MEMBER ASSOCIATED RftrESS
VOLUME XXIX. NUMBER 128.
SEWARD, ALASKA, FRIDAY, JUNE 2, 1933.
PRICE TEN CENTS
NEW SELECTED LISTS
FOUND BK THE SENATE
IF
*
WASHINGTON, D. C., June 2, —
Evidence was presented to Senate
investigators that J. Pierpont
Morgan & Co., utilities stock hold
ing concern, the United Corpora
tion, used an accounting system
under which some gains could
be distributed as “a return of cap
ital.”
Two new lists of selected Morgan
customers were put on record. One
included the name of Harvey
Couch, present director of the Re
construction Finance Corporation.
The sale was in 1929, before Couch
joined the government service.
The names included, also, Owen
D. Young, R. B. Mellon, J. Henry
Roraback and O. P. Van Swerin
gen.
The group was sold stock in
Niagara Hudson Power Corporation
at $25 a unit in issues of 1929. A
total of 56,500 units were sold to
about 30 individuals. Couch’s
stock was unloaded at $500 a share.
The names of real insiders,
among the thousands of selected
clients, were held out at the in
quiry. The names were of persons
who sold stocks $10 below the
price paid by another list of men
who bought from the Morgans in
the manner already disclosed.
Significant points in the Mor
gan partnership agreement made
public shewed Morgan has the fin
al word in all vital matters and
can oust partners, fix the amount
of money due them, or even dis
solve the firm.
'see imom/ sirs
NEW YORK. June 2, —Jimmy
Johnston, match-maker of Madi- j
. son Square Garden, is easrer to;
have Jimmy McLarnin defend his'
new title of welterweight cham
pion here, but not at McLarnin’s
price.
“So McLarnin wants $50,000 to
defend his title, eh?” said John
ston. “Well, I wasn’t on the Mor
gan preferred list, so I’ll offer him
the championship bout for a per
centage to fight Andy Gallagher,
Ted Yarosz or Eddie ‘Kid’ Dowl
ing. Why McLarnin drew only $5,
000 in his last fight here. It he
wants a $50,000 guarantee he’ll
have to see Morgan or somebody
like that, not me ”
0. S. TENNIS TEAM
/ SELECTED FOR FINALS
NEW YORK. June 1.—America’s
Davis Cup team, Ellswcrth Vines
Jr., Wilmer Aliston, John Van
Ryan and G. M. Lott were selected
by the United States Lawn Tennis
Association, as America’s best.
This is the team which won one- j
sided victories over Canada and!
Argentine in North and South'
American Zone ties and unless |
something unforseen occurs is the !
one which wall meet the European j
victor in the Inter-Zone final at
Roland Garros Stadium near Paris
July 21. 22 ad 23.
-
A gas car loaded to the wheel |
base with passengers, took off at!
7:30 this morning for Anchorage. ^
“PASSING THE BUCK”
LONDON, June 2, —Chancellor
of the Exchequer Chamberlain told
the House of Commons that unless
nations temper their prejudices
and adopt a give and take atti
tude at the World economic con
ference, the World may despair of
emerging in “our time from the
depression, hardships and suffer
ing.” He still refused to disclose
| Britain’s war debt policy, intimat
■ ing' they are awaiting a new
1 move at Washington.
I 1 --
DEMPSEY HEATEDLY
DENIES CHARGES IS
AGAINST SCHMELING
NEW YORK, June 2. — Jack
Dempsey heatedly denied charges
that he is trying to engineer Max
Schmeling’s defeat in the Maxie
Baer bout at Yankee Stadium
June 8.
Dempsey was angered by a tele
gram from Schmeling’s manager,
Joe Jacobs, who accused Dempsey
of failing to show the proper im
partiality for a promotor. He open
ly charged the “Manassa Mauler”
with being to much interested in
Baer and trying to bring about
Schmeling’s downfall.
Jacobs resented Dempsey’s coach
ing the California boxer at At
lantic City Monday afternoon.
Dempsey analyzed the styles of
both fighters by boxing one round
each -with them on Saturday and
Sunday.
“Jacobs is putting me in a bad
light and he’s trying tS break up
my friendship with Schmeling. He
accuses me of coaching Baer to
get his man licked. I knew Schmel
ing before Jacobs ever met him and
he is one of my warmest friends.
When Jacobs charges that I’m
rooting for Baer to win he is mak
ing an out and out misstatement. I
might make that stronger; he’s the
last fellow in the world to be ac
cusing me of trying to double cross
anybody.”
THOUSANDS OF COAL
MINERS MADE HUPP)
CINCINNATI, Ohio, June 2, —
More than 75,000 bituminous coal
miners in the four Appalachian
states received wage increases of
10 to 18 per cent, it was announc
ed by Appalachian Coal Co.
The scaling upward of pay in
southwest Virginia, eastern Ten
nessee was made under recom
mendations of the directors of a
giant marketing agency.
BACK TO WORK
SAN FRANCISCO, June 2, —San
Francisco brokerage houses have
put 500 furloughed employees back
to work and raised wages an
average of about 10 per cent the
stock exchange reported. Pay now
stands at 80 per cent of the fig
ures paid in the boom year of 1929.
American League
Chicago 1, Detroit 3.
Boston 7, Washington 5.
Cleveland 3, St. Louis 1.
National League
New York 7, Philadelphia 2.
Brooklyn at Boston, postponed.
St. Louis 6, Chicago 1.
Pacific Coast
L. A. 2, Portland 7.
Sacs 2, Missions 4.
Oakland 1, Hollywood 3.
HAWKS’ IS SPEEDING
ACROSS THE CONTINENT
i TRYING LOWER RECORD
LOS ANGELES, Jue 2, —Lieut.
Comdr. Frank Hawks, holder of
most of the World’s air speed rec
ords, nibbled at a raw carrot yes
terday while he watched mechan
ics tinkering with a new all-metal
monoplane in which he will at
tempt to beat his own West-East
nonstop speed record.
The new ship has a robot pilot
which means the pilot can doze in
his crowded cockpit through fog
or turbulent skies and maintain a
true course to his destination.
Long before dawn today, he was
scheduled to roll his ship out on
the municipal airport runway here
and take-off for Floyd Bennett
airport in New York in an attempt
to break his nonstop mark of 17
hours and 38 minutes set in June
1929.
Hawk’s fixed his approximate
time of departure at 4:30 a. m. P.
iS. T.
His all-metal, low’ w’ing Northrop
Gamma plane, recently completed
to his specifications, is capable of
a top speed of 260 miles an hour
at altitudes of 12,000 and 16.000
feet. The ship, powered with a 14
cylinder, 750 h. p. motor, gains its
greatest speed and top perform
ance at high altitudes, Hack's ex
plained.
“Quit being clannish,” President
Roosevelt told 432 graduates at
Annapolis exercises. The President
then motored back to the White
I House to study developments on
; his national recovery bill, jobless
relief and other measures. He pro
mised justice for war veterans but
reiterated the need for economy.
A two-cent rate on local mail, a
one and three-quarters cent levy
on gasoline and a three cent im
post on electricity, to be borne by
the companies, were approved in
the tax bill.
Aroused at their bickering, Nor
man H. Davis, U. S. ambassador
at-large, told delegates to end their
arguments over procedure and get
down to actual business of disarm
ament discussion. The United
States accepted the French arms
plea with reservations.
Russell Sherwood, Jimmy Wal
ker’s long-hunted agent, was
found in New York. Samuel Sea
bury, the former New York mayor’s
investigator, urged Sherwood be
held for explanation of what hap
pened to missing funds.
A camp for jobless unmarried
girls was planned in New York at
the suggestion of Mrs. Franklin
D. Roosevelt and Secretary of Lab
or, Mrs. Perkins.
' Stanford University authorities j
entered the campus bathtub mur-1
der case, hiring an investigator to
take fingerprints and photographs
! of the home in an effort to clear,
David Lamson, whose wTife was
found dead under mysterious cir
cumstances.
LOTS OF 3.2 ARRIVED
About 1,000 cases of beer were
discharged today from the SS Yu
kon, mostly for Anchroage, but
i including shipments for Fairbanks
| and Tanana and Yukon Sahar
as. There was plently of Schlitz,
“The Beer That Made Milwaukee
Famous,” in the consignment. Ap
proximately 250 cases wrere des
tined for Seward drys.
BEHIND BARS AGAIN
CHELSEA, Okla., June 2, —Two
escaped Oklahoma convicts are
back again behind bars but Kan
sas escaped prisoners are still at
large. The Kansas convicts robbed
j a bank here yesterday and are be
! lieved to have reached the Bad
! Lands of the Ozarks.
EUROPEAN POWERS
| TRYING TO FIND OUT
! IF CAN W U. 5. A.
I
WASHINGTON, D. C., June 2,—
European war debtors have made
cautious inquiry to discover if de
fault on the June 15 payments will
be received “without prejudice” by
the United States.
What they want is assurance
that if installments are not met,
this government will let it pass
without taking official action as it
did last fall in the case of France.
The debtor nations, Britain
and France, respectively, are fear
ful of this country formally re
questing the payment which may
brand them as defaulters in the
I eyes of the world.
AMHERST STUDENTS
AMHERST, Mass., June 2, —Red
college students on the campus of
Amherst college, whose long list
of illustrious sons includes the
names of Calvin Coolidge and
Dwight Morrow, burned the Amer
ican flag during a communist ral
ly which turned into a wild bat
tle.
The rally was staged in the dor
mitory circle between Pratt and
Morrow dormitories: the latter
was contributed to the college in
1925 by the late United States Sen
ator Morrow.
PORAT WON BOUT
MINNEAPOLIS, June 2. —Otto
von Porat, big Norwegian heavy
weight, made short work of Dick
Daniels, knocking out the Minne
apolis fighter in the second round
with a terrific right cross to the
jaw.
MARTIAL LAW
BISMARCK, N. D., June 2, —
Martial law was declared by Gov
ernor William Langer at the site
of the new capitol as negotiations
went forward writh the contractors
to effect a compromise with the
striking common laborers.
-f
OIL REGULATION
WASHINGTON, D. C., June 2, —
President Roosevelt, through Sec
retary Ickes, told the House ways
and means committee, he hoped
an amendment to include oil re
gulation would be attached to the
industrial control bill now pending
in the Senate.
“MAKING HAY”
ATLANTIC CITY, June 2, —
While Max Baer took a day off in
his preparation for his 15-round
scramble with Max Schmeling, the
latter was redoubling efforts to
put himself in fighting trim.
MARVEVLOUS JOCKEY
CHICAGO, June 2, —Jockey
Jack Westrope, w'ho piloted five
winners under the wire at Wash
ington Wednesday, scored a dou
ble saddle triumph yesterday af
ternoon when he won with “Tech
nique” in the featured fifth race.
Earlier, he had ridden “Homeward
Bound” in front, in the third.
{PRESENT STRENGTH OF
i THE ARMY WILL BE
MAINTAINED, STATEO
WASHINGTON, D. C., June 2, —
i Orders have been sent to divisional
! headquarters of the Army that
present strength is to be main
tained, both to officers and enlist
ed men until further instructions.
A final decision on all econo
mies within the War department
is to be made within a few days.
President Roosevelt has asked the
authority of Congress to reduce
expenses by furloughing certain
officers. This power was approved
by the House, but struck out by
the Senate. .
manthIcIcT
CAPTURING ST. PAUL
! OPEN GOLF TOURNY
i __
ST. PAUL, June 2, —Any one of
the 10 or 12 so called Big Shots
along with at least a half-dozen
others have equal chances of tak
ing the St. Paul open champion
ship that starts here today.
“After playing my first practice
round with Leo Diegel, George von
Elm and Ed Dubley, and watching
several of the others hit their
shots, I think most of the boys
have their games on edge.” said
Bobby Cruickshank.
With the United States open
trailing this tournament by only
four days every one is out to play
his best to be on edge for the big
championship. Also, Hagen, Diegel,
Runyon, Dubley and Dutra have
i already been selected on the Ryder
| Cup team that plays in Europe
i late this month
cisipIFrin
, FIVE POINTS, MARKET
NEW YORK, June 2, —Bringing
the rails to the fore after a day
of rotating leadership, the Bulls
resumed the advance in the stock
market after absorbing heavy pro
fit taking until mid-day.
Gains ran from one to five
points. Turnover was around 4,
500,000 shares. The rails monopo
lized the tape in the final dealings,
with N. Y. Central, Lackawanna,
Delaware & Hudson, Scandia and
Pacific Telephone providing the
profits.
10THOI DEFAULT Bf
FRANCE IS LOOKED FOO
PARIS, June 2, -Another French
default on the $40,732,0C0 war debt
! installment due the United States
j June 15 was accepted as inevitable
in government quarters as the
Chamber of deputies started the
Pentacost holidays.
The cabinet decided May 8
against taking any initiative in
the matter and as the chamber
has adjourned until June 9 with
out a single deputy raising the
question, advocates of payment
have abandoned hope.
Bartley Howard, prominent coal
mine owner in the Matanuska
Field, returned today from a brief
business trip to California. Mr.
Howard is the father of Mrs. H.
Sogn of Seward.
DANCE TONIGHT I. 0. 0. F. HALL