German Bank Collapse Strikes Confidence Across Europe
The Darmstaedter and National Bank collapsed and the German government moved to guarantee deposits. Reichsbank chief Hans Luther flew to Basel as World Bank and Paris discussions hinted at relief. Markets weakened while savings banks limited withdrawals amid fears of a wider banking crisis.
MENTIONED IN THIS ARTICLE
Associated Press
Germany
Darmstaedter
National Bank
Hans Luther
Reichsbank
Basel
World Bank
Paris
Bruening
London
Henderson
Berlin
MacDonald
Stimson
Rome
Mellon
Cap Feret
Cologne
Stock Exchange
Jacob Goldschmidt
Hoover
Darmstaedter and National Bank
Allecate Aprtes Saving Bank
Association of German Savings Banks
Darmstaedter Bank
State Department
Rudolf Leitner
Luther Arrives to Seek More Money from Bankers
Basel, Switzerland July 13 German central banker Hans Luther president of the reichsbank visited the Bank for International Settlements to present Berlin's demands and pleas to restore Germany's financial structure amid Europe’s crisis. A private salon session followed as directors weighed possible concessions with results due later tonight.
MENTIONED IN THIS ARTICLE
Basel
Switzerland
Germany
Hans Luther
Reichsbank
Bank For International Settlements
Berlin
Europe
Dirigible Mayflower Destroyed By Thunderstorm
A sudden Kansas City storm ripped the 140 foot Mayflower dirigible from its moorings near the municipal airport. Captain Charles Branningan and crew battled flames as gasoline tanks ruptured and the airship struck a high tension line. Branningan, severely burned, was reported in critical condition. co pilot R H Hobensack and crew member Calude Hendershot escaped as the aircraft crashed onto the hangar roof.
MENTIONED IN THIS ARTICLE
Kansas City
Charles B. Branningan
Brannigan
Branniigan
R. H. Hobensack
Calude Hendershot
Hobensack
Branningan
Two Hungarian Fliers Begin Atlantic Crossing Flight
Alexander Magyar and George Enders launched a long delayed Atlantic crossing from Roosevelt Field toward Budapest with a Lockheed plane named Justice to Hungary. They planned a fuel stop at Harbor Grace Newfoundland following the northern great circle route over Newfoundland to Europe.
MENTIONED IN THIS ARTICLE
Roosevelt Field
Alexander Magyar
George Enders
Atlantic
Budapest
Harbor Grace
N. F
Magyar
Enders
Newfoundland
Hungary
Trianon
Duke Trusts Declared Exempt From Estate Taxes
Washington July 13 The board of tax appeals held two James B Duke created trusts for Doris Duke exempt from federal estate taxes. They overruled the revenue commissioner who counted the trusts in Dukes gross estate seeking a 9 million plus tax deficiency. Duke died October 1925 leaving a 101 million estate for tax purposes. Execut ors challenged the ruling.
MENTIONED IN THIS ARTICLE
Washington
James B. Duke
Doris Duke
Board of Tax Appeals
Commissioner of Internal Revenue
Duke
Causes of Germany's Plight Explained by Cooley
The Reichsbank battle mirrors Germany's crisis as foreign funds flee and unemployment rises. Germany, once a lender, now owes about 20 billion marks, with exports down and a 5,009,000 unemployed, amid short term loans and shrinking trade.
MENTIONED IN THIS ARTICLE
John L. Cooley
Associated Press
New York
Germany
Reich
Great Britain
Hoover
Coun
French fliers wing their way to Tokyo nonstop flight
French aviators Joseph Le Brix and Marcel Doret piloted the Hyphen across Russia toward Tokyo aiming to circle the globe and surpass the 4 909 mile straight line record set by Coste and Bellonte. They left Paris Le Bourget at 4 43 a m and passed Moscow at 6 30 p m local time after about eleven hours from Paris.
MENTIONED IN THIS ARTICLE
Moscow
Joseph le Brix
Marcel Doret
Russia
Tokyo
Wiley Post
Harold Gatty
Paris
LeBourget
Belgium
Dieudonne Coste
Maurice Bellonte
trans-Atlantic
French aviators LeBrix and Doret near Moscow hopeful Tokyo flight
Paris reports the air duo Joseph LeBrix and Marcel Doret nearing Moscow as they pursue a nonstop flight toward Tokyo. Favorable pressure patterns and estimated leg speed about 114 miles per hour are noted. LeBrix, nicknamed The Gentleman, is a 32 year old naval officer from Brittany. Doret, a Parisian pilot older by three years, has wartime commendations and one wound.
MENTIONED IN THIS ARTICLE
Paris
Air Ministry
Joseph LeBrix
Marcel Doret
Moscow
Tokyo
Siberia
LeBrix
Brittany
France
Legion of Honor
Doret
Dieudonne Coste
Naval stores to resume open trading in Savannah area
Savannah GA July 13 The Savannah board of trade announced the naval stores section would resume open trading. A special meeting at the suggestion of O T McIntosh showed trading had reached volume warranting recognition of Savannah as a real market. Past week markets did not reflect true tone or prices on Tobin or spirits here.
MENTIONED IN THIS ARTICLE
Savannah
Savannah Board of Trade Today
Naval Stores Section
O. T. McIntosh
McIntosh
Board of Trade
Resolution Seeks Survey of University System Georgia
A Georgia Senate resolution proposes appointing five distinguished professionals to survey the University of Georgia and branches. The committee, to report within 30 days, must be non-legislators and work without pay. The measure aims to streamline higher education and reduce duplication. The House set the bill as a special order for tomorrow after the county agent bill.
MENTIONED IN THIS ARTICLE
Atlanta
University of Georgia
President General Assembly
Georgia
House
Senate
Harris
West
State Highway Board
Colson
Glynn
Legislative Reorganization Committee
Myrick
Chatham
Motor Common Carriers
Contract Motor Carriers
Mexican flier reports sighting crashed Captain Emillio Carranza plane
A Mexican Aviation Company pilot in Mexico City reported sighting a crashed plane on the beach between Tampico and Brownsville. He noted NR-965-V on the Captain Carranza and saw two fliers near the wreck waving.
Plane Crash Halts Nonstop Flight From New York
The Captain Emilio Carranza plane carrying Edward Maloney and Seth Yerring ton crashed on a beach about 60 miles north of Soto La Marina Mexico. An overhead aviator noted both men seemed unharmed. Mexican Aviation Company ordered a rescue plane from Brownsville to recover the two Americans and fly them to Brownsville. The craft had been aloft about nineteen hours and had 350 miles left to Mexico City.
MENTIONED IN THIS ARTICLE
Mexico City
Brownsville
Emillio Carranza
Tampico
Henry Dorrell
Carranza
Edward Maloney
Seth Yerrington
Roosevelt Field
Darrell
Soto la Marina
Tamaulipas
Dorrell
Emilio Carranza
New York
Texas
Mexican Aviation Company
Brownaville
Foulois Named Army Air Forces Chief Today
Washington announces Brigadier General Benjamin D Foulois is promoted to major general and will serve as chief of the army air corps effective December 20. The War Department made the announcement today.
MENTIONED IN THIS ARTICLE
Foulois
Army Air Forces
Washington
Benjamin D. Foulois
Army Air Corps
War Department
Atkinson Gets Further Time to File Indictment
Nashville Tennessee July 13 Criminal Judge Charles Gilbert extended until next Monday the time for Richard M Atkinson district attorney general to draw a conspiracy indictment against Colonel Luke Lea and Luke Lea Jr in connection with the Liberty Bank and Trust Company affairs The prior order required filing by tomorrow.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
Charles Gilbert
Richard M. Atkinson
Luke Lea
Luke Lea, Jr
Liberty Bank and Trust Company
Georgia Motor Carrier Tax Act Declared Constitutional
Judge G H Howard in Fulton county superior court ruled the Georgia motor carrier tax act constitutional. He overruled injunctions aimed at blocking tax collection by Comptroller General William B Harrison, allowing revenue of over 250000 annually. bus companies and others vowed to appeal.
MENTIONED IN THIS ARTICLE
Atlanta
G. H. Howard
Fulton County
Georgia
Howard
William B. Harrison
Comptroller General
General Assembly
Child Burns to Death in Atlanta Gasoline Fire
Lucy Joy Klotz, two, died in a hospital after a match was accidentally tossed into a can of gasoline on the back porch. Her brother Arthur, twelve, suffered severe facial and hand burns while trying to beat out the flames.
MENTIONED IN THIS ARTICLE
Atlanta
Lucy Joy Klotz
W. M. Klotz
Arthur
Nine Arrested As Crowd Gathers Near Royal Weaving Plant
In Pawtucket Rhode Island on July 13 a crowd near the Royal Weaving Company mill where 1300 silk workers strike led to nine arrests. Police broke up a 300 strong mass meeting. a woman and a resisting man were detained, others fined for disobeying orders. The mill closed for the day.
MENTIONED IN THIS ARTICLE
Pawtucket
R. I
Royal Weaving Company
Joseph Ott
Overby Waives Hearing in Mann Act Case
High Point North Carolina July 13 Jack Overby waived a preliminary hearing and was turned over to federal authorities who said he would be charged with violating the Mann act in the alleged luring and marriage of Dorothy Preston McCandless 17 daughter of a college professor
MENTIONED IN THIS ARTICLE
High Point
N. C
Jack Overby
Dorothy Preston McCandless
Action on Fall Case Postponed Until Tuesday
Washington July 13 report that after a long conference with attorneys Justice Bailey in DC Supreme Court postponed action in the Albert B. Fall case until tomorrow.
MENTIONED IN THIS ARTICLE
Washington
Justice Bailey
District of Columbia Supreme Court
Albert B. Fall
Family of Three Mourns After Fatal Collision in Jacksonville
Mrs. F. E. Clark, 26, mother of three, died in a Jacksonville crash early today when an automobile driven by W. F. Taylor collided with a machine driven by John McKenzie Jr. Both drivers were arrested on reckless driving charges and held without bond.
MENTIONED IN THIS ARTICLE
Jacksonville
Fla
F. E. Clark
W. F. Taylor
John McKenzie, Jr
Weather forecast for several southern states
South Carolina generally fair tonight and Tuesday with gentle easterly winds. Georgia partly cloudy tonight and Tuesday with local thunderstorms Tuesday in the south portion and gentle easterly winds. Florida mostly cloudy tonight and Tuesday with fog in extreme south portion and gentle easterly winds. Alabama cloudy with afternoon thunderstorms and unsettled tonight and Tuesday with probable coastal showers. Extreme Northwest Florida cloudy with scattered thunder showers tonight or Tuesday.
MENTIONED IN THIS ARTICLE
South Carolina
Georgia
Florida
Alabama
Speedy relief for Germany deemed essential
President Hoover returned from his Rapidan camp to the White House and focused on Germany's financial crisis. Ambassador Sackett reported to Berlin that aid must come quickly, while Mills and bank officials pushed a European led solution with American cooperation.
MENTIONED IN THIS ARTICLE
Washington
Germany
State Department
Amassador Sackett
Berlin
Hoover
White House
Rapidan
Virginia
Mills
The
Treasury
Europe
Sackett
Federal Reserve Bank
New York
Hoover Gives Dests Undivided Attention
President Hoover focused his full attention on Germany's financial crisis after returning from Rapidan. He reviewed communications from the state department treasury and press reports and stayed in close contact with authorities as new developments emerged.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Rapidan
Germany
State Department
the Treasury
White House
Mills
Treasury Department
New York
Commerce Department
Berlin
Darmstaedter Bank
European banks to lead German relief plan say US officials
Washington notes that American banking interests are ready to aid European central banks if needed but that any rescue plan must come from the principal European banks. Acting Secretary Castle says top central bank heads will meet in Basel to discuss the German crisis.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Germany
Castle
State Department
Virginia
Claudel
France
Bank of England
Bank of France
Basle
Switzerland
Bank of International Settlements
New York
Mills
The
Treasury
Sackett
Berlin
Sackett Warns Germany Urgently Needs Help
Ambassador Sackett reported from Berlin that Germany must receive financial aid very quickly. He told the State Department that while Germany did not formally request assistance, aid must be forthcoming.
MENTIONED IN THIS ARTICLE
Washington
Sackett
Berlin
Germany
State Department
United States
Also Mentioned on This Page
Teltow
Reichs Bank
Luther
Goodyear
Duke Trust
Hugh Gibson
NAVAL
Harris and
Wes
Public Service Commission
Paul von Kindenburg
Paul von Hindenburg
German Republic
Fulton
Big Mill
Ambassador Sackett
Berlin Post
Virginia Camp
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