The Bismarck Tribune Newspaper, April 21, 1932, Page 1

*y < rd , ‘J Price-Raising Bill Is Approved at North Dakota’s Oldest Newspaper ESTABLISHED 1873 THE BISMARCK TRIBUNE BISMARCK, NORTH DAKOTA, THURSDAY, APRIL 21, 1932 The Weather sodas toler Prine —- PRICE FIVE CENTS Dawes Warns A FEDERAL RESERVE BOARD WOULD BE PLACED IN CHARGE Level of Commodity Prices Would Be the Average From 1921 to 1929 MEYER VOICES OBJECTION Head of Banking System Op- poses Scheme on Ground it Cannot ‘Hold Line’ Washington, April 21—(#)—The house banking committee Thursday approved the Goldsborough bill di- recting the federal reserve board to increase and stabilize wholesale com- modity prices. An amendment was inserted on motion of Representative Stevenson (Dem., 8. C.) fixing as the proper level the average of prices from 1921 to 1929. Eugene Meyer, governor of the fed- eral reserve board, has opposed the measure, which was reported favor- ably without a record vote. The principal ways in which the board’ would be able to increase and stabilize commodity prices, committee members said, would be through pur- chase or sale of government securities and raising or lowering rediscount rates. The board already is purchasing government securities at a rate of about $100,000,000 a week in an effort to increase the volume of credit and stop deflation. Meyer told the committee he be- Neved the board had about reached the point in its effort to improve con- ieee where it could “not hold the OBJECTS 10 SLASH IN APPROPRIATION PLANNED BY SENATE Says Proposal is ‘Not Business- like’ and ‘May Not Even Be Economy’ Washington, Apri 2i.—(#)—Pro- gress was made Thursday by the house economy committee toward for- mulating a federal entrenchment bill while criticism of a proposed cut in government salaries was voiced in the senate. The house committee struck from President Hoover's retrenchment pro- gram the proposal to suspend oper- ation of ship lines by the shipping board on Jan. 1, 1933. It also tentatively decided against suspending federal contributions to vocational education during 1933 but agreed to propose a plan for that ac- tion thereafter. Meanwhile, Senator Ashurst (Dem., Ariz.) predicted in the senate that if the salaries of government employes are reduced “every industry in the United States will do likewise.” The senate also heard Senator Od- die (Rep., Nev.), express disagree- ment with a proposal by Secretary Mills that the government @artail let- ting public building contracts for a year. In a letter to Oddie, Mills made his suggestion in opposing a 10 ber cent slash in treasury department appropriations. Mills made his views known in a letter to Chairman Oddie of the sen- ate subcommittee in charge of the treasury department appropriation bill as the house economy committee renewed its efforts to complete a pro- gram by which $200,000,000 can be saved next year in government ex- Penditures. The treasury department head rec- ommended enactment of President Hoover's proposal for a five-day week for employes on an annual basis. Without provision for the furlougn plan, Mills said, “the alternative is a shocking one.” He said it would mean “upwards of 6,000 employes,” nearly 80 per cent of whom are stationed outside of Washington,” would “be turned out on to the streets by the government of the United States.” Estimating the 10 per cent cut would result in a saving of $14,000,000 for the treasury department. Mills said the Hoover m promises a OLD TIME BAR IS PROHIBITION’S ‘EXHIBIT A’ exhibits at the prohibiti to the bartender. An old-fashioned bar, designed to show the evils of liquor and the ir In Washngton. In this strange tionists posed for photographers. The picture was made as Church South, introduced William 8, Chase (right), chairman of the 1 Associated Press Phot aloon, was one of the principal tting two of the nation’s leading prohibi- Ishop James Cannon, jr., Methodist Episcopal International Reform Federation, GOVERNOR 10 GIVE ANSWER T0 MONEY APPEAL FOR PARDON California Executive Will An- nounce Decision Thurs- day Afternoon Sacramento, Calif., April 21.— (AP)—Results of his test of the ac- {curacy of the scales of justice in the {case of Tom Mooney were to be an- nounced Thursday by the governor of California. Sometime between noon and 4 p. jm. Governor James Rolph, Jr., ex- | pected to speak te words that would mean freedom or continued imprison- ment for California’s most widely known convict. Meanwhiie, within the gray walls of San Quentin prison, Thomas Mooney, former labor leader and con- victed dynamiter, went about his “vegetable man.” In Folsom prison, another man to whom the decision may mean much, waited. He is Warren K. Billing: who, like Mooney, is serving a lif sentence. Both were convicted it the 1916 San Francisco Rtaparedpess Day parade bombing which claimed ;10 lives and injured 40 persons. __ Billings said he considered his case and that of Mooney parallel. “Granting that,” he added, “ I nat- urally will be affected by Governor Rolph’s decision in the Mooney case.” Mooney’s long struggle for free- dom on the ground he was convicted upon perjured evidence, has gained the attention of men of prominence in all parts of the world. U Senior Will Not Take Examinations Grand Forks, N. D., April 21.—Se- niors at the University of North Da- kota will not take comprehensive ex- aminations this year as the result of the action taken by the administra- tive committee, according to R. O. Wilson, registrar. The examinations) were postponed from one to three The examinations were scheduled to take place this week but were post- as the result of a petition fil- ed by the senior class stating that the examination would be somewhat un- just in that present upperclassmen had entered the university before the measure was Decision to hold the examinations for seniors this spring was made last) Lindbergh Kidnaping Case Is Shrouded by Secrecy! AUTO PARKING LOTS usual duties—those of the prison! Emissaries of Flier and Police Working Behind Screen of Silence Hopewell, N. J., April 21—(AP) —The 51st day of the Lindbergh kid- |naping mystery Thursday saw Col. Charles A. Lindbergh, his emmis- saries and the police still working ‘behind a screen of secrecy from which there came no indication that the return of Charles A. Lindbergh, Jr, is any nearer. Developments were scanty. Dr. John F, Condon, the “Jafsie” who| made the futile $50,000 ransom pay-} ‘ment, went for an automobile ride ‘in the vicinity of Spuyten Duyvil, 'New York, Wednesday. He was driven by Al Reich, former prize-j| ifighter who is acting as his guard, but the purpose of the drive was not disclosed. Optimism still was felt at Norfolk where Dean H. Dobson-Peacock and itwo other intermediaries still are hoping to get the baby back. John ‘H. Curtis, one of the dean’s col- | ‘leagues, departed Monday from his jhome, perhaps to visit Colonel Lind- bergh and try to make contact with the kidnapers. He has not returned. | SAY WOMAN'S FLIGHT WAS CURIOSITY HOP Kansas City, April 21.— (AP) — {The flight of a woman in a red ‘monoplane from the municipal air-) ‘port here to Hopewell, N. J., is ermed a “curiosity hop” by the ‘ansas City Star. Identifying the passenger as Mrs. ‘Elizabeth Faubion, wife of a machin- ist, the Star says she told Walter C. Taber, owner of the plane: “J just wanted to see the Lind- bergh home.” The woman refused to comment on ‘the kidnaping of Charles A. Lind- bergh, Jr., upon her return’ here {Wednesday. At her home, Mrs. \Faubion denied she made the flight. os ° | Today in Congress | > oem Senate Continues debate on $112,000,000 appropriation for justice, labor, commerce, and state departments. Prohibition bill hearings con- BISMARCK TO HAVE IN BUSINESS SECTION | Plan Will Give Visiting Shoppers More Parking Space on City Streets Bismarck will utilize some of the vacant lots in the business district for free automobile parking spaces this summer. Workmen Thursday. were preparing four such lots for parking spaces, and these will be opened to public use in the near future. The parking scheme will give visit- ing shoppers more parking space on/ streets in the downtown section, H. P. Goddard, secretary of the Assovi tion of Commerce, said. Business men will be requested to park their autos on these lots, there- jby leaving parking space in front of their stores open to the use of cus- tomers. The lots are to be divided into 50- foot lanes, with a row of cars park- ed on either side and an entrance and exit lane between each row of machines. This plan will enable mo- torists to enter or leave the parking Spaces whenever they wish without necessitating the moving of other ae Police will supervise the park- ing. Preparation of the lots is being fi- nanced by'the city under the super- vision of Myron H. Atkinson, city auditor. The lots are at the corners of Main avenue and Third street, Broadway avenue and Sixth street, and Thayer avenue and Seventh St., and the south half of the vacant lot at Main avenue and Fifth street. Other lots will be prepared for parking if the plan proves successful. Aviation Pilot Is Dead from Wound Miami, Fla., April 21—()—Haden Clarke. 31, aviation pilot and free lance writer, died Thursday from a bullet wound he received shortly be- fore dawn at the house where he was living with Captain W. N. Lancas- ter, former British flier, and Mrs. Jessie M. Keith-Miller, Austrailian aviatrix. tinued by judiciary subcommittee. Stock market inquiry resumed by banking and currency commit- tee. Finance committee winds up tax bill hearings. Davis-Kelly coal regulation bill hearings continued by mining committee. Commerce committee considers Wagner employment system bill. House Debates naval appropriations. Bonus hearings continue before ways and means committee. Special committee meets on government economy. Banking committee considers Progra! greater reduction “without impair-|year. They were to determine the] price stabilization. ment of government efficiency and|student’s knowledge in his major| without the intolerable hardship which dismissal would inflict on thou- sands of American families.” If the 10 per cent appropriation cut is adopted, the treasury secretary rec- ommended it not be applied to em- ployes of the internal revenue bureau. He said the salary and expenses of each agent average $3,716 a year while in the last fiscal year each one recommended additional. taxes) amounting to. $105,000. Assuming that half of the tax rec- ommended was collected, Mills said field and would have replaced separ- ate tests in each subject. As in form- er years no final examinations in ih- dividual subjects will be given to graduating sentors, Wilson said. Bootlegger Shot in Fight With Policeman Minneapolis, April 21.—()—Shot after.a. hand-to-hand battle with the chief of police of Elk River, an al- leged liquor runner was arrested early “in crder to save $3,716 in salary and);hursday. Forty-two gallons of al- expenses we would sacrifice $52,500 in |cohol were seized. The wounded man taxes.” He additional $95, Another recommendation was that letting of contracts for a number of postoffices be suspended. He saia 1 taxes! was brought to a local hospital. He be reduced by|gave his fame as Alfred LaBare, St. ‘Paul.. A second man escaped. MAIL PILOT KILLED Fort Wayne, Ind., April 21.—(7)— cities had been able to get along with|Lieutenant George W. Hill, mail pilot the old structures and could do sojfor the Trans-American Air Lines for a while longer and added. “what|corporation, sacred .about new. postoffices in|plane crashed. is. times like there?” was killed when his air- Thursday. He lived in True Love’s Course Threat to Cut Off Beard of Priest | In statement to police, Mrs. Keith-Miller said she was awakened shortly before daylight by Lancaster, LAT told her Clarke had shot him- self, New Police Chief Named at Grafton Grafton, N. D., April 21.—(7)— Christ Lyster was appointed chief of Police and Harold Lunde night watchman by H. L. Sieg, new mayor, at the organization meeting of the city council here Tuesday night. The appointments are for 30 days, the mayor said, and satisfactory service will mean permanent appointment. Halted by Rude Bombay, April 21.—()—The marriage of Shaukart Ali, 60- year-old Mohammaden leader and Mrs, Elizabeth Ryan, di- vorced wife of an Irish police of- ficer, was stopped at the last minute under dramatic circum- stances Thursday when Shau- kart's son, Zahid Ahmed, threat- ened to cut off the priest's beard with a knife. Shaukart Ali and his intended bride, a 25-year-old Englishwom- an, were preparing to go to the altar when the Mohammedan priest refused to perform the ceremony, claiming it was not in conformity with Islamic law. Hardly had this episode oc- curred when Shaukart’s son ap- peared with a knife and made his threat to cut off the priest's beard if he performed the ceremony. ‘This would have been the greatest insult possible to any Moham- medan. Mrs. Ryan had renounced Christianity and embraced Islam in order to marry Shaukart, but the Mohammedan clergy raised difficulties in connection with her divorce, Shaukart insisted he would marry the girl even if the eccle- siastical authorities forced him to leave India. The colossus-like ‘Shaukart weighs over 300 pounds. by Committe LEMKE ADVOCATES (Wrath Flares in Court at Honolulu POPULAR VOTE ON DRY LAW QUESTION Congressional Candidate States Position in Letter Re- ceived Here STRONG FOR FRAZIER BILL Wants New Money Issued so Government Can Assume Debts of Farmers William Lemke, Nonpartisan can- didate for the Republican congres- sional nomination, will campaign on @ platform which includes submis- sion of the prohibition amendment to @ vote of the people. This information is contained in a letter sent through the state this week by the candidate. The idea be- hind this declaration, the letter makes clear, is contained in the old slogan, “Let the people rule.” But the declaration on the liquor question is the last plank in the Lemke platform. His chief tenet is advocacy of the Frazier farm relief bill, which has been introduced in congress but is getting nowhere. Lemke is generally credited with au- thorship of this measure, despite the fact that Frazier’s name is attached to it. The text of the Lemke platform follows: “First, last and all the time I am for the Frazier farm relief bill, which provides that the United States gov- fernment shall refinance the existing farm indebtedness at 1’ per cent in- terest and 1's per cent principal on the moratorium plan, not by issuing bonds, but by issuing federal reserve {notes secured by first mortgages on farms—the best security on earth— better than foreign bonds, and far better than the security put up for |federal reserve notes by the interna- tional bankers and Wall Street, for whose benefit the Federal Reserve |bank has been functioning ever since ithey kidnaped it. This bill asks the jgovernment to do for the farmer (Continued on page four) SOUOURNERS T0 GO TO STEELE MONDAY Will Put on Degree Work in Full Uniform For Masons in Kidder City A score of Bismarck Sojourners, {Masonic organization whose members jare or have been commissioned offi- cers in the army, will exemplify de- gree work before the Steele Masonic jlodge next Monday evening in the \Kidder county city. The Sojourners will be in full uni- form for the program. G. L. Spear, L. V. Miller, F. F. Skin- ner, L. R. Baird, Captain R. R. Tour- {tillott, Major Harold Sorenson, Major \A. C. Young, Lorenzo Belk, Dr. H. |A. Brandes, Dr. R. W. Henderson, R. D. Hoskins, Captain Herman A. Bro- jcopp, B. E. Hitchcock, Dr. W. L. Diven, Dr. R. W. Allen, H. C. Mc- Cready, Dr. W. B. Pierce, W. H. Payne, and Dr. G. M. Constans, all of Bismarck, Frank Judkins, Wilton, and Bruce McConnell, Tappen. Three men were made members of the Sojourners here in the Masonic temple Wednesday evening. They were T. G. Gereau, Wilton, and Dr. R. H. Waldschmidt and Gilbert Cass, both of Bismarck. Degree work was exemplified for this trio and H. C. McCready. Frank Judkins.and Bruce McCon- nell were out-of-town members who. attended the meeting, over which L. R. Baird presided in the absence of Captain Tourtillott, president of the organization. Glen Ullin Will Have Scout Rally April 30 Glen Ullin will be host to the Chris- tianson district Boy Scout rally April 30, rather than May 7 as previously announced, Commissioner W. G. Ful- ton said here Wednesday. A score of contests arranged for th> day, in which the scouts will partici- pate, are listed as follows: Cooking, best disciplined troop, distance trav- eled, fire by friction, knot tying (one rope and individual methods), bugl- water boiling, signaling (Morse semaphore), scout pace, judging, first aid (individual and two- scout team), elimination drill, camp fire stunt, kittenball, nail driving, lighted candle relay, and tug-of-war. Entries should be mailed to M. B. Steig, scout commissioner at Glen berg not later than April 22, Fulton FORKS GETS THEATER Grand Forks, N. D., April 21.— (AP)—Remodeling work was start- ed bj avon, ap a new popular-priced theater, to be constructed in a busi- ness district building here. AUSTRIAN CARDINAL DIES er an apopletic stroke Wednesday. Members of the degree team are} .;struck southern California coastal PERCY ROCKEFELLER CALLED AS WITNESS IN SENATE HEARING Matthew Brush Also Subpoen- aed in Probe of Wall Street Short Selling Washington, April 21.—()—Percy Rockefeller has been subpoenaed to appear in the senate banking com- mittee’s investigation of short sell- ing. Calling of Rockefeller was announc- ed Thursday by William A. Gray, committee counsel. Rockefeller is a nephew of John D. Rockefeller, sen- jor. Matthew Brush of New York also was subpoenaed. He is president of the American International ycorpor- ation. y Both he and Rockefeller were 1 Washington Thursday, but Gray sal they would probably not be called be- fore Friday. Richard Whitney, president of the New York stock exchange, was ex- amined again Thursday. The committee temporarily with- held the names of the big short sell- ers it has culled from the 24,000 short accounts furnished by the exchange. The room was filled as it had been on Whitney's three previous appear- ances. A dozen or more subpoenaed brokers were on hand. Gray asked Whitney why he felt the exchange would have to be closed if short-selling were banned. “Because short selling is an integral Part of the market,” said Whitney. “You mean there has to be artifi- cial speculation to keep the market live?” “No sir, it is not artificial.” “Isn't selling stocks short a pure Speculative gambling proposition?” “It is not gambling. It is specula- tive,” insisted Whitney. He differentiated between gambl- ing and speculation, contending judg- ment was required in speculation. Committee agents had separated from the list of 24,000 short sales submitted by Whitney, 350 of the larger short accounts, involving 2,500 shares or more. From this list of big traders, they selected the names of the brokers who were subpoenaed Wednesday. WEST COAST IS HIT BY STORMY WEATHER Blizzards, Snow, Cold Rains and High Winds Afflict California Los Angeles, April 21.— (AP) — Blizzards, snow, cold rains and high winds badly interrupted shipping and air schedules in sections of the west Thursday. The brunt of the storm apparently areas. Several fishing boats were destroyed when driven ashore by a wind that reached a velocity of 50 miles an hour. No lives were lost though five men were aboard one vessel adrift and fear was expressed for their safety. Snow fell in Mon- tana and Utah. Thre- Premiers in Geneva Conference Geneva, April 21—(#)—Prime Min- ister Ramsay MacDonald of Great Britain and Premier Andre Tardieu of France met with Secretary of State Henry L. Stimson Thursday in a pri- vate conference at Secretary Stim- son’s villa shortly after the arrival of the two premiers from Paris on a morning train. None of the first magnitude states- men were present when the disarma- ment conference resumed its debate on the resolution for “qualitative” disarmament presented Wednesday by Sir John Simon, British foreign secretary. Sir George Perley, Canadian dele- sive weapons would increase confi dence throughout the world, | ‘Dead Man’ Expects | To Enjoy Vacation Charleroi, Pa., April 21—(7}— Although he’s down on the books as a dead man, Joe Leciair, 68, expects to enjoy himself in Bel- gium. Joe wanted to go back to his native land but hadn't the wherewithal. So his lodge pro- nounced him dead and gave him & $200 death benefit, GOPHERS FAVOR BONUS East Grand Forks, Minn., April 2! — (AP) —By almost a unanimous decision, membera of the East Grand | night Forks American Legion post la: . Vienna, April 21.— (VP) — Cardinal | night voted in favor of the proposed Friederich Gustav Pifei, 67, arch-|bonus for world war veterans. Thejed with bishop of Vienna, died Thursday aft-|vote was 57 f ‘or. and 7 against the jdefense Dramatic Moment Comes as Mrs. Massie Ends Testi- mony For Defense TEARS PAPER INTO BITS Admits Psychopathic Examina- tion But Says She Still Loves Husband Honolulu, April 21.—(?)—Having been turned momentarily into a spec- tacle of wrath by the witness stand outburst of Mrs. Thalia Massie, the trial of four persons accused of lynch- ing Joseph Kahahawai reached the beginning of its epilogue Thursday. The white spark of fury which flashed first from the witness and then in turn from judge and prosecu- tor Wednesday not only signalized the end of Mrs, Massie’s tear - drenched story but also marked the finish of defense testimony designed to clear her husband and three other persons of @ second-degree murder charge. A paper, supposedly containing a written admission by Mrs. Massie of a rift between herself and her hus- band provided the fuel for the mental conflagration. Under cross - examination, Mrs. Massie had admitted having taken a Psychopathic examination at the Uni- versity of Hawaii last summer, a few months before she was attacked by five men, of whom Kahahawai alleg- edly was one. Public Prosecutor John C. Kelley handed Mrs. Massie a paper, presum- ably containing her answer in the ex- amination. The prosecutor asked if it was in her handwriting. Was Confidential Paper “This is a confidential paper be- tween a physician and his patient. Where did you get it?” Mrs. Massie demanded, stiffening in her seat and turning her blazing eyes on Kelley. “I am asking questions, not an- swering them,” said Kelley. “TI refuse to say whether I wrote it!” Mrs. Massie stormed and tore the Paper to bits. A wave of applause came from the audience. His voice shaking with anger, Judge. Charles 8. Davis lectured the spectators for the demonstration. As Mrs. Massie left the stand the prose- cutor arose and said: “Thank you, Mrs. Massie. At least you've shown yourself in your true colors.” Kelley's demeanor reflected his wrath. Before Mrs. Massie left the chair he asked: “Are you sure that man is a doc- tor?” “Yes. Positive.” The exasperated young woman left the stand and sat by her husband and her mother, Mrs. Granville For- tescue, another of the accused. With Massie’s arms around her she sobbed: “They are trying to say I don’t love you. Everybody knows I love you!” Darrow Is Gentle Under the gentle questioning of Clarence Darrow, chief of defense counsel, Mrs. Massie had testified to many details of the attack and subse- quent events bearing on the asserted insanity of Massie at the time he faced Kahahawai with drawn pistol and supposedly heard the native ad- mit taking part in the attack. Mrs. Massie had acknowledged hearing rumors about herself and her husband after a: jury had as to the guilt of the five men she had accused. She said she had heard reports a naval officer was her at- tacker; that Massie was getting a di- vorce, and that it was Massie instead of Kahahawai who had broken her jaw. Many times she broke into tears, first at the mention of her husband’s name. She told how he had come to hear her story of the attack; how she had gone to the hospital. had an operation to prevent motherhood, and how she had identified four of the ac- cused men. Describing the seizure and attack she said: “I was walking down the road that night when a car drove up and stop- ped beside me. It was an open tour- ing car. Chang (one of the attack case defendants) and Kahahawai hit me on the jaw and Chang said ‘Come on, baby, you're going for a ride.’ Dragged Into Bushes “I tried to get them to let me go gate, supported the Simon resolution|@nd they dragged me into the car. warmly, declaring abolition of offen-|Then they drove off up the road and -|dragged me into the bushes.” which| A spasm of tears drowned out the would be the best guarantee of peace, |story there and Mrs. Fortescue asked Darrow to stop the questioning for ja moment. Tears glistened in the eyes of many women spectators and the racially mixed jury listened soberly. Albert O. Jones and E. J. Lord, the other defendants, sat quiet- ly. “They carried me into the bushes,” oe gainst Bonus @ HEAD OF FINANCE CORPORATION SAYS U.S. WOULD SUFFER Asserts it Would Shatter Fi- nance and Credit Systems of Country SEES IMPROVED BUSINESS Says 68 Per Cent of Loans to Banks in Cities of Less Than 100,000 Washington, April 21—()—Charles G. Dawes Thursday warned the house ways and means committee that payment of the soldiers’ bonus in new currency would have a disastrous effect upon the country’s monetary and credit systems, The head of the reconstruction cor- Poration related that his organization had loaned $243,248,000 to 1,520 banks up to April 19 and said the genera? withdrawal of bank deposits in the United States had stopped. He said 23 per cent of the loans was to banks in towns of less than 10,000 and 6 Acne: Per cent in towns of less than “The importa: struction nants! orca is the number of depoitor ” ee Poitors affected,” he He discussed the Missouri Pacific railroad loan of $17,000,000 of which $5,850,000 went to New York including J. P. Morgan & Company. Will Be Paid Ba:k é ‘When he concluded reading @ pre- pared statement on the status of the corporation, Representative Rai- rey ee -» Ill), asked whether the rporation “would come ot loss or profit.” paige: = “That depends on whether United States is coming out andiat bathe ce United States ts out,” Dawes shot back. “In the Tun this corporation will not nee losses and the principal will be Paid back and probably more.” Rainey then asked about the Pat- man bill. Dawes reached into his Pocket, pulled out another mimeo- graphed statement and read Tapidly- “Punds for this would be provided by the issuance of legal tender, non- interest bearing, unsecured treasury notes amounting to over $2,000,000- 000. No provision is made for the re- demption of notes or the maintenance of gold reserve. It would be in effect an issue of flat currency. “Such an issue of currency, in my Judgment, would have a disastrous ef- fect upon the country's currency sys- tem, upon the credit of the federal government and upon the entiro credit structure of our country. “The claim is made that the issue of this currency would so augment our money supply as to relieve the exist- ing pressure upon debtors, expand credit, and add to the purchasing Power of the people. In my judgment, the important and real effect would be the contrary. , Sound Money Important “The relief of the debtor class, the increase of purchasing power of the People, the safe expansion of credit and the return of prosperity all de- Pend upon maintenance of confidence in the soundness of our currency and in the credit of our banks and of our government. “In my judgment, the devastating effects of a consequent loss of general confidence through the inflation of eifpepeicel ai Teenie the possi- y of real relief by any experiment with fiat money. “One need but recall what happen- ed to Germany through the inflation of the German mark currency in the few years ending in 1924. “Inflation of a currency once started in a country seldom stops short of its complete economic ruin. “Confidence in the credit structure of our country and in the banks of the United States has now returned. In general, bank deposits have ceased to fall and bank failures have been reduced to the minimum. “It has been confidence and not currency which we have lacked in this country. The inflation of our currency will destroy, in my judg- ment, the general confidence in the consequences are of the destruction of confidence.” Calling Wall Street a “peanut stand” everything depended upon the atti- tude of the people and that the peo- ple are “feeling better.” Township Expenses Cut in Grand Forks Grand Forks, N. D., April 21.—(7}— Mrs. Massie finally went on, “and assaulted me. I offered them money and tried to pray, but they wouldn't even let me pray.” “What were the others doing while this was going on?” Darrow asked. “They were standing around, talk- defense’s 1, | buttal “we st |side of “T'm mary to and for general funds 20. Twenty