Pampa Daily News from Pampa, Texas on February 19, 1935 · Page 7
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Pampa Daily News from Pampa, Texas · Page 7

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Tuesday, February 19, 1935
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TUESDAY EVENING, FEBRUARY -19, 1035. Tfifi PAilM DAILY NEWS, Pampft, f e*M PAGE SfeVEN LAWStllTS"ON GOLD BONDS ARE REGARDED AS LIKELY Continuing The flowing Under' Idea JJlfiTS WOULD HAVE TO BE BASED UPON DAMAGES BY JOHN T. SUTER, Associated Press Staff Writer. WASHINGTON, Feb. 19 (/P)— Amid the new deal jubilation and World excitement over the 5 to 4 * supreme court decision, under which all debtcrs could continue today to pay their gold clause obligations with present paper * money on a dollar-for-dollar basis, there arose these developments: 1. Some experts saw potentialities for future legal battles by holders of government gokl Montis who might go into court seeking to show they had suffered actual losses in purchasing power by the government's abrogation of the gold clauses. This view was based on ,the idea that the supreme court left the door ajar for future litigation when it ruled that congress acted unconstitutionally in wiping out the gold clause in government bonds but that John M. Perry of New York, the petitioner in the case, had not shown or sought to show that he suffered damages. 2. While President Roosevelt was "gratified," Secretary Morgenthau declared himself "very much pleased" and the administration tossed aside all its elaborate plans , to meet an adverse decision, there was much speculation over the possibility of a new legislative step. Observers watched to see if the government would make any move * to withdraw from holders of United States bonds the 1 privilege of suing in the court of claims to collect damages. 3. Senate inflationists, led by Senator Thomas (D., Okla.) started & new movement to drive the value of the dollar still further down. Thomas praised th,e court decision, declaring it shows congress has "unrestrlctable power in handling money." . ... 4. Sorne other democratic legislators thbught the decision might be viewed as a brake on any inflationary pendencies, In their opinion the' government might be called upon to pay huge' damages to hold r ers of i|ts gold bonds if the value of the dollar should- be sliced drastic- f allv - '••••' ' 5. A firm opinion thfit a bondholder would find it impossible to > prove damages unless congress later orders the bonds redeemed in gold and permits a frse market in that metal was expressed by an administration spokesman. He did not give his reasons', but some'other financial "'observers thought there would be difficulty in proving how much of any change in the purchasing power Of the dollar was due to the abrogation of the gold clause and how mvich. to other causss. 6. Wall' Street and commodity markets, after experiencing something of a frenzy of buying yesterday, hoped that the end to uncertainty over the gold clauses would prove a tone for the struggle back i to prosperity. I 7. There was no official comment ' on reports from diplomatic quarters in London that disappointed foreign helders'xOf United States gold bonds might asH their governments to take diplomatic action. The state department sent a comprehensive summary of the gold decisions to its embassies abroad so they would inform oth.er governments. T1-J9 discussion on the verdict premised to be almost endless.. The majority, headed by Chief Justice Hughes, ruled' that congress had power to nullify the gold clause in private contracts; that a gold certificate is. worth only Its face value in devalued currency, and that while congress had no right to abrogate the clause in government bonds, a bondholder could not col- CONSERVATIVES AND LIBERALS FIND HOPE IN GOLD DECISION lect more than the face value in devalued dollars unless h<e .showed actual damage. There was also much comment on the minority decision, rendered by Justices McReynolds, Butler, Van Devanter and Sutherland. Justice McReynolds, departing from the I SYNOPSIS: The Montana Kid written opinion, use-cl language of a strength rarely heprd in the court chamber. His remarks that A RAPID-FIRE ROMANCE BY, EVAN EVANS BY CLAUDE A. 'cRGGER, Associated Press Financial Writer. NEW YORK, Feb. 19 WV-Wall Street tried to decide today how complete was the new deal victory in the supreme court's gold decision. Managed money exponents and others holding liberal economic views were encouraged by the strong endorsement given congress in its regulation of the value of money, and the sweeping aside of such obstacles to that power as the private obligations, estimated at some $87,000,000,000. specifically payable in a currency of fixed weight and fineness of gold. On the other hand, conservatives hailed the pnrt of the decision asserting that, while congress could abrogate private obligations which contravened its powers, it had no authority to abrogate its own obligations. „. Even though the suit to force the *] government to pay in terms of the '" old dollar failed, because the plaintiff did not convince the court he had been damaged, the court found no grant of power in the constitution by which congress could "alter or repudiate its own contracts." Wall Street agreed in the main that the practical effect of this adverse part of the court's ruling, for & the near future at least, probably would be nil. Nevertheless, some legal and financial experts saw in this part of the decision a rebuke to congress which they thought might have a considerable moral effect and induce caution in future legislation. Tho also saw the possibility that at some future date a holder of a federal gokl bond might be able to prove damage, and thus In effect substantially increase the volume of the government's debt. A number of banking quarters expressed doubt, however, that the federal government would ever have to pay on these obligations in terms of the old dollar. They pointed out congress could legally forbid the court of claims from entertaining such suits, for the government can be sued only with its owh permission. Conservatives who sought to mm- SEX HORMONES ARE NOW MADE IN LABORATORY 'Rejuvenation' Is in No Sense An Elixir FW nun the constitution is gone" and "this is,Nero at his worst" brought varying reactions. Former Rep. James M. Beck of Pennsylvania, widely known as a constitutional lawyer, praised the McReynolds opinion as "powerful and moving." He said the majority decision impaired the sanctity cf contracts" and open- How One Woman Lost 20 Lbs. of Fat Lost Her Prominent Double Chin, Sluggish Gained Physical i "" ;£ "-- Shapejy ^remove the thalf teaspoonfujs'-'of K&trsCKESTSALTS in a^glass of hot watSr every morpttig—in 3. weeks.pget on the' SMKS and notq many pouiyjrf' ofTat have vanished. * Notice alsojfthat you 1; you 6 "e^^ui^)r Sl in feo/ff-KRU- ed this way for "the.Inflationists." Sounds I/ilie £erviee. Senator Thomas, on .the other hand, remarked ,that he would like to get a stenographic copy of the McReynolds address because it was more typical of the senate than the court room. As for the jury verdict— "I am greatly pleased," said Attorney General Cummings, who argued the cases for the government. Senator Robinson, democratic leader who arrived in such haste at the White House after hearing the decision that he left his hat and topcoat behind, said simply: "I'm satisfied," Other comments ranged from a gay jubilation -to pained sorrow, depending on the outlook of the commentator. In the hurry and confusion as the complicated decisions were interpreted, obeservers almost overlooked a dissenting opinion by Justice Stone. Standing with the "liberals", in the cases in which they upheld the new deal, he went even further and argued that congress could wipe out the gold clause in government bonds. . . The majority, while holding that congress could not do this, ruled that the question of collecting more than the face value of bonds in terms of devalued dollar was another matter. "As a remedy for breach of contract," they said, "plaintiff can recover no more than the loss he has suffered and of which he may rightfully complain. He is not entitled to be enriched." The - court, . in effect, held thfit buying power must be considered determining losses. This led to has an-anged with Rosita, daughter of an inkeeper whose. place is flard by the fort of Duraya,.an entrance into the fort. Montana, with Mateo Rubriz and Brother Pascual, plans to steal the emerald crown of Our Lady from the governor of Duraya, who himself had stolen it from the . church. Mateo and Pascual come to Montana's room in the inn for a talk. They hope to return the crown to Bishop Emiliano. "We Chapter 16 CAREFUL PLAN need," said Montana, man to hold our horses in the right place. Pascual will do it for us. We' also need 'soup.' Have some dynamite boiled down during tht. day to get it, Mateo. Get the fuse and the rest, we'll need to blow a safe, and some yellow soap to rut. a mold." ' . "What safe?" asked the bandit. "Up in the tower is the room of the governor, with his office in front of it. And in a corner o* the room there is an old safe 1 , but a strong one." "Are the emeralds in that safe?" asked Rubriz. "How can I tell? But if they're not in that srtfe, where' would they be, friend?" "Very well. That is one thing learned. What else?" "Hern, is a plan of the inside r> f the 1 fort, Every room and every gallery is marked down. And all the it in a certain rhythm, he'll be out instantly, and have her in his arms. If he should put his hands on Mateo Rubriz, instead, that would be only his hard luck, I'd say!" Down among the willows the light thickened earlier and there was a tone of green added to the gloom. Here, as the day ended with its sudden fires in the sky, Rubriz and Montana met the big friar. Brother Pascual was gravely and deeply excited. He led his own mule, the' great black stallion of RvJbriz, and .that red-silk beauty, the mare of. the Kid. As the darkness seemed to lift in a wave that closed at last over the walls ^ Fort Wuraya, the frair said: "If I could go with you, friends, it seems to me that I should be happier than any other man in the world." "Three men can be seen where two might slip by," answered Montana. "And knowing that you're out here, waiting, will make us that much stronger if we ever get inside the fort. "Wait for us till the morning," said Rubriz. "Then wait'again tomorrow evening. If we have not come by that midnight, go your way and forget us. Give my stallion to the bishop, if he's brave enought to ride the black horse." "And take the red mare," said Montana, "a good two days' march into the mountains. When you come to grass and water, and no imize the new deal victory pointed cut that the government won by a 5 to 4 decision. By HOWARD W. BLAKESLEE Associated Press Science Editor NEW YORK, Feb. 19, CAP)— A "rejuvenation" formula describee' from Vienna goes all the way in substituting the "machine" for nature's products. The sex hormones, which originally in "rejuvenation" were supplied hy transplanted glands, are now made in the 1 laboratory, synthetically, by Professor Eugen 8te- inach in Switzerland, says tin Vienna Montags Zeitung. By in jections the fertility of cattle ha been extended. Such an achievement a few years ago would have been called remarkable; but today It is commonplace. Many medicines, originally extracted from nature, are now made artifically, and purer than nature's own. The artificial production of sex hormones such as Dr. Steinach laims, has been approaching for several years. Among the pioneers were E. A. Doisy, Ph. D., of St. Louis, and A. Butenanclt, of Goettingen, Germany. In 1929 these two isolated ihe female sex hormone about simultaneously. It was put to immediate use medically for other things than "rejuvenation." Tho male sex hormones later were isolated from animals. They too were applied medically. For several years these harmon- es have been used medically for substitutes for transplanted glands by a few physicians both in the United Stales and Europe. Here is another Shirley Temple photograph for use in making up the scrapbook in the Pampa Daily NEWS-La Nora theater prize contest. Watch this paper and the theater ails daily for other Temple pictures for use in the sctapbooks, which must I>e turned in at The NEWS by r.'oon of Saturday, March 2. The contest is open to all children under 12 years of age. Pictures may also be cut from magazines, newspapers or original photographs. The scrapbook should be 8 by 10 inches in size, or larger, 'since The NEWS will give an 8 by 10 photo of Shirley Temple when each scrapbook is entered for inclusion on the front or early pages of the book. Start your scrapbook today; you may Win one of the 10 desirable prizes. And be sure to write your name, age, anil address on your book. Coin Collector Of City, Jimmy Bossey, Is Dead Jimmy Bossey, 49, died suddenly at his home, 319 South Cuvler street, early this morning. He had complained of feeling poorly for several weeks, but his death was unexpected. He had planned to go to his newly acquired farm in Arkansas and rest. Possessor of one of the finest collections of coins in this section, Mr. Bossey was well known as a hobbyist. He was born in Springfield, Mo., of Belgian parents. He moved to Pampa from Lubbock, six years ago, opening a restaurant. He later branched into the second hand business and had a popular store adjoining his cafe on South Cuyler street, Mr. Bossey is survived by his wife and one daughter, Miss Marguerite Bossey, Lubbock, and one son,. Jimmie Bossey Jr., at home. Funeral services will be conducted at 4 o'clock tomorrow af- The new thing in the Steinbach announcement appears to be the source of the hormones. Very few medical men use these remedies for "rejuvenation." There are other much more common uses for all the sex hormones as treatments for numerous ailments. The medical profession dislikes the word "rejuvenation" because it is misunderstood by the public. The use of the hormones prolongs only the lives of the sick, and only of those few among the sick suffering from something the sex hormone will alleviate. Similarly its effects on fertility apply as a rule where the normal process has gone awry. That is, the hormones are in no sense an elixir. Better Service On Mail Planes Available Here A chang? in air mail schedules out of Amarillo, effective tomorrow, \yi)I R'ive Pampa patrons better connections to the north and east, provided the letters arc in the post- office bv 12:40 p. m. The Santa Fc train leaving Pain- pa at 12:59 p. m. each day will niaks connections with a mail plane leaving Amarillo at 5:38 p. m. This plane with arrive in Kansas City at 8:52 p. in., and at St. Louis at 10:52 p. m. Mail will arrive in Pittsburgh at 4:05 o'clock the next morning. One plane will go to New •York, arriving at 6 a. m., while another plane will go to Washington, arriving there at 9:30 a. m. The schedule to Chicago will also be speeded. It will go to Memphis, Tenn., where it will be placed r.n board a New Orleans to Chicago plane, arriving in Chicago ut 6 o'clock the morning after leaving here. Letters posted after 12:40 p. in. wiH havs the same schedule as before. Mail for the west coast will reach Los Angeles at 7 o'clock the next morning after leaving here. San Francisco will be reached at 10:57 a. m.. and Seattle at 5:17 p. in. HOW TO TAKE PROFIT OUT OF WAR IS OUTLINED BY CLAUENCE M. WRIGHT, Associated Press Staff Writer. WASHINGTON, Fell. Ifl. (/P)— A "pay-as-you-fight" policy for nny future war was urged upon congress todny by the hoii'« committee on military nffair;;. After studying means of Inking; prufit out of war. the committee urged the establishment of a level beyond which war-time prices might not go. a 100 per cent levy on excess profits, and higher taxes for everybody. The report submitted by Chairman McSwain iD.. S. C.) said "outrageously extravagant profiteering" doubled the cost of the World war. Such measures as it urged, it said, would prevent that happening in any next war, and them would bo no ".staggering debt to consume the fiibHance of the survivors and of the succeeding generations." Of proposals to draft all wealth in war-time, the McSwain report said: "Some loose thinking, based on noble sentiment, has proceeded upon the theory that all of the, wealth of the nation would bs drafted and confiscated for the use of the nation in time of war. "A little more careful and analytic thinking would convince such persons that such, a plan and program would socialize and communize all of the property and industrial system of America. To contemplate such a result, is truly abhorrent." McSwain said a bill embodying fiigge-ticns, including price limita-. lion or "stabilization," would probably be offered this week. Since the house ways and means committee is the cnly one authorized to act on taxes, he 'urged upon it the suggestions to levy a 100 per cent tax on "all profits f.hown to be due to wartime business conditions." But Chairman Doughton (D., N. C.) of the ways and means committee replied, to newspapermen: "If the military committee's bill dcea wrtat it is designed to do, there won't be any war. So there will be no need for us to levy a 100 per cent excess profits lax." The military committee report es- limnted that the World war cost $:Hl,000,000,000, including around $10,000,000,000 loaned to allies. Hi determining losses. This lea TO fthe speculation as to how a bond holder would fare if, at r some future tirne, he could show that the new ; ijeal dollars he, Relives for his bond buy much .lew than the moriey he investei edf/"' i^ourt'i ._ Court's stand in upholding „,.„ new deal's nullification of the fold claus/ in all private contracts id secu/ities was based directly ititutional power of con- the monetary system." contracts interfere with •, it held, they must yield. Suffered) No Loss, gold certificate case, brought Eugene Nortz of N/ew York, SCHpN>flll gi/3 .any fat person surprUe/ ''Get" a quarter pound jar of ' KRUSCHENA&TS f\om Richards Drug Co., Mo., or \ny leading druggist anfiwhere in America (lasts 4 weeks). If this first bottle doesn't Convince you this is tfle easiest, safest and surest waiy to V lose fat —your money gladly returned. —Adv4. courts. And the sentry posts art marked in red, you'see?" "I see," said Rubriz, poring over the plan. "All that we need, .now- is a pair of wings to fly over the walls, unless the sentries are ready to shoot us out of the air." "Come to meet me, tonight, just after dark, at this same place. Or wait here the rest of the day with me," said Montana. "Pascual can get the horses, in the meantime. He can ke'ep them down in the willows by the bank of the river. You know where the willows are thickest, down there, Pascual?" "I know," agreed the friar. "Ay, but how to get into the fort?" demanded Rulbriz. "That will be managed. I know a certain way to tap on a certain postern down at the bottom of the wall above* the river. And my tap will bring out a certain sergeant with a smile on his face and his hands empty. If he leaves the door open behind him, can we trust ourselves to get inside, friend?" Rubriz began to sweat. .His face shone almost as brightly, as his majority, down, in the opinion of the the conclusion that AUTO PARTS 800 W. rd and Ghev- ,c. Points only bpH», Iv* eii, fuel un parts curs »t rlc*. See Phone , Nortz suffered no actual loss. If the government had paid hjim gold for his certificates, the court said, he would have had to turn the gold in to the treasury because holding the metal was illegal. He would then have received the same kind of paper currency which, in fact, he did receive for his certificates. This occurred before the dollar was devalued and so, the court said, the currency represented full compensation. eyes "What lies Inside the door?" he HAMMOND DIES SAN ANTONIO, Feb. 19 (IP)— Homer Hammond, 47, former president of the San Antonio baseball plub of the Texas league, died at his home here today. Illness forced Hammond's retirement from active management of the clu>'s affairs three years ago. Funeral services will be held tomorrow afternoon, —T-; fl««rr 1 OaUfornians 'consume appro.xU mately half of tWe 500,000 cases of ripe olives produced in this country annually, asked. , "A guardroom with two private soldiers inside!." "And these two?" "There are only two of them, Mateo." "Ay, but two can alarm ten thousand." "There was never any good plan without a little risk in it," answered. El Keed, shrugging his shoulders. "LooK!" muttered Rubriz to Pascual. "He is a devil, eh?" "He does work in the name 1 of a kind God," said the friar devout"And how <Jo yqu know that the fool of a sergeant will open the door when you tap?" ••'He is not a fool. He's only a man in love!." "Hai, brother! And you k«°w the girl a little.better than he knows . "Five hundred dollars worth better. That's all." "It's ft good • bit ,of difference." ('He's told her that if she ever comes to that,postern and raps on man's house in sight, turn her loose without a strap on her back.' "I shall do it," said the friar. "I swear under the eye of Heaven. Brothers, give me your hands." They were given to him, and he exclaimed in his great deep voice: 'We three'are bound together. The warmth of our blood commingles and the breath of one spirit moves in us. There is more than the strength of earth in us. Bishop Emiliano prays for you tonight. Be strong. Be patient. And I shall wait here and pray in my turn. If only I could fill my hands in this work, instead of filling my throat with words!" When the honest friar had finished speaking, the quick dark of the' night already had closed over the town, and Montana and Rubriz went up the slope towards the fort through the first black- Tliey were close to the black and rigid heights of the fort wall when they paused, out of a common impulse, and looked behind them. All the stars were shining except towards the east and south, where thick clouds had unfurled close to the horizon. Perhaps a storm was moving up from that direction. But all was placid arid the night was so windless near by thatithey could see the 1 thin faces of the stars in the shallows of the river Funeral Held for Aged Mother of Mrs. S. G. Surratt ternoon in the First Baptist cllurch with the Rev. C. E. Lan- calster, pastor, officiating. Burial vill follow in Fairview cemetery in charge of Pampa Mortuary. Members of the Pampa Odd Fellows lodge, of which Mr. Bossey was an active member, will act as pallbearers. The local lodge will lave charge of burial ceremonies. Canadian News CANADIAN, Feb. 19.—A number cf Canadian people went to Oklar homa Sunday to visit the Jones family, who were injured in an automobile wreck Friday and are in a hospital there. Walter Jones and his mother were not seriously hurt, but his father is in a serious condition. Funeral services were conducted yesterday morning in Carthage, Mo., for Mrs. Carolyn McCarty, 80, mother of Mrs. S. G. Surratt of this city. Mrs. McCarty died at her home in Oklahoma City Thursday night following a lengthy illness. Mrs. .McCarty was well known hero leaving spent three summers in Pampa. She was survived by three daughters, Mrs. Surratt, here, Miss Grace McCarty, Westchcster, Pa., and Miss Harriett McCarty, Oklahoma City, and two grand- FOOTE IN DENVER Gaston Foote, minister of the First Methodist church h^rc, was authorized by the board of stewards to continue his studies at a Denver, Colo., theological school which he has attended at various periods since last summer, it was | announced. Mr. Foole is in Denver 1 this week but will return lor the services Sunday. K'o will spend next week in Pampa. TKAIN KILLS TWO BROWNWOOD, Fob. 19 Iff)— Two men were killed today at a railrcad crossing 0 miles east of Brownwood .when a SantS Fe train demolished Miss Frances Clark has retutrned from a visit in Pampa. Ileane Clark accompanied her. American Legion Auxiliary met ast evening for initiation service ncl a social hour. children, Carolyn and Bob Surratt. The Surratt store here was closed yesterday morning during the time of funeral services. Mrs. Surratt had been with her mother for some time before her death. VETS TO MEET TONIGHT .Membership and attendance will be stressed at a meeting of the local post, Veterans of Foreign Wars, at 7;30 o'clock tonight at the American Legion hut on West Foster avenue. Commander Hamp will preside. A discussion Americanization program in local schools, a yearly activity of^ the Veterans of Foreign Wars, wjf held and preliminary plans, event made. All members., to attend the importa loop near the where the good brother Pascual was waiting for them. "Now, I tell you this," said Ru- briz, softening his mighty voice to secrecy. "It is better to have the naked prayers of a fellow like that Pascual than a hundred strong men at your back." . .Tomorrow, Mateo and Montana tap on the 1 postern gate. Buy your made-to-measure at Kees & Thomas. (Adv.) Mrs. P. V. Bryant went to Okla- City yesterday afternoon for visit. THIRTY T DALLAS—Lots of, representatives are appointed//£rhirfy they are by Mrs. ing - _-„.- .. Hughes, who .^. become the state'.s^rst Use Daily NEWS Classified Ads Autoi/obil/i Lo'am Wash and or make car Satisfaction aftaranlced. called for jnid delivcrc J. L. Matlock, G2, pioneer Brown county ranchman, and an employe, 112 N. SomerviJJe Sludcbaker^Dcal Bill Williams of Amarillo was Sweep It Out, Keep It/Out! HOUSE j>ULL OF IT AFTER TI^E/ STpRrvl?/ // ,»'< NE state be clis- ,, announced seat'vacated AIR FORT EVACUATED QALVESTON, Feb. 19. (/RJ—Qrad- ml evacuation of Fort Crockett by selvei he Third Air Attack group started |rj .oday, fifteen planes \vlnging'tQ0i wards new quarters at Barksaale field, Shreveport, La. Fifteen mpre jlanes will leave Wednesday and Thursday and the entire unit wW depart by March 1. The im}t of 700 nen, 60 officers and 45 planes has been stationed here since 1926. The 69th coast artillery anti-aircraft unit of Fort McClellan will sup- olant the air corps here. ot them- fijrm. The smoking. Checks COLDS And FEVER first day ~ Tablets Headaches Salve - Nose Urops in 30 minutes YOUR CHOICE MEN'S & BOYS' CAPS— TOM The flatter ' annual fight is the/time to prevent st dirt a.tid grime! EARLAND WEATHERSTRLr and, furthermore, will Rave" its cost jn These weatherstrips installed in your home pro* vide Comfort and Health and carry our guaranteed service. Estimates made ... no charge ... no obligation. It costs you nothing to find out. -ELKi

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