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Mason City Globe Gazette Newspaper Archive: May 26, 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) - May 26, 1933, Mason City, Iowa                                rl L H f n 11 I 3 w 5 A Of iOvrS OCS MO I NES 14 North Iowas DAILY PAPER Edited for the Home yoL xxxix FIVE CENTS A COPY ASSOCIATED PKESS LEASED WIRE SERVICE THE NEWSPAPER THAT MAKES ALL NORTH IOWANS NEIGHBORS MASON CITY IOWA FEIDAY MAY 26 1933 HOME EDITION THIS PAPER CONSISTS OF TWO SECTIONS NO 200 Have Hopes in Farm Act Wallace and Peek Outline Goal of Relief Bill 1 HENELY A WALLACE By HERBERT FLUMMER WASHINGTON May 26 CPA or not the farm relief plan which has now become law ful fills the hopes and promises held out for it Secretary Henry C Wallace and George Peek who is to admin ister the new ag ricultural act are enthusiastic re garding plans to help the farmer Secretary Wal lace for example in explaining provisions of the act to newspaper men reiterated expressions of his determination to make all concerned acquainted with the bare facts And Peek in a recent statement outlining the principles and goal of the act as he visualizes them re peated the phrase to raise farm prices three times and in each in stance underlined it New Determination Not only among those charged with the responsibility of adminis tering the bill but with members of congress and the public generally appears a spirit of determination that something be done And its important as a develop ment of the times It hasnt been so long ago that many of the no nagricultural groups in the country were in the habit of looking on the farmer as a victim of circumstance who must pull out of his straitened condition the best he could Every effort to help him brought from opposing groups bitter denun ciation and loud cries that this or that proposal was nothing more than a raid on the treasury Now Its Different Now there seems to be a spirit of As it ap i that under economic the farmer cant save him self without outside aid and that unless something is done to help him everybody suffers Thus all sorts of plans and schemes looking to this end made their appearance on capitol hill while the bill was being framed Some were accepted some rejected Proposals which before were never given much consideration such as the Thomas amendment providing for inflation were made a part of the law Of course objec tions were heard and dire warnings of disaster raised but they were shunted aside There seemed to be a definite be lief that the time has come to rec ognize agriculture as a basic in dustry and do something about it Nazis Insist on Their Own Choice for Bishop BERLIN May 26 nazls today rejected the Rev Friedrich Von Bodelschwingh noted social di rector who had been nominated as the first evangelical bishop of the reich They Insisted on the Rev Ludwig Mueller chosen by the Ger man Christians nazi group ASKS REPEAL OF GOLD STANDARD Pecora Glass Clash in Morgan Investigation sfti Urges Legislation for Rule of Oil Industry WASHINGTON May 26 Legislation to provide strict federal oil regulation was urged to the senate finance committee today by Secretary Ickes Ickes testified that the CapperMarland oil control pro posal did not represent the views of the president but that the admin istration was ready with a shorter suggestion 1 i AUNT HET By Robert Quillen They say he aint guilty but I wouldnt trust no man that tries to keep his wife from findin out how much money hes got BANKING FIRMS DOMINATION OF UTILITIES SHOWN United Corporation Got Stocks Below Their Market Value WASHINGTON May 26 The senate investigation of J P Morgan and company was recessed today until next Wednesday after a bitter row over the course of the inquiry Suppressed tension over the Mor gan investigation burst forth in dis pute at todays hearing in the wake of disclosure that the wealthy bank Ing house controlled the United cor stock holding or in turn is affili ated with companies doing 22 per cent of the electric and gas output business of the nation Senator Carter Glass of Virginia fumed over the tactics of Ferdinand Pecora the vigorous New York at torney who as counsel for the in quiry has had J P Morgan and one of his partners George Whitney under stringent examination in the past three days and today drew further evidence of Morgan activi ties from George Howard as presi dent of the United corporation Demands to Know The tart Virginian demanded to the excitement of the crowded audience to know the exact course to the Inquiry He raised questions abtratTPec el while silence fell on the huge hear ing hall Pecora returned in Itind draw ing applause with a veiled hint that his resignation could be had if the committee asked Through Howard he had devel oped that the United corporation received from Morgan stocks in various utilities concerns in the 29 boom days at less than their market value and that the opulent banking house had in con sideration obtained a dominance over affairs of the United corpora tion Million Sham Option It was likewise disclosed by his questioning of Howard that through a MorganUnited deal the banking firm was given options on a million shares of United corporation at 1 each at a time when it would have been sold within a month to the tune of a profit or at some 30 more than was paid for each option With the GlassPecora clash which set the room momentarily in an uproar Chairman Fletcher of the committee defended the persis tent counsel and the Florida sen ator alyo drew aplause from the throng that awaited every word of testimony despite the oppres sive heat of the day Members on the committee pressed around the table to watch the controversy Formed in 1029 Taking the stand just in front of the elder Morgan Howard said the corporation was formed on Jan 7 M20 About Jan 11 he went on the concern got from the Morgan com pany a considerable quantity of stock in the Mohawk Hudson Pow er United Gas Improvement com pany and Public Service of New Jersey What was the value of the stock you acquired from J P Morgan and company Howard was asked He said the United corporation received the stock at about 12 000000 less than its market value Consults Records Consulting his records now and again the ready witness said the companies in which his corporation holds an interest do 22 per cent of the electric and gas business of the country on an output basis Submitting readily to questions by Pecora Howard painstakingly told how three days after the United corporation was formed it obtained from Morgan much stock in Mo hawk Hudson Power the United Turn lo page 5 column 2 Former Captain of Police in Chicago Is Dead Suicide Victim CHICAGO May 26 Stocker 66 a former police captain and city sealer under former Mayor William H Thompson last night made good the threats of suicide his wife said he had made recently when he found a revolver she had hidden and fatally ahot himself New Banking Bill Will Be Offered Soon Legislation Drawn on Basis of Morgan Disclosures WASHINGTON May 26 Democratic congressional leaders today passed the word that an im portant administration banking bill would be introduced shortly for con sideration by congress at this ses sion Chairman Steagall of the house banking committee said he prob ably would have an important an nouncement to make later in the day Speaker Rainey also has been ad vised of the legislation but declined to make known its purpose Morgan Disclosures It was hinted however that the legislation was drawn on the basis of disclosures before the senate banking committee in its investi gation of J P Morgan and com pany Only yesterday the senate passed the Glass bank reform bill The houso has approved a similar meas ure by Steagall The next procedure is for adjustment of differences be tween the two branches by a con ference committee Emergency Ilun The senate put in provision for immediate insurance of banlc de posits under an emergency one year plan plus a permanent insurance schedule to go into effect after a year The house passed the bill with an Insurance provision regarded Easier for small state banks congressional determinatibn to get the bill passed was counted on to get it agreed to this session even though President Roosevelt has not lifted a hand to help It The senate passed It late yesterday without even a roll call Besides insurance the bill de mands severance of commercial and private banks from investment businesses and tightens up the fed eral reserve credit machinery In a way counted on to prevent orgies of stock speculation like the big bubble that burst in 1929 AMERICAN HEAD OF CUBA REVOLT Man Who Fought in War for Independence From Spain Opposes Machado HAVANA May 26 P An American who fought for Cuban in dependence from Spain before the SpanishAmerican war was identi fied as a leader in the present re bellion against President Machado He is Col Charles Muecke more than GO years old and blind in one eye hard bitten campaigner of gue rilla warfare days A dispatch from Camaguey yes terday said six rebels who surren dered there to federal forces assert ed they were members of fighting outfits jointly commanded by Colonel Muecke and Ismael San chez a Cuban Other reports reaching here to day said Santa Clara delegates of the radical revolutionary party were attempting to persuade rebels in that province to return to their homes Des Moines Woman Burns to Death in Her Small Cottage DES MOINES May 26 Martha Jane Allen 76 was burned to death in her small cottage early today She is believed to have aris en to get a drink and to have dropped a lighted match near her bed Her son Dudley Allen said his mother insisted upon Hving in the cottage at the rear of his home be cause I like to be by myself Iowa and Minnesota Agree Upon Trucking DES MOINES May 28 nouncement of a reciprocal agree ment between Iowa and Minnesota truckers was announced by L E Wallace Iowa state motor vehicle department superintendent after conference with J P Arnoldy chief highway patrol officer of the Min nesota hiehway commission NEW AMERICAN FOREIGN POLICY HAILED BY SIMON Sir John Calls Davis Declaration Hope of World Peace LONDON May 26 new American policy of cooperation with other nations to avert any threat of war was hailed as an im portant step today by Sir John Simon the foreign secretary and Sir Austen Chamberlain one of his predecessors in that post Sir John speaking in the house of commons asserted the new American doctrine as explained by Norman H Davis American am bassadoratlarge at the Geneva disarmament conference amounted to abandonment of the Idea of standing with folded arms as a mere spectator from afar of strug gles between two other states one of which was in the wrong Important Declaration Sir Austen Chamberlain said no more important declaration had been made by any government than the Davis declaration The foreign secretary informed the house that Britain intends to assume no new continental obliga tions Speaking of the commitments of Britain under the league ot na tions covenant and the Locarno pactshe declared obligations jye ahajljtrive to perform but our friends on the continent well understand and it cannot be too clearly understood that it is no part of the policy of Britain to assume fresh and addi tional obligations B Point Policy He enunciated a five point Brit ish disarmament policy 1 Cordial response to President Roosevelts peace message 2 Because of immense arms re ductions already made Britain can not go further without a general agreement 3 Britan recognizes the validity of the concern which lies behind demands of certain states for secur ity 4 Britain is ready with the United States to join in world con sultation to promote security 5 Britain considers restoration of confidence and elimination of riv alry and suspicion to be a necessary condition for effective disarma ment Calls In Delegation WASHINGTON May 26 President Roosevelt today called in his delegation to the London econ omic conference and a staff of ex perts to draft a program of action Bernard M Baruch New York financier and economic authority joined the white house parley but he emphasized before it started that he was not a member of the Am erican delegation The president set aside most of the morning for his talk with the delegates and experts There was no indication of immediate action on his part although he scanned close ly reports from overseas Hull Is Chairman Besides Secretary Hull the chair man of the delegation the following were present James M Cox for mer governor of Ohio Senator Pitt man of Nevada and Representative McReynolds of Tennessee all dele gates and Raymond Moley assist ant secretary of state Herbert Fezs James P Warburg and Wil liam C Bullitt of the state depart ment and Rexford Tugwell assist ant secretary of agriculture It was said at the white house that the president was encouraged by reports of progress in London to ward cooperation with his program lowan One of 2 Men Marooned on Mount Almost Whole Night BOULDER Colo May 26 Marvin Moravec Cedar Rapids Iowa and Fergus Fingrey Durango Colo were recovering today from slight Injuries suffered when they were marooned on Flat Iron moun tain almost all of Wednesday night In a strong gale the youths were forced to hide in a crevice until the wind subsided when they crawled from their perch and returned to Boulder Both are students at Col orado university at Boulder Their injuries were confined to scratches and bruises TAKES SENATE OATH WASHINGTON May 26 tm H Thompson for mer member of tho supremo court of Nebraska took tlie oath as tho new democratic senator from that state today succeeding tho late Robert B Howcll n republican Plead Guilty to Dragging Judge His Court 6 Plymouth County Farmers Admit Charges Popken to Stand Trial LB MARS May 26 Plymouth county farmers charged with dragging Judge C C Bradley S3 from his court bench April 27 carrying him into the country and choking him into unconsciousness with a rope tether pleaded guilty in district court here today The six who entered pleas today are John Sokolovske 19 Lawrence Krause 29 Theodore Hardman 35 Walter Ideker 33 Albert Kaiser and Martin Rosburg 45 Sokolovske Krause Hardman Ideker and Kaiser entered written pleas of guilty to charges of as sault with intent to do great bodily harm Admit Other Charges Sokolosvske and Krause also pleaded guilty to charges of unlaw ful assembly Rosburg alleged by military of ficials to have been the man who dragged Judge Bradley from his bench pleaded guilty to the assault charge and to a charge of inter fering with the administration of justice Charles of conspiracy to assault were dropped Judge Early Peters before whom the pleas were made naid he will pronounce sentence at D a m to morrow A seventh suspect In the attack was expected to pleaded guilty later defense attorneys indi cated An eighth Richard Popken 33 who pleaded not guilty last week again indicated his determination to stand trial attorneys said Denies Tnking Part Popken allegedly on the truck in which Judge Bradley was abducted faces a charge of technical assault He has contended however that he took no part in the actual assault and that therefore he is not guilty of assault Judge Peters today sustained the application of Defense Attorney Nelson Miller for permission to cross signers of affidavits asserting that sentiment in the county would not permit the state a fair oppor tunity at trials of the farmers Popken now is the only remain ing defendant expected to go to trial but three other alleged lead ers of the attack still arc at large Wallace to Summon Conference of Corn and Hog Producers CHICAGO May 26 inary plans are ready for presenta tion at a formal conference expect ed to be called within 10 days by Secretary Wallace of corn and hog producers The plans were made at a session yesterday called by C V Gregory editor of the Prairie Farmer He said nothing for publication had resulted from the discussion PUSH SALES TAX AS PROVISION OF INDUSTRIAL BILL Committee Favors Limit on Deductions From Income Taxes WASHINGTON May 26 ax advocates today suddenly shifted their tactics In the house and lesignated a ative McCormack of Massacusetts make a motion to recommit ihe industrial recovery bill for in ertion of a 2Vs per cent general manufacturers levy exempting ood clothing and medicine An amendment to the admini strations public works industrial control measure to limit deductions from capital losses to one year in making out income tax returns was approved today by the house ways vnd means committee Outgrowth of Probe The proposal an outgrowth of testimony before the senate bank ing committee that J p Morgan had paid no income tax in this coun try in the last two years was ap proved as the house nearcd a vote on the huge measure A final roll call was expected before adjourn ment Meanwhile the committee dis closed it was studying the testi mony of J P Morgan and his as sociates in the Investigation being conducted by the senate banking committee To Prevent Carryover As explained by of the committee the amendment wilt pre vent the carryover of net losses from ono year to another in arriv ing at a base for the payment of taxes Speeding up Its program to en able congress to quit by midJune tho senate today began considera tion of the administrations railroad economyconsolidation bill with a view to passing it late today or Monday No session is planned to morrow Murphy Recommends Vaughn to Take Over Fort Dodge Postoffice GlobeGazette Washington Bureau WASHINGTON May 26 Senator Louis Murphy today rec ommended the appointment of Philip Vaughn as acting postmaster at Fort Dodge succeeding Postmas ter Harry E Blomgren whose term expired December 13 Vaughn was strongly recommended by the coun ty democratic chairman and Na tional Committeeman Charles Mitchell Sandusky Is Granted Continuance of Trial NEW HAMPTON May 26 Judge T H Goheen Thursday granted J W Sandusky Sr New Hampton attorney a continuance until next term of court Sandusky is charged with assault on Lyman L Swanger Williamstown farmer Will Rogers NEW YORK May flew in from Washington from the Morgan investigation I have always said I never met a man I didnt like well I liked this Morgan You would like him You couldnt help it I am not speaking of his racket I am speaking of the man These sen ators will be banking with him before this thing ends When I met him I started to hand him what little I had right there Now these senators started out to prosecute him I want to save him I can see the making in him of a regular guy He has the money he has tho brains and above all he has the person ality If he will devote we will say just the afternoons of his life to public service or philanthropy of some sort he will die happy and loved Yours WILL ROGERS Copyright 1033 McNaiiKht Syndlcnle GET 2 YEARS FOR LINDBERGH HOAX Means and Whitaker Receive Sentences for Defrauding Mrs McLean WASHINGTON May 26 Gaston B Means and Norman T Whitaker were sentenced today t serve Jail sentences two year each for conspiracy to defrau Mrs Evalyn Walsh McLean of 000 In a Lindbergh baby hoax Sentence was imposed by Justici Daniel W ODonoghue In the Dls trlct of Columbia supreme court They were recently convicted after a sensational trial during which Charles A Lindbergh took the stand Means a former depart ment of justice agent already is serving 15 years for defrauding Mrs McLean estranged wife of Edward B McLean former publish er of the Washington Post of 104000 This was accomplished the gov ernment contended on false repre sentations that he could locate the kidnaped Lindbergh child and turn t over to her The baby later was found murdered High way Allotments to Iowa Nebraska in Works Bill Increased WASHINGTON May 26 Allotments to Iowa and Nebraska for highway construction In the public works bill have been raised more than SP000000 As the bill was first drawn the allotments were to be made on the basis of the 1021 highway appor tionments of federal funds and the population ratio Later revised by the committee the bill now appor tions the fund on only the highway basis Iowas share through this meth od has been increased from approx imately 510000000 to nearly 511 000000 and Nebraska will receive if the bill is passed without amend ments approximately in stead of 57500000 Astronomers Hope Star Will Twinkle for Fair ROOSEVELT BILL NTRODUCEDFOR ACTION IN HOUSE Steagall Calls It Step Toward Stabilization Stocks Soar WASHINGTON May 28 resident Roosevelt has decided hut the United States should go f f the gold standard by statute He requested Chairman Steagall f the house banking committee to ay to introduce a resolution to luce the United States off the trmdard by law Stcagall called newspapermen to 13 office and read a copy of the EEolution which he said declares he United States is off thegold tandard by statute It repeals the gold standard icf Steagall said No Gold Payments Adding that under the resolution 10 bonds no obligation of the fed rnl government and no obligations f any form would have to bo paid n gold or gold currency upon the of the measure He said it would bo possible for he foreign debtors to pay the United States their war debts ia any legal money The bill frees the United States rom the obstacles and handicaps of the gold standard he declared It is an administration bin and part of President Roosevelts emergency relief program Inflation Unnecessary In addition Steagall said the law would make it unnecessary for President Roosevelt to devaluate the gold dollar under the inflation pro visionsof tle farm relief act Steagall termed the measure one of the greatest steps toward stabil izing money in the United States All legal money under this act lie asserted would meet all obliga tions payable in gold Chairman Fletcher of the senate mnking committee will introduce an denticnl resolution in senate Karly Hearings Planned Early hearings will be held and jtcagall expects action to come in both congressional branches next veek Steagall immediately introduced he bill In the house and made the ollowing statement I give It as my humble judg nent that this bill marks a final oflnite and determinate step that vill bring a revival of business and 1 restoration of prosperity and hap piness to the American people The resolution ia entitled to as iire uniform value to the coins anrl urrencies of the United States The resolution provides All Legul Tender All coins and currencies of the United States including federal re erve notes and circulating notes of ederal reserve banks and National banking association heretofore or lereafter coined or issued shall be egnl tender for all debts public and private public charges taxes luties and dues except that gold coins when below the standard weight and limit of tolerance pro ided by law for the single piece hall be legal tender only at valua ion in proportion to their actual veight Under a law enacted March 14 1900 reaffirming previous acts It was provided The dollar consisting of 258 rains of ninetenths fine shall be he standard unit of value and all forms of money Issued or coined by the United States shall he main tained at a parity of value with this standard and it shall be the Turn ID pOfVT S Fnlamn 4 Ray From Arcturus Be Snared to Light Up Exposition CHICAGO May 26 twinkle little what astronomers hope the star Arcturus will be doing tomorrow night when they train telescopes on it to catch a ray with which to light up a century of progress exhibition They wish for it to twinkle at exactly oclock Chicago day light savings time and the only way the heavens can Interfere with the act will be to draw a curtain of clouds extending from the midwest to Cambridge Mass Watches will be maintained at four observator ies between these points Tells Stars History Prof Walter Bartky University of Chicago astronomer today told a little of the history of this star It is the sixth brightest in the heavens he said and the fourth brightest in the northern hemis phere Arcturus is 20000 times as large he aun and From the court of the exposi lions hall of science building within which mechanism has bcci set up to receive and convert th light ray Into the force to set tin fair in motion Arcturus will pear orange In color slightly to the cast of overhead 40 Year Old Star Professor Bartky did a little speculating about the star and its role in the official lighting of the fair The light that will be snared to morrow left Arcturus 40 years ago on its 185281 miles a second Jour ney Thus Arcturus la 40 years be hind the earth In time All right follows Professor Bart ky If the star were the central orb in some distance group of planets if these planets were peopled and if these people could observe the goingson of the eorth they would see in Chicago tomorrow not the century of prepress expo sition blazing Into jeweled but the Columbian exposition of 1893 33 Turks Drown When Ferryboat Goes Down ISTANBUL Turkey May 26 Turks drowned to day when a ferryboat carrying 00 persons sank an It was crossing the river Kilklt near Tokat Several persons were missing She IOWA WEATHER Fair Friday night and Satur day slightly warmer In ex treme east portion Saturday LOCAL STATISTICS GlobeGazette weather figures for 21 hour period ending at 8 oclock Friday morning Maximum Thursday Minimum In so At 8 A M Friday 85   

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