Roosevelt’s Bank Plan Expands Money Supply and Reopens Banks
The Roosevelt administration pushed a new currency plan based on liquid assets rather than gold, backed by U.S. bonds, to stabilize banks and spur reopening. It includes suspending gold payments, bank holidays, and widening Federal Reserve powers to create a unified banking system while curbing hoarding and easing public panic.
MENTIONED IN THIS ARTICLE
Roosevelt
Congress
the Treasury
William S. Woodin
Ly Wicolly
Treasury
United States
Federal Reserve System
Senate
House
Federal, Reserve Board
Federal Reserve
Congress faces test as Roosevelt era begins in Washington
An observer in Washington weighs the new session as Congress and President Roosevelt confront banking and unemployment crises. He notes sweeping proposals, party struggles, and the risk of hasty measures that could undermine currency and confidence, while conservatives and liberals in both parties vie for control and a possible new progressive bloc forms under Norris.
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Washington
Congress
Pound
Capitol
Roosevelt
Mr. Roosevelt
Presi
4We
Norris
Nebraska
Reed
Pennsylvania
State Notes On Montana Agriculture And Local Matters
Snow aided irrigation and a strong outlook for crops and feed, with livestock thriving across Montana. Updates include J Paisley named US Indian Service extension specialist in North Dakota, start of official scale inspections April 1, and the Great Northern seeking to abandon 13.18 miles of track. February gasoline tax up, state equalization receipts rise, a Missoula hen lays an embossed B on eggs, Richland county plans a historical society, and a Raymond Nagle ruling on warrants validity. Crude Devil’s Basin oil touted as ideal road oil for 800 miles of Montana roads, with winter wheat on the Ben Johnson ranch surviving and projected strong yields.
MENTIONED IN THIS ARTICLE
Montana
J. ©. Paisley
Flathead County
United States Indian Service
North Dakota
J. J. O’connor
Department of Agriculture
Great Northern Railway
Interstate Commerce Commission
Monarch
Neihart
Montana Railroad Commission
State Board of Equalization
George Brown
Missoula
Rhode Island
Richland County
Raymond T. Nagle
Devil’s Basin
Roundup
State Highway Commission
Devil’s ‘Basin
Ben Johnson
Flatwillow
Prohibition Bureau Faces New Funding Rules and Enforcement Shift
Congress allocated 8.44 million dollars for annual Bureau of Prohibition enforcement expenses but barred wiretapping and liquor purchases until July 1. Amos W Woodcock ordered immediate effect, predicting trials under new rules will follow law. He noted enforcement will focus on manufacturers and transporters, pleasing night clubs and speakeasies operators.
MENTIONED IN THIS ARTICLE
Congress
Bureau of Prohibition Enforcement
Amos W. We Woodcock
Montana Wool Growers Share First 1932 Return
Murray E Stebbins secretary of the Montana Woolgrowers association announced about 150000 was distributed to Montana wool growers as part of a 1932 return. The Montana Cooperative Marketing Association handled 6000000 pounds of wool from 1500 growers with 75 percent of market value paid on the sale. The 160000 sent out is the first return above that 75 percent threshold and no further returns will occur until the entire 1932 crop is sold.
MENTIONED IN THIS ARTICLE
Helena
Montana
Murray E . Stebbins
Montana Woolgrowers’ Association
Montana Wool Co-operative Marketing Association
Montana Co-Operative
Stebbins
Co-Operative
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