Bank Holiday Speech Explains Financial Lockdown Actions
The speech describes bank holiday measures and federal actions to stabilize liquidity after a rush to convert deposits into currency. It explains that most money is in deposits, not currency, and details steps including proclaims, congressional laws, and regulations to allow banks to operate to meet payrolls and supply essentials while restoring confidence.
MENTIONED IN THIS ARTICLE
Eib
Congress
National Congress
Banks to issue more currency as reopenings begin
The government plans large scale currency issuance backed by solid assets to support banks reopening in stages across 250 cities led by twelve Federal Reserve centers. State banks will follow federal guidance with help from member banks and the Reconstruction Finance Corporation. The aim is to restore public confidence, meet legitimate withdrawals, and avoid another bank crisis by distributing reopenings over days and regions.
MENTIONED IN THIS ARTICLE
Bureau of Engraving and Printing
Federal Reserve Bank
Treasury
United States
Federal Reserve System
Reconstruction Finance Corporation
Secretary of the Treasury
State Bankers Urge WV Nonmember Banks to Apply for Reopening
Governor Kump and L R Charter Jr declared 127 West Virginia banks not in the Federal Reserve System fall under state jurisdiction. They urged these institutions to file reopening applications with current condition statements, to be reviewed promptly for potential reopening directions from Washington.
MENTIONED IN THIS ARTICLE
Ington
Kump
L. R. Charter, Jr
West Virginia
Federal Reserve System
State Department
Washington
West Virginia bankers back governor on banking reforms
About 200 to 300 bankers gathered to support Governor Kump and Banking Commissioner Charter. A six member committee was formed to liaison with state and federal authorities to set up regulations aligning with federal rules and protecting depositors. The group praised the governor and pledged full cooperation with re opening orders once Washington guidance is received.
MENTIONED IN THIS ARTICLE
Charleston
L. FP. Haller
Wheeling
State Association
Haller
Kump
Banking Department
West Virginia
West Virginis
Quake Areas Hit Southern California Cities
After the first tremor, cities from Pasadena to San Pedro reported heavy damage and a regional loss near 40 million dollars. As reconstruction began, fear waned with the quake’s decreasing frequency and ongoing recovery efforts across Southern California.
MENTIONED IN THIS ARTICLE
San Pedro
Pasadena
Santa Ana
Inglewood
Santa Monica
Compton
California
Earth Movement
Herbert Dent Contested Vote In Barbour And Taylor
The contest focused on ballots cast in Barbour county with no Taylor recount. Official returns gave Dehut a 113 vote Barbour lead, but a recount flipped to Watkins by 169, a 282 swing. Watkins held a 14 vote Taylor lead, while Barbour issued a certificate of election to Dent after finding ballot tampering between canvass and recount.
MENTIONED IN THIS ARTICLE
Barbour County
Taylor
Dehut
Watkins
Taylor County
County Court
Elkins Priest Ordained in Rome Reaches Parish
Elkins priest Corcoran, ordained in Rome in 1900, served in Elkins and previously at McMechen West Virginia. Additional charges included Parkersburg Wheeling and Kings.
Elkins Church Leader Funeral Plans Announced
Ville reports the death of Father J Daly eight years ago and notes funeral services likely Wednesday at St Brendan's church with Bishop J Swint in charge. Interment will be in St Brendan's church cemetery. The article recalls prior youth crime cases involving Cash Morgan and two other youths, with none deemed serious or flagrant.
MENTIONED IN THIS ARTICLE
Cash Morgan
Banks to Open Amid Federal Guidance and Hoarder Grace
Banks await state approvals as Treasury reports pledge full federal support for opening. Gold hoarders have four days grace until March 17 to return metal to Federal Reserve banks. Treasury denies withdrawal rights for hoarding. Stock exchanges hold, public needs drive reopening, and new currency is dispatched to Federal Reserve banks for member institutions. Savings banks in New York begin openings with temporary withdrawal limits set by the state banking board.
MENTIONED IN THIS ARTICLE
Federal Reserve
Treasury Department
Stock Exchange
Federal Reserve Banks
Reconstruction Finance Corporation
Greater New York
State Banking Board
Young Flier Seeks Cape Town Record Flight
Cape Town March 13 Victor Smith a young South African aviator vanished this morning on the final leg of a flight intended to beat Amy Mollison’s English record to Cape Town. Two prior attempts by Smith ended in failure.
MENTIONED IN THIS ARTICLE
Cape Town
Union of South Africa
Victor Smith
Amy Mollison
England
Smith
Fear Attack At Fayette Industrial Hospital Details
A night assault at the Fayette county institution left watchman Arnett with a fractured skull. Becheler and three others faced charges as inmates were sent to courts or the state hospital in Fairmont for treatment. Arnett, married with three children, had three years service at the school.
MENTIONED IN THIS ARTICLE
Snow
Fayette County
Mr. Arnett
Becheler
Laer
Arnett
Fairmont
Charleston
Praintytown
Neyland Spurns Luxury In Grld Dressing Room
Knoxville notes Major Bob Neyland, UT football coach, rejects modern dressing rooms in a new $250,000 gymnasium near the football field. He vows the gridiron team will continue using a dingy room beneath the concrete stadium, citing superstition and caution about changing jerseys and numbers.
MENTIONED IN THIS ARTICLE
Neyland
Knoxville
Tenn
University of Tennessee
Bob Neyland
Also Mentioned on This Page
Tna
Kinsey
Klein's
Opera House
Acolumbia Picture
Watking
State Supreme Court
Taylor George
Philipph
Delmar Coal Company
Dent
State Bankers
Sancre Cols
National Capital
Charter
D. R. Richards
Morgantown
J. E. Arbuckle
Entura
Glendale
Catalina
Ysland
Riverside
Aana, Aise
Qcrang
San Diego
Oes
Arrow
Herbert Dent
Round
Green Lantern
Jack Pitman
Elkins Priestee
Temblor
Los Angeles
Associated Press
Florence Avenue
T. V. Heironimus
Niedet
Uue
Tontdants Paantad
Majop J
coroLé Lobard
Dorothy Mack Garamount
WMNN
Radio & Electrical
Dawson Radio and Electric Service
Grand Street
APEX
Liberty Shoe Shop
Grand Theatre
Economy
Baker
Coal Company
Trisler
Best Main Street
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