Current Events 
U. S. A. 
Intervention by the Government in the coal and railroad strikes is 
taken to mean that whatever settlement may finally be effected the 
administration looks further ahead with the view of preventing similar 
unfortunate occurrences to the business world. President Harding’s 
stand leads to the belief that Government interference is something to 
be employed only as a final remedy when all other agencies for indus¬ 
trial peace have been exhausted. €| Little less than a sensation was 
created when, at the instance of the President, demand was made by 
the Custodian of Alien Property for the return to the Government of 
all the German patents sold by former Custodian Francis P. Garvan 
to the Chemical Foundation, of which Mr. Garvan himself is president. 
The charge is made that these patents are worth many millions of 
dollars while only a nominal sum figured in the sales price. Counter 
charges are made that political differences are at the bottom of the 
whole affair. <J Having declined some time ago to accept a fortune of 
almost $1,000,000 to which he had fallen heir, Charles Garland turned 
the money over to a committee which is to administer the fund for the 
development of progressive ideas in America. The recipients of the 
money have incorporated as “The American Fund for Public Service.” 
The contention of Mr. Garland is that since he has not himself earned 
the money he is not entitled to its use. «r The failure of the brokerage 
firm of Allan A. Ryan for an amount at first reported to be 
$32,000,000, but later cut almost in half, showed that Mr. Ryan’s 
corner in Stutz motor stock and his subsequent retirement from 
membership in the New York Stock Exchange after this stock had 
been struck off the board were features responsible for the financial 
collapse of one of the most picturesque figures in the metropolis, 
fj The chief aim of Augustus Thomas, the noted playwright, ap¬ 
pointed executive chairman of the Producing Managers’ Association, 
is declared to be the establishment of harmonious relations between the 
various theatrical interests. In labor troubles and labor issues between 
actors and managers Mr. Thomas expects to take a direct part. 
rastic new regulations have been issued by Internal Revenue Com¬ 
missioner Blair covering the entrance of alcoholic beverages into the 
United States. Imports of wines and liquors are banned until supplies 
now in the country for non-beverage uses are insufficient to meet the 
demand. In approaching Great Britain to secure co-operation in the 
suppression of rum smuggling off the Atlantic coast the Government 
is following recognized international practice. CJ The famous Moscow 
Art Theatre ma}^ come to New York in the fall as a result of negotia¬ 
tions between Morris Gest and the Moscow organization. 
