Revelations of Stock Practices in Major Gains
Senate inquiry heard Walter E. Sachs of Goldman Sachs detail $23.5 million paid for General Foods with $1.75 million basis, plus $12 million and $10 million in 1929 for two other firms over patents. Postum ownership and dividend preferences were discussed, with a $230,000 loss on Postum stock and later write‑offs. Separate items note Curtis’s whereabouts linked to the Lindbergh case and Dr. Condon’s grand jury testimony and NJ tour plans.
MENTIONED IN THIS ARTICLE
Washington
Walter E. Sachs
Goldman-Sachs Trading Corporation
Senate Banking Committee
General Foods Company
Postum Company
Ucaman-Sacha
Sachs
William A. Gray
Gray
Goldman-Sachs
Postum
Postmaster Sentenced to Three Years for Embezzlement
Asheville May 20. Charles E. Boone, former Blue Ridge post office postmaster, admitted a $2968.28 shortage and pleaded guilty to embezzlement and falsification of records. Judge B Yates Webb sentenced him to three years in federal prison with parole possible after one year if Boone pays half the shortage.
MENTIONED IN THIS ARTICLE
Asheville
Charles E. Boone
Blue Ridge
B. Yates Webb
U. S. District Court
Boone
Webb
Railroads Authorized to Cut Cotton Rates Across South
The Interstate Commerce Commission allowed railroads to reduce cotton rates by about 20 percent through August 1. The cuts cover cotton moving to and from the Mississippi Valley, southeastern and Carolina territories, including gulf and South Atlantic ports, Ohio crossings, St. Louis, and southern Virginia points.
MENTIONED IN THIS ARTICLE
Washington
South
Interstate Commerce Commission
Mississippi Valley
Carolina
Gulf and South Atlantic
Ohio River
St. Louis
Virginia
Three-Fold Farm Relief Plan Favored by Senate Panel
A Senate Agriculture Committee reported favorably the three fold farm relief plan from national farm groups. The measure, drafted by the National Grange the National Farmers Union and the American Farm Bureau Federation, authorizes the farm board to implement one or more plans to aid agriculture. It includes equalization fees export debentures and a domestic allotment scheme with marketing agreements to withhold commodities and cover costs.
MENTIONED IN THIS ARTICLE
Washington
Senate Agriculture Committee
National Grange
National Farmers’ Union
American Farm Bureau Federation
Farm Board
McNary
Statue Unveiling Honors Aycock Career in N C Governor
Washington observers report North Carolina native Charles Brantley Aycock lauded by Rep. Blandsay Warren as deserving of the nation’s tribute. Aycock’s statue unveiled in Statuary Hall highlights his leadership in public education and state governance, with Warren citing enduring inspiration beyond the bronze.
MENTIONED IN THIS ARTICLE
Aycock
Warren
Washington
Blandsay Warren
North Carolina
Arles Brantley Aycock
United States
Commonwealth of North Carolina
Commonwealth
Charles Brantley Aycock
Margaret Sanger Defends Birth Control Bill
Mrs. Margaret Sanger testified before a Senate committee that opposition to birth control rests on opinion rather than fact and argued the Hatfield bill would allow doctors to disseminate information. She said the measure would not open the mails to illicit material and noted the American Medical Association had not acted at its national convention.
MENTIONED IN THIS ARTICLE
Washington
Margaret Sanger
Senate
Facta
Hatfield
W. A
Embezzler Williams Sentenced in Hendersonville Case
Jean Babington Williams former bank teller pleaded guilty to embezzling funds from Citizens National Bank of Hendersonville and received a two years suspended sentence from Judge E Yates Webb in U S District Court. Her plea was entered last November and the sentence deferred at that time. She replaced the funds.
MENTIONED IN THIS ARTICLE
Asheville
N. C
Jean Babington Williams
Citizens National Bank of
Hendersonville
E. Yates Webb
U. S. District Court
Williams
Aycock Statue Unveiling Draws North Carolina Delegation
About a hundred North Carolinians gathered in Washington for the bronze statue of former Governor Charles Brantley Aycock to be placed in Statuary Hall beside Vance. Governor Gardner led the 3 PM ceremony with Aycock family members and state officials in attendance.
Home Loan Bank Bill Favored by House Banking Committee
President Hoover's Home Loan bank bill was ordered favorably reported to the House by the banking committee. The revised measure would create federal home loan banks similar to the federal reserve system to support home financing institutions.
MENTIONED IN THIS ARTICLE
Washington
Hoover
House
Federal Reserve System
Wisecracks After Death Sentence Given in New York
Twenty three year old William Turner convicted of killing a man in a speakeasy played solitaire in the courtroom as the judge praised the seriousness of the proceedings. He muttered Whaddya want me to do sit around and cry about it all day.
MENTIONED IN THIS ARTICLE
New York
William Turner
Garner Praised for Relief Plan
Washington May 20 Hundreds of communications poured into Speaker Garner's office endorsing his three point relief program. The plan seeks 2.1 billion dollars in reconstruction funds plus 100 million for presidential use without strings to relieve distress. Lawmakers expect quick action and Senate referral within two weeks.
MENTIONED IN THIS ARTICLE
Washington
Garner
House
Ways and Means Committee
Texas Democrat
Senate
Lindbergh Five Years After Flight Hero Becomes Mourning Father
Charles A Lindbergh rose from obscurity to global fame after the Spirit of St Louis flight. Five years later the Detroit native faces tragedy as his baby is murdered, amid a public storm of police work, lies, and sensational headlines while the world watches.
MENTIONED IN THIS ARTICLE
Charles Lindbergh
Detroit
Mich
Congress
Skyways
House Adopts Bill To Make Public Its Payroll Figures
The U S House unanimously adopted the Warren resolution to open payroll records. Clerk South Trimble is ordered to keep disbursing records accessible for inspection at all times. The measure follows accusations about relatives and spouses on Capitol Hill payrolls. Representative Mitchell of Tennessee had demanded access previously and was denied.
MENTIONED IN THIS ARTICLE
House
Washington
South Trimble
Capitol Hill
Mitchell
Tenn
Schorr Dead Dean of Memphis Horsemen Dies at 80
John W. Schorr distinguished Memphis horseman and dean of local racing circuits died in his hotel in Memphis at age 80. The longtime figure was widely known in regional horse racing circles. He passed away early today, May 20, at his hotel.
MENTIONED IN THIS ARTICLE
Schorr
Memphis
Tenn
John W. Schorr
Memphis Horsemen
Owen Young Leads New Move to Rejuvenate Credit
A powerful committee of bankers and industrialists led by Owen D. Young started a drive to mobilize hundreds of millions of idle dollars. George L. Harrison summoned the group to push federal reserve credit expansion and aid recovery. Potential plans include loans to building and loan societies and farm loan banks to finance small homes and support agricultural districts.
MENTIONED IN THIS ARTICLE
Owen Young
New York
Owen D. Young
George L. Harrison
New York Federal Reserve Bank
Federal Reserve
Federal Reserve System
United States
Reserve
Smith Reynolds Weds Libby Holman in Secret Marriage
New York May 20.Libby Holman musical comedy star and Smith Reynolds heir to the Reynolds tobacco fortune have married after a prior divorce. They reportedly wed months ago and honeymooned in Europe. They were not reachable at the Ambassador Hotel where they were registered. Reynolds, an aviation enthusiast, had completed an around the world trip by boat and plane. His first wife Anne Cannon, daughter of a North Carolina textile magnate, had a prior Reno divorce after a short romance with Reynolds who had set up a million dollar trust for their daughter.
MENTIONED IN THIS ARTICLE
New York
Libby Holman
Smith Reynolds
Reynolds’ Tobacco
Reynolds
Anne Cannon
Europe
Ambassador Hotel
Concord
N. C
York,&. C
Reno
Nev
Credit Amendment To Farm Loan Act Signed By Hoover
President Hoover signed an amendment to the federal farm loan act expanding federal intermediate credit banks powers. The change allows banks to accept drafts from cooperative marketing associations and permits rediscount by federal reserve banks of notes discounted by the intermediate banks.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Federal Farm Loan Act
Federal Intermediate Credit Banks
Federal Reserve Banks
Reprieve Saves Man From Chair Ten Minutes Before Time
Albert Jackson, a Black man, faced execution at Milledgeville prison but received a Governor Russell reprieve ten minutes before the scheduled death. A 25-person community group gathered in the chamber as the chair and medical staff stood ready awaiting word on the fate of the condemned man. The governor said the 30 day delay would allow the state prison commission to review the case.
MENTIONED IN THIS ARTICLE
Milledgeville
Russell
Albert Jackson
Jackson
State Prison Commission
Prohibition Viewpoints In Beverly Hills Letter
A letter from Beverly Hills criticizes publicity stunts by Mrs. Vincent Astor and New York society women raising nickels for anti prohibition. The writer argues such antics undermine public support and that repeal is blocked by the wrong people.
MENTIONED IN THIS ARTICLE
Beverly Hills
Calif
Cuba Faces Quiet Independence Day Amid Revolt Fears
In Havana on May 20 Cuba marked 30 years of independence under martial law with limited festivities. Police raids into the amateur athletic union offices led to more than 300 arrests and seizures of ABC revolutionary code lists. Arms caches and planned expeditions from Mexico and Honduras fueled tension.
MENTIONED IN THIS ARTICLE
Havana
Cuban
Spain
Cuba
Dos Rios
Jose Marti
Amateur Athletic Union
ABC Revolutionary Organization
Camaguey
Mexico
Honduras
Interior Department
Also Mentioned on This Page
Tydings
Sra
Roosevelt Field
Charles A. Lindbergh
Spirit of
Lindbergh
Norfolk
Schwartzkopf
Condon
Trading Corporation
Food Inquiry
Hopewell
N. J
John H. Curtis
John F. Condon
Curtis
H. Norman Schwarzkopf
State Police
Transom
Col. Schwarzkopf
Col
Curtis Associates
New Jersey
Moore
Dobson-Peacock
Schwarzkopf
Jassie
Bronx
Grand Jury
Ralph Hacker
Leonia
Hacker
Dr. Condon
Rogues Galleries
New Rochelle
N. Y
Capitol
Charles Keck
Zebulon Baird Vance
James K. Polk
Andrew Johnson
Home Loan Bank Bill
Lindy
Dale Harrison
Charlies A. Lindbergh
Paris
Chicago-St. Louis
le Bourget
Libbie Holman
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