davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
CHICAGO BANKS
ARE REOPENED
IS National and II State
Financial Houses Again
Doing Business.
By United Press

By United Press
CHICAGO, March 13.-Approved
by the government as sound banks,
fifteen national and seventeen state
banks in Chicago reopened today to
do full banking business.
The national banks, including the
Loop" banks, which have built La
Sale street, received formal autho-
rization to open through the secre-
tary of the treasury.
State banks, all of which have
applied for membership in the fed
eraI reserve system, were announced
by Edward j. Barrett, Illinois state
auditor. Federal reserve authorities
have approved the applications for
membership in the national bank
ing system.
Treasury orders provide that only
Chicago banks in Illinois open to-
day and that other middle western
cities having clearing houses will
have their banks reopened Tuesday
and smaller communities on
Wednesday.
The executive committee of the
Chicago Clearing House Association
adopted resolution providing that
all Withdrawals by depositors must
be accompanied by an "anti- hoard
ing certificate"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13

what are you worth, what
have you got, how have you been
doing buSiness?"
They answered tersely, laying
on the desk summaries of their
positions, The trust company
presidents were passed on to
George Steele, Morgan juniors,
who examined their portfolios and
reported on their worth.
Meanwhile, Morgan received the
flnancierS.
Ut was just 10 o'clock" the
4 World of Thursday reported,
"when Thomas F. Ryan, tall,
broad shouldered, came silently
into the glassed-in space. Back
Of him was E. H. Hartman; be-
hind were Henry G. Prick, Judge
Ebert H. Gary, of United States
Steel, with w. E. Cory, it's presi-
dent; George F. Baker, of the
First National; a representative
of the Vanderbilt interests; James
Stillman, of the National City, as
a representative of the Standard
Oil; Norman B. Ream, and repre-
sentatives of every great financial
group in the country visited him.
How can you help the situa-
tion?' was the sole question.
Never before in the history Of
the city, it is safe to say, has there
been passed over a table securi-
ties and symbol or memoranda of
securities equalling the amount of
money these thirty or more men
passed over the desk to the man
who was in command.
AL this was Morgan's, upon
which he could raise the necessary
money to tide over the situation.
With this he could go to the banks
intrusted with government mil
lions by Mr.. Cortelyou and get
cash sufficient to tide over the
emergency. Mr.. Stillman came in
and took a chair at the desk OPP
pOSite, and the second order of
the day was given:
Save the Trust Company of
America! We must make our
stand there; if it survives the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
LOOT is TAKEN
BY BURGLARS
Cash and Merchandise Are
Obtained in Stores and
Homes.

Yeggmen and thieves staged a
series of burglaries in homes and
stores during the weekend, obtain
ing cash and merchandise valued at
several hundred dollars, police said.
A small safe was dragged from
the office to a garage in rear of
the General Motors Truck Company,
81 West Thirteenth street, Saturday
night and $3.50 taken from the
strong box. The combination had
been removed.
Yeggmen tore off the combina-
ton, but failed to gain entrance to
a safe in office of the East End
Dairy, SIT Highland avenue, R. A.
Bulstra, operator, said.
Vandals early today gained en-
trance to a branch library at Rural
and washington streets, scattering
books on the floor and looting desks.
Sounding of a burglar alarm
routed providers, who early today
attempted to cut a hole in the roof
of a Haag pharmacy at 1914 College
avenue.
Other weekend thefts: Meier
pharmacy, 1401 East Nineteenth
street, unestimated; Miss Vivian
Rice, 1912 College avenue, unesti-
mated; Clarence c. Anderson, 3218
East Eleventh street, $13; Carl T.
Burck, BIB Brookside parkway, $50;
Kerch pharmacy, 1902 West Wash
ington, $44; Mrs. Ellen Grove, 1924
Stanton avenue, $18;. Huston E.
Titzer, 1410 East Tenth street, $26;
Harry Shoobridge, 2319 Brookside
parkway, $11, and Western Union
Telegraph Company branch office,
Thirtieth and Illinois streets, small
loss.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13

shock today, and perhaps tomor-
row, the worst of the storm will be
over!"
TOUR enormous" bags holding
Il the Trust Company of Amer
leans collateral were poured out
on tables in J. p. Morgan & Co.'S
offices. They we're checked as to
value and found ample.
AS 3 D. M, the close of the bank
ing and Stock Exchange day, APP
preached. the tension increased.
The Trust Company of America
was withstanding its run.
And over at the stock exchange,
Keenes buying following his GUS
tomary pattern in multiples of 300
shares, had shored up prices.
The support which Mr.. Morgan
and the Keene brokers gave to
Union Pacific, Pennsylvania and
United States Steel saved the day
when complete Decentralization
threatened" said the World.
RumorS flew thick and fast on
the floor. 1t required prompt de-
malls from Hartman to prevent
harm to the western railroads,
when the story spread that Nor
gan had demanded as a condition
to supporting them that the dog
ged little financier retire as presi-
dent of Union and Southern Pa
cif1c.
Old enmities we're forgotten.
Seldom ever have the warning in
terestS in Wall street joined in
such strong solidarity.
On that day the back of the
1907 panic was broken, although
runs continued into the following
week on several trust companies,
and only the receipt of 500, 100000
gold, in all, finally restored cur
rency to its old freedom.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
Play to Be Resumed in
Times Junior Polo Meet

Semi-final games will be played
next Sunday afternoon before the
regular Indiana professional league
game, with the final junior tourna-
ment tilt carded for Sunday,
March &c.
The schedule drawn for Wednes-
day night and the time each tilt
will start follows: p. m, East Side
Ramblers VS.. Blackhawks; $50,
Black Peppers VS.. Riverside Jrs.; 7,
Holy Cross Flashes VS.. West Side
Cubs; 1870, st. Anthony Partners
VS.. the Squeeks.
Roy Byers, manager Of Riverside
skating rink, furnished all the
teams in the tournament with rink
skates for the games and will con-
tinue the same service throughout
the event.
Goal-tending equipment was fur
nished by the Indiana Pro League,
and its officials, Hendricks Ken
worthy, Tom Kenwcrthy, Gar Davis
and william E. Holmes, oficiated,
kept time, and scored all games.
Prizes in the tournament are be-
ing given by the Kingston Products
Company of Kokomo, manufactur-
ers of high-class skates. First team
in the tourney will be equipped with
the concerns top brand Of skates
and the runners-up will receive
high quality skates.
The L. S. Ayres store has cooper
ated with the Kingston Company
and The Times in promoting the
meet, the Ayres store giving a
hockey stick and puck with each
pair of skates sold.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13

With the opening of our
banks, a major financial epoch
becomes a matter Of history.
Let us keep it history, never
to be repeated again, by sup
porting the President and the
government, by spreading OPP
timism instead of whispering
campaigns, and by going
about our business in a sane,
normal manner.
Money is medium of ex-
change. When you hoard it,
it becomes mere metal or paper
without benefit to any one.
Help bring back your prosperity
by buying the things you need
and want. Spending is saving
today for everything is ridicu-
lousy low and the dollar buys
more than ever before.
Il
We will be glad to accept
your check on any merchan-
disc or service or to charge
the item to your account. If
you do not have an account,
drive in and open one. 1t
takes but a few minutes and
it's a convenience you can en-
JOY 365 days a year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
BELIEVE MONEY AFFAIRS
TO BE SUICIDE CAUSE
Roger NJ. Edwards Dies Three Hours
After Shooting Self.

Dependency over financial mat
ters is believed to have prompted
the suicide Saturday night of Roger
M Edwards, 81, an attorney and
aviator. who shot himself shortly
after he answered a telephone call
the nature of which has not been
learned.
He died at Methodist hospital
three hours after the shooting.
The shooting occurred at the home
of Edwards uncle. Grin E. Smith
1859 North Meridian street. where
he had lived since he was 3.
Smith. an attorney and district
claim agent for the New York Cen
trail railroad, told police his nephew
had been i'll several days.
Besides the uncle. he is survived
by his mother, Mrs. J. R. Beaudreau
Detroit, and a cousin, Miss Betty
Mae Smith.
Funeral services will be held at
$3.50 Tuesday Afternoon at the Elan
ner g. Buchanan mortuary, 81 West
Fall Creek boulevard. Burial will
be in Crown Hill.
Edwards was graduated from
Shortridge high school and the
Benjamin Harrison Law school.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
Promised to Get Husband
Freed, She Charges;
Aids SOUGHT.

Accusation that he obtained $500
from the wife of a bank robber con-
vict on the promise of getting
sentence committed from twelve to
five years resulted in arrest today
Of Earl Chapel, 3S, Grand hotel.
He is charged with obtaining money
under false pretenseS and conspir-
ing to commit a felony.
Two other men are said to have
aided Chapel, one having repre-
S-.4Ced himself to be Wayne Coy,
secretary to Governor Paul V. Nc
Mutt, in charge of penal institutions.
The charges were filed by Mrs.
Frieda Hitch, $50 North Meridian
street, Apartment 10, wife of John
Robert Hitch, sentenced to twelve
years in prison for bank robbery
in Clinton county April %. 1881.
She charged Chapel and the
other two men made overtures to
her for release of her husband which
resulted in payment by her of the
$500.
Coy said Mrs. Hitch called at his
office Saturday, stating she had seen
his picture in a newspaper and real
lied that he was not one of the
men who had talked to her.
Chapel was to have been tried
this morning before Municipal
Judge Clifton R. Cameron on
charges Of shooting in the city limits
and carrying a weapon, it being al
legged he shot at a man during a
brawl Saturday afternoon in pool
room at Illinois and New York
streets.
When the case was called. Chap
pei demanded an immediate trial
Police also were ready for trial. But
the prosecution asked delay. A con-
tipuance was granted to March q
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
MISTAKE PROVES FATAL
Machinist Takes Poison by Errori
Dies Before Aid Arrives.

Poison swallowed by mistake for
mouth wash caused the death Sun
day of Edwin NJ Moses, SO. a ma
chinist, 610 South Pennsylvania
street.
Remarking to his wife, Mrs. Rosa
Moses, and a son, Charles F. Moses,
that his throat was sore. Moses
walked from the living home of his
home to another room. where two
bottles of similar appearance, one
containing poison and the other
mouth wash, were kept.
Rushing back to his wife and son.
Moses cried that he had taken the
poison. They called a physician, but
Moses died before his arrival. DR..
E. r. Wilson, deputy coroner, in
vestigated.
Moses had been employed as a
machinist several years by E. c. At
kins & Co., saw manufacturers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
M'NUTT SIGNS
TAX BOOST ON
CHAIN STORES
Governors Approval of
GaIIoWay-CantIey Bill
Is Surprise.

Taxes on the individual stores in
chains of twenty or more are in
creased 900 per cent through the
surprise action of Governor Paul
V. McNutt in signing the Gallo
way-Cantley house bill sharply re-
vising the chain levies. NIcNutt
signed the measure Saturday night.
A pocket veto had been predicted
for the bill, which raises the big
chain taxes from s25 to $3.50, be-
cause the Governor has been re-
ported as feeling a SIS top would
be more equitable.
The measure also increases from
SIS to $40 the tax on six to ten
stores inclusive and boosts from $50
to $50 the tax on eleven to twenty
stores inclusive. The present So tax
on one store and $40 on two to five
stores inclusive were left unchanged. =
Revenue to Be Doubled
Rough estimates by tax board &C
countantS indicates the 1888 amend
ments approximately will double the
revenue received by the state. This
revenue, in 1929, was S35O,000. in
GLIDING taxes paid by filling sta
lions. However, construction of the
law in regard to filling stations is >
in litigation and the 1925, 900 thus
far paid by them are held in es-
crow.
The state won in a suit in Marion
county, but an appeal to the IN
diana supreme court is scheduled.
Since 1881, the chain store tax bill
has been the center of tax contrO-
versy in both houses, and was killed
in that year Another amendatory
measure introduced in the 1882 spe-
cial session also died.
Reno Bill" Is Signed
Among the four other bills the
Governor signed before the dead
line for executive action on legisla-
ton was the so-called Reno bilp'
liberalizing the Indiana divorce
laws.
The measure reduces from two
years to one the residence require
mentS for persons applying for di-
vorceS. Another change of import
ance is the provision allowing a
householder, instead of a freeholder,
to testify to the applicants resi-
dence.
Six bills that were pocket vetoed
by the Governor included the Barry
bill prohibiting sale of prison-made
goods to any one except the state or '
one of its governmental units.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
Quarter Final Games viii
Be Curtain RaiSerS
Wednesday Night.

Quarter-fnal games in The
Times junior roller polo tournament
will be played in Tomlinson hall
Wednesday evening, beginning at
6 o'clock. The games, each of
twenty-five minutes duration, will
procede the regular amateur league
play. Six teams won first -round VIC
tories Saturday and two fives drew
byes into the quarter-hnals
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13

Ruin stalked in Wall Street when the
Knickerbocker Trust Company failed in
1907. But the Moguls. led BY Morgan.
advanced Immediately heroically into
the breach. The story of how the
panic was stemmed is recalled herewith
in the final article Of this series.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
Gone, but Not Forgotten
AUTOMOBILES reported to police AS stole

Automobiles reported to police as stolen
belong to:
Christian j. EngIeking, 237 North Beville
avenue, Buick coach 1885 1927, from
Market street and Monument circle.
James P Mayes, 1894 East Washington
street, Chevrolet coupe, 1896 1927. from
in front of 20 North Oriental street
Ezra Bush, Shelbyville, Ind, Chevrolet
coach, 259-781 1927, from Shelbyville.
Virgil Wray, Cumberland, Ind, Ford
sport coupe. 24-185 49, from Cumberland
Thomas Day. Sc South Taft street, Whip
pet coupe, from 4027 Rockville road.
Inez B. Enfield, 242 North Beville avenue,
Chevrolet sedan, from Michigan and Wal
colt streets.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
CITY MERCHANT DIES;
RITES HELD TODAY
Walter F. Coyner Came to Indian
apolis 80 Years Ago.


Last rites for Walter F. Coyner,
Sc, who died Saturday in his home,
1927 East Tenth street, were to be
held at this afternoon in the
Flanner & Buchanan mortuary, 25
West Fall Creek boulevard. Burial
will be in Memorial Park cemetery.
Mr.. Coyner was born in Frost
burg, Md, and came to this city
thirty years ago. He operated a
dry goods business, at Tenth street
and Beville avenue for twenty-five
years. He was active in religious
and social circles and was one of
the organizers and directors of the
East Tenth Street State bank, nov
a branch of the Fletcher Trust
Company.
He was member of the First
Lutheran church, in which he
served as deacon and other ca
pacities, and a member of Mystic
Tie lodge, No. 1913, F. & A. M,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
BACK HOME AGAIN

Stolen automobiles recovered by police
belong to-
C. Higgins, r. R. 9, Box 282. Chevrolet
roadster found near Harding street and
White river, stripped.
L. H. Patterson, 1920 College avenue,
Peerless coupe, found in front of 2230
Hovey street.
Charles Wilson. 275 Berkley road, Buick
sedan, found in front 316 Minerva street
Ford touring, found at SIG East Market
street.
James P. Mayes, 1884 East Washing
ton street, Chevrolet coupe, found on
state road 90. near Five Points, stripped.
C. Hutchins. 1856 East drive, Woodruff
Place, Oldsmobile sedan, found at Michigan
and Douglas streets.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
CITY BANKS AWAIT SIGNAL
TO REOPEN DOORS TUESDAY,:
STATE RULES ARE DRAFTED
Plans Are Ready for Business Renewal
as Soon as Favorable Word Is
Received on Applications.

Indianapolis bankers today awaiting the signal
from the treasury department authorizing them to reopen
for business Tuesday ending the banking holiday which has
been in effect for two weeks.
Machinery being placed in order for reopenng with
out loss of time the government acts fayoraby
Individual applications for permission reopen filed by
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
Wife of Convict Accuses
City Man of $500 Hoax

by Charles j. Karabell, Judge pro
tenn, and shortly afterward Chap
pei was rearrested. He was unable
to give bond in the latter cases.
Cards placed at KarabelTs dis
posal carried history of several
previous encounters with the law by
Chapel.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
CHURCH WORKER DIES
Mrs. Otto Kingston Will Be
Buried This Afternoon.

Last rites for Mrs. Otto King
stein, So, of 2O65 North New Jersey
street, who died in her home Fri
day, were to be held at 2:45 this
afternoon in the home. Burial was
to be in Washington Park ceme-
terry. Services will be conducted by
the Rev. Frederick R. DIARIES, pastor
of the Zion Evangelical church.
Mrs. Kingston was born in Ger
many and came to indianapolis
with her parents when child. She
was a member Of the Zion church,
the Ladies' Aid and Willing Work
ers' Society.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13

on Tuesday, leaving Washington
after news of the Knickerbocker
failure reached him. He brought
$25,000,000 in government funds
the treasury still had nearly $780,
100000 which could be deposited in
national banks.
The order said:-"You must put
yourself unreservedly in Mr.. Nor
gan's hands" They did. AS they
faced him in his glass-enclosed,
aIcove Office he barked questions
without prelude.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
LIFELONG RESIDENT DIES
Funeral Services Tuesday for Mrs
Anna T. Ford.

Funeral services for Mrs. Anna T.
Ford, Sc, of % East Thirty-third
street. lifelong resident of Indi
annapolis. who died Saturday in St.
Vincent's hospital, will be held at
$3.50 Tuesday in her home and at 8
in the st. Joan of Arc Catholic
church. Burial will be in Holy Gross
cemetery.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
Girl, II, browns in Canal

Mary Patton, II, Negro, 827 Camp
street, drowned herself Saturday in
the canal at st. Clair street.
Ephriam Johnson, Negro, 27, of the
Camp street address, had made a.
futile attempt at rescue.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
James StiIlman

change at the other apex of the
triangle. Keene-"the calmest
man in Wall Street. that day
supported the market with orders
given his three secretaries in his
little Office on the fifth floor of
80 Broad street.
And in his own office Morgan,
rising 70 and at the peak of his
power, modified the wealth of
New York, in bank and out, to be
pledged with the government for
currency to withstand the bank
runs.
About the grim old f1nancier
and filing past his desk as if they
were mere clerks and not the
money masters of their time,
Rockefeller, Ryan, Hartman,
Prick, Gary, Vanderbilt pooled
their securities in a common fund.
MORGAN ruled by right of
1V1 personal force throughout
the crowded day as lines length
ened outside the Trust Company
of America, the Lincoln Trust
Trust, the Morton Trust; as the
gigantic Westinghouse combine
failed in Pittsburgh for $60,OOO,-
600, closing the Pittsburgh ex-
change; as call money went to
125 per cent at the lending post
and dozens of houses faced sus-
pension.
The Knickerbocker Trust had
gone; but the other large trust
companies must be preserved.
Morgan and the National bank
ers didn't like the trust COM
panies, but if they succunbed no
one could foresee the effect on the
conservative banks.
Cortelyou had arrived at 9 p. m.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
INSTALLATION Is HELD
New Officers of Church Club Take
Over Duties,

Installation services were held
Sunday for officers of the Mems
Brotherhood of the Roberts Park
Methodist church, by the Rev. Will
liam Edward Bell, pastor.
New officers are M. A. Clapper.
president; Otis Kirkpatrick, vice
president; Ralph A. Fenimore, sec
rotary, and Herbert w. Lacy, treas
urer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
50-YEAR RESIDENT OF
CITY DIES AT HOME
Mrs. Christian Twente, 78, to Be
Laid to Rest Wednesday.

Laid to Rest wednesday.
Following an illness of three
months, Mrs. Christian Twente, Is,
native of Germany and resident
of indianapolis fifty years, died
Sunday in her home, $500 Lowell
avenue.
Funeral services will be held at 2
Wednesday in the Flanner e. Buch-
anan mortuary, 25 West Fall Greek
boulevard. Burial will be in Crown
Hill cemetery.
Mrs. Twente was a member of the
New Jersey Street M. E. church. She
came to this country sixty-one years
ago from Germany.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-13
BY FORREST DAVIS
Times staff Writer


NEW YORK, March 13.-The
4 storm centered at Broad and
Wall streets on the crucial
Wednesday in panic week, 1907.
So dense were the crowds, massed
on subtreasury steps, two rivers
of sullen men meeting at the in
tersection, that a horse-drawn
equipage scarcely could be forced
through.
But shortly before 9, gray cob,
drawing a shiny coupe, advanced
confidently from Broadway and
deposited a single passenger, who,
looking neither to right or left at
the mob. strobe into his banking
house. The crowd, shrinking back,
fell silent.
There went Morgan - massive,
truculent, a huge cigar jutting
from under the high crowned,
familiar derby.
j. Pierpont Morgan called 10
the throne of finance; made mas
ter of more millions than ever e.
human being controlled before;
with the wealthiest of the country
as his vassals; with financiers of
international reputation as his
aids and the great United States
treasury as his almoney." Morgan,
men said, would save the banks.
Two others advanced into the
stricken, confused financial center
that morning. With Morgan, they
would bear the heat of the day;
would wage aggressive war on the
forces Of confusion-and win.
Arriving singly also came George
B. Cortelyou, youthful secretary of
the treasury, and James r. Keene,
the grizzled, profane, dyspeptic
cougar of Wall Street"
THROUGHOUT that critical
Il Wednesday these three stood
with their backs, figuratively, to
the wall, the credit structure of a
powerful country as their stake.
The melodrama ran its course,
climax succeeding to climax, and
at three desks, separated in space,
Morgan, Cortelyou, and Keene
fought to save the banks and the
stock market from ruin.
They we're stationed at three
points of a triangle at Broad and
Wall streets. The secretary of the
treasury, aloof, never touching
pencil to paper, sat in an old-fash-
Toned leather armchair in a room
at the subtreasury overlooking the
milling, hysterical crowd and the
Morgan banking house.
Keene, engaged by Morgan to
"save the market" from disorder
ly rout, dominated the stock ex-