The Daily Alaska empire Newspaper, April 23, 1932, Page 1

THE DAILY ALASK “ALL TH‘E NEWS ALL THE TIME” \’OL "xxx1x NO. 601 i MHVIBER OF ASSOCIATED PRESS PR]CE TEN CENTS PRESIDENT TO REORGANHZE BUREAUS LIMITED POWER GRANTEDHOOVER BY COMMITTEE May Transfer or Consoli- date Activities of Government ACTION 1S SUBJECT TO CONGRESS VETO Struggle Looms Next Week Over Federal Payroll Reduction WASHINGTON, April 23 —Capi- tulating to the demands of the £iministration, the Democratic House Economy Committee yester- cday unahimously voted fto give nt Hoover limited power t corganize tthe bureaus and depart- nents of the Government. dent is authorized only tranafer or consolidate activi- s of the various bureaus or de- artm s in the interest of econ- not to abolish any func- ’Ihe action of the President is sub; 10 a veto of Congress. The major struggle looms next Wednesday over Federal payroll re- ducticns. The House Committee favors a flat 11 percent. cut. Pres- ident Hoover urges staggering em- nt, on furlough or a five President has. signed the r Department supply bill amounting to $45,000,000, including the 10 percent slash from budget estimates. SEATTLE MAN NOW FACING NEW CHARGES W. D. Comer Arranging Bail—Charged with Al- leged Grand Larceny The SEATTLE, Apry: 23—W. D. Co- mer, former President of the de- ¢ Puget Sound Savings and ) Association, and F. F. Powell, Vice-Presidentt of the W. hem with grand larceny on 20 unts in alleged fraudulent trans- was recently given a on of issuing false statements »¢ the Puget Sound Savings and Tcan Association and this brought tests from oommunit/y clubs. an investigation into al-| flegedly more serious charges agmnst Comer in ‘the condudt of his own cmpany. Judge Hall criticised the cutor for mot bringing them GHARITY RITY FLOUR IN BIG DEMAND Over Half of 40,000,000 Bushels Is Already Alloted CHICAGO, T, April 23—De- mands for charity flour have been made from every State in the Union and Alaska and has taken more than half of the 40,000,000 bushels of Farm Board wheat Congress gave to the American Red Cross. One Salesman in Three Held to Be Effective ST. LOUIS, \Aprfl 23—Only one salesman out of every three Is effective, L. J. Busseman purchas- ing executive, reported following @ survey of numerous purchasing agents with here. Another 32 per cent of salesmen are mediocre, the answers to ques- tions indicated, and the remain- ing one-third “ineffective and in- capable.” How Stock Market and Busmess Have Declmed T LR T & (e = ILY RANGE FOR Averages of 60 Industrials, 20 Railroads and 20 Utilities 100) 100 COMMON STOCKS W0 T 24 T a2 OCTOBER NOVEMBER 1931 burn, actor, cates the decline in business activity. v % 2 A2 saionnd T e DCCEMBIR | hd 1932 5 20,20 FEBRUARY.” 2 iy 2 \MARCI The broken line in the chart above shows how prices of stocks have declined; the heavy line indi- Thus both share prices and business activity have gone down. The Congressional Committee investigating the stock market wants to know if share prices have not been forced down by short selling farther than is warranted by the business activity decline. GRETA NISSEN WITH HER HUSBAND Associated Press Photo Greta Nissen, film actress who has become the wife of Weldon Hey- shown with him just before their departure from Hollys wood via airplane to Tia Juana, Mexico, where they wers married. LOST MINE ON SCURVY CREEK MAY BE FOUND Report Reaches Atlin and Stampede to District Results ATLIN, B. C, April 23.—It is re- ported that the discovery of gold | on Scurvy Creek has resulted in a| rush there in belief that the “lost mine” has been found. The discovery is reported to have been made by an Indian moose hunter named Smith, who noticed | yellow metal glistening while dress- ing a moose he had killed. Smith and sevesal other Indian | companions staked claims, Other prospectors tushed to the creek as soon as news of the discovery be— came known. There are many here who believe the strike is the same as reported found by John Hamilton and five Victoria companions in 1874. Scurvy | killed all but Hamilton and he was, never able to find the location again. It was in this area that Capt. E. J. A. Burke, flier, lost his life in the fall of 1930. ————— MRS. MORGAN LEAVES FOR SOUTH AFTER VISIT Mrs. Harry E. Morgan, daughter of John W. Troy and sister of Mrs. Robert Bender, who had been visiting with Mr. Troy and Mr. and Mrs. Bender since the arrival bf the first Alaska Southern Afr- ways plane, April 5, left for Be- attle on the Princess Norah early this morning. She expects to re- turn to Juneau the latter part of May with her husband, Lieut. Mor- gan, and their daughter, little Joan, to spend several weeks. il aniin. IVAN DIBOFF INJURED Tvan Dibofl, of Juneau, entered St. Ann hispital today for treat- MAH CHAN-SHAN HELD PRISONER BY OWN CROWD {Censorship of Movements of Chinese General Is Lifted TOKYO, Japan, April 23.—Cen- sorship on the news of the move- ments of Gen. Mah Chan-Shan has been lifted. Dispatches from Manchuria said the General has been held a pris- oner by his own Lieutenants in Nosthern Manchuria. Chinese reports recently quoted Gen. Mah Chan-Chan as saying he had joined the new Manchur- ian State only as a spy for the Chinese government. Manchurian reports received at Nonking said the General's sub- ordinates were enraged because he failed to divide one million Mex- ‘ican dollars received in popular ’sn'bscrlptimns in China proper last fall when defending Manchuria against the Japanese army. ———————— ALASKA PEAK CLIMBER DIES GENOA, Italy, April 23.—Ad- miral Umberto Cagni, is dead here. In 1900 he came closer to anyone, up to that time, of the North Pole, to the 86th parallel with Duke Abruzzi. Three years before they climbed Mount St. Elias, in Alaska. R e e o o NAVY BLUE TOPCOAT WORN BY PRINCESS PARIS—The Princess Ruspoli appeared ab a recent smart tea wearing a navy blue broadcloth ‘topeoat made of the same ma- terial as thatused in England for the Guards’ uniforms. The coai was designed with a belted waistline and a stitched tai- lmm—m mjmmmknxuamw.mmmmw a frame for the face. A STOCK MARKET SHORT SESSION TODAY IS DULL Closing Tone Is Firm, How- ever — Reactionary Tendencies Prevail NEW YORK, April 23. Stock Market finished. .the in which reactionary tendemcies predominated. Today's short session was one of the dullest of the year but the market closed with a firm tone Bome issues closed a point or so higher but fractional gains predominated. There was some continuance of yesterday's selling movement hat this soon dried up. TUnited States Steel dipped to a new low but recovered to close a fraction higher. Alaska Juneau lost about a point but whether this was due to the questioning of Percy Rockefeller in Washington yesterday at the Senate Banking Committee hear- ing about the pool on that issue had anything to do with the sell- ing was problematical. CLOSING PRICES TODAY NEW YORK, April 23.—Closing quotation of Alaska Juneau mine stock today 11%, American Can 43%, ‘Anaconda 5, Bethlehem Steel 45, Curtiss-Wright, no sale; Fox Films 2%, General Motors 11%, International Harvester 19%, Ken- necott 7%, Packard Motors 2%, United States Steel 29%, Bunker Hill, no sale. Dm0 cemma 2-DAY STORM COMES TO END ALBERTA PROV. Estimated Property Dam- age by Wind and Snow Over Million CALGARY, Alberba,, April 23— The two days’ wind and snow storm, which has struck all sec- tions of the Province, has abated. Thomas Bradley, a farmer, suf- fering an internal allment, died on a cot in an airplane ambulance in the Priddis district, the plane be- ing unable to take off on account of the storm and soggy field. The property damage over the Province is estimated to be in ex- cess of $1,000,000. HARMON TROPHY GIVEN PANGBORN NEW YORK, April 23—Clyde A. Panghorn has 'been awarded the Harmon Trophy for the greaf- est achlevement in aviation n 1931, for the Pacific flight from Japan to Wenatchee, Wash. Previous winners of the Har- mon Trophy include Col. Charles Lindbergh, Carl Ben Eielson and Jimmy Doolittle, 9laska boy. .| COMMITTEE SEEKING ‘|Bear and El:fi_()perations SHORT SELLING INVESTIGATION IS BEING MADE Has Practice on Stock Ex- change Caused De- pressed Stocks? ANSWER TO PROBLEM Are Being Studied by Senators (By J. R. BRACKETT) NEW YORK, April 23. — The| Wall Street bear finds himself performing in the spot lght again a5 a Congressional committee in- quires if he is responsible for new low strock prices. Has short selling by bears ab- normally depressed the market or nas the selling of stock merely re- flected declin- ng business con- ditions? Richard Whit- ney, president of the New York Stock Exchange, answering these juestions before the Senate Bank- ing Committee, denied there had bean - bear . raids recently, and said RICHARD WHITNEY he doubted the possibility of them. ‘Whitney, on several occasions, has held the stock market declines | have been the result of business conditions; that the amount of short selling has been of minor impontance in causing price drops. | Inquiry Called Suddenly The inquiry was called sudden- ly by Senator Frederic C. Walcott on the basis of reports to him that a ‘“billion dollar raid” had been planned. Prices went up on the market on mnews of the inquiry. The Senate ctommittee asked detailed (nformation as to short operations, including fthe names of fthe short sellers and the stocks dealt FREDERIC WALCOTT in. Despite the great amount of con- sideration given shont selling the subject is still a matter of bitter argument. The simple facts that when a market goes up it is a bull mar- ket, and that when it goes down it is a bear market, are generally understood. Also are the facts that e bull buys stocks at low levels, expecting to sell them when they go higher, and that a bear (Continued on' Page Eight) OPERATIONS IN ALASKA JUNEAU BEFORE SENATE Nephew of Joha John D. Rocke- feller Tells of Deal with “Ben” Smith Alllegations of jobbing in Alaska Juneau stock by a pool of Wall Street bears that linked the names of Percy Rockefeller with that of Bernard (Ben) Smith and Thomas Bragg, two so-called bear raid- ars, cropped out in hearings Fri- day before the Senate Committee m Banking and Currency now in- quiring into reported short selling on the New York Exchange. An Associated Press dispatch to The Bmpire today said William Gray, special counsel for the Sen- ate Committee, had linked Mr. Rockefeller, who is a nephew of John D., with the two famous New York bears. Testified To Pools Mr, Rockefeller testified to par- icipating in pools with Bragg and | Territory. |county and municipal elections. renage m Democrs Victory first horizon, ntaine loomed up on snndry Jebos, were all rumors about “political hokum.” been promised to anyone. mature fin the tion,” Mr. Connors declared. None Parceled Out Ie confident we shall proven Democrats. | competently. “The Divisional each Judicial Division will Division, and the Territorial Com- | mittee, co-operating with the Na-| | ional Committee, will select all| |other appointees to be recommend- | ed for Federal positions in That Victory l'tfll Cum “Party victory,”. {added, “is' our first’ concern. Af- ter that is achieved, |Plenty of time for. discussions on appolmmems‘ Bvery election since November, 1930 has demonstraed ever in- creasing Democratic strength sweeping the United States. The party's candidates have won wide- spread elections, ranging from special Congressional to State, It has captured control of the Na- tional House of Representatives for the first time in 14 years and reduced the opposition margin in the Senate to one membership. “It has regained control in such | | States as Connecticut, Massachu- sefts, New Jersey, Ohio and Ken- tucky, and large and small cities | scattered from the Atlantic to the Pacific Coast. “Every Democrat in Alaska owes Breaking a silence on party pat- by him since chances for a national |Thanks to the James J. Connors, Demod- |cratic National Committeeman for|® Alaska, toddy exploded various and i . “promised | ® by declaring bluntly uheyr “Not a single appointment has|® Buch | * promises would be extremely pne-" first place, and would violate the traditional poli- |cles of the Democratic organiza- “The Democratic party doesn't;® parcel out jobs behind closed doors, | ® we are successful in the ap- ® proaching national campaign, and. ® all responsible party leaders are ® be, Federal ® patronage in Alaska will be dis- tributed to bona fide Alaskans and Alaskans will | fill \Alaskan positions and fill them, Committee of | deter- mine the appol s in ¥k own‘;’:ét Tuesday and cast their bal- there will be Gav. Roosevelt. \Connors Explodes Rumors of ‘Job Promises’; ‘Hokum’, Is Party Leader s Retort Roosevelt Sends Alaska Democrats for Aid Gov. In a telegram received today by National Commit- teeman James J. Connors, James J. Farley, Chairman of the New York State Commiitee and leader of the Roosevelt for President movement in the Bast, ten- dered to Alaska Democrats the ‘“kindest regards” of Gov. Franklin D. Roosevelt. Mr. Farley asked Mr, Con- nors to express his own thanks to Alaskans for their interest in Gov. Roosevelt's behalf and for ftheir assi- tance to his cause. B Se0eesec0eesceseses e \.oooc---o-oo. t to the Party to go to the polls, and to make i his or her personal 'misslon to see that every person |Who desires a change does likewise for candidates seeking Party | nominations.” Roosevelt Delegates Backed Pointing out that the Demo- the cratic Convention held last Jan- is the accepted fuary at Fairbanks had endorsed stice o the Busty organization | Gov. {in Alasks, and, @s it has been the Presidential nomination, Mr. successful in the past, it will be Onnnors urged the veters to sup- L {conlinued. Franklin D. Roosevelt for {port the six. candidates for Dele- 1gates ol WHe" National” Convention Mr. Connors,who filed. ab the Convention's re- 'quest and ‘are pledged to vote for These candidates are: T. F.Deal, Fairbanks, A. Shonbeck and H. F. Morton, An- chorage; W. B. Kirk, John W. | Troy and J. G. Walmer, Juneau. | *“Gov. Roosevell's sweeping vic- tories in every preferential primary ® far held, in which his name has been entered, have exceeded even the expectations of his most ardent supporters, and the heavy vote given him in normally Re- publican States has created con- sternation in the ranks of the |opposition party. “Our party, through its dele- gates in regular convention as- sembled at Fairbanks last Jan- |uary, pledged Alaska's six votes |to him. I am confident that this | pledge will be ratified by the rank and file of the party at next week’s primary.” MANCHURIAN GOVERNMENT Four Former—J;panese Of- ficials to Hold Key Positions TOKYO, April 23. — The new Manchurian Government announc- ed today the appointment of four Japanese, who were formerly of- ficlals of the Japanese Govern- ment, to key positions in the Chang Chun regime, headed by Henry Pu-Yi. The Rengo Agency also report- ed the appointments saying this will enable the Japanese to dom- inate the Ministers of Finance, Foreign Affairs, Home Affairs and Bureau. Rumanian Embezzler HOTIN, Rumania, Cashier Zolonowsky of the City Police ran away with $2,700 of the department’s fund, a few years ago. It seemed like a lot of money to him, and the girl he took along sounded romantic. the money lasted. Stranded, he wrote home offer- ing to waive extradition proceed- ings. “It's horrible here,” he add- ed. It was, while “He picked his own punishment,” said the officials. “Let him serve 3mith, both of whom are listed as afving had extensive short hold- ings on ‘April 8, the day the Senale (Continued on Page Eight) his time.” - e A Shreveport, Lo. city ordin- ance forbids playing of radios af- ter midnight until 6 a. m. T0 BE AIDED the Fengtian Provincial Police Caught in Own Trap April 23— s0 they went to Morocco, which RADIO SERVIGE IS INTERRUPTED Interference—ls— Reported During Early Hours of Evening Someone in Juneau or nearby is raising the mischief with the Gov- ernment radio service in Juneau, especially during the early evening hours. ‘The local radio office operates on a 4370 kilocycle or 72 meter wave with Seattle. Someone has been coming on the air with a set operating on a 69 or 70 wave be- tween the hours of 8 and 10 o'clock pm. each night, and the local 1operabo1-s are unable to tune this disturbance out. Operator-in-Charge Harry Irvine asks the disturber to do an accommodation by getting on some other wave. GANGSTER SAID T0 BE READY T0 GET INFANT Message Is Declared to Have Been Written to High Official PRISONER IN CHICAGO REPUDIATES LETTER Erstwhile Underworld King Insists He Has Made No Offer HOPEWELL, N. J.,, April 23.—From his prison cell in Chicago, “Scarface” Al Ca- pone this week sent Col Charles A. Lindbergh a new offer to the effect he would return the flier's kidnaped son, The offer was disclosed by a high official of this State yesterday. The official was charged with presenting the offer to Col. Lindbergh. Whether the offer will be accepted is a matter of con- Jjecture. Federal officials will have to be consulted as well as A.|Cel. Lindbergh as the plans necessitates Capone’s tem- porary release in custody. Capone’s offer included an absolute guarantee to return the child within a few days without payment of a cent of ransom. Capone’s previous offer to aid in the baby's recovery was not accepted. DENIAL IS MADE CHICAGO, IlL, April 23.— From his cell in the Cook County Jail, Al Capone de- nied he has offered to effect the return of Baby Lindbergh if released temporarily as re- ported in a statement by a high official of the State of New Jersey. 13 PASSENGERS ABOARD YUKON FOR THIS PORT SEATTLE, April 23. — Steamer Yukon sailed for Southeast and Southwest Alaska ports at 9 o'clock this morning with 168 first class passengers and 31 steerage aboard. The following passengers on the Yukon are booked for Juneau: Troy V. Shrum, Dr. Ryan, I. E. Thomas, Mrs. E. J. White, Steve Uzaloc, R. McCormack and wife, Mrs. C. H. Metcaife, Mrs. W. Rob- inson, Jack Sey and wife, Walter George and one steerage. AUBURN, Ala., April 23.—Ala- bama's cotton improvement cam- paign added $2,000,000 to the value of last year's crop. extension staff at Alabama Poly- technic Institute, said, is conser- | vative. It is based on the fact that 37 per cent of the 1930 crop was untenderable (staple length shorter than % of an inch) and {that in 1931 this figure was Te- duced to 7.9 per cent. The improvement campaign is designated to eradicate inferior grades of cotton in the state. “In bales,” Lowery explained, That figure, J. C. Lowery, of the | Alabama Farmers Boost Their Cotton Crop Value $2,000,000 “this means 545750 bales of un- tenderable cotton in 1930 and only 112000 in 1931. The difference multiplied by the increased value created by improving the length and quality of the staple revealed that it exceeded $2,000,000.