Hope Star from Hope, Arkansas on October 1, 1934 · Page 6
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Hope Star from Hope, Arkansas · Page 6

Hope, Arkansas
Issue Date:
Monday, October 1, 1934
Page 6
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_ Refinancing Cuts 0. S. Interest Cost , GoVerfynent Trades Off Liberty 4i/ 4 ' s for 3t/ 4 *s and 2VL>'s WASHNGTON.-(,T-)-As a partial answer to critics of New Deal monetary policies. Treasury experts calcu- ' lated Sunday that in three weeks may have clipped about 513.000.000 of the annual Interest the governmen ««)st_ pay on its public debt. This was accomplished through a trade with persons who already helt fourth Liberty Loan bonds bearing 4^4 per cent interest. In exchange for those .the bondholders have agreed to take $293,000,000 in 10 to 12 year obligations bearing 3V5 per cent and 5596,691,000 in four-year notes carrying 2Vt per cent. The books of the 3V4's are still open, so that any who have some of the 51.200,000,000 of called Liberty bonds still may offer to trade. The incentive, from the Liberty bondholder's viewpoint, is to get new government cbligation.5 giving him interest instead of being pjid off in cash on October 15. The government's objective is twofold—first, to reduce its interest, and, jecond. to keep in the Treasury as much as possible of the $1,200.000,000 in cash which otherwise would be paid out The offerings to trade the Liberties for 10-12 year obligations largely have come from indidivuals. They amount to less than half the 5596,691,000 taken in exchange, chiefly by banks. A Rockefeller In Social Whirl Victim's Family Deny Pardon Aid Shaver's Children Dispute Statement From Governor's Office AQItt ffiAR. ttQPE; ARKANSAS [Mr. and MM. Spencer Return With Senator locks, Mr. arid Mrs, Lloyd Spenecr return home Saturday night from a motor trl pto Washington, D. C., having as their guests on the return drive Senator Haltic W. Caraway and her secretary. Gorrctt Whitesidc, and Mrs. Whiteside. Senator Caraway left the party at ^ ROCK - Clemency for "<>*>«. Ark., to reach her home at Frank Floyd, sentenced to life ini- Jonesboro, while Mr. and Mrs. White- prispnmcnt for the poison murder of fido continued with the Spencers ns Neely Shaver, aged resident of Law- far as Little Rock. After a visit nt rence county, in 1930, was not request- Little Rock the Whitcsidcs will go to ed by children of the victim, they their family home at ashvillc and .,—, a flashlight, a loaded revolvM and various Rackets which Captain Martin and Sergeant Hcnson of the Detective Bureau, who made the at' rest, said arc used in opening doors Even Maj. James A. Pitcock, a . pence officer for 40 years, expressed amazement at the equipment which Bordclon was carrying. "I've mcnt," "Why blank novor scon such Chief Pitcock an assort- cxclaimcd. ho had as many, if not more, keys than a locksmith ordi- said Sunday. «7 »•«*«• IV. II h tl^Ml V H IV | Ml 111 | later this week will probably renew Suspect Arrested as Hotel Burglar V. F. Bordelon, Taken at Little Rock, Believed Head of Gang LITTLE ROCK-Police strategy resulted in the arrest Sunday of Vance Forrest Bordelon, aged 40, who said he is a gambler of San Antonio, loxas, but who officers said is known Bankruptcies Pay Off 6.02Per Cent Compares With 3.86 Last Year, and 7.66 for Pre- Panic Year 1928 LITTLE ROCK.—Creditors of the 245 bankrupt firms and individuals-whose cases were closed by federal court referees for the Eastern District of Arkansas during the fiscal year ended June 30, 1934, were paid ?288,121.87, or more than 70 psr cent of the gross collections of 5409,878.57, the annual report of the court clerk to the attorney general of the United State- says. Administrative expenses, including various fees, were 588,762.24, or more than 21 per cent of the collections. Claims of the creditors were 54,618,672.38. The payments, averaged about 6.02 cents on each dollar of bankrupts' debts. Payments averaged 3.86 cents on the dollar last 'year; 4.03 cents, in 1932; 3.8 cents, in 1931; 6.61 cents, in 1930, and 7.66 cents, in 1928. This heir to many millions' goes in for society more than, do the other members of the- famous family to which he bo-- longs. He is Nelson Kockefeller,' son of John b,, Jr., shown as he attended a reception a.id film- Premiere in a New York 'inusic ball. Stomach Gas One dose of ADLEBIKA qulck- A ly relieves gas bloating, clean; ,, out BOTH upper and, lower bowels, allows you to eat and A sleep good. Quick, thorough ac^ tlon yet gentle and entirely safe A OLE RIKA S. GIBSON DRUG CO. Methodists Will Not Criticize F,D. New Jersities Refuse to Censure White House Beer-Drinking ATLANTIC CITY, N. J.—(/p)—An attack on President and Mrs. Roosevelt because of an alleged hilarious •'beer party" in the White House last Christmas season was rejected Satur- urday by the New Jersey conference of the Methodist Episcopal church after lengthy debate. The strong censure of the chief executive was contained in a report by the temperance board of the confer- ance. presented by the Rev. L. L. Hand, its chairman. Hardly had he completed the reading of the report when slergy and laymeri rallied to the defense of the president. The report quoted from alleged newspaper accounts of the dance given for the younger Roosevelts. and their friends—reports which the Rev. George H.'Neal, later said he understood v/orc from a publication of the Women's Christian Temperance Union. In Washington, Stephen T. Early, a presidential secretary, termed the report "so obviously untrue, that it couldn't be either decently or officially recognized.' ' ~, ^ I '" ivi "IK* WCUK will p The governor's office, in announcing acquaintances in Hope. the indefinite furlough of Floyd Snt-i -»++m~ urday, said that two of Shaver's children, who had been the principal! prosecuting witnesses, had signed a statement that they had become convinced the trial jury misconstrued their testimony and that they believed .Floyd innocent. Shaver's three children—W. E. Shaver of Sweet Home, S. L. Shaver of Jonesboro and Miss Bcrnice Shaver of Pine Bluff—denied that they had recommended clemency for Floyd, and they expressed the opinion that he should be required to remain in prison for the rest of his life, in accordance with the sentence imposed following the trial. , At Governor Futrell's home Sunday, „.„ „,,„ „ „ nignt, n was said that he was too! in many cities as the head of a busily engaged otherwise to discuss of hotel burglars. I the furlough that was granted Floyd, In a suitcase which he carried were .and inquiries were referred to H. Grady McCall, secretary to the governor. "I'd have to sec that petition again before 1 could comment," -Mr. McCall said. "I don't remember offhand just how it read. Of course, the furlough has already been issued, and the man is at liberty." He conceded it could be revoked, but seemed to think, such action unlikely. The trial judge, prosecuting attorney and eight members of the jury that found Floyd guilty were' said to have joined in the plea that he be freed. The state farm at Tucker reported that Floyd had been at liberty on furlough since June, and that the latest clemency merely made it unnecessary for him to return at expiration of the leave first grantd him by the govcr- lor. narily has in his shop. He could un- I'nstcn any lock, regardless of make or cost." That this wasn't idle detective chief's part tnlk on the wns proved when ho had the prisoner placed in the county jail under special ffuard, Instead of leaving him in the city jail. Police believe Bordelon wns responsible for the burglary of three rooms at the Hotel Ben McGehee early Thursday, when guests reported ihc loss of $130. Following his arrest, it was learned that $4 had been stolen irom another room at the hotel occupied by Lieut. E. L. Davis and Mrs. Davis of San Antonio. llorc tllatl keys, many of them i -,--.- .«~.7w, »u»ii^ wt iiivui. jjirm r«iu QI me mic blanks; numerous master keys, a vice, 16 per 1000 population. To Meet Tuesday The Rythm Orchestra will meet Tuesday afternoon at the homo of Mrs. John Wellborn. Beginners arc requested to come at 3:30 o'clock and the children who played in last year's class are requested to come at 4 o'clock. -»••••• Birth rate o f the nitcd Kingdom is Business Showing Autunmjncrease Textile Revival Follows Settlement of Nation- Wide Strike NEW YORK. - (/p) ~ Business has drawn to the close of the third quarter with belated but distinct signs of nutumn pickup. Retail trade, still the brightest part )f the picture,' has in the aggregate icld above the levels of last year by i gooA margin, although wet or \m- ensonably warm weather impaired he showing of the past week. The end of the textile strike contributed largely to further expansion of industrial activity last week, although operations for the most part Were resumed on n curtailed basis. Steel, after dragging through the dullest period since the banking holiday, is showing more signs of life each week now, although the industry does not yet see enough business for return to profitable operations before 1935. The automobile industry is expected to be in the market for substantial volumes of steel during October, but the railroads, normally one of the leading consumers, arc still buying as little as possible, and in view of the reduced state of their not revenues, arc not expected to change their pol- ' ™*.motor Industry is rapidly np- preaching it«j extreme lull before «nodel changes, but aggregate output declined only « little last week, ow- •"s to an increase by Ford Motor Company. Crnm estimates the week's M'tput at 37,234 units, off 1,005 from "1C previous week, and 6,666 less than the same week of 1933 German Farmers Not Enthusiastic Hitler GetsBut Little Applause in Speech to Them HAMELIN, Germany.- (/P) -Adolf Hitler was accorded comparatively scant applause Sunday by 700,000 farmer folk gathered for the national harvest thanks festival on Bucckbcrg hill, for his assurance that better clays arc coming. Dcr fuehrer exhorted his hearers to put forth greater and greater efforts in he Fatherland's financial struggle, and renewed his claims that the Naz's had helped the farmer's lot immeas- uarbly. Because of n single will and through a single power we aro gathered here," Hitler proclaimed in an incrcasiiiRly and their families mingling with loorse and rasping voice to farmers Hcichswchr men and Storm Troopers on the sun-bathed Wcscr hills. An average valued nt every year hi Old Folks! B«C«IIM of wnlc,. p*opl« n«d » thorouf, =n». Dtlltloui Fpon«.l l«x»tiv« diitribmei thli :htwlnK, uniformly irifl "full" cnmplot. t «nd fttntle, Doet itiv. Ingredient O«!«y (i dinRtroui, I Khtdult md Perm For Call 287 for' Mary's Bel Tlic havo -W ROYANDER COMPUTE INSURE PHONE 6)0 r Tennessee Child Is Believed Alive Dorothy Distelhurst May Be in "Friendly Hands," Police Say ...NASHVILLE, Term.—(/P)—Police Inspector John Griffin said Sunday light he believed missing Dorothy 3istelhurst "is in friendly hands and s safe." The announcement came shortly after Gov. Hill McAlister posted a $500 reward for the six-year-old child's "kidnapers." Inspector Griffin has been in charge of the search for the child hero since he vanished on her way home from chool 12 days ago. Announcement of what he described as an "opinion" hat Dorothy is safe was the first rc- ent indication on the part of officials hat they believed her even , to be live. Chesterfields are milder tasie bettej IF YOU CAN'T ATTEND THE o i Ripe home-grown We begin with the right kinds of mild ripe Domestic tobaccos. Then we age and mellow them like rare wines for flavor and taste. YOU CAN DEPEND on the NEW GE RADIO To Bring You Every Play DON'T MISS "SCHOOLBOY" Versus "DIZZY" Aromatic Turkish Next we add just the right kinds and the right amounts of Turkish tobaccos to give Chesterfield the "seasoning" that helps to make them taste better. YOU'RE Gar "es Broadcast By Loud Speakers Play by play account of every game will he broadcast from our T l^J \/ T ' I "* \^ I ^ l'!i«-e cif buKinoss on our public address system. Hoar the dc- |.c:ida!>Ic G. E. Pwadio perform. Blended and cross-blended Finally we "weld" these tobaccos together the Chesterfield way—different from any other—to make Chesterfield a milder better-tasting cigarette. Hemptead County Lbr. Co. Phone 89 Hope, Ark. MONDAY WEDNESDAY SATURDAY ROSA NINO GRETE PONSELLE MARTINI STUECKGOLD KOSTELANETZ OKCHESTRA AND CI1OIUS 8 P. M. (C. S. T.)—COLUMBIA NETIYOKK JU takes good things to nwke good things . ,, there is no substitute for mild ripe tobacco

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