Details of currency bill outline three key aims
Washington June 21 details of the administration currency bill outline three principal objects. Rediscounting of specified commercial paper forms the first aim. A basis for elastic notes safeguarded by federal reserve banks forms the second. A mechanism for foreign banking operations forms the third. The plan envisions 12 plus federal reserve banks rediscounting paper and handling government securities under a Federal Reserve Board with seven members. The board includes ex officio Treasury Agriculture and Comptroller, plus four presidential appointees with Senate confirmation.
MENTIONED IN THIS ARTICLE
Washington
Representative Glass
House Committee On Banking and Currency
Glass
Federal Reserve Banks
Government Securities and Exchange
Federal Reserve Board
Secretary of the Treasury
Secretary of Agriculture
Bank notes and bonds plan under national reform bill
The plan keeps national bank note circulation intact and taxes no retirements of about 700 million dollars in public 4 percent bonds. A future amendment may refund these bonds into new 4 percent bonds. It also contemplates up to 500 million dollars in federal reserve treasury notes issued at the Fed boards discretion for advances to Federal Reserve banks, with no public business.
MENTIONED IN THIS ARTICLE
National Bank
Federal Reserve Treasury
Federal Reserve Board
Supreme Court gains and loses cases in year end report
Washington reports the supreme court adjourned with 604 cases on the docket, 98 fewer than a year ago. The judicial year closed saw 21 more new cases and 77 more dispositions than the prior year. Leavenworth notes Maggie Au France, Wyoming’s famed “sheep queen,” paroled after six months in Cheyenne custody for white slavery. President Wilson commuted Albert Gonzales’s death sentence to life imprisonment, citing his insanity.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Wyoming
Leavenworth
Kan
Maggie Au France
Federal Parole Board
Au France
Cheyenne
Wyo
Wilson
Albert Gonzales
Gonzales
Free Sugar Fight Told By Lowry and Hamlin Letters
Washington June 21 The senate committee probing the sugar lobby heard Frank C. Lowry of the Federal Sugar Refining Co explain the free sugar push to end the duty and noted his national campaign roles. Melville E. Stone of the Associated Press and Charles B. Warren of Michigan Sugar identified Hamlin correspondence as part of beet sugar publicity efforts. Senator Newlands spoke on use of his name in letters as testimony continued.
MENTIONED IN THIS ARTICLE
Washington
Senate Committee
Frank C. Lowry
Federal Sugar Refining Company
Committee of Wholesale Grocers
Cummins
Nelson and
Walsh
Overman
Robert S. Lovett
Union Pacific Board of Directors
Lowry
Federal
Secretary of the Navy
Mr. Daniels
Resolutions Committee
Baltimore
Charles B. Warren
Michigan Sugar Company
C. C. Hamlin
Melville E. Stone
Associated Press
Clarence C. Hamlin
The
News Association
Newlands
Salem youths jailed for 25 years in kidnaping case
Frank Sullens and Ernest Harrison were found guilty of kidnapping Dorothy Holt a 15 year old girl and were sentenced to 25 years in the penitentiary. The confession of Sullens and the lack of Harrison at the mining site were noted as the case details emerged in Salem II. Dorothy Holt testified she was assaulted and dragged between locations before morning recovery by neighbors.
MENTIONED IN THIS ARTICLE
Salem, II
Frank Sullens
Ernest Harrison
Dorothy Holt
Charles H. Holt
Sullens
Harrison
Sul Jena
BASIC PRINCIPLES OF CURRENCY BILL
Washington notes define currency fundamentals for a new banking system. The federal government will preserve currency stability as an inherent sovereign power not shared with banks. A general reserve system will pool bank assets to enable face credit and redeem bonds.
MENTIONED IN THIS ARTICLE
Washington
Suverelenty
Bernucratic Party
Alrealy
Japs Increase in Hawaii Population 1910 Census
Washington reports 1910 census bulletin shows Japanese 79,655 or 41.5 percent of Hawaii population, with Chinese and Koreans totaling 105,882 or 55.2 percent. Caucasians reach 44,048 or 23 percent, natives surpass one half. The decade 1900–1910 adds 15,229 Caucasians, while Japanese rise 30.4 percent and Chinese decline 15.9 percent.
MENTIONED IN THIS ARTICLE
Washington
Hawaii
Durand
Bureau of Census
Department of Commerce
United States
Lynching of Negro Suspect After Attack on Judge's Daughter
In Hot Springs Arkansas on June 21 a mob captured William Norman a 20 year old black man suspected of assaulting Garland Huff 14 the daughter of Judge C Floyd Huff. Norman was hanged at an electric light pole his body burned while crowd bystanders watched and a stray bullet wounded Granville Wallace a station checker. The judge’s three younger sons witnessed the mob's action.
MENTIONED IN THIS ARTICLE
Hot Springs
Ark
Garland Huff
William Norman
C. Floyd Huff
Norman
Tom McCafferty
Ernest Simms
Cedar Glades
Granville Wallace
Checker
Hildreth
Ouachita Avenue
Judge Huff
Huff
Whittington Avenue
Cook
Also Mentioned on This Page
the Bank of Personal Service
Bank OF Prescott
Prescott
Arkansas
Lovett
Warren
Hamlin
Senator Newlands
Stone
Salem
Erator
Will
All On
Ozan Mercantile Company
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