Hoover Era Bank Plans Move Forward in Congress
The House banking committee approved the Steagall bill creating a 100 million dollar revolving fund for federal farm loan banks as part of Hoover's reconstruction program. Hearings are planned by Senate and House committees on related capitalizations and president Hoover urged rapid action from Republicans led by Representative Snell. The Ways and Means Committee could not decide on the Hoover moratorium after two hours of debate and planned further discussion to enable a possible late today report.
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
Steagall
Federal Farm Loan Banks
House
Tomorow
Reconstruction Corporation
Hoover
Representative Snell
New York
Senate Banking Committee
Carey
Wyoming
Steiner
Oregon
Howell
Nebraska
Norbeck
South Dakota
Dec
Ways and Means
Collier
Senate orders new food price investigation
The Senate approved a resolution reviving the food price investigating committee led by Senator Capper. The subcommittee will probe bread meat and sugar prices and assess if retail costs reflect lower raw product costs while considering antitrust concerns.
MENTIONED IN THIS ARTICLE
Senate
Washington
McNary
Agriculture Committee
Senator Capper
Kansas
Cappers
Justice Department
Government deficit tops one billion dollars in 1932
The United States government deficit for five and a half months of the 1932 fiscal year reached 1,252,631,150 dollars as of December 15, signaling a heavy overshoot of the billion dollar mark.
MENTIONED IN THIS ARTICLE
Washington
Rambling Town Notes Catch My Eye in Monroe
A local column by H. H. B. reports on Dr. J. H. Pankey's wit about physicians and the “darkies, the ducks, the dogs” quip. It notes the rise of a Monroe group named Little Tammany, printer O. W. Phillips’s travels, a boy helped by a stranger, and ongoing Salvation Army kettle stories. It also mentions Sterling Godfrey's long worn collar button and Howard Griffin’s discharge from hospital to publish POW WOW.
MENTIONED IN THIS ARTICLE
J. H. Pankey
Stanford Chaile
Tulane Medical School
Dr. Pankey
Monroe
Little Tammany
Sterling Godfrey
P. C. Swinney
Layton Avenue
Salvation Army
Salvation Lassie
Howard Griffin
Japs Seek to Win All Trade in Manchuria
Japanese economic brigades follow General Honjo's army advances to gain control of South Manchuria's major interests. They place advisers in provincial governments, take over railways, form an electric power monopoly, and control banks, mining and manufacturing, shifting trade from American to Japanese hands.
MENTIONED IN THIS ARTICLE
Manchuria
Associated Press
Mukden
United States
Japan
Honjo
Fengtien
Kirin
Chang Hsueh-Liang
Second death attempt in Ouachita Parish jail within week
A second inmate tried to kill himself in the Ouachita Parish jail within a week. Walter Herring slashed his wrists and neck with a safety razor, but doctors said wounds were not serious. G. B. Alexander had earlier attempted suicide by wrist slashing. Both men were among 13 arrested years ago in a theft from Palace Department store. Drug addicts, including four Chinese detainees captured in an opium raid, are housed there. Herring cites World War I shell shock as cause for his habit.
MENTIONED IN THIS ARTICLE
Ouachita Parish
Walter Herring
G. B. Alexander
Alexander and
Herring
Lasteek
Palace Departmentore
Earthquake in Clarksdale Causes Light Tremor
Clarksdale Mississippi reported a slight earthquake just before midnight. The tremor was distinct but caused no damage.
MENTIONED IN THIS ARTICLE
Clarksdale
Miss
Former Head of Winn Bank Found Guilty
Winnfield, Dec 17. A. L. Bryan, former president of the defunct Bank of Commerce, was found guilty of accepting deposits knowing the bank was insolvent. The vote was 2 for acquittal and 10 for conviction. Bryan planned an appeal. Sentencing date not yet set.
MENTIONED IN THIS ARTICLE
Winnfield
A. L. Bryan
Bank of Commerce
Bryan
Ouachita River Rises Rapidly After Heavy Rains
The Ouachita River near Monroe shows a rapid rise after days of heavy rain. The 24 hour rainfall reached 2.1 inches, total rainfall since Saturday night 8 inches. The river climbed 1.5 feet at Monroe to 27.9 feet, with flood stage at 40 feet and higher water north of Monroe. Nearby Camden, Arkansas, saw a larger 24 hour rise of 1.8 feet. Temperatures today were warmer with a low of 47.
MENTIONED IN THIS ARTICLE
Ouachita
Monroe
Kate Key
Government Weather Recorder
West Monroe
Ouachita Parish
Camden
Ark
Jury Unable to Reach Verdict in Finley Case
In Harrisonburg the jury failed to agree on a verdict for Gerard Finley a 30 year old wood cutter charged with shooting C W Cupit a 23 year old planter of McCall Mississippi. Judge Francis E Jones declared a mistrial after 17 hours of deliberation. A new trial is expected at the March term.
MENTIONED IN THIS ARTICLE
Harrisonburg
Gerard Finley
C. W. Cupit
McCall
Miss
Francis E. Jones
Cupid
Heavy rains push rivers over banks across Mississippi valley
Swollen streams flood highways and farms in North Mississippi and Alabama after torrential rains. The Tombigbee at Aberdeen rose to 36 feet, Columbus gauge at 19.1 feet with six feet more forecast. Memphis stood 19.4 feet with a 27.5 forecast. Vicksburg expected 33 to 34 feet by month end.
MENTIONED IN THIS ARTICLE
Tombigbee
Aberdeen
Miss
Highway 45
Columbus
Alabama
Weather Bureau
Mississippi River
New Orleans
Mississippi
Memphis
Vicksburg
200 Millions to Pay Vets Bonus Voted by House
The House approved 200 million dollars for the veterans administration to fund loans to veterans on adjusted service certificates and 3.925 million for hospitalization and dependent pay. A separate 120 thousand dollars for the U S employment service was also approved. All measures passed unanimously after a 48 thousand cut. The actions, touted as first treasury appropriations by the Democratic House, move to the Senate.
MENTIONED IN THIS ARTICLE
Washington
House
Veterans Administration
Senate
United States Employment Service
Labor Department
House Appropriations Committee
Representative Burns
Tennessee
National Treasury
Democratic House
Local Groups Contribute to Goodfellows Fund in Monroe
Local organizations in Monroe and West Monroe donated to the Goodfellows Fund to provide gifts and milk for children. The Monroe Kiwanis Club gave 37.50, Monroe Hoo-Hog Club 40.52 with 20.26 directed to the fund, and Monroe Pan-Hellenic Association contributed 25 as part of a season drive.
MENTIONED IN THIS ARTICLE
Goodfellows' Fund
Monroe Kiwanis Club
Monroe Hoo-Hoo Club
Santa Claus
Goodfellows’ Fund
Monroe Hoo-Hog Club
Monroe
West Monroe
News-Star
Monroe Morning World
Monroe Pan-Hellenic Association
Twin Cities
Robinson Attacks Hurley In Senate Talk
Senate Democratic leader Robinson charged Secretary Hurley with trying to rally partisan support for Hoover from Democrats in Congress. He questioned the two main Hoover acts and noted declining foreign commerce while Hurley addressed a Republican National Committee meeting blasting Democratic programs.
MENTIONED IN THIS ARTICLE
Washington
Robinson
Senate
Hurley
Republican National Committee
Hoover
Congress
Germany
President Suggests Lease of Shoals to Private Company
President Hoover sent to Congress a report on Muscle Shoals proposing a 50 year lease to a private corporation that would run the plant mainly as a fertilizer producer for farmers. He cited a joint federal state commission’s findings and recalled vetoing the Norris bill for direct government operation.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Congress
Muscle Shoals
Alabama
Commission
Bales Adrift In Mississippi River After Barge Sinks
Rivermen salvage 3900 bales of cotton floating down the Mississippi after the barge Majestic sank at the Jackson Avenue wharf in New Orleans. About 3500 bales were recovered, 900 sank with the hull, as tugs and derricks work to corrall them. Bundy Washington swam to safety after jumping from the sinking barge. The Memphis Packet Company offers 2.50 per bale for recovered cotton.
MENTIONED IN THIS ARTICLE
New Orleans
Mississippi River
Majestic
Jackson Avenue
Memphis Packet Company
Bundy Washington
Memphis
Ransom Sought for Kansas City Manufacturer’s Release
Mrs. Nellie Donnelly a wealthy Kansas City garment maker is reportedly held by kidnappers demanding 75000 dollars in three notes written in her handwriting. The ransom threat includes harm to her chauffeur and police interference is warned off as arrangements are made pending former Senator James A Reed's arrival from Jefferson City.
MENTIONED IN THIS ARTICLE
Kansas City
Nellie Donnelly
Donnelly
Senator Reed
Jefferson City
Bank Robbery Sparks Chase in Franklin Parish
Two unmasked bandits robbed the Franklin State Bank at Baskin around 11 AM escaping with about 2000. Branch manager Phil Duncan and a unidentified woman were locked in the vault as the robbers fled in a Chevrolet sedan. Authorities from Franklin Parish and neighboring parishes searched highways while details of the suspects remained unclear.
MENTIONED IN THIS ARTICLE
Winnsboro
Speciail
Franklin State Bank
Baskin
Phil Duncan
Duncan
Franklin Parish
Winnieboro
Diggs Nolan
Oklahoma
Woman Slashed by Estranged Mate at New Orleans Cafeteria
Mrs. E S Wealson a 23 year old Bodlow's cafeteria cashier was slashed across the back of the neck as she started her shift. The assailant, named by the victim as her estranged husband Erexia Watson 39, fled. Doctors described the wound as superficial and Watson faces cutting and wounding charges.
MENTIONED IN THIS ARTICLE
New Orleans
E. S. Wealson
Bodlow
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Steagall Bill
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Fort Smith
Little Rock
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Alexandria Rhee
Jes’ Ramblin
O. W. Phillips
Union
Virginia
Florida
California
Utah
DeSiard Street
Sonny
Good Samaritan
Tokyo
Nippon
Winn Bank
Ouachita River
Finley
North
Goodfellows
Camden, Ark
Louisiana
First Methodist