Roosevelt extends banking holiday and powers
The March 10 proclamation extends the banking holiday indefinitely and delays bank reopenings to at least Saturday. Treasury hurdles and federal reserve integration slow the process as banks await permissions. New currency is printed to support reopening while officials weigh which banks can resume operations.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Treasury
Congress
Woodin
Federal Reserve System
Government Engraving Bureau
White House
Treasury Department
Carter Glass
Dem. Va
Roosevelt seeks dictatorial powers to cut government costs
President Roosevelt urged Congress to grant dictatorial powers to swiftly trim expenses. He proposed eliminating a 5 billion deficit by cutting civil and military pay, aiming for a 500 million dollar saving and immediate action. He warned of looming bankruptcy and pledged a 600 thousand bond issue to create jobs.
MENTIONED IN THIS ARTICLE
Washington
U.P
Roosevelt
Congress
United States
The Weather Forecast Ohio
Fair and continued cold tonight. Saturday looks fair with rising temperatures. Northwestern winds diminish as high pressure builds. Overnight readings stay frigid with light frost possible in rural areas.
MENTIONED IN THIS ARTICLE
Ohio
Important features of the new banking bill
Washington reports outline Roosevelt emergency powers over financial institutions and markets during national crises. The Treasury would seize gold reserves, regulate withdrawals, and appoint conservators for banks. Banks could issue preferred stock. Fed notes backed by government obligations. advances available to banks and selected borrowers.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Secretary of Treasury
Federal Reserve System
Comptroller of
Federal Reserve
Comptroller
Reconstruction Finance Corporation
Federal Reserve Banks
Federal Reserve Bank
United States
Jesse Straus Named American Ambassador to France
Formal announcement of Jesse Straus a New York merchant as the American ambassador to France is expected daily with acceptability already indicated in Paris.
MENTIONED IN THIS ARTICLE
Jesse Straus
New York
France
Paris
Lorain County Relief Needs For April Through December
Relief needs for Lorain County communities are projected at 260000 for April to December this year based on current relief requests. County commissioners urge all municipalities townships and school districts to file reports today for forwarding to the State relief commission for approval. A five member relief committee will be appointed with one representative from Lorain Ely and two more districts to ensure equitable distribution of funds.
MENTIONED IN THIS ARTICLE
Lorain County
State Relief Commission
Lorain
Ely
Zangara Sentenced to Death for Cermak Slaying
In Miami on March 10 Guiseppe Zangara was sentenced to death in the electric chair for fatally wounding Chicago Mayor Anton J. Cermak during the February 15 attack aimed at President Roosevelt. Judge A Thompson urged firearm controls and urged Congress to confiscate unpermitted guns.
MENTIONED IN THIS ARTICLE
Miami
Fla
Guiseppi Zangara
Anton J. Cermak
Chicago
Franklin D. Roosevelt
A. Thompson
Zangara
Thompson
Toledo Banks Receiving Gold Rush
A back-to-the-bank gold rush grips Toledo as $25,000 in gold coins and certificates are withdrawn in 24 hours. A woman hurried into a bank, displayed $800 in gold, and cried that she did not want to be labeled a criminal before exchanging it for currency.
MENTIONED IN THIS ARTICLE
Toledo
Garrison Mutinies at Hulin in Manchuria
The Manchukuo garrison at Hulin mutinied killing the prefectural chairman and two Japanese officials. Advices received here report the deadly incident occurring today in Harbin Manchuria.
MENTIONED IN THIS ARTICLE
Harbin
Manchuria
Hulin
Prefectural
Sales Tax Explained Tonight Lorain County Meeting
A Lorain county sales tax meeting switches speakers with George Quinn of the Cleveland Retail Merchants' Board set to lead. C E Dittmer cannot attend as Ohio legislature has not adjourned. The gathering at 8 pm in the Lorain County Savings and Trust directors room is open to all businessmen and will discuss tax bills affecting restaurants gas stations beauty parlors dairies laundries and other lines including doctors lawyers and dentists.
MENTIONED IN THIS ARTICLE
Ohio Council of Retail Merchants
Lorain County
George Quinn
Cleveland Retail Merchants’ Board
C. E. Dittmer
Columbus
Lorain County Savings and Trust Company
Max Goldstein
Chile
Merchants’ Division
Elyria Chamber of Commerce
Treasury Secretary Plans New Banking Reopen Rule
Secretary Wood announced an executive order or regulation soon directing Federal Reserve banks to reopen for normal banking, with exceptions only where prohibited. Banks must apply for licenses through the relevant Federal Reserve district bank.
Hoover Urges Backing Roosevelt Emergency Measures
Former President Herbert Hoover urged strong support for President Roosevelt's emergency measures in a statement. He said there is one thing to do and that is to support the President's proposal.
MENTIONED IN THIS ARTICLE
New York
Herbert Hoover
Roosevelt
British posting signals Bingham as ambassador to London
Acceptance in London of Judge Robert W. Bingham of Louisville Ky as the next United States ambassador to the Court of St James has been assured. Bingham is shown leaving the White House after a conference with President Roosevelt.
MENTIONED IN THIS ARTICLE
London
Robert W. Bingham
Louisville
United States
Court of St. James
Bingham
White House
Roosevelt
Banks Await Clarity as Banking Law Interpreted
Elyria banks pause for official ruling from State Superintendent I J Fulton on the new banking law. Indefinite extension of the banking holiday arrives with no new instructions. Local banks say December statements have been filed and sent to Washington, while operations continue under restrictions.
MENTIONED IN THIS ARTICLE
Elyria
State
I. J. Fulton
Washington
Roosevelt Proclaims Banking Holiday and Currency Change
President Roosevelt issues a proclamation extending the banking holiday and imposing a gold embargo. Congress swiftly passes new banking legislation while the administration gains powers over banks and currency issuance. Woodin announces daily $30,000,000 in new money under the Banknote Bureau printing, with local conditions guiding scrip use and banks updating deposits and withdrawals.
MENTIONED IN THIS ARTICLE
Roosevelt
Treasury
Congress
Woodin
Bureau OF Engraving and Printing
West Virginia House Backs 1934 Prohibition Repeal Vote
The West Virginia House of Delegates voted 76 to 9 to submit repeal of the state prohibition amendment to a public vote at the 1934 election. The resolution directs state regulations and prohibits return of the saloon.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
West Virginia House of Delegates
Late Developments in Banking Situation
United Press reports broad presidential and Treasury control over banks under emergency legislation. Banks may reopen starting next week after extended holiday. New York Clearing House clears frozen checks. gold hoarders return metal. currency is printed at 30 million dollars daily. foreign exchange shows slight dollar depreciation.
MENTIONED IN THIS ARTICLE
New York Clearing House
Federal Reserve Banks
New York
Bills Propose Guarantees for Bank Deposits and Accounts
Senators Vandenberg and Dill reintroduce measures to guarantee time deposits and checking accounts up to five thousand dollars in the postal savings system. Senator McAdoo leads a plan to fund a depositors indemnity through bank assessments equal to one percent of deposits. The program allows immediate payouts if a bank cannot meet obligations with removal powers for risky bank officials.
MENTIONED IN THIS ARTICLE
Washington
Vandenberg
Repn
Mich
Dill
Dem
Wash
McAdoo
Denn
Calif
Federal Reserve
Federal Reserve Board
Katheryn Thrash Teen Dies in School Heart Attack
Katheryn Thrash, 13, died of a heart attack while seated with about 200 classmates during a Seiberling School auditorium lecture. The incident occurred on Thursday in Aeron Ohio.
MENTIONED IN THIS ARTICLE
Aeron, O
Katheryn Thrash
Seiberling School
President Roosevelt Requests Broad Pension Legislation
President Roosevelt outlines a budget message to Congress urging new laws to generalize pensions and veterans benefits and grant executive authority to set administrative details. He warns of government insolvency and urgent refunding needs while stressing justice, sympathy, and the defense of the nation’s basic welfare.
MENTIONED IN THIS ARTICLE
Congress
Legislation Sought Immediate Effect to Balance Budget
A legislative push urges immediate implementation of a bill. The sponsor argues it will quickly enable government income to cover expenditures within the year.
MENTIONED IN THIS ARTICLE
Wang
Roosevelt Signs Emergency Banking Bill Amid Informal White House Scene
In Washington on March 10 President Roosevelt signs the emergency banking bill as cameras roll. The informal scene includes Mrs Roosevelt, Secretary Woodin, and guests in a busy White House study with family moving, liver and onions on the table, and objects like ship models and horse trophies nearby.
MENTIONED IN THIS ARTICLE
Roosevelt
Washington
White House
United States
Franklin
Woodin
Secretary of the Treasury
Meggie
Bomb Addressed To Roosevelt Found In Watertown
A bomb addressed to President Roosevelt was found in Watertown New York post office this week. Authorities note a prior crude bomb mailed to Roosevelt in Washington before his inauguration and suspect the same person mailed both. A threatening letter to all presidents and governors was received last week and linked to the Miami shooting incident involving Giuseppi Zangara.
MENTIONED IN THIS ARTICLE
Watertown
N. Y
Roosevelt
Washington
Wattertown
Washington Post Office
Perso
Milllionaires
Zangara
Giuseppi Zangara
Mr. Roosevelt
Miami
Mayne Anton Cermak
Chicago
Also Mentioned on This Page
AKO
Jesse J. Straus
Germak
Cleveland
House
Hoover
New London
Robert Bingham
L J. Fulton
United Press
Bulletin
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