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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Mar 09, 1933
Page
8
Dr Wilhelm Doer feld, a German archeologist at Olympus excavations, states the first Olympic games occurred over 1 000 years before Christ. Commerce experts note American drug stores fill prescriptions at a capacity more than ten times the demand.
President Roosevelt seeks immediate Congress action to grant broad powers to regulate banks and fund public works while banks reopen. Glass and Burns sponsor the emergency bank bill as Congress convenes in extraordinary session to expand currency and stabilize deposits nationwide.
The argument covers the General Assembly’s power to regulate rates and a 1928 act fixing fire insurance charges after hearings. Louis S. Epes, then on the State Corporation Commission, wrote an opinion noting rates were unreasonably high and new rates saved Virginia insureds about $833,000 yearly, while reducing company premiums. Insurers claim the lower rates confiscate property and urge the court to consider economic downturn and potential overruled past regulatory scope.
Banks here will open on the first business day after the holiday within limits. Checks held by individuals and firms may be left with banks for collection and will be credited to the proper account when paid.
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