Show news review of current events the world over Cow congress 0 ress passes legislation asked by ill resident to end the banking crisis Japa japanese complete the conquest of dehol by EDWARD W PICKARD E EXPANSION of the currency to the extent of billions of dot do lars lara will result from the legislation which Pre president aMent roosevelt aeed of tile ext session of congress and which was en 4 abed within a few hours bours after the new congress was convened on 11 hum day allardi 9 ahe new currency la Is based not on gold w hut but on the liquid of the alie bonks banks life ibe plan was de becy sod after long g hows bours of conference by the dent Secret secretary nry of the treasury am it 11 woodin and a number of financial advis pro of the adain admin and it wits the niala fui fla ture of their solution of the bank tag ing crisis that was paralyzing the nation the other chief points in the leg isolation Islat lon which the president callo called d for in his brief but spirited ines message sage m wire tre continued suspension of gold pay amento and embargo on exports of gold clothing of the president with ith the powers of a financial continuation combination if the national nation rl bank ing holiday wholly or in part pari pend ins ing complete reopening of the banks of the tank holiday proclamation of march 0 5 and all measures adopt eoll by the treasury to curry carry it into effect klause tile the new Is not backed by gold it la Is called federal reserve bank notes to distinguish it from federal notes are backed b gold the net creating the new currency libe ralles tile the provisions of the glash net by alion allowing ing banks to issue notes ath no got gold reserve behind view I 1 1 lie notes thus issued are bak bakial iol onla by states bonds in the same vinti ncr as national hank bank nolis issued by national banks it further liberal ies ca section lun of the fc deril ro re serve net act na as by the glass Sten giH act so REI nor to enable banks to obtain currency on liquid is as sets bets of a character not previously eligible one of the effic ts of the legisla A con alon will be to brodice froal ice a banking only member banks of the fedral reene rc system are able to adall of the illges afforded afford pd by this legislation to convert previously inelia ible into currency state banks are compelled to join the federal tem in order to obtain the funds that will enche them thein to reopen another forean efta la ili the weeding out of neak hunks banks insel unable to furnish as I 1 f for currency ft ill be unable to reopen others ill lie he able to re plain to the extent ot of their liquidity pending nt at least a fry ery of general public confidence in banks legislation to stop hoarding also was considered by congress and raea suris for reaching and punish ing the boarders hoar ders of currency withdrawal of del brought on the panic and caused the closing of the banks wre disca sed by the ad administration finist ration and leaders of the and house As a preliminary move in ibis flits direction the reame board at the in stance or of mr loosevelt noo sevelt sent tel telegraphic orders to nil fe federal derrol reserve banks to furnish by march 13 llis of persons who have with drawn drann gold rime I 1 and ald had riat by that time their goli folt foll da ans there aas ft us considerable confusion concerning the bank ing sitti situation atlon mainly tiLe ause of ulf dif fer enLes be beleen teen the P esi residents dents fl irant ion and the orders issued by goer governors nors of various arlous was especially true in new lork and illinois day ly by day secretary issued orders modifying thoe thoc tho e c n the go a pr bior clo ising down don all banks but there was much of ills regul irions regarding nR limit ing n opening of the institutions clearing houses were busy holding ho dins meetings but filled filed to live up to their name hy by clearing clear lne up the situation and the banks were ere tain lain of both their voiers and their responsibilities in ninny cities slid and towns bunks banks ver open to curry carry on limited activities tivi ties that were required to pro vide tide food foodstuffs and end and for the meeting of pay rolls the country prepare blons efte for the issuance of scalp pending the receipt of the hut authority hority from wash ng ig ton secretary booda however ruled scrip though ho he sanctioned the issuance in various to lo of clearing bouso cates against sound essers of banks for use as an emergency circulating medium ledlum ri despite nil all tile confusion anil aal in convenience the american public remained fairly calru and appeared to have confidence tn in president and his advisers the th general felling was ana tint ord the vigor oiin u new I 1 chief ahle executive would bt be able to devise competent measures for temporary tem eclief of the altun HOT land and to furie fora their adoption by conan ong rss kollo NOng tie of tile the legislation for tile reopening opening rc of tile the hanks banks the president naked congress for authority to cut IID an estimated TOO out of government expenditures tures by cutting government salaries up to ia per cent and by drastic lara in payments to it Is expected that an other will ill be saved by the and combining of many government govern authorization for which was wag passed in the doling closing dalys of last con greag membership of din in the house of representatives gives then an unwieldy majority and the pertain e ri sequence Is intra party wrangling at if resent tile alie control rems to be tn in the ff hands of speaker henry kalne and two allies allic a floor eador and 01 tin tender lender of the A tammany Tn romany deleba ti jiin in frow fro in new opposed to them Is ft i faction head headed edby by si shaher taker of ala Me Duffle rainey blima who ilo sought vainly to tw be elected sp it was nag said several of the ababio inn a most active were quietly in formed that they be by being from important committees to minor assignments so bittor james jumpa hamilton I 1 lewis en Is of illinois vas bui egued whip of tile the majority in the senate and senator joe ibinson of arlan sits BUS ans SLI to be biinte wider also alio parte nut hilty was mas made stronger than it tins hns been for bunny years tile caucus CUS aried that the vote of any future upon any measure by the ident he binding upon all except aho vho ho excused thin belies from froin for cause it was uns further ali afi it a simple Bli niile major ity instead tend of the more aimoni ry two thirds majority chuld ninke tile the action of the caucus bind ng ilg and that two thirds of the number of democratic sell tars should constitute it ft caucus the caucus furt liei chose senator kendrick of wyoming at as leader genitor key icey littman as democratic cand candidate for pr president eIdent I 1 iro ro tempore tero pore I 1 dward hilsey as can didace for secretary detary of tile the senate IV W furna as candidate for at arms nil and I 1 L L biffle na its secretary to tho majority D its brief palal pc lal session that cov ened on ni d div i v the sf sinate nato confirm 1 these appoint ment inc ants by the president prof moloy of colim lili as nn an assistant of state 11 of massachusetts ns as of state ahn hi rill tie lie dir directly etly in charge and becot nt able to secretary llull hull albur 3 carr of new ew lork ork re as assistant stere secretary tary of state henry Morgen thiu jr of new lork dewber of tile the rel leral farro farm board F t of 1411 S bitti iitti tI carolina nien itier of if tie federal home loan bank lotard conrd T ill of anns member of the hume home iwin ian board F poll 01 ING out olit tile the campaign plan devised d by aleut 11 nan an hunt akl aki kriso the tie printes vir completed tile conquest of the province of je liol hol the hl bt use governor sorer nor neil fled nind ak nil all the chinese troops were ere forced out oot artar a last dl aishe str a nj Kou a baafi III in the great jneane japanese e planes 0 first rat hom bed it the I 1 e chintee positions there and then t li e n general han hanhart hara s gen am brigade took tooh the place ithe ibe capanes thug ahti s boulet coulet ion i let cd A the seizure of 2 0 in billos 1 avs of the reat aall all dins from thu the in ner iner minnolla Mon nolla to tile hie ello pia the chinese led fled toi townsil nord ItI I 1 pIn and tile the confuso n anti in that city led the to establish law jam he m ald tiley they would not husli oil an to tc I 1 oiling iliin unless forca 1 I t hv by if figall alq count in hint flint tit lit mar far phal hung hiang hsueh ming vas ae severe arc ly criticized for the 19 1 9 of ithol and as mIt mittory tiry of north III china accepting the he til ill nod and ticking asking that the K g ernnie nt relieve him of nil all h his I 1 a posa maxim foreign co ninita sar of russia bluntly informed the alic I 1 angue of nations that tile soviet government would not in the doings of the league coin cittee met act up to nan barille lie the woo japanese quarrel I 1 in loa las angeles section of soil south th tern ern california cover covering lug an area from ventura on the north to san an diego on the south bouth and extending inland for some SO 80 wiles miles suffered earthquake bhoola on friday evening march 10 lapsing deaths lauttie le uttie injury to more than 4 loo and property loss loaa running into the millions between 5 53 and 10 59 14 dis violent shocks chocks lind had occurred the first one of which did the greatly part of the damage and caused all the losa 1083 ot of life LOUR long ikach suffered tile the greatest loss of life and proportionately tile the greatest grent cat property damage at that point GI 65 people were killed and tin 1000 I 1 WO injured at los loa angeles 12 people were killed and some BOW were in aured other towns suffering severe which deaths oa dmd were watts 4 lead campton 13 dead santa ann ana 3 dead huntington park 12 dead san feao vedro bedro 2 dead wll wit mIngto in I 1 lead dead bellflower Bel 8 3 aad 4 lead dead lier ll ermosa inosa lunch I 1 dead garden grove I 1 dead wal nut park lark I 1 dead Nor norwalk walh 1 dead I 1 ire in many of the towns and es ea rectally long neach beach and los loa angelen added to the terror but folt bately the water mains were ere not seriously damaged and the firemen w were ere able to r ope rope with the flames it II chular army troops at rort fort me arthur were ordered to ta operate cooperate co with bilth the police in preserving order and ships of the navy from san sail diego were ere dispatched to points a long along tile the const to render reader aid rimal surgeons providing provid ingald aid and medicine for the injured the governor of nf california ordered rational guard troops to maintain order I 1 it was vias generally admit ted that the world disarmament conference in geneva was waa in a bad way the british started to mcke a last to revive it or at least to sal vage something from its work with ti Is to in mind prime minister macdon tift eDoll told aid and sir jolin john simon foreign see sec re went to tile sa s1 salsa iss city to sf me e wh it could be done they denied they had any definite tilte premier pi ill in of action hut but goiri M MacDonal cl they hoped to get premier Irti uler Dai cf france and chancellor littler hitler of germany to ettler git er on some ement that would out present the otter breakdown af tile conf rence sir john c Q onor mor said eald lefore ka lun ing I 1 ondon that one 0 or the issues he and mr take up lip in geneva would he tit fact that no other nations lind had rot fol floied lowed great Brit lead in tin im posing nn nil firms embargo again l china and japan as ie he re lenes britain in a lion which cannot be allowed t continue F seated in power by vie vic tory la in the elections chancellor adolf hitler n now annb iv to rule germany without P illian tary aid for about two enra ill his national socialists hold about 44 per cent of the otes in tile new reichstag and tile the lits hla allies hae 8 per cent alic clec cl octon lon passed riff oft quietly of being the bloody affair the foes of the nazis had predicted llie clinn chan bellor believes that to Is a failure in garmany and now non tins flits the legal tools to annihilate it I 1 liere here were ere many anny indications that tile lie country Is on the wai a to of the monarchy one of this was tile the rapid dmit of the hags flags or of the republic the flags of tile the and of the old en dupire alre being tutta tio ho boeer weser eer fels feli that the restoration must te ie conditions are improved and in this the monarchists agree ith liliu conrod con rog appropriated va walh S HOKU for tie annual ex I 1 it uses or of the bureau of prohibition it that none of the nit doocy ey w is 3 to be on wire tanning tani ing or tile of liquor r e cli lonce 1 I liese iro I 1 ron lons do nut not it conic effective until jul 1 but mis W has ordered them into effect no now point ing out that cases made to t them no nott probably will ill he be after these provisions be bekinnie cinnie ln im vie tie result of the ordia mr woodcock coh said aid will nill mean a coin alte clinnie in enforcement nieth meth oi a and will all cause cante this bureni bureau to operate almost ex ei elusively against the mat mai and tran of 11 burr nils flits nat airall to Is good news nena to tile the operators of night clubs cluba and speakeasies speake asies davit after cor hla his consecutive term in the houe of bopre s hlll n R nood ond of indiana died quite K I 1 in ili new sev I 1 orl ork lie ile ans ns about to sail on 9 two tso months crulie cri crul ile ie of the for a complete c rest after his icing arid ardt ious la in borg in I 1 ash lington 0 mi 1933 pap rin lal n |