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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 27, 1933
Page
3
The Journal dating from 1840 and The Tribune from 1848 later joined The News and Tribune in 1887 and the Journal and News Tribune consolidated on September 2 1918 creating a unified regional paper.
Professor Raymond Moley, head of President Roosevelt's brain trust, argues the federal recovery act aims to wage a government war against rackets by addressing underlying causes rather than merely jailing leaders. He cites economic disruption, competition limits, and broad industries like trucking, poultry shipping, cleaning, and the building trades as hotspots.
The piece explains the government’s plan to use a recovery act to legally counter racketeering, weaken anti trust constraints, and form trade agreements to raise wages and consumer buying power without price gouging. It notes success could reduce rackets by removing their chief motive.
Nature’s crop destruction and speculative buying lift May wheat above the dollar mark on the Chicago board on an uptrend across grains. Analysts expect a future rally though farmers may not share the gains soon. hog prices joining the surge could spread gains to Iowa and nearby states.
Army cadets defeated Harvard students in a higher mathematics contest. The remark suggests the war department might now instruct the treasury on collecting an income tax from Mr. Morgan.
The Boston Transcript argues against transferring river and harbor and flood control work from the army engineers to the interior department. It cites decades of $2.0 billion spent by army engineers on public works, including $60 million in New England, and claims the corps saved $2.0 billion by rejecting unworthy projects. The piece insists the army engineer name stands for honesty and efficiency and warns politicians seek the change for political gain.
The piece discusses government leverage over industry through codes and public hearings, naming Sloan Swope and Teagle to build purchasing power. It notes Baruch Morgan and Kuhn Loeb as actors shaping opinion, with aims to place Morgans as leading national bankers.
National swirl on repeal gathers steam as President Roosevelt could speak at the Atlantic City Shrine convention on July 10 about repealing the 18th amendment. Alabama Arkansas Tennessee voting soon and dry Iowa Indiana already wet set up a final push with Atlantic City as a stage.
A look at figures around Moley and Arthur Mullen Jr. Art’s size and shoe must be custom made. Col Louis Howe’s radio talks improve as he tailors messages to audience demand. Also notes rising passive resistance in American business amid evolving industrial control signals.
A Wisconsin sociologist compares the university to a mating mill and reflects on campus life and student relations. A White House visit features Rev Johnson and Dr Dodd noting public support gaps. Feng Yushan is quoted declaring opposition to any terms with Japan.
Fifty years ago public exam at Sisters School Muscatine by Father Laurent and J J Russell. Bids opened for Second Street bridge construction. no action taken. Twenty five years ago 28 graduates received diplomas from Van Atta and Ellers Commercial College. Muscatine baseball lost to Sterling 8 3. Nance pitched for Muskies. Louise Maisenbach re elected vice president of American Patriots of Eastern Iowa Picnic Association at Weed Park. Ten years ago Muscatine council and power plant committee met on a 375000 project. mayor urged progress. Emil Webbles opened at First National Iowa State Savings Bank. Charles Fox commented on local jobs.
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