Federal Reserve urged to act amid mounting crisis
Senator Thomas of Oklahoma warns the Fed that without bold action a disaster is ahead as the system expands credit. The banks bought 35 million in securities last week and 11 million the prior week while reserves hold over two billion in government securities. Industrial administrator Hugh S. Johnson says a plan to increase credit exists but no steps shown yet.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve System
Thomas
D. Okla
Federal Reserve Banks
Federal Reserve
Eugene R. Black
Federal Reserve Board
Treasury
Wall Street
Central Reserve
Hugh S. Johnson
Thomasville League to hold city meeting at eight
The Thomasville League schedules a Tuesday night meeting at City Hall at eight o'clock to hear every member's suggestions for city projects. The democratic format invites all to speak and join, stressing broad participation and practical work for local improvement.
MENTIONED IN THIS ARTICLE
Thomasville League
Thomasville
League
Deadly Northeast storm leaves hundreds homeless in Philadelphia
Rescue efforts continued as floods from the runaway hurricane claimed at least 45 lives across New York, New Jersey, Pennsylvania, Maryland and Virginia. The storm damaged the Atlantic coast, driven ships missing off the Carolinas, and left Philadelphia’s airport flooded.
MENTIONED IN THIS ARTICLE
Associated Press
Atlantic Seaboard
New York
North Carolina
Coast Guard
Solarina
Carolinas
Wing'ah Bay
S. C
Southport
N. C
South Carolina
Virginia
Philadelphia
Godeffory
N. Y
Port Jervis
Nova Scotia
Gulf of St. Lawrence
States
New Jersey
Pennsylvania
Maryland
Tropics
St. Lawrence Valley
Camp Achach
Godeffroy N. Y
Reading
Catskill Mountain
Fleischmanns
Laxe Switzerland
James Tealey
Mt. Tremper
City
Norfolk
Pucmoke Sound
Chesapeake Bay
Winyah Bay
Government liquidity policy blamed as bank crisis flaw
United States Senator Arthur H. Vandenberg testified before a one man bank grand jury in Detroit that the federal government's insistence on liquidity, not solvency, caused bank failures. He cited a White House conference on February 9 over a Detroit trust loan and warned that liquidity hurt thousands of banks.
MENTIONED IN THIS ARTICLE
Detroit
United States
Arthur H. Vandenberg
Mich
Washington
Michigan
Charles E. Coughlin
Vanderberg
White House
Union Guardian Trust Co
Herbert Hoover
Trust Company
Federal Reserve District
Chicago
The
Sey
Mass Meeting at Court House for Livestock Owners
A mass meeting for farmers and livestock owners convenes at the court house tomorrow at 3 PM. Veterinarians from federal and local agencies discuss screw worm fly treatment and eradication plans, with County Agent Pat Ward presiding. Officials warn against dumping dead animals and announce strict inspections and burning as the life cycle control. A second jury room session covers forming a National Farm Loan Association to aid Thomas County farmers.
MENTIONED IN THIS ARTICLE
Court House
Pat Ward
Wil
W. E. Dove
Bureau of Entomology
U. S. Department of Agriculture
Savannah
H. B. Raffensperger
Moultrie
R. D. Carr
Ward
J. M. Sutton
Wsa
Farm Loan Association
National Farm Loan Association
Thomas County
Bainbridge Man Killed in South Carolina Auto Crash
R. W. Rollins of Bainbridge Georgia traveling salesman was killed in an automobile collision near Allendale South Carolina. Two Chinese occupants of the other car were injured and transported to a hospital in Augusta.
MENTIONED IN THIS ARTICLE
Bainbridge
S. C
Allendale
R. W. Rollins
Bainbridge, Ga
Augusta
Wheat Conference Reaches Tariff Break in Wheat Pact
An international wheat conference finalizes a plan linking importers with a program to lift wheat prices by cutting production and boosting consumption. Tariffs will drop when wheat stays at about 63.08 US cents per bushel for four months, with exporters agreeing not to push domestic wheat production and to promote consumption.
MENTIONED IN THIS ARTICLE
London
Ing
International Wheat Conference
U. S
United States
Canada
Australia
Argentina
Wheat price agreed at international conference in Britain
London reports that a standard wheat price was set at12 pre war gold francs per quintal or about 87 cents a bushel. The rate applies to all wheat grades entering the UK and will trigger tariff cuts from importing countries after four months of maintenance.
MENTIONED IN THIS ARTICLE
London
Unite Kingdom
United Kingdom
London wheat agreement fails to move Chicago grain traders
Chicago grain brokers on the board of trade ignored the London conference pact as they claimed to not understand it. The September wheat price opened about two cents higher, with traders awaiting further guidance while the market absorbed the international accord.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
London
Provisional Use Blue Eagle Allowed Under NRA Decree
The Recovery Administration authorized provisional use of the blue eagle insignia for stores and factories claiming hardships, with a white provisional stripe across the eagle. The decision hinges on future acceptance of exemptions, after which the eagle may be removed. The action accompanies a broad review of the druggists code and a push for extended hours. The NRA also signals readiness for a nationwide door to door blue eagle campaign and a coal industry accord.
MENTIONED IN THIS ARTICLE
NRA
Washington
Recovery Administration
Thomas S. Hammond
NRA Campaign Division
NBA Today
Blue Eagle
Hugh Johnson
Roose
Blue Eagle Drive
United States
Georgia highway department deemed separate from highway board
Attorney General Yeomans ruled the Georgia highway department is a separate legal entity from the highway board and that personnel changes on the board do not affect federal funding. The decision comes as Georgia seeks a $10 million federal road allotment amid political tension between Governor Talmadge, Rep. Vinson, and federal officials.
MENTIONED IN THIS ARTICLE
Yeomans Rules Highway Department
Board
Atlanta
Georgia
Highway Department
Highway Board
Talmadge
M. J. Yeomans
Washington
Chicago
Yeomans
Federal
Woodin Assures Healthy Treasury For Public Works Drive
Secretary Woodin told President Roosevelt the treasury is strong enough to fund the 4.3 billion dollar public works program. He denied inflation or resignation talks during a visit at the summer White House and discussed timing for funding needs and enforcement machinery for the anti hoarding decree. Roosevelt planned to sign an executive order defining gold once treasury setup is ready in about four days.
MENTIONED IN THIS ARTICLE
Hyde Park
N. Y
Woodin
Roosevelt
Treasury
White House
Stephen T. Early
Public Works Administration
Talmadge Urges Price Rise for Commodities
Georgia Governor Talmadge told a steamer audience that raising industrial prices helps little unless farm prices like cotton and corn rise. He warned against building from the roof down and cited NRAs policies. He traveled with Adjutant General Lindley Camp to Warm Springs and met Indiana Governor McNutt to discuss prison building.
MENTIONED IN THIS ARTICLE
Michigan City
Fak
Talmadge
Georgia
NRA
Lindley Camp
W.B. Hutcheson
Roosevelt
Warm Springs
Camp
Paul V. McNutt
Indiana
M Cullough Dies For Slaying Of William Baker
Milledgeville Ga Aug 25 An drew McCullough Fayette county farmer was electrocuted at the state prison farm here for the murder of William B Baker former president of the Atlantic Tee and Coal Corporation of Atlanta He went to the electric chair at 1054 pm and was pronounced dead at 1105 Also Eugene Key of Houston county a man who killed his wife near Perry Ga last year was executed at 1110 pm and pronounced dead at 1114 He told the warden he believed in God and that he was framed The case also involved Dr W P Baker wounded but survived Several McCullough family members are serving sentences for related crimes The condemned man spoke to witnesses including his attorney and a prison chaplain before his death
MENTIONED IN THIS ARTICLE
Milledgeville, Ga
Andrew McCullough
Fayette County
William B. Baker
Atlantic Tee and Coal Corporation of
Atlanta
Eugene Key Houston County
Katie
Perry
McCullough
God
Mr. Baker
Dr. W. P. Baker
Dr. Baker
E. C. Adkins
Frank Bowers
Weather forecast snippets across southeastern states
Weather outlook covers South Carolina Georgia Florida Alabama and extreme Northwest Florida. Tonight stays fair in SC and GA while Florida and Alabama see partly cloudy skies with Saturday showers and thunderstorms. Coastal areas may experience scattered thundershowers Saturday in several states.
MENTIONED IN THIS ARTICLE
South Carolina
Georgia
Florida
Alabama
Also Mentioned on This Page
Sen
Oklahoma
Atlantic Coast
Ocean View
Virginia Beach
Eath
Lehman
Charles W. Berry
New York City
United
Kingdon
NBA
of Department
George and
Russell
Georgis
Vinson
J. W. Barnett
Board of Highway Commissioners
W. T. Anderson
Macon Telegraph
Macon Evening News
MacDonald
Thorugh
Barnett
Cullough
William Baker
Electric Chair
Baker
Bowers
Bowera
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