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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Jul 05, 1935
Page
6
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In Washington, taxation maneuvers and political feints fuel debate over a looming “lowlife” label for upends to the elite. Cannon targets alien marriages with heavy taxes. Young pushes uniforms for duty officers. Robinson and Huey Long clash on court paths and power. Local officials discuss legalizing gambling to curb crime in the capital.
The Treasury shifted 100 million dollars in gold profits to its working balance to redeem a large block of bonds and retire national bank notes. About 600 million in bonds and a similar amount in notes are involved. several months may pass before all are redeemed. The circulating privilege allows banks to deposit bonds and issue notes. most other securities with this privilege will end in a month, reducing the money supply to Federal Reserve notes and silver certificates.
Washington The United Mine Workers leader John L. Lewis called off the soft coal strike set for last Sunday night at President Roosevelt’s request. Lewis and Appalachian producers spokesman Duncan Kennedy advised mines would stay open at current wages and hours through July 31 if operators accept. Kennedy could not bind operators but expected acceptance. Secretary Perkins announced the new pace after a long conference with Lewis and Kennedy.
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