the situation, if not the world. In ally event his active career has ended. No one has yet appeared who is ready to take up Lenin’s policy of slow, hut steadv reconciliation with the other powers of-Europe.

LENIN’S HEALTH. NEW YORK, June 9. The “New York Times” correspondent states Absolutely trustworthy information has come to high officials in the American Government ivlxich indicates tlia,t M. Leitin has suffered a serious stroke of apolexy front which lie is not expected to recover.” HUGE FRAUDS. • ; NEW YORK, June 8. One of the greatest financial scandals in New York has been revealed upon the conviction of the American Cotton Exchange on* charge of “buck--61111" ” The exchange did not deal in actual sales of cotton, hut merely conducted a large gambling scheme whereby market quotations were used to de-. fruad tlie customers. Several individual members have been convicted and imprisoned and the Exchange has been fined five thousand dollars. Other members are awaiting trial. This is. the first conviction for “bucketing” under the law passed forty years ago. It'w«s_ diselosed that brokerage houses directly gambled against their customers, who have lost hundreds of thousands of dollars. *