26 Jul 1932
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 26, 1932
Page
1
Chicago bankers voice cautious optimism about an economic recovery as restraint eases and Sanity returns. The piece cites a $50,000 city treasury balance aiding Cedar Rapids finance policy and discusses the Smith McAdoo rift, Texas politics, and Andrew Mellon’s potential resignation as ambassador to England.
Police dispersed a 200 strong veteran protest at the treasury area as organizers prepared a march on the White House. Arrests were made including John Pace and Albert Gershowitz, a fight occurred, and Eicker was jailed after climbing a tree. Police chief Glassford urged restraint as the disruption lasted under an hour and the crowd dispersed.
Florenz Ziegfeld rests at Forest Lawn after a private service attended by wife Billie Burke daughter Patricia and about twenty close friends from Hollywood. Notables present include Will Rogers Eddie Cantor Lionel Barrymore Marion Davies Norma Shearer and Ethel Barrymore. Rev Frank Gibson delivered a short eulogy praising his life devoted to beauty, with John Boles singing Going Home. Burke plans to resume work Wednesday and likely transport the body to New York for burial within a month.
Ralph Knolk was arrested at Garrison by federal prohibition investigators and waived arraignment. He faced a charge of illegal possession and transportation of six gallons of alcohol and was bound over to the federal grand jury on a $500 bond.
In Chicago Mrs Rosalie Ziegfeld 83 mother of Florenz Blagtels lies in a coma unable to recognize relatives. Doctors say she is near death and cannot be told of the Hollywood producer’s death on Friday night. Messages of sympathy flood the parental home from relatives and friends.
Alfred Holman Holman, father of Libby Holman Reynolds, accuses Forsyth County officials of persecution and self seeking motives as a grand jury probes Zachary Smith Reynolds death. He asserts evidence suggests self destruction while noting his daughter is ill and in seclusion. Sheriff Scott and coroner reject his claim and pledge to identify those responsible.
Washington AP reports debates over war debt politics as Senator Borah proposes cancellation of debts within a broader settlement of war issues. Leaders question prospects with Hoover silent and Congress largely opposed to discussing revisions as December reconvenes.
Philadelphia Athletics toppled the New York Yankees 4 3 behind a late rally before Roger Cramer broke a collar bone. game was the only major league action Monday with other late sports news noted in the issue. The AL standings show New York at 60 7, Detroit 10 0, St Louis 1 0, while the NL results include 2 1 for the visitors and 6 3 for the home side, with rain affecting the St Louis game.
New York traders sent stocks higher on Monday with several leading issues rising by 1 to 5 per share, marking the most active session since early June. The market climbed to its best level since mid May as turnover neared 1.5 million shares, and steel stocks surged ahead ahead of United States Steel Corp directors meeting.
An eight car express train struck a six car local on the Chicago elevated system injuring 21 people, 15 seriously. Motorman Fred Hanesmann said brakes failed to hold, causing the collision that splintered vestibules and derailed five cars. Firemen rescued victims as traffic stalled over an hour.
Fortune magazine reports Herbert Hoover’s personal fortune fell from about 4 million dollars in 1914 to roughly 700 thousand today. The loss stems from bad investments by Intercontinental Development and other ventures, plus salary cuts and heavy war relief spending. The remaining capital sits in bonds, with annual income about 35 thousand from investments and 60 thousand salary as president.
The August Fortune issue features a Grant Wood illustration depicting Mr Hoover’s West Branch home. A colored painting reproduces the piece for the article and a canvas from the scene is shown in an eastern gallery exhibit.
Reports from Malvern and Bedford Iowa detail confessions by farmers Fred Cozad and Elza Jones alleging the killings of their respective sons-in-law Gale Vandershule and Thomas J. Allen. Cozad was arrested in Nebraska after fleeing the scene of Vandershule’s death during a carnival gathering. Jones confessed at Bedford after authorities announced he described the crime, its location on the Jones farm near a ravine, and the disposal of Allen’s body in a shallow grave. Investigators stated signs including a stored axe and a spade were recovered for possible analysis.
Bulletin from Bellefontaine Ohio says wrecking crews work amid the debris of forty Big Four railroad freight cars believed to hold between ten and fifteen train riders. The exact fate and identities of the victims are not yet confirmed as crews continue to search the wreckage.
Chicago campaign organizers aim to cut 750 million dollars from next year’s federal budget. Fourteen state chairmen of the National Organization To Reduce Public Expenditures are coordinating drives in their districts led in Illinois by Walter W. Williams of Benton. John D. Adams represents Iowa.
Special message from Will Rogers about Flo Ziegfeld mourns the master showman who brought beauty to entertainment and left a lasting badge of service. He recalls how Ziegfeld united performers from diverse backgrounds and provided friendship, guidance, and opportunity across nations and races.
Mrs Miriam Ma Ferguson, 57, leads eight Democratic primary candidates with 300,805 of 711,779 votes tabulated in Dallas. Sterling trails by about 73,000, with runoff expected August 27. Ferguson campaigned via Ferguson Forum and attacked Sterling excesses while national prohibition questions drew wide interest.
Miss Anne Madison Washington rides with Maj Jimmy Doolittle in a Lockheed monoplane to mark the Washington bicentennial and the postal service birth. The coast-to-coast flight from Kittery to Washington spans about 2900 miles through 14 states and the District of Columbia with mail drops en route.
Col Esteban Delgado a Cuban war hero and Capt Garcia Sierra of the Havana police were killed Monday in a clash between suspected political opponents and police during a raid on their headquarters.
Washington cabal members harshly criticise Peter Carey president of the Chicago board of trade for saying the grain futures order will injure the market. They support the government cloture action aimed at granting Farmers National Grain cooperative full trading privileges if courts sustain the order.
The Chicago Board of Trade will appeal the federal closing order basing the case on a constitutional test of the grain futures act. Peter Carey, president, and other officials prepared the appeal, which will be free.
Lt. Johns reporting that Capt. Wolfgang von Gronau flying from Greenland to Labrador was making good progress in thick fog. His plane’s radio messages placed a coast approach about four hours after leaving Greenland, around 360 miles northeast of Cartwright.
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