Roosevelt monetary plan aims to nationalize gold and reto fit dollar value
Roosevelt proposes nationalizing gold reserves and power to revalue the dollar within 50 60 percent of current gold content to restore purchasing power. He calls for government ownership of added dollar value from gold, a 2 billion dollar fund for gold and securities operations, and denies a greenback return. The plan faces Senate hearings with Morgenthau defending it and opposition from Glass Gore and other critics.
MENTIONED IN THIS ARTICLE
Roosevelt
Congress
Federal Reserve Banks
Duncan A. Fletcher
Florida
Senate Banking and Currency Committee
Morgenthau
Carter Glass
Virginia
Thomas P. Gore
Oklahoma
Homer Cummings
Federal Reserve System
Eugene Black
Reserve Board
Fletcher
Black
Federal Reserve
McAdoo
California
Glass
Gore
Michigan News Roundup Diverse Events Across State
Bay City fire losses drop to 63025 for 1933 down 33000 from 1932. Burglary at a downtown department store yields 6000 in goods. Forest land purchases earmarked across Michigan totaling millions. Fatal automobile crash near Saginaw leaves two dead and a critically injured man. Portable house deaths by gas fumes in Romulus. Various local incidents include a 88 year old war veteran request and a fatal car overturn near East Tawas. Public instruction planning, school financing and tax reform plans announced in Lansing. Authorities warn against worthless oil stocks and approve 27 new CWA landing fields. Detroit and state reports cover prison lighting upgrades and a large Michigan share of auto production in 1933. A veteran’s hotel room, a 5 inch wire in Albion, and a banana fruit baby snake find mix of city notes. Governor Comstock appoints commissions to study transportation costs, while a Detroit bank reports 1933 nine month performance and growth. A rare 20 acre park in Copemish given for public use by local donors.
MENTIONED IN THIS ARTICLE
Bay City
Ann Arbor
Lansing
National Forest Reservation
Michigan
Huron
Manistee
Marquette
Hiawatha
Ottawa
Saginaw
Carl G. Dinse
Erwin Seidel
Diase
Seidel
Romulus
George Keene
Rodney
Washtenaw County
Fulton
Edwin Bowman
Wakeshma Township
East Tawas
Howard A. Leist
Alpena
Here
Leist
Comstock
Secretary of the Interior
Harold C. Ickes
Mt. Pleasant
Paul F
Voelker
Public Instruction
Eansing
George F. Mackenzie
State Securities Commission
Mackenzie
State Commission
Port Huron
Chester Ostrawske
Gov. Comstock
Ostrowske
Detroit
Grand Rapids
Robert Hings
University of Detroit
H. Gordon Anderson
State Normal College
Ypsilanti
David Goldman
David Goldman of the Colleges of
Homer
Fred Andreus
Albion
Andreus
Pontiac
Honduras
Purser Fruit Co
Edward Barber
Dis
Barber
Ponac High School
Frank A. Picard
Liquor Control Commission
Muskegon
Sunrise Co-operative
Jackson
Michigan State Prison
Peter F. Gray
Gray
Floyd Evans
State Board of Aeronautics
Washington
CWA
American Automobile Association
New York
United States
Canada
East Jordan
Catherine Walsh
Roosevelt
Walsh
NRA
U. S
Peter B. Lennon
Lennon
Theodore C. Ruff
St. Clair
Federal Department of Agriculture
Buchanan
Clem
Little Joé) Savoldi
National Bank of Detroit
Copemish
Buckley & Douglas, Dioneer
National Topics Interpreted by William Bruckart
Washington commentary analyzes Roosevelt era fiscal policy and budget figures through June 1938. It contrasts projected capital and ordinary expenditures with prior years, notes veterans funding shifts, and questions how a ten billion dollar congress will spend the current year. It also mocks congressional junkets to Florida and other sites as fiscal excess.
MENTIONED IN THIS ARTICLE
Washington
Franklin D. Roosevelt
Herbert Hoover
House
Senate of Congress
Congress
Roosevelt
Treasury
Mr. Roosevelt
Executive Departments
White House
Veterans’ Administration
Congressional
Pacific
Senate
Florida
Everglades
Chapman Field
Cuba
Haiti
Bermuda
Western
Union
Also Mentioned on This Page
Carlos Mendieta
Edward W. Pickard
O ‘Jho
Island Republic
Ramon Gray San Martin
Carlos, Hevia
Grau
Annapolis Naval Academy
Hevia
Supreme Court
Fulgencio” Batista
Antonio Guiteras
Tate
Fulgencio
Santa Clara
Camp Columbia
Havana
Mendieta
Batista
Guiteras
ABC
OCRR
Ermany
Reichsbishop
Mueller
Doctor Richter
von Hindenburg
Berlin
Germany
Hitler
Democratic National Committee
Robert Jackson
New Hampshire
Frank O. Walker
J. Bruce Kremer
Borah
Idaho
Norris
Nebraska
Nye
North Dakota
Hugh Johnson
Reconstruction Finance
Corporation
Louis T. McFadden
Pennsylvania
Thomas N. Hepburn
Connecticut
Margaret Sanger
Talo Balbo
Italy
Chicago
Mussolini
Dace
Libya
Africa
Mediterranean
Alberto di Giussano
Balbo
Pietro Badoglio
North African
Italo Balbo
Ways and Means
Allen
Isaac Bacharach
Bacharach
India
Verto
Weather Bureau
Willis G. Gregg
Charles F. Marvin
Amille Chautermps
Bayonne
Chamber of Deputies
Serge
Handsome
Alex) Stavisky
Chautemps
Foochow
Fu- Kien
Nanking
Nineteenth Route Army
Tsing’ Ting-kai
Gordon Burke
Tulsa
Western Newspaper Union
Ludwig Mueller
Premier Chautemps
Irom
Benton Harbor
Charles Bayhus
Andrew Bayhus
Baroda
Elmer F. Cole
Grover G. Stine
Saginaw County
Allegan
F. C. Gallagher
Allegan County
Board of Supervisors
Byatt
William Bruckart
Puzzles
Observera
Bes
Military Affairs Committee
Congressmen de Plan
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