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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 10, 1933
Page
1
The new Congress, summoned by the President, is urged to act swiftly and constructively amid a crisis. Bankers pressed Hoover for a rapid proclamation. Roosevelt seeks power with responsibility. Readers propose public gardens to use unemployed labor for food production, while urging coordinated relief programs in Linn County.
President Roosevelt calls leaders to the White House to discuss economy measures and the Tennessee Valley Authority project. Senator Norris introduces a rider to accelerate Muscle Shoals plans, with aims to manufacture power and fertilizer and survey the valley for job creation and stimulus.
The Merchants National Bank of Cedar Rapids was instructed by the Federal Reserve Bank of Chicago to provide complete names and addresses of all persons who withdrew gold or gold certificates and have not redeposited by March 13 1933. Two lists are required detailing withdrawals before February 1 and since that date.
Lincoln Nebraska AP reports 420 banks closed by order of Governor Bryan last week will reopen Friday under a restricted moratorium on withdrawals. Legislature passed the bill Wednesday and Governor Bryan signed it Thursday to resume limited banking operations.
City and county officials push to cut taxes but meet fierce opposition from public employees whose spokesmen issue threats as the effort unfolds.
Revelation that Mr Hall man and some public school teachers indirectly joined the pulpiteer attack on this newspaper and others opposing tax reduction is noted. The piece argues objectors are public employees, making their actions understandable.
The passage of the bank bill Thursday night forecast an early reopening of normal business in New York's financial center. Buckner said the Clearing House had cleared 625 million dollars of checks and awaited Washington's word to reopen banks. The stock exchange awaited banking facilities but was unlikely to reopen Friday.
Washington AP report notes committee assignments for new Democratic senators. Murphy of Iowa is named to the Senate Agriculture and Commerce panel, joining Duffy of Wisconsin in duties spanning foreign relations, military, elections, education, and labor.
Madison AP reports the Wisconsin legislature approves statewide scrip to be used as money amid a banking emergency. Leo T. Crowley says action by Congress may reopen all Wisconsin banks under the new law Friday morning.
Representative Cullen of New York announced he would introduce and press for action a bill to legalize and tax 3.2 percent beer. The measure, sponsored previously by Chairman Colier, would set beer at 3.2 percent alcohol by weight and tax it at five dollars per barrel.
Washington AP reports Senator Key Pittman of Nevada was elected president pro tempore of the Senate. Also, Rep Henry T Rainey of Illinois was named speaker of the House for the Seventy third Congress.
Corning California report says pilot Ben Torrey swapped a plane ride with tailor H. Heninger to get a new pair of trousers. Heninger promised to resize if Torrey returned safely from a risky 10,000 foot air-junket, and he did.
The emergency banking bill grants the President broad dictatorial powers to reopen sound banks immediately and to finance them via federal reserves and government bonds. It allows conservators for impaired banks, ensures deposits against sound assets, and extends wartime powers from 1917 with immediate effect on passage.
The text approves all actions or orders issued since March 4 1933 by the President or the treasury secretary under wartime or national emergency authority. It amends Section five of the 1917 act to let the President, via designated agencies, investigate regulate or prohibit foreign exchange transactions and transfers of credit among banks and controls on gold or silver, requiring when needed full books and papers from involved persons.
Reserves of 1 500 000 dollars deposited by Iowa banks in Chicago are released for withdrawal by a Treasury ruling. Acting Governor Kraschel says the move is a concession to Iowa for continuing its holiday, but the full forty million dollars in reserves held outside Iowa must be liberated first to avoid draining cash for food shipments and emergency operations.
This 1933 notice reflects on Bennett’s diary line about American and English friendships, noting the balance of familiarity and formality. It argues genuine closeness exists in both cultures, warns against overfamiliarity, and links intimate bonds to religious life and God’s presence.
Mrs Janet Allen Walker filed for divorce from James J. Walker former New York City mayor in Dade County circuit court alleging desertion.
Washington bureau reports the government minting hundreds of millions of dollars in new federal reserve notes at top speed under President Roosevelt to support the banking program.
Giuseppe Zangara pled guilty in Miami to murdering Mayor Anton J. Cermak during the Bay Front plot to kill President Roosevelt. Circuit Judge Aly O. Thompson will decide whether he is sentenced to death in the electric chair or to imprisonment.
Bertha J. Gardner 26 an assistant dietitian at the University of Iowa hospital was killed Thursday night when thrown from a horse while returning from a ride with Daisy De Arm an of Iowa City. The coroner said death was from a fractured skull. No inquest will be held. Gardner was an experienced rider and a University of Utah graduate who had served on the hospital staff for several years.
Josephus Daniels of North Carolina former secretary of the navy is reportedly slated to chair a new government group that would combine the interstate commerce commission the shipping board and the aeronautics branch of the commerce department. The plan aims to consolidate major transportation agencies as part of a broader reorganization Roosevelt is said to support though a full program is not expected before a special session called in two or three weeks.
Secretary Palace ordered an investigation of grazing rates in national forests to see if they reflect livestock market values. Current charges are 14 13 cents per head for cattle and 4 1/2 cents for sheep and goats for the first 1933 payment, with subsequent rates to be set after the inquiry.
Carter Randolph Leidy, noted New York sportsman, was in Fordham hospital in serious condition while his wife Marjorie Procter Leidy had died from a Bronx river plunge when their car swerved to avoid a collision. Police sought an in path motorist believed to have cut in.
President Roosevelt signs a sweeping banking reform bill enabling banks to reopen and inject currency. The measure, passed by Congress in record time, designates the President with broad powers to direct financial policy as a golden embargo is set to extend. The vote was 73 to 7 in the Senate with support from both parties.
Melvin A. Traylor announced the consolidation of First National Bank and First Union Trust and Savings Bank of Chicago. The merged assets rise to about 700 million dollars, marking a major banking consolidation in the city. William Martin extended the district national banks holiday until Saturday morning in St Louis.
Washington plans to seek early in the special session legislation to authorize building up the American navy to treaty or near treaty strength. Senator Swanson indicates aims to bolster naval power in line with international agreements.
Mayor Anton J. Cermak lies in state at Chicago City Hall with thousands filing past the catafalque. Burial set for Friday at Bohemian National Cemetery. public offices close. Gov. Horner to confer with Democratic leaders on Cermak’s successor.
Washington AP reports the Farm Board postponed decisions on wheat futures transfers amid holiday banking closures. Chairman Henry Morgenthau Jr. convened a conference with millers seeking a plan for transfers to grain exchanges after closures. The discussions focused on releasing part of the board holdings exceeding 30 million bushels, chiefly for May delivery.
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