Optimism Grows in Chicago as Finance Front Clears
Current visitors to Chicago meet bankers and business leaders who report renewed optimism about an economic recovery. City finance remains central to the Midwest, with officials noting diminished fear and a return to sanity as conditions improve. Former Cedar Rapids finance chief Louis Roth recalls a $50,000 city treasury balance aiding a new council’s plan to cut last year’s budget by about $57,000.
MENTIONED IN THIS ARTICLE
Chicago
Louis Roth
Cedar Rapids
Treasury
Ma Ferguson leads Sterling in Texas primary run off bid
Miriam A. Ferguson and Governor R. S. Sterling head the Democratic field in Texas as votes from the Saturday primary push Ferguson ahead by about 73 000. A likely August 27 runoff looms between the two with other candidates far behind. Ferguson campaigns through the Ferguson Forum while attacking Sterling. Prohibition repeal or retention shows broad support but many voters stay silent. Speaker John Nance Garner is renominated in the Fifteenth Texas district without opposition.
MENTIONED IN THIS ARTICLE
Dallas
Tex
Miriam A
Ma” Ferguson
Texas
R. S. Sterling
Ferguson
Sterling
John Nance Garner
Borah Debt Plan Faces Narrow Reception In Congress
Congress shows little support for Senator Borah's proposal to cancel or restructure war debts. Leaders express skepticism about gains and note Borah, on the Senate Foreign Relations Committee, faces limited backing as Congress reconvenes in December.
MENTIONED IN THIS ARTICLE
Borah
Senate Foreign Relations Committee
Lewis
Illinois
United States
Smoot
Utah
Mild Boom Transforms New York Stock Exchange Trading
A mild boom on the New York Stock Exchange lifted prices to their highest since early June as buying orders from small investors pushed gains from fractions to several points. Trading volume matched Friday's 1,400,000 shares, with investors showing renewed interest in lower-priced petroleum and specialty stocks.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Board of Trade appeal tests grain futures act
The Chicago board of trade plans an appeal to the U S circuit court of appeals challenging the grain futures act as unconstitutional The fight centers on whether Farmers National Grain can join the board's clearing house and the Updike company ownership dispute amid a 60 day federal closing order.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Peter Carey
United States Circuit Court of Appeals
Carey
Supreme Court
Farmers National Grain Corporation
Co-Op
Farmers National
Co-Operative
Clearing House Association
Updike Grain Company
Hoover’s Wealth Shrinks Amid Losses and Bonds
The Fortune magazine assessment shows balance in Hoover’s fortune slipping from about 4 million to 700 thousand. After losses in a development firm and other ventures he reportedly invested the remaining wealth in bonds. His income, including official salary, is smaller than in thirty years.
MENTIONED IN THIS ARTICLE
Fortune
Inside story on Smith McAdoo breach at Democratic convention
Wert purports to reveal the inside story of the double crossing of former Gov Al Smith at the recent Democratic National Convention. The breach with McAdoo stemmed from enmity dating to the previous convention and was said to have been healed before Chicago.
MENTIONED IN THIS ARTICLE
Wert
al Smith
Smith-McAdoo
Chicago
McAdoo and Smith Weigh Joint Ballot Strategy
Report says McAdoo visited Smith and joined the effort to stop Roosevelt. The pair allegedly planned to stand together on three ballots for President, with Smith taking the initiative after observing developments.
MENTIONED IN THIS ARTICLE
McAdoo
Smith
Roosevelt
Plan by Smith cited in 1932 Democratic split
The passage recalls Al Smith briefing McAdoo that if three ballots proved hopeless he would quit to aid party harmony. McAdoo then seized the floor and shifted momentum by delivering on Roosevelt’s path, dropping California and Texas from Smith’s control and aiding Roosevelt.
MENTIONED IN THIS ARTICLE
Smith
McAdoo
al Smith
California
Texas
Roosevelt
Smith Denied Withdrawal Plea Amid Nominee Clash
Smith was not allowed to withdraw and plead for party unity behind the nominee. He was sidelined by McAdoo, breaking a pre convention agreement without his knowledge. This shocked him and shaped his post convention attitude, stunned by McAdooism.
MENTIONED IN THIS ARTICLE
Smith
McAdoo
McAdoo strategy draws mixed votes amid Roosevelt nomination
An informant and Democrat notes the McAdoo approach gained attention for its supporters but cost votes for the party. He claims Smith’s allies are resentful and many will not vote for Roosevelt due to how his nomination was maneuvered.
MENTIONED IN THIS ARTICLE
Smith
Roosevelt
Ma Ferguson Leads Democratic Texas Primary Victory
In Texas, Ma Ferguson and Jack Garner win the Democratic primary with Ferguson claiming a leading role. She asserts women should have the last word after winning the ticket last Saturday, with a likely run-off to follow due to past defeats.
MENTIONED IN THIS ARTICLE
Texas
Ma Ferguson
Jack Garner Loob
Garner Nominated for Congress in Saturday Primary
Nothing but death can deprive Speaker John Nance Garner of influence in the next government. Garner was nominated for congress in Saturday's primary and will run for two offices next November, hoping to secure a seat even if elected vice president.
MENTIONED IN THIS ARTICLE
House
John Nance Garner
United States
Hoover
Roosevelt
Garner
Congress
Mellon Volunteer Ambassador to England Near Resignation
London press says Andrew Mellon, returning from London, plans to resign as ambassador to England. A few weeks in the role convinces the veteran diplomat he is too old to undertake further official duties amid international debt negotiations.
MENTIONED IN THIS ARTICLE
TR London
Andrew Mellon
London
England
Mellon to resign as ambassador to United States
London papers report Ambassador Andrew W. Mellon is expected to resign when he arrives in Washington on his return trip. They believe he will tell President Hoover debt negotiations should be led by a younger official. The London press ties his departure to Sir Ronald Lindsay’s exit as embassies face changes.
MENTIONED IN THIS ARTICLE
London
The
Daily Herald
Andrew W. Mellon
Washington
United States
Hoover
the Herald
Ronald Lindsay
Herald
New York
State Dept Denies Melton Resignation Rumors
The state department said no reason to believe ambassador Andrew W. Melton to Great Britain planned to resign, calling British press reports speculation.
MENTIONED IN THIS ARTICLE
Washington
State Department
Andrew W. Melton
Great Britain
Plan Campaign To Cut 750 Million From U S Budget
Chicago campaign to trim 750 million dollars from next year’s federal budget gathers steam. George W. Rossetter of the Chicago Association of Commerce says fourteen state chairmen of the National Organization To Reduce Public Expenditures have organized drives in their districts. Illinois work led by Walter Williams of Benton, Illinois Chamber of Commerce. John D. Adams of Des Moines named Iowa chair.
MENTIONED IN THIS ARTICLE
Chicago
INS
George W. Rossetter
Chicago Association of Commerce
National Organization
Illinois
Walter W. Wiliams
Benton
Illinois Chamber of Commerce
John D. Adams
Des Moines
Iowa
Nab Ralph Knolk At Garrison For Transporting Booze
Ralph Knolk was arrested at Garrison by federal prohibition investigators for illegal possession and transportation of six pints. He waived arraignment before U S Commissioner D C Hutchison and was bound over to the oral grand jury on a $500 bond.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Ralph Knolk
Garrison
Federal Prohibition Department
United States
D. C. Hutchison
Cedar Rapids Auto Toll This Year
Report shows Cedar Rapids road toll figures for the year including counts of accidents injuries and fatalities. Data highlights the scale of motor incidents affecting the city during the period.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Simple final rites for Florenz Ziegfeld in Los Angeles
Florenz Ziegfeld lay in a Forest Lawn vault as a small private service ended his life in beauty. Attended by wife Billie Burke daughter Patricia and about twenty close Hollywood friends including Will Rogers Eddie Cantor and John Barrymore the ceremony recalled Ziegfeld’s lasting influence. The Episcopal service spoke of a life devoted to art while Miss Burke prepares to resume work and later transport his body to New York for burial.
MENTIONED IN THIS ARTICLE
Los Angeles
INS
Forest Lawn Cemetery
Florenz Ziegfeld
Billie Burke
Patricia
Hollywood
Will Rogers
Eddie Cantor
Leon Errol
Harold Lloyd
Beng Lyon
John Barrymore
Irving Kerg
Marion Davies
Norma Shearer
Bebe Daniels
Ethel Barrymore
Ziegfeld
Frank Gibson
John Boles
Mrs Rosalie Ziegfeld Near Death In Chicago Home
Chicago reports Mrs Rosalie Ziegfeld 83 mother of Florenz Ziegfeld remains semi conscious and unaware of her son's death in Hollywood. Doctors say she is near death and cannot be told the news, as friends and relatives send sympathy messages to the family.
MENTIONED IN THIS ARTICLE
Chicago
INS
Rosalie Ziegfeld
Florenz Pom
Hollywood
Carl Ziegfeld
Libby Holman’s Father Attacks Probers In Reynolds Death Case
Alfred Holman, father of Libby Holman Reynolds, blasts Forsyth county officials as a grand jury convenes to probe the Zachary Smith Reynolds death. He alleges persecution and self seeking motives and claims evidence points to self destruction, criticizing prior inquest proceedings and cross examination rights.
MENTIONED IN THIS ARTICLE
Winston-Salem
N. C
INS
Zachary Smith Reynolds
Libby Holman Reynolds
Forsyth County
Alfred Holman
Cincinnati
Transon Scott
Carlisle Higgins
J. Erle McMichaels
Holman
W. N. Walton
Reynolds
Neder Smith Reynolds
Injured Man Found In Street After Mysterious Accident
Joe Drezsich a 43 year old Rock Island workman living at 112 First Street NE was found semi conscious with a gash on the back of his head in First Street and First Avenue SE He was taken to St Luke s hospital at 8 am Monday in an ambulance The condition is not serious No witnesses could be found and initially it was thought to be heat related There was no accident report at police headquarters
MENTIONED IN THIS ARTICLE
Cedar Rapids
Joe Drezsich
First Street
Rock Island
St. Luke’s Hospital
First Avenue SE
Drezjich
Drezsich
German Aviator Completes 6-Hour Hop To Greenland
Captain Wolfgang von Gronau, flying from Germany toward the United States, completed a six hour crossing to Greenland after a delay due to heavy rain. He arrived Ivigtut in southwestern Greenland and planned to continue toward Harbor Grace Newfoundland, with a possible Labrador coast stop.
MENTIONED IN THIS ARTICLE
Greenland
MGTAT
INS
Wolfgang von Gronau
Germany
United States
von Gronau
Harbor Grace
Newfoundland
Labrador
Copenhagen
Chicago
Arrivat Ivigtut
President Hoover Fortune Shrinks From 4 Million to 700 Thousand
Fortune magazine reports Herbert Hoover’s personal wealth fell from about 4.6 million in 1914 to roughly 700 thousand now due to investments and losses. The Intercontinental Development Co. wiped out thousands from the Washington Herald venture while other ventures and Burma Mines contribute to the lower total. If Hoover earns 5 percent on 700,900 and a 60 thousand salary, his current yearly income totals around 95 thousand, lower than in earlier decades.
MENTIONED IN THIS ARTICLE
New York
Herbert Hoover
Fortune
Mr. Hoover
Intercontinental Development Company
Hoover
Washington Herald
Pejebscot Paper Mills
Klearflax Company
Park Realty Company
McDougal Shippee Company
Paso Land and Acts Company
Burma
United States
Fortunetes
David Starr Jordan
London
E Neer
Grant Wood painting used to illustrate Hoover feature
The Fortune magazine article on The President's Fortune is illustrated by Grant Wood with a painting of Mr. Hoover's West Branch home. A colored reproduction was used in an advertisement. The original canvas is now on exhibit in an eastern gallery.
MENTIONED IN THIS ARTICLE
Fortune
Fortune Magazine
Mr. Hoover
West Branch
Grant Wood
Cedar, Rapids
Blast Wrecks St. Louis Bus Garage
Eleven men were injured in a Monday explosion that wrecked the front end of Pickwick-Greyhound Lines garage in St. Louis. District passenger agent Joseph Barber from Chicago was initially missing and later treated for cuts and bruises. Firemen suspect accidental gasoline ignition. windows were shattered for seven blocks and damage totaled about $50,000.
MENTIONED IN THIS ARTICLE
ST. Louis
Pickwick-Greyhound Lines, Inc
Joseph Barber
Chicago
Heat Wave Eases as Cedar Rapids Sees Cooler Afternoon
Cedar Rapids residents felt relief as the heat wave faded under clouded skies. Temperatures fell from a 90 degree morning to 86 by 1 30 PM with a 92 degree high near noon and a low of 68 around 5 AM.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Chambers Inskeeper
Files For Divorce From Buster Keaton
Natalie Talmadge Keaton filed suit for divorce from Buster Keaton in Los Angeles citing mental cruelty. She is sister of Constance and Norma Talmadge and listed multiple alleged wrongful treatments.
MENTIONED IN THIS ARTICLE
Los Angeles
Natalie Talmadge
Keaton
Screen Family
Monday
Buster Keaton
Will Rogers bids farewell to Ziegfeld in Beverly Hills
Special to The Gazette from Beverly Hills California recalls Will Rogers praising Florenz Ziegfeld. The writer notes Rogers as a benefactor who elevated performers and left a lasting badge reading I worked for Ziegfeld. He expresses gratitude and belief acting spans all races and languages.
MENTIONED IN THIS ARTICLE
The
Gazette
Beverly Hills
Calif
Ziegfeld
Fico
Will
New Racket Targets Miami Home of Cedar Rapids Man
A 22 year old hospital interne posing as James E. Blake’s son attempted to haul the Blake home furniture to a Miami furniture exchange last Friday. A van driver reported a broken padlock on the side door, stopping the sale and triggering police involvement. Authorities detained the alleged relative, while the real Blake remains alive.
MENTIONED IN THIS ARTICLE
Cedar Rapids
James E. Blake
Second Avenue SE
Blake
Miami
Mr. Blake
Furniture Exchange
Cuban Hero Killed in Havana Raid Battle
Col. Esteban Delgado, noted Cuban war hero, and Capt. Garcia Sierra of the Havana police were killed Monday during a clash between suspected political conspirators and police officers raiding their headquarters.
MENTIONED IN THIS ARTICLE
Havana
INS
Col
Esteban Delgado
Spain
Garcia Sierra
Doolittle and Miss Washington Plan Dawn to Dusk Mail Flight
Major James H. Doolittle and Miss Anne Madison Washington fly from Boston to Washington covering George Washington's trails. They refuel in Washington and head to Pittsburgh next, with stops listed along a route through Mount Vernon and multiple towns.
MENTIONED IN THIS ARTICLE
Washington
James H. Doolittle
Anne Madison Washington
George
Miss Washington
Mount Vernon
Kennett Mail
Vason'sbury
N. C
Winchester
Union
Pittsburgh
Prescod
Yee
Waterford
Rome
Crown Point
Albany
West Point
N. Y
Vice-President to Pass Cedar Rapids on Olympic Trip
Vice-President Charles Curtis will pass Cedar Rapids Wednesday at 2:25 a.m. aboard the Los Angeles Limited en route to California for the opening of the Olympic Games.
MENTIONED IN THIS ARTICLE
Cedar Rapids News
Charles Curtis
Cedar Rapids
Los Angeles
California
Night Sticks Swing in Washington Bonus March Clash
In Washington a march by radical bonus expeditionary force veterans toward the White House ended in fist fights with police. Dozens were arrested, including John Pace of Detroit, charged with inciting a riot. Police kept traffic off Pennsylvania Avenue as the scene resembled an armed camp.
MENTIONED IN THIS ARTICLE
Washington
White House
Bonus Expeditionary Force
Executive Mansion
Pennsylvania Avenue
Treasury Building
John Pace
Detroit
Radical Wing
Pace
Executive Avenue
Fifteenth Street
Walter Eiker
Sylvester G. McKinney
Oakland
Calif
John Demetrick
New York City
David Budd
Washington, C
Louis Priovolos
Frank Thomas
Portland
George Repreas
Albert Gershowitz
New York
Farm Board Blamed for Low Wheat Prices
Kansas City figure Frank A. Theis says the Farm Board and government action kept wheat above market levels by preventing normal surplus disposal. He alleges coercion of cooperatives, misuse of taxpayer funds, and broad government competition with private grain traders.
MENTIONED IN THIS ARTICLE
Farm Board
Kansas City
Frank A. Theis
Kansas City Board of Trade
House
Theis
United States
Agricultural Marketing Act
Federal Farm Board
Treasury
German Cabinet Seeks End to Martial Law in Berlin
The German cabinet asked President Von Hindenburg on Monday night to rescind martial law in Berlin and Brandenburg, with the move slated for Tuesday.
MENTIONED IN THIS ARTICLE
Berlin
Cabeinet
von Hindenburg
Brandenburg
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Verne Marshall
Central States
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Gov
Bura
Idaho Independent Republican
Senate Department
Rainey
Pat
Debt Funding Commission
Preme Court
Mellon
U.S
Flo Ziegfeld
Libby
Probers
Bulletin
Florida
Radical