Word: embargoed
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Other changes voted in the measure with the help of rebellious Democrats: 1) rejection of Secretary Ickes' proposal for the Government to assume control of the oil industry; 2) adoption against the President's wishes of an embargo on all imports threatening domestic recovery; 3) adoption of a three-man board to handle public works instead of a single administrator. Greatly perturbed by his runaway committee's actions, Chairman Harrison announced that he would carry these anti-Administration amendments to the Senate floor, there stage his fight in the President's behalf. President Roosevelt sent...
...standard of value'' But President Roosevelt had forbidden all payments in gold on all obligations, public or private. U. S. certificate-holders got paper dollars still nominally worth 100? while foreigners were asked to take paper dollars worth only 84? in their currency. The President's embargo likewise prevented gold exports to meet the June 15 Liberty Loan interest payments abroad, despite the "gold clause" in these bonds...
During his first two months in office Secretary of the Treasury Woodin went through the banking crisis, the gold embargo and the inflation excitement with the help of able Republicans left behind by Herbert Hoover. At his right hand was Arthur Atwood Ballantine as Undersecretary and at his left James Henderson Douglas as Assistant Secretary. Francis Gloyd Await acted temporarily as Comptroller of the Currency. David Burnet continues as Commissioner of Internal Revenue and Walter Orr Woods as Treasurer of the U. S. Governor Eugene Meyer of the Federal Reserve Board lay low until his successor could be found...
...increased. Said Chancellor Chamberlain: "Some time ago I decided it would be necessary to make an addition to the reserve of the account and later I propose to ask the House of Commons to grant it. ''There is no connection between the American action in restoring the embargo on the export of gold and the increase in our exchange [fund] which was decided upon long before we had any conception that the United States Government might abandon the gold standard. . . ." These were soft words for foreign consumption. Hardly was the speech finished before Lombard Street tipsters were insisting...
Matches. Bolstering the Russian embargo the duty on foreign matches is upped from 4s 4d to 4s 9d per gross of containers. Imported cigaret lighters will pay a tax of 1s 6d each, a 200% increase. Domestic lighters will be taxed 1s, a 100% increase...