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

Brooklyn daily WALL STREET CWSISC PRICES it it it it 92d YEAR No. 10 ENTERED AT THE BROOKLYN POST-OFFICE AS 2D CLASS MAIL MATTER. NEW YORK CITY, WEDNESDAY, JANUARY 11, 1933 34 PAGES THREE CENTS THE WEATHER II S- Weather ftvrfan LIGHT E.UN AND roMIFR TONIGHT; TOMORROW FAIR. T'nptratnre -i Ttr A tClcmr) Mf Avtrxe 10 Yesri Rime Dt Complete Repart rait 15 Eagle Convicted Man Is Exonerated By Confessions in Igoe Holdup Norbeck Links JAPANESE ROUT FOE, ENTER JEEOL Exchange With Kreuger Deals Pincliot Would 'Whip' Senator For 'Slander' Causes Furor in Senate in Demand orApology for Attack on His Wife Says It Knew Poor Collateral Was Put Up for Match King Stock 4 BROADWAY FAVORITE NOW A MOTHER Chinese Defenders Put to Flight as Enemy Enters Through the Great Wall-l 0,000 Other Invaders March Into Area From Suichung i if 1 ft J) Washington, Jan. 11 The charge that poor securities were substituted as collateral on Kreuger and Toll securities sold in the United States, with the approval of the New York Stock Exchange, was made by Chairman Norbeck today at the reopening of the Senate stock market investigation.

Several stock exchange officials were called to testify, were called to testify. It was brought out tha the substitution of Hungarian for French bonds as collateral was not known by the Exchange until after Kreuger's suicide. The spacious marble-lined committee room was nearly filled as Chairman Norbeck called the hearing to order. The inquiry Into flotation of Kreuger and Toll securities was intended to bring to light new phases to the mysterious operations of the I IT A A Av- i I 1 I ir 1 Harrisburg, Jan. 11 W) Business was momentarily paralyzed In the Senate today as an irate Governor demanded and obtained an apology for what he termed "a dastardly attack" on his wife.

With the fall of the gavel which opened the session, Governor Pin-chot requested an immediate hearing to answer remarks which Senator George L. Reed of Harrisburg directed at Mrs. Pinchot In a speech Monday night. When he appeared a few minutes later Pinchbt told the Senators the laws of the State prevented him from taking the punishment in his own hands. "I cannot properly horsewhip a Senator, however much I desire to and however much the Senator may deserve it," he said.

The Reed remarks expunged from the Senate records Immediately after they were made are "unqualifiedly false," the Governor asserted. "The honor of the Senate," he added, "demands action more direct and more effective than the mere expunging of the lie from its records." "I demand that you require the slanderer to produce his proof or make public reparation," he declared. "The Senate has disciplinary authority and power. The course which is demanded of you by the good name of the commonwealth should be clear before you. I bid you good day." Business Suspended As the Governor departed the legislators suspended business to permit Senate leaders to confer.

Eeed Joined the group. The Senator took the floor on a question of personal privilege as the Senate resumed its session. "As far as any remarks relating to Mrs. Pinchot in my address on Monday night are concerned," he said, "I regret they were made and tender the Senate my apologies. "I further state that my remarks were made upon my individual responsibility and without consulting any member of the Senate or any one active in the Republican party." The Senate, after briefly applauding Reed's retraction, settled down to the normal routine of a perfunctory session.

Stocks Top Level Of Mid-November ii rmi'i iiiiiinr Mrs. Libby Holman Reynolds. William Shea, Jack De Meo and Frank Pechi are shown from left to right, seated in the office of the Brooklyn District Attorney. Behind is Defective George Seelandt, who captured them. President Asks Change in Laws To Aid Debtors Urges Speedy Action by Congress to Curb Forced Foreclosures Washington, Jan.

11 (T) In a second special message to Congress iti as many days, President Hoover today made a plea for "emergency action" in revision of the bankruptcy laws in order to avoid present-day wholesale forced foreclosures. The President asked specifically for an immediate alteration of existing law to facilitate the "relief of debtors who seek the protection of the court for the purpose of readjusting their affairs with their Binding on Minority Opportunity would be given debtors to arrange a settlement with a majority of their creditors, this to he binding upon the minority creditors. Present processes of forced liquidation through foreclosure and bankruptcy sale, Mr. Hoover said, are proving "utterly destructive of the interests of debtor and creditor alike." "If allowed to continue," he said, "misery will be suffered by thou- Please Turn to Page 2 School Girl's Record Poor, She Vanishes Julius Kukta of 128 Division Ave. has appealed to the police of the Missing Persons Bureau to find his daughter, Marguerite, 15, who has been missing from home since last Wednesday.

The girl was a pupil in Public School 166. Recently her class record had been poor. Peiping, Jan. 11 (IP) Jap anese troops have put the Chinese defenders to flight and are in complete control of Chiumenkow, "The Pass of the Nine Gates" through the great wall into Jehol, the Japanese legation announced this evening. Foreign military observers her were inclined to regard this action as less decisive than it appeared.

They interpreted it as a purely defensive measure designed to pro tect the Japanese force which occupied Shanhalkwan last week front a possible flank attack. The Chiumenkow Pass is 12 miles north of Shanhaikwan. Also, these "observers said, it la only one of a number of passes leading Into Jehol, with which Chang Hsiao-Liang, the North China commander, still can maintain contact. General Mlyakc. commanding th Japanese force, announced through the Japanese press that he intends to keep the pass closed, but that he does not Intend to advance inside the wall into China proper.

10,000 Troops March In Shanghai, Jan. 11 (Pi Chinese dispatches said today that 10,000 Japanese soldiers were marching into Jehol, headed for the city of Lingyuan. The attacking force included ar-tlllery and cavalry marching from Suichung, north of Shanhalkwan, which is in the hands of the Japanese. Lingyuan is in southern Jehol. These dispatches, which were not otherwise confirmed, said also that a Japanese landing force had been put ashore at Chlnwangtao, a seaport not far from Shanhaikwan, ana was patrolling that vicinity.

Chinese Turn to League Meanwhile the National Government at Nanking reiterated that it will not accept the Japanese suggestion that the capture of Shanhalkwan be treated as a local incident, but will insist that the affair be considered a part of tha whole Chinese-Japanese dispute awaiting settlement bv the Lentud of Nations. Liu Tsung, first Vice Minister fop Foreign Affairs, hns bee sent, tn Peiping, ostensiblv to inform r.han Hsiao-Liang, the North China mili tary cnier, of the government's attitude, and to represent the government in the North China crisis. Lincvunn. said to be tho nhwtiim of a Jnnanesn marrh Intn i a little less than 100 miles nor'th- Plea.se Turn to Page 2 $50,000,000 N.Y. Notes Sold The State Of New York torin sold $50,000,000 of one-year notes.

Dealing a 1 percent Interest rate, to a group of institutional investors. The interest rati was the loupsh ever paid by the state for a loan. Controller Morris S. Tremaine allotted the notes to banks and banking houses at par. A heavy oversubscription was reported, says th Associatca rrcss.

Mrs. Coolidge Pension Sought Washington, Jan. 11 (P) A pension of $5,000 yearly for Graca Goodhue Coolldge, widow of tha late former President, was soughS today in a bill introduced by Senator Warren R. Austin iR Twin Arc Horn To Grandmother Special to The Eagle. Glen Cove, Jan.

11 Mrs. Joseph Hartley, 43, gave birth on New Year's Day to twins her 13th and 14th children. Yesterday she became a grandmother for the fourth time. A boy was born yesterday to Mrs. Walter Bishop, one of her daughters.

It is Mrs. Bishop's second child, the other being a boy. Another of Mrs. Bnrtley's daughters has two children. Mrs.

Bartley, the former Lillian Farmer of Roslyn, Is a member of a family of nine children. Her husband is one nf 18 children. Both the Bart-levs and the Bishops live in Burns Ave. Libby Reynolds Baby Is Placed In Incubator Mother and 3 M-Pound Heir to Tohacco Fortune Arc Doing 'Well' Philadelphia, Jan. 11 OP) Libby Holman Reynolds' new baby boy, Dr.

Norris W. Vaux, who attended her, said today, weighed three and one-half pounds at birth and is being kept In an incubator. Both mother and child, said Dr. Vaux, are doing "very well." Dr. Vaux added that Mrs.

Reynolds Is not at all worried about her premature baby, which will be kept in the incubator several weeks. The incubator is a variation of the general type, hospital authorities said, and is technically called a "hot-bed." It is said to be an invention of the Pennsylvania Hospital. In appearance it Is somewhat like a baby's crib, enclosed in glass and metal, while" under the sprinus of the bed are carbon lamps which control the temperature and maintain it at about 98 degrees. Birth a Surprise It was learned that most babies at birth there are placed in "hotbeds" for varying lengths of time. Mast are removed to regular cribs within 24 hours, the-length of time depending on the Individual need.

The child was born at 6:48 o'clock last night in the Pennsylvania Hospital and came as a surprise to outsiders for previous announce- Pleasc Turn to Page 12 Senators Back Arms Embargo Washington, Jan. 11 Of) To meet President Hoover's request, the Senate Foreign Relations Committee today favorably reported a resolution authorizing the Executive to place an embargo on arms to nations at war or threatening war. Mr. Hoover requested such authority in a special message to Congress yesterday, in event ratification of the 1925 Geneva convention to suppress the arms traffic was impossible. Chairman Borah said it was preferred to take the other course.

Consirirerable opposition has been voiced agninst the Geneva pact. late Ivar Kreuger, Swedish match king, who headed the giant financial empire and killed himself. Before calling witnesses Norbeck said he had been informed that ''bonds of Kreuger and Toll were Issued on collateral, with a written agreement providing for substitu tion." "The usual phrase, 'substitution of securities of like was not used, but the substitution of par value was used," he continued. 'Poor Security Used "Good security was taken out and poor security substituted. "The value of the bonds has gone down to almost nothing.

"This substitution was approved Please Turn to Page Einstein, in Learns About Earth Pasadena, Jan. 11 W) The story of how the earth as a comparatively little speck fell out of the line of march of the expanding universe and thus became a habitat for human beings was the first lesson for Prof. Albert Einstein as he returns to "school" today. Today's teacher, -some 20 years younger than Einstein, is the Jesuit priest who has won fame by expounding the Einstein theory of relativity, Abbe Georges Le Maltre of the University of Louvain, Belgium. Negro Admits Bronx Murder Henry Edmund, a Negro, was being questioned today In the Alexander Ave.

police station In the Bronx concerning the disappearance and possible murder of Nathan Reigrod, 55, of 155 E. 39th Manhattan. According to the detectives, Edmund admits that he murdered Reigold after robbing him and put the body in a trunk. The Negro, however, refuses to reveal the location of the trunk. Edmund was taken to the station house for questioning after Relg-rod's brother found the missing man's eyeglasses in the basement of the Brown Place address this morn ing.

Communicating with Reigrod's home the brother learned that he had not returned home last night and then notified the police. They Are to Blame for Depreciation -Total $1,613,948 action are two children of the testator. They are James McCafferty of the Hotel Plaza, Manhattan, and Mrs. Florence Meyer of Forest Hills. The plaintiffs allege that through failure to dispose of security holdings immediately after they assumed control of the estate it is now worth less than and they contend that in holding on to the securities the executors were neglectful in their duties.

Held on Advice, Is Claim The executors, on the other hand, have presented alleged evidence that they held on to the stocks and bonds onlv after they had consulted officials of the Manufacturers Trust and other authorities, Plrane Turn to Paice 'imritii) atJmumMiMimtM Gutwinski, in Be Free Soon 3 Admit They Were Real BanditsSeek Fourth Man Waiting to be ordered to Sing Sing to serve a term of from two to ten years, to which he was sentenced by County Judge Martin yesterday, J. Edward Gutwinski, 21, of 958 E. 45th learned today in Raymond St, jail that he had been declared innocent by the confessions of three of the self-styled "Five Borough Bandits" this morn-ing. The crime of which a jury Inst month found Gutwinski guilty was the robbery at the home of Thomas E. Igoe at 1877 E.

51st St. on May 11 last and the taking of $74.06 in collections belonging to Edward Igoe, branch manager of The Eagle. Mistaken Identity Apparently the error was a clear case of mistaken identity. The three who now "claim credit" for this robbery, according to police, gave their names at the police lineup in Manhattan this morning as Frank Pechi, 19, of 1882 Troy Jack De Meo, 20, of 1777 E. 48th Stand William Shea, 19, of 2152 E.

47th St. Shea he gave Pechi and De Meo and a third man, not arrested, the information which re- 'sulted in the robbery. The other two admitted their share, according to the police. Robber Resembled Gutwinski Later in the morning the three went to the office of District Attorney Geoghan and told him that the fourth man with them during the robbery was a man named Panicci, Please Turn to Page 3 Mercury Rises To 57 Degrees A temperaturfe record that has stood for nine years was equaled at two o'clock this afternoon when the mercury rose to 57 degrees above zero, making today as warm as Jan. 11, 1924.

which according to the local office of the Weather Bureau had been the warmest in New York's history. The normal average temperature for this date is 31 degrees and the coldest 1 degree above zero in 1893. From midnight on the temperature was above the normal average and at 7 a.m. the mercury began to rise. On tlic Inside JOHN ERSKINE who now writes a daily column for The Eagle, today discusses those staggering new tax proposals; Page 17.

"Two Strange Women" and what Arthur Pollock has tp say about them, Page 26. a wealthy American died in exile abroad, Page 17. Angclo Patri looks into the children's mail, Page 14. Author of 'Finis' Written By Mulrooney In Kurtzke Case Announce His Ruling as Geoghan Declines Goldstein Action Plea Police Commissioner Mulrooney, In a communication to The Eagle, today added his exoneration to that mndo by District Attorney Geoghan of Patrolman George J. Kurtzke for shooting and seriously wounding two boys "mistaken" for automobile thieves.

Earlier in the day Geoghan denied the request of former Magistrate Joseph Goldstein to reopen thn Kurtzke case and prosecute the policeman. The Police Commissioner said In his telegram to The Eagle: "All available witnesses examined by District Attorney Geoghan and also by Deputy Chief Inspecto Cummings. No evidence aildured that indirates boys were slapped by patrolman. District Attorney exonerates patrolman for both shooting and alleged slapping. Investigation fails to disclose any dereliction of duty or violation nf departmental la 1 1 s.

No charges will be preferred at this time." "The Kurtzke shooting case is closed as far as this office is concerned." This was the statement of District Attorney Geoghan today when he was nsked what action he would take on the demand of former Magistrate Joseph Goldstein that he prosecute Patrolman George J. Kurtzke In connection with his shooting of Joseph Buda and William Flanholtz, whom he mistook for auto thieves Dec. 30 last and opened fire on them. "I have received a letter from Mr. Goldstein asking that I take action agiiin.st Kurtzke," the prosecutor added.

"I shall do nothing in the matter, as I have found no evidence of any crime being committed either by the officer or by the boys." The prosecutor declined to comment on whether Kurtzke used good Judgment. Declines to Comment "I do not care to make any comment whether I believed he used good Judgment or was too quick on the trigger," Geoghan said. "In case Mr. Goldstein lodges a complaint in tho magistrate's court against Kurtzko then this office will prosecute the matter the same as any one case, but I reiterate I do not Intend to initiate any action against him." Goldstein sent the Hter to the prosecutor late yesterday afternoon Pleae Turn to TaRe 13 I or four men and that most of the latter were friends of Bridie O'Con-nell, the maid of the Gade house- hold, who divided her time between the doctor's home and the Lincoln Place apartment. I Mrs.

Gade presented a counterclaim, alleging cruelty, and described her husband's conduct as "unbearable." She alleged that when r.he nsked for that new dress her unhand struck her. saying: "You entice enotich men with the dresses you already have." She was awarded a week alimony In advance of trial and counsel fee. Senators Seek To Safeguard 3,2 Beer Bill House Measure Redrafted to Constitutional to Be Avoid Fight Washington, Jan. 11 W) A Senate Judiciary Subcommittee decided today to redraft the House 3.2 percent beer bill in a way which Chairman Blaine said would "bring 4t within the Constitution without any doubt whatever." Senator Blaine, (ft. Wis.) said an "overwhelming majority" of the group of five favored the redraft, which will be drawn today and considered tomorrow.

Seek Beer Advertising The specific plan in mind was not announced, but several proposals have been advanced, including the fixing of penalties for manufacturing beer above a certain percentage without attempting to define an intoxcant. In the House today, an amendment to the Collier beer bill to permit nation-wide advertising of the 3.2 percent beverage in newspapers was introduced by Representative Eric Fa.) at the request of the Pennsylvania Newspaper Publishers' Association. The Collier bill prohibits the advertising of or solicitation of orders for the beverage. Erk said if the provisions were retained in the bill "the marketing of beer would be seriously handicapped." Senate to Vote on Repeal The committee's action on beer overshadowed for the moment the prohibition repeal situation, which has been- complicated by Speaker Garner's stand for outright cface-ment of the Eighteenth Amendment with no Federal reservations. Despite the opposition of Garner and other House leaders, Senate Democrats intend to bring to a vote the resolution drafted by the Blaine subcommittee which provides for Federal protection to dry States and gives Congress power to bar saloons.

Walsh Sees Passage Senator Walsh of Montana, assistant Democratic leader, predicted yesterday that the Blaine resolu tion would pass the Senate, but at the same time there appeared to be a sharp division of opinion among wets of both parties over the saloon clause. The Republican wet bloc 'of the House will meet Friday to consider tne proposal. Trincellike' Bora in Russia Washington, Jan. 11 (P) Murray W. Garsson completed a report to day on of his investigation of the past history of.

Harry Gcrguson, sometimes Known as "Prince Michael Romanoff," and plans to put the report in the hands of the District Attorney in New York. Garsson, designated by Secretary oi i.aoor uoak to make the invest! gation, reported that Gcrguson was born in Russia, but was listed by police and other records as in this country at various times since 1903 1 Have Ynu Helped the I'nemployed? McCafferty Estate Executors Face Loss In Heavy Trading Stocks again pushed higher to day, and around 2:30 o'clock reached the best levels since mid-November. The upward course was broken, however, by frequent dips, and the heavy volume of trading indicated that stocks were in liberal supply. The volume of sales was large and professional quarters were surprised by the ease with which the offerings were absorbed. Gains were confined mainly to fractions, with the rails somewhat stronger than the other groups.

Prices on the New York Curb were higher. Bonds continued their advance, with the pace of the rise moderated somewhat. Speculative issues scored good gains. Wheat Jumped another cent a bushel on top of yesterday's 2 to Vk cent rise but declined late. Cotton was a trifle higher late.

Sterling and francs were steady after mild early strength. Stork Table on Page 31 Hudson Bridge Speed Urged Washington, Jan. 11 t4) Gustav Lindenthal, president and chief engineer of the North River Bridge Company, today requested President Hoover to speed the granting of a permit from the War Department for construction of the bridge across the Hudson River at 57th New York City. President Hoover was reported to have been "very favorably inclined" toward their request. Jam Theft Brings Death for 4 Russians Moscow, Jan.

11 WV Four men were sentenced to death today and three others to ten years in prison for stealing Jam from a government warehouse. Book 7 Cluslllfd Aim S7-I9 Drath Notlcea IS Dr. Brady, Dr. Cadman, 14 Eafla Horn Guild tl Edit.rlal IK Eafla Readeri' Private Eichanga ill Financial Junior Air Uflon 14 I.ojt and Found, Ptmonal. Novel, Comlea 3D Radio Ship New Sofletjr in Sports 22-24 Theateri, Art Arthur 2B Wcimin'i Pane, Helm in Surrogate to Bule if $800,000 Stock Had Bern Executors of the estate of James A.

McCafferty, well-to-do paint manufacturer who died Oct. 3, 1929, just before the market crash, are faced with the possibility of being forced to make good an alleged $800,000 depreciation in the value of the estate since they assumed Refusal of Dress 'Unbearable'' Cruelty, Says Mrs. Cade in Suit control. Surrogate Wingate has under advisement petitions by two sets of grandchildren who are to share about one-tenth of the estate, which was appraised at $1,707,321 gross and $1,613,948 net at the time of the death of Mr. McCafferty.

The grandchildren, through their attorneys, would have the executors surcharged the $800,000 depreciation from the appraised total. Lawyers Await Ruling The Surrogate's ruling Is awaited with great interest on the part of local attorneys, as it will constitute one of the first rullncs on a large estate since the question of executors' responsibility through stork depreciation became a serious issue. The dcfendant-expcutors in the The question of whether it is "un. bearable" cruelty for a doctor's wife to be refused a new dress came up as an issue today In a divorce suit brought by Dr. Herbert Gade, of 1045 St.

John's Place, against Mrs. Elane Gade. The couple's disagreement about that resulted in a separation, and Mrs. Gade moved to 40(i Lincoln Place, where she now lives. The doctor alleges in his Men tor absolute divorce that on Dec.

15, Inst, Mrs. Gade was too friendly with a man described only as "Bill." But Mrs. Gndn said that when hrr husband and some friends came there were five women and three JOHN ERSKINE, 'Helen of Writes Daily for The Eagle.