Chester Times, March 9, 1933

Chester Times

March 09, 1933

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Issue date: Thursday, March 9, 1933

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Previous edition: Wednesday, March 8, 1933

Next edition: Friday, March 10, 1933

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Chester Times (Newspaper) - March 9, 1933, Chester, Pennsylvania DA'IY AVERAGE .NET PAID CIRCULATION FOR SIX MOM HS ENDING S Kl’IT.M RER 20,1 OS FINAL EDITION ★ ★ ★ ★ With All Latest and Best News of the Day -mr 57TH VEAR—NO. 17.536. ZANGARA FACES ELECTRIC CH AIR: PLEADS GUILTY Assassin of Mayor Ormak Little Perturbed in Court Proceedings Are Brief. With Slayer Aiding: the State’s ( ase COURTROOM, MIAMI. Ila , March 9— (INS) —Smiling broadly and apparently indifferent to his fate. Giuseppe Zaftgara, Italian anarchist who fatally wounded Major Anton J, Ormak, of Chicago, in an attempt on the life of President Roosevelt, pleaded guilty to one of two counts at his arraignment on a charge of first degree murder today. Arraigned on two counts charging first degree murder, Zangara pleaded Guilty to killing Mayor Anton J. Cermak in attempting to shoot President Franklin D. Roosevelt. * His counsel asked that the second count, charging premeditation in the killing of Cermak, be withdrawn, The penalty under the guilty plea is death in the electric chair or life imprisonment at the discretion of the trial judge. Defense Attorney Twyman, in entering the plea. said Zangara would (ell the Whole truth about tire affair if the court wished. The Italian, however, Twyman said. did not know Mayor Cermak and had no intention of harming him. As State's Attorney N, Vernon Hawthorne read the indictment, the former Hackensack. N. J., bricklayer shouted: “I want to kill president! I hate all capitalists!'' He gesticulated wildly, his eyes blazing, and the heavy guard whi* h surrounded the Italian closed in on him ominously, ordering him to be silent. Then his attorney, Twyman, entered the plea of guilty to the first count. State’s Attorney Hawthorne announced agreement to tvithdrawal of the second count against the assassin. and Judge Thompson ruled that no plea be entered on the count. Both State and defense attorneys announced they were ready for the hearing to proceed immediately This procedure is required tinder Florida law before evidence can be lizard in passing sentence in a capital case. Witnesses, principally doctors and police officers, were then (ailed Tom Armour, of Miami, was the1 first witness. He testified he w'as among the spectators at Bayfront Park that welcomed Roosevent February 15. Armour pointed t<> Zangara when State's At Forney Hawthorn*"1 asked if tire man who fired the shots in the park that night was in the courtroom. He testified he stood beside Zangara and grabbed a‘ his arm "hen his atter'ion was attracted by the first shot Zangara smiled as Armour told of holding the assassin’s nrm as the shots were fired. Mrs. W. F. Cross, wife of a Miami physician, credited by Zangara with twisting his arm upward and deflecting bullets from the President, was then called but did not respond. She Avas not in the city. OPTIMISTIC VIE AV OF MA NU PAI TUREK Dr v I *»! et! Wire Report* « { United Press (OP) rad Interna; rone I News Set nee (INS) CHESTER. PA.. THURSDAY, MARCH S. 1933 EIGHTEEN PAGES PRICE, TWO CENTS HAPPY DAY” SMILE FOR WHITE HOUSE SCRIBES ffl»uE.v roosevelt asks the IN PHU A. AREA Plans Made for Putting $5,250,000 of Substitute Into I se Is Banned by I . S. in New York; Banks Reopen I rid; v CONGRESS FOR PO WER TO CONTROL BANKING COMPLETE TEXT OF ROOSEVELT MESSAGE Chester Banks Await Orders Chrrter banks weir still awaiting furthei orders from Washington to extend their service to patrons today. No order has been placed fot scrip and indications today pointed thai this means ot exchange probable would be un-neeossury    No decision has bei n made on making lip payrolls, pending definite orders from (he secretary of the treasury, Safe deposit box ? art open to patrons and change is being made for all customer.' Iodine instructions from Washington are expected to greatly elal iii the situation. Wearing the broad, confident smile (hat became n familiar during hi- campaign. President Franklin I) Roosevelt is pictured as he replied to th** eager barrage of questions let loo e bv reporters af the first White House press conference. The President im pre- '.rd all with the calmness and confidence with which he is tackling the problems that provide the first big test for his administration. McClure to push UTILITIES PR ORE Senator, in Statement, Says It Will Proceed De-spite Resin nations HARRISBURG, March 9 -(INS) -Despite the resignations of its three counsellors, the Senate Utilities Investigating Committee will conduct a vigorous prosecution of pending court cases and frill continue its authorized inquiry. Senator John J. McClure committee chairman, announced today, No action has been ta kin on the resignations of Oliver K Eaton, Pittsburgh, rhir: < nisei; J. Juliu I u y, Scranton, and J. Cullen Ganev, Bet lilt hem. A formal statement issued by McClure said: "The S< nale Investigating Committee will vigorously prosecute the cases now pending in the courts and will continue its inquiry as required bv ( I hr Senate resolution of August Ik 1932. which calls for a full, complete, j impartial and searching investigation of the public utility companies and individuals connected therewith." TURNER EXP!,AINS PURPOSES OF HH.I. FAIR ANI) ("OLDER WEATHER PREDICTED Fair weather is predicted her*' today, and it will be colder throughout eastern Pennsylvania, New Jersey, Delaware and Maryland. Tomorrow will be fair also, The highest temperature h -re yesterday was 55 degrees., at 1201 a, rn. and the lowest war, 56. a* 6 45 p. rn. The average of 50 was twelve degrees above normal for the clat'' and twenty-five dfgr* " above the average March 8 last year. Maximum tempera t hit for th° date is 74. established in 1921, and minimum 14, in 1883. Sun rise today was at 6.22 a. rn., and sunset will be at 6.01 p. rn., east-run standard lime. SPEAKEASY RAIDS SHIFT TO STATUS Woodcock Orders Agents to (’onccntrate on Liquor Sources SOVIET RUSSI A FLAN EXPLAINED It was revealed yesterday, In con-’ r.cation with a leader of one of th -large manufacturing concern* in Cheater, that the present financial situation has had a stimulating effect at least upon his particular industry and it is his belief that the effect will slowly but surely spread over the entire industrial field. The executive said, that during the past two days he has received a number of large orders for his product, evidencing the belief on the part of consumers, that there will be an increase in demand, which will entail a consequent pra e rise, when financial conditions have been more normalized by the full resumption of banking functions. It was also said that the ordefs were placed at a figure slightly above the market value at in? present time, which is another j indication of an anticipated substan- j I.a1 rise in prices. BASEHALL LEAGUE PLANS UNDERWAY Preliminary plans for tim formation of a baseball league within the rank' of the Triangle Club, were discussed last evening at a meeting of the club h°ld in the Y. M C. A. building. Seventh street and Fdgmont avenue. Grounds on which to plav the cames of the league has not vet been secured and the preparation of a sea-on schedule will be made after a playing field has been designated. I. C. Bupp. secretary of the boys’ depart menf of the Y. M, C. A is assisting the club with their spring : ports program. HARRISBURG. March 9 <UPt~~ The Turner $io,ooo.n0o state government economy plan was defended today against a campaign of opposition credited to the State Welfare Department, Rep. Ellwood J. Turner, Delaware county, who initiated the economy schedule, said in a statement here that tlie total savings proposed ‘'did not include any amount whatever cut from direct financial aid to hospitals homes or wards of the state." "Contrary to information disseminated, the bill does no' eliminate , the welfare department supervision over all state institutions and ail children’s institution.', in th*1 commonwealth: administration of the system of assistance to mothers; labor systems in penal institutions: relief procedure following catastrophe in j the commonwealth, and supervision over ad boarding homes for children in addition to many other functions " What the Turner Bill does do, he explained, is to consolidate the departmental work into four bureaus, those of administration mental health, institutions and prison labor, and to transfer auditing work to the auditor general’s department. I VI I s I ROM LADDER Ned Watkins, of 1923 West Front (reel fell from a ladder while working near his I ionic yesterday aft r-noon. He was taken to the CTvsstrr Hospital where he- was found to be suffering from a contusion of the bai k I IRE SOON EXTINGUISH! D Marcus Hook firemen late last night were called out to subdue a chimney fire in a building a* 1018 Market street The flames were subdued with chemicals No damage to the building was caused Hoi ired Naval Officer the I Speaker at Pike Kiwanis (Hub Meeting: Lieutenant Victor Blackfire, of si. Davids* a retired naval officer, was the guest speaker last night at the weekly dint)er-nio''ting or the Chest" r Pike Kivvnnis (Tub. held in the Boone avenue public school, Glenolden. The speaker, husband of a Rn -sum woman, a member of the former royal [anniv cl Russia, and lady-in-waiting to the late Czarina, and who recently returned from a visit to Russia, where he and his wife made a tour of the country, told the members of the club of the progress being made under the five-year Soviet plan He also told of the "back to the farm" movement and of the improvements being made rn agricultural nu* (Timely for tilling the soil. Military training, he said, was also much improved over that of fortivi years. He told of witnessing a parade in w hich 50,000 soldiers participated and said the men were trained equally as well as the cadets at West Point. Religion, he said, could never be driven out of any country nnd esti- ( nntinued on Page sjxtren BICYCLE THIEVES AKE AGAIN ACTIVE The pare call of spring to the open is blamed for the sudden hieve . who have e vera I months, were reported to activity of bicycle been inactive foi Two bicycle them police yesterday. Alexander Ka I st re 1 u Id police parked outside Railroad station while iv wa rn mmut* s '; < blk' o* her bicycle stolen Mark* t streets, wa,* William Mf land street1 esse, 802 Potter lie left his WI tee] the Pennsylvania t Sixth street and th' station a few disappeared, The rom Fourth and the property of Gonigle of Fifth and Up- I. S. TU I ASI KY RUPORT WASHINGTON. March 9 (INS) Treasury balance ax of March 7 $137,767,680.34; expenditures, $15 926,. 832.32; customs receipts, $3.183 443 69 HORSES WITHDRAWN FROM RACES TODAY (Bt United Press) How I. S. Purposes to Put Banks Back    o Sot id Basis WASHINGTON, March 9 The Prohibit mn Bureau announced it had directed its forces throughout the country to sp-wia zr on eradication of the sources of liquor supply, leaving the handling of "speakeasies" to the States. This action was taken by Colonel Amos AV. W. Woodcock, director of the bureau, as the 1934 appropriation for the Department of Justice paused by Congress prevents agents of the bureau from bus ing liquor for the evidence heretofore relied on in I he prosecution Of speakeasy owners and employ es. Congress provided thai no gov* ruin mt money shall be used ior wiretapping lo procure evidence against violators of the Volstead act, to purchase intoxicating liquors or to pay informers, "While these provisions do not become effective until Juh I, it seemed dr Arable to make the bureau’s operations conform immediately so the wishes of Congress, not only for tin principle involved but for the practical reason that the case made now will likely bp tried after Juh I," Colonel Woodcock said Therefore, on March 3, Circular Letter No. 179 was issued, putting these restrict ions into immediate effect " Referring to dropping the <■: n-paign against retail liquor sellers. Colonel Woodcock said: I "It is probably a good thing in the long run, because it will tend to force attention upon the responsibility of local authorities upon speakeasies and similar viol.Lorn, and make our work more effective by fixing a more definite objective.” "The great bulk of complaints which reach this office and the field offices are in regard to the speakeasies." Colonel Wooden* k added. "In the future th' officials of this bureau must refer such complaints, in the main to the local authorities. It is to make this fact clear that this statern* nt is made ' PINCHOT ON “OUTS” W ITH ( LYDE L. KING HARRIKKURII Mar.h ft (INSr Gov Gifford Pin* ho* came out lode v with a sensational declaration of displeasure with ho. fiiend and (Torc advt: *:    Dr    Ciyri* I King, and asserted that the usefulness of the doctor as chairman of the P* nnwlvania Public Service Commission "is tit an end" It pain? rn'1 aid the Governor, "more than I can say after these many years of friendship and in spite of Hie admit able work done bv t lur commission while he has been chairman to bf forced to recognize that Dr Kings usefulness as chairman of the Public .Service Commis-■ ion is at an end " FRANCE ACCEPTS STRAUS PARIS. March 9 (INB)- Jesse Is id or Straus. New York merchant, is acceptable a American Ambassador to France International Nev.1 .Service learned today, While the Philadelphia Federal Rise ive Bank, under instructions from Washington, today launched its attack against gold hoarders, the Philadelphia Clearing House was oomph’ I * ing its plans for putting $51,250,000 of scrip in cir* ulation to meet Friday's payroll demand?, in that city. That the government had taken definite .-steps against gold raiders was revealed last night by George W Norris Governor of Hie Philadelphia Federal Reserve Bank, who cequi ted of all member banks the names and addresses of those who, since February I. have withdrawn and have not rr-dcpo-lied gold. This development climaxed a day in which Philadelphia banks showed the greatest amount of activity since Governor Pinch*)! declared the morn tor him. While many leading bankers today still insisted normal bank operations could not be resumed until some form of federal guarantee of bank deposits were made bv the government, it became inevitable that scrip in the Philadelphia area would lie employed tomorrow unless definite orders to the contra iv is forthcoming from secretary of the treasury Woodin. "The Philadelphia Reserve Batik, acting under the authority of the Federal Reserve Board, last night sent out a li ner to all member banks in this district requesting the name* and addresses of all persons who had withdrawn gold since February I, and who did not return it before March 13, "The letter to the Philadelphia Reserve Bank, by the Reserve Board, reads as follows ‘It is requested that you prepare and forward to the board as soon as Continued on Dy* Sixteen SERGEANT I GII ES QUITS STATE POLICE Sergeant Joseph J. Ughe.x. of Troop C, Pennsylvania state Police, has resigned from the force, it was announced at Reading yesterday. His resignation becomes effective March 16 Sergeant Ugh* ,, who has 15 years' of .service to hi? credit, us eligible !<>r pension, He was formerly In charge of the Norristown sub-station but for tie pa-1 two years iii*?' been w.th Troop C lationed at Reading Sergeant Ugh*" pa 11 ie I pa ted in the investigation of th*1 murder of WI!-! ham Norman Heim, a1 Militia Hill, near Ambler in 1929; the ease of Mr Mary flier Vetter, who was found shot i*» death in a country home near I Pott * town, two years ago, and was active in many other important cases. Sergeant Ughes was formerly stationed in this countv and was widely known here for numerous raids he conducted on gambling houses and j peakeasies GOLF) HOARDER CHANGES TO SILVER SACRAMENTO. Cal . March 9 Five thousand dollars in gold was brought out of hiding ’n a bunk her* t oda y. Joseph lf Stephens, president of the Merchant.' National Hank Mild a man came into Hie bauk and emptied a ack of gold coin1 on the coun-?et asking it be exchanged im silver While accommodating him Stephens asked where he got the gold “Well ’ the man raid, I knew this was coming a wear ago, so I drew out all nu. nionev in gold But I'm too .•.mart for em I " now that tile United States might go off the gold standard, 'n I want to change this gold for silver.’’ WASHINGTON, March ti- IT' The text of President Roosevelt A message to the special session of C’ongre«w follow*. I it the Senate tort House of Rep resentatives On March S. hanking operations in the I nited States leased, lo review ut this time live * nixes of this failure of our banking system is unnecessary. Suffice it in sav that the government had U in compelled to step in for the protect ion of depositors and tile bttsint s of Hie nation. Our Iii si task is in reopen alt sound banks. lins is an essentia! pre liminaiy to subsequent legislation directed against speculation with the funds of depositors and other viola lions of positions of trust. In order that the first objective-the opening of banks for the resumption of business may be ac complished, I ask of the < ongress (he immediate enactment of legists tion giving to (he I verutive branch of the * Government control over hanks for tile protection of depoxi tors; authority forthwith to open sn* Ii banks as have already been as inturned to be in sound condition and oiher such banks as rapidly a-possible; and authority to reorganise and reopen such banks ax may hr found to require reorganization to put them on a sound basis. I ask amendments to the Federal Reserve Act to provide for such id ditional currency, adequately secured, as it may become necessary to Issue to meet all demands for currency and at the same time to achieve this end without Increasing the un secured Indebtedness o! the govern ment of the I nited States. I cannot too strongly urge upon the Congress the clear necessity for immediate aition, A continuation <•> the strangulation of banking faeili tics is unthinkable. I he passage of Hie proposed legislation will end this condition and I trust within a short space of time will result in a resump lion of business activities. In addition, It is IIIN belief that this legislation will not only lift inline diatelv all unwarranted doubts and suspicions in regard to banks which are IOO per cent. bound but will also mark Hie beginning of a new relationship between the banks and Unpeople of tins country. The members of the new Congress will realize, I am confident, the* grave respoiisfhilif > which lies upon me and upon them. In the short space of live da vs it is Impossible for us to formulate completed measures lo prevent the r* i urrence of the evils of the past lids does not and should not, however, justify any delay In accomplishing this first step. XI an earlv moment I shall request of the Congress two other measures which I regard as of immediate urgent' Mitt) aition taken thereon we *an proceed to the consideration of a i ounded program of national restoration. I Signed i FRAN KLIN' H ROO* I \ I ll HOARDERS GIVE UP MILLIONS IN GOLI) NKW YORK. March 9 'UP The extent, to which gold us coining out of hoarding wax indicated today i when it was disclosed that $35.OOO.(XX) in void and gold certificates had been paid into the Federal Restive Bunk ut New York. This represented gold payments into the Onnk on Monday, Tuesday and Wednesday. The bank paid out about $9,000,000 in currency to member bank;* y*">-teiday, which is a bout normal. Al inured u n* k.*s tori;* v cun! mued to roll up to the Federal Reserve Bank un Liberty street today many of them containing bags of gold which have been smoke (Iou! ut hiding ar result of the banking ntuatiuti ST, PAI IJS SFH VK I Sends Message to Special Session Opened To-day for Authority to Open Immediately Sound Institutions and Unsound Units as Soon as Possible After Reorganization— Would Amend Reserve Act V aluminous Bill Presented to Prevent Specula-tion in Foreign Exchange, and to Prohibit Exportation of Gold and Like Treasury Payments    Congress Organizes and De bates President's Measure WASHINGTON, March 9 (UP)—President Roosevelt today a^ked th* new Democratic Congress for blanket power to protect the nation's bank depositors and for action to provide additional, adequately secured currency to meet the present crisis. In bis first message to the extraordinary session of Congress, the President called for immediate action to permit reopening of mil ne! banks, reorganization of others and an amendment !*• the Federal Reserve Act to provide needed sound currency. rids is an essential preliminary to subsequent legislation directed against speculation with the funds of depositors and other violations of positions of trust," he said. The add it iOlin I eutrenoy, he said, should he as plentiful a* necessary to nice! all demands. But, he insisted, it should not add to the unsecured indebtedness of the Government. President Roosevelt asked legislation which would: 1 Hive the Executive branch of Government control over hanks for Iii*1 protection ot depositors. 2 \uthoritv to open hanks ascertained to be sound at once and other hanks as rapidly an possible. I- \ tit hunt v to reorganize ami reopen hanks requiring such treat* rn I-n t. U. S. MONEY FACTORY WOK KS OVERTIME i WAHI II NOTON. Mhk ll 9    1    UP) The governments money tit*: tory worked at tup speed today, turning out hundreds of million?, of dollars In rn w Federal Reserve notes which will be put into circulation under President Roosevelt’s banking program. Three*? hil ts of expert engraver* and deft-fingered women worker* were piling up stack after stack of ,he crisp new bills at th*1 Bureau of E'n-gravmg and Printing, where all United Blains cum-nev is made, The Inn eau has ben working 24 horn?; n (lav since March 4 and has retailed all employe?? Before thai it wa?; working only one rim' and many workers were on I in lough The building is guarded like a fort. Vis I tors may watch only from galleries high above the workrooms where truckloads of $1, $5. $10 HOO or even $10,000 bills pass beneath their eye*. Every sheet of the .-.penal silk-tbrended paper, even piece of currency, is counted and recounted at each singe in the proc?    lf    the count isn’t exactly right, no one can leave t he building until the et rot is found Shoot* polled on the piocess min t be account * d for. As noon ii”, the crisp new bills me completed. I hcv arc hired in impi * enable A aul' 1 here lo a vvall dis ■ I ii hut ion through the Federal Reserve banks, FINA NCI \L EXPERT W ILL EXPLAIN SC RIP This emergency program was urged ahead of everything else in the brief 500 word message, one of the shortest ever sent on a major mitier. “I cannot too .strongly urge upon the Congress the clear necessity for immediate aition,’’ President Roost-‘it said. lbs message was terse. Sentences were short and stripped of all decoration. Each phrase headed straight at Its objective. He did not deviate to describe causes leading up to the drastic proclamation issued last Sunday midnight to protect depositors and the nation s business, "Our first teak la to reopen all iound bank? Hie President said President Roosevelt omitted all de-tnlls from his message, desiring to si t ike broad and heavy blows at his ob feet ive. He dt ult with the addition*] currency plan is one sentence; "I ask amendments rn the Federal Reserve Ac! to provide for such additional currency, adequately .secured. aa It may bicorne necessary to issue to meet all demands for currency and at Hie same time to achieve this end without increasing the unsecured in-debtfdne: ?, of the government of the United States.” Tins was construed ax a warning against mere printing press money. Extreme inflation! ts had proposed punting pap-r money which would merely bear a promise to pay President Roosevelt appd >ut iv intends to insist that ever v single Federal Reserve note u* * I hall be put nu* en th* I length of collateral gold backing, government bonds, some form of Continued on Page Sixteen The u;;c of scrip as a national currency '.*’111 by Dr. VV J L ,-i ickson subs! it uie for be explained of Philadel- flnance, la fore the ot * mined of i he and * ’ her public ■ * cr pike I*I en and nearby commu- j,hi.I, an * :<p< i’ on oui g* es. in* rn b*' I se\ ei a I bm min bs officials in th*1 Cb Malibu officials i nit se , rn t he auditorium of ? Iv port Park firehouse, Pi aspect tomorrow night An un ii it ion has been ex to anyone t* siding in tit* te IDI crested m t he r ub,lect 1 > < the meeting which will bego ii I lo* k Pen jarnin F Moorc. t of Prospect Park will pi* I opicsof l imes Pro? -Pat k ended ! bm y, t1 tend a t a Tic preacher at the Thursday evening Lenten .** rvice in Sr Paul s Church Broad and Madison st reel?, tonight wdj be the Rev Thoms.‘ A Meryweather, rector of the Church of 'n*1 Atonement af Morton The Rev paul S Atkins of York the in* bounced preacher. us recovering ti mn an emergency operation for app*a rib Hi* SfM* AA ORK M A * it * 11 tutti MISHAP of 212 Penn st!'i Hied leg vest ere load a moving a in carrying a he; re and slipped f ;< motor the ( he* t r* at mr ti irk cr Ii He and LH.S. ALUMNI KIWANIS (LUI! HAS BHI REUNION EXPRESSES FAITH Government Heads Plan lionnd-Hp of Hoarded Gold AT HAVANA 1—Rob Perbnhnrr, ''tar Ballot, 2—-Fair A ag -v. fervor, Ninas Bab,? Real Silk, Iightfnot Don, Brown Mole. 3— None), J—Netie Pebbles, Alae Price, Mexican I)., C ampomanev Red I.ikker. A— None , 5—My Madam. AA of ta Life, Overboard, Stefans I,ass. Do* tor AA'il-mn. — Runaway Kid. Arundel, I venin,-Skv. feather, clear; track, heavy. AT HI ALLAH PARK I — * None.) 'A—hilts* Lee, Diadnrins, 3—i None.) I— None.) >— I N one,) 6— Mike Hall. 7— Yancey, r hok*drr*k-p, bure Top, ( bSumner* Aweather, clear, track, last. WASHINGTON, March f' (INS) Eleven billion dollars- about ax much gold as there? is in the world may be rn circulation in the United Suites within the next few weeks in the government'* gigantic effort to gel the financial structure once again on a solid bm n Is believed to be ’tie require- th While the real objective drive is to bring about the normal functioning of banks, with busine*.* conducted on the check bas.? apparently currency mu t be expanded on sound lines to a sufficient degree to take care of the country’s business before that us possible. With national scrip definitely out of the picture, according to Secretary of Hie Treasury Woodin, tho plan apparently is to expand federal refer1.e note * rn* alation and po* iole national bank note circulation. Under Cxi?ting law these notes can be In-e lea-cd by $2,840 (TK) OOO st hi mini* taming the 40 per cent, ratio of gold against federal reserve notes and making no change in the require-men's for national bank note*, which are hacked bv government bond* rn hts "O’lid leave circulation from J. .200,000,000 to $2,Qu0 000,000 short of wha * merit. This could bv secured bv impound -mg memhet bank gold, as authorized bv the Federal Reserve Board, and issuing ie. enc notes against this e-runtv vs a temporary measurr retiring them as the banks began to cr -sum* their normal functions 'la*1 latest available figures for gold circulation was $478,837,314 at the etui of January. This undoubtedly increased sever*] hundred million du. -mg February arui the first week ’n March a very considerable portion of the , ■ is held by member bank* although reserve board statistician-! md the amount is not definitely known If there were $600,000,000 in gold sn the hands of member banks HJS would permit issuance of federal reserve note? of approximately $!.-50) 090.000 The Fcder lowering of which also ct expansion, a required to ii Res?-; the gold .Id be u: rd Ai ? amount of th* on m th* iii lilt' rt'Cui-c0m*t perm.f equipment for further Ithottgh the banks are pay a ill tax on the rad ar' ion ? form of rales, W h inc i 39 Classes Represented at Affair in New Century (lubhouse Cares and problems of the pre sen* day were se? aside last evening by .SOO graduates of the Che s' er High .School, who joyously Jollied in a sew experiment thai of holding a reunion of a1! classes, in place of thf usual individual class gatherings The affair wa? lurid rn ti Chester New* Century Club house Fifteenth and Upland streets, and the building was taxed to its capacity by those cager to Tern w old high school friendship? Following Hi** banquet, at which all classes were seated In groups. Malcolm Petnkm, chairman of the committee in charge of the reunion called upon th** representatives of classes present To rise The el asst** n*pre-sented were 1884    1888    1890. 1891. ’892.    1894    1895,    1897    1898,    U’M>    I SKK? 1901    1903    1904    ;906,    1907    I HOB,    1909 1910 -1911    1913    1915    1917.    1916.    1919 1920.    1921,    1922    1523    1924    1925    !926 Commends I vocal Hankers, In Cnanimous Vote, for A hi lit > and Integrity dvanlag** of Hie opjxirtun-at their firs* meeting folds ilk holidav. of express-i the officials and dir* *'ors banks Kiwanis flub mein-day p sued by unanimous elution that the dub go as expressing full confisk ill, ability and micg-of l*xal banking inxti- Cunltuueii on Cage Fight Taking < it v offered Sowing the mg faith ii of Chester bees yestei VO! < . a I e on record deuce in the rnv of officer muons a eopv of the r* ■volution will be p.a^ed in the hands of the president of each of the local bank... Introducing the resolution Harry Kane pi*' id* ne of the Kiwanis Club remarked "Cheater hanks are to be commended upon the manner in which they have met the present situation.' Depression was further discu * *! by the guest speaker. Jam*" H Gravel! presider* of the Delaware River Ferry Company who wa*, a t UMLuued on Tag*? huleen The Federal Government la going after the gold hoarders. It plans to compel iii* rn to return th* gold which they !o<(k out of the nation ? bank? In the sen*’, of gold raids which, together with foreign gold raids, precipitated the nation-a m banking < iLfu Th* gold iaiders hay* been given until Mardi n nex* Monday to come forward voluntarily and re? im to the banks the hoarded yellow metal. Unless they do so, Uncle f .un will take ii* ii >t* pc a are available under the federal J Ta ding With the Enemy Act to make gold hoarders behave A; a preliminary step all of 'ii* 12 branch banks in Die Federal Reserve System sent out letters to member banks requesting the names and artdre.ves of ail person? who have withdrawn gold since February I, when the gold raid? began on a large scale Chester u within the Philadel-phi.i district. The iettei wax Hilt out under Instructions of the Federal Reserve Board at Wa-hmgton. The formal statement i, uaed by •he Phil Bank of flu* gold idejphui th* Goa boa cdr a al I It font w? Th* ><■? sn Phil urn!* F in this and ad wit hem and w M nth "Ti i*’ Rf sen* reads i - I? Rd fOl posslbli com pi men-bf r un? Hie B t n f it th nigh bank nam* Since the bank holiday was prods imrd n is now quite all right for ;i decent, respectable girl to sit in and play scrip poker. Hundreds of tons of scrap metal have be* n .shipped from the Sun shipyard here to Japan. Well, they’re been urmg a lot of metal during their present scrap. Prosperity is gradually appearing in Canada Just like it to bob up in a j country that doesn’t owe Uncle Sam a nlcklf Sid Franklin. American bullfighter, ails im Spam to take on a few of the Spanish variety Guana our American kind was too much for him A oral man broke a leg jumping off a truck yexterda • ll would have be n embarrassing to think he broke it bv falling off a wagon. "I he dumbbell* of Marcus Hook thinks an East Indian who was arrested here by immigration officers, for "lumping a ship is some sort of an athlete A fellow arrested here for stealing a radio receiving set will now face th** nm ic without tim aid of th* ft e t. A hi ? r poults out th,it the statu* of Liberty .still drawn crowds in New York, Maybe it’s because people ftg- i1 re that the only place left whee* they ran find liber!a J, rq im rn ii; B , Ut re n< no had I. before rJdphla Board I he YYe.it her us rcqu* led that von prepare ward to the board, ar soon as * after March 23,    1933,    a?> to a lr ' as can be made from information you are able to obtain of 'h*- names and addresses of all person* who have withdrawn gold from your bank or a member bank in your district since February I 1933, and who have not redeposited it in a bank on or before March 13 1933 * *T is added that she Philadelphia Reserve Bank w iii be obliged for anv nforniatinn which member banks can furnish," WASHINGTON, March 9—(I P)-, Forecast for tonight and I rids?: I astern Penn*.? I? .tuiu Generally lair tonight aud f rula? colder tonight and in east portion Fridav New Jersey: Fair and colder tonight and Friday except cloudy rn ft oath portion Friday Western Pennsylvania:    Genet ill* fair tonight and tolrier tonight. ■fnbaMf Frida? TOI) AYN I I Al PER A I I RF 6 H rn...... 42 11 a m..... ?4 7 a rn, ... , 43 Noon ut 8 a m. .... 40 I p. rn, ,,,. IU 9 X m Al 2 pm..... 43 IO a in...... 12 ;

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