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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Aug. 21, 1930)
SERVICE i If yonr Statesman tails to mrriv by :SO plea telephone SOO aad a copy will be sent to yon promptly. WEATHER Fair and warmer today u4 Friday, deereastaa; he snldtty; Max. Temp. Wed nesday TT, north wind river -a. - FOUNDED 1851 EIGHTIETH TEAR Salem, Oregon, Thursday Morning, August 21, 1930 No. iay I i "7 NEW ILK BILL WOULD REIVE TEETH OF Vandevort Measure Lack ing. 26 Items Regulat ing Dairy Plants Opposition to Ordinance is Expressed by Produc ers, Reported Changes which would decimate the milk production and distrlbn tion ordinance now in force are proposed. In the newer ordinance introduced Monday night by Alder ma Henry Vandevort and referred to the ordinance committee for Ita consideration. Examination of Vandevort's new ordinance introduced after he saw It was futile to attempt to try to abolish entirely regulation of milk sale, reveals that he cut from the existing ordinance sani tary safeguards basic in the pres ent regulation of milk production. VandeTort's emaciated ordin ance does provide for the grad ing of milk, it does define the dif ferent types of milk sold bnt the sanitary safeguards thrown about production are entirely eliminated from the proposed new code. Opposition to Xew Proposal Appears Opposition to Vandevort's meas ure has been expressed since the rouncll meeting by several alder men, while many milk producers have declared themselves opposed :o tampering with the existing code. Monday night's council meet ing attracted 30 producers, one roming 17 miles to attend the gathering but Vandevort's propos td fireworks were unlighted due to the Trade street vacation matter. In the ordinance now pending before the committee. 28 different items regulating handling of milk In producer's barns have beer, en tirely eliminated. The main proyl alon of the sanitary code left is the one providing that "all manure hall be removed and disposed of In such manner as best to prevent the breeding of flies." Vandevort's proposed new mills Turn to Page 2, Col. 1 PHILADELPHIA, Aug. 20. (AP) The United Spanish War Veterans closed their 32nd annual encampment here today by elect- g Judge Edward S. Matthias, of he Ohio supreme court, comman- ler-ln-chief. Justice Matthias, a former de partment commander of Ohio and chairman of the legislation com mittee, was chosen over Robert Wanowskl, of Venice, Cal., the re tiring vlce-commander-in-chlef. Judge Matthias Is from Tan Wort. Ohio. He received all but seven f the 1242 votes cast. The 1932 convention city will bo Milwaukee. Wis., which re ceived 898 votes against 518 for Boston. The 1931 encampment will be held in New Orleans, which wss selected last year. , Dr. R. C. Ellsworth, of Port land. Ore., who was one of Roose velt's "Rough Riders." was elect ed senior-vice-commander in chief. Ha jras unopposed. The Rer. Charles Lee, of Patterson, N. J., was elected chaplain-in-chief. William A. Seddenger of Vir ginia, was elected junlot' vlce-com-mander-in-chief and Dr. William K. M it tend or f of New York sur geon general. .J. LAW SPANISH Willi VETS MATTHIAS LIQUOR SEIZED PORTLAND, Ore., Ang. 20. I (AP) A. a Means, acting fed--I eral depnty prohibition admlnis j trator for Oregon, said today he believed federal and state agents had uncovered lans to import liquor into Pendleton for the an nual Round-up. Ho Mid Albert Loeding, J. Rhodes, A. Meeker, and B. Ban istet were arrested and that a i lar quantity of beer and whis key and a still had been seised near I Grande. $10,000 SOUGHT : . . MEDFORD, Ore Avg. tO. (AP) W. If. ClemensoB, gniardlaa of Joh Shewmaker, ' who died from injuries re ceived whem struck: by aa au tomobile alleged to have been driven bj. Louise Schroff, art lcstrwctor at the University of Oregon, has filed salt against Mr?. Schroff for S10.000 , jdaiaaces, ! C s TOTAL V52,M1 ' WASHINGTON, Ang. .10. JAP) The Oregon atate total oaalatlon- for 1IJ0 was an nounced at ni.Cfll. an increase of If Mil, today by tko eenana . - BureaBV-"- .- - --- " Portland was -given a new to- Jil of aOl.SfO. an increase of 1.602, or 1M jer cent, Med fprd, 1M4T, a increase ; of . ifl or C1.44 per cent. Z Boston Beauty Elopes to N. Y. 3 -.i '--ic u X ( is ' " i , , ' ' X VA A -r mm i. '4 Dorothy G. Campbell, of Dor chester, Mass., winner of many beauty titles, including that of "Miss Xew England," eloped to w York City with Captain Francis D. Harrigan, well known Boston attorney. The couple were wed at St. Pat rick's Cathedral. They will honeymoon in Kurope. mm 60 ALOFT Tex and Dick go up, Leave Dud on Ground; Turn Of Coin Decides v PORTLAND, Ore., Aug. 20. (AP) Tex and Dick Rankin took off from the Rankin airport at 7: 00:444 P- m., today in the mono plane On-to-Oregon In an attempt to break the refueling endurance record established by Dale Jack son and Forrest O'Brine, St. Louis aviators. Dud Rankin, the third brother, who was in the plane when the first attempt was made Sunday, was left on the ground by the turn of a coin. The brothers decided only two should go in order to reduce the weight. Tex, the most famous of the three brothers, was at the con trols when the plane left the ground. Twenty minutes later the refueling ship, piloted by W. G. Fletcher, established contact, and the first transfer of gasoline was made. Another contact is to be made at 1 a. m. Must Remain Fp Till September 10 The On-to-Oregon must remain in the air nntil the evening of September 16 to equal the present record. The plane came to earth Monday, out of gas. after being in the air about 24 hours. LOS ANGELES. Aug. 20. (AP) Eddie Schnieder, 18-year-old aviator of Jersey City, N. J., who last week sent a new Junior trans-continental speed record from east to west, said today he will leave here at 4 a. m. (P.S.T.) Turn to Page 2, Col. 3 Mi M FIE Roundup May Prove Dry Art Instructor Is Sued Oregon Population Told Big Still Is Unearthed TWO ARRESTED TOLEDO, Ore., Aug. 20. (AP) Two strangers, who gave their names as Frank Strawn and Billy Underwood, were captured today by Deputy Sheriffs MeBee and Black together with a large atill and SO gallons of alleged moon shine whiskey. Strawn drew his revolver as the officers approached bnt dropped the weapon at McBee's command. A loaded rifle was found near the still. The operators of the atill re fused to giv their address and waived preliminary hearing and were bound over to the grand Jury nnder $500 bonds each. They are being held la jail here la Ilea of balL LAMP BURN SERIOUS - EUGKXEV Ore AoaV 90. (AP) Fred Ear was in a hos pital here today, safferina: from . serious burns received when be " carried a flaming kerosene ilamp from his home last night. ... ... . - - j . FTUfi OVERCOMH J , BAKER. Ore. An. 10. (AP) Sixty-five fire fighters today brought under control a fire which burned over 100' acres on East Eagle creek. . IThe fire; was trenched. Twenty men have returned to their homes bat the others remained to guard against a new outbreak. CHINESE REDS SUFFER GREAT LOSSES, WORD Four .Thousand Killed When Kiangshi Men Attack; Capture Rifles Communists First Destroy Town of Wusueh; Alt Inhabitants Flee HANKOW, Amg. 21 (Than day) (AP) Chinese press dispatches today said Kiangsi provincial troops scored a crushing victory over comman fsta in the western part of that province, killing 4000 reds and capturing 2000 rifles. HANKOW, Aug. 20 (AP) The torch of communism flared again today in China, to burn the town of Wusueh, 27 miles from the larger Yangtse river elty of Kiukiank. with its big foreign settlement. Inhabitants Flee In Fear of Death The red band charged down through the hills' about Wusueh, looted its population of 6,000 and ruthlessly destroyed the town, made famous by the resistance there of the Taiping rebels more than 80 years ago. The Yangtse narrows at this place and across it the Taiping religious fanatics stretched great chains, blocking passage of the imperial fleet. As the communists approached, refugees streamed out upon the countryside, fearing for their lives and abandoning their prop erty. A Japanese gunboat was order ed to Wusueh to protect foreign ers. The town is a market for rock salt mined nearby. Communists armies which Back ed and partly destroyed Changsha late last month and later threat ened the other, large cities of Han kow, Nanchang and Kiukiang, apparently were frightened away by foreign warships which were rushed to the protection of their nationals. MORE wnn VANDALIA, O., Aug. 20 (AP) Three , additional trap shooting champions were crowned in the third day's meet of the grand American handicap tourna ment here today. E. F. Woodward, Houston, Tex as, a tried veteran of the trap shooting world, won the "eham- pion of champions ' title in the race between state champions. Representing Texas, Woodward broke 197 out of a possible 200 targets to tie with Ohio's title holder, H. F. Roberts of East Ful tonham. In the 25 tarket shoot- off, AVoodward had a perfect run. while Roberts missed once. Third place went to the champion of Indiana, Steve McCook, Jr., who finished with 196. The veterans' championship, open to those 70 years of age and over, was won by F. D. Kelsey, 78, of East Aurora, N. Y., he shattered 181 out of 200 targets. R. B. Stratton, 75, of Clarksdole, Miss., and George W. Kerr, 70, Springfield, Mass., tied for run nerup position, with 178. Strat ton is a one armed shooter. PATSON, Utah, Aug 20. (AP) One man was killed end another was probably fatally In jured in the crash of their plane from an altitude of 400 feet aft er it had gone into a nose dive at the beach on Utah lake near here tonight. The dead man is Henry Hatf. 34, of Ogden, Utah, pilot-instructor for the Payson Aviation club. Clarence Griffith, 15, of Los An geles Is In the Payson hospital In a critical condition. Witnesses said the plane start ed for a landing when the motor stalled and the craft plunged to the ground. Griffith was taking flying les sons. The plane was owned by the aviation elub. Fortune of How All Given Away Prior to Death CINCINNATI. Aug. ' 20 (AP) j The fortune James Eads How, -millionaire- , hob. inherited from his mother in St. Louis, had been given away before his recent death except tor 1125,000 which the f oreslghted . mother : left in a trust fund because of her son's phUanthrople tendencies, -Nicholas Klein, attorney - for How who died in poverty recent ly, said all tnat remained ox nis mother's original bequest - of esse. aaa went 14.000. in cash, a fir.000 home-la Los Angeles and $100 interest, in two empty' fac tory buildings, - in KILLED IS MO SMS Silverton to Meet Long Beach Team in Second Game Today New Orleans, Salina Draw Byes, Play Early Friday COLORADO SPRINGS, Colo., Aug. 20 (AP) Play in the all western series of the American Legion Junior baseball tourna ment will begin here tomorrow with Denver and Enderllng, N. D., clashing in the curtain-raiser. Silverton, Ore., will meet Long Beach in the second game of the twin bill. New Orleans and Sali na, Kans., drew byes for the op ening day and will cross bats in Friday's opener. Tomorrow's winners will come together in the second game with the finals scheduled for Saturday. Silverton and Salem baseball fans are .disappointed that the Silverton team did not draw one of the byes in the Colorado Springs tournament, as the Mar lon county lads have only two re gular pitchers and will be under a handicap for the final game if they get that far. Long Beach is expected to be one of the chief threts In the tournament, and It is probable that Schwab will pitch today and If Silverton wins that game, Per rine will come back the second day. Kitchen or Leffler would then start the Saturday game If Silverton won Friday, and it Is possible that Schwab might come back into action if the going be comes tough. MISS DDIG CLOSES Less Than 27 Minutes Short Of Tie With Gladys 0'Donnell Now ROSWELL, N. M., Aug. 20. (AP). Two hops and a spring half way across New Mexico today placed Mrs. Gladys O'Donnell of Long Beach, unofficially 26 min utes and 48 seconds ahead of Miss Marjorie Doig of Danbury, Conn., at the end of the eighth lap in the Long Beach-Chicago national women's air derby. Miss Doig tenaciously clung to second place. At Douglas, Ariz., last night the Long Beach flier led her Connecticut rival by 16 minutes. Miss Mildred Morgan of Holly wood and Miss Jean La Rene of Kansas City, held onto their third and fourth positions. Miss Mor gan finished fifth, ahead of Miss Ruth Stewart of St. Louis, in each of three laps today. Miss Barron Fails to Gain Miss Ruth Barron of Beverly Hills failed to regain much lost time and was 19 hours and six minutes behind Mrs. O'Donnell. She flew 110 miles out of her way Turn to Page 2, Col. 2 HOMESTEAD Ml DISPUTE IS HIRED PORTLAND, Ore., Aug. 20. fAP). Nels L. Lawson and Da vid D. Level, both of whom have filed homestead claims on the same 80 acre tract In the vicinity of Silver Creek Falls, east or sil verton, appeared before United States Commissioner jrrazer to day to contest eaeh other's claims. Level filed on the land Feb ruary 20. 1929, and built a one room house on it. Lawson, wno filed Junes 22, claims Level has not established residence there and alleges he abandoned the land more than a year ago. Level claims ha did establish residence and was Improving the' land when Lawson riled. TMtlmonv taken today will be sent to the United States Land Office at Roseburg where a nnai hearing will be heidsepiemoer -jr s- 59 Persons Rule U. S. Claim oi James W. Gerard NEW YORK, Aug. 20. (AP) Tamo w. Gerard, former am bassador to Germany, today named fifty-nine persons as we "men who - rule the United etitM His selection was composed al most entirely of capitalists ana finnMr and included leaders In the banking world; the steel industry, , mining, the railroad business, - - public - . utilities, the amusement rieia ana journalism .The list included John D Rockefeller, Jr., Andrew W. Mel inn bA J. T lfarran. bnt omit ted President Hoover and all others holding national or state office a. " GA DERBY Death Charged To Realty Man v N :f After less than an hour's deliber ation, a District of Columbia grand jury indicted Herbert M. Campbell (lower), Virginia real estate man, for the murder of Mary Baker (upper). The body of the Washington girl was found last April partly hid den in a culvert near Arlington cemetery. 1 LOS ANGELES, Aug. 20 (AP) Although Dr. Edward H. Williams, nerve specialist attend ing Mrs. Aimee Semple McPher son at her secluded beach cottage, announced the evangelist was "greatly improved," officials at Angelus Temple, her church, con tinued tonight to request follow ers to "pray earnestly" as their leader "still ia critically ill." Reports from all sources agreed for the first time since Mrs. McPberson's illness became known early yesterday on one point. All announced "improve ment" in her condition, although differing as to degree. Dr. Williams said the evange list will be able to greet visitors tomorrow, and probably can re turn to her pulpit shortly. Mrs. Harriet Jordan, Angelus Temple assistant, appeared before a large assemblage of members of the church, asking them to disregard all reports of Mrs. McPberson's illness except those given at the Temple. "Latest news from Mrs. Mc Pherson is that she continued to Improve. Do not cease praying," Mrs. Jordan said. Dust Explosions Cause Death in Grain Elevator BALTIMORE. Aug. 20. (AP) A workman was killed and an other missing tonight as the re sult of a series of dust explosions, followed by tire, which partially wrecked a Western Maryland railroad grain elevator terminal at the harbor today. The fire had raged for several hours and nine injured had been sent to hospitals before the body of the dead man, tentatively identi fied at that of Sylvan Jordan, negro, was recovered. Other In jured were treated at the scene. The loss was estimated at $250.-000- by J. A. Peterson, general manager of the elevator. The missing man was Carl Hammill. Sets Fire, Then Burns to Death WARREN, Pa., Aug. 20. (AP) Building a fire in the county Jail, Frank McKoon, 28, succeed ed in a second attempt at suicide today by standing in the flames until he was burned fatally. - McKoon was awaiting trial on a charge of first degree murder for the killing of- Mrs. Mabel Lindquiat." GODFREY "WTXS ; INDIANAPOLIS, Ind., Aug. 20. (AP) George Godfrey, giant negro heavyweight of Lieper vtlle, : Pa4 ' knocked out Elijah Lee, Chicago negro, in the sec ond round of a scheduled ten round bout here tonight. J J , 1 " I - x- -, ..r V HOW ffl X f Zl ;r EVANGELIST MUCH IMPROVED IS WORD OFFENSE U. S. OFFICERS E Lyle Attorneys Subpoenae Prohibition Office Clerk in Case Claim Special Agent Held Missing Papers, But He Isn't Called SEATTLE, Aug. 20 (AP) Inferential eharees that the gov ernment is concealing Important nubile documents wanted as evi dence by the defense were made in the Lyle-Whitney corruption and bribery trial In lederal court here today. Attorneys defending Roy C. Lyle, former prohibition admin istrator, has three aides, William M. Whitney, Earl Corwin and R. L. Fryant, and former Assistant United States Attorney C. T. Mc Kinney, subpoenaed the chief clerk of the prohibition office here In an obvious effort to show that part of the records were missing. Howard E. Snodgrass. the clerk, testified he had not been able to make a complete search for the records, and was excused until he could report definitely. Special Agent Said Possessor Defense Attorney C. P. Morl arty then sought to call T. H. Tracy, special agent of the de partment of Justice to the stand to ask him about the records. Moriarty asserted the defense could prove that Tracy had had the records within the last few days. Judge Frank P. Norcross refused to consent to the ques tioning of Tracy, however. ("internment attorneys denied that they or Agent Tracy had the records, which were case reports signed by Alfred M. Hubbard, government star witness in this case, while he was a dry agent. Hubbard, who has been on the witness stand four days testifying to wholesale corruption of his former superior officers in their dealings with rum runners, began to show signs of the strain of prolonged cross examination to day. Hubbard Confused Upon Own Record Apparently confused by repeat ed questioning in regard to his testimony as a prosecuting wit ness in liquor cases which was in direct contradiction to many of his statements In the current trial, Hubbard was forced to ad mit that he could not remember when he was divorced from his first wife, or when he was mar ried for the second time, except that he thought it occurred in 1927. Neither was Hubbard able to remeber allegedly incriminating statements made bv Thomas P. Revelle, former United States at torney, whom he previously had testified was "in the know" on the protection system for the li quor runners. F LINCOLN, Neb., Aug. 20 (AP) To share Nebraska's sur plus of forage and feed grains with farmers and livestock own ers of other droueht stricken states, Governor A. J. Weaver to day named a committee of eight men who will undertake the task of distribution. Headed by H. J. McLaughlin. Nebraska secretary of agriculture, who will act as chairman, the mitten awnnr into its work bv asking for a concise report from all Nebraska farmers on tne amounts of live stock; feed they n Hlxnensa with. A similar report was asked of western sandhills range owners tor the benefit of Dakota. Wyom ing and Montana ranchers who will be permitted to bring their stock here for winter grazing on wild bar. Chairman McLaughlin said he bad already received inquiries from Vlreinla. Tennessee and In diana, concerning the possibilty of obtaining feed. When he hears from Nebraska his inquirers will be placed In communication with farmers here, he said. Rummy Game Is Broken Up When Drought Halted - FAIRMONT, Mian., Aug. 20.- (AP) Rain did things to, Fair mont today. It - ended - a seven weeks drought and broke up a card game of rummy started Monday by members of the Fairmont Re creation club. Club members voted to play rummy night and day. In relays. until rain fell. . Early today near ly half an Inch of rain fell and the ' players, farmers and busi ness men went home. - I NEBRASKA SUPPLES Audit Bares lixup In Funds Retained By State Engineer E EVIDENCE Oil ZUTfl Apartment of Siciliano is Entered by Officers; Results Secret CHICAGO. Aug. 20 ( AP) A sheaf of records and papers, be lieved to relate to the Zuta-Moran gang "business" was seised to night In a raid on the luxurious apartment of Joe Aiello, head of the Unione Siciliano, and his bro ther Dominiek. Both men, reputed allies of Zuta and Moran, have been under sus picion in connection with the slaying of Alfred J. Lingle, Tri bune reporter. Pat Roche, chief investigator of the state's attorney's office made the raid as the result of informa tion found in a fourth Zuta safety deposit box Tuesday, but refused to disclose the evidence, if any, contained in the Aiello docu ments. Neither Joe or Dominiek Aiello were at the apartment. The wives of the gangster brothers told officials their husbands had left the city immediately after Lingle's death. Two shotguns and a rifle were found in the apartment together with a belt containing shotgun cartridges. Police attached sig nificance to the fact that several shells were missing from the belt. HE'S BOOTLEGGER THAT'S THAT ST. LOUIS, Aug. 20 (AP) Antonio Musso of Los Angeles stepped from his big motor car in front of a down town hotel here today. Detectives stepped up to An tonio. "We thought perhaps you are a bootlegger," one of the detectives told him. "You are exactly right, my friend," Musso replied. "But. un fortunately, nothing can be done about it." It seems Musso was right, no thing untoward was found among his personal effects. A pocket- book yielded a wallet containing 7?3 and a bankbook showing de posits of $34,000. Explaining his presence in St. Louis, Musso displayed a tele gram from a Rockford. 111., at torney requesting him to appear and give a 110,000 bond in connection with an indictment charging Musso and 25 others with possession of $100,000 of li quor and of conspiracy. Miss Walton to Tour Europe in Next 6 'Months Miss Beatrice Walton, private secretary to the late Governor Patterson, will leave here Satur day for a six months tour of Eur ope. She will be Joined in Chi cago by two girl friends. Miss Walton will spend several days in New York City prior to sailing. Upon her return from Europe, Miss Walton will resume her law studies in California, where she spent the past six months. I BRINGS MOB AfJO Ciedit System Planned To Aid Drought Victims By D. HAROLD OLIVER WASHINGTON, Ang. 20. (AP) A proposal to establish atate or local credit corporations to arrange loans to drought strick en farmers through Intermediate eerdlt banks at a maximum Inter est of 6 per cent was advanced at the Initial meeting today of Pres ident Hoover's national drought relief committee. ' Banking representatives on state relief committees now being or ganized throughout the drought area were called to meet here next Tuesday to put the financial pro gram In more definite form. Meeting at the White House the committee went over the situation with the president and appraised the relief facilities of each agency represented. All members were present except Henry M. Robinson, Los Angeles banker. Secretary Hyde, the chairman, announced It also had been de cided to nse Immediately for seed loans the $800,000 remaining of a $1,000,000 fnnd, appropriated at the last session of congress for re lief la mora than a dozen states. As the set specified the sUtes la which the fund was to be expend ed, Secretary Hyda sV the $00,- Keeps Interest Mone Earned by Water Districts Commission Convenes to Decide Who Is Real Owner By C. A. SPRAGUE Disclosure of the fact that interest of $1800.20 earned by funds of irrigation dis tricts held by Rhea Luper, state engineer, had been re tained by him since October, 1926, without being turned over to the state or credited to the funds earning them ia made in an audit of the state engineer's office by Otto P. Kubin, accountant employed by the secretary of state's office in compliance with & law of the last legislature re quiring that official to con duct an aufiit of state offices. Luper contends that the interest does not bolor. to the state be cause it is not state money; &nH declared to a Statesman repre sentative that hn did not know hut- what the interest money was his to keep personally. lie state- that he is ready now to account for it to the state reclamation commission whose appointee he is. Audit Trace Use of Fund The report of the auditor states that hu Luper became state engineer in 1920 he km custodian of cash funds agre gating $23,955.00 and proceeds as follows: "This money was deposited in the Salem Bank of Commerce, $3,995.50 in a checking accoant and $20,000 in a savings ac count. Later 12000 was with drawn from the checking account and added to the savings ac count. During the period in which this sura of $22,000 wa in the saving account it earned . the sum of $1800.20 internet which was withdrawn and as far as we hare been able to deter mine has not been accounted te the state. The savings acconnfc was closed and transferred t the checking account in October. 192$. since which time we w Turn to Page 2, Col. 4 CHICAGO, Aug. 20 (AD Charles H. Mulchay. S8S. promin ent local labor leader was shot tp death and Bernard Ruberry, 3S, a companion was seriously wounded in what police describM as a labor war flareup today. 'The victims, business agents ef the Chicago Journeymen plumb ers' union were shot down as they lighted from a car at the sUfief a high school constructionpre Ject. Although no one who vwM admit witnessing the ahootinr was found by police a search was begun for John Wilson and Albert Courchene, employes of the eoas pany holding the building plumb--ing contract. Police believe Mulchay and Ru berry had planned to halt work ef union plumbers because the pre lect bad not been approved by tee labor organization. mm M USE OF DOUBLE MURDER 000 could be used ia only a few of the drought states Virginia, Ohio, Indiana, Missouri and Mas tana. R. H. Aishton, representing th American Railway association ea ' the committee, said the emergency- freight rates on feed and catti now la effect in the east anal south, would be extended to west ern territory Friday. The Idea of local credit corpor ations is similar to that followed!' In tha Mississippi flood disaster. The federal farm local board was asked to supervise the task f creating the organizations It th, proposal Is agreed upon at tfc bankers conference next week. Under the tentative plan, tW local or state credit agencies would arrange for loans to fansv ers on easy security, endorse tkeaa and turn them over to tha Inter mediate credit banks. The credit corporations would be permitted . -to charge 2 per cent mora thaw tha 4 per cent now charged by A Intermediate banks, making ' maximum Interest to' tha "f araser- : " percent, - . -t , Hyde estimated - that apprasd wiatsly $20,000,000 would saeet the loan demands ef the rorpara- . tion. - -' -
