AMERICAN CASH NEWS

Hokitika Guardian, 28 December 1927, Page 1

AMERICAN CASH NEWS

(Australian & N.Z. Cable Association.) BANDITS IN TEXAS. NEW YORK, Dec. 23. News from Dallas (Texas) states that, despite an offer of 5000 dollars for each dead bandit in that State, today's outrages resulted in three robberies, two bandits being killed, two wounded and two policemen wounded. Two thousand dollars- were stolen from a Dallas bank in a daring daylight robbery by unmasked bandits. Robberies in two smaller towns brought about considerable gunplay. CRIME IN U.S.A. NEW YORK, Dec. 25. The Chicago correspondent of the

“New York Times” says that Chicago gangsters and their murderous operations have secured such a firm grip upon various large cities, notably New York, Chicago, Philadelphia, and St. Louis, that the Federal Government is alarmed at the complete breakdown of the law, and must take a hand in checking the menace.

Secret conferences arc being held at Washington, in which Federal prosecutors from several cities are consulting the Department of Commerce officials, who administer the immigration laws, lit is an established fact that the majority of professional murderers arc imported from abroad. Chicago recently had several amazing cases of murderers being freed because witnesses had been driven away or killed.

New York is said to lie tlm headquarters of a gang of criminals who collect heavy tribute in all the principal cities, through liquor, vice and gambling operations.

RIVAL POLICEMEN FIGHT. NEW YORK. Dee. 25. At South Pittsburg. Tennessee, this evening, five officers were shot dead, one was fatally wounded and three others wore wounded in a battle in the main street. The fight came as the culmination to had lee-ling between county and city police officers. RESULT OF Si WRECK. NEW YORK, Dee. 23. The Washington correspondent of the New Yi>rk “World” says that Congress "ill defer all*Navy construction and renewal programmes until the Navy Department- lias fully explained everything possible in connection with the tragedy to Submarine S 4, which was sunk in a collision with a destroyer, and has outlined the steps to ho t a ken to prevent recurrences.

In the House of Representatives Mr F. S. Britten announced that ho would introduce a Dili calling for the construction of special salvage vessels, equipped to rescue any submarine from a depth of 200 feet. It. is announced also that when Congress is rc'-onvened oil January 4 high naval officers will be cross-examined in connection with the disaster.

The House Naval Affairs Committee decided to defer the construction of the proposed 32 submarines.

STABILISING CURRENCY. NEW YORK. Dec. 25. The London corrosjxnulent u4‘ t' ie

•‘New York Tillies 1 ' says that it is rlcarly understood thorn tliat Italy’s return to tlio gold standard was ensured and virtually arranged through 11,0 cola born l ion of the central banks of Ollier countries. "This lias drawn fresh attention to the manner in which the world's great financial institutions are moving in unison for tlio purpose of attaining and ensuring sound currency conditions. The success of their ro-wp.'i at ion has boon so pronounced in tlm past that its continuance in the future is ixmsidcivd to ho fully assured.'’

At ANXHF BIA N It AIL, WAYS. NEW YORK. Dec. 2-1. 'Tbe Washington correspondent of the “New York Times” states that although the State Department indicates that it has received no definite inquiry relative to its attitude towards the proposed Manchurian loan, officials incline to the belief that in view of tho widespread protests made in China against the flotation of the. loan, the hankers will not care to proceed with Iho project They will probably decide that any financing against popular approval is inadvisable. Whether the situation will change in a few months so that the loan will then bo considered proper under all tbe circumstances is for tbe future to determine.