Montana Butte Standard from Butte, Montana · Page 1 Click to view larger version
January 24, 1934

Montana Butte Standard from Butte, Montana · Page 1

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Montana Butte Standard i
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Butte, Montana
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Wednesday, January 24, 1934
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METAL PRICES Copper ,.»»11 • i • i 8?ic SUver «Uc 7,ino 4.27c Gold, U. S. Treasury price $34.45 Gold, world prJce S33.20 Lead, New York 4.00c tead, East St. Louis S.SOc taubarb HOME EDITION The Standard carries the most exclusive telegraph news service In Montana. ,VOL. LXXI.—No. 108. ESTABLISHED 1876 BUTTE, MONTANA, WEDNESDAY MORNING, JANUARY 24. 1934. PHONE 5411 PRICE FIVE CENTS AMENDMENTS TO GOLD MEASURE FACE AXE Uncle Sam Calls on Country's Investors for Loan of Another Billion Dollars Man Without Country Heavy Outgo for Recovery Program Has Depleted Government's Cash to the $500,000,000 Mark. IIP Government Expects to Borrow §10,000,000,000 in Next Few Months; Federal Debt Near 25 Billion. WASHINGTON, Jan. 23.— (U.P.)—The federal government called upon the country's investors to lend it another billion dollars today to meet the mounting expo nditures of the recovery program which have depleted the government's treasury. The billion dollars will be raised by the sale of 5500,000,000 of 1314 months. Z'.J per cent treasury notes and $500,000,000 of 1'A months Hi per cent certificates of indebtedness Direct t» Treasury. The entire amount raised was expected to be paid directly into the treasury and from .there into' the various relief activities .of the federal government. Government expenditures this month were expected to exceed a billion dollars and the heavy outgo already has depleted the government's cash to around the half-billlon-dollar mark. Coincident with the growing expenditures and the need for ^hcavy borrowings, the internal revenue bureau today reported that internal revenue collections In December crossed, the $300,000,000 mark and still were far above a year ago In the current month. First In Program.- Today's billion - dollar financing was the first in a $10.000,000.000 program over the next months. In this ' period the government expects to borrow , $6,000,000,000 including the current issue;, to meet recovery expenses and an additional $4,000,000.000 to meet maturing obligations in the period. The amount and character of the current offering was in line with previous predictions and interest rates were only slightly above those paid recently by the government. • On December 15. last, the government sold $932,000,000 of 2'.', per cent one-year certificates within p. few hours. This Issue was oversubscribed three times. For Small Investors. Tlic terms of the current offering were interpreted as a "bid" to the small investor to invest his savings in government bonds. The notes arc beirig issued In denominations of as low as $100 and all subscriptions up to $10,000 arc lo be allotted in full. Another inducement is the offer of the federal government to accept the notes in payment of income and "•'.profits taxes payable at the notes' maturity. Sale of the billion dollars In new securities was expected to carry the federal debt to approximately $25,000,000,000, the highest level since war time and not far from the $31.000,000.000 public debt goal set by President Roosevelt. On January 20 the public debt stood at $23,876,800,935. Income Growing. The treasury notes being offered are to be dated January 29, 1934,' and will mature March 15,1935. The certificates of indebtedness are to be dated January 29, 1934, and will mature September 15, 1934. (Continued on Page 2, Col. 3.) HUEY LONG CANDIDATE TRAILS IN NEW ORLEANS CITY VOTING 'SENATOR'S BID 10 GRAB CONTROL IS MfllN ISSUE A PATTERN FOR THE DOLLAR Time for Release of Kidnaped Bank Head Draws Near Officials No Longer Fear Edward G. Bremer, Held Nearly Week, Has Been Slain by His Abductors. Wholesalers' License Fees Increased and Retailers' Cut Under New Law. The Butte city council last night macted a new beer ordinance increasing the license for wholesalers md reducing that'of retailers. It was decided by a vote of seven to x to ask State Fire Marshal John kV, Mountjoy to institute condemnation proceedings against the building on the southeast corner of Wyoming and Galena, streets, "as well as against any othor buildings in the city that may be In a similar condition." Two matters that were expected to be brought before the council did not materialize. These were an ordinance to create permanent special improvement districts out of sprinkling district.'; and the report of the traffic commission. Tlic special improvement ordi- (Continued on Page 2, Col. 5.1 Defeat in City, Which Foils One-third of Louisiana Vote, Seen as Blow. ST. PAUL, Jan. 23,—(/P)— Officials' fear over the fate of Edward G. Bremer, held by kidnapers nearly a week, was allayed tonight by disclosure that lie had not been threatened with death. As the time when close friends wid release of the captive banker or whom J200.000 ransom has been demanded drew near—their prcdlc- ,tons were that he would be freed within 24 hours—sources believed reliable divulged that the original :idnap note contained only a. warning, not a threat. No Death Threats. You better pay oft first and let them (meaning the police) do their detecting later. You belter not cross us," was the version they gave of contents of (he note which was found by Walter Magcc, wealths friend of Hie Bremer family,'shorU> after the 31-year-old bank head was seized last Wednesday. • ' Magee previously had said the gan? had threatened young Bremer with death 'if police Were called In or the newspapers Informed. The ransom note was sighed by Bremer In a. shaky hand and a brief postscript designated Magce as Intermediary. FISTIC FRAYS FEATURE THE DAY Balloting Heavy; Many Citizens at Polls Before Dawn, Vote in Candlelight SET 10 HOT Rebellious Senate Banking Committee Changes Bill Placing Board in Charge of Stabilization Fund. YOKOHAMA, Jan. 24.— (Wednesday) -(IP) —- Prince Alexis Mdlvani, husband of tlic former Ecu-barn Hutton was temporarily denied permission to land today upon his arrival on tlic Htkawa Mam anticipating an early reunion with Ills bride. Mdivani found himself in the eyes of Japanese Immigration officials a man without, a country. Hr presented an expired diplomatic passport of Georgia, the land in which his princely title originated, which \vas something new and strange to the experience of officials. He was denied a permit to land until the matUr had been referred to the foreign office. Four hours after the arrival of the Hikawa Mam ha was still aboard while Tokyo was considering his cos-!. Mdivani told reporters he and his bride planned a "round-the- world honeymoon trip' 1 of which the trans-Pacific phase was necessarily on separate liners because of his unwillingness to testify in the California courts "where my brothers ar? in trouble." The Hikawa's radio operator declared that Mdivani was the btsl customer of his experience. Ho said the prince sent, a radio message to his wife aboard the Tatsuta Maru twice daily while eroding the Pacific along different steamer lanes, she replying almost equally profusely. Mdivani said he planned to spend 10 days in Japan and then go to Psiping, China. The Princess Mdivani, heiress to the Woolworth millions, was due to arrive on the Tateuta Mani on Friday. The prince sailed from Vancouver Jan. 1!. DRASTIC ENFORCEMENT OF CITY TRAFFIC ORDINANCE IS PROMISED BY MTAGGART Drivers' License Will Not Be Repealed Nor Fee Re- -duced, Mayor Says, but All Rules Will Be Enforced to the Limit in Effort to Furnish Motorists Efficient Protection; Parking Drive Started by Police. The most drastic enforcement of tile traffic laws in the history of the city is promised the people of Butte "from this day onward." Mayor McTaggart makes the announcement and is backed by tlic members of the traffic commission In his declaration. " "It is apparent to the administration," Mayor McTaggart fiald. "that the people of Butte want traffic enforcement. There has been complaint that the $1 drivers' license ordinance should be repealed because the people were not, getting anything for their money. I am in a poEition to state lhal the $L license fee ordinance will not b? repealed nor will the amount be reduced. On Ihc other hand I can promise the strictest enforcement of every paragraph of the traffic ordinance. If we have not policemen enough lo enforce the law we will _ hir& more of them. Parking viola- i ' wort in relay;, After we have given the people a 100 per cent enforcement of the traffic code they will then have the right lo cay whether it is the thing they believe it to be. whether It has produced the remits Ihey expected. Tf it Is not what they want It will bo an easy matter to repeal it. But we are going to give It a try-out first. That is only fair." Criticism Heard. The Bullc traffic code wa. c , adopted on the representation that It would mean a caving I" Ill's driving public by bringing about a reduction In the Insurance rates of the Butte: district, by far the highest in Montana and tions, disregard of the stop and go slgnalt. failure to observe traffic i d ; c]prc(1 by f o nle to hc tne highest signs about the city will mean ar- jn th> Un | lcd sti u M . The SI drivers 1 rests. Bad brakes, defective lights, failure to provide one's self with a driving permit, failure to obtain n state auto license—all Ihcsc will mean a police court appearance from this time on. "The drive against over-parking and double parking was started this morning. This work will be kept up . day and night. The officers ?."iJl license fee was adopted to finance the employment of the traffic squad. (Continued on Page 2, Col. I.) GOLF COURSE DEATH TERMED SUICIDE NEW ORLEANS, Jan. 23 — (U.P.)—New Orleans voters today determined tlic fate of Senator Huey P. Long's political machine with heavy balloting In a municipal primary election. Unofficial returns from 41 out of 2G2 precincts In the city gave: Walmsley. 0,'276; Klorcr, 3.GSO; Williams, 3,19G. Walmsley Is the candldale ot the old regular party, which Is lighting Long. Williams Is another anti- Long candidate and Klorcr heads Long's ticket. Scores of FIRM*. • Flying squads of police and citizen guards* prevented any serious outbreaks, but there were scores 'of minor fights mid arrests. Polls closed at 1 )>. m. and election officials immediately began lo tabulate the returns cast for three tickclg of candidates. Voters had their choice between tho old regular democratic party, which is the city political machine now In power; Senator Long'. 1 ! ticket and the anti-Long ticket, headed by Williams. Long's efforts to seize control from the old rcKUlars was the main issue in the election, which was preceded hy a nltf-wcek campaign of violent harangue, national guard threats and courtroom Investigations. A defeat In (ho city, which polls one-third of Louisiana's vote, would be a stunning blow to Long's once powcrfol machine, which hns lost much of Us country support recently. Perjury Affidavit!!. Many persons were al, the polls before dawn, voting by candlelight. District Attorney Eugene Stanley filed perjury affidavits against 150 more persons, bringing to :I2I the total number charged with false registrations. Senator t/>ng remained In his political headquarters, delivcrlni} Ilvc- mlnutc speeches al eacli hour of the day over a chartered radio station. KJorer carried Lonis'5 banner candidate for mayor. The Klngfish turned to crooning In his la.il appeal. He clnmpirt a megaphone to hi.-, mouth ant] delivered an original ditty entitled: "Anti-Long, Llttln nosey. Anti- Lon, Little Bogey. Antl-T/o—o— oong." The accompany!]];? musical refrain was that of the "Last : Roundup." ; Dozens were arrcstsd during the i day. One mail tried to vote wltii j credential,'! t'succl to Albert Bar- i thiiesc. lie was arrested when hc [ was unable to pronounce the name ] that was supposed to be hts. j One man tried lo vole for 'Teddy Roosevelt." One republican Irlcd lo j (Continued on fagc 2, Col. 7.) STILL WORTH 100 CENTS. Under President Roosevelt's plan tho dollar would be cut to tho 102S pattern as far as Its purchasing power Is concerned. A 50 or 00-cent dollar, measured in terms of its gold content, therefore! &II11 would be worth 100 cents with 1D2C prices ns Ihe ynrtls.llck. ME SEEN 60 OR 50 CENT DOLLAR STILL WORTH 100 CENTS IS AIM OF ROOSEVELT MONETARY POLICY 1926 Chosen as Measuring Stick for Money Because Prices Were Relatively Steady Then and Because I Was Around That Time That Much of Private Deb Was Contracted; Vaccination Against Depressions. WASHINGTON, Jan. 23.—(/P)—A 00 of 60-cen't dollar that Is still worth 100 cents, measured In 1D2G prices, when changed into bread, milk and other commodities—that is the basic purpose ,of President Roosevelt's monetary policy If translated Into "man In the street" terms 1 ' The apparent conflict In that purpose, as Ihus slated, is due to different purchasing powers of the dollar at different tlmc.s. Tho dollar has been having a. purchasing power of considerably more Ihnn 100 cents if the prices of 1D2Q are taken a-s a base. Assuming lhat the dollar had a purchasing power of 100 cent,'! In inzd. Die president has Indicated his purpose (o return tho dollar to that value. Reducing Onlil Weight. The year 1920 has been chosen became prices were, relatively stable then. It w.as'around that lime, too, that much of the present private [ debt was contracted. To get a dollar of 100 cents the president pi'O]>oses lo reduce the weight of cold In the dollar to between BO and 00 ]>cr cent. Till." docs not mean a dollar hill call be changed for only 50 or HO pennies Instead of the usual 100. It moans that this dollar, cx- JoyWhen News of Action changeable under the Bold standard for 23.22 grains of gold, can l>c exchanged for only 13.33 grains If the dollar i.i cut to 00 per cent—11.01 grains If cut to SO per cent. (Continued on Page 2, Col. 7.) NEW MACCABEES LODGE HERE IS PRESENTED WITH CHARTER General Manager of Fraternity Who Is Paying Official Visit to Butte Delivers Message at Meet. More than 200 knights and ladies of Maccabees and their friends gathered last night at the Eagles hall to witness the institution of a new ledge, the Installation of officers and lo hear a message from Herman O'Connor, general manager of the fraternity who Is parine an official visit here. Mr. O'Connor, assisted by an aug- mented drill team, was. In charge of the installation ceremonies, and speaker of the evening. During an entertainment which concluded the affair, he presented 25-year-veteran pins to Mrs, Kate Joyce of Anaconda, and Mrs. Kate Monley. . O. K. Henderson, state manager, presided as master of ceremonies and at the close of the program presented Mr. O'Connor with a desk £5t, made of Butte copper, as a token of esteem from the throe local organ'iatlonr. Those contributing to the program were the Maccabce orchestra com- (Oontinued on I'agee 2, Col. 6.) CROATIAN LODGE IKES' m (MIUTION TO DANCE FOR PRESENT The sum of J50 has been turned over to John Hample, treasurer of the Roosevelt ball committee, by Trobjonlca lodge' No. 5, Croatian Brotherhood of America. Robert Krlskovich, president, and Vance Mudro, vice president of the ledge, were authorized to make the contribution. In addition to the donation, lodge members arc purchasing dance tickets. The general committee In charge of the Roosevelt ball, to be given January 30, reported yesterday thot many ticket* are being «>ld. SPOKANE. Wash.. Jan. 23.— m— Police announced definitely today that Paul E. Newport Jr,, whose body was found near a golf caurse yesterday. took his own life with a sho'gun. WEATHEIl FORECAST. IVfollfana — Generally fair Wednesday and Tliurvlaj-; much collier Wednesday, will) moderate cold wave In extreme rajst portion. ELECTION [TRUSTEES Printing of 15,000 Ballots Ordered and Arrangements Made for Judges Spreads Bankruptcies in Style in Hollywood With Stars and Writers in Hole 5 Million HOLLYWOOD, Calif., Jan. 23. (tPl —Hollywood produced a mulll- starred drama, last year lhat never will be shown on thp. screen—the bankruptcies cf 1933. Ffruratlrcly II wav a $5,000,000 creation Involving a galaxy of producers, a:lori, actresses, directors and writers, caujbi In the shifting sands of cinema fortune. Federal court records show the screen notables anrf ex-notables who asked the court lo declare them Insolvent (luring the past year reported liabilities aefrrrfrat- InV near tin ?5.030,000 anil assets of (its tban half lliat amount. The development of Ibc talking: pictures caused iv number of producers, actors, actresses, writers (Continued on Page? 2, Col. 6.) Plans for the forthcoming bond election for tho erection of a new high r.chool were practically com- plr-ted al a meeting of trustees of | the s'jhoal district last evening, | Nfembcrs approved a motion to ar- j range lor the printing of 15.000 bal- I lots for the bond election and also | approved a resolution empowering' the clerk lo make all plans for Instructing Judges and hiring any other help necessary. Board members recessed until Friday evening at 7:30 o'clock. Teachers Hcslirn. The resignations of two teachers and the changing In salary schedules of nine others, submitted by Superintendent J. G. Ragidale, was approved by the board. The Misses Anna Jackson and Clara Downing, both recent brides, resigned. Gwendolyn Mitchell, Helen Small and Louise Simon had their salaries moved from t94.<14 monthly to $112; Ida Holland from $70 to $113, and (Continued on Page 2, Col, 4.) HAVANA, Jan. 23.— (da— Normal relations between the United States and Cu1>a were restored amid unprecedented scenes of rcJolcInK tonight. Jefferson Caffory, President Roosevelt's personal diplomatic representative In Cuba, formally conveyed the message of United State.! recognition to the Cuban department of fitale at 4 p. in. Hc handed Ihe note to Secretary of State Cosmo do la Torrlcnta and IS minutes lalcr dcparlcci. Shooting DcgitiK. Word ran swifty through the city and within another quarter of an hour, fireworks, rifle and revolver reports and the shrieking of nil-ens and whistles from scores of boats and (acloi-les formed a howling background against which the booming of 21-gun salutes by the U. 3. S. Wyoming tnd Cuban shore batteries resounded. The nhootlng continued as dusk fell and the unusual spectacle of civilians Joining In with big fire crackers added a Fourth of July touch to the tumult. TUousandK flocked first to the water front, whore the Wyoming fired a 21-gun 'Continued on Page 2, Col. 4.) Senator Fess, Republican, Ohio, Begins Verbal Barrage Long Before Act Reaches Floor of Senate. WASHINGTON, Jan. 23 — 1 ) — Administration leaders lecrecd a death sentence to- ilght Cor an amendment at, ached to the Roosevelt monetary bill by a rebellious ..senate banking committee under which a board would be put in charge of the $2,000,000,000 stabilization fund asked by' the president to steady the foreign value of the dollar. The fate of two other changes. voted by the committee, which would, Impose 11 three-year limitation upon the operation of the fund and upon the chief executive's "power tp.de-' value the dollar, was less certain. Senator Robinson, the democratic^ lender, said he wns studying th<n>ro"-'~ posal, but could not yet say what the attitude toward it would be. • • Not Enough Votes. Nevertheless, there were strong Indications that these, too, would be stricken from tho bill by the Roosevelt following in the senate, Republican leaders, although anxious that the three changes be retained; conceded they had not sufficient votes to keep them in the measure If President Roosevelt should send down word that they must go. As sent to the.capitol by the administration, the bill provided that the secretary of the treasury should have sole authority to administer the fund and to expend It in any typo of commercial' transaction he might deem nccersary to the purpose of stabilizing the dollar abroad. Would Name Hoard.' Objecting that this empowered the treasury head to do a general bank- Ing business, Senator Qlajs proposed the amendment to put the fund in Hie hands of a board of five consisting of tho secretary oE the treasury, the governor of the federal re- scrv? board, the comptroller of the currency and two persons to be appointed by the president and confirmed by the senate. Despite the changes made, the committee upheld the president in rejecting an amendment offered by McAdoo, democrat, California, under which the reserve banks would retain all their gold except the <W to GO per cent profit resulting from devaluation of the dollar. McAdoo asked that Just the profi* (Continued on Page 2, Col. 2,) ONE MAN SLIGHTLY HURT WHEN AUTOS COLLIDE 'ON STREET Two automobiles collided on Second street yeslcrday afternoon. The lighter vehicle spun giddily around, turned slowly over, and finally camr. to rest, the four wheels spinning In the air. Prom underneath crawled two men, Bill Serris, of 928 Utah avenue, and Steve LaHood. At St. James' hospital doctors found Serris had a, sprained ankle; LaHood, no Injury. John Ostennan, driver of the other car, escaped unhurt. The Serris car was righted and driven away. ELECTRICAL WORKERS FIND HAZARDS AT HIGH SCHOOL All Electrical Equipment Is Dangerous, Committee Reports; Danger of Fire or Electrocution Seen. Fire and accident hazards were reported existent In Butte public high school by representatives of the Electrical Workers after an Inipectlon of the building last week. Charles at John, Frank Jovlck.atid John Dougherty looked over the wiring of Ihe building and yesterday they submitted their report. All electrical equipment in the high school, (he committee, reported, Is an accident hazard to students. Open wiring systems, open swltchei and unguarded connections may at anytlmi cause the death of a itu- dent by electrocution either through carelessness or accidental contact, they reported. The old system of wiring constitutes a fire hazard, they say. Also, no exit lights exist In the The report also states that there are no fire alarms :tn the building. There should be reveral stationed In various parts of the old building annex. Various floors should haw (Continued on Page 3, Col. 5.}