Tennessee Valley Project Proposal Details
The proposal would urge the president to seek congress authorization for a large Tennessee Valley experiment aimed at creating 200000 jobs and boosting prosperity. It envisions Muscle Shoals and Cove Creek dam work with 10000000 dollars for Shoals and 2000000 for Cove Creek, selling surplus power locally and modernizing facilities.
MENTIONED IN THIS ARTICLE
Congress
Tenessee Valley
Warm Springs
Roosevelt
Muscle Shoals
Hoover
Calvin Coolidge
Cove Creek
Gold hoarding eases as deposits return and coins flow
The article reports a surge of gold withdrawals easing as people convert coin to currency amid fresh federal actions. Banks and the New York Stock Exchange seek records on gold payments while the Fed opens an extra window to receive bullion and keep names secret. About 110 million dollars withdrawn in the week to March 1 and an estimated 3,000 New Yorkers converted currency on the eve of the banking holiday.
MENTIONED IN THIS ARTICLE
Reserve Bank
Congress
Federal Reserve Board
Washington
Federal Reserve Banks
Reserve Board
New York Stock Exchange
Federal Reserve Bank
United States Assay
New York
Repeal of state prohibition amendment sent to voters
The legislature approved a repeal measure for the 18 year old prohibition, sending it to the 1934 general election with a plan for strict regulation of liquor manufacture and sale and a ban on consumption in saloons or public places. Final action in the house and senate set the stage for a statewide vote in 1934.
MENTIONED IN THIS ARTICLE
Ing
Senate
House
Charleston
House of Delegates
Butcher
D. Wood
Hiner
Hickoloi
Radio and Electric Repair at 27 Grand Street
Radio and electrical repair service offers home visits with free tube testing. Dawson Radio and Electric advertise testing at your home, located at 27 Grand Street.
MENTIONED IN THIS ARTICLE
RADIO
Dawson
Grand Street
Sharp drop in nation's gold holdings amid large payouts
The report shows single transactions paying out as much as $1,000,000 in gold coin or bullion. Overall gold holdings fell from $4,543,030,918 at January's end to $4,379,268,999 at February's end. At the start of March the treasury held $3,291,684,172 of the total gold reserve.
MENTIONED IN THIS ARTICLE
Treasury
New Currency Measure Gives Treasury Power Over Reserves
The plan allows the Treasury to call in bank reserves or private hoards to back a new currency system. It permits exchanging the currency for gold and gold certificates and imposes penalties on noncompliance if the situation requires action.
MENTIONED IN THIS ARTICLE
Treasury
Bank Situation Reopens as Banks Prepare to Open
Banks across the country were reported ready to open immediately as permission was granted. Gold hoarders returned billions to banks with the New York Federal Reserve processing about 50,000 dollars per hour. States planned to issue scrip. the treasury sought a list of hoarders to deter hoarding. The Chicago Board of Trade readied to reopen, and the New York clearing house began settling Friday checks. A 250000 dollar gold shipment to Mexico City was halted at Brownsville. Puerto Rico banks faced operation restrictions through next week.
MENTIONED IN THIS ARTICLE
Uhe
Federal Reserve
New York
Treasury Department
Chicago Board of Trade
New York Clearing House Association
New York City
Mexico City
Brownsville
Texas
Puerto Rico
Bevely
Delegates Vote On Prohibition and Loans Measures
The House and spectators applauded as only a few votes opposed the enabling act. Nine delegates from both parties voted against submission while nine were absent. Absent Democrats Belknap Coffindeffer DeGruyter Jarvis Nell Shahan and Republicans Hoge Nicholas Welton. Prohibition repeal submission followed long bickering. The small loan bill regulating $300 or less loans faced changes in interest rates and awaits another vote. In the Senate a beer by weight bill moved toward action with amendments on tax rates and a cane tax. Two other bills resurfaced: wage parity for public projects and an optional primary plan. A milk certificate proposal faced a lengthy debate before defeat.
MENTIONED IN THIS ARTICLE
House of Delegates
Melrose
Wood and Wells
Roane
Harmon
McDowell
Reed
Clay
Hyre
Upshur
Marsh
Ritchie
Maulsby
Doddridge
Watson
Preston
Rairden
Mason
Belknap
Braxton
Coffindeffer
Harrison
DeGruyter
Kanawha
Jarvis
Calhoun
Nell
Jackson
Shahan
Randolph
Hoge
Mingo
Nicholas
Tyler
Welton
Grant
State Banking Department
Senate
Judiciary Committee
House
Kump
Roosevelt seeks 500 million in federal cuts and bonds
President Roosevelt proposes a $500,000,000 reduction in federal expenditures with most savings from veterans' pensions and salaries. A later plan includes a $500,000,000 bond issue for a forestry corps to employ 500,000 people. Senate leaders expect a message to Congress and a conference committee to review the measures.
MENTIONED IN THIS ARTICLE
Ale
Senate
House
Washington
Roosevelt
Robinson
Arkansas
White House
Congress
Departments of Labor, Agriculture, War and the Interior
Representative Snell
McDuffie
D. Ala
Banks Invited to Apply for Order to Open
Washington March 10 Secretary Woodin authorized banking institutions to apply to reopen for their own account and customers after the banking holiday tied up funds. Treasury bills sold March 6 totaled about 75 million dollars. Woodin said sound banks would be opened as soon as possible and invited applications for reopening after securing information on bank conditions.
MENTIONED IN THIS ARTICLE
Washington
Woodin
Treasury
White House
Treasury Says Bank Reopenings Delayed Until March 11
Woodin reports that assembling data and arranging reopenings for banks will take time. No bank reopenings will be authorized before Saturday March 11 as the Treasury finalizes information on bank conditions and applications, with plans to open sound banks promptly under new emergency legislation. The move aims to restore confidence and resume normal banking functions nationwide.
MENTIONED IN THIS ARTICLE
Treasury
Zangara Death Sentence Proceedings Continue
The judge outlined the electric chair execution method as Zangara faced death for his crimes. The courtroom emptied after the ruling and Zangara was taken to his jail cell.
MENTIONED IN THIS ARTICLE
Florida
Zangara
Poll Clerks Selected for Philippi City Election
Philippi March 10 the city council announced election officials for the coming city election Tuesday March 14 First ward commissioners A B Cornwell A G Wildman clerk Anna Waddell voting place Campbells store Second ward commissioners Mrs A G Chrislip Rev C C Lambert clerk J Woodford voting place Scotts store Third ward commissioners E Chrislip A D Zirkle clerk Opal Robinson voting place Court House Fourth ward commissioners Mrs Bertha Smith and W W Poling clerk Ben F Wilson voting place Wilsons store
MENTIONED IN THIS ARTICLE
A. D. Zirkle
Opal Robinson
Also Mentioned on This Page
Vicks VapoRub
Tennessee Valley
Page
Solons
Page One
State Health Department
McClintic
Greenbrier
Minna Gambell
Spring Street
Strand Theatre
James Dunn
Boots Mallory
EL Brendel
Buster Phelps
Frank Craven
Sam Mints
David Butler
FOX Picture
NAVY
Macon
Akron
Ohio
William A. Moffett
Alger H. Diesel
Associated Press
United States
Jacob’s Meat Market
Grafton
Callie
Lamb Les
Virginia Sweet
Claudé Swhnsen
United Eistes Navy
Acsociated Press
Plota
Philippi
Liberty Shoe
Grand Theatre
Baker Coal Company
Trisler
East Main Street
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