Hoover plan gains favor as Senate passes Reconstruction Finance Corporation
The Senate endorses the Hoover proposal to create the Reconstruction Finance Corporation with an overwhelming majority. The piece notes bank failures in New York and Indiana, rising European tensions, and plans for a railroad credit corporation to aid weak carriers. It also discusses a potential 5 percent auto tax and New York City's struggle to fund unemployment relief as officials balance the budget amid the emergency.
MENTIONED IN THIS ARTICLE
United States Senate
Hoover
Reconstruction Finance Corporation
Washington
New York State
Indiana
New York City
Special Hawaii session to curb lawlessness urged after slaying
A special territorial legislature session in Honolulu was agreed to by house and senate committees to consider measures to curb lawlessness, sparked by the slaying of a Hawaiian accused of attacking a naval officer's wife. The Navy later said three persons held in Honolulu on murder charges would be turned over to civil authorities for trial.
MENTIONED IN THIS ARTICLE
Honolulu
T. H
U.P
Territorial
Hawaiian Islands
House
Senate
Lawrence Judd
Washington
Navy Department
Farrell to resign as head of U S Steel after 21 years
James A. Farrell announces he will resign as president of United States Steel Corporation effective April 18 and will step down after 21 years at the helm. He notes the board’s agreement and cites need for younger leadership to stabilize management.
MENTIONED IN THIS ARTICLE
New York
U.P
James A. Farrell
United States Steel Corporation
Farrell
United States Steel
J. P. Morgan
Fifth Avenue
Wage cuts accepted by railway workers for job stability
The inside story reports that about 2 million railroad workers will take a temporary 10 percent pay cut in exchange for assurances of steadier employment. Railroad presidents plan a Thursday meeting with 21 affiliated unions to formalize this program benefiting labor and capital alike.
MENTIONED IN THIS ARTICLE
Frederick
Othman
The
United Press
Chicago
Capital
Steam Transportation
Butte Ice Man Slips On Seat Wound At Work
A Butte man, employed as an ice man, collapsed on an upended box after fatigue. He sat on an ice pick hidden on the seat, causing a leg wound. He sought hospital treatment at St. James yesterday.
MENTIONED IN THIS ARTICLE
Butte
St. James Hospital
Justice Holmes Ends Career on Federal Bench
Washington January 12 Justice Oliver Wendell Holmes left the Supreme Court session in 1932 saying he might not return to the bench. Senate discussion centered on potential successors including T J Walsh Newton Baker William S Kenyon and Bratton with Walsh favored by some regions.
MENTIONED IN THIS ARTICLE
Justice Holmes Endo
Federal
E. M. Hennessey
Washington
Oliver Wendell Holmes
Supreme Court of the United States
T. J. Walsh
Montana
Newton D. Baker
William S. Kenyon
Iowa
Bratton
New Mexico
Walsh
Holmes
Hoover era economic bills advance in Congress
The House moved toward Hoover's plan to create a 2 billion dollar reconstruction finance corporation to aid banks railroads and industry with new credit. The Senate aimed to raise federal land bank capitalization by 100 million dollars to help farmers gain credit, with votes possible tomorrow.
MENTIONED IN THIS ARTICLE
Washington
House
Hoover
Reconstruction Finance Corporation
Senate
Congress
Reconstruction Corporation
Conpee Eldanton
Ae Pro
T Hoover
Victory Dinner To Draw Many Transfer Of Teacher
Butte high school and Washington junior high will form one of the nation’s largest enrollments at not less than 2160, with 470 in the junior high grades. This forces transferring another teacher to Washington high. Grade schools will graduate 235, about half entering the junior high, and there will be no graduation exercises this year to save costs. The principals voted 15 to 1 to eliminate the ceremonies.
MENTIONED IN THIS ARTICLE
Butte High School
Washington Junior High
Washington High
Attempt to Force Day Vote on Liquor Amendment Fallout
Washington dispatch reports the house anti prohibition forces plan to demand a vote on a substitute for the Eighteenth Amendment and on changes to the Volstead act to curb congressional interference in states with liquor traffic. The move signals intensified effort to modify prohibition policy.
MENTIONED IN THIS ARTICLE
Washington
Congress
House
Milwaukee Officials Turn City Budget Into Nation's Lesson
Milwaukee officials boast a 4 million cash surplus at year start and plan a 37 million 940 thousand dollar 1932 city budget. The piece highlights tight finances, detailed line items, and a push for broader governance reforms as observers seek deeper explanations.
MENTIONED IN THIS ARTICLE
Alvin J. Stinkopf
Milwaukee
Wis
Associated Press
Democratic Victory Dinner Draws 600 Plus Attendees
Attendance at the January 14 Victory dinner exceeds 600 with more ticket requests than space at Finlen. Highlights include Dr. T. J. B. Shanley as toastmaster and speakers J. Bruce Kremer, W. Orr Chapman, Harry A. Gallwey, John E. Murray, C. F. McCarvel, and R. E. McHugh, plus a full musical program and radio setups for the event.
MENTIONED IN THIS ARTICLE
Finlen
T. J. B. Shanley
Victory
Silver Bow County
J. Bruce Kremer
Washington, D. C
Butte Democrats
W. Orr Chapman
Idaho Falls
Harry A. Gallwey
John E. Murray
Democratic Central Committee
C. F. McCarvel
Exmayor
Anaconda
R. E. McHugh
Granite County
Work of Butte Group Praised by Dr Atkinson
The Silver Bow council Boy Scouts of America held its fourteenth annual dinner at the Y M C A with over 100 attendees. Dr Alfred Atkinson president of Montana State College gave the feature address. W A O Kelly was elected president and I E Pred I Root was honored as retiring council president.
MENTIONED IN THIS ARTICLE
W. A. O'Kelly
Fred I. Root
O'Kelly
Butte
Root
O’kelly
J. A. Donovan
Silver Bow Council
Boy Scouts of America
Council
Alfred Atkinson
Montana State College
Bozeman
E. G. Leipheimer
Pred I. Root
Alteration of Monetary System Urged by Rene Leon
Rene Leon silver expert urged altering the monetary system to ease world economic mood. He spoke before the Mining and Metallurgical Society of America describing keeping 96 percent gold reserves and 4 percent silver in the U S federal reserve. He proposed similar changes for England France and Germany and said the plan would not disrupt the gold standard.
MENTIONED IN THIS ARTICLE
New York
United States
Rene Leon
Leon
Mining and Metallurgical Society of America
Federal Reserve System
England
France
Germany
Montana Weather Forecast: Fair Conditions Ahead
A Montana forecast calls for generally fair weather Wednesday and Thursday. Expect cooler temperatures in eastern and southern portions on Wednesday while Thursday remains fair statewide.
MENTIONED IN THIS ARTICLE
Montana
Subzero Cold Grips Butte and Montana
Subzero temperatures and light snow hold Butte and Montana in a grip. A persistent wind storm and rising barometer bring predictions of continuing cold. Air traffic at a standstill with highways mostly impassable except to Anaconda. Shovels and chains advised for driving. Milwaukee trains four hours late while other lines report on time.
MENTIONED IN THIS ARTICLE
Butte
Montana
Anaconda
Milwaukee
Banking status in Butte shows satisfactory year results
Banking conditions in Butte are reported satisfactory after trustee meetings of district institutions. Two of three banks elected new officers for the year. Metals Bank & Trust added Frank M. Kerr to its board, succeeding the late L. O. Evans. First National plans officers later this month.
MENTIONED IN THIS ARTICLE
Butte
Metals Bank & Trust Company
Miners’ Bank & Trust Company
First National
The
Frank M. Kerr
Montana Power Company
L. O. Evans
France Threatens to Block Joint German Credit
Paris newspapers report France will block renewal of the 100 million dollar short term credit to Germany shared with the Bank of England the Federal Reserve Bank of New York and the World Bank. Bruening says Germany cannot pay reparations as World Bank notes approval depended on other participants action. American bankers expect Fed to extend its 25 million dollar portion if Germany agrees to meet terms under private short term creditors principles.
MENTIONED IN THIS ARTICLE
Europe
Herr Bruening
Basel
Paris
M. Rist
M. Franqui
Signor Beneduce
Mr. Stewart
Germany
France
Bank of England
Federal Reserve of New York
World Bank
Bruening
Federal Reserve
Financial Fources
le Temps Re
Also Mentioned on This Page
Ikalk
Navy
DR. Donovan
W. A. O’kelly
Butte Council
Railroad Credit Corporation
E. G. Buckland
Credit Corporation
B. E. Hutchison
Chrysler Corporation
Mr. Hutchison
Adams
Island Metropolis
U. S. Steel Corporation
John E. Dawson
Butte Group
Atkinson
Silver Bow
Weather Forecast
F. M. Kerr
Metals Bank Co
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