DAILY TROJAN, Vol. 24, No. 94, February 28, 1933
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Editor, Manager Phone RI 4111 Station 221 SOUTHERN CALIFORNIA DAILY TROJAN United Press World Wide News Service Vol. XXIV Los Aneles, California, Tuesday, February 28, 1933 No. 94 •hio Bank Aid ILaws Secured In Record Time S.C. Will Meet Laguna Painter To Give Lecture Here Tomorrow Caltech Debate |ills Give Commissioner Greater Power To Act in Crisis inancial Leaders Hope To Localize Effect On Depositors CLEVELAND. Feb. 27.—(U.P)— lined with two emergency bills [ssed unanimously by both hou-ol the legislature in record ae tonight, Ohio prepared to sist furtjer inroad? of miscon-kenct from banking moratoria in per states. JThe bill? were signed by Govei-|r George White shortly after ssag* and became law at 11:35 In. At tbe same time, the gover-Ir signed another emergency bill Ithor.zing the state superiuten-lot of the building and loan detriment to liquidate building and kn association in unsound or in- kven' condition. |)ne bill provides for relaxation ) present reorganization laws to rmit the state bank comnis-|>ner to take over any bank on te of the board of directors and reopen any bank with permis-tn o! the court of common pleas, le o:her bill endows the state iking commissioner with wide-read powers to limit withdraw-as he deems necessary in any lor a maximum of two 60-periods. Hopeful Reaction Seen jankers here felt today's results >uld have a favorable reaction on future. They pointed to the of the banks to localize the iffection appearing in some cit-among depositors. They made tie utempts to conceal the ef rts that the Michigan bank holi-|y h; d upon Ohio institutions. :ieveland felt the Michigan eit-tion keenly through heavy with-iawals from Detroit commercial Jcounts. Most of the banks limit-operations during the day are the thickly populated north-jstern Ohio area so thoroughly ifiueneed by Cleveland. Karl Yens, Laguna Beach artist, will lecture tomorrow afternoon at 3 o'clock on his pointings that are now on exhibit in the art and lecture room of Doheny Memorial library. The lecture will be carried on in the art and lecture room of the library. It is open to the public. The paintings have been on exhibit for the past week. Among his better known works are: “Swans o* the Holy Grail,” and his conception of “Creation.” These with many of his others are included in the group. Mr. Yens resides at his studio at Laguna Beach most of the year. Squad Tonight First Decision Contest of Season Will Be Held In Porter Hall Navy, Interior Heads Chosen Roosevelt Pic »;s Swanson And Ickes for Two Cabinet Posts Ink I ^nnsylvania Adopts Emergency Laws HARRISBURG, Pa.. Feb. 27.— ['.I'i—A resolution permitting Pennsylvania banks to pay only a per-[■entAge of their demand deposits , as passed by the legislature to-light and signed by Governor ’mchot. The step to “save the banking Structure of the state” became effective immediately. Under the program banks desiring to limit withdrawals to a Specific amount, to be set by the (<tate secretary of banking, may lo so without the danger of being declared insolvent. Baltimore Heads •ail To Agree BALTIMORE, Md., Feb. 27.— L'.P*—Financial and business leaders failed here tonight to agree on terms of emergency legislation stabilize banking conditions and is a result the Maryland tvink Iholiday may be extended until [Thursday. The three day holiday was to haw ended Wednesday. Little Rock Banks [Allowed to Close LITTLE ROCK. Ark., Feb. 27.— I (l\P)—The Little Rock clearing house association tonight voted to allow six member banks to suspend regular business for an indefinite period effective tomorrow. Withdrawals will be limited to 5 per cent or $15. No reason was given for the action, which came unexpectedly. It was said the move would tie up all banking activities in the city. HYDE PARK. N. Y.. Feb. 27.— (l'.P)—President-elect Franklin D. Roosevelt increased his official cabinet list to seven tonight with announcement that Senator Claude A. Swanson of Virginia will be secretary of the navy and Harold Ickes of Chicago, secretary of the interior. He is expected to announce tomorrow or Wednesday that Francis Perkins will be secretary of labor. Daniels C. Roper, secretary of commerce, and Thomas J. Walsh, attorney-general. This will complete his official family. “I picked them because I liked the cut of their jibs,” Mr. Roosevelt explained when asked the reasons for his choices for the navy and interior portfolios. Works on Address With that remark he turned to resume work on the rough draft of his 8-minute inauguration address which he hopes to have completed before he says goodbye within the next 48 hours to Krum Elbow, his birth place in the Hudson valley. Like the appointments of the other members of his official family, naming of Swanson and Ickes occasioned little surprise. Since Senator Carter Glass of Virginia declined a formal invitation, it was felt a place would go to the other senator from his state. Ickes’ name was given out in authoritative circles in Washington last week. Ickes Aid to Johnson Swanson is regarded as a “big navy man.” He is a member of the American delegation to the Geneva disarmament conference, a position he likely will quit soon. He is the ranking Democratic member on the senate relations and naval affairs committees. His appointment is exected to make way for the naming of Harry Flood Byrd, former governor of Virginia to the senate. Ickes, according to close friends of Mr. Roosevelt, has been a personal friend of the latter for more than 20 years, and is regarded as "a great worker for the common good.” He has been identified ln the past, it was said, with activities of both major parties. He is a warm friend of Senator Hiram Johnson of California, Progressive Republican and supporter of the president-elect. Cancellation of War Debt Will Be Upheld by Trojan Duo Debating the California Institute of Technology, an S.C. team will participate in its first decision contest of the season this evening in Porter hall, School of Law, at 8 p.m. Martyn Agens and Trevor Hawkins will represent Troy. The question is, “Resolved: that the United States should agree to the cancellation of the Interallied war debts.” The University of Southern California team will uphold the negative. Judges for Debate Judges for the debate will be: Miss Catherine Lockett of San Pedro high school; Mrs. Tillie B. ! Palmer of Redondo Union high I school; and H. L. Goddart of Fairfax high school. Hawkins and Agen3 won a 2-1 decision from the Whittier college team last .Wednesday before the Whittier student body. They have also debated the University of Utah and Occidental college teams on the same question. To Battle in Pasadena Tomorrow night S.C. will meet Cal Tech in a debate on the interallied debts question in a contest on the Pasadena campus. The Trojan team has not yet been selected, according to Worth Bernard, varsity debate manager. Other meets which have been scheduled for the future include | engagements with U.C.L.A., Stan-j ford, Redlands, Nevada, Arizona, New Mexico, and Colorado. The debate this evening will be free. By-Liners W ill Meet for Dinner At 6 p.m. Today Col. Carl F. White, maanging editor of the Santa Monica Outlook, will be the guest speaker at the monthly dinner meeting of By-Liners, professional journalism fraternity, when members gather tonight at 6 o’clock in the Italian-American cafe on North Broadway. Col. White will tell of his experiences in journalism, both in California and during his regime as magazine editor of the Kansas City Kansan. He was also affiliated as an associate member of Sigma Delta Chi, national professional journalism fraternity at Kansas university. John “Sky” Dunlap, president of the S. C. group, will preside at the meeting tonight. Tickets Selling Fast for Talk Contest Results Are Announced By Quill Group As a result of its regular manuscript contest, the Quill club, national honorary literary society, has invited five successful contestants to attend its next meeting to be held tomorrow night at the home of Marshall Perham, 1128 Stearns drive. It is to be distinctly understood, according to DeWitt Miller, president of the organization, that the acceptance of a manuscript does not carry with it admittance to the club but is merely the first step, final admittance depending entirely upon the members of the club. It is important, however, that all those whose manuscripts have been accepted be present as guests at the coming meeting. In case this is impossible. they should communicate with the chairman of the manuscript committee by phoning FE 5223. The following persons have had their contributions accepted: Kathryne Lane, Frances Anne Mc-Beth, Corine W. Clase, Joy Camp, and Theodore F. Dierks. Knights Burst Into Dance As Sweet Spring Arrives Carl Sandburg To Use Music With Lecture Thursday Night Predicting Carl Sandburg’s appearance on Thursday evening at 8 o'clock will attract the largest literary audience ever to assemble in Bovard auditorium, Marion Darlington, president of Epsilon Phi, honorary English fraternity sponsoring the poet’s visit to the university, annouced today the lecture tickets were going rapidly. With letters from high schools and various organizations, clubs and societies throughout the city asking for seats in advance, the campus is advised to procure tickets now. They may be obtained at the cashier’s window, Student Union, or in the English office, 315 Bridge. General admission is 50 cents and reserved, 75 cents. Combining music with his informal lecture, “Poems, Songs, and Stories,” Mr. Sandburg will play homely folksong tunes of American life on his guitar as well as sing the “lingo ditties” from the hundreds of characters he has met in his long and varied rambles throughout the United States. “The American Songbag,” the poet’s colossal compilation of American ballads, with words, music, and marginal notes, has become an acknowledged classic of the history of the country in song. Since the publication in 1930 of his latest book of verse, “Early Moon,” Mr. Sandburg has turned his attention in the last few years to prose. Having written two volumes on the youth and young manhood of Lincoln, he has just finished a third opus on the later years of the president, centering around his wife, “Mary Lincoln.” In this biography, Carl Ssfndburg has distinguished himself in bringing to light some new material, chiefly from letters. Tomorrow Named Last Day To Take El Rodeo Pictures Priest To Speak At NevvmanClub I ‘•Immortality of the Soul” will be Father J. P. McDonnell’s topic at the meeting of the S.C. Newman club to be held Thursday at the home of Margaret Halff. vice-president of the organization. Miss Halff's home is located at 1041 South Manhattan avenue, one block west of Western avenue. All Catholics at S.C. are invited by John Raymond, Newman club president, to attend this meeting, as plaps for a community breakfast kill be made. ' Raymond emphasized that all appointments for club pictures in the I El Rodeo must be made today. Shatter, shatter, crash, crash! Bang! Bang! The peace and quietude of the Student Union departed for climes unknown; meek little reporters scuttled to the Trojan office for protection—what has happened ? One, braver than the rest, determined to learn the cause of the eruption of noises. Creeping along a dark hallway, the courageous little woman found herself before the office door of the Trojan Knights, campus service organization. Bang! Bang! came the noise through the locked portals. Heavens, was some young and soft freshman learning that he must not Lhe name of the Knights in vain? Was that hysterical laughter the death shriek of slaughtered youth? The heavy oaken panel flew open. She burst into the room and looked around. There was no cringing little lad lying bleeding and torn on the cold bare floor. The only people in the office were three grinning and smirking Trojan Knights. Like the true gentlemen of the old school tvi*t they were, the Knights offered her a chair. (No, they did not threaten her with one.) Then—I repeat, then— the horrible story came out, the story of which only four living people know the truth. These young men were the “Personality Boys” going through their daily dance routine. Although their real names were Dr. X, Mr. Hyde, and Frankenstein, at school they went under the aliases of Joe Bushard. Chuck Van Landingham, and Bert Bailis, as they did not want to be more conspicuous than they already were. Here, exclusive to the Trojan, we print their true statements of their downfall: Joe Bushard—I owe all my ability to my training with the Maudlin Kiddies. Chuck Van Landingham — For my beautiful complexion and my training as a featured artist, I thank seaweed, which I eat every morning for breakfast. Bert Bailie smirks—I can only say now that I owe everything I am or ever hope to be to my membership in the W.C.T.U. “Tomorrow is absolutely the final day that any pictures will be taken for El Rodeo,” states H. H. Gibbon, studio photographer. “All proofs must be returned by tomorrow and all finished work should be called for this week.” Informal pictures of student body presidents of the various colleges, all committee chairmen, debate team members, and members of honorary and professional fraternities will have to be taken before this time. This also applies to class officers in the School of Medicine. The Gibbon-Alien studios will move to 16th and Los Angeles streets to complete taking junior and senior dental pictures the remainder of the week. Campus Groups To Be Photographed in Mudd Hall Today With several groups left to “be shot” for pictures in the 1933 El Rodeo, Walter Roberts, editor, last night announced that the foi lowing organizations should report at the patio in Mudd hall in the following order: 12:15 p.m. N.S.F.A.; 12:20 p.m. community chest; 12:30 p.m. election; 12:40 p.m. international relations: 12:50 p.m. university publications; 1 p.m. constitutional; 1:10 p.m. Student Union. Roberts warned that every member of these committees should report on time as the pictures will be taken in order on schedule. Classified Head To Talk Tonight "Women’s Place in Classified Advertising” will be the subject that Miss Mary G. Halpock, manager of the classified advertising section of the Los Angeles Examiner, will describe to Gamma Alpha Chi sorority members tonight at the Alpha Delta Pi house, 919 West Adams at 7 p.m. At this open meeting Miss Halpock will explain the training and experience such a position requires to the members of this national honorary professional advertising sorority and to others interested. S.C. Club Will Hold Swim Party Today All students and faculty are cordially Invited by the Trojan Outdoor club to attend a swim tonight in the university plunge following an open meeting held at 7:30 in P.E. 205 stated Bill Piguet, president, last night. At the meeting a new vice-president will be elected; plans for future horseback rides, hikes, and parties will be formulated: and committees to attend to the various functions of the club appointed. Tryouts for Radio Play This Afternoon All students interested in taking part in the radio dramatization of Dickens’ “Tale of Two Cities” will try out in Touchstone theater today and tomorrow between 3:30 and 4:30 o’clock. Broadcasting of the play will begin March 10 and will continue in a series of one broadcast each week. Senate Passes Bankrupts’ Aid Measure, 44-8 Extended Measure Will Apply to Railroads; Agreement Sure Bare Quorum Is Present To Vote for Vital Relief Proposal WASHINGTON, Feb. 27.—(l’.P)— The senate acted tonight to ease the load of debt left in the wake of the depression by passing the sweeping LaGuardia - McKeown, Hastings bankruptcy reform bill aimed at relief of individuals, farmers and railroads. Before approving the bill al- ! ready passed in slightly different form by the house, the senate ex-I tended it to railroads by adopt- I ing an amendment by Senator j Daniel O. Hastings, Repn., Del., | its senate sponsor. ! The vote on the passage of the bill was 44 to 8. Okehed by Presidents Voting against the bill were seven Democrats and one Republican, while 22 Republicans and 22 Democrats supported it. Railroads were included by a vote of 42 to 15. The measure now goes to conference with the house. Pinal enactment appears assured. President Hoover’s signature is certain as he initiated this almost revolutionary legislative act to check a threatened wave of bankruptcies. President-elect Roosevelt approves it. By adding railroads to the measure, the senate made it conform more nearly to that passed by the house, although the senate railroad provisions are slightly different from those of the house. Permits Agreements The senate bill does- not provide, as does the house measure, -for corporation reorganization. Hastings consented to withdraw an amendment to inc’ude corporations other than railroads because of opposition in order to speed passage of the bill. In brief tha bill permits individuals, by consent of a majority of their creditors, to enter agreements for readjusting their debts and reorganizing subject to federal court approval. Farmers may do likewise, but conciliation commissions in the counties where they live act instead of the federal courts. The theory of the measure is to pare down debts and salvage something from the depression wreckage without recourse to actual bankruptcy. Auguste Piccard Will Talk To Students This Morning At Regular Assembly Period Japan’s Upper !| Noted Phys^»tJ Stratosphere House Memher IIMh: Exolorer Wi House Member To Talk at S.C. Senator Inazo Nitobe To Speak at Assembly Hour Tomorrow Senator Inazo Nitobe of the imperial house of peers, Japan, will be guest speaker at the student assembly tomorrow morning, it was announced yesterday from administration offices. President R. B. von KleinSmid will preside at the assembly. Senator Nitobe has had a long and varied career in numerous fields, although his activities of late have principally been concentrated in the field of international affairs. For eight years he served as under-secretary general of the League of Nations and was the league’s liaison officer on the intellectual cooperation committee. For the past several months Dr. Nitobe has been in southern California and has been a frequent speaker at conferences and dinner here. Last December he was a featured guest at the World Affairs institute in Riverside, and last week he represented the Japanese point of view in World Affairs symposium sponsored by the university at the Philharmonic auditorium. Dr. Nitobe is alumntu of numerous colleges and universities in three countries. He was educated at the Imperial university of Tokyo, then spent two years at Johns Hopkins, proceeding to Germany for more advanced studies. Returning to his native land, he taught at two universities and was finally made president of the Women’s Christian college of Tokyo. Reception Plans To Be Made by Alpha Eta Rho Alpha Eta Rho. national Aviation fraternity, will hold a business meting following their luncheon at noon today in Student Union, 422. Plans for a reception for the noted scientist, Prof. Auguste Piccard, will be discussed. A reception and arrangement committee ha already been chosen by Joe Rindone, club president. Dean Reid L. McClung and Earl W. Hill, advisors of Alpha Eta Rho, will also act on the committee. Besides the discussion about Mr. Piccard’s reception, plans for the annual fraternity dance and the porgrams to be given at the semi-weekly luncheon meetings will also be discussed. “Todays meeting will be devoted to important buisness factors and should be attended by every member,” according to Joe Rindone. Prof. Auguste Piccard, noted penetrator of the stratosphere, will address the students today at the assembly. He will be introduced by President R. B. von KlelnSmld. Balter To Talk To Pre-Legals Blackstonian Is Sponsor Of Dinner Meeting Tomorrow Night With H. G. Balter as the feature speaker on the program, the all-university pre-legal dinner will be held tomorrow evening at 6 o’clock in the Women’s Residence hall under the auspices of Blackstonian, national pre-legal honorary fraternity. “Responsibilities of the Lawyer in the Changing Social Order” will be the topic of the talk to be given by Mr. Balter, who is the assistant United States district attorney. With a wealth of experience both in his practice and in speaking to work on, Mr. Balter is an interesting lecturer, according to Malcolm Alexander, who helped in bringing the speaker to the campus. His message will be of interest to pre-legal students, but all students and faculty members who are interested in the topic are urged to be present by Alexander. The program will be supported by two baritone solos by Ebbe Gyldenkrone, Danish baritone. He will also offer a group of accordion selections. Tickets may be secured at the University bookstore in the cashier's department, and at the political science office. The price is 50 cents a plate. TOKIO, Feb. 28— (U.P>—Capital punishment for Tomeo Sagoya. who on Nov. 14, 1930, fatally wounded Premier Yuko Hamagu-chi, was decreed by the appeal court today. Britain Puts Embargo on Arm Shipments to Japan LONDON, Feb. 27.—(UP)—A provisional embargo on further arms shipments by Great Britain to the far east was announced in the house of commons today by Foreign Secretary Sir John Simon. The announcement came during debate on the far eastern crisis and action of the League of Nations in condemning Japan for her military activity in Manchuria since September, 1931. Debate was marked by bitter attacks on Japan’s Manchurian policy, particularly from the labor and liberal benches. Their demand for an arms embargo on shipments to Japan set the house in an uproar. Sir Herbert Samuel, liberal leader, urged the government also to “withhold any aid and assistance of every kind from Japan— which has been declared tbe aggressor—especially in the way of loans or credits.” There was some disposition to favor permitting shipments of arms to China but to put the em- bargo at once on Japan Sir Austen Chamberlain, former foreign secretary said: “The mere refusal to supply arms to both parties (China and Japan) may lead to great injustice in this and other cases. If a country is meditating war in defiance of the Kellogg pact (outlawing war) it must be evident she would not take overt action until she had secured what was regarded a3 suffici—t armaments to carry through the campaign. "But a nation not preparing for war is likely to be found short.” Meanwhile, reports in usually reliu'uie sources said the “real reason” for the proposed embargo was a fear in London of the consequences in event the Japanese capture or sink a ship carrying arms and flying the British flag. Sir Herbrrt urged the government to supply information on contracts at present in effect, supplying arms to Japan, which might not be affected by the embargo. Explorer Will Discuss Flight ‘Modern Jules Verne’ and Brother To Tell of New Era in Air Giving S.C. students a chance to hear the ideas that thousands attended the Philharmonic auditorium last night to hear, Prof. Auguste Piccard, stratosphere explorer and physicist, will speak at the student assembly in Bovard auditorium this morning. Hi3 subject Is announced as "The Stratosphere and Aeronautics/' Dr. Frank C. Touton, vice-pre> sident of the university, will introduce Prof. Piccard and his brother, Jean Piccard, to the audience. Willard G. Smith will play organ selections to introduce and clase the program. His numbers will be “Dawn,” by Jenkins, and “Finale In D,” by Rogers. Makes Predictions Referred to as the “20th century Jules Verne” for his romantic daring in essaying a flight to regions hitherto unapproached by man, Prof. Piccar /did not hesitate, on his safe return from 10 miles and more of uward flight, to predict a new era of speed in communication as a result of explorations ia the stratosphere. A partial statement of the predicted effect en aernonautics waa given by Prof. Piccard in recent interviews when he said that the decrease in atmosphere density In the stratosphere would enable a plane to travel three times as fast on the same amount of fuel as ordinary air transportation demands. In other words, our present speed of 200 miles an hour would become 600 in the stratosphere. Weekends ln Paris would be commonplace. Prof. Piccard’s flight last August was made primarily ln the interests of science, and while in the stratosphere he was able to mak« valuable observations that will throw light on the problem of cosmic rays. Visiting In California While the aeronautic significance of Prof. Piccard’s flght was not primary in his own mind, lta importance is by no means lost on him, as his prediction shows. His own researches regarding the construction of his balloon Involved the preparation of an air-tight chamber and compressed air reservoirs. Prof. Piccard ls ln southern California for a comparatively long visit, and will speak in many cities ln this vicinity. He is due to lecture at the PlHlhanno»i« again next Saturday. Y. M. Meeting TomorrowNoon In order not to conflict with the pre-legal dinner program, the Y.M.C.A. weekly meeting will be held tomorrow noon at the “YH headquarters, 801 W. 34th street instead of the evening, according to Malcolm Alexander, president. It will be entirely informal. Box lunches and chocolate will be served. Musical entertainment will b« included on the program. A cabinet meeting of the “Y-held today noon to arrange plane for an over-night mountain eabia trip March 10-11. Reservations tor th“ luncheon tomorrow must be made by 9 o’clojck Wednesday morning at the “Y” office. Uprisings in Cuba Spread to Interior HAVANA, Feb. 27.—(U.P)—An intensified campaign of terrorism ostensibly aimed at the Cuban government has switched from Havana to points in the Cuban provinces. Two trains have been robbed, ! telephone and telegraph wires cut, j bombs placed in the homes of l leading provincial residents, build- '■ ings stoned, demonstrations staged at various points, and thous- i ands of acres of sugar cane burned within the last few dayg. I
|Title||DAILY TROJAN, Vol. 24, No. 94, February 28, 1933|
Editor, Manager Phone RI 4111 Station 221
World Wide News Service
Los Aneles, California, Tuesday, February 28, 1933
•hio Bank Aid ILaws Secured In Record Time
S.C. Will Meet
Laguna Painter To Give Lecture
Here Tomorrow Caltech Debate
|ills Give Commissioner Greater Power To Act in Crisis
inancial Leaders Hope To Localize Effect On Depositors
CLEVELAND. Feb. 27.—(U.P)— lined with two emergency bills [ssed unanimously by both hou-ol the legislature in record ae tonight, Ohio prepared to sist furtjer inroad? of miscon-kenct from banking moratoria in per states.
JThe bill? were signed by Govei-|r George White shortly after ssag* and became law at 11:35 In. At tbe same time, the gover-Ir signed another emergency bill Ithor.zing the state superiuten-lot of the building and loan detriment to liquidate building and kn association in unsound or in-
|)ne bill provides for relaxation ) present reorganization laws to rmit the state bank comnis-|>ner to take over any bank on te of the board of directors and reopen any bank with permis-tn o! the court of common pleas, le o:her bill endows the state iking commissioner with wide-read powers to limit withdraw-as he deems necessary in any lor a maximum of two 60-periods.
Hopeful Reaction Seen
jankers here felt today's results >uld have a favorable reaction on future. They pointed to the of the banks to localize the iffection appearing in some cit-among depositors. They made tie utempts to conceal the ef rts that the Michigan bank holi-|y h; d upon Ohio institutions. :ieveland felt the Michigan eit-tion keenly through heavy with-iawals from Detroit commercial Jcounts. Most of the banks limit-operations during the day are the thickly populated north-jstern Ohio area so thoroughly ifiueneed by Cleveland.
Karl Yens, Laguna Beach artist, will lecture tomorrow afternoon at 3 o'clock on his pointings that are now on exhibit in the art and lecture room of Doheny Memorial library. The lecture will be carried on in the art and lecture room of the library. It is open to the public.
The paintings have been on exhibit for the past week. Among his better known works are: “Swans o* the Holy Grail,” and his conception of “Creation.” These with many of his others are included in the group. Mr. Yens resides at his studio at Laguna Beach most of the year.
First Decision Contest of Season Will Be Held In Porter Hall
Navy, Interior Heads Chosen
Roosevelt Pic »;s Swanson And Ickes for Two Cabinet Posts
^nnsylvania Adopts Emergency Laws
HARRISBURG, Pa.. Feb. 27.— ['.I'i—A resolution permitting Pennsylvania banks to pay only a per-[■entAge of their demand deposits , as passed by the legislature to-light and signed by Governor ’mchot.
The step to “save the banking Structure of the state” became effective immediately.
Under the program banks desiring to limit withdrawals to a Specific amount, to be set by the (