Sprague resigns as treasury adviser criticizes monetary policy
Dr Oliver M W Sprague resigns as treasury financial adviser amid sharp critique of Roosevelt era monetary policy. He plans a syndicated drive opposing the program emphasizing hard money and a return to orthodox economics. Administration and business groups brace for a national monetary contest as dollar policy and bond markets react.
MENTIONED IN THIS ARTICLE
Washington
Oliver M. W. Sprague
Treasury
Sprague
Bryan
Roosevelt
Hoover
Andrew Melton
Ogden L. Mills
George F. Warren
Henry L. Morgenthau, Jr
Morgenthau
Auto Recovered After Theft on Broad Street
The car of Aston Cook stolen from Broad Street and West Avenue was found on Vine Street at Lorain, deputy sheriffs reported, ending the two day search.
MENTIONED IN THIS ARTICLE
AUTO
Aston Cook
Broad Street
West Avenue
Vine Street
Lorain
Weather Forecast for Ohio Turns Cold and Cloudy
Ohio remains cloudy and colder with possible light rain then new flurries tonight. Thursday should be generally fair and colder with a lingering chill and brisk conditions statewide.
MENTIONED IN THIS ARTICLE
Ohio
Treasury EFT Door Closed to the Press
Washington notes the Roosevelt administration seals off Treasury Department sources, with Acting Secretary Morgenthau forbidding officials to talk to the press. The move sparks protests from major newspapers and signals a shift toward tighter information control amid monetary policy changes. The Federal Reserve Board also issues stricter comment rules in its latest bulletin.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Treasury Department
Treasury
Morgenthau
General Johnson
Goldfish Bowl
Federal Reserve Board
More Men Are Given Jobs County Relief Director announces
County Relief Director M A Houghton says 289 men are now working on Civil Works projects with a total of 635 to be employed soon. Elyria adds 50 workers at Cascade Park sewage treatment works and ditches. Oberlin area adds 59 on state highway projects. Warden notes approval to clean ditches and culverts for 140 men over three months. Courthouse renovation work eyed with 440 for materials and 1 450 county funds. Federal employment service opens in Lorain with about 600 registered.
MENTIONED IN THIS ARTICLE
M. A. Houghton
Elyria
Cascade Park
Oberlin
Civil Works Administration
J. W. Warden
Columbus
Warden
CWA
Federal Employment Service
Lorain
Amherst
Federal
Tonizh
John A. McKinnon
National Employment Service
Houghton
Iumbus
Sole Beneficiary Named For Taft Estate At Elyria Home
The Elyria Home for the Aged is named sole beneficiary of the estate of Charles Francis Taft. Taft died recently at the Home where he resided and donated generously. The Taft Memorial building honors Mr and Mrs Taft. The estate value has not yet been filed with Probate Court.
MENTIONED IN THIS ARTICLE
Elyria Home
Charles Francis Taft
Taft
NRA To Enforce Codes Bulletin
Washington bulletin reports Recovery Administrator Johnson states the NRA will enforce codes in cases where industries cannot implement them themselves. The move emphasizes federal oversight to ensure compliance across sectors.
MENTIONED IN THIS ARTICLE
Washington
Johnson
NRA
Vote To Adjourn Arms Parley GENEVA Nov 22
Geneva dispatch reports a motion to adjourn the arms conference parley as leaders debate next steps amid tense diplomacy. Officials from participating nations jealously guard positions while schedule stretches into the evening.
Heavy Selling of U S Bonds Hits Wall Street
New York reports heavy selling of United States government bonds after remarks attributed to Dr M W Sprague heightened fears the government would be forced to print greenbacks. A steering committee of the World Arms Conference voted to adjourn negotiations until mid January 1934.
MENTIONED IN THIS ARTICLE
New York
United States
Wall Street
Community Chest Drive Opens in Elyria Tomorrow
Opening guns in Elyria's 1934 Community Chest campaign will signal the start for 14 men and 7 women teams totaling 116 workers, aiming to raise 49300. Dr. Robert E. Brown of Oberlin College will address workers at the 6:30 dinner at St Marys Church. The executive committee plans and veteran volunteers drive the campaign as it begins.
MENTIONED IN THIS ARTICLE
Elyria
Community Service Council
Robert E. Brown
Oberlin College
St. Mary's Church
Brown
Oberlin
Community Chest Army
Board of Strategy
Executive Committee
James A. Hewitt
Chauncey B. Smythe
Arthur H. Waters
Frank A. Smythe
George Stevens
A. C. Hudnutt
James B. Seward
Frank E. Stevens
Alex Altfeld
John C. Parseh
John L. Mathis
C. J. Shafer
Guy B. Findley
T. L. Moise
B. F. Allen
Albert Vietzer
W. H. Vanoster
Carl Smith
J. L. Peters
Guy B. Finchey
Karl Plocher
Inflation Versus Sound Money An Editorial
An editorial calls for sound money as inflation fears rise after Dr. O M W Sprague resigns as special financial adviser to the Treasury. It lauds Sprague, urges militant sound money groups, and urges Lorain County to form chapters to press for stable policy and protection of government credit.
MENTIONED IN THIS ARTICLE
United States
0. M. W. Sprague
Secretary of the Treasury
Sprague
Harvard
Bank of England
Roosevelt
London
U.S
Dr. Sprague
Sui Money
America
Lorain County
Largest Plane K7 Crashes. 14 Killed at Kharkov
Bulletin from Moscow reports the world s largest all metal airliner the K7 with six motors crashed at Kharkov yesterday killing 14 persons. Details are unavailable. The craft was designed to carry 120 passengers.
MENTIONED IN THIS ARTICLE
Moscow
Kharkov
Ohio CWA Sets Four Point Plan to Double Jobs
Columbus, O Nov 22 The Civil Works Administration aims to employ 150,000 in Ohio by Dec 15 after first showing 75,000 in 48 hours. Mayor Braught led county reps to form contact offices, with 27,500 more men slated for work as quotas rise. Plans include 10 new full time reemployment offices and expanding women’s work programs.
MENTIONED IN THIS ARTICLE
Columbus
Civil Works Administration
CWA
Ohio
Ellis O. Braught
Braught
Lelia C. Ogle
Stanley Mathewson
Federal
Federal Re-Employment Service
Testimony Ends In Injunction Suit in Elyria
Oral testimony in the injunction suit brought by the City of Elyria against the Ohio Public Service Company was concluded yesterday afternoon. Attorneys for both sides to file briefs setting forth the balance of their case. J B Johnson, local manager of OPS, testified at length on rate structure with a demand and consumption meter device shown in court to aid explanation. City Solicitor Howard Butler contends the company has...
MENTIONED IN THIS ARTICLE
Elyria
Ohio Public Service Company
J. B. Johnson
O. P. S. Company
Howard Butler
Lorain Agricultural Society to Consider Board Expansion
The Lorain County Agricultural Society will convene its eighty eighth annual meeting Saturday at 9:30 AM in the county courthouse main court room. The agenda includes a proposal to raise board directors from 15 to 21, plus discussion of six directors and other business matters. Members are urged to attend due to the meeting's importance.
MENTIONED IN THIS ARTICLE
Agricultural Society
The
Lorain County Agricultural Society
Hose
Sove
KIWANIANS TO HEAR STEEL TALK AT LUNCH
Peer D. Nielsen of the National Tube Company's steel department will speak at the Elyria Kinsais Club meeting at the Hotel Newell at noon Thursday. He will discuss a phase of the steel industry.
MENTIONED IN THIS ARTICLE
Peer D. Nielsen
Steel
National Tube Company
Elyria Kinsais Club
Newell
Armed Men Hold Up Hess Drug Store on East Broad Street
Two armed men held nine people at bay in the rear room of Hess and Hess Drug Store at 112 East Broad Street for about 20 minutes yesterday evening and escaped with roughly 55 dollars. They entered buying candy, forced customers and the Hess couple to the rear, and ransacked cash drawers. One robber left 2 dollars for Mrs Hess. a car sped away east of Broad Street. Police described one man as 140 pounds in a dark sweater and the other as 5 feet 9 inches, 150 pounds. Authorities questioned several customers and noted banked receipts missing.
MENTIONED IN THIS ARTICLE
Hess and Hess Drug Store
East Broad Street
Clayton Hess
Edward Murphy
Marseilles Avenue
Hess
C. E. Winters
Brooklyn Avenue
Ollie Johnson
Longfellow Avenue
Douglas Brydon
Kenyon Court
Broad Street
Two Members of Ebrrias Retail Trade Council Elected
Two more members of Ebrria's Retail Trade Council, to oversee the NRA retail code, were chosen this morning as shoe merchants and men's clothing merchants held meetings at the Chamber of Commerce. A J Ostrov of Ostrov's Shoe Store was elected shoe merchants' representative, and N S Fitch of Foster Fitch Company was chosen for men's clothing merchants. Other groups will vote tomorrow and Friday, with each trade line to have one council member.
MENTIONED IN THIS ARTICLE
Ebrria
Retail Trade Council
Locai
NRA
Chamber of Commerce
A. J. Ostrov
Ostrov
Shoe Tore
N. S. Fitch
Foster-Fitch Company
Wee
County Commissioners Set Date to View Carpenter Ditch
Eaton town officials schedule a December 15 viewing of the Carpenter Ditch to consider its improvement. A petition by Clayton Strausben and others prompted the hearing, set for December 22 at 10 A.M. in the commissioners’ office.
MENTIONED IN THIS ARTICLE
Ditch
Eaton Towarnlt
Clayton Strausben
Commissioners’ Office
Also Mentioned on This Page
Oprague
Treasury Eft
Howard Barbour
F. M. Stevens
W. C. McClellan
H. W. Pond
Bulletin
Geneva
GHEST
St. Mary’s Church
Trade Council
Lapeken
Na Wepag
Alye O
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