RFC seeks broad power to finance industry and trade
Reconstruction Corporation chairman Jesse H. Jones asked the Senate Banking Committee to back legislation granting the RFC power to engage in a general banking business and to finance foreign trade. The plan aims to provide credit for industrial recovery as part of broader RFC functions.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Reconstruction Corporation
Jesse H. Jones
Senate Banking Committee
RFC Board
Jones
RFC
Roosevelt
Federal Reserve Board
Five Touhy gangsters receive 99 year terms in Chicago
The Owl of the Touhy gang and five associates are sentenced to 99 years each for kidnapping and related crimes. Charles Connors, nicknamed Ice wagon, is dead from a gang killing after being accused of stinginess. John Factor testifies that the gang demanded 70 000 dollars for release and abused him for 12 days. Britain plans a substantial air fleet buildup, warning that France could threaten British cities in a single day. The United States faces questions about its air service efficiency with army air mail trials and the need for a unified air force under presidential direction. There are 497 junior colleges in the United States with 106 016 attendees.
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Hart
the Owl
Chicago
Touhy
John Factor
Charles Connors
Shoemaker
Banghart
RFC Bill Expands Loans and Railroad Reorganization Powers
The RFC bill would authorize five year loans to businesses with ten or more employees that meet NRA rules to finance working capital debt reduction and plant improvements. It also allows private banks to participate up to 75 percent in such loans and enables railroad claims compromises with ICC approval. Additional loans may fund self liquidating projects and irrigation drainage expansion.
MENTIONED IN THIS ARTICLE
RFC
NRA
Interstate Commerce Commission
Roosevelts Canal Plans and Ford Wage Policy Highlight 1930s News
The article surveys Roosevelt era canal policies, including acquiring land and funding methods, plus Henry Ford's announcement of restoring the five dollar daily wage across his plants. It notes tenement fires in New York, questions insurer roles, and mentions Delaware enacting a death penalty for kidnappers.
Is This Too Good for Your Cough
An ad touts Creomulsion as a seven in one remedy for coughing claiming quick relief and safety. It warns that mild coughs respond to the medicine but stresses uncertainty about which ingredient works best. The copy promises a money back guarantee if relief is not achieved and cautions toward overuse.
Blue Star Ointment Offers Quick Relief for Itching Skin
An advertisement promotes Blue Star Ointment for eczema rash tetter ringworm and foot itch. It claims to melt into the skin delivering medicines to pores to kill germs and end itching. The product is described as soothing non burning and pleasant smelling.
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