Roosevelt Delivers Gift of Inflation Policy and Gold Move
Secretary Woodin announced a shift from gold standard as President Roosevelt backs a controlled inflation plan. Congress is urged to authorize up to 3 billion in credit expansion or greenbacks, with gold content reductions and silver payments under consideration. The policy aims to stabilize prices without printing money while influencing international exchange.
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Postmaster Farley Keeps Incumbents and Expands Vacancies
President Foresees civil service protections for loyal postmasters while planning to fill hundreds of immediate vacancies with deserving Democrats. Farley aims to cut the postal budget by 72 million dollars next year and study examination methods before staffing changes. In China, Japanese forces advance south of the Great Wall threatening Tientsin and Peiping as American residents fear the conflict.
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Pla
Roosevelt Plans Forest Work and Unemployment Relief
President Roosevelt eyes a large Civilian Conservation Corps program to reforest lands and employ up to 50 000 men, paying $1 a day with food and housing. The plan aims to prevent floods, reduce erosion, and create a national asset, though critics warn of cost and distribution flaws. Also: international matters include Cuba bargaining and ambassadorship shifts.
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Montana Plans Public Sale of 4.5 Million Bond Issue
Helena Mont May 1 the state board of examiners will offer 4 500 000 refunding securities with 2 000 000 to be issued to the state land commissioners for permanent school funds leaving 2 500 000 for private investors Gov F I Cooney calls it a safe profitable investment for Montanans The issue authorized by the 1933 legislature aims to relieve the state from floating indebtedness and place finances on a cash basis for the first time in 12 years.
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