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Newspaper
Mount Dora Topic
Location
Mount Dora, Florida, United States of America
Date
May 24, 1934
Page
2
A Brisbane column surveys stock exchange reform, bank liquidity fears, and margin rules amid postwar debt tensions. It notes beer and whisky trends after prohibition, wheat crop stresses in Nebraska, and looming European military buildup with potential U S default risks. The piece critiques a Texas candidate and hints at Roosevelt’s stance on Germany and credit.
Samuel Insull arrives in New Jersey aboard the Exilena and is landed by the coast guard cutter Hudson before fast transport to Chicago. He declares he is fighting for freedom and vindication, admits errors in misjudgment amid the financial panic, while his son Samuel Insull Jr. accompanies him on the journey.
Andrew W. Mellon, ex secretary of the treasury and former ambassador to England, was acquitted when a Pittsburgh grand jury refused to indict him on income tax evasion charges. Jurors included a bank clerk as foreman and varied tradesmen. Mellon credited the verdict to the American people and said the case ends political attacks by Attorney General Cummings. The government signaled no appeals to challenge the decision.
The Darrow board majority urged a federal backed reorganization limiting NRA powers, giving equal votes to federal government big and small industries while scrapping current code authorities. Johnson opposes, big business and labor may resist, while Roosevelt waits on public release.
A long excerpt covers Ernest Shaw on Communism, noting tyranny in Russia and his irony at Soviet plots. The piece blends musings on roads, debt, and rural self-sufficiency, recalling surveys of town growth, politics, and personal recollections from a lengthy, reflective column.
In Fort Worth Texas a daughter was born to Mr and Mrs Eliott Roosevelt weighing six pounds six ounces and named Ruth Chandler ta up.
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