Evening Star Newspaper, March 7, 1933, Page 2

" A2 #% : WOODIN T0 ALLOW BANKS T0 REOPEN Sorip Issues Also Authorized by Secretary to Begin on Friday. (Continued From First Page.) March 4, 1933, is incomplete, settle- ment may be completed where such settlement does mot involve the pay- ment of money or currency.” The fourth regulation said: “Under the authority conferred upon the Secretary of the Treasury by the President’s proclamation of March 6, 1933, declaring & bank holiday, the Secretary of the Treas announces that any bank having a ch in a foreign country may deposit collateral in the United States to secure advances to such branch in a foreign country, pro- vided such transaction does not involve eny transfer of credit from the United States to a forelign country and any bank having & branch in an insular possession of the United States may deposit United States Government se- curities or other collateral for a similar purpose when under the President’s proclamation advances of local cur- Tency in the insular possession may Jawfully be made.” The four regulations issued this morning, making a total of 11 so far, are effective immediately. Continues Conferences. Secretary Woodin continued con- ferences with Eugene Meyer, governor of the Federal Reserve Board: former Secretary Mills, Qeorge L. Harrison, governor of the New York Federal Reserve Bank, and a host of private bankers now in the Capital to assist the straightening out of the situation and to act as banking advisers to ‘Treasury officials. While these were proceeding a high Government official said the Treasury was expected to issue another regula- tion authorizing bank depositors to withdraw one-third of their money. From other sources, it became known that this assurance had been given the Post Office Deartment in connection with an order it issued yesterda V- erning the acceptance of che for stamps and mail matter. The department directed postmasters 1o accept checks “to an amount within the limitations ‘th.:hm.y be flxn?n:: he Secretary of the Treasury :lmn to time governing withdrawal of deposits.” Until a Treasury order comes au- thorizing release of some of the de- posits, it was explained, checks may not be accepted by postmasters. From the g‘renury. word came that regulations probably would be issued soon approving clearing house 2ss0- clation plans for the local issuance of clearing house certificates or scrip. Cabinet Meeting Delayed. This regulation, however, was ex- pected to reserve the right to revoke the privilege in any case where it was found that the action was incon- sistent with the policies of the Treas- ury and Government during the present | banking emergency. Presl%ent }goouvelt today glanced hurriedly through an accumulation of | mail and telegrams before again devot- ing his attention to the banking crisis. The Chief Executive remained at the ‘White House most of the morning and it the cabinet meeting was postponed until afternoon. Stephen Early, one of Mr. Roosevelt’s secretaries, said this was done “to suit the President's conven- nce.” u'l‘hrouah Early, the Chief Executive expressed his “gratification” at the issu- ance by former President Hoover in New York of a statement urging co-operation and support for Mr. Roosevelt’s policy in the banking emergency. Mr. Roosevelt planned during the day to begin drafting his message to the 1 session of Congress, which meets y after tomorrow. ~Although he has already formulated the outlines of the proposals he will make, it was said at the White House that he had not yet had time to begin work on the message itself and intended to devote a consider- able portion of the day to it. Woodin Sees President. Mr. Roosevelt made his schedule 80 a5 to be able to see congressional and finanéial leaders in connection with the emergency. Secretary Woodin called at the White House shortly after 10 o'clock and later went to the executive offices for a brief talk with Louis Howe, one of the Presi- dent's secretaries. Woodin said on leaving there was *nothing new.” A little later, the Treasury issued the scrip regulation. It provided for the issue or other mediums of exchange by clearing house associations beginning Friday. The issue would be permitted against sound assets of clearing house associa~ tions or similar organizations and would be prorated among their creditors or ‘depositors. e condition attached to the au- thority was that it could be revoked in the event it was found inconsistent with s broader plan now being considered, but the detalls of which were not dis- closed. . ‘The certificates, scrip or other me diums of exchange provided in the reg lation would not be issuable by clearing house associations until Priday, or after the expiration of the President’s proc- lamation closing banks. Scrip Regulation. ‘The regulation, the twelfth issued by the Secretary so far, read: “Clearing ~ house associations and other associations o:s-nued to provide an adequately secured medium of tem- porary exchange, are hereby permitted to issue certificates against sound assets of banking institutions, such certificates to be deliverable each institution to its creditors and depositors on & pro- rate basis, provided, however, that no such certificates shall be issued before Friday, March 10, 1933, without the consent of the Secretary of the Treas- ury addressed to the clearing house or other association proposing to issue such certificates, and further provided that this permisiion may be revoked in the even? that e nnunm’l‘ plan to mg«t ::e existing emergency proposed by the Secretary. of the Treasury if in his opinion ‘the success of such a plan would be inconsistent with the opera- tion of the certifirate plan.” Another regulation—the thirteenth— provided authority for banks to continue acting as trustees and administrators and to register stocks and bonds, but not to pay out cash in such transac- tions. Secretary Woodin said that the cour- age of the American people in meeting this situation was “no su to me.” “No other country would have taken the situation so calmly,” he said. “The manner of our people has been won- derful and a great incentive to the ple working out the situation. It m been & stimulant to all of us.” At the Capitol, Eugene Meyer and Floyd Harrison, his assistant, conferred with Senator Glass, Democrat, of Vir- ginia, over the banking situation, but declined to say what they had ssed cussed. Meyer ‘and Harrison spent nearly an hour with the Senator. ‘The thirteenth regulation issued by Becret Woodin was: “Any ing institution lawfully en- gaged in business of acting as trustee, executor, administrator, registrar of stocks or bonds, transfer agent, dian of estates, assignee, receiver, committee of estates of lunatics, or in any other fiduciary capacity may con- tinue to transact such business in the normal and ususl manner; mflefl that in the conduct of said eas, except a8 may be permitted by other Tegulations of the Secretary, such institution shall not pay out or ithdrawal of Jency nor Dies Suddenly WILL R. WOOD. Of Indiana, member of the House for 18 years, who died suddenly in New York City this morning. cisry funds on deposit with any other department of the bank.” In response to numerous inquiries it was said at n&m ‘Treasury v.;m:'.c ‘The regula issued by retary Woodin are being communicated through the Federal Reserve banks in each district. The regulations issued would take care of the situation in Minnesota, where a plan has been worked out for reopening. ‘The order permitting the use of cash to cover movement of food was being interpreted by bankers in the West as permitting them to furnkh funds for movement of cattle to the market which are to be used for food. How a bank closed by both State and Federal proclamation’ would go about easing the situation under the new Treasury regulations would depend upon their State regulations. Money Orders Restricted. Meanwhile, postmasters were informed by the Post Office Department that the embargo on gold applies to postal money orders sent from the United States. At the same time they were told that if they needed funds for domestic money orders, postal savings certificates or other postal expenditures the money would be available at Federal Reserve centers. During the continuance of the bank- ing holiday the postmasters were di- rected not to issue money orders cn either the domestic or international forms for g:ymem in any foreign coun- try, including Canada, Cuba, the Philip- pines, the Panama Canal and the West Indies. Domestic money orders may continue to be issued withcut restrictions for pay- ment in the United States, Alaska, Hawail, Puerto Rico, Virgin Islands of the United States, Guam and Pago Pago. Treasury Regulations. Seven regulations issued by Secretary Woodin last night follow: “All banking institutions may con- tinue, in accordance with usual prac- tice, to cash checks drawn on the Treas- urer of the United States, provided that no gold or gold certificates shall be paid “Any banking institution may handle and collect drafts or other documents in connection with the shipment, trans- portation or delivery of food or feed products, and may perform such other withdrawal of such amounts of cur- rency as shall be necessary, in the judg- ment of such banking institution in connection with such shipment, trans- portation or delivery of food or food products, and ma yperform such other banking functions as may be essential to the shipment, transportation or de- livery of food or feed products, pi vided, however, that no banking instit: tion shall pay out or permit the with- drawal of any gold or gold certificates.” Gold Withdrawal Barred. “Under the authority conferred upon him by the President’s proclamation of March 6, 1933, declaring a bank holi- day, the Secretary of the Treuurg has authorized all Federal Reserve banks and all other banking institutions to | make change by the exchange of cur- rency and coin of various denomi- nations for an exactly equal amount of currency or coin of other denomi- nations, but no gold or [gld certificates shall be paid out in making change.” “All panking institutions may, upon request, return intact and without re- striction all cash, checks and other items delivered for deposits or collec- tion which were received after the last closing of business hours, and have not been entered on the books of such banking institution.” “Any bankmng institution may accept . payments in cash or any other form ac- ceptable to it on account or in settle- ment of obligations payable at or to such institution.” ' “All banking institutions may allow their customers free access to the safety deposit boxes and safes rented to such customers.” . Payable Deposits. “Deposits heretofore received by any banking institution pursuant to agree- ment or legislative authority providing for segregation and for repayment with- out restriction may be paid on demand. Any banking institution which was law- fully engaged in the business of receiv- ing ceposits prior to March 6, 1933, may create special trust accounts for the receipt of new deposits which shall be subject to withdrawal on demand without any restriction or limitation and shall be kept separately in cash or on deposit in Federal Reserve banks or invested in obligations of the United States. Federal Reserve banks may open special accounts on their books for their member banks and tem- porarily for non-member banks, and may recelve in such special accounts the proceeds of new“deponu received | by such banking institutions. In mak- ing deposits with the Federal Reserve bank pursuant to this regulation the depositing bank shall in the case of each deposit indicate to the Federal Reserve bank by symbol or otherwise that-the funds so deposited represent new ts made under this - tion. on receipt of such deposits such lera] Reserve bank shall credit the same in the 1al account of the deposmnr bank herein provided for, and shall hold the same solely for re- payment to such bank. Federal Re- serve banks shall permit the with- drawal of any part or all of such new deposits by the depcsiting bank without restriction, provided that the depositing bank shall in such order or request for withdrawal indicate to the Fedel Reserve bank by symbol or otherwise that such withdrawal is to be made from such special account; provided, however, that no banking institution shall pay out or permit the withdrawal of any gold or gold certificates.” MAKES OWN COINS WELLINGTON, New Zealand, March .—The New Zealand government decided to establish its own silver coinl as & means of checking prof« iteering resulti from the premium on the export of existing coinage. As the sliver coinage of the dominion is at present identical with that of Great Britain, it has been infpossible to stop extensive exportation. Saint to Be Canonized. VATICAN CITY, March 7 (®).—A new saint will be added to the calendar he blessed Andre 9 THE EVENING STAR, WASHINGTON, D. C, URGES BUILDING U T0 TREATY LIMITS Secretary Swanson Favors Increasing Size of the Navy. The American Navy should be built up to the limits of the London naval treaty as soon as the condition of the country permits, Secretary of the Navy Claude A. Swanson told newspaper men todsy at his first press conference. The new Secretary sald he would make every effort to do so. The United States, he said, should enjoy the proper ratio fixed under that fact and “whether we get the ratlo by increase or decrease is £ question for the State Department to answer.” Delegate to Geneva. Mr. Swanson, who was a delegate to the disarmament conference at Geneva last Summer, pointed out that there was & proposal to have the other major nations halt warship construction until the United States could catch up, but that this fell through. “We want to construct up to the limits of the London treaty, as fast as the condition of the country will per- mit,” asserted the new Navy Secretary. “The fleet should be built up as rapidly as possible to the ratios prescribed in the London treaty.” Secretary Swanson, asked about keep- ing the scouting force on the Pacific Coast, said conditions might change and these would determine the future activities of the fleet. He sald function of the fleet is to uphold the rights and commerce of the United States and to go wherever it is needed. ‘The cabinet officer said no decision has been reached concerning the future status of Admiral Wiliam V. Pratt, chief of naval operations, slated to re- tire March 1, upon reaching the age limit of 64 years, but held over pend- the change of administration. Ad- ral Pratt will stay on indefiniately until his successor 1s appointed, jwanson said. s Appointment Delayed. The new Assistant Secretary of the | Navy probably will not be named be- | fore” next week, Mr. Swanson said, as President Roosevelt has more pressing problems at hand. Queried #bout his standpoint on naval | aviation, Secretary Swanson said he has always been a good friend of aero- nautics. He recalled that as chairman | of the Senate Naval Committee, he was most sympathetic with this branch of | the service. He has been favorable, he said, to both heavier-than-air and | lighter-than-air craft, at reasonable ex- pense. ZANGARA WILL FACE COURT ON MURDER CHARGES THURSDAY | (Continued From First Page.) he and his associates had had no time | to consider the case because they were | not appointed until this morning. Hawthorne supplied them with copies of the indictment, which carries | two murder counts. One count charges Zangara with the murder of Cermak when he tried to as- sassinate the President. The second charges murder of Cer- | mak when he attempted to kil the Chicago mayor. Should Zangara’s attorneys enter a plea of gullty for their client he would, under Florida law, have to have a hear ing before Judge Thompson. After the hearing Zangara would be | | sentenced automatically to death in the State's electric chair or to life im- | prisonment. | Under Florida law a judge or a jury | hearing evidence in a first degree mur- | der case may at their discretion provide for death or life imprisonment. FUNERAL TRAIN IN GEORGIA. | | Floral Tribute to Mayor Cermak Is| | Presented at Albany. | ABOARD = CERMAK FUNERAL TRAIN, EN ROUTE TO CHICAGO. | March 7 (#).—Passing Columbus on the Georgia border, the special train bear- ing the body of Mayor Anton J. Cer- | mack back to Chicago moved into Ala- | bama_today. A heavy rain fell during the early | morning hours while the train sped through Southwest Georgia, but at sun- rise the skies were cleared by brilliant | sunshine. | The mayor's family, occupying & car at the end of the train, was late in | rising although they retired early last night after leaving Miami, Fla., where | the mayor died yesterday from the ef- fects of a bullet wound inflicted by Giuseppe Zangara in his attempt on the life of President Roosevelt. | The members of the fafbily were | weary from 19 days of watching at his bedsice in the Miami Hospital. At Albany Miami policemen on guard at the casket of the mayor, received a floral tribute from a committee of local citizens, the first since the train left Miami. There were only & few rsons at the Americus station while farm residents stood in their dooryards to watch the train pass. Mr. and Mra. Joe Cermak, the may- or's brother and his wife, and Mrs. Emma Kallal, his sister, were the first | of the relatives to breakfast in the dining car. Most of the others had their morning meal served in their car. Telegrams of sympathy continued to pour in to the family. ~ CHICAGO IS IN MOURNING. Mayor Cermak Will Return to Final Homecoming Tomorrow. CHICAGO, March 7 (#).—A metrop- olis in mourning today prepared to pay homage at the bier of its thirty-sixth mayor. , Anton J. Cermak, second executive to office and second world fair to be assassinated, th-giving sojourn to the land where he was born. Members of his official family, close political associates and civic leaders ‘went about the task of completing fu- neral preparations with heavy hearts, ‘Thousands are expected to watch re- moval of the mayor's body from the lseclll car when it arrives from Flor- ida tomorrow morning. A motor cycle escort will lead the procession of mourn- ers to his home. ‘Then the citizenry will be given op- ity to pay respects. All day ursday and all that night the body lle in state on a dals draped in mourning in the City Hall. The coffin will rest under a canopy of black and purple velvet in the ground-floor lobby. — Friday three faiths will unite at the funeral in mammoth Chlndc: Stadium. Funeral orations will be delivered by Gov. Henry Horner, Rev. Dr. John ‘Thom, of the First Methodist B ot et B Wley, 3 de_Paul Oatholle Ohurch. From the stadium the cortege will go to Bohemian National Cemetery, where the casket, wrapped in Chicago's offi- | cial flag, will be placed in the family mausoleum beside that of Mayor Cer- mak’s wife, who died four years ago. Medicinal Rum Bill Fails. RALEIGH, N. C., March 7 (#)~—The e age Tt Kilied 8 Bl £ Jegaiise medic . “The vt wea 18 the | made by President Roosevelt to the | | | unemplcyment relief. I Wampum All Right VWith Town Clerk, He’s a Collector By the Associated Press. ‘WINDSOR, Conn., March 7.— ‘Wampum of Indian days is ac- ceptable to Town Clerk Leslie H. Hayes in it { deeds the gency. He is willing to_ take heads and Indian relics. He has a large collection. He can take vlmmn the fees for record- ing % 10 FACE TRIL N PARAE BATILE Commissioners Order Bride to Prosecute—Crosby De- fends Action. ‘Thirty-eight persons, arrested yester- | day for participating in a parade with- out & permit, were to go on trial before Judge Gus A. Schuldt in Police Court today. Specific orders to prosecute all the cases ‘were given this morning to Corporation Counsel W. W. Bride by the Commissioners and the cases were set for 1 pm. It had been thought the cases might | be dropped because of a statement | Commissioners yesterday. This was to the effect the Chief Exccutive saw no | Teason for refusing permits for parades 50 long as they would not cause undue interference to traffic. Dr. Luther H. Reichelderfer, chair- man of the Board of Commiss.oners, | said, however, that nothing the Presi- dent sald was in favor of allowing m& for which no permits had been Cites Abnormal Conditions. Gen. Herbert B. Crosby, police com- missioner, said even if the Commis- sioners had been acquainted with Presi- | dent Roosevelt's attitude earlier, a per- mit for a parade yesterday would still have been refused on account of the abnermal crewds in the city and ab- normal traffic conditions. He said that, although there might | have been only 200 persons in the pa- | rade. the obstruction to traffic is caused | by the congregation of crowds who | gather to watch the parade go by. | Meanwhile, Herbert Benjamin, hea of the Unemployed Councils of America, an avowed Communist organization with | the Democrats will be in control, Sena- INSURGENTPENALTY DROPPED BY REED McNary Is Named to Lead Senate Republicans at Party Caucus. Senator Charles L. McNary of Oregon was named leader of Senate Repub- licans at a party caucus today which went off amoothly when Senator Reed, Republican, of Pennsylvania, aban- doned his proposal to have disciplinary action taken against Progressive Repub- licans who supported Franklin D. Roose- velt, the Democratic candidate for President. There had been indications that an effort might be made to withhold com- mittee assignments from that group of Senators, consisting of Norris of Ne- braska, Johnson of California, La Fol- lette of Wisconsin and Cutting of New Mexico. Lonowl.n‘ the caucus, Senator Reed —% “It was evident from a discussion with other members of the conference that for a variety of reasons my mo- tion would not carry.” Senator Reed said the problem was a difficult one and that “that method of tackling it did not appeal to a suf- ficlent number to justify making the motion.” Senator McNary, who as assistant leader, has taken an active part in di- | recting the dally program of the Sen- ate during the past few years, succeeds former Senator Watson of Indiana as leader on the Republican side. Since tor McNary will become the minority leader. Senator Simeon D. Fess of Ohio was| elected assistant Republican leader. | Senator Frederick e of Maine was re-elected secretary of the Republican conference and Chairman McNary was authorized to appoint a whip to suc- ceed Senator Fess. Senator Arthur Vandenberg of Michi- gan was honored with his party’s nomi- nation to be President pro tem of the Senate, but with the Democrats in con- trol the Democratic nominee for this office, Senator Key Pittman of Nevada, will be elecied later in the week. Loeffler Retains Post. Carl A. Loeffler, who was secretary to the Republican membership on the floor, will continue in that office, except | that his title will be secretary to the | minority instead of to the majority. The ! name of the Republican Steering Com- | mittee was changed to Legislative Com- mittee, the seven members of which will be announced later. | The chairman was authorized to ap- point a Committee cn Committees and a Patronage Committee. The Commit- TUESDAY, MARCH 7, 1933. | Pre Governors Told Need Federal and State Governments in Meeting Problems of Hour. text of President Roosevelt’ address on the situa- tion delivered yesterdasy before erence of Governors the confe follows in full: “I have been so occupied since noon on Saturday that I have not had any chance to prepare any formal remarks. “I start off by saying to the Govern- ors and their representatives and as & Governor myself for the past four years, I am on somewhat intimate terms with the duties of Governors and also with the rights and duties of States. “The country needs co-operation be- tween the States and the Federal Gov- ernment. I think this has been well hdzmonnnud by events of the past 48 ours. “The States acted with remarkable promptitude in preventing a panic at & time when it might have developed. The situation, however, did get to the point yesterday, where some kind of uniform action seemed necessary, and as you know, resulted in two things— the calling of s special session of Con- gress for Thursday and secondly, & proclamation to take care of immediate emergency between now and Thursday. “In that proclamation there were four or five in objectives. The first one was to prevent the withdrawal of any further gold and currency. The old war statute of 1917 had not been re- pealed and we used it. It was an ex- ceedingly useful instrument. The sec- ond objective was to provide some form of circulating medium for the country in addition to the outstanding currency, because a large part had been put into hiding. I have confidence the public will accept that circulating medium. Need of Method. “We should provide some method by which banking can go on Wwith new cash coming in. It is proposed through the Treasury Department that every bank will be authorized to open new accounts, and the money so deposited in the new accounts can be with- drawn at any time. The only way in which that money can be kept ab- solutely safe beyond per adventure of doubt is by using methods to keep it | izing safe—first keeping the money in cash the way it is put in; secondly, deposit- ing it in the Federal Reserve bank, and third, purchasing Government bonds with it. “Recognized Government bonds are as safe as Government currency. They have the same credit back of them. And, therefore, if we can persuade peo- ple all through the country, when their salary checks come in, to deposit them in new accounts; which new accounts will be held in trust, and the money kept in one of the new forms I have mentioned, we will have made progress. sident’s Address of Co-operation Between “All I can say is T am ful for what the States have me% emergency, and we want, if possible, to have a general banking situation, that is to say covering national banks and State banks, as uniform as possible throughout the country, and at the same time we want to co-operate with all the States in bringing about that uniformity. I have no desire to have this matter centralized down here in Washington any more than we can help. I don’t belleve there is much more to say about Several Matiers Taken Up “The letter that I sent to you took up “several matters: Conflicting taxa- tion between Federal and State govern- ments. Every one of you have been seeking methods to find new sources of taxation. It has been natural and human to expect that the Federal Gov- ernment should try to find some method of raising revenue. “A second question relates to Fed- eral aid in unemployment relief. The Federal Government, of course, does have to prevent anybody from starving, but the leral Government should not be called upon to exercise that duty until other agencies fall. The primary duty is that of the locality, the city, county, town—if they fail and cannot raise enough to meet the needs, the next responsibility is on the States, and they have to do all they can and if it is proven that they cannot do any more and the funds are still insuffi- clent, it is the duty of the Federal Gov- ernment to step in. GOVERNORS BACK ROOSEVELT PLANS Brief Address at White House Conference Dbtai's Quick Response. President Roosevelt today is proceed- ing with his program for restoring banking and economic stability with the assurance the Nation is behind him, as reflected by a large group of State Governors who attended the conference yesterday held in the east room of the White House. by In a series of resolutions the Gov- ernors assured the President of their support and urged the Congress and the people to co-operate in hys efforts to overcome the crisis. This prompt and wholehearted sup- port of the Governors was the quick Tesponse to the brief but clear address made to the conference by the Presi- dent in which he outlined his plans and defined what he deemed necessary on the part of States and local communi- les in co-operating with the Federal overnment. Address Extemporaneous. In this address, which was extempor- aneous, he expressed confidence the people would accept scrip as a circulat- ing medium in addition to outstanding currency. He explained the main ob- Jjectives of his proclamation of the cay | before declaring a four-day bank holi- day and placing a modified embargo on goid, after which he outlined two other features of his emergency program. | The first provides creation of a cen- tral unemployment agency for relief to “We come to the question of co-| ordinating work. It is very difficult to know in the Federal Government what | States are doing well for unemployment | rellef and what States are not, and it | is my thought that I can create some | kind of central reliet agency which will | be a fact-finding body, which will co- | ordinate the work of States, and act as | a clearing house for the relief of the | Nation. hope to get that set up in the next two or three weeks. “The third proposition, the reorgan- and consolidation of local |ov¢rn~" ment to reduce the taxation cost. That | is your Pmblm and it has been my | problem for the past four years. “And there is the question of mort- gage foreclosures especially on farm land and also on small homes. There again we haven't a national policy. | Some of the States are doing it one | way and another State is doing it an- other way. -Some States and some localities are closing their eyes to exist- | ing laws and do not have any fore- closures. As yet we have no national | policy for it, but I believe we can have one.” headquarters here, has arranged a con- | tée on Committees was announced as| ference for this afternocn at the White | follows: Senator Reed, chairman, and | House with Col. Lagis Howe, confiden- | gml'-on Nye, c.%pfl;, Hastings, Couzens, | 'at! . tial cecretary to the President. Benja- min said he would present, with a com- | mittee of the councils, a plan for WIll Take Delegation. { He called at the White House this morning to arrange the audience and | said he would be accompanied by a delegation of 19 men and women. | Previously he had asked an audience | with President Roosevelt, but later said he was willing that Col. Howe take care | | of the matter. ‘The parade yesterday consisted of | persons who had attended a mass meet- | g at 1609 Eleventh street and had | heard speakers urge liberal payments | for the relief of the unemployed and | equality of treatment between white and calored persons. A committee of |10 had left the hail for the District | % | Building to make these demands known to the District Building, bearing pla- | about 200 persons who had attended the meeting started marching in twos cards emphasizing their demands. At Twelith and P streets a large de- tachment of policemen, commanded by Inspector Albert J. Headley, clubbed the foremost of the marchers and ar- | rested 38 of them. S8ix of them were | given hospital treatment for blows on the hesd. DEMOCRATS STUDYING HOARDING PENALTY| | ' | Final Decision Not Reached on Punishment in Drawing Emer- | gency Program. i { By the Associated Press. A heavy tax or severe penalties to | prevent hoarding are being considered | by Democratic leaders drawing up an | emergency banking program, but a final decision has not been reached. | While declining to be quoted, one member of Congress frequently con- cerned with banking legislation and a Democrat, said in response to inquiries this afternoon that whether the pro- posed penalties would apply to gold and gold certificates or to all forms of currency was among the points being discussed. It was expected that such penalties, it included in the program. would aimed primarily at those who ne large quantities of gold or money in safe deposit boxes or kept it at home, but would not apply to those who were keeping at home money for operating r‘imnm from salary checks and the e. Department of Justice officials, asked what they would do if Congress by law set up penalties for hoarding. said “we would prevent violations of the law after it as enacted.” They added that the district attor- neys and Federal agents in the various localities would have the primary responsibility of determining violators under such conditions as Congress might stipulate. BODENHAMER MAY HEAD VETERANS’ DEPARTMENT Former American Legion Com- mander Reported Roosevelt's Choice for Position. By the Associated Press. 0. L. Bodenhamer of El Dorado, Ark., former national commander of the | American Legion, was rumored about Capitol Hill today to be under consid- eration by President Roosevelt to suc- ceed Frank T. Hines as administrator of veterans' affairs. Senators discussing him said did not think a decision had been . Bodenhamer was defeated for the Demaocratic senatorial nomination in Arkansas last Summer by Senator Hat- tie W. Caraway. —_— LAUDS ITALIAN EXHIBITS Ty coni, l,e'cmmcll. yal W) he is the , demonstral Ttaly’s ca'zmbuuon to the 'nrld"lh‘-cunm e lauded the Research Council, "whuhsmthe(o rument the neces- sary ical co-operation to solve problems and jeficlent op- eration of state ind . | the committee slate. teiwer, Hebert, erson and Carey. ‘The Republicans did not make hon- orary nomination for secretary of the Senate or for sergeant at arms, to which the Democratic nominees, Col. Edwin A. Halsey and Chesley W. Jur- ney, are certain of election. The Committee on Committees will begin its work this afternoon, making out Republican committee assignments, and _the corresponding committee for the Democrats also is at work selecting committee chairmen and members of that party. Leaders Agree on Ratio. Leaders of the two major parties | T in conference yesterday on the ratio which is to prevail be-| tween Democrats and Republicans on | committees as s result of the increase Democratic membership in the te. Democrats will be chairmen of all committees and in making up the per- Republican to the Democratic side of ‘Yesterday's con- ference had to do only with the num- ber that should be on each committee. As to the individuals to be assigned to| committees, each party will make up its own slate of names within a few days. ‘Those participating in the discusson yesterday were Robinson of Arkansas, who was re-elected leader of his party; McNary and Reed. ‘The party line-ups in the major com- mittees will be: Agriculture, 11 Democrats, 8 Repub- licans; 1 Republican loss. Appropriations, 14 Democrats, 9 Re- publicans; 3 Republican loss. Banking and Currency, 12, 8 and 2. Commerce, 12, 8 and 3. Finance. 13, 7 and 4. Foreign Relations, 14, 9 and 2. Interstate Commerce, 12, 8 and 2. Judiciary, 11, 7 and 2. 10, 7 and 2. BOETTCHER KIDNAP SUSPECTS CAUGHT; RENDEZVOUS FOUND __(Continued From First Page) ghn{mm officer to join him in the unt. ‘While Sheriff Carroll and other offi- cers were searching for the kidnapers’ hide-out in Wyoming, Denver police arrested the three women and two men here. They were questioned for many hours and from them police finally learned the exact location of the rendezvous. Marooned in Snowstorm. Meantime, a group of Wyoming offi- cers were marooned by & snowstorm near Lusk. s ‘They were forced to abandon their automobile and rode a freight train to a point several miles from the house. ‘They found the place yesterday after- noon. Their original plan was to close in on the. place at dawn Tuesday. Fear- ing, however, that the kidnapers might have eived word of the arrests in Denver and might escape, they decided to conduct the raid last night. At the time of the raid Capt. Arm- strong and Denver ives Dave Chuven and M. D. Corney were within Armed with machine guns they had hurried to Mitchell by airplane and had planned to join Sheriff Carroll and the other officers in the rald. her was kidnaped from his the night of February 12. pers thrust a note demanding $60,000 ransom into the hands of Mrs. Anna Lou Boettcher, his wife. He was freed the night of March 1 after a package containing the ransom had been tossed from an sutomobile driven by & friend of the family. ASSEMBLY ADJOURNS Indiana Legislature Ends Session and Kills Three Tax Measures. 0 Mar- the National | three - KOUPEIKOW PASS {Peiping Reports Last Stand | Against Possible Invasion of China Proper. By the Associated Press TOKIO, March 7.—Although some l.uplnese newspapers reported the fall | of Koupeikow, Great Wall passage be- tween Jehol and Peiping, a Rengo | (Japanese) News Agency dispatch sald | sonnel of the committees there will be a battle for its possession had just | to the District Building, beating plac- | &, 0tal 8witch of 40 places from the begun early today. All other passes through the Great | Wall have been captured by the Japa- | nese, reports from the front said. | Gen. Tadashi Kawahara’s | Brigade attacked the town of San- chienfang, about 12 miles northeast of | Koupetkow. The Chinese were reported resisting stubbornly. A dispatch from | Jehol City said the Japanese occupled Sanchienfang this afternoon. The main body of Lieut. Gen. Yoshi- kazu Nishi's division, occupying, Jehol | City, and airplanes from the J. | military base at Chinchow, Manchuria, were sent to aid the Kawahara brigade, | a Chinchow dispatch said. Koupeikow, 65 miles northeast of Peiping and 50 miles southwest of Jehol City, is on the old imperial highway between those two paints. Jehol City was the Summer residence of the old Manchu emperors at Peiping. Turning from its conquest of Jehol, | the J-g“nnm troops are engaged in establishing the Great Wall of China as the new southern defense line for the | state of Manchukuo, of which Jehol is |to be a part. A Peiping dispatch said the Chinese were making & “last stand” against possible invasion of China proper in the Koupeikowiarea. Neutral observers regard a Japanese advance on Peiping as inevitable after the subjugation of Jehol. I THREE STATES’ STORMS ARE FATAL TO THREE Two County Poor House Inmates Die in Collapse of Brick Wall—Man Drowns. By the Associated Press. MEMPHIS, Tenn., March 7.—Wind- storms that whipped through parts of Tennessee, Mississipp! yesterday were responsible for the death of three persons. Two sleeping inmates of the Bhelby County Poor House here were killed yesterday morning when a brick wall collapsed. Six others were buried be- neath the debris, but escaped with minor injuries. The two dead were Zeb Vance Britton, 65, and Rubin-Gol- 5w | Absecon Dredging Co. of New York, was believed’to have drowned when & windstorm struck the Greenville, Miss., area early g:mrdny. causing & $75,000 dredge anc] eight miles below the town to sink. Last night the winds hit Birmingham, making it difficult for pedestrians to walk through the downtown district. At Akron, Ala., a Tailway station was unroofed. |SIR WILLIAM VENO DIES BY GUN ON HUNTING TRIP —_— By the Astociated Press. ALTRINCHAM, ~ Cheshire, England, March 7.—Sir William Veno, prominent in financial circles, who left his home to shoot rabbits, treasurer of the of rtunity, !:m.lm:?cgyo he settled States, where, it was stated, he devel- and fondness and Alabama | AMBULANCE CRASH HELD ACCIDENTAL ‘Verdict Is Returned in In- quest in Death of Boy, 3, on February 27. A verdict of accidental death was| returned by & ccroner’s jury today fol- | lowing an inquest into the Emergency | Hospital ambulance crash in which | 3-year-old Oren Lentz, jr.. was fatally | the night of February 27. ‘The jury, presided over by Acting Coroners A. Magruder MacDonald and Christopher J. Murphy, rendered the decision after only a few minutes’ de- iberation. The verdict freed the child's father, driver of the autcmobile in which he was riding. and Clarence | Montgomery, 28, colored, operator of | the_ambulance. | The smash-up occurred at Fourteenth and E streets while the ambulance was speeding to the 400 block of Pennsyl- vania avenue in response to a shooting eport. The ambulance crashed into an | automobule driven by the child’s father, nese | causing the Lentz machine to overturn | in | several times before coming to rest | against a curb. 5 injured were Lentz, his wife, Mrs. Leah Lentz; their year-old son, Jerrell; Miss Helen Lentz, 21, of 1467 ‘G‘l'lfd street; Thomas Edwards, 1443 | Girard street, and Montgomery. Dr. Darrell Crain, Emergency physician, ac- ‘compnnytn( the ambulance, escaped in- jury. | Mrs. Lentz, who lives at 9902 Frank- | lin avenue, Indian Spring Park, Md.. | and the infant still are confined to the | hospital, but her husband was expected | to_testify. | “The smash-up caused the District | Commissioners to adopt a new regu- | lation prohibiting emergency vehicles of | ail kirrds from traveling faster than 30 miles an hour through the city. 'LEAGUE IS INVOKED IN GRAN CHACO CRISIS Ireland, Spain and Guatemala Act Jointly to Obtain Geneva Intervention. By the Associated Press. GENEVA, March 7.£-The representa- tives of Ireland. Spain and Guatemala, exercising the friendly right conferred by the covenant of the League of Na- tions, today invoked League interven- tion in the dispute between Bolivia and Paraguay over the Gran Chaco terri- wrym ‘which lies betweensthe two coun- und:r article 11 of the League cove- nant. ‘The three representatives, who con- stitute the League Gran Chaco Com- mittee, requested Sir Eric Drummond, cial session of the Council at an early date to deal with the dispute. ‘The three representatives, Sean Lester of Ireland, Salvador de Mada- riaga of Spain and Jose Matos of Guatemala, announced that the move is a sequel to a proposal of February 27 that the Council study measures for applying an arms embargo against Bo- livia and Paraguay. ‘The committee has exchanged views with other members of the Counctl informally and will disclose before the Council its further proposals for putting the embargo into effect. BILL ASKS RECEIVER United Post Ofice Corporation Is Held Insolvent. WILMINGTON, Del, March 7 (. <~A bill asking appointment of receivers for flnlfl?‘. Pl:lh'-doflu COI'D%:I”&B k‘:‘ Indianapolis, Ind. on - solvency, was filed in éhr::nmy Court yesterday V} George M. Tietjen of Passaic, N. J. he was holder of ‘Tietien _claj t.hreel:’.zos per cent bonds of the bill stated the concern deals in Teal estate an leased injured and six other persons were hurt i ‘The League intervention was invoked | ' of the League, to call a spe- | act as a fact-finding body, co-ordinate the relief work of the States, and act as & clearing house for the Nation. This he hoped would be developed within a few weeks. The second proposes the establishment of a national policy con- cerning foreclosures on farm land and small homes. The President emphasized again the necessity for economy in government and the necessity for co-ordinating the tax programs of Federal Government and the several States to elimimate bur- densome overlapping and unfalr in- equalities. As for direct relief the Presi- dent reiterated his contention that the | Federal Government should not fur- nish funds to the States until it was shown that the latter were unable to provide relief. Resolution Adopted. The conference adopted a resolution submitted by the Non-Partisan Com- mittee, of which Rear Admiral Rich- ard E. Byrd is chairman, which urged that politics and sectional interests be cast aside in co-operation with the President and calling upon Governors of the States throughout the country to issue a proclamation tomorrow sup- ‘Wnlng the President and calling upon | the people of the country to have con- | fidence and faith and to act in unison. | This proposal contains the signatures |of Alfred E. Smith, Newton D. Baker, }Dr Nicholas Murray Butler of Colum- ‘bxa University, Daniel Willard, presi- dent of the Pennsylvania Railroad; Wil- liam Green, president of the American . Federation of Labor, and a number of | leaders of farm organizations and other national organizations. | Following the conference the Gov- ernors made it plain they are deter- !mined to do everything within their | power to bring about the necessary support for the President and to ore ganize their State agencies to meet the | present situation as outlined by Presi- dent Roosevelt. LEHMAN IS GIVEN CZARISTIC POWERS i IN BANKING CRISIS | __ (continued From Pirst Page.) | banking control. Apy bank officer can be suspended. The insurance superintendent gets similar power over insurance regula- tions, including power to revoke or re- | vise premius benefits, dividends and | lending pow | Their acts are subject to veto by Leh- | man, who can act independently in re- |gard to either insurance or 3 | The Governor, close friend of President Roosevelt, had asked for the authority. Leading banks here were operating restricted fashion today owing largely to the variety of interpretations | placed on the latest regulations drawn up by the Washington authorities. All Banks Open. ‘The confusion, it was said, was at- tached principally to the payment to | depositors of funds for the “trans- | portation or delivery of food cr feed | products.” Bankers were seeking s | ciarification of this portion of the | orders. At the same time all banks were open to make change and to receive new | deposits. In changing bills of all de- | nominations care was taken that no I‘goltd certificates or gold coin were given out. Any and all new deposits were cheer- fully received with the stipulation that these were to be held in a sort of “safe-keeping” account and would be returned to the depositors upon de- mand. There was no great number of new deposits received, however, in the early business houvs. CHICAGO SCRIP PRINTED. Smyll Denominations of Emergency Paper Already Prepared. CHICAGO, Merch 7 (#).—Chicago was ready to begin using scrip instead of money today, enough having been Tun off in cne and five dollar denomina- tions to accommodate normsl needs, on}ghm of the American Bank Note Co. raid. At tle same time citizens werg warned not to accept anything but legal paper money, as authorization of scrip had not | been recelved from Secretary of the Treasury Woodin. ‘The certificates were printed on pro- ted bank note paper of the same size as legal currency, and, if adopted, would be backed by the assets of the banks and would be interchangeable with regular money, except gold. However, it was pointed out that the security be- vhlllldd them would be notes backed by | gold. ‘The American Bank Note Co. said the local scrip would be identical with the proposed New York issue, as the P! used here had been sent to its ’New York plant. Later, it was said, larger denominations would be issued. se of the scrip would not be limited to the city of its issuance, bankers said in recalling that in 1907 when a simi- lar condition existed the certificates cir- culated throughout the country. Even- tuslly they drifted back “home” and ell were redeemed within six weeks after issuance, they said. —_— LEADER WANTS SCHOOLS KEPT OPEN DURING CRISIS By the Associated Press. WS of education today by Joseph Rosier, president of the National Education Association. He asked them their influence on State promising that teachers “will with the work with a minimum funds.” “A moratorium on education means a moratorium on civilization,” Rosier sald. He quoted a statement by J. W. cx:.l'::rs, secretary of the association, w)