SILVER DOLLARS
WAR DEBT PAYMENTS
NEW AMEEICAN POLICY
supplemental: currency
ACTION ON FRIDAY
United Press Association—By Electric Teleeraph—Copyright. (Eeceived April 21, 2 p.m.) WASHINGTON, April 20. . ■ A draft of the proposed controlled inflation amendment to the Farm Bill was completed by the Democratic leaders late on Thursday with a provision for authorising new currency up to three billion dollars. The President would- have power to direct the issuance of the- supplemental currency. Other details of the , proposal are ■withheld pending the introduction of the measure in the Senate, but it was also understood to authorise the President to accept up to a hundred million dollars in silver as part payment of the war debts, and reduce the gold content of the dollar. The Congressional leaders said the Bill would not be pressed to, the vote on Thursday, but would lie on the table for action-on Friday.
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Bibliographic details
Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 8
Word Count
146SILVER DOLLARS Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 8
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