The Daily Banner, Greencastle, Putnam County, 1 January 1934 — Page 5
THE DAILY BANNER, GREENCASTLE. INDIANA, MONDAY, JANUARY I. 1934.
fitii mj hits m:'v miu SINCK <’IVII WAR DAYS N l-vv YORK (UP)—Movement of American <1 liar featured world [ oxchanjre dealings in 1933 ax I !h .,t unit sank to a new low since | ■> in terms of the French franc I nJ other it' ll currencies, and in I terms of gold in London. When the l> nk holiday was declar , in March, the dollar was worth than 100 cents in Franc teims. I .mid not he calculated in teims of
the | imii since that unit wa? hitched to it Id The pound in .Mai h was at $3.4'). agiainst parity of $4.8005 witen it wa- oil itpld in 1931.
was not
gieat
NR A FACES MW
Abandonment of the gold standard by the United St ites brought short selling of the dollar abroad and it ’steadily declined. Prices of stocks and commodities rose in inverse proportion to the dollar drop until July IK when they reacheil their yeat’s peak. At that time the dollar was worth ap- ; ioximately 69 cents. It later broke lieh .v 59 cents, hut the effect of the
not devaluation early t prices.
As the influence of dollar decline »/ji i a-v mi irpri i m iv*\ grew les.^ the admin istrulion ot i Vr 1 I tl tI \ ll 1
about to force depreciation by other j methods. The Treasury began pur 1 chase of newly mined guld at world 1 prices, and latei the Reconstruction j Finance Corporation fixed an arbi trary gold price above world markets, steadily increasing it until it .Tossed $34 against parity of $o|).(i7 when the
dollar was worth 100 ents.
,i®7
WELCOME 1934
Hie eyes nl the world" are turned toward you. Hie Cojie of nations rests upon you you hold (lie destinies of millions. Welronv We joyously acelaim your entrance v ilh confidence that you will he a truly happy new year.
F. C SCHOENMAN THE JEWELER
j,: i j ( 1 i 1 ^ ft 3 II 1 J iDitP/P J i 1 [i^ fp fT ; i i 1 1 ‘Hi-
Illilll
Foreign currencies made their tops for the year on Novemhei ](>. At that time the pound was worth in term of the idolkir, $5.52. The frnnc reached a reroid top at 0.71 Vi ci^nts, against parity of 3.92 cents; Italian lira, 9.06 cents, .' gainst parity of 5.20 cents; (ierman mark '41.22 rents, against parity of 23.82 cents; Dutch guilder (19.20 ients, against parity of 4it.'.!<l rents Swiss franc 33 25, again st parity of 19.3 cents.
Swiss Army To S|h‘ihI Millions
P] 1 (,l.\’i;VA (I p) The Swiss Fmlei itl a) (''.ariril ha |erj led t i sfvend about jlj! $20,0011,000 i ipiipring and modemi/.Ui| it fighting forces The expenditun will be paititioiied over 25 years. This pmg lain has I icon hastened, it i believed, In ran •• of the revelation of allegnl (irumai jilans to invade Switzerland in the event of another j war w ith Frtince. Fears that the I World IiCarmaa.ent C inference might
-urr a u|)ply equal to any I'cason able dtmtird. with further e\p.andon plans sufficiently a Ivanced to keep
pa e with consumption.
too early to anticipate the to
|| ^ l"^ |A IM\I )|)| I" A|S 1 < ' on> ' UlT l f' 011 ' We know that
J J ‘ ■ average fire-prohihition consump-
tion was ai >und 130,000,000 gallon-
( ONtiRKSSION A|. ACIION M\V .iinmally Th may he somewhere near
HR SKt KSSARY To Cl Wt-
1FY (lUKSTIONS
trained by 11 I Mm can to lixd. holh n f illy to lift tin hm-gv over ettrba ways before crossing a street and with hei teeth.
, what can he expected.
Theiefore, the distillers of the ■ in try are planning not only to keep a e with the demand, but ta accumu|l::> stocks far aging, in order that 1 ■ mer'can-made whiskies may con-
highe t stan I-
*♦♦♦♦♦ ♦•♦♦••0*****^4*.><u*** *♦♦**♦ ♦♦«*•*»«*•< «S**l*»*«t*
By 11. O. Thompson
Unitiyl Press Stafl CoMesgondent WASHINGTON’, J n. I, (UP)
The VRA will enlei the new \cal tinue to maintaii thf with substuntiul . chievement ■ hehiial i I, if qualityit, hut wifi ciitical problems ta he lipi'diate effect of repeal has raced and settled. j been to provide employment far many A the old year ends, the win h i thousands if the idle, to crenlo do labor question haped up as > ne whi li j a amis b.r more grab;, motor trucks, might lequire t'oiigre rion.al a t i"ii (b'tti Is. h.tiles. New plant constiate-
al
Chairman Robert F. Wagner of the Nati.nal U hor Hoard, eoming into direct eonta t with t i problem in lii series of ililliralt confiaen e- with i-mpl ivers and htboi leaders, may pt"pore legislatiilTl giving unqueslione I -lulhority to the boni I’s aitivitie
Hoard t hallcnged
3 hi board has been challenged in two not: hie cases lecently. The hi t wa that of the Wiuiton Steel Comp'lliy. The *e S>ml the Itiidd Manufac tilling Coavpany, o| Philadelphia, ipie- i ioned the hnard’s right t upervi e an employes’ r lecti it in it- plant.
I e bnanl was set up by President * l> ‘ a *' ,,n ol ’* |p ' r I 11 '
R ■ evejt durim the ■ hi n :: ' '> i" ' 11 ' 1 ". that .,
eneral strike w ' 1 '
hitiiminoiis coal industry and ...n, A'.-hich will rake illegal manufacture
Good Luck” In 1934
May the Hays lie filled with toy atuf gladness for yon—our friends and patrons—throughout the new year. Lueteke Bakery
ks H2T
fail al i are responsible. Tlie | rugram eall- for the expen ituie of .$24,500,000 on airplanes, tank i diuized artMlery, i-annons, lieavy and Pglit machit e guns Six heavy machine guns will In 1 ad ed to each Hu i huttali m, while all other equipment will he increi i d, or modernize I. Highly new tinplat es will be bought, some time during the next 25 years. Switzerland already possesses 175 mo ’em planes, .whose pilots are note | for their excellent training in mmin
tain 'lying. $
Switzerland’s army, although conserApit, is ere of the hr st in Fur. pe Thiee bundle highly trained offici er.s from the only professional, long ' (iviie a o | is. Idach year they train ij about 25,000 recruits, in addition to ; I putting about 50,000 older men
11
; I through more advaiicxHrafning. WANTED Any kind of dead stia-k Call 278, Greencafitle. We pay all •harges- John Wachtel Co 24-tf
turn ha- stimulated the building tradFor instance, our com par y alone ha- omplele I two large iudern • lant r cently, one in l.ouisvillej and ne in Halt i ore An er.orm nis illegal i • il bu-iness hits lieen supplant<*d b;, a I gal business pro lucit'g revenue for the Government.. The istillers will l ie e with the (iuvermnent to the foiled extent, to the end that liquor may le “decertly and moderately hi " Distillers will he eager tl, disei i r abuses an I aid in their correc-
tion.
(ml the listilh rs are urging tint
u t he handled
Ring Out The Old .. Ring In Tlie New ...
(OfW-
Id all Dttr foenejs and palions we exl- nd the se ison’s greetmgs vMlh a liearly wish that in . e*- and happiness may be yours tfnoughout ihe year. METZGER I UMBER COMPANY
Telephone 262
If / W. Franklin Sf.
Pli!lll!l!!llll!l!lll!lil!L'll!ll
■ i\ "T Cl I
DePauw University
Is a vital part of this community. Its faculty and employees have fheii homes here; Its payroll is distributed and expended here; It brings many visitors to (he city; Its social and interreetual diversions are entered info by both college groups and townspeople. It is a pari of your community. Hence, along with everyone else, DePauw University is looking forward to
The New Year
And sincerely hopes it will be the happiest and best tn the history, not only ol ihe institution hut of the city, and of the county, and ol the state, and ol the nation. For as one prospers, we all prosper; As one receives and shares tf^e good things bf life, we all receive and share. DePauw lakes this opportunity of again extending to Greencastle and Putnam founty its best wishes lor hap piness and prosperity during the coming year. May 1934 be the best ever* G. Bromley Oxnam, President.
it h ■
ciitical labor cnntl'ovi isic mhcutoil uation-witle unrest might criou ly mmli.'Hp the ie* t 'i\oi\ lU'imiam. Smut ii Wagiifu h i relic I for his authority < it Section 7 of tin* Nati itial I m I u st i in I Rcovcrv Act Ihe ret ion guarantee to labor the light of collective bargaining ami fieetlotn from inlerfei elice from enijloyiM in el, lion of workers' re|iiesetitatives. F.nft rcfinent Brunch In practice, the labor boaril has lilted its activities int i ti'm e of the NBA an<l hits ei me to l,e coo iilerod the enforcement b.anch for the re '•overy act's lain r provision-. How this attitude will stand in the courts is :i matter of conjecture. Because of file ilifferencps of opinion ovoii’ these provisions, Wagnet may press f r a ('ongre donal inter pretaticn whi h will end all squabbling over just whot collective bargaining means imd the right of Ihe y.oi kiln; n all UJi li the ;jn v. deal.” NRA li Is it- prim ipal achieve ment: during tlie fir t six month - of it camei as follows; 1. An estimated inciease in employment of a p proximal el o.tlOO.dtK), exclusive of t o-e granted work in emervericy government proje t. . 2. Increasing purchasing power through highm wages 3. Successful i^>al iperaticn in steel, coal, lumber, oil, automobiles and i diet leading Industrie . 4. — Elimination of child labor, sweat-shops and poorly paid “home
work.”
5. —Abolition of many unfaii trade practices. In the closing weeks of 1933 industry showed ti new* spirit toward NRA Therq were two principal rea on- fot t this satisfaction of leading indus-1 tries with llu ir operations tmdei , codes and ii ne v s|iirit of compromi , and con iliation on the pad of Ad-I mini-tratio llich S. Johnson. nlSTII.I.RR SI IS I.KM’dR SI l OS \ I I II) Mil l KIN (. XI I'UR Yl XI! By Wjlhum )l. Veenenrian (Presideiii, Frankfort Oistille In ) J.OUISVII.I.i:, Ky., (l’I*| When it liec.'ime reasonably sure that the Eighteenth Amendment woul I lie tepfided, nwist of the distilleido then i))h i atinr- stalled plans fo; early in ii a.-es ill pr ductiun capacity New plants were reqttinsl, nil .|lant: were rttlargeil aid i (proved. A a result,' re|ieal foun I a levivifir indu-try producing the qiiantitie- sufficient to 1
nnd sale of
fit ihle.
piritumts liquors' unpro
MAX ORLEANS I’XIM KMXX ^ NEW ORLEANS (IT)- Just ,as| = tae 361(1 !:iti vo'ed ratification of I === die 21-t A i ndmint, paint pei-lcil off the side of a building here and re- j SE veal" the word "Whiskey,” which 1 == wa part .»f an ol -ipn painted y ars ' ==
before Repeal-
0O(. XX III I I S It XBX HI t.t.V TEMPLE, Tex. (UP) If you see a i
I big Belgian police dog prou lly rolling I
.a baby Inm gy down the streets of i’i mpli , call her Monty Tho dog was
1934 Is Worth ( rowing Ahoul
11 : r s ( Kovv now! It’s nexv. It li.tsn t anyllimg against it one xvay or the oilier. Let s be fair and gne it a real ml off with j .lenty o| Ii.t|)|ane s and"go k| i heei all arotind. HAIM’Y NKW YKAIv! EITEL FLORAL COMPANY
-1
m
WELCOME
Happy
N CYV
Year
NOTH K Ol ADMIMSTR X IldN N ,tici* i doreliy given that the tin del igne | hn iieen appointed by the Judge of t .e Putnam < 'ii .'ill Court of Putnam County, State of Indiana, Administrator of Ihe estate of Nancy f. Williams, late of Putnam County, deceased. Said estate is supposed to he solvent. < larenee Craver, Administrator. No. 7587. Dec. 16, 1933. Attorney, James & Xllee. John W. Herod, cleik of the Putnam < irouit Court. |8-3t Ntll It E OF XDMINISI RATION Notice is hereby given that ihe undersigned has been appointed by the Ju Ige of the Circuit court of IXitnam County, State of Indiana, Admini tra tor of the estate of William A. Dumnll late of Putnam County doera- ed. Said estate is uppored tn he solvent. lb - ic H Darnall, Acinini-trator Dec 23, 1933. Attorneys, James & Alice. No. 7592. John W Herod, tjierk if the Putnam Circuit cout. 25-3t.
We take this oportunity to thank all our Friends For their patTona^e durin.i*- the past year, and to state that we will endeavor to t>ive you even better service dm my 1934. We Wish Everyone A I hippy and Prosperous New Year HIGH POINT OIL CO. THRKF STATIONS IN GRI KNCASTLE
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