Senate probes bear raid on New York stock market
President Hoover backs a Senate inquiry into speculative practices on the New York stock exchange aimed at identifying bear raiders who drove prices down for eight straight sessions. Richard Whitney will be first witness as the committee opens Monday, with reports of a billion dollar pool and foreign involvement. A curb on short selling follows the plan, requiring daily reports of short positions and owner names for all customer accounts.
MENTIONED IN THIS ARTICLE
Washington, D. C
Hoover
Senate
New York Stock Exchange
Banking and Currency Committees
Richard Whitney
The
Exchange
Tie
Carter Glass
Virginia
the Treasury
Whitney
Jane
INS
New York
Stock Exchange
Senate Banking and Currency Committee
Women to Plead Repeal at Congress in Washington
Anti prohibitionist women from 40 states gather for the third national convention of the Women’s Organization for Prohibition Reform in Washington. State delegations will visit the capitol Wednesday morning to urge dry members of Congress to support repeal legislation.
MENTIONED IN THIS ARTICLE
D. C
Washington
Women's Organization For Prohibition Reform
Congress
Capitol
California Dry Repeal Bill Seeks Wine and Beer Restoration
An initiative petition seeks repeal of the Wright act and restoration of wine and beer in California. The measure, to be presented to voters in November, was signed only by residents of Los Angeles and Alameda counties. Also, Marshal Chang Hyuch Liang, deposed Manchuria governor, welcomed the League of Nations commission in Peiping as they arrive for their inquiry.
MENTIONED IN THIS ARTICLE
Dayl
INS
California
Frank C. Dordan
Los Angeles
Alamena
League
Peiping
Chang Hyuch
Liang
Manchuria
League of Nations
Arkansas group seeks legal aid for Kentucky coal trek
Five Arkansas college students from Commonwealth College Menno Ark moved to Kentucky with lawyers as they plan a Sunday expedition into Pineville coal fields. Lucien Koch president and expedition leader said they will proceed with a legal expert after talks with Ben G Golden and others.
MENTIONED IN THIS ARTICLE
Corbin
Kentucky
Commonwealth College
Menno
Ark
Ben G. Golden
Lucien Koch
Pineville
Pranking Privilege Attacked by Solon in Congress
Representative Mansfield of Texas lines up a bill to revoke the ranking privilege in the Congressional Record. Phantom speeches inserted for campaign literature would be barred and mailed out under the proposed measure.
MENTIONED IN THIS ARTICLE
Solon
Washington, D. C
Mansfiela
Texas
Vinson Proposes Salary Cap for Co op Officials
Washington April 81 Rep Vinson Democrat Georgia introduces a bill under the agricultural marketing act limiting loans to cooperatives that pay any official more than 20000 annually. The measure targets executive compensation in farm cooperatives seeking government support.
MENTIONED IN THIS ARTICLE
Vinson
Washington, D. C
Democrat
Georgia
French Press Doubts on Dollar Backing Stated
Washington reports that French press talk on the dollar’s fate is unfounded. Officials note France owes the U.S. billions and has recently drawn heavy gold from the United States, now around 400 million dollars, with shipments possible across the Atlantic. Glass-Steagall gives the system flexibility to offset foreign pressure, and gold reserves remain on a strong footing despite propaganda. The domestic gold stock stood at about 4.396 billion with a 11.5 billion world total, and a 70 percent ratio of gold to deposits and notes.
MENTIONED IN THIS ARTICLE
Washington, D. C
Frances
United States
Commerce Department
Treasury
France
Federal Reserve
Federal Reserve Board
De Valera to Outline Ireland Independence Plan
Dublin April reports state President Eamon de Valera will detail a comprehensive plan for Ireland’s complete independence and economic self reliance. He plans a public address tomorrow at Ennis County Clare, where a large celebratory event in his honor is planned.
MENTIONED IN THIS ARTICLE
de Valera
Dublin
Ireland
Ennis
County Clare
House debates bonus plan amid cash payment push
Washington dispatch reports the House Ways and Means Committee to open hearings on a $2.4 billion veterans cash payment plan. Backers praise it as boosting buying power, while opponents warn it risks government finances. A confidential poll suggested a narrow defeat if voted now, but supporters could force a floor vote with 145 House signatures.
MENTIONED IN THIS ARTICLE
Washington, D. C
INS
Ilphic
House Committee
House Today
Ways and Means Committee
State Taxpayers Meet in Houston
In Houston on April 9, members of the State Taxpayers association urged support for office seekers who pledge to carry out the state's tax reduction readjustment and economy policies. About 135 delegates from across the state attended the one day convention. Grow with your community through a business of your own.
MENTIONED IN THIS ARTICLE
Houston
INS
State Taxpayers’ Association
State Association For
Association
Office Fund Approved by House for Next Fiscal Year
The independent offices appropriation bill totaling 995 million 31 thousand 491 dollars was approved by the House and sent to the Senate. It includes 949 million for the Veterans Administration with hospitalization costs, and trims 56 million from president’s budget estimates. A 60 thousand dollar item for the Federal Trade Commission was removed, with funds made available from the new year appropriation.
MENTIONED IN THIS ARTICLE
Washington, D. C
INS
Independent Offices
House
Senate
Veterans’ Administration
Federal Trade Commission
Bank Robber Pleads Guilty in Four-State Case
David Loftus pleaded guilty to indictments charging bank robberies at Marengo and Algonquin Illinois. The four-state spree involved sums totaling about 106000 dollars. Trial was set for April 18 before Judge D Shurtiets.
MENTIONED IN THIS ARTICLE
Woods
UNS
David Loftus
D. Shurtiets
Marengo
Algonquin
Ex King's Daughters Break Betrothals
Paris reports former King Alfonso of Spain no longer sees real love as the reason for breaking engagements of Princess Beatrice and Maria with cousins Don Alvaro and Don Alfonso de Bourbon. Weddings postponed for three months.
MENTIONED IN THIS ARTICLE
Paris
Beatrice
Maria Ahtislina
Alfonso of
Spain
Don Alvaro
Don Alfonso de Bourbon
Roosevelt Wins in Kentucky Tests
In Louisville Kentucky Governor Franklin D Roosevelt of New York won endorsement for present today at almost every county Democratic conventioin in Kentucky This was regarded as virtually assuring a state delegation of 26 votes instructed for Roosevelt at the national convention next June
MENTIONED IN THIS ARTICLE
Louisville
Franklin D. Roosevelt
New York
Kentucky
Roosevelt
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Solons
Fateantes
Nort Benutin
Pini
Mtn
Silvar
Illinns
Daal Dinter
B. Gregory
Alas Plaza
Speaker Garner
Mary Alice Rice
Garner
Broadway
Arkansang
INU
Europe
Res Nees
McNeel Jewelry Company
China
Sterling
Sheffield
RAS’ Nerels Jewelry CO
East Houston ST
Fentiman
Houston St
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