Rehabilitation plan could boost rail securities, says Cornwell
John J. Cornwell, general counsel of the Baltimore & Ohio, told the bond club of Philadelphia that a broad Roosevelt rehabilitation program could add billions to railroad asset values. He argued that a 10 to 20 percent recovery could allow interest payments on about 12 billion in railroad bonds, whose market prices have fallen to roughly half of par due to economic stress.
MENTIONED IN THIS ARTICLE
Philadelphia
Roosevelt
John J. Cornwell
Baltimore & Ohio Railroad Company
Cornwell
Bond Club of
Resignations Filed For 37 State Officials
Charleston March 22 P Resignations of 37 state officials were presented to Governor Kump with action on most appointments deferred until after the extraordinary session. Apartment heads superintendents of institutions and board members were among those resigning under an order targeting officials who refuse salary cuts ordered by the legislature last summer. The warden of the state penitentiary A V Scroggins headed the list of institutional heads.
MENTIONED IN THIS ARTICLE
Charleston
Kump
A. V. Scroggins
State Penitentiary
300 Seek To Halt Sale Under Lions
In Pennsburg Pennsylvania on March 22 a crowd estimated at 300 to 500 mauled and held deputy sheriffs who were attempting to oversee a sale for debt. The captives were returned to Norris Town after a postponement by Sheriff H S Lever, the sale moved to April 3. The sheriff called it mob rule and said the men were stripped of clothing.
MENTIONED IN THIS ARTICLE
Pennsburg
Montgomry County
Norristown
H.S. Lever
Onger
Lever
Mts
Marvil Package Co to Open Plants Hiring Hundreds
Laurel Maryland March 22 announcement that Marvil Package Company will open its plant next Monday employing about 300 people. Ray E. Hamill the manager stated the firm makes fruit and vegetable packages. The Pogomoke branch in Md will begin operations with about 100 workers.
Relief in Sight for Flood Victims in Ohio Valley
Cincinnati in Ohio River flood area March 22 AP reports relief plans nearing reality for the flood stricken Ohio river valley. Water rise from Portsmouth to Cincinnati slowed to near standstill though upper sections still threaten areas near the Mississippi confluence. Five hundred families evacuated in Louisville as losses mount into millions with ten lives lost. The river held steady at Cincinnati while southern Indiana tributaries fed the overflow downstream.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio River
Mississippi
Portsmouth
Indiana
Louisville
Petroleum Heads Look to 10 Meeting
New York March 22 In spite of past failures to steady the industry the petroleum fate hinges on a March 27 conference in Washington with all state governors and the interior secretary. Governors from Texas Oklahoma California and Kansas will attend along with representatives from Louisiana New Mexico Colorado and Wyoming.
MENTIONED IN THIS ARTICLE
New York
Secretary of the Interior
Washington
Tex- 2
Oklahoma
California
Kansas
Louisiana
New Mexico
Colorado
Wyoming
Samuel L Miller dies at 80 in Fairmont
Samuel L Miller, 80, died Monday. He is survived by ten children, 26 grandchildren, and six great grandchildren. The obituary notes Fairmont as the place and lists surviving family totals.
MENTIONED IN THIS ARTICLE
Fairmont
Samuel L. Miller
Thirteen Silicosis Suits Filed Against Rinehart and Dennis
Fayetteville reports thirteen new silicosis suits at 25000 each against Rinehart and Dennis Company Inc of Charlottesville Va. totaling 145 suits and more than 3250000 dollars. The cases allege death or permanent injury from breathing silica dust in the Kanawha Power tunnel at Hawk's Nest.
MENTIONED IN THIS ARTICLE
Fayetteville
Rinehart and Dennis Company, Inc
Charlottesville
Kanawha Power Company
Hawk's Nest
Conservator Named for Monongah Bank
John Anthony, cashier of the First National Bank of Monongah, says he has been appointed conservator for the bank but has not yet been notified to reopen. The notice appears in Fairmont on March 22.
MENTIONED IN THIS ARTICLE
Monongah Bank Fairmont
John Anthony
First
National Bank of Monongah
Miner electrocuted in Flemington mine accident
Vincent Spishoe, about 45, a loader at Waddell Fuel Company No 1 mine, Flemington, was electrocuted at 9:45 AM while crossing a loaded train of mine cars in No 14 left section. He had worked for the company since 1932, and a telegram was sent to Kingsville, Ohio to locate his family. Body prepared by McGlumphrey Brothers.
MENTIONED IN THIS ARTICLE
Vincent Spishoe
Stassop
Pittsvein No
Waddell Fuel Company
Flemington
Poland
Auger
Kingsville
Ohio
McGlumphrey Brothers
Farm Finance Plans To Be Ready Soon
Washington reports that President Roosevelt will send to Congress proposals to refinance agriculture and home mortgages. The plan aims to reduce mortgage interest rates and will be ready by week’s end, combining government and private mortgages amid Congress’s farm relief bill work.
MENTIONED IN THIS ARTICLE
Washington
O Rosevelt
Congress
GRID OFFICIAL DIES AFTER FAMILY SHOOTING
Dr. F A Lambert a known football authority dies of pistol wounds from a family quarrel in Columbus Ohio. His son Samuel 17 claims self defensive shooting and police say the youth fired in self defense while Lambert absolved him of blame before passing.
MENTIONED IN THIS ARTICLE
F. A. Lambert Absolv
Samuel
Columbus
F. A. Lambert
Lambert
National Football Rules Committee
Apeteen Aly
Snowstorm Sweeps Hungary Causing Casualties and Damage
A severe snowstorm across the Hungarian plain left one person killed and several injured. Homes were unroofed and snow drifts blocked railway tracks, disrupting travel on March 22 in Budapest and surrounding areas.
MENTIONED IN THIS ARTICLE
Budapest
Hungary
Robbers Loot Argo State Bank in Illinois Bank Heist
Six gunmen dynamited into the Argo State bank in Illinois and stole cash and securities estimated at up to 150000 dollars. Night watchman Beryl Clear was held captive as the robbers looted 45 safety deposit boxes and fled with 4000 dollars in cash and the postal depository contents, while a large steel vault remained mostly untouched.
MENTIONED IN THIS ARTICLE
Chicago
Mar
Argo State Bank
Beryl
Clear
Argo
Beryl Clear
Receiver Seeks All Straus Property in Bond Case
A motion in New York Supreme Court asks a receiver for all properties tied to 8 W Straus and Company Inc amid $350 million in bonds. The request targets the existing Straus assets receiver and seeks removal of an independent bondholders committee led by Lewis J Pounds and George Gordon Battle.
MENTIONED IN THIS ARTICLE
New York
8. W. Straus and Company, Inc
Supreme Court
Patrick Harrigan
Straus Company
Lewis JH. Pounds
George Gordon Battle
Gasoline Tax to Be Re enacted in Special Session
Washington report says Rep Burns of Tennessee told reporters the one cent a gallon gasoline tax would be re enacted in a special session of Congress. The House will act on the measure once Ways and Means Committee reports it. The present gasoline tax expires by date unknown.
MENTIONED IN THIS ARTICLE
Washington
Rep. Burns
Tennessee
House
Congress
Ways and Means Committee
Conservation Plan Delayed by House Hearings
President Roosevelt expects to select unemployed for a conservation corps under the labor department using War Department enlistment stations. Camp life will enforce discipline while wages and federal support cover food housing and medical care. The plan, not seen as military or competitive, would involve about 250000 of 12 million unemployed. delay comes as the House Labor Committee opts to hold hearings.
MENTIONED IN THIS ARTICLE
Department of Labor
Washington
Conservation Corps
Roosevelt
War Department
Roosevelt Signs 3 2 Beer Bill and Delivery Plans
President Roosevelt signed the3.2 beer and wine act into law and set April 7 for first sales after midnight April 6. Fourteen states allow the beverage with specific alcohol content limits. The president ordered a report on federal prisoners jailed under dry laws and their potential parole, with no decision yet on paroles.
MENTIONED IN THIS ARTICLE
Washington
R Rosevelt
Roosevelt
White House
Garner
Senate
Supreme Court
Johnson Escapes Injury After Car Crash in Colorado
Louis A. Johnson national commander of the American Legion escaped injury when a car overturned near Brighton Colorado. Three other Legion members were cut and bruised while the driver also sustained minor injuries. Johnson continued to Greeley to deliver an address.
MENTIONED IN THIS ARTICLE
Brighton
Colo
Louis A. Johnson
American Legion
Sperry Packard
Colorado
Joe Hannemann
Denver
Dr M Holt Wins Fight to Mayorship in Four-Way Race
In Weston a heated municipal contest ends with socialist Dr M B Holt winning the mayoralty by 274 votes through write‑in support. Holt totals 1307, defeating Al though Maple Brannon 932 and incumbent R V Malloy 750. Bruce Brewster and others also win city offices as results show tight margins.
MENTIONED IN THIS ARTICLE
Weston
M. 8. Holt
Holt
Maple Brannon
James H. Brewster, Jr
Republcan
George S. Davisson
Troy Wilson
William G. Weber
Ray C. Zobrist
Joseph Trent
Zobrist
Trent
Teen boy kills father to save mother in New York
In New York on March 22 a 17 year old high school student named Anthony Malandro killed his father Angelo after witnessing him assault his mother. He used a hammer to strike the father on the head, who fell dead after a subsequent struggle with Jose phine Malandro, 25, and the son reported the act was to protect his mother from a tyrant.
MENTIONED IN THIS ARTICLE
New York
Anthony Malandro
Angelo
New Suits Filed In Circuit Clerk's Office
Yesterday new suits were filed by Circuit Clerk Frank Hollis Jr. naming John H Weaver against Green Valley Coal Company and E H Reppert of Flemington Agnes Tierney against Taylor County Bank and First National Bank & Trust Co of New Haven Conn against John W Galloway and First National Bank of Grafton John W Galloway and Davia Williamson receivers for Mary Inland Coal Company garnishees claim that the latter three owe or hold property belonging to Galloway in debt suit
MENTIONED IN THIS ARTICLE
Frank Hollis Jr
John H. Weaver
Green Valley Coal Comany
E. H. Reppert
Flemington
Agnes Tierney
Taylor County Bank
First National Bank & Trust Company
New Haven
Galloway
Funeral Returns After McCracken Kin Attends Service
Relatives of P. M. McCracken return to their McMechen and Indian Head homes after yesterday afternoon funeral on the Pruntytown Pike. Mrs Anna Johnson and Messrs John Stidger Solomon McCracken, sister and brothers, along with niece Jesse McCracken, head for Indian Head.
MENTIONED IN THIS ARTICLE
P. M. McCracken
Pruntytown Pike
Anna Johnson
Messrs
John Stidger
Solomon McCracken
McMechen
Jesssle McCracken
Inrian Head
Also Mentioned on This Page
Old Pittsvein
Philadelphia Club
Doug
Joan
Movieland
Hollywood
Douglas Pairbanks, Jr
Rersons
V. Spishoe
Illinois
Bank of Chicago
HALA
Straus
U.S
Hans Luther
Reichbank
United States
Associated Press
Shinnston
Circuit Clerk’s Office
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