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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 24, 1933
Page
17
Reporting by Arthur Brisbane notes a sweeping policy shift prompting large-scale financial moves as analysts weigh impacts. A separate luncheon incident raises questions about missteps in high society.
Berlin reports Hitler gains four year dictatorship after Reichstag suspends Prussia, enabling suppression of eastern Jews in Palatine. London and Washington weigh in as premiere aides arrested and bank moves signal broader consolidation of Nazi authority amid global anxiety.
Charles K F Mitchell, former chair of the National City Bank, indicted by a federal grand jury for willful income tax evasion for 1929. The indictment says his net income was 2 829 405.95 while he reported a loss, claiming a tax of 703 112.81 due. Mitchell resigned as chairman during his testimony before the Senate Banking Committee. The document notes errors in 1920 income reporting tied to stock sales of 1 464 087.52 profit vs 31 464 087.52 loss and a large cross set up from 18 300 National City Bank shares, argued by the government to be not a bona fide sale.
The weather outlook calls for moderate temperatures with some sun and clouds Friday night and Saturday. North and west winds are expected to lower readings Saturday morning, with highs around mid eighties Friday and near 80 Saturday. Thursday’s high was 81. Rain predicted for Thursday night and early Friday did not occur, keeping the monthly city rainfall near one inch.
Washington report says President Roosevelt will propose substantial savings in war veterans compensation and pensions. Brig. Gen. J. T. Hes, administrator of veterans affairs, and Budget Director Lewis W. Douglas work on a divisive revision of veterans' laws for presidential sanction under new economy powers granted by Congress.
Partly cloudy conditions with a colder Friday night and Saturday. Friday low near 0 Fahrenheit and Saturday high around 84 degrees. Light to moderate southerly winds shifting to westerly and northerly by Saturday. Clouds increase with possible frost in western areas and showers in the east.
William Green of the AFL denounces the Roosevelt reforestation plan as fascist and Soviet in spirit, decrying “regimentation of labor” while a joint House Senate labor committee hears testimony. General MacArthur defends the army role in proposed work camps, noting possible voluntary participation and no draft.
Washington D C March 24 Secretary of Agriculture Wallace was summoned to defend Roosevelt farm relief legislation before the Senate Agricultural Committee after a sharply revised tax and subsidy plan faced opposition. Chairman Smath and committee members cut statements and trimmed the bill to ease critics.
The Texas house adjourned until Monday after a brief session to maintain a quorum. Lawmakers advanced the departmental appropriation bill adding small increases for the state department of health. The estimate for hospital or health services rose from 7109 to 1010 thousand annually. Appointment at Saint Annuty was authorized.
Washington March 4 As the House Interstate Commerce Committee advances a bill to recapture and repeal railroad holding arrangements the measure aims to grant the Interstate Commerce Commission authority to regulate such practices. A related joint resolution proposes to relieve destitute Filipinos in the United States by limiting fiscal burdens on the government.
Detroit March 24 The Talloon Bank of Detroit opens its doors today with a $25,000,000 infusion, tied to Reconstruction France and General Motors. Alfred P. Sinn Jr of GM calls it an entirely new institution and the most liquid bank in the United States, a Detroit institution owned and managed by Detroit people.
Pullman Incorporated and subsidiaries posted a consolidated net loss of 2.83 million dollars for 1952, while throughout 1951 travel on Pullman cars declined to the lowest level since 1909, marking the first annual loss in about 68 years for the Pullman Company and its carrier subsidiary.
Louisiana legislature finished a special session by repealing the Hood state prohibition law and enacting a beer and wine tax plan. The Dugas and Wimberly bills were approved and sent to Governor O. R. Alkyl for signature.
The Senate Finance Committee voted to end the economic survey begun in the last session to obtain authoritative statements on business conditions. The panel decided to accept an abbreviated process and to weigh views on means of business recovery without continuing the full survey.
Formal announcement of the 1933 Gordon Bennett international balloon and aviation meet to be held at Curtles Field Cilovan Bentemben 1 to Gasm verid's tale Af ye adr' at the Centiry of Prog ues exposition in Chicago.
INDIANOLA Iowa March 24 A Proudfool president of the board of trustees at Simpson College faced a crude egg shower at a chapel meeting after he urged students to avoid dancing. The incident drew local attention as officials condemned the act while noting campus tensions over social events.
NEW YORK March 24 The Dun and Bradstreet weekly review said business was procured with more vigor and that anxiety has given way to renewed confidence. Texas railroads lose Austin March 24 A report to the state railroad commission shows operating income of 38098 for the month ended January 31. The same period last year had an operating loss of 38707.
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