Senate Democrats Back Economy Program And Banking Bills
The Senate banking committee approved the Robinson bill to let state banks borrow directly from the federal reserve system for one year and referred Glass subcommittee bills on federally guaranteed bank deposit insurance funds. The Bulkley bill allowing banks reorganizing under emergency law to issue notes and debentures was also approved.
MENTIONED IN THIS ARTICLE
Washington
Mar
Federal Reserve System
Senate Banking Committee
Glass
McAdoo
Vandenberg
Fletcher
Robinson
Arkansas
Tax law changes split exemptions by marriage date
The text explains 1932 changes to income tax status for marriages. Exemption amounts vary by marital status and month of wedding. A June marriage yields half year exemptions of 500 as single and 1250 as married, totaling 750.
One Thousand Banks Open Today Nationwide Recovery
At least 1,000 banking institutions across the United States resumed normal business today under federal and state licenses. More banks reopened yesterday and many more will restart tomorrow. The tally includes federal reserve members, state and commercial banks, savings banks and private banks, though the San Francisco district figure was not available. Many banks operated under restrictions awaiting approval.
MENTIONED IN THIS ARTICLE
United States
Federal Reserve
Reserve
San Francisco
Rayne Estate Left to Ten Beneficiaries under Will
The estate of Daniel E. Rhyne, textile manufacturer and philanthropist, valued at 3 to 4 million under normal conditions, will be distributed among his brothers and sisters once appraisal and a full beneficiary list are completed. Rhyne, known as the grand old man of Lenoir Rhyne college, died recently after hospitalization and illness. he was a bachelor with several half and full siblings, some of whom have died.
MENTIONED IN THIS ARTICLE
Daniel E. Rhyne
Rhyne
Lenoir-Rhyne College
Alvarez fined for brass work ordinance violation
F. J. Alvarez was fined $15 for violating a brass workers ordinance and paid $20 in gold to the clerk. The brass worker received $5 change, but not in gold, under the court order released at Rock Hill.
MENTIONED IN THIS ARTICLE
Rock Hill
8. C
F. J. Alvarez
Alvarez
Police Seek Robbers After Sunday Heist at Service Co
Police mobilize to arrest thieves who robbed the American Service Company safe in Newton. The break in yielded 110 dollars in cash and 1500 dollars in securities.
MENTIONED IN THIS ARTICLE
Newton
American Service Company
Banks In Four N. C. Cities Resume Operations Today
Banks in Charlotte Raleigh Winston Salem and Asheville reopen under federal guidance amid a broader plan to stabilize banks. Four unaffiliated banks in Charlotte resume operations while Wachovia Bank and Trust open in Winston-Salem Raleigh and Asheville.
MENTIONED IN THIS ARTICLE
N. C
North Carolina
Rogevelt
Woodin
Charlotte
Raleigh
Winston-Salem
Asheville
Federal Reserve Bank of
Richmond
Wachovia Bank and Trust Company
American Trust Company
Charlotte National Bank
The
Commercial National Bank
Union National Bank
Lea and Son Granted Habeas Corpus Writ in Clarksville
Col Luke Lea and his son Luke Lea Jr were arrested in Clarksville Tennessee and granted a writ of habeas corpus by County Judge John T Cunningham with a hearing set for 10 A M Monday. The Leas face North Carolina banking law violation sentences and were jailed separate while awaiting proceedings.
MENTIONED IN THIS ARTICLE
Clarksville
Tenn
Luke Lea
Nashville
United States
John T. Cunningham
Lea
North Carolina
Hill McAlister
Tar Heel
Cunningham
Leas
Angle
Montgomery County
W. B. Beaumont
Central Bank and Trust Company
State
Lea, Jr
W. E. Beaumont
Laurence B. Brown
Frank Lakey
Asheville
A. A. F. Seawell
Zeb V. Nettles
Collier Goodlett
Allen Brown
Lea and
UNC Spring Quarter Registration Figures Lag Winter
The University of North Carolina opened its spring quarter with registration figures about 100 short of the winter quarter with more additions expected later this week.
MENTIONED IN THIS ARTICLE
Chapel Hill
University of North Carolina
Naming Of Conservators For Large Banks
Secretary Woodin said conservators for banks of high repute do not prove difficulties. He explained the move ensures apple pie order pending reorganization or other necessary steps, amid complexities including affiliate enterprises and deposit behavior.
MENTIONED IN THIS ARTICLE
Washington
Mar
Woodin
First National Bank of Thomasville to Open Under Fed Authority
Special to the Enterprise reports the First National Bank of Thomasville will open tomorrow for full banking service under authorization from the Federal Reserve Bank of Richmond. A telegram from GEORGE J. GARY confirms the Treasury license to operate on March 16 with usual functions except gold payments.
MENTIONED IN THIS ARTICLE
Thomasville
First National Bank of
Federal Reserve Bank of Richmond
Warassistant
Secretary of the Treasury
George J. Gary
Prohibition repeal bill killed in state House
Raleigh March 14 7 The house today killed the Cover bill to repeal the states prohibition laws by a vote of 72 to 35 when it defeated a motion to ac.
MENTIONED IN THIS ARTICLE
Raleigh
House
Beer Bill Expected To Be Passed This Week
Speaker Rainey said the beer bill would pass the House before adjournment and Senate leaders planned to push the legislation for the President to sign this week. The Ways and Means Committee approved the Cullen bill for a 3.2 percent brew with distribution details left to states and sale restrictions on minors.
MENTIONED IN THIS ARTICLE
Washington
Mar
Rainey
House
Senate
Roosevelt
Bailey
Ways and Means Committee
White House
Ashurst
Senate Judiciary Committee
Ways and Means
Cullen
McCormack
Massachusetts
Strikers Drive Workers From Burlington Mills
More than 1,000 workers in three Burlington textile mills were ordered to quit by a 150 strong group of strikers and sympathizers. The Standard mill, Pickett Hosiery, and Whitehead Hosiery saw large walkouts, with 700 driven from Standard and 75 percent forced from Pickett. Whitehead workers largely returned to work. No arrests reported as officials observed the peaceful action tied to earlier wage dispute leadership dismissals.
MENTIONED IN THIS ARTICLE
Burlington
Mar
Lye
Standard Mill
Pickett Hosiery
Whitehead
Standard
John B. Helm
Guy Alexander
Floyd Amick
May
Fewer Job Seekers Reported in Charlotte County
County officials said that fewer persons applied for jobs here last week than in several months, indicating passing of the peak load.
MENTIONED IN THIS ARTICLE
Charlotte
Weary Uncle Samuel Becomes Samson as Trade Rebounds
AP reporting a bank holiday recovery across the United States as Federal Reserve districts reopen. New York deposits exceeded withdrawals with a single $11 million deposit and strong check use. Department stores run brisk sales and leather shoe promos attract thousands. Banks in many cities begin reopening under Roosevelt’s plan.
MENTIONED IN THIS ARTICLE
Samuel
Samson
Federal Reserve System
Federal Reserv
New York
Prohibition Dominates North Carolina Senate Action
Raleigh March 14 Prohibition again drew attention as the House killed the Cover bill repealing dry laws and a joint committee planned a public hearing on constitutional amendments to consider a Blaine repeal resolution. The Senate opened debate on a constitutional rewrite while adjourned without action. City leaders prepared to push against a state convention seeking a federal repeal resolution.
MENTIONED IN THIS ARTICLE
Raleigh
Mar
North Carolina
House
Senate
Democrats Move To Back Roosevelt Economy Plan
Senate Democrats in caucus backed the president's economy program but kept room to amend it. The group failed to bind the 58 Democrats to the bill as drawn, as many wished freedom to vote for changes. No roll call was taken in the caucus, the first since a new rule requires a majority of members to support a proposal. Leaders expect passage with possible amendments.
MENTIONED IN THIS ARTICLE
Washington
Mar
Senate
Democrats
Roosevelt
Robinson
Arkansas
Roosevelt Speech Teaches Simplicity in Banking Talk
In Santa Monica on March 13, President Roosevelt delivered a plainspoken address on banking. The writer praises how he clarified a dry subject, advising radio announcers and speakers to leave excess vocabulary at home and communicate clearly to bankers and the public.
MENTIONED IN THIS ARTICLE
Santa Monica
Calif
Roosevelt
Rehabilitation Begins In quake-ridden California
Long Beach, California, March 14. Banks able to reopen with inspections plan to start at 10 a m removing restrictions to aid a partially paralyzed community. Bread lines shorten as bank openings allow withdrawals and residents cope with gas outages and limited cooking options. Authorities ban sightseers to aid rehabilitation as residents abandon tents and many plan to return east and midwest after the quake.
MENTIONED IN THIS ARTICLE
Long Beach
Cal
Mar
James Rolph, Jr
Also Mentioned on This Page
Banking Committee
Rayne
SREK
Bond
Joe
Edward P. Costigan
Colorado
Robert F. Wagner
Robert M. LaFollette, Jr
Wisconsin
Murphy
Bill
Grant
Dale Harrison
Uncle Samson
Sam
Federal Reserve Bank
Conway
Raleigh, Mar
California
East
Middle West
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