Roosevelt monetary plan seeks gold stock seizure controls
President Roosevelt proposes nationalizing gold reserves and empowering periodic revaluation of the dollar within 50 to 60 percent of its gold content. He backs a two billion dollar fund for gold and securities adjustments and clarifies the plan aims to restore purchasing power without resorting to greenbacks. Senator Fletcher moves the administration bill with Morgenthau arguing for the changes while critics doubt legality.
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Roosevelt Budget Sparks Congressional Critique in 1930s Era
Washington pundits note Roosevelt’s budget plans amid wartime style spending. They question a claimed 25 percent cut while ordinary and capital expenditures rise. Veterans funding, economy-act knockbacks, and a Florida Chapman Field junket highlight heightened political theater.
Reconstruction Finance Corporation extended for a year
The measure passed the house and senate with little debate extending the Reconstruction Finance Corporation for another year and adding 850 million dollars in new capital. Only Louis T. McFadden of Pennsylvania voted against the bill.
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Puerto Rico gets new governor Blanton Winship
General Blanton Winship, former judge advocate general of the army and insular affairs veteran, is picked to lead Puerto Rico replacing the ailing Robert H. Gore. Winship, from Macon Georgia, served in Cuba and the Philippines and was a military aide to President Coolidge. Roosevelt names Willis G. Gregg as new weather bureau chief in Washington succeeding Charles F. Marvin.
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Bayonne scandal tests French government amid protests
Chautemps wins confidence vote 860 to 229 as he vows to probe the Bayonne affair and its alleged high official involvement. He calls for a personal inquiry while opponents warn of dictatorship. Meantime in China, Foochow falls to Nationalists and an American force protects 144 citizens as troops desert.
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Tulsa
Unica
Creomulsion Promises Quick Relief for Coughs and Colds
Creomulsion is advertised as a seven in one remedy for hard coughs and colds claiming quick relief and safety. It warns that coughs can lead to unknown trouble and notes higher cost but guarantees satisfaction or refund. Advnotes urge cautious use for every cough.
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