Senate acts to waive bond rule in emergency currency plan
The Senate passed an amendment to the Aldrich-Vreeland act allowing banks to issue emergency currency backed by commercial paper if bond deposits fall short. The move, urged by Secretary McAdoo, aims to prevent a dollar shortage as war conditions loom, with the House expected to act promptly to align with the Senate currency measure and suspend certain bond requirements.
MENTIONED IN THIS ARTICLE
House
Senate
United States
Barha
Ireaaury Department
Sun Barks
Aldrin Vreeland
Seiitary VeAdoo UV
Atso
Post
Warburg
New York
Owen
Aia
Stig
Congress
Hitchcock
Business World
Aldrich Vreeland
eaMlier
Altri Vreeland
Semed
Toms
Houss
Carter Glass
Underwood
White House
Condi- Hong
Wall Street Faces Uncertain Close as Markets Halt
In New York the World’s Bourses closed with a split decision as the New York Stock Exchange halted trading amid fears of a wider European crisis. Brokers crowded Wall Street while a five member committee led by Noble considered options as foreign exchanges and gold movements intensified. The cotton market saw dramatic swings and several firms suspended operations, underscoring a period of extreme financial tension.
MENTIONED IN THIS ARTICLE
London
Bandera
Stock Exchange
Morgan says American values suffer only small losses from war
New York July 31 J P Morgan, head of J P Morgan & Co, warned that a general European war would bring widespread upheaval but insisted American securities would not suffer greatly. He urged keeping heads, Treasury actions, and coordinated effort to restore normal conditions swiftly.
MENTIONED IN THIS ARTICLE
Morgan
New York
J. P. Morgan
United States
J. P. Morgan & Co
Europe
New York Stock Exchange
America
London Bank Action and Market Turmoil in War Crisis
London banks and the London Stock Exchange closed as Bank of England raised discount rate to 6 percent to protect gold. Officials say suspension of the banking act is possible but not necessary now. Wholesale food prices surge. fears of cash shortages and notes in small denominations rise. International exchanges halt trading as government officials plan measures to resume business Tuesday.
MENTIONED IN THIS ARTICLE
Bank of England
London
Londons Stock Exchange
Ihe Hiater
England
Scotland
Londons
Banka
Asquith
David Liesa George
The
Stock Exchange
Block Exchange
Bath of England
New York
London Tonight
United States
McAdoo
Nelson
France
Germany
Anse
Moot
Treasury
Change In New York Board Causes Panic Averted
The Washington Stock Exchange closed for the day amid fears of a European war and market instability. Brokers praised Wall Street’s decision to suspend activity, avoiding a potential crash and widespread failures. The era’s outlook suggested significant financial impact on the United States and its farmers, manufacturers, and exporters amid ongoing conflict.
MENTIONED IN THIS ARTICLE
Wall Street
Board of Governors
Mr Ely
Board Room
Ly An
Mr. Ely
Washington Stock Exchange
New York
New York Exchange 1
New York Board
Commercial National Bank
Alfret
United States
Prospect of War Strain on American Trade Echoed
The article notes large gold exports from New York and heavy selling of securities abroad. It warns that after a European war nations exhaust money and manpower, reducing production and buying power. U S manufacturers and exporters should seek new markets as Europe’s turmoil pressures American prosperity.
MENTIONED IN THIS ARTICLE
New York
United States
Woodmen on Merry Outing at Chesapeake Beach
Two thousand Modern Woodmen of America members and friends from Washington camps enjoyed a Washington outing at Chesapeake Beach. Events included tracing jumping contests and a 7 to 6 baseball win by A R Talbot Camp over Lincoln Camp, with list of event winners for youth and adults.
MENTIONED IN THIS ARTICLE
Washington
Chesapeake Beach
Modern
Woodmen of America
A R Talbot
Lincoln Camp
Helen Royal
Evelyn Millard
Louis Millard
William Nor
William Grady
Jessie Carman
Wiliam Grady
Dee Hammer
Newman Endorsed at Picnic by Tax Reform Group
The Tax Reform Association of the District of Columbia unanimously endorsed Commissioner Oliver P Newman at their annual excursion to Marshall Hall. The group denounced efforts of the home rule committee to oust him. Speakers included W D MacKenzie Silas L Moser and E W Osater who discussed taxation and district affairs. Judson King of the Popular Government League highlighted the Owen bill in the Senate.
MENTIONED IN THIS ARTICLE
Tax Reform Association
Oliver P Newman
Home Rule Committee
Tax Reform Association of the
District of Columbia
Marshall Hall
Martin Williame
W D MacKenzie
Silas L. Moser
Commission of Industrial Relations
E W Osater
Mackenzie
Auto supply firms in Winchester area listed
A long list of Winchester Virginia auto supply stores and dealers is named including N A Cooper and Son, Wilson Goucher Tire Co, L E Sullivan Rubber Tire Co, Commercial Auto and Supply Co, Columbia Auto Supply Co, and Foss-Hughes Company among others. The OCR mentions addresses on 14th Street Northwest and nearby avenues, plus various brand names like Studebaker Pierce Arrow Packard and more. Separate parliamentary excerpts discuss banking committee proceedings and remarks by Senator Owen and Edwin A Potter regarding federal reserve measures and currency reserves, with notes on gold holdings and emergency currency.
MENTIONED IN THIS ARTICLE
Wilson-Goucher Tire Co
14Th Street
N. W
H. F. Seamark
Sts. N. W
Merkle
Emblem
Thor
L. E. Sullivan Rubber Tire Co
H St. N. W
Commercial Auto and Supply Co
14Th St. N. W
Studebaker
Columbia Auto Supply Co
Auto Supplies
6Th St. N. W
Foss-Hughes Company
Connecticut Ave
Pierce-Arrow
The
Luttrell Company
N. H. Ave
Packard
National Electrical Supply Co
N.Y. Ave
Roosevelt backs fusion stance in Maine governor race
Theodore Roosevelt met with Progressive candidate Gardner in Maine and issued a typewritten statement and a letter read at Gardner's campaign opening. Roosevelt defined his fusion view, supporting cooperation with Republicans to oust party bosses but rejecting alignment with the old Republican machine amid Gardner’s fusion concerns.
MENTIONED IN THIS ARTICLE
Gardner
Maine
Theodore Roosevelt
Cal Roosevelt
Roosevelt
Also Mentioned on This Page
M’adoo
Iest
Banking Association
Aldrich Vraeland
Ana Cesul
J P Morgen & Co
A B
Hepburn
Canadian Pacific
Tme
Jovernory
Noble
Consolidated
Coffee Exchange
Metal Exchange
Ita
Clearing House
Clearing House Committee
Cenfer
Bmor-Gan
Cotton Exchange
Daniel J Sully
William Allen Butler
Consolidated Stock Exchange
Attle Board
U. 5. Pat
I Washington
Amerca
Newman
E St. N. W
H. A. French & Company
9Th St. N. W
Wolf & Manson
Fla. Ave
Irvin T. Donohoe
Winchester
Auto Livery Company
Winchester, Va
N. A. Cooper and Son
Auto
Martinsburg
W. Va
Carr & Dicken
Ford
T. W. Martin
Chalmers
S. W
Kent Miller
Cadillac
United
Frederick
D. Chester Kemp
Rockville
D. H. Warfield
Charles Town
Allen
Jefferson
Leesburg
John Hill Carter
Culpeper
Shepherd Motor Car Co
Strasburg
Alfred Bly.tates
U. 5
Banking, and Currency Committee
Federal Reserve Board
Edwin A. Potter
Edwin A Potter
Chicago
Potter
Minnesota
Orffy
Europa
Asheville
Willeave
Ashevile
MNC
Status of Foreign Relations
Iy Aan
I. B
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