ir r
Tribune's Paid Circulation Greater Than Combined Paid Circulation of All Other Jackson County Papers
The Weather
Forecast: Unsettled Sunday; occa
sional rain. Normal temperature,
temperature.
Highest yesterday 49
Lowest yesterday ' S9
TweDtyreijilith Year
By PAUL MALLOV
Copyright, 1034, By Paul Mallon
WASHINGTON, Jan. 19. The angry
young democratic congressmen who
have- been ranting against the- Roose
velt patronage methods are. not really
angry any more.
In fact their rebellion ha taken on
auch a tone of amiability that It can
hardly be recognized any longer a a
first class revolt.
They forced the house democratic
leaders to call a caucus on patronage
and they were belligerent about It
then. But when the doors were locked
and the secret caucus discussion be
gan, It was evident they wanted to
be good fellows alter all.
Old timers swear It was the tamest
party pow-wow held In a long time.
W heels
' Those who know how the house
wheels go around say that the magi
clan who brought the metamorphos's
was none other than Joe Eyrns, ex
perienced floor leader.
He noted that many of the revo'.t-
era were newcomers elected In the
Roosevelt sweep. A good many were
from normally republican districts In
the north, middle west and Pacific
region. The southerners and experien
ced party men generally kept their
shirts on.
Mr. Byrns Is supposed to have gone
to each of the newcomers and said. In
a fatherly tone, approximately tnis
"Do you think you are sitting In
the White House today because you
are a great man? Nol You were elect
ed In 1932 because Mr. Roosevelt was
a ffreat man.
"If you are going to be re-elected
this year, it will be for the same
reason.
"If you are a smart man, you will
not pull the coat-tails on which you
are riding."
Pap
Th boys atlll want their patron
age. They will always want It. No
matter how much they get, they will
alwaya want more. But certain un
hurried and' minor concessions have
been made to them. One auch con
cession makes a paphouse out of the
august congressional library. Others
will fall to cure their appetite.
Out in the states generally the lid
has been off for some months now.
Political Jobs are not being doled out
as fast as the OWA is doing It, but
the slow and quiet method of re
placing republicans with democrats Is
proceeding at, say alxty percent of a
maximum possible gait.
That la fast enough to keep the per
petual revolt down to the proportions
of merely chronic dissatisfaction. It
probably will continue In that cate
gory Indefinitely.
Garner
Those who know Garner say the
vice president la vitally Interested In
only one Job In Texaa. That Is the
San Antonio postmastershlp. He Is
nnnniul t.n hnVA nromlsed tO help S
friend get It, while his successor in
the house. Mr. Kellogg promised is
t,nth.r
Garner's associates aay that is the
extent of his Interest in tne propo
sition that he take over Texas pat
ronage from the congressmen.
The proposition apparently origin
ated, NOT with Garner or with the
congressmen, but with a Texan close
to Farley who was Interested In pro
moting peace.
It makes no difference now because
the Idea has been dropped and prob
ably will not be revived.
Martyrdom
irmn Huria .wore a martyred look
when he folded up his desk In the
Interior department PWA ana re
.tnAH rt. u minnosM to have brought
rest sorrow to the Parley household
where Hurja long has functioned as
an efficient political handy man.
The implication was that Secretary
Ickes had shut down tight on Murjo
and Farley, and there waa no use for
Hurja to continue.
Only the latter part of that deduc
tion I. fiiN-nrate.
Hurja did not leave until all the
good PWA jobs had been doled our
Dollar
The wise men of Wall atreet gener
ally do not accept the Washington
view that Mr. Roosevelt will complete
the process of dollar devaluation and
stabilization soon.
They doubt that he will break any
speed records in seeking a stabilisa
tion agreement with Great-Britain.
Their opinion la baaed on the sup
position that Mr. Roosevelt will wan:
to hold hie power over me oon
long as possible. They believe he w'll
he reluctant to end It all, flnslly snd,
forever, because he may want to use.
It as a psychological stimulant some
time in the future. I
That may be, but as a general prop-1
oaitlon Wall street has not been very,
good at reading Mr. Roosevelfa m'.nd.j
Notes
The best banking circles have been i
expecting for days that Fred I. Kent. I
the New Yorker, win nave enww '
handling the Roosevelt currency
(Continued on Page Six)
Mill Raided.
VANCOUVER, wash- Jan. 30 (AP)
An alcohol atlll whlrh federal of
ficers said waa the most complete
they had ever seen, and which they
estimated must have cost JO OOO, was
seized and s i men were raptured m
a rsid on a large bin- lest main
bo-- ft i r-. eght miles
aorta est pi Vancouver.
Medford Mail Troun;
E
LOW DOLLAR AC!
BY 36040 VOTE
'Gaq Rule' Halts Debate and
Charge Made Few Can
Explain It Bourffons Gay
and Oregon Solons in Fold
WASHINGTON, Jan. SO iVT The
Roosevelt dollar-devaluation bill to
night swept through the house to
passage by a smothering majority of
390 to 40.
A noisy Impatient membership
rushed the measure through the final
stages, with debate almost entirely
shut off at the motion or democratic
leaders, backed by their huge voting
strength.
Republican leaders complained time
and again of "gag-rule," and charged
the democrats with Ignorance of the
measure they were passing. One.
Beedy of Maine, went so far as to as- j
sert that "not twelve men" of the1
435 In the house could explain its
provisions to their constituents.
But the democrata, relying conf:- 1
dently on the leadership of President:
Roosevelt, shouted down all amend
ment except those offered on behalf
of the administration, and demanded
a roll call vote to put all, republicans
and democrata alike, on record as op
posing or supporting the president.
Amendments Lose
Realizing they fought a hopeless
cause from the start and had not the
slightest chance of defeating the bill,
the opposition concentrated upon an
effort to put a. board In charge of
expenditures from the two billion
dollar stabilization fund. The bill
specified that It be administered by
the secretary of the treasurer.
When the question was put to an
oral vote, the proponents of the
amendment shouted their loudest.
The confident democrats laughed
when they demanded a rising vote and
were borne out when the count show
ed 108 against the amendment to 73
In favor of It.
While the house was considering
the bill. Secretary MorgentHau ex
plained government financing plans
to the high officers of the federal re
serve system and received assurances
of their support. The conference ex
tended over several hours and gave
opportunity for a thorough review of
the financial situation,
A total of $10,000,000,000 must be
borrowed In the next five and one
half months. A treasury amendment
voted Into the bill was designed to
facilitate this huge operation.
In the senate the devaluation meas
ure waa atlll In the committee stage:
Rills Purposes
Specifically the measure proposes
four things. It would:
Give the treasury title to all the
nation's monetary gold stock, Includ
ing that of the federal reserve banks.
For so per cent of the dollar s pres
ent gold content as the upper Jlmlt
of the gold value of the dollar after
revaluation.
Eauia the administration with
fund of a.000,000.000 obtained from
the added value of the gold after de
valuation of the dollar, the fund to
be used In the purchase of foreign ex
change and other commercial Items
for the purpose of stabilizing tne tor.
elgn value of the dollar.
Enlaree the acone of treasury au
thority for the Issuance and flotation
of government securities to simpmy
the huge refinancing task that lies
ahead. This section would make It
possible for the treasury to purchase
any type of government aecurity with
anv other type and sell Issues of se
curities privately without making an
offer to the general public.
Only two house democrats Clai
borne of Missouri and Terrell of Tex
as voted against the bill.
Thirty-eight republicans who voted
asalnst the bin.
None of the Oregon representatives
voted against the bill.
'RETAIL CHAIRMAN
PORTLAND, Ore, Jan. a0.-fAPi
Retail code authority chairmen and
secretaries for Oregon, approved at
w..hinDtm n r . were announced
lere late today by Edgar Freed, state
NRA director.
The selections: Eugene. Fred t.
Beard, chairman, I, O. Harlsn. sec
retary: Medford. r.. T.. vVMwin, chair
man, A. ft. nanwell secrelar ; Pen
dleton. J. D. McKee. chairman, B. W.
Burnett, secretary: Astoria. Frank
Wow-field, chiarman. W. H. Nelson.
.rt.r. .nrf Htllshoro. 3. H. Gar
rett chairman Mrs. E. M. Barnes, sec
retary. E ' Prank Douglas. Portland, was
named chairman of the, Otegon food
and gTorerv distributors' code authority-
.
Ware rarlej f all".
SANTA ROSA. Cal, Jan. 20 (API
Efforts to tlx a standard wage In
California for hop field workers dis
closed such1 varying lfbor conditions
that no agreement was readied at a
meeting of growers here today.
rnwmen Rant Credit.
PENDLETON. Ore, Jan. 20. (AP)
Sentiment for formation of state
wide credit association to make leans
-i sheep snd cettle nin'iT Is rrroalir,
112 tl'r-tl'C c-:t ravrrn Cr'-gin, stock
men htn CyJb
DESPERADO FREES
Ambushing a working party at the Eastham state prison farm In
Texas, Clyde Barrow, Texas' moat notorious gunman, laid down a ma
chine gun barrage that wounded two guards and permitted the escape
of five prisoners. One of them waa Raymond Hamilton, Barrow'a former
companion. Above Barrow la shown in a snapahot found after the out
law was forced to make a quick get-away from a posse. Inset Is Bonnie
Parker, two-gun companion of Barrow who wa believed to have aided
him. (Associated Press Photos
SEATTLE PERILED
BY SLIDES
T
S
PORTLAND, Ore., Jan. 20. (AP)
Storm warnings were ordered up to
night at all coaat guard stations,
from the mouth of the Columbia
river to the northern extremity or
the Washington coast.
The sea was rough, rain waa falling
and a 31-mlle wind was recorded at
the southern end of the promised
coastal storm.
SEATTLE, Jan. 20. (AP) Water
soaked hillsides menaced many
houses and streets In Beat tie tonight,
with a prediction by the department
of streets and sewers that the danger
will Increase with continued rain
fall. While residents' claims against the
city on account of slides passed the
$200,000 mark, all flood damage re
pair and slide removal work on King
county roads waa halted In com
pliance with orders from the civil
works administrator, which la cur
tailing expenditures pending congres
sional appropriation of additional
funds.
E
BY TOT WITH
PORTLAND, Ore., Jan. 20. iff) A
shotgun In the hands of Hesden Met
calf Jr., six years of age, discharged
and tore a portion of flesh from the
thigh of his brother Roland, 4. Hob-
pltal attaches said the child would
recover. v
Their parents, Mr. and Mrs. He.sdfn
Me teal f of Eugene, had left the boys
here with their grandfather. G. W.
Mctcalf. Hesdm Jr., discovered his
grandfather's shotgun and brought
It Into the living room to ask how it
worked.
The grandparent cocked the gun
and the lad pulled the trigger, po
lice said they were Informed. Roland
was bending over some toys when
the discharge struck him.
DENY ASA KEYES
LOS ANGELES, Jan. 20. (AP) By
an unanimous vote, the board of
governors of the California State Bar
( today denied Asa Keyes, former dis
trict attorney of Los Angelea county,
Jils application for a recommenda
tion that he be permitted to practice
law again.
It will be two years before Keyes,
convicted of bribery In the Jullsn
: oil case and who aerved a term In
j San Quentln, can again file a peli -
'; tlon (or reinstatement, according to
I the atatutes of the state bar.
The board of governora held that
, Keyua "had not sufficiently re.'ia
j bllltated himself In the eyea of the
1 public to warrant a recommendation
j that he be reinstated to the Call-
lornia unr.
Market hall.
NAMPA, Idaho. Jan. 20. (AP)
The Albion Normal school basketball
team defeated Eastern Oregon Normal,
45 to 37 today In consolation game
of the regional tournament here.
l;ijuetrlenne Hurt
BEND, Ore, Jan. 20 (API A
horseback ride resulted In painful
but not serious injuries here today
for Miss Marlon Bowen, formerly
with the L'nlversltv of Orecon social
t ."rvlre a'sff. Miss Bowen lot con-
imi of her '"t una was thrown
WOJ? I gj, gl ;2ck4
AND NEWS
MEDFORD, OREGON, SUNDAY, JANUARY 21, 1934.
FIVE CONVICTS
EREE 5 HOSTAGES
KEARNEY, Neb., Jan. 20. Of
ficers of two states searched tonight
for five gunmen who held up the
Port Kearney Stat bank here today,
abducted five persons and escaped
with $10,800. Toe hostages were re
leased unharmed near here.
Bank officials said the loot consist
ed entirely ofcurrency and was cover
ed by insurance.
Officers tonight said they had been
unable to find a trace of the gunmen
and believed they have fled Into nm
thern Kansas. The authorities "hore
were working on a clue that the two
automobiles used by the gunmen were
from Kansas City and were not stolen.
License plates used on the car which
carried the quintet away from the
bank were stolen about a month ago
In Grand Island. Neb.
It was the first bank robbery In
Nebraska this year and officers believ
ed the gunmen were the same group
which failed In an attempt to rob ths
Central National bank of Columbus.
Neb., last Thursday. A bank officer
saw the gunmen In the Institution
there and when he hurried to a tele
phone to notify officers, the intrud
ers fled without loot.
Eight Nebraska banks were robbed
last year and the thieves carried away
$101,635.
NORTH PLATTE, Neb., Jan. 20.
(AP) A murder charge was filed here
today Against LeClede Stevens, who
alleged killed his estranged wife and
father-in-law, but- sheriff A. J. Sails-
burv said Stevens would remain In
Jail for the present at Greeley, Colo,
"We don't want to stir up any
trouble." the sheriff said. "There
was a little talk on the streets here
last night, though I haven't heard
anything tcdny."
The murder charge covered only
the slaying of John De Rolf. &.
Stevens' father-in-law and water
commissioner here. Mrs. Prances
Stevens, 30. also was killed after
Stevens, according to officers, broke
Into the De Rolf home last night.
MARSHF1EL.D. Ore, Jan. 20. (API
A committee to Investigate alleged
Illegal practice of law In Cooa county
waa named at the annual meeting
here today of the Coos and Curry
County Bar association.
' The bar voted to support Judge J.
T. Brand for re-election to the circuit
bench.
"Rndlcal'' tendencies toward changes
In higher court procedure were scored
i by the Hon. Dexter nice of Roecburg
j in addressing the delegates st s bsn-
i quet following the business meeting,
He sdvocatcd leaving matt-ra of pro-
i ccdure strlrtly as they arc.
j ,
LOSES HIS TITLE
PARIS. Prance, Jsn. 20 (API
Alexis Mdivanl, sometimes called
Prince, will return from his honey
moon with his bride, the former Bnr-
bsra Hntton, to find his Paris diplo
matic pot vanihhed, hut a chpnc
awaiting him to be a Georgian pa
triot. Recofrnltlon of the erstwhile lega
tion of the pre-Soviet Republic of
Georgia, to which Mdivanl was at
tarhed as secretary at the time of his
murriac in Paris 1M. June, ha Wn
, ' - n by i he r.'n h govern
aeut,
COOS COUNTY LAW
METHODS PROBED
FOR KIDNAP PAIR
Bailey and Bates Go On
Hunger Strike in Federal
Prison Refuse to Divulge
Spot Where Coin Cached
WASHINGTON, Jan. 20. (AP)
Any Intentions that Albert W. Bates
and Harvey J. Bailey, ba-i men Im
prisoned in Leavenworth penitentiary
for the Urschel kidnaping, have of
starving themselves to death will
and have met with other Intentions
of the department of Justice.
Both men are serving life sen
tences. Along wit,1, the disclosure
today that both had attempted hun
ger strikes In the penitentiary. Jus
tice agents said that forcible feeding
of Bates had begun and would con
tinue If that were necessary, and
that the time might be near when
Bailey would eat whether he wants
to or not.
Bates went on his hunger strike
January 7 and forcible feeding was
undertaken January 19. Bailey start
ed his hunger rebellion January IS.
The forced feeding, authorities said,
is under the supervision of the Unit
ed States public health service.
Ola hands at crime, Bates and
Bailey were convicted of participa
tion in the kidnaping of Charles F.
Urschel of Oklahoma City. Urschers
family turned over $200,000 caah to
win his freedom.
Bates is reputed to have been the
banker for the kidnaping gang and
the government has Bald that his
part of the money Is still undiscov
ered. The two men, authorities said.
were placed in solitary confinement
In an effort to msKe mem ten wnere
the stolen money was cached.
Assistant Attorney General Joseph
B. Keenan of the criminal division
of the department of Justice said to
night Vie men were not in solitary
confinement In the sense that they
were confined in a dungeon, but that
t,hey occupied cells singly and were
allowed exercise and library privi
leges. Prison officials also disclosed that
George (Machine Gun) Kelly, serving
a life., term, along with Bates and.
Bailey, has professedly abandoned ,hls
former attitude of atheism and haa
taken to reading the Bible dally.
NEW YORK, Jan. 20. (AP) Re
publican leadera are supporting
President Roosevelt's "so-called" re
covery program and will continue to
do eo, "but only on condition that
It atsys within conatltutlonal limits."
Miss Sybil Holmes, assistant attorney
general of Maasschusetts, declared to.
day.
Miss Holmes was a speaker at the
annual luncheon of the women'a Na
tional Republican club, which was
sttended by some 1200 women from
20 statea.
Applause greeted her atatcment. and
the women alao applauded her plea
to prevent any "emasculating amend
ment" to the constitution or any
"specious attacks upon It."
There was silence, however, when
John Ersklne, the author, retorted In
hla speech. "If the constitution never
changes, it will be Just one more mu
seum niece."
Ersklne called the United Statea
"museum minded' because of what
he said waa Its alavlsh following of
Europe and the past.
Mrs. August Belmont urged Ameri
cans to "look, facts In the face" and
recognize the Inevitability of unem
ployment insurance. At present, she
said, there Is no wsy to meet the
unemployment emergency, except with
government funds.
"Today the government Is csrrylng
a major part of the load, and It can
never again put H down," ahe aald.
"It Is no longer question of whether
the government shall do It, but of
how."
She criticized the civil works pro
gram as an expensive form of relief
which Interferes with regular busi
ness, and said that "a little more con
structive planning" should hsve been
done before the program waa
launched.
PORTLAND, Ore,, Jan. 20. (AP
Strict compliance with the recent
CWA order curtailing the purchase
of materials would throw some 600
men out of work, the Multnomah
county commissioners advised Ore
gon's representatives In Wanlilngton
in an attempt to amend the action.
Frank Shull, ct.nmlsslon chairman,
said charges for transporting work
era to Inm. cewitble part of the coun-
lv hsve been charged to the CWA
. - nin' i"ri"ue iliev rt operated
CWA MOVE MAKES
500 MEN JOBLESS
STREET CAR CRASH INJURES 34
i ....... -r
One of the two San Francisco street cars which collided at an Inter
section, injuring 34 persons, two perhaps fatally. A defective switch
waa blamed for the headon crash. (Associated Press Photo 1
SALES TAX PULLS
SAN FRANCISCO, Cal., Jan. 30.
(Spl.) A balanced state budget by
June. 1035, was the prediction of Con
troller Ray L. Riley today as he
praised the sales tax as the best
method for overcoming a govern
ment's deficit.
This aspect Is particularly encour
aging in view of President Roosevelt's
program of revaluation, Riley said.
"If the President carries out his
program there la every reason to, be
lieve that California will end the
present biennlum In June of next
year with a surplus insteaa or a
deficit or 30 or 40 million dollars,"
he said.
In explaining devaluation, Rltey
said farmers and merchants will get
more for their products. Wagea must
be increased and there will be more
money in circulation
Riley explained that a sates tax is
the only form of taxation that can
keep a government out of the red in
times of Inflation.
"Sales taxes, whether manufac
turers' taxes, or state retail sales
taxes, which are the next best thing,
are the only hope of governments
which must inflate their money," he
said.
ST. PAUL
NEAR TO RELEASE
ST. PAUL. Jan. 20. (AP) Follow
ing a secret conference of author!
ties directing the hunt for kidnapers
of Edward O. Bremer, held for "J0,
000 ransom. It became known late
today that negotiations were about
to be opened with his abductors for
his release, possibly within 34 hours
City, county, postal and other
federal officers participated In the
conference which was preceded by
statement from Chief of Police
Thomas Dahlll thst Bremer, whose
death was threatened In the first
note demanding ransom, "Is O. K."
and that there was "no need to start
worrying until Surfday or Monday."
Well authenticated sources, who de
clined to be quoted, indicated that
actual contact with , the young
banker's abductors might be made
tonight or Sunday with hla release
expected soon after In Minneapolis
or near that city.
I7KDDINO, Cal., Jan. 20. (AP)
The status of "hard liquor" drinks-by-the-glass
In Csllforna remained
unrhanged ton I eh t after the board of
equalisation met here and decided
to wait awhile before rarrylng out
a previously announced Intention of
authorizing sale by the glas- in pub
lic eating hoises.
On t,he eve of th meeting, Attor
ney General ti. 8 Wtbb. In Ean
Prsnelnco, waa akd for opinion In
the matter, and repeated whst he
has said ever sines the state liquor
act was repealed-that It is not 1egl
to sell hard liquor except In packages
for consumption off the premises,
The state law, Webb commented a
hit tartly, ' was clear to everybody
hilt the board of equalization."
Tflkr Imllifeil.
PORTLAND. Ore., Jan. 20 (API
Llovd R. Burhridge was Indlcied here
today by a federal grand Jury for em
bezzlement of funds from the First
National bank of Portland, a member
I of the federal reserve bank of San
I ' PurorU.ce lor.nrny
E
?jlf
INVECTIVES FLY
AS NEW ORLEANS
E
NEW ORLEANS, Jan. 20. (AP)
The book of invectives waa completely
exhausted today as partisan speakers.
shouting from platforms In three sec
tions of the city, wound up the bit
terest and most vituperative mayor
alty campaign In recent New Orleans
history.
The primary Is not until Tuesday.
but by tradition the campaign was
concluded tonight In the three big
rallies of the opposing slates.
As the voting day neared, there was
an ominous background of threat
ened use of the state-admlnlstratlon-
controlled militia and an answering
city hall threat to swear in 10.000
police If guardsmen are sent Into
the city on election day. But both
of these possibilities faded when the
embattled factlona got together long
enough this afternoon to agree on a
primary arbitration board of seven
citizens, empowered to command 300
special officers to preserve order at
the polls and pass on disputes aris
ing there.
HAVANA, Jan. 20. (AP) With
most of his cabinet already sworn In,
President Carlos Mend lets today
turned his attention to a medical
strike, which became more serious
every hour.
Twenty-five thousand physicians
surgeons, nurses, drugglsta and af
filiates still refused to perform their
professional duties as a protest
against the no n -enforcement of
recent government decree compelling
all physicians to Join the medical
society.
Disorders flared during the day and
one doctor was killed and a druggist
wounded.
Several hundred patients crowded
around the presidential palace all
morning shouting "down with -the
strike breakers." They directed their
Jeers against non-federated physic
ians. E
T
. TOKYO, Japan, Jan. 20. (AP)
An expression of confidence that the
United Htatas will eventually recog
nlre Japan's role as a mainstay of
peace and stability In eastern Asia
was anticipated in authoritative cir
cles today as a feature of Foreign
Minister Kokl lllrota'i nddress at the
reconvening of psrllament Tuesday.
Despite an unpleasant reaction
here to a rerent speech by Stanley
K. Hnrnheck, chief of the division
of Far Eastern afralrs in the Ameri
can stat department, Hlrota was ex
pected to affirm a conviction that
Japanese-Amerlran relations are Im
proving. nnnker tni'es Trial.
NEW YOI1K, Jan. 30. (AP)
Federal Judg Francis Caffey threw
out of court today all testimony as
" mental unfitness of Joseph W
Ilsrrlman snd ruled that the (57-year-old
former president of the Ilsrrl
man National Bank and Trust com
pany must stand trlsl on the charge
of misapplying funds of the closed
hank.
Hank Ctise Srt,
SALEM. Jan. 20 (AP) Judge Ear,
C. Latourette of Oregon City wa
assigned to near the bank liquidation
suit at The Dalles February 4. H
wa announced today by Chief Jus
n-' J. L. rv. ml tf the mate Mipreme
court.
CUBA DOCTORS IN
STRIKE DISORDERS
: Watcb ths TRIBUNE'S I JJIA1
! CLASSIFIED ADS . . C'f
1 Lots of good bargains
I that mean genuine tfH&t
No. 257.
BOND SALES
AS
OP DOLLAR
NEAR
Week's Upswing Sharpest
in Wall Street History
Investors Confident, Re
covery Spurs Speculator
NEW TORK, Jan. 20 (AP) Presi
dent Roosevelt's project to define
more closely the value of the dollar
prompted one of the largest buying
waves in corporate bonds In Wall
Street this week ever experienced In
any financial market In the world.
Advances in corporate bonds were
the most sweeping since the Invest
ment marke', registered Its depres
sion low In the summer of 193'i,
and on the basis of avallablo rec
ords, the week's upswing was prob
ably the sharpest for any like period
of time In the history of the New
York market.
The turnover in bonds In the stock
exchange for the week exceeded
120,000,000 par value, the largest
for any week since June, 1024, or in
nearly ten years. The only week on
record exceeding this week by a sub
stantial margin was the last week
of 1910 when a huge turnover in
liberty bonds boosted the total over
$180,000,000. Corporate issues ac
counted for the bulk of this week's
huge trading, however, and activity
in those Issues came close to any
thing ever experienced in any week
In the stock exchange.
In eac,h full day, transfers exceed
ed $20,000,000, although In no ilngla
day did the volume equal that $30.-
OOO.OOO-day of March 20, 1930.
While the plan to restrtct the fluc
tuations of the dollar to between
60 and 80 per cent of Its old parity
served to quell the Inflationary fears
of holding fixed Income securities,
growing bank deposits and n in
creasing conviction that business re
covery was at least on lt way were
also said to be prime factors for
the renewed demand In the invest
ment market. It was notable that
buying converged In a large degree
In the semi -speculative Issues, as In
vestors were inclined to look for high
yields, for protection against any rise
In Interest rates which mav result
from the treasury's huge financing
program, but gilt-edged Issues and
U. S. governments maintained a firm
tone.
PLANE TRAGEDY
PORTLAND, Ore.. Jsn. 30. (IT) A
25.000 damage ault arising from the
transport plane crash here November
0, 1933, In which four persons wars
killed, was filed In circuit court here
today against the United Air lines.
The action waa fHed by Dr. John
Straumfjord, Portland physician and
surgeon, who had taken passage for
Medford with Dr. Robert C. Coffey.
Internationally known surgeon who
waa killed in the craah.
Straumfjord's complaint asked $25.
000 damages fo- alleged Injuries and
loss of time resulting from the crash.
Floyd Hart of this city was a pas
senger on the Ill-fated plane.
ASTOniA, Ore., Jan. 20. (AP)
Although the beer truck he was driv
ing was demolished today when it
was struck by a Spokane, Portland i
Seattle train. S. F. Wenkebach es
caped with only a slight Injury to
one hsnd.
WILL-
ROGER?
UKVKKLY HILLS, Cal., Jan.
19. I am still trying to stay
off writing about tho 60-cent
dollar. It looks like tlie argu
ment U pretty well taken care
of without any expert aid from
inc. Wo got France seared, so
the experiment has already
paid for itself.
Cu1h kinder nosed in on tho
front pace again with a new
president, bu it's getting so
that's not news. Ho about two
inure presidents and they will
be back with the want ads as
news.
Tammany Hall had the big
gest quake it'a had in years. A
Mr. Klynn, a very able man and
friend of onr president, who
heretofore only had one dis
trict, has tuken over the whole
thing. Tammany deaths, how
ever, arc always: temporary.
TCit tie?