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Summary committee hearings followed. Mr. Dawes considered things so bad that he insisted on testifying in secret session. Presumably he explained that his R. F. > was stalled at the very outset for lack of relief cash and the inability of the public market to absorb R. F. > obligations. He undoubtedly endorsed the Glass-Steagall bill as a means of pumping new money into the market to buy R. F. > securities. Secretary Mills estimated that the substitution of bonds for commercial paper would release about $750,000,000 in gold from currency coverage. He denied that the purpose of freeing this...
James Cagney was born over a saloon owned and run by his father in a Manhattan slum. By the time he reached high school he had started that series of heterogeneous occupations which occur painfully at the outset of many a cinematic career. He was a copy boy for the New York Sun; a department store bundle-wrapper; a librarian; a neophyte painter. He left Columbia University to be a chorus boy. From this traditionally effeminate occupation, he presently was graduated to vaudeville, musical comedy (Grand Street Follies)., legitimate plays (Women Go on Forever and Outside Looking In for which...
Government 4 is as listed in the catalogue of courses, the study of the elements of international law. At the outset, warning should be given that students who are not prepared to devote more than the usual amount of time to this course in order to get a good understanding of the field of international law should not enroll. Every 10 days each member of the class writes a report on a class case. These reports are what consume most of the student's time since they involve a lot of fruitless searching through library books before the needed material...
Last week John Francis Curry, foxy little boss of Manhattan's Democracy, emerged from Tammany Hall to face the Republican-controlled legislative committee which has been investigating the municipal government. From the outset Boss Curry had resisted this inquiry as a piece of partisan politics. As a matter of party duty his Tammany henchmen blocked, balked, thwarted and nullified the committee's efforts to probe the scandals of New York to the bottom. Now Boss Curry was summoned to explain and justify his opposition...
President Hoover last week kept the London Conference on Germany's economic rehabilitation under sharp White House focus. Because this was the first such European parley the U. S. had officially joined in a dozen years, he was at its outset slightly apprehensive. But when after 72 hours the seven-power meeting adopted his ideas of relief and adjourned without any political eruptions, the President was a happy and relieved man. Secretaries Stimson and Mellon, as U. S. delegates in London, agreed to a 90-day renewal of the $100,000,000 international loan to Germany...