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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 16, 1934
Page
1
Arthur Brisbane reflects on gold and monetary policy and contemplates European reactions to ongoing financial shifts. The piece weighs the fate of the dollar, the impact on markets, and public sentiment, signaling a broader economy centered on precious metals and international responses.
An impassioned discussion on gold standard policy and the value of money unfolds. The writer argues Uncle Sam controls gold price and currency value, cites historical shifts in France Britain and Germany, and contemplates future impacts on debt, prices, and the economy. The piece reflects era concerns about monetary reform and national finance.
Hearings on a Roosevelt devaluation bill drew Republican pressure for firm action as the administration urged authority to revalue the dollar to 50 to 80 percent of its gold value. Vanderlip presented the measure before the House coinage committee while Morgenthau prepared to testify before the Senate banking panel. The Reconstruction Corporation disclosed large gold purchases abroad, with calls to transfer title of the system’s gold to the government. Governor Black urged congressional action to seize the reserve banks’ gold stock of 3.59 billion. The bill would replace gold withdrawn from reserve banks with gold certificates, draft security held by the treasury, and make Federal Reserve notes obligations of the issuing bank. Vanderlip signaled openness to adding silver to the metallic base.
Cloudy and colder tonight with a low around 42. Wednesday partly cloudy with a high near 60. Tuesday night remains cold, Tuesday daytime high around 66 in parts of East Texas. North areas face freezing temperatures, south expects rain then clearing. Winds shift northeast to north. overall, colder pattern across panhandle and eastern sections.
Washington, Jan. The birth control crusade shifts to Congress as Mrs. Margaret Sanger, veteran leader, fronts two bills to be heard this week at Capitol Hill. A banker described a blur eagle battling lightning against storks, with a poster claiming six million children in the United States on public relief.
In New Orleans police seized voting registration books from Huey P Long supporters after Régistrar Barnes was jailed and removal ordered. Deputies reassigned registration records as a civil district judge halted tampering amid the January 23 mayoralty primary. Authorities said the group was found at 1 a.m. in the city hall office handling the registers.
A moderate temperature drop forecast by the weather bureau will clear San Antonio skies and lower highs from 68 to 64 degrees Tuesday afternoon. Meteorologist J H Jarboe predicts a 24 degree fall to around 40s by Wednesday morning as northeast winds push away light Tuesday rain and blanket the state with cloudy, freezing conditions in parts of East Texas.
The Reconstruction Corporation halted all foreign gold purchases as of noon yesterday. Chairman Jesus He Janes stated that purchases started before noon yesterday will be completed and that domestic newly mined gold certificates or assay acceptances issued by midnight last night will be honored.
Mexico City reports The American Weekly Time magazine was barred for a second time in a year for slurring President Abelardo Rodrigues. Correblanca, the acting foreign minister, announced the action noting Time had been banned in 1939 but later readmitted after Ambassador Josephus Donicia intervened.
The Washington Herald reports the first comprehensive translation of an inflammatory pamphlet titled A Narrative of the Japanese United States Pulse War. The 118 page study, found December 14 in Honolulu, is attributed to a retired Japanese naval officer and includes plans to wage war on the United States. It bears endorsements from Admiral Kanji Kato and Vice Admiral Nosumasa Suetsugu and is presented as a dream novel. Officials note the translation is accurate and reflects a semi official tone. The book, intended for distribution with a Japanese monthly, was seized under customs rule prohibiting inflammatory literature.
Advertisement text lists various rental vacancies with monthly prices, unit types, and locations. The noisy OCR preserves names and addresses but contains many errors. core items show monthly rates from 12 to 470, locations such as Dewey and Drexel, and entries for furnished and unfurnished units.
Rev Fr Wynhoven, head of the U S regional labor board, denounces San Antonio as the most deplorable spot for workers in the United States criticizing wages as too low and hours misaligned with the president's program. He cites thousands of complaints from garment workers, restaurant staff, cigar makers, gas and electric employees, druggists, and mill workers urging action. Washington has ordered action and Wynhoven plans to file reports and return with potential remedies.
WASHINGTON January 16 United States lifted liquor import bars to admit about 7 009 000 more gallons from France Portugal and Ireland within the near month The federal alcohol control administration called the move a step toward increasing the supply of pure and wholesome goods The increases were traded for logged talks of American farm goods by the countries involved
In San Mateo County artichoke growers form a group to combat an alleged arbi choke racket blamed for price hikes. J L DeBenedetti, leader of a growers association, urged charges of gang control at a meeting attended by 60 top growers.
Mexican customs officers captured Daniel Enriquez on the Monterey highway 35 miles south of Nueva Laredo after he allegedly killed Luis Cuevas last Friday in Nueva Laredo. Enriquez crossed the Rio Grande into the United States before returning to Mexico.
Washington January 1. Senate Republicans urged firm hearings on the administration travel program and veterans relief proposals. They insisted the independent defices appropriation bill include the four point plan and the Legion’s veterans relief amendment.
Washington D C Jan 16 The 21 railroad workers groups in the United States and Canada withdrew their opposition to Dr W M W Splawn of Texas as a member of the Interstate Commerce Commission. They said their stance stemmed from a 1927 arbitration decision denying pay raises in Western territory while granting them in eastern regions. The committee deferred action and invited statements before Thursday. Splawn testified to a career including Baylor College and the University of Texas, with roles as Texas railroad commissioner and congressional investigator.
Berlin reports Chancellor Adolf Hitler’s newspaper the Volkischer Beobachter states Germany must refuse any subvention and decline to participate in forthcoming League of Nations preparations for the Baar Dasin plebate.
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