davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1933-03-10

Washington, March 10-(UP)- Important features of the new banking bill:
 Confirms President Roosevelt's emergency action and gives him wide powers over financial institu- tions, foreign exchange trading and gold and silver during nation- al emergencies.
 Empowers the secretary of treas- ury to protect the Federal Re- serve systems gold reserves by re- quiring member banks to turn over all their gold or gold certificates in return for other currency.
 Authorizes the comptroller of the currency to appoint a "conser- vator'' for any Federal Reserve member bank if he deems 1t neces- sary to conserve assets for depos- itors or creditors. The comptrol- Ter may prescribe such regulation as he deems necessary, including limitation on withdrawals.
 Authorizes national banks to issue preferred stock to obtain new capital. Secretary of treasury may permit any bank to sell pre- ferred stock to the Reconstruction Finance corporation.
 Federal Reserve banks author ized to issue Federal Reserve bank notes secured by 100 per cent of United States government obliga- tions or by 110 per cent of notes, drafts, bills or exchange or bank
The Waterbury Democrat., 1933-03-10
Merchants Of City
 Get Gleam Of Hope
iContlnued from Page ll

in yesterdays "set-up" between bank officials and directors of the Big Three. scovilrs Chase's and the American Brass company.
 The Chamber of Commerce sys- tenn will be held in abeyance until needed. The Idea has been per- fected, endorsed by directors Of the organization and approved by bankers. It will supplement the system now in vogue at the Mer- chants Trust company where the payroll checks of the Big Threep are being exchanged for ones of smaller denominations It gives members of the bureau the confi- dent assurance that the Chamber of Commerce's resources have been pledged to aid them in the pres ent situation. And as in other plans, the public indirectly Is the beneficiary as business transactions can be made with less confusion and embarrassment. saF
 The meeting of the Waterbury Clearing House association was held as early as 9 o'clock this morning and the announcement which pleased merchants caused a release in tension, was made with in a short time after adjournment. Lewis Reed,. executive vice ,presi- dent of the Citizens and Manufac- turers National bank, former mem- Der of the state legislative banking commission and appointed yester- day by Governor Wilbur l.. Cross. to serve on the emergency adviss ory commission, was selected. by members to authorize statements to the public for the duration of the holiday. Banks and merchants well pleased with Mr Reeds ap- pointment by the governor, antici- pate definite statements of assur- ance from him within 8 few hours. His first public Announcement proved a big boom to business and public confidence. 7.
 The plan of the Clearing House association will permit merchants to take payroll checks of large denominations to the banks where they have been accustomed to transacting their business. and re- ceive in return a limited amount
The Waterbury Democrat., 1933-03-10

gency still continues, and it is necessary to take further meas- ures extending beyond March 9, 1888, in order to accomplish such purposes;
 Now, therefore, I, Franklin D. Roosevelt, president of the Unit ed States of America, in view of such continuing national emer- gelcy and by virtue of the au- thority vested in me by section 5 (B) of the act of October 6, 1917 (4O stat h., 411) as amend ed by the act of March 9, 1888, do hereby proclaim, order, direct and declare that all the terms and provisions of said prOclama- ton of March 6, 1888, and the regulations and orders issued hereunder are hereby continued in full force and effect until fur ther proclamation by the presi- dent.
 'In witness whereof I have hereunto set my hand and have caused the seal of the United States to be affixed.
 Franklin D. Roosevelt"
The Waterbury Democrat., 1933-03-10
MASS BANKS TO
 DO SOME KIND OF BUSINESS
PayroIIs To-day and Sat- urday Were to Be Ra- toned With Pay Below Maximum of $25

Boston, March 1O.-(UP)--Mas- sachusetts state banks continued to operate on a restricted basis to- day, and it was announced they would follow the lead of the Na- tional banks in the matter of re- opening at the end of the indeh- mite holiday. Payrolls today and tomorrow were to be "rationed," with payments kept below the maximum of $25 per person fixed by State Bank Commissioner Arthur Guy. A. plea for public con- fidence in banks was voiced by Governor Ely last night. He said:
 We will keep a curb upon the banking business until we know that the people of Massa- chusetts believe in the soundness of their banks. The sooner you dis- play that confidence, the sooner the restrictions will come off. How do you display that confidence? You display 1t by entrusting the banks with your money" ..
The Waterbury Democrat., 1933-03-10
Presidents Second Proclamation

Washington, March 1O-(UP) President Roosevelt's procla- nation extending the limited banking holiday follows:
 "Whereas, on March 6, 1888, I, Franklin D. Roosevelt, president of the United States of America, by proclamation declared the ex- istence of a national emergency and proclaimed U bank holiday extending from Monday the 9th day of March to Thursday the 9th day of March, 1888, both dates inclusive, in order to pre- vent the export, hoarding OF car- marking of gold or silver coin, or bullion or currency, or specu- Iation in foreign exchange: and
 Whereas, under the act of March 9, 1883, all proclamations heretofore or hereafter issued by the president pursuant to the 'au- thority conferred by section $ (H) of the act of October 6, 1917, as amended, are approved and confirmed; and
 "Whereas, said national emer-
The Waterbury Democrat., 1933-03-10
Budget Message
lcontinued from Page D

ecutive to make application of {. this principle. The proper leg tslative function is to fix the amount of expenditure, the me- thOd by which 1t is to be raised and the general principles under which the expenditures are to be made. The details of expenditure particularly in view of the great present emergency can be more wisely and equitably admins. tered through the. executive. The Reliability of the measure which am proposing is not only prac- tical but proceeds along the road of constitutional government.
 "Such economies which can be made will, 1t Is true, affect some of our citizens; but the failure to make them will affect all of our citizens. The very stability of our government itself is concerned and when that is concerned the benefits of some must be subor. dinafed to the needs of all.
 "When q great danger threat ems our basic security 1t is my duty to advise tho congress of the way to preserve it. In so dO- ing, I must be fair not only to the few but to the many. It is in thls spirit that I appeal to you. If congress chooses to vest me with this responsibility it will be exercised in . spirit of justice to all, of sympathy to those who are in need and of maintaining in- violate the basic welfare of the United States.
 T ask that this legislation go into effect at once without even waiting for the beginning of the next fiscal year. I give you assur- ance that if this is done. there is reasonable prospect that within q year the income of the govern mcnt will be sufficient to cover the expenditures of the govern ment.
 "FRANKLIN D. ROOSEVELT
The Waterbury Democrat., 1933-03-10
Sweeping Powers Of
 President Are Felt
lContinued from Page lI

surrounded by his family and 9 few friends, signed the measure--a mo mentous peace-time emergency act giving him wartime powers. Two hours later he issued tho proclamation extending the banl holiday.
 This was necessary to proclaim officially the emergency and to per init the new legislation to function since by the terms of the statute it is operative only during periods of proclaimed emergency.
 For two hours, until shortly after midnight. Washington was . scene of greatest confusion. Legis- lative leaders had said that banks would reopen Friday If the emer- gency bill were passed. These statements had been accepted throughout the nation as insuring immediate reopentng of sound banks.
 But no word came from the White House or the treasury de- pertinent. Hundreds of inquiries poured in as to whether banks would reopen Friday. Finally Sen ator Carter Glass, dem. Va. leav- ing the White House at midnight. said that there would be a short delay.
 soon thereafter, Secretary Woodin issued a statement saying that none could reopen before Sat- urday. Some other officials be- lieved 1t might be Monday before any banks reopened.
 While much information has already been assembled" Woodin said, "the completion of the in- formation and of the arrangements of the banks for resuming their functions takes some time. It has therefore been decided not to au- thorize any reopenif1gs before Sat- urday, March II. It is obvious that 1t will not be possible to act upon all of the applications even by Sat urday. Regulations and other sub jects covered by the legislation will immediately be published.
 'The emergency banking legis- lation passed by the congress Is a most constructive step toward the solution of the financial and bank ing difficulties which have con- fronted the country. The extraor- dinary rapidity with which this legislation was enacted by the con- gress heartens and encourages the country.
 "This legislation makes possible the opening of banks upon a sound basis, backed by an adequate sup ply of currency. Through this law the banks which will open will be placed in a position to meet all de- mands. This assurance should re- store confidence and create the foundation for a forward move ment in business activities.
 Tt will be the policy of the treasury to permit as rapidly as possible the opening of the sound banks. There are, of course, many thousands of such banks which will promptly be restored to the per formance of their normal func- tions.
 "The treasury has already taken steps to secure information through proper authorities as to the condi- tion of the various banks of the country and immediately invites from the banks applications for re- opening"
 For a time yesterday 1t appeared
The Waterbury Democrat., 1933-03-10

of cash and the balance in checks of smaller denominations. For the past four days 1t was the plan to give cash only for cash and to give checks of small denominations for big checks. ~@s
 Local bankers anticipate a big supply of federal reserve currency within few hours, which will place Waterbury banking institu- tions in splendid condition for the official signal to. renew general banking business. All local banks will follow the instructions of President Roosevelt and will file applications for permission to re-
 open, supplying all the necessary
 data to indicate the soundness of
 their assets. s.s.4 ssa. 8
 There is every encouraging sign
 that the time of the reopening is not distant, but regardless of the
 personal views held by individual
 bankers of this city they must
 comply with instructions and
 await permission from federal and state pffictals. 4s
 f1snrance. companies, public utilities. fi1eaterS, hotels and others are finding the situation improving. Cheeks of small denominations are being, accepted in places where on "wednesday and Thursday they were refused. A more practical un- .derstandipg is gradually being evolved between merchant and pa- tron. Both are becoming more reasonable. If a customer gives 8 check of a large denomination he or she cannot expect all cash in re- turn. They must accept reason able amount in checks also. This 50-5O plan is the only practical way of permitting business to be carried on.
 Officials continue to manifest sur prises at the number and amount of old "gold backs that are com- ing back into circulation. They have undoubtedly been "hoarded" away for years. Either urged by the pinch of necessity or fearing tax and plenty of publicity later some of the fortunate holders are cashing in. Reports from the banks will verify many of these statements relative to the return of hoarded money.
 The action of the Clearing House association and the Chamber or Commerce, the renewed spirit of confidence among merchants, and the cooperation shown by the pub lie, within the past "A hours marked the principal local developments in inc situation. Waterbury banks like other institutions in all parts of the country must comply with federal regulations and await per- mission. ,:
The Waterbury Democrat., 1933-03-10
the emergency bill might be stub

the emergency bill might be stub bornly opposed.
 Tempestuous Senator Huey Long, dem, La, delayed action. He want ed an amendment authorizing the president to admit all state banks to the federal reserve system. He declared that if state banks were compelled to reopen without re- serve backing, they would have to close again in three hours"
 On the final vote 70 senators supported the bill and only seven were against 1t. The seven were Borah, repn, Idaho; Dale. repn, Vt; La Toilette, repn, Wis; Nye, repn. N. D.; Carey, repn. Wyo; Costigan, dem, Colo; and Shipstead, farmer Ia bOr. Minn.
The Waterbury Democrat., 1933-03-10
LAHEY WARNS OF HAZARD TN BRUSH FIRES
High Winds Add
 To Momentary
 Peril Says Marshal
Several Require Services of Department = Official Cites Law Which Prohibits Setting of Bon Fires Without Permit From Headquarters

Several brush and bonfires with in the past 24 hours under the un- favorable conditions--stFong winds
 -have not only resulted in alarms being registered for the services of the fire department, but have un- necessarily endangered property.
 Fire Marshal D. J. Lahey made an appeal to-day to Waterburians t0 refrain from starting fires in their yards until more favorable times.
 While fire apparatus was answer ing two calls this morning Henry FieEe of 1f14 West Main street saved the department the trouble of sending out company by stop- ping his automobile on the Chase parkway and extinguishing a fire which had started among some brush. The blaze was spreading when Mir Fiege smothered 1t. The incident occurred at the intersec-
The Waterbury Democrat., 1933-03-10
Bank Measure
 in Assembly
(continued from Page D

(Continued from Page D the house voted on matters of con- science. He said the bill was one not bound by party lines, and told the house similar bills had been passed in New York and Massa- chpsetts.
 The debate provoked argument from both sides of the house Min ority Leader Markham spoke briefly in favor of 1t, and Repre- sentative Dorothy Bartlet, demo- crat, Putnam, made plea for its passage.
 Mrs Bartlett, a member of the school board at Putnam, said many good Catholic teachers had been re- fused positions in the schools of Connecticut because of their re- ligion.
 A bill which would have pre- vented married women from being employed as teachers if they had any other means of support, also was rejected on an unfavorable committee report.
 A bill to validate all records made by Elizabeth R. Walsh when she acted as town clerk of Middle town, was rejected on an unfavor- able report. It was explained pres. ent laws cover the matter.
The Waterbury Democrat., 1933-03-10

tion of the parkway and Wilson street. Fire authorities later in- vestigated the report and expressed the opinion that q cigarette ossed ou of a passing car was responsible.
 NO person has a legal right to start a bon fire without the sane ton and approval of the chief of the fire department" declared the fire marshal, "and the burning of brush and leaves In weather like this is extremely hazardous and dangerous to surrounding property.
 'The law provides a fine for per- sons violating this code. In calm weather, we are not soparticular but during these days of strong wind, when the blaze is likely to get beyond control, 1t is unjust and unfair, and should not be done. We appeal to the people to bear this in mind, and not to start fires in wea- ther such as the present"
The Waterbury Democrat., 1933-03-10
Leading Features O Ne1U Banking Measure
 Signed By Roosevelt

CTS acceptances. The notes will rank as national bank notes and be redeemable in lawful money. Issuance of the notes to cease when the president proclaims the emergency has passed.
 Permits member banks in ex- ceptional cases to obtain advances from the reserve banks on time or demand notes.
 Permits the Federal Reserve banks under certain restrictions to make advances to Individuals. partnerships or corporations on their promissory notes, secured by united States government obIiga- tiOns.
The Waterbury Democrat., 1933-03-10
Body of Mayor
 in the Stadium
tcontinued from Page l)
Never before has Chicago set

Never before has Chicago seen such a procession. There has never been quite such a funeral.
 The universal outpouring of grief, the amazing proportions of the ceremonials. the chastened pomp, the. truckIoads of flowers, the 1000 musicians, the street hung with park bunting. the 25,- 900 tickets issued for the services. the 9e organizations and groups in the procession, the commingling of millionaires and panhandlers in the haze crowds. the hundreds of policemen. ihe telegrams from all over the world
 All seem somehow to make a fitting climax to the career of tue
The Waterbury Democrat., 1933-03-10
By RAYMOND CHAPTER

(United Press Stan COrrespOndent)
 Washington. March 10.-(UP)- z Unexpected delay today postponed bark reopenings until tomorrow at the earliest.
 President Roosevelt issued Q proclamation late last night ex- lending the banking holiday and the gold embargo indefinitely.
 Until the treasury grants per- mission, banks can perform only the limited functions previously au- thoYized.
 Treasury officials encountered difficulties in preparations for inn mediately reopening banks under the emergency act which was rush. ed through congress and signed by MT Roosevelt last night. They had expected to begin opening banks today.
 The law gave the president dic-, fatorial power over banks and pro- vided for hundreds of millions of new currency.
 Shortly after midnight Secretary of Treasury Woodin announced no reopenings would be authorized be- fore Saturday.
 Tt is obvious that 1t will not be VOblDlt tU dCt upOH Ill VI tHc dpplt- cations even by Saturday" he add ed. inviting the banks to ask per- mission immediately to reopen.
 When the banks open under the new law, Woodin said, they twill be placed in position to meet all demands"
 The delay in reopenings was due to two causes:
 l. Checking the condition of banks to determine which should be opened up at once is taking more time than was anticipated.
 2. Time is being allowed for state banks to join the federal re- serve system in order to obtain the benefits granted under emergency legislation which makes 1t easier to obtain new money.
 Meantime the government en- graving bureau here was running off money at the rate of $30,O0O,- 900 a day to supply banks when they reopen.
 Washington put in one of its most active peace-time nights.
 At 8:25 D. m. the emergency bill reached the White House. It had been passed by congress with rec ord speed after a short, emphatic message from President Roosevelt. Fifteen minutes later the president,
The Waterbury Democrat., 1933-03-10

boy from q Bohemian Village who left a coal mine to fight his way in 40 years to international renown. It is typical oe Chicago. too. E.
 Because Tony" Cermak died bravely from bullet intended for Franklin D. Roosevelt. and because he held staunchly to life through 19 days of pain before death tris umphed, Chicago lists him high among her heroes.
The Waterbury Democrat., 1933-03-10

ton of the banks; and (B) to per- init the sound banks to clear away the mountain of unfinished busii- ness piled up during the holiday, in order to be ready for reopening.
 4. The New York clearing house has begun clearing checks frozen" in transit at the start of the holi- day.
 5. Gold hoarders, inspired by fear of punishment, were pouring metal back into the federal reserve banks of every district and into their own banks. In New York, s65, 100000 was returned in four days.
 6. The federal government is printing new currency at the rate of $30, 1000. 900 day.
 2 Unofficial trarsactions abroad showed only a slight depreciation in the American dollar.
The Waterbury Democrat., 1933-03-10


 fishing firm Simon and Schuster. returned yesterday from the Ri- viera where he interviewed Walk CT and Miss Compton. Miss Comp ton is writing her life story and is dealing particularly with her mar riage to and divorce from Eddie Bowling, motion picture director. Simon said. Her marriage was forced by political and religious groups in New York;" he said the book would charge.
 Cannes, France, March To- (UP)-Jimmy Walker, former jaunty playboy mayor of New York city, spent this morning in his hotel room applying hot irons to cure lumbago, and let 1t be known that he was grateful to Mrs Walker for the comparatively harmless grounds of desertion on which she brought suit for divorce in Florida yesterday.
 He will not contest the suit and he has no intention of returning to the United States in the near future, Walker said.
The Waterbury Democrat., 1933-03-10
Killer of Mayor Cermak to Die
(continued from Page l,

.presidents and kings" fired vol-
 lev of shots ct MT Roosevelt when the then president-elect returned
 to Miami. from vacation cruise 1:
 last month. Five persons were
 wounded, but the president-elect
 escaped.
 Of the five, only Cermak and
 Mrs Joseph H. Gill of Miami, were
 seriolssly injured. Mrs Gill is still
 in the Jackson Memorial hospital,
 where Cermak died after valiant
 l9-day fight to live, but physicians
 have strong hopes for her recov-
 Judge Thompson ordered zan- gara to stand to be sentenced
 shortly after he convened court at
 10A5 a. m. He read the sentence
 slowly. .Defiantly. Zangara accepted the
 sentence. fairly shouting vitupera- tion at the court: s .You give me electric chair?" :, "I did" Judge Thompson re-
 q no scared of electric chair. T. do what's right. Capitalists crook ed. You crooked man, too. You; capitalist. s Fut me III eiectIic cHdir. hvq care" zangara hurled viliification back. over his shoulder at the court as he was led away hy deputies after; a brief time in. court. < Prior to pasking sentence. Judge Thompson delivered a brief address, in which he appealed for congress- siona1 action to confiscate all fire arms carried without permit.
 Assassination attempts. succcss-s full and otherwise, should be eiim-s mated" he said. Tn the hands Of good people, a pistol is harmless. 7 ZAngara was remanded back to- his cell on the 21st floor of the Dade county courthouse to await faction of Governor Dave Sholtz in setting the time and place for his execution. The electrocution will occur at the Florida state prisors. {. | RaifOrd, five days after his adrnis-. | sion to that institution.