Decatur Daily Democrat, Volume 31, Number 58, Decatur, Adams County, 9 March 1933 — Page 1

S wfATi'r'H. . ■ „ jnd Hriuy: ■L,

SPECIAL SESSION CONVENES

fontroHed Currency Inflation To Help Banks Os Nation

Iree billion f DOLLARS TO J BE ISSUED itS i ; f(i e r a 1 Rcscrve ■tesWill Make It Poss■cfor Banks to Open ) isiDENT TO ■ PROPOSE PLAN Maivli '•> ' nl II" 1 " ..iis <lras_■cnHTueiicv liankini! lull, passed tndtiv liv a house . with war time speed. ineaslin providing hoiking powers liresidelit anil allow-! controlled ( \irni<ion of rurrcmv v. as hurried Kjl, ill" house with cheers aft. r reading Mr a^Kt >-... . -holt ii liiltiii" on -.he national finam-i >1 r Sp..r, Tln-io was no rec<i -I ■Kr>.i 011-iili l ill 1 ' 'll bill in < oniniiitce. L.adei' set king to for. • passage aitii'iirniiii-nt today. Wi'lt ,<nui action completed coi'lil be rnslieil to ’ho -Unj-iir. would clothe hi i tin J" lie de' 1 I' ‘nkine cri bill w-s r-wr ed o tin- * " otr.endn'e' lie .-.nd • iirren- ■' X.,1- (JR 1 Reof banks llirniflieon:;■ ille i . inflatin’' w m in prospect j program prese-ted by Rooseteit ,n extrawiwld tin iw a' toys! $3.0(10 (Bl if row federal reserve into I m ,I'a 101 l if needed ■ore could added by which .no expected made in existing laws. Some could I used -s the basis »•> -rcnry issues i; losevelt tinnoitneed ■rtly after m'dniglit that lie had ■•“"“c plods, fi ,n> conercssion to i i| H h ups program ■>w. Leaders predicted its hpforp midnight tonight ■lr.Ronsev. , |1( , emergency ’ win immediately relieve ■ situation and at once start ■••“ S Ofieiaiion- throughout the country ’ He will administ- ■« under Vital powers of a die mid ernbnr-o stays on and aMcrai r.-erve board is redonbl■“’’Ktsn mt pagf’two" Ills signed I BY GOVERNOR Km And 63 | K 'lls Signed By Mc- ■ Nutt Wednesday ■tanapolis. Mar. 9. (U.R) Three "muons and S 3 hills were signy _. McNutt yesterday. •> bids still on his desk are ’7d to receive executive ac- " “y tonight. * ny important administration Was were among those sign''“'’lading the utilities bill, the I wnent registration of voters ’M the hill postponing munici /Actions until 1934. f ‘ u,t al »o attached his signathe bill setting up machin- °| a state convention to act on . 'J° n r, ‘P pa i. The convention held within four months and consist of 414 delegates. k eca ° n farmers in case of ’trikes or other such disturb Ich th* 8 contft * ne, t tn another bill the governor approved. The h th 8 *’ U f p ' nn y ,0 interfere al n» trans ’ w ‘ ra ti'”l of aglicnl,u? rc ' ucp t° market by threat ’iolence. ’“/‘ minute admlnlstra’ion hill. l,' bccatme of the national holiday also was signed. ON

DECATUR DAriY DEMOCRAT

Vol, XXXI. No. 58.

Speaks Here Tuesday - — — iZZI—: w. u nimiKh Hrc.fessor at Wittimberg College who will speak on "Higher Education" at the Decatur high school Tuesday. March 14. at 8:15 p. m. Wiltenberr is one of the oldest colleges in the middle west, having been founded in 1845. MAKE PLANS FOR ACREAGE DRIVE Sugar Company Officials Meet With Farmers At Monroe Wednesday .1. Ward fafland and T E. Sryder of the Central Sugar eompu iy I met with a group of farmers and i trustees of Adams county at Mon- ' roe last nigh and plans were made for the drive on sugar tieei acreage in Adams county. Mr. Callaml stated that uu'iues ionahly the acreage could be secured without this drive being made, but the sugar company is anxious o extend the privilege of -irowin beets to the farm is of tlii . vicinity, rather than ■<<. this business go outside of the ii ir.edint - terri ory. The following men have sign!-, fied their intentions of taking par in the drive: Union township, Arthur Bleek.-. trustee; Henry Dehner and August Walters, driver. Root township. Phil Schieferrftein. trustee; El 1., Harlacher. fieldman, Theo dore Hobrock, and Fred Heuer, driver. Preble township, Ernest Worthinan, trustee; Theo. Ewell. Amos Stoneburncr, fieldman, Henry Schulte, driver. Blue Creek. David D. Habegger. trustee: L. A. Ripley, Mr. Acker, fieldman. and O. L. Vance, driver. St. Marys township. Orlen Fortney, trustee; Charles Schenck, Harry Daniels, tieldman. Wilson Lee. driver. Monroe township. Noah Rich, trustee, David J. M.izelin. Harry Essex, fieldman. and Roy Price, driver. Washington township. T. It. Noli. trustee. John E. Heinuutn, Fred Isch. fieldmau. and Hugh Hell house, driver. Friday the following townships will lie visited: French township, Ed Beer, trustee; Dan Kuehr. Fred Isch. fieldman, and Jack Neering, driver. Kirkland town--1 ship. Dan S'herry, trustee; Otto D. Lleberich. Amos Stoneburner, , and J. E. Gatschall, driver; Wai hash township. Ed Stably, trustee; Erwin Sprunger, A C. Munro. Harry Essex, fieldmau. and . Cal Peterson, driver. Hartford township. A. F. Baker, trustee; Ralph S. Myers, Dan Studler. E. : L. Harlacher, fieldmau, and Hu her Schmitt, driver. Jefferson township. Chas. Abnet, trustee, Chas. Ray. Harry Daniels, fieldman. and Earl Colter, driver. Governor May Veto Chain Store Bill Indianapolis March 9 — (UP) — Gov. Paul V. McNutt may veto the new chain store t ix bill which increases the rate of chains hiving more than 20 stores from $25 to $l5O each It was learned todav. McNutt told representative Fred R Galloway. 0.. of Indianapolis, coouthor of the bill that if the house hid left the top rate at $75 as a 1 senate amendment provided he would have signed the measure.

National Aag lalrruatlonal Newa

DECATUR BANK f WILL RE-OPEN FOR BUSINESS First State Bank Will Resume Operation Here Friday Morning RESUME REGULAR BUSINESS SOON The First State Bank of this city will open Friday u tier the regulations imposed by the 11. S. Treasury. With all other banks of t.’.e nation. the local bank has been closed by executive order since last Monday. A four day bulking holiday was de lared by President Roosevelt last Sir day. C. A. Dugan, president, innounced today that every effort would be mule to resume regular banking business as soon as possible. Nntil the flow of new currency begins from Chicago and other large - banking eenters, checking accounts i will not be released. Mr. Dug in stalled. The customary restrictions on i certificates of deposit and savings [accounts will be observed. The restrictic s on checking 1 i . (counts may be released by Monday, Mr. Dugan stated. T :e Federal , i government is issuing from two to three billion dollars of new cur- ' liency and this will he distributed i through federal reserve banks with-' |in the ext few days. I'ntil the “key banks ’ in ... . large. I cities receive this currency and are able to release their correspond ' ents’ accounts, normal banking bnsi- ' : e»s cannot be resumed The cur-. 11 rem y is being issued aetording to isite banking practices and in pro-[ portion to .America’s gold .-. n. .I - | aid. safeguarding tae value of Hie ■ dollar as much as possible. Yesteiday Sec rota: y of the Trea 1 rnvTTN't'Rn nx page six Special Judge Gives Judgment Os .SSOO > J Fred Frnchte. special judge, to- I day awarded judgment of sst»o to | 1 . ' the plaint iff in the c se of the State | , ex rel Nettie Smith vs. Floyd Kel(lei. for bastardy. A verdict for the I 1 pliintiff was returned by a jury in] .■the Adam'S circuit court March 3.! .■Costs in the case also are assessed ! against the defendant. MANY INDIANA I BANKS TO OPEN Expect Most of Bunks In State Will Reopen Tomorrow I IndianaiMilis, March 9 'U.R) — ! Most of the banks in Indiana are . expected to reopen tomorrow un’ess the four-day national lankim holiday is extended. ■Several bunks outside Indianatiolis have been operating since Tuesday, a' hough withdrawals ’ have been limited. Indianapolis bankers have stead- ‘ fly refused to reopen until th" federal reserve bank at Chicago ’ resumes business. And it was ’ considered unlikely that scrip would be issued under supervision of the Indianapolis clearing ] house association. Many other cities are ready to go on a scrip basis if it Is found impossible to reopen the banks ' wi bin the next two days. Gov. Paul V. McNutt was In1 formed yesterday that parts of ' the new Indiana bank code are being studied by those preparing federal banking legislation to be introduced in the special session . pf congress. I The hank code was drawn by the study commission for Indiana ■ financial institutions. The com1 mission, headed by Myron H. Gray. Muncie, was appointed hy ; »he 1931 legislature. ' Gray is serving as special counsel for the controller of the currency in Washington. Sen. Frederick Van Nnys wns ‘ said to have telephoned Governor i McNuti yesterday for additional i information about the bank code bill.

ONLY DAILY NEWSPAPER IN ADAMS COUNTY

Decatur, Indiana, Thursday, March 9, 1933.

The President's Message

Washington, March 9— (U.R) — The text of President Roosevelt’s message to the special session of congress follows: To the senate and house of representatives: On March 3. banking operations in the United States ceased. To review al, this time the causes of this failure of our banking system is unnecessary. Suffice it to say I hat the government had been compelled to step in for the pro tection of depositors and the business of the nation. Our first task is to reopen ill sound banks. This is an essential preliminary ’to subse<iuent legisl’tion directed against speculation with the funds of depositors and other violations of positions of trust. In order that the first objective- lhe opening of banks for the resnnip ion of business may he accomplished. 1 ask of the congress the immediate enactment of legislation giving to the executive bra.icb of the government control over banks for the protection of deposi ors; authority forthwith to open such banks as have already been ascertained to he in sound condition and other such banks as rapidly as possible; and authority to reorganize ami reopen such ■ banks as may be found to require ! reorganization to put them on a i sound basis. I ask amendments to the feder- [ al reserve an to provide for such . additional currency, adequately j secured, as it may become necesi sary to issue to meet all demands

FRIENDS HONOR ' CONGRESSMAN Body of Will R. Wood Arrives In Lafayette At Noon Today . Lifayette. Ind.. March 9 (UP)— The body of W ill It. W’oisl. 72. Re- | publican congressman from Indiana I for IS years, arrived from Washington at noon today. It was removed to the Rogers and Smith funeral home w ere friends Ipaid their respects Later lhe body i will lie in stite at the home of a i sister in Oxford. Wood’s birthplace. Funeral services will he conductled at 10 A. M. Saturday from lhe ' Methodist Episcopal church here, I the Rev. T. F. Willi mis of trinity I church officiating. He will be assist|ed by Lie Rev. C. (’. Harold. Oxford and the Rev. Charles Dhe, Fowler. Burial will be in Springvale cemetery beside the body of Mrs Wood, who died in 1924. Wood died in New York Tuesd iy. |lle represented the old 10th district and had served in the house continuously since 1914. Pallbearers will be Judge Fred N. Prach, Fra k Kimmell, Robert Alexmder, Everett B. Vawter. Dr. John S. Shafer, Lynn W. Parkinson, COMTlNtrHtn ON OX.-tP rw.. GROUPS FIGHT OVER CONTROL Rockefeller And Morgan Interests Clash Over Bank Crisis New York. March 9—(U.R)—The Rockefeller interests were lined up against the Morgans and other powerful financial groups todav in seeking away out of the bank crisis. Winthrop W. Aldrich, chairman of the Chase Nal ional bank, largest lit the world, proposed last night a drastic bank reform program which in effect would break the power of the overlords of finance. Aldrich, brother in-luw of John D. Rockefeller. Jr., and former attorney for major Rockefeller Interests, is regarded as a spokesman for the oil family. Aldrich's program would dißrniv the board of directors nf almost every major hank in New York, including his own. and would force absolute separation of commercial lanldng and Investment banking. ’(contTnue® on ’ page ’ six/

-I for currency and at the same, time : 1 to achieve this end without in- ’ I creasing the unsecured indebted- | ness of the government of the 'j United States. I k cannot too strongly urge upon I the c ongress the clear necessity ’' for immediate action. A continu- ' i ation of the stranguialtion of banking facilities is unthinkable. The ! passage of the proposed legislaI tion will end this condition amd I ' trust within a short space of time ■ . will result in a restimpi ion of business activities. ■ In addition, it is my belief that this legislation will not only lit: immediately all unwarranted doubts and suspicions in regards to banks which are one hundred ' per ceni sound but will also mark 'he beginning of a new relationship between the banks and the 1 people of this country. ■i The members rs the nev. con- , gross will realize. I am confident, [the grave responsibility which lies ■ ' upon me and upon them. I | In the short space of five days flit is impossible for ns io formu- > i late completed measutes to pr«- ’ [ vent the recurrence of the evils I of the past. This does not and : should not. however, justify any ■ delay in accomplishing this first i step. ’. .'■ an early moment I shall roi ■ miest of .he congress two other I measures which I regard as of - immediate urgency. With action l!taken thereon we can proceed to 'l the consideration of a rounded - progrint of national restoration. <| (Signed) Franklin D. Roosevek.

Lagrange Banker On Trial Friday I Lagrange, Ind.. March 9 (UP) — R dlo N. Walter, former slate senator at:.d officer in the defunct Lagrange County Trits ('omixiny. J will go on trial here tomorrow on i a charge of embezzlement. The indictment (barging Walter | misappropriated $llOO from the inI beritaiic' ' Wendell Kline, fi r I whom t.c had bee’: appointed ■ guardian, was c-m ■ five return--1 ed against the former banker v the coitl.y grand jury Feb. 25. Walter has an appeal pending i before the sta.c supreme court ’ from his conviction of banker’s ‘ embezzlcme. t in connection with I closing of the Lagrange bank. GLEE CLUB TO GIVE PROGRAM Fort Wayne Men’s Glee Chib At Evangelical Church Sunday The Fort Wayne Men's Glee Club will present a musical progr tn it , the First Evungelica! Church on i Winchester street. Stindav nig.it, I March 12 at 7 o’clock, to which the ’public is cordially invited. The program is being sponsored ,bv thcEvangelical Brotherhood ot this city. No admission will he charged but i a free will offering will he taken. The Glee Club is directed by Dan Davies with Luella Coudret accom- [ panist. Howard Walker and Harold Manor will assist. The program for the evening will he as follows: Scripture Lesson, Psalm 150— Martin Zimmerman [Prayer Earl Fuhrman. “I Will Live for Christ," Fillmore — Chorus /“Martyrs of the Arena", Deßille— I Chorus [Solo, Selected Dan Davies I "Builders” by Cadman Chorus Violin selection Harold Manor “Sea Hath its Pearls," Pinsute — I Chorus ] Solo, selected Howard Walker “Speed Away" Woodbury Chorus 'l“It Is IvOve", Fillmore Chorus '[Offering. 1 Solo, selected Howard Walker "Crusaders", Protheroe Chorus Violin Selection Harold Manor ’ "Comrades in lAiuis", Adams—- ■| ■■■• Chorus "Jesus Saves," Kirkpatrick I ■ Chorus ■ Benediction— Rev. M. W. Sundermann

Foruiflbed By (Jailed Brew*

PLEADS GUILTY TO SLAYING OF CHICAGO MAYOR i Giuseppi Zangara Is Arraigned In Miami, Florida, Court FACES DEATH IN ELECTRIC CHAIR .Miami. F a., March 9 (U.R) ■ — [Giuseppi Zangara, diminutive briek- : I layer, pleaded guilty today to a [first degree murder charge on the [fatal wounding of Mayor Anton J. Cermak of Chicago, whom he shot ■ in an attempt to assassinate FrankIlin D. Roosevelt, then presidentelect, and was immediately placed , on trial in Dade county circuit court. Tile first witness called was Tom Armour. Miami, who held Zangara i until police took him in charge after lie fired al an automobile bear- ■ ing Un- presldeul-elcct here Fell. I 15. I Zangara already is under sen- ’ tenee of 8(1 years in prison on four counts of attempt to assassinate in connection with the bungled at- ■ tempt to kill Mr. Roosevelt. The assassin's plea, specifically, was that he intended to shoot Mr. i | Roosevelt, and that in :he attempt >| he did shoot and kill Cermak He II denied intent to kill the Chicago | mayor, but under Florida ’.aw hip ■ | plea constitutes a piea of guilty to CONTINUED ON PAGE TWO CERMAK’SBODY LIES IN STATE I Thousands Pay Respect To Martyred Chicago Mavor Today i * Chicago. Mar. !).- (U.R) Chicago • bids farewell to An’ion Joseph Cermak today. , Within the next 24 hours, some 500,000 mein, women and children, ■a seven h of the population of this 1 second city in the land, will file i past, the catafalque in the ci'.y and county building for a last view of lhe features of lhe martyred mayor. I Tomorrow the way leads in solI emn procession to the Chkago [ Stadium for funeral rites and I thence to Bohemian National cemeterj’ where the second of Chicago’s mayors to be assassinated will be buried among countrymen of his native Bohemia.. I In death, the spirit of "Tony" Cermak pervaded the city hull. Despite the somber fittings of the vast municipal edifice, the purple and black drapes, the black velvet ■ canopy of the catafalque resting : on four silver posts, one office CONTfNITED ON TWO CHINESE PLAN I COUNTER FIGHT Counter Offensive Against Japanese Armies Is Announced Peiping, Mur. 9 —(U.R) —A Chini ese counter-offensive against the . Japanese armies massed along the great wall in Jehol, threatening i North China, was officially an- - nounced today. i The announcement said 66,000 i troops would be thrown into aci tion, of which Gen. Wang I-Chieh • commands two brigades ai Kupuikou Pass and Gen. Soong Chehi Yuan 20,(HK) at Hsinfengkou pass. - 100 miles to the east. i With Japanese fighting planes i harrying the routed and Hoeing Chinese army south of the great ■ wall. Hie foreign colonies of t Pi iping and Tientsin watched - wit h increasing anxiety for indications of n Japanese invasion of , I these Important Chinese cities. Evacuation of Americans and , [ other foreigners from both cities | is being contemplated. 1 CONTJNUBD ON PAGkTsIX

Price Two Cents

f Jailed in Kidnaping —L_. agMBIU ■ - 1 »<■ i I w df-r 1 J Carl W. Pierce (alias Pearce), jailed in the sensational $60.00H ransom kidnaping of Charles P»oettcher of Denver, Col. Pierce is alleged to be the man who typed numerous Idlers to Boettcher’s millionaire father. COMPILE LIST ” OF HOARDERS I Federal Reserve Board Orders Hoarding List Compiled Washington, March 8 —(UP) —■ The Federal Reserve board today expanded its orders to federal reserve hanks in compiling lists of ! [gold hoarders so that the lists might, include withdrawals m ide during [the ]>:’.st two years. Late yesterday the board instruct- , ed reserve banks.which presumably ’■ relayed the orders to member banks lof t ie reserve system, to complete [lists of large ir.dividual withdrawals [of gold since last February 1. > | Tlie orders issued by the reserve II board were expected to bring about return of considerable amounts of ,: hoarded gold. Reserve officials estimated that .[about $750,(H)().0ii() of gold is now in , | priv. te hoardi'ig. Considerable ■ | amounts of gold iilso are held in the ■ [vaults of financial Institutions. I [ Lists of hoarders, recorded by I banks at the time ow withdrawal, j will supply the reserve board and /government with information on I the exact amount of hoading and by w om the gold has been withdrawn. Request List Here The First State Bank of this i city received the following tcquest from the Federal Reserve ■ Bank of Chicago, to furnish a list of "gold hoarders” (if any) , in this community. The message , reads: “You are requested to compile • as complete a list as can be made , from the information you are able to obtain ot the names and addresses of all persons who have withdrawn gold or gold certificates from your bank and who have not redeposited them in a bunk. 1 “Two lists should be furnished, one showing the withdrawals ot’ gold or gold certificates before I February first and tlie other since that date. These lists are to lie ‘ | sent to the Federal Reserve Bunk jof Chicago as soon as possible after March 1."..” o Program Scheduled For Tonight Is Postponed , Tlie program which was to have ■ been sponsored by the local Methodist Episcopal Sunday School toi night in the Decatur high school ■ auditorium has been postponed in- : definitely, it was announced today. Julius Caesar Nayphe, an Assyrian, was to have spoken here and , to have given his interpretation ot the Twenty-third Psalm. I ——oRegular Conference At Union Chapel ' The Union Ch pel quarterly con- ' ference will he held at the church tonight Rev A F Knepp the conference superintendent will pre- ' side at lhe meeting Tim pastor. 1 Rev. R. L. Engle, expects every report to be given tonight and desires a good attendance at the meeting.

YOUR HOME PAPERLIKE ONE OF THE FAMILY

HEAR MESSAGE AS DELIVERED BY ROOSEVELT President Asks Legislation Giving Him Blanket Power CONGRESS STARTS TO WORK RAPIDLY Washington, March 9 <U.R> Legislation giving him [ blanket power over banks ! for tlie protection of deposi- | tors and amending the federI al reserve act to provide additional currency was asked by President Roosevelt in his emergency message to lhe special session of congress which convened at noon lodav. The add!'ional currency, ho said, should bo adequately secured and as plentiful as necessary to meet all demands. Put. he insisted, it should not add Io the unsecured indebteness of the government. The first objective set by Presi- | dent Roosevelt was reopening ot sound banks. This emergency program was urged ahead nf everything else in I:'he brief 500 word message, ono [of the shortest ever sent c.i a 11 major matter. Start Work Washington. March 9 ■ (U.R) — ■ I Congress me: ■ oday in exiraordin- ': ary session and quicklv started toward enactment of tlie Room • veil bill for currency expansion to permit banks to begin reopening tomorrow. , The senate acted first. The emergency bill was introduced by P Chairman Fbicher of the sona'o banking rind currency commie, o , pnd inimedialely the eomniin >o was summoned to meet to consider the legislation. Th» senate ('<■-. t.-.-ed pending a i repor: from the commit: ee expect- . ed at 4:3(> p. m. : No Partisanship Speaker of the house Henry T. ■ Rainey of Illinois today formally assumed his high office with a. ’ call to the entire membership to disregard political tie- and ui , ..s to speed through needed reli T i legislation. ■ Rainey warned that tlie nation: ■ faces eniergenejea "more serious” ’"(CONTINUED ON PAGE SIX) o Entire Cast Will Rehearse Friday Rehearsal for the entire east of the Elks Minstrel will be held Friday night promptly at 8:30 o’clock at the Catholic high school auditorium. All the members of the cast for the first, second and third parts are requested to be present. , The minstrel will be presented Stind 'y night in the Catholic school auditorium for the benefit of the unemployed of the city. The public , is urged to buy tickets for the minstrel. HIGHWAY HEAD REFUSES BIDS New Highway Commission Refuses 18 Bids As Alt Alike Indianapolis March 9 — (UP) — . Bids on 1.400,000 liarrels of cement 1 received by the old state highway commission December 22 were rejected by the new commission today ' “because 18 companies all had bids ’ alike.” 1 Announcement of the rejection ’ was made by James Adams of Col- ■ umbia City, chairman of the McNutt ■ appointed commission. I ! He said that new blds will he reI celled March 23, the advertisements requiring that a bond be posted gin ranteeing that the price is non-eolhtslve.” | This is the firm step in the history of the state highway depart- . Blent to break what appears to he i[a price agreement among cement > companififi ■ [ Despite the depression and de- . i creased demand for cement these -[ companies Increased the price to II the state over that of 1932, Adams , said.