Local Forecast HERALD SERVICE llnrald subserlbors who lull to rerolvo liiolr papur by Uillu f. m. are requested to call tin Herald business ofrioo, pliona 1000, and paper will be lent by special carrier. . ra Fair; moderate tem perature. High 52; Low 27. OREGON: Unsettled; no change in temperature. v ASSOCIATED PRESS UNITED PRujSS innn nnnnrtnnnn 1 - - - --rtAnn-(-ti-M..--ii-i----- Price Five Cents KLAMATH FALLS, OltE., THURSDAY, FEBRUARY 1, 1934 rMin-QDCuiin. (a) Editorials UUJf?i'"fliAl On the Day's News F Hy FRANK JENKINS nrlllH hoadllns flams aoross tlx X front nftlfot "Dollar Cut 41 Par Cant." A nswa paragraph below the hoadllns says: "President Roose- volt today rovaluod th gold dol lar at tS.OO per cont of It for roor weight." The new gold dollar will con tain IB and flvo-twonty-flrsts gralna of gold nine-tenths (Ine , Tbe former gold dollar contain' 4. IB.S gralni. t VERB la what average. ordl- ''nary people, tuoh aa you and 1. want to know "What doe aH tbl moan to mo? And here la the anawor, which la aubatantlally accurate ao far aa tbo present and the Immediate future are concerned: NOTHING AT ALL. TF YOU want to prove or dls- prove that anawor, go out ana . toil It for yourself. Take a dollar and go up, and down tho itreet and apond It for ordinary necessities. Then com pare what you get to aelurn for It with what you got In roturn for a dollar almllarly ipent month ago. You will find that TODAY you at substantially the aame amount In return for your dol lar that you got a month ago. Yet today your dollar contain only 69.06 per cont a much gold a It contained a month ago. "1J7KLL," you aay. puxslod, a " you haro a right to be, 'what la It all about, auyway? Why all thl thimblerigging with the gold content of tha dollar? What' all the (hooting aboult" PUTTINO It aa (Imply al inch a uhloel can be nut. which ISN'T very almple. tho (hooting I principally at foreign trado. Lot's ace It wo can llluatrnto: 8uppoo you're buying a ship- load of Fronch wine, ltomoin bar you can't pay for thl wine with dnllara. The French win maker doean't want dollar, any more than you would want franca If you old aome Froncliman a (hlpload of potatooa. You would not know what to do with tha franca, and hs wouldn't know what to do with the dollar. 8o, In order to pay for your wine, you would have to buy franca. That I, you would have to EXCHANGE your dollar for franc. , That I really what forolgn ex change mean Just changing the Inonoy ot ono country Into the monoy of anothor, bo thnt peo ple doing bualnosa botweon tho two countrle can pay for what they buy. NOW let' got down to the nub of the quoatlon: Botore we wont off the gold atandard, you oould buy about 26 and a halt francs tor your dol lar. Now. with the gold dollar dovaluod, you can buy only about IB and a halt franc. Obviously you could buy MORE) (Contlnuod on Pago Four) WASHINGTON. Fob. 1. Editor Tho Evonlng Horald: The vice president and Mr. Garner's party to the presi dent was one ot tho finest and moHt onjoyed affnlrs you evor aw. Thoy wore marvoloua hosts, and the president did onjoy hlmsolt. Mr. noosovolt couldn't got over Mr. Garnor staying up till 12 o'clock. Boon visiting and llstonlng to spoechos In both ends of the Capitol all day. Debut ing on the big navy bill In the houao. Was talking to a lady repre sentative, and she atd to mo, why do all thoso mon say that a big navy will bring ponoo. 1 told hor, woll, even If It don't bring pence It will oome In mighty handy, Yours. SNWJUL- r$ ROGERS Y TAX LEAGUE'S FILLS Attack Believed Directed Toward Judge, Gil lenwaters. C R. WILLIAMS ENTERS BATTLE County Commissioner An gered by Reports of Action. Ity Malcolm Epli'y Tho tax league' rumored call movement drew fire from two county official Thursday, whllo others quietly awaited de velopments said to be scheduled tor a meeting of the league Wed nosday night. One report la the league plana to direct It attack al County Judge Ooorgo Orliile aud District Attorney T. R. Gil lonwntora. While thl apparently take Couuty Coinraltnloner Charlo William off tha firing line, thl official stepped Into the tray Thursday with a hot atatomont. League Criticised. "If anybody but tbe tax lea' gue wanted to recall me, I would resign, said Williams. "It Dap pom, however, tho tax loaxuo doesn't represent tho substantial reiiponalblo cltizonry ot Klamatb county. "It Is my opinion the troublo 1th these fellows is tuat tney aro mod because thoy found thoy couldn't get apodal favora from olocted officers. Thoy thought they wero going to run things. and thoy find solf-rospoctlng pub (Continued on rage xuroej Tonight at 8:30 tho Pine Tree thoatre curtain will rise on the most tirotentlous proaentatlon of tho Little Theatre Guild of Klam ath Falls "Ten Nights In a Bar- Koom." Tho cast stayed up all night for a last minute dreaa rohearsal, After the gruolllng work-out, whon the borlton was beginning to show signs ot approaching dawn. Mlsa Virginia West, prosl' dent or tne guna ana one ot iue leading characters In tha play, made tho following statement 'All ot us at the thoatre to night or this morning Includ ing the eloven members or tne cast. Alexis Lyle, the prom p tor, Clemont W. Lyons, director, Mrs. Jlmmle Schad, stone man' agor, and tho entire production staff of Poole's theatres, Includ' Inn Harry W. Poole himself, aro oonfldont that our work for tho last ton wooks will be rewarded by a succossful presentation of this famous melodrama to tho ponplo ot the Klamath coun try." Record Equalled . in Dash to Pole BAY OF WHALES, Anturotlo, (Via MacKay Radio),. Fob. 1, (AP) CreWB of the Boar of Oakland, supplyshlp which equal ed a record run from Dunodln, N. Z to tho Buy ot Whiles, and of tho Uyi'ri flngshlp today work ed at a tovorlnh pace discharg ing winter stores to the bay Ice, six mllos from Little Amorlca. Hnnte was nooonanry, as load er ot tho expedition toured crumb ling Ice might again thrcaton tho ships and supplies. Portland Sifts CWA Activities PORTLAND, Fob. 1. (P) Be cause of numerous complaints re oolvod by tho Portland city coun cil's roltot committee, the group last night OBkod that the Mult nomnh county rellaf committee moot with It prior to- February 7 to sift chnrgos that favoritism has boon shown In employing CWA workors, . 10 POLITICi SKY OFFICIALS PWA Rescinds 30 Projects MILLION DOLLAR LOAN, GRANT TO DENVER CANCELLED WASHINGTON, Feb. 1, (P) The public works board today rescinded 30 allotments totaling 11,897,160 for construction of non-fedoral projects, Including a loan and grant of $050,000 to Donvor, for watorworka Improve ment. Tbe reason for tbe decision In eacb case was not given, but It was said some were at tbo re quest ot applicants who now de sired to abandon the projects, whllo Qlhors wore because appli cants had notified the adminis tration 'they bad not compiled with provisions ot tbe contracts with the administration requir ing that workmen be employed not more than 30 hours per week and be paid minimum wage rate. PORTLAND, Feb. 1. (P) Tho quoatlon of what course to take In connection with tbe 11,500. 000 state building program. In view of legal difficulties which have arisen, waa under discus sion horo today by tho state PWA advisory bosrd and C. C. Hockley, englnoer for the board. LIQUOR OFFICE F Permanent Headquarters Established in State Capital. SALEM. Fob. 1, JP) Perma nent headquarters for the state liquor control commission will be ostabllshod In tbe State Capi tol building tomorrow. Painters wero completing tbelr work In tho two rooms assigned to the department on the third floor of the building, and desks and othor equipment will be moved In to morrow. A. J. Montgomery will be In charge of the offices here for the presont at least, with Goorgo L. Sammls, administrator, remaining In Portland until the stores are atarted thore, and then will be much ot tbe time on the road. It waa declared. Lawrence Hickam. doputy administrator for this dis trict, would have his offices hore. Sammls was here for a while (Continued on Page Three) 0' TO PORTLAND. Feb. 1. (AP) Rovoallng that as many as 1.600 skilled men will be employed at one time on the Owyhee dam pro ject In Malheur county, the Ore gon headquarters ot the national ro-emnloymont service announced today that workmen tor this Job will be drawn first from Mainour county, and then from union, Wallowa, Baker and Umatilla counties In that order. In each esse only mon listed on the national re-einpioymont rolls will be used. As soon as all qualified mon have been tak en from Malheur, tne union county Mat will bo drawn from until exhausted, .and the rolls in tho other counties nnmod will thou be used. If It develops that thoro are not enough highly skill ed men In those countlos, tho Portland list will be drawn. TILLAMOOK, Ore., Feb. 1, (IP) Federal, state and city offi cials today oontlnued their Inves tigation of the rocent attempted destruction by tire ot the Tilla mook armory and of several writ ten threats that the building would, be bombod. Armod guards have patrolled tho armory alnoe fire was dis covered In three parts ot tho building several weeks ago, ANSWER PUBLIC ENEMY OFFERS CLUES TO KIDNAPING Arrest of Verne Sankey May Bring Lindbergh ' Solution. GANGSTER TAKEN IN BARBER SHOP Captured Bandit Admits ' Parts in Two Famous Abductions. CHICAGO, Fen. 1, (P) A so lution of tha long standing mys- ii j oi me aionaprng and slaying of Charles Augustus Lindbergh Jr., was sought today through questioning ot Verne Sankey, 42, ono-tlme ranchman wbo allegedly turned to the "snatch" racket. Sankey, described by author ities as "America's Public Enemy No. 1," was seised late yesterday afternoon by federal agents and city detectives In a barber shop, on Information furnished by an anonymous source, and confessed, Molvln H. Purvis of the federal bureau of Investigation said, that he bad participated In two kid nappings that ot Haskoll Bohn ot St. Paul, and Cbarloa Boett cher II, the Donver capitalist . Connections Denied The former Gann, S. D ranch man and one-time railroad en gineer, denied be had any con nection with the Lindbergh kid napping, or tne abduction ot Ed ward G. Bremer ot St. Paul, and William Hamm. Jr., .also of St. Paul, but the authorities pushed their grilling of blm In the hope of uncovering some new light on these "snatches," particularly the Lindbergh case. In his confession of the Den ver and St. Paul kldnapings San- Key told rurvis that he had col lected the 360,000 ransom for re leasing Boettcher and 312,000 tor freeing Bohn. From St. Paul Countv Attor ney M. F. Kinkead was en route to Chicago to aid In the Investt- at!on. . It was Kinkead who an nounced early last month that ho had found evidence which he said indicated that Sankey, long sought by the law, had had some connection with the Sourland Mountain Lindbergh abduction in New Jersey. Similarities Fonnd Handwriting experts. Kinkead said, bad found a similarity In the writing of the Boettcher and Lindbergh ransom notes, and a telephone call from Minneapolis to an undisclosed town In New Joraey scene of the Lindbergh kidnaping had been uncovered. The call, he said, 'was made from (Continued on Page Three) ; Who Gets Wolfe's $810? , ,. Ip r V r Bonanza Bank, Lawyer Enter Claims Who gets the $810 found In George W. Wolfe's mattress and shirt when he was arrested at hotel bere for robbery ot the Bo- nansa bank. - That question hi the subject ot a legal battle In ciroult court hero, with the likelihood a Jury will be called in to end the con troversy. Claimants ot the $810 are the Bank ot Bonansa and W. P. My ors, who was appointed by the court to repreaont Wolfe In the trlala In which he was twice con victed and sentenced to 20 years in prison. - Used As Evidence When , the officers arrested Wolfe at the hotol, they found the' $760 under his mattress. The accused bank robber at one time declared tho monoy was a "plant" and he, know nothing about It, according to officers, Also $60 waa found in his shirt. This money was entered by the state as an exhibit In both trial ot Wolfe In ciroult court hero. It Is , now held . by the court olork. '. Rooently, Attorney Myers filed petition In ciroult court asking that the $810 be turned over to him In ' accordance with an as Paul Jackson Seeking Post KLAMATH PIII.VCIPAX RE PORTED CANDIDATE AT SALEM SALEM, Feb. 1, (AP) Paul T. Jackson, principal at Klamath Union high school and chairman of the executive board of the state high school athletic associa tion, will tile application with the Salem school board for the position of city school superin tendent bere, be told the board yesterday following eonferonces with individual members. Jackson will seek the position to bo loft vacant by George W. Hug at tbe expiration ot his contract August 31 of this year. Other applicants for the super intendence are Frank B. Ben- nett. Tillamook superintendent; John F. Cramer, Grants Pass (Continued on Page Three) OF Fisher Addresses Joint Meeting of Kiwanis, Chamber. "America is on the trail. We hMTB.to keep going.", said Fred erlck Vining jlsher, platform representative of the NRA. In an address before the Kiwanis club and chamber of commerce iorum at the Wlllard hotel Thursday. The dining room was filled. The sneaker traced historical developments which, he said, led to the adoption of the new deal." In 1769, be said. George Washington. Thomas Jefferson and others drew up an agree ment calling for fair business practices that has recently been discovered in some old Wash ington documents, and qualifies as a forerunner ot tne nauonai recovery act. Fisher asserted America (Continued on Page Three) MICHIGAN CITY. Ind., Feb, 1. (AP) John Dillinger's throe outlaw nals came oacK to aiicai- ran Citv nenltentiary today con voyed by 18 squsd cars ot Indiana and Illinois officers and were locked away for sate Keeping. They were brought from Chi cago under escort oi o police men armed wnn macmne guns, rifles and riot guns. As the caravan stopped at the portal ot the penitentiary whence thev escaped last Sept 26, the Michigan City police formed an aisle through which the outlaws marched. signment given him by Wolfe as attorney's fees on appeal. The petition cited the Bank ot Bo nanza to appear la answer. The bank, through its attor ney, William Ganong, answered that the $810 was part ot over $5000 stolen In the bank robbery over two years ago. Jury Trial Ponds. Myers then filed a motion for a judgment on the pleadings. Judge Duncan on Wednesday de nied this motion, and signified bis intention of having the case tried before a jury. Myers ob jected, and said he would file an affidavit of prejudice against Duncan. The court denied him this privilege on the grounds the case Is at Issuo on a ques tion of tact, and gave the attor ney to understand the matter will be placed before a Jury tor decision. .; Now Myers has asked the cir oult court olork tor a transcript on appeal In tho Wolfe case. Wolfe was convicted of Hie Bonanza bank' robbery and sen tenced on January 80, 1932, to 80 years In prison. The oase was appealed and reversed for a new trial. Wolfe was again oonvloted and again sentenced to a 80- year term THREAT OF RECALL MOVE ; '; ' . ' 1 1 1 mi nam , , i GOVERNMENT nnii AD nnAiiiATinM EYES EFFECT Treasury Secretary De scribes Nation As Model for Gold. FEDERAL RESERVE COLLAPSE VIEWED Professor Fisher Urges Sole Power to Issue Currency. WASHINGTON. Feb. 1. (AP) The United States was describ ed today by Secretary Morgen tnan as being on a "1934 model of a gold bullion standard" ss a result of the dollar devaluation program which netted the govern ment a 12,792,940,617 prollt. He made this statement to re porters as Professor Irving Fish er of Yale testified to a House banking subcommittee that the existing federal reserve system "will now be lucky it It escapes destruction altogether." Secrecy EBforeed FIsber urged creation ( a fed eral monetary authority with sole currency Issuing power. Morgentbau refused to discuss operation of tbe 12.000.000 stabilization fund created out of the devaluation profits. Its use Is to bo kept Btrlctly secret. Administration officials watch ed tbe climb ot quotations on the stock markets and the ebb and flow ot the dollar In foreign ex change. SYSTEM HELD ENDANGERED WASHINGTON. Feb. 1, (AP) Professor Irving FIsber testi fied before a house banking sub committee today that the existing federal reserve system "will now be lucky if it escapes destruction altogether." He made this com ment in endorsing proposals for a federal monetary authority with sole currency issuing pow ers. The bill before the committee for establishment of the monetary authority, the Yale professor held to be "a splendid step toward the goal which President Roose velt has set before . us." For "political reasons," he as serted, tbe federal reserve system with 12 regional instead of one (Continued on Pago Three) t WASHINGTON, Feb. 1, (AP) The senate today adopted a resolution requesting President Roosevelt to present a "compre hensive plan", tor the guidance of congress in enacting legisla tion for a nationwide system of flood control, navigation,' irriga tion and power. . ' Tbe resolution, 'presented by Senator Norris (R-Neb), was an outgrowth of a conference with President Roosevelt yesterday In which many other members of both senate and bouse Interested in waterway Improvement parti cipated. A similar resolution Is expected to be offered In the house. PORTLAND, Ore., Feb. 1, (AP) Demonstrations against a film depleting tho Nasi triumph over communism In Germany will be continued as long as the film, S. A. Mann Brand, Is shown here, protesting Portland communists and their sympathisers said to day. A demonstration was also promlsod for this afternoon when five persons arrested tor carrying improper banners at last nignt s demonstration oome up for muni cipal court hearing. MARKETS uulltm uLvnumnun STIMULATES BUYING-; STOCKS, BONDS MOVE Average for Industrial Stocks Are Highest . Since September, 1931; Active -Response Recorded ' ; NEW YORK, Feb. 1 (AP) Dollar devaluation arid the United States' new position on a modified gold bul lion standard brought heavy buying into the security markets today. .. . r . Stocks rose $1 to more than $4 a share. Profit-taking flurries were numerous, but demand was huge and scores of issues, especially industrials, plowed to new highs since 1931. The close was strong. " ; Bonds, including U. S. governments, were active and strong, but many of the commodity markets made com paratively narrow fluctuations. Wheat closed virtually DDLUR RESTORED Way Believed' Opened to . 'Potential Credit -; ' Expansion. . (Copyright, 1934. . by the Asso ciated Press) NEW YORK. Feb. 1. UPi rresiaent Kooseveit s proclama tion devaluing the dollar' approxl mately 41 per cent, as under stood by Wall street monetary authorities, has virtually restored tbe dollar to the international gold standard and opened the way to a huge ' potential credit expansion. It is believed that stabilisa tion, ot the dollar in terms of principal foreign currencies has probably been largely accom plished. Price Rise Expected As bank credit expands, bank deposits grow, and as the turn over of bank deposits increases, that is, as check settlements ac celerate, . prices normally rise, wartime- expansion of credit brought sharp increases In com modity prices. Tbe more recent boomtime credit growth of 192S 29 was. reflected rather in a jump in real estate and security prices than in stable goods. How the treasury will use the more than J2, 700. 000, 000 in gold "profit" resulting from the decrease in the gold dollar re mains to be seen. ... Create Stabilization Fund Its ! first move has been to create a $2,000,000,000 stabiliza tion fund, to stabilise the' dollar. In the foreign exchange market, and to stabilise the price ot gov ernment securities. Stability Solution Aim Tha potentialities ot this big addition to the nation's mone tary gold stock, It is pointed out, may be seen in the fact that an Increase in the country's gold of nearly 13,400,000,000 from 1914 to 1939 was accomplished by a jump in bank credit of more than 136,000.000,000, Further more, banking authorities ex plain, such an Increase In gold would support a theoretical max- (Continued' on cage Tnree) ; LA TE SALEM, Feb. 1. (AP) Two hearings on applications for per mits to operate as contract car riers were set by the public utili ties commissioner today for Feb ruary 8' at Klamath Falls. ; Tho applications were filed by - tho Roguo Klver Motor Transport company and the W. K. Cum mlngs, of Mcdford. NEW YORK.' Fob. 1, (AP)-r- The New York Federal- Reserve Bank today reduced the redis count rate to 1M per cent from the ' a per cent rate which had been la effect since Oct. SO last. unchanged. . NEW YORK, Feb. 1 (AP) The Standard Statistics Co., average for 60 indus trial stocks;, closed. today t 102.4, the highest level since September, 1931. The top in last . summer's "buil" in last summer's "bull mar ket" was 102.1. The clos ing composite of 90 stocks today was 91, up 2.3 points net, compared with the July high of 96.9. ' : NEW YORK, Feb. 1. (P) Un der buoyant leadership of sec ondary issues the bond market moved upward at a fast pace to day. U. S. governments moved along with the trend, although their gains, were not quite so large as those recorded yester day.' . The principal gainers, which added from 1 to 4 points; to tha closing values of yesterday, in cluded Chicago ft Northwestern 4s, Erie 6s, International Tele phone issues. Postal Telegraph 5s, and Warner Bros. 6s..; ' U. S. treasury loans ranged from 232g to 1232s of a point higher near the .close. , . CURB ADVANCES. . NEW YORK. Feb. 1. ; (Pi Curb market prices advanced substantially today under a broad and active demand for shares In every section ot tho list.: . ' , v Aluminum company. Amir lean Gas and Electric, Electric Bond and Share, GUlf . Oil, Newmont Mining. Montgomery Ward "A", Niagara Hudson Power, Parker Rust Proof, Pittsburgh ' Plat Glass, Sherwin Williams,' Stand ard Oil of Ohio, and' Swift and Co. Improved around one to mora than two points. Cbllds FD ad vanced 7. Soma metal stocks. after an Initial spurt upward, en countered profit taking and sill back . to around , their previous levels. . By Associated Press ' Domestic . 1 financial markets surged upward today in response to devaluation of the dollar to 69.08 per ; cent of It former parity. . . :, The dollar Quickly advanced in foreign exchange dealings after an early sag In Paris and Lon don, and soon commanded a pra- (Contlnued on Page Three) NE WS PORTLAND, Ore., Feb. t, (AP) A general increase ot about 14 .a per cent In wages of street car men employed here was or dered today by the arbitration! board In ' tho wago controversy between platform workers and tha . Portland Traction company. The increaso Is effective at midnight tonight. , SEATTLE, Feb. 1, (AP) Prosecutor Robert M. Burgusid today filed a ll.19 gn4 larceny chargo against Georaw O. Wlttenmyer, myste4aaf missing treasurer ot King eoaV'