The Clinton chronicle. (Clinton, S.C.) 1901-current, April 13, 1933, Image 6
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IHE CLINTON CHRQNJCLE.
CLINTON. S. C. '. **
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THURSDAY, APRIL 13, 1933
J V. MORGAN ft CXK. N>wl York |
• l•arlk»•l•K. are In for an luvestlca-
tion hv • comiBittee of ihe I’nited ;
States senate, and a c<‘uiiuUtee hacked ,
by all the auflurrity which that august. ;
b«Mly can jfi'e. 1
Without debate, the ui>i)er rhaiiib^ I
adopted the Fletcher resolution ea-
tending wide i*ower to the banklnf
Roosevelt Plan on Farm Loans Calls for Two Billion Bond | -““T.
RfMtscvelt has sponsored. i
ITS ALWAYS
Issue—30-Hour Week Proposed for Workers—
^ The Akron Disaster,
F nTjjowiN’n the rendln* of a brief
special nie^sa;:e on the subject •from
the President, Senatt»r Robinson of
Arkansas Inf.rodttced the ailniinisli'a
tion's farm mort;:!ii.'e
retinancipy bill whit h.
r-+he
hill. Is dcsiaiied to liff*
the fanners <<ur of
the slou^di *»f <h'i»res
sioti.
The hill provides
f<»r issulri" hv Ho*
farm I",*111 itnnks of
bonds -to (he cxleid
of !«i:.nnn.o<Hi.(MK». on
which the yovernineiit
gnaraTitees the inter
est payments, 'I'he
honds, or tlie mnni'v derived from their
sale, are to he us<><l hy the farm loan
haidcs for the pnr|MJse of takinp over
the farm tuort;:a;;e8 on which the ln>
dustry to adopt the thirty-hour w^ek
and penalize interstate movement of
pr(,*dnets made by labor working lonf-*-..!
I'he residutlon was drafted by Fer
dinand IJ-et'ora, committee counsel,
with a view to obtaining all the sen
ate's constitutional [)ower over Inter- I
Slate couitii,erce, hanking “’and tai mat
ters for the coininittee.
Pe<*ora told the committee he had
GOOD BUSINESS
er hours. J sulmiitied twenty-three questions to the
Rlack expressed confidence the hill |> Morgan firm and that <»ti advice of ■
would t»e upheld by the T^hTfcd SfaTei t .tntm W: tnixis.^s counsel, the bank* f
TO USE
Siioreme court.
k
_Tlic Alahuma senator said the hill
\\it!ild not acconipllsli its piinwise If J
it resulted In redacti(Ui of wage levels j
•;k well as hours and expressed The '
Ing house had refused to answer one
and taken several others under con
sideratlon.
li' lief that. If Industry attempted to ‘
J^K.SITTF the Hitler gove-nment’s ,
Senator
Robinson
redi'ce wages, congress would net. "l,a
hor has been urnhTpald atul capital
overpaid,” he said.
Rorjili said he was “In thorough ac
cord with the i)rlnciple of this bill and
I’m not HO sure tliat we’re tiot going to
! have to come to It.” Ills argument
revolved around whether congri*ss had
the power to take action.
^HE country’s great loss in the de
stnictlon of tlie Akron is not tlie^
rates cajimit..he. pf thg" TimrrB’ grm qirlgTtttg:‘'‘but h—"-Ttrtr
lit. ! -.i .. .. ......
dropping of the hoycotfl again.-^t
(Jerman .Jewry, the Nationall S<»chjlist
party will keep its .boycott' machine j
intact. Hi.sappointed at' iieing de-';
prived of Hie boycott, Nazi, auxiliary
police raided u .lewisli quarter in Her- |
lln. Accompanied by regular [lolice, '
tliey searclied everywhere for weapons [
and pafiers; Streets were closeil and ;
pedestrians were slopped. ICven wor- i
shippers leaving synagogues were
halted. Persons not carrying double ,
Identification cards were arrested.
i..
per cent.
• ’J'he expectation is that with money
av.iilatilc to settle with his ciedllor
of the 74 officers and men who went
down with tier in the
. , . , storm off the coast of
the fanner can scale down uio r a^ei
quarters at Munich announced that j
*'all ilerman stores in the near future ;
will he supplied with big placards
“TtpnP of^Trtw'debt To "H T’OTt^tfern+de
tent. Henrv .Morgenihau, .Ir.. gover
nor of the new farm credit adminis
tration. believes mortgage Indebted-
ne.>Js may la* .scalc'd down in two ways.
A mortgagee, willing to settle for casli
or bonds at 7b or NO [ler cent of the
principal, could c\<*hnnge the tnort
gat'c (Ui fliai basis for land hank
bonds. Tlie bank then would retiname
the farmer at 4Vj I'cr <ent.. <>r a
tanner making a comiiosition with his
creditor could bori'ovv the funds tor
settlement from the land hank,
Op|'"^llion to the legislation revolves
around two arguments. One Is that
It will he an indm-ement to tanners to
ilefaiilt in tlie paymi*iits on their pres
cut mortgages in order to persmide
Ji.ortgagees to settle fit less than face
value. 'I'Ik*'other is that such a vast
jalion of 4 per cent honds would
<k..
teialMyi deniorsilize the hand market
iitid reiunviiufavoriihly on hanks and
insurance r«hupanh*8 with large homi
Itortfolios. The tnqtiirily of the bonds
Is to he fixed hv Ibexjand tiuiiks ami
prohahly will he fib or 4fi^yenr8.
Stated hrielly. the maiiy^provisions
of the farm finance hill are ns fmki^'s
Fcd.'iiil land liaaks «r, uu.(horlr.ed t»>
l^siie up to $2,<'(a>.(ltu».<at0 in 4 per rent
IxokIh, intere.xt Kuaianteed by govern
nitoit
■flu' same b.vnk's maid imrohnse first
iTHirfuaKrH on farm land or exchaiiK**
l«i.iii|s for f lo-n; ^
.'I'lie ticasniy la anllioriKed to sub
K ribe fio.oao.aoo to tlie ’paid-in wur
plus of tbe banks.
Iiitm-st i.'ito on loans on morlKUSes
rtiall no' 4'«j p.-r c-etit.
A total of JI j.tUai.taMi would lie svail
ablo I ro.ui the lr«*aMiry to rniiipfiisate
irrniks for iiiteir.vt irduction
■|'b<; limit on moi't|.':ise loan.s would
Im' laiMii from J'J.'i.iHai to t.'iti.iaio
V lUujit.iry tiijlTTilittbm of Joint sioc^
111 m1 banks Is iirovlilt it
A to'tjil of } 1 ua,(i(iO, lUMI of Itocolisl i'U<‘■
tloii Kiiiaiiee miporalion’s funds is
iiiatie available for loans to farmers
for 1 e-t+miiH-+«i< t4i»4r debts in ^v.-unb-
mlral .Mofftdt, chief of
the aerommtic bureau
of the navy, who was
a passenger on iioard,
with his shipmates up
held to tlie end the
finest traditions of the
navy.
'I’lie wreck of the
Akron, largest of its
kind in the worhl, .wag
the worst airship dis
aster in history 'I’he airship crashed
off the New .lersey coast, twenty miles
off Ihirnegat lightslii|». during a vio
lent electric storm, accompanied hy
way the .Nazis will distinguish between
German and .iewish stores.
A measure forbidding kosher slaugh
tering througiiuut file nation lias been
approval by tlie reich's calunet.
ft
NEW suggestion for a preliinl-
I
Admiral
Moffett
nary cuiifercnce of «‘X[»erts to be j
held in tlie United States to [ircpare
for the world economic conference de- I
veloped at a meeting
In Paris hetweeii Nor
man H. Davis. I’rcsl-
dent Roosevcli’s ani-
bus.sador Hi-large, and
.losejih Faul-Buucour,
tieavy winds and liigli m>us, dense fog i Frinch fori'lgn minis
ter. In tills the French
see their opportunity
and tliiek rain.
Lieutenant Commander Wiley, sec
ond In command of tlie alrsliip, and ! of taJkiiig over war
the two men who were saved owed I
llmir lives to the chaHce Hurt brought
the Herman oil tanker Phoeliiis close
to the scene of the accident a few min-
' nfes afler it lia|>pened. They were
picked up immeiliately hy the Phoebus,
vvliose crew saw others disaiqiear be-
neatli the waves before rescuers could
reach them. Tlie Plioehus cruised
alioiit the scene until ilawn, but wag
nnahle to find iiiiv more survivors or
I
Chronicle Publishing
Norman
Davit
delits. s
Ifike tire'P.rIrish, th^
F'rencli want to wan*^*
gle a debt settlement
before tlie economic
conferencey'onvenes. So fervid Is tliia
desire that Davis exiiressed his dis-
fileasiire that Europe, wltli Its very ex
istence at stake, siiOuld think of in*lh-
i ing else.
Company
Telephone 74
Clinton, S. C.
ft
f
%
Mr. Diivis fv'cls tliat tlie Washington r,
tlK^ep track of the wreckage, which administration lias made ft clear that
vva8>Kt:Hcd swiftly away by the seas. „,^,re are liigger Jolis to lie done-re-
Urst rbpt^t of tlie disaster was re- i ui,,\;d »»f traile harriers, for e-xanqile.
ceived in radio messages from the I So with hopes of calling the ei-o-
IMioehus. Roth coast guard and naval ' ^.,„„..reiice at atr early date
vessels were immediately dispatched j ,1,,. idp.*, of a preliminary
to Thw srene of the wreck and cruised
around for hours in the liope «»f lind-
lug other survivors. The navy hllnii»
.1 taking part In t'lu* seareh, fell Into
the sea. !• ive of Its crew were rescued.
'I'he se:ir<*h was fruitless, and. In the !
ca.se of the ai-cident to the b!imi> J'fi, '
was Itt fated a4so. :—
D
K’l'EU.MI.N’.N'l'lON to end naval air
j<h]j) const ruetiou Is mount i n<
sin'** With provisions of (tie h*‘W bank
riiptcy rrlii f urt.
i;**t'on«!t I 'li't ion Kinani'** <*oi poriitlon
Is a ut borir.c.1 to loan f.'iO,000,000 to
drainay;*', Icvft; and irrigation dtsiricts
to r*'du<'e and rt-finance tli**tr debt.**.
1 lu'Feus**!* 111 e TenTTTng ptTvvFr^of’ lit**
r,f( loe^triH'llon F'inance corporation by
1300.000.(100.
T he numlM*r ef v»*ii*raiis to he af- ■
feeted hy the President's order re- ■
diicing vetenins' benefits will nut lie
Known for some lime. In one way or
another 1f will lie f»*lt by,iiraefleally
all of file Spimisli .\nieriean and i
World war v(*t**raiis. and the widows
tliroiigh H congress intent upon find
ing the real causes of the .Vkron's
plunge into the .At
hintic.
In the .senate .King
(D(*m.. Utah), pre-
pared a resolution
calling for an Invt's-
tigation of the .Akron
disaster and the con
sideration of the Hd-
vlsahility of spentling
more than the SfJO.
(NKI.OtH) that the navy
.•ilrcady has liivestc*!
in ^ I i g h t e r than air
nu*etiiig to agri'e on wdiat is to he
done and liot^^o go about it is niakiii'g
hciHlvvay. ,, ■*
W lien the new Frenvli amliassador
i to tlie United States, .Andre Lefevre
de la. Roulaye. saiieij for .America he
was accompanied hy a treasury cxjiert
To~pn*i 111i-e'TTm ■gi’TTtmTTTnr wtinrr'tTnpls'
tiop*‘s will he a general delits discus
sion.
Ucs|siiisii>le otlicials of the State de-
[>artm«*nt in Wasliingtoii deelared that
reports from I.ondon tliat Mr. Davts
had presented an offer to scale down
Rntalii’s debt to tlie United States by
hjA Ai V i W Ai i —*
RRy 1ft I'Tv U l/P»U I U H I ^ ift 11
foundation.
premier Ramsay MacDonald plans
to sal) for the United States about
April 15 for a conferetu'e with Pres
ident Roosevelt regarding war debts,
w«irid economics and nrmameuL
M ount EVERE.ST at last has lieen
c.
Fr«id Britten
of veterans of the.s** wars now on tlu*
government pension rolls, l»e*iHise ft* craft. Uliirlrman Trammel <if the'sen
reduces tlu’ rat(*s on the gre;it*‘'r fiart ! -ate iiavar.rommltf(‘e also was <*onsfd
of such peri.sioiis as will continue to • ering a study of the accident.
be paid, 'these rediietitins and thus*'1
To’TTeniJriMir'Ol flrvrrrTl^^
will be a fleeted afler .luly 1 of ^his
year. In liri**f. tlu* order makes tin*
following provisions:
t'hairman Vinson of-the house naval
echi-r(7l cn*tdtnt i»*!iHy 1
rayiiu-iif of pen.«iiin.>« nut (1 to
vci«-i;iiiM (1 l.'.aliy *li.w«>a.**e or injur>
loi'iirrt d or .hrki avuted In Hue of duty
ill m l 1 ve >-<‘i vlre
liate-x to lie paid for .service conn*<*t-
♦d disabilities are 10 per ceiil <lis-
abbd. 18 a tiloioh. 33 per ceiii, |20, 50
per <eiit, 140 "a tier l••*llt. I'tiO; Uio per
Cv'tit. J8(i Tliese ar*- 20 per cult reduc-
Ulllii-r pl'es^'Ut Hills
"T^ nVrons aiJl KijTTr.edrao w TdiTws. cbi I ■
dri-ii, aii<l dependent parents of 'Xet
‘‘Ihere won't he any more airships
huilt.-’ . t
'riien* were some, howev**r, not .st>
ri'iidy to yield lM*liefs foiindi'd dqring
many years in congress. .Many had
follow ( (I Repr**s«*ntativ e Rritten of
Illinois, who as Rt‘|iiihli«'iin chairman
of Hie mival committee for .vears had
charge of most of the re**t*iit legisla-
Hoii for airships, iiartieula: ly that aii
Ihoriz.ing the SS.dOiMkkt .Akr«iii-Maeon
^4sfer->.i44j+- team, Jtrit ten- b«« al-
‘vvays (h*clim»d to su|)port iho.se jWjio
Minqueredi Two airplanes have
flown across the--summit and for the
first time in liistocy men hsiked down
ujtpu ibe highest fiVoiintain In .the
vviirld. Tlie feat was aceiMiipIislied
hv tlie Rritish expedition headed by
the man)Ills of Ulydesdale. .,,.A pho-
Togra'i ill er s 11 ceeedetT Jti tilkilTjS’ a liUni-
♦ ran* w»40 4ie4 from frr sMaitd
liH »irr<<l or aRt;ruvattrd in line of duiv
Ka.len «'oiitiiMi«>''an at
in active »«>rvi*'e
presont.
Fayrneiita authorixed for ncyi-aerv
Ice *-on licit *d dlsabilitica and death.-*
of vctciH'iK vvh<> Hcrvcd HO days'in tlic
Fpanieb-.\iiicri<-Bu war, Hoxcr rcticlllon
Philippine iioouTection. and Wofld wai i
provided diaaliility was iota.1 and not
due III, pt-reonal tnisi-ondtict.
• I..Tttcr a'lpvvanrc will not be tiiadi-
t' iinm:irii»d peixma with inclrine of
liiore than D."(U( a .vear or to any mar ;
Tied person or one with minor children ‘
W lio«e ln^«>mc exce* ds 12..300 I
I’custons of wiriitWK and chfbiren *if
Fiwinish-Ainerlcan war veteran* cu} 60
per cent
Kxi'lude* pcacc-tiine veterans from
dom'.cilinry ‘-are. ^
lentits »h.trpiy emergency ' uffli-er* *
p*-tisioii*
bo aliamloiied.
Many members vv»*re un«i«‘eidm) how *
far they vv.snf*'d to go In tlo*ir ban on ,
airships. \lns*m saiit lie ilioughtl
nothiiig shouhl be ^lone to prevent op
eniTiiih of tlie .Mscoii. vvlii<*h is to ttike !
tlie air tojvard the end of the month. •
.Nor (lid he think that the new dirigible |
base at Snntivvilh*. f'alif., vviiere !
fd.iNHi.ikMi had Iwen ex|n*nded, should
he shill down I
her of pictures which. It is hope«l, will
provide an aiiHieiitle n*cord of the mn-
qiicst of tlie '214.1102-1001 mountain, on
tlie sides of vvlilcli numerous men have
jM^rishi'd attempting hy old-fashioned
nieiliods to gain the honor of ^)ci^’g tlie
first to reiwli Hie top.
.Alilntugli exiiaustive {ireparations
had been made for tlie tliglit over
.Mount Evert'St. tlie actmil carrying out
of tlie feat was in a measure accl-
Ttcntart. Wbcir the 4w« sidpg wont «p-
tlie purpose of tJie flyers was only to
make a tc.st. Rut they found condl- |
lions s<» Meal that they turned the
test Into tlie real business. The two
planes flew at .an altitude of approxi
mately I'.n miles and tlie flight over]
the peak r«‘quir.ed three and a half
hours.
'ASn.’?M l.s growing in Great Rrlt-'
ain. INery manifestation of the
Fasel.st 'movement in Italy and (5er-
nmiiy can lie seen in and around the’
luMise where Sir Oswald .Mja-ib'y, mil-1
M
1 H'lliii’.A.N is the tirst state to vote i li'Uiaire would he diet:it-»r has b.i^ed
in lav or of Hie r(*pea! of the
Kl'w:iiteenth amendment \\ iseiiiisiu is
second with a deci.sive vole of 4 to 1
for n*p<*al. 'I'owii and country alike
B iiTH the senate :.ml hoiisi. i/rii-y...,, { fh‘'«‘*pihg Wet majorities.
mder.ng a bid. »f which Senator i ^Tirwanlim*. where the Hrt'werTes are
P.taek -f Al.ihama is Hie author, that went
the Rritish Union df Fa.scisis. TJu*
walling nMim Is a small liyaiiiasinm.!
Physical tralnfiig Is compulsory 'ITKifc
v.«».‘.ld est.ihll>-li a 'thin>-b«»ur work
M*»sl^v hlack shirts, who are _fhe’be
ginnings 4ir the Rritish storm froo(»s. M
wet hy niore Hiiijy Id to 1. \ViKi*uns:n'<lf
fw -cU. AS Hie blU lH mvsutJ^'d d. have Hnieiidmenf c.mventioii
't e c:»:or..4’m..ut oi the l’iv.*4id .'d ami i A|"'H ‘>5. It
Is predicted that practically cii the
delegates will be committed Iv nqieal.
In ‘'Hchlgaii, hut one county ejected
nre reqirtrrrt trr brrx. -fenrr -nr
<^w’’ce weekly.
the apeeml appnfvai of '-tv‘<*r*t.ir.v ol
l.alwir. M‘. n Pi*r'riiis, It Is ^x|.3Cl»*d to
•“lb Itoua^a^
TI;e bill vvoiPur cohipet iitlvaie In
•\
'file bfiick shirts form tiie iiucb>ii.<i
of Mosley's •‘army,” They liave au'|
anxiliar.v In the gray shirts, who.can
not give .ns much time to pltys^cBl
inii'ning ns the hli^k shirts 'mt utva
tiave ,'i hi:: pl.*iec Tfl the str<..2£ arm
rj3;( vv *.':u«*rii NVw Kiiuuvr bigaa.
AWAKENED
. Mystery
. Suspense
• • • • • SlTld
“ Jos’Ce, as Khe-opene(HTerT>yes“07iirha1rTnETn(|rahle ‘ni^liiiii?, gfjUally
surprised at the warm, flower-scented air, at the* luxurious sleeping porch
where she lay and at the diamond circlet on her wedding finger.
Was she married? Was it summer? Surely the fruit-laden,trees she
could see were not in Chicago—this silk-covered bed was not a hospital
cot. Yet—the last thing she remembered was a skidding taxicab on a sleet
ing November day in Chicago. ^
And when a man came and sat on her bed and kissed her goodbye for
aJiurri^dJbusiness_lnp^ telling h be cai^eful after her fall from her
horse the day before, her~mystlfication was complete^
So she was married, s
I t*
Later she discovered from her toilet articles -that her initials are
F. L. P. . . . and that the house she lived in was rich-^and beautiful.
IT’S A MASTERFUL STORY . . . MASTERFULLY TOLD,
BY ELINORE BARRY
,— 4
If You Miss a Single Installment . . . You will Regret It, It’s That Gripiping
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