America adopts devalued dollar and gold bullion standard
Secretary Morgenthau described a 1934 style gold bullion standard as the dollar is devalued by 40.94 percent. The treasury posts a multi billion profit as Irving Fisher urges a federal monetary authority and Roosevelt commands a stabilization fund of 2 billion dollars.
MENTIONED IN THIS ARTICLE
Washington
United States
Morgenthau
Irving Fisher
Yale
House
Federal Reserve System
America
Treasury
Roosevelt
Dollar Still Dollar in Roosevelt Era Devaluation
Washington reports the dollar remains worth 59.06 percent of its former gold value, with President Roosevelt hoping to see price changes first in commodity costs. Officials do not expect instant shifts in buying power and note the dollar still converts to 100 pennies or ten dimes.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Roosevelt Proclaims Partial Return to Gold Standard
Early indications suggested no drastic immediate change. The United States is placed on a modified gold bullion standard with the dollar valued at 59.06 percent of its gold content and the Treasury set to buy gold at 35 dollars an ounce. Foreign currency moves awaited as signals for further action while the revamped system takes full effect. The first step occurred at 3 10 PM yesterday with the president signing the proclamation.
MENTIONED IN THIS ARTICLE
United States
Roosevelt
Washington
Morgenthau
Rainey
Solon writer claims Huey Long attacked in Washington
A diminutive reporter Ray Moulden, weighing 120 pounds, told colleagues that Senator Huey P. Long struck him with a loaded cane and shoved him into the snow outside Long’s hotel. He said Long and three husky guards left in a Louisiana-plate limousine after a brief clash.
MENTIONED IN THIS ARTICLE
Washington
Ray Moulden
Huey P. Long
Long
Louisiana
Moulden
Local Couple Reveals June 21 Marriage In Town Notice
Immanuel Brassett of Brown Paper mill and Miss Audrey Coleman of Monroe announce their marriage last June 21. Belated congratulations follow the news. A light column notes a Brownville mill superintendent’s dog recovering from illness and a fashion trend returning with derby hats led by Dr. Marvin Johnson. An anecdote about a misbehaving alarm clock ends with an electric timepiece replacing the old clock.
MENTIONED IN THIS ARTICLE
Immanuel Brassett
Brown Paper Mill
Audrey Coleman
Monroe
B. Beasley
Brownville
Boston
Marvyn Johnson
Subcommittee Reversed By Appropriations Body
The Senate appropriations committee reversed its subcommittee on the independent offices bill and voted 12 to 10 that veterans pay provisions could ride as a rider. The panel rejected full restoration of the 15 percent federal pay cut by one vote, and approved a plan to restore one third of the cut today and another third on July 1. Senator Townsend moved for full restoration but lost 11 to 10, with Republicans backing the liberal amendment supported by Copeland and McCarran. The veterans’ proposals will be decided tomorrow.
MENTIONED IN THIS ARTICLE
Washington
Senate Appropriations Committee
Independent Offices
Townsend
Delaware
Copeland
New York
McCarran
Nevada
Devalued Dollar Opens Way for Expanded Credit
A Roosevelt plan devalues the dollar about 41 percent boosting the gold standard and paving the path to large credit expansion. Wall Street authorities expect stabilization of the dollar versus major currencies and foresee growth in bank deposits as credit surges and prices rise with improved business confidence. The treasury will use over 2.7 billion dollars in gold profit, with an initial move creating a 2 billion dollar stabilization fund.
MENTIONED IN THIS ARTICLE
Claude A. Jagger
Associated Press
New York
Roosevelt
Wall Street
Treasury
Unmasked trio raid six stores and kidnap officer
In Notasulga Alabama three unmasked white men early today raided six businesses and forced Night Patrolman S A Harper to accompany them to Auburn where he was released. Loot likely runs into thousands in cash and merchandise. Harper reported the burglaries after returning to Notasulga.
MENTIONED IN THIS ARTICLE
Notasulga
Ala
S. A. Harper
Auburn
W. H. Ruff
Harper
Ruff
Spanish Court Grants Pardon to Four Americans
Ambassador Claude G. Bowers reported the sixth section of Spain's supreme court approved a pardon for four Americans jailed in Palma Mallorca for assaulting a civil guard. The prisoners are Mr and Mrs Clinton Blackwood of West Springfield Massachusetts Roger F Mead of New York and Edmond A Blodgett of Stamford Connecticut. The full court is expected to act soon on the jail sentence of six months and a day.
MENTIONED IN THIS ARTICLE
Madrid
Claude G. Bowers
United States
Supreme Court
Palma
Mallorca
Clinton Blackwood
West Springfield
Mass
Roger F. Mead
New York
Edmond A. Blodgett
Stamford
Conn
Bowers
Rifle Shooters Plunge City in Dark Wednesday
Twenty two calibre rifles in the hands of thoughtless boys caused the worst power outage since the new municipal plant began operations. An official investigation found cracked insulators on high tension lines from bullets, ice, and short circuits leaving the city in darkness for hours during a sleet storm. Authorities blamed unidentified youths and urged school education campaigns using Wednesday night as a warning.
MENTIONED IN THIS ARTICLE
D. A. Breard
Public Utilities
Breard
J. K. Brothers
Light and Power Plant
Arnold Bernstein
Long pursued by New Orleans mayor in hotel duel
In Washington on February 1, Sen Huey P Long faced a heated confrontation as Mayor T Semmes Walmsley of New Orleans threatened to fight if he encountered Long. The two men, both staying at the Mayflower Hotel, described a tense standoff amid an electric lobby atmosphere.
MENTIONED IN THIS ARTICLE
Washington
Huey P. Long
Sands Point
Mayflower
T. Semmes Walmsley
New Orleans
Senator Long
Louisiana
Rainey Predicts Early Congress Adjournment
Washington February 1. Speaker Rainey forecasts a three week House finish to the current session as the chamber moves to pass the four department supply bill and the St Lawrence treaty comes before the Senate. He says the November elections will allow the boys to campaign. The Senate acts on a flood control plan while more bills remain.
MENTIONED IN THIS ARTICLE
House
St. Lawrence
Senate
Rainey
Long-Allen Cohorts Get Gushers of Cash
A 1932 memo from A P Tugwell, Louisiana Highway Commission chairman, forbids hiring teams or trucks, instructs the accounting department to refuse such bills, and designates J R Wendt as maintenance head who aided Long and Allen campaigns. Continuing details note Wendt’s involvement in the 1931-32 primary season.
MENTIONED IN THIS ARTICLE
Long-Allen
Louisiana Highway Commission
A. P. Tugwell
J. R. Wendt
Mysterious Baton Rouge Penitentiary Letter Traced to Deputy
A Louisiana sheriff receives a letter from a Baton Rouge official claiming thanks for money paid, though no payment was made. A deputy, without consent, met a bus passenger described as a paroled man and collected 150 dollars for a supposed legal fee. The incident raises questions about the penitentiary’s involvement.
MENTIONED IN THIS ARTICLE
Louisiana
State Penitentiary
Baton Rouge
Snatch Racket Czar Sankey Nabbed by Authorities
Verne Sankey a former rancher dubbed America s public enemy No 1 was seized by federal agents and city detectives in a barber shop and confessed to two kidnapings. Investigators press him for clues on the Lindbergh case while St Paul officials rush to Chicago to aid.
MENTIONED IN THIS ARTICLE
Chicago
Charles Augustus Lindbergh, Jr
Verne Sankey
Sankey
America
Melvin H. Purvis
Federal Bureau of Investigation
Haskell Bohn
St. Paul
Charles Boettcher II
Denver
Gann
S. D
Lindbergh
Edward G. Bremer
William Hamm, Jr
M. F. Kinkead
Kinkead
New Jersey
Ouster Effort Fails as Senate Panel Plans Hearings
The Senate Elections Committee ruled petitions to oust Senators Long and Overton of Louisiana unsuitable for immediate action and will hold hearings within 10 days to consider the sufficiency of the complaints. Chairman George announced the decision after an executive session.
MENTIONED IN THIS ARTICLE
Washington
Senate Elections Committee
Senate
Long
Overton
Louisiana
George
Georgia
West Monroe Set April 3 Primary for City Election
West Monroe will hold the first primary on April 3 with the general election set for June 12 by law. J. D. Durrett elected chair of the new Democratic executive committee formed by Durrett Drew and Cobb. Entrance fees reduced to 20 for mayor and 10 for aldermen. Current mayoral candidates include Cc. C. Bell and W. S. Heard with eight alderman hopefuls listed.
MENTIONED IN THIS ARTICLE
West Monroe
New Democratic Executive Committee
J. D. Durrett
New Committee
Mr. Durrett
T. C. Drew
J. G. Cobb
Board of Aldermen
Cc. C. Bell
W. S. Heard
H. A. Brownlee
E. O. Smith
Fred Mitchell
B. A. Gentry
Monroe Couple Seeks Help in Kidnapping of Lucille Willis
Mr and Mrs J R Swinney of Monroe request peace officers and news outlets assist in locating their daughter Mrs Lucille Swinney Willis who was kidnapped from her Longview Texas home by four armed men. The abductors entered with pistols and removed Mrs Willis and her infant child while her husband was away. Continued on Third Page.
MENTIONED IN THIS ARTICLE
Lucille Swinney Willis
Longview
Tex
J. R. Swinney
Monroe
Arkansas
Willis
R. E. Willis
Status of Samuel Insull Still Unsettled Thursday
In Athens on February 1, Greek cabinet adjourned without a decision on Samuel Insull. The interior minister said no ruling had been made, and Insull may stay briefly in Athens while he regulates affairs after his police residence permit expired at midnight.
MENTIONED IN THIS ARTICLE
Athens
Samuel Insull
Greece
Insull
United States
January Registrations Hit 4612 Start of Four Year Cycle
Registrations during the first month of the new four year period totaled 4 612 says Miss Lillian Collins registrar of voters. The figure reflects about half the expected amount since nearly 10 000 people paid poll taxes for 1933. Voters must re register every four years and January 1 marked the start of the new period. The registrar's office stays open on workdays and voters may register at any time but rolls are closed 30 days before elections. During the closing period registration can occur but names are not added to the rolls.
MENTIONED IN THIS ARTICLE
Lillian Collins
Registrar of Voters
Louisiana Poultrymen To Meet In Alexandria
A Louisiana poultrymen meeting is set for February 3 at 10 a.m. in Alexandria City Hall to explain the national hatchery code. C. L. Hill and H. L. Shrader will discuss code details.
MENTIONED IN THIS ARTICLE
Louisiana Poultrymen
Alexandria
Baton Rouge
C. L. Hill
State Extension Service
H. L. Shrader
Washington
Two Austin Victims Identified In Suspected Suicide Case
Dr. Claude Mattingly and Mrs. F A C Perrin were found dead in a Texan hotel room. Police indicate likely suicide by narcotic injection, with 45 grains of drug and injection tapes found nearby. Professor Perrin, UT psychology professor since 1925, identified by a will signature on site.
MENTIONED IN THIS ARTICLE
Austin
Claude Mattingly
Mra F
Justice of the Peace
Sam Johnson
Perrin
University of Texas
University of Pittsburgh
Pittsburgh
Texas
University of Chicago
Will Watt
Terrence Watt
Dr. Mattingly
Mistrial Motion In Dean Hearing Overruled
In Greenwood Mississippi on February 1 the defense for Dr Sarah Ruth Dean charged with murder failed to secure a mistrial for a second day over jury selection disputes Judge S S Davis overruled a plea to add twelve peremptory challenges after the state and defense had agreed on six jurors and two were removed for alleged prejudice.
MENTIONED IN THIS ARTICLE
J. J. Breland
Ogden Mills Tax Speech Clashed With Gilded Ball Night
In a caustic critique from New York on February 1, commentators argue Ogden Mills misread public mood defending taxes. They say people in 6 000 cities paused his message to attend luxury balls, silk hats and limousines tilting the optics against poverty claims.
MENTIONED IN THIS ARTICLE
New York
Ogden Mills
Ogden
Also Mentioned on This Page
New York Federal Reserve Bank
Mississippi
EMME
Memphis
Caneeere
Helena Eer Areenas
Arkansas City
Vicksburg
Ee Teeee
Natchez Steeee
Quachita
Camden
Evrreeree
Monroe Aerre
Solon
Jess Ramblin
U. S
Alabama
Eighth
J Streets
Walmsley
Huey
Desperado
The
Women's Committee of
Justice of Peace
Dean
Rogers
Hie Ropertes
McNouges
Ieee
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