Evening Star Newspaper, March 4, 1933, Page 1

WEATHER. (U. 8. Weather Bureau Forecast.) Fair tonight and tomorrow, lttle change in temperature; lowest tonight about 34 degrees; gentle to moderate northwest winds. Temperatures—High- est, 46, at 3:15 p.m. yesterday; lowest, 37, 15 a.1n. today. Full report on page 12. New York Markets Closed Today. Entered as second class matter post office, Washington, D. C. 32,449, PRESIDENT ROOSEVELT § he WASHINGTON, D. C, ew Chief Ex WILL CALL CONGRESS IN SPECIAL SESSION FOR PROMPT ACTION ‘Unscrupulous Money Changers’ Denounced in Brief Inaugural Speech. SOUND MONEY AND ECONOMY PLEDGED IN CAPITOL ADDRESS Strict Supervision of All Banking, Credits and Investments Promised in Early Program. BY G. GOULD LINCOLN. President Franklin Delano Roosevelt today dedicated himself and the Nation to a war on the economic depression which has this country and the world in its grip. In frank and clear words, he told the people he would ask if necessary for war powers, only given the President of the United States when threatened by a foreign foe, to meet the emergency. More particularly did the President range himself on the side of sound money, sound Government finance and economy. He de- manded a strict supervision of all banking and credits and invest- ments. He declared there must be an end to speculation with other people’s money. Will Act at Once. He gave assurance that he would act quickly and that he would presently urge upon a new Congress in special session detailed meas- ures to carry out this program, and he added that he would seek the i i e States. ‘mmfidfitlcofie‘itfigasgfl orta:!l:‘ethe ;’ersesldent said, “I shall ask the Congress for the one remaining instrument to meet the crisis—broad executive power to wage a war against the emergency, as great as the power that would be given to me if we were in fact invaded by a foreign foe.” Degunciation of the financial leaders in this country for the present condition which exists with the banks of the great ma- jority of the States closed was voiced by the new Presldex}‘c. He did not mince words when he spoke of the unscrupulous “money changers.” “Plenty is at our doorstep,” said President Roosevelt. “But a generous use of it languishes in the very sight of the supply. Money Changers Have Failed. «primarily this is because the rulers of the exchange of man- kind’s good }yave failed through their own stubbornness and their own incompetence, have admitted their failure and abdicated. Prac- tices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men. “True, they have tried, but their efforts have been cast in the attern of an outworn tradition. Faced by failure of credit, they Eave proposed only the lending of more money. Stripped of the Jure of profit by which to induce our people to follow their false jeadership, they have resorted to exortation, pleading tearfully for estored confidence. ; r “They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision, the people perish. “The money changers have fled from their high seats in the [ — LR Two photographs taken at the White House as President Hoover and President- WITH SUNDAY MORNING. EDITION pening - Star. SATURDAY, MARCH 4, 1933—TWENTY-EIGHT PAGES. ®*#*% VORN IN W ecutive May Demand War Time Power elect Roosevelt prepared to leave for the —Washington Star Photos. The only evening paper in Washington with the Associated Press news service. Yesterday’s Circulation, 148,355 TWO CENTS. () Means Associated Press, INDUCTED INTO OFFICE WHILE 100,000 WATCH COLORFUL CEREMONY Vast Concourse of Witnesses at Capitol Hails Apostle of “The New Deal.” ADMINISTRATIONS IN &)NFERENCE ON BANKS TILL ELEVENTH HOUR New Chief Executive Attends Prayer Service at St. John’s Just Before Ceremony. Franklin Delano Roosevelt of New York today became the thirty- second President of the United States. President Roosevelt took the oath of office on the steps of the Capitol before a vast concourse of the people under smiling skies. Hailed as the apostle of the “new deal,” the new President took over the reins of government at one of the most critical points in the history of the Nation. It was estimated that over 100,000 per- sons saw the ceremonies. Immediately after he had been sworn in by Chief Justice Hughes of the Supreme Court, President Roosevelt delivered his inaugural address. In it he outlined briefly the policies of the new administra- tion and indicated the steps that he will propose to relieve conditis Never probably in the history of the country, except in lgxult has a Chief Executive taken command of the Government under conditions more adverse to the American people. Nevertheless, the whole country turned today to President Roosevelt with hope in its heart, looking to him as to a Moses to lead the people to better timés. o Speech Is Broadcast to Nation. The President, always a gallant figure, ke in ringing acce: which were carried clearly to the huge throsgg in the Cgsplgtol 1:: :!y mel:’; olA:lmgl.lflers land over the air to millions upon millions listening ericans, from coast to coast and from th bord:x;n to th';‘ Gggtol Mexico. e ong the to_congratulate the new Chief Executive w: the retiring President, Herbert Clark Hoover. Mr. Hoover, acccuxI:f ganied by Mrs. Hoover, left the Capitol to go direct to the Union tation to board a train for New York, where he plans to remain a u:‘l"h daly;seggorg go;nghw h:f home igdcalitomja. e President an e retiring President, together with the dig- nitaries of the Government of the United States and with the repre- sentatives of the nations of the world, occupied seats on a specially constructed platform, extending out over the steps leading up to the main east entrance of the Cagiwl. At the foot of this platform were arranged the seats for the specially invited guests, many of 'whom had come from great distances to be present at the inaugu- ration of the first Democratic President since the late Woodrow Wilson went out of office in 1921, just 12 years ago today. Beyond the stands which had been erected for the guests were gathered thousands of men, women and children, covering the great plaza of the Capitol and pouring over into the Capitol Park. The Nation’s Capital threw off its forebodings today and gave over vg tul}xe czlebratitég of ttkllletm%on:_‘ing of a new admims{ntlon. No more brilliant scene than that which took place on Capitol Hill toda; has been staged in that historic setting. L PiioLEIE Sodky ° Garner Is Sworn In. Prior to the inaugural ceremonies Inaugural Parade temple of our civilization. ~We may now restore that temple to inaugural ceremony at the Capitol. for the President, John Nance Garner the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere mone- tary profits.” President Roosevelt’s inaugural address was the briefest and regarded as the most momentous since the second inaugural address of Abraham Lincoln in 1865. Warns Against Fear. The President called for the utmost| candor and with the greatest courage in dealing with the problems which confront the American people. He de- clared his firm belief “that the only thing we have to fear is fear itself— nameless, unreasoning, unjustified ter- zor, which paralyzes needed effort to| convert retreat into advance.” “In every dark era of our national fife,” said the President, “a leadership of frankness and vigor has met with that understanding and support of the people themselves, which is essential T am convinced that you will again give that su to leader- ship in these critical da: President Roosevelt declared that while values have shrunken to fantastic Jevel and taxes have risen; while ability to pay has fallen and the means of exchange are frozen in the currents of trade; while the farmers find no mar- Xets for their produce and the savings of many years are gone, that more im- portant, “a host of unemployed citizens face the grim problem of existence and an equally great number quarrel with little return, ¢ “Only a foolish optimist,” said the President, “can deny the dark realities of the moment.” Nation Asks Action. The President declared that restora- tion of prosperous conditions in this country calls not only for “changes in ethies.” “This Nation,” he said, emphatically, #asks for action, and action” now.” The greatest primary task, the Presi- dent added, is to put people to work, declaring that this problem can be solved if it is faced wisely and ‘gourageously. i “It can be accomplished in part,” he continued, “by direct recruiting by the Government itself, treating the task as we would treat the emergency of a war, but at the same time through this employment scccmp_li!shiuxmig!gn;tly ~(Continued on Page 3, Column 1) RICH WIDOW SUED FOR $100,000 BALM By the Associated Press. LOS ANGELES, March 4.—Love let- ters were exhibited yesterday in the trial of & suit in which George Kristich, dancing instructor, asked damages of $100,000 from Mrs. Christie Rose Wil- liams, wealthy widow, for alleged breach ©f promise. The young plaintiff, who was an in- structor at 10 cenis a dance in a public hall, testified Mrs. Williams, mother of own _children, “asked me to_ marry er.” promising him a home in Beverly | South Hills, 3 motor car and a trip around the world. - - Early Action by U. S. Planned as Banking Halts in 43 States | By the Associated Press. With bank holidays spreading to- day to all but five States, Senator Rob- inson of Arkansas, the Democratic leader, said this morning that a bank- ing relief program was being prepared to meet the financial emergency snd would be hastened for action at an early meeting of the new Congress. New York end Illinois declared two and three day holidays, respectively, early today. Declarations of similar holidays in many other States followed at once, and expressions from Demo- cratic leaders on Capitol Hill of cer- tainty that the new Congress would be called into almost immediate ses- sion were made. Stock Exchange Closed. Governors of the New York Stock Ex- change voted this morning to close the Exchange today and Monday, because of the holiday. The Chicago Board of Trade and Stock Exchange also closed. Other exchanges throughout the coun- try followed suit. The Western Union Telegraph Co. announced from New York that “due to the emergency, it is limiting all tele- graph money orders in the United States to $100.” +As discussions of the situation were renewed, with officials calling on Presi- dent Hoover and President-elect Roose- velt, doubt was e: that any emergency legislation could be framed within the few hours re- progra on would be expedited as much as pos- sible. He added that the details would not be discussed at this time, but that . be no delay in pressing New York, banking heart of the country, went into a two-day holiday by proclamation of Gov. Lehman. Al- most simultaneously, the three-day holiday was proclaimed in Illinois. Four States Without Helidays. Rhode Island, Massa- Florida, HOUSE LISTLESSLY ADJOURNS, PAYING SPEAKER A TRIBUTE Democratic Membership Pre- sents Gold Watch to Speaker. In listless fashion the House ended the seventy-second session of Congress “sine die” at 11:20 o'clock today, after meeting for little more than an hour. From 10 o'clock, when the House opened with scant membership an the floor and few of those who had received gallery cards in their seats, no impor- tant business of legislation was trans- acted, the members merely killing time until the closing hour. ‘The effort of Chairman Cannon of the subcommittee in charge of the Dis- trict appropriation bill to send that measure back to conference under unanimous consent, which was objected to by Representative Blanton, Democrat, of Texas, was the only legisiative fea- ture. In the closing hour, Representative Bulwinkle, Democrat.of North Carolina, on behalf of the Democratic member- ship, grmted a gold watch to Speaker Hawley Takes Chalir. The Speaker left the chair and ylelded the presiding office to the vet- eran Republican n':;hmber who is leav- appreciation of the manner (Continued on Page 2, Column 8.) ¢ TIDAL WAVE IS FEARED; Authorities Ban All Trafic in Chilean Port. UIQUE, Chile, March 4 (P)— AuiBoritis i -every dark hour of our national life Text of Inaugural Speech New President Says Country’s Chief Problem Is to Banish Fear From Our " National Life. augural address follows in full: I am certain that my fel- low Americans expect that on my induction into the presidency I will address them with a candor and a decision which the present situa- tion of our Nation impels. This is pre-eminently the time to speak the truth, the whole trtth, frankly and boldly. Nor need we shirk from honestly facing conditions in our country today. This great Nation will endure as it has endured, will revive and will’ prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself, name- less, -unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In PR!‘SIDZNT ROOSEVELT'S in- the leadership of frankness and vigor has met with that understand- ing and support of the people them- selves which is essential to victory. I am convinced that you will again , . Rodio Roograins. on Page B-12 | 1oy, tvo weks * of the supply. Primarily, this is be- GARNER BECOMES VICE PRESIDENT AT IMPRESSIVE RITES Retiring Speaker Presides Over Both Wings of Con- gress Within Hour. Yet our distress comes from no failure of substance. We are stricken by no plague of locusts. Compared with the perils which our fore- fathers conquered because they be- leved and were not afraid, we have still much to be thankful for.. Nature still' offers her bounty and human efféits have multiplied it. Plenty is at our doorstep, but a generous use of it languishes in the very sight John N. Garner of Texas became Vice President of the United States shortly befcre noon today in the pres- ence of the highest officials of this Government and diplomats- from the nations of the world, assembled in the Senate. ‘Within the span of one hour he had the distinction of presiding over both branches of Congress. This morning he held the gavel of Spesker of the House, in which he had been a vet- eran of 30 years of legislative battling. This afternoon, a few minutes after the Seventy-second cong'e:: had ex- pired and passed into history, he was convening the Senate in a brief spe- cial session which may act at once on other nominations of cause the rulers of the exchange of | mankind’s goods have failed through their own stubbornness and their own " incompetence, have admitted their failure and abdicated. Prac- tices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the - hearts and minds of men. True, they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending “of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership they have re- sorted to exhortations, pleading tear- fully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the peo- ple 3 Oath Taking Impressive. Mr. Garner took ‘the oath of office Vice President at the traditionally but ive ceremony which she cBareher proceding ‘the matgure: mflmo(t':le'hddmtonmmw:l Long before the time set for the pro- ceedings in the chamber to_begin the (Continued on Page 6, Column 2.) Former News Writer Dies. SACRAMENTO, Calif, March 4 (). —W. H. James, 61, business director of the McClatchy newspapers until his retirement l‘u ago and business adviser since tIlit time, died here yes- after he. suffered & ofbmdun Of 18,000 Moves On Court of Honor The glittering spectacle of the in- augural, the gay parade, started moving across the east front of the Capitol and into Constitution avenue at 1:50 o'clock this afternoon. ‘The great colw. .n of 18,000 represent- ing a cross-section of America, started unwinding its coils from the vast forma- tion area south and east of the Capitol, and was moving briskly up Constitution | avenue to turn into Pennsylvania avenue, and thence make its way to the Court of Honor, opposite the White House, to pay its respects to the new President. At its head was the usual escort of motor cycle mounted police, and im- mediately following this escort came the grand marshal, Gen. Douglas Mac- Arthur, chief of staff of the Army, and the staff which represents all the armed forces of the Nation, regular and reserve, Stepping out behind the grand marshal’s staff came the Army Band, bravely playing the patriotic airs of the country on the long march from the Capitol to the White House. Undaunted by cloudy skies that sought to defy the cautious predictions of the weather man, huge crowds flag-bedecked and grandstand- ed Pennsylvania avenue during the morning and began to assemble on the laza of the Capitol hours before the tg'ne of the actual induction ceremany. .| These and thousands of other citizens then were to pack themselves into tem- porary stands, window seats of curb- stone vantage p;mm for the resplendent pageant. ‘The National Capital was ed and with visitors brought into the city by hundreds of busses, air- lines, and thousands of private nug of Texas had been sworn in as Vice President of the United States in the Senate chamber. Vice President Gar- ner, who a few short moments before had been Speaker of the House, hur- ried from the House chamber after he had delivered his farewell address to that body to the Senate. There in the presence of the President, the President-elect, the members of the cabinet, the House of Representatives, the Supreme Court of the United States, the members of the diplomatic corps, the general of the armies, the chief of staff of the Army, the chief of naval operaticns and the com- mandant of the Marine Corps, Vice :nnde::t Garner took the oath of of- ce, which was a . Cur en - ing address and .d;i:‘ifie:dedmlzh sx;t.h;e sine die, putting a formal end to the SeYice Pressdent. Gagmer tool mediately " the gavel andobened. the (Continued on Page 3, Column 4.) TICKETS FOR BALL GONE None Available at Auditorium To- night, Chairman Warns. Mrs. John Allen Dougherty, chairman of the Inaugural Ball Committee, an- nounced this morning that no tickets are left for the big affair. Mrs. Dougherty also warned the pub- lic against trying to purchase tickets to the ball at the Washington Auditorfum tonight. There will be no ticket office at the Auditorjum, and only holders of tickets will be allowed to enter the hall. HOOVER REJECTS BILL Refuses to Sign Independent Of- fices Supply Measure. President Hoover today refused to sign the independent office supply bill, rooms | asserting that Congress had increased appropriations by $161,000,000 above his recommendations for the supply bills that have been passed. e ey TROOPS CLOSE BANK Oklahoma Institution Had Defled Gov. Murray.