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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
May 20, 1939
Page
1
In a New York May 20 column, Roger Babson argues that deep depressions have not boosted bond prices yet, with money yields at record lows and risks high. He contends bankers fear missteps, investors seek government bonds for safety, and institutional managers favor tax free five year notes while questioning future rate rises and the impact of registration requirements.
A fledgling company faces questions over earning none of its operating expenses for a decade while pondering how its bonds could trade at premiums if profits had remained elusive. The article hints at broader corporate concerns, potential buyouts, and the role of obligations from well‑established firms in merchandising and profitable ventures. Continued on page three.
United Press reports a Dios committee investigation revealed warnings about a planned “Mday” anti‑Semitic revolt to seize government by force. Retired Army Engineer James Erwin Campbell said a 150,000 strong “red army” could attack arsenals, while lists of retired officers and American Legion officials allegedly planned market crashes and strikes to seize public utilities. The probe frames the movement as protection against the suggested “Me day” threat.
Amos York 24 of First Ward, charged with a statutory offense involving a year old girl, was held for the next county grand jury after a hearing before officials Porter Priday and Al Feyman C.8. York pleaded not guilty but evidence supported holding him. bail was denied and he was remanded to county jail by Constable Leon Brown.
Mrs Teupz C Bergdoll mother of Grover Cleveland Bergdoll Ameri ace No 1 draft dodger explained she did not know she had to answer a subpoena from a New York stock brokerage concern. She paid a 25 dollar fine and seven fifty for submission of court costs in failing to appear.
Tokyo reports that on May 20 cabinet leaders agreed Japan would pursue sympathetic neutrality toward Germany and Italy without firm commitments to join the Axis. Five ministers framed the decision and Premier Hiranuma briefed the cabinet before informing Emperor Hirohito.
Philadelphia May 20 mass guilty pleas were anticipated in a vast murder ring case. District Attorney aides expect defendants to plead guilty while those who plead not guilty face speedy trials. The case includes 24 counts against 14 men and women for murder manslaughter and conspiracy tied to arsenic killings. Mrs Rose Cavina dubbed the woman with the Irises of death was held on murder charges without bail.
Warren, Pa May 20 The blaze at the Union Charcoal Co. plant in Sheffield估 caused by spontaneous combustion destroyed the warehouse and main three story building. About 200 men stored pulverized charcoal in 60 pound bags and the loss was estimated at 75,000 to 100,000 dollars. Superintendent Cap Howard said the fire began around 4 25 a m and the plant would be a total loss.
Police and city officials announced plans to enforce a one hour parking limit on Center Street between Park and South streets. East Washington Street from Center to Park will also be restricted. The measure, to be reviewed June 4, aims to ease main thoroughfare congestion with heightened enforcement and fines from 1 to 10 dollars.
Five hundred delegates expected for the four day biennial convention of the Catholic Daughters of America in Pennsylvania opens in New Castle Pa. A pageant featuring about 300 junior members dramatizes the charity recreation and spiritual program of the division for the opening session.
St Edward's graduation set for June 18 with highest honors to Raymond Bachamer and other seniors named. The roster includes Dorothy Mixer and William Hoylen among the class, with commencement at St Thomas Church. Parallel notes cover Harrisburg legislature nearing final week, with tax and appropriation debates, and anticipated bills on pensions, public assistance, and welfare revisions.
City officials announce readiness to pave West Columbus Avenue from Center Street to the city line following Bill No 684’s third reading. A planned hard surface road parallel to the Roosevelt highway will cost about 18000 dollars and is set to begin within a week or ten days after state highway approval.
Queen Elizabeth’s public address in Ottawa covered Canada’s unity and ties to England. The speech in English and French praised two peoples, amid grand events at the new Supreme Court building and a daylong program that included parades and a parliamentary dinner before a disrupted schedule due to a sea delay.
James B Borland 77 longtime Franklin publisher died after a six week illness. Born December 7 1861 in Harkinsburg he lived in Franklin 73 years and built the Franklin Evening News which merged to form News Herald. A charter member of Franklin Bike Lodge he also served as Venango County deputy and authored books on nature study and sports. Funeral services set for Sunday.
In Harlan County Kentucky National Guardsmen faced a tense day as labor conflict predictions warned of almost certain trouble. Authorities kept details tight while earlier efforts and Haters voiced hope for a peaceful settlement next week with Carter declining to reveal locations or troop dispersal specifics.
British sources indicate Britain hopes to bring Russia into a European non aggression front. The sticking point is Poland and Romania wary of Russia and reluctant to allow Russian troops on their soil. Prime Minister Chamberlain plans consultations through ministers to win support for a working agreement that protects Polish and Romanian interests. Intensive talks are set in Paris and Geneva as the League council meets. Ivan Maisky and Viscount Halifax travel to Geneva.
Region al Director David Kanes of the State County and Shumalcipal Workers of America says a conference of civil service employees will be held tomorrow in Harrisburg to discuss bills before the legislature that would weaken or destroy current civil service laws. He warns that passage will deprive thousands of workers of protections and undo merit-system progress in state service.
William Sederburg and Phelston Mason were held for the next county court term after hearings before Alderman Gord on charges of stealing logs from Davison-Fogle Lumber near Waterford. Sederburg pleaded guilty while Mason pleaded not guilty. both were jailed in default of bond. Also noted is an ongoing theft investigation of additional timber valued around £100. A. L. Miller and daughter Mary Kathryn left for Albany to visit Miller’s sister, Mrs. William Hinckley, who is seriously ill.
Harrisburg May 20 The investigation into alleged graft and political campaign charges against former Gov George H Earle and associates will continue through District Attorney Carl B Shelley. The court completed the federal style inquiry for now focusing on Dauphin County cases with 19 defendants and will recall the investigating group for further grand jury work.
Warren Pa May 20 Joan Macis 20 of Sugar Grove died in Warren General Hospital from a fractured skull suffered Friday night when the car he rode in struck a culvert on the Yankee Bush Road six miles north of Starbrick Pa. The accident occurred at about 12:39 a m Saturday.
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