Roosevelt Currency Plan Approved by House in 207 to 86 Vote
The U S House approved the inflation amendment to Roosevelt currency plans, granting broad powers to expand currency and credit by up to 6 billion dollars. Provisions include allowing the Fed to buy 3 billion in government bonds, authorizing up to 3 billion in United States notes, and adjusting gold backing by as much as 50 percent.
MENTIONED IN THIS ARTICLE
Washington
United States
House of Representatives
Wll
Roosevelt
House
Federal Reserve
Great Air Armada Aviators Cross North Atlantic in June
Italian aviation experts prepare for a grand air armada to cross the North Atlantic in June. Two submarines and two drifters arrive mid May to convoy 24 airplanes on the northern route. Planes will fly from Debtelio to Chicago for the Century of Progress Exposition, visiting Amsterdam Londonderry Reykjavik Cartwright Newfoundland Shediac and Cartwright. Three advanced planes arrived on the Rosalind and will move to Cartwright to set up a supply base for the flotilla.
MENTIONED IN THIS ARTICLE
Drbetelio Inte
Chicago
Amsterdam
Holland
Londonderry
Ireland
Reykjavik
Iceland
Cartwright
Labrador
Shediac
New Brunswick
Rosalind
Germany Disavows Re Armament Push at Disarmament Conference
Count Rudolf Nadolny, German delegate at the world disarmament conference in Geneva, rejects the idea Germany seeks to re arm to the highest level. He suggests limiting British mobile guns to 105 millimetres and abolishing tanks, warning that if German proposals fail they should be allowed all defense armaments deemed necessary by other nations. Calgary report notes 370 relief workers rallied amid strikes over lower summer relief wages.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
Germany
Rudolf Nadolny
Nadolny
Muskrats menace Free States hydro scheme on Shannon
Irish Free State seeks Canadian guidance on extermination of muskrats believed to threaten the Shannon hydroelectric project. After importation permission, two rodents escaped. a dozen were later shot by a farmer who mistook them for otters. The Agriculture Department orders investigation and may push a bill legalizing the animals.
MENTIONED IN THIS ARTICLE
Elnment
Canada
Dublin
Ryait
Tipperary
Shannon
Department of Agriculture
Department of Industry
Inmerce
Dail
Free State
Ramsay MacDonald Says Visit Was Successful
Prime Minister Ramsay MacDonald returned to Southampton after talks with President Roosevelt in Washington. He praised the discussions as very successful and worthwhile, saying cooperative goodwill could help solve world problems. He denied inviting Roosevelt to London for the June 12 world economic conference and said they were in complete agreement on how to proceed.
MENTIONED IN THIS ARTICLE
Roosevelt
Southampton
Eng
Ramsay MacDonald
MacDonald
Mr. Roosevelt
Washington
London
Ishbel
America
Ottawa milk probe nears end after 25th sitting
The parliamentary committee announces it is virtually concluded with the milk inquiry. Only if a witness seeks further enlightenment will more evidence be heard. After 25 sessions, the committee says it will likely report to parliament soon.
MENTIONED IN THIS ARTICLE
Ottawa
Ottawa May Erect Building
Ottawa plans a large government office to relieve unemployment, to be west of the Confederation Building on Wellington Street. The $3,000,000 structure would be financed by transient notes repaid in annual payments rather than debentures. March exports to the U S fall as farm products total $2.5 million for nine months vs last year.
MENTIONED IN THIS ARTICLE
Ottawa
Wellington Street
Uni
United States
Dominion Bureau of Statistics
Debentures Planned to Cover Short Term Loans at CPR
Montreal. Canadian Pacific Railway Company shareholders at the annual meeting approved issuing additional consolidated debenture stock to cover short term loans amounting to 30,000,000 and other maturing obligations. Edward W. Beatty reported the company remains in excellent physical condition with a conservative financial structure and noted working assets of 52,811,144 against current liabilities of 14,311,257. Directors re-elected were Senator Frederick L. Beique W. A. Black and Lord Shaughnessy. Beatty’s address was adopted without discussion.
MENTIONED IN THIS ARTICLE
Montreal
Guero
Canadian Pacific Railway Company
Edward W. Beatty
Beatty
Frederick L. Beique
W. A. Black
Lord Shaughnessy
Pacific Great Eastern Railway Posts Profit in H1
Vancouver BC reports by Robert Wilson executive assistant to the board indicate the Pacific Great Eastern Railway will exceed expenditures in the first six months of the current year for the first time in its history. An operation of 879 is shown versus a loss of 13 469 from March last year.
MENTIONED IN THIS ARTICLE
B.C
Vancouver
Pacific Great Eastern Railway
British Columbia
Robert Wilson
Surtax on U S Goods Prepared by French Finance
The French ministry of finance prepared to impose a 15 percent surtax on U S goods, ready for signature to take effect when the dollar nears 20 francs. The measure mirrors existing duties on British and Japanese goods and faces parliamentary limits, with Daladier reported considering further steps to defend commerce and trim the budget.
MENTIONED IN THIS ARTICLE
Minister of Finance
Paris
France
Ministry of Finance
Daladier
Senate
London
England
Prorogation of House May End Ottawa Session
In Ottawa speculation grew that the House of Commons might prorogue early. Prime Minister Bennett and opposition leader Mackenzie King discussed an interim supply request from Finance Minister E. M. Rhodes to cover day to day government needs and May salaries, with King suggesting an early prorogation to avoid further session prolongation.
MENTIONED IN THIS ARTICLE
Ottawa
House of Commons
R. B. Bennett
Mackenzie King
E. M. Rhodes
Sugar Tax Passes House After Retrenchment Demands
In Ottawa liberals pressed for a general retrenchment plan as the two cent sugar tax cleared the House of Commons. Official Ottawa urged former minister James Malcolm to cut government overhead, citing 34 research laboratories and a national research council duplicating work.
MENTIONED IN THIS ARTICLE
Ottawa
Irish leader drives oath removal from constitution
President de Valera frames Dail debate as oath of allegiance to the British crown is repealed. The measure, approved 76 to 56, aims to strip symbols of British authority from the Free State constitution. Grattan Esmonde links passage to treaty tensions, while de Valera vows further removals.
MENTIONED IN THIS ARTICLE
Dublin
Great Britain
de Valera
Dail Eireann
Free State
Dail
Grattan Esmonde
William T. Cos
Thirty Professors Lose Positions In Germany
Opening of the summer semester in Germany under the Hitler regime sees 30 professors dismissed from Berlin and Cologne universities. The Berlin students federation boycotts Jewish staff, claiming German students should not enroll in or listen to lectures by Jews. Berhard Rust, Prussian education minister, announced 21 dismissals at Berlin University and nine at Cologne.
MENTIONED IN THIS ARTICLE
Berlin
Cologne
Germany
Berhard Rust
Treasury to Prosecute Gold Hoarders Time Limit Expired
The Treasury announced it will pursue action against gold hoarders after the surrender deadline. Officials are reviewing bank lists of hoards as indications point to sizable holdings still hidden in the United States.
MENTIONED IN THIS ARTICLE
Treasury
Washington
United States
Also Mentioned on This Page
U. S
Great Air Armada
Calgary
Alverta
Free States
U.S
U. 2
William Geoffrey Salmond
Air Defence of
Cp.r
TOG
Phers
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