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Director A. D. Lewis, Department cf Mines and Minerals, left immediâ€" ately for the scene of the accident and took personal charge of the inâ€" quiry. Trained workers from the & various mine rescue stations were at ence ordered to Johnson City and took charge of the locating of the v\ictima of the catastrophe. Charges have been made, and are 4 being investigated by the state that w a production contest betweer mines _‘ ~ aperated by the Peabody Coal Co., \~ _ Was responsible for the explosion, â€"._ aminers working under dangerons gas / eanditions in order to establith hoistâ€" â€"‘diig records. This charge is denied ¢ th of the company, asserting e 18 tegularly produces from 1,000 tons daily in excess of any other shaft of the comâ€" _ NEED NAVAL BASE _ _ N HAWAll s URCGED BY CONGRESSMAN W. HULL That the United States should create the "greatest navy base in the world" at Pearl Horbor, Hawaii, dredge deep channels leading into this harbor and deepen it generally to facilitate free maneuvering moveâ€" ments and anchorage for our greatâ€" est ships was the conviction of Conâ€" gressman William E. Hull, of IIL, addressing the House today. Congressman Hull recently comâ€" pleted a thorough inspection of the Hawaiian Islands. He believes that the United States Gorvernment is meglecting its share of the expense of creating proper harbors and breakwaters at all the principal island of the Hawaiian group, a task which the territorial government nas already begun with vigor. "Pearl Hurbor is a Navy base, yet it is not the Navy base," said Mr. HuX. Pearl Lochs which make up the naval barbor form a beatiful sheet of water though deceptive as to depth and while a channel exists which is being decpened and widened to accommodate the larger naval vesâ€" sels, he asserts this channel will not solve the problem of providing an area for assembly of the fleet in time of stress. Could Be Reclaimed "The Fort Kamchameha Reservaâ€" tion," said Congressman Hull borâ€" dors the cccan on the Honolulu side at Pearl harbor and extends for three miles along the beach,. Most| of this area is swamp land which | could be reclaimed if Pearl Lochs were dredged and decpened to acâ€" commpdate the fleet and the dredzâ€" ings were placed in the swamp and | this waste area. reclaimed for an' army aviation field. | Explosion recently of gas in Mine No. 18 of the Industrial Coal Co., ut West Frankfort, resulting in the loss of twentyâ€"one lives, is the most seriâ€" ous mine accident reported to the Tepartment of Mines and Minerals At present, explained Mr. Hull, the Army and Navy are sharing Ford island within Pearl Harbor, as an aviation field. â€" He suggests that Ford Island be made exclusively a maval fiying field and an army seld created on the Kamehameha reservaâ€" tion with a â€"runway of sufficient length to permit of heavily loaded planes taking the air.. Such a runâ€" way, he disclosed, does not now exist anywhere in the Hawaiian islands. The rapid growth of aviation as a recognized arm of defense should preclude, said Mr. Hull, that the Army and Navy aviation should be cramped on Ford Island which, in lis estimation, should be given to the Navy for its exclusive use and permit the Navy in addition to create there facilities for assembly, ship repair and training centers. Once this is done, he told his colâ€" leagues in the House, this nation will be safe from any attack in the Paciâ€" in recent gears. Lives of approxiâ€" mately 600 miners were endangered. "Our naval base is an outstanding reason for our acquisition of the islands, advancing the defense of the Pacific Coast, as it does, more then two thousand miles into the Pacific Ocean. The work that is being done is converting a site for naval base but much remains to be done and appropriations "should be gonerous and continuous until n adequate base is established. "Othorwise," he declared, "the country is anjustifed in maintaining as it does a very conâ€" siderable portion of the Army on the Island of Oahu (Honolulu). "The naval base is at present sorcâ€" Iy in need of berths forâ€"ships along the Navy Yard waterfront and many other improvements vitally needed," ke said. MINE EXPLOSION IS WORST IN LATE YEARS Blast at West Frankfort, HL, Results in Death of 21 Praising the agricultural weaith snd development of the islands and declaring that the people are true Americans despite Japanese or Haâ€" vailan ancestry, the Congressman, however, told Congress today: of Islands in Defense of Nation > Lives; Probe hoag! Is Interesting in Review . . of Past Year . I®| _ The course of business during 1927 e was characterized by a slow start, a gradual rise to satisfactory levels during the spring, a seasonal recesâ€" | & Telephone H. P. 523 1 PRAIRIE AVENUE, HIGHWOOD, ILL. BANK GIVES OUT SURVEY _ CONDITI0ONS IN U. 8. and the first half of 1927 business was enabled to make a good showing as to earnings in spite of falling prices, because volume was still holdâ€" ing up and unit costs of production could be kept down. With a slackâ€" cning in the rate of output such as oceurred later in the year the effeet cn earnings . quickly became proâ€" nounced. Naturally any decline in carnings is a source of disappointâ€" ment, but business men of experience will not be discouraged by. the year‘s showing. Total corporation profits will not be as good as in 1926, but most corporations have earned their dividends by a substantial margin, ar.d in general the cash position of industry is unusually strong." "The most unsatisfactory feature of business in 1927 has been the deâ€" cline shown in business profits," the review says. "This is the result both of the further decline in prices ard of the decrease in volume in many important lines. During 1926 some lines. Among the reasons for :nticipat-! ing better business in 1928 are favorâ€" wbie money conditions, low inventom[ ies and the likelihood of adv-ncing} prices together with the fact that | industry is ridding itself rapidly of| hizh capital charges as lowering of long term interest rates makes posâ€" sible the refunding of high coupon ubligations at lower levels. The United State gained {about $56,000,000 of gold in the first half cf last year and lost something like £200,000,000 in the second half by excess of exports, making a net loss for the year of $151,000,000. The review finds explanation of the fact that numerous countries are able to tuke gold from us in the unpreceâ€" Gented volume of foreign borrowâ€" ing here, this being the cheapest money market of large capacity in the world. months, according to the monthly reâ€" view of The National City Bank of New York, which points out that the year closes with evidence of considerâ€" able slack in the industrial situation. Production and trade have been large despite the recent decreases in â€"rom new loans wili decline of course whenever the volume of new loans declines. The investment of forâ€" eigners in this country if sold for the purpose of taking the capital home would create debits acainst us For many years I have been obtaining views of unexpected beauty for people who are particular. necessary for a cunning artificer to aid the old dame. Convenient Monthly Terms if Desired Hundreds of Users on the North Shore Prove that the Victor Needs no Introduction in this Community often occur in nature â€" but too often on private estates it is 6â€"Bank $75.00, 8â€"Bank $100.00 We Sell the Victor Might I consult you? the Lowest Priced Good Adding Machine in the World UDELL PRINTING COMPANY HIGHLAND PARK PRESS, Agents Magnificent Vistas _ â€"SeRnAustsue .\ Landscape Gardening | _ The administration does not relish | being controlled by the coalition in | the house of representatives which | sent a tax bill to the Senate with a It would be unfortunate, says the review, if the resources of the R= | serve banks were thought to be unâ€" | I‘mited. They have the situation in their hands, but they can maintain ’mntrol only by holding the balance i(»f power between economic forces. For them to increase the volume of 1banl( credit and bank liabilities while | their _ resources â€" are â€" diminishing } through gold exports would be burnâ€" ; ing the candle at both ends. foreign loans placed in this market. and a desire to take profits might. induce such action at this time. On have been freely buying from us the banks and foreign investments in the to reduction or withdrawal, and the of forcign furds eâ€"aployed or m in New York is farger than beforeâ€"the war, but the position of New York in world finance is difâ€" ferent. Aithough it is quite possible that these funds may be reduced in amount, it is improbable ‘bat such clanges will be of a sudden or disâ€" tors in the balance of international payments are not subject to sudden changes. Indeed, there is reason for thinking that the time for abrupt changes in trade and exchange relaâ€" tions has gone by. All Europe apâ€" pears to be firmly established in perâ€" manent relations on the gold basis." The administration leaders insist that after March 15 it will be posâ€" sible to show. by figures the condiâ€" tions of the Treasury‘s fimances. and determine just how far tax reducâ€" tion should go. There is a Titan struggle among the Republicans and Democrats, _ and _ Senator Smoot says "he‘s got the votes," and he does not propose to let the Demoâ€" crats dictate this important legisiaâ€" tion. Hardly, with 1928 a presidenâ€" tial clection year. turbing character. The other facâ€" The bank discusses at length the domestic credit situakion, pointing to the large expansion of loans over the past year and particularly to the fact that this increase has been almost wholly in financing the purâ€" chase of stocks and bonds. It emâ€" phasizes the fact that a constantly increasing supply of bank credit has been the most important factor in the stock and security markets, and counds a warning that the supply of bank credit cannot go on inâ€" creasing unless gold is added to the n.onetary stock of the Reserve banks issue reserve credit in excess of gold exports. The sixteenwho are awaiting cxeâ€" cution in New York were evidently careless in failing to provide themâ€" selves with an insane ancestor.â€"Inâ€" diapanolis Star. Administration May Be Forced to Wait Until After New MAY HOLD UP TAX REDUCTION BILL One Policy â€" One System _ â€"â€" Universal Service ILLINOIS BELL TELEPHONE COMPANY PHONE 2700 BELL SYSTEM You perceive some of the creamy, pure Bowman‘s Milk purl from its l;ottle into your $lass. But wait! Wait until your thirsty tongue catches the reâ€" delicious flavor. Man! that‘s a real drink! â€"MILK DAIRY COMPANY Fa CHICAGO ar« SUBURBS l'fi‘: od. coolness and Â¥a 4*