I Today New Acid, Fine Vitamin Chance For A Good Winter How Puzzling Is Science Not The Same Brick, Twice Arthur Brisbane (Copsright, 1933; King Features Syndicate Ina A new acid has been identified existing in every living thing, from men down to bacteria and mould, a strange substance that stimulates growth, "composed of long chains of carbon, hydrogen and oxygen." It is so powerful that "one part in a BILLION," a very small drop in 250 gallons of water, is enough to affect the entire living body. It is called "panthothenic," meaning that it comes from everywhere. If you knew how to remove all traces of it from food, you might breed dwarfs a few inches high, and produce the fabulous You are also told, and may safely believe, that carrots, fresh butter, and other substances contain the most precious of vitamins, one that prevents colds, or cures them when you have them. But don't try to live on raw carrots. Eat them well cooked.
And don't force your children to eat them if they don't like them. What children don't LIKE they can't digest, and other foods possess that vitamin. Only things like cause the gastric juice to flow. No. gastric juice, no digestion.
Any man, young enough to be powerful, old enough to know American history, and able to write well, exposing the wrong, bolstering the right, might get a job with the new weekly that Professor Moley will edit with the cooperation of Vincent Astor, William Averell Harriman, Mrs. Mary Harriman Rumsey and Mr. McNitt. Vincent Astor, publisher of the weekly, who will help here others to pay expenses until profits begin pouring in, thinks a really powerful writer the most important of assets and said yesterday to this writer and his assembled associates: "I wish we could find somebody to write articles like the one my friend Hearst wrote when Lady Cathcart was kept out of the United States on a 'holier than thou' basis." It was suggested that he might persuade Hearst to do the job for himself in return for "a share of the profits." You spend years figuring and the amount of interstellar space involved in "100 million light years" distance, reading with awe Einstein's statement that time is not infinite, that it had a definite beginning and will end some day, also that space is not infinite but folded over on itself. And then a genuine scientist announces that "the universe itself may be just an idea, with no actual reality." You know that a solid block of marble, or the frame of a steel building is made up of microscopic particles of electricity, electrons and protons, each in proportion to size, as far from the other, inside the atom, as the earth is from the sun.
The more you read and the more you study, the more you feel like Kipling's young elephant that remarked when the alligator seized him by the tip of the trunk: "It is too buch for be." The late President Ripley, of the Atchison, Topeka and Santa Fe, said: "The three important words in the language of success are ORGANIZE, DEPUTIZE, SUPERVISE." That is wisdom. Another wise thing was said yesterday by another railroad man, A. J. County, one of General Atterbury's important associates on the Pennsylvania railroad: "This is a time to remember that you cannot get experience without paying for it. Paying for it is all right, if don't pay too much, and if you don't buy the same gold brick twice." Buying one gold brick.
says Mr. County, quoting an old friend. is no sign that your mind is feeble. But buying the same gold brick over again proves that you are hopeless. Stock prices went up again yesterday, while brokers still talked moving the exchange to New Jersey, rather than pay four cents a share tax to the city for every shore of stock sold.
This seems like too much excitement. The customers will pay the tax. and when a man gambles in stocks. he isn't thinking about four cents a share. He EXPECTS to make $40 a share or $400 a share, Four cents would make no difference to him.
One little question troubles brokers and those of their customers that know anything. Are stocks going up because the dollar is going down. or because times really are better The dollar sold in Europe, yesterday, for less than 69 cents. gold. If It 18 the drop of the dollar that puts up stocks, what kind of a dollar have We have no increased supply of money in return for our "no gold basis" situation Those that deal in dollars, "nice.
clean business," are puzzled. Britain intends that every Briton shall be protected wherever he goes, among savages at least, even if he makes mistakes. In African Betchuanland, young Chief Tshekedi ordered the flogging of a British subject, and that Briton was well flogged by Chief Tshekedi's floggers. The Briton flogged was accused of living with a native girl. But the law says no native court must judge a European.
no matter what he does. Eleven big trucks of British marines, blue jackets and machine guns traveled across the parched African region and Chief Tahekedi is chief no more. THE DAILY ARGUS- SIOUX FALLS, S. D. SOFT COAL CODE NEAR READY FOR FINAL APPROVAL Provisions Accepted by Committee and Pres.
Roosevelt, Says Johnson CONFEREES WORK LATE Consummation of Task Expected Today--Hour and Wage Scale Is Providd By JOSEPH L. MILLER Associated Press Staff Writer Washington, Sept. Sof coal's NRA code today still lacked final acceptance by operators of this basic industry, but Hugh S. Johnson predicted ratification was only a matter of hours. The full text of the code was on paper.
It had the approval of the industry's committee of 18 leading I producers. But President Roosevelt's desire to have the charter ready for signature last night was blocked when a three-hour meeting proved insufficient to obtain the endorsem*nt of the individual operators and coal associations represented This on needed the committee. ratification on was expected by Johnson early today as directors of the Smokeless-Appalachian Coal association and the Northern Coal Control association gathered to continue their study of the completed code. The operators recessed after 2 o'clock this morning for a few hours' sleep. Will Accept Code One leading member of these two bers important associations whose memproduce about half the nation's coal tonnage, said they were to accept the code approved by the ready Most of the other associations present were represented as ready to sign.
Final approval will close than two months of negotiations more and was expected by the administration to end the strike of western Pennsylvania miners who walked out in protest against delayed wage increases: President Roosevelt cancelled weekend plans to await the bitumitoed a statement agreed on by nous coal agreement. en He also veNRA's labor and industrial advisory boards seeking to interpret labor's collective bargaining guarantee in the recovery law. Mr. Roosevelt was represented as believing the law's language permitting. employes to choose their own representatives was clear and fair, and that any further attempt at interpretation would only complicate the existing situation between labor and industry.
Prominent in the NRA picture was Secretary Perkins' estimate that 750.000 workers returned to jobs in the month ended August 15, and that payrolls in 89 of the major manufacturing industries increased $12,000,000. "Code Is Approved" Numerous other code negotiations in progress at recovery headquarters virtually marked time as officials concentrated on putting a coal agreement before President Roosevelt. Part of today's coal task was finishing the labor contract discussions in progress between Appalachian commercial operators and the United Mine Workers of America. These contracts will embrace a good share of the mines in the vast production region reaching from Pennsylvania to Tennessee. When the soft coal's committee of 18 approved the code last night, Johnson issued a statement which he said was authorized by the president.
It said: "After all-day conferences a bituminous coal He code agreeable to the conference representatives has been approved for recommendation to the group of individual operators and associations of producers to whom copies have just been relayed. "They are now under consideration for action at the Shoreham hotel. The conferees represent a very large majority of the national Three hours later, the hotel meeting recessed without final action. Johnson was present and told newsmen not much more time was needed to get the code to the president. The code, as finally written by the operators, provided for 8 40-hour maximum work week and a minimum pay scale ranging from $5.63 in Montana to $3.75 for southwestern states.
Alabama and western Kentucky, which have demanded even lower rates, are to continue negotiations with the administration. The rates were for skilled underground labor. are to be adjusted proportionately. Cities Celebrating Seaway's Progress Duluth and Superior Anticipate Ratification of St. Lawrence Pact Superior, Sept.
16--4P)-The Twin Cities of Duluth, and Superior, joined today in a celebration in anticipation of ratification by the United States and of the St. Lawrence seaway and power projects. Secretary of War Dern came here from Washington to represent President Roosevelt and to address A mass meeting as a part of the celebration. Minnesota and Wisconsin officials and business and civic leaders backIng the waterway project planned to confer during the day on the matter of advocating early senate approval of the waterway treaty with Canada. Among officials scheduled to participate are United States Senators R.
M. La Follette and F. R. Ducy of Wisconsin, and Henry Shipstead and Thomas Schall of Minnesota. HELPFUL HOME HINTS.
Valuable suggestions detailed in this booklet include almost everything from how to build a fire in the furnace to how to make a dustless dustcloth. The volume is a compilation of house. hold hits from many sources and there is 88 much worth while In. formation in it as may be found half a dozen books many times its page content. A copy should be on every kitchen shelf Use this coupon in ordering.
yours. The Argus-Leader Information Bureau, Frederic J. Haskin, Director, Washington, D. C. I eclose herewith six cents in coin (carefully wrapped) for copy of the booklet THE HOME HELPER.
Name Street City State Directors of Bank Insurance Board Take Oaths Directors of the new federal deposit office of the comptroller of the F. T. O'Connor, comptroller of the (Associated Press Photo) insurance corporation are shown currency. Left to right: E. G.
Bennett, currency, and J. F. Douglas, notary Switzerland Scientist Describes Progress in Study of Vitamines Chicago, Sept. -Science's progress in unfolding the mystery of the vitamine was reported to the eighty-sixth meeting of the American Chemical society by Dr. Paul Karrer of Zurich, Switzerland.
He predicted that man in the future would depend mainly on sources for vitamine supplies, rather than on synthetic products from the chemist's laboratory. "The vitamines as a group" he said in the society's closing meeting yesterday, "represent substances that are extremely difficult to work with in the chemical laboratory. First of all, since they are found only in very minute quantities in nature, the problem of obtaining adequate amounts for study is a very difficult one. Sometimes tons of raw material are nec- Local Man's Death Reported at Sanator Ward Horning Victim of Illness -Rites to Be Held at Aberdeen Ward D. Horning, 35 years old, former Sioux Falls man, died at Sanator, it was learned here this atfernoon.
According to the information received, Mr. Horning's death occurred Wednesday. He had been ill several months. Mr. Horning formerly worked for John Morrell and was in the employ of that firm for four years.
He also worked for the Sioux Falls Construction company. Mrs. Horning was with him at the time of the death, The local family residence was at 817 West Seventh st. Final rites and interment will take place at Aberdeen Sunday. Peever Woman Dies at Local Hospital Mrs.
Hazel Erickson, 25, Succumbs to Four-Year Illness Mrs. Hazel Erickson, 25 years old. Peever, treatment who had been obtaining in a local hospital, died Friday night after four years' illness. The body is at the Miller Funeral home be Peever for final rites and kenteto ment. Mrs.
Erickson was born October 5, 1907, in Roberts county. She had suffered with tuberculosis since 1929. coming here a year and two months ago to obtain treatment. She was married and the mother of two children. Surviving are her husband.
Erling: two sons, Arden, aged 6, and Wendal. aged her parents, Mr. and Mrs. George Quarton, all of Peever: four sisters, Mrs. Marena Redearth.
Sioux Falls: Mrs. Ollie Salois, Glacier Park. Miss Gladys Quarton, and Mrs. Luvelna Williams, Peever. and two brothers, Carlton Quarton, Clement, and Arthur Quarton.
Peever. MRS. EGGERS FUNERAL WILL BE HELD MONDAY Last rites for Mrs. John Eggers, 51 years old. 1121 North Dakota who died Friday afternoon at her home, will be held at 2 o'clock Monday afternoon at the Miller Funeral home.
Rev. H. J. Glenn. pastor of the First Lutheran church, will the funeral services.
The pallbearconduct ers will be Peter Jurgensen, E. P. Shafer, S. O. Bisson.
C. F. Emil Eggers, and William Eggers. Eggers. The music for the last rites will be furnished by choir members of the First Lutheran church.
Burial will be made in the Woodlawn Mrs. Eggers was born in Iowa a and cemetery. moved to Sioux Falls in 1907. SHOPPERS SET RECORD AT FREESE-ROHDE SALE Four months of preparation for their special harvest sale, plus the cooperation of many nationallyknown manufacturers, and over four pages of advertising in the full Argus-Leader. brought the largest crowd of shoppers and the greatest volume of sales to the Freese Rohde store that has been on record since war days.
it was announced today. This response on the part of the buying public also had A definite reaction upon the employment situa. tion. As the regular employes work on A 44-hour, five day week, it was necessary to hire some 30 extra people for the entire week of this sale to take care of the crowds of enthusiastic shoppers, store officials said. PTA RESUMES WORK Valley The school auditorium here was filled at the first fall meeting of the Parent -Teacher association, which took on the form of a reception for teachers.
There is one new teacher here--Miss Es. ther Christensen of Dell Rapids. ed Mrs. R. C.
Craig, following president, appointthe committees to serve for the school year: Program -Mrs. A. B. Elliott, Mrs, Silas Helgeson, and Mrs. C.
H. Pinney; re-Mrs. James Peterson; membership -Miss Frances Scott: music director-Mrs. M. Christensen: and 'pianist- -Miss Blanche Swanson.
More than 14.600 Indiana farmers have secured loans totaling 043.846 from the federal land bank of Louisville, Ky. GUARDS ON DUTY AS EASTERN MINE STRIKE CONTINUES Authorities Hope That Holiday Will End Monday- -Move- ment Spreading DISORDERS ARE FEWER Picket Shot in Leg, Miner Beaten in Minor ClashesCode Awaited Uniontown, Sept. (P)- Armed with riot sticks, vigilant state police today kept watch over the southwestern Pennsylvania mine strike area while operators and NRA chiefs in Washington pushed the soft coal code toward completion. With quietude restored among more than 30,000 miners on "holiday" state officials hoped for a quick accord on a working agreement that would send the men back to the pits by Monday. To accomplish this, leaders of local unions assert, the code must contain recognition of the United Mine Workers of America.
It was these leaders who called the "holiday" this week as a protest against delay over the code, and who set up an insistent demand for union recognition. Picket Is Wounded The quiet that prevailed yesterday, after Thursday's violence in which 17 men were wounded by gunfire and more than a score injured and beaten, continued during the night, Saturday, normally a non-working day in the bituminous coal fields, to open mines and with only skelebegan peacefully, with no a attempts ton picket lines on duty. The presence of the gray-helmeted state police, directed by Governor Gifford Pinchot to protect strikers as well as property, helped bring about cessation of disorder. One picket was shot in the leg and another miner was beaten in two minor clashes yesterday but with operators making no effort to open the mines. there was no repetition of Thursday's violence.
Movement Spreads The "holiday" movement continued to spread through the southwestern section, but it was checked in Cambria county where some 1,500 miners returned after being out one day. The men heeded the advice of their leaders to resume work pending completion of the code. In the counties of Washington and Westmoreland, however, many of the mines closed, while in Fayette. where. the "holiday" began, virtually every colliery is down.
PRISON LABOR'S CODE COMPLETED AT CAPITAL Washington, Sept. -Maximum working hours but no minimum wages are recommended to the NRA for prison labor. Instead of minimum pay levels which have been written into every blue eagle agreement to date, a committee representing state prison boards proposes that production costs include the same labor charges per unit as prevails in similar private production. But the prison workers would be put on a 40-hour work week and sales at less than production costs would be prohibited. Prison officials say this arrangement would be "fair to industry, fair to the public and fair to the prison." ATTEMPTS SUICIDE AS PROTEST TO JAP TRIAL Tokyo, Sept.
16-(P)-Ensign f*ckuda attempted suicide today aboard the aircraft carrier in protest against prosecutors' demands for the death penalty for young officers accused of several Premier Inukai. farmer and a reported, girl had killed Newspapers that an aged themselves also in protest. JAP FOREIGN MINISTER RESIGNS HIS POSITION Shanghai, Sept. resCount Yasuya Uchida as Japan's foreign minister will not affect the Japanese policy toward China, Chinese newspapers asserted today. The papers agreed that the resignation resulted from a dispute between Uchida and War Minister Araki, "in which Araki triumphed." THE INQUIRING REPORTER He Asks: "What Do You Think of the NRA?" THE NRA? SURE I'M FOR IT! WHY MOST CERTAINLY! IT'S WOULD'NT I BE? IT'S THE OUT CHILD LABOR, WIPED FIRST TIME THAT WEV'E BEEN LABOR, HAS BEEN TO DO FOR YEARS.
NO MORE WHICH TRYING. GIVEN A PLACE AT PROFITS SWEATED OUT THE FIRST OF PALE, TABLE CHILDREN GUESS I'M OLD -FASHIONED. DONT SURE! IT'S SOME THING NEw! LIKE THESE RADICAL ARTIFICIAL STIMULANTS, THE OLD DEAL WAS A FLOP: THE GOOD THEY DO WILL BE OUT- WE WEREN'T GETTING ANY WHERE. BY THE HARM, WHICH WE WONT GET CLOSED, BUSINESS FOR YEARS. YOU YOUR CANT RAISE YOURSELF PARALYZED, GASPING ITS LAST BREATH, CONFIDENCE BY BOOT STRAPS.
YOU CANT IGNORE LEADERSHIP TIMID AND OLD CONSTITUTIONAL ESTABLISHED STATIC. WHY NOT EXPERIMENT: WE'VE GOT A MAN WITH CIPLES WITHOUT HUMAN SYMPATHY DON'T SUFFERING. USE WHO IS'NT AFRAID MY NAMER LEAD NRA 'LOTS O' THINGS ABOUT IT I DONT IT'S THE OLD STORY. SOMETHING LIKE BUT I THINK EVERYBODY OUGHT TO DO EVERY THING TO MAKE TERRIBLE ALWAYS HAPPENS WHICH 11 A SUCCESS. FIT FAILS, WE'LL GET HARD TIMES UNDER, CLEVELAND MORE THE DEMOCRATS ARE IN.
INFLATION WITH A VENGEANCE, WITH HARD TIMES UNDER WILSON UNTIL SAVED PROBABLY SOMETHING WORSE. BY WAR ORDERS, THEN WILSON GETS THING IT WORKS, IT'S THE GREATEST US INTO A WAR IN EUROPE THAT 0005TS EVER CONCEIVED OUR NATIONAL DEBT 2400 PER CENT IF IT FLOPS, THERE AND HOW, UNDER FRANKLIN WONT BE WORDS ROOSEVELT, WE ARE OFF THE GOLD ENOUGH TO STANDARD AND HAVE THIS DAMN IT UNWIELDY NRA RICA Clarence Too Big a Man for This Particular Task Head Work Didn't Help- But World's Fair Police and Firemen Did Chicago, Sept. 16-(P) -Clarence himself Sheshaguea, 30, of Gary, into a predicament at the world's work, fair but that required some nifty too small the solution proved for Clarence's head. Shashaguea got stuck while attempting to crawl under the corrugated steel fence that encloses the grounds. He told Sergeant George Brummer of A found Century of Progress police, who the him in a prone position on ground with his head and ears inside the fair but with the rest been of him outside, that he had that way for eight hours.
Meanwhile, Clarence said he had wiggled and squirmed but to no avail. Before he was released little the worse for the experience a crew of had nine firmen, armed with crowbars, to be called to the scene. Clarence thanked his rescuers and promised that the next time he visthe ited the fair he would enter through regular turnstiles where one deposits a ticket first. MANSLAUGHTER TO BE CHARGED Inquest Conducted in Watertown Case Where Man Died in Street Fight Watertown, Sept. Attorney Ellsworth Evans said this morning that he expected to file a Andrew manslaughter today against Link, Watertown, held in connection with the death yesterday morning of Willard Inman.
Evans said he was preparing a against Link, who is said to have complaint engaged in a street fight which was followed by Inman's death. The states attorney's announcement came on the heels of an inquest conducted by Coroner J. E. quit Messer, the that saw the state's attorney "that hearing after declaring this whole thing has become a to me and I am not going to farce have anything more to do with it." The coroner's jury, after deliberating several hours, returned a verdict about 11 o'clock last night, in which it was held that Inman died as the result of a brain injury, caused when his head struck the cement sidewalk, "following a blow struck by Andrew Link, and occurring at ber 15, approximately 12:30 a. Septem1933, while participating in an unlawful scuffle or brawl on the streets." The state's attorney's denouncement of the inquest proceeding came after a witness, William Selleck, told the jury that several members of the group present during the alleged fight, including Inman, were intoxicated when the disturbance occurred.
The state's attorney then asked the witness if he had not denied knowledge of the whole affair during earlier questioning in the state's attorney's office, insisting that he was "too drunk" to have seen the affair clearly. This question was flatly denied by the witness, and the state's attorney expressed his perand sonal left the disapproval of the proceeding hearing. Selleck had been put on the stand after the and jurors had deliberated for some time ment had on the failed to reach an agreewording of the verdict. Winners Announced in Judging at Fair Huron Youth Gets 1030 Points Out of Possible 1200 for Dairy Award Brookings, Sept. 4- judges in poultry, crops, and cattle are wearing medals today foldairy state contests conducted at the lowing fair yesterday.
With a score of 1030 out of a sible 1200, Alan Oviatt of Huron poswon Brandriet first in dairy judging. of Waverly' was second Raphael with 1005 points, and Donald Kiehlbauch of Tyndall, third, with 992. Other Harris high ranking dairy were Halverson, Castlewood: judges Robert Behrends, Worth, Gettysburg: Harvey Brookings; Glenwood Huron; Johnson, Huron: Johnnie Smith, The Olan Starkey, Gettysburg. Beadle county judging team of three members composed of Glenwood Johnson, Alan Oviatt and Johnnie Smith won first in the team competition. A Potter county team consisting of Olan Starkey, Robert Worth, and Ernest Nagel won second.
A Codington, county team was third. Bon Homme, fourth; Hamlin, fifth, and Deuel, sixth. The champion crops judge is. Arthur Moe of Minnehaha county who scored 958 out of a possible 1000. Other high scoring contestants in crops were Richard Anderson, Dewey, 945 points: Vernus Phillips, Minnehaha, 937; Clarence Thompson, Minnehaha, 914; Lyle Poitras, Dewey, 905.
The winning crops judging team was composed of. Vernus Phillips, Clarence Thompson and Arthur Moe. The Dewey county team WAS second. Charles Mix county, third, and Butte county fourth In the poultry fudging contest Esther Sundell of Miner county was first, Margaret Dahme of Brown was second, Leno Friese of eBadie, third: Joe Jessen of Brown, fourth, and Mary Fuller, Beadle, fifth. Goldie Schnuerle, Joe Jessen and Margaret Dahme from Brown county composed the poultry judging team which took first.
Beadle county was second, Miner county, third, and Bon Homme county, fourth. BAKER, EX-GOVERNOR OF MISSOURI, IS DEAD Jefferson City, Sept. 16-(A) Sam A. Baker, 59, former republican governor of Missouri, died at his home here last night. Mr.
Baker was succeeded as governor by Henry S. Caulfield, republican, four years ago, He 1s survived by the widow and a daughter, Mary Jane. Members of the family said funeral services probably will be held tomorrow or Monday. RITES FOR J. O.
SHANCKE, BALTIC, WILL BE MONDAY Baltic, Sept: services will be held Monday afternoon for J. O. Shancke, resident of this community for 39 years, who is dead at the age of 81. He was born in Norway and came direct to Baltic 1894. after first having married in the old country.
He was a cabinetmaker by trade. He 18 survived by his widow and four sons, Ole, of Worthing. Joseph, of Browns Valley, Ludvig, of Baltic, and Bernard, at bonsa LAWRENCE THINKS U. S. WILL TRY Plan DIRECT LOANING to Extend Billion to Banks Empty in Credit He Says Gesture, BANKS DO NOT NEED IT Already Have Idle But Fear to Take Reserves, in Loaning Them By DAVID LAWRENCE 1 essary in order to obtain a quantity large enough to study by chemical means.
"Within the last year the chemist has attained a mental picture of the molecular structure of the vitamine that prevents and cures scurvy, and also of the growth promoting vitamine, In fact, the scurvy vitamine has actually been built up from simpler components, just as you would assemble a puzzle from its various simple parts. "In the case of the growth promoting vitamine the chemist has tain prepared by artificial means cerilar the compounds that are very simto. actual vitamine. It is safe to say that it will be only a matter of a few years before the structure of the vitamines will be elucidated in the chemist's laboratory, NEW ROW LOOMS IN ICKES OFFICE Idaho Democratic Leader Reported Ready to Quit as Assistant Secretary Washington, Sept. that Theodore A.
Walters, Idaho democrat rat and assistant secretary of the interior department, may hand his resignation to his republican chief, Secretary Ickes, provided a new development in the administration's patronage troubles. Despite Walters' own smiling comment that "I have no present intention of resigning," friends in congressional quarters attributed the resignation rumors to the authority exercised in the department by E. K. Burley, former aide to Secretary Wilbur. Senatorial circles said Ickes was relying on Burley, his administrative assistant, rather than Walters, in directing the department's work.
Walters is chairman of the Idaho democratic committee. Democratic senators recently have criticized the patronage attitude of Ickes. Elliott Roosevelt in Police Air Squad Los Angeles, Sept. Roosevelt, son of the president, today joined, the city police department air squad. "Los Angeles, with its large territory and geographical situation, needs one or modern planes in its told police Police Enlipmenties Roosevelt as the latter pinned a regulation aero police badge No.
coat. FLAMES CAUSE DAMAGE TO CUBAN TOWN AREA Camaguey, Cuba, Sept. of undetermined origin, which did damage estimated at $150,000 in the nearby town of Florida, was brought under control today after raging for hours. taking their oaths of office at the Walter J. Cummings, chairman; public, administering the oath, PLOWING CHAMP DEFENDS CROWN: Illinois Witnesses U.
S. Honor Contest- Unless It Suddenly Fains Plainfield, Sept, (P)Unless the weather man spoils everything the plowing champion of the United States will be known tonight. One of the rural classics of the middlewest the 55th annual Wheatland plowing match was the occasion for the competition, and the Martin Fry farm near here was the scene of the action. Some 10,000 spectators were hoping the weather would be favorable, but if it isn't, they'll have to wait until Monday. Carl Shoger of Wheatland was all set to defend his title.
He planned to pilot a tractor-powered plow. Opposing him were a former champion, Homer Lapp, who has picked a horse to pull his plow; Frank Boardman, another former titleholder, as well as numerous other plowmen who hope to topple Shoger from his throne. Samuel's Horse Story Is Fishy; the Fine Is $50 Judge Doubts 'That 20-YearOld Dobbin Will Climb About on Auto Chicago, Sept. 16-(P)-Up to a certain point the story Samuel Lewis 1 told in court was going along very well, but it cost him money. He was charged with operating a truck without a chauffeur's license when Harry Lichtman, owner of a grocery, interposed a question.
"What about my horse?" he asked. "What horse?" asked Judge Eugene L. Holland. "Lewis ran over my horse and broke its leg SO it had to be killed." Lichtman replied. "Oh no, judge," Lewis.
"We met and the horse, jumped on the hood of my car and kicked until he broke his "The horse was 20 years old," its owner asserted. "It all sounds fishy to me," said the court. "The charge is changed to reckless driving, and the fine will be $50." STATION AGENTS PROPOSE NEW STATE ORGANIZATION Wagner, Sept. the regular meeting of the Traffic club, composed of station agents of the Platte and Stickney lines of the Milwaurailroad, a proposition for the federation of similar clubs now in existence over the state and the formation of new clubs was considered. Chairman W.
E. Beck of Geddes and Secretary T. M. Paulson of Corcisa instructed to get further information and report at the next meeting one month later, tion. from the Copyright, Consolidated (Special Associaplan of Washington, the Sept.
administration latest tend through to dollars banks a of credit to billion going to succeed. business is not never In fact, it expected to work but was nounced publicy was anrecord clear before merely to make the goes into the business the of government credit direct. furnishing The new changed one situation has not pronouncement has existed heretofore. If that were willing take the the banks making loans to business, risks in had plenty of funds with they have do it. Now the R.
F. C. which to the business banks men, will the endorse R. the says notes that of if the necessary funds F. at C.
will lend and the banks can lend 3 it per cent! 5 per cent. out at But the banks now 000 of excess reserves have the federal reserve lying idle in isn't earning interest which They could. if any they liked, money. reserves and earn the use these cent provided they entire 5 perl loans were worth making. thought the comes down to this: The It all will not assume the primary R.
F. C. making loans to business and risk of er will the banks. All neithhas done is to the R. F.
C. to make some loans, "If here you wanti say, lion dollars with which to is a bildo it." Meaningless Gesture But the banks have of dollars invested in many short billions some government cases as little securities, earning term in percent, all as a quarter of one however, of which securities. ready cash could be converted into if good loans were able. availHence the gesture of the R. F.
is meaningless from a practicall C. desire standpoint and can only signify a tration on to the pave part of the administo the way for its plan build a reservoir of capital credit lending through not a separate machinery of hitherto in existence. Bankers insist that most of the applications they are receiving do not come up to normal banking requirements. The definition of the loans to be made under the latest R. but F.
if C. there proposal are is simple enough, any borrowers who can would meet those requirements they long ago have received their loans in the regular way and the banks would have been glad enough to make them. The point is that if the loans are properly secured, the banks will lend the then money. If they are not secured, the banks will' not lend the money furnish even if the R. F.
C. is ready to the cash. For the bank does not escape liability or responsibility for such loans. Should the borrowers fail to pay them, the bank would have to repay such losses, reimbursing the R. F.
and if not repaid at once the loan is carried on the books of the bank during the interval as a slow loan and is open to criticism by bank examiners. Risk Must Be Taken Banks which take demand deposits are naturally reluctant under present conditions to make long time loans. They must have assurances that loans can be repaid in three or six or sometimes nine months. But what assurances can be given of repayment? Will the consumers buy the goods now being produced under the higher costs necessitated by the blue eagle program? This is a speculative situation in which banks feel they should not be expected to participate, especially if depositors are to have their money back at will. If the R.
F. C. will guarantee these loans, the banks will eagerly make them and undoubtedly at less than 5 percent interest. The whole thing is leading to a system of credit extension or capital financing that is based upon somebody- either private capital on the government or both--taking the risk of repayment over several years if necessary. The R.
F. C. is considering the formation of local mortgage companies for this purpose. They would really be analogous to the finance companies which have been handling the purchase of machinery or household goods or automobiles, in which case the borrower pays monthly installments over a period usually of a year. Details are being worked out by the R.
F. C. New Plan Welcome It has been felt that opposition might come from the banks on the grounds that the government was setting up a competing system. The latest R. F.
C. proposal will make it possible for the government to say that the banks were unwilling and to do the necessary lending that the new credit machinery 15 therefore fully justified. As a matter of fact, the banks probably would welcome the plan and would be glad to buy the commercial paper of such finance companies, will just as they have in the past. It avenues for the safe open lending of short time funds, for up new presumably the finance companies be adequately capitalized and will be entitled to bank credit on their own financial statements and off their loans as the business men responsibility and will be paying monthly installments to the pay nance companies. STILL SEEK CLUES IN STRANGE DEATH Coroner's Jury Establishes Fact That Sioux City Man Was Murdered are Elk Point, Sept.
the still working of on Claude Rust, Sioux clues concerning death whose body was found in City, ditch near here last Sunday night with a bullet hole through his head. it Rust reported was today, murdered and had was not That committed suicide WAS established by a coroner's jury which returned its verdict late Friday, The death verdict by stated "an that unkown he came hand" but to his failed A to murder was indicated by the name the asseliant, were! fact found that on no Rust's' powder face, and burns further he was shot on the right side because of his head and it was known he was left-handed. 44- the A calibre was on that board of his car. which WAS revolver running parked on native the road. of this section, had Rust, a at a Sioux City Allbeen employed ing station..
