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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Oct 08, 1931
Page
7
Rutman, seized from his home by seven men and a woman, was tortured with alcohol and fire in a White Bear Lake cottage for over three days. The gang demanded fifty thousand dollars for his freedom. police say ten thousand was requested, with some money reportedly paid by relatives. He escaped and was hospitalized.
Harry B McCormack a 63 year old Glendale financier shot himself in court after a verdict convicting him of grand theft and violation of the state securities act He had caused a loss of about 345000 to some 200 investors A note on the counsel table declared him guiltless of fraud claims
The Middletown Savings Bank failed to open and was placed in the hands of the state banking commissioner. Middletown loses banking facilities as the only other bank had closed a month earlier. assets were 1 041 443 and deposits 861 940 as of June 30.
A group of local school children with two teachers visited the Walter L. Main Circus at Winchester Fair grounds. They spent an hour viewing the wild animals, watching their keepers feed them, and surveying the circus overall.
Wall Street leaders say Hoover's credit body plan calms fears and clears path for action. Markets rally in London Paris Tokyo while New York cotton gains then dips on hedging. Germany issues emergency decrees after cabinet resignation. Hoover to discuss war debts with Laval. MacDonald backs international agreements to reduce reparations. Banks back plan. bankers pool approved at Atlantic City convention.
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