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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 28, 1933
Page
1
A Chicago Tribune tone column notes ongoing political and economic tempo in Washington. It cites the Morgan Bank, the gold standard, inflation, and President Roosevelt's policy moves as shaping fiscal strategy and public reaction. It mentions Daugherty, Means, Brookhart, and farm policy shifts with hints of scandal and political maneuvering.
The Senate passed Roosevelt's emergency railroad aid measure without a record vote and sent it to the House. The bill would allow government control to improve efficiency and economy, protect bank held securities, and limit dismissals during restructuring. An amendment on a six hour day was withdrawn after consensus with Roosevelt and unions.
A meditation on wisdom that distinguishes it from knowledge and cleverness. True wisdom is gentle, just, calm, patient, and sees life with insight, understanding causes and values beyond mere facts. It comes from living, grace, and the intuitive, spiritual mind rather than logic alone.
Gov Pinchot and the state Democratic chairman demand the resignations of Pennsylvania Supreme Court Justices William L. Schaffer and John W. Kephart after their names appeared on J. P. Morgan's stock purchasers list. Pinchot threatens removal if able.
Former Minnesota Governor O A Eberhart sues Brownhardt Investment of Kansas City in Hughes county circuit court seeking 2950 dollars. He alleges fraudulent claims in a deal swapping Hughes county real estate for an apartment building in Missouri. The case moved from federal court and awaits a jury next week.
President Roosevelt departed the White House in an automobile for Quantico Virginia to board the Sequoia for an overnight Potomac river cruise. Secretary Woodin along with Dr. and Mrs Cary T Grayson accompanied the president.
Early returns from Nevada counties favor eighty one wet delegates and no repeal delegates as voters chose delegates to county conventions that will send representatives to the state repeal convention on Sept 5. In Delaware anti prohibition leaders claim victory as seventeen at large delegates to a state convention for ratification were chosen with about 100000 votes cast and Wilmington contributing over half.
Roosevelt and congressional leaders accelerate the emergency program and fix June 10 as the adjournment date for the extra session. The President will send next week a tariff proposal tied to reciprocal agreements. War debts action is dropped from the calendar. negotiations with foreign powers continue with possible relief or cut in installments.
Foreign holders of American gold bonds may seek to block repudiation of the gold clause by taking the dispute to the permanent court for international justice at the Hague. Past Hague decisions in 1929 supported the gold clause, while a British appeal ruled a Belgian electric utility could pay in depreciated sterling. The case hinges on whether the United States agrees to adjudicate.
Washington AP reports the administration moves to abolish gold clauses in existing and future contracts, making public and private obligations payable in legal tender. Speedy committee approvals followed, with House and Senate panels voting to advance the measure amid strong debate on repudiation and economic independence.
President Roosevelt will ask Congress for authority to enter into an international tariff agreement with predefined restrictions. Senate majority leader Senator Robison was indicted Saturday after White House talks. Congress would have 60 days to disapprove any pacts before they take effect. Definite limits will be set on tariff boosts or cuts.
The period May 29 to June 3 forecasts scattered showers Monday, generally fair Tuesday and Wednesday, and occasional showers later in the week. Temperatures near normal across the region.
Sheriff Joe Perry freed fifteen workers at the Pottawattamie County overseer of the poor office after about 200 demonstrators demanded immediate access to $5,000 from the Reconstruction Finance Corp for food purchases. Miss Janet Kovalcheck, a social worker, may resign following the incident. Eight hundred local project workers recently laid off under RCF loans fueled the protest.
President Franklin D. Roosevelt and Japanese envoy Ishii issued a joint statement Saturday expressing hope for peace in the Far East and world, and for renewed prosperity. They spoke of cooperation to lay the foundations for global peace and improving monetary conditions including silver prices.
Iowa Attorney General E L O Connor studied the beer law to see if the Amana colonies can qualify to sell beer within the colonies. The law allows sale only in incorporated cities and towns, and the Amana villages are not incorporated. The colonies may rely on a country club provision if eligible. A colony committee had asked for a ruling.
At the world arms conference in Geneva the United States led calls for total abolition of aerial bombing. Hugh R Wilson urged Britain to drop its police- bombing reservation and argued no exemptions should exist. Rudolph Nadolny welcomed civilian aircraft supervision with limits, while France moved away from internationalizing civil aviation.
The United States announced it will continue the Geneva disarmament drive, delaying a pre London June 12 deadline. Ambassador Norman H. Davis reported new obstacles but believed a few more weeks could yield an agreement.
Hyman Pro jansky age 48 was discovered with a gunshot wound to the head in a parked automobile on the Chicago west side Saturday afternoon. Police pursued a complete mystery surrounding the shooting.
A Cedar Rapids Gazette appeal promotes Camp Good Health inviting donations to fund sick and undernourished children's summer care. The piece features Jane a seven year old recovering at home and argues money buys health and happiness through sunshine, food, and fresh air programs.
President Roosevelt signed the Blue Sky law to require full publicity of new security issues and curb high pressure salesmanship. The act will be administered by the Federal Trade Commission with domestic and foreign issues registered weeks before sale. Key lawmakers Senator Robinson Rep Rayburn and Senator Fletcher joined the White House signing and outlined enforcement aims.
Federal Judge J. Symes sentenced Carl W. Pearce to twenty six years in Leavenworth for conspiracy to kidnap Charles Boettcher II who was held for sixty thousand dollars in ransom. Arthur Youngberg received sixteen years on conspiracy and sixteen years on kidnaping plus a thousand dollar fine. Mrs Verne Sankey was dismissed on charges but rearrested as she left court on a new implicating charge in a separate kidnaping case.
Sen Reed of Pennsylvania said he will renew a push in the senate for a sales tax to finance the Roosevelt industrial recovery public works program. The measure was rejected by the house in passing the administration industrial bill. Reed, ranking Republican on the finance committee, seeks support from Sen Walsh of Massachusetts and others in both parties.
Robert Lahr, six, was found suffocated in a wooden box on a vacant house porch in Eagle Grove after entering the box Friday afternoon. No violence was found. Parents Edward and Mrs. Lahr reported the boy missing and police joined residents in a full-day search before the body was recovered.
Senate investigators revealed Morgan profits from security flotation and syndicate deals totaled over 16 million dollars for 1927 to 1931 with hints of additional undisclosed gains. A Banker pool later added about 1.07 million in profits with Morgan taking 170 thousand.
In Flint Michigan a wealthy widow Frace B Macdonald 34 was found beaten to death in her Crescent Drive home. Her son Balfe Macdonald 17 fled after a Friday meeting where he threatened to kill himself. Police launched a wide search as investigators noted missing $1000 and the family link to former bank cashier Bruce J Macdonald.
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