davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1936-10-10

consequent entrance into the bank ing field of inexperienced would-be bankers.
 To my mind the elimination of these two causes for bank failures was accomplished solely by the de- termination of proper admins trative policy, and the sticking to it.. It is the policy of the comp troller's offlce not to grant charters for national banks except where economic necessity is apparent. The record of new state bank charters would indicate that state banking commissioners are taking the same attitude.
 It is a safe and sane policy te pursue, policy that will contrib. ute much to a more safe, sound banking structure in the hands oi experienced bankers.
The Waterbury Democrat., 1936-10-10
Investments Safeguarded

A word about investment securi- ties. The attitude of this office has always been toward a conservative policy by bankers in the matter oi such investments, realizing just how important this is from the standpoint of a sensible investment of funds entrusted to banks by de- positors.
 Recent issuance of new and
The Waterbury Democrat., 1936-10-10
BOTH SIDES
 of inc CAMPAIGN.
BY J. E. T. O'CONNOR

The need safeguarding nwnafent during for t in that % cent of the nations banks 111 in Der, suspended operations esf5Sssf Ys
 tese banks resulted in eup of some five and onehaR
The Waterbury Democrat., 1936-10-10

T0087 0T
 i'm might saved of these banks from insolvency, gone ss
The Waterbury Democrat., 1936-10-10


 badly over banked condition over the country, brought about by 2 reckless and uncalculatnig issuance Of charters, which led to establish ment of many banks which were not needed and which were doomed to failure from the start.
 Second, and largely because oi the ease with which charters were obtained, was the entrance into the banking field of individuals totally inexperienced in this. highly special ized profession.
 Third, the wholesale granting ot loans based on inflated values.
 Fourth, 8 prevailing spirit of spec lilation which led to the sacrifice ot safety for high yield in the purchase of investment securities.
 These are the main factors and all are inseparably linked insofar as the huge disintegration of banks over this 12-year period is con- ceFned.
The Waterbury Democrat., 1936-10-10
New Program Necessary

which were found solvent, it fol- lowed that confidence in the banks had to be restored. The mere physi- cal act of closing the banks by declaration of g banking holiday was not sufficient to. nor did 1t, re- store that confidence.
 The people were looking for de- finite program from the new ad- ministration and that program was forthcoming. It IS necessary to re- view only briefly some of the pro- visions of the Banking Act of 1883, which quickly restored to the peo- pie of the nation confidence in their banks, and almost entirely banished bank failures over the country.
 Most important of its provisions was the formation, or creation, of the Federal Deposit Insurance cor- poration, through which deposits of banks, on a specified basis. were in- Sured.
 Another provision broadened pow CTS of the Federal Reserve Banks to enable the making of loans to mem- ber banks on securities, mortgages, and other sound assets, which prior thereto had been ineligible for dis count.
 Still another provision empowered banks to issue preferred stock. notes and debentures, and granted au- thority to the Reconstruction FL nance corporation to purchase the same. Here, then, are three ilil- portant contributions to the pro- gram of safer banking:
 First, insurance of deposits.
 second, wider latitude on loans to member banks by the Federal Reserve banks.
 { ' Third, the right by banks to is- sue preferred stock, notes, and de- bentures, and the purchase thereof by the Reconstruction Finance cor- poration, which made possible the repair of capital structures of those banks which were in need of 1t.
 Break. Frozen Loan Jam
 The program did not stop here The banks were still loaded with CnOuSanuS OI 1FOzeu ll0uSCElals AEr1- cultural, and home loans. Relief from this situation was necessary to both banks and borrowers.
 The federal government met this by broadening powers of the Farm Credit program and the Home Own- CTS Loan Corporation, and granting new powers to the Federal Reserve banks and to the Reconstruction Finance Corporation to make loans to private industry. 'F z
 In short. the plan was to liQuefy the banks by the simple expedient of extending and expanding the lending agencies of the government % the banks might be relieved oi these thousands of frozen loans.
 The great benefits Of this pro- gram, to both the banks and the people, are too well recognized tc. euQllire comment here.
 2 Get me refer back to the state. nonk made about . badly over banked condition brought on by is. s,iance of charters without regard to the need for new banks with the
The Waterbury Democrat., 1936-10-10
Lose Confidence in Banks

The climax was reached In the closing days of the previous admin istration, namely, in January and February, 1893. By that time the peoples confidence in the banks had reached such low ebb that the ex- tremely heavy withdrawals of de- positS for hoaridng purposes threat ened the entire banking structure of the nation.
 Conditions became so acute in a number of states as to neceSSitate prompt action and several governors declared holidays to avoid complete collapse.
 This was the situation which faced the new administration on March 1, 1883. One of the first acts of President Roosevelt was the clos- ing by proclamation of all banks of the nation under what has become known as the Banking Holiday of March, 1933."
 The reason for this constructive move becomes more apparent when 1t t understood that during this period of the banking holiday an exhaustive check was made of the condition of each bank and only those found to be solvent were per- mitted to reopen.
 Thus, at one stroke, and within the short period of 10 days; was acc complished Q weeding out of all in- solvent banks, a process which heretofore had been going on in- teginittently for 12 years.
 This was the first step in the pro- gram of rehabilitation of the bank ing structure. Had 1t stopped at this point no lasting good would have been accomplished.
The Waterbury Democrat., 1936-10-10

Noticel Look out, Senator Jc- seph H Lawler and Prosecutor
The Waterbury Democrat., 1936-10-10
Daily Statistics | On Auto Accidents

As of, Friday, October 9th.
 Ia2S lA2R
The Waterbury Democrat., 1936-10-10

Delavan w. Ives has been chos- en chairman of the board of se- lectmen of the borough of Wal lingford. The selection of the popular democrat was unanimous.
Evening star., 1936-09-25

II you hoven't seen "Krihnmer Grey,", you
hoven't seen yourself looking your very best!
The soft oreyed mixtures or plain types ore
just the right foil for brilliant Iipstick, bright
eyes. To moke sure you'll get your Krimmer
Grey coat with your pet grey fur, we've had
them mode with different furs-Ione -hoired
and fot. Distinctive, like all Lonsbureh's hand.
picked coots! Misses or wonnen's sizes. -
Evening star., 1936-06-26
Scalding of Dog
Case Dismissed;
Evidence Lacking
Witness Says He Sa,c Hot
Water ThrO,Un, But
Not ThrOiUer.

Charges of cruelty to animals
brought against Thomas Earl Car
penter, 1921 Elliot place, as a result
of the scalding of an 8-month-old
chow dog, Shinn, belonging to Mar
garet McCrae, 13-year -old school girl,
were dismissed in Police Court today
for lack Of direct evidence that Car
penter threw hot water on the dog, as
had been charged.
The school girl, who lives at 4578
Conduit road. brought her dog into
court and he was paraded on the
counsel table to show a large injury
on his back, said to be the result Of
the scalding. The charges against
Carpenter were brought by the girl
and by George Wech and Robert Pop
lar Of the Washington Humane So
ciety.
Harry Kinder, 1925 Elliot street,
next-door neighbor of Carpenter, tes-
titled that on June 4, the day of the
alleged attack on the dog, he was on
the porch Of his home at about 6 am.
and saw Shinn on Carpenters porch.
He said that he saw q shower Of water
come out the door and hit the dog,
which screamed and ran, biting at its
fur. He said he did not see any one
throw the water.
The case was dismissed on motion
of r. Edward O'Connell, attorney for
Carpenter. 4
Evening star., 1936-06-26
% FAIRGROUNDS
WITHOUT MISHAPS
May Record Brings Praise Of
Civic Standards Con.
%ac<c

Praising the effect of the civic
standards contests among children Of
supervised play areas, officials of the
District Playground Department to-
day reported there we're no accidents
on % of the 38 grounds in operation
in May.
Further, they said, there were no
traffic accidents in the immediate vi
cinity of any playground during May.
1T is significant that the number
Of accidents on or near Fairgrounds
is negligible because of the WELL
worked out standards campaign for
order, safety and progress" said Miss
Sibyl Baker, playground supervisor.
Children of the Burroughs and Lo.
gan grounds won first place in the
contest for white and colored groups
for May. Second places went to the
Virginia avenue and Rose Park
grounds and third places to Twin
Oaks and Payne grounds. Banners
were awarded yesterday to the groups
by the American Automobile Associa-
ton, which sponsors the campaign.
Each playground has a patrol ap-
pointed as guardians of safety for
their group. There are from S to 20
members besides captain and lieu-
tenant. Leaders usually are grad
yates" Of the schoolboy patrol.
Evening star., 1936-06-26

Name Is Changed
To End Confusion

The Supreme Court Of the District
of Columbia passed out of official ex-
istence at pm. yesterday and the
District Court of the, United Statae
for the District Of Columbia openeo
its doors for the first time at o'clock
this morning, identical in all but name
with the old tribunal
President Roosevelt yesterday signed
the bill providing for the changed des-
ignation and the Department of State
notified Chief Justice Alfred A. Wheat
that the change would be effective
this morning.
Sponsored by the Department Of
Justice, the bill was designed to elim-
mate the confusion which had existed
because both the District and the
United State Supreme Courts were To-
Gated here. The change also was
aimed at bringing the local court in
line with the terminology applied in
other Federal jurisdictions.
Acting Clerk of the Court Charles
B. Coffin said he has all necessary new
stamps but has not yet received new
oficial seal, although 1t has been or
dered. 4
Evening star., 1936-06-26
Son of Col. Crane of Fort Myer
Married to Egyptian Princess

They described their daughter-iu-
law, whom they had known well, rs
a vivacious brunette and an accom-
plished linguist, whose interests lie
chiefly in outdoor activities.
She is the daughter Of Princess
Rukrey Hahn, who was q first cousin
of the late King Fuad.
The couple are now on an extensive
honeymoon tour in the north of Eu-
rope, and probably will not come to
the United States to establish their
residence for some months.
The bride and groom first met
while the latter was visiting his par
euts in Istanbul. Both are interested
in horses and spent much time TO-
gether at the Jockey Club there.
Crane was born in the Philippines
and attended st. James Preparatory
School near Hagerstown, Nd, and the
University of Virginia.
Col. and Mrs. Crane said they were
Every happy about it and very glad
to be back at Fo Myer."
Evening star., 1936-06-26

A romance between the son of a
Fort Myer Army officer and an Egyp-
tian royal princess has eliminated in
the marriage at Istanbul of Alden
McKim Crane of Baltimore and Prin-
cess Enineh Rukrey Hahn. relative
Of the late King Fuad of Egypt.
This was announced here yesterday
by Col. j. A. Crane, commanding the
18th Field Artillery at Fort Myer, who
has Just returned after serving four
years as American military attache
in Turkey.
He said his son met the bride while
visiting his parents in Istanbul. they
having BEEN attracted to each other
by their mutual interest in horseback
riding. Young Crane, who Is a free
lance writer, is 26, the same age as
the princess.
The marriage ceremony was per-
formed on June 8, two days after Col.
and Mrs. Crane had sailed for the
United States. q
Evening star., 1936-06-26
z|ONCHECK CASE
HERE IS CANCELLED
Lunacy Hearing Dismissed
as Representative Goes
to Hospital.

District Court today wrote "finis"
across the lunacy case of Represent
ative Marion A. Zioncheck, who now
has passed beyond its jurisdiction and
is undergoing mental treatment in the
Sheppard and Enoch Pratt Hospital
at Towson, a suburb of Baltimore
Today was the date for the sched-
uled lunacy hearing for zioncheck,
but at the request of his wife and
sister, he was forcibly taken from the
Gallinger Hospital psychopathic ward,
where he had been held for three
weeks, and transferred to the Mary
land institution.
Transfer Approved.
The transfer had the approval Of
Justice Daniel w. ODonoghue and
the District Commissioners, who last
Friday filed the petition for a lunacy
hearing before jury here.
This petition was dismissed today
on motion of the Commissioners, and
the rule to show cause why Zion
check should not be adjudged insane.
issued week ago by Justice Oscar r.
Luhring, was discharged.
Assistant Corporation Counsel T.
Gillespie Walsh, who handles District
lunacy matters, had explained to the
court that Zioncheck would be kept
in custody until he was cured at the
Maryland institution, and that it was
unnecessary for him to be committed
to st. Elizabeth's Hospital here.
Order of Court.
The courts final order stated:
"On motion of counsel for the
petitioners and it appearing to the
satisfaction of the court that the
representations of Mrs. Rubye Nix
Zioncheck, wife of the respondent,
and Mrs. Anna Nadeau, sister of the
respondent, made through their at
torney, Max H. zimmerman, have been
accomplished and fulfilled, and that
the respondent, Marion A. zioncheck,
has been admitted to the Sheppard
and Enoch Pratt Hospital, Towson,
Md. where he is now patient and
receiving care and treatment for his
mental condition.
1T is by the court this 26th day of
June, AID. 1886, ordered that the
rule to show cause, heretofore issued
herein, be, and the same is, hereby
and the petition hereto
fore filed herein dismissed"
The Commissioners petition had
stated their belief that Zioncheck was
of the unsound mind and dangerous
to be at large.
Evening star., 1936-06-26
GAS-RATE HEARINGS
START IN AUGUST

Public hearings on the new rates of
Washington and Georgetown Gas Light
Co.'S, under the terms of its sliding
scale plan for annual adjustment Of
its charges, probably will be started be-
fore the Public Utilities Commission on
or about August 10.
The new rates will go into effect Sep
tember l and will be adjusted in ac-
cordance with financial findings on
conditions prevailing June 80.
Peoples Counsel William A. Roberts
and John Bruton, of the law firm Of
Sullivan g. Cromwell, of New York,
which represents the companies, both
yesterday asked the commission to start
the hearings not later than August 10.
Decision was reserved to await the re-
turn to work of Riley E. Elgen, COM
mission chairman, who has been Ill for
ssveral days. =
Evening star., 1936-06-26
Court Dismses Suit Give Veterans Work Relief Preference
"NOn,inatOrs" Call
ToRaUy VIII Blare
From, Sound Truck
Police Sanction Use of
Vehicle to Advertise
Session Here.

A sound truck equipped with loud
speakers-a vehicle ordinarily out
lawed by police-will be used by the
Democrats tomorrow to round up sup
porters for the Roosevelt rally in
Griffith Stadium.
Sanction In the form of a permit
has been given by the Police Depart
ment to use the truck and, despite
reports to the contrary, Republicans
have made no official protest.
This form of political advertising
is something new for the District,
but it is frequently resorted to in
other parts of the country.
1T will give the people here a
taste of big-time politics." one DEM
ocrat explained.
Sound trucks are banned for COM
mercial purposes, but they have been
used in parades here, police pointed
out.
1t is planned to have the truck
tour the city with an announcer
sounding praises of the Democratic
party and urging loyal supporters to
turn out for the rally or tune in on
their radio for the Presidents address.
Evening star., 1936-06-26
TWO SCHOOL Jobs
ARE TO Be FILLED
Miss Backus Leaves Field
to Holmes and
HaW0rth.

Washington school-teachers, pleased
by the selection Wednesday of Robert
L. Haycock as the new first assistant
superintendent of schools, were hope
full they will know the two new assist
ant superintendents before nightfall.
The Board of Education planned to
meet Immediately after the Personnel
Committee concludes session begin
ming at 3 pm. at the Franklin ad-
ministration building. Just how early
they would be able to act, the mem
bers would not estimate.
Announcement yesterday that Miss
BERTHE Backus, who has been assistant
superintendent in charge of character
education two years, does not desire
to continue as an assistant superin-
tendent. simplifled the task ahead Of
the Personnel Committee and DR..
Frank w. Ballou, superintendent.
Interest in Miss Backus.
When it became known that Con-
gress had failed to appropriate funds
to continue the experiment, inquiries
were made at once as to the fate of
Miss BackuS. 1t was believed at first
she would be chosen either to succeed
the late Dr. Stephen E. Kramer as
first assistant, or for the new position
as assistant in charge of junior high
and vocational schools.
DR.. Ballou, after the selection Of
Haycock, announced that Miss Backus
would be retained in the service. Yes
terday she wrote him that she had no
desire to be an assistant superintend-
ent and would prefer to return to Alice
Deal Junior High School as principal,
the post she held two years ago. She
said Mrs. NJ r. Merritt, her successor,
was sympathetic to her position and
indicated a willingness to accept q
transfer to some other post.
Elimination of Miss Backus as a
possible candidate for assistant super
intendent apparently left the field
open for Chester w. Holmes, princi-
pal of Anacostia Junior-Senior High
School, and DR.. Ellis Haworth, head
of the science department of the high
schools, to take the two jobs.
Considerable Backing.
Both have received considerable
backing and are generally believed to
be favored for the positions, although
no person in official position would
comment one way or another.
Others, however, are known to be
under consideration. DR.. Harold E.
Warner, principal of Hine Junior High
School; Francis A. Woodward, prin-
cipal of Gordon Junior High School,
and others have been indorsed in COM
munications either to the Board of
Education or to DR.. Ballou.
When the Personnel Committee
meets later today, transfer of teachers
assigned to character education work
also will be taken up. DR.. Ballou has
announced, and the board has ap-
proved, a plan to retain all such
teachers who were taken from regular
teaching positions during the time the
work was carried on.
Some 80 individuals, most of them
clerks, were notified yesterday that
they cannot be retained after June 80.
Evening star., 1936-06-26
RULING Of COURT
VIEWED VICTORY
BY W.P. A. HEADS
Feared Injunction Here
Might Have Tied Up
National Program.
DECISION IS GUIDED
BY CIRCUIT COURT
Justice Gordon Cites Absence Of
Legislation in Regard
to Soldiers.

Following the lead of the Third Cir
cult Court of Appeals in Philadelphia,
Justice Peyton Gordon of District
Court today dismissed an injunction
suit pending here for several months
which sought to compel the Govern
ment to give war veterans, their wives
and widows preference on all work re-
lief projects.
Works Progress Administration Off.
cials viewed the dismissal of the Dis
trict case as a signal victory since an
injunction here might have tied up
the work relief program on a national
scale.
A considerable scare was given the
w. P. A. some months ago when Fed
eral Judge George Welsh of Phila-
delphia granted an Injunction to Ben
jamin j. Spang upholding the prefer
ence for veterans SO far as the Phila-
delphia Business Census Project was
concerned.
Sought Census Takers Job.
Spang, who at that time also had
instituted the District suit, had sought
a job as a census taker in Philadel-
phia.
On June 2, however, the Circuit
Court of Appeals reversed Judge
Welsh's ruling dissolving the injunc-
tion.
BY bringing a similar action here,
the injunction proceedings were made
national in character, threatening Sc
riously the administrations plans for
transferring persons on direct relief
rolls to work projects.
The case was argued before Justice
Gordon, who has had it under ad-
visement for some time.
His ruling was given in brief mem
orandum in which he simply stated
he would be guided by the Circuit
Courts decision.
Decision of Burlington.
That decision, given by Judge Jo-
seph Burlington, was to the effect that
Congress considered giving war vet
erans preference and rejected the idea,
and that it was not for the court to
nullify legislative wishes.
For this court to hold that the sol-
diers' preference applies to the bnsi-
ness census act of 1885 would be to fly
directly in the face of what Congress
meant and stated when the act was
passed" Judge Burlington declared.
1T is for Congress to legislate in that
regard and not for the courts to nullify
what Congress plainly stated and en-
acted"
Evening star., 1936-06-26
SILVER SPRING PLANS
NOMINATION PROGRAM
Rally and Dance at Armory Ar
ranged by Young Demo-
cratic Clubs.
Ry . STAIR CORRESPONDENT OF Tne Star.

BY staf Correspondent OF rne Star.
SILVER SPRING, Md, June 90
President Roosevelt's nomination for
President by the National Convention
in Philadelphia will be celebrated by
Montgomery County Democrats at
rally to be held in the Silver Spring
Amory tomorrow night at $50 o'clock.
The celebration is to be featured by
the broadcast of President Roosevelt's
acceptance speech from Franklin
Field, in Philadelphia and dancing will
continue until 1880 am. after the
broadcast Is concluded.
The Young Mems and the Women's
Democratic Clubs of Silver Spring are
handling arrangements for the event
with Mrs. Townley Gamble, president
Of the women's group, as general chair
man.