Gold standard shift and Roosevelt monetary plans outlined
Verne Marshall reports on potential substitution of government bonds with new currency to retire greenbacks, backed by the Roosevelt administration. The Treasury and Federal Reserve steps to push currency into circulation are framed as part of a broader move to restore confidence and credit while debating centralized control over money and debt policies.
MENTIONED IN THIS ARTICLE
Parsons
Roosevelt
Treasury Department
Treasury
Federal Ye Board
House Grants 500 Million for Relief to States
The House passed the Wagner-Lewis bill ensuring an outright federal grant of 500 million dollars for relief to states and possessions. The bill allocates 250 million to states based on one federal dollar per three local dollars, with distribution rules and a October 1 deadline. After October 1 any remaining funds may be distributed with no strings attached. States may receive up to 15 percent of the total.
MENTIONED IN THIS ARTICLE
Washington
House
Wagner-Lewis B
Senate
Youth Freed After Kidnapping Case In Chicago Area
Jerome Factor 19, Northwestern student, was released by his captors and returned to his mother in Rogers Park Chicago. Five suspects Archie Brown Ted Patterson Edward Strauss Rocco Sicillino Sam Maggio were freed after Factor identified them. Authorities deny any ransom payment and Factor had sought self resolution amid a weeklong abduction last Wednesday night.
MENTIONED IN THIS ARTICLE
Chicago
CUP
Jerome’ Factor
Detective Bureau
Archie Brown
Ted Patterson
Edward Strauss
Rocco Sicillino
Sam Maggio
Brown
Patterson
Strauss
Sicillino
Maggio
Tuscola
Ill
Jerome Factor
Northwestern University
Rogers Park
John Factor
Daniel Gilbert
Factor
Morrison Hotel
Young Factor
Leonard Marcus
Marcus
Macon Completes First Trial Flight
The J. S. S&S. Macon giant navy dirigible finished its first test flight on Friday. After about thirteen hours aloft it was secured to its mooring mast at 6:50 p.m. and drawn into the hangar at 7:30 p.m.
MENTIONED IN THIS ARTICLE
Aeron. O
Macon
Navy
Foshay Juror Genevieve Clark Sentenced for Court Contempt
Mrs Genevieve A Clark a Foshay mail fraud trial juror who pressed for acquittal and caused jury disagreement in 1931 was sentenced to six months in county jail for contempt of court She had been ordered resentenced after the Supreme Court upheld her conviction in Minneapolis The circuit court of appeals had upheld the conviction but said she must be fined or jailed not both The lower court had set a 1000 dollar fine and six months jail She will begin serving next Monday in the county jail
MENTIONED IN THIS ARTICLE
ST. Paul
Genevieve A. Clark
Minneapolis
Courage and fear in crisis echo in faith lessons
A Cincinnati factory fire incident contrasts two boys one who acts as a hero and the other a coward. The piece argues in religious tones that fear and bravery dwell in all, citing Jesus disciples and Peter. It stresses the value of charity and selfless action in moments of danger. Copyright 1933.
MENTIONED IN THIS ARTICLE
Cincinnati
Jesus
Simon Peter
Borong
Motorboat Regatta Planned for Cedar Rapids June 1
The Cedar Rapids Chamber of Commerce young business men's bureau approves a ten-event outboard regatta with three professional classes B C and F. Ten races include two five mile heats each and amateur events. A one mile Cedar River course will be surveyed Friday by C P Lewellen et al. Twenty national drivers expected. Loretta Turnbull sought. $300 in cash prizes.
MENTIONED IN THIS ARTICLE
Cedar Rapids News
Young Business Men’s Bureau
Chamber of Commerce
Ellis Lane
Ellis Park
Cedar River
C. P. Lewellen
John Barry, Jr
Harry Sherry
Ed Sheffie
Herbert Clark
N. Jay Leonard
Loretta Turnbull
Monrovia
Calif
St. Louis
Duluth
Kansas City
Omaha
Sterling
Iowa Assembly Adjou rns With Tax Action Halted
The Forty fifth Iowa general assembly adjourned sine die at 5 18 pm Friday after clocks stopped at 11 40 am Thursday when final hour work couldn’t be completed. The session saw tax reduction measures pass and a rejected proposal for an interim tax committee.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa General Assembly
House
Senate
Fimel’ Gay
Assembly
Cooney
Dubuque
Board of Parole
Shoals Bill To Pass Lower House Friday
Washington report says under a special rule the Tennessee Valley and Muscle Shoals development plan will pass in the house Friday with six hours of debate and no amendments from members permitted.
MENTIONED IN THIS ARTICLE
Washington
INS
Tennessee Valley
Muscle Shoals
House
Friday Baseball Scores Across American League and National League
Detroit and Cleveland playoffs led to decisive results in the American League while the Cardinals shut out the Cubs 4 0 and Hadley blanked the White Sox 4 0. In the National League Cincinnati and New York posted wins as Boston and Chicago split with late scoring. Only games scheduled.
MENTIONED IN THIS ARTICLE
Cardinals
Chicago Cubs
Hadley
St. Louis Browns
Chicago White Sox
Cincinnati
Pittsburgh
Johnson
Benton
Hemsley
Swift
Harris
Grace
Soviet Embargo on British Goods and Deportations
Moscow orders total trade halt with England in retaliation for the Metropolitan-Vickers espionage case. Four Britons begin return to London. Thornton and MacDonald to be deported by April 29. The trial's outcome fuels fears of a diplomatic rupture amidst mutual suspicions.
MENTIONED IN THIS ARTICLE
London
Daily Express
William H. Thornton
Willian MacDonald
Metropolitan-Vickers, Ltd
Russia
Moscow
AUP
England
Soviet Union
Britain
Metropolitan-Vickers Electrical Company
William H. H. Thornton
William MacDonald
A. W. Gregory
Former Grinnell Man Heads Marshall Field Wholesale
Harrison P. Shedd, formerly of Grinnell Indiana, appointed general manager of Marshall Field and Company wholesale. Grant S. Mears, formerly of Cleveland, named assistant general manager. Shedd, 33, is son of S. S. Shedd, brother of John G Shedd who became president in 1906. He started at J. A. Stone in Grinnell and later joined Marshall Field in 1896 with time in New York and India.
MENTIONED IN THIS ARTICLE
Chicago
Harrison P. Shedd
Grinnell
Marshall Field and Company
John McKinlay
Grant S. Mears
Cleveland, C
Shedd
S. S. Shedd
John G Shedd
Marshall Field
Businessmen press for R F C relief funds in Cedar Rapids
At a Cedar Rapids Mercantile Bureau meeting, business leaders urged fuller use of R F C unemployment funds, urging wage hikes from thirty to forty cents per hour. Mayor Stepanek and Finance Commissioner Burgus supported actions to boost work for the unemployed and raise project funding.
MENTIONED IN THIS ARTICLE
Linn
Mittes
Ieeesean
Mercantile Bureau
Cedar Rapids
Burgus
R. F.C
R. F. C. Committee
Unemployment Relief Committee
Probe into Ogden Mills and lobbyists urged
A Texas Democrat introduced a resolution calling for a congressional investigation into the lobbying activities of Ogden Mills, former secretary of the treasury, and other lobbyists, aimed at defeating President Roosevelt's program.
MENTIONED IN THIS ARTICLE
Washington
Dies
Texas
Congressional
Ogden Mills
Secretary of the Treasury
Roosevelt
Tangled Lives serial debuts in Cedar Rapids Gazette soon
The Cedar Rapids Gazette announces a new serial story titled Tangled Lives set to begin in coming days. The feature promises serialized fiction exploring intertwined fates with regional appeal.
MENTIONED IN THIS ARTICLE
The
Cedar Rapids Gazette
MacDonald Seeks Return to Gold Standard Dialogue
Prime Minister Ramsay MacDonald said in Washington he wished to discuss restoring the international gold standard with President Roosevelt. He called for Anglo American cooperation to ease distress from the low mood and noted concern over America's departure from gold backing. Former French premier Herriot may act as peacemaker in sterling dollar tensions.
MENTIONED IN THIS ARTICLE
Messrs. MacDonald and Herriot
Washington
Ramsay MacDonald
Roosevelt
MacDonald
Great Britain
America
Ralph Heinzen
Ile DE France
Edouard Herriot
Herriot
Unsupported Dollar Seeks Its Level In World Currency Sea
The dollar fluctuates against major currencies as it seeks parity with nations moving away from gold standards. In London it ranged 3.87 to 3.90 per pound, Paris opened 22.80 and closed 22.90 francs, Vienna at 6.30 shillings, Berlin at 3.84 marks, all under prior levels.
MENTIONED IN THIS ARTICLE
London
Paris
Vienna
Berlin
Vegetation Bends to Warmth as Cedar Rapids Heats Up
Cedar Rapids saw bright sun as clouds cleared. green shoots appeared on trees and vegetation advanced quickly. The day opened at 52 degrees at midnight, rose to 56 by 9 am, reached 70 at 1:30 pm, then cooled to 65 by 2:30 pm.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa Banker L A Andrew Touted For RFC Board
Washington reports Friday foresee L A Andrew Iowa superintendent of banking being asked to join the Reconstruction Finance Corporation to succeed Gardner Cowles. Officials say he would resign July 1 and be replaced by D W Bates. Andrew is a leading state bank expert and exerts influence in national banking groups.
MENTIONED IN THIS ARTICLE
Washington, D. C
L. A
American Bankers Association
National Association of State Superintendents of Banking
Iowa
William D. Jamieson
Shenandoah
Iowa Democratic Organization
Two School Buses Crash Kills Three Near Salisbury
Three school children May Broadway 10 Frances Broadway 12 and Curtis Hartley 12 died in a head on collision of two school buses at Woodleaf near Salisbury. Four others were injured in the accident Friday on Curve Three.
Roosevelt currency bill faces senate test next week
President Roosevelt pushes a $3 billion currency inflation bill through Congress amid GOP criticism and fears of inflation. Senate leaders expect passage by midweek. the House moves promptly. Prime Minister MacDonald’s arrival signals global talks on economic stability. White House warns farmers not to expand acreage. Mills and Reed clash over inflation estimates as Republicans mobilize.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Senate
House
MacDonald
Great Britain
Rooseevelt
Otythe
Russia refuses to return seized locomotives from Manchukuo
Harbin Manchuria The dispute over the Chinese Eastern railway nears a climax as Soviet officials decline to return 124 locomotives now held in Russia citing documents they say prove ownership by Russia. Manchukuo had issued an ultimatum and threatened to seize the railway if not complied.
MENTIONED IN THIS ARTICLE
Harbin
Manchuria
MNS
Manchukuo
Soviet Russia
Chinese Eastern Railway
Russia
Also Mentioned on This Page
Verne Marshall
Federal Reserve Board
BBSRS
Woodin
Adts
Swart
Congress
United States
Uncle Sam
Hindenburg
Hitler
Executive
Wagner-Lewis
Foshay
Philco High Boy
20Th St. SE
Dial
5Th Ave
Iowa Assembly
Solons
Edward L. O'Connor
C. W. Storms
O'Connor
Storms
Herring
Detroit
Cleveland
Rowe
Hayworth
Hildebrand and
Spencer
New York
Boston
Ruffing
Dickey
Weiland, Welch
McLaughlin
Shea
Philadelphia
Crowder
Burke
Sewell
Cain
Cochrane
Hadley and Ferrell
Gregory and Grube
Seibold
Cantwell
Hogan
Schumacher
Luque
Mancuso
Bush
Richmond, Tinning and Hartnett
Hallahan
J. Wilson
Bulletin
R. F.C. Fund
Mercantile Meeting
Mills
Tangled Lives
Ann Forester
International News Service
L. A. Andrew
RFC. Board
White House
Bert
Germany
France
David A. Reed
Repson
of Treasury
Andrew W. Mellon
Mellon
Key Pittman
Dem
Ogden L. Mills
Hoover
Capitol
Woodrow Wilson
League of Nations
Tex
Charles L. McNary