vantage when official bargaining MIGHTIER THAN THE CHISEL f start*. This gives added point to our recent prediction of a farther sUrp ®1? Bnrainsufllr Herald down the devaluation ladder from WHIRLIGIG Wsshlngton. Established July 4, 1892 • • • NEWS Behind the NEWS RALPH L BUELL. Editor and Publisher POSTPONED—Wall street’s rank file waa ——————— and perturbed by Secretaty 1—1—(Continued from Page One) Published every afternoon (except Sat or day) and Sanday morning. Morgenthau’s lack of eu'hualasm for in the Postoffice. nor- the gold and Ills Entered ss second-claw matter lties of some of his advisers acre i by insiders as smaller than the policy unwillingness to for to commit himself as Co the futuis. '»» ^ Brownsville. getting icy. mal 3 per cent paid bankers Texas_. They figure it means an o’her oer- It seems that at that family hud- underwriting such an issue inci- lod of PW THE BROWNSVILLk HERALD PUBLISHING COMPANY dle right after the Army took over dentally Columbia wipen out ita monetary uncertainty, rhs keenest here doesn’t 1269 Adams St Brownsville Texas the air mail. Postmaster Genera] bank debt at the same ltme. opinion sse it that Parley and Attorney General Cum- It’s the first time Industrial fi- way. They rate it ret tor a neat device to forestall Subscription Rates—Daily and Sudsy: mings were rather of the opinion nancing has ever been handled this paper money 2 ,. or other Inflationary move* by Con- One Year .. 9.« for once PDF. had chewed off toe way although real estate mortgages a gressional mandate and feel xmie- Six Months . 9iM big a bite. have often been farmed out on what safer about the moneury sit- Three Months ......... The President is represented •: similar system. One of the trickiest uation than •«* told them that regardless 01 angles Is that the lnsutance com- they did before. One Month . having of the Immediate situation a visitor panies can retell the notes .f they Postponement debate on tfee Federal Is also y TEXAS DAILY PRESS LEAGUE was going to be with us s long, ion* choose without benefit of r^gistna- Monetary Authority air law- considered smart. Interested New National Advertising Representative time. He was going to free the tion. At least that’s what their * • • • orkera forecast that this Dallas. Texas, 912 Mercantile Bank Building. yers tell them. plan will revive with a in 1933 Kansas City Mo 906 Coca-Cola Budding. For that reason he told • • • bang along bluntly measures Avenue now was as a time ai with other of permanent Chicago Dl. 160 North Michigan them good LIMITATIONS—Not many cor- 846 8. from reconstruction. Pressing It now Lot Angeles. Cal.. Room 1016 New Orpheum Bldg.. Broadway, any to reorganize the with industry porations refunding problems would have meant too stiff a battle New York 970 Lexmgton Avenue. the ground up Plying might be of could follow Columbia’s voyage with recovery still in the balance St Louis. 602 Star retarded a few months and the tow Building discovery. To begin with you have las of some thousands of stockholder! San Francisco. Cal.. 318 Kohl Building. to have a super Grade A credit eat- stepped on but after the dry-clean- GERMANY—A European Insider to get away with It Second it's ing it should forward to great- ing visiting New York 'Sat leap Impractical to raise mo** .ban 1ft prophecies AIR MAIL FLYERS FREE FROM SCANDAL er and cleaner height!. the final showdown between Hitler or 20 million dollars this way New Bo the old companies will nave and Ooering will be kept under The meaa which centers about the air mail contracts York legal experts say that a sale an opportunity to bid on theii cover until dies. Then to more than 20 persons or organisa- Hlndenburg throws a bright light on one of the most vital problems tormer air mai. contracts all right— he expect* a free-for-all with no tions Is a public sale and must be all manner of skill, but only after thorough reorganiza- holds barred. of modern times—the way in w’hich registered. It's not so simple >o find tion. The name source ranks Oo»bhela and can be short-circuited if a few 20 prospects ready to swallow as devotion, efficiency Furthermore the bidding will tx as much the ablest man in the Nasi to too much about many million dollars in new securi- -men at the top of the heap get thinking competitive and open to *u comers i setup and predicts he will <*o®« ties among them. • • • i out on after Hitler and Ooer- the clink of dollars. So other companies that would top have knocked each other off In the cancellation of air mail contracts there has DOPESTER8—Narcotics Commis. Mke to duck Trade Comrrlaslon Jur- ing ! Ooebbels’ are at men who ac- vlcner Harry Anslinger. just back isdiction better not too aspirations prw- not been a shadow of a reflection upon the get optimis- ent under lor. Florida, is confident his wai tic. concealed the oan'V of have been the work. the vicious of loyalty to Hitler but those -.he tually doing on practice doplne • • • } have made one of the finest race horses has finally produced should know say he* <nerei7 biding The pilots themselves CONVERTIBLES—L/v il inside* | of aviation. have been results. his time. records in the history They good, • • s» He has nothing but praise for the say there's a special •■ewon for the at a for coolness, and superlatively good, job calling skill, way the Florida State Racing Com- juicy terms offered by New York -PNErMONIA"—New York learns Central on its new convertible is- devotion. mission is running Hialeah and that the Soviets pulled a neat trick From the standpoint of physical service, they have Tropical Park. With a boom season sue. They predict that Central w'H ! to free Dtmitroff and his twc in Miami the Commission employed float eighty to ninety million dollars Communist associates made the American air mail network one of the finest from Goer- strong tactics and either chased all more In similar securities before the tags clutches. They Imply left it not the finest. end of the If the | things of its kind in all the world—if very the dynamiters” out of the state year forlhconPig be known that six Orman engi- Similarly, the technicians, the designers, the men or worried them into selling their offering catches the public fancy neers frou the Siemens r<mpany stables. It would be a sweet way to cork i were • being held as nostages and who built the planes and fabricated the engines, the oper- off Forty state Inspectors anl a che- some 60 to 70 mllllxi dollars In that if Dtmitroff or either of his schedules and hand out as- ating officials who arrange mist were turned loose m then bank loans which are a pain In .be companions should unfortunately signments, the repair men and service men and radio The first SO saliva tests the chemist neck both to Centra] and the banks die of pneumonia two of *ne Ger- and weather men—all these have filled their difficult made turned up types ol dope thst Then there's about 20 million mote man engineers would be practical- almost had him puzzled, ’’'he last in odds and ends which the raid with distinction. ly certain to catch the same dteersc jobs 40 were clear as crystal. would like to get off Its mind. in a fatal form. Hitler hustled the The troubles that led to wholesale cancellation of A man representing the commis- It's understood here that several three Conn run lets to rtusst* to avoid .. stall other an -.-.in .r .r contracts were in no way due to the men who actually sion now goes to each more companies are keeping eye any chance of an “accident." than an hour before ev ry race on New York Central’s progress Wth .. .■ • were work of the mails. From a doing the flying purely and an an each horse the Idea of floating convertible Is- keeps eye errors to the presiding judge The There is a very definite and real policy. the air mail setup is and has been a until time. Anslinger says the sues of their own if the market Is physical viewpoint, post Judge, probably, would add another upturn in business Banks are re- —Francis M. Law, president of IF* i owners don’t receptive. Among those mentioned * thing of which the whole country could be proud. reputable object. —that he heard the case. turning to a more normal lending American Bankers Association • • 9 are Public Service of New Jersey. was the trouble? It arose from Where, then, solely Union Gas. Chile □ Brooklyn Copper c i .i SWAG—Some time ago this col- These edifice of service rested on f reputed kidnapers are the fact that this magnificent off th?t the Budge: subsidiary of Anaconda' and pos- umn tipped you smart. They beat the rap every of financial base. and sibly even Consolidated Gas. the wrong kind Bureau was about to put a cold time, even if have to commit Wall Street historians point out they Lu MABEL In some cases—not in all, any means—the men analytical eye on the -alar.es being suicide in by that the convertible bond Hea is jail. in sore of the or- • an im- paid emergency • • McELLIOTT at the very top w?ere less concerned with doing hardly an innovation. It war ured ganizations of the government.