^inuarii tin tin SatPiuaii
member associated press
VOLUME XXIX. NUMBER 57.
SEWARD, ALASKA, FRIDAY, MARCH 10,1933.
PRICE TEN CENTS
BUS CONTINUE
EMERGENCY STILE
EXISMESIDENT
PRESIDENT ROOSEVELT LAST
NIGHT ISSUED A PROCLAMA
TION EXTENDING THE NAT
IONAL BANKING HOLIDAY
INDEFINITELY.
ACT IS NECESSARY
NATIONAL EMERGENCY STILL
EXISTS. SAYS PROCLAMA
TION LAST NIGHT
WASHINGTON, D. C., March
10,—President Roosevelt last nite
issued a proclamation extending
the National banking holiday
indefinitely. The holiday was to
have ended at midnight, last
night. The proclamation was the
first official use President Roos
evelt made of the virtual dic
tatorial powers granted him in
the banking act passed by Con
gress yesterday afternoon.
President Roosevelt said in his
proclamation:
“The National emergency still
exists and it is necessary t.o take
further measures to extend the
proclamation of Sunday in order
to accomplish the purpose of the
original proclamation, to pievent
export, hoarding and speculation
of gold, silver, bullion, currency
and speculation in foreign ex
changes. All terms of said pro
clamation are continued in full be
yond March 9."
BILL DOES THESE THINGS
WASHINGTON. D. C.. March 10,
—Broadly the emergency banking
bill passed yesterday afternoon
does these things:
Validates all emergency decrees;
reenacts that section in the Enemy
act to prevent hoarding and auth
orizing the control of gold re
serves: provides penalties for
hoarders; grants authority for con
trol of banks to protect depositors
and creditors and providing for
the prompt reorganization of non
liquid tanks on a sound founda
tion of permanent liquidity;
amends the Federal reserve act to
permit direct loans to corporations
and individuals against United
States obligations as collateral;
authorizes the Federal reserve to
issue bank notes:
1— Against obligations of the
United States owed by Federal re
serve banks.
2— Against notes of corporations,
partnerships or individuals se
cured by United States govern
ment obligations.
3— Against member bank notes
secured by sound assets.
A RECORD PASSAGE
WASHINGTON, D. C., March 3 0.
—Speaker Rainey signed the Roos
evelt bank bill at 7:45 o’clock last
night. Vice President Garner sign
ed the measure at 7:51 p. m., and
it was started on its way to the
White House.
LEADERS IN CONFERENCE
WASHINGTON, D. C.. Maith 10.
—President Roosevelt summoned
House and Senate congressional
leaders to meet at the White House
at S:30 last night to consider the
other two features of his emer
gency program.
One is understood to deal with
economy, especially reduction of
Veterans’ costs. The other relates
to his Tennessee river power de
velopment project.
IMPRESSED. GRAVITY
WASHINGTON, D. C., March 10.
—The new 73rd Congress, impress
ed with the gravity of the times,
went to work at the stroke of noon
yesterday in both the Senate and
the House.
Almost immediately the routine
of organization began with new
leaders being installed in both
branches.
The Senate having met before
and being all sworn in quickly got
down to business but in the House
the long roll-call and the swearing
in of new members caused consid
erable delay.
WAR-TIME SPEED
WASHINGTON, D. C. March 10.
—President Roosevelts drastic
emergency banking bill was un
animously passed yesterday by a
House acting with war-time speed.
The measure providing dictator
ial banking powers for the Presi
dent and allowing controlled ex
pansion of the currency, wras hur
ried thru the House with cheers
and applause after reading of Mr.
Roosevelt’s short, hard-hitting
measure on the National financial
emergency.
The bill was reported immediate
ly to the Senate without amend
ment by the banking and currency
committee, but was temporarily
held up by Senator Huey Long,
(De-m. La.).
RECORD ACHIEVEMENT
Senator J. Robinson, of Arkan
sas, chairman of the Senate bank
ing committee, following an early
White House conference after the
Congressional session, broadcast a
message in which he explainea
the day’s legislative action in Con
gress.
In part he said the administra
tion has been and is working claj
and night considering various
plans to bolster the economic sit
uation and put America back on
the road to good times. He believ
ed that what the Senate accom
blished yesterday was without par
allel in American history. A com
plete reorganization was effected
in record time; the emergency;
banking bill was introduced at
1:30 o’clock and at 4:30 the com
mittee reported the bill to the Sen
ate. Partisanship was forgotten
and within six hours after intro
duction of the bill, it had passed
both Houses, a record achievement.
The banking program is expected
to rebuild the nation’s financial
situation and throw a protective
ring around the nation’s gold sup
ply. President Roosevelt, in less
than a week, has made history
and probably saved America's fin
ancial structure. He will be listed
with America’s immortals.
Banks all over the country are
ready to open at a moment’s no
tice on a normal basis but a sec
ond proclamation was necessary
in order that the administration
be given more time to devote to
the entire program.
OPEN QUICKLY
Secretary of Treasury Woodin.
in a statement early today, said
it will be the policy of the Treas
ury to open sound banks of the
country as rapidly as possible but
that it might take a few days to
pass on conditions of banks.
He invited them to make appli
cation for reopening.
Senator Glass said the reason
the bank holiday was extended
■was to give more banks opportuni
ty to seek the shelter of the Feder
al reserve system.
Attending the White House con
ference last night -were Senator
Robinson of Arkansas, Wagner of
New York, Costigan of Colorado,
Burns of South Carolina, Rankin
of Mississippi, Burns of Tennessee,
Glass of Virginia, LaFolIette of
Wisconsin, Rainey of Illinois. Snell
of New York and Connery of Mas
sachusetts.
ON THE BLOCK
NEW YORK. March 10,—Maxie
Rosenbloom’s light heavyweight
title claims go on the block tonight
when lie meets Adolph Heuser, the
squat German.
--«
GOV. LA GUARDIA?
WASHINGTON, D. C., March 10,
—Ex-Congressman F. H. LaGuar
dia is being prominently men
tioned here as a possible appoint
tee to the governorship of Puerto
Rico.
M
MRS. F. 0. ROOSEVELT
CALLS ON AMERICAN
NEW YORK. March 10. —Mrs.
Franklin D. Roosevelt called upon
American women to ‘Lead the way
in setting new standards of what
is really valuable in life ”
Writing in the Pictorial Review
she said: “We have come to a
place where success cannot be
measured by the old standards.
Just to make money is not a guage
any more of success.
“A man may not be able to make
as much as his wife, may not be
able to make enough to support
his family, and yet he may be a
success: he may have learned to be
happy and to give happiness, too,
in striving for things which are
not material”.
OFF FOR GENEVA
LONDON, March 10. —Premier
Ramsay MacDonald and Sir Sim
ons left today for Geneva where
they will attempt to save the forth
coming world disarmament con
ference from complete failure.
famouImandog,
BALTO, IS NEARING IRE
ENO OF THE TRAIL
CLEVELAND. March 10,—Balto,
near the end of the trail, the Alas
ka husky which led Kashon’s dog
team in the final lap of the anti
toxin race to Nome in 1925, lay in
warm quarters at Brookside, his
stout heart slowly failing.
He is partly deaf and blind and
manages his hindquarters only
with difficulty but is not in pain.
He is about 14 years old and has
only a few days more to live.
Balto and old Sys are the only
two dogs remaining of the seven
which were bought for the Zoo in
1929 from a Los Angeles Dime
Museum for $1,500.
BERLIN. IMarch 10. —Charles
Messersmith, consul general of the
United States at Berlin, yesterday
handed the Prussian chief of pol
ice, Magnue von Levetzour, a mem
orandum concerning attacks on
American citizens here.
The memorandum cited attacks
on six citizens since Sunday, in
their domiciles or on the streets.
Five of the victims were of Jewish
descent.
In each case the men attacking
the Americans were dressed in
Nazi uniforms. “The Chief of Pol
ice expressed regret at the occur
rences and promised to take the
requisite steps immediately.”
NEW YORK, March 10, —Police
found Frank Abramatis lying face
down on the sidewalk. He was tak
en to a hospital and revived; he
was found to be starving.
“I haven’t eaten in four days,”
he said. In his pocket was a check
for $17 which he received last
week for work but had been una
ble to cash.
FAITH, CONFIDENCE
ORMOND BEACH, Fla., March
10,—John D. Rockefeller, Sr., urged
whole-hearted public support of
banks, in a golf course statement.
“I have every faith in the banks
of cur country and in the good
people,” he said.
BANK OF SEWARD MUST
BE CLOSED ONE MORE
DAY
The following telegram was j
received this morning by Pres
ident H. S. BaJderston, presi
dent of the Bank of Seward:
“In order to effectively car
ry out the provisions of the
new law, holiday is extended j
over tomorrow (Saturday).
Proclamation later tonight.”
Signed—S. G. Await, assist
ant comptroller, Washington,
D. C.
* * u * *
A second telegram was re- I
ceived by the Bank of Seward
at noon today and was as fol
lows:
‘‘Bank legal holiday extend
ed until further proclamation
by the President.”
Territorial Banking Board,
Juneau, Alaska.
IS JAMES WALKER
SUES FORMER MAYOR
MIAMI, Fla., March 10.—James
J. Walker, who resigned as Mayor
of New York City while Governor j
Roosevelt was considering findings j
of the Seabury investigation, was;
sued for divorce here by Mrs. Janet
Allen Walker.
Mrs. Walker alleged desertion in
her suit filed in Circuit court of
Dada county. She has been spend
ing the winter here.
The former New York mayor
went to Europe immediately after
his resignation and is now abroad.
From Paris came the report that
Walker had a wire from his New!
York attorney to contest his wife’s
charge of desertion.
While Mrs. Walker did not men-!
tion Miss Betty Compton, movie,
actress, in her suit, ihe New York!
inquiry into the administration
brought forth the fact that Walk
er had signed over checks to Miss
Compton in the amount of $70,
C00. The actress and Walker are
both in Paris writing books, it is
said. j
A EIG JOB
PEIPING, March 10,—The Chin
ese national government instruct
ed Marshal Chang Hsueh Liang,
Governor of North China, to equip
an army at once to recapture the
Province of Jehol from Japanese
and Manchukuo troops.
OFFENSIVE RECAPTURE
JEHOL BK TIE CHINESE
PEIPING, March 10,—A smash
ing counter-offensive against Jap-1
anese troops in the Province of i
Jehol, north of the Great Wall,!
was decided upon at a meeting of!
the Chinese high command.
Gen. Chiang Kai Shek, general
issimo of the Chinese forces, arriv
ed from the south and conferred
at once with Acting Premier Soong
and Marshal Chang Hsueh Liang,
who has been in command in the
north. |
A communique later was issued|
announcing the desperate decision
to hurl 60,000 men into the battle
in an effort to wTest Jehol from
the grasp of the Japanese armies.
BATTLE UNDER WAY
TOKIO, March 10,—A heavy bat
tle between Chinese and Japanese
within the willed city of Kupeikow
was reported. The Japanese are
considered extending operations to
North China proper.
“IRONSIDES” MOVING
LOS ANGELES, March 10,—The
frigate Constitution which has
been on exhibition here in Los
Angeles harbor, sails today for
Long Beach where it will remain
for 10 days.
SECRET AGREEMENTS |
SERVE TO KEEP EUROPE
IN CONSTANT TURMOIL!
—
NEW YORK, March 10,—Discus
sion of secret agreements for arms;
shipments and dictatorship and
return to power of the Kaiser, is
keeping Europe in a turmoil.
Czerchoslovakia, Jugoslavia and!
Rumania, once a part of Austria,
Hungary, would again be united.
Poland has strengthened her
garrison as Westerplatte, the en
trance to the free city and Port of
Danzig.
Alarmed over developments;
there, Vienna streets are patrolled
by armed troops, as unempoyedj
began organizing hunger marches, i
In Germany the threat of im-!
prisonment at hard labor for
thousands of Communists, inti-'
mated they will be barred from
political life until they become1
“useful members of the nation”. !
NATIONAL HONORS
TULSA, Okla., March 10,—The!
“Diamond” basketball team of this;
city are tvell on their way to the]
National championship by their!
victory over the University of Ohio 1
30-17.
BRITISH NAVY BUDGET
RESTRICTEB. YET LARGER
THAN LAST YEAR’S
LONDON, March 10, —British
navy budget estimates published,
yesterday provide for an expen
diture of 53,570,000 pounds over
last year.
The Admiralty explained this
year's estimates have been res-;
tricted due to the financial condi
tion of the country.
The budget provides for the con
struction of four cruisers, eight
destroyers, one flotilla command
craft, three submarines, three
sloops and auxiliary craft. The
four new cruisers are final re
placements under the London
treaty.
MANCHUKUO. Mar. 10. —Off
icials have taken over control of
all towns and villages in Jehol
when they drove the Chinese be
hind the Great Wall, which sep-'
artes Manchukuo from China pro-'
per.
In the stretch of 150 miles!
over which the Japanese and i
Chinese fought are many villages j
and towns now7 occupied only by.
aged Chinese and children, all
able-bodied persons having fled
before the belligerents.
An effort on the part of the
Chinese to retake Cupeidow7 Pass
has been defeated by the Japanese
infantry.
HOOVER URGES PUBLIC
SUPPORT TO PROPOSAL!
NEW YORK, March 10—In a 14;
word statement, Herbert Hoover,:
Thursday called again for support1
of President Hoover's efforts to
straighten out the banking situa-1
tion, in response to requests to!
comment on the message sent to:
Congress by the man who succeed
ed him in the White House.
The former President said:
“There is just one thing to do and
that is to support the President’s
proposal.”
BIG FINE AND IMPRISONMENT
FOR HOARDING, SPECULAT
ING GOLD
WASHINGTON, March 10, —In
the economy bill. Senator Robinson
disclosed, the President later on
plans a half-billion bond issue for
emergency and human relief.
A second Presidential message is
looked for today, Friday, which is
expected to unfold his economy
plan but no one would venture to
say the measure would be run thru
Congress like the bank bill which
was unseen by most of the mem
bers of Congress and unread by
more than a dozen.
When and how the new currency
will be spread thru the country,
is among the paramount questions
for Treasury officials.
The new measure says that a
person may be fined S10.0G0 or put
in prison for 10 years for hoarding
or exporting gold.
Gold began yesterday flowing
back into the peoples hands and
back to banks and is expected to
continue to relieve the situation
The metal burned fingers today
as seared consciences stung hoard
ers into sudden action and thous
ands all over the country surrend
ered gold to banks to purge them
selves of the yellow stain which
the government decreed would be
a passport to prison.
NO LONGER USEFUL
The country has more gold than
any other country and about one
third of all the-gold in the world
whitjsh would rave been .more than
adequate if it had been protected
and permitted to function normal
ly. but it was being drawn out of
Federal reserves where it backed
“our currency and put where it
w’as no longer useful save to indivi
duals.”
The new proclamation means
that for the time being banks can
do only what they have been do
ing the last few days to prevent
food shortages or keep people from
going payless.
Five out of every six banks in
the United States can be properly
listed as sound banks.
Passage of the banking bill was
never in doubt and it was passed
by the Senate by a vote of 73-7; it
then became the law of the land
in 30 minutes.
OFFICER KIUPPED
B! SMUGGLERS H
EUREKA. Calif.. March 10. —
E. C. Ballinger of Bellingham, Wn.,
customs officer who was on spe
cial patrol duty along the Cana
dian border, was rescued north of
Hornbrook after he had been kid
napped by two men he caught in
the act of smuggling machine
guns and other weapons into this
country
The smugglers drove Ballinger
from Washington to Northern
California, but turned back when
they saw the agriculture quaran
tine station north of Hornbrook.
Driving a mile off the main
highway they handcuffed Ballin
ger to a tree, knocked him un
conscious and escaped.
Ballinger regained his senses and
his cries for help were heard by
Fred Ollar, rancher, who chopped
down the tree to free Ballinger.
FEVERISH SILVER BUYING
SHANGHAI. March 10. —Reports
that the United States is planning
to increase the silver content of
silver dollars brought a feverish
buying of silver among speculators.
Their activity created rumors in
some quarters that China may
place an embargo on the metal.
PUBLIC DANCE SATURDAY 1.0.0. F. HALL