davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-06
F GOD SUPPLY.
IS REPORTED
PLENTIFUL
President WithhoEds Request
For Funds Till Damage
Can Be Estimated
By International News Service


The drought situation in the
Central West approaches the ma
ture of a national disaster, Presi-
dent Roosevelt said today in his
semiweekly press conference, but
there is no danger of a food
shortage.
Until the full extent of the
damage can be gagged, he will
withhold his message to Congress
requesting 525 million dollars to
relieve the situation.
The drought may, he conceded,
upset the Administrators plans
for a balanced Federal budget in
1896. But if the budget is un-
balanced, it will be only to the
extent Of the appropriations nee
essary for drought relief.
Rain Needed Badly
The Weather Bureau warned
today that "the need of rain is
becoming more pronounced" in
New York, Western Pennsylvania,
West Virginia, about half of Ten
nessee, Northern Alabama, parts
Of Mississippi, Northern and
Western Arkansas and Texas.
The light to heavy rains that
fell over many localities in the
central valleys and the northwest
only were of decidedly local
character and no widespread per-
manent relief from drought con-
ditionS has as yet been afforded"
The report added:
I'm addition much of the week
was extremely warm in the CEN
trail valleys and the northwest,
the previous all-time tempera-
ture records being broken in
some places.
SITUATION EASED
"SOme of the western noun
tain State Jared better than
did the sections to the east
ward. The eastern third of
Wyoming and some western
counties Of that State, also the
western half of Montana, much
of Idaho, and more generally
Washington had substantial pre-
cipitation, which was decidedly
favorable.
I'm Northern New Mexico,
Western Colorado, and more
locally in Utah there were good
rains, but in most of these
States and Nevada droughty
conditions were intensified.
"Small grains have suffered
severely, especially oats. Con.
siderable spring wheat in the
southern portion of the belt is
now practically beyond help,
while much winter wheat in the
earlier districts is ripening too
fast on short straw and with
imperfectIy developed heads.
The corn crop still has a
chance, with local showers dur.
ing the week aiding germina-
ton"
CORN RELEASED
To bolster the rapidly falling
feed supply in the drought States,
the Commodity Credit Corpora
ton broadcast a sinplified plan
for releasing a part of the corn
held under seal on farms, where
this grain may be used for emer-
gency feeding of stock.
Fifty of the counties added to
the list of those now in the "sec-
ondary" area, which means that
they are just short of emergency
areas, are in Illinois, Indiana, and
Iowa, where no previous drought
sections had been named. Forty
five others are additions to those
already named in Minnesota, Neb-
raska, Wisconsin, Kansas and
Texas.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-06
PlaylUright's Death
Believed Suicide

NEW YORK, June 6 G.N.SO.
Police declared today that they
we're satisfied Mrs. Jane Mauldin
Feigl, playwright and poet, had
ended her own life. The woman,
who was 60 and the widow of
Col. Fred Feigl, first American
artillery officer killed in the
World War, was found dead in
her room in a small Broadway
hotel yesterday. She is thought
to have swallowed poison.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-06
Natalie Tdln1Gdge
Drops KeatOn Name

LOS ANGELES, June 6.-Nat-
allie Talmadge Keaton, divorced
actress wife of Buster Keaton,
screen comedian, today was
granted the legal right to re-
sumo the use of her maiden
name. The actress said the
change was made for professional
and social reasons.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-06
Craftsmen Pass Up
S659.OOO in Bonds

PERTH AMBOY, N. j., June g..
Successfully escaping detection as
they worked, thieves entered City
Hall and stole about $66 in cash
from two offices, but overlooked
$3.50 900 worth Of city bonds which
are to be used in the city's sewage
disposal work. The bonds we're in
a safe in the office of E. ]. Dalton,
city controller.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-06
FugitiUes Returned
To HtnZLntOn J0iL

AUNTON, Va. June 6.
James johnson and Roy Blair,
colored, who escaped from jail
here last Monday, were back be-
hind the bars today, captured
when they boarded a freight train
near North Mountain.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-06
House Under Control

"How will 1 get there?" Where will
we go over the week-end?" These are
questions hundreds of people are ask
ing every day they can be an
swered, and economically, too. by tho
purchase of one of the good used cars
advertised today in the WANT AID
SECTION of this newspaper.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-06
c. D. P. LEADERS
CALLED IN BY
PRESIDENT
Invited to White House With
Democrats in Effort to
End Senate Strife
BY WILLIAM X. HUTCHINSON
International News Service

A White House conference be-
tween President Roosevelt and
both major party leaders in Con-
greSs was scheduled today in an
effort to eliminate the threat of
an all summer session.
The Republican leadership was
called into the conference after
the minority baked at enacting
the Presidents six point must"
legislative program. The President
was reported as hoping to reach
an agreement on a program and a
date of adjournment.
G. o. P. Senators BaIky
Senate Republicans served no.
tice literally they would fight all
legislation until the President
agrees on the adjournment date.
They debated a conference report
on the air mail bill all afternoon
yesterday to delay action on the
Administrators new silver legisla-
ton, and all other measures on
the Presidents program.
This program, aside from the
silver bill, consisted of the Wag-
ner Labor Disputes bill, the Wal
lace Farm Licensing act, the
Presidents own new housing bill
and special appropriations for I'M
employment and drought relief.
The appropriations can be enacted
easily, but there will be stiff Re-
publican opposition to the other
measures in the Senate.
It was a differenct story in the
House, where the membership has
been gagged" under a rule re-
vived from the days of Car
Reed.
House Under Control
Administrator leaders there are
ready and able to pass any bill
desired by the President and in
record-breaking time.
The silver bill would establish
Government policy of using sill
yer for one-fourth of the nations
monetary stocks.
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-03-31
VII TiIl Il Be-
Roosevelt Or Ruin?


their greatest opportunity in the
nations history to systematic
ally plumber the American peo-
pie out of their gold, in exchange
for their printing press" money
{ federal Reserve notes.. Here
is an illustration of how it
works.
Lei Us SUPPOSE the Federal
Reserve Banks started in with
a paid-in capital of $780, 900, 900.
This had to be paid in in Gold
Coin or Gold Certificates.
Against this, the Federal Re
serve Banks issued $250,000, 600
in Federal Reserve Notes.
In the meantime, member
banks (who are the owners of
the Federal Reserve Banks)
would Systematically gather in
Gold Coin and Gold Certificates
and send them in to the Federal
Reserve Banks in exchange for
Federal Reserve Notes print
ing Press Money! until the Fed
eral Reserve Banks had ex-
changed all of the $25O,000, 600
of printing press, money for
gold coin and gold certificates.
Now, then, with this extra
$25O,OOO,O 600 in Gold in their
vaults, they issued $625, 100000
in Federal Reserve Notes (more
printing press money! !,
Again, proceed as before,
Member B a NIX s continue to
gather in Gold Coin and Gold
Certificates and send them in TO
the Federal Reserve, Banks liz
exchange for more printing
press money, until this $685.
100000 of printing press"
money has all been turned into
good sound gold coin or Gold
Certificates.
Again we proceed, and this
time we get into the billions.
The Federal Reserve Banks now
have $625,O0O,OO0 more gold
against which they can issue ST.
SCI, 100000 in Federal Reserve
Notes (still more printing press
money!.
The Member Banks are doing
their part well. They are send
ing in the gold SO Systematically
gathered in from their custom
ers, and a close vigil is kept so
that never a gold coin or a gold
certificate slips through a paying
tellers window. This time it is a
real scoop! One billion five hum
dred and sixty-two million five
hundred thousand dollars in gold
and gold certificates scooped in
for a bunch of rags (printing
press money!!
The Federal Reserve Banks
began business with a capital of
$1OO,OOO,OO0. They have now
accumulated $2,5I, 100000 in
gold and gold certificates. They
have gold enough on hand to is
sue an additional $500, $4,000
in Federal Reserve Notes (more
and more printing press money!,
but inasmuch as there is not that
amount of gold and gold certif-
Gates left in the country they de-
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-03-31

N.
----..-.---....l. .--.....-.......-..----.
tnc Aoministl <ion man an
could tell you ia y life time.
~,,,. ,,,~,,~r, x,~>,,.,, Il
=. 80 W. ~ ..0 80
NJ - cc,er,cr.
49,, -. y,
- ~ : s ~. ~
so'u ~ ~ -
y Inc Nv Ill - no way inpaare
tne strsnssn OF tne Federal ke-
se1ve n ney nave lmpay
excnangeo sne,r gold ior gold Ger
unc1sss iue1 tne me treasury
ana couateraned oy one-nundred
PET cent OF goid. these gold Ger.
uncaees 20 conateraiied with COLO
supply al reserve requirements OF
sne Nesefve Act inis naii inter-
teTes "a no way WIN tne creoat'
su!ency % supervisory responn-
sns g sne eselve 1sn
~ $500
.,.s - ~
... - 'D
49, - ~ nsss 0een io' sne past
s"eny years
IL gives me pleasure at this time
to express my appreciation OF the
splendid services that the Federal
Reserve System has rendered in
connection with our efforts to
bring about recovery. II has been
an institution OF incalculable value
throughout the twenty years OF its
existence; soon after its organi-
in enabling this country to aid in
winning the war; and more re-
Gently Il has given hrm support to
.as Sove s en1.', m nsn.,
,as.,,.. -. - :-.. - !. -
pie by supplying them with a
sound currency. by placing at the
o.,poss' - menaOsl Dar1s : .slse
r.rc. r.cnv.-v -, .~.-.;.~ . 49,.
erful influence toward the rehabili-
tation of the commercial banking
structure, and BY cooperating in
$1,000 sy ~ 49, 'ne 'oSelen' :
w.. $500. $500.
Franklin b. Roosevelt.
Hon. Eugene r. Black,
Governor Federal Reserve Board
washing 'on' -
Now let us analyze some OF
the contents OF this letter.
The law itself in no way i'm
pairs the strength of the Federal
reserve Banks.
Certainly not. The fact of the
matter is that their strength and
powers have been vastly in
creased instead OF diminished. Il
is true that they are not sup
posed to be in the physical pos
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-03-31

already issued, brings the total
of Federal Reserve Notes issued
up to s3s40s, 81. 10 which, by
the way, was the exact amount
of Federal Reserve Notes OUT
standing and in the Federal Re-
serve Banks as of June 50. 1920.
So, while all the other figures
given are.znerely for the purpose
of illustration it is noteworthy,
that coming out as they do, at
the windup. they must be trailing
very close to the real facts.
Now, for some more real
facts. During the period from
March l, 1888, to November /,
1888, when most of the gold
called in by the President was
being turned in to the Federal
Reserve Banks, by the presi-
dents order, they increased their
holdings by 856.724.00O and
brought their total holdings on
November lst up to S., 591 .645,-
600, while the gold holdings Of
the u. S. Treasury amounted to
only measly $4l9. 10000.
Can you imagine a racket that
can compare with this onea All
the underworld rackets COM
bined are but penny ante games
aside of this. and as for misery
caused. all the underworld rack
cts are like a slap on the wrist
as compared to a hideous
murder.
The enactment of the "Gold
Reserve Act of 1884," by which
the United States Treasury takes
title to all the monetary gold
held by the Federal Reserve
banks, heralded far and wide as
a great step towards driving the
money Changers from the
Temple" (the U. S. Treasury.
The reduction of the gold con-
tent in the dollar it was claimed
would raise prices on farm
products and raise wages of la
Dor, so that it would be easier to
pay debts. Have the products
of the farm gone up? NO! They
are much lower than they were
eight months ago, and only
slightly higher than the low
point of 1882. Have wages gone
up? and employment increased?
Again NO! If you were to leave
out the CCC, CWA and the
MIRA, unemployment would be
much more acute now than it
was eight months ago.
Now let us see how badly (?)
the Money Changers" and the
banking racketeers have Jared
under the "Gold Reserve Act of
1884"
AT this point I will introduce
as evidence a copy of a letter
written by President Roosevelt
to Governor Eugene r. Black of
the Federal Reserve Board,
Washington, D. c., which will
show more clearly, and throw
more light on the relations of the
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-03-31


February 3rd.)
uprsBy 8. o. SANDERSoN
Since writing Whose Gold?
Whose Profits r. "A Logical So
luton and "A Colossal Con-
spiracy" some interesting hap
penings have taken place in
Washington.
In checking back on these ar
ticles / also re-read for the sec
ond or third time that splendid
editorial Franklin D." "A Ma
tional Santa Claus" and the COM
ments on "The Presidents Mes
sage" which appeared in THE
SATURDAY PREss Of January IS.
I was greatly impressed with
the striking manner in which all
of these articles, and especially
the editorials, fit into the present
picture of the situation, and l
earnestly wish that every reader
of, this article would review all
- .these feaneE articles and eii<
torials, thus getting much bet
Ter understanding of some of the
various angles of the relations
of the Federal Reserve Banks
with the United States Govern
ment.
On January 3Oth the Gold
Reserve Act of 1884" was pas
sed by Congress, signed by the
President, and became a law.
The principal provision of this
Act provides for the Govern
ment taking title and ownership
of all the gold held by the Fed
eral Reserve Banks and the re-
duction of the gold content in
the dollar.
While this bill was before
congress, the officials of the Fed
eral Reserve Banks, the Federal
Reserve Board, the combined
forces of the Money Trust and
Banking Racketeers, together
with their allies in and out of
Congress, put up a strenuous
fight to retain the title and own
ership to the gold held by the
Federal Reserve Banks.
Many were the charges on the
floor of congress of "confsca-
tion," "thievery," "unconstitu-
tionality," and the like, which
when observed closely are easily
discerned to be mere gestures to
mislead the masses into thinking
that the administration and con-
gress had won a decided victory
over this Financial Octopus (;
created by congress: weaned by
the World War: and gluttoned
by fictitious postwar prosper
ity that reached its climax with
the stock market crash of Octo-
Der, 1929.
The World War presented the
Federal Reserve Banks with
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-03-31

TIVE
600. Against this they can issue<
So, 78O, 100000. in Federal Re-
serve Notes.
The Federal Reserve BankS
this time also held $2,432.37Qr.
600 in Government Securiti
against which they could Issue
Ike amount Of Federal Resef{ e
Notes.
That would make Sill zoo, 0W
600 in Federal Reserve MOI 7;
which if loaned out at 6 per c<IEs
would bring in $672, 900. O0
year in interest. !,
But that is not "a. If the =
eral Reserve BaIiks' holdings !,
Government securities shd
happen to be ~ p9 cent Fou
Liberty Bonds they xoRld a. I
down IN interest from die gov
eminent the rather tidy sum Of
$l03,375, 700 in interest thereon,
every year. Add this to the
$672,O00,OO0 in interest on the
Federal Reserve Notes and you
have $775,375, 700 annual income
on an invested capital of only
$145,3s9,O00.
That is getting back $500 ev-
cry year for every dollar in
vested.
These figures may sound fam
tastic, but not any more so than
this bunch of Banking Rack
eteers have actually accom-
plished in the past seventeen
years of the existence Of the
Federal Reserve System.
Does this look as though the
Money Changers" have been
driven from the Temple?
/ say, emphaticaIly MOI They
are more firmly imbedded in
their control Of money and
credit, tliansssef -
Read this again, from the
Presidents letter: Their pow
ers will continue to be exercised
in the interest of agriculture,
commerce and industry, just as
they have been for the past
twenty years."
Well, l am just going to re-
construct this sentence to fit the
facts, and let it 60 at that. Here
it is:
Their powers will continue to
be exercised towards getting the
greatest amount of interest they
can squeeze out of agriculture,
commerce and industry, just as
they have been for the past
twenty years!
The president expresses ap-
probation of the splendid serv-
ices rendered to bring about re-
covery.
Sure, the Federal Reserve
Banks are always ready to rem
der services(?) where there is
interest combined Nth security
in sight! During the first year
of the Roosevelt administration,
Treasury financing and ref
nancing reached the staggering
sum of $12,518, 169, 500. Nearly
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-03-31

(Rdifor's Note: TIE article.
Whose Goldf Who Profts"
written q November q Mr.. SAM
dsraon. appeered in Th} Saturday
Press, issue Of January III: The
"Logical Solution" was wtitten in
December and appeared ia the H.
sus . Jannaxy 18th, with 6he sdi-
torin1e eeforre6 -; while - Co
leQo.1 &o xne - 4 49,
safiy a January and publ}shsd *
c1uefvely IN The Saturday Press on
February srd.)
The Nome nugget., 1934-07-21
s. s. VICTORIA TO ARRIVE 10 AM. SUNDAY

According to word received by the local office of the Alaska Steamship Co., the s. s. Victoria of the Alaska Line is due to arr rive Nome about 10 am, tomor- TOW morning, Sunday.
 The s. S. Derblay of the same company was reported to be dis charging cargo at Shishmaref to- day, and will probably arrive al Nome late Sunday night.
The Nome nugget., 1934-07-21

The Coast Guard Cutter Chelan. according to word received here. sailed from Seattle July 18th for Dutch Harbor with two pounches of first class, 50 sacks and Is out side pieces of mail, totalling about 5000 pounds. It is understood that the Chelan may transfer the mail to the cutter Northland at Dutch Harbor. which will bring 1t up to Nome.
The Nome nugget., 1934-07-21
DROP IN MARKET

(By The Associated Press)
 NEW YORK. July 21, F1urries of selling stocks of grain and cot ton were features of today's mar ket, and caused sharp declines in these stocks. The drop ranged from one to three points with rails and metals leading the decline Wheat broke about two points.
The Nome nugget., 1934-07-21
LATE TELEGRAPH NEWS
RECOMMENDS LONG JErrv SEWARD HARBoR

(By The Associated Press)
 WASHINGTON. July q. Chief of the Army Engineers Markham, recommended today to the House Rivers and Harbors Committes that the project for the harbor os refuge at Seward be modified to provide for the construction on the north side of the dredged basin, of rubble stone breakwater, 905 feet long. It is estimated this would cost about seventy thousand dollars.
The Nome nugget., 1934-07-21
SUBSCRIBE FOR THE DAILY

First class mail. it is reported. will be taken out by plane during the next few days. weather permit ting. instead of being shipped on the Victoria. which it is reporteN will take considerable time on it's return voyage to Seattle.
The Nome nugget., 1934-07-21
ATTENTION.
  PIANO OWNERS

Will leave shortly for Juneau. Anyone needing expert piano tun- ing service better telephone your orders now. Will not visit Nome for some time. Thank you. Geo. Anderson. Headquarters: Golden Gate Hote.
The Nome nugget., 1934-07-21
NOTICE

Written applications will be re. ceived at City Clerks office up to 5 pm. Monday, July 28rd, 1O34, for the position of engineer at Fire Department.
 M. J. WALSH,
 City Clerk.
The Nome nugget., 1934-07-21

FOR SALE: Five room house nicely furnished. Inquire at Mug get Ofrice.
The Nome nugget., 1934-07-21

sUBscRIBE FOR THE NUGGET
The Nome nugget., 1934-07-21

" ALSH,
 City Clerk.
Evening star., 1934-06-30
CORPORATE BOND
! CHANGES NARROW
Prime Issues About Steady,
but Secondary Loans
Are Uneven.
RY BERNARD S. OHARA.
Associated Press Financial Writer.

NEW YORK. June 30-Dullness
was the bond markets principal
feature today. Trading was confined
to relatively small section of the
corporate list and prices varied in
no important degree. Prime issues
were about steady with speculative
ratings irregular.
U. S. Governments reflected the
same apathy of trading interest, al
though one or two of the Treasury
issues got up !. of a point or so.
On negligible transfers such issues
As Allegheny Corporation SIS Of 1850.
Canadian Pacific debentures. Great
Northern 412s, New York Central 5S
Nickel Plate i2s. Pacific Gas &
Electric SIS. and Pennsylvania Cen
eral 4ios moved up a little. against
an easy trend in ST. Paul IS. Inter
national Telephone IS. Pacific Gas &
Electric SIS, Postal Telegraph 5. Unit
ed Drug SIS and Western Union SIS.
Certain of the high grade industrial
loans were offered slightly below the
previous closing levels This was true
of Standard Oil Of New York 4'2s,
Texas Corporation SIS. American Tele-
phone SIS and Consolidated Gas 5 2s.
Evening star., 1934-06-30
Chicago Grain
BY the Associated Press.

6S VIC ASoONldltu iENS
CHICAGO. June 80 (P).-Following
an irregular start. grain prices turned
downward early today. Moisture and
cooler weather both in Spring wheat
territory and over the corn belt had
a bearish effect Opening 3s off to
"a up. September 9034a907s, wheat
soon sagged all around. Corn started
"a lower to p higher and subse-
quently underwent a general dip.
. Canadian reports of heavy rains in
the prairie provinces did a good deal
to handicap friends of higher prices
for wheat. Dispatches. too. were at
hand telling of liquidating sales at
Liverpool because of fears that July
deliveries of wheat there would be
large and of undesirable grades.
Further big receipts of wheat at
Kansas City were also announced, 685
cars today. against 446 a week ago
and 273 at this time last year.
On the other hand. predictions
were numerous that the peak of the
domestic harvest movement of wheat
Southwest would be reached next
week Estimates of only small crops
of wheat in Rumania. YugoSlavia and
Australia attracted also more or less
notice Authoritative reports gave
the 1884 probable yield in Australia
as l25 100000 bushels. about II 000,-
900 bushels lower than normal. Corn
and oats eased with wheat
Provisions tended upward. in
f1uenced by steadiness of hog values
Wheat futures purchases yesterday
. totaled 25,S62,000 bushels. corr
20.006000 Open interest in wheat
was ll4347.000 bushels, and in corn
6l,396.000.
Evening star., 1934-06-30
CURB LIST MIXED
AS VOLUME LAGS
Transactions Mostly Con-
fined to Adjustments for
Week End Recess.
BY G. A. PHILLIPS,
Associated Press Financial Writer.

NEW YORK. June 3C.-Prices were
irregular in today's abbreviated ses-
sion of the Curb Exchange. Trading
was dull and transactions were gen.
orally confined to adjustments for the
week end recess.
Issues selling fractionally higher in
cluded American Cynamid b Cana
dian Industrial Alcohol, Cord Corp,
Electric Bond e. Share, international
Petroleum. Newmont Mining, and
Glen Alden. Some of the volatile spe-
cialties showed larger gains. includ-
ing A. o. Smith, which advanced more
than three points. Singer Manufac-
turing and bod Chemical. each more
than one higher, and New York Hon.
ouras 81 Rosario, which advanced
more than two.
American Super Power and Cities
Service each lost small fraction
while Amer; an Gas was unchanged
Great Atlcntlt e. Pacific declined a
point, Montgomery Ward "A" was
nearly two lCwer, and Pittsburgh Plate
Glass yielded around a point. North
ern States Power "A" declined nearly
two on a single sale.
Such recertly active issues as Stand
ard Oil of Indiana. Pan-Americar
Airways. National Bellas Hess, anc
Distillers Corp. Seagrams were un-
changed Hiram Walker declined a
small fraction.