AMERICAN CABLE NEWS

Hokitika Guardian, 10 March 1927, Page 2

AMERICAN CABLE NEWS

(Australian & N.Z. Cable Association.]

A HUGE TRANSACTION. WASHINGTON, March 7. The Treasury has announced the refunding of the .second Liberty loan, involving over 3,000,000,000 dollars worth of bonds.

The operation constitutes one of the greatest financial transactions in America’s history, and marks a further step in the Treasury’s programme for tlie realignment' of the nation’s debtgrowing out of the war.

These bonds were floated in November, 1917. and bore 4$ per cent interest. being payable in 1942, but could be called after November, 1927, at the option of the Government. The Treasury now offers the holders of these bonds the right to exchange them for new obligations, namely five years at 3.V per cent. -

This means an annual saving in Interest of 22,000.000 dollars. STUDENT SUICIDES. NEW YORK, Alareh 9.

The student suicides in the United States, some of which were cabled on February 22nd. continue unabated and they now total 28.

The tragedies are causing increased anxiety. The latest suicide is a Princetown University honour student, named Bruce Wilson, the son of a wealthy manufacturer. He drank iodine and then hanged himself in It is college room, leaving no explanation, though he was despondent over his ill-health.

Doctor Frederick Robinson, a leading sociologist, advances the following method to prevent additional tragedies: First, wholesale physical exercises; secondly, paternal discipline must be maintained ; thirdly, the students- should not be allowed to read psychology, or hehaviouristic psychology. or social science, until they are maturing; fourthly, any sensational reports of the suicides, tending to impel others to the same act, should be suppressed. DRY LAW SCANDAL. NEW YORK. March 9. Further disclosures ot “under cover ’ men (As tabled, on January 29th last) have led to the dismissal of scores ot indictments against violators ot the prohibition law, on the ground that juries here are reluctant to convict any offenders against who evidence lias thus been collected. Senluiouni charges have been made bv Congressman Lagtiardia. 'I hese have disclosed that an ostensible perfumery house has been operated by the Government .and it made legal the withdrawals of large quantities of denatured alcohol, and resold a poisoned beverage to -‘bootleggers - who icdistiHod it. and then sold the same to the ultimate consumer.

This perfumery house made a profit of one hundred thousand dollars in six weeks, and it turned the money over to the Government. Government 'agents arrested the bootleggers who were concerned with these charges.

The, beverages in question, despite the redistillatiou have probably caused many alcoholic deaths.