The Brooklyn Daily Eagle from Brooklyn, New York • Page 1

DAE BROOK Fair, slightly cooler tonight. Friday fair. Fresh southwest to west winds. Tmprature. 12 M.

lEtgle Station. 57 Yr-ar ago (partly cloudy) 54 Mesa average 10 years, tame date. .54 Complete Report on Pan 2L VALL GTwZZT 3:30 P.M. A V- TICKER a And Complete Long' Island ws 89th YEAR No. 295.

NEW YORK CITY, THURSDAY, OCTOBER 24, 1929. 44 PAGES THREE CENTS rOCLJ RALLY AFTER ORST IR A TTEMPT IS MADE TO KILL PRINCE HUMBERT OF ITALY ATTEMPT MADE ON LIFE FEAR 52 PERIS 1 CAUGHT BRUSSELS SVlUB High Duty Group Gave $700,000 to Hoover's Drive Lamont Is Optimistic On Wall St. Outlook After a conference at the offices of J. P. Morgan at which were present Charles E.

Mitchell, chairman of the National City Hank; AllM-rt II. Wijrgin, chairman of the Chase National, and W. C. Potter, president of the Guaranty Trust Company. Thomas W.

Lamont, a partner of J. P. Morgan met scores of newspapermen gathered there. He said: "We are not going to give out a statement. There seems to be some disturbed selling on the Stock Exchange, so far as we can see, and we had a meeting of the heads of several institutions to discuss the situation.

So far as we can find there are no houses that are in difficulty and reports from brokerage houses indicate margin position is satisfactory." He added that he regarded it as the concensus at the conference that a great many quotations did not set forth the situation fairly because of the numerous air pockets which sellers found in many stocks where there were not many bids. He continued: "We considered the situation which arose on the floor late Wednesday afternoon and today more in (he nature of a technical situation rather than a fundamental one." I If FOR MORE LOBBYISTS Hope and Tragedy Meet On Floor of Exchange Grundy Raised Fund After Protective Tariff Plank Was Placed in Platform. Lauds Eyanson; Says U. S. ShouldTrain Lobbyists.

Eagle Bureau, Colorado Buildtnf. By HENRY SUYDAM. Washington, Oct. 24 Jo seph R. Grundy of Pennsylvania, president of the Penn sylvania Manufacturers Association, vice president of the American Tariff League, raiser of $700,000 for the Hoo ver campaign of 1928, today bestowed the accolade of su preme "Big Business" appro val of Charles L.

Eyanson, agent of the Connecticut Manufacturers Association, Please Turn to Page 39. Resembles Clash on Football Field, With Bulls Holding for Downs While Bears Fiercely Crash the Line Pathetic Scene as Shabby Old Man Scans Tape. Sparks of drama, hope and tragedy in a panorama of fortunes won and lost, but mostly lost, flew off the Stock Exchange and financial district today as violent falls followed the drastic losses of yesterday. The Exchange was a bed- WRECK OF PLANE Judge Raps Dropping Of Dry Agent Drunk Case Gresser to Probe Dismissal of Charges Against Francis X. Duane Patrolman Says Complainant in Court Before Defendant Called Intimates Money Passed.

While curtains were descending on the Prohibition enforcement career of Dry Agent Francis X. Duane, MagUirate Lawrence T. Gresser announced today that he would begin an investigation at once into the "unusual conditions" under which the dry, agent walked lam, though .1 bit restrained as the men wno play tne money game took their gains and losses tight-lipped. The air was charged. At the rate of trading more than 16,000,000 shares stood to change ownership before closing time.

Well of Noise. Two thousand brokers and agents, 1,000 phone clerks, all gesticulating, barking orders over phones, sent up a well of noise from the floor, punctuated by the eerie squeaks of chalk against the blackboards and the staccato tat-tat-tat of the tickers. The floor was alive with a wilderness of humanity. Men clustered about the tmding posts like bees on honey. Jamming aisles.

There was scarcely room to pass. Reporters elbowed their way through, moving swift as lightning. The floor began to get white with notes and paper. The roar increased. Here there was a huddle of brokers some financial wizard plotting a forward pass.

Then the lines were carried backward. No one was moving forward. The monetary football clash was on, with the bulls holding for downs and the bears fiercely crashing the line. The huddle then melted away. A man here mopped his brow and hurried bnck to the trading past.

Another stood by, colossally aloof even in that milling crowd, watching the, pulsing movement of it. There was a charged calmness In his features a towering Impersonality. Maybe he was the coach who has trained his men these many weeks for this money-mad moment. Lull Comes in Roar. There was a momentary lull In the roar, and during it a great derrick outside the window, like some modernistic dinosaur, snorted dcrl- rirase Turn to Page 2.

TIDE SWINGS UPWARD TO CHECK P1IC Sales Exceed 10,000,000 Shares as Ticker Runs Far Behind Exchange. Street went through another speculators' panic today, when stocks already low, crashed to unbelievable levels. They rallied when Thomas H. Lamont, representing J. P.

Morgan and the leading bankers of the city, ascrloed the reaction to technical rather than fundamental ronilitinns and found that no financial houses were in difficulty. During the hectic selling which broke all records and exceeded 12,000,000 shares, the Federal Reserve Hoard of New York was In special sessions to discuss the situation and the advisability of ering the discount rate. Previous panics In the stock market have been accompanied by bank panics, but not this one. Call money was in abundant supply at 5 percent, and rates on bankers acceptances were reduced. The Federal Reserve System, It was pointed out, was designed la aid banks when distress came, lint had nothing to do with the stock market.

The warnings of the System earlier In the year were recalled, however. Millionaires were hurt almost a much as "the small traders. Wheat crashed 13 cents a bushel at Chicago, only to rally. Cotton and other commodities acted In similar fashion. On some of the slock exchanges throughout the country, stocks were bought and sold on a rash basis only.

AHohugh the rally was brisk, the close saw many stocks down sharply on the day. Stocks rallied swiftly in the uUcv noon today. The rally followed an assuring statement by Thomas W. Lamont of the firm of J. P.

Morgan Co. Before the rally set in stocks had been dumped overboard in iiectiu fashion regardless of cost or alue. Mora than 10,000,000 shares wero dumped Into the Exchanse up ta 1:30 p.m. Banking support appeared In thj latter part of the morning, but was overpowered for a time. In tli i rally S.

Steel had re j-'ered 1J points to above 206, American Can to 163, Radio 15 to 61, 20 to 184 and General Motoia 5 to above 54. Tape Two Hours Late. The Federal Reserve Bank directors were In several special sessions during the day and were expected to make a statement at 3:30 p.m. At 2 o'clock the tape was mora than two hours late. During the nay there were various rumors that the Curb and New York Stock Exchange would close to stop the decline, but they were denied and no action was taken.

From Baltimore and Chicago came word that brokers there wera buying and selling only on a cash basis. Stork are normally sold on a basis which calb for delivery and payment the following caution about cash buying was thu suspicion that some firms were insolvent. In the early afternoon word went around that Jesse L. Livermore, a big bear operator, had been buying stocks. He confirmed this with thrt statement that he had been buying all morning.

Many Rumor Afloat. The Street was filled with rumor that the Federal Reserve Board would make a reduction in the discount rate immediately. It wai pointed out. however, that only the speculators were in a panic. Hint ths banks were not.

The Federal Reserve as dtf. iuei to aid bunks when In distress, bus they are not in distress, and tas Reserve had little action to take. Money was in abundant supply, but Please Turn to Page 2. 10 ARABS SENTENCED TO LIFE TERMS FOR PALESTINE MASSACRE Jerusalem, Oct. 24 (Tv Ten Arabs were sentenced to life Imprisonment today by the courts at Haifa for participation in the recent disor-dm at Safed In which many Jews were killed.

THE EAGLE INDEX Fair. Ttatin CImiISiS Adi Rralh NMIm, lo, oonJ tl r.itllorlill ralurfl F.ninrl.l -U UhinS II II Novel, X.lia Itwl I.Utr shin SMIrtV Spurt thrklfm. aim Jim Oralh.r Homtn'i t4ie Is tONQ ISMNU NtWS IN I OIIIOM. IN LUKE FERRYJSMISSING Wreckage Picked Up Indicates Craft Went Down With All Aboard. Milwaukee, Oct.

24 C4 Hope that the car ferry Milwaukee of the Grand Trunk fleet, with 52 aboard, had weathered the 48-hour storm on Lake Michigan faded today with a report that wreckage from a boat had been picked up 10 miles off Wind Point, which is about 4 miles north of Racine. Capt. Ray Hayward of the steamer Colonel told Grand Trunk officials here that he sighted empty lifeboats, mattresses and the upper parts of a white cabin, floating in the lake off Wind Point. The upper part of the Milwaukee was painted white. Some of the wreckage was picked up by the Colonel, but none of it carried any markings to make identification certain, Captain Hayward said.

Freighter Donaldson Safe. Superior, Oct. 24 The freighter Donaldson, overdue here since Tuesday night, arrived this morning from Apostle Islands, where it had put in to await abatement of the storm which swept the Great Lakes. The Donaldson, was loaded with coal. 23 Rescued on Lake Huron.

Sault Ste. Marie, Oct. 24 (P Twenty-three seamen and offi cers of the stranded steamer Maple Court of the Canada Steamship Lines were rescued by a Coast Guard cutter at 4:30 a.in. today from their vessel, which has been hard aground on Magnetic Reef, Cockburn Island, in Lake Huron, since 4 a.m. Sunday.

Waves Pound Ship. The Maple Court was reported to be in "very bad shape" by members of the crew who reached Detour this morning. The ship, they said, is wedged on a rock and being severely pounded by the waves. Neither Capt. M.

Staulkes, the commander, nor any of the rest of the crew suffered from their three-and-a-half-day battle with the lake. The Coast Guard cutter which rescued the crew of the Maple Court set out, after leaving the steamer at Detour, for the 432-foot ore carrier Please Turn to Page 2. NEW IRREGULARITIES ARE FOUND IN PROBE OF CITY TRUST HERE New evidence of irregularities and defalcations, described by officials as "startling," entered the investigation of the defunct City Trust Company wrecking today when the Brooklyn Grand Jury, under Assistant District Attorney Goldstein, began an examination of records of the Graham ave. branch of the wrecked bank. The Jurors, it was learned, will follow the new leads in an effort to determine who Is guilty of newly discovered crimes and return indictments against them.

AIMEE M'PHERSON FACES JURY QUIZ ON SECRET BANK FUND Los Angeles, Oct. 24 (41) Aimee Semple McPherson, pastor of An-gelus Temple, was under summons to appear before the Grand Jury today with the books of the Echo Park Evangelistic Association for questioning about an alleged secret bank account, said to exceed 000, which she maintained under the names of "Elizabeth and Ruth Johnson." Mrs. McPherson and her secretary, Harriet Jordon, were subpenaed in connection with an Investigation Into charges of the Rev. John Ooben, dismissed assistant pastor of the Temple, that the evangelist had converted to her own use funds belonging to the church. DOG TALKIE STAR KEEPS SILENCE IN AUTO STORE WRECK Sonny Boy, dog star of an "all-talkie movie," stepped out of the wreckage of a clRar store and an automobile at 402 4th shook cigars and cigarettes from his ears and refused to speak for publication.

It was a real accident lat night. in which three persons narrowly escaped serious Injury. His silence was emulated by two other occupants of the car, Mrs, Margaret Dodge. 30, the driver, and Franklin John Ryan, 31, of 244 Williams the pedestrian endangered In the accident, told the story. Mrs.

Dodge swerved the car to avoid hitting Ryan and the machine's momentum drove It on the sidewalk, through the window and showcases of the cigar store. Royal Suitor Was About to Lay Wreath on Unknown Soldiers' Tomb. Princess, Deeply Moved, Falls Into Fiance's Arms and Kisses Him Brussels, Oct. 24 (P) Crown Prince Humbert, after his return from the Unknown Soldier's Tomb where he escaped assassination, was receiving members of the Italian colony when his fiancee, Princess Marie Jose arrived. She hurriedly ran to him and fell in his arms, kissing him passionately.

The pale complexion of the Princess indicated how deeply moved she was by the attempt on her nance's life. The Prince said: "All's well that ends well and I have myself informed my mother that nothing happened to her son." Brussels, Oct. 24 (JP) A shot was fired r.t Crown Prince Humbert of Italy at 9:45 a.m. today i.s he wps about to lay a wreath upon the tomb rf Belgium'? Unknown Soldier. The Prince arrived here yesterday to celebrate his betrothal to Princess Marie Jose if Belgium.

The assassin was believed to be an Italian war veteran. 1 The driver of a motorcycle which, had preceded his automobile to the tomb threw himself at the assailant as he fired and knocked his hand down, causing the shot to strike the ground. The Prince was not injured. Attempt to Lynch Assailant. Police and gendarmerie arrested the man immediately.

The crowd took a minute to realize what had happened and then attempted to lynch the man. The officers were hard put to keep him from the mob. The Brussels newspaper Independence Beige faid this afternoon that the police had arrested a second Italian who gave the name of Louis Di Pascale. This man was also to have flrcd a shot at Crown Prince Humbert. The Criminal Court issued a warrant for the detention of De Rosa on a charge of attempted assassination.

Three Italians who were arrested after a recent demonstration against the Italian Embassy have been remanded in custody. The Crown Prince and the notables who had just welcomed him to the tomb of the Unknown Soldier nretended not to notice the disturbance and continued with their eeremonv. King Albert, upon being told at tiia noiap what hurt im mediately proceeded to the Italian Tmbassy and expressed his regrets. While the crowd rushed and milled about in their excitement the cere Please Turn to Page 3. 2 CHINESE ARMIES WAGING BATTLE 100 MILES FROM HANKOW Hankow, Oct.

24 (fl) Continuous but indecisive fighting between the Nationalist forces and the rebellious Kuominchun or "People's Army" was in process today throughout that portion ot Honan Province west of the Kinhan Railway. The opposing armies appeared to be facing each other along a north and south front, SO miles west of the railway, whereas two days ago they formed an east to west line. At their nearest point the Kuominchun forces still were more than 100 miles from Hankow, their apparent objective. GERMAN CHEMIST PLUNGES TO DEATH AT SAVOY PLAZA Dr. Otto Matthies, Berlin chemist, who was here on a visit, was kilted about 8:30 o'clock this morning in a fall from his room on the 16th floor of the Savoy Plaza Hotel, 5th ave.

and 59th Manhattan, to the roof of an adjoining 4-story extension of the hotel. It was believed that Dr. Matthies had been looking out of his room window and, unaccustomed to great heights, became dizzy and fell out. CAROLINA HOTIX. Fllt'harat, N.

C. pf na Oct, 29. Thoughtful aervlea, tempting menus. rraou tor golf, riding, etc. Ad.

PRINCE UNHUR Crown Prince Humbert. HOLLYWOOD FIRE SF Consolidated Studios in Ruins; Unknown Man Killed in Rush of Flames. Hollywood, Oct. 24 () One man was killed and motion picture films, the value of which probably will run into millions of dollars, were lost in an explosion and fire which destroyed the laboratory of the Consolidated Film Industries here early today. Fifty persons working in the building at the time of the blast ran to safety after the first explosion.

Five minutes later there was a sec ond detonation whicn shot flames through windows and doors, the laboratory workers escaping by the narrowest of margins.1 The body of Albert Lund was re moved from the wreckage by firemen. He died on the way to a hos pital. Due to the fact that the master films of several new motion picture productions were in the building, it was impossible to get an accurate cs timate of the carnage pending a survey by producers. Early estimates Of the loss ran as high as $55,000,000, but Fire Department and film com pany officials said initial estimates probably would be greatly reduced. due to the fact that some of the celluloids apparently had not been damaged Among the films known to have been in the building were "Hell's Angels," valued at "The Taming of the Shrew," produced by Douglas Fairbanks, value not given "Trespassers," an all-talking pro duction, and "Rio Rita," a talking- singing film.

Getz Withholds Comment, Ben president of the Con solidated Film Industries, declined to make any statement regarding the loss of films pending complete investigation. William LeBarron, vice president and general manager of Radio-Keith productions, said he believed the first few days' filming of one of his company's most costly productions had been in the building. The structure itself was valued at $400,000. Film cutters told of many feet of film lying loose on the floors of cutting rooms, which they had not time to gather up. The fire spread through the structure rapidly and five minutes after the initial explosion had warned workers of danger, a second occurred, which shot flames through windows and ignited several automobiles parked in front of the laboratory.

The interior of the building was wrecked, partitions were blown down and some sections of the outer portion of the structure fell away, but the four main walls remained stand ing. Fire fighters succeeded in keep ing the flames away from the Famous Players-Lasky Studio on one side and the studio of Radio-Kelth- Orpheum productions on the other, Gastonia Jury 0 IMS WORTH MILLION U0SEPH GRUNDY SI PLACED ON RAIL 2 Negroes Admit Scheme to Collect Insurance for Loss of Machine. New Albany, Oct. 24 (if) An alleged plot which would have in volved President Hoover's- special train in a wreck with a heavy sedan five miles north of here, was thwarted last night by three men who removed the obstruction from the Baltimore and Ohio tracks about an hour before the train arrived. The train was halted for 18 min utes while secret service men and railroad detectives started an inves tigation which resulted several hours later in the arrest of two Negroes who confessed, according to officers, that they placed the automobile on the tracks in a plot to collect dam ages for its destruction.

Engineer Stops Train. The sedan was planed on the tracks on a steep grade and was discovered by Enoch Keller, a Ne gro, who had gone to the crossing in the hope of seeing the President as his train passed. neiicr called Edward Hopson, a farmer, and the two, with the as sistance of a motorist, George Weir of Jeffersonvllle, removed the machine. The Hoover special, however, was stopped some distance down the track, and the Becret service men and railroad detectives disembarked. They called in Government and lo- Flease Turn to Page 3.

KIDNAPED BOY RETURNED AFTER $25,000 PAYMENT Detroit, Oct. 24 (P Jackie Thompson, who was kidnaped from in front of his home on Sept. 30, was returned unharmed to his parents, Mr. and Mrs. Henry S.

Thompson, last night. Police said Thompson paid $25,000 for his son's release. Two men and two women are being held In connection with the kidnaping. They are James Fernando, 39; his wife, Anna, 23; Emll Saove, 23, and Mary Dagaunno. 19.

The two men are charged with kidnaping and the women are held for investigation. The ransom was paid the kidnapers yesterday. Thompson had driven to a street corner where two men received the money and left, telling Thompson to return later and get his boy. Twenty minutes later police raided the Fernando home, where Jackl'j was found. HOOVER AUTO Today's News LIKE DITEIN'S Radio Message Picked Up by Ship Not Verified by Canadian Owners.

Harbor Grace, N. Oct. 24 0T) A radio message from "Operator Scrrlck" of the 8. S. Kyle today advised that he had picked up a Marconi message from the 8.

S. Scythla that another ship, name unknown, had discovered a piece of airplane wreckage at 2 p.m. yesterday. The wreckage was black and orange. The message did not give the ship's position.

The S.S. Kyle is presumably the Newfoundland Government ship of that name. The Scythla, when she relayed her message, was several hundred miles east of Cape Race, in the Northern shipping lane. The Scythia is due in Boston Sunday or Monday. The little plane In which Urban F.

Dlteman essayed to cross the Atlantic from Harbor Grace to London had a black fufclage and its wings were painted orange. St. John's N. Oct. 24 (By the Canadian Press) The report from Please Turn to Page 2.

Fleer, wile of boro real estate man It never Just ralnss troubles for William Friedman, who becomes father of twins and has $1,500 stolen on same day. Goldstein brothers, bankrupts, doubly sentenced for or.e ifrensj. Concealing assets an contempt of court In refuting to end concealment Brook tyn celebrates anniversary of battle Island Berlin Mavor starts back home, impressed by niag-r'tude of America. Boy Scout drive hits $140,000. Goal, $250,000 New lower courts building is started with laying of cornerstone.

Cornerstone of Justice, of course It's the new subway building that akes downtown Brooklyn not so neat and clean. Dealer In black diamonds a contributor to Enrlght's Square Deal party campaign fund Joseph R. Grundy tells lobby Investigators Pennsylvania high tariff group gave $700,000 to Republican rampaiKii chest In 1924 Five-year-old boy, kidnaped Kept. 30, Is returned safe to Detroit home. Arthur S.

Somers, member of Board of Education, becomes a bank president Court rules that MonJar Industries stock must not be sold. Too much selling of stocks today, as It is Canine actor In all-talkie is all-silent after accident Girl, 10. loses 8 pounds worrying over disappearance of pet Pomeranian William M. Oreve sells Castle View Lass and Prudence, famous blue-ribbon winners. Dr.

Otto Matthies, German chemist, leaps to death from Savoy-Plaaa Hotel "Unusual conditions" under which Dry Agent Duane escaped charge of driving while intoxicated Intrigue Magistrate Gresser Albert Ot linger who was beaten for Governor, will speak tonight lor IiUuardla. who, they say. will be beaten for Mayor. REPORTED FOUND out of the Flushing Court Tuesday without a complaint charging him with driving while intoxicated being pressed. The court records show that the action was dismissed because Ulrich Hrubant of 43-16 74th Elm-hurst, who signed the complaint against Duane, failed to appear at the arraignment.

Patrolman Max Mergenthaler of Traffic who made the arrest at Hrubant's insistence, today informed the Eagle that he had not only been prepared to testify that the dry agent was drunic when the arrest was made but that Hrubant had appeared in the court Tuessday morning to press the charge only to be persuaded not to when Duane shoved "a roll of bills" into his hand. "Duane was waiting for Hrubant In the corridor outside the courtroom," said the policeman. "When the man was about to enter the complaint room to make out the complaint Duane asked him, 'What do you want out of this, Says Agent Paid Money. "Hrubant's machine had a fender dented when Duane's car ran into it Monday night, and Hrubant said he wanted his machine fixed. Then the agent pulled a roll of bills out of his pocket, peeled some of them off and put them in Hrubant's hand, and asked him if that would be enough.

Hrubant took the cash and walked out of the court." Later on the court crier three times called the names of the complainant and defendant. Duane answered each rollcall, but Hrubant wa3 missing. Then Magistrate Ores-ser ordered the complaint dismissed. Meanwhile, Maurice Campbell, Prohibition administrator for New York, had instituted an investigation into the charges of driving while in-toxicated brought against his subordinate and also into the finding of Please Turn to Pare 39. Clears Nine pursued them.

She was struck by one bullet from a fusillade fired at the strikers after the truck in which they were riding collided with a passenger car. The Coroner's Jury had held nine men to the Grand Jury as a result of testimony given at the inquest, although the Jurors were unable to say who had fired the fatal shot. The flogging cases in which seven men were held, resulted from the kidnaping of Ben Wells, C. D. Baylors and C.

Lell from a boarding house here. Assassin's shot misses Prince Humbert of Italy, in Brussels on errand of love. Marriage with Princess Jose Marie will go on, nevertheless Hollywood has a $50,000,000 fire, but worst of the films are not destroyed Woman bank examiner testifies against Frank H. Warder, her former boss. The stock market has another terrfiic drop, tlwn a terrlfl rally.

Billions Ion end gplned The weather: Fair toni'jht and tomorrow. Somebody offers to solve New York's traffic troubles for a billion dollars. Seems cheap on any subway between 8:30 a.m. and 9 Coast Guard cutter rescues 23 from stranded Canadian ship on Lake Huron How pure are the colleges which Carnegie committee found to be without football scholarships! The others are also pure, they explain, in their fashion. Mrs.

Julia Delaf.eld. whose grandfather signed the Declaration of Independence, dies ai Greenport, aged 84 Sewer question rises again to plague Queens. Harvey pays for sewer pipe twice as much as did the convicted Connolly, says Cox, Harvey's opponent. Hoover continues toward Washington. Attempted wrecking of his train falls to disturb him More disturbing is tariff tinkering In capital Ten Arabs given Imprisonment for Jerusalem riots New French Cabinet waits outcome of Radicalconvent Ion Hope given up for U.

F. Dlteman, flying cowboy. Wreckage found of yellow-back plane may be his. Largest plane, that can led 169 passengers, may try transatlantic crossing Japanese biologist finds a way to change racial traits. What will the race superiority complex do then, poor thing? Reno divorce to Mrs.

George H. tit A Willi $1 VI II vsutvi ila. N. Oct. 24 All i route to a meeting In Gastonia snd N.

Oct. 24 All Gastonia, men accured in connection with the killing of Mrs. Ella May Wiggins, and the kidnaping of three National Textile Workers Union organizers as a result of mob violence here during September, today were freed by the Oaston County Grand Jury. The Jury refused to vote "true bills" In connection with 18 bills of indictment presented to them yesterday by Solicitor John O. Carpenter.

Mrs. Wiggins was slain when a mob turned back a truck load of Bcsmer City cotton mill strikers en.