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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Aug 28, 1934
Page
3
A discussion on crowded psychology and stock market optimism notes uneven gains in retail trade and autos, with fears of a coming crash. It cites Major La B Angas's The Coming American Boom suggesting idle balances will overflow into investments, triggering a virtuous cycle of rising prices wages and profits if millions believe.
Secretary Robert Yeunent stresses that wages represent workers profits and salaries reflect executives profits while capital return funds production. He urges curbing watered stock profits and disproportionate compensation, arguing fair profit distribution sustains demand and prevents industrial collapse.
The passage argues that when wages cover living costs and allow for purchasing additional comforts, luxuries, and education, industry prospers and fair profits are secure. It emphasizes the link between living standards and economic vitality, suggesting wages drive demand, investment, and stability in markets.
The reorganization aims to regroup 700 codes and supplements covering about 95 percent of industry work and stretch into 22 groups and 11 divisions with sector assistants. As criticism surfaces, observers note that despite mistakes in codifying industry, NRA’s underlying aims hold promise for stabilizing labor and boosting productivity through patient reform.
Horoscope notes good morning for purchasing clothes and hats. Daytime luck favors mechanics and inventors with original schemes. Cautions on temper and speech. May 14 to June 2 brings sudden favorable changes. Health warning March 8 to 26. Money making window October 23 to November 2. Danger October 23 and 24. Socially favorable September 14.
Confederate veteran and General John Morgan raider Joha Fox, 98, voted in recent primaries for the 75th time and his 74th ballot for the Democratic party. He said he built the party he loved long ago and once voted for Hoover, recalling 1828 foundations.
Washington reports a small White House fire reveals strict safeguards for the president’s residence. Fire calls trigger three alarms and automatic systems speed response. The piece notes historic fires, new safety installations since 1930, and CCC education efforts aiding youth nationwide.
Paris fashion notes describe a shift toward minimal shoulder lines and varied skirt lengths from knee to ankle, with outward pointing yet slim shoulders, butterflies bows, and draped fabrics at hips and arms. High boots and vivid color accents appear, signaling a new foot fashion era alongside bolder headwear and accessorizing. Patti Sue the orangutan at the St Louis Zoo celebrated her first birthday with a dress and bonnet in attendance.
W G Fields, also a film actor, tells a rambling, humorous sea yarn from his life. A cocky captive on a crow’s nest tale blends seafaring mishaps with film jokes and quips about stars, weather, and sextants while a dramatic canoe capsize ends abruptly as rescue seems distant.
Corry merchants join a big fair merchandising event with railroad fares paid for visiting shoppers. State Highway Department reports 250 workers on Erie county roads under Supt. Lily Van Vieck. High School Crescents vs Kurtz in Cup Series slated for tomorrow. Miss Lucile Rounds, formerly Corry girl, dies at St Vincent's in Erie, shocking local friends. J H Martin returns from Hazelton after Elks state convention. Manley family visiting Sinclsirville. Byron Babbitt heads to St Louis. Library Theatre schedules Fred Kennedy Merry Musical Comedy for fair week.
Washington Aug 28 Predicted revolutionary banking legislation could create a central bank authority to determine American war bank and credit policies. Plans to unify and control credit would consolidate agencies including the Federal Reserve Board and the Reconstruction Finance Corporation. Experts say a central bank might grant the federal government complete control over bank credit and unify policies, with formal recommendations pending Congress.
Robert H. Jackson of Jamestown New York assistant general counsel of the United States Treasury Department and chairman of the Conference of Bar Association Delegates delivered his annual address last night at nine o clock during a joint dinner of the conference and the American Judicature Society in Milwaukee Wisconsin.
A reader letter extols Kellogg's All-Bran for years of constipation relief. It claims regular use, dietary bulk, and vitamin B aid elimination, noting iron content and safer results than laxatives. Two tablespoons daily often suffice, with larger amounts during meals for serious cases.
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