^*#tefl|ilf|^^
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A.
KARL ARTHUR, Publisher.
ROOSEVELT URGES
FAITH AND
CONFIDENCE
N. Y., THURSDAY, MARCH 16,1933.
tion by the Treasury have already
been found to be all right. This will
be followed on Tuesday by the resumption of all their functions by
banks already found to be sound in
cities where there are recognised
clearing houses. That means about
200 cities of the United States.
On Wednesday and succeeding days,
banks In smaller places all through
the country will resume business, subject, of course, to the government's
physical ability to complete its survey.
It is necessary that the reopening of
banks be extended over a period in
order to permit the bank* to make
applications for necessary loans, to
obtain currency needed to meet their
requirements and to enable the government to make common sense
checkups.
Status Is Alike
Let me make it clear to you that
if your bank does not open the first
day you are by no means justified in
believing that it will not open. A
bank that opens on one of the subsequent days is, an exactly the same
status as the bank that opens tomor-
HOUSE PASSES 3 2 TWO BILLION TO
WEST COAST
BEER BILL, 316 TO 97
BE ISSUED SOON
ROCKED BY
35 TREMORS
VOLUME 74. No.
,Y PROGRAM AYALON PROGRAM
AT OPERA HOUSE FOR COMING WEEK
Snell Bolts Adjnlntstratl** BUI as New CniTency Now la the Making at Fat Sanders and His Original CounNow Playing—
ty Store Every Wednesday •
Party lines Are Chattered In Bal- Washington and Witt be In Current
Janet Oaynor, Will Rogers la
loting After Three Hour Debate— Use Without Delay—Bureau of Enpresident TeUs Nation Banking SysStarting Wednesday of this week, "State Fair."
Violent Tremblers Spread Death, Most of New York State Delegation graving Working M Hours a Day.
tem Is Ready for Reopening on Proand
every Wednesday thereafter, the Friday and Saturday, "Crime of thf
Supports Measure.
Destruction and Injury Over Area
Century"
gressive Basis Pledges A—Istano*
Washington.—When and how much Lowvtlle opera house offers the popuMO by SO Miles In Slss—Fatallttes
of R. F. C and Federal Beserve
Washington.—President Roosevelt?* new currency will be spread through lar comedian* Fat Sanders, the am- Two innovations In presentation of
Put at 115, With 5400 Hurt—Lonf
Member Banks to Assure Opening
Beach and Los Angeles Hardest third major proposal of the special the country were among the para- bassador of prosperity, and his orig- a mystery story are offered In "The
of Sound State Insltutions Outside
seaslon—the Cullen 3.2 pe*. cent beer mount questions for which treasury inal oountry store. All for fun and Crime of the Otntury".
of Reserve.
bill—was rushed through : an enthu- officials yet .lacked definite answers. fun for all. Fat Sanders has had his The crime, to begin with, Is conLos Angeles.—More than a hundred siastic House Tuesday to the Senate, The "when," however, was one of famous store in Utica for over 56 fessed before it Is commltteed. And.
communities of1 Southern California where Democratio leaders confidently the reasons President Roosevelt ex- weeks, and In Syracuse, Rochester, the dues to the solution, In the se©»
President Roosevelt told the Nation
tended the banking holiday. The Buffalo, Little Falli, Niagara Falls, ond place, are reviewed for the audi*
were twisted and torn Friday night predicted speedy approval.
Sunday night that the banking system
new money will be available when and other cities of New York state ence In a 40-tecond intermission, thus
by a series of violent earthquakes,
was ready for re-opening on -a proSome Uproarloas
for many months. Fat Sanders" and offering it the opportunity to setUs
with a death toU from 14 of the cities Uproarious during three hours of $he hanks reopen.
gressive basis and asked for renewed
original idea of country store the case in Its own manner before the
reported as 110 and the Injured being debate
confidence and faith by the people.
"How much" depended entirely his
In
which
the
minority
prohibioffers the people' of Lowville and solution Is presented on the screen.
more than 5,000.
Let me make ft clear that the
upon
the
amount
of
government
oblihammered vainly against the
vicinity a bigger and funnier Idea of Stuart Erwln, Wynne Gibson, FranLong Beachir-Slxty-flve bodies of tionists
banks will take care of all needs," he
administration's revenue legislation, gations, drafts, bills of exchange, and country store than was ever offered ces
Dee, Jean Hersholt, Gordon West*
earthquake victAu were reported re- the
bankers
acceptances
traded
by
the
assured.
overwhelminglyfrsssad the
before. A solid hour of fun and pro- cott and David Landau play the lead*
covered from the ruins here at 10:46 blU, House
twelve federal reserve banks for the fit
Catching a spare moment almost
816
to
97.
J".when
Fat
starts
to
give
tint
free
ing roles In the film.
odock Friday night It was estimat- Party lines were shattered. Fifty- new currency.
for the first time In his eight busy
1
ed the death toll might be consider- eight Democrats and 39 Republicans, The bureau of engraving has been to his customers hundreds of valu- George O'Brien la "Smoke lightning *
days in the White House, the Presiable
and
usefulgifts.
Don't
miss
Fat
ably
nearer
100.
working 24 hours a day turning out Sanders' country store at opera house George O'Brien usually plays a
dent used the presa^and the radio to
Violent earthquakes spread death, including Representatives Greenwood,
tell the people In his own words of
I know that many people are worry- Injury and destruction over a path Indiana, Democratio whip,-and Snell, the new money. Even before the pas- every Wednesday, night No advance /lone wolf role In his screen offersage of the law under which It will
what was/done and what he Intends Ing about state banks not members of
ings, but In "Smoke lightning" he Is
some 200 miles long and 80 miles New York, Republican leader, voted flow Into the American pockethook, in price.
to do.
teamed with the British comic, Frank
the Federal Reserve System. These -wide in Southern California Friday In opposition.
Friday and Saturday
Atkinson. Taken
from Zane Grey's
Widely supporting the measure that the new legal tender, carrying the
banks can and will receive assistance night. Text of Address
1
is expected to bring In from $125,000,- backing of the United States govern- Buck Jones In a colorful, fast mov- "Canyon Walls, * this up-to-date tale
The text of President Roosevelt's from member banks and from the Rement,
was
being
printed.
ing
drama
of
Old
Mexico,
"South
of
Reports Incomplete'
of, the cattle country is said to be one
000 to $150,000,000 annually In revconstruction Finance Corporation.
address Sunday night follows:
Eighty were known dead and more enue, 238 Democrats, 72 Republicans^ Without doubt, the amount finally the Rio Grande," will.be featured of the most exciting of all the west*
1 want to talk for a-few minutes These state banks are following the
and put forward as a revivi- Friday and Saturday at the opera era star's pictures. Nell O'Day and
with the people of the United States same course as the national banks ex- than 2,500 injured on Incomplete re- and five Farmer Laborites shoved th« Issued
monetary transfusion will be house.
Betsy King Ross head the supportabout banking—with the compar- cept that they get .their licenses to ports from the stricken cities and measure through with applause and fying
cheers, The last House, December 21, more than two billion, dollars. The A perfect picture for the hard- ing cast of thels Fox picture.
atively few who (understand the resume business from the state au- countryside.
Federal Reserve system will be the riding, fast-shooting, romantic hero, The sensational aerial, "The Devil
Long Beach reported 22 dead, LOB passed the bill, 230 to 160.
mechanics of banking but more par- thorities and these authorities have
agency by which It will be started on Buck, who has been surrounded with Horse," will be shown In addition to
.New Yorkers Behind Bill .
ticularly with the overwhelming ma- been asked by the secretary of the Angeles 12, Compton 13, Huntington
a splendid cast Mona Marls, Philo
its mission of booming business.
Park
12,
Santa
Ana
8,
Watts
4,
San
treasury
to
permit
their
good
banks
jority who use banks for the making
The New York State delegation With this -new money circulating, McCollough, Doris Hill and George the two features mentioned.
Pedro
2,
Hermosa
1,
Garden
Grove
\
to
open
on
the
same
schedule
as
the
"Sunday and Monday Mae West In
of deposits and the drawing of checks.
poured In the bulk of its votes to the early plans of many clearing Lewis.
"She Done Him Wrong**
] want to tell you what has been done national banka I am confident that Wilmington 1, Belleflower 3, Artesia swell the deluge that swept the beer houses to issue scrip have been, for Buck Jones is superb in this ex4,
Walnut
Park
1,
Norwalk
1.
<Loa
the
State
Banking
Departments
will
in the last few days, why It was done,
bill through. The vote in the Empire the most part shelved. Some cities, citing drama of high adventure,. In- Mae West's first starring picture,
Angeles
reported
1,500
injured
and
and what the next steps are going to be as careful as the national governState delegation was 29 Democrats however, not waiting for the expira- trigue and romance. A spirited per- "She Done Him Wrong" Is a lusty,
toe. I recognize that the many procla- ment in the policy relating to the the Long Beach injured roll was put and eight Republicans for and six tion of the bank holiday to start formance Is given by Mona Marls, as roaring melodrama of the Bowery-"
mations from state capitols and from opening of banks and will follow the at 1,000.
against
commercial life anew, are finding Consuela, while Doris Hill .and a hearty tale of the notorious old
From state and city police author- Republicans
Washington, the legislation, the Treas- same broad policy.
Democrats for the bill Included F. scrip a local benefit
George Lewis are satisfactory as avenue where men are men and womities
in
the
stricken
cities
came
reury regulations, ^etc., couched, for the
J. Slsson, Whlteeboro, N. Y. New The,speed with which the adminis- Bstrella and Ramon Ruiz. The direc- en are "on the make." Its saloons
To Care for Needs
ports
others
were
feared
buried
bemost part, in banking and legal terms, It is possible that when the banks neath wreckage. Hospitals were York State Republicans against it tration has acted in its effort to open tion by Labert Hillyer is smooth; and its politicians, its honky-tonks
besides Snell, were Crowther, Culkin, the bank doors has been taken as an the story holds together nicely.
should be explained for the benefit of resume a very few people who have filled. Fire raged by the dozens.
and its "dames," furnish a backthe average citizen.
indication that the new currency, Also Eweln Lee in Also Mary ground for the activities of the prinnot recovered from their fear may The Red Cross in Washington Reed, Stalker and Taber.
cipal characters.
Lauds Co-operation
again begin withdrawals. Let me awaited word from its regional head- Action came within less than 80 green and crisp and to all appear- Smith.
Miss West is cast as "Lady Lou,"
I owe this in particular because of make it clear that the banks will take quarters In San Francisco before hours after President Roosevelt Mon- ances little different from millions of
Sunday,
Monday
and
Tuesday
famous beer4mll entertainer with
the fortitude and good temper with care of all needs—and it is my belief swinging its huge resources of relief day sent an unexpected message to dollars of currency already circulat- "Central Park", a First National aa deadly
effect on unwary males.
Congress asking for immediate pas- ing, will be available at the 12 Federwhich everybody has accepted'the in- that hoarding during, the past week into action.
picture, featuring Joan Blondell and Her suitors flock around her, practiconvenience and hardships of the has become an exceedingly unfashion- As the stricken area, famed for its sage for revenue purposes and to ful- al Reserve banks of the country for Wallace
Ford, has been scheduled as cally in swarms, but she deals with
banking holiday. I know that when able pastime. It needs no prophet to playgrounds and film studios, worked fill the party's pledge to modify the issuance when the bank holiday is the attraction
at the opera house them In a matter-of-fact fashion. Miss
*
•
you understand what we in Washing- tell you that when the people find feverishly to dig out ita dead, minis- Volstead Act to permit the manu- Ufted.
West sing three songs during the
More than likely, It will be less next Sunday, Monday and Tuesday.
"
ton have been about, I shall continue that they can get their money—that ter to its Injured, and restore order facture and sale of beer.
than a week before the new money is It la unique in that it catches a course of the picture—the popular old
To Report Soon
to have your co-operation as fully as they can get It when they want it for out of chaotic crowds, the earthshoes and bread!, and motor cross section of the variegated life ballad, "Frankie and Johnnie," and
I have had your sympathy and help all legitimate, purposes—the phantom quakes continued their devastation.
^Shortly after the measure was re- buying
cars
and
farm machinery, and meet- that pulses daily through New York two new songs, "A Man What takes
of
fear
will
soon
be
laid.
People
-will
during the past week.
The seventh, at 7:55 p. m. (Pacific ceived In the Senate, Chairman HarIt has His Time" and "Haven't Got No
Ing
In
every
way Its full purpose as city's great playground.
again
be
glad
to
have
their
money
Coast time) showed a diminishing In rison had it referred to the finance
First of all let me state the simple
caught the spirit and the vivid, color- Peace of Mind," which were written
fact that when you deposit money in where it will be safely taken care of force. But It was false prophecy. committee, and called that group Into legal tender of the United States of ing of its cosmopolitan life and em- for her.
a bank the bank does not put the and where they can use it convenient- The eighth, an hour later, rocked up executive session with a view to re- America.
blazoned it on the screen In, a. glow- Tuesday, Wednesday, Thursday, Cecil
money into a safe deposit vault It In- ly at any time. . I can assure you that with greater strength, adding to the porting it for action as soon as the
Ing romance.
it
is
safer
to
keep
your
money
in
a
B, DeMOlers «81gn of the Cross" '
wreckage
and
casualty
listPresident's
now-pending
economy
vests your money In many different
Other important players in the cast
re-opened
bank
than
under
the
matThen
two
more—at
9:10
and
9:19
proposals have been approved.
forms of credit—bonds, commercial
The day of the million-dollar movie
include
Guy
Kibbee,
Henry
B.
Walt(Pacific Coast time), after which Senator Robinson, Arkansas, Dem- Born in Boonville, May 18, 1856; Died hall, Patricia Ellis, Charles SeUon, spectacle-drama has returned. And,
paper, mortgages and many other tress.
kinds of loans. In other Words, the The success of our whole great na- buildings swayed at intervals, an- ocratio leader, said, ''We have the
Spencer Charters, Harold Huber, as far as Hollywood is -concerned,
In Utica March 12, 1933.
bank puts your money to work to tional program depends, of course other shaking Los Angeles at 10:12 votes to pass It*' The plan is to acJohn Wray, De Witt Jennings and prosperity has at' last managed to
cept the House bill that levies a tax Mrs. Emmaline Oebhard Snyder, Holmes Herbert
get around that mythical corner.
keep the wheels of industry and of upon the co-operation of the public— p. m.
agriculture turning around. A com- on ita Intelligent support and use of
The 14th violent shock that seemed of $5 on a barrel of 81 gallons.
wife of George Adam Snyder, 422 The scenes, for the most part, -were Cecil B- DeMille's T h e Sign of the .
paratively small part of the money a reliable system.
a spectacle of pagan Rome
to rock and swirl the buildings in Before final passage In the House Aiken street Utica, passed away at
on the ground which they rep- Cross,"
you put
into the bank is kept in curIn the days of Nero, last of the Caeparlous directions .swept Southern Speaker *U|ny agsjn ,b*fck* custom her home Sunday at 7:45 a. m. after taken,
O i h More Available
K
resent,
a
company
haying
been
sent
?
^
%
s
V
J
i
*QM4
rency« -an amount which in normal Remember that the essential accom- California-at 10:59 p. m. -> ,
sars, was the picture whioh did the?
->'
a bHef utness; • "
" ' ' - -•—••-'•«>
vote for the bill. J until he 'became Mrs. Snyder, a daughter of Phillip to New"York for thit purpose- The trick, like DeMille's "The Ten Comtimes is wholly sufficient to cover the plishment of the new legislation is
Relief Agencies Busy
scenes
In
which
the
lion
appears,
cash needs of the average citizen. In that it makes It possible for banks United relief agencies went into speaker, it had been the practice of and Louisa Gebnard, was born In however, were taken On the Warner mandments" and "The King of
other words, the total amount of all more readily to convert their assets action on a wide front however, and his predecessors to vote'only in case Boonville, May 18, 1856, and, with the Bros, ranch in North Hollywood, Kings," "The Sign of the Cross," waa
produced on a gtgantlo scale, with
the currency in the country is only a into cash than was the case before. first aid, hospltalization, food distri- of a tie.
exception of a brief period spent in
The measure leaves all regulatory Rockton, III., and Whitesboro, had al- where a section of the park was re- thousands of players, elaborate setsmall fraction of the total deposits in More liberal provision has been made bution and even reconstruction work
produced
for
picture
purposes.
and*;control methods to the states;
tings and all the other features that
all of the banks.
for banks to borrow on these assets gathered momentum while the earth allows: advertising; requires brewers ways been a resident of Utica. Mrs. Wednesday and Thursday, March run up bills, but stun audiences into
Snyder was married to Capt George
Impossible to Sell
at the Reserve Banks and more lib- was still shaking.
2S-23.
to pay a% annual license fee of $1,000 A. Snyder in New Hartford, June 21,
awed delight in the magnifllcenceWhat, then, happened during the eral provision has also been made for The 35th major shock occurred on each brewery; provides for pro- 1879, by the late Rev. L N. Terry. She William Powell and Kay Francis, they are beholding.
last few days of February and the issuing currency on the security of about four Sunday morning, approx- tection to the dry states through re- was a member of Temple Chapter America's most popular screen team, Nearly 7.600 persons made up the
first few days of March? Because of these good assets. This currency is imately 34 hours after the first at enactment of the Webb*Kenyon law 300, O. E. S., and for many years was have been re-united by Warner Bros, cast of "The Sign of the Cross."'
undermined confidence on the part of not fiat currency. It is issued only on 5:55 p. m. Friday, which wrought the preventing interstate transportation a member of Church of the Redeem- in their first co-starring picture in These include Fredric March, Ellssa
of the beverage into prohibition er.
the public, there was a general rush adequate security—and every good greatest damage.
nearly three years, "Jewel Robbery." Landi, Claudette Colbert Charles-The continuing shocks did,1 little bound commonwealths. Home brew- Besides her husband she leaves a "Jewel Robbery," gives both stars Laugton, and others in leading roles,
by a large portion of our population bank has an abundance of such
security.
damage except to shake down more ers for home consumption do not daughter, (Mrs. Florence E. Steudel, full scope for the talents which and thousands of '"extras" who apto turn bank deposits into currency or
gold—a rush so great that the sound- One more point before I close. bricks, glass and masonry, but they come within the purview of the act Carthage; a son, Stuart William Sny- brought them to notice as leaders In pear in (Roman street scenes and.In
the arena in which Nero stages his*
Puerto Rico, Hawaii and Alaska der, Utica; a twin sister, Mrs. Eva the field of dramatic comedy.
est banks could not get enough cur- There will be, of course, some banks kept the populace on edge.
rency to meet the demand. The rea- unable to reopen without being reor- Long Beach, center of the greatest are Included, but the District of Col- Smith, Rockford, HI.; a niece, Mrs. The picture affords a variety of un- bloody games.
usual situations, played to* their utson for this was that on the spur of ganized. The new law allows the gov- destruction, discontinued the use of umbia was excluded. No provision Leah Buchanan, Los Angeles.
most by the stars and supporting
the moment it was, Of course, impos- ernment to asslBt in making these re- city water for drinking purposes be- was made for wines or fruit juices.
organizations
quickly
and
effectively
cause
authorities
suspected
sewage
Penalties
are
imposed
for'
violations.
cast, which includes Alan Mowbray,
sible to sell perfectly sound assets of
Mrs. EUzabeth C. Bice
and
even
allows
the
government
to
from
broken
pipes
might
have
seeped
Vinson, Hardie Albright Lee
a bank and convert them into cash
Mrs. Elizabeth Celia Rice 77, died ?Helen
subscribe
at
least
a
part
of
new
into
the
water
mains
where
breakage
Kohlmar, Spencer Charters and many
One • hundred and eixty r.ember
except at panic prices far below their capital which may be required.
{Saturday afternoon at the home of others.
might
have
occurred.
Precautions
—
banks of the federal reserve system^
real value.
,her
daughter,
Mrs.
'Michael
Kennell,
located in the 12 cities in which the
By the afternoon of March 3 scarce- I hope you can see from this ele- against typhoid and smallpox were
Carthage. She had been in poor
federal reserve has its main. banks,
ly a bank in the country was open to mental recital of what your govern- taken immediately.
health
for
a
long
time.
opened fully on Monday.
Fires Kindled
do business. Proclamations tempor- ment is doing that there is nothing
,
Mrs.
Rice
was
born
November
30,
or radical in the process.
There were no restrictions on these*
arily closing them in whole or in part complex,"Job
All waters drunk In the ruined
1856, In Ulster county. In 1876 she
Being Performed''
Institutions except those placed by
area had to be boiled, and there waa
had been issued by the governors In
.was married to David Egbert OsteN
Majority
In
Reserve
Cities
Resume
almost all the states.
We had a bad banking situation. no gas to furnish heat the supply Normal Activity—Clearing of Old houdt who died in 1885. In 1892 she Largest of the Associations, Having the treasury prohibiting payment or
gold and any money for _ hoarding,
was married to Horace W. Rice. Mr. Loaned More Money Than Any of
It was then that I issued the procla- Some of our bankers had shown having been cut off to prevent flres. Transactions
and on foreign 'exchange.
mation providing for the nationwide themselves either Incompetent or dis- Fires were kindled in yards and oth- Rates Loom. Ordered—High Money Rice died in 1906.
the. Other 142 Associations.
In addition to the 160, normal busibank holiday, and this was the first honest in their handling of the peo- er open places and water was boiled
Surviving are one son, Harry Osterness also was begun by 122 non-memstep in the government's reconstruc- ple's funds. They had used the in primitive fashion.
houdt,
and
two
daughters,
Mrs.
Carl
H.
F.
Galloway,
president;
A.
D.
New York.—With the great backbanks in those same cities. A _.
tion of our financial and economic j money entrusted to them in specula- A great portion of Long Beach's ing institutions of the nation^prin- <G. Lewis and Mrs. Michael Kennell. Weller, vice-president, and B. A. Field, ber
of other non-member banks"
frabric.
: tions and unwise loans. This was of 140,000 residents r%fused to return to cipal financial centers again backing . Funeral services were held at the secretary-treasurer, and B. A. Field, number
were
open
certain restrictions.
their
homes,
fearing
for
their
lives.
course
not
true
in
the
vast
majority
of
United
Christian
church
at
2
Monday
the North Country National Farm In listing under
Praises Devotion
the nation's business with normal
federal
reserve banks, all
They
stuck
to
the
open
spaces,
tentour
banks
but
it
was
true
in
enough
afternoon,
Rev.
Lyman
Achenbach
. The second step was the legislation of them to shock the people for a ing where they could, but many functioning of their billions of assets, officiating. The body was placed in Loan Association, attended on March member banks, whether national or
7th and 8th at the Federal Land Bank state, are Included.
promptly and patriotically passed by time into a sense of insecurity and to sleeping with only a blanket for a momentous chapter in American {the vault to await spring burial.
of Springfield, Mass., an Important The banks reopened were in New
financial history appeared to be drawthe Congress confirming my proclathem Into a frame of mind where shelter. The weather Was warm, ing swiftly to a dos| Monday.
conference of 142 such associations In York
mation and broadening my powers so put
Cleveland, Richmond, St
however.
they did not differentiate, but seemed
Celebrates 68th Birthday
the district comprising the New Eng- Louis, city,
Wall street financial authorities
that it became possible in view of the to
Dallas,.San Francisco, Boston,.
Bread lines stretched for blocks in looked
assume
that
the
acts
of
a
comparaland
states,
New
York
and
New
for an early restoration of the Michael Gleason, Carthage postrequirement of time to extend the tive few and tanted them ail. It was the city parks and food camps elseChicago, Atlanta, Kansas City, Minneapolis and Philadelphia.
holiday gradually. This law also gave the government's job to straighten out where passed out emergency rations. normal flow of funds and credit over master for 28 years, war time sheriff Jersey.
authority to develop a /program of re- this situation and do it as quickly as Church services were held Sunday the country, in keeping with the of Jefferson county, a Republican The North Country" Is the local ashabilitation of our banking facilities. possible—and the job is being per- in the open throughout the area of "staggered" plan of opening banks in political power in the north country sociation, handling long term, coWilliam B. Gorhnm
localities, and expressed high for some 40 years, on March 4th cele- operative first mortgage loans in Jef3 want to tell our citizens In every- formed.
greatest destruction, which extended various
William
B:< Gorham, 72, of Morrisferson
and
Lewis
counties.
Since
its
encouragement
over
the
clear
evibrated
his
68th
birthday.
part of the Nation that the national I do not promise yon that every from Huntington Park, just south of
859 loans have been town, died Friday in Hepburn hospiCongress—Republicans and Democrats bank will be reopened or that individ- the Los Angeles downtown Bectlon dence of repaired financial confidence Mr. Gleason first was appointed organization
tal, Ogdensburg, where he had been*
in the flow of funds bade to the big Carthage postmaster by William Mc- made, aggregating $2,797,700.
alike—showed by this action a devothe ocean shore at Long Beach, a New
one month. He was born at Lyonslosses will not be suffered, but to
York
banks.
The
North
Country
Is
the
largest
of
Kinley
in
1896.
He
continued
to
tion to public welfare and a realiza- ual
stretch of some 20 miles.
Falls and lived in MorrlstowxT many
there
will
be
no
losses
that
possibly
the
associations,
having
made
more
serve
under
the
Republican
adminisMost
Reopened
.
tion of the emergency and the nec- could be avoided; and there would
years. One daughter, Mrs. Harold
Direction Changes
loans
and
loaned
-more
money
than
tration
of
Roosevelt
and
Taft,
and
essity for speed that it is difficult to have been more and greater losses A peculiarity of the later shocks The Wall Street banks with rethe Wilson Interlude, he return- any of the other 142 associations. The Marshall, of Ogdensburg, survives.match in our history.
sources in excess of $7,000,000,000 all after
waa
their
change
in
the
direction
of
had
we
continued
to
drift
I
can
even
ed
under
Coolldge and Federal Land Bank enjoys a good ex- Funeral was held at 2 o'clock SaturThe third stage has been the series promise you salvation for some at movement Friday night, during the reopened for normal commercial busi- Hoover. HisHarding,
appointment
expires in perience with the farm loans in the day afternoon at McLeU&n-chapel.'
of regulations permitting the banks least of the sorely pressed banks/ We heaviest tremors, those lying in beds ness, as well as the great majority of 1934.
Rev. O. F. Raymond, of the Metho- ,
Country Association.
to take care of the distribution of shall be engaged not merely in re- running east and west said they were the banks in other Federal Reserve Mr. Gleason has always been ac- North
President Thomson, of the Federal dist Episcopal church, officiated^
food and household necessities and opening sound banks but in the crea- rolled sidewlse, sometimes violently. citlea The clearings of checks, be- tively associated in Republican poli- Land
Bank, told the conference that Burial at Morristcrwn.^ _
Federal Reserve cities was rethe payment of payrolls.
Sunday night the motion seemingly tween
the bank has continued making farm
tics,
and
for
years
has
been
a
strong
tion
of
sound
banks
through
reorgansumed,
restoring
a
vital
function
in
Currency Sound
changed, with sleepers lying east and the financing of the nation's business. figure in every election. In 1918 he loans through this period of depres- ;New York Department Stores Bust
ization.
west shaken edgewise.
This bank holiday, while, resulting
sion. "Applications totaling $4,009,800
ness Good"
-•Gratitude
Over-the-counter dealings in United was elected sheriff and served the were
in many cases in great inconvenience, It has Expresses
The casualty and damage figures States
approved by the bank during New ^ York.—Manhattan's largest:
three year term until 1921. In 1922
government
securities
were
rebeen
wonderful
to
me
to
is affording us the opportunity to sup- catch the note of confidence from all simmered down* under a more sys- Bumed on a limited scale, at prices he resumed his duties as postmaster. 1932," he said, "and no application was department, stores reported Tuesday
tematic recheck to weed out duplicaply the currency necessary to meet
where the fanner offered ade- night that following the reppenlng
slightly under those of (March 3, For many years Mr. Gleason was in refused
the situation. No sound bank is a over the country. I can never be suf- tion, to 115 dead, about 5,000 Injured, only
the hotel business ana later was pro- quate security that met requirements of New York of New Yorkr banks,despite
the
sharp
tightening
of
the
ficiently
grateful
to
the
people
for
the
4,000' of these cases being merely
dollar worse off than It was When it
prietor of the shoe store which he and where could show good manage- they had had "two very good days."
market in.the interim.
closed Ita doors last Monday. Neither loyal support they have given me In first aid, and property damage aggre- money
sold about five years ago to Stanley ment and Integrity ofpurpose."
All were using large newspaper adThe
New
York
Stock
Exchange
oris any bank which may ^urn out not th«ir acceptance of the7udgment that gating roughly 135,000,000 to $39,000,- dered its members to clear all tran- D. Hall.
"Because of ruinously low prices, it vertisements in appealing for the;
has
dictated
our
course,
even
though
000.
The
coroner's
death
list
for
Long
to be in a position for immediate
has been necessary to extend for vary- patronage of men and. women now
sactions pending Blnce the start of
opening. The new law allows the 12 all our processes may not have seem- Beach showed 50 dead.
ing periods, the installments on some able to take advantage of normal
Appointed, to Annapolis
thiB
first
important
shutdown
Bince*
ed
olear
to
them.
Federal Reserve banks to issue addiof the loans, but in spite of conditions, banking facilities.
Situation In Hand
the
outbreak
of
the
World
war.
While
?
Leon
W.
Quick,
Jr.,
168
Ward
street
After
all
there
is
an
element
in
the
tional currency on good assets, and
over two-thirdB of all the loans aggre- The banner over one ad read:
Military,
naval
and
police
units,
on
comment
was
withheld
by
exchange
Watertown,
has
been
designated
by
readjustment
of
our
financial
syjstem
thus the bankB which re-open wilt be
gating over fifty million dollars held
"Change your dollars into goods."
officials,
usually
well
informed
quar,the
alert
from
the
very
start
In
order
Representative
Francis
D.
Culkin
as
able to meet every legitimate call. more Important than currency, /more to prevent looting, vandalism and dis- ters In Wall street were inclined to bis candidate for admission to the by the Federal Land Bank were in Another, in two-Inch type, saidi
The new currency Is being sent out important than gold, and that is the order, kept the situation in hand. interpret this as In preparation for United States Naval Academy at An- good standing. This is a most com- "$1,993,000,000 more currency!" and
by the Bureau of Engraving and confidence of the people. Confidence Martial law was deemed unnecessary an early resumption of security trad- napoliB.
mendable recoR and is due to the in- suggested how some of it should bePrinting in large volume to every part and courage are the essentials of suc- &nd officers said there had been no ing, which, it was expected, would be The Watertown youth originally tegrity and moral character of the
cess
in
carrying
out
our
plan,
-.You
pf the country. It is sound currency
One store reported selling 10,000
marked by an almost simultaneous was designated by Mr. Culkin as first farmers of the northeastern states."
because It is backed by actual, good people must have faith; you must not looting.
The demolition of unsafe buildings start of business In such leading com- alternate, but, due to circumstances "Each delinquent's case is consid- pairs of low priced shoes.
be
stampeded
by
rumors
or
guesses.
assets.
exchanges as the Chicago which have arisen since this designa- ered on its own merits and, where a "At the other extreme," a store exus unite In banishing fear. vWe was begun under the direction of the modity
A question you will ask Is this— Let
Board
of
Trade and the New York tion, has been definitely named the farmer Is making' an honest effort ecutive reported, "we had a sell-out
county
fire
warden.
The
first
work
provided the machinery to rewhy are all the banks not to be re- have
Cotton
Exchange.
of
that
nature
started
at
Bellflower,
candidate who will get the appoint- every assistance is given him to carry of expensive cloaks and dresses. They
our financial system; it Is up just south of downtown Los Angeles.
on and work out of his difficulties."
opened at the same time? The an- store
were original Paris models and were
ment
to you to support it and make it One hundred and fifty men were reswer is simple. Your government work.
President Thomson stressed the marked as high as $89. By 11 a. m.
We think that some of those who
does not intend that the history of the
wanted any old change last Novem- It is said that hogs were eliminated point that over one-half of all the they were all gone."
is your problem no less than it cruited for the job.
past few years shall be repeated. We is Itmine.
Most of the work will have to b ber are beginning to feel that they from the provisions of the farm allot- farm owners in the eight states are
Together
we
cannot
fail.
do not want and will not have another
done In Compton, Long Beach an< got just that
ment bill because the statesman free and clear of mortgage debt and The Great Wall of China, once the
epidemic of bank failures.
There's one thing that can't be Huntington Park. Scarcely a build- The statesman who wants to Inflate wouldn't get Papa and Mama Porker of those having mortgages, only a last word in military preparedness,
First Open Monday
blamed on our Reds. They aren't do- ing in Compton was left unscatched. the currency just a. little bit and then to agree to curtail production ^thirty very small percentage is badly in- now is merely an innocent barrier of
volved.
masonry, through which the mikado's
etop, reminds us of the fellow who per cent
As a result we start tomorrow, ing the hoarding.
troops pass- at will. The circumstance
Plans
were
discussed
at
the
conferIt's
characteristic
of
the
meetings
In
any
family
discussion,
the
shareused
to
go
in
the
corner
saloon
for
After
all,
the
people
do
rule.
They
Monday, with the opening of banks In
movement is enthusiastical- ence for going ahead, the same as scarcely constitutes an argument for
the 12 Federal Reserve bank cities— furnish the money that enables -the that whenever Democrats get together just one drink and didn't get home the-work
reduction of armaments.
ly Indorsed by mother.
usual, with. Qpacationa during 193S.
some one has to pull them apart
for three days.
big boys to boss thing*.
those banks which on first
MRS. GEORGE A. SNYDER
.>••••"?•
* "A*
ffl
1
*
;•£••
V
7£&
•'.'H":f'
2 8 2 BANKS OPENED MONDAY
GREAT BANKS BACK
NATION'S BUSINESS
NORTH COUNTRY NATIONAL
FARM LOAN ASSOCIATION
it