05 Mar 1933
Page 1
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
The Sunday Times
Location
Mobile, Alabama, United States of America
Date
Mar 05, 1933
Page
1
An exuberant editorial lauds Franklin D. Roosevelt as the decisive leader to guide the United States through crisis. It praises his energy, vision, and authority, calls March 4, 1933 a pivotal, history-making moment, and contrasts him with Herbert Hoover while urging national mobilization and optimism.
The Mobile Times exposes loan sharks using installment liquidation to mask high interest. A $10 loan ends with $14 paid in eight weeks while the borrower loses job stability and principal reduction remains unrecovered. The shark may “blow” a customer when payments falter.
A Mobile man with six children borrowed funds to send them to school and became entangled with aggressive loan sharks. The story outlines the debt loop and the risks faced by families seeking education. It notes the couple’s pursuit of relief and possible legal or community help.
Legal action to seize and sell private property to collect a $39,000 judgment against the city of Mobile appears unlikely unless settlement efforts fail in the 26th paying venture bond case. The Times learned Saturday that petition for mandamus to compel sale of delinquent property was considered but not pursued.
The Alabama legislature fixes the legal interest rate at eight percent and explains usury provisions from the 1923 Code. It clarifies that any contract charging more than the legal rate is unenforceable except for the principal, and that borrowers cannot be made to pay beyond the principal if usury occurred. The text notes that the defendant must plead usury to obtain exemptions and that costs fall to the lender if usury is shown.
In Mobile during the nationwide banking moratorium, bankers face shortages with humor. J Finley McRae of Merchants National bank buys a five cent soda and signs to pay later, reflecting a calm, humorous response to the crisis.
Mobile joined a nationwide banking halt as Federal Reserve moratoriums shut banks in the Sixth District. First National and Merchants National operated under 5 percent withdrawal limits while American National Bank planned to reopen when the Fed easing arrives. Payrolls and commercial change were disrupted as city functions continued with limited banking access.
Arkansas utilities magnate Harvey Couch told Herbert Hoover that banks will reopen after the extension bank holiday in New York Illinois and Massachusetts. Couch, a Reconstriction Finance corporation member, discussed the banking situation and said the holiday will last until things settle down.
In Indon March 4 British diplomatic and Whitehall circles warned of danger signals across Europe traced to Germany. They predicted swift action by France and Britain could avert a serious outcome worse than the July 1914 crisis.
Randolph A. Jordan Jr. of the U S Marines, attached to the U S S Mississippi at Norfolk, is in Mobile for a 30 day visit to his family, Mr and Mrs R A Jordan on Sutton avenue in Oakdale.
John Nance Garner of Texas took the oath as vice president in the Senate chamber at noon succeeding Charles Curtis. He pledged utmost cooperation to help conduct Senate proceedings and marked the first time a Lone Star state statesman ascended to the office. Vice President Curtis administered the oath in a ceremonial, high profile setting with a contrast to Dawes 1924 remarks.
President Hoover and Lou Henry Hoover depart Washington for California after four turbulent White House years. Herbert Jr and Allan travel first to New York to settle affairs before a Panama Canal trip. Mrs Hoover and Herbert Jr will join later in California as thousands bid farewell at the station.
President Roosevelt directs Treasury Secretary Woodin to convene meetings with business and bank leaders and Federal Reserve officials to discuss rapid action on the banking crisis. Conferences begin at the Treasury tomorrow with attendees from across the country, though specific names are not disclosed.
In Miami on March 4 Mayor Anton J. Cermak wounded by an assassin’s bullet meant for President Roosevelt was rushed from his oxygen room to remove a pus formation from his right lung. The operation lasted about 45 minutes and he was returned to the oxygen room. Doctors offered no comment on the drainage outcome and warned the odds against recovery were high.
President Roosevelt addresses a large crowd in Washington declaring that the nation demands action now. He criticizes dubious practices and defends the new deal as he outlines plans to curb banking crises and restore confidence while Herbert Hoover watches.
The cabinet was sworn into office by Associate Justice Benjamin Cardozo in an unprecedented ceremony. Officials include Cordell Hull of Tennessee as Secretary of State, William H. Woodin of New York as Secretary of the Treasury, George H. Dern of Utah as Secretary of War, Homes S. Cummings of Connecticut as Attorney General, James A. Farley of New York as Postmaster General, Claude A. Swanson of Virginia as Secretary of the Navy, and Harold L. Ickes of Illinois as Secretary of the Interior.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.