Word: blocs
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Dates: during 1930-1939
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...this means Secretary Morgenthau hoped to silence the telephone which had filled his ear with the profuse complaints of silver men, demands that the Treasury ought to step in and halt the fall of silver prices. Ever since Franklin Roosevelt in June 1934 pacified the Senate silver bloc by promising to buy silver until 1) it reached $1.29 per oz., or 2) the Treasury held one-third as much silver as gold, Secretary Morgenthau has been held personally accountable for the price of silver...
...these laws enacted in 1934 was to pre vent speculation in silver in the U. S., put the silver futures market out of busi ness, leave the Treasury in complete control of the U. S. silver situation. Since Mr. Morgenthau had not exercised that control to suit the silver bloc, it was content to reopen the silver market, give con trol back to the speculators...
...banker, lobbyist, onetime (1907-15) West Virginia State Senator, onetime head of U. S. Grain Marketing Corp. of Chicago; of a heart attack; in Martinsburg, W. Va. As Washington representative of the American Farm Bureau Federation in 1920, Lobbyist Silver became known as "the man who runs the farm bloc...
...most powerful, least responsible legislative body in the world, the Chamber of Deputies, was about to meet. Every Frenchman knew what they were faced with: an immediate budget deficit of ten billion francs ($658,300,000), that was causing the French franc, keystone of Europe's gold bloc, to tremble on the verge of devaluation. Either the Chamber must swallow its pride, vote extraordinary powers to the Flandin ministry or else the Cabinet must fall and France head into another inflation like that...
...California Legislature has under consideration a State income tax stiffer than any other in the land. Basic schedule is 33% of the Federal rate. But severe levies on unearned increment jack up the rate in some brackets as high as the Federal tax. The "radical" Assembly, where a small bloc of EPIC legislators controls the Democratic minority, passed the tax bill recently, 70-to-5. Even though a safely conservative Senate was expected to modify the measure, Governor Merriam has come in for a prodigious amount of kicking around by the Hearst Press (whose master at San Simeon would...