Woodin and Roosevelt in Confab at Hyde Park
Hyde Park N Y Feb 25 President Elect Roosevelt met with William A Woodin of New York to shape fiscal policy aiming for a balanced budget before July 1. He plans budget cuts through reorganizing government and relies on beer tax revenue while awaiting March 5 income tax results and next year expenditure projections.
MENTIONED IN THIS ARTICLE
Hyde Park
Roosevelt
Treasury
William A H. Woodin
New York
Wats
Roosevalt
Ogden L. Mills
Hoover Administration of the Treasury
Woodin
Paris
Havana
Henry Morgenthau, Jr
Bernard M. Baruch
Baruch
Lower Postage Rates Sought Despite Revenue Drop
Washington February 25 House Post Office Committee Chairman Mead said he will urge the next Congress to cut postal rates. He warned higher rates have historically reduced revenue as users switch to messengers telegraphs or radio, noting Postmaster General Brown’s figure of 120 million more if rates rose while fiscal year results showed the opposite.
MENTIONED IN THIS ARTICLE
Washington
Mead
House Post Office Committee
Brown
Senate Passes Fletcher Bill Allowing Direct Land Bank Loans
The Senate approved a Fletcher bill to permit direct loans to borrowers by federal land banks and to allow reamortization of mortgages over up to 40 years. The measure, unani mous consent and backed by the treasury, includes provisions for direct loans when farm loan associations cannot, loans for liquid indebtedness prior to 1933, and reamortization with approval. Secretary Mills calls the reamortization a useful tool to ease delinquent mortgages and reduce semiannual payments to help homeowners retain their properties.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Treasury Department
Farm Loan Association
Farm Loan Board
Federal Land Bank
Mills
Japanese drive into Jehol captures Chaoyang and key towns
Japanese forces press the Jehol campaign capturing Chaoyang Kailu Suiung and other centers as 26 000 Chinese irregulars surrender or join Manchukuo. Gen Yoshimichi Suzuki advances toward Jehol city while Ma n churian army headquarters shift from Shanhaikwan toward Kailu and Jehol city. A Muto proclamation warns China that any further action may widen the war to North China.
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Chinchow
Manchuria
Chaoyang
Jehol
Shanhaikwan
Tungliao
Japan
Minchukuo
Kailu
Suiung
Yoshimichi Suzuki
Kuniaki
Jehol Province
Chihfeng
Douglas as budget watchman sparks Arizona label
In Beverly Hills on February 24, the writer jokes about Congress appointing a night watchman for the budget, naming the lone Arizona congressman Douglas as the figure. The piece quips that each state should have one budget guardian and mocks the budget as a mythical beans bag.
MENTIONED IN THIS ARTICLE
Beverly Hills
Cal
Douglas
Arizona
N. Y
Congress
Daniel Rhyne Dies at Home in Lincolnton
Lincolnton February reports the death of Daniel Efird Rhyne a $1 textile manufacturer banker and philanthropist at his home after months of illness He presided over First National Bank owned Piedmont Wagon Co and owned Rhyne Cotton Mill plus stock in nineteen mills He funded Lenoir Rhyne College earning the moniker grand old man of the college for his gifts dating to 1919 and continuing through later crises.
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Lincolnton
Daniel Efird Rhyne
Rhyne
First National Bank
Piedmont Wagon Company
Hickory
Lincoln
Gaston County
Laboratory
Lenoir Rhyne College
Lenoir College
Federal Guarantee To Bank Depositors Proposed By Economists
Five University of Richmond economists urged a federal guarantee of all bank deposits to restore confidence and speed recovery. They sent copies of the plan to Washington for the Harrison sub committee of the Senate finance committee.
MENTIONED IN THIS ARTICLE
Ann Arbor
Mich
University of Richmond
Washington
Harrison
Senate Finance Committee
Emergency Powers Given To Comptroller Of Banks
The Senate sent to the White House the Couzens bill granting the comptroller of the currency emergency powers over national banks. It becomes effective for six months with a presidential extension option, to be extended up to another six months. President Hoover is expected to sign promptly. Representative Stevenson explains that slow assets would be frozen and depositors could withdraw up to the bank’s liquid asset percentage, varying by state law.
MENTIONED IN THIS ARTICLE
Washington
Senate
White House
Couzens
House
Hate
Hoover
Stevenson
South Carolina
House Banking Committee
Baby Carriage Is Bootleg Carrier
Staunton authorities report a baby carriage used to transport illegal liquor has been seized. Police say the bootlegger used the disguise to move liquor during February. No injuries are reported.
Rainey Leads Washington Battle for Speakership
As the race for the new House speakership tightens Rainey of Illinois leads, with McDuffie of Alabama challenging and Burns of Tennessee seen as a possible compromise. Analysts say no candidate has first-ballot majority and shifts in support could reshape the lineup within days.
MENTIONED IN THIS ARTICLE
Washington
House
McDuffie
Alabama
Rainey
Illinois
Burns
Tennessee
Appropriations Committee
England Will Not Return To Gold Standard Yet
Birmingham February 25 Neville Chamberlain the chancellor of the exchequer reiterated Great Britain's determination not to return to the gold standard until satisfied it will work He said a substantial rise in wholesale prices of commodities is among the necessities for its functioning and success
MENTIONED IN THIS ARTICLE
Birmingham
Eng
Great Britain
Neville Chamberlain
Brackett Acquitted in Self-Defense Killing
A Morganton jury acquitted Rey Brackett on murder charges after he admitted killing his cousin Sylvester Jarrell in self defense last August.
MENTIONED IN THIS ARTICLE
Morganton
Rey Brackett
Sylvester Jarrell
Blood transfusion planned for Mayor Cermak in Miami
In Miami on February 25 AP reports Mayor Anton J. Cermak is to receive a blood transfusion of 400 to 500 cubic centimeters. Interne Dr. R. Sam Moseley of Montgomery Alabama will administer. Oxygen therapy was begun to ease his breathing and aid his heart. Senator Richey Graham and Mrs. Jirka visited the room with Dr Jirka stating the mayor remained quiet and responsive.
MENTIONED IN THIS ARTICLE
Miami
Fla
Frederick Tice
Anton J. Cermak
R. Sam Moseley
Montgomery
Ala
Emory University Medical School
Tice
Richey Graham
Frank Jirka
Cermak
Jirka
League Debates Concerted Arms Embargo on Japan
Geneva talks by the League of Nations committee consider a coordinated arms embargo on Japan amid Sino Japanese conflict. Britain says action must be international. invites United States and Russia to cooperate as the body waits for Japan to respond to a condemnation of its Manchurian policy.
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Japan
League
Geneva
League of Nations
Great Britain
Far East
Anthony Eden
United States
Russia
Paul Hymans
Assembly
Manchuria
China
State Relief Commission Proposed In Arndt's Bill
In Washington Bishop Cannon Jr and E L Crawford condemn dry state protection as worthless and urge defeat of the repeal amendment. They accuse William Allen Smith and Bourke Cochran of leading wet forces in past elections and warn that legalizing manufacture and sale would ruin dry territories. In Raleigh a bill to create a state relief commission and another to promote efficiency in public schools was introduced in the North Carolina General Assembly.
MENTIONED IN THIS ARTICLE
Washington
James Cannon, Jr
E. L. Crawford
Board of Temperance and Social Service
The
Methodist Episcopal Church, South
San Francisco
Tammany
Alfred Emmanuel Smith
Bourke Cochran
Smith
Raleigh
North Carolina General Assembly
Everett
Durham
Arndt
Catawba
House
Senate
Corporation Commission
Committee On the
Committee On Regulation of
Ohio Man Killed In Automobile Wreck Near Gaffney
Leo Simon of Payne Ohio died when an automobile overturned near Gaffney South Carolina. Otis Smith a U S Marine owner of the car escaped with minor injuries. Smith says he was sleeping as Simon who had been picked up at Greenville drove the car returning to Quantico Virginia after a furlough.
MENTIONED IN THIS ARTICLE
Gaffney
8. C
Leo Simon
Payne
Ohio
Otis Smith
U. 8 S. Marine
Smith
Simon
Greenville
Quantico
Rockmart
Reed Would Punish Republican Bolters in Senate
Senator Reed of Pennsylvania said he would press the next Republican caucus to strike from the rolls any member who supported Franklin D. Roosevelt in 1932. He cited Norris of Nebraska Lafollette of Wisconsin Johnson of California and Cutting of New Mexico as examples of bolters.
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Washington
Franklin D. Roosevelt
Reed
Pennsylvania
Senate
Norris
Nebraska
Lafollette
Wisconsin
Johnson
California
Cutting
New Mexico
British Isles Endure Widespread Snow Storm Toll and Disruptions
A severe snowstorm hit the British Isles causing seven deaths and many injuries. Rail, sea, and road travel faced major disruption with communications down and lamb losses reported. Ireland, Wales, and Yorkshire suffered most as a steamer and express train were stranded for hours.
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AP Presse
London
British Isles
Ireland
Wales
Yorkshire
Lairdsburn
Glasgow
Dublin
Great Western Railways
Fishguard
Carloadings Rise in Week Ending February 18
The American Railway Association reported total car loadings for the week ended February 18 reached 514 390 cars, up 13 070 from the prior week but 57 875 fewer than the same week in 1932.
MENTIONED IN THIS ARTICLE
Washington
American Railway Association
State question far from settled in Raleigh week of battle
The North Carolina legislature battles over a six or eight month state supported school term a sales tax and university funding. Leaders fear a 1931 style deadlock while House and Senate weigh terms votes and tax plans amid a three to three tussle on school appropriations and budget priorities.
MENTIONED IN THIS ARTICLE
Robert L. Thompson
Associated Press
Raleigh
Consolidated University
House
Senate
Joint Appropriations Committee
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Franklin
Yours
Dixie
Greensboro
Chattanooga
Frances Roberts
Wendell
N. C
University of North Carolina At Greensboro
Brookhaven
Earl Deane Brannon
Woodville
Whitworth College
Elizabeth Fox
University of Chattanooga
Daniel Rhyne
Staunton, Va
England
Brackett
State Relief Commission
Swindon
Holyhead
South Wales
Neyland
Pembrokeshire
House Finance Committee
Joint Committee On Education