Roosevelt orders silver coinage to raise commodity prices
President Roosevelt opened federal mints to newly mined silver and authorized half of produced metal to be returned to the producer, while continuing gold purchases at $34.06 per ounce. The move aims to absorb about 24.4 million ounces of silver annually through 1937 under the London agreement, with the plan tied to stabilizing prices and boosting exports.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Treasury
RFC
London
General Fund
Eugene Black
Federal Reserve Board of Reserve Bank
United States
Congress
Pittman
Australia
Canada
Mexico
Peru
China
India
Spain
I Undergt
Remote sections to get highway construction in Georgia
Georgia will let contracts January 11 totaling 1 million dollars for remote-area highway work as part of a 10 million dollar federal public works share. Projects include a 0.699 mile paving inside Milledgeville and an 11.2 mile link from Madison county line to Greensboro, plus feeder roads across counties.
MENTIONED IN THIS ARTICLE
Atlanta
Georgia
Savannah
Madison, Eatonton
Swainsboro
Milledgeville
Madison-Eatonton
Madison County
Greensboro
Wayne County
State Highway Board
Georgia plans $10 million federal aid highway work in 194? bid opening
The state highway board moves toward the halfway mark in a $10 million federal emergency construction program. Bid openings January 11 will cover about $1 million, taking total outlay to $4 million with twenty one paving grading and bridge projects listed across several counties including Tift Baldwin Elbert Wayne Polk Worth Greene Morgan and others.
MENTIONED IN THIS ARTICLE
Atlanta
State Highway Board
Ust
Tifton-Waycross
Tift County
City of
Milledgeville
Milledgeville-Eatonton
Baldwin County
Elberton-Abbeville
Elbert County
Jesup- Baxley
Wayne County
Dallas- Cedartown
Polk County
Worth County
Greene and
Morgan Counties
Philadelphia Pickets Striking Puts City Transit in Turmoil
A general strike by nine allied unions cripples Christmas deliveries in Philadelphia. About 28 000 workers are affected as car barns are picketed to pressure trolley workers to join. The action follows a taxi driver dispute with the Philadelphia Rapid Transit Company amid a National Labor Board plea to avoid disruption.
MENTIONED IN THIS ARTICLE
Philadelphia
Brotherhood of Transportation Workers
Philadelphia Rapid Transit Company
William M. Leiserson
National Labor Board
Leiserson
Senator George to Renew Fight for School Loans
Georgia Senator Senior George plans to renew efforts in the coming session to authorize the Reconstruction Finance Corporation to provide operating cost loans for schools. He estimates at least 200 million dollars is needed to cover immediate school expenses caused by tax collection delays. He proposes RFC loans to states counties municipalities and school districts.
MENTIONED IN THIS ARTICLE
Washington
George
Georgia
Congress
Reconstruction Finance Corporation
RFC
YEGMANS SAYS ROAD Bound CASE STILL BEFORE THE COURT
Atlanta Ga Dec 22 The case of deposed Chairman J W Barnett of the state highway board is still before the state supreme court Attorney General M J Yeomans contended in an amended appeal from the court's recent decision filed today Yeomans amended petition for a rehearing in the ouster of J J Mangham but no longer chairman of the road body claims the supreme court's 50 50 decision on the moot question did not decide the issue and therefore the case was still before the tribunal Barnett filed ouster proceedings against Mangham after the latter succeeded him on appointment of Governor Talmage in Haralson County Mangham resigned at the governor's request and Yeomans filed a petition for dismissal of the appeal on moot grounds The supreme court announced its division on the moot issue with four judges equal in opinion Yeomans contends the supreme court must decide the moot question itself since no lower court can sustain a decision The attorney general also argued that the court could not act on the lower court's demurrer error in dismissing Mangham's claims since the moot issue must be settled first and the alleged error was not argued within the proper time
MENTIONED IN THIS ARTICLE
Atlanta
J. W. Barnett
State Highway Board
State Supreme Court
M.J. Yeomans
Genera
J. J. Mangham
Barnett
Supreme Court
Mont
Mangham
Talmadge
Haralson
Yeomans
Mangh 2
Attorney General
Senator George Calls Inflation Measures to Offset Money Demand
The quote notes that constructive goals may offset demand for money by enacting drastic direct inflationary actions. It cites Senator George arguing for inflationary policy as a tool to balance money circulation and demand.
MENTIONED IN THIS ARTICLE
George
Silver Added to Money Base Aims to Stabilize Dollar
Washington reports that the president's silver purchases would add about 15 million dollars of silver to the 29 million already in circulation and may raise commodity and security prices temporarily. Experts debate if remonetization can affect prices beyond a few days, with scholars like G F Warren arguing a two-metal system could stabilize prices by adjusting gold silver relations. The proclamation keeps the right to alter the gold silver ratio.
MENTIONED IN THIS ARTICLE
J. R. Brackett
Associated Press
Washington
Dec
G. F. Warren
Warren
Nanking Air Strikes Changchow Amid Fukien Revolt
Thirteen Nanking government planes bombed Changchow in Fukien province dropping twenty two bombs and causing heavy casualties. Reports say fighting mounted along the Chekiang border as Fukien rebel forces were dispersed by government troops. Two Nanking planes reportedly missing.
MENTIONED IN THIS ARTICLE
Nanking
Changchow
Revolutionary Province
Hong Kong
Fuqien
Chekiang
Fukieny
Kwangsi
Kwangtung
Peoples
Fukien
Knulangsu
Amoy
Georgia Supreme Court backs governor on public service suspensions
The Georgia Supreme Court upheld Governor Talmadge authority to suspend all members of the Old Georgia public service commission until the next legislative session. It ruled suspensions are for the legislature to decide whether justified, with the next regular session in 1935 possible extra sessions. The action followed charges by the Georgia Federation of Labor that the commission favored utilities.
MENTIONED IN THIS ARTICLE
Atlanta
Georgia Supreme Court
Talmadge
Old
Georgia Public Service Commission
General Assembly
Supreme Court
James A. Perry
Jule W. Felton
Walter McDonald
Albert Woodruff
Perry T. Knight
Georgia Federation of Labor
Wihoit
Warrenton
Highway Board
Fulton
Franklin
Troup
Ben T. Hult
George Goode
J. B. Daniel
Tom Davis
Boykin Awarded $1000 in Counter Suit Against McRae
Atlanta December 22 Damages of 1000 were awarded to Solicitor General John A. Boykin in a counter libel suit against William G. McRae his opponent in the last election McRae served notice of an appeal He sued Boykin for 100000 for alleged nbels against him in the pre election campaign and Boykin countered with a 300000 suit Both trials lasting 14 days were heard together.
MENTIONED IN THIS ARTICLE
Atlanta
Genral John A. Boykin
William G. McRae
McRae
Boykin
Local airport improves planned for Vase Field
Mayor Beverly and city authorities discussed with Philip Moore of the U S Department of Commerce a proposed airport improvement project submitted to the state committee for hearing. The plan calls for 275 workers and grading to lay in two and a half percent, with changes to vehicle ingress and egress to create a major regional field.
MENTIONED IN THIS ARTICLE
W. I. Beverly
Philips Moore
U. S. Department of Commerce
State Committee
Moore
Beverly
Pringle
Water and Light Department
Liquor Tax Bill Approved By House Committee
Washington reports the Ways and Means Committee tentatively approved a liquor tax plan estimating 470 million dollars in revenue including beer. A 34 a gallon levy on distilled spirits would yield about 300 million with 150 million gallons consumed in the first full post repeal year. The panel rejected allocating liquor revenue to states and signaled intent to consider reciprocal trade measures. The committee set a flat four dollar per barrel rate on beer.
MENTIONED IN THIS ARTICLE
Washington
House Ways and Means
Voughton
Coughton
House
Ways and Means Committee
Presidenal Inter-Departmental Committee
Treasury
Weather forecast highlights for Alabama and Southeast region
Alabama expects fair skies and warmer tonight with increasing clouds on Saturday and mild temperatures. Northwest Florida shows partly cloudy skies tonight and Saturday with little temperature change. The outlook extends to South Carolina and Georgia with similar conditions and no major temperature shifts.
MENTIONED IN THIS ARTICLE
Alabama
Florida
South Carolina
Georgia
Markets surge on Roosevelt silver program as stocks rally
New York reports show speculative markets leaping on the presidents silver plan with metals leading gains and trading heavy. Silver futures rise early then trim losses, cotton and grains retreat, while American Smelting and Refining and Mining shares jump on large blocks exchanging hands.
MENTIONED IN THIS ARTICLE
New York
Roosevelt
Der
Cotten
American Smelting and Refining Co
U. & Smelting
London Silversees Ratification Triggers Slight Price Rise
The U S ratification of the London silver agreement yesterday nudged prices up a half penny to 19 1 16 pence an ounce. Trading was modest with small offerings and a cautious tone as American and speculative buyers entered the market.
MENTIONED IN THIS ARTICLE
London
United States
Dollar Drops After New Domestic Silver Program News
The dollar fell in London and Paris while rising in New York after the silver program announcement. The pound closed at 5.1014 dollars and sterling in New York reached 5.11 1/2 dollars, with Paris quoting francs. The dollar’s value versus the franc and the parity against gold showed declines, reflecting market reaction.
MENTIONED IN THIS ARTICLE
Associated Press
London
New York
Paris
France
Dollar cheapens on quiet London market
On a quiet foreign exchange market in London the United States dollar weakened to $5.10 1 4 per pound from $5.08 1 4, sliding under moderate offerings as demand remained light. The fall came despite no change in the American gold price, with gold currencies firmer and the franc quoted at 33.56.
MENTIONED IN THIS ARTICLE
London
United States
Also Mentioned on This Page
Great Britain
Ben T. Marshall
Seal Island
Capt Sable
N. S
Yegmans
Highway Dept
OF State Commission
Tribunal
Phillips Moore
Levy
Wall Street
Cire
Zar
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