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Newspaper
Grafton Sentinel
Location
Grafton, West Virginia, United States of America
Date
Mar 10, 1933
Page
5
The Y M C A cagesters defeated the Green Imps 44 to 38 last night at the high school gym to claim the city independent basketball championship. In the preliminary consolation, the Trish Alumni beat the Tall Timbers 39 to 37.
Washington March 10 emergency banking bill grants Roosevelt and Woodin broad war power during peacetime, sets strict penalties, allows the Treasury to seize gold assets, and expands bank conservatorship. It authorizes a central conservator to accept deposits, permits reorganizations, enables sale of bank stock, and establishes federal reserve note issuance secured by government obligations.
Washington reports President Roosevelt extended the national banking holiday and urged banks to reopen on a sound basis. Treasury secretary Woodin announced a 90 day note program and currency expansion to meet demands, with no reopenings before Saturday and state banks urged to apply for reopening.
In heated Senate exchanges Senator Glass defends a banking bill linking state banks with member banks and the Reconstruction Finance Corporation. Roosevelt pushes emergency measures to reopen sound banks and curb speculation, while calls unfold for privileged access to gold reserves and broader treasury actions.
Charleston March 10. Speaker Hiner reported at the chair a table showing legislative costs for 1933 totaling 60 980 including 5 418 for new furniture, down from 80 645 in 1931. Earlier sessions ran 108 287 in 1929 and 85 952 78 in 1927.
Rabat French Morocco reports a new outbreak of native tribesmen in the Atlas mountains. A dozen French soldiers were killed and 150 native soldiers killed or wounded in the clash.
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