16 Jan 1934
Page 1
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!
This newspaper page contains 24 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 16, 1934
Page
1
Roosevelt proposes government control of monetary gold, aims to raise gold value by at least forty percent, and set upper and lower revaluation limits while Congress weighs authority. The message signals inflation risk, a reshaped monetary system, and political strategy in a landmark move.
President Roosevelt unveils a four step plan to seize all monetary gold, cap dollar fluctuations, create a 2 billion equalization fund, and tighten private foreign exchange while keeping silver in domestic circulation. The program aims at long term stabilization through international agreement and tighter controls.
A defense witness introduces a mysterious man named Simmons in Dr Alice Wynekoop's murder trial. Simmons, tied to janitor John Van Pelt, allegedly did odd jobs at the mansion and was ordered kept away. The day’s testimony also covers Rheta Wynekoop’s death and family history as the trial proceeds.
The Benton county grand jury convened in Vinton to probe the death of Calvin Boggs, a former Garrison minister who died from injuries after a Saturday fight in Iowa City. County Attorney Victor Visquain said the investigation would likely begin Tuesday, with witnesses including Emmett Howe, 28, held on an assault with intent to do great bodily harm charge.
Los Angeles police guard actress Mae West at court as she testifies against Edward Friedman and Harry Veiler in a robbery case. Prosecutors say Friedman and Veiler held up West a year ago and took jewels worth 12000 and cash totaling 3400 amid gang threats.
Elmer Kudric aged 37 from 1725 Fighth Avenue SE was taken to St Luke's Hospital Monday at 5 10 pm after accidentally shooting off the little toe of his left foot He said he had been hurting earlier Monday and was rheanype Iie pun when the accident occurred.
The AP reports that government ownership of monetary gold would mainly shift title rather than alter control. Total monetary gold about 4.0 billion dollars with $3.2017 billion in the treasury and $1.7679 billion owned by reserve banks, plus paper gold certificates.
Markets jumped in heavy trading as Washington discussed a dollar revaluation cap between 50 and 60 percent. The Treasury set gold purchase at 34.45 an ounce, vs 34.06, while stocks and staples climbed. In Chicago grain traded buoyantly after Roosevelt’s message, with wheat up over 4 cents and corn up over 1 cent, and wheat visible supply at a low since last June.
The administration bill to guarantee principal and interest on farm mortgage bonds won Senate Banking Committee approval by a 9 to 3 vote on Monday.
Iowa City Iowa led Illinois 18 to 6 at halftime in a Big Ten basketball game Monday night. Columbus Ohio State edged Indiana 27 to 23 in their Monday night encounter.
Secretary Morgenthau announced that plans to seize monetary gold and devalue the dollar have not altered arrangements for refinancing over the next five and a half months. He projects a treasury profit from devaluation of 2.665 billion dollars, with 2.0 billion placed in a stabilization fund and 666 million flowing to the general treasury.
John Ike the barber Factor was granted a two week stay of his extradition to England to testify at the trial of Roger Tanhy and three associates on kidnapping charges. Prosecutors indicate they would seek the death penalty for Blick Roger and his companions in the trial scheduled to open in criminal court.
The piece argues that happiness cannot be enforced or pursued as a right. It notes that selfish pursuit damages others and often ends in disappointment, highlighting drug use, empty sex, unreciprocated love, and unreliable health as false paths. It cites Stevenson praying for a wakeful duty toward happiness.
Carlos Hevia, former secretary of agriculture, assumed the Cuban presidency after a 24 hour crisis marked by student protests and gunfire at the palace. Antonio Guiteras announced the transfer while Batista’s forces moved to disperse crowds. Hevia pledged to convene a constituent assembly and uphold the revolutionary program.
Harold Barnes Jr a 10 year old son of Mr and Mrs H D Barnes suffered severe head and facial injuries when his sled collided with the Cedar Rapids ball park fence while coasting on a hill near the park Sunday about 4 p m He was unconscious after the accident and was brought to his home His condition was reported improved Monday.
Oliver R Sparks adopted a stray dog and gave it sleeping quarters on a straw floor in a shed during cold nights. Sparks notes the dog endures the chill uncomplaining while three of his hens stay nearby, mildly roasting in the shed.
The federal government orders railroads to stop free rides on freight trains. Railroad police will arrest hoboes on trains for trespassing and send them to camps in Iowa after arraignment. Camps in Davenport Des Moines and Sioux City will house transients with work opportunities and rehoming for those with residences in other states.
Washington ap party leaders predict a strong House vote for roosevelt monetary plan to cut the dollar’s gold value by at least forty percent and bring the nation’s entire monetary gold into the treasury. Senate opposition unlikely to exceed twenty seven votes with five defections. London wary of roosevelt dollar devaluation threatening imperial trade and seeking rapid coordination to curb dumping and defend Britain’s declining trade.
Des Moines AP report notes the Senate nears end of informal tax revision work while the House spends a third day on the same subject. Amendments to the classified transactions tax bill are disposed, the Cunningham gross income tax proposal is debated, and a $3 deduction for individuals remains under consideration. The Senate adopts an amendment to eliminate the tax limitation provision, while the deduction repeal fails 14 to 25.
Rear Admiral James A Raby, commandant of the Charleston naval yard and districts 6 7 8, died in a coast road auto crash 20 miles south of Savannah Georgia on Monday. He had been under orders to transfer to the 12th naval district in California and had a long career including a Navy Cross and command of the Pensacola naval air station. He was a Bay City Michigan native and a graduate of Annapolis.
President Roosevelt urges Congress to enact additional legislation to strengthen financial and monetary systems. He argues for permanent metallic reserves owned by the federal government to support a sound currency and notes the ongoing global debate over gold and silver as bases for money. He cites the London agreement on silver as a partial step toward a general worldwide monetary policy.
The text argues against free circulation and transfer of gold. It supports government possession of all monetary gold within borders and storing it as bullion to safeguard national finances during emergencies. It notes bulk transfers are only needed for international trade balances.
President Roosevelt presents a national emergency backed plan for monetary reform aimed at a stable sound currency and credit. He calls forgovernment control of metallic reserves, a commodity dollar, and long term price regulation to secure purchasing power and a $2,500 income baseline over years. The plan includes a stabilization fund to reassure business and bankers.
The Senate passed a bill to extend for one year the life of the Reconstruction Finance Corporation and to allocate an additional 850 million dollars for its activities. Debate paused on the St Lawrence waterway project as RFC matters were considered.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.