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Mason City Globe Gazette Newspaper Archive: September 21, 1931 - Page 1

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Publication: Mason City Globe Gazette

Location: Mason City, Iowa

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   Mason City Globe-Gazette (Newspaper) - September 21, 1931, Mason City, Iowa                                GUMP URLON E R H1S MEM A ART OEPT OF IOWA iFS MO I N PS I A North Iowas DAILY PAPER Edited for the Home THE NEWSPAPER THAT MAKES ALL NORTH IOWANS NEIGHBOltS HOME EDITION VOL XXXVII FIVE CENTS A COPY ASSOCIATED PRESS LEASED WIRE SERVICE MASON CITY IOWA MONDAY SEPTEMBER 21 1931 THIS PAPER CONSISTS OP TWO ONE No 265 Revolt May Be on Now Rail Organ Editor Cites Long and Murray By CHAULES I STEWART ASHINGTGN Sept 21 CPA5 Im afraid of said ex Congressman Edward editor of La bor the railroad brotherhoods of ficial publicatinu is that were having a revolu tion right now add dont know it It we are and knew it it might be p o s s i I I e to give it direction If we are and not knowing it continue to let it drift who can guess what direction it may take French revolution reflected 1 the former Colorado represen tative undoubtedly was well ad vanced before it was at all gener ally recognized by the very folk in the actual midst of it that a revolu tion was going on Its easy to imagine a group of them gathered around Louis XVI discussing the situation Here and there there probably was someone like LaFayette mighty uneasy full of This troubles basic A lot of con cessions have got to be made or Turn tn Pace l Column l LEGION ASKED TO BACK ECONOMY Markets of World Move to Protect Finances SHOUSE FAVORS WINES AND BEER National Chairman Proposes Party Platform for Democrats WASHINGTON Sept21 democratic platform declaring for light wines and beer and a prohibi tion referendum is favored by Touett Shouse chairman of the partys national executive commit tee Other legislation which he would have democrats advocate in the coming session of congress includes abolition of the farm board tariff revisions reenactment of the Wag ner bill to establish employment of fices nationally the fiveday week for federal employes and opposition to the use of the injunction in labor disputes Published Iy Club Shouscs views which he described as entirely personal were publisher by the Womans National Demo cratic club in the democratic bulle tin The bulletin has also asked other party leaders to submit their platform ideas Shouse said the party should pledge itself for a prohibition rel crcndum by offering a substitute for the eighteenth amendment Con gress first would have to the substitute Shouse held however in voting on it the members need not voice personal indorsement but could merely state a willingness to offer the people the chance to pass judgment in the knowledge that un less and until ratified by threequar ters of the states the substitute can not be effective Urges Amendment He urged immediate amendment of the Volstead act to legalize light wines and beer contending the beer tax alone would yield immense rev enue and employment would be pro vided for several hundred thousand idle men The democratic leader criticized the Hoover administration and con demned national isolation as a for eign policy On the intergovern mental debt moratorium he said President Hoover waited until tin last minute of the last hour of Lhe last day NEW YORK SHORT SELLING PRICES HOLD UP Close Irregular After Session of Sweeping Fluctuations By The Associated Press TRACED with Great Britains tempo r rary suspension of the gold stan dard world financial circles moved swiftly to protect the international financial structure Stock exchanges in London Ber lin Brussels Vienna Oslo Stock holm Amsterdam Johannesburg Bombay and Calcutta were closed The Montreal exchange decided to open on a restricted basis The Bourse in Paris temaincd open but the official exchange mar ket was closed and no official cur rency quotations were made Prohibit Selling The New York stock exchange also opened as usual but the gov erning board issued a notice prohib iting short selling The board of governors of the Chicago stock ex change decided to keep the exchange open as usual While Great Britains drastic step in suspending the gold redemption act of 1925 to halt aalrming with drawals of gold came with dramatic suddenness confidence was ex pressed in numerous quarters that Britain would weather the financial storm successfully Morgan Interviewed J P Morgan in reply to questions by the Associated Press in London expressed optimism regarding the situation and declared that Great Britains action was a hopeful and not a discouraging event Other noted financial figures abroad expressed similar views In Washington no adverse reac tion of major importance was ex pected and confidence was expressed by treasury officials that England would extricate herself quickly from the confusion Copper Goes Up on commodity exchanges in London increased and on the metal exchange copper rose more than 2 Ibs a ton Tin was nearly 6 Ibs a ton higher while at Liverpool cot ton advanced almost a half penny a pound to just over four pence At Geneva the assemblys eco nomic committee voiced its sym pathy for that country and its most profound confidence that British determination would soon overcome the present difficulties Sir Arthur Salter British spokes man reported to the committee the steps taken by his government in the financial crisis and declared that Britain will continue to honor all obligations Britain Acts to Keep Gold From Going Country Faces Most Critical Condition Since War LONDON Sept 21 doning the gold standard raising the Bank of England discount rate to 6 per cent and closing all stock exchanges Great Britain wrestled today with the most critical finan cial situation since the World war Brot back from his country home at Chequers by the prince of Wales Prime Minister MacDonald hastily convened a cabinet meeting last night and it was decided that the gold redemption act of 1925 should be suspended to halt alarming with drawals ogold by foreign inves tors Parliament is expected to pass the enabling legislation tonight af ter whichit will go to King George Scotland for his approval Bank Kate Raised The bonk rate was raised from per cent a figure which was NOT DISCOURAGING CLOSE IRREGULAR AUNT NET By Robert Quillen One o my girls wanted to be a stenographer but I told her it didnt have no fu ture By the time a man can afford a stenographer hes generally got a wife NEW YORK Sept 21 Stocks closed irregular today after a session of sweeping fluctuations Heavy short covering followed a sharp break during the first hour but the market reacted in the later trading cancelling the gains in many instancesRails finished high er altho considerably below their best prices Bonds were weak altho British government rallied Sterling exchange quoted nominally went as low as but tha rate itn ntmt tn Iasr 4 Column WHAT THE GOLD STANDARD IS By THE ASSOCIATED PRESS The gold standard of exchange is normally in use by virtually every civilized nation of the world It is predicated on the fact that paper money of a coun bank of issue is redeem able in gold on demand The suspension of gold pay ments in Great Britain meana that the Bank of England is not bound now under an act of par liament of 1925 to buy gold bul lion of stipulated standards for three pounds 17 shillings pence per troy ounce The act of parliament in effect resulted in the British pound sterling being equivalent normally to S4S69J In the British foreign ex change market recently with the pound sterling available be low its gold parity in relation to other currencies it has been profitable for banks to acquire sterling pounds in the market convert them into gold at parity and then convert the gold into other currencies by exporting the gold The pound sterling was pegged in New York during the war at It reached this artificial height by means of securities sale of dollars held by British citizens In 1919 it was decided to re move the support and the ster ling dropped until finally in 1919 it hit a new low of The gold standard has been adopted by most every country since the war TENSION GROWS IN MANCHURIA STATION RAZED China Formally Appeals to League of Nations to Intervene J riEKPONT MORGAN set in July It has not been up to G per cent since Oct 31 1929 Pending action by parliament it was decided to close the London ex change and those thruout the coun try to hold the market stable dur ing the transition It was empha sized that banks would be open as Turn tr 4 Column 65 Deputies to Guard Cedar County Testers TIPTON Sept 21 state prepared to test cattle in Cedar count today under the protection of a force of 65 sheriffs deputies re cruited from this and adjoining counties Moyle and Allen Land at Nome From Siberia California Flyers MORGAN GALLS MOVE HOPEFUL Banker in One of His Rare Interviews Expresses Optimism By DEWITT MACKENZIE IIKII liy Hit Ajhoriiilril IrcMsl LONDON Sept 21 P Morgan today expressed to the As sociated Press optimism regarding the situation arising from Great Britains sensational suspension of the gold standard He said it was a hopeful and not a discouraging event Mr Morganmade this statement in reply to a question from a cor respondent who sought him in his private office not far from the Bank cf England This step seems to me to be the second necessary stage in the work of the national government the first being the balancing of the budget Mr Morgan said Will Restore Trade The completion of the govern ments work will be the restoration of trade in thia country This being the case Mr Mor gan continued it seems to me a hopeful ancl not a discouraging event and one which brings the great work of the government much nearer to In receiving the Associated Press correspondent Mr Morgan broke an almost ironclad rule never to grant newspaper interviews His father observed the same rule be fore him But once the distinguished bank er decided to talk no one could have been more cordial He dis cussed the situation for almost on hour and while it is not permitted to quote him any further than above it may bo said that in the entire discussion he did not express any pessimism Adds Fine Tribute And he added a word of fine tribute for the character and stability of the English people Several other financiers expressed similar opinions Without exception they held the view that the govern ments latest step is In the right direction and that Britain will weather her crisis There was no disposition to try to evade the fact that the situation is very serious Indeed one of the most hopeful signs these financial experts find is that England does recognize the situation is serious and Is attack ing her problem from the stand point Everywhere one encountered a spirit of optimism BULLETIN 1EIPING China Sept 31 Chinese official radio dis patch from Kirln Manchurin said tiuit cltv was occupied hy Japanese touny TOKIO Sept 21 be 1 twecn the governments of China and Japan increased today with the movement of Japanese troops to combat rioting reported in press dispatches to have broken out at Chientao Manchuria and to strengthen the garrison at Muk den A Rengo news agency dispatch from Dairen said one mixed bri gade of Japanese troops in Korea which had been concentrating at Shingshu on the KoreanMachur ian border had started for Muk den this morning Buildings Burned Other dispatches said Japanese troops started from Ranan Korea following riots in which Chinese threw bombs and burned the Chentao railway station police sta tion several schools and govern ment buildings The situation described as tense in messages to the Tokio war of fice was one of the subjects of an extraordinary session of the Japa nese cabinet The Korean and Japanese populace of Chientao was assorted to be endangered Railway Destroyed Altho Rengo news agency dis patches said the southern section of the Chinese eastern railway be tween Kwanchengtse and Ichicnpu had been destroyed by Chinese sol diers there were no reports of ac tual conflict between the military of Japan and China Japan was expected Lo reply to day to Chinese notes of protest over occupation by Japanese troopj of Manchurian territory demand ing immediate evacuation of all ter ritory now occupied and restoration of conditions as they were before Fridays clashes A spokesman for the Japanese foreign office said Japans unswer will contain a protest against whiu the government considers a deliber ate attempt of Chinese regulars to destroy property of the South Mall churian railway 05 Soldiers Demi The fighting at Peitaying Kwan chengtse nnd Nanhng Friday wa reported to have cost the lives of 60 Japanese soldiers Chinese casu alties could not be determined bu were said to have been consider Indiana Kentucky Ohio Rocked by Earthquake Shocks Most Intense at Anna Little Ohio Town CHICAGO Sept 21 The surface of Use globe in districts of Ohio Indiana and Kentucky had mdergonc an imperceptible change oday as a result of earth shocks vhich frightened residents In many ocalities and caused considerable damage in Anna a small town near Sidney Ohio The tremors were felt late yester day They were most noticeable at lincinnati Springfield and Lima Ohio at Indianapolis Connersville Anderson Liberty and Richmond Indiana and in some localities Northern Kentucky The tremors lasted about 3D sec onds The disturbance geologists of the Chicago weather bureau said were caused by the slipping of strata under the earths surface These geological readjustments oc cur sporadically in the middlewest but no serious damage has resulted during tho past 100 years The quake reached its greatest in Lensity at the village of Anna in Western Ohio The community oE 500 persons was without a whole chimney today and every house and building was damaged to somo ex tent At Anderson Ind pictures were shaken off walls Newspaper offices and police headquarters suffered the most as thousands of excited citizens tele phoned in to learn what was hap pening Hundreds ran into the streets in localities where shock were most severe Deep rumbling accompanied the tremors RIGA MUST FLYERS LOSf RESCUED AT SEA HALIFAX N S Sept 21 Ml three flyers recently lost on a light from Portugal lo New York vere found today the Norwegian motorsbip Bel moira boupci for Russia from Al bany N Y reported this morning Binding the wreckage of the plane n which Willy Rociy Fernando da 2osta Viega and Christian Jolianns sen left Lisbon for New York The motorship sighted the wreckage off the Newfoundland coast near where it was last seen in the air by steamer Later another message came from the Bclmoiia reporting two of the flyers had been taken from the wreckage Still a third messnge brot word that all three were saved to Return to U S Soil Again NOME Alaska Sept 21 Don Moyle and Cecil A Allen Cali fornia flyers who failed in an at tempt to make a nonstop flight from Japan lo America and were missing for seevral days in the north Pacific arrived here last night after a flight of about 600 miles from Miano Pllgino Siberia The aviators arrived at p m p m C S T having left the Siberian coast at a m Monday Siberian time the differ ence being accounted for in their crossing of the international date line Moyle and Allen said they had been unable to obtain aviation gasoline in Siberia and asserted they had used Diesel engine fuel to fly across the Bering sea to Nome They said they burned a hole in the exhaust pipe of their plane but that otherwise it was in good condi tion The flyers said they would re main here today to work on their plane and attend receptions We are pretty glad to return to American soil again said Moyle as he climbed out or the plane We are feeling fine altho we had a close call with freezing weather Moyle said they flew into several snowstorms while crossing the Ber ing sea Bad weather he said forced them to go far up the Siber ian const line before making the crossing able Chang HsuehLiang military governor of Manchuria from a hos pital room at Picping asserted tha he had ordered his troops to make no resistance against the Japancsi and that there waa no organized retaliation by Chinese forces He asserted China will refuse to toe drawn into armed conflict witn Japan POLICE GET TWO CAPONE GUNMEN Notorious Pair Captured as They Blaze Away at Intended Victim CHICAGO Sept 21 no torious Capone gunmen were cap tured by policemen thia afternoon shortly after they had blazed away with automatic pistols at an intend ed victim as he rode from Michigan boulevard into the outer Lake Shore drive Monroe street just north of the Art institute The gangsters were Sara Hunt long known as a gunner for tho Al Capone gang and James Forsythe alias Fawcett They were armed when park police chased them on foot and arrested them ASKS INTERVENTION GENEVA Sept 21 formally appealed today for league of nations intervention in the Man Turn to 4 Column I MILES HARTY IS TAKEN AT AMES Former Mason City Resident Arrested After Chase by Police AMES Sept 21 Harty 31 Sioux Falls S Dak was arrested here Sunday by loca police after a running auto chase He was said to have had an auto matic pistol a shotgun brass knuckles and hack saw blades in his possession Authorities here said he admitted robbing a Siou Falls grocery store and stealing the car he drove in Sioux Falls Harty who told Ames police was a former resident of Mason City had been arrested here twici for intoxication local police rec ords show The last time he was ar rested here was in December 1028 NELLIE HOWARD DIES OF POISON Succumbs While on Way to Hospital Domestic Troubles Cause Mrs Nellie Howard 34 a rcsidcn f 724 Pennsylvania avenue KonUi east died in an ambulance Monday morning on the way to a hospitul Dr J E McDonald county coroner vho was called stated it was a cane of suicide the woman having taken poison Dr McDonald stated that no in quest was necessary for the reason hat a communication addressed to hc womans husband R J Howard and three children stated she in ended to commit suicide in order to be released from domestic troubles and ill health Mrs Howard was found in a ser ous condition at an early horn Monday morning at n local hotel where she had apparently gone when she left her home Friday Physicians were called but the poi son had gone too far for antidotes to be effective Saturday an action was filed by her in the district court asking sep arate maintenance and the custody of their two adopted children A son of Mrs Howard by former mar riage also made his home with the family In this action Mrs Howard al leged cruelty and asked 550 a month alimony Judge Joseph J Glark signed an attachment against the property of Mr Howard for The husband did not know of the filing of this action until Monday Ho saw his wife on the street Sun day and took her for an automobile ride he said She was determined to stay away fronj home so he left her later in the flay he said Mr and Mrs Howard were married at Austin Minn in 1913 als on Veterans Enlist in Peace Time Fight to HERBERT HOOVER IOWANS ARBIV IN WASHINGTON Turner Committee to See Leaders on Plan to Boost Corn WASHINGTON Sept 21 Tl Government financing hold corn on farms until tinpric i caches 60 cents a bURbel wa sought in Washington today by Dan Turner and a committee o Iowa farmers bankers and repre sentatives of farm organizations The plan advanced by Turner and contemplating organization of farmers in every county of the corn belt states into a closely knit unit to make it effective was discussed with Secretary Hyde this mornirfr Later the delegation conferred with Paul Bestor commissioner of Uie farm loan board Support of the farm board waa to be sought this afternoon in a con ference with Chairman Stone which Secretary Hyde also planned to at ttnJ Governor Turner said ho hoped the discussions would develop a dei nito plan for governmental finan cial aid The prime consideration ic added was a low rate of inter est The delegation plans to see Pros dent Hoover and Eugene Meyer jnvernor of the federal reserve board tomorrow ARENA DETROIT Sept 21 Hoover oday called upon the American Le gion to enlist in a pencetime fight for govern m e n t economy designed to lead the world out of the slough of de pression Solemnly warn ing the annual convention of tho legionnaires against the grave risks of increasing fed eral expend turcs cither thru further veterans or other legisla tion the president likened the world economic crisis second only to war and expressed confidence that by united action we will lead the world in recovery Fliers Largo Deficit The president pointed out tho treasury was facud with another large deficit that income taxes had declined r0 per cent since the period of prosperity and that the nation was carrying at the same time n high and necessary extra burden of publicworks in aid to tho un employed of aids to agriculture and of Increased benefits to veteran He saidho was directing the1 most drastic economy in every nonvital branch ot the govern ment yet the essential services must be maintained including pro vision for disabled soldiers agricul ture and unemployed He warned that taxingonly tha rich would not wipe out the federal deficit Must FIICB Fuel We must face the absolute fact he said that the rich can be taxed to the point of diminishing Markets at a Glance NEW YORK Stocks Irregular leaders rally buoyantly after new lows Bonds Weak foreigns lead de cline Curb Weak covering reduces losses Butter Steady ForeignExchanges Weak mar ket demoralized Cotton Lower British situation southern selling Sugar Easy European selling CHICAGO Wheat Steady at decline strength at Winnipeg rally in stocks Corn Steady at decline bullish Iowa advices decreased visible sup ply Cattle Irregular hogs higher 12 DEAD 40 HOOT TEXT ON PAGE 8 Complete evt of President HoovcrM address to tho Amer ican Legion ill ils Detroit nn convention will hi1 found on 8 Japan Has Its Most Severe Earthquake Since One of 1924 TOKIO Sept 21 Japans most severe earthquake since 1021 shook Tokio and adjacent regions today Incomplete reports showed 12 deaths 10 seriously Injured and con siderable property damage The quake occurred at n m p m Sunday C S Tele phone and telegraph lines in Gum ma and Saitama prefectures where the shocks were the worst were torn down First reports agreed that many houson collapsed causing the fatali ties Yokohama Kofu Fukushima Nagoya and various other cities on Hondo Island fcit the shocks Thousands of persons ran from their homes in Tokio and Yokohama where the great earthquake of 1023 did enormous damage and instilled in the populace an acute fear of carthshoclfs Department stores and other Ims incHs places which were thronged with morning shoppers witnessed scenes bordering upon panic Fis sures appeared in the pavement of many Tokio streets Slight aftershocks were felt in Tokio this afternoon again frighten ing the populace returns and still the deficit in our ordinary and nccejsnry expendi tures would not be covered even upon a basis of the utmost econ omy no mistake in these cir cumstances it is those who work in tho fields at the bench and desks who would be forced to carry an added burden for every cent of our expenditures Either loans or taxes beyond tha very minimum necessities of gov ernment he added would drain tho resources of indusliy and com merce and in turn increase unem ployment CUM Defeat Hopes Such action he said can easily defeat our hopes our plans and our best efforts for tho re covery of our country and KO in definitely delay tho return of pros perity and employment Wo can carry our present ex penditures without jeopardy to na tional stability Wo can carry no morn without gravo risks Mr Hoover accepted with tho thanks of the nation tho Legions offer tf coopcrata in relief this winter but said therewas need of an even greater service That is tho determined opposi tion by you to additional demands Turn It IIKC I Crllimn i Oskiilnosiv Prrfihytcrluns Merc0 DBS MOINES Sept 21 State leaders of the United Presby terian and Presbyterian churches in Iowa announced Sunday the merger of the two congregations at Onka loosa making the second such amalgamation in the state this year Sfie IOWA WEATHER Showers probjihlo Monday ami Tursduy Homcwhat motor Monthly night Mudi coolrr Tucsihty LOCAL STATISTICS GIoocGazctle weather figures for 24 hour period ending at S oclock Monday morning Maximum Sunday Minimum in Night At 8 A M Monday OS Rainfall lfi Inch Figures for 21 hour period end ing at 8 oclock Sunday morning i Maximum Saturday Tfi Minimum in Night 5 Hainfall 37 Inch f   

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