Supreme Court rules against Perry in Liberty bond damages claim
The U S Supreme Court held John M Perry of New York cannot claim extra damages beyond the face value of his 10000 Fourth Liberty gold bond and rejected his bid for 169 to 1 in paper money. The ruling bars recovery beyond the bond's face amount and notes the gold clause cannot be expanded into greater compensation.
MENTIONED IN THIS ARTICLE
Washington
INS
Theffort
John M. Perry
New York
Supreme Court
Court of Arms
Court of Claims
Perry
Theovernment
United States
Congress
Suits Over Gold Demands Put 69 Billion at Stake
Washington AP reports the gold clause cases reach the Supreme Court with potential exposure of up to 169 billion dollars in present devalued currency. Plaintiffs include Norman C C Norman and others seeking gold or its legal equivalent for bonds, mortgages, and contracts.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Congress
Supreme Court Upholds U S On Gold Value
The Supreme Court upholds Congress power to establish a uniform currency and reject a dual system, ruling gold clauses interfere with monetary authority. Dissenters challenge the majority on federal bond treatment, with Justice McReynolds deriding the outcome as Nero in its worst form.
MENTIONED IN THIS ARTICLE
Supreme Court
U. S
Congress
McReynolds
Justice Stone
White House
Supreme Court rules Congress controls currency and gold payments
The Supreme Court held that holders of gold certificates lost their claim for extra compensation when converting to paper money under the gold seizure act. The court said Congress has full authority to regulate the currency system and to compel surrender of gold, so Nortz’s demand for $64,334.07 beyond his $106,300 in paper money was not payable. The decision found no basis for actual damages and deemed the remaining questions academic.
MENTIONED IN THIS ARTICLE
Congress
United States
Mvahia
Itf
Treasury
F. Eugene Nortz
New York
Treasury Department
Nortz
United States Court of Claims
Court of Claims
Supreme Court
John M. Perry
Perry
White House
Hughes
U. S
Washington
INS
Mont Blanc Not in Switzerland But in France
Many American tourists expect Mont Blanc to lie in Switzerland or Italy but it sits entirely in France. The peak rises 15 781 feet and is the Alps highest point. It is noted Mussolini learned the peak is French years ago.
MENTIONED IN THIS ARTICLE
Mont Blanc
Switzerland
Italy
France
Alps
Mussolini
Public Ledger, Inc
Brief review of the gold cases in New York
Overview of four cases where claimants seek gold or its currency equivalent. Norman C. Norman demands $38.10 beyond $22.50 owed in gold for a Baltimore and Ohio bond coupon. John M. Perry seeks payment of $10,000 in gold or $16,931 in currency for a Liberty bond. F Eugene Nortz sues to recover $64,334 representing gold certificate valuation. Bankers Trust Co and William H. Bixby seek payment in gold or currency equal to old value for Iron Mountain Railroad bonds.
MENTIONED IN THIS ARTICLE
Court of Claims
Norman CC. Norman
New York
Baltimore and Ohio
Norman
Supreme Court of
New York County
Congress
Bankers Trust Company of New York
William H. Bixby
Iron Mountain Railway
United States District Court
St. Louis
Missouri Pacific Railroad Company
Missouri Pacific
Reconstruction Corporation
Norman C. Norman
John M. Perry
Bankers Trust Company of
Iowa City Youth Dies in Despondent Act
Despondent and alone John Grimm 26 former University of Iowa student committed death by own action slashing his wrists and throat with a knife. Coroner George Maresh blamed despair for the act and noted Grimm had no parents and planned to enroll last fall. Elkader will host a Fourth of July celebration sponsored by the American Legion at the fairgrounds with a national speaker ball game horse races drum corps and fireworks.
MENTIONED IN THIS ARTICLE
Iowa City
INS
John Grimm
University of Iowa
Grimm
George Mar~esh
Elkader
The
American Legion
Bank Holiday Era Sets Stage For Gold Standard End
Washington AP outlines Roosevelt's 1933 actions that closed banks, launched a nationwide bank holiday, and restrictions on gold hoarding. It details executive orders, silver and gold adjustments, RFC payments in gold, and the 1934 Gold Reserve Act shaping devaluation and federal gold control.
Markets Close After Gold Clause Decision
Trading halted on the Chicago Board of Trade as the Supreme Court ruling on the gold clause was released. President Robert P Boylan suspended grain pit dealings and officials studied the decision. tickers showed early gains. Kansas City Board of Trade and St. Louis Merchants Exchange also suspended trading until further notice.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Supreme Court
Robert P.boylan
Kansas City, Mo
Kansas City Board of Trade
ST. Louis
Also Mentioned on This Page
Liberty
High Court
Gov. Nt
United m
Court of Claim
Shank
Little Rock
Ark
Mark H. Shank
Akron, O
Atteriey
Arkansas
Monday
State Supreme Court
Melbourne Christerson
Nero
Stone
Dakare
John Harvey Farbay
Ph.d
Ayda
Talhamy
Lydia E. Pinkham
Cash
Hudson and
Cedar Rapids
Hudson- Terraplane CO
Second
Roosevelt
RFC
Federal Reserve
Belle Isle
Paramount Theater
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