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Newspaper
Butler Herald
Location
Butler, Georgia, United States of America
Date
Jul 06, 1933
Page
6
Dr. Harold Stonier of the American Bankers Association argued that U S bank failures follow business failures, not cause them. He noted the United States leads in banks over 100 and 50 years old, stressing the banking system remains sound despite rapid business growth.
Professor John Hanna of Columbia University estimates the U.S. government operates fifty two financing institutions with a large stake in agricultural credit. He notes that consolidation plans are politically influenced and recommends a federal finance corporation to manage government lending while keeping government business separate from farm price subsidies.
A state bill on railroad rules failed to pass. Provisions would have required a day bell man and night lantern bearer to lead trains at grade crossings, obliging conductors to smile when questioned. It also banned serving food over one day old on Pullman cars, mandated stopping for hitchhiker flags, and required lifeboats for crossings over twenty five feet wide.
Tuskegee Alabama July 2 a deranged negro J D Thompson cafe operator surrendered to Sheriff Riley after shooting and killing Prof Russell Atkin assistant canal of Tuskegee Institute as he came down stairs from his apartment Thompson claimed Atkin had accused him of killing two campus women Helen Howard a nurse at the institute and Mary Booth sister in law of Dr R R Moton were slain under mysterious circumstances a month and nearly a year ago. Atkin was shot several times in the back by a shooter hidden at the foot of the stairs.
Washington July 2 The Glass Steagall reform provides federal deposit insurance starting January 1 with $2,500 coverage for six months. By July 1 next year coverage rises to $10,000 full, larger deposits partial, then tapering after July 1, 1936 for banks not in the national or Fed system. The plan funds via a three member FDIC, Capital and borrowing powers, to guarantee quick payout and curb bank runs.
Roscoe Fatty Arbuckle, veteran film comedian, died in his New York hotel suite at age 45 from a heart attack after a third wedding anniversary celebration. His wife Addie McPhail found him asleep, and a house physician attended. Arbuckle recently completed a Warner Brothers film and had been attempting a career comeback following the 1921 death scandal.
Sparta Ga July 1 Mrs Sarah L Mincey oldest white woman in Hancock county at 102 still in good health and unafraid of hard times. She recalls life through decades of toil including cotton picking on birthdays and now helps with housework. She praises Roosevelt and his leadership.
Governor Talmadge, addressing a Fourth of July crowd in Albany, pledges to cut highway costs and possibly delay payments to teachers and Confederate veterans. He blasts ex-chairman J. W. Barnett, cites a $2012 highway department check misissued to E N Smith, and defends his budget cuts while warning against further excess.
Washington reports Senator Walter F. George of Georgia is virtually recovered from pneumonia that sent him to the hospital two weeks ago. Hospital staff say he should leave soon, needing only a short period of rest to complete recovery.
Roberta Georgia July 1 paving of the five mile section of highway route No. 22 is finished and open to traffic. McDonald Construction company supervised the project with a large number of the county's unemployed workers employed on the job.
Georgia Legionnaires concluded their Valdosta meeting by choosing Savannah as the next convention site and electing Maj. Quimby Melton to the national committee. Sidney Camp and B. E. Carlisle named department commander and vice commander at large. Resolutions urged a $2 peat tax to fund Miss Meena Michael’s poppy day educational work, and urged reinstatement for Miss Michael in the university system. Mrs. P. I. Dixon was elected state auxiliary president.
Washington July 2 arrangements for loans to American exporters to finance 60 000 to 80 000 bales of cotton for shipment to Russia were announced by the Reconstruction Corporation. The measure opens negotiations for shipments of various commodities to the Soviet Union, marking the first such move since Russia’s present power structure took shape.
Ten convicts escaped from a Jasper Georgia prison camp early Saturday after warden Lindsey was shot and killed while aiding guards. Will Hyde was assaulted by a fleeing prisoner who seized a shotgun, and guard Will Evans was wounded lightly while aiding the effort. Lindsey leaves a wife, a daughter, and siblings. The escape occurred near Grand View States, about five miles from Jasper, with officials believing the mutiny was premeditated.
Washington Ga June 30 Thomas W Porter formerly Mig Grace Huguley of Danbury Ga bride of June 26 was killed instantly in an automobile accident Friday near Rome. Porter was seriously injured. The couple were on their wedding journey through the mountains of North Georgia when the accident occurred.
In Prestonsburg Kentucky on July 1 two men were killed and five wounded at a voting booth during a school trustee election. The shooting happened along Prater Creek about one mile south of Prestonsburg.
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