St. Louis Post-Dispatch
March 4, 1929

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pas hoe, ett? bts» , mar eS Peas Jes: , g ke 20 ST.LOUIS POST-DISPATCH The.Only Evening Newspaper in St. Louis Withthe Associated Press News Service Closing Stoc 1 (Tables in Part Il, Pages 30, 32, 33) xk Market FINAL Prices— amolete Sales ‘0. oe 8. NO. Av? | ST. LOUIS, MONDAY, MARCH 4, 1929. —40 PAGES PRICE 2 CENTS INAUGURAL Alternate Periods of Heavi- ness and Strength Char- acterize Day’s Trade on Exchange. ee ‘SHARP REACTION IN THE LAST HOUR | REVOLT BEGUN "sats Hong List of Losses of bo A Telegram From Calvin Coolidge THE WHITE HOUSE, March To the Editor of the Post-Dispatch BILL appropriating $48,000 to improve Mount Weather for a presidential refuge is just being signed by me. I con- gratulate you on the success of the campaign first broached in your newspaper and almost unanimously approved by the press of the nation. The Congress has shown an inclination to treat a President with the same kind of consideration it extends to our birds and other wild life. CALVIN COOLIDGE Two Magazines Announce 1 to 5 Points at Close— | Exchange Loans Down | $56,618,325. the Associated Prese. NEW YORK, March 4.—Alter- ate periods of trength characterized wk market, with the general list heaviness and | today’s | sae : 'Revolutionists Seize Gov- eting sharply on heavy selling or both accounts in the American Allied Chem. and Radio (old trading. F * points, %, Gen, Llectric bodk)® 8 and a long list of oth- B close! {1 to 5 poinis lower. he market opened irregularly downward then Liarly de- Na! r, turned sharply Bthe iate med upward again. é forenoon and last hour | Iexpress —_ EE mes of 1 to D} points were cut) and a fairly : h, or wiped out, | Se ae list of stocks ints higher, —Revolutionary troops today be- gan moving northward from Vera Cruz ress would be slow because of the They Will Publish Series Of Articles by Coolidge — oe ee eee Has Written Three Peace for Ladies’ Home Journal— To Tell in American of Life in White House. ~~ + Cee IN MEXICO 1, 30 FAR, BLOODLESS wns | PHILADELPHIA, March 4.— | After Calvin Coolidge had _ 4e- parted from Washington this after- noom the Ladies’ Home Journal announced that the former [lresi- dent had written three artic‘es on “Promoting Peace” for the pubhli- cation. The announcement, Loring A. Schuler, magazine, says: “Calvin Coolidge has written for ““® the Ladies’ Home Jiurnal three ar- Mexico ticles on the principles of peace. ee ernment in Parts of Vera Cruz and Sonora and Claim Aid in Eight States VERA CRUZ, Mexico, March 4. signed by editor of the in the direction of City. | ‘In his Armistice day speech of It was stated that heir prog- last November, the retiring Presi- dent said: ‘For the cause of peace through | the United States is adopting the Only practical principles that have ever been proposed, of preparation, limitatian and reunuciation.” mountainous territory which they must pass. Meanwhile quiet and order pre- vails in Vera Cruz with the State ——— . DEMAND FOR ENFORCEMENT OF LAW MADE IN ADDRESS Executive Also Emphasizes Need for General Over- hauling of Criminal Pro- cedure in Nation. ae ae ee FOR DRY WORK IN JUSTICE BUREAU Urges Way Be Found for U. S. to Take -Place in World Court and Further Arms Limitation. er’s inaugural address will be found on page 15 of this cdition. T HIE. text of President Hoov- Post-Dispatch Bureau, 201-205 Kellogg Building. to a declaration that the States, through measures, ra President Hoover Taking the Oath of Office —— eae ee ——- —_— a WASHINGTON, March 4.—Her- bert Hoover in his inaugural ad- | dress, delivered immediately after he had taken the oath of office today as the tbirty-tirst President of the United States, gave primary emphasis to a demand for law en- forcement anda general overhaul- ing of our criminal procedure, and United further limitation of armaments and other practical stood ready to co-oper- ate to the fullest extent in estab- Sn ee ee } S y) HOOVER INAUGURATED AS 3IST PRESIDENT WALLSTREET TREAR MARKET | FOR HOOVER a 50, 000 IN RAIN SEE HIM TAKE OATH OF OFFICE 'He Is Sworn by Chief Jus- tice Taft Before Largest Crowd That Ever Wit- nessed Such a Ceremony. WEARS OVERCOAT DURING ADDRESS Brilliant Court Costumes of Foreign Diplomats Make ON A CRO LEV RO DREPL PYRE SEE Colorful Display at Capi- tol—Parade Follows. By CHARLES G. ROSS, Chief Washington Correspond- ent of the Post-Dispatch. o'clock this afternoon, the oath of office. WASHINGTON, March 4.— Under leaden skies that dripped a dismal rain on a huge throng gathered on the Capitol plaza, Herbert Hoover, shortly after 1 was sworn in as the thirty-first President of the United States. Chief Justice Taft, wearing his black robes of office and a black skull eap, administered Neth ME St ty hy an Oe re -~ — -y ~ re -w ‘i - Pair Cee be Sater ee. are ate a a “a2 ae Fe ake RT Gq ee ee A j Py BOUT Spagna ula eg be ; ox eae » taint with wbout a dozen President Hoover’s response ground, by early : to the question solemnly put by the former President of the’ United States—the question CHIEF JUSTICE TAFT administering the oath to the 31st President of the: United States in front | whether he would uphold and new high lishing world peace. ernool). Active selling was encountered 10 MONET main the late afternoon, driving "RUST YOU mS. Stecl, American Can, Bethle- m Steel and other favorites to lowest fizures of the day. “He has elaborated these three | fundamentals—Preparation, Jimita- He spoke for determined action tion, reunuciation—in three articles | @t home to stamp out “the un- | LAREDO, Tex., March 4.—Un- | under the general title, ‘Promoting doubted abuses which have grown | confirmed reports here today said | Peace.’ ee eee Ree that Gen. Antonio Villareal, an-| “The first of Mr. ment” and for “active effort” in nounced candidate for the Presi-| articles will appear in the April | the foreign field to bring about the of the Capitol building in Washington at noon today. Associated Press photo, sent by wire to | nd:o (old) slid down further to! dency of Mexico, has rebelled and | issue of. the Ladies’ Home Jour- | peaceful settlement of controver- the Post- Dispatch, 1/;, compured to its earlier | seized Monterrey, Mexico, about } nal, the second in May and the | sles. megemetaiapeietiemnesnareataaenmmesmsrnitiontiining ee = —— ce of 406, while Johns Manville | 150 miles from Laredo. third in June.” Asserting that the , | dial sock VERSE FROM PROVERES | NOBILE CENSURED CHOSEN BY HOOVER ON ‘in charge of Gen. Jesus Maria Aguirre. of By the Associated Press. we ( ‘oolidge’s defend the constitution of the | Nation—rang out clearly. **I do,”’ he said, and then, | leaning, kissed the Bible. Calvin Coolidge, the retiring President, shook hands with his The reports, which were received over a private wire from Monterey , added that Gen. Juan Andreu Al- York Steck Icexchange | Inazon, divisional general in charge $56,618,325 in} of Federal troops in the State of! literature when he By the Associated Press. NEW YORK Coolidge will turn to the pursuit of public s “disregard and disobedi- ence of law, “President Hoover an- nounced for the tirst time that his pror\ised investigation of March 4.—Calvin | Loans Down S56.618 025. The Ne \V" ports a decrease ot 2 ma eenee sae e*8 6868885895 ™ BThe average of v0 Pe, te Lop. Mber loans during the February, the total on the last ef the month W917. o ks closed 2.5 points lower, 20 wo0ads .9 of a point, and 20 util- 2 points. Ml Money renewed unehi inged $ per cent, but the supply of 8 Was fairly plentiful despite Calling of between $15,000,000 $20,000,000 in lows. With Month-end demands out of the month rebels ncar ee nF being eb,0438,- | | ' industrial | | | ,a) Casicr tone Is expec ted un- | ihe banks begin preparation: March 15 Government finane 8d income tux payments. mess of Vritne Commercial show ul the highest levels in l years, has revived feurs of + mht rates. al ! nier Prestdent, was made Merease in Mederal-lieserve re- | Of War, in charge of all Wolutionary outbreaks in Mex-| Were a source of deep concern Many speculative relatively few Perelios quarters listed on tiie “big & wave properties which wa be directly affected = ©xpressed that the new M be utilized by “bear’ as an excuse for a gene ral as- On the market. BAainin. Ping shares changed hands in Volume at advaneing Mm BOT hew leuders bin the ‘ge priced group. Ken L (hey One Ope of 12,000 Other Lode PYOllowed by blocks of and 22.000 at shares Changed hands at 7600 at 6, duplicating Murray Corporation and ™'0ved into new high hag £uins of mf to od by points Y afternoon. fa) Y buying of Chrysler. ~ advanced 4 points pearly afternoon tr; iding os Vi Mae oe o{ £ dropped 4 1, tlhe 4 thléhe m Ste wt SMical 2 «6, t lar Price movements ush- Inaugural day on the kK Exchanee. ' Dorts ©° ees in caused IN speculative only direct nf i which In the points. MiIont- and Wreht Beh. Mexico quarters, : “4 pPomt or : im the 8 Govern, Se eeeeteeenitien te eee. 7% MOckh prices with — and market news = On pages 30, 31, American | fears | s| Ship was trad- | taken | bloodshed—by the rebel forces, in| | Vera Cruz under the prices, | a brought for- | moved up to a new | § Tonight’s | Nationul Power & |} Sonora, was the revolution shortly before loyal forces today to mect attacks | things as the health of a ' of revolutionists, ' dent, from loyai stutes to reinforce the | lle Mexico City garrison other combat | ' contingents were prepared for de-| tracted for. of the parture und Sonora, re-enters pri- Coahuila, was in a conflict. with; vate life, at least to the extent of Monte rrey. one series of magazine articles of the “human interest” type. When the , ‘ (to him Gonzalo Escobar Mi Associated ” NOGALES, March 4. of the Uy the : question was put up directly whether or not *, Coolidge was going to write tor has been|the American Magazine, Merte named commanding officer of the} Crowell, the publication's editor, Mexican revolutionary movement, | acknowledged that a series of arti- Gov. Topete announced here today. | cles had been contracted for, al- Sinaloa, the State just south of | though he would Zive no detuils. {t declared by rebel] was learned, however, that the here to have gone over to Sonora, Mexico, —(Gen, State Coahuiia, leaders noon. | the fine points of diplomacy or yy] - Ey itics 5, but rather with the “human” MEXICO CITY, March 4.--The| side of life in the White House. Mexican (;overnment mobilized | Mr. Coolidge will write of such Presi- how it is maintained so that may give full energy of mind to his task of Gen. P Iwlias Calles, for- | he Secretary ! and liilitary | the lutareo body As troops were brought here | fers trom that of other me) may tell, too, to judyx ithe general tvpe of materi: ! social | to the states of Vera Cruz} the White House and of the |: where the revoit ap-|ly incidents of human peared to center. | would not prevent him from writ- Index. .| ing books or such articles as he is > to do for the American Magazine. more i a a ee i i Coolidge articles will not deal wiih | serving | people, and in what wavs the | operations. | health problem of a President dif. | interest in? of his | secretaries wrote last week to the | compensation and savy-| would be | | phase of po- dollar-a-word | pedia company said he would de- | Coolidge’s natural | _economy of speech to limit his out- | could be | the whole eighteenth amendment causes of abuse under it.’’ lor Co-operation by Citizens, i nents dry laws by the | citizens. “There would be little ilegal liquor,’ he said, “if criminals patronized 3t. We awake whole must to the fact that this patron- age from numbers of abiding citizens is supplying the re- Wards and stimulating crime,” large Sounding ugain his eall for | versal dry law observance. he “For our citizens to the Violation of «4 that said: patronize particular law on the ground very busis of all lof life, of which thr (‘other laws that homes and rightly claim property Statements of Purpose and Policy. In addition to the announcement that he would name a commission to explore the whole inal jurisprudence. ver miade the following of concrete purpose and poli That a large part of the hibition enforcement activities Should be transferred from the Treasury Department to the De- partment of Justice “as a he- ginning of more effective organ- ization,” That acceptance of the Kel}. logg-Briand act for the renun.- Cilation of war “should pave the way for greater limitation of armament, the offer of which we sincerely extend to the world.” That a way’should be found for the United States to take its place in the World Court. That he will call a special! ses- sion of Congress to deal with farmn relief and “limited changes” in the tariff, and that upon the assembling of the ses- sion he will outline his views on those questions. ficld of crim- President Too0- pro. own The address of the new ident was a tittle more than | words in length Tle purpone d, in conformity | cus stom, to express | rectly’ ee ee 0900 with —— — - —— Continued on Page 2, Column 6. Investigation ol structure of our Federal System of jurisprudence, to include the method of enforcement of the and the | In this connection he called both for warfare upon the “criminal ele- engaged in the illegal sale ‘orsised investigati f prohibi- | lion enforcement would deal not | FUR ALIA PRASH alone with that subject, but would | be “a searching inv ati i | Mussolini Criticises Com- : ‘ of liquor and for observance of the body of,| traffic in | only i By the lawe- | | italia last May was «tach unig } | pander. 1 Cer ser c, they are op- | posed to it is destructive of the | disaster. protection | 'for the crash itself; the 'finds no acceptable under , Stranded Statements | pilot, and Capt. | i~ator, i Swede | subject of many reports after their | Presj- | “simply and di- | his views on some of the mander for His Rescue From Ice First ee Oe Associated l’ress. ROME, Mareh 4. for the North disaster Pole flight of the dirigible ed today to Gen, Umberto Nobile, its com- Two counts are which was made by the board of inquiry into the uppointed by Premici official Mussolini. The first of these Nobile second justification of his letting himself be rescued from the ice first when finally the Swed- ish aviator, Lundborg, reached the THe, . The report contains the highest praise of Capt. Alberto Mariano, lilippo Zappi, conduct with the Malmgren, blames whose inn rescue, ‘The report says tho Jtalia was due to a ver, the result partly of the com- position of the crew and of the way the craft was handled. Responsi- | bility of the maneuver falls on the Italia’s commander.” work, wreck of the ‘The rescue both of Ttal- The committee was presided over | by Admiral Cagni and = had ts | members four Generals, one Ad- miral and one Senator. The Italia crashed on the ice north of Spitzbérgen on May 29 on its return from a trip over the, North Pole. Part of the gas vag | with six men aboard was carried | away and never heard of since. 'One was killed in the crash, an- while cight men! lwere rescued after a month to six other died later. weeks on the ice. Permitting | contained in the hnav- was the “faulty maneu- | | Commission Appointed by | i WHICH TO KISS BIBLE By the Associated Press. WASHINGTON, March 4. HIS is the verse from Pro- T ver: 29:18, which Herbert Hoover selected to kiss on the administration to him of the oath of office as President: “Where there is no vision the people perish; but he thit keepeth the law, happy is he.” C -Official blame | which ended ie | LOUDY TONIGHT, TOMORROW; NO CHANGE IN TEMPERATURE THE TE MPE RATURES 1.5 | ' | i Louis am vicin ty: s‘loudy tonigh the lowest tonigh Missouri: Part iv cloudy tonigh and in teniperature. Illinois: cloudy, snow in nortl portion ind tomorrow, nnd rain in soutl portion in te inpe rature. y ; Associated [’rees. ‘jans and nationals of other coun- | | tries, was praised highly. | a of | Ge neral of the Philippines, who 1s; 1 his way to Washington to as-| | oT |} sume the | in TOKLO. March 4. l’remier Ta- ika today gave lienry Il. Stimson, Governor- the Hoover Cabinet —— - Officizt forecast | THE SHIP OF for St. STATE HAS AN ENGINEER. Partly nd tomorrow ; not much change | igover had in temperature ; will be about 30, tomorrow; not much change Mostly i possibly , und with light rain or! . tonig.i(t | tonight; not much change | a dinner tn honor post of Secretary of State Es . President Smiles and | Waves to Crowd as Spe- Washington for Home. Assoviated Press WASHINGTON, A Me ica s March £" ‘ident no longer but leading private citizen in- stead, Calvin (‘oolidge lost no | time today in quietivy slipping from the vast inaugural li throng at the Capitol and en- training for his old home at {| Northampton, Mass. A few minutes after away President completed the deliv- | ery of his address, Mr. and Mrs. (| Coolidge said good-bye to the rroup of notables who with them | -“|had witnessed the inaugural cer- t emonies, Then they | waiting motor car and .were 'en to Union Station. { Several thousand |gathered there to Say cheer as the party. entered attached to the Railroad's Montre- | driv- ja private car | i’ eo ‘nosylvania | aler | Coolidge Smiles at Leaving. : Mr. Coolidge, hat in hand, his face wreathed in smiles, paused platform for photogra- then called Mrs. besids him fon the ; 0m rs and stand with aris. A milgrophons wus Mr. Coolidge, who, still smiling. said good-by: lic and Mrs. Cool- idge waved their hands and entered the car amid cheers from the | crowd, Jater Air. 'hatless and came out. coatless, and shook Coolidge ROF. IRVILN¢ Yale ‘University Weekly Roald Amundsen and Rene Guil- | baud, krench aviator, lost lives in the attempted the stranded men their | rescue of ' lISHER, economist. Review of discurecs IRVING im his business and Minance creait diversion and stabilization on page 31 of this edition Prof. Fisher's articles are a regular feature of th: financial section of the Vost- Dispatch @ach Monday. business hands with a number of friends crowded around the platform. Someone called out, ‘Three cheers for the Coolidzges’”” and i they siven with much en- | thusiaasm. As the train || out, someone cried. “Three cheers for Mra. Coolidge!” and an even |} more deafening roar went up. were 1 Mr. and Mrs. Ceolidge were atill i ead ee ‘Continued or Page 3, Column 2. FORNORTHAMPTON ~ AFTER GEREMONY | ‘The rain persisted through the It was a light fall, but enough to bring out a President |'Hoover was partly protected by cial Car Departs From | the roof of the inaugural stand, |built out over the steps of the but the ‘rain beat in on his bared head and the pages of his manuscript. He -| wore an overcoat. The crowd at the start was the greatest ever assembled for an in- stretched far /across the plaza towards the squat 'dome of the Congressional Library ‘and on the wings it reached to the | Senate and the House office build- Amer- entered ai persons had | ood-bye | Cool. | STIMSON IS GUEST IN JAPAN) 2s" (0 stand, peste, im. ‘oat handed to | pulled | address. | Rain Beats in on President. ‘whole ceremony. | myriad of umbrellas. least front of the Capitol, /auguration. It ings. From the inaugural stand one | Sot the impression of a plaza com- | pletely covered with umbrellas— a sea of umbrellas, their splotches otf color making a brave contfast 'with the gray skies. There were crowds on top of the Senate and House wings of i ‘the Capitol and even on the roof of the distant House office bulld- ling. How many were there gito- gether to witness the spectacle it ‘is impossible to estimate, Cer- ‘ tainly there were more than 60,- 000. for the city is swarmming with visitors as never before, 150,000 Visitors. l’robably 150,000 came from out lof town for the inaugural cere- monies—-the show at the Capitol, ‘the parade, the ball and the oth- er events of Washington’s gfeat | quadrennial pageant. | The discon fort of standing in | the rain drove many away during ' the President's speech, but there | was still a huge throng at the end to give him a cheer and stand un- covered as the band played the i“Star Spangled Banner.” One other flag than the Agperi- can was displayed on the Capitol. On the roof of the House Wing were a group of young Australians who are touring this country and Continued on Page 2, epee bec ae Rae ee he isuecessor. and the new chief ex- ecutive immediately began the de- ‘livery of his prepared inaugural