The North Adams Transcript from North Adams, Massachusetts on June 30, 1933 · Page 1
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The North Adams Transcript from North Adams, Massachusetts · Page 1

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Friday, June 30, 1933
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10,498 Copies Wag the Average Net Paid Dally Sale of the Transcript last month. All figures subject to verification by Audit Bureau of Circulation. MASSACHUSETTS The Weather Partly claudy with Showers tonight and possibly Saturday morning; not much change In temperature. NINETIETH YEAR Vol. XXXVII, No. 2S Ol th« Dally Issue FRIDAY AFTERNOON, JUNE 30. 1933 Price Two Cents on News 8tan da Delivered toy Carrier 15 Cents » Week EIGHTEEN PAGES State Memorial On Mt. Greylock Dedicated Parley Awaits U.S. Decision London Reports American Adherence to Plan Which Will Save London Conference is Being Considered. DELEGATES MEET AT EMBASSY Granite Shaft Accepted As Tribute To War Dead Governor Joseph B. Ely Dedicates Monument in Presence of Distinguished Group—Col. William H. Eaton, Chairman of Building Commission, Turns Finished Memorial Over to Commonwealth—Dr. Claude M. Fuess Eulogizes Sublime Sacri- • fices of Those Who Gave Their Lives in War—Exercises Broadcast by Radio to Whole Nation Cotton Magnates Split Over Labor's Demands London, June 30—(A.P.)—The • world economic conference waited tensely today for word that would save the great parley from the rocks of monetary controversy, as the • American delegates and Assistant Secretary of State Raymond Moley gathered at the American embassy -to consider the American stand toward regulation of dollar fluctua- '. tlons. The American delegates remained silent about whether they met to con- .slder word from President Roosevelt .but.an authoritative source American adherence to a plan unde | which the conference could progrec, was under const derail OB. ' Important American quarters In dlcated that Mr. Moley, as the pres •.dent's personal representative, ha received authority to agree to a pla of preventing erratic gyrations o the dollar which are threatening th ' .gold currencies. But It was made plain that de fac to .stabilization, In the sense of fix . Ing the dollar at a definite level, wa, out of the question, and the presiden . must be left free to use whateve Inflationary powers he may desire 1 pursuance of his domestic program French quarters made it clear tha definite stabilization of the doll a ' was no longer sought and th--y woul be satisfied with an undcr^tandln .that sudden wide changes would be .prevented through checking specu. latlon or the unnecessarily qujc movements of large suits, ' ' .. .Virtual--irtwnstlbrV "In 'conference ...icOvJUes pending .setHernerit of ..the .Bitter monetary row was evident aj . _ the conference chambers were all bu empty as the hour approached fo ; afternoon FojjimHtee meetings, . s A walls American'Reply . The gold standard group, which •. now Includes Italy, as well as France Holland, Switzerland and Belgium .met this morning with a British representative to discuss the situation but decided that nothing further could be done pending Mr. Roosevelt's answer. It was understood that Bonnet, as leader of the gold group, takes the position that all It is asking now from America and Great Britain Is concerted ncOon to halt violent fluctuations of curreney i and a compromise of stabilization as soon as feasible. Immediate stabilization Is no longer demanded by the gold bloc. '' The exact nature of the message from Hull and Moley to the president Vas not disclosed, but well-informed .quarters understood it strongly advised the American chief executive that there be a change In policy as regards controlling too abrupt movements of currency. It was reported this morning that the president had already replied, but the American delegation was 'non-committal on this point. Tha general opinion prevailed at conference headquarters that Mr. Roosevelt's answer will be favorable • to concerted action and that the ' week-end will see a solution to the difficulty. Whether tha wish was father to the •thought, however, remained to be seen, since the conference had no Indication of the president's views. Pending word from America, there were several private meetings of banking Interests and delegates of 'countries concerned to discuss the •ituatlon. The gold bloc, It was understood, placed its entire campaign In the hands of Bonnet and told him It will stand squarely back of anything he does. It was understood that Assistant i Secretary Mojcy and Secretary Hull in their cablegram also conveyed to the president the gold bloc's proposal I for a solution to the difficulty. Befora its dispatch to America, the message was submitted to the United States and British delegations. A paraphrase of the suggestion Is said to be like this: The signing powers reaffirm their faith in the gold standard. The powers already on gold declare their intention to do everything within t ir power to remain on gold and m,..,i- taln the present parity. The powers off gold declare the intention to return to gold as soon as possible, but It Is for each country to decide when and at what rate. The present non-gold powers express appreciation for the effort being made by the gold bloc to hold its position and declare the Intention of aiding in stopping speculation. Until stabilization and a.return to gold are possible all signatories join- In agreeing to strive to prevent undue currency fluctuations The Bank of France is understood on high authority to have come to the aid of the Dutch guilder. This assistance Is said to have been responsible for steadying the guilder the last four days after a sharp drop. The French are said to have obtained the Dutch promise to pay Whatever loan the Bank; of, France has made In Trench francs at the present parity, the Frenph thus- avoiding a loss If the guilder should depart from gold. . RESCUE PARTY LEAVES TODAY RAINS IN WEST FAIL TO BREAK TORRID_SPELL Country Swelters in Seat Wave Today. Mercury at 120 in Oklahoma. IliU the Atsoctati-A "real Drenching rains and high winds In various sections of the middle west broke the drought and brought temporary relief from the torrid wave, but this weather man was threatening to turn on the heat again today. As a:i evidence of how hot It really can get the folks down In Stmttuck, Okla., saw the mercury in their thermometers rise to 120 degrees above zero yesterday. And at Junction City, Kas., It was Sharp Division Seen on Offering Concession of More Liberal Wages and Fewer Working Hours. Possibility of Raising Minimum Pay of Workers to $12, Per Week Seen at Washington. 40 HOUR WORKING WEEK LIKELY Washington, June 30.— (A.I*.)—Magnates of the cotton Industry still were sharply divided today on offering a concession to labor's demand fnr more liberal wages and fewer working hours than contained in the code proposed for the Industry under the recovery law. Some|Of the mill men, seriously to j nc , concerned over the possibility that administrators of the industrial act might shorten the schedule of hours 116 while Oklahoma City had ils and Increase the minimum wages New York, June 30—(A.P.)—The 'Jlmmle Mattern rescue expedition" soared away from Floyd Bennett field at 7:06 a. m. EST, today for Alaska, Chief Pilot William Alexander, in lommand of the rescue plane, said hat on reaching Nome, he nnd his three companions would "divide the map into squares" and search syc- amattcally for the lost flier. Mattern, a San Angelo, Texas, man who was attempting a flight around he world, took off from Khabarovsk, Siberia, more than two weks ago and anlshed. The rescue plane Is a large craft n which Clyde Pangtjrn and Hugh Herndon, Jr., once flew around the world. It Is now owned by a Brooklyn rewcr, and bears the number "NO 4033." With Alexander went Fred Fetterman, mechanic who put Mat tern's lane In shape for the flight; Harold ersons and Thomas Abbey, motor- ycle cop who obtained a furlough to elp with the search. Alexander announced that he lanned stops at Dayton and Akron, hlo, to pick up additional equlp- lent. The next scheduled stop was YUmipeg, where he hoped to land before nightfall. Then the fliers will proceed to Edmonton, Alberta; White Horse and Nome. The latter city was Mattern's coal when he hopped off from Khabarovsk. Frisnds believe Mattern was forced down !n some Inaccessible spot. He carried hunting and fishing equipment with which to obtain food if unable to reach civilization 4 SHAPTof.imfierlshable granite, A rearing the prisms of a gleaming J 'beacon light into the firmament above all th'e hills and valleys, the plains and the plateaus of this commonwealth, stands today as the symbol of Massachusetts' gratitude to Its sons and daughters who died for their country. On tha rocky, rounded crest of Mount Greylock where its silhouette will be glimpsed by many generations through the sunbeam shafts of summer and the swirling snows of winter, where Its brilliant light will vie with the stars by night through all the seasons, It was dedicated Id- day to the memory of the men and women who have given their lives In the service of this nation since this nation had its birth. More Than 1,000 See Ceremony More than a thousand people, gathered on the ageless peak of the state's highest promontory, witnessed the Impressive ceremonies in which Governor Joseph B. Ely spoke the words that made this classic monument a symbol of public gratitude for service. Among them wore comrades of the men and women who went to glorious deaths In the wars whose survivors still live, the descendants oWhose who fought and fell in their country's earlier conflicts and leaders In the civic and military affairs of the state and of the natlbn. To nun(Concluded on Page Two) Bank of England Blocks U. S. Price Raising Plan ; (By Claude A. Jaggcr—Associated Press Staff Writer) London, June 30.—(A.P.)— Anwrl- ica's hopes of extending Its price raising program to other major coun- . tries are being blocked by the con: aervative policy of the Bank of Eng; land, It was. said today by well-informed sources. • A real cleavage appeared to have developed between the British treasury and the British Central bfuv't over the demands of the gold bloc .- nations that Britain support their currencies. The Bank of England Is firmly opposed to prying the pound sterling loose from the French :\ fr»ne. This stabilization of the pound on the franc over a period of months Was explained as amounting to de ;-, facto stabilization on gold and preventing an Inflationary rise in prices, Such as Is in progress In the United States, '..'• The attitude of the bank of Eng- Ttnd, which was described in Important American quarters as In effect ' ''deflationary" was regarded as pro- 4 Mntfng a strange contrast to tha 5JUIH la 1(27, At that time Montagu Norman, governor of the bank, urged that an easy money policy be adopted by the Federal Reserve. Some economists assert this move started the 1928-1929 boom on a feverish rise which led to the collapse. The British treasury was reported in recent stabilization discussions to be opposing firm adherence to France and desiring more definite leanings toward the American policy. A compromise Is believed to have been reached by which British will pursue an Indefinite mldd'e-of-the- road policy as a result of the gold bloc demand of support In their determination to remain on the gold standard. The J. M. Keynes School of Economic Thought is urging revaluation of all currencies In terms of gold. They are gaining some support In British political quarter] but the official British financial policy, as expounded by Chancellor of the Exchequer Nevllc Chamberlain at the world economic conference, calls only for credit expansion and an easy money and banking program. There has been no lndlcatlon^Uia,t British policy Is aggressive enough In that direction to satisfy the toOktlonlil*. POPE EMERGES FROM VATICAN (By A. E. Stuntz) Rome, June 30—(A.P.)—Holy year pilgrims numbering many thousands renewed their homage toda to the most .illustrious of their num her, Pope Plus XI, as the Pontiff emerged from the Vatican and at tended a brilliant high mass at th Basilica of St. Paul-Oulslde-the Walls. It was the third appearance o Pius In famous cathedrals of Rome following his avowed intention o visiting these basilicas during thi holy year to obtain eventual plenary Indulgence. Hundreds of especially-Invited persons, including many American seminary students and lay pilgrims and thousands of devout Roman citizens flocked to the basilica early this morning. Among them were Vice Chancellor Franz von Papen of Germany, Archbishop MacNicholas of Cincinnati and Bishops Vehr of Denver anc Walsh of Maryknoll, N. Y. St. Paul's is situated across Rome from Vatican City. Held in check by carablnlere and Italian troops' formed in the square outside the church to render the Pope military honors, the pilgrims burst into enthusiastic cheers as the somber black caravan of Papal automobiles bore Pius and his' suite 'to an entrance in the adjoining monastery. Then there came a rush of those in the square to Uie Interior of the cathedral itself. Soon the Interior of St. Paul's with Its fine columns and richly coffered naves was crowded. Accompanied by Commendntore Seaflni, governor of Vatican City, and Monslgnor Caccla-Domlnloni, master of ceremonies, the Pope reached St. Paul's about an hour and a half before the mass itself was celebrated. He was greeted at the entrance to Opened By Uncle Sani Tomorrow the monastery by Cardinal March- ettl-Selvagglanl, his vicar-genera] of the Rome diocese, and Abbot IWc- brando Vannuccl, high priest of St. Paul's, v He was borne aloft on a portable throne by attendants In brilliant crimson. Other attendants slowly waved large ' ostrich feather fans about his hod as the group, preceded by tha Cardinals In the purple robes of their rank, passed down-the long main aisle to the central altar. Washington, June 30—(A.P.)—Un- cle Sam sets out on a new fiscal year tomorrow with a payroll shortened by the elimination of thousands of men and women. Even in foreign countries where there are American agencies will the pinch of economy be felt, for the democratic platform promise of a 25 per cent cut In federal expenditures has been carried abroad, too. The aim Is to spend a billion dollars less In the new financial ,year for regular running expenses. Administration officials say they will hit the mark. In the old-established department and Independent offices, no opportunities have been neglected, the bosses say, to save every nickel possible. But the "save-a-nlckel" try does not apply to the emergency agendas set up to combat the depression. In these the only limit Is prospective needs. First to be hard hit Is, naturally, personnel. There Is the 15 per cent wage cut, already In effect three months. Then, hundreds of dismis- sals are being effected, while in other hundreds of cases, the workers, though retained, will suffer additional pay cuts by imposition of furloughs. Among those persons being dropped are employes of 30 years or more service, who have been made eligible for pensions; men or women whose husbands or wives also hold government Jobs, and that great class whose services are no longer deemed necessary because their work has been terminated or curtailed. What the removals ultimately will total no one Is in position to say. Of the ten executive departments, war alone Is preparing to go along as usual to Washington. Even the war department faces some application of payless-leave In the capital and reduction of civilian workers outside. In the commerce department,,the bureau of foreign and domestic commerce ia being cut to tha bone, and In the famed bureau of standards, 380 employes, most of them scientists of well-established reputations, are losing out. eighth consecutive day of 100-mark readings. Blulfton, Intl., had a 102 degree temperature and at Kansas City It was 101. St. Louis sweltered at an even 100 and three persons died. Throughout northwestern Oklahoma the mercury hung between the 100 and 104 mark. The cooling rains which brought relief to a widespread populace and parched fields were accompanied In some Instances by destructive winds and electrical storm.-,. In Chicago the damage was estimated at $65,000 and over the state line at Gary and Hammond, Ind., the loss approached $42,000. Downstate Illinois reported destructive winds that demolished the mess kitchen and commissary tent o( the Buffalo Rook Conservation Corps camp at Ottawa. In other places the rain fell In lor- rents, Missouri receiving eight Inches.- Ame'nia, N. D.,"had two Inches and Moorhead, Minn., 1.58 inches. High winds preceded rain at Newkirk, OklR., and Pratt and Wichita, Kflo, During the day western Kansas reported a threatened water famine. Detroit saw nothing ahead but a continuation of the oppressive humidity. It was 96 there yesterday. Following beneficial rains In the southwestern section Wisconsin looked forward to more today. Meanwhile, Milwaukee cooled off to a maximum of 77 yesterday. Rain also fell In southeastern i Iowa, but the mercury remained In the BO'S. At Pittsburgh a 90-degree heat combined with oppressive humidity had caused the death of a clergyman before late afternoonjsterms brought relief and destruction. The Ohio death list stood at seven, Including one drowning, but the Ma- honlng valley district cooled off after a damaging wind storm. In Chicago a man was struck by lightning and killed. originally proposed, sought an agreement among the group to voluntarily suggest a slightly larger minimum wage than the $10 and $11 for south and north originally put forward. Others, however, persisted in their contention that the 40-hour week scheduled and the mlnlmifm wage first drafted were entirely fair and as far as the Industry could safely 8 °- /, Outstanding manufacturers from north anc! south, summoned here last night by the committee which had represented the industry during hearings on their proposed code Joined the group that sweltered in a small hotel room. ircase wages and spread work. Also heard among the operators was a determination to stand by their plan to limit hours of work to 40 a week against the 30 suggested by William Green, president of the American Federation of Labor, Intensely anxious that the first code be one acceptable to all parties, nnd not promulgated by the administration over objections, Johnson and his deputy, W. L. Allen offered their assistance in any negotiations between labor and employer outside the hearing room. On Die one side of the Issue was the operators' proposition—an $11 weekly minimum In the north, $10 In the south and a 40-hour week. On the other was various worker demands which Green, gathered Into a call for a minimum wage of from $14 to $11 and a 30-hour week. Northern te.-.tlle manufacturers George A. Sloan, president of the said they believed the code as submitted represented an agreement 11 LIVES LOST IN HURRICANE Port-of-Spaln, Trinidad, June 30— :A.P.)—Eleven lives were lost In Tuesday's hurricane, said belated re- wrts reaching Port-of-Spaln from Southern Trinidad today. The storm left thousands home- ess In a score of villages, destroying houses and causing havoc In the llflelds and cocoa plantations. On the northern side oi the island, he people were In ignorance of the errtHle fate of their countrymen. Nearly all telephone connections 1th the southwest and southeast actions were broken the night of he storm and It was not until last Ight that reports of the widespread am age reached here. Even today It was Impossible to BStlmale the losses, but the fate at Erin, whore 300 homes were destroy. •d, was taken as an Indication of the mdlcamcntof the people over a wide PROBE TURNS TO RAIL DEAL (By Nathan Robertson) Washington, June 30—(A.P.)—Be- fore concluding their Inquiry for the summer, Senate Investigators today sought to unfold the Inside story of the $140,000,000 holding company, Pennroefl Corporation, organized by the Pennsylvania railroad financed by Kuhn, Loeb & Oo. and Tlie banking committee expected to question Frank E: Taplin, a. H. Lee and Ottot H. Kahn, senior partner of Kuhn, Loeb before recessing until fall. Lee is president of the corporation. The commit to was told yesterday that t3S,000,000 was paid by the corporation for stock in the Pittsburgh to West Virginia at higher than market prices through Taplin. Taplin Is f. Cleveland capitalist and an officer of the Pittsburgh & West Virginia, , POWERS EXTENDED . TO SEC. WALLACE Washington, June 30—(A.P.)—To clarify the relationship between the national recovery administration and the farm administration, President Roosevelt today delegated to Secretary Wallace all the powers contained in the Industrial recovery act relating to the handling of milk, tobacco arid aU. foods and foodstuffs except those Provisions relating to hours of labor, rates of pay and other conditions of employment. The move—made In an executive order v/as Intended'to avoid difficulties which have arisen through certain Industries handling foodstuffs applying to both the organization headed by Hugh S. Johnson, the industrial administrator, and George N. Peek, administrator of the agricultural adjustment act. In a joint statement, Johnson and Peek said the executive order would facilitate the closest cooperation between the two administrations. To assure uniformity, the provl- nlons of the recovery act relating to fair competition codes will be applicable to all Industries, including those covered by the agricultural adjustment act. "As to those trades referred to In the executive order," the statement said, "codes of fair competition will be worked out by the agriculture, except that those portions of such does relating to hours of labor, rates of pay, and other conditions of employment will be formulated In collaboration with the national recovery administration. "All such codes of fair competition will be subject to approval by the President. "This does not mean that marketing agreements will not be made and, If necessary licenses Issued by the Textile Institute, presided at this morning's meeting and with Ernest M. Hood, president of National Association of Cotton Manufacturers, and T. M. Marchant, president of. the American Association of Cotton Manufacturers, struggled to reconcile the divergent opinions of the group. Hugh 8. Johnson, administrator of the law, tol dnewspapcrrnen he understood there were four basic Industries really to come In with codes, but declined to name them on the promise that they should make their own announcements. It Is known that lumber, oil, coal and steel are working toward agreements. In reply to a question. Johnson said that If the greater portion of industry does not come forward within 60 days with codes, "this Industrial administration will have been a failure." Referring again to his Intention to prevent undue rises In prices, Johnson said "We don't want price fixing in codes but that does not mean we want prices to remain crystallized." He added that the Idea was to permit the prices to work tip naturally. "If there Is any price fixing that leads to monopoly it Is going to be stopped." he said. "If we see even so much as a tendency leaning toward monopoly or extortion we have a mandate under the law to step in." Replying vigorously to a question as to where extortion and price fixing monopoly begins, Johnson said: "I can't sit here and tell you what extortion Is but this country knows damn well what It is." fair to both operators and labor. They were understood as willing to make some further allowances on minimum wages. But on the hours-of-labor question, prominent Industrialists Insisted just as emphatically that 40 hours "Is the absolute limit to which Industry can go without hardships," Incurring dangerou> WALLACE HELD WITHOUT BAIL 40-Hour Week likely (By William L. Scale—Associated Press Staff Writer) Washington, June 30—(A.P.)— Cotton textile employers and labor worked today toward a voluntary agreement on the minimum wage— possibly $12 a week—that will be stipulated in the first recovery code applied to American business. That $13 a week was the sum most frequently discussed among the group gathered before Hugh B. Johnson, Industrial administrator, for public study of the code by which the cotton textile Industry proposes New York, June 30—(A.P.)—Ste- phen Wallace, alias Stephen Gustin, alleged Boston fugitive gang leader, was held without bail today for hearing Monday. Wallace, who was arrested 'last night, was arraigned today on a short offldavit sworn to by a detective The district attorney's office asked delay until Monday to permit obtaining necessary papers from Boston. In the affidavit the detective said he was Informed by John M. Anderson, deputy superintendent of police In Boston, that on January 15 last Wallace struck Patrolman Daniel McDonald of the Boston police force repeatedly on the head, fracturing his skull. The detective also said In the affidavit that when arrested Wallace admitted knowing that he was wanted In Boston. Philanthropist Diet Oklahoma City—(A.P.)—A small group of river bottom dwellers gathered at a funeral hr- -c yesterday to pay homage to O. A. Olafson, their neighbor, who made $15,000,000 from oil and still lived in a two-room shack. His friends lived on his land without paying rent and he loaned money a the poor without expecting It back. agricultural adjustment administration under section eight of the agricultural adjustment act, with respect to those Industries which are covered by the section. "Cooperation between the two administrators Is also assured because of a long standing personal relationship and R former official relationship when both wen members of the war industrial board," Says Roosevelt's Party Goes Aboard Indianapolis Washington, June 30— (A.P.) — Secretary Swanson today received wireless report that President Roosevelt and his party were aboard the cruiser Indianapolis to start the president's trip back to the White House. Takes Things Easy (By Francis M. Stcphenson—Asso- ciated Press Staff Writer) Campobello Island, N. B., June SO —(A.P.)—President Roosevelt was content to lo&! and take it easy today on his boyhood summer playground after one of the most adventuresome trips ever made by a clilef executive of the United States. Fighting down a four day fog, Mr. Roosevelt sailed into the sunshine of his home harbor yesterday afternoon after a contest with the elements and delivered to his neighbors of Canada a message for the struggling Geneva 'disarmament conference. "I was thinking as I came along," ho said, ^Uta( this reception i» the finest expression of permanent friendship between nations that we "I am glad that I had with me the American chairman to the Geneva arms conference, Mr. Norman H. Davis. Now he will go back and tell them he has seen with his own eyes what a border without fortification means between two great nations." There were inquiries here awaiting the sea-going president about the feverish London economic conference , but he just smiled and said he had heard notihng about reports of a new crisis over there on the question which the Europeans have been pressing—stabilization of the currency. Very obviously he wants other things done at London before that 1* undertaken. So, today President Roosevelt relaxed and talked with his family. They were alt here—the sons, excepting Elliott, but'- Including his wife, and the daughters-in-law, Mr*. Roosevelt and the two boys, Franklin, Jr., and John. Tomorrow h» plans to leave abonrd the wattln«_^ cruiser Indianapolis for Washing. ton, It hat been 13 yean sine* franklin D. Roosevelt cams here. On iho last occasion he wns stricken with of i

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