Officials Seek Congress to Remove Gold Cover From Money
The Treasury and Federal Reserve officials urged Congress to lift the gold reserve behind the dollar, arguing the move would not affect dollar value while expanding money supply. They explained the mechanism of money creation and noted about $12 billion in U.S. gold stocks backing currency, with $10.7 billion backing federal reserve notes. Johnson pressed for freeing the gold reserve.
MENTIONED IN THIS ARTICLE
Congress
Seer
Nce
Johnson
Secretary of the Treasury
Henry H. Fowler
William Me. Chesney Martin Jr
Washington
Federal Reserve Board
House
Fies
Currency Committee
Robertson
U.S. International
William B. Widnall
R-N.j
Republican
Tec
Balance-Of-Payments Administration
Widnall
GOP
Fowler
Martin
the Treasury
Joseph W. Barr
J. L. Robertson
U.S
Barr
United States
Federal Reserve
Italian made minisub delivered to FAIFA navy
The first of four 550 ton minisubmersibles, manned by a crew of 20, has been delivered to the Italian FAIFA navy. The vessel, intended for Adriatic coastal security near Trieste, aims to counter attacks by dolphins and enhance coastal defense.
MENTIONED IN THIS ARTICLE
FAIFA
Israel
Navy
Adriatic
Electronic line across Laos stated by high official
A high Lao government source said an electronic line across Laos will block North Vietnamese movement to South Vietnam, using airborne devices and sensors rather than ground barriers or U S troops. The report notes US reconnaissance patrols in Laos and ongoing air operations along the Ho Chi Minh trail.
MENTIONED IN THIS ARTICLE
Vientiane
Laos
U.S
Ho Chi Minh Trail
South Vietnam
Bangkok
Thailand
Thanon Kittika
And
Thanon
Washington
North Vietnam
Luang Prabang
Souvanna Phouma
United States
Laog
Ko Chi Minh Trail
Lace
Also Mentioned on This Page
Treasury Department
Creoscted Bund
Gregory General Store
Davo
Apti
Wright's Investment Agency
Main St
Ecumenical
Mawais Honolulu
St. James Church
Honolulu
Palolo
Gerald Leicth
Hawaii
Father Leicht
Texas
Pentagon
Army
Vietnam
William H. Carroll
Patricia L. Carroll
Tulors St
Ft. Sam Houston
Carroll
San Antonio
Tex
Blondie
Kuwait
Egypt
Mahmoud Riad
Sheikh Sabah al Salem al Sabah
Riad
Baghdad
Iraq
Gil’ Robles
Generalissimo Franco
Portugal
Nicosia, Cyprus
Archbishop Makarios
Fazil Kuchuk
London
Accra
Paris
Scotland Yard
Saciuam
Ves
Mosheltems
Dayan
Ilishermen's Union
Aris
Beyphanrheen
Anthony Collins
Police
Manila
U.S. Navy
Philippines
Coast Guard
Madrid
Spain
CALL
Joe T. Broome
Ruby G. Lowe
Valeria Mangum
Pet-Bro, Incorporated
W. Main St
Bear Fitzgerald Apts
Frank O'Neal
Busters
Young
Teak
WA Ee
Eouig
Art Sansom
Beetle Bailey
Sam
THE
National Laboratory
Tracy
Shelley
Jay Newtown
Mort Walker
Dick Tracy
Yang
Mae
Gould
Steve Canyon
Milton Caniff
Kki
Hamlin
Els
Abouy
Hannna-Barbfra
Willets
Walt Wetterberg
Lord Ptm
Crase
Newey
Moonw Mullins
Willard
Jack Mosley
Peoples
Danville
Virginia
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