11 Mar 1933
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Mar 11, 1933
Page
1
A damning portrait of fear as California shakes and a city crumbles. The piece contrasts distress with resilience noting the West Coast will recover quickly and the nation will help. It urges gratitude for survival and the need to repair the damage and rebuild wisely.
The House backed President Roosevelt's economy bill with Republican support offsetting Democratic defections by 14 votes. Senate finance committee favored the measure, while House consideration began. Senate delay was announced for next week.
Farmers seeking crop production loans under the 90lion-dollar fund are urged not to pay for loan preparation. J A Bell, Crop Production Loan Office inspector, cites federal law banning such fees and warns of fines or imprisonment for violators. Notarial and county lien recording fees remain.
Chicago cotton goods dealers report brisk sales as cotton prices climb with light duck at 3 cents higher than last week. Market observers expect a strong reaction in the cotton industry upon New York Exchange reopening with raw cotton at about 6.25 cents and possible 8 to 10 cent ranges. In Georgia and Virginia seven cent cotton is noted with spot sales 50 to 100 points higher, Augusta Norfolk and Savannah reporting several hundred bales traded over two days.
A weekend blaze in the 400 block on Main Street Little Rock destroyed the McCrory store and Frog Millinery company. The estimated loss stood at $30,000.
A special House committee approved the economy measure aimed at saving more than 500 million dollars. The plan would cut federal pay 15 percent for a year, with 383 million from veterans benefits and 120 to 130 million from salaries. It also authorizes changes to disability and death benefits and extends to pre Spanish American War veterans.
In Washington the article argues that the Democratic party is fully aligned with the president’s agenda, portraying the leadership as subordinate to the executive branch and describing the congressional caucus as a tool of centralized power.
Kiwanis speakers discuss the value of investigating questions before decisions. The program includes talks by Atkins Strassner and others urging informed citizenship and a hopeful outlook amid financial changes. The piece then shifts to a critique of King Caucus in Congress, detailing how Democratic leaders bind members to Roosevelt proposals and naming key House and Senate leaders.
In Knoxville Tennessee Willard Johnson waited at a bus stop when a loose cow wandered onto the road and was struck by a speeding car. The collision hurled the cow into Johnson pinning him and bruising his hip.
State Bank Commissioner Wasson said on Saturday that Arkansas banks are not expected to open on an unrestricted basis Monday. He indicated banks will remain closed as the financial system adjusts to the new rules. Huey Long favors the measure, saying it would break government, according to Robinson.
Senator Glass of Virginia told the senate that the federal government has no authority to prevent state banks from reopening, signaling a stance on banking policy amid postwar actions.
Deposit funds into new trust accounts, causing state banks to lack access to currency from the Federal Reserve. The arrangement leaves banks without fresh currency while reserves shift to the trust structure.
Treasury loosens rules to permit banks to subscribe to government obligations as Senate debates state bank deposits. President Roosevelt orders resumption of full banking for sound institutions likely Monday with 12 Federal Reserve banks allowed to issue secured loans while gold embargo remains.
Dr. W. Moore Scott of Little Rock will lead evangelistic services at First Presbyterian Church in Hope starting 7:30 p.m. Thursday March 16 with daily two services. The revival honors Dr. Anderson’s program, aided by Rev. Julian Green of Walnut Ridge and Booster choir, following past local hopes for community renewal.
Hope youths Ralph Pate Ted Womble and Billy Wimberly joined a 70 player baseball school in Little Rock run by manager Harry Strom of the Travelers. Strom planned four teams for Saturday match games and praised Pate for curveball control and confident demeanor.
In Long Beach California rescuers report a tentative recovery after the quake rocked the seaside city leaving gashes in buildings. Fog lifted to reveal still standing blocks and continued rumbling underscored the fragile recovery effort.
Three men died early in a plane crash near Santa Monica. The victims include Porter Chicago, a sportsman and pilot owner, Captain Charles Towne, field manager of the Santa Monica airport, and Police Sergeant Charles Morton.
The city reels from two earthquakes near Madrid, California, as thousands search morgues for missing loved ones. Rescue crews struggle amid collapsed buildings, looted stores, and breadlines while police and veterans guard the shattered streets and a $700,000 post office shows major damage.
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