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Morgenthau forecasts treasury gold profit to cut debt
Secretary Morgenthau in his first speech as Treasury head estimated a future gold profit of 2.8 billion dollars to be kept in a stabilization fund for now, with plans to eventually apply it to reduce the national debt. He outlined net asset gains and the cost of the New Deal, while NRA and Cuba trade talks shape administration politics ahead of elections.
MENTIONED IN THIS ARTICLE
Opearn
Prinmal
Treasury
Morgenthal
Morgenthau
Congress
Hugh
Johnson
Donald Richberg
Secretary of Labor
NRA
Washington
Joe Johnson
Roosevelt
UCH
Cuba
United States
Pton Sinclair
California
George Creel
Justus
Wardell
Milton K. Young
Sinclair
Frank F. Merriam
Hiram W. Johnson
George R. Kirkpatrick
South Carolina
Cole L. Blease
Olin D
Enator
Thomas D. Schall
Minnesota
Mr. Schall
National Press Service
Associated Press
Hearst News Service
United Press
Schall
Chicago
Richberg
Frank Walker
AAA
Public Works Administration
Reconstruction Finance Corporation
Home Owners Loan Corporation
Federal Housing Administration
Hugh S. Johnson
National Recovery
Eral
National Labor Relations Board
John L. Donovan
Labor Board
Donovan
Mr. Donovan
Organized Labor
General Johnson
House of Repre
House
White House
Henry T. Rainey
Ilinois
Friends of the Brain Trust
Joseph W. Burns
Tennessee
Sam Rayburn
Texas
Committee On Interstate Commerce
William Bankhead
Alabama
John Rankin
Mississippi
Rankin
Burns
Western Newspaper Union