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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jul 08, 1933
Page
3
The Muscatine Journal and News Tribune merged in 1918 and is published by Journal Printing Co. Advertising reps span Chicago to San Francisco. Daily mail subscriptions vary by zone. inside 1st and 2nd zones four dollars ninety cents yearly, outside six dollars yearly.
The article portrays Jimmy Mattern planning to complete his around-the-world journey despite prior danger reports. It casts him as a bold aviation pioneer akin to historic explorers, noting pilots’ risks, progress, and their debt to modern civilization.
The article argues the president could publicly disclose income tax returns under new legislation. It cites disclosures about firms like J. P. Morgan and Kuhn Loeb and financier Charles E. Mitchell, noting past evasions and Senate hearings. It contends public access would end private tax privacy debates.
In the major league clash billed as the game of the century at Chicago on Thursday Babe Ruth again faded with two misplayed fly balls yet proved his value by driving in the American League’s winning runs with a home run.
The 49,000 fans at the game witnessed Babe Ruth’s daring play and Chicago’s showcase as the “money player” drew strong praise. The event, sponsored by the Chicago Tribune, raised about 45 000 dollars for down and out old timers and their families and boosted interest in baseball. Some lament watching from Muscatine via proxy.
Essay discussion in the Journal of the American Bankers Association weighs a proposed public safety committee for investment banks. Prof. Berle advocates scrutiny of issues while a Massachusetts banker cites difficulties in judging many securities. The piece stresses that the government must ensure proper issuance, sound assets, and full disclosure to investors.
The piece argues for restrained profits and safer dividends, urging labor-focused reform to curb excess competition. It discusses railroads, industrial corporations, and wage policies, noting Russia and the NIRA textile code as examples of shifting economic controls. It highlights new trade aims and open markets as part of the reform.
The page describes yesterday's cartoon about Menelik II and his secret script. It also discusses the Bolange maiden rite in Bechuanaland involving whitewashing of the face and wicker armor. It mentions Primo Carnera being 9,500 feet tall as a Monday item.
The War Department touts the CCC record with pride noting Rob ert Fechner says the Roosevelt program was carried out faithfully. Over 274000 youths enrolled and more than 250000 work in 1300 camps nationwide, surpassing early World War I mobilization. The achievement is described as efficient and prompt.
The article reports discussions that President Roosevelt might assemble a high level advisory board including Herbert Hoover, Barney Baruch, and Eugene Meyer to guide policy and provide bipartisan critique. Baruch is already involved, and Meyer could join if Hoover is enticed.
New York report notes a candidate undecided on sides he favors and a tie that could aid Baruch in persuading Hoover to advise Roosevelt. Treasury clerks uncover phony quarters in pay, a case that may confound secret service and bank scrutiny. Ickes welcomes Roosevelt back, both avid stamp collectors. Roosevelt favors Americana. Prospects for cooperative established businesses under the new deal are discussed as the program unfolds.
Ten years ago today a second public auction of the Muscatine Burlington and Southern railroad was held in Muscatine but yielded no bids. The Muscatine Rifle Club beat Iowa City 887 to 772 at Lone Run range. Henry Hingst of Grandview drowned while swimming alone in the Mississippi near Port Louisa.
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