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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
Dec 06, 1932
Page
3
The piece argues the U S should finance via interest bearing notes, not inflation prone greenbacks, and critiques European debt relief claims. It praises Roosevelt for clear answers, notes U S naval lag, and calls railroads to innovate using right of way for fast, low cost passenger service.
El Taos will host the annual meeting of the Marillo Bar Association Friday night. Harry Lawther of Dallas will deliver the ABA president’s address. Officers for the new year will be elected, with Otis Trulove serving as retiring president.
In Twickenham England a baby boy weighing 31 ounces at birth died after being fed through a fountain pen. The infant’s death was reported as a recent discharge from a local hospital.
The famous Constitution will depart Washington to sail to the Pacific on a goodwill trip carrying navy beans sugar and a full cargo of staples. No gunpowder remains on board magazines are repurposed to store food supplies for the voyage.
Real estate dealers report six vacant houses disappear weekly in Atlanta. City council member George B. Lyle plans to seek six temporary police aides to guard empty properties as fuel speculation may be driving removals.
Mrs Lulu Beil Kelley 49 died Monday at home 809 Harrison Street. Services were 2 30 PM Tuesday at Boxwell Brothers Chapel with Rev J T McClure officiating. Burial Llano Cemetery. Survived by husband Virgil Kelley three daughters Mrs C E Lemmons Hamlin Mrs C L Harman and Mrs Eugene Oglesby Amarillo and son A D Kelley Stamford.
President Hoover dedicated a section of his message to banking reform, calling widespread changes a national necessity for recovery. He argued the system, not individual banks, is unstable and drains progress, while warning against inflation of government influence in banking and stressing reforms should be pursued at the current Congress session.
President Hoover urged cooperation with foreign nations to restore world trade and peace, opposing suspension of December 15 war debt payments while seeking methods to ease temporary exchange difficulties. He linked currency stability to recovery, warned against destructive trade barriers, and proposed broad reforms to finance a balanced budget.
Rome reports Italy will send a mission to the United States to negotiate a new debt settlement after Roosevelt's inauguration. The move follows the Fascist grand council demand for a complete clean slate on reparations and war debts, and Italy's December 15 payment of 1,245,497 dollars.
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