Kump NAMES FOUR STATE OFFICIALS IN SWEEPING REPLACEMENTS
Charleston March 8 AP Governor Kump announced swift replacements of Republican named officials naming four heads of state departments Fred L Fox Sutton state tax commissioner P D Shingleton Clarkeburg superintendent of public safety Ernest L Bailey Thomas mines chief George T Watson Fairmont compensation commissioner Edgar L Dickson Union secretary to the governor and James W Harris Jr Wheeling private secretary
MENTIONED IN THIS ARTICLE
Charleston
W. Va
Kump
Fred L. Fox
Sutton
P. D. Shingleton
Clarkeburg
Department of Public Safety
Ernest L. Bailey
Thomas
State Department of Mines
George T. Watson
Fairmont
Edgar L. Dickson
Union
James W. Harris,Jr
Wheeling
Roosevelt Seizes War Powers In Banking Crisis
President Roosevelt moves to grant exceptional powers as financial panic sparks calls for action. Cabinet meetings unfold as White House officials draft a proclamation to close banks to avert collapse, with Woodsn Hull and Carr among those advising. Newsmen follow rapid developments as the nation braces for extraordinary steps.
MENTIONED IN THIS ARTICLE
Roosevelt
Tressury
Woodin
Treasury Oftiotalans
Senator Byrnes
South
Carolina
Jobegon
California
House
Ratney
Illinois
Congress
Hull
State Department
Cummings
Carr
Coun
Government takes full command of nations currency
The article reports President Franklin D. Roosevelt and Treasury head Henry Morgenthau Woodin outlining a bank holiday and embargo on gold and currency to halt hoarding and foreign exchange speculation. The plan authorized clearing house certificates and special trust accounts, aiming to keep commerce moving through a temporary national monetary measure during the public emergencies.
MENTIONED IN THIS ARTICLE
Hooves
Treasury
Wen
Woodin
Franklin D. Roosevelt
United States of America
Audi
United States
Ohio Officials Discuss Guaranty Plans in Banking Talks
Ohio authorities held all day conferences in Columbus on the banking situation as bankers and businessmen in Cleveland debated details to decide if the Cleveland clearing house would adopt a plan to issue scrip. Sawyer said his proposal had been transmitted to P I S S O near President Roosevelt.
MENTIONED IN THIS ARTICLE
Berene
Franklin Devine
Velt
Fig
Treasury
Woodin
Hich
Byrnes
South Carolina
Johnson
California
House
Rainey
Ulinals
Cerraly
Weiling
Congresa
Moon
Roosevelt
Hull
State Department
Yimgecad
Cummings
Carr Waa
Walt
Sawyer
Pisso
Columbus
Cleveland
Cleveland Clearing House
Capital Reticence After Bank Holiday Proclamation
Reports show mixed reactions to President Roosevelt's bank holiday order with governors and lawmakers voicing support as necessary to calm markets. Indiana Governor McNutt called it wise and necessary while Iowa Governor Herring praised the approach and urged a permanent congressional action. Maryland Congressman Goldsborough predicted a reassuring effect and bipartisan leaders expected the holiday to ease fear and allow emergency measures.
MENTIONED IN THIS ARTICLE
Aomie
Paul V. McNutt
Indiana
Tudiana
Herring
Iowa
Congress
Goldaborough
Maryland
House Banking Committee
Goldsborough
Ate
Bank authorities interpret move H5 constructive
Bank authorities interpret the move H5 as constructive while the $300,000,000 above the June level signals strong withdrawal of gold for export and hoarding. The rapid outflow prompted officials to consider a check to the movement as necessary to curb drain on reserves.
Bank Order Ends Day of Parleys
The article outlines moves to ease currency strain with clearing house certificates as exchange media and possible banks forming subsidiaries. Treasury leaders warn against misreading the president’s proclamation while cities plan scrip use. Roosevelt calls early congressional session to address the banking crisis and national policy coordination.
MENTIONED IN THIS ARTICLE
Secretary of the Treasury
Sach
Shell
Federal Reserve
United States
White
Washington
Wooding
The
Treasury
Switzerland
Machado
Cuba
Puerto Rico
New York
New York Stock Exchange
Chicago
Roosevelt
Congress
Woodin Amplifies Edict as Treasury Hints Window Closures
Treasury action signals possible gold redemption on notes and cash windows may close during holiday. Woodin says markets unaffected and urges public confidence to lift the country out of trouble as Treasury conferences extend late into the night.
MENTIONED IN THIS ARTICLE
Treasury
Woodin
United States
Roosevelt Asks Legion Support In First Address
President Roosevelt in his first postinaugural speech at the White House invites the American Legion and all veterans to back his aims. He praises sacrifice and service, linking wartime virtue to peacetime duties and urging unity in restoring national well being.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
American Legion
Louis Johnson
Legion
White House
Fgteen
Lehman Declines Comment on Banking Practice
Governor Lehman did not comment tonight on the banking practice issued by President Roosevelt. He said he would have no statement regarding the issue until tomorrow and would refrain from discussing the matter in New York state this evening.
MENTIONED IN THIS ARTICLE
Herbert H. Lehman
Prac- Maeton
Roonevalt
New York State
Stabilization group urged by economists in telegram
Washington dispatch notes two economists Professor Irving Fisher of Yale and John R. Gallimons of Wisconsin urged creation of a presidential stabilization commission. They propose a circulating medium via government bonds and short term notes, suspending gold payments, embargo on export, freezing bank deposits, and inaugurating purchases to restore price levels while avoiding price fixing. They call for Federal Reserve Board and Reconstruction Finance Corporation representation.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Irving, Fisher
Yale
John R. Ggllimons
University of Wisconsin
Fisher
Presidential Stabilization Commission
Federal Reserve Board
Reconstruction Finance Corporation
Hale
Sweden
Pershing Resigns From National Economy League Council
Washington March 6 General John J Pershing resigned today from the advisory council of the National Economy League but approved the organization's drive to cut government costs He warned that prolonged absence from the United States as chairman of the American Battle Monuments commission would hinder his league work Curran a league director predicted continued success of the league's drive on economy measures
MENTIONED IN THIS ARTICLE
Washington
John J. Pershing
National Economy League
United States
American Battle Monuments Commission
League
Pershing
Japanese banks suspend foreign exchange trade
Tokyo March 6 Money Banka throughout Japan today af forded foreign exchange operations. Resumption of this trade Tuesday will depend upon developments in the United States banking eitai Stock exchanges In Tokyo, Ofai and Nexoya similarly were dow n today except for limited dealings in Japanese government bonds. The raw silk exchanges in Yo kohama and Kobe were shut today. and will remain closed Tuesday. Other commodity markets, except Tice, were closed today.
MENTIONED IN THIS ARTICLE
Tokyo
Banka
Japan
United States
eitai _ Stock exchanges
Ofai
Nexoya
Yokohama
Kobe
Clearing House Notes Occupy New York Busy Day
New York March 6 The American Bank Note Company received widespread queries about clearing house notes and placed orders for ink and paper from across the nation. Its printing force rose from 300 to 1000, but officials warn it will take days to yield a sizable output. The Detroit River is noted for its heavy tonnage commerce. Bananas grow on a tall plant that is really an overgrown herb.
MENTIONED IN THIS ARTICLE
New York
The
American Bank Note Company
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P.D
Shingleton
Clarksburg, Po‘Nee
Ghee
Presidency
James A. Farley
Milla
Woddin
Assiitants
Banke
Ohio
Guaranty
Lamest
Texas
Webb
Echool
Mary Lee Turner
Lehman
Senator Walsh
Jackson Memorial Hospital
Miami
Fila
Anton Cermal
BBC
Thoras J.walah Cede
Montana
Walsh
Rocky Mount
N.O
League Council
Economy League
Clearing House
Detroit River
Daily Telegraph
Sunset News
Daily Telegraph and
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