The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-15
BANKS REOPEN;
STOCK MARKET
WHEELS TURN
Business on Way Back to
Normal in New York
and Midwest.

By United Press
CHICAGO, March 15.- Reopen
ing of additional banks in mid
America today shared intereLt with
the first trading in ten days on the
Chicago stock and curb exchanges.
Numerous national and state
banks in Illinois outside Chicago
and clearing house cities were
authorized to open today. The fed
eral reserve bank in Chicago
authorized reopeningS Of hundreds
of banks in the middle west. Other
federal units at Minneapolis and St.
Paul took similar action affecting
the area.
The Chicago Board of Trade will
resume general buying and selling
Thursday. In the entire history of
that exchange, trading never before
had been suspended for ten-day
period. Brokers on La Sale street
were optimistic at the accumulation
of bullish news over the bank hol-
day.
Warn on Bear Raids
In New York the Stock Exchange
reopened today without definite re-
strictionS on trading, but tacit
warning against bear operations
came when members were ordered
to submit reports of outstanding
commitments of short interests.
From these reports the governing
board of the Stock Exchange will be
able to determine at any time what
bear operations are undertaken aft
er trading is resumed.
Public confidence did not appear
to be shaken by the arrest in New
York late Tuesday of Joseph w.
Hartman, chairman of the board of
the Hartman National Bank and
Trust Company, which is in the
hands of a conservator appointed by
Secretary of the Treasury William
H. Woodin.
Nor was it affected by news of
the New York state court of appeals
of prison sentences for the president
and president of the Bank Of
United States, closed in December,
1881.
Hartman, Ill, Arrested
Hartman was arrested and ar
raigned in his home, where he was
confined to bed by a serious heart
ailment. He was charged with caus-
ing Justification of the books of the
Hartman National bank to the eX-
tent of more than 100000.
Total amount of juggling involved
is $1,393 900, according to officials
Of the United States attorneys
office, but only three specifications,
each amounting to more than $780,
900, were set out in the formal
charges flied.
Hartman, ST, was said by his
physicians to be in a serious phySi-
cal condition. He is a nephew of
the late E. H Hartman, railroad
flnancier. Brown Brothers, Har-
riman & Co., private bankers, is
sued a statement explaining that
the firm had no connection with
the Hartman National bank.
w. ANeI6u I1dI 1Illdtl, SOIl VI T..
H. Hartman, disavoWed connection
with the bank on The part of him
self, his brother, E. Rolan Harri-
man, and the estate of E. H. Har-
riman.
False Entries Charged
The United States attorneys Of
flee charged that the false entries
it attributed to Hartman were
made to finance purchase of the
banks stock.
The Hartman National was the
only important New York City bank
not licensed by the federal reserve
board to reopen for business Mon
day.
The arrest of Hartman, despite
his physical condition, appeared to
provide positive support for reports
that the Roosevelt administration
was determined to prosecute all
apparent violations Of banking
laws.