Roosevelt Seeks Bank Opening and Currency Expansion
Washington March 9 AP War powers for President Roosevelt took shape as Congress met to grant authority to reopen sound banks and to expand the currency. The Senate Banking Committee pushed a sweeping banking revision bill while House leaders prepared rapid action on emergency legislation to empower the president to manage hoarding foreign exchange and gold usages.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Senate Banking Committee
Senate
House
Rainey
Illinois
Zangara Pleads Guilty of Murder in Roosevelt Shooting
In Miami Zangara pleads guilty to murdering Mayor Cermak during the failed attempt to assassinate President Roosevelt on February 15. His attorney, Louis Twyman, negotiates to drop a second count for premeditated murder as the first count remains. The court proceedings unfold amid the Chicago mayoral tragedy and ongoing trials.
MENTIONED IN THIS ARTICLE
Miami
Fla
Giuseppe Zangara
Anton J. Cermak
Chicago
Roosevelt
Zangara
Louis F. Twyman
N. Vernon Hawthorne
Twyman
Cermak
Bank Bill Is Now Before The Congress
Washington March 9 AP By unity the House passed the drastic banking bill urged by President Roosevelt and the Senate prepared swift action. The White House planned reopening of sound banks at dawn if signed. Senate committee approved after a two hour session with Glass explaining. Fletcher carried the measure to the floor. Vice President Garner predicted many banks could open tomorrow once signed and treasury telegrams permit.
MENTIONED IN THIS ARTICLE
Washington
House of Representatives
Roosevelt
Senate
White House
Senate Banking Committee
Glass
Fletcher
Fla
House
Treasury
Garner
Congress
Treasury Department
United States
Capitol
Burns
Rainey
Ilinois
Ana
France and Britain seek to curb German rearmament
Paris reports French fear that Germany will announce rearmament as Premier Daladier and British leaders MacDonald and Simon plan talks. They aim for a firm Geneva disarmament stance and a powerful safety pledge amid fears the Geneva talks may fail.
MENTIONED IN THIS ARTICLE
Paris
Germany
MacDonald
John Simon
England
Da‘adier
France
Daladier
Geneva
Simon
London
Hitler
Baron von Neurath
Roosevelt Sees Immediate Banking Legislation Outlook
President Roosevelt states he has conferred with senators and representatives on a carefully prepared measure to relieve the situation and start banking operations nationwide. He says there is every prospect of immediate passage on introduction and expresses gratification at the outlook.
MENTIONED IN THIS ARTICLE
Senate
House
Psychology of Scrip Drives Purchases In Market
Analysts say the idea of using scrip rather than real cash shifts buyer psychology. Consumers likely feel a freer, less costly bite when paying with credit like currency, fueling greater willingness to purchase across retail platforms.
Governor urged to reconsider veto of artesian well bill
Santa Fe March 9 AP Rep Clarence Hinkle of Chaves urged Governor Seligman to reconsider veto of HB142 on artesian wells and basins. He argued the bill clarifies but does not widen regulatory powers, notes existing levies in Chaves, and cites support from Pecos valley artesian conservancy district and state engineer George Neal.
MENTIONED IN THIS ARTICLE
Santa Fe
Willis Ford
D. Chaves
W. J. Barker
Garker
Ford
el Paso
W. E. Rose
Mystic Knights of the Sea
State Highway Commission
Clarence Hinkle
Chaves
Seligman
Artesian Conservancy District Board
George Neal
Conservancy Board
Neal
Hinkle
Pecos Valley
Former President Hoover backs Roosevelt plan in statement
In New York on March 9 AP reports Herbert Hoover endorsed President Roosevelt's message to Congress. Hoover stated there is one course of action to take and that is to support the President's proposal.
MENTIONED IN THIS ARTICLE
New York
Roosevelt
Congress
Herbert Hoover
Roosevelt to open all sound banks tomorrow
Washington March 9 The administration plans to permit the opening of all sound banks tomorrow if the emergency banking bill presented by President Roosevelt is enacted by then Treasury officials are reviewing each bank's condition and once law authorizes action they will name institutions allowed to resume activity
MENTIONED IN THIS ARTICLE
Washington
Congress
Roosevelt
Treasury
Public Utilities Bill Advances in House Vote
Santa Fe reports SB193, a Public Utilities Commission measure, passed the House 37 to 7. Only Rep Dee Howard spoke against the bill.
MENTIONED IN THIS ARTICLE
Thru House
Santa Fe
Public Utilities Commission
House
Dee Howard
Adjusted Service Certificates Pledge May Not Be Exchanged
Veterans administration officials said adjusted service certificates of ex soldiers may not be exchanged by banks holding them as collateral for loans or currency.
MENTIONED IN THIS ARTICLE
Washington
Veterans Administration
Radical banking reform proposal from Wall Street leader
New York March 9 AP wide eyed Wall Street watched Washington as Winthrop W Aldrich called for drastic banking reform. As head of Chase National Bank and brother in law to John D Rockefeller Jr he proposed divorcing deposit and investment banking and curbing private bank firms. He urged including all commercial banks in the federal reserve system.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Washington
Winthrop W. Aldrich
Aldrich
Chase National Bank
John D. Rockefeller, Jr
J. P. Morgan & Company
Banks of Deposit
Morgan
Congress
Federal Reserve System
April Term Court Docket Set for Chaves County
James B. McGhee will set the criminal and civil docket for the regular April jury term of district court in Chaves County tomorrow at nine o'clock. Lake J. Frazier says about 13 men will be arraigned on criminal offenses with trial dates to be set for not guilty pleas. W Emerson Watts facing embezzlement charges was ordered home from the Veterans Hospital in Albuquerque for arraignment after pleading not guilty in justice court. Cletus and Linton Floyd to be arraigned on charges of sewing liquor to minors. Linton Floyd holdup charge dismissed.
MENTIONED IN THIS ARTICLE
James B. McGhee
Chaves County
Lake J. Frazier
Assstant
W Emerson Watts
Veterans’ Hospital
Albuquerque
Justice of the Peace
Cletus
Linton Floyd
E. A. Cahoon
Dan Cahoon
Jack Williams Pleads Guilty To Car Theft
Jack Williams admitted guilt before Judge L L Johnson in justice court for stealing a 1929 Chevrolet coupe from 208 North Missouri in front of W A Wilson's home. He faces arraignment in district court with possible sentence after another plea. Lena and Lena Woolf, two girls in the car, were released. Oltho Russel remains held, denying involvement.
MENTIONED IN THIS ARTICLE
Jack Williams
L. L. Johnson
W. A. Wilson
James B. McGhee
Riverside Camp
Lena
Lena Woolf
Oltho Russel
New Pontiacs Stand at Santa Fe Depot Amid Bank Shutdown
Four new Pontiacs for the McNally Hall Motor Company arrived at the Santa Fe depot last Friday the day banks in New Mexico were ordered closed. McNally Hall seeks delivery despite the bank being closed to drafts.
Treasury currency issue to back bonds in new plan
Speaker Designate Rainey said the administration banking bill would be brought up in the House after Roosevelt's message and passed. The Senate is preparing for similar speed. The currency would be issued against government bonds with no increase in debt. Any person or entity could tender bonds to obtain currency, with a Treasury controlled maximum up to 11 billion dollars, though not expected to reach that level.
MENTIONED IN THIS ARTICLE
Washington
Rainey
Administration
Treasury
House
Roosevelt
Senate
Filling Station at Portales Is Robbed
Portales sheriff’s office reports the robbery of a filling station last night. Four automobile tires were taken and other details were not available.
MENTIONED IN THIS ARTICLE
Portales
Carl Quillin Pleads Not Guilty to Theft
Carl Quillin pled not guilty in justice court to stealing from John P Cauhope at 613 North Kentucky. A chicken wrapped in a Navajo blanket allegedly from H M Dow was linked to the arrest. Preliminary hearing set for 4 PM. arraignment in district court tomorrow with trial likely at April jury term. Quillin previously on parole for chicken theft. parole over and he is said to have been restored to citizenship after time in prison.
MENTIONED IN THIS ARTICLE
Carl Quillen
Justice Court
John P. Cauhope
North
Kentucky
H. M. Dow
Quillen
James B. McGhee
Roswel
Home of Walter Finney Robbed. Potatoes and Bacon Stolen
The residence at 512 East McGaffey was entered last night and ten sacks of potatoes along with a large quantity of cured bacon were taken. Police are investigating today but no clues have been found yet.
MENTIONED IN THIS ARTICLE
Walter Finney
East McGaffey
Weather forecast for Roswell and Pecos Valley
Generally fair and colder night and Friday for Roswell and the Pecos Valley with cooler temperatures and clear skies.
MENTIONED IN THIS ARTICLE
Roswell
Pecos Valley
Also Mentioned on This Page
U. S
St. Thomas Episcopal
President Roosevelt
James A. Roosevelt
Democratic Party
Tie
Fred Healy
Franklin D. Roosevelt
Executive Branch
Pres. Roosevelt
Beverly Hills
Calif
Chuck
Roper
UcNaughs Syndicate
Hoover
Radical Program
Carl Quillin
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