Million Profits From Oil Stock Pool Revealed Before Senate
The Senate banking committee heard how a small group led by Arthur W. Cutten earned substantial profits in 1928 and 1929 from a giant oil stock pool without personal investment. They allegedly netted over 12 million dollars by handling nearly 2 million Consolidated Oil shares paid for from receipts, with New York Stock Exchange investigations ongoing. Raskob testified about a 1929 syndicate stock account involving Alfred E. Smith, intended to support County Trust shares after Riordan’s death to avert a bank run. Sinclair and Cutten described actions in the oil deal, including a $30 per share asking price.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Navy
Arthur W. Cutten
Senate Banking Committee
Ferdinand Pecora
Cutten
Consolidated Oil
New York Stock Exchange
Grain and Stock Exchange
Harry F. Sinclair
Sinclair
Kansas City
G. T. Stanford
Raskob
John J. Raskob
Democratic National
Alfred E. Smith
County Trust Company
James J. Riordan
Smith
Chase National Bank
Sinclair Oil
Jair & Co
Chase Securities Corporation
the Sherman Corporation
the Cutten Co. Ltd
Continental National Company
Death claims Mrs Coleman in Dothan Fayette County
Mrs Elitha Elizabeth Coleman 64 died yesterday at her son Charles N Coleman home in Dothan after a six month illness from a heart ailment. Survived by husband W N Coleman and children William J Coleman Hazel Taylor Frank J Coleman Chester M Coleman Charles Coleman. two children from a previous marriage Andrew Iman Minnie Vaselou. a brother Frank Jordan and sister Mandy Spencer. Funeral services tomorrow at 2 30 PM at the Coleman home conducted by Rev James H Roop. Burial Coleman cemetery under Tyree and Dew undertakers.
MENTIONED IN THIS ARTICLE
Elitha Elizabeth Coleman
Charles N. Coleman
Dothan
Fayette County
W. N. Coleman
William J. Coleman
Hazel Taylor
Big Chimney
W. Va
Frank J. Coleman
Chester M. Colean
Charles Coleman
Andrew Iman
Chaeston
Minnie Vaselou
Frank Jordan
Tuckers Creek
Mandy Spencer
Legg
W.va
Coleman
Afernoon
Ames H. Roop
Coleman Cemetery
Tyree and Dew
Uakill Undertakers
Troy Robertson Jailed In Theft At Bluff Mountain Farm
Troy Robertson, a local resident, was fined 15 dollars and costs and sentenced to 30 days in the county jail after confessing to stealing ten bushels of buckwheat from H. D. Thompson’s granary near Bluff Mountain last Tuesday night. He was arrested yesterday by Deputy Sheriff Fred Cole and Constable S. L. Dillon. A breaking and entering charge was expected to follow.
MENTIONED IN THIS ARTICLE
H. D. Thompson
Bluff Mountain
Troy Robertson
Squire John Anderson
Robertson
Fred Cole
S. L. Dillon
Legion Parade and Armistice Service in Beckley
The 40 and 8 Society leads Beckley’s Armistice fifteenth anniversary events with a parade at 8 pm from the Memorial building, marching over McCreery Heber Main Kanawha back to the Memorial building, featuring a Scarbro box-car locomotive. A wreck is planned, new members nicknamed Poor Goofs initiated, with dignitaries Stubblefield and Maloney attending. A remembrance ceremony is planned for 11 am tomorrow at the Memorial building.
MENTIONED IN THIS ARTICLE
Society of the American Legion
Beckley
Memorial Building
McCreery
Heber
Main
Kanawha
Scarbro
J. M. Stubblefield
Charleston
West Virginia
Hugh Maloney
Welch
Diphtheria Cases Rise Across Raleigh County
Five diphtheria and two scarlet fever cases reported to health director Dr. W W Hume across Raleigh County this week. One diphtheria death, 15 year old John Davidson, a taker junior high student, died after three days illness. Names of other ill include Teddy Byers Monroe Mitchell Elmer Hyde Fred Eddins and Randolph Blevins. Scarlet fever patients include Everett Treadway and Horace Banks Jr. A countywide campaign to protect children against diphtheria is planned.
MENTIONED IN THIS ARTICLE
Raleigh County
W. W. Hume
John Davidson
Tketon
Teddy Byers
Frank Byers
Monroe Mitchell
Ameagle
Elmer Hyde
John Hyde
Shumate
Fred Eddins
MecAlpin
Randolph Blevins
Price Hall
Everett Treadway
Nelson Treadway
Horace Banks
Horace Banks, Jr
East Park
Beckley
Hume
Temperature Drops as Raleigh County Hits 18 Degrees
King Winter chilled Raleigh County with a record 18 degree low overnight leaving a slim snow cover. L A Mauck notes temperatures over the past three mornings at 22, 24, and 18 degrees marking the cold spell and the water line dipping to its lowest in this cold snap.
MENTIONED IN THIS ARTICLE
King
Raleigh County
L.A. Mauck
White House plan to control liquor after repeal
President Roosevelt seeks firm federal control of liquor when prohibition ends December 5. He aims to keep taxes low to discourage bootlegging and bring the industry under the government program of production and distribution. A cabinet committee and experts are finalizing the plan, including relaxed import embargoes and liberal licensing for distillers to hold liquor in bond until sales are allowed.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Roosevelt
White House
Labor Leader Sees After-Repeal Liquor Controls
Washington nov 10 labor head William Green AFL president calls for post repeal laws to bar old time saloon access and limit purchases to amounts not leading to drunkenness or financial ruin. He predicts many workers will be scratched from unemployment rolls as liquor industry resumes. He urges license revocation as penalty for vendors who sell beyond limits.
MENTIONED IN THIS ARTICLE
Labor Federation
Green
Day Statute Remains Law in West Virginia
Charleston, Nov. 10. District Attorney David D. Ashworth said enforcement of national prohibition will continue unchanged in southern West Virginia until the eighteenth amendment is repealed. After repeal on December 5 prosecutions will shift to internal revenue laws targeting bootleggers, rum runners, and liquor manufacturers rather than petty local offenders.
MENTIONED IN THIS ARTICLE
Associated Press
Charleston
David D. Ashworth
West Virginia
Internal Revenue
Ashworth
Metals Lead Market Rise In Early Trading
Wall Street opened steady to higher with metals leading the advance. U S Smelting rose one and three fourths while U S Steel fell one eighth as overall trading stayed quiet.
MENTIONED IN THIS ARTICLE
Associated Press
Wall Street
U. S
Miner Dies In Coal Mine Explosion After Suicidal Act
Logan November 10 a coal miner named John Lorengo placed a stick of dynamite in his mouth and lit the fuse. He was killed instantly. No motive for the act is known.
MENTIONED IN THIS ARTICLE
Associated Press
Logan
John Lorengo
West Virginia Democrats push to oust Ashworth
Washington reports say West Virginia Democrats have intensified efforts to remove David D. Ashworth, U.S. attorney for the southern district. Ashworth, a 1932 appointee allied with Senator Hatfield, refused resignation, while a removal order was prepared but not sent to President Roosevelt.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
West Virginia
David D. Ashworth
United States
Ashworth
Hatfield
R. W. Va
Department of Justice
Department
George J. Neal
Neely
D. W. Va
Farley
Democratic National Committee
F. Witcher McCullough
Huntington
Public Works Administration
Herbert Fitzpatrick
Roosevelt
Kilgore to Rule on Cases Tuesday
Judge Harley M. Kilgore heard arguments on motions to set aside verdicts against Foster Lacy and Van Williams. He scheduled Tuesday November 14 to decide the motions and consider new evidence in Henry Smith case seeking a possible new trial.
MENTIONED IN THIS ARTICLE
Harley M. Kilgore
Tf Oster Lacy
van Williams
W. H. McGinnis
Henry Smith
Killarney
Kilgore
Smith
Big Results From Little Want Ads
The want ad page showcases quick market offers and buyer seller matches. Readers are urged to review items at home and place ads with the price wanted, noting frequent testimonials of successful sales and new offerings in today's pages.
Davidson lad dies after diphtheria illness
John Davidson 15 of Skelton died in a local hospital after a three day diphtheria illness. A Beckley Junior High ninth grader he was sick Tuesday noon and removed from home to hospital this morning. Survived by parents and siblings A B Reynolds Skelton Eleanor Davidson Skelton Robert Davidson Cranberry. Foster undertaking Mabscott in charge. Funeral arrangements pending.
MENTIONED IN THIS ARTICLE
John Davidson
Alex Davidson
Skelton
Beckley Junior High School
A. B. Reynolds
Eleanor Davidson
Robert Davidson
Cranberry
Foster Undertaking Company
Mabscott
French See War Menace At Secrecy In Germany
Paris deputies warned of a German war menace as they accused Berlin of secretly rearming. Alfred Margaine attacked the government for alienating America by stressing the gold standard against President Roosevelt. He said Germany works day and night to build an invisible army that could decide England’s fate in three weeks.
MENTIONED IN THIS ARTICLE
Associated Press
Paris
Chamber
Germany
Alfred Margaine
America
Roosevelt
England
Hitler Addresses German Populace Before Election
Chancellor Hitler spoke to German labor and the nation, defying foreign powers in a pre election address. He warned Germany will not meet others at the peace table unless equality is granted, insisting the country seeks only peace and to work out its own salvation.
MENTIONED IN THIS ARTICLE
Associated Press
Berlin
Navy
Hitler
Germany
Secretary To Kee Is Named On Legal Staff
Washington Nov 10 John R Murphy of Williamson West Virginia was appointed to the legal staff of the federal land bank at Baltimore He was recommended by Senator Neely and by Representative Kee of Bluefield West Virginia He will relinquish his present post.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
John R. Murphy
Williamson
W. Va
Kee
Bluefield
W Va
Federal Farm Land Bank
Baltimore
Murphy
Neely
D. W. Va
Government Road Funds Let For West Virginia Projects
The Public Works Administration allocated 5 114 500 dollars in loan and grant aid to West Virginia for road work the largest share of 81 738 100 across 37 non federal projects in 18 states creating about 97 455 man month of direct employment Also approved were 410 000 for a Kanawha river bridge at St Albans and 2 200 for a Rav enswood reservoir in West Virginia.
MENTIONED IN THIS ARTICLE
Washington
West Virginia
Public Works Administration
St. Albans
W. Va
Kanawha River
Ravenswood
West Virginia to get 5,500 jobs under PWA road project
Charleston reports a federal public works administration loan and grant totaling 85,114,500 will fund road construction in West Virginia for about 10 to 12 months, employing roughly 5,500 men. Officials expect nearly half the projects to start this winter with primary roads using about 4 million from state bonds and the rest as an outright federal grant for secondary roads. Construction bids may be invited in early December.
MENTIONED IN THIS ARTICLE
Associated Press
Charleston
Federal Public Works Administration
West Virginia
Road Commission
Bailey
Plane crash near Portland kills four in fog
Four people die and five are seriously injured when a southbound United Air Lines passenger plane crashes into wooded hills near Portland Oregon in dense fog. A 20-year-old stewardess and a co-pilot save others as the plane bursts into flames. The dead include Dr. Robert C. Coffey, Portland head of a local clinic and renowned surgeon.
MENTIONED IN THIS ARTICLE
Associated Press
Portland
Oregon
United Air Lines
Here
Robert C. Coffey
Progress Reported In Russian Parleys
Washington officials said progress was made in American Soviet talks as President Roosevelt and Maxim Litvinoff exchanged views. They emphasized substantial work remains before any definite agreement. Roosevelt acts as a clearing house on outstanding issues from 16 years of non relations and will meet Litvinoff in person as needed.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Roosevelt
Maxim Litvinoff
Sitvinoff
Armistice Day siren to recall moment of peace
Retail merchants voted to close their stores from 10 45 to 12 00 tomorrow in celebration of Armistice Day. The city will sound a great fire siren at the closing hour. At Wildwood cemetery the American Legion will stage a program directed by the 40 and 8 club.
MENTIONED IN THIS ARTICLE
Wildwood Cemetery
American Legion
Police Halt Kidnap Ring Activities in Chicago and Midwest
Authorities in Chicago and other cities moved against kidnap gangs claiming extortion of over $500,000 from about a score of victims. In San Jose California Brooke Hart 22 missing after leaving his father store. In St Paul Minnesota federal judge moved swiftly to select a jury for the trial of Roger Touhy and three others for the 1000000 Hamm kidnap. Chicago arrests named Frank Souder Gale Swelley and Julian Jones as gang leaders targeting wealthy gamblers liquor dealers and others unable to get police aid.
MENTIONED IN THIS ARTICLE
Associated Press
San Jose
Cal
Brooke Hart
St. Paul
Minn
Roger Touhy
Chicago
William Hamm, Jr
Government posts open for several civil service jobs
Open competitive exams announced by S. B. Andrews of the United States Civil Service Board. Positions include Assistant psychologist at 2600 to 83100 a year at Leavenworth, Senior agricultural economist at 4600, Associate 3200, and other economist and inspector roles. Salaries reduced by 15 percent as economy measure. full details from Mr. Andrews at the post office.
MENTIONED IN THIS ARTICLE
S. B. Andrews
United States Civil Service Board of Examiners
Public Health Service
United States Penitentiary
Leavenworth
Kansas
Agricultural Adjustment Administration
Bureau of Agricultural Economics
Junio
Andrews
Stephenson appeals life sentence in Logan murder case
Charleston Nov 10 Arguments on appeal of Harry Stephenson a Logan County negro from a life term for the slaying of Mrs Minnie Thurman wife of a Logan policeman were submitted to the state supreme court today.
MENTIONED IN THIS ARTICLE
Hennepin County
Minnesota
Kathyleen Rasmussen
Minneapolis
Elizabeth Owens
Associated Press
Charleston
Harry Stephenson
Logan
Minnie Thurman
Supreme Court
Museum Gives Gray Smocks to Poorer Visitors
Directors of the Barcelona Museum of Modern Art purchase numerous gray smocks and hand one to each tattered sightseer at the entrance to make poorer visitors feel less conspicuous.
MENTIONED IN THIS ARTICLE
Barcelona
Barcelona Museum of Modern Art
Rebels Surrender After Bloodiest Cuban Siege
Rebels in Havana capitulated after a brutal bombardment of Azares fortress. Loyal Colonel Batista’s troops entered the fortress as rebels laid down white flags, ending a two day struggle that left about 150 dead or wounded and raised questions of foreign intervention.
MENTIONED IN THIS ARTICLE
Presa
Havana
Batista
Manuel de Cespedes
Ponster
Associated Press
Azares
Gran San Martin
Fugencio Batista
Patria
Cuba
Quits
Wisconsin Farmers to vote on continued strike
Madison Wis Nov 10 Wise consin farm strike leaders facing opposition from authorities and anti strike leagues will submit to followers Monday night the question of whether the strike shall be continued in this State Arnold Gilberts president of the Wisconsin unit of the Farmers Holiday Association and Walter M Singler president of the Wisconsin Milk Pool will ask their organizations for a vote of confidence At meetings in county courthouses farmers will vote whether to continue the strike and to pledge support of recall proceedings against public officials who opposed the strike
MENTIONED IN THIS ARTICLE
Associated Press
Madison
Wis
Wise Consin
Mid-West
Arnold Gilberts
Wisconsin
Farmers Holiday Association
Walter M. Singler
Wisconsin Milk Pool
Also Mentioned on This Page
Pecora
Death
Mrs. Coleman
Legion
Cabinet Office
William Green
U.S
East
Stephenson
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