Evening star., 1933-03-06

The spirit in which the bank holi-
day is being met throughout the
! country Is shown in the following
dispatches. assembled by The Star
and the North American Newspaper
i Alliance
NEW YORK. March (N.AN.A).-
| New York has bowed to the edict Of q
bank holiday with a friendly acquies-
cence that surpassed the hopes Of the
most optimistic.
| Despite the forebodings of managers
of restaurants and places Of entertain
ment. no one walking along Broadway
would realize that eery bank in the
State Is closed There Is money, and
plenty Of it, and it is being spent with
the same nonchalance as that Of the
normal Sunday night throng. composed
| mostly of men and women who work
hard during the week.
The restaurants catering to the man
| ON the street, who spends perhaps $2.5O
once week for supper for twb. with
| dancing and a floor show thrown in,
have the usual patronage. On Satur-
day night they were jammed.
Crowds Thronx Movies.
! Every theater offering a good movie in
the Times Square district did as much
business as usual and an audit showed
phenomenal Saturday receipts. There
is no trouble in changing large bills at
the box Offices. and while one manage
ment with two great theaters offered
| to take checks on New York banks in
payment for tickets, not one was offered
| during the day.
Thunderous applause greeted the news
reels showing President Roosevelt max
, ing his inaugural address.
Night club managers. while maintain
| ing gay air. would not predict what
| would come after midnight, but insisted
the nights receipts were good. The
| problem OF checks, particularly those
| involving additional cash, troubled them,
| and it was expected they would function
on cash basis.
The problem of change for large
bills Is considerable. The smaller cigar
stores and neighborhood shops in most
cases decline to change a IS bill unless
the purchase is of considerable size,
and anything above $40 is out Of the
question. Pennies, usually frowned
upon in large numbers, are welcomed
by a well, it's money"
Checks Practically Worthless
Checks are practically worthless. At
hotels or stores, old patrons may Sc
cure IS or $40, If fortunate, but the
attitude Of a cashier Is that of one re-
ceiving an I. o. U.
Women with accounts at stores or
dered their fOodStuffS in larger amounts
than usual The small merchant, fear
ing to lose an account, saw his stock
running low, and no cash coming in
with which to pay the wholesaler
There was SurceaSe for those in bet
ter circumstances when the depart
ment stores opened today. Large ad-
vertisements, sponsored by nearly all
prominent New York department stores,
| urged all customers to come and trade
lavishly, and charge everything. Their
attitude is the one concrete evidence
of the value of credit, and theirs will
be the harvest If bills are paid.
Meanwhile, there Is no confusion
There Is evident a certain brotherhood
that New York has not seen since the
| war Every one is in the same boat,
and willing to help another. Mingled
with a lifting what's the use Of worry
ing?" thoughts turn to when the banks
Mll-or will not-open.
California.
Los ANGELES, March 6.-Having
endured with cheerful fortitude the
three-day bank holiday first decreed
for California by Gov. Rolph, this city
awaits with optimism the future devel-
opments of the situation, with news Of
the extension of the holiday until
Thursday.
plans pending for the issuance OF
| scrip by the Los Angeles Clearing House
Association have the widespread in
dorsement of merchants and manu-
| facturers indicating the belief that this
method will be chief factor In keeping
business and employment on an even
keel. Scrip issuance Is contingent on
: State legislative action on banking
affairs. but there Is q general feeling
! Of confidence that it will be an affec-
tive way of coping with the emer-
gency.
! There is no lack OF confidence in
Los Angeles banking institutions and
the sentiment generally is that on the
steps taken and contemplated will come
q materially improved condition in
i business throughout the State. The
appearance of principal business dis
tricts over the week end indicated bust
cashing of checks whenever possible
are sustaining the spirit of courage and
hopefulnesS.
f; Georgia.
| ATLANTA. March 6.-For the most
part bank patrons in Georgia are ac-
cepting the holiday philosophically
One couple who. in anticipation of the
holiday, had Withdrawn $1,000 in cur
rency from an Atlanta bank, put il
back the next morning. before the Gov
ernor's moratorium proclamation was
issued. The banks were scheduled to
reopen tomorrow. but yesterday Gov
Talmadge extended the holiday to run
through Thursday.
Kentucky.
| LOUISVILLE, March 6.-Although
business has been slowed down appre-
ciably by the sank holiday. the people
take the situation calmly. March ! q
: few employers issued pay checks tha