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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Jan 24, 1934
Page
11
The article reflects on 1933 as a turbulent banking year under government oversight led by I. D. Forsyth. It describes inflationary excesses, inflated credits, and the subsequent move to tighten and deflate the credit structure as banks faced withdrawals and loan adjustments.
The article notes autos usage and demand fluctuating through a recovery period. Industry leaders expect a modest rise in output with around 60 two‑way 60 passenger trucks produced this year. Mary traditions and ONT years influence expectations amid reluctance for sharp gains.
Relief funds totaling nearly half a million dollars, plus CWA payments, fed a rise in business in Athens County. Beer legalization and NRA codes spurred jobs and higher wages while Ohio University enrollment stayed steady. From 1933 into 1934 relief work and RFC food orders supported families, with CWA payrolls and dealer benefits lifting the local economy. Miners and operators benefited from coal code stabilization and steadier employment in the Hocking Valley.
President Roosevelt plans a new book titled On Our Way The First Year to be published in March by John Day Company The volume will include an introduction and a review of the administration first year and outline future programages of government.
Confidence among Athens merchants grows as they place sizable spring and summer orders. Court Street businessmen note more traveling salesmen on the road than in two years, with hotel operators reporting similar activity and orders. A nationwide mood mirrors the local optimism for gradual improvement.
The piece discusses shifts after a national election and a new administration, noting uncertainty around gold policy and the Federal Securities Law. It argues stabilization is needed for business recovery, with emphasis on capital markets as a funding source and the ongoing debate over government intent.
The article argues that advances resembling infrared vision will clarify economic trends. It notes a 4 percent rise in overall business from a year ago and 16 percent above last March, with improvement led by construction, machinery, steel, and trade. It discusses retail gains, public works, and the economy’s swing toward revival under public spending.
A government supervised experiment to coordinate industry with public and private agencies will start in Cincinnati within weeks. The plan, from the Cincinnati Bureau of Governmental Research, seeks support from the U S Department of Labor the Spelman Fund and the Carnegie Foundation. If funding is agreed the two foundations will cover 8400 of annual costs, with the rest met by city, county and state employment services.
The Sun Shine Health Club nudist colony near Salinas California disbanded after a rancher started a honey bee farm adjacent to the colony’s quarters. Residents endured cold mornings forty evenings and poison oak, but bees proved overwhelming.
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