Iola Daily Register And Evening News from Iola, Kansas on March 13, 1933 · Page 1
Get access to this page with a Free Trial

Iola Daily Register And Evening News from Iola, Kansas · Page 1

Iola, Kansas
Issue Date:
Monday, March 13, 1933
Page 1
Start Free Trial

STATE HISTORICAL t^eZiTY COM P. TOP£KA *EAM. lOLA VOLUME XXXVI. No. 116. SuccBMor to The lols! Daily Regiiiter, The Iiila Daily Keeord, and lola Dai|y Index. lOLA, KAS., MONDAY EVENING, MARCH 13, 1933. Tha Weekly Reziater, Eatobliabed 186T. The lola Dailj' Heciater, Ektabliahed 1897. SIX PAGES lOLA BANKS MAY BE OPEN WEDNESDAY NO HOARDING ONLY RESTRICTIONS TO BE ENFORCED IN A STRONG POSITION Can Meet Demands Without Getting Any New Currency Attention was called today to the fact ,that the opening of i slate banks in lola is contingent on the opening of federal reserve banks also, and tliat there is a '•bare passibll- ity" that tlie lola banks will not o|jen on Wednesday. lola bankers said, however, that every indication pointed to an order to open on Wednesday. Both lolu bank.s may be open for the "normal" traasacvlon of basl- ncs-s Wedne.sday under; authority of CiovernDr All M. Landon and in accordance with the regulatlonH of.the federal government. It wan «n- iiouiiecd today. BrlnKliiK I" an end Uie liolldny which hAH been In force since March 4,. Tola wll! bo ninontf the flral lownH of llii Hl7,(> in KimHiw to re «ume UH ordinary exchnnKf of money. Today bimkn In cItlOH where lire located federal rewervo depoHl- torli'N lire open under lleetine of the in -nHury. Tomorrow In .Moverul wcore more cIlli'N where recoKnIzed elear- Inii house a«!»oclatlon« exlal. hun- dredH of other banks will open. Then on Wednesday banks In other cities Will p|)en sub.|rct to the authority granted by the variou-s state governments. Both banks were in receipt today of reculatlons governing their opening Wednesday. The communication, which explains the limitations which are to be enforced, follows: . Restrictions Afpainst Hoarding. . To all Banks: Pursuant to the authority granted b\' the legislature of the State of /Kansas and the proclamation of the ' president of thei United States, we hereby notify your bank that you are authorized to reopen for the purposes of (1> performing such banking functions as may be performed by banks: in your community which are members of the federal reserve system, and (2) which your bank may desire to perform; sub' ject to the following restrictions: ' (a) No gold or gold certificates shall be paid out. (b> Payment of currency: for hoarding is prohibited. <c) You are authorized to permit customers to check against balances for necessary business transactions, where paymeht_ of currency is not required, but shall have full authority to lirriit any such withdrawals that are for the purpose of shifting accounts from your bank. (d) iXTntil clearing centers function in a normal way. out-of-town items should be; handled as collections to protect the bank against payment of cash or exchange of ^credit on uncollected balances, (e) No re.strlctlon of any kind .shall'apply to repayment of sums deiJosited betwetjn March 3 and the date of your reopening. This order shall take effect at the time fixed by order of the pre .sldcnt of the United States, for the reopening of bank.s. ; Alf M. Xandon. Governor. ' H. W. Koeneke. Bank Comm. Power I to Banks. It was pointed out that the individual banks w :lll • be given broad powers within their own discretion to prevent the hoarding of money. Local banking lofficiaLs said that since they are iso well acquainted with the,ordinary currency requirements of their depositors, it will not be difficult to detect and prevent vany attempts to withdraw large amounts of money for hoarding purposes. As a concrete example of the sound jjosltioh bioth lola banks held before the holiday, and as a result .since the holiday, it was announced that none of the^ new currency is to be shipped to lola. Both banks, it was asserted, are in such a position . relative to their cash resen'es, that (Continued on PageG, Col. 7.) EARLV BIRDS INVESTIGATE HOUSE SITUATION. The C. E. Russells and the Rev. W. P. Whartons are great lovers of birds, so they have erected a lot of bird houses on their properties on East Madison and South Cottonwood streets and on the vacant lot at the comer of those streets, as everybody who passes that way doubtless has obsen'ed. And long ago they noticed that early in spring a pair oif martins arrive and spend a day or two carefully Inspecting the birds houses. Then they disappear for a week or two weeks, depending apparently on the \veather. Then they come back with a whole flock of other martins along with them, and they all biegin furiously building their Inests and getting settled ; for the suihmer. Well— • The first pair of martins arrived today, so C. E. Russell jr., reports to The Register. These are the scouts. Tomorrow or next day they will disappear. Then, if their report Is favorable, next week or the week after the main army will arrive and the air will, be a-flutter with wings in thafi neighborhood , for the next five or six months. Now who can figure out who gives this first Inspecting pair Its orders to set out on this .scouting expedition and how It Is given? 'And who can tell how the .scouts make their report un- dpi-stood to the other birds? "There are more things In heaven. Horatio, than are di'-Hmt of In your philosophy," Or words to that effect. WEATHER and ROADS FOR KANSA^—Fair and colder tonight; Tuesd^^ fair and slightly colder^in east portion. For lola and; Vicinity—Fair and colder tonigkt and Tuesday. Weather outldok for the week beginning today: For the Northern and Central Great Plains—Some precipitation at, the beginning, followed by fair and colder weather; moderating toward the end of the week, probably ^-ith some precipitation. .! . ' , Temperature-^Highest yesterday, 601 lowest last night 58; norma'l for today 43; excess yesterday 16; excess since January 1st. 475 degrees; this date last year—highest 45; lowest 14. Precipitation for the 24 hours ending at 7 a. m, today 0; total fot fhis year to date 3.90; deficiency j.-iince January l^t, .02 Inches. Relative humidity at 7 a. m, today 58 per cent; barometer deduced to sea level, 29,37 Inches. Sun rises 6:36 a. m.; sets 6:27 p.m. Weather and Dirt Roads. Emporia, Coffeyvine, Ottawa,: To- pelca, Manhattan, Pittsburg, Arkansas City, Wichita, clear, roads good. ROOSEVELTIAY MEET SUCCESS First Test Shows Victory For Proponents of Economy Bill Wni-hlngton, Mar. 13, (AP)—Presl- d"ti; Roosevelt's first contest with wh .".t his predecessor called "or- ganl7 .cd mliiorltles" Is likely to end by Wednesday night with laws on the statute: books permitting him to cut 600 ihillion dollars from fed- pinl expenses. I^en opponents of the latest plan —to give Mr, Roosevelt unprecedented powers to reduce veterans benefits and federal salaries by half a billion—conceded today tha,t tha, pconnmy bill passed Saturday by the house would have senate approval tomorrow or Wednesday. The senate today tabled a mo tion by Senitor McCarran (D. Nev.) to refer the economy program to the judlciai-y committee. Failure of the attempt to send the hill to committee represented a srvcre setback for foes of the legislation. Its advocates immediately expressed inore confidence that the drastic authority requested by Presl- drnt Roosevelt over veterans and feder.-'l payToll costs would be granted within the next several days, the house having already voted in favor. Tills, combined with reorganiza tion authority already granted by tlic last congress, completes, for the time, the immediate economy steps of the new president in his attempt to make good a campaign and platform promise of a 25 per cent reduction in expenditures, - Pcmocratlc leaders anxious to pur. thro'.iGh Mr, Roosevelt's economy bill drew cheer from concessions opponents that senate passage wa? a-sfurcd. ,Scnator Hun-lson of Mississippi, chalnnan of the finance committee and in charge of the legislation, announcing that he would call up the proposal in tne senate today, said: riopubllcan and Democratic votes will pa .sE this bi-partisan measure." And Senator Connolly '•• (Denu li.-::.) who voted against fmanc.-: rfn-.nlttec approval of the bill conceded It would pass without change. There remained possibilities that senate Democrats might spilt as did that party In the house Saturday before the economy bill passed there 266 to 138. Senate Democratic leaders, however, did not plan :i preliminary party caucus like that which brcuglU the house difference into the open. Instead, they counted on a majority of the Democratic votes and expected many Republicans to Join thnm. Senator McNary of Oregon, the Republican leader, indicated he would do as did Representative Snell of New York, G. O. P. chief in the house, and suggest tnai regulars in their party vote lot the bill. i In the house Saturday, the measure was approved only because 69 Republicans supported the bill. Had th?y voted the other way, it would have failed by 10. ARRON J. IVULLER SUCCUMBS Aged Resident of Poor Farm Dies After Fire Razes Bnildlnff 1 Arron J.'Miller, 90-year-old res-i' ideht| of Allen county poor larm, died [here last Saturday from the resultp of an attack of pneumonia. It is possible that the shock of having to be carried from the home to an ambulance the night the fire broke out hastened his death a few days, but he was critically ill prior to that time. Th£. funeral will be held tomorrow at 10 a. m. in the Sleeper service rooms and burial will be made in the lola Cemetery. The Rev. A. V. Howliind will have charge of the ceren^onles. Mr. Miller was bom In Illinois but has spent the past 50 years in this cbunty. coming here among the earliest settlers. He Is survived by his wife, Mrs. Katherlne Miller of lola, and his goo, Harry Miller of lola. ! POLLS TO BE OPEHDESPITE BANK HOUDAY City Primary Tomorrow Eclipsed by Financial Crisis CALL THE REGISTER Results of Balloting: to Be Available According^ To Custom lola voters will go to the p^lls tomorrow to ballot on candidates for city finance commissioner, the school board, and school board treasurer, athough conversation on political subjects has been lagging due to the Importance of financial matters which have been occupying the minds of virtually everyone. With pleasant weather forecast and a heavy registration on the books, candidates were looking for a large vote when the polls open at 7 a, m. tomorrow. If every voter registered on City Clerk T. E. Shanahan's books were to exercise his franchise tomorrow, 3224 votes will have been cast by 7 p, m., the time the polls close. The reglsiratlon by wards: Men Women First Ward.,. 377 392 Second Ward 278 246 Third Ward 279 292 Fourth Word 340 397 Fifth Word 211 ICO Sixth Word 138 114 Tlio candidates who will be bo- foro the voters tomorrow In the race for city finance commissioner are united In their prc-prlmory promises for strict economy in the nd- mlnlBtrotlon of city nfTolrs. But two of the seven however, will be given the possibility of election at the prin^ary. Five of them must be eliminated tomorrow. The candidates: M. C. Langley, O; W. Holmes, E. D. Shields, C. L. Hoyt, J. D, Buchanan, R. I, Mather, and P, B. Murdock. The two who receive the most votes tomorrow will oppose each other at the election to be held later. All of the candidates for the school board and treasurer of the board will be advanced to the elec- ton automatically. There are six in the race for the board and since three vacancies must be filled each candidate will have a chance at the election. The three highest then will be named. The situation Is similar for the treasiu^r's office. The two candidates, Jess Benson and Gene Harrison will oppose each other both at the primary and at the election, and the one receiving the most votes at the second balloting will be the hew treasurer. The board candidates: J. O. Allen, Charles Punk, C. C. Hite, J. C. Ut- trell, C. E. Russell, and ~ Ralph Stephenson. Following the custom of past years. The Register wll begin tabulating results of the voting tomorrow and such information as is available will be given out at'the office of The Register beginning at 8 p. m. Calls to 18 or 19 will be answered as expeditiously as possible. No change has been made in the ward polling places. They follow: First, Baptist Temple; Second, Memorial Hall; Thrd, Fire Station; Fourth, McMurray cabinet shop; Fifth, Beckes building; Sixth, Scho- merua grocery store; and outlying districts In the court house. The primary will be held tomorrow despite a law passed recently by the state legislature setting the date f6r, primaries as Silarch 27. . Primary elections In second class cities operating under the commission or manager form of government are to be on March 27 this year under a law enacted by thi legislature and now effective. Prior to enactment of the law, due to conflicting statutes on the subject, some cities had planned to hold primaries tomorrow. In previous years attorneys for the League of Kansas Municipalities contended a statute fixing th..second Tuesday of March as the primary election date for second class cities should be followed while the attorney general's office, ruled another statute, fijdng the election dates as the second Jtonday preceding the general election, controlled. John G. Slutz, secretary of the league, said today the organization, following enactment of the law last week, had issued a bulletin stating the primary elections should be the second Monday iareceding the general election, which this year would place the primary date on March 27. ' Several cities which had planned to hold primary elections tomorrow have postponed the date 'unti! March 27. The general election date this, year for first and second class cities Is April 4. First class cities also will have their primary elections on March 27. In third class cities, which hold no primaries, the election date is April 3. Former lolans Believed I Safe in Earthquake Area Many Here Relieved of Anxiety as Messages Come in Telling of Relatives and Frieb^a Who Escape Injury in Cali- | fomiaJ-Some Are Not Reported Yet. Many lolans were among the thousands in the nation^ who were relieved of anxiety over the weekend as messages came to them from relatives or friends In southern California informing them that they were Safe and well after the earthquake which took the lives of scores and injured thousands more last Friday and Saturday. ; But there were others also who are still anxiously awaiting news, drawing scant comfort from the old saying that no news is good news. ' Among those lolans who have heard from their friends or relatives are severa] prominent in lola. Dr. L. W. Sinmiohs received a telegram from his father and mother Saturday at midnight telling h|m that they were safe and well, although the apartment building which they own and In which they live was damaged extensively. Ballou Helgele, owner of Reigele's harness shop, received word from his sister, Miss Margaret Helgele, that she.and her parents, all of whom live In Long Beach, were safe and that "no damage was done us." Miss Theta Brewer, employed at the postofflce, was Informed that Miss Adda and Miss Elsie Adams, SNUFFER AT CURRENT TOPICS Commnnlty Club to Meet at Portland After Speech Tonight The Rev. R. D. Snuffer, pastor of the Presbyterian church, will speak at the meeting of the Current Topics club which Is to be held in the Portland hotel dining room be- giiming at 6:15 p. m. today. Following the meeting of the Current Topics club, the lola Community club will convene In the same room hi lt« first regularly scheduled meeting. IF YOU VaS& THE REOISTEB CALL 197 OR 030. POPE NAMES SIX NEW CARDINALS Names of Two More to Be Appointed in Future BcinK Kept Secret Vatican City, Mar. 13. (AP)—Pope Plus presided today over a 'conaU- tory for the first time in nearly three years and created six new cardinals. They are:, Pletro Fumasoni-Biondl, until now opostolic delegate at Washington. Jean Marie Rodrigue Villeneuve, archbishop of Quebec, Canada! Angelo Maria Dolci, until now apostolic nimzio to Rumania. Theodore Innitzer, archbishop of Vienna, Austria. Ella Delia Costa, archbishop of Florence. Maruillo Fossatl, archbishop of Turin. In reconunendhig creation of the new cardinals, the pontiff described them as "the six most distinguished men who, either by reason of diplomatic legations abroad or by diligent administration of their episco­ pal charge, have greatly commended themselves to us as worthy of being incorporated Into the senate of the church." Referring to the two additional, cardinals to be appointed In the future and whose names are kept secret, he called them "two other distinguished men." The pope did not make the nominations of new bishops and archbishops as originally scheduled for today. They were postponed until a- secret consistory Thursday, fplr lowing a public consistory on the same day. New bishops for Seattle and Syracuse, N. Y., were expected to be among about twenty named. Christian civilization is threatened by "a war on human society, on religion and on Ood Himself," ^he pope told the consistory. Painting a dark picture of the "critical international situation,",the pope said disaster—moral, Intellectual and spiritual—was being prepared inevitably for nations where- ever the church Is combated. The ' pontiff promised that he would dally pray that Ood confer "concord upon the conferences and conversations that will take place precisely during this holy year for world economic readjustment, for disarmament—may it be effective materially and morally—and for war ddbts." He invited every one to pray with him. The pope outlined to the 23,Intently Ustening cardtaals the diffi? culties of the economic crisis in which the weakest suffer the most and then asserted "there however, is one class of men who derive advantage—a sad advantage from the general hardship and misery." Russia, Mexico, and Spahi, and also countries in Central Europe "show only too clearly what may and must be feared wherever their nefarious,propaganda Influence pen -r etrate—and where they do not penetrate," he said. RUNAWAY TRUCK ON RAMPAGE Machine Left In Reverse Starts When Motor Is Cranked. A runaway delivery truck caused no Uttle excitement and some property damage on South Jefferson during the- noon hour today when It went on Its unexpected, and driverless Journey from in front of the Taylor hatchery, to the front of the W. H. Wood furnltiu^ istore. A driver for the hatchery, which owns the machine, went out to the curb In front of the building to crank the motor; He gave the crank \A twist and the motor started Immediately—and:so did the truck. Left in reverse, the anhnated machine backed away from the curb, ran across the street, collided with a delivery truck owned by W. H. Root, damaging It considerably, knocked down a couple, of pillars supporthig the wooden sldevfalk awning In front of Mr. Root's plumbing shop, and proceeded north on the sidewalk in front of the furniture shop. It finally came to rest after having broken some of the basement windows in the furniture rtore buUdtoi. her aunts who formerly lived in lo^. but now Uve in Long Beach, are 'safe. I , Mrs. Mona Dalgamo and h^r daughter Diaima, and Mrs. Dalgar- rxff mother, Mrs. Pearl McCallen, who are in Los Angeles, are safe accordhig to a telegram Miss Viola Dalgamo received Saturday. ' Mrs. Sarah Wentworth was iri- formed of the safety of Mr. ai^ Mrs. Chauncey Wentworth and their son Robert, and i of Mr. ai^d Mrs. Byron Wentworth. ChaUnc^y and Byron are Mrs. Wentworth's sons, and Uve in Long Beach and San Pedro, centers of the afflicted area. A. W. Martin, 818 North Buckeye, was informed by wire Saturday that his son A. W. Martin, and a daughter, Mrs. L. A. Briggs, both residents of the earthquake area, were imharmed. Among those who have not heard directly from their relatives and friends in California are Mr. and Mrs. Winfield Jones, whose daughter, Miss Margaret Jones, is in Lbs Angeles, Miss Jones is lUing with Mr. and Mrs, M. J. Rumsey. former residents of lola, Mrs. Rumsey Is a sister of Mrs, A. B. Twadell and of Mrs. Ray Bell, and no word has been received from them. Consolation Is taken from the fact, however, that Ixw Angeles was not shoken as severely oa • were other cities. No word likewise has been received from Mrs. M. M. Wlnebreh- ner, a niece of Mrs. Bartle Dean of lolo, or from Mr, and Mrs. Ira E. Potterson, former residents of lola. Mrs. Patterson Is a sister of Mi^s. D. A. McDonald and Mrs. C. L. Whltaker. Also among those safe are Mr. ohd Mrs. W. H. Soling and their children I who live In Long Beach. Mrs. Sayl- Ing's parents. Mr. and Mrs. B. A. Sutton received word to that effect lover the week-end. FREE PLAY THURSDAY Junior College Dramatics Class to Present "Mignonette" with No Admission Charge. Next Thursday evening the play, "Mignonette," a romantic drama, will l)e presented in the senior high sdiool Auditorium by the Junior college dramatic class under the direction of Mrs. A. E. Garrisofi. There will be no charge for admission, due to the financial conditlori, but a free will offering will be taken to defray the expenses. The play has a high royalty but by special permission from the company that has been reduced. The play is very similar to "Smil- in' Through" which was produced several years ago to a capacity house. Requests have been made for a long time for a similar play. This play was chosen because of that demand. i The play is of a serious dramatic natiwe with bitterness and misunderstanding running through the story. Right overcomes all obstacles, however, and the light of tm- derstandlng. Joy and happiness replace hatred in the end. The first and third acts take place in the year 1932, but the second act is played in 1861—a year of hoop- skirts and beaver hats. The class has worked many hours on the difficult lines and scenery. The setting of the story is an old fashioned garden with Its array of hollyhocks, roses, narcissus blooms and vines clmblng over the old rock wall enclosing the garden. The quaint little cottage Is in the background. The sewing classes under the direction of Mrs, Rhodes and Miss Moyer have made beautiful costumes for the second act. There will be a reservation of tickets beginning today at Cook's drug store. Only a limited number of tickets will be given to each iri- dividual. If there is a demand for a repetition of the play, it will be. repeated Friday night. Mrs. Garrison reniarked today. "We have worked many hours on this play. It is the last Junior college play of the year and it is XSOR of the very best ever presented. This play is going to l)e as impresislve as our play several years ago, "Smil- in' Through." HOKE FUNERAL HELD SUNDAY Aged Resident Snccombs Friday After Lingering Illness i The funeral of William Henery Hoke, who died here Friday, wais held yesterday afternoon at 3 o'clock in the Nazarene church with thie Rev. M. C. Bishop and Tom Hackett officiating. Burial was made; in Highland cemetery. Mr. Hoke died after several years of poor health at the age of 88. He is survived by his wife, Mrs. Eliza J. Hoke of lola; four sons: Jake Hoke of Hmnboldt, Frank Hoke of lola. Charley Hoke of lola, and John Hdce of lola!; three daughters: Mrs. Fred Coffield of Yates Center, Mrs. Jim Hadley of lola, and Mrs. John Richards of Greenwich, Kas. S. A. AWARDS ON WEDNESDAY Prltes for Sonday School Attendance to Be Given The "Young People's Annual," the occasion on which members of the Salvation Army Sunday school are awarded prizes for regulai- attendl- ance throughout the year, will be l)(eld In the Army hall Wednesday ^t 8 p. m.. Miss Bessie Crouch, orgp- anization official, announced today. A program consistng of a pageant, recitations, and music will be given. PRESIDENT ASKS BEER WITH A TAX SURPRISE MESSAGE THE SHORTEST IN HISTORY VOTES AVAILABLE Leaders Predict Passage Of Legalization Measure in Short Order CHEERS FROM CONGRESS Democrats Are Still With Roosevelt on Any "Proper" Bill Washington, Mar. 13, (AP) —In a surprise mess^ige of two sentences. President Roosevelt asked congress today to enact beer legislation immediately. Democratic leaders of both senate and house let him know at once that they would follow his recommendation. Vice-president Oamcr referred It to the senate finance committee. Speaker Ralney tiuTied It over to the house ways and means committee. •The prospect was that within a few days both branches would approve the legislation and put taxes on the beverage aimed ;to bring in 150 mlUlon dollars a year toward balancing the budget. Called at the White House "the briefest presidential message in history," Mr. Roosevelt's seventy-two words were: Shortest Message. "I recommend to the congress the passage of legislation for I the immediate modification of \ the Volstead act, in order to legalize the manufacture and sale of beer and other beverages of such alcoholic content as is per- mlssable lUider the constitution; and to provide through such manufacture and sale, by substantial taxes, a proper and much needed revenue for the govemmerit. "I deem action at this time to be of the highest importance." The Democratic leadership and anti-prohibitionists expressed confidence the votes to pass the bill without ado were to be had. "I, hope it; may be disposed of as promptly as may be found practicable," said Senator Robinson of Arkansas, the Democratic leader, adding that "we will have to get this economy program out of the way first, however." Few members knew the message was coming. When A. E. Chaffee, reading clerk, read the first line, shortly after the noon meeting hour, the house burst Into wild applause. Persons in the sparsely filled galleries Joined the members. A few rebel yells were shouted. At the conclusion of the short message, some members stood and applauded. Wine Cornea Up. After Representative O'Connor (D., N. Y.),'advocated a beer of 3.2 alcoholic content. Representative Kahn (R„ Calif,), asked about wine. "I understand 35 per cent wine is not very Invigortithig, O'Connor replied as members laughed, but he added he thought that something could be done about wine. Then Blanton (D.. Tex.), a pro-, hlbitionist, took the floor to say his "confidence in the president still is unchanged." "He has not requested the house to legalize beer of an alcoholic content that is hitoxicattag." he added. "I want to calt your, attention to a report on the CoUler beer bill signed by some of the finest Republicans who ever sat in the house. "They said that 3.2 per cent beer would be Intoxicating and that they could not stultify themselves by vio- lathig their constitutional oaths and vothig for it." Patman (D., Texas), Interrupted Blanton to say that his Texas colleague had xffged the house Saturday to support the president on the economy bill. Patmah voted aigainst "Are you still In favor of gotog along with the president?" Patman asked. "Yes," Blanton said as the house applauded. "The president doesn't ask for In- toxicathig beer; rm behind the president on every proper measure he sends up here." Chahman Doughton called the house ways and means committee to meet tomorrow after the Republicans prepare thehr. slate of members. The Democratic committee slate already has been approved by the house. Representative Ford (D., Calif.), a new member, in a speech urged that the ways and means committee give consideration to the legalization of wine along with beer. "CaUfomla has Just been visited by a major catastrophe," Ford said. "It will strain her resources for the next two or three years to recover. I respectfully suggest that the ways and means committee members will do what they can for wine. THE BANK SITUATION AT A GLANCE. CBy the Associated Press.) Many of the nation's banks reopened without restrictions today and everywhere officials reported that business was being done "at the right window." (Bankers say "the right winr dow" is the receiving teller's window. It is here that deposits are made.) Leading the list of those resuming operations under the plan outlined by President Roosevelt were members of the federal reserve system. Institutions in cities.with recognized clearing houses will open tomorrow and banks in smaller places will follow suit as rapidly as state or federal authorities can approve. Many savings banks and private institutions also were doing business again. In Npw York the savings banks could restrict withdrawals ito $25. Official quotations on the dollar resimied in foreign markets and confident traders reported activity. In London the dollar opened at $3.43% to the pound sterling, onei cent higher than the last clos^ before the Ameri-r can holiday. > The New York stock • xchange has not set the date fo; resumr ing trading. No; gold was available for hoarders and those with the metal still in their possession had if our days in which to. return It to the federal reserve. BANKS TO BEGIN BUSINESS AGAIN President Says Way Is Open to Resumption Of Normalcy Washington. Mar. 13. (AP)—The normal process of money exchange was in order for America today with the assurance of Presldt-nt Roosevelt that "we have pro\1ded thu machinery to restore our financial system." "It is up to you to support an<| make it work,'; he told the nation Ijy radios last night. "The banks will take care of all needs." ; Plenty of currency based on "adcr quate security" was in the institutions perrnitted to resume full time operations today in the 12 federal reserve banks cities, he assured.' "Confidence and courage are the essentials of success in carrying' t)ut our plan," the president said. "You people must have faith; you must not be stampeded by rumors : or guesses. Let us unite in banishing fear. It is your problenl no less than it is mine. Together we cannot fail." : . Answering the question he conceded to be on many lips, Mr. Roosevelt said the reason for the gradual reopening is that "your govenmient does not intend that the history of the past few years shall be repeated—we do not want and will not have another'epidemic of bank failures." "This bank holiday," he explained, "while resulting in many cases: in great inconvenience is affording us the opportunity to supply the currency necessary to meet the slttia- tlon. No sound baidc is a dollar worse off than it was when it closed its doors last Monday. Neither is any bank which may turn out hot to be in a position for immediate reopening, "The new law allows the 12 federal reserve banks to issue-additional currency on good as^ts and thus the banks which reopen will be able to meet every legitimate call. The new currency is being seht;oii,t by the bureau of engraving and printing: hi large volimie to every part of the country. It is sound currency because it is backed by actual, good assets. "Rememl)er that the essential aq- compllshment of the new legislation ' is that it makes it possible for banlts ' more readily to convert their assets into cash than was the case before. More liberal provision has . . . beeh made for issuing currency on the security of these good assets. This currency is not fiat currency. It is issued only on adequate security-r­ and (every good bank has an abundance of ^uch security." With confidence restored, : the president is going' to see to it that the "unfashionable pastime" of hoarding is banned. Regulations were issued last night by the treasury permitting it to keep very close account of withdrawals of unusual proportions. STRICKEN AREA TURNING TOWARD RECQNSTIfUCTION Fear Subsiding as Shocks Decrease in Frequency And Force UPTOWN TO OPEN THURSDAY. E. VanHyning's New Movie to Show Kate Smith in First Performance. Thenew Uptown theater, lO^Easjt Madison, will be opened Thiu^ay night, March 16. E, VanHynlng. manager, annoimced today. It is advertised that Kate Sndth in "Hel .jo Everyljody" will be the feature picture. The theater is located in the former Marr building which has been completely rebuilt, making it a beay- tiful and up-to-date movie palace. Final tests ill be made tomorrow of the RCAi "high fideUty" souad system, thejflrst of its kind to be If. stalled in this territory. : Complete details of the opening will be announced within a day fjr two. I :. Tracing to: Start Soon. New York, Mar. 13. (AP)—Preparations for early resumption fA trading in the New York stock exchange were seen in Wall Street t^^}- day as the exchange ordered .fts members to hold office forces to range ctearance by tomorrow of all existing wmtracts where deliVCTy has been suspended. ' . HEALTH STAYS GOOD Threat of Epidemic of Disease Fading-, Giving Ray of Hope Los Angeles, Cal., Mar. 13. (AP)— DawTi of the third day since the earthquakes of Friday brought another tremor which sent thousands of .southern Califomians out of bed at 5:18 a. m. today and caused slight damage in Long Beach, scene of most destruction., Telephones in police and newspaper offices rang frequently for the first lew moments after the latest disturbance, bringing anxious queries. There were no further casualties reported, although a short time before the shock the coroner's office here reported the death of the one hundred and nineteenth victim, Henry Ufen, 45. of Los Angeles. Ufen died in the general hospital from injuries received Friday night when a deluge of bricks from a downtown building hero hurled him Into the street: and beneath the wheels of an automobile. His was the fourth death reported within Lps AnBclcs. The tremor this morning was felt with varying Intensity In all of the devastated areas but the only report of damage cnmo from Long Beach, where about 53 were killed in the origlnu! earthquakes. Sections of the coping of a large department store fell into the street at Broadway and Pine in the heart of the business district of the beach city. No one was hurt. One of Heaviest. The disturbance was classed in Long Beach as one of the heaviest since the first shock, and likewise in San Pedro, where damage had been extensive. Pasadena, Santa Ana, Inglewood, Santa Monica, and Compton Joined in a description of it as "pretty heavy." Unquestionably more extensive damage was averted by the work of crews during Sunday in removing^ many dangerous walls and structures. The latest tremor was the second of more than passing interest since 4 a. m. Sunday. At that hour the thirty-fifth shock was recorded. At '8:33 p. m. yesterday came the thirty- si-xth major earth distxu-bance. The week-end of terror left shattered southern California cities with property damage near the 40-million-dollar mark. But as agencies of reconstruction were set in motion, fear was largely dissipated, through the growino infrequency of the earth movements. Threads of confusion still weaved through the work of relief squads, centering,principally among the injured. Officials estimated there were about 1000 in hospitals and 4000 others probably received emergency treatment. Nearly a score of persons were listed as missing. More Bodies Unfoond. In the plies of twisted wreckage which have not been explored searchers believed other 'bodies lay and they, considered It likely that the final toll of the earth<iuake« would be about 125 lives. Although the unidentified dead had been reduced to approximately ten, the addresses of a considerably larger group, or the names of their relatives, had not been learned. Particularly among the injured was this true because of the vast amount of medical treatment necessary to relieve their suffering. The element of doubt put an additional strain upon relief workers In the form of countless Inquiries from distant relatives concerning the safety of their kin. Through telephone and telegraph channels, these poured in from every state. Officials believed the press of medical attention would be past late today and they would be able to turn their efforts toward accumulating (Coniinued on Page 6, CoL 2.) OYLER MOVE KILLED Senate Rejects Motion to Exclude Lobbyists From the Floor. ToDoka. Mar- 13. (AP)—"Hie senate rejected, 17 to 10, today on a standing vote a motion by Senator Ovier (D) of lola to exclude from the floor of the senate all registered lobbjTsts. Senator Oyler's motion was that the sergeant-at-arms procure a list of legislative counsel and agents, required by law to register with the secretary of state, and deny them the privilege of the senate floor. Fcllffwing rejectionTjf his motion ho ser.-ed notice he would object to the emergency advancement of any measure until his bill amending workmen's compensation laws was considered. He charged that the calendar revision committee wa.s keeping the bill down on the calendar "through the influence of a paid lobbyist." He said he referred to Al Williams, former United States district attorney. Clialrman Bradney of the committee said he resented Oyler's re- markr; "as an Insult" and denied anyone ever hod asked him to keep the bin down on the calendar. He also said "the' committee has advanced any number of the senators bills on the calendar—he's crowded out many important measxures." The bill Senator c ^er referred to would bring imder the workmen's compensation act any enq>loyer qualifying as a eelf-lasurer.

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 11,100+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free