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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jul 20, 1933
Page
3
The Tribune notes historic mergers of The Daily Journal and News Tribune and announces subscriber terms. It lists mail rates, zones, and advance payment requirements and provides Muscatine Iowa postal details and phone numbers.
A city observer notes hopeful auto retailers anticipate the federal recovery act and a forthcoming industry code. They expect standard trade-in valuations to curb price cutting and mispricing while foreseeing stricter fair competition and broader markets for used and new cars.
A clipped interview discusses distributor profits, dealer earnings, and a shift toward restricted production and fair margins. It contrasts dealer gains with manufacturer income, arguing a new system could end excess profits and create long term stability for workers and families.
Illinois passes a new alimony statute granting judges power to order wives to pay alimony in certain divorce cases. The measure, labeled by some as an alimony racket, aims to equalize financial burdens between partners amid widespread hardship and pride considerations. The first judge has already exercised the directive, signaling a shift toward greater parity in support obligations.
The Wisconsin experiment involves Governor Morgenthau and the farm credit administration releasing deposits from 523 banks via a government purchase of 50 million dollars in farm mortgages. It aims to reopen 535 banks, refinance about 50 million in mortgages, and cut farmer debt by about 30 percent while reducing mortgage principal and interest.
The clipper ship James Baines built by Donald McKay for Australian trade logged 21 knots on June 17 1856 with main skysail set claiming the highest speed by any sailing vessel. Smetana the deafBohemian composer continued creating operas after losing hearing. Tomorrow the father of craps.
A January return to Congress could unveil Rexford Tugwell’s food and drug bill expanding false advertising restrictions to medicines cosmetics and tonics. It would criminalize claims to cure or relieve ailments and target cosmetic promises of antiwrinkle products and youth miracles.
Industrialists push company unions while AF L and bosses gear for a heated showdown. Confidential reports suggest walking delegates face center stage as talks with workers deepen under industrial recovery codes. A lobbyist recalls a rough transition from public service to private influence amid sugar marketing policy tensions.
A cut of items from McClure Syndicate notes speculators exiting markets amid tax fears and rumors of profits, while Lehman Brothers profits from a Schenley Distilleries issue. Douglas may be Treasury secretary, banks discuss a new NY bank, postmasters shift to civil service, and mortgage legalities loom over gold clause repeal.
Fifty years ago contracts were let for the Muscatine island levee with Jacob Eberling hired for major work. Judge Robert Williams, city recorder, had funeral services attended by many. Twenty five years ago the Y M C A pool opened and Muscatine men spoke. fire companies favored Clinton tournament and General John C. Black was bound for chautauqua. Ten years ago Pancho Villa was reported shot. Edward F. Cadle died in Los Angeles. a male chorus planned for a union meeting at the chautauqua tent.
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