davidaulloa/AmericanStories huggingface dataset:
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1932-09-15

Leon Crosby enjoyed a short Wis
ii from her sister and brother-fn-
law. Mr.. and Mrs. r. G. Slane and
son of Seattle, Wash. They were en-
route to Lafayette, Canada to visit
ct Mrs. Slane's homes.
Mr.. ana Mrs. Ed Belanski, Mrs.
Bob Wheeler and son and Mrs. Hat
tie Lenhart are leaving Thursday
FIR points in Iowa. Mrs. Lenhart
IA spent the past couple of weeks
visiting with her sister, Mrs. E. E.
Belanski.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1932-09-15

". L. Taylor of the Great Falls
Tribune printing department, and
Harry Anderson of the typewriter
department Of the same firm, are
business visitors in the city today.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1932-09-15

Mr.. ans Mrs. Ole Aspeiund were
visitors in NiIlisf9n over the week
end.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1932-09-15

Miss Sarah Hanson Of FIaxviIle
was in town Ne inesday morning
having dental work dane--
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1932-09-15

Mr. and Mrs. F. y. Morek and
family were Sunday dinner guests
Of Mr.. ana Mrs. Z. G. Neville.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1932-09-15

nanran Naruna Sidney, agent
f5r the Yale Oh CORPORATION called
in pIentyWaad Tuesday.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1932-09-15

Mr.. and Mrs. s. {. Faaborg Of
Medicine Lake visited friends and
shepped in town Tuesday.
Evening star., 1932-02-28

Continued From First Page)
members of both parties in Congress
in swiftly enacting the bill, the Presi-
dent pointed to other measures, asking
for similar non-partiSan action.
He named as necessary additional
assistance for depositors in closed banks,
a cutting of Government expenditures,
a balancing of the budget, and altera-
ton of present railway regulations.
Text Of Statement.
The Presidents statement follows:
In signing this bill, which comprises
an essential part of the reconstruction
program, desire to express my ap-
probation to the leaders and members
of both Senate and House of both par
ties, who have co-operated in its en-
actment. The fine spirit of patriotic
non -partisanship shown in carrying
out the emergency program is, know,
appreciated by the whole country.
The bill should accomplish two
major purposes:
First. In a sense this bill Is a.
tional defense measure. BY freein le
vast amounts of gold in our Fe II
Reserve system Gin excess of the d
reserve required by law it SO incrs $
the already available large resource
the Federal Reserve banks as to en-
them beyond question to meet any
ceivable demands that might be m .
upon them at home or from abroad.
Second 1t liberalizes existing p o.
visions with regard to eligibility of COL
lateral and thereby enables the Fed
eral Reserve banks to furnish accom-
Evening star., 1932-02-28

modations to many banks on sound as
sets heretofore unavailable for rediS-
count purposes.
Hoarding Is Scored.
"The gradual credit contraction dur
ing the past eight months arises indi-
rectly from causes originating in foreign
countries and continued domestic de-
f1ation, but more directly from hoard
ing has been unquestionably the major
factor in depressing prices and delaying
business recovery.
This measure I am signing today,
together with the additional capital pro-
vided for the Federal Land Banks and
the creation Of the Reconstruction
Finance Corporation, will so strengthen
our whole credit structure and open the
channels of credit as now to permit our
banks more adequately to serve the
needs Of agriculture, industry and COM
merce.
Il trust that our banks, with the as
surance and facilities now provided.
will reach out to aid business and in
employment and aid agriculture.
Il am confident that the further nom
partisan measures Of reconstruction to
assist the earlier payment of depositors
in closed banks, to apply rigid economy
in Government expenditures, to balance
the budget, to reform railway regula-
ton and so forth. will be dealt with
by the Congress in the same spirit of CO.
operation that these great questions
have already received"
Evening star., 1932-02-28
BY DIR. EDWARD S. MEAD.


The Glass -steagall act provides for
a very large increase in Federal Re
serve notes, to q maximum amount Of
$2,s36, OTIS 900. The machinery by
which this result can be accomplished
works as follows.
The total amount of Federal Reserve
notes outstanding on February 10 was
s2.925. 900, 900. OF this amount, $8l9.-
435, 900 was issued against bills dis
counted, and $169 ,391 900 against bills
bought in the open market, leaving
81 .936, 900, 900 outstanding against gold.
The Federal Reserve System holds
$741 .434. 900 in United States Govern
ment securities. These bonds could not
formerly be exchanged for Federal Re
serve notes. This amount in gold
$936, ,0OO, ,000-therefore, is held to Sc
cure an equivalent amount Of gold Fed
eral Reserve notes. The Glass-Steagall
bill serves to free an amount of gold
equal to the Government securities
held by the Federal Reserve banks,
which gold can be used as basis for
new notes.
The method is as follows: A group of
five or more member banks, joining
bO6CtAACA AOl PAA HIoS, Ah"J apply
to the Federal Reserve bank Of their
district for loans from the Federal Re
serve bank, secured by municipal bonds,
railroad bonds, real estate mortgage or
any other collateral which may be ap-
proved by five members of the Federal
Reserve Board, and secured also by the
joint liability Of the members of the
group.
The interest rate on such loans will
be l per cent above the Federal dis
count rate in that district. Single
banks, provided their capital does not
exceed $4,000, 900, also may obtain loans
in an emergency, but only under "spe-
cial and exigent circumstances"
After these loans are made, the bor-
rowing banks have a credit with the
Federal reserve bank for the amount
Of the loan. They can now turn this
credit into Federal reserve notes, to be
used to strengthen their cash position
and to re-establish confidence among
their depositors by promptly meeting
all demands.
The next step in the program is for
the Federal reserve bank to obtain
from the Federal reserve agent, the
amount Of notes which it Is called upon
to furnish to these member bank bor-
rowers. Previously, a Federal reserve
bank could obtain only these notes in
one Of three ways: For gold, for ELI
gible commercial paper, including notes
Evening star., 1932-02-28
"MARCHERS'" CHIEF
MAY ENTER RACE
Friends of Father Cox Strengthen
Hint in Pre-empting Name of
'Jobless Party at Harrisburg.
By the Associs ted Press.

By the Associated Press.
PITTSBURGH, February 27.-Asso-
ciates of Father James r. Cox today
gave substance TO the priests asser-
tions that he may be a candidate for
President on Jobless party ticket
Papers pre-empting the name Job
less Party" were filed in Harrisburg by
friends Of Father Cox leader of a
march Of 5000 men to Washington in
an unemployment demonstration The
papers stated the purpose of the pre-
emption is to elect presidential electors
and full ticket of Statewide officers.
We are just making good our prom
ise to 60 through with the formation
of a national party" the priest said.
A. L. Staley, Father Cox's legal ad-
wiser, said no definite plans have been
made beyond placing candidate in
the field for Congress at the Spring
primary. however.
A special election will DO held at the
primary to choose a successor to j. Rus
sell Leech of Ebensburg. who quit Con-
gress to accept appointment as a mem
Der of the Board OF Tax Appeals
Staley pointed out Father Cox would
not necessarily be the Jobless party
candidate for President, since the
choice of q candidate would be made
at a national convention. He also said
that I'VE have not looked definitely SO
far ahead as a national convention"
Evening star., 1932-02-28
GARMENT STRIKE PEACE
AGREEMENT APPROVED
4,5O0 Workers in $50 Shops Ex-
pected to Return to Work
Next Week.

BY the Associated Press
NEW YORK. February 27.-Terms of
collective agreement between the un-
ion and the manufacturers to end the
strike in the dress industry were ap-
proved today by the Afiliated Dress
Manufacturers, Inc, the organization
OF inside shop producers.
Philip Salkin, president. expressed the
hope that the 4,500 workers employed
in the afhliated shops of los manufac-
turers would go back to work early next
week
The Affiliated and union representa-
tives reached an understanding after
several prolonged conferences. Union
leaders are expected to lay the matter
OF the agreement before the workers
for their approval on Monday.
The new agreement" Mr.. Salkin
said, docs not accord any reduction Of
wages or other concessions to us. We
have entered into this new contract in
the hope that through it some progress
toward stabilizing the industry can be
made"
Evening star., 1932-02-28

and bills, or for 15-day notes of the
member banks, secured by Government
bonds.
These restrictions by the Glass
Steagall act. are greatly relaxed Under
the new law, the Federal Reserve Bank
can still obtain reserve notes with this
security. and in addition, for United
States Treasury notes and bills and di-
rect obligations of the United States.
The maximum amount of Federal
Reserve notes which can be issued un-
der the provisions of this new law, COM
pared with provisions of the present
law, is arrived at by the following COM
putation based on the Federal Reserve
statement of February ID:
Present law. New law
Federal Reserve
notes issued TO
the Federal Re
serve banks by
agents ........s 81. sos s4s 900 50. goa. .s45, ,ooG
Eligible paper.... s6S625,0oo l.7os, 1,ooc
Gold required to
secure Federal
Reserve n o teS
agents s1,sss 72O, 900 sI,Iss, 1874. .ooC
fund .......... 4s43125o s5,45s O5C
notes. including
redemption fund
gold reserve re-
Quired against
deposits 6eO, 723 500 $50, 723, SOC
Total gold need
ed against notes
plus deposits. 81, 67o. 874650 St,975,346,65C
Reserves in law
full money other
than gold. which
can be used as
reserve against
Federal Reserve
deposits ....... 202.2l4.OOO 2O2,214, 0oC
Net gold reserve
needed against
posits ..:...... s2,47s,sSO $50 Sits. 1872, s5C
serves -. 2s37,54s 900 2,s37 ,OOC
Free gold ... $3.50. 887, $50 S1,i64, 1880
Maximum amount
of notes which
could be issued
tprovded Fed
eral Reserve
banks had suf-
paper ........s .s1,152. 217s s57 s2,s11. .o3s,s7:
Increase in per-
missible note
isues under the
new law s1.758s2o, 500
Evening star., 1932-02-28
FOOD THIEVES SENTENCED

WASHINGTON, Ind. February 81
P).-Twc men. who gave their names
as Roy Masters. Toledo, Ohio, and
CHARLES II. Hadley, l6, of Cleveland,
ONO, were sentenced to 1O-year terms
IN the state reformatory yesterday,
Ihen they pleaded guilty in DaviesS
ClrcuiC court TO charge of robbery.
into a wholesale grocery concern to
get food, declaring thew were hungry.
Evening star., 1932-02-28

HaIVaId CrInson: ana one oay IN NIgoEous
bitterly for not equipping the dormitores with fire
escapes
The wealthy and conservative members of the
board of trustees shocked by the irreverence
of the suggestion. For more than q hundred years
the buildings had stood without fire escapes and
now along came defiant undergraduate who de-
manded them. OF course the young rebel came
from one of the best families and a hand
some, charming chap, but his suggestion and its
tone we're impossible
However fire escapes were put on the
dormitores. Once the idea had been broached by
Roosevelt there general agreement that it was
excellent and the trustees had to swallow their
indignation and approve the safeguards.
Receives Early Encouragement.
Franklin Roosevelts success in this modest
bit of crusading undoubtedly was a factor in
encouraging him to tackle really big game He
had been out of college only few years when
he decided to run for the New York Senate in his
Evening star., 1932-02-28
BUILDING SCALES CUT

SACRAMENTO, Calf, February 81
CP).-Organized labor in 26 building
crafts in Sacramento today accepted a
voluntary cut of approximately Is per
cent in wages as a means of stimulating
construction and relieving unemploy-
ment in the building field.
The new wage scale will become ef-
fective Monday, March 7, and will be
operative for one year.
Evening star., 1932-02-28
SINGER WEDS MAGNATE
Cyrena Van Gordon Bride of How
ard Smith, Copper King.

NEW YORK, February 81 (P).-Cy-
rena Van Gordon, meZzo- soprano Of the
Chicago Civic Opera Co., was married
today to Howard D. Smith. president of
the Consolidated Copper Mines, Inc.
A reception was held tonight in the
couples home at 1888 Fifth avenue.
Among those attending the ceremony,
which was performed by Rev. Robert
Eearles, were Mr.. and Mrs. George Lo-
gan Of Chicago and Mr.. and Mrs. Ar
thur NJ Songen Of Hamilton, Ohio.
M NmamNrs. Smith plan to remain
heys weeks and then take q
Evening star., 1932-02-28
Presidential PrOfiles
Intimate Sketch of Franklin D. Roosevelt Who Early
Entered Strenuous Political Career and Was
Surprised at His First Victory.

the presidential nomination.
that Franklin Roosevelt consciously set out to
but there striking similarity in their political methods =.
Teddy" the Characterization Of
Progressive" And also with T. r. his political has been
Whether
rebeious
his first public Demonstration while college editor Of the
Evening star., 1932-02-28
FINANCIAL EXPERT EXPLAINS
OPERATION OF BANKING BILL
Machinery Set Up to Increase
Amount of Federal Re-
serve Notes.
Groups of Member Bank:
Join to Free Gold Equal
to Securities.

Editors note: The following analysis
OF the Glass-Steagall banking legislation
was prepared for the Associated Press by
DR.. Edward s. Mead. professor of finance
at the Wharton School, University of
PENNSYLVANIA
Evening star., 1932-02-28

AAC ollu ulCluUclo VI Ills party were III
a small yacht passing through lock.
The water in the dam was being let
out and in some manner the rope in
the stern, instead Of unwinding as the
boat lowered with the outgoing water.
became caught, and in a moment it
appeared the craft would be capsiZed
and its occupants thrown into a whirl-
pool.
There was shouts and cries Of alarm
a quick-thinking sailor grabbed an ak
and cut the rope as the boat was about
to overturn. Roosevelt had remained
had been restored one of his party
spoke of his concern for the Govern
ors safety.
You need not have worried" Roose
velt said smilingly. Il can still float"
This same fortitude was displayed
recently while Roosevelt was making
a public address He was on a plat
form, and in his speech became very
animated Suddenly, in the midst of
sentence he lost his balance and
toppled Friends rushed to his aid and
helped him up.
Without indicating anything un-
toward had happened. and without los
ing a word, Roosevelt calmly resumed
his vigorous remarks exactly where he
had left of. This display of courage
and poise so aroused his audience that
it interrupted his speech and gave him
great demonstration.
(Copyright. 1882. by the North American
Newspaper Alliance, Inc)
(Tomorrow: Newton D. Bakery
Evening star., 1932-02-28
THE WEATHER

District of Columbia-Partly cloudy
and slightly colder; tomorrow partly
cloudy and warmer; moderate north
winds.
Maryland-Cloudy and slightly
colder; tomorrow partly cloudy with
rising temperature; fresh north winds.
Virginia-P artly cloudy; slightly
colder in north and east portions; to-
morrow increasing cloudiness with
slowly rising temperature; fresh north
and northwest winds.
West Virginia-Fair; tomorrow in
creasing cloudiness and warmer. prob
ably followed by rain in the afternoon
or at night.
Report for Last "a Hours.
Temperature-Mi Midnight, 60; 2 am,
81; 4 am, so; am, "A; am, 43;
10 am, 54; IL noon, 81; 2 pm, ST:
pm. 65; pm, so; 8 pm, 54; 10
pm, 81.
Highest ..... 67,2pm. Year ago. So
Lowest ..... AZ, Tam. Year ago. .. 81
Tide Tables.
Evening star., 1932-02-28

The lock was first used in Roman
times. 1t was bolt held in place BY
wooden tumblers, which were lifted BY
a key to liberate the bolt
Evening star., 1932-02-28


OF the section
the his family and friends campaign
Evening star., 1932-02-28
The Sun and Moon.
Rainfall.

Monthly rainfall in inches in the
Capital (current month to date):
Evening star., 1932-02-28
Report for Last "a Hours.
Tide Tables.

FURNISHED by United States Coast anc
Geodetic Suryey)
Evening star., 1932-02-28

While he was on this tour an Incl
dent showed his calm self,posseSsion
Evening star., 1932-02-28
PRESIDENT PRAISES
CREDIT MEASURE IN
PLACING SIGNATURE

Continued From First Page.)
The Washington times., 1932-06-17
GHOST HAUNTS
POWERS HOME

CLARKsBURG, w. Va, June
II 1.N.SO,-Who-or what - IS
the "hant" keeping silent, elu-
sive vigil at the scene OF Harry
Powers crimes?
Police Chief Duckworth, who
arrested and brought to trial the
"West Virginia Bluebeard," ad-
mitted to international News SerV-
ice today that he was hunting
the ghost"
Duckworth said that upward
of 100 automobiles" make their
way to the murder garage" night
ly. There. their aWe-Stricken oc-
cupants await the visitation"
These nocturnal visitors claim
that a "ghoSt" aren't able
to describe it coherently-VisitS
the House Of Horrors" after
sundown every night.
1t was in the ramShackle garage
that Powers victims were blud-
geoned and strangled to death.
Yesterday a 16-year-old boy said
that he was the author Of the
ghostly visitation, that he had
painted an owl with luminous
paint and released 1t near the
murder garage.
But police are still hunting the
"ghoSt."
The Washington times., 1932-06-17
DEMOCRATS SEE
REPEAL PLANK

Denunciation of the Republi-
can prohibition plank as a
Straddle today intensified the
movement among Democratic con-
gressional vets for adoption of
home rule" repeal plank in
their own party platform.
Informal conferences of anti
prohibition Senators made it
plain that the Democratic vets
will go , Chicago with a declara-
ton that the people be given a
chance to vote simple yes" or
mo" on the question of repeal
of the Eighteenth Amendment.
Among those who are actively
demanding that the Democrats
take an aggressive step in the
platform are Senators Tydings
CD of Maryland, Wagner (D0
of New York, and Hawes CD
of Missouri.
Both Tydings and Hawes ap-
pealed to the Democrats ito
have more courage" than the Re
publicans in meeting the issue
of prohibition.
The Washington times., 1932-06-17
DE VALERA PLAN
FOR IRISH UNION
REJECTED
North and South Alliance,
to Be Free Republic,
Gets Scant Shrift

LONDON, June II (I.NS.).
Great Britain flatly rejects
President Eamonn De Valera s
plan for a union of the Irish
Free State and Northern Ire
land into an " independent
state" Dominions Secretary j.
II. Thomas announced in the
House of Commons today.
The governments firm stand
met with the prompt approval of
David Lloyd George, Liberal
leader. He said:
81 am glad the government
has put its foot down, De
Valera Is a tyrant. He will
never change"
Thomas warned that Britain
would refuse to negotiate with
the Irish Free state if de Valera
abolished the oath Of allegiance
and withheld the land annuities.
He pointed out significantly that
Irish tariff preferences will end
on November Is unless new agree
mentS are made.
Asked to Reconsider
Thomas concluded with an ap-
peal to De Valera to reconsider,
predicting he would lose the sup
port of the Irish people unless
he abandoned his fight.
De Valera disclosed the plan
at the first conference in Dub
lin, Thomas stated. Three days
later. when the Irish president
came to London, Prime Minister
J. Ramsay Macdonald and his
cabinet told him that no British
government ever would agree to
such proposition.
Little Hope for Plan
Lord Craigavon. premier Of
Northern Ireland, has declared
that Ulster would never counte-
nance the union De Valera seeks
to bring about.
Thomas told the House that
Britain would oppose any change
in the Irish Free State oath Of
allegiance to the crown or in the
payment of land annuitieS.
The Washington times., 1932-06-17
G.. 0. P. Orders Soft Pedal
On Rum Kinship

dency a quarter Of century ago
In 1920 Will Hays came out OF
the Hoosier State to restore the
Republicans to power through
Warren G. Harding after the
lean days of Wilson's eight years
Sanders Mild, Firm
A former member of Congress
which he left to become Calvin
Coolidge's secretary, Sanders is
well known and popular with the
rank and file of the party. He
is a conciliator rather than a
driver, and he will fit into the
Hoover scheme of things as a
hand does into a glove.
1t was Sanders yesterday
rather than the beefy Chicago
copper who finally disSuaded eX
Senator Joseph I. France, OF
Maryland from Seizing tn
mikes" to stampede the conven
ton OF Calvin Coolidge.
Sanders gently led the irate
Marylander away, after he had
taken a couple of pokes at Rep
resentative Smell, the permanent
chairman, in his effort to get be
fore the convention.
Now. now," he Sothed.
Likely it will be a now, now
campaign.
In any event, the job is done
the die is cast. and on with the
dance.
The Washington times., 1932-06-17
COMPLAINING
INEXPENSIVE
CAMPA|
With Funds Low, Sanders and
Mutt Take Office on
Note of Economy
By w. K. HUTCHINSON

CHICAGO, June II I.N.S.).
One of the most economical
campaigns in the history of
the Republican party was in
prospect today as a new ma
tional committee took charge
of the drive to re-elect Her
bert Hoover and Charles Cur
tis.
Everett Sanders, one-time Con-
gresham from Indiana and later
q Secretary to President Coolidge,
was in technical charge OF the
campaign. He became the new
Republican National Chairman by
unanimous vote of the new Ma
tional Committee.
Sanders served notice on the
Republican organization tn t
there would have to be economy
in campaign expenditures this
year. His warning was seconded
by Joseph r. Mutt, of Cleveland,
the National Treasurer.
Borrow $25,OOO to Start
One of the first acts of the
new committee was to adopt a
resolution authorizing a loan Of
$25, 900 to furnish headQuart-
erS for the second HooVer-Curtis
campaign. William Stern, bank
er from North Dakota, suggested
the loan when Mutt made it clear
there were very few dollars in
the Republican treasury. Mutt
said:
"The circumstances this year
are entirely different than four
years ago. Some of our friends
who gave $25,OOO to the party
in 1928 couldn't give $1,000 this
year. We must ecOnOmize.
I'VE must use volunteer work
erS. We must call upon our
loyal party followers to give
their services, if they can't
make contributions. And the
states are going to have to
finance their own campaigns to
q large extent"
Others Elected
Mark E. Reed, national COM
mitteeman from Washington, sec
onded Nuts economy plea. Reed
said funds were wasted in 1928
by a lavish use Of literature,
"Some of which was utterly un.
suitable to many localities"
After Sanders was named
chairman, Ralph D. Williams,
of Oregon; Mrs. Alvin T. Hert, of
Kentucky, and j. Henry Rohre-
back, of Connecticut, were chosen
vice chairmen. Mutt was given
another term as treasurer and
George De B. Keim, of New Jer-
Sey, was reelected secretary.
The Washington times., 1932-06-17
CHICAGO c A N c
LEADER SLAIN

CHICAGO, June II G,N.SO.
Outbreak of the long anticipated
war for AL Capone's vacant die.
tatorship Of the underworld was
imminent today as a consequence
of the assassination Of George
Red" Barker, notorious labor
racketeer and gangSter.
Looked upon as one OF the lead
ing contenders for the under
world scepter of the imprisoned
gang czar, Barker was executed
late last night. Sixteen bullets,
Spouting from the guns of un-
known assailants, felled the rack
eteer as he was walking in front
of the Norford Hotel on the
Northwest Side.
Dying he was picked up by five
men, apparently his henchmen or
bodyguards. They rushed him to
the Keystone Hospital, where they
broke down the front door. LeaV-
ing the mortally wounded gang
ster on the floor Of the hospital
lobby, the five men fled.