Ames Daily Tribune from Ames, Iowa on October 30, 1933 · Page 5
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Ames Daily Tribune from Ames, Iowa · Page 5

Ames, Iowa
Issue Date:
Monday, October 30, 1933
Page 5
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Sign Up With NRA *>• your duty. Vow «•«*« NOW. Mm**, •nd jroine. .,., «*' W ro« delay. Ames Tribune STORY OUNTY'S H DAILY VOLUME WKATBBB Generally fair M«u y nlfM Tuwwlay, cooUr Tu*tday «*4 •» wttt and north-central Mrtl»M Monday night Official Amu and Story County Pap«r AMES, IOWA, MONDAY, OCTOBER 30, 1933. —— — _ — — ""•""— —w«~-», vvxvufiB, ou, i»gg. Unlt , a PrMt Wjr , s«rvlct jjo 10 » GOVERNORS HEAlTRENO'S DEMANDS U TO BUY HOLD IN WORLD MARTS TO BOOST PRICES Roosevelt Broadens His Field of Activity WASHINGTON, (UP.)—The United States arranged Monday to buy gold in the world market, a decl- slon which created speculation on whether developments in Presi-1 dent Roosevelt's campaign to raise commodity prices might lead to an international monetary war. Stringent efforts were expected to compromise any threat of a straggle on currency among the world's financial powers, the United States Great Britain and France. The government Monday raised Its price on newly mined American gold to $31.96 an ounce from the $31.82 cent level of Saturday. The price was an over-night advance of 14 cents an ounce and 55 cents above Monday's world price. Divergent Purposes The divergent purposes guiding economic policies 6f the three powers were: 1. The United States Is attempting to raise commodity prices by depreciating the dollar. 2. France is battling to keep on the. gold standard. Whether she might be forceJ off despite her huge gold reserves or in retaliation against America's currency activity remained an unanswered question. 3. Great Britain, with Grandma Runs Away on Graf ... the pound sterling off gold, has been trying to keep the pound down on the exchange to better her position in international trade. However, the pound shot upward in is now near £6,500 Cash Opportunity Still Knocks S" There still is opportunity for new contestants to enter the Ames Daily Tribune-Times circulation expansion campaign, and to share in .he $6.500 cash distribution which s to be made thru daily commissions and prizes to be awarded at the conclusion of the drive. "Don't let 'Double Vote' days pass without seeing you an active candidate," warns the campaign manager. To any one who has been thinking of entering the campaign, this is a word of real wisdom. "Don't let yourself believe that later subscriptions will be worth more votes toward the capital prizes than now," the manager continues. "Your first, second and third week extra votes, together with the opportunity double votes now available can place you in a (Continued on Page Two.) Grandma believes in going the limit when she runs away. So Mrs. Elise Christian Holland, 74, of Chlcag-, is a passenger on the 1 Graf Zeppelin, bound for Ger- ' TTianv CtcnnstinTlvr +« *,*+* TT TV- The president's program, amplifying his declaration a week ago for a managed currency based on a dollar of unchanging purchasing power, was announced Sundav Bight. .^Ir. Roosevelt apparently \was unsatisfied with the extent of the effect o£ his domestic gold buying program which was inaugurated last week and the price of gold run up from S31.36 to $31.82 an ounce. This failed appreciably to depreciate the dollar or raise commodities and the executives summoned his advisers. After a lengthy-conference, it was announced, briefly, but significantly: "The subject under discussion was the immediate setting up o machinery under which the gov ernment thru the reconstruction finance corporation will be enabl ed to buy gold in foreign markets.' Conferees included three mem bsrs of the so-called brain trust Professors James EL Rogers George Warren and Henrj Bruere Also present were ranking govern denburg. Telling her grandchildren that she was "going on a visit," she boarded a train for Akron and booked passage on the Zeppelin. Oldest woman passenger the big ship has carried, she is pictured here just before the sGraf sailed from Akron. mental officials, Eugene governor, federal reserve Jesse Jones, chairman, Reconstruc' tion Finance corporation; Dean G. Acheson, undersecretary of the treasury; George L. Harrison, gov- «rnpr. Federal Reserve bank. New Tork; Henry Morgenthan, jr., governor, farm credit administration; J. E. Crane, Federal Reserve bank, New York; and Fred I. Kent, Federal Reserve bank, New York. Stun* Washington The suddenness of the decision to buy gold in foreign markets (Continued on Page Two) General Strike Is New Threat to Grau San Martin Regime HAVANA, (HE)—A - 48-hour general strike, most serious threat so far to the Gran San Martin government, began Monday with three bombings in the capital's central district. The strike, called by the national confederation of labor in protest against the alleged killing of ten laborers by soldiers at the Jar-' St C9ntra1 ' began at mid " Promptly at that hour a large b0m v,, e ^ ploded outside the printing establishment of Rambla. Bouzaf and company. Iron railings and ; door were smashed and window buTdin SS s hattered 1D «***>** Drys to Fight For the Return Of Prohibition (Copyright 1933 by United Press) Repeal of national prohibition expected to become an actuality Dec. 5, will find the drys with a nucleus' of 19 dry states with which to begin their campaign to put a dry provision back in the constitution, Pecora Scents Evasions WASHINGTON uTE)—Evidence that Albert H. Wiggin, deposed head of the Chase National bank, avoided income tax on vast profits, of his securities corporation was prepared Monday for revelation by senate stock market investigators. With it will be r.evealed a glimpse of how money makes money when the Chase bank inquiry is resumed Tuesday. a United Press survey .Monday. indicated Test Your Knowledge Can you answer seven of these test questions? Turn to page five for the answers. 1. Locate Lake Ladoga. 2. What color is the precious stone carnelian? 3. Whot wrote "The Lady O f Sh lott?"' 4. Give the first name of Webster, who compiled the dictionary thaj bears his name. 5. What Is the twenty-fifth wed- anniversary called? From what is eucalyptus oil Most of the wet states are prepared to regulate the hard liquor govern traffic or will be by Dec. 5, the Black, survey showed. A strong trend for board; the package sales liquor control plan, with consumption of strong alcoholics-in hotels, restaurants, or bars prohibited, was noted. That drys hope to replace the eighteenth amendment with one even stronger was reaffirmed Sunday at Detroit by Bishop James Canon, jr., who predicted "prohibition will'be returned, state by state- just as we got it before." The states that will remain dry after national repeal are, Alabama, Arkansas, Georgia, Idaho, Kansas^ Kentucky, Mississippi, Nebraska' N'orth and South Carolina, Okla- loma, Texas, Tennessee, Utah, West Virginia, Wyoming, North and South Dakota, Vermont. Several of these states plan re- erendums on repeal of stat.e dry aws. Alabama votes Nov. 7* with ittle prospect of repeal; Nebraska, West Virginia, South Dakota and iVyoming will vote in 1934. The liquor control plans already devised follow roughly the same saltern with the saloon outlawed n practically all states. California and Connecticut will allow the" sale of packaged liquor or consumption off the premises f the seller. Wines may be sevred nly with meals at hotels and estaurants. Delaware and New Mexico will ermit the sale of packaged liquor hru groceries and delicatessens with on-the-premises consumption permitted in hotels, restaurants and clubs. New York's traffic will be regulated by the state commission set up to regulate beer, but detailed rules are not complete. Montana will have state liquor stores. Nevada's control law provides for local rule and special liquor boards. New Hampshire will permit free sale of ales, beers and wines cf no more than six per cent strength. New Jersey has its old "tavern and inn" statutes which will serve until new laws are passed. Evidence in the possession of investors shows how the" young bank clerk of 1885 rode the war and the Coolidge booms to a glittering, golden reward. But he could not survive the Hoover depression. The bank which-he made the greatest in the world dropped him last Jaaaary. f Wiggin told the United Press he regularly paid large, income, taxes on his remuneration front the bank and other corporations. But he and his counsel explained that statement was not intended to include his; personal corporations. Multi-million dollar profits were accumulated by these institutions. Other financiers have been shown to have avoided income taxation. Mere avoidance does not imply illegality. Three of Wiggin's personal corporations were shown by Ferdinand Pecora, committee counsel, .to have earned for Wiggin $10,425,657.02 profit in five years dealing in Chase stock alone. This revelation brought from Winthrop W. Aldrich, new head of the bank, a hot denunciation of the practices which made it possible. The story of Wiggin's profits, however, has .only begun. His personally owned corporation dealt in many securities in addition to stock of the Chase bank. DR. EARL RICE SUCCUMBS TO HEART ATTACK Prominent Physician Is Stricken Here Sunday Dr. Earl Rice, 67, Ames physician and president of the Union story Trust and Savings bank, died at Ms home, 614 Hodge avenue, atout 4:30 a. m., Monday, slightly more than 12 hours after he suffered a heart attack. He was stricken Sunday about 4 p. m., just as he and Mrs. Rice were leaving home for an automobile ride. Tho in ill health since a fall about three years ago in which, a leg was injured, Dr. Rice had been feeling good and proposed to take the drive with Mrs. Rice under the sunny sky and balmy atmosphere of Sunday afternoon.. He was at the wheel, and had gone only from the residence to Sixth street when he began t feel very bad. He turned abou and drove back home. Once i; the house, his condition becam serious, and he declined rapidl; until his death early Monday. Funeral services will be helc Wednesday at 2 p. m. from th Congregational church. The Rev Le Roy s. Burroughs, rector o St. John's-by-the-Campus (Epis copal) and the Rev. H. K. Haw ley, pastor of the Congregationa church, will officiate" jointly Burial will be in the Ames ceme tery. The body will lie in stat at the Duckworth funeral parlors Wednesday from 10 a. m. unti 12 noon.. Dr. Rice leaves his wife; one r How's NRA Working Out? They'll Know! son, Dr. Earl R. Rice of St daughter, Mrs of Harlan, la. Louis, Mo.; a lone Carpenter and four brothers, Dr. T. L! Rice, Ames dentist,. J. B. Rice and W. P. Rice of Canton, Minn., and S. O. Rice of Portland, Ore. He was born December 8, 1865, ont JljE^, " n- r * "»-—**»-'W"J.\*». nty^Iowa. 1 Electing to enter (Continued on Pagt Two) Story County Pays 099 on 3 Shortages NEVADA—A total of $599.88 In answer to the NRA questionnaire sent to employers asking informatioA on the number of w aT n , be ?? tadde l t0 thelr payrolls under NRA - more than 1.000.000 letters have been t - .. te« , .»» «« * 9-fn i V Lea ; ^ Sistant NRA administrator, is seen (left) at capital headquarters -aita some of the 200 clerks of the census bureau tabulating the replies. EDUCATION WEEK PLANS COMPLETE Legion, Schools, PTA Cooperating Gold Lure Revived in Old West 1 Plans were being Monday for observance completed, of American Education week in Ames next week, with the Ames jpubllc schools, the American Legion and the Parent-Teacher associations of the city cooperating. American Education week officially opens, Monday, Novemner i, and continues thru the follow- 12.- It? is a national . movement sponsored I jointly by the National Education association, the federal bureau of ducation in the department of the interior, and the American Legion. The week has not been observ- in Ames in, recent years, but will be revived with an extensile •rogram this falL American Education week is an nstitution of 12 years standing, esigned primarily to awaken a arger interest among the Ameri- of Story county funds . has been I can pe °P le toward the' national paid to the state of Iowa by the treasurer's office' here as this «• 7. ed? the "H" in whales sound- Arizona is working out a control plan of packaged sales. States where commissions or leg- slative committees are considering control plans are: Illinois, Iowa, assachusetts. Michigan, Minneota, Missouri, Ohio, Oregon, Rhode siand, Virginia and Wisconsin. Colorado. Louisiana, Penusyl- , Maryland and Maine plan The Shermar corporation—named after a daughter and son-in-law -gained Wiggin - $5,594,333.26 in a single year on Chase stock. (Cortinued on Page Two) Three Are Held On Liquor Charges; To Be Arraigned Mon. NEVADA—Three men were in Story county jail here Monday awaiting arraignment before Justice Dana on liqucr charges. Everett Clapp of Ames was arrested at Roland by Marshal Leonard Larson Sunday night and was brought here by Sheriff Hattery. Nearly three quarters of a gallon of rlleged wine was found in his possession. He will be charged with intoxication. John Prescott of Nevada and Bailus Solbrack of Roland were arrested Sunday night in Nevada by Sheriff Hattery and Deputy Hanson. They, also, will be charged with intoxication. county's share in making up losses suffered in Cass, Scott and Johnson counties thru shortages in treasurer accounts. Of the total, $12s!4S ^m go to Cass county, ?340.72 to Scott county and $133.68 to Johnson county. T^he apportionment is made by the county auditor under state law which provides that should a shortage occur in any county, all counties shall aid in making up the loss which remains to the county after the treasurer's bond has been deducted. For instance, should a $20,000 shortage occur in any-county, all other counties would, under state law, be required to aid in making up the $10,000 loss remaining after the treasurer's $10,000 bond is taken up. The section of the code under which apportionment is made reads: "When the loss which is .to be replaced has been determined by said auditor, he shall in writing filed in his office apportion the same to each county of the state, including the county suffering the loss, in the proportion which the taxable property of each county bears to the total taxable property of all the counties of the state." Should any . county refuse, when drawn upon, to pay its assessment, the state would the following year draw upon it for the same sum plus a 25 per cent penalty. school system, and to promote a better understanding between parents, taxpayers and the schools. Week's Program The week's program provides for talks before * prominent civic groups, visitation programs in the schools, and including also some means of patriotic instruction in the schools incident to Armistice day, which this year falls on Saturday, November 11. The Ames post of the Legion at its last meeting voted to sponsor the week here, and a committee was yarned which includes Prof. C. A. Iverson as chairman, John E. Hiland and Floyd H. Corliss. The committee has been at work with Superintendent M. G. Davis of the Ames public schools and has outlined the week's program. Due to the fact that the Ames Forum is bringing Superintendent J- W. studebaker of the Des Moines public school system here for an address on' Wednesday night of this week, at 7:45 o'clock, that event is being scheduled as the opening number on the educa- New life stirs in ghost towns of the old west and pick and pan play a tinkling tune along hundreds of watercourses and on hillsides of Pacific coast and Rocky mountain states- Thousands are hunting-gold, since higher prices came by Roosevelt edict. Above is shown a typical sluicing operation. The gravel comes down the flume, which is "riffled" to hold the sparkling particles. Common Ground of Service Brings Newspaper and City Hall in Close Cooperation tion week program. Mr. Studebaker will discuss the Beatty- Bennett tax bill passed by the last legislature, and its effect upon Iowa's public schools. Forum Meeting Public The Forum gathering is public, and all parents and taxpayers will find a personal interest in the discussion. It is a most appropriate topic for education week consideration, and the committee with approval of the Forum committee is (Editor's Note: This is the eighth article in a series on "•the Newspaper and Its Place in the Community.") In a previous article the subject Greeks bury their composcd th ' Oyut Canadian Deaths Drop MONTREAL ttLI!>_ Death* from diseases in Montreal ditrin/? the fight months ended AUR. 31 19,13 totaled 6,10$, compared with (i'tiOG during the ttanic period in. of service which the newspaper performs in keeping the citizens of Ames informed upon the affairs of municipal government was discussed. The present article will deal more fully with the task of covering the Ames city hall. At tho outset, this discussion offers an appropriate opportunity tor ery department of municipal government. It is unfortunate in many respects that so many other American cities present such difficult problems to the press in covering its field of service. Daily Battle This writer during the course of his newspaper career has labored in cities where fie daily contact with the police department, with the mayor, with other public oftic- ers was a daily battle of wits and wordage. The only common ground upon which the public of- announcing it as a part of the education week movement. The next event will be the meeting of the Ames Rotary club, Monday, November 6, when Superintendent Davis is scheduled to speak on the Ames public school system. Parent - Teacher associations, thru prof. E. R. Henson. presi dent of the Ames Parent-Teacner ^ council, rxre being asked to arrange for visitation programs In all schools when parents may see their children in regular classes. High School Night In addition to visitation programs in the elementary schools, (Continued on Page Murphy More Generous Policy on Loans DUBUQUE OJJ>)—The clamor for more liberal loans by the federal land bank at Omaha has resulted in a more generous credit policy. U. S. Senator Louis Murphy said Monday. ^Declaring himself dissatsitied with the bank's management of farm loans under emergency gov ernment legislation. Murphy said he had been promised that any farmer dissatisfied with the bank's valuation of his security could ask for a review of his case. Murphy said that of 11 recent applications from farmers in Dubuque and Jones counties, five were rejected. Only one, he said, is a Local banks had against the 724 tho Amps Daily Tribnne-Thnos to Hcinl and the news -eporter could doubtful risk. loaned $14,000 acres involved but the Omaha land bank had refused loans on all of them. "The bank isn't thinking right in respect to first mortgage loans." Murphy said. "It should envision prices to come with recovery." STRIKE HEAD HAS 3-POINT PROGRAM TO AID FARMERS Proposes Moratorium, Inflation, Pegged Prices DBS MOINES OLE) — A three' point immediate national program for agricultural recovery and * state embargo on export of all farm produce were asked "by the National Farmers Holiday association Monday at a conference of 10 mid- western governors and a represent, atiye of the agricultural admini*. tration. Wielding the club of a fann strike now 10 days old, the holiday association, thru its president^' Milo Reno, asked for a national moratorium on evictions and farm foreclosures, a peg for farm pricei and production cost levels and immediate currency inflation. •., The Farm Bureau federation, which has backed government farm efforts under the "new deal," wa* to be represented later by Charley E. Hearst, president of the Iowa federation. Compare* Plane Reno drew a sharp contrast between government efforts to sava industry and the methods employed by the agricultural administration. His words were heard by Gov. Clyde L. Herring of Iowa, Gov. Tom Berry of South Dakota, ,Gov. William Laager of North Dakota, Gov. Floyd B.«OIsoa of Minnesota, Gov. Alfred Schmedemaa of Wisconsin and representatives of Illinois, Indiana, Nebraska, Kansas and the federal government. The meeting was called by Governor Herring. Reno said that it was impossible for the farmers to repay their debt* because they had received ?27,500,000,000 less the cost of production for their crops between 1919-1932. The result, Reno asserted, of diametrically opposite policies of NRA and AAA is to widen and fix by law the disparity, between agriculture and. industry rather than di- miBM.,fte_disjsSt 1 gS5£.,- i i Solution of "the difficulty, "M Reno's, opinion, is- for President Roosevelt to declare a moratorium on all mortgage foreclosures and evicitions until cost of production prices are reached, "to peg the prices of all principal agricultural commodities at cost of production, level f. o. b. the farm, and to expand national currency. Midwest governors should order embargoes on exports "of all farm commodities .(Continued on Page Five) Rev. Pierson, Family Leave Monday The Rev. Lester A. Pierson, for the past 10 years pastor of the Ames Lutheran church, left Ames with his family Monday morning for Madison, S. D., where he has accepted a call to the pulpit of Trinity Lutheran church in that city. The -Rev. Mr. Pierson appeared jefore his congregation Sunday morning for the last time. The church was packed to the doors. The popularity of the pastor, his express its appreciation for the fine spirit of cooperation and the splendid assistance that havo marked the relationships between various departments of municipal government and this newspaper. This Is an unuRunl sil.miion, one in whii'h exists splo.ulid hnnnony between the public press and cv- wnlk was that of public service. Each sought to perform thnt service in his own way, and that the ways could not agree wa« largely a matter of personal opinion and of ehnnee. It, is therefore <i pleasant, experience to work with t!if officers of (Continued on Pago F«ve) Litvinoff Visits Paris on Way Here PARIS, U'JR>—Maxim Lftvinoff. soviet Russian foreiffn minister, arrived Monday on his way to Washington to negotiate with President Rosovelt. Litvinoff was missing over the week end. He arrived heiV at rO: 25 a. m. It was understood Mtvlnoff would sen Joseph Pnnl-Honcour, French foreign Monday, minister, later . F. C. Announces Plan to Aid Banks WASHINGTON, <T.P>—The Reconstruction Finance corporation announced Sunday night the formation of a special machinery to strengthen the capital structure of the 9,000 banks in the nation which are not merrtbers of tho iVileral re- servo ayatem. The purpose of the plan, which calls for the R. F, C. to purchase preferred stock and capita! notes "f the banks, is to pet the institutions in shape for the federal do- Posit insurance law, effective January i t amily and his work here has been great, and it was with great regret n the part of the congregation hat he is leaving. His new church s larger and the new position is ne of promotion, "Victory In the Lord" was the ermon topic thru which the Rev. Mr. Pierson bid farewell to the congregation. Music numbers that had been particularly favorites of the 'pastor were sung. The choir sang "No Shadows Yonder" (Alfred R. Gaul) from the oratorio "The Holy Cky," Mrs. Arthur Eschbach sang "My Task" (E. L. Ashford). The entire congregation at the conclusion of the service sans the old hymn "God Be With You Till We Me«n Again." The Rev. A. W. Molen of Trinity church, St. Paul, who has accepted the call to the Ames church, will be here for his first service Sunday, Nov. 19. Visiting pastors wil! preach in tho meantime. The Kev. Carl Opsdahl of Jewell will bo iu !he pulpk next Sunday. Tho min- uter for the following Sunday has not been determined yet. Suggests P. O. Site for Free Auto Parking Large crowds in the 'downtown business district thruout the day and evening Saturday brot again to the forefront the problems of automobile parking. Motorists could be seen driving about the block seeking openings :o park long enough to spen few minutes shopping. i City Councilman J. S. Doff las proposed one temporary sol'uv. tion. He advocates the site tor he new postoffice for public free parking. The site is cleared of buildings* There are trees and a few cellar excavations. But with little effort, he city street department could have the ground raked of nails, place temporary fences around the holes and open the lot for parking. The question of obtaining permission might arise, but there probably would be no objection until building operations start, and to await official permission from Washington would mean waiting as long as for the postoffice itself, Mr. Dodds said. "Why not just go ahead and use it?" he asks. "It's lying idle, and no one knows when the building will b» started. We could park a lot of cars there during busy hours when parking space is hard to find on Main street." AUNT LINDY SAYS- Some find it very pleas* ant to "be yerself" because y" can wear yer old clothes and act just like y'*»lw8,yi do.

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