Nevada State Journal from Reno, Nevada • Page 1

Pink Section of Tomorrow's Journal Presents'" Lowest Food Prices METAL PRICES NEW YORK, Jum'lSi-- (UP)-Bar Silver--Spot off Copper 8c Lead--E. St. Louis 405; N. 4.20 Zinc--East St. Louis 4.30f4.35 Established November 28, 1870 Client of the United Press Associations THE WEATHER Forecast for Nevada--Fair Friday -And Saturday, but with afternoon thunder showers In continued warm.

TEMPERATURE YESTERDAY. Highest. 9 3 Lowest Volume LXII. No. 322.

RENO, NEVADA, FRIDAY, JUNE 16, 1933 PRICE FIVE CENTS PRESIDENT WINS; CONGRESS ADJOURNS Bank of Nevada Incorporation Articles Are Filed TWO VITAL MOVESARE EXECUTED Judge Guild Rules Public Funds Not Preferred Reno City Council Increases Wages Of Employes RETURN CARDS Eccles Asks Prompt Mailing to Speed Opening Two developments yesterday speeded the processes necessary reopening Nevada's closed banks. They were: 1. Jndje Clark J- Guild ruled in the Ormsby county court that public funds in the closed banks are not preferred deposits. 2. The Bank of Nevada, the new bank which is to replace the closed Wlnffield banks MIC reorganization program, came into corporate existence with' tfie rtfcaroiC With W.

G. GreaOiouse, secretary of state. The Incorporotcrs are Forrest W. Eccles, J. Clarence Kind, Edwn B.

Dyer, WlEiwn H. Johnston and Henry J. Oazln. The first board of directors constitutes the incorpw- ators and In addition Angelo F. Scanavino, Charles Henderson.

William H. Moffat, Silas E. Ross, John Chartz, J. M. Leonard, -H.

P. Davis, W. W. WeatJiers. Burlington M.

Carlisle, George Gunzendcrfer and Mcrtey Oriswold. Provisions of Articles Ounzendorfer and Orif wold are on tihe board to fill vacancies pend- General Default In War Debts Is Made by Powers U. S. Receives but 8 Per Cent of Money Due in June ins the appointment of the manager of new bank, and the tteterenination of Whether the Churchill County Bank will pamtici- pabe in reorganization. The articles provide that the principal place of 'business will be in Reno, 'that- the new bank may maintain branch offlcas Wells, ETko, Sparks, WUmemueea, Carson City, Virginia City and Tonopan and in such other cities or places in the State of Nevada as the board of directors may determine.

The authorized' capital stock is $500,000, divided inso twenty thousand shares of the par value of $25 per share. The surplus is $500,000. New Mortgage Company Nevada Mortgage Corporation is the asms given to the mortgage company, -which has a capital stock at $3,500,000 of par value of $1 (Continued on Page Two) Raise Is Effective Immediately; Aids Many Effective immediately, a wage increase of 10 per cent was granted Reno city employes at a recessed meeting of the city council last night. The increase affects all em- ployes who voluntarily took a 20 per cent wage cut last February. It will add approximately $3,000 to the monthly city pay roll.

Bills amounting to $28,000, contracted by the city during the past seven months, will be paid up to the WASHINGTON, June mo nth of May. Of the $21,000 owed general default of the June war debt ne siema Pacific Power Company, installments, except for partial pay- i ments by Great Britain, Italy, Latvia i and Caechosovakia and full payment of the small amount due from Finland, resulted today. Small Payments 1 The United States received less: than eight per cent of the $143,605,294 due. i Of eat Britain was paying 000 leaving an unpaid balance of the June installment of Italy was paying $1,000,000 leaving an installment balance c-f $12,545,438, and Czechoslovakia was paying from $150,000 to $200.000 of the $1,500,000 due. Latvia late today announced intention io pay per cent of her installment.

Interest Paid Finland met its interest payment of $148,592, in full. Since President Roosevelt has informed the British that he did not characterize its partial as a default, it was assumed the same interpretation would be other partial payments. The principal defaulting nations were France. Belgium, $6,325,000, and Poland, $3,559,062. The other defaulting countries were Bsthonia, Hungary, Lithuanja, Roumania and Jugoslavia.

$6,000 will be paid to cover the' months of December and January To Pay Bonds An approximate amount due the city from the Jun.e installment of taxes was given at $63,000 by C. H. Knox, chairman of the finance committee, out of which city expenses for the next six months must be paid. A -bond debt for city improvements amounting to more than $10,000 will also be paid the (first of July, the council ordered. Taxes Due Aside from other sources of revenue, the city will have on hand little more than $10,000 after the bills ordered last night are paid.

More than 12 per cent of the June installment of taxes are yet to be paid, it was reported. Miscellaneous revenue amounting to $24,000 will be collected during the next six months and along with license revenue, it is expected that by the time the December taxes axe due, the city will be in fair financial condition. HIT BY Many Homeless Dike Breaks at Kelso as KKL8O, June -Hastily constructed shelters housed 600 homeless families- 'here tonight as swirling Hood waters, released fay a sudden break in Coweeman river dike, swept through Krfso. Thousands of dollars damage was reported. Seventy-live headf of cattle drowned, but no of Me was reported Refugees, many of whom waded waist deep In water children on their shoulders to reach Higher ground, were quartered in upper stories of the high school.

Efforts to plug the 250 foot breach PASADENA, June armed men today held up the dena National Bank and escaped In proved futile" late today to $3,000 after (forcing two and hwak continued to widen employes and a customer to face the and flood additional lowland areas, wall under of death. Horse Spared When Bolt Kills Cowboy FLORENCE, June piaytd a fatal trick on Robert Size, 24-year-old cowboy, here today. Size, a resident of Florence, was riding herd on livestoc so there would be no danger of a stampede during a thunder storm, Al Dresen- der, deputy sheriff, said. A bolt of lightning killed Size instantly--but left his horse uninjured. Mellon Named in Second Tax Suit PITTSBURGH, June second claim against W.

L. Mellon, executive of the Gulf Oil corporation, based on allegations that Mellon owes the government more than $2,000,000 in income taxes, was filed in federal court today by Albert R. Knight, Balfour Circle, Del. Roosevelt Sends Appreciation Note WASHINGTON, Friday, June 16. --(U-B-JTeskJent Roosevelt sent to congress early today a letter pressing his appreciation of fwork done during special session.

The letter was read in. both houses by Vice-President Garner and Speaker Rainey. Bandits Hold Up Bank in Pasadena AMERICAN DELEGATES IN VICTORY Two Major Issues of U. S. Win i London STABLE MONEY Pound and a Values to Be Fixed MATTERNIS LOST AGAIN Flier Long Overdue on Hop Over Pacific June 15.

A double victory for American diplomacy was achieved at the world economic conference today, prior to the indefinite adjournment of the plenary sessions tonight. The American viewpoint prevailed en these two major issues: 1. Stabilization of the pound and dollar, in relation to the French franc. 2. Naming- of James M.

Cos, of the United States delegation, as chairman of the economic conference's vital monetary committee. The United Press learned reliably that the pound and dollar would be stabilized, at least temporarily, at around $4 to the pound--the figure favored by Washington, as opposed to about S3.50. favored by the British. The plenary named Herdrikus Colijn, of Holland, chairman of the economic and trade committee before adjourning at 6:07 p. m.

until further notice. Prime Minister J. Ramsay MacDonald, of Great Britain, presiding, praised delegates for the promptness with which they dispatched their work in four days of "plenary sessions, and remarked he had seldom seen a world gather- I ing of such importance run off so i smoothly. The conference now goes into i second phase 1 in which the two chief i committees, the monetary and the' economic and trade, will hold separate sessions and, with aid of the experts, develop a definite program for restoration of trade and financial stability. This plaji will be laid before the general plenary of the conference when ready.

'EEZ EET Maurice Chevalier, ioc, is inteiested in finding new screen talent-especially 'ceaatiful young wcmen who may listen to him. siug. Perfect, msa too. will be selected for parts in the film. "The Search for Beautj." The Nevada State Journal and the Majestic theater are conducting the contest here.

See page 3 for paiticulars. NOME, Alaska, June for thesafety of James Mattern, globe circling flier, ware felt here lat-9 today as the hours passed with no word of the long overdue aerial adventurer. At 2 m. P. S.

T. (11 a. m. Nome time) no word of his progress had reported for 23 V4 hours. He had been expected to arrive from Khabarovsk, Siberia, a 7 a.

ni. P. S. T. Mattern was believed to have encountered a heavy fog bank extending as far south as the Aleutian island chain.

A possibility existed he was forced down one one of the numerous lonely islands in the Bering sea. KING TO VISIT BANGKOK, Stam, June --King Pnajadhipofe plans -to proceed to ttie United States, via, Europe, in January, for an operation on his left eye. Wife Goes After Money in Big Way LOS ANGELES, June Mrs. Ida Rose Anderson will collect Jier next alimony payment with a truck. Bert Taylor Anderson, her husband, unable to pay his divorced wife $50 a week for support of herself and her 8-year-old daughter, offered instead ito transfer 10 tons cf hay her.

Court Commissioner Elmer D. Doyle agreed to the trade. RAILROADS ANNOUNCE WAGE CUT; BROTHERHOODS GIRD FOR LONG AND BITTER FIGHT CHICAGO, June' 15 (U.Pt--Rail- toacis of the nation served formal notice upon their union employes today for further 12 per cent reduction in wages. The reduction would be effective next October. A 10 per cent voluntary pay reduction has been operative for a jear and a half.

Approximately 1,000.000 railroad workers, their families and their mode of living would be affectsd by any change in the wage scale. seciuently a bitter fight was forecast. Union executives declared unalterable opposition to the proposed reduction. It appeared likely the conflict between the giants of transportation on the one hand and the giants of on the other eventually would be submitted to arbitration under the railway labor act before peace is restored in the troubled railroad household. Kidnap Threat Made To Horace E.

Dodge NEW YORK, June ace E. Dodge, wealthy Detroit manufacturer, returning with his family today on the liner Europa, revealed that his two young children had been threatened with kidnaping. Mrs. Sankey Freed In Bphn Kidnaping ST. PAUL, June F-Mrs.

Pern Sankey was acquitted tonight on a charge of being an accessory the kidnaping of Haskell Bonn, son oi the millionaire refrigerator manufacturer. The jury returned its verdict after six hours deliberation. Medics Choose Iowa Man for President MILWAUKEE, June --Dr. Walter Lawrence Bierruig. Des Moines.

la, was chosen president- elect of the American Medical Association by the house m. delegates today. Mrs. Robert W. Tomlmson.

Wilmington, was chosen president- elect of the Woman's Auxiliary. MAYOR DECIDES WHO'S WHO The Reno city council last night 'voted to revoke all licenses held by J. B. Crane, operator of a gambling club at 223 Lake street. "If J.

B. Crane is bigger than ittae City of Reno, now is the time to find It out," Mayor E. E. Roberts said' Oast night as he cast the deciding vote to revoke the licenses. The action came at a recessed meeting of ithe council and brought to a close a Controversy of several weeks.

The motion, supported by Councilman Justi, was based on the fact that Crane is operator of an alleged Chinese lottery game and Chat recent ruling of council prohibited the game in Reno. Justt also supported his theory on fact that Crane's establishment was public nuisance. A tie vote resulted when Mayor RobeDta asked for -the final count and he did not hesitate when called to cast the deciding vcte. It was the first time in several months that the chief official has been called to decide action by tlte council. On presentation of several Chinese lottery tickets used at Crane's Lake street club, under the guise of Chinese Keno, Councilman Knox switched his former vote and cinched Justi's duve for closing of club.

Crane, it is alleged, informed the council that the game he was operating was not Chinese lottery, but according to investigation made by City Attorney LeRoy Pike, the'game is illegal and was being operated tinder a Keno license. Crane, it was also said, has issued challenges to the city council, boasting, that thej did not have power to close his place. -5 Three other votes 'taken at" previous city council meetings were in Crane's favor, but the action tonight. authorizeil the chief of police to ctose-the establishment, i -j ROOSEVELT TRIUMPHS IN ECONOMY BATTLE; SOLONS GOING HOME F. D.

and Democratic Leaders Batter Sullen Senate With Every Force in Their Power By THOMAS L. STOKES, United Press Staff Correspondent. WASHINGTON, Friday, June Adjourned early today after a triumph for President Roosevelt and ended a three and a half months extra session that changed the economic course of the nation. The senate adjourned at 1:12 a. m.

and the house at 1:21 a. m. Fighting with every resource at their command, the president and his leaders battered a revolting and weary senate into submission and jammed through the administration plan for cutting war veterans compensation approximately $260,000,000. Republicans Vote Solidly Against the President The vote was 45 to 36. Republicans voted solidly against the president and 1 -were-joined, by eight Jlettiocratsi'- It took two administration assaults to shatter the defend of the foe which waged a stubborn battle for the more liberal Steiwer-Cutting proposal prohibiting any cut in veterans compensation beyond 25 per cent.

This plan would have cost the government $100,000,000 more than the Roosevelt measure. The senate had approved the more liberal amendment Wednesday night. It reversed itself today by a thin margin under terrific White Hoiwe pressure. Final approval of the house was only a formality, as that body had supported the president twice, the last time early Wednesday when it vote'd 1 down the senate proposal, 208 to 177. End of Most Remarkable Session in History The usual dramatics of the closing of congress attended the end of perhaps the most remarkable session in history.

They marked the passing of a congress which meekly obeyed for the most part the leader in the'White House and passed a series of legislative acts giving the president powers over the nation's life never before granted even in war. Galleries were packed. Senators with a flair for the theatrical paraded up and down the floor. Frequently, members were called from the chamber to telephones in the lobbies. A pleasant voice answered.

It was the president of the United States, Graciously, he asked for support. His triumph was due to his personal campaign. Democratic Margin in House Deciding Factor Thursday was a hectic day for all. The house came to the president's rescue early in the day on the Steiwer-Cut- ting amendment though only by a slender margin for the overwhelming democratic majority there. Seventy-nine democrats deserted the party fold.

The independent offices bill containing the controversial veteran appropriations then went to conference. The senate conferees surrendered early last evening. Then the senate was called back into session the long, uphill fight began. The house, meanwhile, had nothing to do. Its members passed away time singing songs, telling stories.

One more agile congressman did a tap dance on a desk. Finis Written to Battle Over Veterans' Economy Nerves were raw in the senate, however, from the long struggle over the veterans which -began last Monday. Hot words were passed. Senators became sarcastic, ironical, and finally the warm-blooded Senator Carter Glass, democrat, Virginia, accused the scholarly Senator Bronson Catting, republican, New Mexico, of the two snarled and ahouted across the aisle at each other. President Roosevelt hati to postpone his vacation because of the fight.

Hehad planned to last nifcht. Members returning'to their and hotels pbhderlnjr the political effect of their votes. 'Many of them moat go before the people in primary eTetfttofts Some gam'bled on the slogaiLpounded info their leaders. "Stand behind the president." EWSPAPERl.