Ames Daily Tribune from Ames, Iowa on September 23, 1933 · Page 5
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Ames Daily Tribune from Ames, Iowa · Page 5

Ames, Iowa
Issue Date:
Saturday, September 23, 1933
Page 5
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Sign Up With NRA Uo your duty. Your fcc4» to needed NOW. MlllloM ot mem •ml women any ••*«• thte winter U you delay. Ames Dailu Tribune -Times VOLUME LXV1X Official Amti and »tory County Paptr $ STORY COUNTY'S DAILY AMES, IOWA, •ATUBDAY, SEPTEMBER 23, 1933. ,•*!* rouoAtt Part* d««4}, «Mter !• •ad w«»t portfcMM 8*tnjrd«jr Sunday fair. United Press Wire Service If 0.71 WILL GH LOANS OF IOC A POUND Southern Leaders Are Enthusiastic Over Roosevelt Plan WASHINGTON (U.P.) Cotton k ~ growers who came to Washington demanding currency inflation wera sent home happy Saturday with a program that immediately raises the price of cotton, but leaves the dollar -where it is. President Roosevelt decided .to advance loans of 10 cents a pound on all cotton held by farmers who promise to reduce next year's crop. The decision automatically boomed the market, averted financial disaster for many farmers, and went far to assure success of tl^ .plan to reduce 1984 planting to 25.000,000 acres. The program so appealed to the southern farm leaders who said inflation was their only hope that Senator Bankhead, democrat. Ala., one of the leaders, announced him. self as enthusiastic over prospects for the cotton planters. Secretary of Agriculture Wallace insisted that the loan program could not be compared to the disastrous cotton buying of the federal farm board during the administration of President Hoover. "That sea?ed into our minds the necessity of not trying to control prices withont-also controlling production." Wallace said. "We feel that we can get away with this loan offer with very little chance of a serious loss to the government." The cotton market soared 20 points In the few minutes left for trading after Senator Bankhead revealed the loan plan upon leaving the white house Friday. Later the program to hold nert year's cotton crop to 25,000,000 acres was announced. All farmers who promise^ to re duce their plantings by the Government Rests Case; Bailey Ready to Testify in Own Defense World War Machine Gunner and 1 1 Others Face Conviction for Kidnaping A P , ransom. CITY, Okla. (U.P.)-Harvey J. Bailey, called rous criminal in America, and 11 co-defendants es Saturday against the charge that they '". Urschel, millionaire oil man, and collected Defense testimony in the spectacular trial began with the death threat? of Fugitive George (Machine Gun) Kelly, Bailey nencnman,. still hanging over government prosecutors and witnesses. Bailey, 48-year-old ex-service man \vho learned to use *z machine gun in France, was to testify in his own defense "We have nothing to conctal,"« . said his attorney, James Mathers. "There is no legal evidence against Bailey." The government rested Its case, the first major prosecution in a nationwide drive to exterminate kidnaping, Friday. The battery of defense attorn- eys jumped ituj action. Their first raovo was to produce- character witnesses for some of the accused. They hoped to win acquittal for Bailey, • charged with engineering the most'spectacular kidnaping in (Continued on Page Two.) FEDERAL Germany Opens JUMPS IN AUGUST ? erDrivefora Miscellaneous Taxes Double Last Yr. WASHINGTON, (HE)—Miscellaneous taxes yielded $135,616,324 last month, when first payments of processing taxes on farm products were made, the internal revenue bureau reported Saturday. This amount ? 'ce the yield was more than of miscellaneous 5?oportk>n~ trill-,be given acreage rentals ind benefit payments. No" farmer who does not promise to reduce acreage can receive a loan on the cotton he still holds. The loan plan is designed both to help the cotton grower faced with a shortage of available cash, and to increase money in circulation and thus further stimulate recovery. The cotton relief plans appeared to be part of a definite campaign by the administration to counteract farmers' inflation demands by giving them direct benefits. But the cheap money cry was taken up by soldier bonus advocates just as the clamor from southern and western farm spokesmen died down. The 1934 cotton program was announced by Secretary of Agriculture Wallace late in the day. after (Continued on Page Two.) 5 CHARGED WITH HUGE Investors in Mining Firm Defrauded DENVER, Colo, (TIE)—District Attorney Earl Wettengtl revealed Saturday what is believed to be one of the biggest swindles in the Rocky mountain regioj in years when he disclosed that the defunct North American Finance company and the Security Digest defrauded evies in August 1932, when $64,857,253 was collected. The first processing taxes totaled $13,449,894. Beer taxes during be month yielded $15,049,564, an jncrease of nearly $1,000,000 over 'Total tax collections, wer.e. $163,157,602 in August, more than covering, regularly budgeted expenses of the government, and a, balance .of $1.196426,579 has been built up, "froBj,J4fe«, rising -tax yield,,iuiil jtfce flotation of securities, tb meet, expenditures under the emergency recovery program. A sharp increase in the emergency expenditures is anticipated. So far, the public works administration has spent only $57,817,239 of its $3,300,000,000 fund. However, about half of the fund has been allocated for various projects, and, further allotments are being expedited. The agricultural adjustment administration has paid put less than $10,000,000 so far, but has been directed to speed the expenditure of $75,000,000 in the purchase of food and staple surpluses for distribu tion to the needy. Also, the A. A A. faces large expenditures in th immediate future for cotton loans Income taxes in August' nettec $14,091,383, a drop of $991,673 as compared with August, 1932, bu have increased during the curren month, due to Sept. 15 quarterly payments. • Treaty Revision PARIS CUR) — Germany has begun her long planned direct attack on the military clauses of the Versailles treaty in preparation for the Geneva disarmament conference next month, it was Indicated Saturday. Success may depend upon the degree to which Germany can persuade France that she will not secretly build up a war machine such as the treaty forbids. France is convinced that Germany is heavily armed now, despite the" treaty provisions. Linked up with the German campaign is the .plan for a period of international supervision of armaments regarding which the United States, France and Great Britain concluded a series of conferences Friday. Norman H. BaTis represent - J ^ United Stales. -•&"-..g r :. TRIM-TIMES READERS GIVEN CHANCE TO WIN Circulation Campaign Offers Remarkable Opportunity A program of circulation exten- j sion and expansion for the Anwsi Daily Tribune-Times anil an opportunity for profitable^ employ ment for scores of Story county men and women are linked together in the $6,500 DAILY INCOME campaign for new readers announced by this newspaper this w««k. It is a well known fact that no other single thing contributes so greatly to the htfflding and development of a city's standing as a trade area as a well-established and widely read dally newspaper. The publishers of the Tribune- Times recognize that the influence of Ames can be strengthened in central Iowa and that this city's standing as a trading center can be raised by sending their news- pper into hundreds of more homes in Story and surrounding counties and in order to secure those extra readers quickly and efficiently they have inaugurated the circulation campaign which is explained fully elsewhere in this issue. With general business conditions definitely on the upward trend. It was decided recently that the time was favorable for this ex- Administration Pushes Recovery Campaign on All Fronts; Will Buy 15,000,000 Tons of Coal for Poor WASHINGTON, OJJ^ — Climaxing a week marked by the most active inflation agitation yet, the administration pushed its relief and recovery drive into netv ground Saturday. The agricultural and treasury departments assumed speed and high pressure formerly centered at the-national recovery administration as emphasis shifted from codes to three new plans. These involved direct loans (o cotton growers, government purchases of farm surpluses for distribution to the needy and relief of deposits In closed banks. All three were regarded as indirectly inflationary. The president also considered a fourth new plan, involving government purchase of from 10 to 15 million tons of cpa) for the destitute. , The project for releasing deposits in closed banks is favored by bankers as a desirable alternative to outright inflation. Announcement of the' plan was considered Imminent but no hint was dropped as to what closed banks would*, be affected. Secretary Wallace delegated to assistants the -gigantic task of setting up machinery immediately for purchase of beef, dairy products and cotton seed surpluses to bolster prices and p'rovide relief for the needy. The plan is financed by the proceeds from processing taxes which have been levied on wheat and cotton and yielded ?13,4-19,S94 the first month. Byrd Makes Ready for Second Antarctic Expedition j " " ' " **' "'""•«'•*•'••••'«—•-•*'•'••*--ii ii ii • ii MI im>m^m>» t»..iiii,n». m*,wm<t»»~»ei***>m< < 11 n..4 EAGLE BOARD HERE investors and a Jftiining company $150,000. Theree informations South Dakota of more than charging embezzlement and larceny by bailee are pending against Emanuel Mendelson and Norman Franklin, brokc.'s, sought in connection with the purported swindle. Three co-d-efendants, who allegedly operated, with them, are free on bonds. Mrs. Quinnie Everly of Hermosa - S. D., a widow, he asserts, was swindled by Mendelson of mine stock worth $65,910 at current market prices. The stock, 195 snares i n the Homestake gold mining company of Deadwood, 7" J 0 ,? h ?34 -°00 when she transferred It to Mendelson in March. It has almost doubled in value since then. Test Your Knowledge Can you answer seven of these test questions? Turn to page 7 for the answers. DES MOINES (UJ2) — Autumn picnic parties will enjoy fair weather over the week-end, it appeared Saturday. Generally fai.- weather Sunday with possibility of slightly cooler temperatures in southern and western portions Saturday night was anticipated by Federal Meteorologist Charles D. Reed. Friday's maximum was 87 degrees at Albia and Iowa City. The minimum was 48 degrees at Iowa Falls. Only slight precipitation was reported. Conditions Here Unsettled Sat. Partially clouded skies, temperature in the eighties, an increasing humidity and the barometer at a low level, marked the weather conditions in Ames Saturday morning. The state forecast was for fair weather over the week-end. Temperature readings at the municipal light plant were: Friday, 2 p. m.. 84; 3 p. m., 85; 4 p. m., 86; 5 p. m., 84; 6 p. m., 80; 7 p. m., 74: 8 p. m., 67; 9 p. m. 65; 10 p. m.. 62; 11 p. m., 61; 12 p. m., 60; Saturday. 1 a, m., 58: 2 a. m., 5S; S a. m., 57: 4 a. m., 57; 5 a. m., 56; 6 a. m., 58: 7 a. m., 61; 8 a. m., 64; 9 a. m., 70; 10 a. m., 70; 10 -. IS Will Hear Complaints of Violations Complying Trith, . instructions from the national NRA headquarters, the Ames NRA executive committee has named a local compliance board, representing employers, employes and consumers, Mrs. ' Adolph Shane chairman of the executive committee, announced Saturday. • The committee includes M Hirschberg. Elmer G. Hart, Dave Edwards, Fred M. Klein, George Mayo and Mrs. W. H. Stevenson. According to the instructions from Washington, the legal member of the compliance committee will serve as temporary chairman, and will call a meeting of the committee. The six members or the committee then will elect serve as a seventh person to permanent chairman. The duties of the committee, according to the NRA instructions, are In the fields of "ed'u- :ation, conciliation and mediation n handling complaints of noncompliance with the president's agreements." The committee will endeavor o clear up any misunderstand- ngs that may exist on the part of employers or employes. The nstructions further state, Mrs. Shane said, that if an employer s at fault and "persists in non- ompliance, a report of his case may be. forwarded to Washing- on, with a recommendation that pansion program but instead ot bringing in a crew of professional subscription solicitors, the publishers . decided to pay the commissions to friends to the Tribune- Times here at .home and in addition to reward the most energetic workers with substantial cash prizes. The result of this decision is the announcement of the most generous circulation offer ever made by a newspaper in^centrml Iowa.- Tbr ; estfmated, -dlsifibutlffe of ic addition to the liberal prizes, will be an important contribution toward increasing the buying power in this community in the next three months. This generous undertaking was launched and will be conducted upon the high, plan worthy of the mtergrity and traditions of th/e Tribune-Times. While there will be; competition for size and value of prize awards, the plan does not .involve the old contest idea ot winning or losing, it is strictly a business proposition from start to finish. Every worker will be paid well for his time and efforts and in direct proportion to the results obtained. At least sixty-five hundred dollars in cash will be distributed in the next three months among the men and women, boys and girls of Ames and surrounding territory in payment • for work they will do in securing new readers for the Tribune-Times and extending the subscriptions of those who are readers now. Publishers of the Tribune-Time-s confidently expect this great extension campaign to be the most successful ever attempted in this territory and it is entirely possible that payments to workers will exceed the preliminary estimate. If they do, so much the better. Everybody concerned will profit in the campaign. The Tribune-Times will secure new readers quickly and efficiently, workers will receive substantial incomes for the next three months and subscribers will receive daily issues of the best small city newspaper published in the state. The Tribune-Times extends to DRAFFS PLAN TO PRICE Rear Admiral Richard E.Byrd's second great expedition into the Antarctic was in the final stages of organization when these pictures were taken at Boston. At upper left you see Chief Pilot Harold T,,«« J A J —I 1 TV J 'j* i. ;-- — - -.*« i+rr^* *v.ii. JUL* ov,(j W1.J1CV J- 4JLWL J,iO-l UIU June and Admiral Byrd as they discussed last-minute details for the two-year exploration trip At right is the Bear of Oakland,. former U. S. coast guard cutter which became famous for rescue work m the far north. The Bear will be the party's base ship, and is pictured as H was brought to drydock in Boston for minor repairs. Below is one of two aircraft to be used for flights about the southern continent, and over the pole. This is a huge twin-motored Curtiss Condor capable of no l*Tvi n cr TYI on in cti*ii »w anfe*pn*~i**1{ne. ....«} ~l n j .a * " carrying men, instruments, supplies, and sled-dogs. His blue eagle be ederal authority. removed by The compli- 1. How long did the American Revolution last? 2. What is the Jungfrau? 3. Under which president was Carl Schurtz U. S. Secretary of the Interior? 4. Where is the largest bell in the world? 5. Who wrote "Graustark?" fi. What |R i he Cheka? 7. Define jurisprudence*. S. What is the state church of Scotland? fl. Which planet i s nearest to tho sun? 10. DO lions need roooim to m., 78: 11 a. m., S3. Maximum temperature Friday, 86 degrees, 3:50 to 4:45 p. m.: minimum Saturday, 56 degrees, 4:15 to 5:30 a. m. Barometer at. low point, reading 28.9 inches at 11 a. m. Hoover Impressed By Fair Lighting CHICAGO (UR)—Former President Herbert Hoover was so picas- ed with the world's fair in its array of bright lights on a visit Frld- day nlRht that, he told manager I.pnox I-ohr that ho will return again Saturday evening Hoover and hi« w j fft ' tourC(1 , ll( , - Position Friday nlRht for five nlghU ,nce board shall have no power f enforcement except upon ex- ress authority direct fromWash- ngton." "The local NRA executive committee feels that, the business men of Ames have been trying o live up to the spirit and let- er of the NRA to the best of heir abilities," Mrs. Shane stat- d. "They hava by this time een able to adjust most of the ifficulties that seemed perplex- ng at first. However, If there should be anyone who feels that he has a justifiable complaint to make, he should bring it with the facts to support the same to the local compliance committee." Payroll Messenger Robbed in D. Moines DES MOINES <U.P) A messenger for the Union Mutual Life Insurance Company of Iowa was held up and robbed of $1,400 Saturday by a bandit who accosted him as he entered tho insurance company's of fice building here. The money represented the company's payroll, to be distributed Saturday. By UNITED PRFSS Dun and nradstreef. Inc. reports bank .ikarlngs In week ended Sept. 20 were 14,615,502,000 up 1480,476,000 from preceding' weuk, its many friends in tiiis territory the opportunity to participate in this extraordinary event. An early start means an easy finish. The announcement elsewhere in this issue explains the plan in detail. Read every -vord of the announcement. Then come to the Tribune- Times office or telephone 2400 or write a letter to the campaign department and signify your interest. Ask to have the details explained to you. This will not obligate you in any way but it may open the door to a golden opportunity. Then when you know the facts, make your decision, secure in the knowledge that you will be rewarded, that every worker will be compensated with real cash. Remember that some persons in this community are going to cash checks for $3,200 in prizes in the n?xt three months.-. Others, all who work, are going to cash checks for $3,3t 0 or more in commissions. There are no losers in this campaign. Don't YOU want to be a winner? HOLIDAY GROUP ASKS APPROVAL OF FARM CODE Support Demand With Threat of Nationwide Strike DBS MOIXES '(U.R) Farmers affiliated with the National Holiday association were preparing Saturday to "hold themselves in readiness" for a general strike which will be called if a four-point program is not adopted by the national administration. The association, with delegates assembled from 24 states, voted unanimously late Friday the report of its resolutions committee which instructed national president, Milo Reno, to send a delegation of three men ,to Washington •to present the farm demands to President Roosevelt. If relief is not immerlately promised, the resolution said, the association will immediately issue a strike call instructing its members to withhold all their produce from markets. The program demands: 1. An NRA code for farmers guaranteeing them cost'of production for all crops. 2. Definite pledge that the Fra- zicr mortgage refinancing bill will (Continued on Pas* Two) Code Making Gives Way to Work Of Administration in NRA Drive Agreements With Basic Industries May Be Revised to Shorten Work Week WASHINGTON (U.P.)—An "industrial empire," democratic rather than dictatorial, 1 'waits behind the changing national scenes, according to views expressed Saturday by NRA officials. A change of pace is appearing in the recovery program. Code making is giving way to administration.. Speed is demanded for expenditures in the $3,300,000,000 public work program to hasten purchasing of manufactured goods and ag ricultural products, thus dove-tailing industrial and agricul tural recovery. NRA leaders are putting on paper their ideas of what is to be done next. A board set up to formulate an Farley Directs New Legislation At 4th Class Postoffice Racket administrative policy has been joined by Gen. Thomas S. Hammond who has finished his assignment to head the president's reem- ployrnent agreement "blue eagle" drive. Granting wage and hour agreements to business establish- ments, pending codes, will be dis continued by Dec. 31. Another member is Col. R, W Lea, who piloted the automobile code thru to its adoption and is now assistant administrator for industry. They are -working with (Continued on Page Two) Student Revolt New Danger to Govt. of Cuba HAVANA <r.p> split be- WASH1NGTON (UP) There ought to be law. Postmaster General Parley told his assistant, Joseph C. O'Mnhoney, about racketeer- Ing by fourth postmasters. Some of these postmasters, whose pny ifl bnsed on 1ht> vnlue of stamps cancelled at their offices, Increase (heir compensation by mailing heavy pan;ol,i to rela- tives and frionds, Farley charged. A fourth class postmaster collects 160 per eent of the first, $75 worth of stamps cancelled at his office each quarter. Thus, if business is Black and normal bufiinesfl falls below $75, be, can make $1.(50 on rneli $i worth of slnnips he buys »r.«l uses nl lib own office. „.. ,„,„ o MniVmry in drafting leglslallofl I revolt -.f overwhelming to end i.b« rhckct. tween students and army enlisted men support Ins President Grau San Martin seemed imminent Saturday. The situation placed the revolutionary government in danger. Col. Fulsencio Batista, army chief, was reported angry because students refused to compromise with political leaders and conferred secretly with opposition leaders, preliminary to deciding the army's'. The government's life was saved for the monieni when it .apparently outwitted sponsors of a plan for a concerted revolt of rebel bands planted thruout the Island. Indications were that, the respite mlr?ht be brief nnd that If students' refusal to compromise continued, a " .. scope would begin. FRI-COlTf FAIR TO OPEN 20 Per Cent Slash in Corn Acreage Set for 1934 WASHINGTON KU.PJ — Tht agriculture adjustment admin, istration announced Saturday that purchase of pig« and sows at market premium under tht emerflency hog marketing pro•+ gram wiU terminate at th« close of trading September 29. CHICAGO, (U.E) — A new farm, aid plat of boosting hog prices $2 a hundred pounds by levying a processing tax, and of reducing corn acreage in 1934 by payment of a bonus, needed only the sanction of the. federal government Saturday to be offered to the midwestera jrain belt as an answer to demands for inflation or guarantee of production costs. The new plan was drafted by the national hog and corn committee. It was one of eight proposals before the committee and was expected to receive Wallace's approval at once. The reaction of packers to the increased processing tax of $2 was expected to be antagonistic. The plan provides, however, that the added cost be passed on by them to the consumer. The new program is threefold. It calls for continuance of the extermination of surplus pigs and piggy sows started a month ago under a plan to eliminate 5,000 000 hogs from the market. It proposed to advance hog prices to the pre-war parity price specified ia the new agricultural marketing act. Grain prices likewise hiked to a pre-war level. The grain phase of the program calls for payment of a bonus of 30 cents per bushel on the average yield per acre for land withheld from corn planting. To receive .fte. bouiis. .farmers . w mat,,jSpd** their corn-Harvest ut^itst^O pi* cent of their average production. It is proposed to reduce -the 1934 crop to 2,000,000.000 bushels. Enforcement of the new program would be swift after it receives official approval. The proposal callg for advancing hog and corn pfictt to the specified level within the next five weeks—before Nov. 1 The statement of the hog-corn committee read, in part: "The price of hogs should be advanced thru agreements between the secretary and the processors as quickly as possible so as to reach not later than Nov. 1 a price not less than parity F. 0. B Chicago, such price to include the amount of the processing tax The price of heavy hogs should be substantially less. The foregoing prices should be maintained until June 1, 1934. ... The processing tax should be placed in effect Nov 1 >.t the rate of $2 per hundred on all hogs. We recommend that the reduction of .supply resulting from th« Pig purchase program be supplemented to whatever extent necessary by converting surplus pork stocks into sausage for relief distribution." In addition, the committee recommended that all farmers who" market hogs weighing less than 220 pounds between Nov 1 and June 1, 1934, be paid a benefit of 1.00 per hundred pounds. WASHINGTON. <UJ!)_ Officials )f the agricultural adjustment administration sought Saturday to vhip into shape an orderly market- ng agreement to cure the ills of he flue cured tobacco producers Hearings on the debated agreement were concluded Friday. Most energetic objection to the agreement was preferred by Clay Williams, representing the larger ciraget manufacturers who proposed an alternative agreement which he held would be more workable than that offered by the administration. His objection was based on what he described as the unworkability of the agreement. Even resort to the licensing provisions of the farm act, the most drastic of the powers of that law. he said, could not force the buyers of flue cured tobacco to buy. Story City Host to Annual Event STORY CITY— The sixth annual tri-county fair will be held here Tuesday. Wednesday and Thursday of next week with splendid exhibits promised in the livestock and home economics divisions and in the flower show, which this year has been made a. part of the fair program. It formerly was held two or three weeks previous to the fair. A baby clinic and aports program are other features of tho three- day exposition. All livestock find srain exhibits will bo housed In the Highland sales pavilion. Hie. flower show will be held In tho bii1!-!!»K formerly occupied !>y (he. Henmuorc (Contlcued on faff* AUNT LINDY SAYS- The greatest general of all is general opinion.

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