davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-05-27
STOCKS PUSHED UP
bR|SKLY IN HEAVY
WAVES Of BUYING
Proposal to Repeal Gold
Clause Proves Tonic
to Market.
BY JOHN L. COOLEY,


NEW YORK, May 27.-A smashing
rally in stocks, boom for commodities
and sharp dip by dollar exchange to-
day measured the reaction of financial
markets to proposed erasure of the gold
clause from public and private debts
totaling roughly one hundred billion
dollars.
Trading on the New York Stock Ex-
change, where prices rose ST to more
than $40, reached record breaking
volume for Saturday. At IL o'clock
noon, closing time, the ticker was half
an hour behind the actual market, but
advices from the floor said final prices
were strong and that most issues had
finished near their highs, despite late
profit-taking. Sales approximated A.
100000 shares, the second largest Sat-
urday turnover on record.
Although it was pointed out both
here and in Washington that President
Roosevelt's measure regularized a con-
f1icting situation, Wall Strest found it.
self bitten by the inflationary bee and
threw huge sums of money into the
share and staple markets.
Whirling upward in an opening that
saw blocks of 1000 to $4,000 shares
change hands, the market billowed still
higher. pausing now and then for
proflt-taking, but swiftly absorbing
sales. Wheat, up around cents
bushel when trading began at Chicago,
was holding most of its advance as
the closing gong rang on the Stock
Exchange. New York cotton, climbing
to the highest level since last August,
finished with net gains of IS cents to
$1.10 a bale.
Spectators in silver pushed that
metal sharply higher, the spot quota
tion being 34H cents an ounce, up Il
cent. while futures rose more than a
cent. The May sugar delivery on the
Coffee and Sugar Exchange sold at LII
cents q pound, the best price in three
and half years. Sugar futures closed
with moderate gains. Lead touched 4
cents a pound, highest since 1881.
Final quotations clicked out of the
stock ticker at 1890 pm, giving the
following last prices:
Union Pacific Railroad, SIP, up
$10.50 United States Steel, $50, up
SITS; United States Steel preferred,
sos, up $3.50; American Can, $91.25, up
1925; Case, $3.50, up So; Du Pont,
$7875, up $7.37; United Aircraft, S31.l2,
up So; Chrysler. $24, up sl.25; Ameri-
can Telephone common up $5.37;
American Tobacco B, $50, UP So; Liggett
g. Myers B. S92. up s425; Allied Chem
ical, sl06.25; up So; Johns -Manville,
s39. up 81; Eastman Kodak, $50, up
$3.50; Westinghouse Electric, s43.25. up
So; American Sugar, s62, up $2.75;
American Smelling, S34, up $3.50; Ken
necott. $3.50, up $l87; Mcintyre Por-
cupine. s2862, up 81 cents; Homestake
Mining, $500. up So; Western Union
S45.37, up S237.
Evening star., 1933-05-27
ITALY WANTS REDUCTION.
Rome Says Debt Can Be Met Only In
Merchandise and Service.

ROME, May 27 R).-The Chamber
of Deputies approved early today ma
tional budget, in connection with which
its Budget Committee presented a re-
port last week insisting an 80 per cent
reduction of the allies debts by the
United States Is necessary.
Alberto Asquini, undersecretary Of
corporations, speaking for Premier Mus
solini, told the Chamber recently that
payment of the debts was unthinkable
except with merchandise and services.
Finance Minister Jung made a long
speech before the Chamber vote on the
budget, but did not mention debts. al
though he reaffirmed his previous state
ment that italy would not abandon the
gold standard under any circumstance.
The finance budget foreSees a deficit
of about $170,000000 in the fiscal year
beginning July l. Expenses are esti-
mated at 20,614 ,000.00 lire and income
at 1904 100000 lire.
Evening star., 1933-05-27

BERLIN, May 81 HD.-Any German
desiring to visit Austria must pay 1000
marks (s270) for visa hereafter. This
is a retaliation by the Hitler govern
ment for repressive measures against
Nazis in Austria especially in connec-
ton with the recent visit to Vienna of
Nazi officials. who we're informed by
the government that they were not well
come.
Propaganda Minister Joseph Goeb-
bells, who had intended to visit Austria
and Italy, starts tonight for Rome only,
accompanied by his wife and retinue.
Evening star., 1933-05-27
SIGNS SECURITIES BILL
Roosevelt Approves Measure to
Control Stock Sales.

President Roosevelt today signed the
bill extending strict Federal supervision
over the issuance of new securities,
The legislation, which was recon-.
mended by the President to Congress.
for the first time gives the Government
control of stock sales. Administration
of the law will be under the Federal
Trade Commission.
Enactment CT this bill brought the
Roosevelt program for the extra session
another big step, nearer to conclusion.
Evening star., 1933-05-27
BY the Associated Press.

lay by the Senate Banking Com
mittee.
BY the Associated Press.
The House Banking Committee today
approved the administration bill to out
law the gold clause" of contracts ana
to make all contracts-both private and
public-payable in legal tender money.
The vote was II to 4.
Chairman Steagall said after the
meeting he would seek rule OF pro-
cedure to bring up the measure In the
House Monday.
A special meeting of the Rules Com
mittee was called for this afternoon to
consider granting the rule.
Before reporting the measure, the
Banking Committee defeated, IL to .,
an amendment by Representative Luce,
Republican, of Massachusetts,, to prevent
the cancellation Of existing govern
mental gold contracts.
Luce maintained that the Govern
ment should continue to redeem its
obligations now outstanding with gold.
Written Explanation Submitted.
A written explanation of the measure
by Assistant Secretary of the Treasury
Acheson was submitted at the opening
of the Banking Committee session.
This measure" Steagau said, "ratifies,
reafirms, confirms and makes legal
situation now existing. We are OF the
gold standard. I don't know whether
well ever get back on it or not. That
t. - nc
off the gold standard did.
This bill will put us on managed
currency basis It will broaden our
currency basis.
f'It frees us at home and abroad OF
dependence on gold. 9-.....s.-.
"It is a declaration Of economic in
dependence. 1t will restore prosperity"
Questioned as to his assertion yester-
day that the resolution repealed the
gold standard act" Stagall said:
'It doesn't specifically do that, but
in effect it does. It's all the same. 1t
makes it possible for the Government
to control gold for whatever purpose 1t
sees fit"
Asked do you think it is consti-
tutional?" Steagall assented.
Then you disagree with Senator
Glass democrat, Virginia). who con-
tended it was unconstitutional"
Doesn't Disagree With Glass.
mo, I don't disagree with Senator
Glass. I never do" Steagall replied.
Meanwhile Acheson appeared before
the Senate Banking Committee In ex-
ecutive session to explain the bill.
Chairman Fletcher said he would
ask for swift decision from the CON-
mittee.
Controversy was foreshadowed, how
ever, by the presence of Senator Glass,
who said yesterday the proposal would
be held unconstitutional If the courts
have any regard for the sanctity Of
contracts.
Just before the meeting. Acheson
had a chat with Senator Couzens, Re
publican, of Michigan. who conducted
a one-man fight against his confirma-
tion by the Senate to be Treasury
Undersecretary. Both appeared to en-
Joy the conversation.
The bill is designed to forestan pos
sible attempts to challenge and break
down the country's abandonment Of
the gold standard. as the legislation
formally cancels the gold clause in bill
liors of dollars worth Of Government
and private bonds and mortgages.
1t declares that regardless of de-
mand in any contract, past or future,
Evening star., 1933-05-27
RECESS MITCHELL TRIAL
UNTIL NEXT WEDNESDAY
Prosecution Was in Midst of Third
and Final Phase of Income
Tax Case.
By the Associated Press.

BY the Associated Press.
NEW YORK, May PA week END
rest that will stretch out unit. next
Wednesday brought welcome relief to-
day to heat-burdened prosecutors and
defenders of Charles E. Mitchell, for
mer international banker.
When court adjourned yesterday the
prosecution was in the midst of the
third and final phase of its drive to
convict Mitchell of evading $850,00 in
income taxes. This relates to the
charge he failed to report 1856. .666 re-
ceiyed from the management fund OF
the National City Co. Mitchell holds II
- IN advance and not payment.
Evening star., 1933-05-27
Pinchot Asks Judges
Favored by Morgan
To Resign Positions
BY the Associated Press.

HARRISBURG, Pa, May 27.-
Gov. Pinchot today called upon
Pennsylvania Supreme Court
Justice John w. Kephart and
William I. Schaffer to resign, as
serting Judges who take favors
from interests which are certain
to have cases before them have
utterly disqualified themselves"
Justice Kephart and Schaffer
were named before the United
States Senate Banking Commit
tee as being among these persons
who were permitted by j. P.
Morgan banking interests to buy
securities at less than current
market prices.
Evening star., 1933-05-27
Do Your Guests Feel at Home?

Mrs. Franklin D. Roosevelt will tell her theory
of entertaining personal and official guests in
special article in the Society Section of Sundays
Star.
This is one of a series of articles written es-
pecially for The Sunday Star and the North
American Newspaper Alliance.
Evening star., 1933-05-27
ADJOURN JUNE 10

President Roosevelt and Senator
Robinson of Arkansas, the Democratic
leader, today fixed June 10 as the goal
for adjournment of the extra session
of Congress.
Evening star., 1933-05-27
GERMANY AWAITS U. S. ACTION.

BERLIN, May 27 CP.-Reports of
Americas proposed statutory departure
from the gold standard was received
with the greatest interest today at the
Reichsbank, where two questions were
uppermost in the minds of the directors.
They were:
% Can Germany afford to continue
on the gold standard if America should
greatly devaluate her currency?
(2) How will giving up the gold
standard affect Germany's repayment
of private American debts?
Officials declared themselves unable,
however, at this time to clearly diagnose
the situation as affecting Germany.
A ReichSbank spokesman said:
All we can do momentarily is to
take cognizance of the introduction of
the bill without being able fully to en-
visage the consequences for Germany.
Everything depends on how America
Continued on Page 2, Column 2)
Evening star., 1933-05-27
League Circles Also Agog
Over Reported Telephone
Talk With Simon.
DISARMAMENT DESIRES
EXPLAINED BY BONCOUR
Declarao France Wants to Know
What Will Be Done About
international Security.
BY the Associated Press.

BY the Associated Press.
GENEVA, May 27-President Roose-
velt,s action to abolish the gold pay
ment clause in all obligations, and re-
port that the President had talked by
transatlantic telephone with Sir John
Simon, the British foreign secretary,
were principal subjects of discussion in
League of Nations circles today.
Commenting on the report of the
conversation between the President and
the British foreign secretary, Foreign
Minister Joseph Paul -Boncour of France
explained his nations disarmament de-
sires thus:
France wants to see what the Dis
armament Conference will do about in
ternational security and the control of
armaments."
He added that he was trying to keep
hopeful about the prospects for the con-
ference but it was only natural France
should give Importance to what will be
achieved in the domain of security.
nent delegate, had a heart-to-heart
talk with M. Paul-Boncour last night
concerning the prospects for the con-
ference and it was understood that the
results we're vague.
Mr.. Davis was present at long pub
lie session of the League Council, ac-
companied by Breckenridge Long, the
new American Ambassador to Italy, who
had been instructed to confer with him
on the international situation.
M. Paul-Boncour told the Disarma-
ment Conference that France was
prepared to 60 far in reducing military
aircraft by stages, provided there was
rigid permanent supervision of all air.
craft. He also advocated International
iZation of civil aviation.
Failing this, supervision is essential,
the French foreign minister said.
do not forget that if military air
planes are abolished, big civil planes
will become battleships of the air." he
told the conference.
Austria introduced an amendment fol
the abolition of military aircraft Ru-
dolph Nadolny of Germany supported
it on humanitarian grounds, painting
a picture of the horrors of air bonn
bardments of civilian populations.
If President Roosevelt talked with Sir
John Simon by telephone. as reported
in Geneva, the conversation was be-
tween Washington and London. The
British foreign secretary returned to
London from Geneva this week.
GERMANY AWAITS U. S. ACTION.
Evening star., 1933-05-27
SteagaII to Seek Rule to
Bring Measure Before
House Monday.
PROPOSAL is EXPLAINED
TO MEMBERS OF HOUSE
Luce Loses Fight to Prevent Cam
ceiling All Contracts Backed
by Metal.

The administration resolution to
cancel the gold clause in existing
contracts. and make all obligations,
public and private, payable in legal
tender money, also was approved to-
,1ay by the Senate Banking Com
mittee.
Evening star., 1933-05-27

If President Roosevelt talked with Sir
John Simon by telephone. as reported
in Geneva the conversation was be-
tween Washington and London. The
British foreign secretary returned to
London from Geneva this week.
Evening star., 1933-05-27
VISA PRICE RAISED

Continued on Page 2, Column
Evening star., 1933-06-01

Take your choice Of solid colors and
patterns, in fine broadclothsl Not all
colors in every size. Frlll-shrunk cloths!
Sizes IA, 14h, 151z, 16, 1917, IT.
Mems Furnishings Shop-Main Floor
Red Lodge daily news combined with Carbon County news., 1933-02-01
NOTICE OF SALE OF COUNTY
PROPERTY

Notice is hereby given that the
Board of County Commissioners Of
Carbon County, Montana, pursuant to
an order entered on their minutes on
December 18th, 1882. will sell at pub
lie auction, to the highest bidder, at
the front door of the Court House in
the City of Red Lodge, Carbon Coun-
ty, Montana, on the 18th day of Feb
ruary, 1898, at 200 o'clock p. NJ, all
the right, title and interest of Car
bon County. Montana, in and to the
following described real estate situ-
ated in Carbon County, Montana, to-
wit:
Lots One, Two, Three and -Four.
The South Half of the North Half,
and the South Half of Section TWEEN
ty-four in Township Seven South n
Range Twenty-Five East, M. p. NJ.
containing 547.32 acres, and known AS
the Alonzo McCaslin land.
Appraised Value Six Hundred Dol
lars, ($600. 00).
Such sale may be made for cash, or
on such terms as the Board of Coun-
ty Commissioners may approve; pro-
vided however, that II such sale is
made on terms, at least twenty per
cent (20%1 Of the purchase price
shall be paid in cash at the date OF
sale and the remainder may be paid
in installments extending yer a per-
iod not to exceed five years, and such
deferred payments shall bear interest
at the rate Of six per cent (6%) per
annum.
Dated at Red Lodge, Montana, this
14th day of December, 1892.
BOARD OF COUNTY COMMITS
SIONERS OF CARBON COUNTY
BY c. e. Thompson,
County Clerk
Jan. 4-11-18-25. Feb. 1, 1888.
Red Lodge daily news combined with Carbon County news., 1933-02-01
KGnL TODAY BEGINS
Continued from Page y

it will be the smallest city in the
United States boasting a radio
station broadcasting a full-time
NBC schedule. 1t means that the
people of the territory covered by
KGHL may now listen continu-
ously every day and night to the
finest radio programs presented to
the American public.
In an interview, Mr.. Charles O.
Campbell, manager of the North
western Auto Supply company,
owners and operators of KGHL,
made the following statement: "In
the face of so-called Hard Times
our company is sparing no expense
in bringing to the people of this
territory the finest radio service
available today and we hope that
this step will strike an optimistic
note in our audience. We have
doubled our staff in an earnest en-
deavor to properly service these
programs and we sincerely hope
that the people of this region will
be as pleased to accept this fine
new service as we are to bring it
to them
Red Lodge daily news combined with Carbon County news., 1933-02-01
NOTICE OF CLOSE OF REelsTRA-
TON FOR CITY ELECTIONS

Notice is hereby given that all
books Of registration for the Munich
pal Elections 10 be held In the Cities
OF Red Lodge, Bearcreek, Bridger,
Fromberg and Joliet, Carbon County,
Montana. on Monday the Sra day Of
April, 1888, win close on Thursday,
the 10th dav of February, 1888, at 5
O'Clock p. NJ. and will be closed for
the full period OF forty-five days i'm
mediately preceding the day Of said
election.
Those who were registered for and
who voted on November Sth, 1882. are
not required to register, as their
name will be carried to the City cleo
ton lists. II n change Of precinct
has been made by moving, it is
necessary to be transferred TO the
present address.
Notice is further given that cleo
tors may register for the ensuing
municipal election as aforesaid, by
appearing before the County Clerk
at his office in the City of Red
Lodge, or by appearing before a
deputy registrar, Justice Of the Peace
or a Notal0 'ublic in the manner
provided by Jaw.
Dated at Red Lodge, Montana, this
14th day of January, 1888.
c. +. THOMPSON,
County Clerk and Ex-officio Reg
istrar in and for the County OF
Carbon, State of Montana.
First publication Jan. is, 1888.
Fifth publication Feb. Is. 1888.
Red Lodge daily news combined with Carbon County news., 1933-02-01

Others in private conversations
expressed equal enthusiasm over
the prospect of improvements in
the Tennessee river basin, which
embraces about $4,000 square
miles.
Rejection of the presidents gov
ernmental reorganization program
b.. the Democratic house was
merely the latest expression of the
spirit which has dominated this
short and final session of the
Seventy-second congress from its
beginning. 1t has been invested
by even more than the usual az
mosphere of partisan opposition,
obstruction and negation which
additionally marks a "lame-duck"
session on the eve of a transfer Of
political power.
Deliberately obstructive tactics
such as those of Senator Huey
Long cannot be too vigorously
condemned. But his course, sup
ported by a few insurgents, was
taken on his own initiative and
was opposed by the responsible
leaders Of his party. Much of the
criticism of the Democratic lead
ers for their do-nothing policy has
conveniently ignored the historic
fact that Republicans in the same
circumstances act about the same.
No Legislative production of out
standing Importance is to be ex-
pected from a "lame-duck" session
when a change of administration
impends.
By a vote of 81 to 8, the senate
passed the Glass banking reform
bill, around which has ragged the
most persistent filibuster in recent
years. On the final roll call Sen
ator Long, leader of the handful
of participants in the filibuster,
was absent, being paired with
Red Lodge daily news combined with Carbon County news., 1933-02-01

Louis Wiekierak was a Roberts
caller Friday.
Mr.. and Mrs. William Kisinger
and daughter Vivian called Oh
friends in Roberts Friday
w. E. Lochridge has been on
the sick list for the past week.
Mr.. and Mrs. Henry Brinkema
and daughter Lois visited at the
L. DeVries home near Roberts
Friday.
Chas. Larson of Wyoming has
spent the past few days visiting at
the Lou Tunnicliff home.
Red Lodge daily news combined with Carbon County news., 1933-02-01
WASHINGTON
SNAPSHOTS
Taken by the Helm News Service

Taken by the Helm News Service
Franklin D. Roosevelt, the pres
ident-elect, is stepping out. APP
parently he has cast aside the
hands-off attitude which he as
sumed toward the present con-
gress and its doings earlier in the
winter. During his brief visit to
Washington, Mr.. Roosevelt made
it clear to Senator Robinson, the
Democratic leader, that he was
anxious to get as much needed
legislation through this session of
the congress as possible. Mr..
Roosevelt has particularly in mind,
it was explained, the passage Of
the farm aid bill, generally known
as the domestic allotment bill,
which passed the house with some
notifications. He went so far as
to request the Republican chair
man of the senate committee on
agriculture, Senator McNary, to
discuss the farm bill with him,
and to urge upon him prompt ac-
ton on this measure.
The president-elect has decided
to form an advisory committee,
composed of Democratic members
of the next congress, to keep him
informed daily of sentiment in
that body as to war-debt revision
in general and the details of re-
vision as they develop. He has
asked his closest counselors in the
i present congress who have been
reelected for suggestions as to
the personnel of the liaison group,
It was said by some of those
Democrats to whom the task of
organization has been confided
that they are not yet ready to re-
, port. But they admitted that the
plan was being evolved at Mr..
R~oosevelt's request, and that fav-
orable consideration was being
given to the proposals that the
group be small, and that it be com.
posed of the titular party leaders
in both houses and the chairmer
Of the major committees that dea.
with fiscal and foreign affairs.
% o
The satisfaction shown by Sen
ators who were with President.
elect Roosevelt at Muscle Shoal:
is interpreted as indicating thai
Mr.. Roosevelt plans to undertake
development of the Tennessee riy.
er on a greater scale than ever be.
fore projected. The senators il
the party decline to discuss Mr.
Roosevelt's views, holding that HI
alone can state them authorize
lively, but Senator Mcclellan said
81 was perfectly delighted will
President-elect Roosevelt's IDEAS
Red Lodge daily news combined with Carbon County news., 1933-02-01
CHERRY SPRINGS
BY Mildred Clark
Safurdav Ian OQ-

Saturday, Jan. Is
Martin Pattison and Robert
Harness were Roberts callers
Wednesday.
Mrs. George Treyman was a
Roberts visitor Monday.
Harry Clark made a business
trip to Red Lodge Monday.
Mr.. and Mrs. w. F. Kebschull
transacted business in Roberts
Monday.
Baptist Obert and family, John
ME Obert and family, Mr.. and
Mrs. Chas. Pummala, Mrs. H. P.
Hansen and daughters Alice and
Vera, and Miss Eva Kebschull
were dinner guests at the Pete
Obert home Sunday.
Harold Wood, who has spent the
past few months in New York, ar
rived here last week for a few
weeks visit with his sister, Mrs.
Herman DeVries.
Ned Russell was a Roberts bust
ness caller on Wednesday.
Bill Olels spent Thursday at the
Lou Tunnicliff ranch.
w. F. Kebschull and Louie
Psenda were county seat visitors
Saturday.
H. G. Weir and daughter Ellen
attended the junior class play in
Roberts Friday night.
Mrs. C. A. Olels shopped in Rob-
erts Saturday.
Mr.. and Mrs. Earl Tunnicliff
were in Roberts Friday.
Mrs. Harry Clark and children
Mildred and Harold were dinner
guests at the Lou T~unnicliff home
Sunday.
Harold Egan visited with friends
in Roberts Friday.
Dan Holdiman of Red Lodge
spent a few days last week visit
ing at the G. A. 0lels home.
Mr.. and Mrs. G. H. Bjordahl,
daughter Edna and son Thomas,
shopped in Roberts Saturday.