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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jul 25, 1933
Page
3
The Muscatine Journal and News-Tribune details origins and consolidation dates from 1848 to 1918. It notes the Journal and News-Tribune mergers and provides old telephone exchange numbers for Iowa offices.
The article analyzes a severe frost on stock and grain markets and the resulting speculative fever. It argues that public optimism under Roosevelt masked fundamental economic issues and calls for continued recovery measures despite political criticism.
Henry Ford declares the country has completed a turn-around and now moves forward praising progress while hoping forward speed matches earlier reverse pace.
The article notes a boost from Hugh S Johnson’s plan to accelerate recovery, contrasting grain and stock market swings with public belief in factors beyond supply and demand. It warns that this could ease acceptance of stricter regulation and control, while the public remains hopeful for improvement.
Al Smith addressed about 4,000 New York City school children sharing tips to keep sidewalks clean, drawing on his fame with The Sidewalks of New York and his public safety stance.
Al Jolson slugged Walter Winchell in a public altercation prompting sensational post fight remarks. Winchell praised the attention claiming it would draw readers as Jolson’s punch drew headlines and crowds, though Jolson’s motive is debated.
Explains yesterdays cartoon about Paramaribo's transfer through the Breda treaty of 1667. Holland kept Paramaribo after exchanging New Amsterdam to England. Mentions long term gains for the Dutch and loss for England with Amsterdam evolving over time. Future feature teased as The Strangest Brother.
The piece surveys FDR’s New Deal pressures as 1933 policy code uses wartime psychology to drive industry, urging public support for NRA doctrines. It notes riots of liquor revenue talks tied to the 18th amendment and previews political maneuvering by Huey Long in shifting votes. It profiles Laurence Wilder’s Gulf Industries bid for a $35 million RFC loan to revive Pensacola shipyard and hints at possible foreign contracts, with echoes of past ship subsidies and media spin. Harold Gatty’s aviation renown is referenced as context.
A Australian born resident living in Washington assists the army air service with new gadgetry after naturalization. He favors motor cruising and anchoring a small cabin cruiser on the Potomac but faces a law banning boat ownership over 20 feet for aliens. Fort Myer records reveal a rare $2 bill dated 1819 found in old post records.
A McClure Syndicate analysis recalls a shift after officials suggested higher margins on alcohol stocks, triggering a selloff and panic. It notes blame on banks, calls for stricter exchange control, and hints at possible congressional action as Wall Street eyes stricter self discipline.
Fifty years ago the Muscatine bar press and local officials met to plan a joint picnic and the Excelsior Hose company sought a city tower for hose washing. Twenty five years ago London hosted the 1908 Olympic games and M L Daggy spoke at the Muscatine chautauqua. Ten years ago the United Light and Power planned a 1 million dollar bond issue and Babe Ruth tied Cy Williams in home runs at 23 each.
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