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View Sample Pages : Mason City Globe Gazette, March 06, 1933

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Mason City Globe-Gazette (Newspaper) - March 6, 1933, Mason City, Iowa ISUL DEATH CLAIMS GERMAK AT LAST North Iowas DAILY PAPER Edited for the Home a VOL XXXIX FIVE CENTS A COPY ASSOCIATED PRESS LEASED WIRE SERVICE THE NEWSPAPER THAT MAKES ALL NORTH IOWANS NEIGHBORS E EDITION MASON CITY IOWA MONDAY MARCH 6 1933 THIS PAPER CONSISTS OF TWO SECTIONS SECTION ONK NO 130 GOVERNORS INDORSE ROOSEVELT ACT IOWA BANKS NOT TO OPEN DOORS BEFORE FRIDAY Andrew Says Banks Must Open on Restricted Payment Basis DES MOINES March 6 Iowas bank holiday will be effect ive until the ban on withdrawals from New York and Chicago banks is lifted Lieut Gov N G Kraschel said today Many reserves of Iowa banks are held by national in Chi cago and New York Kraschel said Until those reserves are available Iowa banks that were opened would be exposed to the dangers of with drawals particularly by business organizations which might wish to money from Iowa deposits for use in other states It was indicated the Iowa situa tion will continue unchanged at least until Friday the earliest date when congressional action could lift the ban Told Not to Open A R Robinson assistant cashier of the bank at Anita were or dered not to open today Reopening of the banks of the nation must be on a restricted pay ment basis L A Andrew state su perintendent of banking said to day There is no question he said in a formal statement that when the banks of the country reopen it must bo on a restricted payment basis and with the use in many cities of banking scrip consisting of clearing house nertifcates Scrip for Cities Such scrip he asserted will pro vide a circulating medium for cities in which it is issued The scrip he said is a promise to pay all of the banks In a clear ing house and has behind it gooc assets to cover the entire issue Calling upon the public to face facts even if unpleasant he said the present banking crisis should re sult in the cleaning up of banking institutions Iowa with its new law providing for supervision and operation of banks by the state banking depart ment has set the pace for the rest of the country he said Cannot Be Collected The country now recognizes as fowa did some time ago that there is a large volume of bank assets which cannot be collected at the present time on present prices nnd that there must be a stabilization for the benefit of both depositors and debtors With practically all banks the country closed under order the president he asserted that cooper ation of all depositors will be need ed in restoring confidence It ia particularly unfortunate he said That the federal reserve system has fallen down so complete ly as it was expected that this in stitution would save us from the crisis which has happened AUNT HET By Robert Quiilen Their honeymoons over He dont set around the kitchen in the way while shes gettin breakfast Nation Calm Tall Stories Going Rounds By RAYMOND CROWLEY NEW YORK March 6 grins and tall stories were on the lips of Americans today as they went to a well they had not tappet since war days It was a well of extra resource fulness of ingenuity of gooc hu mor Human life in spite of shortage of cash was findingways of carrying it has a way of doing always Even before President Roosevelt clothing himself with the powers of a wartime law took quick steps preparing the way for scrip the idea of scrip was racing through the country and communities in many scattered sections were arranging to have it printed Ask Butlers for Dimes Tales of millionaires beseeching butlers for a spare dime of folk with bills being snubbed oy change guarding clerks wont the rounds Ladles who used to talk about their operations oow had a new how that nasty gro cer man would not give them change for 520 when they bought a 10 cent can of beans Prom the top to the bottom of the social scale people facing in convenience grinned and bore it few hours out oE the white house found himself with only a small amount of was gettin along Governor Plnchot Pennsyl vania had just S5 cents in his jeans but there was gasoline enough in the gubernatorial motor to carry him back home from Washington OaUio Issues Scrip The movie folks in Hollywood had their fun That wag Jack Oakic is sued hio own scrip reading Com pliments of Jack Oakie who owes you blank dollars and hopes you get it At Dallas Texas Bernice Claire and Alexander Gray musical com edy artists arranged to pay their hotel bill by singing for other guests Like millions of others they have it is in banks A New York hotel finding itself short of cash sent a messenger to churches to gather the contents of collection plates Business on Broadway boomed as some theaters accepted checks for tickets Sub ways had a plentiful supply of nickels for the time being but were considering what to do about scrip You cant put it in a turnstile Telegraph Wires Mum Railroads hotels and airplane lines in many cases took checks from well known customers A Pasadena hotel besieged by mil lionaires without the price of a shave started to print its own scrip Telegraph wires hummed as people sent cash to relatives New Yorkers laughed when naive businessman complained that his bank should have warned him it was going to close so he could draw out a little change for his till But in a Chicago suburb a bank had done just that John M Nichols president of the bank which advertises that when plainer statements are made we will make them said Drew In Advance Weve been telling people who PHOTOS IN LIFE OF MAYOR CERMAK iin i T Vnton Ccrnlal oi Chicago who died ns the result of an ns asked about the possibility of a mor atorium to come in and withdraw funds to tide them over A lot did and then thanked us Automat managers debated a weighty to prevent people from changing hills into nickels and then going out without eating Police In many cities ar ranged to allow people to place their money in station houses for safe keeping In New York the Daily New fixed it so that boxing fans could pay for 50 cent tickets to tonights gloves semifinals by pros merchandise instead of cash Anything from cans of tomatoes to Brassieres was the cash he fan had to have was a nickel for the tax Many department stores urged customers to of charge accounts make full use Moratorium nt Churcli MILWAUKEE March 6 Some of the citys churches decided to have a moratorium on passing he plate Sunday because of the bank holiday Hitler Expected to Rule Germany With Iron Hand Reichstag May Adjourn for Two Years After Nazi Election Victory By E BROCKMANN BERLIN reichstag March 6 the all likelihood will ad journ for two years after a brio session is the opinion in government circles after the national socialist landslide in the reichslag and Prus sian uiet elections yesterday gave the national government a decisive majority The cabinet will meet Tuesday to set the date for the reichstag con vocation The electoral indorsement of the Hitler governments nationalistic revolution with its policy of sup pressing communists and socialists leaves no doubt that the next few months will be devoted to wiping out the last vestiges of both democ racy and communism Comprise largest Group Hitlers nazis will comprise the largest group ever sent to a german parliament the final tabulation giv ing them 288 seats In a reichstag with 647 Their nationalist allies got 52 seats They got 17264000 and 3131000 votes respectively of the 38290000 cast If the communists are ruled out as Is expected Chancellor Hitler will dominate the situation entirely the nazis thus obtaining clear ma jorities on both the relchatag and the Prussian diet The nazis and na tionalists won 43 and 9 per cent re spectively of the diet seats In view of the sweeping rightist victory the trade unions with a total of 7000000 workers and white collar employes under social ist and centrist influence face an nihilation These have been the backbone of the resistance to Hit ler and It remains to be seen Turn lo Pane 1 Column 6 Will Rogers SANTA MONICA Cal March hasnt been as hap py in three years as they are to day No money no banks no work no nothing but they know they got a man in there who is wise to congress wise to our big bankers and wise to our so called big men The whole country is with him even if what he does is wrong they are with him just so he does something If he burned down the capitol we would cheer and say Well we at least got a fire started any how We have had years of Dont rock the boat Go on and sink it if you want to we Just as well be swimming as like we arc Yours WILL ROGERS Copyright 1933 McNaught Syndicate GREECE UNDER MILITARY RULE General Election Results in Slight Majority for Tsaldaris ATHENS Greece March 6 General Plastiras who was head of the revolutionary government of 192224 set up a military govern ment In Greece today Yesterdays general election re sulte1 in a slight majority for the party headed by former Premier Panayoti Tsaldaris General Plas tiras asserted that in his opinion this situation did not permit of the establishment of a stable govern ment Thereupon said the semiofficial news agency ho announced he would establish a military govern ment to avoid the possibility of dis order Mason City Not to Issue Local Scrip at Present Individual Firms Can Act City Will Await Word From Capital No clearing house certificates or scrip will be issued for local use until word has been received from the treasury department or other governmental or banking authority concerning a possible uniform na tional plan it has been decided by the committee appointed Saturday to consider such an issue for local convenience The committee ia headed by E S Selby Announcements of regulations on a national scale are expected mo mentarily according to the com mittee However private concerns can issue scrip of their own it was pointed out and a number of Ma son City firms have already taken CLEARING HOUSE The opening of a clearing house for making change in the location formerly occupied by the Tom Brown clothing store at 9 Kast State street was announced by the Chamber of Commerce and the Retail Merchants asso ciation Monday morning The clearing house which opened Monday morning will be open from 10 oclock until noon each day until further notice The house is equipped to change large bills to small small bills to large bills to silver or vice versa it was announced Checks will not be cashed this step to facilitate the handling of the currency situation Got Merchandise Orders The GlobeGazette for Instance permitted Its employes to exchange pay checks for merchandise orders of denominations of and pay CHICAGO MAYOR PASSES FAMILY AT HIS BEDSIDE Immediate Indictment of Assassin Zangara to Be Sought STORY ON PAGE 4 MIAMI Fla March 6 Mayor Anton Cermak of Chicago the victim of a bullet Giuseppe Zan gara fired Feb 15 in an attempt to assassinate President Roosevelt died in Jackson Memorial hospital today at a m eastern stand ard time Death followed a series of com plications against which the Chi cago executive had rallied valiantly time after time The family and close friends were at the bedside Mrs Floyd Kenlay a daughter was holding one of hei fathers hand when he died Vivian Graham a granaaaugnter held the other The saddened little group re mained In the sun parlor of the mayors room close to the death scene for several minutes to XJvev Oh he wan tedto live so much Mrs Rlchey Graham a daughter said And Mrs Frank Jirka an other daughter added he fought so hard He didnt want to die Others at the bedside included Alderman Edward F Kelly South Park commissioner at Chicago who made the first announcement of the mayors death Dr Frederick Tice Dr R C Woodward superintend ent of the hospital Mrs Waiter Wright of Chicago Mrs Clara 3eeslcy secretary to the mayor Joe Cermak a brother Mrs John Kal al sister and Dr Frank Jirka Mayor Cermak had previously rallied after three crises in his con lition Colitis threatened heart failure and pneumonia beset him n quick succession just as his phy sicians had begun to believe he would recover from the bullet wound Optimistic on Saturday Physicians still were optimistic Saturday but that night gangrene appeared in the right lung the one razed by Zangaras bullet and ha row steadily weaker A third blood transfusion was performed yester day in an attempt to save his life and an attempt to check the gang rene xvas made but the mayor did not respond He lapsed into a coma ast night and shortly after mid night physicians said death was a matter hours mayor diet peacefully He never recovered from his coma Sidney Morrison of St Bartholomews Catholic church Chi cago had been praying at CermakE bed for a time before he died Meanwhile another victim of Angaras bullets lay critically ill in he sime hospital Mrs Joe H Gill Miami society woman whose abdo minfi wound has become infected Immediate Indictment Stales Attorney N Vernon Haw borno said early today that immed ate indictment of Zangara on first degnt murder charge will be ought The jury Is in recess now 10 said and as much as I regret to of it it is not a question of re siling them but how soon they can be recalled A coroners jury today returned a verdict that Mayor Cermak died us the result of a bullet fired oy roseph Zangara in Bay Front park n the night of Feb Ifi The jury vas nut 15 mmutes after hearing hren witnesses After an autopsy Dr E C homas county physician said layer Cermak died as a result of Tnm In Pnfln 1 Column 6 SIX CANDIDATES ANNOUNCED FOR CITY COUNCIL SEE PAGE 7 For story of coming municipal election campaign N Y Stock Exchange to Stay Closed NEW YORK March 6 New York stock exchange today decided to remain closed until fur ther notice The special stock exchange com mittee ruled that members may not until further notice pay customers who have credit balances in either currency or checks but may deliv to them previously purchased securities for which full payment lias been made providing tlie de livery of the securities was not tampered by the banking restric tions Members could receive cash from customers who wished to pay any amounts due on securities pre viously purchased but were not permitted as yet to receive checks The ruling said fully paid for securities are deliverable to cus tomers on demand unless the mem ser is unable to obtain such securi ties by reason of the closing of safe deposit companies transfer otfices or the fact that such securities in transit Print New Money Plans of the New York banks for issuance of clearing house cer tificates have been completed it was reported in Wall Street today and it was regarded as probable that the banks would be opened fo of certificates ona ra tioned basis toniorrowrnorning While details of the plan of mod ified opening were as yet unavail able hugo balea of the new mori ey had been printed and bankers said that despite the complexities of putting the new system into op eration it was quite likely that some form of payments could be started tomorrow with official sanction from the secretary of the treasury Amount Not Disclosed The amount of scrip prepared for circulation here was not disclosed officially but it was believed to bo n excess of 5200000000 In the meantime some banks vere helping to make change by jxchanging large bills for smaller denominations although in amounts not larger than Safe deposit joxes were made available to cus omers Hoarders of large bills however such as 1OQO yellow lacks wore still helpless Tor they could not be exchanged in smaller Jills to pay ordinary expenses CftPITftL POLICE AND IDLE CLASH Several Injured as Officers Charge Marchers With Their Clubs WASHINGTON March G Several persons were injured today n fighting between police and un employed at Twelfth and P streets when officers broke up a demon stration The disturbance arose after the lemonstrators had marched from a hall on Eleventh street with the an nounced intention of going to the district building to demand for more unemployment relief and equality between whites and Ne roes The demonstrators wero met out ide lie hall by Inspector Albert Heiullcy who warned the march ers thev would not be allowed to march in formation in the street Barred by Police The marchers persisted however n spite of the warnings At Twelfth street the temon trators found their path barred by tolice armed with clubs riot guns and tear gas grenades The foremost policemen charged he oncoming marchers raining1 Tarn to Pajrfi 7 Column 5l Inches of Snow in West Part of State DES MOINES March 6 Inow fell In the western half of the state with Sioux City reporting a ive Inch fall this morning There vas no precipitation In the eastern part of the state except Kcokuk which had 02 rain STEPS TAKEN TO CURB HARDSHIP IN BANK HOLIDAY Rainey Calls Democratic Caucus to Meet on Wednesday WASHINGTON March e iearty accord with the four day anking holiday and gold embargo declared by President Roosevelt vas expressed today by the gover nors summoned to confer with him The conference appointed govcr rs White of Ohio Greca or Island and Buck of Delaware o confer with the secretary of the treasury and submit a resolution of approval Appearing personally before thi conference President Roosevelt re ated to the governors the action he iiad taken The governors in their brief discussion voiced hearty tic cord Outlines Ills Views After outlining his own viewa of the conference agenda which in cluded the subjects of of taxation and federaV men f relief MrrR erasevl fc c onfc renb anij we tir bit ecu tive offices for an inspection at his working quarters Governor Pollard of Virginia was elected chairman of the conference and aCter passing over the first subject on the agenda a duplica tion of state and federal taxes the conference took up the question of ferlera aid for the unemployed Senator Walsh of Massachusetts Governor Ely said Massachusetts felt that federal re ief should come after state and lo cal relief had virtually been ex lausted and that even then the gov ernment aid should not be direct iut should be made through state r municipalities Koss Presents Plan Then Governor Ross of irescnted a plan to put men buck o work through the issuance of a 20000000000 In non interest bear ng federal notes Immediate steps to lighten hard hip caused by the nationwide bank Uutdown were promised Secretary Voodin of the treasury asscrlins hat banks would bo reopened if eccssary to permit payment of ayrolls He explained that where possible lie payrolls would be met with learing house certificates or scrip ssued by the local banks but here no such exchange means was rwailable he would authorize the is uanco of cash to meet the cmcrg ncy Woodin and his aides the leaders f congress and President Roose elt himself were working hard nt ilans for action at the earliest pos ible moment IJitincy Culls Caucus Representative Rainey next peakcr of the house summoned a democratic caucus Wednesday tn et up the controlling ways and neans committee immediately He and Senator Robinson of Arkansas the democratic leader oth indicated immediate action on vhatevcr the president recommends or the emergency with a probable Turn In fitft 1 Column 5 IOWA WEATHER Cloudy rain or snow In cast cm portion slightly coldcr ex treme west portion on Monday night Tuesday partly cloudy LOCAL STATISTICS GlobeGazette weather figures or 24 hour period ending at 8 eock Monday morning Maximum Sunday ss Minimum in Night 31 At 8 Oclock Monday 31 Trace of Snow Figures for like period ending 8 oclock Sunday morning Maximum Saturday is Minimum In Night 2X ;