Roosevelt Proclaims Four Day Bank Holiday and Powers
President Roosevelt declares a four day bank holiday to restore financial order amid wartime powers. Proclamations suspend gold exports and bank operations through Thursday while Congress is convened in special session. Treasury to close cash windows. gold redemption halted. measures aim to curb hoarding and stabilize exchange.
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Woodin to Rule on Checks in March Policy
Washington March 1 An issue on whether Uncle Sam will accept checks from passers of March 15 federal income tax hinges on a policy to be laid down by Secretary of the Treasury Woodin. David Burnet, commissioner of internal revenue, announced pending the outcome of an all day conference with Federal Reserve board officials and Timiders on the money order and banking law situation.
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Texas Law Prohibits Scrip That Passes for Money
Texas statutes make it unlawful to issue bills promissory notes or other paper intended to circulate as money. Article 536 sets fines of not less than 34 for each offending bill, note or check, and Article 537 extends liability to officers of banks or corporations who签署 the paper as if to pay, suggesting enforcement doubts amid a national and state proclamation.
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Banks Fail to Function as City Struggles with Change Shortage
Banks opened safety deposit boxes but offered few services while the change bureau at South Texas Bank and Trust on Navarro Street swelled with customers. The shortage disrupted small sales and travelers, leaving many restaurant workers and locals short on cash, though commerce continued on credit.
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New York Clears Way for Emergency Scrip Certificates
Emergency scrip certificates prepared by the New York Clearing House Association would replace old currency. Banks issue certificates representing deposits for use by depositors, merchants, landlords, and railroads. Denominations start at $1 with possible fractional coin payout as needed.
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New Angle on War Ends and Love in War Picture
A 1940s era cinema page previews Tracy with Ivey Cantion in Private Jones and a series of wartime adventures in France, including a medal and a knife reward. Claudette Colbert stars in Tonight Is Ours, with Coward's The Queen Is in the Parlor in nearby theatres.
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City Accepts Bid on Food for Jail Through May 31
The city commission accepted bids on milk and bread for the city jail through May 31. Milk will cost 23 cents per gallon and bread 2 cents per pound during the period, as ordinary transactions of business. Bids are cashed during the emergency and will not deplete bank funds.
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Universal to film epic of jobless youth
Los Angeles reports Universal plans a dramatic feature about a boy who cannot find work, slides into vagrancy, and seeks purpose during the economic crisis. Noted participants include Morvyn Huston backing the noble effort. Dorothy Day and Joel McCrea named in casting chatter. names like William Wyler and LeRoy tied to contemporary projects and industry shifts.
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Foreclosure Sales Postponed by Legislative Measure
Grover Co Morris, apalstanl county attorney, announced that foreclosure sales scheduled to be held at the Bexar county courthouse Tuesday will be postponed for one month under a legislative measure enacted at Austin.
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