Review of Last Week's History Making Events at Federal Reserve
Review outlines the new Federal Reserve Board inauguration with seven members named or expected, including Morrison arriving late, and Eccles and Szymczako as holdovers. It notes the board's powers, including margins, open market influence, and governance over banks and brokers, plus a clash at a meeting where miners and delegates expressed opposition to a speaker. It also mentions a Roosevelt push to repeal three AAA auxiliary acts and Nazi rally remarks by Hitler praising military independence and unity amid unrest.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Ralph W. Morrison
Texas
Roosevelt Marriner
Eccles
Chatrinnt
Reconstruction Finance Corporation
Joseph A. Broderick
New York
Reserve Board
Supreme Court of Banking
Farm Program Bill Heads To Senate Debates
The Bank head-Jones soil conservation bill, admin substitute for AAA, cleared the Senate Agricultural Committee 14 to 2 with some doubts on constitutionality. It would let the secretary of agriculture remove 30 million acres from elevation and broaden powers, likely triggering a heated floor fight. Secretary Wallace said agencies would cooperate to recover 200 thousand dollars ordered returned to processors by the Supreme Court, but details were not given. In a radio talk he criticized the court as the most gigantic legalized steal in history. Representative Alan Treadway called for impeachment for such remarks. United Mine Workers in Washington rejected Green’s appeal to drop industrial union efforts, while the AFL president urged unity to avoid splits in American labor. The miners, led by John L. Lewis, faced pressure within craft unions.
MENTIONED IN THIS ARTICLE
AAA
Senate Agricultural Committee
Kitson D. Smith
South Carolina
Toth
Secretary of Agriculture
Senate
Wallace
Agriculture, Treasury and Justice Departments
Supreme Court
The
Alan Treadway
Mlassachusetts
United Mine Workers
William Green
Mine Workers of America
Washington
A. F. of L
A. B
John L
Attor ney General May Delay Carried Out Executions
Hauptmann’s February 15 expiry triggers potential four to five week wait before the execution date set by Justice Thomas W. Trenchard. The governor may lack reprieve power and Attorney Witentz must concur for any further delay. the attorney general signals no new postponement. White House leaks and legal debates frame a tense delay outlook.
MENTIONED IN THIS ARTICLE
Ed Hauptmann
Thomas W. Trenchard
David T. Witentz
Landon Nominated by Kansas Republicans for President
Kansas Republicans and state leaders in Topeka on Founders' Day presented Governor Alf Landon of Kansas as their choice for the Republican Presidential nomination. He spoke to banquet attendees outlining plans to curb federal extravagance and restore prosperity. He pledged agricultural relief if nominated and elected.
MENTIONED IN THIS ARTICLE
Kansas
Landon
ANSAS
Republican State Committee
Kansas Day Club
Missouri Valley
Topeka
Alf Landon
Mr. Landon
Mussolini War Update in Ethiopia Gains and Losses
Heavy fighting in the Tembien mountains leaves about six hundred Italians dead or wounded. Rome says natives are routed. In the southern sector Italian motorized columns push Ras Desta Demtu forces back 80 miles toward Alatta along the Ganale Dorla river. Ethiopians retreating in panic but still resisting. Emperor Haile Selassie dispatches reinforcements to his son-in-law, Ras Desta.
MENTIONED IN THIS ARTICLE
Ethiopia
Tembien
Rome
Ras Desta Demtu
Ganale Dorla
Alatta
Adda Ababa
Has Desta
Naval Conference Advances Toward Naval Arms Agreement
The London four power talks inch toward limits on ship sizes and gun calibers, with the United States France and Italy accepting a British compromise as a basis for discussion. Proposals include battleships up to 85,000 tons and 14 inch guns, with destroyers and small cruisers in a new category pointing to a broader arms deal amid unsettled world affairs and Japan’s defection. A separate note questions who ordered the United States Marine Band to walk out at a women’s defense conference, hinting at Navy Secretary Roosevelts involvement and a congressional probe.
MENTIONED IN THIS ARTICLE
Ajor
Japan
Ashington
United States Marine Band
Secretary of the Navy
Henry N. Roosevelt
Congress
Bainbridge Colby
Doings of Townsend Pension Advocates May Be Probed
A proposed inquiry into Townsend age pension advocates was introduced by Representative Jasper Bell of Missouri. The resolution accuses individuals and groups of promoting pension schemes for the aged under fraudulent pretenses and claims several promoters profit from the plan. About 40 to 60 Townsend supporters were thought in the House, signaling a lively debate.
MENTIONED IN THIS ARTICLE
Townsend
Aries
Jasper Bell
Missouri
Talmadge Boom Launches Georgia Presidential Bid
A thousand or more grass roots Democrats from 17 southern and border states met in Macon Georgia to urge Governor Eugene Talmadge to run as a constitutional Democrat opposing New Deal theorists. The platform defended states rights and criticized Roosevelt preservation of the Constitution and Jeffersonian principles amid regional political tension following Louisiana Governor Allen's death.
MENTIONED IN THIS ARTICLE
Macon
Eugene Talmadge
Democratis
Walmadge
C. K. Allen
Also Mentioned on This Page
Edward W. Pickard
Western Newspaper Union
Lewis
Mr. Green
Green
Roosevelt
Erat
Chereupon
Navy
Republians
In Eldment
Hitler
Pole Hitlelm
Germany
Unit T
Marriner
Dickinson
L. J. Dickinson
Iowa
Frank ©. Lowden
Winds
Gen
Kondylis
Greece
Cys
George Kondylis
George
Kondyils
Lindbergh
Hoffman
Harold G. Hoffman
New Jersey
Col. H
Norman Schwarzkopf
J. Bassett
John Bassett Moore
World Court
Senate Foreign Relations Committee
Johnson
California
Moore
League
Italy
League of Notions
Geneva
Poland
Czechoslovakia
Lkely
United States
United States Administration
Eastman
Osepid B
Bretman
Worcester
Mass
Mechanicovile
Grand Rapids
Mich
Jacksonville
Fla
Montgomery
Ala
Meridian
Miss
Freeport
Des Moines
Council Blaffa
Beaumont
Ogden
Utah
J. B. Eastman
Gov. Landon
Mussolini
Naval Conference
Talmadge
Georgia
Gov