Chester Times (Newspaper) - March 8, 1933, Chester, Pennsylvania
NET PAID C IRCULATION
KOK SIX MONTHS ENDING SEPTEM HEK
★ ★ ★ ★
With All Latest and Best News of the Day
57TH YEAR—NO. 17,535.
Daily Leaded Wire Reports of United Press and International News Service UNS)
CHESTER. RA.. WEDNESDAY. MARCH 8. 1033
PRICE, TWO CENTS
URGES HIGHER WAGES AS AID TD PROSPERITY
Suggestion Made by J. Howard Pew, President of Sun Oil Company
Declares, in Annual Report, Plan Is Hest Guarantee Against Breakdown
THOUSANDS WITNESS CERMAK RITES AT MIAMI
A suggestion for rebuilding prosperity and making it permanent, was offered by J. Howard Pew, president of tile Sun Oil Company, in his annual report to stockholders today.
Based on his Company's experience,
1.—Liberal wages and salaries: “if a larger share of prosperity’s profits had gone to wages’, he says, ’’there would have been more consumption and less speculation. That would have been the best guarantee against the breakdown of consuming capacity which is now the greatest obstacle to improved business."
2.—Liber. I investment in improving plants, processes and methods; thereby maintaining the fullest possible employment even during depression.
General adherence to these policies is largely responsible, in Mr. Pews opinion for tho good showing of his own company and for the strong position of the oil industry, as compared to many others, at this time. Developing this view, he says.
"Even before the depression it was plain that continued prosperity demanded the maintenance of a broad-based buying power such as could be assured only by a general program of liberal wages and salaries. Capital would still have had reasonable reward, and been vailable in adequate supply to finance every requirement of legitimate enterprise. Even when prosperity seemed boundless, some people believed that to distribute its fruits more liberally among salaried and wage-earning w orkers w'ould best I insure the buying and consuming power of the community. would
have been the best guarantee against
the breakdown of consuming capacity I BrlggSi Rt 627 welsh street, thus \\hich is now the greatest obstacle to mornjng second time in 48 hours
COUNSEL QUITS BANKS MUST TURN UTILITIES PROBE; OVER AII (JOU) TO RESULT OF TILT GET RESERVE AID
Oliver K. Eaton, Pittsburgh National Drive to rapture lawyer, Refuses Answer Yellow .Metal From to Met lure Query Member Units
( onimittce Fails to Reach Requires Compliance AA itll Decision on the Resig- Letter of Emergency nation Regulations
The flag-draped casket containing the body of Mayor Anton J, Cermak, of Chicago, victim ol an assassin’-bullet intended for President Roosevelt, is shown boing home by white-clad American I,eginnnair>-s from a Miami, Ha., funeral parlor to he placed in the cortege that escorted it to the railroad station as s iddeticd throngs looked on burial.
Miami police formed a guard of honor on the train which bore the late mayor’s hotly to Cha ago for
HARRISBURG, Pa, March R (UP' The stele Senate commit lee which plans to question J. David Sn rn, Philadelphia publisher, must first deride today what to do about the r> tad am of its counsel, Oliver K Eaton, Pittsburgh.
Two executive sessions followed Ila ton's Midden withdrawal from the employ of the committee after a series of d: agreements with Sen. John J McClure, Delaware county, c : a inn sn ct the Senate group named State Public Service Commission.
In neither session could the commit tot I ..eh a decision on u.itous resignation. They planned to renew their efforts betorn the legislative j.session today.
It. was tho Pittsburgh lawyer’s refusal to an aer a McClure question that led to the decision to subpena
( old inned on Last Page
NEW YORK, March 8 -UP' The Federal Reserve Bank started a national drive to recapture gold today, (after being authorized by Secretary of the Treasury William Woodfin to , open for limited resumption of rediscounts aud currency payments to member banks.
The Federal Reserve Bank will assist member and nonmember banks to conduct the limited emergency business authorized b\ Secretary Woodin only if they are complying with the spirit and the purpose, as well as the lotto " of emergency bunking regulations, and only it tiny turn into the Fedeial Reserve Bank all gold and gold certificates owned in their own unfit The relaxation of restrictions on the Federal Reserve Bank was announced here during the night, and at first was interpreted as applying only to
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TREASUR Y DROPS PLANS FOR TO LOOSEN CASH
Decisions Announced by Secretary Woodin, With Details of the Move Trickling Tbrough Slowly Scheme Considered Rigid Form of Money Expansion by Bankers
Maybe Issued Through the Federal Reserve—-Roosevelt Special Message to Congress to Seek Dictatorial Powers to Meet Rapidly Changing Phases Over the Nation
loosened through the Federal Reserve present crisis instead of -crip of < tearing
will he de-House cer-
Real currency pended on in the
neat-- , ai ru ag to the lab ■■! declaration by tho United Stakes Treasury
Other new developments in the today. They were;
I ’ odors! national scrip
STORE IS ROBBED TWICE IN 48 HOURS
CHKM AKS HODA
"Unfortunately, these considerations were less hospitably entertained before 1929 than they have been
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ROTARY EXPRESSES FAITH IN BANKS
A resolution placing absolute confidence in Chester banking institutions and officials of the same, was passed at a meeting of Chester Rotary at the weekly luncheon meeting, held at the Chester Club, 511 Welsh street, yesterday.
The resolution was passed following an address on the dangers of inflation, bv Richard Burke, an official of Die Delaware County National Bank, who spoke authoritatively and quoted statistics.
During a round table Valk following the speeeh. many expressed the opinion that President Roosevelt adopted the right method following his inauguration and predicted that the country is on the right road to normalcy. Those taking part in the discussion were William Provast, Jr., Attorney E. Wallace Chadwick and Dr. Rit-tenhouse Neisscr.
’’resident. Charles Kurtzhalz, announced that the meeting last week was marked by a IOO per cent, attendance. He also introduced many visiting Rotarians and guests at yesterday’s meeting.
MINOR JUDICIARY PLANS CELEBRATION
Arrangements for an anniversary; celebration and dinner were discussed at the monthly meeting of the Magistrates* Association of Delaware County, held last evening at the Arcadia Restaurant in Media. The second anniversary of the founding of the organization, May 2. will be attended by the members and .heir wives, members of the Delaware County Bar Association and other, special guests. The committee appointed by President Griffith is composed of Messrs. McBride, Merritt, James. Moo and Schwartley, who will make all arrangements.
Magistrate D. Martin Yerkes. of Millbourne, explained some bills up before the legislature in regard to the payment and boundaries of local magistrates.
Magistrate McBride proposed that the regular April meeting be dispensed With in view of the fact that preparations are being made for the anniversary.
MARRIED IN PARIS
PARIS, March 8—(UP)—Dorothy Bugher daughter of Mr. and Mrs. Clarence Bugher, of Pittsburgh, Pa was married to Jean Arthur duPont here yesterday.
CHICAGO. March 8—(INS)—The body of Chicago’s martyred Mayor. Anton Cermak, arrived here today , from Florida, where Guiseppe Zan-AA itll Quantity of AA cap- gara’s bullet, intended for President
Roosevelt, took the life of the city's chief executive.
Chicago began a three-day tribute of sorrow to the slain mayor as the flag draped bronze casket, was taken from a nine-car special train at IO a. rn. Sorrowing thousands stood .somberly by at the station as the cortege moved away.
The body was taken to Hie Cermak home, where it will remain until to-morrow. It will then lie in state at the City Hall. Funeral services will be held Friday at the Chicago stadium.
Thieves Make (Jet away
ons and Ammunition
Burglars, who are evidently collecting a shipment of arms and munitions for some warring country, again visited tile sporting goods store conducted by William and Thomas
As reported to police Monday morning, hundreds of dollars worth of revolvers, rifles, shotguns and ammunition was taken during the second visit. Entrance was gained by prying loose stout iron bars over windows in the rear of the store.
Police are plainly baffled by the two robberies, as the guns Cannot be legally disposed of in this state, since the Witkin Act was passed by the Pennsylvania Legislature. While the job looks like the w'ork of boys.
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MOTORIST INJURED ENTERING HIS GAR
Joseph Mpreida, 1426 Hancock street, sustained log injuries last night, when he was struck by an automobile operated by Robert McGinty, Twelfth and Upland streets, at Fourth street and Morton avenue.
McGinty was arrested by Sergeant Peterson and Detective Dougherty and when arraigned for a hearing in police court this morning was held in $300 bail for a continued hearing a week hence.
The injured man said he w'as getting into his own parked automobile when McGinty started to make a turn in the street. In backing his car. McGinty rammed Mereida’s, causing the door to jam against his leg. The Sun Village motorist was treated at the Chester Hospital for the injury.
CHAS. MEREDITH, CONSTABLE, DIES
AA on Fame Years Ako as “Young; Smyrna” in Bout With .Ice Gans
UU. DARBY HEALTH BOARD ABOLISHED
HORSES WITHDRAWN FROM RACES TODAY
(Bt United Press)
Find Post—I p rn., E. S. T.
1—I auquier*- Pride, Wandering Gold. Athel, Disapproved, Honest John.
2—Princess Virginia, Oianamede.
3—Doramella, Scotch lorn. >pero, C hance It.
I—Most Always, Boiling Over.
5—Off No sub.
5—To be run as 5th.
7—To be run as 6th.
8—To be run as 7th.
Ilaranizada. Baritone, Single
Weather, clear; track, muddy.
An unprecedented economy measure was taken by the Township Commissioners of Upper Darby last night, when they decided to abolish the Board of Health.
Five employes of the health board will be replaced by three of the Commissioners, who will act as a Health Board, with James F. Conner, now chairman, as the Commission's committee on health, as head
The five citizens displaced are Robert Clendenning. president; James W. Pendlebury, George Hughes. Anthony Tamburro and Dr. Peary Henderson. Some of these will be reemployed, it was understood. The appropriation for health work in the township has been cut one-third for the ensuing year.
Dr VV J. Ezickson, of Philadelphia, an expert on finance, will address a meeting composed of the burgesses, I members of council of the various boroughs and other public officials in the Chester Pike area, and .similar officials in nearby communities, on the operation of scrip, as a substitute for national currency. An invitation has been extended to anyone residing in the territory, interested in the subject, to attend the meeting which will begin at 8 o’clock.
F. S. TREASURY BALANCE
WASHINGTON, March 8 -<INS> Treasury balance as of March 6 $129 491,911 25; expenditure' $20,-465 176 15; customs receipts $3,062,418 16.
Charles H. Meredith, former boxer of national reputation and recently constable of the Tenth ward, died at his home, 213 Yarnell street, early this morning, after a lingering illness.
Meredith had been under a physician's care for more than six months, and was helpless. During the past two months his condition grew worse, and it was necessary for him to take to his bed.
He was, in his younger days, a boxer of ability, fighting under the name of ‘ Young Smyrna,’’ and was known to all followers of that art throughout, the country. He was one cf the few fighters of his time who stayed the limit with Joe Gans.
In 1921 Meredith was elected constable of the Tenth ward and this of- > flee he filled capably through the years he worked with Alderman Henry C. Van Ness.
He was a member of the South Che.'ter Methodist Episcopal Church,
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CLE MU COLDER AA FATHER PREDICTED
Rain is predicted this morning, but it will begin to clear this afternoon in Eastern Pennsylvania, New Jersey, Delaware and Maryland. It will be somewhat colder here today, and cloudy and colder tomorrow.
The hit hest temperature here yesterday was 53 degrees at 8 p. rn., and
the lowest was 36, at I a. rn. The
average of 44 was six degrees above normal for the date and seventeen degrees above the average March 7 last year. Maximum temperature for the date is 70. established in 1921, and minimum 9, in 1890.
Sunrise today was a* 6 23 a rn . and
sunset will br at 6 p. rn., Eastern
COUNTY FINANCES IN GOOD SHAPE
OI lours Hold Conference and Report Ample Funds for Employes’ Payroll
County finances are in good shape.: it was revealed yesterday at a con-, ference held by the county commissioners, controller, treasurer and solicitor.
The county has ample funds to take I care of the employes’ payroll next ! week, on March 15, which will amount to approximately $25,000. The balance on deposit, mostly in this city, j is approximately $80,000. Payroll rheck.s will be issued next Wednesday, as usual, to county employes.
Tile county had to borrow $50,000 in January, against which has been applied collections of 1932 tuxes, the total being due on April I, I,ast month another loan of $125,000 was negotiated wit ii a Philadelphia bank. at a favorable rate of interest,.
It developed during the conference that another loan of $150,000 will lie required to take care of April I requirements of which about $90,- j OOO is due for bond retirements and interest on bonds. It is estimated that a total of $700000 must be borrowed by the county this year, before collections of the year's taxes will start to reach the treasurer’s office. It is customary to borrow
Continued on Last Page CO CNTY (. OF C. MEETING
The regular luncheon meeting of the Merchants' Division of the Delaware County Chamber of Commerce will be held in the Chester Club, 511 Welsh street, tomorrow, at 12.15 p. rn. The proposed meeting of the Chester Stores Sales Institute will be discussed at this meeting.
UST MINUTE HS
WOULD \\ RLD DIT WEAK BANKS WASHINGTON, March 8— (UP)—A ruthless policy of weeding out weak hanks through ii strict, system of deposit guarantees applied only to institutions in sound condition was advocated today hy Chairman Stcagall of the House Banking and Currency Committee.
BIM HOT ASKS SUPPORT OF PRESIDENT HARRISBURG, Pa., March 8—(UP)—Governor Gifford Pinchot issued an eve* ut ive proclamation today calling on the people of Pennsylvania to “give their loyal support to the President of the United States” in his efforts to dispel the present crisis.
emergency came rapidly
» III > VI l l tp .
Ifd<ml KY fryc bunk- have been instructed to “loosen” currency with co-operation of member banks,
cie! ir\ Ballantine of tho Treasury explains that although not. sanctioned, “in communities where it is necessary scrip may be r tied by the Clearing House associations or banks without mterfcrcncu trout the Federal (ioveronifcnt..*1
Governor Ritchie of Mar;, land ays his state will follow New York’* lead. Ile indicates Maryland will is-ue scrip.
President. IG-om veil plans to ask Congress for broad power to cop* with tho last changing .situation. Favors recessing special session this week and then work out a program before recalling Congress.
( n. re . ready to imoke caucus rule to push through Roosevelt lotion.
Bank in New York, Chicago and other centers reopen to meet payola! to relieve distress. V
Reserve bank- discount commercial paper, making available IOO mil
American dollar strong in foreign markets.
Scrip on National Scale Is Dropped
Roosevelt to Ask
BUMFS INTO TRUC K; MAN’S LEG BROKEN
Stepping from one truck and wnIking into the side of another at Mary street and Edgmont avenue, .shortly before noon today, .Jacob Sharago, 50, of 212 Penn street, was felled and sustained a fraclure of the right leg. Ile was admitted to tile Chester Hospital.
The driver of the truck, Leroy Davis, 728 West Second street, who
MARTIN KH.KUKAN, AOKI) ( ITIZKN, DIGS
Martin Hillman, hu band of the late Mary Killoran, died this morning at his home, 323 East Tenth street, following an Illness of several month’s duration. He was in his ninety-second year.
Mr. Killoran wa and emigrated a young man
WASHINGTON, March 8 (UP) — The Roosevelt administration abandoned its scrip plan today.
Instead it has decided to rely for additional currency chiefy of Hie regular elastic privileges of the Federal Reserve System. These are far from being stretched to th** limit and there still is room for expansion to meet the present shortage of cash.
Tins apparently can be considered a rigid form of currency expansion. Of-! ttrials are wary of labeling their liour-to-hour moves during Hie emergency.
The scrip and currency decision was announced dramatically by Secretary of Treasury Woodin today Details of Hum latest moves are trickling out slowly,
B t Information is that the gov-
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CHESTER HANKS ‘STANDING PATON U.S. REGULATIONS
WASHINGTON, March 8 -(INS) — President Roosevelt will ask Congress to giant him broad power to deal with the fast-shifting banking and financial situation.
In the special message which h® will e nd to tile extraordinary session of the new 73rd Congress tomorrow, the President intends to point out that the* situation is changing so fast in various sections of the country that only a broad authority in the executive can meet it.
Ilustrative of the changing situation from day to day, almost from hour to hour, it was pointed out that on Monday there was almost universal agreement among bankers and government officials that extensive issue* of scrip would be necessary to cope with the situation.
Conditions are now considered to have so changed that issuance of scrip on a national scale, either by the government itself or by the various clearing house associations, will not be necessary.
Wiiat scrip Ls Issued probably will
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born In Ireland to tills country when He first settled in
is employed by a Commission Row Wilmington, Del., where lie conducted
merchant, was arrested and Inter released in $300 bull for iiis appearance in police court tomorrow morning,
Police Move to
Boys' Stunt Hazard
Boys of school ai themselves to injury death, are continuing "hopping” street can buses in the West En The boys, seldom n years of age, watt on a car or bus approach^ the vehicle pulls away 'or.section, jump on and hold onto sour Tire most of the curs at night, wh prevents the oper the "passengers," bold as to "hop" d hours, not stoppini vehicular traffic is increases their da jureri.
Yesterday, a patrolman small Negro hanging from
*e. subjecting and possible their habit of s and motor
ore than 14 a corner until i. Then, after from the in-the side or rear projection.
"free traffic" oriel! tile darkness raters discovering but some are so iring the daylight ; to consider that much heavier and igcr of being in-
noticed a the heaw
screening running along the side of a trolley car, his feet on a Journal box of the rear truck. As the car moved along Third street, tho boy swayed precariously over the heavy wheels, apparently unconscious of the fact that a slip meant instant death.
The officer attracted Hie attention of the operator of the trolley ear, who stopped the vehicle. As the brakes grabbed, the boy barely ini a d being thrown on his face in the street, He maintained hu, balance, however, and upon seeing the officer, ran down Flower street.
Traction Company officials have been endeavoring to break up this, practice. The local police department is co-operating in the drive, and any persons caught “hopping" th?: vehicles owned by the traction com-1 pa ny will be punished.
THE BASIS OF THE MONEY SITUATION
Panax. Charlie, «None.)
Zemhla, Politrn, Al Livingston, A.
AT III XLI MI PARK
I—Redivivus, Lucky Carter, Sun Teatime, Nuckols Boy.
'I—Lady Kenneallv, Peace Treaty.
3—falsehood, Liquer, Mint Drift.
5—( rap Shooter.
6—(.race Blotter, >uperrharge.
5—\V e Dun It.
Weather, cloudy; track, muddy.
Stolen Money Beck* This Woman Firm Believer in Banks
NEW YORK. March 8 INS* Banks are the best places for money after all," Mrs. Martha Loughman, of Brooklyn, told detectives today as she recevied $7,500 of her life savings, stolen last Friday by purse snatchers.
The money wa recovered after Camden. S. C , authorities notified police they were holding James Lyons, 19, and Benny Busccml, 20, in connection with tile theft. Mrs. Loughman was robbed shortly after she withdrew lier funds from a bank, intending to put them rn a safe deposit vault.
Polio'' said Lyons and Buscemi would be extradited.
a prosperous saloon. He moved to this city and for years was known to thousands of .shipyard workers, having worked at the old Roach Yard, the Hun Yard and former Chester Shipyard.
For the greater part of his life lie resided In the Eighth ward, having occupied one house at Second and Lloyd streets, for more than forty years. He moved I rom tho Eighth ward .several yea is ago to the Tenth) street add7'-s.s.
One daughter, Margaret, and three sons. Thomas J , James and John J. Killoran, survive. Funeral arrangements have not been completed.
MKS. K. HAIM,'KHAVKS 111 KS AT UKK HOVIK
Kila Hargreaves, widow of Thomas Hargreaves, former theatrical producer and widely known showman, of this city, died this morning in lier apartment, at Sixth and Sproul streets.
Mrs, Hargreaves, widely known among tile older residents of this city, was stricken with a heart ailment several weeks ago and since then gradually sank until death re- I lleved her of suffering. She is survived by one daughter, Mrs. Thorne Profile and one granddaughter. Funeral arrangements have not been completed.
Scrip Question Still Unsolved, Holding Up Payrolls Derision
I opicsof Times
Pie-Eyed Pete is giving close study to tliis here liquid asset matter, and wants to know lf the Eighteenth Amendment will be repealed by Sec-
( Ii antre-rn a Iv ins; and Open- rt,ttry Woodln*
Scrip will be .scrapped, advices in-
MALK IO! s \( I
The premises of the West Library, of Fourth and Jeffr were entered recently by who maliciously damaged and carried off a small ai money and a penknife from of Miss Anna Hannutn. librar money was taken from til fund Entrance was * fleeted I mg the glass in a ba em* ut
End Pl ey siree vanda proper nount the de nan Ti fine bren .undo
inn; of Safe Deposit Boxes (’ontimies
Today found Chester city and county banks .still closed except for permitted functions that of making change and permitting entry to sale
No derision has been reached by the Chester Clearing House Association on Hie question of scrip, pending official word from Washington.
In view of the tangled situation, there has Ie • ii no decision reached on the making up of payrolls.
Chester and the county will be guided by the action of Philadelphia Clearing House a axiation, acting on Washington orders, which late this morning .sent a message to James C. j Baker, secretary of the Chester Clear- i log House Association, stating: ‘"Tile : Philadelphia Association wall not cash * any payrolls before Friday. On that day we may do so and if we do, it I will be in scrip."
Local banks emphasize that they are alert to give every possible service
Continued on Last Page
PENNA. PASSES BANKING HILL
Measure (lives Dictatorial Powers to State Secretary of That Bureau
Bill Gilpin, banker and World Warrior, points out that Delaware county will soon have I wo major-generals off the gold-braid standard.
“Little Mary Hogan," is a pathetic song, but Bricky nearly laughed hiin-eif to death when "W'Ui Boy" Jenkins tried to sing it.
“Will Boy" used to be a good singer, hut he has never been the same since he Injun d his arm pulling it from that tripe barrel.
Hate Margolin met Tom Mix at
Camden airport yesterday. But It wasn't because Nate wanted Tom to teach him to throw the male bovine.
Getting a check cashed these days is about as easy as finding a cop in the First ward.
Gold . . . subject of man's dreams and anchor of Into its (rue place in civilization. . . . Here is a million and
t affair1 dollars
. . . now worth of
sublet to ac rid disc ussions as Alaskan gold in ingots.
Senate Resolution To El alt Evictions Until April 3
RO. March 8 -UNH)
toyed and destitute
I M J I pi
iv**d from eviction
ne* when the Senate
ou.slv passed a revo
lt execution of all
ire and levy until
th I? oiui
ion, introduced by
s J, Coyne, Alle-
, a ut hoi
ized Common Fleas
»nt •d a
mil tin* temporary of sheriff’s sales and son a1 property. It ill sheriffs from any
on will become ef-lalely upon concur*
louse and signature
HARRISBURG, March 8 *INS>—j By a vote of 160 to 8, the House today passed the Sordoni bill extending the powers of tin* banking department bv permitting limitation of withdrawals without dosing the banks,
! The measure went to the Senate for concurrence in minor amendments.
The bill, making legal tile emer-1 gency joint resolution of tilt* House and Senate permits tile banking sec-, rotary to allow banks to remain open even though they restrict the with-1 draw ais of their deposits. Such j emergency power will remain in force I tai six months under the provisions of Hie Sordoni BUI, but may be ex- ■ tended for two years bv proclamation of the Governor of the Commonwealth
With the House rushing the measure through for final passage many state banks took advantage of the lifting of the more stringent restrictions embodied In President Roosevelt’s moratorium proclamation and opened their doors for the activities permitted by Secretary of Treasury Woodin.
Dr. William D Gordon, state secretary of banking, .said today that the clearing house associations in
They arc thinking about changing
she lettered streets in Washington. Maybe some of our poor congressmen have leumed their a b c’s.
They say it's hard to Ret a $100
bill changed these days. So far, we vs i experienced no trouble.
Joe Kelso is beginning to study civie government. One of these morning? he says he would like to see how
a police court is conducted.
Canadian banks have felt no scarcity of money, so far. They won’t as. long as we have prohibition In this country.
A burglar .stole 25 revolvers and IO rifles from a local .store. No matter what hts aim may be. detectives say he Ls still wrong.
Speaker-to-be Ramey says real beer will be here by April I. In case you don’t like to be fooled, remember
WASHINGTON, Murih g—(I'Pi — Forecast fur tonight and Thursday: Eastern Pennsylvania: Generally
lair and colder in southwest and probably snow flurries and colder in west an dnorth portions tonight and Thursday.
New Jersey Generally fair and colder tonight and 'Thursday.
Western Pennsylvania; Local snows tonight and Thursday; colder in ex-treme west portion late tonight; much colder Thursday afternoon and night.
TODAY S ll MPFKATI KES
a. rn. a. rn. a. rn. a, rn.
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42 ll a. rn.
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