Banks Set Five Percent Withdrawals Across Ohio
Ohio banks largely impose a five percent withdrawal limit on savings accounts with several exceptions and variations. First National and other named banks move to five percent caps, while some institutions declare no limits or different rates. The dispersal of restrictions varies by bank and county, with reports noting shifts in policy through mid day.
MENTIONED IN THIS ARTICLE
Bank
First American
Logan
Farmers and Merchants Bank
Banking Situation in Southeastern Ohio Prompted Withdrawals Rule
Banks across southeastern Ohio report mixed adherence to five percent withdrawal limits amid nationwide banking restrictions. Athens and Nelsonville disclose protective limits. several towns, including Pomeroy and Gallipolis, operate normally while others enforce five percent caps.
Civil War Veteran of Meigs Succumbs
W. L. Johnson age 92 dies at Maag Clinic in Pomeroy after eye surgery. Confederate prisoner during the war, he later ran a Kerrs Run store, lived at Plants in Letart Township, and became a prominent county figure with banking holdings. Survived by son Arthur Johnson and daughter Cassie Johnson. widow predeceased him.
MENTIONED IN THIS ARTICLE
Johnson
Pomeroy
Kerrs Run
Letart Township
Arthur Johnson
Letart
Cassie Johnson
Plants
Mrs. Johnson
R. F. C. Loans Ohio More Than 2 Million
Washington February 28 The Reconstruction Finance Corporation granted an emergency relief loan of 2 257 549 dollars to Ohio for use in 16 counties during March.
MENTIONED IN THIS ARTICLE
Washington
U.P
Reconstruction Finance Corporation Today
Ohio
Cermak's Illness Sparks National Debate
In Beverly Hills the writer notes Mayor Cermak's pneumonia as a national concern and observes many places calling moratoriums on debts, taxes, and banks. The letter laments lack of self-initiative at home while acknowledging concern for Europe.
MENTIONED IN THIS ARTICLE
Cermak
Ohio Senate committee backs 52 delegate repeal convention
The Ohio Senate Judiciary Committee recommended passage of the Mosier Bill to create a convention of 52 delegates elected at large to vote on ratification of repeal of the Eighteenth Amendment. Amendments removed unpledged tickets and free choice to pick individual delegates, leaving a single vote for the full dry or wet slate.
MENTIONED IN THIS ARTICLE
Columbus
U.P
Ohio Senate Judiciary Committee
Funeral for Civil War veteran J L Cline in Nelsonville
Funeral services for J. L. Cline a Civil War veteran will be held at 2 30 p m Wednesday at the Nelsonville Legion headquarters with Rev J Lloyd Evans officiating Glenford Dugan Post members will take part The body will be sent to Washington for burial in Arlington Cemetery tomorrow night at 9 0 o'clock
Doctor gives blood for Chicago mayor’s life
Dr. Sam Mosley of Montgomery Alabama donated more than a pint of his own blood to help Mayor Anton Cermak of Chicago survive a critical condition. Mosley is interning at Jackson Memorial Hospital in Miami.
MENTIONED IN THIS ARTICLE
Sam Mosley
Montgomery
Ala
Anton Cermak
Chicago
Dr. Mosley
Jackson Memorial Hospital
Miami
Ohio House votes today on repeal referendum in prohibition issue
Ohio lawmakers face a close vote on whether to place a repeal of the prohibition amendment on the November ballot. Rep McCrystal and Sen Smolka back the referendum after Senate passage. WCTU and Anti-Saloon League press for defeat. The day also includes a highway patrol bill and vehicle bureau shift.
MENTIONED IN THIS ARTICLE
Columbus
U.P
Ohio House of Representatives
Smolka-McCrystal
Senate
House
John F. McCrystal
Erie County
John F. Smolka
Demorat
Cleveland
Women's Christian Temperance Union
Anti-Saloon League
White
Hugh A. McNamee
Motor Vehicles Bureau
Secretary of State
Highway Director
Billions Put Up For Stability In Banking Revive
Washington reports indicate officials weighing an easy money policy to back banks. Central banks would buy government securities to inject funds and lift bond prices while keeping the monetary system buoyant. A Steagall Bank Deposit Guarantee revival seemed unlikely. The Federal Reserve shows more than $6 billion in resources behind banks nationwide.
MENTIONED IN THIS ARTICLE
Washington
U.P
Steagall Bank
Senate
Ford's Secretary Now Is Reported Missing
The State Police report that Ernest G. Liebold, secretary to Henry Ford, has been missing from his Detroit home since yesterday afternoon. Liebold oversaw Ford Motor Company's fiscal policies and had been assisting Edsel Ford with reorganizing two Detroit banks in which the Fords invested $5,250,000. Ford officials said no reports of his disappearance had been received.
MENTIONED IN THIS ARTICLE
Lansing
Mich
U.P
Ernest G. Liebold
Henry Ford
Detroit
Liebold
Ford Motor Company
Edsel Ford
Fords
Ford
Siebold
Creditor Measure Enacted by Senate in Debt Relief Bill
Washington February 28 Congress moved to finish an emergency act to aid individual farm and railroad debtors from bankruptcy and salvage by debt reduction and extension in agreement with creditors. The bankruptcy reform bill was passed in the Senate 44 to 8.
MENTIONED IN THIS ARTICLE
Washington
Congress
Senate
Parole Granted to 21 Inmates at Ohio Penitentiary
Columbus report says Dwight Beckett of Athens County was among 21 inmates granted parole at Ohio Penitentiary on February 25. The action releases inmates in a statewide parole board decision.
MENTIONED IN THIS ARTICLE
Columbus
Dwight Beckett
Athens County
Ohio Penitentiary
New Bank Withdrawal Limits Frustrate Local Bookkeepers
Local bookkeepers face new bookkeeping challenges as Ohio restricts withdrawals from bank deposits. Checks drawn on out of town banks may be dishonored or paid at 2 to 5 percent, delaying deposits. University and student responses vary while Ohio University reports payrolls and enrollments largely unaffected.
MENTIONED IN THIS ARTICLE
Ohio
Erintendent
County Treasurer Refuses Tax Payments From Out of Town Bank Checks
County Treasurer G. D. Gorham refused to accept tax payments by checks drawn on banks outside Athens. He cited widespread withdrawal limits in state and neighboring banks, often 5 percent or 2 percent, causing confusion and prompting the office action.
MENTIONED IN THIS ARTICLE
G. D. Gorham
Athens
Gorham
Money Orders Rise At Local Post Office Amid Withdrawals
With withdrawal limits on deposits in Ohio banks, residents turn to money orders from the post office. Telegraphic money orders see higher use yesterday and today, including cases of parents sending checks to students that are not payable for the full amount.
MENTIONED IN THIS ARTICLE
Ohio
Western Union
Ohio Officials Expect No Irregularities in Salary Checks
Public officials in Ohio state there should be no irregularities in the monthly salary checks for state employees as payroll processes continue smoothly. The statement aims to reassure workers and taxpayers amid routine budget operations and administrative oversight.
MENTIONED IN THIS ARTICLE
Ohio
Green and White Editor Earns National Honor
The Green and White editor Harry Waddell was elected vice president of the National College Press Association at the New Orleans convention. Elmus Snodderly, business manager, attends with him as the Ohio University paper's representation. The convention next year is set for Wisconsin University.
MENTIONED IN THIS ARTICLE
Green and White
Ohio University
National College Press Association
New Orleans
Athens
Harry Waddell
Elmus Snoderly
Ohio
Wisconsin University
Bank Cashier Held In $10,000 Shortage
Ross P. Palmer a 49 year old cashier at the National Bank of Hudson was to be turned over to Federal authorities by Cleveland police over an alleged $10,000 shortage in his accounts. He admitted taking the money and said it was lost in dice games at Portage Geauga and Cuyahoga County gambling places.
MENTIONED IN THIS ARTICLE
Cleveland
Ross P. Palmer
National Bank of Hudson
Martin McFadden
Thomas Murphy
Palmer
Portage
Geauga
Cuyahoga County
Capt Horton Dies Today at Meigs Home
POMEROY Feb 28 Captain Hor ace M Horton 95 died this morning at his East Main Street home. He was likely the oldest river man on the upper Ohio with a long career as master and pilot of steamboats. He retired years ago and is survived by daughters Edith Newton and Grace Horton, a half sister Eben Horton of Detroit and other relatives. Short funeral plans were not announced.
MENTIONED IN THIS ARTICLE
Pomeroy
Horace M. Horton
East Main Street
Horton
Upper
Ohio
Edith Newton
Grace Horton
Eben Horton
Detroit
Norman
Captain Horton
Cincinnati
Ohio River
Cub
Packet Courier
Wheeling
Baltimore
W. B. Horton
Charley MacDonald
Charley Bowen
Government
Goldenrod
Great Kanawha
Tennessee
Monongahela
Yehpeishou Becomes Target in Expected Attack on Jehol Capital
War dispatches from Manchuria describe Japanese bombardment of Yehpeishou, near Jehol capital Chengtehfu, with shells from captured Mukden arms. A 6 inch mortar shell nearly hit Col. Fang Chin Chun’s dugout as civilians were wounded and refugees flee. Japanese air and artillery press Lingyuan drive while Chinese report daily on Jeho highways attacks.
MENTIONED IN THIS ARTICLE
Yehpeishou
Jehol
Fang Chin- Chun
30Th Independent Infantry Brigade
Mukden
Solid Ground Reached By Ohio Banks
Ohio Commerce Director Theo dore Tangeman described the state wide limit on bank deposits withdrawals as the last jump to solid ground. He noted that withdrawal restrictions were enacted last night after talks with Governor White and financial leaders. Banks remain open with limited withdrawals, a stance Tangeman says preserves value and aids recovery.
MENTIONED IN THIS ARTICLE
Columbus
U.P
Theodore Tangeman
Ohio Commerce
Tangeman
White
War Office Warns Staff Correspondent in Jehol Zone
The Japanese war office advised United Press Far East HQ to withdraw Herbert R. Ekins, staff correspondent, from danger near Jehol Province amid strike and aerial-attack tensions. Ekins, noted for Shanghai coverage last year, remains under fire behind Chinese lines near Chingtehfu.
MENTIONED IN THIS ARTICLE
Tokio
Jehol
War Office
Far East
United Press
Herbert R. Ekins
Ekins
Shanghai
Chingtehfu
Ohio Legislature Approves Three New Laws
Ohio's statute books gain three new laws designed to meet unusual financial conditions. Two grant unprecedented authority to the state superintendent of banks, and the third allows liquidation of unsound or insolvent building and loan associations by the same official. All took effect at 11:35 p.m. after Governor White signed.
MENTIONED IN THIS ARTICLE
White
Ohio banks brace for new laws reported to curb withdrawals
Bank depositors face widespread limits as Ohio considers emergency measures to control withdrawals. The governor warns a 1953 banking code lacks flexibility while the state bank superintendent could suspend banks, seize assets, or restrict withdrawals for up to 60 days with court approval.
Federal Reserve push to restore bank confidence and new Ford banks
The Fed examines liberalizing the Reconstruction Finance Corporation lending and making its vast resources more accessible to struggling banks. Banks in Delaware Ohio Pennsylvania and Arkansas begin emergency withdrawal limits. In Detroit Henry Ford plans to create banks under his full ownership to assume First National and Guardian National assets with a pledge of absolute safety for depositors.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve System
Reconstruction Finance Corporation
Federal Reserve
Delaware
Ohio
Pennsylvania
Arkansas
Detroit
Henry Ford
First National
Guardian National
Ford
Also Mentioned on This Page
Ohio Bankithdrawals
Youngstown
U.R
OWN
Liday
Canton
No- Trust & Savings and Bank & Trust Co
George D. Harter
P&o Banks
Preble
Lagonda
County Bank & Trust Co
Banking Coungs Bank
LEXINGTONINGTON _p
Ry Coun
Re. Waly
Perept
Marshfield
Athens National Bank
Bank of Athens National Bank
The
Security Savings Bank
United States
Cr. G. O'Bleness
Nelsonville Banks
Nelsonville
State Banking Department
Peoples Bank Company
Citizens Central Bank
Pomeroy National Bank
Farmer's Bank
First City Bank
Middleport Bank
Middleport
Citizens National Bank
Gallipolis
Vinton Banks
Vinton
Ohio Valley
Commercial and Savings
Vinton Banking Company
New Lexington
Perry County Bank
People’s National
Marietta
Meigs
W. L. Johnson
Meigs County
Maag
Beverly Hills, Calif
America
Banks
Europe
Will
Bill
Beckett
FE. B Bryan
Doctor Bryan
Bryan
Ohio Towns
Treasury Department
George C. Parks
Parks
the University
Capt. Horton
Herbert Feins
Lingyuan
Fen
Chengtehfu
Indigout
Oceanic Daily
Jeho
Fang Chin Chun
Chinchow
Manchuria
Ren
Kallu
Peipiao
Chaoyang
Withdrawals Limited Board of Directors
of Building and Loans
Cinctonati
Eme Recency
State Superintendent of Banks
the Board of Directors
Court of Common Pleas
Banking Department
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