The Fort Worth Press (Fort Worth, Tex.), Vol. 12, No. 134, Ed. 1 Friday, March 10, 1933 Page: 3 of 16
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FRIDAY, MARCH 10,1983
THE FORT WORTH PRESS
PA
IY. MARCH 10.1
Camera Studies Depict Vitality of President Roosevelt, Who Treats Each Crisis of the Nation As "Just a Day’s Wor
tin
D
Franklin D. Roosevelt
Turns an Ear
To the Nation
STOCK SHOW
HOPE BANKS TO Cynical Capital Amazed
At President’s Vitality OPENS TODAY
EAST TEXAS FIELD
FLOW INCREASED
OPEN MONDAY
LICIOUS
ES
Treasury Head Urges
To Apply For
Opening
All
He and Woodin Calmly
Meet Crisis As Just
A Day’s Work
“HE’S HUMAN,” SAYS
COUZENS OF F. D. R.
(Starts on Page 1).
ing’s death and the scandals of
his administration.
(Starts on Page I).
er the emergency act which was
jushed thru. Congress and signed
ly Mr Roosevelt last night. They perlative or sentimental In the ut-
, , . . terance of a senator, not given to
lad expected to begin opening
lanks today.
Thus there seems nothing su-
The law gave the President
19
fietatorial power over banks and
rovided for hundreds of millions
if new currency.
■ "It is obvious that it wll 1not
le possilbe to act upon all of the
effusiveness, who said, half to
himself, half to those about him;
‘Mebbe a leader has come!"
From midnight Sunday, when
Mr. Roosevelt issued his historic
proclamation, thru the crowded
hours of days and nights, numer-
ous episodes symbolize his and
POUND
FRESHLY GROUND
the people’s attitude,
Despite his other burdens, he
-made one decision in characteristic
the banks to ask permission im- manner that may mean more than 1
mediately to reopen, | people outside of Washington
When the banks open under now realize it was a question |
He new law, Woodin said, they which has harassed his predeces-
will be placed in a position to sors and led to some disturbing
# Applications even by Saturday,”
Decretary Woodin said, inviting
Meet all demands." scenes at ths heart of-the govern-1
j The delay In reopenings was ment. The question was whether |
ue to two .main reasons: Communists should be permitted
1. Cheeking the condition of to parade their grievances
. front 'd the White House. The
links to determine which should it too late to prevent a
My MARSHALL McNEIL
WASHINGTON, March 10.
On the first day he was in
harness as the new presi-
dent, Franklin D. Roosevelt
made an Indelible Impres-
sion upon the United States
Senate as a man's man a
man who gets things done.
It happened thia way:
The President told Ma-
jority Leader Robinson of
Arkansas that he had sev-
eral appointments, and he
wanted them confirmed im- .
mediately. There was a lit-
tle hesitation, and the Presi-
ident asked that Senator
McNary, Oregon Republican,
the minority, leader, and
Senator Couzens, Michigan
Republican, be called In.
Sitting there, he explain-
ed to these men that the ap-
pointments he was making
and was asking confirma-
tion for were of men In
whom he had Implicit trust; ।
and that the boards and de-
Downtown Parade Will
Usher In 1933 Event;
Bargain Offered
(Starts on Page 1).
take part. The Texas Christian
University girls’ riding club also
will have a prominent place in
the section.
E. P. Maddox, parade chair-
man. said that any merchant or
manufacturer would be permitted
to enter one decorated float and
two commercial cars. There is no
charge for entering the parade.
Midway Ready.
Capt. Charles Muller will be
parade marshal.
Placing of the Bill H. Haines
Jumps From 290,000 to 400,000
Barrels Daily
By United Press.
AUSTIN, March 10. — Dally
allowable production In the East
Texas oil field jumped today from
290,000 barrels dally to 400,000
barrels on orders of the Texas
Railroad Commission, issued here
late yesterday.
The order Is effective to June 1,
The order specified that distri-
bution of the allowable among
wells be based one-third each on
bottom hole pressure, sand thick-
ness and per well allotment. It
will range from 30 to 33 barrels
a well. The present order varies
from 28 to 31 barrels per well.
To Hear It Calling
LOCAL BANKS
ACCEPT CASH
It May Be Withdrawn at Any
Time; Payroll Funds
Passed Out •
Mr. President!
TOO MUCH ‘HOT AIR’
Midway attractions was practical- 1
ly complete last night. There will
be 14 shows and nine rides.
Two special trains will bring
ORATORY, JUDGE SAYS
Speaks
1 * opened up at once is taking clash with police in which 20 peo-
, ore time than was anticipated. | ple were hurt, it is law for the »
1 2. Time is being allowed for future.
, ate banks to join the Federal | . Then Mei Governors
As he alighted from the W hite
serve System in order to ob House elevator on his return from
in the benefits granted under the Walsh funeral in the Senate,
partments to which they
would be assigned could not
function without them. The
Senate, he mentioned, want-
i ed to adjourn, and he want-
ed It to, but not before, the
nominations had-been con-
O'CLOCK! 7' 1
MILD AND MELLOW 1
IRCLE2ki
ucH AND mu BODIED I
AR 25 t
/IGOROUS AND WINEY 1
>, ground fresh in the :
cked "steel cut"
SUN YOUR TASTE
emergency legislation which "Steve" Early, his press seere,
F rmits wider latitude In obtain- [ tary, stepped up. . The District of
L ; Columbia commissioners - the ’
■ s new money same who certified to Herbert
Meantime the government en- ′ Hoover the grave need for send-
aving bureau here was running ing tanks, bayonets and bombs
of against the bonus army—were
[ fidgeting in the executive offices,
re- "Take this, Steve," replied the
chief executive. "If the march-
f new money at the rate
:0,000,000 a day to supply
ened banks.
A Hectic Night.
EE SERVICE
13c
1 Washington put in one of its
ost hectic peace-time nights,
I) At 8:25 p. m. the emergency
1 II reached the White House. It
1 id been passed by Congress with
cord speed following a short,
L aphatic message from President
1 posevelt. Fifteen minutes later
• resident Roosevelt, surrounded
M ‘ bis family and a few friends,
1 Sned the measure—a moment-
is peace-time emergency act,
* ving him war-time powers.
# Two hours later he Issued the
1 oclamation extending the bank
' liday.
ers do not interfere with normal
traffic arrangements. I see no
firmed.
The Democratic majority
leader and the Republican •
minority leader agreed. It
happened in a few minutes.
A senator turned to Mr.
Couzens: "Things are differ-
ent, eh, Jim?" he asked and
smiled.
And Senator Couzens was
reported to have replied:
"Yes. He’s human!"
livestock to the show today. One
will come from the livestock show
just closing at San Angelo. An-
other will bring the livestock that
will be shown by Texas A. & M
College,
Among exhibitors whose live-
stock arrived yesterday were:
Menard County 4-H Club, 20
I head of baby beeves.
Oklahoma A A M. College, 19
fat steers, 15 horses, carload of
sheep, 15 hogs.
. Other Arrivals,
Joe T. Davidson, Ozona, 15
Herefords
B. A. Elliott, Moran, 16 Here-
fords.
H. A. Talley, Miami, Texas. 15
Herefords.
Hale Farms, Amarillo, 15 Hol-
steins.
Before Class Here Last
Night
(Starts on Page 1),
cent; others noted a steady
movement in this direction. The
real rush was expected this af-
ternoon and in the morning to
meet the Saturday payrolls.
The chief function prevented
by extension of the President’s
proclamation was clearing the
thousands of checks taken in by
merchants and other business
men during the holiday.
Bankers announced late yes-
terday their intention to accept |
checks drawn on local banks—
for deposit and credit only.
After passage of the new
"Hot-air” oratory should be re-
' placed by sound talks made by
business men who know how to
deliver them, Judge Marvin H.
1 Brown Sr. thinks.
He was a speaker last night
before a public speaking class of
the Trinity Life Insurance Com-
| pany. Instructed by Lynn Squires.
"There are too many ‘orators'
and not enough ‘talkers’, he
said.
reason why they should not pa- * •
rade." ■ The sight of Mr. Perkins strid-
The cops were called off, | ing thru the outer office recalled
After this laboratory lesson to that Mr. Roosevelt had prompted
law and disorder, the President 1 the resignation of his predecessor,
met 36 governors already assem- Charles E. Mitchell, as one of the
first lends In the "new deal.’
bled in the East Room. He shook
hands with them, gossiped with
them and softened their grimness
with the joshing reminder that
"I was a governor myself once."
Sitting in their midst, he ex- against the difficult problem of
plained the steps that had been ’ ,
taken in the banking situation, I making local scrip a medium of
and discussed other questions in- national Interchange that would
No Rest for President
There was no rest for the Pres-
ident even then. At the treasury
the experts had bumped up
• This was necessary to proclaim I
J ficially the emergency and to
! rmit the new legislation to
volving both state and federal
1 governments. With a wave of
netion, since by terms of the
atute it is operative only during
e periods, of proclaimed emer-
ncy.
17
A Constructive Step.
25c
17c
21c
80c Tax
ning
incise
("While much information has
pready been assembled." Woodin
. Id, “the completion of the infor-
ation and of the arrangements
I the banks for resuming their
1 netions takes some time. It
1 is therefore been decided not to
[ thorize any reopening before
I iturday, March 11. It is obvious
at it will not be possible to act
pon all of the applications even
/ Saturday, Regulations and
1 so other subjects covered by the
gislation will immediately be
“iblished.
: “This legislation makes possi-
le the opening of banks upon a
und basis, backed by an ade-
date supply of currency. Thru
is law the banks which will
pen will be placed in a position
> meet all demands. This assur-
1 ice should restore confidence and
■ reate the foundation for a for-
i ard movement in business activi-
1 es.
Invites Applications.
“It will be the policy of the
reasury to permit as rapidly as
sossible the opening of sound
anks. There are, of course,
any thousands of such banks
-hich will promptly be restored
p the performance of their nor-
I tai functions.
N "The treasury has already tak-
<n steps to secure information
thru proper authorities as to the
Condition of the various banks of
he country and immediately in-
Elites from the hanks applications
for reopenlug.”
For a time late yesterday it ap-
1 eared the emergency bill might
a stubbornly opposed.
Tempestuous Senator Huey
long of Louisiana delayed action.
Ie wanted an amendment author-
sing the president to admit all
tate banks to the Federal Re-
Herve System. He declared that if
the hand he left with the invita-
tion that they drop in to say
goodbye before adjourning, They
unanimously adopted a resolution
pledging bi-partisan support of
his administration.
Resilience of Spirits
The Senate saw the chief execu-
tive in two moods, and both re-
flective of the heaviness of his
troubles and the resilience of his
spirit. During the deeply moving
services for his old friend, the
good gray fighter from Montana.
Mr. Roosevelt sat in the Senate
well with head bowed down. He
might have been a graven statue
but for the ceaseless movement of
his thumbs. He raised his head
once to gaze at Archbishop Cur-
lev, and once so as to hear better
the low strains of “Lead, Kindly
Light” sung by the choir.
Mr, Roosevelt, returning to the
White House for more consulta-
tions, seemed confronted by the
spirit with which those around
him followed on, and by the na-
tionwide response to his energetic
moves. He discussed the budget
with young Lewis Douglas, good-
looking budget director from Ari-
zona, and army economies with
George H. Dern, secretary of
war. As a somewhat ironic after-
math to the afternoon, he con-
ferred with James H. Perkins, the
new board chairman of the Na-
tional City Bank in New York.
state banks were compelled to re-
open without reserve backing,
they would have to close again “in
three hours."
64 Per Cent to Open.
Senator Glass, old foe of Long
on banking matters, rushed to the
defense of the bill and took the
Kingfish roundly to task for de-
laying its enactment. *
Every "desirable” state bank In
the country can gain immediate
membership In the reserve sys-
tem, the Virginian said. He pre-
dicted the measure would enable
early reopening of banks holding
64 per cent of the nation's de-
posits.
for safekeeping, and acting as
trustees.
They were admitting holders
of safe deposit boxes—when the
latter showed their keys—and
were continuing the change de-
pot in the Nell P. Anderson
building.
The Clearing House Associa-
tion met again this morning at
the Fort Worth National Bank,
scene of its meetings during the
week.
Further plans were expected
to be worked out today for re-
opening banks under the terms
outlined by Mr. Roosevelt.
of the various banks, they were
studying the terms of the na-
tional bank act passed yester-
day.
THREE TAKEN IN RAIDS
Vice Squad Visits Two Places
Here
A 44-year-old man and two ne-
gro boys were in jail today facing
liquor violation charges, after
raids by the police vice squad last
night.
The white man was arrested In
the 1300 block Kennedy Street.
Three eases of beer were seized.
Neighbors telephoned police when
thy said they heard screams in
In consultation with attorneys the house.
The bankers were keeping
telephone lines open to the Fed-
eral Reserve Bank in Dallas
banking bill and the president’s
proclamation, issued late last
evening, they decided to defer
.this.
Persons with business coming |
under the president’s order were
being admitted to banks today.
The banks were: Cashing ;
checks drawn on the Treasurer I
of the United States; accepting (
deposits in cash, handling drafts 1
and other documents in connec- 1
tion with food in transit, accept- j
Ing documents for safekeeping ,
and delivering documents held
What Bank Act Provides
By United Press.
WASHINGTON, March
10.—
new
Dr. Fred A, Glass, Tulsa, 20
Jersey cattle, three show horses. I Important features of the
The horses of Miss Mary Fierki banking act:
of Oklahoma City arrived. Ten Confirms President Roosevelt's
horses are in the string which re-emergency action and gives him
cently won prize money at Miami, j wide powers over financial insti-
Florida. | tutions, foreign exchange trading
Eight horses owned by G. A. and gold and silver during na-
Nichols of Oklahoma City also tional emergencies.
were received along with nine Empowers the secretary of
horses owned by George M. Sned- treasury to protect the federal re-
don of Tulsa, serve system’s gold reserves by
T. K. Simmons’ seven horses requiring member banks to turn
arrival from | over all their gold or gold certifi-
cates in return for other cur-
were placed after
Tulsa.
George J. Peak of Winchester,
111., sent six horses, all in harness
classes.
reney.
Authorizes the comptroller of
the currency to appoint a ‘"con-
servator" for any federal reserve
member bank if he deems it nec-
lacha/m
MAIN AND HOUSTON AT I2TH
not have a high value in one city
and a low value in another. Mr.
Woodin and his aides. Including |
bankers, had not found the an-
swer. • 1
So at 7 o'clock they filed into |
the President's office, only to dis-
cover that he had left for the
mansion with Mr. Woodin and
Arthur A. Ballintine, assistant |
secretary of the treasury under
Mr. Hoover. With them was
George W. Davison, president of
the Central Hanover Central
Bank of New York and reputed
author of the 1907 clearing house
scrip plan.
They were so dapper at the end
of so wearing a day that it was
comical. Mr. Wood in ill check
gray suit, tie and spats to match,
Mr. Davison, a distinguished,
snappy figure and Mr. Ballentine
arrayed in black suit and tie and
shoes. It was from this confer-
ence that there came the regula-
tion permitting withdrawal of re-
cent and future deposits on a 100
per cent demand basis.
Hours at Telephone .
The day was just beginning for
Mr. Woodin, however. After a
hurried dinner he returned to the
treasury to discuss the scrip
plan's effect on New York, and
the need for new legislation, with
two representatives of Gov. Her-
bert Lehman, That conference
lasted .until almost midnight, and
only a few sleepy guards were at
the door as he softly walked out.
. The President also spent the
evening in work. He was at the
telephone for hours as he got late
reports of legislative planning,
banking developments thruout the
country, and the world's reaction
to his order that the first duty of
America’s $4,200,000,000 gold
store is to ths folks at home. He
was abed shortly before midnight,
but he had a call in for break-
fast of a double helping of orange
juice, ham and eggs, toast and-
coffee for 8 o'clock.
It all seems much better along
the Potomad:
Plans for a play and skating essary to conserve assets fer de-
positors or creditors. The comp-
party will be discussed by direc-
tors of the Junior Chamber of
Commerce at a luncheon at the
Worth Hotel Monday. The play
has been set for March 20, the
skating party March 27.
troller may prescribe such regu-
lation as he deems necessary, In-
cluding limitation on withdraw-
als.
Authorizes national banks to
issue preferred stock to obtain
new capital. Secretary of Treas-
ury may permit any bank to sell
preferred stock to the Recon-
struction Finance Corporation.
Federal reserve banks author-
ized to Issue federal reserve bank
notes secured by 100 per cent of *
United States government obliga-
tions or by 110 per cent of notes,
drafts, bills of exchange or bank-
ers' acceptances. The notes will
rank as national bank notes and
be redeemable in lawful money.
Issuance of the notes to cease
when the President proclaims the |
emergency has passed.
Permits member banks In ex-
ceptional cases to obtain advances
from the reserve banks on time or.
demand notes.
Permits the federal reserve!
banks under certain restrictions
to make advances to individuals,
partnerships or corporations on
their promissory notes, secured by
United States government obliga-
tions.
Styled for Spring!
Dressy Types SFO5
of printed crepes. Ye
solid color crepes,
new dark sheers. 4
Sport Styles
of Briella, Chiffon
Ratine and Doeskin
‘Franklin, Fix Your Hair!’ Exclaims Wife
Of President As Cameras Record Event
With the opening of the Rodeo , , , and so many places
to go these Spring days, you’ll surely want a dashing
new frock. Here are dresses that are refreshing, smart
and intensely practical. See them at $5.95.
Budget Shop—Meacham’s Second Floor
Clever Spring 4“
Sole Straws *—Tie,
By FREDERICK C. OTHMAN
United Press Correspondent
WASHINGTON, March 10—The
aroma of liver and onions wafted
thru the stately halls of the
White House.
In the oval study on the second
floor, the President of the United
States held his pen poised over
the vastly important emergency
banking bill. Cameras were ready
to record the scene for posterity.
History was in the making.
"Franklin," exclaimed Mrs.
Roosevelt, “you fix your hair!"
The President smiled. Secre-
tary of the Treasury Woodin hur-
ried up. He was late. He apol-
ogized,
"Mr. Secretary," said Mrs.
Roosevelt, ‘‘you help Franklin
brush his hair."
The Secretary of the Treasury
obliged. He helped the President
adjust his unruly locks while the
nation awaited the word which
announced the signing of the bill
last night at 8:37.
The scene became increasingly
Informal. "Meggle,” wire-haired
terrier, barked. The movie men
cranked their cameras. Their day-
light lamps blew a fuse. Mrs.
Roosevelt supervised repairs.
The first family still was in
the throes of moving. Plain liver
and onions had been the main
course of their hurried dinner.
Books were heaped on the
floor. Ship models were piled in
baskets. Paintings loaned against
the wall. Mrs. Roosevelt’s por-
trait hung over the door. An oll
painting of the President had a
rope around it.
A few of his favorite marine
scenes were on the wall. His red
rocking chair was smothered un-
der pillows. Six ash stands stood
In a row. The mounted tail of
the famous trotting horse "Glos-
ter" billowed over the edge of a
hamper. "Gloster" used to win
prizes for Mr. Roosevelt's grand-
father,
•The President surveyed the
room. He wore the same blue suit
in .which he had received con-
gressional leaders all day long.
His pale blue tie, like the study,
was awry. He said the speedy
action of Congress in ratifying
the bill gratified him.
He took a fountain pen from
Miss Nancy Cook, friend of his
wife, who urged that he use it.
He asked her if she thought It
would write. She assured him It
would. She said she had paid
$1.50 for It.
Perle Viscas
Sisol Straws
$ 0
Crochets
Rough Straws
Variety is the spire of this group of Spring straws, offer-
Ing sizes, types and colors for almost everyone . . . and
the price IN so low you'll want several! Beautiful quali-
ties in black, navy, grey, blue, red, sand or brown... $2
Meacham’s Second Floor
loot Bee
FACIAL BLEMISHES
From • tiny pimple to acute acme use
Resinol treatment for healing. For a free
**************
int, write Resinol, Dept.
Baltimore, Md. •
0
Head
DOLDS
Put Mentholatum in ths
nostrils to relieve
congestion and clear the
| breathing passages.
IENTHOLATUM
Your
Guarantee
of Real A
Root Juices ′
When st the foun- ,
tain, ask for this ;
delicious beverage I
by name. Genuine 4
Hires R-J Root Beer
costs you no more
than cheap, oil-
flavored imitations.
So always ask for
Hires R./ Root Beer,
not for “root beer".
Chalk Mello-Tone Rayon Slips
California Tops
Adjustable Straps
Sizes 34 to 44
Lace Trimmed,
White, Flesh,
Tearose.
____Straight Line Tops
•This quality sells
6 on sight! They look
A like silk., are
T A easily laundered
•or and will give good
% wear.....70p
Meacham’s Second Floor 5
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Sheldon, Seward R. The Fort Worth Press (Fort Worth, Tex.), Vol. 12, No. 134, Ed. 1 Friday, March 10, 1933, newspaper, March 10, 1933; Fort Worth, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1664415/m1/3/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Fort Worth Public Library.