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...Francisco last week was the starting point of what was described as the greatest gold shipment of all time. Two billions in bullion, one-third of all the gold in the land, began to move 1,440 mi. to the U. S. Mint at Denver. And 1,796 mi. farther east, beneath a huge portrait of Benjamin Franklin in his big new Washington office, sat the bald-headed man who was morally, physically and financially responsible for the fabulous shipment. By law it was up to Postmaster General James Aloysius Farley to get the Government's gold from mint door...

Author: /time Magazine | Title: MONEY: Perils & Profits | 9/10/1934 | See Source »

...proclamation under the Silver Purchase Act passed last June. Nobody would have to give up his table silver, silver ornaments, silver coins or silver tooth fillings. But owners of bullion?that is, those who had bought this commodity as a speculation?must turn in their silver at the nearest mint within 90 days. If they failed to do so, they could be punished by a fine of $2.58 for every ounce in their possession. Excepted from this order: manufacturers of silver and other commercial users. Silver miners will still get their special price of 64¢ an oz. from the mints...

Author: /time Magazine | Title: MONEY: Silver to Treasury | 8/20/1934 | See Source »

Since the Federal Government began paying $35 an ounce for gold last January, Treasury assay & mint offices at New York, Philadelphia, Denver, San Francisco, New Orleans and Seattle have been doing a bargain-counter business with the general public. People who paid $20.67 an oz. for the gold in their false teeth, loving cups, medals, belt buckles, mesh bags, spoons and watch chains have been cashing in this scrap to make a 75% profit. Last week the Treasury announced that from Jan. 31 to June 22 receipts of scrap gold at the mints and assay offices had exceeded newly mined...

Author: /time Magazine | Title: Business: Gold & Silver | 7/9/1934 | See Source »

...Rhode Island. Boss Farley was reported to have said that Democrat Dowling could have whatever he wanted. Month ago a dinner was given for him in Philadelphia, at which such speakers as Henry Morgenthau Sr., Frank Comerford Walker, executive director of the President's National Emergency Council, Mint Directress Nellie Tayloe Ross, Internal Revenue Commissioner Guy T. Helvering, Joseph F. Guffey, Pittsburgh Democratic boss, and many another bigwig paid him tribute. The President sent a special message by Mr. Walker: "Please convey my best wishes . . . particularly to my good friend, the honored guest, Eddie Dowling." Last week Mr. Gerry...

Author: /time Magazine | Title: POLITICAL NOTES: Stage & Screen Senator? | 5/14/1934 | See Source »

...stormy Democratic meeting at Grand Island, Neb. Mr. Mullen shouted: "I represent the President here." At his command his henchman, Keith Neville, was elected National Committeeman in his stead. ¶Nellie Tayloe Ross. Committeewoman from Wyoming and national vice chairman, resigned to continue her job as Directress of the Mint. ¶Jed Cobb Adams, Committeeman from Texas, resigned to continue in his job on the Board of Tax Appeals-a resignation offered in May 1933 but which Mr. Farley did not see fit to accept for ten months. ¶ Mrs. Catherine Rouse Conner, in charge of information for Federal Surplus...

Author: /time Magazine | Title: POLITICAL NOTES: Democratic Shuffle | 3/26/1934 | See Source »

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