Domestic debt crisis as nation's top financial risk
Richard Whitney, president of the New York Stock Exchange, says domestic debt challenges outweigh foreign burdens in his annual report to members. He notes European tensions and the Credit Anstalt collapse as catalysts but stresses that domestic conditions drive market instability, amid ongoing France Germany financial maneuvers.
MENTIONED IN THIS ARTICLE
New York
America
Richard Whitney
New York Stock Exchange
Slock Exchange
United States
France
Germany
Whitney
Stock Exchange
Viena
Credit Anstalt
Austria
Coast Guard Mounts Major Blockade Against Rum Fleet
Coast guard ships and patrol boats patrol 12 mile limit off New England from Eastport to Nantucket as 66 liquor laden vessels estimated off the coast threaten a major rum running attempt. Boston reports 22 ships near Massachusetts with moonlight aiding potential landings. Air support from base 7 at Gloucester assists the operation as crews brace for a crackdown on smuggling before new enforcement measures.
MENTIONED IN THIS ARTICLE
Boston
Coast Guard
New England
Cape May
N. J
William H. Munter
Massachusetts
Four Injured As Wheeling Bridge Hotel Fire Rages
Fire sweeps the Bridge Hotel in Wheeling's business district injuring four men. Firemen battled the blaze starting in the basement, causing about 15000 dollars in damage. Ten residents trapped on the stair and third floors were rescued by firefighters using ladders.
MENTIONED IN THIS ARTICLE
Wheeling
Dee
Resolution on Sino Japanese issue drafted in Geneva
A draft resolution in a moderate tone on the Sino Japanese dispute was prepared by a sub committee in Geneva and to be submitted to the League of Nations assembly committee later. British sources say the resolution inviting the United States and the Soviet Union to join a league effort will wait for Washington and Moscow input before adoption.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
Leave of Nations Assembly Committee
United States
Manchuria
Washington
Moscow
Rail Labor Proposes One-Year Wages Extension
Chicago Dec 15 union railway labor asked employers for a counter proposal to extend the current 10 percent wage deduction for one year beyond January 31. Railroads favor a six month extension and wage negotiations under the railroad labor act at a later date.
MENTIONED IN THIS ARTICLE
Chicago
Union Railway Labor
Dodgers trade with Phillies for Benge and cash
The Brooklyn Dodgers announced the acquisition of Ray Benge a star right handed pitcher from the Philadelphia National League club for Neal Finn Mickey Finn Jackie Warner Austin Cy Moore and cash.
MENTIONED IN THIS ARTICLE
Dodgers
Phillies
New York
Brooklyn Dodgers
Ray Benge
Philadelphia
Neal
Mickey) Finn
Jackie Warner
Austin Cy Moore
Cash
Chicago Sees Temperature Plunge To Five Below Zero
Chicago residents woke to a sudden cold spell after nearly three hours of zero weather at the start of the day. Unofficial readings at the municipal airport show temperatures dropping to five below zero. The report also notes an odd reference about Asia having more than 900 languages in use.
MENTIONED IN THIS ARTICLE
Chicago
Asia
Santa Claus Boosts Grafton Stores as Christmas Opens
Local post office notes rising packages and mail, with gifts sent from orders increasing. Stores extend hours and special window displays appear while city officers monitor for shoplifting, and charities prepare to aid needy families this season.
MENTIONED IN THIS ARTICLE
Santa Claus
Grafton
Post
Needy Home
Girl’s Charity Club
Salvation Army
Alcohol in Beer Would Be Greater Under Collier bill
Washington reports the house ways and means committee favored raising beer alcohol content to 3.2 percent by weight from 2.5 percent if legalized under the Collier bill and proposed a five dollar per barrel tax. Speaker Garner avoided committing on a general sales tax in the short session to balance the budget. The senate judiciary subcommittee neared agreement on a substitute for the 18th amendment to protect dry states from liquor imports. The committee planned to reconvene and discuss language to prevent the return of the saloon.
MENTIONED IN THIS ARTICLE
Washington
House Ways and Means
Arner
Senate Judiciary
Police Warn Sledders To Caution In Icy City Streets
City police urge vigilance as freezing temperatures create dangerous sledding conditions. Officers patrol main arteries and busy intersections to protect children on icy streets while forecasts call for colder weather and possible more snow or rain. A Morgantown style bus collision tragedy is recalled as authorities keep youngsters off main thoroughfares and confine activity to side streets.
MENTIONED IN THIS ARTICLE
Red Ring
Morgantown
Lincoln Street
Hechmer
Peacock Home
Law proposed to let veterans sell World War bonus certificates
Lore Washington reports Rep. Carl G Bachmann of West Virginia introduced legislation to authorize veterans to sell their bonus certificates if buyers repay government loans. Bachmann says the move would deliver immediate benefit to veterans, reduce calls for cash bonuses, and restore over 1.5 million dollars to the federal treasury. The current law bars banks and individuals from taking over service certificates.
MENTIONED IN THIS ARTICLE
Bachmann
Washington
Carl G. Bachmann
West Virginia
Bechmann
Hoover to convene education conference on retrenchment
President Hoover will call a conference on the crisis in education inviting educational leaders to meet January 5. The opening session will be addressed by Hoover, aiming to chart methods to cut school spending with minimal harm to future generations and to encourage broad citizen participation in reducing costs.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Barbour County Chooses Democrat for Sheriff After Recount
Philippi December 15 A Barbour county recount of the November election shows Democratic nominee Morrison leading Republican Am Dyer by 83 votes, reversing the original Republican plurality of 94. The county court continued recounts in Pleasants district, with several recounts already finished. Morrison is set to take the sheriff role after January 1.
MENTIONED IN THIS ARTICLE
Philippi
Barbour County
W Morrison
AM. Dyer
Pleasants
Schulthess Elected President of Switzerland in 1-Year Term
In Berne on December 15, Edmund Schulthess was chosen by the federal assembly to lead Switzerland for one year, moving from vice-president as is customary. The assembly also elected Marcel Bletgolaz as vice-president.
MENTIONED IN THIS ARTICLE
Berne
Switzerland
Edmund Schulthess
Federal Assembly
Marcel Bletgolaz
Senate Votes To Grant Independence To Islands
Weather chaos grips sunny California as snow and cold reshape headlines. A man freezes to death in Paloverde adjoining the Impseen valley amid 120 degree heat in summer. Two mining men, Robert M Ray and Arthur W Jones, are missing in Holcombe valley after leaving LA to inspect a property. A blizzard hit the valley Saturday night. Three LA residents credit a police dog and its warmth for surviving a 24 hour cold battle in Big Bear. The storm eased last night.
MENTIONED IN THIS ARTICLE
Palo Verde
Robert M. Ray
Arthur W. Jones
Holcombe Valley
Los Angeles
Big Bear
Mexico Leaves League in Protest over Finances
Geneva report states Mexico sent formal withdrawal notice to the League of Nations with effect two years hence, citing financial difficulties and obligation under the covenant. Separately, a church bazaar on West Main Street features homemade aprons priced up to 50 cents.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
Mexico
League of Nations
West Main Street
M. E. Church
Philippine Independence Vote Sparks Parliamentary Tangle
Senate approved freeing the Philippines in eight years by 40 to 38, then devolved into a parliamentary tangle over a motion to reconsider. The Broussard amendment struck the core of the Hawes Cutting bill, delaying any final vote until later.
MENTIONED IN THIS ARTICLE
Philippine Freedom
Washington
Senate
Philippines
Broussard
Doctor Shot by Gangster in New York Office
Dr. Willam J. Walsh a 41 year old physician to the New York Giants and honorary police department surgeon was shot and seriously wounded in his office. The assailant identified as John William Wilson was killed by police after a brief chase following a telephone threat to post two officers on guard duty last Tuesday night.
MENTIONED IN THIS ARTICLE
New York
Willam J. Walsh
New York Giants
Police Department
John William Wilson
Morgantown Men Held In Gotham
San ford White 22 and William Christen 20, both of Morgantown West Virginia, were held in $1000 bail each on concealed weapons charges. They were arrested at the home of White’s mother in law Mrs Mary Pergent after she asked police help serving a non support warrant. A policeman said White drew a revolver but was disarmed and arrested.
MENTIONED IN THIS ARTICLE
New York
Sanford White
Wiliam Christen
Morgantown
W. Va
White
Mary Pergent
Pergent
Britain pays war debt in gold bullion amid debt tally
World War I loan nations owe the United States 124,934,421 in principal and interest. Great Britain pays 95,550,000 in gold bullion to the United States, earmarked in the Bank of England vault. France’s Chamber votes not to pay 18,261,432, triggering Herriot’s resignation as premier.
MENTIONED IN THIS ARTICLE
Associated Press
United States
P Oper
France
Hungary
Belgium
Greece
Esthenia
Poland
Great Britain
Bank of England
Italy
Czesch
Slovakia
Latvia
Findland
Lithuania
Eduuard Herriot
London
Federal Reserve
New York
Washington
Rates Reduced on Electricity for Mines and Large Consumers
The Public Service Commission ordered lower rates for Appalachian Electric Power Company power to large buyers including coal mines. The two tariffs cut the kilowatt demand charge from 1.50 to 1.25 dollars while per kilowatt hour output charges stay the same. The action, based on commission and company discussions, aims at saving about 300 thousand dollars yearly for coal mines buying power.
MENTIONED IN THIS ARTICLE
Charleston
Public Service Commission
Appalachian Electric Power Company
Commission
Power Company
Appalichian
Also Mentioned on This Page
U.S
England
Wilson Letters
Lost Hope Hollow
Rail Labor
Postoffice
House Committee
Garner
Blaine
Dec
House
Ways and Means Committee
Autoisis
Barbour CO
Morrison
Dyer
Schulthess
Capitol
National Capitol
Islands
Pacific Coast
Palo Verde’ Valley
Imperial Valley
California
Gotham
Czecho-Slovakia
Finland
Paris
Edouard Herriott
Ely
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