07 Jul 1932
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 07, 1932
Page
1
Bitter words flew Wednesday between President Hoover and Vice presidential hopeful John N Garner after White House pressure to push through a $2,122,900,000 relief bill faltered. The public row followed failed efforts to secure passage amid strained relations with Congress.
The House approved the Wagner-Garner unemployment relief measure by 202 to 156 after insurgent Republicans joined Democrats. The bill authorizes the Reconstruction Finance Corporation to loan $300 million to states and $1.5 billion to private borrowers for relief, plus $120 million for state highway loans and $202 million for federal construction projects.
United Press reports flyers James Mattern and Bennett Griffin disappeared after leaving Berlin for Moscow. A plane possibly theirs was seen near the Polish-Lithuanian frontier as search efforts awaited news from aviation officials and relief planes stood by.
A Mitchellville Iowa group of farmers adopts a resolution urging the public to buy what they can afford, arguing price improvements can come through consumer demand regardless of legislation. Clarence Pearson hosts the meeting praising farmers and predicting a nationwide sentiment shift against demagogic fear, as reported by the Chicago Journal of Commerce.
From the House floor, Garner rails against a proposed $1.5 billion program of federal loans to small businesses partnerships and individuals. He warns it would create the nation’s largest banking and pawnbroking operation with huge losses and scandals. He accuses the Republican administration of seeking class legislation favoring railroads banks and insurers while pledging his party will resist such favoritism.
The piece portrays Washington pressing President Hoover to cancel European war debts and create a large federal bank to supply cash on collateral. It argues such a bank would be vetoed by Hoover, reflecting harsh criticism of policy options during the crisis.
A veteran Speaker in Congress urged a $1.5 billion taxpayer funding push in a political speech. Lawmakers, long in office, look to the national treasury as a bottomless well and see no end to perceived pork.
A group of Iowa farmers gathered near Mitchellville on Tuesday to urge confidence and increased spending, arguing that major institutions like railroads banks and insurance firms are wrecked by warped politics. The page also notes a Chicago opinion praising common sense in contrasts to the era’s fear and instability.
A Chicago banker writes an uplifting note to ease concerns over federal plans for banking and pawnbroking. He reports weekly car loadings ending June 4 1932 hit a historic low, a trough that has persisted since loadings began, and notes a recent uptick after the low.
A banker argues that car loadings mirror business cycles and may mark a bottom in the Depression. He notes resilience despite punishment and expects the week of June 4 1932 could be a low point, showing courage and perspective.
Hog prices rise after several days of gains. Analysts note supply remains tight with few hogs available, making the market appear to react to supply and demand dynamics. The scarcity explains the price strength despite otherwise ordinary conditions.
The article argues that farmers bear the losses when hog prices fall and meat prices rise. It questions who benefits from higher prices at the dinner table and whether the farmer shares in the increased cost of meat for consumers.
Per months hogs and cattle have been marketed at disastrous prices. That is disastrous for the producer. Millions of pounds of meat have entered cold storage, and thousands of farmers have faced bankruptcy due to the low prices paid by packers.
Stress selling of hogs by Iowa farmers forced to raise cash amid rent and mortgage pressures led to ruinous losses. Hog sales depleted herds, pushing hog quotations higher and by extension lifting retail meat prices.
Fragmentary remarks ponder periods of low mood and national strength. The text questions how a country funds supporters worldwide, contributes to a world war outcome, and sustains high wages and living standards. Page reference noted.
John W. Phillips 21 and Mary Dorothy Edison 20 obtained a marriage license in Independence. Ed Dudley who issued the license had 200 pennies. Phillips said they saved their pennies and decided to marry once they had enough.
Lightning struck L. E. Coleman’s farm near Sandusky setting a barn afire where about six thousand bushels of popcorn stored inside popped loudly from the heat. Firemen fought the blaze as the popping popcorn crackled through the wooden structure.
The commerce department said Americans sent 39 million dollars overseas last year to missionary, educational, and charitable causes but did not receive similar gifts from foreign lands.
Mrs Libby Holman Reynolds lies gravely ill at Reynolda as investigators reassess the death of her husband Smith Reynolds. Officials weigh death by own action and potential impact on her seven million share, amid questions over a will and prior settlements. Authorities note a bed scene and recent blackmail related advertisements, while Reynolds contemplates a possible intruder.
Cedar Rapids leading retail stores will close at 5 p.m. daily except Saturday starting Monday July 11, with Saturday hours at 9 p.m. The move aims for a near unanimous early closing to grant proprietors and employees more recreation time, aligning with summer practices in larger cities.
British authorities discreetly launch a move to summon a fifth naval conference to pursue further reductions in sea forces. The step coincides with London announcing counter proposals to President Hoover's one third arms reduction plan.
In the House of Commons London, acting prime minister Baldwin welcomed the Hoover disarmament plan while insisting Britain cannot accept it unconditionally. He urged linked naval, military, and air reductions and proposed specific caps: capital ships to 22,000 tons and 11 inch guns, cruisers to 7,000 tons and 6.1 inch guns, and aircraft carriers to 22,000 tons with 6.1 inch guns, plus a 195,000 tons cut in capital ship tonnage and abolition of submarines and complete ban on aerial bombing.
New York United Press survey shows several Democratic leaders including governors favor immediate amendment of the Volstead act to allow sale of beer and wine not intoxicating. Advocates urge revenue and revival of business, while many governors did not reply. prospects in Congress seen as slim.
Special to The Gazette notes James J. Mattern a world flyer lived in Oelwein for a year about five years ago with his brother Phillip Mattern a night patrolman on the Oelwein police force. The flyer left Oelwein to take up flying.
J. J. Boyd of Washington Kansas father of Harry E Boyd editor for The Cedar Rapids Gazette died in a Clay Center hospital from injuries suffered when a tornado wrecked the Boyd home in Was on. He had concussion of the brain and funeral services are set for Friday in Washington. Surviving are his widow two sons Harry E Boyd Cedar Rapids and Hubert of Wheaton Kan and his parents. Mrs Boyd and Miss Louise Pitcher also survived the disaster.
An anonymous letter threatening the life of Myrtle St. Pierre, suing David L. Hutton for breach of promise, was thrown into Judge Lester W. Roth's chambers in Los Angeles as a sensational trial continued. The note urged the jurist to rule for Hutton, husband of evangelist Aimee Semple McPherson-Hutton.
A Cedar Rapids notice reports on the auto toll with figures for accidents and deaths. The limited readable text mentions a fatal incident and counts of injuries and toll totals for the year.
In Lausanne a tentative France Germany debt and reparations agreement was announced after a stalled conference. It aims to suspend debt payments pending U S action and would replace earlier reparations treaties, with a general convention and a Britain France pact awaiting Washington approval and Lausanne treaty ratification.
A month long rise in hog and cattle quotations with firm grains and butter reduces slack in farming. Experts say meat prices should stay firm or rise into late fall as hog and cattle supply grows. Low prices previously discouraged production, while high consumption supports the current upturn.
Three Cedar Rapids youths visit homes near Eighth Avenue and Fifteenth Street SE to collect old papers and magazines. They sell the donations to support Camp Good Health, aiding sick children at a creekside camp between Cedar Rapids and Mount Vernon. Contributions fund health, food, air, and vitality for up to forty campers.
You can defray vacation expenses by selling items you no longer use to buyers who need them. Use Gazette Want Ads by dialing 2-1121 Ad-taker.
Willy Rogers boasts a Vernon Texas visit as he praises W. T. Waggoner for owning six hundred acres and twenty five thousand cattle with oil wells on each cow. He compares Vernon to Claremore, notes a grand courthouse and hints at Roosevelt’s links to a Garner led ticket.
M Haskell Bohn and his father Gebhard C. Bohn guided a five-man kidnap gang chase along Lake Minnetonka west of Minneapolis. Ransom dropped from 35000 to 5000. police also pursued three men who tried to extort 10000.
Norma Talmadge and Joseph Schenck divorce talks linger after Mexican attorney Francisco Aguilar claims a Nogales filing. Miss Talmadge and Schenck deny knowledge, with Aguilar noting associate Vincent Riccardi was hired by the actress.
Cedar Rapids felt a cool breeze with a light hail storm causing minor damage in the northwest. Temperatures swung from a high of 91 at 1:30 pm Wednesday to 74 at 7 pm and 62 at 6:30 am Thursday. Rainfall measured at 0.50 inches. Temperatures recovered to 70 by 9 am and climbed to 80 by 1:30 pm Thursday.
In Chicago on Thursday a shootout among gambling syndicates left two dead and one wounded. Publisher Arthur Gould, 50, was struck but survived as his car was halted on Sheridan Road by a rival sedan. The violence follows earlier killings tied to gang rivalries at McGhee’s roadhouse and against Bernie Larkin’s gang.
The Promethee, a French submarine cruiser in final trials, sank seven miles off Cherbourg with 61 aboard after an explosion and open hatches during surface experiments. Seven sailors survived, blown from the deck. survivors could not give a coherent account. Naval Lieut Couestel Demesnil commanded the vessel.
Las Vegas based attorney Ryland G. Taylor said he represents Guy E. Hudson husband of Minnie Kennedy Hudson. He would not discuss any divorce plans. Minnie Kennedy Hudson, mother of evangelist Aimee Semple McPherson Hutton, called the marriage a comic strip and said Guy is welcome if a crumb remains in the house.
United States backed by smaller powers favors resuming by October while Britain desires a longer holiday to study naval proposals. Delegations at Geneva discuss adjourning the disarmament conference until year end.
Madison Wisconsin Philip La Follette announced Wednesday night that he will seek a second term as governor. The young progressive attacked conservative Republicans and the national government in his candidacy statement.
Fredericton New Brunswick AP reports hit by Lloyd Hoben's car a deer leaped into the air and landed in his lap. The vehicle left the road and overturned but Hoben survived with no injuries while the deer was killed.
In Indianapolis William D. Upshaw of Georgia was named the Prohibition Party’s presidential candidate for the coming race. Frank Regan of Rockville Illinois was chosen as the party’s vice presidential nominee.
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