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Newspaper
Tripoli Leader
Location
Tripoli, Iowa, United States of America
Date
Feb 07, 1934
Page
4
The piece from an Iowa Bremer County paper critiques Roosevelt era fiscal policy and the World War I financial dealings. It argues critics miss the cost of entering the war and asserts the public was misled by sensational propaganda about German atrocities and by international bankers selling bonds to Americans.
The article notes broad improvements since last year’s banking crisis and moratorium. It contrasts earlier bank closures with current stability and highlights price gains in corn, oats, hogs, and butterfat, citing corn from 12 to 38-? cents, oats from 10 to about 30 cents, hogs up roughly a dollar, and butterfat rising from 14 to 21 cents.
Editorial argues the 31 billion national debt predicted by Roosevelt in 1935 can fund recovery and growth. It contends much debt is reinvested and not a true burden, compares per capita levels to France and England, and urges monetary reform and ending special privileges to prevent future indebtedness.
In the Eldora Herald Ledger note, farmers may stay out of a plan but risk being called slackers if they increase corn and hog production more than in prior years for selfish gain. The piece stresses freedom to decide while condemning unpatriotic behavior and disrespect toward country and neighbors.
The Charles City Press notes a shift from immigration debates to a new melting pot the CWA project. It profiles 175 men repairing a country road, listing varied prior trades from truck driving to civil engineering. Ages 17 to 69 average 38. all identified as Americans. none on public relief. average unemployment lasted 31.7 months. workers selected by a public employment bureau. readers urged to consider the editorial implications.
The piece argues state and congressional race outcomes depend on the New Deal’s performance. If the New Deal fails to meet public expectations, Republicans may gain ground. if it succeeds, GOP candidates face a tough fight. It notes weak incumbents from 1932 and predicts visible results by fall.
The Iowa legislature’s special session is in its fourteenth week with costs near a quarter of a million dollars. The session was convened last fall to handle about ten emergencies. The House has passed 109 bills. the Senate has 92. 94 have been signed by the governor. adjournment remains distant as the Senate acts on major bills.
The piece notes broad support for lengthening CWA work, warns funds will soon exhaust, and argues for a temporary extension until public works and private industry can absorb workers. It emphasizes practicality over indefinite continuation and calls for a managed transition to new employment opportunities.
About one in ten automobiles using public streets have caused an accident at some time. The high ratio of drivers to accidents seems inconceivable yet reflects recent years. Reckless driving persists despite ongoing safety campaigns.
In Humboldt, farmers pursuing the corn hog plan drop hired help as land under cultivation shrinks. The trend risks increased unemployment rather than relief, an unseen snag similar to last fall’s brood sow disposal failure.
The text notes a broad national push to curb crime and racketeering with intensified arrests and convictions. Chicago and New York are highlighted as centers where officials are aggressively pursuing public enemies, kidnapping rings, and other racketeering networks to restore law and order.
The article notes the NRA credited for a broadcasting code banning ads for lotteries and prize schemes. It states newspapers had restricted lottery ads for years and radio advertising now loses special privileges, with the rule applying to broadcasters or networks and to lists of prizes drawn.
A long Washington memo analyzes 1936 presidential prospects, noting uncertain poll estimates and party dynamics. It discusses Roosevelt’s New Deal impact on Democrats, Republican hopes centered on Ogden Mills and other GOP figures, and Mills’ political creed favoring free press, limited government, and competitive capitalism. The piece urges caution and reflection on political swings.
The President fixed the gold content of the dollar at 59.06 percent of the old value and authorized $35 an ounce for gold purchases. The move signals devaluation and a four step program including dollar depreciation, internal price reflation, and price stabilization, plus a push to create a government power board to manage electric rates pending St. Lawrence treaty ratification. Congressional delegation of authority expands with a naval bill granting broad presidential power to build ships. Treasury diversifies currency types eight ways, retaining most notes while phasing in new gold certificates. Secretary Roper defends the New Deal amid the shift.
In Topeka last Monday Ogden Mills delivers a broadside against the administration. He accuses it of seeking unconstitutional control and plans to abolish the profit system through permanent emergency measures. Hoover’s Treasury secretary’s critique prompted a Roosevelt reply within thirty six hours at the meeting of the new State directors.
President Roosevelt asked Congress for funds to supplement American diplomats abroad after about a 40 percent dollar depreciation cut their pay. Carr notes hardship in the foreign service with officers sacrificing for duty. An Egypt-based officer has $15 left monthly for all other expenses, while Trieste reports eggs and cigarettes as luxury items. Bow ers in Madrid covers costs out of depleted pay, described as intolerable. The House largely backed a treaty navy despite past reluctance, signaling a shift toward preparedness after lengthy inaction.
The senator asks the Senate to create a five member committee to probe rumors about him. He claims a national conspiracy harms his reputation and brands J. P. Morgan as the chief conspirator. He would be the first martyr through legislation.
The Pathfinder notes a small gathering last night with about 200000 attendees in the neighborhood. The report contrasts with expectations of a larger turnout.
Prudence questions agreement with college professors as Miss Cayenne notes theories are startling. She adds that disagreement may prolong the argument while professors think up more startling ideas.
The fragment lists numbers and prices likely from a catalog or ad. It mentions Roosters and values 3.50 2.50 and a range 1.50 to 5.00. No clear event or people beyond Roosters.
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