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...working days the last session of the 71st Congress enacted the 13 appropriation bills essential to avert a special session...

Author: /time Magazine | Title: THE CONGRESS: Clock | 3/16/1931 | See Source »

...toward what was generally expected to be a presidential veto. Reported from the Ways & Means Committee H. R. 17054 to up veterans' loans on adjusted service certificates was snapped (363-to-37) through the House in 40 minutes. The Senate was primed for action no less quick to avert what all Bonus advocates dreaded-a pocket veto...

Author: /time Magazine | Title: National Affairs: H. R. 17054 | 2/23/1931 | See Source »

Most of the subcommittee's hearings so far have been a post-mortem of the stock crash and the part the Federal Reserve played?or failed to play?to avert catastrophe. From the financiers who passed before his committee Senator Glass, arch enemy of stock speculation, got little support for his bills to penalize speculators with a new tax and to restrict the Federal Reserve's loan policy...

Author: /time Magazine | Title: National Affairs: Reserve Review | 2/16/1931 | See Source »

Commissioner Anderson argued that his system would: eliminate the private profit from illicit liquor traffic, satisfy local public opinion, avert the state of nullification into which Prohibition is now drifting. The Government would enlist the power of economic law to beat the bootlegger. He argued that the U. S., in the Federal Reserve System and the Interstate Commerce Commission, has already applied to Money and Transportation the principle he now proposed for Liquor...

Author: /time Magazine | Title: PROHIBITION: Wicker shambles | 2/2/1931 | See Source »

...phrase-"an example of occupational selfishness." Richfield Receivership. Concrete evidence of the industry's troubles was the passing of Richfield Oil Co. of California into receivership last week. The action came as no great surprise, since for many a month Richfield has frantically fought. to avert the inevitable result of big debts, no cash. Oilmen knew that Sinclair Consolidated Oil Corp., Tide Water Associated Oil Co. and Union Oil Co. of California had each thought of acquiring Richfield. A solution was thought to have been reached when a big change took place in Richfield's management and William...

Author: /time Magazine | Title: Business: Ominous Oil | 1/26/1931 | See Source »

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