Chester Times (Newspaper) - March 4, 1933, Chester, Pennsylvania
NET PAID CIRCULATION
FOR SIX MONTHS EN DING SEPTEMBER
★ ★ ★ *
With AU Latest and Best News of the Day
57TH YEAR—NO. 17,532.
Dal Iv L*>a.-.pd Wire Report# of Onsted Press (UP* and International News Service (INS1
CHESTER. PA., SATURDAY, MARCH L 1933
PRICE, TWO CENTS
PENNA. JOINS OTHER STATES IN HOLIDAY FOR ALL ITS BANKS
Most of Nation Affected by Orders of Their Governors—New York and Chicago Stock Exchanges Close — Protective Measures Seen Aiding Situation
Pinchot Orders Keystone State Banks Closed Until Tuesday After Bankers Confer in Philadelphia—Proclamation Issued at 8.30 A. M.—Some Banks Open
THIRTY-SECOND PRESIDENT OF UNITED STATES
Chester Banks Open Today; Closed Monday
The following statement was issued this morning by the Chester Clearing House Association, representing all local banks;
‘In compliance with Governor Pinchot’s holiday proclamation, the Chester banks will not be open for business on Monday, the 6th inst. The Chester banks were very reluctant to be obliged to comply with Governor Pinchot’s proclamation, as the banking situation in Chester is most satisfactory.
“Monday will be observed as any other legal holiday; there will be no business transacted by any banks in Pennsylvania.—this includes the Federal Reserve Bank of Philadelphia.”
The banking holiday became virtually nation-wide today as New York, Illinois, Pennsylvania and Massachusetts followed the lead of more than two dozen other states in temporarily suspending banking operations.
The closing of banks in these states temporarily “froze” the greatest money marts of the country.
Governor H. H. Lehman in New York, Governor Henry Horner in Illinois, Governor Gifford Pinchot of Pennsylvania, Governor Joseph B. Ely of Massachusetts proclaimed the suspension in their respective states. Lehman and Horner cancelled plans to attend the Roosevlet inaugural at Washington and remained at home in close touch with the situation. Ely, already in Washington, asked the acting Governor to make the necessary order.
Repercussions of New York’s holiday were felt around the world. Trading in dollar exchange was suspended in London and other European capitals, and banks declined to cash dollar checks or letters of credit for American tourists and residents. Loans were advanced by banks to known customers, but thousands of Americans were left almost penniless, just as tourists were in the first days of the World War.
Gov. Gifford Pinchot from his temporary residence at Washington, D. C., today proclaimed a mandatory two-day holiday for all Pennsylvania
Tne proclamation, issued at 8 30 thio morning through Dr. William D. Gordon, state secretary of banking in Philadelphia, directs all banks in the Commonwealth to remain closed Saturday and Monday.
George W. Norris, governor of tho Federal Reserve Bank in Philadelphia. at whose behest leading Philadelphia financiers assembled in the ea’dy hours of the morning to consider decisive action, said the step was made necessary by the growing list of state bank holidays.
Although it was believed Pennsylvania banks could have remained open under the Emergency Legislation passed by the Legislature last night, declaration of holidays by the Governors of New York Rnd Illinois and several other states early today precipitated today’s crisis, Norris explained.
“Because of the declarations of a | bank holiday in New York. Illinois
and other states, similar action in Pennsylvania has become unavoidable,” the governor declared in his proclamation.
‘Were our banks to remain open, the demands upon them would impose an impossible burden,” the proclamation continued “Therefore, upon the specific recommendation of Governor Norris of the Philadelphia Federal Reserve Banks, I hereby declare a bank holiday throughout Pennsylvania on Saturday, March 4, 1933, and Monday, March 6. 1933
(Signed) GIFFORD PINCHOT.
The Governor was at first reluctant to sign the proclamation because of his assurance given last Monday that Pennsylvania, could escape a bank holiday through passage of the emergency laws. When the situation was fully explained by Dr. Gordon and several of those present, the Governor at once instructed the Attorney General to act in his absence
Continued on Page Seven
ROOSE VEL T S WORN AS PRESIDENT BEFORE A THRONG AT CAPITOL
ROOSEVELT, IN INAUGURAL, ASKS ‘BROAD POWER’
Points Out Spectre of Fear Must He Eliminated Over Nation
THE CAPITOL WASHINGTON, Mat ch 4 i UPi President. Franklin D Roosevelt today demanded immediate and drastic action if necessary to solve the economic crisis confronting the country.
In his inaugural address, delivered before thousands of spectators massing the broad plaza of the Capitol Building, he declared (hat if necessary he would go so tar as to ask Congress for the broad Executive power to wage a war against an emergency as great a the power that would be given me if we were in fact I invaded bv a foreign foe”
Oath Administered by Chief Justice Hughes to Thirty-second Head of Nation, on 300-Year-Old Family Bible—Garner Assumes Vice-Presidency in Separate Ceremony
F. D. R. Reviews Country’s Plight in His Inaugural Speech and Hints That Broader Executive Powers May Be Necessary—Likens Situation to That of War Time
•I—(UP) — the United
THE CAPITOL, WASHINGTON, Mardi Franklin D. Roosevelt became President of States today with an excoriation of the “money changers” and a promise thjit he might have to adopt war time measures to combat the financial crisis now enveloping’ the nation.
With uplifted hand, the advocate of tile “new deal” was sworn in by ( hie! Justice Hughes before thousands of spectators on a white painted stand in front of the capitol.
As the solemn voice of Hie chief
I he President's inaugural address, As the solemn voice of Hie chief! Biting raw winds swept the crowds,
brief but. .sharply serious in the face ; Justice echoed across the vast throng, Cold gray skies chilled spectators
of the difficulties confronting him, Mr. Roosevelt took from tile shoulder j who had lieen waiting for hours,
handled the financial situation of the of Herbert Hoover the heaviest burden A few moments before Vice-Presl-
country without glove, of peace time responsibility that any ! dent Garner had been sworn inside
“Practices of the unscrupulous President since Lincoln has faced. the Senate chamber with the outgo-
lnoney changer stand indicted in the Then. speaking to the hushed thou- lnK «uid incoming Presidents, the Su-court, of public opinion.” he declared sands, Mr. Roosevelt spoke frankly of prune Court, the old and new cab* I
and then he set forth his lines of at-! the “grim problem” facing the nation , wt*. diplomats in their brilliant ut..
The money changers, he said. had ; forms and hundreds of smartly
fled from their high seat:. Then lie dressed women in the galleries looked^
continued; | on. \
“This nation asks for action, and Then Mr. Roosevelt and Mr. Hoover
appeared on the high wooden stand , erected against the east wall of tho wave of his hand and told how he | historic Capitol building A white
hoped prosperity could be restored | painted canopy, garlanded'with laurel
,hr‘ ho *“tH htlH strands and decorated with American
He quieted tile cheers with a blond
I —"There must be a strict supervision of all banking and credits and investments;
2—“There must be an end to spent- (action now lation with other peoples money;
3—“There must be provisions for an adequate but sound currency.”
Detailed measures for fulfillment of to the nation, which he said had lost; till- program he said he would urge ! confidence In itaelf through unreason- flags and the coat of nrmT'fTrmTn'rh-upon a special session of the new Con- tng fear netting for the event
gross and ask the immediate assist- The banking crisis, breaking as the D, .. , ‘
anre of the several state? climax of the long depression, threw ! , J’' I, ,ant‘ Wrs- Hoover sat
President Roosevelt said , a pall over the historic scene though in, 0 ,M’r during thp ceremony.
“I am certain that my fellow Amor- jman.v of the throng still were unaware JhI V,L „^evrry hhp°rtant figure in leans expect that on my induction of the tact, that protective bank clos- P P, a new administrations, and
Continued on Page Seven
lugs had taken place almost all over the nation.
^franklin Delano iHoosrUdt
LEADERS AT ODDS MANY BANKS (IN BANK REMEDY REMAIN OPEN
Unable to Agree on Relief Pinchot Tries to Get Ruling
Through Deposit Guarantee by U. S.
WASHINGTON, March 4— (INS) — Sharp conflict over a federal guaranty of bank deposits swept through Congress today, with various Demo
on His Order; burgh Open
WASHINGTON, March 4 -INS’ —Governor Gifford Pinchot did not intend that his order for a two-day bank holiday in Pennsylvania should be mandatory. International News
era tic leaders rn the two houses pro- Srrvicp j ^ ^ posing emergency banking relief However the question of whether plans which they hoped would meet ,t u, be madp mandatory Spends with President Roosevelt s approval. .. advice of th„ attornev-cen-
Senator Gore <Dt of Oklahoma, a ine aavlce 01 ine aitorney-gen
member of the cantative group, Whrn informed by International planned to seek early_ action vt fjews service that some banks failed
Senate Banking and Currency Com-
to comply with the order. Governor
mittee on his joint resolution for an pjncj10t Spent three quarters of an iron-clad government guarani} hnnr trvinrr tn mmmimirat/, av inner
against loss to depositors.
State banks would be able to avail themselves of this guaranty, under Gores measure, by becoming associate members of the Federal Reserve System.
The Government cannot possibly j declined to make any statement, guarantee bank deposits, declared Senator Walcott <R) of Connecticut, a member of the Banking and Cur-
hour trying to communicate by long distance with the attorney-general He finally had to leave for the inauguration ceremonies at the Capitol without being able to get in touch with the attorney-general. Pending a talk with the latter, the governor
Pennsylvania banks were not unanimous today in complying with the
Continued on Page Two
HORSES WITHDRAWN FROM RACES TODAY
Continued on Page Seven
SOME COUNTY RANKS OPEN; OTHERS CLOSE
TO BOOST COUNTY ASSESSMENTS
Member of the Board of Revision of Taxes Issues Statement
Explains the Adoption of ‘ Plot Plan” for Equalization Purposes in ( o.
Denying absolutely the rumors that the total assessed valuation of property iii Delaware county will be increased 33 per cent, for the next tri-enniurn, A. J. Klinka, member of the Board of Assessment and Revision of Taxes, stated firmly that “the county does not need any more—does not want any more assessments than it has. and it is not the intention of this board to raise at the present time the aggregate assessments for i Delaware* county beyond the pres?nt ! total of 0231.000,000.
Speaking before the League of Women Voters in Media yesterday, Dines Mr. Klinka laid stress on the fact School that the board had been appointed by the County Commissioners for the purpose of reducing the tax rate in Delaware county. This, he pointed out, is to be accomplished by charting every square foot in the county and dividing it into blocks, and then by use of mathematical tables now being prepared, the assessment of every property will be arrived at by the same rule, thus insuring equalization and absolute fairness to all property owners. The plan is known as the
Cloudy skies with little change int temperature, in Eastern Pennsylvania. New Jersey, Delaware and Maryland is the forecast for today. It will be fair tomorrow'.
The highest temperature here yesterday was 43, at 2 4.) p. m.. and the lowest was 37. at 2 a. rn. The average of 42 was five degrees above normal for the date, but eight degrees j below the average March 3 last year, j Maximum temperature for the date in 73, established in 1923, and minimum IO, in 1886
Sunrise today was ct 6 30 a. rn., and sunset will be at 5:50 p. rn ■Eastern standard time.
FINAL SESSION OF COOKING SCHOOL
Distribution of Awards Features rapacity Session
PENNA. LEADERS PLAN ECONOMIES TO Al!) RELIEF
Monday Set as Day for Conference at Capital to
Talbot Favors Returning Burden for Jobless to Hie Counties
LAST MINUTE NEWS
TIDAL WANE KILLS MANY IN PORTO RICO
NEW YORK, March 4—(UP)—“Terrible loss of life and properly” has occurred at Mayaguez, Porto Rico, due to an inundation, according: lo a cablegram received today by the Presbyterian Hoard of National Missions.
No details were given, hut the presumption was a tidal wave had struck the densely populated beach front of May-aguez, which has a population of 42,900.
of Congress, platform.
was gathered on the
TWO BOYS STRUCK BY AUTOMOBILES
15,000 PA. DEMOCRATS AT THE INAUGURAL
(Bt United Press)
1—Fair Jean, Curt.
2—Real Silk, Billy McIntyre,
Dr. Coodle, T u s si e. Exiled, Nutting, Satin
5—Topsie H )»—('amp Parole,
Weather clear; track fast.
The Marcus Hook National Bank today remained open until 12.30 o'clock this afternoon in order that * payroll checks of employes of plants I in the borough could be cashed, and other business which the men have Cedar at the bank could be transacted In-j stead of complying with the usual closing order the bank remained open a half hour later than usual.
The two banks in Media remained closed upon receipt of the order.
The Ridley Park National Bank was open until noon At the Swarthmore National Bank it was said that the bank had been closed and would remain so. The Prospect Park State Bank was also closed to observe the two-day holiday. The Tinicum Bank of Easing ton w'as open until ll 15 o'clock when a telegram was received from Governor Pinchot to close in Marsch, McMonifle, observance of the state-wide holiday
Continued on East Page
Netie Pebbles, Bunny Cons Water.
> a. rn. Burglar” Must Serve IO lo 20 Years in Eastern Penitentiary
AT HIALEAH PARK
3—I)onie. I.ady Elizabeth Fox
4—Flag Hor, Bed Time.
6 -N one.
Weather, clear; track, fast.
AT FAIR GROUNDS
1—Off, Sub later.
5—Frumper, Gyro, Sazerar.
7—(’atmo. Sizzling. Hopuiikit.
8—Hold Hard, Star Play, Elizabeth S.
Weather clear, track fast.
Earl Newton, 27. known ss the “5 a rn. burglar,” whose home is in New Haven. Conn , was sentenced to serve from IO to 20 years in the Eastern Penitentiary by Judges John M Broomall and Albert Dutton Mac-Dade. yesterday afternoon, when he coolly admitted robbing 30 homes in Upper Darby. Lansdowne, Springfield, and Upper Darby. Assistant District Attorney Louis A Bloom presented APPRECIATED more than 60 indictments covering Newton's brief career of crime.
1933 session of the Chester Cooking and Home Making came to on end yesterday afternoon In a blaze of glory. The huge audience ga I he rod In the Masonic Temple, waited patiently for the climax of the day, th* distribution of the day priz, * and the grand awards. Twenty-five w'omen took home baskets containing an assortment of useful and palatable articles.
Others were the fortunate recipients of interesting awards given by the merchants, and still others were named as winners of the grand awards. Every individual who had attended the school at any time during tho week was eligible for the latter, which included such gifts as an occasional chair, a card table, a coffee table, a fifty dollar credit on an electric refrig* rator and. as the climax, a Graybar electric range.
But the interest in the prizes was no keener than the Interest in the cooking demonstrations offered by Mrs. Katherine Delaney, th'* presiding genius of the School Tempting dishes were quickly and skilfully pre-1 pared, ar, the instructor kept up a running comment, pointing out the
Continued on East Page
HARRISBURG, Pa, March 4
(UP) A drastic plan or governmental economy to provide funds for unemployment relief will be considered by leaders of tile State Republican organization at a conference here on Monday, it was learned today.
Through economies, reduction of bureaus and commissions and eliminating of numerous State functions leaders believe they can save between $10,000,000 and $13 000,000 for relief
The balance needed whiff be “borrowed” from the motor license fund and aff tinure road construction will be stopped tuff ii return of normal conditions, it was said.
A rough draft of legislation
necessary to make effective the present ideas of the leaders, which are based lo some extent on the reports of the Sterling investigating committee, will br discuss* d by the conferees.
In his special message to the general assembly on unemployment, Governor Gifford Piivhot asked for
i ontinued en Page Seven
IN KLINE LASE
PITTSBURGH, March 4 -
The State Supreme Court today issued to counsel for Mayor Charles H Kline a rule to show cause w'hy his appeal from the sentence of six months in jail, $5000 fine and loss of office should not be remitted to Superior Court
The mayors attorneys had appealed to the court on the ground ! that the decision affected the hold- j ing of public office
WASHINGTON. March 4- Between 15,000 and 20,000 bedadged and allecret! rti.% rn ionian, big Democrats and it handful of Republicans have come from Pcnnsyl-for the Roosevelt In aug u-
Two small boys were slightly in Jured when struck by automobiles in this city last evening 6. of Ninth street and Central ave nue, was felled when he darted from I van*a the sidewalk into the side of an auto- *811 on. mobile operated by Angus Dobson,
414 Central avenue, near ills home.
Dobson removed the youngster to the j',"” Y/...
Chester Hospital, where he was ,a r0Vl * treated for brush burns.
Paul Draper, 9. of 122 East Third street, escaped with minor bruises
Governor Pinchot, with an official party, rides in th** inaugural processions in the section for Governors, and the ranks of marchers from the White House stand with Franklin Delano Roosevelt.
Edward Martin, chairman of the Republican State Committee, enjoys
Garner Sworn In
John Nance Garner, one tim* country lawyer, at noon became th* vice president.
In the .stately chamber of th* United States Senate the Texan was sworn in before a distinguished company including President Hoover and the incoming President, Franklin D. Roosevelt. Charles Curtis, retiring vice president, administered the oath.
Today’s ceremony ended a historic series of March 4 ceremonies. Since (lie Civil War the Senate chamber has been the quadrennial scene of the beginning of a change of administration. Henceforth under the 20th Amendment to the Constitution the change will tukc place in January.
As Garner promised, hand upraised, to support the Constitution, there ended for him 30 years of uninterrupted service In the House which led in 1931 to his election as Speaker.
I Almost simultaneously with his induction into the highest office of the i land, the new President was expected j to call Congress into special session j to deal with the emergency. It probably will assemble next week, enact emergency legislation imposing vast powers on the new President and then recess until the apostles of “th* new deal' can formulate their program for national rehabilitation.
The .swift drama of the transfer of power began unrolling shortly before ll o’clock when the President-elect left his hotel for the short journey to the White House, where he joined with the outgoing executive for their memorable ride to the capitol.
Extraordinary precautions wer*
Continued on Page Seven
cock street, at Fourth and Weigh streets, The woman motorist removed the boy to the Chester Hospital and later took him to Ills borne.
INJURED IN ( RASH
when he was struck by an automobile ,b). ,10vt.j ro|,, 0f a .spectator, although driven by Bhippie I aliner, MIO Man- Wjjj rl(jp Pinchot group.
The Pennsylvania Democrats are headed by Joseph F. Guffey, Pittsburgh. the state Roosevelt leader.
His aid is County Commissioner John O’Donnell, chairman of the Philadelphia Democratic City Committee. .SHAMOKIN, Pa March 4 <INS)i A rival group of Democrats which
Narrowly escaping possible death [clings to the Smith leadership is here,
when his coal truck was demolished in a crash with a motorbus, enroute from Williamsport to Philadelphia,
Oliver Sider, of Watsontown, was suffering from slight injuries today.
Two women passengers on the bus suffered only shock.
I opiesof J inies
Th* y say there's an automobile war on. The trouble with most motorists I keeping their cars out of tis*
Early morning firps have no bit*
for Tom Draper, of Chester township. Pardon reference to the false teeth.
A quake In Japan killed about 2000.
That's better than the Chinese could
72nd CONGRESS ADJOURNS
WASHINGTON, The 72nd Congree 12 07 p. rn. today.
March 4 (UP* was adjourned at
(J. S. CHIEFS WORK OVER BANK CRISIS
Roosevelt, Hoover and Advisers Study Situation Until Early Morning
in charge of Sedgwick Kistler, Democratic National Committeeman from Pennsylvania, and former Registration Commissioner Thomas A Digue, who is O'Donnell’s rival for expect.
Democratic control in Philadelphia. . , ~~~—
The Democrats are cheering for . ^ , J?1*!?* was found dead
Room-yell, .md Garner, but they are from the cold. California paper pleas*
shouting for a shaking of the patron- c0Py» __
ii direction. ^ fellow caught stealing silk pillow
Tile Guffcy-O Donnell cohol s are Cfises ln county will probably learn
Job hungry, eager to see th* new th w!ll uot m hls ft, ^
'“'rn “sweep elean in their home. m,xt couple months.
TIMES CO-OPERATION DULY
Wood wo rh ing Course
For Unemployed Boys
WASHINGTON, Lights blazed in
March 4 the White
State, and turn over choice officer, held for years by Republicans, to < them
J With Governor Pinchot will be Mrs.
Pinchot, and Colonel Leo A Luttringer. of Harrisburg, who wlii carry the State flag.
In the second Pennsylvania car will courts. Which show;? the need be lieutenant Governor Edward C. uvore companionate marriages. Shannon; Grover C. Talbot, Speaker ,
I of th* House of Representatives; I States Treasurer Martin, and Philip If. Dewey, Secretary of Internal Af-1 fairs.
In the third car will be Stephen H
Style note: Crash suits will be popular with automobile drivers this year. Believe it or not.
Up to the present 44 desertion c ise*
have been heard in Media divorce
“Buy this car; it won't last long* reads a sign on a second-hand flivver. Nothing like truth in advertising.
House, i Stahinecker, a Public Service Com
missioner; Duncan McCall urn, who how they can tell? succeeded Mr. Stahinecker as the I —
Governor's secretary, arid Adjutant General David J. Davis, of Scranton.
Fourteen boys, whose plea to be given something to interest then and
During the past month the circulation department of the Chester Times has been rendering a valuable service to the Red Cross flour stations in the city by supplying them with old newspapers in which those
calling for flour may wrap the sacks j slept all day He admitted robbing to protect their clothing from dust seven homes in Springfield, 20 in Up-and to keep the flour dry on damp I per Darby, one in Lansdowne and two and rainy days. Those in charge of j in Abington. Montgomery county. the flour stations, of which there are Newton also said he was wanted in even in this area. have found the j Springfield, Mass., for robbery and generosity of the local paper very use-
Newton, arrested by Upper Darby occupy their time during leisure hours police en February 15. said that he brought about by months of unem-usually caught the last trolley car ployment, have shown their worth leaving Sixty-ninth street for the as willing workmen A display of suburbs and ransacked homes at his their skill in woodworking ha^ brought leisure. He then caught the first car praise from everyone, w-ho has visited back to the terminal, at 5 o'clock, and the Smediey Junior High school, Sev-
‘ful in the conduct of the stations.
enteenth and Upland streets, where the products of the artisans are set out in the school lobby with the names of the makers displayed on cards on the article Miss Margaret C Stei.ser the principal, is extremely proud of the work-
continued on Page Two mamhip shown and while VI .tor- in
spect the articles, she explains the way in which the training of the makers was brought about, with only two months spent in the school shop “The.se arc the products of a group of fourteen former students, who had left the school in better days to earn their livlihood," she explained. “A little over two months ago some oi the boys, most of whom are a little past the school age, came to me asking to be allowed to return to school Mast of the requests w'ere similar to the following ‘Miss Stetser, can’t you possibly find a place for us in some
( ontinued on Last Page
th*1 Mayflower Hotel and the Treasury until nearly dawn today as the highest officials of the incoming aud out- j going administrations worked over. plans to fortify the national banking structure.
The closely-guarded and unprec- i edented conferences preceded an-: nouncement early today of a two-day , banking holiday in New York and a three-day holiday in Illinois. Whether! any other measures were discussedj was not disclosed.
President Hoover and Presidentelect Roosevelt .studied the situation : with their advisers until midnight.
Then Secretary of Treasury Miffs, his - -
successor William H Woodfin mem- LANCASTER, Pa., March 4 - (INS* hers of the Federal Reserve Board J Miss Hazel (Jlessner, York, today :tnd others met behind the barred : was the new president of the State doors of the Treasury building in a Daughters of 1812, succeeding Mrs — Harper D Sheppard, Hanover, who
Two has held the office for three years. 1
Street car conductors in souther*
Europe are to eject passengers who have been ating garlic. Wonder
REFUSES TO SIGN BU U
WASHINGTON, March 4 (UP>-~ President Hoover, as his last official act In office, today Issued a public statement refusing to sign the $130,900,000 independent offices bill. He declared that Congress already had appropriated $161,000,000 more than he had recommended.
PATRIOT WOMEN ELECT
They say every Chinese soldier takes his wife to war with hum. That’* one way of keeping in a fighting
I he Weather
W ASHINGTON. March 4—Eastern
Pennsylvania: Fair tonight and .Sunday with little change In temperature.
Western Pennsylvania-—Cloudy tonight; Sunday fair with slowly rising
TODAY S TEMPERATURES
( ontinued on Page
6 a. in.
7 a. rn.
8 a. rn.
9 a. rn.
42 IO a. m.......44
42 ll a rn......44
40 Noon ........ 48
42 I p. rn 50