United States Drops Gold Standard Policy
President Roosevelt seeks new powers to alter currency and fight inflation after withdrawing gold backing for the dollar. Treasury head Woodin signals a temporary suspension while exploring a revised world standard with a lower gold reserve ratio. Federal Reserve governors report optimism and plan to inject liquidity, aiming to raise prices without runaway inflation.
MENTIONED IN THIS ARTICLE
Washington
United States
Froosevelt
Congress
Treasury
Willam K. Woodin
Roosevelt
Federal Reserve Banks
Woodin
Unemployed Men Move From Saskatchewan Farms
In Regina, Saskatoon, and Moose Jaw the relief camps saw about 400 more unemployed men last month. The men, paid 5 dollars a month by the relief commission, were placed on farms but farmers now cannot pay summer wages. Few farmers are taking men in Saskatchewan at present.
MENTIONED IN THIS ARTICLE
Regina
Sask
Saskatchewan
Saskatoon
Moose Jaw
Relief Commission
Lord Milton Weds Olive Plunkett in Dublin
Lord Milton son of the Earl and Countess Fitzwilliam married Olive Plunkett daughter of Bishop Benj amin Plunkett in Dublin recently. More than 500 tenant farmers from the Fitzwilliam estate attended the ceremony in Meath era context.
MENTIONED IN THIS ARTICLE
Dublin
Irish Free State
Lord Milton
Earl
Countess Fitzwilliam
Olive Plunkett
Benjamin Plunkett
Tuam
Meath
Fitzwilliam
England
Shaw Reaches England After World Cruise
George Bernard Shaw arrives in Southampton England after a world cruise visiting 29 countries and jokes that heaven might be the best place to live. He denies reports that he made Ann Harding cry during a Hollywood stay.
MENTIONED IN THIS ARTICLE
Southampton
Eng
George Bernard Shaw
Ann Harding
Hollywood
No Political Jobs Premier Bennett Says Appointment Of Rail Trustees To Be On Merit
Prime Minister Bennett told the House committee that railway trustees will be chosen on merit not politics. He defined political appointments as positions given for party service with no other qualification. He noted Canadians’ limited pool of suitable public men and the difficulty in selecting for important posts amid many applicants driven by pressure.
MENTIONED IN THIS ARTICLE
Bennett
Ottawa
Minster
R. B Bennett
House of Commons
Canada
United Kingdom
Gold Found in Yorkton Sand Pit by Local Prospector
Fred Carson, a Yorkton prospector, reports small quantities of gold in the town’s sand pit. He says the mineral, initially thought to be fool’s gold, tested positive as real gold after a mercury test. Carson believes the gold flakes were deposited during the glacial period, estimating five to ten cents per cubic yard of sand.
MENTIONED IN THIS ARTICLE
Yorkton
Fred Carson
Saskatchewan
Alberta
Athabaska
Carson
Two Aeroplanes Fly Over Everest Second Time
Houston expedition completes a three hour flight over Mount Everest in clear high altitude air. Participants include the Marquess of Clydesdale Lieutenant D F McIntyre and Lieut Colonel L V S Blacker with Air Commodore P F M Fellowes and a motion picture operator Fisher.
MENTIONED IN THIS ARTICLE
Purneah
India
Mount
Everest
Marquess of Clydesdale
D. F. McIntyre
Government weighs continuation of relief camps for single men
In the House of Commons Hon. Wesley A. Gordon told John Vallance that the government is considering extending relief camps for single men beyond April 30 but no decision has been made yet.
MENTIONED IN THIS ARTICLE
Ottawa
BC Leads Pacific Lumber Shipments in Offshore Trade
Victoria reports BC has led offshore lumber shipments for three months as logging resumes in Vancouver Island and mills reopen after closures. Hon. N S Lougheed, Minister of Lands, commented on the resumption and reopening.
MENTIONED IN THIS ARTICLE
Victoria
B.C
British Columbia
N. S. Lougheed
Vancouver Island Woods
Secrecy Over CN Rail Salaries Condemned in Commons
Rt Hon Mackenzie King condemned the veil of secrecy surrounding Canadian National Railways salaries and expenditures in the House of Commons. Premier R B Bennett said he agreed with the Liberal leader on this matter.
MENTIONED IN THIS ARTICLE
Ottawa
Ont
Canadian National Railways
House of Commons
Mackenzie King
R. B. Bennett
Auto Tourist Traffic Down Ottawa Ont
Dominion wide summary from 1932 shows over 4 million foreign automobiles entered for touring through Canada frontier ports, 800000 fewer than 1931. Totals fell across provinces, while some ports rose. Canadian cars outward for touring dropped by about 160000, with 376857 exported versus 536855 the prior year.
MENTIONED IN THIS ARTICLE
Ottawa
Ont
Department of National Revenue
Canada
Sour Dough Monoplane Aims London to Toronto Flight
The Sourdough aircraft owned by J. E. Hammell is donated to Toronto pilot J. D. M Gray for a London to Toronto flight planned in the first week of June. Gray, a Scotch-Canadian veteran of northern air routes, will pilot the mission with the well known aircraft suited for sub arctic conditions.
MENTIONED IN THIS ARTICLE
Toronto
Northwest Territories
Sub- Arctic
J. D. M Gray
London
England
J. E. Hammell
Gray
Morgan Endorsement of Roosevelt Gold Export Embargo
J P Morgan publicly endorses President Roosevelt and the treasury action suspending gold exports. He calls the move the best possible measure to fight deflation and restore demand, noting the dollar’s exchange value and depressed wages as reasons for the embargo.
MENTIONED IN THIS ARTICLE
P. Morgan
New York
J. P. Morgan
Franklin Roosevelt
Secretary of the Treasury
Parliament Defeats Ottawa Sweepstake Bill for Hospitals
The House of Commons rejected a bill to legalize hospital benefiting lotteries by a 76 to 15 vote. Members from multiple parties crossed lines with Conservative Premier Bennett Liberal leader King and Third party head Gardiner opposing. The bill had passed the Senate but found scant support in the Commons amid gambling concerns.
MENTIONED IN THIS ARTICLE
Ottawa
Ont
House of Commons
R. B. Bennett
Conservatives
Mackenzie King
Liberals
Robert Gardiner
Senate
Plane Crash Kills Four In Illinois Wheat Field
Four people including a wealthy Arkansas planter died when the aircraft flying from Augusta Arkansas to St. Louis crashed and burned in a wheat field near Walmeyer Illinois about 25 miles south of here.
MENTIONED IN THIS ARTICLE
St. Louis
Augusta
Ark
Walmeyer
Ill
Here
Prince Rupert Gets New City Commissioner Appointment
In supreme court chambers Justice W A Mac Donald ordered the appointment of a commissioner for the Corporation of the City of Prince Rupert in Vancouver British Columbia.
MENTIONED IN THIS ARTICLE
Vancouver
B.C
Corporation of
City of
Prince Rupert
Supreme Court
W. A. Mac Donald
Britain imposes 80 percent embargo on Soviet imports
London reports an 80 percent embargo proclaimed by King George in response to the Moscow trial of six British engineers. The move aims to protect British subjects in Russia, with 80 percent of Soviet imports barred including grain, butter, raw cotton, petroleum and timber. Talks with Soviet representatives and Labour leaders follow to avert a rupture in trade.
MENTIONED IN THIS ARTICLE
London
England
George
Moscow
Russia
Maisky
John Simon
Board of Trade
Labor Party
Laborite
George Bernard Shaw
Great Britain
Soviet Union
Metropolitan-Vickers
Currency Stabilization Talks Spark Canadian Confidence
Toronto bank officials declined to comment on W H Woodin’s statement that US gold export ban and the move off the gold standard may raise Canadian currency alignment. A high official said US and Canada likely move to similar levels and commodity prices could rise, with no adverse impact on Canada.
MENTIONED IN THIS ARTICLE
Toronto
Ont
W H. Woodin
United States Treasury
United States
Canada
Dominion
Agree On Pensions Act From Ottawa Conference
An amicable agreement on the Pensions Act emerged after Ottawa talks. Prime Minister R. B. Bennett and Finance Minister E. N. Rhodes met with ex service men spokesmen and issued a veterans statement describing the accord.
MENTIONED IN THIS ARTICLE
Ottawa
Ont
Associated Veterans
R. B. Bennett
Finance
E. N. Rhodes
Ontario Brewery Struggles as Demand Surges Nationwide
A St. Catharines brewery reports it is swamped with orders from the eastern United States and as far as Atlanta. The firm has shipped to Utica and says demand could reach 200000 barrels a day, according to FE T Sandell.
MENTIONED IN THIS ARTICLE
St. Catharines, Ont
United States
Atlanta
Utica
N.Y
FE. T. Sandell
Also Mentioned on This Page
Shaw
W. On
U. 190
Lake Garda
Italy
Francisco Agello
George Stainforth
House of Morgan
Loondon
Fosters
Britain
Sir Esmond Oveyleft
10 Downing Street
Esmond
Robert Vansittart
U.S
Agree On Pensions
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