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Newspaper
Tripoli Leader
Location
Tripoli, Iowa, United States of America
Date
May 10, 1933
Page
4
A Humboldt Republican editorial urges purchasing during hard times to beat inflation, citing future higher prices. It argues buying today for necessities and investing in land, furniture, and vehicles avoids costly later purchases. It contrasts smart buyers with those who wait for prosperity.
Editorial argues welfare reform creates drones but credits Butler county for a work program that keeps men employed and maintains road work costs. It cites improved roads and quarry jobs as evidence, praising the county’s approach as ahead of many others.
The vivid commencement night scenes show boys and girls among flowers bathed in electric light and the brighter inner light of confidence for the years ahead.
A Iowa state senator on the tax reduction committee credits state newspapers with building tax cut sentiment and providing strong cooperation. He notes they accepted their shares of cuts gracefully and expresses gratitude for the acknowledgment.
Land has long been a key investment but recent times have narrowed its appeal. The piece argues farming ownership is now easiest for active farmers and offers a chance for young aspiring farmers to buy cheaply with simple terms. Non-farmers face high taxes and uncertain returns, limiting their ability to invest.
A public statement argues that building highways is the best method for the United States government Iowa Chickasaw county and New Hampton city government to provide work and wages rather than overtaxing the poor.
The piece argues kidnapping for ransom should carry the death penalty, claiming it deters some criminals and protects families. It notes opposing views favoring prison terms and fears captors may murder victims to hide tracks if no capital punishment exists.
The piece argues that minority influence shapes Congress as leaders guide many, reducing its sense of responsibility. It notes protests are weak and Congress accepts external direction, while the public approves swift action. The author expects a later test of wisdom and a possible rebellion by Congress.
The Washington scene features Senator Harum S Carum proposing to compel debtors to accept five dollars on ten dollar loans and issue a receipt in full. He cites cigarette costs and fallen cars as examples while debating inflation and credit policy with Senator Horsense and others.
The president through a proclamation calls for observance of Mother's Day on May 14 urging measures for relief and welfare of mothers and children in need of life’s necessities.
At the United States Chamber of Commerce gathering, business leaders voiced a desire for government guidance while fearing current economic machinery cannot handle modern social problems. Most urged minimal government control though some warned that cooperation with workers is needed to avoid drastic governmental intervention.
The passage of the administration farm bill and the inflation amendment drew rare unity from Democratic senators. The measure, controversial in its scope, was supported by nearly all Democrats with only three opposing the inflation amendment and four against the bill. One abstention, Mr. Tydings of Maryland, signaled no formal opposition.
The senate passed the Norris bill for government operation of the Muscle Shoals project for the seventh time. New provisions implement Roosevelt’s Tennessee Valley power, navigation and flood control program. The 63 to 20 vote sends the bill to the house as a substitute for the April 25 measure, with leaders expecting a conference to reconcile differences.
The House adopted the Senate inflation amendment to the farm relief bill by 307 to 86. Thirty Republicans and four farm laborites joined Democrats, while seven Democrats voted with the opposition. The bill includes direct farm relief, a farm mortgage amendment, and the inflation clause, now headed to conference. Administration hopes it reaches the President by week’s end.
Opposition remains strong but most senators and representatives back the President due to public support. Voters outside Congress oppose inflation yet back a free hand for the President to revive industry and boost employment.
The house passes an inflation amendment to the farm bill granting the President power to manage the currency and control gold and foreign exchange. It clarifies there is no mandatory use of authority and hopes for cautious, moderate application.
The piece argues that funding government bonds with three billion dollars from federal reserve banks and issuing currency against those bonds would compromise the Fed’s independence and weaken the financial structure, urging President Roosevelt not to pursue this path.
The passage argues that authorizing $3 billion in paper money could lessen harm from interfering with the Federal Reserve, but printing currency would be deplorable due to the temptation to continue issuing more money.
Treasury refusal to sanction gold exports for interest on American gold bonds abroad raises a hinge issue from the gold standard shift. Many government and municipal bonds and private contracts specify gold payments, with a premium now on international gold. If a domestic premium grows, interest and principal on these contracts could become a critical problem.
The Davenport Daily Times calls for vigorous action against those threatening a county judge and for occupying the outlaw county with troops at its expense until law and order are restored. The editorial frames the act as restoring the majesty of the law and condemns the attackers.
President Roosevelt hinted at renting his East Sixty Fourth Street residence. A wag asked if he preferred a four or eight year lease, and the president replied he would rent it for a month.
Donald Peters and Eugene Wood joined Orville Wolfgram to mark his birthday on Saturday. A string of visits followed across Will Zander, Waterloo, Waverly and John Wolfgram homes with numerous family groups and relatives dropping by.
Readlyn notes Miss Clara Knief at the post office. Daphine Ruth Oltrogge, daughter of Mr and Mrs Ed Oltrogge, was christened Sunday by Rev Arhleger with sponsors Mrs John Wehling Mrs Albert Oltrogge and others. An 18th wedding anniversary was celebrated at the home of Mr and Mrs Frank Eichman with guests including Mr and Mrs Ernest Meyer and Mr and Mrs H J Schumacher. Mrs C C Judas returned home from Mercy hospital in Waverly.
The district docket shows Prudential Life Insurance Co. versus G. W. Apfel et al for foreclosure at 7995. Northwestern Mutual Life Insurance Co. versus Arthur A. Robo et al for 12412.93. Emma Lindner versus H. F. Schneer for 3572.90. Adam Rottenbacher versus Ww. 1. Pi pho for 100. Louise Brettmann versus town of Denver appeal from local board of review for lower property assessment.
An Auxiliary meeting of Bremer county units will convene at the Legion hall on Monday May 15 starting at 1 39. Mrs Roy Pell of Marshalltown district committeewoman will be principal speaker and Mrs E R Cronk of Montour will be a guest. Other program items are in the works and all units are invited to attend.
The Clerk of the District Court in Bremer County Iowa announces a probate hearing for the last will of Henry Schlichting deceased. The May 29 1933 10 00 AM slot at the Bremer County Court House in Waverly is set to admit the will to probate unless objections are shown.
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