New Federal Reserve Board Takes Office and Policy Shifts
Five of the seven members of the new Federal Reserve Board were sworn in amid ceremony. Ralph W. Morrison arrives later to be sworn, while Marriner Eccles and M. S. Raymzak remain as holdovers. The board, dubbed a supreme court of banking, wields power to set margins, supervise open market operations, and influence bank-broker relations, signaling a dramatic shift in U S monetary policy. The article also covers the Farm Program Bill in the Senate, Bankhead and Kerr Smith acts, and President Roosevelt’s push to repeal three AAA auxiliary laws, amid debates on constitutionality and court rulings.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Ralph W. Morrison
Texas
Reconstruction Finance Corporation
Joseph A. Broderick
New York
Reserve Board
Supreme Court of Banking
Senate
Bankhead-Jones
AAA
Senate Agricultural Committee
Eilieen D. Smith
South Carolina
Bariculture
Wallace
oMciais
Agriculture, Treasury and Justice Departments
Supreme Court
Erittelem
Allen T. Treadway
Massachusetts
House
Congress
Roosevelt
Dickinson Plan Seeks End to Farm Bureau Control
Senator L. J. Dickinson proposes a permanent farm program to separate farming from federal bureaucratic oversight. The plan covers erosion control gulf conservation land fertility restoration with joint state and federal administration akin to highway funding. It echoes Lowden ideas and calls for AAA debt payments higher farm product tariffs continued corn loans and extended low interest farm mortgages.
MENTIONED IN THIS ARTICLE
Dickinson
L. J. Dickinson
Dow
Washington
Frank O. Lowden
Uitnals
Eastman Seeks Unification of Rail Terminal Facilities
Jones B. Eastman, transportation coordinator, plans to unify terminal operations in eleven cities to cut about 50 million dollars in annual waste. The moves aim to save railroads at least 800 thousand dollars yearly, with orders to be issued in Worcester, Mechanicsville, Grand Rapids, Jacksonville, Montgomery, Meridian, Freeport, Des Moines, Council Bluffs, Beaumont, and Ogden. If needed, further areas may be compelled, and the office may extend beyond June with five-year support urged.
MENTIONED IN THIS ARTICLE
Congress
Baatman
Neutrality Bill Attacked by J Bassett Moore
John Bassett Moore former World Court member condemned the neutrality bill at a secret Senate Foreign Relations Committee meeting later publicized by Senator Johnson of California. He called it a curious blend of homicidal and crisis mania and attacked powers to curb shipments of steel oil and cotton to warring nations while preserving arms embargo.
MENTIONED IN THIS ARTICLE
J. Bassett Moore
John Bassett Moore
The
World Court
Senate Foreign Relations Committee
Johnson
California
Bhl
Moore
Kansas Republicans Name Alf Landon for Nomination
Kansas Republicans including state committee members and Kansas Day Club leaders in Topeka presented Gov Alf Landon as their nominee. He spoke to banquet attendees outlining plans to curb federal extravagance, restore prosperity, and aid agriculture through a soil conservation program.
MENTIONED IN THIS ARTICLE
Kansas
Landon
Kassas
Republican State Committee
Kansas Day Club
Missouri Valley
Topeka
Alf Landon
Mr. Landon
Lindbergh Case Reopened by New Jersey Governor
Governor Harold G Hoffman orders a renewed, thorough probe into the Lindbergh kidnapping and murder. Col H Norman Schwarzkopf leads two state detectives with help from federal agencies and the NYPD. The reprieve for Hauptmann expires February 15, potentially delaying execution by four to five weeks. Justice Thomas W Trenchard presides. Attorney General and Attorney Wilents may approve further delays only if new developments arise.
MENTIONED IN THIS ARTICLE
Lindbergh
Hoffman
Harold G. Hoffman
New Jersey
H. Norman Schwarzkopf
New York
Hauptmanh
Thomas W. Trenchard
David T. Wilents
Talmadge Boom Moves Georgia Democrats for Nomination
In Macon Georgia a coalition of 17 southern and border statesmen launched a pro Talmadge movement for the Democratic presidential nomination. They urged him to run as a constitutional Democrat opposing New Deal theorists. Talmadge declined to comment as the motion called for preserving the Constitution state sovereignty and American government.
MENTIONED IN THIS ARTICLE
Talmadge
Georgia
Macon
Eugene Talmadge
Roosevelt
Thomas Jefferson
South
Day
C. K. Allen
Soul
Mana
Huey Long
Gov
Tax plans, FDIC move loom in Roosevelt era reform
Washington reports debate over treasury tax plans and excises as Congress debates balancing the budget. Talks center on a sales tax and higher income tax brackets, with plans to expand duties while avoiding broad political backlash before the election. FDIC expansion and agency consolidations draw fresh scrutiny amid roiling political winds as Roosevelt supporters weigh strategy for Philadelphia.
MENTIONED IN THIS ARTICLE
Washington
Traasuy
Aod
Morgenthau
House Trays and Means Committee
Doughton
Treasury Department
le Follette
Roosevelt
Derson
al Smith
Liberty Teague
Crown Remains as Britain Mend Its War Toll
The funeral crown and royal burial rites mark King George VI’s interment beside Queen Victoria and King Edward VII. The London service, broadcast globally, notes Britain’s vast empire as veterans begin a massive bond program worth 2.4 billion dollars for World War I survivors.
MENTIONED IN THIS ARTICLE
Red Cross
Eton
England
Abderlekat
George
Edward VII
Queen Victoria
Arthur Frisbane
Aimple
Versatile shirtmaker frock pattern for all ages
A budget wardrobe shirtmaker frock suits country and town wear. Wool or wool-appearing cotton fabrics recommended. Pattern 2607 in sizes 12 through 42 with sizes listed and yardage noted. Illustrated step by step sewing instructions included. Send 15¢ plus name address and size to Sewing Circle Pattern Dept. 248 W Seventeenth St New York City.
MENTIONED IN THIS ARTICLE
Dagaroom
Sewing Circle Pattern Dept
Seventeenty St
New York City
Castle of True Wires legend in German fortress tale
In Heilbronn War temburg, the ruin of Welbertreu Castle hosts a Twelfth century tale where a feudal chief seizes male residents and orders execution. Women are allowed to depart carrying only their most valued item, each bearing her husband on her back, giving the fortress its name The Castle of True Wires.
MENTIONED IN THIS ARTICLE
FDIC
Tts
Fey
Heilbroon
Wartemburg
Germany
Welbertreu
Walla
Saya
Also Mentioned on This Page
Evants
McGreen
Lewis Prges
Green
Marriner
Eccles
League
Italy
League of Nations Committee of
Geneva
Poland
Czechoslovakia
United States
United States Administration
Mussolini
Ethiopia
Tembien
Rome
Bas Desta Demtuy
Ganale Doria
Alatia
Addis Ababa
Bis Somp-Law
Ray Desta
Kondylis
Greece
Grorgh Kondylis
Gropes
Ang Associates
Kongyls
Apita Carter Field
Treasury
Senatorg
Smith
Federal Deposit
Ngnrance Corporation
Jeane Jones
Reconstruction Binapee Corporation
Ign
Bethlehem
Federal Reserve System
Reserve System
Crowley
Jesse Jones
RFCC
Department
Secret Service
Bureau of Investigation
Department of Justice
Miss Perkins
Justebé
Al'Smith
American Liberty League
Frances Perkins
Misa Perkins
Ferking
Capitol HI
James F. Byrnes
Apthor
Joseph W. Byrnes
Tennessee
John J. O'Connor
House Rules Committee
Ble
Oberman O'Connor
James J. Dooling
Tammany
James 4. Farley
Tammany Centre
Seddie
Wigwam
Tammany Hall
Brisbane
Halle Selassie
Associated Presa
Newa
Red
Rag Desta Demtu
Annette
Marseillaise
Lloyd George Snys
Baweil
John Horan
Milwaukee
Ben Diego
Calif
San Diego
Brajlig Club
Atu UA UD
M. E. Ryescaes
Wes i
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