Inflationary measures dominate Senate debate in Washington
The Senate debated the inflation amendment to the farm relief bill with supporters claiming a massive transfer of value from creditors to debtors, while opponents warned of long term harm. President Roosevelt discussed disarmament and international debt talks with British and French leaders, amid plans to reopen war debt settlements and pursue currency stabilization. The piece also notes rising commodity prices, tensions over the gold standard, and growing political unease in Europe and Asia.
MENTIONED IN THIS ARTICLE
Becceo
Senate
House
David A. Reed
Pennsylvania
Reed
Tidings
Maryland
Thomas
Oklahoma
Pat Harrison
Mississippi
Melton-Mills-Meed
Borah
MacDonald
Roosevelt
Great Britain
Herriot
France
Hoosevelt
Congress
United States
Bia
Bennett in Washington Seeks Keener Trade Ties
Prime Minister Bennett of Canada meets President in Washington while Italy’s Guido Jung and Germany’s Hjalmar Schacht travel to the capital. Viscount Ishii to arrive May 23 as Canada signals readiness to discuss proposals for closer commercial relations with the United States. Bennett asserts Ottawa agreements do not block these trade talks and defends Canada’s stance on the gold standard.
MENTIONED IN THIS ARTICLE
Richard B. Bennett
Canada
Washington
Guido Jung
Italy
Hjalmar Schach
Germany
Japan
Kikojire Ishii
Bennett
Mep
United States
Ottawa
Rhodes
House Passes Muscle Shoals Development Bill Amid Dispute
The house refused to accept the Norris senate substitute and advanced the Swain bill for Muscle Shoals development by a 306 to - with 17 Republicans and 5 Farmer-Laborites voting with the majority. The house plan calls for 20 to 40 million dollars in appropriations and a bond issue to start the program, while the Norris bill seeks broad authorizations. Nebraska measures tighten government control over power transmission. In Geneva the world disarmament talks show Massigli proposing a regional anti war pact with commissions to judge violations of the Briac Kellogg pact and aid to victims. Concrete steps to curb misuse of civil aircraft were outlined by the US, Canada, Argentina and Japan.
MENTIONED IN THIS ARTICLE
House
Muscle Shoals
Geneva
Tene Massigli
Universal Massigl
United States
Canada
Argentina
Japan
Hoover era Republican group forms to aid 1934 return
A new organization formed by prominent Hoover era Republicans aims to mobilize support for the party in the 1934 congressional elections. Walter F. Brown is president, Ogden Mills chairs the board, Arch Coleman directs Washington operations, and WW Irving Glover leads organization. The group includes six former cabinet members and other GOP notables. Wisconsin becomes the second state to ratify repeal by unanimous vote, with Governor Schmedemann presiding over a Capitol ceremony.
MENTIONED IN THIS ARTICLE
Pembhicar Federal Associates
Walter F. Frown
Ogden Mills
Treasury
Hoover
Arch Coleman
Washington
Irving Glover
Coleman
Roosevelt
Ernest Lee Jahnecke
Willis, Brown
Roy D. Chapin
Arthur SM. Slyde
William N. Doak
Ray Lyman Wilbur
Walter E. [Lepe
the Treasury
James Jd. Flatchell
Union City
Ind
Longworth
Castle
Moos
St Paul
Jahnecke
Harry Culver
Iscionsin
Capitol
Madison
Schmedemann
Wasters Newspaper Union
Currency Epochal Change and Roosevelt's Gold Standard Departure
Washington column explains the shift away from the gold standard under President Roosevelt in 1933, detailing the emergency powers granted, the embargo on gold exports, and the move toward inflationary measures. It discusses the implications for the dollar, foreign exchange, and potential effects on prices, banking, and legislative action.
MENTIONED IN THIS ARTICLE
Washington
America
Roosevelt
United States
Congress
Treasury
Federal Reserve Banks
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