26 Apr 1933
Page 1
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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Apr 26, 1933
Page
1
The article notes a proposal to defer re employment of teachers pending a financial survey as inflation policy moves toward Senate action. It also discusses world trade turmoil from currency shifts after the US left the gold standard, predicting possible international trade strains amid fluctuating dollar value and currency gains for foreign buyers.
Washington reports that June 12 was agreed by President Roosevelt Prime Minister MacDonald and Former Premier Herriot as the opening date for the world economic conference in London. The talks also covered war debt readjustment with Britain France and the United States seeking possible plans and a consultative pact to aid deterrence.
Walter Lippmann argues against sensational foreign exchange reporting and urges clarification of currency concepts. He compares historic dollar and sterling parity, questions Returning Britain to the gold standard, and warns that stabilizing currencies could overvalue the dollar and depress wages and debts.
The Senate clashed over Roosevelt’s inflation measure with Republicans denouncing it as unconstitutional and risky, while Democrats call it a prudent step to stabilize currency. The fight featured accusations of conspiracies among Mellon Mills Reed and Harrison, and preparations for possible passage of the plan.
Early morning fire destroyed the two room home of Mr and Mrs Olin Fairchild at Walnut street and Wilson avenue. An adjoining shed garage and a car also burned. Mrs Fairchild and two young children fled in their night clothes as firemen and volunteers fought the blaze with hoses and buckets. Nearby homes were scorched and Ted Fairchilds three room house suffered most of the damage.
The Kansas City Star reports William B. Storey, president of the Atchison Topeka and Santa Fe railroad, will resign at a board meeting in New York on May 2.
Twenty one Butte Scouts passed tests for rank advances and merit badges at the May board of review. Five earned Life and Star ranks, five Second class, seven earned various merit badges. Court of honor set for next Tuesday in Judge Riley's courtroom.
Butte and Silver Bow county assign a 106 man quota for Montana emergency conservation corps forest camps. Local relief agency to enroll eligible men once blanks and information arrive, likely late this week.
W. W. McDowell Montana Democratic chairman is viewed as a strong candidate for minister to the Irish Free State. He has twice served in the Montana house, was twice speaker, and held two terms as lieutenant governor. He is in Washington and expected back soon.
A new organization's first regular meeting endorsed a plan to terminate all teaching contracts in School District No. 1 as an emergency, pending a district survey of finances and needs. Fred I. Root said automatic reemployment after three years could be halted May 1 if the board acts, citing expected heavy deficits. The resolution was read and the adoption moved.
In San Francisco on April 25 the Tom Mooney murder trial opens amid secretive counsel as both sides refuse to reveal strategy. The only official hint is District Attorney Brady's possible move to dismiss the dormant indictment, a line he said he might consider.
A Montana forecast calls for generally fair conditions in the east on Wednesday and Thursday with probable showers in the west. Cooler air moves in on Wednesday, with a cooler regime expected across the state.
Tokyo and Osaka markets climbed on reports that Roosevelt and MacDonald would swap 20 percent of gold reserves for silver and cut war debts by 60 percent. The Tokyo exchange new issue gained three yen to 81, signaling broader market optimism.
President Roosevelt and Edouard Herriot held an exhaustive talk on disarmament in Washington. Sources say Roosevelt seeks U S involvement in international efforts to curb aggressor nations and favors a permanent international supervision of armaments as part of a proposed disarmament treaty.
Newspaper publishers report a marked rise in public confidence and in general business conditions across industrial and agricultural regions. Clark Howell of the Atlanta Constitution notes favorable reaction to pending legislation reflected in cotton prices up about a cent per pound. Col Frank Knox of the Chicago Daily News cites stock market gains as evidence of a rising market.
Butte city road fund credited with 1204.25 as its half of county automobile license tax payments. Half of 2408.50 for January and February, with 12837.75 from March yet to be apportioned. Funds to be used on city streets under county treasurer and city supervisor oversight.
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