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Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, May 28, 1933, EARLY SUNDAY EDITION, Image 1

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Committees OkeK Cancel on Gold Clause
House May Begin Its
Debate on Bill
The administration's resolution to
cancel the gold clause in existing
contracts and make all obligations,
public and private, payable in legal
tender money was approved today
by both the house and senate bank
ing committees, assuring swift at
tempt for congressional enactment. ,
May Come Up Monday
The house committee vote, after
a short closed session, was 12 to 1
4—and a move was undertaken to
get it before the chamber itself on
The senate committee voted to
report the important legislative
proposal fl to 3, after rejecting by
only, 7 to 6 an amendment to
eliioiBate obligations to or from
therlj United States government.
This amendment, offered by
Sen. Glass (D-Va.) was designed to i
require payments in gold on gov
ernment bonds and war debts due
tiie United States government.
Committee approval came in an
executive session of an hour and a
half, during which Dean Acheson,
new undersecretary of the treas
ury, explained the measure to the
The three senators against the
resolution in senate committee were
Glass. Kean, (R-NJ) and Gore
The new bill declares that re
gardless of demand in any contract,
past or future, for payment in gold,
any and all coin and currency of
the realm shall be legally usable in
“Ratifies Fact”
Sen. Glass (D-Va.), staunch de
fender of the gold standard, pro
tested immediately, saying if there
is any integrity left in the courts
with regard to the sanctity of con
racts they will hold the bill un
Pres. Roosevelt explained it as
formally ratifying, by legal decla
ration. an already existing fact.
With gold barred, the United
States debtors have been paying in
currency, and the payment nas
been accepted generally though at
tempts to force gold payment to
bond holders at home or abroad
have been expected.
PITTSBURGH, May 27. —(/Pi
Police said today they fear Mrs.
Helen Hargitt Thevenow, recent
bride of Tommy Thevenow, utility
infielder of the Pittsburgh Pirates,
has drowned herself.
They dragged the Monongahela
river below the 22nd street bridge
where a purse and coat answering
descriptions of those worn by the
niissing woman wrere found.
The purse, bearing the monogram
tjjjt was identified today by
John Dodds, manager of the ap
artments where the Thevenows
live, as belonging to the ball play
er’s wife.
Mrs. Thevenow left her rooms
Wednesday. Police said Thevenow,
rpDorted near collapse, told them
Ey had quarreled.
She was married to Thevenow in
Madison. Ind., last February.
Harry Maginn found the purse
and coat. He told police that early
yesterday a woman wearing a coat
resembling the one he found, had
nassed him on the bridge.
H Because of his nervous condi
tion two detectives remained with
the ball player all last night, ,
$5,009 FROM
Bandit Boards Auto
At Boulevard
DALLAS, May 27. —A gunman
who boarded Thomas B. Matney’s
automobile at a Boulevard stop here
forced him to drive out of the city
and then robbed him of $5,009 in
currency, the retired business man
informed police.
Matney explained that he had
drawn the money out of a Dallas
bank about 10 days ago in expec
tation of transacting a deal involv
ing some land in wrest Texas. He
said he had been carrying it in a
purse pinned inside his shirt.
“Hello, Tom, I’m in a jam and
you've got to help me,” Matnsy
told police the gunman said as he
climbed into the car late last night
at the Boulevard stop. Matney said
he had never seen the man before.
At the point of a pistol, Matney
said he was forced to drive out on
the northwest highway near Love
field. A car that had been trailing
his drew up as he stopped. Two men
were in it.
“Well. Tom. I hate to do this but
I guess I’ll have to shake you down,”
Matney quoted the gunman as say
ing. Matney said he handed over
his pocketbook. containing $9.
“Don’t make me laugh. I’ll do the
searching,” the gunman said, pro
ceeding to ransack Matney’s cloth
ing until he found the purse with
the $5,000 in it.
Chicago ... 003 001 4 3 0—11 19 0
New York. 200 100 0 12x—15 14 2
Lyons. Miller, Durham; Brennan,
Moore, Brown, Pennock and Dickey.
St. Louis-Washington — wet
Detroit . 000 002 000—2 5 0
Philadelphia . 010 012 lOx—5 7 1
Marberry, Herring and Hayworth;
Freitas, Grove and Cochrane.
Cleveland .... 002 013 000—6 7 0
Boston . 000 000 000—0 9 1
W. Ferrell and Spencer; Brown,
Welch and R. Ferrell.
New York - Pittsburgh — wet
Brooklyn .... 020 000 100—3 9 1
Cincinnati .... 100 003 OOx—4 7 2
Benge. Shaute and Outen, Suke
forth; Kolp and Hemsley, Manion.
Boston - Chicago — postponed,
World’s Fair.
Waggoner Unchanged
FORT WORTH, May 27. (JP)—
There was no change this morning
in the condition of W. T. Waggoner,
81, capitalist-sportsman, critically
ill after a brain hemorrhage, Dr.
Hodges McKnight reported.
“Mr. Waggoner spent a restful
night and is able to take nourish
ment,’’ said Dr. McKnight. “But his
condition still is very serious*’* 1
Heavy Repeal Wave
Predicted By
RENO, Nevada, May 27. (JP)—
Nevada’s reputedly liberal-minded
voters turn out at precinct mass
meetings today to express them
selves on proposed repeal of the 18th
Prom Reno, in the northwest,
across the state to Ely, eastern cop
per camp, and south to Las Vegas,
near Boulder Dam, a repeal wave
was predicted by most observers.
The prediction was based on a
three to one popular vote of a few
years ago in favor of a repeal res
olution directed to congress by the
legislature and the fact the state
removed its own prohibition laws
in 1923.
WILMINGTON, Del., May 27. (fly
Their interest aroused by aggres
sive campaigns, voters of Delaware
today registered their attitude on
prohibition repeal.
The little state elected 17 dele
gates at large to a convention in
Dover June 24 to determine Dela
ware’s stand, wet or dry.
Dry leaders made a determined ef
fort to keep Kent, Sussex and rural
New Castle counties dry. Wilming
ton, in the latter county, was wet
territory and nearly half the vote
in the state is usually cast in this
26 Years Given In
Kidnaping Charge
DENVER, May 27. UP)—Federa:
Judge J. F. Symes today sentenced
Carl W. Pearce to 26 years ir.
Leavenworth penitentiary for con
spiracy to kidnap Charles Boettcher,
2nd, wealthy young Denver broker,
and hold him for $60,000 ransom.
Judge Symes sentenced Arthur
Youngberg. Winnipeg, Canada, rail
roader, who guarded Boettcher in a
Chamberlain, S. D„ L%le out, to 16
years on a conspiracy charge and
16 years on a kidnaping charge, the
sentences to run concurrerttly, and
fined Youngberg $1,000 for using
the mails in an extortion attempt.
Arkansas County
Rules Cut Beer
LONOKE, Ark., May 27. UP)—
Despite the fact it had a mayor and
a chief of police as "character”
witnesses, 3.2 per cent beer has
been ruled out of Lonoke county.
Circuit Judge W. J. Waggoner
permanently enjoined Bert Wilker
son and N. B. Whayne of England,
Ark., yesterday from selling the
new beverage. Mayor W. O. Williams
of England and his chief of police.
C. W. Whayne, brpther of one of
the defendants, testified the beer
was "certainly not intoxicating.” The
England city council by oral res
olution had authorized its sale.
Baptists Pledge
Dry Drive Support
unrelenting campaign against pro
hibition repeal was approved today
by the Northern Baptist convention.
It adopted a resolution saying:
“The battle is on. We dare not let
up in this contest with the forces
of corruption and evil’*
Master of Millions Weighs Reply
» — ■ "■ ..
■ ■' -. 11 ■ ■■■■■ II ■■■■ II II ■ I. ,
Here is a striking study of J. P. Morgan, titan of finance, as he stud
ied a memorandum before answering a question for the Senate Com
mittee investigating the practices of the most colossal private banking
structure in history. Standing behind him are Senator Millard E,
Tydings (left), member of the committee, and John W. Davis, formei
Presidential nominee, Morgan’s attorney.
Society Leader Found
With Her Head
FLINT, Mich., May 27. —(JP)—
Mrs. Bruce MacDonald, wealthy
widow of the former cashier of the
First National Bank here, was
found slain this morning in her
home in a fashionable residence
district. Her head had been crush
ed with a heavy weapon.
Police immediately began a search
for Mrs. MacDonald’s son, Balfe,
17, who had been in the house
last night.
Mrs. MacDonald, about 50, had
been prominent in civic and social
affairs for many years. Her hus
band died 12 years ago.
Detective Charles Rabb, who said
Mrs. MacDonald had called him to
the home yesterday to discuss mat
ters concerning the son, said the
youth had threatened to kill him
self because he felt his mother was
exercising too rigid control over
Six Months Given
In Attack on Judge
LE MARS, Iowa, May 27. (JP)—
Martin Rosburg, 45, was sentenced
to six months in Plymouth county
jail today for his part in the at
tack and threatened hanging of
Judge C. C. Bradley, 53, here April
27 by farmers irate because the
judge would not agree to waive all
mortgage foreclosure actions pend
ing in his court.
Rosburg’s sentence was the heav
iest imposed by Judge Early Peters
upon the six farmers who yesterday
pleaded guilty to participating in
the attack.
‘Ma’ Frees Ten
AUSTIN, May 27. UPy-Gov. Mir
iam a. Ferguson today granted four
full pardons, three conditional par
dons and three general paroles to
inmates of the Texas penitentiary.
Full pardons went to Pearl Dumas,
Bastrop county, violating liquor law,
two years, convicted in March, 1932;
Ned Crenshaw. Nacogdoches coun
ty, violating liquor law, one year,
convicted in January, 1933; Joe Mc
Million, Ellis county, violating liquor
law. one year,, convicted in February
1933. and Burley Shipp, Bexar coun
t robbery by assault with firearms,
10 ears, convicted in February, 1930.
Brownsville and the Valley:
Mostly cloudy Saturday night and
Sunday with moderate tempera
Norwegian Boat Falls
Into Hands Of
HONG KONG, China, May 27. OP)
—Fourteen Chinese passengers who
seized the Norwegian steamer
prominent at 2 a. m., Thursday,
shot the captain in the leg and held
the other officers prisoners, ran
the vessel aground last night in Mirs
Bay, near this city, and escaped as
police fired upon them.
The ship was seized while near
Parcel island and reefs in the
China sea.
Captain Wounded
Second Officer George Jensen
was on the bridge when one of the
pirates covered him with a revolver.
He grappled with the man and
threw him to the deck, but was im
mediately surrounded and overpow
ered by the other pirates.
Capt. H. Jensen heard the com
motion and thinking it a coolie
fight, entered the fray with a club.
He was shot in the leg.
The other officers then were
bound up, with the exception of
Chief Officer O. Jensen, who was
ordered to navigate the ship. The
engineers were forced to remain at
work in the engine room without re
lief while the vessel proceeded to
ward Hong Kong.
Entering Mirs bay, a police launch
signalled the ship, but the pirates
did not reply and extinguished the
lights. The police threw a search
light on the vessel and opened fire.
The raiders then took the wound
ed captain, the chief engineer and
the compradore (native commission
merchant, intermediary for a for
eign business firm) to the bridge,
warning them that if the police did
not cease firing, all the officers
would be killed. The chief officer
appealed to the police, but the fir
ing continued. _
Escape Police
The police desisted after the chief
officer was lowered in a boat and
sent alone to again warn them.
The pirates then ran the steamer
aground and fled in boats without
booty, taking the chief officer and
second engineer as hostages. They
released them later in the hills.
The compradore and five other
passengers also had been tied up
preparatory to being carried away
for ransom, but they were left on
the ship.
Dean Law Violation
Testimony Is Heard
DALLAS, May 27. —(JP)— Bill
Singletary testified at his trial for
violation of the HDean law today
that when he openly sold city of
ficers several bottles of beer he was
confident it would test less than
one per cent.
He said he was advised by New
Orleans salesmen and relied on
their information that the 3.2 per
cent beer he sold at his downtown
cafe actually contained one per cent
alcoholic content by volume.
£. W. Holma, a chemist, testified
he analyzed four bottles of the
beer and, by volume, they tested
13.76, 3.76, 3.70 and 3.64 per cent.
$1 TO $10 ON
Cotton up 85 Cents
To $1; Wheat $
t Up 3 Cents
NEW YORK, May 27. —(JF)— A
smashing rally in stocks, a boom
for commodities and a sharp dip
by dollar exchange today measured
the reaction of financial markets
to proposed erasure of the gold
clause frora public and private
debts totaling roughly one hundred
billion dollars.
Nears Record Voinme IfW
Trading on the New York stock
exchange, where prices rose $1 to
more than $10, approached record
breaking volume for • a Saturday.
At 12 o’clock noon, closing time,
the ticker was half an hoifr be
hind the actual market, mu* ad
vices from the floor said final
prices were strong and that most
issues had finished near their
highs, despite late profit-taking,
sales approximated 4,310,000 shares.
Although it was pointed out
both here and in Washington that
Pres. Roosevelt’s measure regular
ized a conflicting situation, Wall
Street found itself bitten by the in
flatory bee and threw huge sums
of money into the share and staple
Whirling upward in an opening
that saw blocks of 1,000 to 25,000
shares change hands, the market
billowed still higher, pausing now
and then for profit-taking, but
s^rltly absorbing sales. Wheat, up
around 3 cents a bushel when
trading began at Chicago, was
holding most of its advance as the
closing gong rang on the stock ex
change. New York coicon, climbing
to the highest level since last Aug
ust, finished with net gains of 85
to $1.10 a bale.
Speculators in silver pushed that
metal sharply hiher, the spot quo
tations being *34 1-4 cents an
ounce, up 1-4 cent, while futures
rose more than a cent. The May
sugar delivery' on the coffee and
sugar exchange sold at 1.71 cents a
pound, the best price in three and
a half years; sugar futures closed
with moderate gains. Lead touched
4 cents a pound, highest since
1 to 10 Point Gains
Final quotations clicked out of
the stock ticker at 12:30 p. m.
giving the following last prices.
Union Pacific Railroad $112, up
$10.50; U. S. Steel $53, up $1.75;
U. S. Steel Preferred $95 up $4.50;
American Can $91.75, up $3.25;
Case $73.50, up $2; DuPont $78.75,
up $7.37; United Aircraft $31.12, up
$2; Chrysler $24, up $1.25; Amer
ican Telephone $119.12, up $5.37;
American Tobacco “B” $89, up $3;
Liggett and Myers “B” $92, up
$4.25; Allied Chemical $106.25, up
$2; Johns Manville $39, up $4;
Eastman Kodak, $80, up $4.50;
Westinghouse Electric, $43.24, up
$2; American Sugar $62, up $2.75;
American Smelting $34, up $2.50;
Kennecott $19.50, up $1.87; McIn
tyre Porcupine $28.62, up 87 cents;
Homestake Mining $220, up $3;
Western Union $45.37, up $3.37.
Royalty Invited To
Legion Convention
NEW YORK, May 27. (A*)—Col.
W. E. Easterwood. Dallas banker
and vice commander of the Amer
ican Legion, sailed for Europe on
the liner Ille de Prance today, an
nouncing he would issue invitations
to the Prince of Wales, King Al
bert of the Belgians, Premier Mus
solini, and Pres. Le Brun of Prance
i to attend the legion’s national con
vention, in Chicago Oct. 2-5. Col.
Easterwood was the donor of the
$25,000 prize to the French fliers,
Coste and Bellonte, for their Paris
New York flight.
F. D. Takes Rest
WASHINGTON, May 27. —<JP>—
Pres. Roosevelt left the White
House this afternoon by automo
bile for Quantioo, Va., to board the
Sequoia for an overnight cruise
down the Potomac river.
Secy, and Mrs. Wood in and Dr.
and Mrs. Cary t. Grayson accom
panied Mr. Roosevelt
Full Disclosures Into
New Issues to Bo
Demanded ,
—- ^
Pres. Roosevelt signed into law the
securities supervision bill today de
scribing it as an aid to investor^ in
making public all facts regarding
new issues.
“It is, of course," said the presi
dent, “no insurance against errors
of judgment. That is the function
of no government. It does give in
surance, however, that, within the
limit of its powers, the federal
government will insist upon knowl
edge of the fact on which alone
judgment can be based.”
Control Over Issue* 1
Mr. Roosevelt signed the legisla
tion extending federal control over
new stock issues in the presence of
leaders of congress and members of
the federal trade commission who
will administer it.
Rep. Rayburn (D., Tex.), and
Sen. Fletcher (D., Fla.), who fath
ered the legislation in congress
were present, together with Sen.
Robinson of Arkansas, the demo
cratic leader.
The statement by the president
“It gives me much satisfaction to
sign the Rayburn-Fletcher securi
ties bill, and I know I express na
tional feeling in congratulating
congress on its passage. For this
measure at last translates some
elementary standards of right r id
wrong into law.
“Events have made it abundant
ly clear that the merchandising of
securities is really traffic in the
economic and social welfare of our
people. Such traffic demands the
utmost good faith and fair dealing
on- the part of those engaged in It.
Requires Disclosures V4
“T* that end this bill require*
the publicity necessary for sound
investments. It is, of course, no
insurance against errors of judg
ment. That is the function of no
government. It does give assur
ance, however, that, within the
limit of its powers, the federal
government will insist upon knowl
edge of the facts on which alone
judgment can be eased.
“The new law also safeguard*
against the abuses of high pressure
salesmanship in security flotations.
It will require full disclosure of all
lie private interests on the part of
mose who seek to sell securities to
the public.
“The act is thus intended to cor
rect some of the evils which have
been so glaringly revealed in the
private exploitations of the public’s
money. This law and its effective
administration are steps in a pro
gram to restore some old-fashioned
standards of rectitude. Without
such an ethical foundation, econo
mic well-being cannot be achiev
Tea Room Cashier
Named Fair Queen
CHICAGO, May 27. OP)—Lifted
from a commonplace existence in
a world of reality to a position of
fairy tale regality a 23-year-old
Racine, Wis., tea room cashier
awoke today as queen of Chicago's
Century of Progress Exposition.
8\e is fair-haired Miss Lillian
Anderson, chosen as the most beau
tiful from among 51 young women
hailing from Paris. London and
many American cities in an inter
national contest sponsored by the
Chicago Tribune and 15 affiliated
4 Men and Women
Held for Robbery
Two women and two men have been
arrested by police here in connec
tion with the $7,040 robbery of the
First National bank at San Marcos
State rangers questioned the quar
tet last night and asked that they be
held. San Marcos bank officials and
other witnesses to the holdup were
expected to view the suspects.
One of the men is a paroled con
vict from Travis county.
Bonds Purchase Is
Authorized by F. D.
WASHINGTON, May 27. (7P>—
Pres. Roosevelt today authorized
the board of trustees of the Postal
Savings bank to purchase $100,
000.000 in government bonds.
The move is in line with the ad
ministration’s open market oper
ations recently inaugurated by the
federal reserve board to bring
about the expansion of credit and
an easing of the money market.
Your Budget
Will be easy to balance if you
list your wants and don’t
wants on The Herald Classi
fied Page.
Phone No. 8

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