davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-03-10
DRASTIC BANK ACT
PASSED SPEEDILY
Congress Takes Little More
Than Seven Hours to Ap.
prove Strong Control.

With grim determination, both the
House and Senate, after organizing yes
terday, tackled the banking problem
and in the short space Of about tx
hours, had turned out an epoch making
piece Of legislation vesting in the Presi-
dent unqualified powers over every type
of banking.
Party lines were cast aside In the
drama Republicans, in the minority,
joined with the dominating Democrats,
and pledged themselves to accept the
dictates Of the new President to aid the
country In its hour Of need. In fact,
Congress hardly knew what was in the
bill 1t passed. There were no copies in
the House, and 1t was read and ex-
planned on the floor by Representative
Steagall, chairman of the Banking and
Currency Committee. There was no
time to study the implications and
ramifications.
In the Senate, however. copies had
been provided by the time consideration
began. But members followed the
clerks reading with unusually rapt at
tention. In both chambers, members
gave the impression that they were
glad to place the responsibility for
action in the hands Of one man, happy
that one man had offered to assume
that burden.
Action Taken Quickly.
It was noon when the new Congress
convened. It then organized and re-
| ceived the Presidents brief message
| asking for action. Action 1t got.
The House at 2:55 began consider
alton of the bank bill. 1t passed it at
4:05 without a voice in dissent. The
Senate took up the measure IS minutes
later and passed 1t 73 to 7 at 1928.
Speaker Rainey and Vice President
Garner signed 1t, and at 7:55 it was ON
its way to the White House. At 6:36
Evening star., 1933-03-10
d desperate situation In the coun.

and desperate situation In the coun-
try"
Senator Robinson, Democratic leader,
pointed out the bill would enable State
banks TO obtain loans from member
banks and also to obtain capital from
the, Rec6nstruction Finance Corpora
YES Senator Glass replied. ut
would authorize the Reconstruction
Finance Corporation to subscribe to the
preferred stock Of State banks"
Senator Reed. Republican, Of Penn
sylvanias asked If he was correct in say
ing that State banks would not have to
look to Washington for permission to
open, but could get authority from their
State officials.
As Senator Glass agreed, Senator
Reed declared: Then, instead of i'm
peding State banks. this legislation will
add certain resources and make eligible
lor reolscount any secured note which
the State bank might give to its CORE
spondent member bank"
Undoubtedly" Senator Glass agreed
again. This will largely aid State
banks"
Senator Long asked how State bank
would borrow through a member bank
which was itself closed
They won't get any today" Sen.
ator Glass retorted sharply. And
they won't get any tomorrow II this
legislation Is defeated"
Senator Glass, a banking conserva-
tive, explained that there are pro-
visions In this bill so liberal that no
friend Of the Federal Reserve banking
system In ordinary times would follow
1t for a moment"
why. under this BILL" he continued,
when member banks exhausted their
eligible paper, they would then bring
their cats and dogs to the banks and
with the assent OF the Federal Reserve
Board get them discounted"
Sees Drastic Change.
One Of the outstanding provisions OF
the BILL Senator Glass added. would
permit individuals to do business with
the Federal Reserve Banks, something
that has never been done since they
were organized"
He then called attention to the cur
rency expansion provision, remarking:
We have authorized In this bill the
issuance of some billions of dollars II.
Federal Reserve bank notes that DO
not require any gold reserve"
II am coming to have less and less
respect for q gold reserve that can't be
used when 1t Is needed" declared Sena-
tor Glass.
Il haven't slept one hour since night
before last" Senator Glass continued.
Evening star., 1933-03-10

Nov to be pestered with attempts to
pin prick great measure like this isn't
agreeable"
Senator Long asked the total number
Of banks In the country and when Sena-
tor Glass said $4,000, the Louisianan
inquired:
80 you're going to reopen 5000 and
let $4,000 stay closed"
Pounding his desk in anger, Senator
Glass replied hotly: I'VE are not going
to close single bank"
Senator Glass concluded with a plea
to the Senate to Subordinate" its views
In considering the legislation. As he
finished there were cries of "vote,"
vote" but Senator Long said, mo,
we won't vote"
Reed Adds Appeal.
Senator Reed then Joined in the plea
for action, saying that though he found
jected to. he was 80 impressed with
the necessities of the case as told to
us by the Senator from Virginia." that
he was not even going to mention his
objections.
vote, Serator Vandenberg, Republican,
Michigan, arose to say he was going
to vote "aye" very reluctantly and
would do so only because of the utterly
critical situation" and the necessity for
complete cooperation with the Execu-
tive"
Otherwise, he added. he would "hesi-
tate q long, long time before sane
tioning such a measure"
1T seems to me-" he said. "that
what shall happen to the Nation after
tonight depends entirely upon the
Judgment or the whim of the control
Ter Of the currency"
Just before the vote. Senator La
Toilette. Republican, Wisconsin, in a
formal address, said the weaker banks
mostly outside New York would either
Evening star., 1933-03-10

remain closed or accept the conditions
Of q conservator Of the Treasury"
while the stronger ones would be able to
buy control Of the others.
1T will result In Q virtual Dictator
ship by the New York banks over other
banks Of the Nation" he said.
Backed by Both Parties.
Under stringent rules not only limit
ing debate, but preventing amendment
to the measure, the House acted with
support from both the Republican and
Democratic sides.
Representative Byrns Of Tennessee,
Democratic floor leader, opened with o
statement:
IF this bill Is not passed today,
no one can tel what will happen
tomorrow" ..-
From Representative Smell Of New
YORK. the minority leader. came these
words:
"The house Is burning down and this
Is no time to quibble over details. I am
going TO support the President in this
emergency proposition. hope that no
Republican on this side Of the House
will oppose the unanimous consent
proposal to consider this bill"
Evening star., 1933-03-10

BY the Associated Press.
Here are the emergency banking
bills principal provisions:
TITLE !.
Approves and confirms all previous
proclamat.ons and orders Of Piesi-
dent Roosevelt and Secretary
Woodin.
Invests In President Roosevelt and
makes applicable to peacetime emer-
gencies the tremendous World War
powers of regulation over transac-
tions in credit, currency, gold and
silver, including foreign exchange.
Maximum penalties for violators
are $4,000 fine and 10 years i'm
prisonment.
Empowers the Secretary Of the
Treasury to require delivery at the
Treasury OF all gold and gold Ger
tificates held by anybody in the
country.
Authorizes President Roosevelt,
without invoking the war powers, to
AK restrictions on the banking busi-
ness Of Federal Reserve members.
TITLE II.
Authorizes the controller Of the
currency to appoint q conservator
for any national bank or District Of
Columbia bank whenever he con-
siders 1t necessary to conserve the
banks assets.
Enables the conservator to set
aside for withdrawal by depositors
on q ratable basis such amounts as
the controller says may be used so
safely.
Permits the controller to allow
banks under conservators to receive
new deposits, which would be segre-
gated and subject to withdrawal
without restriction.
Permits the reorganization Of ma
tional banks upon the approval Of
Evening star., 1933-03-10

the President had afixed his signature,
and the first legislation Of the Seventy
third Congress had become law-an act
TO provide relief In the existing ma
tional emergency In banking and for
other purposes"
The House rushed through the bill
with Q tumultous vote Of aye" acting
under q unanimous consent agreement
that permitted no amendments. Its
members did not even use the total Of
40 minutes debate allowed.
In the Senate there was slight de-
lay, and on a roll call seven members
voted against the measure-Borah. Re-
publican Of Idaho; Dale, Republic
an, Of Vermont; Carey, Republic
an, of Wyoming; La Toilette. Re-
publican, of wisconsin; Nye, Republic
an, of North Dakota; Shipstead, Far
mer- -Laborite, Of Minnesota, and Costi-
gan, Democrat. Of Colorado Norbeck,
Of South Dakota, former chairman OF
the Banking Committee, was paired
against.
Long and Glass Clash.
The Senate struck its snag on q
heated interchange between Senators
Long, Democrat, Of Louisiana. and
Glass, Democrat, Of Virginia. When
the former protested the bill would
prove unfair to State banks the fiery
Virainian declared that under 1t banks
representing e4 per cent Of the assets
Of the Federal Reserve system could
reopen within "a hours and "only those
banks which are literally rotten and
ought to have failed long ago will not
be allowed to open"
The debate was precipitated by two
amendments, one by Senator Long to
authorize the President to take State
banks into the Federal Reserve system.
Another by Senator Gore Democrat. Of
Oklahoma, would have made State
banks eligible for associate membership
for two years. Both were rejected
This talk about closing all State
banks Is based upon q total misunder-
standing of the provisions Of this bill"
declared Senator Glass. I'VE do not
close by act or implication a single.
solitary State bank in the United States.
These banks are within the jurisdiction
and under the authority of the re-
spective States and every one may be
opened at daybreak by the authority of
the several States.
Ninety per cent Of the effectiveness
of this measure or any similar piece OF
LEGISLATION Is involved In the admins
tration. Congress Is dealing In an un-
precedented way With an extraordinary
Evening star., 1933-03-10
MRS. NORTON READY
TO PRESS BEER BILL
Leader in House District Commit
tee Glasses Capital Measure With
Emergency Legislation.

Representative Mary T. Norton OF
New Jersey, who expects to continue as
chairman of the House District Com
mittee in the new Congress, announced
today that the committee would con-
slider only legislation of an emergency
nature at the special session.
A bill to legalize the sale Of beer
probably will be one of the measures
considered. Mrs. Norton indicated she
considered beer legislation in the cate
CORY of emergency legislation, because of
the revenue 1t would raise.
A bill to legalize the sale Of sos per
cent beer In the District died in the
last Congress along with the national
beer measuae. It Is expected to be re-
introduced, however, within the next
week.
Evening star., 1933-03-10
PUSHES
SCRIP ISSUE PLAN
Constitutiona|ity of States
Emergency Bank Law
Attacked in Suit.
BY a stan Correspondent Of The Star.

BY stan Correspondent of The Star.
ANNAPOLIS, Nd, March 10.-Mary-
land will continue with its plans to set
up a corporation with power to issue
emergency scrip, the Legislature was
informed today. as group Of State
bankers meeting with Gov. Ritchie an
nounced In Baltimore that action would
be sought to amend the national emer-
gency banking law to aid State banking
institutions.
Meanwhile, the constitutionality Of
the State emergency banking law was
attacked In . suit filed by two de-
positors in Baltimore and the State
banking holiday extended through to-
day by Gov. Ritchie.
Discrimination Charged.
The bankers who met in Baltimore
said President Roosevelt's emergency
banking bill unfairly discriminates
against State banking institutions that
are not members Of the Federal Reserve
system.
Senator Tydings was said by the
bankers to be preparing the amendment
they seek. 1t would empower the Re-
construction Finance Corporation to
invest in bonds or debentures Issued by
State banks rather than in preferred
stock, as the present legislation specifies.
The Baltimore conferees also an
nounced that today or Monday bill
exactly like that adopted In New York
for the creation Of corporation with
authority to issue State wide scrip
would be presented to the Legislature.
Such scrip would consist Of clearing
house certificates secured by the assets
OF participating banks.
Want Legislative Authority.
They said they wanted legislative
authority to proceed with the plan, even
though they are counting on Senator
TydinRs' amendment to make the sys-
TEN unnecessary.
The suit attacking the constitution
ality of the States emergency law was
filed by Attorneys Paul HigginbOthom,
John Holt, L. W. Barrcll and E. H.
Young In behalf Of @. F. Wennagel and
william Pearson.
It asks the court to grant an injunc-
ton against the Baltimore Trust Co.
and State Bank Commissioner John j.
Ghinger forbidding them to pay cut
any money to preferred depositors under
the new State banking law, specifically
preventing the mayor and City Council
Of Baltimore from withdrawing $1,000
600 from the Baltimore Trust Co. and
forbidding any other banking tnstitu-
tions having funds on deposit there
from Withdrawing those funds.
Act Is Declared Void.
In the petition the new banking act
Is said to be void under the Constitu-
ton of the United States because it
violates contracts and because 1t con-
fiscates private property without due
process Of law. 1t Is said to be void
under the Maryland constitution be-
cause it increases the powers Of State
ofiicer under an emergency law and also
because it confiscates private property
without due process Of law.
It b understood that similar suits
are being prepared against other banks
Judge Eugene o'Dunne refused the
request of the attorneys to sign an in
junction preventing the banks immedi-
ately from paying out money under the
new banking act. He signed instead an
order for the commissioner and the
bank to show cause within three days
why the injunction should not be
granted.
Evening star., 1933-03-10
TROOPS OCCUPY NEUNKIRCHEN.
Organization Of Hunger March Re-
ported. No Serious ClasheS

VIENNA, March 10 P).-Federal
troops and gendarmes occupied Neun-
kircnen, near the industrial center OF
Wiener Neustadt. this morning after q
report that unemployed were organizing
a hunger march from Ternitz.
Machine guns and barbed wire were
placed across the highways.
Up until ! pm, however, no serious
clashes were reported. A group of
1900 marchers was easily dispersed.
The Dollfuss government, with the
army modified and police in possession
Of all Socialist meeting places in Vienna,
has won the unconditional Endorsement
of at least one party for its dictatorial
methods Of the past few days.
The Christian Social party, to which
Premier Engelbert Dollfuss belongs,
issued communique through its Cen
trail Committee today emphaticslly and
unanimously backing the drastic ac-
tions of his cabinet.
(The suspended Parliament, elected
in November. 1880, comprises 66 Chris
tian Socialists, u Socialists, 3 National
Socialists and 10 Of the Economic Hloc
However, the Nazis, who have acclaimed
Chancellor Hitler Of Germany as their
chief and who demand union with Ger
many. have made big gains In recent
provincial elections and now demand a
new Parliament election) *
The Socialists seem for the moment
cowed. Police reported this morning
that there were no attempts rs yet to
resist the police and military.
Evening star., 1933-03-10
BEATING OF JEWS REPORTED.
Sackett Protests Treatment ef Seven
American Citizens.
BY NEGLEY FARSON,

BY NEGLEY FARSON.
By Gable to The Star.
LONDON. England March l0.-A
widespread campaign Of Jew-beating Is
going on in Germany, according to re-
ports Of British newspaper men. who
have made flying trips to Berlin to see
for themselves what Is going on behind
the screen of official censorship.
Bands of Nazis have apparently got
completely out of hand and have SEEM
ingly been given q free hand to beat
Jews unoficially as much as they like.
The Manchester Guardian carries q
beaten up openly in the main streets
Of Berlin yesterday, with the police do
ing nothing but to pick up the most
seriously injured after 1t was all over
and convey them to the hospital.
This, correspondent had just been
talking to highly distinguished British
journalist just returned from Germany,
who says that the police there seem too
terrified of their jobs to interfere with
young Na1i hooligans.
Americans Reported Beaten.
When seven American citizens have
already been reported to have been
beaten by Nazis, it needs little imagina-
ton to estimate how many German
Jews have been attacked throughout the
nation, 1t is concluded by students Of
the situation here.
The Berlin correspondent Of the Lon
don Daily Herald declares the Naxis
actually have gone In for torture on q
grand scale Of petty Jews and says that
the worst part is that these Jew-haters
are young Nazis from whose ranks are
recruited Berlin's auxiliary police
Yesterday, says the Manchester
Guardian, q detachment Of NaI storm
troops marched into the Kadewe, the
biggest department store in Berlin's
west end. shouting. Germans! Don't
buy from the Jews!" Panic is said
to have resulted inside the shop, Gus
toners rushing to escape-during all Of
which the police stood by doing nothing
Similar scenes took place at the Ros-
enheims and the Tietz big department
stores, at the Karstaats and in front
Of several Woolworth stores.
American Ambassador Frederic M.
Sackett in Berlin has already made an
official protest against the beating of
seven American citizens. It Is being
asked in London If President Roosevelt,
upon the appointment Of q new Am
bassador, will make any mention point
ing out the German governments obli-
cation to protect American lives and
property. What German Chancellor
Adolf Hitler thinks about all this IS
not known here, Is 70 far he has taken
no steps nor said anything to stop it.
toopyright. 193S)
Evening star., 1933-03-10
Women Voters to Meet.

VIRGINIA HIGHLANDS, Va, March
10 Especially The Organized, Women
Voters Of Arlington County VIII hold
their monthly luncheon meeting ct
1880 o'clock "wednesday IN the Jener-
son Community Hall. II luncheon
will be served by the LadieS Auxiliary
Of the Jefferson Fire Department.
Evening star., 1933-03-10

New interest Is being added to the
game of checkers In England by using
men, with different numbered values,
th6 winning OF the game being decided
By the total value Of the men remaining
en the board.
Evening star., 1933-03-10
GAS CURES SORE TOOTH
Dentists Patient Fells Woman and
Breaks Leg m Fall.

John Houghton, Lyndhurst. N. j.,
went to his dentist to have tooth
pulled Under the influence Of gas,
which the dentists wife administered.
he knocked her sprawling, tripped up
the dentist and fell to the floor with
the gas tank on top Of him.
Recovering consciousness. he found
his leg was broken. His sore tooth had
stopped hurting.
Evening star., 1933-03-10
The New Law in Brief
Wartime Powers Over Transactions in Credit
Currency, Gold and Silver Are Given
President Roosevelt.

the controller. and, rs the case may
be, either Of depositors Of rs per cent
Of total deposits or holders of two
thirds of the outstanding capital
stock, or both.
TITLE III.
Provides for the issuance Of pre-
ferred stock by national banks and
for the purchase Of preferred stock
Of national banks and of State banks.
and for loans upon the security Of
such stock by the Reconstruction
Finance Corporation, whenever the
Secretary Of the Treasury, with the
approval Of the President, considers
it necessary to supply funds for the
organization Or reorganization Of
such banks.
TITLE Nv.
Authorizes the issuance of Federal
Reserve Bank notes 'redeemable in
lawful money Of the United States"
They would be issued to the value
Of 100 per cent Of Government obli-
cations deposited Is security. and to
the value of 80 per cent of the notes,
drafts. bills Of exchange and bankers
acceptances deposited as security.
Permits Federal Reserve Banks to
make bank note advances to mem
Der banks on time or demand notes
secured to the satisfaction Of the
Reserve bank but not ordinarily ell
gible. This section has q maximum
time limit Of March 3, 1898.
Authorizes Federal Reserve Banks
to make s0-day bank note advances
to any individual. partnership or
corporation on promissory notes Sc
cured by Federal obligations.
TITLE v.
Appropriates 100000 for ex-
penses In carrying out the act.
Evening star., 1933-03-10
AUSTRIAN TROOPS
CALLED IN CRISIS;
GERMANY IS TENSE
Continued From First Pase.)

Continued From First Page.)
Waldemar Pabst, one OF the oldest
aides of the German National Socialist
chancellor, Adolf Hitler, is coming to
Vienna to help prepare a NaA putsch,
and that DR.. Paul Joseph Goebbels,
Hitler's fiercest orator, plans to ar
rive here for a propaganda campaign.
Copyright. 1881
Evening star., 1933-03-10
FURNISHINGS

70 Prs. Hose-Famous nationally
known make and other fine
quality makes, in woods and
plaid patterns. Were UP TO
IL. NOW. ~Ve
70 Prs. GIoves-Fleece lined and
black kid. all perfect. Were
UP to $500. Now. ........S see
ITO es-Discontinued. patterns
all perfect. all handmade.
Were up to Sl.5o. Now. zoe
os shirts-rine quality madras.
discontinued patterns, in col
lar-attached styles; all per
feet. Were up to $500.
NOW .SOe
IL P.tamas Discontinued
styles. very fne quality
broadcloth. Were $3.50.
NOW SI'V0
7 Pajamas Faultless No Belt
style. perfects; discontinued
pattern. Were $500 Now TIC
q Mufner-very fne quality. all
wool, perfect. Were $3.50.
s6 Prs. Fur and Wool Lined
ity skins; Al perfect. Were 40
6 Leather Jackets McGregor
and other fne makes. Zip
per and button styles,
broken lots; all perfect.
Were UP to $3.50. Now. .$4.oo
S3 Handkerchiefs - Very. fine
quality imported and do
mestic fabrics. in silk. linen
and cotton. white and col
ored borders; all perfect.
Were UP to 81. Now. .1ee
Evening star., 1933-03-10

Every item must be sold! Please note that
assortments are broken; quantities limited; they
won't last long at these below cost" prices!
Evening star., 1933-12-18
For solution see page A-12.
Plants Tree on Burns Farm.

Sir Harry Lauder recently planted ar
oak tree on the land near Dumfries
Scotland, once farmed by Robert Burns.
Evening star., 1933-12-18
VIOLINIST MARRIES
IN DOUBLE CEREMONY
Herbert Sokolove Went to Balti
more With Fiancee to Attend
Brothers Wedding,

Accompanied by his fiancee, Herbert
Sokolove, 26-year-old violinist of the
National Symphony Orchestra, went to
Baltimore yesterday to act as best man
ht the wedding of his brother Theodore,
D scenic artist. and decided to make 1t
D double wedding. Then he played the
violin at two other weddings and hur-
fied back to Washington with his bride,
the former Miss Rose Park, young
eecretary to the r. F. G. and daughter
pf Mr.. and Mrs. Lewis Park, Ballston,
Va
As Theodore Sokolove and Miss Leona
Goldberg were about to be married at
the home of friend, every one was
Ready but the best man. Brother Her
bert was scurrying around Baltimore
IN search of a wedding ring and re-
turned breathless in time to engage two
best men and make 1t a double wedding.
After the ceremony brother Theodore
end his bride took a train for Niagara
Falls, while the Herbert Sokoloves went
70 the other two weddings, returning to
Washington late last night to live in
kokolove'S apartment at 1910 Twen-
tieth street.
Mr.. Sokolove is a former student of
fhe Peabody Conservatory of Music.
Fhere he Won a three-year scholarship
and later won a contest which gave
hlm the honor of being soloist at the
baltimore Symphony Orchestra's Spring
concert in 1927.