Brookings Opens Fire On U.S. Gold Policy
The Brookings Institution criticizes the Roosevelt monetary plan, arguing that commodity prices do not rise automatically with gold price hikes and that a target level could be controlled by adjusting the gold price. The analysis, by Leo Pasvolsky and others, questions the policy’s scientific basis and outlines proposed mechanisms including domestic and foreign gold purchases.
MENTIONED IN THIS ARTICLE
Washington
Brookings Institution
Economis Eee
Leo Pasvolsky
Charles Hardy
Cirous Lewis
Jopseralt
Brookings
Chain Store Tax Ruling Up Today
The constitutional challenge to the 1939 chain stores tax law goes before a three judge federal panel in Baltimore. Four major oil firms seek permanent injunctions to stop the tax from reaching their stations and bulk plants, arguing the measure violates due process. Attorneys General Holt defends the law for the state.
MENTIONED IN THIS ARTICLE
Fox
Treasury
Morris A Soper
United States Circuit Court
Jfudge
W. C. Chestnut
Baltimore
Ceorge W. McCiintic
Judge MecClintic
Standard OK
New Jersey
Binclair Iing Company
Chicago
Guilt Refining Company
Port Arthur
Texas
Ashland Refining Company
Ashland
Standard OU
Tar
Binctair
Aahland
Gulf
Holt
Favorable Reports Highlight Busy Business Day
Washington reports that Secretary Roper stated annual commerce findings show signs of a world business revival and a stemmed U S downturn. Chicago notes 1832 earnings on 467,489 Cudany Packing shares at 2.94 a share, up from 70 cents. Commerce reveals thin Christmas season but strong gift demand. New York reports brisk fur and overcoat purchases after sudden winter weather. Iron and Steel Institute notes nine percent October employment rise and payrolls near $800,060.
MENTIONED IN THIS ARTICLE
Chicago
Cudany Packing Company
E. A. Cudany
New York
American Iron and Steel Institute
Steel Output Rises Despite Uncertain Market
A weekly report notes a four point rise in steel works output to 33 percent, the highest in eight weeks, with shipments by some producers exceeding July levels. The surge follows a combination of rail rewards and contracts, while scrap prices flare. Some worry over January production as few first quarter contracts are signed and mills face lean order books. Automakers may demand more material for new models amid a policy shift to publish quarterly prices earlier. Expected steel need reaches 300,000 tons for rail and passenger car programs funded federally. The Erie railroad's participation is noted.
MENTIONED IN THIS ARTICLE
Cleveland
Biel
YOO
Owever
Bald
Erie Railroad
Lindberghs Plan New York Hop After Paint Overhaul
Col and Mrs Charles A Lindbergh overhauled their seaplane in Miami and gave it a fresh coat of paint as they prepared for an early tomorrow departure to New York. They completed a 900 mile flight from San Pedro Dominican and rested in a Miami beach hotel awaiting daylight. They would not disclose plans for stops en route.
MENTIONED IN THIS ARTICLE
Miami
Fin
Charles A. Lindbergh
New York
San Pedro
Dominican
Miami Beach
Lindberghs
Legislature Faces Four Day Window To Resolve Tax Bill
The legislature has four days left to finalize revenue measures before adjournment. The Senate leans to delaying work until after New Year’s, while the House plans to press on until Thursday. A key item is a net income tax pegged to the federal rate for incomes of 500 dollars or more, with Supreme Court rulings awaited to guide the tax plan.
MENTIONED IN THIS ARTICLE
Senate
House
Supreme Court
New Arms Talk May Be Called
The fascist press reports a possible four‑power meeting among Mussolini and Sir John Simon to discuss disarmament. Aims include reviving League reform and resuming Geneva talks with Germany backing Italian initiatives while France’s attendance remains in doubt. Fulvio Sovich recently returned from Berlin with clarifications on German support for reform and disarmament efforts.
MENTIONED IN THIS ARTICLE
RCMS
Mussolini
John Simon
Great Britain
John
Rome
Iina
Geneva
Dure
Germany
Simon
Fulvio Bovich
Berlin
League of Nations
Sovich
Hitler
Place of Church College Discussed by Riggleman
Sermon at Marmet and East Bank by Rev L Riggleman D D president of Morris Harvey College Sarboursville covers the role of a church related college in modern education. Text Hosea 4 6 notes mountain people are religious yet misinterpret religion. cites 178 Virginia Baptist preachers arrested for disturbing the peace defended by Patrick Henry.
MENTIONED IN THIS ARTICLE
Marmet
East Bank
L. Riggleman
Morris Harvey College
Sarboursville
Virginia
Patrick Henry
Police raids target Dillinger gang in Chicago
A 100 man police detail raided two suspected Aldcots linked to the Dillinger gang. Arrests included Arthur Johnson and Helen Burke while searches of two Humboldt Avenue apartments found occupants gone. Officers seized a portrait of Harry Pierpont and gathered details on Dillinger and Touhy. One officer was killed in earlier gunfire. authorities vow to break up the gang in the Chicago area.
MENTIONED IN THIS ARTICLE
Chicago
John Dillinger
Indiana
Arthur (Fish) Johnson
Helen Burke
Charles Welling
Humboldt Boulevard
Dillin- Bers
Harry Pierpont
Johnson
Ming
Burke
Dillinger
Lieut
Welling
United Dillinger
Touhy
Thomas J. Courtney
Thursdy
William Shanley
John Hamillion
Leutenant
Shanies
Mrs. Emily J. Vail Dies at 84 in Chatlin Conn
News of the death of Mrs. Emily Janet Vail, 84, mother of Walter B. Clark of Charleston, at her Chatlin home. A longtime Chatlin resident of 57 years she endowed the Williams Ross public library in memory of her second husband. Her first husband was the late Oren A. Clark. She left widowed after a long life with two daughters and a brother. Clark has run the Charleston Nail for 20 years and served as governor of Alaska under an older administration.
MENTIONED IN THIS ARTICLE
Emily Janet Vail
Walter BR. Clark
Charleston
Chatlin
Conn
Deflation tide stemmed says Commerce Secretary
Secretary Roper reports deflation tide stemmed in the fiscal year end, noting government action boosted business activity and confidence. The annual review cites progress and few new legislative recommendations while outlining the Bureau of Foreign and Domestic Commerce’s revaluation aims and service role.
MENTIONED IN THIS ARTICLE
Washington
Roper
Commerce
United States
Bureau of Foreign and ‘Domestic Commerce
Bal
Heflin Returns to Political Ring in Alabama Race
In Montgomery Alabama Cotton Tom Heflin announces candidacy for Congress seeking to back President Carter era style reform. He aims to help shift money supply control away from producers and pledges full-time effort toward national legislation while challenging Congressman Miles Allgood.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Cotton Tom" Heflin
Alabama
Hia
Con Ress
United States Senate
John H. Bankhead
Cotton Tom
Lafayettte
Congress
Becanan
Miles Allgood
Auto Industry Seeks Code Extension Through Sept
Washington December 17. The automobile industry filed with the NRA to extend the code until September 1, 1934 and Hugh Johnson indicated it will be granted. The present code expires December 34 after a trial period. steel industry's code has also been extended to May. Johnson also said he would not seek removal of the merit clause, noting Roosevelt's statements.
MENTIONED IN THIS ARTICLE
Washington
Des
NRA
Hugh
Johnson
Roosevelt
Missing Ellen Ti Marshall Crew Rescued by Ellsworth
Four sailors of the schooner Ellen Ti Marshall were saved by the steamer Ellsworth after the vessel burned and sank. The rescue followed a long perilous ordeal as the crew reached a dory and were taken to Wedgeport. Nineteen crew members survived the disaster, while three drowned off Star Island as danger loomed nearby.
MENTIONED IN THIS ARTICLE
Halifax
Ellen Ti Marshall
Ellsworth
East Coast Signal Service
Elsworth
Wedgeport
Winn
Marshall
Star Island
Six Die in Cuban Riot at Havana Newspaper Fire
In Havana, six killed and 13 wounded as a riot by government supporters, many of them Black workers and youths, attacked the Spanish language independent paper El Pats. Fire and gunfire flooded midtown, with soldiers clubs and rifles used to disperse crowds. Looting framed the blaze as echoes of demonstrations tied to Grau Batista and labor groups.
MENTIONED IN THIS ARTICLE
Bavana
Pats
Gray Sen Martin
E! Pats
el Pais
Cuan Federation of Labor
Grau
Pulgencio Batista
Louis J. Vance death report cites drinking before blaze
A New York report by an assistant medical examiner says Louis Joseph Vance had been drinking heavily before his body was burned in his apartment. An empty benzine can was found in the wash basin. The statement does not comment on the two disclosures. The writer's body was found in a chair burned by fire after a possible cigarette started the blaze.
MENTIONED IN THIS ARTICLE
New York
Louis Joseph Vance
Vance
Robert C. Fisher
Brelsberg
Mencken and friends foil pair in Baltimore court
In Baltimore on December 17 H L Mencken and a select group of cultural figures recounted capturing two men in a restaurant brawl. The incident at Sewell Case’s club involved a scuffle with a sergeant-at-arms and a police handover after a dispute over beer, Bach, and pamphlets.
MENTIONED IN THIS ARTICLE
Baltimore
Knope
Menckin
Bach
R. Cos
Washington
Thomas
Unose
Sud
H. . Buchholz
Buchholz
Mencken
Knopf
Raymond Pearl
Johns Hopkins
Franklin Hazelhurst
Gustave Strube
Peabody Student Orchestra
Coe
Pinkertoth
Bankers Program Aims to Replace NRA Loan Plan
Washington Dec 17 The Reconstruction Finance Corporation may issue loans to industry to payrolls and jobs under serious consideration by the administration. Jesse H. Jones and board members discuss replacing NRA loans with easier credit, while the bank plan involves selling government preferred stock to banks and trusts to provide cash for business loans. Jones says RF C actions do not seek to interfere in bank operations and that voting stockholders must fulfill their duties.
MENTIONED IN THIS ARTICLE
Washington
Jesse H. Jones
Roussvelt
NRA
White House
Jones Wes
Aebanks and Trust
Th Corporation
Dellar Cme
Cominon
Id Pola
Z P Ng Pia
Jon Pale Stack
Burdi Ne Teo
Rat Oipenstioe
Banka
Toaus
Jones
Tennessee Tobacco Holiday Sparks Regional Market Halt
Tennessee joins Kentucky in halting tobacco sales as part of a holiday to aid production control. Governor McAlister says closing markets is the only way to handle the situation after talks with growers. He plans a formal proclamation and may coordinate with Virginia and Kentucky leaders for a broader pause.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
Wennessee
Kentucky
Nolidey
Mcalher
Tennessee
Hurley Tobacco Growers
McAlister
Laffoon
McAllater
Will Finds Another U S Relief Activity
Santa Monica writer describes a Phoenix government transient camp housing about 700 men and youths. The camp provided clothing and blankets but no money, while residents were kept busy making wooden toys for children at Christmas. The note criticizes taxpayer funds for relief programs.
MENTIONED IN THIS ARTICLE
Santa Monica
Calif
Phoenix
Arena
Also Mentioned on This Page
U.S
Brookings Economic Institution
Heave
Willie Willis
Botert
Chicago Association of Commerce Today
Dun and Bradstreet
Pease
Church College
Riggleman
Morris Harvey
Pieage Yurity
The
Res. Leo D. D
Prrstient College
Bartomi Riggienian
Aloreks Barvey
Crescent City
Fla
Associated Press
Emily J. Vail
W. E. Clark
Connecticut
National
Compunnce Board
Hugh S. Johnson
NES
Iwo
Leon Henderson
Russell Bage Foundation
F. J. Schiink
Consumers Research
Irs
Mary Harriman Rumsey
Consumer Advisory Board
Heflin
Auto Industry
RFC
Croy
H. L. Mencken
Friends
Tito
Board of Directors
Ture
Tobacco Holiday
Kump
West Virginia
Will
Thie Rap
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