Brenham Banner-Press (Brenham, Tex.), Vol. 49, No. 292, Ed. 1 Thursday, March 9, 1933 Page: 1 of 4
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BY BANK HOLIDAY
Presidents of three Brenham banks
they will be ...permitted t*
riren they do open, accord
tng «to information" given a Banner.
Preus representative who was embay-
ing to seet'rc something on the Ka ik-
ing situation especially as its affects
the people of Brenham and Washing-
EXPECT ACTIVITY
BROADEN FRIDAY
TexarfS Wednesday night waited
patiently anj|, expectantly for further
developments in an already-begun
process of thawingtjhe frozen deposit*
laaZnaf institutions
mtfgaBute. athjtt .tatnk*^ and
pro vide c urretfcy expansion.
The senate and botiM rushed ar-
'New York, March 9.—(AP)—Mr.
and Mrs, John Doe, average American
tion had been taken tl
congress as a resun
Roosevelt's message.
z—
| Evening Pram
I Octobee, ttU
BRENHAM, TEXAS, THURSDAY, MARCH 9, 1933
esident Roosevelt Asks Control Of Banks
House Passes
TEXAS BANKERS
Washington, March 9.— (AP)-—The house passed Prest-
rangements to do the president's b^
itirens, found by Wednesday night
over banks
for
protection
accepting them in
needs.
little to wor-
Dallas, Houston,
ITinptvycs AHU suihc inrtnes----—w--—— — < W'? “
.^tendently of their clear- ¥“«rc<;Ptcd >y rur»l,^8'J n^«**ary,4cleiMW--hpuac.- certificate
sen-
law.
Satur.
club room for a regular
and the visiting Elks.
Rubenstein, retiring ex-
tra iSee-
COTTOM
his election. The state convention.
Strict middling. 6.75
Commerce Department.
Bohnes o
riers. The letter bore the postmark of
Minneapolis and had been written on
the stationery of a Minneapolis hotel.
cent of the
is normally
if measures
temporarily
dry
and
open
amend,
reinstat-
saloons.
A most cordial invitation is extend-
’d to all who will avail themselves of
the invitation to attend these services.
"Every night is everybody's night.’ '
Doe
tied
some
them
most
good
executive
following
to a re-
said his
instruc.
was antici-
President
at re-
would
tgain
1EWEJOSDON
IN LEGISLATURE
Power to reduce government costs,
including veterans funds’ and to pro-
vide haJf a billion dollars or so for
puGITe pfoJRffYBnrpw ugptoyment.
March 9.—(AP)—Center.
Dakotas and bordering
hunt for two men federal
chargewith ’kidnaping of
Democratic leaders are aiming, If
possible, to get the banking bill to
the White House tonight
txrElTEDTO BE
NEXT BANK MOVE
Tyler, March 9—(AP)—Two pipe
lines and one well were dynamited
near Kilgore about midhight. Two
joints of Atlas pipe lines and one of
the Overton Refining Company's line
were destroyed. The blast ignited oil
flowing through the latter, and it is
still burning today. The fire •» too
distant from any buildings to damage
them.
Chinchow, Manchuria, March 9.—
(AP) — Japanese headquarters at
Kwantung ordered a general attack
tomorrow for the purpose of annihi-
lating all Chinese troops still resisting
along the Great Wall afstrict inside
Jehol province.
President Roosevelt revealed also
that soon he will request congress to
enact two other measures "of imme.
diate- nrgencyA^iiL'’ ~r ~~
. knight
Ifarrison Hyman, esteemed loyal
POLICE WIDENING
BOETTCHER SEARCH
AS ONE CONFESSES
AVERAGE CITIZEN
IS NOT BOTHERED
BILL FOR F.D.’S
BIG IMPROVEMENT
PLAN INTRODUCED
Particularly in the Rio Grande Val-
ley was bank scrip in evidence, de.
spite frowns of the Valley Clearing
Hotise association. At Paris, Texas,
the chamber of commerce printed
S25,OOO in script, which it will ex-
change for checks and which merch-
ants there have announced they will
accept at face value.
Food prices climbed upward in Tex-
as as direct result of the moratorium.
TEXAS COTTON SEED
TO SUPPLY LARGEST
ONE-VARIETY AREA
The letter gave instructions about
farm work and said Sankey would be
home “Saturday or Sunday ' of this
week.”
forth in a
by Dr. Lionel D.Uidie,
economist, and concur,
number of bank execu-
were interviewed, the fourth not be.
ing reached oi account of not being
in town today. Each had little to say,
declaring he aid not know when the
banks would open.
T. A. Low, president of the First
National Bank, said he could not say
whether the banks would open for
business Friday or not but that if they
did open their functions for the pres-
ent would probably be ver^ limited.
Almot Schlenker, cashier of the
First National Bank, stated this after-
noon that they had .received no in-
structions as to what to do, and ex.
pected no information until some ac-
afternoon by
Brenham bankers know no more
than the general public regarding
when the banks wjill open dr wha:
PIPE LINES AND
WELL DYNAMITED
NEAR KILGORE
and Mrs. John
have their money
to open such
bepn ascertain- ,
Washington, March 9.—AP)— The
administration’s drastic banking revrsi.
an bill was introduced in the senate at
a :40’ p. m. today by Senator Fletcher
of. Florida, chairman of the banking
committee.
The measure, providing for contrail,
.d expansion of currency, and ap-
proval of all of President,Roosevelt’s
orders during the bank holiday, was
referred immediately to the banking
committee. The senate recessed fif-
teen minutes to allow the committee
to consider the tiitt."* »
In most cities where banks . were
not yet opt^ to limited business, plans
for such opening Thursday or Friday
had been completed.
q development of
currency problem
itself
were
<1
should be issued to facilitate the in-
ter-bank settlements, according to Dr.
Edie.
Actually, a relatively' small number
of certificates would probably be is.
sued it was held, because the Feder-
al Reserve banks already supply
clearing facilities on a large-scale.
A number of banking authorities
here feel that currency is a mere inci-
dent to the whole situation, and that a
misleading emphasis on this, question
has dominated public discussioh, ow-
ing to the burden placed on currency
because of the lack of normal means
of settlement. Currency outstanding,
it was pointed out, is already
cord breaking proportions and
be excessive, could settlements
(Continued on paste 4)
normal basis,
with
when
proclamation will
BILL REPEALING
HEADLIGHT LAW
The president called those recom-
mendations "Essential preliminary to
iuhsc>ujl|»t ’. . ’xt^ directed against
speculation with funds of depositors.**
Although Texas clearing houses
giving t h a
government the
E. N. Reichardt Elected Head
Brenham Elks; H. S. Rubenstein
Candidate For State President
Meanwhile merchants, .were confin.
uing to extend credit to their custoni-
Ji *’-♦‘‘■neea persons.'.pot
having accounts were given food and
merchandise in exchange for checks
or I. O. U’s.
rtnrr rormat orgvhnMftm had been
completed President Roosevelt a«lrrH
of congress immediate enactment of
legislation
branch of
powers:
" Control
of depositors.
Authority forthwith
banks as have already
ed to be in sound condition, and oth-
er such banks as rapidly as possible.
Authority to reorganize and reopen
such banks as may be found to re-
quire reorganization to put them on
a sound basis.
^Ihe president asked for amendment
of the Federal Reserve act to pro-
vide for such additional currency,
adequately secured, as may become
necessary to Issue to meet a!T“cur-'
rency demands; and at the same time
to achieve this end without increasing
unsecured indebtedness of the govern-
ment. ■ .
GENERAL ATTACK
ON THE CHINESE
spirit. In it he clearly analyzed
reasons why we need a revival in
church today. He also referred to
Church Going Campaign which is
in Brenham now, expressing his
proval of the program.
The date of the meeting is March
8 19. Rev. Weldon preaches every
evening of this week except
da'y. He will also speak twice Sunday.
The evening services begin 7:30 p.
tn. Monday, March 13, Rev. Edmund
Heinsohtr, PK.vf of the University
Church, (Southwestern University),
Georgetown, Texas, will arrive to con-
tinue the series of services.
Washington. March 9.—(AP)—It
was understood in informed circles
today that Josephus Daniels of North
Carolina, secretary of the Navy dur-
ing President Wilson’s administration.
Denver,
ing in the
states, the
authorities
Charles Boettcher II,” wealthy broker,
for $60,000 ransom, was pushed- vig-
orously Wednesday night while police
here began building up cases against
four other suspects held in jail.
One orh.< TrJipecH,-Car) W. Pcxrtv
36, Burlington, Colo., insurance sales-
man, confessed police said he wrote
the ransom notes to young Boett.
chcr’s wealthy father, Claude K.
of the Na-
detaile'd on
Huuran.ee policy payments, court fines
storage charges,, telephone, gas and
electric light hills and other forms of
personal debt. ’
3D BRENHAM BANNER-PRESS
Josephus Daniels Expected To
Head Group For Consolidation
Major Transportation Agencies
I- i.* ’ r si . - » > - ■
Washington, March'- 9.—(AP)—Re.
-Henry T, of, ^11-
inois was today elected speaker of
lie house' of the 73rd congress.
gress in Fourth St. Church opened
last night with a fine and appreciative
congregation. The sermon and the
song service was enjoyed by all. Rev.
R. L. Weldon Was the preacher. His
sermon was clear, interesting,
thought-provoking, heart - searching
and delivered in a fervent and earnest
the
the
the
on
ap-
BIG-fQNGREGATION
ATTENDS SERVICES
AT 4TH ST. CHURCH
Boettcher. Pearce said ne copied the
notes on a typewriter from penciled
notes js-ritien by Verne Sankey, ^1.'
ping Board, and Aeronautics branch ,
• the
Such consolidation Would bring to-
gether major transportation agencies
of the federal government.
A baby daughter was born Wednr
day to Mrs. Charles Boettcher II.
Physicians said mother and daughter
are doing nicely.
Ernest N. Reichardt was elected ex- • At 6:30 on the evening of April
alted ruler of Brenham Lodge No. i12, preceding the installation cere.
■ monies, a barbecue dinner will be
served at the city park adjoining the
city hall, after which the Elks will
repair to the
meeting. The barbecue will honor the
new officers
Markets
Eggs, 7 ct*.
Sweet eream, butterfat, 13c.
Sweet cream, butterfat, delivered at
plant, 17c.
Sour cream butterfat, 10c.
Washington, March 9.—(AP)—In
a few crisp words President Franklin
D. Roosevelt urged the- specially -■
convened congress today to empower
him immediately to own
The Roosevelt
Banking Bill
'Youngberg, described by police as
the man who guarded young Boettch-
er in the basement of the isolated San-
key ranch home, was returned Wed-
nesday from Chamberlain, S. D., and
placed in jail here.
Authorities' said Pearce admitted
writing the notes on a typewriter in
a downtown office buil<lih£ and send-
ing them to the elder Boettcher at
various_Jntervals. Police are in pos.
sessiorWof the typewriter.
Arthur Mundelius, esteemed lectur-
ing knight.
F. L. Amsler, secretary.
Congress Rushes Plans To Give
President Power To Reorganize
Let Checks Clear
huxiness paraly;
sis,” he said ■ "is to open the banks
and to announce that checks will be
honored when marked ‘payable- thru
clearing house.’ As to country checks
the equivalent marking would be
payable through' Federal Reserve
Bank*.”" ---------
Under such a plan, local clearing
house* would, of course, determine
the qualifications of bank* to come
’I hese 'proposals are believed, in
democratic capital circles, to be:
kivfiwNimtAhbKE
b BEFORE SENA1E
Washington, March. 9.— (AP) —
\ bill described - as representing in
W^O?e<fd^rtt*R*dosevlirr^ for
a gigantic improvement project in
the Tennessee Valley was introduced
today by Senator Norris.
Wednesday several of the larger
cities took the initiative in opening
side doors for the partial resumption
of business under provision* permit-
ted by state and federal regulation^
The front doors remained closed in
most instances, with the holiday 1<’.
sally still in effect, although dej-csit
ora were being allowed to withdraw
portions pf their accounts sufficient
to take, care of necessary
Broadening of activities
pated for Friday,
Roosevelt's holiday
baye expired.
At San Antonio,
Galveston and elsewhere employers,
J.>e*dayr w«»e allowed
to withdraw sums up to 20 per cent
of their payrolls, providing they do
not have cash incomes. Other transac-
tions authorized by Secretary of the
Treasury Woodin were in progress.
Austin, March 9.—(AP)—Tha
ate passed today a house bill by
preventative Alsup of Carthage;
pealing the automobile, headlight
The bill now goes to the governor.
Dallas, Texas, March 9.—An or.
ler for 250,000 pounds of Ayala
Ctton seed for- planting one of the
,-rgcst one-variety cotton projects
in the world, in the Don Martin
irrigated area at Cameron, Mexico,
has been received by John D. Rog-
ers, Navasota cotton breeder. On
the 35,000 acres of cotton in this
project only Acala can be planted
under a Mexican hw and the pro-
ject is supervised by Jhe National
Irrigation Commission. -Remainder
of she 75,000 acre* under cultiva-
tion in the Don Martin irrigated
area m devoted'to corn, wheat,
bean*, flax, castor beans and track
also has shipped
RAINEY ELECTED
SPEAKER HOUSE
73RD CONGRESS
New York, March 9.—(AP)—Wall
street leaders today were actively
discussing means to resume regular
check clearing operations as the next
step—and a vital one, in thei^ opin-
ion—designed to restore the business
situation to a
Some said-
.this character; the
would take care of
against hoarding
continued.
Approximately 90 per
business of the country
.■carried mi b> the cbqqkipg svstetm
Business is becoming paralyzed, it
was said in financial quarters Wed.
nesday, not because there is a lack
of currency outstanding but because
the clearance of checks has come to
a standstill.
These views were set
memorandum
Wall street
red in by a
tives.
Would
ance of scrip, that form of tender had
made its appearance in widely *cat-
terfed sections, for the most part back,
ed by individual business firms, al-
thpugh. somtL cities were issuing scrip
tB'rnuntcipal-employes’ and some bimki
. . . .
ing bouses. ,
Harold S.
alted ruler is a candidate for president
of the State Association, of which he
has served faithfully and efficiently’
as trustee for the past three years.
W;« ranrfidarv hask been endorsed by
One of the “hottest” clues in the
hunt came from Aberdeen, S. D.,
where the Evening New* said a letter,
signed by Si— .’^'Jnd addressed to
federal and state prohibition
prospect for next week.
Sponsors are completing prepara-
'ions for their big push to put ovej
the- Mwtht^M-uore-Anderson . house
of wiping out the Texas
ment to •'the constitution
Ing local option without
They hope to get it up for floor con-
ideration Tuesday or Wednesday, and
to get a vote on it before the week is
over.
A partial canvass of house members
indicates to the wet leider* the prob-
ability of a two-thirds majority on
• he first ballot. Of 103 representative*
queried, 82 have said they will vote
fol submission, and 47 have not yet
>een canvassed. Submission require*
100 favorable votes in the house, and
Il in the senate.
Should the measure fail to muster
( . .
he necessary votes, it could be brought
•p and voted on again and again,
foint resolutions ‘haw the right of
vay over bills, and can be brought up
1'most at the will of the proponents.
The state repeal resolution was ap.
•roved several days ago by the house
committee on xonstitutional amend-
nents, 11 to 3.
While working on this matter, the
epealists also are moving to get ac-
Mon on a measure to pas* on the pro-
••osed amendment to cancel the dry
nandate in the federal constitution.
\ bill by Representative P. L. An-
lerson of San Antonio, calling for an
arly convention, ha* received com.
nittee Approval and will be bic.aght up
is soon as possible. Meanwhile the
•enate comnritee on state affairs
•Ian* a hearing next week on several
•ills proposing various plans and
times for holding the convention, M-
•ordmg to Senator W. K. Hopkins of
Gonaales, chairman of the committee
- -
.ittle with Their noimal mode of liv-
ing. -'
_ Although they might have , little
.e»h. few of their creditor* were in-
sisting on cash.
,, Chc.cks, technically, might not be
worth, at the moment, more thin the
paper they were written on, but
everyone wa*
faith.
And if Mr
happened to
up in savings accounts or -• in
oilier manner that prevented
frtyp being personally in a "liquid”
condition, there was still
ry about.
In scattered ‘sections
tion moratoriums were
message.
F. H. Bosse, president of the Wasb-
iw a?’ ington County State Bank, declared
he wa* still in the dark and , did not
know what to Say in response
quest for information. He
bank had received no further
tion* other than those received last
. week to remain closed according to
President Roosevelt's proclamation for
• bank holiday. He, together with
• - banker^, js awaiting further in-
Sankey and Gordon Elkhorn, alias*
Gordon Best, 33, are sought in the
United States, Canada and Mexico
as the men who “ actually kidnaped
■ 7,;.’»
night of February 12. Boettcher was
held captive nearly 17 days in a South
Dakota rendezvous which has been
identified as the ranch home of San-
. ' 979, B. P. O. Elks, at a regulaf
* meeting held at the elubs room* Wed.
neaday evening. Other officers were
elected as follow*:
Is T. A. Low, Jr., esteemed leading
Austin, March 9.—Decisive action
?n ISSiiljL1!?" a^cct‘n8 repeal of^ both
is in
;------------------------T------------------------r---
No Instructions Received By
Brenham Bankers With Regprd
To Opening Of Banks'Friday
D. C. Giddings, head of the Gid-
dings and Giddings bank, was not in
Brenham today, therefore could not
be reached for an interview.
C. L. Wilkins, president of _ (he w£re generally. pppose^Jft. the. igsu- _____
Farmers Rational Bank, stated this
morning that there was nothing to
eay, as he did not know when the
banks would open. This afternoon hie
could not be reached, as he had^gone
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Blake, T. C. Brenham Banner-Press (Brenham, Tex.), Vol. 49, No. 292, Ed. 1 Thursday, March 9, 1933, newspaper, March 9, 1933; Brenham, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1181700/m1/1/: accessed June 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Nancy Carol Roberts Memorial Library.