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Newspaper
Grafton Sentinel
Location
Grafton, West Virginia, United States of America
Date
Jul 03, 1933
Page
4
Chicago July 3 reports that dollar wheat signals a weather driven market with heavy losses for many farmers while a few lucky growers see potential gains. Heat and drought devastate crops, lifting prices though insurers, freight and middlemen cut farmer returns. oats rye barley and corn also suffer from heat and wet conditions.
The county court should hold a bond election to issue about 80 000 dollars in ten year serial bonds at 4.5 percent to cover salaries and operating costs. Proponents say the loan would relieve current distress, keep tax funds for ongoing costs, and aid residents, avoiding deeper future trouble. The plan would cost about 8 700 dollars in the first year and decrease over time.
The piece urges frugal Fourth of July celebrations and examines budget Pressures as a new fiscal year begins. It notes economic recovery, reduced public payrolls in Fairmont and Clarksburg, and calls for tax restraint while warning of state and local cuts, consolidations, and county debt burdens. It mentions national democratic ideals and public recreation, stressing cautious spending and efficiency.
The Fairmont Times discusses West Virginia’s repeal vote as a symbol in the wet versus dry argument, noting the state’s self described “most” geographic labels are used to argue trends. It points out WV’s large majorities for repeal in 1912 and 1933 and asserts the current electorate favors repeal despite regional labels.
The Fairmont Times explains the land tax amendment reduces property tax burden by setting nonexceedable tax limits and clarifies it does not bar library levies or other specific levies, aligning with voters' understanding of its purpose to relieve homeowner taxation.
Jerome Factor received a Sunday call at his Lunt avenue home from a man claiming to be abductors demanding 75000 in small bills the next morning. He could not identify the caller, two other calls followed, and the family and friends sought funds. Gale Gilbert, Factor’s attorney, said the circle was pooling modest resources to secure Factor’s safe return.
Gilbert said the Factor fortune was badly depleted by settlement of civil claims in England and losses in the American market. Factor has appealed to the U S Supreme Court an extradition order to return to England to face trial for receiving about seven million dollars in stock operations he allegedly knew were fraudulent. The Herald Examiner noted part of two hundred thousand dollars demanded in cash awaits completion of negotiations with the kidnappers from two brokerage houses. Negotiators may offer twenty five thousand dollars and could raise to fifty thousand if needed.
London report notes President urges world economies to adopt balanced budgets before discussing fair gold and silver distribution. He frames a coordinated plan as a basis for stabilizing currencies while criticizing uncollected taxes and unilateral fiscal moves.
The Preston Republican urges donations of books and reading materials for Hopemont Tuberculosis Sanitarium patients in Hopequont West Virginia. Readers in nearly every room crave history fiction science and religious works and credit will be given to donors with labels noting names and addresses. Donated items will be prepared for Hopemont library and delivered to the institution, assisting long term patients who have spent years there and still have ample time for reading.
Roosevelt refuses to sign the currency declaration, sparking a heated dispute over the gold standard and the future of the economic conference. Hull and Molley draft the explanation as French and other delegates face possible withdrawal. British observers note lack of U S consultation while MacDonald signals concern.
Puzzle text shows across and down clues with garbled OCR. Several entries list letters and broken phrases, including references to months, numbers, and common crossword cues. The readable portions hint at a standard puzzle grid with clues about tools, furniture, metals, and animals, but most content is unreadable.
The Roosevelt administration weighs its position at the world conference on monetary policy. Secretary Hull, with Professors Moley and Feis among aides, faces pressure from Britain and other delegates amid debate over a timely monetary truce and gold standard alignment. American officials warn against broad commitments and emphasize the need to protect the domestic price raising program.
Legal notices list fiduciary accounts before Commissioner William P. Ramples of Taylor County West Virginia. D Bruce Mason executor of Helen Provance deceased handles a partial settlement from November 13 1931 to July 1 1933. First National Bank of Grafton committee for Gladys Laura Taylor non compos mentis handles a final settlement from September 6 1932 to July 1 1933.
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