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Coal Production Fails; Soviets Sound Alarm
Moscow.—A sharp drop in coal production planned for the first quarter of 1932 aroused the newspaper Pravda to sound an alarm.
Pravda said the situation in the coal industry was menacing the most important phases of other industries, chiefly the metallurgical works, which are one of the basic sections for the successful completion of the five year plan.
This was blamed by Pravda on unskilled management, inadequate organization of labor and the failure of many mines to institute the system of piece work wages, resulting in much shifting of workers.
For Closer Bank Supervision
Chicago.—Abolition of bank receivers and creation of a banking board for closer supervision of Illinois state banks were recommended by the committee on legislation of the Illinois Bankers' association.
Against Fixed Sentences
New York.—Abolition of fixed prison sentences if society is to progress in its efforts to reclaim criminals was advocated by Warden Lewis E. Lawes of Sing Sing.
Bank Official Arrested
Philadelphia.—Alexander D. Robinson, vice president and treasurer of the defunct Northwestern Trust company, was arrested on a charge of embezzling $750,000 of the bank's funds. The bank closed last November.