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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Jan 24, 1933
Page
11
Dr Forsyth cashier of Athens N B A faces criticism for lending beyond ability to repay and for deposits. The piece notes unsettled mood, debates over banking rules, and how local leaders formed a village bank to aid the community despite limited banking knowledge.
A major tire maker in Akron sees business recovering as the U S auto market steadies. RB Robinson says his organization plans stronger output and expects vehicle tire needs to grow in the coming months, with a 4 percent year upturn visible amid overall recovery.
Thomas J. Watson argues that rising consumer buying signals promise better 1933 business across industries. He urges business leaders to expand work, share jobs, and develop new products to create additional industries and restore employment.
Pennsylvania annually removes 200 million tons of coal and thousands of tons of limestone from the earth. Scientists estimate the Atlas burden as an immense figure, illustrating the long term scale of mineral extraction in the Keystone State.
The article argues Congress blocks needed legislation during a fragile revival. It notes three years of gloom with hopes fading, despite forecasts of improvement, and criticizes Congress for failing to grasp the nation’s problems and failing to act.
The Athens Messenger reports Vice-President Babson's view that recovery is under way after a deep business downturn. Indicators include rising stock values, shrinking inventories, and improving wage trends across textiles, lumber, silk, cotton, footwear, steel, and coal with output near or at capacity in several sectors.
River men in the Gallipolis district report 1933 prospects brighter than last year. Ohio River packet boats have declined, but barge traffic rose though not to normal levels in steel, oil, and sand and gravel shipments. Pittsburgh steel shipments to southern points show slight gains. more Pittsburgh District towing steamers idle than in a decade. Coal towing for West Virginia coal remains a factor.
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