Chamber of Commerce breaks with Roosevelt on monetary policy
The national Chamber of Commerce adopts a resolution opposing the President's monetary approach, criticizing credit expansion and foreign trade demoralization. It denounces public spending and housing programs, urges private financing, and backs a devalued gold standard with a renewed emphasis on sound money.
MENTIONED IN THIS ARTICLE
Chamber of Commerce of
United States
Roosevelt
Henry S. Blarkman
Boston
Paul Rhoup
Southern Pacific Railroad
Chester I. Barnard
New Jersey Belt Telephone Company
Public Serks Administration
Public Works Administration
NEA
Chamber
Sprague resigns over Roosevelt policy and currency debate
Prof O M Sprague resigns as treasury adviser telling the President that Roosevelt’s monetary policy will not restore prices, risk government credit, and spawn inflation. James Warburg and Irving Fisher voice opposition while others defend policy. Russia agrees to diplomat swaps and easing tensions as Troyanovsky and Bullitt take posts.
MENTIONED IN THIS ARTICLE
W. Sprague
Treasury
Navvrard
Sprazue
Imight
Sprague
Roosevelt
James
Warburg
New York
Eprague
American Academy of Polltical Science
Philadelphia
Irving Fleber
Yale
Thomas
Oklahoma
Advisory Council
The
Federal Reserve Board
Federal Reserve District
Washington
Federal Reserve Syystem
Morgenthau Defends U S Credit Amid Bond Buyback Plan
Secretary Morgenthau said the credit of the United States is as good as Gibraltar while signaling the Treasury would bolster prices by purchasing federal bonds with surplus funds to support falling government security prices.
MENTIONED IN THIS ARTICLE
Ana
Treasury
Morgenthau
Critlcisma
United States
Gibraltar
Treasury Department
Provo
Farrer Junior High School
National Red Cross
Ogden
Weber County
Salt Lake City
Sevier County Taxpayers’ League
Sevier County League
Federal Surplus Relief Corporation
American Packing and Provision Company
BLY
NUW
Preston
Duavig County
Utah
Census Bureau
Washington, D
Moscow
LDA
Idabho
Roosevelt’s Response to Dollar Depreciation Protests
President Roosevelt’s reply to protests against his policy was conveyed by Washington officials who spoke with him at Warm Springs. He directed continuing the program of depreciating the dollar as part of his economic stance.
MENTIONED IN THIS ARTICLE
Roosevielt
Washington
Warm Springs
Iis
Interior secretary turns $100 million to housing agency
Secretary of the Interior announced he turned one hundred million dollars over to the new federal housing corporation. The agency will undertake slum clearance nationwide and start in Detroit with a model housing project.
MENTIONED IN THIS ARTICLE
Ickies
Federal Housing Corporation
Detroit
Roosevelt Holds Firm Cuban Policy After Welles Contact
President Roosevelt issued a formal statement after a Warm Springs conference with Ambassador Welles outlining U S non recognition of Grau’s Cuban government until factions reconciled. The plan also announced Jefferson Caffery would replace Welles in Havana, easing tensions from Grau supporters.
MENTIONED IN THIS ARTICLE
Nce
Welles
Warm Springs
Roosevelt
Gray
United States
al Thoosevelt
Ambassador Welles
Havana
Washington
Jefferson Caffery
Lavana
Grau
Ilavana
Premier government ousted by deputies vote in France
Across the Atlantic a French chamber vote of 321 to 247 toppled Premier Albert Sarraut’s cabinet over gold standard retention and budget balance. Civil service unions blocked concessions, while Edouard Daladier eyed possible fresh ministry formation amid postwar fiscal strains and shifting alliances.
MENTIONED IN THIS ARTICLE
Albert Sarraut
Chamber of Deputies
Edouard Ferrelot
Newfoundland Faces Demotion and Debt Reform
Newfoundland may lose its status as a British dominion and become a crown colony after a royal commission report. The panel blames rising debt on waste and poor administration, notes 4 percent of income goes to interest, and proposes selling Labrador to Canada to pay the public debt.
MENTIONED IN THIS ARTICLE
Newfoundland
Great Britain
Labrador
Canada
Earthquakes Near North Pole Reported as Greatest Ever
Globe spanning seismic readings claim the largest quake on record occurred between Greenland and Baffin Island with no casualties or damage. PRINST W GIBSON to represent Vermont in Senate following appointment to fill Senator Dale’s seat. Farm Holiday strikes end with milk shipments resuming and a February repeat possible. HMNA in danger of civil war as Fukien province declares independence and may align with communists against Nanking.
MENTIONED IN THIS ARTICLE
North Pole
Greenland
Baffin Island
Prinst W. Gibson
Vermont
Washington
Senate
Wilson
Porter H. Dale
HMNA
Nineteenth Route
Shanghai
Nanking
Fukien
Klangsi
Japan
Formosa
Italy May Withdraw From League If France Refuses Talks
A December 6 report indicates Mussolini’s regime plans a grand council to discuss Italy’s League of Nations membership. In Rome opinions favor withdrawal if France does not agree to a four power disarmament conference in Rome under Mussolini’s pact. France rejects conferences outside Geneva under the League. Three Italian papers hint at withdrawal, including the Nss. Ponda af italia Bi.
MENTIONED IN THIS ARTICLE
Grand Council
Italy
League of Nations
Rome
League
France
Mussolini
Geneva
Nss
Ponda Af Italia Bi
Also Mentioned on This Page
Russia
Cuba
Edward W. Pickard
Savannah
Thomases
King
Rufus King
0. M. W. Spragus
A. A. Troyanova By
Litvinov
Ar. Roosevelt
William ©. Bullit
Alexander Antonovich Troyanovsky
Tokyo
Siberia
Mr. Litvinoy
Ituatla
Hall
Francis B. Sayre
Wisen
Harry F. Pager
RFC
Sayre
Starvard Law School
Cambridge
Socn Ag
Gvvernment
Siam
Netherlands
Spain
Portugal
Denmark
Sweden
Norway
Europe
Nayy
NTA
Wallace
Agricultural Department
Mr. Wallace
Ife
Kansas
Nye
Ava
Bailiwick
Tlon
Woodin
Dean Acheson
Henry Morfenthau, Jr
Farm Credit Administration
Actjing
Arizona
Germany
Acheson
Mr. Acheson
Mr. Morgenthau
Mr. Woodla
Mr. Woodin
Bureau of Fisheries
Department of Commerce
Western
Intermountain News
Afcord
State Tax Commission
Eureka
Tootle High
American Federation of Teachers
American Federation of Labor
Logan
Taxpayers’ League
Salt Lake
Panowan
Dut
Ogden Post
American Legion
Salt Labre City
Garfield
Oquirrh
Loy Scouts
Paroqwan
Uwt
Itren County
United States Reclamation Service
Cache Valley
Tieber
Wintah Basin
Sconlin
Farm Holiday Association
Mix Pool
Milk Pool
William Bruckart
AAAS
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