Today's Weather Tomorrow's Tides Tuesday, April 12, 1932 mmm High 4:18 a.m. 18:1 It. Prince Rupert Overcast, light 18:01 p.m. 14:9 ft. tbuthcast wind; barometer, 30.08; Low 11:37 a.m. 0:2 tt. temperature, 49; sea smooth. 23:18 p.m. 10:0 ft. NORTHERN AND CENTRAL BRITISH COLUMBIA'S NEWSPAPER Vol, XXIII., No. 84. PRINCE RUPERT, B.C., MONDAY, APRIL 11, 1932 PRICE: FIVE CENT3 V(N HINDENBURG IS AGAIN PRESIDENT LSHlmGH PA YS $50,000-00 BUT BABY IS NOT RETURNED Kidnappers Fail to Live Up To Promise To Give State Police Planning to Trace Bank-Notes with View to Solving Mystery Believed Abductors Arc Afraid to Keep Pledge HOPEWELL, N.J., April 11: Fearing that the numbered bank-notes which have been tendered them as ransom for the infant son of Col. and Mrs. Charles A. Lindbergh might lead them into trouble, the kidnappers of the child were reported yesterday to have demanded that payment be made them in gold. Immediately this is done, the child will be returned, the abductors arc reported to have promised. tim.'MTHM. N .T Anril 11: It was officially announ ced here on Saturday night by the New Jersoy state po-j luro that ransom money of $50,000 had been paid over last week by Col. Charles A. Lindbergh to representatives of , the kidnapper of his 20-month old son, who disappeared j on March 1 from the Lindbergh . . home . at Hopewell, but . thati 1 - - .A lJ l.ll.J n fulfil PROBE OF TRADING InvcMlnatlon of New York Stock Exchange Afaflrs Starts Today WASHINGTON. April 11: The Senate banking committee is starting today a widespread investigation into all phases of trading activity on the New York Stock Exchange. Itichard Whitney, president of the New York Stock Exchange, has been subpoenaed to appear as the first witness. He has been ordered to bring all Information with him and be prepared to answer all questions. The committee plans that the investigation shall be a most thorough one. It was revealed on Saturday that rrenldent Hoover had been behind the sudden derision of the committee to start the Investigation immediately and that the Intention was to forestall a bold short-selling scheme which was lo have been sprung in Wall Street this week. INFLUENZA' INYUKON thief Isaac. Head of Mooschldc Indian Tribe, Falls Victim to Malady DAWSON, Y.T.. April llliS; W. agefi 75. head of the Moon- " nTuld be easier on hide Indian tribe, died on Saturday from lnflueniA. Influenia of- a"mtld form Is prevalent here, necessitating the clos-ln of schools. Big Savings Proposed By Pres. Hoover WASHINGTON, D.C.. April 11: President Herbert Hoover on Satur day proposed economies to the Ben ate finance committee which arc N m. .J I II I. n.ln nf fmn, iia-u vu lusuit, it) onviii t4 Aiwtii JlCO.OOO.ooo in $210,000,000 In Eov - crnmcntnl expenses for 1033. Child Back their bargain that the ehUd would I be left safe at a specified place on the money being paid over, up to; Saturday night the Ihlld had not-been returned and the state police! intimated that, in view of the jact that the kidnappers had failed' loj live up to their agreement. It would be necessary for them to enlist tnei aid of the federal authorities In tracing the bank-notes which were paid over. While the numbers of the i nntM had been I keot V.. by Col. Lind Tlnrl.l bergh, It had not been the Intention to trace them had the child seen safely returned to Its parents. While some people were Inclined to believe that Col. Lindbergh had hn swindled by false representa tions, officials were Inclined rather to believe that the kidnappers were afraid to return the child immediately to the designated rendezvous. There Is still optimism that the baby Is alive and well and will be returned soon. TARIFF IN NEW BILL Move Made In Washington Against Including Revisions Sales Tax or Greater Income Tax WASHINGTON, April 11 -Move is under way to prevent the Senate nmmttt from Including tariff alterations In the national revenue bill. Democrat members of the committee would Include certain revisions as revenue proposals. Senator Reed of Pennsylvania made a vigorous appeal that a gen . - the ordinary people than than the the pro pro. posal to lower income tax exemptions from $1800 and $3500 for single and married men respectively to $1000 and $2500. Unidentified Man Jumps in Niagara To Commit Suicide NIAGARA FALLS, April ll:-An 1 unidentified man committed sul- clde Friday by leaping Into Niagara CI. II. T)rienntt Pnint. IIC CiUU' runs uw twjvv - '.nuards who noticed him climbing over a rail. At The "You go your way. I'll go OLXV they do a UNEMPLOYED IN SESSION Wage Rate of $7.50 a Month TH f !-! 4 T T" is uejecteu rer uay Basis Asked LONG. MEETING Move .to Join With National Unemployed Workers Ass'n Held Up At a mass meeting under the aus- nices of the Prince Rupert Unem ployed Association which taxed thei capacity of the Metropole Hall last; night and lasted for no less than; three hours and a half, resolutions were pawed pledging single unem-, ployed men here to refuse to accept; th provincial government's offer of $7 JO per month and board for a 30-day month and proposing, as an al-' ternatlve, that the men be permitted to work for the money required for board and clothes at a scale of $4 per day on the basis of a six-hour daV and five-day week, the clothes, t be provided In advance. It was decided, at the suggestion or Aid. O. B. Casey, who was present, to en list the support of the city council for the latter resolution. Tnese re solutions were not passed until after there had been lengthy discus-1 slon in which many of the men present participated. j Charles Chapman presided and other members of the central com mittee of the association were on the platform. In opening tne meeting, wt. Chapman briefly explained the purposes for which It had been called. He told how me government. uu failed to comply with the request that boots and clothing be provide the men before they went to work. rrtrresnondence arising since tne last meeting was road by the secre tary. T. Murphy. W. Mohoney and Mr. Chapman renorteti on a recent meeting with the city council when more ade quate allowances for marnea men with families were requested. Mr. Mnhonev charged the members of the city . council wlth.an, attitude of evasion. Continued on Page 3. Annual Society Horse Show rail at Fcrt Myer Va.. as circus. .v? member. -: :a eracii ..v.vuhy criss-cross jump Vj. the annual soi'ie'y Agea rormer 7i n m si w w r m Leader is Re-elected As German Republic Head Polled Nineteen Million Votes at Run-off Election and Had Majority of Six Million Over Adolf Hitler, His Fascist Opponent BERLIN, April 11: President Paul von Hindenburg was elected chief executive of Germany for another term of seven years by virtue of polling more than nineteen million votes on Sunday in the presidential run-off election following the poll last month which was not conclusive. The 80-year old former military leader had a majority of some six million votes over Adolf Hitler. Fascist candidate, and a - TiriTTi-if majority over the total votes polled I I I I M H J vp J S by all opponents combined. LiUIiilJlV JIU Faced with acknowledged defeat! nTItT1 TTnJ'WT In the presidential election. Adolf SHI I I 1 III 111 vl Jll Hitler. Fascist candidate, and his: UllV a supporters toward the end werr working merely to reduce the majority of President Paul von Hindenburg as much as possible. During the last few days preceding the election there were many disorders and numerous arrests. No Mosquitoes military President of German Iteiclibank liar Narrow Escape From Assassination on Saturday BERLIN, April 11: Dr. Hans Luther, president of the German Relchbank. had a narrow escape from assassination on Saturday when four shots were tired at him from a crowd as he was going on I injuries were not serious ana ne proceeded on his trip as Intended, the wounds being dressed on the train. Army Uniforms Are Permitted In School Now SEATTLE. April 11: The Seattle school board has decided to reconsider a ruling made on March 18 under which United Stales Army uniforms would be barred from the public schools of the city. By the i former decision only those wearing civilian clothes would be admitted ' to the schools. ti x board a tram ior rranKiori. miner ror r onlandiw" nit m tne rint wrtet but the Chamber of Commerce lias Six Men at Work Already Fighting I'cst PORTLAND. Ore.. April 11: The Portland Chamber of Commerce has decreed that there shall be no mosquitoes ln the Rose City this year. Six men are already busy fighting the pest. WEATHER REPORT Dead Tree Point Part cloudy, light southeast wind; barometer, 29.04; temperature. 52; light chop. Triple Island Cloudy, light east southeasterly wind; sa smooth. Lanaarn Island Cloudy, light south wind: sea calm. City Auditor Gives Official Statement Of City's Affairs Answers Three Important ances Condemns Bankruptcy Suggestions But Urges Economy Co-operation j (George Rorle, City Auditor i i It has been stated that there is public uneasiness in re-igard to the city's finacnial situation at the present time, ! and that it is desirable that a statement be issued show-! ing exactly why any increase in' taxes is necessary. It is i impossible in a short statement, such as this must neces-; sarily be, to cover all the ground, but I propose to reply t i three questions which appear to I loom largest at the present moment, fT rri in namely: 1. What Is the present position of the city financially? 2. Haw did it arise, and. 3. What has become of the $375,000 obtained from the sale of the electric light franchise In 1929? In answering these, It will be seen why an Increase In taxes Is neces- saryt and for purposes of comparl- a meeting of the council of the son, I shall confine myself to the chamber of commerce to consider laseej;ears, 192?..1$3Q 1931, -tSary" of thCrcport of rresenr "rbsHlotf of tjity w. exande?plbTirltIsh port ex-In the first place, there Is no nec- Jrt- ln which. was mentioned essity for alantCbut there Is great 't .Vancouver Should be prbtet-need for careful handling of the.11 alnst competition from any situation, and this requires co-op- northern port Insofar as handling of the peace River sraln was con" eratlon on the part of all citizens. . " vrri. 1 1 f a i There Is no room for selfish Inter- ests being allowed to prevail. Every anuy caused considerable conster-.ne 0311011 amon tne members, it was must work for the common iood of all. and there Is absolutely general optalon that no official actlon should token untu ful" nothing to be gained by hysterical a outbursts about bankruptcy and re-1 celvershlps. for our city Is merely suffering from what every other municipality in the Dominion is more or less enduring, as well as most business houses and Indlvi- duals. Speaking generally, the state-! ment of affairs of a municipality shows as liabilities its bonded indebtedness and Its sinking fund requirements; while its assets include its capital expenditure on public works from proceeds of bonds sold. Its sinking fund Investments and rrears of taxes. At December 31, 1931, our assets ln addition to the above Included expenditure on capi tal account made In anticipation of bonds to be sold, and expenditure on unemployment relief, being the proportion to be recovered from the Dominion and provincial govern ments. The funds wherewith these payments were made, were obtained from the bank, which accounts to a large extent for the necessity of their loan of $165,000 which figures as a liability at the end of 1931. As regards our liabilities ln respect of debentures, at January 1, 1927, our bonded Indebtedness amounted to $2,153,373. During the next five years, further debentures of $266,291 were Issued, but during that period we paid $617,431, thus leaving the net debt at December 31. 1931 at $1,802,213. With the exception of the bank loan, the city's position was ln no way exceptional In comparison with previous years.) I may add that the amount advanced by general account in antl-rlivitlon nf debentures to be sold stood at December, 31 last at $112,1 rtrtn Whti Ihn tfmi'ls nronltlous fnr these to be sold, ihe bank be thereby reduced. In this connection also it may be mentioned that the city Is still distant from the limit of Its borrowing powers to the extent of $1,330,000. The Cause of Its Present Position There are two principal causes for (Continued on page 6.) Questions in Regard to Fin KtrUKl lb CONSIDERED Chamber of Commerce Will Await Detailed Information , On Saturday afternoon there was pw" naa evi- ie i" nxwveu. 1Thefe5"tary was ""powered to ""V""1 " "Wet, asking hta to scrutinize tne rePrt and send CP ?s of uclJ lParts 01 lt as concerned the port of "Prlnce RuPert DEATH OF AUTO MAN Carleton Howell Willis Passes Away in Vancouver at Age of 42 VANCOUVER, AprU 11: Carle-ton Howell Willis, president of the Wlllls-Klngsley Motors Ltd. of Van- couver, died suddenly at his home here yesterday at the age of 42. WRANGELL -MAN DIES Thomas J. Case, Business Alan, Had Been Resident of Alaska For Fifty Years WRANGELL, Alaska. April 11: Thomas J. Case, pioneer Wrangcll businessman and a resident of Alaska for 50 years, died here Friday night. He conducted an Ice cream parlor. Resignation of j Governor Denied enee M. Judd of Hawaii Not Quitting, It Is Officially Stated HONOLULU. AprU 11 Reports that Governor Lawrence M. Judd was about to resign were officially denied on Saturday by rt pi mutative of the Governor.