Banking Situation in Brief Today
The Associated Press reports President Roosevelt extends banking policy and halves expenditures by cutting veteran pensions and salaries. A half billion dollar bond plan to create work for 590000 men in reforestation flood control power development and internal improvements is prepared for Congress. A new bank law enables reopening of sound banks with Treasury approval. Banks reopen gradually as rules permit while food stocks stay ample and prices stable. New York insurance and savings banks resume limited payments and the clearing house begins operations as banks are authorized to reopen.
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Banking Bill Rushes Through To Stabilize Economy
Roosevelt signs and issues measures as the Emergency Banking Act expands currency and controls gold reserves. Woodin and treasury officials meet into the night to implement provisions. The act empowers federal oversight of banks, reopens partially operated banks, and targets hoarding while stabilizing the national economy.
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New Mexico Senate Bill Cuts State Salaries Dramatically
Santa Fe reports show the Senate appropriations bill reduces several salaries led by governor at 4500, comptroller 3000, tax commissioner 3300, health and child welfare directors 3300, and other officials. The measure also lists emergency allocations for commissions, courts, and state agencies amid a broad state budget debate.
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President calls for immediate drastic retrenchment plan
The president urges swift broad fiscal reforms to secure US credit and protect human values. He seeks new legislation to pension and veteran benefits administration, salaries for civil and military employees, and flexible executive power to apply economies during the current emergency.
New Discovery Targets Body Odor With Castile Soap
Science cites body odor from stale perspiration and deep pore cleansing as impossible with ordinary soaps. Kirk's Coco Castile soap dissolves into a bubbly lather that penetrates pores, removes odor causing curds, rinses clean, and leaves skin stimulated, now offered at a reduced price.
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Chaves County Sets Relief Work Pay At $1.50 Daily
At a called meeting the Chaves County Relief Committee set a daily pay of $1.50 for all sections of the county for community work done by men funded by federal relief. Dexter had been paying $1.50 while Roswell and other communities had paid $1.
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