Britain Loans $300 Million in U S Credits to Support Pound
The Bank of England arranged two U S credits totaling 300 million dollars to back the pound at gold parity. Two thirds go to the Federal Reserve Bank of New York, and 100 million through J P Morgan & Co. The move marks a decisive U S support for Britain’s postwar financial stability.
MENTIONED IN THIS ARTICLE
New York
England
Bank of England
United States
Federal Reserve Bank of New York
Federal Reserve System
J. P. Morgan & Co
Great Britain
U. S
Federal Reserve Banks
France
Britain Reinstates Gold Standard In Budget Address
Winston Churchill announces immediate return of Britain to the gold standard in parliament and a Bank of England license to export gold bullion. The Dutch East Indies and Holland also adopt gold standard. A bill will convert Bank of England notes into gold at the bank’s option. Churchill cites $166 million ready for debt payments and contemplates a US loan of at least $300 million if needed.
MENTIONED IN THIS ARTICLE
Britain
London
Winston Churchill
Great Britain
Bank of England
Dutch East Indies
Holland
Bank of England Treasury
Churchill
Treasury
Cabinet Reports Bright Business Outlook Under Coolidge
President Coolidge’s cabinet described the economy as picking up. Secretary of Labor Davis cited settlements in two building trades disputes in Boston and Gary Indiana and growing activity in construction boosting related industries. Treasury Mellon noted high bank deposits and near record bank clearings. Commerce Hoover said freight loadings exceed last year’s level.
MENTIONED IN THIS ARTICLE
Washington
Coolidge
Davis
Boston
Gary
Ind
Secretary of the Treasury
Mellon
Secretary of Commerce
Hoover
Santa Fe Train Wreck Kills Engineer and Fireman
Santa Fe passenger train No. 76 derailed south of Sorrento near San Diego late at night. The engine and two cars overturned. engineer Warboy and a fireman are believed killed. No passengers reported killed though several are injured, announces Santa Fe general manager W. K. Etter.
MENTIONED IN THIS ARTICLE
Los Angeles
Cal
Santa Fe
Sorrento
San Diego
Warboy
W. K. Etter
The
Honolulu War Game Ends With Blue Fleet Victory
In a Pacific theater exercise, the Blues capture and occupy Hawaii after a heavy naval and air battle. The Blacks fail to sink Blue battleships and suffer losses as the Blue fleet lands 1,500 marines for a staged occupation.
MENTIONED IN THIS ARTICLE
Honolulu
Coontz
Hines
Hawaiian Islands
Hawaii
Atlantic
Panama
West Virginia
Maryland
Tennessee
Oahu
Wyoming
Maunaola Bay
St. Robinson
Lewis
Langley
Admira Robinson
McKean
Molokai
Lanai Islands
McDonald
Lanai
Court Calls Union Heads in W V Coal Strike
United Mine Workers leaders including National President John L. Lewis Phillip Murray Van A Bittner Lee Gall William Roy BE W Savage and Frank Ledvinka are ordered to appear in federal court in Wheeling West Virginia to answer charges of violating an injunction tied to the northern West Virginia coal strike. The summons were issued at the request of the West Virginia Pittsburgh Coal Company, a major operator in the field.
MENTIONED IN THIS ARTICLE
W. Va
Wheeling
United Mine Workers of America
West Virginia
National
John L. Lewis
Phillip Murray
van A. ,Bittner
Lee Gall
William Roy
BE. W. Savage
Frank Ledvinka
West Virginia Pittsburgh Coal Company
President Pins Medal on U. S Naval Air Hero
Augustus Butler Row of San Antonio machinists mate in the naval air service received a gold medal from President Coolidge for heroism in rescuing two shipmates from drowning after a seaplane crash in Pensacola. The White House ceremony was witnessed by Secretary Melton Secretary Wilbur and senior Navy admirals.
MENTIONED IN THIS ARTICLE
Washington
Augustus Butler Rowand
San Antonio
Texas
Naval Air Service
Coolidge
Pensacola
White House
Melton
Wilbur
Navy
Illinois State News Highlights From Knox College to Herrin Churches
A mock Illinois legislature was staged by Knox College literary societies in Galesburg. In Rockford Tony Marino, 19, guilty of murdering Charles Patterson at South Beloit, was sentenced to literary baht. In Rock Island Judge Searle set the Looney trial for May 25. In Metropolis Jack McGee, 68, farmer and Republican leader near Joppa, shot himself after writing a note to his family. In Chicago Mrs. Mary Resnan, widow of Patrick Regan, died in a fire at the Eye Nose and Throat hospital. In Moline Mayor Sandstrom warned concession bidders not to charge more than 5 cents for treats. In Duquoin hundreds attended Herrin church dedication of a 75000 Catholic church. In Chicago William Hisze leaped to his death amid murder charge suspicions.
MENTIONED IN THIS ARTICLE
Galesburg
Knox College
Rockford
Tony Marino
Charles Patterson
South Beloit
Rock Island
C. J. Searle
John F. Looney
Metropolis
Jack McGee
Jeader
Joppa
Chicago
Mary Resnn
Patrick C. Regan
Ear Nose and Throat
Moline
C. W. Sandstrom
Duquoin
Williamson
Franklin
Terry
Jackson
Tilinois
Herrin
Ienry Althoff
Belleville
Snowfall Heavy in Southeastern Australia Winters
Snow covers forests and plateaus in Victoria and New South Wales with depths reaching feet on high lands and plateaus from May to September. Occasional ground cover extends to Melbourne and Sydney, while Tasmania shows perpetual snow on some mountains.
MENTIONED IN THIS ARTICLE
Australia
Melbourne
Sydney
Victoria
New South Wales
Tasmania
Nwo
Luck for the Turks Chotin Battle in Bessarabia
The article notes Turkish defeats in Bessarabia historically, listing battles of 1624 and 1673 against Poland and 1739 and 1769 against Russia, underscoring the area as a memorable chapter in Turkish military history.
MENTIONED IN THIS ARTICLE
Bessarabia
Turkey
Keep Straight Path Says Dishonesty Spares None
A quotation notes that grasping is dishonesty and does not respect persons. It claims it will cheat friends and foes and, if possible, would cheat even God Himself.
MENTIONED IN THIS ARTICLE
God
Bancroft
Also Mentioned on This Page
Federal Reserve
Morgan
HAWAI
Blue Fleet
U. S Naval Air
Illinois State News
William Hisze
South Hermitage Avenue
House of Correction
Emil Tripp
Peter Molyn
Bae HE
Eer
Public Service Company OF
Northern Illinois
Illinois Street
Chicago Heights
Calumet Concrete Construction
West 115Th ST
Phone Puleman
Zual Uci
Riverdale
Ellie
Tan
Conrad Kern
Indiana Avenue
South End Supply Company
138Th & C.& E.I
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