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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jan 16, 1933
Page
3
The Muscatine Journal and News-Tribune is published by Journal Printing Co. It lists staff roles including Clyje R Paredeaux as publisher and D D Mich as managing editor. It notes AP and Lee Syndicate affiliations and describes subscription rates and delivery, with mail and zone options.
A Muscatine editorial warns of a financial crisis comparable to Davenport and Iowa City as two banks suspend operations for a three week holiday. Depositors must decide on a plan amid potential federal liquidation, while a separate commentary critiques a bill on Philippine independence as one sided and risky for Filipinos.
President Hoover faces opposition as Congress debates Philippine independence. The House overrode his veto on the measure, while the Senate is blocked by Huey Long’s filibuster of the Glass banking bill, delaying action on the veto.
A light-hearted item notes husbands who ignored their wives requests for no gifts are now talking again as the holiday tensions ease. The piece reflects a domestic humor tone from a period newspaper.
Dr. H Parker Willis of Columbia University reports currency inflation has not driven farm prices higher in England and Romania. England kept prices stable with a minimal index rise while Romania returned to barter as currency faded. Roosevelt seeks cautious expert input before any inflation policy.
England shows stronger Christmas shopping with London sales higher than last year and parols in post offices up 15 percent. Steel iron and electric current picked up since September, gasoline use four percent higher, and charitable giving praised. The piece contrasts British and American responses to the season.
The column analyzes budget balancing as a partisan display with Republicans handling bookkeeping and Democrats bearing fiscal responsibility. It notes limited action before March 4 and predicts shifts after, with emphasis on publicity, credit confidence, and looming tax debates affecting sales tax prospects in states like Michigan and Kentucky.
The article reports no definite name but notes Roosevelt aims to pick a key cabinet figure from the west or south, with Tammany expected to be affected. It discusses treasury financing, noting a premium on new bills and signs of tighter budget conditions in 1933 and 1932, plus anticipated increased financing and Reserve actions.
Banking and credit trends show total loans and investments 380 million above July lows with New York district leading gain. Outside New York credit shrank 372 million since July. Utilities face mixed sentiment as new bond issues pause for better market, while some executives cede power to directors. Receivables hinge on farm machinery financing with repossession risk eased by discounting. Also notes Alfred E. Smith Jr. for city court, Hitler’s Germany turmoil, European bestseller with phonograph, and a quotes roundup from Gildersleeve and others.
Fifty years ago Miss Matilda Fletcher lectured at Music hall. A. H. Demorest opened a circulating library. Twenty five years ago Harold Morgan became Auroran Literary Society editor with Will Randall as manager. Harold Hackett moved to Bay City YMC A as physical director. J E Stevenson named Muscatine Woodmen commander. A J Neidig chosen banker. Ten years ago Minneapolis Globe Trotters beat Muscatine Elks 20 to 18. Fred Leu Sr. celebrated golden anniversary. Muscatine high school beat Columbus Junction 24 to 19. Mark led the Muskies.
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