Banks reopen plan signals new currency support
The Associated Press reports the Treasury will publish a list of banks allowed to reopen next week with government backing. Safe banks will issue new currency against their assets, while unsound banks stay shut. Roosevelt calls for budget cuts, and easing banking fears is seen as key to recovery as relief funds return to the public.
MENTIONED IN THIS ARTICLE
Associated Press
Federal Treasury
Roosevelt
Washington
West
Congress
Federal Reserve Banks
Woodin
The
Treasury
Tis Assurance
Federal Reserve System
Carter Glass
Virginia
Slayer of Cermak Sentenced to Death in Electric Chair
Giusepp e Zangara, the would be assassin of President Roosevelt, was sentenced to die in the electric chair for the murder of Chicago Mayor Anton J. Cermak. He taunted the court calling it a capitalist regime and said he was unafraid. The date of execution will be set by the governor.
MENTIONED IN THIS ARTICLE
Miami
Fla
Giuseppe Zangara
Roosevelt
Anton J. Cermak
Chicago
Zangara
A. O. Thompson
Best in History Says Futrell of Last Legislature
Gov Futrell hailed the 49th Arkansas legislature as the best in history as adjournment came. The session cut many appropriations to balance a strained budget while enacting reorganization across commissions and departments and expanding executive and regulatory powers.
MENTIONED IN THIS ARTICLE
Futrell
Little Rock
Ate
Govnor Futrell
Arkansas
Senate
House
Corporation Commission
Arkansas Railroad Commission
Arkansas Tax Commission
State Banking Department
Securities Division
Old
Railroad Commission
Department of Conservation
Department of Revenues
The
Auto License Division
State Patrol
State Highway Commission
Tourist Injured in Fallgate Wreck
Mrs. R. J. Keyes of Houston sustained minor facial and body cuts with possible internal injuries after a toll bridge collision at Fulton noon Friday. An eastbound driver from Pasadena, en route to New York, struck their parked car. she and Mr. Keyes’s son were unhurt while Mrs. Keyes was taken to Julia Chester hospital in a Hope Furniture ambulance. The extent of injuries remained undetermined by 2:30 p.m. Friday.
MENTIONED IN THIS ARTICLE
R. J. Keyes
Houston
Texas
Fulton Toll Bridge
Julia Chester Hospital
Hope Furniture Company
New York
Pasadena
Cal
Spoiled The Party In Cheyenne Police Nab Drunk Trio
In Cheyenne Wyoming Eugene McGee and two soldiers were arrested after two police officers stopped their car and found beer bottles slipping from the luggage carrier. The officers investigated and halted the party, detaining McGee and his companions.
MENTIONED IN THIS ARTICLE
Cheyenne
Wyo
Eugene McGee
McGee
New Low Price Chevrolet Standard Six Debuts for Fleet and Public
Chevrolet announces the Standard Six, a new entry designed to consolidate leadership with lower first and operating costs. The 107 inch wheelbase six features Fisher bodies, no draft ventilation, and a 60 hp valve in head six engine capable of 65 to 70 mph. Public display planned Saturday in Hope at Young Chevrolet with 15,000 units pre‑scheduled for dealer delivery.
MENTIONED IN THIS ARTICLE
Chevrolet
Hope
Young Chevrolet Company
Fishes
Fisher
Four men repulsed in Doddridge bank raid
Texarkana dispatch reports four men attempted to rob the State Bank of Doddridge late Thursday night 25 miles south of Texarkana. The attempt was frustrated by pistol fire from cashier Duty and one assailant is believed wounded. Police seek the four suspects Friday as officers investigate the botched robbery.
MENTIONED IN THIS ARTICLE
Texarkana
Doddridge
Here
Freeze Forecast Hits Southwest Arkansas Friday Night
A new cold wave grips southwest Arkansas with temperatures near freezing. Official records at the Fruit & Truck Experiment Station show 32 degrees between Thursday night and Friday morning while forecasts call for freezing or below Friday night with a warming trend Saturday.
MENTIONED IN THIS ARTICLE
Arkansas
Fruit & Truck Experiment Station
Associated Press
Hope
North China Army Reorganizes Under Chiang Kai-Shek
Nationalist government accepts Chang Hsiao Liang’s resignation as North China military commander and blames him for Jehol loss. Chiang Kai-Shek takes command, sending fresh troops to Kupeikow Pass near the Great Wall as Japanese forces under Tadashi Kawahara occupy Kupeikow, sixty five miles from Peiping.
MENTIONED IN THIS ARTICLE
Associated Press
Chang Hsiao Liang
China
Chang
Jehol
Chiang Kai-Shek
Kupeikow Pass
Great Wall
Chinchow
Manchuria
Tadashi Kawahara
Kupeikow
Peiping
Pekin
Kidnap Suspect Exonerated After Identification Attempt
Ben French, held in jail here, was not identified by the Louisiana salesman as one of three highwaymen who kidnapped him and robbed his car near Alexandria. O House, who was abducted Monday night, arrived with a deputy sheriff and confirmed French’s innocence.
MENTIONED IN THIS ARTICLE
Ben French
Louisiana
Alexandria
French
O. House
Howse
Dillard
Saratoga
Hope
el Dorado
Rogers Dies at Shover Springs in brief funeral notice
Funeral services for William Rogers, 68, of Shover Springs were held Friday at 2 p.m. at the local church. The Rev. Wallace R. Rogers of Hope officiated. Born January 18, 1865 in Douglasville Georgia, he moved to the area at 17 and married Emma Garner at 23, with eight sons and one daughter reported.
MENTIONED IN THIS ARTICLE
Willian Rogers
Shover Springs
Wallace R. Rogers
Hope
Mr. Rogers
Douglasville
Emma Garmer
Fire-Bug Threat Stopped by Grand Jury in Malvern
Malvern fire chief Dick Barlow described how 14 vacant houses burned last fall were stopped by a grand jury investigation and guard actions. He recounted near-death bomb incidents, guard duties for a week, and insured losses trimmed after alerting the State Fire Prevention Bureau.
MENTIONED IN THIS ARTICLE
Malvern
Hope Rotary Club
Dick Barlow
Malvern Fire Department
John Barlow
Ope
Barlow
Hope
Hot Spring
Chief Barlow
Grand Jury
State Fire Prevention Bureau
E. F. McFaddin
Alex. H. Washburn
Fire at Wilson Home on North Ferguson Street
Firemen answered the first alarm in about two weeks to the J. H. Wilson residence on North Ferguson Street at 10 30 Friday morning. A defective chimney starter caused the roof fire and the blaze was quickly extinguished with little damage reported.
MENTIONED IN THIS ARTICLE
Ferguson Street
J. H. Wilson
North Ferguson Street
Wilson
U S Reserve to Open Monday
President Roosevelt delegated Treasury power to reopen banks under government supervision. Federal Reserve banks will issue licenses. state banks must pass asset exams and follow a state plan. Banks hold a nationwide holiday but expect expanded currency for Monday reopenings as gold flows and scrip circulate.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Secretary of the Treasury
Federal Reserve
Federal Reserve System
How Nation Emerged From Former Crisis
How the nation recovered from past depressions shows a pattern of reliance on both gradual signals of recovery and deliberate policy. From 1819 land debt relief to the independent treasury after 1837, to westward expansion in 1879 and gold discoveries abroad and reform programs, the cycle shifts as markets stabilize and production rises. The piece stresses recovery was under way before broad realization and rewards conscious action.
MENTIONED IN THIS ARTICLE
Washington
United States
Congress
Treasury
Bank of the
South Africa
Cripple Creek
Col
McKinley
India
Chicago
Son of Roosevelt Visits Hope Friday
Elliott Roosevelt son of the president visits Hope en route to Arizona staying briefly with Ralph Hitchcock. He plans to work on a ranch in Tuscon, preferring independent living over a Washington lobbyist position.
MENTIONED IN THIS ARTICLE
Son of Roosevelt
Hope
Elliott
Ranch
Tuscon
Arizona
Elliott Roosevelt
Tuscon, Ariz
Washington
Little Rock
Roosevelt
Hitchcock
John C. Greenway
Greenway
New York
Roosevelt Seeks Emergency Budget Cuts and Bank Reforms
President asks Congress for authority to cut veterans' benefits and government salaries to balance a def icit near 1.2 billion dollars as emergency action. He pledges fairness and urges swift action amid fiscal danger. The second item notes Congress granting broad power over banks to reopen about 5,000 institutions and implement new currency measures.
MENTIONED IN THIS ARTICLE
Washington
Congress
Also Mentioned on This Page
America
Cermak
Florida
Fallgate
Fulton Bridge
Flapper
Fanny
Doddridge Bank
North China Army
Chiang
O. Howse
Alexandria, la
W. S. Rogers
Hope Rotary
U. S. Reserve
Ma Action No Up
Wasson
Federal. Reserve
Willis Thornton
Reserve
Exchange Ific
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