07 Mar 1933
Page 1
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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Mar 07, 1933
Page
1
Washington readers report the Treasury approved a plan to issue scrip starting March 10 1918. Banks must align with new federal rules to redeem scrip for payrolls and decossities. the move aims to standardize wage payments while avoiding gold involvement.
Fragmented local wire service style report notes various county plowing pits and road conditions. It references officials, troop leaders, and public sentiment, with mentions of wartime style restrictions, gas rationing, and a planned beer rotation. The text is garbled with many unreadable words and unclear dates or places.
Daily weather report shows maximum 94, minimum 18, no precipitation. River stage 5.8 feet. Observations mention a high of 28 and a low around 18 with little or no precipitation. data appears garbled but records indicate mild conditions and no rain or snow.
Nightly brief on Treasury actions amid life needs. Woodin okays a scrip form usable as currency with gold notes, banks still funding. New York scrip relief discussed. Lehman endorses legislative aid. Banks advertise demand for certified checks to curb scrip issuance. Ameristar stocks rise as gold currencies strengthen.
Pittsburgh banks reopen under Treasury rules to allow withdrawals for food, medicine and payrolls while maintaining 100 percent liquidity for new deposits. Checks for those purposes are honored, currency changes limited, and gold certificate handling restricted. Chicago and Austin implementations mirror the easing with deposits accepted and possible new-money issuance forecast.
Banks in New Castle operate under modified rules issued hour by hour by the Federal Reserve and the U S Treasury. As orders arrive, banks implement them immediately and provide exact currency changes to merchants and citizens. One hundred dollar bills can be changed only into currency, not smaller denominations, gold, gold certificates or checks. Continued on page two.
Harrisburg dispatch reports ongoing movement on the eighteenth amendment with delegates indicating rapid progress. The record notes constitutional change discussions and potential implications for national policy as the issue unfolds across legislative bodies.
The text outlines massive deposits and assets including gold, gold certificates, bullion, silver coin, national bank notes, and Federal Reserve holdings totaling 99,000,400 as of year start. It cites U.S. bonds, state bonds, industrial bonds, mortgages and other property as backing for the proposed national currency issue.
What you can do includes cash and payroll checks at banks, deposits in special trust accounts, paying taxes, insurance premiums, mortgage interest by check, getting change, paying utilities and telecommunication bills, and converting gold to currency for travel. You cannot obtain gold from banks, export gold or silver, draw money from savings banks, or redeem stamps for cash.
The federal proclamation loosens rules to allow banks to meet payrolls and provide funds for food medicines and other life essentials. It permits banks to exercise their functions as needed to support communities while safeguarding against hoarding and excessive withdrawals. Banks are warned to adhere to the spirit and letter of the regulation and remain accountable.
Fragmentary OCR notes indicate a Sunday sports bill in the Senate drawing amendments. Mentions licenses, sports like swimming and tennis, and governance questions. Ambiguous fragments reference “Other” items and ongoing discussion.
The body of Anton J. Cermak was en route to Chicago aboard the funeral train as a mourning city awaited the martyred mayor. International News Service report notes the train moving north amid heavy public emotion.
A reader in Beverly Hills praises scrip as a substitute for money and criticizes President Roosevelt for closing banks and calling Congress into extra session. The letter frames the issue as a demand for reform and accountability, noting Sunday activities and public sentiment.
Obituary fragment notes the death of Jessie Gibson, age 68, with references to William J Ryday and Sbhenangy television. Limited readable names suggest a regional notice missing full details. Further text likely includes residence and date but is unreadable.
Banks in New York City reopened under Woodin's liberalized regulations to meet payrolls and essential needs. Major institutions announced quick reopens at Central Hanover, Corn Exchange, National City, Irving Trust, and Morgan, with others following as Wall Street reacted positively to the banking holiday end.
A fragmented note describes a late night puzzle pastime that draws players into long sessions. It calls the activity inexpensive and goofy yet energy draining, with hours drifting into the small hours and players staying up past daylight. The weather is noted as forty degrees.
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