PLATTSMOTTTH SEMI - WEEKLY JOTTRNAE
PAGE THREE
MONDAY, JULY 20, 1936.
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Captain George Eyston
Sixty land speed records crumbled at Booneville Salt Flats, near
Lake City, when Captain George Eyston drove hia thundering
"Speed of the Winds" past the 5,000-mile mark at an average speed
of 142.61 miles an hour. Captain Eyston, an Englishman, is shown
above at the wheel of his shark-nosed 12-cylinder racing car.
Fluctuation is
Based on Treas
ury Operations
Changes in Excess Bank Reserves Ex
plained by Federal Reserve
Board Report.
"Washington. The federal reserve
board attributed wide fluctuations in
excess bank reserves, prior to its or
der reducing their volume, to the
financial operations of the treasury.
In its monthly bulletin, it said
that huge government deposits in the
federal reserve banks, withdrawn to
pay the soldiers' bonus, were flowing
thence into the commercial banks to
swell their reserve accounts.
(Excess reserves are funds deposit
ed with the reserve banks by the com
mercial banks over and above a speci
fied percentage of their own deposits,
which under the law they are forbid
den to touch. The excess constitutes,
generally speaking, the basis of the
money and credit market.)
To avoid an "injurious expansion
of credit," the board this week or
dered a 50 percent increase in re
serve requirements, thus removing
an estimated 1.4 billions capable of
multiplication into ten times that
amount of credit from the money
market.
At that time it cited the tremen
dous flow of imported gold as the
major factor in Increasing excess re
serves. Going into the background,
the bulletin said that, while, for a
Slit Throat Sewn, "Buttone
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MRS. EDNA NORRIS
Found in a dazed condition in a church, yard with her throat cut
and six white shirt buttons stitched along the wound, a woman!
who gave her name as Mrs. Edna Morris, 33, of Cincinnati, is shown,
in a hospital at Louisville, where she was taken by police. She told
authorities she had been injured in an automobile accident and
that men in the car had dressed the wound. When police found
her, she had crude bandages wrapped about her bead and throat:
Speed Records
-
time, the treasury's new practice of
depositing large amounts in the re
serve banks, rather than the com
mercial banks, had reduced reserves,
the situation had been reversed in
recent weeks.
"Member bank reserve balances,
which increased in May and the first
half of June largely in reflection of
gold imports, were sharply reduced
in the third week of June as a result
of treasury fiscal operations," the
board said. "They increased again in
the last half of the month as (he
treasury paid out a large amount
from its accumulated balances In
cashing adjusted service bonds.
"Excess reserves declined from a
total of nearly 4 billions on June 10
to about 2 billions on June 17, the
smallest amount for over a year. By
the end of the month they had risen
to 2.7 billions."
BIG BRIDGE NEARS FINISH
San Francisco. Fifteen men un
ceremoniously shoved a 5-ton chord
of steel into place and closed the
last gap in the San Francisco-Oakland
transDay bridge, making the
structure more than 99 percent com
plete. The work crew ran up a flag
to mark the achievement after they
had maneuvered the last link to its
permanent position on a pier on the
San Francisco side. PI aclng the chord
left only the paving, the final rivet
ing and the application of a few odds
and the ends to complete the $77,
200,000 structure, which will start
carrying traffic Nov. 12.
The bay bridge, listed as the cost
liest structure of its kind in the
99
Roosevelt is
More Progres
sive -- Thomas
Socialist Candidate Finds Flaws,
However, in Many Policies of
the Administration.
Charlottesville, Va. Norman
Thomas, socialist candidate for the
presidency, said that President Roose
velt is "unquestionably more pro
gressive, more alert to the human
problems cf his time than Mr. Lan
don, or the men and forces who made
the highly synthetic candidate, and
can break him."
But, the socialist speaker added,
"what I have said of Mr. Roosevelt
certainly cannot be said of such of
his associates as Vice President Gar
ner, Senator Robinson of Arkansas,
or Postmaster General Farley."
Thomas spoke before a round-table
session of the institute of public af
fairs of the University of Virginia.
Thomas found certain phases of
democratic policy not to his liking.
"We quarrel," he said speaking of his
party, "with this administration for
the support its ambassadors to Cuba
have given, in behalf of American fi
nancial interests, to reaction and ty
ranny in that island. To a consider
able extent the results of the revolu
tion against Machado have been frus
trated with American help. We hope
the government and certainly pub
lic opinion will use influence
against the ruthlessness of repression
in Brazil."
Among the "flawes" Thomas found
in the Roosevelt record as a progres
sive were:
"The president's failure, as the
great leader of his party, to put thru
such vital measures as the pure food
and drugs act and the Wagner hous
ing bill.
"The administration's failure to
use housing instead of made work
to conquer both unemployment and
slums;" and " the way in which
the president and party are dodging
the constitutional issue."
Most serious of all. Thomas assert
ed, "is his silence concerning the flog
ging, night riding and terrorism for
which his own supporters are re
sponsible in Florida, Arkansas and
elsewhere." ,
world, crosses the longest stretch of
navigable water ever spanned by en
gineers 4 miles. It is 8 miles
long, counting its approaches.
REINSTATE POLICEMEN
Omaha. The city council rein
stated 30 of the 40 members of the
city police department who were
dropped from the payroll last Tues
day as an economy measure. Police
Commissioner Jepsen said that every
member of the force, including him
self and Chief Samardick, will be re
quired to spend three, and possibly
four weeks, on vacation without pay
between now and the end of the year,
in order to effect savings.
Phone news items to No. 6.
Slays Wife and Sons
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7
Samuel C. Weed
Samuel C. Weed, 40-year-old Sun
day school superintendent, is pic
tured in a hospital in Erie, Pa., fol
lowing an unsuccessful attempt to
end his own life after confessing to
police he had murdered his wife and
two small sons with a machinist's
hammer. "I killed them because I had
committed a scarlet sin and I didn't
want them going through life bear
ing the stigma of it," he told police
after he had leaped into the path of
a motor truck. Weed killed his wife,
Irene, 32, and his sons, David, 5,
and Charles, 3.
Greenwood
Mr. and Mrs. Henry Wilken went
to Lincoln on business Thursday
afternoon.
Mrs. Dora Leesiey and Grandma
Sayles spent Tuesday afternoon with
Mrs. John Elwood.
Mrs. Anna Ingraham of Ashland
visited her daughter, Mrs. Henry
Wilken on Thursday.
Mr. and Mrs. Muriel Hartsoek and
children of Seeley, Calif., are visiting
relatives here this week.
Byron Colding of Plattsniouth was
in town last Friday looking after
his property interests here.
Born to Mr. and Mrs. Clifford Ho-
man on July 11th, a son. The mother
was formerly Louise Mefford.
T. A. Harris and family of Doni
phan, Nebr., visited his sister, Mrs.
Charles Dyer and husband Sunday.
John Elwood went to Lincoln on
Thursday, going on from there to
Seward to see a sister, who has been
ill for some time.
E. L. McDonald was a business
visitor in Lincoln last Friday and on
his return brought back a truck load
of goods for the store here.
The M. E. Missionary society held
its meeting at the church on Thurs
days. Mrs. Fred Etheredge and Mrs.
Lulu Hurlbut were hostesses.
The meeting of the M. E. church
guild was held on Tuesday at the
church, with Mrs. Ben Conley and
Mrs. Jess Vinson as hostesses.
Born to Mr. and Mrs. Gayle
Fleischman on July 12th, a baby
daughter, at the Lincoln General hos
pital. The mother was formerly
Margaret Erickson.
Prof, and Mrs. II. Warren and
sons started on their vacation trip
Friday evening. They first went to
Cambridge to visit Mrs. Warren's
parents, and from there expect to go
on further west for an outing.
Large Crowd in Town
A record-breaking crowd was in
town Wednesday night to attend the
free movies and do their mid-week
shopping. There was much visiting
among old friends, who had not seen
each other for some time. Green
wood is becoming a popular Wed
nesday night shopping and recrea
tional center.
Death of Jessie Allen
Jessie E. Allen, whose home was
at 3256 Center street, died Satur
day night at 10:45 at Greenwood
He had been employed by the Lin
coln Packing company. He is sur
vived by two daughters and two sons,
the daughters being Mrs. Roy Hag-
erty of Greenwood and Mrs. William
Gerdes, of Whittier, Calif., and the
sons, Guy and J. R., of Lincoln.
Celebrated Double Birthday
A picnic was held at Van Doran
park on July 5th, celebrating the
third birthday of Yuvonne Kyles and
the 85th birthday of her great-grandfather,
Mr. Perkins, who was 85 that
day. There were four generations on
her mother's side and four genera
tions on her father's side present.
Mrs. Rosetta Axmaker is her great
grandmother. Thirty-five were pres
ent and a most enjoyable time was
had.
Auxiliary Installs Officers
The American Legion Auxiliary
met at the hall July 15th for the
installation of officers. Mrs. Helen
Dudley, district president, together
with Mesdames Schroeder and Rich
ards, of Lincoln, were visitors. De
licious refreshments were served by
the hostesses, Mrs. Effie Gustafson
and Mrs. Mildred Comstock.
Bride is Showered
A shower was given for Mrs. Min
nie Palmquist-Thomas Friday after
noon, July 10, at the home of Mrs
Fred .Etheredge. . Eighteen guests
were present and the bride received
some very lovely and useful gifts.
The afternoon was spent with
games, music and a short program.
Delicious refreshments were served
by the hostesses, Mrs. Etheredge and
would lessen Fire haz
ards ... but Insurance
will Pay the Loss!
Let Me Write Your Policy
mm
Miss Lucille Reese.
Mrs. John Grady received the
guessing prize. Mrs. Thomas won
the booby prize. All wished the
bride many years of happy married
life.
Receiving Much Wheat
E. A. Landon, who has been so
busy the past two weeks receiving
and shipping wheat, reports having
shipped 17 cars thus far and still re
ceiving much grain. The wheat is
of superior quality, testing from CO
to 64 pounds to the struck bushel
and yielding all the way from 15 to
4 4 bushels to the acre. It is bringing
a good price and as a result much
money is flowing into the hands of
the farmers and through them into
the channels of trade.
Eusiness Changes Hands
The H. G. Wilken barber shop,
conducted by Mr. and Airs. Wilken
and catering to both gentlemen and
lady customers, has been purchased
by Alva Jensen, of Lincoln. Mr. and
Mrs. Wilken will spend several weeks
touring the east, making the trip in
their car, and expect to enjoy their
well earned vacation. On their re
turn, Mr. Wilken expects to devote
all of his time to painting and insur
ance writing.
Celebrated Birthday Sunday
At the home of Mr. and Mrs. W. II.
Leesiey on last Sunday there was a
happy gathering of the family cir
cle in honor of the birthday of their
daughter, Elizabeth, now Mrs. George
Leaver, of Ashland, who with her
family were home for the day. The
family of Mike Sheehan, of Manley,
were also among the guests.
Has Three Legged Chicken
The Leesiey Hatchery located east
Dust Ravages Felt Througout World
a
International Commodity Markets Show Drastic Reaction;
Loss Estimated to Exceed $200,000,000
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J Deserted homestead f
BY MAURICE MERRYFIELD
International Illustrated Neivs
Feature Writer .
New York Every section of Un
ited States, parts of Europe and even
the far-flung outposts of civilization
are beginning to suffer from the dust
storms and, drouth wkich started ra
vaging the mid-west recently.
Millions read of the suffering and
deprivation of farmers in the "dust
belt", feel a twinge of sympathy and
momentarily wonder why such things
should be, yet fail to realize how such
a catastrophe of nature affects they
themselves.
To the keen observers on the wheat,
cotton and produce exchanges, how
ever, the far reaching ramifications
of such an event is evident. It is these
men who keep the market on a steady
keel by hedging against upsets through
their buying in "futures" and selling
short. !
But the first awarness of the signi
ficance of drouth or flood comes home
to the average consumer when he goes
to the store for clothing, food or some
article whose supply is closely bound
up with seasonal fluctuations in cli
mate and natural conditions. j
Thomas Speaking Above Boos
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NORMAN THOMAS
Shouting above the boos of thousands of delegates to the Townsend
convention in Cleveland, Norman Thomas, Socialist candidate for
president, is pictured telling them the Townsend pension plan would
not work. Thomas said the only solution would be for Townsend!
followers to join with Socialists for a workers' and farmers' welfare
amendment to the constitution. Townsendites will support Lemke.
of Greenwood has a three legged
chicken, which, except for the extra
leg, seems entirely normal and gets
about as well as the rest of the flock.
i: I Stricken cattle
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Joutii refugees!
Entire World Is Effected
The extent of which the supply of
cotton, com, wheat or live stock is
reduced by the ravages of nature is felt
not only in United States but also
throughout the whole world since the
American supply and surplus deter
mines in part the world price cf any
commodity. In this respect, then, the
amount of money which an Egyptian
farmer gets for his cotton, the price
which a Russian peasant obtains for
his wheat is dependent in no small
measure on how successful a season
the American farmer enjoys.
There are even more indirect but
hardly less important ways in which
these ravages of nature strike home to
every citizen. When the government is
forced to pour millions of dollars into
a stricken district is to relieve those
inade destitute by drouth or flood, that
expenditure means that taxes will in
creased. It means that federal funds
which might otherwise go to some pro
ject in another part of the cauntry will
he used up and that section deprived of
its subsidy.
Lands Stripped of Fertility
But let us consider a closer range the
We found them very busy fill ins
orders for young cockerels and pul
lets, of which they have nearly 5,000
of various sizes and descriptions.
....
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Uesolated farm land --VXt
plight of those who live in the drouth
area, the hardy farmers who yearly
battle the effects of nature's antics.
For many of these the drouth and
dust storms represent more than tem
porary distress. Their lands in many
sections have been stripped bare of tho
fertile topsoil. The soil itself has been
so scorched and burned ou t that 1.0
nutrition is left for crops in years to
come.
But the American farmer is a hardy
individual accustomed to having to
struggle for a living. Thousands of
them are now migrating from the
"dust bowl" of America, that section
which includes portions of New Mex
ico, Texas, Colorado, Kansas ar.J Ne
braska. They are seeking new homes
and are being aided in their plight
by millions of dollars which the gov
ernment has set aside.
Other thousands are standing by
their present farms, tiding over the
emergency by working on govern
ment projects until another season
rolls around, bringing with it pos
sible catastrophe but marking new
hope among the "sons of the soil".
..Wo'a-'- : . i'.- .-.
