The Brownsville Herald (Brownsville, Tex.), Vol. 41, No. 292, Ed. 1 Sunday, June 11, 1933 Page: 4 of 17
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Morgan Probe Consequences to Affect Country’s Income Tax Payers
INVESTIGATION
CLOSED UNTIL
FALLSESSION
WASHINGTON June 10. <JP)—
The senate’s Investigation of J. P.
Morgan and company is over for
the present at least but developing
today was a train of consequences
which will seriously affect the'
country’s income tax payers.
Publicity for all tax returns was
voted by the senate last night in
an amendment to the industrial
control bill and there was every in-
dication that this removal of secrecy
would be made law.
Begin Evasion Drive
A drive to prevent loss-showing
stock sales designed to “evade or
reduce” income tax payments was
announced by Guy T. Helvering
the new commissioner of internal
revenue.
Both were direct results of the
Morgan inquiry’s disclosures and
of previous banking committee in-
vestigation results. The Morgan
partners paid no income tax in
1931 and 1932 and hardly any in
1930 because of losses established
from shrinkage of security values.
Charles E. Mitchell former chair-
man of the National City bank is
on trial now on a tax evasion
charge resulting from previous
senatorial investigation.
Sen. La Follette (R-Wis.) in mov-
ing the adoption of the publicity
amendment had asked:
“Does anyone suppose that these
evasions which have been revealed
would ever have taken place if the
tax payer had known as he sat
down to make out his return that
it iis to become a matter of pub-
lic record?”
Checking All Returns
Helvering said the senatorial in-
vestigations had caused many peo-
ple to submit additional tax returns
and that his agents were pping over
with extreme care all retiirns show-
ing loss-establishing transactions.
The investigators who closed the
remarkable hearings last night and
released J. P. Morgan his part-
ners and other important men from
the subpoenas which have held
them here the better part of three
weeks intended to decide today on
a program for getting into oper-
ations of Kuhn. Loeb and Com-
pany and Dillon Read and Com-
pany big private bankers like the
Morgan firm who are due for in-
vestigation next.
These inquiries probably will be
taken up in the fall due to the
imminent adjournment of con-
gress. In the fall also there may
be a sequel to the Morgan inquiry
and the committee will go into the
question of investment trusts and
stock exchange operations.
The long Morgan inquiry ended
with a parting shot from the cen-
tral figure J. P. Morgan in which
he gaudemned what he called “un-
justT criticism" levelled at the
selected clients to whom his firm
sold stocks at bargain prices.
Harlingen to Send
Firemen Delegates
(Special to The Herald)
HARLINGEN. June 10. — Carlos ;
Thompson and Bill Parsons will be
official delegates of the Harlingen
fire department at the state con-
vention in Corpus Christi next
week according to Volunteer Chief
Bill Winters.
Several other firemen may at-
tend at their own expense.
The department expects to stress
attendance at the firemen's school
at Texas A. and M. College in
August.
Sexton Inspects His
Territory From Air
Harry L. Sexton new customs
chief for this section set a pre-
cedent recent# by flying over his
territory on an inspection tour.
He formerly was editor of The Her-
ald and later was minority clerk
and secretary to John N. Garner
in Washington.
Says Uncle Sam Owes Her Sixty Years’ Rent
_ _ . .-. - .... ..—"‘I
Here is the old New York postoffice which according
to Mrs. Sarah Jane Flaherty (left) stands on land
which belongs to her family and for which Uncle
Sam has paid no rent for the past sixty years. Mrs.
Flaherty a resident of New York claims that docu-
ments now on file at Washington give her a clear
title to the land which has an estimated value of
$10300000 at present real estate prices.
(Central Press)
I
Congress May Look
Back on Record Of
Great Achievements
WASHINGTON June 10. <JP)—
Congress on the verge of adjourn-
ment had this record for the
Roosevelt program to look back up-
on today:
New Laws
Emergency banking and gold reg-
ulation.
SHEPPARD IS
CHAIRMAN OF
DRYMEETING
AUSTIN June 10. (/Pi — Gov.
Miriam A. Ferguson today set in
motion machinery that will get
from Texans on August 26 next an
expression as to their attitude about
repeal of the national prohibition
amendment.
*
Drys Meet June 27
She named Morris Sheppard
senior United States senator from
Texas and co-author of the eigh-
tenth amendment temporary chair-
man of a convention to be held
here on June 27 when the anti re-
pealists will select a slate of candi-
dates for delegates to a state con-
vention to be held November 24
when the state’s formal vote on the
issue will be cast.
The legislature enacted a la^ em-
powering the governor to select the
temporary chairmen for conven-
tions of those for repeal and those
against repeal to be held in Aus-
tin of the same day to name can-
didates as delegates to the later
convention. She had not named
the temporary chairman of the re-
peal convention.
To Name Delegates
The August 26 ballots will carry
names of proposed delegates of re-
pealists and names of proposed rep-
resentatives of anti-repealists. Each
faction also will select 31 alternates.
Names of the delegates will appear
on the ballots in groups under
headings of “Far Ratification of
the Eighteenth Amendment” and
“Against Ratification of the Eigh-
teenth Amendment.”
The conventions would name
their own permanent chairmen.
[_i iAktn/iKui> reiver Itoice tke. SQrtui
piaoz. but-^xkere is KotciliKU^ Koto n^an-i^ "times
' |ove-kt ike. saw-e. person^
( Inflation authority for president.
Gold clauses in contracts cancel-
led.
Federal expenditure retrench-
ment veterans funds slashed.
Farm relief farm mortgage ad-
justments.
Half billion direct relief granted.
Muscle Shoals and Tennessee
Valley development.
Civilian conservation employment
corps.
3.2 Beer legalized.
Federal-state employment system
set-up.
Awaiting Presidential Signature
Railroad reorganization.
Small home mortgage adjust-
ments.
Gasoline tax. postage cost re-
duction power taxation.
In Last Congressional Stage
Appropriation bill carrying com-
promise on veterans compensations
house ready to act.
Insurance company relief bill up
to senate final decision.
Industrial control-public works
passed by senate last night dis-
agreements being reconciled in con-
ference -with house.
Glass-Steagall bank reform in
conference but agreement not like-
ly.
Passed by House but Senate
Not Acted On
Farm credit consolidation.
Municipal and corporate bank-
ruptcy relief.
Arms embargo authority for pres-
ident.
St. LawTence power allocation.
Bill enabling appointment of
non-resident to govern Hawaii.
If adjournment is obtained to-
night probably all of them except
the farm bill will be put off to
January.
College Quartet To
Sing At San Benito
(Special to The Herald)
SAN BENITO June 10.—A spe-
cial program featuring singing by
the San Marcos State Teachers’
college male quartet and a short
talk by T. P. Littlefield Jr. of
San Benito will replace regular
Sunday morning services at the
Baptist church which will start at
10:45 instead of 11 o’clock. The
same program will be given at Ed-
inburg in the evening.
The program was arranged
thruogh courtesy of Rev. C. S. Mc-
Kinney and Homer F. Springfield
director of music both of whom
are close friends at H. Grady Har-
lan head of the voice department
at the college.
A Valley man Frank Wright of
Edinburg now is a member of the
quartet and another Valley boy
Henry Griffin will be the accom-
panist. Other members of the
group are Kermit Gideon of Vic-
toria second tenor; Billy Doyle • f
San Marcos baritone; and Claude
Jones of Birmingham bass.
Mr. Springfield who has taught
at the college a number of times
probably will play the accompani-
ments here.
Mr. Littlefield received his degree
from Baylor University this spring
and will speak for 20 minutes.
Idaho And Oregon
Feel River’s Rage
PORTLAND Ore. June 10. UP)—
Roaring on to the ocean and leav-
ing thousands of dollars in flood
losses behind the Columbia river
ran the highest in years today-
while other areas in northern Ida-
ho and Central Oregon also were
inundated.
The greatest danger to life cen-
tered at Puget Island in the lower
Columbia. With their main protect-
ing dike broken and with no high
ground to which to flee. 800 persons
awaited another high tide with
fear.
Youth to Return To
Face Slaying Charge
NASHVILLE Tenn. June 10. —
iUP)—The way was cleared today*
for the return of 17-year-old Balfe
MacDonald to Flint. Mich. to face
charges of slaying his mother
when attorneys reached an agree-
ment whereby extradition was
waived.
A. L. Transou county prosecutor
at Flint said the party would leave
probably today.
**»
DIRIGIBLES
ARE UPHELD
BY CONGRESS
WASHINGTON. June 10. (/P)—Re-
placement of the lost navy airship
Akron and full development of all
fields of lighter-than-air usages in
the navy was recommended today
in the report of the joint congress-
ional committee investigating the
loss of the Akron off Barnegat light
early in April.
Given Clean Bill
Lighter - than-air development
pertaining to the navy’s military
operations was given a clean bill
of health by the eight of the con-
gressional committee signing the re-
port.
Sens. King (D.Utah) chairman
and Johnson (R Cal.) did not
sign and King is expected to en-
ter a minority opinion.
The report prepared by Col. Hen-
ry Breckinridge committee counsel
and concurred in by Rep. Harter
(D.Ohio) Delaney <D. N. Y.) Hope
(D„ Kans.) McSwain (D. S. C.>
and Andrew (R. Mass.) and Sens.
Kean (R. N. J.> Walsh <D„ Mass.)
and Duffy (D. Wis.)t set forth the
following:
“1. The cause of the wreck of the
Akron was the crash of the stem
on the sea about 20 miles off
Barnegat light when a swift verti-
cal descent caused by a vertical
down current to air in the midst of
a thunder and lightning storm.
There may have been other con-
tributing causes.
‘•2. Responsibility for the crash
was the navigation of the ship into
the storm conditions when she was
destroyed.
”3. Rigid airships bv past ex-
perience in the World War and by
recent exercises of the fleet are
found to have special actual utility
in the scouting line of the fleet.
Recommend Continuance
“4. It is recommended that the
navy continue in the maintenance
development and operation of air-
ships.”
”5. It is recommended that the
naval air station at Lakehurst N.
J- be the center of training and
a center of experiment; that a. most
experienced airship commander be
assigned to its command and that
there be placed at his disposal ex-
perts in airship operation aerology
radio and other fields of instruc-
tion and research and that free
balloons and non-rigid airships be
provided for training.
“Administration of lighter-than-
air by the navy should insure con-
tinuity of personnel and experience
Only fully trained officers of wide
airship experience should be in
command of airships. Command of
a training ship should be a pre-
quisite for command of a ship of
the Macon type operating with the
fleet.
“6. It is recommended that a
training ship be promptly built and
that anew airship should be pro-
vided to replace the Akron embody-
ing such new developments as ex-
perience may show to be desir-
able *** ”
Well. It certainly seems from the
testimony that Banker Charles E
Mitchell is one of those fellows
who owes a lot to his wife.
Mode! BX
G. E. Radio
Converted for home or car
use. complete
$27.50
This set will use one seventh as
much current from B batteries
as a flashlight hiifffy and will
only use as mtlch c/rrent from
A battery as 5 flas/ight bulbs.
Total current drain of this set
is equal to the shelf life of both
A and B batteries. Convenient
terms if desired.
Milligan Radio Serv.
1212 Elizabeth
Phone 44
LAST DISPUTE
IN SOLDIERS’
PAYjETTLED
WASHINGTON June 10. —</P)—
Pres. Roosevelt and hoflse demo-
cratic leaders settled a last min-
ute dispute over the veterans com-
pensation compromise today and
the legislation was started toward
enactment.
F. D. R. Dissatisfied
The president summoned the
house chieftains to the White
House when he became dissatisfied
with some of the changes made
Isat night by the steering commit-
tee In the phraseology of his subs-
titute proposal.
After a two hour conference
Chinn. Pou of the rules commit-
tee announced: “We have reached
a complete understanding.”
Pou hastened back to the house
to submit the revised proposal to
a vote. He was accompanied to
the White House by Rep. Patman
of Texas and Browning of Tennes-
see both democrats.
Pres. Roosevelt discovered that
technical changes made it virtual-
ly impossible for the government
to remove from the payroll any
veterans presumed to be disabled
by disease resulting from or aggra-
vated by service.
He insisted that the language be
modified and this the house mem-
bers agreed to do in order to save
the biU.
Patman Satisfied
Rep. Patman (D.-Tex.) said that
under the compromise proposal
yesterday the government would
have had to show affirmative rea-
sons why a presumptive case could
be removed from the rolls.
The change provides that the
veterans shall have the benefit of
all reasonable doubt and that the
government has to show the vet-
erans illness is not due to service
in order to remove him from the
rolls.
"This change carried out our in-
tent and purposes.” Patman said.
“As a matter of fact we tried to
put something into the compromise
that would have made it almost
impossible for the government to
remove any presumptive case irom
the rolls. Pres. Roosevelt wouldn’t
stand for it. However we have ac-
complished our intents and pur-
i ix)ses.”
CRATE FACTORY
AID TO VALLEY
BY ZELLA K. GATES
One of the surest means of aug-
uring the future of the Rio Grande
Valley is to talk to the pioneers
of industry and learn from them
their viewpoints and experiences
concerning this country in the
early days. The vision and confid-
ence on the part of many of the
most sturdy of the first settlers
mvariably is being realized today
in their present success and pros-
perity. One of the most noteworthy
examples of the courage and far-
sightedness of an early pioneer is
the Valley Box & Crate Factory in
San Benito.
H. E. Agar founder of the Val-
ley Box & Crate Factory in 1912.
started in business with a mule
team and one small warehouse. He
found that equipment sufficient to
keep up with all the delivering he
had to do at that time. Today they
have 22 trucks 17 big warehouses
located at San Benito a big plant
at Donna Mission Robstown and
Sinton. In the early days one or
two carloads of material was suf-
ficient to take care of the entire
Valley while today’s demand has
grown t osuch an extent that it
takes approximately one thousand
cars of crate and citrus box mate-
rials and supplies to take care of
the demand. Would it interest you
to know the distance in mileage a
thousand cars would «ovar if
placed end to end? Ten miles is the
answer and ten miles of loaded
freight cars coming into the Val-
ley with supplies for one industry
is a record for every loyal resident
to be interested in.
The slogan of the Valley Box &
Crate Factory is: “If it is used by
a shipper we have it.” This means
that whether it is paste nails
labels crates baskets citrus boxes
or anything else used for shipping
fruits or vegetables they ha vs it
on hand for their customers. Afid
relative to nails for instance the
Valley Box & Crate Factory is the
largest user of this one commodity
in south Texas.
Another important feature which
they lay particular stress on is
their delivery service. During the
shipping season the Valley Box &
Crate Factory never closes the
doors of their vast establishment.
It is just as easy for their custom-
ers to get a load of material del-
ivered at one or two o’clock in the
morning as it is in the middle of
the day.
The warehouses and sheds com-
prising the holdings of the Valley
Box & Crate Factory extend over
more than six acres of ground
space with paved roadway reach-
ing to all buildings and loading
stations. With 150 to 200 men em-
ployed in the various departments
of this industry during the ship-
ping season the benefits derived
by the different communities which
it serves are vast and far reach-
ing.
Although H. E. Agar the founder
of the Valley Box & Crate Factory
still has the active manager of
the company his son Asa S. Agar
as his assistant still carries out
the same principles on which the
business was built.
Resaca Deepened In
BeautifyhfiTProject
The suctionylfredge owned by the
city of BrowifsviHe is rabidly deep-
ening the v: y resaca nelr the 18th
street creasing as part fi the beau-
tificationr and park program of the
R. F. C. labor is Jfleing used and
the sediment' brought up by the
dredge is beipg/used to build a
roadway and park space along the
east side of the resaca.
The work will continue on
through the summer.
ARTHUR HIPP RECOVERING
Arthur Hipp who underwent a
major operation Friday at Mercy
hospital is reported as resting easi-
ly by hospital attendants.
FflTHOtS
‘□DflV
* ;
Sunday June 18 will be ob- i
served as Father’s Day
throughout the Nation. He
j has had some trying days the
past year and it’s up to you
•to offer cheer.
I
j
.
Dad will appreciate a gift
bearing the Dorfman label of
quality.
GLADSTONE CASES
STRAP WATCHES j
CIGAR LIGHTERS
CIGARETTE CASES
BUCKLE SETS
In fact hundreds of selections
from $1 up.
lley3 Finest
ELIZABETH ST.
'B R OWN SVILLE .TEX.
j
Citrus Shippers Attention
The
/
1933*34 Shipping Season Will Soon Be
Here and When You are Ready
to Order Your
CITRUS BOXES
We Would Like to Figure with You
We are in position to supply you with any
standard box made of Yellow Pine White
Pine or Gum—in any quantity.
We Also Carry a Complete Stock
We S juiries
Valley Box and Crate Factory
Donna — San Benito — Mission
HALFDOLLAR
PEES WILL
HONORTEXAS
WASHINGTON. June 10. (JP)—
The senate bill to authorize issuance
of half dollar pieces tp commemor-
ate the hundredth anniversary of
the Indepnedence of Texas was
passed in the house today and sent
to the president.
MEMORIAL MUSEUM
TO BE BUILT
AUSTIN June 10. (JP)—Coinage of
new half dollars for Texas’ one
hundredth anniversary of its inde-
pendence was proposed as a part of
the plan of the American Legion
Texas Centennial committee to erect
and equip a mammoth memorial
museum.
In order to finance such a project
the committee requested Texas
members of congress to introduce
the coinage measure. Cong. Wright
Patman introduced a bill in the
house for 1500000 silver 50-cent
pieces and Sen. Tom Connally sub
mi tted a like bill in the upper
branch.
The centennial committee made
plans to sell the coins for $1 each
which it was estimated would re-
sult in a net profit of $750000 all
of which would be used to perfect
the museum. In the museum the de-
partment offices of the American
Legion and the American Legion
Auxiliary would be housed.
The memorial was planned as a
gift by the Legion to the state Of
Texas as an enduring contribution
to posterity.
Tentative provisions called for a
museum in which compartments
would be arranged for every post
and every county of the state and
where articles of historic value
trophies relic and specimens of ani-
mal life would be assembled.
Burglars Get Candy
Cigarettes Coffee
(Special to The Herald)
HARLINGEN. June 10.—Burglars
who broke into the Delta Coffee
Co. on Monroe St. Friday night ap-
parently did not like their cigarettes
in cartons so they emptied the
packages out of some 70 cartons
into a sack or other container.
Besides the cigarettes the bur-
glars got candy coffee and three
100-lb sacks of cereal. This is the
second burglary of this place with-
in a year.
A lot of people here in town
arc finding for the first time
how fast cheap and friendly
it is to talk to out-of-town
folks by telephone.Triedit?
.10 Grande
Valley
(3| Telephone Co.
E. E. MOCKBEE Mgr.
“PROTECTION”
here means the ultimate in safety and
guarding thought. As a matter of the First
protection start banking HERE from now on l »
Capital Stock
and
Surplus
$315000.00
State
National Bank
i
Browns vile Texas
She Uroumsotlk HcralD
Has Been the Valley’s
Most Popular Daily
Newspaper for More
Than 40 Years
Only Direct Leased Wire News Service in
the Rio Grande Valley
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The Brownsville Herald (Brownsville, Tex.), Vol. 41, No. 292, Ed. 1 Sunday, June 11, 1933, newspaper, June 11, 1933; Brownsville, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1394582/m1/4/: accessed July 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .