MONDAY
(Kiom Nugget Dnily Bulletin.)
UNITED STATES RANKS CLOSED
FOUR DAYS ALL OVER LAND
WASHINGTON, March 6, (/P)—
President Roosevelt Sunday night
Issued a proclamation taking ab
a lute command by the national
government over the nation’s gold
> supply. The proclamation took ef
fect 1 a.m. Monday. In other words
all banka are to remain closed
for four days.
Orders Nome Bank Close
Following,, wire received from
Governor Parks ordered the Min
ers and Merchants Bank of Nome
to close doors.
Juneau, March 6, 1933.
M A M Bank, Nome.
The President has issued executive
order directing that from Monday
March 6th to and including Thurs
day March 9th, there shall be ob
served by all banking institutions
and their branches in the United
States includdng Territory and in
sular possessions a bank holiday
and that during such period all
banking transactions shall be sus
pended.
George A Parks, Governor,—
Juneau, March 6, (Jp)—Gover
nor Parks Saturday night proclaim
ed a three day optional banking
holiday due to “the effect of sim
ilar action" just taken by all stat
es, (This optional proclamation has
since been changed to mandatory).
The governor took action after
conferring with memlber9 of the
legislature. He also ordered that
that body enact legislation necessary
to protect territorial interests. The
local situation is wholly normal
and no fears are entertained for
any banking Institutions. A meas
ure has already been prepared tOT
introduction in both houses of the
territorial legislature after it con
venes noon Monday. All members
of the legislature are here—eight
senators and sixteen representatives.
WASHINGTON. March 6. (JP)~
A modified holiday extending thru
Thursday was ordered Sunday night
by President Roosevelt in a pro
clamation which has since been
interpreted by some financial auth
orities. an a temporary suspension
<>r the gold standard.
Under the terms of the pro
clamation calling for a conserva
tion of gold stock, it was assum
ed that the redemption of currency
in gold by the Treasury, was sus
pended by tbe holiday.
The proclamation also placed an
immediate embargo on all exports
or gold and currency and provid
ed for issuance of clearing honse
certificates to keep (business func
• tionlng, while the banks are clos
ed.
Banks desiring to remain open
could do so if the Secretary of the
Treasury grants permission. The
opplicatiou for such permission
must be made through the clear
ing bouse under ^ which it operat
es. New accounts are to be accept
ed on one hundred percent with
drawal basis. The clearing houses
are to issue scrip soon as a med
ium of exchange for the period of
the bank holiday.
The gold and currency embargo
was proclaimed under the provi
sions of the War Time Trading
with Enemy Act, which empowers
the Secretary of the Treasury with
the regulation of such exports.
WASHINGTON. March 6, (£>>—
President Roosevelt Sunday mould
ed an emergency program to re
store tbe nation’s system of money
exchange. He said he bad decided
to call the new eongreer intoT#*^
sion Thursday noon to enact it.
From a busy Sunday conference
at the White House the President
sent word to the country: “I am
preparing an Immediate program
directed to meet the present mone
tary' emergency.” There has been
no attempt by the White House to
minimise the seriousness of the sit
uation, but the reaction of thoso
who sat about the desk of the
new president, was one of distinct
cheerfulness and confidence.
Senator Rdblnson of Arkansas,
" fi;-*''. f ; T ■ * •
the democratic leader, expressed the
feelings of everyone when he said
“There Is every Indication that the
new head of the government Is
taking hold of the fiscal situation
with courage and decision/*
NBW YORK, March 6, (JP)—
Banking authorities,, Sunday night
Interpreted Roosevelt’s proclama
tion as technically removing the
United Statee from the gold stan
dard. but only for the period of
the hanking holiday terminating
Thursday night. -
Says not off Gold Standard
WASHINGTON. March 6, (A*)—
The new Secretary of the Treas
ury Woodln, amplifying Roose
velt’s proclamation, said emphat
Ically that the United Statee was
not off of the Gold Standard: “Any
such Interpretation upon the Presi
dent’s pronouncement is a grave
mistake.’’
He added that the United States
was now in a Btate of “managed
currency". He also pointed out
that Switzerland forbids the ex
portation of gold, yet It Is on the
gold standard. Postal savings funds
will be temporarily inaccessible
due to the closing of all banking
Institutions, except a tew lsloated
on '-a
M D BALZAR PASSES AWAY
The many friends of M. D. Bal
zar will be pained to bear of his
sadden death about 10:30 a.m.
Sunday, at his home on the Sand
spit where he has lived since the
early gold rush days of Nome.
A native man and friend of' the
deceased called on him at 8 a.m.
and found Mr. Balzar in good
health and spirits. Other friends
calling shortly after 10 a.m. found
him dead. A note found on the
taible rend: “Ed., look after every
thing; I am awfully afck. Signed
M. D. Balzar, Sunday, March 5th,
1933.” This neT~was evidently ad
dressed to Ed. Jensen who was
accustomed to calling every Sun
day morning between 10 and 13
o'clock, who did not arrive that
morning until shortly after 10:30
a.m. Mr. Balzar was baking bread
and the bread was already is the
oven. He was about 72 years of
age. His funeral will be held
Thursday, at 2 pm., from the Fed
erated church.
TUESDAY
(From Nugget Daily Bulletin. >
BUZBY WIN8 DOG
RACK AT FAIRBANKS
Fairbanks. March 5-tS. (/P)—Bob
Busby driving seven Siberian hus
kies and malumutes, won the first
heat in the seventh annual renewal
of the Signal Corps Trophy dog
derby, run last Saturday, covering
the 30 miles in two hours, twenty
six minutes and thirty-nine seconds
Harold Meyers was second in
two hours and twenty seven min
utes. The trail and weather con
ditions were reported as perfect.
Fairbanks. March 6, UP)—Boo
Buaby won the second beat Sunday
covering the distance in two hours,
thirty-eight minutes and thirty one
seconds. The elapsed time of
Harry Riley a Nensna Indian, fos
second plaee for the two days,
tbs total time being five hours,
twenty-four minutes and fifty sev
en seconds.
Sfij-C •• »»•.<► a <■ 1 *
RANK STABILIZATION ACT
INTRODUCED LEGISLATURE
t JUNEAU, March «, —Special to
The Nome Nugget- - The eleventh
t^esion of the Territorial I ogisla
ture convened today with «’.* mem
bers of both houses present.
Senator Allen Shat-tuck of Jun
eau, was elected president of the
Senate; Joe McDonald of Fair
banks, was made Speaker.
A bank stabilization act was in
troduced giving the Territorial
Banking Board authority to de
clare a hanking holiday when it
was deemed necessary. This' was
made necessary on account of con
ditions in the 8tates and not tn
Alaska.
George Hellerlch, republican re
presentative from Nome, was speak
er protein and was organizing the
House of Representatives.
NEWS FROM JACKSON
la a wire received by J. S. Stan
groom, cashier of the Miners and
Merchants Bank of Alaska, Nome.
Alaska, from President G. R. Jack
son, dated Seattle March 6th, It Is
learned that banking business In
Nome will undoubtedly be conduct
ed, lor the present, on a Clearing
House Certificate basis, similar to
all banks In the States.
It is.also worthy of mention that
Mr. Jackson had arranged for a
withdrawal of over one hundred
thousand dollars in Seattle funds
prior to the closing date, March
6t'h, thereby placing our local bank
In excellent condition.
In the event that any persou
may have In their possession one
of the Clearing House Certificates
which were jiaed—in—Nome during
the winter of 1907 and 1908. we
will appreciate their handing same
In to either the Nugget office or
the M. & M. Bank immediately
MAYOR CERMAK DIES
FROM BULLET WOUND
OF ITALIAN ASSASSIN
MIAMI, Florida, March 6, Mayor
Cerroak of Chicago, who was
wounded February 16th by Guisep
f pi Zangara, who tried to assasain
•ate President Franklin D. Roose
velt, died at six fifty seven this
imorning, quietly and without emer
glng from a state of coma into
which he sank last night. His
death followed a series of compli
cations against which the Chicago
executive rallied valiantly time af
ter time.
No successor as mayor of Chi
cago has as yet been decided upon.
Cercnak’s family and a number
of close friends were at his bed
side. Gangrene appeared in the
right lung where the bullet grazed.
Saturday night doctors knew that
death was near.
•Shortly after midnight in the
meantime, Mrs. Gills, who is also
suffering from abdomenial wound,
had become affected and she is in
a critical condition in the same
hospital' where Cermak died.
States Attorney Vernon Haw
thorne said, he would immediately
get out an indictment against Zan
gara. for first degree murder.
HITLERITES WIN SMASHING
VICTORY IN ‘ELECTIONS
BURLIN'. March 6, (JF)—Adolph
Hitler’s National Socialist party
won u smashing victory in San
day's elections, polling seventeen
million of the thlrty-mine million
votes cast. The ejection gives him
44 percent of the membership of
tie new Rolcbstag and places him
in a position to dictate to allied
parties. As the Nazis have declar
ed tb&t no communists deputies
■will be allowed to take seats. Hit
ler will command the majority of
the governing body.
Obaervers believe that Germany
is now well on her way to Fascist
dictatorship. as Hitler has been
given the tools to annihilate tl»e
last vestiges of democracy.' which
ue considers a failure.
-—- - . .-r
FORD’S SECRETARY
’ MYSTERIOUSLY DISAPPEARS
DETROIT. Michigan, March 6,
\JF), Ernest GUebold, Henry Ford's
general secretary',' who suddenly
dropped out of sight for 36 hours
before he “found" himself Tues
day night in a hotel room in Tra
vers City, Michigan, many miles
from home, to which he' started
for -at 11 A.M., Monday, was never
reached until he telephoned Ford
that he “Just woke up and that
he had no idea how far he was
driven, and that he • was "totally
exhausted."
Associates believed he was suf
fering from the strain of two
weeks unremitting work of De
troit’s" complicated banking situa
tion. GUMbold has long been in
charge of the Ford Motor Com
pany’s fiscal policies, and was
charged with most of the details
pending a plan for'reorganisation
of two of Detroit’s largest t>anks,
under Ford control.
WEDNESDAY
(From Nugg«t Dally Bulletin.)
READY WITH POWER h
WASHINGTON, March 8. (A3)—
Unified democrats in control of
capltol hill are ready to rush thru
congress Thursday whatever leg
islation Roosevelt thinks necessary
to meet the national emergency,
or, failing in that, to give him
extraordinary powers to act alpne.
'
OKRMAK BODY ENROUTE
HOME TO CHICAGO
MIAMI, March 8. (A3)—A spec
ial train bearing Cermak’s body
is now enroute to Chicago, where
he will be buried. Zangara, tho
assassin was arraigned on firm de
gree murder charges today
ARB CONVICTED
CLEARFIELD, Pa., March 8. (/p)
—John J Devine, private detective
and seven others were convicted yes
terday of abducting a New Jersey
fish peddler and holding him cap
jtive in a mountain calbin, as a
suspect in the Lindbergh kidnap
ping case. Sentence has been post
poned until later.
A NEW REGIME
_______
WASHINGTON, March 8, {#)-—
The end of the Farm Board's price
pegging experiment, was heralded
by Henry Morgenthau Jr., of- New
York, who became bead of the
Board under the now Roosevelt ad
ministration. He said his first ob
jective in the getneral reorganiza
tion of farm credit agencies, will
be the taking of the government
out of the stabilization 'business.
The agencies will be grouped und
er one central organization under
his direction, and the ptyir'l of
responsibility in individuals Imftead
of commissions.
READY TO HEIiP
WASHINGTON, March 8. (&)—
Twonty-six governors and others
whp participated in meetings with
Roosevelt, are now home-ward
bound, pledged “to cast aside pol
itics and sectional interests" and
support the President’s relief pro
gram.
PREPARED FOR OPENING
SESSION CONGRESS
* -V - - ■ ——
WASHINGTON, March 8. (/!»)- ■
Roosevelt may go before the new
congress with the piogram he has
drafted After weeks of constant
study for curing the country's ills,
instead of permitting his message
to be read by the clerk before
the congress, according to late re
ports today.
He said .‘“Anticipating the meet
ing of Congress Thursday. 1 am
preparing an Immediate program,
directed to meet the present mone
tary emergency. It is essential
that the first business to come be
fore congress should be the pres
ent financial situation." Roosevelt
stated he hoped to climb upward
from financial troubles within a
few days after Congress meets,
if legislation does not become
jammed.
BENEFIT GAME FOR CHUCK
O’LEARY FLAYED TONIGHT
END OF BASEBALL
The benefit game to be played
for Chuck O'Leary, who is con
valescing at present in the hospital
from a broken leg, will be played
tonight. The first game of the ev
ening will be between the Mar
ried Women and the Single Girls,
and the second game between the
two all star teams the Early Birds
and the Worms
Judging by the interest being
taken in these two games, a capa
city house is expected. The ad
mission charge will be 50cts for
all adults and 25cts for school
children. Let's see yonr sports
manship! Turn out for the big
benefit games everybody help one
another. Remember, the time is 8
pm. tonight at the Eagle hall.
\
DRAFT APFROPItI\TlO\
OLYMPIA, March 8, &
House and Senate cppro;
committees completed draft* , ■
general appropriation bill a
ing to thirty-two million, flv
dred and sixty thousand d
three million less than appn ,
ed Iby the last legislature, ft
biennium now nearing its cl '
The legislature usually api
the committee’s report with
little change. The general a
prlations are for conducting
governmental functions. T,be
ate road and bridges cornu
approved the budget of sixteen
lion four hundred thousand
ars. Governor Clarence iii
tin also signed the bill perm!
parimutual betting on horse r.
Undated, March 8, jJP)—Ja
ese determination to withdraw f
the League of Nations beco
more apparent as Japanese -for"
rested momentarily after tak
over the last important. pass t"
the great wall of China, south
Jehol City. The Japanese cab!
approved a draft of comm unicat
which is expected to be submit!
to the league March 20th.
DEPRESSION BY-WORD— "OA
YOU SPARE A DIME BROTH KI
PREVAILS AT SEATTLE
_______ *•
SEATTLE, March 7th. {&)— T1
depression by-word here is. broth*
can you spare a dime, also site:
ed to. Brother can you cash
check, to fit the times in Seattl*
as the banks remained closed oi
a four day holiday. Many wh<
had not "saulted up" for the holi
day, found themselves with money
In the bank and a check book in
their pocket, but no cash on hand
The stores remained open and
are being supplied with change by
the banks. The banks of eight
towns Btayed open as the holidhy
was not mandatory the later part
of last weefc^ *pb*ces where
Script is being used for a long time,
trundled along unmindful of con
ditions in places where the banka
where either closed or were oper
ating on a restricted basis.
I '
" DRASTIC! ORDERS
\
! J~~~
WASHINGTON. March 8. (JP)—
The prohibition bureau has issued
orders that its agents are not to
molest speakeasies in the future.
Director Woodcock said taht such
>an order bad gone out but would
juot give any details at present
•He is planning on issuing a state
!ment later.
1
| CONGRESS TO RZjgMEVE
BANKING SITUATION
-— ,
WASHINGTON, March 9 th. (A*)—
The 73id Congress was called into
extraordinary session at noon to
day. to enact legislation to relieve
immediately the banking situation,
the last of the four day holiday
under the Roosevelt proclamation,
but may be extended.
The new currency bill will not
have gold backing, but it will be
issued on the same basis as Treas
ury notes, which are backed by
government bonds.
Chairman Steagall of the House
Banking Committee, ‘believes that
the National banks will be the first
to open, the State banks following
closely afterward.
General foodstuff prices are re
maining about the su^ne. Pork
dropped in Chicago after an earl
ier rise. President Roosevelt said
he was gratified at the outlook.
RJKX>MMKNDb APPOINTMENT
DEMOCRATIC GOVERNOR
IMMEDIATELY FOR ALASKA
JUNBAU, March 9 th. (A*)—The
Territorial House passed a resolu
tion addressed to President Roose
velt, recommending the immediate
appointment of a democratic gov
ernor who is conversant with the
needs of the Territory.
The Senate passed a resolution
orglng the appointment of only a
bon I fide Alaskan, one of tlbose
■who live in the territory and who
are not merely former residents,
to various positions.
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