Word: hoover
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Dates: during 1930-1939
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Special Message. The French default produced in Congress a brief flare-up of reprisal talk?$5,000 passport fees, bans on French securities. President Hoover, more calm, waited four days to see if France would change from nonpayment to delayed payment. When she did not he sent a special message to Congress, reviewing the debt situation and outlining a general plan of action he was prepared to initiate, regardless of legislative authority. He would promptly link debts, disarmament and world economics, granting no reductions on the first without compensating advantages to the U. S. on the other two. Because such...
Sighted: more work for President Hoover's man-about-Europe, Democrat Norman Hezekiah Davis (TIME...
...Last week President Hoover canceled his twenty-seventh successive Press conference. The last: Sept...
...President Hoover laid the cornerstone for the new $11,250,000 Department of Labor building on the south side of Pennsylvania Avenue. By remote control he also dedicated the cornerstone for the new Interstate Commerce Commission building, a quarter-mile away. Absent from the latter ceremony were all members of the I. C. C. who claimed they had not been notified in time...
...July 22 President Hoover signed a bill near & dear to his heart, creating a Federal Home Loan Bank system. Under this act building & loan associations, co-operative banks, savings banks and insurance companies were to subscribe to the stock of twelve new regional banks at which they could discount their first mortgages on homes worth $20.000 or less. The R. F. C. was authorized to invest, if necessary, up to $125,000,000 in the system. The Hoover idea was that the Government should help mortgage institutions which in turn would pass such assistance along to debt-ridden home owners...