St. Louis Post-Dispatch
June 11, 1930

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Page 1

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NEW YORK, June 11.—Hang- wer liquidation attracted by yes- rdav's violent rally inspired a new slaught in today’s stock market. which sent prices into the nost precipitous decline experi- enced since December. Bears were iriven to cover in the final few minutes of trading, however, caus- t rebound substantially mducing the extent of the decline. ses of 2 to 20 points were fairly gneral at the close, nevertheless, and a long list of issues broke through to new lows for 1930. steel Production Lower. he weekly steel trade reviews mid that the trend of production til downward, but reported ‘hat better stability in prices. said production for the country at large was now 69 per ent of capacity, against 72 per ent a week ago. This tended to t influences of the some- hat more faverable than expected eci tonnage report yesterday. Iron idjed, however, that leaders iustry look for a gradual business to appear the next 30 to 60° days, and | production at between per cent. ‘t is now giving closer ‘tention to developments in Wash- ogton than usual. The tariff bill mea chief topic of board ersation, and there is a feeling that any devisive he bill, finally disposing (Copyright, 1930.) W FOUND A CITTLE ANOY {f OIDN'T KNoW *" WANT. THE MAGN ‘FYING MAKE iT LOOK BIGGER x An A Ace = né¢ ‘Ya. Stree iid be a bullish develop- rate news contained several 1 reductions or omissions, ng Celotex, which passed the — . ’ ts quarterly payment. eZ ) Ses opments affected senti- a : ant ad y, and bearish ru- “HAT S WHAT wre many of them branded as IM AFRAID : ee. “uous in responsible quarters, ‘Te feard. One of the more favor- ts Peas Sd - hs | | = Z 5 Was an announcement : Se a a *¥ ‘Yestern Union managem -nt » °4t 5 points. Worthing- vas off 12 at the close. ‘? a - 7) ® Pt Stine # — Prices with other tables arket news will be found TOMORROW WILL BE FAIR AND WARMER = — f north and ; cen- morrow generally fair and warmer. Illinois: Mostly cloudy, probably showers in north and central -por- tions tonight and tomorrow; some- what warmer in southwest por- tion tomorrow. Sunset, 7:26; sunrise (tomorrow) 4:34. MACNIDER’S NOMINATION REPORTED WITHOUT 0 K By the Associated 1 WASHINGTON, June 11.—The nomination of Hanford Mac Nider of Iowa, as Minister to Canada, was ‘reported to the Senate without rec- ommendation today by the Senate Poreign Relations Committee, after Senator Brookhart (Rep.) Iowa, objected to the nemination as per- sonally offensive to him. Brookhart and Mac Nider are both Republicans but bitter politi- cal foes. Each supported Presi- dent Hoover in the 1928 campaign. Senator Steck (Dem.), Iowa, is ex- pected to emroll in the Ma: Nider cause. The committee took the posi- tion that it would leave Breook- hart’s “personally offensive” ob- jection up to the Senate. Mac- Nider is a former Assistant Secre- tary of War and past commander of the American Legion. REGULAR WISCONSIN 6. 0. P. FAVORS DRY LAW REFERENDUM Adopts Platform Which Does Not Indorse National Republican Regime By the Associated Press. OSHKOSH, Wis., June 11.—A flatform which does not contain the usual plank indorsing both the National Republican administra- tion and the President and which proposes that Congress authorize a national prohibition referendum was adopted unanimously today by the Conservative Republican group in Wisconsin. The convention of the so-called administration group also unani- mously indorsed Goy. Walter Jd. Kohler as candidate for re-election. The platform contained a de- mand for legisiation to curtail and regulate the activities of chain store organization. The rival La Follette Progressive Republican group has put forth the chain store question as a chief issue. Wisconsin last year voted the re- peal of its State enforcement act.” “GIVE HIM THE BOOT” CENSUS TAKERS REPLY TO COMPLAINTS “Give him the boot,” is ‘he title of a statement issued by census enumerators today dealing with St. Louisans who boast that they were overlooked in the 1930 census. “The city has been covered with a fine-tooth comb by efficient and untiring enumerators,”’ declares the rert, chief clerk in Census Super- visor Kersting’s office. “Where persons were absent from home blanks were left, return — ealls made. and every effort made through the press and other means to obtain .every name, Anyone who, in the face of all this effort, 0 that he was missed, we say, ‘give him the boot.’” : Both Kersting and Philip Has- sall, the other cerisus supervisor in this district, ask any person not counted to send his name and ad- dress to room 400 Customs , House. ee ee ee Sill alll al See the Used Car Dealers’ offers today . ° e —_ & Pages 100, 11C, 12C and 13C, | = = Se OS OT Oe Oe Uc Oe eC ee SO ee eee eee eel PO OO ee OTe OT eer Ter ULh wr lL ll ee eT eee ee ae Oe eu ' PE Ae EI ys em NEL IMRNE Res CE REE Sage RIO ee gt RD Mang ON OR NEG RY OR ha eg mae nae me Le ee oe ee gs a dea tc BE 2 a. Mw cceecs 30 @ Misrccivs 58 3 & Bi. uccee O84 *eeeee BY 4 a M.ccccee OG 12° noon 2-222: 82 & Bie Dice va cod 38... i Pe Mivcceeecs- OO Mh as ot on > Oat er egos ab 4 a -m. g Yhis medicine.” | SMe = shale, ~ “ahet ee ‘ Sey. tne ER RA WE a Ss a ‘e ‘sia sds: is S apes $ an : Taw S a ee eae is t* y eee * +Black, governor of the Federal Re- famt Cashier H. Grady Smith said FOURBANKS CLOSE IN MAMI HEAVY RUNS ON OTHERS Bay of Biscayne, Oldest De- pository in City, Fails to Open Forcing Affiliated Group Shut. » : "ST. LOUIS, WEDNESDAY, JUNE 11, 1930.—40 PAGES. ——== | SHOWERS TONIGHT; | a hale NEWSPAPER PAGE SENT BY RADIO $2,000,000 INCASH SENT BY AIRPLANE, Reserve Governor Says $4,- 000,000 More Is Being Totals Announced. By the Associated Press. MIAMI, Fia., June 11. — The Bank of Bay Biscayne, with de- posits of $15,037,198, as of March 27 statement, and three affiliated” depositoories, failed to open for business today. A statement by directors of the bank attributed the closing to “recent substantia: withdrawals.” The affiliated banks were the Biscayne Trust Co., the Miami Beach Bank & Trust Co., and the Bank of Coral Gables. The Bank of Bay Biscayne in its quarterly statement showed de- posits of $15,037,198 and total re- sources of $17,182,292. J. H. Gil- man is president of the bank. The Bank of Bay Biscayne is Miami’s oldest bank. It has one of the finest buildings in the city, a $400,- 000 structure. Resources of Other Banks. The Biscayne Trust Co. had $1,- 520,040 deposits and $1,962,148 re- scurces. The Miami Beach Bank & Trust, Co. had deposits.of $2.349,- $43 and resources of $2,539,281. The Bank of Coral Gables, the third of the affiliated institutions, had deposits of $606,598 and re- sources of $743,759. E. C. Romfh, president of the First National Bank, said that $2,- 000,000 left Jackaonville by air- plane today from the Federal Re- serve depositcry there. He said the First National Bank and its subsidiaries has money on hand to pay all depositors, if necessary. Depositors were orderly as they made withdrawals during the morning from other banks of the city and suburbs. Withdrawals from other banks here up to the closing time were made in orderly fashion. Bank of- ficials said, and available funds were not exhausted. $2,000,000 by Plane. E. C. Romfh, president of the First National Bank, said Laurie Yonce, Jacksonville pilot, had land- ed here shortly after 2 p. m. with $2,000,000 in cash which he brought from the Federal depository in Jacksonville. Hugh H. Gordon Jr., president of the City National Bank, said that approximately $350,000 had~ been | withdrawn from his bank up to 2 Pp. m. and that the doors of the de- pository would be kept open as long as depositors remained. Romfh said approximately $500,- 900 had been withdrawn from the First National Bank today. A telegram signed by E. R. serve District in Atlanta, was post- ed in the window of the Third National Bank which shid $6,000,- 000 was en route to Miami banks. 10,000 Depositors Affected. Approximately 10,009 depositors in Miami, Miami Beach and Coral Gables were affected by the bank closings. President Gilman of the Bank of Bay Biscayne said: “At a meeting of the. directors this morning, after consultation with the State Com p- troller, it was decided not to open this bank and its-affiliated institu. tions, the Biscayne Trust Co., Mi- ami Beach Bank & Trust Co. and the Bank.of Coral Gables,,in order to protect all of our depositors to the fullest extent. “This decision was made after due consideration and was due to recent substantial withdrawals.” Arthur W. Saarinen, bank exam- iner, has charge of the bank. The bank’s resources include loans and discounts amounting to $7,478,458 and securities and commercial pa- a bonds valued at $5,368,- HOMESTEAD, Fia., June 11.— The Bank of Homestead closed its doors this morning today after opening for.a short time. Assist- the bank was in good condition and that suspension of business was but temporary, to avoid a run On account of bank failures today in Miami. He said the bank ex- pects to open in a few days. trict of the Federal Reserve Bank, said today that $6,000.00 was being Black, Governor of the Atlanta dis- | | New. York Evening World Makes Successful Transmis- sion Over 2310 Miles. Special to the Post-Dispatch. NEW YORK, June 11.—For the first e a newspaper page was sent out by radio yesterday and picked up intact by a steamer at a ; The experiment was successfully concluded when the first page of The Evening World was sent to the United States liner America, at the moment 2310 miles from New York. The page was trans- mitted by the Radio Corporation of America’s new polar radio ap- paratus. ' Joseph Sheedy, executive vice president of the United States Lines, in his office received the news that the passengers aboard the America, including a delega- tion of Gold Star mothers, had been in the smoking room while a mysterious cylinder, with purple ink, spun out intact the newspaper page that had appeared on the sidewalks of New York. Pictures and type, he learned, were repro- duced as clearly as in the city, while the stem of the America was nearing its port of call, Plymouth, England. ALBERT T. PATRICK SEEKS RIGHT TO PRACTICE IN U. S$. COURTS Man Saved From Electric Chair and Later Pardoned Examines KRec- ords in Governor’s Office. Special to the Post-Dispatch. ALBANY, N. Y¥., June 11.—Al- bert T. Patrick, who successfully waged a 12-year fight for life and freedom from behind prison bars following his conviction of the mur- der of William Marsh Rice, million- aire, nearly 30 years ago, passed most of yesterday in Gov. Roose- velt’s office examining records of his own case, which he expects to use in a new legal attempt to ob- tain the right to practice law in the + United States courts. The man; who was granted oa pardon Nov. 27, 1912, by -former Gov. John A. Dix, copied notes from the records in the very room in which the necessary papers were prepared late in the afternoon of Dec. 20, 1906, which saved him from paying the death penalty. It Was a commutation of sentence granted him by former Gov. Frank Higgins on the afternoon of the day get for his execution. Patrick was married in Tombs prison in New York to Miss Addie M. Francis March 31, 1902, five days after a jury in General Ses-. sions Court, New York City, had found him guilty. MISSOURI GETS FIRST GENERAL ~ RAIN IN NEARLY A MONTH The first general rain for almost a month feH in Missouri today, bringing relief to parched crops and drying lawns. : Starting at 2 a. m., the precipi- tation in St. Louis had reached .73 of an inch by 10 o’clock. The last heavy rainfall recorded at the Weather Bureau was May i17, when .97 of an inch fell. Showers were predicted for tonight and fair. weather with a rising temperature tomorrow. The rain was general in sourt, Kansas, Western Texas, New Mexico, Oklahoma and Western Arkansas. Moderately heavy rain fell in central and western Mis- souri, while the fall in the eastern portions was lighter. The bank was closed today by order of the board of * Comtinned on Page 3, 4 TO SHIP AT SEA CHICAGO REPOR Strict Secrecy Guards In- vestigation of Killing of Alfred J. Lingle of the ‘Tribune Staff. INQUEST IS BEGUN, 3 WITNESSES HEARD | One Man Describes Assas- sin — Suspect Tentative- ly Identified Negotiates to Surrender. | By the Associated Press. CHICAGO, June 11.—Rewards totaling $55,000 have been offered for the man who murdered Alfred J. Lingle. The Chicago Tribune, for whom he worked as a report- er, was first, offering $25,000 for information leading to the arrest and conviction of the killer. The Tribune’s morning competitor, the Herald and Examiner, added an- other $25,000 and the Evening Post $5000. The murder Monday afternoon in the Illinois Central subway at Randolph street has aroused con- tion. The murder, Coroner Her- man N. Bundesen pointed out, de- mands solution because it is the first in which gangland has dared to shoot down a respected citizen. The Coroner, State’s Attor- ney, Police Commissioner, detec- tive chiefs and privaté law en- forcement bodies sent out their picked men to uncover and track down the assassin. Police have rounded up more than 20 criminals in their search for Lirgie’s assailant. The Evening Post professed to have learned that a killer brought from the East was Lingle’s assas- sin, that a prominent gang leader, at odds with the newspaperman, hired the killers. Only another the- ory, likely enougM® but unproved. The hunt for the killer, proceed- ing from/ the State’s Attorney of- fice, police headquarters, the Coro- ner’s office and independent agen- cies,-is being pushed. Results are ‘being kept secret. Clews are be- ing guarded so no word of prog- ress will get to the killer. The inquest was adjourned yes- terday after three witnesses had been heard. Coroner Bundesen said he had. important information which he did not want made pu lic at this time. : Police .Commissioner ‘William Russell, a friend of Lingle’s for many years, does not hold with the theory that the murder was 4 gangland defi to press and pub- tlic. Both he and his chief of de- tectives, John Stege, are conduct- ing their investigation on the the- ory that a personal grudge not connected. with gang.activities mo- tivated the murder. They do-not believe that Lingle was assassinat- ed. for “knowing too. much” about Chicago gang plots and plotters. The resources Of the - “Secret Six” Conimittee, organized some time ago to drive organized crime from Chicago; have been pledged to the murder inquiry sy Col. a pres ° i if F i ; : =] 3s ef i certed public and official indigna* | ae —Associated Press Photo. SAM HUNT, 3,609,000 OUT OF WORK IN MAY, A. F. OF L. HEAD SAYS William Green Advises House Com- ‘mittee to Pass Some Form of Relicf. ' By the Associated Press. | WASHINGTON, June 11. — As- serting that hundreds of thousands of men were out of work and “‘mut- tering,” William Green, president of the American Federation of La- bor, told the House Judiciary Com- mittee today it would be “incon- celvable that Congress should ad- journ without announciag some measures for the relief or this situ- ation.” 5 The committee began considera- tion of two Wagner bills passed by the Senate for establishment of a national employmént system and for’ advance planning and regula- tion of public works. The labor ch supported both bills. e situation became serious a year ago, and now is a cornstan. menace,” Green said. ‘Unemployment ‘still remains at as high a level as last January——20 per cent—only 2 per cent less than the peak,” Green said. “Progress in employment is highly unsatisfa<- wage earners were out of employ- ment in the month of May.” . = — a s . - - a % _ n * s = ” ’ = ye? ho _ * New York Expedidon Makes Test ‘at Berniuda; Previous - TP idakine oil tanker, j SEA, OTHERS DIE IN BERTHS accounted for and 19 Men on Oil Boat Are Thought to Be Lost. WILDEST CONFUSION AFTER CRASH IN FOG Flames, Which Sweep Both Vessels, Melt Radio An- tennae and Delays Send- ing S O S—Rescue Ship, However, Reaches Scene. By the Associated Press. BOSTON, June 11.—Flaming oil, spurting from the depths of a reported to have been the Pinthis of Fall River, claimed the lives of 45 persons aboard tliat ship and the in Massachusetts Bay last night in a dense fog. Thirty-six pas- eengers on the Fairfax were in- jured. So suddenly did the tragedy occur that not a single person on the tanker is thought to have escaped the flames. Ten of the Fairfax’s passengers. and crew are unaccounted for, while the Pinthis carried a crew of 19. Perish in Flaming Oil. Aboard the big passenger liner scenes of wildest confusion fol- lowed the shock of the crash. Men and women, thinking the ship doomed, hurled themselves into flaming oil which poured from the tankér in all directions. Others were burned in their berths. by the white heat of the fire which scorched the port side of the ship. One passenger, & woman, died of bufns on the way to port today. The flames, which swept both craft, melted their radio antennae The Fairfax, a Merchants and Miners’ Transportation Co. ship, bound out.of Boston for Norfolk, Va., with a passenger let of 71 a " oy 3 eK ety —_ oe ed * 25 of Passengers and Crew. Aboard the’ Fairfax Un- passenger liner Fairfax, outbound from Boston, when they collided the sea only to perish amidst the. before watchmen aboard the steam- ship could do little more than shout | a warning. the tanker, loaded with oil, burst of the sea and of the FPuirfax. — i * and a crew of 70, drove its bow | into the port side of the tanker | oe cee oo a -_ - 9 me * oak «ie wen 4n , < S75 so Pon SN AP ae es ee any Ree BIR NR Rea”, OR We. eRe? Sa alg FOS che pf Us Sere aa MANY LEAP INTO BLAZING. aris cites ys Pall es & 2 ss a a Meee We ey pide Te le A te PCH? SaaS EP ee es SSP