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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 08, 1933
Page
9
A feature by Arthur Brisbane and King Festurea Sym examines middle aged women's worries and the role of resolutions, exploring cultural expectations and personal resolve in a Sunday reading tone. The piece names no specific events or dates, offering reflective guidance for readers.
In early March Los Angeles reports a banking halt with cash difficult to obtain and people fretting over deposits. Officials including Woodin seek to unblock one third of bank funds while citizens debate safety, savings, and the psychology of financial anxiety amid a tense national mood.
Washington March 8 The federal government will focus enforcement on liquor manufacturers and transporters to curb violations, leaving speakeasy prosecutions to states. Enforcement chief Woodcock says wire tapping and purchase of liquor as evidence are barred, aiming for economy amid reduced funds. Local authorities will handle complaints and informers pay restrictions apply, with some transfers to metropolitan police noted.
Secretary Woedli said a plan to issue aerial currency would replace existing legal tender forms. A formal plan for a new medium of exchange was being explored, with no exact currency named. Details, including backing, were to be announced by midnight. The plan may expand federal reserve notes and adjust gold backing rules.
Partly cloudy tonight and Thursday with cooler conditions. Minimum temperatures fall to the mid fifties in interior areas. highs around the seventies on Thursday. Light to moderate southerly winds shift to westerly Thursday, with freezing in the extreme northwest portion and colder interior Thursday night.
The Texas House, led by Rep. P. L. Anderson of San Antonio, passed a bill reducing salaries and maximum fees for county district and precinct officers in Bexar County. County court judges would see pay drop from 5000 to 2600 dollars annually, while sheriff, district attorney, and county judge maximums set at 5500. Other county officers would be limited to 5000 and precinct officers to 1000. The measure moves to the Senate.
Paris reports Andre Le fevre le 13 Brulave veteran diplomat was named ambassador to Washington. Foreclosure bills also appear in Alabama, proposing state court postponement of judgments foreclosures and liens for up to eight months if debtors face a financial emergency from the banking crisis.
President Roosevelt plans to ask Congress for broad powers to reform banking and control the gold supply during a wartime crisis. He will present the first plan for governmental reorganization to balance the budget and assure national credit. He remains cheerful in interviews while keeping details guarded, aiming to end emergency measures with a permanent framework. Continued on Page 5, Col. 3.
Treasury official clarifies that scrip is not sanctioned for national bank operations while banks may levy certain scrip under specific associations. Treasury and Federal Reserve support limited minted transactions. Volatile policy debates mix with reopening plans and wage, price movements. Canada and Britain align on gold standards amid market steadiness.
San Antonio bankers pressed for a plan to issue government scrip to meet payroll and relief needs as Secretary Woodin’s order loomed. A Clear House session at the Plaza Hotel lingered without disclosure of the proposed action while banks prepared limited operations to handle government checks, deposits, and payments.
Maryland will issue scrip following a government decision. Governor Albert Tilehte indicated after a conference with President Roosevelt that the plan will be taken as a state action rather than a national one.
The article argues for government backed bank deposits to restore public confidence amid a widespread panic. It notes banks vary in strength, explains hoarding harms both savers and the economy, and suggests federal guarantees would follow stronger regulation and trust in government supervision.
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