12 Jan 1934
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 12, 1934
Page
1
The piece notes increasing bank deposits in Iowa since January under the federal deposit guarantee, crediting policy effects while cautioning that gains reflect broader policy rather than pure trust. It cites INTENDENT of Banking and references Washington policy impacts on examinations and laxity.
In Paris violent crowds near the chamber of deputies clash with police as Premier Camille Chautemps faces overthrow amid aftermath of the Credit Municipal Bayonne collapse. Police use clubs and blank discharge torpedoes. arrests rise while mob violence erupts through the night around Rue Saint Germain and the Raspail market.
Dr Newton argues against glamorizing war and urges redirecting the fighting instinct toward enemies of mankind. He cites Lady Butler and Morris, sees modern war as ghastly, and promotes peace as a richer, more thrilling venture than war to preserve society.
AP reports Ossie Solem announced satisfaction with his Iowa contract and no plans to leave. Athletic director Dr E H Lauer said a complete understanding was reached in a conference, with a four year deal anticipated, salary near his 1932 figure after a prior reduction.
Colonel Charles A. Lindbergh informed Senator Hugo L. Black that he would be available at any time to clarify his financial transactions related to aviation as the senate committee investigates mail contracts.
Chicago report says William A. Buck Hendrikson, a former police officer linked to the John Factor kidnapping, was secretly arrested Thursday. Prosecutors declare his capture completes the Touhy gang’s disruption and marks him as the sole surviving free member.
Des Moines Iowa will lack a beer law unless the Senate amends the liquor control bill which the House already approved The bill repeals chapter 94 of the Iowa code and the beer law was an amendment Senate action aims to fix the oversight The House committee plans a new beer bill to permit sale of 4 percent beverages There is a rush for control commission jobs at the governor’s office with over 2000 applications on file.
The House adopted a drastic rule shielding the Roosevelt economy program, while the Senate dropped a Clark debt tax amendment. Debate showed party strains as Burns urged unity and many Democrats opposed the rule including notable figures such as Cullen and Marland. The liquor tax bill advanced after Senate revisions.
Vice Admiral Nobumasa Suetsugu, commander in chief of Japan’s combined fleets, declares Japan is already preparing for war with the United States and warns that U S Soviet relations aim to surround Japan. He argues the Stimson doctrine fails diplomacy and predicts a decisive naval clash unless Japan is ready to fight to the last man.
Miss Grace Roosevelt, only daughter of Colonel and Mrs Theodore Roosevelt, will marry William McMillan, a Baltimore architect, on March 3. The ceremony is set for Oyster Bay.
Edsel Ford testified before the Senate banking committee that Ford Motor Company used special and temporary deposits to inflate bank group deposits in annual statements. He admitted converting 15 million dollars in cash to government securities at year end 1932 and selling them in January 1933, denying tax evasion intent. He said he helped finance the Detroit Guardian and attempted to save the banks with cash and securities, with limited recovery after the Detroit Guardian banks failure.
Tokyo reports start of nationwide campaign to warn public of Soviet threat. A color map shows ten Soviet infantry divisions totaling 150000 men, two cavalry divisions, 400 aircraft with sixty heavies, 300 tanks, and submarines at Vladivostok. Mention of 15000 G P U operatives and strong border fortifications.
A northbound truck struck a southbound street car on Center Point road NE at 5 40 p m injuring five passengers with minor cuts from shattered glass. Motor man Felix J Simkovitz reported the truck fled the scene. Leonard Opfer of Waukon later confessed the driver.
In Chicago crowds clashed as 6000 to 8000 people pressed for courtroom entry on the first day of the Dr. Alice Lindsay Wynekoop murder trial. A jury of twelve men began to be chosen amid security, while Wynekoop appeared veiled and withdrawn. Earle Wynekoop was absent, with no explanation given by relatives or defense.
Chicago report notes Dr. Alice Lindsay Wynekoop, 62, prepares for trial on charges she murdered Rheta Gardner Wynekoop. The Wynekoop family, including Walker and Dr. Cathrine Wynekoop, present their theory of the crime as the state seeks the death penalty.
Washington file describes a $10,000,000 post office building featuring tiled rooms with black marble trim and chromium plated automatic cuspidor washers that clean in thirty seconds.
WashingtonSecretary of Agriculture Henry A Wallace announced a four point recovery plan for the dairy industry including immediate enforcement of a Chicago area arbitration price by licensing distributors under a producer payment code. Violations would trigger federal injunctions. The plan includes standard production prices a production reduction program financed by a processing tax on butter a 200000000 subsidy to eradicate diseased cows and measures to boost butter by limiting substitutes.
Chicago traders and farmers reached a truce ending days of shortages. Clifford V. Gregory of Prairie Farmer was named to a mediation board to set fair prices for producers, while dealer W D Hunni cutt of Cincinnati was chosen as their rep with one more member to be named.
VP-10 squadron led by Lieut. Comdr Knefe ler McGinnis completed a 24 hours 35 minutes non stop flight from San Francisco to Pearl Harbor Hawaii. Ten P-1 planes covered over 6 000 miles with no mishaps, beating the previous California to Hawaii record. Honolulu welcomed the fleet with a holiday ovation as the planes landed at 12 30 pm local time.
Six naval planes flew 2,408 miles from San Francisco to Pearl Harbor at an average 98.4 mph. The mission began at 5 11 p m Wednesday and the lead plane landed 5 59 p m Thursday, totaling 24 hours 48 minutes in the air per the official navy log.
Rear Admiral Ernest J King announced a new modification to naval seaplanes allowing a speed of 140 miles per hour. A mass formation flight of 2 408 miles showcased the new capability, surpassing the Hampton Roads to Coco Solo record.
Washington The Johnson bill criminalizes lending to or buying bonds of defaulting governments. It passed the Senate Thursday afternoon without a recorded vote. If approved by the House, it becomes law, ending all credit to defaulting governments and imposing up to a $20,000 fine or five years in prison.
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