Roosevelt Bank Deposit Guarantee Sparks Investor Backlash
Secret orders to valuate bank portfolios surface as Glass Steagall deposit guarantee nears January 1. Treasury pledged $150 million to a protected fund, provoking banker opposition and talk of constitutional challenges to the guarantee. Roosevelt and Woodin reportedly opposed deposit guarantees from the start.
MENTIONED IN THIS ARTICLE
Glass-@eagall Bank
Treasury
Roosevelt
Woodin
Congress
Huey Long
Kingfish
Hugh Johnson
NRA
Ickes
Lew Douglas
Agen
CROP REDUCTION PLAN FOR NEXT SEASON PRAISED
The AP reports Secretary Wallace evaluates a long time program linking acreage reduction with a price guarantee for cotton growers. The plan would cut next year’s acreage to about 25 million acres and seek parity pricing for domestic consumption. Final action hinges on Wallace and President Roosevelt with a September 1 announcement anticipated.
MENTIONED IN THIS ARTICLE
Associated Press
Wallace
Roosevelt
Cotton production plan aims for 1934 limit
Baton Rouge report cites a conference of Southern senators and agriculture commissioners set for August 28 in Birmingham to draft a cotton production control program. Commissioner Harry D. Wilson, president of the Cotton States Commissioners of Agriculture, said he is cooperating with Senator J. H. Bankhead to limit next year's cotton crop.
MENTIONED IN THIS ARTICLE
Baton Rouge
Commissioners of Agriculture
Birmingham
Harry D. Wilson
Wilson
Cotton States Commissioners of Agriculture
J. H. Bankhead
Alabama
Johnson Seeking Coal Agreement
Washington Aug 2 1944 Hugh Johnson summoned spokesmen for coal operators and labor to clinch a final agreement on the bituminous code. Both sides were pleased by his interpretation that no open shop clause could be written into any code yet the NRA did not ban a company union as such. Settlement of the automobile code remains in abeyance.
MENTIONED IN THIS ARTICLE
Washington
Hugh Johnson
Johnson
NRA
Ban On & Company
Arkansas Lets Beer Sale Be Legal After Voted
Governor Puttrell to day signed the engrossed beer bill making the sale and manufacture of 3.2 beverage legal in Arkansas immediately. The senate had just legalized alcoholic beverages for the first time in 18 years, with the engrossed copy rushed to the governor.
MENTIONED IN THIS ARTICLE
Little Book
Ark
Puttrell Todey
Arkansas
Senate
Tennessee River Level Drops As Gauge Reads 38 Feet
The Tennessee river began falling again this morning with a gauge reading of 38 feet indicating a continuing decline in water level and potential relief for affected areas.
MENTIONED IN THIS ARTICLE
Tennessee
Plot on life of Machado frustrates Nassau visit
Reports that an airplane brought men to Nassau determined to assassinate exiled Cuban president Machado prompted armed guards at his hotel. The colonial government viewed the claim as serious as police, unarmed in normal times, moved to bolster security while ABC members from Cuba spread anti Machado propaganda.
MENTIONED IN THIS ARTICLE
Nassau
Bahamas
Machado
Cuba
ABC
Malone receives strong reception in campaign swing
Judge Baynard L. Malone, candidate for Congress from the Eighth district, spoke at barbecues in Riverton and Big Cove and led an all day singing program in Decatur. The Bonanza quartet directed by A. L. Moye headlined as crowds from northern Limestone county attended. He drew 400 to 500 at Huntsville court. He planned visits to Jackson county, Scottsboro, and Stevenson with hope for strong rural support.
MENTIONED IN THIS ARTICLE
Baynard L. Malone
Congress
Riverton
Big Cove
Decatur
Bonanza Quartette
A. L. Moye
Limestone County
Malone
Huntsville
Paul Speake
Morgan County
Judge Speake
Madison County Court
Judge Malone
Madison County
Lawrence County
Caddo
Moulton
Sheffield
Jackson County
Scottsboro
Stevenson
Walker Miners Return to Work at Samoset Mine
Two hundred miners return to work at the Samoset mine in Dora Alabama under an union officials agreement. The miners resume work without prejudice and the company agrees to follow a Washington decision in pending discharge cases tied to union affiliations.
MENTIONED IN THIS ARTICLE
Jasper
Ala
Samosét
Dora
Washington
Weather notes: high 93 and low 68 today
The weather bureau reports a maximum temperature of 93 and a minimum of 68 for the 24 hour period ending at 7 am today.
MENTIONED IN THIS ARTICLE
the Weather Bureau Today
Burglar Attacks Carl Kihl in Home Robbery Attempt
Carl Kihl of 523 Tenth Avenue West was asleep when an intruder struck him on the head in a 9 30 p m burglary attempt. The attacker fled via a rear door as police responded. no injuries were life threatening. A violin and a watch were previously stolen in earlier entries.
MENTIONED IN THIS ARTICLE
Carl Kihi
Tenth Avenue
West
Kihi
Kthl
Kihl
Public Works Board Endorses Projects
The Alabama Public Works Advisory Board endorsed city plans to create jobs and boost purchasing power. Andalusia seeks a government loan to extend the sewage system while Greenville aims to build a new city hall and auditorium with formal application details to follow.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Alabama Public Works Advisory Board
Andalusia
Greenville
Many Cases Docketed For the County Court
A total of 113 criminal cases are booked for a hearing in the non jury term of Morgan county court to be convened by Judge W. T. Lowe September 5. Several jail cases may be included. The fall term will be for weeks, and two civil cases are scheduled to be heard during the fortnight session.
MENTIONED IN THIS ARTICLE
Morgan County Court
W. T. Lowe
Storm Devastates Seaboard Amid Atlantic Tempest
A Caribbean born storm furiously batters the Eastern seaboard causing multiple deaths and millions in damages. Vessels Madison and others vanish or are damaged. coast guard escorts Madison toward Norfolk as officials monitor the worsening gale. The storm, warned as the worst since 1896, threatens Washington with diminishing force by advance inland.
MENTIONED IN THIS ARTICLE
Associated Press
Caribbean
North Atlantic
Madison
Norfolk
Cape Charles
Chesapeake Light
Old Dominion
New York
Coast Guard
Upshur
Carrabassett
Washington
Bankers Propose Interest Warrants Exchange Plan
The Alabama Bankers Association and Governor Mil ler propose offering new five percent war rants to holders of non interest bearing warrants to retire a non funded deficit of sixteen million eight hundred fifty nine thousand dollars.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Executive Council
The
Alabama Bankers Association
B. M. Miller
Family Reunion Enjoyable Affair
Somerville Alabama August reports a most enjoyable family reunion at the home of Mr. and Mrs. R L Henderson. Attendees include Esther and Dwight Henderson, Louis Turney G L Rollins and daughter Faye Teene, Hoyt Watkins, Royal Henderson of Ensley, J W Henderson of Hartselle, C E Holt of Asheville North Carolina, Nan Henderson of Greensboro North Carolina, and friends S J Weaver and son Jimmie of St Louis Missouri.
MENTIONED IN THIS ARTICLE
Somerville
Ala
R L. Henderson
Uae
Esther
Dwight
Louis Turney
G. L. Rollins
Faye Teene
Hoyt Watkins
Royal Henderson
Ensley
J. W. Henderson
Hartselle
C. E. Holt
Asheville
N. C
Nan Henderson
Greensboro
Two Men Fined After Police Court Arrangements
Two white men faced morning docket in police court. One arraigned for drunkenness and disorderly conduct, the other for drunkenness and assault with a knife. Fines were assessed in both cases.
Carmichael 10 Speaks Tonight at Court House
A. H. Carmichael of Tuscumbia, candidate for Congress, speaks at 8 tonight at the court house. He will discuss campaign issues ahead of the September 12 primary. An invitation is extended to the public and ladies to attend.
MENTIONED IN THIS ARTICLE
A. H. Carmichael
Tuscumbia
Congress
Carmichael
Court House
Town Creek GWVIC Club Holds Meet
Town Creek civic club hosted guests from Decatur Russellville Courtland and Decatur members for an address by Llewellyn Evans TVA construction engineer who spoke on ways municipalities can secure light and power plants. A post meeting fish fry followed.
MENTIONED IN THIS ARTICLE
John Patterson
John White
P. P. Gilchrist
Jack Dillehay
Roland H. Gray
Decatur
Town Creek
Splendid Revival At Crow's Chapel
Crow's Chapel hosts a revival led by Rev. J. Di Pickens of Southside Baptist Church drawing large crowds. Services run each evening at 7 30 o'clock.
MENTIONED IN THIS ARTICLE
Crow's Chapel
J. di Pickens
Southside Baptist Church
Schedule of Can Sealing in District 1 Outlined
The child welfare offices issued a district wide schedule for tin can sealing with R F C work card requirements. Locations include West Decatur South Decatur East Decatur Old Decatur Priceville Flint Means Austinville and Trinity with specific dates August 22 to September 4 and center details led by named chairpersons.
MENTIONED IN THIS ARTICLE
West Decatur
Canning Center
Moulton Street
Twelfth Avenue West
Elbert Weaver
South Decatur
Nineth Avenue South
H. M. Betterton
East Decatur
Baker's
Sixteenth Avenue
Old Decatur
Mary Means
Austinville
Bernice. Simmons
Ed. Fennell’s. Trinity
Ford Dealers Gather in North Alabama Sales Meeting
Ford dealers from North Alabama counties gather for a sales meeting and will hold a banquet tonight at Hotel Lyons. Practically all dealerships from the region are represented.
MENTIONED IN THIS ARTICLE
Ford Dealers
Ford
North Alphans
Hotel Lyons
North Alabama
Crescent Limited Derailment Kills Two Enginemen
A Crescent Limited Southern passenger train en route from New York to New Orleans derailed near Washington D C when a weakened Anacostia River bridge failed. Two enginemen died and 13 passengers were hospitalized in the early incident.
MENTIONED IN THIS ARTICLE
Washington, D. C
Crescent Limited
SoutHern
New York
New Orleans
Here
Anacostia River
Capital
Roy E Harris Dies After Weeklong Illness
Roy E Harris 30 prominent Decatur businessman died at 3 a m in Benevolent Hospital after a weeklong illness. Body moved to Browns parlors then to 308 Oak street residence for burial. Funeral Friday at 8:30 am from home with two ministers. graveside rites at 2 pm in Tuscaloosa Cemetery. Survived by widow and 5 year old daughter Betty, parents J N Harris, three sisters and three brothers. He had been in business with his brother.
MENTIONED IN THIS ARTICLE
Roy
E. Harris
Benevolent Hospital
Brown
Oak Street
W. PF. Price
J. B Berkstresser
Tuscaloosa
J. P. Boone
Decatur
Bettie
J. N. Harris
A. J. McEachern
Corinth
H. L. Holmes
Newton
Miss
J. T. Tyson
J. L
Birmingham
R. N. Hateris
Anniston
Harris
Also Mentioned on This Page
Drew Prarson and
Robert 5. Allen
Walker
Carl Kil
Robber
Mian
Public Works Board
Seaboard
Carole Lombard
Los Angeles
William Poweling
Nev
E. K. Pete
Gwvic Club
TEVA
Crow’s Chapel
Roy E. Harris
Wyatt Barnes
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