Hope Star from Hope, Arkansas on May 8, 1933 · Page 1
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Hope Star from Hope, Arkansas · Page 1

Hope, Arkansas
Issue Date:
Monday, May 8, 1933
Page 1
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„"•>'. 6 l«M Mr •*> FOUND |v "' P^Vs , ¥*&.'>/ A'WVOAMNG, Ar^tSTVtUflWOTONB NATL. MAK SWnON; A NEW LOW TKMPCftATURt RECORD POft THC UNrtttO STAtfcf U*S AMOfc fff.9 1*4 KINDS or rooo, FROM ALL WUttS OF THE WORIO, ARK RESUMED FOR THE MENUOFTHECREATURtS AT T>« BRONX ZOO/ Columbus .Saratoga- High "School baseball club to Columbus Wednesday after- and trounced the local nine to a of 7 to 4. Fewer errors were 'ia this game than in the game j£t&£ clash between the teams a week The score-was three all at the I the last half of the 7th Inning Saratoga came back and knock- lum for 4 runs in eighth, taled another score but ?could not overcome the big lead. Wes- J-Jey Cowling made a home run for .Saratoga in the first inning. fjiColumbus High School* freshman /Class' motored to Red Lake Tuesday 'tar' a picnic. The class was accompanied by Jaunita Calhoun, Ruth *Xftamas and Hugh Bristow who were Lunch was served at 1 o'clock, rthe class'and sponsors returned fishing and bathing trip Miss and Miss Calhoun served eats. . ,_rt3r left the lake at 5 o'clock ^wnxs. Everyone enjoyed, the out- jff"|nd reported a good tune. 'ifiis. E. M. Evans and Clarence El- __t w o£. Garland spent last week end |»ntK'relatives and friends here and Pastor Missing With Co-ed, 20 Rent It! Find It! Uiy Kit Sell It! &y , -wth- HOPE STAR KANT ADS i » The saore you tell, The quicker you sell. 1 insertion, 10c pei: lia* .minimum* 30c • These rates for consecutive insertions. < 3 insertions, 6c per liar minimum SOe (insertions, 5c per lin* 2C insertions, 4c per lint minimum ^31? (Average SVt words to the line) *M O T E—w ant advetfisemenU ac- TCepted over the telephone may be .'charged with the understanding that toe bill is payable on presentation of statement, before the first •publicatioa. * - Phone 768 gHj*gg2«MM^« M * M * MMMMBI )ING HOUSE <U . tO,lta*f -POWER/ THE MOTOR TAKEN F. PLANE THAT _ SAJt> «T WA&f Mfe A BOMBING ItANfe. BOMBS YOU ONE OF KACK&t I'VE V4EKRD ON CYLINDER EXPLOSION AHERN OUT OUR WAY V ,«W Pi 1 *'- YJV" * v. BOOTS AND HER BUDDIES Wise Guy ! A ouo one., PoT AU- iw f AN WANTED Whip-poor-will peas, sorghum molasses and sweet potatoes. Cash or trade. Boswell Bargain Bouse. 207 South Main, &-3 FOR SALE fs'1 •Model A Ford coupe, 1930 model. Motor in Al condition. Tires good. Terrel Cornelius at Hope Furniture CSpiQUfisny* Call 5. • ' 5-3c Look" Certified Porto Rico and Hancy Hall sweet potetop lants now ready. 500 for 75c, 1000 for $125 and 5JKO tar $6 post paid. W. H. Rhodes, McCaskiU, Ark. 3-6p .. Extra fine super acid phosphate in iV' cotton bags at $15.65 per tern. See me *" before buying, Bennie Shipp 3-6c MSzlOO feet. With North and approach. West Third street. For S station. Phone 142-w. 2-26te „, O-Too-Tan, Velvet Beans, Sagrain and Cane teed and Ornamental gold fish and sup- Monte Seed Store. 1-26 A love triangle. In •which a pastor's wife and the "other woman" shared his parsonage, has been climaxed- by the disappearance of the Rev. Sharon Inman. 35, a.nd Miss Ezie Holdridge, 20, college student, at Springfield, Mo. Mrs. Inman, shown above with her husband, said she asked Miss Hold- rldfie to share her home "so she might see Sharon with his two children." attended commencement exercises of the High School Mr. and Mrs. R. C. Stuart had as guests Sunday Mrs. W. B. Booker of Texarkana, Mr. and Mrs. C. C. Stuart, Miss Roberta'Stuart and Buddy Stuart of Washington, and Mr. and Mrs. David Wilson. Rev. David Shepperson and family of El Dorado spent'the week end with Mr. and Mrs. E- J. Shepperson. Mr. and Mrs. J. A. Williamson of Shreveport were week end guests of Mr. and Mrs. J. S. Wilson Jr. Mrs. Dick Milam of Mineral Springs spent the week end with Mrs. J. M. Holding, Mr. and Mrs. P. R. Booker and Miss Mary Autrey were guests Sunday of Dr. and Mrs. J. R. Autrey. Mr. and Mrs. C. W. Wilson and children of Hope are the guests of Mrs. J. S. Wilson. Miss Noel Levins of Washington is the guest of Mrs. Joe Wilson- Mrs. J. H. Sipes is very ill at her home here. NOTICE 'TLAWir MOWERS sharpened by *' Brindin* B. J* Taylor. 815 West Sixth gBGt, Hope, Arkansas. - 5-26 There are 330 parishes with 600 clergymen ministering to over 2^00,000 persons under the Bishop of South- wark, England. WR 1C LEYS GUM KlfM.YOUft 1 rASTE FRESH M-IM SALESMAN SAM He Knows His Own ! GVOW U 6VOE.OW GORDON'."I '" ^^ Bv SMALL I I'VE. DOG- UP UJTSft IUCUU. t-e»c CT<JSH =?fi*.«=.:=>. \ MC. vw «Ji- fcjwiv=t»v \TMI*V» «M . HASH HOUSe SOUP BUT THIS SURE (S Pi MECOOME. OW f\E\ WASH TUBBS , UOOK HERE'. \ 7UST FOUMO • fs COU-ftfc- BOTTOM IM CA"/ SOUP\ in TUts sTRP— SE.ICAKH ARTMU/G ' L£Bf\T-TLOHC\ INKKPM POST; BRICKS, taitj- COBBLESTONES. SCOOP - There's Still Hope! By CRANl KSH ANO EI^SV OF T 3 Tb S M6ARS ARP A \UHMER; PROS- THE O NP W«KT A M»SERABl.e PROSPecT IT IS 1 . THE WORK \S PK«WEROUS, HARP, MONOTONOUS. THE FOOp IS SlCKEMm&. THE FORECASTIE IS REG.U.S.PAT.OTF. C " 9: > 3 "* "« StRVKC IHcT?.- FRECKLES AND HIS FRIENDS Best of Friends Must Part! By BLOSSER WWTLLHE: HEARS WHAT AND GALEM GET ALL ESCCITED, TEUJW& £ALEM'SC* ASCOT THEiE E*PEC4a,e ,..„. ASiO WE MUST BE. LEAVING ) A>VE-AVE.J } WHILE. THE BOYS ARE MOW^M— GOTTA' rt IT'LL BE { SAViWG GOODBYE., TO. PICK UP A LOAD OF /( HARD FOR J GO AMD RADIO THE R5H,MJD6ET IMTO ) > VOU KID5 ) AUTHORITIES AT SAM PORT. s-^s \ TO PART < PEDRO TO EXPECT THAT SU5MARIME. : WAIT'LL SAY GOODBYE. TO FRECKLES PIRATES f «3. r**\,. fa XV \ TT * \ (j-*^^ "»• ^^.f/''''^ — ~7-/ \ ' ypf.y- THE NEWFANGLES (Mom'n Pop) All in a Meal Time ! By COWAN . FIND OUT SOOM ENOUGH-AMD TRVCK RUBBER COR*S,TO BOTVLtS.ARE GREM. 1 AKD AMD, WANE VOU \OUR SORWUV-A, "? ^\ -rubCT YOU BEUBJE THAT n- T.AVOES AU. fej ' v ' '. , 5V*.', r /. W ;V,-' •H^I " 'f^'-fp • *&•, ty,- A W**k In Hop* ftf drifter Mefc (tatuttftf VOLUME 34—^NUMBER 104 itliriiiiiiiiiimtliTriHimt, i nfrr y i, n^ii fron ii'im.T iiiniil i- • - •-•••• *"w%m*%\w "* a /* i * * s ;*f* ** ' \ J «i . ,• w *f. tl^rirr?',s IF ., ; ' ii T, ? vwf^e«PJr 1^ ( t ( '^ % ' » ,' %>r*t iv^fefi.^^% flM A y 4 / / ^ ,V ^<£ y «Ad cattiit V' W (NBA)— M««rit Prm. N«w»p«p»t Enlerprl«« At«'n MOPE, ARKAN$A$ : MONDAY, MAY 8,1933 Sttt Of CAHtMidiMct M H&pt r II, ere and There -Editorial By Alex. H. Washburn- H ERE'S how a negro congregation in New York City, dedicating some stone statues to St, Benedict the Moor, decided whether the angels sh6uld be black or white. As Ed McCorkle tells it: "I*» decorating the bQilding It wa* .—: : 1 (T planned that there be included several figures of angels. Part of the congregation took the position that since in heaven nil were to be white, these figures should be white. "Others saw in this course a lack of consideration for St. Benedict, who was a negro. Thus the controversy. "The dompromise was apparent' when those visiting the church later viewed four little angels with beatific countenances, three white ones dressed in pink, 'and One brown one dressed in blue." XXX The sheriff tells us this will be the last week to pay taxes without extra cost. The-10'per cent penalty has been waived by the state until June 12. But. unless the supreme court invalidates the delinquent tax list publication, this will be charged after Saturday night, May If, The supreme court should decide for or,against the land list by next Monday, May 15. Meanwhile the state press association introduced and pass, ed at the last session of the legislature a bill cutting the land list fees from 50 cents a tract to 25 cents. The issue, therefore, is whether the saving to the taxpayers will be 50 per 85c a Bale Loss on Cotton Monday; Reaction Over-due July Contracts Fall Off 17 Points, Closing at Price 8.42-43 TONE TURNS WEAK Stock Marke Loses Ground Slightly as Dollar Picks Up Abroad The expected reaction in the cotton market occurred Monday when July contracts sold off 17 points, closing at 8.4243 a drop of 85 cents a bale. The opening was weak, and although Ite* market rallied just before noon, JIRj.60, against the previous close of 8.59-62, it fell off ngain in afternoon trading to close for a net loss. Traders were of the opinion that n substantial amount of realizing of profit-taking wus over-due, and believed Monday produced the expected break. Stocks, Grain Slip NEW YORK—(#•)—Slocks and grain, irregularly lower in late trading Monday when the American dollar displayed rallying tendencies in foreign exchange markets and French bonds slumped. "•'The losses were not severe, although several of the leaders were down a point or morc<at the finish. Transfers approximated 3,100,000 shares. •" Cotton closed at declines of 85 to 95 cents n bale at New Orleans. Weekly Cotton Review, MEMPHIS—(U. ? :; S; Dept. Agricul- ture)—Cottoa-prir.ei.dU^ing.ih£L.pci;ipd April 29-May 5 toritinued to advance and on May 5th were about Ic per pound higher than for April 28 and about 2% higher than for the corresponding period a year ago. Demand for spot cotton both in domestic and foreign markets was staled at moderate with buyers inclined to reduce their buying basis and sellers rather wore milling to sell at prevailing prices around 8c first cost. 'jjjjBuyors continue to be more inter- {Kipcl in immediate shipments witii forward shipments more or less neglected. The medium grades and lengths of staples appeared to be mostly inquired for. Inquiries for new crop shipments were stated as rather insignificant. According to the Weather Bureau for the week ending May 2nd recently planting of cotton has shown more activity than formerly though generally speaking weather and soil conditions continue far from favorable for rapid progress and poor to only fair advance in seeding is the general rule. This work is unusually late in most sections, Of the apparent supply of American cotton remaining in the U. S. on April 1st which amounted to about 12,800,000 bales, there were located at public storage nnd at compresses about 8,099,000 bales and 1,300,000 at mills, the remaining 2,700,000 bales representing stocks elsewhere, including stocks on farms, interior towns, in transit, etc. Average price middling 7/8 inch as :-.VMannilcd from the quotations of the JCn markets may 5th 8.3Gc compared 7.27c April 28 and 5.58c for same day a year ago. Reported sales of spot cotton by the ten markets for the week were quite large, amounting to 113,237 bales compared with 82,841 previous week and 30,871 for corresponding week of last season. Exports to May 5 this season amounted to about 6,600,000 bales or about 900,000 less than lust season for the same period. cent or 100. If the publication is effective in helping to collect taxes on time, it should be retained. But if it is to be regarded as a political football it should be abolished. The commercial newspapers of the state followed The Star's lead at Helena, Ark., last June, in agreeing to a drastic rate reduction, but at the same time demanding that where government spent money holding firm most of tho day, lurned_f O r advertising It should spend it with papers of proven circulation. County officials everywhere have it in their power to save the land list publication by handling it on a business basis —if it is of demonstrated value to the government—and if it isn't, then it ought to be dropped. XXX A Washington dispatch today tells us that congressional leaders have solemnly warned Mr. Roosevelt "congress never will stand for war debt revision or cancellation." It is the opinion of most Americans that congress -will .stand for anything, if the people, ttnd the president want it. -•••*A^itl -iMs^'-Ron^VOltr. after, a close survey'of the foreign situation, determines that the best interests of American trade will be served by revision or cancellation, then that's what it will be. I am told that a certain South Arkansas congressman always addresses his audience, "I told our people during the .war to, buy Liberty bonds, and now, by heaven, -the foreigners have got to pay." That's what the insurance companies say when they are closing out some poor devil of a farmer. Today we are attempting to practice co-operation. If we can -write off the balance of the war debts, and turn that much money toward the purchase of wheat and cotton, then that's what we probably will do. The East wants debt cancellation. Well, the East pays most of the federal taxes anyway—and if they figure it is good business, and want to pay for it, it cctrainly i will be money in pocket to the growers of cotton and wheat, who pay less taxes, and who profit more from the rise of raw material prices. Securities Bill Is Passed by Senate Roper Declares Rail Measure "Holds Fate of Carriers' Future" WASHINGTON—(/P)—The senate Monday passed the securities regulation bill, which aims to make the seller responsible for all facts contained in his prospectus to buyers of stock ,^ii-es and bonds. Rail Bill Autlined WASHINGTON—(#>)—Outlining the manner in which the administration expects President Roosevent's railroad plan to work, Secretary Roper of the Department of Commerce told the house commerce committee Monday that "upon the result of this measure depends the future of railway transportation." The purpose of the bill, he said, is to assist the railroads to help themselves and it is "essentially experimental." Battlefield to Give Benefit Play Friday A play benefit will be held at the Battlefield schoolhouse Friday night, May 12, at which time two plays will be produced. The proceeds will go to the purchase of new songbooks for the Battlefield church. Legion Auxiliary to Hold Session Monday The American Legion Auxiliary will meet Monday night at 8 o'clock at the home of Mrs. Carter Johnson, 618 East Second street. Several important subjects are to come up for discussion. All members are urged to attend. FLAPPER FANNY SAYS: REG. U. 8. PAT. OFF. Cue* The Girl who bats around in fast circles has to leam to take the bumps. I^astWeektoPay axes; Penalty to ApplyAf ter 13th Delinquent Publication Costs Depend on Test , .Case in Court THE LIST IS COMPILED Sheriff Will Turn Over List to Clerk Next Monday With the annual delinquent tax.list now in preparation at the sheriff's office at Wash- irton, Hempstead county taxpayers have only this week in which to pay taxes without penalty or costs, it was announced Monday by John L. Wilson, sheriff and collector. Although there is some uncertainty as to whether the tax list publication must be made'by law this year, the supreme court will make its decision probably next Monday, May 15, and meanwhile county officials' are compiling the list as usual. The list will be sent to the county clerk Monday the 15th, on which date :he publication costs will be assessed, Tho 10 per cent penalty for late- saymcnt, due May 8, has been waived ay the state until June 12. Sheriff Wilson said that to date approximately 2,600 taxpayers have paid, which is about 1,000 short of 'last year's figure. Tax List Case Submitted LITTLE ROCK.— (fp) - The Union county case testing the validity of a provision of the 1933 general salary act Which eliminated publication of the delinquent land list was advanced Another, week and taken under advisement rly the Arkansas Supreme' Court WtfridlryjJfor deciBlon^rrihibly -Hex* Monday, Miy 15. , , The salary" reduction, features of the act were ruled invalid by Attorney General Hal Norwood, in an opinion reciting that the act was virtually 75 local acts applying seperate procedure to each of the counties, and therefore invalid under a constitutional amendment forbidding the legislature to pass local laws. But the attorney general held the single section applying to the land list publication to be valid. Marked Upturn in April's Business Steel and Autos Blaze Way —Price Index Jumps From 60.1 to 60.4 WASHINGTON. —Confidence has been temporarily improved in this country, both by "strong government measures to meet the emergency and by prospects for the world economic conference," the American Federation of Labor said Sunday in its monthly survey of business for April. 'Steel production, which fell to 15 per cent of capacity during the crisis, it said, rose to 29 per cent by April 29 and automobile production, which had dropped to the low mark of 11,000 cars weekly, jumped beyond expectations to 49,000 late in April. "The price decline has bsen checked by ending the strain of keeping our currency on the gold par," the federation added. "Prospects of inflation have tended to start buying and to raise the general price level slightly; the wholesale price index has risen from GO. at the first of -Apri Ito 60.4 in the week of April 22." "These favorable factors," the federation said, "have put several hundred thousand men back to work" but it warned that after the spring season was loved it was probable that business would continue downward unless government measures turn the tide. "Deflation forces were still at work," it said, "and the' situation Is too uncertain to start credit flowing to business from the banks." The federation characterized the president's program as a vigorous one to check deflation, relieve debtors and put men back to work. Robbers Haul Off Safe With $5,000 Three $l,000-Bills in Loot Taken From Twrrell (Ark.) Store TURRELL, Ark.— (ff>)— A huge safe containing $5,000 was hauled from Mengarelli & Sons' store here early Monday and found by officers later in Big creek, five miles away, apparently broken with a sledge-hammer. The loot included three ?l,000-bills Bulletins POONA, India.-(/P)-Mahalirm ' Gandhi was released from prison Monday night-a few hours after he had started an unconditional Attt to last three weeks which he d*- clared would nof terminate even ' If every temple Svcrc opened to India's "untouchables" and the Main of untouchabliity wholly removed. His followers feared • 1iB would not survive the fast. •''_'• WASHINGTON-(/P)-<iast«i*B. Means and Norman T. Whitaker went on trial In District of Columbia court Monday on charges ,of ' conspiracy growing out of "the ; Lindbergh kidnaping. JONESBORO, Ark,-(A>)-Four persons were injured, hone seriously, In a tbmadlc disturbance which levelled 12 dwellings and '2 schooUiouses and damaged crops In Crolghead and Polnsett counties Sunday, tabulations here re? vcalcd Monday. ' • ' COVINGTON, Tcnn.— (/P)— Five dead and 35 Injured was the toll Monday in a tornado that swept Tipton county Sunday. The dead arc: Stanley Devercll, 3, and three! negroes. •'••' ' "" Gordon Peay Dies v of Auto Injuries Worthen Bank Head Succumbs Month After- Mississippi Crash LITTLE ROCK.— (/P) -Gordon N. Peay, 65, chairman of the board of W. B. Worthen company, bankers, died early Monday as the result of injuries received in an automobile' accident near Glass, Miss., a month ago. ;)He failed to rally from an emergency operation Saturday. W. B. Miller,, a vice-president. of the, 'pld; ynipni Trust companx^tjittle* Bock,> was killed in the same accident; and Mrs: Miller and Mrs. 1 Peay were seriously injured. Mrs. Feay is still in a Vicksburg (Miss.) hospital. The party was en route from Natchez when the Millers' car was forced off the highway into a concrete bridge to avoid collision with a negro's car. Arson Suspected After Negro Fire Neighbors See Man Run From House Just Before Flames Appear A strong suspicion of arson was reported by firemen after they responded to an alarm at 9:20 o'clock Sunday night to a negro residence on Fulton street. Neighbors told the firemen that an unidentified man was seen running from the house a few seconds before the alarm was turned in. Firemen said the walls of the house was saturated with gasoline. Quick work on the part of firemen saved the structure from ruin. Late Saturday afternoon the fire department was called to Oaklawn where a roof fire had broken out in a negro house. Little damage was reported. Arkadelphia Bank Bandits Sentenced Melton and Massey Plead Guilty, Given 15 Years Each ARKADELPHIA, Ark. —(/P)— Paul Melton and Clifford Massey were sentenced to 15 years' imprisonment for the robbery of the Citizens National bank here on pleas of guilty entered at the last term of Clark circuit court, it was learned here Monday. The trial of Dexter Sheffield, who pleaded not guilty, was postponed from Monday until July. Today's Statgraph KIDNAP F. D. Assures Inflation; Finishes Second Month -~$ *„ „ , —.-,*> f*& Buck Bros. Pl< »i« Kenneth Repudiat fession When Hal ' Into GIVES U Police Recover Money iit.lten it Home President Roosevelt looks over the pictorial record of a few of his accomplishments'in his first two months in office. .'' • • • . . To Cheapen Dollar to Allow Debt Repayment r j^r: -~=. • — : — o '• - • _ _ : FEDERAL DEFICIT and EXPENDITURES I9J/-SZ #32-55 President Has Set Sensational Record During Emergency Last 2 Months By JOHN M. GLEISSNER NEA Service Writer WASHINGTON— On May 4 President Roosevelt completed the first two months of his administration. His program rapidly has taken shape during that time, and a complete overhauling of the economic and social life of the country has been started. A survey of the first two months shows numerous definite accomplishments, with a start toward inflation and farm relief, bringing an upturn in prices and an apparent improvement in business. New money has been provided and banks put under control, beer legalized and repeal submitted to the states, the operating budget balanced, and an international program begun. Other measures of far-reaching importance soon will be effective. The president has moved with almost bewildering speed attempting to revive business and industry, get 15,000,000 idle back to work, and raise farm prices. He has tackled the depression from every angle, with the support of a willing Congress and an enthusiastic public hungry for ac_ tion. It is predicted his entire program will have the approval of Congress before midsummer. No president in history has been given such a broad die- dictatorial and descretionary powers in matters basically affecting the life of every person. Here, in brief, are the president's accomplishments and his program: Inflation. Inflation legislation empowers but does not direct the president to reduce the gold content of the dollar up to half, and to authorize the free coinage of silver and fix its ratio to Cold. It authorizes agreement with the Federal Reserve banks for purchase of $3,000,000,000 of federal securities against which currency may be issued, and if necessary the issuance of ?3,000,000,000 in treasury notes, backed by a 4 per cent annual redemption fund. Also $200,000,000 in silver could be accepted in payment of war debts, to serve as a basis for more currency. Warrant-Forger Sought in Texas Arkansas A>ks Arrest of Willis Hirsch in Houston Monday LITTLE ROCK— (/pN—State Treasurer Leonard asked Houston (Texas) police Monday to arrest Willis Hirsch, furloughed convict, after the eighth forged warrant on the Arkansas penitentiary had been received at the treasury -with endorsements of a Houston department store and a hospital. The warrant, for ?187, was made payable to Hirsch and bore the forged signatures of Governor Futrell : and S'tate Auditor Humphrey. Hirsch is on a 30-day furlough to enable him to obtain federal hospitalization for tuberculosis. (Continued on page three) Hung Jury Occurs in Liquor Trial Case of Mrs. Sam Hacker Reset in Municipal Court A hung jury resulted in the trial of Mrs. Sam Hacker, charged with possessing intoxicating liquor for sale, in municipal court proceedings at the city hall Monday. The case will be reset for another hearing. Other cases on docket were: Elige Turner, disturbing the peace; fined $10 and costs. Charles Brown, disturbing the peace; continued until May 15. Edison Munn, drunkenness, forfeited $11 cash bond when he failed to appear for trial. Dola Straughter, disturbing the peace; fined $5 and costs. Bailey Smith, assault; continued until May 5. Judgment for $33,75 was granted to Grimes & Stephens Transfer company against Dave Trouter, Louie Becker, W. W. Hughes, and Leto Becker in a civil suit heard Monday. Grimes & Stephens Transfer company filed suit against the defendants on an alleged default of payment for moving equipment to a creamery in Mineral Springs. Wi|l Force Currency Down to Bring Up Prices to 1926-1929 Level WASHINGTON — President Roosevelt purposes .to cheapen the dollar through a controlled inflation of the currency in order to restore the ^re-depression 'level of commodity prices and • enable debtors to pay their debts in dollars of pre-depression value. Tho president proclaimed this policy to the country to the world Sunday night in a radio broadcast in which he presented his objectives as the raising of prices 'and a planned economy for agriculture, industry and transportation to be carried 1 out in partnership with the government. By such planned economy he proposes to eradicate cut throat competition and starvation wages and prevent such over-production as helped to bring about the present depression. The 3,000-word. speech upon which he and his advisers had worked all day, Mr. Roosevelt read before microphones set up in his study while in a soundprjff glass booth movie com- eras ground out film for the talkies that will record the incident. The address was broadcast not only to the entire United States but to Europe and South America. The stock market which sagged Saturday on rumors that thp president would repudiate inflation was expected to bound upward Monday along with the commodity markets in consequence of Mr. Roosevelt's pronouncement that there is to be inflation—but not too much. Paragraph Tells Story The news of the president's definite intentions with respect to inflation for which the whole world has been waiting with great suspense was tucked into a single paragraph along toward the end of the speech. "The administration," said Mr. Roosevelt, "has the definite objective of raising commodity prices to such aq extent that those who have borrowed money will, on the average,' be able to repay that money in the same kind of dollar which they borrowed. We do not seek to let them get such a cheap dollar that they will be able to pay back a great (leal less than they borrowed. In other words, vvv seek. JQ correct a wrong and not (Continued on page Two) brother, Cyril, a*t_ the kidnaping ^of H •McMath, 10,^* guilty Monday and held in $100,01)0 tifad^ hearing May 22. ' " \*- Jtt 'Kenneth, is charged with* ing and extortion, and Cyril Si tortion, in connection with the 1 ' ment of $60,000 ransom. i- %j Kenneth, talking to reporterg'^ fore his arraignment,, said*" "* man was involved, but talk further without a 'lawyer'^ $6e,0M Is Recovert HARWICHPORT, Mass.- v _ heth Buck, 28, confessed kid Margaret' (Peggy) McMath,' « re-enacted the crime fo'r r 'V_ and his brother, Cyril tt.were £d Saturday. ' t^As he showed detect!ves^J] planned.and carried ouVtfiief'B tion of the child, other officers;J ed- closely $60,000 in rantomj recovered from Buck's home art tquting officials prepared to t» two^nto court Monday."" ' Kenneth will face a c naping and his-brother,' betvteen in the negotiations i Up to tte payment of/the: .... I j! ;j .'.y— _ Al^f.^MBJ^-^' V^l* ine^SilD9B(|lMllil' l 'MCVvvty^r child kidnaped three days answer to a charge of ejrtc .,_ were to be arraigned hi district**! at Provincetown Monday.,; ,"' "S^ The two were arrested after a's of sensational moves brought to a swift climax. An all-night's qi tioning of Cynl Buck, who had-a as negotiator between the kidna and Neil C. McMath, father of y child, had brought a "break" -, pointed to Kenneth as the actual ductor. Police went to his home here ai shortly after; Kenneth and Cyril placed under arrest and the recovered. j Later they announced Kenneth made a full confession of how/ blacked his face to hide his identii and of using a grotesque hood over head as a mask when he met father and received the money., || Congress Opposes Debt Cancellation ^, Roosevelt Warned That They Still Haven't Seen the Light ••/>-* WASHINGTON.-^)—Pres, veil and spokesmen of the European debtors .were said Saturday to be un- agreed on the issueof war debt relief, and what steps the chief executive' will recommend to congress remain highly problematical. v ^ f Some Democratic congressional JeaiJT, ers privately were voicing militant opV position to any move toward debt ean- celaltion, reduction or even a moratorium during the London econprnip conference, which will meet June 12.. Payments of 5144,000,000 from deb> A;| ors are due June 12, «$ The president is counting -on 8,t least a partial payment on June 1$ of the sums due—if not the whole amount. This was echoed on Capitol hill, where Speaker Rainey asserted that there would be "no postpone* ments and no revision." "Congress would never consent," h§ declared. "There won't be any moratorium. If the debtors don't want to pay they can default. I do not believe the president will ask congress to portpone, revise or cancel, gress would not consent." 3 Millions' Loss in Fire in Maine 50 Stores, 100 Houses Destroyed by Flames at Ellsworth ELLSWORTH, Maine - (fl») — Ellsworth counted its fire loss Monday at close to 3 million dollars, and 400 persons homeless, as the result oi fast-spreading flames before a high, wind, which Sunday qight destroyed- 50 stores and shops in the business ^ 1 1«1 district and a hundjrod residences. Officials believed the fire to have been,:8}cendiary. " >j

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