Morgan firm tied to European operation in inquiry
Washington wired report details a Senate probe into J. P. Morgan Company shifts into European operations linked to a New York firm. Senator Reynolds questions George Whitney about 1929 stock allotments to Morgan partners and Morgan Et Cie in Paris. Whitney describes a 1930s panic pool with Morgan partners, New York banks, and Guggenheims aiding liquidity, noting profits and interest allocations.
MENTIONED IN THIS ARTICLE
Washington
J. Fk. Morgan Company
Sdea
New York
Reynolds
Carolina
Roy
George Itney
United Corporal
Torgan, Grenfell and Company
London
Whitney
Morgan Et Cie
Paris
Morgan and
Spany
Lowand Paris
United Corporal Securities
United
Tes
Lon
Era
Srene
Hhe Morgan Partners
York
Genheim Brothers
Guggenheims
Mor and Company probe halted by witness objection
Washington report notes a courtroom disruption in the J. P. Mor and Company investigation as John W. Lamont objects to questions about Thomas Sont Morgan partner. Davis, Mor counsel, complains of disorder before Lamont can answer about personal stock options and Dec 30 sales.
MENTIONED IN THIS ARTICLE
Washington
Ate
J. P. Morand Company
John W
Ferdinand Pe‘sg
Thomas Sont
Morgan
Davis
Lamont
Ques
Mas W. Lamont
Ecora
Iger Lamont
The Weather Forecast For Central And East Areas
Fair and warmer conditions extend to central and east regions through Saturday. Expect mostly cloudy skies with local showers and possibly afternoon or evening thunderstorms. Cooler air moves in from the north.
White House visit after shooting leaves Newark woman
One of five wounded by Giuseppe Zangara in Miami last February, Miss Margaret Crews of Newark New Jersey visits the White House. President Roosevelt congratulates her on recovery. The Chicago mayor Anton Cermak died from wounds inflicted by the same attack intended for Roosevelt.
MENTIONED IN THIS ARTICLE
Guiseppe Zangara
Miami
Alargaret Crews
Newark
N. J
White House
Roosevelt
Chicago
Anton Cermak
Morgan loans list reveals officers repaid loans to Morgan
A Senate Morgan investigation release shows officers and directors who received personal loans from J P Morgan and Company and Drexel and Company. Named are Leo W Marland poet of Oklahoma, K J Olds, Gallard L Winston, Arthur Woods, W R Seigle, Paul W Fleischmann, L F Loree, Andrew J Maloney. Most loans have been repaid, with no amounts disclosed.
MENTIONED IN THIS ARTICLE
Washington
J. P. Morgan and Company
Senate Morgan
Leo W. Marland
Powen City
Okla
K. J. Olds
Reo Motor Car Company
Gallfard
Winston
National City Company
New York
Treasury
Arthur Woods
Binkhers Trust Company
Drexel and Company
Morgan Philadelphia
Marland Boar
Morgan
W. R. Seigle
Johns-Manville Corporation
Paul W. Fleischmann
Fleischman Company
L. F Loree
Andrew J. Maloney
Philadelphia & Reading Company and Iron Corporation
Miners Return To Jobs In Central Ohio Fields
Miners resume work across Crooksville, Hocking and Pomeroy coal regions with 5000 expected back by Monday. Big mines face delays due to shaft preparations after a two week idle period since a May 17 wage truce end. Work resumes under a Columbus conference agreement for a wage scale to be set by a board of arbitration. The Congo mine of Buckingham Coal Co in Perry county led the reopenings yesterday.
MENTIONED IN THIS ARTICLE
Corning. O
Crooksville
Hocking
Pomeroy
Columbus
Congo
Buckingham Coal Company
Perry County
Requafacing of Lake Ave Beginnings
The resurfacing of Lake Avenue from the city limits to West Bridge Street is underway by the Ohio Engineering Company. The $14,000 project is funded 50 percent by the state, 20 percent by the county, and 25 percent by the city, with delays blamed on county funds tied up in unlicensed banks. Negotiations for Cleveland Street improvement, let last fall under a similar state county city plan, may start soon.
MENTIONED IN THIS ARTICLE
Lake Avenue
West Bridge Street
Ohio Engineering Company
State Highway Department
Cleveland Street
Trust banking reform bill up for Ohio House review
The measure by Richard S. Douglas of Cleveland seeks to protect trust deposits during bank crises by requiring disclosure of funds held by trust departments and giving priority to trust deposits if a bank closes. It would add bi monthly reporting of fiduciary funds and amend the Ohio statutes to secure trust payments.
MENTIONED IN THIS ARTICLE
Columbus
Lo Je
House of Representatives
Richard S. Douglas
Cleveland
Cleveland Trust Company
Ohio
Trust Department
Douglas
Wagner Bill Approved for National Employment Service
The Senate accepted the House version of the Wagner Bill creating a nationwide employment service run by the federal government in cooperation with states. After signing by Vice President Garner and Speaker Rainey, the bill moves to the White House for final action.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Garner
Rainey
White House
Plan To Lift Restrictions Plan To Lift Restrictions
Chicago June 2 A bulletin says the National Convention of Insurance Commissioners will authorize a broad lifting of restrictions on life insurance policy loans and cash surrender values this afternoon. The action would affect policyholders and insurers nationwide and is reported exclusively by United Press.
MENTIONED IN THIS ARTICLE
Chicago
National Convention of Insurance Commissioners
United Press
Pecora And Glass Bury Hatchet In Senate Quizzing Scene
Senator Carter Glass of Virginia and committee counsel Ferdinand Pecora shake hands during a recess. After frequent bickering during the Pierpont Morgan hearings Pecora outlines his attack method and the two publicly bury the hatchet, ending their public quarrel.
MENTIONED IN THIS ARTICLE
Carter Glass
Virginia
Senate Banking and Currency Committee
Ferdinand Pecora
J. Pierpont Morgan
Pecora
Britain Warns World Economic Conference Must Produce Results
In the House of Commons Neville Chamberlain warned the world economic conference must deliver results or Britain will wage unflinching economic warfare against rival nations. He said policy changes are needed and that Britain will act if others refuse reparations. Chamberlain rejected committing to a war debt policy amid opposition pressure.
MENTIONED IN THIS ARTICLE
London
Great Britain
World Economic Conference
Neville Chamberlain
House of Commons
Britain
Labor Party
Chamberlain
Elyrian Caved Rum Death
Alfred Otto of 329 Clark Street survived a monoxide poisoning after being found in his garage. He received a heart stimulant and was rushed to the hospital where methylene blue and an oxygen tent were used, marking the first such treatment since December. His condition improved but remained serious.
MENTIONED IN THIS ARTICLE
Alfred Otto
Clark Street
J. ©. Geiger
Los Angeles
Otto
General Motors Increases Wages Nationwide
DETROIT June 2 The General Motors Corporation announced a five per cent wage increase for its employees. The move will affect about 100,000 automobile workers across the United States by week’s end, with roughly 50,000 employed in Michigan. Four divisions announced the increment late yesterday and others were expected to follow today and tomorrow.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corporation
United States
Michigan
County seeks legal OK for funds from unlicensed banks
County officials aim to free part of 1.4 million deposited in eight unlicensed banks by paper distribution to 61 sub divisions to cover pressing obligations. State Banking Department's T. O. McEldowney will study legality and report to commissioners and local bankers at Monday meeting.
MENTIONED IN THIS ARTICLE
State Banking Department
T. O. McEldowney
McJeldowney
Credi
Eise
McEldowney
House Fails To Take Up Employment Bill
Columbus Ohio June 2 The House adjourned before 1 pm today without taking up the Keifer unemployment insurance bill The bill will come up for passage Monday or Tuesday of next week The session resumes next Monday evening
MENTIONED IN THIS ARTICLE
Columbus C
House of Representatives
Amherst Case Before Ohio Supreme Court on Amherst Referendum
The Ohio Supreme Court heard arguments on whether Amherst Ohio must certify a referendum petition for a vote on a municipal light plant ordinance. Issues include whether the ordinance is subject to referendum and if the petition has sufficient signatures after many withdrew. A June election deadline hinges on the ruling, with Nicholl seeking mandamus and a decision expected promptly.
MENTIONED IN THIS ARTICLE
Columbus
Ohio Supreme Court
Amherst
Ohio
Allison E. Nicholl
Charles E. Miller
County Board of Elections
Miller
H. H. Hoppe
Nicholl Miller
Harold H. Burton
Gleveland
Moller
Board of Elections
Nicholl
Protests Rally Over Veterans Compensation Cuts
In Washington on June 2 protests surged as the Senate prepared to vote on liberalizing veterans compensation cuts. Senator Johnson of California reported over 60,000 letters from northern California veterans. Senator Trammell's amendment would cap reductions at 15 percent, a move opposed by administration officials amid a $490 million independent offices bill. Roosevelt ordered a restudy to adjust the cuts for those disabled by war service.
MENTIONED IN THIS ARTICLE
Washington
Senate
Johnson
Ken
Calif
California
Trammell
Dem
Lla
Independent Offices
Roosevelt
Clinic for Cripples Serves Twenty Two Children
Twenty two crippled children from 13 Northern Ohio cities gathered at Gates Hospital for Crippled Children for the semi monthly crippled children's clinic. Seven were new cases, 15 had prior treatment. Examinations were conducted by Dr H Heyman of Cleveland and Dr F A Lawrence of Elyria. Participating towns included Elyria Wellington Columbia Station Lorain Lodi Spencer Shelby Crestline Toronto Mansfield Painesville Hayesville and Seville.
MENTIONED IN THIS ARTICLE
Ohio
Gates Hospital
H. Heyman
Cleveland
F. A. Lawrence
Elyria
Wellington
Columbia Station
Lorain
Lodi
Spencer
Shelby
Crestline
Toronto
Mansfield
Painesville
Hayesville
Seville
Hawks Set to Break Air Record in New York Flight
Lt Condr Frank Hawks took off from Municipal Airport at 8.51 am in a plane guided by a mechanical robot. He aimed for a nonstop flight to New York to set a new speed record, planning no stops along the way.
MENTIONED IN THIS ARTICLE
Los Angeles
Condr
Frank Hawks
Municipal Airport
New York
New Peaks Hit As Public Reenters Stock Market
June 2 1933 crowds return to trading as profits lure more investors into the stock market. New York brokers report widespread activity with odd-lot orders under 100 shares and large orders from both the public and big operators, signaling broad market appeal.
MENTIONED IN THIS ARTICLE
New York
Building Permits Show Sharp Increase
Building inspector L. P. Kaiser reports a near doubling in May permits over April with 15 building permits 37 electrical permits three plumbing permits and one sign permit issued. Fees totaled 71.90 and the estimated value of improvements reached 5000.
MENTIONED IN THIS ARTICLE
L. P. Kaiser
Kaiser
Barn Fire Destroys Barn and Hay at Putt Farm
A fire of undetermined origin destroyed a barn, wagon shed, two hogs, and 25 tons of hay on the property of Mrs. Richard Putt at East River road in Columbia Township. Firemen from Olmstead and Columbia Township saved the house, where the Putt family had recently rebuilt after past losses. the Civil War veteran husband died about a year ago.
MENTIONED IN THIS ARTICLE
Richard Putt
East River Road
Columbia Township
Olmstep
Putt
Seeks Change In Recovery Bill Seeks Change In Recovery Bill
Washington June 2 Chairman Harrison of the Senate Finance Committee called for a complete revision of the revenue provisions of the industrial recovery public works bill as passed by the House He proposed replacing increased income taxes with a capital stock tax and cutting the extra gasoline tax from three quarters of a cent to one half cent The revised program would raise about 7 billion dollars more than the needed annual revenue to finance the 3.3 billion dollar public works program.
MENTIONED IN THIS ARTICLE
Washington
Harrison
Senate Finance Committee
House
Fugitives fire bullets at truck near Siloam Springs
Three Kansas convicts who mutinied escaped from the Kansas State prison fired on a speeding truck near Siloam Springs Arkansas. The gunfire failed to stop the vehicle as deputies and nearby sheriffs, including in Delaware Oklahoma, closed in around Ozark Hills where the fugitives hid among caves and timber.
MENTIONED IN THIS ARTICLE
Siloam Springs
Ark
U.P
Lewis Betchel
Kansas State
Dripping Springs
Floyd Glenn
Delaware County
Okla
Betchel
Miami
Kansas State Prison
Cleveland Beaty
Jean Moyer
Joe Moore
Delaware
Adair
Saquoyah
Cherokee
Mayes
Oklahoma
Benton
Washington
Arkansas
Escaped convict gang roams tri state after Memorial Day breakout
Eleven fugitives from Kansas State Penitentiary fled Lansing on Memorial Day and escalated crime across the region. Bank robbery, murder, abduction, and petty theft were reported as the desperadoes left fresh retreats in the mountains. Sheriff John York said five mutineers were identified, with updates continuing on page 2.
MENTIONED IN THIS ARTICLE
Miami
Okla
Kansas State Penitentiary
Tri-States
Lansing
John York
Craig County
Also Mentioned on This Page
Nouiry Tureg
Morgan Co
Fletcher
Morgan Pools
Mor
Cellanese Corporation
Proctor and Gamble No
Mio Oojegto
Morgan C
Margaret Crews
Ourruwerg
Morgan GO
Lake Ave
Employment Service Bill
Bulletin
Elyrian
General Motors
Ecouwney
Udy
Bill
OHI Pon
Hawks
Celeste Jedel
Raymond Moley
Jay, Okla
Carl Curtis
Ozark Hills
Kansas
Chronicle Telegram
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