Banking crisis reshape Cedar Rapids area 1934 outlook
The piece argues 1934 will be pivotal as state socialism looms and the New Deal advances. It outlines deposit insurance plans and RFC loans, detailing relief steps for American Trust and Cedar Rapids Savings depositors, the role of Merchants National and Peoples Savings, and calls for quick action by old banks to form a new bank under RFC support.
MENTIONED IN THIS ARTICLE
American Trust
Cedar Rapids Savings
Iowa State Savings Banks
Iowa State
Congress
Robinson
House
Rainey
Douglas
Capitol Hill
Wallace appoints group to map nationwide wildlife plan
Secretary Wallace announced a committee to develop and supervise a nationwide wildlife protection plan with Roosevelt approval. Thomas H. Beck chairs the group including J. N. Darling and Aldo Leopold to outline methods for a defin ite study and possible start later this year if funds permit. First meeting set in Washington on January 6.
MENTIONED IN THIS ARTICLE
Washington
Wallace
Roosevelt
Thomas H. Beck
Wilton
Beck
Leota Childress Sacrifices Life Over Foster Parents’ Money
In N C, 18 year old Leota Childress hid the money from four bandits, wrote a coded note for her foster parents, and was shot trying to call for help. Four men including Blaine Norman and Jesse Brewer were jailed as suspects in the robbery. The note led authorities to the money in a tobacco cellar.
MENTIONED IN THIS ARTICLE
Elin
N. C
Leota Childress
Wilhesboro
Porter
Taft
Blaine Norman
Jesse Brewer
W. W. Tilley
Leota
Underhill Still Fighting Death
Shawnee Oklahoma Wilbur Underhill remained alive early Tuesday after a shooting clash with officers Saturday He was not expected to die before daybreak but his condition stayed about the same as Monday night
MENTIONED IN THIS ARTICLE
Shawnee, Okla
Wilbur Underhill
Ames Man Appointed at Missouri College of Agriculture
Columbia Missouri AP reports faculty appointments at the University of Missouri College of Agriculture include Paul L Piercy of Ames Iowa named as instructor in veterinary science on Tuesday.
MENTIONED IN THIS ARTICLE
AMES
Columbia
College of Agriculture
University of Missour
Paul Lb
Piercy
Ames, Ia
Unstable Funding Seen As Up To 100000 Support Set-Up
Analysts warn that if current information holds, a setup of up to $100000 could be needed to ensure support. The figure hinges on reliability of data and the plan’s viability for implementation.
Urgent Move to Form Bank Requiring Fifty Percent Deposit
Depositors urged immediate action to organize the bank and arrange the required fifty percent deposit at an early date. The RFC and state banking department are said to demand a voice in management selection, which should be finalized and approved now to avoid delays in liquidation of deposits.
MENTIONED IN THIS ARTICLE
RFC
State Banking Department
Everyday Religion Reflections on Morality and Fear
A reflective column critiques social conformity and moral fear. It contrasts practical action with hollow virtue, cites Thoreau on neighborly guidance, warns against overreliance on public opinion, and explores how fear fuels morality before love. Copyright 1934, Dr. Newton.
Contractor George Staton Dies of Tularemia in Kokomo
George W. Staton a 59 year old contractor died in Kokomo Indiana from tularemia contracted while cleaning a rabbit three weeks earlier. He was identified as a resident of Kokomo and his death was reported by United Press.
MENTIONED IN THIS ARTICLE
Kokomo
Ind
George W. Staton
Los Angeles flood toll may reach sixty dead
The New Year’s Eve flood in Los Angeles and suburbs killed and left missing dozens, with 41 bodies recovered and 13 officially listed missing and probably dead. Police and sheriffs searched debris along the Los Angeles River as waters receded. Victims include teenagers Losea, Brook, Far, Pulliam, and others swept from Riverside Drive.
MENTIONED IN THIS ARTICLE
Los Angeles
Sheriffs Office
Montrose-La Canada
Glendale
Verdugo Wash
Losea
Phyllis Brook
Wendell Far
Virginia Pulliam
Riverside Drive
Oliver J. Tribe
Chandler Hart
Mary Ann Ferrell
Inez Carley
Richard Draper
Larry MacDonald
Miss Carley
Miss Ferrell
Davis removes George Peek's AAA officials in sweeping reorganization
Washington dispatch reports a major AAA shakeup removing all Peek appointees and eight divisions. New administrator Chester Davis outlines economies, restaffing with allies of Henry Wallace and Rexford Tugwell, consolidating divisions and focusing on core farm income programs.
MENTIONED IN THIS ARTICLE
Washington
Agricultural Adjustment Administration
George N. Peek
Illinois
Peck
New Deal
Henry Wallace
Rexford Guy Tugwell
Peek
AAA
Roosevelt
Brockhart
Chester C. Davis
Davis
Victor A. Christiau
H. R. Tolley
Alfred D Stedman
Christgau
Minnesota
Tolley
Stedman
Finney Sentenced 31 to 635 Years in Bond Scam
Ronald Finney, central figure in a Kansas million dollar bogus bond scandal, received a prison term of not less than 31 nor more than 635 years. Judge Paul H. Heinz ignored the recommended 15 year minimum and overruled a plea to withdraw the guilty plea if the agreement wasn’t kept. Finney faced 31 counts of forgery and sale of a 30 000 Hutchinson bonds as evidence showed fake bond pads worth nearly three quarters of a million dollars.
MENTIONED IN THIS ARTICLE
Topeka
Kas
Ronald Finney
Kansas
Paul H. Heinz
Finney
Heinz
Lester Goodell
Goodell
Hutchinson, Kas
Leland Caldwell
New Bank Plans To Replace Cedar Rapids Savings
A joint committee plans to organize a new bank occupying the Cedar Rapids Savings building with a $250000 capital stock and RFC aided financing. Depositors will receive at least 50 percent of their funds, and 5000 shares at $30 each will be sold to the public. Waivers cover excess funds, and eighty percent of Cedar Rapids Savings depositors are targeted for transfer. The meeting was set for Wednesday to finalize stock sales and organizational steps.
MENTIONED IN THIS ARTICLE
Cedar Rapids Savings Bank
American Trust and Savings Bank
RFC
Joint Committee
Senate
Cedar iRapiis Savin
Heesigs
Walvere
Trustan Savings ‘ Bank
Besanana
Three Cedar Rapids Banks Obtain Federal Deposit Insurance
Three Cedar Rapids banks Merchants National, Peoples Savings, and United State Bank have been approved for FDIC insurance covering deposits up to 2500. They received telegrams from Washington Monday night. Other city banks operate under Senate File 111 permitting safe keeping deposits only. Additionally, Edmund Cooper age 115 died in Placerville California hospital after coming from Ireland during the gold rush.
MENTIONED IN THIS ARTICLE
Merchants National
Peoples Savings
United States
Cedar Rapids
New Deposit
Merchants National Bank
The
Peoples Savings Bank
United State Bank
Washington, D. C
Federal Deposit Insurance Corporation
Senate
Placerville
Calif
Edmund Cooper
Dublin
Ireland
Cooper
California
Lord Tenryn
England
Harriman lists NRA program changes in New Year address
Henry I Harriman president of the United States Chamber of Commerce urged broadening codes and adjustments to the recovery program in his annual New Year message. He praised the administration and outlined 12 proposals including currency stability, enhanced foreign trade, and freer independent business activity. He urged empowering city executives as well as national leaders.
MENTIONED IN THIS ARTICLE
Peek
Smith W. Brockhart
AAA
Iowa
William J. Westerveit
Army and Company
Ts Xinter
James D. Dole
Dole
Honolulu
Oscar Johnston
Scott
Miss
Washington
Henry I. Harrimann
United States Chamber of Commerce
Harriman
Ten Men Named as Slang Pioneers by Funk Publisher
Wilfred J. Funk cites ten modern Americans as key contributors to American slang. Sime Silverman H L Mencken Tad Dorgan Walter Winchell Bugs Baer Ring Lardner Damon Runyan Gelett Burgess George Ade and Gene Buck shaped common terms and headlines with coined words and catchphrases across Va riety journalism, literature and popular culture.
MENTIONED IN THIS ARTICLE
New York
Wilfred J. Funk
Manhattan
Funk
Sime Silverman
H. L. Mencken
T. A. Dorgan
Walter Winchell
Bugs Baer Ring Lardner
Damon Runyan
Gelctt Burgess
George Ade
Gene Buck Silverman
Variety
Silverman
Wall Street
Mencken
Tad Dorgan
Winchell
Broadway
Bugs Baer
Lardner
al Runyan
Runyan
Omar Cayenne
Burgess
Ade
Buck
House Blocks State Seal Use on Iowa Liquor Packages
Des Moines Iowa lawmakers move to strip the great seal from liquor packages as the liquor control bill advances. The amendment to allow a separate seal was approved 82 to 7 amid crowded galleries with ministers and a national women’s group in attendance.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa House of Representatives
Proposed
Control Commission
Liquor Control Committee
Rep. Goode
Davis
Aldrich
Beath
Durant
Gissel
Bowers
Paisley
Sheridan
Brady
Crouch
Elliott
Foster
Gallagher
Hartman
Jenkins
Jensen
Laughlin
Lockinghill
McDermott
McFarlane
Mercer
Moore
Benton
Porter
Stansell
Stimpson
Wicken
Willis
Commission
Iowa
Roosevelt to ask for tariff powers in new congress
President Roosevelt plans to address a joint session of Congress to outline state of the nation with a program including broad powers to negotiate reciprocal tariff agreements. Senate leaders discuss delegating treaty powers to the President while preserving limited Senate approval.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
House of Congress
Woodrow Wilson
White House
Senate
Pocrenesy
Leeder
Robinsen
Robinson
Congress
Pennsylvania Opens State Liquor Stores Monopoly
Pennsylvania launched a state control system for liquor with a three member board. About ninety stores opened at 9 a.m. with aim for nearly 300. Only state sold liquor allowed. hotels and bars may serve single drinks under supervision. Import and export of liquor bound to state taxation and control.
MENTIONED IN THIS ARTICLE
Harrisburg
Pennsylvania
Pinchot
Commonwealth
Toddville Youth Given Year's Term In County Jail
Cleve Morris of near Toddville was sentenced to one year in the county jail by Judge A B Clark for attempting to suborn perjury before a grand jury about the October 31 road dispute shooting near Chain Lakes. The sentence runs concurrently with a prior larceny sentence.
MENTIONED IN THIS ARTICLE
Crpar Rapids
Cleve Morris
Toddville
A. B. Clark
Morris
Bert Asher
Near Toddville
Fred Morris
Chain Lakes
Ditzier
Clark
Ethel Whipple
Shellsburg
Joseph van Kirk
Minnesota
Whipple
van Kirk
Also Mentioned on This Page
Verne Marshall
Hat
Hs Nation
Congress Pan
Eaders
A Degetter
Strucure
Threseh
RPC
R. F.C
Wallace Playis
Thoreau
DR. Newton
Los Angel
George Peek
National Recovery Administration
C.R Savings
Cedar Rapids News
C. Head
Department of Agriculture
Boe
Reconstruction Finance Corporation
Eiquor
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