Schwab discussed as potential Iron and Steel Institute leader
Charles M Schwab voiced support for Robert P Lamont in his resignation as president of the American Iron and Steel Institute. Lamont steps down after 14 months at a $100000 salary, amid NRA code debate and industry regulation worries. The institute will focus on code compliance and government reporting as the search for a successor continues. In Grundy Center, a $25,000 auto crash suit against Central Iowa Telephone Co settled out of court with a $5500 payoff to Mrs. Lu Booth.
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Charles M. Schwab
Steel
Robert P Lamont
The
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Schwab
Lamont
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NEW York
Charles M Schwab
Robert P
NRA Institute
Iron and Steel Institute
Grundy Center
Lu Booth
Central Iowa Telephone Co
Reinbeck
Record Wall-eyed Pike of Season at Okoboji
True Art cub George Henry, 10, with his father L E Henry, caught a wall-eyed pike in Lake Okoboji this summer. LE Henry, 119 Nineteenth Street SE, hooked a pike weighing 11 pounds and four ounces and just over thirty inches long. His son George also set a record by swimming across the lake a mile and three quarters in forty minutes. In Belle Plaine the commerce club elected Butzloff president with Wallace Snider as first vice president and others elected to the board.
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Iowa Lakes Region
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R L Hancock
Fletcher Park
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Board of Governors
New York Stock Exchange Threat to Move to New Jersey
The New York Stock Exchange warned it may relocate to New Jersey if the state imposes a stock transfer tax. The proposal, backed by aldermen, could drive securities business out of New York, prompting debate over the potential loss of jobs and activity on Wall Street.
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Rail Fare Cut Likely by December
Washington AP reports that the commerce commission contemplates a general reduction in railroad fares by December 31. Railroads have not yet proposed specific decreases and the exact amount remains to be determined.
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Commerce Commissar
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NRA Plans Speedy Aid To Iowa Farmer
NRA leaders outline rapid aid for Iowa farmers as a recovery move and seek to raise agricultural prices and expand farm mortgage refinancing. Senators Dickinson and Kraschel advocate looser farm credit and direct bank lending via Washington RFC. An executive session discussed messaging to Washington and an emphasis on backing the President's program.
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Iowa
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L. J Dickinson
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Des Moines
State Federation of Labor
Miss Windsor Loses Verdict of 75000 in Divorce Case
The court verdict favored Miss Windsor in the divorce dispute with broker Read. Read testified taking blame for the affair while his mother supported fault on Read. A retrial motion for excessiveness was filed as an appeal possible.
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Upton Sinclair Abandons Socialism to Seek Governor Post
Los Angeles report states Upton Sinclair, a leading California socialist writer, abandons the party to run as a Democratic candidate for governor, announced on Thursday.
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Los Angeles
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Socialist Party
Thursay
Roosevelt era plan sparks debate on inflation and gold policy
The article reports discussions among Harrison Fletcher and President Roosevelt on monetary remedy ideas including issuing treasury notes and raising gold prices. It notes expectations of open market operations rising from 10 to 40 million dollars weekly and cites Senator Louis Murphy pressing the Farm Credit Administration to raise farm land values to avert failure, arguing inflation may provide relief. Troubles arise from refinancing inflated debt on deflated values.
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Harry Sinclair Demands Oil Price Regulation Fight
Harry F. Sinclair, chairman of Consolidated Oil, urged halt to efforts against thorough price regulation, arguing opponents aim to annihilate competition. The oil control board faced a Texas firm refusal to provide statistics needed for prospective price fixing, with W. S. S. Rogers withholding data after discussions with other officers and directors.
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Harry F. Sinclair
Consolidated Oil Corporation
Oil Control Board
Texas Company
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