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Parowan Times in Parowan, Utah

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Parowan Times

Location

Parowan, Utah, United States of America

Date

May 05, 1933

Page

6

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.

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.

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.

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.

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.

Washington America Roosevelt United States Congress Treasury Federal Reserve Banks

Also Mentioned on This Page

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