Plans To Restart Economy Amid Holiday Closure
The nation faced a holiday shutdown proclaimed by Roosevelt as leaders planned resuming business with assurances of funds or substitutes for Minnesota and New Jersey. Treasury Secretary Woodin said banks would reopen to permit payments and deposits using scrip if needed, while New York banks prepared to support certificates. The Clearing House held scrip reserves as markets paused and Congress prepared caucus sessions ahead of a special session.
MENTIONED IN THIS ARTICLE
ington P
Kent Roosevelt
Minnesota
New fency
tary Woodin
treasury
aring house
focal banks
nh exchange
fnvornor Lehman
New York
a.ia. a. ms
Roosevelt
Tre
ion
Governors Back Roosevelt Four Day Bank Holiday Plan
Governors White of Ohio Green of Rhode Island and Buck of Delaware joined Roosevelt in Washington to discuss the four day banking holiday and gold embargo. The conference endorsed the president's actions and prepared a formal resolution of approval for submission to the treasury secretary.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
White
Ohio
Green
Rhode Island
Buck
Delaware
secretary of the treasury
Wisconsin Leaders Meet Roosevelt on Banking Situa tion
At Washington conference Governor Schmedeman secretary Leo Crowley and Democratic committeeman C Broughton conferred with Governor and President Roosevelt on the current banking situation and topics including tax curtailment and federal unemployment relief.
MENTIONED IN THIS ARTICLE
Washington, D. C
A. G. Schmedeman
Leo Z. Crowley
c. BE. Broughton
national democratic
Roosevelt
execu
Optimism Expressed By Sheboygan Bankers Meeting
Bankers and trust officials gathered in Sheboygan to discuss the Roosevelt proclamation closing financial institutions. They expressed confidence in the financial system and saw a coming reconstruction period after deflation. Banks in the city opened for Change and safety deposits only as discussions on scrip and taxes on hoarded wealth continued.
MENTIONED IN THIS ARTICLE
Sheboygan Clearing House association
Bankers, building and loan association
trust company
Roosevelt
Washington
Clearing House association
Index To Laws Chapter 23 Repeal of the Eighteenth Amendment
The index lists Chapter Laws on page 14 detailing the amendment to the Constitution of the United States for the repeal of the Eighteenth Amendment. It notes Chapter 23 as the governing reference and indicates the location within the law book.
MENTIONED IN THIS ARTICLE
United States
Scrip Plan Adopted For State Banking Changes
The Milwaukee Clearing House Association ordered 25 million dollars in scrip printed in denominations of 1 5 10 and 20 each colored and same size as federal currency. The plan to reopen Wisconsin banks on a scrip basis faces federal action and a four day national holiday. Local banks may receive part of the scrip as reopening nears with deposits and credit details to follow Wednesday morning. Leo Crowley and state banking officials prepare to meet in Madison to finalize the arrangement ahead of reopening.
MENTIONED IN THIS ARTICLE
Milwaukee
Madison
Wis
Whiaconsin j
Roosevelt
Wisconsin
Milwaukee Clearing House Association
Leo T. Crowley
State Banking Review board
Washington
A. C. Kingston
Scrip System To Operate On National Basis
Secretary Woodin said the treasury is drawing plans for a national scrip system to meet payrolls and emergencies. He noted federal certificates will not be issued and local issuance will be supervised by the federal government. Regulations for regions will be drafted and the plan to operate nationwide expected by day’s end.
MENTIONED IN THIS ARTICLE
Scrip
Washington
Treasury
Woodin
Roosevelt
Proclamation On Banking Holiday 1933 by Roosevelt
The proclamation declares a bank holiday from March 6 to March 9 1933 to suspend banking operations in the United States and its territories. It bars withdrawals and transfers of gold or currency, limits lending and foreign exchange, and permits Treasury action with federal guidance to safeguard deposits and halt hoarding.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Franklin D. Roosevelt
United States of America
shell
United States
secretary of the treasury
federal reserve banks
Death of Chicago Mayor Cermak After Zangara Shooting
Miami reports Mayor Anton J. Cermak dies in Jackson Memorial Hospital at 6 57 am Eastern Standard Time from gangrene of the right lung caused by the bullet fired by Giuseppe Zangara during the Feb 15 Bay Front Park assassination attempt on President Roosevelt. Coroner's jury had ruled the death a gunshot result.
MENTIONED IN THIS ARTICLE
Miami
Frs
BE. Cc. Thomas
Anton J. Cermak
Chicago
Giuseppe Zangara
Thomas
M. Vernon
Cermak
Bay Front Park
Richey Graham
Frank Jirka
Edward J. Kelly
South Park
Frederick Tice
R. C. Woodward
Walter Wright
Clara Beesley
Joe Cermak
John Kallal
Zangara
Democrats Plan Early Action On Banking Crisis
Democratic leaders outlined a three point emergency plan to halt bank withdrawals, empower the Comptroller of the Currency to bolster bank collateral and clearing house certificates, and insure deposits. The program aims for quick banking legislation in a special session, with a broader agenda including legalization of beer. A House caucus was set for Wednesday to organize banking and fiscal committee work.
MENTIONED IN THIS ARTICLE
Washington
congress
senate
house
Rainey
cacus
Random Lake Milk Pool forms with forty charter members
A Random Lake milk pool charter with forty farmers was completed in a Saturday night meeting at the auditorium. About 300 farmers attended as Melvin Foster became president and Peter Kien secretary treasurer. The group will meet again to pursue milk price boosts to 1.40 per hundred pounds with speakers Herman Kruke Theodore Shannon and John Dries addressing the crowd.
MENTIONED IN THIS ARTICLE
Random Lake
Melvin Foster
Peter Kien
Herman Kruke
Theodore Shannon
Port Washington
John Dries
Saukville
Full Cooperation Predicted By Duffy
Wisconsin Senator F Ryan Duffy forecast the president would receive complete congressional cooperation during the current emergency. He urged prompt positive action and stated Wisconsin citizens would approve administration measures as Congress backs the effort.
MENTIONED IN THIS ARTICLE
Washington
F. Ryan Duffy
Wisconsin
Roosevelt
congress
Duffy
Machinery Set Up For Convention On Repeal
Madison report notes a list of fifteen candidates to back repeal for a Wisconsin constitutional convention. Will include a woman as the fifteenth member. convention set for April 2 with voting April 4. Names cover William Mauthe Fond du Lac C Broughton Sheboygan George Vite Manitowoc Mrs Gertrude Bowler Sheboygan Louis A Arnold Milwaukee H A Bransted Eau Claire Dr Victor Minahan Green Bay Dr F H Frey Wausau Peter Cadigan Superior Harry Sauthoft Madison Lawrence Brody La Crosse William G Bruce Milwaukee Chauncey Yockey Milwaukee Dr R C G Thackerary Racine. Fox bill signs a state convention call on ratification. nominations nonpartisan for 15 delegates via petitions due March 15 with 1000 signatures required. Two-color petitions printed white for repeal supporters and green for other delegates.
MENTIONED IN THIS ARTICLE
Madison
Wis
U. S
John J. Blaine
Willliam Mauthe
Fond du Lac
Broughton
Sheboygan
George [ Vite
Manitowoc
Gertrude
O'Malley
secretary of state
Power Of Hitler Gaining Union in German Elections
Berlin reports that the Nazi National Socialist party won a sweeping victory in the Reichstag and Prussian diet elections. Hitler’s bloc appears to hold a clear majority, with 288 Reichstag seats and 52 for nationalist allies, signaling major shifts against democracy and communism.
MENTIONED IN THIS ARTICLE
W. E. BROCKMANN
Berlin
Hitler
Reichstag
Mussolini
popullata
Nation's High Officials Honor Senator Walsh
Senator Walsh lay in state in the senate chamber as President Roosevelt and mourning colleagues paid tribute. The silvered casket rested among flowers, with Mrs Roosevelt and their son James entering. Former officials and fellow senators attended, honoring Walsh who died early Thursday.
MENTIONED IN THIS ARTICLE
Washington
Thomas J. Walsh
Montana
senate
Roosevelt
White House
James
Benatoré
Walsh
Moses Nea
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Newne
conwy
govd mint
Philadelphia
Cally
Democratic Caucus
Hoover
JOHN F CHESTER
Waldorf Astoria
Herbert
Lawrence Richey
poe
Anton Cermak
yiesin
Richeye
HPHIVE
Milwaukee Group
Crowley
Hermann Georing
min
Senator Walsh
President Roosevelt