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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
The Wakefield News
Location
Wakefield, Michigan, United States of America
Date
Jun 18, 1932
Page
2
The Wakefield News records mail matter status under the 1870 act with entry at Wakefield Michigan indicating second class classification for post office mail.
The piece attacks Charles Schwab’s past excesses and wartime missteps while criticizing Congress for not adopting stricter economy. It notes local education board actions, teacher contributions, and the push to re register, urging business harmony and renewed political engagement amid economic distress. It mentions Michigan Bell’s tourism promotion and local opposition to Congressman James in the 12th district.
The Chronicle critiques a proposed constitutional amendment to cap property taxes at $15 per thousand of assessed value. It argues the plan ignores fixed government costs and may prompt shifts like higher sales or state income taxes. Lower taxes require disciplined spending and broad fiscal reform, not a simple rate cap.
A fragment argues that reliance on officials tasked with restoring normalcy compounds public distress. The text critiques leadership Circles and their impact on the American mind, hinting at political interference and mismanagement.
Ten year old Billie Block, son of publisher Paul Block, is praised as a juvenile philanthropist. His concern for Mayor Jimmie Walker’s income prompts a claim that Walker profited 246000 from a brokerage account without investment, harming investors. The piece ends noting a proverb about a wise son making a glad father.
An investor should distinguish between buying for yield and gambling on quick profit. If a six percent bond trades at sixty and may rise to seventy five soon, slick turnover tempts speculation. True investing adds security, sustain interest, and underpricing as core reasons, with price rise a secondary benefit.
The Washington Letter contrasts Hoover dental tales at Walter Reed with a report that five teeth had been extracted while a rival claim said no extractions were needed. It notes a memorial in the House for lawmakers who died and criticism of $10,000 widow payments. Senator Glass proposes expanding by about $1 billion using all U S bonds to back currency, a plan favored by bankers over the Goldsborough bill once seen as essential. Chairman Norbeck favored Goldsborough but backed Glass Institute as safer.
The Commerce Department home at 17.5 million faces criticism while Senator Smoot defends it as 62 percent per cubic foot versus higher costs for the House and Senate office buildings. Arlington memorial bridge stands as the second costliest item at 14.7 million, with other major sums for the Internal Revenue, House annex, Agriculture additions, and Archives. Mt. Vernon memorial highway adds 4.5 million, with bronze frame costs prompting steel substitution for the Post Office building.
Citizens call for broader currency options as discussions rise in public forums. Officials weigh potential economic impacts and control measures amid rising interest in wider monetary accessibility.
A string of quirky vignettes from New York society and entertainment scenes. A light opera singer who married a novelist and later a broker endures fortune’s tides while a cabaret job keeper helps home life. A penguin in Dr Laurence Gould’s apartment wanders into a taxi ride. Tips for housewives playfully collide with celebrity anecdotes about Schmeling and magicians Cardini and Carolin, ending with Gene Lamb heading toward Tibet in a foreign-fluent note.
The tomb of the Unknown Soldier is completed at a cost of 400000 dollars. The 11 foot high nine foot wide white marble sarcophagus was quarried near a Colorado mountain and carved by Thomas Hudson Jones before final touches in Washington. Lorimer Rich of New York designed the monument with Peace Victory and Valor figures on the front panel.
Widespread indignation followed Mt Vernon toll gate policy after the Mt Vernon Ladies Association agreed to admit free children under 10 with adults and schoolchildren up to eighth grade when with a teacher. They still charged a 25 cent fee to a women’s delegation for re dedicating a replacement tree on the estate.
The text argues that bonds offer secure income at low prices and distinguishes investment from speculation. It notes widespread losses in securities and commodities during recent deflation and urges readers to rebuild finances on a safe, solid foundation rather than chasing rapid recovery.
A serialized Americana item describes a colored man claiming to have found the Lindbergh baby and a circus sideshow invite to reveal it. It notes veterans seeking bonuses at the capital by freight billed as live stock, government payrolls in Macon county Illinois, and a Berks baby hospital appendectomy plan.
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