Banker’s stock transactions called frauds
United States Attorney George Z. Medalie told a federal jury that Charles Mitchell’s 1929 and 1932 stock sales to his wife and friends were pretenses to evade over 850000 in income taxes. He alleged wash sales and fictitious losses, claiming stock was never in Mrs Mitchells possession and that Morgan & Co held it as loan security. The prosecutor outlined profits and sham transfers to relieve Mitchell’s tax burden and questioned why the bank loan losses were borne by Morgan if the sales were real.
MENTIONED IN THIS ARTICLE
New York
United States
George Z. Medalle
Charles &. Mitchell
Mitchell
Medalie
National City Bank
J. B. Morgan & Co
Acttehell
Mit
Morgan
Morgan and Company
Bonus Army Seeks Extension for Convention Stay
A delegation of nearly 4000 veterans in Fort Hunt Virginia visited the White House to request more time for their convention to press for the bonus payment. Leader George Brady said many officials could not reach camp and urged extending the gathering past Thursday after talks with President's secretary Louis Howe.
MENTIONED IN THIS ARTICLE
Washington
Fort Hunt
Virginia
White House
George Brady
U-Ith
Louis M. Howe
Bolivia Agrees to Arbitrate War with Paraguay
Bolivia accepted arbitration of its Gran Chaco dispute with Paraguay, signaling a potential halt to hostilities. The move came via a League of Nations cable, following Paraguay’s declaration of war last week and its acceptance of arbitration.
MENTIONED IN THIS ARTICLE
Geneva
Bolivia
Sagsreed
Paraguay
League of Nations
Gran Chaco
Paraguey
Roosevelt appeals for world unite to curb arms
President Roosevelt calls for immediate action toward a global disarmament framework. He urges nations to avoid frontier troop movements, curb offensive weapons, and pursue a binding nonaggression pact as Geneva and London talks proceed. The 1,000 word message lists fifty recipients and warns against selfish victories undermining peace.
MENTIONED IN THIS ARTICLE
London
Adolf Hitler
Reichstag
State Department
United States
Haiti
China
Roosevelt
King George
England
von Hindenburg
Germany
Hirohito
Japan
Victor Emanuel
Italy
Lebron
France
Michail Kalinin
All Union Central Executive Committee
Moscow
Russia
Congress
Geneva
Stolen Tire Ta uge 15 Quickly Recovered Kansas City
A shipment of motor car tires valued at 10000 dollars and the truck and trailer were stolen near Sweet Springs by five men this morning and recovered shortly after at Leeds. Three men Arthur Leroy 24 Chicago William Francis 29 St Louis Roy E Harris 32 St Louis were taken into custody with the truck and cargo. The men claimed they hitchhiked and were hired to drive the truck to Kansas City. The truck owner Tom Young of Akron Ohio identified the trio as two of the five robbers who held them up with Frank Young and Glenn Claire.
MENTIONED IN THIS ARTICLE
Kansas City
Sweet Springs
Leeds
Arthur Leroy
Chicago
Willam Francis
St. Louis
Roy E. Harris
Tom Young Truck Company
Akron
Frank Young
Young
Glenn Claire
Hitler Confers With Hindenburg On Treaty Revival
Reports from Paris and London say a revived League of Nations council may resume activity under the Treaty of Versailles provisions. The discussion follows controversy over the German arms problem and potential declarations by Hitler and Roosevelt.
MENTIONED IN THIS ARTICLE
Paris
London
Hitler
Roosevelt
International Shoe Co gets army service shoe contracts
Philadelphia May 16 The quartermaster department of the army awarded contracts for 200,016 pairs of army service shoes largely for the civilian conservation corps The Brown Shoe Company of St Louis received 25,000 pairs at 2 222 each and 25,000 at 2 23 The International Shoe Company of Louis was awarded 40 006 at 2 48
MENTIONED IN THIS ARTICLE
Philadelphia
Quartermaster Department of the Army
Civilian Conservation Corps
Brown Shoe Company
St. Louis
International Shoe Company of
Louis
Frisco Locomotive Jumps The Track
Frisco locomotive derailed on a side track near Neodesha Kansas injuring several crew members. Fireman Fetters suffered a broken nose and facial injuries while conductor Wilson had a bruised leg and chest contusion. Engineer Ray and brakeman Stapp received multiple bruises as the wreck halted the train. An unrelated list of words appears at the end of the report.
MENTIONED IN THIS ARTICLE
Neodesha
Kas
St. Louis
San Francisco
Fort Booth
F. H. Fetters
Billie Wilson
Guy Ray
Frank Stapp
Jmain
Warns Against Fly-by-Night Stock Dealers
Ira A. McBride state building and loan superintendent warns investors about accepting stock from fly-by-night organizations during the economic emergency. He notes many firms trade questionable or worthless stock for solid first mortgage backed shares and urges investors needing cash to sell only for ready cash, avoiding predatory salesmen.
MENTIONED IN THIS ARTICLE
Ira A. McBride
State Building and Loan
Building and Loan Association
McBride
Dentist Injured, Confined to Home After Office Accident
Dr. B. Smith Reed, a local dentist, is confined to his home at 609 Gordon Street after sustaining a crushed right foot when a heavy motor fell on it at his office on 1313 High Street. The injuries are not serious but will disable him for at least a week.
MENTIONED IN THIS ARTICLE
B. Smith Reed
Gordon Street
Yaster
Radio War Set To Open Between Austria And Germany
May 16. A radio war was scheduled to open at night as Dr. Hans Frank, envoy of Chancellor Hitler, who was expelled as an undesirable alien, will fire the first broadcast against Austria from German radio stations. Shortly after, Austrian Justice Minister Kurt Schuschnigg will reply over an Austrian hookup.
MENTIONED IN THIS ARTICLE
Vienna
Austria
Germany
Hans Franck
Adolf Hitler
Kurt Schuschnigg
City Wing Gage Against Utility In Court Fight
City of Campbell Missouri and Fairbanks Morse Co were ruled not guilty of civil contempt by the U.S. Court of Appeals, reversing a lower court ruling tied to an Arkansas Missouri Power Company action over a city power project. The appeals court allowed the power company to seek an injunction on a new contract with Fairbanks Morse.
MENTIONED IN THIS ARTICLE
Federal Court of Appeals
Campbell, Mo
ST. Paul, Minn
Campbell
Fairbanks, Morse && Co
United States Circuit Court of Appeals
Federal District Court
District of Missouri
Arkansas-Missouri Power Company
Fairbanks Morse Company
Circuit
Power Company
Fairbanks, Morse & Co
Fairbanks, Morse & Coy
Federal District
City-Campbell contempt case overturned on new contract
The city of Campbell and officers with Fairbanks, Morse & Co. faced civil contempt for a prior injunction over indebtedness and power funding. A federal reversal today clears the city and the company when a new contract addressed earlier court objections.
Streams Rise Across States Amid Flood Threat
Floodwaters mount across several states as rivers rise for a second time in two months. In Memphis, meteorologist W. Brist predicts the Mississippi River will exceed flood stage, with a forecast around 38 feet. Levees are designed to withstand at least 45 feet on the Memphis gauge.
MENTIONED IN THIS ARTICLE
FL W. Brist
Mem
Brist
Memphis
Also Mentioned on This Page
U. S
Chas
E. Mitchell
Gov’t
Toosevelt
Mrs. Roosevelt
Frisco
TRIS
Blaser Universal Auto Service
Adams
Secret Police
Adolf Flitler
Rudolf Hess
OGPU
Jess Horak
HORAK
High St
Moerschel's Little
Stephen Douglas
Thom McGrave
Moenschel’s
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