Newspapers / The Alamance Gleaner (Graham, … / Oct. 5, 1933, edition 1 / Page 1
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? The Alamance Gleaner ' ? ' GRAHAM, N, C., THURSDAY OCTOBEK 5. 1033.' " ^ ?? ?- -l. ? ~ ? .w-? i.. ^ a NO. 35. ?j <3 News Review of Current Events the World Over Credit Expansion, Reopening of Banks and Rehabilitation of Railways Planned?Ocean Mail and Ship Deals Under Investigation. By EDWARD W. PICKARD PRESIDENT ROOSEVELT, like all other persons, knows that the re covery program has been slumping somewhat of late, because the rising Secretary Woodin prices or commodities have not been met by Increased purchasing power and by re-em ployment. Still averse to currency Inflation and devaluation of thp dollar, the Chief Ex ecutive called Into conference several high officials of his administration to plan for further expansion of credit and for the reopening of closed banks, tnereDy rreeing several Dillions of dollars represented by the frozen assets of those Institutions. Secre tary of the Treasury Woodin, not yet recovered wholly from his late Illness, fras one of the conferees; the others were Secretary of Agriculture Wal lace, Attorney General Cummlngs, Gov. Eugene Black of the federal reserve board, Lewis W. Douglas, director of the budget; Jesse H. Jones, chairman of the Reconstruction Finance corpora tion; Walter J. Cummlngs, conserva tor of closed banks, and J. F. T. O Connor, controller of the currency. Following the conference the Presi dent took train for his Hyde Park home, and on the train he had a long talk with Prof. James H. Rogers, Yale economist. Rogers then returned to Washington and discussed financial matters with Douglas and others. This led to the report that some change Involving the purchasing power of the dollar was Imminent, but dis patches from Hyde Park said no an nouncement on monetary policy was forthcoming yet. Senator Thomas of Oklahoma an nounced that several groups working With him for Inflation had derided to suspend their campaign for the mo ment to permit trial of the credit ex pansion program proposed by Presi dent Roosevelt It was stated with authority that the President hopes to get a large proportion of the 5,000 closed banks reopened before January 1, when the deposit Insurance system goes Into effect. In order to qualify for deposit Insurance, banks must be liquid. Thou sands of the closed banks, the Presi dent Is advised, are solvent but not sufficiently liquid to meet the require ments for reopening. To make them liquid, additional capital must be pro vided. To the extent such additional capital Is not furnished by the com munities In which the banks are situ ated it will be supplied by the R. F. "? through purchase of preferred stock In the Institutions, according to the plan approved at the White House conference. CTEEL manufacturers, under the urging of President Roosevelt and Joseph B. Eastman, co-ordinator of transportation, have agreed to competi tive bidding for the sale of rails to the railways, and Mr. Eastman announced that 700,000 tons of rails will be "ught as soon as financial arrange ments can be made. If the bids of the steel companies show that reduc tions in the price have been made, the money will be loaned to the railroads irect from public works funds. Competitive bidding and bottom prices, it was hoped by Mr. Roosevelt find Mr. Eastman, also would result In the purchase by the railroads of quan tities of rolling stock and equipment, ^oich deals, too, would be financed by government Loans for buying rnUs, it was said, may run to some ??-',000,000. Equipment loans may sur pass that amount. Reports of railroad business are en couraging. The first 57 railroads re Porting August business- had a total net operating income of $51,054,000, approximately double that of the pre ceding August A year ago the figure or the same number of carriers was ^* ?810,000, the increase amounting to W'.S per cent Jhe net operating Income of these carriers In July totaled $53,804,000, an ?' 3^1 per cent over July, . ? Gross revenues of the 57 enr ?ers In August amounted to $247,2(59, #>. compared with $243,800,000 In July and $210,132,000 in August last year. ROUBLES between organized la >or and employers, predicted some ,rne ago, are coming fast. Coal min ers of western Pennsylvania to the num 4 r of nearly a hundred thousand were strike, calling it a "holiday." In r'st Virginia also there was labor ' scord. At Weirton 5,000 employees | were forced Into Idleness In a dlspnte j between company union and an Inde pendent onion. The second attempt in two days to picket the Clalrton works of the Car negie Steel company was frustrated and deputy sheriffs hurried to the plant on a tip that another Invasion was planned. Employees of the Ford plant at Chester, Pa., struck, and the Ford company promptly closed down the plant "for an indefinite period." A federal mediator was sent there, but was told there was nothing to mediate. The Chester workers planned to go to Edgewater, N. J., and ask the Ford employees there to Join in the demand for more pay. It was expected that General John son, recovery administrator, would soon announce carefully drafted plans for a general reorganization of the NRA "from an emergency, temporary setup into a cohesive body ready to function" through the two-year life of the recovery act." Drawn by Thomas S. Hammond of Chicago, with the aid of the policy board, the plan calls for greater ac cent upon self-regulation by industries operating under codes, with the gov ernment to step in only when neces sary. OCEAN mail and ship construction contracts let during the Hoover administration are under investigation by a Senate committee headed bv Sen Senator Black TTnltPfl Xtnfpfl a tor Hugo Black of Alabama, and inter esting deals are being revealed. On the first day Black charged that Henry Herber man of New York, president of the Ex port Steamship cor poration, had directed one of his employees to pay a $510 tailor bill of T. V. O'Connor, then chairman of the shlnnlnor K/tortl Thle Herberman flatly denied, but he and other witnesses were not able to easily dispose of testimony concerning al leged favors to various former officials. It was disclosed that ocean mail sub sidies paid to the Export Steamship corporation anqjrally amounted to mora than the organization paid the ship ping board for eighteen vessels. A formal statement that C. Bascom Slemp, of Virginia, who once was sec retary to President Cooiidge, had helped to engineer the ship purchasing deal at a price lower than originally asked by the shipping board was placed before the committee by Her berraan. In a letter to Senator Black, chair man of the committee, Herberman wrote that Slemp had billed him for $50,000 for legal fees in connection with the sale of the ships at $7.50 a ton Instead of $8.50 as asked by Ad miral Palmer of the shipping board. The sale price, Herberman wrote, was a compromise, and the "question Involved was the per ton to be paid for shipping board vessels," adding that "Mr. Slemp acted in connection with this matter and felt that his serv ices were worth, as I recall, $50,000. I actually paid him $15,000?$3,000 on July 1, 1925, and $12,000 on July 19, 1925." Slemp resigned as secretary to Mr. Cooiidge In January of 1925. Mrs. Mina G. Irvine, who was secre tary to O'Connor for many years at the shipping board, testified she ne gotiated several Florida deals for Her berman. She said that after a Justice department agent had sought to In spect files at her shipping board office with regard to the transactions, she bad destroyed the records. PRESIDENT ROOSEVELT, always a friend of the navy, has turned down a British suggestion that the American naval construction program be cut down. The State department Issued this statement: "In reply to suggestions from the British government that the laying down of any six-inch gun cruisers larger than those now in existence might be deferred during the life of the disarmament conference or at least pending further discussion of the qualitative limitations of future ships, the American government has replied that it did not see its way clear to al ter Its delayed naval construction pro gram or to suspend the laying down of any projected ships." The ships in question are four 10, ooo-ton, six-Inch gun cruisers, the Savannah, the Nashville, the Brooklyn, and the Philadelphia. POSTMASTER GENERAL Jim Far ley, practical and hard headed. Is going after some hundred* of fourth claas postmasters who hara been "pa nlrof oawl ?* <?" ** A "?vavwvuuj a i IUC expense of the gov ernment. His Inspec tors already have con ducted an Investiga tion of the facts, and It Is likely many of the sinners will lose their positions and some of them may go to prison. Fourth class post- ! masters, most of whom are In small villages, receive 100 Postmaster Gsn. Farley per cent on ine arst $73 or post age they cancel, 85 per cent on the next $100, and 75 per cent on all In excess of $175. To this compensation are added the rental of post office boxes and an allowance of 15 per cent for rent, light, fuel, and equipment. They also receive a commission of 8 cents each on all the money orders. This method of compensating these rural postmasters, it appears, prompt* some of them to use various devices to Increase cancellations. The more stamps they cancel, the more they make. The Inspectors have reported many schemes adopted by postmasters to swell the cancellation fees. Some of them have mailed bricks, gravel and other bulky and worthless articles. Others who conduct stores sell gro ceries to their relatives and friends In other localities and by affixing suffi cient postage on the bags and boxes Insured their delivery by the rural car rier In the neighborhood. They not only received profit on the sales, but also received from the government the amount of stamps placed on the packages, plus the usual per cent. Representative J. 3. Cochran Insti gated the investigation, and It Is ex pected that In the next session of con gress he will lead a movement to have the present system of compensation of fourth class postmasters radically changed and thousands of the offices abolished. TEN convicts made a sensational escape from the Indiana peniten tiary at Michigan City, stole automo biles, kidnaped a sheriff and scattered. Followed a great man hunt by hun dreds of police of Indiana and Illi nois, which was still going on at this writing. The entire population of Pennsyl vania's eastern penitentiary at Phila delphia, comprising 1,492 long-term felons, staged a wild revolt because they had lost their special privileges for a previous riot They beat the warden severely and set fire to their mattresses, but finally were subdued. George Kelly, a notorious desperado known as "Machine Gun," wanted for participation In the kidnaping of C. F. Drschel of Oklahoma City, was cap tured In Memphis, Tenn., after a long hunt. His wife also was arrested and both were taken back to Oklahoma for trial. Kelly Is also charged with hav ing a part In killings and robberies in Kansas City and Chicago. AN OUTSTANDING figure among the statesmen gathered at Geneva for the coming disarmament confer ence Is Dr. Paul Joseph Goebbels, I Paul Joseph Goebbels JJI ui'aguuua uiuumn of the Hitler govern ment of Germany. He may not be so Impor tant aa Foreign Min ister Von Nenrath, but for the present he Is more voluble, and It is he who 1* putting forth G?r many's demands for arms equality and who Is ostensibly do ing the "horse trad ing" for his country thnl Annta* oVvon* in lilt; UUSCUSSiUfia wioi ttuiti uuvu. ? the French proposal for strict super vision of arms during a four-year test | period. The German delegates, it was. said In Geneva, had been given full pow- j er by Hitler to conclude a disarmament accord, and an Indication that some agreement might be reached was seen in the fact that the French and Ger- | man statesmen were brought together at a carefully arranged "private" din ner attended also by Sir John Simon j of England and some Italians. Italy j has been favorable to Germany's de- . mands to a certain extent, and has put ' forward a plan allowing partial re- , armament of the relch. The Germans were willing to accept the supervision plan but only If the commission were ! authorised to supervise, not armaments, but merely effectives. In other words ' It would see that Germany carried out | Its obligations to transform the relchs- ! wehr Into a short term militia and disband semi-military organizations. RING LAItDNER, one of America's best known humorists, died at his I home in East Hampton, Long Island, after a long Illness, at the age of ; forty-eight. In England Mrs. A. M. Williamson, an American who wrote many popular novels In collaboration ! with her English husband, C. N. Wil liamson, passed away at Bath. #. lilt. WHtm N*wip*p?r L'alon. ? Hum* Thirteen Was Ruth Ann's Lucky Number MISS Ruth Ann Moore of Bri? field, III., drew the luckiest 13 of her life when she clicked the turnstile of A Century of Progress, the Chicago World's fair, as the thirteen millionth visitor. She Is a shown with thirteen Indians who \ greeted her. She received tickets to thirteen shows for herself and party, was given a logoon boat ride with an escort of thirteen boats and received several packages of gifts with thirteen items In each (isckage. CHILDREN'S STORY ??y THORNTON W. BURGESS JERRY RESUMES WORK rpOR a couple of days Jerry Musk " rat left bis snug room In the bank only long enough to get a bite to eat, and be was gone only a little while then, for he had little appetite. The rest of the time he spent curled up In his bed it soft dry grass, occasionally lick ing the wounds made by the great cruel claws of Booty the Owl. Luckily, you know. It Is the very best treat ment little people In fur can give their wounds. It keeps them clean, and wounds kept perfectly clean heal rap Idly. But while he lay there Jerry did a lot of thinking. Strange to say he didn't feel the hurt of the wounds in his body half as much as he did the hurt of the wound of his pride. "Serves me Just right," he kept saying over and over. "Serves me Just right, I'm too old to be caught napping like that The idea of me living to be as old as I am and then being cangbt by Booty the Owl I I hope no one saw It I should be al most too mortified to live If my friends knew of this. I shall have to keep out of sight until my wounds heal. Then I shall have to think of some good ex cuse to explain the tears In my coat In case any of my neighbors notice them. I hope no one will. If any of them should know the truth they would think I have gone Into my sec ond childhood. They certainly would. It all comes of dreaming. Dreaming Is al right In the right place, but It Is all wrong In the wrong place. Well, what Is past Is past It Is all over now and I'm still alive. And I've still got that house to finish." Two days later or, to oe exact, two nights later, Jerry was back at his new honse. Be was still sore and rather stiff, but be didn't let that In terfere with his work. No slree, he didn't let that Interfere with his work. Jerry found out a long time ago that the easiest way of forgetting troubles Is by working. The busier you are, the less time there Is for you to think about yourself. So Jerry went to work again with might and main, but be didn't forget to keep a sharp watch for danger. The part of Jerry's house that he had to build now was the part which would be above water, and which every one wlio passed Ihnt way might aee. Jerry was very particular about It. tie was very particular for several reasons. The first reason was the best of ail reasons?safety. Jerry pro posed to spend much of his time In that new house during the winter. He would sleep there a good deal. There fore It must be made as safe as pos sible. If the walls were frail and poorly made there were certain sharp claws which might tear them open in the dead of winter. tThis would never do, never In the wide, wide world. So Jerry was very particular about this part of his new house. He Intended that this upper part should be just as good as the foundations on which he had spent so much time and j labor. He fully intended to make this house the envy of all who saw It ?. 1933. by T. W. Burgew.?WNU Serrloi. 1 YOUNG MUTTON DISHES MUTTON In England Is such a highly prized meat that It seems strange that we have so little appre ciation of It. Lamb chops are al ways well liked as Is a stuffed leg of lamb or a crown roast, yet there are so many good meat dishes which may be prepared from the yqnng mut ton that ft should not be slighted. Casserole of Mutton. Rake a cut from the breast, two to three pounds or more, depending upon the number to serve. Wipe the meat i with a damp cloth and sear the meat | well to hold in all the Juices before placing It In the casserole. Season well, add one clove ot garlic, one onion sliced, one-eighth teaspoonful of pepper, two teaspoonfuls of aalt, two cupfuls of canned corn and two cupfula of string beans. Add two cup fuls of boiling water and cook for one to two hours In a moderate oven until the meat Is tender. The corn and beans being cooked may be added at the last of the cooking. Deviled Chops. Select loin chops of young mutton, wipe clean with a damp cloth. Gash the meat lightly on both sides. Mix four tablespoonfuls of olive, two table spoonfuls of lemon Juice, one-eighth teaspoonful of mustard and a few grains of cayenne. Spread on the chops on both sides and let stand one-half hour, llroil quick!; In broil ing oven on hot pan and season well with salt and pepper. Serve with: Spiced Prunes. Soak one-half pound of prunes over night and cook In the same water un til tender. Add three whole cloves, one-fourth of a cupful of vinegar, three tablespoonfuls of brown sugar, one-half teaspoonful of cinnamon and simmer until the mixture Is all ab sorbed by the prunes. Serve hot. ?. 1SH, Western Newspaper Union. Gypsies Gypsies are known all the world over as a wandering people. In many languages the word "gypsy" has be come synonymous with "vagabond," "tramp." In the Soviet union a gypsy alphabet has been created. There are gypsy newspapers, a gypsy theater, scores of gypsy schools where children are taught In their native language. The gypsies have settled down, they till the soil, work In factories and Joint ly with the other 168 nationalities of the U. S. S. R. take an active part In the creation ot a new life. HAVE THE WAY By DOUGLAS MALLOCH SO LIVE your life you nee<l not think of living. Live as you breathe, ami as you ,.? sleep and wake. Give much because you have a way of giving. And not for conscience or for vir tue's sake. Love not so much expecting loves re turning. Love without counting what the loved should pay. For one may love without the loved one learning. Not for reward?because yon have the way. So live your life that worth is not a duty; It Is a way you have, though no one knows. 1 doubt if roses think about their beauty. Each Is a rose because It Is a rose. I doubt if many heavens we shall win us Obeying rules not otherwise we would; Unless we have a way of goodness In us 1 doubt if God will call us very good. So live your life you have a way of virtue; The kindly natured are the only kind. You must be kind to even those who hurt you. Because you have the way In heart and mind. There Is too much parading and pur suing; No virtue shouts, its voice is still and small. Be good because It Is your way of do ing. Or It will count for little after all. ?. 1933. Douglas Malloch. ? WNU Service. I PAPA KNCWS-I "Pop, what la an escalators "Only successful means of uplifting the masses." ?. 1922, Bell Syndicate.?W>U Bervlo* BflNEPS" I ?g - >: u t Hard water Is bad for household use because It scratches the furniture. BONERS are actual humorous tid-bits found in examination pa pers, essays, etc., by teachers. The beefeaters live In the Tower of London and cooked for Mary Queen of Scots. ? ? ? Our party was lovely. Everybody was so happy and full of animosity. * ? ? Soda-water is written as two sepa rate words Joined together by a sy phon. ? ? ? Utterance means not saying any thing. ? ? ? Brutus was In charge A the fleet In tbe Alps. ?. 1933. Bell Sjrndlcat#.?WNC Serrlc*. I -1 (jRAPHICjjOLFl OVERLAPPING GRIP AIDS WRIST ACTION GOLFERS starting out to learn the game can aid their cause Im mensely by adopting a grip that will aid the proper hand and wrist action particularly at the top of the swlpg. Ry far the greater percentage of golf ers And this Ideal In the overlapping grip. In this grip the left thumb Is down the right side of the shaft, the club somewhat In the palm and the Inst three Angers of the left hand fur nishing a large part of the grip. The little Anger of the right overlaps the Arst Anger of the left so that the great er part of the clasp with the right hand Is In Ihe Arst three Angers. This allows plenty of hand and wrist ac tion. Armour and Jones, whose grips are Illustrated above, both use this grip as do numerous other members of the Arst Alght. ?. 1111. Bell Syndicate.?WNU Ber. lea. Here's the Medal, but Who Claims It? SOME unnamed hero, If he ever reveals himself, Is due to receive the medal of which this is a photograph. It was especially designed by George de Zayos, well-known artist, for presentation to the man who gave that sock in ?he eye to Senator Hney Long of Louisiana at the Sands Point Bath club on Long Island. The Inscription may be translated: "By Public Acclaim for a Deed Accomplished in Private."
The Alamance Gleaner (Graham, N.C.)
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Oct. 5, 1933, edition 1
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