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Mason City Globe-Gazette (Newspaper) - November 30, 1936, Mason City, Iowa NORTH IOWAS DAILY PAPER EDITED FOR THE HOME THE NEWSPAPER THAT MAKIS ALL NORTH IOWANS NEIGHBORS HOME EDITION VOL XLIII F1VK CENTS A COPT ASSOCIATED PRESS LEASED VVjKJl SKKV1UJS MASON CITY IOWA MONDAY NOVEMBER THIS PAPER CONSISTS OF TWO SECTION ONE NO 47 STEWART HAD IDEA Federal Incorporation of Big Business Proposed By CHARLES P STEWART A S H I N GTON CPA Two or three years ago I wrote an ar ticle suggesting that big busi ness was crush ing relatively small private business initia tive and pro posing a reme dy based on my own admitted ly small knowl edge of the sit uation My notion as expressed was that a business which is not too large to b handled by an in dividual or a partnership ought to have a free hand within reason able limits but that a business so huge RS to necessitate incorpora tion was so huge as to require governmentalization for the pub lic safety I all sections clearly show thut To my surprise I received about j people are buying this Christmas F R ARRIVES AT BUENOS AIRES More Expensive Christmas Gifts Being Sold BUYING BIGGEST IN SEVEN YEARS ROPER ASSERTS Bonuses and Dividends of Business Stimulating to Trade WASHINGTON Roper said Monday that reports to the commerce department irom half a bushel basketful of letters not from radicals but from bank ers and accounting agencies com mending my idea in principle To be sure the writers said I was mis taken in advocating government alization but they agreed with remarkable unanimity that lim ited liability companies engaged in interstate activities ought to be federally incorporated Federal Incorporation more expensive types of gifts than for any season since At the same time Roper made the first comment from an admin istration source on recent heavy dividend declarations He said the unprecedented distribution of j corporation funds through bonuses and extra dividends is a most stimulating factor in the Christ I mas buying surge i Progress on Christj j mas business the secretary said i Recently under the new deal a support previous predictions that movement has been launched in department store sales this season favor of a federal law I am not so conceited as to as sume that I inspired this move menl There began to be an agitation in favor of a federal incorporation law at least as far back as the first President Roosevelts administra tion It never got anywhere I suppose the big corporations chlor oformed it However in the much earlier days of the republic the question arose Had the federal government the right to charter national banks Thomas Jefferson certainly a democrat said not His argument was that the constitution did not authorize it Alexander Hamilton a tory argued contrariwise His reasoning was that maybe the con stitution did not authorize national banking but it did not prohibit it either Hamilton Wins Out Hamiltons philosophy won out in the long run National banking and the fed eral chartering of interstate cor porations are on a par many competent and constitutional authorities say What is the present system incorporation i will be at least 15 per cent great i er than in 1935 and will closely approach the volume attained in the 1929 People More Prosperous Our reports give evidence of the fact that people throughout the country are in a much more prosperous condition now than has been the case for the last seven he continued The general uptrend of busi ness more widespread employ ment and better prices obtained by farmers have been major fac tors in stimulating this holiday trade to the highest levels in sev eral Analyzing reports from trade centers a commerce department summary said that there have been very definite indications in the last few weeks that New Yorkers are no longer penny pinching and that rnoney in in creasing amounts is being spent on goods other than Trade Gain Seen The unexpected money pump ed out in extra dividends in New York it was said is finding its way into purchases of fur coats jewelry furniture and automo In Chicago the summary con I tinued trade volume this Christ A vast corporation intending toj mas will top 1935 by 12 per cent engage in interstate business has its choice of the laws of 48 dif ferent states to be incorporated under Some are very strict with their regulations some are very lenient toward the corporations Most of them elect to incorpo rate in Delaware where they are treated with much consideration From that vantage point they op erate under the kindly Delaware only in Delaware but in all of the other 47 states where laws are not so considerate of them A federal law would equalize i them i x Safe and Sound Delaware corporation operat ing exclusively within Delawares limits would be safe and sound so long as it respected Delawares easy regulations But the instant it extended its trade beyond Dela wares boundaries it would jeop ardize its federal license And very few Delaware corpor ations care to have their activities conOned to Delaware exclusively It may seewf as if big corpora tions should fight to the last ditch such a readjustment Curiously enough they do not altogether care to do so Federal might permit them to effect price bargains and wage agreements that now are prohibited by interstate commerce rulings And then they would more money maKe but increases in some luxury lines will reach 50 per cent Reports on luxury buying from other ci ties in luxury lines will range from per cent for furs to 100 per cent for gift articles generally furs and other de luxe merchandise ex pected to top last year by 10 per cent automobiles will be bought in greater volume for gifts More Buying Seen buying of automobiles furs radios and higher priced apparel forecast I ness expected to reach alltime high with general improvement in quality holiday transactions average 25 per cent over last year with all lines of luxury goods selling in much greater volume than in recent make ex cellent gains as general rise of 15 per cent over last year is seen in holiday business priced articles in greater demand than last year and bonus payments bring greater demand for quality merchandise as 15 per cent climb in retail trade is predicted LOOK INSIDE FOR EDWARD F McGRADY Persist in Maritime Strike Peace Efforts ON PAGE 2 Possible Governorship Contest Steps Taken ON PAGE 10 AllStaters Coaches to Be Dailies Guests ON PAGE 11 Russiajapan Clash Incident in Situation PAGE 4 COL 2 GRAFT CHARGES WILLfiE AIRED Operator of Des Moines Theater Goes Before Grand Jury DES MOINES Bron son operator of a Burlesque the ater here went before the Polk county grand jury Monday to tell his story of what he said was an attempt of a public safety de partment official to collect a campaign Mayor Joe Allen said Monday he would give Safety Commis sioner Henry Hssbroutrk a chance to discuss the charge before iie city council Ill bring this charge before the Mayor Allen ex plained and give Commission er Hasbruock an opportunity to explain it This County Attor ney Carl Burkman said cli maxes a series of payoff rumors which have been circulating for months I think it is past time they were Hasbrouck declared he would be glad to cooperate with any one who has any evidence of any payoff connected with my depart FREE GOVERNOR ON BAIL Accuse Him of Concealing Thefts From Vermont Bank He Heads RUTLAND at torney Asa S Bloomer issued a warrant Monday against Gov Charles M Smith president of the Marble Savings bank charg ing him with concealing thefts The governor was released on bail without being ar raigned NOW The GlobeGazettes Annual GIFT SEEKERS GUIDE On the Want Ad Page and an Unique CHUCKLE CONTEST TURN TO THE Want Ad Page FOR DETAILS Former Gov Green of Michigan Dies MUNISING W Green 64 twice governor of Michigan died early Monday The Weather FORECAST IOWA Fair Monday night and Tuesday slightly colder in extreme western portion Tues day MINNESOTA Mostly cloudy Monday and Tuesday snow probable in northeast portion Monday night and Tuesday and in northwest Monday night not quite so cold in northeast por tion Monday night somewhat colrkr in northwest portion Tuesday afternoon IN MASON CITY GlobeGazette weather figures for 24 hour period ending at 8 oclock Monday morning Maximum Sunday 32 Minimum In Night 17 At 8 A M Monday 17 Figures for 24 hour period end ing at 8 oclock Sunday morning Maximum Saturday 39 Minimum in Night 16 At 8 A M Sunday 20 REBEL PLANES DROP BOMBS ON MADRID EDGES Failure to Attack Center of City Is Puzzle to Mili tary Men MADRID fP Insurgent planes raided the capital twice Monday bombing government lines in the university section and along the Manzanares river The fascist b i r d m e n then wheeled back to their bases with out attempting to bomb the cen ter of the city At Gibraltar it was reported a warplane bombed insurgent held Algeciras Monday The explo sions from three bombs could be seen plainly from Gibraltar The failure to take advantage of perfect bombing to attack the heart of Madrid itself puzzled military circles The gov ernment poinfed to the maneuver as the that the back of the insurgent attack on Madrid had been broken Socialists Jeer Socialists jeered the insurgent Commander Francisco Franco saying A general who hesitates is Late in the afternoon the insur gents after considerable firing in Casa de Campo across the Man zanares river began dropping shells in the center of Madrid while their left flank opened an attack on Humera from Pozuelo de Alarcon This was the mission that Pozuelno de Alarcon commanding a government com munication line on the northwest had been taken by the fascists Pozuelo is about 7 miles north j west Madrid and Humera lies j on a parallel branch highway a short distance to the southeast toward Makes Flying Visit However the fascists seemed unable to drive the government troops from strategic emplace ments in a cemetery between Po zuelo and Humera Foreign Minister Alvarez del Vayo made a flying visit to Mad rid from Valencia presiding at a defense junta meeting at which the question of a further unified command was reported discussed Visiting laborite members of the British parliament spent the day interviewing prisoners One they said told them he was an Italian Luigi Cosi 21 and that he had been sent from Genoa to fight with the insurgents along with three officers 50 men and a bat tery of 15 three inch guns Most of the men he was quoted as saying were members of the tenth artillery regiment at Rome Scheme Meets Approval The M were attempting to revolve a scheme for the evacua tion of the noncombatant lace using meter cars under the supervision of foreign neutrals Defense authorities said the scheme met with their approval The first insurgent air raid shortly after midnight loosed high explosive bombs around the Paseo de Resales I Returning in midmorning the bombers eluded a squadron of gov ernment pursuit planes guarding the capital and dropped 10 pro jectiles mainly along the Univer sity and Casa de Campo entrench ments Informed military circles attri buted the failure to bomb the city proper to lack of gasoline and the fear of Francos mercenary pi lots to risk battle with the gov ernments now determined avia Capital Is Optimistic A general feeling of optimism I was felt throughout the Informed circles said that the gov ernment was considering turning the defense into an attack and ending the ctiys agony of siege Slight advances of the interna tional brigade in the University area in the northwestern part of the city and of the militia in the Casa de Campo coupled with Francos failure to carry out his alleged threat to bomb the center of Madrid bolstered the defend ers spirits Signs of demoralization spread ing through the fascist ranks offi cials said were evident from the aspect of prisoners recently cap tured Risks His Support General Franco government sources said even was running the risks of losing support from Italy and Gennany whose prestige was involved in the speedy capture of Madrid Failure of to break Where President Stays in Buenos Aires President Eoosevelt stays in this building the U S embassy during his visit at the InterAmeri can peace conference at Buenos Aires Argentina The handsome purchased by the U S from the former Argentine foreign minister Ernesto Bosch for a reputed MURDER CHARGE FILED AT ADEL Patterson Accused as His Brother Dies After Shooting ADEL Clint A Knee filed a murder charge here Monday against Emmett Patter 50 accusing him of the fatal ATva 44 last Wednesday Alva died in Mercy hospital at Des Moines Sunday The shooting climaxed a quarrel between the brothers over the farm their father left their in valid 74 year old mother Sheriff Knee said Emmett ad mitted shooting Alva because he threatened to have ma will me out of my share of the Learning of his brothers death Emmett said I feel awful sorry on mas ac Death Toll Is Heavy in Auto Mishaps Dunkerton Man Is Fined Costs for Alcohol Running WATERLOO when he drove into his home garage at Dunkerton at 3 a m Sunday with 48 half pint bottles of al leged Illinois alcohol William Axtell 37 Monday was fined and costs Axtell said he turned to alco hol running to supplement his small wage as a section support a family of nine Mitti mus was withheld New All Time High Traffic Death Toll of Is Seen CHICAGO National Safety council marked up its 1936 traffic death total to the first 10 months calculated that at the same rate would die before Jan 1 That would be a new all time high exceeding the record of of 1935 In the first 10 months of 1935 the death count was U S Navy Launches Another New Cruiser BROOKLYN by a crowd of the new United States navy cruiser Brooklyn was launched Monday at the Brooklyn navy yard Miss Kathryn Jane Lackey daughter of Rear Admiral Frank R Lackey commander of New York state naval militia swung a champagnebottle against the knifelike prow to christen the third warship of that name in American naval history through the government defenses might well cause Italy and Ger many to wtihdraw their active help theorized Heavy government artillery fire was reportedfrom the Astu rias sector on the northern front Miguel insur gent general headquarters at Gra do just west of Oviedo these re portssaid was hit during the bombardment Theater Manager at West Bend Found Shot to Death in Home Cash en 39 a moving pic ture theater at West Bend was found shot to death in his home there Sunday afternoon A charge gauge shotgun pene trated his body 3 inches below his heart The gun was found nearby Cashens body with pow der burns on it was discovered by two theater employes in the living room of the house The em ployes were seeking Cashen to find out about some films to be shown in the theater Sunday aft ernoon Deputy Sheriff Tom McCaffery and Justice Glenn Hoobler of Emmetsburg were summoned to West Bend in the absence of Sheriff Bert Montgomery and Dr J W Woodbridge coroner who were out of town Sunday The officers said that Cashen was fully clothed but not in hunting clothes and that he probably lived several hours after the shooting A family named Hopkins who live on the second floor of the Cashen house said that they were home earlier in the day but heard no shotg Open Verdict Returned Whether the tragedy was a sui cide oran accident is hot known No motive for suicide was discov ered Following an inquest an open verdict was returned Cashen came to West Bend last June from McCook Nebr With his wife and one child he had spent Thanksgiving at McCook He returned to West Bend Friday his family remaining at McCook for a longer visit Thirteen persons were victims of shooting coasting and automo bile accidents in Iowa during the last week Five persons were killed in highway accidents sending the states automobile death toll to 447 for 1936 Kenneth Anderson 16 died in a Chariton hospital Monday of gunshot wounds suffered acciden tally Sunday while hunting foxes James Fluke and Harry Ferrick also out hunting found Anderson hanging head downward from a tree near Chariton his left arm shattered and his left eye shot away by a shotgun charge They said he had tied a chicken at the foot of a tree and then climbed into its branches to wait for a fox Authorities said Anderson ap parently slipped discarging the gun and that as he fell his foot caught in the fork of a limb Albert Goldworth 34 of Tama was fatally wounded near there Sunday night in a hunting acci dent See Rabbit Near Road Goldworth driving with his wife his brotherinlaw James Hamiel and Kamiels wife and children saw a rabbit near the road As he stopped the car Hamiel opened the door to get out and his shotgun discharged accident ally The load struck Goldworth in the head Coroner Harvey Jones said Goldworths death was accidental Goldworth is survived by his widow and two small children Thomas Clark 24 Clinton was run over and lulled by a freight train early Sunday at Princeton Two youngsters were accident ally shot by companions Jimmy Smith 14 shot and lulled his brother Tommy 11 while bunting rabbits near Keokuk Robert West 14 was fatally wounded by his chum Norman Wymore 12 at Webster City Crushed by Log Ed Linhart 45 farmer near Montouc was killed while sawing wood A log rolled over him and crushed his chest The automobile victims were Darrell Chapman 13 Mason City coasted under the wheels of a truck Dorothy Farmer 23 of Arling ton fatally injured in Thanksgiv ing night Frank Dauffenbaugh 45 of Mankato killed when his car turned over into ditch near Fort Dodge Mrs B W Johnson Fort Dodge killed in headon collision Luella Remke 17 of Stanwood killed Sunday night when the car in which she was riding was struck by the Northwesterns streamline train at a Stanwood crossing ROOSEVELT NOT TO RUN AGAIN To Retire to Hyde Park in 1941 Creel Magazine Article Says NEW YORK Roosevelt was represented Mon day as standing firmly against seeking a third term George Creel a former co worker of Mr Roosevelt in the Wilson administration quoted the chief executive in an article to be published in Colliers maga zine as saying On Jan 21 1941 when a new president takes over I will be in Hyde Park having the time of my The publishers of the magazine described the article as authori tative 21 DAYS LEFT BUY CHRISTMAS STOCKWGS FOR CROWDS CHEER AS HE RIDES TO U S EMBASSY Weather Hot and Hazy on Typical Day of Early Argentine Sumpier By PAUL SANDERS BUENOS AIRES Roosevelt reached Buenos Aires Monday to receive a riotous and happy welcome from hundreds of thousands of Argentines Tuesday he is to open the inter American peace conference which grew out of his own initiative and at which 21 American republics hope to lay the groundwork for permanent peace in the western hemisphere Ending a 12 day trip from Charleston S President Roosevelt disembarked from the United States cruiser Indianapolis at p m a m As he drove along the 50 block route to the United States em bassy with Argentine President Augustin P Juslo enthusiastic spectators broke through police lines in an attempt to reach the automobile Police Use Batons Police used their batons to re strain several overjoyous Argen tines and mounted officers rode at the mob their sabers drawn to force it back Shouts of Roosevelt Roose velt went up as the crowds hailed the United States executive as an apostle of peace The weather was hot and hazy typical day of early South American summer At the United States embassy his home during his visit Mr Roosevelt bade farewell to Presi dent Justo which he was to call m Asthe Indianapolis sailed up the harbor and docked at the flower bedecked pier at p whistles shrieked from hun dreds of flag bedecked craft while the watchers on shore cheered wildly James First Ashore James Roosevelt the presidents son was the first ashore He shook I hands with president Justo and others in the reception group President Roosevelt disembark ed at p m He was greeted at the pier by President Justo United States Secretary of State Cordell Hull Argentine Foreign Minister Carlos Saavedra Lamas Cardinal Santiago Copello and other not ables Before Mr Roosevelt left the Indianapolis the cruisers band played the Argentine anthem and then the Star Spangled Ban in which the Argentine navy band ashore joined The visiting United States pres ident descended the gangplank holding the arm of James Roose velt who had reboarded the ves sel Gets Into Car President Roosevelt got into a car at the foot of the gangplank after greeting President Justo to whom he was introduced by United States Ambassador Alex ander w Weddell Then the two executives drove I off together to the United States embassy Mr Roosevelts resi dence during his stay President Roosevelt is to make the opening address when the InterAmerican peace parley pro posed by him last winter gets under way at 6 p m Tuesday Eight Argentine warships and a river flotilla escorted the In dianapolis up the Rio de la Plata to the quay while Argentine planes circled and dipped over head Near the which a red carpet an eighth of a mile long had been the six horse grenadiers of Ar gentinas liberator Gen Jose De San Martin in blue uniforms with white epaulets Swings Around Mnoument Within a few hundred yards of States embassy Mr Roosevelts car swung around a monument to the Spanish colon izers of Argentina in the center of the great square in beautiful Palermo park Over that memorial a great al tar surmounted by a cross was built for the 1934 international Eucharistic congress From the monument the car turned into the embassy where ten rooms have been set aside for President Roosevelt and his aides The building is situated in a private park of square feet With its carefully cultivated grass hedges and rosebuds in their ear ly summer freshness it is an ideal place for the president to work The presidential party was greeted off Montevideo Uruguay Sunday by the Argentine naval escort Newspapermen and secret
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