——Lindberg's proposed flight across the Pacific is a great under- taking but it is a safe bet that he will accomplish his purpose. ——1If that charity racket had oc- curred in New York instead of Phil- adelphia the Republican National committe would have butted in. ——If Germany can't pay accord- ing to agreement and can pay under a modification, it would be better to wait a while than cause a wreck. ——The Premiers of Great Britain and Germany are exchanging friend- ly visits and it may be said the meetings are not altogether for pleasure. ——Scar-faced Al, Capone seems | to be “up against it” at last. Under | $50,000 bail for appearance in court he faces a thirty-two year's sentence for dodging the income tax. ——Rutgers University has now tackled the depression problem and the solution is in sight. When a bunch of coliege lads set their heads to a purpose the end is in sight. — Governor Pinchot is getting | rather chummy with Governor Roose- velt but nobody suspects the attach- ment is on the basis which led the Governor of North Carolina and the Governor of South Carolina into conversation. —Our advice to the depositors of the closed Penns Valley Banking Co., is that the further they keep from the courts the happier they will be and the more money they will get. When fat is in the fire hot heads usually make a mess of pulling it out. —Maybe those who are hopeful of picking up some bargains in the stock market had better wait a while longer. At the rate the list is going down the point will soon be reached, in many issues, where car- nival fakers will be giving you cer- tificates each time you knock the baby down or ring a cane. —The President is seeing things again. of the greatest prosperity the coun- try has ever known. Let us hope he is right. But if he thinks heis going to be elected President again so he can claim credit for it, let us hope he is wrong. If prosperity comes again, which it surely will, it will not be because of anything Her- bert Hoover does. —We understand that the Repub- lican candidates for county offices are getting peeved because they think the public isn't warming up to their advances as it should. There does seem to be a noticeable coldness in the political atmosphere. We don't think it is local. however. It is nation and state-wide in its origin. The trouble is all because of Hoover and Pinchot. Neither ‘to a | depression, the problem of relief and His latest vision is an era | all o in 2 geraic 7H VOL. 76. | President Hoover opened his cam- | paign for renomination in a speech | before the Indiana Republican Edi- | torial association, at Indianapolis, on | Monday evening. In the presence of ‘a friendly audience he spoke frankly, ' not only in defense of his past record but of his future purposes. The | speech was well phrased and cordi- ally received. It was wisely limited few questions, the industrial the tariff, and upon each of these subjects he simply expressed the views of Senator Jim Watson and other Hoosier politicians. An analysis of the speech would take up more space than is available at this time and probably more time than it is worth. He attributed the | economic distress to the World war ‘and world conditions and expresses confidence that time, say twenty years, and patience will work a cure. He felicitated the country that some other nations are suffering more than the United States but neglected to (add that there are ample reasons for this fact, if it is a fact. The | other nations that are suffering lost ‘heavily in the war while this country | gained immensely in wealth and in- dustrial development. He eulogized the Grundy tariff, | notwithstanding the “iniquities and | inequalities” which he admits it con- | tains. There will be no reduction of ‘rates so long as he is able to pre- vent it. The Tariff Commission, | which always increases and never re- | duces rates, is a guarantee of safety, ‘according to his notion. He depre- cates pessimism as the greatest of evils and admonishes against {want of confidence as the stumbling block to the approach of prosperity. | As a matter of fact the principal cause of fear isthe presence in office of a stubborn and stupid President. But taking one consideration with another the speech served its pur- | pose of opening the Hoover campaign for 1932 and serving notice to all other Republican aspirants to “keep off the grass.” ————— AP —— ——There is an impending differ- ence between the State and Treasu- ry Departments in on the matter of war debts and repara- | tion payments. But it is a safe bet | that the Treasury idea will prevail. BELLEFONTE, PA. JUNE 19, 19 President Hoover's Opening Speech. FEDERAL ‘hatchery and nurseries that now ‘ral ones of the State and the decision to carry out some interesting expe STATE RIGHTS AND FEDERAL UNION. FISH HATCHERY PENNS VALLEY BANK FOR FISHING CREEK CLOSED FOR LIQUIDATION. Sportsmen all over Central Penn- | Following close upon the closing of 'sylvania will be greatly interested in the Snow Shoe bank, last week, the the proposed U. S. Government fish Pennsvalley Banking Co., of Centre seem Hall, failed to open for business on definitely located for Fishing creek Monday morning. A notice on the in Clinton county. That stream is out- door announced “Closed for Liquida- standing among the ideal and natu- tion.” The Pennsvalley Banking company of the federal fish culturiets to locate was a partnership institution, one of a large hatchery on it is proof of the ‘the very few privately owned and fact. | conducted banks in the State, and For seven miles it winds through because of this fact was outside the the picturesque Lamar narrows of (oversight of the State Banking De- the Nittany mountains, without an partment and consequently was never improvement other than fishermen's subject to an examination. With a cabins, to mar its wild beauty. It is successful financial history of more not what might be called a turbu- than half a century the bank was lent stream because the grade is naturally regarded as a safe institu- low. It is broad and shallow, con- tion, and it could not have been any- siderably larger than the Rapidan thing less than a shocked surprise ‘river on which the President's fish- when the fact became known that it ing camp in Virginia is located and had closed for liquidation. has just enough of riffle and pools The bank is not solvent and offi- to make it the ideal stream on which cers and partners claim it will pay we understand the government hopes dollar for dollar of its obligations. r- It's resources are given as $510,000, iments that may confirm the belief liabilities $413,000. Excessive loans of its experts that the cleanest and Yeyond the limit of discretion caused most recreative of out door sports Such a shrinkage in actual cash that can really be given to the people of the bank reached its limit on Satur- day. Saturday afternoon a meeting 31. or FIFTY YEARS AGO IN CENTRE COUNTY Items taken from the Watchman issue of Friday, June 24, 1881. —Commencement exercises at State College will begin on Sunday with the baccalaureate sermon, which will be preached by the Rev. W. L. Wallace. —The Scotia mines are now being filled up with Italians, Swedes, Nor-' wegians, Negroes and any other classes of labor that can be secured. Labor is in great demand in that section and the Celtic company, which is opening several other veins of ore there promises to add to the demand when it gets going right. —Other names have this week been added to the long Ist of aspi- rants for county office. They are: J. G. Meyer, of Haines Twp., for Treas- urer; N. J. Mitchell, of Howard, Harry Miller, of Harris, and P. W. Barnhart, of Boggs, for Associate Judge; and John Wolf, of Miles, and H. E. Duck, of Penn, for County Commissioner. —It is said that Gregg Post, G. A. R., of this place, will send sixty mem- bers to the celebration at Gettysburg on the Fourth. —The wheat crop shows signs of being a fair one in Centre county this year. ‘every State, in the way of fishing— was held with the board of directors | ready beyond the tentative state and down to examination of briefs of title Government has bought the private Merger failing to go through there |at Lamar, together with a portion ‘of the Krape farm now occupied by 0 do but close. ‘serve. This is part of the original | Washington Furnace lands and later that is, fishing when the lure is se- ductive enough to be compelling. According to plans that are al- {of the First National bank of Cen- tre Hall to discuss the possibility of a merger but the proposition did not meet with the approval of the Fed- U. 8. eral Reserve bank examiner. The and preparation of deeds, the was nothing left for the officials of | the Pennsvalley Banking company Steps are now being taken for the liquidation of the bank's affairs with- out going into court. It is expect- | rtions of it were in possessi ¢/ed that a meeting of the partners DE Qusen of Spain. Jt. takes in and depositors will be held in the all of what is commonly known as the Dear future to consider the proposi- hous | tioh. Tt will be less costly and quick- ashington Furnace dam site, 2 ler of consummation than uses fishing preserve of Sen. Charles Steele Bruce Harris that abuts on the pre- | | prepare the general history —During the recent rise in the stream there, cellars in Millheim | have nearly all been filled with water. ~The Bellefonte Car Works has made its first shipment of new cars. | They were twelve in number and ‘consigned to the Northern Central IR. R. —John Blair Linn Esq., late Sec- | retary of the Commonwealth, has ‘been engaged by L. H. Everts to | of Cen-| tre and Clinton Counties, which he | be compiled. —Last Tuesday afteiog® Charles § 3 5 i g | speaks the English language well, | sometimes has trouble | was acquitted on a charge of | while intoxicated last week. A physician lands to the south so far as the iron half of the Krape farm and other | bridge crossing the creek at the en- trance to the gap, as well as Rag run and its water shed for a con- siderable distance eastward. The transfer will necessitate the removal of the Ferree cabin at the mo of Rag run and that of Robert Hunter, which is located on th Steele property. This of a nature yet to be determined. Seven miles further up the stream most of the Daniel Rhule property bined wealth is estimated at from # purchase is for development probably be met without making a one of them has done anything to How Long Will Pinchot Fool the a5 heen purchased from James C. write home about and most Repub- licans look like dill pickles when one starts to talk politics. —If Judge Fleming, or the Coun- ty Commissioners, or whoever has the fortitude to do it, would issue a pronunciamiento against parking cars against the south steps to the portico of the court house we think our Temple of Justice would look more like it is supposed to look than it does like a “Dew-Drop Inn.” We don't know whose cars they are. We do know that the Judge parks his at a most inconvenient place on the north side of the building, setting an example that should be followed by other county officials if their's are the cars that block the entrance to the south steps and drip oil on the paving that the taxpayers of | the county put there because they wanted their court house to look tidy. Whose ever cars they are, we're right here to wager our month's salary their's that they don’t park them right ageinst the front porches of their own homes, —This is what we have to say to those who bite their finger nails, hunt up a tin can and go into a huddle with their neighbors every time a bank closes: In Bellefonte there are three banks all set and ready for the hysterical. They are ready to meet all demands that might be made on them and the head of one of them told us, Tues- day morning: “I pay no attention to these rumors. If anybody wants his or her money let them come in and get it. We have it for them, but I don't want the fellow who drew his balance out yesterday ever to bring it back. Let him keep it in the ash can. It's the second time he’s done it and if he has no more confidence in us than that he ought not to do business with us.” We applaud that frank statement be- cause we happen to know that the banker who made it knows both of his competitor institutions feel the same way. A run on any bank in Bellefonte would not go further than to tighten up the present tight fi- nancial situation. Because they would temporarily suspend making new or renewing current loans. All have enough liquid assets to meet every demand that would be made on them and would come through a run with such nonchalance as would make a lot of excitable depositors shamed of themselves. People? Governor Pinchot's anxiety for the | |utility rate payers of the State seems to have abated since the ad- | journment of the General Assembly. | The preponderance of evidence taken | by both the investigating committees | auring the session indicated that one | of the gravest reasons for defect- ive service of the Public Service Commission was caused by the in- sufficiency of funds to promptly and adequately investigate charges ‘against utility corporations. With {the purpose of remedying this faull |in the operations of the Public Serv- ice Commission the General Assem- bly increased the appropriation for that service by $862,000. In approv- ing the general appropriation bill the Governor cut that increase out. In the face of this action on the part of the Governor there can be little hope of improvement in the service. The Senate investigating | committee recommended several im- portant changes in the law in order that more efficient service might be |rendered. Both branches of the Legislature agreed substantially on the legislation recommended. But Governor Pinchot insisted upon a provision vesting in him the power to hire and fire members of the Commission and rather than relin- quish that prerogative he caused the measure to fail. Now that he has vetoed the legislation which would have permitted the Commission to serve the public, the inference that he is insincere is incontrovertible. When Gifford Pinchot joined in the campaign to elect Herbert Hoover President, in 1928, he revealed his in- difference to the utility problem. Mr. Hoover was openly committed to the Power trust and in full sympathy with the plans and purposes of the utility corporations. For that rea- son Senator Norris, of Nebraska, bolted his party and supported Mr, ‘Smith by vote and voice. That was ‘the crucial test of fidelity to the | people and Gifford Pinchot failed to | measure up to the standard. His action against the strengthening legislation and his veto of the ap- propriation to the Public Service Commission is additional proof of hypocrisy. How long will he be able to hoodwink the people? ~The Soviet government of Russia has adopted the bonus sys- tem to encourage workers. The bonus is in the form of free trans portation. Furst, its present owner. This pur- chase takes the dam, springs, farm buildings and practically all of the land under cultivation leaving to Mr. Furst only his present cabin site and the mountain side on the north side of the stream to a point several hun- dred feet east of the present location of Geo. R. Meek's cabin. It gives the government control of the real and unfailing source of the stream and about three quarters of a mile of it's course. What the developments are to be there are merely matters of conjec- ture. It is probable, however, thata hatchery and nursery ponds will be installed because both the water supply and topography of the land are admirable for such objectives. We know that the federal authori- ties have in mind the growing of bass as well as trout, though the former involves problems on a stream of the temperature of Fishing Creek that have yet to be worked out. How- ever it all ends there is promise of a great project. For when the State gets in and completes the highway through from Lamar to Tylersville and Uncle Sam makes it possible for blind men to catch trout in Fish- ing creek at midnight then—Oh Lord, it sounds so good we're afraid to write another word for fear some- body tells us to waken up, our pipe is out. ——When water superintendent J. D. Seibert laid the 12-inch water main, on Lamb street, he cut intoit the 6-inch main on Spring street, capping the unconnected end, on north Water street, and as a precautionary measure propping the cap against the bank. The water pressure in the pipe is about five tons and the re- sult was the bank gave way, about four o'clock last Saturday morning, and one joint of pipe was torn loose. The water had to be shut off from that section of town until repairs could be made which were not com- rpleted until Saturday afternoon. ——— A ————— ——State Banking Commissioner William D. Gardon has appointed Robert C. Enders as a special dep- uty to represent the banking de- partment in either a continuance or liquidation of the affairs of the Snow Shoe bank, which closed last week. If the bank's financial standing is found in such shape as to justify reopenng it and continuing in busi- ness that will be done; if not, it's affairs will be liquidated. 9 action. While the resources exceed the liabilities by $97,000 there will undoubtedly be some shrinkage when it comes to realize on the resources. In the banking partnership, however, are forty-three members, whose com- aw couldn't be revived, to have the job completed. It was an heroic , but the tumor is gone and es is now exhibiting his wound. —Franklin Dale and his friend, Mr. Thaler, are sojourning in town with the intention of organizi a musical school. ue —Gen. Beaver's legal frolic, that : 3 iz a million to a million and a half and as each one is liable, the law, for the debts of the partnership, every obligation will 8 very heavy drain on any of the partners. The bank had about 900 accounts, which of course included duplicates, certificates of deposit, savings ac- | counts, etc. D. K. Keller was the cashier and in conjunction with the oS it Pg jo Ah fhape honor of Judge Mayer, | partners will do everything in his has been indefinitely postponed by power to hasten liquidation and re- | the Governor's veto of the bill that lieve any distress that the closing of would have changed our judicial dis- the bank may cause to depositors. Ltt and taken Judge Mayer away County Treasurer Lyman L.Smith as our presiding Judge. used the bank as a depository for the, —The annual excursion and picnic county general fund, but so far as Of the Bellefonte Methodist Sunday | could be learned there was less than | 5¢h00 I to Snow Shoe Intersection a thousand dollars in the fund when | Vill take place next Thursday, the 30th. the bank ciosed. Centre Hall borough also kept it's account in the bank —Miss Anna Pletcher died in How- 'ard on the evening of the 14th. She but how much it had there at this iia’ I be ol | was 76 years, 10 mexnths and 22 days r (old. Her's was a case The Pennsvalley Banking company for she had PR i of was organized April 1st, 1873, by any kind for forty-five days before General James A. Beaver, J. Dunlop her demise and drank very little Shugert and John P. Harris, of Belle- water. It is said she suffered very fonte; John and Peter Hoffer, of little pain during her abstinence Centre Hall. It had a capital of $50,- from food and was unconscious most 000. Peter Hoffer was the first presi- |°f fhe me, oro : dent and W. B. Mingle cashier. At | Board mmissioners of Shugert and the Hoffers retired and dered a complete survey of Centre their interests were taken over by county for the State records and W. DO Os on, he ST Platt is vow dquartated a} ihe ess ’ Bush house preparatory to begin- latter being elected president. The bank building was erected in 1877 ning the work. at a cost of $8,000. —The Undine Fire company will have charge of the Fourth of July celebration here. The Logan company and Capt. Mullen's Bellefonte Fenci- bles have accepted invitations to with the Undines in the morn- . In the afternoon and evening a picnic dinner and dancing will be held in Valentine's grove near the toll gate. BELLEFONTE COUPLE INJURED IN READING On Saturday Mr. and Mrs. Frank Galbraith, of Bishop street, accom- panied their daughter and her hus- band, Mr. and Mrs. Edward Shields, back to their home in Reading for a visit of several weeks. They had reached that city in safe- ty and were only a few blocks from the Shields residence when another car, rushing out of a side street, crashed into them with such force as to completely overturn the one in which they were traveling. Mr. Gal- braith was thrown clear out of the car and injured about the head and back. Mrs. Galbraith suffered slight injuries and both were taken to a Reading hospital where it was found that neither was in a serious condi- ton. Mr. and Mrs. Shields and their two children, who were also in the party, escaped with minor bruises. Mr. Galbraith is nearing his eighty- third birthday, but that means little in his case, for every day he is at his place of business and puts in longer hours there than any business man we know of in Bellefonte. c—————— A ——————— ——Subscribe for the Watchman. LOGAN FIRE COMPANY TO HOLD A BIG BAZAAR. At a special meeting of the Logan Fire company, on Wednesday eve- ning, it was definitely decided to hold a home-coming celebration and bazaar on the High school grounds, July 2nd, 3rd and 4th, opening at 7 o'clock each evening. Al Nuttle, mu- sical clown of Chicago, has been en- gaged as one of the free attractions, and there will be several others. Wetzler's boys band and the I. O. O. F. band, of Bellefonte, will furnish free concerts each evening. On Sat- urday afternoon there will be a baseball game on Hughes field be- tween Bellefonte and Pleasant Gap. On the last night of the celebration a Ford car will be given away. —Mr. Coolidge has announced his purpose to take a long vacation. Producing 200 words a day for a newspaper syndicate appears to be too much for him. SPAWLS FROM THE KEYSTONE ~—Clearfleld’'s four volunteer fire com- panies are preparing to go on strike be- cause Town Council voted to take over the $30,000 firemen's relief fund estab- lished in 1888. The firemen watched the vote and then advised municipal of- ficials of the walkout. —All outstanding bills for dental work | are cancelled in the will of Dr. Horace | Basehor, entered for probate at York, | Pa. The remainder of the estate, valued | at $10,000, goes to his widow during life. On her death one-half goes to a nephew, | Horace Yeagy, and a fourth each to a | nephew and niece, George and Marie | Yeagy. . —Major General Charles M. Clement, of | Sunbury, 75-year-old member of the Pennsylvania National Guard, underwent 'a minor operation in the University hos- | pital, Philadelphia, on Monday. He was | reported not in a serious condition, al- though a second operation was sald to be necessary in two weeks. General | Clement has been with the P. N. G. for forty years. —Immediate work on a natural gas pipe line from the Tioga field into the | Williamsport-Sunbury section has been ! announced by the Pennsylvania Power and Light company. The right-of-way has been obtained and construction is | expected to be started within a week. The line wil supplement lines now serv- ing Muncy, Milton, Sunbury, Bloomsburg and Danvule. —Some time during Wednesday night, or early Thursday morning, of last week 64 pure-bred lambs were stolen from the farm owned by Dr. George | Lake, Franklin township, at Huntingdon Furnace. Dr. Lake is a practicing phy- sician at Pittsburgh, and the farm is operated by his three sons. Police say that it would require several trucks to remove the anmials from the farm. —Denied the time-honored privilege of | shearing the heads of a group of grad- uates with horse clippers, members of the junor class of Mahanoy City high school on Monday retaliated by bom- | barding the homes of the superintendent of schools and the high school principal with eggs. Three of the leaders of the demonstration were jailed. When their followers threatened to storm the Jail, —John Dabalansky, of Uniontown, who but pg’ driving with his testified he believed the man was intoxi- cated because he was unable to rattle off, “around the ragged rock, ran the rascal,” following his arrest. The doctor said he passed several other tests. —Banking suspensions have taken a greater toll of deposits in Pennsylvania than in any other State in the Union In the first five months of 1981. The Fed- eral Reserve Board reported twelve more banks in the State closed their doors in May, bringing the total number of sus- pensions to date this year to thirty-one with deposits involved of $39,544,000. Several other States have had more sus- pensions, but the aggregate deposits were less. —Revival of the old practice of keep- ing a family photograph album, espe- cially as an aid to indentification in po- lice work, is urged by Major Lynn G. Adams, superintendent of the Pénnsylva- nia State Police. “The ‘family album may have been the butt of 1000 jokes, but it served a useful purpose just the same,’ Adams said. He said that the inability of authorities to secure good photographs was responsible for buriai of many un- knowns in the Potter's fields of the | counties of the State. —Plans have been completed for plac- ing a monument in memory of Corp. | Brady Paul, of the state highway patrol, who was shot and killed December 27, 11929. W. Glenn Dague and Mrs. Irene | Schroeder were electrocuted for the crime at Rockview penitentiary on Feb- ruary 28rd. The monument will be on the spot along the Butler-New Castle highway where Paul was shot down when he and a fellow-officer stopped Dague and Mrs. Schroeder as they fled from a Butler store robbery. —William E. Miller, Sunbury, Pa., must continue his search for his son, missing 15 years. Miller made a 250-mile trip to Albany, only to learn that Clyde Wil- liams, raised by gypsies and once called Miller, is not his son. ‘The boy gave me a hint, however,” said Miller. ‘He says he knows a young. man about 25, which is about the age my boy would be. This youth is traveling with gyp- sies, but is light-complexioned and not like him. I firmly believe Williams may help me find my boy, Therman.” —Dr. Homer Price Rainey. president of Franklin College, Ind., will succeed Dr. Emory W. Hunt, retired, as president of Bucknell University. His acceptance was announced on Tuesday by Judge John W. Davis, Trenton, chairman of the com- mittee on nomination. Dr. Rainey was elected at a meeting of Bucknell trustees last week, but did not accept officially until after commencement exercises at Franklin. Dr. Rainey, who is 35, was elected president of Franklin College four years ago, being one of the youngest men ever appointed to head an American college. police armed with fire hose, held them at bay with a powerful water stream. —C, Harrison Lund, Erie attorney is at liberty on $5,000 bond pending further hearing next Saturday in connection with charges that he is a member of an arson ring which is alleged to have operated in that county. After a hearing before an alderman, Lund was bound over to the fall grand jury. Attorneys for Lund, however, immediately filled application for a writ of habeas corpus staying the ac- tion of the commiting magistrate. At- torneys for Lund, in applying for the writ, alleged insufficient evidence. —Construction on the mile-long dam of the hydro-electric development of the Safe Harbor Water Power corporation has reached the York county or west shore of the Susquehanna river. The power house substructure and the con- crete dam are two-thirds completed and with the final cofferdam in place the last area of the river bed will be '‘unwater- ed.” The power house is located on the Lancaster or east side of the river and construction began there. Original schedule called for placing the Safe Har- bor development in service in 1882. Con- struction is so far ahead of schedule that the first units will be placed in operation early next winter, power company offi clals say.