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Mason City Globe Gazette: Thursday, August 9, 1934 - Page 1

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   Mason City Globe-Gazette (Newspaper) - August 9, 1934, Mason City, Iowa                                I 3 T OK I r ART North Iowas DAILY PAPER Home THE NEWSPAPER THAT HAKES ALL NORTH IOWANS NEIGHBORS EDITION VOL XL nve CENTS k COPY ASSOCIATED PRESS LEASED WIRE SERVICE MASON CITY IOWA THURSDAY AUGUST 9 1934 THIS PAPER CONSISTS OF TWO SECTIONS SECTION ONE NO 260 The ABC of TheFHA Home Repair Phase of Program Given by Moffett Editors Note The home re pair phase of the federal recov ery program Is about to be thrown into operation The why and the how of It has been written for the GlobeGazette by the man in charge His second article is given below Two oth ers will follow By JAMES A MOFFETT Federal Housing Administrator XCopjrlshl 1031 by Iho Press ASHINGTON Aug 9 We of the federal housing adminis tration have been convinced since the first day we undertook this that if we are to achieve re sultsOf real value to the na tion in developing the property modernization plan there must first of all be strict conform ance to the prin ciples of sound banking For essentially this is a program which has for its real foun dation a multiplicity of banking transactions Let us consider a typical Ameri can community On the law of av erages there will be in this com munity many buildings that are run down or are in need of more modern conveniences Manifestly it is sound practice to keep buildings in good repair or im prove their efficiency Therefore loans of this type may be considered within the scope of good banking if the repairs are needed if the sums borrowed are applied only for the purpose intended if the value and desirability of the property is en hanced and if the borrower is in a theamount fcor While the regulations of the fed eral housing administration do not require specifically that the lending institutions must determine whether or not the property owners have spent or intended to spend the pro ceeds of the loan wisely it will be apparent of course that the sound ness of the project will have a strong bearing on the property owners willingness to meet the pay ments on the note Therefore from the standpoint of their own self in terest bankers will exercise care in making sure that the property own er in securing a modernization loan is furthering his own interests And beyond these transactions be tween lender and borrower there is envisaged an endless chain of other interests I am told for ex ample that in these projects 76 cents of every dollar will go to labor cents at the site 21 cents at the factory mill or dealer 7 cents at the source of material and 4 cents in transportation the balance will go to the building supply deal ers manufacturers and for raw materials and transportation Drawn From Banks It requires no stretch of the im agination therefore to see how the money that is to be drawn from the banks in the modernization pro gram will move from person to per son with considerable velocity and prove of direct immediate benefit to every business interest in the com munity But the good work will not stop there The loans having been made Turn to Page 2 Column TteWeather FORECAST IOWA Partly cloudy and cooler possibly showers in ex treme southeast portion Thurs day night Friday probably cooler in extreme southeast portion MINNESOTA Fair slightly cooler in southeast portion Thursday night Friday unset tled IN MASON CITY GlobeGazette weather figures for 24 hour period ending at 8 oclock Thursday morning Maximum Wednesday 100 Minimum in Night 69 At 8 A M Thursday 79 Rainfall 42 In Mason City a downpour be tween 2 and 3 oclock Wednesday afternoon amounting to 27 of an Inch and a gentle shower between 10 and 11 oclock at night to the accompaniment of much thunder and lightning left a total of 42 of an inch of moisture in the Globe Gazettes rain gage At the beet sugar plant north of the city the afternoon precipitation was only 03 of an inch and the night rain only 05 of an inch for a total of 08 The drought therefore is not broken in any general way F R SAYS CONFIDENCE RETURNS President Issues Order for Nationalizing Silver MERCURY DROPS FEW DEGREES IN STATE 95 HERE Belmond Has Heaviest Rain in North Iowa Showers Spotty Iowatemperatures Thursday were generally a few degrees below those of Wednesday but promised cooler weather was far from a reality Mason City had a 95 in place of the 100 recorded Wednesday Mercuries in many parts of the state again shot above the 100 mark the ninth consecutive day of the latest searing heat wave At Ottumwa where a 115 de gree maximum Wednesday eclipsed the states all time high mark it was 113 degrees and much of southern Iowa baked under tem peratures only a few degrees lower Northern Iowa benefitted slightly from breezes and cloudy skies 102 at Des Moines Keokuks thermometers had mounted to 109 degrees Thursday afternoon while Burlington swelt ered at 105 and Des Moines at 102 Clinton reported a high of 98 and Muscatine was only one degree be hind with 97 It was 96 at Davenport 95 at Ce dar Rapids Marshalltown reported 94 Dubuque 93 Fort Dodge 9H4 Charles City 91 and Waterloo 89 Theheaviest rain in North Iowa Tyas atT Belmond where a downpour starting about 9 oclock Wednesday evening and continuing through most of thenight measured one and onehalf inches This fol lowed a day of excessive heat the thermometer passing the 100 degree mark Rain fall Spotty At Mason City Wednesday after noon and evenings showers totaled 42 of an inch At the American beet sugar plant only two miles north of town however a bare 08 of an inch fell showing how spot ty the rainfall was The maximum temperaturewas 100 E G Larson Charles Citys of ficial weatherman reported 2of an inch fell Wednesday afternoon and 22 in the evening following a day with a maximum temperature of 97 and humidity which reached an unusually high point at 7 oclock in the evening Although Forest City had 22 of an inch rain Wednesday afternoon the shower of Wednesday night was quite light The heavy atmosphere wasthe source of much discomfort to residents there Little at Northwood At Northwood only 09 of an inch was measured Wednesday with just a sprinkle during the night The maximum temperature was 95 A heavy shower of Sunday morning had helped out much and crop con ditions were believed better than in several surrounding counties One farmer displayed a stalk of corn 11 feet high with two ears of corn Hampton had only a sprinkle of rain Wednesday accompanied by considerable wind Crop conditions Torn to Page 2 Column 1 RULES FOR CITY OF NEW ORLEANS Judge Issues Injunction to Block State From Taking Police Power ORLEANS Aug 9 Ruling for the city and against the state District Judge Nat W Bond today issued an injunction to Mayor T Semmes Walmsley preventing a proposed new police board from taking the police power out of his hands Judge Bond held unconstitutional the legislative act creating the new board which Senator Huey P Long political adversary of the Walmsley forces caused to be passed through the recent state assembly The police board issue was one of several issues between the Walms ley and Long factions which have resulted in both sides arraying armed camps of opposing police men and national guardsmen in the city The court held the act is un constitutional because it would take away from the electors the right to control their local government by placing control in the hands of pri vate corporations and associations FLYERS FAIL IN DISTANCE HOP The plane Trail of the Caribou took off from Wasaga beach Toronto Canada for Baghdad in an attempt to set a new nonstop dis tance record with James Ayling formerly of the British Royal Air force and Leonard Reid Canadian flyer at the controls but was forced to land in England when the fuel supply got low Associated Press Canadians Forced to End Their Flight at London Land With but More Than Half of Distance Made LONDON Aug 9 Trail of the Caribou landed here today after a flightof 30 hours and 55 minutes from Wasaga Beach Ont The flyers James Ayling and Leonard Reid had set out to estab lish a new long distance record with Baghdad Iraq as their goal Their landing means that they only covered a littie more than half of the 6300 miles they had set as their objective The Canadian airmen set their black biplane down after covering approximately 3700 miles Sighted Over Airdrome They were sighted at p m a m CST over Stag Lane airdrome They hopped off from Canada at a m EST yester day Their rapidly diminishing supply of gasoline forced the flyers to change their plans and to decide to land in England Reid said They brought their plane down on a private flying field in Middlesex a short time after they circled over the Hendon airdrome on the north era outskirts of London Land Without Notice The flyers who landed without notice to watchers belowwere run ning into increasing unfavorable weather It was a wonderful trip hut we surely are disappointed we couldnt continue on the Baghdad Reid said We had bad weather most of the way across the Atlantic Then the controls jammed several tiroes So when the gasoline supply seemed to be dropping we thought it best to land Anyway were glad we landed safely Reid added Iowa Pays in Taxes on Liquor WASHINGTON Aug 9 contributed in liquor taxes to federal government during the first seven postrepeal months 591496 of the total accruing from the tax on nialt liquor Drowns in Gravel Pit WAUKEE Aug 9 the old rubber tube on which he was floating in a grave pit near Van Meter became deflated Floyd Davis 19 of Waukee drowned in 45 feet of water He could swim only a few strokes HUGE CROWD AT COURT HEARING 10 Minneapolis Firms Seek End to Military Rule by Governor MINNEAPOLIS Aug 9 Ten Minneapolis business firms to day attacked Gov Floyd B Olsons authority to proclaim military rule in the city because of the truck drivers strike at an injunction hear ing in an overflowing courtroom be fore three federal judges So large was the crowd crammed into the small room that evenEH Dunnigan federal conciliator who has been seeking a path to peace with Father Francis J Haas co mediator in the 24 day struggle en countered difficulty in gaining ad mittance l The state prepared to fight charges of abridgement of consti tutional rights was represented by the state attorney generals office Governor Olson accused of using unfair dictatorial powers in his long efforts to force a settlement was an interested observer The firms demand an injunction taking immediate effect to lift mil itary rule in which national guardsmen have patrolled the city since July 26 and thereby move trucks without the necessity of ob taining military permits Ask McKeever Extradition SIOUX CITY Aug 9 mal request for extradition of George McKeever held in jail here in connection with a North Dakota bank robbery was to be made today of Gov Clyde L Herring MAGISTRATE RULES EVEN GODS HAVE TO KEEP OFFICE HOURS HANKOW China Aug 9 JP Chinese district magistrate has concluded even gods must keep office hours No gods re ceived after noon says the sign appearing over hia door in Chi nese characters The searing drought is respon sible Farmers have been bring ing their household gods to town each day to participate in mass prayers for rain Chinese custom demands the deities first be taken to visit the magistrate and this one found himself inundated beneath a stream of heavenly visitors at all hours of the day and night Stocks and Grains Soar After Move Wave of Inflationary Buying Sweeps Over U S Markets NEW YORK Aug 9 wave of inflationary buying swept over the stock mSrket today as foreign currencies rose sharply against the dollar following announcement of President Roosevelts nationaliza tion of silver It took the markets a little time to react to the silver nationaliza tion news After remaining dull and hesitant for a short time following the nationalization announcement Roosevelt8 address at Green Bay Wis the stock market quietly regained early losses of to 52 a share In the last hour however active buying swept throught the list and the ticker fell In arrears as shorts rushed to cover There were many advances of to or more over yesterdays close or to over the low levels reached in the morn ing In the bond market U S govern ment issues had been heavy in the early dealings but much of the loss was recorded later despite the drop of the dollar in foreign exchange dealings New Grain Prices High Aug 9J high prices of the year for all grains were written on the Chicago mar kets huge blackboards today the fourth consecutive trading session in hatf holstea quotations above Hprev lous peaks Floundering below yesterdays close the market near midsession was electrified for the moment by announcement of presidential na tionalization of silver and wheat prices gounded 2V centsalmost in stantly and closed near the days highs 42 Killed in Iowa in Auto Accidents in Month of June DES MOINES Aug 9 tytwo persons were killed and 980 persons received injuries in Iowa accidents during June Lew E Wal lace superintendent of the state motor vehicle department reported today There were 830 accidents report ed during the month involving 1266 automobiles Ten of the persons kill edwere pedestrians Wallaces sur vey showed The 42 persons killed in June this year compared with 38 in June 1933 and the same number in June 1932 There was a decrease if tae number of accidents reported how everfrom 1019 in 1932 to 850 in 1933 and 830 in June of this year MINTS DIRECTED TO RECEIVE ALL OF WHITE METAL Will Deduct 618 Pei Cent of Silver as Seignorage WASHINGTON Aug 9 President Roosevelt today issued an executive order providing for the nationalization of silver at cents an ounce according to the provisions of the silver pur chase act of 1934 The presidents proclamation made public by Secretary Morgra thau said the mints would be di rected to receive any and all silver in the United States The mints will deduct as seignor age 61825 per cent of the silver so received and will return to the depositor silver certificates or other coin or currency in an amount equal to the monetary value of the re mainder Will Return part This means the mints will return for each fine troy ounce of silver so received an amount equal to 5001 cents a fine troy ounce The order does not affect do mestic silver mined since Dec 21 1933 which may still be delivered to the mints under the presidential proclamation of that date All other silver situated in the United States on Aug 9 today1 must be delivered to the mints with Certain classes of silver are ex empted Provision is made for 11 censes covering silver needed for commercial and industrial uses and to fulfill outstanding contracts to deliver the metal All Coins Exempted Also exempted are all United States silver coins foreign coins silver ore silver owned by foreign governments and foreign central banks and silver in fabricated articles Secretary Morgenthau promul gated last night an order requiring consular invoices paupers issued by United States consular agents abroad whenever more than 5100 worth of silver is shipped to this country No explanation was given The checkoudumping theory was one of several that occurred to ob servers Attendance Drops at Iowas State Parks DES MOINES Aug 9 tendance in Iowa state parks de creased 15307 during July 1934 un der the 1933 total reports of the state board of conservation showed MUELLER HEADS GERMAN CHURCH Reichbishops Sweeping Act Receives Approval From National Synod BERLIN Aug 9 a stroke of the pen Reichbishop Lud wig Mueller today made himself su reme head of the Protestant church n Germany His sweeping act received the stamp of approval from the hastily summoned national synod The pro testsof 12 representatives of churches in south Germany received no attention as the church law re lating to the headship of the Ger man Evangelical church and the state churches was adopted by an overwhelming majority of the 54 members of the German Christian synod The law abolishing the church flag was the only act among three oth ers which was accorded unanimous approval GREEN BAY Wis Aug 9 The highlights of President Roose velts address today at Green Bay ollow It is just as hard to achieve larmonious and cooperative action among human beings as it is to conquer the forces of nature Only through the submerging of indi desires into unselfish and practical coojferation can civiliza ion grow In the great national movement vhich culminated in 1932 people oined with enthusiasm They lent hand and voice to the common cause irrespective of many older political traditions Ready to Block More Fights of Jews and Arabs 7 Military Planes Circle Over Constantino 35 Arabs Arrested CONSTANTINE Algeria Aug 9 military airplanes cir cled constantly over a wide area about Constantine today following reports trouble between Arabs and Jews was brewing at several points Thirtysix Arabs armed with shotguns were arrested as they sought to enter Constantine in au tomobiles The city grew quieter following days of bloodshed in religious riot ing between the two races Military forces are under the personal di rection of Jules Carde governor general who returned hurriedly roni Paris yesterday Violence was reported to have sroken out in outlying districts of he state having large Jewish quar ers including Ain Beida and Te jessa Authorities refused to con firm or deny the reports The throats of 13 of the 27 known killed here were slashed while others were beaten to death with clubs Three little girls their ages ranging from 4 to 10 were among the victims They were virtually decapitated with native knives Highlights in Talk by Roosevelt AVERS HONEST BUSINESS NEED FEAR NO INJURY Both Wisconsin Senators for Their CoOperation In one year and five months he people of the United States have received at least a partial answer to their demands for action and neither the demand nor ac tion has reached the end of the road My action has beep delayed by two types of individuals x x x There is the man whose objectives are wholly right and wholly pro gressive but who declines to co operate xxx because he insists on his own methods The other type is the individual who demands some message that will restore what he calls confidence Confidence is returning to the agriculturalpopulation x x x to the manufacturers x x x to worker xx x tohome ownersxx x to th siall The government intends no In jury to honest business The pro cesses we follow in seeking socia justice do not in adding to genera prosperity take from one give to another In this modern world the spreading out of opportunity ought to consist of robbing Peter to pay Paul We are concerned with the multiplication of wealth through cooperative in which all can share These high purposes must be accomplished by ooperation among those charged by the people with the duties of overnment We who support this new deal do so because it is a square deal ana because it is essential to the preservation of security and happi less of a free nation It seeks to cement our society rich and poor manual workers and brain worker into a voluntary brotherhood of freemen standing together striv ng together for the common good of all There is no lack of confidence on the part of those businessmen farmers and workers who clearly read the signs of the times Aged Population in Iowa Reported High DES MOINES Aug 9 ratio of persons 65 years of age or over to the total population in Iowa s 79 per cent larger than in all but two of the 28 states having old age pension laws the Iowa pension board said Man is fighting also those forces which disregard human co operation and human rights in seeking that kind of individual profit which is gained at the ex pense of his fellows FIRElAlSfrS IN SHAM BATTLE Authorities Seek Source of Bullets That Killed One and Injured Three BURWELL Nebr Aug 9 Bullets which killed a boy and in jured three other spectators during a sham battle between army caval rymen at the Burwell rodeo last night were found today to be lead unlike ammunition used by army men The lights were shut off so the gunfire would appear more specta cular The firing began Seven year old Billy Snyder slumped fonvard in his chair mor tally wounded Persons nearby were aghast as they heard bullets whiz zing past their heads The casualities were not learned until the lights were turned on Then commanders of the cavalry said they had doublecheckcd their ammunition and were positive all the shells fired were blank cart ridges The injured were a son of Buck Krause of Burwell who was wound ed in the leg son of E E Hahn of Burwell who was wounded in the hand and a barber identified only as Brown and who was said to be traveling with the cavalry troop GREEN BAY Wis Aug 9 resident Roosevelt brought to Wis onsin today a message of confi ence reborn among the people and ji assurance that the new deal pro1 injury to honest busi css but a prosperous growth in hich all may share In a statement talking about a new larty the president homeward jound after spanning a great tretch of the northwest and the rought afflicted prairie states pro lounced his major declaration of the irst campaign year since 1932 and aid the new deal is going for ward Those who would measure confi dence in this country in the future must look first to the average citi zen he said Confidence Returning Confidence is returning to our agricultural population who in spite of unpredictable and uncontrollable drought in a large area is giving understanding cooperation to prac tical planning and the ending of useless bickering and sectional thinking of the past Confidence is returning to the manufacturers who in overwhelfti ing numbers are comparing the black ink of today with the red ink of many years gone by to the workers who have achieved under the national recovery administra tion tothe and women whose willing Tu who have been Baved from atarva tida by government relief Intends No Injury He found confidence returning too to children saved from child la bor businessmen and bankers find ing government cooperation in put ting the golden rule into the tem ples of finance to home owners and small investors saved from losses These are the elements that make for confidence in the future said the president And as though o instill further confidence in busi ness he pursued This government intends no in airy to honest Business The processes we follow in seek ng social justice do not in adding to genera prosperity take from one ive to another In this modern vorld the spreading out of oppor unity ought not to consist of rob bing Peter to pay Paul We are con erned with more than mere sub raction and addition We are con cerned with the multiplication of wealth through cooperative action wealth in which al can share Both Old Friends President Roosevelt digressed rom his prepared address to men ion by name Bob La Follette and Turn to Pasc 3 Column 1 Get This Map This brand new map of Europe was received hot from the press the very day that Chancellor Dollfuss of Austria was assassinated and is one of the timeliest offerings we have ever been able to make to our readers With this map to refer to you will have a better understanding of what you are reading in the news and editorial columns of your fa vorite newspaper about the tragic and direful developments across the seas for it carries the essential in formation concerning every coun try It shows not only national boundaries as they are today but as they were before the World war There is no other map like it and a copy of this one can be procured only through our Washington In formation Bureau Your copy will be sent you upon receipt of 10 cents in coin to cover cost handling and mailing Use this coupon Use this coupon The Mason City GlobeGazette Information Bureau Frederic J Haskin Director Washington D C I inclose 10 cents in coin care fully wrapped for new MAP OF EUROPE Name Street City State Mail to Washington D C   

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