DailyTimeCapsule brief
February 16, 1932
On February 16, 1932, tensions in the Far East were marked by Japan's efforts to avoid military clash with China at Swatow, a coastal city that was a focal point of interest during the ongoing Sino-Japanese tensions. In the United States, the nation grappled with the effects of the Great Depression, as evident from the recent passing of notable figures. Former Justice Pendleton left an estate valued at $980,219 to his wife, highlighting the financial struggles of many. Additionally, Andrus, a 91-year-old who had experienced significant wealth, labeled the economic slump as the worst in history, expressing support for President Hoover while predicting a Democratic victory in the upcoming election. This day was characterized by a blend of global tensions and domestic economic hardship, reflecting a critical moment in both American and international history.
Key developments
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On February 16, 1932, tensions between Japanese forces and Chinese nationalists in Swatow heightened. A potential clash was averted when a Japanese destroyer departed the area, reducing the risk of confrontation. This event underscored the fragile relations between Japan and China during this period of increasing militarization and conflict.
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On February 16, 1932, it was reported that former Justice Pendleton bequeathed the majority of his estate, totaling $980,219, to his wife. A transfer-tax appraisal revealed significant depreciation in the estate's value. Furthermore, a detailed table of security holdings shed light on the financial landscape of the estate.
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ANDRUS, 91, SAYS SLUMP IS WORST IN HISTORY; Former 'Millionaire Straphanger' Praises Hoover but Believes Democrats Will Win.
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