Dawes Attacks Demagoguery Over Bonus Payment
Charles G Dawes told the House Ways and Means Committee that demagoguery over the bonus is dangerous and urged against full payment The Reconstruction Finance Corporation he heads had loaned 248 million by April 19 to 1520 banks and trust companies He warned inflation would wreck money and credit and discussed allocations to small banks and the Missouri Pacific loan amid debates over Patman bill funding via treasury notes.
MENTIONED IN THIS ARTICLE
Washington, D. C
Charles G. Dawes
Howae Ways and Means Committee
Wall Street
Dawes
Reconstruction Corporation
Patman
Finance Corporation
United States
Congress
Reconstruction Finance Corporation
Missouri Pacific Railroad
New York
J. P. Morgan and Company
Missouri Pacific Company
Interstate Commerce Commission
Tratney
Treasury
Congress Debates and Hearings Run On Across Panels
The Senate debates a 115 million dollar appropriation for justice labor commerce and state departments. Prohibition bill hearings proceed in judiciary subcommittee. Banking and currency studies stock market activity while finance wraps tax hearings. Davis Kelly coal regulation hearings continue. Commerce weighs Wagner employment system bill. House flags naval appropriations debates as Ways and Means pushes bones hearings and government economy issues loom.
MENTIONED IN THIS ARTICLE
Trunsday
Senate
Justicce
Labor
Commerce
State Departments
Judiciary
Banking and Currency Committee
Flnance Committee
Davis-Kelly
Mineing
Commerce Committee
Wagner
Ways and Means
William J. Harris
Georgia
House
Senator Harris
Military
Veterans’ Administration
Whitney Asked About Forced Stock Loans
Washington April 21 The Senate banking committee questioned Richard Whitney about brokers pressuring clients to lend stocks for short sales. Whitney said he knew of no accounts rejected after clients refused, and noted an unwritten rule allowing brokers to refuse accounts. He warned short selling is essential to the market not gambling, and testified the exchange checks member conduct via questionnaires as short interest rose from 64,000 to 268,000 shares within days.
MENTIONED IN THIS ARTICLE
Washington, D. C
Stock Exchange Ust
Senate Banking Committee Today
Richard Whitney
Stock Exchange
Thomas A. Kenny
William A. Gray
Kenny
Whitney
Couzens
Republican
Michigan
Percy
Rockefeller
John D. Rockefeller Jr
Gray
Grey
Exchange
Hub Gray
Maren
Prohibitionists Press Opposition to Revision of Dry Laws
Washington D C April 31 Before a senate judiciary subcommittee prohibitionists resumed their opposition to repeal or modify the dry laws Dr Leigh Colgin of New York attacked the claim that legalized liquor would restore federal revenue and jobs Colgin a vice chairman of the national conference of organizations supporting the Eighteenth amendment cited wet propaganda of billions in tax revenue Bishop James Cannon Jr of the Methodist church attended Edward T Lee dean of John Marshall Law School Chicago spoke against any change in the dry laws noting he represented no prohibition group The audience was smaller than yesterday.
MENTIONED IN THIS ARTICLE
Washington, D. C
Senate Judiciary
Leigh Colgin
New York
New York Women's Christian Temperance Union
Colvin
National Conference of Organizations
James Cannon Jr
Methodist Episcopal Church
Sout
Edward T. Lee
John Marshall Law School
Chicago
Prohibition Organization
Red Flag Parade Ends in Injuries in Philadelphia
A parade of about 500 men and women on Broad Street in central Philadelphia was dispersed by police using riot clubs. Several people were injured, including one policeman, as the procession, led by a figure carrying a red flag, was broken up.
MENTIONED IN THIS ARTICLE
Philadelphia
Broad Street
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