Elyria Banks Under State Oversight Amid Progress
T O McEldowney of the State banking department surveys Elyria’s three banks with Columbus officials. Aimed at a 100 percent reserve requirement before reopening, the case may rely on emergency legislation to free some deposits for liquidation and avoid insolvency. The president has pledged all banks reopening normally will be sound, and reports go to Columbus.
MENTIONED IN THIS ARTICLE
Elyria
Chronicle-Telegram
T. O. McEldowney
State Banking Department
Columbus
Ohio Assembly
McEldowney
United States
Union Trust Plan for New National Bank Reports Favorable
Cleveland dispatch notes federal officials favor a Union Trust Company plan for a new national bank with capital between 15 and 20 million dollars. RCC funds, deposits, asset liquidation, and a Guardian Trust reorganization are tied to the proposal as Cleveland banks seek rapid open after wartime freezes. Harold H. Burton, Guardian president, aims to present a strong case in line with federal rules and Union Trust outline.
MENTIONED IN THIS ARTICLE
Cleveland
Union Trust Company
National Bank
Washington
Reconstruction Finance Corporation
Union Trust
J. R. Kraus
Harold H. Burton
Guardian Trust Company
Kraus
Guardian Trust Reorganization Committee
Detroit
Baltimore
Federal Reserve System
Ohio
Guardian Trust
One Cent Federal Gas Tax to Continue
Washington March 22 The Roosevelt administration plans to re enact the one cent per gallon federal gasoline tax Byrns stated today in the House leadership briefing.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
House
Byrns
Ohio Forecast Warns of Rain in South Thursday
Fair tonight in Ohio with increasing clouds on Thursday. Rain is expected in the southern portion Thursday afternoon or night. Temperatures rise slightly in the south on Thursday.
MENTIONED IN THIS ARTICLE
Ohio
South Portion
Montana Senate Appointment Stirs Capitol Row
The new Montana senator presents papers to Vice President Garner in Washington. He succeeds the late Thomas J. Walsh and follows Gov. John E. Erickson who resigned to take the Senate seat after being appointed by the Montana lieutenant governor. Opposition to Erickson’s seating is reported in the Senate.
MENTIONED IN THIS ARTICLE
Montana
Thomas J. Walsh
Garner
Washington
John E. Erickson
Erickson
Senate
Arrest of former National City Bank official Mitch ell on tax evasion charge
New York March 22. Under orders from Washington the U S Attorney's office moves to press charges of income tax evasion against Charles E Mitch ell former chairman of all banks affiliated with National City Bank arrested at his Fifth Avenue home and freed on 10000 bail. Evidence claims he evaded 657124 40 tax due in 1929 to be presented to the federal grand jury. The case could be quickly tried as the statute of limitations nears expiry.
MENTIONED IN THIS ARTICLE
New York
Washington
United States Attorney
Charles E. Mitchell
Mitchell
National City Bank
Fifth Avenue
United States
Federal
Grand Jury
George Z. Medalie
Joseph W. Harriman
Department of Justice
Hoover Administration
Com
Harriman National Bank
Harriman
Senate Banking Committee
Roosevelt Jobless Army Plan Faces Bitter Opposition
March 22 in Washington reports intense House opposition to President Roosevelt’s proposal to recruit a 250000 man uniformed jobless army for public works at $1 a day. The American Federation of Labor and labor bloc leaders condemn the plan as repugnant and dangerous. Chairman Connery vows to fight the bill, calling his committee to meet amid strong opposition.
MENTIONED IN THIS ARTICLE
Washington
Tis
House
Roosevelt
American Federation of Labor
Green
Federation
Connery
House Labor Committee
White House
Thunderbolts
Requests for Help Fund to be Studied
Lorain county relief officials plan to study requests totaling about 235000 for sub divisions. Immediate relief for Elyria Sheffield and Amherst townships was approved. Five thousand dollars of gas tax money will be diverted for this month. Elyria to receive 3000 Sheffield 1206 and Amherst 800. State bond request to cover the rest under the excise tax was set.
MENTIONED IN THIS ARTICLE
Lorain County
County Relief Commission
James A. Hewitt
County Relief Committee
Elyria
Sheffield
Amherst Townships
Amherst
Proposed Electric Plant For Lorain County Faces Talk
Officials from Lorain county communities meet in the council chamber to discuss lowering electric rates. Mayor Joseph Conley of Lorain chairs a session planning a joint Lorain and Elyria plant to distribute power across the northern portion of the county.
MENTIONED IN THIS ARTICLE
Lorain County
Council Chamber
Wich
Joseph Conley
Lorain
Elyria
Ward Utility Bill Faces House Setback in Ohio
Columbus Ohio March 22 The Ward Utility Bill suffered a setback as the Ohio House declined to concur with a Senate amendment and opposed a 55 percent vote to adopt bond issues for municipally owned utilities. A conference committee will be named to seek agreement.
MENTIONED IN THIS ARTICLE
Columbus, CO
Ohio House of Representatives
House
Senate
Three More Ohio Banks Licensed
The Ohio state banking department licensed three banks to reopen. Union Bank Company Columbus Grove The Farmers Bank New Lebanon and The Citizens Bank Farmersville received reopening authorization.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
State Banking Department
Union Bank Company
Columbus Grove
Farmers Bank
New Lebanon
Citizens Bank
Farmersville
Ackerman Beer Bill Seeks State Liquor Commission
Governor White recommends immediate passage of the Ackerman beer bill to legalize and tax 3.2 percent beer and regulate its manufacture and sale in Ohio. The measure creates a seven member state liquor control commission with annual salaries of 1200, a $1 per barrel tax, and permits for Ohio breweries at 1000 annually, plus regional boards and stringent conflict rules.
MENTIONED IN THIS ARTICLE
Columbus
Ackerman
White
Ohio
Ohio Liquor Control Commission
Senate
State Liquor Control Commission
Commission
Pfaudler Co Grabs Beer Vat Orders After Legalization
Pfaudler Co of Elyria reports rising orders for beer vats as Congress passes a beer legalization bill. One order for 35 vats shows growing national demand. Calvert, the general manager, notes the firm’s two U S plants and international operations in England and Germany aiding post prohibition brewing equipment.
MENTIONED IN THIS ARTICLE
Elyria
Pfaudier Company
Congress
Harry S. Calvert
Pfaudler Company
California
Calvert
England
Germany
United States
Rochester
N. Y
Beer Legal on April 7 3.2 Percent Use Goes Legal in U S
Washington reports that the 3.2 per cent beer wine and fruit juice bill will become law on Friday April 7 with signatures from Vice President Gar ner and President Roosevelt. Speaker Rainey signed and sent the measure to the Senate as the White House awaited. Local post midnight rules will decide celebrations while breweries receive temporary permits and a $5 per barrel tax yields an estimated 1599 million annually. Democrats tout swift Volstead Act modification as administration marks its three week milestone.
MENTIONED IN THIS ARTICLE
Washington
Adolph
John Nance Garner
Franklin Delano Roosevelt
J. M. Doran
Bureau of Industrial Alcohol
Byrns Endorses Naval Build Plan for Treaty Fleet
House Majority Leader Byrns endorsed a naval construction program aimed at reaching treaty strength for the United States fleet. The proposal seeks to expand and modernize naval capacity to meet agreed limits and strategic needs.
MENTIONED IN THIS ARTICLE
Washington
United States
House
Byrns
LaFollette Seeks Ambassador Post as Russia Ties Grow
Wisconsin ex governor Philip LaFollette visits the White House with his brother Senator Robert Lafollette for talks with President Roosevelt. He recently returned from Russia and is mentioned as first ambassador to the Soviet once recognition occurs.
MENTIONED IN THIS ARTICLE
Philip LaFollette
Wisconsin
White House
Robert Lafollette
Roosevelt
Russia
United States
Ohio River Flood Crest Reached Near Cincinnati
The Ohio River flood crest reached in most areas between Portsmouth and Cincinnati. Thousands of refugees expect to return home in days as mild weather aids subsidence. Buildings collapsed in Cincinnati and Augusta, Ky, with losses and water shortages threatening public health measures. Ohio National Guard units assessed conditions in Portsmouth Batavia and Manchester.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio
Portsmouth
Ohio Valley
Augusta
Lunken
Mississippi
Cairo
Ohio National Guard
Batavia
Manchester
Lasovich Bond Set at $1,000
Lasovich bond set at 1000 dollars for the release of Sam Lasovich Lorain charged with manslaughter by Judge W B Thompson today. He was jailed awaiting a new trial or disposition after a jury disagreement during a recent trial. He allegedly fatally stabbed his landlady Angeline Kuma during a quarrel last Christmas.
MENTIONED IN THIS ARTICLE
Sam Lasovich
Lorain
W. B. Thompson
Lasovich
Angeline Kuma
Goodyear Consulting Engineer William State Dies
William C. State, long time Goodyear consulting engineer known as the man who built Goodyear, will be buried here Friday after services at his Fairlawn Boulevard home. He died Tuesday after a three month illness. State had been with Goodyear since 1901.
MENTIONED IN THIS ARTICLE
Goodyear
Akron
William C. State
Fairlawn Boulevard
State
Paroled on MadlaUgate manslaughter charge
Nicholas Schummer, who killed his nine year old daughter Elizabeth during a drunken quarrel at a Vermilion farm January 7, was paroled on a one year probation. Judge W B Thompson granted the term with wife’s attorney and prosecutors’ consent noting the man’s punishment and vow to abstain from liquor.
MENTIONED IN THIS ARTICLE
Nicholas Schummer
Elizabeth
Schummer
Vermilion
W. B. Thompson
John M. Harding
Clarence Dick
Roosevelt Plans Early Action on Farm Credit Relief
President Roosevelt prepares to send to Congress a farm credit bill to streamline control bodies and reduce mortgage interest. The plan also targets relief for small homeowners with extended financing terms, including private mortgagees and federal lenders. Drafts expected to be ready at the White House by Friday.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
White House
Congress
Insurance Companies
City council set special meeting to repeal gas ordinance
A special session was called for 11 30 P M by Mayor W H Van Oster to repea l the three year gas rate ordinance after the gas company refused the terms The move could avert a referendum on the 50 cent rate clause and bond held rates until final utility commission action. vote may be required to prevent the ordinance from taking effect
MENTIONED IN THIS ARTICLE
W. H. van Oster
Gas Company
Utilities Commission
Plan for Further Negotiation with GAOCO Gas Company
City leaders plan to negotiate with the Ohio Fuel Gas Company as an alternative to a June 19 referendum on a new gas ordinance. Mayor W. H. Van Oster aims to form a corps to explain the gas issue to 2700 referendum petition signers in hopes of withdrawals. Albert Kay, opposed to the three year ordinance, will present a two year proposal to company officials in Columbus.
MENTIONED IN THIS ARTICLE
W. H. van Oster
BE. M. Tharp
Ohio Fuel Gas Company
Ohio Fuel Gas
Kay
van Oster
Columbus
Mayof van Oster
Also Mentioned on This Page
IUD
Logal Bank Affairs
Union Trust CO
Newspaperhln
Senator Erickson
National
Dank Read
Hoosevelt
A. F. of L
Relief Commission
Liquor Control Commission
Ohio General Assembly
Pfaudler CO
Bulletin
Presidentt Roosevelt
Naval Construction Program
LaFollettes
LaFollette
Daughter
Carly
Lsd
P.M
Ohio Fuel Gas Co
Gaoco
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