davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-08-29

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The Washington times., 1933-08-29
EAGLES BOOKING

The Annacostia Eagles desire
games. Phone Atlantic 3679-W,
after 4:30.
The Washington times., 1933-08-29
LIDO NINE WINS TROPHY

Buy in September and Buy American
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
LEHMAN IS GIVEN
CzAR|ST|C POWERS
Governor of New York Plans
Issuance of State Scrip
in Emergency.
BY the Associated Press.

NEW YORK, March Gov. Herbert
H. Lehman, clothed with unprecedented
dictatorial power over the gigantic
banking system of New York State
moved swiftly today to provide the
people with scrip.
No sooner had the Legislature at Al
bany handed him czaristic sway over
banks and insurance companies in q
dramatic session after midnight than
he let it be known he had a plan for
temporary medium Of exchange.
Approved by Treasury.
The plan, to be submitted quickly, to
the Legislature, calls for a new corpora
ton for the issuance of certificate
currency against the assets of sound
banks. It has been approved by the
Treasury Department at Washington.
The Governor, from his home here
sent a message to the Legislature, say
ing clearing house certificates were not
sufficient to meet the crisis.
The three bills passed at Albany
early today, in rush Of bipartisan
cooperation, give the Governor supreme
power to supersede all present laws
governing banking or insurance and new
power to the banking superintendent
Joseph A. Broderick, and the insurance
superintendent, George S. Van Schaik
Asked for Authority.
The bills, signed today. give Brod.
erick. with the approval of two.
thirds of the Banking Board, power tt
revoke. revise or suspend any banking
regulation, or order any method Of
CONTINUED on Page 2, Column 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
ROOSEVELT SILENT
ON GENESIS OF PLAN
One Report Says Hoover Refused
to Sign Mills Proc
lamation.
BY the Associated Press.

BY the Associated Press.
The genesis of the method by which
the banking situation is being handled,
especially the presidential proclamation
of holiday. was a subject Of discussion
today in Washington. with the principals
here declining comment.
One published version was that Ogden
Mills as Treasury Secretary, had re-
Gently drawn such q proclamation for
President Hoover to sign, but that he
refused.
Another account, given in Roosevelt
circles was that Mr.. Roosevelt himself
located the law under which he made
the proclamation. 1t Is known that he
discussed similar procedure with visit
ors at Warm Springs some weeks ago.
Former Secretary Mills declined to
discuss what has happened Of late.
It was said at the White House, too,
that President Roosevelt declined abso-
lutely to comment on anything Mr..
Hoover or Mr.. Mills did or did not do
in the closing days Of the Republican
Dissatisfaction
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07

Bank Regulations
Empowered to Pay Out
Trust Fund Deposits
Without Restriction.
BY the Associated Press.

BY the Associated Press.
Under regulations issued by Secre-
tary Woodin, banks are permitted to
exercise the following functions:
/. Handle drafts or other docu-
ments in connection with shipment,
transportation or delivery Of food or
feed products.
2. Accept payments on account Of
or in settlement Of obligations due
it by its customers.
3. Make change.
4. Allow customers free access to
safety deposit boxes.
S. Cash checks drawn on the
Treasurer Of the United States, on
the condition that no gold or gold
certificates be paid out.
New Deposits Unrestricted.
6. Return without restriction all
cash, checks and other items dehv-
cred for deposit or collection after
the last closing Of business hours
and which have not been entered on
the banks books.
7. Pay out without restriction new
deposits made in special trust fund
accounts" on the condition that no
gold shall be paid out.
8. Complete settlement for checks
charged to accounts on or before
March 4, provided the completion
does not involve payment Of money
or currency.
9. Return to customers documents
and securities held for safe-keeping.
10. Exercise usual banking func-
tons to provide for absolutely neces-
sary needs of communities for food,
medicine, relief of distress. pay rolls
and expenditures to maintain en-
ployment.
Scrip Authorized Conditionally.
II. Deposit collateral in the
United States to secure advances to
branches in foreign countries.
II. Clearing House Associations
ccnditionally authorized to issue
certificates against sound assets Of
banking institutions. but not before
Friday. Authorization revokable at
discretion of Secretary of the Treas
ury.
Is. Banks authorized to continue
to act as trustee, executor, admin
istrator and ether estates functions,
provided no currency or coin Is paid
out.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
CANADATO ACCEPT
DOLLARS FOR DUTY
Gesture Is Seen as Friendly At
titude of Bennett to Roose-
welt Advances.
Special Dispatch to The Star.

Special Dispatch to The Star.
OTTAWA, Canada, March THE
first gesture in 90 months toward a re-
duction in Canada's tariff rates against
American goods was made by E. B.
Ryckman, minister of national revenue,
when he announced last night that dur
ing the American banking holiday the
dollar would be accepted here for Gus
toms purposes at par.
This gesture is regarded in parlia-
mentary circles as significant OF the
friendly attitude of Premier Richard s.
Bennett toward President Roosevelt
overtures for a reciprocal trade treaty
No exchange quotations on the
American dollar were available here as
a result of the bank holiday. Many COL
lectors of customs telegraphed Ottawa
for instructions. Revenue officials OBJ
tanned quotation from an Ottawa pank
representing rs per cent premium on
American money-a distress quotation
fixed to protect the bank from all pos
sible loss.
Accepting this as a reasonable ex'
change rate, the revenue officials ad-
vtsed the customs collectors accord
ingly. Whether the instructions were tt
compel payment for American goods or
the basis of SIPS Canadian money fol
81 American, to value all imports fol
duty purposes on such basis, Is moi
clear, for the instructions were can
celed within few hours.
Complaints reached the Government,
late in the afternoon, and it was decided
to accept the American dollar at pal
during the banking holiday and revert
to the old order at whatever exchange
rate might be in effect when American
financial houses resumed operations Fri
day.
Copyright, 1889
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
Bank Situation at a Glance

The national banking today banks being permitted to
for deposits
Secretary woon believes will not be necessary to extend
the Thursday. a..
Banks are permitted change gold gold cer
given out
to safey deposit boxes Is permitted
New Lehman set up corporation fo
ssuan of
New York clearing await washington approval before
moving o -
YorkS l closed until further notice"
hgrainm market at close beginning tomorrow 1890
Whatever acuon seems
sary" to Presidents holiday proclamation
Washington pledges
action restore banking and economic stability
opinion Presidents proclamation super
Governors
States extend bank holiday
to make1t Federal holiday.
holiday
asking there 15o
stranded"
electricity
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
zANGARA TO FACE
COURT THURSDAY
Murder Case Is Delayed to
Give Lawyers Time to
Prepare Defense.
BY the Associated Press.

BY the Associated Press.
MIAMI, Fla, March 7-Arraign-
ment Of Giuseppe Zangara on charges
of the murder of Mayor Anton J. Ger
max of Chicago was set for am
Thursday.
The date was set by Circuit Judge
Uly o. Thompson on agreement Of at
torneys soon after Zangara was led into
the court room by officers. He wore a
figured yellow shirt and the same sport
trousers and shoes he wore on his last
appearance in court. when he was SEN
fenced to 80 years in prison for shoot
ing at President Roosevelt last Feb
ruary IS and the wounding Of three
other persons.
He bowed and smiled at his attorneys,
Lewis M. Twyman, j. M. McCaskeu and
Albert E. Raia, who were again appoint
ed by the court to defend him.
All in Room Searched.
Before Zangara was brought into the
court room. furry Of excitement was
caused when deputies searched all in
the room for weapons.
States Attorney N. Vernon Hawthorne
asked that arraignment be made i'm
mediately on grounds the State was
ready to proceed with the trial.
We appreciate that this whole az
fair has caused international attention
because of newspaper publicity" Tey-
man said, but in order that there may
be no possibility of error we ask that
the time of pleading be set for Thurs
day"
He gave no indication of the plea
that Zangara may make.
The State is, Of course. willing to
wait a short time for counsel to pre-
pare itself. but we wish to repeat our
readiness to go to trial at once" Haw-
thorne said.
Given Copies Of Charges.
Judge Thompson announced he
would be ready to hear any motions
from attorneys on Thursday and or
dered Zangara to be taken back to jail
He ordered the spectators to remain
in their seats until Zangara had beer
taken to the elevator leading to the
jail.
Twyman said before the recess that
CONTINUED on Page 2, Column 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
Indianan Was En- Route on
Cruise to Mediterranean.
Retired Saturday.
SUCCESSOR is INFORMED
BY SECRETARY OF DEATH
Former Chairman of Appropriations
Committee Bid Good-By to As
sociates in Leaving.

BY the Associated Press.
NEW YORK, March Twin Robert
Wood, Oldest Republican member of the
House of Representatives when he re-
tired Saturday at the close of the lame
duck session. died today at the home
of Michael J. Meehan. He was ~
years old.
Mr. Wood, whose home was in La
fayette, Ind, had been staying at the
Meehan home until time for him to
leave at 4 o'clock this afternoon on q
Mediterranean cruise.
The former Representative arrived
here last night from Washington. About
9 o'clock this morning he was shaving at
the Meehan home when he began to
feel i'll. He went back to bed and be-
fore medical aid could be summoned,
he was dead.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
POCKET VETO TEST.
SOUGHT BY LEADERS.
Farm Aid Advocates Urge
Roosevelt to Sign Bill
Left by Hoover.
BY the Associated Press.

BY the Associated Press.
President Roosevelt was urged today
by congressional Democratic farm lead
ers to take an unprecedented action
and sign the Smith cotton bill which
President Hoover refused to sign in the
closing hours
The President took under advisement
the plea and called IN his Attorney
General to give it consideration. A
point Of constitutional law is involved
on the right Of an incoming President
to sign legislation passed by a now
dead session of Congress.
Ten Days Allowed.
The farm leaders pointed out that
the Constitution allows 10 days after
the close Of a session of Congress for a
President to sign legislation.
The Smith bill would withhold from
the market the approximate 100000
bales Of cotton now held by Govern
ment agencies under the Sterilization
program.
This cotton would be turned over to
cotton growers who would agree to cut
down their production this year by the
same amount of cotton they would take
over from the Government pool.
Senator Smith of South Carolina. the
next chairman Of the Agriculture Com
mittee and author of the bill. headed
the delegation calling on Mr.. Roosevelt
The group also included Senator
Byrnes Of South Carolina. Chairman
Jones of the House Agriculture Com
mittee, Chairman Pou of the House
Rules Committee and Representatives
Cox and Wood of Georgia.
The argument by the group was that
the constitutional provision allowing II
days after a session for President to
sign a bill applies to the office o.
President and not to the individual
President.
u. S. Corporation Suggested.
Steagall, author of a guarantee bank
deposit bill passed by the House, out
blocked in the Senate, suggested the
creation of $1,000, 900, 900 Government
corporation to back deposits and super
wise the banks.
Chairman Pou of the House Rule:
Committee told newspaper men that II
the President bad a program for deal
ing with the banking situation ready by
Thursday, that it would almost GER
tainly 60 through the House without
hitch"
The veteran North Carolina Demo
crat, now dean of the House, said In
the executives Offices of the White
House that I'VE are going to do what
the President wants done"
1T Is an emergency situation" he
said, land We have confidence in Mr.
Roosevelt. He has mandate from the
country to handle this emergency and
II I know the sentiment of the House
he will have strong support from both
sides for any program to deal with this
financial emergency that he may lay
down."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
CABINET CONVENES
THIS AFTERNOON
President Roosevelt Tentatively
Fixes 2 O'Clock as Hour
for Sessions.

President Roosevelt was to meet with
his cabinet at o'clock this afternoon
in the cabinet room at the White House.
This will be the first Of the regular BIZ
weekly cabinet sessions, although ne
gave the hour as three hours later than
the custom during the past few admin
istrations
Announcing this at the White House
today, 1t was said that the President
has not definitely determined upon the
2 o'clock hour for his cabinet meetings
but for the present he will follow such
q schedule.
While this session Of the cabinet
will serve as the first regular one
of the new administration. the Presi-
dent has already had two meetings
one late Inauguration day and the
other Sunday afternoon, which meet
ings we're prompted by the banking
crisis.
President Roosevelt has not yet
reached a decision regarding the hold
ing of press conferences. 1t Is under
stood, however, that he hopes to meet
the newspaper men for a. conference
during the forenoon tomorrow and
if possible, to hold regular bi-weekiy
conferences thereafter. one on Wed
nesday and one on Friday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
Is Regulations Issued in Ef-
fort to Restore MuddIed
Situation.
WITHDRAWAL OF THIRD
OF DEPOSITS CONSIDERED
Roosevelt, Secretary and Other
Leaders Continue Conferences
on Financial Crisis.
BY the Associated Press.

BY the Associated Press.
The Treasury today authorized q
guarded reopening of the Nations
banks and the issuance not before Fri
day of Clearing House certificates, OF
scrip, to be used in place of money.
Reopening of the banks will permit
the flow of currency for meeting essen
tial needs of business and citizens.
The scrip would be based on Sound
assets of Clearing House or similar as
sociations and would be pro-rated
among creditors or depositors. A con-
dition to the regulation made it re-
yocable, if found inconsistent with a
broader plan now being considered, but
so far undisclosed.
The bank reopening was made ef-
fective Immediately and banks IN many
States hastened to take advantage OF 1t.
Conferences Held.
At the Treasury, the White House
and on Capitol Hill conferences, partic1-
pated in by President Roosevelt, Secre-
tary Woodin and numerous congress
sional and financial leaders, went for
ward in the effort to bring an orderly
passage out of the muddled economic
situation.
In some quarters another banking
regulation was expected which would
permit depositors to withdraw one-thlrd
Of their deposits.
Secretary's Orders.
rr, sa 80 +bo Cocratar wv u,era iS-
sued in four regulations announced TO-
day They were:
ANY national or State banking in
stitution may exercise its usual banking
functions to such extent as the Situa-
ton shall permit and as shall be abso-
lutely necessary to meet the needs OF
its community for food, medicine, other
necessities of life, for the relief OF dis
stress, for the payment OF usual salaries
and wages, for necessary current ex-
penditures, for the purpose OF main
tanning employment and for other SINH
lar essential purposes; provided, how
ever, that:
I'D Every precaution shall be taken
to prevent boarding or the unnecessary
withdrawal of currency;
"(2) No State banking institution
shall engage in any transaction under
this regulation which is in violation of
State or Federal law or any regulation
issued Hereunder
"(3) No national banking association
shall engage in any transaction under
this section which is in violation of any
Federal law or of any order or regula-
ton issued by the controller of the cur
rency. and
80 No gold or gold certificates shall
be paid out. Each banking institution
and its directors and officers will be
held strictly accountable for faithful
compliance with the spirit and purpose
as well as the letter of this regulation"
The second order issued was:
ANY banking institution may deliver
to the person emitted thereto properly
identified documents and securities held
by such institution for safekeeping.'
The third regulation was:
Where settlement for checks charged
BY drawee institutions to the drawers
account on its books on or before
Continued on Page 2, Column -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
Hoarders Rush Gold
Back to Bank Vaults
For Deposit in Trust
BY the Associated Press.


NEW YORK, March THE
Irving Trust Co. announced that
persons who have been boarding
gold were bringing it into the
bank today for deposit under the
trust fund regulations issued by
the Secretary Of the Treasury.
r. H. Elmendorf, assistant vice
president Of the bank. said the
hoarders appeared eager to get
their gold into the vaults Of the
bank.
He pointed out that the de-
positors of the boarded gold will
not be able to get it back under
the present regulations. but will
be permitted to withdraw an
equivalent amount in currency.
We'll take all the gold they'll
offer u.s." Elmendorf said. He
did not disclose the amount that
had been deposited.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
Limited Business Is Being
Tranacted Here Upon
Woodin's Regulations.
u. S. TREASURY CHECKS
ACCEPTED FOR CASTING
Safe Deposit Departments Operat'
ing, Change Is Made and
Payments Received.

The Clearing House Committee Of
the Washington Clearing House
Association announced shortly after
noon today that a meeting Of its
association would be held tonight for
the purpose of considering the regu-
htions issued by the Secretary of
the Treasury during the day and
adopting plans for the observance
Of local banks.
Following the Issuance by Secretary
Woodin of further regulations authoriz-
ing National and State banks to release
cash for the payment Of medical sup
plies. emergency relief and the meeting
Of pay rolls, the Executive Committee
Of the Washington Clearing House As
ISOLATION went into session early this
afternoon to consider what application
Of these regulations may be taken by
the local banks, pending the issuance
Of scrip.
In the meantime. all the local banks
were open under the regulations issued
by the Treasury Department late yes
permitted to pay out any money. pend
ing instructions from the Clearing House
Association which will permit all banks
to act in concerted manner.
Would Be Useable Elsewhere.
The mechanics of hendling scrip in
the banks Is highly involved and can
not be set up in a day. 1t was stated
today that the scrip adopted here will
not only. be accepted in Washington
but In a reasonable territory outside.
In other words, Washington Clearing
House scrip would be good in Baltimore
and Baltimore scrip negotiable IN
Washington.
Bankers reported today that the bank
holiday on checking accounts IS prov
ing Of tremendous benefit to the book
keeping departments. The banks here
had become completely swamped with
checks from all corners Of the United
States that could not be collected.
Checks put through the clearing
house for collection from some out-of-
town point would be held up by the
time they reached the banks on which
they were drawn because Of a bank
holiday. That meant that thousands
and thousands Of such checks had to
Such checks had to be charged back
to the account of the depositor and
the depositor notified Of their status
and the suggestion made that some
other method Of settlement might be
adopted.
Brought to Climax.
The Maryland holiday brought this
situation to a climax after Michigan
and other States had already placed a
CONTINUED on Page 4, Column 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07

BY the Associated Press.
NEW YORK, March THE present
situation may prove to be the low point
of the depression, in the opinion Of A.
D. Whiteside, head Of the Dun &
Bradstreet Mercantile Agency.
1.-THE American people may con-
fidently rely upon the intelligence and
determination Of the American bust
ness man to carry on and to progress
from this point" said Whiteside's
statement.
The United States now has, he as
serted, a strong commercial credit posi-
ton, nucleus of thousands Of sound
banks around which to build AN i'm
pregnable banking system" and . new
National aduip1 ra6ionr spo1ttaooA1
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
PRESENT CRISIS IS LOWEST POINT,
DUN AND BRADSTREET BELIEVES
Whteside Cites Financial and Political Nucleus Around
Which to Rally.

solidified, which takes Office with the
Endorsement of q larger number Of
people than any previous administra-
ton has ever received"
with these favorable factors as a
foundation, q permanently strong
economic structure may be reasonably
assured"
Whiteside said the present situation
justifies broad, liberal credit policies. u
The constructive course "is for present
creditors to ship merchandise to the
customers who have been and continue
to be in good credit, even though handi-
capped at the moment.
by following that course, distributors
will enable their customers to re-
establish their liquid position through
the conversion of merchandise on hand
and new shipments into accounts re-
csiyable and consequently into casht
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
K|DNAP
SUSPECTS CAUGHT
Two Alleged Members oil
Gang ArreSted-IsoIated
Hide.0ut Found.
BY the Associated Press.

BY the Associated Press.
DENVER, Colo, March Two al
legged members of the gang that kid
naped Charles Boettcher I'd, wealthy
young broker for 100000 ransom, are
behind jail bars. Chief of Police A. T.
Clark announced today, and two other
men who helped stage the abduction
are known and their arrests are ex-
pected soon.
Chief Of Police A. T. Clark said the
kidnapers' rendezvous, where Boettcher
was held more than two weeks, had
been located in the hills near Mitchell
s. Oak.
The identity of the two men held is
being closely guarded. One of them has
been in jail in Denver since Saturday
night. The other was arrested when
officers swooped down on the hide out
in South Dakota yesterday morning.
Three Women In Jail.
Three women and a man said to be
friends of the alleged kidnapers also
are in the Denver Jail for investigation
in connection with the abduction. The
names were not made public. Their
connection with the case was not ex-
'plained.
Police expressed the belief that the
man arrested here wrote all the notes
sent to the Boettcher family during the
negotiations for the brokers' release.
The typewriter on which they were
alleged to have been written Is in pos
session Of the police.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
YOUTHS GIVEN LIFE
"Picture-Wire Bandits" to Serve
Four Concurrent Terms.

ST. LOUIS, March R.-Ralph
Jarboe. Is, and Harold Urban, IT, pic
ture wire bandits,@ who committed six
robberies here on successive nights. kill
ing q colored man in one Of the hold
ups, yesterday were sentenced to -four
concurrent terms Of life Imprisonment
after they pleaded guilty of charges OF
murder and robbery.
The youths, who said they came here
from Toledo, Ohio, were identified as
the robbers who committed seven hold
ups in Indianapolis before coming to
st. Louis. In each of their robberies
here they bound their victims with pic
ture wire.