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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 22, 1936
Page
19
NYU economist examines constitutional limits on money power. The piece discusses coinage meaning metal content and regulation of value, arguing that Congress controls metal quantity in coins, not purchasing power or price levels. It critiques Father Coughlin and deflationists for misreading constitutional authority.
A week of club activities includes Daughters of the Nile installation at 8 p m at the Scottish Rite cathedral. The Woman's Parliament convenes at 10 a m in Public Service building patio. Shakespeare club meets 4 15 p m at the Baskin home on Baltimore. Other groups hold PTA, library events, and elections with officer changes and parties across city venues.
Kerrville scene: Jinn Braxton Tall, 22, was convicted Monday by a county court jury on aggravated assault charges involving a one year old boy. Sheriff Frank Moore reported the arrest and charging details. The defendant received a two year sentence.
In Paris the dollar moved on the foreign exchange market as traders watched the rate against the franc. The benchmark overnight New York rate stood near 6.508256 per dollar, with market activity influenced by early January conditions and regional financial dynamics.
The Tron Age strap with composite moved from SU142 to S198 the highest since December. Bond maturities total 270 million dollars as in prior year totals per Standard Statistics Company. Diesel output rose from 350000 to 780000 horsepower in 1934 with 1250000 in 1938 per Power editor. Gibsn to speak representing American executors at London and Bevin for German short term credit government.
Washington dispatch notes the Roosevelt era debate over Joseph P. Kennedy’s political role and a possible push to appoint him secretary of commerce. It contrasts Kennedy’s influence, Secretary Morgenthau, and broader patronage tensions, noting opposition within SEC circles and party factions.
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