Government To Provide Real Money Currency To Be Available Through Federal Reserve
The Roosevelt administration abandons a scrip plan and shifts to expanding currency via the Federal Reserve system. Officials say regular federal reserve notes backed by gold remain ample. about 2 billion dollars more paper money could be issued if needed. The plan relies on gold backing, Congress may consider the Glass-Borah rider for collateral use.
MENTIONED IN THIS ARTICLE
Federal Reserve
United Press
Washington
Roosevelt
federal reserve system
Woodin
Treasury
federal reserve banks
Prohibition Men To Ignore Speakeasies Dozen Fishermen Stranded On Ice Cake
Milwaukee and Madison move to issue state scrip as federal currency plans loom. Milwaukee Clearing House advances $20,000 in scrip preparation despite national banking shift. Leo T Crowley says bills for statewide scrip will be introduced to keep exchange functioning, with a separate Milwaukee issue planned. Aimed at prompt action regardless of federal decision.
MENTIONED IN THIS ARTICLE
Milwaukee
Milwaukee clearing house
national administration
C. J. Kuhnmuench
the
clearing house
Wisconsin
Madison
Wis
Leo T. Crowley
Schmedeman
Rowley
Crowley
Milwaukee Clearing House association
Lieut Gov Urges Wisconsin Back President In Crisis
Acting governor Thomas J. O Malley calls all citizens to unite beyond race creed and party to support government leaders and powers deemed necessary in a national emergency to restore order after bank closures and economic turmoil. He urges church readings next Sunday and collective sacrifice to defeat threats and guide the state to peace and victory.
MENTIONED IN THIS ARTICLE
Thomas J. O'Malley
times
United States
tere
val selse
Wisconsin
Wiensea
Chairmanships In Senate Are Assigned Today
Democratic leadership assigned Senate chairmanships. Notable posts include Appropriations Glass Banking and Currency Fletcher Finance Harrison Foreign Relations Pittman Military Affairs Sheppard Agriculture Smith Naval Affairs Tydings Copeland to Rules committee, Long gains membership ending a feud with Robinson. First woman head is Caraway to Enrolled Bills. Republicans form a nine member minority policy committee led by Vandenberg.
MENTIONED IN THIS ARTICLE
Fletcher
Harrison
Pittman
Shepphard
Smith
Tydings
Copeland
New York
Senator Long
Louisiana
Robinson
senate
Caraway
Arkansas
Vandenberg
Two Sheboygan Candidates For Outright Repeal
Madison Wisconsin special report notes strong interest in the April 4th election of delegates to the prohibition repeal convention on April 25th. Requests for nomination petition blanks at the secretary of state’s office have surged, exhausting the first supply and prompting a 10 000 blank rush order. Planks were sent to county clerks for distribution to officials, with a 50 cent per hundred charge in the capitol. Some candidates printed their own petitions to begin signature collection promptly as officials warn of potential delays. Continued on page 11.
MENTIONED IN THIS ARTICLE
Madison
Wis
Wisconsin
secretary of state
capitol
Civil Service Bill Wins In Senate Test
Madison Wisconsin reports a potential 19 vote majority for Senator Carroll’s bill to abolish the state civil service board and bureau of personnel and create a single civil service director answerable only to the governor. Progressives favor keeping the present system under A. E. Garey and three commissioners, signaling a real test in the Senate.
MENTIONED IN THIS ARTICLE
Madison
Wis
Carroll
state civil service board
bureau of personnel
senate
A. E. Garey
W. D. Carroll
Prairie du Chien
Wisconsin Banking Moratorium Aids Nation In Crisis
Governor Schmedeman Leo Crowley and state officials backed by President-elect Roosevelt and James Farley worked through the Wisconsin banking moratorium at the Mayflower hotel. Roosevelt and his aides stayed in session until 1:30 am as 47 states moved to a nationwide moratorium. Banks in Wisconsin closed briefly as a precaution while Washington announced a broader program to curb gold and currency hoarding and a push for wartime–scale powers.
MENTIONED IN THIS ARTICLE
Schmedeman
Leo T. Crowley
State Banking Board of Review
James A. Farley
Franklin D. Roosevelt
Mayflower hotel
Wisconsin
Mayflower
Roosevelt
Mr. Crowley
Banking board
Thomas J. O'Malley
Arthur C. Kingston
Madison
Washington
White House
America
Congress
Assemblymen Study New York Milk Price Situation
Albany reporters say Assemblyman Harley A. Martin and Louis P. Davin of Wisconsin arrived in Albany to study New York milk prices. They planned to attend an agriculture committee meeting as guests of Assemblyman Frank Smith.
MENTIONED IN THIS ARTICLE
Albany
N. Y
Harley A. Martin
Louis P. Daviin
Wisconsin
New York
assembly agriculture committee
Frank Smith
Moratorium Declared By Illinois Judges
Judges of the Sixth Illinois judicial circuit declared a temporary moratorium on receiverships and deficiency judgments in mortgage foreclosure cases. All sales of farm property were ordered discontinued for three weeks.
MENTIONED IN THIS ARTICLE
Champaign
Ilinsis judicial circuit
Blizzards Hamper Rescue Of Fishermen On Ice Cake
A major blizzard pushed a large ice cake containing 10 to 12 fishermen from Chequamegon Bay toward open Lake Superior. Coast guards, sheriff deputies, and fishermen planned searches by boat and on ice as visibility was severely limited. The Crawford cutter was recalled from Two Harbors and rescue efforts faced dangerous drift toward Michigan with ice breaking at the outer edge.
MENTIONED IN THIS ARTICLE
Ashland
Wis
Chequamegon Bay
Lake Superior
Bees
Ward Bourgeouis
Washburn
Bayfield
George Ta Rock
Ole Sandstrom
Madeline Island
Long Island
Apostle group
United States coast guard
Crawford
Lilue Gir:point
w .ch
Superior
Hjalmer Frosman
Bayfield county
BE. J. Hennell
Rakland county
Senate Passes Bill To Reduce Pay Of Judges
The Severson bill to cut supreme and circuit court judges salaries after July 1 passed the Senate 19 to 11. The reduction affects judges entering office after July. sitting judges keep current pay. Supreme Court judges drop from 10000 to 8500 annually and circuit judges from 8000 to 7000. Concurring parties split along party lines as the measure was engrossed.
MENTIONED IN THIS ARTICLE
Senate
Madison
Herman Severson
progressive
Iola
supreme court
Anderson
Bolens
Cashman
Engebretson
Gehrmen
Prohibition Bureau Shifts Focus on Liquor Sources
The Bureau of Prohibition orders its agents to target liquor sources and leave speakeasy enforcement to states due to budget cuts and new restrictions. Amos W. Woodcock notes federal funds for evidence gathering are reduced from 10.25 million to 8.44 million for the coming year. Congress includes limits on wiretaps and using funds to buy liquor for agents. Local authorities will handle speakeasy complaints going forward.
MENTIONED IN THIS ARTICLE
Washington
bureau of prohibition
prohibition bureau
Amos W. W. Woodcock
justice department
congress
house
Tinkham
republican
Massachusetts
Woodcock
tla
samme
Charles Fischer
internal revenue
Banks Of City Opened Under Restrictions
Banks across the city remained open with federal and state rules tightening, no gold payments, special trust accounts, and continued estate duties. Sheboygan Clearing House discussed banking under current regulations as Charles Fischer reports no tax instruction changes and ongoing collection procedures despite altered hours and forms.
MENTIONED IN THIS ARTICLE
federal reserve system
United States
Sheboygan Clearing House association
Also Mentioned on This Page
Paris
By RAYMOND CLAPPER
federal reserve bank
Carter Glass
Bowler
Illinois
Blizzard
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!