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Mason City Globe Gazette Newspaper Archives

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Mason City Globe-Gazette (Newspaper) - April 22, 1933, Mason City, Iowa North Iowas Edited for the Home VOL XXXIX FIVE CENTS A COPY ASSOCIATED PRESS LEASRD WIRE SERVICE TI1K NEWSPAPER THAT MAKES ALL E EDITION Financiers Game Upset Gold Embargo Jolt to International Speculators THIS PAPEH CONSISTS OF TWO SECTIONS By CHAULES p STEWART ASHINGTON April 22 CPA it is tni for h ar times in the Unit ed States Fresi dent Roosevelt embargo on fur ther gold export gives brillian promise of com pletely upsetting the game Fiscal experts both at the trea sury and on Cap itor Hill agree that it is a game impossible to be payed without full speculative lat itude and elimination of gold as the s akes takes all speculative possi bilities out of it The issue is one which involves the valuing of the money of one country against another in effect ing exchanges of goods The com rnodities traded back and forth partly balance these deals but nat urally there are margins to be set tled in cash Formerly it was easy to hit upon a common denominator for dollars pounds francs etc A iolent Fluctuations More recently this has not been uie case due to departures from the gold standard the debasing of coin ages and lare paper issues Ag result cys llv KJ letti influences most rnon ritrt violently for a time ia problem by f t1 fcrent currencies fluc V tiie a new level to aTr lcvcl tlai1 Previously rnr iJnitod States however stuck to lie rroid standard Therefore vvhie fairly stable among them Aelvei European moneys still fluc tuated ii comparison with the dol lar afforded their In poii cf fast of course the babsoi ayments due is heavily in Ar vin favor because of the war iMt this is not always i column INU RGES ECONOMIC DISARMAMENT Campait 11 TO STABT FARM RELIEF AT ONCE Wallace Plans to Get Bil in Operation 6 Months y After Passed WASHINGTON April 22 Secretary Wallace is ready t throw the entire administrate machinery of Roosevelt farm relie bill in full operation within sb weeks after its passage This was learned today as th measure ncared the end of its long congressional gauntlet at a tim when planting operations for mi merous crops are reaching thei peak He was represented as convince that the production control feature of the relief bill must be put into operation to bring about this ad juatment and to raise farm pur chasing power to its prewar stand ard For his chief administrative offi oer Wallace is considering the ap pointment of George N Peek o Moline 111 a farm equipment ufacturing executive and long ac live in midwest agricultural relief discussions but he does not intend to make his final selection until the measure has been signed by the president ProfM L Wilson of Montana one of the advocates of the domes tic allotment plan will have an important place in the administra tive setup probably in an advisory capacity 1 1 a AUNT HET By Robert Quillen You read about cheerful invalids btit no invalid ever scattered little rays o sun shine while his gall bladder was hurtin like mine was yesterday War Office Says China ign Has Gained All Objectives TOKIO April 22 war office announced today that Japan ese troops have been ordered to cease their attacks on and halt their pursuit of Chinese troops south of the great wall of China The campaign south of the wall t said has gained all he termination of Chinese pressure on the southern boundary of Jehol province and the pushing of the Ihinese beyond artillery range of he wall The campaign began of icially April 10 more than a month after the seizure of Jehol A war office spokesman said the Chinese have been expelled entirely rom the district eastward of the wan river and also from a zone xtendmg an average depth of 10 miles below the wall west of the Avan river as far as the Miyun rea Cuts Through Wall The triangular area east of the iver which cuts through the wall xtends nearly 100 miles to the sea nd about 60 miles at its base along he seacoaat A Shanghai dispatch aid Japanese and Manchukuan of cials established an independent rovisional government in that area Frldayat The occupied section along the vail to the rest of the river extends nother 100 miles inland Recent air ombings were believed to have cattered Chinese concentrations at liyun 35 miles northeast of Pelp 1 ing below the western end of the Jehol border The Japanese con tended these concentrations were threatening Kupeikow a great wall pass 30 miles north of Miyun Keep Neutral Zone Without seeking Chinese agree ment the Japanese army intends to maintain a neutral zone in this area thus cleared it was stated Any Chinese troops attempting to re enter will be bombed by Japanese planes If this fails infantry opera tions will be renewed The Japanese command believes the Chinese are unlikely to attempt to reoccupy the zone The Japanese intend to hold the present lines only a little longer they said until there is no likelihood of fresh Chinese attacks Deny Schemes The war office denied that Japan wag encouraging the reported at tempt of the Manchurian general TingChiang to establish a pro Manchukuo regime east of the Lwan river and declared such schemes would be disclosed Japan has no intention of assist ing in the extension of the Man chukuo governments authority be yond the great wall it was asserted Since the Japanese offensive south of the great wall began there were reports that it was not likely to halt until it reached Tientsin and Peiping the two cities where moat of the 3000 Americans in the area live Will Rogers BEVERLY HILLS Cal April there just aint much to write about today but gold and there aint much gold to write about There is one good thing about this whole economic move a dumb man knows just as much about it as a smart one does for I bet you there is not a man in America could tell you exactly what it will lead to For after all a printing press can make you awful rich for a little Here is something you might have forgot In the campaign last fall the republi cans said if the democrats got in they would inflate money and tfce democrats swore they wouldnt But who can remem ber a campaign promise I dont know how 1 ever happened to re member that one but let er go we are all on a drunk for the time being anyhow and the durn thing might accidentally work permanently Yours WILL ROGERS 1033 McNnught Sjmllcalo SenateApproves Mortgage JAPANESE ORDER wui Rogers REED HALT IN ATTACK SOUTH OF WALL Paul Hinch Goes on Trial Monday in Local Court Man Charged With Murder of Wife on Highway Last December Paul Kincn charged with mur der m the first degree will go on trial in the district court here Mon day afternoon at oclock Although no definite announce ment was made as to which one of the two judges here will take the case it is understood Judge M F Edwards will preside at the hearing The trial will mark the first ma jor engagement of County Attor ney M L Mason since he took the office the first of the year He will be assisted by M E Laird his as sistant county attorney and E G Dunn The defendant is represented by W G Henke Charles City promi nent North Iowa criminal lawyer and F A Ontjes of Mason City The selection of the jury for the case is expected to take all of Mon day afternoon and part of Tuesday attorneys in the case estimated Hinch is charged with the mur der of his wife on a highway in the southern part of the county the last part of last December RENEW FEOD ON SOUTHERN RIVER Mississippi Guardsmen Fire After Hearing Dynamite Explosions BELZONI Miss April 22 TI National guardsmen early today brought their guns into play along he Yazoo river levees south of here and watched alertly ns a renewal of he feud between warring flood hreatencd Delta farmers appeared mmincnt Scores of shots were fired by the rpops after three mysterious dyna mite explosions and the chugging f elusive motorboats in the dark ess were heard along the river Maj T D Birdsong sent all avail ble guardsmen to the levees bortly after midnight Later nu nerous shots were heard up and own the 10 mile sector south of elzom The flood wracked area here bout first grcw tcnac Tucsda Mien Rn armed force of farmers verpowcred guards at the Chute ridgcncar Glcndora and dyna uted the levee there releasing pent P water that threatened their arm lands Heavy Officer Finds Liquor Hiding Place FORT SMITH Ark April 22 rT Sheriff Los Williams raid ed a home but found nothing but a little fermenting beer As Williams started to leave a board gave be neath him disclosing a secret cellar containing 150 gallons of liquor and equipment valued at S3000 Wil liams weighs 200 pounds Des Moines Woman Hurt in Car Crash OMAHA April 22 i s s Helen Maroon West hotel Des Moines suffered a fractured pelvis and broken collar bone when a track collided with the car in which she rode last night with Wesley Ad kins of Omaha Seeks License Renewal WASHINGTON April 22 The Federal Radio commission has received an application from the University of Iowa for a renewal of its visual broadcasting license G 0 P ASSAULT UPON INFLATION Frazier Substitute for Ad ministration Farm Act Rejected WASHINGTON April 22 The two billion dollar administra tion farm mortgage refinancing plan was formally approved today by the senate as a part of the gen eral farm relief bill and the admin istration s inflation amendment was made the pending business As soon as this amendment was called up However the senate re cessed until Monday Previously the Frazier substitute for the administration refinancing plan had been rejected by the sen ate 44 to 25 Urged by Fruitier Advocated by Senator Frazici R N in behalf of the Na tional Farmers Union the plan pro posed refloating farm debts at iy per cent interest and 514 per cent yearly on the principal through I bonds and currency It was urged by Frazier to take the place of the Roosevelt program for refinancing agricultural debts at 1 per cent interest through a two billion dollar bond issue A vigorous appeal to the country for pressure of congress to defeat inflation rang out today as Senator Reed of renewed the by the republican regulars on the administration plant Must Wake Up If America will wake up then we have a chance of beating this bill he shouted at the senate He called for voters to flood his col leagues with telegrams for defeat of this insane scheme Unless Americans wake up he said there is every likelihood the bill will pass He declared the inflation would harm the poor people of the country most wage earners particularly MacDONALD ARRIVESFQR ROOSEVELT PARLEY leftl of Grcat and launched into a long explana tion of the effects he foresaw Senator Byrnes D S then denied in the senate reports that President Roosevelt had agreed to modification of the inflation rider by eliminating the proposal to per mit him to lower the gold content of the dollar Gold Content Clause Nevertheless Senator Patterson R introduced an amend ment to strike the gold content clause from the inflation proposal Speaker Rainey at his press con ference todaj answered the attack of republican leaders on the plan with a declaration that They are from 20 to 30 years behind the times Big business and bankers they follow were repudi ated last fall They ought to know it by now They are never in a position to learn anything new Bound for Penitentiary Many of the bankers they have been following soon will go to the penitentiary Meanwhile the senate Banking Subcommittee on silver took up al pending measures bearing on rc Tnrn In 2 column rt IOWA PRESS TO BACK NEW DEAL Convention Elects Officers for 1933 Lovejoy Is New President DES MOINES April 22 Iowa Press association today in dorsed President Roosevelts new deal and declared its intention of standing with him on the proposi ion of more business in government IA1 gu vui inim and less government in business The association also commended he economy record of the Iowa egilaturc asserting its appreciation of the program of economy tax re duction and constructive legislation in the interests of the people Other resolutions indorsed K F Baldriclgc of Bloomfield as candi date for vice president of the Na tional Editorial association and ad vocated reduction in first class pos tal rates from 3 to 2 cents Adopt Officers Slate The association issued an invita tion to the National Editoria to held its 1934 convention Rankin Scores Mills and Mellon in House WASHINGTON April 22 Representative Rankin D Miss charged in the house today that Andrew W Mellon and Ogden Uills the two men who wrecked he administration of President Hoover now are trying to wreck he administration of President Roosevelt by opposing lation program his in French Cabinet Hopes for Return of Gold Standard Herriot Told to Out Intentions of Roosevelt PARIS April 22 de clared today for maintenance of the gold standard After the first cabinet meeting to consider the present monetary situation Finance Minister George Bonnet said the government hopes all countries will return to gold as soon as possible Former Premier Edouard Herriot arnvinsr in New York tomorrow was sent new instructions by the cabinet and told to inquire immedi ately from President Roosevelt as n removing the United States from the gold stand He was told to inquire whether the action was temporary or the be ginning of a definite policy toward devalorization Tt W1S stated thc cibiiet sur veyed the situation without alarm and decided to urge the speediest possible meeting of the world eco nomic ciation here It also adopted the slate of offi cers named by the nominating com mittee for the coming year V H Lovejoy of the Jefferson Bee being named president Lovejoy vico president during the past year assumes the presi dency b the associations tradition that the editor elected vice presi dent shall become president the next year He succeeds J M Beck of Centerville publisher of the Cen terville lowegian Ralph Overholser editor of the Red Oak Express was named by the nominating committee for vice president to become president in 1934 Committee Nominations The other nominations of the committee were E J Sidey of thc Greenfield Free Press for treasurer S E Ten ant of the Colfax Tribune for re election as secretary and two di rectors Fred B Wolf of Primghar and W K Rogers for reelection Charles A Doxsce of thc Monti cello Express treasurer last year was nominated to the directorship SjicnI at Banquet Gov Clyde Herring Dr Frank Bane of the Brookings Institution Lee P Loomis publisher of the Ma son City GlobeGazette W Earl Hal state commander of the Amer ican Logon and J M Beck ofCen terville president of the association were principal speakers at the an nual banquet last night E P Adltr of Davenport pub iaher of the Davenport Daily Times W G Ray of Grinnell editor of thc Grinnell Herald and Ed M Smith editor and manager of the Winter set Madisonian were named mas ter editorpublishers by the awards judging committee headed by Prof Blair Converse of Iowa State col lege Has Served Iowa Professor Converse presenting the awards said that Mr Smith for 30 years has published a con Tum lo pntc 3 column 8 Two Held as Violators of Beer Statute Shipley Fines Britven in Police Court The first cases involving violation or the beer ordinance came up in lolice court before Judge John C Shipley Saturday morning follow ng the arrest of two men Friday vening by police James Britven who operates a tore at 1647 North Federal avenue vas fined and costs at court but hrough his attorney L R Boom lower served notice of appeal for which he posted a 5200 bond STOCKS BOOM AS BUYING RESUMES Metal and Rail Shares Lead as Share Prices Turn Upward T in 22 fresh Held on two Counts Karl Kirchoff 817 Jackson ave nue southwest grocer charged not with violation of ordinance 270 but also with illegal possession of intoxicating liquor appeared at court but his cases were continued until Monday Bond on the ordi nance charge was set at 5150 and on the slate charge nt Britven arrested after he sold two bottles of beer in violation of his class C permit admitted at court that he had made the sale but he declared he did not under stand the provisions of the ordi nance There arc so many things you hear and one says this and another says that until you dont know what to do he explained to Judge Shipley The ordinance provides that beer must be sold in the origi nal sealed package and in quanti ties of not less than 114 ounces of ocer Seized Two Bottles Kirchoff was arrested after de tectives seized two bottles of beer also sold in violation of his C per mit according to police He was also charged with thepossession of a gallon tin of alcohol seized by of ficers Present at the hearings were Les ter C Dibble city solicitor who framed the ordinance E J Patton new chief of police who signed the informations M L Mason county attorney and others interested in the proceedings The cases will he referred to the city council for action concerning the revocation of the permits ac cording to officials NEW YORK April Stocks pushed upward ii outburst of buying today Let by nietail and rail issues the market resumed its advance in a whirl of activity that swiftly con verted early losses of SI to 2 into gams of larger proportions and the overburdened ticker tape fell sev eral minutes behind Net advances ranged from ST to more than 51 for a wide variety of favorite issues and sales reached tlic large Saturday volume of ap proximately 2300000 shares Closing Tono Strong The heavy profit taking vester day and at the opening thismorn mg appeared to have helped the market to its fresh start The clos ing tone was strong Fluctuations of the dollar In terms of foreign currencies were relatively narrow Leading commodities stiffened as stocks rallied Corn at New York more than recovered opening losses of around a dollar a bale while wheat nt noon was up about a cent a bushel U S Steel Higher United States steel Common closed at J42S7 up MHO du Pon S4G up 5287 American Telephone Can ST75r up American Tobacco P 5437 Corn Products wo nvUP 5325 Homestake Mining up Continental Can up Cresapeake and Ohio 137 Pacific un MDONALDTALKS WITH PRESIDENT FOR TWO HOURS U S Informs Europeans Gold Desertion Not Political Move WASHINGTON April 22 dv An economic disarmament and an agreement among nations that would solve the monetary problem was pointed to by Ramsay Mac Donald today as the first step need ed to start the world moving back toward better days President Roosevelt and Prime Minister MacDonald reviewed the main problems of the world eco nomic conference for almost two hours at thc white house today ach flanked by diplomatic and eco lomic advisors In a joint statement issued at lie executive mansion after their assistants had headed to thc British embassy to continue the discussions here through the afternoon the two leaders said Studied y Experts The main problems of the world economic conference were reviewed ind a decision was reached that hese should be allocated in the first instance to the experts who would commence their discussions this afternoon and continue them tomorrow The dominant place accorded world money stabilisation in the discussions remained plainly evi dent in the light of emphasis plac ed on the question at the white house and state department Sug gestions were being considered for to reduce Tthe gold Da c king b eh ind nation in fcurrency units the aim being to iftcom modity prices over the world and thereby spur world trade The brief Joint declaration the first to come from the meeting be tween the president and the British prime minister simply stated in the neginning that a preliminary dis English Banker India Bound Changes Mind and Sails Back Home MARSEILLES France April 22 Norman governor of the Bank of England came here OD his way to India but suddenly changed his plans today sailing back to England on the jBteamship Comorm The financier arrived Thursday night aboard the Pando aiserihind bound for Bombay but he left the ship at this port Union Pacific 2 5275 U S Smelting ufBO National Steel 53150 up 2 Cotton futures here closed with net gnms of 35 to 60 cents a bale The silver futures market was again strong while silk hides sugar and cocoa reached higher levels Cafe Owner Steps in Manhole With Dishes BFLOIT Kana April 22 Plumbers were at work in Frank Randalls cafe kitchen and in the course of their job opened up a manhole Randall came along his arms full of dishes and stepped right Into the hole Some of the dishes werent broken Prescnt at Meeting President Roosevelt Prime Min ister MacDonald Secretary Hull Ambassador Lindsay Raymond Molny assistant secretary of state Chairman PIttman of tlie senate foreign relations committee Herbert I cis economic advisor of ie state department William C iSulhtt special assistant to the fiec rctaiy of state Sir Robert Van Sit tart Sir Frederick LeithRoss lames Barlow and Arnold E Over ton The prime minister this after noon was n luncheon guest at the National Press club Meanwhile Senator Borah of Ida ho told reporters that Premier Mac Donald and his daughter Hiss Ish hel would tie breakfast guests of the Senator and Mrs Borah at the In tiers apartment Monday niorn Informal DiscusKion Borah ranking republican on senate foreign relations committee expects to have nn informal discus sion of world problems with tin British statesman at their meeting Meanwhile in the senate Lewis of Illinois predicted failure for the economic conferences if European powers insist upon discussing war debts before international commer cial cooperative steps Extreme care was taken to as sure not only the British statesmen Turn 1 rolumn 4 Petition for Removal of Fort Dodge Mayor FORT DODGE April 22 competcncy and Indifference in making appointments to city of fices are charged to Mayor George Burnct and Public Safety Commis sioner O W Sundhcrg In petitions circulated here calling for a special election designed to remove them from offica IOWA WEATHER GcncrnNy fair Saturday night md Sunday Protaihfy snme frost Suliinliiy night Not much oliaiige in lempcniturn LOCAL STATISTICS American Beet Sugar compan weather figures for 21 hour period ending at 8 oclock Saturday morn ing Maximum Friday Rfl Minimum In nigiit su At 8 A M Saturday 10 The most precipitous drop in sev eral weeks occurred in the temper ature Friday night WEEKLY FORECAST CHICAGO April 22 Weather outlook for the week be ginning Monday April 21 For the upper Mississippi and lower Missouri valleys and the northern and central great plains Net much precipitation indicated until last of week when showers may occur temperatures near or below normal for the most part ;