The Syracuse Journal, Volume 25, Number 5, Syracuse, Kosciusko County, 26 May 1932 — Page 1

6/ Arthur Brisbane COL .LINDBERGH WILL STAY JAPAN HAS TROUBLE PARROTS AND SHEEP FAT MORE ABOUT GILGAMESH

It is suggested that Cotonel'Llndbergh will move from thU country to remain abroad, where the kidnapp-; ing industry does not exist. He would be justified; in taking such action, but “quittin|g"» is not a part of the Lindbergh ! equipment. He will prefer to stay knd tight it out with his fellow citizens. The first part of that tight ought to put in jail those that sopght to pr fit by Colonel Lindbergh’s great misfortune, deceiving hiip wjith lying, criminal statements. ! / ' Tokyo reports a new <ab net planned to suit the Japanese i.rmy. following the murder of (the seventyseven year-old Japanese piinie minister by young army officers. • The civil authorities <>f Japan dwindle in importance to inflra-microscoj)-ic size, when war begins and must defer to army oHicers nh.it dealdi-J rectly with the .mikad<j. The ainj feels that Japan is <n his no civilian -must interfere, , b On the other hand, Japanese bonds and yen drop, exchangle markets <4 the world taking a cold view of putrotism in Japan. They know that Japan’s army will fight ms gnificentiy, but know also that it JWCUId not be, kble to , finance magnificently, If the army decides what is tj> I e done and spent, the civilian government may find it difficult to pay (ths bills. The money prolilein of Japanls! civilian government may be cvmpn rated by jiews that Russia has called ; up four army classes, totaling 000 more mrnyfoi immediate maneu- ( vers, ■ , ’ ' — ' 1 You know those parrot-like birds that lived peaceably on insects, until sheep were brought t" Aus’l'ulfti. then the birds ate the insects on the, sheep. Next; ’ accidentally, they - dis- ; covered fat on the sheep kidneys just below the Wool, changed from insects to sheep's kidney fat and kill- 1 ed»thousands of shfrep. As with those Austrtiw.*n birds, with crime. It passes from one' .thing ; to another. The Field Museum-tjxford univer sity expedition in Mesopotamia finds a tablet four thousand years old. supplying fifty missing lines in the epic of Gilgamesh, who was- to the literature of ancient Baby lon what I Ulysses was to Greece! Some of his adventuias suggest writing in the Old Testament, especially his escape from a great Hood, like the one that threatened Noah. ( Among northeeri pe- pies the ftdven (Continued on Last Page} ENTERTAINS LEAGUE OF VOTERS CHAIRMEN ’ ■ - . f Members of The League of omen Voters, from all p.-hts of Indiana, were guest” of Mrs. Charles N .Tectm at her summer home at Lake Wawasee, Wednesday. Local ‘league presidents, local and State chairmen of the standing program committees of the league, and the finance committee met with Mrs Teetor to discuss the content of their prog tain, ami oig methocMrs. Elsie A. Zinsmeister of Louisville, treasurer of the National League of Women Voters and Mis Walter S. Greenough-1 of Indianapolis, secretary of- the national organization were honor guests at the conference. State chairmen of committees who attended were: Mils. William S. Ehrick, Evansville, International oc-. operation to prevent war; Mrs. C. T. Boynton, Elkhart, child welfare: Mrs. George Keiagy, Hagerstown, education; Miss Ssfra Lauter. Indianapolis, living coati; Mrs. Helen A. , Guy, Remington, (legal status of wo- 4 men:- Mrs. T. Ji. Compton. South Bend, aocial hygiene; and Mrs. Richard E. Edwards. (Peru, finance. Acting chairmen foj efficiency in government and Women in industry committees wereifi Mrs. Greenough and Miss Florence Kirlin of Indianapolis. | from Rensselaer, Bloomington, Gary, Fort Wayne, In dianapolis, Elkhart, South Bend, I-a-fayette, Hagarstlown, Peru, Evansville and Kokomo attended the conference. Such subjects as revision of county government, election laws, the need for wider use of the probation facilities within the state, unemployment compensation and reserves, school administration and finance, regulation of public Utilities and the tariff problem, methods of international cooperation to prevent war were discussed by the respective committee groups Wednesday morning. Nearly 100 guests were seated at luncheon servid at Mrs. Teetors home. Immediately following the luncheon • general conference on ormelthods and tools was conducted by (the state organisation chairman. Mr*. S. N. Campbell of Indianapolis. Mrs. John Teetor assisted with the entertainment of the guests, a number of whom came Tuesday and were overnight guests.

'K-. Syracuse Journal Northern Indiana’s Best And Newsiest Weekly Newspaper

VOLUME XXV

145 ATTEND PARTY HELD BY ALUMNI This Year’s Class Initiated Into Membership One hundred and forty-five ’ attended the annual Alumni party in honor of the graduating cl. ss which was held at the High school, Saturday evening. A carry in dinner was served in the gymnasiuni. Rev. Lee Cory returned thanks; Wilmet ’Jones Jr’ .pi esident of the Alumni Association gave the address of welcome, and Wallace Baugher, prudent of the graduating class made (the iesp-on.se. Officers for the coming year were elected; Wall Ace Baugher is presiSpencer Heermah, v ice-presi-dentand Miss Mary Jensen, Secre-tary-treasurer. Following the,dinner the memlieis of this year’s graduating class were asked leave the auditorium. Then Ralph Leacock, toastmaster,-welcom-ed them as they were called, a few at a time, back to the room,; An old lune school bench had been placed on 1 the stage. The graduates -k their places L< e bench, hesid the w.rds or we’c-and sat d< wn on the school bench and ayose on receipt of an! electric khock. Following the initiation sei vices line the rest of the program. Mrs Harrison of Ligonier, who taught in Syracuse as Miss Lois Nusbaum, gave a short talk. Miss Ruby Mellingei gave a reading as did Mrs. Fi.o-.k Golden of Elkhart. Miss Ruth' Blam hard sang a solo, accompanied by Miss Mary Jensen at the piano.Members of the High school faculty weie asked to debate the question: "Which is more important, the hole in the doughnut oif the tics in .he clock?"

Dr. Norris of Elkhart. f<>in.eil\ Professdr Norns < f Syr:"'use sate a short talk, during which he expressed ppreciation of wbal J. 1' D<>i'an has | meant th Syraeu<«> echbola. Following the piogram a 'dance ' was enjoyed, must-? being fun ished by an Orchestra from Nappa. ee Mrs. George Hire u is < nie.nbt r of the class of 1889, the oldest class .epresented. Her/ sister, Miss Irene Sprague, who was to have been on ihe reception committee was unable to attend the party on account of illness . ■ Among those from out-of-town who returned for the Alumni party were: Mrs. E. 1- Baten ui of Farmington, lIU Mr. and Mrs. Ge :ge RowdabaUgh of North Webster: Miss I’helma Filer of Sugar Grove: Mr. uul Mrs. Andrew Hibner of South Bend; Ralph ‘Leacock of Chicago, Miss Ethel Bowser. Rev. and Mrs. Lee Cory; Mr. and Mrs. Eineral Jones .nd Fay Dewart ■ f Milford; Mrs. Mildred Edgell Wass, Miss Vida Dewart of Mu-haw aka, is” Phyllis Miller 'of Ekhart; Mr. and Mrs. Herman Peflej of Churubusco; Mr. and Mrs. Eugene Hoopingarner of -Chicago; Mr. and Mrs. Guy Bushong of Pierceton, Frederic Beery of Lima, 0.. ONION CROP HURT BY RECENT FROST The sudden drop in temperature Sunday night to freezing, and the frost damaged the onion crop in this section. C. L. Thomas, formerly of Wolf Lake, who has the crop on the Toad to the north shore of Wawasee near the Jones property, was the heaviest loser. A large percentage of his crop was freet bitted and damaged beyond recovery. C. C. Crow, Sloan and Skeel’s crops escaped with less damage on account of the lay of the land. Crow’s report however, that although they have not heard of serious damage to mint in tgis section, they drove past fields of mint near Cromwell, lying flat and brown after the recent cold. ~—-o— — ART CLUB ELECTS OFFICERS The Art Clqb enjoyed a chop suey supper at the Miller-Harkless cottage in Maxwelton Manor, Tuesday evening. During the business meeting officers for the coming year were elected. Mrs. Nelson Miles is president; Mrs. H. D. Harkless, vice president; Mrs. ( Eugene Maloy, secretary-treas-urer. Following the business meeting bridge was played and prizes won by Mrs. A. Pfingst and Mrs. H. D. Harkless.

DECORATION DAY PROGRAM TO BE ( AT HIGH SCHOOL Stores in Syracuse wiirclose next . Monday noon for the rest of the day,} and the program in celebration of Mentorial Day will commence at 1:30 o’clock. There will be a concert on the public square by the city band from l:30 ( to 2 o'clock. The program at the High school will commence at 2:30 ( o’clock. . I This will open with a selection by. the bund. The Invocation*will'be by, Rev. Pet-tit. There will be a song by the quartet composed of R. E. Pletcher, Ocal (.‘raft, Harry Culler and Fred Self. Billie Emeison will give "The Gettysburg Address.” , Another sopg by the quartet , will • pi.ecede the roll call of the soldiers »f ail' wars who are. buried in the Syracuse cemetery. < The address of the afternoon will be given by the flonorable Arthur 11. Sapp. His subject will be "American • Manhood.” ‘ I 1 The quartet will lead the singing < f "America” and Rev. Jarboe will pronounce the benediction. School children will assemble to ■, march to the cemetery where the ( -eixues will be in charge of the American Legion. I All persona ■desiring to contribute! Rowers to decoxate the graves are asked to take.them to the High school 1 building’ not later than 1 o’clock Mimday r afternoon. As many of the children who will match who can bring Rowers /are i‘sked to do so; “ t This year's Freshman and Sopho-< more class will act as captains in tabbing care <<f the younger school children as .they inarch to the cemetery, and in decorating the graves, according to Mr. Slabaugh.' 1 Warren T. Colwell is chairman of' the day, Robert Pletcher is in charge' of vocal music; Ralph Thornburg in j charge of the band; Court Slabadgh in charge of the children; William Gants in charge. of Howers; Miss Hammam in charge of stage decoration; Emory Striebv in charge of finance; William Bowld in charge of flags.

HARRIS TRIED FOR HAVING GILL NETS Last Thursday morning Charles Harris was tried before Justice of (he Peace Jess Shock, charged with having two gill nets in his possession. The charge was made by game Wardens Milton-Justice and Ed Sauers. He plead guilty and was fined sl9 on each count, making a total of S3B. Hi’.riis fold Shock after he was fined, that he couldn’t pay but would make arrangements for staying the docket. Later in the day he telephoned to Shock and explained that he would pay the tine by 12 o’clock Saturday. The hour came but Charles Harris did not put in an appearance. Inquiries made revealed Chat he had left this locality. receive Flour Dan Klink and son Orval went to Warsaw, Tuesday to receive Turkey Cigeek Township’s share of the surplus government flour being distributed through the Red Cross. —;—————— ■ BIRTH ANNOUNCED Mr. and Mrs. Carl Gordy are anI < ;i!.c:ng the birth of a daughter on Saturday.

HONOR ROLL FOR SEMESTERJtND LAST MONTH OF SCHOOL GIVEN

The honor key, awarded each year to the Senior with highest grades for the last school year, given by the Herff-Jones Company of Indianapolis was awarded to Miss Mary Jensen following Commencement exercises last Friday evening. It was a close race, Mary’s average being 3.887 and that of Velva Brown being 3.816. Out of 53 grades for this last year, Mary had 47 A’s and 6 B’s. Velva had 49 grades, 43 of which were A’s, 3 B’s and 3'C’s. Last Month Honor Roll Honor roll for the test month of school were: Seniors, Velva Brown, Marjorie Connolly, Mary Jensen. Juniors: Harriet Bachman, Alice Coy and Joe Freeman. Sophomores: Grace Culler; Freshmen: Bernice Held, Voylp ..Osborn. Eighth Grade: Laura r Bachman, Martha Brower, Carma Parkhurst, Marjorie Slabaugh, Mabel Stuckman, Christian Koherj and George Bill Smith. Seventh Grade: Lucy Bachman, Juanita Geiger, Martha Jane Kern and James Butt. Sixth Grade: Jean

SYRACUSE. INDIANA, THURSDAY, MAY 26, IW.

FARM HOME DESTROYED ( BY FLAMES Russel Weaver’s Home Burned —Part of Contents Saved. i . ' — The farm home on Willian Miner’s farm, where Mr. and Mrs. Russell Weaver lived on the Syracuse-North Webster road was destroyed by tire about 1:30 o’clock, Sunday afternoon. The loss was partially covered by insurance. ; ■ ___ ’(. ■- ’' w . * The Weaver’s had been to church in Syracuse and had returned home. Sl:s. Weaver had dinner almost ready when Walter Weaver and his guest,Carl Coy, who were outdoors, noticed the smoke and Hames. The tiie evidently started from the chimney in the room above the' kitchen. : Neighbors tried to help extinguish the flames, blit the home was destroyed. Some of the furniture was saved but not all and" canned meat, canned (fruit and. potatoes, were lost; as were Mrs. Weaver’s wedding ring land other rings. ; But tire was not the only adverse .fortune the Weaver’s experienced. Russel Weaver drove to the Frank Ringler home, later in the day. When he attempted to turn around his car ran into the fence and the front 1 end ’of the machine was badly damaged, j Sunday evening when Mr. and Mrs. Vie Niles drove to Weaver’s former home, and talked with Mr. and Mrs. Weaver, Walter W’eaver atiteippted to start his car. Due-to a short circuit somewhere the machine caught fire, and everyone assisted in ; carrying water to extinguish these ■ Hames. ! Mr. and Mrs. Weaver are living in (one of the small buildings on the farm. Miner, who lives in Warsaw, plans to start rebuilding the home at once.

The farm was formerly known as the Joe Members aiwl friends of the Church of the Brethren made up a shower of edibles for Mr. and Mrs. Russell ' Weaver. These were collected Monjday, and in the evening Rev. and iMrs. Jarboe took these articles to the Weavers. They were much appre--ciated. f 0 — PUT HER FOOT INTO IT This is an account of a lake visitoi who put her foot into it. Both feet. Mr. and Mrs. Cosby of Goshen accompanied Dr. and Mrs. Harry Van Der Borgart when they came to Syracuse, last . Friday about dusk, to call on .Mr, and Mrs. E. McClellan at Butt’s landing.' Eventide seemed so pleasant that Mrs. Cosby decided it would be fun to sit down on the pier and swing her feet back and forth above the waters of Syracuse Lake, Before anyone had a chance to tell her the lake was unusually high, and because it was twilight and she couldn’t, judge how far away the water was, Mrs. Cosby sat down on the pier and swung both; feet in water which reached to her' knees. The floor boards of the pier barely cleared the water. . o —— BABY DIES? The baby boy, George Richard, who was born to Mrs. Albert Method, Friday, died Monday morning. Burial was at Oakwood cemetery with Rev. (Jarboe officiating.

Emerson, Mildred LeCount. Ethel Niles, Oliver Hibschman. Baja Mae RowdabaUgh, Buford Scarberry. Fifth Grade: Kathryn Dillen, Olive Disher, Virginia McFarren. HarryCoy, Robert Hinderer and Burton Niles,. Fourth Grade: Winifred Brady, Betty Baugher, Lois Dillen, Kathryn Disher. Billie Emerson, Jeanette Geiger, Mary Holloway, Betty Harkless, Lois Kline, Betty Rozelle, John Robert Kern, Corliss LeCount, Thurlow Mock and Jack Stoelting. Third Grade: Martha Hibschman, Betty Miller, Ruth Rang, Opal Scarberry, Emerson Bushong, Nelson Hinderer. Leslie Spencer, Thomas Xanders-Second Grade: Frances Deardorff, Marise Dillen, Betty Gordy, Marjorie Moody, Betty Wolf, James Armstrong, Warren Benson, Phillip Brower, Russell Ritter. First Grade: Rosemary Carr, Leia Plew, Carol Rarig, Mardella Weaver, Mary White, Stanley Grimes, Jimmie Kroh, Jimmie Slabaugh, Marilyn Holloway, Jean Ketring, Marietta My(Continued on Last Page)

NEW SCHEDULE OF LIGHT RATES IS (SENT COMMISSION A new schedule of rates embodied in a joint petition by the town board and Northern Indiana Public Service Co., was signed yesterday, to be submitted to the Public Service Commission, for approval. This new schedule will give the larger consumer of electrical energy and the town a reduction on the charges made for electrical consumption. The new domestic light rate will start to break down faster than the old rate, at 28 kilowatts, and will be optional. By optional, according to Mr. Anderson, division manager, is meant that the utility company will give. the consumer the benefit of the rate most adyantagews to him. The new rate is as follows: The first 3, kilowatts, will cost sl. The next 27 will cost .06c per kw. The next 3u will cost .05c per kw. The next 90 will cost .04c per kw. All over 150 kilowatts will cost 3 . cents per kw. Under the old rate 50 kilowatts cost s4.2swhile under the new rate, 50 kilowatts will cost $3.62. Under the old rate 70 kilowatts cost $5.65. under the new rate only $4.52. In the new schedule there will be a straight, refrigeration rate. Current consumed under this new rate will be 4c straight for each kilowatt. This rate will be optional; a separate meter will be required. The company will furnish the ineter. A minimum charge of $1 per month will be charged on this rate. At the meeting the town board made known what lamps they want changed from 250 candle power to 100. This the company allowed. On every change the town will save $4, for a 250 candle power * lamp costs S4B per year while the 100 candle power costs $44. The definite amount of reduction to be allowed ’ on the ornamental lighting system could not be learned, except that it will amount to approximately 15 per cent.

KALE ISLAND CASE HEARD IN WARSAW Judge L. Royse indicated Monday afternoon that the plaintiffs in a suit to quiet title on an easement over lot 39 in Dolan’s addition in the village of Kale Island should have the right to a passage way over the lot to Lake Wawasee, as indicated by the owner Frank Woods. The suit was brought by Sadie Brown against Frank Woods, Lena Woods and J. P. Dolan, and was to quiet title on an easement over the entire lot, which meant, if the plaintiff’s claim had been allowed the present bath house operated by Elliott who leased it from Frank Woods would have to be removed. The plaintiff represented by Sharpless and Fick of Garrett and Brubaker of Warsaw- contended that the easement given by J. P. Dolan( to the owners of the 17 lots in Dolan's addition not bordering the lake, gave them the right to the entire property. The defendants represented by Xanders of Syracuse and Headley of Warsaw contended that the easement over the lot did not give the parties interested in the easement the use of the entire property. J. P. Dolan was represented by Warren T. Colwell. Many witnesses were heard who testified that there was a fence across the lot; that there was not a fence; that the people having an easement over the lot were forced to pay before they could go in bathing; that they were not forced to pay. Piers, boating rights, sea walls, gates maps and numerous other things were brought up to attempt to prove or disprove that the passage way over the lot was obstructed to the holders of the easement. Royse also indicated that in his final decision the holders of the easement, their guests and their tenants will have the right to use the instrumentalities of access set up by the o\yner. TO ADVERTISE WAWASEE Ross Franklin’s Waco orchestra, under the direction of Freddie Daw will broadcast WOWO, Fort Wayne, every Friday throughout the coming season between 11:30 a. m, and noon, C. S. T. The first program will be broadcast tomorrow. The series of programs are being sponsored by Johnson’s Hotel, The South Shore Inri; The South Shore Golf Club, Inc., The Tavern Hotel; Wawasee Slip and Waco and are being given for the purpose of advertising Lake Wawasee. 0 Mrs. Ed Kinnison of St. Joe; Mich, has been visiting Mrs. Wilma Hire since Saturday.

DO YOU I REMEMBER—--20 Years Ago. When a number of Fort Wayne business men incorporated to build seven interurban car lines from Ft. Wayne, one of these to run through Churubusco, Wolf Lake, Kimmel, Cromwell, Syracuse and Milford? * * * 15 Years Ago When My. and Mrs. P. W. Soltau’s silver wedding anniversary was celebrated? • • • 10 Years Ago When Mrs. Irene Strieby and Mrs. Zella Leacock opened the doors (or business at the Sign of The Kettle? • ♦ * Five Years Ago. When Mrs. Harold Coy underwent an appendicitis operation at the Goshen hospital? ■ .. o — v JON LAKE WAWASEEJ Although there have been a number of lake visitors and parties earlier this spring, the season officially opens this coming week end with the holiday following. Reservations for rooms have been made at the various- hotels for the coming week end, and Waco opens the season with the first dance Friday evening. One hundred guests attended the dinner and dance held by the Alumni of Ligonier High school, at The Tavern, Monday evening; Following dinner a program was enjoyed, then came dancing and bridge. Seventy-five were expected to come to the lake today, to attend the convention of the Envelope Manufacturers Association of America, being held at the Spink-Wawasee hotel May 26-28th. Mrs. R. B. Tuttle came from Indianapolis, Sunday for the summer. Her mother, Mrs Gass, and Mr, Tuttle planned to move to the lake later this week. Mr. and Mrs. W. E. Long of Chicago spent last week end at their home on Kale Island. The Holsum Baking Company’s .convention Will be held at Long’s summer home the first week of June. > Announcement cards have been received from Mr. and Mrs. Ted Miller, announcing the birth of a daughter, Barbara, May 17, at St. Joe hospital in South Bend. Miller was bookkeeper at Waco last summer. Mr. and Mrs. E. L. Martin spent Sunday with relatives in Michigan. The meeting of the Northern Indiana attendance officers was held at the cottage of Mrs. Jesse Heefner, Friday. Forty officers attended. E. B. Wetherow, superintendent of the LaPorte schools addressed the meeting. Miss Esther Smith of Swayzee and Miss Fana Ray of Sims were guests of Mrs. Arthur Adams at Sargent’s Hotel, Sunday. The Riley High school of South Bend won the golf tournament from Goshen High school, 4 to 0, at Maxwelton, Monday. Miss Dorothy Gustafson, the pro - from the Erskine course played around with the other golfers Monday afternoon. The Goshen High school golfers were to play a match against Mishawaka High, at Maxwelton, today. This is the first year golf has been played "by Goshen High students. Mr. and Mrs. John Teetor accom(Continued on Last Page)

ARE TO TEACH NFXT YEAR FOR LESS PAY Foillowing is t\e list of teachers announced for scnbtfl in Syracuse next year: X High school Court Slabaugh, Miss Lillian Hamman, Miss Lucile Henwood, W. C. Gants, Leonard Barnhart, ' Calvin Beck, Miss Ruth Blanchard who will teach domestic science and Chester E. Langston. Langston is from Purdue University and will be the vocational teacher, his!: Work will continue the year round. In addition to his “ag” work he will direct the band. With his wife he will move to Syracuse. Teachers at the Grade school are: Miss Opal Garrison, First Grade; Mrs. Ruth Meredith, Second; MBs Margaret Third; Mrs. Mary Gants, Fourth; Mrs. Edna Hess, Fifth; and Ora Benton, Sixth. Some of the grade School teachers are teaching for less than the minium salary and High School teachers have taken a 10 to 15 per cent reduction in salary . o FINED IN WARSAW Ollie Owens was fined $lO and costs totaling $24 in the court of Justice Frank Lease in Warsaw, about midnight Friday, when he entered a plea of guilty to catching a bluegill out of season.

28 GRADUATE IN CLASS OF ’32 FRIDAY Dr. Cordier Speaker At Commencement Exercises Dr. A. W. Cordier of North Man-. Chester college discussed the present economic depression, its cause, symptoms and possible cure, when he pddressed the graduating class of the Syracuse High school at commencement exercises, Friday evening. His address in part was as follows: The crisis in Europe lastofall found its way the Atlantic and the depression which started in 1929 became more severe last October. It lasted until January when the government intervened. Three weeks ago the drop became more rapid again, and has slowed slightly now. t Business activity of the past week was 57% of the normal of 1926. There was no high level in 1926 as in 1929. A Two months ago the automobile industry tried to encourage the aale of autos to better all business. The industry engaged in advertising, urging people to buy cars in order that"* - more men would be employed.- The advertising collapsed. People did not respond. There was not the desired sales and this effected the iron«4md steel industry. ¥ In February the reconstruction finance corporation, could not bring industry out of the depression. The government had to step in. s Five hundred million dollars have been distributed up to the present time among banks to stimulate industry. In the 9 weeks before the government stepped in 656 banks bad failed; in the nine weeks following only 76 failed. « , The Farm Loan board was extended more credit so it would not be necessary to foreclose on farmers. The bill was passed to change the rule of the Federal reserve system. The government bought 700 million dollars worth of government securities oh the market and turned this money back ipto circulation. was a billion dollar increase in credit April 1932, from that time a year ago, made possible by this step, z"** The government’s next step wasfks anti-hoarding campaign. The first move was to educate people to the fact that the reason for the low prices was the fear people themselves had for a future collapse. Committees over the United States were organized to renew confidence by pointing out the security of the United States. - They pointed out that money Jn hoarding deflated prices. There was a billion four hundred million dollars in hoarding, and baby bonds were put on the market by the government. Two hundred and fifty million dollars of ' currency formerly'Sn hiding is now in circulation. .. One dollar in circulation does $lO worth of trade. The reason for the recent fall in prices is that people are engaging in a policy of excessive liquidation;. they still have the selling, not the buying spirit. They are selling to get mdney to pay debts for financial stability. As Whitney pointed out when questioned by the senate, there was short selling because people wanted to get rid of their stocks to bave money. A slight increase in price sees the market flooded. The government on one hand is trying to improve con*’ ditions and people are selling and bringing prices down. This can only be counteracted by further action by the government. ‘ Excessive selling means a decline in wages. The government is cutting these. The national government must balance a three billion dollar deficit and must spend more money to get out of the depression. This is the most wealthy country in the history of the world. And there are 8 million unemployed and every one is effected. Unemployment has hit the laboring man, the professional man and the farmer. There must be something wrong with the whole economic structure. The world doesn’t owe anyone a. living, but the world does owe a reason to live. In discussing the relation of the American depression to the world depression, Cordier said: In 1929 the United States sold five billion dollars worth of materials to foreign markets. This year, at the present rate, one billion 800-million dollars worth will be sold. Economic stability is now a race (Continued on Lost Page)

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