The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-03-14
TO PROSECUTE
|VIOLATORS OF
BANKING LAWS
Roosevelt Orders Action,
Names Daniels, Straus,
Bingham as ENJOYS
By FREDERICK A. STORM
United Press Staff Correspondent


WASHINGTON. Mar. ID. (UP)
President Roosevelt last night eli
NAKED another day of intense ac-
tivity with the demand for vigOr-
Gus prosecution of violators Of
the nations banking laws.
Following through his earlier
efforts at economic rehabilitation,
the president approved a reopen
ing of the senate banking investi-
CATION and called on the attorney
general to take action in all cases
of violations unearthed during
the inquiry.
Mr.. Roosevelt's decision to
throw behind the bars, if neces-
sary, those persons guilty Of
shady conduct in banking transac-
tions. was revealed after a con-
ference with Senator Fletcher, of
Florida, chairman of the senate
committee on banking and cur
rency.
Fletcher communicated to the
president the result of his COM
mittee's vote to continue the in
vestigation instituted originally by
Senator Peter Norbeck. This ac-
ton met with instant approval.
Mr.. Roosevelt then threw behind
the committee the full strength of
his power in his determination to
wipe out the evils he holds re-
sponsible for the recent crisis.
1t was explained at the White
House that committee would
move in an attempt to prevent a
recurrence of those old evils
which he said in his statement
Sunday night was largely respon-
Sible for the banking situation
that eliminated in the declaration
of a nationwide banking holiday
and the placing of an embargo on
gold.
Attorney General Cummings
was advised by the White House
to watch closely every develop
ment in the course of the commit
tees investigation in order that
he will be prepared to act swiftly
upon the uncovering of evidence
that warrants prosecution. Fletcn-
er was with Mr.. Roosevelt for
more than an hour. When he left
Senator Joe T. Robinson entered
the executive offices to assure
him that sufficient votes were on
hand to pass the beer bill which
he requested earlier in the day
and the economy measure now
before the senate.
In the brief interludeS between
conferences on pending legislative
matters, the president disposed of
three of his major diplomatic APP
pointments. He sent to the senate
for confirmation the names of
Judge Robt. w. Bingham, Of Lou
isville. KY, to be ambassador to
the Court of st. James; JosephCs
Daniels, Raleigh. N. c., to be am
bassador to Mexico. and Jesse Isl
dor Straus, New York, to be am
hassador to France.
Both Bingham and Daniels are
newspaper publishers. The for
mer is owner of the Louisville
Uourier-Journal. Daniels served
eight years as secretary of the
navy in the Wilson administra-
ton. Mr.. Roosevelt was his first
assistant.
Straus is one of New York
City's leading merchants. During
Mr.. Roosevelt's terms of governor
of New York state, he frequently
utilized the services of StrauS.
The last position was one in con-
nection with the unemployment:
relief administration.
Friends of the president eX-
pected that he would clean up the
slate of diplomatic appointments
by the end of the week.
During the day the president
conferred with members of the
Reconstruction Finance Corpora
ton, headed by Jesse Jones.
While Jones said they merely dis
cussed matters of general interest
to the r. F. c.. it was learned
they went into the matter of aid
for state banks not directly af-
filiated with the Federal Reserve
system.
Ruth Bryan Owen, former con-
gresswoman of Florida. and Fred
eric H. Price of Boston, were call
ers at the White House. Both have
been mentioned for diplomatic
places, Mrs. Owen as minister to