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Newspaper
Mount Dora Topic
Location
Mount Dora, Florida, United States of America
Date
Aug 22, 1935
Page
2
A column surveys fanciful schemes to freeze humans for science and reports on a controversial monkey freezing claim by Willard. It notes New York strike turmoil fading, lions used as palace watch dogs in Addis Ababa, and wartime boasts about air weapons and economic shifts.
Senate finance committee reverses course on a core tax plan, dropping a wealth soak aimed at high earners and preserving small incomes. Disputes from Borah and Norris helped shape the shift as committee members reconcile with Roosevelt tax goals. The measure now shifts revenue sources and may speed congressional adjournment.
A summary explains the social security pension plan using a hypothetical worker, Bill Jones. It outlines tax contributions from 1937 to 1981 and the projected monthly pension of 38.75 dollars at age 65, with employer matching and total federal receipts over the years.
In Rhode Island First district, Republican Charles F. Risk defeated Democrat Antonio Prince by about 13,000 votes, filling the seat vacated by Francis B. Condon who joined the State Supreme Court. The GOP hailed the result as a rebuke to the New Deal and a possible signal against Roosevelt's re election. House minority leader B H Snell declared the vote a rejection of administration expenditures and predicted further such outcomes nationwide.
Farmers form the Farmers Independent Council of America in Chicago to defend rights against agricultural policy. Dan D. Casement of Kansas is president with Stanley F. Morse, Chris J. Abbott, Clyde O Patterson as organizers and vice presidents. E V Wilcox serves as secretary treasurer and Kurt Greenwald among directors. Charles E Collins voices concern over constitutional government versus dictatorship.
Senator Black’s senate inquiry into lobbying draws fire from witnesses and critics. Hurley and Tumulty testify about payments from utilities while opposing questions test fairness. Federal Trade Commission stance on private lobbying contrasts with Capitol scrutiny, highlighting executive orders and constitutional concerns.
Italy plans to mobilize 75,000 more troops, reaching a total of about one million by October. Ethiopian Emperor Haile Selassie reportedly concentrates 60,000 troops on the eastern front. Addis Ababa reports suggests ceding land for Joan to gain development and a seaport, while Western powers seek war-avoidance.
The Fuehrer appeared at Rosenheim to affirm backing for the regime's intensified housecleaning of opponents. He urged unwavering flag loyalty in good days and bad and promised to press the crackdown. Jews face mounting fear as German authorities declare harsher measures. Berlin police chief von Helldorf had forbidden individual action against Jews, while interior minister Frick vowed the Jewish problem would be resolved as the Nazi program dictates.
Dr J A De Haas of Harvard argues that nations are now primarily economic units and that recovery cannot occur in isolation. He cites Britain’s belated industrial modernization and warns that Germany Italy France and others have reached recovery limits without international cooperation.
Boston merchant Edward A. Filene argues that regardless of political shifts a New Deal is inevitable in America and worldwide. He contends pre 1929 business and government cannot resume old practices and must adapt to new conditions, noting some deals have been autocratic and alarming to democracies.
SUSTAINING THE FRANC E ARE resolved to defend the franc against every attack. We possess the means and consider it our duty. The success of our efforts should prepare the way to facilitate measures of wider importance. After economic restoration and the resumption of normal commercial relations between our peoples should come a general stabilization of moneys. Heralding the end of the low mood, this stabilization would be the surest method of causing a real and durable rise in prices. It would re-establish security, far from the moment that the different moneys that are now unstable should become definitely fixed, the business leaders in setting their prices would no longer be obliged to take the exchange factor into account.
A report notes Hitler's May speech claiming Germany ready to abolish submarines if others do likewise, with Berlin delegates reaffirming. Britain had long supported submarine elimination by international accord, as discussed at Washington and London talks. France and Japan had not yet agreed to abandon undersea craft.
Dr George F Warren, Cornell professor and monetary adviser to administration, argues price levels will not return to prelow mood levels. He states no sound basis for permanent change in long term gold value relationships and predicts violent fluctuations in gold prices as supplies shift relative to other commodities.
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