Tribune's Cooking School Opens Next Wednesday at Craterian
The Weather
For wast : Fair and moderately
narm tonight and Saturday.
Temperature:
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Lowest this mornlnt ... 8
Medford Mail Tribune
A growing circulation
Th circulation of th Mall Tribune
la growing rapidly. Hundreds of new
readera have been added In the paat
few monttia. Paid-up circulation la
the mud that pays Ad. dividends.
Twenty-eighth Year
MEDFOKD, OREGON, FRIDAY, MAY 26, 1933.
No. 56.
t, i mil mn u m
J Ira 11 HU i Sa
ROOSEVELT ASKS BUILDING SUPPLY I I
CONGRESS ACTION
Law Would Make Payment
Possible by Foreign Debt
ors in Any Legal Money
Frees Many Handicaps
IBy the associated Press)
WHAT GOING OFF GOLD
STANDARD BY I4AW WILL MEAN.
Government bonds need not no
redeemed In gold, but can be paid
In any legal money.
Private debts, such as mortgages,
can be paid- in any legal money
regardless of whether the original
contract stipulated gold.
The war debt owed by foreign
countries can be paid In any legal
money, gold not being necessary.
It will be unlawful to stipulate
gold, in contracts made hereafter,
as the medium of payment.
All coins and currency legally
Issued will become legal tender
for payment of public or private
debts. '
WASHINGTON, May 26. (PI
Senator Glass (D., Vs.) said today
the courts would hold the ad
ministration proposal to make all
contracts payable In legal tender
money unconstitutional "If there
Is any Integrity left In the courts
with any regard to the sanctity
of contracts."
WASHINGTON, May aS.-i-Prasl-dent
Roosevelt regards the gold re
peal resolution merely as a legal rec
ord of what Is an already accomplish
ed fact.
WASHINGTON. May 28. (API
President Roosevelt has decided that
the United States should go off the
gold standard by statute , .
He today - requested Chairman
Steagall of the house banking com
mittee to introduce a resolution to
place the United States off the stan
dard by law.
The Alabama democrat confefred
;lth the president at the White
House.
Later he called newspapermen to
Ills office and read a copy of the
resolution which he said "declares
tho United States off tho gold stan
dard by statute."
Ends Gold Standard
"It repeal the "Gold Standard
Act" Steagall-sald. adding that un
der the resolution no bonds, no obli
gations of the federal government
and no obligations of any form would
have to be paid in gold or gold cur
rency upon the enactment of the
measure.
He said It would be possible for
the foreign debtors to pay the Unit
ed States their war debts In any
legal money.
"This bill frees the United . States
from the obstacles and handicaps of
the gold standard," he declared.
"It la an administration bill and a
part of President Roosevelt's emer
gency relief program."
Stabilizes Dollar
In addition, Steagall said the law
would make It unnecessary for Presi
dent Roosevelt to devaluate the gold
dollar under the Inflation provisions
of the farm relief act.
Steagall termed the measure one
'Of the greatest steps toward stabiliz
ing money In the United States.
All legal money uhder this .act, he
asserted, would meet all obligations
payable in gold.
Chairman Fletcher of the senate
banking committee will introduoe an
Early hearings will be held and
Steagall expect action to come In
both congressional branches next
week.
PROVES FATAL FOR TO!
HOOD RIVER. Ore., May 58 (AP)
Complication which followed an at
tack by a large prize rooster resulted
In ths death here last night of Carol
Krelg. 18 months old. The baby was
slashed deeply when, the bird flew
at her as she wandered into the back
yard. She auffered concussion of the
brain but her death was ssld to have
been due directly to pneumonia
which appeared as a complication.
PATIENTWALKSOFF
WITH RADIUM TUBE
OKLAHOMA CITY. May 29. (UP)
University hospital officials today
appealed for '.d in a search for Edgar
Miller. 38, of Guthrie, patient who
walked out with an $1,100 radium
bandage on bis Up.
They were as interested, more m
perhaps, tn firdin,? th pi- of d
hiv tApe that contained the radium
as me? rere in finding MJlex.
BIDS OPENED BY
FORESTRY CORPS
Eighteen bids amounting to about
$7387 on lumber and hardware to be
used in the construction of the Civ
ilian conservation corps camps, were
received at the headquarters (or the
Medford district yesterday afternoon,
and announcement was made today
of the awards, to firms in Medford.
Grants Pass, Klamath Palls and Lake
view. No bids were received on camps at
Pistol river, Coqullle, Bear Camp. Mt.
Reuben and Agness, according to
Captain Edmund Nelson Hebert, who
said new llstments would be malted
out about Monday asking for bids.
Those receiving the contracts, must
be able to supply the Items in aIx
days, although the headquarters does
not plan to call for the supplies with
in that time, the captain said.
Food bids were to be opened at two
o'clock today, and the awards will
pdobably be announced Saturday.
Awards were made as follows:
Selma, 3-C Lumber Co., lumber, 3-C
Lumber, hardware.
South Pork, Rogue River, Owen
Oregon, lumber, M. P. and H. Co.,
hardware.
Elk Creek. Owen-Oregon, lumber;
Pick and Llndley, hardware.
Cottonwood. Lakeview Bldg. Mater
ial Co., lumber; Swan Lake Mldg. Co.,
hardware.
Upper Rogue River, Louis Brothers,
lumber; Pick and Llndley, hardware.
Willow Plat. Owen-Oregon, lum
ber; Pick and Llndley, hardware.
William Creek, 3-0 Lumber Co .
lumber: 3-C Lumber Co.. hardware.
Ingram, Lakeview Bldg. Mat. Co..
lumber; Hubbard Bros, hardware.
- Crescent, Miller Lumber Co., lum
ber; Swan Lake M'dg. Co., hardware.
Lake O' Woods, Woods Lumber Co .
lumber; J. W. Copeland Yd., hard
ware. . .
Paulina, Miller Lumber Co., lumber;
Swan Lake Mldg. Co., hardware.-
Applegate. Owen-Oregon, lumber;
M. P. and H. Co., hardware.
Silver Creek, Miller Lumber Co .
lumber; Swan Lake Mldg. Co., hard
ware. Location of the above mentioned
firms are as follows:
Medford Furniture and Hardware
Co., Pick and Llndley, Owen-Oregon,
Hubbard Brothers, Woods Lumber Co..
Medford; 3-C Lumber company.
Grants Pass; Lakeview Building Ma
terial company and Swan Lake Mould
ing company, Lakeview; Louts Broth
ers, Prospect; J. W. Copeland, Klam
ath Falls.
When Medford observes Memorial
Day next Tuesday with annual parade
and program, she will again honor
Constable George J .Prescott, who
was killed In the performance of his
duty as an officer March 16. The
memorial erected to his memory in
the city park by the citizens of Med
ford will be unveiled at an Impressive
ceremony following the parade.
The monument has been placed in
the city park to await unveiling.
Made by the Oregon Granite company
of Ashland granite, it Is a simple but
rugged memorial and carries an In
scription which- In simple language,
expresses Jackson county's apprecia
tion of the man who gave his life for
the protection of others.
STATE'S LAUNDRYMEN
MEETING AT DALLES
THE DALLES, May 26. (AP)
About 100 members of the Oregon
State Laundry Owners' association
were here today for the opening of
their two-day annual convention Of
ficers will be elected tomorrow.
Founder of "John Bull"
Dies Poor, Broken Man
LONDON, May 26 (AP) Horatio
Bottomley, founder of the weekly
"John Bull" and one-time popular
figure In English public life, died to
day after a long Illness at the age
of 73.
A spectacular career in British poli
tics, finance and Journalism, crashed
in 1922 at old Bailey court when he
was sentenced to seven years' impris
onment for converting to his own use
; 5000 pounds of funds he had helped
i raise for war purposes,
i Released from Maidstone Jail in
1027, he was a broken man. His voice.
J which aided in 'send! rig thousands of
recruits Into the world war. was
broken, his health had declined and
V '-fvinc - gone Finally he
...... fnr ari ol1 pension of a
1 few shillings a week.
NEW YORK, May 26. Jusf.ce
Bernard L. Shientag ruled today that
Joseph W. Harrlman and the Hc.rrl
man National bank perpetrated a
fraud upon depositors when it sold
them stock at 1,500 a share.
He awarded full Judgment in the
suit the first of a number of the
same kind to Mrs. Margsret Single
ton. Mrs. Singleton sued for the dif
ference between the amount she paid
for two shares of the bank stock and
what she alleged to be Its true value.
$200 a share.
Y
TO
The attorney general of Oregon yes
terday assigned Ralph E. Moody of
this city, assistant attorney general,
to prosecute the Jackson county bal
lot theft cases, involving 22 Indicted
persons.
Date of the trials has not been set
but will probably be within the next
two weeks.. - depending largely upon
legal moves by the defense and the
ability of Circuit Judge George F.
Sklpworth of Lane county now as
signed to the cases, to be here.
Defense attorneys of record at pres
ent in the case, are H. Van Schmals
of Burns. A. C, Hough of Grants Pass
and T. J. Enrlght. It has been re
ported, but not confirmed, that At
torneys Joe L. Hammersley and Frank
J. Loriergan of Portland, aces of the
L. A. Banks murder trial, will be re
tained. Murder Trial Delays.
Some delay has been experienced
in the ballot-theft trials, due to the
district attorney's office, and some
of the defense counsel being engaged
in the Banks murder trial, for the
past six weeks.
It Is understood from highly re
liable sources that a protest was filed
with the attorney-general against At
torney Moody continuing at the task.
Attorney Moody conferred with the
governor and attorney-general this
week on the situation.
Assistant Attorney-General Moody
was named to the position, due to the
sudden death of William S. Levens
the second day of the Banks murder
trial. His fair 'and fearless handling
(Continued on Page Eleven)
OREGON CITY, May 26. (AP)
Although unharmed by the bolt Itself,
Mrs. Oliver Jesaup of Portland suf
fered bruises and lacerations when
lightning struck the automobile in
which she was riding along the Clack
amas river drive. The shock threw
her against the windshield.' Jessup
and their 11-months' old baby escaped
injury and the automobile was not
damaged.
He refused aid, however, from
man who had exposed his frauds and
to the end ssld, "Let no man pity
me.'
When Mr. Bottomley directed the
weekly "John Bull." one of the fea
tures of the publication was Its fre
quent attacks on the United States
and Americans. The American-born
Lady Actor was one of his targets.
Mr. Bottomley was expelled from
the house of commons after his con
viction for fraud. Because of Illness
he was unable to attend the session
at which this action was taken, but
he wrote letter, saying:
"To me expulsion frn commons Is
a punishment greater and more en
rt-i. t-" -n .-iTnf of snv eurt
ni if it i. the v-r; refinement, the
apotheosis of torture."
Stocks Zoom on Roosevelt
Proposal Repeal Gold Act
GRADUATE NURSES
E
Graduate nurses from alt sections
of the state of Oregon, represent
ing 10 districts, gathered In Medford
this morning for the annual conven
tion of the Oregon State Graduate
Nurses' association, which will con
tinue through tomorrow.
Registration of visiting nurses in
cluded, early today: 38 from Port
land, four from The Dalles, two irom
Bend. 15 from Klamath Palls, one
from LaOrande. four from Baker, four
from Roseburg. four from Eugene and
one from Salem.
The first sessions were held at the
county court house and the morn-
lng'a program completed wttn a
luncheon at the Hotel Medford. at
which the Klamath Falls nurses were
hostesses.
Miss Louise Hagen Cliff, president
of the state organisation. Is presiding
at the state sessions. Other officers
of the nursing organisations In at
tendance are: Miss Grace Phelps,
vice-president of the League of Nurs
ing: Miss Jane Gavin, executive sec
retary of the Oregon State Graduate
Nurses' association: Marion Crowe,
superintendent of the Visiting Nurses'
association, and president of the bosrd
of examiners, and Miss Helen pisner,
president of the Oregon Organisation
of Public Health nursing. .-
Miss Phelps addressed the nurses'
today, outlining the educational pro
gram of the University of Oregon and
the advanced work now offered nurses
tn .a .five-year course'. -There are but
three affiliated echools In Oregon at
this time, she stated, end the re
quirements and atandards established
for nurses are constsntly Increasing.
Miss Crowe In an address today
emphasized the responsibility of the
examining board to the public. Ita
duty Is to protect the public health,
she stated, and the board Is directly
responsible to the public In the ease
of any failure to guard the people
against Inefficiency.
A clever stunt was presented at
the luncheon by the Klamath Falls
group, three members sppearlng aa
pelicans In a dance number. l ney
were Mrs. Jen Towey, Alice Campbell
and Emma Sems.
Much entertainment has been ar
ranged for the nurses during their
stay In Medford. This afternoon they
will be gueats of Mrs. Leonard car
penter at her attractive country home
at tea. A banquet at the Hotel Med
ford tonight will complete the day a
program. Attorney Porter J. Neff
will be the principal speaker on to
night's program t the Hotel Med
ford. The convention will open again to
morrow morning at 7:30 o'clock, and
the complete Saturday program In
cludes. Breakfast 7:30 a. m., Nandle'a Grill.
Medford. Business session, O. S. O.
P. H. N., Helen Fisher, president,
presiding.
Breakfaat 7:30 a. m., Hotel Medford,
Business session, Oregon State Pri
vate Duty section: Charlotte Wln
nard, chairman, presiding.
Morning Session Joint Meetings:
Helen Fisher, R. N., president O. S.
O. P. H. N presiding.
"Newer Trends In Public Health."
Vlolette Hodgson, R. N-, Asst. Di
rector, N. O. P. H. N., New York
City.
"Unemployment Relief In Relation to
Health," Jane V. Doyle, R. N.. ex
ecutive secretary. Portland chspter
American Red Cross.
10:30 Charlotte Wlnnard, chairman,
State Private Duty Section, presid
ing. Round Table discussion. Question
Box.
11:00 Louise Hsgen-Cllff. R. N pres
ident O. 8. a. N. A., presiding.
Unfinished Business.
Report of Resolutions Committee.
Report of Tellers. O. 8. O. P. H. N.
Report of Tellers, State Private Duty
Section.
Report of Tellers. O. 8. O. N. A.
Picnic Lunch MUs Phyllis Swesrtn.
gen'a cabin on the Rogue river.
P. M. Trip to Crater Lake.
MOSCOW, Idaho. May 3. (API-
Sheriff's officers wtVi bloodhounds
and posses of neighbors searched
through Moscow mountain timber
lsns tclaT fT 2-yesr-old DRlley
Hsmerly. who wandered away lrom
bi bom yeeteraay.
OREGON'S REPEAL
E
By IHONNIS LANDRY
United Press Staff Correspondent
STATE HOUSE. SALEM, Ore.. May
26. (UP) On the basis of sentiment
as expressed at the polls last Novem
ber, Oregon may be expected to vote
for repeal of the 18th amendment at
the special election July 21.
Given an opportunity to vote di
rectly for an out and out prohibition
question, the electorate voted 206,619
to 138.775 In favor of repeal of the
Anderson act, state prohibition en
forcement measure.
Jackson For Repeal
In Jackson county the vote on this
question was 7,147 in favor of repeal,
as compared to 6,116 against the dis
position of the Anderson act.
Only 8 of the 36 counties voted
against repeal, as follows:
For
Lane ,....10,3Ba
Agalnat
13,174
4,363
4,600
1,675
355
704
3.172
5,649
Benton 2.73B
Douglas 3,721
Hood River 1,319
Jefferson 363
Morrow 671
Polk 2.974
Linn 4.011
In the eight counties, the majority
for the dry was approximately 7,000,
less than than tha wet majority tn
Klamath and Clackamas counties. In
Multnomah county alone, - the wet
majority was 47.643.
Solon Show Change
A further drift toward wet senti
ment was expressed on seversl ques
tions acted on by the legislature. The
lower house wss extremely wet, the
drys hardly mustered a dozen votes
on some of the issues.
(Continued on Page Pour)
SALESlAXLOSES
WASHNGTON. May 26. (AP)
The house today rejected the sales
tax as a means of financing the $8,
300,000 000 public works section of
the Industry control bill.
The vote assured the acceptance
by the house of the provisions for
an Increased incoe and gasoline tax.
Action came on motion of Repre
sentative McCormack (D., Mass ) to
send the bill back to the waya and
means committee for inclusion of a
2'fc per cent sales levy in lieu of the
Income and gasoline tax Increase pro
gram. He estimated the sales tax would
return $286,000,000.
WASHNGTON, May 28 (AP)
The industry control -public works
bill was passed today by the house.
E
GET TWO YEARS
WASHINGTON. May 26 (AP)
Gastcn B. Means and Norman T.
Whltaker were sentenced today to
serve Jail sentences of two years each
for conspiracy to defraud Mrs. Evalyn
Walsh McLean of $36,000 in a Lind
bergh baby hoax.
They were recently convicted after
a trial during which Charles A. Lind
bergh took the stand.
Means, a former department of Jus
tice agent, already Is serving 15 years
for defrauding Mrs. McLean, estrang
ed wife of Edward B. McLean, for
mer publisher, of the Washington
Post, of $104,000 on false representa
tions that he could locate Vie kid
naped Lindbergh child.
WASHINGTON, May 26. 4lFt The
reconstruction finance corporation to
night authorized loans totaling 23,
200.000 to the Southern Paciilo. rail
road.
The first loan of $22,000,000 will be
used to men equipment trust ma-
ttimies. interest on the road's fund
4 debt and Judgments dua by Janu-
l&rf U 1934,
BASEBALL I
National,
R. H. E.
Now York 6 12 1
Pittsburgh 6 12 2
Fltzslmmons, Bell and Mancuso;
Melne, Harris and Padden.
R. H. E.
Brooklyn . . 2 7 0
Cincinnati 3 7 1
Clark. Mungo and Lopez; Johnson
and Man ion.
R. H. E
Boston 3 10 1
Chicago .................. 4 9 2
(10 Innings!.
Betts snd Hogan; Root and Hart-
nett.
American
R. H. E.
Cleveland 5 7 3
Boston 6 9 1
R. H. E.
Detroit 10 14 0
Philadelphia 16 5
Rose and Hayworth: Walberg, Mc
Donald, Peterson, and Cochrane, Mad-
Jeskl.
R. H. E.
Chicago -..... 8 16 3
New York 6 9 1
Gregory, Faber and Grube; Ruffing,
MacFayden and Dickey.
R.F.C.E
(Copyrighted by MoClure- Newspaper
Syndicate)
By PAUL MALLON
Washington. May 26. A trustworthy
officer of the R. P. C. has disclosed
confidentially that the Morgans have
something of a pipeline into that
government corporation. He blames it
on the the Republicans.
He claims to have discovered thut
government engineers for the New
York district were selected by a Mor
gan directed bank. It seems the cor
poration asked the banks to pick the
personnel when it first started up. As
a result a number of so-called Mor
gan men are supposed to have been
named.
That Is very Important because the
engineers make recommendations to
the corporation as to whether govern
ment loans should he granted or not.
They have the power to favor their
friends.
This and some other evidence of a
similar nature Is in the confidential
files of the senate Investigating com
mittee which is starting into the Mor
gan matter.
The fact Is committee Investigators
are not fully prepared to go on with
the Inquiry now. Their evidence is
not in proper shape. They wanted to
delay the hearing.
Those In authority declined to do
(Continued, on Page Two)
KLAMATH RANCH HAND
IS KICKED TO DEATH
KLAMATH FALLS, Ore., May 26.
(AP) George Benson, 47, ranch hand,
was kicked to death by a horse last
night. The accident occurred on a
farm near Mai In while Benson was
completing his evening chores.
Wide Authority Given
Moody in Prosecutions
Trw full text, aa filed, of the ap
pointment of Ralph E- Moody, aa as
alatant attorney general, to prosecute
the ballot theft, criminal eyndlcal
Ism, criminal libel, "and In any auch
matters or things." and to conduct
grand Jury lnvestlgstlons, Is aa fol
lows: State of Oregon, County of Marlon,
as.
t hereby certify that 1 have assign
ed and do hereby assign Ralph B
Moody, assistant attorney-general of
the State of Oregon, to appear for
and represent me and In my name
and stead to do and perform any and
all acta for and on my behalf, to the
full extent that I could do the same
If personally present, in appearing be
fore the grand Jury of the circuit
court of the Stete of Oregon for Jack
son county at the present or any
succeeding term thereof and taxing
charge of, managing and conducting
the Investlgstton and presentation to
aid grand Jurv of the fa'ts. trana-
I actions and circumstances connected
wltb alleged Roiauona qf (bt orlmln-
$1 TO $9 GAINS
ARE GENERAL IN
HEAVY TRADING
NEW YORK, May 36. ( AP) Led
by a number of specialties with gains
of 1 to around 9 or more points.
stocks leaped to new high levels for
the year today with a last-minute
buying rush enabling most of tho fa
vorites to record their best prices of
tho clay. The date upturn was at
tributed largely to President Roose
velt's proposal for the repeal of Vie
gold standard act. The close was
strong. Transfers approximated 4,
300,000 shares.
NEW YORK, May 26. (API-
Stocks swept Into a buoyant advance
today when the market learned that
President Roosevelt had proposed re
peal of the gold standard act Gains
of $1 to more than $o ware general.
while a few shares made even larger
advances.
Issues of gold mining companies
rallied sharply, Homestake rising
more than $17 a share to around
$217 a share. Alaska Juneau and
Dome mines gained about $2 each.
Scores of shares, many of whioh
had lagged during an earlier spurt
by a handful of specialty Issues,
Joined the advance with flourish.
American Telephone and U. S. Steel
surged to new highs under the fresh
inflationary sentiment. Grain mar
kets closed before the announcement
was made.
Sales approximated 4,600,000 shares.
Cotton closed with net gains of
$1.95 to $2.10 a bale. Silver futures
were firm while sugar showed a
strong tone In late dealings
The president's proposed action
took Wall Street by surprise, altho
bankers pointed out that the pro
posed action was a logical oonse-
( Continued on Page Eleven)
T
FRAMINGHAM, Mass. May 26.
(UP) A mother confessed today that
she gave her children a farewell
party, put them to bed, kissed them
good night and then smashed their
skulls with a hommer.
Frlgntened by what ahe had dons,
the told police at Framlngham hos
pital, she then soaked the children
and their little tenement flat tn kero
sene and set them afire. Three of
the youngs terst died and a fourth.
Paul. 8, is believed dying of a skull
fracture and burns on a hospital cot
near his mother, Mrs. Nellie Dycz
heskl, 34.
The dead children were Irene, 11
Chester, 7, and Eugene. 5. Their
father, who has been Jobless for two
years, was looking for work.
SENATE INVESTIGATOR
GETS SMALL SALARY
WASHINGTON, May 26. (AP)
The pay that Ferdinand Pecora gets
as senate Investigator of the billions
tn transactions by J. P. Morgan 4c
Company Is $225 a month.
a laws In connection with the at'
leged theft or disappearance of bal
lots, ballot boxes, and pouches, or
any thereof, from the court house or
Jail of the county of Jacltson, State
of Oregon, alleged violations of the
laws relating to criminal syndicalism
and criminal libel, and the violation
of any criminal law of the Stat of
Oregon Involved In any auch matters
or things, or having arisen out of any
such mattera In aald county, and in
prosecuting before said circuit court,
or the circuit court of the State of
Oregon for any county to which any
of such proceedings may be transfer
red at the present or any succeeding
term thereof, any person or persons
who msy be duly charged win any
crime for the violation of any the
said criminal lawa, in accordance with
the lawa of the State of Oregon In
auch cases made and provided.
Done at slem, Oregon, this 25th
day of May. Wi
I. H. VAN WlNKLs!.
Attoraey-Oeaer4l.
TENSION TIGHTENS
AS MORGAN PROBE
BARESJCTIVITIES
Pecora and Carter Glass
Clash at Hearing Quiz
Counsel Hints Resignation
Huge Profit Is Shown
WASHINGTON, Msy 38 yp) flup
pressed tension over the senate'
Morgan Investigation burst forth In
dispute at today's hearing. In th
wake of disclosure thst the wealthy
banking house controlled the United
corporation utilities atock holding
organisation which In turn Is afflll-
ted with companies doing 33 per
cent of the electric and gas output
of the nation.
A few minutes latei the Investiga
tion wss recessed until next Wednes
day. Carter Gla Fumes
Senator Carter Olass of Virginia
fumed over the tactics of Ferdinand
Pecora, th rigorous New York attor
ney who as counsel for the inquiry
hss had J. P. Morgan and on of his
partners. Cleorge Whitney, under
stringent examination In the paat
three days: and today drew further
evidence of Morgan activities from
Oeorge Howard, president of th
united corporation.
The Virginian demanded, to the ex
citement of the crowded audience, to
know the exact course of the Inquiry.
He rslsed questions about Pecora'a
retention a counsel, while silence
fell on the huge hearing hall.
Pecora flints Resigning
Pecora returned In kind, drawing
applause with a veiled hint that hta
resignation could be hsd .If th oom-.
mtttee asked.
Through Howard, he had developed
that the united corporation reoelved
from Morgan stocks n various utnli
tle concerns in the '39 boom days at
$13,000,000 leas than their market val
lie: and that the banking house had
In consideration obtained a domin
ance over affairs of the United cor
poration. Rug Profit Seen
Zt waa likewise disclosed by nyl
questioning of Howard that through
a Morgan-United deal, the banking
firm was given options on a million
shares of United corporation at on
dollar each at a time when It could
have been sold within a month to th
tune of a 138.000.000 profit: or at
some 130 more than waa paid for each
option.
With the Olass-Pecora clash, will"!)!
set the room momentarily In an up
roar, Chairman Fletcher of the com
mittee defended the persistent coun
sel, and th Florida senator also draw
applause from the throiur that wait
ed every word of the teatlmony de
spit the oppressive heat of the day.
Members of the crowd pressed
around the table to watch the con
troversy. PORTLAND SCHOOLS '
IN EARLY VACATION
PORTLAND. May 36. (AP) School
was "out" today for the 63,000 chil
dren of the grade and high schools of
Portland. - The term closed two weeks
earlier than usual. September 18 has
been set tentatively by tho board aa
the date for opening the next term.
WILL
fe$ DOGERS
$aysm.
WASHINGTON, May 25.
Back in hero to see the "Mor
gan Follies." You know he
has made himself a mighty
pleasant and agreeable witness.
This "preferred list" that they
read yesterday, everybody
that's not on it is knocking it.
Some think the whole trial
won't do much good, but 'any
time one half learns how ths
other half lives, why it does lis
all go"d.
Toil ace there is a lot of
things these old boys have
done that are within the law,
but it's so near the edge that
you couldn't slip a safety razor
blade between their acts and a
prosecution.
Tours,
Sltll MaXiHiat Irn.lMt. Im
r