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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 5, 1929)
M M The Weather Tuesday, Nov. 6. J9:'.l. Forecast: Fair tonight anil Wednesday. Moderate temperature. EDFORD AIL I'RIBUNE Temperature I I Ik host yesterday 7 I i-owest this morning 'J;1 lUllr Twenty-fourth Yef. Weekly f-'ifljr. Willi Year. MEUFOUD, OKMXIOX. Tl'KKPAY. NOVKM BKR ". 192!. No. 227. Today By Arthur Brisbane Ghosts of New Street. Russia Tries Farming. 100 Story Building. 'And They Did Drink. (Copyright by Kins Features Syndicate, Inc.) For the first time in 10 years the stock exchange was open on Siindny, brokers winding up transactions of 11 desperately 'usy week, preparing for the reopening Monday. Gigantic orders had been pouring in since the close on Thursday, sonic to buy, some to sell. Buyers and sellers will take turns rejoicing and regret ting. The country's business will go on as usual. AVull Street is quoting Henry f lews' advice to young specu lators, ""Watch the old specu lators." Clews ran a eaA'fuIly inanagcd brokerage office and got rich, because he knew enough to let gambling alone. Young speculators should visit the back door of the stock exchange in New Street, at mid night and talk to the ghosts of old dead speculators that whis per how they once were rich and lost everything. They might learn a good deal there, but they won't. Knowl edge conies from experience. While we talk about farm re lief in Washington and supply genuine relief in Wall Street, Soviet Russia makes real ex periments. Russia, developing gigantic ikftational farms, with . modern inauhinery, plans a complete revolution in farming methods. Twenty-five million small farms that feed Russia's popu lation, and cover one-sixth of the earth's surface, will be changed to big scale farming on a basis that would double crops, using half the land. Our farmers would not care for that; too much danger of being wiped out. Farmers like their own cows, barns, fields, plows, agricultural machinery, idle and rusting 11 mouths in (he year. They would not become sala ried government agrarian offi cials, even il" they made more. Russia at least is trying to do something. We are trying to walk on eggs,, doing nothing, without driving farmers from the licpublican party. The 1lKI-sory building has arrived. F. If. Kcker will build il, for the .Metropolitan Life. Insurance Company, on the block adjoining the Metropoli tan's ."ill-story tower in Madi son Scpiare,, New York City. (Continued on page Four) If Mr-, (iann wear Iter klt't. Itltr iimii pmniliicnt Indie inch-In- would In- Jest wll If "I'C mimmI ii. "I'm lilm luck In the ferowil." Milil IiiiIbp I'uwj- tlil iimraln'. In remlitln' the Jail en lence IW-olli-mer Ike lurk. I IT I I I A Bl J TXf:' sA'v i tin 1 cfeJ & WET DINNER DETAILS BY REASONS !N BROOKHART STOCK SAG Senate Hears Story of Wall Street Booze Banquet in Washington From Lips of Iowa Senator Curtain Hid Silver Hip Flasks Guest List Not Read to Senate. WASHINGTON', Nov. 5. UP) The story of tho "Wall street booze ! party dinner" In Washington was ! told lo an expectant and closely attentive senate today by Senator -Smith Wtldinan Brookhart of Iowa, who said he sat between Otto Kalin and K. K. Loom is, of the Morgan company. After .throwing his invitation to the dinner, received from Walter J. Fahy. Wall street broker, into the waste basket, Hrookhart said, he was urged to go to the dinner by "our distinguished president pro tern." He -referred to Senator Moses of New Hampshire who was presiding. "1 said 'Who Is Fahy?'" Brook hart told the senate in relating his conversation with Moses. "He said 'He is an old friend of Norrig and I.aFollette ' " continued the lowan. "And that's true, 1 guess. So I said 1 would go." In the reception room at the din ner. Brookhart said, there" was a rack, and when someone lifted a curtain there was revealed a row of silver hip flasks. "Senator Snioot, who was there, did not hell) himself ami was as much disgusted as f was and as much against It. Didn't Take Flash "Senator Cnoding did not take any flash and 1 didn't. As to the I other boys, they can Bay for them selves whether they helped them selves. Then we went in to the dinner." Brookhart related that when ho arrived at tho hotel meeting place the first person ho saw was Otto Kahn. "It didn't occur to me that he was much of a frlead of Norris and UiFollette," he continued, "but I went on. The lowan picked up the pro gram of the dinner with the list of guests but he did not road It. He remarked there were a number of' I "Wall strceters" there. I Senator Thomas of. Idaho later ! reached over to Itrookhart's desk j to take a look at the program and Hrookhart halted his speech long enough lo declare, "(Jet away from j there." Both he and Thomas i laughed. ! Hrookhart said Kahn brought up the matter ol railroad consolida tion in which he (Brookhart) was interested. Kahn Had Propaganda "After demolishing all my theo ries about economic matters." the lowan continued Kahn proceeded to "eulogize the' New York stock exchange-"-and'sald "What a won derful benefit It was to the pooplo of' my state.'' A somewhat similar conversation took place between him and Loo mis Brookhart said. Oaring the course of the dinner, he asserted. Mr. Uioinls "took his beautiful silver hip flask and poured out some of that alcoholic Htuft In a glnss and mixed It with water It was too strong to take taw and he drank that." Others "down and around the table followed suit, he said, and then "Senator Clouding and 1 broke away." He said he was called back by Senator Edge, Republican, uf New Jersey, who asked him If he did not know that he was sitting be tween Kubn. I.oeb & Company and .Morgan & Company. "Don't you think they contami nated you a little?" the lowan quoted F.dge as saying. Invitations Cease Hrookhart said he replied that he was "vaccinated" against all that land for that reason never was In vited to a Wall street dinner again. I A well filled chamber was on hand for the promised disclosures of the lowan and the senate seemed to relax from the tension of the I long tariff struggle as tho members turned their chairs around to face the senator, who stool In his accus tomed place In the tear row. S)eaklng In a high pitched voice which cracked several times Brook hart literally shrieked that alcohol Is an evil ami a poison. Ho said he started "on that theory." The senator chose for his text, "You must begin with the big fcl-. lows'' on law enforcement-. He eon- Igralulated President Hoover Vice- President Ciiitls and Sir Ksma Howard, the British ambassador, on their personal attitude toward law enforcement. Would Dry Envoys He said that unless the other members of diplomatic corps sta tioned at Washington voluntarily followed the lead of the British (Continued on Page Six) VARIETY OF Reversal Forecasted Move ment Due to Profit Tak ing, Closing Out of Weak Marginal Accounts Seen As Factors in Monday Trading Normal Volume and Range. SAX FRANCIHl.'O. Nov. !i. (CP) heading Issues showed a distinctly lower trend in today's trading. WASHI.VtlTXW, Nov. 5. (TP) ? careful analysis of the finan cial situation by government of ficials has led to l he conclusion that although the stock market has passed through a grave crisis the break was confined entirely to the market itself and has not extended to general business. The future operations of the Federal Keserve are generally credited us having confined the transitory panic to the market. NEW YORK. N'ov. u. (If) The stock mnrket was closed to day because of the election after an isolated session in which prices showed a net decline two lo IT points on a turnover of 0.202, 130 shares. The rally which was expected when the market opened yester day after n two-day selling holi day failed to develop and in Us place appeared selling pressure which was the dominant note throughout an orderly session. Various reasons were ascribed to tho sag in prices which con tradicted forecasts of an advancing- market, predicated largely on statements that a large volume of Buying orders had accumulated over the week-end and on fuvor nble financial news. The saje of stock bought for supporting purposes during tho decline; profit taking by traders, who bought for a- turn mid the closing out of weak margin ac counts were some of the factors mentioned to explain the down ward trend. The volume of trade and range of prices was regarded by ope rators us normal, contrasted with behavior of the market last week when after a wild selling stam pede on Tuesday In m-lilch lli.l-lo.-030 shares were dumped, the market came back sharply In n three-hour session Thursday with gains up to 3fi points and a total of T,1I9.3!U shares. Curtail Sessions. Curtailed sessions from la a. m to 1 p. ni.. tomorrow. Thurs day and Friday with complete suspension of tiusinoss Saturday has been ordered by the board of governors of the Block exchange aiid officials of the curb exchange in a further effort to permit bro kerage houses lo catch up with the bookkeeping entailed by the tremendous volume of trade lust week. The collapse of security prices last week was the reason given In n petition for a receivership filed in federal court yesterday agalio-t the Bankers' Capital corporation, a Wall Street Investment Trust company. Two brokerage houses were sus pended by the curb exchange last week for failure to meet their oh. ligations as a result of the decline in security prices. IlOSTON, Nov. 5. itVi (ieoine Johnson, federal air Inspector, and "Hank'' Carter, pilot fur Skyways. Inc.. were killed today when their airplane crashed after going Into a tallspin over the Kast ftoston all port. The Ruxolfne tank exploded when the plane truck the ground. The craft was destroyed and the men wre hurnrd to death before aircraft attaches could extricate them. Johnson and Cnrer htid taken off fur Mridffeport, Conn., h few minutes befoi a t hey crashed frnm a height of about 150 feet. IS SHOT BY POLICEMAN HAN KKANClSt'O, Nov. 5 One of two bandits who attempted to hold up tho American Trut branch at Hhcramenlo lreet and Presidio avenue hre today was shot and believed killed In a Run duel with Policeman Aloyslus Hick, who frustrated the holdup. IN NEW YORK'S MAYORALTY RACE j ) ilk..... "ffr ' VJr.. "i- Associated Press Photo James J. Walker (above) is Tammany Hall's candidate for re election in the New York mayoralty campaign. Fioretlo H. LaGuardia (below, left) is the republjcan-fusion candidate, and Norman Thomas is running on the socialist ticket. - . x ; SHIP FIRST CAR Co-Op Reports' Receipts in t i Pool for New York Cars j to Roll Daily Balance of j Week Six to Seven Cars, Will Be Sent. i i The ItoKiic River vulley turkey pool shipnientM, opened thin morn Ini; with moderate receipts, and the expectation, that tho fir.st ca" lot would be dispatched to New York tomorrow, nnd every day thereafter until Sunday. The henv lent receipts are Hcheduled fur the week-end. , Tho turkeys are consigned to SavaRo and company, New York City, with an advance price of $2 ceniH for top birds, and runKlni; downward to 25 cents. The name prices prevail fur Josephine county tilrkeys in the pool and both are covered by a $30,000 Ktianintcc fund, in Grants l'ass and Medford banks.. It itt estimated that ix or seven cars of turkeys will he shipped from this district, totallinK around 5.0(M) birds, for tho Thanksy j vlri trade. The turkeys received this nioin ItiK. were killed and dressed yes terday. Turkey killing been mo kcii erat today, and the peak of the (Continued on l'nxv Hix) ROGUE TURKEYS GAINS FAVOR IN jON WEDNESDAY MEAGER VOTING , 1 - " Judge Sparrow Completes Work of Mail Order Cupid for Gold Hill Man There never was groom inori nervous, nur a bride more blush -Ingly demure than Levi Almori Hldrldgc, 5f, farmer of Hold Hill and Uizahoth I lelen Powers. 57. of H'l"tiH, California, w'.m were united in marriage for the f mirth time and second time, respectively, by Judge Ah1 Sparrow, In the county court rooms this morning. P Is true that Levi has only mi" rye, but he kept that one open throughout the ceremony to see that nothing was slipped over on him by eilner the bride or the judge. IP- demanded that her Hge he put down In black and while on the Ve'ords. failure to do that, be explained to the court, led him into no end of embarrassment and confusion upon the death of his last wife, whom be married In that very spot two years ago. Ills pres ent bride, a head taller and several inches wider than her spouse, blushed again at such InMistenee. "Men are so funny." she n-. marked. Judge Sparrow relieved the tension by sugicestlori that "legal age" he sufficient. The bride smiled her appreciation. The groom being deaf nn well as partially blind, tiiHite no tort Iter objection. "Will you promise to love, cher ish and protect her n lung as you both ma,y live?" asked the Jurigo SCHOOL BUDGET Seventy-Six Votes Cast in Matter Adopting $224, 527 Expense Plan i Eleven Voters Opposed- Confidence Is Seen. i The annual .-school district budget election of yesterday, held at tho, J-unior hiKh school building between the hours of and 7 p. in. ran true to form of receiu years in that a very llht vote was cast, te lack of Interest being undoubt edly due to the fact that no oppo sition had been expressed to the budKct. and also the confidence felt by the public In the school board personnel, school officials and the citizens school budget committee. Only "fi votes were cast on the budget, of which tit! were fur and 10 aKalnst. The Increase asked for 1'isi year of $25,4 !H .X A was ap proved by H'J to II, This Increaso was asked for principally for the payment of indebtedness and to care for the cost of tho additional rooms the school board was com pelled (o add in the hiKh school tust winter to take (fire of a 13 per cent lncreane in enrollment. Tho amount to be levied by this budget for 1U 30-31 Is $224,527.85, '( Continued on Puro Mix) , expectantly. There was no an- swer from the groom and no amoiit of prompting from the wit nesses, .Mr. and Mrs. tieorgo 8. . Hayes, of Helena. California, could bring one. "Silence gives consent," pro- 1 nniinced the Judge and passed on to the next one-lion. i "Have you u ring?" shouted I Judge Sparrow In the man's best , ea r. "King? No we don't need one. I've been thru this alt before," nnd : I'vi grabbed his bride's hand to , move that he knew the next step, It was after they were pronounced '. tunfi and wife that the groom In sifted on having his bride's age af fixed to the document. The couple's romance blossomed through the malls, they said. Mrs. Mowers had her ranch near I'H- ! t'lia. California, while Mr. Kldi .go H'I on Mime of his properly near (old Hill, Thk-y begun eorrevpond- . ing, through a mutual friend, and wHib'd all agreements before they i ever met. IjisL week, Mis. Powers sold her California ranch, ami shipped her ' turkeyH anil chickens to the home of her future npouc. They will ! rpend t heir honeymoon on Hie ;riold Hill ranch, where, they told the Judge, thfy expect to live hap pily "ever after." JOSEPH HI! ! MANNK n n Portland Attorney Will Not Bring Charges Against Mannix and Neppoch to Trial. Is Prediction in Dis barment Suit Contempt of Court and Threat Charged. I SAI.KAI, Ore., Nov. ft. A') That Ceoige W. Joseph, Portland attor ney, will never bring to trial tho case of Klvin C. Condit against Thomas Mannix and A. Neppach j is the prediction made by Mannix j in his answer, filed yesterday, to josepn s a is oar me ui proceeumgs against him. Joseph is Condlt's attorney in a suit against Mannix and Neppach for $ Hi 5.0 00 damages, . alleging that they fraudulently deprived him of his business and his pro perty. The reason Mannix predicts it will never go to trial Is. accord ing to his answer, that the suit is "trumped up" as a pretext "lo blacken the name of Justice Mc Bride." Joseph's purpose In this case, Mannix alleges, and also in his charge of Improper business relations among Mannix, li. V. Wickoy and Justice John L. Hand of tho supreme court, is to dis credit anil Intimidate the court with reference to- litigation in which Joseph is Interested. JiHoph and Mannix have each filed disbarment proceedings against the, other. JOach was ord ered by tho supremo court to fllo his answer yesterday. Poth com plied. H Is presumed the court will consider tho unsworn at Hh Conference today, glvo each a cer tain tlmo to reply, and then rotor the. cases to retoreea. JtCiwatM Charge, f One of Joaopn'a uhargOH against Mannix was tho sumo as uaod against Justlco Hanil In tho 'cam paign of JH28 when Hand wan a candidate for ro-electlon. This was that Mannix and i-J, VV. Wickoy held a $300,000 option to buy lrom Hand certain eastern Oregon mining property, and that this option was In effect while the K. Henry Wommo company suit to recover the H, Jlonry Wciiinio en dowment fund was pending In tno supremo court. Joseph alleged that 'Wickey owned tho li. , Henry Wemme company. That Wickey had such an option la denied by Mannix who declares that all theuu charges were made to bring Jus tlco Hand Into "public hatred and odium, and to destroy him In order that Ucorgc W. Joseph could at tain his own malicious ends." Mannix brands as contempt uf court Joseph's charge relative to a suit now ponding In the supreme court, whereby efforts uro made to recover $ti7,645.HO from Wickey, Dow V. Walker and August Wemme, brothor of the late hi. Henry Wemme. Ho avers that Joseph, through an article In the Portland Telegram, "has already attempted to determine what Judges shall sit when this case comes to he heard, all tor the pur pose or controlling the supremo court and of Influencing Its de cision." Kiutemcnt Hit Kclutlvo to a statement, said to have been mado by Joseph In his charges against Mannix before the grievance committee of the Mult nomah Par association, to the ef fect that warrants were procured for the arrest of Wickey, Walkor ami August-Wemme, Mannix says no such order was Issued against Wickey, and that the order for ! August Wemme's arrest was with out legal cause. He declares that August Wemme brought upon him self the hatred of Joseph because he tried to keep Joseph from dis sipating the hi. Henry Wemmo en dowment fund and connected with tho fund to his own client s at audi low prices as to Justify the presumption of fraud." Mannix brands iin ii "triri'til" H (liTlariitlnn hy .IiikcmIi that In- can liroilufe llnlxirtant rvklcnrf! relat INK to lh ajlftci'ri upllon mi Italnl'H propiTty anil intlmato rp latlnnHhl, rxlNtfiiK hi'tvi'iii .Man tilx anil Hun. I, hii.I he iSiiiIIi-iiki'ii JiiM'ph to i oil in thin evidence. I'Olfl'I.ANO, Ore.. Nov. 5. (A't .Urn Carroll, furmi-r Hkhi" storo owner, was named Mr-i-rctHi-y-itialt-agcr of the municipal boxing com mlKHlun today, There were three oilier applicants. Harry Hansen, proinntor. and Italph 'li u inn ii. another promoter, were iiKxIgned two dates on which lo " titan biixlng kIiows. Hansen, Novimher 111 and Dncninher 3 and Oruman, November 21 and De cember la. Lone Resides Gotham Pre Casts a xi:w yoiik, Nov. fp (Jeorne Schradcr, Ion.' resi dent or tho ItMh election dis trict oC tho loth assembly dis trict, today cast the one Vite Hint tlu city had appointed four election clerks and tinj policeman to receive in the city election. chrntltn- did not vote until late In the afternoon, after walking to the polling place and peering in early in the morning. The election hoard after waiting nine hours lo receive the .single ballot had to wait three more houra until offic ial closing time at six o'clock to count it. 10 MCULLOCH Former Ohio Congressman Appointed to Fill Vacancy Caused By Death Full Co-operation With Presi dent Hoover Is Promised C'OLL'.MIIUS. Ohio, Nov. 5 (P Former ConKreatiman, Hohcoo C' McC'iilliifli, Canton, today was ap pointed United HtatcH Hcnator from Ohio hy Gov. Cooper, filling a vacancy caUHCd u woek uro by tho death of Senator Theodoro E. Burton. McCulloch hud served a year us chairman of the Btuto pub lic utilities commission. McCulloch, was born on a farm In Holmes county, Ohio, Novom hcr 27, 1HHU. Ho was oducated In the lllllcrsliurg, Ohio, public Hcliuols, Jatcc uLluudcd. Ohio Stale unlverslly and was Kraduatod from tho Western Unserve law school. Ho was admitted to tho bar from (.'anion, Hccenibor 5, 11103. Willi the exception of his ser vlco on tho utilities commission under tiovernur Cooper, ho had devoted most ot his tlmo slnco to private, piuctlco of luw at Canton. Ho Js married and has two chil dren. ' COLL'.MHIJH. Ohio. Nov. 6. -(fl In a statement accepting the appointment as Junior United Hlulos Senator., from Ohio, Itoscoo C. McCulloch uf Canton today said he was In complete accord with President Hoover's policies, nnd that at all -times ho would co operate With and support tho administration.- E NOM K, Alaska, Nov. 5. ifP) i Afini hnvlncr linen furred down by a snow storm ubout 12 milea from ( apo Rerdge, Hlberln, puota wen I'lniy.m nni Wunlf Dorhrandt of ii.,. aiiimUh Ah'u-iivs. were In Nome yesterday after a round trip to the Hlhcrian coast for rurs ami passen gers. Sllv tnnmliei'K of the crew of the steamer Nanuk and more than i $100,1)00 in furs were m-ougnt io Nome by the two planes. The ships were being made ready at Tttiimv a hoik it todav for another I hop to the Hiberlan coast. I Both pilots reported Having neen ,..i .i i.i. noii ii it Kuk loin vil lage where they were entertained 1 In native fashion. j FOR ATLANTIC FLIGHT XKW YOltK. Nov. . wl'i The four Itusslan aviators, members of the erew of tho l-and of the Sov iets which flew from Moscow o New York, have wired Hoviet of- flelals for permission to fly across the Atlantic ocean to Kngland. They hoped to leave in two weeks from Jlarbor (trace, Newfoundland.- NURSE'S DEATH FROM PISTOL ACCIDENTAL HI'OKAXi:. Wn- Nov. 1. (Pl MIkh Hull! K. Orieli, 27, a nurse, accidentally mIioi and killed herself with her own pistol In a bedroom of her brother's homo hero tonight. I i. Curtis, In a bedroom with the young woman at the time, said she was examining a pistol pre-, paratory to starting on a hunting trip. Police accepted his story and exonerated him. W, C. Oriel), tho, brother, and his wife, also wore . exonerated and released from cus- J tody by police. ! ! BURTON'S SEA! IIN SENATE GOES! .MOB IN 1! GAMBLING Charges of Senator Robin son Vigorously Refuted By Democratic Chairman Buys Stocks Outright Is Assertion Sell When Profitable Says Record Speaks for Itself. WASHINGTON, Nov. 5. (1 In reply to tho charges of Senator Robinson, Republican of Indiana, Chairman John J. Raskoh of the Democratic national committee, vigorously denies that he is a ''stock market plunger." "The answer :s t:iat I do not gamble on the stock market," ho said in a letter read in the senate late yesterday by Harrison, Demo crat, of Mississippi. "I have al ways purchased stocks outright in vesting in the securities of those companies that I thought had an attractive future, and'have held the stockst until such time as I felt they were selling for all they weru worth." In commenting on the re cent decline of security prices on the New York Block exchange, Hoh inson declared Raskob partially responsible through over optimis tic statements as to tho future business and accused him of hav ing advised wage earners and low salaried workers to speculator in the market. All this Raskob vehemently de nied. His letter Included a lengthy resume ot interviews with him and statements issued by him over the last several years. These, ho saltl constitute a record which "speaks lor Itself and clearly refutes" Sena tor Robinson's statements. "But before the senator from In diana again attempts to contuse the. public," the letter continued, "1 suggest lie read the articles In the Ladles' Home Journal .to which he referred, in order that ho may ap preciate thore Is no invitation to speculate advocated therein." n HAS FRANCISCO, Nov. 5. uP) Tho Great Northern railway, if Its Klamath Falls extension in granted by the Interstate com merce commission, plans to run its crack train "The Empire lUilldor" direct from Chicago to 8an Fran cisco, authoritative circles learned today. The proposal for .the new through service, it was stated, will he laid before the commission at Its public hearing on the project there starting Novemher 13. 1 Will Rogers Says: v .BEVERLY HILLS, Ciil.; Nov. 5. Went lo sec onu of the modern football (rallies, tintl the thing that struck tin old timer wan that on every ploy there would he 22 dif ferent ni e n facing each' other. They could go in, and e o hi c o u t, go in and e o in e out, in fact. that's what tired 'em out, was going in and out ko much, Imagine haschiijl if every time yon wanted u ty,' ball caught, yoil could semi in Speaker. Until eouUl o telephone and come back niid bat again. The good pilehe" nun Id stay out till they gol, three men on, bases, then come in and strike 'em out and then go eat hot dogs till three more got on, thi n eoiue hack in again: or illumine, a prizefight every time one got hit send 111 another fighter. Voodhall don't need veferees. They need t'nited Slates cen sus takers. And that's what is drawing the erowds. Peo ple want to see how many boys attend eaeh eollege. An old alumni. i ft I i