Herring plan eyed to shield Iowa bank depositors
Iowa eyes Governor Herring's proposed plan to protect depositors as banks under urgency rules may reopen with capital injections and partial waivers. The policy would offer depositors nonassessable stock in exchange for waivers while banks restructure or liquidate, aiming to restore stability and public trust.
Iowa Bank Measure Provides For Stock as Lien to Depositors
Des Moines AP reports drafting of a bill to issue preferred stock for depositors in closed banks and in banks operated by the state banking department. The measure would require examination by the state banking department, limit voting rights, set a 3 percent dividend, and allow liquidation claims if segregated assets do not retire the stock. Governor Herring and officials expect to curb waiver abuse and secure depositor liens.
MENTIONED IN THIS ARTICLE
Iowa
Herring
Washington
Des Moines
Banking Department
E. L. O'Connor
Clyde Herring
State Banking Department
Vernor
Friday Deadline To Pay Taxes Without Penalty In Iowa
Des Moines lawmakers consider a bill to lift the penalty on the March installment of taxes. The senate has passed the measure but the house delays action. County Treasurer Frank Williams is in Des Moines while deputy Lee Fitzgerald says no new instructions have arrived and the one percent penalty on the first half of 1933 taxes will be applied Saturday.
MENTIONED IN THIS ARTICLE
House of Representatives
Des Moines
Senate
House
Frank Williams
Lee Fitzgerald
Senate OKs Half Billion Direct Relief to States
The Senate approved $500 million in direct federal grants to states for relief and sent the measure to the House. The package would allocate 40 percent of funds to states with caps and bases on prior public spending, marking a key step in Roosevelt’s unemployment relief program.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Congress
Treasury
William Green
American Federation of Labor
Organized Labor
Perkins
Pres
R. F. CO
District of Columbia
Three Years For Milk War Murder
Nile Cochran of Moville Iowa was found guilty of second degree manslaughter in the Feb 3 milk strike shooting that killed Elk Point trucker R. D. Markell. After a 21 hour jury deliberation, Judge L. L. Fleeger sentenced Cochran to three years in the state penitentiary.
MENTIONED IN THIS ARTICLE
Elk Point
S. D
Nile Cochran
Moville
Farmer
R. D. Markell
L. L. Fleeger
Cochran
Iowa Gas Tax Law Upheld In Federal Ruling
A federal court denied Mona Motor Oil Company’s injunction challenge and upheld Iowa’s gasoline tax. The tribunal ruled state statutes and enforcement did not burden interstate commerce and that taxes were collected from consumers, not the company, amid prior audits and indictments.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa
Mona Motor Oil Company, Inc
Arizona
Oil Company
William S. Kenyon
George C. Scott
Sioux City
Charles A. Dewey
Mona Motor Company
Carter Lake
Pottawattamie County
Bomb bursts in Rev Coughlin's Detrow home
Police investigated a black powder blast at the Royal Oak home of Rev Charles E Coughlin as crowds gathered outside. The explosion damaged five windows and destroyed charity canned goods. a white cord was found, guiding detectives in their inquiry. Coughlin called it intimidation and left the residence after the blast.
MENTIONED IN THIS ARTICLE
Detroit
Charles E. Coughlin
Father Coughlin
Fairlawn Avenue
Royal Oak
Tax Inquiry Into Father Coughlin Returns
Detroit based internal revenue office begins probe into Father Charles E. Coughlin income tax filings. The investigation centers on alleged failure to file prior to 1931 while Shrine of the Little Flower remains exempt. Coughlin declines comment.
MENTIONED IN THIS ARTICLE
Detroit
Internal Revenue Office
Charles E. Coughlin
Internal Revenue
Fred L. Woodworth
Wife of Lammot DuPont Seeks Divorce in Reno
Mrs Caroline Hynson DuPont filed for divorce from Lammot DuPont in Reno Nevada. He is president of DuPont Powders and chairman of General Motors. They wed in Wilmington Delaware in September 1930. She cites extreme cruelty. A property settlement occurred out of court. No children. Trial set for Friday in secret session.
MENTIONED IN THIS ARTICLE
Reno, Nev
Lammot DuPont
DuPont Powders Company
General Motors Corporation
Caroline Hynson DuPont
Wilmington
Del
DuPont
British Envoy Not Returning to Moscow After Arrests
Sir Esmond Ovey, British ambassador to Moscow, will not return as Britain demands. two Britons and four Russians arrested with Metropolitan-Vickers workers face sabotage charges on April 9 or 10, under espionage and economic information conspiracy laws with possible death penalties.
MENTIONED IN THIS ARTICLE
Moscow
Esmond Ovey
London
Metropolitan- Vickers
Embargo Debate after Ovey Recall in Commons
In London the Commons debated a mercantile embargo on Moscow after Sir Esmond Ovey was recalled as ambassador to Soviet Russia. Sir John Simon announced the recall in connection with arrests of four Metropolitan-Vickers employees on espionage charges, and Major General Sir Alfred Knox pressed for restricting Russian trade. Sir Simon said such questions would be kept in abeyance.
MENTIONED IN THIS ARTICLE
London
INS
Esmond Ovey
Russia
Moscow
House of Commons
Esmond
Metropolitan-Vickers, Ltd
John Simon
Alfred Knox
Sir John
Wife shot in bed. Slane 7 St. Louis tragedy
Mrs Anna Schleuter aged 46, mother of four, wife of Oak Hill School principal William Schleuter, was shot to death in her bed early Thursday in their seven room home. Schleuter said he woke to a prowler in the room and the intruder fired twice as he rose from the bed.
MENTIONED IN THIS ARTICLE
Louis
INS
Anna’ Schleuter
Schleuters
William Schleuter
Oak Hill
Schleuter
Senate Probes J P Morgan Firm in Roosevelt Era
The Senate banking committee moves to broaden power for stock market scrutiny and to include J P Morgan and Company along with other major banks. The inquiry aims to expose banking and speculative practices of the boom period and guide new legislation to protect investors and the public.
MENTIONED IN THIS ARTICLE
Washington
LLP
Senate Banking and Currency Committee
J. P. Morgan and Company
Wall Street
Morgan and Company
Roosevelt
House
Senate
Iowa House Advances General Appropriation Bill
The Iowa House prepared final action on the general appropriation bill. It sets annual appropriations at 11 501 747 and cap salaries for the state board of education while requiring sworn audits of unspent balances before new funds become available.
MENTIONED IN THIS ARTICLE
DES Moines
House
State Board of Education
University of Town
House panel OKs drastic higher ed salary limits
The appropriation measure faces further amendments in the house and a senate test. Rep Reed's amendment sets maximum pay for university staff: presidents 7500, superintendents 3000, secretaries 2400, department heads 5000, non heads 3600, others 2400. Last year heads took 5 percent cuts. University of Iowa president would rise from 18100, Iowa State 14250, Iowa State Teachers 8000.
MENTIONED IN THIS ARTICLE
House
Senate
Rep
Reed
Mahaska
Committee For House
University of Iowa
Iowa State College
Iowa State Teachers College
World Economic Parley Aims June Meeting Date Set
London reports that negotiators Davis and British officials agreed to convene the world economic conference by June 6 if not by late May. The talks followed discussions between Norman H. Davis and British authorities about early summer proceedings.
MENTIONED IN THIS ARTICLE
London
Norman H. Davis
Roosevelt
Europe
Culbertson Learns Bridge in Hollywood From Unintelligent Dumbbells
Ely Culbertson returned from five weeks in Hollywood claiming the film capital taught him bridge. He ridiculed publicists and praised Hollywood as a virtuous spot, joking he might become a professional bridge expert. He planned to return for future publicity work.
MENTIONED IN THIS ARTICLE
Culbertson
Hollywood
New York
Ely Culbertson
Movie
Capital
Put Out the Lights Reflects a World of Weariness and Collapse
The critique notes a widespread somnambulism in modern life, where people dismiss upheavals and feel little motivation to change. It argues this spiritual malaise underpins the depression of the era and that without addressing this mood, renewal is unlikely. Faith, if seen as fiction, compounds the fatigue shaping society.
MENTIONED IN THIS ARTICLE
Lenin
Mussolini
Ikea
Labor and Farmers Clash Over Rail Czar Plan
Washington AP report notes railroad labor opposition to administration plans for coordinated operation of carriers as Farm Bureau, Grange and Farmers Union resist regulation of motor carrier rates. Unions warn one man control would deprive communities of service and workers of work and wages and foresees impact on thousands of jobs.
MENTIONED IN THIS ARTICLE
Washington
American Farm Bureau Federation
National Grange
Farmers Union
Farm Bill Debate Highlights Power Restrictions and Additions
In Washington the senate agriculture committee signaled limited chances to amend the farm relief bill as it nears passage. A substitute would sharply curb secretary of agriculture powers while adding flax and peanut relief. Friday’s session may expand coverage to oats potatoes citrus and other fruits. Also Henry Morgenthau Jr announced a plan to accelerate liquidation of commodity holdings pledged for farm board loans totaling 157,236,323 as of February 28.
MENTIONED IN THIS ARTICLE
Washington
Senate Agriculture Committee
Senate
Smith
South Carolina
Secretary of Agriculture
Henry Morgenthau, Jr
Farm Board
Co-Operative Marketing Associations
Morgenthau
Two North Dakota youths plead guilty in Montana rancher murder
Chicago AP reports von F Herr aged 22 of McClusky and Merle LeRoy Lowman aged 19 of Westermoheim North Dakota pleaded guilty in criminal court on Thursday to murdering Henry Shoop a rancher from Wilbaux Montana.
MENTIONED IN THIS ARTICLE
Chicago
von F. Herr
McClusky
N. D
Merle LeRoy Lowman
Westerheim
Henry Shoop
Wilbaux, Mont
Board Refuses Commute for Winnie Ruth Judd
In Phoenix, the Arizona board of pardons and paroles denied a plea for parole or commutation for Winnie Ruth Judd who faces a death sentence for the murder of Agnes Ann Leroi. A prieve to April 21 was granted, delaying the hanging set for April 14.
MENTIONED IN THIS ARTICLE
Arizona Board of Pardons and Paroles
Agnes Ann Leroi
A. G. Walker
Florence
Judge dismisses new trial bid in Miss Samuelson murder case
Attorneys sought a second trial for Mrs. Judd to influence her death sentence in Miss Samuelson’s murder. Judge Speakman dismissed the untried charge as folly, while the defense threatens to push a state supreme court appeal. Observers favor a sanity hearing over retrial, with Arizona law restricting execution of insane defendants.
MENTIONED IN THIS ARTICLE
Miss Samuelson
Howard
Speakman
Pash Rey
Arizona
Judd
Stevens Indicted Blames Insurance Failure On R F C
Ernest J. Stevens former VP and director faces criminal indictment in Chicago. He petitions federal court to halt liquidation negotiations and argues Reconstruction Finance Corp promised a loan of 5 million to Illinois Life Insurance Co and failed to honor it. He names Howard Preston as Chicago manager behind the loan promise.
MENTIONED IN THIS ARTICLE
Chicago
Illinois Life. Insurance Company
Ernest J. Stevens
Stevens
Reconstruction, Corporation
Illinois Life
Howard ’Preston
Abel Davis
France Will Seek Postponement of June Debt Payment
Paris reports France plans to ask President Roosevelt to declare a moratorium on the mid June war debt installment to allow negotiations and payment of the December installment of nearly 20 million dollars. The move aims to restore relations with the United States and gain chamber approval to pay the December debt.
MENTIONED IN THIS ARTICLE
Paris
France
Roosevelt
Chamber of Deputies
United States
Edouard Daladier
Chamber
Also Mentioned on This Page
Verne Marshall
Nks
Nbs
Andy
Kers
Burance
Lfe
Trans
Iowa Bank
Bulletin
Rev. Coughlin
Detrow
John Tully
William
Duns and Scotus College
New National Bank of Detroit
First National
Guardian National
Slane
J.P. Morgan
Jessup
U. of Iowa
W. Allen Smith
Joseph Fort Newton
Wallace Power
BOARD
Phoenix, Ariz
Winnie Ruth Judd