DailyTimeCapsule brief
March 9, 1932
On March 9, 1932, Lehigh Coal Company announced earnings of $1.22 per share, with a total income of $2,360,209 for the year ending 1931, marking a decline from the previous year’s income of $2,534,566 or $1.31 per share. This net profit allowed the company to report a surplus of $44,131 after dividends were paid, contrasting sharply with a deficit of $134,962 the year before. Meanwhile, legal matters were in the spotlight as a court prepared to rule on the release of Farley after new pleas emerged following testimony from an ex-sheriff about interest management. In addition, Hastings faced potential forcible action to appear before a committee regarding ongoing investigations. On a different front, a convict expressed willingness to share information regarding the Cedarholm mystery, hinting at developments in criminal investigations of the time. This day reflected a broader context of economic challenges and judicial developments as America navigated the complexities of the Great Depression.
Key developments
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On March 9, 1932, Lehigh Coal reported a net income of $1.22 per share for the year 1931, compared to $1.31 per share in 1930. The company showed a surplus of $44,131 after dividends, a significant turnaround from a deficit of $134,962 the previous year. However, the consolidated figures indicated an overall decline in earnings.
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On March 9, 1932, a court was set to rule on the motion for freeing Farley, which followed testimony from a former sheriff regarding interest that was kept but not used. This legal discussion was part of broader controversies involving the justice system in that era. Additionally, Hastings faced potential action with efforts to summon him before a committee.
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E L Hall, a convicted individual, has proposed to share information regarding the mysterious disappearance of a person connected to Cedarholm. This announcement has sparked interest in the local community and law enforcement as they seek answers. Hall's potential revelations could shed light on the unsolved case that has troubled many since its occurrence.
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