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Newspaper
Gary Evening Times
Location
Gary, Indiana, United States of America
Date
Apr 24, 1933
Page
6
Definitions of financial terms appear with examples and explanations. Terms include gold standard currency inflation deflation reflation and cheapened dollar with notes on how each affects purchasing power and monetary policy. The piece explains conditions under gold standard versus off gold standard and how inflation and deflation influence prices and credibility.
This fragment lists definitions related to monetary concepts. It explains depreciated dollars buying panic, bonds as currency promises, gold content in a unit of currency, managed currency, specie payments in gold, and greenbacks as government promises not backed by securities. It resembles an early financial lexicon.
Calumet City proprietors estimate daily operating costs for beer rooms at 10 to 15 dollars with weekly expenses near 70 dollars. They project three barrels weekly could yield around 438 dollars in net profit, arguing license fees and distributor control affect profitability and the future of tavern business.
President Roosevelt and Prime Minister Bise spent Sunday discussing disarmament during a Potomac cruise aboard the Sequoyah. The Geneva disarmament conference resumes amid pessimism as experts push for confidence restoration tied to optical problems and economic conference aims.
America's plan to remove a major obstacle to world recovery is under discussion at the White House. British Prime Minister MacDonald and President Roosevelt work into the night with experts to draft recommendations. A breakfast meeting with Senator Borah followed the long session as disarmament concerns loom large.
President Roosevelt and Prime Minister Herriot guided conversations that were expected to boost prospects for both the disarmament conference and the international economic conference. French representative Jean Paul Boncom arrived with data and a briefing set, as the two leaders prepared to continue discussions with formal courtesy events and extended talks at the embassy.
GOP leaders from across the state gather for two Indiana Republican meetings to discuss inflation and strategy. Expected speakers include former Senator James F. Watson Senator Arthur R. Robinson former Governor Harry Glefhe and Don B Irwin. State chairman Frant FR Bausman presides as hundreds attend. The event signals clashes over Robinson's renomination with Gary Scott alleging he is too dry for a race.
William L. MacDonald the only BIX defendant to plead guilty received two years in prison. Co-defendant William Hi Thornton jailed three years. Three others were expelled and one acquitted. Separate notes mention Senator Robinson allies and local officials, with Harvard and Cambridge details unrelated to the core case.
Confirmation that Libby Holman Reynolds infant son will receive 2 million from the late Reynolds tobacco heir. Attorneys said two children Anna Cannon Reynolds II and Smith Reynolds II share the estate under a court filing in Cabarrus County. The filing notes a 500000 trust fund and guardian arrangements involving Anne Cannon Reynolds II’s family. In Utah, Florence Lilison and her daughter Nomina Elson, both seniors, are among graduates.
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