Insurance On Loans Hit
Washington June 29 Jesse H Jones RFC chairman told the Senate banking committee that government insurance of bank loans to business would not prime the pumps. He said the Mead bill to insure 90 percent of loans would tighten capital since banks bear the initial 10 percent loss.
MENTIONED IN THIS ARTICLE
Washington
Jesse H. Jones
Reconstruction Finance Corporation
Federal Lending
Congress
Dones
Senate
Ing
Sen. Mead
N. Y
RFC
Jones
Man Recovers $110 Found by WPA Crew in Park
Ex Mayor A A Bardwell of Burns Oregon picked up 110 dollars left by WPA workers after it was kicked around by the crew. He had approached the park site and retrieved the billfold containing the cash, amid skepticism from onlookers.
MENTIONED IN THIS ARTICLE
Burns, Ore
INS
A. A. Bardwell
Burns
Bardwell
Small Businesses Face Tight Credit, Officials Debate
Mead says government-led lending helped via RFC and Federal Reserve, but small firms still struggle to obtain working capital. Mead notes many complain banks refuse loans unless borrowers prove need. Jones counters that loans are available if applicants seek them, and accuses tight oversight.
Embargo Revived Debate Over Neutrality Law Kee Says
Representative Kee denounces the embargo clause as brutal and indefensible arguing repeal would aid England and France and hurt Germany and Italy He warns continued embargo damages smaller nations and suggests repeal would erase a neutral blot on record. Senate and House conflicts over devaluation power loom with possible filibuster threats.
MENTIONED IN THIS ARTICLE
Washington
Rep. Kee
W. Va
Kee
House Committee On Foreign Affairs
England
France
Germany
Italy
Berlin
President Roosevelt Convenes Leaders on Monetary Power
President Roosevelt summons congressional leaders to a White House conference to plan preserving his monetary authority for two more years. Senate Majority Leader Barkley and House Leader Rayburn stated after the session that the legislative situation was calm.
MENTIONED IN THIS ARTICLE
Roosevelt
Congressional
White House
Senate
Barkley
House
Sam Rayburn
Nation Reaches Its Highest Spending Mark of Roosevelt Era
The Roosevelt administration nears a record total of nearly 50 billion in spending as Congress acts on three major appropriation bills totaling 1.79 to 2.65 billion plus district and relief allocations. Emergency funds may be released if bills stall. Also noted are discarded cars in Benoni South Africa cleaned by the Public Health Department to curb mosquito breeding from rainwater.
MENTIONED IN THIS ARTICLE
Roosevelt
Congress
White House
Budget Bureau
Congressional
Senate
House-Senate
House
Federal Communications Commission
District of Columbia
War Department
Benoni
South Africa
Public Health Department
Avanta
Soviet Says Pact Talks Enter a Blind Alley
In a Pravda editorial Andre Zhdanoff, secretary of the Communist Party central committee, says negotiations for a three power mutual aid pact have entered a blind alley. He accuses Britain and France of stalling and seeks to portray Western aims as mirroring a subservient USSR role.
MENTIONED IN THIS ARTICLE
Moscow
Andre Zhdanoff
Central Committee
Communist Party
Zhdanoff
Supreme Soviet
Parliament
Pravda
Britain
France
U. S
London
Russia
Baltic States
Netherlands
Belgium
Switzerland
Embargo Change Limits Presidential War Proclamations
House Foreign Affairs Committee approves revision to allow discretion in recognizing a state of war between nations. Republicans and Democrats clash over the Bloom bill's aim to let Roosevelt influence Europe to keep the status quo, with Montana Democrat O'Connor cited.
MENTIONED IN THIS ARTICLE
House
Foreign Affairs Committee
Roosevelt
Europe
O’connor
Montana Democrat
All Firearms Barred By Neutrality Change
The house neutrality bill would bar all types of firearms bombs and gasses used in modern warfare under a lethal weapon embargo. Weapons such as rifles pistols artillery naval guns shrapnel bombs torpedoes and anti aircraft guns would be included. Airplanes would be exempt unless armed and raw materials for munitions would not be barred under the amendment.
MENTIONED IN THIS ARTICLE
Washington
INS
House
House debate frames Bloom bill as intervention risk
O'Connor argues the Bloom bill would pull the United States into a European war over land trade and power, not democracy, insisting lawmakers know which side the nation will take when war breaks out in Europe.
MENTIONED IN THIS ARTICLE
U. S
Europe
Hamilton blasts New Deal lending plan as brazen and dangerous
Republican chairman John Hamilton condemned the administration's lending program in a nationwide radio address. He accused the plan of deceit, calling it a socialist move to buy the 1940 election by state capitalism and predicting government ownership of major industries if enacted. He cited Berle testimony to claim direct financing would lead to government ownership of productive plants and businesses.
MENTIONED IN THIS ARTICLE
Washington
INS
John Hamilton
Republican National Committee
Hamilton
Adolf A. Berle, Jr
Berle
U. S
Also Mentioned on This Page
Federal Reserve Banks
Mead
California
Sherry
Tokay
Muscatel” Zinfandel
Uta Ooo
Covincron
Barbera
Capitol Hil
Sec. of the Treasury
Morgenthau
Treasury Department
Change Stabilization Fund
Aia
Tadd CO Court St
Fl Joy Nn Ryu
GOP
Gee A. Dickel Distilling Co., Inc
Lexington, Ky
Quart No
Famou
General & Electric
Virginia St
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