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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 29, 1938
Page
3
Los Angeles officers question a kidnapping claim after Marie Pierce, 41, vanished June 17 and was seen in Santa Barbara June 19. Two ransom notes demanded $1000, but detectives call the case a likely crank bid and note she has vanished before.
Letter from Elyria reader criticizes New Deal programs and financing. It cites large government gifts to Congress, mortgage debt, housing projects in Detroit, taxes on industry and workers, and calls for honest Republicans such as Fitzgerald, Van den Berg, Taft, Bricker, and Rogers.
Thirty four boys and twenty four girls completed YMCA summer swimming tests this week at the association office. James Simpson led with the bass test, while others earned perch minnow turtle and minnow test progress across both boys and girls groups.
Legislative leaders in Columbus reached a tentative basis for a new relief program to break the two‑house deadlock. The accord covers tax extender borrowing limits from 70 to 80 percent, authorizes prepaying beer and liquor permit fees, unclaimed dividends use, and bonded financing for federal aid works with key House and Senate actions pending.
Nine Elyria boys left this morning for Camp Iss See Kes on the Vermilion River for an overnight bicycle hike as part of the Y M C A summer program. The riders are Carl Gleason A Henry Miller Richard Hayes William Smith Robert Ohlmacher Claire Anderson James Rosselot Robert Rosselot and Jack Slack. They will return tomorrow. Oil will be extracted from sharks and canned for sale in a factory being built in Argyllshire Scotland.
Akron Ohio June 30 police detained 20 year old Betty McAndrews and 22 year old guitarist Joseph Scardino aka Joe Martin as they planned a marriage. Betty's mother Mrs Mary McAndrews came from Pittsburgh to console her daughter and assure the groom. Scardino's sister Shirley who sings in Rays Herbecks orchestra had tipped Denver of the plans prompting the stop. Both detained as suspicious persons on bonds of 1000 dollars each while Scardino's Denver bound parents were en route.
New York June 30 stocks surged to yearly highs in the heaviest session since October then eased on profit taking. Steel and motors showed relative strength while rails utilities and oils mixed. Notable moves included Bethlehem Steel near 60, U S Steel at 57 5 8, Chrysler 60 5 8, New York Central 16 1 4 and Coca Cola at 139 1 2 with Consolidated Edison 27 5 8 and Eastman 174 up.
Four men depart England to the Farne Islands to guard rare birds and their eggs for a four month period, under orders to protect the nesting sites and prevent egg theft.
Washington reports the federal government closes its fiscal year with a deficit near 1.45 billion dollars, the smallest in New Deal history. Income for the year around 6.25 billion dollars, expenditures under 8 billion, and the public debt about 37.12 billion.
The 1938 fiscal year saw a $250 million relief appropriation outside the January budget. Treasury actions included desterilization of $1.392 billion in inactive gold, a major financial move. Through June 27, government recovery and relief outlays totaled $2.145 billion, down from $3.047 billion a year earlier.
Bulletin from London reports that Great Britain and the United States have decided to invoke the escalator clause. Details remain forthcoming as officials confirm the move amid ongoing postwar negotiations.
Britain and France announce use of the 1936 London Naval Treaty escalator clause to exceed warship tonnage limits citing reports of Japan building giant battleships. Alfred Duff Cooper as first Lord of the Admiralty will announce the decision in the House of Commons effective July 1. A separate report notes V Ilchenko flying a multi seater glider over 340 miles landing near Muchkap, Russia.
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