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Mason City Globe Gazette Newspaper Archive: October 24, 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 24, 1934, Mason City, Iowa                                NORTH IOWAS DAILY PAPER EDITED FOR THE HOME THE NEWSPAPER THAT MAKES ALL NORTH IOWANS NEIGHBORS HOME EDITION VOL XLI FIVE CENTS A COPY ASSOCIATED PRESS LEASED WIRE SJCKV1CB MASON CITY IOWA WEDNESDAY OCTOBER 24 1934 THIS PAPEK CONSISTS OF TWO SECTIONS SECTION ONE NO 11 Break for HomeOwner Large Increase in Housing Projects Scheduled By HERBERT PLUMMER ASHINGTON Oct 24 President Roose velts announce ment that he will recommend a big increase in hous ing projects to the next con gress may give home owners one of the biggest breaks in the new deal Within the c o m p a r atively short time of three and one half years Uncle Sam has set up rH machinery to aid home owners rival ing any the other vast and intri cate governmental mechanisms and apparently the end is not yet in ight Literally billions of dollars of gov ernment and industrial money have n made available Uncle Sam took the first step in bis direction in the latter part of Zlie Hoover administration when congress passed the first federal home loan father of the nu merous similar acts now on the statute books From then on alphabetical agen cies created to help the home own er increased by leaps and bounds New Alphabetical Setup RFC came along to do its share by expanding its powers to include issuance of bonds to finance federal housing agencies Then federal home loan bank made its appearance with 000 in capital and authority to oper ate a dozen banks and make loans to their affiliates HOLC was next operating on a temporary basis under FHLBB with in capital In the clos ingdays of the last congress FHA was created iw there f justbeen floated savings aridloan Insurance tion to protect savings anilloans accounts in eligible building and loan associations federal savings and loan associations cooperative and homesteads The godfather of FSLIC is FHLBB but the corporation was created in the act which established FHA FSLIC is a mere concern Large Personnel Needed The number of persons operating these various agencies is tremen dous HOLC alone has some 20000 per sons on its payroll These include both the staff in Washington and the field forces among whom there are some 8000 appraisers and 7800 attorneys whose compensation de pends on their fees It is estimated that when FHA really gets to functioning at high speed approximately 5000 persons will be on the payroll New deal officials have no apol ogies to make on the size and scope of their homeaid organization Chairman Fahey of FHLBB and HOLC says that as compared to other countries the United States never has given its housing problem the attention it deserves Fahey believes the depression might have been stopped long ago if there had been adequate laws in cluding housing laws Rain Fairly General in Iowa With Skies Remaining Clouded DBS MOINES Oct 24 Cloudy skies and additional rainfall were Iowas portion today The weather bureau predicted continued fair weather however with cooler in the east and central portions tonight Rain was fairly general in the if state last night the heaviest being in the northeast section Charles City reported 040 inches while Des Moines had 016 inches The highest temperature in the state yesterday was 75 at Des Moines and the lowest last night waa 42 at Sioux City URGES LIBERAL LENDING POLICY Tugwell Proposes Worldwide Trade Planning FORECAST IOWA Fair cooler in east and central portions Wednesday night Thursday partly cloudy cloudy Wednesday night and Thurs day cooler in extreme east warmer in extreme west por tion Wednesday night IN MASON CITY GlobeGazette weather figures fo 24 hour period ending at 8 oclock Wednesday morning JVIaximum Tuesday 73 Minimum in Night 51 At 8 A M Wednesday HZ Rainfall 12 FORECASTS END OF CUTTHROAT TRADE METHODS U S Official Speaks at International Session on Agriculture By ANDRUE BERDING ROME Oct 24 prediction that cutthroat international trade will be eliminated as cutthroat domestic trade is being abolished was made today by Rexford G Tugwell United States undersecre tary of agriculture In his address to the internation al institute of agriculture in the presence of leading agricultural ec onomists Tugwell did not use the term planned economy although he did advocate a change in the in stitute to support such a system Somewhere between internation al anarchy which we call free trade but which was never really free and which has been subject to irrele vant unbalanced and sometimes sinister private control Tugwell said somewhere between this and protectionist nationalism which logically would stop any trade at all we shall find a way to build a more substantial structure of ex change Goofl Beginning Made As we move away from cut iroat domesUc trade relations we shall move away from them in in ternational trade relations Referring to the administration of industry in the United States he said My country has not found solutions which are regarded as fi nal We think however that a good beginning has been made Tugwell dressed in a formal morning coat with a violet adorning his button hole read the speech Former Minister of Commerce Masse of France introduced him Those present included Mrs Tug well and Breckenridge Long United State ambassador A discussion of the Americans speech followed Devoting much of his time to an attack on the doctrine of laissez faire Tugwell said the diffusion of machinery power and skill throughout the world seems to me to indicate that finished goods will decline in importance in internation al commerce Must Play Fair If this is so there will continue to be more and more emphasis on raw materials and their efficient dissemination Of international trade he as serted we cannot expect to ex ploit each others markets in order to favor our producers and we can not expect cheap goods through the wastage of others resources or in juries to foreign labor Discussing the progress of prag matics and wilful other words world well said this process may be de pended on to reduce our mutual dis trust and fears It may also be de pended on to open channels of trade TJ S OverResentful We inthe United States have been overresentful perhaps of what we have called agrarian na tionalism in Europe We could see no reason for the small field cultivation of wheat when our large scale operations had reduced costs so greatly And we Iurn lo rase 3 Column 1 SHOP DESTROYED IN NEW HAMPTON Loss Is Placed at Several Thousand as Structure Is Burned NEW HAMPTON Oct Wednesday morning destroyed the building occupied by the Thoresou shop with a loss estimated at several thousand dollars The building was owned by Mrs C W Putney and the loss to it was estimated at Damages to the Sandusky Jewelry company were placed at and the smoke damage at the large Glass building was estimated at 51000 The blaze started in the basement from unknown origin It was dis covered about oclock and it took nearly two hours to put it out Mrs J S Thoreson operated the Sweet is on Main street GAVE PRETTY BOY LAST MEAL Here Is Mrs Ellen Conkle holding the traycontaining thelast meal of Charles A JRretty Boy outlawdrlvcivhy hunger had appeared at her farm near Sprucevalc Ohio to buy food and was trapped and slain by federal agents Unaware she was hostess to the nations Number 1 Public Enemy Mrs Conkle had arranged to have him driven Into Youngstown Ohio Scan Merger of Telegraph Corporations Hearing on Western Union Postal Set for Dec 3 WASHINGTON Oct 24 Hearings on the advisability of con solidating the Western Union and Postal Telegraph companies were ordered today by the federal com munications commission for Dec 3 The hearings will embrace the advisibility of consolidating or merging all telegraph companies In announcing them the com mission said that while congress did not specifically direct the com mission to inquire into this ques tion it did direct the commission to make a special report not later than Feb 1 1935 recommending such amendments to the com munications law as were deemed desirable Subject of Importance The commission said that the subject of mergers was one of the most important brought forward in the report of President Roosevelts interdepartmental c o m m i 11 ees study of communications The commission said that inas much as telephone companies since 1921 had had the right to consoli date it was expected the hearings would be confined almost entirely to the desirability of permittinar tel egraph companies to consolidate and to determine conditions and safeguards that should surround such mergers During the last session of con ress legislation was proposed to le alize a merger of the Postal Tel egraph company which is controll d by the International Telephone and Telegraph company and the Western Union Telegraph company Bill Fails To Pass It was reported at the time that Postal had acquired a heavy inter est in Western Union subject to mssage of such a law However de ermined opposition developed and the bill failed to pass Notice of the impending hearings will be sen to state officials and various others interested Persons desiring to be heard will be required to file written notice not later than Nov 21 together with a concise statement of facts they propose to offer in evidence Driver Waives Hearing KNOXVILLE Oct 24 Chrismore driver of the car which is alleged to have struck and killed Fred Sparks pershing miner early Sunday waived preliminary hear ing on a charge of driving while in toxicated BEDOOW GUILTY OF BOND FORGERY Jury at Eikader Convicts 68 Year Old Father of Bellboy Ponzi BULLETIN ELKADER Oct 24 Mrs Irene Olson of Sioux City today pleaded guilty to a charge of uttering counterfeit munic ipal bonds and was sentenced to not to exceed 10 years Impri sonment in the Kockwell City reformatory ELKADER Oct 24 ver dict holding Silas J Beddow guilty of uttering counterfeit public in struments in connection with the Omaha bond forgery case was re turned today by a 12 man jury in the Clayton county district court The 68 year old Colesburg fann er father of Bellboy Ponzi Frank Beddow of Sioux City was alleged to have attempted to dispose of forged Omaha street improvement bonds to several individuals and banks Allows 15 Days The case was given to the jury at yesterday afternoon and the verdict was returned this morning Judge H E Taylor in whose court the case was tried allowed 15 days for the filing of a motion for a new trial Sentence will not be pro nounced until after that time Beddow and his wife were the only witnesses called by Defense Counsel G W Hunt of Guttenburg while the state represented by County Attorney A H Borman and Asst Atty Gen Clair Hamilton called four witnesses Beddow Girl Friend The states witnesses were George Kriebs of Eikader Harold J Kriebs of Dewitt J J Mathews of Strawberry Point and Irene Olson of Sioux City the latter claimed by officers to be the girl friend of Frank Beddow Claiming that Beddow Sr at tempted to dispose of the bonds to George Kriebs the Central States Bank and Trust company of Eika der and the Union Bank and Trust company at Strawberry Point the state presented four of the denomination bonds in evidence at the trial LEGION IS URGED BY SUBBODY TO CALL FOR CASH Bonus Will Be Debated Thursday St Louis 1935 Choice MIAMI Fla Oct 24 diate cash payment by the govern ment of the soldier bonus at face value was recommended in a resolu tion adopted by the American Le gion legislative committee Only two dissenting votes were cast Ray Kelly of Detroit chairman of the committee said no minority report would be submitted when the matter formally is presented on the convention floor probably tomor row The recommendation was made on the premise funds so released would alleviate the general econo mic depression by putting a large amount of money into immediate circulation thereby relieving unem ployment to a great extent Debate Is Limited Debate on any one question has been limited by the rules committee to two hours However the bonus issue most controversial of the con vention probably will be given greater time with various angles of the question being brought up as discussion the conven tion adopted a report of its time and place committee awarding the 1935 convention to St Louis Clevelands invitation for the 1936 convention was presented by David S Ingalls while William Casey of Atlantic City presented the bid of Atlantic City for the 1936 gather ing Mayor Bernard F Dickmann of St Louis personally extended an in vitation trom his city and handed over a check in good faith Without discussion or a dissent ing vote the convention adopted a report of its national defense com mittee recommending increasing the standing army to 14000 officers and 165000 men Resolution on Bonus The resolution of the legislative committee stated Resolved that Since the govern ment of the United States is now definitely committed to a policy of spending additional sums of money for the purpose of hastening re covery The American Legion recom mends the immediate payment at face value of adjusted compensation certificates with cancelation of in terest and refund of interest pre viously paid as a means to that end The committee after hours of de bate last night and today adopted the resolution with only two dis senting votes i Ray Kelly corporation counsel for the city of Detroit and chair man of the Legions legislative com mittee said there would be no mi nority report False Start Delays Flight to Honolulu SUVA Fiji Islands Oct 24 A false start of the big plane Lady Southern Cross delayed the flight of Sir Charles KingsfordSmith and Capt P G Taylor to Honolulu un til tomorrow NEW YORK CONVICT IS STABBED IN HEAD WITH TABLE KNIFE NEW YORK Oct 24 wel fare island prisoner with a six inch blade of a table knife in his head and only the handle protruding walked away from a group of pris oners in the north wing cell block today and appealed to a guard for aid Although still able to speak the prisoner Joseph Fatigate 25 refus ed to identify hisassailant Attended by a physician he was taken to the Correction hospital on the island where the handle of the knife was broken off in the first attempt to remove it leaving the blade within his head RAIL PENSION IS RULED INVALID WASHINGTON Oct 24 The railroad retirement law enacted at the last session of congress was held unconstitutional today by Jus tice Alfred A Wheat in the District of Columbia supreme court Iowa May Get to Build Grade Crossings Herring Reveals His Plans for New Legislation The possibility that Iowa will in the next few days be allocated in federal funds for the construction of grade crossings was revealed by Gov Clyde L Herring on a visit to Mason City Tuesday night The governor who had appeared earlier In the day at Osage and spent the night here between speak ing engagements did not conceal bis utmost confidence in the out come on Nov 6 predicting a victory of 100000 majority for the admin istration in the coming election Discussed Plans Seated at the Hotel Hanford the governor discussed the plans of his administration for the future tak Tnrn to Ilin 3 Column Gov CLYDE L HERRING TRAIN RACES ON TO NEW RECORDS Streamlined Steel Streak Justifies Its Name in Dash East BULLETIN CHICAGO Oct 24 The v Onion Pacific streamliner dash ing from coast to coast reach ed the city limits of Chicago at p m today CHICAGO Oct 24 A stub nosed streak of steel the Union Pa cifics streamlined six car train raced toward Chicago today appar ently certain of justifying its offi cial name M10001 in setting a thousand and one records Officials claimed for it as it dashed across the broad stretches between Los Angeles and Chicago two outstanding marks one of the highest speeds ever reached by a passenger train the other the high est sustained speed for a railroad train over a distance of 500 miles Other records were for numerous stretches in between Splitting the night air between Cheyenne Wyo and Omaha the flying tear drop was clocked at a speed of 120 miles an hour over a two mile stretch Averages 107 Miles Over one 41 mile stretch in Wy oming it had been checked at an average speed of 107 miles an hour and for the 508 miles from Chey enne to Omaha it averaged 84 miles an hour Up in the bulbous nose of the train where a Diesel motor churns current for its electrically driven wheels three of the finest pilots of the Union Pacific handled the con trols in two hour shifts The streamlined speedster was due in Chicago at the La Salle street station at p m but of ficials here said they expected to see it back on track with no regard for superstition at 3 p m Rail Officials Speak During a half hour stop here it was to take on fuel while officials of the Union Pacific and of the Chicago and North Western roads speak The train changed to the North Western tracks at Omaha and was to leave here on the route of the New York Central The speeding train covered the 349 miles across Iowa in 353 min utes If it met the schedule set for it it would reach Chicago in more than five hours less time than was required for a similar trip by Death Valley Scottys famous spe cial train in 1905 Continuing on to New York onits schedule the streamliner will attempt to clip 14 hours off the transcontinental rec ord set by E H Harrimans spe cial train in 1906 Secretary Wallace to Visit His Mother DES MOINES Oct 24 Secretary Henry Wallace is to be in Des Moines tlis week where he will spend two days with his moth er Mrs Henry Wallace The secre tary was in St Louis today where he was to speak tonight before the American Civic association Follow ing his visit here he is going to Memphis Tenn to address a con ference of Baptist and Methodist laymen Saturday 35 PERSONS HURT NO ONE SERIOUSLY IN WRECK OF TRAIN FOWLER Ind Oct 24 Thirtyfive persons were injured none seriously early today as seven cars of the Cincinnati night express of the Big Four railroad were derailed a mile south of East Park Ind The engine five cars of the IS car passenger train passed safely over the east end of the Earl Parkswitch butthentire rear part of the train including coachs and pullmans left the rails jolted along the ties and several cars turned over One car was hurled about with its end extending over U S highway 41 an arterial road south out of Chicago blocking motor traffic TIMES CHECKED IN PLANE DERBY Dutchmen Second and Given Chance for First in Handicap Race MELBOURNE Australia Oct 24 unofficial check indicated to day that England s brilliant airmen C W A Scott and T Campbell Black finished first in the handicap as well as the speed race in the EnglandMelbourne derby The Dutch entry which came in today two hours and 42 minutes ahead of the American team of Col Roscoe Turner and Clyde Pangborn stands an excellent chance how ever of getting the handicap first prize of Under the rules for the derby a pilot cannot win prizes in both races but must between them Lose 10 Hours Ten hours los at Albury by K D Parmentier and J J Moll of the Netherlands probably cost them their chance of beating the Eng lishmens time in the handicap event Had they remained at Charleville or Narromine checking points this time would not have been counted against them All time spent between checking points counts as time in the air Should Parmentier and Moll get the 510000 handicap prize the sec ond prize of in the speed race would go to Turnei and Pang born At any rate the Americans are assured of the third prize in the speed race It will be some days before offi cial results of the race can be an nounced since times and pay loads must be checked For win ning the speed race Scott and Black get and a gold cup Reach Mount Isa Jones and Waller landed at Mount Isa at p m a m All movements given in eastern Australian Squadron Leader D E Stodart and K H Stodart of England reached Calcutta at p m a m Squadron Leader Malcolm Mac Gregor and Henry Waller of New Zealand arrived at Batavia Java at 10 p m 7 a m Lieut M Hansen of Denmark ar rived at Calcutta at p m a m RFC HEAD ASKS NATIONS BANKS TO LOOSEN UP Jones Delivers Plea of Administration to Convention WASHINGTON Oct 24 The nations bankers were asked by the Roosevelt administration today to lend more to the extent of making loans they would not ordinarily wish to make1 and loans that will need to be in dulged Jesse H Jones chairman of the Reconstruction Finance corporation which was organized to save banks and businesses earlier in the de pression made this plea before the American Bankers association con vention Though bankers say they have been eager to lend Jones declared there was indisputable evidence they have not done so as freely as they could Dolliir Best Money The Texas banker told his col leagues that the dollar is the best money any patriotic American can have and pledged the govern ments aid in an effort to loose the flood gates of credit There is no longer danger he said and the banker must do more than his full share toward national recovery As a token ot good faith the chairman indicated he would move to reduce the number of bank ex aminations to one a year He ex pressed the opinion that bank ex amination should be more lenient new campaign to refinance mort gages through finance companies using government funds nnd other wise explained the attempts to thaw credit Jones Throws Bouquet He threw a Bouquet to most of the delegates in urging that more control over banking be given the country of the dele gates are from comparatively small banka He said the country banker is still taking his cue from the city banker and that is probably the re verse of what it should be If we are to have remote control lets re verse it The chairman also held that a futher decentralization of credit control is worthy of consideration There is still a great deal of con centrated power he said and congress might look further into the question of interlocking direc tors and control by influence City Bankers Target This remark apparently applied to big city bankers who often have been the RFC chairmans target Jones enumerated the agencies available to the banks With a great abundance of credit and credit facilities available he said banks chock full of money the right to discount long time paper with the federal to borrow from the federal on all kinds of col lateral access to correspondents anxious to lend and the RFC ready to lend on favorable terms or to furnish capital stock at 35 per cent for five years and 4 per cent thereafter until retired from should make loans that are willing to carry for sev eral years President Roosevelt speaks to the convention at 9 p m tonight The business world is watching for in dications of future policy It will not be broadcast Cooks Are Essential It was Owen Meredith who said we may live without poetry music art conscience heart friends or books but civilized man cannot live without cooks It might be added that cooks cannot get along without cook books and here is a new one just off the press that will bring joy to the heart of the presiding genius of any Everybodys Cook Book available only through our Washington In formation Bureau Price 15 cents postpaid Order today Use coupon The Mason City Information Bureau Frederic J Haskin director Washington D C I enclose 15 cents in coin care fully wrapped for Everybodys Cook Book Name Street State Mail to Washington D C   

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