Broadening Inflation Plan Aimed at Closed Bank Depositors
Senator William E. Borah proposed broadening Roosevelt's currency expansion to open closed banks and guarantee deposits. He would pay depositors 60 cents on the dollar immediately and seek authority in the administration bill. The proposal capped a Senate debate pitting East finance against Western agriculture over the money question.
MENTIONED IN THIS ARTICLE
Washington
U.P
Roosevelt
William E. Borah
Republican
Idaho
Borah
Senate
Thomas
Dispatches on Roosevelt meet sent to Paris
Paris reports an extraordinary cabinet session to consider Edouard Herriot's meeting with President Roosevelt. Decoding dispatches will inform Daladier Boncour on currency depreciation and proposed compensating surtaxes for imported goods from the United States.
MENTIONED IN THIS ARTICLE
Paris
U.R
Edouard Herriot
Roosevelt
Foreign Office
Herriot
Edouard Daladier
Joseph Paul Boncour
Argentine
Great Britain
Japan
Birthday of Eagles Lodge 5 Feted Here
Delegations from Anaconda and Helena join Butte Aerie 11 to celebrate the 34th charter anniversary. State President John J. Holmes presided as musical numbers and talks highlighted the event. Nominations were set for the next Monday election with Harry White unopposed for president and multiple names listed for vice president, chaplain, secretary, and treasurer.
MENTIONED IN THIS ARTICLE
Anaconda
Helena
John J. Holmes
Eagles
Butte Aerie
Leo Regan
Pete Hartz
Anaconda Aerie
Jay Allison
Harry White
R. J. Rogers
Vincent Sweeney
Jack Rowe
Stocks and Commodities Hit New Highs Amid Profit Taking
New York stocks and commodities rose to fresh highs as the market opened the week. Profit taking trimmed gains while the dollar dipped, signaling inflation expectations. Bonds showed mixed sentiment with gilt edged issues quoted firm despite inflation talk.
MENTIONED IN THIS ARTICLE
New York
Split in Republican Ranks Over Party Control
Washington April 24 A rift within the Republican ranks over whether Hoover loyalists should run the party for four years neared a showdown. High level Hoover administration officials formed Republican Federal Associates to back party successes in 1934 and 1936. The group is led by Ogden Mills and Walter Brown and aims to maintain national credit and currency integrity. Mills has recently opposed Roosevelt's inflation program.
MENTIONED IN THIS ARTICLE
Washington
Herbert Hoover
Hoover Admin
Istration
Republican Federal Associates
Hoover Group
Ogden L. Mills
Hoover
Canada halts gold redemption for Dominion notes
In Ottawa April 24 the Minister of Finance Rhodes announced in the house of commons that Canada has halted redemption of Dominion notes in gold. The order in council under a prior bill ends payments in gold and shifts bond payments to paper currency. Canada’s bonded debt stands at 2,502,849,760 dollars.
MENTIONED IN THIS ARTICLE
Ottawa
Ont
Rhodes
House of Commons
Canada
Dominion
Standley Named New Naval Chief
Secretary Swanson announced the selection of Vice Admiral William H. Standley as the new chief of naval operations to succeed Admiral William V. Pratt. Pratt will remain in his post pending developments of current international conversations.
MENTIONED IN THIS ARTICLE
Washington
Swanson
William H. Standley
William V. Pratt
Montana Forecast Shifts to Showers in West
Weather outlook for Montana calls for unsettled conditions Tuesday and Wednesday with probable showers in the western portion. Temperatures remain nearly steady through the period.
MENTIONED IN THIS ARTICLE
Montana
Inflation and the dollar value in debate
The piece explains inflation as a method to raise prices by cheapening the dollar. It contrasts 1929 with today, arguing that current dollars buy fewer goods while fixed costs require more sales to cover them, leading to deflation and bankruptcies amid the upheaval.
MENTIONED IN THIS ARTICLE
New York
United States
Balanced Budget Five Basis of Roosevelt Plans
Senator Robinson of Arkansas told AP meeting in New York that any authority given to President Roosevelt will be used prudently and promptly. He urged quick action to end business uncertainties and said future policies rest on a balanced budget principle.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Robinson
Arkansas
Roosevelt
Senate
Prohibition Agent Wounded In Still Hunt Disaster
Prohibition Officer Carroll A. Olson was shot in the left thigh when his own gun exploded during a chase after a suspected still operator east of Woodin on Mount Fleecer. He was rushed to St James hospital after the incident, with the bullet lodged in bone about ten inches above the knee and packing substantial blood loss. The pursuit had uncovered a sizable still with trim.
MENTIONED IN THIS ARTICLE
Prohibition
Carroll A. Olson
Mount Fleecer
Woodin
Ben Holter
J. H. Cosgriff
Olson
St. James’ Hospital
5000 Teachers Storm Chicago Banks Over Due Pay
Five thousand teachers marching in the Chicago Loop confronted bank officials to demand overdue salaries from the Chicago school board. Governor Horner and city county officials conferred on tax payments as crowds pressed doors. police assisted but kept order while police pay checks also remained unpaid.
MENTIONED IN THIS ARTICLE
Chicago
Big Loop
Chicago School Board
Edward J. Kelly
Henry Horner
Failure Facing Armament Meet Resuming in Geneva
Geneva April 24 The disarmament conference reconvenes tomorrow with only minor delegates present. Delegates await Washington talks to decide on political questions and aims to limit armaments bearing heavy tax burdens. Unclear prospects but talks may shift to a permanent armaments commission.
MENTIONED IN THIS ARTICLE
Geneva
Washington
United Press
Bennett in Talks With Roosevelt on Wheat Trade Pact
Premier Richard Bennett of Canada arrives for White House tea with President Roosevelt to discuss reciprocal trade and wheat production restrictions with the United States, Canada, Australia, and Argentina. Canadian minister William D. Heridge accompanies Bennett as officials review tariff agreement possibilities.
MENTIONED IN THIS ARTICLE
Washington
Richard B. Bennett
Canada
United States
Australia
Argentina
Bennett
White House
Willam D. Herridge
Roosevelt
Great Britain
Taft
Wilfred Laurier
France Backs Roosevelt Revised World Economic Agenda
France pledged support for Roosevelt's revised world economic conference agenda adding bimetallism and monetary measures. The talks with Roosevelt and Edouard Herriot covered disarmament security gold standard and silver status with a likely conference window between June 15 and July 1.
MENTIONED IN THIS ARTICLE
Washington
France
Roosevelt
America
Edouard Herriot
Herriot
White House
Geneva
League of Nations Monetary and Economic Conference Committee
Manchukuo fears typhus invasion from Soviet Russia
Tokyo reports a quarantine at the Manchukuo Soviet border after Manchu and Japanese officials warned of a typhus invasion. A Harbin dispatch cites 400 Russian deaths from a Siberian typhus epidemic along the Trans-Siberian route, noting Manchukuo as a junction with the Chinese Eastern railway.
MENTIONED IN THIS ARTICLE
Manchukuo
Sowet
Russia
Tokyo
Manchuu
Harbin
Nippon Dempo
Manchuk
Butte Drivers Near Four Thousand Driving Permits Issued
City drivers license bureau reports 3 995 permits issued since January 1, 55 licenses issued that day. Mayor says March salaries funded by fees, drive continues amid depleted funds. Warning of more parking space soon and a night traffic squad targeting one eyed autos.
MENTIONED IN THIS ARTICLE
McTaggart
Also Mentioned on This Page
Walter Lippmann
Bogentoon
E Bank of England
MacDonald
Eagles Lodge
New York Stock Exchange
Ufi Gold
Finance
Oays
Standley
Chicago Financial District
Horner
Butte
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