The Daily Alaska empire Newspaper, February 7, 1935, Page 8

U. S. INSURES HOME MORTGAGE, FHA HEAD SAYS Pignes Exiliths - Tile {1 Workings to Cham- ber of Commerce For the first time in the world's history, a nation has undertaken t0 insure mortgages on the homes of “its 26! That was message brought to Juncau's Chamber of Commerce this noon at Bailey's Cafe as that body listened to its speaker of the day, John E. Pegues, Director of the Federal Housing Administra- tion for Alaska Pegues, in a the talk, well-received by an unusually large number of members, outlined the manner in which the FHA insures the financ- ing of new homes under its Title 1I. “Under Title II, we are operating | a plan of mutual insurance of mortgages meeting the terms and conditions we have hud down,” Pegues said. First Lien Needed He continued his explanation by saying, “The mortgage must be a first lien and a long term amortized instrument cnlhng ror. equal monthly payments on prin- ‘ cipal and interest, well within the| means of the borrower sufficient | to pay it off by the time it falls due. In amounts up to $16,000. it may be for as much as 80 per cent of the appraised value of the property and it may run for as long as 20 years. “Under Title IIT of the Act, the Government is prepared to grant charters for the establishment of certain new institutions. These are National Mortgage Associu'.ions standard | NEW EVIDENCE, KIDNAP TRIAL Pattern Maker Placed on Stand—Gives Plane Demonstration {Continuea rom Page One) each with a minimum paid up| Lindbergh estate before the crime, capital of $5,000,000, whose busmcss‘by calling William Whitehead to it will be to purchase insured mortgages for cash from those wishing to sell to them in any part of the country.” . Pegues explained that property eligible for insured mortgages would consist of dwellings of from one to four families in urban communities, but that dwellings supplied with city transportation, light and pow- er, but ‘situated outside of city Millard Whitehead, | was “not good.” DOCTOR WITNESS IS NOW HOPE OF DEFENSE FLEMINGTON, N. J, Feb. 7. Dr. Erastus Hudson, New York City physician, who has made- a hobby of fingerprints, is sTill the hope of the defense as the murder trial for 1 DEFENSE GIVES DRUNK DRIVER | | say the reputation of his relative, | A i i vemcxty‘,mg a motor vehicle in the Territory A picture of Darling, Miss., under water after the Coldwater river left its course and ran through the town. Five negroes lost thelr lives in the flood. (Associated Press Photo) ing fish traps was on the Senate | calendar for today in second read- | ing but was put over until Saturday | as the Senate has scheduled a pub- lic hearing on the proposal for 7:30 tomotrow evening. Boat Seizure Discussion The Baronovich memorial asking BILL PASSES UPPER HUU§E,cmgms to legislate ~against the | Hearmg on Fish Trap Fisneries of selzing gear of fisher-| Abolition Memorial Set MR for suspected violation and| ol then releasing it on payment of for 7:30 Fnday fine came up for discussion in the| Aimed to curb drunken driv Senate. Senators Brunelie, Campbell and the Territorial Senate today passed Roden all stated they knew of the abolition of standing and float- | SI.IGHT GAINS ARE MADE BY STOCK ISSUES Quiet Rec;—;ries Take Place, Rails Leading Mild Rally ‘ NEW YORK, Feb. 5—Quiet re- | coveries apd Wlight ryled the | stock markeb !onav rails lead- |ing & mild. | Most of ptherf, s hibited some h}x Sreuedta | Therc were a Jfgw m jpots in | today's trading; | ' # Today's close was fa.(rly firm. bns ex- CLOSING PRICES TODAY NEW YORK, Feb. 7. — Closing quotation of Alaska Juneau mine |stock today 1S 17, American Can | 11 %, American Power and l.xght‘ | 2%, Anaconda 10%, Armour N 5%, | Bethlehem Steel 29, Calumet and | Hecla 3%, General Motors 30%, In- | ernational Harvester 40, Kennecott | |16%, United Slates Steel 35%, | Pound $4.88%. OTHER STOCK QUOTATIONS i The following are closing prices | | of various issues today on the New | \Yurk Stock Exchange, furnisked by the Wilson - Fairbanks and Com-| | pany's Juneau office: Amer. Radiator 13%, Amer. R. M. | ‘,O‘x. Amer. Smelting 34%, Amer. | T. & T. 104'%, Amer. Tobacco 807%, | Amer. W. W. 115, Atchison Topeku‘ |42%, Atlantic Refinthg 23% Bendix 14%, C. P. 12%, Cnter- pillar 39%, Cerro de Pasco 40%, C.| & O. 41%, Chrysler 37%, Cont. Can | |33%, Cont. Oil 17%, Curtiss- erghtx 1%, du Pont de Nemours 93. | Electric Auto-Lite 23%, Fairbanks | | Morse 18'2, Gen. .Elcc(nc 22%, | GLAIMS NRA Russell A. Hey (right), 42-year-old Bogota, N. J., salesman, was amazed as he heard Edward Price (cen- Oer). ew York newsboy, confess he had tried to kill Hey by pushing him off Palisades Mountains cliff last October. Mrs. Hey (left) is said to have confessed she plotted with Charles Mucci, a bus driver, to have Hey killed so that they could collect his insurance and continue their alleged romance. “I still can't believe it.” said Hey when pohee informed him of confessions. | IIIIIIIIIIIIIIIIIIIIIIIHIIIIlIIIIIIIIIII|IIIIIIIIIIIIIIIIIIIIIIIIIIllllIlIIIlllllllflllllllllllll NOT SOLVING 2 PROBLEMS | the Roden bill which would provide a penalty of fine and imprisonment for any one found guilty of operat- while under the influence of liquor or of operating a vehicle in reckless manner. Penalties nxed in the Senate bill for drunken driving are: First of- fense, fine of $25 to $100 or jail sentence of from five to 90 days or both; second offense, fine of $100 to $500 or imprisonment of 30 days to nine months or both; Shortening of Workmg Hours Will Put Millions | Back to Work specific instances where such pro-| 3ranby 6%, G. N. 13%, Howe cedure had been carried out. No Sound 44%. trial is held, Roden stated, but if| Hudson 9%, Int. Nickel 23, Johns- | the accused agrees to payment of Manville 50%, Liggett & Myers 103, | a fine his boat and gear is returned | Liquid Carbonic 26%, Loews' 32, and he can continue with his op- | Lorillard’ 19%, Marshall Field 8%, erations. Representative A, H. z:eg-‘MMhieson Alkali 27%, MclIntyre | ler, who was allowed the pnvllege‘39'”‘ i Montgomery Ward 25% 15%, Nat. Cash Register 15%, WASHINGTON, Febh. 7—The Nash | assertion that NRA uas failed to N.|solve the unemployment problem Y. C. 16%, N, P. 17, Penney 66%,|and had ‘“yielded to pressure and Pullman 47'%, Radio 5 Reynolds| importunities of business,” seek- Tobacco 47%, Sears Roebuck 34%,|ng exemptions from wage and 8. P. 14%. | hour code provisions, is made by of the Senate floor, related a case | in Ketchikan where the boat of a fisherman suspected of violating the regulations was seized and he refused to pay the fine assessed. | Ziegler said the case came to trial limits, also could qualify. Cost Noted It was explained that the cost for all charges, not including taxes and insurance on the home, will be about $8420 a year for each $1,000 borrowed. In c¢onclusion, Pegues said, “We would like your wholehearted co- operation. We will help you and the District Court held there Socony 13%, Sperry 8%, Stan. John L. Lewis, President of the in| of Bruno Richard Hauptmann re- sumed today. Dr. Hudson told late yesterday |of finding 500 fingerprints and |none of them were Hauptmann's, when he processed the kidnap lad- der with silver nitrate two weeks after the kidnaping. Attorney General Wilentz, State every possible way. Don't Iorgev,\Prosecutor. planned to show the that your great opportunity for |prints were for the most part immediate results is in the mod-|worthless smudges, left by numer- ernization program which is al-|ous officials. ready under way here, and which | Eight More Witnesses now includes business property. | polowing Dr. Hudson, Defense Both together will give us de-|atiorney Edward J. Reilly, said cent housing conditions and will 80 ne had eight witnesses, two of a long way in Wfting us out Oof them alibi, two surprise witnesses, the depresslo ' . O'MALLEY VISITOR HERE; AFTER TROUT Former U.S. Fisheries Com- missioner Discusses Bonneville Dam Henry O'Malley, former U. 8. Commissioner of Fisheries, now ad- visor to the Oregon Game Commis- sion, is in Juneau for a few days visiting . friends while awaiting| transportation enroute to the Quadra Pishery where he hopes to obtain trout in large numbers which will be planted in the Bon- neville Dam waters for sport fish- ing. Mr. O'Malley, a fish expert for many . years, said that everything possible is being done to protect the kingsalmon run which, be- cause of the new Bonneville dam, will now have to pass over it. A sum of $4,500,000 approximately, will be spent in mechanical lifts and. conventional types of fish- ways to insure the escapement of the salmon run up and .down the Columbia. Important to Algska two wood technicians, a handwrit- !1 ng expert, and Harry Uhlig, mu- {tual friend of Hauptmann and | Fisch. Dr. Hudson's early testimony was H.}mt he saw only one nail hole in lhe ladder where the police said there were four. The defense is trying to determine if the charts he made should be admitted as evidence. Only One, Not Four Dr. Hudson testified there was only one square nail hole in the |rail of the iadder which the Stawe |charges came from Hauptmann's | attie. | Dr. Hudson declared that not even Government expert's reports on the ladder would cause’ him to change his testimony on that point . : Police and State experts testi- fied four nail holes in the upright the ladder, jibbed with nail holes in joists of Hauptmann's at- tic. The rail of the ladder is con- sidered one of the State’s strong- est links in the circumstantial evi- dence by which it seeks to send Haup'mann to the electric chair. D Two Captured by Police Radio Car NEW YORK, Feb. 7.—Police in 1 radio car, seeing a somewnat disheveled man pursuing two young men, joined the chase angl eaught the fleeing pair. Harry E. Martin, forty-five, & This escapement of king salmon Shlesmany was the rputsuer, He said i3 most important to Alaska fish- | °0€ Of the two had “struck him on ing as large numbers of them pass| (D€ head with a piece of iron pipe|. through these waters. |and then had taken $100 from hi$ Mr. O'Malley explained that lhe\mckelb The police said they !oupd Bureau of Fisheries, the State of |$100 on the prisoners. Oregon, the State of Washington, | and the engineers in charge of the| construction of the Dam are work- | ing in close cooperation and har- | mony to do everything possible to| make the dam as least harmful as In doing this a complete minia- In doin gthis a complete minia- ture working model has been made, | to study the currents, and to try and eliminate the vacuum created | by the dam. This vacuum must be | minimized as much as possible or| large numbers of fish going down‘ stream will be killed. Mr. O'Mal- ley bel that when. the pres: ent plans are pardidy ghrougn, the down stfgam migrants should pass through in good shape. i e DAILY EMPIRE WANT ADS PAY! They were listed as Angelo Sil- vestri, twenty-two, and Ralph Ro- mero, twenty-two. ———————— OLDTIMER PASSES ON Peter McMahon, 65, who came |to Alaska 46 years ago, died re- cently as the result of a sudden heart attack in St. Joseph's Hos- | pital, Fairbanks e S ANDERSON DIES Mr Miss Florence Anna Christin An- derson, daughter of Mr. apd Mrs. Andrew Ander\on died recently at Fairbank$'as the result.of a para- lytic stroke suffered two years lKO, ——— e g SHOP IN JUNEAU FIRST! third offense, imprisonment in the penitentiary of one to five years. The emergency clause was defeat- ed. The bill now goes to the House. Pass Two House Bills Two House bills met favor in the Senate today, one asking $10,- 000 emergency appropriation for the Nome schools and the other $2,000 for the Craig school, which was recently razed by fire. Both measures met unanimous approval. The House memorial was not sufficient grounds for con- viction. In the meantime the fish- erman had been deprived of his boat for the entire season. Frawley, Hess Oppose Senator Frawiey and President Hess voiced doubt of the actual merits of the memorial and its possibility of winning Congressional recognition. Frawley said he had been in contact with the Bureau of Fisheries and had been informed aimed at| [he bureau was very lenient” and Ohio Begins Muskmgum Pro]ect Ohio has launched the construction of Tappan dam, part of the Muskingum valley flood control program, and the second rmjor protective project in the Buckeye state. The Muskingum proka. started 15 years after the completion of the dams in the I*l valley district, will cost more than $30,000,000, the federal governs, ment subscribing to $22.500.000 ol the principal sum, FRESH FRUITS and VEGETABLES ALWAYS CAlIfORNIA GROCERY. Phone 478 Oil Cal. 29%, Stand. Oil N. J. 3 Texas Corp. 19%, Timken 32%, United Aircraft 13. U. S. Rubber 13%, U. S. Smelt- | ing 111%, West. Air Brake 24%,| West. Electric 37%, Woolworth 54%, | Hudson Bay $12.15. Averages—Up .79. Spot silver—537%c¢. Toronto, Vancouver and Seattle mining exchanges: Bralorne $10.50, Bremner 45¢ bid, B, R. B. 18c, Cariboo Gold Quartz $1.15, Gol-| conda 28%c; Montana Consolidated 19%¢c, Nabesna 92c at $1.00, Pioneer Gold $10.20, Premier $1.49, Silver- smith 6c, Sunshine $11.40, Cres- son 1% at 1%. always warned violators before tak- | ing any action whatever. He said | he would like to have the names‘ of specific instances where the| fine practice was carried out. | It might be well to have the boat or gear of a violator released on posting bond, Hess stated, but\ he doubted the advisability of let- | ting down the bars entirely for, | he said, if no seizure could be‘ made until offense had been proven | [ in court it would -invite general‘ violation. The Senate meéts - tomorrow nt‘ 1:30. ,ee Pilot Jerry Jones' recently made the round trip flight from Fair- | banks to Nome and ret.um in seven' hours ahd 45 minutes flying time | with stops ‘at Nulato and Ruby. ‘ > | Hans Nelson, of Ruby, aged 71, died recently in Fairbanks. He had | been a resident of the north for | 36 years. T i ||||m|||“|||"||||||||||||||||||‘||||||||||||i Pay’nTakit | George Bros. e LOWER LIQUOR United Mine Workers. “Manufacturers are trying to chisel down the code tree that protects wages and hours. NRA is no longer hoping to decrease hours or even maintain those now in the codes. Thousands of re- quests for exemptions are coming,” | ELKS’ HALL Saturday Night | Lewis said. | way to put eleven millions of un- Shortening of hours is the only! employed back to work, further de- clared Lewis, but the manufac- tyrers are thinking only in “terms of competition not in terms of hu- manity or political security.” Lewis endorsed the 30-hour| ® “Dude” Haynes Orchestra ® Admission $1.00 “ @ Ladies Free! | IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIlllllIII||||III||IIlllIIIlIIIIIIIIIIIIIIIIIII!III week. PEARLEP (BN |SHOP IN JUNEAU FIRST! Al‘ dtr they get 2 You: bel t thay do! .Maldmlfall milk, morning, noon and night. They Every smgle one of these four -year-olds: dinks : 'flfl”tam. Thdgr ‘parents appreciate the importance of plenty of M pure, whole milk from tested cows. hildren coat a lot of money. When it comes to food, money spent for buying the BEST of wholesome, health building food is a real saving. Mendenhall Milk tops the list for healthful, economical food. PHONE 985 TODAY for a month’s trial! Mendenhall Dairy GEORGE DANNER, Proprietor ‘?Zfiumtw -You Feel O PRICES ALWAYS Pay'n Takit George Bros. Phone Your Orders! *Store open’ uptil _ midnight "