Ohio Legislature Delays Relief Measures Recess Planned
The Ohio Legislature plans a recess next week as leaders seek action on relief measures and tax finance bills. Debate focuses on borrowing, gasoline funds, and school district salaries with possible revisions to speed adoption before next actions in March.
MENTIONED IN THIS ARTICLE
Demp
David H. Sanced
Police Hunt For Suspects In Denver Colorado Case
Police in Colorado and Wyoming pursue suspects linked to a jailbreak or kidnapping case. Report describes officers surrounding Denver area locations as they close in on those involved who eluded capture during a tense pursuit.
Bills to regulate embalmers and surveyors advance
A bill to establish licenses for embalmers and surveyors was advanced this week. The Senate calendar shows support from several members for stricter fee structures and professional barriers.
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U.P
Senate
Jap Earthquake Kills Thousands and Widespread Fires
Tokyo reports say Japan faced its worst quake since 1923, followed by a tidal wave and fires. Iwate prefecture records 477 dead in Morioka and 355 in coastal villages, with over 2,000 homes washed away and 4,000 houses demolished islandwide. Death tolls expected to rise across other prefectures.
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Island
Tokio
U.P
Japan
Morioka
Iwate
Hopeful Light Seen Today in Bank Centers
Washington reports a hopeful tone in New York stock market and the Dunn Bradstreet weekly review. With the presidency near, President-elect Roosevelt met advisers including Senator Robert J Bulkley and economist Raymond Moley. Senator Oil urged immediate action to authorize postal savings banks to accept checking accounts for daily commerce.
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Dunn-Bradstreet
Roosevelt
White House
Robert J. Bulkley
Ohio
Senate Banking Committee
Raymond Moley
Congress
Oil
Washington
Officials Mourn at Bier of Sen Walsh
In Washington officials paid silent respects at the bier of Senator Thomas J. Walsh Democrat Montana as workmen prepared for an inaugural scene he would have led. The body returned to the capital with his widowed wife, while both presidential administrations sent representatives to greet the funeral train.
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Bier
Sen
Walsh
Washington
U.P
Thomas J. Walsh
Montana
Mr. Roosevelt
Fishermen to Decide on Streams Closure Plan
The Ohio State Conservation Council will hear arguments March 9 in Columbus on proposed closing of streams to fishing from April 15 to June 3, excluding inland jakes. Commissioner Reinhart urged written comments from those unable to attend, citing expected gains in bass trout rock bass catfish and other game fish by billions.
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Ohio
Columbus
William Reinhart
Reinhart
29 States Move To Restrict Bank Withdrawals Amid Crisis
A Federal scene shows 29 states and the District of Columbia enacting bank withdrawal moratoria or restrictions. The Federal Reserve Bank of New York raised its rediscount rate to 3 1 2 percent after $732 million more cash entered circulation, reaching $6.72 billion. Indiana Iowa Illinois Nebraska Minnesota New Jersey Missouri and DC remain under varied local limits with no full state action.
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Washington
New York
Federal Reserve Bank of New York
Reserve Bank
Indiana
Iowa
Illinois
Nebraska
Minnesota
New Jersey
Missouri
District of Columbia
Gotham Banks Bearing Brunt Of Difficulties
New York City remains the financial center bearing the brunt of banking troubles across states. Bankers report city banks maintaining liquidity of over 50 percent and some large institutions capable of paying all depositors. Withdrawals in New York are contained, while national outflows drain Fed checking and savings by 525 million, with 278 million from other cities.
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New York City
New York
U.R
United States
Wall Street
Federal Reserve
Inaugural Day Draws 200000 to Washington Parade
Washington prepares for Roosevelt's inauguration as 200000 visitors flood the capital. A Marine Band concert opened the celebrations. rain-flagged weather expected for the parade. The body of Senator Walsh arrives. Mrs. Roosevelt curtails social events in respect.
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Roosevelt
Washington
Akron
Ohio
Demoecracy
Marine Band
Hall of the Americas
Weather Bureau
Banking Crisis Signals Bid for Hoover Roosevelt Unity
President Hoover and President-Elect Roosevelt plan cooperative action to stabilize the banking system amid a deep crisis. Roosevelt arrives in Washington and meets with Senate leaders as the push for emergency measures grows. Federal Reserve injects $732 million into cash circulation to ease strains.
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Hoover
Roosevelt
Washington
PKA
Ath ens County teachers seek $100000 in overdue salaries
Legislation to fund overdue pay for Ath ens County teachers and other counties stalled after the Ohio Senate refused to concur with a House amendment on borrowing for payroll and past due maintenance. Governor White favors the change and would sign if enacted, with a possible reconciling conference next week.
MENTIONED IN THIS ARTICLE
Senate
House
Horse Meat for Will And His Clan In Bank Turmoil
A humorous Beverly Hills spoof letter from Will to the press laments a bank crisis and mocks business hardship. It references Arthur Brisbane, holiday mood, horse meat as a joke, and a moratorium on inaugurations, with Will pleading anonymity about which horse may be eaten.
MENTIONED IN THIS ARTICLE
Will
Expect State Will Get Real Beer by April
Ohio lawmakers debated a near beer tax as Governor White's nuisance tax plan faced opposition. Rep Everett Tharp argued full beer legalization by April 1 would bring in revenue and avoid taxing near beer. Bottlers warned the tax would wipe out profits while Dayton and Cincinnati voices advocated a general sales tax.
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House Taxation Committee
Everett Tharp
Cincinnati
Ohio
Governor's Liquor Control Commission
Earl L. Reeder
Dayton
Ohio Bottlers' Association
Oscar Klee
Trading last As Roosevelt Term Begins
A bull market developed in stocks and grains in New York on March 3 with stocks rising 1 to 6 points and wheat up 2 cents a bushel. Trading grew active as tickets moved quickly and the rally fed expectations of Roosevelt’s inauguration and a reassuring A R statement.
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Roosevelt
Chicago Board of
Franklin D. Roosevelt
United States
A&r
England
Bank Reports Sharp Rise in Cleveland Money Circulation
In the Cleveland Federal Reserve District money in circulation surged to 382.5 million dollars, a 13 year high, up from 77 million. Member bank borrowings at the Cleveland Fed rose by 33.405 million in the week, signaling tighter liquidity.
MENTIONED IN THIS ARTICLE
Cleveland
Federal Guarantee of Bank Funds Urged
Verne W. Wilson president of Union National Bank urged a federal guarantee of all bank deposits for at least 10 years. He called for immediate legislation, a 2 percent deposit interest limit, strict Fed oversight of loans and investments, and a protective fund funded by a 1 percent annual assessment on all deposits.
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Youngstown
Verne W. Wilson
Union National Bank
Wilson
National Bank
Lame Ducks Leave Capitol After Roosevelt Landslide
Jubilant Democrats celebrate as 172 lawmakers bow out in Washington. Most departing are Republicans who plan to return home to other jobs. a few stay to counsel for interests, a euphemistic term for lobbying, as the Roosevelt victory reshapes Congress.
Scrips Considered by Ohio Cities as Bank Strain Grows
Ohio cities explore scrip as substitute for cash in trade amid banking strain. Massillon and Amherst adopt scrip plans while large cities mull trade certificates and coupon credit books. A Marion grocery firm proposes factory wage plans using trade coupon books redeemable at stores within 30 days.
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Ohio
Marion
Fed
Banks Open In Austin After Five Day Holiday
Austin banks resumed normal operations today after a five day bank holiday declared as a precautionary measure by Governor Miriam A. Ferguson. Financial institutions opened at their regular hours following the shutdown period.
MENTIONED IN THIS ARTICLE
Austin
Texas
Miriam A. Ferguson
Body of Harry Baker Found Near School House
The body of Harry Baker, Canton, was found near a school house with throat and wrist injuries. Police say he was seen parking his car near the school before the discovery.
Japan's Army Nearing Jehol Advance Report
Tokyo dispatch says Japanese troops entered Pingchuan 35 miles from Jehol capital Chengtehfu at 12 30 pm and expect to reach Chengtehfu by Saturday. Commanders note fast progress and Chinese defenses falling faster than predicted as six Japanese armies converge on Jehol.
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Tokio
Chengtehfu
Jehol
Pingchuan
War Office
Wheat futures surge on Board of Trade buying wave
Chicago March 3 a broad buying wave hit the Wheat Pit at the Board of Trade pushing prices up over 2 cents with net gains ranging from 2 to 2 1/2 cents as traders faced unexpected upward movement.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Mourning Period Follows Glittering Inaugural for Walsh
The inaugural mood shifts to mourning as Senator Walsh dies. Mrs. Roosevelt cancels social events except the White House tea for 2000, inviting Walsh's family to attend. The Roosevelts visit Mrs Walsh and host a family dinner for about 70 relatives, stressing this is a private family affair.
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Washington
Thomas J. Walsh
Franklin D. Roosevelt
White House
Senator Walsh
Township flour ready for distribution in Athens
Red Cross flour will be distributed in Athens Township Saturday morning between 9 and 12 noon. Distribution will be made at City Hall.
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Red Cross
Athens Township
Scrip Plan Effective In Massillon Today
Massillon begins a scrip plan to boost business and employment. The Community Finance Corporation’s Massillon division will issue two cent stamp scrip under a scheme by CC J Hostetter. Scrip notes are loaned against building and loan certificates with $2 loaned for each $1 in scrip.
MENTIONED IN THIS ARTICLE
Massillon
Community Finance Corporation
CC. J. Hostetter
West Virginia Likely To Gain Nevada Style Divorces
Charleston March 4 West Virginia would gain a share of Nevada divorce business if a Senate bill becomes law The House approved a bill listing six causes for divorce instead of three and allowing filing after 66 days residence rather than one year The measure aims to broaden grounds and shorten residence requirements.
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Charleston
U.P
West Virginia
Nevada
State Senate
House of Delegates
Island residents receive flour aid from Red Cross
Bandusky March 3 residents of Kellys Island cut off since November by ice on Lake Erie received flour from the Red Cross. The supply had dwindled to less than a barrel.
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Bandusky
Kellys Island
Lake Erie
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