Morgenthau Faces Opposition to 2 Percent War Financing Plan
Treasury Secretary Morgenthau prepared to press the 2 percent war financing program as November funding looms. He faces a committee room battle with calls for higher interest rates, while denying talk of new taxes and focusing on locking in savings for the debt. October’s record inflow of new money included 6.855 billion in bonds and notes, with total bids just over offering and full acceptance by the Treasury.
MENTIONED IN THIS ARTICLE
Treasury
Morgenthau
Uncle Sam
Federal Reserve
Congress
Vancdenberg
Morgensthau
Victory Fund Committee
Canadians Board Rammed U-Boat and Capture Crew
Halifax reports Canadian corvette Oakville engaged a German submarine in the Aegean Sea. Oakville rammed the U‑boat three times while Lieut Comdr Clarence A King and crew boarded the vessel. German crew were killed. Canadians secured papers and took prisoners as the U‑boat sank, rescued by U S destroyer craft.
MENTIONED IN THIS ARTICLE
Halifax
Thichean
Oakville
United States
Clarence A. King
Harold Lawrence
Brockville
Ont
Arthur Power
Timmins
U.S
City moves to unplug race bookies telephones
New York Mayor La Guardia announced a plan with New York Telephone Company to disconnect phones used for unlawful bookmaking. Police certification of such lines will trigger the company to unplug them, following the city’s request, as part of a broader gambling crackdown.
MENTIONED IN THIS ARTICLE
Telephone Company
New York
Navy
LaGuardia
New York Telephone Company
James W. Hubbard
Police Department
Mediterranean Control Near as Allied Plans Advance
General Eisenhower praises the navies for a marvelous overseas expedition while outlining how sea power underpins the Eighth Army's victory in Egypt. He notes the Axis fleets remain a threat, yet Allied air and surface forces are poised to push them from the Mediterranean as Oran and Bizerte come under Allied hands.
MENTIONED IN THIS ARTICLE
Eisenhower
America
United States
Eighth Army
Egypt
United Nations
Western Pacific
Japan
Mediterranean
Oran
Bizerte
Sicily
Pantelleria
Axis
Bismarck
Graf Spee
Casablanca
Dakar
Atlantic
Toulon
Hitler
Petain
British Casualties Light in Madagascar Churchill Reports
Prime Minister Churchill told the House of Commons that British casualties in the Southern Madagascar operations from Sept 10 to Oct 17 were 17 killed and 45 wounded. He said casualties have been very light since Oct 17 as British forces moved toward control from Vichy authorities.
MENTIONED IN THIS ARTICLE
Madagascar
Churchill
London
House of Commons
Theritish
Commons
Middle East
United Nations
G. E. Shops Toured By Orville Wright
Orville Wright visits General Electric plants in Schenectady on a tour with Dr. W. B. Coolidge. Wright says he is tremendously impressed with GE’s war production efforts during the visit to the research laboratory and plants.
MENTIONED IN THIS ARTICLE
Schenectady
Orville Wright
Wilbur
New York
General Electric Company
Wright
W. B. Coolidge
G. E. Research Laboratory
Special Train Movement Shows Railroads United for War
The Pearl Harbor era describes an army on the move with infantry and mechanized units, while railroads and the Association of American Railroads coordinate a voluntary censorship and rapid troop transport. Major General Charles P. Gross commends railroads for their war effort and teamwork. Civilian traffic remains lightly disrupted as wartime demands grow.
MENTIONED IN THIS ARTICLE
Pearl Harbor
Charles P. Gross
Transportation Corps of the Army
Services of Supply
The
Association of American Railroads
War Department
Railroads
Also Mentioned on This Page
Federal Reserve Committee
L. T., Harold Lawrence
Associated Press
Arthur Powell
Jay Cobbs Club
Salina ST
Syracuse, N.Y
Rommel
Italy
Admiral Cunningham
Taranto
Cape Matapan
Algeria
Tunisia
G. E
Schenley
Royal Reserve
Schenley Royal Reserve
Schenleys Distillers Corporation
Y. ‘Ga
Jby-Gubbs
Shiw
Mwain
New York Central
Eere
Americas
IL Mos
EO Fu
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