BILL INTRODUCED
DRASTIC PROPOSALS
(Received April 21, 2.15 p.m.) WASfiINGTON, April 20. A drastic Bill to grant Mr. Boosevelt authority to- expand both currency and credit, and decrease the gold value of the dollar was. put before the Senate late on Thursday oh behalf of • the Administration. Action upon it tomorrow is virtually assured. ■ . The inflation amendment to the Farm Bill completed by ihe Democratic leaders would: authorise the Treasury to enter into an agreement with the Federal Bank system for the purchase of three , billion dollars ;in Government obligations' in addition to those already held. The .bonds would be held in the Ke«erve Bank system's portfolios for agreed periods of time.
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Bibliographic details
Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 8
Word Count
112BILL INTRODUCED Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 8
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