16 Jul 1931
Page 1
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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jul 16, 1931
Page
1
The government ordered drastic traffic regulations on foreign currencies and announced reopening of German banks tomorrow for payroll and tax withdrawals and unemployment pay. The move aims to stabilize the economy while ensuring access to funds for essential duties.
Telegraph dispatches arriving in Berlin report communist riots erupting in several German cities as Finance Minister Dietrich urges the public to use common sense in a radio address.
The government urged those discommoded by the bank closure to maintain a sporting spirit for a few days more. Hours earlier the Reichsbank cut currency cover to 40 percent, freeing millions of marks to ease credit strains from heavy foreign withdrawals. It also hiked the discount rate to 10 percent and raised loan rates against collateral to 15 percent to curb the expanded currency.
The justice department announced approval of Armour & Co of Illinois selling all holdings and subsidiaries in public stockyard facilities. The order, signed by Justice Jennings Bailey, cites progress on the 1920 consent decree. Purchasers include Stanmour, Armforth, and Valmay corporations tied to the Armour families.
Weather outlook for Amarillo and West Texas calls for fair to partly cloudy conditions on Thursday across the region. New Mexico is forecast to be mostly fair. Hourly readings from yesterday show maximums around 90s and hourly temperatures through the day with a pattern consistent with a warm spring day.
Courtney C. Julian and two others remained jailed after a U S commissioner refused to lower his $50,000 bond on a mail fraud charge. Roy St Lewis and others face formal charges, while bail for Julian’s associates stays set at $10,000 each.
A. B. Macdonald, famed Kansas City reporter, visits Amarillo and El Paso to secure Mrs. Fall’s own account of her husband Albert B. Fall’s legal struggles. Her exclusive interview appears in today’s Daily News detailing her defense and the couple’s prolonged fight against what she calls an unjust fate.
Amarillo Community Chest plans to distribute six thousand dollars worth of flour to needy families this winter. Great West Mill and Elevator offered to mill five thousand bushels of wheat for the charity. Citizens with wheat crops pledged immediate donation and several others offered up to two hundred bushels. The wheat will be held in a warehouse awaiting distribution.
Secrecy shrouded Albert B. Fall as he prepared to go to the New Mexico state penitentiary at Santa Fe. Family withheld travel details while newspapermen chased curtains drawn cars. Fall may be escorted by physicians as his arrest status remains unresolved.
Today is Downtown Day in Amarillo with merchants offering unusually low prices on diverse merchandise. Local bus companies provide free transportation downtown from 9 to 11 AM, and several cafes host special lunch prices at noon.
The Kennebed’s master reported at 1:37 A M that Hungarian fliers were 700 miles west of Fastnet and all was well. Other messages from Justice to Hungary said the craft was over the Atlantic and proceeding east, with weather improving after earlier bad conditions. Will Rogers arrives in Fort Worth to visit Amon G. Carter at Shady Oak farm.
Amarillo hosts a free two hour ceremonial with 26 member Hopi band led by Chief Taptuka and Navajo, Acoma, and Taos performers. Notables including Govs and senators join a motorcade to Albuquerque for August First American celebration events.
J. D. Gamble, former Canyon mayor, will become deputy United States marshal for the northern 26 Texas counties, replacing B. F. Harper who resigns for health reasons after nine years in the post. Harper, 73, vows to stay in Amarillo and recalls a life spanning Texas New Mexico Colorado and Kansas with cattle work and frontier tales.
July wheat futures on the Chicago Board of Trade fell to a record low 50 1 2 cents, the weakest price on the exchange since its 1848 founding, before closing 5 8 to 11 8 cents higher. The decline followed two weeks of steady drops amid hedging, weak markets, and Europe’s economy, with a late rally as traders realized prices were still under pressure.
Naomi Payne four year old daughter of Mr and Mrs J C Payne of Melrose was near death after swallowing gasoline while siphoning from a barrel. A portion of the fuel entered her lungs and hospital staff said there is virtually no hope for her survival.
J L McEldowney a 54 year old farmer living near Salem was killed by an accidental shotgun discharge as he climbed a fence to kill a skunk near the farm house at 7 15 last night His wife heard the shot and found him with a shot through the heart Survivors include his widow and two daughters Mrs BE Bennett and Margaret Lorene The McEldowneys had lived near Salem for ten years The body was taken to Pampa for funeral arrangements.
James C. Kennedy, president of the Central and Southwest Utilities Company, said Texas could become the country’s top phosphate producer. He cited a 400 million ton phosphate shell deposit along the Texas coast from Corpus Christi to the Rio Grande mouth, noting high commercial value and potential revenues in the millions.
In Westbrook Maine Rudy Vallee's mother Mrs Charles A Vallee aged 61 died today after a year of illness. Vallee and his brother William flew from New York to be at her bedside and he remained until 11 33 A M. Funeral plans include Fay Webb Vallee arriving from New York to attend Friday services.
Directors of Western Air Express Corporation announce the omission of the 25 cent quarterly dividend due August 1. The decision affects shareholders and reflects the company’s current financial stance as reported in New York on July 15.
The governor presented a concise message about waste issues, outlining policy steps and urging efficiency reforms. Officials noted emphasis on oversight, reduced spending, and improved accountability across departments.
In Austin on July 15 1549 the upper house adjourned to Friday noon as two oil policy measures move forward Senator Walter C Woodward plans a three member appointive conservation commission to oversee oil and gas with new underground waste rules while Representatives Wagstaff Johnson and Petsch prepare a House version none involve price fixing and a separate joint committee investigation of the oil industry was defeated by a 64 61 vote in the House.
Gov Sterling warns oil industry collapse amid wasteful practices. A House move to postpone indeffinately a related resolution failed narrowly 64 to 62 after Rep Phil Sanders opposed it. Three oil bills and one soil conservation bill were introduced to safeguard natural resources during the special session.
Juan Morelos, a Mexican laborer, was cut to the bone in a hog attack while trying to remove the animal from a pen in San Benito. He was reported to be recovering from the deep gash.
Globe-News showcases miscellaneous ads featuring furniture and used cars. Read and save these listings as potential buys. The page notes eye catching deals and small wonder workers in the marketplace.
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