Gold clauses upheld spurs market surge on Wall Street
Securities rose after the supreme court upheld abrogation of gold clauses in private obligations. Rail bonds led gains, Santa Fe and Chrysler jumped, U S Steel and Du Pont climbed while trading rush caused market delays. Multiple boards suspended trading amid the surge and NRA extension message was delayed.
MENTIONED IN THIS ARTICLE
New York
Supreme Court
Wall Street
Santa Fe
Chrysler
U. S. Steel
du Pont
American Telephone
Government calls Supreme Court gold rulings a victory
President Roosevelt and top aides concluded after reviewing the court decisions that no new legislation or administrative action was needed. Attorney General Cummings and Senator Robinson announced the result at the White House, calling it a complete victory for the government.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Supreme Court
White House
Cummings
Robinson
Arkansas
Hull
Morgenthau
Court Upholds New Deal Plan in Gold Case Split
The Supreme Court, in a 5 to 4 ruling, upheld legislation eliminating gold-payment clauses from private bonds and dismissed suits challenging this against government bonds. Justices Hughes Brandeis Stone Roberts Cardozo formed the majority while McReynolds led the dissent. The decision leaves bondholders with limited recourse, pending potential congressional action.
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United States Supreme Court
Congress
Brandeis
Stone
Roberts
Cardozo
McReynolds
van Devanter
Butler
Sutherland
Hughes
Washington
U.P
Supreme Court
Charles E. Hughes
Louis D. Brandeis
Harlan F. Stone
Owen J. Roberts
Benjamin N. Cardozo
James C. McReynolds
Willis van Devanter
George Sutherland
Pierce Butler
U. S. Court of Claims
Court of Claims
Treasury
Rebellion at Oklahoma Reformatory Spurs Nationwide Manhunt
An armed breakout by 22 inmates at a Southwestern Oklahoma reformatory sparked a wide hunt. Peace officers with bloodhounds and a radio plane combed highways and rural areas in Oklahoma and Texas for 18 young criminals who fled after overpowering a guard and seizing the gate.
MENTIONED IN THIS ARTICLE
Granite
Okla
Oklahoma
Texas
Pay as you fight urged by House military panel
Washington date line reports the House committee on military affairs urged a pay as you fight policy for future wars. The panel backs price limits, a 100 percent excess profits tax, and higher taxes to curb profiteering seen during World War I. The report warns against confiscatory wealth drafting and notes World War I cost about 39 billion dollars with 10 billion loaned to allies.
MENTIONED IN THIS ARTICLE
House Committee On
Washington
Congress
House Committee On Military Affairs
McSwain
D.S. C
America
Military Committee
Registration on School Vote Closes Tomorrow
Registration for the April 6 school election will close tomorrow at 5 p m The county clerk John Holland said the office stays open tonight until 8 p m to accommodate voters who wish to qualify Two seats on the board of trustees for school district No 1 are up for election Terms of William McCarthy and T R Morgan expire this year Registration lists show 20501 registered for the election Nomination caucuses date not yet set likely about ten days before the election Margaret Leary said today
MENTIONED IN THIS ARTICLE
John Holland
William McCarthy
T. R. Morgan
Margaret Leary
Montana Weather Turns Cold With Unsettled Skies
The forecast shows unsettled conditions and a drop in temperatures tonight with Tuesday expected to be generally fair.
Green to launch union drive in auto industry
President William Green of the American Federation of Labor will start a nationwide campaign to organize thousands of workers in the automobile industry. The push signals a broad effort to expand labor union influence across major manufacturing sectors.
MENTIONED IN THIS ARTICLE
Washington
William Green
American Federation of Labor
Weather Report: Cloudy Skies With Stable Temperatures
The United Press notes overcast conditions with no temperature change expected. The cloudy outlook persists as the day progresses without significant shifts in air temperature.
MENTIONED IN THIS ARTICLE
United Press
Kentucky Publisher Desha Breckinridge Dies at 67
Desha Breckinridge, a Kentucky publisher, political leader and sportsman, died at his Lexington home aged 67. The death occurred February 18 in Lexington, Kentucky.
MENTIONED IN THIS ARTICLE
Kentucky
Lexington
Desha Breckinridge
Helena Man Seeks Reversion Of 10 Old Convention Plan
Helena residents report the Montana House passed H B 78 on third reading with a 51 to 54 vote legalizing gambling. The Montana Senate considers reform of the primary election system amid a flood of 190 bills, with a referendum potentially reverting the primary system if approved.
MENTIONED IN THIS ARTICLE
Helena
Montana House of Representatives
Montana
Treasure State
Senate
Church of Helena
Bomb Sent by Mail to Senator Huey P. Long
A non exploding bomb was received today in the mail for Senator Huey P. Long. Long was away from the capital when the package arrived. Secretary Earl Christenberry opened it without noting the sender. Postal authorities and inspectors were dispatched to handle the scene.
MENTIONED IN THIS ARTICLE
Washington
Huey P. Long
Long
Earl Christenberry
Blackshirts Sail for Eritrea and Somaliland
More than 2,000 Blackshirts with full colonial kit boarded the 8.8 Gauge in Naples today bound for Eritrea and Italian Somaliland as part of Italy's response to Ethiopia's defiance. Mussolini urged the troops to write the most beautiful page in Fascist history. Officers and specialists moved into Naples.
MENTIONED IN THIS ARTICLE
Naples
Italy
Eritrea
Italian Somaliland
Ethiopia
Mussolini
German Spies Executed at dawn in Berlin Beheading
Baroness Venita von Berg and Frau Renate von Natzmer, prominent German women, were beheaded at Ploetzensee prison for spying for a foreign state. The executions occurred at dawn with witnesses present as part of a dramatic espionage case. Other defendants, including Baron Georg von Sosnowski, received life sentences.
MENTIONED IN THIS ARTICLE
United Press
Berlin
Venita von Berg
Frau Renate von Natzmer
Ploetzensee
Georg von Sosnowski
Fraulein von Jena
Reichswehr
Spring Weather Maintains Warmth Amid Melting Ice
After yesterday's milder spell the city saw continued warmth as ice melted on sidewalks. At 1:30 pm the thermometer stood at 37 degrees, three degrees above the morning minimum, with yesterday's high reaching 46. The barometer remained steady and thin clouds allowed sun.
What Today's Gold Ruling Means to Average Person
Washington reports analyze the gold decision impact on everyday money and investments. It states wrinkled dollars retain purchasing power, old bonds and gold certificates face limited recovery, and claims to devalued dollars are largely uncollectible.
MENTIONED IN THIS ARTICLE
Washington
Court of Claims
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Chicago
Boards of Trade
Board of Trade
Kansas City Board of Trade
St. Louis Merchants Exchange
NRA
Waite House
Montana Weather
A. P
GREEN
Idaho
Somaliland
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