Roosevelt Banking Plan Accelerates Money Expansion
The Roosevelt administration and Congress enacted rapid banking reforms to expand the currency beyond gold. The new federal reserve notes will be backed by U.S. bonds and liquid bank assets, aiming for a unified system, reopening banks, and stopping hoarding while preparing emergency scrip.
MENTIONED IN THIS ARTICLE
Roosevelt
Congress
Treasury
William H. Woodin
Federal Reserve Bank
Federal Reserve
Federal Reserve System
Senate
House
Federal Reserve Board
Federal Reserve Banks
Michigan Briefs Span Rail Loans Air Mail Route Start
Alpena reports a crew of 75 put to work on stamping and brushing along a state highway after Alpena County agreed to an RFC loan of 4805 dollars. Grand Rapids starts direct air mail to Milwaukee over Lake Michigan by Kohler Aviation Company under a new mail contract. Mason notes old parchments and a 1845 teacher certificate found in county records. Lansing covers MSU student Kenneth Moore, 82, treated for a dislocated jaw after yawning while driving. East Detroit reports a 3-year-old girl died when a cupboard collapsed on her.
MENTIONED IN THIS ARTICLE
Alpena A
Alpena County
Grand Rapids
Milwaukee
Michigan
Kohler Aviation Company
Lansing
Kenneth Moore
Michigan State College
Negaunee
Sault Ste. Marie
Donald Willams
Frank Burns
Grandma
Don Marquis
Mehitabel
A. J. Januzzee
Ionia
Henry van Totenhove
Saranac
Ionia National Bank
Leo McAlary
van Totenhove
Mt. Clemens
Macombe County
First National Bank
Monroe
Construction Materials Co
Chicago
War Department
Monroe Harbor
R. C. Huffman Corp
Cleveland
Lower Peninsula
Detroit
Southfield
Julius
Porath:& Son
Southern Surety Co
Des Moines
National Surety Co
New York
White Cloud
Bert Salyer
Allegan
Cecil Dostie
Dumont Lake
Dostie
Dostin
Michigan Farm
Wabjamega
Tuscola ‘County
Belding
Belding Basket Co
Jackson
Elmer Courter
Here
Ludington
Coast Guard
Mt. Pleasant
Howell
Tim Bender
Rushtown
Muskegon
Lake Michigan
Robert T.blair
R. Blair
Battle Creek
Calhoun County Bar Association
Blaine W. Hatch
Luther
Fred Johnson
Ivrene Mogell
Jay
Mae Mogell
Senate
Munshaw
State Administrative Board
Supreme Court
Coldwater
Frank Crull
Crull
Sherman Richardson
Richardson
Donald
Hill
Opal
Joe
Otway No. 2
Porter Township
Midland County
Pure Oil Pipe Line Co
Greendale Township
Flint
Ollie Craven
Craven
Jimmy Blouin
St. Louis
Ida—James_ Talbert
Gaylord Vandercook
Talbert
Toledo
Midland
Dow Chemical Co
Ann* Arbor
Ted_ Petoskey
Petoskey
Congress faces test as Roosevelt era begins in turmoil
Washington observers note the new session opens amid economic panic with demands for bold action. President Roosevelt's cabinet balance pleases some while fears grow about overreach, taxes, and banking policy. A possible liberal bloc and reformist shifts in both parties spark talk of new alignments and power jockeying.
MENTIONED IN THIS ARTICLE
Houch
Geneva
MacDonald
John Simon
Daladier
France
Hitler
Germany
London
Mr. MacDonald
Great Britain
China
Japan
Britain
United States
Ronald Lindsay
Roosevelt
Washington
Congress
Capitol
Pie Courier
Ims
Norris
Nebraska
Norvis
Reed
Pennsylvania
Senator Reed
Western Newspaper Union
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Jehol
Edward W. Pickard
Mlinois
Wooding
Woodin
Gavidos
DR Rea Ng
House of Representatives
Henry Rainey
Fldor
Byrnes
Cullen
Tammany
McDuffie
Alabama
James Hamilton Lewis
Illinois
Joe Robinson
Arkansas
Kendrick
Wyoming
Key Pittman
Edward Halsey
Chesley W. Jurney
L. L. Biffle
Raymond Moley
Columbia
William Phillips
Massachusetts
Hull
Wilbur J. Carr
Henry Morgenthau, Jr
Federal Farm Board
William F. Stevenson
South Carolina
Federal Home Loan, Bank Board
T. Dwight Webb
Tennessee
Home Loan Board
Russia
League of Nations
League Committee
Kuniaki Koiso
Los Angeles
California
Ventura
San Diego
Long Beach
Watts
Campton
Santa Ana
Huntington Park
San Pedro
Withington
Bellflower
Artesia
Hermosa Beach
Garden Grove
Walnut Park
Norwalk
Fort McArthur
National Guard
Adolf Hitler
Republic
Old Empire
Hermann Goering
Bureau of Prohibition Enforcement
Amos W. W. Woodcock
Will R. Wood
Indiana
Mediterranean
Wood
Appropriations Committee
Speaker Rainey
Aichigan Bvenews Briefs
Mason
Blissfield
Arlo Bailor
Blissfield, Rifle Club
William Bruckart
Mr. Roosevelt
Mr. Hoover
Hig
Als
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