AMERICAN AFFAIRS

Otago Daily Times, Issue 18752, 4 January 1923, Page 5

AMERICAN AFFAIRS

FAILURES IN 1922. LARGEST IN COUNTRY’S HISTORY. Press Association—By Telegraph—Copyrignt NEW YORK, January 2. (Received Jan. 3, at 9.40 p.m.) Twenty-two thousand four hundred mercantile firms in the United States failed during 1922, this being the largest nhmber in any year of the country’s history. The liabilities amounted to 646.955,000 dollars, and the assets to slightly more than 56 per cent.—A. and N.Z. “Cable. ENEMY ALIEN PROPERTY. WASHINGTON, January 2. (Received Jan. 3, at 9.40 p.m.) The Enemy Alien Property Custodian strongly urged, and President Harding has approved, that legislation be introduced in Congress to return 44,362,000 dollars worth of enemy nroperty seized during the war.—A. and N.Z. Cable.

UNITED STATES CABINET.

DIR FALL'S RESIGNATION. NEW YORK. January 2. (Received Jan. 3, at 10.30 p.m.) The Secretary of the Interior (Mr A. B. Fall) has resigned from the Cabinet. —A. and N.Z. Cable. SENSATIONAL ROBBERY. BIG HAUL OF JEWELLERY. NEW YORK. January 2. (Received Jan. 3, at 10.30 p.m.) The police have just revealed details of an extraordinary robbery which occurred on New Year”s Eve in this city of extraordinary crimes. Mrs Hugo Schoelkpf, the wife of a millionaire, was attending a party in the flat of a socially prominent New Yorker. She walked downstairs when leaving in the early morning to reach her waiting motor, but on reaching the floor below her friend’s flat three men seized, chloroformed, and dragged her into another vacant flat, where they bound her and took from her 20,000 dollars’ worth of jewels, a pearl necklace and diamond bracelets, and rings.—A. and N.Z. Cable

RACE RIOTS. NEGROES’ HOMES BURNED. NEW YORK, January 2. (Received Jan. 5. at 10.30 p.m.) At Sapulpa (Oklahoma!, following a fight between negroes and policemen, in which one officer was killed and three wounded, riots ensued, ma.nv negro homes being burned by the whites. The police were compelled’ to demarcate the negro quarters, an armed rmard marching along the dividing line. The negroes are not permitted to cross into the white territory or the whites into the negro quarters.—A. and N.Z. Cable.