Chester Times, February 14, 1933

Chester Times

February 14, 1933

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Issue date: Tuesday, February 14, 1933

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Chester Times (Newspaper) - February 14, 1933, Chester, Pennsylvania DAILY AVERAGE NET PAID CIRCULATION i OH SIX MONTHS ENDING SEPTEMBER 20,108 FINAL EDITION ★ ★ ★ + With All Latest and Best News of the Day 57TH YEAR—NO. 17,516. Da!Iv leased Wire Report- of United Press (UP* and Internationa! News Service iINSt CHESTER, PA., TUESDAY, FEHRUARY ll. PRICE, TWO CENTS HITLER MAY WED FRAU WAGNER GOLI) STANDARD las! IN N. Y. SPEECH President ( alls for Co-operation in Drive to Stabilize Currency Says World Should Be Freed From the Sore Burden of Armaments WASHINGTON, Feb. 14— GNS)— A call for cooperation in a drive to stabilize currencies as the only way to avoid economic ruin. stood as the final public utterance of President Hoover to the American people today. Speaking as the nead of his party, the man whose administration coined the phrase “prosperity is just around the corner" warned an economic war impends “which threatens to engulf the world." Addressing the Lincoln Day conclave of the National Republican Club in New York, he told his colleagues to forget political affiliations and pull A ith the Democratic regime in every constructive remedy. Mr. Hoover expressed confidence the Republicans would be returned to power, but added the present was no time to think of political advantage. The p'’dress sounded the basic note that W' o currencies must be stabilized tnrough return to and maintenance of some sort of a gold standard. Mr. Hoover recommended at the same time an endeavor to find a place for silver in enlarged subsidiary coinage, but with gold the basic standard. President Hoover said in part: “It is a pleasure for me to address you upon the day when this club and our countrymen of all faiths throughout the land are paying tribute to the memory of Abraham Lincoln, We tonight also play tribute to him as founder of the Republican party and the inspirer of its ideals. He, more than any other man. created the living, virile organization which has given responsible interpretation of those ideals to our people in each succeeding generation. An organization that can show more than 15,000.000 adherents after 70 years is indeed testimony to the virility of the principles which Lincoln enunciated. “Those principles, the fiber and the determination of the party assure that it will be recalled to power by the American people. “The people determined the election. Those of us who believe in the most basic principle insisted upon by Abraham Lincoln—the transcendent importance of popular government— have no complaint.. We accept and, as Americans, will continue whole-heartedly to do our part in promoting the well-being of the country. Our party ran truly* feel that we have held the faith; that we shall do so in the future is our solemn responsibility. “The Republican party will sup- Continued on Last Page CHILA HANK BANDITS SCARED BY SHOTS A gang of armed bandits that attempted to hold up a branch of the Sixth National Bank in Philadelphia, shortly before noon today were frightened off when a guard on the balcony opened fire. The gunmen fled without a cent, according to officials of the bank. At least three bandits, brandishing guns, stepped briskly into the Passyunk avenue branch of the institution. They issued curt commands for clerks and customers to throw up their hands. The guard, whose name was not immediately learned, opened fire from the balcony overhead. One of the bandits paused to return the charge. He soon joined his companions as they fred from the building. The gunmen leaped into a car parked nearby and sped away. PRESIDENT HOOVER RETURNS WASHINGTON, Feb. 4—(UP) — President Hoover returned to the White House from New York shortly after 7 a. rn. today. CLOSING ORDER IS MADE SOFTER Governor, After Declaring Moratorium for Week, “Interprets” It Fifty Institutions Later Open; Acted to Save “Toppling” HOW SCHAAFF FATAL    POLICE START ON LINDBERGH COLORED GROUP INJURIES WERE RECEIVED ' ;    ,    FRIEND KIDNAPED I, , 'V , L TRAIL OF DENVER    —.    * ASR DOUGLASS Romantic rumors connect the names of Frau Winifred Wagner (pictured here), the English-born widow of Richard Wagner's son, and Germany's bachelor chancellor— Adolf Hitler. They have been friends for years and were seen together at the ceremony commemorating the fiftieth anniversary of Wagner’s death at Leipzig. Frau Wagner has two sons, and at her husband's death in IDSO i: was found he had appointed her to carry on the work of the music festival at Bayreuth. Hitler was a friend of her husband, Siegfried. and Nazi storm troops marched in the funeral procession for the son of the great composer. LEAGUE REJECTS MANCHURIA PLAN Committee Turns Down J a p a n \s Conciliatory Proposals GENEVA. Feb. 14—(UP) — The League of Nations believes it is useless to consider thor conciliation proposals from Japan on the Manchurian dispute, me Japanese were advised today. The Assembly’s Committee of 19 on Manchuria met secretly and considered the reply of Yosuke Mat-suokv Japanese delegate, refusing to consider returning Manchuria to Chinese soveregnty. The committee then wrote to Matsuoka, saying that in view of the Japanese reply, the further suggestions proposed by Japan could not be considered. HORSES WITHDRAWN FROM RACES TODAY (ID United Press) AT AGUA ( ALIEN TF I—Johnnie IL. ( ampL’lo, Kunire, San Ramon, Don Face, Quick Indian. -—Willow Bramble, Bebe, Ran way, I’husy, Jack IV, Bob Blackburn. '•—spindle, banty Boy, Irish Spree, B!ack Hair, I—Terror, Fuss Budget, Ah Dog hah, Afridi, Paul llirtenstein, Master Durbar, Tienette. r—i None). ti—(None!. 7—Lower Ten, Plain ( lothes, lair Mole. Sinner, Plum Shot, Pur/ana. Weather, clear; track, fast. AT FAIR GROUNDS 1—(None), 2—( None), 3— i None). 4—Ruth Carolyn. 5— i None). B— I None), 7—< None), 8—Winnie Jo, Deserve. 9— .Off). Weather, clear; track, fa. TORIO. Feb. 14 (Copyright, 1933, by the United Press)- Japan will j order occupation of Jehol Province by her Manchurian army soon, despite world opinion, it appeared certain today in the face of a prospect of unified Chinese resistance. Possibility that the green-clad in-. fantrymsn of the Imperial Jaoanese army would push on beyond the Great Wall to occupy the cities of Tientsin and Peiping could not be ignored. Developments at Peiping and Nanking, and the statement of acting Chinese Premier T. V. Soong that any attack on Jehol would encounter the united resistance of all China, indi- Continucd on Page Ten MANY SLEDDERS GO TO HOSPITAL Some City and County Victims of (rashes Have Narrow Escapes Many sledding enthusiasts were injured yesterday on the streets of the city and on hills in the county, requiring hospital treatment. Some persons also were hurt in falls. Of the more serious accidents, Henry Dudley, of 245 East Fourth street, slipped on the icy covered pavement near his home and in falling landed on his right .shoulder., causing a fracture of the shoulder blade He was taken to the Chester Hospital by friends, where the shoulder was set in place. Edith Jones, 14 years old, of Boothwyn, was brought into the hospital about 9.30 p. rn. last night. She was treated for a severe contusion of the, shoulder and minor lacerations of the arm, sustained when her sled hit a tree while coasting on a hill in jack of her home. * Caroline Secula. 17 years old of 101 Highland avenue, was also hurt while C ontinued on Page Ten DETROIT, Feb. 14 - Governor William A Comstock today, after issuing a formal proclamation declaring a seven-day bank holiday throughout Michigan. Issued an interpretative ruling designed to soften somewhat the effect of his proclamation The Governor's interpretative ruling said his earlier edict, calling for the closing of the State’s 500 banks and trust companies for eight days, beginning todav, was “a permissive” proclamation, and not a mandatory order. Banks may reopen “to whatever extent seems wise," the Governor said in his interpretative ruling. “I expect that some of the banks will work out a plan for taking care of small payrolls and checks within a day or two.” in accordance with this ruling the Upper Peninsula's 50 banks opened for business, relieving the pressure on the northern part of the State. Virtually all banks in the Lower Peninsula remained closed, however. Wielding the power of a dictator, ti governor, to save the State from financial chaos, tied up approx-! imately $1,200,000,000 by his proclamation. It was a choice, he declared, between closing all banks or allowing one of Detroit’s largest financial institutions to fall. “Then.” he said, “ we might have seen banks toppling like dominoes.” The week's legal holiday, which amounts to a banking moratorium seven business days, was declared early today after all night conferences between Governor William A Comstock, state and city banking authorities. Secretary of Commerce Roy Chapin, and representatives of the United States Treasury and the Federal Reserve Bank. Representatives of the Reconstruction Finance Corp. also attended the conference. The R F. C. has loans outstanding to several Michigan banks. The proclamation of a legal holiday was an adaption of the technique used in Louisiana recently when a one-day special holiday was declared after heavy withdrawals started on a bank there. Immediate necessity for the mora-, torium was created by an acute condition in the affairs of the Union Guardian Trust Company, Gov. Comstock said. He said he war, Informed that as matters stood, it would have been necessary to have closed the doors of that institution today. The Union Guardian Trust Company has been a heavy borrower from the Reconstruction Finance Corporation. Inability of the Union Guardian to realize on its assets quickly, to meet demands for withdrawals existing and anticipated, created the emergency, bank officials disclosed. Last week representtves of the bank were in Continued on Page Ten SLIPPERY STREETS GAUSE ACCIDENTS t aesc lour pictures, made during the Sehaal-Camera bout in New York, probably account for the fatal injuries suffered by the Boston heavyweight The giant Italian frequently brought bis etiib-like arms down on Schaaf's neck. It is thought that these blows caused the intra-crania! hemorrhage that proved fatal to Schaaf this morning. TURNER ASSAILS NEW YORK PROBE ASSEMBLY STORY SN SCHAAF DEATH Costs of Passing Bills Was Governor Starts Quiz; Car-Subject; Bill Sponsor nera Goes Before (he Scored    Authorities Three automobile accidents due to the treacherous condition of the streets, were reported to police last night. No one was injured as the result of the crashes. A traffic light suspended from a pole on the southwest corner of Fourth ttreet and Highland avenue, was knocked out of commission when an automobile driven by Frederick C. Walls, of Wells avenue. Glenolden, crashed into the pole when his car .skidded on the snow encrusted street, as he attempted to turn the corner Wells' automobile was badly damaged. The Glenolden motorist agreed to make good the damages. George L. Baldwin, 1107 Green street. Marcus Hook, told police that while driving cast on Ninth street last night, his machine skidded and sidewiped an automobile parked in front of the chester High School, the automobile bearing license plates 100G2 Baldwin said the damage was slight. A small boy who refused to give his name, escaped injury yesterday afternoon when he darted from the sidewalk at Ninth and Penn streets and bumped into the side of an automobile driven by John Bottom ley, 1218 Kerlin street. Bottomlcy told police the youngster refused to be taken to either a physician or a hospital, stating he was not hurt. C.    of C.Group    Analyzes Possible County Savings AT HIALEAH PARK 1—Baptism. 2—Race street, King saxon. 3—Mynah. I—i None), 5—(None), —i None), 7 — (None), Weather, clear; track fast. AT HAVANA 1—Mar Ballot. 2—(Nonri. 3—Dark Dawn, Elmer ll. Venezuela. Fair Vagary, Indiazen, Th under -speed, 4—Wise Kid. 5—Athel, I rn i -hot. singing Kid. 6—/emlil.t, Black Nim, Rita Fee, Precious Ann, Talomond, Sweeping ll jut. Cieimnif, Fair Jean. 7—Young Bill. Widespread interest was aroused on the part of the taxpayers of the i county last week in the recommendations made to the county commissioners by the Committee on County Government of the Delaware County Chamber of Commerce which, by va-rious data, indicated a saving of approximately $300,000 could be saved the county each year through the adoption of the many suggestions incorporated in the report. The report of the committee asked for a IO lier cent, cut in all salaries, those workers who are protected by statutory provisions being asked to volunteer this reduction in their pay Various minor jobs were ruled out in the report as unnecessary and various caus were suggested in many expenses, together with hints that better business methods being introduced in certain departments. Th** committee was composed of J ll Ward Hink' on, William Crammer. Leonard C. Ashton. Samuel Rhodes, Harry L Miller, with a technical staff of Charles W Lewis, director, and D ll Kurtzman, assistant. Hie Chai ter Times, believ ing thou sands of taxpayers would welcome the opportunity of reading a more complete analysts of the findings of the committee, has arranged to pub- I lish the major portions of the recommendations in instalments daily until concluded In presenting their survey tire committee declared: “In 1929. the county levied a tax of SI 605.104 and in 1932 a tax of $2-421.509 This tax constituted a per I capita levy of $6 OO for the former year and of $8 00 for the latter year J W'hen consideration is given to the increased purchasing power which the dollar had acquired between the selected years it is found that the tax for 1932 represented an increase of 163'J- over the tax levied for the year 1929. “During the same period commodity prices and industrial employment fell precipitously throughout the civilized world In the United States industrial production declined 32~, wholesale commodity prices 33^, general cost of living 25'r, and average Continued on Last Fage HARRISBURG. Feb. 14 -GNS) Anti-prohibition legislation fell by tho wayside today as unemployment relief forged to the front and thrust the House into the hottest verbal cross-fire of the session. A resolution providing for a joint committee to confer with the governor on a program of jobless aid was the center of turmoil. It was soundly defeated and its sponsor, Representative John FL Malina, Philadelphia Democrat, was vehemently denounced. Democratic rn e rn b c r s themselves joined in killing the resolution. The measure itself was a criticism of the legislature. Representative Ellwood J. Turner, Delaware, promptly took exception to the resolution and proceeded to assail a story appearing in newspapers last week regarding the cost of passing bills in the assembly. Turner vigorously assailed the story, termed it unfair and without basis and charged that through it and Continued on Page Ten BATTLE OF LETICIA IS REPORTED ON BOGOTA. Colombia, Feb. 14- (UP) -A battle has begun between Peruvian and Colombian forces at Leticia, the government was advised today. News of the battle, which has been imminent for weeks, was telegraphed I by Gen. Alfredo Vaseuex Coho, commander of the Colombian forces at th;? front, which is far up the Amazon river. It was feared a real war would re- ! suit. Both sides have gathered impressive forces of troops, gunboats, airplanes, artillery and machine guns Leticia is on the upper Amazon, on the border between Colombia and Peru. The small river port of 600 population originally belonged to Peru but was ceded to Colombia by a treaty ratified In 1928. On Sept I last. 300 armed Peruvian citizens Invaded and seized the town and have held it since. The threat of war immediately arose. Efforts of th? League of Nations and of neutral South American Republics to settle the dispute failed CHILI) HEALTH CENTERS PRAISED Dr. Wilmer Krusen Sees Fine Work Done Here; Analyzes Problems Speaking before a number of local physicians and women interested in the work of the local Cmld Health Centers, Dr Wilmer Krusen. president of the Philadelphia College of Science and Pharmacy stressed the need in the present times to continue, undiminished the programs of child health being carried on by the- medical divisions of the school districts. He urged all present to use their influence with senators and local representatives in assuring that the vital question of caring for the health of the children would not suffer as a result of state governmental economies, economies which would soon defeat their own purpose. The occasion of Dr. Krusens address was the annual open meeting of the Child Health Centers of Chester, held yesterday afternoon In the Y. W, C A Building, Seventh and Bpi oui .streets, Dr. Krusen. in refers g to health programs in the schools, told of the requirements for vaccination, medical examination; and for personnel, in ail branches of medical and dental fields Continued on Page Ten COUNTY GIRL HONORED Miss Sarah Auger, of Sharon Hill, ha.6 received the honor of being elected treasurer of th? Art Fellowship Club of Beaver College, at Jenkintown, where she is a student in the fine arts course. Mis • Auger is the daughter of the Rev Elias Auger, of 323 Barker avenue, Sharon mil. NEW YORK, Feb. 14 -(UP* The death of Ernie Schaaf. who collapsed during a prize light with Primo Camera, was due to natural causes and was not a result of an injury sustained in the ring, Medical Examiner Charles A. Norris said today after completing an autopsy. ALBANY. N. Y . Feb. 14 (UP) Gov. Lehman Instructed the State Boxing Commission today to make a thorough Investigation of the death of Ernie Schaaf, “I have asked the Blate Boxing Commission to investigate the death and report to me,” the governor said. “I will ask for a report on nil the circumstances surrounding the bout with a view to having a complete investigation of the case to prevent further such occurrences." The governor made his announcement while the legislature moved to demand a separate investigation. Senator Henry G. Shat kilo, New York City Democrat, told the United Press he would move in the upper House within a few days to repeal the entire boxing law. NEW YORK. Feb. 14 GNS) Primo Camera, shambling in his walk and seemingly broken by the ring tragedy that resulted in the death of Ernie Schaaf, was taken before Assistant District Attorney James Continued on Page Ten KAIN PREDICTED FOK AKHA TODAY Rain Is predicted, with warmer weather here, in eastern Pennsylvania. New Jersey, Delaware and Maryland. It will be colder tomorrow, and rain is possible then also. Tile highest temperature here yesterday was 36 degrees, at 6 p. rn., and the lowest was 19, at 2.15 a rn. ’I he average of 28 was six degrees below normal for th* date and twenty degrees below the average February 13 last year. Maximum temperature for the date is 64. established in 1881. and minimum 3, in 1917. Sunrise today was at 6.55 a. rn., and sunset will be at 5 35 p. in., eastern standard time. BALANCE BUDGET PAUL BLOCK SAYS Publisher Secs K Is Needed for Return of I J. S. Prosperity WASHINGTON. Feb. 14 'UP- -The road to economic recovery require;. in■ mediate balancing of the budget, J1 ttlcrneut of foreign debts repeal of the Eighteenth Amendment and administration of government by a coalition cabinet. Paul Block. New York publisher, told a Senate Committee holding a "best minds” clinic j I today. Block, appearing before the Senate Finance Committee, also urged that the gold .standard tx* retained, a large scale public works program luau- ! unrated and I armer- aided by limiting wheel end cotton production and fixing minimum prices for farm coin- j module s. Tariff schedule? .should be adjusted. he nu lei. with duties raised against countries ming depreciated currencies, and lowered to nations on the gold standard. “First in importance Is the balancing of our budg* ? " he said “To accomplish this, I favqr immediate drastic reduction in the cost of government, and a small manufacturer’s sales tax which may be eliminated once repeal of the Eighteenth Amendment Is adopted * We could cut costs of government very materially if Congress and the President would, among other things, provide for a reduction in bonus payments now being made to veterans of the World War. Our country cannot afford bonuses and pensions to those who either never went overseas or WU re not injured in actual service "Next in important**, is for the Government to remain on a gold basts.” I KIDNAPING GANG Chief Predicts 32-Year-old Millionaire Will Be Freed in IS Hours Believes $60,000 Ransom Demanded Will Not Be Paid; Wife I nnerved DENVER, Colo., Fob. 14 — CUP)— A police prediction that. Charles Boettcher. II . kidnaped Denver millionaire, would be released within 48 , hours cheered his family today i On edge with grief and fear for the safety of the 32-year-old heir to one of the great fortunes of the Rocky Mountain area, hrs beautiful voung wife, an expectant mother, and Ins parents snatched hopefully at (he straw held out bv Chief of Police A. T. Clark. After 24 hours iii which he directed one of the west's greatest manhunts for the abductors of Boettcher, Clark announced that he had “a good idea" of the identity of those ! behind the daring plot Boettcher, he predicted, would be returned home within another 48 hours, unharmed, and without payment of the $60,000 ransom demanded by the men who kidnaped him about midnight Sunday in the rear of his palatial home in Denver's mast fashionable district a ransom his family was anxious to pay to assure his safe return. The typewritten note thrust into the hands of Mrs. Boettcher as her | husband was .seized from her side til I the garage hack of their home was believed to have provided an tmpor- ; taut clue to solution of the case. Clark said detectives expected soon to know the make and date of manu- Cnntinued on Page ten SUN OIL TANKER RESCUES AVIATOR A thrilling rescue was made at sea last night off the coast of Florida by the crew of the Sun Oil tanker, J. N Pew, when It picked up an unidentified aviator GO miles off Cape Canaveral after he had drifted aimlessly about In a wrecked plane for 52 hours 'without food or water. The aviator, who was picked up in a senu-conscious condition, atter he had been revived, said he had had neither food nor water since Saturday. He said he had left West Palm Beach on that day for the Bahamas and had gone only a short, distance when engine trouble forced the plane down. At the time the plane was sighted, the J. N Pew was enroute from Houston, Texas, to Marcus Hook, with a cargo of petroleum oil to fie discharged at tire company's plant. The plane wras sighted by an offl-i cer on watch w ho reported to the captain Orders were given to change itla* course of the ship and proceed to the plane, which w;us being tossed about in tin* sea. When the tanker reached the; plane a man was seen to be seated in I the cockpit. A lifeboat, manned by a i I crew, was launched and the aviator! was taken to the ship, where he was givin a dry-change of clothing and first aid treatment. The tanker will arrive at Marcus Hook on Thursday with the flier aboard. NATIONAL ECONOMY LEAGUE IS RAUBE!) The National Economy League was criticized as a body representing "organized wealth and international bankers,” trying to put the burden of disabled war veterans upon farmers and small property owners, by Senator Arthur It. Robinson, Indiana, at a legionnaire banquet in Philadelphia. Major General Bmedley I) Butler, also a guest, speaker at the banquet, said Japan's Manchurian ambitions were similar to those of the United Stater, in its relations with Latin-Amerlca. “Japan needs oil," Butler said, "and therefore seeks to build an empire. The United States has a Monroe doctrine and Japan, copying our tactics, seeks to create at similar document in the east." SCHOOL STATUS Senior High or Junior High?” They Ask Direo (ors at Meeting: “Junior High” Is Answer, With Denial of Race Distinction ll (-Id Ii y kidnapers who demand $60,000 ransom for Ins return is Chur lr* Ifnettrher, ll (above), millionaire. ut Denver, tic was seized by two men as In* drove into his residence. His wife was in the motor ear with him but could see the two men only slightly in the dark. They thrust the ransom note into her hand and vin* lias announced sin* will pay the $60,000. Boettcher is a friend of Colonel Charles A Lindbergh and the ransom note recalled the fate of Lindbergh's kidnaped son. TAXPAYERS ASK LOWER CO. TAX Ulead J Mills Rate; Rap Turkey for Jail Employes at Xmas In its report to t * County Commis;Toners, which was presented this morning, the Delaware County Taxpayers Ass* via lion of which Samuel I). Clyde, of this city, is chairman, revealed that the county tax rate for 1933 should he set not to exceed 3 mills, a reduction of IU mills from the )!)32 rate. Criticism is made in the report as to the management of various department* of the court house, particularly the commissioners paying $49 each tor books used for the recording of deeds and mortgages. The purchase of turkeys given to employes of the prison as Christmas presents and the employment of certain men in the court house, which the committee secs as unnecessary, is criticized in the report. In one portion of the report it reads, “We recognize that this will require economies and means that you will discontinue making payments to persons who for many years have been the recipients of large expenditures from our public treasury. We are calling your at- Contlnucd on Page Ten It DOSEY ELI ENDING TRIP MIAMI, Fe!) 14 (UP) Presidentelect Roo: i wit enjoyed the last full day ol his vacation on the yacht, Nourmahal today. He will debark from Vincent Astor'* trim craft here late tomorrow, and after a .short speech responding to a local welcome, will entrain for New York. BLAMES' FORD IN The much discussed Frederick: Douglass school at Eighth street and Central avenue came before the school directors again last evening at their regular session held in the Larkin school, Broad and Crosby streets, when three representatives of the National Association for the Advancement of Colored People, headed by Rev I,. S. Moore, pastor of the St. Daniel's M. E. Church questioned the nu rubens of the board concerning the use of the school. Rev. Moore, principal .spokesman of the group, who has been before the board concerning the school on other occasions, asked whether the build-* • was for use as a .senior or a junior high school, In answer to this query, Charles I*. Larkin. Jr president of the board, assured the pastor that tho school was a junior high school. Rev. Moore asked why following the June and February commencement the pupils entering the tenth grade ; had not been permitted to go to the Huh school instead of remaining at SENATOR DAVIS’ TRIAL POSTPONED NEW YORK, Feb. 14 (INB) The new* trial of U. S. Senator James J. Davis, of Pennsylvania, charged with violating the National Lottery law, wus postponed today until Feb 27 Senator Davis Is alleged to have profited by $173 000 from two lotteries conducted for the Diva! Order of Moose of which la* is the director general The first trial of the Senator ended in a mistrial when a Juror was reported by Chief Defense Counsel Charles J Margiotti. of Punxsutawney, Pa , to have visited him. Michigan Governor Gives “Low Down” on Week’s Financial Suspension LANSING, Mich, Feb. 14 (UP' : Responsibility for the eight-day mor-! {thorium on bunking in Michigan was I laid at the door of the Ford Motor Company today by Governor William A Comstock. :    He said refusal of the company to I subordinate it* deposit* with the (Union Guardian Trust Company to the claims of smaller depositors and tin R, F. C. forced the moratorium j to “protect .small depositors and to save the state's banking structure ’’ "Here is the plain unvarnished story of the events which led to the declaration of the banking moratorium " Comstock said “The Union Guardian Trust Company of Detroit has been doing banking bittiness in Michigan under the i laws of the state Like other ftnan-: rial houses it has suffered depreciation of its assets ant! was seeking to get out of the banking business, P av- C ontinued on Page Ten Continued on Last Page SA VK (UKK SLEDDER KROM WATERY GRAVE Betty Quigley, an 8-year-old child residing at Prospect Park, was rescued from drowning last evening shortly before 6 o'clock when a sled on which she was riding broke through th® ' ice. The youngster, who is the daughter j of Mr and Mrs. James Quigley, of Twelfth and Lincoln avenues, had gone to the lake with several other I children of about her own age and were sledding down a bank onto the ice covered hike Several trips had been made when suddenly the lea gave way and the child disappeared beneath the surface of the water. Screams from her companion* attracted the attention of David Lee, 14, of Thirteenth and Folsom avenues, who was playing hockey with a crowd of boys about i fifty feet away from where the children were coasting. He skated to within about, fifteen feet of the hole where the child broke through and I climbed on his hands and knees, pushing his hockey stick before him on the ic® until the girl was able to catch hold of the end when he pulled jher to safety. , Alfred Mansur#, who was attracted to the .irene by the cries of Hic frightened youngsters, carried Betty to her home. It was said at j lier home this morning that she I suffered no 111 effects from her cold j plunge. BANDITS GET $350 No trace was found today of the three dapper bandits who escaped i with $350 last night after trussing up I four official* of the Buat Nachmen \ Building and Loan Association, in Philadelphia. ILL VETERAN FOUND A ?hell-shocked World War veteran, who was found wandering in a daze in City Hall, Philadelphia, early today, was Identified by police as John W. Shaw. 38, m business man at (1320 Locust street) Williamsport, Pa. IT. S. TREASURY BALANCE WASHINGTON^ Feb. 14— (INB) — Treasury balance as of Feb. ll, '‘ ,r4.-273.044.50; expenditures, $8,276,956.48; customs receipts. $6,952,511.17. Topicsof I lines| Lack of Cash Disrupts Midi. Payrolls, Busines >rt I Tri the DETROIT, Feb. 14 GNS? Michl- lurer Tin gun was it contused and harried cora- * burse rn en mon wealth today as cash became king thor nota and them went into hiding.    scrip for Conditions in Detroit grew acute at ’ payrolls ti noon, a; the full import of the clos- ; be v. ing of all bank* in the state for a on t period of seven days, broke upon the open city,    j    Oil Nobody would accept checks, and | said alter a three-day holiday few people appeared to have any cash. Big the-tres and stores that did a rushing business on Monday, however, found themselves in a situation almost as acute but exactly the reverse They had too much cash, and no place to put it. Armed guards watched the offices of several theatres, and police scout cars redoubled Tin their efforts to protect filling Eta- st rug) lions and restaurants where the re- cann reipta of three days remained in the encug tills.    i    from The payroll situation was in a state j The of utmost confusion. The state had of $_’( only $3765 cash on hand ut the tress- but I: urcr's office rn Lansing. State Tie**- to be Fry the RUO! on 13 said no dls-uild be made until fur-state employes will get $500,000 due them in row. But the scrip will the paper ifs printed I until banks are re- Simday sports in Pennsylvania cities this year seems doomed But that will be of little interest to county teams. i Snow led to the rapture of two burglar suspects in Es.sington. That being a poor way to leave their mark in tire world. Fish fighting is said to be a new craze In this county. On some oast fights staged in this county the "fish” env<1 to be the ones who paid to w it ness ’em. Now that baseball at night ha* tx-en successful, it is planned to stage horse racing under flood-light*. This will prevent bettors from putting their dough on a dark horse. Coroner Scheelite admits that he’* a bit of a detective. That's more than a lot of plainclothes cops can do. Tax everybody for everything, advices Bernard M Baruch ro a Senate commute** But hasn't that already been done? Mast everyone* advocated a tax plan except b; .j ball umpires. They re probably plotting a prohibitive tax on bottles beverages. r rn pi The of ti and not e xuurer Charles L. Williams $1,000,000 payroll due city i >\e.s tomorrow cannot br issued, junk holiday prevented transfer e funds to the payroll account he checks, under city Jaw, canun be written. Controller Chester E. Righter announced the city must have $611,000 with in 72 hours to avoid default on maturing obligations. Department of Street Railways tied to evolve some method of j ; for workers who have not ! h cash to pay for fares to and I their work Wayne county payroll checks i K) OOO will be written tomorrow, ! Re the state checks, will have regarded as scrip. I lie Weather") WASHINGTON. Feb. 14— (UP' — Forecast for tonight and Wednesday! Eastern Pennsylvania and New Jersey; < loud; with light rain tonight and possibly Wednesday morning! colder Wednesday afternoon. Western Pennsylvania; Cloudy with rain, changing to snow. probably tonight aud Wednesday morning! colder Wednesday and in the west (mulion tout*lit. TODAYS TEM PFK ATI RES 6 a 7 a 8 a 9 a. IO a. ta. rn. rn. 34 ll a, rn. 34 Noon 38 I p. rn. 43 2 p. rn, 44 .. 46 .. 45 .. 44 .. 44 ;

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