Glass Bank Bill Clears House in Fast Track Vote
Washington June 13. The Glass-Steagall Banking Reform and Deposit Insurance Bill won final House approval today as Democrats push to adjourn. The plan includes bank deposit insurance and accelerates passage of three other measures while limiting veterans' compensation changes. Harrison indicated the bill would become law this week despite protests and proposed reforms to Roosevelt’s savings plan.
MENTIONED IN THIS ARTICLE
Washington
Congress
Harrison
Senare Finance Committee
Roosevelt
House
Speedy
Roosevelt signs 2.2 billion Home Mortgage Aid Bill
President Roosevelt signed the Home Mortgage Aid Bill creating the Home Owners Loan Corporation with 200 million capital to assist mortgage burdened owners. The plan authorizes 2 billion in bonds exchange for mortgages, targeting homes up to 20 000 value with up to 80 percent first mortgage exchange and up to 5 percent interest long term. It also allows mortgage reductions and direct loans for taxes real estate assessments and repairs.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Home Owners’ Loan Corporation
Reconstruction Finance Corporation
Home Loan Administration
Fire at Couch-Uthe plant burns oily shavings on Buckeye
A small blaze at the Couch-Uthe Company plant on Buckeye street involved a pile of oily steel shavings. Elyria firemen quickly extinguished the fire, causing light damage. Flames reportedly spread from a rubbish burner, with the pile located about 20 feet from the factory building.
MENTIONED IN THIS ARTICLE
Couch-Uthe Company
Buckeye Street
Elyria
Boy Shot Through Left Leg Near Cascade Park
Kieth Cashner, 143, of 3852 East River street, was shot in the calf of his left leg at about 1 20 p m yesterday by a 22 caliber revolver found by a friend on a path in Cascade park near Glendale avenue. Police say four playmates Norman Crohurst, S819 Middle avenue Bob Pinkerton of 323 East avenue Thomas Flood of 21744 Third street and Don McMullen of 122 Elizabeth court were walking with him when Crohurst picked up the revolver and it discharged. Cashner was treated at Elyria Clinic then sent home. The boys discarded the gun and police later recovered it.
MENTIONED IN THIS ARTICLE
Kieth Cashner
East River Street
Cashner
Cascade Park
Glendale Avenue
Norman Crohurst
Middle Avenue
Bob Pinkerton
East Avenue
Thomas Flood
Third Street
Don McMullen
Elizabeth Court
Mattern Nears Nome on World Flight Return
Jimmy Mattern, flying the Century of Progress from New York, approached the American continent from Siberia and aimed for Nome Alaska ten days after leaving New York. He departed from Khabarovsk at 4 13 am local time and expected to reach Nome within about 20 hours, after a 40 hour maintenance stop.
MENTIONED IN THIS ARTICLE
Khabarovsk
Siberia
Jimmy Mattern
Bering Sea
Nome
Alaska
New York
Mattern
Kenton diver saved from drowning in Indian Lake incident
Kenton June 13. Robert Nevitt 25 Kenton dove into Indian Lake and struck his head on the bottom. Companion Albert Gerling rescued Nevitt from drowning.
MENTIONED IN THIS ARTICLE
Kenton
Indian Lake
Here
Robert Nevitt
Albert Gerling
Weather Forecast Ohio fair with cool night then rising temps
Ohio forecast calls for fair conditions with continued cool overnight. On Wednesday, weather will stay fair with slowly rising temperatures across the region.
MENTIONED IN THIS ARTICLE
Ohio
Dirigible Macon Rides Through Storm to Chicago
The dirigible Macon arrives in Chicago shortly after dawn during a 48 hour endurance test flight from Akron. With 97 aboard including 50 crew, 11 officers and technicians, the ship faced a gale over Lake Erie and Cleveland as it headed toward the Century of Progress from Akron.
MENTIONED IN THIS ARTICLE
Chicago
Akron
Lake Front
Loop
Lake Erie
Cleveland
Macon
Century of Progress
Alger H. Dresel
Navy Board of Inspection and Survey
Goodyear-Zeppelin Company
Steel mills at new high mark for the year
Cleveland reports steel operations at 77 percent capacity in May. In May 6,800 workers were recalled to Cleveland plants, lifting employment 4.4 percent from April and boosting consumption across all sectors by 82 percent as northern Ohio recovers from bank failures and a downbeat period.
MENTIONED IN THIS ARTICLE
Cleveland
Ohio
Cleveland-Lorain
U S Steel Reaches Highest Price Since 1931
United States Steel common stock rose to 38 5 8 on the New York Stock Exchange today, up 1 4 point from the previous close and 15 8 from the day’s low, as the overall market remained firm.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Stock Exchange
Gangsters in War Extermination In New York
Bodies of three more gangsters examined as rival racketeer mobs wage a deadly war in New York claiming at least 13 lives. Victims linked to Waxey Gordon and Dutch Schultz era, including Charles Cabrise Frank Lino Salvatore Tulumello and Louis Salli found bound and gagged in a midtown hideaway. Cabrise stabbed with an ice pick. police tie killings to retaliation for a bungled Memorial Day massacre of card players.
MENTIONED IN THIS ARTICLE
New York
Waxey
Gordon
Dutch Schultz
New York City
Charles Cabrise
Frank Lino
Salvatore Tulumello
Louis Salli
East Ride
Caprise
Squire Named President of Lorain County Bank
Lorain County Savings and Trust Co. directors elected S. H. Squire president to succeed A. B. Taylor. A. J. Plocher was named first vice president and James A. Hewitt second vice president in charge of real estate and trust assets. F. A. Smythe chairs the board. state banking department approved the action as depositors receive waiver blanks to sign for license.
MENTIONED IN THIS ARTICLE
Lorain County Savings and Trust Co
S. H. Squire
A. B. Taylor
A. J. Plocher
James A. Hewittt
F. A Smythe
Edgar F. Allen
L. B Fauger
James A. Hewitt
R. F. Vandemark
G. E Moyer
M. D
R. D Perry
J. C Parsch
B.C. Franklin
F H. Boylan
K. R. Jenson
J. W. Brandt
Leo R. Meeer
State Banking Department
Board of Directors
Lorain County Savings & Trust Plan Sent To Depositors
The bank asks depositors to sign consent to a plan to resume normal operation. It offers immediate access to 60 percent of restricted deposits, with the remaining 40 percent placed in a trustee fund until frozen assets are liquidated. The plan requires court and regulator approvals and reserves the right to limit withdrawals.
MENTIONED IN THIS ARTICLE
Lorain County Savings and Trust Co
Lorain County Savings & Trust Company
Elyria
Ohio
State of
Court of Common [Pleas
Lorain County
Stop Gap Tax Plan Sought by Ohio House Panel
A House Taxation Committee in Columbus tacitly backs a stop gap revenue program to fund relief and schools for 1933. A special fall or early 1994 extraordinary session would reconvene the Legislature to enact emergency taxes, with an informal joint session with the Senate to consider measures. The plan includes a net income tax with 5 to 13 percent rates and administration bills for a sales tax and gasoline tax diversion, plus relief funding uses.
MENTIONED IN THIS ARTICLE
Columbus
House Committee of Taxation
Jerome Curtis
Cleveland
House Committee
Senate Taxation Committee
White
House
Senate
Curtis
House Taxation Committee
P. E. Ward
Geauga County
Banking Inquiry To Be Resumed June 26th
Senate stock market investigators ordered the inquiry into commercial and private bankers to resume at 10 a m on June 26. Ferdinand Pecora, committee counsel, could begin examinations of representatives from any one of three banks Dillon Reed and Company Kuhn Loeb and Company or the Chase National Bank.
MENTIONED IN THIS ARTICLE
Washington
Senate
Ferdinand Pecora
Dillon, Reed and Company
Kuhn Loeb and Company
Chase National Bank
Cool Wind Brings Relief in Ohio Storm
A northwest gale swung Ohio’s weather from heat to the season’s coolest thus far this month. The storm’s peak hit northern Ohio near Lake Erie and southern Ohio with effects reaching West Virginia and Kentucky. Three lightning deaths occurred in the tri state area, including Hubbard Cameron near Grayson Kentucky and Albert Newman in Ton ton, as well as Earl Eakins in Ceredo West Virginia. The Navy dirigible Macon passed overhead with 90 aboard amid the storm en route from Akron to Chicago. Four Cleveland area fishermen were rescued after their boats overturned in the high wind. Property damage reported around Cleveland.
MENTIONED IN THIS ARTICLE
Ohio
Lake Erie
West Virginia
Kentucky
Tristate
Hubbard R. Cameron
Grayson
Albert Newman
Ronton
Earl Eakins
Ceredo
W. Va
Coreyville
Macon
Acros Lake Erie
Akron
Chicago
Cleveland
Tension Over War Debts Between Europe and United States
The June 15 deadline for Europe to pay war debts to the United States approached as Britain considered a partial payment around ten percent of 75,950,000. Italy was expected to follow, France potentially defaulting, with a public struggle between those urging a united front by default and British factions insisting on payment to preserve credit.
MENTIONED IN THIS ARTICLE
Europe
United States
Atlantic
Great Britain
Italy
France
Britain
United Kingdom
Depositors And Borrowers Of Loan Co Meet
A meeting of depositors and borrowers of the First Savings and Loan Company was held last evening at the Odd Fellows Hall to discuss the company's situation and explore a plan beneficial to both groups. Vic Breitenstein, secretary of the company, addressed attendees and outlined the current restrictions on deposits.
MENTIONED IN THIS ARTICLE
First Savings and Loan Company
Odd Fellows Hall
Vic Breitenstein
Chancellor of Britain delays debt speech
London dispatch says Neville Chamberlain, Chancellor of the Exchequer, spoke to a crowded house after 6 PM and said his highly anticipated debt speech had been postponed until 10 PM due to unavoidable reasons.
MENTIONED IN THIS ARTICLE
Britain
London
Nevills Chamberlain
Exchequeer
Massachusetts votes on repeal of 18th amendment today
In Boston, Massachusetts voters faced a simple wet victory forecast as the state weighed repeal of the 18th amendment with a tight contest in one of its ten congressional districts. Massachusetts looked to become the eleventh state to approve repeal, continuing a shift that began with the first ten states.
MENTIONED IN THIS ARTICLE
Boston
Mass
Massachusetts
Teacher In Race For Council
Earl Lautenschieger, a Republican, seeks the First Ward council seat. A Elyria High School and Ollegate University graduate, he teaches science at Clearview High School.
MENTIONED IN THIS ARTICLE
Earl Lautenschieger
Marwood Street
Lautenschieger
Elyria High School
Ollegate University
Clearview High School
House Tax Committee Backs Net Income Tax Principle
Columbus June 13 The House Taxation committee voted 9 to 7 in favor of the principle of a net income tax and approved a subcommittee to draft a bill for full committee review. The panel noted a 13 vote is needed to report to the House. Members voting yes included Bostwick Madison Curtis Kelfer Clark Creesy Lehmann Sandusky Mildren Washington Ward Geauga Whitney Delaware and Kaser. Opposing were Allen Dunn Frick Gradison Niswanger Montgomery Roberts Stark and Goodwin.
MENTIONED IN THIS ARTICLE
Columbus
House Taxation Committee
House
Bostwick
Madison
Curtis
Cuyahoga
Kelfer
Clark
Creesy
Ashtabula
Lehmann
Sandusky
Mildren
Washington
Ward
Geauga
Whitney
Delaware
Kaser
Shelby
Allen
Hamilton
Dunn
Tuscarawas
Frick
Scioto
Gradison
Niswanger
Montgomery
Roberts
Stark
Goodwin
Butler
Airplanes Lock Wings Kill Two Army Officers in Idaho
Boise Idaho June 13 Lieutenants George B Hallet and Whitney Close both of Spokane Washington were killed today when their airplanes locked wings and crashed. The officers were piloting Douglas Observation planes from the Spokane Army Air Base directing artillery Idaho National Guard.
MENTIONED IN THIS ARTICLE
Boise
Ida
George B. Hallet
Whitney Close
Spokane
Wash
Spokane Army Air Base
Idaho National Guard
Daladier pleads to end currency war at World Conference
At London plenary, French Premier Edouard Daladier urged 66 nations to end the currency war and restore gold standard to stabilize the dollar and pound. He called for harmonizing policy to avoid economic conflict and rebuild wealth on stable monetary terms. Secretary Hull was absent, delaying his speech to tomorrow for unspecified corrections.
MENTIONED IN THIS ARTICLE
London
United States
Edouard Daladier
France
Cordelle Hull
Daladier
Daladiel
Guido Jung
Finnamce
G@gregation
Feel Concern for Safety At Jimmie Mattern
NOME Alaska June 13 reports that heavy fogs settled over the Bering Sea along Matterns flight route from Khabarovsk causing apprehension for the safety of globe circling flier Jimmie Mattern.
MENTIONED IN THIS ARTICLE
Nome
Alaska
Jimmie Mattern
Bering Sea
Khabarovsk
Ohio State honors awarded at state university commencement
In Columbus Roger L L Tecklenberg of New Bremen received an efficiency prize in practical pediatrics during the 56th annual commencement. In Tiffin Miss Gertrude Hasperslaugh of Bucyrus will receive Magna Cum Laude honors as Heidelberg College graduates 62 seniors. In Kenton Geo H Lingrel the Republican incumbent and Willis Bopp the Democrat, both present mayoral candidates, filed unopposed for the August primary.
MENTIONED IN THIS ARTICLE
Columbus
Roger l L. Tecklenberg
New Bremen
Ohio State University
Tiffin
Gertrude Hasperslaugh
Bucyrus
Heidelberg College
Richard Eckstein
Sulphur Springs
Erdis Kollar
Upper Sandusky
Thelma Kranich
Richard Stoner
Kenton
Geo. H. Lingrel
Willis Bopp
Protest to challenge petitions on Mosier repeal law
Fremont reports a protest to be filed with Secretary of State Myers in Columbus against Ohio Anti-Saloon League petitions for a referendum on the Mosier repeal convention law. The American Order of Camels says signatures were improperly obtained and signers were told it had nothing to do with wet and dry laws.
MENTIONED IN THIS ARTICLE
Fremont
Myers
Columbus
Ohio Anti-Saloon League
American Order of Camels
Merchant In City Council Contest
Robert Kek Chresler of 339 Led Street seeks a seat in the Fourth Ward City Council. He has filed petitions and has lived in Elyria for 21 years owning a retail business.
MENTIONED IN THIS ARTICLE
Robert Kek Chresler
City Counet
Cheslet
Counet
Mle Hae
Been & Elyria
Four-H Club Leaders Gather for Lorain County Conference
About 250 Four-H leaders and officers from Lorain County will meet tomorrow night at the Elyria YMCA for the annual Four-H Club Leaders and Officers Conference. Each of 423 girls clubs and 18 boys clubs will send one leader and three officers for a day of training with four sessions, plus parliamentary procedure demonstrations by three clubs.
MENTIONED IN THIS ARTICLE
Lorain County
Elyria
Y. M. C. A. Listyone
Varioma Clubs
Guy Hammon
Huron County
H. W. Harshfield
Cuyahoga County
3. N. MacIntosh
Medina County
O. C. Croy
Ohio State University
Fwer
Crapani
Also Mentioned on This Page
Glass Bank
Industry Control Pu
NDBL
IO Ogene
American
Aleutian Islands
Pacific Ocean
Dirigible
U.S
Bulletin
Squire
BAN
Plocher and Hewitt
H. Squire
United Press
Earl Lautenschleger
House Tax Committee
Nations
Evattewee
Toledo. O
Electric Auto-Lite Company
Cleveland, O
Morris Asher
D L Cowless
Akron-Medina
Asher
Roy Kruggel
Cincinnati
Burk
Harry Hartke
Cooperative Pure Milk Association
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