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San Antonio Light in San Antonio, Texas

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Newspaper

San Antonio Light

Location

San Antonio, Texas, United States of America

Date

Jan 01, 1939

Page

17

Treasury Guided Nation Over Many 1936 Pitfalls

Treasury faced a year of rapid policy shifts as fiscal fears, wartime needs, and relief outlays shaped 1938. Morgenthau pushed economy, while spending advocates and Roosevelt moved to new deals and a larger relief program amid international tensions. Debt expanded with new bonds and notes, and gold inflows pressured inflation controls as defences and budgets shifted through the year.

Washington INS United States Treasury Morgenthau Marriner Eccles Federal Reserve Board Roosevelt EWA Litte Industrial Zi Treasur Ibe Great Britain France Deling Saeret Pound, Alter & Survey of Heglina

New Deal Showdown Defines 1938 Congress Battle

The 1938 session faces a clash between Roosevelt’s new deal and conservative opposition. House and Senate battles over reorganization, TVA planning bodies, war powers, and tax reform defined a year of defeats and selective victories. Roosevelt won wage hour reform and a halted referendum on war powers amid vast legislative strife.

Washington Congress Senate Supreme Court People's Branch House Roosevelt TVA Panay Bankhead Dicvatery Germany Italy Ruguis Punch

Huge 1998 deficit for US railroads noted in year end survey

Chicago December 31 1939 a survey shows the railroad industry faced a 16000000000 deficit for 1838 after fixed charges payment, while wage disputes and a threatened strike provoked government intervention. Administration promises legislative aid next session to aid the industry.

Chicago Washington Josset Roosevalt Giapute

Railroads Preach Wage Cut Amid Cost Pressure

In Chicago on November 4 railroad leaders urged Congress to enact wage reductions to restore operating economies. Workers groups opposed the cuts, warning of broader business harm. The industry forecasts a sharp revenue drop from 1997 levels, with total gross revenues around 3.5 billion and a 150 million deficit for 1838 after expenses, taxes, and rentals.

Thanelaug Ll Chicago J.J. Pelley Association of American Railroads G&s Dudualzy Brotterhoods Stoea

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