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Newspaper
Grafton Sentinel
Location
Grafton, West Virginia, United States of America
Date
Aug 27, 1932
Page
1
About two score Grafton businessmen signed to join Hospitality Week set to start September 12. A city canvass by Harry Curry aims to connect people with local trading facilities, with roughly half the needed funds already raised to support the event.
Colorado solon Waterman dies after long illness in Washington. United States senator Charles Winsfield Waterman, a Republican, was near the end of a six year term that began March 4, 1927. The measure to be effective in ninety days was sent to the governor after hearings in Cleveland.
Charleston reports rapid action in a special session as the legislature passes measures to reduce governmental appropriations for the current year and limit agency personnel. A new tax bill funds relief but faces rejection, while a gas water electric and telephone meter tax would fund needy relief if approved.
In Council Bluffs Iowa August 27 a tense peace lingered as farmers picketed two highways into the city to protest a marketing boycott. About a thousand strike sympathizers threatened to storm the county jail to free arrested comrades but deputies and bonds set prisoners free. Similar skirmishes occurred in Sioux City Shenandoah and Blair with trucks stopped then released as leaders shifted efforts elsewhere. A plan to place deputies in picketing groups was dropped after legal counsel advised against it.
Chicago news reports Mrs Edith Rockefeller McCormick left Edwin Krenn five twelfths of her estate but he waived claims in favor of partner Edward Dato who receives a $2000 monthly life guarantee. Remaining estate portions go to three children. McCormick died of cancer and will be buried at her Lake Shore Drive mansion at 3 p.m. today.
Washington announces a sixty day moratorium on foreclosures for all mortgages in closed banks to protect real estate owners until new home banks start October 15. National bank receivers told to pause foreclosures. state liquidators urged to defer two months. Fort says savings run to hundreds of millions as funds from Reconstruction can aid receivers.
Cleveland marks the start of the 1932 national air races with more than 150 pilots from New York and other areas entering a ten day competition. The event offers a $100000 prize pool and includes the air derby groups finishing a cross country sweep from Atlantic to Pacific coasts.
Democratic chairman Atlee Pomerene defended the Reconstruction Finance Corporation at the national business and industry conference. He cited that 37 percent of the nation's bank depositors had benefited from CFR loans and 68.8 percent of loans to banks reached towns with populations under 5,000. He urged faith to move mountains and pledged continued support amid criticism from critics of government efforts.
The Court House Board of Education anticipates a $6086 deficit for the year after trimming the levy estimate by 15 percent. The elementary fund is short $4000 and the high school fund $2086, with state aid uncertain. Contracts with teachers await signatures. drastic cuts or court challenges loom as the district strives to open Simpson High and district grade schools.
In Lewisburg Pa on August 27 Old Main and two wings of Bucknell University were burned. Firefighters saved records from offices but failed to reach key class records kept in a basement vault. Officials put the loss at about 300000 dollars.
Trubee Davidson, assistant secretary of war and Republican gubernatorial hopeful, told the New York convention of the American Legion in Brooklyn that discharge papers used by many Washington bonus veterans were manufactured by communist owned diploma mills.
Washington August 27 national business leaders adopt a six point program to create new jobs after President Hoover declares the major financial crisis over. A central permanent committee is named to direct the drive with Henry M Peabody of Los Angeles chosen to head it. Sub committees begin organizing as Mills and Yoling outline vigorous action to channel credit into productive enterprises and employment.
Rome August 27 Leandro Arping, an early electrician who joined the fascist movement in 1919, has risen with Benito Mussolini’s government. Rumors say he is eyed as a future minister of corporations and heads a committee sending 108 athletes to the Olympic games. He is tall, 190 pounds, and has survived three car crashes breaking his right arm.
Four men were killed and many were injured when a truck carrying workers toppled over an embankment near Frankfort Springs. The vehicle slipped on soft earth after a car passed, sending the truck down the slope as it attempted to pull aside on a narrow highway.
Charleston August 27 The cost of serving in the state legislature was outlined by Delegate Cummins Ohio in a speech noting the session costs the state 895 a day He said members sacrifice both time and money and the average person thinks lawmakers earn large salaries but the 500 yearly pay only offsets expenses He noted many members spend the summer in service while Miss Daisy Hickman of Huntington Tennessee claims a 150 year old wooden clock keeps good time.
In Gillespie Illinois on August 27 a miner strike committee announced secret plans for a second invasion of Southern Illinois coal fields by mobile units from bases around the mines. The plan, tied to a new $5 basic wage scale, will not deploy a large group but thousands of committeemen will man strategic points and four bases to coordinate with workers in Kentucky Indiana and Oklahoma who may join. Local mass meetings selected pickets to support the drive while Christian county Peabody Coal Company figures voiced skepticism about earlier efforts.
New York markets closed the week with a bull surge in commodities led by cotton and wheat. Stocks rose about one to four points as utilities showed strength in the final hour. Turnover reached around two million shares in the two hour session. U S Steel climbed to a new recovery high, closing up about a half point.
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