Show TIIE SALT LAKE TRIBUNE THURSDAY MORNING AUGUST JOIN DERBY THOENIX Arir Aug 24 VW— One thousand dollars in old bills were in a Phoenix bank today to be retired from circulation after having lain for nearly 35 years buried in a tin ran in the yard of a residence The money was the property of a veteran Globe Ariz miner who biirlrd It ilnd just recently of tired" about it bothering "got and decided to dig it up and put it in U S postal savings account The money was then cleared through a bnnk bore Many of the old bills were issued by banks in tenltonil days East West Fliers Meet for National- - Hare Cleveland Okla Aug a filUy d Many Years IN OKLAHOMA BARTLESVILLE few large banks and If exercised would affect the reserve system's influence on the general credit situation In it monthly review of bufiines-anfinanc lal Condition the board dec laied additional issues of national bank notes at this time would not lend to increase circulation but only substitute that variety for federal reserve currency It sounded a warning of what might be expected if national banks took full advantage of the new law "The ability of national banks to obtain Currency without resorting to the reserve banks will have an effect” the board said “not qnly on the volume of federal reserve cur- leney but also and more important ly on the position of the federal re erve banks and the influence of the federal reserve system on the general Hermit Gives LARGE BANKS Up Hoard of CONTROL FUNDS WINGS OF AIR 24 (T) — Chappy Lenox of New Haven Conn led the Washington air racer into Bartlesville tonight Paced by a native Oklahoman Roy miles of the plains Hunt over country the western wing of the air derby had rearhed this point of con vergence seveial houis before Hunt had added 525 points to his point to td in three grueling laps and taken the lead away from young Eldon Cessna of Wichita Kan airplane designer Easterner Lead Hunt’ point total was announced as 11140 points to 962 78 for Cessna who had held a slim lead until this morning in the dash from Los An geles to Cleveland With thirteen planes thrown far off their starting schedule by a hitch in refueling operations at Oklahoma City this afternoon confusion was injected into the western derhy Rare officials planned to meet tonight to decide what action should be taken There was a possibility the Okla homa hop might be disregarded and its 125 points split up five among the remaining laps This however would not change the relative standing of the leadeis since Hunt led Cessna at Oklahoma City 1065 to 91276 Race Close Most of the day It was a nip and tuck race among Hunt Cessna and Art Carnahan of Bloomington 111 who held to third place at the Bartlesville atop with 613 points Mis Oladys O'Donnell of Long Beach Cal one of those delayed at Okla homa City was believed In fourth place although her point score was unfigured tonight t The fliers changed leaders during the day officials announcing at Jackson Miss that first place had gone to Helen McCloskey of Pittsburgh following the dixquali ficatlon of J H Tuohy of Olean N Y for allegedly changing his propeller Join fores Merging tomorrow the two contingents are to race on to Cleveland site of the national air races following Lenox across the finish line from McAlester were J D Hayes Ponca City Okla and J D Crane New Haven Conn Davis Atlanta finished Doug fourth Harold Newman Moline 111 fifth R A Moore Dayton Ohio sixth P A Sturtevant Elmhurst 111 seventh Melville Robinson Ml Clemens Mich eighth C L Cla baugh Glenview ill ninth Arthur J Davis Lansing Mleh tenth and W F Cummings Donaldsonvitle Ga eleventh 500-ud- Federal Uenere Says Bib lion in CiirrencyInfhi ences Credit WASHINGTON Aug 24 (IP)— The federal leverve board said today the billion dollar currency expansion power given national banks under the Glaii Borah amendment to thei home loan law was held chiefly by'credit situation Two Bandits Slain In Bank Robbery LOS ANGELES Aug 24 W)— Fusillades of pistol shot which killed two bandits and perhaps fatally in juied a bank teller staited police today on search for other members of what they called one of the most dangerous robbery gangs In the city' history Thousands of persons gatheiing about a Bank of America branch saw two inert bodies on the pavemebt and in ambulance clanging away with Teller Harry R Read a bullet tn his spine and a promise of onlv a few hours of life from surgeons The dead outlaws both shot by Witsell Ord manager of the bank who had fired a pistol onlv a few 23 1932 — 7-Arlington Mass and D WinMon Salem N C Lombard Oklaliomnil INametl DrCarter Smith MiMullin Marsvillr only nommfe for d C t a a Only eglMis Anna C Los jr election to the geles was Head I'te of pi evident of the national 1 times In his life were two of a sizable band that failed In an attempt to rob the branch w One of the dead men was Henry II (1 i Younkers negro identified by police 7 1 IT C as the robber who last month shot rp O V U O $ ind killed W J Knkpatrick of Battle when Kirkpatruk a Creek Mich visitor heie with his wife for the MILWAUKEE Aug 24 Olympic games walked into a jewel- liam J Otjen Enid Okla will be ry store that was being robbed The the next commander in chief of the other man was Frank Alvardndo War Veterans His Mexican recently paroled from Fol- United Spanish was the only name placed in nominasom prison tion at today’s session of delegates to annual the thirty-fourtencamp CHOLERA EPIDEMIC RAGES ment HANKOW China Aug 24 ff)— The post of senior vice commandei Repoits from various districts of will go to William H Armstrong for Shensi (jiovtncc today said cholera mer mayor of Ramie Wis lus nom The is raging throughout the province ination also was unopposed with increasing intensity deaths to- names of three men were proposed taling 500 a day Scores of villages for junior vice commander George H Carr Portland Ore : Walter E have been wiped out it was said h Y it- An-- 1 nt- w The c4 men's nuxiliai held tomorrow LOS ANGELES Aug 24 W) — Pneumonia resulting fiom Influenza caused the death here today of Russell Henry Balluid president of the Southern California Edison Company Ltd and for a quarter of a century a national figuie in the industry (Continued from Pmtf One) urged to do" he emphasized would not have bad the necessary buying power to help us through what seems now to have been the last stages of the great depression" Whitney again drew a distinction which he said is now coming to be more generally understood between a “normal short sale made by a per son who believes that securities are overvalued and a bear raid which Is the sale of securities in a manner calculated to force a decline In prices” The senate Investigation he said nppaiently hRd been prompted by a leport that “foreign influences were conspiring to force the United States off the gold standard by a gigantu raid on the stock maiket” Presum east-wes- mm m XM low-win- TODAY’S i When a battle for more business than War of v inacUona- -a NVorUVV of A-tf- - aoIine woUi'fV otU'Vw’ 8I-6V- d °l rnont uv of A roaJ ln recJ "T'” 1921 "Th mort fact di Unit Superheterodyne! closed by tip Investigation have to with the patented Inclined do With the purchase and sale ot by otturr amt dutoi Sounding: Board and every ’"ru"Ucs who piesuuiHblv toed confidential in other orUnnne modern ini- d motion whuh thy hd enured about the affali of their companies provement own tor anted jjunot ot oU hangs in the balance when every amounted to dollars Today with raw material costs the lowest in history that difference is measured rrj’on c ofl'“ ftl difference when that difference in pennies That slight additional first cost brings you the exclusive advantages “Bargain” tires unsafe to drive over 25 miles an hour are expected to travel up to 60 and better They are of patented a menace on American highways tection— the comfort of 30 less air pressure— and the economy of —a s Today our factory is working full time Sales are going up Six months records show 176 more General Tires were sold than in the same Generals were always worth the Tire Built for 25 Miles an Hour Cannot Go 4050 or 60 With Safety bet w heel-it’front the Increase in Sales Proves that People Want the Safety of Generals manufacturer can say that? A on taugbt to teaf wheels 176 most merchandise— and your only penalty for buying is dissatisfaction Not so with tires Human safety 931 CauBotis for business by lowering quality period last year What other tire mwth‘ 31 General condemns such tires as a betrayal of the industry's clearly defined responsibility to the motoring public General has never bid clothing and furniture— in fact tire is made auto®Uc ““I" dents them showing the aggregate and piefeired 'hairs was $6211060 0X) and “not These checks apply SI 10 much $1406 060 000 as was slated to the " Furthermme h said cash on the New Philco Model the conirrn wai incorporated In Bal-no— t Take out quality to meet price in A 3cr of Z'n 'rhXt'flOrt' vlSS that marvelous directly affects public safety it’s time to speak frankly I- - Philco Word Boildint Con in 1029 one erf may redeem their checks for!lkri ithat on September 23 lull value at cur store value of tiie common Radio ifil MMIMM MARKET is flooded with tires deliberately built to sell as low as 393 and similar prices according to sire Built to sell— not to serve “Round and cheap” Put out with utter disregard for quality Price is the pattern The sacrifice of human life is the inevitable penalty - thiee-quarter- s markdown on the value of human life The General Tire truction-full nobreakerstrip cons- plies from bead to bead— bio wout'proof skid-saf- e pro- General’s famous big mileage & Rubber Company - Akron Oiuo - ' Bring your CHECK 11 ngnt away their le stated peisonal advantage" "1 he exchange of rotirse no control of corporate officers tt is unitllptably opposed to the m u of cot futentml Information bv mu point nttuInU" The exchange h laid hid taken the lead In Infill rm j eoi Miration lojurnbh full public tty on their earning and assets has ta but Exclusive Distributors for The General Tire 11 to thnr t(M kholdeis ormiix httoMts iatiiiii A boy was bran to Mrs S F Gil hrlst wife of S F Gili hnst clh b&r'erod 'gid at the Holy C'roM ho pitil W ednesil ty at 1125 a m 309-31- 5 East 3rd South O E L BUTLER TIRE CO O bf Power Company Official Succumbs to Influenza WHITNEY DEFENDS STOCK EXCHANGE ably this was to be financed with re sources aggregating $1000000000 and was to strike at the stock market as of last April 8 Nothing he said was bi ought forward to substantiate the rumor Raid Charges Disproved “The senate committee with Its sweeping power of investigation and with its right which was freely ex erased to subpoena persons who bad short interests and to question them not only as to their motives but also as to what arrangements they had with other short sellers investigated bear raiding to the very fullest The result furnished conclusive proof that the stock market was not depressed bv deliberate bear raids On the subject of pools and pool manipulation he said a list of market prices furnished to the committee on one pool stock varied as much as five points from the prties which actually prevailed In the market This stock was Radio corporation in which the pool was said to have made a profit of nearly $5600 000 The tabulation of figures furnished to the senate committee on this particular stock were from March 4 to and Including March 23 1929 Says Price Stayed lip "It was unfortunate that the tabulation of prices furnished the senate eommittee stopped on March 23" said Whitney "because the committee was left with the Impression that the pool aetlvitle had Increased the price of Radio from below 80 up to 109 and a fraction and that the price had then dropped back to around 87 LOS ANGELES Aug 24 (JP)— Ros U counsel for the committee had gone coe Turner brought his new racing on with the list of prices he would on monoplane here today ar- have shown that the high price the closing of the riving from Fort Worth Texas at March 25 91after 1 2 on March 28 95 on 1 52 p m prepared to p'-t- u ipate In pool was and on March 28 the speed race Saturday to Cleve- March 27 100 100 or within of land of the highest puce reached at Cruslng at 7000 to 9000 feet' Turner point Radio time during the pool” did not open the throttle more than any “The real facts are” the exchang a third he said owing to the motor Insisted official after "that the pool being new and averaged 185 miles an hour He said that In tirtts the ceased operation the price of Radio went almost Immediately to 109 It ship was credited at Paterson La u thereupon sold at 100 or more on 1H kmu Bv nt Perlrldln d8v dunn th8 month of hour In the race he said he expects to April on ten days during the month on one ay durln the monlh stop at a point near Pueblo Colo of Mnyi August and on 18 days during the and again near Teorla 111 for re month of September fueling Whitney cited the pool operations A broken brake wire made It necin General Asphalt stock and Anaessary for Turner to land at El Taso conda Copper and Los Angeles without brakes but senate record does not show he found little difficulty desprte the“The loss suffered by this pool” he the landing speed of eighty five miles continued referring to the General and hour Asphalt venture “but our account ants report that down to May 1931 the pool lost $4504060 " Cite Lota In Anaconda If they held their stock after that date be said their loss was still While he observed that one greater pool In Anaconda made a profit of $1 225000 he likewise noted that a inter pool In the same stock lost more 391000 than $8 Even If we deduct the profit made by the first pool the lass on the two transactions Is substantially larger than the profit mad In the Radii pool" he atated Whitney said the senate commit tee’s counsel appeared to believe "that a specialist had full know ledge of all the buying and selling orders In a particular stock and therefore waj in a position to trade for his own advantage with perfect safety' that “this of course ta not adding true " He assailed the accuracy of figures used by feenator Brookhart who asked what possible reason there might be for the great appreciation in value of shares in the United Cor Senator Brookhart Whit puration ney said had pointed out that the company when oiganlred In 1921 had a value of $105 000000 while in 1029 the market value of the securi had equaled ihcs of this Winners or the Merchandise $1400000000corporation Present Hure Credit Checks in the recent ion will Telephone )l 'us 6966-1003- 7 |