davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1932-04-08
|NASS|E ATTACK
FORERUNNER
Of TRIAL
Officers Wife Abducted Sep
tember IL; Men Arrested
the Following Day

HONOLULU, T. H., April
Is I.N.S.) S.).-The Massie case,
now on trial here, had its in
ception on September u, of
last year.
On midnight of that day
Mrs. Thalia Massie, pretty
young wife of Lieut.. Thomas
H. Massie, U. S. N, was alb
Quoted from in front of a
Waikiki Beach night club and
attacked by four of her five
abductors.
The next day five natives Of
mixed blood we're arrested, and
as soon as Mrs. Massie recovered
from the shock Of the attack,
she was able partially to identify
the men as her aSsailantS.
The five men were Joseph
Kahahawai, Horace Ida, Ben
Ahakuelo, Henry Chang, and
David Takai.
Trial Ended December 3
Their trial began on November
18 and dragged out until Decem-
ber 3.
For 81 hours the jury debated
the fate of the five men. Finally
! it reported to the court that it
was unable to reach a decision,
and the defendants were released
under bond pending retriaI.
The first definite flareup came
when Horace Ida, one of the de-
fendants, was kidnapped, taken to
a lonely spot, and severely beaten.
A group of sailors later were
arrested, but Ida was unable to
identify any of them.
Kahahawai Slain January 8
Then on January came the
abduction and shooting to death
of Kahahawai. The youth had
reported to the Hall of the
Chiefs" in the morning as was
required under the terms of his
release. AS he walked down the
steps of the building, he was
accoSted by a man waving what
appeared to be warrant.
Kahahawai got into a closed
machine and was driven away. A
few hours later the car of Mrs.
Granville Fortescue was stopped
as it was speeding from town. In
the machine were Lieut.. Thomas
H. Massie, E. J. Lord, naval en-
listed man, and Mrs. Fortescue.
On the rear seat was the body
of Kahahawai, wrapped in a
sheet. There was a bullet wound
over his heart.
Albert S. Jones, the fourth
person involved in the case, was
arrested as he stood guard, gun
in hand, over the home of Mrs.
MaSSie.
The Washington times., 1932-04-08
Salesman Is Jailed
As Drunken DriUer

William c. Wright, salesman
of 1922 Sunderland Pl. N. W.,
was sentenced to IS days in Jail
after conviction today on a
charge of driving while drunk.
Police say Wright's car collided
yesterday with a machine driven
by Matte Hunt, 1923 Four-and-a-
Half st. S. E.,
The Washington times., 1932-04-08

International News Service. Inc)
HONOLULU, T. H., April
G.N.SD Human drama as in.
exorable as Greek tragedy stalked
across the courtroom of Judge
Charles S. Davis as a jury was
chosen to try Grace Fortescue,
mother; and Lieutenant Massie,
husband of Thalia Massie, who
was brutally and heinously at
tackled.
They, with Albert Jones and
E. ]. Lord, are being tried for
second degree murder of one Of
the alleged unpuniShed attack.
ers of Mrs. Massie, an honor
killing" because of the outraging
of fundamental principles of
civilization-the purity of woman
hood and the maladministration
of justice.
All other laws may fail and
The Washington times., 1932-04-08


leading fe a.
ture is an i'm
proviSed box
in the orches-
ira. wherein
Jessel, as a
supposed pa
tron W i S E.
cracks at play
ers on the
stage.
He was thus
e n G a ged at
the Brooklyn
P a r a m cunt
Theater when
a process Serv-
The Washington times., 1932-04-08

which threat
ened it's ex-
iStence, tn e
in S tit ution
probably will
b e m a / n
tained n Xr
y e a r, a !
though for a
shorter than
usual season,
by the newly
formed Met
r o Ii tan
Opera AsSo-
citation.
P a ul D
Cravath has
The Washington times., 1932-04-08

PACPdA a Y / v IL
for the sum-
mer vacation
of Pope Plus
XI proceed
ed apace to-
day.
A sm ii
apartment in
the villa is
b ng fur
nished, indi-
eating tn a t
t h e pontiff
p l a n S to
make a visit
to Ca S t e !
Gnndnlf
The Washington times., 1932-04-08
AUtOn1OtiUe Exports
ShOLU Good Increase

Despite foreign barriers against
American trade, exports of auto
mobile products in February were
valued at $8,O39,OO0, an increase
of II per cent over January, the
Department of Commerce an
nounced today.
The Washington times., 1932-04-08

GEORGE JEssEL er stepped up
to the box and handed him
summons.
Jessel later explained:
Gust an old advertising bill.
having to do with a Jewish
show two years ago, when l
was in Europe"
The Washington times., 1932-04-08
SLAYER HANGED

BALTIMORE, April 8 G.N.sO.
Wilbur F. Wright, negro, was
hanged today for the Staying of
Patrolman William Bell early this
year. Bell was killed while puF-
suing Wright after robbery.
The Washington times., 1932-04-08
PEOPLE
Who Interest
You and
What They
Are Doing
MET" Saved; CraVath
Again President

NEW YORK, April 8 Q.N.S).
The Metropolitan Opera House
appeared today to have been
saved from extinction.
Despite the financial crisis
The Washington times., 1932-04-08

been elected president, hav-
ing occupied that post in the
former company of the Metro
politan. The personnel of the
new organization is substanti-
ally the same as that of the
old one.
The Washington times., 1932-04-08

Gandolf POPE Plus II
shortly to inspect the work Of
restoration. This will be the
first real trip outside the con-
fines of the Vatican that any
pontiff has made in more than
so years.
The Washington times., 1932-04-08
PapaI Villa Restored
For Pope's Vacation

ROME, April 8 G.N.SJ.-The
work of restoring the Papal
Villa at Castel Gandolfo in
The Washington times., 1932-04-08
Summons Served
JesseI in Theater

NEW YORK, April 8.-In
George Jessel'S current vaude.
vile show, "Joy Jamboree," a
The Washington times., 1932-04-08
By ANNE KLUEGEL

written for and copyright, 1882, by
International News Service, Inc.)
Evening star., 1932-06-27

gene Moreland of Washington. D. c.
Miss Murphy is in the Veterans Ad-
mlnistration Bureau and has made her
home in this city for several years. The
wedding will take place on Wednesday
morning, June 20. with a nuptial mass
at st. Mary's Church Newport. r. L.
Father S. J. Carter officiating, assisted
by the Rev. T. A. Cunningham Of the
Shrine OF the Sacred Heart. Washing
ton, There will be a reception at the
home Of the brides parents. Mr.. and
Mrs. Moreland will make their home
at Randall Terrace, Washington, D. G.
Mrs. Albert Peters and her young son.
Albert, ir., will spend the month of
July at the Alwyn Hotel in Ocean City.
Evening star., 1932-06-27

Mr.. Arthur Garrels, American consul
general In Toxic has arrived in Wash
ington for g few days and is stopping
at the Carlton.
Capt. Eugene A Reenier, U. S. A,
has returned to Washington after an
extended visit with his father, who
Evening star., 1932-06-27
SOCIETY
Vice President, With Mr.. and Mrs. Gam,
Today Moves to Latter's Home,
In Cleveland Park.

lives in California. and is at wardman
Park Hotel.
The counselor Of the Argentine en-
bassy and Sonora de Traverse, who
have a cottage at Rehoboth Beach,
have as their guests for the week end
Mr.. and Mrs, Eugene Vidal.
Senor and Sonora de Traverse are
occupying the cottage Of Robert Hinck-
ley.
Wife Of U. s. Ambassador
Arrives From Argentina.
Mrs. Robert Woods Bliss, wife Of the
United States Ambassador to Argen-
tina, arrived In Washington yesterday
for a two-day visit at the Mayfiower.
Her unexpected visit to this country
IS being made on account of the illness
of her mother n-law. Mrs. William H.
Bliss, Of New York. and OF the death
Of the Ambassadors father last month.
Lieut.. and Mrs. Millard Lewis are
visiting the formers parents, Mr.. and
Mrs. Fulton Lewis, at their Georgetown
home for a month.
Mr.. william Wallace White, the
consul general from Paraguay, and
Mrs. White are at the Carlton for
several days. having arrived from New
York City, where Mr.. White is stationed.
Mrs H Z. Phillips and her daughter
Miss Frances Phillips, have returned to
Washington from Richmond, where
they spent last week Miss Phillips
was the sponsor for the division COM
mander OF the Sons Of Confederate
Veterans, representing the District Of
Columbia and Maryland.
Princess Cantacuzene, will be the
honor guest at the weekly tea of the
National Woman's Country Club to-
morrow. The tea will be open to all
members and their guests. Bridge will
follow the tea.
Mrs. Joseph E. Willard of New York
City is at the Willard for few days.
Lieut.. and Mrs. John A. Holloweil
President Madison for China. where
Lieut.. Hollowell has been assigned to
duty at Shanghai. Mrs. Hollowell was
before her marriage, Miss Doris
Gasque, daughter of Representative
and Mrs. Allard H. Gasque.
DR.. Walter Hullihen, president of the
University Of Delaware, Newark, Del,
announces the marriage of his sister,
Mrs, Meta Hul1ihen Rauterberg, to Lieut.
Col. Rawson Warren, u. S. A.
The wedding, which was very quiet
one, took place Saturday, June IS. The
bride is a daughter of the late Rev.
Walter @. Hullihen, for many years rec
tor of Trinity Church, Staunton, Va.
Col. Warren is Cavalry officer, served
overseas during the World War. and is
well known here. Col. and Mrs. War
rem will make their home In Washing
ton.
Mr.. and Mrs. Richard Stanley Blais-
dell have returned from their wedding
trip to Canada, and are In their apart
Evening star., 1932-06-27

N. J.. where they will be joined by
Mr.. Peters mother, Mrs. Justin Peters
of Philadelphia, and her two grand
children, Guy and Justin Peters.
The Rev and Mrs. Fremont N Hinkel
Of Hume. Va. have announced the mar
riage Of their daughter, Mary Madeline
to Mr. Henry Conrad Harshbarger Of
Weyers Cave. Va, on June II.
Mr.. and Mrs. Gray w Hume Of Rush
Park. near Leesburg. Loudoun County.
have announced the engagement of their
daughter, Miss Elizabeth Caldwell
Hume. to Mr.. Clay Bryan Carr, son OF
Mr.. and Mrs. Clay Carr Of Huntingdon,
Continued on Third Page)
Evening star., 1932-06-27
Christie Johnson Wedding
In Garden of Brides Home.


Christie Johnson Wedding
In Garden of Brides Home.
The marriage Of Miss Jocelyn Faith
johnson, daughter Of Mr.. F. w. John
son of Walpole. Mass. and Mr.. Milton
Arthur Christie, son of DR.. and Mrs.
Arthur C. Christie, took place in the
garden of the residence of the BRIDE
groom's parents, in Wesley Heights to-
oay, at 1890 O'Clock p.ms DR.. James
Shera Montgomery, chaplain OF the
House of Representatives, was the OIL
ciating clergyman.
The bride wore tan and brown silk
sports dress with a jacket, and beige
felt hat. Her bouquet was yellow roses.
Mrs Charles w. Morris sister of the
bridegroom, was the matron OF honor,
and wore a Jerico blue crepe dress
made with tailored lines. She carried
a bouquet of pink roses.
The best man was Mr.. Lee Fields of
Washington. Immediately following the
ceremony, to which only the family
was invited, a wedding breakfast was
served. Mrs Christie, mother of the
bridegroom, was in a gown of blue flow-
cred chiffon. After a honeymoon trip
to the Summer home Of the Christies,
at Portage, Me. the young couple will
be at home in Washington.
Miss Dorothy Haney SheckeIls,
granddaughter of Mr.. James ]. Haney,
and Mr.. Frank Valenta were married
Evening star., 1932-06-27

ment in the Chastleton. Mr.. and Mrs.
Blaisdell were married Saturday, June
II, in the New York Avenue Presby-
terian Church, the bride having former
ly been Miss Laura jenkins, daughter
of Mrs. George H jenkins Of Balti-
more.
Mr. cambridge Crist, composer, will
be the special guest and entertainer at
the Arts Club dinner tomorrow evening,
the program being one Of far more
than usual interest to musicians and
other artistic persons.
Mr.. and Mrs Stanley Carr and Mr..
and Mrs A. Y. P Garnett were among
those from Washington at thu dinner
dance Saturday night at tlfe Devon
Yacht Club at East Hampton, Long Is
land. where they are spending the Sum
mer.
Mr.. and Mrs. Overton c. Ellis have
Evening star., 1932-06-27

been in Montclair. N. j., visiting their
cousins. Mr. and Mrs. Albert H Gregg,
Evening star., 1932-06-27

on Saturday morning. at st. Matthews
Church. by Mgr. Edward L. Buckley.
Their attendants were Miss Helen A.
Sheckells, sister of the bride. and Mr..
James Curtin. A wedding breakfast for
members of the immediate family fol-
lowed at the Mayflower
After a motor trip to Atlantic City
New England and Canada, Mr.. and
Mrs. Valenta will be at home at the
Royal Arms Apartments, on Sixteenth
street
Evening star., 1932-06-27

A wedding. which will be Of interest
TO large circle of their friends. Is that
OF Miss Katheryn Marie Murphy, daugh-
ter OF Mr.. and Mrs. James Murphy of
newport. r. l., and Mr. RAYMOND Eli
Evening star., 1932-06-27

before sailing today for Europe. The!
will 90 to Budapest. Hungary.
Evening star., 1932-06-27

Mr.. and Mrs overton c. Ellis have
La gaceta., 1932-04-09

Fisher, corresponsal en- Moscu
del semanario LA Naci6n".
Filene mantuvo que ell nuevo
capitalismo es una mejor agen-
tcia que ell comunismo para de-
~volver la prosperidad a la e
Ip1blica y ell bien comun a to-
dos los ciudadanos.
Ell comerciante dijo que para
tener exito en- los negocios, ac-
,tualmente, deben prepararse pla
mes que aumenten ell poder de
c0mpra de las masas a MEDIA
que crezca ell voldmen de pro-
ducci6n, que Sc debe habilitar
a las masas para que compren Ii
bremente 10 que Sc produce, O de
10 contrario los negocios no pue
den mantenerSe s0bre bases de
exito. Asegur6 que las condicio-
mes no podran mejorar para las
empresas mercantiles o de cual
quier otra clase, 81 no Sc eleva
ell nivel de vida de las masas y
que los negocios deben combatir
! las irregularidades o trampas
publicas y privadas que afectan
ell poder de compra de las ma
sas; que Sc debe dar trabajo
continue 0 establecer I'm SECURE
para los que no encuentran ira
ibajo; que deben ser disminui.
das las horas de labor de mo.
do que la production pase de
! trabajo Y de La ganancia, pue
da ser comprada y usada, y que
; a las masas sc les deben dar o
portunidades para que adquie
ran educaci6n cultural.
Considera que estas condicio
| nes son indispensables para e
, eXitO del "nuevo capitalismo"
. Cree que por medic de plane.
habilmente combinados puedeI
impedirse las crisis economical:
: del future Y la escasez de traba
-jo, 10 mismo que Sc han veni
do dominando las epIemias DE-
fiebre amarillo y Vuelas POI
La gaceta., 1932-04-09
de la APPLICATION de la Glen

medic de la APPLICATION de la Glen
cha.
Filene hizo esta pregunta a
Fisher: :Cuantas wees habra
necesidad de repetir Ell plan de
cinco amos antes de que Russia
tenga I'm autom6vil por cada
lseis personals?
Fisher contest6: "Cada ciu-
dadano de la rep1blica Soviet
tendra trabajo antes de que ha-
va un autom6vil para cada seis
de ellos".
! Agreg6 Fisher que ell bolshe-
viquismo no excluye tales pro-
piedades individuales como ell
hogan, automobiles, bibliotecas
y trajes. "Solo insiste en- que la
riqueza es para ell consume y no
puede convertirse en- capital,
por cuanto ell estado debe ser el
nnico capitalista".
"El primer plan de cinco a.
nos intensified la construction
de los ferrocarriles, proyectos
de regadio, fabricas de acero
y en- Ell segundo plan Sc dedicard
mas atenci6n a los articulos dc
consume individual".
Fisher termin6 diciendo que
Russia esta aprendiendo a cami
mar, pero que SUI progresO es ra
pido, aunque no pudo decir GUAR
to tempo pasara antes de vi
su plan llegue al sistema de vi
da que ahora tiene Estados Uni
dos.
La gaceta., 1932-04-09

ses, todas las contribuciones y
todas las hipotecas. Segundo, Ia
reduction de la cantidad de las
hip0tecas en- la misma proper
ci6n que ha descendido el pre-
clio de venta en- los districts &c
las cosechas. Tercero, la forma-
ci6n de grandes cooperat,vas
que recogeran las bancar-otas
de los campesinos, persiguiendo
la idea de que estos puedan en-
tregar ahora la terra a los te-
nedores de las hipotecas y reco-
brarlas cuando la depression
pierda intensidad.
Algunos de los campesinos
recuerdan la propaganda de
guerra que Sc hacia en- contra
de Alemania, cuando a ellos Sc
les senalaba como la espina dor
sal de la naci6n. "Bueno-dicen
la espina dorsal esta ahora
rota, 10 mismo que el grande
enemigo de la guerra, Alema-
MIA. Y 81 a Alemania Sc lie ha
dado I'm ano de moratoria, ipor
que no Sc nos ha de conceder a
n~osotros tambien un ano?"
En- Minneapolis un grupo sc
ha organizado para explotar
una finca cooperative. La terra
puede ser obtenida de un nego-
,ciado del Estado, dandose accio-
nes pre@eridas sobre la macui-
maria J acciones comunes para
sals rios. Ell proyecto cuenta
icon la cooperation de hombres
'de gran experienced y esperase
que sera un exito.
La gaceta., 1932-04-09

Tn miembro de esa organi-
zaci6n estuvo a vernos en- la
manana de hoy y nos eXplico
Que la Srta. Perez ira a Moscu
como una invitada para pre-
senciar las fiestas del prime
70 de Mayo y yer como funcio
ma ell sistema Soviet. Ella es
una de las so personals invita-
das por conducto de las orga-
nizaciones obreras de este
pals.
La Tobacco Workers Union
no esta afiliada a la Tercera
International, que es una Or
ganizaci6n politica,
La gaceta., 1932-04-09
LOS ~CAMPESINOS ESTAN
P~LANEANDO UNA RE-
VUELTA ECONOMICAL

Kansas City, Mo-, (FP) A
bril- 9.-De las necesidades de
los campesinos del medic Oes-
tie esta gradualmente surgien-
do un problema econ6mico que
parece conmovera los mismos
cimientos del capitalismo agri-
cultural. Los campesinos han
pasado POGO tempo estudiando
las teorias economics, pero con
el lapiz en- la mano han estado
calculando ell interes en- sus hi
potecas, el precio del trigo y del
algodon; cuanto trigo pudieran
comprar con los mil pesos que
Sc les prestara hace dos amos y
cuanto trigo tendran ellos que
entregar ahora para que les pa
CARA mil pesos. Ellos han leido
que Ell presidente Hoover hubo
de conceder una moratoria a
Alemania, m~oratoria que pue-
den entender ahora, por Guam
to no disponen de dinero para
pagar.
Ell programa que ha comen.
zado a desenvolverse Sc compo
ne de tres parties: Primero, III
ano de moratoria como la que
alcanzara Alemania, en- todas
las notas que van a cumplirst
en- este ano, en- todos los intere.
La gaceta., 1932-04-09
NOTICTAS T~EIEGRAFICAS
~CONDENSADAS

u.nebray abrll 9.-La notlcls
de los Estados Unidos dando
cuenta de que el secretario
Stirson representara a su pals
en- Ia conferencia del desarme,
Sc considera aqui como una de
las mejores dadas desde hace
muthos meses. Todos los altos
1narios de IA Lgia dc Nacio
mes han recibido Ia nueva con
algeria.
Ell Senador Swanson, que es
al presente ell unico represen-
tante de los Estados Unidos en-
la conferencia, manifesto que
Ia presencia del secretario Slim
son, sera de gran valor.
Los oficiales de la Liga apa-
recen impresionados por Ell he
cho de que es la primera vez S.
un s"ecretario de estado de Anne
RIGA vista a Ginebra o concu-
Trc a I'm mitin de la Liga.
Aeeordando como ell discurso
del ministro americana Gibson
prepare ell canine para ell ira
tado de tres poderes, en- Lon
dres esperase que Estados Uni
COS nondra de nuevo ell ejemplo
a los poderes de la Liga, hacien-
do que estos sacrifiquen su or
gullo nacional en- provecho del
bien comGn. Gracias a La grave
dad de la situaci6n, ell secreta-
rio Stimson encontrara a la Lii
ga funcionando con mas activi-
dad que nunca.
La comisi6n de 10 poderes
nombrada por la Asamblea Sc
reunira para estudiar los pro-
blemas de Shangai y la Manchu-
ria y probablemente convocara
a otra reunion de la Asamblea
81 ell viaje del secretario Slim
son no sirve para aliviar la ii,
rantez en- ell extreme Oriente.
La gaceta., 1932-04-09

Key West, abril 9.-Con des.
agrado Sc ha recibido la mott
cia de que ell secretario de ma
rina ha ordenado cerrar la base
naval de aqui como una medida
de economic.
Las actividades de la estaci6r
de Key West, seran transfers.
das a Charleston, Carolina de.
Sur, dejandose solamente la to
RE de radio y varios agente'
para vigilar los terrenos.
La Sra. Ruth bryant Owen
Representative dem6crata, ha te
legrafiado que considera a Kel
West TN estrategico punto vita
Y de nuevo volvera a oponers'
a que Sc reduzca Ell personal d.
Ia estaci6n.
La gaceta., 1932-04-09
RITZ

RITZ
Tu-
Los notables actores James
Murray y Lois Moran son los
protagonistas de "Bajo Sospe-
cha. una obra en- la que Sc
destaca ell hecho de que no
pucde juzgarse a I'm individuo
por las apariencias.
Completan ell programa de
este teatro I'm divertida come
dia, caricaturas parlantes y
acontecimientos international
les.
La gaceta., 1932-04-09

Shangai; abril 9.-El Jap6n
acept6 aver un plan provisional
para Ia retirada de sus tropas,
sugerido por ell embajador in
giles Sir Miles Lampson.
Los chinos objetaron la pro-
poSici6n porque no senala IN
Unite de tempo para la reti-
La gaceta., 1932-04-09
PRED1CARA Ell SIR. PHIL
LIPS EN- LA IGLESIA DE
WEST NJ MARIANA
DOMINGO.

Manana domingo predicara
en- la 1glesia Metodista de w
Tampa situada en- la avenida
de North Albany, esquina a u
MON, ell Sr. j. A. Phillips. SUI
perintendente de la mission lati-
ma.
Disertara ell ST., Phillips sobre
la prohibition y ell trafico de be-
bidas alcoholics
Ell publico queda invitado.
La gaceta., 1932-04-09

rada de las tropas en- ell area de
Shangai y la califican como "a
penas aceptable'. No obstante,
Sc mostraron inclinados hacia Ia
conciliaci6n en- este punto. La
conferencia discutira hoy, en-
ccnjunto, la retirada de las tro-
pas invasoras.
La gaceta., 1932-04-09
TFATp0e
ROYAL


"Secretos de una Secreta-
ria, con Claudette Colbert;
"Hombres del Vale de la
Muerte', y un episodio de la
serie Buffalo Bill, son las Gin
tas que Sc exhiben hoy en- ell
principal teatro de West Tam
pa.
"Secretos de una Secreta-
ria eS la historic intima de la
vida ficticia que llevan las
grandes familias de la socie-
dad.
La gaceta., 1932-04-09

New York, abril 9.-Un in
,teresante debate tuvo lugar "a
qui entire Edward A. Filene, CO.
merciante de Boston Y Luis
La gaceta., 1932-04-09
LA SRTA. MARIA PEREZ
NO SERA DELEGADA A
LA TERCERA INTERNAL


P0r equivocaci6n pubIit a
mos aver que la Srta. Maria
Perez seria delegado de la To-
baco Workers Union a la Ter
cera International.
La gaceta., 1932-04-09
FL TEMPO

Nub'ados para hoy y mana
ma. Vientos frescos moderados.
Marea alta a las 4:45 a. m.
y a las AS p. m. Marea baja
a las 1925 a. m. y 10:45 p. m.
The Washington times., 1932-12-06
Federal Reserve and R. F. c. Facilities
Expand Credit and Serve to Aid Industry

The unparalleled world wide
economic depression has continued
through the year. Due to the
European collapse, the situation
developed during last fall and
winter into series of most acute
crises. The unprecedented emer-
gency measures enacted and
policies adopted undoubtedly
saved the country from economic
disaster. After serving to defend
the national security. these meas
ures began in July to show their
weight and influence toward i'm
provement of conditions in many
parts of the country.
The expansion of credit facili-
ties by the Federal Reserve Sys-
tenn and the Reconstruction FL
nance Corporation has been of in
calculable value.
The loans of the latter for re-
productive works, and to railways
for the creation of employment;
its support Of the credit structure
through loans to banks, insurance
companies, railways, building and
loan associations, and to agricul-
ture has protected the savings and
insurance policies of millions of
our citizens and has relieved mil
lions of borrowers from duress;
they have enabled industry and
business to function and expand.
The assistance given to Farm
The Washington times., 1932-12-06

mended remedy since that time.
The subject has been exhaustive
ly investigated both by the COM
mitteeS of the Congress and the
officers of the Federal Reserve
System.
The banking and financial syS-
tenn is presumed to serve in fur
nishing the essential lubricant to
the wheels of industry, agricul-
ture, and commerce, that is,
credit. It's diversion from proper
use, it's improper use, or its in
sufficiency instantly brings hard.
ship and dislocation in economic
life. AS a system our banking has
failed to meet this great emerg.
ency. 1t can be said without ques-
tion of doubt that our losses and
distress have been greatly aug
mented by its wholly inadequate
organization.
It's inability as a system to re-
Spond to our needs is today a
constant drain upon progress to-
ward recovery. In this statement
I am not referring to individual
banks or bankers. Thousands of
them have shown distinguished
courage and ability. On the con-
trary, I am referring to the sys-