McAdoo outlines currency options under Aldrich-Vreeland bill
Secretary McAdoo said no applications had been received from national banks or currency associations for new currency under the Aldrich-Vreeland act. He explained that the act allows issuance to meet needs, with $500,000,000 available upon compliance, and noted President Wilson, McAdoo, and lawmakers are crafting a broader currency reform bill. He stressed the act’s provisions and historic use while acknowledging resistance from some banks, and cited the value of emergency currency in 1907 as a precedent.
MENTIONED IN THIS ARTICLE
Pire McAdoo
McAdoo
Ary McAdoo
Aldrith-Vréeland
Aldrich- Vreeland Ac
Crainry
Aly
Massachusetts
Nork
Chicago
St.ouis
Treas Department
Aldrich-Vreeland
Wilson
Congress
Agnes
Owen
Glass
Plans to Trade Union Pacific Stock in New Merger Plan
Attorneys presented a merger hearing plan offering 48 million in Southern Pacific stock to Pennsylvania Railroad stockholders in exchange for 21 million in Baltimore and Ohio shares plus preferred and common stock. Five plans were outlined, including public subscription and stock trust options, with the exchange affecting only a small portion of Southern Pacific holdings.
MENTIONED IN THIS ARTICLE
St. Paul
Mian
Enjon Pacific Railroad
Southern
Pacific
Pennsylvania Crags
Baltimore& Oia
Union’ N Macifie
Sanborn, Dino and
Smith
Baltimore & Ohio
Union Pei “Alraidy
Union Pacific
Sothern Pacific
City Honda
Union Pacffic
Central Pacific
Ogden
San Francisco
Jin
Southerne
Southern Pacifi
Balal
McReynolds
Objet
WidenWan Tacics
the. Varkine
Wilson Denies Split Over Tax Plan Move
President Wilson denied reports of differences with Attorney General McReynolds over a graduated excise tax to curb the tobacco trust. He said he neither approved nor disapproved the idea, did not discuss it, and had no knowledge of the plan. The senate finance committee reportedly pigeonholed it, and observers expect the plan to die. Washington.
MENTIONED IN THIS ARTICLE
Wilson
McReynolds
Tobacco Trust
Senate
Senate Finance Committee
Mr. Wilean
Washington
Roosevelt to Visit Argentina for US Progress Lecture
New York June 15 Colonel Roosevelt plans a trip to Argentina to lecture on the progress of the United States though details are unsettled. Departure hoped for this fall. Also a Pa farmer Levi S Vachman 62 died when crushed by a mule wheel while hauling gravel on a road. In Corning Edward Payson Weston moved ahead of schedule in a 1561/2 mile walk from New York to Minneapolis, passing Elmira while John Ennis continued toward the destination.
MENTIONED IN THIS ARTICLE
United States
Thegos Ayres
Argentina
Theodore Roosevelt
New York
Roosevelt
Shillington
Levi S. Vachman
Spring Township
Walker
Arbitration pact in Latkans dispute between nations
The Serbian and Bulgarian governments agreed to Russian arbitration over the Latkan territory acquired during the Balkan War. The News reports all the news from the proceedings and background surrounding the accord.
MENTIONED IN THIS ARTICLE
Latkans
St. Petersburg
Jame 12
Also Mentioned on This Page
Il Street
Bernstorf
Bank
Coum
Chris van Guenther Vanstorff
Spn
Genny
Weimer
Ieee
Cavite
Tureradie
Warner Prlg
Witisenienl
Etchison & Cline
Piiness
W. H. B. Etchison
W. Hy
Etchison
Cline
C. B. Cline
Braddock
Southern’ Pacific
T. R
Florida
California
Jamaica
Marino
North Market Street
Baltimore
Frederick
Comamercia
J.A. Ramsburg
Frederick, Md
Thea
Cerman
Belvetiy
Molieina
IFAS
Philo
Bork
Doll Bros
Arc
Colgate’s
Doll Brothers
North Market
St. Frederick
Mad
the People's Fire Insurance Company of Maryland
And
Sts. Frederick
Kemp’s
Mendel
Pran
Just
TscVd
Chi Wren
Sam
C. Thomas Kemp
the Square
Carty
Carty’s
Patrick St
East
Panamas
Mackinaw
Lowenstein. & Wertheimer
Foot. Outfitters
B. Rosenour &S
Outfitters
Patrick ‘Streets
Singer
Child's Nursery Chair
Iver Johnson
N. Market St
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