Record Loan Is Attempted
Washington March 1946 Morgenthau seeks a record 2.050 billion dollar loan to cover peace time needs. Treasury offers 70 million in 15 year government bonds and 4 1/2 percent five year notes at 8-4 percent. Proceeds fund cash balance debt service and government operations through September 15.
MENTIONED IN THIS ARTICLE
Washington
U.P
Secretary of the Treasury
Henry Morgenthau, Jr
Treasury
Court to Hear Case on Wagner Labor Act
The Fifth Circuit Court of Appeals planned to hear arguments on the constitutionality of the Wagner Act as applied to Jones and Laughlin Steel. Attorneys sought a ruling forcing the company to honor workers rights to organize and join unions under federal labor law.
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