AMERICAN BANKS

Hokitika Guardian, 16 March 1933, Page 5

AMERICAN BANKS

THOUSAND BE-OPEN . DIRECTOR ARRESTED FOR FRAUD United Press Association—By Electric Telegraph—Copyright.) NEW YORK, March 14. • At least 1000 banking institutions throughout the United State s re-opened for normal business to-day, under the Federal and State licenses. Three hundred and .forty opened on Monday. iMany more will resume on Wednesday. Many other bank 6 ar e operating under the restrictions, pending approval by the 'State and Federal agencies.

The pound jumped thre e and oneeighth cents to-day, closing at 345.1-8. The Canadian dollar closed threeeighths down at 83.3-8. It is definitely announced that the ■stock e xchange will re-open to-mci’-row. Certain restrictions will remain in force.

Joseph W. Harriman, chairman of the board of directors of the Harriman National Bank and Trust Company, was attested to-day on a charge of having caused false entries to be made in the books with intent to deceive the comptroller of currency and his agents. The stock' exchange to-day directed all members to be ready to resume business on Wednesday, The restriction apply principally to gold and foreign exchange.

DROP IN TARIFF INDICATED

NEW MINISTER’S DECLARATION

WASHINGTON. March 15

Attacking th e present. United "States tariff system, the new Secretary ol Commerce, Mr Roper, on , Tuesday night advocated a tariff policy “of common sense and common decency’ to other nations. “There *.«■<> differences of opinion as to tariff policies, but I believe the overwhelming majority of the people in America have unmistakably shown that they are tired of a policy that has antagonised every other nation ,in the world,” he declared.