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Mason City Globe Gazette Newspaper Archive: March 15, 1933 - Page 1

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Publication: Mason City Globe Gazette

Location: Mason City, Iowa

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   Mason City Globe-Gazette (Newspaper) - March 15, 1933, Mason City, Iowa                                North Iowas Edited for the Home HOME EDITION THE NEWSPAPER THAT MAKES ALL NORTH IOWANS NEIGHBORS VOL XXXIX FIVE CENTS A COPT ASSOCIATED PHESS LEASED W1HE SERVICE MASON CITY IOWA WEDNESDAY MARCH 15 1933 THIS PAIEH CONSISTS OF TWO SECTIONS SKCT1ON ONK NO 138 STOCKS OPEN IN SPECTACULAR RALLY SENATE SWEEPS ON WITH DEBATE OFECONOMYACT Leaders in Determined Effort to Speed Bill to President WASHINGTON March 15 With leaders hopeful of an early vots the senate swept ahead with rebate on the economy measure to day in a determined effort to place quickly in the presidents hands the power to cut governmental ex penses The debate brought to the fore few arguments that had not been made before and was interrupted at one point by an exchange on the banking situation Not to Blame Alone One of the of that congress was Incapable of reducing expenses and said the responsibility for the in creased cost of government rested just as much with the executive and the executive departments as it did with congress There were indications as the de bate swept on that a vote would be had before nightfall Adopt Amendment The senate today adopted an amendment to the economy bill to prevent removal from the pension rolls of SpanishAmerican war vet erans over 62 years of age but al lowing the president to change the rates House leaders indicated that un less the president disagreed with some of the senate amendments they might be accepted without a Conference between the two Roosevelt Farm Aid Plan Omits Price Fixing Will Rogers SANTA MONICA Cal March dont know what addi tional authority Roosevelt may ask but give it to him even if its to drown all the boy babies For the way the grown up ones have acted he will be perfectly justified in drowning any new ones So viva Roosevelt and banzai everything It just shows you what a country can do when you take their affairs out of the hands of congress Yours WILL Copyright 1933 McNaught Syndicate rji OCK OPENING OF PARLIAMENT State Police Raid Austrian Capitol Building Prevent Rebel Session VIENNA Malrch 15 police raided the Austrian parlia ment this afternoon and forcibly in terrupted an attempt by the politi cal opposition to hold a rump ses sion iu defiance of Chancellor Doll fuss ond President Miklas Parliament was dissolved more than a week ago when Its three rankiig officers resigned following a dispute over wages paid by the state railways The chancellor there upon assumed dictatorial powers but opposition leaders announced this morning parliament would meet this fternoon Police were stationed in the meet ing hill several of them on the dais to block the speakers chair but a small group of the opposition ap peared quickly declared themselves met and adjourned before they could be driven out When tlie hall was finally cleared the police remained in possession March Tornado Kills 34 Hurts More Than 200 Twister Sweeps Down Upon Nashville Tennessee and Then East NASHVILLE Tenn March 15 tornado which laahed the TennesseeKentucky border last night left a toll of 34 known dead and more than 200 Injured in the wreckage of homes which marked its path from the Mississippi to the Cumberland mountains Striking on the Arkansas and Missouri side of the Mississippi early in the night the twister swept down on Nashville and then on to the eust spending Its fury in a final bursr of destruction near Kingsport and Rogersville Tenn Tborugh Lebanon Harrogate anc Jellico the storm passed and wrecked numerous smaller towns and villages as it went Deiith List Grows The list of dead grew slowly rescue workers dug in the wreck age of homes and reports trickier in from rural communities as com munication lines were reestablished Nashville had at least 10 dead Pruden 7 Lebanon 4 Kingsport 6 Bellwood 1 Harrogate 2 Rogers ville 2 Oswego 1 and Millpoint 1 Nashville a city of more than 150000 and the Tennessee capital felt the full force of the storm as the driving winds dipped over a fringe of hills and cut across the eastern portion of the community bowling over houses damaging buildings uprooting trees and lit tering the streets with debris Lights Snapped Out Lights over the city were snapped out as power lines fell Ambulances drove through uncertain streets to take some 100 or more injured to hospitals where physicians had to work for a time with improvised il lumination Scores of buildings in east Nash villa were leveled and the nationa 6 Girls Lose Lives in Match Factory Blaze HULL Que March 15 girls burned to death in a fire following an explosion at the Can ada match factory here today Sev eral others the estimate ranging from three to eight were missing while 15 were injured AUNT NET By Robert Quillen Old man Jim keeps talk in about dyin so hia family wont get tired o waitin for the property art leave was called out to preserve Rescue workers with flash guard order lights picked their way over trees and through debris in the hunt for the dead and injured Two Negro churches and a school were wreck ed Fires added to the confusion Ueport Heavy Damage First reports of storm damag came from northeast Arkansas am southeast Missouri Heavy damage wns 2eported at Caruthersville Then the storm headed eastwari and whipped into middle Tennesse and on across the state The littl town of Pruden In the coal min country reported eight dead I Kingsport east Tennessee Indus trial center six were killed an Jellico suffered heavy damage Holton Antras Eagan Clairfield Valley Creek Fonds Ncwcomb Wooldridge and Proctor all in th upper Tennessee country were hil Damage at Jellico was estimate at more than 5100000 and in th Clear Fork valley above 5500000 The storm winds also reache into the Blue Grass country an to 2 Column 11 PRESIDENT WILL SEND CONGRESS TWO MESSAGES die Relief Program to Put Jobless at Work Reforesting WASHINGTON March 10 he farm and unemploymentrelief phases of the Roosevelt program lad the president and his subordin ates working double time all day oday in an effort to whip legisla ion into shape for advocacy to con gress in a special message tomor At the white house it became that unofficial conversations re underway with foreign wheat producing countries to restrict rain production to within con sumption limits and thereby lift rices In General Terms The administrations pian for lelping the farmer was made mown only in the most general ermg details still being worked on y President Roosevelt and Secre tary Wallace with the help of a corps of legislative draftingclerks In essence it will be a one year experimental proposition based to an extent on the government leas ng marginal lands to get them out of production the costs to be paid processing taxes As to cotton elements of the Smith bill setting up a cotton pool will be included It does not attempt price The employment plan looks to lousing large numbers of jobless at centers where they can be put to work on such projects as reforesta tion Will Finish Job With all this important legisla tion on the way to the capitol it was decided that congress should stay in session at least until the farm and unemployment relief plans are passed on as well as the pending beer and economy mea sures Speaker Rainey announced the plan today Prances Perkins secretary of la bor was marshalling data for re lief legislation She told inquirers no definite figures for the general bill were ready Though the unemployment pro gram remained to be completed in senate quarters it was understood a general plan had been outlined in Miss Perkins conferences in volving a total outlay 000000 This is still to be submit ted to the president Billion for Ixmns In addition to his re forestation program the tentative plan includes 51000000000 for loans through the Reconstruction Corporation for public construction which is deem ed needful and in the public inter est 5500000000 for federal public works 1500000000 for relief advances to the states It was believed the president would not submit the entire pro gram in his message tomorrow but only his reforestation plan and pos sibly the direct relief proposal leav ing the others for further study Senate Body Reports for Beer Passage Changes House Bill to Legalize Wine and Fruit Juices WASHINGTON March 15 The house beer bill neared final congressional approval today with a favorable report from the senate finance committee The only change made in the house bill was an amendment to legalize wine and fruit juices of 32 per cent alcoholic content which is the same limitation as will apply to beer Heeding President Roosevelts re quest for swift action on the beer legislation the committee approved the bill without a record vote after less than an hours consideration in executive session Called Up lit Once Chairman Harrison said the beer measure would be called up in the senate immediately after the pend ing economy bill which he predicted would be passed today This would permit the senate to begin debate tomorrow on the beer measure under a schedule which congressional leaders predicted would send the measure to the white house by the end of the week The measure would become effec tive 15 days after President Roose velts signature The bill was indorsed by the house yesterday 316 to 97 The measure is expected to raise 5125000000 to 5150000000 a year in t sixes Senate Consideration Soon would mean seuateconsid eration possibly late today or to morrow There was absent in senate plans on the beer bill this time the thing that pigeon holed a similar meas ure there in the last congress Lead ers expected to dispense with action oy the senate judiciary committee since its new chairman Scnatoi Ashurst D N Mex said bever ages containing32 per cent alcohol would be constitutional since they are not intoxicating Provisions are Listed In the last congress the senate judiciary committee took a similar bouse bill and amended it to such an extent that eveu democratic seniitors pledged to immediate mod ification of the Volstead act were not unduly anxious for its passage As referred to the finance com mittee just after tlie house passed it yesterday the new beer bil would levy a federal tax on eacl 31 gallon barrel forbid transporta tion of the new liquors into dry states leave regulatory measures up to the states permit advertising make no provision for wines 01 fruit juices become effective 15 days after being signed require brewers wholesalers and retailers to take out licenses costing 51000 and a year respectively Democrats Vote Vcs Iowas six democratic members voted for the bill They were Bier niann Eicher Gillette Jacobscn Wearin and Willford The republi cans JDoweli Gllchrist and Thurs ton voted no Minnesotas five voted for beer They were Arens Lundeen Shoemaker Johnson an Kvale The rest of the Minnesot delegation voted as follows Hoi dale democrat and Knutson repub lican for and Chase and Christian son republicans against SUCCEEDS WALSH Postpone Decision on California Quake Funds WASHINGTON March 15 The house appropriations subcom mittee considering the senate 000000 California earthquake relief fund today postponed a decision on the measure until tomorrow Di rector Douglas of the budget may be called before the committee testify Determined to See That Banks Operate Properly WASHINGTON March 15 Two grim and determined govern ment D Roose velt and William H preparing to see that the nations banks operate hereafter as they are supposed to Besides striving to put closed banks on a working basis they are driving at those they believed re sponsible for the banking difficul ties As Secretary Woodin remark ed standing on the white house steps We must bring them to justice I could bite the head off a ten pen ny nail thinking of the persons who put their life savings maybe S800 or in institutions that were not properly run Experts to Testify on How Long Garlic Lasts CHICAGO March 15 Abou 150 experts have been called to tes tify in court aa to their knowledge about garlic and at which point i any it loses its kick Frank Cim Ino Madera Cal garlic producer i suing the G H Hammond com pany for alleging garli stored in the companys warehous from November 1930 to the follow ing June was so improperly carec for that it lost its potency inv John E Krkkson above of Montana rcsiyiieil to become Uie sxiccusso to Uie lure lliim as 1 Walsh in tho United States senate Associated 1ress photo Delay Battle on Considering Tax Senate Use Ax on Expenses Advice of Jim Reed CEDAR RAPIDS March 15 T Roosevelt should use an ax rather than a knife when he starts cutting governmental ex penses former Senator James A Reed of Missouri said here He termed unnecessary the depart ments of commerce and labor and criticized the department of agri culture in House Passes Tax Reduction Committee Act Defeats Another BULLETIN MOINES March IS Hoy Slcvens of Ol today withdrew mo tion reconsideration of the vote by which tlio senate yes terday withhold six lax revis ion bills from the sifting com mittee Senator Mutt D Cooney of Diibuquc president pro tcin said bo would appoint the silt ing committee tomorrow DKS MOINES March 15 prospective battle over an effort t force consideration of tax rcvisior cgislition in Uie present session o the general assembly was dclayc today in the state senate It was considered likely that th pending fight would occur when the scnnts takes up a motion by Semi tor Roy Stevens of Ottumwa to re consider its action of yesterday in leaving six tax revision bills on its calendar The senate yesterday adopted a resolution by Senator George Pat terson which saved these six bills from the sifting committee Sena tor Stevens motion would allow the senate to reconsider its stand Absence of Harmony Meinwhile it indicated that thorn was ome absence of harmony in tbe ranks of the senate democrats who NHUGE our Mile Column Goes Through Crowded Streets The biggest parade since the and the seventyfifth on liversary Thats what everyone said about he Newr Deal celebration Tues day night in which thousands of lerscns nnd hundreds of automobiles and trucks massed together in a pa that stretched four miles and ook nearly an hour to pass through he downtown district It was spon sored and organized in a few hours the Junior division of the Ma son City Chamber of Commerce Cheered on by three bands and two drum corps liie Hanging of fire vorks and clanging of various noise making devices the long column swept down Federal avenue where iiugc crowds braved n bitter north west wind to watch and shout ap plaus in the general celebration Celebrates Hank Opening High above the pnssing parade towered the great bulk of the First National bank building while across the st reet and part way down the block the glittering white facade of the Northwest Savings bank re flected the glare of the torchlights which flared in the hands of the marchers and decorated the passing floats The parade was principally in celebration of tbe opening of those two institutions without restrictions Tuesday Headed by a policeman in an open automobile followed by most of the equipment in tlie fire department with sirens wailing the column formed on North Federal avenue and progressed southward After the fire equipment came tlie Legion Banks Show Large Gains in Deposits Currency Continues to Flow Back to Institutions Heavy deposits continued to flow into the two Mason City banks Wednesday continuing the trend that was so pronounced Tuesday the first opening day since the banking holiday The First National bnnk includ ed among the national banking in stitutions of four cities given a clean bill of health Tuesday out of approximately 150 national banks in the state took in a quarter mil lion dollars in deposits outside of checks on out of town banks which could not be listed as additional cash until all banks were opened so the instruments could be cleared If these checks are included the to tal deposits of the First National hank exceeded a half million dol lars Shows GHIII The Northwest Savings bank had an SSOOOO gain in deposits Tues day most of this being in currency This bank which customarily oper ates two cages had to add another Tuesday to handle the business Actual cnsh on hand lose to a marked degree in both hanking in stitutions Gold and gold certifi cates continued to be brought into the banks in response to the urgent appeal and threat of penalty from in a caucus agreed to reduction ahead of tax yesterday place tax revision A group of eight democratic sena tors conferred with Gov Clyde Her ring and it was understood some ob jection wis voiced to yesterdays caucus action Senator Matt D Cooney of Du buquej president pro tern who pre sided over the senate in the absence of Lt Gov N G Kraschel ruled to day that as a sifting committee had not been appointed the senate should continue work on its calen dar Should the tax revision bills be left on the calendar the pending battle probably will occur when theso arc taken up Clmrge Tux Method Legislative approval was placed on A bill changing the method of taxation which it was estimated would save a year in print ing costs and extra help The senate by a vote of 48 to 1 added its approval to the bill bouse file No 1 which already had been passed by the lower branch Senator George Wilson of Polk cast the only opposing vote The bill provides for the application of tax rates directly to the assessed value instead of to the taxable value Tbe present practice is to apply the tax rate to onefourth of the assessed value The senate also approved a con current resolution memorializing congress to pass the Frnzier bill for the refinancing of farm mortgages at a lower rate of interest Jlnsls of Equality Introduced by the senate ngricul tural committee it urges that agri culture be placed on a basis of Turn to 1 Trt 2 nlun drum corp A long column of Boy Scouts bearing the flag of the United States and various troop banners Girl Scouts the municipal band and various service clubs came next Latch came the Clear Lnke school hand the Mason City high school band and the Senegalese drum corp Seemingly Endless Procession Then in seemingly endless proces sion came the floats and fleets of Articles of business enter prises garages grocery storiS laundries electric companies taxis botULtigworks furniture companies lumber dealers produce houses a longcolumn of busc transfer com pany trucks bakeries and fleets of dairy delivery wagons To name all groups taking part in parade would be to list the directory of Mason City business for almost every firm in the city was repre sented The most impressive unit in this Gargantuan representation of re turning prosperity was tlie contin gent of Jacob E Decker and Sons company employes headed by lay Dcckrr president and other offi cers Most of the 1100 persons on tlie Decker payroll were in the line of march followed later in the column by Decker trucks An excellent showing also was inado liy Northwestern States Portland Cement company employes Turn to IHJJH i Column Cl the treasury department Bills Deposited Among tlie gold certificates turn ed in at the First National ban were some larger thim auy of th local bankers had seen before on being of four figure size On corner of this was gone appeal1 ingai if eaten off by mice No withdrawals of consequence were made at either bank Tuesday Under tlie ruling of the treasury department anyone making withdrawals from the banks miisi sign an affidavit statingfor what purpose the withdrawals are to bt made No such occasion came up Tuesday LEADING SHARES UP TO AS TRADE RESUMES Rush of Shorts to Cover Gives Market Boost in Afternoon NEW YORK March 15 W cores of leading shares ou the York slock exchange swept p to more than higher to ny ill u spectacular rally thru reeled resumption trading after lie hanking holiday A rush short covering espe ially aggressive in the afternoon ave the market one of its sharp st inllies in several years Traders who had been caught vith short positions over the period f thi suspension or since March 3 ound themselves tightly trapped nd prices bounded up swiftly when hese operators attempted to buy iack stocks they previously sold Steel Preferred Jumped United States Steel preferred limped 511 to Norfolk West rn Railway to J I Casi to Atchison Topeka Fe railway 50 to J14 Allied Chemical S8BO to American Telephone exdividend more than 7 to U S Steel common ibout SS50 to Union Pacific ifl50 to Other markets were also higher thong 1 some of the important com nodity exchanges including New York cotton and Chicago wheat hsiti not yet resumed business Bonds on the stock exchange rallied with some vigor while silver and sugar fxitures moved upward Wheat at Winnipeg closed with net gains of a cent or more a bushel Wet stocksBullish The turnover In stocks to p m was approximately 2300000 shares compiued with 1210000 at that time on March 3 Passage of the beer bill by tlio house afforded opportunity for bull ish display in the socalled wet stocks Ownes Illinois Glass for tified by news tlmt it had alrcndy received a large order for battles BANK TOLD HOLIDAY IS OVER PRESIDENT ASKS WHAT HOLIDAY FRANKFORT Ky March 35 small bank way back in on isolated community resumed nor mal operations today After the state banking department had no tified its elderly president by tele graph that it might reopen the banker rode horseback to the near est telephone to find out what was wrong It means all restrictions are lifted and you may resume normal operations he wns told Well my bank has been pay ing every the reply check presented was The banker explained he thought the proclamations of the governor and president were optional In formed that n 10 year term was the penalty for violating the pres idents decree he remarked T wont live that long The name of the community in which the bank is located was not divulged 42 MORE STATE BANKS RELEASED 88 Without Restrictions 83 National Banks Operate Normally DKS MOINES March 15 A Andrew superintendent of hank ing today released 42 more state banks from restrictions of the state banking law senate file 111 The list wns announced by An drew and D W Bates deputy sup erintendent in charge of hanks op erating under the emergency law Tlie releases brought to 88 the number of state banks thus far re leased Yesterday 16 institutions were permitted to resume opera tions without restriction Eighty tlirco national banks also have re sumed normal operations under au thority of federal reserve officials Strong dish Positions Andrew said that the banks re leased today showed strong cash positions and that only minor ad justments had been needed before clearing them from the provisions of the law He added that the work of ex amining other hanks wan going for ward as rapidly as possible and that as soon as they are found to have met the provisions for unrestricted opcriuion or when needed readjust ments or reorganizations are com pleted they will be released from the restrictions of the banking act Four More Hunks The federal reserve bank of Chi cago today announced a list of ad ditional banks authorized to open by the treasury department at Washington Thry included four more Iowa bank Clinton National Bank of Clinton Louisa County National Bank of Columbus Junction First National Bank of Missouri Valley First National of Woodbine Banks released today were State Rank of AlllHon Allison State banlc of Allison Alta First Trust and Ravings An thon First Trust and Savings Ash ton Ashton State Baldwin Baldwin Savings Centervilte Towa Trust and Savings Lansing Kcmdt Broth ers Ravings Maplcton First State Turn lnnr 1 Cnlumn IV bubbled up S7 to 541 a sl The American dollar had another relapse in terms of European cur rencies especially those still on old basis Swiss francs Dutch guilders belgas and French were strong while Slerling als worked higher BANKS AT GLANCE Ity TJie Associated Jress The nations bunking system biv gan functioningon an almost nor mal scale again as tile third dVy President Roosevelts progressive plan for the reopening of financial institutions found activities extend ed to virtually every section of the country Hundreds of smaller insrUutionp joined the throng of larger oanks reopened during the past two days in the 12 federal reserve district Sugar Box Used as Incubator for Baby Born on Ocean LIVFRPOOL England March 15 Tl sugar box saved the life of a baby boy born on the liner Or conia enrouto from Valparaiso ID Ijivcrpool The child weighed Only 3 pound at birth The ships carpenter made an in cubator from an old sugar It had a glass top and was kept at constant temperature from tho tropics to Santander Spain where the baby was landed Tbe child son of a Bolivian was named Carlos Orcomito Wea IOWA WEATHER little temperature change LOCAL STATISTICS American Beet Sugar company weather figures for 21 hour period ending at 8 oclock Wednesday morning Maximum Tuesday 41 Minimum in Night II At 8 A M 19 Although the mercury went down considerably during the night indi cations were that the weather would warm up Wednesday   

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