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Newspaper
Kingsport Times
Location
Kingsport, Tennessee, United States of America
Date
Jun 07, 1934
Page
6
The measure aims to aid corporations by providing receivership arrangements for reorganization. Many receiverships arose from maturing bond issues when refinancing was not possible. Some have continued to pay interest on senior securities, but the receivership often worsened a creditor’s position, requiring earnings to be diverted elsewhere.
Michael P. Tighe and union leaders press genuine collective bargaining as the sole demand. Johnson, with NRA counsel Donald Richberg and Frances Robinson, outlines a plan to create a separate labor relations board for the steel industry. Directors oppose the closed shop, signaling industry support for open shop concepts amid the conference.
Chicago June 7 The new Republican national chairman Henry P Fletcher announced readiness to work immediately and defend the party platform. Fletcher, a former Roosevelt Rough Rider and ambassador to Italy, stressed support for the party's principles while aligning with western committeemen and leaders including Chester C Belton and Senator Daniel Hastings. The open session is to critique the Roosevelt New Deal and outline remedies to revive the nation amid drought, depressed farm prices, and labor unrest.
A long forgotten sensational tale recounts attempts to kill Mike Malloy by poison, tainted food, and alcohol. Despite repeated plots and near-misses, Malloy survived each grim ruse and was later rescued after being left for dead on a roadway.
The text describes a man being fed drinks in a furnished room, then a switch to other methods and gas to render him unconscious. It then shifts to a note about Sing Sing prison where electricity is planned to be used in another furnished room tonight.
Businessmen plan to exchange NRA notes by month’s end and expect to present recommendations largely based on Hot Springs discussions. The plan indicates a coordinated effort drawing on regional talks to shape the NRA’s next steps.
Reported across the Western states, customers seek tariff bargains as two plans emerge. Argentina and Germany approached the State Department amid ongoing negotiations. Dr Hans Luther, the German ambassador, pressed for resumption of Argentine American talks and a revised treaty to replace an unconditional most favored nation pact expiring in October. Espil Calis Felipe Espil is cited among Argentine negotiators as the talks proceed.
Preliminary studies on the Argentina matter are largely complete and a treaty is expected to be among the first signed. Negotiations with Sweden Brazil Mexico and Canada are in progress with early talks anticipated. Secretary Hull will supervise the tariff revision, with Francis B Sayre leading the executive committee on commercial policy.
Federal agencies accelerate drought aid boosting wheat payments to 9 cents per bushel and rushing 30 million dollars in benefit checks to farmers. Freight rates cut 33 to 50 percent in drought zones as over 200 inspectors oversee cattle programs.
Refinement of plans targets storage for 15,000,000 bushels of spring wheat, 40,000,000 bushels of oats, and 10,000,00 bushels of barley for seed. Congress leaders said a $525,000,000 relief appropriation would pass quickly after President Roosevelt's request. The Weather Bureau forecast only partial relief with scattered light showers across the Dakotas, western and southern Minnesota, Iowa, Nebraska, Kansas, Missouri, and the Ohio Valley.
A thief fled down a Chicago street with a cash box as coins spilled from a hole in the container. A nickel and dime trail led employees for blocks before the robber plugged the hole and escaped with $189, most of which was later recovered.
Police found only hats and coats on pegs when answering the riot call at Andre Vecchione's cafe. The dark haired youth outside fired a pistol through the glass as patrons fled, leaving no one injured or inside.
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