Word: funding
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Dates: during 1930-1939
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Money Bills. Extension beyond June 30 of the Treasury's $2,000,000,000 exchange stabilization fund, of its silver purchasing power, and of the President's power to devalue the dollar further, were all voted two months ago by the House. Old Senator Glass kept the bill deadlocked in his Banking and Currency subcommittee until the White House induced Senator Miller of Arkansas to change his vote. The bill then got out to the Senate floor, with Senator Glass swearing from his sickbed that he would fight to the end against monkeying with the currency...
...back the 1937 silver price for domestic silver, barring further purchases of foreign silver (from China and Mexico). More surprising, it gave Senator Glass his victory, voted 47-to-31 to end the President's power to pare the dollar. But it gave new life to the stabilization fund, essential for U. S. participation in steadying foreign exchange with England and France...
...restoring FTP. Secretary Ickes climbed Capitol Hill to ask $500,000,000 outright, instead of a diverted $125,000,000, for PWA. But Franklin Roosevelt created the biggest diversion of all by asking Congress to inaugurate a $3,860,000,000, "self-liquidating" public works program on a revolving fund basis outside the Budget. This sweeping proposal threw the whole Relief issue far in the air momentarily...
...oldsters got so pepped up that they heaped $3,500 cash into a basket as a starter for Dr. Townsend's radio campaign fund. They chanted...
...Representatives who accepted his movement's support in the last election, then deserted at the showdown. This activity will be concentrated in the Great Lakes States. ("Why, 75% of the Congressmen west of the Mississippi are for us anyhow!") By election time next year, if he has campaign funds enough, the Doctor expects to have so spread the fear of oldsters that the next Plan vote in Congress will be different. For his radio fund he asked $1,000,000, raised dues to 1½ per day. (Dues last year were 25? monthly, brought in only $153,147.) Secretary...