VOLUME XXIX. NUMBER 54.
MEMBER ASSOCIATED PRESS
SEWARD, ALASKA, TUESDAY, MARCH 7, 1933.
PRICE TEN CENTS
MEASURE INTRODUCED
ALASKA LEGISLATURE
TO STABILIZE BANKING
JUNEAU, March 7,—A measure
to stabilize Alaska banking was
introduced in the Senate by Sena
tor Hess following conferences
Saturday and Sunday.
It authorizes the Territorial
banking board to declare banking
holidays and authorizes banks,
with the approval of the board, to,
suspend payment of deposits in
protection of public interests. Its I
passage was immediately indicat-!
ed.
A memorial by Senator Walker j
to Congress urges “immediate steps :
be taken to enact emergency legis
lation along the lines set forth
in the depreciated currency bill,
H. R. 13,999 and asking only that
the competitive status prevailing
prior to the injection of depreciat
ed currency element, be restored”.
The Governor’s message Wed
nesday indicated that it will con
tain a number of striking sugges
tons.
AMERICA HAS II
GONE OFF THE GOLD !
WASHINGTON. D. C.. March 7.
—William H. Woodin, Secretary of,
the Treasury, said that the United j
States has not gone oil the gold j
standard.
“It is as ridiculous and mislead-,
ing to say that we have gone off
the gold standard as it is to say
that we have gone off the currency
standard,” he declared.
“We are definitely on the gold
standard. Gold merely cannot be
obtained for several days. In other
words, gold payments have been
suspended for that period. We are
on the bottom now. We are not go-;
ing any lower. The majority of our;
people have lots of courage and if
they only have confidence and
will do what our great leader at
the White House says, we wall get;
out of these troubles very soon
Those who are afraid and weak
hearted. have absolutely nothing
to fear but a little inconvenience." ;
SAN FRANCISCO. March 6. —
Accosted by a man who claimed
to be a friend of her husband, and
also claiming that the husband
was injured and wanted her, Mrs.
Marie Florito was taken to the
Emergency hospital in a critical!
condition as the result of an attack
an imprisonment of two days in
a house near South San Francis
co.
Mrs. Florito said the man drove
up beside her as she was leaving
her home and asked her to come
with him to where he was taking
care of her husband who had met
with an accident.
The man drove to the house j
described and there made the at
tack after which he kept her im
prinoned for twQ days. The man
disappeared on the third day,
leaving the doors unlocked.
Mrs. Florido reached the street
and there was found by passersby
and taken to the emegency hospi
tal.
Police say they have investigated
the house and found nothing but
the signs of a wild party. The
owner of the house stated that
the house was rented by an Ital
ian last week by the name of j
Frank Berlotti but has not seenj
him since; only one week’s rent1
was paid.
The husband said he had sup
posed his wife had gone to visit
relatives and had not bothered to
notify him.
The halibut schooner Attu, Cap
tain Peterson, arrived in port dur
ing the night from the banks.
UNIFIED SUPPORT
WASHINGTON, March 7—Unifi
ed Democrats in control of Capitol
Hill are ready to rush thru Con
| gress Thursday whatever legisla
! tion Fresident Roosevelt thinks
will meet the National emergency
or, failing that, give him extraor
dinary powers to act alone.
I
FACILITIES AVAILABLE
BY END OF THE WEEK
WASHINGTON, D. C , March 7,
—Temporary banking facilities will
be available in some sections of the
country by the end of week, it was
said in informed quarters.
Despite the emergency closing
of all banking institutions the
business world Monday quickly
adapted itself to the absence of
banking facilities while monetary
authorities worked out substitute
plans.
Among the various measures now
under consideration or now oper
ating to ease the frozen credit
situation is that of receipts of new
deposits by banks when they re
open on the basis of 100 per cent
withdrawals on demand.
These funds would be separate
from other banking business and
held in trust. Also, issuance of
clearing house certificates by
banks to thaw out their frozen
credits.
These would be secured by var
ious assets of banking institutions
and might circulate as actual
money.
Extension of credit by storekeep
ers to knowm customers might be
extended and paid when the situa
tion eases. i
KETCHIKAN, March 7. —The)
two banks closed Monday in ac- j
cordance with the Presidential!
proclamation and with little dis-1
ruption in business.
Seward's banking is reported in'
sound condition and residents J
have resurrected gold scales and;
are prepared to pan gold if neces- \
sary and go on a dust basis.
>!; rfc -X*
Word was received at the Feder-1
al Bureau of Fisheries of earnest I
regulations in seine fishing for
next season to help fishermen
earn more.
Parts of 19 bays heretofore clos
ed to salmon fishing will be open
ed next summer.
WASHINGTON, D. C., March 7,!
—A demand that the Federal gov
ernment immediately take over
and operate all banks in the Unit
ed States was made yesterday by
Representative O’Connor, Demo
crat from New York.
Mr. O'Connor proposed a plan
whereby the Postal Savings or
ganization would take over the
operations of all classes of bank
ing institutions.
MAY BE DELAYED
WASHINGTON, D. C., March 7,—
Henry T. Rainey, majority leader
in the short session of Congress,
and designated by Democrats as
Speaker of the next session, said
he believed all foreign "war debt
negotiations would be delayed
necessarily by the present domestic
banking emergency.
SEEKS DIVORCE ALASKAN
SEATTLE, March 7,—Mrs. Anna
I’ricda Greenberg, poetess, using
Pseudonym Johanna Frieda, sued!
for divorce from Herbert Green- j
berg and for a share in his mining J
claims located in the Cape Nome
district c f Alaska for which she
said he -ad been offered $250,000-1
She said he has a $20,000 yearly*
income and has been stingy to her.
BANKS MAY EXERCISE
USUAL FUNCTIONS TO
ALL EXTENT NECESSARY
WASHINGTON, March 7,—Sec
retary of the Treasury Woodin in
the regulations issued today ruled
that any National or State bank
may exercise usual banking func
tions to the extent that is abso
lutely necessary to meet the needs
of its community for food, medi
cine, other necessities of life, re
lief of distress, payment of usual
salaries, wages or necessary cur
rent expenditures for maintaining
employment and other essential
purposes; also, any banking insti
tution may deliver to the owner of
properly identified documents or
securities held for safekeeping and
where settlement for checks charg
ed to accounts on or before March!
4, is incomplete, settlement may j
be completed where such settle-!
ment does not involve payment of j
money or currency.
Two factors combined to makej
problematical the prospects of an
early solution by President Roose
velt’s administration; War debt
and allied world economic prob
lems is one and the pressing do
mestic banking situation is the
other.
There is a lack of any visible
enthusiasm on the part of foreign
nations for the proposal of Secre
tary Hull that any country seeking
debt revision must first state its
position on matters and broad
tariff policy.
Mr. Douglas took the oath of of
fice as Budget Director and a
moment later plunged into work
to find ways and means of bring
ing the federal government expen
diture within revenues.
PASS CONVENTION BILL
SACRAMENTO, Calif., March 7,
—By a vote of 66-12, the assembly
passed legislation providing for a
constitutional convention to con
sider repeal of the 18th amend
ment. )
I
NEW YORK, March 7,—Gover
nor Lehman and his gubernator
ial power over the banking system
in the State, moved swiftly to pro-:
vide people with scrip.
No sooner had the legislature
handed him Czaristic-swav over
banks and insurance companies,
than he let it be known that the!
temporary medium which will be
submitted to the legislature and
calls for new corporation for issu
ance of certificate currency
against assets found in banks.
It will not be pressed, however, j
if national scrip is available be-!
fore tomorrow.
HOLDING HIS OWN
WASHINGTON, March 7,—Sena
tor Robert B. Howell of Nebraska
developed an infection in the neck,
in addition to pneumonia, but of
ficials at Walter Reed Hospital
said he was “holding his own de
spite his weakened condition.”
GEO. H. BERN TAKES
WASHINGTON, March 7,—Geo.
H. Dern took over the duty of War
Secretary amid the tinkle of hun
dreds of spurs worn by Army offi
cers who assembled to greet him.
All heads of the War Department
branches presented themselves in
uniform.
Dern’s first official announce
ment was appointment of Brigad
ier General Francis L. Parks to
continue as Acting Chief of the
Bureau of Insular Affairs.
-4
ISSUANCE SCRIPT HELD UP
SAN FRANCISCO, March 7, —
The Clearing house is delaying the J
issuance of script until advice is)
received from Washington on the
national money program. The
stock exchange closed untn Friday.
GOVERNORS OF FORTY
STATES UNANIMOUSLY
SUPPORT ROOSEVELT
WASHINGTON, D. C., March 7,—
The Governor’s conference called
by President Roosevelt to consider
problems connected with the pre
sent country-wide economic emer
gency, broke up late yesterday
with the representatives of 40
states’ governments solidly behind
the new administration’s efforts
for rehabilitation.
“The unanimous sentiment of
the Governors’ was to support the
President,” Gov. Gifford Pinchot
of Pennsylvania said.
The State executives who con
ferred with President Roosevelt
had outlined to them a program
dealing with the banking situa
tion. Federal unemployment relief,
farm mortgages and agricultural
matters.
They appointed a committee of
three to draft a resolution ex
pressing confidence in the Roos
evelt proposals.
The principal point of the pro
gram, President Roosevelt told
them, would be a federal clearing
house for relief which he hoped
to get set up in the next two or
three weeks.
He again stressed the duty of
localities saying that if they failed
in their responsibility to the States
and if it is proven they cannot
meet the situation, the duty then
falls upon the federal government.
EUROPE CONFIDENT
OF STABILITY AMERICAN
FINANCIAL SITUATION
NEW YORK, March 7, -Confi
dence in the fundamental stability
of American currency is returning
to eve^y foreign capital but ex-j
change markets moved slowly*
awaiting developments in the
United States.
Financial authorities at London '
are not worried and do not believe i
America has departed from thej
gold standard.
The dollar will not be quoted in i
Paris until American banks are re
organized. The dollar rate was
fixed at 4.1 G marks in Berlin.
Premier Mussolini of Italy de
cided tc place no restriction on the
dollar exchange. The American'
dollar was not quoted in Tokio.
_A___
ASSASSIN APPEARED
UNCONCERNED AT THE
DEATH MAYOR CERMAK
MIAMI, Fla., March 7, —“Me no
car”, muttered Guiseppi Zangara,
Mayor Cermak’s assassin, when
informed that Mayor Cermak had
died.
A specially impaneled grand
jury was summoned to meet this
morning to indict the assassin. He
is under sentence of 80 years al
ready on four counts of assault
with intent to murder.
Now he is liable to be electro- ,
cuted.
The Dade County Grand Jury1
returned the murder indictment,
about 5 p. m. Circuit Judge j
Thompson announced that Zan-,
gara, a naturalized Italian, will!
be arraigned at noon tomorrow.!
Conviction carries the death pen- j
alty bv electrocution.
Zangara was found guilty of
first degree murder of Mayor An
ton J. Cermak of Chicago.
CONTINUED DELAY
SACRAMENTO, Calif., March 7,—
The State legislature continues to
delay passing bank laws pending
Federal action.
RECEIVE FOREIGNERS
TOKIO, March 7, —Emperor
Hirohito will receive Ward Price,
of the T on don Daily Mail, and
Thome,5 T*rnyland Vaugh, ocean
graph': the Serious Tn',Mt"te
of Ocrangraphy, at La Jolla, Cal
[forni •
WALSH HONORED
WASHINGTON, D. C., March 7.—
The Nation honored Thomas J.
Walsh yesterday at impressive
funeral services in the chamber
where the late Senator from Mon
tana advanced from comparative
obscurity to a place of distinguish
ed leadership.
MR CERIUM OIED
MONDUr FROM BULLET
INTEHBEOJflRSEVELT
MIAMI, Fla., March 7, —Anton
J. Cermak, “Tony from the coal
mines,” who rose t^> be mayor of
the nation’s second city, died Mon
day from the effects of a bullet
fired by an assassin who hoped to
strike down Franklin D. Roosevelt
and came to a quiet end at 6:55
a. m.
All through the night he had
been sinking slowly. Gangerenous
pneumonia had set in to compli
cate the colitis and heavy heart
strain resulting from the bullet
wound.
Attending physicians said they
knew Saturday night there was lit
tle chance for recovery.
Mayor Cermak’s family and a
few close friends were at his bed
side when he passed.
A special train bearing the May
or's body left last evening at 6 p.
m. It is due in Chicago Wednes
day forenoon.
The body was borne to the train
in a cortege headed by uniformed;
units of the Miami Shrine Temple1
and the American Legion Drum
and Bugle Corps.
Four Chicago detectives, who
have acted as a bodyguard for
Cermak during his long illness and
four Miami policemen, were sta
tioned In the baggage car with the
casket as a guard of honor.
GOT CASH AND DIED
TULSA. Okla., March 7. —Dave
Goodall, 71, a contractor, handed
a bank teller a $5 bill. Just as he;
received five $1 bills in change, he
fell dead of heart failure.
WASHINGTON, March 7—The;
Post Office Department announc
ed the establishment of a steam
boat mail service from Seattle to
Skagway by Ketchikan, Wrangell.
Petersburg, Juneau and Haines as
often as contractors of boats oper
ate or a maximum of 25 trips from
April to October 15 this year ana |
April to June 30 next year, for the ;
sum of $675 a round trip.
Likewise, Seattle to Seward, sup
plying intermediate points; or a
maximum of 65 trips from April
this year to June 30 next year at
$3,000 a round trip.
MANILA, March 7,—No bank
holidays under President Roose
velt’s proclamation were expected
here.
Gov. Gen. Theodore Roosevelt,
Jr., cabled Washington that Phil
ippine banks were in excellent con- !
dition and should be permitted to \
remain open. In reply, he wasj
advised the Secretary of the Treas- I
ury was forwarding formal author-!
ity for the banks to remain open !
|
ITALIAN PRINCE DIED
ROME, March 7, —Don Marino
Torlonia, Prince of Civitella Cesi,
died suddenly at his home here
last night. He leaves a widow, the
former Elsie Moore of New York,
and three children.
DOLLAR TRADING OFF
LONDON, March 7, —Trading
in the American dollar is still sus-1
pended. Bankers of British and!
other countries approve the emer-'
~?ncv measures in the United
States.
m urns
RELAXES STRINGENCY
ON BANKING 00111
WASHINGTON, March 7,—Eight
regulations relaxing the stringency
of President Roosevelt’s proclama
tion were announced by Secretary
of Treasury Wooden and provided
the following:
Limited reopening of banks to
accept new deposits subject to
withdrawal without restriction and
all accounts to be kept separately.
Second—repayment in full on.
demand of deposits heretofore re
ceived by banks under agreements
or legislation authority for segre
gating and full withdrawal.
Third—handling drafts for ship
ment, transportation and delivery
of foodstuffs.
Fourth—free access of customers
to safety deposit vaults.
Fifth—making change but with
out paying out gold or gold certifi
cates.
Sixth—cashing checks drawn on
the Treasury of the United States
but net in g6!d or gold certificates.
Seventh—returning without re
striction all cash checks, etc., re
ceived for deposit or collection af
ter the last closing business hours
and not entered on books.
Eighth—accepting in cash or
otherwise payments on account of
notes or other obligations due
banks.
UNI OF TEUTONIC
PEOPLE IS CIIEN NEW
IMPETUS N HITLER
BERLIN, March 7,—A movement
for the union of Tetuonic Nation
als including Austria, a frequent
cause for alarm by neighboring
countries since the World War,
was given new impetus when Hil
terites held mass meetings thruout
the country last night acclaiming
the victory for the former Austrian
Hitler, in the German election.
Meanwhile, the question was de
bated if parliamentary gov
ernment has been eliminated here.
Officers empowered to call a par
liament session resigned after a
stormy meeting.
Street shooting has occurred,
following seizure of the municipal
government by the Nazis, three
being slain and 10 wounded.
r
k>
SUBMISSION OF REPEAL
PASSED BY BIG VOTE
SACRAMENTO. March 7, —By
the significant vote of 66 to 12 the
assembly passed the Hornblower
bill setting up the plan for sub
mission of repeal of the 18th
amendment to vote of people of
California.
With Dr. A. H. Briggs, superin
tendent of the Anti-Saloon Lea
gue, sitting at his side as a guest.
Assembly-man Hornblower effec
tively discussed the merits of the
bill.
Assembly-man Thomas A. Mal
oney of San Francisco blocked an
other attempt from prohibitionist
quarters to amend it.
This was Assembly-man E. V
Latham’s amendment which would
definitely have fixed the time for
the election of delegates to the
State Constitutional Repeal con
vention as the August primary
election of 1934.
PASS SPECIAL BILL
SALEM, Ore., March 7, —The
Oregon state senate passed the
Gouley bill to call a state conven
tion to vote on repeal of the 18th
amendment. The vote was 18-12.
The bill goes to the Governor.
CLOSED INDEFINITELY
NEW YORK, March 7, —Banks
prepared to issue $250,000,000 in
clearing house script. The New
York stock exchange' closed inde
finitely while on the walks, hover
ed speculators like a flock of vul
tures.