Glass Bill Aims Broad Banking Reforms and Depositor Relief
A Senate bill by Senator Glass would aid depositors in closed banks and curb stock market lending. It allocates 200 million dollars to assist depositors, creates a liquidating body for closed banks, and imposes strict limits on affiliates and chain banks. The measure envisions state wide banking, an open market committee, and Forthright federal reserve supervision pending hearings.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Glass
Virginia
Banking and Currency Committee
Senate
Clase
Federal Reserve and National Bank
Treasury
Federal Reserve System
Fedral Reserve Banks
Federal Renue Board
House
Steagall
Walcott
Curtis
Garner
Wenntak- Walcott
Congress
Burns
Appropriations Committee
Treasury Mills
Federal Land Bank
New English Cabinet Stays In Office Despite Dispute
London cabinet split over tariffs but no resignation. Report on balance of trade backs a 10 to 15 percent tariff on imports. Liberals push free trade, Conservatives favor protection. Official communique notes unity amid global economic problems. Washington reports a $2 billion reconstruction finance bill advancing in Congress.
MENTIONED IN THIS ARTICLE
London
Great Britain
Committee
Disease Threat Compounds Suffering in Flood Refugee Camps
In Glendora Mississippi on January 22 refugees from the Ississippi delta face new disease risk as camps swell from flooding. Physicians patrol Sumner Webb Crowder areas amid reports of illness outbreaks while refugees endure porches hay piles and overcrowded shelters. Upper delta rivers Coldwater and Mahutchie pause but are expected to flood again in ten days.
MENTIONED IN THIS ARTICLE
Glendora
Miss
Ississippi
Sumner
Webb
Crowder
Sease
Ildiem
Mahutchie
Led Ae
Outside Buyers Aid City Notes Deal On Bank Case
Negotiations in New York and Philadelphia to sell the Commercial National Bank notes totaling 750000 to relieve the bank while allowing deposit access proceed conditionally. The move signals not abandonment of insolvency remedies but depends on the ongoing bank examination and deposit liquidity. No bank management statement was obtained.
MENTIONED IN THIS ARTICLE
New York
Philadelphia
Commercial National Bank
BE. M. Knox
Commercial National
Mrs Judd Faces Stress as State Witnesses Testify
In Phoenix January court scene the Winnie Ruth Judd trial advances with state witnesses detailing the Le Roi and Samuelson deaths. A prosecutor describes trunks, impersonation by Judd, and calls to Dr. Brown while the defense brace grows more nervous in the courtroom.
MENTIONED IN THIS ARTICLE
Joseph Catton
San Francisco
Reconstruction Finance bill to fund $500 million aid
Washington January 22 AP reports Chairman Byans of the appropriations committee introduced a bill to appropriate 500 million dollars for the Reconstruction Finance Corporation.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Reconstruction Finance Corporation
Senate
House
Charles Gates Dawes
Chicago
House Appropriations Committee
Congress
Byans
Appropriations Committee
Huey Long Leads Push for Louisiana Governor Ruling
A delegation led by Huey P. Long met privately with Louisiana Supreme Court justices in New Orleans to seek an immediate ruling on who is governor, aiming to settle the ongoing controversy.
MENTIONED IN THIS ARTICLE
New Orleans
Huey P. Long
State Supreme Court
Louisiana
Garner Signals Possible Vote on 18th Amendment and Volstead Act
Speaker Garner stated that a fair interpretation of the rules would allow a vote this session on both re submission of the 18th amendment and on modification of the Volstead act. The remark comes amid ongoing debates over prohibition measures and constitutional change.
MENTIONED IN THIS ARTICLE
Garner
Washington
Straw Berry Hijacking Stuns Chicago Street
Three men stopped a truck carrying 75 cases of strawberries driven by Gus Battaglia. They forced Battaglia to the curb and drove the truck away in a brazen street hijacking in Chicago.
MENTIONED IN THIS ARTICLE
Chicago
Gus Battaglia
Al Smith Supports Maintaining Dry Law With Reservations
New York January meeting of the hotel association hears Alfred E. Smith defend the dry amendment as final in the constitution though he says repeal is impossible. He suggests an additional amendment allowing states to regulate enforcement with voter approval. He cites 12 years of prohibition and a president commission report noting enforcement challenges.
MENTIONED IN THIS ARTICLE
al Smith
Dry Law
New York
Alfred E. Smith
Hotel Association of
Rebels Take Control Of Six Catalan Villages
Report from Madrid states forces occupied six villages in Catalonia including Manresa Merga Sallent Suria Cardona and Frigols with no resistance. The government calls it a communist rebellion centered in these towns.
MENTIONED IN THIS ARTICLE
Madrid
Catalonia
Manresa
Merga
Sallent
Suria
Cardona
Frigols
Crowley Dies in Sing Sing Electric Chair
Fran Two-Gun Crowley, a 20 year old cop killer nicknamed wise guy, was electrocuted in Sing Sing after being captured in New York. He faced his execution with a grin and asked to send his love to his mother as the body was turned over to his foster mother Mrs Anna Crowley. He refused a farewell visit from Helen Walsh who sat nearby in the rain.
MENTIONED IN THIS ARTICLE
Ossining
N. Y
Fran
Crowley
Sing Sing Ison
Soa
Helen Walsh
Long Island
Frederick Hirsch
Upper West Side
Sarge
Anna Crowley
Cotton Trade War Behind Scenes In Manchester England
Manchester reporters note a hidden battle among international cotton interests as Russia increases shipments to England. The Lancashire Cotton Corporation and British spinners expand imports to about 175000 bales by July 31 1931 with stock and consumption rising sharply.
MENTIONED IN THIS ARTICLE
Manchester
Eng
Liverpool Cotton Association
Liverpool
England
Sians
Russia
Lancashire Cotton Corporation
Lancashire
Bank of England
North Carolina Gov Gardner on national economic storm
Governor C Max Gardner returned from talks in New York and Washington saying North Carolina shares the nation’s economic distress but notes strong efforts by citizens and state government to adjust. He adds North Carolina felt panic late and had prepared plans to weather shrinking revenues.
MENTIONED IN THIS ARTICLE
Raleigh
N. C
North Carolina
C. Max Gardner
New York
Washington
Union
Wage Cut Panel Delays Decision On Rail Labor Plan
Chicago January 22 Labor leaders and railroad heads paused action on a 10 percent wage cut awaiting acceptance of a labor plan for unemployment relief. A jury of union chiefs will decide whether the 10 percent cut is better than a threatened 15 percent cut as railroads decline a guaranteed year of steady employment.
MENTIONED IN THIS ARTICLE
Chicago
David B. Robertson
Daniel Willard
Baltimore and Ohio
Canada liquor system condemned at North Carolina Anti-Saloon League meet
Ben Spence of Toronto and Washington challenged Canada’s government controlled liquor plan during the NC Anti-Saloon League biennial convention in Greensboro. He contrasted it with U S prohibition and urged officers be appointed rather than elected. Speakers include W D Upchurch O G Christgau E McNeill Patent and Johnston J Hayes with McBride unable to attend.
MENTIONED IN THIS ARTICLE
Greensboro
N. C
Canada
Ben Spence
Toronto
Washington
North Carolina Anti-Saloon League
Spence
League
United States
F. Scott McBride
O. G. Christgau
W. D. Upchurch
Asheville
Georgia
E. McNeill Patent
Raleigh
Johnston J. Hayes
Debtor Loots General Store as Foreclosure Letter Arrives
In Gyu la Hungary on January 22 a troubled shopkeeper hired a gypsy orchestra which played riotous music while he smashed all items in the store. He then pasted a foreclosure threat from the tax collector on the door.
MENTIONED IN THIS ARTICLE
Gyula
Hungary
Senate Defeat for Bingham Prohibition Referendum Plan
The Senate defeated the Bingham proposal to allow state referendums on repeal or modification of prohibition by a 55 to 15 vote. Opponents argued the resolution was meaningless and an attempt to pass the buck to states. The outcome provided the first liquor topic vote of the session but was not treated as a test of the prohibition issue.
MENTIONED IN THIS ARTICLE
Washington
Senate
Bingham
Negro Robber Killed In Running Gun Fight
In Charleston South Carolina two unidentified black robbers opened fire on three railroad detectives in Cooper yards. In the ensuing gun battle one of the robbers was killed while his companion fled. Detectives interrupted a freight car robbery and exchanged shots with the suspects.
MENTIONED IN THIS ARTICLE
Charleston
S. C
Cooper Yards
Here
Methodical Pair Of Bandits Get 15000 In Bank
Two armed bandits robbed the Springfield Atlantic bank in Jacksonville Florida stealing between 12000 and 15000. They entered through a rear window and restrained five employees including the cashier C. B. Campbell and his daughter Helen. The vault was opened by J. L. Sanders after being bound and gagged. Police freed the workers after the robbers fled.
MENTIONED IN THIS ARTICLE
Jacksonville
Springfield Atlantic
Sanders
Moody
Little Hope for Post Office Rate Hikes in 1920s
Washington date line reports the Post Office Department has abandoned hope for rate increases as part of deficit reduction. Assistant Postmaster General F A Tilton called the effort a dead issue and noted opposition in Congress to higher non local first class mail rates and resuming 1921 war measure rates on bulk second class matter.
MENTIONED IN THIS ARTICLE
Washington
Post Office Department
Treasury
F. A. Tilton
Brown
Congress
Escape from Georgia death cell shocks state prison
Leland Harvey and Jack Martin, serving sentences of life or more for highway robbery and murder, escaped from the death cell at Georgia State Prison in Milledgeville. They removed door rivets, tunneled through a brick wall, and fled through a heavy wire fence, possibly aided by a confederate in an automobile. Harvey had a long record of escapes and mutinies. Martin's crimes include murder.
MENTIONED IN THIS ARTICLE
Milledgeville
Leland Harvey
Jack Martin
State Penitentiary
Harvey
Martin
Fulton County
L. G. Hardman
Chicago
Also Mentioned on This Page
Reconstruction Corporation
Charles G. Dawes
Eugene Meyer
Federal Reserve Board
Finance Company
New Blood
U. S
North
Arizona
Dr. Catton
Byrns
Bill
Spain
Killer Crowley
U. 8
State Anti-Saloon League
Provinces
Bingham Bill
Jacksonville Institution
P. O. Department
Otto Woods
Death
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