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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 07, 1935
Page
1
A disjointed passage discusses James F. Toy and other Iowa bankers, bonds, warrants, and investments. It mentions receipts totaling various sums, funds from organizations including Neis Riders and Girl Scouts, and concerns about beer tax pledges and public deposits.
Father Coughlin will answer General Hugh S. Johnson’s 10:15 to 10:45 pm NBC radio address from Detroit. Joseph Tumulty and others praise Johnson for his critique of Coughlin and Huey Long, while most responses support the general and few protest.
Washington dispatch reports Senator Huey P. Long challenging the New Deal drew early reprisals threats from the administration. General Hugh S. Johnson moved toward a quick decision as Long continued his attack, with continuation noted on Page 9.
Directors of the W. A. Sheaffer Pen company declared a dividend of 1 per share payable March 15 to holders of common stock of record March 9 for the first half of the fiscal year. The annual statement shows higher sales and profits for the year ending Feb 28 and will be mailed to stockholders around April 15.
A 1935 essay on self-reliance and optimism urges readers to take responsibility for success and happiness. It contrasts steady resolve with dependence, praising confident action, mutual respect between buyers and sellers, and the courage to pursue life’s adventures even amid hardship.
Croydon England thieves abducted $99,000 in American owned gold from the airport strong room during the night. The loot included sovereigns American gold pieces and bars awaiting shipment to Paris and Brussels for American interests. This marks a second major gold loss on British air lines in recent weeks after a $100,000 bullion box dropped from a plane en route from Paris to London.
In Washington the move to replace NRA and its code with a largely voluntary system of self-government in industry gained progress as Senator George of Georgia indicated President Roosevelt backs a broader revision. He warned no NRA extension would pass unless its powers are sharply reduced.
Snow flurries fell as a descending mercury showed a chilly afternoon. Temperatures dropped from 31 at 1 15 to 29 by 2 30 pm with a 24 degree low earlier that morning and only a slight noon rise.
The nation mourns Oliver Wendell Holmes former associate justice of the U S supreme court dies at 93 after a battle with pneumonia in Washington D C He was known as the grand old man of American jurisprudence and a liberal voice on the court His funeral will be held at All Souls Unitarian Church with Arlington Cemetery burial His long career featured many minority opinions later treated as texts by lawyers and scholars
The Mellon income tax inquiry before the board of tax appeals was recessed until Thursday out of respect for Justice Oliver Wendell Holmes who died in Washington. The recessed session paused after the Wednesday hearing.
Two Iowa-Des Moines National Bank executives told a legislative committee they did not know of or pursue the $3.5 million sinking fund anticipatory warrants offered through Carleton D. Beh Co. Bank head James F. Toy indicated he would have bought warrants at sub five percent if risk had been deemed satisfactory. Beh testified he had offered $1 million in warrants at five percent to Toy National Bank of Sioux City.
Sofia reports concern over possible Turkish actions tied to the Greek rebellion. The supreme military council met after Greek rebels crossed the frontier as Bulgaria watches for any incident or attempts to aid Greek forces.
An ice jam north of the North Western bridge grows perilous by noon with boats and boat houses swept away. Dynamite blasts from City workers opened a channel near the railroad bridge while flood currents push ice north toward Ellis park.
Washington reports a presidential press conference in which Franklin D. Roosevelt says prices have risen and debts were reduced, but stabilization at current levels is not yet justified. White House clarifies no plans to devalue the dollar and keeps options open for future action, possibly aiming at a 1926 price level.
Leland Andrews, veteran Los Angeles transport pilot, completed a record flight to Mexico City landing at 4 10 p m after 8 hours 9 minutes for a 1670 mile hop. He carried five passengers including designer Gerard Vulte and his bride Sylvia Parker, Col Velarde, police chief James E Davis and Arthur Holliday.
London reports a new Anglo German peace parleys date will be set soon after Adolf Hitler’s cold caused a postponement. Sir John Simon British foreign secretary may travel to Berlin as early as next week as government defense plans face criticism and naval estimates rise to the largest since 1922.
Louisiana Senator Huey P Long fired seven charges at Postmaster General Farley in a letter to the Senate Post Office committee accusing him of thwarting indictments and using office for personal gain. Long also attacked Senator Robinson over relief and tax issues as a packed gallery watched on the Senate floor.
United States District Judge Wayne G Borah ruled the NRA unconstitutional while denying an injunction against Hammond Box Company Inc Hammond Louisiana to restrain violations of the lumber code minimum wage and maximum price provisions.
Des Moines AP Polk County Attorney Carl Burkman will present all evidence from the death of W. C. Fuller to the county grand jury. Two witnesses from the Iowa Mayor Control Enforcement division may be summoned. Fuller was found dead in his car with a bullet wound and a gun nearby.
An item lists Cedar Rapids toll figures for 1935 detailing 60 accidents 69 injuries and 5 deaths in the period reported. The terse line reflects local transport peril and safety concerns.
Cedar Rapids investment broker E. B. Laurer testified before a legislative committee that State Senator Paul Schmidt was dismissed from the Jo Daviess County Distillery after Schmidt allegedly pressed for a higher commission and amid rumors the liquor commission paid a dollar per case to promote its products. The discussion occurred at a Des Moines meeting in Cooper's office between Laurer, Schmidt, and commission officials.
Four people died and 17 were injured when the Bordeaux Paris express crashed at St. Loubes on Thursday. The derailment occurred during the journey, with authorities investigating the cause and extent of the casualties.
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