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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 11, 1933
Page
1
A powerful quake struck Los Angeles at 5 55 pm followed by a San Diego tremor. Buildings swayed and bricks fell on Broadway near First, halting streetcar traffic as crowds rushed into the streets.
The bank bill passes the House but delays arise as President Roosevelt extends the four day banking holiday. Pressure from banks not under federal regulation spurs new orders to reassess which banks may reopen. Washington and Des Moines scramble to manage hoarding while Paris signals aid and Miami reports marital gossip.
Albany lawmakers petitioned Congress to broaden the emergency banking act so New York state banks and trust companies may use Roosevelt relief. They seek authority to reopen alongside national banks and to borrow from the Reconstruction Finance Corporation with collateral, circumventing constitutional limits on non-assessable stock.
A unique funeral in Chicago honors mayor Anton Cermak who rose from Bohemian roots to lead the city and was killed by an assassin’s bullet, a life story told as a heroic legend.
Iowa officials announced plans to reopen state banks under supervision with authorization from Secretary Woodin. Regulations are being drafted and proclamation expected by Saturday. Private Iowa banks face unsettled rules while national banks move to resume operations and gold returns trend to banks nationwide.
A 22 year old blonde enters Irving Berman's fruit store in Chicago and threatens the clerk with a pistol. She orders the staff to stay quiet and escapes with 225 dollars.
President Roosevelt asked Congress for extraordinary powers to trim government salaries and expenditures including veterans benefits. Leaders planned a swift bill, using a gag rule in the Senate and a House caucus to quell the veterans bloc, with action expected Saturday or next week.
Washington reports in well informed circles that Josephus Daniels publisher of Raleigh North Carolina and former secretary of the navy is being considered for appointment as ambassador to Mexico Earlier word had put him forward as a potential chairman of a transportation unification agency tied to President Roosevelts reorganization plan
In Miami and Tallahassee reports, Giuseppe Zangara receives the electric chair death sentence for fatally shooting Chicago Mayor Anton J. Cermak during the Feb 18 assassination attempt on Franklin D Roosevelt. Judge Aly O Thompson presides, with Zangara defiant as the verdict is read.
Mr and Mrs Anna Halverson a 91 year old woman and her husband were tortured by three masked bandits five miles southeast of Ames Thursday night. The attackers bound Mrs Halverson then burned her feet and beat the man. They obtained about one dollar which was later discarded as they fled.
Hoarders nationwide rush to banks to unload gold amid fears of prison and fines. Government measures spark vault clearouts as double eagles and bullion flood into federal reserves, with estimates of hundreds of millions restored this week.
In Des Moines AP report outlines the Beatty Bennett tax reduction bill sent back to the senate after nine amendments. House approves 99 to 4 with provisions to 85 percent of 1930 levies excluding state and local assessments. Conference possiblity floated as talks continue.
President Roosevelt readies a third emergency proposal to Congress proposing a 500 million dollar bond issue to hire and house 500,000 unemployed in nationwide work camps. An army engineers corps drafts plans to carry the program if approved and oversee the projects.
A bomb addressed to President Roosevelt was found in Watertown New York post office this week. Authorities say a prior crude bomb mailed from Watertown to Washington before inauguration was likely sent by the same person. Police had received a letter threatening death to presidents governors and millionaires and vowing to finish Zangara’s work.
A 1933 reflection on the gap between high ideals and hard facts in religion. Samuel Crothers and Ruskin are cited to critique how “Love your enemy” becomes “Give it to him in the neck.” The piece argues infidelity bold enough to deny effective rule, urging sincere effort to bridge ideals with practical action.
Cedar Rapids banks begin steps to reopen after a national banking holiday. Merchants National seeks a federal license via the federal reserve and treasury, while Peoples Savings files with the Iowa state banking department. Four Cedar Rapids banks under new Iowa law are expected to resume, making new deposits available.
A blended motor fuel of gasoline and alcohol was placed on public sale Friday under the Spencer chamber of commerce. Filling stations reported heavy business from people testing the new fuel. The tests will continue Saturday.
Washington AP reports President Roosevelt orders gradual reopening of banks starting next week. Federal and state authorities will issue licenses and restrict operations to sound institutions while ensuring payrolls and essential purchases. The plan allows pre March 6 1933 checks to be honored by charging drawers accounts.
Secretary Woodin addresses state bank superintendents stating all banks are prohibited from conducting banking business under the March 9 proclamation, except where specifically authorized by rule regulation or license. The notice continues on page 16 column 8.
Washington AP reports President Roosevelt issued an executive order under the 1917 act and 1933 amendments authorizing member banks of the Federal Reserve and other U S banks to resume normal banking functions with state and federal supervision. Banks must apply for licenses via Federal Reserve banks and Treasury approval. Continued on Page 16 Column 3.
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