davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1933-10-28
JOHNSON AND
AIDES DEFEND
NRA SUCCESS
Deny Federal Reserve Charge
That Codes Have Retarded
Industrial Activity.
LEADERS DISPUTE EFFECT
Report Shows That Output OF
Industries Declined During
September.
LEADERS DISPUTE EFFECT
BY CLYDE G. BYERS
United Press Staff Correspondent


WASHINGTON, Oct 28.-A spir-
tied defense was made today by ad-
ministration spokesmen against a
charge by the federal reserve board
that the application of codes and
processing taxes had retarded indus
trial activity.
The dispute was the outbreak of
a fight between the old and the
new. On one side were Officials OF
the treasury and federal reserve. On
the other side were chieftains OF
the recovery and agricultural pro-
grams. Their official statements
scarcely reflected the controversy
behind the scenes. The prospect
that President Roosevelt might be
asked to clarity the controversy was
not far-fetched.
Recovery Administrator Hugh S.
johnson asserted the industrial sit
uation was just the reverse of that
pictured in the reserve boards state
ment
Secretary of Agriculture Wallace
countered the boards charge By
blaming the recession on the indus
tries themselves.
Officials of the reserve board
stood firm. They pointed out their
statement was based on research
and statistics. Their weekly bulle-
tin came out last night, saying there
had been a decline in industrial ac-
tivity.
What aroused Johnson and Wal
lace was the statement that the de-
cline had been marked in those in
dustries in which processing taxes
and codes have become effective re-
Gently"
Johnson telephoned E. A. Golden
weiser, editor OF the bulletin. Sharp
words were exchanged. Then NRA
ground out statement.
It said Goldenweiser had assured
Johnson the charge was "inadver-
tent" GoldenWeiser refused to con-
firm he had given Johnson any such
assurance. Instead he said the bulle-
tin was based on statistics. Men,
bers of the board refused to be
drawn into the controversy.
Johnson Makes Statement
johnson elaborated with the con-
tention: ....
practically every major indus
try has been operating under code
since August. Those not under
codes have been operating under
Presidential Unemployment agree
ments in which the provisions were
usually much stricter than the codes.
And yet, with the exception OF the
steel industry, every report we have
received from major industries has
shown a definite upward trend.
Financial observers believed john
son referred to employment and
payroll gains, rather than output
of industries. Output was shown in
the reserve board statement to have
declined further in October than in
September when it touched 85 per
cent of the 1923-25 average as
against 81 per cent in August.
Wallace also took the bull by the
horns. He said that both flour mills
and textile manufactures had tried
to beat the processing taxes by
speeding up production to abnor-
NAL peaks, and that some recession
was natural after such excess ac-
tivity
Imperial Valley press., 1933-10-28

and dressed meats. The reason for
GhiS protest was said to be that such
action would result in a dumping of
surplus meat on the California
markets.
The speaker of the evening was
John Phillips, state assemblyman
from Banning, a forceful and in
teresting speaker and one who IS
much sought after throughout the
state for speaking engagements. His
subject was THE Turn of the
Wheel"
The speaker brought out that in
reality life cycle is not a wheel
but a spiral staircase and is not
turning but steadily rising to new
heights.
Praises NRA
He stated that the national re-
covery movement is the most cour-
ageous effort any nation has ever
made to solve its economic prob
lens He added that the Golden
Rule of 1000 years ago is the basis
of today's NRA program.
Looking back on history, Phillips
said, the worlds governments have
been for the most part failures and
only a few were successful for any
great length of time. The consti-
tuition of the United States, he
said, is the greatest piece of work
ever to come from the hand of man
and this is proven by $50 years of
actual trial
He called for a return to integ-
rity in private and public life and
urged yearly sessions of the Cali
fornia legislature to consider new
problems arising each year. A
complete revision of the state con-
stitution was advocated by the
speaker as he said that document
included everything but tie kitch-
en- stove"
A vote of thanks was rendered
the host, A. L. Richmond of the
Planters hotel and the Brawley
Chamber of Commerce. News OF
the football game between the e.
Centro Spartans and the Brawley
Wildcats was brought to the meet
ing and caused much pleasure to
the Brawley fans but not to the
supporters Of the Spartan STAN
dard.
Dinner was served to the as
sembled delegates in tie hotel pa
ito.
Imperial Valley press., 1933-10-28
SWING ASKED
To CONE HERE

At the conclusion of yesterdays
meeting of the irrigation district
board Of directors a telegram was
sent to Phil D. Swing asking him
to proceed directly to Ell Centre
instead of going on to Los An
geles as he originally had intend
ed.
On Swings arrival in Ell Centro
he will meet with the board at
the district office in order to give
them, verbally what ever additional
information he has regarding the
All-American canal particularly
from the angle of the contract
which the board discussed yester-
day.
Swing at present is enroute from
Washington to the coast having
left the capital yesterday He had
intended to stop at Los Angeles
and come to the valley at later
date.
Concluding their discussion OF
the contract situation as 1t affect
ed the district, members OF the
board requested M. j. Dowd. chief
engineer to compose an estimate
showing what this work would
cost on a force account with the
reclamation bureau and under
contract prices.
Following the consultation with
Swing ON Tuesday 1t Is expected
that the board will adopt some
policy In regard 10 the contract
and then send two or more rep
resentatives to Washington to con
suit with officials there. 10 was
agreed that without a definite pol
icy of some kind 1t would not be
of much use to send anyone for
conferences with the Washington
officials.
Imperial Valley press., 1933-10-28
To REF|NANCE
STRAUS BONDS

LOS ANGELES, Oct. 28 U.P) -
Formation of the Realty Bond re-
organization company forecasts the
ultimate refinancing of some S40,-
100000 in buildings here and in San
Francisco which originally were
sponsored by S. w. StrauS and COM
pany, officials said today.
The company will coordinate the
work of a number of bondholders'
protective committees now attempt
ing to reorganize group OF large
office. hotel and apartment build
ings, according to Paul Fessell, at
torney for the committees.
A campaign for the deposit OF
bonds is meeting with success, and
all refinancing probably can be ac-
complished within two or three
years. For many issues the required
number of bonds has been deposit
ed to insure refinancing operations,
it was said.
All of the buildings were financed
by Straus company bond issues,
which were widely distributed in
California.
Plans for reorganization at pre-
sent call for the issuance to bond
holders of income ponds of new is
sues on basis of par for par in ex-
change for the old bonds.
The exchanges will vary in detail.
pending upon the action OF equity
owners and the income OF each
building involved.
Fessel said that separate plans will
cover each issue and that terms OF
the trust indentures will provide
that bondholders snail receive all
income above operating expenses,
with maturities at Is years.
Imperial Valley press., 1933-10-28
Valley Visited
By Heavy Fog

Imperial Valley experienced some
more unusual weather this morn
ing when at $50 a heavy fog rolled
in from the southeast which lasted
40 minutes.
Dean Blake, meteorologist for
San Diego county. was present in
the valley and discussed the phe-
nomenon with Howard Emmons,
local observer for The United States
weather bureau. He also talked
with the local officials over their
various reports and the many kinds
Of weather prevailing in the valley,
praising their work and records.
Imperial Valley press., 1933-10-28
VALLEY CITIES
FORM LEAGUE

Imperial County League of NUM-
cipalities was formed last night
at a meeting of city officials of
the county held at the Planters
hotel, Brawley. This meeting had
been called particularly for this
purpose.
Officers of the league, named at
this meeting, are: Miss Mae Juve-
nal, Brawley city clerk, president;
w. c. Jones, CaleXico city council
man, vice president; David Good
rich, Ell Centro city treasurer, Sec
retary-treaSurer.
A board of directors was also ap-
pointed consisting of the follow
ing: R. l.. Baker, Brawley mayor;
A. N. Bucklin, FL Centro city coun-
Gilman; Sam Webb, Holtville may
or; Ike Schlatter, Calexico mayor;
H. G.. Miller, Imperial mayor and
w. c. Wilkinson, mayor Of CAL
ipatria.
For the current year a represen-
tative of the newly-formed league
will have a seat on the advisory
board of the state league and next
year the county organization will
be entitled to have a director on
the state board of directors. This
is a privilege of all division organi-
cations affiliated with the state
body.
Allen Wright, city clerk of San
Diego and past president of the
state League Municipalities, was
present at last nights meeting and
explained the workings of the
league to the valley officials af-
ter which the work of organization
the league was concluded.
Imperial Valley press., 1933-10-28
Contract Awarded
On Valley Bridges

SACRAMENTO, Oct. 28 U.P) -
Five highway contracts totaling
$l49,496 were awarded today by the
state department of public WORKS,
including:
Imperial county - Erecting five
timber bridges on the San Bernar-
dino-El Centre lateral between
Kane Springs and Gavel Wash, 10
Lynch-Cannon Engineering COM
pany, Los Angeles, $76,367.
Imperial Valley press., 1933-10-28
Banker May Seek
Treasurer's Job

SACRAMENTO, Oct. %. U.R) -
A new candidate entered the po-
;itical field today when Charles j.
CEenu, Bank of America official
here, indicated he might seek the
state treasurer's post if Charles G..
johnson joins the free for all race
for governor.
Chenu is a former head of the
motor vehicle department and
board of agriculture.
George M. Stout, secretary Of
the state veterans welfare board,
9lso announced ne would seek
Johnson's job if the treasurer be-
comes a candidate for governor.
Imperial Valley press., 1933-10-28
Victim OF Train
In Bad Condition

Rafael Estrada is in a critical
condition at the county hospital
it was learned this morning. His
mangled arm was amputated above
the elbow last night and he is
extremely weak from loss of blood
and shock.
Estrada was injured at l:30
o'clock yesterday afternoon when
he fell under a passing fraight train
at Broadway and the railroad
tracks while attempting to board
the moving train.
Imperial Valley press., 1933-10-28
ROCKEFELLER
KIN BREAKS
WITH W|GC|N
lonng Aldrich Denounces For
mer Chase Bank Head For
Big Profit Taking.
REVELATIONS SURPRISING
Associates Of Ex-Official Un-
aware Of Stock Dealings And
Huge Bonus.
BY LYLE C. WILSON
United Press Staff Corresponds

United Press Staff Correspondent
WASHINGTON, Oct. 2S.-Senate
stock market investigators have OBJ
dained evidence of multi-million
profits to Albert W. Wiggin, one
time head of TIE Chase National
bank, far beyond the $l0, ,425, ,675 02
he realized from trading in the
shares of the bank itself. The ad-
ditional profits were in securities
OF other corporations.
Revelation of Wiggin's profits in
bank shares brought an open break
between the former Chase head and
his successor, Winthrop w. Aldrich,
Son-in-laW of John d. Rockefeller.
Ferdinand Pecora, committee coun-
sci, unfolded the story, million by
million Aldrich listened in angry
surprise.
He moved to the committee table
and in 200 clipped words denounced
Wiggin and lis boom time bank
ing methods. Aldrich promised a
new deal. SO long as he runs Chase
there will be no manipulation to
establish artificial values for the
banks stock, he said.
Severely criticized details of the
banks loans to Cuba were also
jolts to Aldrich as he heard them
revealed for the first time under
Pecora's questioning.
The tremendous profits by Wig
gins private corporations dealing
in Chase shares tripped the trigger
on Aldrich's anger. The break be-
tween the two men appeared to be
complete.
Wiggin will return to the witness
chair next Tuesday when Pecora
resumes investigation of his per-
sonal profits. 1t was in 1882 that
Aldrich aided by powerful pressure
of the Rockefeller stock interest,
began to maneuver Wiggin out OF
the bank.
Story Amazes Partners
Wiggin is out altogether now, al
Though he owns much stock. His
100000 annual retirement pay was
stopped this week when Stockhold-
ers rose in rebellious protest. They
had not known of it until the pen
sion was revealed by Pecora.
Aldrich was not the only Chase
bank official who heard the W1ggin
stock profits with amazement. There
are zoe officers in the bank. They
carried stock through the market
panic-many of them were in the
Fearing room to learn for the first
time that Wiggin had accumulated
great profits. The banker COM
planned to Pecora that the $1O,-
100000 figure did not accurately re-
fleet his profit and loss account.
He said there were losses in other
bank stock transactions which
would offset that profit but he was
not able Immediately to say by how
much. That information did not
appear, however, to soothe the feel
ings of Aldrich and other bank Of
ficials. Many of the latter bought
Chase stock at high prices, bor-
rowed money to carry the invest
.nent and now are experiencing DIFF
ficultieS.
Chase was a s'one-man" bank un-
til Aldrich came in through con-
solidation with the Equitable Trust
company, in 1880.
Imperial Valley press., 1933-10-28
WOMAN ADMITS THEFTS

LOS ANGELES, Oct. %. (U.P) -
Helen McKearnan. AZ. sister of Jack
Kearns, prize fight manager, await
ed a probation hearing today after
pleading guilty to a charge of petty
theft. She was accused of lifting"
several hats from a local shop.
Imperial Valley press., 1933-10-28
COUNTY GETS
RELIEF FUND

SAN FRANCISCO, Aug. %. (Spe-
ciaD-Imperial county has been
granted $4,000 from the first block
of the state emergency relief bonds
of $20,000,000, it was announced to-
day by the State Emergency Relief
Administration in san Francisco.
This grant is for tine last quarter
of 1888. The money is now avail
able and will be in the hands of ap-
propriate county officers within a
week.
The first block of state relief
bonds offered for sale totaled So
100000, and the grants from this
particular division of the bond mo-
ney were made by the State EN-
ergency Commission acting upon the
applications of the beneficiary coun-
ties. The money is to be distributed
and expended under the direction of
the State Emergency Relief Admin
istration which is in charge of the
disbursement of all state and fed
eral emergency relief funds in Cali
fornia.
In addition to the above sum, Dr..
N. E. Dupont, chairman of the I'M
perial County Emergency Relief
commission announced today that
1850 pounds of pork have been re-
ceived here from the federal relief
administration, through the food
conservation department. This comes
from the several million hogs which
the government ordered slaughtered
as a means of cutting down over
production in farm products.
A special meeting of the board
of county supervisors was held
at the court house at 4 o'clock
yesterday afternoon for the pur-
pose of adopting resolution and
ordinance authorizing the county
to borrow from the state of Califor-
mia the sum of $4,000 provided for
under the unemployment relief
bond act of 1888.
Action to secure this loan had
been taken by the supervisors at
previous meeting but the formal
authorization was not had until
both the resolution and ordinance
were passed at yesterdays special
session.
Imperial Valley press., 1933-10-28
mkWlLL
EWYR2SS}s:;ER' Be-;

BEVERLY HILLS, Oct. 27.
(SpeciaD-Papers every day in
big headlines tell what gold
sells for. Just as we'll tell what
radium sells for Who has any
of either?
Nevada has a great law.
When they vote on bond is
sue, they have two ballots. One
is for property owners and one
is for non-property owners.
And to pass, it has to be a ma
jority of both.
Nevada will take your wife
away from you with represent
alton. But they won't let any
body who pays no taxes take
your property away from you.
Yours,
MN R1~~
o,s,, nsHsSsh, syHdssa.s. is~
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17
Cleveland Rt. 2.

This ground hog weather has
certainly spoiled our roads and
put our farmers behind with their
blowing. !,
The school buses to Cleveland
from this section have been hav-
ing very much trouble with this
mud and cold weather.
Mrs. N. S. Steele is on the sick
List at this time we are sorry to
write. We hope she is well again
soon.
Mrs. Jennie Campbell continues
to improve we are glad to write.
Miss Blanche Perry spent the
weekend with her father, Mr..
Holland Perry, at Charles, N. G..
Mr.. and Mrs. Sam Young and
children and Mrs. W. H. Burton
were visitors of Mr.. and Mrs. Floyd
Smith, of Kannapolis, during the
weekend.
Some one entered league school
house Sunday night and burned a
number of books.
Miss Ruby Johnson spent Feb.
18th at South River school. Mrs.
C. E. Steele is teacher there.
Quite a few of the community
folks attended Goal Knights" a
play given at Cleveland school aud
;itorium Feb. 18th and 18th.
Mr.. and Mrs. ]. H. Steele and
family visited her parents, Mr.. and
Mrs Henry Young, Sunday after
noon.
Miss Josephine Foster spent one
night this week with Miss Dorothy
Wooten.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17
Roosevelt Escapes
ASSaSSin'S Bullets
Continued from page one

Continued from page one
day, MIR. Roosevelt gave the fol-
lowing as his version of the ira
gedy:
Il have heard so many accounts
myself that i have been trying to
think what really happened as I
saw it.
after I had finished speaking,
someone from the talking picture
people climbed on the back of the
car and said you must repeat that
speech for US I said l would not.
He said, we have come 1000
miles for this. l said I am very
sorry, but l can't do it.
Having said that, l slid off the
back of the car into my seat.
"Just then Mayor Cermak
came forward and l talked with
hun about a minute about Chicago
in general. Then he moved off
behind the car. Bob Clark Zone of
the secret service men) was stand
ing right by him. AS he moved
away, a man came forward with a
long telegram and started telling
me what it contained. While he
was talking I leaned forward. Just
then I heard what l thought was
a h~recracker, then several more.
The man talking with me pulled
back and the chaufer started the
car
81 looked around and saw May
Of Cermak double up with Mrs.
Gill collapsing. l told the chauf-
fer to stop. He did. About IS feet
from where we started. The secret
service men shouted to him Get
out of the crowd!' The chautfer
started again and I stopped him
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17

again, this time at the corner Of
the bandstand.
Looking back l saw Cerrnak
being carried along and we put
hum In our car. He was alive but
| was afraid he wouldn't last. l
got my hand on his pulse and
found none. He was on the seat
with me and l had my left arm
around him He slumped forward.
A detective from Miami, 81 standing
on the running board on that side
of the a was leaning over him.
He said after we had gore a couple
of blocks he was afraid Cermak
would not last.
II, too, was fearful. Just lien
Cermak strengthened up and I
got his pulse. That was surpris-
ing. For three blocks ] actually
believe his heart had stopped.
81 held him all the way to the
hospital, and his pulse constantly
improved. 1t seemed like Is miles
to the hospital. l talked to him all
the way. l remember l said, Tony,
don't move-keep quiet-it won't
hurt if you keep quiet and re-
main perfectly still
II found that a bullet-the
one probably that hit Cermak-
grazed the top of Clark's hand.
His hand was all bloody and
scratched.
"You know I knew Bill Sinnott.
| kidded him at the hospital this
morning and told him they
couldn't hurt him with a bullet
in the head. 1t would just bounce
off. l left orders for them to
starve him and take off at least
2o pounds"
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17

White Plains, N. Y.-Three pri-
vate detectives, a hairdresser and a
parlor maid, whose afhdavits a
greed that the man with whom
Mrs. Ruth Farr Helm occupied an
Ambassador Hotel suite in New
York city and a Pocasset, Mass,
summer cottage, vas not Warner
M. Helm, wealthy Bronxville man
ufacturer, cost her $500 monthly
alimony in court.
Mrs. Helms companion, instead
Of her husband, was Alex Levy OF
New Bedford, Mass, from whom
Helm recently won $4,000 in d
Boston alienation of affections suit.
the witnesses for Helm were GER
tain.
Sleuths Henry Haines, Kar
Herspreger and Henry Westing said
that on Aug. IS and 16, 1881.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17

In a letter to each senator the
New York Stock Exchange Reform
Committee last week charged that
the senate's committee investigating
the stock market is neglecting its
work and is practicing a deception
upon the nation. A delegation will
visit the senate Thursday to ask an
investigation of the investigation
committee.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17
CELLULOID COLLARS ARE
BLAMED FOR FIRE

Akron, ~Ohio.-Celluloid collars
were blamed for causing a fire
which Quilted the interior of a
downtown clothing store here and
resulted in a damage estimated at
$1,000. Firemen said the celluloid
collars had been piled near a CHM
ney in the store and they caught
fire when the stack became over
heated.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17
Let Other Man Out
By Back Door

when they accompanied Helm tc
Pocasset, they found Mrs. Helm
and Levy occupying cottage
there.
Adele Madison, a maid in thu
cottage also made an affidavit tina,
Levy was a co-residene of the place
When she dressed Mrs. Helm.
hair at the Ambassador in New
York, Peggy Schneider, a beauti.
Clan, said she met Levy, whom Mrs
Helm described as her husband,
William Verrall, superintendent
of an apartment house where tn.
Helms lived in Bronxville, said il
an additional affidavit that he fire..
quently let Levy out of the place
through a real door.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17
ELECT OFFICERS

ELECT OFFICERS
At a meeting of the Salisbury
Spencer Central Labor Union Mon
day night, C. A. Fink was reflect
ed president, while other officers
elected were: C. H. Bringle, vice
presidents; F. T. Cornelison, record
ing secretary with ]. A. Pnkstor
. assistant; G. L. Seamon, fnancla
secretary; H. G. Fisher, treasurer
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17
WARLICK SPEAKS

An interesting event of Tuesday
night was the meeting of the Sam
uel c. Hart post of the American
Legion held in the Community
building, with Judge " ilson War
lick, of Newton, as the principal
speaker.
Judge Warlick is one of the
leading members of the legion If
this state and spoke On the work
the legion is doing and of its ser
vices, and urged all service mel
to join the legion for the conrad
eship and value to the community
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17
|. CITY and
W. F. BRIEFS

D. ]. Butler, R. w. Teeter, H. E.
Wheeler, trustees; ]. E. Shepherd,
sergeant at arms, and S. H. Pinks-
ton, chaplain.
The central union favors the
present non-partisan type of gov
eminent in Salisbury, and is OPP
posed to placing it on a partisan
basis.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-02-17

KILLED IN CAR CRASH
Eugene Branch, Fl, was killed
and two seriously hurt when an
automobile failed to take a curve
near Marion and crashed into a rec