Chester Times (Newspaper) - March 29, 1933, Chester, Pennsylvania
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FOR SIX MONTHS ENDING SEPTEM BER
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With All Latest and Best News of the Day
57TH YEAR—NO. 17,553.
Datlv I essed Wirt Reports of United Pre<.» (UP) and International N’fwj Service - INS)
CHESTER. PA.. WEDNESDAY. MARCH 29. 1933
PRICE, TWO CENTS
RIVAL RILLS FOR . OF B IN PA. OFFERED
Cause Bickering That May, in the End, Leave State “Wide Open”
Pinchot Measure Differs From Organization’s; Each Has Backing
HARRISBURG. Pa., March 29— (UP)—The fight, over beer control in Pennsylvania started today in the House of Representatives.*
Rep. Sterling. Philadelphia, moved the Sowers-Conner bill providing county courts issue licenses be recommitted to the Ways and Means Committee. The bill had been reported last night by the special beer control committee.
Reps. Sowers. Philadelphia. Lang. links, and Bechtel. Schuylkill, all members of the special committee, opposed the Sterling move as causing unnecessary delay.
The House was about to vote on the motion when Rep. Eroe, Lawrence, reported the bill was not on file.
Speaker Talbot ruled the House must wait until the bill had been printed and the fight was delayed temporarily.
Governor Gifford Pinchot earlier suspended the threat of executive veto over the Sow'ers-Conner beer bill, the only regulatory measure on the Legislative calendars.
The Governor claimed the bill was backed by the “very interests which profited politically from the beer racket in the old days.”
“I will have neither part nor lot in bringing those bad old times back again,” said Pinchot.
The personally-dry executive came out unqualifiedly for the Rep. James I II. McClure beer control -measures. I written by Attorney General William A. Schnader, endorsed by a “coalition” which Pinchot said included leaders of the Republican state organization, and committed to the House Ways and Means Committee.
The committee, it is understood, does not plan to meet this week despite Pinchot’s pointing out that the legislature must start legislation to control beer on April 7 on its way through the House and Senate today to permit its passage in time to regulate 3 2 beer.
Meantime, in the face of the governors disapproval, supporters of the Sowers-Conner measure went ahead with plans to drive it through the legislature.
The McClure bills place licensing in the hands of the State Department of Rf venue. The bill Pinchot opposes provides the county courts issue licenses.
“I have been asked what my action will be upon the Sowers-Conner bill or any similar legislation if it is passed,” read the governor's statement.
“My answer is that I will veto the Sowers-Conner bill or any other bill which puts beer back into politics, cr which promotes the establishment of saloons, or which drags the courts back into the beer business. This might just as well be understood now as later.”
Pinchot said that if ‘‘beer flows like water, unrestrained, uncontrolled and unrestricted all over Pennsylvania after April 6, that will be the fault of the men who have deliberately delayed” the McClure bills.
As reported from the committee, the Sowers-Conner bill provided that J the county courts issue licenses on a scale graded according to county j populations. Procedure similar to the former Brooks High License law would be followed but bars would be forbidden and beverages would be served only at tables.
License fees would be distributed on a ratio plan giving the State IO per cent., the county IO per cent.. I the municipality 40 per cent., and the school district 40 per cent.
In addition there would be a production tax equal to $1 a barrel. J
Continued on Last Page
STATE SALES TAX PAYMENT EXTENDED
HARRISBURG. March 29— (UP) — The Parkinson resolution to extend the date for Anal payment of the state sales tax to May 15 was .signed today by Governor Pinchot.
The resolution provided that all merchants liable under the one per cent, aassessment on their retail sales through a six-month period pay one-half of the tax on April I and the other half on May 15. Interest would be charged from April to the date of full payment of the levy.
FLIES TO \\ VS KINGTON’
WASHINGTON, March 29 (UP) — Mrs. Franklin D. Roosevelt arrived at noon today by air from Newark,
NEW PASSENGER PLANE SHRINKS U. S. A THIRD
SENATE PASSES PINCHOT WARNS ll. S. JOBLESS BILL; LEGISLATURE TO IN HOUSE TODAY PASS BANK CODE
Provides Work for 250,000 Governor ( ballonnes As-in National Forests or somhh and Pa. Bankers
on Other Projects to f inish Fi^ht
Speed) Move Through the Says He Will ( all Extra Lower ( handier Is Set Session and ( ut Off the for Measure Members’ Pay
WASHINGTON. March 29 tUD— HARRISBURG. March 29 (INS)
President Roosevelt's proposal for en- Goy. Gifford Pinchot challenged list merit of overallcd battalions of the Pennsylvania bankets and the Gen-unrmplojed in a reconstruction army eral Assembly t od ac to a finish fight 250,000 .strong was expected to receive over the proposed new banking regalia! Congressional approval today. i ulat ionv Congressmen already have received the Governors warning was this
“Unless the State bunking and
A speedier new eta in transcontinental air travel is expected through development of the “flying panatcla” plane, above. The plane, developed after tests with a I S. bomber, has a cruising ranee of !t!5 miles an hour with ten passengers and crew.* It can till a top speed, without wind brio, of IHI miles an hour, a little better than three miles a minute. Sixty such planes, their two motors built in'o the lo" wings, now are bring con structed for transcontinental service. Tile chart below shows how the planes would cut one-third of the time now required between San Francisco and New Vork.
BOYCOTT SET FOR JEWS IN BUSINESS IN GEHMAN AREAS
HORSES WITHDRAWN FROM RACES TODAY
(By Inned Press)
AT TROPICAL P\RK
1—Victorious. ( hiitenny, Burning Beauty, Tremendous, Sun Tea-
time. Horsays, Screen Idol. Boiling Over.
J—White Bud. Silly Sis, Brown Locks, Hay C, Gamma Delta. Just Fun.
6—Cane Heart, Full Dress. Lucky Carter, Loyal Louie, Baigdora.
Weather, clear; track, fast.
AT AGUA CALIENTE
1—llarshaw, Judge Austin, Beowulf, Dutch Boy, Don, Jr., Larry Shot.
2—Marwig, Miriam K., Bernie, Sed-reg. Cecellia. Governess.
3—Igor. Fair Lay, Perriehon. Southern Charm, Bow croft, Tiverton.
4— None i.
6— None .
7— None i.
Weather, clear, track, fast.
Hitlerites Flan “Retaliation Against Atrocity Lies” Saturday
Many Already ( lose Shops; Press Defends Government’s Action
BERLIN, March 29—1 UP)—Demonstrations against Jewish elements increased today, with sporadic boycotts i in various German communities, despite the government's announcement that its program of “retaliation against atrocity lies” would not begin until Saturday.
In Essen, home of the famous Krupp armament works, proprietors : of Jewish department stores closed their establishments hurriedly on orders of the Brown Shirts. In Wittenberg and the province of Brandenburg, Hitler's storm troopers picketed Jewish shops and forced them to close.
Boycotts of many chain stores were effective. All stores owned by Jewish proprietors were closed in Darmstadt. Jews of Gleiwitz voluntarily c osed during the morning and found their places of business officially closed by I the new dictator s storm troops when I they sought to open them in the afternoon.
Differences between the Nazis and the Steel Helmets in Brunswick appeared to be nearing an amicable agreement. The government lifted its ban against the war veterans' organi-
Continurd on Page Eleven
SEPARATOR COMPANY IS IN RECEIVERSHIP
WEST CHESTER, Pa., March 29 - I (UP)—The Sharpless Separator) Company, one of the oldest and most widely known manufacturing concerns in Pennsylvania, was placed in voluntary receivership today in the Chester County Court.
The Court granted the receivership on a bill in equity and appointed Fred S. W’ood, president of the company, and Thomas M. Slack as receivers A final hearing will be held April 20.
Philip M. Sharpless. of West Chester, who founded the company 50 years ago. asked the receivership. In his bill he set forth that he holds judgments aginst the company for $495,000. He explained that a receivership will save stockholders and creditors from a complete loss.
The Sharpless Company manufactured one of the first cream separators known and enjoyed a worldwide business for years. Recently it had b^en manufacturing electrical refrigerators.
PROPOSES HOLIDAY ON ALL OIL WELLS
WASHINGTON. March 29-UNS)
- A thirty or sixty day shut down of all the flush or flowing oil wells rn the country to give a breathing spM! to the industry pending formulation of a concrete stabilizing program is being considered by Secretary of Interior Ickes.
He suggested this at his conferences with representatives of the giant corporate oil interests, the independents and of the Governors of all oil-producing states on the need of production curtailment. Such action would cut the approximately 2.250,000 barrel daily production at present in half.
FAIR ANI) COLOUR WEATHER PREDICTED
Fair and colder is the prediction today in Eastern Pennsylvania, New Jersey. Delaware and Maryland. Tomorrow's forecast is increasing cloudiness and warmer, with showers in the afternoon or at night.
The highest temperature here yesterday was 52 degrees, at 4 p. rn., and the lowest was 37. at 6 20 a. rn. The average of 44 was one degree below normal for the date but one degree above the average March 28 last year. Maximum temperature for the date is 82, established in 1921, and minimum 18, in 1923.
Sunrise today was at 5.50 a rn., and sunset will be at 6.22 p. in., Eastern Standard time.
TALBOT 2 MILLION RELIEF BILE IS
PASSED IN SENATE
Fund to Be Used During Months of April and May, in Counties
House Has Busy Session; Pushing Turner Economy Measure
HARRISBURG, Pa, March 29 (UP>—The Talbot bill appropriating $2,000,000 to the State Emergency Relief Board was passed 49 to 0 in the Senate today.
The fund is to be used for direct relief and work relief in April and May.
Senator Reed, Dauphin, raised the question of the constitutionality of i the disbursement section of the bill. He threatened to introduce an amendment to the measure, but said that the pressing need for immediate relief funds deterred him. He also declared that $2,000,000 was far from sufficient to care for the 2,000,000 needy in the state.
Regulation of aeronautics within the state is given the Department of Revenue in the Ziesenheim, Erie, bill passed in the Senate.
The House carried the bulk of the program today as it prepared to pass finally the Talbot $22,000,000 general
Continued on Page Eleven
CLUES LACKING IN DAMATO CASE
Funeral of Victim of Gangster Killing to Take Place Friday
While arrangements for the funeral of Pasquale “Patsy” I) Amato, 315 Kerlin street, have been completed for Friday morning, local and county detectives are still seeking the killer of the former beer baron.
D Amato was riddled with slugs from a sawed-off shotgun, while he stood on the northwest corner of Third and Kerlin streets, a few minutes before IO o’clock. Monday night. He died within 15 minutes.
Detectives learned yesterday that the large dark sedan, in which sat five men. including the marksman, wa., parked on the south side cf W^st Third street, near Kerlin street, lor about IO minutes prior to the murder.
D Amate walked from his horn'* on Kerlin street to a small restaurant
( ontinued on Page Eleven
ASSEMBLY TO CUT
Bill in House Proposes Abolishment of Various Agencies
Salaries to Be Gut 20 Per Cent.; Consolidations in Order
HARRISBURG. Pa, March 29 (UP) -Slashing of $10,000,000 from the operating costs of the Pennsylvania State Government is proposed in the new’ administrative code which is up for second reading in the State I House of Representatives today.
The measure. House Bill No. 22, proposing abolishment of various agencies and reorganization of many administrative functions, was reported from committee late last night.
Fate of the bill Is problematic.
I Opponents claim they have sufficient j votes to defeat, it while its supporters contend it will pass by a slim i majority and be sent to the Senate next Monday night.
Abolition of the Aeronautics Commission. State Bridge Commission, Anatomical Board, State Art Commission, State Parks Commission and the State Welfare Commission forms j one phase of the bill.
It changes the personnel of the Executive Board from the Governor and six department heads appointed by him to the five elective officials -
( ontinued on Page Eleven
CITY POLICE COURT HEARINGS TODAY
John Reed. alias Shea. 28, who gave an address in the 3400 block West Fourth street, was fined $10 and costs when arraigned in police court this morning, charged with being drunk and disorderly.
Reed was arrested yesterday after-i noon by Motorcycle Patrolman Burns, following an automobile accident at Ninth and Flower streets, j Reed was a passenger in a car driven 1 by Arthur Weir, 3535 West Second j street, and which crashed into a hearse owned by E. F. White, causing slight damage to the vehicles. Weir was released in his own recognizance to appear for a continued hearing on April 12.
Guy Hasson, homeless, also charged with being drunk and disorderly, was ; sentenced to 30 days in the county prison. He was arrested by Detective Jacob Edell, of the Reading Railroad, when he entered the company’s office at Second and Market streets,
I yesterday afternoon, and created a : disturbance.
PA. PROBERS GET UTILITIES DATA
Glenolden Man Home from ’Quake Terror Aboard Ship
How does It feel to be aboard a liner rocked by an earthquake?
A Times reporter did not have to go further than Glenolden yesterday to find a person qualified to describe the sensation.
Albert E. Laurent, chief radio operator on the steamship President Jackson, who is enjoying a brief shore leave with his mother, Mrs. Emil Laurent, of 208 East Glenolden avenue, told of the thrills which he experienced, while his vessel was tied up at the dock at Port Wilmington, five miles below Long Beach. Cal., when (he 'quake rocked the west coast on March IO
I was in my stateroom en board
the President Jackson at 5 55 p rn on March IO, and I felt the v<*. el shake with a terrific vibration," said the young man, who has been a radio operator for the past five years.
“It never entered my head that it was an earthquake that had shaken the vessel from* stem to stern. My first thought was that a boiler had exploded I ran on deck and found everyone else on board hurrying in the same direction.
“My first thougnt, as I ran to the deck, was whether I should attempt to reach the ship gangway or jump over the side of the vessel The ship
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Pinchot Promises to Furnish Material to McClure (’oui mi ti ce
HARRISBURG, Pa., March 29— • UP) The records on which Governor Pinchot issued charges of corruption against certain public service commissioners will be available to the McClure Senate Committee, it was indicated today The committee and Its counsel, Franklin S. Edmonds, met with the governor and Attorney General Sohnadcr in the third of a series of co-operative conferences here After tile meeting, the governor announced that the committee named to investigate the Public Bendee Commission had arranged” to obtain from him information alleging venality and corruption in the commission.
“I agreed to furnish it,” Pinchot .•ald. Hr referred to material which Included charges thai the late W' D B Ainey accepted utility favors and that another former commissioner, James S Benn, had banked more than $600 000 on a total salary of 1100,000 ‘ It was also agreed on request of the committee that the governor and attorney general should prepare suggestions of lines of investigation which might in their opinion be followed with profit by the committee," Pinchot announced Senator John J, McClure, committee chairman, said the investigators would meet sometime this week in executive session to consider future action
hundreds of letters asking information on how to join the “back to work" corps Small businessmen broken by economic reversals, idle factory hands, farmers, and even a scattering of clergymen wore among tin first applicants
The jobless rebel plan is designed to provide work for a quarter of a million men in the National forests dr on other Federal projects, with sufficient pay to maintain their dependents. It Is one unit in a program which includes creation of a $500.-! 000,000 fund for direct distress relief rn the .states. Debate on the latter measure will begin in the Senate today or tomorrow.
The reforestation bill comes before the House with the ways cleared and I greased for speedy passage.
Yesterday swept through the Senate in record time without the formality of a roll call vote. House opposition will be no more substantial. Leaders predicted that before adjournment tonight It will l>e written into the .statutes of the
United States the fourth major step in the President s plan for economic recovery.
A compromise elfinlnatlng the
mandatory and much-disputed $l-a-day wage destroyed most of the once substantial opposition. It took the sting out of the assaults of the
American Federation of Labor, which maintained the wage scale would destroy free labor and chorused “Hitlerism” at the provision for enlistment. and discipline.
SWORD IS WEAPON
USED IN BRAWL
A sword, such os Is used by members of some Fraternal organizations while on parade, was used effectively as a weapon, during a fight In the home of Agnes Bailey, Negro, St. John street, yesterday.
The swordsman was the woman's son, George Bailey, who ran to his mother* aid when she was attacked bv John Jacobs, 36, Negro, of West. Ninth street. It appears that Jacobs called on the Bailey woman and an argument ensued. Jacobs told pollee he slapped her on the jaw and Just, then he felt a stinging sensation in the rear, below the waist line The woman was also stabbed In the hip when her son made a misguided thrust at Jacobs. Both were taken to the Chester Hospital in a pollee patrol, the man being admitted Young Bailey disappeared.
BRIEF SESSION HELD BY CITY COUNCIL
City Council met in special session yesterday for the purpose of considering three transfer ordinances on second and final readings. The measures were presented by Mayor Ward and Directors Luttrell and Hunter
Council also approved the .security of Vincenzo DI Francesco, of Llanerch, recently awarded the contract to construct the Delaware River Interceptor unit of the intercepting sewer system.
ROME, March 29 GJP)- World wheat production In 1932 was below I both 1931 and the average, the Inter- j national Institute of Agriculture an- j nounc-ed today.
Importing countries, especially in; Europe, had excellent crops, the largest so far, while exporting countries j had a smaller crop than In 1931.! even though the sown area was 4,-000,000 acres more.
GALA NIGHT FOR PENN FOREST
Tall ( cdars lo Entertain Supreme Officers at Masonic Temple
With elaborate ceremonies planned for the jeguiar monthly meeting to be held at Masonic Temple tonight, Penn Forest. No 21, Tall Cedars of lebanon will entertain the Supreme Officers of America.
Grand Tall Cedar William Fein-berg has planned a program of entertainment for the distinguished visitors that promises to exceed any other held in the past few years. Hart y M. Litten, Supreme Grand Tall Cedar, has assured the local Forest that he will be on hand to join thr; festivities
Harry W. Winninger, Past Grand Tall Cedar, will also be on hand ie,iii w Pierson, district representative, will come from his home in West Chester, at the head of a delegation from that city. Neversink Forest, of Reading, have promised to have the official car, with their Snitzel Band
Camden Forest, with their bugle corps, will come by special bus from Hie Delaware River Bridge section.
Preceding the regular meeting a dinner will be given in the grill at
( ontinued on Page Fight I . s. TREAS! RY BALANCE
WASHINGTON March 29 GNS). -Treasury balance as of March 27, $529,378 971 27 expenditures $4 699 -
436.91; customs receipts $14,751,522 35.
building and loan codes are passed by the legislators now in session, he will force them (o return for a special session without pax
"The banking rnsis has made one thing clear to ever;, depositor in Pennsylvania ’ he declared, “aud that is that we need a banking code that will prevent tor the future any such suffering and loss as depositors have gone through In the last three years.
"There can be no guarantee against the same thing happening again unless the hanking code is enacted."
Governor Pinchot said flatly if the j codes are not enacted he will be obliged to call back the legislators for 4 a special .session for which they will be paid nothing unless they pass the salary bill over his veto The salary ) for a special session Is $500 for each member of the assembly. There have been two such sessions within the last ! two years.
In his statement the Governor I said:
“The simple fact is that the depositors in banks and shareholders in building and loan associations need this legislation and ought to j have it Ho tar as I nm concerned, they are going to get it ”
The Governor’s ire was aroused by the opposition which State bankers expresed at a hearing on the proposed codes yesterday. Dr. William I) Gordon, Secretary of Bunking and Attorney General William A Selma-tier lost, no time In condemning their ! attitude.
“The Depositors and shareholders i must be protected." declared the I executive in his statement. “I give j notice now that lf this session of the legislature adjourns without acting on the hanking code and the building and loan code I will call an extra session immediately after this one adjourns, and I will veto any bill for the salaries of the legislators in that extra session.”
THOMAS IL IIKKJINS IS STI LL IN HOSPITAL
Thomas H Higgins, publisher of a weekly paper and former postmaster,
1 who was admitted to the Chester Hospital early Monday morning, as; a surgical case, was reported to be j ; improved today. No operation has been performed aa yet.
Mr Higgins’ admission to the hon-I pit a1 followed closely his marriage on Saturday in Elkton, Md . to Miss Eu-| genia McMurray, 29 yours old Mr. I Higgins gave his age as 60.
His bride, a native of Seattle, Wash , was Interviewed by a Times reporter af the Roberta apartments, I adjoining the State Theatre, today., She declared she had known Mr. Higgins for the past IO years and their wedding was originally planned j for last year when he visited her home town where die was staying for a I time. However, the ceremony was postponed and recently they decided . to marry at Elkton. Saturday last be-' mg selected as the date. Mrs. Higgins told the reporter Mr. Higgins' presence In the hospital was un-! known lo her until she read yesterday's issue of the Chester Times. Mr. Higgins left the wedding party on Saturday, she said. Mrs Higgins, when interviewed today, was partly en deshabille, her negligee attire necessitating the questioning to be conducted through a transom.
CONGDON TRIAL IS CONTINUED
Action Follows Ruling of Supreme Court of State Staying Proceedings
fille trial of Clement lf Congdon, publisher of a Philadelphia weekly newspaper, on the charge of criminal libel, was formally continued yesterday, when Assistant District Attorney Louis A. Bloom reported to Judge Albert Dutton MacDade that the Supreme Court of Pennsylvania had issued an order “staying” the proceeding*.
The Court ordered that new bail of $2000 be furnished by Congdon, which Attorney V. Gilpin Robinson, associated with Attorney Howard Kirk and Attorney Benjamin Golder, of Philadelphia. In the defense, promised would be arranged within a day or two,
Mr. Bloom reported that the district attorney's office had been served late Saturday morning with a copy of the i
ROOSEVELT. IN MESSAGE, URGES
Judge James I Horton is shown as he appeared in court at Decatur, Ma., to preside over tire new trial of nine Negroes In the famous Scottsboro case. The nine were convicted of Hie charge of assaulting trio white sills, riiey were sentenced to death but tire United St ites Supreme Court ordered a new trial.
H, L. Me ne hen Sees Bael Beer at High Price After April 7
BALTIMORE, March 29 (UP) — Henry L. Mencken, the Bellicose beer-
state of Maybee r at a high the new federal beer Mat -becomes effective April 7, it will be better
Continued on Page eleven
lover of the free land, forecasts bad price under Ute, whcth but believes than pop.
“Preposterous politicians propose to load beer with heavy taxes and so raise its price and lower its quality." he protested as he sipped happily at a breaker of Pilsner. "They propose to make It impossible for a brewer who uses honest malt and hops to sell his product, at a fair price, and so they give a great advantage to the quack who uses substitutes.”
Beer should be taxed only as much as other merchandise, he contended, charging that the $:> a barrel beer tax was not primarily a revenue provision but came from “the notion that drinking beer is somehow Immoral”.
Though forecasting that most post-April 7 brew will br “slop." Mencken said he believed there were still some brewers who respected their “magnificent art,” and from them he hoped to obtain “palatable ai id salubrious brews
The editor showed some concern over the future of br’er because “many youngsters have grown up since the dry cause came down upon tis, and must of them do not know how to use malt liquor since they have been raised on gin,"
Speaking as a qualified expert, lie offered these rules for beer quaffing
I “Never drink beer, or any other alcoholic drink, while any work la to be done. It slows down tin’ revolutions of the psyche. That Is what It la for. Save it until evening, when you want to relax and forget your troubles."
2. “Never drink beer without eating something with it The naked stomach wall sucks up alcohol too fast. and the slow, creeping, consoling effect la spoiled."
3. “Don’t try to get It. down too fast. I .eave that to college boys, whose minds are keyed up In an intolerably high pitch. The moat reliable virtuosi recommend a tempo of one liter an hour. Let it be that, or lev. After a couple of hours take a walk around the block. Then you will tie ready again.”
And Mencken finished hts Pilsner.
STRIKE ENDS AT FORD BRITISH PLANT
LONDON. March 29 (UP) The strike at the Ford Motor plant at Dagenham, which has affected approximately 8,000 at the plant and Allied Industries, ended today.
New minimum wage scales were agreed to by the company, increasing the pay of skilled, semi-skilled and ordinary laborers.
Attorney J. H. Ward Hinkaon, chairman of the Delaware County Relief Board, will speak at a meeting to be held in the Baptist Social Hall, Lansdowne and Lacrosse avenues, Lansdowne, Friday night. The meeting will be ripen to the public and Is under the auspices of the j Family Welfare Society, of Eastern i Delaware County. Other .speakers I will be State Representative Grover C. Talbot and Arthur Dunham.
( LIAN S( HOLAK SHIP ( AMPAIGN
Boys of the Smedley Junior Hi-Y Club held a meeting last evening in the Y, M C, A building, Seventh ' street and Edgmont avenue, and dis- I cussed the “Clean Scholarship” campaign being carried on in the Smedley Junior High School by the club members. A short appropriate talk was given by the club adviser, Joaeph Joseph,
President Places Before Congress Program Safeguarding New Issues
Outlines Policy for Full Publicity, With Penalties for Violations
WASHINGTON, March 29—(UP)—. President Roo even placed before Con?:rn* today a program for control Of new issues of stocks and bonds as a .safeguard for the investing public,
The President in a special message re 'ommended Federal supervision of interstate traffic in securities and
“In spite of the many state statutes the public in the past has sustained severe losses through practices neither ethical nor honest, on the part of many pc i ons and corporations .selling securities,"
Mi Roosevelt, said that the present program is "but one step in our broad purpose of protecting investors and depositors”
“It should lie followed,” he said, "by leg! in Lion relating to tile better uprrvixion of the purchase and sal® of all property dealt in on exchanges, and by legislation to correct unethical and unsafe practices on the part of officers and directors of banks and other corporations.”
What we seek,” he continued in his 300-word message, “is a return to a clearer understanding of the ancient truth that those who manage) Un ilk .. corporat ions and other agenes . handling or using other people's mnm* are trustees acting for others.” The President outlined a new policy for lull publicity regarding all Issues of new securities, with criminal penalty for violators who attempt to mulct the public by misleading claims for their shares.
The Roosevelt program was designed to restore public confidence in the sale of .securities by giving an impetus to honest dealing and putting
Continued on Page Eleven
SEEK RECEIVERSHIP FOR DETROIT BANK
DETROIT, March 29 .INS) Attorney, for the Detroit Bankers* Company, holding company for the First National Bank and affiliated institutions, today obtained a 24-hour adjournment of a stockholders’ suit to throw the $550,000,000 concern Into receivership.
Judge Theodore J. Richter. In granting the adjournment, however, directed the company's attorneys to answer, before J p. in., charges of "mismanagement, .negligence and concealment of assets," contained rn the stockholders' petition.
WORLD COURT ISSUE DEFEATED FOR TIME
WASHINGTON, March 29 .UP) — Administration plans to bring tho World Court Issue before the Senate during the special session were defeated temporarily today at an angry secret session of the Foreign Relations committee. The committee decided to postpone action for one week.
SCHOOL CONTRACT LAW
HARRISBURG, March 29—(INS)
School district: would be permitted to terminate contracts with teachers if notice is given 45 day before tho end of the school term under tho provision? of a bill passed by tho House and sent to the Senate today.
Talbot and Turner Bills Features of State Session
Ray B mkeni found a fellow's car after it was "stolen" the other night. As a detective, Ray is a great scout, ! pipes Mike Maginnls.
It Is to be presumed that person* who have been howling about our local water supply will be quiet after April 7.
Philippines turn up with a million-dollar ‘urplus In their treasury. Wonder if they would annex us?
A man was fined in Esslngton tho
other day for .shooting rabbits. His plea was that he thought he had tho right to do it. Surprise to us is that he didn t plead self-defense.
Deputy Sheriff Harry I-eary sent us
a social item the other day. He left out tile names of political dignitaries who were at the party.
A shoe strike In Massachusetts was settled in on** hour. Maybe they soon learned W'here the shoe pinches.
Vice President Garner has Just received his 126th gavel as a present. One guy that certainly knows how to
take the rap.
Honest bootleggers will sell only legal beer, says a writer. We can count them on the thumbs of one
In South Africa they are trying to break young elephants to the plow'. That probably explains why so many of them run away and join a circus.
Like thermometers, trade barometz! are mounting these days to where they rightfully belong.
legislation sjxmsored by Delaware county members has come to the fore Sn the House of Representatives at Harrisburg thus week. Two of the most important bills of the session, both sponsored by Delaware county members, will probably tie disposed of by the. House within the next few days.
One is the Talbot Bill appropriating $22,OOO.LXK) for relief during the next biennium and sponsored by Speaker of the House Grover C fiaibot. The other is House Bill 22. known as the New Administrative Code, winch is sponsored by Representative Ellwood J Turner and which proposes to save the taxpayers more than $19,000,000
in the operation of the state government.
The Talbot measure was on the third reading calendar for yesterday but was carried over and will probably be considered today.
The economy bill sponsored bv Representative Turner will probably ne made a special order of business within the next few days. A new summary of the bill describing th? latest changes made by the state government committee was p’aced upon the desks of all members of the House last night.
Speaking upon the measures yes-
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WASHINGTON', March 2iL— Windier forecast—Eastern Pennsylvania—I air tonight Thursday, fair and warmer. Friday, showers and
H extern Pennsylvania—Fair and slightly warmer tonight; Thursday, increasing cloudiness and warmer followed by showers Thursday afternoon and night.
6 a rn. ...... 38 ll a rn. ...... 46
I a in.......44 Noon ........52
8 a rn .....42 I p. rn. ...... 54
9 a. rn ..... 42 2 p. til.......50
IO a rn. ...... 44