Iowa Insurance Law Reforms Target Stock Seizures
Des Moines reports a legislative probe into Iowa insurance laws aims to curb stock manipulation by officers and outsiders. Attorney General Gibson prepares recommendations to empower the insurance commissioner to remove officers, supervise assets, regulate expenditures, and possibly act as receiver for troubled companies. The Senate panel reviews the North American National Fire Insurance case, noting alleged mis management and stock valuation concerns.
MENTIONED IN THIS ARTICLE
Associated Press
Des Moines
Iowa
Commissioner of Insurance
North American National Fire Insurance Company
Ben J. Gibson
Insurance Department
Gibson
Insurance
Senate
Wichman
Hancock County
John A. Thompson
Insurance Commissioner
Ek. D. Perry
Capital Honors Washington as Nation Pauses
Washington observes Washington’s Birthday with banks and many stores closed. Congress remains in session while government departments close. President Coolidge plans a 10 pm radio address from the White House study, broadcast by WEAF and WCAP. Rotary clubs mark the anniversary as wreaths are laid at Mount Vernon and at the Washington Monument.
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Washington
Congress
Associated Press
Senate
House
George Washington
Coolidge
White House
Washington Post
Jack Dempsey
WEAF
New York
WCAP
International Rotary Clubs
Mount Vernon
Washington Monument
Flaming Klan Parade Draws 20000 Oklahoma Members
In Oklahoma City on February 21 20 000 Klansmen in full regalia were to march in the Knights of the Ku Klux Klan parade closing their convention. J W Jewett Grand Dragon spoke as trains carried thousands to the capital for the event amid a masked ban not effective until June 1.
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Associated Press
Oklahoma City
Oxkla
Klandom
Knights of the Ku Klux Klan
Ggaath
Clave
J. W. Jewett
Oklahoma
Klan
Prisoners Get Chance for Rehearing at Leavenworth
Federal investigators reopen cases of 177 ex servicemen at Leavenworth Kansas to review convictions and potential excessive sentences. Major Stanfield and Major F R Ross head the inquiry with 77 prisoners to be reseen.
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Leavenworth
Kas
Stanfield
F. R. Ross
Wor
Washington Bankers in Burlington Today
Most of the Washington bankers and bank employees went to Burlington yesterday evening to attend the annual convention of Group 11 of the Iowa Bankers Association, which is being held there today. Attendees include Carl Keck D J Ross Frank R Sage H S Young Everett Griffith Philip Weldin George W Rudiger Clarence Logan Harold Tolander Franklin Waggoner Donald Bell Walter Conner Robert Noonan Marjorie Sechulty Lucy Dempsey Edna McKimmey Clara Eagle plus Robert Boyd Homer Van Horn and R L Richards families from nearby towns.
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Washington Bankers and Bank
Burlington
Iowa Bankers’ Association
Carl Keck
D. J. Ross
Frank R. Sage
H.S. Young
Everette Griffith
Philip Weldin
George W. Rudiger
Clarence Logan
Harold Tolander
Franklin Waggoner
Donald Bell
Walter Conner
Robert Noonan
Marjorie Sechulty
Lucy Dempsey
Edna McKimmey
Clara Eagle
Robert Boyd
Haskins
Homer van Horn
Ainsworth
Davenport Boy Killed by Auto Truck
Claude Hobbs aged 13 was run over and killed this morning on a Davenport residential street. A. H. Dana, driver of the truck, is held on bond pending investigation though not believed responsible.
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Davenport
Claude Hobbs
A. H. Dana
Indigent veteran finds a century-old cash stash in pepper tree
In Ventura California F W Barron an impoverished former Canadian soldier found a hidden roll of money dated 1841 after cutting down an old pepper tree near his home. The bills totaled $50 mostly one dollar notes and were concealed behind a knot hole covered by a decayed board.
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Ventura
Cal
Fortune
F. W. Barron
Here
Barron
Student Center for Presbyterians at Iowa University
A $100000 student center for Presbyterian students at Iowa University will be built at the campus edge. It will include classrooms for religious study reading and lounging rooms and a large dining hall for banquets. Funding includes $40000 from local Presbyterians and $10000 from Presbyterian students plus $50000 from the Iowa Presbyterian Educational fund. About 800 Presbyterian students attend the university.
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Iowa City
Iowa University
Iowa
Iowa Presbyterian Educational Fund
University
Local Flags Honor George Washington Celebration
Flags fly in front of Washington business houses to honor George Washington birthday. No public program, Knights of Columbus to present a patriotic night at St. James school. Post office holiday hours, courthouse closed, banks closed. most business proceeds as usual.
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Washington
George Washington
Knights of Columbus
St. James School
Court House
Water Main Break Closes City Water Supply on East Main
A broken water main on East Main Street near the square shut off city water yesterday evening. Repairs were conducted by electric light, drawing a crowd of curious local boys throughout the event.
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East Main Street
It pays to advertise declares Journal service
Advertising advice from The Journal promotes intelligent ad placement as a longtime value, promising effective local outreach and ongoing support for readers seeking business notices.
MENTIONED IN THIS ARTICLE
The
Journal
Insurance board clashes over consolidation side contracts
The insurance commissioner argued that power to veto a consolidation did not exist and warned that side contracts in the deal, made by officials of one or both firms, could invite abuse in consolidations.
MENTIONED IN THIS ARTICLE
Insurance Commission
Berlin Seeks Japanese Music From Konotype Orchestra
Berlin music lovers heard western program by a German orchestra led by Japanese conductor H Konotype. The show was a distinct success and will be repeated. Now the Japanese are being asked to perform music from their homeland.
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Berlin
H. Konotype
Estate tax increase agreed upon in revenue bill
Washington February 22 consensus on raising estate and inheritance taxes and imposing a gift tax emerged from Ways and Means talks. Treasury experts to draft rate schedules. committee amendments possible. Debate included Moore’s proposal for a 100 percent tax on gifts over 5000, which was ruled out. House votes to open federal tax return inspection also discussed.
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Washington
Treasury
Green
Garner
Texas
Moore
Virginia
Graham
Llinest
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House Wayrand
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Mellon
Hammill Opposes Farm Price Fixing in Iowa Bankers Meet
Hon. John Hammill Iowa lieutenant governor told Group 11 Iowa Bankers Association in Burlington that marketing organization and stabilization of farm products offer a remedy to agriculture woes rather than price fixing. He urged tax cuts budget reform education and stronger respect for law and order. The address drew over three hundred bankers for the session.
MENTIONED IN THIS ARTICLE
Associated Press
Burlington
John Hammill
Iowa
Group 11
Iowa Bankers’ Association
Iowa Faces Illinois Tonight Without W Hicks
Iowa prepares for a home game against Illinois with Wayland Hicks likely out due to influenza. Dan Speed fills Hicks's guard spot while Captain Jimmy Laude and Jenson bolster the Iowa attack as they seek a victory to rise in the Big Ten standings.
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University of Iowa
Wayland Hicks
Brooklyn
Chicago
Dan Speed
Knoxville
Hick
Jimmy Laude
Monticello
Janae
Laverne
Lowa
Jenson
Cedar Rapids
Iowa
Illini
Ohio State
Hawkeyes
Russia seeks to build warships at international talks
In Rome on February 22 Russia asked permission to construct 419,900 tons of capital ships at a League of Nations conference guiding the Washington naval treaty. Admiral Benrefis cited Russia’s three sea coasts and lack of security guarantees. The conference offered 125,000 tons, which Russia refused, later reduced to not more than 390,000 tons in exchange for security guarantees for the Baltic and Black seas.
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Associated Press
Rome
Russia
League of Nations
Washington
Benrefis
Benrens
Baltic
Black Seas
Motorman Weds on Street Car Run
In Chico California Harry B Scott a street car motorman tried to marry yesterday but could not leave his car He planned to meet Judge Clyde Thom at the end of the line The judge was delayed so Scott rode with his fiance Miss Mary Partridge first to the line end then to the other end where Justice J L Barnes performed the ceremony They spent their wedding day riding back and forth on the street car line
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Chico
Calif
Harry B. Scott
Clyde Thomas
Judge Thomas
Scott
Justice of the Peace
J. L. Barnes
Mary Partridge
Japanese Royal Couple Begins Wedding Tour
Prince Regent Hirohito and his bride depart Tokyo for a week long wedding tour visiting national shrines and imperial tombs and reporting to ancestral spirits as guards keep 6 000 police along the route. They return February 29. Numazu experiences a major fire destroying 200 houses but the Numazu palace is unharmed.
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Tokio
Hirohhio
Bankers Association Banquet Highlights Leaders Across Iowa
After a noon banquet the Iowa bankers association held talks by W. H. Manes of Fairfield John D. Auen of Burlington Frank Warner of Des Moines secretary of the bankers association Thomas Ford of Northern Trust Chicago J O Hayes of Keokuk Frank Vetter of Davenport and L A Andrew of Ottumwa the latter two former presidents.
MENTIONED IN THIS ARTICLE
W. H. Manes
Fairfield
John D. Auen
Burlington
Frank Warner
Des Moines
Bankers Association
Thomas Ford
The
Northern Trust Company
Chicago
J. O. Hayes
Keokuk
Frank Vetter
Davenport
L. A. Andrew
Ottumwa
Daugherty Resists Quit Demand as Senate Attacks
Republican leaders clashed over Attorney General Daugherty as senators urge resignation for a full inquiry. Speaker Adams warned a rush to quit without trial is absurd while Wheeler and Lodge push to name investigators other than Brookhart. Senate debate includes Sinclair stock ties and Elkins stock trades.
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Associated Free
Washington
Daugherty
Senate
Adama
Republican National Committee
Brookhart
Iowa
la Follette
Walsh
Montana
North Carolina
Sinclair Oil
Wheeler
Department of Justice
Senator Wheeler
Senator Brookhart
Lodge
Massachusetts
Cummins
Claim Youth Who Killed His Parents Is Simulating Insanity
In St Petersburg Florida Feb 22 prosecutors say 19 year old Frank McDowell confessed to killing his father mother and two sisters and insists he is not insane. They cite witnesses who will testify he is simulating insanity to cover up the motive a $10000 double indemnity policy he allegedly underwrote for his father in January as an insurance agent.
MENTIONED IN THIS ARTICLE
Associated Press
ST. Petersburg
Fla
Frank McDowell
Frank
Fail in Altitude Record Attempt by Lt. MacReady
Dayton Ohio February 22 Lieutenant John A MacReady failed in his second effort to set a new world airplane altitude record. His Lepere bi plane reached an actual altitude of 34 933 feet after instruments showed 41 000 feet. The existing record of 36 555 feet is held by Sadi LeCointe of France.
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Associated Presse
Dayton, O
John A. MacReady
Sadi LeCointe
Alvardo Rebel Leader Captured in Colima Report
Mexico City February 22 General Salvador Alvardo, a principal rebel leader in the west, has been captured at Colima according to a war department report. Alvardo formerly governed Yucatan and later served as secretary of the treasury during Huerta's provisional presidency.
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Associated Press
Mexico City
Salvador Alvardo
Colima
War Department
Alvardo
Yucatan
Treasury
Huerta
Senator Greene Held Critical After Altercation Wounding
Washington Feb 22 Senator Greene of Vermont remained in critical condition after a bullet wound received Friday night during an encounter between prohibition enforcement officers and suspected bootleggers in an alley. He and Mrs Greene were nearby when shot and slight gains earlier in the day were reported today.
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Washington
Senator Greene
Vermont
Greene
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