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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 12, 1932
Page
4
Former fellow townsman Jim Reed assails President Hoover in Des Moines. He likens Hoover to a crow, a coyote and a fox and calls him a thief and a prevaricator. The effect on Hoover’s campaign remains to be seen as farmers and others react to the rhetoric.
Samuel Insull was released from custody in Athens while Chicago authorities said they would appeal to President Hoover for help in extradition to face larceny and embezzlement charges. State's Attorney Swan son prepared to travel to Washington with assistants to press for action, as a list of 1,301 favored investors who profited on Insull stock was made public in Chicago. Samuel Insull Jr. and his mother were reported consulting Paris lawyers on the matter.
At a federal hearing into Samuel Insull’s losses during his career as a leading utility magnate the salary peak of half a million dollars annually was disclosed. The list of 1301 favored underwriters earning 25 to 51 percent profits also names many securities houses and Insull entities, including Credit Issue, a European house, which took 10 million. Notable names: Mayor Anton J. Cermak of Chicago, former Senator William Lorimer, Owen D. Young, and Frank L. Smith. Major firms listed include H. L. Doherty, Halsey Stuart, Peabody Coal, George Pick, and Pynchon.
In Albany Texas Democrat and vice presidential candidate John Nance Garner arrived for talks with Franklin D. Roosevelt and rebuffed reporters asking about muzzling. He challenged whether anyone could prevent him from speaking, joked that other candidates campaigning hard often fail, then laughed.
Newberg Oregon firefighters pumped the well dry at Fred Shick’s farm but the house burned to ruins. Milk was used to tame the flames and protect the barn and outbuildings.
CHICAGO INS reports Frank Griffin aged 60 died from exposure as the city faced a record cold day with the thermometer at 33 degrees. The fatal exposure occurred Tuesday amid the coldest Oct 11 in Chicago since 1905.
The readable text hints at a distressed boy who has endured hardship, mentioning his visits during what is described as one of the coziest periods in a nation’s history. The fragment lacks clear names, dates, places, or events to establish a full report.
Will Rogers departs for a grand tour of South America traveling down the west coast to Chili Argentina Brazil and up the east coast. He plans to return before the election to observe and report without voting aiming to offer fresh news beyond Hoover and Roosevelt quotes.
In Burley Idaho Senator William E Borah outlined a four point economic recovery program focusing on expanding the currency to facilitate trade restoring world markets reforming monetary systems and reducing government waste He criticized party plat forms and urged practical steps over sterile rhetoric while warning that high taxes and debt hinder prosperity and that debts have surged from farmers to the government leaving workers aiming to serve debt rather than development.
At the Eastern Iowa Veterinary association meeting in Cedar Rapids Tom Holbert a Greeley horse importer says cheap horses are the hottest market. One eyed nags and blemished animals now fetch 50 to 100 dollars as scarcity of farm horse power drives demand while better teams grow cheaper. He predicts improved conditions will raise demand for all horses on farms.
The Reconstruction Finance Corp creates a special division to promote abroad sales of surplus agricultural goods. It aims to lift prices for grain, cotton, fruits, and pork by backing loans up to about 8 million dollars, with foreign collateral allowed. Europe, the Far East, and drought or famine areas are seen as primary markets.
DES MOINES INS reports H E Spangler, national committeeman, said former Senator James A Reed’s Monday night address for Governor Franklin D Roosevelt did more good than harm to the Republican cause. He called Reed an entertainer and accused him of twisting the truth while noting Reed conceded Democrats have no plan to lift the country.
Washington reports that Canada will raise duties on about 220 items effective Wednesday midnight. The tariff hikes align with agreements from the Ottawa Imperial Conference and are set to take effect as advised to the commerce department.
The Cedar Rapids Gazette joins with nearly thirty newspapers in the Iowa Daily Press association to conduct a straw poll of readers on President, Governor, and U.S. Senator. Ballots will be printed once on Oct 17 to prevent ballot stuffing, with results announced daily starting Oct 19 and across Iowa once tabulated.
New York AP reports another failed attack on the American dollar causing confusion for foreign speculators who had sold short last week. Major exchanges recovered most losses this week as bankers say the dollar is now firmly tied to the gold standard, more than ever, despite earlier gold shipments to Europe.
Belfast faced deadly unrest as jobless mobs clashed with police in Falls Road and Albert Street. Three men were killed and many wounded as 2000 officers restored order with guns, truncheons, and armored vehicles. A curfew was set from 11 p.m. to 5 a.m.
In Jacksonville Florida defense witnesses offered conflicting testimony in the murder trial of two former prison guards. They supported the prosecution claim that an effort was made to mislead authorities about Arthur Maillefert a young convict from Westfield New Jersey who allegedly hanged himself in a prison sweat box. Convicts James Birmingham Harry Schneider and Coy Mitchell testified Maillefert had indicated plans to hang himself and that the chain and rafter setup aided suicide. The defense presented these testimonies after Judge Gibbs refused to direct a not guilty verdict.
Eight Omaha men including former police sergeant Tom Crawford seek immunity from state and federal prosecutors as they prepare to testify for the government in a case against fifty nine alleged members of a local liquor syndicate accused of violating prohibition laws. The group also features George Volker ex convict Charles Hutter former Sarpy county sheriff John Kubik and four younger witnesses.
In Paintville Kentucky police found eighty cartons of cigarettes stolen from local merchants stored in the basement of the courthouse. The discovery follows reports of thefts across the area and underscores ongoing concerns about criminal activity near public buildings.
AP report from Washington on the American Bar Association session where Wisconsin public service commissioner David E. Lilienthal urged state regulation of public utility holding companies. Martin J. Insull defended operating company regulation, arguing holding firms remain publicly regulated and should face control.
Four United Airlines passengers aboard a Chicago bound flight were overcome by carbon monoxide fumes from the plane exhaust on landing at Municipal airport in Kansas City. They were rushed to Research hospital with Fred Schnell of Chicago listed in critical condition. Co pilot discovered unconscious passengers just before touchdown and warned others to fasten belts.
William Alden Smith 73, longtime politician and businessman, died at home in Grand Rapids. He served in the U S House for seven terms before a Senate term from 1907 to 1919. He later led business ventures including Herald Publishing and chaired the Grand Rapids Savings Bank board.
In Hobbs New Mexico a wild oil well within the city sprayed oil over the area causing fear. Officials warned of possible disaster from a spark and ordered fires and lights out. Fire hoses were laid in a three block danger zone and pedestrians and vehicles were kept away.
In New York on Tuesday night Calvin Coolidge urged Hoover’s reelection. He attacked current economic and political problems, reiterating support for the President and faith in the Republican cause. The full address appears on page ten.
Former President Calvin Coolidge spoke to a 21 000 audience praising President Hoover as a leader who safeguards employment by strengthening business. He traced economic history since the Civil War and warned against drastic political change, arguing no government can guarantee perpetual prosperity. He blamed tariff issues on changing conditions and criticized Democratic raids on the treasury.
A report for the American Bar Association concludes organized gangdom grew from prohibition, aided by a tolerant public and corrupt officials. It dismisses War era moral breakdown and postwar institutional failures as primary causes.
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