The Brooklyn Daily Eagle from Brooklyn, New York • Page 1

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ROOKLYN DAILY EAGLE WALL STREET CLOSING PRICES i ae Id g1 -1 THREE CENTS. 90th YEAR No. 262 ic NEW YORK CITY, MONDAY, SEPTEMBER 21, 1931 36 PAGES if Peter J. Brady Dies as Hall Plane Crashes Crash in Staten Island DIES IN PLANE CRASH HOOVER URGES LEGION AID U. S.

TO SAVE; SHORT SALE BAN SPURS STOCK RALLY wwm Sets 2 Houses Afire- One Woman Perishes APPROVES jjgp -'Jj Rails Advance 10 to 25 Points In Fast Trade 18 Promise to Pray ForCalholic Judge; Freed Eighteen persons of the Jewish faith who appeared in Coney Island Court today on minor charges were given suspended sentences after they had pleaded guilty on their pledge to go to the synagogue and say a prayer for Magistrate Thomas F. Casey, who heard President Says Treasury Can: Bear No More Hints Bon in Would Undue Strain on Federal Finances Now Commons Acts To Ratify Halt Of Gold Basis Snowden Tells House Situation Is Critical-Thanks U. France sas ii aaaaV jf I Olympla Arena, Detroit, Sept. 21 (P) President Hoover today called upon the American Legion to enlist In a. peace-time fight for Government economy designed to lead the world out of the slough of depression.

Solemnly warning the annual convention of the legionnairca against the "grave risks" of increasing Federal expenditures, either through further veterans' or other legislation, the President likened the world economic crisis "second only to war" and expressed confidence that "by united action we will lead the world In recovery." Hailed by Thousands Thousands lined the concourse and streets surrounding the Union Peter J. Brady, president of the Federation Bank and Deputy Dock Commissioner In charge of Floyd Bennett Field, crashed to his death today In an airplane that set fire to a bungalow at 39 Wellbrook Meiers Corners, Staten Island, In which an elderly woman burned to death. The pilot of the plane, James Goodwin Hall, escaped uninjured. Hall, who represents the anti-prohibition organization called the Crusaders, took off from Roosevelt Field this morning and proceeded to Floyd Bennett Field, where he picked up Brady. They were bound for the Amercan Legion Convention at Detroit.

Hall said he believed that, while he was flying "blind" through a thick fog that hung over Staten Island, his plane had touched the top of a telegraph pole or a building and that this caused damage that resulted in disabling the plane. "We left Floyd Bennett Field at 12:12 o'clock and everything was all right then," Hall said. "I expected to get to Detroit at 3 o'clock. When we got out over the bay we ran into a heavy fog. I was flying In a southwesterly direction.

Over Staten Island that fog was heavier. I know I was flying very low at times and maybe we 'tipped' a pole or abuilding. "I pulled the stick to get up higher and began flying by my 'blind' instruments. I couldn't see a thing. From time to1 time there were holes In the fog and I could We the ground and I could see we were too low.

I pulled the stick, trying to get altitude, but there was no response. Then the wing began trembling violently. "I realized that a crash was to come and I shouted to Brady to Jump. Then 'we dived into more fog and the next I knew I was being catapulted into the air. I puller the parachute and It opened part way and then landed on the roof of a Hall said he had been flying at a speed of about 90 miles an hour end 'at a Tieight of somewhere toe-tween 100 and 200 feet.

The body of Brady, his left leg amputated and burned, was found at a distance of more than 50 feet 5,000,000 Shares Sold Cotton, Grain and Commodities Rise Stocks rallied sharply today, some 10 to 25 points, after breaking to record low levels In the morning on the break of the pound sterling to $4 against parity at $4.86 and the disruption of world markets. Commodities such as grains and cotton also recovered early losses which carried them to record lows. Widest gains were scored in the afternoon, with the railroad stocks leading, in some issues bears were in a very bad panic, with prices Jumping two and three points between sales. Trading approximated 5,030,000 shares. Short Bar Aids Rally The recovery was facilitated by the action of the New York Stock Exchange in preventing short selling.

The rule was invoked before the opening to prevent a demoralization of prices. As a result, when buyers entered the market there were few offers of stocks in many Instances. Reading Kaiiroad common soared 27 points to 79. Atchison and other rail shares were up two to ten points from the lows. Westlnghouse XT.

Steel, Case and other stocks, which had been under bear pressure, not only re gained losses, but were up 3 to points on the day at times. Short Role Criticized There was a great deal of criticism in brokerage circles over the InvO' cation of the short-selling rule. It wss feared that large advances which were resulting would be fol lowed later with wide open breaks. Specialists were permitted to seU short, however, in certain instances. Trading turned quite dull in the afternoon and price movements were very erratic as a result of the ruling and various other factors.

Leading stock quotations were: Hlnh. Low. 74'. 3 D-m, u. s.

so SO', up 70 up Rfaillng 7S 48 Un. Pac lio'i H7Vi up 4V. W'lllnithoUM. 52'. 4VV 51 up 4' AM B5'i 8R' 04 '4 up 2V, Am.

Can ....84 78 2" up 12. A. T. A in.iv 141 un Vi Atchlaon 105 liaup 5s. Clan Mnl.ora.

2fl'ii 2ft, lip t. T. As 18, IMi 18 lip N. y. Ontral.

83 S7Vi 83 up Curb Slumps, Rallies The curb market slumped badly at the opening but made partial re covery in numerous directions later. Issues with British or other foreign Please Turn to Page 3 2 Lost Fliers Saved at Sea Halifax. N. Sept. 21 (By the Canadian Press I It was reported here late today that the Norwegian motorship Belmoia had picked up Christian Johanssen and Ferando da Costa Viege, who disappeared with Wily Rody on a flight from Portugal to New York.

The report did not mention Rody. The 3elmoira, which Is on its way from Albany, N. to Russia, re ported earlier today that It had found wreckage believed to be the transatlantic plane which was last sighted off the Newfoundland coast. Aged Man Ends His Life in Central Park An unidentified man about 70 ended his life ths morning by firing a shot from a revolver Into his right temple in Central Park opposite Central Park West snd 61st Manhattan. Peter J.

Griffin Quits Court Race; Accuses Krug Nassau Candidate Says County Chief Promised Bench Post to Cuff The Judgeship situation exploded in the Democratic party In Nassau County today. Dominic B. Griffin of Garden City, a leading candidate for the one nomination for the Supreme Court bench that will go to the Nassau Democrats, withdrew from the race and accused County Leader Philip N. Krug of deceiving him. Griffin said he has been convinced that Krug promised the nomination to State Committeeman Thomas Cuff as far back as last April, when Cuff went to Albany "to assist in the deal for the distribution of the Jobs." Griffin's Statement Griffin's statement, made exclu sively to The Eagle, follows: As a candidate for the nomina tion for the Supreme Court bench, had the Indorsement of the Nas sau County Bar Association.

I was Informed by Mr. Krug that the question was an open one. I have since discovered that I was grossly deceived by Mr. Krug. Mr.

Cuff went to Albany last April to assist In the deal for the distribution of the Jobs created by the Please Turn to Page Mexican Catholics Plan Church Courses Mexico City, Sept. 21 An ex tensive program of religious Instruc tion will be started In the Catholic churches of the Archdiocese of Mexico Oct. 1, under orders of Arch, bishop Pascual Diax, to counteract abolishment of religious courses in the public schools. Priests have been ordered to give several lectures weekly. Cramer Plane Debris Brought by Trawler Hammerfest, Norway, Sept.

21 (PI -The British trawler Lord Trent bound tor the White Sea, called here today with the wreckage of what Is believed to be the airplane In which Parker D. Cramer, American flier, and Oliver Pacquette were lost in a flight from Detroit to Copen hagen. The oil tanks on the floats were full, he said. The clock stopped at 1:30. Copyright, Underwood A Uoderwoald Brady.

Elisha Walker Home Rifled of $45,000 Gems Noel Scaffa Joins Investigation of Rohbery at Wheatley Hills, L.I. Wheatley Hills, L. Sept. 21 Burglars left the home of Mr. and Mrs.

Elisha Walker here on Wheat-ley Road In this community late last night or early this morning with $46,000 worth of Jewelry. The loot was covered by insurance. Noel Scaffa, Investigator for the Federal Insurance Company, was on his way to the Walker home this noon to Join Nassau County detectives in the Investigation. According to Detective James Parrell of the Syosset precinct, who made a preliminary investigation, the stolen Jewels included two diamond bracelets, two diamond pins and two pearl necklaces. Detective Parrell reported to his superior.

Inspector Harold R. King, that the preliminary investigation showed no evidence that an entrance to the house had been forced. Mr. and Mrs. Walker retired at 12:30 a.m.

on the second floor the Fulton Cutting home, which they were occupying through the Summer and early Fall months. The jewels were in a vanity dresser in Mrs. Walker's room. On the dresser was Mrs. Walker's pocketbook containing $50.

The pocketbook was missing along with the Jewels at 7:30 a.m., when she awoke. According to Detective Farrell, there were seven servants in the house. The windows of Mrs. Walker's bedroom overlooked a porch roof. Neither the screens nor the windows shewed evidence of having been forced.

Mr. Walker Is well known Wall Street broker, 2 Hit With Guns In Grocery Holdup Three armed men early today held up Edward Boyle, manager, and John Cordano, his helper, in the Thomas Roulston grocery store st 2667 Pitkin forced them to a rear room, struck both on the head with the butt ends of pistols and then escaped with 100. Aqueduct Results FIRST RACS Brandon Raw. 104 Rente p. 10-1.

4-1, 3-1. Ural Paihlon Show. 10S irlor). 1-1, 1-2. aecond: Chirf'a Camilla.

100 IQ. Rom i. 4-1. third. Tlma, 1 00 St.

Mica. Teach Ml, Sky Allaht. Aiiatara. Reeompana. Batay Manor.

Nea-dlM, Laca Shawl. Zonda, Tonina. aPWlng Brigade. aStratagT. Moony, Defarrad.

Ogy- Jia and Roaaan Dhu alto ran. a Trainer FltMlmmona antry. R. II. E.

J. P. Morgan Morgan Calls English Move Aid to Trade Optimistic Over 'Second Step' in Restoration of British Industry London, Sept. 21 () J. P.

Morgan today expressed to the As sociated Press optimism regarding the situation arising from Great Britain's sensational suspension of the gold standard. He said it was a "hopeful and not a discouraging event." Mr. Morgan made this statement in reply to a question from a correspondent who sought him out In his private office not far from the Bank of England. "This step seems to me to be the second necessary stage in the work of the national government, the first being the balancing of the budget," Mr. Morgan said.

Sees Trade Restored "The completion of the government's work will be the restoration of trade in this country." "This being the Mr. Morgan continued, "it seems to me a hopeful and not a discouraging event and one which brings the great work of the government much nearer to accomplishment." In receiving the Associated Press correspondent, Mr. Morgsn broke an almost ironclad rule never to grant newspaper Interviews. His father observed the same rule before him. Shows No PeuimUm But once the distinguished banker decided talk no one could have been more cordial.

He discussed the situation for almost an hour, and while it Is not permitted to quote him any further than above, it may be said that In the entire discussion he did not express any pessimism. And be added a word of tribute for the character and stsbility of the English people. Several other financiers expressed similar opinions; without exception Please Turn to Page 2 1-Year Arms Truce Proposed by Italy Geneva, Swltserland. Bept. 21 The Italian government proposed to the League of Nations Assembly today that a gentlemen's agreement be arrived at for a one-year armament truce on land, on sea and in the air.

The proposal wss presented to the disarmament committee in which Hugh R. Wilson. American Minister to Switzerland, had Just taken his seat. Station to welcome the President and his party. Other thousands lined the streets en route to the Olympic Convention Hall.

There were no loud demonstrations until Mr. Hoover took the platform to begin speech. Then the hundreds of Legionnaires, in uniform and civilian dress, rose and cheered the Presl- dent. Ralph T. O'Neill, national commander of the Legion, introduced the President.

Newton D. Baker, war-time Secretary of War. made an appeal to the Legion members to display the same "reckless courage" they revealed in the war in solving the problems of the present sge. The speaker declared that the greatest loss from the World War was the "loss of faith" and added that what is needed most now Is not merely business confidence but that "higher faith" in the free Institutions of a democracy. he said, was the only nation strong enough to compel peace.

Text of Speech The text of President Hoover'a speech follows: My fellow countrymen of the American Legion: It is a pleasure to accept the invitation of your commander to attend your convention. I am led to do so at a time of most pressing public duties because I wish to lay frsnkly before you Important facta which I am sure you will wish to- have, and I wish to point to an opportunity of service which you can give not alone to your members but to the country at large. I need not recount that the world is passing through a great depression with grueling dally emergencies alike to men and to governments. This depression today flows largely from Europe through the fundamental dislocations of economic snd political forces caused by the great war. In which your service brought bloodshed to an end and gave hope of reconstruction to the world.

America Will Lead World Our economic strength Is sucti that we would have recovered long since but for these forces from broad. Recovery of the world now rests snd swalts In no small degree upon our country, the United States of America. Some individuals msy hsve lost their nerve and faith, but the real American people are digging themselves out with industry and courage. We have the self-containment, the resources, the manhood, the Intelligence and by united action ws will lead the the complaints. Casey la a Catholic.

Six of the prisoners were accused of peddling on the beach; eight were accused of gambling with dice, and four others had been arrested on various minor charges. "Today Is a great holiday for the Jews, and I want to show some of my high regard for their great race," Magistrate Casey said. "If you will all give me your word that you will go directly from hera to the synagogue and say a prayer for me I'll suspend sentence." All the prisoners gave the required pledge. British Action Is Viewed With Hope in Capital Opportunity Seen for London to Benefit Self and World Conditions Eagla Bureau. Calarada Building.

v' Rr HENRY StIYDAM Washington, Bept. 21 Tbs; titude of the American Government toward Oreat Britain's sbandon-ment of the gold standard is one of hopeful reserve. No msjor officer of the Administration would comment for publication, but the American Government realizes that the British an nouncement is the most Important financial development since war, fraught with economic and social consequences, the outcome of which It Is impossible to foresee. The general hope of the Administration Is thst in the end the abandonment of the gold standard will enable Great Britain to put her finances In order, with a consequent beneficial effect on the economic situation of the world. Effects Uncertain It is realised, at the same time, that the lowering of the value of the pound sterling, the standard In all international finance, Is a development of the utmost significance.

What that significance will prove to be, for England Itself, for Europe and for the United States, is a matter of the merest speculation. The Cabinet announcement that Great Britain intends to meet her foreign obligations on a gold basis Is reassuring both to the American Pleaae Turn to Page G.O.P. to Back 30 Million Suit Against State Leaders Agree to Bill to Permit Bank of U. S. Depositors' Claims By CLINTON L.

MOSHER Republican legislative leaders have agreed to back a proposal made by Mas D. Steur under which the Legislature will pass a bill authorising depositors In the ex ploded Bsnk of United 8tates to sue the State for approximately $30,000,000. It was learned today that Steuer, on his' recent visit to Albany, has given Governor Roosevelt until Jan 2 to adopt the proposal as his own and to initiate the proper action in the Legislature. If the Governor falls to act. the Republicans will Introduce their own bill.

If Roosevelt vetoes It, 8teuer will rip Into the State Banking De partment and its superintendent. Joseph A. Broderlck, in a fashion designed to force a legislative in' vestlgtlon of the department. Probe Threat In other words. The Eagle was Informed today, the situation may be summed up as follows: either Roosevelt backs Steuer's proposal or a legislative Investigation, which the Democrats have blocked to date, will follow.

The importance of the threat lies In the fact thst Democrats st Albany, concerned chiefly with the Roosevflt-for-Presldcnl boom, are London, Sept. 21 (JP) Philip Snowden, Chancellor of the Exchequer, this afternoon Introduced before the House of Commons the Government's measure suspending: the gold standard. The House then set in motion the machinery which will speedily give legislative effect to the government's new financial crisis program. in bringing up the gold standard measure the Chancellor revealed that Prime Minister Ramsay Mac-Donald and himself had received from the Bank of England a letter setting forth that recent French-American credits totalling have been practically ex hausted. Obedient to the government's program announced yesterday, the Stock Exchange was closed today and from cities throughout the world came reports that other exchanges had followed the example set by London.

The chief exceptions were New York, Paris, Rome and Madrid. Prince ef Wales There The floor was thronged at the opening while the galleries were packed to the limit. The chiet figure among the spectators was the heir to the throne, the Prince of Wales, entering the chamber early and taking his customary position over the clock in the peers gallery. Young Lord Melchett, son of the late distinguished industrialist, sat at the Prince's right, while the French Ambassador Was at his left. The session opened with the usual question period and Prime Minister MacDonald announced measures of amelioration for some of those hardest hit by the economy program involving pay reductions.

To avoid hardships to teachers, police and the three defense services, the Premier said economy reductions in no case would be over 10 percent except for the higher rates for commissioned officers in the defense service. Pay Cuts Protested This announcement was of particular Interest. Men of the lower ranks of the navy have complained that reductions for some of them would reach 25 percent, leading recently to a protest and a short "passive strike." Teachers slso have been protesting against a possible 15 percent cut in their pay. It was over an hour after the House convened before the vital business of the day could be tackled. Shortly before 5 p.m.

the Chancellor arose and asked leave to bring in the government's measure suspending the gold standard, and even then 10 minutes more was lost while Please Turn to Page Ex-Vice Officer Has Vanished, Seabury Finds Harry Singer.Who Rank' ed $40,000, Wanted for Quiz on Liquor Vice Squad Patrolman Harry Singer, revealed In the magistrates' court Investigation as having banked $40,000, resigned from the force on Sept. 4 and disappeared. It was disclosed today at Seabury probe headquarters. Police Commissioner Mulrooney Informed Seabury that Singer's resignation was not accepted but tha Singer quit anyhow, forfeiting his pension rights, among other things. Sesbury's process servers hsve been unable to locate him.

Singer was much desired as a witness, possibly with Immunity conferred on him, to reveal the secrets of the wealth accumulated by himself and other officers working on vice, gambling and liquor matters. Seabury last week, following the Investigation practice In the matter of city employes, sent word to Police Commissioner Mulrooney thst the wealthy policeman be produced for questioning today. Mulrooney then notified the chief counsel of the cltywlde Investigation of Singer's resignation. Two other wealthy police officers, who have yet to explain the source of the affluence to Seabury's satisfaction, were questioned by the Inquiry chief counsel today. These were U.

John W. Kenna. the veteran, gray-haired police officer who had charge of the Hell's Kitchen area in Manhattan for number of years, who was disclosed from where the engine lay. Other parts of the plane were distributed over a wide area on the ground. Woman Burned to Death The plane sent out a shower of sparks as it hit the bungalow roof.

Mrs. Maria Tritto, 60, was aitting in the yard of her bungalow and sparks from the gasoline set her clothing afire. She burned to death before she could leave the yard. Her pet cat died with her. The flames swept her bungalow and the adjoining bungalow of her grandson.

James Marches). Mar-chesl's wife and boy escaped. By a strange twist of fate "Pete" Brady, a popular figure in political and labor circles, was appointed to the Deputy Dock Commissioner's post as a tribute to his enthusiasm for aviation on the day Mayor Walker sailed for Europe. And he met his death on the day of Mayor Walker's return from Europe. Open Cockpit Flane It was stated at Floyd Bennett Field that Hall and Brady were fly ing In Halt's low-winged, open cockpit plane, a ship similar In design to Colonel Lindbergh's plane before It fitted with pontoons.

Hall was flying the ship from the forward cockpit. Brady rode in the rear. The ship is so constructed that both men had an equal opportunity to get out of the plane In case of emergency. The cockpits, fore and after, are covered with transparent hatch covers which can be easily slid back. Hall's plane, a Lockheed Altalr called The Crusader, had been used by the banker In a number of speed flights to various cities In the country in the interests of prohibition Please Tarn to Page Court Blast Laid to Bomb A terrifiA explosion shattered several windows in the rear of the Supreme Court Building at Baxter and Worth Manhattan at a o'clock this afternoon.

Early reports indicated that a bomb had been exploded. The windows of the courtroom In which Samuel Seabury, counsel for the Hofstadter Legislative Commit tee, held an open hearing recently are only 30 feet north of the point where the explosion took place. However, police did not see any significance In this point. THE EAGLE INDEX rata IT ts-s IT 1 ta ta ts-ss tT ts 14 11 1i AttaUaa ClanlStS Aai Baalfc NaMaaa Dr. aradr, Patri, Paataraa.

Batta a4ari' PrlraM Ksakaaia Eallartel rakl Laat aad raaaS, Naaal, Caaitat adta Phla Nawa Tkaaaira. Blaa Waaaaa'i faaa Jaaa. world in recovery, BASEBALL The American Legion, born of' world emergency, wields great influence throughout our country because It speaks for a generation which has proved Its citizenship by offering its all to its country. You of the Legion have a peculiarly sacred stake In the future of the country which you fougnt to preserve. You have proved your den votlon In camp and battle.

You have rieaae Tnrn to Tare I AMERICAN LEAGUE FIRST GAME Brokerage Firm Suspended From 'Changes; Ask Receiver 00000000 0- 030 Red Sox. 00200000 282 Batteries Ooffman and Bengnngh; Durham and Connolly. FIRST GAME 10000010 0 2 11 0 Athletic 0 1 0 1 000 1 3 8 1 Batteries Hognett and Grmbowakl; Rommel and Hevfng. Teacher Finds Eagle Far Ahead in Results "I must ssy thst I am Impressed by The sdver-tlslng supremacy," says W. Hajmrr, 1801 Dorchester Road.

"As a tutor for backward children and adults, I have sought students through vsrlous papers. Yours hss given by fsr the best results snd my classes are larger now than ever before." How are your enrollments? If they are slow, if you hsve unfilled classes. Eajle Instruction Ads. csn help you. Private Individuals, scsdemlc and business schools sre using them with remsrkable success.

Csll sn Ad-Tsker st MAIn 4-S000 snd charee It. The Dole in England; What It Means, as Viewed by If. J. Allen The brokerage firm of Schuyler, Chadwick it Burnham, 100 Broadway, Manhattan, was suspended by the New York Stock Exchsnge today because of Insolvency. The floor member of the firm Is Charles K.

Knoblauch. Other members are the estate of 8ldney Schleffelln Schuyler, Walter B. Tut-hiil, Hugh H. Caterson and Charles J. Raleigh.

David Oakes was a spe-cls-l partner. The New York Curb Exchange also suspended the firm from associate membership. Members having contracts with the firm subject to the rules of the exchsnges were ordered to proceed immedlstely with closing them out. It was Indicated In Informed circles thst the firm carried the accounts of prominent hustness and political men wba bad tkn posi tions In the local traction stocks which declined steadily last week. Following the suspensions an involuntary petition in bankruptcy was filed In Manhattan Federal Court against the firm and Its members.

The house wss sn old firm, having been admitted to the Stock Exchange in June, 1906. It exercised considerable Influence In former years. In recent years It hss done a fairly large general commission business. A branch office was maintained in Montclair. N.

J. Mr. Knoblauch held membership In the exchange since Oct. 4. 1803.

Mr. Raleigh, who was admitted to associate membership in the Curb Exchange Sept. 14, 1931. and represented the house as curb floor member, is a life member of the Crescent nea as Turn to Tft Beginning Tuesday The Eagle will publish a series of articles on "The Dole In England" by Henry J. Allen, former United States Senator and former Oovernor of Kansas.

His account of the history and workings of the much-discussed dole will be based on a careful study made at first-hand. rtease Tint to Plaaijd) Xvf Pi 13, jl.