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Arizona Republic from Phoenix, Arizona • Page 1

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Arizona Republici
Location:
Phoenix, Arizona
Issue Date:
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1
Extracted Article Text (OCR)

Spectacular advances the New York Stock Exchange yesterday war taken by tradara aa indication ef a restoration af cenfidanca in America's f.nancial atructura, aaya an Associated frees story. BMC Pacc3 Today 43rd Yr, No. 302. Phoenix, Arizona effiflil Thursday Morning, March 16, 1933 0 2)U Judd Jury Securities New Farm Grand Masonic Lodge Names Gibbons Head Roosevelt Wins New In Arizona Pioneer Leaves 361 Survivors MV. 15.

Funaral h'd tha Latter Day Sainta church at Pima yesterday for Nancy F. Reynolds, pioneer Gila valley resident, who laavaa 361 aur-vivora through four generations of direct deaeendanta. Thay include 12 children and 349 grandchildren, great grandchildren and great-great-grandchildren. Mrs. Reynolda had been a reaident of tha Gila valley for 52 years and waa widely known in this vicinity.

The majority of the aurvivora reaide in Arizona. Mre. Reynolda died following a brief illness of influenza. She was 86 yeara old and waa born in Salt Lake City, January 22, 1 847. W.

A. Linea, bishop of Pima ward waa in charge of the aervicea. Speakera included Joseph H. Lines, Mrs. Mayme Ranson.

W. E. MrRriW. nnA C. Aid Plan Complete Roosevelt Seeking Action In Word rIo Congress Today WOULD CUT ACRES President Hopes To Lift For Rural Products WASHINGTON, Mar.

15. (AP) nuuseven ana nls agricultural advisers, using as their oasis me agreement reached by farm organization leaders, tonight put the finishing touches on a new farm relief plan which the chief executive intends to forward to con gress in a special message tomor row. Leasing of farm lands to remove them from surplus production will he the center of the plan as redrafted by the administration. Through reduction in acreage, Mr. Roosevelt hopes to lift farm prices irom ineir present low levels.

Planting Estimate The bureau of agricultural economics' estimated today in its report of intentions to plant that farmers intend to.retire voluntarily 9,000,000 acres, or three per cent of their cultivated area, from the production of principal crops this year. Reductions in acreages devoted to corn, wheat, and other grains were forecast with an increase in tobacco. No estimate of cotton plantings was made as congress prohibited this activity by the bureau. larm organization leaders, whose plan consisted of a proposed enabling act empowering Secretary Wallace to select any or all of many-relief methods, proposed to include authority to apply the principles of the domestic allotment plan to wheat, corn, cotton, tobacco and other crops with provision for adjustment charges on processing to finairce the program in part. Seek World Pact The administration is planning to buttress the domestic program by seeking a world-wide agreement for curtailment of wheat production.

Some effort is being put forward to haye wheat made the subject -of negotiations at the world economic conference at London next summer. At'the department of agriculture this was regarded as a significant movement which will, however, re quire action hy this country to "get its own wheat house in order." L'n-lcss the new farm plan provides some definite method of scaling wheat acreage downward in the United States, this country will re main without machinery providing any sort of control over wheat production. Acreage Reductiona The planting intentions report forecast acreage reductions this year applying to corn, wheat, oats, barley, flaxseed, rice, potatoes, sweet potatoes and yams, dry beans, peanuts and cow peas. It predicted increases in acreages of grain sorghums, tobacco, soy beans, tame hay and spring wheat other than durum. Farmers in the eastern and central corn belt are planning a shift of about 2.000,000 acres from crops to pastures, partly because of thei (Continued On Fage 4, Col.

2) saaaaVk Says. DEVERLY HILLS, Mar. 15. My bank opened today. Instead ef being there te my little dab out.

I didn't even go to town. Showa yeu I heard Roosevelt en the radio. Bankers should have over their desks this motto. "God bless Roosevelt. God bleaa radio." And then.

S. God bless interest." But I am tailing you that Rooaevalt should come ahead of intereat. And all in trie world it took to do these things waa to forget about war debts, disarmament. China's plight, Germany's plight, and just concentrate one week en "America'a plight." America can crry herself and get along in pretty fair shape. But when she stopa and picks up the whole world and puts it on her ahouldera, she just ean't "get it Youre, Cie.

Co?" MtNauaat Syedketavleea City To Vote On Revision Of Charter Proposal Made To Scrap Commission Form For Aldermanic System PHOENIX CITIZENS at the election April 4 will vote on a proposal to scrap the commission form of government and return to the old aldermanic and council system. This was determined yesterday when the city commission ordered placed on the ballot for the election, at which the public also will vote on the proposed civil service restro-ation measures, the following proposition: "Shall further proceedings toward adopting a revised charter for the city of Phoenix, Arizona, be had." Those favoring the proposed re vision would vote those opposed voting "no." Charter Revision Proposed If the charter revision proposal carries in the election the next step would be the selection by the city commission of a committee of 14 freeholders who would revise the charter to provide for the aldermanic form of government. After revision, the charter would have to be submitted to a vote of the people for adoption. The movement for a change In the present form of city government, officials said, has been growing steadily for the past several months. Yesterday, however, was the first time the question had received attention from any official source.

Submitted By Ford The resolution passed by the commission ordering the charter revision measure on the ballot was submitted by George O. Ford, an active worker in city affairs. Mr. (Continued On Page 2, Col. 5) Murder Charge Facing Seamen LOS ANGELES, Mar.

15. (UP) Capt. Jerry Acalin of the fishing craft Acalin and two members of the crew, Mike Marin and Anton Bjazick, will appear before David B. Head, U. S.

commissioner, tomorrow charged with the murder of a Mexican customs inspector, Pedro G. Pineda. Although Mexican authorities are seeking to extradite the men for trial since rineda allegedly waa killed" near Ensenada, concurrent jurisdiction may be invoked by the United States and the case presented to the federal grand Jury here. The men denied knowledge of how Pineda They said he boarded the Acalin to inspect the fish cargo and, when a storm blew up, left in a rowboat to return to Ensenada. The inspector's body was found floating in Ensenada bay next day.

m. a Bai aw 'Plot' Is Charged Counsel Claims Verdict 'Arranged' To Force 'Whole Story' HEARING JRE CESSES Pardon Board To Resume Session Here Next Monday S1 TATF. PRISON, i 1-. (APi Direct rharzes mad to IMP Arizona miaru nt rardnn and Paroles tonight superior court jury which rr.nvi.trr1 Winnie Ruth of rnur.ifr of Acns Anno T.eroi made in itnnosp canital nnnish- for the nurnose of mnkinR her talk." The jury wa Influenced. O.

V. illsnn. of Mr. Judd's counsel. Informed the hoard, hy four of its members to behove that the hoard of pardons and paroles would commute the death penalty and that the threat of death held over the would force her to expose oilier the jurors believed he involved.

Climax Closed Hearing The charges climaxed a hearing which the board had nearn i.ui.t storv in detail and for ir hours lutd l-een closeted with fill' alone behind locked floors. eoiwlusion of tonight's ssion arrangements were made to resume the hearing in J.nncnu next Monday morning for presentation of evidence hy other Witness. The brief fierv session tonight follower) a secret sitting from which not onlv newspaper men but Mrs. Judd's attornexs had been excluded. Mrs.

Judd was not rsent when her counsel hurlefl charges of jury fixing and it not definitely made known whether she also had made the a line assertions during: the secret session. Asks For Tranacript Willson asked that the shorthand reporter's transcript ot the four hours of testimony from which all had been excluded be read i in fni'inn ion of the con demned woman's counsel and re-(Continurd On rae 2. Col. 1) Cord Assumes Aviation Helm NEW YORK, Mar. 15.

(AP) Success has once more crowned the efforts of the dynamic young automobile manufacturer, K. 1 Cord. With the election today of I B. Manning. Cord's right-hand man, as president of the Aviation Corporation.

Cord emerges triumphant in a tifclit which began last fall and which involved powerful Wall Mnft hanking interests. Kicht of the 17 directors. including President Richard K. Hoyt. re-aijjned.

Cord will be chairman of the new board and will move the fo vtpanv's headquarters to Chicago. The final chapter in the fight a told in the announcement of Hint, a partner of Hayden. Stone and Company. After disclosing his resignation as both president and a director, he added that those asso ciated with him "believed that it would serve no useful purpose to rnntinue as directors." The other directors who resicned included W. A.

Harrtman of Brown Brothers, Harrunan and Robert Lehman of Lehman Brothers. Matthew S. Sloan, former head of Con ciliated Gas, Charles 1 LawranrP, l.indlev C. Morton. George R.

Hann, ant Ianiotte .1. Cohu. Directors who continue In office with Ord include Frank A. Van derlip, I Manning. I Young, S.

Print t. C. Conway. M. C.

Meigs. A. G. Carter and C. C.

I'M rime. With his dominating position In the Aviation Corporation now secure. Cord can work out his own Ideas for aviation without the die of a Wall Street he has nev-r understood or liked. President To Act German Acts Irk Einstein KW YORK. Mar.

15. (AP) Alhert Kinstein announced himself as a voluntary exile for the Present from Germany hen he arrived here today from California. "is announcement was made in a answering a written Question newspapermen. How long he wilt remain out of Einstein's message said ft does not know. But he "will not Put foot on German soil as long: as renditions in Germany are as at Present." He sails Saturday for Antwerp, nere intending to decide his future course.

"I am no Nationalist- he said at a dinner in his honor at- "naed by some of the foramost tnerioan scientists, and leaders in i.no"- education, art and letters. The meaning of a people, in my he went on, "is that it econipiish something for hu-ttanitv" Without mentioning Germany he Rise Sets New Mark Wall Street Sees Boom With Reopening Of Exchange SPECTACULAR RISE Shares Surge Up $2 To $16 In Scores Of Favorites JEW YORK, Mar. 15. (AP) One of the most brilliant recoveries in security prices in the history of the New York Stock Exchange today attested the restoration of financial confidence which has swept the country with the reopening of thousands of sound banks. Shares surged up $2 to $16 in scores of favorite issues, and as measured by price averages, the gam over tha? final level of March 3.

when the market closed for its first important shutdown in 19 years, was more than 16 per cent, a single day's upsurge for which records of many years show no parallel. Bonds Advance The advance in bonds was just as striking. Many issues were swept up $10 to more than $50 per bond of $1,000 par value, and even several of the United States government issues, which normally move so narrowly that changes are reckoned in 32nds of a point, shot up as much as $10 to $30 per $1,000 bond. The Standard Statistics price average of 60 domestic corporate issues, tabulated since 1926, registered the sharpest advance in its history. The general level of -share regained all of the sharp losses of February, getting back to the beat level since January 31, and bonds.

as measured by the average of 60 issues, recovered the severe losss of the five days before the national banking holiday was declared, when these issues were severely depressed by banking pressure to convert resources into cash. Copper, Silver Up The big commodity markets such as the Chicago grain pit and the New York and New Orleans Cotto-j Exchanges were not slated to open until tomorrow, but staples in other markets joined the swift Ascent of securities. Silver futures jumped about a cent an ounce. While there was little trading in copper, futures quotations were boosted 8-10 of a cent a pound. Raw hide futures gained about a cent a pound and smaller advances were registered, in raw silk, sugar, coffee, cocoa and crude rubber.

Speculative interest in commodi ties was as keen as in securities and many of the more smartly ad vancing shares were those calculated to benefit from better prices for raw stanles for instance, sug ars, coppers, farm implements and shares of mail order companies. Seek Higher Pncea While the Dronounced strength of bonds scarcely bespoke incipient inflation, for the effect of inflation unon the fixed income securities is academically regarded as adverse, brokers renorted that the specula tive public was undeniably imbued with the idea of rising staple prices. (Continued On Page 4, Col. 1) Gains Indicate Public Faith TWENTY ONE Arizona banks were opened yesterday for normal business. Compilation of reports indicated the first major result was to swell to about $1,500,000 the amount by which deposits exceeded withdrawals in the two days since the banking holiday ended.

Seventeen Reopen On the first day only Phoenix banks were open. Yesterday, how ever, three more national and five more siaie oanKS ana me nine branches of the Valley Bank and Trust Company were given licenses permitting resumption of all banking services. C. White, superintendent of banks, announced last night that the Bank of Arizona at Prescott and its branches at Jerome, Flagstaff and Ctarkdale. and the Yavapai County Savings Bank at Prescott will be opened today.

Hoarding Negligible Few attempts to withdraw money for hoarding, in violation of the new federal regulations, were reported from other Arizona cities yesterday. In connection with these regula tions, officials reminded yesterday that today is the final day for reporting hoarded gold. After today all individuals found with gold will be fined, under treasury regulations, twice the value of the gold secreted. Deposits Heavy Managers of the nine branches of the Valley Bank and Trust Company reported last night to officers here 'that deposits their institutions during the day exceeded withdrawals by an aggregate of more than $250,000. Several of the branches reported that not a single account was closed iout during the first day of business after a 13-day holiday.

The rate of increased deposits (Continued On Face 4, Col. C) Of Order Grand Master Photo bv Bate MARQUIS L. GIBBONS Elected grand master of tha grand Masonic ledge of Arizona yeaterday, Marquia L. Gibbona of Meaa will be installed in office thia. morning at tha 51st annual communication of the-order here.

Beer Victory During Week Is Predicted Opponents Of Measure Plan Long Debate On Legality WASHINGTON. Mar. 15. (AD Congressional leaders were confident tonight of sending the house 3.2 rer cent beer bill to the White House by the end of this week after the senate finance committee had hurriedly approved the measure. Chairman Harrison of the committee expressed hope that the bill might be taken up and passed tomorrow, hut opponents of the measure served notice they were prepared to discuss its constitutionality at some length.

The finance committee's approval today sent the Volstead law modification measure up to its last congressional hurdle the senate within 48 hours after its enactment was asked by President Roosevelt in a special message Monday. The senate committee amenaea (Continued On Page 4, Col. 1) Chinese Open Manchu Drive SHANHAIKWAN, China, Mar. 15. (UP) Chinese troops today captured Hsinfengkuo from Manchu defenders, launched attacks on other Manchurian cities along the border of China proper, and dug in for trench warfare.

Japanese bombing planes, chiefly responsible for Manchu-Japanese victories in Jehol province fighting, remained on the ground today be-ca'use of stormy weather. Led by a new commander, the thin-faced, self made generalissimo, Chiang Kai-Shek, the same Chinese armies that abandoned rifles and equipment to flee in Jehol province, advanced with new courage today. Hsinfengkuo fell after a brief skirmish. At Chiehlinkou, a kilometer north of the great wall, fierce fighting took place. At Liuchiatsu, Chinese captured 10 Japanese soldiers.

They de-(Continued On Page 4, Col. 7) Young Roosevelt Reaches Tucson TUCSON, Mar. 15. (UP) Elliott Roosevelt, second son of President Roosevelt, today surveyed prospects of becoming a rancher in Southern Arizona and then decided not to announce any definite plans. However, he said he intended to settle here, but that he was undecided on what occupation he will follow.

He had little to say. Young Roosevelt is a guest at the home of Mrs. Isabella Greenway. one of bis father's friends. He said his wife and child probably will join him later.

He was accompanied by Ralph Hitchcock, a friend. They arrived Annual Communication Will Be Concluded Here Today Tucson Selected As 1934 Meeting Place; Delegates Select Other Officers "Vf -RQUIS LAFAYETTE GIB-XJ'L BONS, Mesa, was elected grand master of the Grand Masonic Lodge of Arizona, yesterday afternoon. The election featured the second day of the 51st annual communication of the Grand Masonic lodge. Mr. Gibbons' installation this morning will be one of the principal events of the concluding day of the annual session.

Tucson was named as the 1934 convention city. The sessions of the Grand Masonic lodge will open on the second Tuesday in March, with the formal opening of the week's meeting starting on the preceding Sunday. Succeeds F. O. Goodell Mr.

Gibbons succeeds Fred O. Goodell, Phoenix, who presided during the. annual meeting here. For the past year Mr. Gibbons has served as deputy grand master.

The greater part of yesterday-was devoted to business discussions. A number of resolutions were introduced, all relating to lodge work. The new grand master of Arizona has been a member of the Masonic order for 28 years, becoming first affiliated with the lodge through Oriental Lodge No. 20 in Mesa, where he is in the mortuary business. He was the first candidate raised in Oriental lodge after it had received its charter.

He is a past grand commander of the" grand commandery. Knights Templar, and a past high priest of the Royal Arch Masons. He also is a 32nd degree Mason in the Scottish Rite and a member of the Shrine. Other Officers Other grand officers elected yesterday, and who will be installed today were James Whetstine, Pres-cott, deputy grand master: Everett H. McEachren, Globe, senior grand warden? James R.

Malott. Globe, junior grand warden; Otis J. Raughn, Phoenix, grand treasurer: Harry A. Drachma Tucson, grand secretary; Carey B. Wilson, Phoenix, grand lecturer; and the Rev.

James R. Jenkins, Phoenix, grand chaplain. Mr. Baughn, Mr. Drachma and the Rev.

Mr. Jenkins were re-elected to their respective positions. Appointive officers will be announced and installed today. The formal opening of the 33rd annual session of the Grand chapter. Order of the Eastern Star, took place at 9 o'clock yesterday morning with delegates in attendance from all of the state.

The sessions will continue today and will come to a close at noon tomorrow, bringing to an end the annual meeting of the Grand Masonic Bodies of Arizona which opeped last Sunday evening with the devotional services for the grand commandery. Knights Templar, at Trinity cathedraL Grand Maaonie Ball The climax of the social events of the week occurred last night with the grand -Masonic ball in the Shrine auditorium. More than 1,000 attended. A smoker for Masons was held last night from 7 to 9 o'clock, in the lobby of the Masonic Temple. Delegates to the convention attended the weekly luncheon meet-continued On Page 4, Col.

3) Danger In Neglected Feet Do you realize how many ailments your feet are subject to-fallen arches, corns, ingrown nails, callosities, warts, athlete's foot, chilblains, blisters? Do you know the many simple causes of these sometimes serious ailments improperly fitted shoes or stockings, incorrect standing and walking, lack of proper exercise Are you aware that from the feet spring disorders that sometimes result in permanent injury, or death? Too great stress cannot be put on the importance of correctly caring for the feet. They are the foundation on which you stand. The booklet, CARE, OF THE FEET, contains authoritative general information on treatment of minor foot ills. Send in this coupon for your copy of this helpful booklet-Enclose six cents to cover cost and postage- Arizona Republic Information. Bureau, Frederic J.

Haskin, Director, Washington, D. C. I enclose herewith SIX CENTS in coin (carefully wrapped) for a copy of the booklet on CARE OF THE FEET. Kama Street City State ava a Victory Senate Amendments Send Measure To Lower House VOTE IS 62 TO 13 President Given Power To Cut Veterans' Benefits WASHINGTON. Mar.

IB. (AP) After three days and two nights of furious debate, the senate tonight gave overwhelming approval to the bill granting- President Roosevelt power to reduce veterans' benefits and federal pay to the extent of half a billion dollars. The vote 62 to 13 sent the bill back to the house for action on a host of senate amendments. Most of them were unimportant and none would curtail sharply the sweepinr economies proposed to cut down the big federal deficit If the changes made are acceptable to Mr. Roosevelt, the house will concur.

If not, the measure must go to conference. See Quick Action Even in that event, however. tartv leaders were confident the bill would he in the chief executive's hands by tomorrow night. The house passed the Saturday 266 to 138. bill last Senator Robinson Democratic leader.

of Arkansas. estimated the senate amendments would cut the proposed savings by a maximum of $10,000,000. but this still kept the estimate of the total economies around the $500,000,000 mark. Lineup Of Vote Only four Democrats and nine Re publicans voted against the measure on the orll call. 43 Democrats and 19 Republicans answered "Aye." Hayden, Democrat.

Arizona, ask ed to be excused from voting "because of pledges I made to my con stituents. Huey Long, Louisiana Democrat, one of the four of his party to oppose it on final passage, replied an emphatic "No sir" when his name was called. The bill grants swepin; and wn-usual powers to the President to re-(Continued On Page 2, Col. 2) State Audit Group Named FTVE MEMBERS of the etate legislature yesterday were appointed to the special investigating committee which will audit all state and county records. President Harry W.

Hill of the senate appointed Sens. James Minotto, Maricopa. and John Francis Connor, Yavapai. Speaker S. A.

Spear appointed as house members Reps. Joseph M. Peggs, Mohave; I Alton Riggs, Maricopa, and V. C. Wiggins, Yavapai.

The five-man committee waa appointed in accordance with the terms of House Bill 228. introduced in the lower house by Speaker Spear. Appropriated for its was $20,000, while the highway commission was ordered in addition to budget $5,000 for the investigation of the highway department's records. "The committee," the bill provided, "shall have and possess as to such investigation all of the powers extended by sections 13, 14 and 15, Revised Code of 1928, and shall report immediately upon completion of said investigation." The committee will be required to place its report "before the governor and attorney-general, and if in their judgment the findings warrant such action, the attorney-general shall take such steps as may be necessary to procure the filing of an information against any officer of said state departments or institutions or or other person responsible for the conduct of its affairs, who shall be deemed to have been (Continued On Page 4. CoL 4) Soviet Faces British Anger LONDON, Mar, 15.

(AP) Stanley Baldwin, lord president of the council and acting prime minister, told the house of commons today that the British ambassador at Mos cow had been instructed to make representations "in strong: terms" to the Soviet government in connection with recent arrests of British subjects there. Six British subjects affiliated with the Metropolitan-Vickera Com pany. a British electrical machinery concern, were arrested Saturday and Sunday, alonr with 25 other employes. They were charged with sabotage. "The government ia convinced there can be no justification for the charges on which the arrests were made, Mr.

Baldwin tola the nouse. The British ambassador, Baldwin said, received "no categorical or satisfactory answer" when he asked to be informed about the exact charges and the facilities wnlch (Continued On Pax 4, CoL ft) E. Farrin. Special music waa provided by the Pima ward choir and Mra. Hoaio Follett.

Interment waa in Pima cemetery. Tornado Toll Mounts To 34 In Tennessee Many Homes Wrecked And 200 Injured As Storm Rages N'A I TVILLE, Mar. 15. (AP) The trail of a tornado's devastating fury from one end of Tennessee to the other was marked tonight by 34 dead, about 200 injured and piles of wreckage that used to be homes. The storm arose last night along the western banks of the Mississippi river in Arkansas and Missouri and swept eastward to the Cumberland mountains.

The terrific wind treated cities, hamlets and countryside alike. At least 10 persons were killed in Nashville, the state capital: seven in Pruden, a mining town near the Tennessee-Kentucky border; four in Lebanon: six in Kingsport near the base of the two each in Harrogate and Rogersville and one each in Oswego, Millpoint and Rellwood. At Pruden 400 Tiom.es were destroyed and the waterworks pumping station was damaged, making it necessary to haul drinking water from a distance. National guardsmen were placed on duty throughout the stricken area. Red Cross workers went into action, and doctors and nurses made their way through the debris to care for the injured.

Residents turned vigilantes. armed themselves and stood guard to prevent looting. A little -while after the storm struck the Salvation Army was on hand with coffee and doughnuts for refugees and relief workers. In Nashville police and firemen were put to work clearing the streets of debris and aiding the homeless. Nashville got the full force of the blow that bowled over homes, (Continued On Page 2, Col.

2) Chicago's Mayor Held Powerless CHICAGO. Mar. 15. (UP) The citv of Chicago, which struggled along for a month with- no mayor to rule it, faced a suddenly reversed and even more puzzling situation tonight in having a "mayor" with power to rule. The city was virtually without a mayor for three weeks after Anton J.

Cermak was ahot by an assassin in Miami. Fla, Cermak'a death made it mavorless in fact. After hours of bitter debate, the citv council selected Alderman Frank J. Corr last night to succeed Cermak temporarily. The 56-year old Democrat assumed "control" as a puzzled crowd watched htm ascend the mourning draped rostrum where Cermak had presided.

lie was hailed as the "new mayor" but today it was admitted he has little authority to act. Doubt over hi powers arose from a decision by Corporation Counsel William H. Sexton that the council had no authority to select a temporary mayor. Prepared For Jobless WASHINGTON. Mar.

15. (UP) President Roosevelt tonight was readv to launch his "back to the woods" program for 200.000 of the nation's jobless and at the same time move to aid the farmers times end low prices. Ull. lv This program was summed up by friends of the President simply IU 1. The putting of people to work as soon as possioie.

2 An effort to increase, without delay, the value of agricultura. products. It was stated that Mr. Roosevelt 1.4 unit hia unera- plovment relief recommendations to congress tomorrow ia hope of early action. He was represented as feeling that me xwo nenis of "constructive legislation, and therefore of first The details' as to financing of the unemployment relief scheme were worked out during xne aay in White House conferences, it was reported.

No specific information about the two schemes could be learned. pnMeveit it was under loaned to the proposal that treasurv balances be drawn upon to help the plan into operation. These runas wouia sup- nminl the SSOO.000.000 bond IS- Twenty -One Arizona Banks Report Increased Deposits Funds For Earthquake Victims Sought Here Nation Speeds To Normalcy (By Aaaociated Press) The nation's banking business sped along the return path to normalcy yesterday under the authori zation of federal and state officials. Throughout the day governors of the 12 federal reserve districts announced additions to the list of member banks sanctioned to reopen under President Roosevelt pro gressive plan, and state banking authorities worked feverishly issu ing licenses for non-member institutions to transact normal business or operate under restrictions. Exchangee Reopen Major stock exchanges resumed operations and a wave of buying carried stocks 2 to 10 points above premoratorium quotations.

Trading in the sugar futures market was resumed with active covering and speculative buying. The New York cotton market and Chicago Board of Trade resume transactions today. The speedy reopening of banks gave all states almost normal facilities. In the 10th federal reserve district less than 100 of the 769 member banks remained closed. Confidence la Manifaat The same rapid resumption of operations continued in every reserve district.

Governors were busy preparing recommendations of conservators for many institutions which had not reopened. The public continued to manifest its confidence in the soundness of the nation's banking structure by depositing far greater amounts than it withdrew. WEST REVIVED SAN FRANCISCO. Mar. 15 (AP) Business came back to life today in the Far West as an even 600 banks in the 12th federal reserve district resumed their function of pumping currency and credit (Continued On Page 4, CoL 2) A ONE-DAY drive for $1,385 will'i be made today by Central Arizona chapter, American Red Cross, for Southern California earthquake disaster relief.

The dire need of help for the striken area was stressed by Gow ernor Moeur in a statement to the public yesterday. He said: "To the people of the state of Arizona: "The state of California has been visited by a serious major disaster. and is in dire need of help. The American Red Cross has been desig nated by Governor Rolph as the of ficial relief and rehabilitation agency. "As governor of Arizona.

I appeal to the people of this state to sub-scribe to this fund unhesitatingly and to the utmost of their ability." There will be no house to house canvass. Subscriptions to the tuna should be mailed or taken to Red Cross headquarters. 134 South Cen tral avenue. Phoenix. All checks should be made out to the Ameri can Red Cross Relief Fund.

The Central Arizona chapter rep resents the communities of Mesa. Tempe. Chandler. Glendale. Gilnert.

Scottsdale and Buckeye. The national quota fer relief in the temblor-torn area Is $500,000. of which the Central Arizona chapter quota is In the last disaster relief drive i (Continued On Pace 2, Cel. 1) (Continued On Page 4, Col. 2) late last night.

tcontinued On Pate 4, CoL.

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