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About The Banner-herald. (Athens, Ga.) 1923-1933 | View Entire Issue (March 7, 1933)
po— COTTON e M!DDLING el HOLIDAY pREV!C‘.‘S CLOSE .. HOLIDAY r 01. No. 47 FJOODIN ALLOWS GUARDED BANK RE-OPENING AS DEMOCRATS PLEDGE ROOSEVELT THEIR SUPPORT [MADGE URGES JiK SCAIP A 6 A o7EP 70 RECOVERY TR | vernor Tells General . ssembly Cotton Holi . Hits ay Is Also Neeé’ed- | . . ‘Big Financiers. { ICTORY BANDS TO ION AID RESTORATIO 1 e o " a 1 “p s ys “Little People” Will ave to Take Charge of overnment ATLANTA, Ga— (AP) —Tssu e of bank certificates to put e money in circulation and a thwide cotton holiday were vocated Tuesday by Governor weone Talmadge in a message to . general assembly as methods improving the present eco mic situation Just returned from a conferéence overnors with Pregident Roose- It, Mr. Talmadge outlined dis- Lsion it the conference and l “\[v opinion is that the thing r the banks to do is to issue Vtificates as they did in 1907 hen we turned an era of depres n into a period of prosperity in s than two months. There is a ortage of currnecy all over the 11 the banks in borgi ¢ not broke by any W got the money." He said this was not the time iy banking legislation d said there would be no per inent - prosperity’ until farmers 1 profit from the crops they oauce ~ Southern governors in ‘Washe gton had a meeting Sunday and other one yesterday. No pros rity can be had in the South til the price of cotton gets hack ove the cost to produce it. A cher price for cotton would do mu to affect the sale of gold nes in Alaska as anything 1 oW, FBut T would like to see Georgia 1t out and pass a bill prohibit entirely the planting of cotton | 1154 to become efféective when i 1 ¢ tates representing three ihs of the cotton production Imilar legislation. r big financiers and the wise Oble have put this country on rocks. The little peopgle will - 10 DEDE At bdck, TS HEN ‘homihons is the biggest cow- Fon eard) nd he can’'t see L‘* €xcept through his glass l. Hhe little people will have to : 0 our government With their bravery and cours 1L back where it ought to The overnor . : i soverno said President b oy o ooXpreesed - g . SHSEINS a 1 Dls inaugural address. £ ‘1 madge said also that an (_“"_"-‘*'*y e made te issue honds to allow greater F oo .')." government to the 1 relieving economic condi by . ushout the ecountfy. He : 4 me ot the handicaps . heconstruction Finance : “Woought to be taken oo SUOW hroader appliGas a rom the R.- ¥ € ottshoro Trial ¥ . Witness, A Girl, Is Reported Kidna ported Kidnaped UNTSVILLE ALA, —(AP) p tunched an inves " of the apparent disappear ) woman,' one of tha Vilnesses in the i ‘ ifter a rumor P! nissing gained ‘ Isating Tuesday P learned the girl left o nad not heen geen E had not bheen trail that would % hereabouts E t 'l might have becp . nor stated was ‘, lic declined to say, e ™ 0 nvestigation. o 8 Xtile operator, and gl ¢ the allegeq vic ¢ aboard a freight e Slévanson, ‘\lulmm:l’ ) ¢ Roek Ala., as they “heo. : v from l'}‘;:nt:mrm;:zl ! ‘ hoarq the freight ) “Sted when the train ) 4 Paint Rock, and : tly were sentenced . " Durporteq attacks, “Uh sentenpes have been b 204 the oit are up fer “ ."“ N A change of venue in OTO Tuesdqy, | THE BANNER-HERAILD FULL Associated Press Service. Business Firins of Nation Take Space In Papers to Tell Man in the Street He Need Not Worry, His Credit “Good” NEW YORK— (AP)— Business turned to the public prints Tuesdavl to tell the man in the street that he could trade as freely as he lik ed cn his good name; eat on it sleep on it, procure all the necessi ties of life on it, travel on it, even go to the theater on it and take along the 1'0]1(.&:.' The advertising columns of the. New York papers were crowded with display announcements hrim ming with ‘encouragement for the present and with optimism as tu. the future. i 3 , The ovdinary pay-as-you-go fam ily was told that money might ba temporarily scarce, that serip might not yet he available, but that «<redit was still the corner stone of commerce ar? that despite the present crisis it remained un shaken. “If vou haven’t got a charge ac 10 AGGEPT CHECKS FOR INCOME TAXES Both U. S. and State An nounce Personal Checks Will Be Accepted WASHINGTON —(AP)—Checks en temporarily closed bhanks are being accepted for income tax pay ments provided a ‘“‘deligent and conscientious effort” has heen made to furnish cither cash or a postofl fice money order. 1t was explained Tuesday at the In iernal Bevenue bureau, hHowever, that checks were not being taken en banks that have failed. The position of the bureau, in charge of income tax collections, was expressed this way: “The taxpayers should file their returns in the usual manner on or befere March 15, and, if possible, submit either cash or postoffice money orders in payment of the tax shown thereon. s “In this emergency the bureau feels that taxpayers should make a dligent and conscientious effort to send with their return at least the first quarterly installment in cach or postoffice money order. “If it is not possible for the tax payers to make payment by men: of cash or postoffice money orders, they should send their checks, even though the banks are temporarily closed due to the banking holiday “The collectors will clear the checks if it is possible to do so, “However, if the collectors are unable to clear the checks within a reasonable time, it will be neces sary to call upon the taxpayers for new remittances.” CHECKS FOR TAXES ATLANTA —(AP)— Paul Doyal chairman of the State Revenue commission, announced Tuesdas that the state would accept person al checks as well as money orders and cash for payment of state in come taxes and for the purchase of cigar and cigeret stamps. He reminded CGeorgians that March 15 is the last day for filing both state and federal income tax returns. Chairman Doyal said postal anad express money orders would be ac cepted fer purchase of automobile license tags, but that persona! checks would not be accepted for . Invading Jap Arm Battling l)inese )(,n' g Ch f Possession of ‘Wall’ TOKYO — (AP) — Although some Japanese newspapers report ed the fall of Koupeikow, Great Wall passage between Jehol and Peiping, a Rengo (Japanese) News Agency dispatch said a battle for its possession had just begun early Tuos‘f;ay. Although passes through the Great Wall have been captured by the Japaneee, reports from the front said. Turning from its conquest of Jebol, the Japanese troops are en gaged in establishing the Great Wall of China as the new southern defense line for the state of Man chukuo, of which Jehol is to be a part. ' A Peiping dicpatch said the Chi nese were making a “iast stand” against a possible invasion of Chi na proper in the Koupeikou area Neutral observers regard a Japan e<e advance on Peiping as inevita bie after the subjugation of Jehol. count, hurry in and start one,” was the tenor of mrost of the depart ment store advertisements, and they suggested how to urfe such accounts to best advantage, even advocating office workers eating Ilunch in the store restaurants and charging the bill to their accounts. I Hotels offered all their facilities +on a basis of trust. Steamship i lines advertised that checks were | aeceptable and that serip would be ias soon as issued. Airplane com “l:mios and other travel firms fol lowed suit. g Wroadway went even further thasy |{the rest in extending a helpful hand to the temporarily embarrass ed, Producers of one of the current |hits invited play goers to use i checks for the purchase of tickets i:sml added that if checks were no: 1:1vail:1hln I. 0. U.’s would do just lus well, THURGDAY SET FOR [ANGARA'S TRIM Cermark’s Body Speeds Westward as Slayer’s Arraignment Is Set MIAMI, Fla. -—(AP)— Arraign ment of Ciuseppe Zangara on charges of the murder of Mayor Anton J. Cermak of Chicago was sct Tuesday for 9 a.m. Thursday. The date was set by Circuit Judge Uly O. Thompson on agree. ment of attorneys. Zangara, wearing a figured yel low shirt” and the same short trousers and shoes he wore at other appearances in courts, en tered the courtroom Tuesday held tightly by the arm by an officer. He bhowed and smiled at his at torneys. : Attorneys for Zapgara who was scntenced to 80 years in prison for the plot to kill President Roose velt gave no indication of the plea that Zangara may make to the charge of slaying Mayor Cermak. Judge Thompson announced he would be ready to hear any mo tions from attorneys on Thursday and ordered Zangara to be taken back to jail. - He ordered the spectators to re main in their seats until Zangara rad been taken to the elevator leading to tre jail. The .indiect ment against Zangara carries two murder counts. ! ‘One charges Zangara with the jmurder of Cermak when he tried to assassinate the Iresident. } The second charges murder of 'Cermak when he attempted to kil! ’ltlw Chicago mayor. Should Zangara's attorneys en. iter a plea of guilty for their client {he would, under Florida law have to have a hearing before Judge Thompson. After the hearing Zangara woulu be sentenced automatically to i death in the state's electric chair lor to life imprisonment. i Under Florida law a judge or a l,jury hearing evidence in a first degree murder case may at their | discretion provide for death or life l imprisonment. | | CROSSES GEORGIA ABOARD CZRMAK FUNERAL TRAIN, En Route to Thicago— (AP)— Across the rolling plain llands of southwest Georgia this special train sped Tuesday toward I("ixic:ign with the bhody of Mayor Anton Cermak. More than a hundred grieving relatives and friends saw sympia tactic crowds gather at stations in cities where stops were made. They represented the universal |sorrowing at the passing of the i(‘hi(-um) mayor who was shot down‘ ihy Giusceppe Zangara in the fan. latie’'s attempt to assassinate Pres "ident Roosevelt. | Relatives occupied the last car on the eight coach train. Several curs ahead of them the mayor's Lody reposed in a massive solidl Fronze cagket, vanked over with ,flowers. 1 ' Relatives received with interest {reports from Chicago of plans for‘ Mayvor Cermak’s funeral on Friday in the massive Chicago, stadlum.‘ It was .in that stadium that Aavor Anton J. , Cermak aided‘ so materially last June in swinging the Democratic Presidential nomi nation to Roosevelt, his ‘long time friend. | There was no comment forth coming from the family on the speedy indictment of Zangara for first degree murder, a few hours after Mayor Cermak died at 6:57 a.m., Monday in Miami’s Jackson Memorial hospital. ¥ Worn by 19 days of vigil at May {or Cermak’s sick bed, the family Athens, Ca., Tuesday %March 7, 1933, ATHENS APPAREATLY 5 ENOUGH SMALL CHANGE FOR TRADING Slight Demand Is Made Here for Change as De pots Are Opened by Athens Banks AIR OF CONFIDENCE . IS MANIFESTED HERE President’s Action' Allays Whatever Fear That Ex isted Among Citizens Athens apparently has enough small change with which to do business, Very little demand for change was made upon the two change depots opened here Tues day by Athens banks, The Citizens and Southern Na tional bank and the National bank of Athens re operating a ('hnngé depot at the old Athens Savings bank building on Broad street an:d Hubert Banking company is re maining open- to make change for its curtomers on College avenue Very little demand was made for ¢hange Tuesday, indicating that the currency and change in circulation before the national bank holiday is sufficient to keep the wheels of trade moving. : Athens business is going ahead accepting c¢hecks in exchange for goods or on accounts. W. Guy Til ler Plumbing company advertises to the publie in today’s Banner- Herald that it will acecept checks for services or on account. Pied. ‘mont Market and Michael Broth ‘ers,lnc., advertised Sunday in the Banner-Herald that they will con tinue to accept checks expressing their confidence in the community. Restored Confidence A feeling of restored confidenc? is being generally expressed n Athens as business men o ahead as if notiing had happeéned to ten porarily stay the operation of the banks. The action of Presiden: Roosevelt in declaring a national bank holiday, in order that what ever action that is taken to re-open the banks may be based on na- (Continued on Page Two) The Humorous, the Tragic and the Odd in the News (By the Associated Press.) PitySBURGH.—Dr. W. N. St. Peter told his physics class at the University of Pittshurgh that “the sound of one's voice reaches the auditory icrves through the jaw hone instead of through the nat ural organs of the ear.” To prove it, he had each stu dent record a Mother Goose rhyme, then each listened to the recitations. ! Nearly every student recognized khe voices of most of the others, bu tnot one knew his own voice. | NOUGHT PUZZLES EMPIRE | LONDON.—Theé - Daily Herald isays negotiations between Ottawa and London regarding the bacon ‘industry had been all about “nought.’} When the Ottawa conference agreements were drawn up, the newspaper said, it was intended Canada should be given the right to send the United Kingdom 250,- 000 hundredaweight of baeon an nually, but the typist's fingers slipped and made it 2,500,000 hun ’ dredweight. . The extra nought which got in ’tn the copy was not noticed until caster the document was signed I:lnd sealed. I ———— —— THREE-GUNMAN l BALTlMOßE.—Suspected of he ing the “two timing, two-gun 'hundit" who held up the gsame milkman twice, a man, later iden ltmed as Thomas F. May, gave two detectives a battle. Stopped by one ‘detective, May vanked out a gun. The other de tective knocked it from his hand and May whipped out ~another. Both officers got rid of this one only to face a third gun but that too was taken. \ ~ -y '‘OF SUCH ARE GHOSTS MADE . SIOUX RAPIDS, Towa.—One ‘hundred feet of garden hose with a funnel attached makes an ideal ‘ghost. Brave residents of this community so discovered when they investigated the strange noises from a barn near 4 ceme ;f" i m;& . ;?;’ Tm ler —ESTABLISHED 1832— RO : | » 2 [ L 10 BE PASSED BY & L b ’ il » id Caucus Vote Binds S < embers to Support Any Legislation by Ac tion of Party Majority RPOSEVELT PLANS - CLOSELY GUARDED Té . Grant Extraordinary owers If Legislation ppears Menaced BVASHINOQTON.— (AP) —Uni fied Democrats in control on Cap ito§ Hill stood ready Tuesday to ru;‘l through the session of con grd};s beginning' Thursday what evér legislation President Roose velt thinks would meet the nat jonal emergency or, failing that, to give him extraordinary powers to act .alone. S 0 anxious were they to co opérate that senate Democrats agreed to bind themselves as they have not been bound since the World war. In a preliminary or- ganization meeting they voted §HO to '3 a rigid rule under which fu ture caucuses, by action of a ma jority could bind them to support aoi)articular piece of legislation. | That rule is even more stringent ithan the one upon which Speaker ‘mominee Rainey and house lead lers can rely if need be, although ‘they sce little possibility now of {such a need. House Democrats, ‘under present rules, can be bound ‘to vote as a unit enly if two ‘thirds of them agree in caucus. i v%t!ohgmse and senate majori | ties” would exeuse. Democrats whao had ‘made previous pledges te ‘constituents; the senate would ex cuse, too, conscientious objectors. But in the past few have been ,relieved from voting with their {'party on these grounds. ' Only Precaution ' Responsbile leaders on both ,sides of the capitol thought the new and old caucus rulés neces ‘sary only as a precautionary | measure. Senator Robinson of iArka.nsas, after being chosen lleader of his party, said that “the outlook is for a harmonious Dem wceratic majority eager to carry yout the wishes of the President.” iAnd Rainey asserted that “the \ membership -of .the Democratic ihouse is going to support the President and the legislation he recommends.” What that will be the new Pres {'ident is not likely to divulge in [‘message to congress. It was un- Ifull until he “sends his special ldorstoo¢ however, that he would ask congressional . ratification of what he' has done already, means of limiting withdrawals after the | existing ‘banking holiday ends and i’legil%l'axion for the use of clearing ‘house certificates as a medium of ]ex(-hange. . 'Thére is a possibality, said Roh inson, that after congress does the more pressing things it will recess while a general program is being laid out for permanent | banking legislation. And Rainey | said that world problems, so far ':xs congress is concerned, “will have to be put aside until we it.’xkv care of our domestic affairs.” \ . Censorship and Martial Law Abolished in Greece S —— ; ATHENS Greece— (AP) —The political situation was normal Tuesday after Monday's coup d’etat during which there were some disturbances, with one per sen Killed and 23 wounded. | Cieneral Nijcholas Plastiras re signe@ from the dictatorship, hav- | ing achieved his object of ]n‘v-! venting the establishment of a government under the ruynlisti leader, Panayoti Tsaldaris. | General Othonaios, the new premier, announced his sole object | was restoration <f corder and hes hoped to remain in power only a short time. Censorship and m:n'-‘ tial law were abolished. LOCAL WEATHER Fair Tuesday night and Weédnesday. Colder Tuesday night in the east and south portions. TEMFERATURE HIERNE oo o L B 0 LOWENE oLI 8600 Mol L i o L DOMREEE iy L i L 4900 5 RAINFALL Incheés last 24 h0ur5........ .45 Total since March 1........, .46 Deficiency since March 1.... .67 SUT . xauifall.... 501 Total since Jan INI State After State Reopens Banks in Line With Secretary Woodin’s Ruling Granting Cash for Necessary Business ATLANTA, Ga. —(AP)— Atlan ta banks Tuesday prepared to open their doors Wednesday for special Lusiness at outlined by treasury officials in Washington. Offieals of the First National, Citizens and Southern and Fulton National banks issued a statement that their institutions would bhe open at 9 a.m. to handle new ac. counts under the special trust fund provisions of the President’s proe lamation. « Only .cash will be aceepted to apply to these new accounts, but the accounts will be payable on aemand, the statement read. It was further stated that provi sion that wholesale or retail deal ers in foodstuffs, on proper appli cation, would be permitted to pay drafts or other documents in con nection with shipments, transpor tation or delivery of foodstuffs. The Atlanta banks have re quested the Secretary so the Trea ‘sury to authorize the Atlanta b 5 BOETTCHER KINUAPERS HELD . Denver Police Arrest Two Men; Others Are Be e i i lieved Near Capture DENVER, Colo.— (AP) —Two alleged members of the gang that kidnaped Charles Boettcher, 2nd, wealthy voimng broker, for $60,000 ransom, are hehind jail bars, Chief ‘nf Police A T. Clark announced Tuesday, and fwo othér men who helped stage the abduction are known and their arrests are €x pected soon. ‘ Chief of Police Clark said the kidnapers’ rendezvous where ‘ Boettcher was held more than two weeks had been located by author ities in the hills near Mitchell, S D. The house is in an eXxtremely isolated section many miles froml the main highway, Cark said, | about 15 or 18 hours drive by au tomobile from Denver. The identity of the two men held is being closely guarded. One of them has been in jail in Denver since Saturday night. The gther was arrested when officers swoop ed down on the hidefut in South Dakota Monday. Friends Arrested Three women and a man said to be friends of the alleged Kkidnap ers are also \in the Denver jail for investigation in connection with the abduction. The names were not made public. Their connection with the case was not explained. Police espressed the belief that the man arrested here wrote all the notes sent to the Boettcher family during the negotiations for the broker's release. ~ As the kidnapers brought the broker back to Denver to release him last Waednesday, he managed to slip the blindfold from his eyes two or three times, long enough to see buildings and other land marks along the way. While going through or near Torrington, Wyo.,, he saw the name of the town on the side of a building. This one bit of infor mation went a long way in help ing police. More Rested Than In Weeks, Hoover Says After Stroll NEW YOREK.—(AP)—Dpclaring himself more rested than for weeks past, Herbert Hoover Tues day returned to something like his old routine—a busy round cf conferences prefaced by an houar of brisk exercise early Tuesday morning. Beginning his third days as a Jprivate citizen without particular portfolio, Mr. , Hoover arose shortly after daybreak and left his hotel apartment while much iof the city was still asleep. | For nearly an hour, he walked ibriskly on a self-conducted signt | seeing tour. He took a look from |a .distance at the new sßadio City { development. Along Fifth avenue he stopped frequently to “window !shop.“ Walking as far uptown us Central Park, he finally turned Jb:wk to his hotel at 8 a. m. | Comparatively. few people were lon the streets at.that hour. Some recognized him, however, and {there were nods and friendly calls of “Good morning, Mr. Hoo ver.” He nodded in return. Several peopl¢ on top of the early morning buses also recog nized the former President and A. B. C. Paper—Single Copies, 2c—s¢ Sunday. Clearing House association to issue scrip which is now being printed. If properly authorized this serip will be issued against deposits on Land before the bank holiday) be gan. Basis of withdrawa]l has not heen worked out. it was stated. Safety deposit boxes are now ac ccesible during customary banking hours. State Banking department offi cials said they bhad no informa tion at the present as to plans of Fanks in other sections of the state, MANY RE-OPENING (By the Associated Press.) State after state announced the reopening of banks Tuesday in line with a ruling by Secretary Woodin of the Tresaury permit ting the transaction of f‘ssentinli business, ‘ Deposits may be made, currency may be changed, but no gold or (Contlnued on Page ™wo) GREAT AUTHORITY 15 GIVEN LEHMAN New York Governor Giv en Wide Power by Leg islature to Act in Crisis. NEW YO?K.—(AP)—Governor Herbert H. Lehman, clothed with unprecedented dictatorial power over the gigantic banking system of New York state, moved swiftly Tuezdany to provide the people ;rwnh serip. y - No sooner had the legislature at Albany handed him Czarjstic sway over banks and insurance companies in a dramatic session after midnight than he let it be known he had a plan for a tem porary medium of exchange. The plan, to be submitted quickly to the legislature, calls for a new corporation for the is suance of certificate currency against the assets of sound banks. It has been 'approved by the Treasury department at Wash ington but would not be pressed if a national scrip is issued before Wednesday . \ The governor, from his home here, sent a message to the legis lature, saying Clearing House cer ‘tificates were not sufficlent to ‘meet the crisis. | Pass Three Bills The three bills passed at Albany early Tuesday, in a rush of bi partisan cooperation, give the gov ernor supreme power to supersede all present banking laws govern ing banking or insurance and new power to the Banking Superinten dent, Joseph A. Broderick, and the Insurance Superintendent, George S. Van Schaick. The bills, being brought from Albany Tuesday for the governor's signature, give Broderick, with approval of twoathirds of the Banking board, power to revoke, revise or suspend any banking regulaiton, or order any method of banking control. Any bank officer can be suspended. The * Insurance Superintendent gets similar power over insurance regulations, including power to revoke or revise premuims, bene fits, dividends and lending pow ers. Their acts are subject to veto by Lehman, who can act independ ently in regard to either insurance or banking. The governor, close friend of President Roosevelt, had asked for the authority. PEERLESS KNITTING MILLS TO RE-OPEN ROSSVILLE, Ga.~— (AP) —The Peerless Knitting Mills have re sumed operation here on a limited scale after remaining closed sev eral weeks because of labor trov bles. An agreement between employ ers and employes led to the re opening Monday and about GSOO workers went back to their posts. Others, it was announced, will be added as conditions permit. MID-WEEK VALUES AN AID TO YOU - - - Athens merchants, with the merchandise you need and must have, are offering special val ues to the buying public. With the mid-week grocery prices attracting the attention of housewives in Athens and this section, the mid-week values in other merchandise are proving popular with the buying pub lic. A “look in” on the spe cial values offered in today’s Banner-Herald, will prove pro fitable to you. Lo ; aINICT REGULATIONS 10 BE RELAXED T 0 GRANT WITHDRAWA] High Government Offi cial Indicates Withdraw als of One-Third of De posits May Be Allowed TAKE PRECAUTIONS TO HALT HOARDING Rainey Predicts ‘‘Some Form’ of Guarantee Bank Deposit Bill WASHINGTON. — (AP) — A-~ guarded reopening of the nation’s banks to permit. essential activities was afowed Tuesday by Secre= tary Woodin. : 55 In orders prescribing to what extent banking activities may be carried on, the Secretary of the Treasury outlined functions they might perform, such as meeting | Community needs for food and other necessities, payrolls and maintaining employment. | The regulations specitied, how= ever, that every precaution should be taken to prevent hoarding er unnecessary withdrawals and that lno gold or gold certificates should be paid out. ¥ ‘ , The regulations’ are effective immediately. . Other phases of the regulations would permit the delivery of doc | umeénts and = securities to _'thmr | owners, completion of the settle- Iment .of checks drawn before ‘Marckl 4 and prescribe the manner . in which banks might do business . {with their branches. Hold Conferences g I Woodin = engaged in a round of i conferences with XEugene Meyer, ' governor of the Federal Reserve lboard; former Secretary Mills, ‘George L. Harrison, = governor of the New York Federal Reserve ’bank, and a group of private bapkn ers. 3 From other quarters there came indications. that regulations would ‘be issued approving local clearing house association plans in differ ent sections for the issuance of scrip or eclearing house ceruga cates. : 4 Another - high + government offi cial said he understood the Treas ury was preparing to authorize bank depositors to withdraw one third of their motey. s Postoffices are going to acecept checks in payment for stamps and mail matter as soon as the Treas ury department issued an expect ed regulation permitting deposi tors to withdraw one-third of their deposits from liquid banks. ~ An order aiready has gone out ‘from James A, Farley, Postmas ter-General, to that effect. L 4 It said checks could not be aegs= cepted in payment for such items as yet, but that postmasters may accept checks “to an amount with in the limitations that may be fixe ed by the Becretary of the Treas ury from time to time goveml withdrawal of deposits.” i Meanwhile, postmasters were in formed by Postoffice department that the embargo on gold applies to postal money orders sent from the United States. i Domestic money orders may . continue to be issued without res strictions for payment in the United States. . Guarantee Deposits 2y At the Capitol, Speaker-nominee Rainey and Chairman Steagall of the house banking committee pres. dicted “some form” of guarantee bank deposit bill would be enacts ed, & Rainey said the house would put through in shert time the adm}&- istration’s recommendations. = “Mr. Roosevelt is working the problem out alright,” Rainey said, “but I don't know what the solu tion is going to be.” = e Steagall, author of a guarantee bank deposit bill passed by tha house but blocked in the senate, sugzested a $1,000,000,000 govern ment corporation to back deposits and surervise the banks. S READJUSTMENT HARD NEW YORK.—(AP)—Concertad efforts to transfuse enough life in ko the nation's’ money arteries to ¥inance ordinary bread-and-butter Pusiness were hastened in the second day of America's momen= sous bankirg holiday Tuesday. And a nation which had devel~ oped a highly organized and effii cient system of settling 90 percent of its business with bank checks, ¥ound that once disrupted, the Jhighly complex procedure wa&m% ‘easily restored. G l True, bankers pointed out scbip or clearing house certificates have been used in this country before. In the pre-war ecrises, banking groups in various cities duickly organized and issued the supple o AURUETR OGN e T
