davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1933-03-02
Here And There
In Sport World

VALLEJO, March 2. - Bremen
ton captured the navy yard bas-
ketball title of the Pacific coast
last night by eking out a hard
fought victory over Mare Island,
81 to 90.
LOS ANGELES, March 2. -
prince" Chewchki, Oklahoma gyp-
sy, and Charlie Santen of st.
Louis meet in a two-hour time limit
match at Hollywood Legion sta
dunn tonight. Supporting the
heavyweights are Jack GanSon and
La Vosca Severe, and Perry Mart
ter and Raoul Lopez. The latter
pair are both Olympic amateur
veterans, Martter in 1928 and Lo-
lez last summer.
LOS ANGELES, March 2. - r.
vine Warburton, cotton topped
quarterback on the University of
Southern California football team,
has entered the A. A. U. relays at
Long Beach Saturday and will
compete in the 100-meter dash.
Warburton is giving up baseball
for track. During his high school
days he was the state quartermile
champion. Coach Heartily Ander-
son of Notre Dame agreed he
make better 100-yard man after
watching him tote the ball against
the Irish last December.
DEL MONTE, Calf, March O.
A 13-year-old golfing prodigy, Clara
Calender of Dubuque, Ia, electri-
fled field and gallery alike yester-
day when she captured low net
honors in the qualifying round of
the annual Pebble Beach women's
golf championship.
Holding a handicap of nine, Clara
used driver and iron with equal
dexterity to card an 81 for a net
score of rs.
Her sparkling play put her three
strokes up on the favorite, Marion
Hollins, who took an $3.50.
LOS ANGELES March Bob
by Jones, the greatest golfer of them
all, will team up with Leo Diegel
of Aqua Caliente against George
Won Elm and Macdonald Smith in
an exhibition best-ball match for
charity at Wiltshire country club
Sunday. A third of the proceeds
will go to Eddie Lawrence, Los An
geles golf writer, now in sanitar-
ium; one third to Chick Fraser,
popular professional, who recently
lost a leg, and the balance to
Jones pet charity.
Imperial Valley press., 1933-03-02
CRIME ON VACATION

Spring fever, or perhaps it is the
depression, seems to have struck
Imperial Valley criminals in such
a way that time hangs heavy on
the hands of valley law enforce
ment officers.
Crime, as reflected cn sheriffs
reports last night and this morn
Ing was non existent IN the valley.
Net cne item Of local Importance
was listed Not even the theft OF an
automobile from any valley town
was reported to the ehrrifcs Of
Imperial Valley press., 1933-03-02
During March

We want TO move as many Lifetime Porcelain
Frigidaires as possible before the spring rush
season" commences. So, TO make it worth your
while for you TO get yours norC, we'll give you
FREE the $3.50 Electric Mixer shown here,
with whichever Porcelain Model you select.
Here are two cylinders for Super Power, the
Cold Control and all the other features that
Imperial Valley press., 1933-03-02

have made Frigidaire world famous-with
beautiful Lifetime Porcelain cabinet inside and
out-lustrous, sanitary, wear-proof.
Our stock of MAGIC MAID MIXERS is
strictly limited. They will not last long. And re.
member, this offer is for February only.
So come in today and see the new Porcelain
Frigidaires-all offered at amazingly low prices
Imperial Valley press., 1933-03-02
Swift, Sure Relief
For Classy Stomach

A tablespoonful of Dares Mentha
Pepsin rids your stomach of gas III
minutes or you can have your
money back. Same dose before
meals soon puts your stomach in
such fine shape you never have any
more gas, heartburn, nausea, sick
headaches, fullness, nor any stom-
ach distress. Money back any 1T
fails, says Shirer Drug Co. adv.
Imperial Valley press., 1933-03-02

The Turlock Irrigation District,
Stanislaus County, had l40, TAB
acres Of crops under irrigation last
year; alfalfa led with 44.602 acres.
Imperial Valley press., 1933-03-02
ESTATE is FLoDLIGHTED

SOUTH TRURO, Mass. up -
Richard A. Magee, current tenant
of the I25-year-old Cobb home
stead in South Truros bleak hills,
has rugged a device so that, by
merely swapping a button, he can
flood with lights almost day bright
the whole 100 acres of his estate.
Imperial Valley press., 1933-03-02

Dempsey can so ahead with defin-
lite plans.
Jack hasn't picked Chicago def
initely but he wants to stage it
here. Everything seems to be set
up fos, the venture.
Imperial Valley press., 1933-03-02
LEGISLATORS GOT NEW BILL

SACRAMENTO, Cal. ;U.pJ - A
verdict of 10 to Q would be suffi-
cient for conviction in all crimi-
nal cases except homicide, under
provisions of a bill submitted to
the state legislature.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08
RANKING IN CHICAGO
REMAINS INACTIVE
Illinois Awaits Word From Wash
ington Before Resuming
Business.
pvtba Aesoriated Press.

Blythe Associated Press.
CHICAGO, March 8.-General DanK,
ing in Illinois remained at a standstlll
TODAY. awaiting word from washington
as to the anticipated resumption Oh
business Friday.
Extension of the State banking hon.
day by Gov. Henry Horner last nlgnt
to conform with the regulations Specl-
fled by the Secretary OF the treasury
cleared the atmosphere of confusion.
Today the banks devoted special IA
cilities to making change. arranging
nayment of drafts necessary for nor
NAL movement Of foodstuffs, and pre-
pairing for the use Of clearing mouse
certificates if scrip were authorized
But there was no acceptance OF deposits
no Withdrawals or}cashing Of checks.
Gov. Horner in proclamation asked
the citizenry to share with President
Roosevelt the responsibility for restor-
ing the economic balance and the ma
tional faith.
James r. Leavell, president of the
Continental Illinois National Bank &
Trust Co., returned from the conference
at Washington with advice to Chicago
bankers to remain closed for the time
/ being.
Wait until We work out some uni
form plan for meeting the emergency
under Treasury rulings" he said. III
we are to have scrip, prefer that 1t be
Of national issue. 1t win be difficult to
operate with thousand different kinds
of paper in circulation"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08
ALEXANDRIA BANKS
LIMIT OPERATIONS
Institutions Are Open, But No
Money Is Being Released for.
Pay Rolls or Necessities.
BY STAFF Correspondent Of The Star.

BY STAFF Correspondent OF The Star.
ALEXANDRIA, March Sat a meet
ing of bankers Of this city last night
1t was decided to operate Alexandria
banks today under all regulations issued
yesterday by Secretary of the Treasury
Woodin except regulation 10, which per-
mits the exercise OF usual banking
functions to provide for absolute neces-
stiles Of life, pay rolls and expenditures
to maintain employment.
According to George E. Warfield,
cashier of the First National Bank, the
local banks, in line with the Washing
ton Clearing House, have decided to
await more detailed information in re-
gard to regulation 10 before operating
under It,
The local bankers hold that regula-
ton 10 is too broad and places too much
responsibility on the banks, Mr.. War
field said today. In the case of ham
ding pay rolls, local bankers would like
to know how the money which they
would use to cash pay roll checks I'M
der regulation 10 would be replaced,
he said
Under regulation 10 the question of
deciding whether or not persons OBJ
tanning money from the bank for ne
cessities Of life in accordance with pro-
visions Of the regulation were really
obtaining the money for necessities b
put up to the bankers to decide, an
other bank official explained.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08


Situation No. 3-Mr. Green owes the
United States Government income tax.
but Mr.. Green's money is tied up in
savings account. The Government
will accept checks, but Mr.. Green can't
write one on his savings account.
Question-What can Mr.. Green do?
Answer-He should file his returns
on time. On the returns form he should
explain that he Is unable to pay the
tax because his money l. caught in the
bank holiday in a savings account BY
doing that 1t is possible he will have to
pay a 6 psr cent fine. but by not doing
it-that is. by failing to make returns
he will have to pay rs per cent fine.
And. meanwhile. the Internal Revenue
Bureau Is trying to determine whether
1t couldn't lift the prescribed per cent
fine under such circumstances.
Situation No. Mr.. Browns interest
on his mortgages falls due Ever since
he made his last payment he has been
saving up for the current stipend and
he now has the amount In his savings
account, but can't get at it because Of
the holiday.
Questicn-What should Mr.. Brown
do?
An wer-Sit tight. Then, when the
banks reopen, GraW out all or as much
as he can Of the amount Of his mort
gage obligation and pay it to the broker
or other holder of his notes. Mean
while, the mortgage brokers are taking
rsane" view, they say, Of the general
situation and they are pressing no one
for payment they realize can't be made.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08

frozen gold for currency 70 finance e..
sential everyday affairs, such as the
meeting Of. payrolls and food purchases,
was put before the vast Federal Reserve
System.
The invitation-almost . direction
was IN the form Of new regulations
sent to Federal (Reserve banks by Sec
Rotary Woodin Of the Treasury. In q
word, he told Reserve banks they could
give currency to members for "ahso-
lutely necessary" purposes In exchange
for gold or gold currency.
Since President Roosevelt's drastic
proclamation Sunday night the gold
the Reserve member banks held had
been so locked up as to be virtually
useless Tor currency purposes. Under
the new regulations, however, 1t may
be traded to the Reserve banks for
currency to carry cut the limited oper-
ations already approved by Secretary
There were indications that this new
Soio-currency exchange order was to
be coupled with an effort to obtain ex-
pansion under the Glass Steagall act,
which became law a year ago. Under
TINS act, Reserve banks were author
lied to issue currency based on 40 Der
cent gold and so per cent Government
obligations. The old law required the
80 per cent to be supplied by eligible
commercial paper, and it was argued
that currency expansion under that
provision would tend to restrict credit
by tying up more of that class of paper.
Until President Roosevelt declared
his gold embargo, however, few banks
had taken advantage Of the opportunity
to use excess gold for additional cur
rency. Administration officials appar-
emily hoped that with the permission
to transfer free gold to Federal Re-
serve banks and get currency in its
place, a wider utilization of this power
would result.
This idea was being turned to, at
least temporarily, because of difficulties
encountered in attempts to form a ma
tional plan for the issuance of clearing
house enthusiastically Whether that
plan would be definitely abandoned re-
manned to be determined.
1t was known that Senator Glass of
Virginia, ardent opponent of anything
he considers initiation" had urged a
greater use of the permission contained
in the Glass-Steagall act in place OF
emergency steps.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08
CHECKS ACCEPTED
| FOR INCOME TAXES
Drafts on Closed Banks May
Be Sent After Effort
to Get Cash.
BY the Associated Press.


Checks on temporarily closed banks
are being accepted for income tax pay
ments. provided a 'diligent and con-
se.entiouS effort" has been made to fur
nish either cash or a post ONCE money
order
1t was explained yesterday at the
Internal Revenue Bureau, however. that
checks were not being taken on banks
that have failed. The position Of the
bureau was expressed this way:
The taxpayers should file their re-
turns in the usual manner on or be-
fore March Is and, II possible. submit
either cash or post office money orders
III payment of the tax shown thereon
In this emergency the bureau feels
that taxpayers should make a diligent
and conscientious effort to send with
their returns at least the first quarterly
installment, In cash or post ONCE money
order.
IT it i¬ possible for the taxpay-
ers to make payment by means Of cash
or post Office money orders, they should
send their checks. even though the
banks are temporarily closed, due to the
banking holiday. =
THE collectors will clear the checks
If 1t is possible to do so.
However, if the collectors are unable
to clear the checks within a reasonable
time, it will be necessary to call upon
the taxpayers for new remittances"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08
HEAVY TAX ON GOLD
| HOARDS DEMANDED
Col. Frank Knox Advocates
rs Per Cent Excise to Force
Metal Into Open.
CHICAGO March a @-Col Frank

CHICAGO, March 8 @.-Col. Frank
Knox, publisher Of the Chicago Daily
News and former chairman OF the Anti
boarding Commission appointed by for
mer President Hoover In his campaign
to drive money into circulation, in q
statement last night urged Is per cent
excise Ito tax gold out into the open.
The tax advocated by Col. Knox
by private persons or corporations other
than banking institutions which are
members Of the Federal Reserve sys-
tenn"
Text Of Statement.
Col Knoxs statement follows:
THE President of the United States
by proclamation has forbidden the
boarding Of money. The Secretary Of
the Treasury, acting under instructions
Of the President and in support of the
Presidents proclamation, has forbidden
the withdrawal Of any gold or gold GER
tiflcates. The necessity Of conserving
the Nations gold supply and making it
in the maximum degree effective as a
basis for currency is obvious and pri-
mary. This is a measure taken for the
protection Of all. since gold coin or gold
bars are the basis for the issue of cur
rency.
Under the Federal Reserve act cur
rency must be secured by a minimum of
40 per cent gold reserve This means
that the Federal Reserve system may
issue 81 so for each gold dollar held
1T Is transparency clear. then, that
every dollar of gold in the country
should be available to the Government
and in possession Of the Federal Re-
serve Banks, and that any person or
corporation Withdrawing gold for
boarding purposes Is thereby reducing
the available money for common use
by "a times the amount Of gold 80
boarded. The only purpose that a
person or corporation boarding gold
can have Is to gain selfish special
public.
Urges Is Per Cent Tax.
Such selhshness and indifference to
the public welfare cannot be tolerated
during a national emergency.
Under the same principle Of pro-
tecting the public interest under which
the President declared an embargo on
the payment or shipment Of gold. Con-
gress should authorize the President to
impose an excise tax Of not less than
IS per cent on all gold boarded by
private persons or corporations other
than banking institutions which are
members Of the Federal Reserve system.
and this tax should be collected from
the last holder Of such gold in hiding.
There is probably not less than
100000 900 in gold boarded by private
individuals or corporations In the
United States. and the sum may be
even greater than this. Every dollar
OF that sum. whatever it is. .hould be
returned to the Federal Reserve prompt
ly by those who now have possession OF
it, and II it Is not thus returned prompt
", its value to the holder as a means
OF profit should be impaired at least to
the extent of the excise tax suggested
which would destroy all reason for
boarding it."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08
NATIONAL CITY BANK
TO DROP AFFILIATE
Securities Company to Be Made
Independent of Parent
Organization.
BY the Associated Press.

BY the Associated Press.
NEW YORK. March 8-The Ma
tional City Bank. second largest in the
world, and the National City Co., its
securities affiliate. are to be divorced
James H. Perkins, chairman of the
banks board. said last night officials
of the two concerns would seek to &C
complish this las soon as it can be
done in an orderly manner without
sacrifice of the assets Of the company
and Of the value which exists in its
facilities for the purchase and distribu-
ton OF investment securities Of the
highest grade"
Charles E. Mitchell. former chairman
Of the two concerns, and Hugh B.
Baker, president of the National City
Co, resigned recently following dis
closures before the Senate Banking
Committee.
Perkins returned yesterday from a
visit to Washington. during which he
conferred briefly with President Roose-
welt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08
W00DIN FIXES RULES
FOR new CURRENCY
Limitations Placed on Rediscount.
ing by Federal Reserve
Banks.
BY the Associated Press.

BY the Associated Press.
NEW YORK. March 8.-Strict limita-
tions were laid down by Secretary
Woodin In permitting Federal Reserve
banks to rediscount for member banks
and supply them with currency for vital
needs.
Before member bank obtains thi,
privilege 1t must:
l. Disclose the amount Of coin and
currency it has on hand.
2. Explain the need for additional
coin and currency.
8. Deliver all its gold and gold GER
tificates to the Federal Reserve bank in
exchange for other currency.
The only banks to receive such ac-
commodations are those which, In the
judgment of the Federal Reserve bank
are complying with the spirit as well as
the letter Of the Treasury regulations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08

in violation Of any Federal law or Of
any order or regulation issued by the
controller OF the currency; and "a
no gold or gold certificates shall be
paid out. Each banking institution and
its directors and officers viii be held
strictly accountable for faithful COM
pliance with the spirit and purpose as
well as the letter of this regulation"
Deposit Box Entries.
In addition to these enlarged services,
offered by the local banks today, they
are also permitting entry to safe de-
post boxes, making change for Gus
toners, accepting payments on obliga-
tions due from customers, and cashing
checks drawn on the Treasurer OF the
United States
The latter regulations were adopted
on recommendation of the Clearing
House Association when the local banks
were reopened Tuesday morning after
the bank holiday proclaimed by Presi-
dent Roosevelt had been partially lifted
by special notifications issued by the
Treasury.
The question of scrip is one of the
biggest problems in the minds Of Dis
trict Of Columbia bankers, as well as
among their thousands and thousands
VI CuStOMerS.
All that the Clearing House officials
have yet said is that it is being studied
by the special committee from every
possible angle
To the layman the issuance of scrip,
or some form Of Clearing House certifi-
Gates, appears to be comparatively
simple matter. Yet it is most difficult
and to be avoided If possible.
In the first place it cannot be printed
hurriedly. 1t has to be engraved the
same as any other paper money on the
very finest Of paper and in manner
which cannot be counterfeited.
1t cannot be printed by the Bureau
of Engraving and Printing, but must be
produced by some firm which has no
Government connections. That firm
has to be bonded.
Another vital point is the fact that
It has to be backed up by the soundeSt
of assets. 1t is based on the assets Of
the banks which are to use it so that a
special committee must go over the as
sets of each institution most closely.
The Clearing House, in assuming re-
sponsibility for its soundneSS, has many
tasks to perform before the substitute
currency is actually put into service.
The problems in issuing scrip involve
so many different points of views that
officials of the local Clearing House
have refused to act hastily.
Once scrip is put in circulation, bank
ers say, it is easy to handle both in and
out Of the banks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08
Depositors Told Remedies
Battling Situations Created by Bank Holiday
Outlined, With Possible Methods for
Meeting Them. ..-

bamd 1T in
O
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08


Situation No. l-Mr. White has been
saving up to pay his real estate taxes
for months and at last he has the
count in a bank. The District gov
eminent has announced 1t will accept
tax payments by check But, Mr..
White can't write checks because he
has a savings account
Question-What can Mr.. White do?
Answer-He should draw check
against his savings account, mark the
check with the serial number Of his &C
count and mail it to the Collector Of
Taxes, D. c. The Collector Of Taxes
will not give him a receipted bill, but
he will hold Mr. Whites savings &C
count check until the banks are doing
business again and then. after pay
ment actually has been made to the
District, he will present Mr.. White
with his receipt.
Situation No. 2-Mr. Black owns
house, but he doesn't live in 1t. He
rents it. The taxes are due and Mr..
Black doesn't have enough money to
pay them True. months rent from
not cover the taxes, but would pay
large percentage. The tenants
money is tied up tight in savings ac-
count. Now the District government
will grant extensions of time to house
owners for tax payments-provloed
they live in their property. But, OF
course, Mr.. Black doesn't.
Question-What can Mr.. Black 90?
Acknowledging. He's out OF luck.
The law which allows time extensions
makes no provision for him.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08
RICHIE ASKS AID
FOR SMALL BANKS
REQUESTS Roosevelt to Con-
slider Non-Members of
Clearing Houses.

An appeal was made to President
Roosevelt today by Gov. Richie OF
Maryland to show consideration to
what he described as the thousands OF
banks throughout the country not
members of metropolitan clearing
houses. which may not be able to pur-
chase clearing house certificates during
the bank holiday.
The Governor said that there are
nearly 200 OF these small banks In
Maryland and that something should
be done by the Federal Government to
relieve these banks from an embarrass-
ing situation. He stated that the
danger lies in the fact that these
smaller banks, even though solvent, Will
be compelled to close with appalling
loss to the depositors and to the
States
Asks "a Chance to Live"
These banks in my State and IN
other States" Gov. Richie said. are
part Of the very life Of the people.
Whatever may be the sound oank.
ing system Of the future, whetner II
REQUIRES the survival of the strong only
or not. I do not think it should be &C
complished at the sacrifice or the
Jeopardy Of these smaller banks.
The MARYLAND executive concluded
his statement made to the press after
his talk with the President, by saying ::
INV plea is that the Federal plans
take into account the small bank prob
lem and give these banks chance 20
live now, and If sound national pohcy
contemplates experimenting them IN
The future, that at least this be done
in a Way which assures no unnecessary
loss to the people whose homes ana
livelihood and savings depend upon
them" A.. .+o-.
that his information was that II Is con-
templated to issue clearing mouse Ger,
tificates in the various communities, ano
that this necessarily includes the reserve
Money centers of the country. where
the policy Of the clearing houses Is
largely and often entirely controlled by
the LIQUID metropolitan banks.
Long Calls on President.
Pointing out that these banks Will In
O oreat measure decide the class OF Sc
curities against which the certificates
NAV be issued, he said that "thouSanos
of these small banks are not members OF
the metropolitan clearing houses, ana
NAV not be able to purchase the clear
ing house certificates, either because OF
such non-membership or because tne
clearing houses specify more uqulo
grade of collateral securities than these
town and rural banks possess. Some.
thing should be done to take care OF
them .,.,.
Another Of President Roosevelt's
callers today was Senator Huey Long
of Louisiana, who said afterward ne
discussed the banking situation, but
ali he cared to say publicly was that
everybody is going to have plenty ana
the only solution Of this problem is a
redistribution of wealth"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-08
Fire Advisers to Meet.

SEAT PLEASANT. Md. March 8
(SpeciaD The advisory board Of the
Prince Georges County Volunteer Fire
mems Association will meet tonight at
o'clock in the Tuxedo heverly Fire
mems Hall.