Gold Clause Ruling Shapes Monetary Powers Debate
The Supreme Court split five to four on gold clause cases, upholding Congress power to regulate currency and reject dual monetary systems. Justices Hughes and Stone led the majority, while McReynolds and others dissented. Officials hailed the decision as right even if not perfectly legal, with the White House and Treasury watching closely.
MENTIONED IN THIS ARTICLE
Congress
High Point
Try
Hic Point
Caroli
Sam
White House
Hughes
Court of Claims
New Deal Senate
Robinson
Arkansas
Doughton
House
Ways and Means
Cummings
Treasury
Sumners
D-Tex
House Judiciary Committee
Byrnes
Washington
Supreme Court
Stone
Brandeis
Roberts
Cardozo
McReynolds
van Devanter
Sutherland
Butler
Desperate convicts mob Oklahoma reformatory guards
Desperate inmates at large attack guards at a southern Hills reformatory. A guard is killed as convicts seize hostages and flee in cars eight miles from Sayre. Warden Waters signals for help as Deputy Warden Gallon fires on escapees. several prisoners are recaptured later. The escape followed investigations into Mrs Waters administration begun months earlier.
MENTIONED IN THIS ARTICLE
Leslie Long
Peter Jones
Mrs. Waters
Warden Waters
M. R. Gallon
Vernon Taliaferro
Carter
Sayre
Waters
Reformatory
Supreme Court Rejects Proposed Reynolds Settlement
The state supreme court held the proposed 1,000,000 settlement cannot be entered. Mrs. Cannon's refusal is admitted but her reasons are challenged. The paper hints that some Reynolds case contentions were not on record from 1931 and warns further adversarial review could reveal all issues and facts. Reynolds heirs seek to avoid prolonged litigation while excluding Cannons from consideration.
MENTIONED IN THIS ARTICLE
State Supreme Court
Reynolds
Cannon
Buying Spree Sends Shares From One to Nine
A street scene reacts to a dramatic market move as shares climb from 1 to 9 dollars after an noon announcement ending without a governors meeting. The action reflects swift sentiment shifts in the stock exchange environment.
House Leaders Weigh Tax Proposals Amid Conference Talks
Lawmakers debate McDonald Lumpkin dividend tax and occupational tax proposals as they consider revenue measures. Cherry hints a conference report on the revenue bill may fail while Hauptmann awaits a spiritual aid at his death house funeral details set in Union South Carolina and local services.
MENTIONED IN THIS ARTICLE
Senate
Cherry
House of Representatives
McDonald
Forsyth
Lumpkin
Franklin
Hauptmann
Death House
Wall Street Reacts to New Deal Decision After Currency Shifts
Following the announcement many believed a deferment of action would occur at market close. Initial trading showed a Downtick in dollar strength as funds shifted from European gold currencies. Once the decision released currency moves reversed with Dutch guilders and French francs recovering, while sterling rose above 4.88 dollars.
MENTIONED IN THIS ARTICLE
Wall Street
Cotton prices surge after Supreme Court gold decision news
New Orleans cotton prices jumped sharply on the exchange as traders reacted to early reports of the Supreme Court ruling on gold. Initial indications suggested a government victory on all counts, but later updates altered that understanding. Prices rose 25 to 28 points above Friday’s close.
MENTIONED IN THIS ARTICLE
New Orleans
Newleans Exchange
Supreme Court
Pay-As-You-Go War-Time Plan Faces Congress Debate
Congress debates a pay-as-you-go war time plan as the House Ways and Means Committee weighs taxes. A 100 percent excess profits tax is urged, but chairman Doughton warns a war victory plan could negate the need for such taxes. The military committee estimates World War I costs at 39 billion dollars, with 10 billion loaned.
MENTIONED IN THIS ARTICLE
Congress
House Wage and Means
Doughton
DNC
Ways and Means Committee
Military Committee
War Finance Committee Calls for Full War Cost Payment
The committee urged sacrificing more to cover war costs. It proposed cutting extravagances, inflation allowances, repaying allies, reducing tax dodging, and taxing excess profits to fund the war fully during the conflict and beyond.
Roosevelt busy on message for NRA revision
The article notes Roosevelt pressing revisions to NRA policy while Newport News Shipbuilding and Dry Dock Co is mentioned. Grace Abbott, welfare professor, backed unemployment insurance reform before the Senate Finance Committee. Donald Richberg urged against a rigid bi partisan board equality requirement in industry labor disputes.
MENTIONED IN THIS ARTICLE
Newport News Shipbuilding and Dry Dock Company
Senate Finance Committee
Sub Tax Plan to Be Beaten Says Cherry
Representative Cherry opposes a morced privilege tax on cars bought outside the state arguing it would ruin border county dealers. He and Speaker Grady Johnson clash over adjournment timing with Johnson predicting April 1 departure and Cherry thinking revenue bill won’t reach the house before March 4.
MENTIONED IN THIS ARTICLE
Cherry
Supreme Court
Robert Grady Johnson
General Assembly
Johnson
Raleigh
House
Hauptmann Awaiting Appeal Ruling and Death Row Status
Lawyers pressed an appeal procedure with Hauptmann facing potential writs to reach the state supreme court. The court may act this month, while Hauptmann remains in the death house under tight guard and awaiting possible visits from his wife as officials monitor his condition.
MENTIONED IN THIS ARTICLE
Court of Errors and Appeals
Hauptmann
Chamber of Commerce to Hear Committee Reports at Supper
Directors of the Chamber of Commerce will meet Tuesday night at 6 30 at the Sheraton hotel to hear reports from committee chairmen. J W Clinard will preside with reports from M J Wrenn W B Hall Amos Kearns and others. Frank J Sizemore notes rising attendance and optimism about renewed vigorous activity. Ralph K Sullivan of Thomasville dies at 26 after two year illness with services at Heidelburg Evangelical Reformed Church and burial in city cemetery.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
Sheraton Hotel
J. W. Clinard
M. J. Wrenn
W. B. Hall
Amos Kearns
W. B. McEwen
F. Logan Porter
C. Arthur Kirkman
J. T. Ryan
J. E. Millis
C. C. Garrett
Government In
Frank J. Sizemore
Sigemore
Ralph K. Sulaavan
Thomasville
Este Hospital
San Antonio
Texas
Ralph K. Sullivan
Heidelburg Evangelical Reformed Church
J. A. Palmer
John D. Sullivan
Fred
Howard
Paul
John
James
B. J. Lohr
W. Crouse
H. A. Leonard
Greensboro
City Cemetery
Long Illness Fatal To Beilby Wardell Service On Tuesday
Beilby Wardell died at 2 30 am at 110 Phillips Street after several years of illness. Born December 19 1857 in Union County Washington D C he married Mattie L Gilliam in 1888. Survived by six sons John B Willie B Raymond B Honor Lewis L Wardell of High Point Sammie L Wardell of New York City two daughters Minnie Hollingsworth and B C Wages twenty grandchildren four great grandchildren and several extended relatives. Wardell was a member of Wesley Memorial M E Church. Funeral service Tuesday at the Wesley Memorial Church with burial in local cemetery.
MENTIONED IN THIS ARTICLE
Phillips Street
W. Lambeth
West Memorial Church
Union
8. C
Unity M. E
Moat
Bielby Wardell
High Point
Union County
D. C
Richard
Mary Starr Wardell
Mattie L. Gilliam
John B
Willie B
Raymond B
Honor
Lewis L. Wardell
City
Sammie L. Wardell
New York City
Minnie Hollingsworth
B. C. Wages
Marion, N. C
Wardell
Wesley Memorial M. BE. Church
Peas Boiled Briefly Preserve Flavor When Immersed
A kitchen note states peas placed in boiling water for eight minutes and then cooled in water retain flavor and quality for an indefinite period.
Also Mentioned on This Page
Freckles
Orr
Bengal
Lancer
Gary Cooper
Richard Cromwell
Capitol
Chicago
Prac
Tuersday
Ur Kou
Cat Gable
King OF
Harold Lloyd
Una Merkel
Pembletix
Alam Diserart
Parolin P
Palace Theatre
Salem Street
Qnisesa
Fred Astaire
Ginger Rogers
Anne
the Carolina
Roosevelt
NRA
Bruno
George L. Selby
Selby
William J. Ellis
Prison Board of Managers
Board of Managers
C. OF C
Beilby Wardell
A. J. Idol
Point Perpetual Building
Register of Deeds
Ford County
North Carolina
Carolina
Theos
W. Sprinkle
Wachovia Bank & Trust
Swanora & Corum
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