Financial turmoil as PA and NY join bank holiday
Banks in Corry and Pittsburgh kept operating amid a broader banking holiday. Local banks announced possible reopening if moratoriums were forced, while the Pittsburgh stock exchange would close. Officials said banks would stay open and carry on, with the Fed also remaining active, as officials weighed actions.
MENTIONED IN THIS ARTICLE
New York
Roosevelt
Stock Exchange
Banks of
Gorry
Asual
Iligen’s
National Bank
National Bank of Corry
Cne
Corry
Pennsylvania
Aeither
United Press
Pittsburgh
Asustal
Board of Governors
Pittsburgh Stock Fixchange
Arithy E- Braun
Bf Th
Pittsburgh Clearing House Association
Line Teading Bankers of
Pittsburgh Federal Reserve Pane
Gitfor Pinchol
Garner Sworn In At Noon As Vice President
Joan Venee Garner, a Texas lawyer, was sworn in as vice president of the United States in the Senate chamber before President Hoover and incoming president Franklin D Roosevelt. Charles Curtis administered the oath, ending a long sequence of March 4 ceremonies under the new January change. Garner vows to support the Constitution after 20 years in the House and his rise to speaker in 1081.
MENTIONED IN THIS ARTICLE
United Press
Washington
Joan Venee Garner
Toualy
Beame
United States
Todlay
Ited States Senate
President Hunger
Franklin D. Roosevelt
Charles Curtis
Senate
Garner
John Ne Garner
Sateem
Admira Jon
Ligonier Banker’s Fate in Judges Hands
Pittsburgh March 4 The government embezzlement charges against George Clifford Irank former president of the Ligonier National Bank are with Federal Judge Nelson McVican. Court adjourned to next Monday as defense objections threaten to bar prosecution on the over one hundred thousand dollars of bank funds and credits cited in the indictment.
MENTIONED IN THIS ARTICLE
Unite Rress
Pittsburgh
George Clifford Irank
Ligonier National Bank
Ligonier
Nelson McVican
McViewries
Frank
Militia Deployed as Geneva Banks Enforce Moratorium
Geneva four banks were guarded by troops after news of a state banking moratorium. Reports indicate ten reorders occurred while business remained at a standstill.
MENTIONED IN THIS ARTICLE
United Press Geneva
Geneva
Puerto Rico Hit By Severe Storm At Mayaguez
A cablegram reports a terrible loss of life and property in Mayaguez Puerto Rico from flooding. The densely populated beach front area, with about 2000 residents, suffered tidal devastation. details remain limited.
MENTIONED IN THIS ARTICLE
Puerto Rico
United Press New Yok
Mayaguez
Presbyterian Board of National Missions
Closing of Corry Hospital Believed Inevitable
President Glyde F. Brown of the Hospital Association said the closing of Corry Hospital is imminent unless immediate financial aid is provided. His statement appears on page 6 of today’s issue.
MENTIONED IN THIS ARTICLE
Corry Hospital
Glyde F. Brown
The
Hospital Association
Dommant
Brown
Road funds may be diverted to relief work
A Pennsylvania Republican plan proposes economizing through bureau cuts and program eliminations to free between 10 and 15 million dollars for relief. The balance would be borrowed from the major license fund, with road construction halted until conditions normalize. Governor Pinchot seeks 20 million for ongoing relief after March.
MENTIONED IN THIS ARTICLE
Paul Comly
United Press
Harrisburg
Mar. J
State Republican Organization
Sterling
General Assembly
Gifford Pinchot
State Emergency Relief Board
TexHef
Banking plan aims to ease tension in New York circles
Bulletin reports Mortimer Buckner, president, saying New York banking leaders are drafting a plan to relieve tension. Other items note the Senate's confirmation phase for Roosevelt cabinet nominees and Hoover signing the emergency act, with Guinan robbed of jewelry and fur outside a Chicago hotel.
MENTIONED IN THIS ARTICLE
United Press
New York
Tex Guinan
Chicago
Texas Guinan
Lake Shore Drive
KNAPP HELD RESPONSIBLE FOR FATAL ACCIDENT
Coroner jury at Erie finds Knapp of Youngstown drove recklessly in the collision near the State Hatchery west of Corry on December 10 causing Thomas Cochran of Union City to die. Cochran died February 24 after injuries. Knapp fled the scene and did not aid the injured man. Witnesses testified of attempted passing blocked by an oncoming car and subsequent offroad into a tree. Prosecutors await Cochran's attorneys to press criminal action. Also included Roosevelt cabinet confirmation news.
MENTIONED IN THIS ARTICLE
John M. Snapp
Phelps Street
Youngstown
State Hatchery
Corry
Union Road
Thomas’ Cochran
Union City
Knapp
Erie
Chechran
St. George's
Cochran
Union City Msn
Union City Hospital
Sherwood
TJ. Kelsey
Donald J Howland
Norman Campbell
William Goodran
W.G. Stroble
Japs Capture Jehol Capital Without Clash
United Press report from Chengtehfu Jehol dated March 4 states Japanese forces under General Kuwahara occupied Chengtehfu the Jehol capital, effectively completing the pacification of the province. The army entered the city at 10 am after a long winter march from Pingchuan, facing blizzard conditions and minimal resistance as tanks and armored cars led the advance.
MENTIONED IN THIS ARTICLE
Frederick Whiteing
United Press
Chengtehfu
Jehol
Padashi Kuwahara
Chengtehmix
New President Outlines Plans in Inaugural Address
Roosevelt pledges candor and bold action to endure hardship, arguing fear is the nation's only real foe. He calls for direct government jobs, use of resources, and urban land reforms while urging ethical reform in finance and business. Continued in page five.
MENTIONED IN THIS ARTICLE
United Press
Washington
Roosevelt
Ife
Rome
Mafuré
Traths
Roosevelt Takes Oath as 31st President Before 250000
Franklin D Roosevelt was sworn in as president before about 250000 spectators at the Capitol. He vowed to push the New Deal and warned of possible wartime measures to battle the financial crisis gripping the nation. Chief Justice Hughes administered the oath as the crowd watched from a white painted stand.
MENTIONED IN THIS ARTICLE
United Press
Capitol
Washington
Mar
Franklin D. Roosevelt
United States
Ciishon
Hughes
Roncevelt
Herbert Maever
Lincoln
Roosevelt
Extra Session May Be Called In Ten Days Inaugural Speech Promises Emergency Measures
President Roosevelt signals an extra congress session within ten days to enact urgent economic relief. He vows strict supervision of banking and credits, an end to speculative use of others' money, and provision for a sound currency. He may seek broad emergency powers if Congress stalls.
MENTIONED IN THIS ARTICLE
United Press
Washington
Mar
Huvsevic
Congress
Pitutun
Dem. Ney
Pittman
Jim Lowly
Fendous
Garner
Pennsylvania
Capitol
Franklin D. Roosevelt
Couritry
Roosevelt
Congress Passes After Checkered 72nd Session
The 72nd Congress in Washington closes after a long session marked by initial futility and later decisive action. The record notes a tumultuous path as lawmakers faced conflicting moods and final measures shaping policy heading into history.
MENTIONED IN THIS ARTICLE
Washington
Also Mentioned on This Page
Paralys
East
javalySi# Wescon
Mamasi al Jarport Ait Ceitels
Reef
New York State
Tinois
America
Chicag
New England
Maschusetts
New Hampshire
Rhode Islan
Kansas
Missouri
Wyamting
Marie
Milli
New York Bick Exchange
New York Bank
Mensheys
Philadelphia
Pinchot
Pennspiranta
Sols
George W. Norris
Poléral Reserve Bank
Penngylvania
Bineholfty
Ligonier Banker
Bulletins
Hoover
Fletcher-Steagall
Herbert Hoover
Union Stat
Chil Cigh Board of Trade
Find Knapp