Word: legalize
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Dates: during 1930-1939
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...legal points involved, however, are not by any means easy to resolve. If actual devaluation comes before Congress can specifically deal with the profit accruing to the Federal Reserve banks, then a law making retroactive the profit on gold might be subject to attack as unconstitutional. A suit might arise on the part of a member bank to restrain a Federal Reserve bank from surrendering to the Treasury the profit on gold...
Thus last week was President Roosevelt's whole gold policy started on its winding way to the Supreme Court for a major test on constitutionality. If Defendant Campbell is convicted by a jury, and the Supreme Court sustains his conviction, the Department of Justice will be on solid legal ground to move against some 30,000 citizens who have so far defied the President's gold orders. If Defendant Campbell wins a Supreme Court appeal the Administration's whole gold program will be set at naught and President Roosevelt will have to start all over again conserving...
...whole thing is hopelessly unconstitutional," was the legal opinion as voiced by James A. McLaughlin, Professor of Law. It might be highly inadvisable, he argued, to scrap the Constitution completely and so suddenly, since the courts will uphold the NRA as only an emergency measure...
...power, on the pretext that Communists had fired the building, that this was the last straw, Germany must awake! etc. And having eradicated the opposition they proceeded to erect the totalitarian state based on scrupulous unfairness. But now, obeying an incongruous twirk of conscience, they have decided to use legal processes to discover and convict those they accuse of the crime. This was a mistake. For the legal process has enabled the real defendants--Torgler, Dmitroff, and Teneff--to demonstrate quite conclusively that only if sudden insanity had seized them would they even have conceived the idea of burning...
...ounce the price of gold which it sells abroad on consignment from U. S. miners. At that price the monetary gold of the U. S. Treasury and the Federal Reserve was worth in world markets $6,400,000,000. On the books that gold is carried at the old legal price of $20.67 an ounce or a total of $4,329,000,000. Thus in the last six months the U. S. made a paper profit on its gold holdings...