• Lu 'j-<Ci . - : a • • v ’ -v ^ • krdfe, -feu. ^ ;■■ ■ Sll,/ti:ie outlook sgems excellent for the ^ re'O' on in ' O" t-io or-.m . t. ■'■.-n : e In th counl,ry v.:lth full c-. rvice Bankers today v;ere so encouraged by President too s eve it1 s message to Congress v*1. th i s promise of irr-neciiato action, oaat --hey became V increasln ■■ Iv li ori'ol in ct shiro' no'; only oayroll eh-ecos but oersonal ~X&c, n*~ajUs>vv<n<> -inuliy.. - .:tn_ j;. oec ! 1 o n ^ lari1*^yTjpjj|v>, r- its itn trie President, iAfRccM, bCtt^fcaeaeac——^ cvn j- 50 acts on . . = ■ o eroeiicy .i>ei slat ion for v/hicb he has asked. ir ,j ‘t • i< ay: |fhe seventy- Led in extraordinary session amid sceo.es of such oxciteinent *ma& hadn’t been soon tihee the tar. boon ai ter tiie ^agaggoag m *■ 11 .ginerg^ ncy bill which h d be on by * ’ r* of'/ici- 1 t. -i■ reao it"' headers of the senate and the house A p ej rusher ov- r to r.re /aitin.’ ounato by t-; :i ■ t r- r ; 1 a s:; ■ o f v 1 r y ini a | V r .ij Li — Fi’ve minutes later it was introduced by Senator Fletcher, of Florida, Chairman of the Committee on B^King and Currency. The Senate immediately referred it back to the Committee by unanimous consent asking for a report as soon as possible. The Senate then took a II] a recess until later tnis afternoon while the Committee discussed the it bill, ust a moment ago came the news that the House, acting with 1 what is described as war-time speed, passed the message for which me President asked. it went through ’with cheers and without a roll :{! call.ymeanwhile, the benate’s Committee reported and recommended fche bill. oo the benate will no d..ubt rush it through shortly also. |cn top of that we learn that preparations are being rushed for the 1 re-opening tomorow of all sound banks. Kerb's a bare skeleton of what the President's measure calls for: First, a continuation of the embrgo on gold; oecond, ratifica­ tion of the power seized by the President in his bunday midnight proclamation; Third, a full grant of power to prevent any hoarding; Fourth,(complete control over all bamcs to protect both depositors and creditors, and also to reorganize such banks as need it;Vifth, f amendment of the ^e ieral deserve act to permit direct loans to i - xX«xxxK>ixKioav*x corporatiuiib and iiidividuujis on governiuent bondsj and sixth, the granting or broad powers to the Federal heservo Banks enabling them to extend lo^ns to member banks on sound collateral. The amendments to the Federal Reserve act have been especially ■ * ret nested by ^r. “oosevelt in order to provide for the 11 additional currency adequately secured,the need for which he has emphasized. The full text of the measure is published in tonight's newspapers. ho., for the rest of today's banking news;- hew York banks are read to reopen on schedule tomorrow for regular raisS aess. It is possible that payrolls will be paid in full, at any bate, it is sure that they wil be paid in part. In several states Clearing Houses have made plans for the issuing of scrip tomorrow subject to £ the consent of the Secretary of the Treasury. ^iiose states are California, Minnesota, ueorgia, and Aennsylvania. The legislature in alab ma likewise debated the legalization of scrip. But the indications are that in most parts of the country scrip will not be necessary because there vvill be plenty of currency available, and by the way, farmers are to receive funds for fertilizer and seeds. { 3 1 1 message :. q Goner-ass had an inst' i !■-< ; ?1 O’ ■■, l ;1‘ c .r ic effnct on tdic country c t iarg'G. -Kivary fc'C|tiy iffifflodiate onenin * of banks for the resumption of business- I -.ask s\ of Con:Tess th- immediate enactment bi' 1- :i.'elation ’ivino to the execuf tv- braoeb. ' r i- i.'ov-'.•nmcticontrol over banks for the protection of Leposil ns.1* Then t " as-ced further for "Authority irttofiat-^ly 'O ootn such tanks as have already been ascertained to be tf sound -on.. ita' n. " He also ashed for authority to reorganise and reopen such bc.iiks as may be f oun'. o re--, uiro re or cani zatidn 1,0 put thsn on ' sound basis. this huaibl' ion '11 nm. only lift immediately all umtarranted doubt r,nd suspicions in recard to banks which are one hundred per C.W.. sound It • ill also nr rk the be.-sinninr of a new relationship between the banks and the people of th i 'y." So s: s ^ur 5truc with its terseness, Xt was only five hundred words > ne thin • he sai ;: he sai "Our task is to reopen all sound banksZia* . oilliuji *. i;o accompxxsn tne isj[n . j non" , s; if the President, "it is my belief that M ii-c w /i vj 'l: *** new president * imis "o *;in. licit <13 exDcctc:; of hlra aho. in rlio:"t order. y A irienirite 1 e^islation for which he asked Congress today is to 'ive fh'i nafi'-*a brearhin- mace and the President the Dover to . 0 those shines vhieh ot ' o immediately urgent. He pointed out "chat in ■do rkoei s -ace of five da/s it ii impossible to formulate comn 1 e tr i :1 r a s ;ir -• $ i o o r vent the recurreace of the of t-a asst. io she rune of till a rin^'ing message the severity-third i a sessa A A aooseveli die not leliv-r nis aessaro in oorson, out remained at his Congress convened in session c\t noon today. President A A desk in the White Sou OLD One I’- vrvr- ’nif -r a • r l.; 'ny <• a •• turn lo’ of o ■ ■ ■ ■ i ve Banks, There vs & s r Imos t • - n : ' -'• • ' -o.- • : vs ;o brln baelt tne troa.'ur' they had ■ t:. i‘c n. ~ ' arr n n.L' .'in '.J y n ■ in peurs, ut in '..one .id er t1 ' nn. :e in ^ev. inr'y, tor instance^ zhr-: Fed err 1 Reserve Rt*n . w < j S o• -1 ? •. •- o ■ n extra windows and it i s estiraated that by noon ro aay 'old was pouring- bae': into Uncle earn1.? capacious vaults at the «t*t £<rM/i, rate of some fifty thousand dollars^ A total of somethin!? like thirty- five millions ru,s been returned to the Federal Reserve in the last three dav:- -- his in Der York ion . ‘-or of t ie hoarders xi-: wore a sheepish grin as they brought jfcHEX their ol back. But the important thin, is they nit ’farin'” it back. -eanv/hil- tr embargo on the export of olf remains and will rer.i.r in even after th b; nic holiday which h>‘ -»rrr-r .exnir s tonight • t mi ni ht. But the Federal Reserve Board will ta.o: other means to stimulate this return flow of ol . Th': Board has asked deserve Bands to rcoo-i th- names of all per son £...... ho have withdravm o! since February ist? that is, all thosr ■ o v nr t .'>1T vi'lunt; -ily returned r, t i .ry .-ith- re'-. Thus ihe identity of the hoarders will becam n- n. • r-. t if’ i c ■ 1 on to \ .r . \ • ■ ‘ xoh: n -, i li :e ire o: 11 IM 'ricultu.:-** 1 l-:; “ )Oi-1 t' :■ . a sdi . . ere »lonf ’ul r. r -v 5 ; ic i; . 1 II »I ations 5n i -ic . sat. most >a r t. ri- • r-t'-'T-r nr.ve. f 4 e 'Yev-thai th l-oaij cliop is COO-in ■ . :t -n . £ ■ ons. as rranh n.y ns in. ' . st n 'on ? i•! ' ■ ' .1 n n . . ' n , ; itt=: ? conned oo( s and stanles an-e stii'l-stabjn • ihe Presidenr h “an ion ^ reduce nxchanne a;;aounc o s, t o !! ou • tm . i;; por t- ion lint- s : re 1 n sueh s s to t - ’ oi% c l 1 • o ’oduc ts can i: v< ■ ) x mar ■ uu . >< ily.n do -t .rr » r ' • ••• . o >• Ly uar.' nt ' aalnst any . hen tain of commodities. j- j ■ .ov; -tn r.j ca;'n some st > s j.n vreioue ■arts OUrj ■ ■ : t re was less buying than usual. In some srorro; on tr-. oth- n nanr , the sales Bwndgert r-uort : ,»,t to crrv:ds arc -ratty nea-ly as lart-e as they - - , t anlcin ■ ! ; h of- I J on ‘ n encou rT-^v';3 corner, ■'rnp! ab.: Iuro oean v ! :’j y° ; ; 1 5 - Sam1 s doll; r* at the value 1P‘' :i; C'inkina .ir-l. ir av .s ta t' . A.I' hourh this poveraont nf cone; . , cv; rt’--c’ loss all the princiral ^uro• -‘.n powers -r r U' -'nine tr1' 4 tsr' U. . . hollar shoula its value in 4 ■ . . . u-onean r .re n • ■ 1 -- 5-.t Then another eneour; in - itr-m frora abroad is that ± r on tne non., a .as-'S : hxch- n ; f v . -ice s of shares In American coHi:-ani s . ■ iate.inod via t -thr financial reporters call a favorable tone , me acti on of t nuronean ’overnraents is aisiec to curb t.ie activiti* s of s- culat \rs in the Central 1 iuropean countries "ho S' sot' :. a ra id on tov collar. Nee;: less to ; s,y ■ h -1' o •■01 >ean coins this beea ' n t c o t s ^ f f o ■'* o i. 8 n ■ • s ; 1 1 a t 11 re of f e vsli oil • 1 1 rx •si i.; in-s . IN j v w _^>0 o •'l'"1' ccasen in ^hinr- in . piie of the ; ct 1, .■ Ji- >• no -1' Vt nomplf to oossession of the Province of no. i-.'.i o; 1 i.ciol nn.ru:unc> rerii; i- Pei pi; r-' conveved _:e\.'S tnat John on j . r r-K n ha r. a tort on offensive moi/ement against the armi* . of ■. ... • - o hie. ■ k . xx massed Lon • the Great Gall, uhe oiG/lein 1 :•<. n i' • • • n a ; that they havt sixty-sir thousand shec^.- troops lined un for th.^ oneration. Meanwhile Americans and Europeans in i lent sin and Peiping are some*’ r * nnx'.nu, . xhey bt linve that tht Chinese ofi'ensive aia^rf ":g —,—.—.... leno to t;n ■ invasion of China rroo-rii* by the Japanese. Anc :niny ,hin th'r- i probability of an air raid over Peiping. Japanese bombers attached Chinese troops yesterday at a ooint fifteen mi'C s south ''f‘ tn'.; Croat -.ail. GERMANY ^ews from Germany is that the iron list of the Hi tier Government is closing down still more firmly. I^Thpenancing words of the CaMnet to foreign correspondants doesn?t seem to be stifling them to any noticeable extent. H,R.Knickerbocker, for instance^ cabled the Philadelphia Public Ledger and the New York evening Post as follows: ^Arbitrary actions by Nazi storm troops and the overthrow by the fascists of the established order in several states have brought Germany to an alarming condition of anarchy, The brown-shirted storm troops today are swarming over Berlin and other cities. They are taking possession of building^both public and private’' ^For instance, the^are seizing opera houses and the general office of the Prussian State Lottery. One of the arbitrary actions reported happened at the Berlin Stock Exchange. Storm troops surrounded the building and sen* amessage into the Board of Governors of the Stock Exchange demanding J**S resignation. lhis is Gi'T-J v I a NY - S interpreted as being part oi the antf -Jew!sh activity of the Hitlerites. in so: e cities the Nazi storm troops invaded the courts anti arrested the judges. There are rumors that in che heart of the steel dis trict all Jewish dry goods and department stores have been closed. Meanwhile Uncle Samf s diplomatic and consular officials have been protesting to the Government against the mistreatment of American citizens. They have received promises from tne Cabinet that those attacks would cease***^ i; KATHilR i' o.Llo-.vin on t.ne i rociout Vincis that sv/ept over the a\.ic see bo are Lae t ru :nt, ’..n;-: .wc.'atir.-.r man promises us some cold v.ear...rvr i ni n’. . It is believed that the thermomet r will drop to tv.enty decrees above zero. The most spectacular casualty reported occurr-- d in he 1 hi: v.U-. * e men '-c in tin 7!wt su. >er structure of the Brooklyn n-il • -.van blown u'i his r rch and f 11 on rhe cartracks. S e v c ; : r,y - d 1 v • - f ■ ’ e t b& lov:, c-",K,^ACHriNGL been decided Stock whether exchanges v;il 1 reopened tomorrow. Many urgent requests have been made to the government officials to permit this. Brokers reoort that they have received many orders to be executed as soon as the Exchanges open. All of them of rLA^je, fj I an optomistic kind looki to a zarnta. in or ices. In Chicago today It is estimated that no less than half a million men, women, and children passed by the place where the remains of their murdered mayor, Tony Cermak, layi in state. The County Treasurer’s office was the only public office open in Chicago. ihe funeral rites will tUite place tomorrow at boldiers r'ieid. • • • ;V .. ; lAeanwhile in ^iami, Guiseppe Zangara, the man who murdered Cermak, was pleading x 6uij.ty in open court, sealing his own doom. ACTOR iill Broadway is giggling at the expense of an eminent actor now in Hollywood, He is one of those who >ot panic stricken last week and took a large sum of money out oi his bank in cash. As a matter of fact he took out thirty thousand dollars and the bank gave it to him in thousand dollar bills. What’s funny about that? Well, he hasn’t been able to cash a single one of tiaesss He has been sending telegrams for help to New York,, ^ A They say he is still sending telegrams^only now they are coming "collect11. There is one example of a man who is literally^to the extent of thirty thousand dollars KAO,;Q \ j tr ed find : ' rov 1 ' 1 ii - Aurioo end of the i •- inu u . , v ciont ■ i;• :■ ts hidh r to hr- vr declared ~ 1 • ■* ' ■ ^ " 'lion f 1 - i.:i0i*6 V; no ::uch ,hin as bhc' t ■ o' <Z<?y02Jl*JC _J J *J j -"J n • ' : 'V in: ideTKi rainbow Is y** *** *5 " roe in nTne Week* s Science11 informs us ti-nt r-uitf- o con^. ^overro is ra"'in:: on this sub.iect In f-neland, e- rr.o ri st oecloros tie t, n- hr s actually Iriven through the end of a rainbow. And that motorist is no less a celebrity than Mr. Wickham Steed, . ic famous editor of the London -imes. --r. Steed i-r sorts that ;.u:.-in * a rainstorm he Cf .o an to tl\ soot v here onr . n . r,f t . !'-• in: ,v rest' on 1 n- -oa ,, an: th; t h-: ran slowly through it in • r tmn *c rr^'n'.h .11 rht i or i •■.:i stance oi about a. hundred yards. Weath r exp rts and ether scientists ar Lting .Lett1 ■ c ■' ')• ‘‘ n mir ■ ' in ~r. * t so. ‘-H ^ bl i.. tt.> t. Club, But teed stick: i un: - o ? t • ny rate by his story. Ti^nTH 0n° of the thln 3 that may go off the gold starxdard nexfj we' an,:1- ror some time to come is teeth. The restriction on gold has made it difficult for dentists to orocure enough for their purposes. In fact the president of tne American Dental Trade Association has sent ^to tne becretary oi the Treasury release A A /\ •&£ enough gold to enable the dentists to And, here’s a curious bargain story .A gentleman in Milwaukee was found by the police on the streets selling gold coins for tv/o-dollars and a half a piece. The police suspected him of taking-in the passersby, so they promptly took him in. They then found that the gold coins he had . beeithelling were genuine ten dollar gold pieces^ It turned out that the man they had arrested was a rooming house keeper. He said he found the gold sewed in the mattress of one of his roomers who had. left the house, ♦ 4 * [/•% L f: ■' ‘ f. 1 c.n Lcr ■ in a nonion nap on interested me. : *- ■ ' tr( ich, f m mi .... ; e , ork U‘,t > CrrtVtvu. in. i contract ■ sri’iveci on the scene h:; noticed the- do - oa : ,;as nowhere In si ht. do bo seiv v.o one o - e n: - men 'no* he trench he e ,'alien in?!i Tl-■•'o, sir,'’r r-cplied ihe nan i■,n th- shovel. ‘Hve1 -e just m i ■ *iri4 axxixiire =s \| U%t/V»W| h ; oi; ~ o r 11 him.!1 Woj32^it/A w^vo vii. ■^v^. J? - w. - vW , 4; .