Show LEATHER FORECAST Fair Saturday Sunday N EVADA— Unsettled Saturday Sunday WYOMINO — Generally fair Saturday Sunday LOCAL METAL PRICES" Gold (newly mined) $340 Silver (newly mined) mho Silver Copper Lead 100c Zinc 450 Local Weekly Settlement prloey OTAH— IDAHO 44o ffJ Lead VOL 128 NO Entered at the Poetofflce at Salt Lake City u Seeond-ClaMatter 91 SALT LAKE CITY UTAH SATURDAY Jells ofCrash BARES BANK CRASH DATA White House Ordered Lenient Inspections Examiner 1934 32 ' 7000 Copper PAGES—FIVE CENTS PO MY rm LINDYFAE Morgenthau Announces Expected Monetary TAX QUIZ of Utahn Appointment Moves With Secrecy MAIL PROBE As Assistant Power President i a Herbert Hoover Jr Among Those Be- Brown Banker to Sever Local Connections Before Taking Job’ ' By FRANCIS M STEPHENSON ing Checked Associated Press Staff Writer WASHINGTON Jan 12— President Roosevelt asserted his right to take over the gold of the federal reserve system today- but smil- SCAN INCOME RETURNS ingly waved aside questions asking whether he would do this or make any other immediate move in his monetary program The president let the wave ot spec-Former Postmaster to Be ulation over his managed currency FfCCF Silv CT Called to Testify Be- effort which was revived by yestertake conferences financial day’s fore Senate Body own course and maintained his usual guarded secrecy over this complex Testifies ‘ - Auto Magnate Vexed Father Refused Help Requested by Hoover Aides RooseveltShrouds to Take Asserts He Has Over Gold in Federal Reserve System New Program Considered for Silver a 13 to :b EDSELFORD MORNING JANUARY 4000 Drafted for Service Administration Passes Up Eastern Finance' Leaders in Choice Use Studied By President Son Declares problem It is believed he will call in the $3600000000 in gold held by the fedBr Chicago Tribune Service eral reserve banks before he fixes Jan 12— WASHINGTON the devaluated price of the dollar to Freer use of silver as a base insure the treasury obtaining the for currency issues with the Edsel Ford benefit! of the increased value of the possibility of a bimetallic base is one of the proposals that gold New Move Expected have been considered at White House conferences It is also believed he has some new Other propositions considered monetary steps in contemplation were an open domestic market action on silver but necesfor silver and the substitution sarily he is saying nothing in advance ot some agency other than’ the about it to assure the success of the RF C to continue purchases move when made of silver for the purpose of conHe described yesterday’s talks with in the trolling fluctuations Secretary Morgenthau Attorney Gendollar eral Cummings and Governor Black of the federal reserve board as a continuation of the usual conversa- protest against the Roosevelt monetions checking up on the progress of tary policy the new monetary policy There is no doubt that the presiVeniremen Locked Up The White House evinced’ no par- dent intends to keep his own grip on to in the ticular interest hearings Week-En- d monetary program and make his Testimony begin Monday before the house coin- his own moves in the announced effort age committee where the advocates to obtain higher commodity prices and to Begin Monday of various money policies willbe a- more stable medium of exchange heard Thus he said he felt he has the auto testify who Those have agreed thority from congress already to take By Associated Press include Irving Fisher Yale professor over the gold in the federal reserve CHICAGO Jan' 21- -A jury of Father Coughlin of Detroit' Paul system at well as all other gold Atcraftsmen and clerks salesmen and Warburg erltio' of the administratorney General Cummings had earlier C W A workers was selected today to tion’s money policy Frank A given him an opinion on this point York New and economist p decide whether Dr Alice L Wyne-kooThere is still some speculation O MW Sprague who recent-- killed 'her daughter-in-la(Continued on Pas Two) In as a adviser treasury ly resigned (Column 81x Rheta and if so what the penalty ' By Associated Press WASHINGTON Jan By HARRY J BROWN the senate committee investigating Tribune Correspondent airmail contracts disclosed tonight offico WASHINGTON Jan 12--Tho they were checking the Income tax man and found him the the sought LindColonel A Charles of reports office assistant to the aecretary of bergh former Postmaster General the treasury of the United States the Walter F Brown and Herbert Hoo-J- r man Marrlner S Eccles Ogden bank who were among the approxier head of the First Securities banks 200 to fill out asked mately persona This appointment announced today committee questionnaires Secretary Morgenthau was made ' by in answer Investigators explained' merit irrespective of politics it on questions by newspaper men that ’ to a man who sought nothing went mere fact that the income tax wanted nothing but was drafted for investigations were being made did the public service “because be knows not necessarily signify any further banking" action No politician need claim credit for The committee it was said has been no politician brought about the appointment nor is there politic in the checking the returns from all appointment A good banker a sue against income tax reports cessful banker a farseeing banker to which it has had full access was prevailed upon to make a sacri If was indicated tonight that of the nation: a (ice in Republican bahker has stepped into General Brown would be the second highest office in the treacalled some time after next week to under a Democratic administrasury testify regarding bis part in the aption and will be chief adviser to the head of the treasury on problems ot portionment of mall contracts In 1930 and the alleged burning of hiS official banking and finance and second and personal records financial adviser to the president of - -- r—r (he United States 7 May Call Lindbergh ‘ ‘ ef Finance Problem - When Senator Black chairman of tions” was asked whether the committee “What do you mean by the high should be' Nothing1 baa given the Roosevelt administration more concern than the The jurorri immediately were locked Colonel Lindbergh and Herbert Hoocommand?" asked Couzens Great strides ver Jr would be subpoenaed he re“I mean the White House and the up for the week-enproblem of finances Dr Wynekoop have been made since the bank holiplied that anyone would be called secretary of the treasury" the ex- frail and heavily burdened by her 62 whose testimony was considered of “Of course 1 don’t aminer answered day of last March sound bank and those that could reasonably be made value mean the present president or secre- years Was carried back to the county solvent have been reopened due prin f Jail Infirmary to wait until Monday Investigators said the former posttary” master general’s income returns had clpally to the direction of another In the period discussed Andrew W before again facing the 12 men who Utah banker E G Bennett of Ogden’ been looked into about two weeks Mellon and Ogden Mills occupied the have ECCLES thepower to forfeit her life Most of the banks that cared for proago but that the' request had just treasury post InWorld Stabilization The jury had been completed in a Leader Threatens Demam tection under the federal deposit inbeen made forinvestigation of LindThe Union Guardian Trust comsurance act have been brought under bergh’s sinee'ne only recently subpany of Detroit a member of the day and a half of court and attorneys the wing of Uncle Sam But the bank- dustry to Be Sought mitted full data to the committee Investigation of Guardian group is in such a shape predicted there would be two weeks commitThose connected with the ing problem has not been fully solved’ climaxed of the to a Houdini” appearwould “take that it by open testimony at Conference tee said they did not recall when inExpenditures banking has not been rendered as ance of the gaunt shrewd defendant it Leyburn said sound as the president hopes to leave ‘But he’s dead” said Ferdinand herself on the witness stand quiry was made into the returns of it many practical problems of bankthe son of the former president but WASHINGTON Jan 12 (UP)-T- he WASHINGTON Jan 12 UP)— A dePecora committee counsel Hopes for Brief Trial ing are yet to be worked out banking house floor for an in- United States will participate in an that all returning questionnaires had “So is the bank” said Leyburn “Oh I hope not I’m so tired and mand on the laws must be further modified been submitted for tax investigation civil and public works international Testifies to Cash Advance conference be to ill” Dr Wynekoop called “Mother’ vestigation of was sugar In working out those problems the threatened today Probe Widens Ford testified that the Ford Motor by all who know her in the court said expenditures president wanted the best advice he Gifford (R called shortly in an effort to stabilize by obRepresentative information detailed Out of the case informed last when the might could get More than all else banks company advanced $3500000 to the sugar industry of the world it was tained Mass) after Chairman Cochran re- the by exhaustive questionnaires Detroit Guardian group in December until the end of the month have been (low in putting their fused to call a meetitng of the ex- indicated in official circles tonight ' to Individuals sent and a defense adcorporations That the 1932 He personally advanced an planned surprise penditures committee to Consider a An invitation to such a conference money into circulation credit has is basis for erected invading being of the was near end the trial to of the alow been revival was at state ditional $1000000 in cash and $5000-00- 0 coup received revive the department request for the inquiry fields of inquiry only touched upon business has correspondingly lagged in securities He is a director of predicted as attorneys and members Gifford’s stsKf ment brought a heat- several days ago and American par- heretofore including the interrelaBy Associated Press How to get the banks functioning northe group and president of his father’s of the family maintained an enigmatic ed retort from Cochran that: ticipation has been discussed by Presi- tion of comof 12— tax the whereabouts airplane manufacturing The new liquor WASHINGTON Jan law completed its mally 10 they may do their part company in which he said all stock silence about us some facts on dent Roosevelt with Acting Secretary panies and he When gives lines mail contract slain business and trade is the is owned by Henry Ford Mrs Henry Earle widower of the which to make an investigation he’ll of State Phillips Secretary of AgriIt was brought out Wednesday that first day of operation with an inpouring of revenue that was esti- problem yet to be solved Rheta culture Wallace and other officials Ford and himself partly by have one” of of at mated $645000 received worth $250000 upward Lindbergh It was hinted Earle might be The Massachusetts administration of the administration On February 13 Edsel Ford testipartly under new representative TransAir stock Transcontinental in revenue of The bureau internal The purpose of the proposed contonight announced that distilled legislation fied Henry Ford heard that Detroit brought into the courtroom and placed ranking Republican member of the port one of the three big concerns Passed Over East banking officials planned to close the on the witness stand by the defense expenditures committee announced ference would be to bring the United getting transcontinental mail con- spirits and wine revenues for December aside from those from j Union Guardian Trust company but to be followed immediately by his recently he would ask the committee States and Grest Britain within the tracts in addition to his $10000 an- Nevada and Hawaii totaled $1147677056 under the old tax of $110 Secretary of the Treasury Morgen- -' mother National an of limitation international affiliated First the to thau scope the directed find permit to summon heads of emergency re by president nual salary as technical adviser a gallon on whisky and fortified wines’ the “right kind of a banker" to advise ' bank to remain open His father felt Defense Attorney W W Smith said covery organizations to “give a full plan similar to the Chadbourne agreeBefore Brown Is called to tell of him passed up the heads of tho great that the two banks should betreated Dr Wynekoop would testify As explanation of these extraordinary ment to which 14 nations are parties his part in the apportioning of airmail The new tax law the first piece much “had been 'indicated when in banks ot New York and Chicago he alike he explained contracts and the alleged burning of of legislation of the present congresexpenditures” of the civil works ad — who-una typical banker-on- e “If one bank was to close he want- qualification 'of the jurors the de- ministration sought late last sional night records session signed official the his and personal derstands the problems of the small ed both to be closed" the witness fense did not ask Judge Joseph B twice he the boosted said Roosevelt he Since then to President further committee today expects by present David to caution the veniremen that and medium-size- d banks and had demexplained asked Chairman Cochran to call a testimony to round out its thesis that impost to $2 causing officials to calonstrated in times of stress his abilArthur A Ballantine then assist- they must' not betoinfluenced if the meeting of the committee but was s culate for revenues of allocation airmail that existing January testify ant secretary of the treasury “urged defendant failed ity to carry bjs own banks safely over refused He said he was determined Roosevelt Picks General Winshlp to was arranged by the big opera- would mount to at least $20000000 the shoals on Silent on Earle’s Whereabouts to press for the inquiry ‘“in view of energetically" at a conference Replace Gore In Pnerto Rico tors with Brown and that many pio- making the daily income around There were "masters of finance" As to the whereabouts' of Earle the widespread criticism from all WASHINGTON Jan 12 W-T- he February 13 that the Ford company neer independents were left out normal conditions under $645000 aplenty but so many of that typo agree to subordinate its deposits in Walker Wynekoop the doctor’s ether quarters against the civil works and on the based was This Blanassumption of have fallen into disrepute The occathe Union Guardian Trust company son replied “Wouldn’t you like to other emergency administrations” appointment Sister Seeks of a continuance of the same rate Winship retired of Macon Ga sion called for a different type ot and advance $5000000 for a most- know” when asked if the defense was Cochran replied that Gifford “is ton of consumption as governor of Puerto Rico today was banker one who handled fewer milnot going to get a show at my ex- President (Continued on Pm Two) keeping him hidden California to Governorship Joint relaxation of Import restricanswer Roosevelt’s lions but bandied them fairly and (Column Five) He said "maybe” when asked If pense” and continued: ' tions for 30 days by the treasury honestly one who had the confi- - ' Earle would testify and added that “When Gifford asked for a hear- Porto Rican protests against GovLOS ANGELES Jan 12 UP)— Mrs agriculture and alcohol control addence rather than the contempt of he understood several police squads ing I asked what facts he had to ernor Robert H Gore 12 W— Showers his depositors Shortridge Foltz sister of for- ministrations this week for the pur- HONOLULU Jan one to whom tha were hunting for the young widower show fraud any place ' He said he The protests charged lack of sym- Clara or background mer United States Senator Samuel pose of lowering prices and battling of praise including a congratulatory problem of the country bank tho ' supposedly at the behest of the prose- had none When he puts his cards on pathy understanding Shortridge today announced herself the bootlegger would tend to make message from President Roosevelt town bank the average city bank cution Assistant State’s Attorney the table —gives us some facts on for that post -candidate for the Republican nomi- the income even higher and who had ideas was no Bj Annotated Pres Charles Dougherty said however that which to make an investigation he’ll The president accepted Governor In here ' upon flight for their mystery Gore’s resignation almost exactly nation for governor She stated howUnder the new law wine taxes poured No 10 oftoday DOMESTIC improvement the state did not Want Earle have one” American the ’ navy ' five months after protests against ever she would run as an indepen- were set at 10 20 and 40 cents a gal- squadron for its precision flight over 2400 miles Secretary Morgenthau did" not Washington — Roosevelt considhis regime first were heard and im- dent woman’s candidate if ‘she did lon according to alcoholic content of the Pacific from San Francisco to search alone He called upon Secreers he has authority to take over not get the nomination tary of Agriculture Wallace and hia The old schedule called for imposts Honolulu mediately thereafter announced the “As a gold held by federal reserve lifelong Republican and assistant Mr Tugwell to help him 4 10 and 25 cents a gallon of ofof General who and a appointment Refreshed Winship long sleep witness by Washington— Senate find the man and it was they who daughter of a member of the convencontrol alcohol administration 35 The had has base with on the with perair years’ experience duty ficially tion that nominated Abraham Linsays White House order last winin- sonnel of the fleet the 30 men who first suggested Marriner Eccles They will ask members of the the government's insular problems coln” said Mrs Foltz “I am ter kept treasury from acting on weary of dustries to furnish data liquor (Continued on Paso Five) out the longest overseas mass carried concerning ' Column Ont) reports of bad Detroit banking Republican party’s refusing to costs and receipts shortly in an efin aviation history arriving Die Ten flight as I Rains women If Its in councils advance — in selected trial Heavy Chicago Jury Admin here yesterday were reported in good am not nominatgd by the party I fort to prevent profiteering SAN PEDRO Cal Jan 12 UP) — in Washington that the labels on of Dr Alice Wynekoop for operistrator Joseph H Choate Jr said health and equally good spirits Guiana British as woman’s will run Deluge the ot daughter-in-laindependent N R A table blue slaying ating eagle labels sent here the 100 cases were affixed by the imThe message of President Roosecandidate just to make politics easier the administration would begin with from Chicago and affixed to 100 ca&s porter Harry Halfhill Long Beach distillers and go through the rest velt addressed to Lieutenant Comthe GEORGETOWN for women” Guiana British Washington— January revenue of canned tuna fish imported from at the request of a Chicago firm Jan 12 mander Knefler McGinnis who was of the industries JP) —Ten deaths were reported SANTA MONICA Cal Jan 12 Samuel Kunin Sc Sons which had under new liquor tax estimated Japan after they had been duty-paiin charge of the flight said: are the The best distillers organas continued torrential rains today Hits Insurance —Yesterday’s immortal lines that were the only such Insignia found bought the tuna and sent the labels to beat down on at $20000000 to Company you Heartiest congratulations ized and we can get information from British Guiana DamI penned to you is today null and Grubbs today after an official investigation here The 100 cases-saiand all associated 'with you in preNew York— Record of Converwas estimated in excess of State’s Dissolution Plan them easily” he said He disclosed paring void I told you the senate was successful and for were among 7000 brought here last age completion sations between Mrs Rudy Val-le- e ordered from Washington Nine persons drowned as that there were only one million galto buy no liquor from nation that of its resulted Osafrom Y The of K N liner the undertaking greatest the reports and dancer bared in court inquiry September by swollen waters of the Potaro river ST LOUIS Jan 12 UP)— Proposed lons of aged whisky in this country kind in the history of aviation the wouldn’t pay Well that was what t that 4000 cases had been landed here ma Maru swept away a party of men attempt- state dissolution of the Continental and urged newspaper men not “to formation Washington— R e n e w e d atthey had passed but It seemed to from San Francisco last from on week Y were and K men said liner theN Japan Shipping ing to cross Pakatuk Falls Sunday Life Insurance company was opposed scare the people to death against to Honoluluflight tempts in house to defeat econohave been their own idea When 1 a Hawaii magnificent dock blue on labels with them Tatsuta Maru arriving here last Disrupted communication lines felled eagle my sections of independent ofthe president saw it he gave ’em : in a hearing here today on the ground blends” The 100 cases found bearing these Friday did not land 4000 cases of fices bill unsuccessful an eraser and says “You boys go rising flood waters kept word of that no concern is insolvent until it “If you do that you will only drive accomplishment” by which made the six The big planes ’ sevlabels were on the docks with tuna as Indicated in orders reported their death from the capital until to- is back and rub that out” the business to the bootlegger” he ocean jump are to have a complete to liabilities current unable Washington— Edsel Ford in inpay eral thousand other cases of Import- from Washington last night that such day So hereafter any news that I terview says business conditions Theodore Rassieur attorney for the admonished overhauling according to regulations ed tuna fish and it was said unof- a shipment be seized The several bring look “very very good” Life ydu in regard to what the Continental said would said officers and company probably they PAYS OLD DEBT ficially that this may have led to an thousand cases on dock have been senate has done why it’s subject' GOLFERS HELD UP which has about $100000000 of for ' be Monday by again FOREIGN duty ready RED WING Minn Jan 12 UP)— impression that the entire collection there several weeks it was said CHICAGO Jan 12 UPhOn the How much farther the squadron to cancellation This is one ses- ‘ force and 45000 policyIaris — Government wins vote had been deposited here already Customs Collector Alfred A Cohn Page Diogenes — he's got'another con- holders in sion of congress where the tail la thirteenth green at the Flossmoor could have flown on its gasoline supcurrent could obligapay ' of confidence on responsibility in bearing the insignia not wagging the dog Yours issued a statement saying nd blue vert Superintendent G V- - Kirney tions He said the dissolution action country club course Harold O remained a matter of speclation ply $40000000 pawnshop scandal After an inspection and inquiry eagle stickers were attached to any of Red Wing schools reported he has was brought cadhis three guests and four It was announced fuel consumption by R Emmett O’Malley aided by two customs men Charles Japanese tuna shipments at the time received 50 cents in stamps to pay state insurance Shalghai — plot superintendent be- dies met a real bogey A holdup figures were ‘Strictly of military imW Grubbs district N R A compli- they were admitted to the port by for a squash stolen 15 years ago from cause aeen in meeting of former govO’Malley was unable to desig- man greeted them took $3 and de- portance Officers declined to discuss ernment leaders ance director messaged his superiors customs inspectors a school farm since abandoned nate trustees parted in a motor car ‘ By United Press Jan 12— Henry WASHINGTON Ford incensed at a request by a high Hoover treasury official last February 13 that he give further aid to De troit banks flatly refused and the next day all banks in Michigan were ordered closed Edsel Ford testified today before the senate banking committee His testimony almost was ' overshadowed by the sworn statement of a chief national bank examiner that In 1931 and 1932 a "lenient policy" was exercised toward banks on orders from the “White House and the secretary of the treasury” Alfred P Leyburn the examiner testified that instructions came “from the high command” not to “rock the boat” by too careful inspections “Are you guessing at that?” demanded Senator Couzens (H Mich) outspoken critic of the Hoover bank policy and longstanding feudist with Henry Ford 1— ‘ y L Tells of Leniency to Banka n "No Tnf hot guessing said “Brinks throughout tha country were shown leniency in examinaLey-bur- JURY CHOSEN ’ FOR TRIAL OF - DR WYNEKOOP for ques-tionair- Poet-mast- st Van-derli- p Pro-fesso- c G 0 P ASSAILS U S WILL JOIN d WORKS COSTS SUGAR PARLEY MABRINERS for Liquor Taxes Net U S Over $645000 in Day for ' New Levy Signed by Roosevelt Expected to Yield $20000000 in January Name Island Head con-ract- Major-Gener- The World’s News Inquiry Shows Blue Eagle Labels Put on Japan Fish After Arrival Will w Rogers Says d 1 d ' ' ' e g J t! |