v: £L J THE BURNSVILLE EAGLE VOL. 39. BURNSVILLE, N. C., FRIDAY, SEPTEMBER 25, 1931. NO. 27. News Review of Current Events the World Over James M. Beck’s Interesting Suggestions to Congress— Butler May Be G. 0. P. Chairman—British Parliament in Action. By EDWARD W. PICKARD UR eminent statesmen are con- verging on Washington already In preparation for the session of con gress that opens In December, and each one seems to have his own ideas of what should be done to save the nation. The remedies they are I ^ ready to propose are ! ^ as various as the men ; themselves, and at least some of those that are not too evi dently put forward for the purpose of fur ther embarrassing an already troubled administration may be worth considering. President Hoo ver, it Is reliably reported, hasn’t yet made up his mind what it best to be done, and his cabinet members hold widely divergent views. James M. Beck, Republican repre sentative from Pennsylvania, Is al ways listened to respectfully, and now, on his return from a trip to Europe, he has a lot to say. He decided the plight was due to “excessive taxation for socialistic purposes and fears the United States is in grave danger of being led into tbe same road. Mr. Beck suggests that the present exam ple of Mie British should be followed by tbe formation of a coalition leader ship of Republicans and Democrats lo congress for the purpose of “abolish ing unnecessary and meddlesome bu reaus’’ and effecting other economies. The PennsylvaniaD estimates that probably two billions of dollars an nually could be saved by tempiuarily suspending sinking fund requiretiients and by scrapping such governmental machinery as tbe farm board, numer ous bureaus of the Departments of Ag riculture, Commerce and Labor and va rious commissions consecrated to pa ternalistic care of the citizenry in their occupations and in their homes. He favors only one additional kind “ of lax. He would have congress pro nounce light wines and beer nonintoxl- eating in fact, which he says can be done constitutionally, and then iitipose an excise tax on such beverages, which he estimates would bring, hi half a billion dollars of revenue annually. 'T'HAT amazing story of the defalea- -I- tions of Walter E. Wolfe, manager of the coupon department of'the Con tinental Illinois bank of Chicago, was made almost complete by an announce ment from Arthur Reynolds, chairman of the board of directors. He said that during twelve years Wolfe had stolen 53,006,029.00, which makes his em bezzlement the second largest in Amer ican banking history. The bank is covered by insurance up to $2,000,000 and a cliargo against special reserves for the balance of 606,920' was made. Mr. Rey nolds stated. He expressed the opinion, however, that this entire amount, over and above the insured sum, would be recovered in time. G OSSIP about national politics now includes diseiii-sion concerniii.g the man who slinll succeed Senator Skneon D. Fess of .Ohio as chairman of Che Republcan na tional committee. It is granted that Mr. ^ Hoover can have a re- nomination if he v wishes it, so his choice will prevail as manager of ^ . Sutler the campaign. The one definite state- nieut to date is that of the Boston Post, to the effect that for mer .Senator William M. Butler of Massa chusetts has been av-proached by close friends of i’resident Hoover regarding his acceptance of the place. He was chairman during the administration of President Coolidgo and directed his campaign. The Post says Jlr. Butler was recently a week-end guest at the Raiiidaii camp and recommendcil i'harles D. llilles for the place. It was after this that he was himself asked if he would accept the chair manship. Some of tlie statesmen in Washing ton are talking of Ihe availability of Lawrence C. Phipps, former senator from Colorado, as chairman. Those who favor him urge that his great wealth would help the committee in raising tlie large campaign fund that will be needed. Mr. Phipps maintains a handsome home in Washington. All this is long-distance talk, for the na tional committee does not meet uiiiil December, when it will choose a date and city,for the 1932 convention. .\TIONAL Relief Director Gifford ^ and ills committee are as busy as bees co-ordinating the efforts of state and municipal governments to meet the job of caring for the unem ployed next winter. President Hoo ver has added many names to tbe advisory board, so if now includes a great number of the country’s leading men In all lines. It was believed these advisers would soon be called in ses sion. Labor day gave occasion for numer- King George. ous expressions concerning the situa tion by labor leaders, cabinet mem bers, congressmen and others. In gen eral the dole idea wa.s condemned, but many agreed with William Green, head of the American Federarion of Labor, who asserted that work must be pro vided the idle by industry. Governor Murray of Oklahoma, speaking at Chi cago, vehemently attacked Wall Street and the International bankers, charg ing them with having upset the econom ic structure of the country. He called for a new deal in 1032 for the labor ers and common people and freer lend ing to the producing classes. His talk so ;nded as if he were suggesting him self for President, as the candidate of a new party, for he assailed Repub licans and Democrats alike. So watch out for “Alfalfa Bill." ■YX/HILE the London Bobbles V » with rubber batons struggled to disperse a mob of jobless men and Communists, British parliament opened its special ses- * Sion called to try to .jr balance the budget, ^ After the usual speech from the throne had been read, Prime Min ister MacDonald, bead of the new national government, offered a motion that the house resolve itself into a H committee of the whole for the speedy passage of the econ omy measures devised by the cabinet. He insisted on a division, stating the resolu tion was considered as a test of confidence. The result of the vot ing gave the government a majority of 59, the figures being 309 for and 250 against It. The Conservatives and most of the Liberals lined up with •MacDonald, as did twelve members of the Labor party. Sir 0-swald Moseley and his “new party"in .opi>osl tion, together with Arthur Hender son’s Laborites. The economy budget, as presented by Ciiancellor Snowden and accepted by the house, caused groans from the Laborite benches. Its principle fea tures, summarized, are: Taxes. Income—Standard rate raised six pence, bringing it to five shillings in the pound (about $1.25 In $5), or 25 per cent. Beer—Increased one penny (two American cents) a pint. •Leaf tobacco—Increased eight pence (16 cents) a pound: other forms of tobacco proportionately. Gasoline—Increased two pence (4 cents) a gallon. Entertainment—Movies and legiti mate theaters, increased 16 2-3 per cent. Total new taxes this year, $202,500,- 000; next year, $400,000,000. Savings. Dole—Cut 10 per cent. Police wages—Cut to a sliding scale upward fi-oin live shillings (about $1.25) a week. School teachers' wages—Out 15 per cent. Civil servants of all kinds, from cab inet ministers down—Pay cuts ranging as lilgh as 20 per cent. Heavy reductions in outlay for de fense services, education and road fund. An interesting Incident was the an nouncement by King George that he desired a reduction of $2.10,(MX) in hi.s civil list of $2.350,0(X), which is the annual income paid by the government to the crown. Queen Mary and other members of the royal family joined the king's re quest for cuts in their parliamentary grants, and Che prince of Wales, who derives his income solely from his duchy of Goriiwall, estimated to be i about $350,000 per year, announced he Intended to contribute $50,000 to the national exchequer. L owell Bayles of Springfield, .Mass., who a few years ago was a miner working underground. Is the new American king of the air, for he won the Thompson trophy race at the national air races In Cleveland, mak ing the new record of an average speed of 236 miles an hour in his Gee Bee supersportster over the 100 mile closed course. His money reward was $0..300. Among the seven rivals he beat was Maj, Jimmy Doolittle, whose achievements at the meet earned for him $10,000. Of the women flyers Mrs. Mae Halzlip of St. IjOuis was the biggest money winner, her share being $7,750. John Livingston of Aurora. Ill., captured six trophies and a lot of coin. T rouble between japan and China, always in the ofliiig, seems to be getting nearer. The immediate reason is the shooting of Capt. Shin- taro Nakamura, Japanese, as a spy by Chinese troeps in Manchuria some weeks ago. The .Tapanese cabinet met early in the week to consider the mat ter and Minister of War Jiro Minaral set forth the army’s attitude. Re cently he urged the government to take N. Tituiescu. a firm stand In dealing with the Chinese rulers of Manchuria, who hav« sought pretexts to delay answering queries from Tokyo. The vernacular press in Japan insists on strong meas ures against China. Six military planes of the Ninth division at Kanazawa dropped 100,000 handbills that called the attention of the nation to the danger of Japaness Interests in Manchuria being jeopar dized. This is the first time the army has taken such unusual measures. Tbe handbills said; “Countrymen, awaken. The national defense is endangered.” TI^HAT the members of the League »F of Nations assembly termed a “lamentable error” was rectified when the assembly met in Geneva and almost Immediately adopted a resolu tion Inviting Mexi CO to join the league. The first business the election of a president, and this honor was conferred on Nikolas Tituiescu of Rumania, former foreign minister and now Rumanian am bassador to Grea: Britain. Then the mat ter of Mexico taken up. Lord Cecil of England said the ad mission of Mexico would rectify an error in the formation of the league, adding “I must admit I personally had a part In committing this eiTor.” He said the aid of Mexico was needed in the league's efforts to solve world prob lems. These sentiments were echoed by .\I. Briand of France, Signor Grandi of Italy, Curlius of Germany and Yoshizawa of Japan, and the resolu tion was adopted uiBanimously. While the statesmen were' paying tribute to Mexico, her observer at Geneva, Martinez de Alba, walked about the auditorium smiling and shak ing hands with the leading delegates. The Mexican senate accepted the In vitation and cabled its action to Geneva. The Mexicans feel that her position in the league will give Mexico prestige in tbe eye of other Latin American nations. F OLLOWING clos6 on the announce ment that the farm board will sell 15,000,000 bushels of its wheat to China comes the news that Germany is dickering for the purchase of 200,- 000 tons from the same source. Of course both lots would be sold on long term credits, and many Amer icans doubt that we ever will receive payment. Of the wheat for China one-half will be turned into flour before il leaves the United States, lo order to pacify the American millers. The shipments will '■e 50.000 tons month ly, the first to go before October 1. Carl Williams said American shipping lines would have a chance tc carry this wheat and flour, but competition; In other words, be will- to carry the grair across ‘he Pa cific at the lower rates bid by other ilnes. M ore than sixty experts on rural problems met at the University of Chicago to try to formulate economic policy for farm relief. Their sessions were behind closed doors, but those who consented to be inter viewed ’between sessions held out lit tle immediate encouragement for farmers, especially those depending on cotton and wheat. The policies of the farm board came in for condemnation on the part of man.v representatives, who declared that the board’s policy of dlscourag. Ing production of such crops a-wheat and cotton was detrimental. CHILE'S naval mutiny ended al- ^ most as suddenly as it began and peace once more reigns In that coun try, officially, at least, 'Che rebels, who objected to vari ous government meas ures, held out until the air force went in to action against them. Oue hundred planes circled over the warships held by the mutineers, drop ping bombs that sank some (iestro.vers and damaged the baifle- sliip I.a Torre. Then Rear Admira’ dropped telling the Gomez. chance, so they gave up. Their of ficers, including Rear Admiral Gomez commander of tlie fleet, were set free and .resumed their commands and the craft were taken to Valparaiso and Port Tongoy. The government has started ai- in vestigation into the guilt of those in volved, more than 2,700 enlisted men and petty officers. Other hundreds of men, some of them in the army, took part in the seizure of the bases at Talcahuano '■nd Valparaiso. It Is alleged that Communists stirred up the whole affair. The nation was generous In praise of the conduct of the aviation division, and attaches of embassies and lega tions remarked that It was the first time In a Latin-Anierican revolt that aircraft had conquered a navy to pro tect a government. The senate proposed to the cabi net that one of the outstanding he roes of the rebellion, Lieut. Fernando de La Paz, be raised to the rank of major. Tjie lieutenant defended single-handed the powder magazli j at Talcahuano and killed seven in surgent soldiers with seven shot* when they tried to rush him. (ffl, 1931, Western Newsoaper Union.) FINDS OPTIMISM ALL OVER THE COUNTRY CROP ACREAGE CUTS ARE CALLED USELESS KING GEORGE General Gibbs Says Leaders Have Confidence. New York.—After touring the coun try, Gen. George S. Gibbs, vice presi dent of the International Telephone and Telegraph company, ‘“ild he felt “profoundly optimistic” over the gen eral business outlook and the ability of communities to cope with unem ployment in the coming winter. The former army officer, a native of Harlan, Iowa, who on July 1 retired from the service to take charge of all communications in the Internationa! system, visited thirty principal cities from coast to coast on an air and rail trip. He said in nearly all places he found the local business leaders confident of the outlook, and in mos*’\owns the bankers, manufacturers, and merchants lie interviewed seemed lo feel that their position was strongly encourag ing “as compared with other towns." “After I had been told this In half a dozen cities," General Gilibs added, “I began to realize that In every com munity there were financial-and indus- trla’ Interests who were practically un aware they were being affected by nation-wide economic slurap. “That was the viewpoint expressed to me In Omaha, Kansas City, Seattle, Dallas, Atlanta, and many other large, centers. In some cases the reports of several towns would be alm’ost identi cal in phraseology. “Nobody could make tlie swing around the country which I have just completed without feeling encouraged over general business conditions. “In Dallas particularly I found as much hustle and energy being dis played as In normally prosperous times. The man in the street seemed unmindful of hard times. “Los Angeles business men told me they had only in the last few weeks begun to see a tapering oft in busi- ne.ss, but did not feel that it was go lug to be really serious. “In every city where I litqulred into unemployment relief plans I was as sured that the local comm inity would have ample means to meet existing or expected unemployment. “In the northwest the lumber and grain interests naturally are feeling the letup, as are the mini, z Interests of Utah. I was delig>^'';i_Mj; h Char lotte, N. C., Tn the midstjt^ a’busj season despite the cotton surplus, in Atlanta. Clark Howell, publisher of the Atlanta Constitution, told me there was a better feeling all over the South. “In Chicago we found bankers gloomy over low interest rates, with large surpluses of funds seeking prof itable outlets, but the city generally gave no outward evidences of eco nomic prostration. “Nearly everywhere throughout the West business people took the atti- tud ^ that the East must be very hard hit because of the extensive projects being undertaken there for relief of distress among the jobless. The view point out there was that unemploy ment must be confined largely to New i’ork and other eastern manufacturing centers.” Mr. Gibbs made an informal report of his tour to President Hoover at the White House, and he said the Chief Executive seemed greatly Interested In his findings. Hoover Plans Aid to Cotton Men by Export Washington,—A program mapped out by President Hoover and other administration officials for the relief of southern cotton growers through the facilitation of their exports to European countries Is under way. Under the direction of Eugene Meyer, governor of the federal reserve board, negotiations have been started with the representatives of three coun tries, Germany, France and Poland, in an effort to arrange a reciprocal agree ment whereby cheap cotton and am ple credit will be made available in the United States in return for buyers with good security in Europe. Pres ent plans call for the disposal of at least 1.000.000 bales of surplus Amer ican cotton. The farm board is not concerned In Mr. Meyer’s program at all—a fact which raised considerable comment , about the capital, Policies of Farm Board Are Attacked by Experts. Train Flagman Is Killed by Water Tank Spout Lima, Ohio.—M. D. Beverly of Hunt ington, Ind., was killed here when knocked from an Erie railroad train by a water tank spout. He was a flagman on the train. Louisville Paper Is Sold Louisville, Ky.—The Louisville Her ald-Post was sold by the 'receiver on the bid of John B. Gailagttier, of New York, for $175,000 and the assumption of $140,000. Brothers Killed by Hudson, Wls.—Two brcil killed by electricity while a contractor at the local d' They were Einar and Arthbi ictricity tilers were ■orklng for ower plant ir Sandeen. Dishonest Banker Sei^tenced Platte City. Mo.—Bgber^ M. Hard esty. for many years hfead of the Railey & Brothers Bankiilig company of Weston, Mo., was sentenced to serve ten years in the ^penitentiary after bis pleas of guilty toi two counts of embezzlement ] Chicago.—Permanent relief for the American farmer can come only through world-wide stabilization and readjustment of finance and trade, ac cording to Dr. E. G. Nourse, direc tor Brookings Institute, Washington, D. C. Doctor Nourse addressed GO agri cultural economists and farm leaders gathered at the University of Chicago for a three-day conference on “An Economic Policy for American Agri culture.” The federal farm board and its policies were criticized by Doctor Nourse when he charged curtailment of production as a remedy for the farmer’s ills Is a useless measure. He said: “What the farmer needs Is some thing constructive instead of meas ures which are negligible in their effect. Farmers cannot be expect ed to cut down their acreage in the hope of raising prices to the point where they will receive a living wage.” Tinkering with the tariff on agri cultural products in an effort to aid the farmer was I'ssalled by Doctor Nourse as a “negative” measure which can bring no permanent relief. Instead he urged a rebuilding of pur chasing power at home and abroad by the development of new'markets. This view was seconded by Dr. M. .T. B. Ezekiel, senior economist of the bureau of agricultural eco nomlcs, who pointed out that for eign countries have had to pay their debts to the United States in gold shipments because of our high tariff .walls. Washington.—President Hoover an nounced the consummation ol an agreement between the farm board and the Chinese government by which 15,(>00,CK)0 bushels of wheat out o' the farm board’s holdings will be sent to China. The transaction will give business to shipping lines which have been in hard straits, and American flag ships are given assurance of an equal op portunity in getting the business, al though the Chinese government un dertakes the transportation. Satisfying American millers, about half.of the wheat will be turned into flour before it leaves the United States. It was unofficially reported that Germany had sent a special repre sentative to the United States to ne gotiate with the federal farm board for 16,500,000 bushels of the farm board’s stabilization wheat. Asks Special Session for Big Hunger Loan New York.—The 'eague for Inde pendent Action, of which Dr. John Dewey Is the head, addressed to Presi dent Hoover a plea for a special ses sion of congress to deal with unem ployment, and for a “hunger loan" of “at least $3,000,000,000,” • The letter, forwarded by Howard Y. Williams, executive secretary, urged that thA money be appropriated for public buildings to include bousing of workers and construction of road.s, river development and electric power lines in agricultural regions. In part the communication said: “Hundreds of men and women are taking their lives every month In America because they will not face little families that they cannot feed, and so they end their lives. There have been over 1,800 suicides this year in New York city alone largely due to this cause.” Wife Swapper Weds His Original Spouse Edgewater Park, N. .T.—Binney Woodward Earl, whose “wife swap ping” with his friend, Emil Reinbold, in 102S attracted nation-wide notice, has remarried his original wife, the former Maj'belle Stillson, It is an nounced. The ceremony took place soon after Earl was divorced from the first Mrs. Reinbold and Reinbold from the first Mrs. Earl in Tampa, Fla., two weeks The Earls are reported to he on their second honeymoon in Canada. This is Earl’s fourth marriage. Hts mother, who died in November, 1930, left him a fortune. Mary Pickford Catches Swordfish, Shark, It’s Said Hollywood, Calif.—Mary Pickford needn’t listen In awe any longer to the stories of her energetic husband, Dougles Fairbanks. Cruising with a party cf friends off Santa Monica Miss Pickford caught a 150-pound marlin swordfish and a 175-pouDd hammerhead shark. She refused as sistance in both catches, playing the swordfish for half an hour. Huge Crop in Rumania Bucharest, Rumania.—An official re port said Rumania was harvesting a maize crop of 5.800,000 tons, more than 1.000,000 tons greater than in 1930 and the second largest in her history. Three Children Die in Fire Northboro, Mass.—Three children .•ere burned to death here when flames destroyed the farmhouse In which they lived. Two others were burned severely, but were rescued by their mother, Mrs. Mary Ouimet. MYSTERY MAN’S WIFE TELLS ABOUT PLOT When the British parliament met to take measures to balance the budg et, King George sent a request that the civil list of $2,350,000, the crown’s annual Income from the state, be re duced by $250,000. The queen and other members of the family joined the king in asking this. BANK CLERK’S THEFTS TOTALED $3,666,929 Chicago Institution Tells of Huge Embezzlement. Chicago.—The total defalcations of Waiter E. Wolf, manager of the cou pon collection department of the Contlnental-Illinois Bank and Trust company, amount to $3,600,929.06. The sum of the embezzlement, down to the last six cents was announced by Arthur Reynolds, chairman of tbe board of directors of the bank, at a conference with newspaper men fol lowing the regular monthly meeting of the board. On the basis of Mr. Reynolds’ fig ures, Wolf, a department manager earning $75 a week, by systematic thefts over a period of 12 years, com mitted the second largest embezzle ment in American banking history. His exploits were exceeded only by those of a group of 12 men in the Union Industrial bank of Flint, Mich., who, by working in collusion, looted the bank of $3,694,266.43 for market speculations a year or so ago over a period of a few months. All 12 were sent to prison. j- ' ' At their meeting pff6r“f6 the-pre^ conference directors of the Conti nental, being advised of the sum of Wolfs defalcation and informed that the bank was protected up to $2,000,- 000 by an Indemnity policy with Lloyd’s, voted to write off the remain ing shortage Immediately. This shortage, amounting to $1,666,- 929.06, will be charged against the bank’s special reserve fund, the di rectors decided. The bank has re sources above one billion dollars, the reserve fund alone amounting to $10,- 000,000. In his statement Mr. Reynolds made It clear that the shortage did not represent the actual loss, declaring that the bank had already recovered one block of the stolen securities, ex pected to recover another $500,000 Im mediately, and was prepared to resort to lawsuits if necessary to secure res toration of the remainder, all of which are believed to be held by brok erage houses where Wolf traded. Italy Terrorist Is Killed by Own Bombs Rome.—Domenico Bovooe, twenty- eight-year-old Genoan, said by police to be the author of a series of 10 bomb explosions in Italian cities this sum mer, was blown up by his own infer nal machines. Some high explosive bombs with which he had been experi menting In his own home went off with a terrific explosion, killing Bo- vone’s mother and badly mutilating him. An Investigation revealed much ma terial for fabricating bombs, and se questered correspondence showed that Bovone was in touch with enemies of the Fascist regime in foreign coun tries, and that he was the probable author of terroristic bomb explosions in Genoa, Turin, and Bologna in which several people lost their lives. Texas “Oil Army” Is Sent to Its Homes Kilgore, Texas—The east Texas oil field's “army of occupation” was re duced materially. Nearly 600 men and officers of the Texas National Guard called out by Governor Ster ling August 17 to enforce a shutdown decree were demobilized to return home. Brig. Gen. Jacob F. Wolters, com mandant, kept 120 men and 32 officers to help enforce the state railroad com mission proration order setting each well’s daily allowable output at 225 barrels. They will serve as inspectors and massengers. Says Iowan Faked Death to Get Insurance. Perry, Iowa,—The solution of the case of John M. Smith, one time can didate for the Ohio governorship, took a rapid step with the announcement that Mrs, Smith In a signed statement said the pair had discussed a plan by which the husband was to disappear and she was to collect $60,000 in life Insurance. In the affidavit, released in part by County Attorney George Sackett, Mrs. Smith declared the insecticide manu facturer left Perry February .3, and that night she was toid he had been killed in his burning tnirt». She said she was toid the body found in bis blazing truck was In no condition for her to see. The statement was said by state- agents to have cleared up several an gle's of the involved case, which In cludes a hunt for Smith in several state, his bigamous marriage to Pauline Shaw, eighteen. In Elgin, Kan., March 11, and a narrow escape from deputies when he sought to see Mrs. Smith here late in March. Mrs. Smith did not mention the most baffling element In the mystery, that of the origin of the charred corpse found in the truck, which was buried ns Smith’s and later when in surance companies demanded an ex humation proved to be embalmed and not his. “My husband took out a large amount of life insurance,” Mrs. Smith’s statement road. “1 talked to him about it. and he said I might benefit some day. “Under our plan I was to collect the insurance or accept It when the insurance company paid it to me and then meet Joi>n when he got into com munication with me, which might be from one to two years.” The statement then told of the only meeting she said took place between the disappearance and July 3, when Smith was brought from the Ularinda insane hospital, where he was com mitted June 30. He had been found near a Garner (Iowa) roadside, bound with wire .Tune 23. “I received a note asking me to meet a certain party near Fremont, Neb., on. the nlDeteenth day of June, 19.31. .1 drove,to ^remonr with my son, and met my husband, John Smith, on the road near Fremont, and spent the afternoon with him. He told me that he would come back and take care of me.” Sues President Hoover and Many Other Persons Bradenton, Fla.—A suit was filed here by V. D. Alston, Bradenton, nam ing Herbert and Mrs. Hoover, Al and Mrs. Al Smith, .Tack Dempsey, Es telle Taylor, Clara Bow, Airaee Sem ple McPherson, O. O. McIntyre and wife, the bey of Algiers, the bashaw of Turke.v, and George O. Lea, south Florida newspaper columnist and leg islator, to foreclose a mortgage of $2,000 on a farm ■ owned by Lea and the above named. Lea had' previously deeded a one- hundredth Interest to each of the per sons named. Lea stated when threat ened with foreclosure that he wished to have the above named as co-defend ants. The bill of complaint says: ‘You and each of you are hereby required to appear before the Circuit court of the Eighteenth judicial dis trict of Florida in Bradenton, Manatee county, Florida, on the fifth day of Oc tober. 1931. to answer a bill of com plaint filed by V. D. Alston seeking to foreclose a certain mortgage of $2,000." Pebblestone Wins Derby, and Without a Jockey Ponca City, Okla. — Pebblestone joined the roll of hard-shelled immor tals here, conquering 49 other turtles in the eighth annual waddle of the 101 Ranch Terrapin Derby and win ning $3,500 for his owner, T. F. Boett- . Cher, Hollis (Okla.) merchant. There were3,500 entries. Two daj-s.of elim ination heats preceded the finals. Doolittle’* New Record Newark, N. J.—Major James Doolit tle won a new triumph by flying from coast to coast in the record time of 11 hours and 15 minutes. ’ Chiang Asks Peace Shanghai.—An appeal to shut down on civil war, which now looms between the factions of South China, in order that the nation i^.ay relieve flood dis tress, has been made by President Cbiang Kai Shek of the Nanking gov ernment. Postal savings system deposits have reached an all-time high record, with $408,317,703 on record as of Septem ber 1. Appointment of Floyd R. Harrison to be assistant to Gov. Eugene Meyer, Jr., of the federal reserve board was announced. Purchase of Bluecher Palace, Ber lin, now occupied by American em bassy offices, has been negotiated by the American government for $1,705,- 406.93. Boston City Employees to Go on 5-Day Week Jan. 1 Boston.—Boston municipal em ployees will go on a five-day week be ginning .January 1 next In an effort to start a five-day-week movement in communities throughout the country to relieve unemployment. Mayor Cur ley announced. About 7.000 of the city’s 20,000 employees will he includ ed In the five-day week, which will not include the 13.000 in the fire and po lice departments, the schools, city hos pitals and institutions.