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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 28, 1933
Page
5
The legislature debated two emergency acts proposed by Governor George White to supervise banks. Provisions authorize suspension of deposits and special measures for banks in distress, including possible takeovers, liquidation steps, and new deposit protections with immediate effect.
Joe Otten won first prize in the Elks bridge tournament which closed last evening. Joe Knuff took second place with Fred Tite earning low honors. Twelve tables were active in the event and prizes were awarded as Elyria scrip money.
Frank S. Cook of Butte county died last evening at age unknown. He was born in Sever Ee da and had lived in the area most of his life. Survived by several relatives, funeral arrangements pending.
Public auction at the fairgrounds, set for March, was indefinitely postponed by F R Cantlemannerr due to a limited withdrawal order by banks. Cantle said sales would resume as soon as possible.
Attorney General John W. Bricker filed a test suit in Common Pleas Court against Tra J. Fulton state banking superintendent and the Commercial and Savings Bank of Nexis. The action seeks 1508.10 for forgery and improper deposits of highway funds by bank officials and former highway staff. The suit names several individuals including Frank Merabe and H. L. Walsh and aims to recover funds allegedly lost through unauthorized deposits and forgeries.
Richard Barnes age 6 of 155 Carolina avenue sustained minor injuries when he ran into a truck driven by J A Dully of 497 Lake avenue at the Cedar and Broad streets intersection yesterday. Police report the $45 p.m. incident to local authorities.
Helen Leonard of Lorain files for divorce from Mathew J. Leonard on grounds of gross neglect and extreme cruelty. The couple married in 1930 and have two children.
Fred Hosler and Edward Watson were each fined 23 dollars and costs after arraignment before Mayor W. H. Van Oster this morning on intoxication charges.
Mrs. John Hecedus, 40, of R. D. 1, sustained an injury to her right eye and hand lacerations when the car door opened and she fell from the vehicle, according to Memorial Hospital reports where she was treated.
Wiseke of Oberlin reported to police that his automobile was stolen from Oberlin last night.
Legislation signed by Governor George White authorizes banking officials to limit withdrawals for 60 days and extend periods. The measures empower the superintendent of banks to seize and reopen banks under court procedures, with Little Rock banks voluntarily restricting withdrawals to five percent. Ford seeks to organize new safe banks in Detroit to acquire failed institutions.
A fragment suggests a statesman could use disarmament to authorize battleship construction for medical purposes, highlighting a satirical or cautionary note on hidden agendas in arms policy.
Oberlin exchange club members enjoyed a luncheon program by Oberlin High School music departments. Performances included a boys wind quartet, two girls string quartets, and vocal numbers featuring Claren Williams Leroy Spradly and others with Miss Marian W Seheld directing.
A group of youths gathered Sunday evening at Miss Ruth Neiding’s home to celebrate her birthday anniversary with games singing and refreshments. Attending were Evangeline Hacker Wil torghby Brice Cora Hungerford Ed Lea Robert Lee Evelyn Hal Ser later Rogers Squires.
A charity benefit will be held hosting a fundraiser event to support local causes. Organizers invite community members to attend and contribute through donations and ticket sales at the planned venue.
Mayor Anton Cermak of Chicago remained unchanged in Miami after a restless night. At his request the oxygen tent was removed as pneumonia progresses. attendants report no major changes, with temperature 29.5, respiration 36, and pulse 128. He is described as fair or comfortable and hopeful after surprising resistance to the illness.
Paul Malenchini of Thexs Shovel Company Lorain will speak before Elvria Post No 12 American Legion on economic conditions in the United States versus Russia. His talk covers current conditions and their impact on workers and industry for Legion members.
A public drawing in Elyria offers 25 dollars for the first prize in Money for Elyria, with 210 and 25 prizes, to be held at 1 p m on Front Street in front of the courthouses. Winners must claim at the Chamber of Commerce by Saturday night with a second number drawn if needed. results to be posted in the Chronicle Telegram tomorrow night and in stores.
Friday evening March 3 a joint entertainment by LOF and KP clubs will feature choruses, an act play Who Kissed Barbara by the high school dramatic club, clog dancing, modern and old time dancing, and card games. Admission is a voluntary food donation or cash, with all proceeds aiding those in need.
Beginnings march 4 Sunday evening services at First Church during Lent with Rev J A Richards delivering sermons from the parable of the Prodigal Son. Oberlin Women's club Education dept held guest day at Wright laboratory with Prof W H Chapin speaking on Among the Old California Abssions. Rev Walter Trunks of St Pauls Akron to preach at Christ Church Thursday evening Lent services. Mr and Mrs James Anderson Lorain announce birth of daughter Marilyn Jean Saturday at Allen hospital.
Discussion centers on a proposed statewide restriction by the State Banking department to curb excessive withdrawals. Bankers urge depositors to remain patient as they await a broader fix and a return to normal liquidity.
Banks across Ohio extend withdrawal limits under new banking code changes urged by the administration. Gov White urges no banking holiday while lawmakers push rapid measures to ease liquidity. deposits frozen in Columbus Cincinnati Akron and many cities with Dayton declaring a three day bank holiday.
In Columbus on February 28 the Ohio senate approved two bills. Sen. Haynes Coshocton County seeks to cut the maximum interest rate on public funds to two percent and minimum bid on active funds to one percent, with a 29 to 0 vote. Sen. Liogd Portsmouth bills authorize non state aid districts to issue short term notes to cover debts and curb future borrowing, voted 30 to 0.
Algert Vostey Louriana oro mie found guilty of assault and battery for an alleged streetcar attack on William Linder in January. Linder suffered a broken leg, delaying the trial until today. Vogley to be sentenced this afternoon.
Deputies arrest 12 heavy truck drivers from dusk to 2 30 a m for violating a county order cutting the Butternut Ridge road limit to 7 12 tons for spring. Each is fined 25 dollars plus costs after arraignment before Justice Petro. Signs were posted by county officials warning truckers of the reduced limit.
City officials defend a new gas rate ordinance arguing it would save Elyria about 40 000 annually. Opponents threaten a referendum that could delay lower rates and incur further costs to residents.
Cleveland market notes list poultry as steady to weak with varied fowl types and weights. Potatoes show limited demand with New York Pennsylvania and Ohio buyers trading light, while cattle and calves move slowly with price ranges from 3.00 to 7.90 for good calves and 1.25 to 4.60 for steers and cows. Sheep receipts steady with moderate demand and wool and lamb values loosely described.
Receipts for 1400 head at Cleveland Livestock show a steady market with Daw-2800 Ths and a top bid of 975 for prime lots. Buyers weigh quality and weight, with bulk demand muted as traders assess inside discounts and practical top prices.
Insurance agents accept checks pending collection for fire and life premiums while factory heads seek payroll solutions. Utilities also issue checks subject to collection as residents and businesses cope with bank withdrawal restrictions. County Treasurer Backus accepts tax payments by check pending bank release, and bankers note cautious customers amid uncertain deposits and liquidity.
Coal dealers must pay credit within 24 hours draining cash reserves and forcing a ban on accepting checks for coal. Emergency needs trigger urgent meetings to find a workaround while county funds and charitable programs remain tied up. Local loan companies also pause check use, with leniency urged to aid struggling businesses. A Elyria merchant cites hope that relief arrives soon.
Hi Ho the sage of Chinatown says a four man who speaks but seldom saves time by placing himself under no courteous obligation to listen to others. Washington Star quote reflects a brusque view on conversation and efficiency.
W J Hales a railroad worker found an unidentified man about two o clock yesterday afternoon along tracks west of Brighton. The body was placed on a passing train and taken to Clarksfield. Huron County coroner ruled accidental death. The man was 40s, about five feet four, of apparent foreign descent with no ID on clothing or person.
In White Cloud Michigan dentist Dr Jay Schumaker struck three deer north of Brahman. One deer, about 125 pounds, was killed and left by the road. A second deer later stood in the road and was placed in the back seat by motorist William Philips who took it to White Cloud and surrendered it to conservation officer Arthur Green.
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