The Key West Citizen Newspaper, January 25, 1933, Page 1

Associated Press Day Wire Service VOLUME LIV. No. 21. Snow Drifts High In Mountains Pacific Nevada Legislators Pre- vented From Reaching Capital On Account Of Blocked Highways (By Axnociated Prenn) SAN FRANCISCO, Jan. 25.—A temporary cessation of the general storm that drove across the Pacific coast states during: the last 24 hours was predicted by meteorologists today. The storm followed in the wake of another disturbance that took three lives and carried destruction in its wake. Shipping was harried and Of Several Coast States} [ROAD FOUR-A T0 GET ATTENTION OF DEPARTMENT NEW MEMBER ROAD BOARD ASSURES WILLIAM V. AL- BURY CONTINUED co. OPERATION IN MATTER (ay Associated Press) TALLAHASSEE, Jan. 25. —William V.: Albury, mem- ber of the house of rep- resentatives of |= Monroe county, today interviewed W. P. Mooty, newly-ap- pointed member of the road board for the fourth district The Key West Citisen — KEY WEST, FLORIDA, WEDNESDAY, JANUARY 25, 1983. Scrip And Barter :: America’s New Money Substitutes Prrvyri rir rrrriiirrrri errr rit iri itr By J. R. BRACKETT (By Associated Press) NEW YORK, Jan. 25.—Always on the hunt for more money, men have made it out of everything from fishhooks and cheese to gold and faith in government. Today, in some parts of Ameri- ca, even the promise to pay in |goods and services is being made into money. This is the money used by the nation’s unemployed in their barter and exchanges, about 150 of which have been or- ganized in the United States since the depression. This money is scrip, simply a promise to pay the bearer goods and services, Yet, while the unemployed seek to make more money, the United States in recent months has had more money in circulation than at any time in its history—that is, more coins and bills. There is more in circulation today than there was in 1929. What is this paradox? As Prof. Ray Rogers, of New York University, points out, the paradox is simply that the money that circulates in the form of bills and coins is but a fraction of the total stuff that is used for money. The major part of our money is , For 53 Years Devoted to the Best Interests of Key West PRICE FIVE CENTS Red Cross Unit Successful In Treasure Hunt; Chart Reveals ‘Accessory Charge Against Halloran By Winnie Judd Dismissed Today By Judge Superior Court Judge Niles MOVE STARTED TO RELEASE CAPONE murder against John Hal- loran, who was charged by Hiding Places; $6,000 Found — R. F. Leigh, Eccentric, Hanged By Two Youths When He Refused To Re- veal Spot od (By Associated Press) LITTLE ROCK, Jan. 25.— A treasure hunt in which the American Red Cross had day netted approximately $6,000 in gold and currency from hiding places on the of the south, regarding sup- port for road 4-A, and re- ceived his assurance of the continued cooperation of the road department in the mat- ter. NOT MUCH ROAD AND BRIDGE WORK ~ TOBE EXPECTED FLORIDA HIGHWAY Commis. SION HEARS DELEGATES FROM ALL PARTS OF STATE URGING NEW ROADS one life was believed to have been lost. Snow drifted high in the mountains of Oregon, Wash- ington, Nevada and Cali- fornia. A score of Nevada legis- lators were prevented from reaching the capital at Car- son City by snow-blocked highways. DISTINGUISHED... VISITOR FEW HOURS HERE DONA CONCHA >HERES, WEALTHY WOMAN 0 F SPAIN, STOPS OVER | YES- ‘TERDAY FROM HAVANA (Ny Associated Press) TALLAHASSEE, Jan. 23.—Of- fering little hope of undertaking any new construction work this year, the Florida highway commis- sion today heard county delega- tions from all parts of the state to urge inclusion of all road and bank deposits. No Shortage Of Money On June 30, 1932, total bank de- posits stood at $41,963,000,000 At the same time total bills and coins in circulation totaled about $5,500,000,000, If all the deposi- tors suddenly asked the banks for their money it would be utterly impossible to satisfy the demand. There is no shortage of money; rather, there is a shortage of cir- culation of money, Rogers says. Professor Rogers explains that the bills and coins amount in effect to the nation’s change. The bank deposits are the most important money. Money nowadays thus is based largely on credit, on faith that de- posits may be turned into bills and coin and ultimately into gold—and there is only some $12,000,000,000 of monetary gold-in the whole worlds +» Swapping Came First To reach this point im money’s development has been the process of thousands of years, First man simply swapped goods for goods, or goods for services, a method he has never completely ceased using. Then he tried co.amodity money, A bushel of wheat, for instance, may be used as a standard to The history of money from the days of pure barter to the pres- ent complicated gold standard is shown in the above representation of thé Various kinds of moneys man has used, including the latest sug- gestions for revolutionary changes in the exchange system. The pic- tures of coins are from the collection of the Chase National Bank. j her in the disposal use fishhooks, cheese, rock salt, to- bacco, animal skins, nails, soap, spices, gum drops, woodpecker scalps and a multitude of other things which could be and were used and therefore had value in themselves. After commodity money came various forms based largely on their vanity or ornamental values. There were strings of beads, tiger claws, pieces of stone, pretty glass, About the same time, but gen- erally somewhat later, various metals came into use: copper, brass, iron, silver, platinum and gold. “Then developed the change from which modern monetary systems have grown. “Governments put the metals in yaults and issued pieces of paper promising to pay the bearer in the metal.. At first, each piecetof pa- per had to be backed: by an’ equiva- lent amount of: metal. Then the system became more elastic until today in the United value other things. Or he might;States a Federal Reserve note is Dona Concha Heres, wealthy woman of Spain and prominent in the social life‘of that country, was an arrival on the S. S. Florida from Havana yesterday. ‘ She is honorary president of the Centro Asturiano and was met on her arrival in Key West by a delegation of that organization = Feliciano Castro, Spanish con- sul. After a ride over the city with the committee, viewing the points of interest, Mrs. Heres left: over the Past Coast. for New York where she will embark for her na- tive home. Noted for her philanthropy and charitable deeds, one of her latest bridge projects in the 1933. The commission told all delega- tions it expected to have little money for any new work, since completion of unfinished projects from last year’s budget. Payment of bills and mainten- ance of present roads and bridges will take almost all of $10,000,- 000 in anticipated revenue this year. YEARS OF CARVING BEAUTIFY CHURCH gifts was the sum of $100,000 to|30 YEARS WEEKLY WOOD- the Centro Asturiano organization in Spain. CARVING HAS BEEN SUPERINTENDENT [PROVISION IN "OF LIGHTHOUSES | VETS’ TRANSFER HERE FOR VISIT SENATOR FLETCHER INFORM- H. L. BECK OF SIXTH DIS- ED OF MATTER DEALING WITH APPLICATIONS TRICT WILL LEAVE TO- NIGHT FOR TORTUGAS ON TOUR OF SIGHTSEEING (Special to The Citizen) WASHINGTON, Jan. 25.—M. Bryson, manager of the Veterans’ Administration Home at St. Peters- |burg, Fla., has informed Senator Duncan U. Fletcher that applica- H: L. Beck, superintendent of the Sixth Lighthouse District, with headquarters at Charleston, S. C.,|.. tions of veterans to ve transferred arrived his afternoon from | from other homes to the new home Charleston on the lighthouse ten- at St. Petersburg cannot be given DONE WORK ON AIRPORT (Ny Ansoctated Press) DULWICH, England, Jan, 25.— For 30 years a weekly wood-carv- ing class has been beautifying the TOSTART SHORTLY ; RELIEF COUNCIL FORCES! and still the work goes on. The class, made up of parishion- WHLL HELP CLEAR ers, was started in Gccker 1902. AWAY GROUNDS So far the class has carved the ‘pulpit, the organ case, the chancel sereen and a portion of the oak Work on clearing the site for| Panelling around the walls. the planned Municipal Airport is! expected to be started within a| Relief Council Now Has short time. Men employed by the | 230 Men Engaged In Work Unemployment Relief Council of Monroe county are to do part of ae the work. There are 230 men working to- Those who conceived the idea; ay throughout the city, all of and secured the lease from the! them being under the supervision city council and board of pubjic| of the Unemployment Relief Coun- works plan to have the port inj cil. readiness in the shortest possible} They are at work on 10 differ- time commensurate with good! ent projects outlined in the beauti- grounds and runways, and sub-/ fication program of the council. stantially constructed buildings. | Others are expected to be put to bs ae ——— | work before the end of January. BEAUTIFUL ROSES $1.20 PER DOZ. We Deliver South Florida Narsery PHONE 598 SWALLOWS THIRD PIN NEW YORK.—The third jsafety pin he has swallowed within ja month has been removed from, jthe throat of Samuel Schwartz, 17, jof this city. open der Cypress. Mr. Beck will leave tonight on the tender Ivy for Tortugas light station and other points in the vicinity on a sightseeing tour, re- turning tomorrow. He will also confer with W, W. Demeritt, sup- erintendent of the Seventh Dis- trict, on matters pertaining to the service, The Cypress brings a load of! wrought iron material salvaged from structures in the Sixth Dis- trict. It is to be unloaded at the submarine base and will be used} in local waters. Florida Sails For Tampa Carrying 14 Passengers The Florida sailed for Tampa last night with 14 passengers and freight. She arrived from Havana yesterday 3:45 o'clock in the afternoon with 65 passengers, six aliens. Freighter Pawnee, of the Clyde- Mallory lines, is due in port to- morrow from New Orleans en route to Miami and Jacksonville. STEALS FALSE TEETH WAYCROSS, A negro patient in a hospital in this city stole a set of false teeth from a fellow patient and sent them home to be available when he got out favorable consideration until after the home has been organized and in operation six months; and, also, that applications for admission of former members of other homes cannot be given favorable consid- eration until after a lapse of six months from date the veteran was discharged or dropped from rolls of the home of which he was last a member. LOST ANYWAY HANLIN TOWNSHIP, Mich.— Retunning from a party at which he won a goose, Ernest Hirner, of this section, discovered that some thieves had stolen all of his chick- ens. backed by only 40 per cent gold, and bank deposits, of course, have a much smaller theoretical gold value. What the next step will be is a puzzle for economists. The com- plete elimination of gold has been suggested by some as a possibility. Prof. Irving Fisher of Yale univer- sity has urged the adoption of a money based purely on faith, its value regulated according to an index of commodities. Many economists doubt that scrip will ever become a money of national importance, although its use may spread as barter grows. Suggest Energy Money Two of the most revolutionary of recent suggestions have been for a money based on electric en- ergy and another for a certificate of exchange: based on all energy. Neither would have any value ex- cept'in exchange for goods. But the opinion of the economist of one of the nation’s largest banks is that money will continue to evolve through the same process of | trial and error that has brought it to its present state. GUNMEN SAID TO HAVE FIRED UPON -CAPONE'S SISTER REPORTED TO HAVE BARELY ESCAPED DEATH; INVESTI- GATION OF _ INCIDENT STARTED IN CHICAGO (Ns Assoctated Press) CHICAGO, Jan. 25.—A _ zeport that Mrs. Mafalda, Maritote, sister of Al Capone, former gang lead- er, barely escaped death when four Winnie Ruth Judd, con- demned slayer, with aiding of the bodies of Hedvig Samuelson and Agnes Leroi, which were found in a trunk in a_ Los Angeles depot. The judged termed the state’s case inconsistent, and said a “trial in superior court would amount to an idle ges- ture and expense to tax- payers of this county.” He added, however, his order was not final. “If new additional — evi- dence is discovered,” the judge said, the “county at- torney may file before any magistrate in his county identical complaint against the defendant.” Inconsistency in the state’s case arose, the judge said, from Mrs. Judd’s _ testi-j mony. | NO TRADING AT FRENCH EXCHANGE BOURSE TIED UP TODAY AS RESULT OF STRIKE BY BROKERS | | (By Associated Preas) PARIS, Jan. 25.—The Bourse it tied up today by a strike of brokers who refused to quote prices in a protest te the chamber of finance today dismissed the charge of accessory to the crime of FEDERAL JUDGE DISMISSED ' PETITION FOR WRIT OF farm of R. F. Leigh, aged recluse, who suffered tor- ture and hanging rather HABEAS CORPUS IN CON- NECTION WITH GANGSTER (By An#vciated Press) ATLANTA, Jan. 25.—Federal Judge Marvin Underwood today dismissed a petition for a writ of habeas corpus whereby Al Capone, former Chicago gangster, sought his release from federal senhen tiary under the statute of limita tions. Capone, who was convicted of violating the income tax laws, was sentenced to 10 years. In his bid for freedom, he alleg- ed that the three year ‘claase, uh- der. the statute of limitations, ex- pired before he was indicted on the charges. CAMPBELL AND DON, RACERS, ILL WITH FLU than reveal his secret to any- one else. Directions for finding the money were contained in a letter left by Leigh to be mailed to the Red Cross, beneficiary of his estate after his death. Two youths, Jesse Har- dester, 17, and Aaron Moody, 23, confessed, police said, that they killed the ec- centric recluse December 29, in an‘ effort to force him'to ~ He was hanged to a rafter of his barn with the secret left irian unopened letter, and the youths found only a few dollars and an old watch. : AUTO SPEED KING STARTS INJURED SEAMAN bullets were fired in her direction,| committee's action, -in tearing TRIP FROM ENGLAND WITH DAYTONA HIS GOAL. DE- SPITE HIS,CONDITION BROUGHT TO CITY MEMBER OF TANK SHIP TAK- EN TO MARINE HOSPITAL FOR TREATMENT (Ny Associated Prenn) \ LONDON, Jan. 25.—Two of England’s speedsters, Sir Malcolm Campbell, automobile racer, and Kaye Don, motorb oat racer, have of the ship’s company of the Em- fallen victims of influenza. |pire Arrow, tanker of the Standard Campbell, determined not to) Dock and Transportation Com- delay an attempt to break his own | pany, hse ct hae oo world automobile speed record of | ™orning from the vessel suffer- 253 miles an hour, left for South- rit ba @ badly smashed right ampton to sail for New York and| ‘The accident happened four Daytona Beach, the scene of his; days ago and the foot beeame so forthcoming trials. He had a tem-| inflamed it was decided to send Hemming Brinchman, member was under investigation by police today. The report published in a news- paper said the shots were fired by gunmen from an automobile while Mrs. Maritote and her nine- months-old daughter approached her automobile following a visit with her husband’s parents.” COMMON NOWADAYS PONTIAC, Mick.—Arne Ibsen charged in his divorce suit that he returned home one night to find his wife shooting craps with two plumbers in their home, and the game cost her $50. TO THE PUBLIC OF KEY WEST _The management of The Palace Theater's at- tention has been called to a rumor to the effect that this theater will close. In answer to this rumor, we want the public to know that the Palace will con- tinue to do business and give the people of Key West the outstanding pictures at lower prices. Further- more in the near future work will start on another new modern up-to-date theater to be located on Duval street. perature of 103. Don, who made an unsuccessful attempt to break the automobile record at Daytona Beach in 1930 and then took up motorboat racing has been ill several days, but is re- ported better today. down government’s contem- plated economies. Police reinforcements watched the scene. There was no trading the Bourse. Warns Of Revolution Unless Aid Is Given To Agriculture WASHINGTON, —— will have a jrevolution in the country- than twelve —A' warning of revolution in the farm belt unless con-} Bide te less : jmonths,” said | O'Neal, president of the culture, was served on the} American Farm Bureau Fed-| senate committee today by) eration. the heads of two big farming} The “biggest and finest organizations, as hearings|crop of revolutions you ever; opened on domestic allot-|saw are sprouting all over gress enacts aid for agri- We thank you. MANAGEMENT OF THE PALACE THEATER. ment price boosting the|this country right now,” said| measure. “Unless something | John Simpson, president of | is done for the Americanithe Farmers Union. the patient to a hospital. Advised by radio the Porter Dock Company sent the tug Petrel, with Captain A. E. Sharpley in command, to meet the ship and the sufferer was brought to Key West. Arriving here the Pritchard ambulance was secured and Brinchman taken to the Marine hospital. Patriotic Order Of America Plan Meeting An important meeting of the Patriotic Order of America, will be held tomorrow night at 7:30 o'clock, and it is expected that a large number will be in attend- ance. Edward |f STRAND THEATER The Home Town Theater Today Double Feature THE UNHOLY GARDEN See Page 3 for Reader on This Picture ——elso—— FRISCO JENNY Matinee, 10-15¢; Night, 15-25<