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Chester Times (Newspaper) - March 8, 1933, Chester, Pennsylvania DAILY AVERAGE NET PAID CIRCULATION FOR SIX MONTHS ENDING SEPTEMBER 2O I OS FINAL EDITION With All Latest and Best News of the Day 57TH 17535 Daily Leased Wire Reports of United Press UP and International News Service INS CHESTER PA WEDNESDAY MARCH 8 1933 PRICE TWO CENTS HIGHER WAGES AS AID TO PROSPERITY Suggestion Made by J Howard Pew President of Sun Oil Company Declares in Annual Report Plan Is Best Guarantee Against Breakdown A suggestion for rebuilding pros perity and making it permanent was offered by J Howard Pew president of the Sun Oil Company in his an nual report to stockholders today Based on his Companys experience he proposes wages and salaries if a larger share of prosperitys profits had gone to he says there would have been more consumption and less speculation That would have been the best guarantee against the breakdown of consuming capacity which is now the greatest obstacle to improved business investment in improving plants processes and methods thereby maintaining the fullest pos sible employment even during de pression General adherence to these policies is largely responsible in Mr Pews opinion for the good showing of his own company and for the strong po sition of the oil industry as compared to many others at this time De veloping this view he says Even before the depression it was plain that continued prosperity de manded the maintenance of a broad based buying power such as could be assured only by a general program of liberal wages and salaries Capital would still have had reasonable re ward and been vailable in adequate supply to finance every requirement of legitimate enterprise Even when prosperity seemed boundless some people believed that to distribute its fruits more liberally among salaried and wageearning workers would best insure the buying and consuming power of the community That would have been the best guarantee against the breakdown of consuming capacity which is now the greatest obstacle to improved business Unfortunately these considera tions were less hospitably entertained before 1929 than they have been Continued oh Last Page ROTARY EXPRESSES FAITH IN BANKS A resolution placing absolute cph fldence in Chester banking institu tions and officials of the same was passed at a meeting of Chester Rd tary at the weekly luncheon meeting held atthe Chester Club 511 Welsh The resolution was passed following an address on the dangers of inflation by Richard Burke an official of the Delaware County National Bank who spoke authoritatively and quoted statistics During a roond table telk following the speeah many expressed the opin ion that President Roosevelt adopted the right method following his inau guration and predicted that the coun try is oh the right road to normalcy Those taking part in the discussion were William Provost Jr Attorney E Wallace Chadwick and Dr Rit tenhouse Neisser President Charles Kurtzhalz an nounced that the meeting last weak was marked by a 100 per cent at tendance He also introduced many visiting Rotarians and guests at yes terdays meeting MINOR JUDICIARY PLANS CELEBRATION Arrangements for an anniversary celebration and dinner were dis cussed at the monthly meeting of the Magistrates Association of Delaware County held last evening at the Ar cadia Restaurant in Media The sec ond anniversary of the founding of the organization May 2T will be at tended by the members and heir wives members of the Delaware County Bar Association and other special guests The committee ap pointed by President Griffith is com posed of Messrs McBride Merritt James Moe and Schwartley who will make all arrangements Magistrate D Martin Yerkes of Millbourne explained some bills up before the legislature in regard to the payment and boundaries of loca magistrates Magistrate McBride proposed tha the regular April meeting be dis pensed with in view of the fact tha preparations are being made for the anniversary MARRIED IN PARIS PARIS March Bugher daughter of Mr and Mrs Clarence Bugher of Pittsburgh Pa was married to Jean Arthur duPon here yesterday HORSES WITHDRAWN AT HAVANA First p E S T Pride Wandering Gold Athel Disapproved Honest John Dianamede Scotch Tom Spero Chance It Always Boiling Over No sub be run as 5th Panax Charlie Flajr Trick be run as 6th None be run as 7th Zembla Politen Princess Isabel AI Livingston Haramzada Baritone Single A Weather clear track muddy AT HIALEAH PARK Lucky Carter Sun Tea time Nuckols Boy KenneaIly Peace Treaty Liquor Mint Drift Shooter Blotter Supercharge Dun It Weather cloudy track muddy THOUSANDS WITNESS CERMAK RITES AT MIAMI COUNSEL QUITS TTTT IILI BANKS MUST TURN OVER ALL GOLD TO GET RESERVE AID Oliver KEaton Pittsburgh National Drive to Capture Lawyer Refuses Answer Y e 11 o w Metal From to McClure Query Committee Fails to Reach Decision on the Resig The flagdraped casket containing the body of Mayor Anton J Cermak of Chicago victim of an assassins ullet intended for President Roosevelt is shownbeing borne by whileclad American Legionnaires from a Miami Fla funeral parlor to be placed in the cortege that escorted it to the railroad station as saddened throngs poked on Miami police formed a guard of honor on the train which bore the late mayors body to Chicago for jurial HARRISBURO Pa March suxte Senate committee which plans to question J David Stern Philadelphia publisher must first decide today what to do about the resignation of its counsel Oliver K Eaton Pittsburgh Two executive sessions followed Eatons sudden withdrawal from the employ of the committee after a scries of disagreements with Sen John J McClure Delaware county chairman of the Senate group named to investigate the State Public Serv ice Commission In neither session could the com mittee reach a decision on Eatons resignation They planned to renew their efforts before the legislative session today It was the Pittsburgh lawyers re fusal to answer a McClure question that led to the decision to subpena STORE IS ROBBED TWICE IN 48 HOURS Thieves Make Getaway With Quantity of Weap ons and Ammunition Burglars who are evidently col ecting a shipment of arms and muni tions for some warring countiy again visited the sporting goods store con ducted by William and Thomas Briggs at 627 Welsh street this morning the second time in 48 hours As reported to police Monday morning hundreds of dollars worth of revolvers rifles shotguns and ammunition was taken during the second visit Entrance was gained by prying loose stout iron bars over windows in the rear of the store Police are plainly baffled by the two robberies as the guns cannot be legally disposed of in this state since the Witkui Act was passed by the Pennsylvania Legislature While the fob looks like the work of boys Continued1 on LastPage MOTORIST INJURED ENTERING HIS CAR Joseph Mereida 1426 Hancock street sustained leg injuries last night when he was struck by an auto mobile operated by Hobert McGinty Twelfth and Upland streets at Fourth street and Morton avenue McGinty was arrested by Sergeant Peterson and Detective Dougherty and when arraigned for a hearing in police court this morning was held in bail for a continued hearing a week hence The injured man said he was get ting into his own parked automobile when McGinty started to make a turn in the street In backing his car Mc Ginty rammed Mereidas causing the door to jam against his leg The Sun Village motorist was treated at the Chester Hospital for the injury UP DARBY HEALTH BOARD ABOLISHED CERMAKS BODY REACHES CHICAGO CHICAGO March body of Chicagos martyred Mayor Anton Cermak arrived here today from Florida where Guiseppe Zan garas bullet intended for President Roosevelt took the life of the citys chief executive Chicago began a threeday tribute of sorrow to the slain mayor as the flag draped bronze casket was taken from a ninecar special train at 10 a m Sorrowing thousands stood somberly by at the station as the cortege moved away The body was takento the Cermak home where it will remain until to morrow It will then lie in state at the City Hall Funeral services will be held Friday at the Chicago sta dium Member Units Requires Compliance With Letter of Emergency Regulations NEW YORK March Federal Reserve Bank started a na tional drive to recapture gold today after being authorised by Secretary of the Treasury William Woodin to open for limited resumption of redis counts and currency payments so member banks The Federal Reserve Bank will as sist member and nonmember banks to conduct the limited emergency business authorized by Secretary Woodin only if they are comply Ink the spirit and the purpose as well as the letter of emergency banking rcRultatons and only if thiy tarn into the Federal Reserve Bank all gold and gold certificates owner in their own right The relaxation of restrictions on the Federal Reserve Bank was announced here during tho night and ut flrsc was interpreted as applying only to TREASURY DROPS PLANS FOR SCRIP TO LOOSEN CASH Decisions by Secretary Woodin With Details of the Move Trickling Through Slowly Scheme Considered Rigid Form of Money Expansion by Bankers Maybe Issued Through the Federal Reserve Roosevelt Special Message to Congress to Seek Dictatorial Powers to Meet Rapidly Changing Phases Over the Nation Tloal currency loosened through the Federal Keserve will be de ended on m the present cnsus instead of scrip of Clearing House cer 01 S t0 dedarntion b the United States Treasury the banking emergency came rapidly Continued on Last Pago Won Fame Years Ago as Young Smyrna in Bout With Jee Cans Charles H Meredith former boxer of national reputation and recently constable of the Tenth ward died at i his home 213 Yarnall street early this morning after a lingering illness Meredith had been under a physi cians care for more than six months and was helpless During the past two months his condition grew worse and it was necessary for him to take to his bed He was in his younger days a boxer of ability righting under the name of Young Smyrna and was known to all followers of that art throughout the country He was one of the few fighters of his time who stayed the limit with Joe Gans In 1921 Meredith was elected con stable of the Tenth ward and this of fice he filled capably through the years he worked with Alderman Henry C Van Ness He was a memberof the South Chester Methodist Episcopal Church An unprecedented economy mea sure was taken by the Township Commissioners of Upper Darby last night when they decided to abolish the Board of Health Five employes of the health board will be replaced by three of the Com missioners who will act as a Health Board with James F Conner now chairman as the Commissions com mittee on health as head The five citizens displaced are Robert Clendenning president James W Pendlebury George Hughes An thony Tamburro and Dr Peary Hen derson Some of these will be re employed it was understood The appropriation for health work in the township has been cut onethird for the ensuing year FINANCIAL TALK Continued on Last Page WEATHER PREDICTED Rain is predicted this morning but it will begin to clear this afternoon in Eastern Pennsylvania New Jersey Delaware and Maryland It will be somewhat colder here today and cloudy and colder tomorrow The highest temperature here yes Offcers Hold Conference and Report Ample Funds for Employes Payroll County finances arc in good shape it was revealed yesterday at a con ference held by the county commis sioners controller treasurer and solicitor The county has ample funds to take care of the employes payroll next week on March 15 which will amount to approximately The bal ance on deposit mostly in this city is approximately Payroll checks will be issued next Wednes day as usual to county employes The county had to borrow in January against which has been applied collections of 1932 taxes the total being due on April 1 Last month another loan of was negotiated with a Philadelphia bank at a favorable rate of interest It developed during the confer ence that another loan of will to take care of April 1 requirements of which about 000 is due for bond retirements and interest on bonds It is estimated that a total of must be borrowed by the county this year be fore collections of the years taxes will start office It to reach the treasurers is customary to borrow Continued on Last Paire COUNTY C OF C MEETING The regular luncheon meeting of the Merchants Division of the Dela ware County Chamber of Commerce willbe held in the Chester Club 511 Welsh street tomorrow at 1215 p m The proposed meeting of the Chester Stores Sales Institute will be discussed at this meeting WOULD WEED OUT WEAK BANKS WASHINGTON March ruthless policy of weeding out weak banks through a strict system of de posit guarantees applied only to institutions in sound con dition was advocated today by Chairman Stcagall of the House Banking and Currency Committee PINCHOT ASKS SUPPORT OF PRESIDENT HARRISBURG Pa March Gif ford Pinchot issued an executive proclamation today calling on the people of Pennsylvania to give their loyal support to the President of the United States in his efforts lo dis pel the present crisis BUMPS INTO TRUCK MANSLEG BROKEN Stepping from one truck and walk ing into the side of another at Mary street and Edgmont avenue shortly before noon today Jacob Sharago 50 of 212 Penn street was felled and sustained a fracture of the right leg He was admitted to the Chester Hospital The driver of the truck Lcroy Davis 728 West Second street who merchant was arrested and later re leased in bail for his appearance in police court tomorrow morning terday was 53 degrees at 8 p m and j the lowest was 36 at l a m The average of 44 was six degrees above Dr W J Ezickson of Philadelphia an expert on finance will address a meeting composed of the burgesses members of council of the various boroughs and other public officials in the Chester Pike area and similar officials in nearby communities on the operation of scrip as a substitute for national currency An invita tion has been extended to anyone re siding in the territory interested in the subject to attend the meeting which will begin at 8 oclock U S TREASURY BALANCE WASHINGTON March Treasury balance as of March 6 expenditures 46517615 customs receipts degrees above the average March 7 last year Maximum temperature for the date is 70 established in 1921 and minimum 9 in 1890 Sunrise today was at 623 a m and G p m Eastern sunset will be at Standard time Boys of school age subjecting themselves to Injury and possible death are continuing their habit of hopping street cars and motor buses in the West End The boys seldom more than 14 years of age wait on a corner until a car or bus approaches Then after the vehicle pulls away from the in tersection jump on the side or rear and hold onto some projection The most of the free traffic oc curs at night when the darkness prevents the operators discovering the passengers but some are so bold as to hop during thedaylight hours not stopping to consider that vehicular traffic is much heavier and increases their danger of being in jured Yesterday a patrolman noticed a screening running alonj the side of a trolley car his feet on ajournal box of the rear truck As the car moved along Third street tho boy swayed precariously over the heavy wheels apparently unconscious of the fact that a slip meant instant death The officer attracted the attention of the operator of the trolley car who stopped the vehicfc As the brakes grabbed the boy barely missed being thrown on his face in the street He maintained his balance however and upon seeing the officer ran down Flower street Traction Company officials have been endeavoring to break up this practice The local polJce depart ment is cooperating in the drive and any persons caught hopping the vehicles owned by the traction corn small Negro hanging from the haavy pany will be punished THE BASIS OF THE MONEY SITUATION Stolen Money Back T his W oman F irm Believer in Banks NEW YORK March INS Banks are the best places for money after all Mrs Martha Loughran of Brooklyn told detec tives today as she recevied of her life savings stolen last Fri day by purse snatchers The money was recovered after Camden S C authorities notified police they were holding James Lyons 19 and Benny Buscemi 20 in connection with the thefc Mrs Loughran was robbed shortly after she withdrew her funds from a bank intending to put them in a safe deposit vault Police said Lyons and Buscemi would be extradited MARTIN KILLORAN AGED CITIZEN DIES Martin Killoran husband of the late Mary Killoran died this morn ing at his home 323 East Tenth street following an Illness of severs months duration He was in his ninetysecond year Mr Killoran was bom in Ireland and emigrated to this country when a young man He first settled in Wilmington Del where he conducted a prosperous saloon He moved t this city and for years was known to1 thousands of shipyard workers having worked at the old Roach Yard the Sun Yard and former Chcste Shipyard For the greater part of his II f he resided in the Eighth ward hav ing occupied one house at Second and Lloyd streets for more thunfortj years He moved from the Eightl ward several years ago to the Ten ft street address One daughter Margaret and thre sons Thomas J James and1 John J Killoran survive Funeral ments have not been completed MRS Ella Hargreaves widow of Thomn Hargrcaves former theatrical pro ducer and widely known showman of this city died this morning in he apartment at Sixth and Sprou streets Mrs Hargreaves widely kriowi among the older residents of thl city was stricken with a heart ail ment several weeks ago and sine then gradually sank until death re lieved her of suffering She is sur vived by one daughter Mrs Thoma Profflt and one granddaughter Funeral arrangements have not been completed new L ucy were Federal Reserve bunks have been instructed to loosen currency ne cooperation of member bunks rSecrCtUry of tho Treasury explains that although scrip is not sanctioned in communities where it is necessary bVSSUCi llou50 associations or banks without o from the Federal Government Governor Kitchio of Maryland says his state will follow New lend He mdicntcs Maryland will issue scrip President Roosevelt plans to ask Congress for broad power to copa with tho Ifistctmnpmff situation Favors recessing special session this weekend then work out n program before recalling Congress Congress ready to invoke caucus rule to push through Roosevelt Banks in New York Chicago and other centers reopen to meet pay rolls mid to relieve distress lion makinff available 100 mil American dollar strong in foreign markets Scrip on National Scale Is Dropped WASHINGTON March The Roosevelt administration aban doned its scrip plan today Instead it has decided to rely for additional currency chlcfy of the reg ular elastic privileges of the Federal Reserve System These are far from being stretched to the limit and there still is room for expansion to meet the present shortage of cash This apparently can be considered a rigid form of currency expansion Of ficials arc wary of labeling their hour tohour moves during the emergency The scrip and currency decision was announced dramatically by Secretary of Treasury Woodin today f Details of these latest moves arc trickling out slowly Bestinformation is that the gov Continuccl on Last Page CHESTER BANKS STANDING PATON U S REGULATIONS Scrip Question Still Un solved Holding Up Pay rolls Decision Changemaking and Open ing of Safe Deposit Boxes Continues Today found Chester city and county banks still closed except for permitted of making change and permitting entry to safe deposit boxes No decision has been reached by the Chester Clearing House Associa tion on the question of scrip pending official word In view of the tangled situation there has been no decision reached on the making up of payrolls Chester and the county will be guided by the action of Philadelphia Clearing House Association acting on Washington orders which late this morning sent a message to James C Baker secretary of the Chester Clear ing House Association stating The Philadelphia Association will not cash any payroll1 before Friday On that day we may do so and if we do it will be in scrip Local banks emphasize that they are alert to give every possible service Continued on Last Page MALICIOUS ACT The premises of the West End Frc Library of Fourth and Jeffrey streets were entered recently by vandals who maliciously damaged property and carried off a small amount of money and a penknife from the desk of Miss Anna Hannum librarian The money was taken from the fines fund Entrance was ejected by break ing the glass in a basement window Gold subject of mans dreams and anchor of his solidcst affairs now subject to acrid discussions to its true place in civilization Here is a million and a half dollars worth of Alaskan gold in ingots as Senate Resolution To Halt Evictions Until April 3 HARRISBURG March unemployed and destitute throughout Pennsylvania were temporarily saved from eviction from their homes when the Senate today unanimously passed a reso lution staying execution of all write of seizure and levy until April 3 of this year The resolution introduced by Senator James J Coyne Alle gheny authorized Common Picas Courts to permit the temporary abandonment of sheriffs sales and levies on personal property It also relieved all sheriffs from any liability The resolution will become ef fective Immediately upon concur rence of the House and signature of the governor Measure Gives Dictatorial Povyers to State Secre tary of That Bureau HARRISBURG March By a vote of 160 to 8 the House to day passed the Sordoni bill extending the powers of the banking department by permitting limitation of with drawals without closing the banks The measure went to the Senate for concurrence in minor amendments The bill making legal the emer gency joint resolution of the House and Senate permits the banking sec retary to allow banks to remain open even though they restrict the with drawals of their deposits Such emergency power will remain in force for six months under the provisions of the Sordoni Bill but may be ex tended for two years by proclamation of the Governor of the Commonwealth With the House rushing the meas ure through for final passage many state banks took advantage of the lifting of the more stringent reetric tions embodied In President Roose yelts moratorium proclamation and opened their doors for the activities permitted by Secretary of Treasury Woodin Dr William D Gordon state sec retary of banking said today that the clearing house associations in Continued on Last Page Roosevelt to Ask Broad Powers WASHINGTON March President Roosevelt will ask Congress to grant him broad power to deal the fastshifting banking and finan cial situation In the special message will send to the extraordinary sessioa of the new 73rd Congress tomorrow the President intends to point out that the situation is changing so fast in various sections of the country that only a broad authority in tha executive can meet it Ikistrative of the changing situa tion from day to dayalmost from hour to hour it was pointed out that t on Monday there was almost universal agreement among bankers and gov ernment that extensive issues of scrip would Tie necessary to cops with the situation Conditions arc now considered to have so changed that issuance of scrip on a national scale either by the government itself or by the various clearing house associations will nofc be necessary What scrip is issued probably will Continued on Last Page ies of Times PieEyed Pete is giving close study to this here liquid asset matter and wants to know if the Eighteenth Amendment will be repealed by Sec retary Woodin Scrip will be scrapped advices in dicate Scrumptious I Bill Gilpln banker and World War rior points out that Delaware county will soon have two majorgenerals off the goldbraid standard Little Mary Hogan is a pathetic song but Bricky nearly laughed him self to death when Will Boy Jen kins tried to sing it Will Boy used to be a good singer but he has never been the same since he injured his arm pulling it from that tripe barrel Nate Margolin met Tom Mix at Camden airport yesterday But it wasnt because Nate wanted Tom to teach him to throw the male bovina Getting a check cashed these days Is about as easy as finding a cop ia the First ward They are thinking about changing the lettered streets in Washington Maybe some of our poor congressmen have learned their abcs They say its hard to get a bill changed these days So far weva experienced no trouble Joe Kelso is beginning to study civic government One of these morn ings he says he would like to see how a police court is conducted Canadian banks have felt no scarcity of money so far They wont as long as we have prohibition in this country A burglar stole 25 revolvers and 10 rifles from a local store No matter what his aim may be detectives say he is still Speakertobe Rainey says real beer will be here by April 1 In case you dont like to be fooled remember the date TThe Weather WASHINGTON March Forecast for tonight and Thursday Eastern Pennsylvania Generally fair and colder in southwest and probably snow flurries and colder in west an dnorth portions tonight and Thursday New Jersey Generally Jair and colder tonight and Thursday Western Jiocal snows tonight and Thursday colder in treme vest portion latci tonightj much colder Thursday afternoon ani night TODAYS TEMPERATtHRES 6 a rn42 11 a m49 7a ni43Noon 50 a m43 l pmJ 752 1 9 a m49 2 p m53 10 a m 49
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