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Mason City Globe Gazette: Tuesday, May 23, 1933 - Page 1

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   Mason City Globe-Gazette (Newspaper) - May 23, 1933, Mason City, Iowa                                North Iowas Edited for the Home C 0 r iURLON E R MEM A ARl DEPT OF IOWA DCS UOINES THE NEWSPAPER THAT MAKES ALL NORTH IOWANS NEIGHBORS HOME EDITION VOL XXXIX FIVE CENTS A COPY ASSOCIATE PRESS LEASED WIRE SERVICE MASON CITY IOWA TUESDAY MAY 23 1933 THIS PAPER CONS1BT8 OF TWO SECTIONS SECTION ONE NO 197 DEMAND MORGAN PARTNERSHIP DATA ATTACK HEAD OF TELEPHONE FIRM IN NORA SPRINGS Three Men Sought After Slugging Hart on Way to Rudd Meeting RUDD May G Hart of Nora Springs president of the Farmers Mutual Telephone com pany of Rudd Rockford Floyd and Nora Springs was slugged by three men while he was on nis way to a meeting of the company here this morning The last thing he heard the bandits aay was Hell attend no meeting of the stock holders today Hart is in bed at his home In Nora Springs and is under the care of a physician He was unconscious for a time but will undoubtedly re cover physicians said A car was waiting on a bridge half way between Nora Springs and Rudd Three masked men stopped Hart and ordered him to get into their car They placed a sack over his head and slugged him and it was then he heard the threat that he would not attend the meeting Ashed to Come Early Hart was left lying beside his car The carburetor had been tampered with and the engine would not run This morningHart received a jcall to attend the meeting a little ahead of time H O Braham sec retary of the company however de ttied calling Hart Hart after recovering conscious walked to a farm house and forassistance Meanwhile the had start Mf the report Si slugged S C Vote to Adjourn After the company learned of the Ijlnjuries suffered by Hart the group voted 50 to 8 to adjourn for 30 days In the meantime officers said an attempt will he made to ascer tain some facts about the slug ging of the president Mrs Hart this afternoon describ ed the slugging of her husband as a mystery He was not robbed BO that could not have been the purpose of the holdup she said I dont think he has any enemies Why he was attacked is xery much of a puzzle Butler of Lindberghs Dies After Operation PRINCETON N J May 23 IP Wheatley butler in the home of Colonel and Mrs Charles A Lindbergh died in Princeton hospital today He was operated on for stomach ulcers last Friday Arrachart French War Aviator Killed CHARTRES France May 23 Arrachart wartime pilot and twice holder of the air distance record was killed today when his plane fell as he was practicing for a speed contest Asks Early Hearings DBS MOINES May 23 Herring appealed to Secretary of Agriculture Wallace to grant hear ings at the earliest possible date on corn and hog proposals of the new federal farm act AUNT NET By Robert Quillen Of course shes a good Christian an she believed Tom went right to Heaven but you cant act that cheer ful at a funeral without maldn folks suspicious Better Days Here Say Bankers of North Iowa TRIPLE TRAGEDY VICTIMS Bodies of Mr and Mrs Marvin L Clark and their son Ivan who officers believe shot his parents and then committed suicide were found Monday morning on a farm near Austin The above photograph shoulng the son standing at the left was found In the home It was j believed that theson shot his parents following a quarrel the day be bt Temporary Agreement of Peace in Far East Made in Chinese Troops to Remain South of Peiping FEIPTNG China May 23 temporary peace agreement be tween China and the invading arm ies of Jajan was reached today it was authoritatively reported Other Chinese reports claimed that Japanese military commanders had handed Chinese military lead ers an informal note requiring them to conform to unrevealed conditions contained in the note within three days or the Japanese would re sume operations REMAIN TO SOUTH TOKIO May 23 Rengo Japanese news agency dispatch from Tientsin today says that a SinoJapanese truce agreement signed at Peiping provides that Chi nese troops shall evacuate Peiping and remain to the south of the line YenkingChangpingShunyiP aot i Lutai An earlier Renga dispatch said the Japanese siege of Peiping has drawn no closer but a panicky evacuation of Chinese troops from the yty continued all night with morning finding only gendarmes In side the walls Both the war office and the for eign office gave assurance that the troops of Field Marshal Nobuyoshi Muto commanderinchief of the Japanese armies in Manchuria hav ing fought their way almost within the shadow of Peipings historic wallg would be checked well out side and not permitted to enter un less there was fresh Chinese provo cation Anomalously aonther Japanese force a battalion from the Tientsin garrison arrived unhindered in Peiping by railroad shortly before noon to reinforce the legation guard Japanese and other nations maintain garrisons in Peiping under terms of the protocol of 1901 drawn up as a result of the boxer upris ing House Resumes Work Upon Glass Bank Bill WASHINGTON May 23 The house resumed work on the GJassSteagal bank reform bill to day by voting S3 to 31 to relieve stockholders in national banks from possible assessments equal to their holdings in the event of a fail ure or receivership RFG POWER OF Public Works Bill Adopted by Committee and Sent to House WASHINGTON May 23 print of the public worksindustrial controltaxation bill approved by the house ways and means commit tee shows that the borrowing power of the Reconstruction Cor poration is reduced by 51200 000000 The bill emerged from committee startlingly converted Into a major tax bill to extend an extra year all special excises imposed a year ago when the treasury was fast running empty This extraordinary procedure de cided upon in the late night hours just before the ways and means committee approved the whole bill and voted unanimously to report it today was anounced as an extra safeguard to treasury credit and as double Insurance for the 000000 issue of honda the measure calls for Budget Director Lewis W Douglas treasury spokesman asked the step be taken Financed by Bonds As a result the bill now calls for Construction of public works fed eral state local and public bene fitting private building financed by bond issue designed to employ mil lions of men Self regulation of all industry un der federal supervision to end over production sweatshop wages un duly long work hours and thus in crease prices and recreate employ ment New high income taxes taxes on corporate dividends increased gaso line tax all to produce a year to fund the public works bonds Extend Excise Taxes Extension from July 1 1931 to June 30 1935 of a round half billion dollars worth of excise taxes on such articles as automobiles radios refrigerators sporting goods matches candy chewing gum soft drinks cosmetics furs jewelry checks safe deposit boxes oil pipe lines theatre admissions yachts stocks bonds and stocks With the report on the bill to the house went a request for a special rule which will order its considera 4 Column R 200 REPRESENT 17 COUNTIES AT MEETINGS HERE Andrew and Kraschel in Opposition to Single Bank System Definite assurances that better days are here and that still greater business improvement is ahead characterized the adresses and dis cussions of the joint meetings of groups 3 and 4 of the Iowa Bankers association at the Hotel Hanford Tuesday Nearly 200 bankers from 17 North Iowa counties were in at tendance Representativea of large banking institutions educators and admin strative officers in their addresses expressed confidence in the sound ness of new deal developments and soime of them went so far as to predict prosperity such as we have never seen before Sentiment was decidedly against late trends towards one banking system This was particularly ex pressed in the adresses of L A Andrew Iowa superintendent of banking ana president of the state bank division of the American Bankers association and Lieut Gov N G Kraschel For Dual Banking Mr Andrew vigorously attacked influences which he said were at tempting to abolish the American system of dual banking isat deeply laldi plan to take advantage of the depression to do away with the small banks and place the banking of the country in control of large banks with branches he said The plan is to put all banks under one head at Washington The unit bank has not been a failure any more than the large banks he declared mentioning some of the larger hanks that were forced to close their doors on the eve of the banking holiday He cited stupendous losses taken by many of the larger banking institutions Deal Working The lieutenant governors address was a recital of the evidences of optimism that have come as a re sponse to the new deal efforts He revealed some of the incidents both humorous ana serious that came as result oE the banking holiday in Iowa Bankers were urged to take a more long distance view in order to keep from getting caught in probable economic swings Mr Kraschel viewed the divorce ment of security affiliates from banks as a most happy develop ment in the banking field Past developments and visits to other states have convinced me that we are fortunate in living in Iowa he declared Iowa is sound and if credit can be distributed is entitled to as much credit as ever Jjind Going Up The price of land is going up Some of the developments helping to bring this about arc lower taxes and lower rates on refinancing of farms It will be necessary how ever for federal land banks to show more speed Probably the most optimistic ex pression at the meeting came from Dr George R Davtes of the college of commerce State University of Iowa who talked on The Outlook for Recovery I believe we have before us a period of prosperity such as the world has neverseen he declared after pointing out that tremendous changes were taking place In the Turn to rage 4 Column I News Dove of Peace Has Left North Iowa for Geneva WHY HENRYi I THOUGHT YOU DIDNT BELIEVE IN BARGAINSLOOK AT THE MUSS YOUVE MADE BEFORE I HAD A CHANCE TO EVCN SEE THE PAPER 6 STUDENTS HURT IN GAB ACCIDENT Rockford Freshmen Suffer Cuts When Automobile Leaves Road ROCKFORD May fresh men of the Rockford high school were injured one of them seriously when the car in which they were riding left the road at oclock last night as they were returning from Marble Rock The accident oc curred at the Roy Parcher corner Albert Jensen owner of the car was driving the car which was de molished Belden Schuster son of Mr and Mrs Ed Shuster suffered a fractured thigh and is now in the Cedar Valley hospital at Charles City Others in the car who suffered bruises and cuts were Arthur Drake Chris Strate Arnold Webster and Edwin Trettin Community Plate 2pIece set for You can buy It in Mason City on Community Day at this special price British Agree With Message of Roosevelt LONDON May 23 Brit ish government replying today to President Roosevelts message to the world declared that it entirely shares the presidents view that on the successful outcome of the word economic and disarmament conferences depends the future happiness and prosperity of the world Britain the reply said was all the more encouraged by Mr Roose velts message because the presi dent places as the first step of his program adoption of the draft dis armament convention presented by the British prime minister March 16 Britain believes that if a disarm ament agreement can be reached the result will be restoration of confidence among the nations of the world and that thus the best prep aration will be made for the vital decisions which the world economic conference will be called upon to take SHOPPERS MAY RIDE FREE Through the courtesy of the Mason City and Clear Lake liullrond company Mason City streetcars will take passengers free of charge to the business district of Mason City from 9 a m to 11 a m community day Wednesday All stores participating In the community day event will operate the regular Saturday night hours on Wednesday night In order give everyone nn opportunity to take advantage of the tre mendous values to bo offered that day Bingham Presents His Credentials to King LONDON May 23 W Bingham new United States ambassador riding behind prancing kings horses In an open royal car riage went to Buckingham palace this morning officially met King George and presented his creden tials Gets Eight Years for Kicking Man to Death SIOUX CITY May 23 Wil liam Morris 61 Negro of Seattle Wnsh was sentenced to eight years in the state prison after pleading guilty to kicking Stanley Blosevich Elizabeth N J to death TORNADOES CUT PATH OF DEATH 15 Reported Killed as Big Wind Sweeps Nebraska and Kansas GARDEN CITY Kans May 23 Tornadoes which whirled through dust darkened skies left death and property damage in wide ly separated parts of the midwest ern wheat country today Reports over crippled communi cation lines indicated 15 person were killed eight near Tryon Ncbr one near Paxton Nebr flvi in Liberal Kana and one near Gar den City Scores were injured in the sistei states and a dozen more were vie Urns of a Bainville Mont tornadi yesterday Snnd and Dust The Kansas twisters struck dur inga sand and dust storm whicl had blotted out the sun hamperei all traffic and forced the use of ar tlficial lights In addition high winds rain am hail pounded farming communitic of Oklahoma Kansas Nebrask and Colorado An 8 year old girl was Berious injured and others slightly hurt i Denver where the wind was report ed to have reached a velocity of 7 miles an hour Toll May Mount H L Herring Meade Kans man who witnessed the tornado a Liberal said the whole business ace tion there was badly wrecked lead ing him to the belief the death tol there may mount Several small tornadoes were re ported In Nebraska striking aboil Tryon North Platte Dix and Springs Buildings were damaged communication wires were cut am trees were uprooted A report received at Omaha said six persons were killed by J P REVEALS HE PAID NO INCOME TAXFOR2YEARS efends Private Banking as National Asset Not Danger MORGAN TEXT ON PAGE 11 WASHINGTON May 23 Vrmed with some of the secret acts it sought and out to get more espite protests the senate com nlttee investigating the titanic iorgan banking firm learned from s slow spoken wealthy master his afternoon that he had paid no ncome taxes for 1931 and 1032 This testimony by J P Morgan pened the afternoon session of the nquiry that had kept a crowd on dge during a tense forenoon scs ion climaxed when the committee eclded to insist on submittal of Ult imas partnership agreement and etails showing how responsibilities uul profits are divided among his 20 closest business associates Davis Overruled John W Davis as counsel for the iancier was overruled on objec ions that the information sought vas of private nature Whether the partnership data will be published remained undecid ed Meanwhile income tax which precipitated vigorous dispute between Senators Glass D Va and Couzens R Mich on the pursued determ inedly by Ferdinand Pecora the committee counsel He had drawn from Morgan earlier that the firms assets ap proach half a billion dollars ani other Informationhitherto ed by the great private banking house Chat and As the afternoon session re sumed Morgan and had said he should be questioned just as any other and laughed Pecora asked the hanker wheth er you paid any income tax In 1930 The room became quiet Morgan paused briefly He smiled and said I dont re member Pecora inquired why you do not know The tax is made up out of the jooks Morgan said evidencing mpatfence I dont recall about 1D30 Did you pay any Income tax in 1931 I recall about that I did not Morgan testified Well how about 1932 No Morgan answered What docs that no mean 1alcl No Tax It means I paid no income tax for 1932 Morgan said calmly Pecora had prefaced this exam nation by asking whether Morgan participated in a substantial share of the profits of the Morgan firm Morgan had said yes and now rie interposed I participate in the losses also Shooting rapid questions Pecora had inquired of Mr Morgan Do you know your firm made a return income tax for the two day period between Jan 1 and Jan 2 11131 Probably but I dont know it Morgan replied Do you know that in the Income return for the two day period de ductions of 521071000 were made I dont know Of Small Consequence That is not an Item of small consequence Is it I really dont know anything about It Do you know of any loss that 4 Column 4 4 Column 1 IOWA WEATHER Cloudy ami cooler thumlnr showors In east untJ central portlonn Tuosday night Wed nesday partly cloudy cooler In and central portions LOCAL STATISTICS GlobeGazette weather figures foi 21 hour period ending at 8 oclock Tuesday morning Maximum Monday 7f Minimum In At 8 A MV7 MERCHANTS SET FOR SPRING COMMUNITY DAY WEDNESDAY MAY 24   

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