Roosevelt Proclaims Bank Holiday and Gold Measures
President Franklin Roosevelt orders a modified four day bank holiday to conserve gold stocks and suspend currency redemptions, with banks allowed to open on a clearance-house basis and new deposits in special trust accounts. Secretary Woodin clarifies the U S remains on the gold standard and payrolls will be met, possibly via certificates or local bank scrip.
MENTIONED IN THIS ARTICLE
Washington
Mar
A.P
United States
Franklin Roosevelt
Treasury
Secretary of the Treasury
William Woodin
United States Treasury
New York
Wall Street
Roosevelt
Clearing House
American Bank Note Company
Chicago
New York Stock Exchange
Woodin
Calgary pays in gold to avert court action on debentures
Calgary settles debenture payment with Malden Trust Co by delivering gold coins valued at $5,185. The move, taken under Dominion government notes, follows the firm’s threat of court action if payments were not in United States funds. Export rules and bank holidays complicate the transaction as Calgary fulfills obligations.
MENTIONED IN THIS ARTICLE
Calgary
Malden Trust Co
Malden
Mass
Canada
Trust Co
United States
New York
Americans Send to Canada for Currency
Toronto reports several Canadian banks began paying a 15 percent premium on American money in over the counter transactions. Demand for United States cash from various sources is driving the premium as U S banks cannot pay out US money, prompting firms to ship dollars to Canada for bills.
MENTIONED IN THIS ARTICLE
Toronto
United States
Edmonton Session Tackles Halfbreed Question and National Bank Plan
Monday proceedings report J M Dechene moving an amendment linking the Duggan resolution to study the halfbreed issue for a year, with a House report within ten days after the next session opens. The government accepts and passes the amendment. Discussion also includes a motion for a national bank to issue currency and finance provinces, municipalities, and bonds at par, plus limited interest. MacLeod supports reform, Shield MacLeod seeks agricultural committee study, and A M Matheson pursues a committee amendment. University head outlines policy for economy and cuts. continued on page five.
MENTIONED IN THIS ARTICLE
Tdmonton
Mar
J. M. Dechene
St. Paul
Duggan
Brownlee
House
Ouse
Canada
MacLeod
Shield
Agricultural Committee
A. M. Matheson
Vegreville
R. C. Wallace
Wheat futures rise on grain market in Winnipeg
Wheat futures climbed higher in Winnipeg with May delivery at 52 1 4 cents, July at 53 3 8, and October at 55, finishing 21 4 cents above Saturday's close.
MENTIONED IN THIS ARTICLE
Winnipeg
Police clash with unemployed demonstrators injure several
Washington March 6 report says police and unemployed clashed during a demonstration injuring several people. A number were arrested as officers broke up the unrest.
MENTIONED IN THIS ARTICLE
Washington
Post Office Suspends Money Orders With Canada and World
Ottawa March 6 the Post Office department announces money order business to and from Canada and any part of the world is suspended following the U S bank holiday. The order takes effect immediately and no end date is named though daily financial developments will be watched. Domestic money orders are unaffected.
MENTIONED IN THIS ARTICLE
Ottawa
Post Office Department
U. S
Canada
Big Game Tonight Gleichen and Luscar Clash at Arena
Tonight at 8 30 the Luscar and Gleichen Gunners meet in the second game of the Provincial Intermediate championship playoffs with overtime possible if regulation ends tied. The teams drew 1 1 in Gleichen, setting up a decisive battle to decide the title.
MENTIONED IN THIS ARTICLE
Luscar
Gleichen
Lascar
Gleichen Gunners
Correction by Minister Perren Baker on Alberta expenditure figures
Edmonton March 3 1933 The minister corrects Moyer’s figure that Alberta expenditure rose 70 percent vs 37 percent over 1922 1930. Baker states Canada wide rise 80 percent and Alberta rise 37 percent in public accounts. He notes five dailies mentioned Moyer but only one printed his correction.
MENTIONED IN THIS ARTICLE
Moyer
M.L.A
Drumheller
Perren Baker
Paul Reading
Alberta
Mr. Baker
United States Currency Drops to Par in Canada With No Drafts Cashed
Canadian exchanges operate normally while US banks stay closed under Roosevelt measures. US currency trades at par in Canada as cheques for US dollars aren’t cashed. Toronto and Montreal limit external money orders. London notes business as usual but US dollar transfers blocked by American banking holiday.
MENTIONED IN THIS ARTICLE
United States
Canada
Toronto
Roosevelt
Montreal
Winnipeg
Dominion
Europe
London
Great Britain
United
Hitler Returns to Power in German Election
Berlin reports preliminary Reichstag results showing a Nazi National Socialist majority with 272 seats, plus 50 for the Nationalists and smaller shares for other parties. Early tallies indicate high voter turnout, with violence limited to scattered incidents and several political killings recorded in Breslau, Offenbach, Worms, and Pinneberg.
MENTIONED IN THIS ARTICLE
Berlin
National Socialists
People’s Party
Bavarian People’s Party
State Party
Ee Je
Ee Sres
Wurttemburg
Palatinate
Leipzig
Dr. Hugenburg
Hitler
Franz von Papen
Breslau
Offenbach
Worms
Pinneberg
Blairmore Faces Municipal Crisis Under Government Charge
Alberta authorities order the Blairmore town office locked and officials kept away after a special audit of the town books. Secretary-treasurer A J Kelly and other officials are barred from the building as E D Batrum heads to Blairmore to manage the municipal accounts.
MENTIONED IN THIS ARTICLE
Lethbridge
Blairmore
Alberta
A.J. Kelly
Calgary
E. D. Batrum
Roy Beattie Heads Bow Island Board of Trade
Bow Island Board of Trade held its banquet and annual meeting at the I O O F Hall on March 2 with about 160 attendees from nearby cities. R S Beattie was re elected president as officers were confirmed, speakers praised the group, and Red Trail progress to Medicine Hat was urged by Greenway.
MENTIONED IN THIS ARTICLE
Roy Beattie
Bow Island Board of Trade
Bow Island
R. S. Beattie
Lethbridge Board of Trade
Greenway
A. F. Mack
the Times
Medicine Hat
Jim Reed
Charles Beny
Canada halts foreign exchange amid New York market pull
Ottawa reports Canada suspends all foreign exchange with other nations except England as banks lack quotations after U S bank shutdown. Post Office officials plan foreign remittance changes and immediate suspension of foreign money orders. discussions in Imperial Conference consider Montreal exchange for imperial trade.
MENTIONED IN THIS ARTICLE
Ottawa
Patricia Terrill
Canada
Dominion
New York
England
Post Office
Post
Fice
Montreal
United States
Newfoundland
Gee
Arms embargo in Britain may be called off
London March 6 Sir John Simon Foreign Secretary said Britain would revisit its arms embargo on China and Japan if other nations join in. He noted no universal agreement exists and said the issue would be discussed with Ramsay MacDonald in Geneva within a few days.
MENTIONED IN THIS ARTICLE
London
China
Japan
Great Britain
John Simon
John
Ramsay MacDonald
Geneva
Mayor Cermak Succumbs After Chicago Gunshot Wound
Mayor Cermak of Chicago died in Miami Fla after being wounded by Giuseppe Zangara on February 15 while attempting to assassinate Franklin Roosevelt. Family and close friends were at the bedside as complications from colitis, pneumonia and gangrene developed following the bullet wound.
MENTIONED IN THIS ARTICLE
Miami
Fla
Cermak
Chicago
Giuseppe Zangara
Franklin Roosevelt
Also Mentioned on This Page
Congress
Yankees
U.S
Edmonton
Roberts
Wagner
Hills
Johnston
Baker
Mr. Moyer
EN Sterling
Msales Jaaeabatuicelo Mou
Adolph Hitler
Communist Party
Canadian Exchange
Britain
GOVT
Medicine Hat News
Sir
T. W. Sweeting
Holy Trinity Vicarage
Medicine Hat, Alta
Zangara
Wockey-Lascar
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