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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Sep 03, 1936
Page
10
Secretary Morgenthau announced the treasury will keep a high working balance near 1 billion dollars as emergency insurance. He said the treasury plans to raise 400 million in new cash on September 15 and issue 514 million in 1.5 percent notes maturing then.
Treasury Secretary Morgenthau outlined a plan to finance current activities of the Home Owners' Loan Corporation at about 2,000,000 dollars yearly, citing the need to provide safe insurance for Americans. He attributed requests for new money to a 90 day delay in windfall tax collection on unpaid processing levies and noted treasury financing to avoid HOLOC borrowing. He also announced a proposed borrowing of 400,000,000 dollars and commented on Sept 15 cash offerings as among the smallest since he took office.
At a joint meeting with the Auxiliary, local American Legion officers were installed for the new term. Oliver J. Sheppard conducted the ceremony. W. L. Grimes became post commander with Frank Yaney as first vice commander, Jack Coolidge as second vice, Roy Kent adjutant, J. O. Colvard finance officer, Leroy McEntire chaplain, and John Broaderick master-at-arms. A post service officer will be chosen soon. Commander McEntire was thanked for two years of leadership.
The American League leads include Gehrig batting .373 with 145 runs and 131 RBIs. Averill tops with 197 hits. DiMaggio and Averill each have 15 triples. Gehrig 42 home runs. Lary and Powell lead in steals. Pitching features Hadley 12-3 and Pearson 17-6 for Yankees. National League spots Medwick 369 with 127 RBIs. Ott 28 homers. Lucas 12-3 and Hubbell 20-6 highlight the pitching.
Ex AT&T president Harry B. Thayer died at his New Canaan home at age 79. He led the company before retiring to a private life. The obituary notes his long tenure and impact on the telephone industry.
Admiral Hepburn announced a major Pacific coast war game to be staged from January 27 to March 25. About 150 ships, two marine brigades with 4 000 army troops, 400 aircraft and many more fighters will participate. San Clemente Island will host the simulations and invasion drill.
John L. Lewis, president of the United Mine Workers of America, returns from Europe prepared to continue the battle for industrial unionism after the AFL suspended unions linked to the CIO. He defends organizing unorganized workers and questions the AFL leadership's action.
Educational and health departments ordered postponements affecting about 53 000 students in Jefferson County and Birmingham as the infantile paralysis outbreak spread from northern Alabama to Tennessee and Mississippi. Though cases were slowing, authorities urged continued precautions and noted nasal spray prevention and WPA nurse assistance as key factors in containment.
Miss Mary Belle Wallace, sister of Reverend James D. Wallace of the First Presbyterian Church, died this morning in a Chattanooga hospital after weeks of illness. Funeral services will occur in Chattanooga on Friday with burial at the family cemetery in Soddy, Tenn. She is survived only by Reverend Wallace.
In Santa Barbara on September 3 a missing U S flag atop city hall triggered police action. A Spanish American war veteran returned the banner claiming he saw it after sunset and believed flag etiquette required its recovery.
Augusto Ciriaci longtime president of the Italian Catholic action group died in Vatican City at age 47. Pope Pius XII sent a final benediction and a special Mass was held after the death.
A Black purse left at a Tuesday night carnival contained valuable papers and keys. An address and a Christmas club card were inside, aiding in identifying the owner.
Decatur Kiwanis planned a three game series featuring Championship Junior American Legion teams from Birmingham and Nashville to raise funds for Morgan County Tuberculosis Sanatorium. The first game is Friday at 3 PM at Alabama Hosiery Mills Park, with a Saturday double header starting at 2 PM.
Being out of the city Co. E. Lowery pleased the club with a vocal selection, playing his own accompaniment.
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