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Mason City Globe Gazette Newspaper Archive: October 2, 1934 - Page 1

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Publication: Mason City Globe Gazette

Location: Mason City, Iowa

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   Mason City Globe-Gazette (Newspaper) - October 2, 1934, Mason City, Iowa                                13 MEM 4 A ft V NORTH IOWAS DAILY PAPER EDITED FOR THE HOME THE NEWSPAPER THAT MAKES ALL NORTH IOWANS NEIGHBORS HOME EDITION VOL XL FIVE CENTS A COPT ASSOCIATED PRESS LEASED WIRJB SERVICE MASON CITY IOWA TUESDAY OCTOBER 2 1934 THIS PAPER CONSISTS OF TWO SECTIONS SECTION ONE NO 306 Stabilizing Fund Used New Deal Mystery Ventures Out in Open for Time By HERBERT KLUMMER ASH1NGTON Oct 2 who watched for e i g n exchange quotations during the last few weeks saw one of the big mys teries of the new deal ven turing cautiously out into the open It was the two billion dollar sta bilization fund set up when the government re valued the gold dollar early in January of this this fund first was created it was one of the most talked of things For weeks it was one of the principal topics of discussion News papers devoted columns of specula tion asto how it would be used Then suddenly it dropped com pletely out of the picture It was the will of the administration Pres ident Roosevelt let it be known that he would consider all questions re garding it as having not been asked Secretary Morgenthau made the subject taboo at all his conferences with newspapermen Gradually it became cloaked in mystery No one except the secre tary of the treasury and a few of his trusted aides knew what the fund was doing Francs For Sale Twice during September how ever the public had opportunity to check on its movements On both occasions the fund to all appear ances was used to bolster up the for eign exchange value of the dollar The method of operation was clear The first instance was on Sept 5 Inflation gossip and other rumors had sent the value of the dollar in relation to other foreign currencies principally francs down apprecia bly Foreign speculators particularly ittose inFrance weresellingthe dollar short Late in the afternoon of Sept o French francs were offered for sale on the New York market Many credited the stabilization fund Con fronted with large offerings of francs the same forces which were depressing the value of the dollar began operating in the opposite di rection The franc slid down in value as compared to the dollar and the dol lar moved upward as compared to the franc Balancing the Supply Two days later the United States treasury through the fund was credited with buying dollars in Paris When the Paris market op ened that day the dollar was worth 14 97 francs By the time the treas ury quit buying that day the value of the dollar had been advanced to 14975 francs Offhand such a fractional gam seem trivial but in foreign ex change dealings they are of the greatest importance In both of these instances the sta bilization fund was credited with be ing used merely as an artificial in terference with the law of supply and demand When the supply of dollars is abnormal the fund can be used to absorb it or counterbalance it with a supply of competing cur rency When the demand for dollars is too great the treasury can rush the fund in in an effort to create a balancing supply Sits on Wrong End of LimbWhile Sawing ROCHESTER N Y Oct 2 m Joseph King 52 really did it and it wasnt in fun or on a bet either He climbed a tree on the St George church grounds found a de cayed limb 20 feet up and sawed it himself and the trunk Hes in the hospital with a fractur ed left ankle FORECAST IOWA Generally fair cool er in extreme east portion Tuesday night Wednesday partly cloudy somewhat warm er In west aid north portions MINNESOTA Fair probably light frost cooler In northeast warmer in extreme west por tion Tuesday night Wednesday unsettled and warmer IN MASON CITY GlobeGazette weather figures for 24 hour penod ending at 8 oclock Tuesday morning Maximum Monday 74 Minimum in Niclit 41 At 8 A M Tuesday 47 TRIAL OF SAMUEL INSULL OPENS Declares U S Should Prepare to Fight Japan MITCHELL SAYS PLANES SHOULD BE SO DESIGNED Brigadier General Would Develop Increase in Cruising Range WASHINGTON Oct 2 Brig Gen William Mitchell retired told the presidents aviation com mission today that our most dangerous enemy is Japan and our planes should be designed to at tack Japan Mitchell who earlier had said 50 dirigibles could destroy Ja pan within two days if war broke WILLIAM MITCHELL out with the United States said the United States should de velop planes with a cruising range of from 6000 to 8000 miles He said Russia possessed planes with a radius of 3500 miles which could be used either against Japan or western Europe The outspoken advocate of a uni fied air service called the national advisory committee for aeronautics a political organization He agreed that the committee had done useful work but told ttie commission that one of the reasons hecriticized itrsrasbecause opposition to a unified service Urged to Get Ready TOKIO Oct 2 official army pamphlet which urged Japan to make ready for a possible war with Russia spread uneasiness among the nations economic lead ers today This was reflected onUie stock exchange Leading shares declined on an average of two yen about 60 Newspapers said members of the cabinet as well as civilians were taken back by the surpris ing manifesto which proposed drastic charges in the nations ec onomic life and in nonmilitary gov ernment departments It asserted the United States has three airplanes to Japans one and that America wanted a navy larg er than this countrys in order to support vigorous policies toward the Orient Newspapers asserted General Senjuro Hayashi minister of war would be questioned at the next cabinet meeting about responsibil ity for authorship of the pamphlet Political writers predicted the state ment would be a grave political is sue at the impending special session of the diet SLAYER TRIES TO KILL HIMSELF lowan Convicted of Murder of Wife Butts Head on Radiator MUSCATENE Oct 2 Charles James 60 year old Cairo man who was convicted in Louisa county district court last Saturday on second degree murder charges in connection with the shooting of his divorced wife today failed in an at tempt at suicide in the Muscatine county jail here James suffered severe head in juries in butting his head against the radiator in his cell It is the second effort of lames toend his life since the shooting of his wife Immediately after the I shooting he turned a gun on him self and was brought to a hospital here for treatment later being taken to the Fort Madison peniten tiary for confinement pending trial of his case Sheriff George Oakes of Louisa county this afternoon took James to Fort Madison where he was to be placed in a padded cell Skull Fractured in Automobile Mishap SHELBY Oct 2 Cox Tennant businessman received a fractured skull when his car orashrd into one of his own trucks loaded with hogs LINDY GUARDS TO BE RECALLED These three New Jersey state troopers who have been on duty at the entrance tn the Lindbergh estate near Hopencll N J for SI months soon are o he recalled Trooper William Smvjcr is shown questioning a motorist who drove up to the entrance of the carefully guarded estate as his companions John and Joseph Wolf look on Associated Press ManufacturersChallenge Met by Counter Challenge Labor Insists on Right of Collective Bargaining SAN FRANCISCO Oct 2 A manufacturers challenge to la bor to declare an industrial truce met with a counter challenge today from American federation of labor leaders Only when worKmen are assured their full right of collective bar gaining can peaceful methods of settling disputes replace the strike weapon President William Grecii told the A F of L annual conven tion He called upon the national as sociation of manufacturers which proposed a truce during which no attempts would be made forcefully to change existing industrial condi tions first publicly to announce they will obey the decisions of con stituted authorities as the president suggested Will Pay No Heed Until such time as that associa tion announces its willingness to comply with the rulings of the courts and of the constituted au thorities set up by the government under NRA which rulings it has de fied Green asserted no one will pay heed toits proposals or chal lenges Green said labor in ready and willing to meetemployers at the conference table as urged by Pres ident Roosevelt He insisted the challenge of the manufacturers as saciation is subterfuge Other labor leaders echoed his views The legislative program presented hy Green in which he stressed the 30 hour week as a remedy for un employment is expected to occupy much of the conventions time for the next two weeks To Discuss Williams One of the first matters to be brought on the floor some leaders indicated will be the appointment to the new NRA board of Clay Wil liams tobacco company president Ira M Osburn president of the international cigar makers union and secretary of the union label trades department of the A F of L said he will bring the question before the convention He declared Williams record is that of an op ponent of the national recovery act and he has fought NRA codes from their inception Internal strife in the building trades department continued after the conventions opening yesterday At the end of a conference last night Green announced that he had exhausted peace efforts and that he Turn to Tune 3 Column fij MISS PERKINS ON HER WAY WEST Labor Secretary to Explain Roosevelt Truce Plan at Convention WASHINGTON Oct 2 Secretary of Labor Frances Perkins sped toward the American Federa tion of Labor convention today while leaders of unions and indus try fell to arguing about the terms of the truce President Roosevelt proposes Miss Perkins left forSan Francis co last night after two conferences with President Roosevelt It wa believed she would seek A F of L support for the specific trial pe riod of industrial peace Although her trip had been de cided on before the president an nounced the experiment Sundaj night there appeared no doubt thai Miss Perkins would seize the oppor tunity to explain the presidents plan The secretary also is a mem ber of the new industrial recovery policy board Leading spokesmen for organ ized labor and industry hailed the plan in principle But on details they glared at each other inimical ly and there appeared much mis sionary work to do before the ar mistice to industrial warfare is signed Industrys emphasis was on ban ning any attempt to change the status quo by force while union labor stressed the necessity of abid ing bv decisions that may be hand ed down through the governments mediation machinery White house officials said today President Roosevelt already had started conferences with individua leaders on his plan for a truce be tween capital and labor but that N 1 HAS PROBE OF KIDNAP CASE ABOUT FINISHED Plans to Ask Hauptmann Extradition Before N Y Trial TRENTON N J Oct 2 pv A Harry Moore said today New Jersey expects to complete within a few days its investiga ion of Bruno Richard Hauptmann icld as a suspect in the Lindbergh kidnapmurdcr but probably would not seek his extradition from New York this week Following a conference with Dis trict Attorney Samuel J Foley of the Bronx Attorney General David T Wilentz of New Jersey and Col H Norman Schwarzkopf superin tendent of the state police Moore said that before long we feel that we will be reaGy to have Haupt mann here To Act Before Trial It is our hope and intention he said to have him here before trial in New York We are satisfied the governor said we can take care of him Hauptmann here We must com plete a thorough investigation and expect to do so in a few days Moore said Foley was cooperat ing in every possible way with New Jersey authorities arid was perfectly willing to put all his in formation at the disposal of New Jersey BobsInto Picture The J J Faulkner who ex changed in gold ransom notes during the rush bobbed into the pic ture again with the disclosure by federal agents that they have nar rowed down the search for him to one part of the city of New York Signatures on voting lists and doorway mail boxes are being com pared with that of Faulkner Federal agents also questioned Mrs M Auchenbach last night after she had told a newspaper that Hauptmann was on a trip at the time of the kidnaping and returned a week later with an injured leg Government investigators in Chi cago sought William B Dennis civil engineer after the Herald and Examiner in a copyrighted article quoted him as saying he was ab solutely sure he had seen Haupt mann a few miles from the Lind bergh home the night of the abduc tion Recognizes Pictures He said he recognized pictures of the German as those of a man who hailed him on a side road near Hopewell N J and borrowed his tire pump Two other persons wore in the strangers automobile At Danville Va J C Roach said he was sure he had seen llaupt mann and Fisch sitting in a parked car the night of May 21 1932 Were just as safe in one place as another Roach said he heard one man say The other replied If Id known you were going to kill the baby I would not have got mixed in it Hauptmann Friend TRENTON N J Oct 2 associate of Bruno Richard Haupt mann Lindbergh kidnaping sus pect who apparently knew that the German carpenter was passing hot money was being sought to day by the New Jersey state police Col H Norman Schwarzkopf at a press conference revealed that about Febuary 14 Hauptmann and a companion still unidentified appeared at the lumber yard of Cross Austin and Ireland in the Bronx Hauptmann ordered a small wood panel which uost 40 cents When William J Reilly yard su perintendent Schwarzkopf said was tendered a bill by Haupt mann he noticed it was a gold note Claimed Girl Knew He Did Not Love Her Edwards Romance Is Related by Mother of Victim WILKES BARRE Pa Oct 2 commonwealth presented the first of its witnesses today against Robert Allen Edwards the youthful hard coal surveyor it hopes to send to the electric chtir in the American Tragedy slaying of Freda McKechnie Mrs George McKechnie mother of the unemployed telephone oper ator told the jury in low halting tones that Edwards once said Freda knew he did not love her that he wanted to marry Margaret Crain East Aurora N Y music teacher The pleasant faced middle aged wife of an Edwardsvillc coal com pany boss described her daugh ters romance with Edwards which sort of dwindled after he went to college and met the Crain girl Freda was unhappy she said but when Edwards came back and did not return to school Freda was happy and hilarious and imi tated the funny people she heard on the radio Mrs McKechnle described the rainy of July 30 when despite the lightningjind wind Freda and Edwards went out for the even ing and she did not return She knew something terrib had happened tn Freda she said Columbos Mother Not to Be Told of Crooners Shooting HOLLYWOOD Cal Oct 2 The 72 year old mother of Russ Co lumbo who was shot accidentally and killed Sept 2 never will be told of her sons death Miss Virginia Brissac private sec retary of the late actorsinger dis closed today that Mrs Columbo is to believe that her son has gone abroad to make a film Mrs Colum bo is seriously ill with a heart ail ment and physicians fear that word of Columbos death would prove fa tal to her Miss Brissac said members of the family are acting their parts cour ageously QUIZZED IN SLAYING there would be no general or group I and hesitated The second man parleys with either side Auxiliary Head Urges Seating of Women at Labor Sessions SAN FRANCISCO Oct 2 Seating of women members of the American Trades Union auxiliary as fraternal delegates at the Ameri can Federation of Labor convention was urged today by Mrs Mary Ry der St Louis auxiliary president Mrs Ryder a visitor to the con vention said President Roosevelt has recognized the ability of women by appointing them to high places in the administration Labor should also recognize their ability without a suggestion from Haupt mann offered correct change and the Lindbergh suspect immediately withdrew the bill Reilly said the two men said they would return later in the day to get the panel but they never came back for it Schwarzkopf said Reilly posi tively1 identified Hauptmann from photographs but that he was un able to identify the second man from any photographs of others mentioned as friends of the German carpenter Relief Allotments Made WASHINGTON Oct 2 eral relief fund allotments for Oc tober made here included l4051KO for Iowa SS211185 for Minnesota for Nebraska 30 Hour Week Used at Labor Convention SAN FRANCISCO Oct 2 The American Federation of Labor has adopted the 30 hour week which it advocates as a remedy for unemployment for sessions of its annual convention here Acting on a recommendation of the rules committee delegates de cided to convene at a m take two hours off for lunch and ad journ at p m There will be no sessions VOTE TO RETAIN CORNHOG PLAN Farmers From Two Hancock County Townships Three to One for Contracts The vote was 114 to 31 in favor of continuing the cornhog plan for another tract si year at a meeting of con iners from Avery and Twin Lake townships of Hancock county Monday evening at the town hall in Goodell Four nonsigners at thr meeting voted 3 to 1 for the continuance of the plan The results of this one of the first Colorado officers and Omaha police questioned Charles W Ncal 43 former Colo rado prison inmate arrested Spencer in their investigation of the slaying of Miss Ida Han son Nebraska milliner whose body wns not identified until more than A year after her death in May 1H3S Associated Iress 40UTOFFIRST13 JURYPROSPECTS ADMIT OPINIONS Questioning of Venire Conducted by Judge Wilkerson CHICAGO Oct 2 out 1 the first 13 men who took their xaminations to be jury men in the nsull mail fraud trial disclosed in uestiouing as the trial began to day that they had fixed opinions as o the guilt of Samuel Insull Si leposed utilities magnate Two of the foui turned oit ad mitted under questions from Feder al Judge James H Wilkerson to be rejudiced against Instill because of mpleasant financial experiences vith stocks in one or another of the companies the utilities ex ecutive headed before his crash They were promptly challenged for cause by Attorney Lloyd E Thompson presiding over the squad of eight defense attorneys and man aging the defense of Insull and In sulls son Samuel Jr Fixed Opinion You havent formed any fixed opinion as to the guilt or innocence of these defendants have you to Iowa was most be held in North gratifying to Sena tor William McArthur member of the state cornhog committee who was present at the meeting but did not participate in the conduct of the session The way I figure it this is an indorsement of the cornhog plan by 78 per cent of the farmers who were under contract the past year said Senator McArthur Ben Grciman chairman of the Hancock county cornhog associa tion presided at the meeting and gave a short talk on the referendum The committees in charge were Howard Barger and Carl Wrsenberg of Avory township and Karl Rnka and Sam Barber of Twin Lake town I ship i BRAZILS WOMEN HAVE SUFFRAGE Equal Rights Expected fo Sex Before Long in Argentina This is the second of a series of six articles in which the for eign bureaus of the Associated Press describe the progress of feminism in many RIO DE JANEIRO Brazil Brazilian law says that women were created equal to men Women may aspire to the presi dency the republic They may vote They may constitu tion of July 36 says shall be pair wages equal to those of men for equal tasks or equal accomplish ment They may not be refused any job in any walk of life by reason of their sex or marital status But even the Brazilian Federation for Feminist Progress which won these rights for women continues to believe in cooking mending socks and love Hard to Overcome Dr Bertha Lutz president of the federation said that women ap preciate their right to aspire to the presidency but do not believe a wo man will attain that post soon We would be hard put to over come the intense barrier of mascu line ambition and egoism she said Dr Lutz who patterns her cease less feminist campaign after those of women leaders nf the United States said she found it hard to de termine whether brains or beauty count the more in winning the sup port of men Womans tenderness and intelli gence wins only superior men she said While personally she favors birth control Dr Lutz points out that Brazilian feminism has no doctrine on the subject Oppose Dictatorships The chief of Brazils feminists be lieves European dictatorships are directly opposed to her cause Fascism in any form is an out come of the war and it is an at tempt to create a civilization ex clusively for men she stated Ita lian fascism which I saw in 1923 did not impress me favorably German naziism removed from public life women of the highest rank such as Gertrude Batinier and Elisabette Liders Feminism of the United States as represented by women like Mrs Carrie Chapman Call i atraclive to Brazilian women Dr Lutz said ITS STEADY WORK CHICAGO Oct 2 pays not high but at Ifiast it promises to be steady work Twelve jobs like that were open today to men of endurance and good physical condition the selection of a jury to try the In sull mail fraud case begins Jur ors in federal court are paid 3 a day TheI2ssiected will be locked up although that is yet to be decided If they are they can hope to be home for Christ inas but not with any degree of assurance Ten weeks is the shortest estimate of the time needed to try Insull and his 16 associates Judge Wilkerson asked R T Bart lett manager of an oil company at Sycamore HI Theres no doubt of it in my mind said Bartlett I base my opinion on my own losses Could you forget that nd griv these men a fair trial I dont we how you can forgef money youve lost the candidate replied Venireman Russell Brooks who identified himself as a string bass player In Chicago night club or chestras was excused as a jury prospect when he said many of my relatives had Insull stock and lost practically everything Wins Speedy Excuse Another who won a speedy excuse was William W Giikinson an au ditor who said he had gone over books of two of the Insull com panies Commonwealth Edison com pany and Middle West Utilities company and had formed a definite opinion about the case Severt Charleston a farmer C Sheridan 111 was excused because he was 65 years old Frank Alms of Clare Til stayed in the jiry box after he said his wife had held i Ttrrn tn Column Window Curtaining Many factors enter into the se lection of window curtains They may be intended to shut off an un attractive view to soften and dif fuse the light coming through the window or to frame an attractive outlook Through careful choice of colors and textures they may also serve as a connecting link between the walls and other furnishings This booklet prepared by a gov ernment expert and attractively illustrated will be found helpful by every housewife Send four cents in coin for your copy Mail your order today Use coupon BUENOS in San Juan province in the Andean foothills women of Argentina have not succeeded in winning the right to vote But they are confident they will get it before long In recent years they have made an outstanding legal law giving married women full civil rights us to property It was one more blast at a tradition common in Latin countries which held that tTiirn 3 frolnmn Mason City GloheGarette Information bureau Frederic I Haskin director Washington D C I inclose four cents in coin care fully wrapped for the booklet on Window Curtaining Name Street City State Mail t Washington D C A   

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