Broad weekly notes on tariff moves and public affairs
A digest of recent actions including tariff bill revisions adding items to the free list and raising cotton goods rates, White House plans to sign a civil appropriation bill, the Pujo inquiry savings, Supreme Court appeals for labor leaders, Lovett inquiry motives, US Norway arbitration treaty extension, potential tax exemptions for children, and various other political and social updates from Washington and beyond.
MENTIONED IN THIS ARTICLE
Senate
Democrats
Simons
Finance Committee
Washington
White House
Wilson
Farmers’ Organization
Federal Reserve Bill Aims to Reform U S Currency System
Washington June 20 The Owen Glass McAdoo plan to create Federal reserve banks across districts with nine member federal reserve board oversight, stockholdings by banks, strict reserves and annual 5 percent dividends, and government deposits in the system. The measure tasks a 12 district network with reserve cities and broad powers to regulate discounts, loans, and treasury notes.
MENTIONED IN THIS ARTICLE
Washington, D. C
Congress
Senate
Owen
House
Congressman Glass
Wilson
Secretary of the Treasury
United States
Federal Reserve
Federal Reserve Bank
Reserve District
Federal Reserve Board
Secretary of Agriculture
Federal Reserve Banks
Treasury
National Bank
General Fund of
the Treasury
Reserve Banks
Division of Treasury Notes
National Banking Association
National Banking
Federal Reserve Net
Federal Reserve Districts
Reserve Bank Organization Committee
Federal Reserve Cities
Thal
Continental
Russian officer killed in frontier bridge wager
A Russian officer attempting to cross into Austrian territory to disarm a sentry and abduct him was bayoneted during the attempt at Podwoloczyska in Galicia. The entrant, with two companions, failed as the Austrian guard resisted and stabbed him fatally.
MENTIONED IN THIS ARTICLE
Podwoloczyska
Galicia
Currency Reform Urges Immediate Action by Congress
President Wilson urges prompt legislation to reform the nation s currency and banking laws. He calls for elastic credit, public control of banking, and swift action to empower business and end protective tariff constraints. He notes committees are prepared to act and insists on decisive reform now.
MENTIONED IN THIS ARTICLE
Washington, D. C
Wilson
Congress
Cleveland Wins Fare Fight
Cleveland Ohio traction trustees won a complete victory in the dispute with the city. They announced their decision preliminary to making public the full text of their ruling. The award allows immediate write off of 120000 for scrapping power equipment and means there will be no change in fare rates.
MENTIONED IN THIS ARTICLE
Cleveland
Trouble Ahead for Glass in House Banking Panel
Washington reports show Chairman Glass facing a revolt within the House Banking Committee over secrecy and the method of framing a currency bill. Members warned they would not blindly accept the administration draft and pressed for committee input. Glass was pressed into a close committee role, with two members in his corner as others protested.
MENTIONED IN THIS ARTICLE
Washington, D. C
Glass
House Banking Committee
Wilson
Bulkley
Ohio
Kerkley
Indiana
State Hospital Head Exonerated by State Board
A Dayton hospital superintendent Baber was cleared by the state board of administration after being accused by former assistant Koch of incompetency immorality and cruelty. The exoneration ends the inquiry into the Dayton State hospital leadership.
MENTIONED IN THIS ARTICLE
State Hospital
A. E E. Baber
Dayton State Hospital
Pete K. Koch
State Board of Administration
Labor Leaders Gain Appeal in Buck Stove Case
Washington labor leaders Samuel Comberg Joli Altchell and Frank Morrison win a Supreme Court appeal after their conviction in the Buck Stove and Jumper Co. case. The board will reconvene after October.
MENTIONED IN THIS ARTICLE
White
Supreme Court
Samuel Gompers
John Mitchell
Frank Morrison
Bucks
Washington, D.C
White Thirkday
Samuel Comberg
Joli Altchell
Buck Stove & Jumpe Co
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Ferdinand News
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