The Orange Leader (Orange, Tex.), Vol. 20, No. 49, Ed. 1 Monday, February 27, 1933 Page: 1 of 4
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Newspaper PuWUhed In
ijounty, Heart of Southeast
Rico, OIL. Stew and
Industrial Empire.
Cloudy
eloutly
VOLUME XX
ORANGE,
MONDAY
ynf I •
S%W'M
an
es
e
TED
Stockholders of
'■o Discuss
.
SsS
INTERIOR AND
HYDK PARK. ft. V., Feb. 27- —
Presidoot-elect Roosevelt added.. two
more names to bit) cabinet today,
Senator Claude W. Swauaon of
Vlrglulti us secretardy of tlie navy
and Harold Ickes of Illinois as at-c-
retary of the Interior. —
He bad previously announced ap-
pointment ■ of five other members of
his cabinet. Cabinet members officl-
'ally announced thus far are:
-Secretary of wnr, Conlell Hull of
Tennessee.
Secretary of "the treasury, William
1 Woodiu of Pennsylvania and New
Kcretsry of wur, George II. Deru
ta b •
ussier general, James A. Far* +
ley of ^New York.
Secretary of the navy, Claude A.
Swanson Of Virginia.
Secretary of thy Interior, Harold
Large Crowds See
"Passion Play" Sun
One of the largest crowds attend-
ing any service... at the First Metho-
dist church in some time, was on
hand last night to witness the free
program in presentation of the fa-
mous "Pasoun Piay^ n motion pic-
tures. A distinct feature of the
program was an illustruted lecture
delivered In connection .with the pic-
ture by Dr. G. E. Morrison. Prac-
tically every church in the eit j« was
represented in the vatft crowd pres-
ent and throughout today numerous
favorable comments were heard.
Miss Barbara Timmons furnished
music during the program.
FOUR SHOT IN
GUN BATTLE
AT TERRELL
THRRKLL, Tex.. Feb. 27. (AP)—
' This leaves three. , Person* were shot, ona prob'
Inct still to be officially* announced |nbIy~mnttj~-jMMW^riy today In n
although It is generally believed that !*"" {l*Ut between two-ToWm**,mUle U>*U(l a" mo,'nll'K' " * W*H
r* Terrell
fleers and a Terrell marshal nlnl
night watchman.
Clyde Mitchell, u Monroe, Idep-
uty sheriff, was shot through the
Perkins of New j head shortly after he had stopped at
a gurng,. to change license plates on
the attorney general will be Thomas;
J. Walsh of Montana, the secretary
of commerce, Daniel C. Roper of
South Carollnu and tlie secretary of
labor Miss Frances
York.
Senator Swanson Is an authority l l,lH automobile to throw off the trail
on naval affairs. He is one of the st,>' >'e believed were trying to gain
btaunchcst preparedness advocates on ! enstodjt of a bank robber suspect In
CAPTlFRiOF
JEHOL CITY
MAR 1PLA
Kishi Damage Suit
Trial Is Still In
Progress This Week
Testimony of Carl Clemmons, prlu-
ciimj head of the Uulf Production
complxn* In Texas, in charge of pro-
duction>tnd drilling, was being taken
in district wouVt here this morning in
behalf of theN<Jefense in the case of
K. IviHchi et aiXj. the Gulf Produc-
tion company et aK Clemmons nad
been on the stand Kir nearly two
days when he was takt!K off in or*
I der to allow Fred W. Uulhvij. former
CHINCHOW. Manchuria, Feb 27.
(AP)—Encouraged by the rapid
sweep - of divisions under' Lieutenant j
Generals Yoshlkaxu Nishl and Mu-
sayetuon Sakamoto and Muj. Gen. .
Kennsoukc Mogi's cavalry brigade, I'"','" i'"" "
. head of the Rycude Oil corpttraUon,
lusted today that . . •*,, \
to testify.
Just how long this term of coif
will last no ouc> would venture to
prodeit (twins*, since the trial has now
occupied ten days. The special term
of cyurt wus ordered for trial of
this case only *nd for such length
Japanese officers bo.
they would occupy Jehol City on j
March 10, anniversary of the 1B0B.
battle of Mukden in the Ruaso-Jap-
anes* war.
These forces approached the Im-
portant' mountain passes of Liuguan |
und Cbthfeiig, above halfway points
In their advances across Jehol, de-
scribed as the last important line of
the Chinese defense.
Japanese officers said the progress
of their troops was easier and
cheaper than the high command bad
hoped for. t
• Such confidence persisted despite
the fact that an infantrj* brigade un-
der Maj, Gen. Hclrjtro Hattori was
Checked in southeastern Jehol where t
itlty^^ficat^jdacoj where Japanese test-
ad the mettle Sf tfe«v£g£jilurs of Mar-
shal Chang Hslao-lJang7™TtertlK-Qy-.
na military leader, and iti was re*
ported the heaviest engagement thus
far.
S B. Bass, a marshal and special Ln(t Ungyuan.
leputy sheriff holy tfompti. Lit., was ..T1,e onolllv
PBIl'ING, Feb. 27. (AP)—-A Chi-
nese commuuupie Issued here today
said Japanese airplanes bombed the
Jehol cities of Chihfeug, Chienplng
Capitol Hill." At tluS same time he is
an advocate of international .agree
meat for limitation of armaments i de
and a member of the American arms | shot through the' right arm below | wurd {niw Ka„u l(h ti,.- ol.jc-vt of
the -elbow. and Herald urenrele, the ... v.
is adviiiitinn suuth-
I
ml
delegation.
Mr lakes is a lawyer and has j officer*' chauffeur was shot through-
been identified more or less with thu I 'be neck. The fourth casualty was
republican independent group. lie | Luther Sullivan of Terrell, who was
has been assocmu-d with Scuatjr ; believed to lie In a serious condition.
Johnsou of California, in past poliU- L Mitchell and llass were en route
cat caiupaigiiM and is regarded by i Ballas t,. Ixniisiana with Jos
Mr. Houeevclt as a leader "lor gocid i tester when they stopped here for
government."
THEFT CHARGES
| bKfuiifast. Believing that they wcro
j b< ing trailed by friends of Lester,
i ihey decided to have the number on
j their car changed. A garageman 1k-
cauio suspicion'* and notified authori-
ties who ordered the Louisiana offi-
cers to {brow up their hands.
Bassv, thought it was an attempt
to deliver his prisoner and opened
fire. A general gunfight followed:
JUMPER
HO0STON. Teifr.iv. Feb. 27. (AP)—
£/ik l|irp"Cted biitr , jumper from
a suspected bull jumped from
.—.veston, was chargcd shortly be-
fore noon with two cases of aulonjo-
bile theft In Houston.
Four city detectives arrested
Campbell as he drove out of a
driveway of a residence here.
Police maid he was wanted in Gal-
yt-stmi for ''jumping" a $ I n,OU(l bond
in connection with an alleged rob-
bery there.
'
ON TIMK FOlt SILViat WEODIXti
PALLANZA, Italy. — Twenty-five
years after his son's marriage. Stef-
hno Maioll, farmer, has received an
Invitation to the wedding. It ' had
been lost In the mails. Because of
the difference time has worked In
postage' values Mnioll hud to puy lor,
en additional stamp.
f
j
Salvation Army
Board Meeting Is
Postponed to Wed.
A special, meeting of tiay^nlvatlon
Army advisory* board scheduled for
4 o'clock this ufternoon; was posl-
pot«i|i until Wednesdays afternoon at
the sdm^' hour,. It wos announced to-
duy by Captain John G. Churchill..
- '
May Term District
Court Is Planned
/ ' —■
Following the close of the official
term /of district court here Saturday,
plfurs for the next term to lie • held
here, beginning on Monday, May 20,
;wcro started bj« local officials. The
next, term will be designated as the
May term.
taking Chibfeng, 'JO miles north of
Jeh«i City, but is meeting great dif-
ficulties because of sand drifts and
mud in the river beds over which
tanks and motor trucks are utiahte
to pass." said the announcement.
It said a Japauese transport was
forced to bait at Kallu.
''Japanese cavalry fought a day-
long engagement near Malmnnwung-
fu, losing more than 4 0U horses
which perished in the mud. Severe
fighting continued throughout yester-
day In (lie Croayang region, where
Chinese regulars were counter-at-
tacking with considerable success," it
said. "
An earlier communique today said,
Chinese casualties totaled 1000 and
^iat Japanese casualties were 600 in
one battle near Lingyuan. Chiuese
were reported still holding Palshlht;
sumen, net^r Lingyuan, last night de-
spite Japanese cavalry attacks.
of time as -It— would take to com-
plete It.
It was understood -that Judge J.
T. Adams of this city wus made spe-
cial district judge to preside at New-
ton for the February term of i oiirt
which opened at that place at ~'J;30
this morning.
District Attorney llollls M. Ki-
nard left early this morning for New-
ton where he will assume his duties
in setting the criminal cases and
working with the grand jury.
HOOVER ARMS
X' '' %
m
(k ^ t \
end Cash
n Forming
ank Merger
Feb.f 27. (AP)—Two
It (mnks, buttressed by the
Henry Ford, today he-
me the keystone of plane ly lead
of the difficulties wtSlcfft
in the proclamation of a
[e banking hoi Ida two weeks
whose capital will
ot *8,2l^,0<W 4Mr''i bed by
bis son, Edett, we ex-
JB for business Wednert-
tvlii be built from the
of the First Nutlonnl
the Guardian National bank
ifce whose depositors will
be «bte.. to receive Immediately about
SO piMT "t«pt ot their deposits.
of the remaining 70
must Drw^it the liTiuqidatlou
astMtfs of th>stwo bank*.
Ford announcenlmt. climaxed
a wveli-end of fset' woVlnf^evelop-
ments during whlvb official* cif the
First National and the Guard
accepted a $78,00(l,««0 loan
reconsi ruction finance cor-
b<> used in the formation
9
■ r
t r
The Fords' offer to subscribe the
entire capital sitock of the two new
bank)) as accepted by directors and
stockholders of the, First National
and the Guardian National grants the
motor manufacturer ami his son the
right to Jiame the official personnel
of the ttjiw in*tltutien ond ultimate-,
ly to pierce them into one organisa-
tion. These, right* wiere "specifically
requested by the Forda.
the plan the Fords Will put'
up for the iliewwr to
the First National aud $2,625,000
for the successor to ihe Guardian
National. Of the *78,000,000 It. F;
C. loan 14,000,000 will fo to the
bank to bt* built out of the First
National and the remainder to the
bank to be built from the Guardian
National.. r.;f-
,In their statement .which contain*
ed their offer to the bankers Mr.
Ford and bis son wrfd:
"The institution* «o w established
be the type of financial stmc-
tdri'^-UMit will merit public faith In
the ability, of industrial Detroit i*
reliubllltato Maelf.'
iiiSs
Mrs„ Redman Given
5 Year Suspended
Sentence for Murder
TAHOKA. Tex., Feb. 27. (AP)—
A five y*3ar suspended sentence was
given Mrs. Ola May Hedmau' by the
jury which coiivicted her of murder
for the shooting of Howard Chase.
Chase's body, with a bullet wound
in the head, was found in an aliau-
doped automobile near the Lynu-
Garta*^ county line June 8, 1931. He
and MrS;.. Kcdman had left the home
of Chase's parents together the pre-
vious night.
.. Mrs. riedman ittluiitted she had
ouce written a lctter"'t« Chase tell-
ing him that ilj she cotiliV pot. have
him, no other woman could, v
ACTION BLOCKED
WAHHlIS'tj.TON, Feb. 27. (AP) —
The liou*<<' democratic leadership to-
day blocked action on President lloo*.
Vcr's; arms embargo proposal.
Although approved by the house
foreign affairs committee, the rules
committee declined Chairman Mo Rey-
nolds' request for a hearing and
Speaker Garner said today he would
not permit. the proposal to be
brought up under h suspension of
th« rules.
RESIGNATION OF
CHAIRMAN
B
I
Ex-service Men And
Wives Invited To
Legion Meeting
All ex-service men und their wives
are urged to attend a joint meeting
of Lloyd ijGrubbs post utid the la-
dies' Auxiliary* to bo held Tuesday
night tit Legion hull. Following n
SO-minute business session, there will
bo music ami dancing, and refresh-
ments wlli be served during the
eveniu*.
The meeting will begiu at V: 30
e'clock.
Heavy Hauling Is
Reported On O SoT
IWvement of iweet potatoes through
Orange over the Old Spanish Trull
ft r la t week, totaled 303,001) pounds,
according t<r record# of W. A. Nelson,
local Interstate inspector. Theie
was not a sniglc violation caused' by
the attempted movement of non-in-
Bpcoted product* reported here dur-
ing (be week. In addition^ to aweet
potatoes there has keen a movement
of okra and tomatoes coming from
Florida during the past few days,
Mr*. Tom Nations and infant baby
were t&ket.' to their home on the
Maurlccvllle road yeaterday afternoon
In an fjrtmeyer ambnlanoe tlie
France* Anu Lutcher hospital;—^'
' :' ' • y k %
NOW YORK, Feb. 27. (AP)—
The resignation of Charles K. Mit-
chell as chairman of the National
City bank was accepted today at a
meeting of the board.
The board elected Jams H. Per-
kins, president of the City Bank
Farmers Trust company, a National
City affiliate, as chairman to suc-
ceetl Mitchell.
A drama of high finance unfolded
today in the aftermath of Charles K.
Mitchell's resignation of the posts
that made him one of the worlds tP
tans of money. /
Director* of tho National C'U.v
bank, second only to the Chase Na-
tional:, bank. as the largest in the
world, were ^ called to meet at a a.
m-, to act ou tlie gray-haired, stern-
fuced Mitchell's letter of resignation
as chairman of the bank und of its
affillutea and subsidiaries.
Mitchell, even as his letter was
ihatle' public late lust night, was tm
route to Washington to appear again
today , wltne 5"-bcforo the senate
finance committee.
It was previous testimony in . this...
inquiry* that led to the resignation pf
Mitchell, a Cbelscai Mass., native
wIiohu rise from clerkship to/ the
heights of fiunnco was a Wall street
epic, lie said he wus "not willing
that the. criticism that ha? been dfv
rected , at nie as tlie result of public
misunderstanding of testimony given
in ex parte hearings before the sen-
Ate committee on banking aud cur-
rency during the pafct week shall re-
act upon the institution on my ac-
count. Its financial strength Is such
that It needs no restatement by me,
but It will always be my deepest
source Of pride."
/
/
a
AUSTIN, Tox„ Feb. 27. CAP)—
The legislative commlttre on organisa-
tion and economy ri'commentletl in a
report released today that stale
highways be classified and that the
primary traffic arteries be completed
first without regard to Joca I,influ-
ences. ' xv
Construction tui)d* of the state
hway department should be bud-
gct>4) the report auld, ihrough the
prcpahvHon of o,|iuii(il Work pro-
grams, into the major plan of
the hlghwa>v. system and limited In
total cost bj*Sthe amount of eatl*
muted revenue*. \ ' /
-The committee ahiA there should
be annual approprlatlohs of funds to
complete these yearly plsigruius "so
tliut the larger plan may TiSx. carried
forward in logical sequence,
"At present thla budgeting Is^Tvo'
done," suld tho reports "Econoin
has Ik cii sacrificed for tho Make of
keeping coutracts smut!. Keal pro-
gress hits been hold buck for the
sake of satisfying the 251 counties
of the state us to the distribution of
expended funds. Construction activ-
ities have been scattered over roads
without regard for their Importance
to the state as a whole, or their
jiiuce In any general plan, with the
'Te «lt.._that the main traffic arteries
of the st'.ite. highway system lire as
yet largely uudeFBj«ta#d ami unde-
veloped. '~~te
Throughout /today, scores of stock-
holders of tbtji Commercial Palp &
Paper company, also those holding
claims against the company, called
On J. C. Wallace, here as a repre-
sentative of 'California capital to as-
certain! figures, on which the claim-
ants will dispose of their Interests.
Wallace expressed himself a* being
well pleased with the general dispo-
sition of the men advised a* to his
mission here. Most of the men have
shown a willingness to act on a rea-
sonable basis in order to encourage
those who are In a position to lend
a helping hand.
FORMER ORANGE
NAN BADLY
IN WRECK
Aftx, George ^McCraekon, an ex-
prcsaioiK teacher of Iteaumont but
j formerly t C Orange, sustained what
may prove tk be futa|\lnjurle« last
Saturday afteritwn wtnri her car
turned over a slibtt dlstancfex nut of
Iteaumont us she aluL Mr*. X?. II.
Roberts, also a fornu-f"
man, were en route to Astinnliuac
Mrs. McCracken was ta
mediately to Hotel. Dlcu and w
ported as being lu a critleull cmT
might have bad other more notice
able results except for the cxlsteuce
of the large cash reserve, which has
made possible the award of contracts
month by month, thus satisfying tho
public that highway. work has been
regularly i|i progress,
"But this Is an cxpon*lve method
of financing an expensive Instifhuce
against complaint and criticism tor
unbusinesslike uuiuugeuient; A '"snort-
age of funds resulting front lack Of
largo cUkIi reserves, might haVo been
productive of a mora progresalv6
policy."
Regarding ctnplojVs of ihe high-
way department, tlio comtnlttee aald:
"It Is believed that the dep/irtincut
Is fortunate in having, uiidor exist-
ing conditions, an organisation Which
gives such a general impreaslott of
competence, alertness uud loyalty."
The committee stated that tho
road' inalntiiiucnce wua not A* gootl
gU It shquhl be, ''due portly to the
fact tiiat the department Inherited a
system of highways poorly designed,
constructed uud""'1iuUntalnetl," . v . 1
MIAMI, Fla„ Fell. 27.
j Physicians tweume d« ply. t
today over the condition of J
Anton Cermak of Chicago, wounded
by an assassin's bullet, because of
| the pneumonic condition of his right
! lung. ; V;, WSw
MI AM f, Flu., Feb. i1. (AP)—
Mayor Anton Cerntak of Chicago had
it bad night following the uppeuranee
of pueumoula which has further
complicated hia condition, but Dr.
J. W. Snyder, one of his physicians,
said today he thought he would last
through tho day all rlfht,"
The major's pulse was. a little
faster and his respiration was up
thla morning. Dr. Snyder said, uud
be showed the strain be has beon
under, He said he did not lOOHl lor
a change In Ccrnuik's couditton "but
if |t sftoqld come It probably will be
for the worse."-
A bulletin Issued by all Ccrtnak's
physKluna at 7t«0 u. m., said he
bu^l no cough nor apparent puln but
Uhe oxygen tent still was being used
and the mayor's night was restless.
HI*- Lrlupei'ut ure then
PttlKC 128 and rcspiratiot
Dr. Snyder was unable to say
the pft'euuionlc infection had spread
until the attending physicians exam*.
Inn- Cermuk luythcr 'during the «h y.
At brnuhfaat of gelatin und cusjurd *
was taken tti hia room.
m—'' ' Wm0
lion this . afternoon. Mrs. Hobertr^
"Lack of pltinuing and budget ifijr- -esciipcd with minor injuries.
1.1,1 h:,v boil «thor r,,,..-,. >..vitr<- TluV'-~i««d}icnt happened about 7
o'clock HuturiTi"ty-'-eyeni"g as tt result
of a tire blowout. Tftft^itjrtyer lost
Funeral Service For
T. Wo Gregory To Be
Held At Houston
■ • • :• t ^ ,'/>
HOUSTON, Tcx.„, Fell. 27. (AP)—
Funeral services for Thomas Watt
Gregory, attorney general/ in the
Wilson cabinet, Inive beep' arranged
for tomorrow afternoon, from the
family home here, afte/ which It la
planned to take his body to Austin
for burial. y 'V •
The brilliant legal career of the 11-
year old democrat ended In death
from pneumonia at a New York ho-
tel yesterday./ He wept to New York
ten daj*j ago to confer with I'reat-
dent-eiect /Itooaeveit.
PAllIS. Fel). Al/,CAP)'—Tho sen-
ate today passed a motion of confi-
dence In Preiti|cr Kdonurd Dalatlior
by n vote of ISO to 1181 on a Twluc-
tlon of mllltury expenditures.
The senat^ ratified the chamber of
deputies reduction of $20,i>00,00<
upon tlie assurance of Premier 1 )ul-
adier /hot the decrease in nowise
would Impair armed efficient;)*
-"-Tho government thereby cleared
ope of the greatest dbstacles which
the premier's cabinet appeared to
face.
Kxpeetatlons were that the two
hottsea of parliament WottitI reach a
compromise on the proposal for sal-
ary cuts for fuuctioua/ie>i. it was
believed the senate would roach this
tneaeuro today.1
Farmers to Meet
Loan Agent Here
It Is oxpected that-' there will be
quite a number of/farmersltt town
tomorrow from various sections of
the county Uy confer with David
Jladgett, diiitrJCt aupcrvisor for , the
if: S- crop /loan ■ bureau, who an-
nouncad several days, ago -through
jj, K. Harrison, chalfmun of die lo-
Val loan board, that ln would lie
here. It Is expscted that (definite
ngn&|ine«meBt will be made jtf.. t fcW
t,W M| t ha#inoWy will be
allotted to the farmer* of lib)*!coun-*
ty.
McKinley Home Is
Damaged by Fire
"Tjk. fire that damaged to tlie extent
of from $300 to $400,/ thitught to
have started from */ kitchen flue,
broke out in the home ot Mr, and
Mrs. Lovelace MprKlnley at 1409
Fifteenth atreot at 1;80 this morn-
Utg. Hud it uut been for the cough-
ing of tholr Infant baby caused b>
tho smoke aiyj.^fumes from the fire,
It is belle^d that all thr«® might
have perished-4n the flumes.
The fire department did very ef-
fective ' work lit savhig a large por-
tion of the building ant^some of lis
contents, and answered the second
hlarmv at 8 o'clock tifis morning as
a result of some of the house ftHrs-
nishtngs taken/ out of the house
catching on fire again.
control of the car which wotiT~
highway and turned over.
DALADIERGETS
'•.'••j-
'
FRENCH
_
-
LUHBOtS^^Tex.,
—Aftor
HcVwi ytp mC. five.
ly Wjjaf'passed In seuth
ic^Wood, a former bnnk __
. the Lubbock county jtdl tflr;
tlay with an iUdlctinont ; 'J'
and passing a forged —
against him., , /* ~
Wood was arrested yesterday in
Corslc/tna by Sheriff Tom Abel of
Lubbock county and a Navarro coun-
ty deputy aherlff. Sheriff Abei-wld.
Thy sheriff^ brought Wood here'*
•Wood was indicted laat IXcember
by a grand Jury here, which charged
he mad") a note purporting to be "W.
A. Wood," August 4. 1825. for $4000,
payublc In UO days and negotiable iu
the Sluton State bank, and the same
da> passed the false note at the
First National bank iu Lubliock.
Wood was tin olfioer iu the Slaton
State bank whcll he manic and pass- t/*
cd the note, .Sheriff Abel uiid Dlst, y
Atty, Iturtun S. Uurkt said. ,->i
Wood is between $5 aud 40 year*
old and has a wife and two children, X
who were in (Torslcana when he was
taken into custody.
. WW
Many Cattle Die
/
Retail Merchants
Called To Meet
■ : l
' !' >■?' Wig
' 1
\ special meeting of the Orange
Several persons coming into town J Retail Merchants association was
today/ from rural district of Orange I culled for 3 o'clock this afternoon
county declared they saw more dead ] at the office of the secretary on tho '
cuttle than they had seen In many ,i second floor of the Ortlttto
years* The ptolotigcd period of rainy (company building, Malh and Fifth : tj
and cold wenthor has proved too I streets. All members are WlltffljiW!
much for many cattle. It Is tkclarud. j attend. , 0 <■
-- ■ ■;
_ I
Twenty Ohio Ba
Put Restricti6l|s
On Withdraw
, Jj
First Aid Classes
Scheduled Tohight
The second period fo Innlructloii to
first-aid pupils w'H be given touight
by George LaFltte, lucharge of the
standard class at the eity. tial). slid
Eddie ltark<T, In chat
class at the Flrsf
hut.
Indications todaj
be about 40 take
class instruct bins
das* is to be lltt
understood.
mmm mmm
were there would
iH .iu jhurtor
' hut.
io. u i*
KrafivH
COLUMBUS, O.. Feb. 27. (AP)—
'IVcnt>« Ohio banks, alT but tWo ill
Cleveland, Arkoti, Ilaylon anil Young-
stowtt, today placed it'strlctlons • on
heavy withdrawals In anticipation of
.emergency banking laws Gov. G
White promised to offer lit tilt- eur-
rent legislature.
On the., basis of 31, MUi,,
statements, '^4hc Itist'ittitioiiu bat'
more than $81^^00,000 In deposits
and more Utrtu $ 1,025,000,OOt) iu re*
iotWM,/
I Bpth in Akron and t.n©v«jjand. the
iafiiks announced future "'HeyosUg,..,
would iH«,,*et aside and jjyJt„ be p1t^,ed
tinder tlie reaUletioris,' All DayloKi--
bunka -ckmed for a three-day lioll-
All eight of Clcvelamrw bunks op*
as usual but six of tltem limit-
ed withdrawals temporarily to five
nt of deposit* and a seventh,
the (Ittardlan Trait. Watrtc-
Ho#* ow, one p«t cent. The eighth,
the .Xatl^naJ .City bank, declin#d to
ittaaf
81
WMm
kibi
iKili
parilelpaie timj^Jnnouuced It would I
bonduct busitf ss on a, normal HiMtlf I
Whll^'tliry placed lo specified lim-
it, I'uTou National ami the Ma-
Irfmlng National banks at Toung-
titpwu announced they woultl reatrlet
largo und unusual withdrawals, gtT
ficlent funds will be ptUd out ou
demand, they said, to prevent in-
lonvtnb'Hcc to
Akron's five banks restricted wiv*
ing* deposit wlthdrtiwal* to one pu*
cent i er month. —wf "tTitirfi >
Jng nccontji I* will not be
honertiflf under a complicated system.
<!ov. White declined to divulge the
W4 f of tho proposed legislation.
Mamtsur' g. A- Stephenson of the
Clc vcland-.CIcarlnB House usaocla-
tiou, howevh". said the suggests
laws would "eifnldo tho superlttt
ent of banks, wlth"vt^e approt^
the governor and aWortm
Stop or limit withdrawal:
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McBeath, J. S. The Orange Leader (Orange, Tex.), Vol. 20, No. 49, Ed. 1 Monday, February 27, 1933, newspaper, February 27, 1933; Orange, Texas. (https://texashistory.unt.edu/ark:/67531/metapth289326/m1/1/: accessed February 16, 2025), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Lamar State College – Orange.