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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 20, 1933
Page
3
The London world economic talks stall over currency stabilization as the United States refuses a fixed exchange rate plan. Inflation driven by a cheaper dollar lifts domestic prices, yet markets rally again after denials of a US accord. The administration links restraint to the 1926 price level.
Emergency relief chief Harry Hopkins says a few employers tried to use public funds to subsidize starvation wages. Lorena Hickok will tour the nation to audit how relief funds are handled, promising objective reports on preventing graft and exploitation in relief spending.
The article argues that when halt time arrives President Roosevelt and his aides will face severe tests. It cites expected price reactions and political pressure to extend inflation measures, noting Roosevelt has congressional authority to control the situation and his courage and judgment will be pushed to the limit.
One line notes that while an old adage divides the world, current senate probes seed distrust about how different halves live. The remark attributes growing suspicion to political scrutiny.
A Los Angeles man who swallowed a tack and coughed it up in an ambulance en route to a hospital appears to have carelessly avoided a cigarette brand, according to a readable fragment in the clipping.
The piece surveys Devil's Island in French Guiana with its six prisoners and famed convict Laporte later shifts to U S political maneuvering. It describes Roosevelt era pressure on legislators, Garner's behind the scenes role, and notes on French propaganda and bank legislation impacting New York banks and deposit insurance.
Economists and speculators pressed Washington as London discussed temporary currency stabilization. Objections cited potential impacts on commodity prices and inflation. The Cox committee adjourned to reconsider as negotiators weighed a $4 to £4.25 target, with Morgan bankers implicated in exchange actions despite bipartisan critique.
A look back marks anniversaries in Muscatine. Forty years in Iowa discussed by Rev. A B Robbins in Dubuque, and Rev W H Klinefelter accepts a professorship from Woodbridge College. Twenty five years ago E C Stocker named congressional committeeman. Modern Woodmen drill team returns from Peoria. Phil J Mackey joins Mississippi Valley Power Boat trustees. Ten years ago Rev Frank S Leeds dies. gas bills delayed by Muscatine Lighting. voting machines bought by county board.
Secretary Woodin stays out of debt talks as Moley handles negotiations. The Morgans and Davis are key figures in a delicate dispute with both sides watching leaks. Veterans fight in Washington as administration faces heat with tactful handling.
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