Image provided by: Beaverton City Library; Beaverton, OR
About The Beaverton review. (Beaverton, Washington County, Or.) 192?-1941 | View Entire Issue (Feb. 17, 1939)
FRIDAY. FEHRH AR Y 17 . 193 » THE IIRAVERTON REVIEW ---- W e e k ly N e w » Aanlyals--------------- Federai Insurance Supervision May Falloir Committee Frohe ____________ Hy E D IT O R ’S N O TE — «T W « opini m i p r o o o p r o p p o i IM I t o l o c o t u r n o ! . I t o r M l « t o p p o M i t h o M l P M o I p n . iW MOI M P C M M M Pn lf P i I O p M PO OSfO fPO . H usines» As counsel for • New York state legislative insurance committee. Charles Evans Hughes made a name for himself in 1906 uncovering what he thought to be irregularities. The chief Hughes fear: That in surance company resources were so large as to make conservative, re sponsible management increasingly difficult The Hughes remedy: Fed eral supervision of insurance invest ments. Since 1906 Mr Hughes has risen to the U. S. Supreme court and may have changed his mind. At least CHARLES EVANS Hl'GHES The tint are note quadrupled. nothing has been done about it and the vast insurance fund has quad rupled. Whereas Mr. Hughes sug gested limiting new policies to $150.000.000 a year per company, some now write $2.000.000.000 a year. Today there are $110.000,000,000 worth of policies in effect and in surance investments cover a sur prisingly wide field. Samples: Gov ernment securities. $4,500.000,000: railroads. $3.000.000.000; farm mort gages and corporation securities, $2,000.000.000; state, county and city bonds. $1.500.000.000. If this business was worth inves- tigating 23 years ago it is even more vulnerable today. Just started in Washington is a 12-month probe by the temporary national economic committee, headed by Wyoming’s Sen. Joseph C. O'Mahoney and bet ter known as the “ monopoly in vestigating committee.” Chiming in is William O. Douglas' Securities and Exchange commission. Perti nent question marks include (1) what influence insurance invest ments exert on U. S. Money m ar kets, banks, railroads, etc.; (2) how insurance executives are chosen; (3) possibility of interlocking direc torates between insurance firms and utilities. Though the monopoly committee has often reiterated that it is not hunting witches, and although Mr. Douglas maintains he only wants to bring the Hughes report up to date, there is a good chance of new legis lation providing federal regulation over all interstate insurance busi ness. This would supplement state supervision now in effect. Adding to their discomfort is the demand by Montana's Sen. Burton K. Wheeler that insurance com- panies take a greater hand in help ing reorganize U. S. railroads. The Wheeler charge: That present in surance company negotiations with carriers feature repeated conces sions to investment bankers at the expense of bondholders. But if rail aid presents as many obstacles as insurance men claim, the probable solution of this problem will not be a federal whipping post for insur ance companies but revision in the railroad reorganization statute. Spain The fate of Britain and France marched with Rebel Generalissimo Francisco Franco into Barcelona, tagging along as he pushed north ward through the rest of Catalonia to shut off an important sector in the two and one-half year old civil war. No sooner had Loyalist Pres ident Manuel Azana fled to Paris than peace rumors began. The probability is that President Azana Wives in the News GANDHI — Mrs. Kasturibhai Gandhi, “ faithful, silent” wife of India's Mohandas K. Gandhi, has been arrested for participating in a civil disobedience campaign. F LE G E N H E IM E R — Mrs. Ar thur Flegenheimer, widow of New York's late policy racketeer, "Dutch Schultz" Flegenheimer, testified she saw her husband in conference with James J. Hines. Tammany leader who is accused of selling protection. M OONEY— Mrs Rena Mooney, wife of California’s ex-Convict Tom Mooney, promises to fight her husband's reported attempt to divorce her. W’. I.R B lue— Trend DEFICIT—The U. S. treasury ended the first seven months of this fiscal year with a $1.961.543.- 858 deficit. Laving spent $5.222,- 590.494, compared with $4.262,- 464,425 in last year's similar pe riod. RESERVES— Excess reserves of federal reserve member banks are declining after a steady, dis couraging, rising trend In Janu ary. EGGS—Officers from two Ital ian cruisers were rotten-egged while driving through Panama City to visit government officials. TA X E S —Jewel Tea company reports its taxes now cost $298 22 per worker compared with $87 57 in 1932. Total: $1.100.415 against $248.457 in 1932. Asia their English friends. Anxious lest London be left off U. S. transat lantic schedules, the British govern ment has waived the treaty provi sion calling for a simultaneous start by U. S. and British planes. This clears the way for Pan-Ameri can airways ships to start between March 15 and 31. Probable settle ment, now that the U. S. holds agreements with both Britain and France, is a service from New York to Paris via London. Already undergoing observation flights for the civil aeronautics au thority is one of Pan-American's ' new 42-ton clipper boats, largest j practical ship yet built. Carrying more than 50 passengers, complete even to a highly-publicized “ bridal suite,” the new clippers would make one flight a week in each di rection at the start. Later, with more ships and experience, three weekly trips will be booked. People Demonstrated at Washington by Laurens Hammond, Chicago inven tor, a "novacord” piano-type instru ment which reproduces sounds of most string and brass instruments. • Signed at Mexico City, by Cuba's Col. Fulgencio Batista and Mexico's Lazaro Cardenas, a pact to "d e fend democracy.” • Died at Washington, D. C.. Fred erick Steiwer, 55-year-old retired U. S. senator from Oregon, and 1936 G. O. P. keynoter at Cleveland. Pan-America German trade with Brazil grew by leaps and bounds last year thanks to the barter system, ie., German purchases were paid for with “ askimarks,” which could be redeemed only by taking German goods in return. An upshot of De cember's Pan-American conference was the realization that something must be done to safeguard U. S. trade with Brazil, crowded into sec ond place by the aggressive Reich in 1938. Just arrived in Washington is Dr. Oswaldo Aranha, Brazilian foreign minister, for conversations expected to have four significant re sults: (1) U. S. financial assistance to Brazil via congressional loan, credits to American merchants or stabilization of Brazilian currency; (2) redivision of the world cotton market; (3) Increase of U. S. sales to Brazil; (4) examination of mutu al defense problems. Manchukuo’ s Siberian border has seen repeated Russian-Jap clashes during the past five years, but not until last summer was this hostil ity publicized. At that time several heated skirmishes took place over Changkugeng hill (te e m ap)» now pock-marked and silent. Later, in December. Tokyo and Moscow had words over Siberian fishing waters, which Japan intends to exploit de spite Soviet objections. In January several high Tokyo officials solemn ly told their people to prepare for war—not only a continuation of the wearying Sino-Jap conflict but for war with Russia. What may be the touch-off signal for this war has been reported from Mcngoskili, a good 800 miles north west of Changkufeng. There, in four days of almost continuous fight ing, Japs claimed they “ threw back Russian assaults." While the So viet maintains its traditional silence Drsrrl Sun Bat hors Kill ist Science W HO’S NEWS THIS WEEK H ow th e trim/ is b lo w in f . . . was ready to surrender, but not Premier Juan Negrin. His terms: (1) elimination of foreigners from Spain: <2> a plebiscite by the Span ish people to decide their future form of government; <3) no repris als on either side. Those terms having apparently been rejected by the Insurgents. Prem ier Negrin pre pared to fight to the finish in the large southeastern section of Spam his government still holds. Anglo-French concern over the Spanish war may be expected to grow daily until that conflict is end ed. As a last chance for peace with security. London and Paris jumped on the bandwagon for Negrin's plan, realizing these terms held a scant Balkans On January IS Hungary Joined promise that Spain might emerge from the war as a sympathetic na the German-Italo-Jap anti-Commit- ern pact, undoubtedly the willing tion. rather than as a tool for Italy victim of Rome-Berlin pressure. and Germany. But it would obviously be fool Russia's unexpected retaliation was a virtual break-off in diplomatic re hardy for the Fascist governments to accept peace with partial victory lations with Hungary on the excuse when a full victory is so near. That that Budapest is now under a for accomplished. France will have to eign thumb and has "lost its inde talitarian neighbors on three sides pendence to a considerable de iSpain, Italy. Germany) and will gree.” By far the smallest significance be ripe for plucking by Mussolini. It is significant that Italian terri of this step is that Russia again torial claims against France are shows an interest in world affairs, being held up until the war is over. breaking the painful silence that But the approach of this French- has kept Europe guessing since the Italian struggle draws Paris closer Soviet was ignored at Munich last to Britain each day. Before the September. More important is the warning that Moscow will take sim house of commons. British Prim e Minister Neville Chamberlain has ilar action against any other nation promised full m ilitary support in joining the anti-Commitern pact. Observers now wonder if the slur caie France is involved in war. concerning Hungary'» lost "inde pendence" may not revive anti-Nazi A viat ion sentiment in that nation and U. S. and British airliners have throughout the Balkans. Within ■ been hopping the Atlantic in test week after the Soviet's action three flights for two years, planning to favorable signs could be seen: start London-New York service si Martial Law. Following explosion multaneously next summer. Last of a bomb in Budapest's largest fall a reciprocal agreement was Jewish synagogue, the nation went signed but the English, piqued be under m ilitary law and two influen cause the U. S. refused to let Im tial Nazi newspapers were suspend perial airways ships land at Hono ed. lulu. shrank back in a pout. Anx Pan-Balkan. Rumania and Jugo ious to start transatlantic service slavia have signed an agreement to this year regardless of the British (1) defend their present borders; attitude, the U. S. opened negotia (2) adopt a "conciliatory attitude" tions with Paris and immediately toward all Balkan countries, and (3) arranged Paris-New York flights via improve relations with Hungary and the long Azores route. Meanwhile Bulgaria, chief Nazi conformists m the British announced they would the Balkan area. inaugurate independent service New Premier. At Belgrade Jugo next June. slavia's pro-Nazi Prem ier Milan But the Americans showed them Stoyadinovitch resigned under pres selves better diplomatic pilots than sure concerning the Croatian auton omy move, being succeeded by 46- year-old Dragisha Tsvetkovitch. la j bor leader and strong toe of dic tatorships. TR AN SATLAN TIC C L IP P E R To London by March 31 ? BRAZILIAN DIPLOMAT By LEMUEL F. PARTON Y O R K .—John \ ’ EW was self-educated F. Stevens as an engi neer. Therefore, he was an eclectic and readily made use of a retired murderer to ac- F a m e d E n g in eer comphsh a des- U sed M u rd e re r impor- A ttain E n d $ * ¿ + 4 £ To lack of engineering precedent. He It now 86. one of the greatest of American engineers, the first engi neer in charge of planning and building the Panama canal, recently awarded the Hoover medal by the American Society of Civil Engineers at Its eighty-sixth annual meeting In New York. The murderer who came tn handy was a Montana Blackfoot In dian. , Jim Hill's new railroad, west bound from St. Paul, was rather Impulsively started It ran slap- bang into the impenetrable wall of the Rocky mountains. There was an Indian legend that there was a pass over the divide, along the course of the Manas river. Mr. Stevens, a young engineer for the railroad, talked to the Bluckfeet about i t There was such a pass. They knew all about it. But not all of Jim Hill's wampum could bribe them even to point In that direc tion. This Marias pass was the dwelling place of evil spirits, of sorcerers, of dreadful demons, and all who went that way lost either their lives or their reason. 3Ir. Stevens mushed over the mountains with the thermome ter at 50 degrees below zero and found no pass. But. by chance, he found a wanderer In the wil derness, a Blackfoot driven out by hit tribe because hr had killed a man. The Indian had been having a difficult time. A few devils and monsters, more or less, meant little to him. They made a deal. The story of their days-on-end scramble to the roof of the continent through five feet of snow snd bitter cold, with Mr. Stevens sleepless as he kept an eye on his homicidal guide. Is one of the classics of the conquest •$ the wilderness. They found the pass, and their return was another desperate adventure. But soon the scream of locomotives was crying down the demons, who, presumably, moved on. When the Panama canal wa» pro jected. John F. Stevens fought through, against weighty opposition, the lock principle against the sea- level plan. The engineer in charge, from 1905 until he was succeeded by General Goethals, he flattened all the demons of disease and dis order which had licked De Lesseps. General Goethals rated his work as among the greatest of engineering achievements. He was minister plenipotentiary to the Soviets in 1917, remaining six years and re organizing and rebuilding their rail roads. Recently arrived In Washington Is Dr. Omwaldo Aranha, Brasilian for eign minister, whose visit to thla country Is expected to have signifi cant resulta In examination of mutu al economic and defense problema. Expected resulta are: 41) U. S. finan cial assistance to Brazil ; it) Tedivi- slon of the world's cotton market; (3) Increase In sales to Brasil: (4) examination of defense problems. ¡ Sun bathrrs al Palm Sprlngs. Callf., have enllsted Ihe cause of sdence In thelr belialf. The boxes enrloslng thelr lieads are ntade (rom sea shells, and are asid lo prrmlt only brnrilrlal raya of (he sun lo pass through llient, prolrellng thr shspely bathrrs from sn overdoar of the heallh-glvlng aunshlne. And How Do You Look While Sitting Down? If ladles must smoke they should be graceful about It. At least according to modrla In Mine. Frames Dels Fortrle's Hollywood School of 31odrllng In Philadelphia. .Mildred McCue (left) and Dorothy Mitchell teach lu one easy lesson how to become a horrible sitting example. The awkward position of the feet. Ihe stocking not drawn taut, and thè clumsy, messy way of lighting a cigarette, combine to detract from personal charm. Pictured at the right Is the correct way of sitting, and Ihe graceful way of lighting a cigarette. World’s Fair to Feature Court of Peace MILITARIZE CCC? r\ R V A N N E V A R BUSH, testify- ing on the patent system before the national economy committee at Washington, is the inventor at a “ mechanical Scien tist's B rain b r a i n . ” or M achin e D ow ns “ thinking m i- John Chrosnlak, lieutenant colonel In Ihe t'nlted States army reservr. as a sawmill Is president of the newly formed that solves problems “ too difficult American Conservation association, for the human brain." It works nice ly, and Franklin institute awarded a group making an effort to organ ize the Civilian Conservation corps him a medal for it. One can think offhand of a lot of on a permanent basis, fully officered and supervised by reserve officers vexing problems that might be tossed into its hopper these days. A colorful part ol the New York World's lair of 1939 Is (he foreign on permanent detail. If the associa Set up in congress, dealing the an nations and federal government zone area where the twin-towered Federal tion's efforts are successful, (hr new swers on war and peace, national building and exhibitions of 62 nations center on a seven-acre Court of group will add another pressure unit defense, relief and a balanced budg Peace. The $155.000,000 “ World of Tomorrow” exposition will open April In the political sreno which might et, It ought to save a lot of money. 30 as the host city makes lavish preparations to entertain millions of easily rival the widespread Inflornco visitors during the coming summer months. of the American l^'glon. Dr. Bush, former vice p r H - drnt of Massachusetts Institute of Technology, became presi dent of the Carnegie Institution on January 1 of this year. He la one of the most distinguished mathematical physicists tn America. A tall, genial, bespec WAR IN MANCHUKUO tacled scientist, with a slightly Map ihnu i (1 ) tile r j laleit border stooped and somewhat stringy clashet; (2 ) tile o f la.il tum mer't figure, with untamed hair, be Chanaliufenii h ill incident. leads reporters quite out of their depth. IIU metallic cerebration except for diplomatic protests in was just one of many of hit In Tokyo, Japan asserts the “ as teresting devices and discover saults” were aimed to force a re ies, Including, particularly, re treat from Russian fishing grounds. scan h In the transmUslon of And well might Japan “ throw electric power, to which he has back" any attack in Manchukuo, made notable contributions. because foreign observers report the isolated puppet state is manned The son of a distinguished Beston not with easy-going border guards clergyman, he romped through but with veteran troops, barracked Tufts, Harvard and M. I. T., picking along the Siberian border to guard up three degrees In three and one- against the fatal day. half years, thereafter teaching at M I. T. On February 19, 1936. addressing Miscellany The year 1939 being baseball's cen the New York Patent Lawyers' as tennial, Postmaster General James sociation. he was severely critical A. Farley has announced plans for a of the American patent system, tor special postage stamp, first ever Is Its "appalling fixity and lack of adaptability.” At the current com- : sued to commemorate a sport mittee hearing, he commends it, but • Dr. Nicholas Murray Butler, pres both meager news reports are out , ident of Columbia university, pre of their context, and Dr. Bush doubt- , A b outboard motorboat furnished transportation to these searchers In the flooded downtown section ot dicts New York will become the less eould defend himself against Middles boro, Ky., after the town was Inundated by February mountain torrents. The flood rame before Mld- capital of Western civilization, suc- charge of inconsistency. dleeboro’s $500,00« flood control government project could be completed. Two aged men died from cold and ' ceeding London as London once sue- • Consolidated Nows Fsatufos. exposure. Unteld damages resulted In the stores and shops. WNU Borneo. | ceeded Rome. H um an T h in k er chine'’ as b* Kentucky Floods Win Race With Control Project