18 Aug 1932
Page 1
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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Malvern Leader
Location
Malvern, Iowa, United States of America
Date
Aug 18, 1932
Page
1
Reports say the fall budget nearly balances despite difficulties. Heavy rain measured at 4.11 inches in Iowa and Nebraska with wide variance. Economists face a paradox as prices may shift hunger differently than expected, affecting winter food access and consumption.
The piece notes that war debt critics argue Europe should not be paid unless Americans buy European goods. It recalls that a portion of loaned funds to Europe supported well known countries and the idea of circulating money back to the home economy.
Prices for corn and wheat rise amid pest concerns and tax debates as traders hope higher costs push prices up. A severe rainstorm caused a road washout near the evening pool, prompting drainage improvements around the park to improve safety and flood control.
The column recalls Speaker Garner insisting European war debts should not be canceled. It argues funds lent after the war, without congressional authorization, required government bonds as security. It contends Democratic administration failed to follow law, linking this to debates on debt cancellations and national finance.
A fragmentary regional page discusses evacuation rumors, political accusations, and the Farmers Holiday Movement. It notes improper access to congressional records, auto races, and a community response framing producer prices. The piece includes figures on state farm prices and calls for peaceful action to hold costs at production levels.
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