The Evening Independent from Massillon, Ohio • Page 1

i Fair, colder tonight. Warmer Thursday. IHE EVENING INDEPENDENT EXCLUSIVE ASSOCIATED PRESS, CENTRAL PRESS, CONSOLIDATED PRESS-ASSOCIATION DHPATCHES EDITION VOL. LXVI, NO, 303 ESTABLISHED 1863 OHIO, WEDNESDAY, 15, 1.9.33 TWO CENTS OFLftSTffi Conservator Appointed to Take Charge of First National PERMIT AWAITED, Many Banks Throughout State Return. to Normal Business Granted License, Reopens Ohio Banks At A Normal banking operations in Massillon were partially''resumed this morning, -following a holiday declared by President Roosevelt, -when the Trust opened unrestricted state license and State bank of Massillon under to continue such carried-on during the past week.

The Ohio-Merchants Trust Co. was I permitted to pay out in full all de- 1 posits received since its reopening last i November except in such cases where officials'suspected that the money was intended for hoarding. The license did not release deposits I made previous'to the! closing of the bank, a year ago last October. The State bank, awaiting license to carry on unrestricted banking iMisiUJSs was permitted to coh- tinue to. operate as it did last-week.

Conservator at First Although the National bank not received a license up to 2 o'cloc-k this afternoon it was at the bank that officials, expected permit to resume bpera- tibn' this afternoon: An official statement issued officials said: March 15, 1933, at 8:30 a. mi, this bank is under the control and opera- lion of E. -A, Campbell, cqnserva- X. tor under authority of comptrol-. ler of the currency, in accordance the conservation act." Mr.

Campbell is Philadelphia fi- nancial expert who has been identified with the First National'for some time in an advisory capacity. The ppr'mit of Ohio-Merchants Trust Co. was received this morning after having been'issued last night." It was announced this morning that deposits.h-a'd far exceeded withdrawals. Many fairly large deposits were received before noon and oth- By The- Associated Press Open Not Open Federal reserve 127 Non-federal. res.

state-chartered banks 277 132 Totals A6Z 259 Here's how they opened: MONDAY Federal reserve member-banks 3 non-fed, res. state-chartered banks 4 (All seven in Cleveland) TUESDAY Federal reserve member-banks 31 Non-fed, res. state-chartered banks .38 (AIT in' 15 clearing, house cities) WEDNESDAY Federal reserve member banks 151 Non-Fed, res. state-chartered banks 235 throughout the-state) SE BEER BILL Proposes Amendment to Legalize Wine and Fruit Juices NO COMMITTEE VOTE Passage of Legislation Is Expected Before End of Week ers were expected. Officials of the Hundreds of Small Institutions Throughout Nation Open By Tlie Associated Press The nation's banking system began functionlng on an almost normal scale again today as the third day of President Roosevelt's progressive plan for the reopening of financial institutions activities extended to virtually every section of the Hundreds of smaller institutions joined the throng of larger banks reopened during the past two days in the 12 federal reserve district cities and in the 250 clearing house centers.

'The New York stock exchange'al- so the first.time:!in.. 12 days and a wave of buying swept the prices of many leaders, one to four points upi Trading: Active Stocks traded in blocks of r.OOO to 5,000 shares during the first few minutes. Other exchanges also resumed trading and on the Chicago exchange brewery stock made a quick advance of 'three points on the strength of confidence in the monetary system and the prospect of the early legali- OPEN AIR BUSINESS AT LONG BEACH bank announced that funds segregated in keeping with I bank holiday -regulations will, with the permission of the depositors, be to regular banking ac- the holiday-the bank had no limitations on withdrawals- allowing unlimited withdrawals on, funds, it Novem- ber The permit to continue its mnc- as under the president's holi- May proclamation came to the SUM from the state superintendent pf banks. The bank was authorized to continue such functions until fur- notice. 1 Banks Reopening I Numerous banks in smaller com- 1 rnnnities in this vicinity reopened for normal business today.

They included: Baltic-State bank, Baltic; Union bank Uhrichsville; Peoples Bank and Savings New Philadelphia; Citizens State bank, Adams bank, Millersburg; Navarre -Deposit Bank Navarre; Minerva Savings Bank Minerva; Brewster Banking Brewster; Exchange Bank Canal Fulton; Farmers State bank, Wilmot; Reeves Banking and Trust and--State'Savings-Bank Dover; the Edgerton State Bank Mount Union bank and City Savings Bank Trust Alliance; Beach City Banking Beach City; Citizens National- bank. New Applecreek Co. Applecreek; First National bank Mineral City;" Exchange' Nationa: bank and First National bank, Dover; Rittman Savings bank, Rittman; Commercial Banking Trust Co. Wayne County National bank an Citizens National bank, First bank, Alliance, other banks In this section resumed normal operations te- Trust and ation of beer. The Chicago board of trade and he cotton market deferred reopen- rig until some communities in out- ying sections of the nation returned 'full banking activities.

Clearing of checks started on a na- ion-wide scale. Foreign markets continued firm. Every state in the nation had bank- ng facilities. Michigan, the "vet- ran' 1 bank holiday reopened 10 legs than 149 commercial institu- I Deposits Gaul Deposits continued to withdrawals and in many instances some restrictions were lifted of withdrawals from savings banks. Massachusetts raised its withdrawal restrictions from these banks from $10 $100 individuals.

Everywhere the people were saying; 'The crisis has passed." WASHINGTON, March .15 The house beer bill neared fiiial congressional approval today with a favorable report from the senate finance committee. The only change made in the house bill was an amendment to le- alize wine and fruit juices of 3.2 per cent alcoholic which is the same limitation as will apply to beer. Action Is Swift Heeding President Roosevelt's request for swift action on the beer legislation, the committee approved the bill without a record vote, after less than an hour's consideration in executive session. Chairman Harrison said 'the beer measure would be in the senate immediately after the pending economy bill which he predicted would be passed today. This would permit: the 'senate, to begin debate tomorrow on the beer measure under a schedule which congressional leaders predicted would send the measure to the -White House by the end'of-the week.

Early in Effect The measure would become, 15 days signature. The measure was by the house yesterday, 316 to 97. The bill is expected to raise $125,000,000 to $150,000,000 a year in taxes. against long-winded debate President Roosevelt's $500,000,000 promised senate approval of economy bill before adjournment Passage was taken for granted by leaders of both parties. The democrats in Caucus bound them- to vote for the bill; leading republicans said they would support, it since it was advanced as something that would maintain the credit of -the government.

Stock Prices Stage Rally Security Markets Climb as Stock Exchange Reopens By JOHN L. COOLEY Associated Press. Financial Writer NEW YORK, March 15. Back from the banking- wars, security markets received an enthusiastic welcome in Wall street today. Stocks whirled $1 to $7 higher in a strong, active opening and clung- tenaciously to their top prices as wore, on, although volume slackened appreciably'.

Bonds made a bid for promi- lience, but their advance was relatively subdued. Most of the leading commodity markets, the New York cotton exchange and the Chicago board of trade's grain pit, will not resume until, tomorrow. Sugar and silver here'made fair gains and LARGE SECTION OF CITY SWEPT BY HIGH WATER Police and Rescue Workers Labor With Boats Throughout Night to. Remove 35 Families From Homes Isolated by Water HORACE MANN SCHOOL IS CLOSED on Page Two) RELIEF BILLS ORDERED PAID SEES NEED OF NEW SYSTEM More Closely Unified Banking Setup Necessary, Says Col. Ayres.

CLEVELAND, March 15. more closely unified -banking system perhaps with the present'federal reserve banks merely branches of a central bank of the United States is seen-as necessary by Col. Leonard P. Ayres, vice president of the Cleveland In Judge Harter Rules Against Kramer in Local Welfare Action A Most of: the. business in Long Beach, lecoyenng fiom a long series of earthquake shocks, is being transacted out-of-doors these days.

Top.photo shows, office, on the curb'and an had occupied Letter Tells Of Earthquake With 35 families already forced to abandon their homes, one school closed, cellars of several business places flooded and the water still rising at noon, Massillon today marked keeping a continuous watch on the w.orst flood condition the city has experienced since the inundatibn of 1913. A large area of the city was flooded today, the swirling, muddy water reaching so- great a height that it poured through the first story windows of a number of homes in the northwest section of the city in the vicinity of James NW. While only a few houses were thus menaced scores of others were isolated by Hood waters that filled basements, forcing occupants to flee in boats or wade in deep water to the homes of relatives. The Horace Mann school, located in Cherry NW, closed at noon today and children were ordered to return immediately to their homes. The school Was surrounded by water on three sides and with the river still rising, it' was feared that students might not be able to reach their homes should they be detained this afternoon.

The school has an enrollment of approximately 200. Providing the crest- of the flood is reached this afternoon the school will Woman Writes of Experiences to Massillon and Canal A vivid- description, of" the earthquake -which struck southern- -California -last -Friday night is received by relatives-in-this city and Canal FiiHon- from T. W. Teegarden, of -Long Beach, formerly of Canal'Fulton. daughter of of and Mrs.

E. Slus-. ser, 416.3rd and Miss Eva Breece, of Fulton, and her husband- and daughter, Kathcr-. in their, home at the time the earthquake own description follows: "We were sitting in room when the first shock occurred. Suddenly my chair wavered from side to side and just'then our marble' mantel which -weighs about 700 pounds the floor, barely 'missing Kalheririe.

As it was she received a severe blow on her head. "Our chandeliers fell down and (Continued oh Page Two) day were: Potters Bank First National bank, East Liverpool; Second National, Warren; First National, Salem; Ashland and Savings Ashland; Farmers Savings Bank, of Loudonyille, Loudonville; Peoples Bank and Trust A Cbshocton; Savings Deposit. Bank Medina; Union National, Cadiz; First National, Ashland; Second National, Cpsho'ctpn National and Commercial -Co'srioetpn; Old Phoenix National, Medina;" First I National, Crestline; First. National, 1 Neweonierstown; Farmers and Merchants bank, Smithville; Farmers Bank of Shi-eve, Shreve; Bank, Big. Prairie; Farmers -bank, Ashland; Bank, Fredericksburg; Ktlibuck Savings (Continued on Page Two) prices on roofing at Mas- Hardware, 125 Lincoln Way, Trust Co.

review of last month's business developments Colonel Ayres says fundamental changes in the banking federal reserve system and in money itself are needed. In the banking stringency just passed, he says, the "12 largely independent reserve banks and districts, loosely coordinated by one board sitting in Washington, proved quite powerless to present a united, front against the rapidly moving of great transfers of the credit from one district to another, in vairi search for refuge. Instead, they greatly facilitated its movements." The. statistician says the banking structure held out until well into the fourth year of the depression, but a sudden surge of "one-way' 1 banking proved too great a strain. Common; Pleas Judge Harter, in Tuesday.afternoon ruled that the approval of" Service-Safety Director Kramer of bills- contracted by the Massillon Welfare federation in carrying oiv relief work and O.

by the- county and state Belief commission, Was not necessary to their payment. The decision was rendered after a hearing of a petition' for a writ of mandamus filed by E. A. Portz, as. a to compel the safety-service director either to approve of the payment of the.

bills in question or show, cause why he should not do so. Refusal of Kramer to approve the bills had precipitated-a crisis in the affairs of the federation which threatened to bring about the removal to Canton of the work of distribution of relief in Massillon. compelling the local federation and those receiving relief to go to Canton for approval, of vouchers. It was also'said that if relief administration was transferred to Canton some supplies would be bought there here. Judge Harter held that Kramer exercised no control over relief funds and ordered the city treasurer, to honor warrants already issued and signed by City Auditor Holcomb.

Kramer in court said that he would sign the vouchers if the state auditor or the court would accept responsibility for possible illegal payment of tax funds. Nothiing Backward Aboiit Stand WASHINGTON, March. 15r the. house doubts where representative Claiborne Mo.) stood on the beer bill. drinking man I'm going toVvqte beer bill," he told the'' members in forceful tone before'; the bill was passed.

like -a good drink of beer. No.t only a good drink of beer of 3.2 per. cent but a good-drink of whisky. "I hope, the come when I can walk into a saloon in.my own country and stand up at; the bar and buy a' good drink." ROOSEVELT WORKSFAiT SAYSFRANCE SHOULD PAY Changed Conditions in Central Europe Responsible for Hcr- riot's. Stand.

15. Premier Edouard Herriot has frankly warned France that it is to her "essential interest" to pay her three- months' overdue debt to the United States as soon as possible in view of changed conditions in Central While the French government if seeking a league of nations investigation of Hitler's Nazi storm troopers and: is aroused by their activities in the -Rhineland frontier, Herriot has speeded up his campaign for a close agreement between the United State; England: and France, as "the best guarantee of freedom and peace." Ten-Day Record Shows Many Important Takfen WASHINGTON; March is. In his 10 days as lin D. Roosevelt has achieved this record: March- 5 Proclfiiihed 'a nationa bank holiday, assuming war and caling' congress into Marcn March for emergency bank' legislation. His message was read at was passed by "both branches and signed into'law 10 hours 1 congress for power to cut half a billion off federal expenditures.

March house passed his economy bill unchanged. March senate began to consider the ihefisure. The president asked congress for immediate legalization of. beer. March house passed' the requested beer bill The senate pushed the economy measure passage.

Looked for next is a farm relief proposal to get aid to the farmer in time for this year's Held in abeyance also is his plan for a $500,000,000 bond issue for employment. Final Action To Set Up Repeal Convention Due Today COLUMBUS, March- 15. Confident of their ground proponents of the Mosier -bill, setting up the! machinery to repeal of the' Eighteenth today called measure up or action' by Approved by the senate" last week, the bill fpv the election 52 delegates at large to consider the recently approved by congress. I The delegates would be elected at large, either at the next general or a special election. They would be pledged either for or against repeal, or would b'e, permitted to be neutral.

White Asks Speedy Action The -bill is understood to have the approval bf Governor White, who is reported to have asked its speedy passage by the house. The only amendment tacked on by I the house federal relations committee was to reduce the railroad fare bf the delegates to the; convention. As originally prepared the bill allowed train fare both ways, but the house would only pay it one 'way. Read assessments on state high- wa5's precipitated a lively fight before the house highways committee last night, with more 'than 300 fann- ers present. The house yesterday started on its way to the law books the best bill to Police Called Back To Duty Because of threatening flood menace, all policemen laid off foi" econpmy purposes, recalled to temporary duty this afternoon by Safety-Service Director Claude R.

Kramer, and kept in service until the present emergency is over. The director also recalled firemen to man two additional boats which will be used in rescuing families and carrying on relief work in the isolated areas. IS fllCR If flUIO be "Thursday morning as usual. 11 Streets Blocked Portions of 11 streets were bl.ockec or partially flooded by waters of the swollen Tuscarawas river or by wate which had backed through stoni sewers to-street outlets. Streets par twlly under water today were 3rd st, NW, 3rd SW, 1st NW, Cherrj NW, Lake NW.

Warwick st. NW, Groose NW. James NW, Tremont SW, Charles SW, and 1st NE. Fed by a near cloudburst of rain and hail, the river rose rapidly early Tuesday evening and throughout the night, but noon today saw the rate of rise greatly retarded and it was hoped that the crest of the flood would He reached within a few hours and that the waters would begin -to recede Thursday. Tuesday's storm forced the water upward at the rate of five inches an hour early in the evening bUt at noon give courts discretionary powers ordering sales.

in common The measure would give 'pleas judges the right to forestall foreclosure sales; until Feb. 1, 1935. The judge could stipulate the terms under which the property could be held the mortgagor. He could BODY HECOVERED HAMILTON, March 15 the body of Jairies McCabe, G6, of Cincinnati had been' removed from a stream, here, Coroner Edward Cook expressed a belief he fell in suffering a heart attack. either order the payment of interest on the loan, taxes on the property or other restrictions.

Another bill to aid property owners was due for action in the senate today. It was the Annat bill to allow the -payment of delinquent taxes for today the rise had slowed down to three-fourth's of ail inch -an hour, a decrea.se of one-fouvth of an inch over the preceding hour. A close check on the flood was be- Deputy Investigates Accident in Which Youth's Leg is Broken Deputy Sheriff Harvey Schwartz today continued investigation of an accident, late Tuesday afternoon, on Route 21 near Smbketown, in which Lloyd Baker, six-year-old son of Mr. and Mrs. Lloyd Baker, sustained a fracture pf the 'right hip and severe bruises and a sedan driven by John W- Streb, of 3011' 6th SW, overturned in a wheat field.

The Baker boy is in the city hospital. His condition Is not considered "serious. Strefa minor bruises as' did Frank Wade, of 1429 Fiiltori Canton, who was riding with Streb. The boy, who is a first grade pupil at the Beach City -public school, had gotten off a school bus ppez'-ated by William Wingire, of Beach and started across the highway to his father's' auto, which was parked in a lane of the Baker farm. Win- gire, according to information obtained by the.

deputy, saw the approaching machine and attempted to warn the boy. Driver Is Not Held Investigation revealed that Streb attempted to stop his machine when. he saw the boy step into the roadway, but because of the wet and slippery condition of the new highway was unable to do so. The machine skidded, struck the boy and then plowed into a wheat field where it Deputy Schwartz today- said Streb told him he did not know the bus, was carrying school pupils until he SRW children in the machine. He told the.

officer he applied his brakes but the machine skidded. Streb is not held by the authorities but a thorough investigation of the case will be made to determine 'if ing kept at the pumping station of the Ohio Water Service Co. and hourly measurements taken of the. action will be' taken. water.

The though in the center of the worst of the flooded area is out of danger for the new water plant built little over a year was erected on a higher level than that reached by the 1913 flood. (Continued on Page Two) TIMKEN SHOWS LOSS $482,827 Annual Report for 1932, However, Shows Financial Position Strong CANTON, March 15. Net operating of the Timken Roller Bearing Co. in 1932 after providing for depreciation and taxes was $482,827, according to the company's an- ni'Al report released today. The company has a surplus of $33,505,894 after absorbing this loss and paying dividend of $1.37 a share for total of $3,315,803 during the year.

Its cash position was strong with $13,556,380 in cash, government bonds and marketable securities. The balance sheets show assets over liabilities at a ratio of 37 to one. Worst Flood Since 1913 The high water today was the COX DECLINES GERMAN POST Ohio Democrat Says in Statement He Cannot Accept "Fixed Assign- ment" NOTICE TO FARMERS We want to buy home grown pv tatoes, bring them in -to National Grocery, 135 Lincoln Way, West. FURNITURE FOR, SALE 3-Plece mohair living room suite, 8-piece dining room suite, box spring mattress, 438 8th SPECIAL Center Brir.k.. Acme Dairy Products Co.

Dial Ohio Brewers, With Penty Of Good Beer Already On Tap, Ready To Turn Spigots As Soon As Washington Says worst since the 1913 inundation, the water being several inches higher than in 1929 when a large section of the city was flooded. The water was lapping the flooring of the 3rd NW, bridge at noon and barriers were erected to prohibit machines from crossing it. A group of city, employes' was stationed on the bridge with long pike poles to rake rubbish away as it piled up agamst the floor and sides of the bridge to prevent it from damming the water and overflowing the floor of the bridge. Should the water rise five more inches, however, it will cover the floor of the It is already over the north approach, nearly two feet deep in places. A similar condition exists in Lake NW, where the west approach and all of 3rd NW, in that vicinity Is flooded.

The bridge itself is riding nn the crest of the waves and probably will be closed to traffic this afternoon. The flood waters have reached -the business section of the city, filling basements with several feet of water. CINCINNATI, March 15. (fl 3 Plenty of "gutes bier" already is on tap in Ohio, the "brewers awaiting the signal to open the spigot. Anticipating modification of the Eighteenth Amendment within a few days, those brewing companies not prepared to produce the foaming steins arc rushing renovation of their plants to be ready soon alter the call comes from Washington, "let there be The real suds Is that stored in huge vates for dealcoholization into near beer.

Some, breweries have ben experimenting with beer of. about 3.2 per cent alcohol. A better product than enjoyed in'the pre-Volstead days is promised because 1 of improvements in the metho'ds of brewing. gloom has appeared on the of of home-brew flats. It's a cinch no.

one is going'to slip vip back stairs to quaff surreptitiously a bucket of: beer that cost 35 cents when he can sip a clear conscience much better stuff at five cents a glass. And five cents a glass it will be if the national and state tax does not exceed $6 per barrel of 31 gallons, in the opinion of Senator Joseph N. Ackerman, of Cuyahoga county, sponsor of the Ohio beer control bill. "Braumeistcrs" of four breweries here claim they are to turn out 'beer of any alcoholic content when congress gives the Another brewery would be ready in 60 days, while still another says six months will be required to turn out "hauck's from the wood" on a commercial basis. Other brewing plants, dormant for 13 years, are being equipped with new machinery.

About 1,000 men will be put to work in breweries here when the bars are lifted, said Joseph Obergfell, secretary of the United Brewery Workmen of America. (Continued on Page Two) MIAMI BEACH, March M. Cox, Ohio and Florida publisher and democratic presidential nominee i.in 1920, who has been discussed prominently as prospective ambassador to Germany, definitely withdrew his name from consideration today. Commenting on press dispatches, which said it was understood President 'Roosevelt had asked the former Ohio governor if he would care to accept the Berlin post, Mr. Cox said there had been na tender and doubtless there will not be for the reason the president knows he cannot accept "a fixed His statement said: "There has been no tender arid- doubtless there will be none for-the reason that the president has known from the outset that -while I am anxious tp help his most promising administration in any way, it cannot be by accepting a fixed assignment." QUIT AVIATION CORPS NEW YORK, March 15 P.

Hoyt, and other- New York banking representatives, today announced their resignations frorii the management of Aviation leaving E. L. Cord, Chicago manufacturer, in a dominant, position in STAR GROCERY THURSDAY Eggs, strictly fresh, 2 'doz. Salmon, fancy pink, 2 cans 15c the a sequel to his proxy Cheese, fancy cream, lb. for control last autumn, 115 Lincoln Way We Deliver, 4734.

SPECIALS AT CENTRAL MARKET AND WEST CENTER Country Pudding, lb fie, Veal Brains, lb 7c' Po.t Roast, lb 8c Beef Pocket, lb Be Country Sausage, lb Bel Pork Chops, Id 8c Smoked Sausape, lb lOc We Deliver. Dial 8209 or DON'T BECOME DISCOURAGED Try a Classified Ad. and get what sell what you don't want; trade what you have for what the other fellow has. Otheis dp it. why don't you? Phone Slfil.