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This newspaper page contains 15 articles. Subscribers can read the full text of each article.
Newspaper
The Diller Record
Location
Diller, Nebraska, United States of America
Date
May 20, 1932
Page
4
The article argues for controlled currency expansion to revive business while warning against hoarding by banks and the rich. It claims improper use would harm the general public, urging funds to flow to legitimate commerce rather than private financiers, amid public distrust of Wall Street.
A letter laments the upcoming Republican and Democratic national conventions in Chicago in June. It accuses Congress and its aides of inaction and predicts only an empty House and Senate after the events, with business interests afraid to act while time is wasted.
The speaker rails against congressional funding for Gener-Dawes era corporations and asks where the promised reconstruction work and revived prosperity have disappeared. He questions whether the money spurred a lasting recovery or another economic bubble about to burst.
The text suggests two notes on economy. It warns that Congress may balance the budget or delay action while debating. It implies conditions could improve only after prolonged talks and potential gridlock.
Norton reports President Hoover urges prompt passage of revenue measures and a sweeping economy program to balance the budget. Senate and House leaders debate responsibility for delay while a special subcommittee works with the House Economy Committee to push the economy bill. Deficit climbs toward 2.5 billion as relief and old age plans surface. Senator Robinson proposes bonds for unemployment relief and bridges to stimulate construction with tax changes and banking reform debated.
Washington correspondents reveal that payrolls include names of senators and congressmen relatives such as wives and children. The piece notes public anger over government expenses while reporters publish family connections linked to salaries. It laments selective consistency and calls for accountability.
In Thrums British Columbia police arrested 84 men and 33 women for defying orders by parading nude in protest against expulsion from communities. The Doukhobors are described as quiet and industrious aside from this incident.
The article notes the Doukhobors migrated to Canada in 1898 from Russia where their sect began about two centuries earlier. It discusses strict religious practices including non use of animal labor and the communal view of wives and husbands as sisters and brothers, with parents called old man and old woman, and comments on the austere dress and climate.
The writer claims a universal happiness threshold will trigger endless war, accusing international bankers of seeking total control of Earth's money and urging readiness to fight as a result.
Capone, the notorious bootleg king, is reported to be in confinement as legal actions and prison arrangements proceed. The case underscores ongoing efforts against organized crime during Prohibition era.
A historical note emphasizes fair competition in banking. The speaker, Melvin A. Traylor, asserts legitimate methods to gain business, while condemning actions that would injure rivals or erode public confidence in banks. The central message: banks must thrive together or suffer together.
The speaker reflects on daily banking work beyond mere numbers, noting that real financial returns were not the sole concern. He recalls many days of happiness and describes a small savings bank where less than one tenth of time was spent on evaluating profits.
The speaker argues for an open market for commodities and securities while criticizing credit rates driven by demand for funds, noting how central policy is less influential. The public mind, swayed by ticker tape optimism and pessimism, may mislead markets, requiring accountability from the forces behind the tape.
The article warns that society is overextended and fears financial theft, urging caution as wealth is seized by others. It notes a shared mood of unease and contrasts current spending with global income standards. It highlights a need for prudence before further losses occur.
The State of Nebraska Jefferson County In the matter of the estate of Miam Eaton deceased. Clarance L. Eaton petitions for administration to L. M. Cavett as Administrator. Hearing set for June 6 1938 at 9 oclock A M in Fairbury County Court. Notice to interested parties by publication in the Diller Record for three weeks. Denney Denney Attorneys for Estate E. R. Bee County Judge.
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