20 Jan 1932
Page 1
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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Jan 20, 1932
Page
1
The analysis argues completion of readjustment is vital for a sound recovery in 1952, noting deflation in 1922–1930 era, the impact of inflated capital, and the dangers of inflationary policy. It warns that Congress will decide inflation's final path, with modest long term gains possible if controlled, or a dangerous temporary surge if pursued aggressively.
Denver banking chief Benjamin P. Bower was held for fifty thousand dollars ransom after a home kidnapping. In Athens County four men were found not guilty on sheep theft charges. another auto theft verdict was pronounced. Senate conferees closed in on reconstruction measures as leaders debate appointments and funding.
A fogbound ship named in a damaged report sustains serious crew injuries after a collision or ram. The incident occurred near New London and involved a forward guard vessel and a subordinate aide, with the craft narrowly avoiding total loss.
United Press reports on a special session in Hawaii aimed at cleaning up state affairs and addressing women's issues, set against a tense political tempo. The piece notes related activity from Kentucky and references indictments and cases involving Grace Hupbandt and others, with names like Joe Kahahawa and Mazale appearing in court proceedings.
Notes from a noon Rotary Club talk by John Bion, dean of men at Ohio University, touching on Anglo American relations, the Pacific era, and US world role. The report recounts debates in Congress led by Senator James K. Jarrett attacking southern ignorance, press influence, and the Hawaii controversy amid wartime era tensions.
Fragmented wartime notes describe naval policy tensions as leaders discuss U S Ready navy autonomy and potential danger. References to Hoover era policy, Rear Admiral Upham, and questions about defense readiness surface amid ongoing national crisis cited with unclear terms and garbled phrases.
An investigation was opened today by county officials and railroad auditors into an alleged fraud scheme tied to a bankruptcy at Joe Watch & Jewelry Company. The case centers on exploiting bank and railroad channels, with officials naming J. Cleveland and Ben Eng as key figures in the probe.
A bank raid at Amenville ended when cashier Frank Li Thomas shot at a bandit. The bullet missed and the robber fired back through the window. Both bandits fled toward Marleta as the alarm sounded. no money was taken. Authorities described one bandit as medium height in an overcoat with a mustache. the second man’s description was unclear.
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