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BANKS SUSPEND FOR TIME. Comptroller of Currency Closes Two Institutions at Emienton, Pa. Oil City, Pa., April 24.-The Farmers' National Bank of Emlenton, with a capital of $50,000, and the First National Bank of Clintonville, with a capital of $25,000, both in Venango county, were closed today by the comptroller of the currency. It is believed the suspension is only temporary.
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TWO PENNSYLVANIA BANKS CLOSED. on City, Penn., April 24.-The Farmers' National Bank, of Emlenton, Penn., with a capital of $50,000; the First National Bank, of Clintonville. Penn., with a capital of $25,000, both in Venango County, were closed- to-day by the Controller of the Currency. The Clintonville institution is said to be a subsidiary of the Emlenton bank. It is believed the suspension is only temporary, and that the stockholders and depositors will lose nothing.
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Two Pennsylvania Banks Suspend Oil Ciy, Pa., April 24.-The Farmer National bank of Emlenton with capital of $50,000, and the First National bank of Clintonville with capital of $20,000, both in Venango county, were closed today by the comptroller of currency. It is believed the suspension is only temporary.
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Two Banks Closed. Oil City, Pa., April 25.-The Farmers' National bank, of Emlenton, Pa., with a capital of $50,000, and the First National bank, of Clintonville, Pa., with a capital of $25,000, both in Venango county, were closed by the comptroller of the currency. It is believed the suspension is only temporary and that the stockholders and depositors will lose nothing.
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Two Pennsylvania Banks Suspend. The Farmers' National bank, of Emlenton, Pa., with a capitol of $50,000, and the First National bank, of Clintonville, Pa., with a capital of $25,000, both in Venango county, were closed Friday by the comptroller of the currency.
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LATE NEWS FROM YOUR OLD HOME STATE PENNSYLVANIA NEBRASKA NEW JERSEY OIL CITY, Pa., May 3.-The Farmers' MERCHAN TVILLE, N. J., May 3.YORK, Neb., May 3.-A telephone National bank of Emlenton, Pa., with a William Gilligan, Charles Marlin and message to county officials from Polk capital of $50,000, and the First National Thomas Ferguson, boys of 18 years, says that Tewell brothers' store was bank of Clintonville, Pa., with a capiall living in Camden, were committed broken into and $400 worth of general tal of $25,000, both in Venango county, to the county jail by Mayor Longmerchandise was stolen. were closed by the comptroller of the streth. The boys were arrested by currency. The Clintonville institution Constable Nuss of Pensauken township, FULLERTO-The crops in this lois said to be a subsidiary of the Emlenwho charged them with breaking street cality are looking fine, while the promton bank. It is believed the suspension lights of the Public Service system. ise for a splendid fruit crop was never is only temporary and that stockholdbetter. All kinds of fruit trees are Ivill CLAYTON-Mayor Nichols made a ers and depositors will lose nothing. of blossoms. raid on a resort known as "Rumdums' Retreat" here and landed more prisonSHARON-The Shenango Valley steel PLATTSMOUTH-V J. Schnelder and ers than the lockup would hold. With mill of the Carnegie Steel company reMiss Mary Bloetzer were united in martwo or three men to a cell the prisonsumed operations in all departments at riage by Judge A. J. Beeson in the home ers soon started a fight, and the mayor New Castle, affording employment to of J. J. Schneider near Cedar creek, this gave them a hearing at once and fined 1500 men. The plant has working each $15.75. All of the prisoners paid county. one-third time for the last four mouths. except Eugene Bennett and Wilbur BEATRICE-Mrs. M. Righter, owner Stewart, who were taken to Woodbury HASTON-Rev. A. A. De Long, forof the Lyric theater at South Omaha, jail to serve sixty days. mer pastor of the First United Evanand who has also conducted the Lyric gelical church, this city, died last night, ELMER-The nude "wild man" who at this place for some time, sold her aged 62, of a complication of ailments. has been seen from time to time in Omaha theater to a Mr. Savage of He moved to this city from Mt. Joy. the woods hereabouts was spied again Plattsmouth. yesterday by Aaron Whitney from the STROUDSBURG-The forest fire that car window of a train running through WEEPING WATER-A very heavy had assumed such dangerous proporthe woods from here to Aura. Whitrain storm visited this locality, accomtions on the Pocono mountain back of ney saw the man washing himself in a panied by considerable hail. The fruit McMichael's, is under control. pool near the tracks. blossoms will be thinned out some, but the rain will do a world of good. Some SELINGS GROVE-At the residence GLASSBORO-Russell Moore, a 14farmer are planting corn. of the bride's parents at Mt. Pleasant year-old boy of this place, was sent to Mills, Miss Margaret Catherine, daughWoodbury jail on complaint of C. G. TECUMSEH-Rev. H. J. Bailey, for ter of Dr. and Mrs. M. Rothrock, was Justice of Pitman, who charges him several weeks rector of Grace EpiscoII. .rried to Rev. Calvin P. Swank of with cutting shade trees at Honey pal church of this city, as well as of Brook Lake. Highspire. Rev. E. J. Taylor of Selins the church of the same denomination Grove performed the ceremony. MANTUA-Samuel Kean of Mantua, at Auburn, will no longer officiate at the church here. He was relieved of will start next month for the gold fields YORK-Worrying over the death of of Alaska, and this will make his ninth duty here last week. his 16-year-old daughter two months trip to that country. During the past ago, Nathaniel Devinney, aged 44, of WYMORE-The Burlington shops nine years he has traveled 117,000 Seven Valley, hanged himself in his miles. shut down for five days. Work, when room at the almshouse. resumed, will be but the first three days of the week, and the men will work but MOUNT NEBO-At a meeting of the OKLAHOMA eight hours a day. Several of the maRawlinsville Campmeeting association chinists have left town to seek work of the Methodist Episcopal church in other places. it was decided to begin the campmeetMUSKOGEE, Okla., May 3.-The ing August 4 and close it August 13. Union Life Insurance and Trust comBEATRICE-Charles Jones of this pany, which was granted a charter at city will begin the manufacture of autoDARBY-The members of the Elsie Guthrie," with Ira I. Reeves as presimobiles within a short time. He will Rebekah lodge, I. O. O. F., the woman's dent, is the first life insurance comorganize a stock company capitalized branch of the Independent Order of Odd pany to be chartered in the state. At for $75,000, which will be composed Fellows, of this borough, have made the same time the Union Accident Inlargely of local capitalists. Work on preparations for the celebration of their surance company was organized as a the new factory will be started at once thirteenth anniversary at Odd Fellows' branch of the life company. The for. and Mr. Jones says that the actual hall, Main street. mer is capitalized at $150,000 and the work of manufacturing automobiles
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OIL CITY.-The Farmers' National bank of Emlenton, Pa., with a capital of $50,000, and the First National bank of Clintonville, Pa., with a capital of $25,000, were closed by the comptroller of the currency. It is believed the suspension is only temporary, and that the stockholders and depositors will lose nothing.
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Neighborhood Notes. Warren has an epidemic of whooping cough. Tidioute is still somewhat inclined to the notion of having an "Old Home" week. The Latter Day Saints, commonly known as Mormons, will open a mission in Greenville. The Cooperstown Harvest home will be held the last Saturday in August at Boal's grove, two miles north of Cooperstown. Mrs. Elizabeth Shoemaker celebrated the 102d anniversary of her birth, at her home tour miles east DuBois, on Saturday August 1st. But little hope is entertained by the attorneys of Mike Holka for securing a new lease of life for the little Austrian under sentence to be hanged at Franklin next Tuesday. By a vote of 87 to 58 the citizens of Rimersburg have passed favorably upon a proposition to bond the borough to the amount of $10,000 for the purpose of putting in municipal water works and fire protection. Late Thursday afternoon at Rynd Farm, Charles Crane, aged 13 years was drowned in Oil Creek, having been seized with cramps while in swiming with two boy companions. The body was recovered in about 12 feet of water in a short time. According to an exchange from all indications Center County will have the largest crop of peaches this season ever grown in this section. One grower in the county will have a crop of at least 10,600 bushels. Apples, plums, pears, small fruits and berries are prolific. Amos Martin, 110, veteran of three wars, who lived in three centuries, is dead in New Castle. He had not been ill a day of his life until the day of his death. Martin was born in Scotland in 1798 His first service was during the war of 1812. He also served through the Mexican and Civil wars, being wounded at the second battle of Bull Run. The receiver of the First National bank of Clintonville, which closed its doors several weeks ago, has declared a 50 per cent. dividend, which will result in $75,000 being returned to the depositors of the bank. It is thought that the depositors will realize from 80 to 85 per cent. on their deposits. The affairs of the Farmers' National Bank of Emlenton are also shaping themselyes well, and the plan of reorganization has met with approval by all interested. It will not be necessary to levy an assessment on the stockholders. Miss Anna Peeler of Bradford was arrested on Saturday, formally charged with murdering Roy Warner on Sunday a week ago. Warner was found dead with a bullet in his head and another through the heart, and Miss Peeler exhibited two flesh wounds. She alleged that Warner shot her and then fired the bullets into himself which caused his death. The surgeons who performed the autopsy declared that they were not selfinflicted, and the coroner's jury rendered a verdict of murder by some one unknown to them. During the six months ended June 30 of this year, 5,100 railroad accidents were reported to the railroad commission of Pennsylyania, 525 causing death. The largest number of fatalities in any one month, 102, occured in March, and the largest number of casualties, 886, are reported in February. The average number of persons killed a month, was 88, and the injured 771. Of the total average a month of killed and injured, 642 were employes 71 passengers. The average number of trespassers killed a month was 52 and the injured 57. During the entire six months 227 persons were killed or injured at grade crossings.
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Bank Resumes Business. The Farmers' National Bank of Emleinton, Pa., which was piaced in the hands of a. receiver on April 24 by orders of the Comptroller of the Currency, was yesterday allowed to resume business. having restored its capital stock impaired through bad loans
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Closed Bank Is Reopened. Oil City, Pa.-The Farmers' Nation al bank at Emlenton, closed last April by the comptroller of the currency, was reopened Monday. It was com pelled to suspend through the failure of the bank at Clintonville.
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# EARLY U. S. ACTION # PLANNED ON BANKS New York and Illinois Declare Holidays-Only Four States Unrestricted. (Continued From First Page.) Connecticut took similar action, bring- ing to 43 the list of States in which restrictions on withdrawals are opera- tive in some form or another. Only Montana, Colorado, North Da- kota and South Carolina remained without restrictions at noon today. Delaware's banks were open, but the State Legislature has already taken emergency action. These developments had brought from Representative Rainey, the next Speaker of the House, the prediction that "an extra session of Congress will be called at the earliest possible time." He said he felt that early next week, possibly Tuesday, would not be too soon. Pre- viously Rainey had told House mem- bers-elect to remain in Washington. Others at the Capitol said the session probably would begin Wednesday. The Federal Reserve Bank of New York was closed with all other bank- ing institutions of that State. The Federal Reserve Bank at Philadelphia also closed, under a holiday declared throughout Pennsylvania by Gov. Pin- chot. Later in the day the Minne- apolis Federal Reserve Bank suspended business. The closing of the New York Federal Reserve Bank meant the tying up of its huge gold reserve for the period of the holiday against withdrawal by either domestic or foreign agencies. In discussing the banking relief pro- gram, Senator Robinson said: "We do not know just when it will be completed, but it will be expedited all possible. The details can not be announced right now but you may be assured there will be no delay." Wagner Plans Action, Previously Senator Wagner, Demo- crat, of New York, had told newspaper men he would carry immediately to Democratic leaders an appeal for imme- diate emergency banking moves. In- formed at his hotel here of banking moratoria in New York and Illinois. Wagner said he would appeal this morn- ing to Democratic leaders to begin working out a program and some time this afternoon would call on Mr. Roose- velt with the same objective. A bank holiday, he said, "is the only thing to do" to meet the emergency of the banks themselves, but he added quick steps are necessary to enable them to reopen and continue opera- tions. Harvey Couch, Democratic member of the Reconstruction Finance CorpoΠ³Π°- tion, was the first White House caller this morning. He said after a brief conference with President Hoover he had discussed "matters incident to the banking situation," but declined to give details. Couch conferred last night with President-elect Roosevelt. Officials in Conferences. High officials both of the outgoing Republican and incoming Democratic administrations were in conference most of the night. Secretary of the Treasury Mills said afterward the Hoover administration would have no statement, but that governors of the Federal Reserve banks in Chicago and New York would have announcements. Demands Impossible. The hours between midnight and dawn saw banking officials in many States struggling with the problem, made acute by the flurrying of nervous- ness on the part of depositors. As a statement by the New York Clearing House Committee put it: "The unthinking attempt of the pub- lic to convert over $40,000,000,000 of deposits into currency at one time is, on its face, impossible." The statement added that the condi- tion clearing house banks is such that "they could, through the facilities of the Federal Reserve Bank, pay on de- mand every dollar of their deposits," but that withdrawals throughout the country as a whole have increased so that a "halt" is necessary "to enable the proper authorities to consider and adopt remedies to meet this situation, not for New York primarily, but for the Nation as a whole." Only a few States remained today in which restrictions on withdrawals had not been invoked. No Holiday in Virginla. In Virginia, Gov. Pollard said no general banking holidays would be de- clared because the State's laws already protect the banks and their depositors. In Maryland, the General Assembly early today approved the emergency banking legislation without a dissenting vote in either House. Gov. Ritchie signed it this morning, but said that the banking institutions of the State will not reopen Monday. The resources of the Reconstruction Finance Corporation earlier had been made available to hard-pressed, but solvent banks in States that have imposed moratoria on withdrawals. This was one of a number of de- velopments yesterday that included introduction of legislation to allow postal savings checking accounts and to confer upon the incoming admin- istration sweeping authority to main- tain the security of deposits. Reconstruction Corporation officials said their policy called for lending in- stitutions if the loans were well secured enough money to pay the percentage of deposits that could be withdrawn, provided the banks did not have the funds immediately available. It was emphasized this was not a new departure, but was simply the ap- plication of regulations decided upon for individual instances in the past to a situation spread into a number of States. Pinchot's Statement. Gov. Pinchot of Pennsylvania here for the inauguration issued the follow- ing statement: "Because of the declaration of a bank holiday in New York, Illinois and most of the other States, similar action in Pennsylvania has become unavoidable. "Were our banks to remain open, the demands upon them would impose an impossible burden. "Therefore, upon specific recom- mendation of Gov. Norris of the Phila- delphia Federal Reserve Bank, I hereby declare a bank holiday throughout Pennsylvania on Saturady, March 4, 1933, and Monday, March 6, 1933." Exchange Statement. A statement issued by the Govern- ing Committee of the New York Stock Exchange said: "The Governing Committee at a meeting held this morning in order to give full effect to the banking holiday declared by the Governor of the State of New York directed: "First, that the exchange be closed during such holiday: "Second, that members and firms registered on the exchange be pro- hibited from making any contracts for the purchase or sale or the borrowing or lending of any securities, and also from permitting their offices or facili- ties to be used for the purpose of mak- ing or carrying out any such contracts; "Third, that all deliveries be suspend- ed on all member contracts, except on such contracts as may be cleared by or settled through the Stock Clearing Corporation, and that in such cases deliveries shall be made as the Stock Clearing Corporation shall direct
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GOVERNOR ORDERS TWO-DAY HOLIDAY FOR STATE BANKS By International Nows Service. PHILADELPHIA, March 4.-Governor Gifford Pinchot. from his temporary residence at Washington, D. C., today proclaimed mandatory twoday hollday for all Pennsylvania banks. The proclamation issued at 8:30 this morning through Dr. William D. Gordon, State Secretary of Banking, directs all banks in the Commonwealth to remain closed Saturday and Monday. George W. Norris, governor of the Federal Reserve Bank in Philadelphia at whose behest leading Philadelphia financiers assembled in the early Lours the morning to consider decisive action, said the step was made necessary by the growing list state bank holidays. Although it was believed Penneylvania banks could have remained open under the emergency legislation passed by the Legislature last Monday, of holidays by the governors of New York and Illinois and several other states early today precipitated the crisis, Norris explained. "Because of the declaration of bank holiday in New York, Illinois and other states similar action in Pennsylvania has become unavoidable," the Governor declared in his "Were our banks to remain open the demands on them would impose an impossible burden." "Therefore, on the specific recommendation of Governor George W. Norris of the Philadelphia Reserve Bank, hereby declare bank hollday throughout for Saturday, March 5, and Monday, March 6," the proclamation concluded.