The Key West Citizen Newspaper, December 12, 1932, Page 1

* ra ing here under, his ‘own Associated Press Day Wire Service VOLUME LI. No. 294. Embezzler Of Million Dollars Hangs Himself In New President Of Colorado STEAMER PECOS Financial ; Institution Squanders Much Money On Woman In Employ (Ry Associated Press) NEW YORK, Dec. 12.— Suicide’s noose ended today the life of Walter Davis, 50- year-old president of the City Savings and Loan Associa- tion of Colorado Springs, who fled from a $1,000,000 embezzlement. charge. Davis, who was seized here by a detective who saw his picture in the “wanted” de-) partmént of a detective story magazine, was found hang- ing in his cell at police head- quarters. He disappeared from Colorado Springs six months ago, about the: time his as- sociation was thrown into receivership. Miss Eva Terry, former secretary -of the association, was taken into custody and admitted, police said, that ’ Davis had maintained her in an expenisve Denver apart- gent for years, : : name. x Sn hole ie oe ASKS COURT AT TALLAHAS. |» SEE TO RULE ON FRAN. ; €HISE ISSUE uy Ansociated Press) TALLAHASSEE, Fla., Dec. 10. | =—George J. Rosenthal, of Miami, has brought action in the Supreme - court to test the right of the st: road departnient to grant the Ov: seas Bridge Corporation of Miami a franchise to construct a series 5 * of bridges linking the Florida Keys on road 4-A from Miami to Key West. Rosenthal claimed he had prior right to undertake the’ project, since he was granted a franchise from the Monroe county commis- sioners. He recently requested} the state road department to ‘va- eate its franchise to the Overseas Bridge Corporation, but. the road department at its meeting on No-! vember 29 refused to do so, Road department officials said they acted under authority of an act of the 1931 legislature granting them power to give franchises, | Jease and buy roads and bridges within the state highway system. Both Rosenthal and the Overseas Bridge Corporation have applied to the Reconstruction Finahee| Corporation for loans to finance the work, estimated to cost be- tween $10,000,000 and $12,000,- 900. Editor’s Note: This action. by} Rosenthal will delay the efforts of | the Overseas Bridge Corporation| but briefly, if at all, since the Su- preme court generally disposes of cases of this nature within 10 to 30 days. AUCTION SALE Tonight at 7:30 O'Clock Offering “White and Gold China Dinner Ware}! with variety of other articles. FRANK JOHNSON Colonial Hotel Bidg. | | { LEAVES PORT ON SATURDAY NIGHT, RECORD TIME MADE IN WORK OF RELOADING CARGO TAK- EN FROM SHIP; EXCELLENT WORK BY STEVEDORES The steamship Pecos, of the Clyde-Mallory line, which wa: stranded near Whitehead Spit for one week and floated Friday, sail- ed Saturday night for Charlesto and New York, Loading the Pecos was one of the quickest operations of this kind that has ever been accom- plished in this port, it is said. This was begun 9:30 o’clock in the morning and the ship was ready to sail 8:30 that night. 2 In that time more than 700 tons of diversified freight were placed . all matters pertaining to the loading cuecked and record- ed and the Pecos started out of the harbor at 11:30 o'clock. Discussing the situation, from the time he arrived in Key West until the vessel was. freed and brought to the dock, A. Findlay, representing the United States Salvage Association, told The Citizen that everything moved without @ hitch? The employed in the capacity of longshorsemen worked _like trojans. A spirit of good will seemed to animate everybody and every-move counted at the strand- ed vessel or on the dock, There was nop the slighest sign of fric- tion at any time. ions, for which the agent had “em- ployed the Porter Dock company, Mr. Findlay said that with the lim- ;/at-hand, the work Just vtthe ‘train left. Mr. Findlay ‘said ‘that in summing up the; work that\he will, in his te- pot,’ give €. E. Smith, agent of the Mallory line, high praise for the Snmoth: and. efficient -way ‘in which he handled the difficult situation. Agent Smith said this morning that the entire cost of the work amounted to approximately $65,- 000, and of this about $1,800 was paid in wages. : SPEEDING ACTION ON PROHI REPEAL MATTER REFERRED TO SUB- COMMITTEE COMPOSED OF FIVE (My Associated Press) WASHINGTON, Dec, 12.— Speeding action, the senate judiciary committee today re- ferred all prohibition repeal legislation to a subcommittee of five. Four of the members favor submitting the repeal resolu- tion. 1933 Models Of World's Greatest - Radios JUST RECEIVED) Before buying see the Latest Models of the Majestic Atwater-Kent RCA Referring ta, the tawing npera+|. " {both of these positions he could, ye Kep West Citisen KEY WEST, FLORIDA, —. MONDAY, DECEMBER 12, 1982. |THE BUDGET oe epee Pryyiv iti iy rrr (By Associated Prexs) : WASHINGTON, Dec. 12.—The |) nation, again in search of al balanced federal budget, will have to pay $355,000,000 of new taxes_ to obtain that balance, President Hoover has informed congress. t Only one nex tax, the president suggests, will be needed for’ that purpose—a general uniform sales tax of 2% per cent on all items texcept food. { ; Sales Tax Previously Beaten The general sales tax was de-, feated in congress at the last ses- sion by an uprising which took {members from both parties away {from plans of their leaders. The |tax has been variously proposed iby both parties and has received additional recommendation from many sources since the last ‘at- tempt to effect it. th ee reNue Passage of the tax, Secretary of, ETc, ithe Treasury Mills has suggested, E ould make possible the elimina-; {tion of a number, of “the unsatis- |factory and relatively unproduc-; ive” excise taxes now in force, VETERANS $931,077, 773 SOLD... TAXES) INCOME GASOLINE CUSTOMS and where he would make cuts. | Seeretary Mills emphasizes that} federal accounts. the sales tax would be imposed at i S ithe point of manufacture, avoid-| Principal savings — proposed ing the “inevitable pyramiding” the new budget are approximately lof the tax imposed at the point of $50,000,000 in construction jretail sale. é Would Cut Half Billion | The proposed administration budget calls for reductions of ap- proximately $580,000,000 for the Sive the 1983-34 budget, or a total of $4,-/°23,685. oes 1918,808,844. The president esti-| Considerable opposition is ex- mates that without the new tax pected to develop to reduction in and continuation of the gasoline,veterans’ benefits. Veterans’ or- tax the public debt will be in- ganizations are on record for creased by $307,000,000. It will payment of the bonus which would be increased by $1,146,478,307 in add some $2,000,000,000 to ex- the fiscal year erided June, 1933,'penditures, to say nothing of ac- the president estimates. leepting reductions. in land $89,000,000 in veterans’ aid. These and other savings are part- ly offset by extra expenses to give the net reduction of. $581,- The budget balancing battle is on agi of the short session. The chart above shows how President Hoover's proposed budget would be spent, |}, i jitems, $55,000,000 in salary cuts,’ COCOO OOO SOODEOOOOOOOOOOECOCOSOTOSROOOOTSOO SOOO OOOSOOOOO OOOO OOH OSOOOOCOOOOHSOOOODOOD es How Hoover Would Balance It ee And Where He Would Spend It a) PUBLIC DEBT ’ $1,259,070, 321 Hr in in congress and it is likely to take up much of the time It also shows where the president. would get the funds for balancing The president’s proposals ‘PARROTT SAILS | FOR MOBILE; TO GO ON DRYDOCK FLORIDA LEAVES TONIGHT FOR SAME PLACE; GOVER- NOR COBB TO BE PLACED ON RUN TOMORROW of | the The steamer Parrott, " | Florida East Coast Car Ferry com- jpany, sailed this morning for Mo- Ala., sad will go on drydock preparatory to the anticipated win- {ter increase in transportation of. are large appropriation of $694,508,-' freight between Key West and ‘generally held to be extremely | 491. This sum, however, is not Havana. tentative in the minds of many) raised by taxation since postal re-) congressmen, and vigorous battle | ceipts are expected to total $627,- } Passenger steamer Florida will jon her arrival from Havana this is expected before conclusive de-| 000,000. The army and navy get|afterneon, be given the necessary termination of the new year’s ap-| $585,558,780. propriation. { {1932 fiscal year, takes the lion’s! difference between this ‘share of the budget, it getting }$1,259,070,321 in principal andj jinterest. Without new taxation, ithe debt may reach about $21,- 00,000,000 at the end of the ;1934 fiseal year. i The post office comes in for a 200, the president estimates, DEMERITT ACTS (TWO KEY WEST AS MANAGER OF | PREACHERS GET FERRY SYSTEM! CAPTAIN OF ONE OF BOATS|/STRADLEY AND LOGAN WILL TAKES PLACE OF FRANK H.| SERVE ANOTHER TERM; LADD WHO HAS BEEN GIv- SAMFORD GOES TO BUN- EN FURLOUGH NELL | Captain Eugene Demeritt, of! But one of! the preachers the Monroe county ferry system, } Methodist churches in Key ‘West has been appointed manager of |Will be transferred to another H according to assignments i ss j district, ee ee innoaalal Frank | made at the conference held last add is on furlough. |week in Jacksonville. The appointment of Captain/| Demeritt was made by Commis-| sioner Roy Fulford. It is under-| ‘ Packs is Couliette has been ass' din his stood that when Mr. Ladd as-| puccu® vas vecn Sssignes™ sumes the office of tax collector Rev. J. G. Stradley will remain in January, the captain will receive ‘at the First church and Rev. the appointment permanently, it, Holmes Logan will remain at Ley the other members of the board | Memorial. : ‘ will endorse the action of Mr. Ful-| Rev. Smith Hardin, presiding ford. elder of the Miami district, who ‘Not only is Mr. Demeritt an ac-; a5 a frequgat visitor to Key complished, master but he is also| West, has been assigned to the an, engineer, having been employ- | First church at Sanford, Fla., and ed in that capacity before being | Rev. 0. E. s appointed the placed in charge of a vessel. It | Presiding e of the Miami dis- Lis shown that being qualified in | trict. ic The as working manager, fill the posi-| 0! thes tion as either master or engineer, jsniniste in an emergency. } eee eer ANOTHER BANK ‘WOULD PROLONG FAILS TO OPEN | RAILROAD EXECUTIVES ASK McINTOSH INSTITUTION WAS} | TIME EXTENSION IN CAPITALIZED AT MATTER $15,000 —— Street church, wiil go to Bunnell, in the Jacksonville district. J. T. e izen was today advised i changes by the returning (By Anssect CHICAGO, Dec, 12 Nec \tives of the nation’s railroad pro- ;posed to the Brotherhood of Em- jployes today that 10 percent m (Ry Associated Press) TALLAHASSEE, Dec. 12. —The banking department re- ported that the First State Bank of Mcintosh, capitalized at $15,000, and with deposits of $26,000, failed to open for i today. A state liquidator will be named. initely past next Januar) to expire: | [with heads of 21 shop crafts. Silver-Marshal |, Crosley ‘|J. L. Stowers Music |; COMPANY Radio Headquarters STARTING;TODAY ‘& wow serial by the author of “YOU CAN'T MARRY™ oes in} Rev. C. M. Samford, of Fleming! WAGE DECREASE ! }duction in pay be extended indef- 31 when | ported fan agreemet of last year is due} The suggestion was made at 8/ California. joint conference of managements Premior Herriot Says Troubles ment despite the clear:asser- ' (By Aasoctatea Consideration of America’s tion that the United States is latest note explaining that the president and his cabinet 5 such. hav uthority to postpone gee Moe ala In Paris Premier Herriot : : | debt installments due Thurs. Heide twould. aot chake j|today French governments. issue must come before them {tomorrow or Wednesday. , There was a_ report ;London that England will |pay $95,000,000 due Thurs-|the cause of all present \day with reservations that it |troubles in which America’s |be credited as a capital pay-|debtors are involved. of the British and until he knew what England The/|was going to do. Addressing the chamber of deputies, Herriot said the jdebt moratorium which Hoo- ver declared last year was in ‘Cold Wave Indirectly | Cause Of Many Deaths (By Associated Press) Winter struck at the na-}grees was in 62 ltion prematurely again to-| ears, and the cold wave with coldest jday with subzero tempera-/S"0W extending as far south , jas S ig¢go. |tures, snow, rain and sleet, |** San Digg leaving a trail of dead. | | Slippery streets accounted jfor most of the deaths jtraffic accidents. . | Virginia, which also reported in} : : | Louisiana. Pennsylvania alone 13 persons while nine lost theirdives in re- killed! jnorth Georgia The heaviest snow of the jseason fell in Pennsylvania, ; iwhile the east generally ex-! |perienced snow or rain with itation continues. |fog extending to the south. Subzero temperatures are jreported in the far itl 50c-Oyster Supper—50c {Rocky Mountain states andj jportions of the midwest. || TUESDAY EVENING, DEC. 13 . ~ 4 | San Francisco with 27 de- The neti public debt, which was! amounts payable from the treas-: $19,225,000,000 at the end of the| yry will total $3,790,425,200, the| amount land that appropriated being, ac-;Tenovated and put in first class counted for largely by postal re- ceipts. The decline im* expen-|vana and will remain until the ditures by the, treasury from thejreturn of the Florida. 1933 fiscal year will be $478,463,- not prepared to receive itias; day, occupied the attention | gina) decision of the policy| {ranged from subfreezing in jsnow, to balmy weather in Torrential rains fell in mountains jand sent numerous streams ‘out of banks to present a {flood threat that the weather iserious if the heavy precipi- stores and sail tonight for Mobile The president expected actual|to be drydocked for the season. is to be placed on the run between Tampa, Key West and Havana. The Governor Cobb has been condition to go on the run tomor- row between Key West and Ha- She will then go in the “hole,” while the Cuba goes on the sched- ule between these ports. ASSERT BEER WOMEN CARRY CASE BEFORE HOUSE WAYS AND MEANS COMMITTEE | (By Associated Preas) ‘ WASHINGTON, Dee,’ 12.--A ydozen ‘women brovght to the ‘house ways and means committee today assertion’ that beer would decrease a source of taxable wealth by reducing productivity of citi- zens. Led by Mrs. Henry Peabody, women opponents of modification jof the Volstead act testified beer was intoxicating and that even a ;small amount of alcohol tended to islow down the human machine and that taxes the government lost by jelimination of the liquor traffic ‘had been paid to it in other forms lof levies. ‘ITALIAN SHIP | COMING TO POR { \COLOMBO TO ARRIVE IN NEAR | FUTURE FOR OIL AND \ SUPPLIES 1 The Italian training ship Colom- jbo is due to arrive in port for oil jand supplies. The vessel will jberth at the Porter Dock com- pany’s wharf. Advices received by the com- pany today are to the effect the Colombo is making a cruise, stopping at vario In the south, temperatures jand will, after a short | Kingston, Jamaica, go. to and from there proceed | West, sbout the middle 2e to if Fi $ wow | aes |bureau said might become} For 52 Years Devoted to the Best Interests of Key West PRICE FIVE CENTS Noted Statistician Says Cure For Depression Lays With Future Developments Vice-President Of Cleve- land Trust Company Ad- dresses Commerce Body On Subject (By Associated Press) CLEVELAND, Dec. 12.— Business recovery will “be conditioned to an exampled degree” by what happens in Washington the coming year, Colonel Leon- ard Ayres, vice-president of the Cleveland Trust Com- jpany and nationally recog- nized statistician, said to- day. In an annual address be- fore the chamber of com- merce on the business out- look, Ayres asserted that un- like any previous depression the present economic situa- tion is “‘not likely to be auto- lly self-curbing. “The problem of trying to forecast business develop- ‘ments of 1933: is one that in- volves in a large measure an actions guided by sagacity. “It ia quite literally a problem of political economy tather than one of business COLLEGE GROUP TO SING CAROLS TINGENT (Special to The Citizen) FLORIDA STATE COLLEGE, Tallahassee, Dec, 1 2—The his- jtorie city of Tallahassee with its old southern mansions and moss covered live oaks will softly echo with Christmas carols next’ Wed- nesday evening around midnight when seniors st Florida State College for Women observe a traditional custom and sing carols beneath the windows of Talla- hassee’s pioneer citizens. A full-moon will light the way for the carglers robed in the tra- ditional caps and gowns as they go from house to house spreading their message of Christmas cheer. candles held by the as they sing will add a ethereal dignity to the is Annie Lois Hicks of Key will be. among the carolers. COW'S DEATH LAMENTED MONROE COUNTY, Ind.—The of a cow that developed a for whiskey and deank ituelf mash is lamented by Bartlett of this county. h lovs taste See Page 4 for Reader on This Picture Matinee, 10-184; Night, 15-256 SHERLOCK HOLMES