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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 28, 1934
Page
1
Senate action links Nye plan to raise federal income taxes to 98 percent above 10,000 and double below 10,000 to curb war influence. Roosevelt dodges Chamber of Commerce questions on monetary policy. Detroit girl murders after selling school tickets prompts safety concerns.
The Federal Advisory Council urged a gold standard before any durable recovery, warning against fluctuating currencies and stressing a balanced budget. It rejected monetary experiments and urged private initiative over government money in the economy. The council called for stable money and international action toward a gold basis.
A Cedar Rapids toll report summarizes road danger with figures for accidents injuries and deaths. The item notes the year’s toll and calls for awareness and safety measures.
President Roosevelt told the New York Herald Tribune sponsored women's conference that Americans have their feet on the ground and should distrust rumors that aim to incite fear. He cited a Wall Street rumor about cabinet resignations and urged readers to analyze sources and motives before believing reports. He noted growing public interest in improving economic and social conditions.
Former North Dakota governor William Langer told farmers in southwest Iowa that President Roosevelt wants to aid farmers but is poorly advised. He criticized Secretary Wallace and Milo Reno, and derided the AAA as alphabet soup that will end in IOU.
Clarence Darrow told United Press that Bruno Hauptmann can only be saved by a sensational alibi. He warned the alibi must be tightly corroborated to create a sensation and break the circumstantial evidence surrounding Hauptmann.
President Roosevelt plans a Sunday night radio address to claim the New Deal is working and the “team is still scoring.” He will not rebut critics directly but will respond to their concerns amid business opposition and drought relief efforts. The address comes as Congress races toward midterm elections and NRA AAA debates continue.
New York authorities press on with clues in the Lindbergh baby case. Col. Lindbergh, in disguise, confronts Hauptmann in the Bronx DA office as J Edgar Hoover signals progress toward arrests. A Bronx report links John Maurer to Hauptmann, while Condon's ransom tale is reviewed for completeness.
AP reports the Lindbergh ransom money totaling 50 000 dollars with Breslin detailing the distribution. Hauptmann assets 16 000 dollars market losses 7 000 dollars found in his garage 14 590 dollars ransom bills spent 5 100 dollars loan to Isidor Fisch 7 500 dollars.
Dr M H Draper of Fort Wayne Indiana was elected president of the Mississippi Valley Sanatorium association at a convention in Cedar Rapids with Dr J A Edwards of Oakdale named vice president and Dr D O N Lindberg of Decatur Illinois chosen secretary.
Premier Mussolini ordered 50 000 lire spent on repairs to the Leaning Tower of Pisa. The historic monument, a famed world landmark, will receive funding for urgent stabilization work as Italy allocates scarce resources.
In New York, after being questioned by justice department agents, Bruno Richard Hauptmann the Lindbergh case suspect stated he is an atheist and that willpower is what he believes in. He added willpower is everything.
A reflective piece discusses invisible walls of shyness that hinder intimate expression between loved ones. It notes couples may be loyal yet unable to speak openly, and friends or family may feel more at ease confiding in strangers than in those closest to them. It ends with a reference to Dr. Newton.
A reflection on keeping romance from settling into routine. It warns against indifference and emotional distance, urging open demonstration of love to prevent loneliness. The piece emphasizes that love fades without expression and stresses continuing connection with close partners.
A warrant for first degree murder was issued for Merton Ward Goodrich 26, suspected attacker in the death of 11 year old Lillian Gallaher whose body was found in their Detroit apartment. Police urge vigilance as the manhunt extends across Michigan and neighboring states. Authorities consider door to door fundraisers a risk after the girl's selling tickets for a school benefit.
Washington reports peace in the textile industry as mill owners pledge not to discriminate against strikers except those who engaged in lawless violence and to cooperate with the Winant mediation board. The Cotton Textile Code Authority announced the stance after Roosevelt urged harmony and named a textile labor relations board to settle disputes.
George A. Sloan chairman of the textile code authority met with the White House to review the industry's position. He said conditions under the code have improved and that collective bargaining with the United Textile Workers is not feasible now. The group will seek a conference with the President on code amendments.
Five men armed with pistols held up three Boston Elevated railway employees at the Dudley street terminal on Thursday morning and fled with between 2000 and 2500 dollars.
Linn County topped Iowa in Christmas seal sales last year with 4217 dollars raised and a per capita rate of 6.1 seals. The Mississippi Valley Tuberculosis conference heard plans for the year with a total 4300000 seals to be sold in 1934, an increase of three million. Frances Brophy of New York City outlined the seal motif and mail sale setup, while local speakers described county and rural sale organization.
The Federal Reserve Board on Thursday finalized a sliding margin scale ranging from 25 to 45 percent of current market prices for securities. Effective Oct. 15 with a 15 day extension, the rules align with the 1934 Securities Exchange Act and keep most stocks near the lower end as prices hover near recent lows.
The new margin requirements will apply to stock purchases but will not retro actively undo existing under margins. Under margined stock accounts will face restrictions that prevent owners from weakening their relative margin position.
Berlin AP reports German police headquarters promised Detective Arthur Johnson of New York full cooperation in tracing Bruno Richard Hauptmann. He is advised to go to Dresden to contact the state criminal investigation department which will assign secret service men to assist.
Secretary Wallace defends government not overbearing in business and calls for social justice. He critiques pure capitalism and contrasts socialism fascism and free enterprise. The Collier's Weekly piece previews his book New Frontiers and ties to Hoover Johnson book plans.
President Roosevelt selects five to run the national recovery board replacing General Johnson. A six member policy committee led by Donald Richberg will set recovery strategy. Members include Clay Williams A D Whiteside Sidney Hillman Leon Marshall Walton Hamilton and Richberg.
The article notes Berg’s indefinite leave as NRA general counsel and two new figures linked to Johnson-Richberg and Perkins resignations. Roosevelt’s stance appears to resist Johnson’s call for federal withdrawal from business. The Richberg group gains power, with a five member NRA board empowered to set policy and manage administration.
A long legislative battle over the continuance of the NRA is forecast as Hugh S. Johnson resigns as recovery administrator, creating uncertainty. Senators Nye and Borah opened the fight, with the American Federation of Labor pressuring lawmakers to support continuance, while Standard Oil leaders oppose the current setup.
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