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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 16, 1933
Page
1
Verne Marshall surveys bankers and depositors reacting to a nationwide purge of the banking structure. He praises Roosevelt and urges solvent banks to aid the administration, warning against hoarding and urging cooperation for credit extension and economic recovery.
Stocks surged on reopening of banks with shares up as much as 16 points and several issues gaining over 16 percent. Bond prices jumped and the Dow Jones style averages recovered losses from February, while commodities markets also advanced on expectations of a spring business revival.
In Vienna Chancellor Engelbert Dollfuss declared a scheduled parliament session illegal at 3 pm and ordered police to guard the parliament hall and other public buildings as he seeks to curb the rising Nazi influence in Austria.
NEW YORK AP A three million line newspaper advertising campaign was started Wednesday on Procter and Gamble Cincinnati soap manufacturers announced here by the company's advertising counsel Newspaper are being used because of seed and mobility said the announcement The campaign was started it was stated because of the way the American public Pra s rallied behind the courage and frankness of the President.
A fifty two year old signalman dies at his post after calling for help, his name forgotten. The piece honors humble railroad workers whose steadfast duties keep life moving, highlighting anonymous fidelity over celebrated leadership.
The United States naval dirigible Akron touched down in Colon after a flight from Miami on Wednesday.
Senate Democratic leaders push to legalize 3.2 beer and wine by Thursday night. The Cullen bill, amended to include wine, heads to a noon Thursday vote and could reach the White House by Thursday night for signing. If enacted, 23 states with 72 million people would permit beer sales within 15 days.
European statesmen rush to avert war as MacDonald and Simon meet Hitler in Stresa on their way home from Britain. Daladier moves to Geneva with Boncour to press security guarantees before disarmament.
The Iowa House adopted a resolution directing the state board of education and presidents of the three state institutions to provide salary data for faculty. Data must be supplied at a joint appropriations meeting of House and Senate committees.
Iowa banks rapidly shed restrictions as 69 state banks were released by L. A. Andrew superintendent of banking, bringing total releases to 115 under senate file 111. Four federal reserve banks opened without restriction in Clinton Columbus Junction Missouri Valley and Woodbine with more following. Gold hoarding eased with $859000 in gold and gold certificates received since the campaign began.
The Holbert Horse Importing company auctioned forty seven horses including mares fillies and stallions for a total of 26505 dollars averaging 563.93. Top bid went to Maurice 202437 a Percheron stallion bought by Storey Brothers of Kenyon Minnesota for 2275. Espoir d Ath a Belgian stallion foaled 1925 sold for 1000 to C E Bottomstone of Wyoming Iowa. The sale featured premier animals and drew notable bidders and buyers.
Washington reporters describe Senators Couzens and Long discovering an emergency bank bill on the senate clerk desk after it was blocked by federal reserve officials. Long brands the hold up a “hook or crook” while noting White House inquiries and a House delay at Steagall’s committee.
President Roosevelt and his agricultural advisers moved toward a new farm relief plan aimed at leasing farm lands to reduce surplus production and lift farm prices. The initiative seeks rapid action this week to begin by April 1 and may include domestic allotment adjustments across crops with funding through processing charges. A worldwide wheat curtailment effort with Canada, Australia, Argentina, Russia, and the Balkans may accompany the plan at the London conference next summer.
Cedar Rapids bankers announced on Wednesday that nearly $214,000 in gold and gold certificates were removed from old holdings and reissued into circulation. Gold receipts reached $55,000 that day as the drive to redeposit currency continued with vigor and many old bills appeared among deposits, including a $2,300 showing.
Roosevelt and Woodin vow to prosecute bankers blamed for the banking crisis. They aim to restore proper operation of banks and bring to justice those responsible, with Woodin noting the harm to ordinary savers who lost life savings.
A devastating tornado on the Tennessee Kentucky border kills 34 and injures over 200 as it tracks from the Mississippi through Nashville toward Kingsport and Rogersville. Rescue teams brace for more reports as communications return. Nashville reports at least ten fatalities with multiple towns tallying losses.
The tally of dead from the Tennessee Kentucky border tornado grows with names including Omar Keith and his family, Robert Mason, Leonard Perry’s two children, Charles Butterini’s child, and others in Nashville and nearby areas. Some victims remain unidentified among the scattered listings.
Two Corners brief items list Bellwood J. c Cooksey and John Harris with Harrogate Cadle children, Oswego infant of Othneil Cadle and Bill Hollers, Mill Point and Lebanon entries for Alice Large Herman Wallace and Jim Knight.
Long Beach AP reports police say saboteurs contaminated ambulance gasoline with steel and brass filings to stall救 aid by hospital squads aiding quake victims. Acting Lieutenant C E Peterson noted ambulances were blocked while on calls.
The third day of Roosevelt's bank reopening saw major and small banks resume operations across federal districts and clearing centers. The New York Stock Exchange and other exchanges resumed trading with markets rallying. Massachusetts lifted withdrawal limits and deposits exceeded withdrawals as the crisis eased.
Washington reported the Senate approved an economy bill granting President Roosevelt authority to cut 500 million dollars from veterans costs and federal salaries. The vote stood 62 to 13, with 400 million from veterans compensation and up to 15 percent cuts in federal pay. The measure returns to the House for amendments after a hard three day fight led by Robinson and Harrison.
The text argues that veterans with service connected disabilities could lose some compensation, not all, and that reductions for older Spanish American War vets may occur. It notes Congress transfers broad control to the executive branch, with the President deciding how and where reductions are applied.
Mrs Home er Cherrington of Iowa City was elected president of the Iowa League of Women Voters at its thirteenth annual meeting. New officers include Mrs F A Stromsten Des Moines Mrs D F Givens Des Moines Mrs Ella Smith Estherville Mrs Carl Mann Des Moines and Mrs Ralph Ojeman Iowa City. Resolutions urged state health maternity funding primary election timing government reorganization school budget appropriations and unemployment relief agencies.
Indictments charging two kidnappings and numerous robberies were returned Wednesday in Benson Minnesota against six suspects identified by confessions as a gang that abducted Cedar Rapids resident George Kerns and used his car in eastern Iowa crime sprees. Police say the group fled to Minnesota and were cornered after a fatal gunfight in Benson.
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