St. Louis Post-Dispatch
October 10, 1929

Historic newspapers carry the language, views and graphic reporting of their time, including racist content. They are shown to teen and adult profiles.

The text was read from the page scans by machine (OCR), so it has mistakes and its columns may run together. See the pages · About this title · At the Internet Archive

Page 1

THIS a NOT TO Og WERA EC na e Loans miner Lan tobe it) by 4 7 _— Wy TODAYS Po ly ODAY TOD \ The Only Boaiting Newspaper im St Louis With the Assbciated Press News ) Service oo. } fad i) go's Pri A, 82. NO. 34. ST. LOUIS, THURSDAY, OCTOBER 10, 192948 PAGES PRICE 2 | ALL STREET FEL ORDER ‘Bi STARTS Tock RISE ———— filed Business of U, S, See] Corporation Increas- +s 244,370 Tons When Decrease Anticipated. OKERS LOANS SHOW | 91,000,000 DECREASE LS. Steel Adana More Than 12 Points — Short Covering a Factor in Upturn. 1¢. — Stock impressive rally to an unexpect- 'WAGGONER GETS 15 YEARS FOR $500,000 BANK FRAUD NOT A “ROBIN HOOD” In Pleading’ Guilty, Defense PROSECUTOR REVEALS CHARLES D. WAGGONER. APPARENTLY MAKES ‘GOLDFROM LEADBUT S. Steel Corpora- | ort and easy cred- | profit taking | Alchemist-Plumber Passes Ger- lose but prices “ian the day’s scores of issues s of %.to 12 points. 1 moderate expan- the d&y’s sales 00,000 shares. played an inrpor- day's advance, but took place for all traders de- ons of some of the ouses that long reduced on the dropped from 6 usua! week-end ing more than inds available. ecent e reported fali- mand for steel and building speculators were any large increase eer tonnage. ace of two hours wate ied more than ull session of lIast Other ’ ~ zs markets. sympatiy. Down $91,000,000. rokers and dealers ‘ork Federal Reserve for the week end- announced after today by the Fed- ard as $6.713.000.- ng a decrease of eompared with the report shows ccount decreased iccount of out- eased $27,000.- of others in- York © Bank of En- ange in their ») and 6% per for the ‘ easing of mon- -iderable enthusi- t observers re- possible on the of low divert bond market or unattractive to nd result ai Lower mon-, | Girl Who Admitted “Leadership in accompanied by volume of new | -'5 Points, hnimMmeory points at in unfilled or- ted largely to rafl- t Was pointed out s may have been the expected in- ver business. Amperi- J. 4. > tae. i Ingersoll Rand all ines of 16 te: 3 rwood Eltiott Fisher t] 10 points to a ‘1°, but lost part of 230 Ms ‘ c Power. c ew soft spots. Co- dropped 6% points 4'; and Simmons Machine & Foundry Mobile & North- Farm Equipment or more, Decline in Coffee. markets were mixed, sensational drop of i in coffee prices te « for the year as the rallied 60 to 76 Wheat and corn fu- about a cent @ “perts of more favor- nt of new high fec- German and Dutch ‘ided speculative in- ‘reign exchange mar- ‘icd generally higher. a “tock prices, with 7 and narket pews. hound ou Pages 39, 40 ‘ Mons ry: - i 'the following official ; TRICK IS SUSPECTED man Mint Officers—Pre- viously Arrested as Swindler By the Associated Press. MUNICH, Oct. 10.—i anz Tau- send. a former plumber who pro- fessel to be an alchemist, purport- ed here yesterday to produce a tenth of a gram of gold from 167 centigrams of tiead. the mint watched him carefully, but still are not convinced he ac- Officials of, tually obtained the gold from the. lead. Officials of the state mint issued statement: two “After experimenting for t decline in | hours. Tausend produced a grain of _the purest gold. weighing one-tenth ‘of a gram, which was smelted from | ' hand.” scribe the result as surprisizely fa- | vorable and contradictory to scien- | 1.67 grams of lead. Experts de- Director -of is unable to tific knowledge. The the Mint. however, suppress doubts as to whether Tau- Federal | tinctures” chloride and alters ag ) . ; advance! University ef Munich send was able to smuggle the gold into the test in spite of rf pre- cautions.” It was generally toncadee former plumber. who has been in jail for defrauding numerow high personages, including Gen. den- dorf. of $100,000 on alchemy schemes. would have to repeat lis feat under much stricter control if he were to satisfy the doubting Thomases. He was searched: care- fully and watched closely prior to and during his test yesterday. In. previous experiments _two methods were used to obtain gold. The first was with a “tincture of which consisted of tead caic‘um hydroxide smelted with potassium and sodium in addition to quicksilver. In the second method he used potassium | hydroxide, rock flint and ferric ox- | idc. Prof. Otte Hoenigschmid of the who is an authority on chemistry was quoted today as expressing the opinion 'that Tausend’s gold making was a boomerang | theory | rates | invest- | great swindle and that the gold must aave Deen put in the before its extraction. SIX ALLEGED COMMUNISTS CONVICTED OF CONSPIRACY California Colony Also Found Guilty of Flying Red Flag. By the Assoctated Pres. showed a | SAN BERNARDINO, Cal... Oct. 9—A Superior Court jury itast night convicted of conspiracy six of seven persons arrested fast Au- gust in a Sheriff's raid on an al- leged COmmunist colony in Yucai- pa Valley. Miss Yetta Stromberg. who tes- tified she was a Los Angeler col- lege girl and admitted she war one of the leaders in the camp. was found guilty of flying the Red flag and of conspiracy. isador Berkowitz, Jennie Wolfson. tster Kappeliffe. Emma Schneiderman and Bella Mintz were convicted of the conspiracy’ charge alone. S«rah Cutler was acqui*ted. The Court set Saturday for im- position of sentence. at which time. defense attorneys announced. a mo- I tion for a new trial wil! be filed. The defense denied that a Red flag found fiying over the canip by raiding officers was a symbol of Communism. ed that Communis- tic literature. seized im the raid. had been distriputed to chiidren. as charged by the State. Chiidren. identified as residents of the col- ony, testified that the Red flag was raised @uring special cere- monies each day. 2%%-Minute Session of House. WASHINGTON, Oct. 10. — The House today shortened by half a minute its record for the special session when, with Representtaive 7 Tilson of Connecticut, the majority teader, presiding. i held its i weekly meeting in two and 4; _- | minutes. the | lead | —_— -_-- Calls Him a ‘Robin Hood’ —Prosecutor Says Motive of New York Crime Was to Hide Colorado Em- bezzlersnts. Cy the Associated Press. NEW YORK, Oct. 10.—Charles Delos Waggoner, . Telluride, Coio.., bank president, was sentenced to 15 years imprisonment today on his plea of guilty to mail fraud in connection with a scheme to obtain $500,000 from six New York banks by means of forged authorization papers. Witnesses had been assembled from as far away as the west coast for Waggoner’s trial. but when the case was called today defense counsel entered.a plea of guilty. United States Attorney Charles H. Tuttle then moved for immediate imposition of sentence and the banker was sentenced to a 15-year term in Atlante penitentiary. Several of the many withesses as- sembled, including members of Waggoner’s family and some of }.is bank employes, who are now free to return heme, have been here since early last month, having been summoned ts appear before the grand jury which investigated Wag- goner’s mu. ipulations and returned the indictment against him. The presence of these witnesses was used ov District Attorney in his argument for an early trial Jate for the 'idi. ed banker. He piead- ed that they were undergoing hard ships by remaining here with only $3 a day allowed for expenses by the Government and that several would be in danger of losing their. jobs. In asking for a severe sentence the prosecutor accused Waggoner of embezzlement from his own bank in connection witb his han- dling of a iarge estate. He said that this embezziement furnished the motive for the more recent | MISS JEAN FORD CROWNED VEILED PROPHET QUEEN ‘Debutante Daughter of James L.*Ford Jr., En- throned at 49th Annual Ball at Coliseum. ARENA DECORATED IN SILVER AND GOLD 9000 Attend Affair, at Which Latest Creations of Modistes Mingle With Mummers’ Costumes. Crowds moved on the Coliseum last night. It was the forty-ninth annual Veiled Prophet’s ball—a pompous combination of coming- out party and color-drench pag- eant. As always. the magnifi:e:.t- ly robed arbiter of this oustanding social event, though in full view of 9000 or more persons, reimained un- known—a veiled identity. Not so the whom the anonymous potentate naimed queen. Not so the four ,young wome. he chose as special maids of ,onor. One after anoth 7 the prophet’s crier—a deep-voiced, bearded figure, garbei ltike one of the three wise men of the Kart— summoned the special maids to the purple throne, where they were crowned. Then, while tier after radiantiy-gowned women and for- maliy ciad men straightened ex- pectantiy, the crier called out the name of Miss Jean Ford. 19-year- old daughter of Mr. and Mrs. James lL. Ford Jr... 54 Westmoreland crime against the New York banks, | “when | was at: in desperation reckoning committed the day of “Altruistic Pu~pose™ Cited. The banker had .old Federa! in- vestigators he hoped to use tlic half million dollars paying off de. powitors of his Telluride institution which was on the verge of col- lapse. Waggoner’s attorney, Allan RFR Campbell. entered a plea banker's behalf. urging that Wazg- goner was entitied to sympathv and consideration from the court because of his “altruistic purpose” though his acts had been admit- tedly criminal. The defense counsel! presented tv the court a copy of a note Waggon- er had written to the Denver Na- tional Bank several months ago. In it Waggoner gave the Venver banks until Sept. 4 to answer a proposition whereby ae had hope to rehabilitate the Bank of Tellu rida Campbel said. and to pro tect himself from prosecution. Campbell .said that Waggoner had been possessed with the idea that the six Denver banks would be charged with the money he ob tained in New Ycrk through the fake telegrams bearing their names. Had Helped Denver Bank. Waggoner went to be rescue of Denver banks several yeurs ago when a panic affectedc them. Camp , bell 7 stated. Telluride Bank to help them out The fact that these same bank- had refused Waggoner accommo dations to the Telluride bank iv the hour of need has ‘borne heav.- ily upen his mind.’ Campbell told tre court. Enlarging in the “altruistic purpose.” of Waggoner his ‘oun. se] said be had in fact been a sor’ of Robin. Hood stealing from rich to give to the poor. Federa: Judge Frank Coleman replied that while the Robin Hood theory was a possible one it war oot at all « probable one, “Tt is not only improbable but un- true.” Tuttle responded “This man committed the crime which caused his indictment from the ordinart human. weli understood’ motive oft-expressed in ierperation, 0° self-protection. It was the old old story oi attempting. when mis deeds were about o be uncovere.] and when the dey of reckoning was at fand with an outraged tio cal patronage ready .o express ‘t scif, to find cover in subterfuge. ‘What Motive Was. “We have found out what this motive realiy Was. “This man had sen executor o: a large estate. The County Judgr (Moy) toid us thet for years they had been trying to get an account’ ing from him as ‘© the funds of | hand and gently drew her to the this estate and that it is now evi @ent that embezzizcment har been resorted to. The property. alinded to as his own, which he used in an effort to rehabilita'e the bank. hac been bought with run4s of the bank and put in his aume when it should have been held in the bank’. name. We know that he caused faise and frrauduient sotes ta o- issued and that he caused loans te in the using gold from his | the | ‘a huge i . . ~ rhinestones. Miss Ford. on the arm place. There was instantaneous applause. The veiled figure of the prophet stayed motionless on his throne on marble platform at the | south end of the Coliseum. To his left. on la-ender- chairs, sat 70 debutantes and matrons of honor. To his right were an equal number. Near the prophet's throne. on smaller thrones. were the four spe- cial maids of honor with flowers in their arms. Carries Rare Orchids. At the perth end of the white canyas-carpeced arena, purple cur- tains hung b'tween two golden pil- lars part-d Srailing. clad in a .1- ver gown that shimmered with of Tom K. Smith, forward ‘oward the throne. He- arms were weighted by a huge oouguet of the rarest orchids, gatuered from far places by botanists of Shaw’s Garden. Under an ornately contrived roof of blue crepe de chine, folk in street dress up in the galleries applauded enthusiastically. -Their ardor was matched by that of the formal tiers. stretching from the arcna boxes to the galleries. Miss Ford, a blonde with blue smiled’ as she advanced. nodding occasionally toward the floor boxes. The usually moved slowly barren and gold. The floor! boxes were covered with pink cloth. Under the blue crepe sky. the colors jumped With masked figures present from the parade ot the uight before, the south section of the Coliseum. dominated by the prophet's platform, was a chro- mat‘c miscellany of the creations of modiste anil fancy costumer. Princess gowns. A mummer Lafay- ette. Long skirts. A mummer tn- dian. brave. of silver : | Crowned With Pi«tinuem Circict. Three little giris railed. behind the eight-foot train. trimmed with ermine. of the queen's shimmer- giris picked up ing i preciousiy. curtsied to the debutantes anG matrons of honor at the teft of the prophet. Then to the debutantes and t1utrons.of honor te the richt of the prophet. Then she curtsie3 to the prophet and knelt. before hs. throne while he placed upon ber * 1d 0a) plathum ss circiet. aigretted. it was the climax of the spec- tacie. All had been known before- hand, save the identity ef the queen. Once the queen was an- nounced by namé, the interest tay in her beauty. ber gown. her de- portment under observation, her curtsies. The applause burst forth again. Queen Jean apparentiy sat- isfied. Blushing. she rose from her knees; the prophet took her the trarn. throne, where she sat at his right hand. Later she teft the throne and stood before former Veiled Proph- ets Queens, One of them with white head. She smiled and curt- sied. paying the tribute of the present to the past. while the queens of other days bowed. Pecorousiy. the Prophet and his comely debutante eyes, ; tier of | i | ing robe. When the voung woman; in Washington and ber escort climbed the ste ps | mornings and hectic micdies of of the marble. platform, the little | the day. Dea r- | Miss Ford | | ganizations took place pro shet's | luncheon. MACDONALD AND 100V. KP TO MAINTAIN WORLD PEACE Text of Joint Statement Issued by President and Premier MACDONALD 1 HOST AT LUNCHEON IN PHILADELPHIA Entertains 40 Persons, In- | cluding Physicians and Nurses Who Attended Him When Ill 2 Years Ago OFFICIAL FAREWELL IN WASHINGTON Premier leila He and President Agreed to Use Kellogg Pact as Guide in Other Matters. ty the Associated Press. PHILADELI'HIA, Oct. ter of Great Britain. who came to Philadeiphia today capacity to meet old friends and to greet those who ministered to him when he here for three weeks two years ago, teft here at 2:33 p. m. for New York. MacDonald, on his in his private was ill Washington to New York with his || and other mem- bers of his party. arrived just be- |; daughter, tshbel, , fere noon. MacDonald. whe was very il) in 1927. sometime give a luncheon here to the physi- cians and u«aurses who cared fvr him in Jcffe-son Hospital. and those who entertained his daugnoter while he w.32 ili. So instead of be- ing the honored guest today he was the host at the private lunch- eon for abcut 4" persons at the Bellevue Stratford Hotel. A receptio.s to representatives of many cultural. Speaks at Heception. At the reception MacDonald said: “I take it. this reception is not altogether given to me, or to the office which I heid, but on account of the cause which made me sai! westward and come to meet you~ the cause of peace. “And where is it more appro- priate to build a temple of peace than in this city called Philadel- phia; this city with its glorious traditions. of wihch [ am a hum- { ble follower. “A great gratitude has brought ; interior of | me here. the Coliseum was draped in cloth | _to Philadelphia that my daughter. Two ears ago 1 came ishbel, might see some of thosr inspiring relics which are in your eharge. Felies of 200 years ago. “T thought my daughter might share with me some of the homage | have for there relics. bot | did | not have a chance ‘ec reve those scenes. tt was then that | became ill and discovered the ski! gener- osity and hostritalits of thiladel- phia. That it wae ~kil!l is proved because 1 am here today. and if you will permit the reme:«. a fit and young man Tells of Strenuous V'sit. *-1 have withstood a gret dem- onstration in New York. feasting late nights. early “l have exveriefced vi-ur gen-. erosity and great kindness: in Phil- | adelphia. How could 1 pase by. your door withr ut stopping” 10.—J., Ramsay MacDonald, Prime Minis- | way from} ago arranged to. civic and other or- || after the | -~ versations follows: The visit of the British Prime Minister to President Hoover which ts now termin- ated. has as its chief purpose the making of personai con- tacts which will be fruitful in promoting friendiy and frank relations bet ween the two coun- trices. Both the President and the Prime Minister are highly gratified by the keev interest which the people of both coun- tries have taken in the nieet- ing. and regard it as proof of the strong desire of Doth na- tions to come to closer under- standing. The British Prime | Minister has been particularly impressed and gratified by the warnith of his weicoine and the flood of expressions of good-will which have poured upon him. During the last few days we have had an opportunity. in the informal. talks in which we have engaged. not only to re- view the conversations of a naval agreement, which have been carried on during this summer between us, but also to discuss somre of the more im- portant means by which the moral force of our countries can be exerted for peace. We have been guided by the doubie bope of settling owur own differences on naval mat- ters and so establishing un- clouded good will. candor and confidence between us. and al- so of contributing something to the solution of the problem of peace in which ali other na- tions are interested and which calis for their co-operation Peace Pact an “Obdtication.” in signing the Paris Peace Pact 56 nations have deciared that war shall not be used as an instrument of national pol- icy. We have agreed that all disputes shal! be sefttied by pacific means. Both our gov- ernments resolve to accept the peace pact not only as a dec- laration of good intentions but as a positive obligation. to di- rect national pol cy in aeccord- ance with its pledge. The part of each of our gov- ernments in the promotion of werld peace will be different. as one will never consent to become entangled in European diptomacy and the other is re- solved to pursue a policy of ac- tive co-operation with its Euro- pean neighbors: but each of our governments wilf direct -ite- thoughts and influence towards securing and maintaining the | peace & the world. . + | “War is Unthinkabic.” if Our conversations have been largely confined fo the mutual || relations of the two countries in | the light of the situation cre- | gated by the signing of the peace pact. Therefore. in a new and reinforced sense the two Gov- ernments not only declare that war between them is unthinks- able. but that distrust-« and suspicions arising from doubts | and fears which ay have been justified before the peace pact must now cease to influence na- (| thonal policy. We approach ol¢ | historical preblems from a 7 new angle and in a new atmos- | phere. On the assumption that war between us is banished. | and that conflicts between our WASHINGTON, Oct. 10. E text of the joint statement issued last night by President Hoover and Prime Minister MacDoneld Ratio aed their con ‘mney or naval forces can- not take place, these probiems have changed their meaning and character. and their soiu- tion. in ways satisfactory to both counuries. has become por- sible. We have agreed that those questions should become the subject of active consideration between us. They involve im- portant technical matters re- quiring detailed study. One of the hopeful results of the visit which is now terminating offi- cially ‘has been that our two Governments will begin conver- sations upon them following the ‘same method as that which has been pursued during the sum- mer in London. Former Obstacles Removed. The exchange of views on naval reduction has brought the two nations so close to agree- ment that the obstacies in pre- vious conferences arising out of Anglo American disagree- ments seem now substantially removed. We have kept the nations which took part in the Washington naval conference of 1922 informed of the progress of our corversations,. and we have now proposed to them that we should ali meet together and try to come to a common agreement which justify each in making substantial naval reduc- tions. An agreement on nava! arm- ainents cannot be com pleted without the co-operation of oth- er naval Powers. and both of us feel sure that. by the same free and cafidid discussion of needs which has characterized our coiversations. such mutual understandings will be reached as will make naval agreement next January possible. and thus remove this serious obstacle to the progress of world disarma- ment. Between now and the mect- ing of the proposed conference in January, our governments will continue conversations with the other Powers concerned. in order to remove as many diffi- culties as possible before the official and forma! negotiations open. Competitive Baiiding Ended. In. view of the security af- forded by the peace pact. we have been able to end, we trust forever. all competitive building between ourselves. with the risk of war and the waste of public money invoived, by agreeing to a parity of fleets. category by category. Success at the coming confer- ence will result in a targe de- crease in the naval equipment of the world and. what ts equally important. the reduction of pro- spective programs of construc- tion which would otherwise pro- - duce competitive tullding to an indefinite amount. We hope and believe that the steps we have taken will be warmiy weleomed by the people whom we represent as a sub- stantial contribution to the ef- forts universally made ty ali na- tions to gain security for . ace —not by mililary organization— but by peaceful meaner rooted in public opinion and enforced by a sense of justice in the civilized world, NO CHANGE 1 TEMPERATURE rane TEMPERATURES As a Pilgrim returns to an ea-Jtr pil- | grimage { had to come to see ence | again those -friends who used to and look at me over the foot of the bed and reveal wm fth-tr coun- tenances how ‘ong 1 hed te live. “l am gratefu! from che heart that they entered into retatoenship with me today as gvests and host | thank you from my h-a't. with unprepared words fer crowing out this afternoon to greet mc.” Greeted By War Veteran~«. In addition to a reception com- mittee at .he station, a delegation of 36 British war veterans living | come in with long. solenm faces! esterday high. 67 (11:15 a. w.): 2 (10 9. m@.! in Philadeiphia formed two tines) & through which the British states- man walk d. As he proceeded be shook hands with evrry man down one line and then retraced his| steps to do similar enor to the| Othe. liae. While thus engaged. Mise Ishbel - MacDonald was ¢ nuree. About 500 persons were at the | Continued on Page 3, Column 3. , Continued on Page 2, Colume 5. | bouquet of roses by a British war! Be BEAUMONT. Tex... Oct. 18.— Fears for the future of the Sour i 2 FEE een ins EDGE — HOPE EXPRESSED: FOR SPOWER AGREEMENT ON DISARM Joint Statement Indicates Direct Parley Between U. S. and Britain Over ‘‘Freedom of Seas” Issue. TO TAKE UP OTHER POINTS IN DISPUTE “‘Obstacles in Previous Conferences Seem Now Substantially Removed,” Their Message e Says. By CHARLES G. ROSS. Chief Washington of the Post-Dispatch, WASHINGTON, Oct. 10.—On the eve of Prime Minister Mac- Donald's departure from Washing- ton, he joined President Hoover in a public statement summing up the fruits of their fireside di- plomacy..The message was one of unboundel faith and hope—faith that war between the two coun- tries has become impossibic. hun for the establishment of peace, bv peaceful means, throughout th: world. In the statement was candid ree- ognition of the different roles which the two nations have elect- ed to play—the one outside and the other inside the League of Nations—but the picdge is given tha: each “will direct its thoughi« and influence toward securing and maintaining the peace of the world.” War between the Engiish-spesk-__ ing peoples is declared “unthink- able,” and on that assumption the historical problems in Angio-Amer- ican relations “have changed their meaning and character.” and. their solution. in ways satisfactory to both countries. has become possi- ble.” Further Negotiations. The announcement is made that these probleme will be the subject | of conversations between the two governments. in the manner of the successful conversations which have taken place regarding the navai armament problem. This can oniy mean that the historic problem of the “freedom of the seas’ —the probiem most calculated to inter- fere with a lasting naval agreement -——will be attacked in direct sego- tiations between the British Gov- ernment and Ambassador Dawes at London. It is again stated that the two nations are now 30 close tegether on the question of navai armaments “that the obstacles in previous con- ferences arising ovt of Angio- American disagreeinents seem pow substantially removed.” Agree om Parity of Fiecta. The reference here is particular- ly to the Geneva three-power nava! conference of 1927. which wre wrecked by differences between Great Britain and the United States on the cruiser question. The state- ment sets ogt explicitiy that “in view of the security afforded by ihe prace pact.” the two sations | agreeing to a parity of fleets, cate- gory vy category.” Strese is taid on a point which has been carefully emphasized by the Prime Minister tu previous statements. namely. that the Uni- ted states and Creat Britain are co F SRR é ea a ve ae ae , 4 & aed ga Saas Re Hr ee me a he a J eee PS RARE RIO OE IIE 4s uf ee Poe oe en tar " . ¥ : ie oe -, ay ; =. oe wee in? FRR uj t ee oa Prema |, ‘ eee boiNi ey aa ty: at ee ie Big Paik ee Me STM. 48 ate sit iw eh ae SS ice UM Bo att) i Soe aes ss Me My iy We Y 2 3 pee, beh Sis Mit