06 Mar 1933
Page 1
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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Mar 06, 1933
Page
1
Here and There editorial by Alex H. Washburn notes Roosevelt’s inaugural remarks as a decisive blow against the panic frightening Americans. The piece frames the president’s speech amid the crisis and seeks to reassure the public.
Chicago mayor Anton Cermak died at 6 57 am after being shot in Miami February 15 amid reports the attack aimed at President Roosevelt. He succumbed to gangrene from chest wound with family at his bedside and survivors reflecting on banking crisis and federal policy shifts.
Governor Futrell seeks power to issue scrip via a governor backed board spanning banks and loan associations. Bill would grant emergency decree authority from federal government and create an advisory three member panel. House defeats tax on commercial trucks and gasoline. University of Arkansas funding passes. Clergy calls and editorial corrections noted amid a weekly crime feature tease.
Franklin D. Roosevelt takes the oath of office before Chief Justice Hughes to lead the United States in a time of national crisis. Mrs Roosevelt, Senator Joe Robinson, and son James stand nearby with Herbert Hoover in attendance.
Circuit clerk Dale Jones released the April term jury roster listing grand jurors including F F Turner Hugh Garner J L Jamison Theo P Witt Willis Cobb Bob Mayon and others from Hope Patmos Ozan Columbus and Prescott Alternates and petit jurors named include Oscer Rider Kuren Reed Edward Boyce Jesse Butler and Emmet Powell from Patmos and nearby towns.
Chief Justice Jessee C. Hart of the Arkansas Supreme Court died Monday in a tuberculosis sanatorium in Booneville at age 68. The bulletin lists several residents from Hope Fulton Washington Belton and Bingen among others, noting route and local names.
Thieves robbed two bulk oil stations near the airport on Sunday night, stealing tires tubes and oil valued over 200 dollars. A truck was stolen from one station and found in a ditch. break in involved hack sawed locks, broken windows and ransacked offices. Loreco plant losses included batteries paint and 16 tires with five tubes missing.
A. A. Gentry, Hope municipal judge and former state senator, was appointed state insurance commissioner and fire marshal by Governor Futrell. The senate may confirm the appointment at 2 pm. Joe T. Robinson of Arkansas was reselected Democratic leader of the senate at the caucus Monday afternoon.
Banks nationwide closed Monday as plans to resume business moved forward. Minnesota and New Mexico petitioned the federal government to reopen, and the New York Clearing House had scrip ready for rationed payments, with Tuesday morning seen as likely for bank openings.
The New York Clearing House plans scrip issuance Tuesday morning but southern banks including Hope Arkansas and other western banks likely stay closed for another day or two. State capitals must relay orders, scrip machinery set up takes days, and Little Rock will trigger the opening index with no fixed date. The banking holiday halts dollar quotes worldwide and keeps markets under close watch.
Secretary Woodin stated that national pay rolls must be funded and that if needed, current bank cash issuance limits could be eased to allow payments. The comment comes as economic strain prompts reevaluation of monetary controls.
Robinson of Arkansas said the extra session would approve Roosevelt's emergency banking program and then recess briefly to develop a general banking plan, as reported Monday.
Former President Hoover from the Waldorf Astoria called for wholehearted support of President Roosevelt's plan to meet the banking and economic crisis urging every citizen to give earnest support and cooperation.
President Roosevelt, invoking wartime authority, orders a four day bank holiday to halt gold and silver exports, bars foreign earmarking, and authorizes clearing house certificates as emergency currency. Treasury cash windows and Federal Reserve banks close. gold redemptions halted.
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