davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1931-12-08

ternal drain on our resources can threaten our position, because the balance of international payments Is in our favor; we owe less to foreign countries than they owe to us; our industries are efficiently or- ganized; our currency and bank de- posits are protected by the great est gold reserve in history.
 Our first step toward recovery is to reestablish confidence and thus restore the flow of credit which is the very basis of our economic life. We must put some steel beams in the foundations of our credit structure. It is our duty to apply the full strength Of our government not only to the inn mediate phases, but to provide se- curity against shocks and the repe- tition of the weaknesses which have been proven.
 The recommendation which l here lay before the congress are designed to meet these needs by strengthening financial industrial, and agricultural life through the medium of our existing institutions, and thus to avoid the entry of the government into competition with private business.
The Waterbury Democrat., 1931-12-08
Government Will
 Supply Capital
 To Corporation

President Would Create Huge National Reconstruc- ton Finance Organization to Aid Recovery Mapped Along Lines of Former War Finance Body-TempOrary Tax Increase to Bring About Financial Stability at Washington and Inspire Confidence for Private Business -Shuns Dole, Seeks Naval Reduction = Confident United States Will Overcome Depression
The Waterbury Democrat., 1931-12-08
Full Text Of HoOver'S
 Message To Congress

doned. In a number of countries there have been acute financial panics or compulsory restraints up- on banking. These disturbances have many roots in the dislocations from the World War. Every one of them has reacted upon us. They have sharply affected the markets and prices of our agricultural and industrial products. They have in creased unemployment and great ly embarrassed our financial and credit system.
 AS our difficulties during the past year have plainly originated in large degree from these sources, any effort to bring about our own recuperation has dictated the nec- essity of cooperation by us with other nations in reasonable effort to restore world confidence and economic stability.
 Cooperation of cur federal re- serve system and our banks With the central banks in foreign coun- tries has contributed to localize and ameliorate a number of serious financial crises and thus avert dis asters which would have affected us or HlOucldlc tio PlGooulSo uPOi' us.
 The economic crisis in Germany and Central Europe last June rose to the dimensions of q general panic from which it was apparent that without assistance these na- tions must collapse. Apprehensions of such collapse had demoralized our agricultural and security mar kets and so threatened other na- tions as to impose further dangers upon us. But of highest importance was the necessity of cooperation on our part to relieve the people of Germany from imminent disasters and to maintain their important re- lations to progress and stability in the world. Upon the initiative of this government years postpone ment of separations and other in ter-governmental debts was brought about. Upon our further initiative an agreement was made by Ger many's private creditors providing for an extension of such credits until the German people can de- velop more permanent and defin- ite forms of relief.
 We have continued our policy of withdrawing our marines from Haiti and Nicaragua.
 The difficulties between China and Japan have given us great con- cern, not alone for the mainten- ance of the spirit of the Kellogg Briand Pact, but for the mainten- ance of the treaties to which we are a party assuring the territorial integrity of China. It is our pur- pose to assist in finding solutions sustaining the full spirit of those treaties.
 l shall deal at greater length with out foreign relations in a later message.
The Waterbury Democrat., 1931-12-08
EIlECTRICAL-PoWNN
 REGULATION

have recommended in previous of interstate electrical power aa tse essential function Of she reer- ganized federal power commission. |. I renew the recommendation. it
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The Waterbury Democrat., 1931-12-08
FEDERAL GOVERNMENT
 FINANCE

The first requirement. of confi- dence and of economic recovery IS financial stability of the United States government. shall deal with fiscal questions at greater length in the budget message. But 1 must at this time call attention to the magniture of the deficits which have developed and the re- sulting necessity tor determined and courageous policies. These deficits arise in the main from the heavy decrease in tax receipts due to the depression and to the in- crease in expenditure on construc- ton in aid to unemployment. aids to agriculture, and upon services to veterans.
 During the fiscal year ending June 30 last we incurred 8 deficit of about $9O3, 100000, which in- cluded the statutory reduction of the debt and represented an in- crease of the national debt by $616,OOO,000. Of this. however, $153, 100000 is offset by increased cash balances.
 In comparison with the fiscal year 1928 there is indicated a fall in federal receipts for the present fiscal year amounting to $1,6S3,- OOO,OOO, of which $1,O34, 100000 is in individual and corporate income taxes alone. During this fiscal year there will be an increased ex- penditure, as compared to 1928, on veterans of $225,000.000, and an increased expenditure on con- struction work which may reach $52O, 100000. Despite large econ onies in other directions, we have an indicated deficit, including the statutory retirement of the debt, of 1000, and an indicated net debt increase of about $1.711,O0O,- 900.
 The budget for the fiscal year beginning July next, after al- lowing for some increase of taxes under the present laws and after allowing for drastic reduction in expenditures. still indicates a deficit of S1,417.00O,O ,O00. After offset ting the statutory debt retirements this would indicate an increase in the national debt for the fiscal year 1888 of about $921,000.000.
 Several conclusions are inevita- ble. We must have insistent and determined reduction in govern ment expenses. We must face a temporary increase in taxes. Such increase should not cover the whole of these deficits or it will retard recovery. We must par tially finance the deficit by bor- rowing. It is my view that the amount of taxation should be fixed so as to balance the budget for 1888 except for the statutory debt retirement. Such government rec ceipts would assure the balance of the following years budget in- cluding retirement. It Is my fur ther view that the additional tax ation should be imposed solely as m emergency measure terminating definitely two years from July l next. Such basis will give con- fidence in the determination of the government to stabilize It's fi- nance and will assure taxpayers of its temporary character. Even with increased taxation. the goy' ernment will reach the utmost safe limit Of its borrowing capacity by the expenditures for which we are aiready obligated and the recommendation here proposed. To go further than these limits in either expenditures. taxes, os borrowing will destroy confidence
The Waterbury Democrat., 1931-12-08
THE DOMESTIC SITUATION

Many undertakings have been organized and forwarded during the past year to meet the new ana changing emergencies which have constantly confronted us.
 Broadly the community has CO., operated to meet the needs of hon. est distress, and to take such emer- eency measures as would sustain confidence in our financial system and would cushion the violence of liquidation in industry and com merce, thus giving time for order ly readjustments of costs, inventor ies, and credits without panic and widespread bankruptcy. These measures have served those pur- poses and will promote recovery.
 In these measures we have striv- en to mobilize and stimulate pri- vate initiative and local and com munity responsibility. There has been the least possible Govern ment entry into the economic field. and that only in temporary and emergency form. Our citizens and our local governments have given a magnificent display of unity and action, initiating and patriotism in
 
 and in cooperating with the federal government.
 For u proper understanding of my recommendations to the con- gress it is desirable very briefly to review such activities during the past year.
 The emergencies of unemploy- ment have been met by action in many directions. The appropria- tions for the continued speeding up of the great federal construction program have provided direct and indirect aid to employment upon n large scale. By organized unity of action. the states and municipal itles have also maintained large programs of public. improvement. Many industries have been prevail ed upon to anticipate and intensity construction. Industrial concerns and other employers have been or- ganized Go spread available work amongst all their employees. Instead
The Waterbury Democrat., 1931-12-08
ANTITRUST LAWS

In my message of a year ago I commented on the necessity of con gressional inquiry into the eco homie action of the antitrust laws. There is wide conviction that some change should be made especially in the procedure under these laws. do not favor their repeal. Such action would open wide the door struction of healthy competition. Particular attention should he giv- en to the industries founded upon natural resources, especially where destructive competition produces great wastes of these resources and brings great hardships upon opern- tors, employees, and the public. In recent years there has been con tinued demoralization in the bitum- inous coal, oil, and lumber indus tries. I again commend the mat ter to the consideration of the con- gresS.
The Waterbury Democrat., 1931-12-08
DOVER ASKS TWO YEARS TAX INCREASE; URGES CONGRESS
 TO FINANCE COMPLETE RATIONAL BUSINESS RECONSTRUCT0

ering of the members of both Houses of the Congress, including members of the appropriate com mittees. It was approved by the omcials of the treasury department and understand such an extension has been approved by a majority of the governors of the Federal Reserve banks. Nothing should be done which would lower the safe- guards of the system.
 The establishment of Nhe mort e-discount banks herein re- ferred to will also contribute to further reserve strength in the banks without imitation.
 BANKING LAWS
 Our people have a right to banking system in which their de- posits shall be safeguarded and the flow of credit less subject to storms. The need of a sounder system IS plainly shown by the extent of bank failures. recommend the prompt improvement of the banking laws. Changed financial conditions and commercial practices must be met The congress should investigate the need for separation between dif- ferent kinds of banking; an en- largement of branch banking un- der proper restrictions; and the. methods by which enlarged mem bership in the federal reserve sys- tenn may be brought about.
 POSTAL SAVINGS BANKS
 The postal savings deposits have increased from about $200,00O,00O to about, $550, 100000 during the past year. This experience has in relation to deposits and invest ments which should receive the at tention of the congress.
 RAILWAYS
 The railways present one of our immediate and pressing problems They are and must remain the backbone of our transportation sys- tenn. Their prosperity Is interre- lated with the prosperity of all in- dustries. Their fundamental serv- ice in transportation, the volume of their employment, their buy ing power for supplies from other industries, the enormous investment in their securities, particularly | GACH bOHuS Uy Au6uIdhCc COIu~ panies, savings banks, benevolent and other trusts, all reflect their partnership in the whole economic fabric. Through these institu- tions the railway bonds are in a large sense the investment of every family. The well-maintained and successful operation and the stabil- ity of railway finances are of prim- ary importance to economic recov- cry. They should have more ef- fective opportunity to reduce op-, erating costs by proper consolida- tion. As their rates must be regu- lated in public interest, so also ap- proximate regulation should be ap- piled to competing services by some authority. The methods of their regulation should be revised. The interstate commerce commis- sion has made important and far reaching recommendations upon the whole subject, which I com mend to the early consideration of the congress.
The Waterbury Democrat., 1931-12-08
FEDERAL RESERVE .ELIGI.
 BIfIITY

On October 9th I Issued c statement that should recon. mend to the congress an extension during emergencies of the eiisi' bility provisions in the federal 70. serve act. ThiH statement was
The Waterbury Democrat., 1931-12-08
UNEMPLOYMENT


 UNEMPLOYMENT
 As an aid to unemployment the federal government is engaged in the greatest program of public- building. harbor, fiood-control, highway. waterway. aviation, mer- chant and naval ship construction in all history. Our expenditures on these works during this calen-' dar year will reach about $780, 900 in 1928. Through this increas- ed construction, through the main tenance of full complement of federal employees, and through services to veterans it is estimated that the federal Taxpayer is now directly contributing to the liveli- hood of 10.000,000 of our citizens.
 We must avoid burdens upon the government which will create more unemployment iA private industry, than can be gained by further ex- pansion of employment by the fed-~ eral government. We can now stimulate employment and agricul- ture more effectually and speedily through the voluntary measures in progress, through the thawing out of credit. through the building up of stability abroad, through the, ome loan discount banks, through an emergency finance corporatiOn and the rehabilitation of the rail- ways and other such directions.
 am opposed to any direct or indirect government dole. The breakdown and increased unem- ployment in Europe Is due in part to such practices. Our people are providing against distress from un-, employment in true American fashion by a magnificent response to public appeal and by action of the local governments.
 GENERAL LEGISLATION
 There are many other subjects requiring legislative action at this session of the congress. I may list the following among them:
 VETERANS SERVICES
 The law enacted last March au- thorizing loans of 50 per cent upon adjusted certificates has, together with the loans made un- der previous laws, resulted in pay ments of about $1,260,000,000. Ap- propriations have been exhausted. The administrator of veterans af- fairs advises that a further appro- priation of $200. 1000 is required at once to meet the obligations made necessary by existing legisla- ton. s
 There win be demands for fur- ther veterans legislation; there are inequalities in our system of vet- erans' relief; 1t is our national duty to meet our obligations to those who have served the nation. But or present expenditure upon these services now exceeds sf,000, ,000,- 900 per annum. l am opposed to any extension of these expenditures until the country has recovered from the present situation.
 EIiECrRICAL-PowHR
 REGULATION
 have recommended in previous messages tho effective regulation of interstate electrical power aa tte essential functsen of she reer- ganized federal power eenlmlssion. l renew the recommendatlon. it|
 (Confinued on Pare 1f.1
The Waterbury Democrat., 1931-12-08

denude commerce and industry of its resources, jeopardize the finan- cial system, and actually extend unemployment and demoralize ag- riculture rather than relieve it.
The Waterbury Democrat., 1931-05-06
PATERSON DUAL MURDER EXCITES
 POLICE FORCE
Young Woman of l9 and
 Her Admirer B, Shot to Death in Home of Girl

Paterson, N. J., May 6.-CUP)- The murder of 19-year old girl and her 32-year old admirer. whose bull let-pierced bodies were found in the formers Preakness home. near here. sent police on a hunt to-day for a jealous suitor. The body of Emily Fuchs was discovered lying at the foot of the stairs in her home. a bull let wound in her back. That of Henry Van Dine, bus driver, was found on the floor in the girls bed room. A shot had pierced his back and another his heart.
 The double tragedy was discovered by A. L. Thomas, baker, when he called to make a delivery at the Fuchs home. MT and Mrs Emil Fuchs. employed as caretaker and domestic at Pines Lake. a summer resort, were not at home when Thomas arrived and he walked through the house to call Emily when he saw her lying on the floor with a large crimson stain on her dress. Both victims had been dead only short time.
The Waterbury Democrat., 1931-05-06
MANIAC TIED TWO BOYS TO RAILROAD TRACKS TO DIE BUT
 THEIR MOTHER RESCUED THEM

Detroit, May 6.--(UP)-A mad man who tried to kill two small boys Monday night by tieing them to g railroad track was still at large to- day. Every police agency in the southeastern part of the state has been enlisted in. the search for the cemented man, who Is armed with a revolver. The two boys, Edward Spoutz and his brother, Charles. 14. were rescued by their mother, who found them bound to the track near Mt Clemens, shortly before train passed over the spot.
 The latest authentic report came from the state police radio at Lan- sing to-day when cruisers were or- dered to concentrate their search in the vicinity of Monroe. where the bearded maniac. clad In long coat and a straw hat. was reported seen late last night. Reports said the man was .'hitching'' rides on the highways. State police said he had caught a ride with a motorist bound toward Toledo. The two boys were taken to Port Huron,S where they viewed suspect picked up by the
The Waterbury Democrat., 1931-05-06
MOTHER AND HER
 THREE CHILDREN BURIED TO-DAY
Father Is Accused of Fiend- ish Crime of Throwing
 Gasoline and Setting Them on Fire

Greeley. Colo, May 6--(UP)-A mother and three children, victims of an incendiary fire, were buried to- day as the father wept and denied the death-bed accusation of his wife that he threw gasoline on the fam- ily and set 1t afire. The father, James V. Foster, a chemical salesman, was arrested after the fire killed his wife. Mrs Myrtle Foster, and two of his children. Mildred, II, ana Ger aldine. 4. The fourth victim was Darline, 19 months old. Three other Foster children have died in the last two years and authorities said they believed the chemical salesman broke under the strain of the re- peated tragedies.
 First degree murder charges will he filed against him after the in- quest to-day, authorities said as they marshalled the following evidence against him:
 The drying statement of his wife that he had hurled a bucket of gas- oline upon her bed and tossed lighted match after it. The accusa- tions that Daddy did it" from his daughters, Mildred and Geraldine. before they died. Evidence that he had purchased. two gallons of gaso- line the night before the fire.
 Foster wept and shrieked T don't know" in answer to questions about who committed the crime. Foster was married in Greeley in 1906 and was the father of six children. He is the surviving member of his family. Two years ago. two daughters, Ruby 12, and Leola, 4. died of diphtheria. Last summer his eldest daughter. Mrs Bernice Lee. 20. died of pneu- monia.
The Waterbury Democrat., 1931-05-06
BISHOP CANNON
 HEARINGS WILL
 OPEN THURSDAY
He Is in Washington Hos pital Resting Up-Sen- ator Nye to Start His Case at Once

Washington, May 6 - (UP)-- Bishop James Cannon, Jr, Is in Sib- ley Memorial hospital here rest ing" having returned unexpectedly from a meeting of the board of mis- sions of the Methodist Episcopal church. south. at Nashville, Tenn. He told reporters there had been no unusual development in the ill- ness which has caused the Nye committee repeatedly to postpone its investigation of his activities in the 1928 presidential campaign. when he fought Alfred E.. Smith in Virginia.
 On learning that the bishop was here. Senator Nye, republican, N. D.. chairman of the committee, said hearings in Cannon's case. origin ally planned for to-day. would be started tomorrow or Friday. Cam non will not be asked to testify at the first hearing, although he has notified Nye that he wishes to att tend all hearings. He may attempt to halt the proceedings, since he has challenged the committees au- thority to investigate him.
The Waterbury Democrat., 1931-05-06
One of the Most Prominent Residents of Borough Passed Away After. Weeks Illness - Stood High in Manufacturing Interests of Naugatuck and the State
 WAS WARDEN FOR
 THREE TERMS
fBx Den,ocrat sta9 Man.l )

Naugatuck, May civilian T.. Rodenbach one of prominent resi- dents of the borough died this morn ing at his home, 56 Terrace avenue after an illness of about one week The deceased had occupied prom inent position in the municipal and business life of the borough for over fifty years, and was known to prac- tically every resident of the borough He held many offices of trust both m the municipal and manufacturing in- terests of Naugatuck. He served as warden of the borough for three terms being in 1904-1905 when ne was chosen warden on the repubh- can ticket. He was reelected n 1905-19O6 and again served in lsOS- 1909 as the boroughs chief execu- tive. He also was a member or the board of education for many, years, previous to the consolidation Of the schools of the borough, serving as president of the board.
 lie took a prominent part in the industrial life of the borough. Tor many years being treasurer or the local plants of the United states Rubber company retiring from actlve duties few years ago. He was also president of the Naugtauck Manu- facsuring company and was connect ed with other manufacturing inter- ests in the borough.
 Mir Rodenbach was also president of the Naugatuck Daily News com paHy.
 lContinued on Page 1s.J
The Waterbury Democrat., 1931-05-06

Port Huron police. Neither boy could identify the man as their as- sailant, and he was released. Stren- uous efforts were made by authori- ties to warn dwellers in isolated farm districts of the danger.
 The Spoutz boys, after they had been discovered by their sister, Dor othy, and released by their mother. told officers the maniac mumbled and talked continually while, truss ing them up. There is no reason for you living while I'm starving '' they quote dhim as saying. Then he laid us across the tracks," Edward said, land threatened to shoot us. He had gun. He said he had killed five other people. But finally he just walked away"
 The, boys had been gathering clover for their pet rabbits when the man came upon them four miles from Mt Clemens. When they failed to return home their sister started a search and found them tied hand and foot, and stretched across the rails. She fled screaming to her mother. who came and released the boys.
The Waterbury Democrat., 1931-05-06
CALLED HONESTY
 AUDITOR BUT HE
 SOILED THE NAME
Chicago Man Found Suicide in HOtel-Fund Left to Wife Attached for ShOrt= age

Chicago, May 6.-CUP)-A man hunt that had extended throughout Illinois was ended to-day with the finding of the body of Fred A. Butke of Kane county, honesty auditor, who had committed suicide in loop hotel rather than face charges of embedding about $65,OO0 in poor farm funds. Physicians said Butke had killed himself Monday night. just few hours after he established q a trust fund of $s3,000 for his wife. specifying she was to receive net income from 1t for the remainder of her life.
 This fund, as we'll as Butke's $25.- 900 home in Aurora and his 16-cy- finder automobile, were attached yesterday by Kane county officials who charged Butke with embezzle- ment and forgery. Butke's body was found by hotel employees. The auditor, registered under the name of F. W. Beebe of Aurora. had shot himself in the head, muffling the re- volver report with a pillow.