Nation Goes On Modified Bank Holiday
Washington reports a four day modified bank holiday as the nation faces an economic banking crisis. Democratic leaders unveil a threefold plan to stop withdrawals, empower the controller to use good security as collateral, and insure return of deposits. President Roosevelt issues a midnight proclamation banning gold payments as emergency currency begins with clearing house certificates. Congress summoned to meet in extra session Thursday.
MENTIONED IN THIS ARTICLE
Washington
AU PA
Comptroller of
Roosevelt
Congress
Leaders vow rapid action on emergency banking bill
Democratic leaders in Washington push for quick passage of emergency banking legislation in Roosevelt’s special session. Majority Leader Robinson says Senate Democrats will caucus to bind members, aiming for a decisive first message and possible federal deposit guarantees amid bank crises.
MENTIONED IN THIS ARTICLE
Washington
Congress
Roosevelt
Robinson
Senate Democrats
George
Dem. Gam
Ohio Weather Quietly Shifts With Rain North and South
The forecast notes rain in the south of Ohio and rain or snow in the north tonight. Temperatures rise tonight and again on Tuesday in the extreme east portion, signaling a gradual warmup ahead.
MENTIONED IN THIS ARTICLE
Ohio
Fox Furnace To Resume Tomorrow
Announcement states Fox Furnace Co will resume operations on its regular schedule tomorrow morning. Regular employees are asked to report for work on Tuesday morning.
MENTIONED IN THIS ARTICLE
Fox Furnace Co
New Clearing House Certificates Promise Temporary Money
Citizens await a new temporary currency as four day banking holiday closes banks nationwide. Clearing house certificates or scrip will circulate as promised money backed by bank assets, with possible deposits exchanged for certificates. Federal Reserve supervision aims for nationwide circulation and quick, coordinated distribution.
MENTIONED IN THIS ARTICLE
Treasury
Federal Reserve Banks
Elyria Board Approves Plan to Pay Teachers Ahead
The Elyria City Board of Education approved in principle a plan to pay teachers despite withdrawal restrictions. The plan shifts funds to a special account and issues smaller denomination checks, with pay due Friday and details not yet finalized.
MENTIONED IN THIS ARTICLE
Elyria
Elyria City
E. J. Howenstine
Ohio Association of Boards of Education
Columbus
Mayor Cermak Dies After Assassination Shooting
Antony Cermak known as Tony from the coal mines and mayor of Chicago died at 6 55 am after a 19 day battle following a bullet wound from assassin Giuseppe Zangara who aimed at Franklin D Roosevelt. A grand jury was summoned to indict Zangara for first degree murder. he faces possible death penalty.
MENTIONED IN THIS ARTICLE
Miami
Fla
Antony Cermak
Tony
Franklin D. Roosevelt
Cermak
Giuseppe Zangara
Zangara
Mrs Gill Shows Slight Improvement After Attack
Mrs Joseph Gill, wounded in the same incident that harmed Mayor Anton Cermak, was reported slightly improved today though still in critical condition due to a developing slight infection.
Grain pits at standstill halt Chicago markets
Chicago on March 6 saw the nation’s grain markets frozen amid a banking crisis. The Chicago Board of Trade suspended trading for the first time in 85 years, leaving only the livestock market and cash grain transactions open.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Banks open safety boxes under Washington order
In Columbus Ohio banks opened their safety deposit boxes at noon following orders routed from Washington through the district chief bank examiner. The action was taken today as part of federal directives.
MENTIONED IN THIS ARTICLE
Columbus
Washington
Cyclone Hits Shelby County Hospital Killing Two
A cyclonic wind collapsed the roof and east wall of Shelby County Hospital in Texas, killing at least two people and injuring many. Rescue crews evacuated patients from the three story brick building, with the men’s ward hardest hit. the hospital serves the demented and is about six miles from the business district.
MENTIONED IN THIS ARTICLE
Texas
Memphis
Tenn
U.P
Shelby County Hospital
Chinese suffer heavy losses as they are driven back
Chinese forces face heavy casualties as retreating brigades fall back under Japanese bombardment near the Kupeikow and Hsifengkow passes. A systematic Japanese mop up drives remaining Chinese units through passes in the great wall toward Peiping after Cheng tehfu seizure.
MENTIONED IN THIS ARTICLE
Pelping
China
Kupeikow
Hsifengkow
Jehol
Chengtehfu
Great Wall
Peiping
Bitter political battle starts after Cermak death in Chicago
Chicago erupts in heated struggle as Mayor Anton J. Cermak dies from a Miami shooting. Opponents attack what they call his one man government and push to reclaim city control for the Insh.
MENTIONED IN THIS ARTICLE
Chicago
Anton J. Cermak
Miami
Fla
Cermak
Insh
Martial Law and Dictatorship Declared in Greece
In Athens on March 6 General Plastiras proclaimed martial law and a dictatorship after a general election saw the government defeated.
MENTIONED IN THIS ARTICLE
Greece
Athens
Plastiras
Treasury announces checks cashing no gold payout
Washington March 6. The Treasury said it will cash all government checks but no gold will be paid out on government checks or gold certificates.
MENTIONED IN THIS ARTICLE
U.S. Treasury Dept
Washington
The
Treasury Today
Hoover Urges Backing for Democratic Banking Successor
Former President Hoover urged wholehearted support of his Democratic successor in the banking emergency. He said the President's proclamation should receive full support and cooperation from every citizen in response to newspaper requests for comment.
MENTIONED IN THIS ARTICLE
New York
Hoover
President Roosevelt Meets Senate Democratic Leaders
President Roosevelt held talks with Senate Democratic leaders after Walsh funeral services in the Senate Chamber. In the President's room he spoke with Senator Robinson of Arkansas and Senator Pittman of Nevada, two of his closest advisers.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Senate
Walsh
Robinson
Arkansas
Pittman
Nevada
Speedy caucus called to organize next Congress
Washington March 6 House Democratic leaders hurried the next Congress setup for Roosevelt emergency financial program. Speaker-elect Rainey summoned a party caucus to meet Wednesday.
MENTIONED IN THIS ARTICLE
Washington
House
Roosevelt
Rainey
Davis Lottery Case Assigned for Trial
Senator James J. Davis of Pennsylvania faces trial in New York before Federal Judge Johnson Jay Hayes. Co defendants Theodore G. Miller and Raymond Walsh were present when the case was called.
MENTIONED IN THIS ARTICLE
New York
James J. Davis
Pennsylvania
Johnson Jay Hayes
North Carolina
Davis
Theodore G. Miller
Raymond Walsh
Three Killed by Grazed Gunman in Cleveland
A crazed gunman battled police in Cleveland Colorado, killing three men and wounding eight others before he was slain. Victims include Roy Kneale, 42, a street car inspector, and Louis Kalley, a bystander. Patrolman Herman Pahler was among the wounded.
MENTIONED IN THIS ARTICLE
Cleveland, CO
U. P
Roy Kneale
Louis Kalley
Herman Pahler
Ten Killed In Own Accidents In Ohio Over Weekend
United Press tally shows at least ten deaths from accidents across Ohio over the weekend. Victims include Rowena King 12 and Milton ONeil 47 of Toledo. Bercie Stearns 39 Cincinnati. W A Haas 60 Cleveland. James Snyder 50 Fort Hayes Columbus. Bernard Baute 11 Cincinnati. Hazel Hynes 36 Columbus. Charles Logan 65 Joe Metzsinger 65 Youngstown from drinking poison, and Peter F Syfers 62 Columbus who fell on stairs.
MENTIONED IN THIS ARTICLE
Ohio
United Press
Rowena June King
Milton O'Neil
Toledo
Bercie Stearns
Cincinnati
W. A. Haas
Cleveland
Corporal James Snyder
Fort Hayes
Columbus
Bernard Baute
Cincinati
Hazel Hynes
Charles Logan
Joe Metzsinger
Youngstown
Peter F. Syfers
Nation honors late Senator Walsh at state funeral
The nation paid tribute to Thomas J. Walsh with solemn funeral services in Washington. President and top officials attended as Archbishop Curley of Baltimore conducted the Catholic burial rite for the Montana senator, whose rise from obscurity to leadership was noted.
MENTIONED IN THIS ARTICLE
Washington
Thomas J. Walsh
Montana
United States
Curley
Baltimore
No Foreclosure Moratorium Declared By Judge
Judge W. B. Thompson announced at the Lens County Bar meeting that he will not issue foreclosure orders during the financial crisis unless property waste or other losses to parties justify action. He emphasized assessing each case on its circumstances before deciding. The judge noted no general moratorium was adopted despite recent focus on such actions.
MENTIONED IN THIS ARTICLE
Common
W. B. Thompson
Lotain
Thompson
Printing of Nome scrip under emergency decree
Under Roosevelt era action banks may issue scrip as a substitute medium. Nome Engravers are producing currency backed by vault security for daily business when banking transactions resume. New York plans Clearing House Certificates to be issued tomorrow as part of the unsettled banking situation.
MENTIONED IN THIS ARTICLE
Roosevelt
New York
National Business Women's Week Launches Across Cities
Thirteen hundred and twenty five business and professional women's clubs in as many cities begin the sixth annual National Business Women's Week from March 5 to 11. The program centers on forums on community problems unemployment relief education and public education.
MENTIONED IN THIS ARTICLE
Hoover
W. H. van Oster
First Congregational Church
Eva Mackey
Helene Schmidt
Treasury Secretary Outlines National Exchange Plan
Secretary Woodin said plans for a national medium of exchange to meet payrolls and emergency needs would be in operation by tomorrow. Local issuance, federal supervision, and banking holiday checks were discussed with emphasis on scripts and clearing certificates under President Roosevelt's proclamation.
MENTIONED IN THIS ARTICLE
Secretary of Treasury
Woodin
Washington
Mar
Treasury
Roosevelt
National action awaited on scrip plans and bank holiday
Local bankers and merchants welcomed Washington plans for a national emergency currency. Elyria bankers say a nationwide scrip is needed to keep business running, while the Chamber of Commerce reports a local scrip scheme but stays idle until federal plans are announced. Banks will remain open until the holiday ends on Thursday.
MENTIONED IN THIS ARTICLE
Washington
Elyria
Chamber of Commerce
Also Mentioned on This Page
Steagall
House Banking Committee
Senator Glass
Glass
Fox Furnace
Cermak Ies
TOON
Bulletin
Nation
Charles Evans Hughes
Herbert Hoover
James Roosevelt
Roosvelt
Justice Hughes
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