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Newspaper
Tripoli Leader
Location
Tripoli, Iowa, United States of America
Date
Oct 14, 1931
Page
6
The Tripoli Leader notes President Hoover outlined a $500 million plan to aid banks by letting them borrow against frozen assets such as real estate mortgages and securities. It argues many banks hold solid assets and could gain 3 to 4 billion dollars of new credit, easing the current financial crisis.
The Wall Street Journal cites Rockwell Smith tracing US mood dips back decades. From 1857 to 1921 depressions ranged 8 to 30 months, averaging about 16 months, with the current downturn at 21 months. He notes depressions are followed by stronger booms, suggesting a coming upswing.
A Pathfinder column uses a Paris street scene to argue in favor of shared hardship and price alignment. It contends that if prices fall uniformly so the farmer can buy the same goods for half as much as before, the relative value remains, and temporary downfall should not be exploited by others. It warns against trampling the farmer while seeking uplift.
The Ohio Public Utilities commission denied two trucking firms the right to operate on the main lake shore highway US 20, saying the route already carries maximum traffic. The ruling, praised as customer-friendly, suggests other officials should follow suit to favor pleasure car motorists over commercial vehicles.
Horace J. Donnelly, solicitor of the post office department, states that Americans lose more than 1 billion dollars annually to mail fraud schemes. He warns the losses will continue as long as people chase easy money and high profits.
Editorial argues salaries of county and state officials should not be cut for tax relief. It notes legislative limits for cuts and delays in effect, estimates small savings from reductions, compares wage growth to taxes, and concludes county salaries should not be blamed for high taxes.
The piece argues the American village endures with filling stations as anchors of modern life. Stations attract others, shaping village identity around highway traffic and commerce rather than rail service.
The New Hampton Tribune-Gazette quotes Woodrow Wilson on law and morals. It argues that legislation cannot reform society or enforce moral progress. Law reflects societal achievement, not a tool for regeneration, and public will must be transformed first.
Eagle Grove Eagle reports a two day open pheasant season November 6 and 7 in counties with 150 farmer signatories. The piece argues against hunting pheasants to control grasshoppers, noting an estimated 10,000 pheasants killed last year and urging farmers to refrain for self protection.
The Independence Bulletin Journal argues that publishing council and county board proceedings in general newspapers is a key crime deterrent. It contends politicians push to suppress records to hide public spending and potential misdeeds, noting defeats tied to visible expenditures.
President Hoover, on the spot with the nation viewing him, works to revive business through a moratorium and a new plan for economic revival via credit inflation. The era presents unmatched challenges, and Hoover is portrayed as handling them with deep consideration and resolve.
A Winterset Madisonian reader laments high book costs after moving from town to a nearby farm. The letter argues the state uniform textbook law excludes town and consolidated districts, charging the same price and prompting push for county-wide uniformity and tax relief. The writer invites reader input and links potential savings to a tax-reduction committee.
The piece reflects on past leaders and stresses unity after elections. It notes President Hoover's banking plan to mobilize resources, GOP and Democratic support, and bankers backing a $500 million institution to thaw assets. It cites John Darrouzat of Texas praising the program and calls for nonpartisan action during a crisis.
The October 1 crop report shows Iowa corn at 406.63 million bushels, 8 percent below the five-year average with 75 percent condition. Yields for oats, barley, and flaxseed are down from long-term averages. Hay yields are disappointing with tame hay at 3.841 million tons, well under 1930 and the five-year average.
A fragmented line notes that discordant powers draw out the er of the universe and claims Irishmen possess the gift of the gab. The brief excerpt hints at cultural pride and cosmic themes in a conversational register.
Average production from 1925 to 1929 stands at 6,971,000 bushels with a 10 year average of 94 bushels per acre and 79 percent condition. October 1 reports show 54 percent potato condition and a yield of 55 bushels per acre while pastures improve to 63 percent, 19 points above September 1. Milk production per cow remains near October 1, 1980 levels with milder declines due to better pastures.
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FOR SALE BIG TYPE CHESTER WHITE BOARS AND SOWS with known blood lines. Hutchinson New Hampton Iowa mile north on primary 59. STRAYED OR LOST A BLACK two year old steer with white in face about 680 pounds disappeared from my place Saturday Oct 10. Please notify Herman Buchholz Tripoli Iowa phone 98 F 20.
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