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The Journal Times from Racine, Wisconsin • 3

Publication:
The Journal Timesi
Location:
Racine, Wisconsin
Issue Date:
Page:
3
Extracted Article Text (OCR)

THREE THE RACINE JOURNAL-TIMES. THURSDAY. AFTERNOON, MARCH 9, 1933. CHICAGO SAYS FAREWELL Debt Prisoner sparks while the Phillips fire ce-partment concentrated on aavi buildings adjoining the fUmiris struct urea The blaze was checked by the brick wall of the State bank WAVE OF NATION-WIDE BUYING MAY FOLLOW MONEY! INFLATION TO ITS MARTYRED MAYOR NAZIS ATTACK SIX AMERICANS Five of Victims Were of Jewish Descent, Policd ToId. JAPS ESTABLISH NEW GOVERNMENT i i IN JEH0L AREAS By The AstoctsUd Press.) Following close on the heels Japanese and Manchukuoan troops who have swarmed oWr Jehel province the last 15 days, Manchukuoan rulershlj is "now beir.g established in the territory.

Manchukuoan officials have taken over control of village and cities deserted by the Chinese in the face of the campaign wtiich has carried the invadera as Car as the great "wall separating the province from Chin -proper. Immediately following the fighting forces came "publicity and propagandist speakers who extolled the advantages bf Man chukuo. The Manchukuoan officials who took over the. government of the cities and villages were not far behind. Over a stretch of 240 miles there were many deserted -illagea, with 95 per cent of the buildings unoccupied, and with only persons and children thereaJbouts.

Meanwhile. reports from' Chln-chow, Manchuria, told of an unsuccessful attempt' by reinforced Chinese' troops to retake Kunel-kow- pass through the great wall. I harassed by the problems of his fx Governor to Deliver Eulogy, An. escort of democratic leaders, the same that conducted the body yesterday from a funeral train ti his southwest side home, gathered early, today for another procession to. the city hall.

At 10 a. m. tomorrow, a vast funeral pageant will proceed from the city to the. Stadium for public rion -sectarian services. Gov.

Henry Horner will deliver a eulogy and will be benedictions by a. methodist. a Catholic priest and a Jewish rabbi. Burial will be in the family mausoleum, alongside th body of Mary the wife who died five years ago. There will be Bohemian and Masonic services at grave, Pallbearers selected are: A.

J. Horan, Ballff of municipal court-State's Attorney Thomas J. Courtney; Chairman P. A. Nash Of the democratic county ce-ntral Moe Rosenberg, democratic committeeman; Edward J.

Kejly. president of the South park, board; Alderman Henry Sonnenschein, John Toman and James and James B. Bowler, City Comptroller M. S. Siymcxak.

and Joseph Serhant, business, associate of the mayor. In the windows of loop department stores and in those of corner groceries In the outlying sectiou were photographs of Mayor Cermak, paneled in black. Thousands wore mourning bands or memorial buttons in their lapels. BERLIN. March 9.

(U.R Charles Messersmith, consul general of the United States at Berlin, today handejd the Prussian chief of police, Magnue von Leret-zow, a memorandum concern.ng attacks on American citizens here. The memorandum cited attacks on six citizens Bjll since Sunday In their domiciles or on the streets. Five of the six attacked were ot Jewish descent. In each case th men attacking the Americans weru dressed in Nasi uniforms. Thirteen deputies; the entire communist faction of the Saxon" diet.

were arrested today. Phillips, Store Destroyed by Fire PHILLIPS, WIsi, March 9. P) Fire last night destroyed buildings, stock and equipment of th Rabenwich department store ajvl the photograph studio of Otto Ja-koubek on North Lake avenue. Embers were scattered long distances by a 40-mile northwest ale. Hundreds of persons stamped ou.

Boys' 39c Chambray Play Suits Blue ebamarsr. Tlth darker bin. trim, all sizes to years, each at Second Floor i rgps( 50,000 Men and Women to View Cennak's Bier 'T CHICAGO, Marcli 9. Chi-cago bids farewell to Anton. Joseph Cennak Within the 54 hours, some 800,000 men.

women and'children, a seventh of the population of this second City in the land, will flic past the catafalque In the city and county building for a last view of the features of the martyred 'mayor. -I 1 Funeral Tomorrow. i Tomorrow the way leads solemn procession' to the Chicago Stadium for funeral rites "and thence to Behemlan National, cemetery where the second of Chicago's mayors to be assassinated will be buried among countrymen of his native Bohemia. 1 In death, the spirit of "Tony" Ccrmak pervaded the city halt Despite the somber fittings of tlie yast municipal edifice, the'purpls and blatk drapes, the black velvet cenopy of the catafalque resting on four silver posts, one office waa open for business. i "The ounty treasurer's office remains open for the collection of said Treasurer Joseph B.

McDonough. "Mayor Cermak would approve. Ills last "concert aj he lay dying was for the unpaid school teachers and city and county employes. He would not. want to interfere now that he is gone from All other city and county offices and courts were closed.

Mayor Cermark is the first io Ue in state "In the city and county building since 191 when the body of a marine killed trying to rescue an American flag at the. siege of Vera Crux was thus honored. The same dark bunting was hung again after 19 years, in accordance'with Cermak's policy of holding- all expense of the city to a minimum. Five 1 hundred policemen wearing wbje glovea were commissioned to form a living corridor In the building through which citizens could pass. The catafalque was placed In the rotunda where two main corridors of the city and county building pass.

Countless times Cermak had strode across that spot, "at times happy over new acclaim, at others r. Pi If you think you have money troublesL consider the plight of William! Weber, 13, in Jail for debt, having failed to pay a $2500 Judgment to a Chicago he injured with his grandmother's car. Under Illinois law, six months in Jail is the penalty for fail-tire to meet such a Judgment obligation. lAfiCE FEARS FR GERMAN ARMS uspicion of Armament Intentions to Form Basis of Parley. "I Marah 9.

OP) French li i ftars thatj Germany may announce it Intends to rearm are likely to be one of the principal topics of the talks her today between Premier Mac Donald and Foreign Secretary Sir John Simon of England and Prf mler ijaladier of France. jjrhe Frjench seek to forestall such a possibility by a big power pronouncement against Germany. The British statesmen will meet Premier Daladier for tho first time sinte the formation of the new Frnch government. They will leave tonight for Geneva for dls-armament conference discucsions. it was junderstood here the leaders are "seeking a five power conference in Geneva to wind up Ithe disarmament situation.

A strong Joint effoH to obtain some pralctical results at Geneva are! expected to result from their conversations with M. ax 1 Larry Bettencourt I Married at Reno RENO, March- 9. (U.ft Larry Bettencourt. St, Mary's for. mer all-American center, was honeymooning today with his bride, the former Acne Pagr.l: of Oakland.

Calif. Bettencourt, a member of the Milwaukee baselall club of tre American association, and his bride, left immediately after the ceremony late yesterday for the Wisconsin city. Friday Only! Mcn 69c Felt SLIPPERS AU Sec acid Floor III I Men' 19c Athletic Shirts, Shorts WfciM knit shirts aad short of at color broadcloth, in all sixes, each at First Floor SI i Li a Perfect Quality like pic-tare. muat.matur within SO daysto their federal reserve bank and get paper money for it. But many bunks have long since put up all such short-time paper.

they have. For them provisions of the Glaas-Steagall act are They can take-long-term' paper such as real estate bonds, promissory i notes and the like which normally a Federal Reserve bonk would not 16ok at, and get paper money for ft. As the law now stands, city banks can do. this only when at least five of them group together to pool such long-term paper. -And the approval of the Federal Reserve board la required in each case.

In isolated eoramunitieamay act alone. To Amend law, Now it Is proposed to amend the law so that any individual bank may apply alone, because a weak bank, the very one that needs such help, cannot persuade a stronger neighbor bank to pool with 'It. Also the law may be changed to require that such paper be accepted by Federal Reserve banks without obtaining the approval of the board at "Washington. I Such changes would open up avenues for passing out possibly another $1,000,000,000 of currency, i Nearly another could be issued against government bonds under the home loan act. 'I i I Thus there is ample margin in the federal currency system to permit rapid Issuance of a vast stream of additional money.

The problem is to get it into clr culatlon. and to prevent it from following the path of several billion dollars into hiding places of the hoarders. Here is where the controlled Inflation psychology may serve a useful purpose. Inflation normally means rising prices. Wholesalers.

Jobbers, and canny householders all rush to buy as much aa they can when inflation is' anticipated. That la simply good business. They skim off profits on5 the turnover. Trade volume Increases. Money changes hands with increasing rapidity: Shortly the entire gait of business haa speeded up.

Then, if -the inflation well controlled, the brakes can be applied I gradually aa conditions re-qulrej If the whole process Is successful, the expanded currency Is drawn in. Normal healthy conditions are then restored. The Objective. This, at" any rate, is the objective of any controlled inflation. It Is what a growing school of economists have advocated for at least two.

years during the depression, i The previous administration stood adament against it. Even conservative democrats opposed It. Chief among them was Senator Carter Glass He breathed fire and brimstone at" the faintest suggestion of 'inflation. But as the hands of the-clock in the White House moved toward midnight last night, he and. his fellow legislators were gradually, won by the persuasive powers of President Roosevelt.

Senator Glass walked out across the White Housj portico into the ray night ready ti back the president; In his determination to undertake a blood transfusion for American business. President Roosevelt had won over his most dangerous potential opponent. Senator G(lass left the White? House to rlead the fight. That, for -the new president, was. perhaps his most significant achievement.1 It foreshadowed a quick of opposltion--and, action.

i Holdup Man Beaten' By, Badger Farmer MAZOMAN'IE, March 9. (U.R) Art JJndley, TO, did not report to police an attempt to rob him, because he thought his warning to the retreating assailants waa sufficient, he said. LJndley was lighting a lire when the robber stepped, into his room and demanded money, the farmer related, Ltndley said he protested that he had no money and was knocked down. When he recovered consciousness lindley found he grasped a heavy piece of Are wood, with which he Immediately hit the robber over the head. Lindley said he dragged the unconscious man to the where, a confederate In an automobile carried hint off.

"And If you come back, you'll get worse than you got this time," Lindley said he shouted after the driver and his groggy companion. 600 Pairs Women's 29c They were beaten back, An engagement south of Wu-kungfu, the Tokio dispatches- said, resulted in 25 Japanese killed and 39 The skirmish oc curred during "mopping tip" oper ations of MaJ Gen. Heljiro HattorL Daniels Is Slated to Head New Board 'WASHINGTON. March 9. VP) Josephua Daniels, of North Carolina, secretary of the navy during the Wilson administration, was ua derstood in informed circles today to be slated tor chairmanship of a new government group to include the Interstate commerce commission, the shipping board and the aeronautics branch of the com merce department.

Pending the consolidation of the transportation agencies. Indications have been that Daniels would be. appointed, chairman of the ship ping board. In itself one 'of thv smaller organizations In the com bine, 'v Such- a consolidation; would bring together the major transportation agencies of the federal government. It has been indicated for some time that something of the sort waa contemplated by President I Daniels, publisher of the Raleigh News and Observer, was secretary of the navy while Franklin Roosevelt was assistant secretary.

At i i Rooseyety Attempting a Blood Transfusion To Aid U.S. "WASKGTON. March 9. If successful, the. new federal reserve money proposed In President Roosevelt's currency program, should start a wave of nation-wide buying.

Rising prices and a quick pick-up in business are anticipated. If this develops, officials foresee a prompt passing of the crisis with a rapid turnover which once-under way would permit ths contraction of tha emergency currency back to normal proportions. In effect, President Roosevelt Is attempting a blood transfusion, with a fresh supply of circulating medium, the restoration Is expected to follow naturally. It is a daringr but In line with President Roosevelt's inaugural pledge of Immediate action to provide adequate but sound currency, far as is now known, no new-kind of "money is contemplated There, wofild be merely more of th familiar Federal Reserve notes the usual' green-backed paper money which forma the'bulk of everyday currency. Dozens of Questions, Dozens of technical questions are evolved In this process of over-right expanding of the nation's supply" of money.

Bankers find them complicated enough. To the lcyman they are even more difficult to understand. Roughly, the-' president's plar would expand currency mainly under present Federal Reserve restrictions. Currency would be issued against liquid assets -of sound banks. State banks could join in circulation of this, currency upon certification by state examining boards.

Fundamentally, the additional money would be Issued under th? elastic provisions of Federal Reserve system. These were planned to mfet such stringencies. permit -currency to be added to or contracted as needed by Banks take short-term commercial paper on which they have made loans to business men it DON'T GET. UP NIGHTS Pataie' tfce Bladder vrita I (- Jsnlprr Ol i ,1 Drive1- oat the aad excess' scids that cause irritation, burning, and frequent Juniper oil Is pfeasa-nt tor take In the form of BUKETS. the bladder physic, also containing buchu leaves, etc.

Works on the bladder similar to castor oil on the bowels. Get a 25e box from, any drug store. After four days if, not relieved of "getting up nights" go back and get your money. you are bothered with backache or leg from bladder disorders you are bound to feel better after this cleansing and you get your regular leep. Bed Cross Drug Co.

Fo-korny Drug Co. say BUKETS is a best seller. i EGGS AND POULTRY In Exchange for Work r.lnlesi Extraction Free an Monday wttk plate er other work Silver rilling lie ad as Set at Tata M.k. OTcr.Bct T.ar Credit "Is i Gold Purchased Clip This A. Warth 1100.

Dr. A. Schutt Jrk. UK Salt Hot-l Racine. Offte.

Rsrs A- M. to 8 P. M. Located the Balcony Fi.r. Victory ocahontas The Ideal fuel for March's uncertain eatber.

Easily controlled in mild weather and a quick, hot. Are' when th temperature drops. Phone Jackson 6440 United Fuel Supply Go. 201S GlurY St. 931 Erie St.

First time at such a low price 1 New Spring shades "Bembfrf duD bote, et tb lowest price In our experience. Zvrrj lr la perfect, nd Every new eprlcf shade indaded. Pair lc FRIDAY! 2 O'CLOCK SPECIAL 2000 yds.36in.Merceiized BROADCLOTH White, blue, ttan, pink, coral, peach, Liickies have character v. are mild. And there's a reason for both Af Cream of the Crop made pure and delicious.

Wtmw 7 U' maize, orchid, nile. Lustrous finithed bread-doth, at only yard for o'clock hopper.i Be bere 3 p. m. unarp. lor thu quantity wiil go qa'ciiir.

ird 'on at thlf priem Wf.re P. M. Baeroeiit 4. 4i vecause it's toasted1 f-JL Uv 1 fi CHICAGO HOUSEWIVES BRING DOWN PRICES OF MEAT IN MARKETS CHICAGO, March 9. fli "A "moratorium boycott by housewives against; mounting brought reductions in butcher shops.

i. I For, instance, pork loins which eold as low as 8. -cents last week had risen to 10 Today butchers were" selling them for 1 or IT '1 i At the stockyards all meat prices were down from the week's highest levels. Packers explained that farmers were sending in heavier than normal shipments of cattle, hoga and lambs. Yesterday's quotations showed lambs down 25 to SO cents, hogs down J'ta 40 cents and cattle at the levels of a week agoi Butter prices advanced alightly to 18 cents while eggs were, stable.

Grocery and dairy Quotations were stable. Sugar was" quoted 20 cents higher per ICO pounds In the greatest Increase listed in the grocery Meanwhile bankers' were awaiting- developments in Washington. Brokers, whose offices were net dealing but remained open to receive orders for execution when the exchanges reopen, said that many bids bad been received to buy at quotations ranging upward from the close last Friday. Banks Pick UpTraU of Gold Hoarders WASHINGTON. March 9.

0JJ9 iThe federal reserve board today ex panded its orders to federal reH serve banks in compiling Hats of gold hoarders so that the lists might Include withdrawals made during the past two years. Late j-esterday the board instructed re serve banks, which presumably relayed the orders to member banks of the reserve system. compile large withdraw- i als of gold since last Feb, i. 39c Hickory SANITARY GOODS II Bloomers Aprons Belts i All perfect ijualftyi Natural aad fluh color. Third nor SewOn GARTERS I Liv elastic artcrs.

jura imr PalmoliTe Made TOILET, SOAP JU.V- ic Former lSe valae. 4 ounce cake. La 4 odor. First rtMT mx )) mx JL 1 if ysffsPSJMf1 rS. "VJ.

,1.: Hmimniilil.

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About The Journal Times Archive

Pages Available:
1,278,346
Years Available:
1881-2024