davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-08

f1icted the country in 1907 had
neither lasted so long nor reached
the depths of the present one.
And in the earlier year Wall
Street, dominated by the sturdy
figures of Morgan, Hartman, the
elder George F. Baker, the soft
spoken first James S. Stillman
John D. Rockefeller Sr. and the
Standard Oil oligarchs, exhibited q
surefooted boIdness in grasping lead
ership that is unmatched today.
The sway Of Morgan and his as
sociates was absolute, They were
Titians amongst their contempora-
ries.
Moreover, the device of a bank
holiday was not applied in 1907. The
banks were required in those indl-
vidualistic times to stand up and
take it. with whatever help the for
midable Morgan and the United
States treasury we're able to pump
into their vaults.
They were forced to Withstand
runs for days on end. The weaker
fell: the more liquid, or better man
aged, paid out staggering sums.
DERHAPS the most striking like
L ness between 1907 and now lies
in the prompt recourse to clearing
house certificates.
The Knickerbocker Trust Co., a
favored depository of wealthy wom-
en-, collapsed suddenly on Tuesday
Oct. %, The night before its di-
directors wrestled with the problem
of fortifying their vaults in an up
per room at SherryS.
Morgan and a committee of bank
ers tarried in another room, re-
ceiving advices and transmitted
counsel to the haraSsed directors.
Unfortunately for the Knicker-
booker, the choice of a conference
place advertised its difficulties. The
Day and Night bank, a forgotten
institution serving the needs of
theater, cafe, and lobster palace in
that period, caShed numerous
checks drawn on the KnickerbOcker
that night and next morning it had
a messenger, a portfolio of checks
chained to his wrist, among the
frightened lineup at the bronze
doors Of the trust company.
That was Tuesday. BY Friday the
clearing house had authorized SILL
02S nm in Oartif1potnc
Confidence returned over the
weekend and on Tuesday morning
the New York World could report a
reversal.
The money panic, as distinguished
from the stock market crisis and
industrial depression, had been con-
fined within the limits of one week.
The remedial measures set in mo-
ton by Morgan-aloofy arbitrary
in his banking house by day, the
library by highland the clearing
house certificates suppressed panic
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-08
BOY is HELD AS THIEF

in instruments for So.
A 15-year-old Negro boy was ar
rested by detectives today after they
had traced him from a pawn shop
where a violin and a trumpet valued
at Sl25 had been pledged for IS.
The 1iolin was stolen from Rich
ard Tale, 626 West Tenth street. a
student at Crispus Attacks high
school. The trumpet, property of
Leroy Torain, 1880 Martindale ave-
nue., also was taken from the school.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-08

and preserved the credit structure
in 1907.
If similar action holds the same
potency now, the money stringency
would be over by the end of this
week.
INCIDENTALLY, although certifi-
L Gates have been resorted to seven
times previously, never before has
the eXpedient borne presidential
sanction and hence been applied
nationally.
The practice was initiated by
New York banks in 1860, immedi-
ately after Abraham Lincoln's first
election to the presidency. The GER
tainty Of war between the sections
created a wave of apprehension.
Citizens, subjected to the mass
emotion which gripped the coun-
try last week, abruptly showed a
preference for their deposited money
over bank balances or checks.
The phenomenon, since grown
familiar to every generation, swiftly
0vertaXed the banks hand to hand
money reserves. So they created
their own currency.
That happened three years later,
and in 1873, in 1884, in 1890, in
1899 and, as we have seen,
in 1907. With the erection of the
federal reserve system in 1907 it's
advocates were positive that the
need for clearing house currency
never would occur again.
1t mistakenly was believed that
the federal reserves elastic note
issuing provisions would cover any
sudden popular demand for legal
tender.
All in all, the New York Clearing
House Association issued SOL 100000
in certificates during the interval
between Oct. rs and the date of
final redemption, March %, 1903.
On one day, Dec 16, the total in
circulation reached $88,420,00O. That
was the high point.
n
TINE maximum sum of such
L money throughout the country
Chicago, Philadelphia, Boston and
other large cities having followed
New York-reaChed $3.50, 100000 dur
ing the troubled weeks.
SO, in the panic week of 1907 the
spontaneous boarding movement
swiftly was dissipated.
The menacing lines of depositors
vanished from bank entrances, Cor
telyou returned to Washington, and
Morgan gave up his library ses-
sions
Presently the banks were back on
IN even keel and the country had
forgotten its alarm.
Next: Forrest Davis will review
the causes of 1907's panic week
again seeking precedents for the
present situation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-08
NATION TO Get
CURRENCY;DRO
PLAN FOR SCRIP
WOOdin Announces System
for Relief in Banks
Emergency.
Continued From Page one)

when business was heavy. Then as
they turn back the money with the
shrinkage Of commercial transac-
tons the currency is allowed to con-
tract.
That is a rough illustration and
The actual process is infinitely more
complicated.
officials are determined through
out to prevent payment of gold or
gold certificates.
Behind the sudden decision to
abandon scrip lie three major con-
Siderations
l. Local scrip would be Of such
variety as TO cause vast confusion
IN actual business transactions.
Z II would amount to a form Of
printing press money.
3. Banks still are boarding huge
sums of cash or assets which NAV
be converted into cash through the
federal reserve system.
Pay Roll Funds Affected
Developments of the day included:
l. a flow of pay roll funds into
the hands Of workers began under
regulations issued by the treasury
department.
?. Plans for statewide scrip in
New York and other states we're
rushed through, pending the posi-
bility of creating a national emer-
gency currency. Former Governor
Alfred E. Smith of New York was
appointed head of a corporation to
manage the scrip issue in his state.
3. Further confidence was marked
upon indication that President
Roosevelt would ask congress
Thursday to put limited federal
guarantee back of all bank depos-
its.
4. Congressional action confirming
the embargo on gold was expected
to be the first act of the new con-
greSS.
HOarders to Be Penalized
S. Penalizing of gold hoarders.
through tax9tion or other drastic
measures, was in prospect. Names
Of large holders of gold were known
to authorities.
6. Food and commodity prices,
fluctuating widely, showed a ten
dency upward.
7. Savings banks and institutions
holding thrift funds" planned to
invoke the day and 30-day re-
strictions on Withdrawals permitted
them by law, upon resumption OF
general banking.
8. Federal revenue agencies an
nounced they would receive checks
in payment of income taxes but
that if these checks we're not col
lected within a reasonable time, the
signer would be called upon to make
good the amount.
WOodin's statements clearly indi-
Gated that the Roosevelt adminiStra-
ton is definitely, once and for all,
pledged to the program laid down in
President RooseVeIt'S inaugural ad-
dress, when he said There must be
a sound, but adequate currency"
One of the major questions still
left undecided was whether reSump-
ton of checking privileges would
be permitted against old accounts.
New accounts accepted since the
holiday began are subject, so far
as the federal government is con-
cerned, to full checking privileges.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-08
CERTIFICATES
AIDED BANKS IN
FORMER CRISES
First Use on Wide Scale
Was in Period Before
Civil War.

This is the second Of three stories on
what people have used for money in
times Of bank trouble.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-08

made to prevent loss of policies due
to the stringency Of banking coudi-
tons.
How to met pay rolls Saturday
remained an enigma today with
most business firms.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-08

and preserved the credit structure
in 1907.
If similar action holds the same
potency now, the money stringency
would be over by the end of this
week.
The Washington times., 1933-03-28

to go to Whites" said sharli
in a low tone.
She and Eddie had often
driven past Whites big road.
house on the River Road. They
had always slowed up to look
over the white brick fence at
the Japanese lanterns that
glowed with light in the win
dows and among the dark trees
on the courtyard. But they
never had had the courage to
drive in. Whites was eXpen-
Sive.
you look wonderful" Dean
said to her, giving her a quick
look from the corner of his
eye. You're the kind that
looks like a fashion picture in
anything"
Sharlie knew that wasn't true.
She knew her clothes were
shabby compared with Marjorie
Milliken's cleaning black dress
and tiny satin hat.
What do you think of Mar
jorie? Isn't she a wow?" Dean
asked next.
"She's beautiful" said Shar-
lie.
Lot of fun, too," the man
went on. "Everybody's crazy
about her. She has couple
of dozen old boys hanging
around her flat all the time,
just breaking their necks to be
nice to her-and all because
she's such good company. Wait
The Washington times., 1933-03-28
-. q -

she wore no rouge and her face
was so thickly powdered that it
looked as if it had been sculp-
tured out of white marble.
She had a silver mesh bag in
her hand and Sharlie caught
the white glitter of a diamond
on one of her fingers.
"She looks. terrible expensive
to be coming out of that build
ing" thought Sharlie, watching
her come across the sidewalk.
Miss Barnum, Miss Marjorie
Milliken." said AL Green, intro
ducing them.
On A "Rear Party
The girl came up to the side
of the car and shook hands,
first with Sharlie and then with
Caldwell Dean.
Hello, Caddy," she said in
a low husky voice. She smelled
of cigarettes and gardenia per-
fume. What are we all going
to do?. I passed up a date with
a million dollars to come out
with you tonight. So let's make
it real evening"
Sharlie knew that Miss Milli-
ken's idea of a real" evening
would not be Joyland and it's
simple pleasures.
How about Whites place."
asked Miss Milliken, opening
her mesh bag. by the way,
The Washington times., 1933-03-28
"SHARLIE"
CONTINUED from Magazine Paee) |

VSOHGtHUS0 from magazine rage
tell these people my own name.
Maybe I ought to do it now."
She was still debating with
herself when the car stopped
in front of a tall brick build
ing on Fifth Street near Porch
er Place.
The first floor was occupied
by shops of various kinds-a
beauty shop, a gift shop,
picture-framing store and
delicatessen.
Looking up Sharlie saw that
there were curtains in the
windows of the upper stories,
and here and there a lamp
glowing in the twilight.
I'll run up and get Marjorie"
AL Green said and got out of
the roadster.
But before he reached the
entrance to the building a girl
came out of it. A tall, smiling
girl dressed in the kind of black
that is more striking than any
color. A black satin dress that
showed every curve of her
young body as nothing else
could have revealed them, the
thinnest of black chiffon stock
1ngs and black sandals.
Her eyes were deep blue and
&ag mouth was bright scarlet:
The Washington times., 1933-03-28

last. I have so much home
work to do at night that ]
could not write sooner. I go to
the District Line School. My
teacher is Miss Duddly and she
is very nice. / am in the fifth
grade. I read the column every
night"
The Washington times., 1933-03-28
Bv Beatrice Burton
BY Tuthin
By Cliff Sterrett
By Milt Gross
BY Walt Disney

til you hear that girl do her
imitation of Sophie Tucker.
Boy, she can sing!"
When the car reached the
country the pair in the back
seat began to sing, I'm Still
Caring" in the lazy grooming
way that Mr.. Rudy Vallee has
made so popular everywhere.
Looking back over her shoul-
der, Sharlie saw that their
cheeks were close together, and
that both of them had lighted
cigarettes in their hands.
We've each had three drinks.
Miss Barnum," AL Green said
to her, stopping in the middle
of his song. How about you
and Caddy joining us in the
next one. How about it,
Caddy?"
Caddy stopped the car in the
darkness at the side of the
road. AL passed him the bottle
and he raised it to his lips.
But before he had time to
take a drink, q motorcycle
drove up beside them, seeming
to come from nowhere, and a
man peered into the car.
"What's going on here?" he
asked. "You got something to
drink there? What's that in
your hand?" AS he spoke he
reached out for the bottle that
cleaned in Caddy's hand.
Ito Be Continued Tomorrow.
The Washington times., 1933-03-28

you will have a most charming
scheme.
The Wonder Package con-
tains over 800 transfer pat
terms. However, the quilt pat
terms are not to be transferred.
This would be impossible; there
are so many different kinds Of
material to be used that one
could not expect to stamp the
design.
Use of Quilt Pattern
Cut the large quilt block In
half, leaving one-haH intact,
and cutting out the separate
pieces of the other half to use
as patterns for the prints and
plain material. The half Sec
ton that has not been cut up
will serve as a guide in putting
the pieces together correctly.
If you are one of the lucky
ones that have already received
their Wonder Package you no
doubt have had a great deal
of pleasure planning what may
be done with the dozens of diff
ferent designs. If you have
not secured the package, do not
hesitate to send for one or
call for it. If you desire to
have it mailed the price is
$1.00. but if you wish to call
for it the price is only 88c.
The Times Wonder Package
may be called for at the office.
The Washington times., 1933-03-28

Two more attractive quilt pat
terms are shown from The
Washington Times Wonder
Package. This marvellous pack
age contains eight quilt pat
terms in all; four for piece work
and four for patch work or ap-
plique.
These are the patterns that
use up all those scraps and
pieces in the mending bag, for
if you do not wish to make all
blocks alike, each may have an
individual scheme, and fortu-
nately in each Goose Tracks"
block there are four different
kinds of print, while in the
-four pointed star" there are
just two. Either of these pat
terms are very economical to
make, fascinating to work on
and especially effective in ap-
pearance.
Plain Directions
There are borders for each
design suggested and with the
plain instructions there should
be no trouble at all in creating
a beautiful quilt which could
be used for a bed-spread.
If you have an Early Amer1-
can room you could look far
before you would find a more
attractive spread and by max
ing the draperies and table
skirt of a small patterned print
The Washington times., 1933-03-28

Names OF the winners IN tn0
"King Kong" contest will be
published tomorrow. The
tickets are going out today.
Our campaign chairman at
st. Martins School, Ann Keele
2111 Fourth st. N. Ev sent us
q list of IS new members re-
Gently.
We wish we had space to
print all the names but u41for-
tunately we haven't. We are
delighted, however, to welcome
AIMS friends to our club and
hope they will find it as much
fun as Ann says she does.
Among them was Charles
Carnell, 109 Thirteenth st. S.
E., whose picture we are pub
fishing today.
Ann said of him:
"He is in the second grade
and his favOrite sport is swim
ming. He just begged me to
send you his name and picture.
He surely is anxious to jOin."
Rides Bike
Dorothy CLANCY, Upper Marl-
boro, Md:
'T am an old member of your
famous Adventure Club. I read
the column every day and find
it very interesting. My birth
day is August 29 and 1 will be
13 years old"
Edward Tucker, Landover,
Md:
II would like to belong to
your club. I am 10 years old
and my birthday is September
4th. I read your column every
evening. POpeye is the best of
the funnies. 1 have a nice bike
and like to ride it down Land
over Road"
Betty Myrtle Nellis, 1880
South Dakota Ave. N. E.:
"My brother and I would like
to join the Adventure Club.
We read your column every
night. My brother, Jack, is
IL years old and am 10.
We both are in the fifth grade
at the Woodbridge School. His
birthday is April 28 and mine
is April a."
Anna Grambo, 1907 H st.
N. W.:
I'm your letter you said If I
enjoyed the club it would be
nice if I got some of my play
mates to join. Here are four
for you. They are Elizabeth
GrambO, age 13, Margaret and
Mary Dugan, IL years old and
Charlotte CaliestO, 13 years old.
They are all in the seventh
grade at st. Patrick's Academy.
Their teacher is Sister Meltia."
Louise Vann, Seat Pleasant,
Md:
81 am writing you a letter at
The Washington times., 1933-03-28
SNAPPy WISE-RACKS

pasteurize the milk in a sealed,
sanitary pasteurization machine
and here they just did it out in
a green field"
"How could Pinchpenny be a
successful business man when
he has to sleep in the stable?"
"He's got the whole house
rented out to tourists"
"Whaddya mean, you're glad
your candidate lost?"
II had bet on the other fel-
low and I needed the money"
She-Before we were married
you used to call me your treas
ure.
He-Yes, and now I'm sorry !
dug you UP.
The Washington times., 1933-03-28

Mary was playing her first
visit to the country. She
watched the hired man milk the
cows.
"Now," she said, Il will take
them to pasture" Mary went
along.
At dinner Mary refused to
drink the milk.
why, Mary" exclaimed her
mother, "you drink a quart of
milk every day at home and
here is all of this nice fresh
milk and you won't drink it,"
But, Mother" protested
Mary, It am sure this is not the
right kind of milk. When our
science teacher took us to the
dairy plant we watched them
The Washington times., 1933-03-28
Washington Times
Adventure Club

Names of the winners in the
"King Kong" contest will be
published tomorrow. The
tickets are going out today.
The Washington times., 1933-03-28
A PuIse-TingIing Novel of a Youth

did you decide on Whites.
Caddy?" he asked, helping Miss
MiLiken into the rumble seat
and climbing in beside her.
eyes, we're going to Whites" I"
Miss Milliken answered. IF
you two are broke I sup
pose you are-I can let you
take some money"
The car started.
I'm not dressed well enough
The Washington times., 1933-03-28

I have a bottle of something
good upstairs. You run up and
get it, Al"
She handed AL Green a key.
"It's in that little cupboard
above the sideboard, AL" she
called to him as he vanished
into the building.
Three minutes later he came
hurrying out again with a bot
tie under his coat.
The Washington times., 1933-03-28

B st. S. E.
We wish them all many
happy returns of the day.
Note: All, there, Frank
Kay, we bet you thought we
were not going to publish
your picture. But we were
saving it for today.
Olga Oster aid, 2815
Quarry Rd., N. w.
The Washington times., 1933-03-28

Seat Pleas
ant. Md;
Nj a d cline
S n o o t s.
H Y q t t s .
vile Md;
l. o r r aine
r i S S lie r,
Ch a ri e s
AO"uS W.
Va; Mar
Gene Gold.
stein, 5536
G. o n neCti..
cut A v Q.
and Gene
We've Law.
renee, 513
The Washington times., 1933-03-28

Our birthday members to-
day are Frank Kay, Ills N
st. N. w.; LOlah UnSwOrth,
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-11-23

r. W. Anderson left Sunday FOL
her new home in Portland. She
has spent the past three weeks at
Richland getting their ranch ready
for the winter. r. ~
James Kratzer of Kennewick has
been elected president of the mems
rifle club at Washington State
college. Mr.. Kratzer is a senior
in the department of mechanical
engineering.
Mrs. Nell O'Leary was confined
to her home over the weekend with
severe cold. Miss Rosa Struve
substituted for her the first days
of the week in Gascoigne and
Fyfe's office. =
Mrs. Louis Carpenter and Mrs.
R. E. Hatch were hostesses at a
bridge dinner party Monday eve
ming. Four tables were in play with
honors going to Mrs. Harry Wat
son and G.. III. Yedica.
The regular monthly meeting Of
the. OAR. met at the home Of
Mrs. j. H. Siegfried Monday, Nov
ember IS, for a dessert luncheon
After the business meeting very
interesting report was given by
Mrs. Siegfried of her visit to the
Century Of Progress Fair in Chi
cago. The next monthly meeting
will be held at the home of Mrs.
P. o. Stone, December IL. ,~.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-11-23
Mrs. w w. Wilson and daugh-

Mrs. w. w. Wilson and daugh.
tiers, Mrs. Gerald McEvoy and
daughter, Donna Marie and Eu.
gene Wilson of Walla Walla were
| guests of their daughter and Sis
ter, Mrs. v. w. Bird and family.
Mr.. and Mrs. w. M. Coble OF
Spokane are visitors in Kennewick
today. Mr.. Coble is with the Ben.
ton County Columbia Company
and is here in connection with his
company's interest in the local ir.
rigation districts.
The N. P. has secured special
holiday rates on shipments of in
dividual boxes Of fruit to eastern
points. The charges are about half
| of the former prices and are made
to encourage shipment as. holiday
gifts.
v. M. Ward, manager Of the 10.
cal j. C. Penney store, left Sunday
for Walla Walla to attend the j.
C. Penney company convention
held there, where managers from
the northwest stores are expected
,, to be present.
Among the Walla Walla visitors
Saturday from Kennewick were
Mr.. and Mrs. Herbert Misner, Mrs
]. w. Barnes and daughter, Miss
Betty, Jay Bliss, Miss Florence
Oliver, Miss Bertha Fricke and
Mrs. v. A. Nevlow.
| Harold Nelson, son of Mr.. and
Mrs. R. L. Nelson has been init
lated in the Beta Theta Pi sorority
at Stanford University, according
to word received by his parents
this week. Mr.. Nelson is a gradu-
ate of the local high school and
also of Moran Junior college in
California. ..........
Mrs. Vernon Bird, Mrs. C. F,
Winkenwarder, Mrs. HI. E. Oliver
and Mrs. w. S. Walters entertain
ed at the Oliver home with one
o'clock luncheon Monday. Nine
tables of bridge were the diversion
| of the afternoon. Honors went to
Mrs. William Sly, Mrs. P. o. Stone
and Mrs. o. T. Staley. Es %
Inadvertently the name Of H. s.
Hughes was omitted from t {
list of committee heads elected by
the local chamber of commerce re-
Gently. Mr.. Hughes will again
head the roads committee as q
| mark Of commentator for the
great accomplishments this com.
mittee has secured in the past
couple of years. His committee
was one of the most active in the
entire club and secured most Of the
! things it went after. -.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-11-23

-, Rider is a business visit
= seattle this week.
or y u.rold G. Robertson has re-
MI. Nj. from a visit in Portland
tuineu Needle club will meet on
the me necember 1, with Mrs. Ed
hai,n Marvin Carnahan, Mrs:
A,l MIs. Matthews and Mrs rsr.1 Harold r.?I
1.salp !aaon m were Walla Walla Wis
'' nsrid Henneberry arrived satur-
-. pAt ~ visit his aunt, Mrs: Nora "a
Nay asypneberry, who is a patent a'
u. urs +. E. shanafelt left for
,,,s NIT. after a visit with her
~. "u and daughter.in,,-law' Mr. ana
Mr. G. H. shanafelt'
rp Dodd of Hermiston was in
.o. e. tuesday on business connect
81 with his property on the 1akl-
ma ~ river above Richland.
Mr.. and Mrs. L. N. Dague ana q
Mrs S. Foraker have returned
h s,om Naches, where they have
spent three months working IN the
fruit. -.
Miss Madge Cross is assisting
!, the office of the Columbia lr-
-;oation district, taking the place
- Mrs. Arthur Thrasher, nee Elna
pa.fo
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-11-23

Mr.. H. Bockstruck arrived Mon
day from a trip to Chicago and st.
Louis where he enjoyed a visit
with his brothers and sisters and
other relatives. He also visited the
fair in Chicago, which he says
can't be beat. He is at the home of
his daughter, Mrs. Walt Des-
oranges.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-11-23

regular session this evening Of the
Women Of Moose, Kennewick
Chapter No. 59S. Cards and re-
freshments were the diversion Of
the evening, altho the child's quilt
to be sent to MoOseheart was COM
pleted. Another quilt will be start
ed soon to be sent to the same in
stitution