Ford Motor Company Seen Behind Michigan Banking Moratorium
Governor William j Com stock assigns blame to Ford Motor Company for the eight day halt on Michigan banking. Ford refused to subordinate its deposits to the R F C as did General Motors and Chrysler, forcing the moratorium to protect small depositors and allow an orderly reorganization.
MENTIONED IN THIS ARTICLE
Lansing
Mich
U.P
Michigan
Ford Motor Company
William 4. Comstock
Hick Posuts
Union Guardian Trust Company
R. F.C
General Motors Corporation
Chrysler Corporation
Chrysler
R. FL
Quick Ussets
Ford Company
tHad
Michigan Bank Moratorium Declared Amid Financial Crisis
Detroit and Michigan officials, aided by the Reconstruction Finance Corporation and federal authorities, impose a seven day banking moratorium to stabilize Union Guardian Trust Company and prevent withdrawals. Officials say the RC has loans to several Michigan banks and aim to settle the crisis.
MENTIONED IN THIS ARTICLE
Washington
U.P
Reconstruction Finance Corporation
Michigan
Secretary of the Treasury
Detroit
Mich
William A. Comstock
Roy Chapin
United States Treasury
Federal Reserve Bank
Union Guardian Trust Company
Gov
Comstock
Union Guardian
Louisiana Plan
Louisiana
Weather forecast for Ohto turns to rain then snow
The forecast calls for clouds and colder conditions with probable rain shifting to snow in the southeast tonight and Wednesday.
MENTIONED IN THIS ARTICLE
Ohto
Japan to Order Occupation of Jehol Provinces
Jehol faced large scale warfare as Japan prepared three ultimatums. Japanese drive to sweep Jehol and possible expansion toward Tientsin and Peiping loom. Soong vows united Chinese resistance. world opinion and League of Nations reaction loom over Manchuria issue.
MENTIONED IN THIS ARTICLE
Peiping
Jehol
Japan
Great Wall
Tientsin
Nanking
T. V. Soong
China
Far East
League Assembly
Shanghai
League
Manchuria
Police predict Boettcher kidnapped Denver heir to be released
Denver police chief A T Clark says Charles Boettcher III will be freed within hours after a 60 000 ransom demand. The 33 year old heir to a Denver fortune was kidnapped last night in the rear of his home. Clark led a mass manhunt and pledged results within the day as family waits anxiously for his safe return.
MENTIONED IN THIS ARTICLE
Denver
Colo
Charles Boettcher
Iil
Rocky Mountain
A. T. Clark
West
Boettcher
Clark
Harter districting hearing postponed to Feb 22 in Columbus
The Harter bill delaying the district realignment moves to February 22 at 7 30 p m before the House Federal Relations committee in Columbus. It seeks to remove Summit county from the Lorain Medina district and add western Cuyahoga County triggering strong Lorain county opposition and a large local delegation planned for the hearing.
MENTIONED IN THIS ARTICLE
Harter
Columbus
House Federal Relations Committee
Summit County
Lorain
Medina
Cuyahoza County
Lorain County
Japan to Approve Record Budget for 1933 Exceeding Two Billion Yen
Tokyo reports the lower house passed the 1933 budget totaling over two billion yen, the largest in Japanese history. The budget awaits approval from the House of Peers.
MENTIONED IN THIS ARTICLE
Tokio
Japan
House of Peers
Northern Lorain towns unite to cut electric rates
Officials from Lorain Elyria Amherst and Sheffield Lake join to pressure the Ohio Public Service Company for lower rates. They consider a publicly owned generating plant to compete with OPS if rates stay high. A 12 member rate study committee will meet in Elyria to compare schedules and plan next steps.
MENTIONED IN THIS ARTICLE
Lorain
Elyria
Amherst
Sheffield Lake Village
Lorain County
Larain
Ohio Public Service Company
O.P.S
Joseph Conley
Conley
Wesley Grills
Loram City
QO. P
Grills
Howard Butler
J. J. Smythe
A. M. Keep
Sheffield
Leonard Smith
Ohio
Elyria Council
Final Tax Payment Deadline Set for February 20
February 20th is the final date for tax payments. The State Tax Commission had extended time to Feb. 20th, with no further extension anticipated. At close of business, county treasurer’s office showed tax collections at 1,202,220 dollars.
MENTIONED IN THIS ARTICLE
State Tax Commission
Senate in Columbus Starts Feed Program Push
DAI Senate opens a program aimed at early adjournment with a steering committee calendar. They plan to advance relief for the needy funding for schools operation of the state and delinquent tax relief while moving to clear up building and loan issues. Democratic leaders say administration bills will not be pushed. A taxation plan proposes a general gross sales tax with counsel to study. Other senators propose tax on intangible property and a personal earned income tax for schools.
MENTIONED IN THIS ARTICLE
Columbus
Senate
Executive Branch
David Dearmond
Butler
Senator Dearmond
Paul Yoder
Dem
Standing
William Herner
Huron County
D. J. Gunsett
van Wert
Battle erupts as Peruvian and Colombian forces clash
In Leticia Colombia on February 14 reports say a battle has begun between Peru and Colombia. The government was advised today.
MENTIONED IN THIS ARTICLE
Bogota
Colombia
Leticia
Scrip Money Circulates in Elyria Through Local Merchants
Elyria Chamber of Commerce announces a city scrip program backed by cash in banks. Seventy five retailers will issue about 2375 dollars monthly, redeemable for merchandise and usable like cash except for gas water and utilities payments. Drawings monthly award prizes up to 100 dollars with winners redeeming at the chamber office.
MENTIONED IN THIS ARTICLE
Elyria
Elyria Chamber of Commerce
Public Utilities Commission of Ohio
Ohio Fuel Gas Company
Ohio Pub
Chamber of Commerce
Blyrna
Chamber of Commercce
Death of Ernie Schaaf prompts boxing probe
Boston heavyweight Ernie Schaaf died at Polyclinic Hospital after emergency brain surgery for injuries from his Friday knockout by Primo Carnera at Madison Square Garden. An autopsy was planned as investigators consider homicide charges and a possible boxing campaign revival.
MENTIONED IN THIS ARTICLE
Albany
Arthur L. Swartz
Ernie Schaaf
New York
Ermine Schaaf
Boston
Polyclinic Hospital
Primo Carnera
Schaaf
Carnera
Scully
Bellevue Hospital
Ernest Schaaf
Mae Schaaf
Elizabeth Sullivan
Johnny Buckley
Tony Palozzolo
Francis Scully
Madison Square Garden
Pollock Bill Moves to Cap Visiting Judge Fees
The House judiciary committee reported for passage the Pollock Bill to abolish the $20 a day visiting judge fee. The bill, with an amendment cutting the fee to $15 and allowing $6 daily expenses plus transportation, goes to the floor after previous disagreement. A prior proposal by Rep. William Pringle for a $10 daily rate for two years was defeated.
MENTIONED IN THIS ARTICLE
Judiciary Committee
House of Representatives
William Pringle
Highlights of Hoover Speech in New York
President Hoover pledges Republican support for measures aiding public welfare and opposing harmful policies. He warns on cheap goods from depreciated currencies fueling unemployment and urges currency stability among major nations to avoid economic war. He favors tariff increases for recovery, cautions against foreign propaganda, and calls for relief from arms burdens.
MENTIONED IN THIS ARTICLE
Hoover
New York
Republican Party
President Hoover calls for international economic revival
President Hoover, returning to Washington after a farewell address in New York, urged international cooperation to revive economies and stabilize currencies. He suggested using war debt payments to aid central banks and spoke of silver’s role in expanded coinage while noting the Republican party may oppose moves to unseat supporters. He predicted a Republican return to power despite party tensions.
MENTIONED IN THIS ARTICLE
New York
Hoover
Washington
White House
United States
Europe
National Republican Lab
Elyria Board Cuts School Salaries Ten Percent
The Elyria City Board of Education voted a ten percent salary reduction for teachers and other district staff, effective March 1 for the remainder of the 1932 33 year. Janitors will face reductions after a study of unit salaries, with total janitorial payroll cut about ten percent. The move saves about $26 000 for 1933 and reflects ongoing budget pressures while preserving essential educational services.
MENTIONED IN THIS ARTICLE
Elyria
Elyria City
Cxt
Father Finds Own Son Adsi After Roadside Injury
George Friedenstine of Murray Ridge road found his 18 year old son Donald injured along West street after being struck by two motorists. He carried him to Memorial hospital with James White aiding. Donald suffered a fractured shoulder and multiple cuts and bruises. Mrs. Friedenstine said he left home around 7 30 to walk to Elyria for orchestra practice.
MENTIONED IN THIS ARTICLE
George Friedenstine
Murray Ridge Road
Donald
Skip
Friedenstine
West Street
Memorial Hospital
James White
South Amherst
Elyria
Will You Have A Marist Tenant
A local appeal urges landlords in Elyria to advertise vacancies in the Chronicle Telegram Want Ad columns. The notice argues daily reader demand for rental listings and recommends placing continuous ads to maximize exposure and reduce vacancy loss.
MENTIONED IN THIS ARTICLE
Chronicle- Telegram
Elyria
Also Mentioned on This Page
Mier
University of Wisconsin, At Madison
Jette- Lee Luellen
Topeka
Kas
Miss Luellen
Jerol
United Press
Bulletin
William G. Smith
Carl Curtis
Ed. Notley
Edward Burrell
Sheffield Lake
FE. C. Stiwald
W. G. Schaeffer
DAI Senate
Lic Service Company
Ernie HA
Fef
Gut
Calla
Lincoln
Adsi
Murray Ridge
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