Roosevelt Eyes Budget Path and Recovery Drive
President Roosevelt reviewed recovery policy and prepared for Congress as talks with Morgenthau and Douglas continued. A proposed federal supervision of communications was discussed with Sosthenes Behn, while Raskob and Deane pushed an employment stabilization plan. He forecast a higher deficit but aimed for balance and a surplus to offset relief costs.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Congress
Morgenthau
Douglas
Sosthenes Behn
International Telephone and Telegraph Company
John J. Raskob
Albert L. Deane
New York
Raskob
Deane
Treasury
White House
Earle Bailie
Mr. Roosevelt
New NYSE Rules Aim to Curb Self Delisting Practices
The New York Stock Exchange announced sweeping changes to listing rules to curb corporate influence on share values. From January 31, 1930, new listings must disclose monthly own share purchases, post December 31 must reveal all existing options on their securities, and from January 31 the stock list committee will probe new issue circumstances to prevent unequal distribution of concentrated holdings. Existing listed companies will be asked to comply. The rule changes address firms trading in their own shares, a practice escalated since the 1929 panic.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Illinois Adopts Sales Tax Plan
Springfield Illinois announces abolition of real estate and personal property taxes for state assessments and replaces them with a two percent retail sales tax. This marks the first major U.S. shift to sales tax funding, with local units still taxing property. The move aims to ease taxpayer burdens, especially in Cook County where overdue taxes mount. The 1932 state tax rate rose to 50 cents per $100, and 1933 rates could have risen further without the sales tax.
MENTIONED IN THIS ARTICLE
Springfield
Ill
Illinois
United States
Chicago
Cook County
Navy to Seek Congressional Authorization for Fleet Build Up
Washington reports the navy plans a 1939 treaty parity strength build up. Congress would authorize building to London treaty limits and president to maintain fleet. by 1939 about 102 ships, including 51 destroyers, 3 cruisers, 24 submarines, 1 aircraft carrier, would be constructed or replaced at roughly 516 million dollars total. Enlisted strength would rise to about 100,000 and Marine strength to around 20,000.
MENTIONED IN THIS ARTICLE
Washington
Congress
United States
Roosevelt
Navy
State Advisory Board Approves Three Public Works Projects
Charleston December 27 Three public works projects totaling over 2.0 million dollars were sent to Washington for approval. The Wheeling Ohio River bridge seeks 1,462,500 in federal funds to employ about 270 workers for twenty months. A Little Kanawha River bridge at Parkersburg requests a 570,000 loan and grant, estimating 203 jobs for twelve months. Mineral County school building at 73,000 would create about twenty jobs for six months.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
Washington
Ohio River
Wheeling
Little Kanawha River
Parkersburg
Road Commission
Mineral County
Women Close In On Endurance Flight Record
Miami reporters note Helen Richey and Frances Marsalis near a new women’s refueling endurance record. Fog and wing damage slowed them yet they plan to stay aloft past 5 08 p m tomorrow to match the eight days four hours five minutes mark. They must remain aloft one more hour to officially break the record set last year by Mrs Marsalis and Louise Thaden.
MENTIONED IN THIS ARTICLE
Miami
Fla
Helen Richey
Frances Marsalis
Marsalis
Louise Thaden
Richey
Daughter of Senator McAdoo Seriously Ill in New York
Mrs. Edward Spencer Cowles, daughter of Senator William Gibbs McAdoo, was reported seriously ill with pneumonia in New York after her transcontinental flight to Atlanta. Her husband, Dr. Cowles, a neurologist and founder of the National Association for Advancement of Scientific Healing, is at her bedside in a Park Avenue hospital. Senator McAdoo, who traveled from Abilene, Texas, said his daughter's condition showed some improvement after reaching Atlanta and planned to stay overnight.
MENTIONED IN THIS ARTICLE
New York
Edward Spencer Cowles
William Gibbs McAdoo
California
Atlanta
Cowles
Nona Hr. McAdoo
Park Avenue
National Association For Advancement of Scientific Healing
New York Polytechnic Medical School
Joint Commission
Protestant Episcopal Church
St. Mark's Church
McAdoo
Abilene
Texas
Vera Ward
Harry Ashe
Morris 15 Denied Plea for Release
Charleston December 27 A Kanawha County circuit judge denied C. C. Morris a writ of habeas corpus to win release from jail. Morris, a former house aide, was sentenced to imprisonment for the duration of the legislature for assaulting Senator Henderson in the senate chamber after a dispute over remarks about deputy sergeants at arms. The judge ruled the senate acted within its powers and that the act could be punished even if the provocation occurred outside debate. Morris remains in custody.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
Kanawha County
State Senate
C. C. Morris
House
Morris
Hender
Doddridge
Senate
Henderson
Atrms
Arthur P. Hudson
Hudson
West Virginia hotel code group named by association
Huntington W Va Dec 27 A code authority committee to enforce compliance with the hotels code was elected today by the West Virginia Hotel association Members are Loren R Johnston White Sulphur Springs L M Gibson Huntington BE W McKown Spencer B W Peyton Charleston and J W Woogell Clarksburg Local committeemen will be chosen in various districts in the state
MENTIONED IN THIS ARTICLE
Huntington
W. Va
West Virginia Hotel Association
Loren R. Johnston
White Sulphur Springs
L. M. Gibson
BE. W. McKown
Spencer
B. W. Peyton
Charleston
J. W. Woogell
Clarksburg
Illinois Bank Refuses to Join Deposit Insurance Plan
Washington reports the First National Bank of Englewood Chicago declined joining the federal deposit insurance pool citing coercion as the only path to participation Treasury head Walter J. Cummings forecast the plan would end bank runs and stimulate business by guaranteeing deposits and freeing reserve needs He noted 5950 non restricted banks would join automatically and 7749 non member state banks sought entry aided by RFC funding.
MENTIONED IN THIS ARTICLE
Washington
Federal Deposit Insurance Pool
Treasury
J. M. Nichols
First National Bank of
Englewood
Chicago
Walter J. Cummings
The
Deposit Insurance Corporation
Congress
Nichols
Cummings
Nichols Bank
Ths
Federal Reserve System
Deposit Corporation
RFC
Mercy Ship Lands In Babe After Night Flight In Storm
A five month old Houston girl Sue Trammell is rushed 1400 miles by air and ambulance to Johns Hopkins for brain surgery. Dr. Walter Dandy plans to operate after tomorrow’s exam as the hospital team evaluates surgical risk. Parents and relatives endure the dramatic night flight and hospital arrival amid stark weather and police escort.
MENTIONED IN THIS ARTICLE
Baltimore
Sue Trammell
Houston
Tex
Johns Hopking Hospital
Walter E. Dandy
W. B. Trammell
Sue
James R. Wedell
Captives Escape After Bank Holdup in Texas
Three First National Bank of Marlin employees were abducted during a $41 000 robbery. They were left tied in a pasture near Rogers, Texas, and later freed themselves to reach a farm house, then Rogers. Witnesses described robbers as experienced, with one carrying a pistol. Detectives pursued leads after the early morning heist.
MENTIONED IN THIS ARTICLE
Texas Bank
Marlin
Texas
First Suite Bank of Marlin
Rogers
M. W. Bradshaw
Sam Dollahue
Bradshaw
Andrew Payton
Lee Humphrigs
Porter
J. Davis
Passume
Bradehay
Mise Peyton
Shaw Spencer
Spencer
H. N. Reed
Northern States Battered by Arctic Cold Wave
The Associated Press reports a bitter Arctic blast across the northern states with zero to subzero temperatures, heavy snow, and strong winds. From Montana to New England, eight Lake Michigan sailors died in rough seas, and 15 Chicago deaths tied to exposure, including twin babies. Weather eased briefly in Denver to 52 but returned to frigid readings elsewhere.
MENTIONED IN THIS ARTICLE
Montana
New England
Mason and Dixon Line
Canada
Mile
Denver
Colorado
Wyoming
New Mexico
North Atlantic Seaboard
Portland
Lake Michigan
Michigan
Indiana
Vermont-Quebec
New York City
White River
Ont
North Central
Minnesota
Duluth
Fargo
N. C
Iowa
Wisconsin
Southland
Louisville
Maryland
West Virginia
Heart of
Dixie
Atlanta
Jacksonville
Fla
Miami
New Orleans
Shreveport
Chicago
Mercury
Middle West
Weather Bureau
Sanders trails in sixth district special election outcome
In Baton Rouge, with two thirds of precincts reporting in the sixth district special election, J Y Sanders Jr. led Kemp by more than two to one as Kemp had been declared winner earlier. Sanders tallies 11 974 to Kemp 5 129 across 134 of 197 precincts in twelve parishes. Kemp's initial victory followed Huey P. Long ally support in a judge ordered no primary contest.
MENTIONED IN THIS ARTICLE
Baton Rouge
J. Y. Sanders, Jr
Bolivar E. Kemp
Huey P. Lane
Sanders
Kemp
Dog Sled Brings Nurse For Birth Aid In New Hampshire
In Wonalancet New Hampshire a dog team led by Holly a former Byrd lead dog and ten companions pulled 11 miles through a northeast gale to reach the shadow of Mt Chocorua with nurse Beatrice Coots to aid an expectant mother Mrs Milton Ames. After care was provided the team returned the nurse to headquarters. Eva drove the dogs as part of the Chinook kennels.
MENTIONED IN THIS ARTICLE
Wonalancet
N. H
Holly
Admiral Byrd
Balko
Mt. Chocorua
Milton Ames
Beatrice Coots
New York City
Eva
Soviet buying plan develops with second five year budget
New York December 27 The Soviet program to purchase American goods is being developed within the second five year plan budget. Purchases hinge on credit terms and removal of export obstacles. A Soviet official said large scale purchases depend on acceptable financial arrangements and the easing of import restrictions likely via consulates and a trade agreement. Ivan Boyelfe is expected to be named trade commissioner to oversee U S trade, while Amtorg duties continue.
MENTIONED IN THIS ARTICLE
New York
United States
Russia
Alexander A. Troyanovsky
Societ
Ivan Boyeff
Amtorg Trading Corporation
America
Associated Press
Ailowe
Man hour basis on GWA projects to boost force
Mercer county and national relief officials announce a shift to a man hour allowance for CWA projects, moving 650 new workers onto jobs this week and removing many from direct relief rolls. The program aims to reduce idle time from weather and illness, prioritize workers with dependents, and ensure daily attendance.
MENTIONED IN THIS ARTICLE
GWA
Jeff D. Cartwright
National Reemployment Office
Jess W. Easley
Mercer County
Mercere
Cartwright
Cartwrigt
November export trade shows strength amid dollar depreciation
Washington officials attributed November export gains to the dollar's foreign depreciation and early Roosevelt gold-buying. Foreign purchases in the United States were slightly below October’s total, yet the trade balance remained the most favorable in months. Administration officers kept the gold-purchasing program at 34.06 dollars per ounce and noted the treasury deficit surpassed one billion dollars amid ongoing emergency spending.
MENTIONED IN THIS ARTICLE
Washington
America
United States
Treasury
White House
Roosevelt
Todey
Also Mentioned on This Page
Stock Exchange
NEA
M’adoo
Kanawha
Illinois Bank
W. W. Fondren
W. W. Fondren Jr
Anne Swinson
Paul A. Kunkel
Dandy
Jimmy Wedell
Weddell
Uge
Mason Dixon Line
Long
Gale
Byrd
National Job Office
CWA
Mr. Cartwright
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!