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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 22, 1932
Page
1
The Glass- Steagall emergency banking bill seeks to mobilize idle American gold to broaden credit and counteract deflation. It would override technicalities to support business amid shrinking bank funds and loss of confidence, reversing the credit contraction tied to the banking crisis.
The measure would allow substitution of US government bonds for commercial paper as collateral for Federal Reserve notes and let small banks borrow on currently ineligible assets. It seeks to shift banking rules in emergencies to curb credit supply declines, inject purchasing power via a $5 billion prosperity loan, and promote job creation while avoiding misdirected credit into inflated securities.
Texans praise John Garner at a mass Democratic meeting in the state capital with telegrams from across the nation. Speakers urge unity to secure Garner’s nomination, praising his leadership and urging support in Chicago for a national campaign.
Texas leaders praise John N Garner as fit U S president at a rally in San Antonio. Messages from Congressmen Ganders Jones Williams Farman Thomason Cross Burners Johnson Kleberg Lanham Rayburn and Senators Cornwell and Morris Sheppard congratulate Garner. Prominent attendees include James Ferguson Maury Hughes Allred Bobbitt Ness Hornby and Sterling.
A bustling parade featuring 160 Trail Drivers 8 cowgirls band the Kingsville Mexican band and floats from the Garner committee drew crowds along Houston Street. Delegations from Uvalde the Rio Grande Valley and cities like Brownsville Amarillo joined supporters of Jack Garner amid displays and old war banners. Police cleared traffic hours before the march as spectators watched from the route through downtown.
An excerpt discusses far eastern power dynamics, imagining Japan's potential empire and its military reach including Manila Guam and Hawaii. It contrasts Chinese civilization with Japanese aggression, arguing it is America’s duty to stay focused on domestic issues and let Asians settle their own affairs as George Washington advised.
Washington February 22. A joint session of Congress honoring George Washington’s birthday ended after Vice President Curtis dissolved the session and Garner took the chair. Democrats shouted “Rebel yell” while Republicans applauded as the speaker was relumed. The House adjourned for the day, with a holiday mood in the city but legislative work continuing.
A Dallas rally scene shows politicians from mayor to governor uniting for John N. Garner as Texas gears for a legislative and presidential contest. Notables like Jim Ferguson Camp M Fryer Amon Carter and W H Hornby mingle while ballooning Garner support amid a tense party dynamic.
Police announced a warrant for the arrest of American author Jonathan Starr on charges of failure to pay large hotel bills at a Monterey hotel and another in the city. The notice reads like a brief international arrest alert with no further details.
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