Newspaper Page Text
COTTON MARKET
IDDL:" rong o b NTR
Ry, CLOSE. -2 2 o 3il B
m@; No. 94
istrict Senatorial Committee Votes For Clarke
County To Stand Aside, Give Oglethorpe Senator
ecora Bares Amagzing Profits By Wall Street Operators
§ iLbh s
idence Expected to Put
Stock Control Bill
“Over the Top
NATE GIVEN DATA
ora Shows How Firms
Averaged $2,00,000
Each Since 1928
By NATHAN ROBERTSON }
WASHINGTON -—(#P)—Rvidence
k New York Stock Exchange
per firms have made nearly a
bon dollars in the past six
s, despite the depression, Was{
kented Tuesday to a senate
mittee. ]
erdinand Pecora, counsel fO!"
senate stock market commit-‘
presented data showing thiltl
hange firms averaged almost
00,000 apiece in net profits dur-l
the two boom and - four de
gsion years.
athered from the member firms
selves, the. statistics showed
g have had a total gross in-‘
e of more than $2,000,000,000
ing the six-year period. ‘
uring the high-time years of
B and 1929 their giross annual
pnue averaged far more thun{
00,000 apiece.
Bill Approaches Test
hese_and a mass of ether hith-|
undisclosed statistics relating |
market operations were pre
ted to the committee ag stock
hange control legislation ap
ached the test in both houses
congress.
oncededly the disclosure of thisl
4 was timed to put the bill
jer the top.” The move follow
close after charges in the house
nday of a “vicious” campaigni
misrepresentation’> againgt the
islation by the New York ex-‘
nge.
Buried in the mass of statistics
s an amazing story of the de
ession’s effect, It showed mem
r firm profits dropped from
9,000,000 in 1928 to a loss of
,"': 000 in 1932 and rose again}
$96,000,000 for the first eight
nhs of last year. The total
L profits for the -period were‘
3,167,686
Sther high-spots in the volumi-\‘
s data showed that: |
he 631 reporting firms had 1,-
920 customers im 1929 ofi
om 811,986 or 59 percent were
h customers with marginall
ders . s
e firms had 1,028,491 custom
during the first eight months
1932, of whom 59 ,376 or §8 per-
L, were cash operators.
€cora contended that the sta-
Cs gathered from questi®n- '
€s submitted to the firms dtd
indiv al members of the ex-
Ee¢ presented the most com
€nsive picture ever drawn of
market’s operations.
€ Dlanned to follow them up
P Slmilar statistics; for the
York cuth and other smaller
ranges throughout the coun-
He intends to submit also
‘emental data obtained from
(Continued on Last Page)
'hora;lvl‘—a'y_Day Pageant Ushers in
~ Annual Program of Child Welfare Work
o e I
t"’ = U e
P ege. Avenue grammar
] Day- pageant, whichi
held ar the huge amphitheater |
Ont of Soule hall this a.t‘ter-‘
it 330, was one of the most
Tat f its kind that has ever
held in Athens.
¥ day opens the annual’P.- A.
Ummer Roundup, plans for !
h were formulated at a meet-l
€ld yesterday in Dr. W. W. |
I's office. Additional nurseS]
be asked to assist the public |
§ during the roundup. The |
B¢ Avenue program this as-
PON wag the first school exer
t held this year, the other
S ésenting theirs dufingl
€St of the week .
§s Magdalene Glenn, principal'
¢ hool, planned and directed |
bag t, and music for the |
k! ¢ was played by Mrs. J.[
s Every child in College
e schoy, except thoge who'
; 1 th sickness, top part inl
& i
E phitheater wags decorated !
185 Glenn, assisted 'by the
i f the school, appropri
_ 197 the pageant, “Mother |
°_~lay Day”. The throne was
"'5 at _Hm enst ehd of th@l
. with the May pole off to|
ATHENS BANNER-HERALD
Full Associated Press Service
Mrs. T. W. Reed Honored
As Georgia President Of
Daughters Of Confederacy
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MRS. T. W. REED
CODE ASESSMENT
Failure of Retail Code
Merchants to Pay Will
Be Considered Violation
All merchants operating under
the retail code will be considered
violators unless they pay the code
asgessment by May 7, according to
a communication received today by
the local retail code authority from
the national RCA.
This assessment for Atheng is 75
cents per employer, part of which
is sent the NRCA and the rest used
for expenses of the local group.
. Instructions state that where a
local RCA has been approved prior
to April 1, and assessment notices
were sent out prior to that date,
the authority 1s to prepare a list
of those whoe have not paid and
send it to the state director of the
national emergency council, who
will notify those merchantg that
they are violating the code and not
yentitled to the code eagle until ad
justment is made.
The code eugle is the new form
of the Blue Eagle which is to be
displayed beginning May 1 by those
merchants operativg under the code
of Fair competition,
Leroy Michael, chairman of the
LRCA, urged all business houses
to communicate with the authority
concerning the assessment, if it
has not been paid,
Other meémberg of the RCA are
E. C. Long, paint and glassware, H.
V. Chandler, limited variety stores,
G. A. Booth, books and stationary,
R. R. Gunn, men’s clothing, H. C.
Doolittle, shoes, R. §S. Marbut,
newsstand, Jake Bernstein, furni
ture, and Harry Hardy, hardware.
Mr. Michael represents the depart
ment stores,
il .
the .left, and-a large shoe on the
right. The shoe was made of can- |
vas. |
Little Miss Janette Bruce a stu-‘
dent in the fiftly grade, was Queen j
of the May,+and Bernice Coile -
also- in the fifth grade, was May
King. . ‘
Among the other Mother Goose
characters represented were: Alice |
in Wonderland, Mother Hubbard,
Jack and Lill. Little Boy Blue,
Little Red Riding Hood, Mary and
Iher Lamb, Simple Simon and the
Piemar., Polly Put the Kettle On,
Tom, Tom, the Pipers’ Son, Mary,
Mary, quite Contrary, oold King
Cole, Jester, Queen of FHiearts,
Knave of Hearts, Humpty Dumpty,
and the Kings’ men, Little Miss
Muffett, Little Jack Horner, the
QOId Women of the Shoe and many
lou-ers.
The pageant is centered about
Alice in Wonderland, who
enters with a story book and dis
covers the May pole, flowers, and,
! the throne, and dances about them
until ghe grows very weaiy. She
then sits down to read, and falls
asleep.
She of course dr=ams, and what
—
{Conatinued on Last Page) |
Has for Years Been Active
In Work of Civic and
Patriotic Clubs
HELD MANY POSTS
Banner-Herald Offers Rec
ognition to Third
Prominent Athenian
This is the third of a series
of articles about prominent
Athens women who have been
named heads of various state
or national organizations, Be
lieving its readers will be in
terested in knowing of the
signal honorg paid these wom
en, and so that deserved rec
ognition may .be given them
by our citizens for their work
and the favorable publicity
they have brought Athens and
Clarke county, the Banner-
Herald today presents Mrs: T.
W. Reed, president of the
Georgia United Daughters of
the Confederacy. Others will
follow. . %
Mrs. T. W. Reed ‘has for the past
thirty-seven years been an active
participant in the work of civie
and patriotic clubs in Atheng and
Georgia as well as in the national
work of -the- United Daughters of
the Confederacy.
She is now president of the Geor
gia division of the Daughters of
the- Confederaey, having been el
ected to that office last October,
She joined the Laura Rutherford
chapter of that organization in
1998 and hag been actively en
gaged in that work for thirty-six
years. During almost all that time
she has served as a. chapter offi
cer first as secretary and then as
registrar, vice prnsident and presi
dent, having filled the latter office
for severa] years past.
In the Georgia division she has
taken a prominent part in its work
and has served on a number of
important committees, being chair
man of the divisicnm committee on
education for two years, Prior to
to election as president of the
Georgia division, nhe served two
yvears as first vice president of the
division. When the division met
in Athens in 1899, she was active
;in the work that secured the Win
nie Davis Memorial Hall for the
old State Normal school, now the
!Coordinate college of the -Univer
gity of Georgia. In 1900, along
with Miss Mildred Rutherford, she
|was a chapter delegate to the divi
|sion in Savannah, and since that
time has taken a prominent part
(Continued on Last Page)
“HOSPITAL DAY”
TO BE OBSERVED
Athens General to Hold
Open House May 12,
Honor Babies Born There
~ The Athens General hospital will
observe Nationa]l Hospital day on
Mhay 12, it was decided last night
at a meeting of the Board of Trust
ees.
On that day, open house will be
observed from 1 to 5 o'clock in the
afternoon, and all babies born
there during the past year will be
given a “birthday party” from 3 to
5. During the “open house,” the
public is invited to come to the
hospital, inspect the facilities, ask
questions - concerning anything
about ~ the hospital, and other
things. Refreshments will be serv
ed. TRe ,
Approximately 50 babies are ex
pected to attend the party, and
pians are for little souvenirs to
be given each of them and a group
picture to be taken.
National Hospital Day originated
in March 1921, and the following
May 12, the first such day was ob
served, It is held by hospitals
throughout the country, and the
date chosen was that of Florence
Nightingale’s birthday, in honor of
tte great work which she did to
wards the elevation and develop
ment of nursing. It is observed to
make the public better acquainted
with the work done by hospitals,
and with the equipment and staff.
The day this year wili give the
hospitals a chance to cell atten
tion to the terrific burdens which
the depression placed on them by
reducing the number of patients
able to pay even In part and by
et
~ (Continued on page seven.)
—ESTABLISHED 1882—
Athens, Ga., Tuesday, May 1, 1934
CIVITAN OFFICIAL
TO SPEAK HERE
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ARTHUR CUNDY
CIVATAN SECRE TARY
ON PROGRAMS HERE
Arthur Cundy Speaks at
Watkinsville Tonight;
Twice Here Tomorrow
International Secretary Arthur
Cundy of Civitan clubs will speak
tonight on the al.dieg Night party
program of the Watkinsville Civi
tan club and Wednesday will ad
dress students -of Athens High
School at 11 o' clock, later being
honor guest at the weekly lunch
aon of the Rotary club in the
Georgian hotel. :
Mr. Cundy is known over “the
nation for his fraternal work ‘and
the three addresses he will make
in Watkinsville and hére’ will
prove of unusual interest.
A drummer boy in the Boer war
and a captain in the A. E. F. dur
ing the World war served as a
captain. His talk at the High
school will be made in his Boer
war uniform. >
Invitea@ to attend the Civitan
meeting * tonight from Athens are
Mr, and Mrs. Boyce Grier, Mr.
and Mrs. Sam Woods and M. B.
Wingfield.
' Mr. Cundy was born in England
‘wa,s naturalized before the World
’war and now lives in Birmingham,
‘He has won a wide reputation by
‘hig ability as a speaker and those
who will hear him are fortunate
indeed.
’ The Watkinsville Civitan eclub
is one of the most energetic of the
clviec clubs in this territory and is
to be congratulated on the honor
confered on it by the visit of the
international officer. The Rotary
club has issued an invitation to
all Rotarians and all Civitans to
attend the Rotary luncheon here
Wednesday .
WHAT! NO SHOW?
ATLANTA — (#) — Five hundred
people were lined up at Lakewood
Park Monday nignt to see the
scheduled showing sos a motion
picture made in a California nudist
camp. . Atlanta police walked in,
The show wag called off.
Georgia Rotary Club to Hold 1934
Convention in Gainesville Next Week
Rotary clubs from all parts o
the -state will gather at- Gaines
ville May 6, 7 and 8 for their an
nual conferense this year. Everyj
club in’ Georgia is expected to send
at leust omne delegate to the confer
ence. |
The program, which was arrang
ed by B. M. Grier of the Athens
club, contains many interesting
events, including all kinds of
“sight-seeing” trip in and around
the North Georgra city. |
Mr. Grier has planned for those
attending the conference to visit
the famous Chicopee Mills, a trip
to the Northeast Georgia moun
tains, a visit to Brenau college,
and the witnessing of two baseball
games.
The two baseball games will be
playved between Riverside and the
United States Naval Academy, and
the University of Georgia and
Georgia Tech. These two game.
gshould be the high lights of the
recreation part of the convention.
Notable Speaks
One of the main speakers for the
conference will be Arthur Sapp
former president of International
Rotary clubs. Mr. Sapp is one of
the bhest kaown figures in Rotary
JAP AN MAMIFESTS
OPEN RESENTMEAT
OF HILL MESSAGE
U. S. Communication Is
Pointedly Ignored by
Foreign Office
TAKES FIRM STAND
Secretarv of State Voices
Complete Disapproval
Of ""Overlordship”
BY GLENN BABB
‘Associatetd Press Foreign Staff
TOKYO —(AP)— The communi
cation of 'Cordell’ Hull on Japanese
poliey in the Far'Bast was pointed
ly ignored%in a written ‘communique
given by the foreign . office to.the
Japanese press Tuesday night,
Although the Hull statement was
published in local afternoon pa
pers and was the prinecipal topic of
dismanv in - diplomatic circles,
the ymmunique does not mention
it exeept to reiterate its contention
that®the head of the American
ptate department indicated the
United States’ unwillingness to ac
cept the Japanese “hands off Asia”
stand: : ]
Statement Stands
" Thle communigue, which reviews
the recent declarations of Foreign,
Minister Kohi Hirota, Ambassador
Joseph C. Grew of the United
)Statfq, and Ambassador Sir Fran
cig Lindley of Great ®ritain, was
ISo fg?fli-u to give the Japanese
people the impression that Tokyo
lhad the last word in the past fort
night's international exchanges,
'leaving definitely on the records of
’,the world a declaration of Japan's
' unique position in East Asia.
f Resentment at America's firm
stand ‘' toward Japan’'s ‘“honds off”
policy, as expressed by Secretary
of State Hull, was voiced in the
' Japanese press,
The reaction was in sharp con
trast the manner in which word
of Great Britian’s willingness to
drop the whole matter raised by
the Japanese foreign office declara
tion of .April 17 wag recejved,
DIRECT WARNING
- WASHINGTON— (&) —The state
department awaited Far Eastern
reaction Tuesday to its police but
(Continued on last page.)
Miss Thompson Secks
Permission t#o Take
Rehabilitation Post
Miss Ruby Thompson, home de
monstration agent, was to go be
fore the county commissioners at
their meeting thigs afternoon te get
their approval of her accepting an
appointment as distriet supervisor
for Rural Rehabilitation work in
this territory of 26 counties. E. A.
Lowe is assistant d@irector of this
work for the state.
Federal ' funds will be expended
throughout the state to rehabili
tate farm families. Familles will
be selected from wvarious counties
and placed on farms there, given
stock; seed, and other necessities
in order to make them self-sustain
ing. Four families will be rehabi-
llitated in Clarke county.
f work, and his presence at the con-
Iference will add greatly to the in
| terest.
i Brenau College and Riverside
lwill furnigsh entertainment to the
| members of the conference, These
| two schools are cooperating thor
oughly with the Gainesville Ro
tarians, who will act as hosts, and
all attending are assured a good
| time.
‘ One of the features of the con
| ference will be the annual Brenau
]May Day pageant, which is one of
| the outstanding in the state.
| Among prominent Rotarians who
lwill be present at the conference
| will be Garland Jones, District
| Governor, of Newnan, Jake Harris
| president of the Atlanta Rotary
{ club, Bill Keel, secretary of the
‘i(}ainesville club, Frank Archer of
| Rome, Frank Jones of Macon,
| Luke Pettus of Savannah,
| Abit Nix of Athens, Walter
| Whitehead, president of the El
berton club; Max Pittard and Bob
Wade o6f Marietta, Woods Ham
mond of Griffin, Marion Symms
{and Bright McConnell of Augusta,
| George Warren of Atlanta, Claude
'!Chance. ‘iiu!dant of the Athen=2
‘Lnluh and many others, .
THE TARIFF WRANGLE
The future welfare of the South, if not, indeed, the
entire country, is so inextricably bound up in the resto
ration of foreign markets for our surplus raw products
that it will be nothing short of calamitous if Congress
should adjourn without passage of the tariff bill in such
form as will give the President practically a free hand
in scaling down insurmountable trade barriers and nego
tiating reciprocal agreements with foreign countries.
Industry has shortened hours and raised wages, in
creasing overhead whether revenue justified it or not,
yet there still are eleven million unemployed persons in
this country; the Bankhead bill has been enacted into
law, restricting cotton production to ten million bales,
in an effort to stimulate the price of the staple, yet the
market hes registered a decline since passage of this
bill. It is quite patent that we cannot depend indefiniely
on artificial stimulation (although as an expedient it
hag its virtues) but that something more fundamental is
needed, and the sooner we get it, the sooner we can dis
card some of the theories that sound better than they
work.
Secretary Wallace, himself, has declared that unless
trade relations with foreign countries are re-established,
it will be necessary to retire from cultivation fifty million
acres of land. Just what would become of the thousands
of farmers, thus deprived of employment, is a question
that those oppesed to tariff revision have nbdt chosen to
answer. We are quite certain Senator David Reed, of
Pennsylvania, Republican arch-opponent of lower tariff,
would not wish them to descend upon the Pittsburgh dis
trict where more industrial workers are said to be out
of jobs than in any other like area in the universe. This,
despite the faet that the present Republican tariff law
was enacted on the premise that it protects the working
man’s job by shutting out cheaply manufactured foreign
products. '
In reality, though, that claim is so much ballyhoo to
catch the laborer’s vote. What the ‘eastern manufac
turer is really interested in—and always has been—is a
system which enables him to fix any price for his pro
duct that his fancy dictates. And he got away with it as
long as America was a debtor nation, ‘during 'which
period foreign countries stood willing to accept our ex
ports—and credit our account, irrespective of whether
we imported their products or not.
But when the situation was reversed, Uncle Sam be
coming a creditor nation, and erecting a tariff barrier
that made it impossible for foreign governments to send
us their goods, the shoe began to pinch.
When foreign countries retaliate by excluding our
raw products—cotton, wheat, corn, lard, ‘et cetera—
thus impoverighing our agricultural classes, what be
comes of the market for the products of our factories?
It vanishes. Foreign countries won’t have them, and
11 million American farmers can’t buy them because the
tariff has rendered sale of farm commodities abroad
next to impossible. The purchasing power of town and
city residents—mere dollar-swappers—is reduced be
cause the farmer has no money to spend with them; so
the only alternative is for factories to suspend or curtail
operations, thus swelling the ranks of the unemployed—
the very thing the Republicar high-tariff advocates
contended the Hawley-Smoot law would eliminate. But
it doesn’t work that way.
In Secretary Wallace’s ‘“America Must Choose” pam
phlet, he mentioned, as one alternative to retiring fifty
million acres of land, the admission annually of one bil
dollars’ worth of foreign goods more than was admitted
during a previous peak year, the thought of which
brought cold sweat to the brow of many Republican in
dustrialists who visualized the country flooded with
cheap foreign goods with which they would have to
compete in price.
These gentlemen seem to have forgotten the haleyon
days of 1926 when the United States imported goods to
the fabulous sum of $4,430,000,000, an increase of sl,-
300,000 as compared with the imports of four years
previously. What happened? During the period from
1922 to 1926, employment was increased two and a half
million; earnings of the average wage earner increased
more than S2OO a year, and the total wealth of the
United States was increased by nineteen billion dollars.
Why? Simply because, by accepting imports on a
gigantic scale, we were enabled to export on a corres
ponding basis, enriching the agrarian classes, who in
turn hought the products of mills and factories, thus
providing satisfactory wages for factory workers and
dividends for the industrial stockholders. It is quite fun
demental that if we expect to export, we must also be
prepared to import. -
Republican opposition to a low tariff is traditional;
we should hardly expect their support of the President’s
proposal. But we have a Democratic. congress, and if we
can’t look to a Democratic adminigtration for tariff
reforms, which is Simon-pure . Democratic doctrine,
where else can we turn? Senate Democrats caucused
over the situation Monday night, and so eager is the
President that this legislation be enacted at *this session,
that Senator Robinson was emphatic in his statement
that solidified party action is essential.
The Southern cotton farmer feels that the drastic re
duction in acreage is his only saivation this year, but
nothing would suit him better than to be told next year
to produce all the cotton of which his land is capable;
that foreign countries constituted a ready market at a
profitable price. Such an eventuality is possible only
through the new tariff measure, as advocated by Mr.
Roosevelt, and on its fate depends the success or failure
of the entire recovery effort,
A. B. C. Paper—Single Copies, 2c—sc¢ Sunday
VOTE ENDORSEMENT
OF MWHORTER FOR
30 STRAIGHT TERM
Committee Votes 3 to:2
For Clarke’s Term to
Ce Given Oglethorpe
SET PRIMARY DATE
Wilkes Delegation Serves
Notice It Expects Office
When Turn Comes
B
A lengthy and turbulent meeting
of the 50th senatorial Democratie
axecutive committee ended this
morning in Cilarky county courts:
house when the committee voted
for Clarke county to stand aside
andi allow Oglethorpe county the
unprecedented privilege of neming
the state senator trom this district
for the third consecutive term. The
committee then voted to endorse
the present senatc., Hamilton Me-
Whorter, Lexington, for re-nomina
tion.
This action by the committee
marked the breaking of an agree
ment entered into two years ago
whereby the post was to rotate"
among the three ¢#ounties in the
district, Clarke, Oglethorpe and
Wilkes. Senator McWhorter has:
held the post for the past two'
terms of four years, and under the”
old agreement, the office was to
be Clarke county’s for the next
four years.
Present At Meeting
! Present at the nieeting were H,
J. Rowe, chairman; Farl Norman,
gecretary, Wilkeg cJdunty, who held
the proxy of C. H. Orr, also from
that county; E. P. Shull, Ogle
thorpe county, and W. H. Rey
nolds, Jr,, who held the proxy of
C. R, Crawford of that countiy, and
John D. Elliott and Percy S. John
son, Mr.. Johngon held the proxy
of Ed Wier, a memher of the com
mittee. A, C. Erwin, the other
member of the Clarke dulegation,
was not present,
Mr, Elliott introduced a motien
that Clarke county stand aside and
allow Oglethorpe tounty to name
the senator and that the commit
tee endorse Hamilton -McWhorter
(Continued on page seven.)
Hunt for Kidnapers
Halted to Negotiate
For Child’s Return
. TUCSON, Ariz—{#)—The Xid
napers of 6-year-old June Robles
were free Tuesday to negotidte
for a $15,000 ransom without in
terference from authorities. .
Fer father, Fernando Robles, {8«
sued an announcement to the kid
napers saying he was ready to
me~t fully their demands and
that, at the family’s request, offi
cial investigation had been stop
ped to permit unhampered negos
tiations. 3
~ Bernabe Robles, reputedly weal
thy grandfather of the child, r:-
Lturned from a. second trip across
the border to Santa Ana, Sonora,
where he told a hotel proprietor
he had sought the advice of Man«
uel Gamboa, recognized in that
area as a seer,
In Giendale, Calif., John Mauier,
automobile repairman and urele
of June, said the kidnapers had
demanded by telephone -the dis
continuance of official search ‘for
the girl pending ranson nmr
tions. Mauler said the in
tion was contained in a telegram
from relatives in Tucson and add
ed June’s parents believed .the
kidnaping was the work of some
one seeking revenge against Ber
nabe Robles, probably as the- ree
sult of business dealings.
LOCAL WEATHER
Generally fair tonight and
Wednesday, exdept probably .
occasional showers cn the coast, .
little change in temperature.
—— vy
TEMPERATURE
Highawt. .« o sass diss dron SN
LOWOBE . oiu iiivih seis ....51‘}.,0‘
MOBR . o ciih eyt anin oo
Normal.. ... il s s N
RAINFALL N
Incheg last 24 h0ur5........ .00
Total since May 1.......... 0.00
Deficiency since May 1.... .08
Average May rainfall...... 3.69
Total since January 1...,..17i84
Daficiency since January 1 .97
