U S Currency Inflation Plan Approved in House Vote
The U S House approved the Roosevelt currency inflation plan by a 307 to 86 vote. It grants broad powers to expand currency and credit up to 6 billion dollars, alter gold backing by up to 50 percent, and allow actions by the Federal Reserve to buy government bonds and issue notes.
MENTIONED IN THIS ARTICLE
Washington
United States
House of Representatives
Roosevelt
House
Federal Reserve Banks
Great Air Armada For North Atlantic Flight
Air experts from St John s Minnesota and Italy prepare for a north Atlantic convoy in June. Two submarines and two drifters will arrive mid May to escort 24 airplanes from the 11th year crusade along the northern route. Planes will depart Orbetello late May or early June for Chicago for the Century of Progress Exposition with stops at Amsterdam Londonderry Reykjavik Cartwright Labrador and Shediac. Three advanced planes arrived last week aboard the Rosalind and will move to Cartwright to establish a supply base once weather allows.
MENTIONED IN THIS ARTICLE
St. John’s
Mid
North Atlantic
Orbetello
Chicago
Amsterdam
Holland
Londonderry
Ireland
Reykjavik
Iceland
Cartwright
Labrador
Shediac
New Brunswick
Rosalind
Germany Denies Re-armament Aims at Disarmament Talks
Geneva reports Count Rudolf Nadolny, representing Germany, disavowed the idea that Berlin seeks to re arm at high levels. He urged changing the British plan to cap mobile gun calibres at 105 millimetres and to abolish tanks. He warned that if his amendments fail, Germany will reserve all land naval and air armaments it deems necessary for defense.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
Germany
Rudolf Nadolny
Count Nadolny
Unemployed protest relief strike in Calgary
In Calgary Alberta unemployed workers number to 370 amid a relief strike by married men protesting reduced summer relief allowances sponsored by workless organizations. Local officials face pressure as jobless groups press demands for higher relief payments.
MENTIONED IN THIS ARTICLE
Calgary
Alberta
Muskrats Threaten Free State Hydro Scheme
Irish Free State faces a muskrat infestation on the Shannon hydro electric project after two rats were imported from Canada and escaped. A farmer shot six rats mistaken for otters on a Shannon embankment. Officials plan stricter controls and seek Canadian guidance on extermination strategies.
MENTIONED IN THIS ARTICLE
Dublin
Free State
Tipperary
Shannon
Department of Agriculture
Department of Industry and Commerce
Dail
Ramsay MacDonald Declares Washington Visit Successful
Prime Minister Ramsay MacDonald lands in Southampton to a cheering crowd and says his talks with President Roosevelt in Washington were very successful. He praises cooperative goodwill, notes no invitation to the world economic conference, and reports complete agreement on how to move world affairs forward.
MENTIONED IN THIS ARTICLE
Southampton
Eng
Ramsay MacDonald
Roosevelt
Washington
MacDonald
Mr. Roosevelt
London
Ishbel
America
Parliament milk probe nears end after 25th sitting
Ottawa reports the parliamentary milk investigation is nearly finished. Only if a specific witness seeks further enlightenment will more evidence be taken. After its 25th sitting the committee issued the notice and an immediate report to parliament is probable.
MENTIONED IN THIS ARTICLE
Ottawa
Ont
Ottawa to Erect Large Office Building
Ottawa plans a government office building west of the Confederation building on Wellington Street to relieve unemployment. The $5,000,000 structure would be funded by transient notes repaid in annual payments rather than debentures.
MENTIONED IN THIS ARTICLE
Ottawa
Ont
Confederation
Wellington Street
March Exports To U S Dip From Ottawa Agricultural Goods
Agricultural products sent to the United States in March totalled 416780, down from 453823 a year earlier, per the Dominion Bureau of Statistics. Nine months to March show farm exports to the U S at 2517705 versus 7731674 in 1931-32.
MENTIONED IN THIS ARTICLE
Ottawa
Ont
United States
Dominion Bureau of Statistics
Obligations Will Be Covered By Debentures
Canadian Pacific shares approve new consolidated debenture stock to liquidate $30 million of short term loans and other maturing obligations. Edward W. Beatty reports the company remains in excellent physical condition with a conservative financial structure and favorable assets to liabilities ratio. Directors Beique Black and Shaughnessy re-elected. Beatty's address adopted without discussion.
MENTIONED IN THIS ARTICLE
Montreal
Que
Canadian Pacific Railway Company
Edward W. Beatty
Beatty
Frederick L. Beique
W. A. Black
Lord Shaughnessy
Railway making profit in British Columbia
Vancouver reports show the Pacific Great Eastern Railway as a bright spot in B C industry. Executive assistant Robert Wilson states revenues will exceed expenditures for the first six months of the year, the first six month period in which this has happened since the line began operations. March profit on operation is $879, versus a $13,465 loss in March last year.
MENTIONED IN THIS ARTICLE
Vancouver
B.C
Pacific Great Eastern Railway
British Columbia
Robert Wilson
Surtax Planned on U.S. Goods by French Finance Ministry
France prepares a 15 percent surtax on American goods to take effect as the dollar nears 20 francs. British and Japanese items already taxed. Daladier weighs parliamentary authority for any higher levy. American residents in France face income losses and many plan to return home. The franc weakness prompts calls for budget cuts and new trade pacts ahead of the June world economic conference in London.
MENTIONED IN THIS ARTICLE
Paris
France
Ministry of Finance
U.S
Daladier
Senate
London
England
Prorogation Talk in Ottawa House Debate
Prime Minister Bennett and Mackenzie King discussed possible early prorogation of the House of Commons. Finance Minister Rhodes sought a second interim supply of 1 12 for day to day government needs and the May 15 salary list. King suggested no desire to prolong the session and that interim supply might not be needed.
MENTIONED IN THIS ARTICLE
Ottawa
Ont
House of Commons
R. B. Bennett
Mackenzie King
E. N. Rhodes
Finance
Sugar Tax Clears House in Ottawa Amid Retrenchment Push
The two cent sugar tax passed the House of Commons after Liberal calls for a general retrenchment scheme to trim government costs. Hon James Malcolm urged Ottawa to cut overhead and reduce the 34 government research laboratories.
MENTIONED IN THIS ARTICLE
Ottawa
House of Commons
James Malcolm
Trade and Commerce
National Research Council
Ireland Removes Oath of Allegiance to British Crown
President de Valera-led Dail re passage of the abrogation bill removes oath from the constitution by 76 to 66 with article 38a allowing law despite vetoes. He vows to erase symbols of British influence and aims to declare a free republic after public consultation. Grattan Esmonde argues treaty breach upon oath taking.
MENTIONED IN THIS ARTICLE
Dublin
Great Britain
de Valera
Dail Eireann
Free State
Dail
Grattan Esmonde
William T. Cosgrave
Thirty Professors Lose Positions In Germany
Berlin and Cologne universities dismiss 30 professors as the summer semester opens under the Hitler regime. The students federation at the former institution inaugurates a boycott of Jewish staff, urging students not to enroll or attend lectures by Jews. The 30 dismissals include 21 from Berlin University and 9 from Cologne, announced by Prussian education minister Berhard Rust.
MENTIONED IN THIS ARTICLE
Berlin
Germany
Cologne
Berhard Rust
Prosecution Strategy Outlined Against Gold Hoarders
The United States government plans to prosecute gold hoarders but has not yet disclosed its approach. Treasury officials are reviewing a bank compiled list of holders as a time limit to return gold has expired. About $700,000 in gold and certificates remains unreturned, largely believed hidden in the country.
MENTIONED IN THIS ARTICLE
Washington
United States
Treasury
Also Mentioned on This Page
U. S
Great Air Armada
Free States
Canada
British Air Force
William Geoffrey Salmond
Air Defence of
C.P.R
B.C. Road
Hitler
U.S. Treasury
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