Banker Tells Of Insurance Stock Buying
Des Moines banker Clyde E. Brenton testified before the insurance investigating committee that he bought stock not to wreck companies but to pursue liquidation or reorganization that would maximize stockholder value. He cited Town Bonding and Casualty as liquidated with higher payouts and estimated his profit from liquidation at about 75000. He described North American National Insurance as inherently unprofitable due to uncollected loans and bad conditions, denying any working agreement with John Thompson brokerage and noting his bank kept a satisfactory Thompson account.
MENTIONED IN THIS ARTICLE
Associated Press
Des Moines
Legislation Insurance Investigating
Iown
Clyde E. Brenton
Brenton
Sieterb Tad Calues
Town Bonding and Casualty Company
North American
North American Nativcnal Insurance Company
John Thompson
Burglars Steal 200 Radio Vacuum Tubes
Burglars broke into the Western Radio offices in Cedar Rapids last night and stole 200 radio vacuum tubes valued at $5 each. They loaded a car with the loot, abandoning the vehicle miles away. They also took $2060 in storage batteries from the same site but left the plunder. police pursue several clues.
MENTIONED IN THIS ARTICLE
Ryerpctated Press
Cedar Rapids
Western Radio Corporation
New Hampshire Delegates Favor Coolidge In Primary
In Manchester yesterday New Hampshire voters elected eleven Republican delegates to the national convention pledged to President Coolidge. Senator George H Moose declined to pledge and finished last on the ticket. Democratic contests had no competing delegates. eight Democratic spots were unchallenged.
MENTIONED IN THIS ARTICLE
Manchester
N. H
New Hampshire
Coolidge
United States
George H. Mooses
Lange
Hammond in Trouble Again Will Resign
Chief of Police John B Hammond announced he will resign after being ordered to sever ties with the Des Moines police tonight by Public Safety Director John MacVicar. The move follows his refusal to suspend a patrolman tied to a booze raid and alleged property destruction.
MENTIONED IN THIS ARTICLE
Associret Presa Des Moines
John B. Hammond
Public Safety
John MacVicar
Squal
Pope Seeks UK Aid to Intercede With Russia
Pope Pius asks Premier MacDonald to intervene with the Soviet government on behalf of imprisoned Catholic clergy. Government sources say MacDonald is eager to help but believes the matter is too delicate to press during ongoing talks with Moscow.
MENTIONED IN THIS ARTICLE
Associated Press
London
Pope Pius
Daily Telegraph
MacDonald
Russia
Moscow
House creates special committee to probe bribery rumors
The House voted to establish a special committee to investigate criminal charges against two representatives tied to a Chicago grand jury. The move reverses yesterday’s plan to leave the matter to the Justice Department and avoid disclosure of the accused names. The vote was 197 to 158 after Representative Garrett's resolution passed.
MENTIONED IN THIS ARTICLE
Associated Prese
Washington
Chicago
House
Garrett
Department of Justice
Longworth
Rules Committee
Mellon Says Revenue Bill Must Be Revised
Secretary Mellon told the senate finance committee that the house revenue bill would cause a treasury deficit, contrasting a $450 million revenue loss with a $395 million projected surplus for 1925. He condemned the Longworth tax plan, criticized house amendments raising state taxes and gift tax, and urged revisions and reductions in other taxes.
MENTIONED IN THIS ARTICLE
Mellon
Associated Press
Washington
House
Treasury
Senate Finance Committee
Vanderlip Skips Scheduled Talk Under Unexplained Circumstances
Frank A. Vanderlip failed to deliver a planned address at a New York dinner on the topic Courage. The Life Under Writers Association had announced the speech, later stating he would not speak and the notice was sent to members.
MENTIONED IN THIS ARTICLE
Axsociated Press
New York
Frank A. Vanderlip
Life Underwriters Association of New York
Association
Vanderlip
Dangerous Age For Irishman Is High
London March 12 The dangerous age in the case of Owen Connelly of Laskey County Sligo Ireland seems to be an even hundred. Connelly walked nine miles to the courthouse to answer a charge of having used threatening language and abused Patrick Brady. Brady said Connelly jumped a fence and threatened him with a black thorn. The magistrate dismissed the case.
MENTIONED IN THIS ARTICLE
Associated Press
London
Owen Connely
Laskey
County Sligho
Ireland
Connelly
Hale
Court House
Patrick Brady
Brady
Baker Seeks League of Nations Push at Democratic Convention
Cleveland March 12 Newton D Baker former secretary of war intends to carry his fight for the league of nations to the democratic national convention. He told the Women's Ally Club he will attend and plead for a straight declaration in the platform that the United States should enter the league.
MENTIONED IN THIS ARTICLE
Cleveland
Newton D. Baker
League of Nations
Women’s Ally Club
Baker
United States
McLean Admits Error on 100000 Dollar Oil Loan
Edward B. McLean testified before the oil committee that he misled them about the 100000 dollar loan linked to Albers Fall. He said the loan was 160000 in uncashed checks for a ranch project and cash claims were false. He denied oil interests and claimed limited knowledge of Fall policies.
MENTIONED IN THIS ARTICLE
Asseociates Jrees
Washington
Edward B. McLean
Oil Committee
Albers B. Fall
Theoan
Senator Walsh
Palm Beach
L‘atter
Sinclair
Doheny
Fall
William J. Burns
Justice Department
Harding
McLean
Daugherty
Coolidge
Slennv Leach
H. E. McKenna
White House
Florida
Slemp
South
Starling
E. P. Wilkins
Hopkinsville
Kentucky
Wilkins
E. W Smithers
Smithers
Rebels Break Up Into Small Looting Bands
Vera Cruz state revolutionary forces have split into small raiding bands. After earlier order, lootings proceed without receipts and rural residents fear further destruction. A train was looted and passengers robbed, raising concerns for foreigner safety.
MENTIONED IN THIS ARTICLE
Associates Press
Tuxpam
Vera Cruz
Townsend Named Divisional Chief for Minneapolis Prohibition Area
Addison C Townsend of Jersey City is appointed divisional chief of the Minneapolis prohibition area covering Minnesota North and South Dakota Iowa and Nebraska. William G McAdoo will speak in East St Louis on March 12 for the Democratic presidential nomination accompanied by Judge Charles E Thomas and Mark M Duffy both of Chicago seeking Illinois governorship and lieutenant governorship respectively.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Addison C. Townsend
Jersey City
Minneapolis
Minnesota
South Dakota
Iowa
Nebraska
East St. Louis, Sr
William G. McAdoo
Charles E. Thomas
Chicago
Illinois
Mark M. Duffy
Steamship Santiago Sunk Off Cape Hatteras
Charleston reports the steamship Santiago was sunk 60 miles south of Cape Hatteras per a radio intercept intercepted today by the navy yard station. In Pas, Manitoba, Shorty Russick set a course time record by winning the 200 crossing with a finish at 10 55 a m and a total time of 23 hours 47 minutes.
MENTIONED IN THIS ARTICLE
Charleston
D. C
Santiago
Cape Hatteras
Charleston Navy Yard
Wirless
The
Pas
Man
Death of Former President Gutierrez Triggers Honduras Turmoil
Washington reports the death of former President Gutierrez sparking revolutionary activity in Honduras. Diplomatic efforts secured a 71 hour armistice as factions clash and the government remains absent for the moment.
MENTIONED IN THIS ARTICLE
Washington
Gutierrez
Honduras
Senate orders five member inquiry into IRS administration
A senate select committee of five was ordered today to investigate the administration of the bureau of internal revenue in Washington. The move aims to scrutinize how the IRS operates and reports on practice at the federal tax agency.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Internal Revenue
Senate
ICC Lifts Suspension on Section 28 Freight Rates
The Interstate Commerce Commission announced on March 12 that it has lifted the suspension on Section 28 of the Merchant Marine Act. The change allows lower joint freight rates for commodities shipped on American ships.
MENTIONED IN THIS ARTICLE
Washington
The
Interstate Commerce Commission
Army Appropriation Under Budget Estimate Complete Bill
The army appropriation bill proposes maintenance for a 12 000 commissioned officers and 125 000 enlisted men next year. It totals 2 326 224 993 dollars, 16 224 268 below last year and 3 324 778 under the budget. The bill includes 7 000 000 for dam No 2 work at Muscle Shoals plus 3 040 390 in new contracts and 10 000 000 for Mississippi flood control. River and harbor improvements would total 37 600 000 for the next fiscal year, 19 446 760 less than last year, with the War Department to allot the fund.
MENTIONED IN THIS ARTICLE
Associated Press
Wagphington
Muscle Shoals
Mississippi
War Department
Bonus Policy Based On Service Record
Washington March 12. A subcommittee of the house ways and means committee formed the measure for paid up Kite insurance policies to be given veterans under the new soldier bonus. It would value home service at $1 a day and overseas service at $1.25 a day with an additional 25 percent of the total adjusted service credit, making the compensation basis the same as the bill passed last session and vetoed by President Harding.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
House
Ways and Means Committee
Harding
Senate
House Elections Committee
Brookhart
Washington County
Kenyon Under Consideration for Secretary of Navy
Senator W. S. Kenyon of Iowa, judge of the eighth circuit, is believed under consideration for appointment as secretary of the navy to replace Denby. He arrived in Washington and met with President Coolidge, with a decision expected after a scheduled morning interview.
MENTIONED IN THIS ARTICLE
Ry Associated Prenny
Washington
W. S. Kenyon
Iowa
Eighth Federal Circuit Court
Secretary of the Navy
Denby
Kenyon
Wen
White House
Coolidge Hiis
Coolidge
Mine Fire Halts Rescue Work at Utah Fuel Mine No 2
A brisk fire in a section of Utah Fuel Company mine No 2 has halted rescue efforts. Relief crews shift focus to battling the flames as the blaze continues to burn vigorously.
MENTIONED IN THIS ARTICLE
Castle Gate
Utah
Utah Fuel Company
Senate Leaves Prescription Liquor Rules for Physicians
In Des Moines the Iowa Senate defeated an amendment to limit yearly liquor handling by drug stores, with opponents calling it a second move to nullify state law allowing physicians to prescribe liquor. The chamber pushed ahead with amendments to code bill 283 while weighing a potential presidential primary measure in a special session.
MENTIONED IN THIS ARTICLE
Associated Press
State Capitol
Des Moines
Senate
McIntosh
Decatur County
Gilchrist
Pocahontas
Dutcher
Johnson
Bowman
Blackhawk
Brooking
Floyd
Buser
Muscatine
MclIntosh, Romedy
Brookhart
Washington
Dew Moines
Lawn Senate
Brookins
Floyd County
Jutcher
Johnson County
State Board of Medical Examiners
Black Hawkshane
Wapello
Bomb damages English legation and detains suspects
A bomb exploded at the entrance to the British legation in Athens causing property damage but injuring no one. Greek officials suspect the act aimed at discrediting the government. The premier and interior minister offered regrets to the British minister as an inquiry led by British police began and several suspects were detained.
MENTIONED IN THIS ARTICLE
Asso
Hearings Set On Daugherty Probe Start With Mrs Stinson
The Senate committee investigating Attorney General Daugherty opens hearings this afternoon with Mrs Roxie Stinson of Columbus Ohio as the first witness. She is expected to describe an astonishing story about Jesse W Smith and his income sources and may relate stock receipts in Pure Oil.
MENTIONED IN THIS ARTICLE
Associated Preag
Washington
Senate
Daugherty
Ating
Roxie Stinson
Columbus
Jesse W. Smith
Wheeler
Montana
Brookhart
Stinson
Smith
Pure Oil Company
Daugherty Inquiry Broadens to Subpoena Outside DC
The Daugherty committee gains power to subpoena witnesses and take testimony beyond Washington as it widens its probe. Top priority is examining links between the Justice Department and oil interests aiding Mexican revolutionists, with stock gambling by high officials among the potential leads. Elias H. Mortimer’s subpoena signals new phases and further leads expected.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Daugherty
Attorney General
Department of Justice
Mexico
Brookhart
Iowa
Elias H. Mortimer
Forbes
Veterans’ Bureau
Wheeler
Montana
Taxes Were Lower In Years Gone By
Burlington report shows William Turner paid $7.37 in 1854 taxes for 160 acres near Stronghurst Illinois. By 1923 same land assessed with taxes totaling $184.08, illustrating taxes then were about two hundredths of today’s level.
MENTIONED IN THIS ARTICLE
Associated
Burlington
J. Arta
Burlington Joint Land Bank
Oquawka
Ill
William Turner
Turner
Stronghurst
Henderson County
Illinois
Artz
G. Henry Annegars
Senate debates original code bill with amendments adopted
The senate considered the original code bill on the subject with yesterday's amendments, leaving the bill mainly in its present form. At adjournment a motion remained to re refer the bill to the committee on suppression of intemperance.
MENTIONED IN THIS ARTICLE
Ceesna
Darling
Dutcher
Gilchrist
Hale
Haskell
Horchem
Kember Ving
Matz
Mead
Newberry
Reed
Reese
Shaff
Shane
Slosson
Smith Snook
Stoddard
White
Senate
Committee On
Elm Street Subway Order Advances In City Council
City council approves sheriff jury report assessing damages for Elm street subway under railroad tracks. Damages set at 1 dollar to each abutting owner. After paying costs, city to notify railway and begin construction, with potential injunction if work starts within 30 days. Town board of railroad commissioners accepts improvement plans and deems project necessary and feasible.
MENTIONED IN THIS ARTICLE
Elm Street
Town Board of Railroad Commissioners
Call Meeting To Name Third Party Leaders
A national convention to select candidates for president and vice president on a third party ticket will be held in Minneapolis June 17. Representatives of 13 organizations from eight states met in Minneapolis forming a tentative platform including public ownership and government banking. Senator La Follette of Wisconsin was mentioned as a possible presidential candidate.
MENTIONED IN THIS ARTICLE
Associated Pre
St. Paul
Minenapolis
Labor Party
la Follette
Wisconsin
Farm Labor federation of Minnesota calls for third party move
The Farmer-Labor federation of Minnesota met in Minneapolis to discuss organization affairs and to respond to yesterday's St Paul call for a national conference in Minneapolis of farm and labor interests to inaugurate a third party movement.
MENTIONED IN THIS ARTICLE
Minneapolis
Farmer-Labor Federation of Minnesota
St Paul
Underwood Wins In Alabama Primaries
In Alabama, supporting figures show Woodrow Wilson Underwood with a plurality around 20 000 over L B Musgrove as M A Dinsmore backed McAdoo. Musgrove contests result citing frauds and alleges counties manipulated votes. Bryan supported Musgrove. Returns from 59 of 67 counties: Underwood 42209 Musgrove 27286 Dinsmore 8201.
MENTIONED IN THIS ARTICLE
Associated Press
Birmingham
Ala
Alabama
L. B. Musgrove
M. A. Dinsmore
William G. McAdoo
McAdoo
Underwood
Dinsmore
Musgrove
William J. Bryan
Dinamore
Wheeler Prepares For Daugherty Hearings
Senator Wheeler of Montana acts as prosecutor in the Senate inquiry prep hearings into Attorney General Daugherty. He and Chairman Brookhart plan to open the inquiry Thursday with charges tied to the 1921 Cantu revolution in Lower California.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Wheeler
Montana
Senate
Daugherty
Miami
Fla
Brookhart
Special
Lower
California
Arte
Also Mentioned on This Page
Hammond
Will
Pope
England
Committee
Hose
Mlean
Secretary of Navy
MelIntosh
BELIN
Jesse W Smith
ITY Council
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