Hope Star from Hope, Arkansas on April 20, 1933 · Page 4
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Hope Star from Hope, Arkansas · Page 4

Hope, Arkansas
Issue Date:
Thursday, April 20, 1933
Page 4
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of fftafcfcft 6f SfWgari afla 6tlwif i ttf 6 MitetertSt Jtt fife »»rt *p*el«1i«inf lit -fte death of fi. k. i Morgan's rival in rtilfoad ft itorgarl Jrt* t6 buy . IVuirt and Mutual Life. fot Thomas Fortune Ryan's supplies JS&Sstt«dl a ltaft I6*ii A^WWNih. Jt to&m, teteteti by Lori arrived ahd conferred with *h*y w*t* going to ask a billion dollars, a sum never before evtn mentioned in international fi* nance. Morgan lit one of his long >la«k cigars. "Reading," he said, "I wouldn't ask for a billion if I were ,„• MS, as thfe world paused „• t*!nk of * wa* that was to Un end to many things, brought d of J. P. Morgan, He died in ; th* J&temAi City, which had i rield a> strange fascination fot . t I mantle fell directly on his son, nl J. P. Morgan, whose lory .^, p with the fitra enabled i to early on its affairs without a "\ * Strangely enough, Within a of the elder's death, the son wa to carry through a loan trans jt more than twice as large as anj ! Jus father's. AUIe's Agent : desperate need of the Allies f o Find It! Sell It! -With- .**j • f r ; irV HOPE STAR WANT ADS ; .'V The More you tell, i/^!' 1 the quicker you selL V 1 inaertigo, lOc per line " minimum 30c A "these rates for consecutive !w l insertions. ;-I <, 3 insertions, 6c per line ••" minimum SQc . r ?,f insertions, 5c per line ••, ^ minimum 90c '*•-' X insertions, 4c per line -,. (Average 5ft words to the line) r NOTE—Want advertisements ac- '^cepted over the telephone may be •t charged with the understanding : v that tfle bill is payable on presen- < tation of statement, before the first "publication. i' ;: Phone 768 «Ma^>M«hki v«^M«^ OUR BOARDING HOUSE •••^•^^•^••••••••''^•^^•^^ ' " ' • "™ OUfOUffWAY WILMAftfS view MAtf At. ., AH" fcfcM TOWL OB MINE HELP WANTED dan willing to work hard average |30 weekly selling the known Watkins Products in .' Sales training given. Write at . to The J. R. Watkins Co., 72 Ky. Memphis, Tenn. 6-13-20-27p r~FOUND JSW>tJND—New 1933 Arkansas auto- Iinobile license plate No. 62-603. Owner ^receive plate by calling at this FOR RENT FOR RENT — Two ./furnished apartments. ; ^Waihington street nice, clean 110 North 20-3t-c RENT: WeU furnished four- room apartment. Private bath, gar, age. Phone 576. 15-6tc LOST M)ST— Pair of glasses on 'Hope- M Highway. Finder return to . Timberlake, Washington, Route and receive reward. 20.3t-pd. UOSt— Between .Hope and Dykes •',-, Springs Monday night a ladies brown f , leather coat. Call Phone 374W. 19-3tp LQST—Quantity of money between home and Western Union office, reward to finder. Dale Wil- 19-3tc SALE OR TRADE " fOR SALE—1931 Special Chevrolet Sedan. In good condition. Priced reasonable. John G. Reese. Tele- Fl phone 414-J, W-6tp ' FOR SAliE—Paw of mares, one three -year old filly, one black and white Shetland pony, I pay cash for cattle. Pascal Richards. South Walnut. 19-3tp We buy, sell and trade BUILDING AND LOAN CERTIFICATES W. J, Herring & Co. Hall Bldg., Little Rock, Ark. Garden seeds, Tomato plants, Insec- .Hcides, Rose Dust, at reasonable 'prices. Gold fish minnows. Monts U-26c _ ^ FOR SALE: Remington typewriter jBjid table. Good condition. Reasonable, Mrs. W. R, Anderson. Phone NOTICE How J. f. Morgan, Sr., was cartooned at the time ot the Pujo "Money Trust" Investigation . . . . from the Philadelphia Public Ledger of Dec. 21, 1912. you. I think you'd be wiser to limit your first large bond issue to half a billion." So half a billion it was, and successfully sold in America through a Morgan syndicate o£ 22000 banks. The House of Morgan became fiscal agent for the British government, and Edward Stettinius (later to become a partner) became purchasing agent for all the Allies. Firms associated with the House naturally got their share of the fat contracts. When the United States entered the war, the government's titanic financial operations temporarily eclipsed the House of Morgan and all other privately-run banks. In 1914, Morgan and his partnes resigned 30 directorships, citing the burden of attending meetings and public clamor against them. The war over, and the United States established as the money-lender of the world, The House of Morgan again emerged. Between 1919 and 1926, it handled bond issues in the United States for Belgium, France, England, Italy, Switzerland, Norway, Austria, Germany, Japan, Australia, Chile and Cuba totaling a billion and a half. Foreign Bonds Gross profits to the House from sale o! foreign bonds in the United States from 1919-1932 were officially reported by the firm as $10,883,626. wbk.(,z mf g.j| 4)3 shrdl shr shhh s Wlx>n the German reparations fell through, it was a Morgan group (Morgan himself, Owen D. Young, T. W. Lament and T. N. Perkins) which made the readjustment and establish, ed the Bank for International Settlements. Under Morgan leadership the influence of exported American capital extended further over the Carribean, Central America and the Far East. Through Kennecott Coper, its influence was felt in the mines of Peru and Chile. Into Mexico it went with Continental Oil's concessions. Other huge promotions were in the offing. In 1920, the W. C. Durant interest in General Motors went to Morgan, and Morgan partners went, on the G. M. board. The Morgan organization of 'Radio Corporation, only recently divorced from General Electric and Westinghouse by court order, gave it a hold on the communications field, for G. E. controls Canadian, German and other European affiliates. Into the newer utilities field plunged the House, with organization of United Corporation, giant holding company. Through this company, Morgan is interlocked with Electric Bond and Share, that utility giant which virtually controls electric power in 12 foreign countries, with interests in five more. Commonwealth- SoHthern and Niagara-Hudson power, dominant in south and northeast, have Morgan connection^ Other diverse interests felt the Morgan touch. Montgomery-Ward (mail orderh) was reorganized in 1921, and Johns-Manville (asbestos) in 1927.28. In 1929 the House entered the food field and organization of Standard Brands. In each case Morgan representatives remained on the board. In 1930, as a banker for the Van Sweringens, control of Missouri-Pacific was acquired through Allegheny Corporation, another huge holding company. This road, which has just gone into bankruptcy, borrowed $20,000,000 from the R. F. C. Part of that, as well as part of other R. F. C. loans to banks, are believed to have gone to pay debts owed by the borrowers to the House of Morgan.' OF<S$A»N JUST MAKIN6 MfctVMNK — . ..,.-,,,. ,~wiid» I OF A WAF*EHQU€»fe OP ,r,,^ ,^ BEDROCK IN MA VARO,U»WN / -pop-CORN 1 ONC£ SAW J ^F?UB/—TO PAY VO FO TW TEEA & BL)R N UP,t>UfclNG A AHXL KtEP \0 ALL IN FRESW A\GS.Jr "J wi^snORfVy^THETOWN 6BERY MAWNINf AHLU FETO\ VO dVAM / WA c, coVEfcfcD WfW A BREAW=L)ST A\GS,SO FRESHij KjuR^NCW FALL OF V WONT WANT TO \Nlf*E ) -popucORN J^4. WA<& IN OFF VO CHIN BUTTER BUSINESS Reynerson, expert* dry cleaner, who has been in this business in Hope f or many years, is now in charge o) pur Dry Cleaning department You are assured of first class service at the Hope Steam Laundry. Phone & 19.3p NEXT: The Mysterious Morgans themselves, and the little-known personalities that have made the Monarchy of Money. Pa}l Robison Grocery for prices, quality and service. Phone 670. Fourth &. Washington. 18-3c LAWN MOWERS sharpened. R L. 815 West Sixth street, Hope, The fifth anniversary of the inauguration of air mail in Houston, Texas, was observed February 6 of this year. «•«•» Planes flying the routes of air line operators in the United States during 1932 covered more than 50,900,000 miles. PPERMINT OWN YOU CAN BUY £|\rt ur-r- iv u,nn>« ^«_ THE eUTTE,TC ^U1 fO A COUPLE DAVSf )/ THEN, ANT5 6OLD . ,^~~_. +>^Ls{ THIRTV THOUSAND M -^^— - v i- POUNDS IN AN S8®#:-:22 «>M »V WEA SERVICE IMC, 1-t BOOTS AND HER BUDDIES At It Again ! By MARTIN 1 VOOViOttt. WE. 60T NU.W5 SALESMAN SAM Diplomatic Sam ! By SMALL wuw RAcW, SfttAl .HeR&s AMoTrtea ^ OH. Cc^ TUJO BUCKS ouTft SefA. PAS . SOT; /ftMoTMeR G&L. csuT 4WftDD^ SP> OO(M' WITH ytSD OlWMeR. PTT OOUC-H? •-—7/ , , ,_ f>SK eftCH G-lRl., 3UST (3E.- FORG. cue. &o no, IF sue. W&SM'T - - PUTTING-OM ••'—"-• ALTPM TOTSUNB WASH TUBES Explanations ! By CRANE T6R/ MOT AT W.I. LOVM. SEUMMVT, KNOWNOj VUJKSH W*S «OT REM-pRWCe H(P AAONE.V TO Ketp IMPOSTOR. FROM SPEMDlNOj rr. BUT WWN -UV B»6r VfVRN Y 61AZES 1 . VOU P\PNT E^ECT US TO *fcouT witof mas LEWHM' } THE peopue we'P eeew LOCVCEP up ME ON Trt' TH^ONB SO'S j^ 1WLS ^»4I> NUT-HOUSES, WD HE COUUD CLEW UP fX BOKlCHrX ir LfcfSW uv r\ / iv M nwrziS <CI^\;WA T7-r—-r7 " "/i c^^y^^Wl W g^jm MERTIW, NO! j THW WlOUtP i DO. ' FRECKLES AND HIS FRIENDS ; BE r\ HERO. SNP/ eeTH\peTH, vie HP To \>0 GOT OF OA»l. Turning the Tables ! EKVHV "HNDNT RETHCUEP ME, | VP SE THE^C. NEiT. 7 .G REG. U. S. PAT. OFFj_ , VlB 1B33 BY MEA SERVICE, INC By BLOSSERl pUlCl^ AS A R-ASH, FRECKUES SEACHlrS THE /AACHIWH SUM, AS. ONE OF FARBAR'S MEN IS CAUSHT OFF HIS 60ARD.... UP WITH YOUR. HANDS.'.' VJHOLE 1 BUWCH *ri \ THE NEWFANGLES (Mom'n Pop) VJOT'S DAT DOlW 'i SIT AWAY FROM } PAT SEW IN' fe AAACHIrJE.'.' "^ •^s VES,A\El AHP DOM'T THIMK X DOMT RECOShJI^E VoU, BACK OF THOSE VMHISI4BSS.... UNTIE TMOSE SAILORS YOU TOOK OFF OF THE NELLIE M ATTA BOY, FRECKLES... 'EM, NOW ff The Worm Turns ! By COWAN „. ., PLEASE CA.U.L OFt= YOUR "DOG'. / CO^AE WE'LL K.IL-L IWV V<VTTV Wt -*». l) && © 1933 9* NE* SCHVICC, INC." ««»t> CO 1 rm** f 9 • "t ' 5 r .«.f;r A Week in Mop« ftf CMrltr fetich VOLUME 34—NUMBEU 150 (API— Mont AiutocUtnd Prttt. (NBA)—Muni Newnptptr Enterprise A»»'n. HOPE, ARKANSAS, FRIDAY,.APRIL 21, 1933 Hot* famdid 1644, it Here and There •Editorial By Alex. H. Washburn- M ACON, the Navy's 2i/ a -million-dollar sister-ship to the ill-fated Akron, took off at 6 Friday morning on a test flight over Ohio. Non-air-minded readers are amassed to learn that 10!? people could be found to make the first trip. —ft) Tile Akron disaster has ddryj a ter. tlblo service for the cause of lighter- than-air navigation. At the Lakehurst investigation, the Navy was censured for permitting the big ship to fly Into Uic race of a storm from which pricately-owned airships certainly would hnve fled. Not the Navy alone stands censured, however. All mankind Is that way. Older readers will remember the steamship Titanic. The latest work of she was declared "un- Steed Is Opposed to "Beer Session"; Bill IsPublished County Re prcsentative s Vote on the 18th Amendment Is Test Says 3-4 MILLION REVENUE Nyberg Would Grant 40 Per Cent of Total to School Fund E. G. Steed, one of Hempstead county's two representatives in the legislature, will not support the movement to call a special session of the legislature for enactment of a eer bill, he indicated Friday. Mr. Steed issued u formal statement after reading the sample bill mailed out to representatives by Leo Nyberg, Phillips county representative, in which the local man said he considered the atnte-wlclc referendum on the Eighteenth amendment July 18 to be a proper lest of sentiment for beer as well as federal enforcement. No comment was inudc Friday by L. F. Monroe, the county's other representative. Steed's Statement Mr. Steed's statement follows: "Upon assuming the office of Representative to which the people of Hcmpstend county elected me last November I took nn oath that I would support the constitution of the United States and Slate of Arkansas and render honest nnd conscientious service to the people of this state to the best of my ability. "In the regular session of the Legislature just past my record speaks for itself. I have no apologies to make to anyone. Personally. I om dry. "fiut I;nm .from the sole of my foot . to' tlftrWfc Wii •of, my head a 0emocjt»fc nnd believe in the right of the majority of the citi/cns of the State of Arkansas to govern themselves. The question of litiuor in Arkansas is so boiling hot and sentiment on this subject is running so high that many men in public office arc giving the thing a wide berth with plenty of clearance to be used in case of a back-fire. "I neither affirm nor deny that I am in this class. I voted strictly dry the session just past for one prin- nl reason, in respect to a state which enacted a bone-dry law before the passage of the Eighteenth amendment. "I favor turning the question back to the people immediately to be definitely steeled by them and when the great voice of the Democrats of Arkansas thunders out the decision on the prohibition question July 18, the argument will be over. The question will be positively settled. The mouths of the .senators and representatives will be closed on this subject and all that will remain to bs done will be to scatter the flowers on the victors, wet or dry." Text of the Bill The text of the Nyberg bill, mailed out when the Phillips county man began his poll of representatives and senators, and now held by the two local representatives, proposes the following: 1. Lcgali/.c 11.2 per cent beer and light wines, with an excise tax of 5 cents per gallon wholesale before any is made. A retail tax of 1 cent per pint on bci.'r and wirte in bottles. ". A state license of $100 for every wholesaler, distributor or jobber. 4. A privilege tax of $'i.) for every retailer. (Continued on page three) Famous Oration Is Presented Rotary Henry W. Gwidy's "The New South," Declaimed by Willis Smith Willir, Smith, winner of the local declamation contest and who will represent Hope in the District 10 con- tett, delivered Henry W. Grady's famous oration "The New South," to members of the Rotary club Friday ut Hotel Barlow. Young Mr. Smith rendered the paper in superb fashion, the famous tribute of the Suuth's greatest editor tc her faith and courage in rebuilding fler being all but wrecked by the 'ar between the states. Dick Watkins was introduced as a new mi;mbcr of Rotary, taking the classification of "cotton merchant." He is the junior member of the firm of Henry Watkins & Son. A .A. Albritton, of the Bruner. Ivcry Handle company, formerly of Hcber Springs, Ark., now a resident oT Hope, also was introduced, as secretary of the Heber Springs Rotary club before his removal to Hope. J. K. Sale, manager of the gas company and new chief of the fire department, was' another guest. Bands played. Passengers and crew celebrated as she steamed out into the Atlantic on her maiden voyage. "Unsinknble"? Yes—until she met an iceberg. All things that men build, nature con, and sometimes does, destroy. The Navy has a new airship. Perhaps she will keep tills one safely above the destroying waves of that old hungry "davil" the sea. XXX The argument over light wines and beer for Arkansas is brought home to Hempstcad county today with the statement by E. G. Steed, one of our two representatives, that he is opposed to the calling of a special session of the legislature. Mr. Steed thinks the people should have the opportunity to vote on the beer issue. But this writer takes issue with his statement that the referendum on July 18 will be a referendum on beer. It will not be. The people of Arkansas July 18 will vote on the legal question whether or not prohibition is to remain in the federal constitution. No matter how the vote goes, it will have no effect on Arkansas under present state law. XXX A great may people, including this writer and this newspaper will vole for repeal of the Eighteenth amendment—but will refuse to participate in the agitation for beer. The Eighteenth amendment concerns the law and the morality of the whole nation. "Three-poinl-two" concerns Arkansas directly—and therefore is something else, to be decided separately. Agri. Credit Board Fears a Default Needs $100,000 Loaned to Legislature ,to Meet Own Bonds LITTLE ROCK —(/P)— The State Agricultural Credit Board Friday instructed Secretary Steve Garwood to prepare a statement showing the possible effect of a $100,000 diversion of its funds by the last legislature, after it had stated that the September pay- rnens on agricultural credit bonds might be defaulted unless the $100,000 was repaid. Garwood said the borrowing of the $100,000 by the legislature to complete the state hospital at Bcnton would leave the board $83,000 short of $154,- OOOdue on principal and interest of the bonds maturing next September. EdWliams'Car Stolen on N. Main Theft Reported to Local Police Friday Morning —Vanished in Night Automobile thieves Thursday night stole a ear owned by Ed Williams, local cotton buyer, from'his home on North Main street. The car was taken from in front of the Williams home. The theft was not discovered until early Friday morning when Mr. Williams started to work. Police said Friday that no trace of it had been found. Officers were without clues. The car was a 1928 model Chevrolet four-door sedan. FLAPPER FANNY SAYS: ma. u.». PAT, orr. A girl can't cut much of u figure at night and keep her balance next morning. b»l\ lt «, PRICE ADVANC _. .. . ,, Wilson Arrested on Bank Charge _^___ a , - -• . .- -. ....'......• .. ; • • -' VTy Ex-Lt. Gov. Placed Under $5,000 Bond by Camden Judge Indicted for $25,000 Shortage as State Liquidating Agent DIRECTElfT BANKS Assumed Liquidating Job While Still Lieutenant Governor CAMDEN, Ark. —' (/p) — Lawrence E. Wilson, former lieutenant •governor, was arrested by Sheriff Ellis Friday on charges of embezzlement contained in an indictment returned by the Ouachita grand jury Thursday. The charges ^rew out of Wilson's liquidation of three closed banks in i this county. Wilson furnished bond of $5,000 and was released. Mrs. Fannie D. Simmons .former city treasurer of Camden, also was arrested on two embezzlement counts in connection with an alleged short- ngo of $20,000 in city funds while she wns treasurer. Mrs. Simmons was released in bond of $1,500. Trial In October Both Wilson and Mrs, Simmons were arraigned before Circuit Judge Britt and their" trials set for the October term. Wilson was defeated for renomin- ation for lieutenant governor in the Democratic primary lasjt August. He resigned as liquidating agent for the three 'tJ'u'acKlla*' county closed banks last November after Slate Banking ^Department had made public alleged shortages approximating $25,000. Indictment Was Rumored CAMDEN, Ark.—Lawrence E. Wilson, former lieutenant governor, and Mrs. Fannie D. Simmons, former city treasurer of Camden, were indicted on charges of embezzlement by the Ouachitu county grand jury Thursday, according to unofficial reports. While neither had been arrested it was said their attorneys had arranged to make bond for them Friday. The grand jury was said to have returned nine indictments in connection with nlleged shortages of approximately $30,000 in the accounts of Mr. Wilson as liquidator of the defunct Ouachita Valley bank of Camden, the Louann State bank of Louann and the Peoples bank of Stephens, all in Ouachita county, and an alleged shortage of $19,934 in the accounts of Mrs. Sim- Moved to Tcxnrkami TEXARKANA.—Former Lieut. Gov. Lawrence E. Wilson moved here several weeks ago and has a law office on the third floor of the Stale National bank building, on the Arkansas sick- of the city. He has an apartment at the Plaza, a family hotel on the Texas side, but the manager said his room has not been occupied for the past two or three nights or longer, lie has not been seen at his office in several days, and is supposed to be out of the city. British and French Taken by Surprise Currency Manipulators Find U. S. Can Play Same Kind of Game LONDON. Eng.—Blang astonishment flattened London Thursday when it woke up and read that America had taken an overnight flight from the gold standard. I'resiilcnt liuosrveH's action was so unexpected that the immediate British reaction wus one of suspicion. The duy was spent in a confused search for the reason. It was concluded in some quarters Roosevelt is trying to rip up Frime Minister Ramsay Mac- Douald on his way across tre Atlantic, the second reaction was of concern for Great Britain's export trade which enjoys an advantage through the depreciated pound. As far as the dollar-pound ratio is concerned, there was the assumption that the exchange equalization fund, which had been granted $750,000,000 (at par) by the government to hold the pound on a level keel; would be brought into action so as to keep the dolar up. Well informed financial observers wrote of the possibility that the fund would be expended to $2,500,000,000. These high reserves would be thrown into exchange market to depress the pound as the dollar fell. (Continued on page three) Morgans, Mystery Men *•* ' V v f . . Prices Dip a Bit in Trading Friday Temporary Lull, But They Hold Most of Week's Advances NEW YORK.— (ff>) —Profit - taking turned stocks and commodities downward Friday while the dollar rallied strongly in terms of foreign currencies. The markets were still very active, but new buying was insufficient'to absorb the amount of selling that was offered. Shares diped sharply in late dealings after wheat had closed with losses of about 1V4 cents a bushel. The utility issues turned heavy and rails, which had whirled up to $1 to $5 on the opening, saw advances dwindle rapidly. Cotton closed 5 to 25 cents a bale lower at New Orleans, and unchanged to 25 cents a bale higher at New York. 'Stocks closed with approximate losses of $1 to $5 a share, but somewhat above their lows for the day. The turnover exceeded 5 million shares. One of the four principal .homes of J. P. Morgan .... the' old- fashioned family mansion on New York's Madison avenue . . . below, the magnificent yacht Corsair, much used and enjoyed by Morgan ... ' who Is shown at left in informal moment; : ! ' ' •''''••'. -A ••' ' ' ' Twice Assassin Has Struck J. P. Morgan 'In 1915 a Madman Shot Him in Abdomen, 5 Years Later Another Hurled Bomb Into Banking House—Morgan Most Jealous of His Business Reputation Holdup Suspect Is Arrested in Hope Chief Baker Returns Robt. Wagner to Texarkana Police for Quizzing Robert Wagner, 19-year-old suspect In two recent Texarkana holdups, was arrested here Thursday night by Chief of Folice Clarence Baker. He was returned to Texarkana by R. W. Tur- quette, Miller county sheriff and Police Officer Marlin Giles. Wagner has been sought for the past several weeks in connection with the robberies of A. A. Staley store and the Miller Realty company, both which netted bandits about $400. He was arrested Thursday night on a carnival ground here after Baker received word that Wagner was boasting of having "put the horns" on Texarkana officers Wednesday night. Wagner eluded officers at a Texarkana revival meeting when he became alarmed at the approach of a police car. Officers said Wagner went to the revival meeting to accompany a young woman to her home. When arrested here Wagner was wearing a silver wrist watch, and a wallet was found in his clothing, both of which officers believed were stolen. Wagner was to be viewed Friday in an attempt to identify him as one of the bandits in the two holdups. Today's Statgraph WHEAT PRICES? FOR A YEAR Macon Takes Air With W Aboard N e w G i a n t Airship - - Is Launched on 11-Hour Cruise for Testing AKRON, Ohio — (fl>)— The U. S. S. Macon, successor to the lost Akron, soared through the air 1 Friday on her maiden "shakedown" flight. preliminary to winning 'the- Navy's okeh. The giant airship the world's largest, catried 105 persons including 11 officers, with Captain Alger H. Dresel in command, 8 members of the .naval board of inspection under Rear;, Admiral George ~C. Day, and 31 engineers ,and inspectors;of tne Ooody"--*••— "iteYifc'co«nJ&ariy, its builder* • After the Macon had been afloat an hour, and a half. Captain Dresel radioed' orders to dismiss' the ground crew until 5 o'clock Friday afternoon, indicating, that the ship would remain up 10 hours. She took off at 5:59 in the morning. The Macon is a sister ship of the Akron,'of identical size and construction. The Akron cost 5 million dollars to build, the Macon about Wi millions, due to the fact that the earlier ship absorbed much of the preliminary expense. The Akron was slightly overweight —about 7 tons—when completed; but this did not affect her sea-worthiness. The fact, however, was noted before construction was well under way on the new Macon, built after the Akron had been thoroughly tested in flight. Editor's Note: This is the fifth of six stories on the House of Morgan, soon to be subjected to senatorial inquiry. BY WILLIS THORNTON NEA Service Writer NEW YORK—In the somewhat rusty section of Madison ayenue where it climbs the gentle slope of Murray Hill, there stands a three-story stone house, solid, massive, but nowhere nea ras magnificent as many newer New York residences. It is the home of J. P. Morgan. —S At the next corner stands a still smaller, dun-colored stone house that was formerly the Morgan home, and adjoining this on 36th street is a small gem-like marble art gallery. Parcti- cally the whole block has been bought by Morgan to protect the surroundings of the art gallery, which he has opened to the public. Morgan, as president of a civic association, works hard to prevent encroachment of trade on old Murray Hill. That struggle is like the one he carries on in banking to prevent the public from encroaching on what he considers his private Suspected Robber of Bank Is Held Lewis Sadler, Wounded, Returned to Arkadelphia for Examination MENA, Ark.- (/P) —Suffering, from two bullet wounds which Sheriff Tom Tolleson of Clark county believes were inflicted in a gun battle between officers and three men who robbed the Citizens National bank of Arkadelphia last Monday. Lewis Sadler, 22, was being returned to Arkadelphia B'riday to be viewed by bank em- ployes. Sadler was arrested at Wickes, near here, Thursday night, and was taken in custody by 'Sheriff T.olleson, who said he believed the prisoner to be one of the Arkadelphia bank robbers. "Jake the Barber's" Son, Kidnaped, Freed CHICAGO — (/Pj — Apparently unharmed, Jerome Factor, 19, son of "Jake the Barber" Factor, internation. al speculator, who had been held captive by kidnapers for $50,000 ransom, was freed early Friday at his mother's apartment in the Rogers Park dis- professed that he didn't know trict. He where he had been held since his abduction a week ugo last Wednesday night. The elder Factor said no ransom was paid for the release of his son. business. Few notice the Morgan homes, so dusty and old-fashioned. But if you should observe, you would probably note a couple of men lounging about the stone balustrade that leads up to the front door. They are guards, and they are part of the price of being J. P. Morgan. You would find them also at the great rambling country house on Mat- inicock Point, near Glen Cove, Long Island, at the towered Wall Hall in Hertfordshire, England, or at the small modern brick house in Grosvenor Square, London, should his beautiful black yacht, Corsair, have carried him (here. The Corsair is the newest of a long successions of Corsairs built for the Morgans, who have been yachtsmen and oarsmen for three generations. Two Attempts at Murder The guards are no useless show. There is actual physical danger in being head of the House of Morgan, and the present incumbent has met it at least twice, without fear. In 1915, a madman forced his way into the Glen Cove home and confronted the financier with a wavering automatic. Mor(Continued on page three) Bank of Foreman Is Robbed Friday 3 Men Hold Up Institution and Kidnap H. Free- Cashier man. Three men held up and robbed the Bank of Foreman shortly after 3 o'clock Friday afternoon, kidnap- ed the cashier and escaped In a gray Chevrolet sedan, They got $3,500. The robbers entered the bank at closing hours, scooped up all available cash and forced Henry Freeman, cashier, to accompany them. Freeman was released unharmed about four miles north of Foreman, The bandits apparently were headed toward DeQueen. At 3:15 o'clock Friday afternoon bank officials estimated the loot at $3,500. Alienists Believe Mrs. Judd Is Sane They Find Condemned Woman Know* She I* to Die, and Why FLORENCE, Ari.-(/P)-With her life at stake, Winnie Ruth Judd, 28, blonde confessed slayer of Agnes Anne Leroi and Hedvig Samuelson, heard state alienists testify Thursday that they believe she is sane, knows she is under death sentence and knows why. Dr. Joseph Cation, San Francisco psychiatrist, said she is "suffering from the neurosis of the condemned." but he did not think her condition satisfied the legal definition of insanity. Unless the jury of 12 men in her lunacy hearing decides Mrs. Judd is insane, she will be hanged at dawn April 28 at the state prison here. Committee Gr Approval; Premier MacDonald Land. York for Parley ... Roo.cvdt "f,V A MAKES BOL& Doein't Affect U , Say. Like Gentli Congress stepped, 6ft% path of controlled Friday with fast appr the senate banking' of the Thomas, plan ,0il on President Roosevelt^ ers for vast credit and;i cy expansion. The committee acted in,,less-^ three hours, so that the senate'/ start its drive to atach this dented program to the farm r On the senate floor die-h publicans banded together to' step by step, hoping that the't on its significance would swing;'i lie sentiment gainst it. \^' The Thomas 'bill was introdu the house by Rankin, flationist, at the same time homa senator-author was it in the senate'. ' Once the} senate accepts tt,\ approval is regarded as certain.,: MacDonaM Reaches U. NEW YORK.-(.., __^ America, to help map the^c for a world war'against - *-' ed "unmerited poverty," ister Ramsey MaeDonald.-- < Britain, said Friday abandonment of the gold i fects England "riot'at all so; f _ fe ^ eanwhile, advices France in mid-ocean Premier Herriot, , of, France^ bewildered by the -situati adopted a policy of "wait aiid ; Reduce Dollar's CM* WASHlNGTON.An American ;'eco nomic dictatorship unparalleled in L "' annals is proposed in the administration's > inflation bill duced in the senate late Thursday. Under the terms of the measxire 't object of which is to raise prices-, and . promote stabilization world monetary standards, the dent would ' be enabled to credit, inflate the currency and; duce the gold content of the dollar .J The 'measure • was offered ' amendment' to the pending fr ,., ? . lief bill which itself confers .upbnj executive autocratic control' of production and processing of A agricultural 'commodities, with powers to reorganize and red' the scope and expense of federal ernment arid with control of' banks and gold stocks, already ferred upon the executive, with projected control • of industrial pro-? duction, wages and hours of labor, proposed in another administra'" bill, and i with control of production, the inflation bill fits a program for making Mr. Roose' a constitutional dictator empowered; to recover prosperity for the country, by heroic means. ' Salient Points of Measure -, The administration inflation bill ,jprovides: For expansion of credit up to 000,000,000 through purchase of ernment obligations by the ~ Reserve: banks. As an alternative, for inflation of V the currency by issuance of green- f backs up to $3,000,000,000 under the 09$' of 1862, such currency to be legal tos* < der for all debts public and private, , , For use of such greenbacks to meet maturing government obligations and to purchase government obligations. For retirement of such greenbacks * at the rate of 4 per cent a year. For reduction of the gold content of the dollar not moie than 50 per cent for the purpose of pi electing Amen, can foreign trade from the effects of depreciated foreign currencies and to enable the president to negotiate afl international agreetment stabilizing monetary standards. For acceptance of war debt pay* ments up to an aggregate of ?iQQ s 000,000 in silver at a value of not more than 50 cents an ounce. For coinage of such silver and 4e» posit in the Treasury for redemption^ of silver certificates issued against it, such certificates to be used for paying obligations of the United States. Coming upon the heels of the strict embargo clamped on gold exports foreign exchange to the detriment of. foreign excange to the detriment «| American economic conditions and upon the eve of the arrival of PriHie. Minister MacDonald and opening of the White House negotiations with European powers for economic reforms, the suden decision of the administration to embrace an outdgbt inflationary program was viewed on. (Continued on page

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