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News in Frederick, Maryland

17 Sep 1964

Page 7

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News September 17, 1964 Page 7 old newspaper archives

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Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Sep 17, 1964

Page

7

Governors Lose Springboard to White House In Congress Era

The AP reports that governors are no longer reliable paths to the presidency as national power shifts to Congress. Senate leaders and minority chief Dirkksen blame centralized federal power and reduced state influence for governors failing to produce viable presidential candidates.

MENTIONED IN THIS ARTICLE

G. Milton Kelly Washington White House Congress Senate Washington Franklin D. Roosevelt New York Adlai E. Stevenson Illinois Stevenson Calvin Coolidge Massachusetts Johnson Hubert H. Humphrey Minne Harry 8. Truman Sen Mike Mansfield D-Mont Mansfield Everett M Dirksen Ril Dirksen
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Civil War Greenbacks and Gresham's Law Revisited

Babson notes the Civil War era issue of 450 million in irredeemable greenbacks under Gresham's law. highlights 1862 5c 10c and 50c fractional notes, gold premiums, and eventual specie payments in 1879. Warns current coin shortages could trigger similar effects, urges prudent minting and inflation safeguards. He also touches on earth tides observations and a North Carolina Outer Banks harbor scene.

MENTIONED IN THIS ARTICLE

Roger Babson Babson Park Mass U.S W. Batson Gresham Macaulay England Sion Old Bailey Congress Johnson Mr. Goldwater Coast Guard North Carolina
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Also Mentioned on This Page

AFC Sted Shetland General Electric Steam Iron Fabric Ironing Guide Joe's Sence Electrolux EASK Sam Pearson East Patrick ST Babson Washington BD Board of Civil Service Examiners Services of Administration Washington, D.C
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