AMERICAN CABLE NEWS

Hokitika Guardian, 30 May 1928, Page 2

AMERICAN CABLE NEWS

United Press Association. —By Electric Telegraph.—Copyright.)

CANADA’S STATUS

OTTAWA, May 28

The whole question of Imperial relations was raised ill tlie Canadian House of Commons by Mr Bourassa, when lie moved an amendment in supply on external affairs.

Mr Bourn,ssa said that he regretted that proper steps had not been taken to give full efleet in both the Dominion’s domestic and its external aqnil’s to the equality ol status that was acknowledged by the Imperial Conference to he the fundamental principle of the relations between the British Dominions. He laid stress on the importance of Canada not assuming moral obligations in International affairs.

The Premier (Mr MacKcnzie King), held that experience since the Imperial Conference had served to show that the course taken at that Conference was the proper one. The Conservative Party leader, Mr Bennett, said lie thought that equality of status was a high-sounding term, which did not properly represent the situation. There could not he equality, unless they had the right to make peace or declare war. They must also have tlie right to amend their constitution.

GOLD TRANSFERS. NEW YORK, May 28.

'l’lie announcement is made that fifteen million dollars worth more of gold has been engaged for export front New York to London, with ail intimation that subsequent withdrawals of gold to London would he considerably greater. Despite this, sterling exchange has held firmly around 4 dollars 88 3-3 cents for cable transfers. In some hanking circles it was said that this movement of gold from New York to London might reach one hundred million dollars in connection with a plan for the fusion of tlie British currency.

WORLD’S GREATEST BANK. NEW YORK, May 28.

Offering a statistical analysis by L. F. Rothschild and Coy. the National City Bank of New York lays claim to he flic largest hanking institution in the world from the standpoint of its capital surplus and undivided profits. Its recent capital increase, involving a total of sixty million dollars, of which fifteen millions accrue to the bank’s capital, increases this item to ninety million dollars.

FLOODS BURST DAM. (Received this day at 9.30 a.m). OTTAWA, May 29. A message from Chicoutimi, Queboebec, states a big dam, after holding hack a million logs for ten days against heavy pressure from flood waters from Lake Saint John, gave way on Tuesday and lumber worth a million and a half dollars is sweeping down Petit Do Charge Itiver. The flood situation at Roliorvale is extremely grave and several Quebec towns are entirely under water aiul cut off from tlie outside world.

U.S. STONEWALL. .Received this dav at 8.30 a.m.) WASHINGTON, May 29. Weary and be-draggled Senators who were physically exhausted after an allnight session maintaining a so-called filibuster on Boulder Dam project, received some hope of relief as noon approached, when the Leaders worked out an agreement for a possible adjournment before nightfall. Meantime sleepyeyed Senators held the floor for hours at a time during which periods many of them dozed while they were supposedly delivering addresses. The high point of the night session was reached when Senator Bloase heralded the dawn by mimicking bird-cries and fluttering Ids hands. Others took short naps in the ante-chamber and some tried to keep themselves awake by drinking iced coffee. The,object of the filibuster is to frustrate the passage of the hill by absorbing the remaining time of the session.

AMERICAN POLITICS. NEW YORK, May 29. With a suddenness not at- all uncharacteristic of American politics, one very old issue suddenly has leaped into prominence, and at this moment promises to overshadow all other issues as preparations are being made for the opening of the Republican national convention a fortnight lienee. Mr Coolidge’s veto of the McNarv-Laugen Bill lias had the effect of concentrating all political attention on the American farmer and his votes. Two months ago corruption in high places promised fo he the pivotal issue in November, hut to-day it seems completely forgotten and the prediction that corruption “ will not change a single vote in November,” seems unanswerable. Now the interesting thing, however, is the political manoeuvring behind the sudden rise of agriculture aid as such a burning issue. It is, accurately speaking just “ polities,’ ’and while serious enough it can safely he said it will not decide the choice of the next President, just as it was no paramount factor in 1924.

CONGRESS ADJOURNS WASHINGTON, May 29

Congress adjourned for the summer late this afternoon, after the Senate had passed a resolution to that effect, ending the twenty-four hour filibuster on the Boulder Dam Bill. The House passed a similar resolution shortly after the Senate.