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Mason City Globe-Gazette (Newspaper) - October 29, 1934, Mason City, Iowa NORTH IOWAS DAILY PAPER EDITED FOR THE HOME THE NEWSPAPER THAT MAKES ALL NORTH 1OWANS NEIGHBORS HOME EDITION VOL XLI FIVE CENTS A COPT ASSOCIATED PRESS LEASED WIRE SERVICE MASON CITY IOWA MONDAY OCTOBER 29 1934 TH18 PAPER CONSISTS OF TWO SECTIONS SECTION ONE NO 15 SEC Aims at Pleasing Employes Polite to Questions Put by Reporters By HERBERT PLUMMER ASHINGTON Oct 29 If Veteran n e w s gatherers around Washington long accustomed t o the reactions of government em ployes when plied with questions of public interest confess to amazement when visiting the new securities c o in mission Whether con tact is made in person or by tel ephone the im pression gained is much the same Theres an air of studied eagerness to please on the part of employes s there USThus far there have been few ob it bus manifestations of SECs dele rated job of changing certain hab of stock brokers and the secun exchanges on Wall street but here can be little doubt that Wall Ireet has exerted a big influence on the manners and habits of Penn sylvania avenue in Washington be tween Seventeenth and Eighteenth headquarters A cheery good afternoon or good morning from a pleasant switchboard operator greets those who communicate by phone Secretaries greet the caller with smiles The big business atmosphere of We aim to please is prevalent everywhere i Washington reporters who have covered the financial district of New York say they have only to close their eyes at SEC to think they are covering the street once again Those HOLC Bonds Ask officials of the home owners loan corporation if you would know noWJpngit takes the American peo nese days to get next to a a its actioniii guarantee U1B Liie principal as well as interest on the some two billion dollars m HOLC bonds Yet say HOLC offi cials relatively few investors are aware of the fact It is desirable says Chairman Fahey that steps be taken to de velop a progressively broader and better informed demand for these bonds among private and institu tional investors The bonds are now selling at distinctly attractive lev els compared with other bonds of similar merit The interest return of more than 3 per cent makes them a desirable investment for people of small or moderate means as well as for substantial individual and cor porate effort Forced Liquidation HOLC bonds are exempt both principal and interest from federal state municipal and local taxes except surtaxes estate gift or in heritance taxes now or hereafter imposed Despite this and the fact they can be bought in denominations as low as S25 they are slow in being taken up Incidentally Chairman Fahey has explained why HOLC bonds have been selling at below par lately New bonds he says are being given in exchange for mortgages at the rate of about a month Many of these bonds by the very nature of HOLC form of relief go to closed financial institutions and other holders which must liquidate the bonds in settlement of their obli gations The necessity for liquida tion forces a turnover of the bonds he explains regardless of their in vestment value as guaranteed obli rations of the government PACIFIC FLYERS REACH HONOLULU Government Rests Case Against Samuel Insull FORECAST IOWA Generally fair and continued cold Monday night and Tuesday MINNESOTA Generally fair and continued cold Monday night and Tuesday IN MASON CITY GlobeGazette weather figures for 14 hour period ending at S oclock Monday morning Maximum Sunday Minimum in Night At 8 A M 50 25 30 Weather figures for 24 hour per iod ending at morning 8 oclock Sunday Maximum Minimum in Night At 8 A M 54 23 27 Mason City got its first real kill ing frost Saturday night Even the hardier flowers and other plants rere unable to withstand the tem perature almost 10 degrees below he freezing point DEFENSE TAKEN BY SURPRISE AT SPEEDY WINDUP Case Concluded After Reading Minutes of Firm Meeting CHICAGO Oct 29 gov ernment today rested its case in the trial of Samuel Insull and his 16 codefendants accused of mail fraud in the collapse of the 000000 Corporation Securities com pany of Chicago The end of the governments pre sentation of evidence came with dramatic suddenness as Dwight H Green United States district attor ney completed a reading to the jury of the minutes oj the last meeting of the Corporation Securi ties company in which it was unani mously voted not to fight the peti tion of Frank B Schoenman for the appointment of a receiver for the company Taken by Surprise The defense was taken by sur prise by the governments sudden action Before the opening of the days session Green had said that he hoped to be through with his case by Wednesday but that he ex pected the defense to devote most of the day to a crossexamination of Harold Huling government ac countant Floyd F Thompson chief of the defense attorneys indicated that he was astonished by Greens speedy windup The government completed its case at a m 27 days after the start of the trial The last government witness was Dr Roy B Kester professor of ac counting at Columbia university Accountant on Stand After stating among his qualifi cations that he was a certified pub lic accountant the author of many text books on accounting a con tributor to the Encyclopedia Brit tanica and was listed in Whos Who he was questioned by Leslie E Salter special assistant to the attorney general What would be the effect on tne earnings accounts if stock divi dends were taken on the books of a company as income Salter asked It would result in showing ficti tious earnings Dr Kesters testimony was de signed by the government to up hold charts it presented last Fri day and Saturday showing that the company had actually suffered losses in 1929 and 1930 when the companys reports showed net earn ings Ask Directed Verdict Frederick H Burnham counsel for Stanley Field one of the de fendants immediately began to read to Federal Judge James H Wilker son a motion for a directed verdict of not guilty for his client Opening statements by Thomp son and other defense attorneys were to follow the presentation of motions for directed verdicts By an unusual ruling Judge Wilkerson at the start of the trial permitted the defendants to defer their open ing statements until the close of the governments case Judge Wilkerson explained that he permitted the deferred state ments because the government had furnished the defendants with no bill of particulars ASSASSINATION LEADER SEIZED Mihailoff Sought in Death of Alexander Arrested in Turkey SOFIA Bulgaria Oct 29 Ivan Mihailoff leader of the dreaded Macedonian revolutionar ies sought in connection with the slaying of King Alexander of Yugo slavia has been arrested in Turkey said advices reaching diplomatic circles today from Istanbul Both Mihailoff and his wife were taken into custody according to the advices They recently fled from Bulgaria into Turkey It was reported that both Bul garia and Yugoslavia are demand ing Mihailoffs extradition for mur der on charges that he prepared Alexanders assassination at Mar seilles 2Kanawha Persons Die in Mishaps Woman Killed as Cars Collide Fisherman Fatally Hurt Two Kanawha residents were fatally injured Sunday one while riding in an automobile and anoth er while fishing Mrs Fred Abbas died Sunday evening in a Belmond hospital after she and four others were injured Lawrence Kinseth was hurt while fishing near Bode His body was found in the watei1 and it was first believed he had been drowned The accident in which Mrs Ab bas 30 was fatally injured oc curred Sunday morning Her hus band and two children also received minor injuries when the car driven by her husband collided with the car driven by Everett Wicks 5 miles south and 2 miles west of Kanawha The car driven by Abbas hurtled through a bridge railing and went into a dredge ditch when the automobile met and Mrs Abbas was thrown from the car by the impact Never Regained Consciousness Mrs Abbas failed to regain con sciousness suffering from a broken arm skull fracture and internal in juries She was taken to a Belmond hospital following a preliminary ex amination by a physician at Kan awha Wick received minor injuries Mr Abbas and the two children were badly bruised but the injuries were not of t serious nature accord to Cars Are Demolished Both cars were demolished It was not known what caused the collision but the crash was so re sounding that it was heard by per sons seated in the Wright Chris tian church some distance away Fred Reitema one of the church joers took the injured persons to Sanawha The Abbas family was on the way to church when the ac cident occurred Surviving Mrs Abbas are her lusband and two children Donald 8 and Audrey 5 her mother Mrs A Faulkerts of Kanawha two irothers and three sisters She had lived in the Kanawha community all her life Funeral arrangements have not been completed but rites will be conducted Wednesday Body Found in River The body of Kinseth 26 was found in the Des Moines river near Rutland He and his wife and infant daughter had gone to Bode to visit his mother Word was sent to Kanawha Sun day afternoon that a body had been found in the river and that Kin seths name was on the auto regis ration card in a car parked near ly Later he was identified No Water in Lungs An investigation was made Sun day night when a bruise was found on his forehead and no water in his ungs It was later believed how ever that Kinseth had been fishing rom a tower along the river and Turn to Fuse 3 Column 4 HUEY LEADS BAND ON GRID TRIP A grand time was had by everyone especially Senator Hucy P Kingfish Long shown here leading a personally selected orchestra from the membership of the Louisiana State university band on the train he chartered to carry hundreds of fans to the Vundcrhllt Kline nt Nashville Tenn won by Louisiana IiU0 Huey financed the trip for the 125 piece band and more than 1500 cadets of the university As sociated Press Gandhi in Farewell Speech as Member of Nationalist Congress BOMBAY India Oct 29 Mahatma Gandhi officially retiree at dawn today from Indias all nationalist congress politics In a farewell speech he told 80 000 person attending the congress for a final session God knows when I shall speak from this plat form again The wiery little ascetic marked the end of his leadership with an hours speech in support of a scheme for reform of the congress constitution His plan was subse quently adopted by as overwhelm ing vote Stock Exchange in Red for Last Year WASHINGTON Oct 29 The Nw York stock exchange where millions are made and lost operated in thered last year The biggest securities mart in an unprecedented and voluntary publi cation of its year end balance sheet disclosed last night it lost S287 98674 in 1933 The exchanges fig ures published at its own request yesterday by the securities ex change commission showed it spent Sl242o7431 last year and took in only BANKS BEGIN TO SHARE BURDEN CCC Reports Getting Fewer Requests for Loans on Stored Corn WASHINGTON Oct 29 Signs that bankers are beginning to shoulder some of the govern ments burden of farm credit were announced today by officials of the Commodity Credit corporation They referred to loans on corn stored on farms Requests for loans received by the corporation are only a fraction of last years num ber though practically the same amount of corn is going under warehouse seal Up to Saturday loans totaling had been made at 55 cents a bushel Of this amount the Commodity Credit corporation had advanced only Corn Loans Sound Bankers in the midwest and other corn growing sections have learned that loans on sealed corn are a sound investment and are taking a large share of the burden out of our handr one high corpor ation official declared Last year the government lent about 60 per cent and private banks about 40 per cent of the advanced to farmers Private banks were able to redis count notes on sealed corn with the Commodity Credit corporation if they needed to liquidate the paper the same privilege will be extended this year but at slightly less favor able interest rates Ask Chattel Loans Officials regarded the renewed interest in chattel loans as a fore runner of activity by small banks in farm and other small short term credits In thousands of cases an offi cial said farmers who handle their government corn loans through lo cal banks are approached voluntar ily by the bankers and offered loans at practically Commodity Credit corporation terms Demands Modified by Dye Union Leaders FATERSON N J Oct 29 Modified demands for submission to employers were drafted today by union leaders seeking a settlement of the strike of 20000 silk and rayon dyers With employers refus ing to accede to the demand for a closed shop it was indicated that the strike leaders would express a willingness to accept a preferen tial shop Alcorn Expects to Go to Leavenworth SIOUX FALLS S Dak Oct 29 Alcorn under life sen tence in conection with the Boett cher kidnaping says he expects to be taken to Leavenworth peniten tiary to serve his term because be fears other prisoners at Alcatraz prison I SR OMED FREED U S to Appeal Decision on Removal of Father of Kidnap Suspect NASHVILLE Tenn Oct 29 7PJ H Robinson Sr accused at Louisville in connection with the kidnaping of Mrs Alice Speed Stoll society matron was released from custody today Commissioner Julian when U S H Camobell refused to order his removal to Kentucky for trial A short time after his release was ordered however the department of justice in Washington announced it would appeal to a federal district court in Tennessee to remove the senior Robinson to Kentucky for trial in the abduction case Robinson father of the 27 year old man sought throughout the na tion as the actual kidnaper has been under bond pending Commissioner Campbells decision on the governments removal appli cation No Reasonable Suspicion From all the facts before me the commissioner said in a prepared opinion I find not only that there is no probable cause to believe Thomas Henry Robinson Sr guilty but no fact to reasonably believe a suspicion of his guilt Robinson and his son and the lat ters wife are under indictment in Louisville and Mrs Robinson Jr is in custody there awaiting trial M S Ross attorney for the senior Robinson made this com ment on Campbells decision Of course I am very much gratified at the outcome and feel that justice has been done Speak ing for my client the very able de cision of Commissioner Campbell confirms the faith and confidence that he has always had in the courts of justice Telephones His Wile Immediately after the decision freeine him had been read Robin son Sr rushed to a telephone to advise his wife In his decision Commissioner Campbell said The government admits that this defendant is only sought for trial at Louisville Ky on what he did or might have done before the actual kidnaping as a conspirator It results that it is my duty to refuse to order Defendant Thomas H Robinson Sr held for removal Let the defendant be discharged F R CALLED ON TO HELP SETTLE UNION TROUBLES 2200 Jobless Because Cleveland A and P Stores Closed BULLETIN CLEVELAND Oct 29 Representatives of hibor and the Great Atlantic and Pacific Tea company will meet with the national labor rc lalions hoard in Washington to consider the controversy which caused the company to close all of its stores and warehouses In Cleveland CLEVELAND Oct 29 ident Roosevelt was called on by em ployes of the Great Atlantic and pa cific Tea company chain stores in Cleveland and suburbs to intervene in the dispute with seven local unions which resulted in the closing of approximately 300 stores and two warehouses Approximately 2200 employes had no work today because of the clos ing order as mediators sought to get officials of the grocery chain to rescind their decision to abandon Cleveland business operations As some 400 employes gathered at the companys Croton avenue warehouse there was much activity inside Foodstuff and equipment was loaded aboard freight cars for shipment to other cities It was at the warehouses that picketing was started last week which officials of the company said prevented move ment of merchandise by trucks to stores and resulted in the closing order The employes who gathered at the warehouse today indorsed a resolu tion written by L A Yesberger of the bakery department in which it was declared that the employes are not affiliated or desirous of being affiliated with the American Federation of Labor not because of intimidation but because of certain policies of the labor movement The resolution said the tactics of the A F of L and the indiffer ence of the police department are responsible for the closing of the stores INVITED TO MEETING WASHINGTON Oct 29 William Green president of the American Federation of Labor said today the national labor relations board had invited representatives of the workers and of the Great At lantic and Pacific Tea company to meet with the board tomorrow in an effort to settle the labor dispute in Cleveland A telegram asking federal inter vention in the dispute over opera tion of the A and P stores in Cleve land was received today by Presi dent Roosevelt from the employes and referred to the national labor relations board Federation Investigates A short while before the Amer ican Federation of Labor said it had sent James Wilson of Cincinnati a former vice president of the fed eration to Cleveland to investigate the troubles there which led the company to close its stores There was no indication what position the government would take on the request The national labor relations board and Hugh L Kerwin director of conciliation for the department of labor keptHI touch with the situa tion by telephone Labor Men There Wilson is a Cincinnati city com missioner former president of the pattern makers union and a mem ber of the public works administra tion board of labor review The labor board said the dispute was being handled for the present by Ralph A Lind director of the Cleveland regional labor board A L Faulkner labor department conciliator stationed at Cleveland had been cooperating with Lind Youths Try to Hold Up Policemen Slain CHICAGO Oct 29 youths were shot and killed early to day by two detectives who said the boys mistook them for customers in a tavern and tried to hold them up One of the officers was seriously wounded Before he died one of the victims stores after the Great Atlantic and Pacific Tea company had closed 2fi STRIKE IN MILWAUKEE MILWAUKEE Oct 29 Strikes were called today among meat cutters in 47 Milwaukee chain pave his name as Maurice Stcll 16 Omaha and the other was identified as Joseph Vorachek 22 Chicago The wounded detective was John Lamb of Its meat departments In addition to 38 A and P stores nine stores of the Kroger Grocery Turn to 3 rolimui M in Sales Tax to Aid Poor Allocated to General Fund of State DES MOINES Oct 29 cation of a total of in receipts from the state retail sales tax to the emergency relief general state and administration funds was announced today by Gov Clyde L Herring A total of was turned over to the relief fund completing the transfer to that fund of the 000000 allowance made by the gen eral assembly for relief purposes out of the sales tax revenue The state general fund received 552214020 the payment bringing up to about onethird of the first quarterly alotment it is expected to receive from the tax receipts The total amount expected to be turned over to the general fund is 000 Back to Board The allocation back to the state board of assessment and review for administration of the tax laws amounted to Governor Herring today also an nounced the allocation of from the state emergency relief funds to the state emergency relief October expendi committec for tures This amount included for general relief and for a spe cial Pottawattamie county fund to be used for various expenditures such as for medical care for which federal funds may not be used Similar Apportionments Prior to the allocation to the emergency relief fund today two similar apportionments had been made The first on July 31 amount ed to and the second a month later totalled Two previous allotments had been made to the board of assessment and review on the same dates the first amounting to and the second Todays al location brings the total adminis tration fund to In addition there was paid out last Wednesday a sum of collected from various counties as sales tax on relief items which the state board ruled was returnable after the purchases and tax pay ments had been completed FILM OPPOSITION PROBE DEMANDED Sinclair Asserts Industry Is Source of False Propaganda SAN FRANCISCO Oct 29 A demand for a congressional in vestigation of alleged antiSinclair activities of movie interests and a warning against republican over confidence came today from the rival camps in Californias bitter election campaign The investigation was demanded by Upton Sinclair former socialist making a bid for the governorsnip as the democratic nontmee He charged the motion picture inter ests with distributing false propa anda against him In telegrams to United States Senator David I Walsh of Massa chusetts and Congressman Wright Patman of Texas Sinclair said a Hollywood paper which he de scribed as the official publication of the motion picture interests had openly boasted that Louis B Mayer producer C C Pettijohn genera counsel for the Motion Picture Pro ducers and Distributors of Ameri ca and others had entered a war against me He asked that the proposed in vestigation be conducted regardless of the outcome of the election to the end of federal supervision as was effected in the meat packing industry through my activities in 1906 TAKE 25 HOURS FIVE MINUTES IN HOP FROM SUVA Kmgsford Smith Does Repeat of Acclaimed 1928 Feat HONOLULU Oct 29 Wing Commander Sir Charles Kingsford Smith landed at a m today p m EST at the army air base at Wheeler field completing his second successful flight between Hawaii and Fiji Already the first to span the ocean by air from California to 1923 feat which brought him international recogni tion and Smith added new laurels today by flying from Naselai Beach 20 miles from Suva to this field in 25 hours five minutes The plane Lady Southern Cross swooped cleanly to the field After the all day and all night flight in which KingsfordSmith and his nav igator Capt P G Taylor cut across both the equator and the in ternational date line they came in under wraps throttling the motor to approximately 100 miles an hour for the last 300 miles of the flight Cramped and Weary A crowd of about a thousand which had driven the 30 miles to the field from Honolulu hung lois fra grant flowers about the necks of the aviators as cramped and weary they tumbled from the cock pits of the single engined low winged monoplane They said they did not sight land until very close to the Archipslago Heavy clouds blisalieted tH5 islands but with regular shots at the they held strictly to their course until the oblong shaped island of Molokai loomed through the clouds The big plane arrived over Hono lulu 24 hours and 50 minutes after leaving Fiji and landed 15 minutes later making the total time 25 hours and 5 minutes Three Principal Laps On the 1928 flight the then Cap tain KingsfordSmith and three others including coPilot C T P Ulm Navigator Harry W Lyon and Radio Operator James Warner flew a trimotored rebuilt monoplane originally designed for an Arctic expedition to Australia in three principal Oakland to Wheeler field from the baking sands on Kauai island to Suva Fiji and from Nasdai beach to Brisbane It was agreed that time that the HawaiiFiji section of the flight was the most hazardous due to utter lack of weather reports and the sud denness with which equatorial storms form Kim Into Storm This morning a storm was en countered in the vicinity of the equator and even at 15000 feet al titude it gave trouble before the storm zone was passed The aviator said his trip paves he way for the establishment of an air service linking the United States and Australia I did the pioneering work along Turn I 3 Cilunin 3 A New Cook Book There is good mincemeat on the market of course but none of it will be found as satisfying as the mincemeat made in your own kitch en especially if you follow the recipe on page 47 of Everybodys Cook Book This recipe is original and has been used for many years in a home where its a joy to visit on Thanksgiving Christmas and other feast days And dont forget that this is mincemeat making season It should be made now and given time to ripen and mellow But this is only one of the remarkable collection of recipes found in this new publica tion of our Washington Informa tion Bureau Youll find one for every possible culinary need The price is only 15 cents mere cost and handling charge Use this coupon Democrat Is Solicited to Aid GOP Drive ROCHESTER N Y Oct 29 tT j headquarters had a I laugh at its own expense when it icj ceivcd a letter from former county judge William F Lynn a staunch i and lifelong democrat Judge Lynns I name was inadvertently added to a mailing list of potential subscribers to the republican war chest and he promptly replied with R donation I of a rubbrr sio bill The Mason City GloheGaTCtte Information Bureau Frederic J Hnskin director Washington D C I inclose 15 cents in coin carefully wrapped for Ev erybodys COok Book Name Street T City Stats Mail to Washington D C
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