davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-02-25
MARYLAND SHAPES
RELIEF MEASURES
IN BANKING HOLIDAY
Continued From First Page.)

tCoIltluueO from f1rSC Fa8e.D
notes" which in addition to prescrib-
ing certain regular holidays such as
the Fourth Of July and Columbus day
provides:
"All special days that may be ap-
pointed or recommended by the Gov
ernor of this State as days Of
Thanksgiving or fasting and prayer,
or religious observance or for the gen.
eral cessation of business. shall be re-
garded as legal holidays
Gov. Ritchie had been asked TO con-
slider a bank holiday Thursday night.
IN view of the Withdrawals of the first
part OF the week, but he decided 1t was
best to wait one more day and see If
the Withdrawals would subside. The
banks yesterday paid out almost as
much as the four previous days.
In his statement, the Governor said,
L believe there is no justification for
the Withdrawals which have recently
been taking place. But to protect the
property and savings Of the people of
the city and State, these large with
drawals should stop"
Harry Fahenstock, president of the
Baltimore Stock Exchange, announced
the exchange would be closed until fur
ther notice.
Early reports last night quoted How
ard Bruce, chairman of the board of
the Baltimore Trust Co., as saying the
| amount OF Withdrawals at his institu-
ticn yesterday amounted to $4,000, 900.
1t was later learned this was incorrect.
Mr.. Bruce's statement was that all Bal
timore banks had Withdrawals amount
ing to s6,oooo0o yesterday.
Evening star., 1933-02-25

Board Of Education's 100000 estimate
for repairs to schools instead of accept
ing the House recommendation that
$350,000 be appropriated for this pur-
pose. Among the organizations repre-
sented in this connection were the
Roosevelt Parent Teacher Association,
the District Of Columbia Congress of
Parents and Teachers, the Federation
of Citizens Associations and the editor
Of the Trade Unionist.
Letter From Owners.
George E. Sullivan, representing own
for the new Jefferson Junior. High
School site, today sent to the Senate
Subcommittee a letter in reply to the
discussion which took place yesterday
regarding the negotiations for the pur-
chase of the site. His letter read In
part as follows:
Since I represent, in the pending
judicial condemnation proceedings, the
land owners mentioned in the discus
sion before your committee, am max
ing this request simply as q matter
of fairness to them and not in advocacy
of the item referred to, which really
provides $4,000 less than the fair
and judicially determined value of the
land concerned. In fact the item
referred to was recommended by the
District Commissioners merely to cor
rect clerical error by the Commits
sioners in the former District appro-
priation bill, which, although making q
supplemental appropriation of $4,000,
had inadvertently failed to use formal
language to keep in force the unused
appropriation heretofore available for
the purpose"
Another part Of the letter stated:
'1t Is additionally unfortunate and un-
just to my client to be described, at
the instance of the assessor, as at
tempting to hold up or soak the
District, when the assessor well knows
that no comparable second commercial
land In that vicinity can be bought for
as low as IS a foot, which Is twice the
compromise amount proposed by the
District Commissioners, and when the
assessor further well knows that the
81 foot awarded by the jury for the
73,718.72 square feet owned by my
clients is at about the same rate as was
awarded by former jury, and actually
paid by the District, to other owners
of the other land required for the new
Jefferson Junior High School"
Evening star., 1933-02-25
GUARANTY BILL PENDING.
Bank Measure in Senate Already Given
House Approval.

A House-approved bill to guarantee
bank deposits has been pending in the
Senate for months, but leaders on both
sides agree there is little or no chance
Of it becoming law at this session.
As an emergency step, the Couzens
bill to give the controller of the cur
rency authority to regulate Withdrawals
from national banks is regarded as the
only legislation that can be passed this
session. The House was to vote on this
today. It already has passed the Senate.
Ever since the House passed the
Steagall guarantee proposal last year
it has been tucked away in Senate
Banking Committee pigeon hole.
instead the committee reported out
the Glass banking reform bill, setting
up huge Federal hquidating corpora
ton for closed banks and embracing
provisions to curb the use of Federal
Reserve credit for speculation.
This passed the Senate several weeks
ago and went to House Banking Com
mittee pigeonhole.
Some members Of the House COM
mittee say they would not object to
this measure passing II it contained an
insurance deposit feature whereby q
bank would put aside one-sixteenth OF
its deposits as q guarantee against loss
to depositors. Others however. have
Evening star., 1933-02-25
BANK GUARANTY
BY j. S. PROPOSED
Five Economists Say Safe.
guarding of Deposits Would
Restore Confidence.
BY the Associated Press,

By the Associated Press.
ANN ARBOR, Mich, February u.s.
Guarantee by the Federal Government
Of all bank deposits throughout the
country as a means to restore public
cry was proposed today by five Uni
versity Of Michigan economists.
This plan was proposed by I. l.
Sharfman, chairman Of economics;
Leonard L. Watkins, professor in charge
of money and banking in the economies
department. Clare E. Griffin, dean OF
the school of business administration
r. G. Rodkey, professor of banking
and William A. Patton, professor OF &C
counting. Copies of the memorial con-
tanning proposal and arguments were
sent to Washington to members Of the
Harrison Sub Committee Of the Senate
Finance Committee.
Fos Federal Guaranty.
I'VE believe" University of Michigan
economists state In the memorial, that
Federal guaranty of bank deposits is
the only effective measure which can
now be taken to stop bank failures,
bring about the cessation Of boarding,
and loosen the funds necessary for the
normal resumption Of business. Gov
ernment is more seriously threatened by
q timid, fabian and piece-meal policy
than it would be by the guaranty
measure"
Federal guaranty" the economists
state, "is urged solely as q temporary
emergency measure, and it Is not In
tended that such a measure should un-
duly delay or interfere with permanent
reforms. It has become apparent that
q general overhauling Of our banking
system Is necessary.
Requirement of Funds.
"Since the purpose Of Federal guar
anty is to keep banks in operation by
enabling them to meet the demands of
depositors," the memorial says, "the
Government would be required to fur
nish funds in so far as depositors con-
tinued excessive Withdrawals. If such
Withdrawals cease and money begins tc
flow back into banks Immediately fol-
lowing the passage Of q guaranty law
as we expect, the only Government out
lays of importance would be in connec-
tion with certain banks, which the Gov
ernment might decide to Hquidate.
We do not believe the Government
would have to bear large losses"
The economists declare that the guar
anty proposal appears to us to be the
surest and most effective defense against
radical proposals for initiating the cur.
rency now urged before Congress"
They suggest the Reconstruction
Finance Corporation as a working
agency for the plan, pointing out that
relatively little new machinery woult
be neceSsitated."
Evening star., 1933-02-25
two LIQUID BANKS
|. PLAN IN MICHIGAN
Solution of Difficulties Ex.
pected From Step by Two
Old Institutions.
BY the Associated Press.

BY the Associated Press.
DETROIT, February 25-Defnite
progress toward q solution Of Michi-
ean's banking problem was seen today
with the announcement by officials OF
the First National Bank and the Guard
ian National Bank of Commerce Of the
expected completion within a few days
OF plans to form two new banks here
with wholly liquid assets.
A statement issued last night jointly
by the two banks said: Sufficient Cap
ital is expected to be subscribed by de-
positors In the two old banks to organ
ize the two new institutions"
Cash Payment Possible.
"These amounts, together with the
cash on hand and absolutely liquid Sc
curities, will make possible a sub
stantial cash payment Immediately. !"
Unofficial estimates placed at approx
mately so per cent of deposits the
amount to be made available in the next
few days.
Formation Of the two new banks In
Detroit was expected to have a bene-
fetal effect upon the situation through
out the State.
Meanwhile two plans were advanced
in the State to provide an adequate me-
dunn OF exchange during the holiday
period, and to guard against similar
conditions in the future.
Transferable Certificates.
One was a suggestion by Rudolph E.
Reichert, State banking commissioner
who, under legislation now pending,
would become the virtual banking die
tator Of Michigan, to issue transfer
able certificates to the total amount
Of frozen assets in the banks. His
theory Is that such certificates would
achieve general acceptance and circu-
lation. They would reach the banks in
the regular course OF business, and be
retired as the liquidation of now frozen
assets permitted
The second plan was introduced by
State Senator Herbert P. Orr, a Caro-
Mich, banker. He would set up a
State Reserve Bank to function much
as Federal Reserve banks now are de-
signed to do, furnishing a regulatory
check and liquid reserve in times OF
stress.
Evening star., 1933-02-25
YOUNG LAUDS RECORD
OF AVIATION SERVICES
Foresees "Unequaled" General
Transportation System
in America.
By the Associated Press,

BY the Associated Press.
NEWARK, N. j.. February 25.-A
general transportation system for the
United States, "unequaled anywhere
else in the world" is the prediction of
Clarence M. Young. Assistant Secretary
OF Commerce for Aviation.
Speaking at the aviation dinner of
the Junior Chamber of Commerce of
Newark last night, Young said air
transportation, because of speed and
directness, is not competitive.
Nothing is going to defeat it." he
declared, land eventually it will fit in
perfectly with railroad and steamship
transportation; and when that time
comes, this country will have a general
transportation system unequaled any,
where else in the world"
Young said $4,000 passengers were
carried on scheduled flights last year,
while the number of miles flown mount
ed to $4,000, 900 from only 1000. 900 in
1926.
Maj. James Doolittle and Capt. Frank
Hawks, speed flyers, were other speakers
Evening star., 1933-02-25
BAND CONCERT.

BY the United States Soldiers Home
Band this evening at Stanley Hall at
$50 o'clock. John s. M. Zimmerman,
bandmaster; Anton Pointner, assistant:
March, "Our President" nt"......... Cello
Overture, "A Night In Granada"
Kreutzer
Two Hindoo pictures, Approaching
and Passing q Hindoo Temple, The
Shepeherdess Of the Himalayas,"
Hanson
Potpouri, "Viennese Folk Songs"
Komzak
Fox trot, 1.-TWO Smiling Eyes,. .Magnes
Valse espagnol, "Mercedes". ....... Miro
Finale, National Emblem. ...... Bagley
TIA Star 6pangled Banner"
Evening star., 1933-02-25
KNIFE VICTIMS UNCLE
PLANNED JOINING HIM
A. v. Drexel, Learning Of Death,
viii. Go to Europe Instead
of Java.
BY the Associated Press.

BY the Associated Press.
SURAKARTA, Java, February 25.-
A. j. Drexel, Philadelphia banker,
whose nephew, John r. Fell, died Of q
knife wound on Wednesday, had in
tended to come here from Colombo to
Join Mr.. Fell before he received word
Of the death, 1t developed today.
The police, who are still investigating
the circumstances Of Mr.. Fell's death,
said they had learned that Mr.. Drexel
was I'd come from Colombo to join
Mr.. aud Mrs. Fell and that all three
were going on to Europe from here.
Mr.. Fell changed his plans, deciding
to 60 to Japan, and Mr.. Drexel plan
ned to come to Batavia. When he
learned Of his nephew's death, Mr..
Drexel changed his mind again and
win 20 to Europe from Colombo.
TIE police apparently are inclined to
thinN Fell's death was accidental. They
hava found no evidence to substantiate
any sother theory Mrs. Fell Is re-
mai1)ng hare for the present.
Evening star., 1933-02-25
BALANCED BUDGET
BY JULY | SOUGHT.
Roosevelt Summons Woodin
as New Fiscal Policy
Takes Shape.
BY the Associated Press.

By the Associated Press.
HYDE PARK, N. Y, February as
The new national fiscal policy took shape
here today as President-elect Roosevelt
called in his Secretary Of the Treasury,
William H. Woodin Of New York.
A balanced budget before July /, the
beginning Of the Governments book
keeping year, is Mr.. Roosevelt's aim.
He is relying principally on economies
through Government reorganization to
wipe out red ink.
Revenue collections through beer leg
islation also are counted upon. Until
an accounting Of probable expenditures
and collections for the next year is pos
sible any decision on new taxes is un-
likely. Also, the President-elect wants
to see what the new income taxes pro-
duce at the flrst quarterly collection, on
March Is.
Ready to Talk War Debts.
Meanwhile, the national business
situation, including conditions in rail-
road and banking, is also receiving at
tention. 1t is emphasized here that Mr.,
Roosevelt is optimistic about this.
Coming here fresh from parley with
Secretary Ogden L. Mills, the Hoover
administrator Of the Treasury, Woodin
also is believed ready to talk war debts
relief and the relation of this question
to the national financial policy.
The PreSident-elect made long strides
In his selection Of men to fill i'm
portant posts at yesterdays parley with
James A. Farley, national chairman,
put there were no announcements. Also
there was nothing to say last night
about sudden call here by Mayor
James M. Curley of Boston, mentioned
for Minister to the Irish Free. State.
Straus May Get Paris Post.
The name of Jesse Straus, New York
merchant, continues to be heard In the
discussion for high place. He Is men
toned for an ambassadorship possibly
at Paris or Havana.
Henry Morgenthau, jr., New York
State conservation commissioner, Is re-
garded as the next chairman Of the
Farm Board, with the Job Of co-ordinat-
| ing all Government farm agencies into
working unit.
There IS beginning to be some doubt
whether Bernard M. Baruch, New York
fnancier, will head the American dele
cation to the economic conference that
now appears imminent. Baruch has
been hesitant about accepting public
Office.
Tonight Mr. Roosevelt goes up. the
road few miles to Staatsburg, where
old friends and neighbors are planning
farewell party. He will probably leave
here Tuesday for New York and depart
late Thursday for Washington.
Evening star., 1933-02-25

opposed this on the ground it would
place q premium on bad banking"
Two other banking bills are pending
in committee in the Senate. One, by
Senator Vandenberg, Republican. Of
Michigan, would define time deposits
and guarantee IS per cent Of such as
sets by a fund created by taxation.
The other, by Senator Townsend, Re.
publican, of Delaware, would give the
controller of the currency power to reg
ulate Withdrawals from national banks
for a two-year period.
Evening star., 1933-02-25
O. E. S. MARKS FOUNDING

Special Dispatch to The Star.
LA PLATA, Md, February 25.-The
third birthday Of st. Columbia Chapter,
Order Of the Eastern Star, was cele-
brated following the regular meeting
of the order. Mrs. Warren M. Albrit-
tain, worthy matron, was In charge
A prog1am was rendered. consisting of
vocal, piano and violin solos and chorus
singing. Those who had parts were !:
Mrs Walter G. Schwab, Mrs. Harold S.
Swami, Miss Madeline Spencer, Mrs.
Margafetta Hancock, j. p. hancock
and Milton M. Somers.
H. s. Swami was toastmaster. About
100 guests from Hyatesville, Upper
Marlboro and Indian Head were
present.
Evening star., 1933-02-25
TOXIC SPLITS DECISIONS.
VIII Consider World Economic Farley
Separately.

TOXIC, February Is (P.-An ex-
traordinary cabinet session decided to-
day to consider the question Of par
ticipation in the world disarmament
economic and labor conferences sepa-
rately from its decision to secede from
the League of Nations.
A decision concerning Withdrawal
from the world conferences was ex-
pected to be delayed for some time.
A government official said it only
remained for the government to de-
eide the time and manner of announc-
ing to the world the decision reached
February 20 to secede from the League
Following close upon dramatic with
drawal of Japan's delegation from the
League assembly, a war Office COM
munique issued at noon said japanese
and Manchukuo forces begin the gen.
eral offensive" in Jehol today.
NArSrnKA rn uvcrr TT
Evening star., 1933-02-25
JAPAN THREATENS
TO INVADE CHINA
Muto Warns Chang Against
Resistance-Three Cities
Fall in JehoI.
Continued From First Page.)

has directed the investigation of the
Manchurian crisis for many months
was expanded to include Canadian and
Dutch representatives In a new body
which will seek cooperation between
the member and non-member nations
In the League plan.
While Japan was preparing to serve
notice of its formal withdrawal from
League memt cZship sometime next
month, League officials pointed out this
is long constitutional process. Two
years notification is prescribed before q
complete break is recognized.
The assembly still was technically In
session today and subject to call
Several members spoke with sympathy
of the embargo plan and Capt. Anthony
Eden, British delegate, was authorized
to negotiate with representatives of
other governments on the committee
regarding an embargo.
The exodus of Japan's delegation to
the League Assembly began this morning.
Yosuke Matsuoka, its chief, started for
Toxic by way of Paris and Madrid. He
plans to visit The Hague before leaving
Europe and possibly will 60 to Japan
by way of the United States. Other
members Of the delegation will follow
soon, but for the present the disarma-
ment delegation Is remaining here.
Evening star., 1933-02-25
CHAOYANG CAPTURED.
japanese Troops Continue Advance on
Jehol City.


CHINCHoW, Manchuria, February Is
R.-Japanese troops, under Lieut.. Gen.
Yoshimichi Suzuki, captured Chaoyang,
second largest city in Jehol, today and
continued to advance toward Jehol City,
the metropolis and capital.
Japanese reports said airplanes went
into action for the first time in the big
offensive, Fastening Chinese retreat on
roads leading to Jehol City and
Chihfeng. (Chinese reports said Japanese
planes bombed Chaoyang for three days
this week.
A new Japanese advance into the
Chinese Province, midway between the
two offensives already launched also was
disclosed in japanese reports.
Aviators were reported to have bombed
hostile bodies three times today south
east and southwest Of Chaoyang. A
bitter wind was whipping across the
region with the temperature at 10 below
zero Fahrenheit.
Contrary to earlier Japanese reports
that said Chaoyang was occupied
without resistance, it was conceded
later that stiff fighting on the road
east of the city preceded its fall. (Chi-
nese reports said 10000 japanese troops
with tanks and planes began the as
sault on Chaoyang Thursday night after
a previous aerial bombardment)
Evening star., 1933-02-25

determined by physical examination
The kidney function is improved ac-
cording to laboratory reports. The lungs
snow no increasing evidence Of conges-
ton. However, his exhaustion is quite
marked, causing anxiety as to the ulti-
mate outcome.
The latest electrocardiogram shows
evidence Of widespread heart muscle
damage. Pulse 120, respiration "a, tenn
perature 99.4"
Relatives at Hospital.
The physicians abrupt departure
from their apparent satisfaction last
night with the patients condition gave
rise to speculation among Mayor Ger
mak'S friends at the hospital along the
line that his sinking spell of Yesterday
mad proved too great strain on his
heart. despite his remarkable recovery
late in the afternoon and last night.
Information from members Of the
physicians group this morning, prior
to the general conference, had not in
d1cated the immediate need Of oxygen
Mayor Cermak's daughters. Mrs.
Frank Jirka and Mrs. Richey Graham.
and his granddaughter. Vivian Graham,
arrived at the hospital as the oxygen
tent was being prepared for transfer
to Mayor Cermak's room.
DR.. E. S. Nichol said: I'VE are re-
sorting to the oxygen tent to determine
If 1t helps the patient to breathe easier
and slows down the pulse. If it makes
the patient more comfortable 1t will be
continued indefinitely"
Members of the Cermak family, see
ing the oxygen tent set up outside the
mayors door, broke into tears during a
brief discussion with DR.. Nichol They
were quieted in few minutes, however.
Suffers From Colitis.
Attending physicians relied upon glu-
cose injections and stimulants to ward
OF inconsistencies.
Pain from colitis and general weak
ening of his system wracked Cermak's s
the corridor outside his room.
Mayor Cermak is very sick man."
DR.. J. w. Snyder said But the CO.
the pulmonary congestion is no worse
and the heart action Is holding up fairly
well.
While We do not want to be over
enthusiastic in the matter, or raise
false hopes, still the fact these favor
able conditions do exist lends encour-
agement"
There has been no necessity for blood
transfuSionS, and at present none is
considered. DR.. Snyder said Cermak
lost little blood from the wound caused
in his side by the bullet that struck him
down as Giuseppe Zangara fired wildly
at President-elect Roosevelt here last
week.
Earlier DR.. Snyder said Cermack
"even has a chance to get well' in dis
cussing reported improvement after q
glucose injection.
StimuIants Administered.
Twice during the night Cermack,s
arm was barred to the injection needle
and $50 cubic centimeters of 10 per
cent glucose was pumped into his veins
each time. A pint measure Is 500
cubic centimeters.
Tie glucose is q concentrated food
substance, and was administered to
avoid strain Of digestion upon the
intestnes, already dangerously inflamed
and weakened
Stilnulants were administered for the
heart. as action lessened during the
night. Sedatives brought some sleep.
John D. Hertz, taxicab magnate;
John Harding, restaurant operator; Ed
ward y. Kelly, public official, and Alder
man James Bowler, all Of Chicago
maintained q vigil in the sun parlor
just outside the mayors room, most OF
the night.
Evening star., 1933-02-25
OSLO GOVERNMENT FALLS
Resigns Over Question Of Co.
operation With Radicals.

OSLO, Norway, February rs H.-
The government headed by Jams r.
Hundseid resigned today.
The action followed the APPROVAL by
the Storting (the National Legislature)
of a resolution expressing regret be-
cause of the governments non-co-oper-
alton with the Radicals. The vote on
the resolution was 80 to 81.
Evening star., 1933-02-25
CHINA DENIES CAPTURE.
Declares japanese Repulsed In Chaoy-
ang Attack.

NANKING, February Is (P.-Chinese
military headquarters issued denial
tonight of a Japanese communique an
nouncing the capture Of Chaoyang, the
second largest city in the Province Of
Jehol.
Japanese forces did not even sue
ceed in entering the city, the statement
said. They were repulsed in an in
fantry attack, fell back and resumed
an aerial bombardment.
The Chinese also denied that the
northern city Of Kailu had fallen. At
that point, Marshal Chang's headquar-
an attack by Monogolian and Man
chukuoan forces.
Evening star., 1933-02-25
DEATH PLOT F0ILED
Ten Medcans Arrested in Menace
Of Governor Of Tabasco.

MEXICO CITY, February IS R.-
Police last night said a plot to assassi-
nate Gov Tomas Garrido of Tabasco
had been frustrated here with the ar
rest of 10 Tabasco citizens.
Gov. Garrido escaped assassination
here four years ago through use Of Q
bulletproof vest.
Evening star., 1933-02-25
MATsUoKA TO VISIT U. s.
VIII Sail From London March Is for
America,

LONDON, February IS (R.-Yosuke
Matsuoka, chief of the Japanese dele
CATION which Withdrew from a League
of Nations assembly meeting yester-
day, plans to sail from England for
the United States about March is for
an unofficial visit to Washington before
returning to- Toxic, it is understood
here.
He is expected In London on March 8.
Officials at the Japanese embassy said
he had no official mission either here
or at Washington.
Evening star., 1933-02-25
OXYGEN Is GIVEN
CERMAK IN EFFORT
TO SAVE HIS LIFE

Continued From First Page.)