Van Sweringens Aided In Railroad Deal By Morgan
Senate investigators focus on J P Morgan and Co partners as Ferdinand Pecora questions how the Van Sweringen brothers built a vast rail empire with borrowed funds and how $11 2 million was raised to buy Erie stock While Lamont faces questions over late 1930 stock sales and his wife's market activity the inquiry defers further action and eyes executive session options
MENTIONED IN THIS ARTICLE
Washington
Senate
J. P Morgan and Company
Ferdinand Pecora
van Sweringen
Thomas S. Lamont
Pecora
C. P. van Sweringen
M. J. van Sweringer
Cleveland
Chesapeake and Ohio
Erie Railroad
Morgan and
Comp~y
Banking Committee
Lamont
Morgan Partners
John W. Davis
Morgans
Petera
Morgan
O. P. van Sweringen
M. J
Nickel Plate
New York Central
Mitchell Heard In Own Defense In Tax Evasion Trial
New York June 5 Charles E Mitchell testified at his income tax evasion trial about selling 18 300 National City bank shares to his wife in 1929 to record a loss. He said he could not sell to the bank employer and argued his stock moves were legitimate. He defended omitting 666 666 66 from his return as an advance, not income, and described a 1930 stock transaction with W D Thornton as a sham as court adjourned.
MENTIONED IN THIS ARTICLE
New York
Charles E. Mitchell
National City Bank
Natonal City Bank
Elizabeth Bendit Mitchell
Henry W. Goddard
Supreme Court
W. D. Thornton
Greene Cananea Copper Company
Plate Glass Plants Add To Work Force
Pittsburgh Creighton plant resumes full operation for the first time since 1931, adding 700 workers to the payroll. American Airways reports May passenger total of 10,272, up 60.8 percent from April and 22.7 percent year over year, says L B Manning. New York Central Railroad announces purchase of 1,290 tons of rail from Inland Steel, following a prior order of 7,000 tons from other steel firms. Dun and Bradstreet records May business failures at 1,909 with liabilities of 47,971,000, the lowest monthly total in four years, versus almost double last year.
MENTIONED IN THIS ARTICLE
Pittsburgh
Creighton
Pittsburgh Plate Glass Company
Chicago
American Airways
L. B. Manning
New York
New York Central Railroad Today
Inland Steel Corporation
Road
Dun & Bradstreet, Inc
Senate Acts On Home Loan Bill
Washington June 5 The administration's 2 billion emergency home mortgage relief bill cleared the Senate without a roll call and moves toward White House approval after reconciling with the House. Major changes extend aid to homes valued up to 25 000, set a 6 percent rate on cash advances, and authorize a 200 million capital base for a mortgage relief corporation with bonds up to 2 billion. The plan includes a 15 year amortization at 5 percent and creation of federal savings and loan associations with treasury stock subscriptions.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Capitol
White House
Roosevelt
Home Owners’ Loan Corporation
Savings and Loan Associations
Treasury
Wind and hailstorm strikes Fauquier County town
Middlesburg Virginia June 5 an electric wind and hail storm tore through Fauquier county with no casualties reported. Peak damage occurred around 5 30 pm lasting about 15 minutes. Many lines poles and wires were down disrupting communications. Uprooted trees at the Middleburg horse show grounds. Buses delayed about four hours, roads cleared by residents and highway crews by 9 pm.
MENTIONED IN THIS ARTICLE
Middlesburg
Fauquier County
Middleburg
Upperville
Purcellville
Loudoun Light and Power Company
Severe rain and hailstorm hits Wheeling area
A severe rain and hailstorm struck the Wheeling district late tonight, centering on Martine Ferry, Ohio. Hail two and a half inches damaged thousands of windows, stripped trees, and flattened crops. In Wheeling the hail pelted the business district for about 10 minutes, puncturing automobile tops and shattering windows.
MENTIONED IN THIS ARTICLE
Whestina
W. Va
Wheeling
Martine Ferry
Ohio
HoUge Railroad Bill Approved By House In Voteless Passage
The House passed Roosevelts railroad reorganization bill without a record vote to create a federal coordinator, curb capital outlays, and suspend anti trust rules for two years. Holding companies would fall under the ICC, and the 1920 recapture clause would be repealed canceling 361 million in government claims.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Interstate Commerce Commission
Rayburn
Texas
Interstate Committee
Collins
Miss
Colling
Joseph B. Eastman
Interstate Comerce
Roosevelt
Wealth and Wall Street funds blamed for anti repeal drive
Washington notes Senator Robinson of Indiana charges organized wealth and Wall Street are funding the campaign against the eighteenth amendment. He cites a senate committee finding a millionaire contributor could save $10,000,000 annually on one firm after repeal and says 90 percent of repeal funds come from 100 wealthy men. He links lower wages and higher auto accidents to repeal.
MENTIONED IN THIS ARTICLE
Washington
Robinson
Indiana
Wall Street
Senate
Senate Committee On Banking and Currency
John Pierpont Morgan
Morgan the Magnificent
United States
Names of Hoarders in Agents Hands
Washington June 5 The names of more than 1000 persons suspected of gold hoarding were in the hands of department of justice agents tonight with orders to ferret them out and discover where the gold is stored Attorney General Cummings announced that the names include those above the Roosevelt $100 limit and could be published before prosecutions begin He said those holding gold are not doing their patriotic duty and urged cooperation with the administration The list was air mailed to 22 Bureau of Investigation offices with most names from east of the Mississippi.
MENTIONED IN THIS ARTICLE
Washington
Department of Justice
Cummings
Department
Roosevelt
Bureau of Investigation
Mississippi
Rift over vets pay widens in Washington
President Roosevelt faces a widening rift with Congress over veterans allowances. House leaders plan a joint committee meeting to debate taxes to fund higher veterans benefits, while Senate critics protest Louis Howe’s speech attacking Senate limits on cuts.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Congress
House
Senate
Louis Howe
Senator Cutting
Republican
New Mexico
Howe
United States
Democratic House
Rainey
Burns
Tennessee
Sterling Committee
Special Veterans Committee
Buchanan
Texas
House Appropriations Committee
Crossed
Ohio
Democratic Steering Committee
Especial Veterans Committee
Lewis W. Douglas
Frank T. Hines
Crosser
Industry Bill License Clause Boosts Public Works Tax Plan
The Senate Finance Committee revived the power to license manufacturing establishments that refuse trade agreement alignment and to deny licenses to recalcitrant groups. The Harrison plan proposes a net worth and dividend tax to fund $3.3 billion in public works, with administration changes raising $15 million. Senate action set for Wednesday. Roosevelt urged restoration to preserve bill aims.
MENTIONED IN THIS ARTICLE
Senate
Washington
Senate Finance Committee
House
Mayor McCloskey Faces Assault Charge in Pa Incident
Johnstown, Pa June 5 Leon P Bennett president of the Cambria county pool board and county emergency relief committee files assault and battery charges against Mayor Eddie McCloskey after a protest at relief distribution sparked near riot Bennett says the mayor struck him as he tried to quiet the disturbance Bennett suffered facial cuts while McCloskey sustained a minor nose cut and left for Harrisburg returning the next day
MENTIONED IN THIS ARTICLE
Johnstown
Eddie McCloskey
Leon P. Bennett
Cambria County Pool Board
Bennett
County Emergency Relief Committee
McCloskey
Mattern Wings Way Over Siberia To Reach Omsk
Texan aviator James Mattern presses east from Moscow toward Omsk Siberia on leg four of a long-distance attempt to set a new world circling speed record. He faced nine hours of delays for servicing and unfavorable conditions, with two over-water hops remaining via the Okhotsk Sea and the Bering Strait.
MENTIONED IN THIS ARTICLE
Moscow
James Mattern
Omsk
Siberia
Oslo
Norway
Tis
Alaska
Yakutsk
Wiley Post
Harold Gatty
Mattern
Post-Gatty
Post
Sea of Okhotsk
Bering Sea
Khabarovsk
Illinois Joins Other Wet States in Prohibition Repeal
Chicago June 5 Illinois moved to repeal national prohibition with about 800000 votes in its favor across 4980 of 7249 precincts Heavy support in Cook County and Chicago 310k 610k split nearly even outside the city Downstate counties varied with 18 still dry and past repeal momentum noted amid Indiana vote anticipation Prohibition delegates elected will meet July 10 to formalize Illinois 18th Amendment stance Governor Horner backed repeal and state judges elected partly on repeal momentum
MENTIONED IN THIS ARTICLE
Chicago
Illinois
Cook County
Solid For Repeal
Springfield
State Supreme Court
Henry Horner
Downstate
Prohibition
Mines Hit High Loading Mark in N and W Fields
Mines in the Norfolk and Western fields on Monday loaded more than 2,000 cars. Only once this year has this daily loading record been surpassed. During late February loading exceeded 2,200 cars in a 24 hour period as conditions on the railroad improve daily officials say the outlook for continued improvement is very encouraging.
MENTIONED IN THIS ARTICLE
Norfolk and Western
Mattern Lands Rough Island After World Flight Stop
American aviator Jimmie Mattern reached Jomfruland off Norway’s south coast at 4 15 a m EST after a perilous Atlantic crossing in the Century of Progress. Poor weather ripped a wing, yet he landed on a stony beach with twenty islanders aiding the plane and later towed it 1000 yards for repairs before takeoff.
MENTIONED IN THIS ARTICLE
New York
Jomfrauland
Norway
Oslo
Novosibirsk
San Angelo
Texas
Atlantic
Jimmie Mattern
Moscow
Mattern
Jomfruland
Europe
Scotland
Arbiters Named for Ohio Coal Wage Dispute
President Roosevelt appoints Dr. William M. Leiserson of Antioch College to join George W. Rightmire of Ohio State University on a three member arbitration board. They will set a temporary wage scale for southern Ohio coal miners pending federal or state actions. A telegram to Governor White expresses hope the board’s work will bring lasting peace in the district.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
William M. Leiserson
Antioch College
Yellow Springs
Ohio
Leiserson
George W. Rightmire
Ohio State University
George White
Southern
Ten Boys in Blue at 51st G A R Reunion
Parkersburg West Virginia June 5 only ten of the thousands of boys in blue who marched from West Virginia answered the roll call at the fifty first annual encampment of the state branch of the Grand Army of the Republic today Robert W Jones 93 of Charleston was the oldest veteran who registered Ages of the others ranged well above 85 years Rolls of the G A R show that sixty seven other veterans all live in West Virginia but they were prevented by disabilities of age from making the trip from their homes
MENTIONED IN THIS ARTICLE
Parkersburg
W. Va
West Virginia
Grand Army of the Republic
Robert W. Jones
Charleston
United States Steel Considers Employee Relations Code
The United States Steel Corp is weighing a general adoption of a new employee relationship code for all plants. An Associated Press dispatch from New York City reports the plan, which would create employee committees to handle wages, welfare, health and working conditions, subject to employee acceptance.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Associated Press
New York City
United States Coal and Coke Company
McDowell County
Fricke Company
Mrs Roosevelt on transcontinental hop to Los Angeles
Mrs Franklin D Roosevelt arrived in Tycson on a transcontinental flight from Washington to Los Angeles after greeting her son Elliott in Douglas. She helped dedicate the Douglas International Airport, with Elliott assisting and pilot Ben Catlin meeting the entourage.
MENTIONED IN THIS ARTICLE
Tycson
Ariz
Franklin D. Roosevelt
Washington
Los Angeles
Elliott
Douglas
Young West
Coast Airlines
Ben Catlin
Roosevelt
John ©. Greenway
Democratic National Committee
Arizona
Varied program marks first day of meeting here
Congressman John Kee of Bluefield spoke at the west Virginia branch of the National League of District Postmasters banquet, praising Republican support and outlining administration acts since March 4. He noted Roosevelt as family physician and cited his inaugural address, while a musical program and dance followed. About 100 present. Ira Shockey, 86, long time Long postmaster, notable delegate attends with L. B. Kennsburg.
MENTIONED IN THIS ARTICLE
John Kee
Bluefield
West Virginia
National League of District
Congress
Roosevelt
Kee
T. S. Hamilton
Trinity Methodist Church
Marion Smith
John Mastin
Sallie Litz
Conrad Brevick
James Elmer Brown
Ira Shockey
Long
W. Va
Garfield
L. B. Kennsburg
Thomas
Shockey
Bikins
Hoosiers Vote on Repeal Today
Indianapolis June 5 Indiana debates repeal of the eighteenth amendment as voters head to the polls with prohibitionists urging repeal amid mixed forecasts. L E York of the Anti Saloon League says a fifty fifty chance exists while William Stokes of the United Repeal Council predicts a three to one vote for repeal.
MENTIONED IN THIS ARTICLE
Indianapolis
Indiana
James Cannon, Jr
Methodist Episcopal Church, South
Illinois
L. E. York
Indiana Anti-Saloon League
William Stokes
United Repeal Council of
York
Oil firms raise fuel oil prices along Pacific coast
San Francisco on June 5 reports Richfield Oil company advanced fuel oil by 10 cents a barrel to 75 cents locally and similarly across the Pacific coast. Several other firms followed, but Standard Oil company of California announced no change in fuel oil prices.
MENTIONED IN THIS ARTICLE
San Francisco
Richfield Oil Company
Pacific Coast
Standard Oil Company of California
Also Mentioned on This Page
van Sweringens
Mitchell
Houge
Eastman
Powers of
Bankers and Trust Companies
M’closkey
Mos
Cow
Russia
Matterm
W. Field
Rocky Isle
Mrs. Roosevelt
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