J Morgan Inspires Bankers Before Senate Committee
A fragment quotes J Morgan urging bankers to respond with thoughtful answers rather than quick refusals, aiming to guide conduct in future inquiries by big and small lenders.
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Newspaper
Helena Independent
Location
Helena, Montana, United States of America
Date
Jun 08, 1933
Page
5
A fragment quotes J Morgan urging bankers to respond with thoughtful answers rather than quick refusals, aiming to guide conduct in future inquiries by big and small lenders.
The Hohenzollern dynasty keeps royal prerogatives in potential play as Prince Wilhelm, son of the former Crown Prince, was barred from the throne after wedding a commoner Dorothea von Salviati. Louis Ferdinand stayed away at Wilhelm's wedding while Hubertus attended. the piece notes monarchic hopes across Europe and remarks on Bavarian beer and 3.2 percent alcohol.
Reconstruction Finance Corporation reports agricultural loans repaid at 100000 daily and banking sector improvements as March closings resume at 125 per week. Loan demand declines and overall business improves, with high value in RFC data for conditions. Greek farmers farm land for a fixed per acre charge, and soldiers would favor government funding if charged similarly.
European fashion mirrors politics as Portugal debuts blue shirts for a 5000 strong National Syndicalist movement. It touts a harmony of direction with state protection to boost productivity, blending capital knowledge and labor. Critics compare it to Mussolini and Hitler fascism, noting its ambiguous aims.
An editorial notes two Naval Academy graduates were expelled on the eve of graduation for false statements about offenses. It argues truthfulness is a vital and neglected virtue, citing broader social trends of exaggeration in politics, courts, and daily life, and lauds the academy’s stance of teaching and punishing dishonesty.
Misread line suggests Fuller is a child of the Verenilles trogiy and Senator William E. Horah. It implies Borah is also tied to the same instrument, noting that without it he would have attracted more attention in the Senate.
Union Pacific plans a new streamline motor driven train capable of about 90 mph on cross country routes. The move signals a bold reply to bus, auto, and air competition as railroads fight to defend market share.
A Kansas City kidnapping lampoon mixes macabre delight with irony as criminals exit with $39,000 amid mocking praise for a public servant father. The piece lampoons international kidnap plots, comparing them to theater and noting the sensational yet nonviolent tone of the affair.
The Washington column argues that the income tax must be reformed to require the very rich and big businesses to contribute fairly. It notes JP Morgan’s lack of income tax despite vast wealth, highlighting how current rules favor capital gains and deduct losses, challenging equal taxation and provoking calls for constitutional change or capital levy as an alternative.
In a fragmentary discussion the group questions the meaning of three letters claimed by a secret order. The speaker calls for a senior member to reveal what Z. & O. and PF. O. stand for, while noting no one in the audience dares to answer. The scene hints at a hidden ritual involving members and gendered expectations within the lodge.
A fragment requests readers to submit queries to The Helene Independent Information Bureau in Washington with three stamps for reply. It lists sample Q A items on aviation futures for women, queen’s daily egg limit, supper hour, biography of Claude R. Bowers, and various trivia. It contains era tone and scattered public notices.
A health article warns mothers about overfeeding and underfeeding infants, stressing proper milk modification with sugar and protein balance. It notes average needs around 1½ ounces per pound of weight, cautions against generic rules, and links undernutrition to growth failure, illnesses, and potential future health issues.
Chicago delegates from sheet music publishers meet to press the Industrial Recovery Act for a federal framework to curb piracy. They seek fair prices and market stability, hoping federal supervision will restore profits and protect music rights nationwide.
A Sunday night automobile crash near Bayard Nebraska killed Peter Frick a 25 year old farm hand and left two others injured. County Attorney Parry said two manslaughter charges would be filed against Frick who faced counts of driving while intoxicated failing to stop and leaving the scene.
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