Hooverreas Reconstruction Plan Advances In Congress
The House banking committee approved the Steagall bill to create a 100 million revolving fund for federal farm loan banks. Hearings will start tomorrow on the administration’s 500 million reconstruction corporation. President Hoover urged Republicans to push action. A Senate subcommittee, led by Senator Carey, will begin hearings on federal land bank capitalization as three bills from Stiewer Howeck Norbeck move forward.
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
Steagall
Hoover
Senate
House
Reconstruction Corporation
Snell
New York
Senate Banking Committee
Carey
Wyoming
Stiewer
Oregon
Howell
Nebraska
Norbeck
South Dakota
Largest Raleigh bank closes as doors remain shut
Commercial National Bank the largest independent bank in Raleigh failed to open after directors voted to close pending a stockholders meeting. The September statement shows deposits around 4.29 million, capital 600 thousand, surplus and reserve 136 thousand, and bills payable 295 thousand. Officials blamed seasonal payments problems from low crop prices. The state treasurer said about 218 thousand of state funds were on deposit, secured by 240 thousand in state bonds. Other Raleigh banks operated normally except Morris Plan Bank which faced a heavy run.
MENTIONED IN THIS ARTICLE
Raleigh
Commercial National Bank
B.S. Jerman
E. B. Crow
A. P. Bauman
B. H. Little
Jerman
Morris Plan Bank
Banks Close in Boston as Depositors Demand Withdrawals
Boston Continental National Bank and four branches remained closed at 9 a m as the controller of currency was asked to take over to conserve assets. The bank, part of a merged entity with Boston National Bank, had deposits around 9.5 million and resources near 11 million after a year. A federal examiner will oversee, with further action pending. In Connecticut, Hamden Bank and Trust Company remained leased today. assets were about 2.1 million in the March statement.
MENTIONED IN THIS ARTICLE
Boston
Boston Continental National Bank
Devonshire Street
Boston National Bank
Continental National Bank
Continental
Engineers’ National Bank
Brotherhood of Locomotive Engineers
Boston Continental
New England Bank
Federal Bank
Comptroller of Currency
Hamden, Conn
Hamden Bank and Trust Company
Culbertsons Withdraw From Bridge Match For Santa Duties
Mrs. Ely Culbertson withdraws from partnering in the contract bridge match to spend Christmas with her family. Theodore A. Lightner will take her place as Culbertson and Lightner begin the 49th rubber, 410 points ahead of Sidney Lenz and Oswald Jacoby.
MENTIONED IN THIS ARTICLE
New York
Ely Culbertson
Theodore A. Lightner
Sidney S. Lenz
Oswald Jacoby
Ely
Culbertson
Lenz
Jacoby
Hoover Reports Muscle Shoals Lease Proposal to Congress
President Hoover transmitted to Congress a 50 year lease plan for the Muscle Shoals project to a farmer oriented corporation. He noted the joint federal state commission found for farm benefit and attached its unanimous report and supporting evidence brochure.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Congress
Muscle Shoals
Alabama
Commission
Robinson assails Hoover defense over nonpartisan appeal
Senator Robinson charged Secretary Hurley with steering partisan support into a Hoover triumph while claiming Hoover seeks nonpartisan backing for his program. He noted only the Smoot Hawley tariff and the farm marketing act as Hoover era measures and questioned their success amid declining foreign commerce. Robinson spoke to a Republican National Committee gathering.
MENTIONED IN THIS ARTICLE
Washington
Robinson
Senate
Hurley
Republican National Committee
Hoover
Congress
Aged Atlanta City Clerk Sentenced to Four Years
Walter C. Taylor, longtime Atlanta city clerk, is affirmed four years on chain gang terms and $2,000 in fines after bribery convictions. The Georgia Supreme Court upholds an $800 case for allowing jewelry auction activity on a simple license and a $9,000 $2,500 $500 bribe count upheld by the appeals court.
MENTIONED IN THIS ARTICLE
Atlanta
Walter C. Taylor
Georgia Supreme Court
Taylor
Court of Appeals
Atlanta Constitution
Japanese Economic Takeover Expands in Manchuria
In Manchuria, reorganization shifts government business from U S and European hands to Japan. Japanese economic brigades push control of key interests in South Manchuria including railways electric power banking mining and manufacturing as Japanese advisers join provincial administrations and related assets pass under Tokyo influenced management.
MENTIONED IN THIS ARTICLE
Mukden
Manchuria
United States
Japan
Honjo
Fengtien
Kirin
Kidnappers Threaten to Blind Rich Victim in Kansas City
Mrs. Nellie Donnelly a wealthy Kansas City garment manufacturer is held by kidnappers who demand 75000 dollars and threaten to blind her and kill her chauffeur if police are informed. Notes in Donnelly handwriting direct payment and a power of attorney was signed. Former Senator James A Reed was en route to Kansas City to advise.
MENTIONED IN THIS ARTICLE
Kansas City
Nellie Donnelly
Donnelly
Reed
Jefferson City
James Taylor
Gold standard not to be abandoned says officials
Washington reports say Administration officials dismissed talk of dropping the gold standard. They stressed the U S cannot abandon gold dollars as most securities and government obligations are payable in gold. silver dollars in circulation are valued by law and not purchased unless mixed with gold ore.
MENTIONED IN THIS ARTICLE
Washington
United States
Treasury
University Graduate Is Freed of Burglary Charge
Francis J. Sullivan, a university graduate from Charleston West Virginia, was found not guilty by a Forsyth County jury in a first degree burglary case. The charge related to the theft of $24 from the room of C. J. Williamson as Williamson slept at Twin City. Sullivan recently moved to Raleigh.
MENTIONED IN THIS ARTICLE
Twin City
Winston-Salem
N. C
Francis J. Sullivan
C. J. Williamson
Forsyth Superior Court
Sullivan
Charleston
W. Va
Raleigh
Probe of GOP state activities now underway
Federal grand jury in Greensboro opens inquiry into reports of campaign fund solicitations from state office holders by the Republican executive committee. Subpoenas target W. H. Foster and J. S. Duncan with about thirty federal employees summoned. District Attorney Gavin would not reveal indictment status, saying the matter rests with the grand jury.
MENTIONED IN THIS ARTICLE
Greensboro
N. C
Middle District
U.S
Republican Executive Committee
Prohibition
U. S Government
W. H. Foster
Duncan
State Republican Executive Committee
Grand Jury
HB. L. Gavin
Gavin
Johnson
Hayes
Lawyers Seek Immunity for Witnesses in Buncombe Probe
Three Buncombe County lawyers appointed to aid an ethics inquiry urged Governor Gardner to grant pardons to witnesses who testify against court corruption. They also urged Judge Stack to broaden the probe to include claims that juries were handpicked by county commissioners. The letter argues all Buncombe lawyers are tainted until culprits are found and punished.
MENTIONED IN THIS ARTICLE
Asheville
N. C
Buncombe County
Gardner
A. M. Stack
Thomas J. Harkins
Alfred
Bernard
A. C. Avery
Stack
American voice in Manchuria fight comment from Japan
An American writes from Murden Japan on December 17 expressing skepticism that the Manchurian problem will be settled soon and warning against joining commissions. He says the commission will disappoint both sides, notes the US is not part of the league yet would join to avoid losing a chance, ending with a sign-off from Will.
MENTIONED IN THIS ARTICLE
Murden
Japan
Will
Spanish War Vet Claims English Throne for Pension
Henry Holden Corpus a 69 year old Spanish American War veteran and self styled King Henry IX of England says he should wear Britain’s crown but would settle for a royal pension He claims legal proof of birthrights from Edward VII and recounts serving as a White House butler for Grover Cleveland and as staff for J P Morgan and John Jacob Astor while travelling the country denouncing Britain.
MENTIONED IN THIS ARTICLE
Henry Holden Corpus
England
Dallas
Tex
Britain
George V
Henry IX
Colpus
Edward VII
Farmcombe
Surrey
Queen Victoria
Prince of Wales
Henry Colpus
United States
Corpus
Butler
White House
Grover Cleveland
J. P. Morgan
John Jacob Astor
200 Millions Is Additional Sum Voted for Veterans Aid
The House approved 200 million dollars for the veterans administration to fund loans to veterans with adjusted service certificates. A separate resolution appropriated 120 thousand dollars for the United States Employment Service under the labor department. Both measures passed unanimously after cutting 48 thousand dollars from the appropriations. The actions marked the first treasury appropriations approved by the Democratic House.
MENTIONED IN THIS ARTICLE
Washington
House
Veterans Administration
Senate
United States Employment Service
Labor Department
House Appropriations Committee
Burns
Tennessee
National Treasury
Democratic House
Hoover moratorium pact stalls at Ways and Means
Washington December 17 The House Ways and Means Committee failed to decide on the Hoover moratorium after two hours of morning deliberation and planned to resume work in the afternoon with Secretary Stimson to report further.
MENTIONED IN THIS ARTICLE
Washington
Dec
House Ways and Means
Global bankers deny Britain France and Italy funds with Morgan
Henry P. Davidson of J. P. Morgan company told a committee that Great Britain France and Italy did not have funds on deposit with his firm to cover December 15 debt payments to the United States. President Hoover named Robert E. Olds as American member of The Hague permanent court of arbitration, succeeding Roland W. Boyden. Lyman Delano elected chairman of Atlantic Coast Line railway, succeeding Henry Walters. Frederick B. Adams named to the executive committee.
MENTIONED IN THIS ARTICLE
Washington
Henry P. Davidson
J. P. Morgan Company
Great Britain
France
Italy
House
Ways and Means Committee
United States
Hoover
Robert E. Olds
St. Paul
New York
Lyman Delano
Gana
Atlantic Coast Line Railway Company
Henry Walters
Delano
Road
Frederick B. Adams
Senate Orders New Investigation Into Food Prices
The senate today ordered a fresh inquiry into food prices amid rising costs. Lawmakers said the investigation will examine supply chains, pricing practices, and consumer impact to determine if actions are needed.
MENTIONED IN THIS ARTICLE
Washington
Senate
Physicians Certify Mummified Body Likely Booth
A Chicago panel of physicians concluded the mummified form in the Scott collection may be John Wilkes Booth, citing X rays and surgical findings. They cautioned they will not finalize identity but present facts linking the mummy to Booth’s figure.
MENTIONED IN THIS ARTICLE
Booth
Chicago
John Wilkes Booth
Lincoln
M. Herman N. Bundesen
Edward Miloslavich
Milwaukee
United Press
John St. Helen
Also Mentioned on This Page
Omar Khayyam
Samuel
Hawkins
Earl Thayer
Fort Leavenworth
Oklahoma
National Bank
New England
Mrs. Culbertson
Santa Claus
U. S
Europe
Clinch
Glenn Babe
The
Associated Press
Federal
O. P
Buncombe
Veterans’ Aid
Stimson
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