Roosevelt Aims to Send Special Message to Congress
President Roosevelt and aides worked through the day preparing a special message to Congress on farm relief and unemployment. The Senate debated the economy bill as the finance committee advanced the 3.32 percent beer measure. Unofficial talks with foreign wheat producers seek to limit production and raise prices. Frances Perkins led data gathering for relief plans while figures for the general bill remained undecided.
MENTIONED IN THIS ARTICLE
Washington
Mar
Congress
Senate
House
White House
Roosevelt
Wallace
Legislative
Rainey
Frances Perkins
Labor
Inquirers
Workers Return to Jobs In Two Mills In Burlington Area
In Burlington area two textile mills saw workers resume posts after a strike action. Standard mills remained idle while 600 workers were idle at one plant. Strikers pledged no disruption. they seek moral and financial support if needed.
MENTIONED IN THIS ARTICLE
Burlington
Mar
Standard Mills
Standard
Supreme Court Rules Bank Trust Funds as Preferred Claims
North Carolina supreme court ruled that funds held in trust by a bank at failure are a preferred claim. The bench decided 28 opinions in 17 bank cases, including 12 on preferred claims against the defunct Central Bank and Trust of Asheville. One Asheville case found no preferred claim, involving a cashier’s check for $204,333.83 from Buncombe Board of Education for New York school bonds.
MENTIONED IN THIS ARTICLE
Raleigh
Mar
North Carolina Supreme Court
High Tribunal
Central Bank and Trust Company of
Asheville
Buncombe Coin Board of Education
New York
Senate Beer Bill Wins Senate Finance Committee Approval
The House beer bill moves toward final passage after a favorable report from the Senate finance committee. An amendment to legalize wine and fruit juices at 3.2 percent alcohol mirrors beer limits. The measure, approved without a record vote in executive session, aims for Senate debate tomorrow and a White House signature by week’s end.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
Roosevelt
Harrison
Senate
White House
Bankers Hours Not So Short As Banks Reopen Nationwide
Banks push to resume normal operations with many centers working late into the night. Over 1,500 banks opened in the first two days, impacting agricultural trade and delaying exchange renewals in Chicago and New Orleans. Tax deadline moved to March 31 and gold returns exceed $300 million nationwide as districts expand openings to spur business.
MENTIONED IN THIS ARTICLE
New York
Mar
Federal Reserve Bank
Chicago Board of Trade
New Orleans Cotton Exchange
National Bank
Bureau of Internal Revenue
Federal Reserve Banks
Treasury Department
Nation's Banks Reopen Nationwide After Emergency
The banking system resumed functioning today on near normal lines as Roosevelt’s reopening plan extended to most regions. The New York Stock Exchange reopened with leaders up one to four points amid brisk trading. deposits still outpace withdrawals and restrictions eased, with Massachusetts raising savings withdrawal limits and people declaring the crisis passed.
MENTIONED IN THIS ARTICLE
Roosevelt
Federal Reserve District
New York Stock Exchange
Chicago Exchange
Chicago Board of Trade
Michigan
Massachusetts
Tornado kills 36 in Tennessee Kentucky region across states
A tornado sweeping the Tennessee Kentucky border left 36 dead and more than 200 injured from Mississippi to the Cumberland mountains. It hit Nashville hardest, with at least 10 fatalities, and damaged East Nashville as rescue crews searched wreckage. The storm swept through Lebanon Harrogate Jellico and Caruthersville with fires breaking out amid collapsed buildings and downed power lines. The crisis prompted national guard deployment and widespread casualties across several towns.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
Mar
Tennessee-Kentucky
Mississippi
Cumberland Mountains
Arkansas
Missouri
Tennessee
Kentucky
Lebanon
Harrogate
Jellico
Prudent
Kingsport
Bellwood
Rogersville
Oswego
Millpoint
O i
National Guard
Caruthersville
Middle Tennessee
Pruden
Roosevelt authority debate sparks wartime rhetoric in letter
A letter from Sants Monica California dated March 14 expresses extreme support for broad presidential power, even drastic actions, to handle wartime demands. The writer endorses Roosevelt taking control beyond Congress and uses jingoistic phrases to urge decisive measures.
New York Banker Harriman Held on Charge
Joseph W. Harriman a prominent banker was arrested in a dramatic sickroom scene on charges of misusing funds totaling 1 393 000. United States attorney George Z Medalie said the case would go to a federal grand jury before Harriman's arraignment set for March 28. He is accused of charging 320 145 to three depositors for stock purchases they knew nothing about.
MENTIONED IN THIS ARTICLE
New York
Joseph W. Harriman
United States
George Z. Medalie
Harriman
Harriman National Bank and Trust Company
No Extension For North Carolina Income Tax Filing
Raleigh March 15. No blanket extension of the time limit for filing state income tax returns will be granted. Returns filed during March will not be penalized beyond interest after March 15, according to A. J. Maxwell, State Revenue Commissioner, aligning with federal extension actions.
MENTIONED IN THIS ARTICLE
Raleigh
Maxwell
Commissioner of Revenue
State Department of Revenue
Banks Reopen in North Carolina Under Federal Guidelines
North Carolina bank reopening begins with 64 state banks cleared to resume unrestricted business today as of March 15 in Raleigh. List carefuly notes incomplete status and advises not to judge unlisted banks’ soundness. many institutions across cities including Durham, Goldsboro, Concord, Raleigh, Wilmington, and Greenville resume operations with limited federal restrictions.
MENTIONED IN THIS ARTICLE
Raleigh
Mar
North Carolina
Gurney P. Hood
Hood
Durham Industrial Bank
Durham
Bank of Wayne
Goldsboro
Bank of Raeford
Raeford
Citizens Bank and Trust Company
Concord
Bank of Pine
Burlington
Fidelity Bank
Morris Plan Industrial Bank
Bank of Harnett
Erwin
People Bank and Trust Company
Rocky Mount
Bank of Randolph
Asheboro
Bank of Fuquay
Fuquay Springs
Durham Loan and Trust Company
Home Savings Bank
Morris Plan Bank
Wilmington
Wilmington Savings and Trust Company
Bank of Clyde
Clyde
Banking and Trust Company
Wilson
Plymouth
Selma
Williamston
Kinston
Warsaw
New Bern
Fayetteville
Elm City
Bank of Mount Holly
Mount Holly
Bank of Robersonville
Robersonville
State Bank and Trust Company of
Greenville
Bank of China Grove
China Grove
State Bank
Laurinburg
Hood System Industrial Bank of
Bank of Chapel Hill
Chapel Hill
Bank of Magnolia
Magnolia
Bank of Four Oaks
Four Oaks
Bank of Broadway
Broadway
Greenville Banking and Trust Company
Bethel
Belhaven
Snow Hill
Hood Industrial Bank
Farmers and Merchants Bank
Hillsboro
Peoples Savings Bank and Trust Company
Bank of Winterville
Winterville
Mechanics and Farmers Bank
Citizens Bank
Micro
Chatham Bank
Siler City
Waccamaw Bank and Trust Company
Whiteville
Union Bank and Trust Company
Oxford
Polk County Bank and Trust
State Banking Department
Dehe
Daniels To Take Over Post Soon
Josephus Daniels newly appointed ambassador to Mexico conferred with President Roosevelt and said he would leave for his post in about three weeks. He planned to call on Mexican ambassador Gonzalez Roa and depart for Raleigh tonight before returning to study at the State Department.
MENTIONED IN THIS ARTICLE
Washington
Mar
Josephus Daniels
Mexico
Roosevelt
Gonzalez Roa
Raleigh
Daniels
State Department
Arthur Bliss Lane
Mexico City
Dan Jielg
Long Beach Seeks Aid for Private Dwellings After Earthquake
Long Beach civic groups plan to petition Congress to amend the Reconstruction Finance Corporation act to finance private home restoration after recent earthquakes. Estimated private home damage runs about 25 million dollars as the Red Cross and federal funds provide limited relief and current claims challenge financial ability to rebuild. The report also covers North Carolina veto power debates and tax measures in Raleigh.
MENTIONED IN THIS ARTICLE
Long Beach
Cal
Congress
Reconstruction Finance Corporation Act
Huntington Park
Red Cross
Wall Street welcomes return of trading after reopening
Wall Street greeted the resumption of unrestricted trading after the March 3 closure as stocks rose $1 to $7 in early trading and clung to gains. Bonds lagged, while commodities like sugar and silver posted fair gains. Major names including United States Steel and General Motors opened well above prior closes amid an optimistic mood.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Cotton Exchange
Chicago Board of Trade
Winnipeg
New York Stock Exchange
Shorts
United States Steel
American Telephone
American Can
du Pont
General Motors
Standard Oil of New Jersey
Pennsylvania Railroad
Atchison Railroad
Pacer
Owens Illinois Glass
Patie
Aes
Coutation National Distillers Prs
Roe
U. S
Prigerrbie
Also Mentioned on This Page
Bureau of Engraving
Washington Monument
Central Bank of
By Dale Harrison
Twister
Yours
Will
N.Y. Banker
N. C
O. K
Seale O& Saht
Kentucky Bank
R. F
State Senate
Moore
Craven
Doughton
Alleghany
Polk County
Massenburg
Everett
John L. Cooley
AP Financial
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