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“A—4 #» TREASURY STUDIES 'BANKS' CONDITION Rigid Restrictions Remain in Force in Conformity With Proclamation. (Continued From First Page.) Becretary said sound banks would be opened “just as soon as possible.” He declined to be more specific. “The main thing s we have a way to open the banks.” said the Secretary as he entered a taxicab to return to the Treasury. Press Conference Delayed. After his return to the Treasury, Becretary Woodin became engaged in conferences incident to working out additional regulations and his press conference was delayed for more than an hour. Meanwhile, hundreds of inquiries streamed, into the Treasury, seeking in- formation as to the procedure by which banks should proceed to gain permis- sion to reopen and for interpretations | of various phases of the new banking | law. No immediate answer was forth- coming. A statement came from Woodin a little later announcing that an Executive order or a Treasury regulation would be issued shortly, prescribing a method for the guarded reopening of the banks. Under the plan, the Federal Reserve member banks would be permitted to open only under license from the Sec- retary of the Treasury. Each bank must file an application for siich a license in its own Federal Reserve district /The Secretary said the banks would be permitted to perform all normal banking functions except as otherwise prohibited. ‘Woodin also announced that the per State banking authority in each Faw would be permitted to authorize He reopening of State banks for their usual banking functions except as other- wise prohibited. Woodin Explains Situation. Early today, Secretary Woodin an- nounced that the emergency banking act, rushed through Congress yesterday and giving extraordinary powers to the President, “makes possible the openin of banks on & sound basis, backed by an adequate supply of currency.” He said the Treasury bill will not authorize any bank re-opening before tomorrow, but already “has taken steps to secure information through proper authorities as to the condition of the wvarious banks of the country.” Another purpose of the delay is to permit the issuance, of what Woodin called “an adequate supply of cur- rency.” to meet the demands. Still another, said Senator Glass of Virginia, | is to “give more State banks an op- ortunity to come to the shelter of the ;‘ederal Reserve system.” The statement of the Secretary issued early this morning said: The emergency bankind legislation passed by the Congress today (Thurs- day) 1s a most constructive step toward the solution of the financial and bank- ing difficulties which have confronted the country. The extraordinary rapidity with which this legislation was enacted by Congress heartens and encourages the country. “This legislation makes possible the opening of banks upon & sound basis backed by an adequate supply of cur- rency. Through this law the banks which will open will be placed in a position to meet all demands. This assurance should restore confidence and create the foundation for & forward movement in business activii “It will be the policy of the Treasury to permit as. rapidly as possible the opening of sound banks. There are, of course, many thousands of such banks which will promptly be restored to the performance of their normal functions. “The Treasury has already taken steps $0 secure information through proper authorities as to the condition of the various banks of the country and im- | mediately invites from the banks the applications for reopening. “While much information has already been assembled, the completion of the | information and of the arrangements of the banks, far resuming their func- tions takes some time. It has therefore been decided not to authorize any = ings before Saturday, March 11. “It is obvious that it will not be ssible to act upon all of the applica- ns even by Baturday. Regulations covering reopenings and also other sub- governed by the legislation will ediately be published.” Congress Expedites Bill. ‘The House at 2:55 p.m. yesterday began consideration of the bank bill. It passed it at 4:05 without a voice in dissent. The Senate took up the measure 25 minutes later and passed it, 73 to 7, at 7:23. It was signed by the Speaker and Vice President and on the way to the White House by 7:55 and at 8:36 “Franklin D. Roosevelt” was written on it, making law of “a bill to provide relief in the existing national emergency in banking, and for other purposes. Ninety-four minutes later President Roosevelt used the gowers this law granted and issued his proclamation extending the holiday. Even before that there were prepara- tlons to put into effect the provision of the new banking act for a currency expansion. Secretary Woodin started the work and then went into a confer- ence ‘with Treasury officials that lasted until 1 am. TobyfiCook Wants Georgia to Grant Pardon to Burns Inaugural Rider Said to| Be Anxious for Amity With Jersey. Beven-year-old Toby Cook who rode his pony in the inaugural perade last Saturday after riding all the way to the Capital from his home in Georgia, has been represented to Gov. Eugene Tal- madge of Georgia as hoping Gov. Tal- dge would pardon Robert Burns, the ous “chain gang fugitive” so that the friendship of Georgians and New Jerseyites might be cemented, ‘Toby's interest in the Burns case was outlined by S. W. Silverman, State an of the Roosevelt-for-President iation of New Jersey, Inc., in & ter to the Georgia Executive Wednes- g;y night. Mr. Silverman reviewed by’s ride to the Capital to ride in the inaugural parade and his subsequent disappointment in finding no place gvailable for him in. the line of march. Mr. Silvermen said his organization made room for the little Georgian in its own ranks. Later, he wrote, the New, Jersey Roosevelt-for-President Associa- $ion gave a dinner for Toby. “Little Toby informed us,” Mr. Silver- man wrote Gov. Talmadge, “that he was so surprised and pleased with the treatment accorded h! by the only residents of New Jersey he met while ttending the inaugural that he hoped it you, the Governor of his home ate of Georgia, would grant a pardon Robert Burns, the famous chain gang fugitive, in order to completely pestore the friendship of the people of WNew Jersey and his native State.” New interest is being added to the rme of .checkers in England by using with different numbered values, of the game being ‘decided value of the men remaining o0 the board. " MARYLAND PUSHES | banking bill War-Time Powers Over THE EVENING STAR The New Law in Brief ’ Transactions in Credit, Currency, Gold and Silver Are Given President Roosevebt. By the Associated Press. Here are the emergency banking bill's principal provisions: TITLE T. Approves and confirms all previous proclamations and orders of Piesi- dent Roosevelt and Secretary ‘Woodin. Invests in President Roosevelt and makes applicable to peacetime emer- gencles the tremendous World War powers of regulation over transac- tions in credit, currency, gold and silver, including foreign exchange. Maximum penalties for violators are $10,000 fine and 10 years' im- prisonment. Empowers the Secretary of the ‘Treasury to require delivery at the Treasury of all gold and gold cer- tificates held by anybody in the country. Authorizes President Roosevelt, without invoking the war powers, to fix restrictions on the banking busi- ness of Federal Reserve members. " TITLE II. Authorizes the controller of the currency to appoint a conservator for any national bank or District of Columbia bank whenever he con- siders it necessary to conserve the bank's assets. Enables the conservator to set aside for withdrawal by depositors on & ratable basis such amounts as the controller says may be used so safely. Permits the controller to allow banks under conservators to receive new deposits, which would be segre- gated and subject to withdrawal without restriction. Permits the reorganization of na- tional banks upon the approval of SERP ISUE PLAN Constitutionality of State’s Emergency Bank Law Attacked in Suit. By a Staff Correspondent of The Star. ANNAPOLIS, Md., March 10.—Mary- land will continue with its plans to et | up & corporation with power to issue | emergency scrip, the Legislature was informed today, as a group of State bankers meeting with Gov. Ritchie an- nounced in Baltimore that action would be sought to amend the national emer- gency banking law to aid State banking institutions. Meanwhile, the constitutionality of the State emergency banking law was attacked in a suit flled by two de- positors in Baltimore and the State banking holiday extended through to- day by Gov. Ritchie. Discrimination Charged. The bankers who met in Baltimore sald President Roosevelt's emergency unfairly discriminates against State banking institutions that are not members of the Federal Reserve | system. Senator Tydings was said by the bankers to be preparing the amendment | they seek. It would empower the Re- | construction Finance Ccrporation to invest in bonds or debentures i:sued by | State banks rather than in preferred | stock, as the present legislation specifies. [ ‘The Baltimore conferees also an- nounced that todsy or Monday & bill| exactly like that adopted in New York for the creation of a corporation with | authority to issue State-wide scrip | would be’ presented to the Legislature. ! Such scrip would consist of clearing house certificates secured by the assets of participating banks. Want Legisiative Autbority. ‘They said they wanted legislative| authority to proceed with the plan, even though they are counting on Senator | Tydings' amendment to make the sys- | tem unnecessary. The suit attacking the constitution- ality of the State's emergency law was filed by Attorneys Paul Higginbothom, | John Holt, L. W. Barrcll and E. H. | Young in behalf of G. F. Wennagel and ‘William Péarson. It asks the court to grant an injunc- tion against the Baltimore Trust Co. and State Bank Commissioner John J. Ghinger forbidding them to pay out| any money to preferred depositors under | the new State banking law, specifically | preventing the mayor and City Council | of Baltimore from withdrawing $2,000,- | 000 from the Baltimore Trust Co. and | forbidding any other banking institu- | tions having funds on deposit there from withdrawing those funds. Act Is Declared Void. In the petition the new banking act is said to be void under the Constitu- tion of the United States because it violates contracts and because it ccn- fiscates private property without due process of law. It is sald to be void under the Maryland constitution be- cause it increases the powers of a State officer under an emergency law and also because it confiscates private preperty without due process of law. t is understood that similar sults are being prepared against other banks of the city. Judge Eugene O'Dunne refused the request of the attorneys to sign an in- junction preventing the banks immedi- ately from paying out money under the new banking act. He signed instedd an order for the commissiner and the bank to show cause within three days why the injunction should not be granted. MRS. NORTON READY TO PRESS BEER BILL | Leader in House District Commit- tee Classes Capital Measure With Emergency Legislation. Representative Mary T. Norton of New Jersey, who expects to continue as chairman of the House District Com- mittee in the new Congress, announced today that the committee would con- sider only legislation of an emergency nature at the specia]l session. A bill to legalize the sale of beer probably will be one of the measures considered. Mrs. Norton indicated she considered beer legislation in the cate- gory of emergency legislation, because of the revenue it would raise. A Dbill to legalize the sale of 3.05 per cent beer in the District died in the last Congr beer me: introduced, ' week. | of at least one party for its dictatorial the controller, and, as the case may be, elther of depositors of 75 per cent of total deposits or holders of two- thirds of the outstanding capital stock, or both. N TITLE . Provides for the lssuance of pre- ferred stock by national banks and for the purchase of preferred stock of national banks and of State banks, and for Joans upon the security of such stock by the Reconstruction Finance Corporation, whenever the Secretary of the Treasury, with the approval of the President, considers 1t necessary to supply funds for the organization or reorganization of such banks. TITLE IV. Authorizes the issuance of Federal Reserve Bank notes “redeemable jn lawful money of the United States.” They would be issued to the value of 100 per cent of Government obli- gatlons deposited as security, and to the value of 90 per cent of the notes, drafts, bills of exchange and bankers' acceptances deposited as security, Permits Federal Reserve Banks to make bank note advances to mem- ber banks on time or demand notes secured to the satisfaction of the Reserve bank but not ordinarily ell- gible. This section has a maximum time limit of March 3, 1935. Authorizes Federal Reserve Banks to make 90-day bank note advances to any individual, partnership or corporation on promissory rotes se- cured by Federal obligations. ‘TITLE V. Appropriates $2,000,000 for ex- __penses in carrying out act. AUSTRIAN TROOPS CALLED IN CRISIS; GERMANY IS TENSE ___ (Continued From First Page) ‘Waldemar Pabst, one of the oldest aides of the German National Socialist chancellor, Adolf Hitler, is coming to Vienna to help prepare a Nazi putsch, and that Dr. Paul Joseph Goebbels, Hitler's flercest orator, plans to ar- rive here for a propaganda campaign. (Copyright, 1933.) TROOPS OCCUPY NEUNKIRCHEN. Organization of Hunger March Re- ported. No Serious Clashes. VIENNA, March 10 (#).—Federal troops and gendarmes occupied Neun- kirchen, near the industrial center of Wiener Neustadt, this morning after a report that unemployed were organizing a hunger march from Ternitz. Machine guns and barbed wire were placed acrcss the highways. Up until 1 p.m. however, no serious dur:u were reported. A group of 1,200 marchers was easily dispersed. The Dollfuss government, with the army mobilized and police in possession of all Socialist meeting places in Vienna, has won the unconditional indorsement methods of the past few days. The Christian Social party, to which Premier Engelbert Dollfuss belongs issued a communique through its Cen tral Committee today emphatically and unanimnously backing the drastic ac- tions of his cabinet. (The suspended Parliament, elected in November, 1930, comprises 66 Chris- tian Socialists, 72 Socialists, 8 National Socialists and 19 of the Eeonomic Boc. However, the Nazis. who have accl ed Chancellor Hitler of Germany as ir chief and who demand union with Ger- many, have made big in recent provincial elections and ngw demand a new Parhament election.) \ ‘The Socialists seem for the mofnent cowed. Police reported this morning ' that there were no attempts as yet to resist the police and military. BEATING OF JEWS REPORTED. Sackeit Protests Treatment of Seven American Citizens. BY NEGLEY FARSON. By Cable to The Star LONDON. England, March 10—A| widespread campaign of Jew-beating 1s going on in Germany, according to re- ports of British newspaper men, who | have made flying trips to Berlin to see for themselves what is going on behind the screen of official censorship. Bands of Nazis have apparently got completely out of hand and have seem- ingly been given a free hand to beat Jews unofficially as much as they like. The Manchester Guardian carries & story relating that several Jews were beaten up openly in the main streets of Berlin yesterday, with the police do- ing nothing but to pick up the most seriously injured after it was all over and convey them to the hospital. This, correspondent had just been talking to a highly distinguished British Jjournalist just returned from Germany, who says that the police there seem too terrified of their jobs to interfere with young Nasi hooligans. Americans Reported Beaten. When seven American citizens have already been reported to have been beaten by Nazis, it needs little imagina- tion to estimate how many German Jews have been attacked throughout the nation, it is concluded by students of the situation here. . i ‘The Berlin correspondent of the Lon- don Dally Herald declares the Naszis actually have gone in for torture on & grand scale of petty Jews and says that the worst part is that these Jew-haters are young Nazis from whose ranks are' Tecruited Berlin’s auxiliary police. Yesterday, says the Manchester Guardian, a detachment of Nazl storm troops marched into the Kadewe, the' biggest department store in Berlin's west end, shouting, “Germans! Don't buy from the Jews!” Panic is sald to have resulted inside the shop, cus- tomers rushing to escape—during all of | which the police stood by doing nothing. | Similar scenes took place at the Ros- enheims and the Tietz, big department atores, at the Karstaats and in front of several Woolworth stores. American Ambassador Frederic M. Sackett in Berlin has already. made an official protest against the beating of seven American citizens. It is being asked in London if President Roosevelt, upon the appointment of a new Am- bassador, will make any mention point- ing out the German government's obli- gation to protect American lives. and What German i no steps nor said anything to (Copyright. 1933.) - ‘Women Voters to Meet. VIRGINIA HIGHLANDS; Va., 10 (Special) —The Organised. of Arl County , DRASTIC BANK ACT PASSED SPEEDILY Congress Takes Little More Than Seven Hours to Ap- prove Strong Control. With grim detormination, both the House and Senate, after organizing yes- terday, tackled the banking problem, and in the short space of about 7% hours, had turned out an epoch-making plece of legislation vesting in the Presi- dent unqualified powers over every type of banking. Party lines were cast aside in the | drama. Republicans, in the minority, joined with the dominating Democrats, | and pledged themselves to accept the dictates of the new President to aid the country in its hour of need. In fact, Congress hardly knew what was in the bill it passed. There were no coples in the House, and it was read and ex- plained on the floor by Representative Steagall, chairman of the Banking and Currency Committee. There was no time to study the implications and ramifications. In the Senate, however, coples had | been provided by the time can!?den jon | . But members followed e | clerk's reading with unusually rapt at- | tention. In both chambers, members ve the impression that they were | glad to place the responsibility for action in the hands of one man, happy that one man had offered to assume that burden. Action Taken Quickly. It was noon when the new Congress convened. It then organized and re- ceived the President's brief message | asking for action. Action it got. | ‘The House at 2:55 began consider- ation of the bank bill. It passed it at 4:05 without a voice in dissent. The| Senate took up the measure 25 minutes | Iater and passed it 73 to 7 at 7:23.| Speaker Rainey and Vice President Garner signed it, and at 7:55 it was on | to the White House. At 8:36| QL WASHINGTON | prove unfair to State banks the flery | banks which are literal the President had affixed his signat and the first lation of the Seventy. third become law—an act £ relief in the existing na- :ltml emergency in banking and for ‘The House rushed through the bill with & tumultous vote of “aye,” acting under & unanimous consent agreement that permitted no amendments. Its members did not even use the total of 40 minutes debate allowed. In the Senate there was a slight de- lay, and on a roll call seven members voted against the measure—Borah, Re- publican of Idaho; Dale, Republic- an, of Vermont; Carey, Republic- of JWyoming; La Follette, Re- publican, of Wisconsin; Nye, Republic- an, of North Dakota; Shipstead, Far- mer-Laborite, of Minnesota, and Costi- gan, Democrat, of Colorado. Norbeck, of South Dakota, former chairman of the Banking Committee, was paired against. Long and Glass Clash. The Senate struck its snag on & heated interchange between Senators Long, Democrat, of Louisiana, and Glass, Democrat, of Virginia. When the former protested the bill would Virginian declared that under it banks representing 64 per cent of the assets of the Federal Reserve system could reopen within 24 hours and “only those rotten and long ago will not be allowed to open. The debate was precipitated by two amendments, one by Senator Long to authorize the President to take State banks into the Federal Reserve system. | Another by Senator Gore, Democral, of Okishoma, would have made State banks eligible for associate membership for two years. Both were rejected. “This talk about closing all State banks is based upon a total misunder- standing of the provisions of this bill,” declared Senator Glass. “We do not close by act or implication a single. | solitary State bank in the United States. These banks are within the jurisdiction | and under the authority of the re-| spective States and every one may be opened at daybreak by the authority of the several States. “Ninety per cent of the effectiveness of this measure or any similar plece of | legislation is involved in the adminis tration. Congress is dealing in an un- precedented way with an extraordinary | [ £ D. C., FRIDAY, MARCH 10, 1933. nd desperate situation in the coun-|“Now to be pestered with attempts to| remain closed or accept Senator Robinson, Democratic leader, inted out the bill would enable State nks o obtain loans from member t:n" and also to obtain capital from e tion. = Senator Glass Buthorize the tion to subscribe to the stock of Bhfimhnh Reed, Repul n, of Penn- ulwflhum if he was correct in say- ing State banks would not have to look to Washington for ission to open, but.could get auf ity from their | Senator Glass agreed, Senator Reed declared: “Then, instead of im- peding State banks, this legislation will #dd certain resources and make eligible for rediscount any secured note waich the State bank might give to its corre- spondent member bank.” "g‘ndoubwdly," Senator Glass agaln, “This rgel; h&h - will largely ald te nator Long asked how a State bank | would borrow through s member bank | which was itself closed. “They won't get any today,” Sen- they o't g6t any. tomerbew If S ey won't get any i lemmn': l.a lae(u % e Senat ass, a ban conserva- tive, explained that m are pro- visions in this bill so liberal that no friend of the Federal Reserve hanking system in ordinary times would follow it for a moment.” “Why, under this bill,” he continued, “when member banks exhausted their eligible paper, they would then bring their cats and dogs to the banks and with the assent of the Federal Reserve Board get them discounted.” Sees Drastic Change. One of the outstanding provisions of the bill, Senator Glass added. would permit individuals to do business with the Federal Reserve Banks, “something that has never been done since they | were organized.” i He then called attention to the cur- rency expansion provision, remarking: “We have authorized in this bijl the! issuance of some billions of dollars ir Federal Reserve bank notes that do . not require any gold reserve.” . - “I am coming to have less and less respect for & gold reserve that can't be used when it is needed,” declared Sena- tor Glass. | “I haven't slept one hour since night | before last.” Senator Glass continued. | replied, ‘4t nstruction Pinan prefe JALITY is the SENSIBLE comparison —LOOK BENEATH THE SURFACE In Woodshire Suits— Handwork means Handwork In this coat front, note the many hand stitches . . . and, as each stitch is put in by hand, the garment is shaped in a much better manner than any machine<can do. Note how the edges are carefully taped, holding the edges of the front fabrics in perfect union—and this taping, too, is put in by hand. See how carefully the front construction of this coat is built. “work that goes into a Woodshire suit. Makers of inferior suits do not use the careful hand In making good suits, machines can aid, but never replace, the work of human hands. Woodshire suits are good suits, with all the necessary hand construction that makes them well worth their price. With Two Pairs of Trousers 33 5 In The Men’s Store, Second Floor—Adjoining the Men’s Furnishings and Men’s Shoe Sections pin prick a great measure like this isn't agreeabl . Senator Long asked the total number of banks in the country and whu,x‘ Sena- tor Glass said 19,000, the Louisianan Regdnstruction PFinance Corpora- | ing Pounding his desk in anger, Senator Glass replied hotly: “We are not to close a single bank. i Senator Glass concluded with s plea g the B‘ednlu wu;ummw its views considering lation. As he finished there were cries of ‘“vote,” “vote,” but Senator Long said, “No, we won't vote.” Reed Adds Appeal. Senator Reed then joined in the plea fos action, saying that though he found many things in the bill that he ob- jected to, he was “so impressed with the necessities of the case as told to us by the Senator from Virginla,” that | he was not even objections. As the Senate, apparently neared a vote, Serator Vandenberg, Republican, Michigan, arose to say he was going to vote “aye” very reluctantly and would do 5o only because of the “utterly critical situation” and the necessity for “ "I'lg_plele co-operation with the Execu- th Otherwise, he added, he would “hesi- tate a long, Jong time before sanc- tioning such & measure.” “It seems to me” he said, “that what shall happen to the Nation after tonight depends entirely upon the judgment or the whim of the control- ler of the currency.” Just before the vote. Senator La Follette, Republican, Wisconsin, in a formal address, sald the “weaker banks mostly outside New York would either ONE DAY going to mention his conditions of a conservator of n&‘ & ‘Treasury,’ while the stronger ones would be able to buy control of the others. Tt will result in a 'virtual dictator- ship by the New York bagks over other banks of the Nation,” he said. Backed by Both Parties. Under stringent rules, not only Imit- ing debate, but preventing amendment 'to the measure, the House acted with | support from both the Republican and Democratic sides. Representative Byrns of Tennessee, Democratic floor leader, opened with & statement : | “If this bill is not passed todsy. |no one can tell what will happen | tomorrow.” | _Prom Representative Snell of New | York, the minority leader, came these wor | "““The house 1s burning down and this |18 no time to quibble over details. I am | going o suppagt. the President in this | emergency pre ition. I hope that no | Republican ‘on this side of the House will oppose the unanimous consent | Proposal to.consider this bi GAS CURES SORE TOOTH Dentist’s Patient Fells Woman and Breaks Leg m Fall John Houghton, Lyndhurst, N. J., went to his dentist to have a tooth | pulled. Under the influence of gas, which the dentist’s wife administered. | he knocked her sprawling. tripped up | the dentist and fell to the floor with ithe gas tank on top of him. Recovering consciousness, he found | his leg was broken. His sore tooth had ' stopped hurting. CLEAN-UP! FASHION SHOPS’ Annual Pre-Inventory SALEof Remember— Saturday ONLY! s&Ends Every item must be sold! assortments are broken; Please note that quantities limited ; they won't last long at these “below cost” prices! | 9th & E Fashion Shop | e CLOTHING Regulars, lars, 40: "~ Longs. 4. Were $30.00. 3 Sults—Size 32. Were $25.00. Now . i Shorts, 3R-40. . 38, Were $45.00. 25.00 15 Overcoats—Fi Meltons r. zes 3R-40-42-44-46; 3%-42. Were Regu 42 - 44 izes: 3R - 42 Longs. 2 7 - 3R - Shorts. 37-38-44: Stouts. 38, o0da Frovoes. o % Advertised £1.85 SUMMER CLOTHING 5 White Linen Suits—Sizes 37-42: Longs Match “Suits 4 10-42 0. 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