Zanesville Signal, The (Newspaper) - January 5, 1931, Zanesville, Ohio Prints the News THE ZANESVILLE SIGNAL Tells the Truth OL LI NO 215 ZANESVILLE O MONDAY EVENING JAN THREE CENTS Closed So That Of Funds n Bank Can Be Made Closing of the State Security bank Monday morning on orders from O j Gray state superintendent of banks caused only a mild furore of among business and cial leaders and while deeply ted by the citizenship in general had no appreciable effect on the conduct lof the regular routine of local and commerce No sooner had word of the closing jof the bank been Issued to the Ilic and depositors through the medium Icf publication than a call was issued I for heads of other banking to meet and take a canvass of i the situation Accordingly a statement was issued assuring residents ot Zanesville and vicinity that the stability of the community was sound and prepared to meet any I emergency that might arise as a re- suit of false and exaggerated re- f ports incident to any temporary change or interruption of this acter O C Gray state superintendent nf banks who announced shortly utter taking charge of tile bank this morning that depression in real estate values and tion of bond accounts were marily the cause of bank's suspension was Interviewed again mis afternoon and was more op- In giving his phase of the situation He could not state definitely how long it will require to bring about re- adjustment It is a slow he REPORT ED Expect Adoption Before Nightfall BULLETIN Washington Jan house this afternoon passed the drought relief hill that amount lor loans to farmers ill drought stricken re- gions f Congress reconvened at noon V day following a holiday recess F since Dec 20 k Washington Jan machinery lor distribution of federal drought re- lief funds IB practically complete it was made known today when the appropriating for the re- lief of drought-stricken farmers was reported to the house Adoption was expected before night Hearings before the appropriations committee made public at the same time revealed that farmers who need money to meet requirements for spring wheat in February would be taken care of In ample time A tentative allotment of the funds is to be made among the various needy states so that no one area will benefit at the expense of another The amount of loans to each ual also will be limited and paid In installments to meet the needs The report of the hearings showed the appropriations com- hud been assured by the agriculture that a of at least per cent of the loans might reasonably be expected and that the cost of administration of the fund In- would not ex- ceed The clause inserted into the at the last minute which would allow the agriculture secretary to moke loans for cuny purpose incident to crop was the subject of lively discussion during the hearings it was revealed Some had thought this would permit loans for food Secretary Hyde testified the phrase used in order to permit the chase of gasoline He denied that any of the money be used for food loans but indicated it left the way open to do anything that the of producing a crop might re- quire Congress resumed its sessions In on atmosphere of political sorness Tho controversy over drought unemployment relief apparently far from ended and there are now developments tending to greater of political disputes than was tho case when the short session began As members of the senate and bouse gathered the latter body planned to adhere strictly to tine business The senate ever tends ti to and Award n special session Air Hoover has refused even to contemplate the Idea of an extra session and lias so Informed They support him wit bout reservation In thK and Senate Lender son Is in bis assurance that the appropriation work will lie completed by March -I Tho business before Is a to provide Joint for mothers nnd In- fants Appropriation bills passed by tho house and now before the senate will toko precedence however Then there Is a prospect of an im- mediate onslaught against tlie new federal power commission re- cently dismissed two employes i teemed by many for their opposition to HIP power A movement to remove several com- missioners begun and there arc tho discharged men may bo reinstated to quiet the slorm said In some such Instances ever the work has been done In 60 days it was learned here today Superintendent Gray found sons for hope that the difficulty will be successfully ironed out ing is the fact that the bank has equity in the building it he explained Tho site at the important tion of Main and Fifth streets is he pointed out Insured at the property will undoubtedly bring more than that sum while tures are worth about It is No formal announcement as to the assets of the bank and the amount that depositors will realize upon final liquidation could be obtained today from Gray who however declared that it would be Impossible at this time to determine amounts that could be realized on the bank's paper or notes He said that ing of the affairs of the institution had not progressed to such an extent that it would be advisable to make any predictions on what amounts could be returned when final ments arc made With the State Security bank having a large clientele among farmers and those engaged in pursuits of Muskingum and adjoining counties local financiers and others familiar with local conditions attribute much of the bank's present to these unrecorded ments In the country's history Resources of the bank as published on Jan 3 of this year were 934.80 Superintendent Gray said in all probability there would be every effort made to dispose of the assets of the bank at the best possible ure although he could not foretell at this time whether the sale could be completed in total to other banks He further stated that for some time past efforts had been made to sell the bank and forthwith merge with banks and at inter- vals a consummation of the deal certain These efforts will be continued Gray said When news of the closing of the bank became generally circulated a small group of depositors gathered in front of the bank building and calmly discussed the trend of affairs which were attributed to conditions over which bank officials had no control The bank was capitalized at OCO Surplus and undivided profits were placed at about by the examiners in charge The suspension of the Standard Securities Co several years ago operated in connection with lie Slate Security bank was believed to have been a factor in the closing of the bank today Inasmuch as loans and borrowed money by the Securities company indirectly affected the bank's The State Security bank was in 1910 through a merger of the State Savings bank and the curity Trust Savings Co and ex- a steady and continuous growth until the recent general de- pression in real estate values and de- preciation of bend accounts which may eventually permit the institution to liquidate or in full Watt M Barnett is president of the bank W B Deacon cashier J W Lane and C E Porter assistant ier George T Orr whose death curred recently was vice president of the institution Watt M Barnett president of the State Security bank was reported fering from severe nervous strain at his home today and was under a care He consented however to make the following brief Everything is now in the hands of the state superintendent of banks and all that can be done is to hope that affairs of the institution are such that they can be worked out Other Zanesville Banks In No Way Affected By State Security The closing of the State Security bank does not fect either of the other Zanesville banks in any respect None of the other banks had any connection with the State Security There are no interlocking or stockholders Each of the Zanesville banks is as solid as a rock and prepared to meet all demands that may be made upon us We are all in ample funds and able to meet all cies with our combined liquid assets of more than twenty million dollars Signed The First Bank J B Larzelere President The Citizens National Bank H J Knoedler President First Trust and Savings Bank F M Ransbottom President Seek Slayer Not until the body of Beulah Limerick above was being prepared for burial was a bullet hole discovered in the girl's head Now Washington police are seeking the girl's murderer with only notations in her diary as clews Two weeks be- fore her death Miss Limerick had ob- an annulment of her marriage to Earl a young man Five Killed Deep in Mine Shaft PRINCESS ROYAL DIES SUDDENLY COUNTRIES MOURN London Jan 5 The royal courts of Britain and Norway mourned day the death of the Princess Royal sister of King George of England and Queen Maud of Norway She died in her sleep here yesterday The Princess Royal who would have been 64 years old next month had been in failing health for several years Signs or increasing weakness from heart trouble brought her I daughters Princess Arthur of Con- j naught and Lady Maud Carnegie to j her bedside An bulletin Issued from Princess Royal's residence at 15 mail square The Princess Royal passed awny suddenly in her sleep at p m in the presence of Princess Arthur of Connaught and Lacly Maud Carnegie who urgent sages at their homes in London when signs of heart failure became 1 cut I The bulletin was signed by Sir Russell Wilkinson physician to the Princess Royal and sir In ordinary to Prince of Waifs King George ordered six weeks mourning at the British court after I Ills death A similar period of mourning was ordered at the court i Midvale O Jan will be resumed Wednesday in the Midvale Cool company's No 4 mine where live men were killed in an explosion it was announced today after mining inspectors had determined the cause of the tragedy E W Smith chief of the Ohio di- vision of mines and J J Forbes ol the U S bureau of mines said the disaster was caused by a blow out shot of powder that ignited coal dust left by two previous similar blasts Death of four of the victims was caused by after or carbon monoxide poisoning In- said The victim Ohler killed when he thrown fifteen feet by the force of the blast investigation showert that March Charles Carnation and Simon ana the other victims had -et charges ami were seated on the floor of tht mine beside their ner buckets The blast curred feet from where the men were sitting The four made a dash for the air shaft leet distant Their lamps were extinguished and the men fell one by one as they were by the deadly gas Their bodies were found after rescuers had penetrated the passageways Marshal Charles of W P Hunter W T Hunter and Hosteller rescue workers who overcome from the fumes were in Union hospital Dover today recovering from the effects of the fumes Fear It May Cause Extra Session Washington Jan sham law enforcement reportedly imminent prohibition re- port was becoming more and more of a bogey today in connection with President Hoover's plans to avoid an extra session of congress after March 4 Congressional leaders have advised the president it would be Impossible to conclude the business of the short session in two months If he submits the commission report regardless ot its nature have advised Mr Hoover to withhold the document until after congress adjourns On the other hand reports received at the White House Indicate the com- mission is ready after 19 months to submit Its findings and Mr Hoover's advisers do not believe it would be wise for him to accept a report on a subject of such outstanding interest and keep it secret for two months They think it would be better for the commission Is scheduled to resume its sessions tomorrow to withhold final action for several more weeks The prohibition report on which a majority of the sion has agreed Is understood to be predominantly dry making no recommendations for tion of the 18th amendment or for changes In tlie government's enforcement policy to permit legal home manufacture of beer or light wines High officials in favor of such a policy point out the new congress will not assemble until the following December If the report is submitted directly to the people when congress is not in session it is argued the document would not receive the public attention which congress would give it So eager is Mr Hoover to avoid an extra session that his advisers have submitted for his approval a plan tc Issue a public appeal for speed among the legislators Administration ers feel business would be affected ad- if congress were to be in sion this summer and fall and they as well as the president are planning to take every reasonable step to sure a conclusion of congress March 4 S Ft ALOW JN New Coroner Renders First Verdict Lying on a makeshift bed of an automobile seat and a blanket taken from his automobile J H 60 near was found dead en tlie road near the Sheet and Tube com- pany site at 8 o'clock Monday ing Coroner Gluser who office this morning delivered n verdict of heart failure Whippet sedan was parked along the roadside of Police Joe and officers were notified of the finding of the body and rushed to the The body to liean Funeral Home and for burial Coroner said the man had been dead several hours before the body was found Identification was made through n I account book from Perry balance at the close of was of New compared with a balance I from the I of at the of 1929 of Moose CASH BALANCE OF STATE TAKES BIGi DROP DURING YEAR Columbus O Jan cash FINDS STORY SALE IS AN IMPORTANT ISSUE WITH THEM New York Jan George Witlen designated ns manager for the proposed flight to Paris told the United Press today that U S Naval academy at An- had supplied a sextant to replace the damaged in the hop from New York to ton Roods Va Advices from Hampton Roods had previously bald there was a delay In restarting the flight because a news the Dean Objects TATE SECURITY BANK SUSPENDS TO PROTECT DEPOSITORS FORCE ENLARGEMENT OF IMPORTANT ASSEMBLY COMMITTEES TAXATION ONE VITAL PROBLEM THAT MUST BE SETTLED SOON BANKING NEAR BEST POSITION EVER ATTAINED IN U S HISTORY Head of Bankers tion Enthusiastic in Analysis New York Jan C Stephenson president of American Bankers Association said In a ment Sunday that we will have the strongest banking situation we have ever enjoyed and one worthy of all our people as a result of the of weaknesses In the country's banking structure In 1930 Mr Stephenson asserted most of the closed banks will pay in full or large part so that the amount lost would be reduced He said also despite the prominence of the news of banking ties only a small fraction of the total banking figures are Asserting It Is the public In the end who pays the main part of the ty If unfortunate results follow de- from sound banking practice Mr Stephenson maintained that the soundness of as a practical matter of fact Is a community lem In which the public has a part to play as well as bankers and ment officials Dwelling at length on the ship of the public to banking ty Mr Stephenson The function of government In banking is to promote and enforce careful banking administration through the system of examination and supervision This however does not relieve the individual depositor from the necessity of Judging and choosing carefully as to his banking relations He must Inquire for himself into the character and type of Institution and men he shall do business with satisfying himself as to their reput tion reliability and capability These qualities are essential to complete the element of safety and dependability In any human institution The past year has been a severe one for banking as well as all lines of business Banking in some instances and in some localities has reflected unavoidably something of the acter and conditions of the times through which we have been Looking back we realize that much that was unwise crept into some of our business activities While upon the individual bankers there rests without qualification the direct re- sponsibility for the prudent honest conduct of their institutions the soundness of banking as a practical matter of fact is a com- munity problem in which tse public had a part to play as well as bankers and government officials The public can exert an ence In shaping the character of banking also he said by Ing the purposes of bankers to maintain Intelligent independent and honest banking supervision In many cases of bank bles the only thing wrong with a bank was an unduly suspicions and apprehensive state of mind in its customers Mr son created by no act or condition of its own but by less rumors which sometimes led them to destroy the value of their own deposits by demanding them Immediately forcing a bank to sacrifice Its assets and otherwise disrupt its financial operations Mr Stephenson reminded the lic that deposits are not kept as cash but are Invested in loans and ties and even the soundest assets of this type require some time to re- convert at full value into cash de- posits In conclusion he The events of the past year have brought about I am confident a stronger banking situation by some undesirable I feel that we can truthfully say we will have as a re- sult cf these unhappy but curative conditions the strongest banking situation we have ever enjoyed and one that is worthy of the highest confidence of all our people These winter costumes adopted by at Oklahoma A and M College are comfortable and fetching according to the they have aroused the objection of Julia Stout dean of women who has Issued an edict banning them as classroom attire In this picture exhibiting the which are made up of riding breeches riding boots sweaters and shirts topped off by leather or sheepskin Jackets are of Oklahoma City Virginia Berry of Pawhuska center and Amelia Anne Hale at Pawhuska MUSKINGUM CO AND NOBLE BOTH IMMERSED IN MURDER PROBING Interest here and throughout dren She is charged with first de- eastem Ohio are fixed on two gree murder after confessing that she der cases similar In their tragic to family life which are be- ing investigated this week by grand Juries in Muskingum and Noble ties At Good Samaritan hospital James A Catlett is daily growing more con- cerned over his fate although no charges have been filed against him for the murder of his wife Jessie Catlett on Dec 18 His from self-inflicted bullet wounds Is certain it was day by the hospital Charles S Leasure who succeeds M Soliday today as prosecutor of Muskingum county is in charge of prosecuting the case against Catlett Charges of murder will be filed against the man through Indictment rather than affidavit it has been made known An armed policeman is kept con- stantly at Catlett's bedside since the man's attempt early last week to cape from the hospital Much the opposite emotions are dis- played by Mrs Iva old confessed killer of her war veteran husband who is imprisoned at Noble county Jail in Caldwell She falls to realize the seriousness of her offense and constantly talks of the day when she will return to her two small B IN I ALL ES CA Ned Truck Slips Over Bank When tho heavy city truck in which they were riding slipped over the edge of the canal bank road in rear of the old workhouse at noon Monday Ned Maneely street com- missioner and employes of the street repair gang narrowly escaped drowning in tho Icy water Maneely and Pearl Fleming 43 of 603 Keen street were precipitated into the wa- ter as the truck broke through the Ice crust The third man John T shot her husband Clarence Wickharn at their home In on the morning of Dec 11 Ij C Young new prosecutor of No- ble county succeeding Earl P is in charge of the case against Mrs Wickharn T BF T 0 ASS R JT Military Medals Surround Body Paris Jan body of Marshal Joseph Joffre lay In state on a ple military camp cot at the dispel of Saint Louis today while of Frenchmen many of them ing filed reverently past the bier Joffre's head rested on a white cushion His face hollowed and worn by suffering was hardly recognisable A blue tunic covered liis legs hiding the amputation above his left knee which was kept secret at the wish for eight days while he fought against the poison of grene In the marshal's crossed hands rested a sliver crucifix A military medal was the only decoration on the famous black tunic he wore at the battle of the Mame when he gained the nation's acclaim and love as the hero of a decisive bottle fag which was carried behind him by a Hag bearer throughout the World war was placed at his head At the foot of his simple cot on 19 black silk cushions glittered the 40 military decorations given blm by the tions of the world Also at the foot of the cot on a separate cushion lay the marshal's baton The chapel walls were draped in black and bore the battle torn flags of regiments which were wiped out in the World war or disbanded after the armistice French war veterans many of them legless or crippled awaited First Session of sembly is Called Amid Flurry Columbus O Jan ninth Ohio general assembly ed in biennial session today con- fronted by one- of the most difficult tasks in years that of undertaking a comprehensive program of taxation reform Lieut Governor John T Brown Kep who steps aside Jan 12 for William G Dayton Dem lieutenant governor-elect convened the ate while Secretary of State ence J Brown tailed the bouse of representatives to order First business was presentation of certificates of election of tors and and oaths of office were then by Supreme Court Justice James E Robinson In the senate and Judge Edward S Matthias In the housed For the first time In fourteen years the had a strong representation In both chambers The senate Includes eighteen Republicans five of whom are classed as gents and fourteen Democrats There are seventy Republicans and 58 In ths house Both houses were convened at 10 a rn inaugurating sessions not ed to terminate before April 12 with prospects that a special session to enact taxation legislation may bo called next fall The senate Insurgents made their presence known even before the new solons were sworn Jn They demanded that the senate rules committee be Increased from seven to nine members that Senator William A Clark Republican be dropped from the committee and two of their own number and one named on it and that they the gents be given representation on the federal relations tee which will supervise con- gressional of the state on the new population ba- sis The demands halted organization ol the senate and a recess was taken ta permit the committee on to consider the realignment The Insurgents Senators more and Emmons erf Akron son of Youngstown Nickels of New Philadelphia and Anderson of Shelby agreed upon their demands at vate conference last night They asked that membership of the powerful rules committee be changed in order to give representation to the insurgent group and also that tor Marshall be made a member of the committee Also they asked that northeastern Ohio be on the federal relations committee preferably by a member of the insurgent group This committee will handle the proposed congressional redistricting The demands were under tion by the committee on committees which unable to reach an agreement Continued on Page Thirteen 111 T W I S BORNE S F S 54 avenue their turn to enter the chapel from the truck cab as it slipped I had seen Joffre in action when hei and fell upon the bank Only the won the titles given him by radiator of the truck remained above I people of France the Savior of water and the Hero of the Marne j to who trench guns encircled the old a n anil soldier as he lay in death a wrenched left arm Maneely The light of four giant candles the driver attempted to two held In immense golden candelabra wagons parked on the flickered over his shrunken form nal road and steered the truck of a camp fire too near edge of the slippery bank The heavy rear end of truck slipped the vehicle rolled over into the As Bailey leaped he swung the cab Schneider Formally ed to Clerkship W T Democrat was named president of the Muskingum county board of commissioners day morning when reorganization of the board was effected W R hoiter Democrat who succeeds B O Taylor Republican was elected vice- president Osborne Ellas Kincheloe Republican as head of the board E B Schneider was formally appointed to succeed J Russell Swords as clerk The latter will be re- for a period of two weeks to work in the No action was taken by com- missioners regarding other several ers are appointed through county Colons but no Immediate changes will be made ing persons under service will temporarily halt any ouster it is Prosecuting Attorney Charles S Walter E Edge and the entire staff the American embassy Ky Jan trolman J Moss shot killed himself In tho assembly room nt police headquarters here Sunday He left a note numerous I ries ns the cause of his arlion bow long It taken to those parking from to 8 H off the Main street lamp REPORT SUICIDE OF COWBOY MOVIE STAR City Jan dispatch toj Universal from Chihuahua City day sakl Ait Acord the former of roles in motion had taken his own life at tho He recently been by the Mining pany of and will be led there unless authorities are relatives I It was understood his relatives In Angeles but at City had not heard them the dispatch said O Jan oldest member of the Odd lows In Washington county died at his homo here tori y He Heel i hern L of the Marietta j for fift years He served in the Civil I war had hren n member of the O A n for cording to annual report of State ditor Joseph T i Receipts 1930 were OOO and disbursements wore OOO Disbursements during were only There was a balance of In general fund from which tho major operating expenses of the government are paid The balance PACKERS GRANTED A GREATER RANGE Jan packers consent decree of 1920 was modified today by Justice Jennings Bailey In District of Columbia supreme court so as to permit packers to deal In nil of food In wholesale trade but was at the beginning ol prohibits the sale of food 1030 i The derision regarded by packers Tho construction fund as a victory removes restrictions of showed a balance of the 1920 decree which limited the pared to a year ago Tlie j packers from selling any balance In thr highway maintenance i other than meat at wholesale and repair fund was pared to at the close RECORD OF FUND TO DEFEAT NORRIS NEW WATER Jnn FOR O A i national committee spent a used as a barn for city trucks were summoned and the three men in reaching the road Tlie truck was removed from ROBBING SAFE Kansas city Ian records that safe In a filling station here wit bout forcible entry It was and I be Ion uas not flooded uith and in through a sill In thr lop year tal of during the last according to a report filed today with tho speaker of the house J R treasurer There is no record In the report filed today of the fund used Robon H executive secretary in an to defeat Senator W Nebraska Republican gent which caused a furore in the Is for sale The sliding scale he named called for for the story of the trip to Bermuda for the New trip 42000 for the New j afternoon Parla trip or for tho New and Bailey were uninjured op- York and Y o r k Previously there had been no Intimation that a round trip planned Ho said ho considering three i offers for the story Tlie original an- of the flight said it was j LOS Angeles Jan arranged to of j today aided the attempt of Bobble SIGNAL READERS GET REPORTS ROM CONGRESS QUICKLY FAIR WEATHER IS AID TO currying a pny flight load on a VIC IS SUED Trout and Edna May Cooper to the world's refueling flight record both men Miss Trout nationally known j der nnd defamation of character in a complaint filed In superior court today by his brother Captain Leopold McLaglen TORNADO I Pa nado of n noon from tho struts nml and phone poles from ground FLIER REPORTED MISSING IS FOUND i Washington Jan Walter i flying to the south from York arrived in Washington Saturday spent the here and continued on his way yesterday Failure of a looU airport to ter his arrival in the customary manner gave rise to reports that ton was missing tan ed Association opened a leased wire printer circuit con- the house nnd senate press galleries with Its ton bureau It is the first circuit of its kind to be opened at the This additional circuit gives the United Press the most advanced mechanical facilities for ing the activities of congress providing full-time leased wire serve from both houses direct Into the Washington bureau where ropy is relayed to the general wire system latest model silent type tele- graph printers have been installed for the circuit Morse loops and tele- phones connecting with the United Press bureau's private switch board provide supplementary fa- tls replaced W A McFarland as iff Curtis has named Deputy Sheriff Henry Neff and Motorcycle Officer Howard Ardrey as bis assistants with Thomas being appointed to the traffic position Miss Annis hart will continue as clerk Other county offices wherein changes took place are recorder nnd coroner CREW SAVED WHEN DREDGE SINKS IN HARBOR NARROWS New York Jan Savannah City of Montgomery rammed Sand sank the government sand today off Crave shoal The crew of the was token off by the government mall boat President The carried a crew of 58 men Craven shoal Is off Port Hamilton In the part of New York harbor know the narrows The carries United Press reports and consequently its renders will have complete of this additional by the enterprising service COLDER Washington Jan this afternoon changing to snow ries and colder tonight Tuesday generally fair except snow flurries in northeast portion colder in east portion
