The Daily Alaska empire Newspaper, May 27, 1933, Page 1

THE DAILY ALASKA EMPIRE “ALL THE NEWS ALL THE TIME” VOL. XLIL, NO. 6351. JUNEAU, ALASKA, SATURDAY, MAY 27, 1933 MEMBER OF ASSOCIATED PRESS PRICE TEN CENTS OUSE PASSES PUBLIC WORKS MEASURE LL LEGISLATION | PRESENTEDIN HOUSE TODAY Quick Move Taken to Fore- stall Attack on Roose- velt's Plan SENATOR GLASS MAKES OBJECTION Declares Court Should Find Measure to Be Un- | constitutional sible attempts to breakdown of the countr challenge the aband- onment of the gold standard will be forestalled by legislation form- ally cancelling the gold clause in worth of Govern- ate bonds and mort- billion of dol ment and priv gages. The new bill declares that re-! gardless of the demand of any con-| tract in the past or future for pay-' ment in gold, all coin or currency of the realm will be legally usable in payment. Bill supmiiveed { The bill has been submitted to; Congress by the Treasury Depart-| ment. 1 The House is expected to pass| the bill Monday and passage in the Senate is also certain. l Scnator Carter Glass, a staunch defender of the gold standard, protested immediately on an- nouncement the bill had been in-| troduced, saying that if there was, ang integrity left in the courts with regard to sanctity of con- tracts, the courts would hold the, bill unconstitutional. { Reesevelt's Explanation | President Rooseveit explained the bill formally ratifies by legal de-| claration the already existing fact.! With gold barred in the United! States, private debtors have been paying in currency and payment| has been accepted generally though attempts to force gold payment tol bondholders at home and abroad| had been expected. i ENGLISH VIEWPOINT LONDON, May 27.—Although of- ficial comment on America’s gold action is absent, the general atti-| tude seemed to be one of relief! that the June 15 war debt payment| to the United States will not be s0 heavy a burden as it would be if it had to be met in gold. Therel is little expectation of any relief so far as the mid-June payment goes. INTERESTS REICHBANK BERLIN, May 27. — Reports of America’s proposed statutory de- parture from the gold standard was received with the greatest interest at the Reichsbank where two ques- tions are uppermost in the minds of the directors—can Germany af- ford to continue on the gold stand- ard if America should greatly de- valuate her currency, and how will| giving up the gold standard affect' Germany's repayment of private, American debts. The directors of the Reichsbank| declared themselves unable at this| time to clearly diagnose the situa-| tion as affecting Germany. COMMITTEE ACTION WASHINGTON, May 27. — The| House Banking Committee this| afternoon approved the bill outlaw-| ing the gold clause of contracts| and make all contracts, privale and public, payable in legal !endcr‘r money. | | Ishii, Roosevelt ' Sign Joint ! Statement | WASHINGTON, May 27.—An ex pression for hope for peace in the Far East and throughout the world ! and return of prosperity is con- tained in a joint statement issued by President Roosevelt and Vis- Miss Marion Evans of Berrian Springs, Mich., was named queen of the annual Michigan blossom festival at St. Joseph and Benton Harbor. (Associated Press Photo) BUYING WAVE MAJOR BYERS HITS MARKET, | PASSES AWAY SHORT SESSION AT AGE OF & 'Last Surviving Member of Sherman'’s Statt Dies of Pneumonia Gains Range from One to Eight or More Points for Many Issues NEW YORK, May 27.—The Stock LOS ANGELES, Cal, May 27— Market swept upward today in one |Funeral services were held yester of the largest wa of buyi in)day for Major Samuel H. M. By its history, with gains ranging om one to eight or more points for scores of issues. Sales for the two hour session ap- proximate five million shares. The curb also swung upwai Second loans of all categories led the bond market rise. Inflation Talk of the United States through the Wall Street puzzed with infla- development of territories into tion talk and the new gold action |States, the Mexican war, the gold and gold issues were given a wild [Fush, the Civil war, the coming of flurry. the railroad and the rise of the ‘Commoedities were also up. |nation to world leadership was the The podsibility of the establish- |10t of Major Samuel Hawkins Mar- ment here of an open market for Shall Byers, soldier, diplomat and gold permitting its price advance author. above the legal wave of $20.67 andj He fought in the Civil War and outright buying, swept through|then, when the inseparability of virtually all categories of shares, 'the Union was assured, turned to Profit Taking | foreign lands to serve in the con- Profit taking occasionally swept [Sular corps. Out of his varying over the market but final prices of |€Xperience he evolved much poetry stocks, in the main, were not far |and Pprose. from the tops, | A Pennsylvanian by birth, an To- Homestake added another eight|wan by migration and a Californian points to the 17 of yesterday, then |by choice—Major Byers symbol- slid off a few points on profit tak- [ized the westward expansion of ing. ‘his country. He was born in Pul- Issues up four to six points in- |aski, Pa, July 23, 1838, and when cluded United States Steel prefer- he was 14 his parents joined the red and American Metals. tide of immigrants who sought for- Up lor3 | tunes in the middle west. The Up two or three points were Am- |Byers family settled at Oskaloosa, erican Can, American Smelting, Al- ‘Iowa. which remained his home lied Chemical, Case, United States |for many years, although his trav- Steel common, United Aircraft. | els prevented him from living there Among issues up one point were |any length of time. author of the song Sherman “March to the Sea.” He was the last surviving member of Sherman’s staff. He died last Wednesday as the result of pneumonia at the age of 94 years. {Anaconda, General Motors, Chrys- | Given Signal Honors ler and Ward. | He had taken up the study of e |law, but when the Civil war broke CLOSING PRICES TODAY | out, joined the Pifth Towa Infantry NEW YORK, May 27.—Closing as a private, serving four years in quotation of Alaska Juneau mine the army. He was wounded at stock today is 19%, American Can|Champion Hills and captured by 91%, American Power and Light/the Confederates at Chattanooga. 8%, Anaconda 14%, Armour A 6%,| After being in several southern Armour B 3%, Bethlehem Steel| prisons, including the notorious 28%, Calumet and Hecla 5%, Con-|Libby prison, he escaped from Co- tinental Oil 13%, Chrysler 24, Fox|lumbia, S. C., and rejoined the Films 3%, General Motors 25%, In- | Union army. He was attached to ternational Harvester 39%, Kenne- General Sherman’s staff in the cott 191, Packard Motors 4%, final days of the drive through the Standard Brands 21'%, United south and was selected by General States Steel 53, Timken Roller Sherman to carry the first news of 26%. |his victories to General U. 8. —_——— |Grant and President Lincoln. a1 | It was while he was in the I”‘p’"o"’ Red"lce |southern prison camps that Major That W(usflin,(); |Byers, then an adjutant, began his rise to fame in literature with |the song, “The March to the Sea,” |later adopted as the title of Gen- SHREVEPORT, L. A, May 2T.— o] Sherman's campaign, The life of a Shreveport fireman| ¢ the close of the war he was promises to be less adipose than | i formerly. Dally “slenderizing” given the rank of major. He re- Must Slenderize A life that spanned the grow:h‘ CONTINUE OVER MORGAN PROBE Firm Members Owe Com- pany Money — Point ade by Inquisitors WASHINGTON, May 27. — In- quisitors today gave ' the public | fresh news that half a dozen of the 20 Morgan partners are in debt to Morgan and Company, { Names are withheld but the in- formation is considered of import- ance by some of the Senators wha are pointing out that national banks are not permitted to make loans to their own officers, and maintain that private banks, such as Morgan’s, should be under Gov- ernment regulation and subject to similar restrictions. The informa- tion was given to the Senate com- mittee by John Da the Mor-| gan firm's attorney. Executive Session At an executive session of the committee today, the investigators began intensive preparation for furthe " disclosures of long hidden secrets on next Wednesday. Almost Every Spot on the land” Was Chicago’s Fair a World in Miniature * * * * * * Bed of Lake Michigan a Dozen Ycars Ago. Globe Represented in $25,000,000 Show. Site of “Wonder- i ; The controversy over the course of the inquiry bubbled to the sur- face when Senator Carter Glass| heatedly ~demanded that Chief| Counsel Pecora inform the com-! mittee where he is headed issue is still not decided. Sew tor Glass wants the investi- 1he Bation to continue but said: “I am| still against making it a three-| ring cire 1 Gla: Statement | Senator Glass said he knew some people have an idea he is a rep-| resentative of the House of Mor-| gan and defending its interests and| all that, but, “Well, here is the| answer, if any is needed,” and he| took from a couch beside him an| 86-page document, his banking bill| {as it was passed Thursday by the Senate. He thumbed the pages and read Section 31. This section pro-| vides that no officer or director of any Federal Reserve member bank| shall be an official or any director| of any concern whose business is | primarily in handling securitie: “I know this sounds technical, but get the meaning and the' meaning of the separation of in-| vestment and commercial banking, then ask Morgan if it is thought I have been influenced,” said the Senator. —— .- MORGAN CASE S ADIOURNED Further Hearing by Com- mittees Goes Over to Next Wednesday WASHINGTON, May 27— T hearing of the Senate Investigat Committee into Morgan and Com- pany adjourned yesterday unt next Wednesday. This agreem: was reached in an executive ses- sion of the committee before terday’s hearing began. | SNOW STORM -~ STOPS FLIER J J Mattern Poslpones Start of Proposed | World Solo Flight NEW YORK, May 27.—Ad that a snow storm was raging € Cape Race, J. J. Mattern late last night abandoned his plane to take off early this morning for a s0lo flight around the world. Legal Service Free | NEW ORLEANS.—A group Of New Orleans attorneys opened the Legal Aid Bureau where free lezal assistance on an organized basis CHICAGO, Ill, May 27.—The Century World Fair, opened its gates toda, determination. The gates were flung open be eventually an attendance of paths of a city man-made out o Here, aided by a little imagination, one may make a tour of the fraction of what it would cost to make a round of the terrestrial sphere on which we live. % of Progress, an international exposition, Chicago’s second y as a saga achievement against huge odds and represents a drama of at 8:30 o’clock this merning and the vanguard of what is hoped will fifty million began to stream through the roads and streets and f the waters of Lake Michigan. The fair closes November 1. infinitesimal What is globe at an mcre, only the beautiful things of the world will meet the eye in Chicago’s pocket edition of the globe —squalor has no place in “the greatest show on earth.” Fert Dearbern, the original Chie: built in China and transported to In a couple of skips one may go from old ago, to the Golden Temple of Jchol, a reproduction of the original, the shores of Lake Michigan. The visitor may marvel at the glories of Egypt in the time of the Pharaohs, stand in awe before the 18-story jade temple in the Chinese exhibit or watch the manufacture of silk from the lowly worm to the glerious evening gown. For Americans the Hall of here are graphically illustrated, last century. house, constructed of steel and for the family airplane. When this miniature world stands was of the crganizers and engineers have accemplished so well. Science and the Electrical Building will have the greatest appeal, for by working models, the tremendous strides taken by science in the Too, one may view the architects’ dream of the dwelling of the future—a twelve-sided glass and provided with a garage for the family auto and a hangar one considers that only twelve years ago, the 600-acre site on which far beneath the Waters of Lake Michigan, one marvels at the patience of the great show and appreciates the magnitude of the task they NOW OPENED Steamer Tana Makes First| Trip of Season for Freight Cargo | ANCHORAGE, Alaska, May 27.*} A Dplane arrived here fromr the Kuskokwim yesterday reporting navigation opened last Wednesday with the steamer Tana sailing from McGrath for Bethel. The Tana il return with a full cargo of freight for upper river points. FUNERAL SERVICES FOR MRS. MARTIN GEORGE MONDAY| On Monday afternoon at 2 0'- clock, funeral services for Mrs. Martin George, who died two weeks ago at the home of her daughter, Mrs. T. N. Burkland, in Astori Ore., will be held at the Methodist | Church, according to her son, Wal- lis 8. George of this city. ‘Mrs. Burkland and Mrs C. Borges, sisters of Mr. George, will arrive on the Northwestern tomor- I Honeymoon Trip *|STANDS FIRM, Mount McKinley : ‘ ANCHORAGE, Alaska, May | 21—Harry J. Liek, Superinten- dent of Mount McKinley Na- tional Park, took his bride, the | Herriot Tells Deputies Just former Miss Maric Wahl, of San Franciso, on a unique | What President Roos- hoeymoon trip, an airplane ride - around the summit of Mount eveh__wl“ DO McKinley. Pilot 8. E. Robbins flew the | PARIS, May 27.—President Roose- plane. |velt made it clear that the pay- Iment of the $19,000,000 war debt interest due last December from France is an essential condition panied the bridal party on the |for future settlements of debts, flight. |’rormer Premier Edouard Herriot i e ,told the Chamber of Deputies yes- AT PT. ANGELES France agrees to pay, President PORT ANGELES, Wash., May 27. | —Old Ironsides, the famous old warship Constitution of the early American days, now reconditioned, and paying a visit to the Pacific Coast, arrives here today, beginnin, a long stay on Puget Sound. ————— George Lingo, member of the Alaska Legislature, and Harold | W. Snell, of Chicago, accom- ‘, be undertaken immediately on fu- | | | | ture payments. PARIS, May 27—The French coldness toward the war debt | unaffected, official circles said, by the proposed Americ 1 is an legislation concerning the gold clause which 2 |allows war debts to be paid in the | official media of exchange One high financial authority said legalization of the existing ;(‘mldmons should mnow depreciate |the dollar further. The same au- Tow accompanying the remains Which are being brought north on| that steamer. | Interment will take place in the Masonic plot of Evergreen Cem tery. Arrangements are under direction of the C. W. Carter Mor- tuary. Mrs. Martin George spent many WOMAN SLAIN; thority also said the action of the United States strengthens the con- viction that nothing will be done at the world economic conference un- til the dollar and pound are stab- SON IS SOUGHT FLINT, Mich. May 27.—Mrs.|ti Bruce MacDonald, wealthy widow | ilized. of the former cashier of the First | National Bank, was found slain to- | day at her home. ——a—eo—— FRENCH DEBT Roosevelt told him negotiations will | A new species of black bass—the Her head had | Micropterus pseudaplites—has been OPPOSITION TO BIG BILL GOES ~ MELTING AWAY Lower C};;fi)er of Con- gress Favorably Acts on Roosevelt’s Plan INCOME TAX PROGRAM IS REVISED SLIGHTLY General Manufacturers Sale Tax Proposal Finally Turned Down WASHINGTON, May 27.—Oppo- sition of the House to President | Roosevelt's three billion three hun- idred million dollar public works, industrial control and taxation bill crumbled last night and the meas- | ure, amended to plug the holes of |the income tax laws, was passed 324 to 176. | The measure now goes to the Senate where favorable action is expected by the Democratic lead- ers, After the income was approved, the House revised {the bill to ease the burden on small incomes. Before the measure was passed, the House voted down an amend- ment to insert a 2% percent gen- |eral manufacturers sale tax to fi- |nance the 3300000000 public { works bond issue. - e JAPAN NOT TO SIGN PROPOSED - ARMS SCHEME |{Ambassador Sato Throws Monkey Wrench Into Geneva Session tax program GENEVA, May 27.—Ambassador Naotake Sato informed the dis- jarmament conference yesterday !that Japan cannot sign the pro- |jected general disarmament treaty |if it refers to the Washington or |London Naval conventions, binding |her to the short end of the 5-5-3 |ratio. ¥ | The Ambassador made it, clear that Japan proposes, at the expir- ation of the agreement in 1936 to seek revision giving her a greater relative strength as compared ta the American and British sea pow- er. | R MAHATMA HAS 2 MORE DAYS OF HIS FAST |Gandhi Confident He Will Pull Through—Then ! Quick Recovery | POONA, India, May 27.—Apart from the slight return of nausea, |the general condition of Mahatma Gandhi on the nineteenth day 'of his three weeks’ fast against un- touchability is good. He is increas- |ingly weak, and seriously exhaust- ed, but confident he will be able to endure the remaining two days |and make good recovery. COPPER PRICE TAKES ADVANCE NEW YORK, May 27.—Copper prices advanced one fourth of a cent today to 7% cents a pound. There is a volume of trade at the new quotation. e — 4 cal- |turned to Towa in 1869 married |available to persons unable to Pay years in Juneau' before going to|been crushed by a book-end. Her | classified in streams of Lousiana,| An Xenia, Ohio, woman, 102 count Ishii, of Japan, following esthenics have been prescribed for a lawyer's fee. Only civil cases Astoria where she had lived with missing son, Balfe, aged 17 years, is | Mississippi, Alabama, Tennessee!years old, was buried in her wed- conferences today. ‘Lhe laddies, commencing at 9 am. (Continued on Page Three) are handled. her daughter for the last few years.|sought by the police. and Georgla. ding gown.