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To Reduce Veterans'

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To Reduce Veterans' .;. .. -^.,'"?.v .: ■. ’ . , rDAlISkSBGCLAiak^ Wtti'orflMriiii^. iiM ' - ■■ '.•** ■'■ ’5 i2 7 5 ' '■ Blember of ^ Apdlt Bqreaa •t CXrealattoas. .VUr toalj^'iM I f*-> VOL. LH., NO. 137. (Claulfied Atfv’trt&lni'ion Fage 13); MANCHESTER, MARCH 10, 1933. ; FbuRTEENPAG^ i - ; “ODD MONET SMILINGLY CONFIDENT OF'THE FUTURE CHECKS TO BE CASHED HERE I ■ ^ ^ •I'J.'.ViO.jJ.'t' TO REDUCE VETERANS’ Load'Banks Remam Qosed b ce p t For Authorized Text o f Rposevelt*s Transaetioiis — Stores 4 . ■ ' Booor Cbeney Pay Drafts. e oh Wuhington, March 10.—(AP)—^collapse of our banking'structure. .Ifaacbeiter’s two banks today, The tract of President Rooeevflt’s It has accentuated toe stagnation like an others throughout the Unit­ economy message follows: of toe economic life of our people. ed States, continued to observe an The Nation is deeply gratified by It ,has added to toe ranks of toe Emergency Action For Balandng Bodget Most Be T d t^ toe immtti' te response jglten yiaa- indefinite banking holiday in accor­ uoteoployed. Our government’s terday by toe Congress to toe ne- house is not in order and_for many dance with a new proclamation issu­ cteklty for drastic action to restore rcaabOB, no effective action has He AssertS’— To Preserve Basic Security o f Nation *1 ed by President Franklin D. Roose­ and Improve our banking system, been taken to restore it to order. velt late last night. When they will A Uhe necessity existe with re­ Upon toe.unimpaired,credit of toe Most Be Fair To Not Only the Few But the Many,” l b be open is impossible to say. That spect to the finances of toe gov­ United States govemmeni, rest.toe depends on whatever orders regard- ernment itself which requires safety of deposits, the security of in i the holiday are issued by the equally courageous, frank and Insurance policies,, toe activity of Says— President Does Not Specify To What Extent He co^dent, praising the nation for its calm acceptance of the bank holiday. Treasury Secretary prompt action. industrial enterpriset^ toe vidue of President. William H. Woodin is apparently enjoying lopg hours , of work and the great responsibility he has taken as The Manchester Trust Company For three long years toe Federal our agricultural products and toe virtiw ^ctotor of America’s banks. Woodin is shown here, center, as he end^ one of several conferences government has been on toe road availability of employment. Plans To Slash Veterans’ Appropriations Biit Advisers Win. continue to serve the town as on th^issuance of scrip. At the left.is Arthur A. Balientine. undersecretary, who has remained to help the toward bankruptcy. fs,r as legfUly possibly. This includes ■The ci’^ t of the United States n w Treasury adnUnlstration during toe emergency. At toe right is George W. Davison, New York banker, For toe fiscal year 1931 toe def­ government definitely fiffects these tlM continuation of "breaking down" who was author of toe scrip plan under which toe nation carried on bUslnieM ’durine toe 1907 fitinnHai icit was |461,00b,000. Estimate It Will Mean Saving of 500 MiDiono-^^Expoct currency and the admission of pa­ fundamental human values. It. emergency. For toe fiscal yecu: 1932 it was therefore, becomes cmr.first concern trons to their safe deposit boxes. |2;472,000,000. There is also a provision whereby to make secure toe foundation. Na­ Big Protest From Veterans. For toe fiscal year 1933 it will tional recovery depends iqxxn it. t^ , banks of the country can provide probably exceed 11,200,000,000. for a^lute necessities in the case Tbo often in recent history liberal For,toe. fiscal year 1984, based governments have been wrecked on Washington, March 10.—(AP) — of., food, medicine or relief of dls- on toe appropriation bills pasMd rocks of loose fiscal policy.. We retary, said toe proposed fvess but speh cases are very rare ASSEMBLY PASSES ASSASSIN GETS by toe last Ckxngrdss and toe esti­ must avoid this danger. President Roosevelt called upon on a half billion federal bond ia s^ s[nd may not require any lo ^ ac­ mated revenues toe deficit will Congress today for dictatorial power for employment would bis held up tion. Must Act A t Once probably exceed 31,000,000,000 im- It is too late for a Irisurely ap­ to reduce veterans’ costs and Fed­ until tomorrow. Fractional Check:; ANOTHER BANKING BILL CHAIR; SAYS HE less immediate action is taken. proach to this problem. We must eral salaries, promising that if it Short Meeeage Cheney Brothers annoim:ed today Thus we shall have piled up an not wait to act several months * TodaYa message will be as'ahmit that they have supplied The Man­ complies, “there is reasonable pros­ accumulated deficit of 35,000,000,- hence.' The emergency is accentu­ pect” for a balanced budget within as yesterday’s banking conununlcaH* chester Trust Company with a limit­ ISIWTAFRAID 000. ated by toe necessity of meeting a year. tion, running about ’ 600 words; ed amount of cash to be used for National Economy great refunding operations this Early said. cashing all Cheney Brothers'' pay­ Undisbiboted Cash and Un- The Democratic phalanx of CONNECTICUT BANKS With toe utmost seriousness I spring. House and Senate though not with­ At toe Capitoi; xnijMtwhile, abaija. roll drafto for fractional amotmts. point out to toe Congress toe pro­ We must move with a direct and out dissent, set out at once to do opposition tb PresidfilrRooBevelA Eitb^ m^chants or indlvidm.l& may mterested Trust Fonds Zangara Shouts "You’re a found effect of this fact upon our resolute purpose now. The mem- his bidding, expecting thereto to plea for dictatorial pqife a to redu^ ca^h such drafts at the bank be­ ARE CLOSED TODAY National economy. have hundreds of millions saved toe veterans’ expenditum'^ans coosUt tween the hours of 10 and 12 to­ It has contributed to toe recent TCdntlnued On Page Six) Treasury toat toe President told it ered likely, but tha prepanderaw morrow and between the hours of 12 May Be Used By Banks h Capitalist” At Judge As He will have piled up a five billion dol­ Democratic majority was expectfd and 2 each following day, except lar deficit by Jiine. to give him that authority. n Sunday, during the bank holiday. llieir Regnlar Bnsmess. - Governor Cross F^ws Receives Death Sentence Points Out Road Senatorial autooritice private^ This, should not be mlsiaterpreted “I am pointing a definite road,’^ preAheted a severe dispute before to mean, that Cheney dra^ for aq GOLD IS POURING BACK declared Mr. Roosevelt, and aaket^^ decision, eyw fb^ :dellars or one dollar aaiy For Killing Mayor Cennak that he be allowed to take it “at Veteraas Protest be eaifiied: T b M are to be kept in Hartford,. March 10.—(AP) — PresMoit Roosevdt’s Or­ An emergency hank Ull authorizing without even waiting ter thUk Telegrams from veterans’ om ni* circidgtian- Only fractional drafts, beginning of toe next fiscal year.” Oations about toe country imurrt 1«- such as das for fl.25 or ,«1.7«, for the lue o f undiatributed cash or un­ der To Extend Hoiidaj. ^ . country nqured In­ Maml, Fla,, March 10.—(AP)— DITO BANKS OF NATION Even before toe message could to C^ongresslonal offices by tha example, win be cashable, at the invested funds of a trust fund in be read to Senate and House, Manchester Trust Company. By this Giuseppe Zangara, zeidot and as­ 4>- hundreds, 88 in one batch belxig m the r^fulsir conduct of a bank’s threats of a determined dispute were dix^ped on toe desk of aetiqn, Cheney Brottieif hope to 'a»- sassin; today was sentenced to evident. House Democratic leaders businm was puto^ through both HMlford, Msuxh . JO.—(AP) — Bratton (D., N. M.) this morning,’'’' sist the umall#i;. merchpfits by pat­ death in the de'ctrlc chair for toe arranged to bind their prepondsr- ting additlohal -dxange into. circiWr Hous^ o f the Lqrltlatime todnf^ un­ .Coxmeetteut hanlts repained doted New York Experts Predict a ROOSEVET EXTENDS aut-majority in caucus to get toe ^Dose to other ~ tiom The Trust'Cbihpany wQl alto der stispeasira toe rules. ’today, kx accpdance with prdclaiiui- Jbto tomugh by Wednesday, if pos- f W 64 ipAonpAUxery to the of Senator Cutting (R., N. M.)i Tlm.tijlH.;.toe. i«ra n to^ f a 'asrles uonstions orof PresidentPreslden.t Roosevelt Metal Cheney drafts into one dollar drafts. of emergency acts, was reported in e'!*Sde , Robinson of HoosevSIf ‘ suppexter—-to a. ^g holiday. Sentence w ps. pasted at 10:31 .. Arkansas, .tte . Dezndoratic. leader, depoatidd to Offices oC p tt ir No other, checlul will be inter toe Senete, and luiopied after Sen m. biy Circuit Judge '0^^ O. T^m p Senators. - -r« • changeabio at tt^bank. ator Cram^ made toe only re­ The .governor’s holiday proclama- WM Be Retarneii^flSaD a said the' Senate p>robahly would re- son who read (jj^e sentence from - ' r ' cemihBtil tomorrow afto receiving The American 'Legtqn li^^tslojti^ Bankers Pleased marks on. it. In toe House several tiem extended toe peric^ of cetea- prepared statement ending .,.wlth In commenting on the situation so members discii^ed it briefly before tion of banking activities through toe ^nssaage; because toe bill was headquarters here—hmuleti hy-JOlto “ and may God have mercy on^our Few Days. Reasons For D e h ; Given Bp not ready for mtroductlon. Thomas Taylor—told newspapeitaiiiiti far as Cheney Jkothers are involved, rushing it through. Saturday. At toe same time he said soul.” The bill repeals sections of toe The new l^dslation, as reepm- a statement giving that oznmiS.
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