davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-10-14

Dividend rates as given in the above table
payments based on the latest quarterly or hal
sUnit CT trading less than 100 shares.
40 in stock. Paid last year-no regular
stock. Payable in cash or stock d Plus So
in special preferred stock Payable in scrir
Evening star., 1933-10-14
new YORK BANK STOCKS
NEW YORK. October IA (P).-Over-
the-counter market:

Quotations as of 1920 o'clock.)
pANIyC Ae
The Washington times., 1933-03-14
Confidence, Optimism Spur Business
Throughout Ma tion as Banks Reopen

Judging from the experience OF
New York, the financial nerve
center of the nation, the banking
crisis has passed. The Federal
Reserve Bank here was called
upon by members yesterday for
between $40, 900, 900 and SIS, ,00O, 200
in currency. This was very little
more than normal.
Hoarded gold continued to pour
in. Gold and gold certificates
returned to the Federal Reserve
Bank by individuals and banks
since the beginning of the last
week is $135, ,000,0 900.
No decision has yet been
reached regarding the date of the
reopening of the New York Stock
Exchange and the various security
and commodity markets. The
general opinion was that the ex-
change would reopen Thursday or
Friday.
The Washington times., 1933-03-14

,, NEW YORK, March IA QN.SO
Business throughout the country
was further accelerated today
when the second step in President
Roosevelt'S "stagger plan" for the
resumption of normal banking was
put into effect with the reopening
Of banks in $50 clearing house
cities.
Confidence and optimism grew
as the banks in the clearing
house cities followed the process
sion of reopenings which swung
under way Monday in the Federal
Reserve cities. Banks in other
communities will be reopened to-
morrow.
Deposits Exceed Withdrawals
Advices to International News
Service were to the effect that
deposits we're greatly exceeding
Withdrawals.
Checks for the payment Of in,
come taxes, due tomorrow, cleared
through the banks. This was a
source of relief to citizens every
where.
The New York Federal Reserve
Bank authorized the re-opening
Of Y member banks in upstate
New York and in the sections OF
New Jersey and Connecticut
which are under its supervision
Among the New York cities af'
fected were Buffalo, Rochester,
Syracuse, Utica and Albany.
Savings Restrictions
Savings banks in the clearing
house cities were permitted to re-
open with the same restriction
which prevails in New York, the
limiting of Withdrawals to $25 a
week.
The Washington times., 1933-03-14
PEAK BEER YEAR
FOUND 72,646
|N|NDUSTRY
1914 Was Time of Biggest
Yield; Forecast Shows
Varied Consumption,

Forecasts of what may be ex-
pected as a result of the imminent
passage of the beer bill appeared
today in Department of Commerce
statistics as to the extent OF the
liquor traffic in the last three
decades, and particularly in the
years just prior to 1920.
Employment in brewing and dis
tilling plants reached a peak in
1914, when the total number Of
wage earners in such establish
ments totaled 72,646. OF this
number 6,295 were employed in
distilleries. 1892 in wine making,
and 62,070 in brewerles. The mum
ber had declined sharply by 1919,
the year of the next manufac-
lures census.
Beer Peak in IA
Production of distilled liquors
was highest in 1917, when 1885,
OBS, ,463 gallons were manufac,
tured. The beer peak was in 1914,
when the total was 2,O51 ,S73 1858
gallons.
Wine production was at it's high
point in 1919, long after the other
peaks, when 55,726,171 gallons
were fermented, a marked increase
over previous years and a possible
indication that national tastes
were changing at that time.
There were in 1914, 1,150 plants
for making malt LIQUOR, 434 for
distilled liquors and 318 for wine
making. The 1919 figures showed
a gain to 342 for wine-making
plants, but losses in the other
categories. ,
Prospects for the farm market
in renewed traffic in liquor may
be judged from figures that show
2,77O,964, ,608 pounds of malt used
in 1917, 167,750,177 pounds of rice
used in 1915, 666, ,401 ,619 pounds Of
corn and corn products used in
1917, 41,958,753 pounds of hops
used in the same year, 1888, ,4lO
pounds of sugar used in that year,
and 4,O89 300 pounds of grits,
wheat, bran, and barley in 1917 in
e m e n t d liquor production.
These figures represent the peaks.
'18 Receipts Half Billion
In the production of alcohol
and other distilled spirits, the
maxima were 4,480,588 bushels of
malt, 1878 bushels of wheat, and
3,1l6,612 bushels of rye, all in
1915: 33,973,269 bushels of corn
in 1917, and 1,137 bushels Of bar
ley in 1915.
Per capita production of dis
titled spirits in this country was
at its peak, 1.67 gallons per
capita, in 1917. Wine conSump-
ton was at a maximum of 0.5S
gallons per capita in 1912. falling
off thereafter for several years
and rising again to 0.5l gallons
in 1919. Per capita consumption
of malt liquors was highest in
1918, with a mark of 20.72 gal
Ions.
Total receipts from the liquor
traffic in 1918 were $449, ,81O, 900
The largest exports Of distilled
liquor we're in 1917, when 54,-
O51 900 gallons were shipped out
of the country. Wine imports
were in general greater than ex-
DOrfS
The Washington times., 1933-03-14

stricted basis for the present,
pending investigation of their af.
fairs.
ReOrganizatiOnS Due
In some cases reorganiZationS
will be enforced. the emergency
banking act having reposed
authority in the President, through
the Treasury, to, do this where it
is deemed necessary.
Meanwhile, preparations are
being made here for a general
overhauling and revision of the
foundations Of the whole banking
structure. That it has many
basic weaknesses is generally con-
ceded.
President Roosevelt, however,
intends moving slowly IN this
direction. No action is contem-
plated at the extraordinary ses-
sion of Congress, which was
called to deal only with emer-
gency matters.
Reforms to Wait
The ultimate reform in bank
ing legislation will await the
regular session of Congress next
winter, according to present
plans.
Senator Carter Glass D0 of
Virginia already has re-intro-
duced his reform act, which
passed the Senate last year only
to die in the House. It probably
will serve as the basis for the
new legislation, although many
believe that the crisis through
which the country has just passed
necessitateS some more far-reach-
ing changes.
The guiding principle Of the
Roosevelt Administration in the
matter is lit shall not occur
again." To that end, the new
banking legislation will be care
fully worked out, with the lessons
of the present situation upper
most in the minds of the legisla-
tors.
The Washington times., 1933-03-14
House to Pass Beer Bill
Before Nightfall
Bill

this afternoon that WaShington'S S
beer bill would be sponsored by
Representative Vincent L. Palmi.
Sano CD of Maryland, and prob.
ably introduced late today or to.
morrow.
Senator Millard E. Tydings
(DO of Maryland recently indi-
Gated that he would sponsor Dis
trict beer legislation in the event
that a national bill was adopted
without benefit to the District.
Senator Ashurst CD Of Arizona,
chairman of the Senate judiciary
Committee, has promised to call
his committee together immedi-
ately after the bill is received
from the House.
To Net $125,OOO,OOO
Passage of the beer measure is
expected to bring from SIPS, ,000,-
600 to $15O,OOO,OOO a year into the
Federal Treasury. With the $780,
100000 economy program and a
proposed saving of 100000, 900
through Government reorganiza-
tion, it is expected President
Roosevelt will attain his goal of
a balanced budget.
Then, it is predicted, the Treas
ury may undertake to convert bill
lions of dollars into issues with a
lower rate of interest, thereby
possibly cutting expenses another
$150,OOO, 900 to 5000 ,OO0, 900 a year.
The Washington times., 1933-03-14
Senate Gets Bill to Aid State Banks;
Woodin Sees Era of Fear as Vanished

The Robinson bill, authorizing
direct Federal Reserve Loans to
State banks under the Roosevelt
emergency banking measure, was
favorably reported today by the
Senate Banking and Currency
Committee.
The loan privilege is extended
for one year or during the ex.
listing national emergency in
banking" The President is au-
thorized to terminate it at any
time within a year by proclama-
ton.
With State Approval
Loans would be made by the
Federal Reserve banks to State in
StitutionS only with the approval
Of State banking departments.
"Some of the committee men,
berS thought the Robinson bill
was unnecessary since a some
what similar provision was in
the general relief act of last
July"
This was the statement Of Sem
ator Fletcher D.) of Florida, the
committee chairman. Senator
Robinson of Arkansas, the Demo-
cratic leader, is author of the bill.
The committee favorably re-
ported a bill by Senator Bulkley
CD of Ohio, authorizing the is
Suance of capital notes or deben-
lures in lieu of preferred bank
stock. This optional provision
was intended to aid bank reor-
The Washington times., 1933-03-14
70 LOCAL BANKS
FULLY OPENED

(Continued from Page One)
with the Comptroller today in
an attempt to discover why per-
mission to reopen had been de-
MED.
Thomas P. Hickman, vice presi-
dent of the bank, said:
"This action came as a great
shock and surprise to all the
bank officials, as we had made
plans for reOpening today. We
cannot understand the refusal,
and feel that this action is
entirely unwarranted.
EAGER TO OPEN
1--WE hope to see the Comp
trOlIer today and find out what
is the matter, SO that we can
open at the earliest possible
moment. We are very eager
to get going.
meanwhile until we receive
a license we shall carry on
UUSAMCSS WuUGE OAAC ICSuA~SAVA0
issued during the bank holiday
by the Secretary of the Treas
ury."
Washington building and loan
associations are expected to re-
ceive licenses to reopen tomorrow,
Officials of the Washington
clearing House Association
pointed out that failure of a
bank to reopen for complete
business today does not mean
that the bank is not sound OF
that it will not be opened at a
later date.
COnservatOrs' Powers
Each bank conServator will have
all powers of a receiver under
the emergency banking law, tax
ing over management Of the
institution until such time as the
institution is granted a license to
reopen.
The Washington times., 1933-03-14
SO Reserve Members
In 9Th District Open

RICHMOND Va, March IA
GNS0 Normal business was re.
sumed today by 80 member banks
of the Federal Reserve system
having clearing houses in 1S cities
Of the Fifth Federal Reserve Dis
trict.
Baltimore reported the opening
of six banks; Washington. eight;
Charleston, w. Va, five; Char.
lotte, N. c., four; Lynchburg and
Norfolk, three each; Roanoke, Va.
and Charleston and Greenville,
S. c.. two each, and one each in
Huntington. w. Va, Asheville, N
c., winston Salem, N. c., and
Raleigh, NC.
The Washington times., 1933-03-14
WORK GUIDANCE
PLEA MADE

An appropriation to provide for
an adequate" system of voca-
tional and educational guidance
in the District public schools is
advocated in a communication re-
ceived today by the Board of Edu-
cation from the board of manag-
erS of the District Congress of
Parents and Teachers.
The association requests an ap-
preparation to provide for the
appointment of "counselors" for
each semester in every junior and
senior high school in the District
in order to carry out the guidance
plan.
It is pointed out that the
present economic conditions make
it imperative that children be pre-
pared for vocation and for the
use of their leisure time.
CounSelors who are well trained
specialists, with q breadth Of
sympathy and understanding
should be appointed to carry on
the program of guidance, the
communication insists.
The Washington times., 1933-03-14
BANK OFFICIAL
IS SUICIDE

(Continued on Page 2, Column -
the clothes hamper, Mrs. Stunz
went to the second floor to look
for him..
A few moments later, the maid.
who had gone to the basement
quarters, discovered the body and
screamed. Mr.. Spencer tele-
phoned police and Emergency HOS
pital. The bank official was
pronounced dead by the hospital
inferno.
Son Taken From School
The police investigation, con-
Quoted under direction Of Capt
Joseph c. Morgan, Of the Sixth
precinct station, disclosed the
theory that the bank official had
summoned Mr.. Spencer to his
home to avert any suspicion from
members of the household as the
result of his act.
Mrs. StunZ was PROSTATE with
grief and was placed under care
Va 4AC4 pAAJO4NAnA4, OAs " oN% @AOAAAA~
son, 14OO block M st. N. w.
The son was taken from the
school by a close friend, Mrs
Helen Dill, 14OO Hemlock St.
N. w., and taken to her home
Her husband is an assistant clerk
of the United States Supreme
Court.
Two Bullets Fired
The fact that two bullets were
fired by the bank official was
termed by DR.. Macdonald az
somewhat unusual in suicide
cases, but far from impossible
He pointed out that this might
be accomplished by one who is
still conscious after the first shot
is fired or by natural reaction.
A native of Baltimore, Mr.
Stunz has been connected with
the Park Savings Bank for the
past % years. He entered the
banks employ as a clerk and was
advanced through grades to the
high position he held at the time
of his death. He was prominent
in local banking and financial
circles.
The Washington times., 1933-03-14

ganizations in States which re-
quire double stockholders liability
on preferred bank stocks.
Fear Era VanisheS
The era Of fear in the banking
situation has completely passed
Secretary of the Treasury Woodir
said today. He declared:
Everything is moving along
satisfactorily, and the clouds
are evapOrating one by one.
To-day is continuing the fine
record of yesterday so far as
the banking situation is con.
cerned.
"The people have been Co
operating with us magnifi-
Gently.
Il am beginning to believe a
superstition 1 have long main
tained-that 13 is my lucky
number.
Everywhere it is indicated
that the era of fear that was
SO manifest before the bank
holiday has completely passed.
People are using the reopened
banks as banks were intended
to be uSed-as a convenience in
paying their bills and safe
guarding their funds.
Deposits continue to equal
or exceed Withdrawals. In other
words, the country understands
what the Administration is do
ing, and is showing its conf
dence-and that means every.
thing"
The Washington times., 1933-03-14
WOOD|N OFFERS
ASSURANCE ON
CLOSED BANKS
Naming CoHservators Not to
Be Construed as Indication
Of Real Weakness

Banks for which conservators
have been appointed are "not
necessarily" in difficulties. Secre
tary Of the Treasury Woodin de
clared in a formal statement to
day.
Reassuring depositors and cred
itorS of banks which have not
been licensed to perform all nor
NAL functions. Woodin asserted
that these institutions will be put
Gin apple-pie order" before they
are permitted to open fully.
Woodin'S statement follows:
'In response to many in
QuirieS as to the significance of
the appointment of cOnserva-
tors to banks of high repute, I
wish to say that there is no de-
ductiOn to be made that such
banks are necessarily in diff
culties.
"There are q lot Of cOmplica-
tiOnS, some of them concerning
affiliate enterprises, which
makes it impractical for banks
to open to the full extent. 1t is
for the purpose Of insuring that
the banks will be put in apple
pie order, pending the reOrgan-
izatiOn or other necessary
processes that cOnservatOrs in
many cases are named.
RECEIVING DEPOSITS
Moreover, this method makes
it possible that the banks so cir
cumStanced will be able to con-
tinue to render service, as for
example, the receiving Of de-
pOSits to be segregated and or
kept in cash or invested in
Government bonds and such
Hike securities.
"It also enables the cOnserva-
tor to set aside and make avail
able for withdrawal by depOSi-
tors and payment to other
creditors on ratable basis
such amounts as in his opinion
it is safe to use for this pur-
pose"
Conservators for national banks
that are not in a position to b.
licensed for 100 per cent oper'
alton were being selected toda!
by the Comptroller of Currency.
The Comptroller is authorized
by the emergency banking Law
to place a conServator in charge
of national banks whenever HI
deems it necessary or advisable.
Has Powers of Receiver
A conservator has all of the
powers of a receiver. He is placed
under bond and on taking pos
session of the banks brings about
an examination. report on which
is submitted to the Comptroller
The Comptroller. in his discre'
ton, then may terminate the con
servatorship and permit the bank
to resume the transaction OF its
business subject to such terms
conditions, and restrictions as hi
may impose.
Deposits can be accepted wher
the bank is in the hands of
conServator, but they must bt
maintained intact, deposited ir
the reserve bank or invested II
Government securities.
The Washington times., 1933-03-14

CONTINUED from Page One)
on the brewer if he is charged
with making beer above 80
per cent.
Minors UnnOticed
Advertising of beer is per-
mitted, and since the product
is treated as Notwithstanding,
no provision was inserted to
affect minors.
During the meeting of the
Ways and Means Committee
Representative Vinson CD o1
Kentucky, made an effort to re
strict the sale of beer to hotels
and eating places but failed.
D. C. Beer Unauthorized
The Ways and Means subcom.
mittee doubted the wisdom" OF
including local legislation because
cit might bring in a lot of COM
plex problems and jeopardize the
prompt passage of the national
bill"
Announcement was made later
The Washington times., 1933-03-14
PLAYGROUND'S
PLAN PUSHED

To prevent further evacuation
Of houses adjacent to the North
east playground by tenants be-
lieving their homes will be razed.
H. Tudor Morsell, land purchasing
agent for the National Capital
Park and Planning Commission,
today made public plans for the
Fairgrounds development.
The only area to be improved
at this time is bounded by F and
G. Ninth and Tenth SITS. N. E.
This lot will be provided with two
baseball diamonds, wading pool,
Sandbox, playground apparatus,
and opened to the public the last
Of July.
The Washington times., 1933-03-14
us, To TIGHTEN
ARMS CURB

The new Administration has
decided to extend the scope Of
the arms embargo resolution be-
fore Congress to the entire world,
it was stated on high authority
today.
AS approved by the House For
eign Affairs Committee, the reso-
luton would restrict the Presi-
dents power to declare arms en-
bargoes to the Western Hemi-
sphere. E.
President Roosevelt believes he
should have authority to declare
an embargo in the Far East or
any other part of the world when
it is deemed that such action
might help to prevent war.
The Washington times., 1933-03-14

In approximately 265 Of the
largest cities of the nation, bank
ing was resumed on normal or
nearly normal basis this morning,
with only the ban on gold pay
ments and the admonition against
boarding to remind them of the
financial nightmare Of the past
10 days.
New Money Plentiful
Their vaults are bulging with
new currency. ample to take care
of all legitimate demands. Conf
dence has been restored to a re-
markable degree. according to re-
ports to the Treasury, and officials
here look for a decided upswing
Of business as a result.
Tomorrow will see almost COM
plete return to banking normalcy.
Following the banks in the IL
Reserve Bank cities yesterday,
and those in the $50 clearing
house cities today, the outlying
ana country DanKS CnrOugnouC C1le
nation will open their doors for
business as usual tomorrow.
Treasury Watchful
Local conditions will govern
banking practices in many cases,
but in the main the country can
be said to return to unrestricted
banking operations tomorrow.
The Government is not going
to molest the casual citizen who
may have a stray $40 or $40
gold certificate in its efforts to
get gold and gold certificates
back into the Treasury, Secre-
tary Woodin announced today.
It's the big hoarder Of gold that
is the quarry of the Government,
he said.
The watchful eye of the
Treasury, however, will be main
tained over the general banking
structure for some time to come.
A number of banks have not been
licensed and will be kept on re-
The Washington times., 1933-03-14

Mr.. du LUCREzIA BOR1
Points gift and another for
the same amount telephoned
from Chicago earlier by Louis
Eckstein, president of the Ra-
vinia Opera Company of that
city, are the largest individual
contributions so far.
Miss Bori said that $177,000
of the 100000 which must be
raised if the opera is to con.
tinue next season, had been re-
ceived.
The Washington times., 1933-03-14

signed to lessen the possibility
of ranking players being elm.
mated in the early rounds.
Pointing out that many Of
those who had been considered
leading contenders were elm
mated before the finals Of the
Goldman Cup event at the East
ern championships two weeks
ago, Mr.. Karn said that "a jinx
seems to operate against defend
erS," which often robS cham
pionships of much of their color.
He suggested that future pairs
championships be limited to %
pairs, half of whom would be
qualified automatically on the
basis Of their previous tourna-
ment records.
The Washington times., 1933-03-14
Bank Quiz Promised
In Madison, Wis,

MADISON, Wis, March IA
U.N.SO.-District Attorney Fred
Riser announced today that he
will call grand jury investiga-
ton of Dane county banks with
the assurance that indictments
will follow the probe. He de-
clared q probe will aid to restor-
ing confidence.
The Washington times., 1933-03-14

appeal for
funds from
the Metropol-
itan S t a g e
and five min
uteS later an
nounced that
pl e d ge Of
$4,000 had
b e e n tele-
phoned from
Baltimore by
Pi re du
Pont, W ho
had he rd
her plea over
the radio.
The Washington times., 1933-03-14

amounting to
$l0,967 were
a n n o u need
today.
A gift of
$4,000 ro m
Mrs. Eugene
Meyer to sup
port a re-
search prof.
ect for Socio-
logical inveS-
tig a ton in
w e S leicester
C u n ty is
among them.
The Italian
rnu nWTN~ nnf
The Washington times., 1933-03-14

r e t u IN e d
from a two
months big
game Safari
in the Sudan,
bringing hun
dredS of feet
of motion-pic-
ture film.
The Duke
bagged some
r a re game.
Two fair-Sized
e l e ph a nts
a n d several
lions W ere
a m on g his
The Washington times., 1933-03-14

erS or the ma
tional p a i r
championship
and of the
V a n d e r bilt
Cup, and who
won the ma
tional individ-
ual masters
championship
in 1881, ap-
pealed today
for q change
in the quail
flying regula-
tionS for pair
C h a m pion-
The Washington times., 1933-03-14

Duke OF gloucester trophies.
The Duke dined with his
parents, King George and
Queen Mary. He will rejoin
his regiment, the Eleventh Hus-
SarS, at once.
The Washington times., 1933-03-14

gave $7OO for support of the
Casa Itanana and Prof. James
c. Bonbright contributed $500
for q research project entitled
judicial Valuation"
The Washington times., 1933-03-14
WIDE BANK REFORM TO AWAIT REGULAR SESSON|P1
PEOPLE
Who Interest
You and
What They
Are Doing
Opera Stars Appeal
Brings Results

NEW YORK, March 14.-Lu-
crezia Bori, chairman Of the
committee to save the Metro
politan Opera, made her final
The Washington times., 1933-03-14

Lost or Found? Hun
dreds of articles are lost daily and the
greatest percentage of them are adver-
tised by the loser lend a helping
hand II you've found something. read
the Lost and Found Columns Of the
WANT AD SECTION Of thiA newspaper.
The Washington times., 1933-03-14
Bridge Master Asks
Qualifying Change

NEW YORK, March l4.-Wil-
lard S. Karn, contract bridge
expert, who is one of the hold
The Washington times., 1933-03-14
Mrs. Meyer Makes Gift
Of $1,000 to Columbia

NEW YORK, March IA.
Twenty-seven cash contribu-
tions to Columbia University
The Washington times., 1933-03-14
Duke Of Gloucester
Fares Well on Hunt

LONDON, March 14.-The
Duke of Gloucester, bronzed
and looking remarkably fit, has
The Washington times., 1933-03-14
CAUTION To MARK PROGRAM
Of ROOSEVELT FOR NEW
FINANCE LEGISLATION

The relaxing grip of the Federal Government upon the vast
banking structure of the country reflected today in the
lifting of restrictions from several thousand institutions scat
The Washington times., 1933-03-14
CONDITION OF TREASURY

Treasury balance, $125,612,-
453.61; expenditures, S., 5,147,616.19;
customs receipts, 1921 ,261.84.
New York Produce Receipts
"a