The Daily Alaska empire Newspaper, May 23, 1933, Page 1

» 4 THE DAILY ALASKA EMPIRE () “ALL THE NEWS ALL THE TIME” JUNEAU, ALASKA, TUESDAY, MAY 251933 VOL. XLIL, NO. 6347. 'MEMBER OF ASSOCl AT[ D PRLSS PRICE TEN CENTS SERIOUS CLASH AVERTED AT CONFERENCE AT GENEVA COMPROMISE IS EFFECTED BY DAVIS IN ARMS ISSUE American Ambassador Ob- tains Agreement for Dis- cussion of Armed Forces, Materials GENEVA, May 23.—Spec-| ial American Ambassador | Norman H. Davis has suc-| ceeded in averting a seriousi clash by effecting a com-| promise at a secret parley of the big five of the disarma- | , | ment conference. | | | Davis obtained a comprom- ise agreement to discuss arm- ed war materials and security war simu]-‘ taneously France was adamant that security dis-‘ cussion should not be side- tracked. i France is not disposed to agree forces, against when F ormal War in Gran Chaco Puts New Face on Old Fight The map indi- to cut her army or destroy war material until assured security will be real and not political. | A commission will” discuss’ secur-] ity while the conference itself Fighting between Bolivia and Paraguay over ownership of the tackles the question of disarma-| Gran Chaco may spread beyond the confines of that wilderness as ment under the compromise se- a result of Paraguay's declaration of formal war. cured by Da | cates the relative positons of the belligerent nations. WORLD AFFAIRS TRIAL OF TOM ARE IMPROVING. MOONEY IS T0 SAYS MUSSOLINI START TODAY Believes ‘Europe Has Es-srpreme Court Knocks caped Crisis—Roosevelt | Out Writ of Mandate and Hitler Praised Sought by O'Gara ROME, May 23.—Premier Mus- SAN FRANCISCO, Cal., May 23. solini believes Europe has escaped —The State Supreme Court has a dangerous crisis as 'Jt\e result 'l’é denied the petition of John O'Gara, the great improvement in wor 1 amurgs in \vhn‘(’:h President Roose- altvorney-at-!aw and, & professor, & velt has played an important part Writ of mandate to compel Super- he told the members of the Fascist ior Court James Louis Ward to Grand Council last night. | dismiss the remaining indictment The Premier sald the interna- ggqingt Tom Mooney, convicted 16 tional situation is greatly improved' d ¥ owing to recent events and he Years ago for participation in the named Roosevelt’s peace plea and Preparedness Day parade bombing. Chanecclior Hitler's response as the! The court held O'Gara was a highlights. ?pnva!e citizen and was not quali- Details of the Premier's speech fied to commence action without, are not revealed but a communique said he discussed his four power|the consent of the Attorney Gen- European peace pact and expressed‘eral. hope a speedy agreement would be| The ruling means that Mooney reached on the MacDonald dis-iwill go to trial, starting today, in armament plan. He also predlcted an effort to win acquittal on the the world economic conference wnll\ald indictment, thus gain a pardon end in useful results. and subsequent release from San B BEn 4 o L Quentin Prison where he is now 16-YEAR-OLD |7 = BOY TOSPEND *° Diein. LIFE IN CELL In Kansas Z3,—Ad<' COLFAX, Wash, May mitted to be the killer of h\.,{Midwestern Wheat Coun- father, Ernest Kirkland, 16-year- o old farm boy, heard a jury tell try Damaged—Dust him he must spend the rest of his life in a penitentiary. Although the boy pleaded guilty, a jury under the Washington law, must determine the penalty. Young Kirkland will be formauy‘ sentenced on Friday. | The lad shot his father on May 10 because of strictness. Profits from Hens CLEMSON COLLEGE, S. C., May 23—A net monthly income of 11 cents per hen was shown in rec- ords kept on 104 demonstration poultry flocks in South Carolina. The hens averaged a gross return | of 22 cents each monthly. J Fills Sky GARDEN CITY, Kansas, May 23 {—Tornadoes whirled through dust- darkened skies and left at least 15 dead and heavy damgae to prop- erty in widely separated parts of the midwestern wheat country. Plans New Port SKUTARI, May 23—King Zog's government is planning to convert the bay of Shen Gjin into a mod- ern harbor. This will give Alban« ia a northern port comparable to Durazm which only last year was brought to the point where steam- ers could tie up to a wharf, (By The Associated Press) Formal war the first since the league of nations began to func- tion, has sprung into existence in | |South America. By issuing a regular declaration | against Bolivia, the little inland republic of Paraguay has put a new | aspéct upon the fierce fighting | |which within the past year has |cost thousands of lives in the wil-! derness of the Gran Chaco. Unless the League of Nations, the neutral Argentine reapproachment and the | other peace agencies can halt hos-! commission of five | {powers at Washington, the Chilean- | PUBLIC WORKS MEASURE GOES * T0 HOUSE NOW {Committee Comple\es Plan for Taxation to | Float Bonds ALL EXCISE TAXES REMAIN IN EFFECT, (Copsright, o3 By The | | 5 . ! NEW YORK, May 23.—There are Continuation of Other Lev- no great, soft, uxurious chairs in ies Soon to Expire ,the banking house of J. P. Mor- ‘gan, nor any inch-thick rugs. Some Ordered {of the furniture actually is tattered. WASHINGTON, May 23. In the office of Junius Morgan, — The the eldest son, you can, see the | House Ways and Means Commit- stuffing in the long leather daven- | tee last night reported the Admin- port. istration’s public works and indus-, Al of Morgan’s is plain. There trial control bill to the House and are plenty of straight chairs. The at the same time ordered retained floor is stone, the wall simply dec- \for another year all excise taxes orated. There is no' ostentation. levied in the billion dollar tax bill Morgan’s, in a word, is Morgan’s: enacted a year ago and cmmnua-:no special dress is needed. tion of the tax levies due to expire| In harmony with the charac- June 30, 1934, to be enforced ter of their offices, Morgan and twelve additional months, amount-| his partners seek to be incon- ing to approximately half a bmlon| spicuous. Whatever their pow- | doliars er is and whatever may be dis- | This action is taken, the com-| eclosed by the coming congres- eional investigation, the exter- | mittee members said, to maintain |the stability of the Government’s' nals of the firm show very lit- {credit and assure the sale of the three billion, three hundred mll-\ Thl‘ House of Morgan is at 23 \lion dollar public works' bonds. Wall Street. (Incidentally, the Considerable of the levies may same nhumber of the address of the MORGAN No —-The Bank or 1.—An American Citadel of (EDITOR’S NOTE: Who and what is Morgan’s? To most people it is the mame of the biggest private bank in the na- tion, suggesting the epitome of financial power. This is the first of three articles answer- | ing these and other questions.) | | By J. R. BRACKETT be suspended by the President, firm in London.) It is a three-story |however, if the Eighteenth Amend- building, built of huge blocks of ment is repealed. | Tennessee marble, seemingly as |thick as they are wide. I Partners in Plain View ‘The main story is a huge vaulted room. Its windows are perhaps 30 feet high, reinforeed with a net- work of metal. The dome-like ceil- ing is molded in geometric designs. To the right as you enter this | large room, and behind a plain | wHITE H 0 u s E glass grill, are rows of desks where the partners sit, easily visible to H callers. Banking names to conjure {with are there—Thomas Lamont, .Baplis( C]aims Executive member of the firm for 23 years, . D who generally makes the few pub- | Mansion Is “Billboard |1 appearances held necessary for , for Beer” ATTACK MADE ' ON ROOSEVELT, Here’s the house of Morgan w the same building on the left, uled to appear before a Cong treasury and leading economist. private banking. 1 the Corner Finance ith its master, J. P. Morgan. From hemmed in by the towering struc- tures of New York’s financial district, are directed the vast Morgan financial operations, Morgan is among other private bankers sched- ressional committee investigating |the ‘firm, and Russell Leffingwell, WASHINGTON, May 23.— With| |former assistant secretary of the tilities, fighting may spread be-|the assertion that the White House! ‘To the rear of the room are the yond the “green hell” in which it |'hitherto has been localized. of Paraguay, | Asuncion, capital has been reported as contemplat- ing the possibility of Bolivian air raids, although authorities they say there is little more likelihood of such tactics now than formerly. Possession of the Gran Chaco has kept the two inland republics at sword’s points for half a cen- tury. Large scale fighting broke out about a year ago. For a time, Paraguay pushed Bolivia back, at one time almost penning her against the western limits of the; wilderness. Then General Hans Kundt, for- mer German military leader, and erstwhile commander of Bolivia's anmy, returned to the country. Un- der his strategy the Paraguayans were ousted from much of their conquered territory. Just at present the rainy season has halted most of the fighting. It is reported, however, that Bolivia is mustering a force of 40,000 for a fresh dn‘ve toward Asuncion. PEACE MOVES ARE REPORTED CHINA REGIO “turned into a blllboard’b‘mkmg windows. No one enters {here except for business, and most for hger. o DRc-AL L Baman, of ;0 Morgan’s business is done not at Wilmington, North Carolina, call- 5 ed upon the Southern Baptist Con-‘,:;::km]e':’mdows S0P Ao degee vention last night to adopt a reso-l 5 pn lution of regret on the Prohibition| Private Giiices Upstairs position of President Roosevelt. In the second story are the g‘:‘: The resolution said in part: “We vate offices of the partners. 'has been CONSTRUCTION WORK STOPPED, MUSCLE SHOALS deeply regret and earnestly deplore| (Continued on Page Seven) [the fact the President has used! — his influence and power of office| . to repeal the Eighteenth Amend-|\/organ Firm Orders Issued from White yment to the Constitution, andl igures in House—Contraclors | pending efforts of repeal, especially allowed the White House to be used to advertise the beer busi- {ness to much discredit to the Ad-|® ministration and much pain and ® sorrow to a large element, we be-|® Vestigation into American lieve, of the majority of the Am-|® banking, directing attention erican citizens.” | this time toward the private l- banks, such as J. P. Morgan Present Inquiry Today a congressional committee will renew its in- Ready to Pour WASHINGTON, May 23. order from the White House, work has been halted on construction of the dam at Muscle Shoals for which the Hoover Administration contracted for in its closing days. } | and Co. Action was taken on the grounds Definite Crop Rotations \‘ The committee will seek ®|the dam is many feet lower than G d to learn, among other things specifications providing for the e Bfittel' Acre Yiel S‘- how big are these private maximum benefit of water. |e banks in terms of dollars The contractors were nearly RALEIGH, N. C. May 23.—Def- o and cents; how they sell ready to pour concrete. inite rotation of crops is building ¢ bonds; what is their influ- As a result of the order ence. ‘The parade of prospective witnesses includes J. P. Mor- gan, himself, and probably 10 of his partners. Others to testify include representa- tives of,Kuhn, Loeb and Co., Brown Brothers-Harriman, and many more. u.oo.c..o.-o up North Carolina soils and giving/e | more economical acre yields, says e (Enos C. Blair, extension agronomist ® lat State College. |® - One result is shown in permanent e | soil improvement and another inje ‘the amount of grain planted and,® harvested. More wheat was sown ® | this season for flour than at : , time since 1919, Blair says. struction work on Muscle Shoals will be delayed until the Tennessee | Valley development project gets under way. The construction now one of the subjects to be tigated by the Department of Jus- tice. halted is By| inves-| TOLL PROPOSED ON TRUNK ROAD Secretary of Interior Is to ‘ Announce Tolls Over Richardson Highway Tolls on traffic over highways in Alaska under jurisdiction of the ‘llnwnor Department will shortly be |imposed by regulations under pre- paration by the Secretary of that [Department, according to a tele- gram received from Delegate An- thony J. Dimond by the Alaska | | Territorial Chamber of Commerce, it was announced today by Secre- tary M. S. Whittier, He suggests the Territorial organization urge, con-|the Department to abandon Lhe pwposa] The Delegate’s wire said tolls would be imposed on all ‘“classes lof traftic.” However, telegrams re-/ ived at the office of Gov 'rxo) week 1 to the conclusion (th tonly vehicles used for hire—m | trucks, busses and other motor v h used commercially—would be ffected, and that it is the plan | INTO INTERIOR be sought. Peiping Not to Be Occu- pied as Result of Agreement Wedding Chlmo - Boom in PEIPI;IG, May 23.—A Lemporary| peace agreement between the, PERTH, May 23.—After a coupl China and Japanese armies has g b > 2 bR been reached according to authori- £ S0 pRich Rkcnisges iat lowest ebb, there is a matrimon- tative sources. It is said Chinese troops will ial boom in Western Australia withdraw from the city and re-' Jewellers report splendid busi main south of the Yenking, Chans- ness in diamond engagement and ping and Shunyipaoti-Lutai line. ‘weddl'xg rings. Since the Chinese are to quit the, Increase in weddings is believed city it will not be occupied by the due to several factors, one being Japanese and permanent peace will the revival of gold mining in Kal- goorlie and Boulder City which ha Mark Gold ‘West Australia caused wide economic improvement ! Many single men get married to| ave taxation. Also it pays unemployed couples get married because the dole| for married couples is higher than| for single persons. And if there are children the dole is increased | very liberally. One Australian State, New South | wales, provides a dollar per child| per week in addition to the dole.’ to to exempt all p‘ asure ON VETERANS i‘mm follows ASHINGTON, May 23. — Allithority to im honorably discharged war veterans highways in contemp vice willlsubstantial to! connected | yehicles usin es unless clearly unwarranted. I have not yet 1« 'his means that an honorably dis-/the proposed tolls, same is being harged vet with requisite “J"‘pr(pmcd in office of the Secretary. time service, who is suifering from When .received 1 shall wire you a| disability of a 10 per cent degree, m lod statement incurred in such service and 'mL “I am convinced whole plan for as the result of misconduct, may imposition of t is most unwise, be assured a pension. l (Continued on Page Two) ars. s passed last year tary of Interior au- DS€ '«“AV on Federal | t Secretary imposition of n all classes of dson Highway. ceived a copy of who received disabilities resulting|now directly from war-time se be continued as serv c: BANKER GIVES 'TESTIMONY AT HEARING TODAY ~ INWASHINGTON ‘Head of Morgan Company Appears on Witness Stand — Secrets of Firm to Be Probed WASHINGTON, May 23.— Two great American bankers are to face trial, one here and (the other in New York City. | J. P. Morgan, himself, has been called today to testify on the role played by his’ banking house in American life. Charles Mitchell is expect- ed to take the stand soon in New York to deny the Gov- {ernment’s charge that he ‘ dodged income taxes totaling ‘almost one million dollars. i The secrets of Morgan’s ! private company, long guard- {ed behind a massive front, ,are promised the public by ithe Senate’s investigators who opened the hearing to- day. | | | | The beginning today was the climax of months of in- tensive study by the inves- tigators who have been fer- retiring in Morgan’s files. Morgan's appearance is intended to be the pinnacle for a long stock market investigation by the bank- ing committee. Great Interest Not for a generation has a Sen- ate inquiry exceeded interest at- tracted or has it been the subject of more elaborate preparation. Mitchell’s trfal hinges around his sale of 18,000 shares of National City Bank stock to his wife whicn |15 contended by the Government to have been a fake sale intended |merely to record a huge loss and 'scape taxation. On Witness Stand Morgan, on the witness stand, }told the invesiigators that private banking was a “national asset and not a danger. We have never been satisfied keeping within the law but constantly sought to act that we might fully observe the pro- fessional code so as to maintain the credit and reputation which has been handed down to us from our predecessors in the firm.” Discusses Income Tax Morgan told the investigating committee he paid no income tax in 1931 and none in 1932. This statement came afer the committee decided to ask the Mor- gan Company to furnish a partner- ship agreement showing the di- .vnsmn of responsibility and profits. Morgan also disclosed a hitherto unknown figure when he said the !firm has total deposits of one quarter of one bmlon dollars WORK STARTS AT - LUMBER MILL ON FIRST OF JUNE Full time operations at the Ju- {neau Lumber Mill for this season vnll begin on June 1, it was an- |nounced this morning by Roy Rutherford, general manager of the company. . Box shooks and piling for various canneries will be the first products to be turned out by the mill and it will work continually throughout the season on lumber for canner- ies and general use. e, { In spite of the national bank holiday, the 1933 Indiana state high school basketball tournaments drew a “gate” of $110,988.